D&B – Business Information Report 

B
03-873-2116

020713
GORMAN MANUFACTURING COMPANY,
         COPYRIGHT 2002 DUN & BRADSTREET INC.
         ALL RIGHTS RESERVED

              *IN DATE*

DO NOT CONFUSE WITH OTHER GORMAN COMPANIES, THIS IS A FICTITIOUS COMPANY USED
BY D&B FOR DEMONSTRATION PURPOSES.

     DUNS: 03-873-2116           DATE PRINTED
GORMAN MANUFACTURING COMPANY,    JUL 16 2002          RATING    BRANCH
INC
                                 COMMERCIAL PRINTING  EMPLOYS   10
1073 S BOYLE AVE                 SIC NO.
LOS ANGELES CA  90023            27 52
     TEL: UNKNOWN

BRANCH MANAGER:  NICK LAFOND

===============================================================================
                     *  *  *   CUSTOMER SERVICE   *  *  *
===============================================================================
If you need any additional information or have any questions, please call the
D&B Online Customer Service Center at 1-800-223-1026.

===============================================================================
                     *  *  *   SUMMARY ANALYSIS   *  *  *
===============================================================================

RATING SUMMARY . . . .

     The term "BRANCH" in the Rating field indicates that this company is a
     branch location.  D&B Ratings do not appear on branch reports.

===============================================================================
                     *  *  *   PAYMENT SUMMARY   *  *  *
===============================================================================

D&B has not received a sufficient sample of payment experiences to establish a
PAYDEX score.

D&B receives over 315 million payment experiences each year.  We enter these
new and updated experiences into D&B Reports as this information is received.
At this time, none of those experiences relate to this company.

===============================================================================

OPERATION
04/23/02      This is a branch: headquarters are located at 492 KOLLER STREET,
         SAN FRANCISCO, CA.  Headquarters D-U-N-S 80-473-5132.  The manager has
         authority to make all purchases.  Bills are paid generally from this
         branch.  This branch operates as a commercial printer.

04/23/02      FACILITIES:  Leases 7,500 sq. ft. in a one story concrete block
         building.
              LOCATION:  Industrial section on side street.
         07-16(1VA   /001)                                 098184184

                              FULL DISPLAY COMPLETE

D&B – Business Background Report 

03-873-2116
804735132
020713
GORMAN MANUFACTURING COMPANY,
         COPYRIGHT 2002 DUN & BRADSTREET INC.
         ALL RIGHTS RESERVED

                          BUSINESS BACKGROUND REPORT

GORMAN MANUFACTURING COMPANY, INC

DUNS: 80-473-5132                         DATE PRINTED: July 16, 2002

===============================================================================

492 KOLLER STREET                               Year Started: 1965
SAN FRANCISCO, CA 94110                         Control Year: 1965
Telephone: 650 555-0000                         This is a Headquarter location.

Sales     $19,683,736 (Fiscal)                  Employees Total: 110
Net Worth $3,160,644 (Fiscal)                   Employees Here:  100

Top Executive: LESLIE SMITH

===============================================================================

INDUSTRY

Line of Business:  COMMERCIAL PRINTING

Primary SIC:

     2752   (COMMERCIAL PRINTING)

===============================================================================

SPECIAL EVENTS

07/08/02      On Mar 26, 2001 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.

===============================================================================

BUSINESS HISTORY

         ----------------------------------------------------------------------

         The Corporate Details provided below may have been submitted by the
         management of the subject business and may not have been verified with
         the government agency which records such data.

         BUSINESS TYPE: Corporation -       DATE INCORPORATED: 05/21/1965
                        Profit              STATE OF INCORP:   California

         AUTH SHARES-COMMON:  200
         ----------------------------------------------------------------------
07/08/02
         LESLIE SMITH, PRESIDENT            KEVIN J HUNT, SEC-TREAS
         DIRECTOR(S):  THE OFFICER(S) and Corporate details under
         investigation.

              Corporate details under investigation.
              Business started 1965 by Leslie Smith and Kevin J Hunt.
              LESLIE SMITH born 1926.  Graduated from the University of
         California, Los Angeles, CA, in June 1947 with a BS degree in Business
         Management.  1947-65 general manager for Raymor Printing Co, San
         Francisco, CA.  1965 formed subject with Kevin J Hunt.
              KEVIN J HUNT born 1925.  Graduated from Northwestern University,
         Evanston, IL in June 1946.  1946-1965 was general manager for Raymor
         Printing Co, San Francisco, CA.  1965 formed subject with Leslie
         Smith.
              AFFILIATE: The following is related through common principals,
         management and/or ownership.  Gorman Affiliate Ltd, San Francisco, CA,
         started 1965.  Operates as commercial printer.  Intercompany
         relations: None reported by management.

===============================================================================

OPERATIONS

07/08/02      Commercial printing specializing in advertising posters,
         catalogs, circulars and coupons.
              ADDITIONAL TELEPHONE NUMBER(S): Facsimile (Fax) 512 794-7670.
         Has 200 account(s).  Net 30 days.  Sells to commercial concerns.
         Nonseasonal.
              EMPLOYEES:  110 which includes partners.  100 employed here.
              FACILITIES:  Rents premises in a one story cinder block building.
              LOCATION:  Central business section on well traveled street.
              BRANCHES:  Subject maintains a branch at 1073 Boyden Road, Los
         Angeles, CA.

===============================================================================

CUSTOMER SERVICE

If you need any additional information or have any questions regarding this
report, please call our Customer Service Center at 1-800-234-DUNS(3867).

===============================================================================
             END OF DUN & BRADSTREET BUSINESS BACKGROUND REPORT

D&B – Credit Scoring Report 

03-873-2116
804735132
020713
GORMAN MANUFACTURING COMPANY,
         COPYRIGHT 2002 DUN & BRADSTREET INC.
         ALL RIGHTS RESERVED

               DUN & BRADSTREET COMMERCIAL CREDIT SCORING REPORT

Your inquiry on GORMAN MANUFACTURING COMPANY,, 1073 S BOYLE AVE, LOS ANGELES,
CA 90023 is a branch.  Headquarters Credit Scoring Report follows.
===============================================================================

D-U-N-S: 80-473-5132                 DATE PRINTED:  July 16, 2002

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:        1965
CEO: LESLIE SMITH                    EMPLOYS:      110
                                     EMPLOYS HERE: 100
                                     NET WORTH:   $3,160,644
                                     SIC:          27 52

                                     LOB:          COMMERCIAL PRINTING

===============================================================================
                            COMMERCIAL CREDIT SCORE

The Commercial Credit Score predicts the likelihood of a firm paying in a
delinquent manner (90 + Days Past Terms) during the next 12 months, based on
the information in Dun & Bradstreet's file.  The score was calculated using
statistically valid models derived from D&B's extensive data files.

CREDIT SCORE CLASS (0 - 5):                 5- HIGH RISK

CREDIT SCORE PERCENTILE:                    2
(Highest Risk: 1; Lowest Risk: 100)

The Credit Score Percentile above means this firm scores the same as or better
than 2 percent of the businesses currently available in D&B's Information Base.

COMMERCIAL CREDIT SCORE:                  269
(Highest Risk: 101; Lowest Risk: 660)

INCIDENCE OF DELINQUENT PAYMENT AMONG
     Companies with Scores    241-280:  74.6%
     All Firms in D&B's Files:         16.6%

AVERAGE HIGH CREDIT:                  $69,520
HIGHEST CREDIT:                    $2,000,000

# TRADE EXPERIENCES:                      211
PAYDEX SCORE/INDEX - FIRM:                35 - 75 Days Beyond Terms
PAYDEX SCORE/INDEX - INDUSTRY:            73 - 11 Days Beyond Terms

===============================================================================
                           COMMERCIAL CREDIT ANALYSIS

The Credit Score is based on the following prioritized factors in addition to
other information in D&B's files.

  - 28% of trade experiences indicate slow payment(s) are present.
  - Payment experiences exist for this firm which are greater than 60 days past
    due.
  - Payment information indicates negative payment comments.
  - Evidence of open Suit(s), Lien(s) and Judgment(s) in the D&B database.
  - Control age or date entered in D&B files indicates lower risk.
  - D&B files indicate a net worth for this firm of $3,160,644.
  - Business does not own facilities.
  - Quick ratio is 0.6.

Indications of slowness can be the result of disputes over merchandise,
skipped invoices, etc.

Accounts are sometimes placed for collection even though the existence or
amount of the debt is disputed.

The public record items contained in this report may have been paid,
terminated, vacated or released prior to the date this report was printed.

===============================================================================
                                 SPECIAL EVENTS

The following Special Events are present on this case and may not be reflected
in the above score:

07/08/02      On Mar 26, 2001 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.

===============================================================================

  For additional information on this company, you may order other D&B products
  or Investigative Services.

             END OF DUN & BRADSTREET COMMERCIAL CREDIT SCORING REPORT

D&B – Payment Analysis Report 

03-873-2116
804735132
020713
GORMAN MANUFACTURING COMPANY,
         COPYRIGHT 2002 DUN & BRADSTREET INC.
         ALL RIGHTS RESERVED

BUSINESS SUMMARY                       DATE PRINTED: July 16, 2002

D-U-N-S: 80-473-5132                   SIC 27 52 COMMERCIAL PRINTING
GORMAN MANUFACTURING COMPANY, INC
                                       SALES:($)        19,683,736
                                       HISTORY:         CLEAR
                                       CONTROL DATE:    1965
                                       YEAR STARTED:    1965
                                       EMPLOYS:         110
                                       EMPLOYS HERE:    100
492 KOLLER STREET
SAN FRANCISCO, CA 94110                LESLIE SMITH
TEL:  650 555-0000

Evidence of open Suit(s), Lien(s) and Judgment(s) in the D&B database

PAYDEX - Based on most recent 12 mos. trade   35 =  75 Days Beyond Terms
PAYDEX - Based on most recent 90 Days trade   44 =  48 Days Beyond Terms
Payments Within Terms (not dollar weighted)   10%

===============================================================================
PAYMENT TRENDS

PAYDEX scores below are based on dollar weighted trade in most recent 12 mos.

        PRIOR 4 QTRS                      CURRENT 12 MONTHS

        '00 '00 '01 '01   '01 '01 '01 '01 '01 '02 '02 '02 '02 '02 '02 '02
        SEP DEC MAR JUN   AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL

Firm     55  53  51  49    46  42  42  42  40  40  38  36  36  34  34  35

Industry
Quartiles

Upper    79  79  79  79        79          79          79
Median   74  73  73  72        73          73          73
Lower    65  65  63  63        64          64          64

Industry PAYDEX based on:                   KEY TO PAYDEX SCORES:
SIC: 2752                                    79 =   2 Days Beyond Terms
1,075 Firms                                  73 =  11 Days Beyond Terms
                                             34 =  78 Days Beyond Terms

==============================================================================
PUBLIC FILINGS SUMMARY

Currently, there is indication of open suit(s), lien(s), and/or judgment(s)
in D&B's Public Records database:

         Suit(s) 2          Lien(s) 12          Judgment(s) 1

The public record items contained in this report may have been paid,
terminated, vacated or released prior to the date this report was printed.
==============================================================================
BANKING

              (05-01)  Balances average in a low 7 figure amount.  At Dec 31
         2000, a low 7 figure was outstanding under short-term lines of credit
         which are secured by accounts receivable and inventory.

==============================================================================
SPECIAL EVENTS

07/08/02      On Mar 26, 2001 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.

==============================================================================
SUMMARY OF PAYMENT HABITS

DOLLAR RANGE COMPARISONS

SUPPLIERS THAT         NUMBER OF          TOTAL         % OF DOLLAR AMOUNTS
EXTEND CREDIT OF...   EXPERIENCES     DOLLAR AMOUNT     PAID WITHIN TERMS
                           #                $                 %
OVER $100,000              11           4,400,000            25
$50,000 - 99,999            5             330,000            23
$15,000 - 49,999           13             325,000            55
$ 5,000 - 14,999           17             117,500            51
$ 1,000 -  4,999           17              33,500            19
Under $1,000               18               8,000             7

PAYMENT ANALYSIS BY INDUSTRY

There are 211 payment experiences in D&B's file for the most recent 12 months
with 8 experiences reported during the last three month period.

                     TOTAL     DOLLAR   HIGHEST  WITHIN SLOW  SLOW  SLOW  SLOW
                     REC'D     AMOUNT   CREDIT   TERMS  1-30  31-60 61-90 91+
                       #         $          $    -----% of dollar amount------

Total in D&B's File   211   5,828,600  2,000,000

  INDUSTRY
Misc business service   5      19,250     15,000     0     0    13    87     0
Misc business credit    3     302,500    200,000     1     0    99     0     0
Misc equipment rental   3     305,000    200,000    34     0     0    66     0
Whol electrical equip   3      51,000     40,000    99     1     0     0     0
Whol industrial suppl   3       3,050      2,500     2     0    16    82     0
Mfg telephone equip     2   2,050,000  2,000,000     0     2     0    98     0
Nonclassified           2   1,020,000  1,000,000    98     0     2     0     0
Custom programming      2     270,000    250,000     7     0    93     0     0
Personal credit         2     101,000    100,000     0   100     0     0     0
Mechanical contractor   2      27,500     20,000    73     0     0    27     0
Business consulting     2      30,000     20,000    33     0    67     0     0
Ret computer/software   2       3,000      2,500    17    41     0     0    42
Mfg misc metal prdts    2       3,500      2,500    29    71     0     0     0
Misc communictns svcs   2       3,000      2,500     0    17     0    83     0
Electrical contractor   2       1,500      1,000     0     0     0   100     0
Natural gas distrib     1     250,000    250,000     0   100     0     0     0
Mfg distilled liquor    1     100,000    100,000     0     0     0   100     0
Whol furniture          1     100,000    100,000     0     0     0   100     0
Mfg plastics/resins     1      80,000     80,000     0    50     0    50     0
Ret misc merchandise    1      75,000     75,000   100     0     0     0     0
Mfg semiconductors      1      75,000     75,000     0     0     0   100     0
Whol durable goods      1      50,000     50,000     0     0   100     0     0
Whol plumb/hydronics    1      40,000     40,000   100     0     0     0     0
Employment agency       1      35,000     35,000     0     0    50     0    50
Ret mail-order house    1      35,000     35,000    50     0     0     0    50
Misc auto repair        1      30,000     30,000   100     0     0     0     0
Whol metal              1      20,000     20,000     0     0     0   100     0
Whol computers/softwr   1      15,000     15,000   100     0     0     0     0
Misc computer service   1      15,000     15,000     0   100     0     0     0
Mfg spirits             1      10,000     10,000    50    50     0     0     0
Motion picture svcs     1      10,000     10,000     0     0     0   100     0
Theatrical producer     1       7,500      7,500   100     0     0     0     0
State commercial bank   1       7,500      7,500     0     0     0   100     0
Whol medical equip      1       7,500      7,500     0     0     0   100     0
Hvy const eqpt rental   1       7,500      7,500   100     0     0     0     0
Whol brick/stone        1       5,000      5,000     0   100     0     0     0
Utility construction    1       5,000      5,000     0     0     0   100     0
Help supply service     1       5,000      5,000     0     0   100     0     0
Mfg blowers/fans        1       5,000      5,000     0     0     0   100     0
Whol office supplies    1       5,000      5,000   100     0     0     0     0
Mfg misc plastic prdt   1       5,000      5,000   100     0     0     0     0
Whol roof/side/insul    1       5,000      5,000   100     0     0     0     0
Mfg elect. components   1       2,500      2,500     0     0   100     0     0
Whol electronic parts   1       2,500      2,500     0     0   100     0     0
Special trade work      1       2,500      2,500     0     0    50     0    50
Whol chemicals          1       2,500      2,500     0     0    50    50     0
Mfg signs/ad specltys   1       2,500      2,500   100     0     0     0     0
Advertising agency      1       1,000      1,000     0     0     0   100     0
Whol nondurable goods   1       1,000      1,000     0     0     0     0   100
Whol appliances         1         750        750     0     0   100     0     0
Lcl truck-w/o storage   1         500        500     0     0     0   100     0
Whol jewelry            1         500        500     0   100     0     0     0
Land conservation mgt   1         500        500     0     0     0   100     0
Whol lumber/millwork    1         500        500     0     0     0   100     0
Periodical-print/publ   1         500        500     0     0     0   100     0
Whol refrig equip       1         500        500     0     0     0   100     0
Adjust/collect svcs     1         250        250     0     0     0     0   100
College/university      1         100        100     0     0     0   100     0
Insurance agent         1         100        100     0     0     0     0   100
Mfg computers           1           0          0     0     0     0     0     0

OTHER PAYMENT CATEGORIES:

Cash Experiences        0           0          0
Paying Record Unknown  14      90,100     40,000
Unfavorable Comments   13     524,500    250,000
Placed For Collection:
     with D&B           0           0
     other            102         N/A

Highest Now Owing          $2,000,000    Based on all trade
Highest Past Due             $700,000    Based on all trade
Average High Credit           $69,520    Based on industry trade

Indications of slowness can be the result of disputes over merchandise,
skipped invoices, etc.
Accounts are sometimes placed for collection even though the existence or
amount of the debt is disputed.

=============================================================================
CUSTOMER SERVICE

If you need any additional information, would like a credit consultation, or
have any questions, please call our Customer Service Center at (800) 234-3867
from anywhere within the U.S.  From outside the U.S., please call your local
D&B office.

D&B – Supplier Evaluation Report 

03-873-2116
804735132
020713
GORMAN MANUFACTURING COMPANY,
       COPYRIGHT 2002 DUN & BRADSTREET INC. - PROVIDED UNDER CONTRACT

                             SUPPLIER EVALUATION

-------------------------------------------------------------------------------

DUNS: 80-473-5132            DATE PRINTED:               SUMMARY
                             JUL 16 2002                 -------

GORMAN MANUFACTURING COMPANY, INC          CONTROL         1965
                                           SALES F         $19,683,736
492 KOLLER STREET                          NET WORTH F     $3,160,644
SAN FRANCISCO  CA  94110-0000              EMPLOYS         110 TOTAL
TEL:  (650)  555-0000                                      100 HERE

CHIEF EXECUTIVE: LESLIE SMITH              PRIMARY SIC NO. 2752
                                           COMMERCIAL PRINTING

-------------------------------------------------------------------------------

SPECIAL EVENTS
07/08/02      On Mar 26, 2001 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.

-------------------------------------------------------------------------------
                  SUPPLIER RISK SCORE FOR THIS FIRM = 7

SUPPLIER RISK SCORE

            =======================================================

              Lowest Risk                            Highest Risk

                  1    2    3    4    5    6  < 7 >  8    9

            =======================================================

The Supplier Risk Score predicts 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
12 months. The score was calculated using a statistically valid model
derived from D&B's extensive data files.

-------------------------------------------------------------------------------
                         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 was as follows:

     INCIDENCE OF FINANCIAL STRESS:               4.25%  (425 PER 10,000)
     - Supplier Risk Score of 7

     INCIDENCE OF FINANCIAL STRESS:                .80%  (80 PER 10,000)
     - National Average

-------------------------------------------------------------------------------
                         SUPPLIER RISK SCORE ANALYSIS

KEY FINANCIAL COMMENTARY:
  - Payment experiences exist for this firm which are greater than 60 days
    past due.
  - 28% of trade experiences indicate slow payment(s) are present.
  - Payment information indicates negative payment comments.
  - Evidence of open Suit(s), Lien(s) and Judgment(s) in the D&B database.
  - Business does not own facilities.
  - D&B files indicate a net worth of $3,160,644.
  - Age of financial statement suggests potential higher risk of financial
    stress.
  - Age or date entered in the D&B files indicates lower risk.
  - Current liabilities to net worth suggests potential higher risk of
    financial stress.

RISK COMMENTARY
  - Suits, Liens, and/or Judgments are present - see PUBLIC FILINGS section.
  - Sales for the Fiscal year ending DEC, 2000 are Up by 6.0%.
  - Net worth for the Fiscal year ending DEC, 2000 is Up by 6.0%.
  - Average Payments are  75 day(s) beyond terms.
  - Average Industry Payments are  11 day(s) beyond terms.
  - Firm's debts on 102 occasion(s) have been placed for collection as
    reported to Dun & Bradstreet.
  - Fire or other disaster reported - see SPECIAL EVENTS and HISTORY sections.
  - Special events have been reported.
  - UCC Filings present - See PUBLIC FILINGS section.
  - Financing secured - See BANK/PUBLIC FILINGS sections.
  - Operations reported profitable.
  - Financial Appraisal Ranking is 3 based on a scale of 1 (Highest)
    to 4 (Lowest) compared to the industry.  The appraisal is a calculated
    average based on the firm's quartile ranking.
  - Statement prepared by Johnson, Jordan & Jones CPAs.
  - Under present management control 37 years.

-------------------------------------------------------------------------------

FINANCIAL PROFILE
  (Based On A Fiscal Statement Dated Dec. 31, 2000.)

  The Financial Appraisal Ranking of the Supplier = 3
  (Calculated average based upon the supplier's quartile ranking in the
   available ratios.  1 = highest through 4 = lowest)

             PROFITABILITY  SOLVENCY SHORT TERM  EFFICIENCY  DEBT UTILIZATION
             -------------  -------------------  ----------  ----------------
             (Return on     (Current    (Quick    (Assets/    (Total Liab/
              Net Worth)%    Ratio)      Ratio)    Sales)%     Net Worth)%

This Supplier    20.6          1.3        0.6       47.3          194.4

Industry Median  13.5          1.5        1.1       51.1          155.9

Quartile Rank     2            3          4          2              3
 (Supplier)

   Key to Quartile Rank:  1 = top quartile through 4 = bottom quartile.
   Industry norms based upon 24 establishments.

-------------------------------------------------------------------------------

OPERATION
07/08/02      Commercial printing specializing in advertising posters,
         catalogs, circulars and coupons.
              ADDITIONAL TELEPHONE NUMBER(S): Facsimile (Fax) 512 794-7670.
         Has 200 account(s).  Net 30 days.  Sells to commercial concerns.
         Nonseasonal.
              EMPLOYEES:  110 which includes partners.  100 employed here.
              FACILITIES:  Rents premises in a one story cinder block building.
              LOCATION:  Central business section on well traveled street.
              BRANCHES:  Subject maintains a branch at 1073 Boyden Road, Los
         Angeles, CA.

   Standard Industrial Classification (SIC) Summary:
         2752 00 00  Commercial printing, lithographic

-------------------------------------------------------------------------------

HISTORY
07/08/02
         LESLIE SMITH, PRESIDENT            KEVIN J HUNT, SEC-TREAS
         DIRECTOR(S):  THE OFFICER(S) and Corporate details under
         investigation.

         ----------------------------------------------------------------------
                   * * * CORPORATE AND BUSINESS REGISTRATIONS * * *
                        PROVIDED BY MANAGEMENT OR OTHER SOURCE
         ----------------------------------------------------------------------
         The Corporate Details provided below may have been submitted by the
         management of the subject business and may not have been verified with
         the government agency which records such data.

         REGISTERED NAME: Gorman Manufacturing Company, Inc.

         CORPORATION TYPE: PROFIT                 FILING DATE: 05/21/1965
         BUSINESS TYPE: CORPORATION
         REGISTRATION ID #: testcase102

         STATE OF ORGANIZATION (INCORPORATION): CALIFORNIA
         DATE OF ORGANIZATION (INCORPORATION) : 05/21/1965

         WHERE FILED: SECRETARY OF STATE/CORPORATIONS DIVISION, SACRAMENTO, CA

         ----------------------------------------------------------------------

         COMMON STOCK:
         AUTH SHARES - 200

         ----------------------------------------------------------------------

              Corporate details under investigation.
              Business started 1965 by Leslie Smith and Kevin J Hunt.
              LESLIE SMITH born 1926.  Graduated from the University of
         California, Los Angeles, CA, in June 1947 with a BS degree in Business
         Management.  1947-65 general manager for Raymor Printing Co, San
         Francisco, CA.  1965 formed subject with Kevin J Hunt.
              KEVIN J HUNT born 1925.  Graduated from Northwestern University,
         Evanston, IL in June 1946.  1946-1965 was general manager for Raymor
         Printing Co, San Francisco, CA.  1965 formed subject with Leslie
         Smith.
              AFFILIATE: The following is related through common principals,
         management and/or ownership.  Gorman Affiliate Ltd, San Francisco, CA,
         started 1965.  Operates as commercial printer.  Intercompany
         relations: None reported by management.
-------------------------------------------------------------------------------

PUBLIC FILINGS

         The following data is for information purposes only and is not the
         official record.  Certified copies can only be obtained from the
         official source.

-------------------------------------------------------------------------------
                           * * * JUDGMENT(S) * * *
-------------------------------------------------------------------------------
DOCKET NO.: 94CV321
JDGMT AWARD: $100                             STATUS: Unsatisfied
JDGMT TYPE:  Default judgment                 DATE STATUS ATTAINED:  08/13/1996
AGAINST:     GORMAN MANUFACTURING COMPANY,    DATE ENTERED:          08/13/1996
             INC                              LATEST INFO COLLECTED: 03/14/2001
IN FAVOR OF: JOHN SMITH
WHERE FILED: CONTRA COSTA COUNTY SUPERIOR
             COURT/MARTINEZ, MARTINEZ, CA
-------------------------------------------------------------------------------
                             * * * SUIT(S) * * *
-------------------------------------------------------------------------------
DOCKET NO.: 96CV123
SUIT AMOUNT: $1,000                           STATUS: Pending
PLAINTIFF:   JOHN SMITH                       DATE STATUS ATTAINED:  08/13/1996
DEFENDANT:   GORMAN MANUFACTURING COMPANY,    DATE FILED:            08/13/1996
             INC                              LATEST INFO COLLECTED: 02/28/2001
CAUSE:       Civil Rights
WHERE FILED: CONTRA COSTA COUNTY SUPERIOR
             COURT/MARTINEZ, MARTINEZ, CA
-------------------------------------------------------------------------------
DOCKET NO.: SC19951218
SUIT AMOUNT: $20,000                          STATUS: Pending
PLAINTIFF:   DUN & BRADSTREET, BETHLEHEM, PA  DATE STATUS ATTAINED:  12/18/1995
DEFENDANT:   GORMAN MANUFACTURING COMPANY,    DATE FILED:            12/18/1995
             INC                              LATEST INFO COLLECTED: 03/12/2001
CAUSE:       Breach of contract
WHERE FILED: KERN COUNTY MUNICIPAL COURT /
             WEST DISTRICT, BAKERSFIELD, CA
-------------------------------------------------------------------------------
                             * * * LIEN(S) * * *
-------------------------------------------------------------------------------
         A lienholder can file the same lien in more than one filing
         location.  The appearance of multiple liens filed by the
         same lienholder against a debtor may be indicative of such
         an occurrence.
-------------------------------------------------------------------------------
CASE NO.: IN5678
TYPE:     State Tax                           STATUS: Open
FILED BY: State of Ca-Test match Code         DATE STATUS ATTAINED:  12/14/2001
AGAINST:  Gorman Manufacturing Company Inc    DATE FILED:            12/14/2001
WHERE FILED: LOS ANGELES COUNTY RECORDER'S    LATEST INFO RECEIVED:  12/14/2001
             OFFICE, NORWALK, CA
-------------------------------------------------------------------------------
CASE NO.: inn1234
AMOUNT:   $100                                STATUS: Open
TYPE:     State Tax                           DATE STATUS ATTAINED:  12/14/2001
FILED BY: State of CA- test Mtch Code         DATE FILED:            12/14/2001
          (unmatched thru SO)                 LATEST INFO RECEIVED:  12/14/2001
AGAINST:  Gorman Manufacturing Company, Inc
WHERE FILED: LOS ANGELES COUNTY RECORDER'S
             OFFICE, NORWALK, CA
-------------------------------------------------------------------------------
CASE NO.: IN1234
AMOUNT:   $100                                STATUS: Open
TYPE:     State Tax                           DATE STATUS ATTAINED:  12/14/2001
FILED BY: State of Ca-Test Match Code         DATE FILED:            12/14/2001
AGAINST:  Gorman Manufacturing Company, Inc   LATEST INFO RECEIVED:  12/14/2001
WHERE FILED: LOS ANGELES COUNTY RECORDER'S
             OFFICE, NORWALK, CA
-------------------------------------------------------------------------------
CASE NO.: inn5678
TYPE:     State Tax                           STATUS: Open
FILED BY: STATE OF CA- TET MTCH CODE (THRU    DATE STATUS ATTAINED:  12/14/2001
          SO)                                 DATE FILED:            12/14/2001
AGAINST:  GORMAN MANUFACTURING COMPANY, INC   LATEST INFO RECEIVED:  12/14/2001
WHERE FILED: LOS ANGELES COUNTY RECORDER'S
             OFFICE, NORWALK, CA
-------------------------------------------------------------------------------
DOCKET NO.: test1
AMOUNT:   $10                                 STATUS: Released
TYPE:     County Tax                          DATE STATUS ATTAINED:  08/22/2001
FILED BY: Test Record                         DATE FILED:            06/07/2001
AGAINST:  Groman Manufacturing Co Inc         LATEST INFO COLLECTED: 10/29/2001
WHERE FILED: ORLEANS PARISH DISTRICT COURT,
             NEW ORLEANS, LA
-------------------------------------------------------------------------------
DOCKET NO.: s0123
AMOUNT:   $10                                 STATUS: Released
TYPE:     State Tax                           DATE STATUS ATTAINED:  08/22/2001
FILED BY: test 3                              DATE FILED:            06/07/2001
AGAINST:  gorman manufacturing co inc         LATEST INFO COLLECTED: 10/29/2001
WHERE FILED: ORLEANS PARISH DISTRICT COURT,
             NEW ORLEANS, LA
-------------------------------------------------------------------------------
DOCKET NO.: 01-1111
AMOUNT:   $10                                 STATUS: Released
TYPE:     State Tax                           DATE STATUS ATTAINED:  08/22/2001
FILED BY: test 2                              DATE FILED:            06/01/2001
AGAINST:  Gorman Manufacturing co inc         LATEST INFO COLLECTED: 10/29/2001
WHERE FILED: ORLEANS PARISH DISTRICT COURT,
             NEW ORLEANS, LA
-------------------------------------------------------------------------------
BOOK/PAGE: 55/32
AMOUNT:   $10                                 STATUS: Released
TYPE:     County Tax                          DATE STATUS ATTAINED:  08/02/2001
FILED BY: test 4                              DATE FILED:            06/01/2001
AGAINST:  gorman manufacturing co inc         LATEST INFO COLLECTED: 10/29/2001
WHERE FILED: ORLEANS PARISH DISTRICT COURT,
             NEW ORLEANS, LA
-------------------------------------------------------------------------------
FILING NO.: 1145279
TYPE:     State Tax                           STATUS: Open
FILED BY: arizona dept of revenue             DATE STATUS ATTAINED:  10/30/2000
AGAINST:  gorman manufacturing test           DATE FILED:            10/30/2000
WHERE FILED: ORLEANS PARISH DISTRICT COURT,   LATEST INFO RECEIVED:  06/22/2001
             NEW ORLEANS, LA
-------------------------------------------------------------------------------
FILING NO.: 1143348
TYPE:     State Tax                           STATUS: Open
FILED BY: az dept of economic security        DATE STATUS ATTAINED:  10/24/2000
AGAINST:  gorman manufacturing                DATE FILED:            10/24/2000
WHERE FILED: ORLEANS PARISH DISTRICT COURT,   LATEST INFO RECEIVED:  06/22/2001
             NEW ORLEANS, LA
-------------------------------------------------------------------------------

There are 4 Open and/or closed UCC's in Dun & Bradstreet's file that Dun &
Bradstreet has matched to this supplier at this address.  Details are available
by calling 1-800-DNB-DIAL.

The public record items contained in this report may have been paid, terminated
vacated or released prior to the date this report was printed.

There are additional Suits, Liens or Judgments in D&B's file on this supplier
available by contacting 1-800-DNB-DIAL.

-------------------------------------------------------------------------------

FEDERAL GOVERNMENT    (As reported to Dun & Bradstreet by the Federal
                       Government and other sources.)

  Congressional District:  08
                                         Possible Candidate for Socio-Economic
  Activity Summary:                       Program Consideration:

   Borrower (Dir/Guar):     -  NO         Labor Surplus Area:  -  N/A
   Administrative Debt:     -  NO         Small Business:      -  N/A
   Contractor:              -  YES        Women-Owned:         -  N/A
   Grantee:                 -  NO         8(A) Firm:           -  N/A
   Party Excluded from                    Minority Owned:      -  YES (2002)
    Federal Program(s):     -  NO

-------------------------------------------------------------------------------

PAYMENT TRENDS

  SUPPLIER VERSUS INDUSTRY PAYDEX
  -------------------------------

              PRIOR 4 QTRS                  CURRENT 12 MONTH TREND
            '00 --- '01 ---    '01 --- --- --- --- '02 --- --- --- --- --- ---
  Supplier  SEP DEC MAR JUN    AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL
  PAYDEX    55  53  51  49     46  42  42  42  40  40  38  36  36  34  34  35

  Industry (Based on 1,075 establishments in SIC 2752)
  PAYDEX

    UP QRT  79  79  79  79         79          79          79
    MEDIAN  74  73  73  72         73          73          73
    LO QRT  65  65  63  63         64          64          64

  PAYDEX scores are updated daily and are based on up to 13 months of trade
  experiences from the Dun & Bradstreet trade file.

  PAYMENT SUMMARY                                 KEY TO PAYDEX
  ---------------                                 -------------

  Average High Credit:             $65,174     PAYDEX       PAYMENT
  Highest Credit:               $2,000,000     ------       -------
  Placed for Collection:               102      100         ANTICIPATE
  Cash Experience(s):                    -       90         DISCOUNT
  No. of Trade Experience(s):          211       80         PROMPT
                                                 70         SLOW TO 15
                                                 50         SLOW TO 30
                                                 40         SLOW TO 60
                                                 30         SLOW TO 90
                                                 20         SLOW TO 120
                                                 UN         UNAVAILABLE

  Accounts are sometimes placed for collection even though the existence or
  amount of debt may be disputed.

-------------------------------------------------------------------------------
                         SUPPLIER EVALUATION COMPLETE

D&B – Comprehensive Report 

03-873-2116
804735132
020713
GORMAN MANUFACTURING COMPANY,
         COPYRIGHT 2002 DUN & BRADSTREET INC.
         ALL RIGHTS RESERVED

                             COMPREHENSIVE REPORT

Your inquiry on GORMAN MANUFACTURING COMPANY,, 1073 S BOYLE AVE, LOS ANGELES,
CA 90023 is a branch.  Headquarters Comprehensive Report follows.

DUNS: 80-473-5132
GORMAN MANUFACTURING COMPANY,
INC                                     FINANCIAL STRESS CLASS: 4
                                        CREDIT SCORE CLASS:     5
492 KOLLER STREET
AND BRANCH(ES) OR DIVISION(S)                      KEY
SAN FRANCISCO CA 94110                 =============================
TEL: 650 555-0000                      LOWEST RISK      HIGHEST RISK
                                           1    2    3    4    5
SIC:      27 52
LINE OF BUSINESS: COMMERCIAL PRINTING
YEAR STARTED:      1965
CONTROL DATE:      1965                         DATE PRINTED: JUL 16 2002

LESLIE SMITH

===============================================================================
EXECUTIVE SUMMARY

- The Financial Stress Class of 4 for this company shows that during the
  previous year, firms with this classification had a failure rate of
  4.25% (425 per 10,000), which is 5.31 times higher than the national average.
- The Credit Score Class of 5 for this company shows that during the previous
  year, 60.5% of the firms with this classification paid one or more bills
  severely delinquent, which is 3.64 times higher than the national average.
- Subject company pays its bills an average 75 days beyond terms.
- Subject company's industry pays its bills an average 11 days beyond terms.
- Subject company pays its bills slower than the average for its industry.
- Operations are profitable.
- Special events are reported for this business.
- UCC filing(s) are reported for this business.
- Financing is secured.
- Under present management control 37 years.
- Evidence of open Suit(s), Lien(s) and Judgment(s) in the D&B database.
- History is clear.

===============================================================================
CREDIT CAPACITY SUMMARY

D&B Rating:     --                 Payment Activity
                                     (based on 211 experiences):
                                      Average High Credit:    $69,520
# of Employees                        Highest Credit:         $2,000,000
Total:          110                   Total Highest Credits:  $5,828,600
               (100 Here)

As of 12/31/00  Worth:            $3,160,644
                Working Capital:  $1,351,002

===============================================================================
SPECIAL EVENTS

07/08/02      On Mar 26, 2001 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.

===============================================================================
FINANCIAL STRESS SUMMARY

The Financial Stress Model predicts 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 12 months. Scores were
calculated using a statistically valid model derived from D&B's extensive data
files.

 Financial Stress Class:                               4
 (Highest Risk: 5; Lowest Risk: 1)

 Incidence of Financial Stress Among
 Companies with this Classification:                   4.25% (425 per 10,000)

 Incidence of Financial Stress:                        0.80% (80 per 10,000)
 - National Average

 Financial Stress National Percentile:                 3
 (Highest Risk: 1; Lowest Risk: 100)

 Financial Stress Score:                            1316
 (Highest Risk: 1,001; Lowest Risk: 1,850)

The Financial Stress Class for this company is based on the following factors:

   - Payment experiences exist for this firm which are greater than 60 days
     past due.
   - 28% of trade experiences indicate slow payment(s) are present.
   - Payment information indicates negative payment comments.
   - Evidence of open Suit(s), Lien(s) and Judgment(s) in the D&B database.
   - Business does not own facilities.
   - D&B files indicate a net worth of $3,160,644.
   - Age of financial statement suggests potential higher risk of financial
     stress.
   - Age or date entered in the D&B files indicates lower risk.
   - Current liabilities to net worth suggests potential higher risk of
     financial stress.

 Notes:

- 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 necessarily
experience financial stress.

- The Incidence of Financial Stress shows the percentage of firms in a
given Class that discontinued operations over the past year with loss
to creditors.  The Incidence of Financial Stress - National Average
represents the national failure rate and is provided for comparative
purposes.

- The Financial Stress National Percentile reflects the relative
ranking of a company among all scorable companies in D&B's file.

- The Financial Stress Score offers a more precise measure of the level
of risk than the Class and Percentile.  It is especially helpful to
customers using a scorecard approach to determining overall business
performance.

- All Financial Stress Class, Percentile, Score and Incidence
statistics are based on 1997.

===============================================================================
FINANCIAL STRESS NORMS
                                                                      National
Norms for Companies in the Same ...                                  Percentile

     - Region  (PACIFIC)                                                 43

     - Industry: MANUFACTURING                                           58

     - Employee Range (100-499)                                          78

     - Years in Business Range (26+)                                     76

     - Subject Company                                                    3

Key Comparisons
The subject company has a Financial Stress Percentile that shows:

   - Higher risk than other companies in the same region.
   - Higher risk than other companies in the same industry.
   - Higher risk than other companies in the same employee size range.
   - Higher risk than other companies with a comparable number of years in
     business.

===============================================================================
CREDIT SCORE SUMMARY

The Credit Score Class predicts the likelihood of a firm paying in a severely
delinquent manner (90+ Days Past Terms) over the next twelve months.  It was
calculated using statistically valid models and the most recent payment
information in D&B's files.

Credit Score Class:                              5

Incidence of Delinquent Payment Among
Companies with this Classification:             60.50%

Percentile:                                      2

The Credit Score Class for this company is based on the following factors:

  - 28% of trade experiences indicate slow payment(s) are present.
  - Payment experiences exist for this firm which are greater than 60 days past
    due.
  - Payment information indicates negative payment comments.
  - Evidence of open Suit(s), Lien(s) and Judgment(s) in the D&B database.
  - Control age or date entered in D&B files indicates lower risk.
  - D&B files indicate a net worth for this firm of $3,160,644.
  - Business does not own facilities.
  - Quick ratio is 0.6.

Notes:

  - The Incidence of Delinquent Payment is the percentage of companies with
    this classification that were reported 90 days past due or more by
    creditors. The calculation of this value is based on an inquiry weighted
    sample.

  - The Percentile ranks this firm relative to other businesses. For example,
    a firm in the 80th percentile has a lower risk of paying in a severely
    delinquent manner than 79% of all scorable companies in D&B's files.

===============================================================================
CREDIT SCORE NORMS
                                                                      National
Norms for Companies in the Same ...                                  Percentile

     - Region  (PACIFIC)                                                 49

     - Industry: MANUFACTURING                                           51

     - Employee Range (100-499)                                          54

     - Years in Business Range (26+)                                     72

     - Subject Company                                                    2

Key Comparisons
The subject company has a Credit Score Percentile that shows:

   - Higher risk than other companies in the same region.
   - Higher risk than other companies in the same industry.
   - Higher risk than other companies in the same employee size range.
   - Higher risk than other companies with a comparable number of years in
     business.

===============================================================================
PAYMENT TRENDS

PAYDEX scores below are based on dollar weighted trade in most recent 12 mos.

                '00 '00 '01 '01 '01 '01 '01 '01 '01 '02 '02 '02 '02 '02 '02 '02
                SEP DEC MAR JUN AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL

FIRM             55  53  51  49  46  42  42  42  40  40  38  36  36  34  34  35

Industry
Quartiles
----------
Upper            79  79  79  79      79          79          79
Median           74  73  73  72      73          73          73
Lower            65  65  63  63      64          64          64

   Industry PAYDEX based on:       KEY TO PAYDEX SCORES:
   SIC:  2752                        79   2 Days Beyond Terms
   1,075 Firms                       73  11 Days Beyond Terms
                                     34  78 Days Beyond Terms

===============================================================================
SUMMARY OF PAYMENT HABITS

Dollar Range Comparisons:

Suppliers That          Number of        Total       % of Dollars
Extend Credit of...     Experiences:     Amount      Within Terms

                             #             $              %

OVER $100,000               11        4,400,000          25
$50,000 - 99,999             5          330,000          23
$15,000 - 49,999            13          325,000          55
$ 5,000 - 14,999            17          117,500          51
$ 1,000 - 4,999             17           33,500          19
    Under 1,000             18            8,000           7

===============================================================================
PAYMENT ANALYSIS BY INDUSTRY

There are 211 payment experiences in D&B's file for the most recent 12 months,
with 8 experiences reported during the last three month period.

                      Total     Dollar    Highest   Within Slow Slow  Slow Slow
                      Recd      Amount    Credit    Terms  1-30 31-60 61-90 91+
                       #           $         $       --- % of dollar amount ---

Total in D&B's File   211      5,828,600  2,000,000

Industry

Misc business service   5         19,250     15,000     0   0    13   87    0
Misc business credit    3        302,500    200,000     1   0    99    0    0
Misc equipment rental   3        305,000    200,000    34   0     0   66    0
Whol electrical equip   3         51,000     40,000    99   1     0    0    0
Whol industrial suppl   3          3,050      2,500     2   0    16   82    0
Mfg telephone equip     2      2,050,000  2,000,000     0   2     0   98    0
Nonclassified           2      1,020,000  1,000,000    98   0     2    0    0
Custom programming      2        270,000    250,000     7   0    93    0    0
Personal credit         2        101,000    100,000     0 100     0    0    0
Mechanical contractor   2         27,500     20,000    73   0     0   27    0
Business consulting     2         30,000     20,000    33   0    67    0    0
Ret computer/software   2          3,000      2,500    17  41     0    0   42
Mfg misc metal prdts    2          3,500      2,500    29  71     0    0    0
Misc communictns svcs   2          3,000      2,500     0  17     0   83    0
Electrical contractor   2          1,500      1,000     0   0     0  100    0
Natural gas distrib     1        250,000    250,000     0 100     0    0    0
Mfg distilled liquor    1        100,000    100,000     0   0     0  100    0
Whol furniture          1        100,000    100,000     0   0     0  100    0
Mfg plastics/resins     1         80,000     80,000     0  50     0   50    0
Ret misc merchandise    1         75,000     75,000   100   0     0    0    0
Mfg semiconductors      1         75,000     75,000     0   0     0  100    0
Whol durable goods      1         50,000     50,000     0   0   100    0    0
Whol plumb/hydronics    1         40,000     40,000   100   0     0    0    0
Employment agency       1         35,000     35,000     0   0    50    0   50
Ret mail-order house    1         35,000     35,000    50   0     0    0   50
Misc auto repair        1         30,000     30,000   100   0     0    0    0
Whol metal              1         20,000     20,000     0   0     0  100    0
Whol computers/softwr   1         15,000     15,000   100   0     0    0    0
Misc computer service   1         15,000     15,000     0 100     0    0    0
Mfg spirits             1         10,000     10,000    50  50     0    0    0
Motion picture svcs     1         10,000     10,000     0   0     0  100    0
Theatrical producer     1          7,500      7,500   100   0     0    0    0
State commercial bank   1          7,500      7,500     0   0     0  100    0
Whol medical equip      1          7,500      7,500     0   0     0  100    0
Hvy const eqpt rental   1          7,500      7,500   100   0     0    0    0
Whol brick/stone        1          5,000      5,000     0 100     0    0    0
Utility construction    1          5,000      5,000     0   0     0  100    0
Help supply service     1          5,000      5,000     0   0   100    0    0
Mfg blowers/fans        1          5,000      5,000     0   0     0  100    0
Whol office supplies    1          5,000      5,000   100   0     0    0    0
Mfg misc plastic prdt   1          5,000      5,000   100   0     0    0    0
Whol roof/side/insul    1          5,000      5,000   100   0     0    0    0
Mfg elect. components   1          2,500      2,500     0   0   100    0    0
Whol electronic parts   1          2,500      2,500     0   0   100    0    0
Special trade work      1          2,500      2,500     0   0    50    0   50
Whol chemicals          1          2,500      2,500     0   0    50   50    0
Mfg signs/ad specltys   1          2,500      2,500   100   0     0    0    0
Advertising agency      1          1,000      1,000     0   0     0  100    0
Whol nondurable goods   1          1,000      1,000     0   0     0    0  100
Whol appliances         1            750        750     0   0   100    0    0
Lcl truck-w/o storage   1            500        500     0   0     0  100    0
Whol jewelry            1            500        500     0 100     0    0    0
Land conservation mgt   1            500        500     0   0     0  100    0
Whol lumber/millwork    1            500        500     0   0     0  100    0
Periodical-print/publ   1            500        500     0   0     0  100    0
Whol refrig equip       1            500        500     0   0     0  100    0
Adjust/collect svcs     1            250        250     0   0     0    0  100
College/university      1            100        100     0   0     0  100    0
Insurance agent         1            100        100     0   0     0    0  100
Mfg computers           1              0          0     0   0     0    0    0

OTHER PAYMENT CATEGORIES:
Cash Experiences        0              0
Paying Record Unknown  14         90,100
Unfavorable Comments   13        524,500
Placed for Collection
  with D&B              0              0
  other               102            N/A

Accounts are sometimes placed for collection even though the existence or
amount of the debt is disputed.
Indications of slowness can be the result of disputes over merchandise, skipped
invoices, etc.

===============================================================================
PUBLIC FILINGS SUMMARY

The following data includes both open and closed filings found in
D&B's database on the subject company.

                                                       Most Recent
            Record Type                    #           Filing Date

     Bankruptcy Proceedings                0                -
     Judgments                             1            08/13/1996
     Liens                                17            12/14/2001
     Suits                                 2            08/13/1996
     UCC's                                 4            08/01/2001

===============================================================================
PUBLIC FILINGS DETAIL

         The following data is for information purposes only and is not the
         official record.  Certified copies can only be obtained from the
         official source.

-------------------------------------------------------------------------------
                           * * * JUDGMENT(S) * * *
-------------------------------------------------------------------------------
DOCKET NO.: 94CV321
JDGMT AWARD: $100                             STATUS: Unsatisfied
JDGMT TYPE:  Default judgment                 DATE STATUS ATTAINED:  08/13/1996
AGAINST:     GORMAN MANUFACTURING COMPANY,    DATE ENTERED:          08/13/1996
             INC                              LATEST INFO COLLECTED: 03/14/2001
IN FAVOR OF: JOHN SMITH
WHERE FILED: CONTRA COSTA COUNTY SUPERIOR
             COURT/MARTINEZ, MARTINEZ, CA
-------------------------------------------------------------------------------
                             * * * SUIT(S) * * *
-------------------------------------------------------------------------------
DOCKET NO.: 96CV123
SUIT AMOUNT: $1,000                           STATUS: Pending
PLAINTIFF:   JOHN SMITH                       DATE STATUS ATTAINED:  08/13/1996
DEFENDANT:   GORMAN MANUFACTURING COMPANY,    DATE FILED:            08/13/1996
             INC                              LATEST INFO COLLECTED: 02/28/2001
CAUSE:       Civil Rights
WHERE FILED: CONTRA COSTA COUNTY SUPERIOR
             COURT/MARTINEZ, MARTINEZ, CA
-------------------------------------------------------------------------------
DOCKET NO.: SC19951218
SUIT AMOUNT: $20,000                          STATUS: Pending
PLAINTIFF:   DUN & BRADSTREET, BETHLEHEM, PA  DATE STATUS ATTAINED:  12/18/1995
DEFENDANT:   GORMAN MANUFACTURING COMPANY,    DATE FILED:            12/18/1995
             INC                              LATEST INFO COLLECTED: 03/12/2001
CAUSE:       Breach of contract
WHERE FILED: KERN COUNTY MUNICIPAL COURT /
             WEST DISTRICT, BAKERSFIELD, CA
-------------------------------------------------------------------------------
                             * * * LIEN(S) * * *
-------------------------------------------------------------------------------
         A lienholder can file the same lien in more than one filing
         location.  The appearance of multiple liens filed by the
         same lienholder against a debtor may be indicative of such
         an occurrence.
-------------------------------------------------------------------------------
CASE NO.: IN5678
TYPE:     State Tax                           STATUS: Open
FILED BY: State of Ca-Test match Code         DATE STATUS ATTAINED:  12/14/2001
AGAINST:  Gorman Manufacturing Company Inc    DATE FILED:            12/14/2001
WHERE FILED: LOS ANGELES COUNTY RECORDER'S    LATEST INFO RECEIVED:  12/14/2001
             OFFICE, NORWALK, CA
-------------------------------------------------------------------------------
CASE NO.: inn1234
AMOUNT:   $100                                STATUS: Open
TYPE:     State Tax                           DATE STATUS ATTAINED:  12/14/2001
FILED BY: State of CA- test Mtch Code         DATE FILED:            12/14/2001
          (unmatched thru SO)                 LATEST INFO RECEIVED:  12/14/2001
AGAINST:  Gorman Manufacturing Company, Inc
WHERE FILED: LOS ANGELES COUNTY RECORDER'S
             OFFICE, NORWALK, CA
-------------------------------------------------------------------------------
CASE NO.: IN1234
AMOUNT:   $100                                STATUS: Open
TYPE:     State Tax                           DATE STATUS ATTAINED:  12/14/2001
FILED BY: State of Ca-Test Match Code         DATE FILED:            12/14/2001
AGAINST:  Gorman Manufacturing Company, Inc   LATEST INFO RECEIVED:  12/14/2001
WHERE FILED: LOS ANGELES COUNTY RECORDER'S
             OFFICE, NORWALK, CA
-------------------------------------------------------------------------------
CASE NO.: inn5678
TYPE:     State Tax                           STATUS: Open
FILED BY: STATE OF CA- TET MTCH CODE (THRU    DATE STATUS ATTAINED:  12/14/2001
          SO)                                 DATE FILED:            12/14/2001
AGAINST:  GORMAN MANUFACTURING COMPANY, INC   LATEST INFO RECEIVED:  12/14/2001
WHERE FILED: LOS ANGELES COUNTY RECORDER'S
             OFFICE, NORWALK, CA
-------------------------------------------------------------------------------
DOCKET NO.: test1
AMOUNT:   $10                                 STATUS: Released
TYPE:     County Tax                          DATE STATUS ATTAINED:  08/22/2001
FILED BY: Test Record                         DATE FILED:            06/07/2001
AGAINST:  Groman Manufacturing Co Inc         LATEST INFO COLLECTED: 10/29/2001
WHERE FILED: ORLEANS PARISH DISTRICT COURT,
             NEW ORLEANS, LA
-------------------------------------------------------------------------------
DOCKET NO.: s0123
AMOUNT:   $10                                 STATUS: Released
TYPE:     State Tax                           DATE STATUS ATTAINED:  08/22/2001
FILED BY: test 3                              DATE FILED:            06/07/2001
AGAINST:  gorman manufacturing co inc         LATEST INFO COLLECTED: 10/29/2001
WHERE FILED: ORLEANS PARISH DISTRICT COURT,
             NEW ORLEANS, LA
-------------------------------------------------------------------------------
DOCKET NO.: 01-1111
AMOUNT:   $10                                 STATUS: Released
TYPE:     State Tax                           DATE STATUS ATTAINED:  08/22/2001
FILED BY: test 2                              DATE FILED:            06/01/2001
AGAINST:  Gorman Manufacturing co inc         LATEST INFO COLLECTED: 10/29/2001
WHERE FILED: ORLEANS PARISH DISTRICT COURT,
             NEW ORLEANS, LA
-------------------------------------------------------------------------------
BOOK/PAGE: 55/32
AMOUNT:   $10                                 STATUS: Released
TYPE:     County Tax                          DATE STATUS ATTAINED:  08/02/2001
FILED BY: test 4                              DATE FILED:            06/01/2001
AGAINST:  gorman manufacturing co inc         LATEST INFO COLLECTED: 10/29/2001
WHERE FILED: ORLEANS PARISH DISTRICT COURT,
             NEW ORLEANS, LA
-------------------------------------------------------------------------------
FILING NO.: 1145279
TYPE:     State Tax                           STATUS: Open
FILED BY: arizona dept of revenue             DATE STATUS ATTAINED:  10/30/2000
AGAINST:  gorman manufacturing test           DATE FILED:            10/30/2000
WHERE FILED: ORLEANS PARISH DISTRICT COURT,   LATEST INFO RECEIVED:  06/22/2001
             NEW ORLEANS, LA
-------------------------------------------------------------------------------
FILING NO.: 1143348
TYPE:     State Tax                           STATUS: Open
FILED BY: az dept of economic security        DATE STATUS ATTAINED:  10/24/2000
AGAINST:  gorman manufacturing                DATE FILED:            10/24/2000
WHERE FILED: ORLEANS PARISH DISTRICT COURT,   LATEST INFO RECEIVED:  06/22/2001
             NEW ORLEANS, LA
-------------------------------------------------------------------------------
                           * * * UCC FILING(S) * * *
-------------------------------------------------------------------------------
COLLATERAL: All Inventory including proceeds and products - All Account(s)
            including proceeds and products - All Chattel paper including
            proceeds and products - All General intangibles(s) including
            proceeds and products - and OTHERS
FILING NO:  000730                            DATE FILED:            07/31/2001
TYPE:       Original                          LATEST INFO RECEIVED:  09/13/2001
SEC. PARTY: PEOPLE'S SAVINGS BANK OF          FILED WITH: SECRETARY OF
            BROCKTON, NEW BEDFORD, MA                     STATE/UCC DIVISION,
DEBTOR:     TARSAGIAN VICTORIA S.                         RI
-------------------------------------------------------------------------------
COLLATERAL: All Inventory including proceeds and products - All Accounts
            receivable including proceeds and products - All Fixtures including
            proceeds and products
FILING NO:  123456                            DATE FILED:            10/05/1998
TYPE:       Original                          LATEST INFO RECEIVED:  04/11/2001
SEC. PARTY: ABC COMPANY                       FILED WITH: SECRETARY OF
DEBTOR:     GORMAN MANUFACTURING COMPANY,                 STATE/UCC DIVISION,
            INC                                           CA
-------------------------------------------------------------------------------
COLLATERAL: Equipment - Fixtures
FILING NO:  000758                            DATE FILED:            08/01/2001
TYPE:       Original                          LATEST INFO RECEIVED:  09/13/2001
SEC. PARTY: WELLS FARGO FINANCIAL, EAST       FILED WITH: SECRETARY OF
            PROVIDENCE, RI                                STATE/UCC DIVISION,
DEBTOR:     REED ROBERT                                   RI
-------------------------------------------------------------------------------
COLLATERAL: Specified Equipment and products
FILING NO:  222222                            DATE FILED:            10/06/1998
TYPE:       Original                          LATEST INFO RECEIVED:  04/11/2001
SEC. PARTY: XYZ COMPANY                       FILED WITH: SECRETARY OF
DEBTOR:     GORMAN MANUFACTURING COMPANY,                 STATE/UCC DIVISION,
            INC                                           CA
-------------------------------------------------------------------------------

         There are additional suits, liens, or judgments in D&B'S
         file on this company available by contacting 1-800-234-3867.

         The public record items contained in this report may have been
         paid, terminated, vacated or released prior to the date this
         report was printed.

===============================================================================
BUSINESS BACKGROUND

                                     HISTORY
         ----------------------------------------------------------------------

         The Corporate Details provided below may have been submitted by the
         management of the subject business and may not have been verified with
         the government agency which records such data.

         BUSINESS TYPE: Corporation -       DATE INCORPORATED: 05/21/1965
                        Profit              STATE OF INCORP:   California

         AUTH SHARES-COMMON:  200
         ----------------------------------------------------------------------
07/08/02
         LESLIE SMITH, PRESIDENT            KEVIN J HUNT, SEC-TREAS
         DIRECTOR(S):  THE OFFICER(S) and Corporate details under
         investigation.

              Corporate details under investigation.
              Business started 1965 by Leslie Smith and Kevin J Hunt.
              LESLIE SMITH born 1926.  Graduated from the University of
         California, Los Angeles, CA, in June 1947 with a BS degree in Business
         Management.  1947-65 general manager for Raymor Printing Co, San
         Francisco, CA.  1965 formed subject with Kevin J Hunt.
              KEVIN J HUNT born 1925.  Graduated from Northwestern University,
         Evanston, IL in June 1946.  1946-1965 was general manager for Raymor
         Printing Co, San Francisco, CA.  1965 formed subject with Leslie
         Smith.
              AFFILIATE: The following is related through common principals,
         management and/or ownership.  Gorman Affiliate Ltd, San Francisco, CA,
         started 1965.  Operates as commercial printer.  Intercompany
         relations: None reported by management.

                                    OPERATIONS

07/08/02      Commercial printing specializing in advertising posters,
         catalogs, circulars and coupons.
              ADDITIONAL TELEPHONE NUMBER(S): Facsimile (Fax) 512 794-7670.
         Has 200 account(s).  Net 30 days.  Sells to commercial concerns.
         Nonseasonal.
              EMPLOYEES:  110 which includes partners.  100 employed here.
              FACILITIES:  Rents premises in a one story cinder block building.
              LOCATION:  Central business section on well traveled street.
              BRANCHES:  Subject maintains a branch at 1073 Boyden Road, Los
         Angeles, CA.

                             OTHER CORPORATE DETAILS

STATE ID NO:       testcase102

===============================================================================
BANKING RELATIONSHIPS REPORTED

              (05-01)  Balances average in a low 7 figure amount.  At Dec 31
         2000, a low 7 figure was outstanding under short-term lines of credit
         which are secured by accounts receivable and inventory.

===============================================================================
FINANCIAL SUMMARY

                           KEY BUSINESS RATIOS

         Based on Fiscal Consolidated Statement Dated December 31, 2000

                  (Industry Norms Based on 24 Establishments)

          Profitability       Short-Term        Efficiency         Utilization
                %             Solvency             (%)                 (%)
          Return   Return    Curr   Quick    Assets/  Sales/      Total Liabs/
         on Sales  on Net    Ratio  Ratio     Sales  Net working    Net Worth
                   Worth                               Capital

Firm        3.3     20.6      1.3    0.6      47.3       14.6        194.4

Industry    3.5     13.5      1.5    1.1      51.1        9.5        155.9
Median

Industry    3        2        3      4         2          1            3
Quartile

                             FINANCIAL INFORMATION

07/08/02                           Fiscal            Fiscal            Fiscal
                              Dec 31 1998       Dec 31 1999       Dec 31 2000
         Curr Assets            5,735,650         6,022,432         6,383,778
         Curr Liabs             4,521,811         4,747,902         5,032,776
         Current Ratio               1.26              1.27              1.27
         Working Capital        1,213,839         1,274,530         1,351,002
         Other Assets           2,623,143         2,754,300         2,920,416
         Worth                  2,838,982         2,980,930         3,160,644
         Sales                 17,685,297        18,569,562        19,683,736
         Long Term Liab           998,000         1,047,900         1,110,774
         Net Profit (Loss)        584,077           613,280           650,077
              Fiscal statement dated DEC 31 2000:
         Cash               $       829,185  Accts Pay          $     2,845,063
         Accts Rec                2,020,011  Bank Loans               1,012,830
         Inventory                1,670,307  Notes Pay                  445,200
         Other Curr Assets        1,864,275  Other Curr Liabs           729,683
                            ---------------                     ---------------
           Curr Assets            6,383,778    Curr Liabs             5,032,776

         Fixt & Equip             2,212,435  L.T. Liab-Other          1,110,774
         Other Assets               707,981  COMMON STOCK                50,000
                                             RETAINED EARNINGS        3,110,644
                            ---------------                     ---------------
           Total Assets           9,304,194    Total                  9,304,194
              From JAN 01 2000 to DEC 31 2000 annual sales
         $19,683,736; cost of goods sold $15,837,499.  Gross profit
         $3,846,237; operating expenses $3,196,160.  Operating income
         $650,077.  Net income $650,077.
              Submitted MAY 18 2001 by Leslie Smith, president.  Accountant:
         Johnson, Jordan & Jones CPAs.
              ACCOUNTANTS OPINION:  A review of the accountant's opinion
         indicates the financial statements meet generally accepted accounting
         principles and that the audit contains no qualifications.
                                        --0--

              .            ...... BALANCE SHEET EXPLANATIONS ......          .
              OTHER CURRENT ASSETS: Consist of prepaid expenses and a loan
         receivable.
              OTHER ASSETS: Consists of deposits.
              BANK LOANS: Due to the bank at prime interest rate, are secured
         by accounts receivable and inventory and will mature in 3 years.
              NOTES PAYABLE: Due on printing equipment.
              OTHER CURRENT LIABILITIES: Consist of accrued expenses and taxes.
              LONG TERM DEBT: Consists of the long term portion of the
         equipment note.
              On July 2, 2002, Test Test, CEO, confirmed company name, address,
         principals, annual sales and operational information using Dun &
         Bradstreet's Internet-based update method (eUpdate) at www.dnb.com.

===============================================================================
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