Financial Stress Scoring Report: Gorman Manufacturing Company,

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            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
                       -------------------                  ----------------
 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
                       -------------------                  ----------------
 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:
-----
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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               END OF DUN & BRADSTREET FINANCIAL STRESS REPORT