OFFICE OF THE U.S. TRUSTEE - REGION 3
MONTHLY REPORTING REQUIREMENTS
For the month of September 1997
Debtor Name: Fruehauf Trailer Corporation
Case Number: 96-1563 (PJW)
Explanation Document Previously Explanation
Required Documents Attached Submitted Attached
------------------ -------- ---------- --------
Condensed Statement
of Operations X
Condensed Balance Sheet X
Statement of Cash
Receipts and Disbursements X
Statement of Aged
Receivables X
Statement of Aged Payables X
Statement of Operations,
Taxes, Insurance and
Personnel X
Tax Receipts X
Other Documentation as
required by the Trustee X
The undersigned individual certifies under penalty of perjury
(28 U.S.C. section 1746) that to the best of the individual's
knowledge, the documents appended are true and correct.
By: /s/ James Wong Date: October 21, 1997
---------------- -----------------
James Wong
Chief Financial Officer
2
OFFICE OF THE U.S. TRUSTEE - REGION 3
MONTHLY REPORTING REQUIREMENTS
For the month of September 1997
Debtor Name: Fruehauf Trailer Corporation
Case Number: 96-1563 (PJW)
On April 16, 1997, Fruehauf Trailer Corporation ("FTC" or "the
Debtor") completed the sale of all of its domestic operations
and operating assets to Wabash National Corporation ("the Asset
Sale"). In conjunction with the Asset Sale, the number of FTC
employees was reduced from 1,185 to five full time equivalents
("FTEs"). None of these five FTEs were employees of FTC prior
to the Asset Sale. In addition, the historical records,
including accounting records, were included with the assets
sold. Therefore, without such historical records and
institutional memory, FTC has been unable to prepare accurate
and meaningful financial statements prior to June 1, 1997.
On June 1, 1997 the remaining assets and financial documents
were transferred from Indianapolis, Indiana to the current FTC
headquarters located in Corona del Mar, California. Henceforth,
the Debtor began "fresh start" accounting procedures and
financial statements. The Debtor, to the best of its ability
and utilizing the information available, has attempted to
reconstruct and substantiate such financial statements. The due
diligence involved in preparation of the "fresh start" financial
documents includes: closing and reconciling bank accounts;
consolidating and negotiating more favorable insurance coverage,
including seeking potential refunds; seeking potential
environmental recoveries from various state funds; assessing
valuations on the various properties that remain with the
Debtor; and verifying and scheduling the numerous payables
outstanding. The Debtor continues to receive invoices for
services rendered and/or goods received for the period
subsequent to filing bankruptcy and prior to the Asset Sale
(between October 8, 1996 and April 16, 1997). In addition, the
Debtor continues to receive various refunds of monies from tax
authorities and other entities, albeit at de minimus amounts.
Thus, the financial statements as contained herein may be
subject to modification due to the aforementioned effects or
other causes not currently known. In addition, the financial
statements contained herein are unaudited.
(continued)
3
OFFICE OF THE U.S. TRUSTEE - REGION 3
MONTHLY REPORTING REQUIREMENTS
For the month of September 1997
Debtor Name: Fruehauf Trailer Corporation
Case Number: 96-1563 (PJW)
The September 1997 financial statements have been restated to
reflect additional and more accurate information with respect to
certain assets of the Debtor. Due to such modifications, a cash
flows statement will not reflect accurate data, and thus will
not be presented.
Due to the lack of accounting data, no material change in
financial activity and lack of any information to the contrary,
and in the interests of consolidating administrative functions,
no additional documentation will be provided related to the
following entities:
Debtor Name: Case Number:
- ------------ ------------
Maryland Shipbuilding & Drydock Company 96-1564 (PJW)
Jacksonville Shipyards, Inc. 96-1565 (PJW)
Fruehauf Corporation 96-1567 (PJW)
FGR, Inc. 96-1568 (PJW)
The Mercer Co. 96-1569 (PJW)
Deutsche-Fruehauf Holding Corporation 96-1570 (PJW)
MJ Holdings, Inc. 96-1571 (PJW)
E.L. Devices, Inc. 96-1572 (PJW)
Management shall again provide detailed reporting should any
future material financial activity occur in any or all of the
respective reporting entities.
4
OFFICE OF THE U.S. TRUSTEE - REGION 3
CONDENSED BALANCE SHEET - UNAUDITED
For The Month Ending September 30, 1997
(Dollars in Thousands)
Debtor Name: Fruehauf Trailer Corporation
Case Number: 96-1563(PJW)
9/30/97 8/31/97 7/31/97
------- ------- -------
ASSETS
Current Assets
Cash & Short-term
investments $ 6,459 $ 6,888 $ 461
Restricted cash 504 1,337 450
Miscellaneous receivables 0 199 29
Environmental receivables 63 250 249
Insurance refunds 2,968 2,854 2,854
Prepaid expenses 527 206 510
------- ------- -------
Total Current Assets 10,521 11,734 4,553
Other Assets
Investment in Fruehauf
de Mexico subsidiary 1,500 1,500 1,350
Wabash common stock (1) 10,427 11,200 12,750
Wabash preferred stock(2) 21,464 16,368 13,200
Jacksonville Note
Receivable, net (3) 3,777 3,777 1,000
Kearney Note
Receivable, net (4) 1,700 1,710 1,000
Property held for sale 440 440 440
------- ------- -------
Total Other Assets 39,308 34,995 29,740
------- ------- -------
Total Assets $49,829 $46,729 $34,293
======= ======= =======
(1) Between July 29, 1997 and September 12, 1997, the Debtor
sold 600,000 shares of Wabash common stock at an average share
price of $28.03, less a 7% brokerage fee to Merrill Lynch for
executing the transactions. Net proceeds to the Debtor were
$15.6 million, of which $8.3 million was used to repay the BofA
DIP facility. The $10.47 million balance reflects the remaining
400,000 shares at an average price of $28.03 per share less than
the 7% fee.
(2) The value of the Wabash Preferred Stock reflects an
anticipated full conversion of the 352,000 shares of Preferred
Stock to Common Stock, at the conversion price of $21.375 per
share and a Common Stock market price of $28.03 per share, less
an estimated 7% transaction fee.
(3) Represents the current outstanding balance of the
Jacksonville note.
(4) Represents the current outstanding balance of the Kearney
note.
4
OFFICE OF THE U.S. TRUSTEE - REGION 3
CONDENSED BALANCE SHEET - UNAUDITED
For The Month Ending September 30, 1997
(Dollars in Thousands)
Debtor Name: Fruehauf Trailer Corporation
Case Number: 96-1563(PJW)
9/30/97 8/31/97 7/31/97
------- ------- -------
LIABILITIES & EQUITY
Current Liabilities
Accounts payable $ 590 1,781 1,688
Professional fees (1) 1,194
Accrued interest 0 0 204
Accrued professional fees 400 1,000 1,642
------- ------- -------
Total Current Liabilities 2,184 2,781 3,534
Long-term Liabilities
B of A DIP loan 0 0 7,518
------- ------- -------
Total Liabilities Not
Subject to Compromise 2,184 2,781 11,052
Liabilities Subject
to Compromise:
Accounts payable 33,640 33,640 33,640
Long-term debt 60,390 60,390 60,390
Accrued interest 4,330 4,330 4,330
Retiree healthcare benefits 23,105 23,105 23,105
Intercompany accounts payable 62,201 62,201 62,201
Other liabilities 24,440 24,440 24,440
------- ------- -------
Total Liabilities Subject
to Compromise 208,106 208,106 208,106
------- ------- -------
Total Liabilities 210,290 210,887 219,158
EQUITY
Opening Equity Balance (159,894) (167,432) (184,257)
Net loss (567) 3,274 (608)
------- ------- -------
Total Equity (160,461) (164,158) (184,865)
Total Liabilities & Equity $49,829 $46,729 $34,293
======= ======= =======
(1) Included in Accounts Payable for July and August.
5
OFFICE OF THE U.S. TRUSTEE - REGION 3
CONDENSED STATEMENT OF OPERATIONS - UNAUDITED
For The Month Ending September 30, 1997
(Dollars in Thousands)
Debtor Name: Fruehauf Trailer Corporation
Case Number: 96-1563(PJW)
9/30/97 8/31/97 7/31/97
------- ------- -------
Sales $ 0 $ 0 $ 0
Other income (1) 48 65 15
Cost of Goods Sold 0 0 0
------ ------- -------
Gross Margin 48 65 15
Sales, General and
Administrative 141 309 170
Insurance and Insurance claims 42 26 42
------ ------- -------
Income (loss) from operations (135) (270) (227)
Interest expense 0 236 64
Equity income (loss) in
Fruehauf de Mexico 50 47 34
Other 0 0 0
----- ------- -------
Income (loss) before
reorganization items (85) (459) (227)
Reorganization items:
Professional and other fees
of bankruptcy 482 1,183 381
Gain (loss) on disposition
of assets (2) 0 4,915 0
------ ------- -------
Total Reorganization Items 482 (3,734) 381
Income (loss) before
income taxes (567) 3,273 (608)
Provision for income taxes 0 0 0
------ ------- -------
Net Loss ($567) $3,273 ($608)
====== ======= =======
(1) Other Income includes interest income, state tax refunds
and miscellaneous refunds.
(2) The Debtor completed the sale of 600,000 shares of Wabash
common stock in August 1997. Its cost basis was $17.875 per
share.
6
OFFICE OF THE U.S. TRUSTEE - REGION 3
CONDENSED STATEMENT OF CASH FLOW - UNAUDITED
For The Month Ending September 30, 1997
(Dollars in Thousands)
Debtor Name: Fruehauf Trailer Corporation
Case Number: 96-1563(PJW)
None.
7
OFFICE OF THE U.S. TRUSTEE - REGION 3
STATEMENT OF AGED RECEIVABLES
For the month of September 1997
Debtor Name: Fruehauf Trailer Corporation
Case Number: 96-1563 (PJW)
The Debtor sold all of its trade accounts receivables in
conjunction with the Wabash sale on April 16, 1997. However,
the Debtor continues to receive miscellaneous state tax refunds,
bank fee refunds and other de minimus refunds. These amounts
are currently estimated at fifty thousand dollars. The Debtor
does not currently have any other material accounts receivables.
8
OFFICE OF THE U.S. TRUSTEE - REGION 3
STATEMENT OF AGED PAYABLES
For The Month Ending September 30, 1997
(Dollars in Thousands)
Debtor Name: Fruehauf Trailer Corporation
Case Number: 96-1563(PJW)
DESCRIPTION Current 0-30 Days 31-60 Days 61-90 Days 91+ Days Total
- ------------- --------- --------- ---------- ---------- -------- -------
Trade Payables $53,243 $38,519 $42,943 $16,665 $438,202 $589,573
======== ======== ======= ===== == ======== ========
(1) Represents amounts due vendors and suppliers of goods and
services to the Debtor subsequent to the filing and prior to the
Asset Sale. Debtor is currently verifying all trade payables
and is scheduling/paying claims on a continuous basis; however,
it cannot at this time apply a precise aging schedule for each
individual trade claim.
(2) Represents on-going amounts due vendors and suppliers.
9
OFFICE OF THE U.S. TRUSTEE - REGION 3
STATEMENT OF OPERATIONS, TAXES, INSURANCE AND PERSONNEL
For the month of September 1997
Debtor Name: Fruehauf Trailer Corporation
Case Number: 96-1563 (PJW)
Status of Postpetition Taxes
- ----------------------------
See Tax Receipts.
Payments to Insiders
- --------------------
Payee Name Position Nature of Payment Amount
- ----------- -------- ----------------- ------
Chriss Street Chairman and CEO Wages (A) $20,769
Chriss Street Chairman and CEO Travel and Other
Expenses 6,338
James Wong CFO, Treasurer Wages (A) 6,000
James Wong CFO, Treasurer Travel and Other
Expenses 6,238
Worth Frederick Vice President Wages (A) 6,923
Worth Frederick Vice President Travel and Other
Expenses 3,030
Courtney Watson Corporate Secretary Wages (A) 4,231
Courtney Watson Corporate Secretary Travel and Other
Expenses 0
(A) Wages represent gross wages paid for the periods ended
September 5, 1997 and September 19, 1997.
10
Summary of Actual
Payments to Professionals
- -------------------------
September 1997 10/7/96 to Present
------------------ ------------------
Cumulative
Invoices Invoices Balance Total Total
Name and Relationship Received Paid Due Billed Paid
- ---------------------- -------- -------- ---------- ------- ------
Debtor's Counsel
- ----------------
Jones, Day, Reavis & Pogue 0 0 $ 597,108 $2,360,156 $1,763,048
Camhy, Karlinsky & Stein 0 71,130 154,983 360,481 205,498
Morris, Nichols, Arsht
& Tunnel 0 22,377 30,196 281,729 251,533
Carson & Fischer 0 0 2,328 4,222 1,894
Debtor's Accountants
- --------------------
Price Waterhouse LLP 0 95,562 97,065 813,088 716,023
Madeleine LLC Counsel
- ---------------------
O'Melveny & Meyers LLP 0 0 0 0 0
Richards, Layton & Finger 0 0 3,230 27,408 24,178
Madeleine LLC Advisor
- ---------------------
Policano & Manzo LLC 0 0 0 0 0
Creditors' Committee Counsel
- ----------------------------
Stroock, Stroock & Lavan 0 57,319 33,132 465,697 432,565
Saul, Ewing, Remick
& Saul 0 3,332 4,822 39,888 35,066
Creditors' Committee Advisors
- -----------------------------
Ernst & Young LLP 0 78,259 27,049 372,677 345,628
Unofficial Bondholders'
Committee Counsel
- ------------------------------
Haynes & Boone 0 114,546 123,330 687,063 563,733
Young, Conaway, Stargatt
& Taylor 0 11,779 627 12,406 11,779
Indenture Trustee & Counsel
- ---------------------------
IBJ Schroder Bank &
Trust 0 0 0 0 0
Hughes, Hubbard
& Reed 0 0 0 0 0
Other
- -----
ARP 0 20,793 20,881 85,373 64,492
Logan & Company, Inc. 0 20,100 45,698 521,440 475,742
ATC Group Services 0 22,050 23,939 154,327 130,388
McGuire, Woods, Battle
& Boothe 0 14,919 29,772 51,605 21,833
Walsh & Mongack 252 889 575 6,153 5,578
----- ------- --------- --------- ---------
Totals $252 $533,055 $1,194,735 $6,243,713 $5,048,978
===== ======= ========= ========== =========
11
(A) Jones, Day, Reavis & Pogue received a retainer in the
amount of $150,000. The retainer payment made in October 1996
is not considered in the determination of the balance due.
(B) Morris, Nichols, Arsht & Tunnel received a retainer in the
amount of $25,000. The retainer payment made in October 1996 is
not considered in the determination of the balance due.
(C) Price Waterhouse LLP received a retainer in the amount of
$75,000. The retainer payment made in October 1996 is not
considered in the determination of the balance due.
(D) O'Melveny & Meyers LLP and Richards , Layton & Finger did
not submit a formal retention application. Rather, the
requirement to pay their fees is set forth in the terms of the
debtor-in-possession lending facility with Madeleine LLC.
(E) Policano & Manzo LLP did not submit a formal retention
application. Rather, the requirement to pay their fees is set
forth in the terms of the debtor-in-possession lending facility
with Madeleine LLC.
(F) The formal order regarding the retention of Saul, Ewing,
Remick & Saul and Ernst & Young LLP by the Official Creditors'
Committee had not been entered in the court docket as of the
date of this submission. The date of the court approval will be
included once the order is entered in the court docket.
(G) The Alvarez & Marsal, Inc. engagement letter required a
retainer in the amount of $125,000. The retainer payment made
in October 1996 is not considered in the determination of the
balance due.
Adequate Protection Payments
- ----------------------------
None.
Insurance
- ---------
The debtor has negotiated more favorable coverage, terms and
rates with respect to insurance coverage; it has replaced
Protection Mutual and Travelers Insurance with Utica Mutual
Insurance Company.
Personnel
- ----------
The Debtor's number of employees at September 31, 1997 remains
unchanged at five full time equivalents.
12
OFFICE OF THE U.S. TRUSTEE - REGION 3
TAX RECEIPTS
For the month of September 1997
Debtor Name: Fruehauf Trailer Corporation
Case Number: 96-1563 (PJW)
Federal, State and Local Income Taxes
- -------------------------------------
The Company believes that it experienced a net operating loss
for the year ended December 31, 1996. As such, the Debtor
believes that no estimated federal, state or local income tax
payments are due for 1996.
Federal Excise Taxes
- ---------------------
The undersigned hereby represents that to the best of my
knowledge, Fruehauf Trailer Corporation is current on all
postpetition federal excise taxes.
/s/James Wong
- ------------------
James Wong
Chief Financial Officer
State and Local Sales Taxes
- ---------------------------
The undersigned hereby represents that to the best of my
knowledge, Fruehauf Trailer Corporation is current on all
postpetition state and local sales taxes.
/s/ James Wong
- -----------------
James Wong
Chief Financial Officer
13
Payroll Withholding and Other Taxes
- ------------------------------------
The undersigned represents that to the best of my knowledge with
respect to remittance of payroll withholding taxes, the Debtor
is current on all postpetition federal, state and local
withholding and other taxes.
/s/ James Wong
- ------------------
James Wong
Chief Financial Officer
Real and Personal Property Taxes
- ---------------------------------
The Debtor is conducting an evaluation of real and personal
property taxes as to the propriety of taxes being prepetition or
postpetition and preparing a calendar for payment of what is
determined to postpetition taxes. While the undersigned is
currently not aware of any postpetition real and personal
property taxes past due, the undersigned is not aware of
delinquent postpetition real and personal property taxes.
/s/ James Wong
- ------------------
James Wong
Chief Financial Officer
14
OFFICE OF THE U.S. TRUSTEE - REGION 3
OTHER DOCUMENTATION AS REQUIRED BY THE TRUSTEE
For the month of September 1997
Debtor Name: Fruehauf Trailer Corporation
Case Number: 96-1563 (PJW)
QUESTIONAIRE YES NO
- ------------- --- --
1. Have any assets been sold or transferred X
outside the normal course of business this
reporting period?
2. Have any funds been disbursed from any account
other than a debtor in possession account? X(1)
3. Are any postpetition receivables (accounts,
notes or loans) due from related parties? X(2)
4. Have any payments been made on prepetition
liabilities this reporting period? X(3)
5. Have any postpetition loans been received by
the debtor from any party? X(4)
6. Are any postpetition payroll taxes due? X(5)
7. Are any postpetition state or federal income
taxes past due? X(5)
8. Are any postpetition real estate taxes due? X(5)
9. Are any other postpetition taxes due? X(5)
10. Are any amounts owed to postpetition creditors
past due? X
11. Have any prepetition taxes been paid during the
reporting period? X
12. Are any wage payments past due? X
15
1. Pursuant to the Motion and Order of Debtors and Debtors in
Possession for an Order (A) Approving Centralized Cash
Management System, Use of Existing Bank Accounts and Business
Forms and (B) According Priority Status To All Postpetition
Intercompany Claims, the Debtors were authorized to continue to
maintain the Prepetition Bank Accounts, as they may be modified
pursuant to the terms of the DIP Agreement. As of June 1, 1997
the Debtor consolidated and re-located its corporate
headquarters to Corona del Mar, California. The Debtor has
closed or is in the process of closing and consolidating the 44
bank accounts it has been using prior to the April 16, 1997
transaction. The Debtor anticipates using five bank accounts
going forward.
2. Effective April 15, 1997 all retiree health care benefits
were terminated with the COBRA provision extended through April
25, 1997. Prior to the termination, retiree health care
benefits were paid centrally at the Debtor's home office level.
3. Pursuant to the Motion and Order of Debtors and Debtors in
Possession for an Order Authorizing Them to (A) Pay Prepetition
Employee Wages, Salaries and Related Item; (B) Reimbursable
Prepetition Business Expenses; (C ) Make Payments For Which
Payroll Deductions Were Made; (D) Make Prepetition Contributions
and Pay Benefits Under Employee Benefit Plans; and (E) Pay All
Costs and Expenses Incident to the Foregoing Payments and
Contributions and pursuant to the Motion and Order of Debtors
and Debtors in Possession Authorizing Them to Honor Certain
Prepetition Obligations to Customers, the Debtor has paid
certain prepetition employee compensation liabilities and the
Debtor has continued to honor, at its sole discretion,
prepetition obligations to customers, including the provision of
warranty service.
4. The Debtor, together with its affiliated debtors, entered
into a debtor-in-possession lending facility with Madeleine,
LLC, and affiliate of Cerberus Partners LP. In connection with
the sale of the operating assets this DIP lending facility was
repaid and a new facility was established with the Bank of
America as of April 16, 1997. On August 15, 1997 the Bank of
America facility was repaid in its entirety and closed out.
5. See detailed discussion of tax status under Tax Receipts.
16
OFFICE OF THE U.S. TRUSTEE - REGION 3
MONTHLY REPORTING REQUIREMENTS
For the month of September 1997
Debtor Name: Fruehauf International Limited
Case Number: 96-1566 (PJW)
Explanation Document Previously Explanation
Required Documents Attached Submitted Attached
- ------------------ -------- ---------- --------
Condensed Statement
of Operations X
Condensed Balance Sheet X
Statement of Cash
Receipts and Disbursements X
Statement of Aged
Receivables X
Statement of Aged Payables X
Statement of Operations,
Taxes, Insurance and
Personnel X
Tax Receipts X
Other Documentation as
required by the Trustee X
The undersigned individual certifies under penalty of perjury
(28 U.S.C. section 1746) that to the best of the individual's
knowledge, the documents appended are true and correct.
By: /s/ James Wong Date: October 21,1997
---------------- ----------------
James Wong
Chief Financial Officer
17
OFFICE OF THE U.S. TRUSTEE - REGION 3
CONDENSED BALANCE SHEET - UNAUDITED
For The Month Ending September 31, 1997
(Dollars in Thousands)
Debtor Name: Fruehauf International Limited
Case Number: 96-1566(PJW)
Month Month Month
Ended Ended Ended
9/30/97 8/31/97 7/31/97
------- ------- -------
ASSETS
Current Assets
Cash $ 0 $ 0 $ 0
Intercompany accounts
receivable 23,116 23,116 23,116
Trade accounts receivable 1,476 1,476 1,476
Other current assets 0 0 0
------- ------- ------
Total Current Assets 24,592 24,592 24,592
Restricted cash 299 299 299
Other assets and deferred charges (260) (260) (260)
Investment in Fruehauf Corp. 18,783 18,783 18,783
Investment in Deutsche-Fruehauf
Holding 2,395 2,395 2,395
Investment in Fruehauf de Mexico (2,274) (2,324) (2,371)
------- ------- ------
Total Assets $43,535 $43,485 $43,438
======= ======= ======
LIABILITIES & STOCKHOLDERS'
DEFICIT
Not Subject to Compromise:
- --------------------------
Intercompany accounts payable 0 0 0
Other liabilities 0 0 0
------- ------- ------
Total Not Subject to Compromise 0 0 0
Subject to Compromise:
- ----------------------
Other liabilities 110 110 110
------- ------- ------
Total Subject to Compromise 110 110 110
STOCKHOLDERS' DEFICIT 43,425 43,375 43,328
------- ------- ------
Total Liabilities and
Stockholders' Deficit $43,535 $43,485 $43,438
======= ======= =======
18
OFFICE OF THE U.S. TRUSTEE - REGION 3
CONDENSED STATEMENT OF OPERATIONS - UNAUDITED
For The Month Ending September 31, 1997
(Dollars in Thousands)
Debtor Name: Fruehauf International Limited
Case Number: 96-1566(PJW)
9/30/97 8/31/97 5/30/97
------- ------- ------
Sales $ 0 $ 0 $ 0
Cost of Goods Sold 0 0 0
------ ------ ------
Gross Margin 0 0 0
Engineering, selling and
administrative expenses 0 0 0
------ ------ ------
Income (loss) from operations 0 0 0
Interest expense 0 0 0
Other: Earnings/(loss) from
Mexico operations 50 47 34
------ ----- ------
Income (loss) before
reorganization items 50 47 34
Reorganization items:
Professional and other fees
of bankruptcy 0 0 0
Gain (loss) on disposition
of assets 0 0 0
------ ----- ------
Total Reorganization Items 0 0 0
Income (loss) before
income taxes 50 47 34
Provision for income taxes 0 0 0
------ ----- ------
Net Income (loss) before
Extraordinary item $50 $47 $34
====== ===== ======
19
OFFICE OF THE U.S. TRUSTEE - REGION 3
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
For the month of September 1997
Debtor Name: Fruehauf International Limited
Case Number: 96-1566 (PJW)
Cash Receipts
- -------------
None.
Cash Disbursements
- ------------------
None.
20
OFFICE OF THE U.S. TRUSTEE - REGION 3
STATEMENT OF AGED RECEIVABLES
For the month of September 1997
Debtor Name: Fruehauf International Limited
Case Number: 96-1566 (PJW)
Fruehauf International Limited has no trade receivables.
Fruehauf International Limited accounts receivable at the end
of the reporting period consists solely of royalty receivable
amounts due from Fruehauf de Mexico S.A. de C.V.
21
OFFICE OF THE U.S. TRUSTEE - REGION 3
STATEMENT OF AGED PAYABLES
For the month of September 1997
Debtor Name: Fruehauf International Limited
Case Number: 96-1566 (PJW)
None.
22
OFFICE OF THE U.S. TRUSTEE - REGION 3
STATEMENT OF OPERATIONS, TAXES, INSURANCE AND PERSONNEL
For the month of September 1997
Debtor Name: Fruehauf International Limited
Case Number: 96-1566 (PJW)
Status of Postpetition Taxes
- ----------------------------
See Tax Receipts.
Payments to Insiders
- --------------------
None.
Payments to Professionals
- -------------------------
None.
Adequate Protection Payments
- ----------------------------
None.
Insurance
- ---------
Not Applicable.
Personnel
- ---------
Fruehauf International Limited had no employees at the
beginning and end of the reporting period. Its only operating
subsidiary, Fruehauf de Mexico S.A. de C.V., has approximately
330 employees.
23
OFFICE OF THE U.S. TRUSTEE - REGION 3
TAX RECEIPTS
For the month of September 1997
Debtor Name: Fruehauf International Limited
Case Number: 96-1566 (PJW)
None.
24
OFFICE OF THE U.S. TRUSTEE - REGION 3
OTHER DOCUMENTATION AS REQUIRED BY THE TRUSTEE
For the month of September 1997
Debtor Name: Fruehauf International Limited
Case Number: 96-1566 (PJW)
QUESTIONAIRE YES NO
- ------------- --- --
1. Have any assets been sold or transferred X
outside the normal course of business this
reporting period?
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 due? X
7. Are any postpetition state or federal income
taxes past due? X
8. Are any postpetition real estate taxes due? X
9. Are any other postpetition taxes due? X
10. Are any amounts owed to postpetition creditors
past due? X
11. Have any prepetition taxes been paid during the
reporting period? X
12. Are any wage payments past due? X