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Discussion Starter #1 (Edited)

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Roktman said:
Guys,Anyone know the validity of this? I am new to the forum and want to know the bottom line on this.ThankSS


Maybe John can shed some light on the situation.


http://vca2.viperclub.org/forums/sh...5&Old=allposts&Main=9249&Search=true#Post9249

http://www.fbody.com/cgi-bin/anything/read.cgi?msgid=530780#531303
I've read all the "bad press" regarding John Hennessey at the Viper forum too. Any response to all of the various negative comments John?? I'm curious like others and believe there are always two sides to every story. Your turn...
 

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I have heard more bad about him then good. I have been reading his posts on his development of parts. I will wait for other companys items, his seem 50% to high. For example his cold air intake, what was it 650.00 for a KN filter I can buy anywhere and a polished elbow, I don't think so. Maybe we will see his true colors.
 

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Good info! I don't believe I'll be doing bussiness with John Hennessey


Lawsuits (Follow the directions):

To view the Harris county record click on "Back to Inquiry", then type in Hennessey under "Name", Click on the "Defendant" button and hit "Inquire"
http://www.cclerk.hctx.net/coolice/default.asp?Category=CCCourtAtLaw&Service=cc_name

And my favorite - Dunn & Bradstreet:

79-923-6971

010829
HENNESSEY MOTORSPORTS, INC
COPYRIGHT 2001 DUN & BRADSTREET INC.
ALL RIGHTS RESERVED


COMPREHENSIVE REPORT

DUNS: 79-923-6971
HENNESSEY MOTORSPORTS, INC
+HMS FINANCIAL STRESS CLASS: 5
CREDIT SCORE CLASS: 5
18000 GROESCHKE RD B-3
HOUSTON TX 77084 KEY
TEL: 281 579-2223 =============================
LOWEST RISK HIGHEST RISK
1 2 3 4 5
SIC: 75 38
LINE OF BUSINESS: AUTOMOTIVE ENGINEERING AND MANUFACTURING
CONTROL DATE: 1992 DATE PRINTED: NOV 13 2001

CHIEF EXECUTIVE: JOHN P HENNESSEY, PRES

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

- The Financial Stress Class of 5 for this company shows that during the
previous year, firms with this classification had a failure rate of
9.07% (907 per 10,000), which is 11.33 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 36 days beyond terms.
- Subject company's industry pays its bills an average 3 days beyond terms.
- Subject company pays its bills slower than the average for its industry.
- UCC filing(s) are reported for this business.
- Under present management control 9 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: 1R4 Payment Activity
(based on 11 experiences):
Average High Credit: $1,205
# of Employees Highest Credit: $2,500
Total: 13 Total Highest Credits: $12,550

Worth: -
Working Capital: -

===============================================================================
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: 5
(Highest Risk: 5; Lowest Risk: 1)

Incidence of Financial Stress Among
Companies with this Classification: 9.07% (907 per 10,000)

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

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

Financial Stress Score: 1271
(Highest Risk: 1,001; Lowest Risk: 1,850)

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

- 55% 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.
- Business does not own facilities.

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 (WEST SOUTH CENTRAL) 45

- Industry: PERSONAL AND CONSUMER SERVICES 51

- Employee Range (10-19) 68

- Years in Business Range (6-10) 60

- Subject Company 1

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: 1

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

- 55% 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.
- Business does not own facilities.

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 (WEST SOUTH CENTRAL) 51

- Industry: PERSONAL AND CONSUMER SERVICES 50

- Employee Range (10-19) 56

- Years in Business Range (6-10) 47

- Subject Company 1

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.

'99 '00 '00 '00 '00 '01 '01 '01 '01 '01 '01 '01 '01 '01 '01 '01
DEC MAR JUN SEP DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV

FIRM 41 40 41 25 31 44 43 44 58 73 57 55 55 50 48 48

Industry
Quartiles
----------
Upper 80 80 80 80 80 80 80
Median 77 78 78 78 78 78 78
Lower 68 70 70 70 71 70 70

Industry PAYDEX based on: KEY TO PAYDEX SCORES:
SIC: 7538 80 Within terms
2,553 Firms 78 3 Days Beyond Terms
25 105 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 0 0 0
$50,000 - 99,999 0 0 0
$15,000 - 49,999 0 0 0
$ 5,000 - 14,999 0 0 0
$ 1,000 - 4,999 5 9,500 37
Under 1,000 5 2,550 31

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

There are 11 payment experiences in D&B's file for the most recent 12 months,
with 9 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 11 12,550 2,500

Industry

Nonclassified 2 3,000 2,500 100 0 0 0 0
Trucking non-local 2 1,500 750 0 50 0 0 50
Radiotelephone commun 1 2,500 2,500 0 0 0 100 0
General warehousing 1 2,500 2,500 0 0 0 100 0
Whol metal 1 1,000 1,000 100 0 0 0 0
Misc equipment rental 1 1,000 1,000 0 50 50 0 0
Air courier service 1 500 500 50 50 0 0 0
Mfg metalworking mach 1 50 50 100 0 0 0 0

OTHER PAYMENT CATEGORIES:
Cash Experiences 0 0
Paying Record Unknown 0 0
Unfavorable Comments 1 500
Placed for Collection
with D&B 0 0
other 0 N/A

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 3 06/12/2000
Liens 3 05/23/2001
Suits 11 09/18/2001
UCC's 10 06/08/1998

===============================================================================
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.: 732839
JDGMT TYPE: Judgment STATUS: Unsatisfied
AGAINST: $15,622-HENNESSEY MOTORSPORTS DATE STATUS ATTAINED: 06/12/2000
INC DATE ENTERED: 06/12/2000
IN FAVOR OF: AEI RESOURCES INC LATEST INFO RECEIVED: 11/22/2000
WHERE FILED: HARRIS COUNTY COURT AT LAW,
HOUSTON, TX
-------------------------------------------------------------------------------
DOCKET NO.: 719131
JDGMT TYPE: Judgment STATUS: Unsatisfied
AGAINST: $9,207-HENNESSEY MOTORSPORTS DATE STATUS ATTAINED: 09/08/1999
INC DATE ENTERED: 09/08/1999
IN FAVOR OF: WOODLANDS PRINTING & GRAPHICS LATEST INFO RECEIVED: 11/04/1999
WHERE FILED: HARRIS COUNTY COURT AT LAW,
HOUSTON, TX
-------------------------------------------------------------------------------
DOCKET NO.: 1816
JDGMT TYPE: Judgment STATUS: Satisfied
AGAINST: $2,315-HENNESSEY MOTORSPORTS DATE STATUS ATTAINED: 01/07/2000
INC DATE ENTERED: 03/11/1999
IN FAVOR OF: ZACHRY ASSOCIATES INC LATEST INFO RECEIVED: 09/14/2000
WHERE FILED: TAYLOR COUNTY-COUNTY AT LAW,
ABILENE, TX
-------------------------------------------------------------------------------
If it is indicated that there are defendants other than the
report subject, the lawsuit may be an action to clear title
to property and does not necessarily imply a claim for money
against the subject.
-------------------------------------------------------------------------------
* * * SUIT(S) * * *
-------------------------------------------------------------------------------
CASE NO.: 1SC 4508
SUIT AMOUNT: $1,450 STATUS: Pending
PLAINTIFF: KRITSAS;DINA DATE STATUS ATTAINED: 09/18/2001
DEFENDANT: HENNESSEY MOTORSPORTS DATE FILED: 09/18/2001
WHERE FILED: DU PAGE COUNTY CIRCUIT COURT, LATEST INFO RECEIVED: 10/15/2001
WHEATON, IL
-------------------------------------------------------------------------------
CASE NO.: 99664
SUIT AMOUNT: $29,072 STATUS: Judgment entered
PLAINTIFF: GARY CLEMENTS DATE STATUS ATTAINED: 04/15/1999
DEFENDANT: HENNESSEY MOTORSPORTS INC DATE FILED: 02/25/1999
and OTHERS LATEST INFO RECEIVED: 08/03/1999
WHERE FILED: EL PASO COUNTY DISTRICT COURT,
EL PASO, TX
-------------------------------------------------------------------------------
DOCKET NO.: 1816
PLAINTIFF: $2,315-ZACHRY ASSOCIATES INC STATUS: Pending
DEFENDANT: HENNESSEY MOTORSPORTS INC DATE STATUS ATTAINED: 12/10/1998
WHERE FILED: TAYLOR COUNTY-COUNTY AT LAW, DATE FILED: 12/10/1998
ABILENE, TX LATEST INFO RECEIVED: 01/08/1999
-------------------------------------------------------------------------------
DOCKET NO.: 192644
SUIT AMOUNT: $3,300 STATUS: Pending
PLAINTIFF: JON S BELINKIE DATE STATUS ATTAINED: 10/06/1998
DEFENDANT: HENNESSEY MOTORSPORTS DATE FILED: 10/06/1998
INCORPORAT LATEST INFO RECEIVED: 09/22/1999
WHERE FILED: MONTGOMERY COUNTY CIRCUIT COURT
ROCKVILLE, MD
-------------------------------------------------------------------------------
DOCKET NO.: 704519
PLAINTIFF: $5,810-UNITED PARCEL SERVICE STATUS: Dismissed
DEFENDANT: HENNESSEY MOTOR SPORTS DATE STATUS ATTAINED: 03/04/1999
WHERE FILED: HARRIS COUNTY COURT AT LAW, DATE FILED: 08/20/1998
HOUSTON, TX LATEST INFO RECEIVED: 03/17/1999
-------------------------------------------------------------------------------
DOCKET NO.: 143276
PLAINTIFF: KATY INDEPENDENT SCHOOL STATUS: Dismissed
DISTRICT DATE STATUS ATTAINED: 08/24/1998
DEFENDANT: HENNESSEY MOTOR SPORTS INC DATE FILED: 06/19/1998
WHERE FILED: HARRIS COUNTY JP COURT 5-2, LATEST INFO RECEIVED: 11/05/1998
HOUSTON, TX
-------------------------------------------------------------------------------
DOCKET NO.: 9751206
PLAINTIFF: FRITZ FIDELE STATUS: Pending
DEFENDANT: HENNESSEY MOTOR SPORTS INC DATE STATUS ATTAINED: 10/10/1997
WHERE FILED: HARRIS COUNTY CIVIL DISTRICT DATE FILED: 10/10/1997
COURT, HOUSTON, TX LATEST INFO RECEIVED: 10/24/1997
-------------------------------------------------------------------------------
DOCKET NO.: 350431
PLAINTIFF: $2,965-M C C I STATUS: Pending
DEFENDANT: HENNESSEY MOTORSPORTS INC DATE STATUS ATTAINED: 07/31/1997
WHERE FILED: HARRIS COUNTY JP COURT 1-2, DATE FILED: 07/31/1997
HOUSTON, TX LATEST INFO RECEIVED: 10/24/1997
-------------------------------------------------------------------------------
DOCKET NO.: 660752
PLAINTIFF: $5,277-VELDMANS EQUIPMENT INC STATUS: Judgment entered
DEFENDANT: HENNESSEY MOTORSPORTS INC DATE STATUS ATTAINED: 04/02/1996
WHERE FILED: HARRIS COUNTY COURT AT LAW, DATE FILED: 02/09/1996
HOUSTON, TX LATEST INFO RECEIVED: 01/29/2000
-------------------------------------------------------------------------------
DOCKET NO.: 9557881
PLAINTIFF: $94,780-U S BANCORP LEASING & STATUS: Pending
FINANCIAL DATE STATUS ATTAINED: 11/28/1995
DEFENDANT: HENNESSEY MOTORSPORTS INC DATE FILED: 11/28/1995
WHERE FILED: HARRIS COUNTY CIVIL DISTRICT LATEST INFO RECEIVED: 12/15/1995
COURT, HOUSTON, TX
-------------------------------------------------------------------------------
* * * 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.
-------------------------------------------------------------------------------
FILING NO.: 54246/0928
AMOUNT: $940 STATUS: Released
TYPE: State Tax DATE STATUS ATTAINED: 07/30/2001
FILED BY: STATE OF TEXAS DATE FILED: 05/23/2001
AGAINST: HENNESSEY MOTORSPORTS INC LATEST INFO RECEIVED: 09/20/2001
WHERE FILED: HARRIS COUNTY RECORDERS OFFICE,
HOUSTON, TX
-------------------------------------------------------------------------------
FILING NO.: 53923/1986
AMOUNT: $940 STATUS: Open
TYPE: State Tax DATE STATUS ATTAINED: 04/23/2001
FILED BY: STATE OF TEXAS DATE FILED: 04/23/2001
AGAINST: HENNESSEY MOTORSPORTS INC LATEST INFO RECEIVED: 05/17/2001
WHERE FILED: HARRIS COUNTY RECORDERS OFFICE,
HOUSTON, TX
-------------------------------------------------------------------------------
FILING NO.: 51972/0235
AMOUNT: $1,330 STATUS: Open
TYPE: State Tax DATE STATUS ATTAINED: 07/09/1998
FILED BY: STATE OF TEXAS DATE FILED: 07/09/1998
AGAINST: HENNESSEY MOTORSPORTS INC LATEST INFO RECEIVED: 07/24/1998
WHERE FILED: HARRIS COUNTY RECORDERS OFFICE,
HOUSTON, TX
-------------------------------------------------------------------------------
* * * UCC FILING(S) * * *
-------------------------------------------------------------------------------
COLLATERAL: Specified Negotiable instruments and proceeds - Specified Fixtures
and proceeds - Specified Equipment and proceeds
FILING NO: 94144947 DATE FILED: 07/22/1994
TYPE: Original LATEST INFO RECEIVED: 08/02/1994
SEC. PARTY: U.S. BANCORP LEASING & FINANCIAL FILED WITH: SECRETARY OF
MACHINE TOOL FINANCE GROUP, STATE/UCC DIVISION,
PORTLAND, OR TX
DEBTOR: HENNESSEY MOTORSPORTS, INC.
-------------------------------------------------------------------------------
COLLATERAL: Equipment
FILING NO: 95196971 DATE FILED: 10/10/1995
TYPE: Original LATEST INFO RECEIVED: 10/16/1995
SEC. PARTY: COLONIAL PACIFIC LEASING, FILED WITH: SECRETARY OF
TUALATIN, OR STATE/UCC DIVISION,
DEBTOR: HENNESSEY MOTORSPORTS, INC. TX
-------------------------------------------------------------------------------
COLLATERAL: Specified Equipment
FILING NO: 92075454 DATE FILED: 04/16/1992
TYPE: Original LATEST INFO RECEIVED: 06/03/1992
SEC. PARTY: AEB INC, HOUSTON, TX FILED WITH: SECRETARY OF
DEBTOR: HENNESSEY MOTOSPORTS STATE/UCC DIVISION,
TX
-------------------------------------------------------------------------------
FILING NO: 92075454 DATE FILED: 07/16/1993
TYPE: Termination LATEST INFO RECEIVED: 08/12/1993
SEC. PARTY: AEB INC, HOUSTON, TX ORIG. UCC FILED: 04/16/1992
DEBTOR: HENNESSEY MOTORSPORTS ORIG. FILING NO: 92075454
FILED WITH: SECRETARY OF
STATE/UCC DIVISION,
TX
-------------------------------------------------------------------------------
FILING NO: 0459067 DATE FILED: 06/08/1998
TYPE: Termination LATEST INFO RECEIVED: 07/22/1998
SEC. PARTY: CHEMICAL BANK AS AGENT, JERICHO, ORIG. FILING NO: 1500573
NY FILED WITH: SECRETARY OF
DEBTOR: HMSS INC STATE/UCC DIVISION,
WI
-------------------------------------------------------------------------------
FILING NO: 0000262199 DATE FILED: 06/08/1998
TYPE: Termination LATEST INFO RECEIVED: 07/20/1998
SEC. PARTY: CHEMICAL BANK, JERICHO, NY ORIG. UCC FILED: 04/13/1995
DEBTOR: HMSS INC ORIG. FILING NO: S48389
FILED WITH: SECRETARY OF
STATE/UCC DIVISION,
OR
-------------------------------------------------------------------------------
FILING NO: A7074116 DATE FILED: 06/23/1997
TYPE: Continuation LATEST INFO RECEIVED: 12/10/1997
SEC. PARTY: CHEMICAL BANK AGENT, JERICHO, NY ORIG. UCC FILED: 04/12/1995
DEBTOR: HMSS INC ORIG. FILING NO: C0348717
FILED WITH: ARAPAHOE COUNTY CLERK
AND RECORDER, CO
-------------------------------------------------------------------------------
FILING NO: A8085854 DATE FILED: 06/08/1998
TYPE: Termination LATEST INFO RECEIVED: 06/17/1998
SEC. PARTY: CHEMICAL BANK AGENT, JERICHO, NY ORIG. UCC FILED: 04/12/1995
DEBTOR: HMSS INC ORIG. FILING NO: C0348717
FILED WITH: ARAPAHOE COUNTY CLERK
AND RECORDER, CO
-------------------------------------------------------------------------------
FILING NO: 000426047 DATE FILED: 06/08/1998
TYPE: Termination LATEST INFO RECEIVED: 06/15/1998
SEC. PARTY: CHEMICAL BANK AS COLLATERAL ORIG. UCC FILED: 08/07/1995
AGENT, JERICHO, NY ORIG. FILING NO: 003432860
DEBTOR: HMSS INC FILED WITH: SECRETARY OF
STATE/UCC DIVISION,
IL
-------------------------------------------------------------------------------
FILING NO: 29020264 DATE FILED: 06/08/1998
TYPE: Termination LATEST INFO RECEIVED: 06/12/1998
SEC. PARTY: CHEMICAL BANK COLLATERAL AGENT, ORIG. UCC FILED: 04/13/1995
JERICHO, NY ORIG. FILING NO: 24181363
DEBTOR: HMSS INC FILED WITH: SECRETARY OF
STATE/UCC DIVISION,
PA

This data is for informational purposes only and is not an official record.
Certified copies may be obtained from the Pennsylvania Department of State.
-------------------------------------------------------------------------------

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
----------------------------------------------------------------------
CORPORATE AND BUSINESS REGISTRATIONS REPORTED BY THE SECRETARY
OF STATE OR OTHER OFFICIAL SOURCE AS OF 11/07/2001:

BUSINESS TYPE: Corporation - DATE INCORPORATED: 12/31/1992
Profit STATE OF INCORP: Texas
----------------------------------------------------------------------
08/29/01
JOHN P HENNESSEY, PRES
DIRECTOR(S): THE OFFICER(S)

Business started Jan 1991 by John P Hennessey. 100% of capital
stock is owned by John P Hennessey.
JOHN P HENNESSEY born 1962. Graduated from the University of
Missouri in 1985. 1985-1988 owned and operated Hennessey Investments,
Houston, TX. 1988-1992 president of Asbestos Solutions, Inc,
Houston, TX. The company is currently inactive. 1991 to present
active here.

OPERATIONS

08/29/01 Automotive engineering and manufacturing.
ADDITIONAL TELEPHONE NUMBER(S): Facsimile (Fax) 281 579-2724.
Terms are cash and net 30 days. Has 500 account(s). Sells to
commercial concerns. Territory : United States and International.
Nonseasonal.
EMPLOYEES: 13 which includes officer(s).
FACILITIES: Rents 30,000 sq. ft. in metal building.
LOCATION: Commercial section on side street.

OTHER CORPORATE DETAILS
CORPORATE STATUS: FORFEITED EXISTENCE
CORPORATE AGENT: JOHN P HENNESSEY, 18000 GROESCHKE ROAD, HANGER-C,
HOUSTON, TX
STATE ID NO: 0125445800

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

KEY BUSINESS RATIOS

NOTE:
D&B has been unable to obtain sufficient financial information from this
company to calculate business ratios. Our check of additional outside sources
also found no information available on its financial performance.

To help you in this instance, ratios for other firms in the same industry are
provided below to support your analysis of this business.

(Industry Norms Based on 17 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 UN UN UN UN UN UN UN

Industry 2.2 10.6 2.2 0.8 30.2 10.0 89.6
Median

Industry UN UN UN UN UN UN UN
Quartile

UN = Unavailable

FINANCIAL INFORMATION

08/29/01 On August 27, 2001 repeated attempts to contact this business
where unsuccessful.


===============================================================================
CUSTOMER SERVICE
If you need any additional information, or have any questions regarding this
report, 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.
 

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22 Posts
From AUTOWEEK:

"Ninety-eight percent of his customers love him, John Hennessey says. But a few hate him and some have sued. Hennessey Motorsports in Houston specializes in tuning Vipers, adding more power to what is already one of the most powerful cars in the world. Hennessey’s Vipers have been featured in this and many other magazines and the cars he has sent to us and to other media were impressive performers. Hennessey presents himself well, projecting an image of the consummate Texas good ol’ boy whose reassuring conversational style and howyewdoin’ demeanor put customers at ease. People believe they will get what he says he’ll give them. But not all people do.

According to a lawsuit filed in Salt Lake City, Utah resident Taig Stewart sent his Viper GTS to Hennessey last May for an engine upgrade to 1100 hp along with several other modifications. For that he wire-transferred $142,500 to Hennessey. The lawsuit states the parties agreed the car would be done by mid-July 2001. As of press time the car was still sitting under a tarp in Hennessey’s shop in Houston. Or most of the car, anyway. Stewart’s suit claims Hennessey sold the car’s engine, transmission, wheels, tires and hood. The suit seeks return of the money, the Viper and “no less than $1 million” in punitive damages.

Hennessey claims he’s just slow in getting the work done.

“My side of the story is we’re planning on finishing his car and planning on giving him everything that he paid for,” said Hennessey. As for the parts being sold, “That’s totally false. We’ve got all his parts in the shop except the hood and he wanted to do a lightweight hood.”

Stewart is not the first unsatisfied customer. The longer we dug the more dissatisfaction we found. Here’s a sampling:

On Nov. 14 a New Jersey court entered a final judgement of $133,674 against Hennessey on behalf of Viper owner Gary Dan for a botched conversion.

William Walters said he is out over $22,000 after shipping his Corvette to Hennessey for a head and cam package that was never done; he did have five rods bent and a head gasket damaged on the dyno in Hennessey’s shop during an experiment Hennessey tried with nitrous oxide.

Jerry Johnson said he had to file suit in Placer County Court in California to straighten out registration and engine computer problems on a Viper he bought from Hennessey.

Jon Belinkie said he loves the changes made to his Viper but had to sue in his home state of Maryland, then register the judgement in Texas, to recover overcharges Hennessey made on his American Express card.

Rick Ryan said he had to hound Hennessey for eight months by long distance from Marietta, Georgia, to put the proper wing and stripes on his Viper.

Mark Lublin said he sent his Viper cylinder heads to Hennessey for new valves but when the heads came back he found the “new” valves were actually used; a cam that was delivered to Lublin in a Hennessey box turned out to be a stock Chrysler cam. Lublin was finally refunded $5,715 from American Express but only after nine months of disputing the charge; and he got no money from Hennessey.

Bruce Iannatuono said he ordered $8,500 worth of Hennessey parts for his mechanic in Baltimore to install but was only able to use two-thirds of what was shipped, and then only after haranguing Hennessey for six months on an order that was originally promised in five weeks.

Most of the complaints come from outside Texas. Hennessey, some said, tends to take better care of local customers.

“If you were out of state, man you were fair game,” said Kyle Kent, a former employee at Hennessey Motorsports. When an out-of-state car came in it was sometimes parted out, with the wheels, tires and whatever else looked good going to other cars waiting to be finished or sold outright, according to Kent and others inside Hennessey Motorsports. Then Hennessey would call the car’s owner and try to sell him an upgraded kit. If the customer balked, Hennessey would take parts from other cars in the shop, or just let the job sit.

Kent described one typical disassembly on an out-of-state Viper. “The motor and transmission went into a Durango John was putting together, the brakes went to someone else, the hood went to a guy in Ohio, the rear bumper to South Carolina, man you name it. We had multiple cars like that.”

Another common practice was putting stock parts on what was supposed to be an upgraded car.

“One customer spent $130,000 to $140,000 and that guy thought he had purchased a Venom 650R package which he thought came with the stroker motor,” Kent said. “John told him he was getting a stroker. He was just getting heads and cams.”

Hennessey denies any wrongdoing.

“I’ve got probably 3000 customers,” he said. “I’ve built over 300 cars and out of that I’ve had a handful of people that I’ve had some sort of a delivery problem with and I’ve had some of them who have sued me. So is that some sort of a trend or is that par for the course?”
 

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9 seconds said:
RAM154.587,
You are a troll. You only signed up today to stir up crap. Do you have any news newer than 2002?
9 seconds you might right but about the troll thing but it's better to find out now then later, thanks RAm154.587
 

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joea said:
9 seconds you might right but about the troll thing but it's better to find out now then later, thanks RAm154.587
RAm1 didn't add anything that wasn't already mentioned. That's all.


NoMercy from viperalley.com said:
Hennessy and I are square. Although I did not get the full amount that was taken, I did get was I was asking for 10k. At this point I am satisfied, 10k is better than no K.


I understand Hennessey is righting the ship so to speak and hope what happened to me, Taig and others will never happen again.
.
There is more to the story than what happened 1.5 years ago. Just do your homework before sending anyone your truck or $20K.
 

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I can say this, He will never sell me or install anything on my SRT-10. Their are plenty of shops out their that specialize in viper motors.
 

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Tsk Tsk Tsk. Guys Guys Guys

OK. I've sent 2 SRT10's to John.

I did a LOT of research about his company. There is RSI, and a host of other guys out there that do VIPER stuff. There is only ONE on TOP, There is only ONE that has the FASTEST VIPER. There is only ONE that is the innovator, and folks that is Hennessey!

I can say that I am 100% comfortable with my trucks being at John's shop.

Additionally, ANYONE that runs their own business has problems at one time or another. I certainly did. My annual revenue is over $20mil and my D&B looks HORRIBLE. I recently hired an in house accountant, 6 months later, I'm on track, is that reflected in D&B No! Did I manage to miss-handle clients and vendors during that point? Yep. Where is the NEW data, all the "S" is old stuff. 2-4 years is a LONG time financially.

One final note. Expectation has a lot to do with things as well. I'm in car audio, and I know that when a customer expects something more than what they purchased, they are disappointed..

On a site note. This is one of the problems with the Internet. Nothing ever dies. Whether its bad business, a prisoner who has served his time, a mom that wrote bad checks, etc. It doesn't matter. People can just link to ****, and make others go "Hes no good" etc. 'Nuff Said

Craig
 

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SRT10x3,
Good info. I hope your right. I would only hope he has his act together now and treats ppl better now than in the past...
 

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We had some problems a few years ago and have worked hard to resolve them. As for our mail order business, we dont take any money up front, we just ship parts COD. For work being done in the shop, we still operate on a 50% up front and 50% when the work is done program.

I am not sure why this person decided that she needed to bash me here. We have done many good things with the Ram SRT10 and will continue to do so.
 

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John Hennessey said:
We had some problems a few years ago and have worked hard to resolve them. As for our mail order business, we dont take any money up front, we just ship parts COD. For work being done in the shop, we still operate on a 50% up front and 50% when the work is done program.

I am not sure why this person decided that she needed to bash me here. We have done many good things with the Ram SRT10 and will continue to do so.
Thank you for responding John (and Craig). Obviously someone out there still has a vendetta against you and it sounds like you are doing everything you can to change the past. I'm looking forward to seeing how things go with Craigs truck(s).

Kirk
 

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I TOO an anxiously waiting to here how things turn out. i'm hoping for nothing less than perfection for you craig- TREV
 

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I dont really have too much to say on the subject except that, when I get time, we will be typing up the vendor rules and enforcing them. The rules will be as much what we expect from vendors, as much as how we expect the users to treat vendors.
 

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John Hennessey controversy

I was personally advised to check the other viper boards months ago re the above. As a business owner, you have to expect some dissatisfied customers.
Some people are just impossible to satisfy. On the other hand, if the volume of complaints, leading to legal action, and court decisions, lead to a mounting accumulation of data that looks like crap...why ignore the obvious. The obvious is that not one, or several clients, who paid MEGA bucks, didnt get what they paid for, and got their situation rectified through the court system, after additional expense and probably a lot of sleepless nights. I personally think e-kool should wake up and try and protect the members of this board from protentially fradulent vendors, rather then making "inuendo" about how the venders are treaded on the board.
From my vantage point, a lot of trusting people got screwed...so why are 9-seconds and e-cool trying to cover this up, or intimidate the reet of us???
 

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