Financial Stress Scoring Report: Gorman Manufacturing
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COPYRIGHT 1999 DUN & BRADSTREET INC. - PROVIDED UNDER CONTRACT
FOR THE EXCLUSIVE USE OF SUBSCRIBER 034-004303.
ATTN: vm
DUN & BRADSTREET FINANCIAL STRESS SCORING REPORT
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D-U-N-S: 80-473-5132 DATE PRINTED: August 18, 1999
GORMAN MANUFACTURING COMPANY, INC
(AND BRANCH(ES) OR DIVISION(S))
BUSINESS SUMMARY
492 KOLLER STREET ==========================================
SAN FRANCISCO, CA 94110 CONTROL: 1965
TEL: 650 555-0000 START: MAY 21 1965
CEO: LESLIE SMITH, PRES EMPLOYS: 105
EMPLOYS HERE: 100
NET WORTH: $3,363,777
D&B RATING: 3A3
SIC: 27 52
LOB: COMMERCIAL PRINTING
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FINANCIAL STRESS SCORE
The Financial Stress Models predict the likelihood of a firm ceasing
business without paying all creditors in full, or reorganizing, or
obtaining relief from creditors under state/federal law over the next
18 months. The score was calculated using statistically valid models
derived from D&B's extensive data files.
FINANCIAL STRESS MODEL Manufacturing
FINANCIAL STRESS CLASS (0 - 5): 5
FINANCIAL STRESS SCORE NATIONAL PERCENTILE: 1
(Highest Risk: 1; Lowest Risk: 100)
FINANCIAL STRESS SCORE INDUSTRY PERCENTILE
FOR THE MANUFACTURING INDUSTRY SEGMENT: 1
(Highest Risk: 1; Lowest Risk: 100)
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INCIDENCE OF FINANCIAL STRESS
The Incidence Of Financial Stress is the proportion of firms with scores
in this range that discontinued operations with loss to creditors.
Based on historical data in Dun & Bradstreet's files, the incidence of
financial stress over the past year:
INCIDENCE OF FINANCIAL STRESS
FOR FINANCIAL STRESS CLASS 5: 6.98% (698 per 10,000)
NATIONAL AVERAGE INCIDENCE: .65% (65 per 10,000)
MANUFACTURING INDUSTRIES SEGMENT: .87% (87 per 10,000)
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FINANCIAL STRESS SCORE ANALYSIS
KEY BUSINESS COMMENTARY:
- 25% of trade experiences indicate slow payment(s) are present.
- Payment experiences exist for this firm which are greater than 60 days past
due.
- Control age or date entered in D&B files indicates lower risk.
- Payment information indicates negative payment comments.
- Evidence of open Suit(s), Lien(s) and Judgment(s) in the D&B database.
- Quick ratio is 0.6.
- Business does not own facilities.
- D&B files indicate a net worth for this firm of $2,838,982.
- Financial condition is FAIR or UNBALANCED.
KEY FINANCIAL COMMENTARY:
- Accounts payable to sales ratio is in the lower quartile for this
industry.
- Quick ratio is in the lower quartile for this industry.
- Positive net worth is present for this firm indicating lower risk of
financial stress.
- Return on assets is between the median and upper quartiles for this
industry.
- Total liabilities to net worth ratio is between the median and upper
quartiles for this industry.
Indications of slowness can be the result of disputes over merchandise,
skipped invoices, etc.
The public record items contained in this report may have been paid,
terminated, vacated or released prior to the date this report was printed.
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FINANCE SECTION
Fiscal statement dated December 31, 1998
Cash $ 845,000 Accts Pay $ 2,657,980
Accts Rec 1,923,543 Notes Pay 350,000
Inventory 1,678,945 Bank Loan 880,000
Notes Rec Other Curr Liab 545,700
Other Curr Assets 1,456,543
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Curr Assets 5,904,031 Curr Liabs 4,433,680
Fixed Assets 1,876,867 L.T. Liab Other 662,423
Other Assets 678,982 Deferred Credit
Net Worth 3,363,777
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Total Assets 8,459,880 Total 8,459,880
Net Sales $ 18,458,234
Gross Profit $ 3,759,458
Net Profit After Tax $ 602,086
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SPECIAL EVENTS
The following Special Events are present on this case and may not be reflected
in the above score:
04/06/99 On Mar 26, 1998 the subject experienced a fire due to an
earthquake. According to Leslie Smith, president, damages amounted to
$35,000 which were fully covered by their insurance company. The
business was closed for two days while employees settled personal
matters.
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FINANCIAL STRESS FAILURE TABLE
The following table provides the national failure rates for each
Financial Stress Class, as well as, how each is relative to the national
average failure rate. The national average failure rate based on 1995
statistics is .65%.
Financial D&B Files National Incidence Relative
Stress Class Represented Failure Rates to National Avg.
1 80% 0.28% 56% Lower
2 10% 1.06% 63% Higher
3 6% 1.89% 190% Higher
4 3% 3.28% 404% Higher
5 1% 6.98% 974% Higher
NOTE:
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The Financial Stress Class indicates that this firm shares some of the
same business and financial characteristics of other companies with this
classification. It does not mean the firm will actually experience
financial stress.
Each financial stress score classification has an incidence of financial
stress associated with it that is compared to both the industry specific
model and the national average for all companies. The National
Percentile reflects the relative ranking of a company among all the
scorable companies. The Industry Percentile reflects the relative
ranking of a company among all the scorable companies in its own
industry group. Failure statistics are based on 1995.
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or Investigative Services.
END OF DUN & BRADSTREET FINANCIAL STRESS REPORT