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Profile - General Credit Corp. (OTC BB:GNIZ.OB)
As of 31-Aug-2001
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Location
370 Lexington Avenue, Suite 2000
New York, NY 10017
Phone: (212) 697-4441
Fax: (212) 697-1611
Employees (last reported count): 45
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Services
 ·Industry: Business Services
Related Links
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Ownership
·Insider and 5%+ Owners: 43%
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
General Credit Corporation is engaged in providing working capital financing to its customers through the discounted purchase of checks (referred to as check factoring), and through its subsidiary, Rapidpay Corporation, credit card sales slips. The Company provides these services to its customers generally on a non-recourse basis, except to the extent of forged signatures on and stop payments of the purchased checks and credit card sales slips. The Company's customers are typically small and medium-sized independent businesses, most of which are located in the New York City metropolitan area and northern New Jersey area, although some of its credit card sales slip customers are located in Florida and other areas outside of New York City. Included among its customers are sewing contractors, wholesale distributors, independent trucking companies, printing companies, converters, healthcare providers, retailers, restaurateurs, insurers and commercial real estate owners.
More from Market Guide: Expanded Business Description

Financial Summary
General Credit Corp., since the acquisition of New York Payroll Factors, Inc. on 5/2/97, has been engaged in providing check factoring services to its customers on a non-recourse basis. For the six months ended 6/30/01, revenues rose 7% to $2.8 million. Net loss from continuing operations rose 48% to $110 thousand. Revenues reflect increased purchases of checks and credit card sales slips. Net loss reflects increased commissions and higher bad debt expenses.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY1999 Pay

Irwin Zellermaier, 75
Chairman, CEO, Acting Pres and Chief Financial Officer
$183K
Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- OTC BB:GNIZ.OBAs of 31-Aug-2001
Price and Volume
52-Week Low
on 4-Jan-2001
$0.172
Recent Price$0.19 
52-Week High
on 13-Sep-2000
$0.656
Beta0.33 
Daily Volume (3-month avg)6,318 
Daily Volume (10-day avg)11.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change-68.0%
52-Week Change
relative to S&P500
-57.1%
Share-Related Items
Market Capitalization$629.0K
Shares Outstanding3.31M
Float1.90M
Dividends & Splits
Annual Dividendnone 
Last Splitnone 
Per-Share Data
Book Value (mrq)-$0.10 
Earnings (ttm)-$0.16 
Earnings (mrq)-$0.13 
Sales (ttm)$1.75 
Cash (mrq)$0.98 
Valuation Ratios
Price/BookN/A 
Price/EarningsN/A 
Price/Sales (ttm)0.11 
Income Statements
Sales (ttm)$6.35M
EBITDA (ttm)$1.19M
Income available to common (ttm)-$579.0K
Profitability
Profit Margin (ttm)-9.1%
Operating Margin (ttm)10.2%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)-5.48%
Return on Equity (ttm)-49.66%
Financial Strength
Current Ratio (mrq)0.60 
Debt/EquityN/A 
Total Cash (mrq)$3.54M
Short Interest
As of 8-Oct-1998
Shares Short0 
Shares Short
(Prior Month)
2,000 
Daily Volume12.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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