Exhibit 99.2
| | | | | Monthly Operating Report |
| | |
| CASE NAME: | | Daisytek, Incorporated B.A. Pargh Company Virtual Demand, Inc. | | ACCRUAL BASIS |
| | |
| CASE NUMBER: | | 03-34762-HDH-11 | | 02/13/95, RWD, 2/96 |
| | |
| JUDGE: | | H.D. Hale | | |
UNITED STATES BANKRUPTCY COURT
| NORTHERN | | DISTRICT OF | | TEXAS |
| | |
| | | 6 DIVISION | | |
MONTHLY OPERATING REPORT-REVISED
MONTH ENDING: August 31, 2003
IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE.
| RESPONSIBLE PARTY: | | |
| |
/s/ Eric T. Logan
| | Interim Chief Financial Officer
|
ORIGINAL SIGNATURE OF RESPONSIBLE PARTY | | TITLE |
| |
Eric T. Logan
| | September 19, 2003
|
PRINTED NAME OF RESPONSIBLE PARTY | | DATE |
| |
| PREPARER: | | |
| |
/s/ Mark Corjay
| | Vice President, Controller
|
ORIGINAL SIGNATURE OF PREPARER | | TITLE |
| |
Mark Corjay
| | September 19, 2003
|
PRINTED NAME OF PREPARER | | DATE |
| | | | | Monthly Operating Report |
| | |
| CASE NAME: | | Daisytek, Incorporated B.A. Pargh Company Virtual Demand, Inc. | | ACCRUAL BASIS-1 |
| | |
| CASE NUMBER: | | 03-34762-HDH-11 | | 02/13/95, RWD, 2/96 |
COMPARATIVE BALANCE SHEET
| | | | | SCHEDULE
| | | MONTH May 31,
2003
| | | MONTH June 30,
2003
| | | MONTH 07/31/03
| | | MONTH August 31,
2003
| |
| ASSETS | | | | | | | | | | | | | | | | | | | | |
1. | | UNRESTRICTED CASH | | $ | 1,296,376 | | | $ | 4,054,267 | | | $ | 5,668,345 | | | $ | 4,087,393 | | | $ | 6,915,170 | |
2. | | RESTRICTED CASH | | | | | | | | | | | | | | | | | | | | |
3. | | TOTAL CASH | | $ | 1,296,376 | | | $ | 4,054,267 | | | $ | 5,668,345 | | | $ | 4,087,393 | | | $ | 6,915,170 | |
4. | | ACCOUNTS RECEIVABLE (NET) | | $ | 17,323,114 | | | $ | 9,878,718 | | | $ | 6,087,869 | | | $ | 5,438,355 | | | $ | 3,900,921 | |
5. | | INVENTORY | | $ | 29,488,615 | | | $ | 27,836,274 | | | $ | 19,630,038 | | | $ | 10,953,376 | | | $ | 7,311,755 | |
6. | | NOTES RECEIVABLE | | | | | | | | | | | | | | | | | | | | |
7. | | PREPAID EXPENSES | | $ | 4,385,371 | | | $ | 5,568,105 | | | $ | 5,867,949 | | | $ | 4,691,892 | | | $ | 4,516,438 | |
8. | | OTHER (ATTACH LIST) | | | | | | | | | | | | | | | | | | | | |
| | | Intercompany accounts receivable,net | | $ | 8,302,227 | | | $ | 8,851,383 | | | $ | 13,236,298 | | | $ | 13,036,952 | | | $ | 10,724,861 | |
| | | Credit card and other receivables | | $ | 221,169 | | | $ | 142,089 | | | $ | 630,864 | | | $ | 174,832 | | | $ | 203,515 | |
| | | Deferred tax asset | | $ | 28,497,969 | | | $ | 28,239,610 | | | $ | 28,239,610 | | | $ | 28,239,610 | | | $ | 28,239,610 | |
| | | Taxes receivable | | $ | 8,317,016 | | | $ | 9,948,656 | | | $ | 12,348,113 | | | $ | 16,230,699 | | | $ | 13,831,291 | |
| | | Prepaid merchandise | | $ | 0 | | | $ | 0 | | | | | | | | | | | | | |
| | | Employee payroll/travel advances | | $ | 23,768 | | | $ | 13,631 | | | $ | 21,047 | | | $ | 23,185 | | | $ | 26,620 | |
| | | TOTAL OTHER | | $ | 45,362,149 | | | $ | 47,195,369 | | | $ | 54,475,932 | | | $ | 57,705,278 | | | $ | 53,025,897 | |
9. | | TOTAL CURRENT ASSETS | | $ | 97,855,625 | | | $ | 94,532,733 | | | $ | 91,730,133 | | | $ | 82,876,294 | | | $ | 75,670,181 | |
10. | | PROPERTY, PLANT & EQUIPMENT | | $ | 46,587,581 | | | $ | 46,627,279 | | | $ | 46,627,279 | | | $ | 46,627,279 | | | $ | 46,618,679 | |
11. | | LESS: ACCUMULATED DEPRECIATION / DEPLETION | | $ | 18,626,655 | | | $ | 19,088,891 | | | $ | 19,638,593 | | | $ | 20,185,000 | | | $ | 20,728,502 | |
12. | | NET PROPERTY, PLANT & EQUIPMENT | | $ | 27,960,926 | | | $ | 27,538,388 | | | $ | 26,988,686 | | | $ | 26,442,279 | | | $ | 25,890,177 | |
13. | | DUE FROM INSIDERS | | $ | 67,289 | | | $ | 67,289 | | | $ | 8,600 | | | | | | | | | |
14. | | OTHER ASSETS—NET OF OTHER AMORTIZATIONS | | | | | | | | | | | | | | | | | | | | |
| | | Reserve—due from insiders | | $ | (58,689 | ) | | $ | (58,689 | ) | | | | | | | | | | | | |
| | | Deferred acquisition costs | | $ | 3,196,694 | | | $ | 3,196,694 | | | $ | 3,196,684 | | | $ | 3,196,684 | | | $ | 3,196,684 | |
| | | Software development assets | | $ | 366,231 | | | $ | 0 | | | $ | 0 | | | | | | | | | |
| | | TOTAL OTHER ASSETS—NET OF AMORTIZATION | | $ | 3,504,236 | | | $ | 3,138,005 | | | $ | 3,196,684 | | | $ | 3,196,684 | | | $ | 3,196,684 | |
15. | | OTHER (ATTACH LIST) | | $ | 0 | | | $ | 0 | | | | | | | | | | | | | |
16. | | TOTAL ASSETS | | $ | 129,388,076 | | | $ | 125,276,415 | | | $ | 121,924,103 | | | $ | 112,515,257 | | | $ | 104,757,042 | |
| POSTPETITION LIABILITIES | | | | | | | | | | | | | | | | | | | | |
17. | | ACCOUNTS PAYABLE | | | | | | $ | 1,022,785 | | | $ | 1,198,341 | | | $ | 1,883,043 | | | $ | 1,684,172 | |
| | | AP on behalf of Daisytek International | | | | | | | | | | $ | (784,233 | ) | | $ | (1,169,138 | ) | | $ | (1,206,876 | ) |
18. | | TAXES PAYABLE | | | | | | $ | 47,137 | | | $ | 58,754 | | | $ | 108,354 | | | $ | 214,978 | |
19. | | NOTES PAYABLE | | | | | | | | | | | | | | | | | | | | |
20. | | PROFESSIONAL FEES | | | | | | $ | 802,801 | | | $ | 1,583,148 | | | $ | 880,471 | | | $ | 880,471 | |
21. | | SECURED DEBT | | | | | | | | | | | | | | | | | | | | |
22. | | OTHER (ATTACH LIST) | | | | | | | | | | | | | | | | | | | | |
| | | Interest payable | | | | | | $ | 299,438 | | | $ | 324,009 | | | $ | 255,170 | | | $ | 230,419 | |
| | | Other accounts payable and prepaid merchandise | | | | | | $ | 900,458 | | | $ | 1,837,869 | | | $ | 3,039,798 | | | $ | 2,923,063 | |
| | | Acrued expenses | | | | | | $ | 1,552,867 | | | $ | 1,960,768 | | | $ | 722,772 | | | $ | 1,856,089 | |
| | | TOTAL OTHER | | | | | | $ | 2,752,763 | | | $ | 4,122,646 | | | $ | 4,017,740 | | | $ | 5,009,571 | |
23. | | TOTAL POSTPETITION LIABILITIES | | | | | | $ | 4,625,486 | | | $ | 6,178,656 | | | $ | 5,720,470 | | | $ | 6,582,316 | |
| PREPETITION LIABILITIES | | | | | | | | | | | | | | | | | | | | |
24. | | SECURED DEBT | | $ | 58,116,360 | | | $ | 55,715,579 | | | $ | 43,380,139 | | | $ | 39,573,779 | | | $ | 35,071,653 | |
25. | | PRIORITY DEBT | | $ | 631,989 | | | $ | 2,014 | | | | | | | | | | | | | |
26. | | UNSECURED DEBT | | $ | 57,946,614 | | | $ | 57,863,808 | | | $ | 56,702,184 | | | $ | 56,440,125 | | | $ | 56,138,763 | |
27. | | OTHER (ATTACH LIST) | | | | | | | | | | | | | | | | | | | | |
| | | Other accounts payable and prepaid merchandise | | $ | (2,863,809 | ) | | $ | (4,205,207 | ) | | $ | (3,862,006 | ) | | $ | (4,146,998 | ) | | $ | (4,145,674 | ) |
| | | Interest payable | | $ | 1,733,255 | | | $ | 1,733,255 | | | | | | | | | | | | | |
| | | Accrued expenses | | $ | 6,553,875 | | | $ | 4,784,273 | | | $ | 5,299,962 | | | $ | 5,960,310 | | | $ | 5,960,310 | |
| | | Accrued Federal Income Tax | | | | | | | | | | $ | 499,883 | | | $ | 1,035,103 | | | $ | 1,089,417 | |
| | | Capital lease liability | | $ | 9,163,598 | | | $ | 9,163,598 | | | $ | 9,163,598 | | | $ | 9,163,598 | | | $ | 9,163,598 | |
| | | TOTAL OTHER | | $ | 14,586,919 | | | $ | 11,475,919 | | | $ | 11,101,437 | | | $ | 12,012,013 | | | $ | 12,067,651 | |
28. | | TOTAL PREPETITION LIABILITIES | | $ | 131,281,882 | | | $ | 125,057,320 | | | $ | 111,183,760 | | | $ | 108,025,917 | | | $ | 103,278,067 | |
29. | | TOTAL LIABILITIES | | $ | 131,281,882 | | | $ | 129,682,806 | | | $ | 117,362,416 | | | $ | 113,746,387 | | | $ | 109,860,383 | |
| EQUITY | | | | | | | | | | | | | | | | | | | | |
30. | | PREPETITION OWNERS’ EQUITY | | $ | (1,893,806 | ) | | $ | (1,893,806 | ) | | $ | (1,893,806 | ) | | $ | (1,893,806 | ) | | $ | (1,893,806 | ) |
31. | | POSTPETITION CUMULATIVE PROFIT OR (LOSS) | | | | | | $ | (3,581,423 | ) | | $ | 5,386,656 | | | $ | (637,902 | ) | | $ | (4,278,372 | ) |
32. | | DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) | | | | | | $ | 1,068,838 | | | $ | 1,068,837 | | | $ | 1,068,837 | | | $ | 1,068,837 | |
33. | | TOTAL EQUITY | | $ | (1,893,806 | ) | | $ | (4,406,391 | ) | | $ | 4,561,687 | | | $ | (1,462,871 | ) | | $ | (5,103,341 | ) |
34. | | TOTAL LIABILITIES & OWNERS’ EQUITY | | $ | 129,388,076 | | | $ | 125,276,415 | | | $ | 121,924,103 | | | $ | 112,283,516 | | | $ | 104,757,042 | |
| | | | | Monthly Operating Report |
| | |
| CASE NAME: | | Daisytek, Incorporated B.A. Pargh Company Virtual Demand, Inc. | | ACCRUAL BASIS-2 |
| | |
| CASE NUMBER: | | 03-34762-HDH-11 | | 02/13/95, RWD, 2/96 |
INCOME STATEMENT
| | | | | MONTH 5/7/03-5/31/03
| | | MONTH June 30, 2003
| | | MONTH July 31, 2003
| | | MONTH August 31, 2003
| |
| REVENUES | | | | | | | | | | | | | | | | |
1. | | GROSS REVENUES | | $ | 391,202 | | | $ | 4,852,402 | | | $ | 3,879,858 | | | $ | 1,673,975 | |
2. | | LESS: RETURNS & DISCOUNTS | | $ | 143,807 | | | $ | 127,419 | | | $ | 125,849 | | | $ | 1,564 | |
3. | | NET REVENUE | | $ | 247,395 | | | $ | 4,724,983 | | | $ | 3,754,009 | | | $ | 1,672,411 | |
| COST OF GOODS SOLD | | | | | | | | | | | | | | | | |
4. | | MATERIAL | | | | | | | | | | | | | | | | |
5. | | DIRECT LABOR | | | | | | | | | | | | | | | | |
6. | | DIRECT OVERHEAD | | | | | | | | | | | | | | | | |
7. | | TOTAL COST OF GOODS SOLD | | $ | 311,739 | | | $ | 8,842,794 | | | $ | 8,657,295 | | | $ | 3,659,516 | |
8. | | GROSS PROFIT | | $ | (64,344 | ) | | $ | (4,117,811 | ) | | $ | (4,903,286 | ) | | $ | (1,987,105 | ) |
| OPERATING EXPENSES | | | | | | | | | | | | | | | | |
9. | | OFFICER / INSIDER COMPENSATION | | $ | 102,369 | | | $ | 102,369 | | | $ | 128,975 | | | $ | 175,191 | |
10. | | SELLING & MARKETING | | $ | 2,507 | | | $ | (914 | ) | | $ | 291 | | | $ | 6,619 | |
11. | | GENERAL & ADMINISTRATIVE | | $ | 830,139 | | | $ | 1,333,895 | | | $ | 1,015,309 | | | $ | 962,118 | |
12. | | RENT & LEASE | | $ | 721,600 | | | $ | 950,650 | | | $ | 628,622 | | | $ | 802,664 | |
13. | | OTHER (ATTACH LIST) | | | | | | | | | | | | | | | | |
14. | | TOTAL OPERATING EXPENSES | | $ | 1,656,615 | | | $ | 2,386,000 | | | $ | 1,773,197 | | | $ | 1,946,592 | |
15. | | INCOME BEFORE NON-OPERATING INCOME & EXPENSE | | $ | (1,720,959 | ) | | $ | (6,503,811 | ) | | $ | (6,676,483 | ) | | $ | (3,933,697 | ) |
| OTHER INCOME & EXPENSES | | | | | | | | | | | | | | | | |
16. | | NON-OPERATING INCOME (ATT. LIST) | | | | | | | | | | | | | | | | |
| | | Intercompany management fees from subsidiaries | | $ | 101,216 | | | $ | (126,521 | ) | | | | | | | | |
| | | TOTAL NON-OPERATING INCOME | | $ | 101,216 | | | $ | (126,521 | ) | | | | | | | | |
17. | | NON-OPERATING EXPENSE (ATT. LIST) | | | | | | | | | | | | | | | | |
| | | Banking fees and other | | $ | 58,878 | | | $ | 35,400 | | | $ | 197,186 | | | $ | 24,616 | |
| | | Termination of interest rate swap | | $ | 1,644,886 | | | | | | | | | | | | | |
| | | Write-off of software development costs | | $ | 366,231 | | | | | | | | | | | | | |
| | | Intercompany management fee to Daisytek International | | $ | 245,022 | | | | | | | | | | | | | |
| | | TOTAL NON-OPERATING EXPENSE | | $ | 2,315,017 | | | | | | | | | | | | | |
18. | | INTEREST EXPENSE | | $ | 299,438 | | | $ | 295,889 | | | $ | 391,191 | | | $ | 366,439 | |
19. | | DEPRECIATION / DEPLETION | | $ | 204,853 | | | $ | 253,528 | | | $ | 254,050 | | | $ | 252,551 | |
20. | | AMORTIZATION | | $ | 259,028 | | | $ | 296,174 | | | $ | 292,358 | | | $ | 290,951 | |
21. | | OTHER (ATTACH LIST) | | | | | | | | | | | | | | | | |
| | | (GAIN)/LOSS on sale of DSI US | | | | | | $ | (18,653,312 | ) | | $ | (4,660 | ) | | $ | 0 | |
| | | OTHER | | | | | | $ | (690,690 | ) | | | | | | | | |
22. | | NET OTHER INCOME & EXPENSES | | $ | 2,977,120 | | | $ | (18,589,532 | ) | | $ | 1,130,125 | | | $ | 934,557 | |
| REORGANIZATION EXPENSES | | | | | | | | | | | | | | | | |
23. | | PROFESSIONAL FEES (FROM SCHEDULE) | | $ | 802,801 | | | $ | 1,036,354 | | | $ | 1,268,947 | | | $ | 745,352 | |
24. | | U.S. TRUSTEE FEES | | $ | 9,000 | | | $ | 59,750 | | | $ | 18,000 | | | $ | 0 | |
25. | | OTHER (ATTACH LIST) | | | | | | | | | | | | | | | | |
26. | | TOTAL REORGANIZATION EXPENSES | | $ | 811,801 | | | $ | 1,096,104 | | | $ | 1,286,947 | | | $ | 745,352 | |
27 | | INCOME TAX | | $ | (1,928,457 | ) | | $ | 2,021,538 | | | $ | (3,068,997 | ) | | $ | (1,973,136 | ) |
28. | | NET PROFIT (LOSS) | | $ | (3,581,423 | ) | | $ | 8,968,079 | | | $ | (6,024,558 | ) | | $ | (3,640,470 | ) |
| | | | | Monthly Operating Report |
| | |
| CASE NAME: | | Daisytek, Incorporated B.A. Pargh Company Virtual Demand, Inc. | | ACCRUAL BASIS-3 |
| | |
| CASE NUMBER: | | 03-34762-HDH-11 | | 02/13/95, RWD, 2/96 |
| | | | | MONTH 5/7/03-5/31/03
| | | MONTH June 30, 2003
| | | MONTH July 31, 2003
| | | MONTH August 31, 2003
|
| CASH RECEIPTS AND DISBURSEMENTS | | | | | | | | | | | | | | | |
1. | | CASH—BEGINNING OF MONTH | | $ | 1,296,376 | | | $ | 4,054,267 | | | $ | 5,668,345 | | | $ | 4,087,393 |
| RECEIPTS FROM OPERATIONS | | | | | | | | | | | | | | | |
2. | | CASH SALES | | | | | | | | | | | | | | | |
| COLLECTION OF ACCOUNTS RECEIVABLE | | | | | | | | | | | | | | | |
3. | | PREPETITION | | | | | | | | | | | | | | | |
4. | | POSTPETITION | | $ | 7,419,904 | | | $ | 15,155,755 | | | $ | 4,681,925 | | | $ | 2,982,888 |
5. | | TOTAL OPERATING RECEIPTS | | $ | 7,419,904 | | | $ | 15,155,755 | | | $ | 4,681,925 | | | $ | 2,982,888 |
| NON—OPERATING RECEIPTS | | | | | | | | | | | | | | | |
6. | | LOANS & ADVANCES (ATTACH LIST) | | | | | | | | | | | | | | | |
6a. | | COLLECTION OF INCOME TAX REC. | | | | | | | | | | | | | | $ | 4,373,149 |
7. | | SALE OF ASSETS | | | | | | $ | 7,287,602 | | | | | | | $ | 1,025,000 |
8. | | INTERCOMPANY TRANSFERS | | $ | (538,473 | ) | | $ | (5,260,361 | ) | | $ | 172,466 | | | $ | 1,624,933 |
9. | | TOTAL NON-OPERATING RECEIPTS | | $ | (538,473 | ) | | $ | 2,027,241 | | | $ | 172,466 | | | $ | 7,023,082 |
10. | | TOTAL RECEIPTS | | $ | 6,881,431 | | | $ | 17,182,996 | | | $ | 4,854,391 | | | $ | 10,005,970 |
11. | | TOTAL CASH AVAILABLE | | $ | 8,177,807 | | | $ | 21,237,263 | | | $ | 10,522,736 | | | $ | 14,093,363 |
| OPERATING DISBURSEMENTS | | | | | | | | | | | | | | | |
12. | | NET PAYROLL | | $ | 528,761 | | | $ | 769,113 | | | $ | 493,080 | | | $ | 632,185 |
13. | | PAYROLL TAXES PAID | | $ | 144,275 | | | $ | 198,934 | | | $ | 220,214 | | | $ | 233,604 |
14 | | SALES, USE & OTHER TAXES PAID | | $ | 20,107 | | | $ | 48,212 | | | $ | 0 | | | $ | 0 |
15 | | SECURED / RENTAL / LEASES | | $ | 350,329 | | | $ | 618,450 | | | $ | 0 | | | $ | 493,159 |
16. | | UTILITIES | | $ | 202,838 | | | $ | 135,249 | | | $ | 72,022 | | | $ | 145,066 |
17. | | INSURANCE | | $ | 37,905 | | | $ | 82,381 | | | $ | 8,337 | | | $ | 0 |
18. | | INVENTORY PURCHASES | | | | | | | | | | | | | | | |
19. | | VEHICLE EXPENSES | | | | | | | | | | | | | | | |
20. | | TRAVEL | | $ | 6,637 | | | | | | | | | | | | |
21. | | ENTERTAINMENT | | | | | | | | | | | | | | | |
22. | | REPAIRS & MAINTENANCE | | | | | | | | | | | | | | | |
23. | | SUPPLIES | | $ | 189 | | | | | | | | | | | | |
24. | | ADVERTISING | | | | | | | | | | | | | | | |
25 | | INTEREST | | | | | | $ | 380,502 | | | | | | | | |
26 | | OTHER (ATTACH LIST) | | | | | | | | | | $ | 442,839 | | | | |
| | | Other employee expenses | | | | | | | | | | | | | | $ | 108,205 |
| | | Other operating expenses | | | | | | | | | | $ | 81,245 | | | $ | 172,871 |
| | | Flexible spending plan reimbursements | | | | | | | | | | | | | | $ | 187,898 |
| | | Bank Reconciliation Items | | | | | | $ | 293,046 | | | | | | | | |
| | | Bank Fees | | | | | | $ | 382,833 | | | $ | 8,022 | | | | |
| | | Paydown line of credit | | $ | 2,832,500 | | | $ | 12,335,441 | | | $ | 3,806,359 | | | $ | 4,502,127 |
26. | | TOTAL OPERATING DISBURSEMENTS | | $ | 4,123,540 | | | $ | 15,244,160 | | | $ | 5,132,118 | | | $ | 6,475,115 |
| REORGANIZATION EXPENSES | | | | | | | | | | | | | | | |
27. | | PROFESSIONAL FEES | | | | | | $ | 324,757 | | | $ | 1,232,974 | | | $ | 695,078 |
28. | | U.S. TRUSTEE FEES | | | | | | | | | | $ | 70,250 | | | $ | 8,000 |
29. | | OTHER (ATTACH LIST) | | | | | | | | | | | | | | | |
30. | | TOTAL REORGANIZATION EXPENSES | | $ | 0 | | | $ | 324,757 | | | $ | 1,303,224 | | | $ | 703,078 |
31. | | TOTAL DISBURSEMENTS | | $ | 4,123,540 | | | $ | 15,568,917 | | | $ | 6,435,342 | | | $ | 7,178,193 |
32. | | NET CASH FLOW | | $ | 2,757,891 | | | $ | 1,614,079 | | | $ | (1,580,952 | ) | | $ | 2,827,777 |
33. | | CASH—END OF MONTH | | $ | 4,054,267 | | | $ | 5,668,345 | | | $ | 4,087,393 | | | $ | 6,915,170 |
| | | | | Monthly Operating Report |
| | |
| CASE NAME: | | Daisytek, Incorporated B.A. Pargh Company Virtual Demand, Inc. | | ACCRUAL BASIS-4 |
| | |
| CASE NUMBER: | | 03-34762-HDH-11 | | 02/13/95, RWD, 2/96 |
| | | SCHEDULE
AMOUNT
| | MONTH 30-Jun-03
| | MONTH 31-Jul-03
| | MONTH 31-Aug-03
| |
ACCOUNTS RECEIVABLE AGING | | | | | | | | | | | | | |
1. | | 0-30 | | $ | 16,882,250 | | $ | 1,063,688 | | $ | 1,105,402 | | $ | (714,136 | ) |
2. | | 31-60 | | $ | 1,733,157 | | $ | 3,789,793 | | $ | 372,107 | | $ | 1,230,157 | |
3. | | 61-90 | | $ | 474,006 | | $ | 1,780,930 | | $ | 3,029,599 | | $ | 228,415 | |
4. | | 91+ | | $ | 2,734,808 | | $ | 3,773,231 | | $ | 5,113,022 | | $ | 7,406,390 | |
5. | | TOTAL ACCOUNTS RECEIVABLE | | $ | 21,824,221 | | $ | 10,407,642 | | $ | 9,620,130 | | $ | 8,150,826 | |
6. | | AMOUNT CONSIDERED UNCOLLECTIBLE | | $ | 4,501,107 | | $ | 4,319,773 | | $ | 4,181,775 | | $ | 4,249,906 | |
7. | | ACCOUNTS RECEIVABLE (NET) | | $ | 17,323,114 | | $ | 6,087,869 | | $ | 5,438,355 | | $ | 3,900,921 | |
| AGING OF POSTPETITION TAXES AND PAYABLES | | MONTH: | | August 31, 2003 |
| | | | | |
| | | 0-30 DAYS
| | 31-60 DAYS
| | 61-90 DAYS
| | 91+ DAYS
| | TOTAL
|
TAXES PAYABLE | | | | | | | | | | | | | | | |
1. | | FEDERAL | | $ | 53,688 | | $ | 0 | | $ | 0 | | $ | 0 | | $ | 53,688 |
2. | | STATE | | $ | 161,290 | | $ | 0 | | $ | 0 | | $ | 0 | | $ | 161,290 |
3. | | LOCAL | | $ | 0 | | $ | 0 | | $ | 0 | | $ | 0 | | $ | 0 |
4. | | OTHER (ATTACH LIST) | | $ | 0 | | $ | 0 | | $ | 0 | | $ | 0 | | $ | 0 |
5. | | TOTAL TAXES PAYABLE | | $ | 214,978 | | $ | 0 | | $ | 0 | | $ | 0 | | $ | 214,978 |
| | | | | | |
6. | | ACCOUNTS PAYABLE | | $ | 359,739 | | $ | 77,434 | | $ | 12,232 | | $ | 27,891 | | $ | 477,296 |
| | | | | | | | | | | | *Rejected Leases | | | *Rejected Leases | | | |
| STATUS OF POSTPETITION TAXES | | MONTH: | | August 31, 2003 |
| | | | |
| | | BEGINNING TAX LIABILITY*
| | AMOUNT WITHHELD AND/ 0R ACCRUED
| | AMOUNT PAID
| | ENDING TAX LIABILITY
|
FEDERAL | | | | | | | | | | | | |
1. | | WITHHOLDING** | | $ | 56,312 | | $ | 121,872 | | $ | 140,285 | | $ | 37,899 |
2. | | FICA-EMPLOYEE** | | $ | 13,619 | | $ | 37,689 | | $ | 43,692 | | $ | 7,616 |
3. | | FICA-EMPLOYER** | | $ | 13,619 | | $ | 38,033 | | $ | 43,692 | | $ | 7,960 |
4. | | UNEMPLOYMENT | | $ | 172 | | $ | 582 | | $ | 541 | | $ | 213 |
5. | | INCOME | | $ | 0 | | $ | 0 | | $ | 0 | | $ | 0 |
6. | | OTHER (ATTACH LIST) | | $ | 0 | | $ | 0 | | $ | 0 | | $ | 0 |
7. | | TOTAL FEDERAL TAXES | | $ | 83,722 | | $ | 198,176 | | $ | 228,210 | | $ | 53,688 |
| STATE AND LOCAL | | | | | | | | | | | | |
8. | | WITHHOLDING | | $ | 821 | | $ | 2,890 | | $ | 2,835 | | $ | 876 |
9. | | SALES | | $ | 0 | | $ | 0 | | $ | 0 | | $ | 0 |
10. | | EXCISE | | $ | 0 | | $ | 0 | | $ | 0 | | $ | 0 |
11. | | UNEMPLOYMENT | | $ | 825 | | $ | 2,709 | | $ | 2,559 | | $ | 975 |
12. | | REAL PROPERTY | | $ | 0 | | $ | 0 | | $ | 0 | | $ | 0 |
13. | | PERSONAL PROPERTY | | $ | 22,986 | | $ | 129,807 | | $ | 0 | | $ | 152,793 |
14. | | OTHER—Tennessee Corporation Annual Reports | | $ | 0 | | $ | 6,646 | | $ | 0 | | $ | 6,646 |
15. | | TOTAL STATE & LOCAL | | $ | 24,632 | | $ | 142,052 | | $ | 5,394 | | $ | 161,290 |
16. | | TOTAL TAXES | | $ | 108,354 | | $ | 340,228 | | $ | 233,604 | | $ | 214,978 |
| * | | The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero. |
| ** | | Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit. |
| | | | | Monthly Operating Report |
| | |
| CASE NAME: | | Daisytek, Incorporated B.A. Pargh Company Virtual Demand, Inc. | | ACCRUAL BASIS-5 |
| | |
| CASE NUMBER: | | 03-34762-HDH-11 | | 02/13/95, RWD, 2/96 |
The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary.
| | | | MONTH: | | | | August 31, 2003 | | | | | | | | | | | | | | | |
| BANK RECONCILIATIONS | | | | | | | | | | | | | | | |
| | | | | | | | |
| | | | | Account #1
| | | Account #2
| | Account #3
| | Account #4
| | Account #5
| | Account #6
| | TOTAL
|
A. | | BANK: | | | See Below—A | | | | Guaranty | | | Chase | | | Bank of America | | | Bank One | | | Bank of America | | | |
B. | | ACCOUNT NUMBER: | | | See Below—A | | | | 380-1466909 | | | 88006320428 | | | 3752175743 | | | 629438797 | | | 3752175772 | | | |
C. | | PURPOSE (TYPE): | | | See Below—A | | | | Payroll/Benefits | | | Flex Plan | | | Petty Cash-Bksfld | | | Disbursement | | | Depository | | | |
1. | | BALANCE PER BANK STATEMENT | | $ | 7,264,602 | | | $ | 309,742 | | $ | 18,218 | | $ | 0 | | $ | 0 | | $ | 0 | | $ | 7,592,562 |
2. | | ADD: TOTAL DEPOSITS NOT CREDITED | | $ | 0 | | | | | | | | | | | | | | | | | | $ | 0 |
3. | | SUBTRACT: OUTSTANDING CHECKS | | $ | 618,387 | | | $ | 97,416 | | $ | 2,744 | | | | | | | | | | | $ | 718,546 |
4. | | OTHER RECONCILING ITEMS | | $ | (33,089 | ) | | $ | 0 | | $ | 0 | | | | | | | | $ | 73,639 | | $ | 40,550 |
5. | | MONTH END BALANCE PER BOOKS | | $ | 6,613,126 | | | $ | 212,326 | | $ | 15,474 | | $ | 0 | | $ | 0 | | $ | 73,639 | | $ | 6,914,565 |
6. | | NUMBER OF LAST CHECK WRITTEN | | | 208515 | | | | | | | | | | | | | | | | | | | |
| | | | | | |
INVESTMENT ACCOUNTS | | | | | | | | | | | | | | |
| | | | | | | |
BANK, ACCOUNT NAME & NUMBER
| | DATE OF PURCHASE
| | TYPE OF INSTRUMENT
| | PURCHASE PRICE
| | | | | | | | CURRENT VALUE
|
| | | | | | | | | | | | | | | | | |
7. | | | | | | | | | | | | | | | | | | |
8. | | | | | | | | | | | | | | | | | | |
9. | | | | | | | | | | | | | | | | | | |
10. | | | | | | | | | | | | | | | | | | |
11. | | TOTAL INVESTMENTS | | | | | | $ | 0 | | | | | | | | $ | 0 |
| | | | | | | |
| CASH | | | | | | | | | | | | | | | | |
| | | | | | | | |
12. | | CURRENCY ON HAND | | | | | | | | | | | | | | | $ | 605 |
| | | | | | | | |
13. | | TOTAL CASH—END OF MONTH | | | | | | | | | | | | | | | $ | 6,915,170 |
Note A:
Daisytek performs a consolidated bank reconciliation. The following is the listing of bank accounts included in this reconciliation:
Bank
| | Account #
| | Purpose
| | Balance per Bank
|
Bank of America | | 3752175714 | | Master Funding | | 684,126 |
Bank of America | | 3752190663 | | Prof Fee Segr Acct | | 1,954,640 |
Bank of America | | 3752175808 | | Master Collections | | 2,508,903 |
Bank One | | 10-91081 | | Accts Payable | | 2,053,396 |
Bank One | | 633680996 | | Disbursement | | 44,365 |
Bank One | | 11-28503 | | Master Collections | | 0 |
Chase | | 88-05174651 | | Operating | | 17,848 |
Frost Nat’l Bank | | 966003966 | | Emp Benefits | | 0 |
Bank One | | 1571581485 | | Master Depository | | 1,323 |
| | | | | | |
|
| | | | | | | 7,264,602 |
Note B: Account #2—Item 6—Last Check Written:
Payroll Manual Checks—Last Check# is 4011.
Payroll Computer Checks—last Check# is 300070.
| | | | | Monthly Operating Report |
| | |
| CASE NAME: | | Daisytek, Incorporated B.A. Pargh Company Virtual Demand, Inc. | | ACCRUAL BASIS-6 |
| | |
| CASE NUMBER: | | 03-34762-HDH-11 | | 02/13/95, RWD, 2/96 |
| | | | | MONTH:August 31, 2003 |
PAYMENTS TO INSIDERS AND PROFESSIONALS
OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID TO INSIDERS (AS DEFINED IN SECTION 101 (31) (A)-(F) OF THE U.S. BANKRUPTCY CODE) AND TO PROFESSIONALS. ALSO, FOR PAYMENTS TO INSIDERS, IDENTIFY THE TYPE OF COMPENSATION PAID (e.g. SALARY, BONUS, COMMISSIONS, INSURANCE, HOUSING ALLOWANCE, TRAVEL, CAR ALLOWANCE, ETC.). ATTACH ADDITIONAL SHEETS IF NECESSARY.
INSIDERS
NAME
| | TYPE OF PAYMENT
| | AMOUNT PAID
| | TOTAL PAID TO DATE
|
1. | | Dale Booth | | Salary | | $ | 23,912 | | $ | 153,892 |
2. | | Ralph Doherty | | Salary | | $ | 74,868 | | $ | 120,808 |
3. | | Jack Kearney | | Salary | | $ | 21,969 | | $ | 87,877 |
4. | | Eric Logan | | Salary | | $ | 13,606 | | $ | 59,548 |
5. | | Peter Wharf | | Salary | | $ | 40,837 | | $ | 86,779 |
6. | | TOTAL PAYMENTS TO INSIDERS | | | | $ | 175,191 | | $ | 508,904 |
PROFESSIONALS
NAME
| | DATE OF COURT ORDER AUTHORIZING PAYMENT
| | AMOUNT APPROVED
| | AMOUNT PAID
| | TOTAL PAID TO DATE
| | TOTAL INCURRED & UNPAID *
|
1. | | Vinson & Elkins | | | | $ | 1,585,987 | | $ | 311,487 | | $ | 1,113,434 | | $ | 472,554 |
2. | | FTI | | n/a | | $ | 267,574 | | $ | 248,224 | | $ | 242,574 | | $ | 25,000 |
3. | | Rochelle Elrod Hutcheson | | n/a | | $ | 317,474 | | $ | 111,205 | | $ | 234,557 | | $ | 82,917 |
4. | | Deloitte & Touche | | n/a | | $ | 694,163 | | $ | 0 | | $ | 394,163 | | $ | 300,000 |
5 | | Kirkpatrick&Lockhart | | n/a | | | | | $ | 24,163 | | | | | | |
6 | | US Trustee | | n/a | | $ | 70,250 | | $ | 8,000 | | $ | 70,250 | | $ | 0 |
7 | | Houlihan | | n/a | | $ | 100,000 | | | | | $ | 100,000 | | $ | 0 |
8 | | TOTAL PAYMENTS TO PROFESSIONALS | | | | $ | 3,035,448 | | $ | 703,078 | | $ | 2,154,977 | | $ | 880,471 |
| * | | INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED |
POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE
PROTECTION PAYMENTS
NAME OF CREDITOR
| | SCHEDULED
MONTHLY
PAYMENTS
DUE
| | AMOUNTS
PAID
DURING
MONTH
| | TOTAL
UNPAID
POSTPETITION
|
1. | | L&B Depp Entreprises II | | 130,332.81 | | 130,332.81 | | 0.00 |
2. | | Tejon Dermody Industrial (Augst 1/2 month) | | 92,756 | | 46,378 | | 46,377.82 |
3. | | New York Life Southpark (August 1/2/ month) | | 122,908 | | 61,453.85 | | 61,453.85 |
4. | | Selkirk Ventures (August 1/2/ month) | | 130,095 | | 130,095 | | 0.00 |
5. | | Proterra Properties | | Out of Facility | | | | |
6. | | MRE, Inc | | 185 | | 0.00 | | 185.00 |
7 | | Bank One Texas Leasing Corp | | 897 | | 0.00 | | 896.56 |
8. | | Raymond Leasing (Sch 82369) | | 3,281 | | 0.00 | | 3,280.75 |
9. | | Raymond Leasing (Sch 823610) | | 997 | | 0.00 | | 996.64 |
ACCRUAL BASIS - 6
10. | | Raymond Leasing (Sch 823611) | | 235.00 | | 0.00 | | 235.00 |
11. | | Raymond Leasing (Sch 823613) | | 1,937.80 | | 0.00 | | 1,937.80 |
12. | | Raymond Leasing (Sch 82614) | | 3,759.30 | | 0.00 | | 3,759.30 |
13. | | American Business Machines Co | | 98.67 | | 0.00 | | 98.67 |
14. | | Canon Financial Services | | 363.51 | | 0.00 | | 363.51 |
15. | | GATX Schedule #10 | | 7,567.77 | | 0.00 | | 7,567.77 |
16. | | GATX Schedule #1 | | 6,213.83 | | 0.00 | | 6,213.83 |
17. | | IOS Capital Inc | | 667.54 | | 0.00 | | 667.54 |
18. | | IOS Capital Inc | | 8,579.46 | | 0.00 | | 8,579.46 |
19. | | IOS Capital Inc | | 525.00 | | 0.00 | | 525.00 |
20. | | Deutsche Financial Services Corporation | | 6,515.54 | | 0.00 | | 6,515.54 |
21. | | Wells Fargo Equipment Finance | | 14,165.00 | | 0.00 | | 14,165.00 |
22 | | GE Public Finance, Inc Schedule 1 | | 22,655.91 | | 0.00 | | 22,655.91 |
23 | | GE Public Finance, Inc Schedule 2 | | 15,304.19 | | 0.00 | | 15,304.19 |
24 | | GE Public Finance, Inc Schedule 3 | | 9,550.97 | | 0.00 | | 9,550.97 |
25. | | CitiCorp Del—Lease Inc | | 363.51 | | 0.00 | | 363.51 |
26. | | General Electric Capital Corporation Sch 2 | | 6,767.19 | | 0.00 | | 6,767.19 |
27. | | General Electric Capital Corporation Sch 3 | | 109,952.08 | | 0.00 | | 109,952.08 |
28. | | General Electric Capital Corporation Sch 4 | | 13,774.08 | | 0.00 | | 13,774.08 |
29. | | General Electric Capital Corporation Sch 5 | | 24,685.45 | | 0.00 | | 24,685.45 |
30. | | General Electric Capital Corporation Sch 6 | | 47,090.79 | | 0.00 | | 47,090.79 |
31. | | General Electric Capital Corporation Sch 7 | | 9,709.96 | | 0.00 | | 9,709.96 |
32. | | General Electric Capital Corporation Sch 8 | | 16,504.55 | | 0.00 | | 16,504.55 |
33. | | General Electric Capital Corporation Sch 9 | | 7,867.78 | | 0.00 | | 7,867.78 |
34. | | General Electric Capital Corporation Sch 10 | | 10,270.06 | | 0.00 | | 10,270.06 |
35. | | General Electric Capital Corporation Sch 11 | | 4,994.75 | | 0.00 | | 4,994.75 |
36. | | Fleet Capital Corporation Schedule 34049-001 | | 18,092.65 | | 0.00 | | 18,092.65 |
37. | | Fleet Capital Corporation Schedule 34049-00902 | | 1,037.22 | | 0.00 | | 1,037.22 |
38. | | Fleet Capital Corporation Schedule 32585-002 | | 13,543.97 | | 0.00 | | 13,543.97 |
39. | | Fleet Capital Corporation Schedule 32585-003 | | 19,936.19 | | 0.00 | | 19,936.19 |
40. | | Fleet Capital Corporation Schedule 32585-004 | | 1,431.20 | | 0.00 | | 1,431.20 |
41. | | IBM Credit Corporation Schedule 001 | | 1,264.00 | | 0.00 | | 1,264.00 |
42. | | IBM Credit Corporation Schedule 002 | | 1,264.00 | | 0.00 | | 1,264.00 |
43. | | IBM Credit Corporation Schedule 003 | | 1,264.00 | | 0.00 | | 1,264.00 |
44. | | IBM Credit Corporation Schedule 004 | | 1,264.00 | | 0.00 | | 1,264.00 |
45. | | IBM Credit Corporation Schedule 005 | | 221.00 | | 0.00 | | 221.00 |
46. | | IBM Credit Corporation Schedule 006 | | 221.00 | | 0.00 | | 221.00 |
47. | | IBM Credit Corporation Schedule 007 | | 775.00 | | 0.00 | | 775.00 |
48. | | IBM Credit Corporation Schedule 008 | | 908.00 | | 0.00 | | 908.00 |
49. | | IBM Credit Corporation Schedule 009 | | 3,073.00 | | 0.00 | | 3,073.00 |
50. | | IBM Credit Corporation Schedule 010 | | 475.00 | | 0.00 | | 475.00 |
51. | | IBM Credit Corporation Schedule 011 | | 810.00 | | 0.00 | | 810.00 |
52. | | IBM Credit Corporation Schedule 012 | | 1,334.00 | | 0.00 | | 1,334.00 |
53. | | IBM Credit Corporation Schedule 013 | | 3,528.00 | | 0.00 | | 3,528.00 |
54. | | IBM Credit Corporation Schedule 014 | | 4,922.00 | | 0.00 | | 4,922.00 |
55. | | IBM Credit Corporation Schedule 015 | | 10,266.00 | | 0.00 | | 10,266.00 |
56. | | IBM Credit Corporation Schedule 016 | | 1,765.00 | | 0.00 | | 1,765.00 |
57. | | IBM Credit Corporation Schedule 017 | | 2,839.00 | | 0.00 | | 2,839.00 |
58. | | IBM Credit Corporation Schedule 018 | | 4,193.00 | | 0.00 | | 4,193.00 |
59. | | IBM Credit Corporation Schedule 019 | | 22,426.00 | | 0.00 | | 22,426.00 |
60. | | IBM Credit Corporation Schedule 020 | | 37,838.00 | | 0.00 | | 37,838.00 |
61. | | IBM Credit Corporation Schedule 021 | | 9,350.00 | | 0.00 | | 9,350.00 |
62. | | IBM Credit Corporation Schedule 022 | | 1,169.00 | | 0.00 | | 1,169.00 |
63 | | Plano Parkway Self Storage (July and August) | | 400.00 | | 400.00 | | 0.00 |
| | | |
General Electric Capital Corporation (Adequate Protection Payment) | | 102,000.00 | | 102,000.00 | | 0.00 |
GE Public Finance, Inc (Adequate Protection Payment) | | 22,500.00 | | 22,500.00 | | 0.00 |
| | | | |
| |
| |
|
6. | | TOTAL | | 1,121,680.02 | | 493,159.48 | | 628,520.54 |
| | | | |
| |
| |
|
ACCRUAL BASIS - 6
| | | | | Monthly Operating Report |
| | |
| CASE NAME: | | Daisytek, Incorporated B.A. Pargh Company Virtual Demand, Inc. | | ACCRUAL BASIS-7 |
| | |
| CASE NUMBER: | | 03-34762-HDH-11 | | 02/13/95, RWD, 2/96 |
| | | | | MONTH:August 31, 2003 |
| QUESTIONNAIRE 6/1/03-6/26/03 | | | | |
| | | |
| | | | | YES
| | NO
|
1. | | HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? | | X | | |
2. | | HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? | | | | X |
3. | | ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES? | | | | X |
4. | | HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD? | | X | | |
5. | | HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY? | | | | X |
6. | | ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? | | | | X |
7. | | ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE? | | | | X |
8. | | ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? | | | | X |
9. | | ARE ANY OTHER POSTPETITION TAXES PAST DUE? | | | | X |
10. | | ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT? | | | | X |
11. | | HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD? | | | | X |
12. | | ARE ANY WAGE PAYMENTS PAST DUE? | | | | X |
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS “YES,” PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY.
Question 1 Support: Intangible Assets sold to buyer—received $1,025,000.00 on 8/29.
INSURANCE
| | | | | YES
| | NO
|
1. | | ARE WORKER’S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT? | | X | | |
2. | | ARE ALL PREMIUM PAYMENTS PAID CURRENT? | | X | | |
3. | | PLEASE ITEMIZE POLICIES BELOW. | | | | |
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS “NO,” OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY.
INSTALLMENT PAYMENTS
TYPE OF POLICY
| | CARRIER
| | PERIOD
COVERED
| | PAYMENT AMOUNT
& FREQUENCY
|
Property | | Royal Indemnity Company | | 5/1/03 - 5/1/04 | | $ | 409,804 | | annual |
General Liability | | St. Paul Fire & Marine Insurance Company | | 5/1/03 - 5/1/04 | | $ | 75,084 | | annual |
Business Auto | | St. Paul Fire & Marine Insurance Company | | 5/1/03 - 5/1/04 | | $ | 57,345 | | annual |
Workers’ Compensation | | St. Paul Fire & Marine Insurance Company | | 5/1/03 - 5/1/04 | | $ | 297,172 | | annual |
Cargo | | Indemnity Insurance Company of North America | | 5/1/03 - 5/1/04 | | $ | 108,500 | | annual |
Umbrella Liability (primary layer) | | St. Paul Fire & Marine Insurance Company | | 5/1/03 - 5/1/04 | | $ | 50,974 | | annual |
Umbrella Liability (excess layer) | | Federal Insurance Co. | | 5/1/03 - 5/1/04 | | $ | 30,300 | | annual |
Fiduciary Liability | | Federal Insurance Co. | | 4/1/03 - 4/1/04 | | $ | 9,000 | | annual |
Primary Directors & Officers | | National Union Fire Insurance Company | | 4/1/03 - 4/1/04 | | $ | 1,100,000 | | annual |
Excess D&O (1st layer) | | XL Specialty Insurance Co. | | 4/1/03 - 4/1/04 | | $ | 1,250,000 | | annual |
| Extended Reporting Period Purchased Excess D&O (1st layer) | | St. Paul Mercury Insurance Company | | 4/1/03 - 4/1/04 | | $ | 354,375 | | annual |
| Extended Reporting Period Purchased Excess D&O (2nd layer) | | Twin City Fire Insurance Company | | 4/1/03 - 4/1/04 | | $ | 187,500 | | annual |
Crime | | Gulf Insurance Company | | 4/1/03 - 4/1/04 | | $ | 27,250 | | annual |
| |
| CASE NAME: | | Daisytek, Incorporated B.A. Pargh Company Virtual Demand, Inc. |
| |
| CASE NUMBER: | | 03-34762-HDH-11 |
July 31, 2003
MOR 7, QUESTION 4 SUPPORT
| | | AMERICAN WATER | | $ | 157.45 |
| | | GHA TECHNOLOGIES | | $ | 362.90 |
| | | MAVERICK TRADING CO | | $ | 1,367.83 |
| | | TXU ELECTRIC “TDA” | | $ | 86.03 |
** | | Xerox Corp. OmniFax | | | 1,480.00 |
** | | International Laser—AP/AR Offset | | | 266,083.30 |
** | | Royal Consumer | | | 8,959.90 |
| | | | |
|
|
| | | | | | 278,497.41 |
| ** | | Court Approved Contra-AR and AP adjustments |
