Exhibit 99.1
UNITED STATES BANKRUPTCY COURT
FOR THE SOUTHERN DISTRICT OF NEW YORK
| | | | | |
In re BearingPoint, Inc. | | Case No. (Jointly Administered): | | 09-10691 (REG) |
| | | Reporting Period: | | 31-Oct-09 |
| | | | | |
| | | Federal Tax I.D. #: | | 22-3680505 |
| | | | | |
| | | CORPORATE MONTHLY OPERATING REPORT | | |
File with the Court and submit a copy to the United States Trustee within 30 days after the end of the month and
submit a copy of the report to any official committee appointed in the case.
| | | | | | | | | | | | |
| |
| REQUIRED DOCUMENTS | | | Form No. | | | Document | | | Explanation | |
| | | | | | | | Attached | | | Attached | |
| Schedule of Cash Receipts and Disbursements | | | MOR-1 | | | x | | | | |
| Bank Account Information | | | MOR-1a | | | x | | | | |
| Copies of bank statements | | | | | | | | | x | |
| Cash disbursements journals | | | | | | | | | x | |
| Statement of Operations (Income Statement) | | | MOR-2 | | | x | | | | |
| Balance Sheet | | | MOR-3 | | | x | | | | |
| Status of Post-petition Taxes | | | MOR-4 | | | x | | | | |
| Copies of IRS Form 6123 or payment receipt | | | | | | | | | x | |
| Copies of tax returns filed during reporting period | | | | | | | | | x | |
| Summary of Unpaid Post-petition Debts | | | MOR-4 | | | | | | x | |
| Listing of Aged Accounts Payable | | | | | | | | | x | |
| Accounts Receivable Reconciliation and Aging | | | MOR-5 | | | | | | x | |
| Taxes Reconciliation and Aging | | | MOR-5 | | | | | | x | |
| Payments to Insiders and Professional | | | MOR-6 | | | | | | x | |
| Post-Petition Secured Notes Adequate Protection Payments | | | MOR-6 | | | | | | x | |
| Debtor Questionnaire | | | MOR-7 | | | x | | | | |
| |
| | | |
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents
are true and correct to the best of my knowledge and belief | |
| | | |
| /s/ David Johnston | | 11/30/2009 |
| | | |
| Signature of Authorized Individual* | | Date |
| | | |
| David Johnston | | |
| | | |
| Printed Name of Authorized Individual | | |
| | | |
| Chief Financial Officer | | |
| | | |
| Title | | |
* Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a
partnership; a manager or member if debtor is a limited liability company.
Legal Entities
| | | | | |
| In re BearingPoint, Inc. | | Case No. (Jointly Administered): | | 09-10691 (REG) |
| | | Reporting Period: | | 31-Oct-09 |
| | | | | |
| | | Federal Tax I.D. #: | | 22-3680505 |
| | | | | |
| | | Listing of Debtor Entities and Notes to the Monthly Operating Report | | |
| | | |
| GENERAL: |
| The report includes activity from the following Debtors and related Case Numbers: |
| | | |
| Debtor | | Case Number |
| BearingPoint, Inc. | | 09-10691 (REG) |
| BearingPoint Americas, Inc. | | 09-10693 (REG) |
| BearingPoint BG, LLC | | 09-10694 (REG) |
| BearingPoint Enterprise Holdings, LLC | | 09-10695 (REG) |
| BearingPoint Global Operations, Inc. | | 09-10697 (REG) |
| BearingPoint International I, Inc. | | 09-10698 (REG) |
| BearingPoint Israel, LLC | | 09-10699 (REG) |
| BearingPoint Puerto Rico, LLC | | 09-10700 (REG) |
| BearingPoint South Pacific, LLC | | 09-10702 (REG) |
| BearingPoint Southeast Asia LLC | | 09-10703 (REG) |
| BearingPoint Technology Procurement Services, LLC | | 09-10704 (REG) |
| BearingPoint USA, Inc. | | 09-10705 (REG) |
| BearingPoint, LLC | | 09-10692 (REG) |
| i2 Mid Atlantic LLC | | 09-10706 (REG) |
| i2 Northwest LLC | | 09-10707 (REG) |
| Metrius, Inc. | | 09-10708 (REG) |
| OAD Acquisition Corp. | | 09-10709 (REG) |
| OAD Group, Inc. | | 09-10710 (REG) |
| BE New York Holdings, Inc. | | 09-10690 (REG) |
| Peloton Holdings, L.L.C. | | 09-10711 (REG) |
| Softline Acquisition Corp. | | 09-10712 (REG) |
| Softline Consulting & Integrators, Inc. | | 09-10713 (REG) |
| BearingPoint Russia, LLC | | 09-10701 (REG) |
| BearingPoint Global, Inc. | | 09-10696 (REG) |
Notes to the MOR:
This Monthly Operating Report (“MOR”) has been prepared solely for the purpose of complying with the monthly reporting requirements applicable in the Bankruptcy Cases and is in a format acceptable to the U.S. Trustee. The financial information contained herein is limited in scope and covers a limited time period. Moreover, such information is preliminary and unaudited, and is not prepared in accordance with generally accepted accounting principles (“GAAP”) in the United States. The financial statements presented in MOR-2 and MOR-3 do not include elimination entries for intercompany balances related to Debtor or non-debtor affiliates nor do investment in subsidiary balances properly reflect the equity method of accounting for income or loss from Debtor and non-debtor affiliates. Accordingly, this MOR should not be used for investment purposes.
Notes to MOR 1-a:
All amounts listed are the Bank Balances as of the end of the month.
Copies of the bank statements and cash disbursement journals were not included with the MOR. These items will be made available upon request.
Notes to MOR 2 & 3:
The operating results reflected in MOR-2 and MOR-3 are for the month ended and as of October 31, 2009, respectively.
Any changes to prior period balances will be reflected in the current month MOR.
Notes to MOR 4:
BearingPoint, Inc. and its related debtors received an order which allowed the payment of pre-petition sales and use taxes. The tax
roll-forward will reflect only post-petition taxes.
Due to the volume of transactions related to tax returns and payments, these items will be made available upon request.
BearingPoint, Inc. and its related debtors are current on all post-petition payments other than disputes that arise in the ordinary
course of business.
Notes to MOR 5:
BearingPoint, Inc. and its related debtors believe that the information as disclosed in MOR-3 appropriately summarizes the ending accounts receivable balances.
Due to the volume of transactions related to customer billings and payments, these items will be made available upon request.
Notes to MOR 6:
BearingPoint, Inc. and its related debtors believe the disclosure requirements of this MOR are fulfilled by the various motions, filings, and orders filed with the U.S. Bankruptcy Court, on a regular basis, which are retained on the information website dedicated to BearingPoint, Inc. and its related debtors.
| | | | | | | | | |
In re BearingPoint, Inc. | | Case No. (Jointly Administered): | | 09-10691 (REG) |
| | | Reporting Period: | | 31-Oct-09 |
| | | | | | | | | |
| | | Federal Tax I.D. #: | | | 22-3680505 |
| | | | | |
| | | Schedule of Cash Receipts and Disbursements | | |
| | | | | |
| | | (Amounts in $’s) | | |
| | | | | | | | | |
| | | | | | | | TIME PERIOD:
10 /1/2009 - 10/31/2009 | |
| | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| |
| | Debtor | | | Case Number | | | Cash Receipts | | | Disbursements | | | Total | | |
| | BearingPoint, Inc. | | | 09-10691 (REG) | | $ | | 12,372,682 | | | $ | | (28,467,408 | ) | | $ | | (16,094,726 | ) | |
| | BearingPoint Americas, Inc. | | | 09-10693 (REG) | | | | - | | | | | (5,233 | ) | | | | (5,233 | ) | |
| | BearingPoint BG, LLC | | | 09-10694 (REG) | | | | - | | | | | - | | | | | - | | |
| | BearingPoint Enterprise Holdings, LLC | | | 09-10695 (REG) | | | | - | | | | | - | | | | | - | | |
| | BearingPoint Global Operations, Inc. | | | 09-10697 (REG) | | | | - | | | | | (582,831 | ) | | | | (582,831 | ) | |
| | BearingPoint International I, Inc. | | | 09-10698 (REG) | | | | - | | | | | - | | | | | - | | |
| | BearingPoint Israel, LLC | | | 09-10699 (REG) | | | | - | | | | | - | | | | | - | | |
| | BearingPoint Puerto Rico, LLC | | | 09-10700 (REG) | | | | - | | | | | - | | | | | - | | |
| | BearingPoint South Pacific, LLC | | | 09-10702 (REG) | | | | - | | | | | - | | | | | - | | |
| | BearingPoint Southeast Asia LLC | | | 09-10703 (REG) | | | | - | | | | | (4,090 | ) | | | | (4,090 | ) | |
| | BearingPoint Technology Procurement Services, LLC | | | 09-10704 (REG) | | | | 47,622 | | | | | (1,403 | ) | | | | 46,219 | | |
| | BearingPoint USA, Inc. | | | 09-10705 (REG) | | | | - | | | | | - | | | | | - | | |
| | BearingPoint, LLC | | | 09-10692 (REG) | | | | - | | | | | (745,683 | ) | | | | (745,683 | ) | |
| | i2 Mid Atlantic LLC | | | 09-10706 (REG) | | | | - | | | | | - | | | | | - | | |
| | i2 Northwest LLC | | | 09-10707 (REG) | | | | - | | | | | - | | | | | - | | |
| | Metrius, Inc. | | | 09-10708 (REG) | | | | - | | | | | - | | | | | - | | |
| | OAD Acquisition Corp. | | | 09-10709 (REG) | | | | - | | | | | - | | | | | - | | |
| | OAD Group, Inc. | | | 09-10710 (REG) | | | | - | | | | | - | | | | | - | | |
| | BE New York Holdings, Inc. | | | 09-10690 (REG) | | | | - | | | | | - | | | | | - | | |
| | Peloton Holdings, L.L.C. | | | 09-10711 (REG) | | | | - | | | | | - | | | | | - | | |
| | Softline Acquisition Corp. | | | 09-10712 (REG) | | | | - | | | | | - | | | | | - | | |
| | Softline Consulting & Integrators, Inc. | | | 09-10713 (REG) | | | | - | | | | | (3 | ) | | | | (3 | ) | |
| | BearingPoint Russia, LLC | | | 09-10701 (REG) | | | | - | | | | | - | | | | | - | | |
| | BearingPoint Global, Inc. | | | 09-10696 (REG) | | | | - | | | | | - | | | | | - | | |
| |
Note: Cash disbursements and receipts related to intercompany transfers among Debtor entities are not included in this schedule. Accordingly, net cash activity will not agree to the change in bank statement balances as presented in MOR-1a.
MOR-1a
| | | | | |
| In re BearingPoint, Inc. | | Case No. (Jointly Administered): | |
09-10691 (REG) |
| | | Reporting Period: | | 31-Oct-09 |
| |
| | | Federal Tax I.D. #: | | 22-3680505 |
| | | | | |
| | | Bank Account Information | | |
| | | (Amounts in $’s) | | |
| | | | | | | | | | | |
| |
| Legal Entity | | Case Number | | Bank Name / Account | | Bank Balance | | Explanation |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | AFGHANISTAN INTERNATIONAL BANK;
ACCOUNT # ************8414 (USD);
IMPREST ACCOUNT: AFGHANISTAN | | | 255,429 | | | * |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | AFGHANISTAN INTERNATIONAL BANK;
ACCOUNT # ************8417 (AFN);
IMPREST ACCOUNT: AFGHANISTAN | | | 7,612 | | | * |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | AFGHANISTAN INTERNATIONAL BANK;
ACCOUNT # ************8422 (USD);
IMPREST ACCOUNT: AFGHANISTAN | | | 109,983 | | | * |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | AFGHANISTAN INTERNATIONAL BANK;
ACCOUNT # ************8425 (AFN);
IMPREST ACCOUNT: AFGHANISTAN | | | 313 | | | * |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | BANK OF AMERICA; ACCOUNT #
******5962 | | | - | | | |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | BANK OF CYPRUS, CYPRUS; ACCOUNT #
**********4806 (USD); IMPREST
ACCOUNT: CYPRUS | | | 7,197 | | | * |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | BANK OF CYPRUS, CYPRUS; ACCOUNT #
**********6100 (EUR); IMPREST
ACCOUNT: CYPRUS | | | 4,443 | | | * |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | BANK OF NEW YORK ; ACCOUNT # **5*3100 | | | 439,925 | | | |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | BANK OF NEW YORK ; ACCOUNT # **7*3100 | | | - | | | [C] |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | CITIBANK, AMMAN, JORDAN; ACCOUNT #
*****9001 (JOD); IMPREST ACCOUNT:
JORDAN | | | 40,841 | | | * |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | CITIBANK, AMMAN, JORDAN; ACCOUNT #
*****9028 (JOD); IMPREST ACCOUNT:
JORDAN | | | - | | | * |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | CITIBANK, AMMAN, JORDAN; ACCOUNT #
*****9036 (JOD); IMPREST ACCOUNT:
JORDAN | | | 208,201 | | | * |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | CITIBANK, AMMAN, JORDAN; ACCOUNT #
*****9109 (USD); IMPREST ACCOUNT:
JORDAN | | | 4,503 | | | * |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | CITIBANK, AMMAN, JORDAN; ACCOUNT #
*****9206 (USD); IMPREST ACCOUNT:
JORDAN | | | - | | | * |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | CITIBANK, AMMAN, JORDAN; ACCOUNT #
*****9214 (USD); IMPREST ACCOUNT:
JORDAN | | | 73,288 | | | * |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | CITIBANK, NEW YORK, NY; ACCOUNT # *****375
(USD); IMPREST ACCOUNT:
CYPRUS | | | 66,634 | | | * |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | CITIBANK, NY; ACCOUNT # ****944 (USD);
IMPREST ACCOUNT: USA | | | - | | | * |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | CITIBANK-DELAWARE; ACCOUNT # ****3683 | | | 1,402,613 | | | |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | CITIBANK-NEW YORK; ACCOUNT # ****2993 | | | - | | | |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | CITIBANK-NEW YORK; ACCOUNT # ****3048 | | | - | | | |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | CITIBANK-NEW YORK; ACCOUNT # ****3056 | | | - | | | |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | CITIBANK-NEW YORK; ACCOUNT # ****3072 | | | 202,051 | | | |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | CITIBANK-NEW YORK; ACCOUNT # ****3195 | | | - | | | |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | CITIBANK-NEW YORK; ACCOUNT # ****3232 | | | - | | | |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | CITIBANK-NEW YORK; ACCOUNT # ****3339 | | | - | | | |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | CITIBANK-NEW YORK; ACCOUNT # ****3480 | | | - | | | |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | COMMERCIAL INTERNATIONAL BANK,
CAIRO, EGYPT; ACCOUNT # ******0196 (EGP);
IMPREST ACCOUNT: EGYPT | | | - | | | * |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | COMMERCIAL INTERNATIONAL BANK,
CAIRO, EGYPT; ACCOUNT # ******0331
(USD); IMPREST ACCOUNT: EGYPT | | | - | | | * |
| |
MOR-1a
| | | | | |
| In re BearingPoint, Inc. | | Case No. (Jointly Administered): | |
09-10691 (REG) |
| | | Reporting Period: | | 31-Oct-09 |
| |
| | | Federal Tax I.D. #: | | 22-3680505 |
| | | | | |
| | | Bank Account Information | | |
| | | (Amounts in $’s) | | |
| | | | | | | | | | | |
| |
| Legal Entity | | Case Number | | Bank Name / Account | | Bank Balance | | Explanation |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | DEMIRKYRGYSTAN INTERNATIONAL
BANK, KYRGYSTAN; ACCOUNT #
******************2057 (KGS); IMPREST
ACCOUNT: KYRGYSTAN | | | 17 | | | * |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | DEMIRKYRGYSTAN INTERNATIONAL
BANK, KYRGYSTAN; ACCOUNT #
******************2057 (USD); IMPREST
ACCOUNT: KYRGYSTAN | | | 95,885 | | | * |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | GOLDMAN SACHS; ACCOUNT # *******7238 | | | 9,739,230 | | | |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | MELLON BANK; ACCOUNT # ***2172 | | | 40,104 | | | |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | MELLON BANK; ACCOUNT # ***3905 | | | - | | | |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | MELLON BANK; ACCOUNT # ***5760 | | | 288,132 | | | |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | MELLON BANK; ACCOUNT # ***9221 | | | - | | | |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | PNC BANK; ACCOUNT # ******2268 | | | - | | | |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | PODGORICKA BANKA AD PODGORICA,
SERBIA AND MONTENEGRO; ACCOUNT # *********0690; IMPREST ACCOUNT:
MONTENEGRO | | | - | | | |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | RAIFFEISEN BANK OF KOSOVO,
PRISTINE, KOSOVO; ACCOUNT #
************3203 (EUR); IMPREST
ACCOUNT: KOSOVO | | | - | | | * |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | RAIFFEISEN BANK DD BIH, SARAJEVO,
BOSNIAHERZEGOVINA; ACCOUNT #
*************3000 (USD); IMPREST
ACCOUNT: BOSNIA | | | - | | | * |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | RAIFFEISEN BANK DD BIH, SARAJEVO,
BOSNIAHERZEGOVINA; ACCOUNT #
*************1000 (BAM); IMPREST
ACCOUNT: BOSNIA | | | - | | | * |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | SUNTRUST; ACCOUNT # *********9360 | | | - | | | |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | UNIBANK COMMERCIAL BANK;
ACCOUNT # ********3812USD01;
IMPREST ACCOUNT: AZERBAIJAN | | | - | | | |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | PNC BANK; ACCOUNT # ******0453 | | | 17,690 | | | [A] |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | PNC BANK; ACCOUNT # ******2977 | | | - | | | [A] |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | BONY MELLON; ACCOUNT # ******5015 | | | 1,189 | | | [B]* |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | CITIBANK; ACCOUNT # ******8906 | | | 66,712 | | | [B]* |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | DEUTSCHE BANK; ACCOUNT # *****4155 | | | - | | | [B] |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | DEUTSCHE BANK; ACCOUNT # *****4067 | | | - | | | [B] |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | DEUTSCHE BANK; ACCOUNT # *****4470 | | | - | | | [B] |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | BONY MELLON; ACCOUNT # ******2442 | | | - | | | [C] |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | JP MORGAN; ACCOUNT # **367 | | | - | | | [B] |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | JP MORGAN; ACCOUNT # **374 | | | - | | | [B]* |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | BONY MELLON; ACCOUNT # ******0518 | | | - | | | [B] |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | BONY MELLON; ACCOUNT # ******0519 | | | - | | | [B] |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | BONY MELLON; ACCOUNT # ******0520 | | | - | | | [B] |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | CITIBANK-NEW YORK; ACCOUNT # **4198 | | | - | | | [B] |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | DEUTSCHE BANK; ACCOUNT # *****7074 | | | - | | | [B] |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | BONY MELLON; ACCOUNT # ******7737 | | | - | | | [C] |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | BONY MELLON; ACCOUNT # ******7013 | | | - | | | [D] |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | DEUTSCHE BANK; ACCOUNT # *****7154 | | | 15,439,492 | | | |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | DEUTSCHE BANK; ACCOUNT # *****5369 | | | 505,000 | | | |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | DEUTSCHE BANK; ACCOUNT # *****7146 | | | - | | | |
| |
| BearingPoint, Inc. | | 09-10691 (REG) | | BONY MELLON; ACCOUNT # ******4198 | | | 5,000,021 | | | |
| |
| Softline Consulting & Integrators, Inc. | | 09-10713 (REG) | | UNION BANK OF CALIFORNIA;
ACCOUNT # *****11688 | | | 7,240 | | | |
| |
| BearingPoint USA, Inc. | | 09-10705 (REG) | | MELLON BANK; ACCOUNT # ***2629 | | | - | | | |
| |
| BearingPoint Technology Procurement Services, LLC | | 09-10704 (REG) | | CITIBANK - DELAWARE; ACCOUNT #
****9129 | | | - | | | |
| |
| BearingPoint Technology Procurement Services, LLC | | 09-10704 (REG) | | MELLON BANK; ACCOUNT # ***5788 | | | - | | | |
| |
MOR-1a
| | | | | |
| In re BearingPoint, Inc. | | Case No. (Jointly Administered): | |
09-10691 (REG) |
| | | Reporting Period: | | 31-Oct-09 |
| |
| | | Federal Tax I.D. #: | | 22-3680505 |
| | | | | |
| | | Bank Account Information | | |
| | | (Amounts in $’s) | | |
| | | | | | | | | | | |
| |
| Legal Entity | | Case Number | | Bank Name / Account | | Bank Balance | | Explanation |
| |
| BearingPoint Technology Procurement Services, LLC | | 09-10704 (REG) | | PNC BANK; ACCOUNT # ******9814 | | | - | | | |
| |
| BearingPoint Southeast Asia LLC | | 09-10703 (REG) | | BANK OF AMERICA, TAIPEI BRANCH;
ACCOUNT # ****9019 (TWD) | | | 803 | | | |
| |
| BearingPoint Southeast Asia LLC | | 09-10703 (REG) | | BANK OF AMERICA, TAIPEI BRANCH;
ACCOUNT # ****9035 (TWD) | | | 252,752 | | | |
| |
| BearingPoint Puerto Rico, LLC | | 09-10700 (REG) | | CITIBANK-NEW YORK; ACCOUNT # ****3224 | | | 10,229 | | | |
| |
| BearingPoint Israel, LLC | | 09-10699 (REG) | | U BANK, ISREAL; ACCOUNT # 2-69865; IMPREST
ACCOUNT: RUSSIA | | | - | | | |
| |
| BearingPoint Global Operations, Inc. | | 09-10697 (REG) | | HDFC BANK LTD., NEW DELHI,1 INDIA;
ACCOUNT # *********0179 (INR);
IMPREST ACCOUNT: INDIA | | | 47,739 | | | * |
| |
| BearingPoint Global Operations, Inc. | | 09-10697 (REG) | | JSC SB “RBS (KAZAKHSTAN)”;
ACCOUNT # ***5893 (KZT); IMPREST
ACCOUNT: KAZAKHSTAN | | | 17,313 | | | * |
| |
| BearingPoint Global Operations, Inc. | | 09-10697 (REG) | | JSC SB “RBS (KAZAKHSTAN)”;
ACCOUNT # ***5893 (USD); IMPREST
ACCOUNT: KAZAKHSTAN | | | 25,564 | | | * |
| |
| BearingPoint Global Operations, Inc. | | 09-10697 (REG) | | OJSC “TAJIKSODIROTBONK”,
DUSHANBE, TAJIKISTAN; ACCOUNT #
****************1288 (TJS); IMPREST
ACCOUNT: TAJIKISTAN | | | 1,354 | | | * |
| |
| BearingPoint Global Operations, Inc. | | 09-10697 (REG) | | OJSC “TAJIKSODIROTBONK”,
DUSHANBE, TAJIKISTAN; ACCOUNT #
****************1288 (USD); IMPREST
ACCOUNT: TAJIKISTAN | | | 44,068 | | | * |
| |
| BearingPoint Global Operations, Inc. | | 09-10697 (REG) | | RAIFFESENBANK, BELGRADE, SERBIA;
ACCOUNT # ******************1105 (RSD);
IMPREST ACCOUNT: SERBIA | | | 3,544 | | | * |
| |
| BearingPoint Global Operations, Inc. | | 09-10697 (REG) | | RAIFFESENBANK, BELGRADE, SERBIA;
ACCOUNT # ******************1538 (USD);
IMPREST ACCOUNT: SERBIA | | | 88,188 | | | * |
| |
| BearingPoint Global Operations, Inc. | | 09-10697 (REG) | | UNIBANK COMMERCIAL BANK;
ACCOUNT # ********3803AZN63 (AZN);
IMPREST ACCOUNT: AZERBAIJAN | | | - | | | * |
| |
| BearingPoint Global Operations, Inc. | | 09-10697 (REG) | | UNIBANK COMMERCIAL BANK;
ACCOUNT # ********3813USD63 (USD);
IMPREST ACCOUNT: AZERBAIJAN | | | - | | | * |
| |
| BearingPoint Americas, Inc. | | 09-10693 (REG) | | BANCO DE BOGOTÁ; ACCOUNT # 49084510 | | | 309,307 | | | |
| |
| BearingPoint, LLC | | 09-10692 (REG) | | CITIBANK, MOSCOW, RUSSIA;
ACCOUNT # *****2006 (USD); IMPREST
ACCOUNT: RUSSIA | | | - | | | |
| |
| BearingPoint, LLC | | 09-10692 (REG) | | CITIBANK, MOSCOW, RUSSIA;
ACCOUNT # *****2014 (RUB); IMPREST
ACCOUNT: RUSSIA | | | 17 | | | |
| |
| BearingPoint, LLC | | 09-10692 (REG) | | CITIBANK, MOSCOW, RUSSIA;
ACCOUNT # *****8008 (USD); IMPREST
ACCOUNT: RUSSIA | | | 4,449 | | | |
| |
| BearingPoint, LLC | | 09-10692 (REG) | | CITIBANK, MOSCOW, RUSSIA;
ACCOUNT # *****8016 (RUB);
IMPREST ACCOUNT: RUSSIA | | | 7 | | | |
| |
| BearingPoint, LLC | | 09-10692 (REG) | | CITIBANK, MOSCOW, RUSSIA;
ACCOUNT # *****8024 (RUB);
IMPREST ACCOUNT: RUSSIA | | | 112,174 | | | |
| |
| BearingPoint, LLC | | 09-10692 (REG) | | CITIBANK, NAIROBI, KENYA; ACCOUNT #
******1001 (KES); IMPREST ACCOUNT:
KENYA | | | 181 | | | |
| |
| BearingPoint, LLC | | 09-10692 (REG) | | CITIBANK, NAIROBI, KENYA; ACCOUNT #
******1015 (USD); IMPREST ACCOUNT:
KENYA | | | - | | | |
| |
MOR-1a
| | | | | |
| In re BearingPoint, Inc. | | Case No. (Jointly Administered): | |
09-10691 (REG) |
| | | Reporting Period: | | 31-Oct-09 |
| |
| | | Federal Tax I.D. #: | | 22-3680505 |
| | | | | |
| | | Bank Account Information | | |
| | | (Amounts in $’s) | | |
| | | | | | | | | | | |
| |
| Legal Entity | | Case Number | | Bank Name / Account | | Bank Balance | | Explanation |
| |
| BearingPoint, LLC | | 09-10692 (REG) | | CITIBANK, NAIROBI, KENYA; ACCOUNT #
******1023 (KES); IMPREST ACCOUNT:
SUDAN | | | (3 | ) | | * |
| |
| BearingPoint, LLC | | 09-10692 (REG) | | CITIBANK, NAIROBI, KENYA; ACCOUNT #
******1031 (USD); IMPREST ACCOUNT:
SUDAN | | | 144,292 | | | * |
| |
| BearingPoint, LLC | | 09-10692 (REG) | | CITIBANK-NEW YORK; ACCOUNT # ****3187 | | | - | | | |
| |
| BearingPoint, LLC | | 09-10692 (REG) | | CITIBANK-NEW YORK; ACCOUNT # ****3275 | | | - | | | |
| |
| BearingPoint, LLC | | 09-10692 (REG) | | CITIBANK-NEW YORK; ACCOUNT # ****3363 | | | - | | | |
| |
| BearingPoint, LLC | | 09-10692 (REG) | | KENYA COMMERCIAL BANK KENYA;
ACCOUNT # ********8429 (USD);
IMPREST ACCOUNT: SUDAN | | | 11,898 | | | * |
| |
| BearingPoint, LLC | | 09-10692 (REG) | | KENYA COMMERCIAL BANK SUDAN;
ACCOUNT # ********3872 (SDG);
IMPREST ACCOUNT: SUDAN | | | 371 | | | * |
| |
| BearingPoint, LLC | | 09-10692 (REG) | | KENYA COMMERCIAL BANK SUDAN;
ACCOUNT # ********9710 (USD);
IMPREST ACCOUNT: SUDAN | | | 86 | | | * |
| |
| BearingPoint, LLC | | 09-10692 (REG) | | PNC BANK; ACCOUNT # ******5672/5082 | | | - | | | |
| |
| BearingPoint, LLC | | 09-10692 (REG) | | TURKISH BANK; ACCOUNT # ***1029
(USD); IMPREST ACCOUNT: CYPRUS | | | 41,255 | | | * |
| |
| BearingPoint, LLC | | 09-10692 (REG) | | TURKISH BANK; ACCOUNT # ***1048
(TRY); IMPREST ACCOUNT: CYPRUS | | | 653 | | | * |
| |
| BearingPoint, LLC | | 09-10692 (REG) | | TURKISH BANK; ACCOUNT # ***2365
(EURO); IMPREST ACCOUNT: CYPRUS | | | 190 | | | * |
| |
| BearingPoint, LLC | | 09-10692 (REG) | | TURKIYE IS BANKASI A.S., ISTANBUL, TURKEY;
ACCOUNT # *************8090; IMPREST
ACCOUNT: TURKEY | | | - | | | |
| |
| BearingPoint, LLC | | 09-10692 (REG) | | TURKIYE IS BANKASI A.S., ISTANBUL,
TURKEY; ACCOUNT # *************8400;
IMPREST ACCOUNT: TURKEY | | | - | | | |
| |
| BearingPoint, LLC | | 09-10692 (REG) | | TURKIYE IS BANKASI A.S., ISTANBUL,
TURKEY; ACCOUNT # *******1645
(USD); IMPREST ACCOUNT: TURKEY | | | - | | | |
| |
| BearingPoint, LLC | | 09-10692 (REG) | | TURKIYE IS BANKASI A.S., ISTANBUL,
TURKEY; ACCOUNT # ******0509 (USD);
IMPREST ACCOUNT: TURKEY | | | - | | | |
| |
| BearingPoint, LLC | | 09-10692 (REG) | | TURKIYE IS BANKASI A.S., ISTANBUL,
TURKEY; ACCOUNT # ******4220 (TRY);
IMPREST ACCOUNT: TURKEY | | | - | | | |
| |
Note: All amounts listed are the Bank Balances as of the end of the month.
[A] - In early April 2009, the Legal Entity owner of this account was changed from BearingPoint, LLC to BearingPoint, Inc. and effective in April 2009, all applicable schedules within the MOR have been updated to reflect this change.
[B] - In May 2009, this account was opened with the Legal Entity owner of BearingPoint, Inc.
[C] - In June 2009, this account was opened with the Legal Entity owner of BearingPoint, Inc.
* - Although these bank accounts are legally owned by the respective Debtor entity, the cash balances within these accounts are payable to Deloitte LLP as part of the Asset Purchase Agreement approved by the Bankruptcy Court in April 2009 and closed in May 2009.
[D] - In July 2009, this account was opened with the Legal Entity owner of BearingPoint, Inc. to escrow sale proceeds received from Keane, Inc.
| | | | | |
| | | | | MOR-2 |
In re BearingPoint, Inc. | | Case No. (Jointly Administered): | | 09-10691 (REG) |
| | | Reporting Period: | | 31-Oct-09 |
| | | | | |
| | | Federal Tax I.D.#: | | 22-3680505 |
Statement of Operations
(Amounts in 000’s)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | BearingPoint Americas, | | | | | | | | | BearingPoint International | | | | | | |
| | Account | | | BearingPoint, Inc. | | | | BearingPoint, LLC | | | | Inc. | | | | BearingPoint Global, Inc. | | | | I, Inc. | | | | BearingPoint USA, Inc. | | |
| | Description | | | 09-10691 (REG) | | | | 09-10692 (REG) | | | | 09-10693 (REG) | | | | 09-10696 (REG) | | | | 09-10698 (REG) | | | | 09-10705 (REG) | | |
| | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Revenue | | | | $689 | | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | | |
| | Cost of Service: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Net Compensation - Client Service | | | | 909 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Other Direct Contract Expenses | | | | 617 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Lease and Facilities Restructuring Charge | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Other Costs of Services | | | | (210 | ) | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | | | | | | | | | | | | | | | | | | | | |
| | Total Cost of Service | | | | 1,316 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | | | | | | | | | | | | | | | | | | | | |
| | Gross Margin | | | | (627 | ) | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Selling, General, and Administration | | | | 3,614 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 87 | | |
| | | | | | | | | | | | | | | | | | | | | |
| | Operating Income/(Loss) | | | | (4,241 | ) | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | (87 | ) | |
| | Interest Income/(Expense), net | | | | 1,156 | | | | | (178 | ) | | | | (60 | ) | | | | 0 | | | | | 0 | | | | | (770 | ) | |
| | Other Income/(Expense), net | | | | (3,228 | ) | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 1 | | |
| | Reorganization Income/(Expense), net | | | | (7,857 | ) | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | | | | | | | | | | | | | | | | | | | | |
| | Income/(Loss) Before Taxes | | | | (14,170 | ) | | | | (178 | ) | | | | (60 | ) | | | | 0 | | | | | 0 | | | | | (856 | ) | |
| | Benefit/(Provision) for Income Taxes | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Income/(Loss) from Discontinued Operations, net | | | | 53,074 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | | | | | | | | | | | | | | | | | | | | |
| | Net Income/(Loss) Before Affiliate Earnings/(Loss) | | | | $38,904 | | | | | ($178 | ) | | | | ($60 | ) | | | | $0 | | | | | $0 | | | | | ($856 | ) | |
| | | | | | | | | | | | | | | | | | | | | |
Refer to the accompanying Notes to the MOR.
| | | | | |
| | | | | MOR-2 |
In re BearingPoint, Inc. | | Case No. (Jointly Administered): | | 09-10691 (REG) |
| | | Reporting Period: | | 31-Oct-09 |
| | | | | |
| | | Federal Tax I.D.#: | | 22-3680505 |
Statement of Operations
(Amounts in 000’s)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | BE New York Holdings, | | | | | | | | | | | | | | BearingPoint Technology | | |
| | Account | | | OAD Acquisition Corp. | | | | OAD Group, Inc. | | | | Inc. | | | | Metrius, Inc. | | | | Softline Acquisition Corp. | | | | Procurement Services, LLC | | |
| | Description | | | 09-10709 (REG) | | | | 09-10710 (REG) | | | | 09-10690 (REG) | | | | 09-10708 (REG) | | | | 09-10712 (REG) | | | | 09-10704 (REG) | | |
| | | | | | | | | | | | | | | | | | | | | |
| |
| | Revenue | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | | |
| | Cost of Service: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Net Compensation - Client Service | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Other Direct Contract Expenses | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Lease and Facilities Restructuring Charge | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Other Costs of Services | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | | | | | | | | | | | | | | | | | | | | |
| | Total Cost of Service | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | | | | | | | | | | | | | | | | | | | | |
| | Gross Margin | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Selling, General, and Administration | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | | | | | | | | | | | | | | | | | | | | |
| | Operating Income/(Loss) | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Interest Income/(Expense), net | | | | 0 | | | | | 30 | | | | | 0 | | | | | 9 | | | | | (75 | ) | | | | 195 | | |
| | Other Income/(Expense), net | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Reorganization Income/(Expense), net | | | | (866 | ) | | | | 211 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 461 | | |
| | | | | | | | | | | | | | | | | | | | | |
| | Income/(Loss) Before Taxes | | | | (866 | ) | | | | 241 | | | | | 0 | | | | | 9 | | | | | (75 | ) | | | | 656 | | |
| | Benefit/(Provision) for Income Taxes | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Income/(Loss) from Discontinued Operations, net | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 56 | | |
| | | | | | | | | | | | | | | | | | | | | |
| | Net Income/(Loss) Before Affiliate Earnings/(Loss) | | | | ($866 | ) | | | | $241 | | | | | $0 | | | | | $9 | | | | | ($75 | ) | | | | $712 | | |
| | | | | | | | | | | | | | | | | | | | | |
Refer to the accompanying Notes to the MOR.
| | | | | |
| | | | | MOR-2 |
In re BearingPoint, Inc. | | Case No. (Jointly Administered): | | 09-10691 (REG) |
| | | Reporting Period: | | 31-Oct-09 |
| | | | | |
| | | Federal Tax I.D.#: | | 22-3680505 |
Statement of Operations
(Amounts in 000’s)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | BearingPoint Puerto Rico, | | | | | | | | | BearingPoint South Pacific, | | | | BearingPoint Southeast | | | | | | |
| | Account | | | BearingPoint Israel, LLC | | | | LLC | | | | BearingPoint Russia, LLC | | | | LLC | | | | Asia LLC | | | | i2 Mid Atlantic LLC | | |
| | Description | | | 09-10699 (REG) | | | | 09-10700 (REG) | | | | 09-10701 (REG) | | | | 09-10702 (REG) | | | | 09-10703 (REG) | | | | 09-10706 (REG) | | |
| | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Revenue | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | | |
| | Cost of Service: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Net Compensation - Client Service | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Other Direct Contract Expenses | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Lease and Facilities Restructuring Charge | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Other Costs of Services | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | | | | | | | | | | | | | | | | | | | | |
| | Total Cost of Service | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | | | | | | | | | | | | | | | | | | | | |
| | Gross Margin | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Selling, General, and Administration | | | | 0 | | | | | 2 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | | | | | | | | | | | | | | | | | | | | |
| | Operating Income/(Loss) | | | | 0 | | | | | (2 | ) | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Interest Income/(Expense), net | | | | 0 | | | | | 3 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Other Income/(Expense), net | | | | 0 | | | | | (11 | ) | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Reorganization Income/(Expense), net | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | | | | | | | | | | | | | | | | | | | | |
| | Income/(Loss) Before Taxes | | | | 0 | | | | | (10 | ) | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Benefit/(Provision) for Income Taxes | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Income/(Loss) from Discontinued Operations, net | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | | | | | | | | | | | | | | | | | | | | |
| | Net Income/(Loss) Before Affiliate Earnings/(Loss) | | | | $0 | | | | | ($10 | ) | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | | |
| | | | | | | | | | | | | | | | | | | | | |
Refer to the accompanying Notes to the MOR.
| | | | | |
| | | | | MOR-2 |
In re BearingPoint, Inc. | | Case No. (Jointly Administered): | | 09-10691 (REG) |
| | | Reporting Period: | | 31-Oct-09 |
| | | | | |
| | | Federal Tax I.D.#: | | 22-3680505 |
Statement of Operations
(Amounts in 000’s)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | BearingPoint Enterprise | | | | BearingPoint Global | | | | Softline Consulting & | | |
| | Account | | | i2 Northwest LLC | | | | Peloton Holdings, L.L.C. | | | | BearingPoint BG, LLC | | | | Holdings, LLC | | | | Operations, Inc. | | | | Integrators, Inc. | | |
| | Description | | | 09-10707 (REG) | | | | 09-10711 (REG) | | | | 09-10694 (REG) | | | | 09-10695 (REG) | | | | 09-10697 (REG) | | | | 09-10713 (REG) | | |
| | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Revenue | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | | |
| | Cost of Service: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Net Compensation - Client Service | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Other Direct Contract Expenses | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Lease and Facilities Restructuring Charge | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Other Costs of Services | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | | | | | | | | | | | | | | | | | | | | |
| | Total Cost of Service | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | | | | | | | | | | | | | | | | | | | | |
| | Gross Margin | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Selling, General, and Administration | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | | | | | | | | | | | | | | | | | | | | |
| | Operating Income/(Loss) | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Interest Income/(Expense), net | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Other Income/(Expense), net | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Reorganization Income/(Expense), net | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | �� | | | 0 | | |
| | | | | | | | | | | | | | | | | | | | | |
| | Income/(Loss) Before Taxes | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Benefit/(Provision) for Income Taxes | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Income/(Loss) from Discontinued Operations, net | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | | | | | | | | | | | | | | | | | | | | |
| | Net Income/(Loss) Before Affiliate Earnings/(Loss) | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | | |
| | | | | | | | | | | | | | | | | | | | | |
Refer to the accompanying Notes to the MOR.
| | | | | |
| | | | | MOR-3 |
In re BearingPoint, Inc. | | Case No. (Jointly Administered): | | 09-10691 (REG) |
| | | Reporting Period: | | 31-Oct-09 |
| | | | | |
| | | Federal Tax I.D.#: | | 22-3680505 |
Balance Sheets
(Amounts in 000’s)
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| | | | | | | | | | | | | | | BearingPoint Americas, | | | | | | | | | BearingPoint International | | | | | | | | | | | | | | |
| | Account | | | BearingPoint, Inc. | | | | BearingPoint, LLC | | | | Inc. | | | | BearingPoint Global, Inc. | | | | I, Inc. | | | | BearingPoint USA, Inc. | | | | OAD Acquisition Corp. | | | | OAD Group, Inc. | | |
| | Description | | | 09-10691 (REG) | | | | 09-10692 (REG) | | | | 09-10693 (REG) | | | | 09-10696 (REG) | | | | 09-10698 (REG) | | | | 09-10705 (REG) | | | | 09-10709 (REG) | | | | 09-10710 (REG) | | |
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| | ASSETS | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Current Assets: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Cash and Cash Equivalents | | | | $27,840 | | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | |
| | Restricted Cash Accounts | | | | 5,000 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Net A/R | | | | 5,124 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 10 | | | | | 0 | | | | | (53 | ) |
| | Unbilled Revenues | | | | 2,915 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Income Taxes | | | | 7,502 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Deferred Tax Assets Current | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Prepaid Expenses | | | | 48,063 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Other Current Assets | | | | 3,712 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 6 | | | | | 0 | | | | | 0 | |
| | Inter Entity Receivables Current | | | | 847,055 | | | | | 87,977 | | | | | 3,986 | | | | | 0 | | | | | 150,081 | | | | | 30,352 | | | | | 1,117 | | | | | 44,043 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Total Current Assets | | | | 947,211 | | | | | 87,977 | | | | | 3,986 | | | | | 0 | | | | | 150,081 | | | | | 30,368 | | | | | 1,117 | | | | | 43,990 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Property and Equipment, net | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Goodwill | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Deferred Tax Assets | | | | 7,286 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Other Noncurrent Assets | | | | 8,452 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Inter Entity Loans Non-Current Rec | | | | 94,388 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 59,900 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Inter Entity Investment in Sub | | | | (288,167 | ) | | | | (169,035 | ) | | | | (25,805 | ) | | | | (4,527 | ) | | | | (51,608 | ) | | | | 0 | | | | | (2,952 | ) | | | | 0 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Total Assets | | | | $769,170 | | | | | ($81,058 | ) | | | | ($21,819 | ) | | | | ($4,527 | ) | | | | $158,373 | | | | | $30,368 | | | | | ($1,835 | ) | | | | $43,990 | |
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| | LIABILITIES AND STOCKHOLDERS’ EQUITY/(DEFICIT) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Current Liabilities: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Notes Payable Current | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | |
| | Accounts Payable | | | | 18,832 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Accrued Payroll & Empl Benefits | | | | 32,316 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 10 | | | | | 0 | | | | | (21 | ) |
| | Deferred Revenue | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Corporate Income Tax Payable | | | | 3,771 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 671 | |
| | Current Portion of Accrued Lease & Facilities Charge | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Deferred Income Taxes | | | | 33,953 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Legal Liabilities | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Other Current Liabilities | | | | 15,218 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 67 | | | | | 0 | | | | | 27 | |
| | Inter Entity Liability Current | | | | 603,759 | | | | | 73,703 | | | | | 17,749 | | | | | 0 | | | | | 209,993 | | | | | 16,878 | | | | | 877 | | | | | 36,474 | |
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| | Total Current Liabilities | | | | 707,849 | | | | | 73,703 | | | | | 17,749 | | | | | 0 | | | | | 209,993 | | | | | 16,955 | | | | | 877 | | | | | 37,151 | |
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| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Liabilities Subject to Compromise | | | | 813,981 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Notes Payable less Current Portion | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Pension Liability | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Occupancy Charge, less Current Portion | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Deferred Income Taxes, less Current Portion | | | | 9,730 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Income Tax Reserve | | | | 241,248 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Other Liabilities | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Inter Entity Loans Non-Current Payable | | | | 1,072 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 59,900 | | | | | 0 | | | | | 0 | |
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| | Total Liabilities | | | | 1,773,880 | | | | | 73,703 | | | | | 17,749 | | | | | 0 | | | | | 209,993 | | | | | 76,855 | | | | | 877 | | | | | 37,151 | |
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| | Stockholders’ Equity/(Deficit): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Common Stock | | | | 2,244 | | | | | 6,051 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Additional Paid In Capital | | | | 1,455,278 | | | | | 57,788 | | | | | 3,877 | | | | | 0 | | | | | 0 | | | | | 4,797 | | | | | 9,178 | | | | | 0 | |
| | Accumulated Equity/(Deficit) | | | | (2,353,530 | ) | | | | (218,600 | ) | | | | (47,431 | ) | | | | (3,263 | ) | | | | (51,620 | ) | | | | (51,284 | ) | | | | (11,890 | ) | | | | 6,839 | |
| | Other Comprehensive Income | | | | (70,422 | ) | | | | 0 | | | | | 3,986 | | | | | (1,264 | ) | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Notes Receivable from Stockholders | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Treasury Stock | | | | (38,280 | ) | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Deferred Compensation | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
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| | Total Stockholders’ Equity/(Deficit) | | | | (1,004,710 | ) | | | | (154,761 | ) | | | | (39,568 | ) | | | | (4,527 | ) | | | | (51,620 | ) | | | | (46,487 | ) | | | | (2,712 | ) | | | | 6,839 | |
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| | Total Liabilities & Stockholders’ Equity/(Deficit) | | | | $769,170 | | | | | ($81,058 | ) | | | | ($21,819 | ) | | | | ($4,527 | ) | | | | $158,373 | | | | | $30,368 | | | | | ($1,835 | ) | | | | $43,990 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
Refer to the accompanying Notes to the MOR.
| | | | | |
| | | | | MOR-3 |
In re BearingPoint, Inc. | | Case No. (Jointly Administered): | | 09-10691 (REG) |
| | | Reporting Period: | | 31-Oct-09 |
| | | | | |
| | | Federal Tax I.D.#: | | 22-3680505 |
Balance Sheets
(Amounts in 000’s)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
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| | | | | | | | | | | | | | | | | | | | BearingPoint Technology | | | | | | | | | | | | | | | | | | | | |
| | | | | BE New York Holdings, | | | | | | | | | | | | | | Procurement Services, | | | | | | | | | BearingPoint Puerto Rico, | | | | | | | | | BearingPoint South | | |
| | Account | | | Inc. | | | | Metrius, Inc. | | | | Softline Acquisition Corp. | | | | LLC | | | | BearingPoint Israel, LLC | | | | LLC | | | | BearingPoint Russia, LLC | | | | Pacific, LLC | | |
| | Description | | | 09-10690 (REG) | | | | 09-10708 (REG) | | | | 09-10712 (REG) | | | | 09-10704 (REG) | | | | 09-10699 (REG) | | | | 09-10700 (REG) | | | | 09-10701 (REG) | | | | 09-10702 (REG) | | |
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| | ASSETS | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Current Assets: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Cash and Cash Equivalents | | | | $0 | | | | | $0 | | | | | $7 | | | | | $0 | | | | | $0 | | | | | $11 | | | | | $0 | | | | | $0 | |
| | Restricted Cash Accounts | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Net A/R | | | | 0 | | | | | 0 | | | | | 0 | | | | | 37 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Unbilled Revenues | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Income Taxes | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Deferred Tax Assets Current | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Prepaid Expenses | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 103 | | | | | 0 | | | | | 0 | |
| | Other Current Assets | | | | 0 | | | | | 0 | | | | | 0 | | | | | (16 | ) | | | | 0 | | | | | 3 | | | | | 0 | | | | | 0 | |
| | Inter Entity Receivables Current | | | | 0 | | | | | 2,446 | | | | | 13,991 | | | | | 209,503 | | | | | 0 | | | | | 1,276 | | | | | 0 | | | | | 0 | |
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| | Total Current Assets | | | | 0 | | | | | 2,446 | | | | | 13,998 | | | | | 209,524 | | | | | 0 | | | | | 1,393 | | | | | 0 | | | | | 0 | |
| |
| | Property and Equipment, net | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Goodwill | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Deferred Tax Assets | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 697 | | | | | 0 | | | | | 0 | |
| | Other Noncurrent Assets | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Inter Entity Loans Non-Current Rec | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Inter Entity Investment in Sub | | | | 8,816 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | (7,433 | ) | | | | 0 | | | | | 0 | | | | | (185 | ) |
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| | Total Assets | | | | $8,816 | | | | | $2,446 | | | | | $13,998 | | | | | $209,524 | | | | | ($7,433 | ) | | | | $2,090 | | | | | $0 | | | | | ($185 | ) |
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| | LIABILITIES AND STOCKHOLDERS’ EQUITY/(DEFICIT) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Current Liabilities: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Notes Payable Current | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | |
| | Accounts Payable | | | | 0 | | | | | 0 | | | | | 0 | | | | | 32 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Accrued Payroll & Empl Benefits | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 879 | | | | | 0 | | | | | 0 | |
| | Deferred Revenue | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Corporate Income Tax Payable | | | | 0 | | | | | 0 | | | | | 0 | | | | | (42 | ) | | | | 0 | | | | | 536 | | | | | 0 | | | | | 0 | |
| | Current Portion of Accrued Lease & Facilities Charge | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Deferred Income Taxes | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Legal Liabilities | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Other Current Liabilities | | | | 0 | | | | | 26 | | | | | 109 | | | | | (86 | ) | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Inter Entity Liability Current | | | | 163 | | | | | 16,284 | | | | | 139,312 | | | | | 143,159 | | | | | 0 | | | | | 1,155 | | | | | 0 | | | | | 0 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Total Current Liabilities | | | | 163 | | | | | 16,310 | | | | | 139,421 | | | | | 143,063 | | | | | 0 | | | | | 2,570 | | | | | 0 | | | | | 0 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
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| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Liabilities Subject to Compromise | | | | 0 | | | | | 0 | | | | | 0 | | | | | 3 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Notes Payable less Current Portion | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Pension Liability | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Occupancy Charge, less Current Portion | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Deferred Income Taxes, less Current Portion | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Income Tax Reserve | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Other Liabilities | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Inter Entity Loans Non-Current Payable | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Total Liabilities | | | | 163 | | | | | 16,310 | | | | | 139,421 | | | | | 143,066 | | | | | 0 | | | | | 2,570 | | | | | 0 | | | | | 0 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Stockholders’ Equity/(Deficit): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Common Stock | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Additional Paid In Capital | | | | 0 | | | | | 0 | | | | | (17,958 | ) | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Accumulated Equity/(Deficit) | | | | 8,653 | | | | | (13,864 | ) | | | | (107,465 | ) | | | | 66,458 | | | | | (7,433 | ) | | | | (480 | ) | | | | 0 | | | | | (185 | ) |
| | Other Comprehensive Income | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Notes Receivable from Stockholders | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Treasury Stock | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | Deferred Compensation | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Total Stockholders’ Equity/(Deficit) | | | | 8,653 | | | | | (13,864 | ) | | | | (125,423 | ) | | | | 66,458 | | | | | (7,433 | ) | | | | (480 | ) | | | | 0 | | | | | (185 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Total Liabilities & Stockholders’ Equity/(Deficit) | | | | $8,816 | | | | | $2,446 | | | | | $13,998 | | | | | $209,524 | | | | | ($7,433 | ) | | | | $2,090 | | | | | $0 | | | | | ($185 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
Refer to the accompanying Notes to the MOR.
| | | | | |
| | | | | MOR-3 |
In re BearingPoint, Inc. | | Case No. (Jointly Administered): | | 09-10691 (REG) |
| | | Reporting Period: | | 31-Oct-09 |
| | | | | |
| | | Federal Tax I.D.#: | | 22-3680505 |
Balance Sheets
(Amounts in 000’s)
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| | | | | BearingPoint Southeast | | | | | | | | | | | | | | | | | | | | | | | | BearingPoint Enterprise | | | | BearingPoint Global | | | | Softline Consulting & | | |
| | Account | | | Asia LLC | | | | i2 Mid Atlantic LLC | | | | i2 Northwest LLC | | | | Peloton Holdings, L.L.C. | | | | BearingPoint BG, LLC | | | | Holdings, LLC | | | | Operations, Inc. | | | | Integrators, Inc. | | |
| | Description | | | 09-10703 (REG) | | | | 09-10706 (REG) | | | | 09-10707 (REG) | | | | 09-10711 (REG) | | | | 09-10694 (REG) | | | | 09-10695 (REG) | | | | 09-10697 (REG) | | | | 09-10713 (REG) | | |
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| | ASSETS | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Current Assets: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Cash and Cash Equivalents | | | | $0 | | | | | $0 | | | | | $0 | | | | | $1 | | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | | |
| | Restricted Cash Accounts | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Net A/R | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Unbilled Revenues | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Income Taxes | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Deferred Tax Assets Current | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Prepaid Expenses | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Other Current Assets | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Inter Entity Receivables Current | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
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| | Total Current Assets | | | | 0 | | | | | 0 | | | | | 0 | | | | | 1 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Property and Equipment, net | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Goodwill | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Deferred Tax Assets | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Other Noncurrent Assets | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Inter Entity Loans Non-Current Rec | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Inter Entity Investment in Sub | | | | (4,406 | ) | | | | 0 | | | | | 0 | | | | | (1,608 | ) | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
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| | Total Assets | | | | ($4,406 | ) | | | | $0 | | | | | $0 | | | | | ($1,607 | ) | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | | |
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| | LIABILITIES AND STOCKHOLDERS’ EQUITY/(DEFICIT) | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Current Liabilities: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Notes Payable Current | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | | |
| | Accounts Payable | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Accrued Payroll & Empl Benefits | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Deferred Revenue | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Corporate Income Tax Payable | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Current Portion of Accrued Lease & Facilities Charge | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Deferred Income Taxes | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Legal Liabilities | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Other Current Liabilities | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Inter Entity Liability Current | | | | 0 | | | | | 1,209 | | | | | 7,714 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
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| | Total Current Liabilities | | | | 0 | | | | | 1,209 | | | | | 7,714 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
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| | Liabilities Subject to Compromise | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
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| | Notes Payable less Current Portion | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Pension Liability | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Occupancy Charge, less Current Portion | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Deferred Income Taxes, less Current Portion | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Income Tax Reserve | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Other Liabilities | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Inter Entity Loans Non-Current Payable | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
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| | Total Liabilities | | | | 0 | | | | | 1,209 | | | | | 7,714 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
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| | Stockholders’ Equity/(Deficit): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Common Stock | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Additional Paid In Capital | | | | 0 | | | | | 0 | | | | | 0 | | | | | 1 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Accumulated Equity/(Deficit) | | | | (4,406 | ) | | | | (1,209 | ) | | | | (7,714 | ) | | | | (1,608 | ) | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Other Comprehensive Income | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Notes Receivable from Stockholders | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Treasury Stock | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
| | Deferred Compensation | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
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| | Total Stockholders’ Equity/(Deficit) | | | | (4,406 | ) | | | | (1,209 | ) | | | | (7,714 | ) | | | | (1,607 | ) | | | | 0 | | | | | 0 | | | | | 0 | | | | | 0 | | |
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| | Total Liabilities & Stockholders’ Equity/(Deficit) | | | | ($4,406 | ) | | | | $0 | | | | | $0 | | | | | ($1,607 | ) | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
Refer to the accompanying Notes to the MOR.
| | | | | |
| | | | | MOR-4 |
In re BearingPoint, Inc. | | Case No. (Jointly Administered): | | 09-10691 (REG) |
| | | Reporting Period: | | 31-Oct-09 |
| | | | | |
| | | Federal Tax I.D.#: | | 22-3680505 |
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| Status of Post-petition Taxes | |
| (Amounts in $’s) | |
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| | | | | Beginning | | | | Amount | | | | | | | | | Ending | | |
| | | | | Tax | | | | Withheld or | | | | Amount | | | | Tax | | |
| Post-petition Taxes | | | | Liability | | | | Accrued | | | | Paid | | | | Liability | | |
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| Payroll Taxes - Federal | | | | | ($370,603 | ) | | | | ($192,982 | ) | | | | $198,905 | | | | | ($364,680 | ) | |
| Payroll Taxes - State | | | | | ($724,432 | ) | | | | $303,027 | | | | | $421,405 | | | | | $0 | | |
| Payroll Taxes - Local | | | | | ($261 | ) | | | | ($423 | ) | | | | $684 | | | | | $0 | | |
| Payroll Taxes - Other | | | | | ($1,565 | ) | | | | $1,343 | | | | | $222 | | | | | $0 | | |
| Real Estate and Personal Property | | | | | $0 | | | | | $0 | | | | | $0 | | | | | $0 | | |
| Sales and Use | | | | | ($5,177 | ) | | | | ($17,887 | ) | | | | $5,177 | | | | | ($17,887 | ) | |
| Other | | | | | ($214,481 | ) | | | | $0 | | | | | $13,298 | | | | | ($201,183 | ) | |
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| Total Taxes | | | $ | | (1,316,519 | ) | | $ | | 93,078 | | | $ | | 639,691 | | | $ | | (583,750 | ) | |
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| | | | | MOR-7 |
In re BearingPoint, Inc. | | Case No. (Jointly Administered): | | 09-10691 (REG) |
| | | Reporting Period: | | 31-Oct-09 |
| | | | | |
| | | Federal Tax I.D.#: | | 22-3680505 |
Debtor Questionnaire
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| | | Must be completed each month. If the answer to any of the questions is “Yes”, | | | | | | | | | | | |
| | | provide a detailed explanation of each item. Attach additional sheets if | | | | | | | | | | | |
| | | necessary. | | | Yes | | | No | | | Explanation | | |
| | 1 | Have any assets been sold or transferred outside the normal course of business this reporting period? | | | X | | | | | | | [A] | | |
| | 2 | Have any funds been disbursed from any account other than a debtor in possession account this reporting period? | | | | | | X | | | | | | |
| | 3 | Is the Debtor delinquent in the timely filing of any post-petition tax returns? | | | | | | X | | | | | | |
| | 4 | Are workers compensation, general liability or other necessary insurance coverages expired or cancelled, or has the Debtor received notice of expiration or cancellation of such policies? | | | | | | X | | | | | | |
| | 5 | Is the Debtor delinquent in paying any insurance premium payment? | | | | | | X | | | | | | |
| | 6 | Have any payments been made on pre-petition liabilities this reporting period? | | | X | | | | | | | [B] | | |
| | 7 | Are any post-petition receivables (accounts, notes or loans) due from related parties? | | | X | | | | | | | [C] | | |
| | 8 | Are any post-petition payroll taxes past due? | | | | | | X | | | | | | |
| | 9 | Are any post-petition State or Federal income taxes past due? | | | | | | X | | | | | | |
| | 10 | Are any post-petition real estate taxes past due? | | | | | | X | | | | | | |
| | 11 | Are any other post-petition taxes past due? | | | | | | X | | | | | | |
| | 12 | Have any pre-petition taxes been paid during this reporting period? | | | | | | X | | | | | | |
| | 13 | Are any amounts owed to post-petition creditors delinquent? | | | | | | X | | | | | | |
| | 14 | Are any wage payments past due? | | | | | | X | | | | | | |
| | 15 | Have any post-petition loans been received by the Debtor from any party? | | | | | | X | | | | | | |
| | 16 | Is the Debtor delinquent in paying any U.S. Trustee fees? | | | | | | X | | | | | | |
| | 17 | Is the Debtor delinquent with any court ordered payments to attorneys or other professionals? | | | | | | X | | | | | | |
| | 18 | Have the owners or shareholders received any compensation outside of the normal course of business? | | | | | | X | | | | | | |
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| | [A]: On September 29, 2009, BearingPoint, Inc. entered into an Equity Purchase Agreement with Perot Systems TSI (Mauritius) Pvt. Ltd relating to the purchase and sale of 100% of the equity interests of BearingPoint Management Consulting (Shanghai) Ltd. for a purchase price of approximately $3.2 million (subject to adjustment) (the “BearingPoint China Consulting Transaction”). Although closing of the BearingPoint China Consulting Transaction occurred on October 30, 2009, the respective proceeds were received in November 2009, and therefore not reflected in MOR-1. |
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| | [B]: Pre-petition payments made during the respective period were based upon approval by the U.S. Bankruptcy Court. Due to the volume of transactions, support shall be furnished upon request. |
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| | [C]: Post-petition receivables due from related parties consist of intercompany activities between the Debtors and non-debtors. Due to the volume of transactions, support shall be furnished upon request. |
