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HomeMy WebLinkAboutHandouts_Regular_10/11/2006~D&B Business Information Report: FLORIDA DESIGN CONTRACTORS INC Page 1 of $ .,: I7ecidevwith[onfidence Business Information Report Print this_Repo.rt Report Printed: OCT 11 2006 In Date BUSINESS SUMMARY FLORIDA DESIGN CONTRACTORS INC 1326 S Killian Dr (lake Park) West Palm Beach, FL 33403 Rating Change This is a single location. Web site: www.floridadesigncontractors.com Telephone: 561 845-1233 Chief THOMAS H CLARKE, PRES executive: Year started: 1992 Employs: 30 Financial DEC 31 2005 statement date: Sales F: $8,944,181 Net worth F: $1,682,083 History: CLEAR Financing: SECURED Financial GOOD condition: SIC: 1623 Line of Water/wastewater treatment plant business: construction and general contractors SUMMARY ANALYSIS D-U-N-S Number: 86-716-6563 D&B Rating: 3A2 Formerly 3A1 Financial strength: 3A is $1 to 10 million. Composite credit 2 is good. appraisal: D8c6 PAYDEX®: . ___ _.~__.. _ ._ ~._._r_. _ _ _ __~___ ____. 12-Month D&B PAYDEX: 66 When weighted by dollar amount, payments to suppliers average 19 days beyond terms. ~ © aso High Risk Loyv Risk Based on trade collected over last 12 months. D8c6 Rating: 3A2 Financial strength: 3A indicates $1 to 10 million. Composite credit appraisal: 2 is good. The Rating was changed on March 29, 2006 because D&B's analysis of the financial statement supports a lower Rating. This credit rating was assigned because of D&B's assessment of the company's financial ratios and its cash http://smallbusiness.dnb.com/credit-reports/business-information-report.asp?ty... 10/11/2006 9002/TT/Ot "'~,dse•~odaa-uoi~ew.IO~ui-ssaulsnq/s~!odaa-~ipaa~/uaorqup•ssauisnq~~ews//:day JNI 'S210.LOH~ilN00 N9IS30 HoRlOl3 :aweN papa;sl6ab ~900Z 80 d3S d0 Sd 302if10S lt/IOI3d0 213H10 210 31t/1S 30 .121H132103S 3Hl .l9 a31210d321 SNOIl`d2l1SI~J321 SS3NISn9 ONV 31t12iOd2iOJ Nt}Ilt!?11SI'J3ii SS3NISn8 a~ay an!;oe ';uasa~d oa Z66T ~3JN3RI3dX3 ~f210M '8S6I woq 1100S3 NNd OC •~d 'yoea9 wled y~oN 'salel0 IS 'ao~~a~la aaueua~uleW 'Z86T-9L6i 'a~ay anltoe ';uasa~d o; Z66T ~3JN3I2i3dX3 ~I210M 'S56I woo 3~I21t/l0 H SbWOHl 'a~aelJ H sewoyl ~q pauMO s! loo;s le;!deo ~o %OOT 'a~lael0 H sewoyl ~q Z66T pa~eas ssaulsnq i66I 't ~aqo;o0 uo -ld u! pa;eaod~ooul /~uedwo0 ~S)213JIddO 3H1 :(S)210113~lI~ S321d ~ '1100S3 NNV OC S32id '3~12ib'lJ H StfWOHl :(s)ae~l;;O 9002/6Z/£0 pa;~oda~ seen uollew~o~ul 6ulMOpo~ ayl A2lO1SIH '150 Wd OO~L oa Wd 0£~L '~eP!~d nayl ~(epuoW 'SOSO-£££-008-T aa~I-llo; Iieo'~IToaalp sue!o!uyoa; ~oddns ~agwaw mo ~o auo ya!nn Meads o; a~lll p,no~( II worqup u~~oddnssgs }e suolTsanb anon( ytlM sn llewa oa a.aay doll •~(enne Ileo auoyd ~o Rollo asnow a ,(luo sl sueloluyoa; ~oddns ~(lpuau~ ~o weal pa;eolpap an0 Iwalgad oN isaoln~as ssaulsnq Ilews mo ~o auo 6ulsn dlay paaN ~suolanloS ssaulsnq llewg g~80 anoge uoltsanb a aog ~~Inbas aawolsn~ '9002 '6 ~agoto0 ~o se aly s,g~ga u! uolTew~o~u! saoagaa uolloas sls~(leuy tiewwnS ayl 56/0£/£0 b°J9 S6/6T/b0 £9J 96/6T/b0 £98 L6/ZT/b0 £q0 86/b0/£0 £dq ZO/b0/TO Zbq £0/£i/£0 Zb'Z b0/8t/£0 Zd£ SO/ZZ/£0 It/£ 90/6Z/£0 Zt!£ pailddd a;ea 6ul;ea B~gQ 56/0£/£0 souls iGo;sly 6ulTe~ s,~tuedwoo ay; ~o nna-n~ano ue sl Molaq ~~(a~{ 6u1Te21 g~gd ayT ass 'uolTew~o~ul avow god 'nnol~ g ~o Z abed ~NI S2i01~d2i1N0~ NJIS3a `ddI2~Ol~ :~oda~ uoi~ewao,~ul ssauisn8 9'8a D&B Business Information Report: FLORIDA DESIGN CONTRACTORS INC Page 3 of 8 Business type: Corporation type: Date incorporated: State of incorporation: Filing date: Registration ID: Federal ID: Status: Where filed: Registered agent: Principals: OPERATIONS 03/29/2006 Description: Employees: Facilities: Location: SIC &NAICS DOMESTIC CORPORATION PRO FIT OCT 01 1991 FLORIDA OCT 01 1991 S84434 650306966 ACTIVE STATE DEPARTMENT/CORPORATION DIVISION, TALLAHASSEE, FL THOMAS CLARKE, 1326 S. KILLIAN DR., LAKE PARK, FL, 334030000 CLARKE, THOMAS H., P, 10288 ALLAMANDA BLVD., PALM BCH. GARDENS, FL, 334100000 JO-ANN ESCOTT, VS, 1326 S KILLIAN DR, LAKE PARK, FL Contractor of water, sewer and utility lines, specializing in water mains {100%). Contractor specializing in water, waste water and utilities. Terms are net 30 days. Sells to Municipalities. Nonseasonal. 30 which includes officer(s). Rents 5,000 sq. ft. on 2nd floor of a two story concrete block building. Industrial section on side street. SIC: Based on information in our file, D&B has assigned this company an extended 8-digit SIC. D&B's use of 8-digit SICs enables us to be more specific to a company's operations than if we use the standard 4-digit code. The 4-digit SIC numbers link to the description on the Occupational Safety & Health Administration (OSHA) Web site. Links open in a new browser window. 16230303 Water main construction D&B PAYDEX NAICS: 237110 Water and Sewer Line and Related Structures Construction The D&B PAYDEX is a unique, dollar weighted indicator of payment performance based on up to 27 payment experiences as reported to D&B by trade references. 3-Month D8c6 PAYDEX: 63 ;When weighted by dollar amount, payments to suppliers average 20 days beyond terms. 12 Month D&B PAYDEX: ~!~ When weighted by dollar amount, payments to !suppliers average 19 days beyond terms. http://smallbusiness.dnb.com/credit-reports/business-information-report.asp?ty... 10/11/2006 ,D&B Business Information Report: FLORIDA DESIGN CONTRACTORS INC Page 4 of 8 0 r7 {~ ~ 100 High Risk Low iti3k High Risk E+oNw Risk Based on trade collected over last 3 months. Based on trade collected over last 12 months. When dollar amounts are not considered, then approximately 95% of the company's payments are within terms. PAYMENT SUMMARY The Payment Summary section reflects payment information in D&e's file as of the date of this report. Below is an overview of the company's dollar-weighted payments, segmented by its suppliers' primary industries: Total Total Dollar Largest High , Within Days Slow Rcv'd Amts Credit ': Terms <31 31-60 61-90 90> Top industries: Short-trm busn credit 5 81,250 : 40,000 100 - - - Mfg pumping equipment 2 ' 90,000 75,000 17 ` 41 ', - - 42 Mfg paint/allied prdt 2 ` 1,000 - 500 100 ', - - - - Hvy const egpt rental 1 10,000 ` 10,000 100 - - - - Whol industrial equip 1 ? 10,000 10,000 100 - - - - Mfg hydraulic cement 1 ', 5,000 , 5,000 ' 100 - - - - Accounting services 1 ' 2,500 2,500 ' 100 - - - Whol metal 1 2,500 2,500 ' 100 - - - Gas service station 1 1,000 : 1,000 ' 100 - - - - Whol const/mine equip 1 750 ` 750 ' 100 - - - - OTHER INDUSTRIES 10 1,300 250 ' 100 - - - - Other payment categories: Cash experiences 0'! 0 0 Payment record unknown 1 5,000 5,000 Unfavorable comments 0 0 0 Placed for collections: With D&B 0 0 Other 0 ' N/A Total in D&B's file 27 210,300 75,000 The highest Now Owes on file is $35,000 The highest Past Due on file is $0 The aggregate dollar amount of the 27 payment experiences in D&B's file equals 28.2% of this company's average monthly sales. In Dun & Bradstreet's opinion, payment experiences exceeding 10% of a company's average monthly sales can be considered representative of payment performance. PAYMENT DETAILS Detailed Payment History http://smallbusiness.dnb.com/credit-reports/business-information-report.asp?ty... 10/11/2006 D&B Business Information Report: FLORIDA DESIGN CONTRACTORS INC Page 5 of 8 Date Reported .Paying Record High Credit ! __ Now Owes' Past Due __ _ Selling Terms _ __. Last Sa e (mm/YY) ($) (S) ($) Within (months) _. 09/06 Ppt 40,000 20,000 0 1 mo Ppt 20,000 ' 7,500 ' 0 1 mo Ppt 20,000 ' 5,000 ', 0 1 mo ', Ppt 15,000 0 0 2-3 mos Ppt 2,500 ' 500 Lease Agreemnt Ppt 1,000 0', 0 N15 1 mo ppt 500 ', 0 0 N30 6-12 mos Ppt 500 ! 500 ; 0 1 mo Slow 30-90+ 75,000 35,000 0 1 mo 08/06 ' Ppt 2,500 ' 0 ' 0 6-12 mos Ppt 750 0 ' 0 2-3 mos ppt 750 250. 0 ' 1 mo Ppt 500 ' 0 0 2-3 mos Ppt 250 0 0 4-5 mos Ppt 250 0 0 4-5 mos Ppt 100 0 ', 2-3 mos Ppt 50 ' 0 ! 0 6-12 mos 07/06 Ppt 100 6-12 mos 06/06 ' Ppt ', 10,000 ' 10,000 ! 0 1 mo Ppt 10,000 ' 10,000'. 0 1 mo Ppt 250 ! 250 ' 1 mo (022) 5,000 ! 5,000 ' 0 N30 1 mo 04/06 Ppt 5,000 I 5,000 0 i mo 11/05 Ppt 0 0 0 ' 6-12 mos ppt p . 0 ' 0 '! 6-12 mos 09/05 Ppt 250 ` 0 '; 0 6-12 mos 06/05 ', Ppt 50 ! 0 0 ! 6-12 mos Payment experiences reflect how bills are met in relation to the terms granted. In some instan ces payment beyond terms can be the result of disputes over merchandise, skipped invoices etc. Each experience shown is from a separate supplier. Updated trade experiences replace those previously reported. FINANCE 03/29/2006 Three-year statement comparative: Fiscal Fiscal Fiscal -: Dec 31 2003 Dec 31 2004 Dec 31 2005 Current Assets 2,407,897 2,049,750 2,951,907!... !Current Liabs 1,255,670 789,788 1,348,254': 'Current Ratio 1.92 2.6 2.19 Working Capital 1,152,227 1,259,962 1,603,653' Other Assets 194,844 184,119 171,715', Net Worth 1,251,569 1,346,063 1,682,083`. 'Sales 9,154,252 8, 727,829 8,944,181 '.Long Term Liab 95,502 98,018 93,285.; Net Protit (Loss) 664,642 6,985,451 828,767'; http://smallbusiness.dnb.com/credit-reports/business-information-report.asp?ty... 10/11/2006 D&B Business Information Report: FLORIDA DESIGN CONTRACTORS INC Fiscal statement dated DEC 31 2005: Assets Cash 1,020,019 Accts Rec 1,785,962 Other Curr Assets 145,926 Curr Assets `2,951,907 Fixt & Equip 170,675 Deposits 1,040 Total Assets X3,123,622 Liabilities Accts Pay Accruals L.T. Liab-(iyr) Other Curr Liabs Curr Liabs L.T. Liab-Other COMMON STOCK ADDIT. PD.-IN CAP RETAINED EARNINGS Total Page 6 of 8 1,213,788 7,276 69,296 57,894 ;1,348,254 93, 285 100 385,000 1,296,983 X3,123,622 From JAN 01 2005 to DEC 31 2005 sales $8,944,181; cost of goods sold $7,365,945. Gross profit $1,578,236; operating expenses $760,418. Operating income $817,818; other income $10,949. Net income $828,767. Prepared from statement(s) by Accountant: D. Erickson, CPA, West Palm Beach, FL. ACCOUNTANT'S OPINION The financial statement was reviewed by the accountant. On March 22, 2006, Jo Ann Escott, Secretary, confirmed company name, address, principals, annual sales and operational information using Dun & Bradstreet's Internet-based update method (eUpdate) at www.dnb.com. KEY BUSINESS RATIOS Statement date: DEC 31 2005 Based on this number of establishments: 153 Firm Industry Median Return of Sales: 9.3 Return of Sales: 4.1 Current Ratio: 2.2 Current Ratio: 1.8 Assets /Sales: 34.9 Assets /Sales: 45.6 Total Liability /Net Worth: 85.7 Total Liability /Net Worth: 78.5 BANKING Republic Security PUBLIC FILINGS The following Public Filing data is for information purposes only and is not the offlclal record. Certified copies can only be obtained from the official source. UCC FILINGS Collateral: All Negotiable instruments including proceeds and products -All Inventory including proceeds and products -All Accounts receivable Including proceeds and products -All Account(s) including proceeds and products -and OTHERS Type: Original Sec. party: WACHOVIA BANK, WINSTON-SALEM, NC Debtor: FLORIDA DESIGN CONTRACTORS, INC. http://smallbusiness.dnb.com/credit-reports/business-information-report.asp?ty... 10/11/2006 , D&B Business Information Report: FLORIDA DESIGN CONTRACTORS INC Page 7 of 8 Filing number: 200200403204 Filed with: SECRETARY OF STATE/UCC DIVISION, TALLAHASSEE, FL Date filed: 02/19/2002 Latest Info Received: 05/02/2002 Collateral: Ail Inventory including proceeds and products -All Account(s) including proceeds and products -All General intangibles(s) including proceeds and products -All Chattel paper including proceeds and products -and OTHERS Type: Original Sec. party: REPUBLIC SECURITY BANK, WEST PALM BCH, FL Debtor: FLORIDA DESIGN CONTRACTORS INC Filing number: 200000197219 Filed with: SECRETARY OF STATE/UCC DIVISION, TALLAHASSEE, FL Date filed: 08/28/2000 Latest Info Received: 09/22/2000 Collateral: All Inventory and proceeds -All Account(s) and proceeds -All General intangibles (s) and proceeds -Ail Chattel paper and proceeds -Ail Equipment and proceeds Type: Original Sec. party: WACHOVIA BANK NATIONAL ASSOCIATION, CHARLOTTE, NC Debtor: FLORIDA DESIGN CONTRACTORS INC Filing number: 20060253950X Filed with: SECRETARY OF STATE/UCC DIVISION, TALLAHASSEE, FL Date filed: 05/02/2006 Latest Info Received: 05/17/2006 Collateral: Equipment Type: Original Sec. party: KOMATSU FINANCIAL LIMITED PARTNERSHIP, DOWNERS GROVE, IL KOMATSU FINANCIAL LIMITED PARTNERSHIP, DOWNERS GROVE, IL Debtor: FLORIDA DESIGN CONTRACTORS INC and OTHERS Filing number: 200602099631 Filed with: SECRETARY OF STATE/UCC DIVISION, TALLAHASSEE, FL Date filed: 03/13/2006 Latest Info Received: 03/21/2006 Collateral: Equipment Type: Original Sec. party: WACHOVIA BANK, NATIONAL ASSOCIATION, CHARLOTTE, NC Debtor: FLORIDA DESIGN CONTRACTORS, INC. Filing number: 200509750816 Filed with: SECRETARY OF STATE/UCC DIVISION, TALLAHASSEE, FL Date filed: 05/23/2005 Latest Info Received: 06/02/2005 Collateral: Equipment Type: Original Sec. party: WACHOVIA BANK NATIONAL ASSOCIATION, CHARLOTTE, NC Debtor: FLORIDA DESIGN CONTRACTORS INC Filing number: 200305244068 Filed with: SECRETARY OF STATE/UCC DIVISION, TALLAHASSEE, FL Date filed: 10/20/2003 Latestlnfo Received: 10/Z8/2003 Collateral: Equipment Type: Original Sec. party: KOMATSU FINANCIAL LIMITED PARTNERSHIP, DOWNERS GROVE, IL Debtor: FLORIDA DESIGN CONTRACTORS INC. Filing number: 200303793935 Filed with: SECRETARY OF STATE/UCC DIVISION, TALLAHASSEE, FL http://smallbusiness.dnb.com/credit-reports/business-information-report.asp?ty... 10/11/2006 , D&B Business Information Report: FLORIDA DESIGN CONTRACTORS INC Page 8 of 8 Date filed: 04/22/2003 Latest Info Received: 05/15/2003 Collateral: Equipment Type: Original Sec. party: CINDER INDUSTRIAL MACHINERY COMPANY, PLANT CITY, FL Assignee: KOMATSU FINANCIAL LIMITED PARTNERSHIP, DOWNERS GROVE, IL Debtor: FLORIDA DESIGN CONTRACTORS INC Filing number: 200100173455 Filed with: SECRETARY OF STATE/UCC DIVISION, TALLAHASSEE, FL Date filed: 08/09/2001 Latest Info Received: 08/14/2001 Collateral: Equipment Type: Original Sec. party: CINDER INDUSTRIAL MACHINERY COMPANY, PLANT CITY, FL Assignee: KOMATSU FINANCIAL LIMITED PARTNERSHIP, DOWNERS GROVE, IL Debtor: FLORIDA DESIGN CONTRACTORS INC Filing number: 200000165084 Filed with: SECRETARY OF STATE/UCC DIVISION, TALLAHASSEE, FL Date filed: 07/18/2000 Latest Info Received: 08/15/2000 The public record items contained in this report may have been paid, terminated, vacated or released prior to the date this report was printed. GOVERNMENT ACTIVITY Activity summary Borrower (Dir/Guar): NO Administrat(ve debt: NO Contractor: NO Grantee: NO Party excluded from federal program(s): NO Possible candidate for socio-economic program consideration Labor surplus area: N/A Small Business: YES (2006) 8(A) firm: N/A The details provided in the Government Activity section are as reported to Dun & Bradstreet by the federal government and other sources. This report is prepared and provided under contract for the exclusive use of ]o-ann Escott,Florida Design Contractors, Inc.. This report may not be reproduced in whole or in part by any means of reproduction. Close ~ ~' Print http://smal Ibusiness.dnb.com/credit-reports/business-information-report.asp?ty... 10/11/2006