UNITED STATES BANKRUPTCY COURT
FOR THE EASTERN DISTRICT OF MICHIGAN
TRANSMITTAL OF FINANCIAL REPORTS AND
CERTIFICATION OF COMPLIANCE WITH UNITED STATES TRUSTEE
OPERATING REQUIREMENTS FOR
THE PERIOD ENDED NOVEMBER 30, 2004:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67597
) Chapter 11
) Judge: Marci B. McIvor
INTERMET CORP. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting
of:
X Operating Statement (Form 2)
X Balance Sheet (Form 3)
X Summary of Operations (Form 4)
X Monthly Cash Statement (Form 5)
X Statement of Compensation (Form 6)
X Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and, (if not, attach written
explanation)
YES X NO____
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES X NO____
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization. (If not, attach a written explanation)
YES X NO____
5. All United States Trustee Quarterly fees have been paid and are current
YES X NO____
6. Have you filed your pre-petition tax returns. (If not, attach a written
explanation)
YES X NO____
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: DECEMBER 20, 2004 /s/ Robert E. Belts
----------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- --------------
Title Phone
Intermet Corp. and Subsidiaries
Operating Statements
For the Month Ended 11-30-04
($000's)
CASE # 04-67597
INTERMET
CORP(*)
------------------------------------
Current Month Total Since Filing
------------- -------------------
Net Sales $ 54,521 $ 113,268
Cost of Goods Sold
Materials and Freight 21,001 42,093
Wages - Hourly 9,081 18,863
Wages-Salary 2,803 5,712
Employee Benefits and Pension 5,868 12,680
Repairs & Maintenance 2,533 5,034
Supplies 2,858 5,779
Utilities 3,142 6,216
Purchased Components/Services 4,201 9,146
Income(loss) from Pattern Sales (571) (607)
Fixed Asset - (gain/loss) 2 (74)
MIS Expense 219 523
Travel & Entertainment 35 81
Other Variable Costs 2,343 5,185
Depreciation & Amortization 3,062 6,255
Other Allocated Fixed Costs 321 614
Other Fixed Costs 1,042 2,176
-------- ---------
Cost of Goods Sold 57,940 119,676
Gross Profit (3,419) (6,408)
Plant SG&A Expense 183 379
SG&A Expense - Allocation (Sched 1) 4,907 9,312
Other Operating Expenses (102) (85)
-------- ---------
Total Operating Expenses 4,988 9,606
Operating Profit (8,407) (16,014)
Outside Interest Income 78 177
Outside Interest (Expense) (2,486) (3,867)
Intercompany Interest Income (0) 1
Intercompany Interest (Expense) 0 (1)
Charges (From) Affiliates (1,535) (3,068)
Charges To Affiliates 1,600 3,200
Income/Loss From European Operations (83) 380
Other Income/(Expense) 4 14
-------- ---------
Total Non-Operating Expenses (2,422) (3,164)
Income Before Income Taxes (10,828) (19,177)
Income Tax Expense 149 298
-------- ---------
Net Income ($ 10,977) ($ 19,475)
======== =========
(*) Intermet Corporate includes the consolidated results of Intermet Corporate
and its domestic subsidiaries as well as the income from European Operations.
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs (November)
(Allocation of Corporate Costs to Filing Entities)
November
-----------
Officer Compensation $ 188,750
Salary Expense other Employees 1,017,948
Employee Benefits and Pension 132,427
Payroll Taxes 38,495
Other Taxes 759.01
Rent and Lease Expense 175,759
Interest Expense
Insurance 37,552
Automobile and Truck Expense 18,167
Utilities(Gas Electric,Phone) 6,437
Depreciation 88,493
Travel and Entertainment 50,237
Repairs and Maintenance 65,952
Advertising/Promotion 258
Supplies, Office Expense 25,936
OTHER:
Contributions 0
Professional Fees - Audit/Tax 131,192
Bank Fees 19,003
Public Reporting Fees 16,000
Employee Relocation/Training 1,880
Data Processing 33,902
Dues and Subscriptions 12,683
Outside Services 135,172
Project Development Costs net of Billings 64,668
Director Fees 25,333
Miscellaneous 2,896
Professional Fees - Bankruptcy 2,790,154
Cost Allocation - Out (172,737)
-----------
$ 4,907,317
===========
Allocation:
Wagner Castings $ 177,312
Northern Castings 46,825
Ironton Iron 0
Lynchburg Foundry 179,333
Columbus Foundry 290,418
Wagner Havana 0
Intermet U.S. Holdings 240,779
Cast-Matic Corp. 76,250
Diversified Diemakers 239,650
Ganton Technologies 155,833
Tool Products 127,416
Intermet Corporation 3,373,501
-----------
Total $ 4,907,317
===========
Internet Corp. and Subsidiaries
Balance Sheet as of 11-30-04
NOVEMBER OCTOBER
CASE # 04-67597 CASE # 04-67597
----------------- ---------------
INTERMET INTERMET
CORP CORP
----------------- ---------------
(Note 1) (Note 1)
Cash And Equivalents $ 5,329 $ 38,969
Accounts Receivable 87,987 93,727
Short-Term Intercompany Receivables (5) (7)
Inventories 46,969 47,153
Other Current Assets 7,178 3,727
--------- ---------
TOTAL CURRENT ASSETS 147,458 183,569
Land and Buildings 114,562 114,563
Machinery & Equipment 403,639 399,522
Construction In Progress 10,340 14,346
--------- ---------
Total Fixed Assets 528,541 528,431
Accumulated Depreciation (299,075) (296,126)
--------- ---------
NET FIXED ASSETS 229,466 232,305
Investment In Subsidiaries (2) (2)
Investment In European Operations 91,594 89,077
Long-Term Intercompany Receivables 0 1
Deferred Taxes, Long-Term Asset 147 147
Other Assets 189,367 190,849
--------- ---------
TOTAL ASSETS $ 658,030 $ 695,946
========= =========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 10,871 $ 9,054
Wages and Salaries (See schedule) 3,887 2,964
Taxes Payable - (See schedule) 2,416 1,873
--------- ---------
TOTAL POST PETITION LIABILITIES 17,174 13,891
SECURED LIABILITIES:
SECURED BANK DEBT & IDR BONDS 163,900 198,739
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes (Note 2) 607 607
Accrued Tax - State (269) (210)
Accrued Property Taxes 324 1,183
Accrued Workers Comp 8,139 8,011
Accrued Payroll 3,547 3,936
Accrued Payroll Taxes 0 121
--------- ---------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 12,348 13,648
UNSECURED LIABILITIES
Accounts Payable 64,850 66,038
IDR Bonds 177,000 177,000
--------- ---------
TOTAL UNSECURED LIABILITIES 241,850 243,038
OTHER LIABILITIES
Accrued Liabilities 39,244 35,198
Short-Term Intercompany Payables 0 0
Capital Leases 532 573
Retirement Benefits 79,298 78,871
Deferred Taxes - Long-Term Liability (3,838) (3,838)
Other Long-Term Liabilities 7,743 7,620
Long-Term Intercompany Payables (584) (515)
--------- ---------
TOTAL LIABILITIES 557,667 587,225
Common Stock 2,606 2,608
Capital In Excess Of Par Value 36,200 36,200
Retained Earnings - Prepetition 8,831 8,831
Retained Earnings - Post Petition (19,855) (8,963)
Equity In European Operations 91,594 89,077
Accumulated Translation Adjustment 3,861 3,842
Minimum Pension Liability Adjustment (22,683) (22,683)
Unearned Restricted Stock (191) (191)
--------- ---------
TOTAL SHAREHOLDER EQUITY 100,363 108,721
--------- ---------
TOTAL LIABILITIES AND EQUITY $ 658,030 $ 695,946
========= =========
Note 1: The financial information contained in the operating statement and
balance sheet in the monthly operating statement for Intermet Corporation
represents the consolidation of all of its domestic subsidiaries that are
debtors, other than Intermet Holding Company. Intermet Holding Company is a
holding company of certain foreign subsidiaries and does not itself have any
domestic operations. As a result, Intermet Holding Company's results are
incorporated in the results of Intermet Corporation foreign subsidiaries.
Certain amounts in the previous operating statements have been reclassified to
conform to the presentation of November operating statements.
Note 2: The October 31, 2004 balance sheet includes a reclassification of $8.2
million "Accrued Income Taxes" related to foreign subsidiaries to "Long-Term
Intercompany Payables." This reclassification is the result of consolidation and
elimination of intercompany income tax transactions. There is no cash impact
relating to this reclassification.
PERIOD ENDED: 11-30-04 INTERMET CORPORATION CASE #04-67597
Corporate Books Only - No Subs
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
10/31/2004 Withheld Deposits 11/30/2004
---------- ------------ ---------- ------------
Income tax withheld: Federal $ 0 ($ 148,058) $ 148,058 $ 0
Income tax withheld: State 0 (34,444) 34,444 0
Income tax withheld: Local 0 (217) 217 0
FICA Withheld (137) (47,541) 47,541 (137)
Employers FICA (137) (47,541) 47,541 (137)
Unemployment Tax: Federal (0) (58) 58 (0)
Unemployment Tax: State 0 (368) 368 0
All Other Payroll W/H (63,203) 4,034 0 (59,169)
State Taxes: Inc./Sales/Use/Excise 0 (187,652) 0 (187,652)
(65,169) 0 0 (65,169)
Property Taxes (1,600) (1,600) 0 (3,200)
Workers Compensation 0 0 0 0
--------- ----------- --------- -----------
Total ($130,246) ($ 463,446) $ 278,228 ($ 315,464)
Wages and Salaries (444,026) (1,091,590) 645,300 (890,316)
--------- ----------- --------- -----------
Grand Total ($574,272) ($1,555,036) $ 923,528 ($1,205,780)
========= =========== ========= ===========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) Total 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $1,491,128 $1,416,242 $74,886
Accounts Receivable N/A
INTERMET CORPORATION AND SUBSIDIARIES PERIOD ENDED 11/30/04
MONTHLY CASH STATEMENT
CASE # 04-67597
INTERMET CORPORATION
------------------------------------------------------------------------------------------------------
ACCOUNT TYPE CONCEN. CONCEN. CONCEN. DEPOSIT DEPOSIT AP AP/ BENEFITS PR
ACCOUNT # 1054530796 1851811305 1599333 5401086482 8800789144 2770716377 502836 2770716716
BANK Stan. Fed. Comerica Bank One Stan. Fed. Suntrust Stan. Fed. Bank One Stan. Fed.
BEGINNING BANK BALANCE 911,232 864,248 867,900 - 121,060 - - -
RECEIPTS 11,282,934 3,094 5,134,684 784,194 - - - -
TRANSFERS IN 38,517,874 20,921,852 4,038,876 - - 880,098 - 641,908
DIP INFLOW 7,877,331 - - - - - - -
DISBURSEMENTS (32,745,571) (1,032,595) (769,823) - (120) (880,098) - (641,908)
TRANSFERS OUT (19,698,045) (15,356,278) (8,300,000) (784,194) (120,940) - - -
DIP REPAYMENT (3,638,133) (4,078,617) - - - - - -
------------------------------------------------------------------------------------------------------
ENDING BANK BALANCE 2,507,623 1,321,705 971,638 - - - - -
WIRES PAID FOR BY CORPORATE 34,531,702 266,665
CHECKS ISSUED 767,906
-----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $35,299,608
===========
OUTSTANDING CHECKS AS OF OCTOBER 31 358,457
VOIDED CHECKS OUTSTANDING AS OF OCTOBER 31 (2,396)
CHECKS ISSUED IN NOVEMBER 767,906
CHECK CLEARED IN NOVEMBER (879,548) $550 represents tax service
----------- fees not paid with you with
OUTSTANDING CHECKS AS OF NOVEMBER 30 (SEE OUTSTANDING CHECKLIST) $ 244,419 a check.
===========
CASE # 04-67597
INTERMET CORPORATION
------------------------------------------------------------------------------------------------------
ACCOUNT TYPE BENEFITS BENEFITS CHECKING ENVIRONMENTAL RABBI TRUST SPECIAL RETIREMENT
ACCOUNT # 502756 611996 1385313 400806.1 800558.1 5401197545
BANK Bank One Bank One Bank One Lasalle Stan. Fed. Stan. Fed. TOTAL
BEGINNING BANK BALANCE - - - 3,095,503 2,030,379 - 7,890,323
RECEIPTS - - - 3,595 6,000 - 17,214,502
TRANSFERS IN 67,731 325,993 - - - - 65,394,332
DIP INFLOW - - - - - - 7,877,331
DISBURSEMENTS (67,731) (325,993) - (8,479) - - (36,472,317)
TRANSFERS OUT - - - - - - (44,259,457)
DIP REPAYMENT - - - - - - (7,716,750)
-----------------------------------------------------------------------------------------------------
ENDING BANK BALANCE - - - 3,090,619 2,036,379 - 9,927,965
WIRES PAID FOR BY CORPORATE 34,798,367
CHECKS ISSUED
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION)
OUTSTANDING CHECKS AS OF OCTOBER 31
VOIDED CHECKS OUTSTANDING AS OF OCTOBER 31
CHECKS ISSUED IN NOVEMBER
CHECK CLEARED IN NOVEMBER
OUTSTANDING CHECKS AS OF NOVEMBER 30 (SEE OUTSTANDING CHECKLIST)
NOTE All wires are paid by corporate and allocated to the plants.
INTERMET CORPORATE CASE # 04-67597
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- ------------------------------ -------------------
A-Com Protection Services Inc. $ 109
ADP, Inc. 221
Alabama Power 1,972
American Electric Power 1,446
American Society For Corporate 475
Amtech International Group,Ltd 38,286
Andrews, Thomas 672
Anx Ebusiness 6,912
Arch Consulting Associates 750
Arch Wireless 28
Ascom Hasler 716
Association For Financial 295
AT&T 260
AT&T Wireless 136
Atmos Energy 189
Autoweb Communications, Inc. 995
Backman, David 265
Baird, Thomas 500
Beglin, Justin 72
Bellsouth 2,247
Belts, Robert 22
Bernard E. Wallace, Jr 364
Berney Office Solutions 362
Blasch Precision Ceramics 800
Bruechert, Paul 60
Bryant'S Tree Service 225
Burge, Craig 701
Burton, Glen 80
C.P.C., Inc. 31,297
Carco, Inc. 567
Carilion New River Valley 972
Chemical Market Reporter 189
Cintas Corporation 66
City Of Lynchburg 991
City Of Radford 12,285
Client Services-Ecm 91
Com Ed 204
Cor Solutions, Inc. 29,509
Dell Marketing L.P. 877
Dickson Allan 7,241
Druschitz, Alan P 416
Edwin B. Branch 16,832
Egh/Timberland Three L.P. 60,144
Electrical Specialties 18
Enterprise Fleet Services 12,387
Exec-U-Care 7,739
Executive Coffee Systems 310
Exxon Mobil/Gecc 164
Fahrner, John 563
VENDOR TOTAL DISBURSEMENTS
- ------------------------------ -------------------
Fears, Harding 752
Federal Reserve Bank Of 450
Fidelity Institutional 4,182
Financial Executives Int'L 475
GE Capital 19,512
Georgia Income Tax Division 1,750
Georgia Power 3,537
Gierc, Daniel 266
Gilliland, Tim 984
Global Exchange Services 1,244
Gopal, Nanda P N 2,304
Hoover, Rob 1,264
Ibm Corporation 35,338
Ibm Limited Special Billing 201
Ikon Financial Services 1,925
Irvin, Leslie B 2,296
James Davis Cleaning Service 1,800
John Hancock Financial Svcs 8,177
Karjala, Mary Jo 181
Kelly, Mike 258
Ken Branch 59
Key Maintenance Corporation 120
Klein, Kyle 66
Kuzinski, Mark 491
Liebert Global Services 1,522
Lisio, John 1,088
Longhurst, John 1,117
Macioce, Raphael 716
Mackinney Systems 399
Malecki, Elizabeth 1,380
Management Systems Intl, Inc. 12,063
Martin, J.W 339
Martinez, Fred 1,595
Mcclure, Charles 2,402
Meissner Modellbaugmbh 44,437
Metlife 9,327
Michigan Corporate Office Plus 2,139
Miller, Alan 955
Moore, Terry 174
Nemshick, David 10
Ntfc Capital Corporation 367
Office Depot, Inc. 4,032
Pams, Gene 12
Pennsylvania Scdu 747
Penske Leasing 1,760
Pilon, Kevin 1,045
Plasko, Randall 148
Pr Newswire Association, Llc 4,563
Preferred Data Systems 9,776
Premier Technology Group, Llc 870
Prucha, Tom 1,620
Rar Holdings, Inc. 3,322
Ratka, Richard 150
Ridley'S Bakery Cafe 355
Roberts, Donald 2,379
VENDOR TOTAL DISBURSEMENTS
- ------------------------------ -------------------
Ruff, Gary F 919
Rutherford, John 102
Sanders, S. David 138
SBC 855
Schellhase, Dan 212
Security Forces, Inc. 478
Seniorscrips 1,378
Shaw, Robert 10,980
Showalter, Eric 1,697
Shred-It Detroit 80
Silbert, Richard 2,372
Society For Human Resource 320
Solarcom 29,960
Sprint 37,591
Sprouse, Jane 209
Sterling Commerce-73199 15
Stolze Printing Company 5,569
Sungard Availability Services 834
Tax Commissioner 289
Terminix International 9
Thomson Financial 3,870
Tradewinds Aviation 4,153
Treasurer, City Of Radford 95,587
Troutman Sanders Llp 7,500
U.S. Trustee 31,000
United American Insurance Co. 41,544
United Way Of Central Virginia 330
Valueoptions, Inc 14,140
Vass, S. Reid 490
Verizon 2,207
Verizon Wireless Messaging Svc 90
Verizon Wireless-Great Lakes 3,328
Voss, David 588
Walker, Sean 705
Waste Management 92
Wayne Booth Investments 25,300
With Our Compliments, Inc 162
Women'S Economic Club 135
Xerox Corporation 1,700
Xpedx - Lynchburg 151
Zeimet, Randy 371
ABC Coke Total 390,121
Alcan Aluminum Corporation Total 1,810,714
Alcast Company Total 57,518
ALFE Heat Treating Total 226,825
Allied Mineral Total 26,770
Allied Mineral Products Total 16,526
Alter Trading Total 90,000
Aluminum Resources Total 62,282
Amacor Total 141,700
Behr Metals Total 460,000
Bentonite Performance Minerals Total 77,625
Boxley Materials Co. Total 1,995
CCMA Total 174,104
Cometals Total 46,637
VENDOR TOTAL DISBURSEMENTS
- ------------------------------ -------------------
Crest Products Total 22,280
Dana Total 807,329
Dead Sea Magnesium Total 274,253
Dimetek Total 13,856
DME RR Total 52,252
Eastern Alloys, inc. Total 183,034
EDP Engineering Group Total 50,880
Elkem Metals, Inc. Total 318,848
EMLEX Construction Co. Total 88,715
Fairmont Minerals Total 96,105
Foseco Metallurgical Inc. Total 125,972
Freudenberg NOK Total 43,621
Globe Total 515,661
Graco Inc. Total 12,000
HA International LLC Total 192,963
Hart Metals Total 66,000
Hickman Williams Total 1,060
Hill & Griffith Total 251,818
Hydro Magnesium Total 147,249
IMCO Recycling Total 2,206,256
Keystone Powder Metal Co. Total 20,423
L & S Precision Total 1,058
Land Transportation Total 185,088
Larpen Metallurgical Service Total 154,988
Metallurg Total 17,473
Midland Industries, Inc. Total 88,943
Miller & Co. Total 624,801
MPC Total 15,472
MSC Industrial Supply Total 6,741
National Metal Abrasive Total 6,750
Noranda Aluminum Total 150,548
Norfolk Southern Total 100,000
Ohio Screw Products Total 4,038
OmniSource Corporation Total 254,640
Oneok Energy Marketing Company Total 70,900
Parker Hannifin Total 34,792
Pechiney Total 33,334
Porter Warner Industries Total 25,845
Primetrade, Inc. Total 599,658
QME Total 4,475
RES Manufacturing Total 52,147
RI Lampus Total 56,964
Rice Industries Total 1,481
Richland Total 8,823
Roush Industries Total 68,100
Silica Transport Total 29,641
Smurfit-Stone Total 3,607
Spectro Alloys Corporation Total 1,242,029
Spray-rite Total 46,408
Superior Graphite Co. Total 20,093
Supreme Cores Total 32,911
Tenneco Automotive Total 6,270
The David J. Joseph Company Total 8,481,000
ThyssenKrupp Specialty Steels, Inc. Total 626
Tinnerman Palnut Total 18,230
VENDOR TOTAL DISBURSEMENTS
- ------------------------------ -------------------
Toyota Tsusho Total 46,949
Trans Man Logistics, Inc. Total 542,686
Trelleborg Total 115,920
TSBY RR Total 62,118
Tube City Total 1,114,398
UMETCO Inc. Total 153,700
Unimin Corporation Total 57,728
US Magnesium LLC Total 545,532
US Oil Total 186,940
Wheelabrator Abrasives Total 166,670
Bank of Nova Scotia 543,531
Blue Cross Blue Shields 2,679,743
Deutsche Bank 453,870
Fidelity Savings and Profit Plan 37,015
Lasalle Bank 1,000
Marsch Insurance 649,250
Medco Health 484,899
O'Melveny & Myers 154,822
Putnam 401K 88,236
SRI Quality System Registrar 28,466
Value Options 17,868
Vanguard Group 401K 246,057
Wills of Michigan 215,400
Corporate Payroll 266,665
Decatur Payroll 743,830
Havana Payroll 36,069
Jackson Payroll 179,784
Minneapolis Payroll 785,715
Monroe Payroll 870,478
Racine Payroll 201,145
Stevensville Payroll 106,321
Archer Creek Prepetition Cleared 309
Bank of Nova Scotia - Net with DIP 598,041
Bank One - Account 502836 Closing Transfer 16,482
Comerica Bank 8,574
Corporate AP Subsequently Reimbursed 1,100
Textron - Stop Payment (Week of 11/15) 54,600
Georgia Sales Tax - CFI 62,459
Malloy - Health Care Benefits - Acct 611996 325,993
Metlife Dental Benefits - Acct 502756 67,732
Minneapolis Sales Tax 1,254
Monroe Health Care Benefits - Acct 688486 650
Standard Federal 10,429
Value Options Benefits - Acct 502836 2,567
Vanguard 401K 77,440
-----------
TOTALS $35,299,608
===========
INTERMET COPORATION
CASE # 04-67597
AT 11/30/04
CORPORATE - NOVEMBER BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 244,419.22
Unadjusted GL Balance 288,569.37
---------------
Difference 44,150.15
===============
Pre-petition Checks to be voided in
in the G/L 44,151.06
---------------
Unreconciled Difference $ 0.91
INTERMET CORPORATION
OUTSTANDING CHECKS
CASE #04-67597
CHECK DATE OUTSTANDING
91412 10/22/2004 $ 503.39
91443 10/22/2004 106.17
91501 10/29/2004 112.56
91617 11/5/2004 72559.52
91637 11/12/2004 971.99
91649 11/12/2004 860.34
91653 11/12/2004 58.81
91675 11/12/2004 34.46
91677 11/12/2004 5569
91688 11/19/2004 1767.5
91690 11/19/2004 414.94
91692 11/19/2004 19.5
91699 11/19/2004 79.85
91701 11/19/2004 991.23
91705 11/19/2004 309.68
91707 11/19/2004 751.91
91708 11/19/2004 450
91709 11/19/2004 1750
91710 11/19/2004 123.84
91718 11/19/2004 60.76
91727 11/19/2004 73.85
91729 11/19/2004 7500
91740 11/24/2004 750
91741 11/24/2004 500
91742 11/24/2004 21.63
91743 11/24/2004 362.01
91744 11/24/2004 225
91745 11/24/2004 16.44
91749 11/24/2004 17.5
91751 11/24/2004 19512.14
91752 11/24/2004 1244.45
91754 11/24/2004 532.21
91755 11/24/2004 201.26
91756 11/24/2004 477
91757 11/24/2004 900
91758 11/24/2004 120
91759 11/24/2004 274.42
91761 11/24/2004 1087.59
91764 11/24/2004 9327.15
91765 11/24/2004 367
91766 11/24/2004 2079.97
91767 11/24/2004 747
91768 11/24/2004 1759.68
91769 11/24/2004 682.2
91770 11/24/2004 30.75
91771 11/24/2004 3322
91773 11/24/2004 81.43
91774 11/24/2004 62.34
91775 11/24/2004 79.8
91777 11/24/2004 320
91778 11/24/2004 100.5
91779 11/24/2004 8.53
91780 11/24/2004 2176.99
91781 11/24/2004 23027.55
91782 11/24/2004 5328
OUTSTANDING CHECK LIST
CHECK DATE OUTSTANDING
91783 11/24/2004 330
91785 11/24/2004 403.66
91786 11/24/2004 1105.35
91787 11/24/2004 487.32
91788 11/24/2004 91.62
91789 11/24/2004 85
91790 11/24/2004 426.11
91791 11/24/2004 756.08
91793 11/24/2004 185.04
91795 11/24/2004 44437.2
91797 11/24/2004 25300
------------
Outstanding Checks $ 244,419.22
============
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: NOVEMBER 30, 2004
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: INTERMET CORP. Capacity: ___ Shareholder
Case Number: 04-67597 ___ Officer
___ Director
___ Insider
PLEASE SEE COMPANY PREPARED SCHEDULE ATTACHED.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _________
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _________
Life Insurance _______ _________
Retirement _______ _________
Company Vehicle _______ _________
Entertainment _______ _________
Travel _______ _________
Other Benefits _______ _________
Total Benefits _______ _________
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _________
Loans _______ _________
Other (Describe) _______ _________
Other (Describe) _______ _________
Other (Describe) _______ _________
Total Other Payments _______ _________
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $0
Dated: DECEMBER 20, 2004 ________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Intermet Corporation and Subsidiaries
Month Ended November 30, 2004
GARY ROBERT E. TIMOTHY R. JOHN B. TODD THOMAS E.
NAME: RUFF BELTS GILLILAND RUTHERFORD HEAVIN PRUCHA
------------------------------------------------------------------------------------
Chairman & CEO VP Finance VP-Sales & VP-Ferrous VP-Technical
JOB DUTIES: Director and CFO VP- Light Metals Marketing Metals Services
------------------------------------------------------------------------------------
COMPENSATION-MONTHLY(11/30/04): 41,667 21,667 16,667 16,667 17,500 14,583
------- ------- ------- ------- ------- -------
BENEFITS PAID:
Health Insurance 968 968 692 692 968 692
Life Insurance 345 179 138 138 145 121
AD&D 18 9 7 7 8 6
Dependent Life 1 1 1 1 1 1
Long Term Disability 142 142 142 142 142 124
Executive Medical 358 358 358 358 358 358
Deferred Comp 0 0 0 0 0 0
Retirement 0 0 0 0 0 0
Company Vehicle 1,104 850 850 850 855 842
Cell Phone 171 253 98
Transportation--Gasoline 107
(EXPENSE REIMBURSE):
Meals & Entertainment 29 68 24 397
Travel 22 719 78 779
Communications (cell phone, etc.) 50 197 70
Dues & Subscriptions 375
Miscellaneous 246
Board Expenses (Transportation) 451
OTHER PAYMENTS:
Rents Paid
Loans
Other (Describe)
------- ------- ------- ------- ------- -------
TOTAL OF ALL PAYMENTS $45,486 $24,367 $19,839 $19,210 $20,074 $18,347
======= ======= ======= ======= ======= =======
ALAN J. BYTHA GREG MICHAEL MARY
NAME: MILLER MILLS WAHOWIAK SKRZYPCAK JO KARJALA TOTAL
----------------------------------------------------------------------------------------------
VP, General Counsel Business Systems
JOB DUTIES: Ass't Secretary VP- Administration Director Treasurer Secretary
----------------------------------------------------------------------------------------------
COMPENSATION-MONTHLY(11/30/04): 18,750 12,500 11,917 10,833 6,000 188,750
------- ------- ------- ------- ------ --------
BENEFITS PAID:
Health Insurance 692 345 623 968 692 8,299
Life Insurance 155 104 99 90 50 1,563
AD&D 8 5 4 4 4 80
Dependent Life 1 1 1 1 11
Long Term Disability 142 106 101 92 51 1,325
Executive Medical 358 358 358 0 0 3,225
Deferred Comp 0 0 0 0 0 0
Retirement 0 0 0 0 0 0
Company Vehicle 850 850 650 0 0 7,701
Cell Phone 67 65 654
Transportation--Gasoline 107
(EXPENSE REIMBURSE): 0
Meals & Entertainment 518
Travel 40 1,638
Communications (cell phone, etc.) 316
Dues & Subscriptions 315 690
Miscellaneous 600 181 1,027
Board Expenses (Transportation) 451
OTHER PAYMENTS:
Rents Paid
Loans
Other (Describe)
------- ------- ------- ------- ------ --------
TOTAL OF ALL PAYMENTS $21,912 $14,268 $13,820 $12,053 $6,979 $216,355
======= ======= ======= ======= ====== ========
Intermet Corporation and Subsidiaries Intermet Corporation
Schedule of In-Force Insurance Case Number: 04-67597
POLICY COVERAGE CARRIER POLICY PERIOD
- --------------- ------- -------------
Property Lloyds 11/1/04-11/01/05
Boiler/Machine Hartford 11/1/04-11/01/05
Cargo Fireman's Fund 11/1/04-11/01/05
Truck Cargo Fireman's Fund 11/1/04-11/01/05
Aviation USAIG 11/1/04-11/01/05
Fiduciary St. Paul 11/1/04-11/01/05
Primary D&O St. Paul 11/1/04-11/01/05
Excess D&O Chubb 11/1/04-11/01/05
Side A Platte River 11/1/04-11/01/05
Crime Gulf 11/1/04-12/1/04
General Liability Liberty Mutual 11/1/04-12/22/04
Umbrella National Union 11/1/04-12/22/04
Work Comp Liberty Mutual 11/1/04-12/22/04
Excess Work Comp Liberty Mutual 11/1/04-12/22/04
Auto Liberty Mutual 11/1/04-12/22/04
Foreign (DIC) Liberty Mutual 11/1/04-12/22/04
UNITED STATES BANKRUPTCY COURT
FOR THE EASTERN DISTRICT OF MICHIGAN
TRANSMITTAL OF FINANCIAL REPORTS AND
CERTIFICATION OF COMPLIANCE WITH UNITED STATES TRUSTEE
OPERATING REQUIREMENTS FOR
THE PERIOD ENDED NOVEMBER 30, 2004:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67599
) Chapter 11
) Judge: Marci B. McIvor
ALEXANDER CITY CASTING CO., INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
X Operating Statement (Form 2)
X Balance Sheet (Form 3)
X Summary of Operations (Form 4)
X Monthly Cash Statement (Form 5)
X Statement of Compensation (Form 6)
X Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and, (if not, attach written
explanation)
YES X NO___
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current. (If
not, attach written explanation)
YES X NO___
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization. (If not, attach a written explanation)
YES X NO___
5. All United States Trustee Quarterly fees have been paid and are current
YES X NO___
6. Have you filed your pre-petition tax returns. (If not, attach a written
explanation)
YES X NO___
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: DECEMBER 20, 2004 /s/ Robert E. Belts
----------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- --------------
Title Phone
Intermet Corp. and Subsidiaries
Operating Statement
For the Month Ended 11-30-04
($000's)
CASE # 04-67599
ALEXANDER
CITY CASTING CO.
----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales $ 0 $ 0
Cost of Goods Sold
Materials and Freight - -
Wages - Hourly - -
Wages-Salary - -
Employee Benefits and Pension - -
Repairs & Maintenance - -
Supplies - -
Utilities - -
Purchased Components/Services - -
Income(loss) from Pattern Sales - -
Fixed Asset - (gain/loss) - -
MIS Expense - -
Travel & Entertainment - -
Other Variable Costs 80 84
Depreciation & Amortization - -
Other Allocated Fixed Costs - -
Other Fixed Costs - -
---- ----
Cost of Goods Sold 80 84
Gross Profit (80) (84)
Plant SG&A Expense - -
SG&A Expense - Allocation (Sched 1) - -
Other Operating Expenses - -
---- ----
Total Operating Expenses - -
Operating Profit (80) (84)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) - -
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations
Other Income/(Expense) 1 1
---- ----
Total Non-Operating Expenses 1 1
Income Before Income Taxes (79) (83)
Income Tax Expense 4 4
---- ----
Net Income ($ 83) ($ 87)
==== ====
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs (November)
(Allocation of Corporate Costs to Filing Entities)
November
-----------
Officer Compensation $ 188,750
Salary Expense other Employees 1,017,948
Employee Benefits and Pension 132,427
Payroll Taxes 38,495
Other Taxes 759.01
Rent and Lease Expense 175,759
Interest Expense
Insurance 37,552
Automobile and Truck Expense 18,167
Utilities(Gas Electric, Phone) 6,437
Depreciation 88,493
Travel and Entertainment 50,237
Repairs and Maintenance 65,952
Advertising/Promotion 258
Supplies, Office Expense 25,936
OTHER:
Contributions 0
Professional Fees - Audit/Tax 131,192
Bank Fees 19,003
Public Reporting Fees 16,000
Employee Relocation/Training 1,880
Data Processing 33,902
Dues and Subscriptions 12,683
Outside Services 135,172
Project Development Costs net of Billings 64,668
Director Fees 25,333
Miscellaneous 2,896
Professional Fees - Bankruptcy 2,790,154
Cost Allocation - Out (172,737)
-----------
$ 4,907,317
===========
Allocation:
Wagner Castings $ 177,312
Northern Castings 46,825
Ironton Iron 0
Lynchburg Foundry 179,333
Columbus Foundry 290,418
Wagner Havana 0
Intermet U.S. Holdings 240,779
Cast-Matic Corp. 76,250
Diversified Diemakers 239,650
Ganton Technologies 155,833
Tool Products 127,416
Intermet Corporation 3,373,501
-----------
Total $ 4,907,317
===========
Intermet Corp. and Subsidiaries
Balance Sheet as Of 11-30-04
CASE # 04-67599
----------------
ALEXANDER
CITY CASTING CO.
----------------
Cash And Equivalents $ 0
Accounts Receivable 0
Short-Term Intercompany Receivables 0
Inventories 133
Other Current Assets 0
--------
TOTAL CURRENT ASSETS 133
Land and Buildings 537
Machinery & Equipment 1,592
Construction In Progress 0
--------
Total Fixed Assets 2,129
Accumulated Depreciation 0
--------
NET FIXED ASSETS 2,129
Investment In Subsidiaries 0
Investment In European Operations 0
Long-Term Intercompany Receivables 0
Deferred Taxes, Long-Term Asset 0
Other Assets 0
--------
TOTAL ASSETS $ 2,262
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 0
Wages and Salaries (See schedule) 0
Taxes Payable - (See schedule) 4
--------
TOTAL POST PETITION LIABILITIES 4
SECURED LIABILITIES:
SECURED BANK DEBT & IDR BONDS 0
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes 0
Accrued Tax - State 0
Accrued Property Taxes 0
Accrued Workers Comp. 0
Accrued Payroll 0
Accrued Payroll Taxes
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 0
UNSECURED LIABILITIES
Accounts Payable 0
IDR Bonds 0
--------
TOTAL UNSECURED LIABILITIES 0
OTHER LIABILITIES
Accrued Liabilities 153
Short-Term Intercompany Payables 0
Capital Leases 0
Retirement Benefits 0
Deferred Taxes - Long-Term Liability 0
Other Long-Term Liabilities 0
Long-Term Intercompany Payables 36,953
--------
TOTAL LIABILITIES 37,110
Common Stock 10
Capital In Excess Of Par Value 90
Retained Earnings - Prepetition (34,861)
Retained Earnings - Post Petition (87)
Equity In European Operations 0
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
--------
TOTAL SHAREHOLDER EQUITY (34,848)
--------
TOTAL LIABILITIES AND EQUITY $ 2,262
========
PERIOD ENDED: 11-30-04 ALEXANDER CITY CASTING CO., INC. CASE #04-67599
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
10/31/2004 Withheld Deposits 11/30/2004
---------- --------- ---------- ----------
Income tax withheld: Federal $0 $ 0 $0 $ 0
Income tax withheld: State $0 $ 0 $0 $ 0
Income tax withheld: Local $0 $ 0 $0 $ 0
FICA Withheld $0 $ 0 $0 $ 0
Employers FICA $0 $ 0 $0 $ 0
Unemployment Tax: Federal $0 $ 0 $0 $ 0
Unemployment Tax: State $0 $ 0 $0 $ 0
All Other Payroll W/H $0 $ 0 $0 $ 0
$0 $ 0 $0 $ 0
State Taxes: Inc./Sales/Use/Excise $0 $4,500 $0 $4,500
Property Taxes $0 $ 0 $0 $ 0
$0
Workers Compensation 0 0 0 0
-- ------ -- ------
Total $0 $4,500 $0 $4,500
Wages and Salaries 0 0 0 0
-- ------ -- ------
Grand Total $0 $4,500 $0 $4,500
== ====== == ======
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $0 $0 $0
Accounts Receivable $0 $0 $0
MONTHLY CASH STATEMENT
Period Ending: NOVEMBER 30, 2004
ALEXANDER CITY CASTING CO., INC.
Case Number: 04-67599
CASH ACTIVITY ANALYSIS (CASH BASIS ONLY):
General Payroll Tax Cash Coll. Petty Cash
Acct. Acct. Acct. Acct. Acct.
A. Beginning Balance _____ _____ _____ _____ _____
B. Receipts _____ _____ _____ _____ _____
(Attach separate schedule)
C. Balance Available _____ _____ _____ _____ _____
(A+B)
D. Less Disbursements _____ _____ _____ _____ _____
(Attach separate schedule)
E. Ending Balance N/A - COMPANY HAS NO BANK ACCOUNTS
(C-D)
(PLEASE ATTACH COPIES OF MOST RECENT RECONCILED BANK STATEMENTS FROM EACH
ACCOUNT)
General Account:
1. Depository Name & Location _________________________________________
2. Account Number _________________________________________
Payroll Account:
1. Depository Name & Location _________________________________________
2. Account Number _________________________________________
Tax Account:
1. Depository Name & Location _________________________________________
2. Account Number _________________________________________
Other monies on hand (specify type and location) i.e., CD's, bonds, etc.:
____________________________________________________________________________
____________________________________________________________________________
Date: DECEMBER 20, 2004 ______________________________
Debtor in Possession
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: NOVEMBER 30, 2004
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: ALEXANDER CITY CASTING CO., INC. Capacity: ___ Shareholder
Case Number: 04-67599 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED AT INTERMET
CORPORATION. PLEASE SEE INTERMET CORPORATION (CASE #04-67597) FOR ALL INSIDER
COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $ 0
Dated: DECEMBER 20, 2004 ________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Intermet Corporation and Subsidiaries Alexander City Casting Company, Inc.
Schedule of In-Force Insurance Case Number: 04-67599
POLICY COVERAGE CARRIER POLICY PERIOD
- --------------- -------------- ----------------
Property Lloyds 11/1/04-11/01/05
Boiler/Machine Hartford 11/1/04-11/01/05
Cargo Fireman's Fund 11/1/04-11/01/05
Truck Cargo Fireman's Fund 11/1/04-11/01/05
Aviation USAIG 11/1/04-11/01/05
Fiduciary St. Paul 11/1/04-11/01/05
Primary D&O St. Paul 11/1/04-11/01/05
Excess D&O Chubb 11/1/04-11/01/05
Side A Platte River 11/1/04-11/01/05
Crime Gulf 11/1/04-12/1/04
General Liability Liberty Mutual 11/1/04-12/22/04
Umbrella National Union 11/1/04-12/22/04
Work Comp Liberty Mutual 11/1/04-12/22/04
Excess Work Comp Liberty Mutual 11/1/04-12/22/04
Auto Liberty Mutual 11/1/04-12/22/04
Foreign (DIC) Liberty Mutual 11/1/04-12/22/04
UNITED STATES BANKRUPTCY COURT
FOR THE EASTERN DISTRICT OF MICHIGAN
TRANSMITTAL OF FINANCIAL REPORTS AND
CERTIFICATION OF COMPLIANCE WITH UNITED STATES TRUSTEE
OPERATING REQUIREMENTS FOR
THE PERIOD ENDED NOVEMBER 30, 2004:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67605
) Chapter 11
) Judge: Marci B. McIvor
CAST-MATIC CORPORATION )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
X Operating Statement (Form 2)
X Balance Sheet (Form 3)
X Summary of Operations (Form 4)
X Monthly Cash Statement (Form 5)
X Statement of Compensation (Form 6)
X Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and, (if not, attach written
explanation)
YES X NO___
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES X NO___
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization. (If not, attach a written explanation)
YES X NO___
5. All United States Trustee Quarterly fees have been paid and are current
YES X NO___
6. Have you filed your pre-petition tax returns. (If not, attach a written
explanation)
YES X NO___
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: DECEMBER 20, 2004 /s/ Robert E. Belts
----------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- --------------
Title Phone
INTERMET CORP. AND SUBSIDIARIES
OPERATING STATEMENT
FOR THE MONTH ENDED 11-30-04
($000'S)
CASE #04-67605
CAST-MATIC
CORP
-----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales $ 3,858 $ 7,012
Cost of Goods Sold
Materials and Freight 2,342 4,222
Wages - Hourly 261 510
Wages-Salary 138 266
Employee Benefits and Pension 88 172
Repairs & Maintenance 109 184
Supplies 168 440
Utilities 92 181
Purchased Components/Services 191 332
Income(loss) from Pattern Sales - -
Fixed Asset - (gain/loss) - -
MIS Expense 9 21
Travel & Entertainment 2 3
Other Variable Costs 155 306
Depreciation & Amortization 163 326
Other Allocated Fixed Costs - -
Other Fixed Costs 88 176
------------- ------------------
Cost of Goods Sold 3,808 7,141
Gross Profit 50 (129)
Plant SG&A Expense - -
SG&A Expense - Allocation (Sched 1) 76 152
Other Operating Expenses - -
------------- ------------------
Total Operating Expenses 76 152
Operating Profit (26) (281)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (34) (49)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations
Other Income/(Expense) (1) 13
------------- ------------------
Total Non-Operating Expenses (34) (35)
Income Before Income Taxes (61) (317)
Income Tax Expense 25 50
------------- ------------------
Net Income ($ 86) ($ 367)
============= ==================
INTERMET CORP AND SUBSIDIARIES SCHEDULE 1
CORPORATE SELLING, GENERAL AND ADMINISTRATIVE COSTS (NOVEMBER)
(ALLOCATION OF CORPORATE COSTS TO FILING ENTITIES)
NOVEMBER
-----------
Officer Compensation $ 188,750
Salary Expense other Employees 1,017,948
Employee Benefits and Pension 132,427
Payroll Taxes 38,495
Other Taxes 759.01
Rent and Lease Expense 175,759
Interest Expense
Insurance 37,552
Automobile and Truck Expense 18,167
Utilities(Gas Electric, Phone) 6,437
Depreciation 88,493
Travel and Entertainment 50,237
Repairs and Maintenance 65,952
Advertising/Promotion 258
Supplies, Office Expense 25,936
OTHER:
Contributions 0
Professional Fees - Audit/Tax 131,192
Bank Fees 19,003
Public Reporting Fees 16,000
Employee Relocation/Training 1,880
Data Processing 33,902
Dues and Subscriptions 12,683
Outside Services 135,172
Project Development Costs net of Billings 64,668
Director Fees 25,333
Miscellaneous 2,896
Professional Fees - Bankruptcy 2,790,154
Cost Allocation - Out (172,737)
-----------
$ 4,907,317
===========
Allocation:
Wagner Castings $ 177,312
Northern Castings 46,825
Ironton Iron 0
Lynchburg Foundry 179,333
Columbus Foundry 290,418
Wagner Havana 0
Intermet U.S. Holdings 240,779
Cast-Matic Corp. 76,250
Diversified Diemakers 239,650
Ganton Technologies 155,833
Tool Products 127,416
Intermet Corporation 3,373,501
-----------
Total $ 4,907,317
===========
INTERMET CORP. AND SUBSIDIARIES
BALANCE SHEET AS OF 11-30-04
CASE #04-67605
--------------
CAST-MATIC
CORP
--------------
Cash And Equivalents $ 0
Accounts Receivable 5,190
Short-Term Intercompany Receivables 8
Inventories 2,152
Other Current Assets 61
--------------
TOTAL CURRENT ASSETS 7,411
Land and Buildings 2,889
Machinery & Equipment 17,488
Construction In Progress 123
--------------
Total Fixed Assets 20,500
Accumulated Depreciation (6,434)
--------------
NET FIXED ASSETS 14,066
Investment In Subsidiaries 0
Investment In European Operations 0
Long-Term Intercompany Receivables 0
Deferred Taxes, Long-Term Asset 0
Other Assets 0
--------------
TOTAL ASSETS $ 21,477
==============
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 370
Wages and Salaries (See schedule) 134
Taxes Payable - (See schedule) 119
--------------
TOTAL POST PETITION LIABILITIES 623
SECURED LIABILITIES:
Secured Bank Debt & IDR Bonds 0
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes 0
Accrued Tax - State 25
Accrued Property Taxes (67)
Accrued Workers Comp. 0
Accrued Payroll 0
Accrued Payroll Taxes
--------------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES (42)
UNSECURED LIABILITIES
Accounts Payable 3,211
IDR Bonds 0
--------------
TOTAL UNSECURED LIABILITIES 3,211
OTHER LIABILITIES
Accrued Liabilities 285
Short-Term Intercompany Payables 607
Capital Leases 0
Retirement Benefits 0
Deferred Taxes - Long-Term Liability 0
Other Long-Term Liabilities 0
Long-Term Intercompany Payables 16,033
--------------
TOTAL LIABILITIES 20,717
Common Stock 0
Capital In Excess Of Par Value 2,109
Retained Earnings - Prepetition (982)
Retained Earnings - Post Petition (367)
Equity In European Operations 0
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
--------------
TOTAL SHAREHOLDER EQUITY 760
--------------
TOTAL LIABILITIES AND EQUITY $ 21,477
==============
PERIOD ENDED: 11-30-04 CAST-MATIC CORP. CASE #04-67605
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
10/31/2004 Withheld Deposits 11/30/04
---------- --------- ---------- --------
Income tax withheld: Federal $ 0 $ 43,043 $ (43,043) $ 0
Income tax withheld: State 0 12,395 (12,395) 0
Income tax withheld: Local 0 44 (44) 0
FICA Withheld 0 26,562 (26,562) 0
Employers FICA 4,458 30,434 (26,562) 8,330
Unemployment Tax: Federal 27 177 (150) 54
Unemployment Tax: State 260 946 (948) 259
All Other Payroll W/H 0 0 0 0
State Taxes: Inc./Sales/Use/Excise 0 50,000 0 50,000
Property Taxes 25,000 35,000 0 60,000
Workers Compensation 0 0 0 0
---------- --------- ---------- --------
Total $ 29,745 $ 198,602 $ (109,704) $118,643
Wages and Salaries 102,476 404,589 (372,967) 134,097
---------- --------- ---------- --------
Grand Total $ 132,221 $ 603,190 $ (482,671) $252,740
========== ========= ========== ========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) Total 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $ 367,355 $ 367,355 $ 0 $ 0
Accounts Receivable $4,969,083 $4,579,573 $ 371,181 18,328.80
INTERMET CORPORATION AND SUBSIDIARIES PERIOD ENDED 11/30/2004
MONTHLY CASH STATEMENT
CASH ACTIVITY ANALYSIS:
CASE # 04-67605
CAST-MATIC CORP (STEVENSVILLE)
--------------------------------------------------------------
ACCOUNT TYPE LOCKBOX 673038 DEPOSITORY AP PR
ACCOUNT # 1851812063 361567604 2176982979 2176983126
BANK Comerica Bank One Comerica Comerica TOTAL
BEGINNING BANK BALANCE - - - - -
RECEIPTS 1,614,175 - - 3 1,614,178
TRANSFERS IN (CORPORATE) - - 466,927 307,368 774,295
DIP INFLOW - - - - -
DISBURSEMENTS - - (466,927) (307,371) (774,298)
TRANSFERS OUT (CORPORATE) (1,614,175) - - - (1,614,175)
DIP REPAYMENT - - - - -
---------- ----- ---------- -------- ----------
ENDING BANK BALANCE - - - - (0.00)
WIRES PAID FOR BY CORPORATE 1,646,751 106,321 1,753,073
CHECKS ISSUED 428,637
----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $2,075,389
==========
OUTSTANDING CHECKS AS OF OCTOBER 31 106,147
VOIDED CHECKS OUTSTANDING AS OF OCTOBER 31 -
CHECKS ISSUED IN NOVEMBER 428,637
CHECK CLEARED IN NOVEMBER (466,927)
----------
OUTSTANDING CHECKS AS OF NOVEMBER 30 (SEE OUTSTANDING CHECKLIST) $ 67,857
==========
CAST-MATIC CORP. CASE NO. 04-67605
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- -------------------------------------------------- -------------------
ACE HARDWARE $ 1,599
ADAMS REMCO, INC. 2,988
ADP, INC. 2,023
Air Tech Engineering Inc. 15,586
AITKEN PRODUCTS 1,530
ALCAN ALUMINUM CORPORATION 1,369,486
ALFE Heat Treating, Inc. 226,825
ALLIED WITAN COMPANY 175
ALRO STEEL CORPORATION 148
AMERICAN ELECTRIC POWER 17,742
Anderson Pattern, Inc 33,695
Anstey Foundry 265
ARROW HEALTH & SAFETY 194
BEACON SERVICES, INC. 16,406
BOND FLUIDAIRE INC. 918
BRAMMALL SUPPLY COMPANY 1,145
Brandon Reed 307
Butterball Turkey Gift Progran 2,386
C. B. DEKORNE, INC. 300
C.P.C. INC. 18,455
Candal Enterprises, Inc 73
CAPITAL TECHNOLOGIES, INC 25,758
Charles Rytlewski 59
CHARLEVOIX ENERGY TRADING 50,278
CHEMSTATION OF NORTHERN INDIANA 1,092
CHEM-TREND INCORPORATED 1,628
CONNECTION SERVICE CO. 199
Country Kitchen Catering, Co 170
COVERALL 1,320
CUSTOM MOLD ENGINEERING, INC. 4,317
DAVID PATTERSON 683
Debra Rauls 15
DIMETEK 13,856
D-M-E CO 425
DOUBLEDAY OFFICE PRODUCTS 2,644
EARTHSCAPES 578
Edmund Weiss 40
E-JAY THERMO PRODUCTS, INC. 905
ERICKSON'S INCORPORATED 3,990
FEDERAL EXPRESS CORPORATION 73
FESSCO-CENTURION-FIRE & 46
FORKLIFT TIRES OF MICHIGAN 1,288
GATEWAY, INC 28
GE CAPITAL 6
GENERAL OIL COMPANY 1,091
GLOBAL EXCHANGE SERVICES 27
GLOBE METALLURGICAL 2,175
GREAT LAKES ELECTRONICS SUPPLY 1,512
GRIFFIN TOOL, INC. 12,910
CAST-MATIC CORP. CASE NO. 04-67605
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- -------------------------------------------------- -------------------
H & H Express, LLC 3,083
HAMPTON INN - STEVENSVILLE 1,565
HECO 374
HI-TEMP PRODUCTS INC. 4,520
INDUSTRIAL GYPSUM CO. INC 740
INDUSTRIAL SOLUTIONS 1,805
Instron 1,325
J & L INDUSTRIAL SUPPLY 7,738
Jeff Banks 309
JERZ MACHINE TOOL CORPORATION 27,453
Jimmy Smith 360
Keener Sand & Clay Company 3,066
KENDALL ELECTRIC COMPANY 1,855
KENT RUDBECK 634
KMH SYSTEMS 3,102
LAKESHORE MOLD & DIE LLC 11,140
Lawrence Williams 40
Liberty Steel Fabricating, Inc 410
M & I MACHINE, INC. 6,746
M. S. C. INDUSTRIAL SUPPLY CO. 278
MCMASTER-CARR SUPPLY COMPANY 2,135
METALLURG 12,250
MICHIGAN CHAMBER SERVICES, INC 270
MICHIGAN SHIPPERS SUPPLY 357
MIDWEST SAFETY PRODUCTS, INC. 67
MITTLER SUPPLY INC. 3,552
Molten Metal Equip.Innovations Inc. 3,164
MOTION INDUSTRIES, INC. 3,824
National Element Inc. 2,602
NEFF ENGINEERING COMPANY 375
NMHG FINANCIAL SERVICES 711
OMEGA ENGINEERING, INC. 259
ONDRAKA MANAGEMENT ENTERPRISES LLC 845
Petty Cash 628
PITNEY BOWES 102
POOCH WELDING SUPPLY COMPANY 3,598
PORTER-CABLE CORP 99
PROCESS ENGINEERING & EQUIPMENT CO. 281
PRODUCTION TOOL SUPPLY 333
PROFESSIONAL METALLURGICAL SERVICES 824
PYROTEK,INC. 3,674
QME QUALITY MOLD & ENGINEERING 4,475
QUANTUM CONNECTIONS, LLC 67
R. SCOTT BLEEKS 250
Rapid Print 141
Reliable Disposal 1,056
ROSE FUEL & MATERIALS, INC. 80
RX OPTICAL 67
S & S INDUSTRIAL SUPPLY, INC 238
CAST-MATIC CORP. CASE NO. 04-67605
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- -------------------------------------------------- -------------------
SAFETY COUNCIL FOR WEST MICHIGAN 60
SAFETY PRODUCTS DIVISION 1,253
SAFETY-KLEEN CORPORATION 84
SBC AMERITECH 660
SCHMIDT 1,300
SCHOTT SAW CO. 1,636
SCOPE SERVICES INC. 33,732
Southwestern Michigan Economic Growth Alliance, Inc 985
SPRINT 219
STOKLEY'S SERVICES, INC. 2,585
SUNSET COAST PAGING 23
SUPERIOR BUSINESS FORMS, INC. 175
TANGENT LABS 350
TAYLOR RENTAL 182
Ted Wallace 55
TEST EQUIPMENT DISTRIBUTORS 305
THAYER, INC. 445
THE RELIZON COMPANY 1,225
TPC WIRE & CABLE 368
Tracee Lotz 101
Transgroup Worldwide Logistics 1,392
Transman Logistics 18,235
Turpin Wholesale, Inc. 215
Twin Cities Glass 297
UNUM LIFE INSURANCE CO. 2,025
VEKTEK INC 1,451
VERIZON WIRELESS 94
W. H. Duffill, Inc. 428
WATCON INC. 410
WEST MICHIGAN HYDRAULICS 250
WILLIAM A. KIBBE & ASSOC., INC. 1,050
William Atkins 91
WOOD TEMPORARY STAFFING 14,586
XPRESS PRINTING 274
Y.E.S 19,246
YOUNGBLOOD AIR SYSTEMS, INC. 3,375
YXLON INTERNATIONAL INC. 3,598
ZYP Coatings 409
-------------------
TOTALS $ 2,075,389
===================
CAST-MATIC CORPORATION
CASE NO. 04-67605
AT 11/30/04
STEVENSVILLE - NOVEMBER BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 67,856.65
Unadjusted GL Balance 67,642.65
---------
Unreconciled Differences $ 214.00
=========
CAST-MATIC CORPORATION
CASE NO. 04-67605
STEVENSVILLE
OUTSTANDING CHECKS
CASE NO. 04-67605
CHECK DATE OUTSTANDING
41716 11/10/2004 $ 405.65
41754 11/11/2004 6,683.25
41767 11/15/2004 550.99
41777 11/17/2004 550.99
41783 11/19/2004 3,062.00
41786 11/18/2004 174.80
41800 11/18/2004 1,564.92
41822 11/19/2004 10,732.50
41823 11/19/2004 14,425.00
41825 11/22/2004 371.00
41827 11/22/2004 1,500.00
41829 11/22/2004 635.15
41830 11/23/2004 183.05
41831 11/23/2004 81.37
41832 11/23/2004 663.00
41835 11/24/2004 536.00
41836 11/24/2004 196.03
41837 11/24/2004 80.16
41839 11/29/2004 1,095.35
41840 11/24/2004 1,599.07
41843 11/24/2004 72.50
41844 11/24/2004 578.00
41845 11/24/2004 719.40
41847 11/24/2004 350.00
41850 11/24/2004 278.36
41853 11/24/2004 182.29
41854 11/24/2004 296.75
41855 11/24/2004 305.30
41856 11/24/2004 2,025.35
41859 11/24/2004 272.42
41861 11/24/2004 40.00
41862 11/24/2004 360.00
41863 11/29/2004 497.08
41864 11/29/2004 427.73
41865 11/29/2004 880.00
41866 11/30/2004 1341.35
41867 11/30/2004 119.23
41868 11/30/2004 745
41869 11/30/2004 367.68
41870 11/30/2004 11025
41871 11/30/2004 133
41872 11/30/2004 424.93
41873 11/30/2004 1325
-----------
Outstanding Checks $ 67,856.65
===========
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: NOVEMBER 30, 2004
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: CAST-MATIC CORPORATION Capacity: ___ Shareholder
Case Number: 04-67605 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED AT INTERMET
CORPORATION. PLEASE SEE INTERMET CORPORATION (CASE #04-67597) FOR ALL INSIDER
COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $ 0
Dated: DECEMBER 20, 2004 ________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Intermet Corporation and Subsidiaries Cast-Matic Corporation
Schedule of In-Force Insurance Case Number: 04-67605
POLICY COVERAGE CARRIER POLICY PERIOD
- ------------------ -------------- ----------------
Property Lloyds 11/1/04-11/01/05
Boiler/Machine Hartford 11/1/04-11/01/05
Cargo Fireman's Fund 11/1/04-11/01/05
Truck Cargo Fireman's Fund 11/1/04-11/01/05
Aviation USAIG 11/1/04-11/01/05
Fiduciary St. Paul 11/1/04-11/01/05
Primary D&O St. Paul 11/1/04-11/01/05
Excess D&O Chubb 11/1/04-11/01/05
Side A Platte River 11/1/04-11/01/05
Crime Gulf 11/1/04-12/1/04
General Liability Liberty Mutual 11/1/04-12/22/04
Umbrella National Union 11/1/04-12/22/04
Work Comp Liberty Mutual 11/1/04-12/22/04
Excess Work Comp Liberty Mutual 11/1/04-12/22/04
Auto Liberty Mutual 11/1/04-12/22/04
Foreign (DIC) Liberty Mutual 11/1/04-12/22/04
UNITED STATES BANKRUPTCY COURT
FOR THE EASTERN DISTRICT OF MICHIGAN
TRANSMITTAL OF FINANCIAL REPORTS AND
CERTIFICATION OF COMPLIANCE WITH UNITED STATES TRUSTEE
OPERATING REQUIREMENTS FOR
THE PERIOD ENDED NOVEMBER 30, 2004:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67609
) Chapter 11
) Judge: Marci B. McIvor
COLUMBUS FOUNDRY, L.P. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
X Operating Statement (Form 2)
X Balance Sheet (Form 3)
X Summary of Operations (Form 4)
X Monthly Cash Statement (Form 5)
X Statement of Compensation (Form 6)
X Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and, (if not, attach written
explanation)
YES X NO___
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current. (If
not, attach written explanation)
YES X NO___
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization. (If not, attach a written explanation)
YES X NO___
5. All United States Trustee Quarterly fees have been paid and are current
YES X NO___
6. Have you filed your pre-petition tax returns. (If not, attach a written
explanation)
YES X NO___
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: DECEMBER 20, 2004 /s/ Robert E. Belts
----------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- --------------
Title Phone
INTERMET CORP. AND SUBSIDIARIES
OPERATING STATEMENT
FOR THE MONTH ENDED 11-30-04
($000'S)
CASE #04-67609
COLUMBUS
FOUNDRY
--------------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales $ 12,932 $ 27,145
Cost of Goods Sold
Materials and Freight 5,251 10,460
Wages - Hourly 1,721 3,640
Wages-Salary 475 939
Employee Benefits and Pension 712 1,511
Repairs & Maintenance 678 1,368
Supplies 620 1,304
Utilities 888 1,730
Purchased Components/Services 884 2,285
Income(loss) from Pattern Sales 18 48
Fixed Asset - (gain/loss) 2 2
MIS Expense 55 115
Travel & Entertainment 5 11
Other Variable Costs 355 836
Depreciation & Amortization 483 967
Other Allocated Fixed Costs - -
Other Fixed Costs 111 297
-------- --------
Cost of Goods Sold 12,257 25,512
Gross Profit 675 1,633
Plant SG&A Expense 30 76
SG&A Expense - Allocation (Sched 1) 290 580
Other Operating Expenses - -
-------- --------
Total Operating Expenses 320 656
Operating Profit 354 976
Outside Interest Income - -
Outside Interest (Expense) (2) (4)
Intercompany Interest Income - -
Intercompany Interest (Expense) (152) (266)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations
Other Income/(Expense) - -
-------- --------
Total Non-Operating Expenses (154) (270)
Income Before Income Taxes 201 707
Income Tax Expense 44 87
-------- --------
Net Income $ 157 $ 620
======== ========
INTERMET CORP AND SUBSIDIARIES SCHEDULE 1
CORPORATE SELLING, GENERAL AND ADMINISTRATIVE COSTS (NOVEMBER)
(ALLOCATION OF CORPORATE COSTS TO FILING ENTITIES)
NOVEMBER
-----------
Officer Compensation $ 188,750
Salary Expense other Employees 1,017,948
Employee Benefits and Pension 132,427
Payroll Taxes 38,495
Other Taxes 759.01
Rent and Lease Expense 175,759
Interest Expense
Insurance 37,552
Automobile and Truck Expense 18,167
Utilities(Gas Electric, Phone) 6,437
Depreciation 88,493
Travel and Entertainment 50,237
Repairs and Maintenance 65,952
Advertising/Promotion 258
Supplies, Office Expense 25,936
OTHER:
Contributions 0
Professional Fees - Audit/Tax 131,192
Bank Fees 19,003
Public Reporting Fees 16,000
Employee Relocation/Training 1,880
Data Processing 33,902
Dues and Subscriptions 12,683
Outside Services 135,172
Project Development Costs net of Billings 64,668
Director Fees 25,333
Miscellaneous 2,896
Professional Fees - Bankruptcy 2,790,154
Cost Allocation - Out (172,737)
-----------
$ 4,907,317
===========
Allocation:
Wagner Castings $ 177,312
Northern Castings 46,825
Ironton Iron 0
Lynchburg Foundry 179,333
Columbus Foundry 290,418
Wagner Havana 0
Intermet U.S. Holdings 240,779
Cast-Matic Corp. 76,250
Diversified Diemakers 239,650
Ganton Technologies 155,833
Tool Products 127,416
Intermet Corporation 3,373,501
-----------
Total $ 4,907,317
===========
INTERMET CORP. AND SUBSIDIARIES
BALANCE SHEET AS OF 11-30-04
CASE #04-67609
--------------
COLUMBUS
FOUNDRY
--------------
Cash And Equivalents $ 1
Accounts Receivable 19,806
Short-Term Intercompany Receivables 4
Inventories 5,545
Other Current Assets (15)
--------
TOTAL CURRENT ASSETS 25,341
Land and Buildings 12,718
Machinery & Equipment 80,891
Construction In Progress 205
--------
Total Fixed Assets 93,814
Accumulated Depreciation (61,853)
--------
NET FIXED ASSETS 31,961
Investment In Subsidiaries 0
Investment In European Operations 0
Long-Term Intercompany Receivables 28,073
Deferred Taxes, Long-Term Asset 0
Other Assets 1,021
--------
TOTAL ASSETS $ 86,396
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 2,757
Wages and Salaries (See schedule) 264
Taxes Payable - (See schedule) 462
--------
TOTAL POST PETITION LIABILITIES 3,483
SECURED LIABILITIES:
SECURED BANK DEBT & IDR BONDS 0
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes 0
Accrued Tax - State 0
Accrued Property Taxes 0
Accrued Workers Comp. 396
Accrued Payroll (57)
Accrued Payroll Taxes
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 339
UNSECURED LIABILITIES
Accounts Payable 11,010
IDR Bonds 0
--------
TOTAL UNSECURED LIABILITIES 11,010
OTHER LIABILITIES
Accrued Liabilities 2,735
Short-Term Intercompany Payables 1,972
Capital Leases 0
Retirement Benefits (1,291)
Deferred Taxes - Long-Term Liability 0
Other Long-Term Liabilities 0
Long-Term Intercompany Payables 1,333
--------
TOTAL LIABILITIES 19,581
Common Stock 0
Capital In Excess Of Par Value 4,592
Retained Earnings - Prepetition 61,603
Retained Earnings - Post Petition 620
Equity In European Operations 0
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
--------
TOTAL SHAREHOLDER EQUITY 66,815
--------
TOTAL LIABILITIES AND EQUITY $ 86,396
========
PERIOD ENDED: 11-30-04 COLUMBUS FOUNDRY CASE #04-67609
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
10/31/2004 Withheld Deposits 11/30/04
---------- -------- -------- --------
Income tax withheld: Federal ($ 73,327) ($ 219,073) $ 259,741 ($ 32,660)
Income tax withheld: State (30,915) (95,888) 111,456 (15,348)
Income tax withheld: Local 0 0 0 0
FICA Withheld (55,617) (161,646) 189,222 (28,041)
Employers FICA (24,358) (166,000) 163,567 (26,791)
Unemployment Tax: Federal (1,629) (508) 0 (2,137)
Unemployment Tax: State (1,801) (2,318) 0 (4,119)
All Other Payroll W/H (103,037) (180,155) 165,754 (117,439)
State Taxes: Inc./Sales/Use/Excise (72,606) (180,140) 0 (252,745)
Property Taxes (40,715) (30,000) 88,173 17,458
Workers Compensation 0 0 0 0
----------- ----------- ----------- -----------
Total ($ 404,004) ($1,035,729) $ 977,912 ($ 461,821)
Wages and Salaries (131,600) (2,311,524) 2,178,799 (264,325)
----------- ----------- ----------- -----------
Grand Total ($ 535,604) ($3,347,253) $ 3,156,711 ($ 726,146)
=========== =========== =========== ===========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) Total 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $ 2,756,951 $ 1,985,023 ($ 479,007) $ 1,250,935
Accounts Receivable $20,228,094 $19,130,114 $ 720,945 $ 377,035
INTERMET CORPORATION AND SUBSIDIARIES PERIOD ENDED 11/30/2004
MONTHLY CASH STATEMENT
CASH ACTIVITY ANALYSIS:
CASE # 04-67609
COLUMBUS FOUNDRY
-------------------------------------------------------------------------------------
ACCOUNT TYPE LOCKBOX 77691 DEPOSIT AP PR (HOURLY) PR (SALARY)
ACCOUNT # 269833 - Inactive 5401086425 2770716492 2770716484 2770716658
BANK Bank One Stan. Fed. Stan. Fed. Stan. Fed. Stan. Fed. TOTAL
BEGINNING BANK BALANCE - - - - - -
RECEIPTS - 11,510,488 2 116 - 11,510,606
TRANSFERS IN (CORPORATE) - - 2,633,309 1,977,930 433,038 5,044,277
DIP INFLOW - - - - - -
DISBURSEMENTS - - (2,633,312) (1,978,046) (433,038) (5,044,396)
TRANSFERS OUT (CORPORATE) - (11,510,488) - - - (11,510,488)
DIP REPAYMENT - - - - - -
--- ----------- ----------- ---------- -------- ----------
ENDING BANK BALANCE - - - - - -
WIRES PAID FOR BY CORPORATE 5,476,073 5,476,073
CHECKS ISSUED 2,957,652
-----------
TOTAL DISBURSEMENTS (SEE
TOTAL DISBURSEMENTS RECONCILIATION) $ 8,433,725
===========
OUTSTANDING CHECKS AS OF OCTOBER 31 727,014
VOIDED CHECKS OUTSTANDING AS OF OCTOBER 31 (443)
Checks Issued in November 2,957,652
CHECK CLEARED IN NOVEMBER (2,570,852) Includes $ 62,459.40 pertaining to
sales tax debit.
-----------
OUTSTANDING CHECKS AS OF NOVEMBER 30
(SEE OUTSTANDING CHECKLIST) $ 1,113,371
===========
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
------ -------------------
ADP INC $ 1,924
ADULT PROBATION OFFICE 2,468
ADVANTAGE INDUSTRIAL AUTOM 9,046
AETNA US HEALTHCARE 9,067
AIR SPECIALIST INC 730
AIRGAS DRY ICE 852
AIRGAS SOUTH INC. 2,663
ALABAMA CHILD SUPPORT PAYMENT 14,290
ALABAMA DEPT OF ENVIRONMENTAL 150
ALLEGRA PRINT & IMAGING 350
ALLEN RICHIE 1,202
ALLEN, JOHN F. 640
Allied Mineral 26,770
AMERALLOY STEEL COPRORATION 13,154
AMERICAN BUSINESS FORMS 682
AMERICAN COLLOID COMPANY 249,834
AMERICAN EYE CARE 509
AMERICAN FAMILY LIFE 214
ASPEN PUBLISHERS, INC. 332
ATMOS ENERGY 59
ATMOS ENERGY MARKETING LLC 85,119
AUTOMATED BUSINESS MACHINES 787
BARBIER, MARK 272
BEARDSLEY & PIPER, LLC 103
BEAUFORT COUNTY FAMILY COURT 127
BELLWRIGHT INDUSTRIES,INC 82
BIBB SUPPLY CO., INC. 657
BONNER JR., FRANK W. 677
BREMER MANUFACTURING 1,500
BROADSPIRE SERVICES INC 19,871
BRYANT, DAVIS & COWDEN 1,393
BUCHANAN, LEON 25
BUCK ICE & COAL 3,272
BUCKEYE BUSINESS PRODUCTS, INC 479
C.A. PICARD SURFACE ENG 1,234
CAIL TOOL & MACHINERY, INC. 9,288
CAMERON & BARKLEY CO. 2,650
CARLA DEVITA REED 600
CASTROL HEAVY DUTY LUBRICANTS 486
CBI LEASING INC #1 12,185
CECO ASSOCIATES 3,906
CHAMPION CHISEL WORKS, INC. 6,242
CHAPTER 13 TRUSTEE 22,780
CHILD SUPPORT ENFORCEMENT 450
CHILD SUPPORT ENFORCEMENT, FSR 1,606
CINTAS CORP. 15,371
CINTAS CORPORATION 469
CIT TECHNOLOGY FIN SERV, INC 1,196
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
------ -------------------
CLEARINGHOUSE 333
CLERK OF MUNICIPAL COURT 1,422
CLERK OF THE CIRCUIT COURT 359
COASTAL ENERGY 11,050
COBB WIRE ROPE & SLING CO. 1,536
COLEMAN AMERICAN 1,654
COLUMBUS FIRE & SAFETY EQUIP 122
COLUMBUS INDUSTRIAL SUPPLY 6,867
COLUMBUS RUBBER & GASKET, INC. 120
COLUMBUS WATER WORKS 12,872
COUNTRY'S NORTH 186
CROWN GROUP-FORT WAYNE 1,943
CURTIS REDDING 1,140
DANIELS, RICHARD 631
DAUBER COMPANY, INC. 27,216
DEFENDER SERVICES INC 19,267
DISAMATIC 2,702
DUBOIS USA GROUP 2,869
DYSON CONVEYOR 5,241
E J KNIGHT 1,400
EAGLITE CHEMICALS 9,425
EARTHLINK INC 24
EBCO BATTERY CO 146
EDDIE WILLIAMS 8,248
ELECTRIC MELTING SRVCES SW INC 67,242
ELEVATOR SERVICE COMPANY 100
ELKEM METALS, INC. 78,924
EMSCO GROUP 657
ENVIRONMENTAL RESOURCE ANALYST 262
ENVIRONMENTAL TECHNOLOGY CORP 190
F & B AUTO ELECTRIC SERVICE 585
FAMILY SUPPORT REGISTRY FSR 40,320
FARGO WEAR, INC. 945
FASTENAL 1,332
FLETCHER OIL INC. 5,611
FREEMAN MFG. & SUPPLY CO. 474
G.S.I.A. 400
GENTRY MACHINE WORKS, INC. 31,055
GEORGIA DEPARTMENT OF LABOR 50
GEORGIA POWER 775,832
GEORGIA SALES TAX (EFT) - PREPAID 56,473
GLENN PETRIK 1,571
GLOBAL DOSIMRY SOLUTIONS INC 217
Globe 324,482
GOODWILL INDUSTRIES 334
GRAYLINK 584
GULF TRADING 17,640
GWINNETT MAGISTRATE COURT 697
HA INTERNATIONAL LLC 23,044
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
------ -------------------
HARTZ CHICKEN 139
HERAEUS ELECTRO-NITE CO. 22,373
HIGGINS TECHNICAL SERVICE 2,000
HOUGHTON INTERNATIONAL 4,985
HUGHES SUPPLY, INC. 17,678
IFCO INDUSTRIAL CONTAINER SYS 1,047
IKON OFFICE SOLUTIONS 2,633
INDUSTRIAL 1 SUPPLY CO. 43,477
INDUSTRIAL CHEMICALS 942
INDUSTRIAL COMBUSTION SVCE INC 542
INDUSTRIAL METAL FABRICATORS 26,559
INTERNAL REVENUE SERVICE 1,098
INTERNATIONAL Q.C. 13,867
INTERNATIONAL TREASURER-USAW 13,192
INTERSTATE ELECTRICAL SUPPLY 86,009
JOHN H. GERMERAAD, TRUSTEE 475
JOHNSTONE SUPPLY 1,379
K & S INDUSTRIAL 753
KENT RUDBECK 8,326
KNOX PEST CONTROL 108
KONIECZNY TOOL 4,499
LABCORP OF AMERICA HOLDINGS 714
LAEMPE + REICH CORPORATION 201
LAND TRANSPORTATION 195,244
Larpen Metallurgical Service 154,988
LEADING EDGE 42,825
LINA 304
LINDE GAS LLC 4,234
MAGISTRATE COURT OF 949
MANPOWER 64
MARTIN BROTHERS CONTAINERS 51,640
MARYLAND WIRE BELTS, INC 1,182
MAYS, DANNY J. 47
MCI 554
MCI CONFERENCING 66
MCPHERSON OIL 3,720
METAL PREPARATIONS 1,320
METALDYNE 15,692
METOKOTE CORPORATION 50,000
MIDWESCO, INC. 563
MIDWEST INSTRUMENT COMPANY 1,193
MIKE GROVE 291
Miller & Co. 112,991
MILLER LANDSCAPING 1,200
MISSOURI REFRACTORIES CO. INC. 11,989
MODERN EQUIPMENT CO. 3,194
MORRIS MATERIAL HANDLING 12,280
MOTION INDUSTRIES, INC. 35,129
MSC INDUSTRIAL SUPPLY CO. 108
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
------ -------------------
MT SYSTEMS, INC 152
MUSCOGEE COUNTY TAX COMM 277,749
NATIONAL AFFILIATED TECHNOLOGI 4,785
NC CHILD SUPPORT CENTRALIZED 271
NEWARK ELECTRONICS 186
NEWCO 18,394
NOBLE COUNTY CLERK 1,560
NOBLE SALES 30,089
Norfolk Southern 100,000
NORTHBEND PATTERN WORKS,LLC 34,000
OAK MOUNTAIN CONSTRUCTION 7,224
OAKITE PRODUCTS, INC. 2,363
OCCUPATIONAL MEDICINE OF 2,887
OFFICE DEPOT CREDIT PLAN 589
OFFICE MAX 96
OFFICE OF THE ATTORNEY GENERAL 504
OMEGA ENGINEERING, INC. 84
OMI REFRACTORIES 7,889
OmniSource Corporation 195,000
OVERBY COMPANY, THE 1,272
OWENS, B. ZANE 813
PARMER WATER COMPANY 42
PC CONNECTION, INC. 369
Pechiney 33,334
PERFECT PATTERNS INC. 43,440
PIEDMONT FOUNDRY SUPPLY, INC. 3,979
PIEDMONT NATIONAL CORPORATION 5,226
PINE HOLLOW, INC. 16,020
PREFERRED SOURCING 17,530
PRIMETRADE, INC. 527,743
PROVIDENT LIFE & ACCIDENT INS. 3,464
PRYOR GIGGEY COMPANY 2,592
Q.A. SUPPORT SERVICES 1,000
QUALI-FAB. INC. 2,750
QUASAR INTERNATIONAL INC. 1,008
R & S MANUFACTURING 687
RADIO WHOLESALE MARKETING 162
REAVES WRECKING 2,280
RED HILL GRINDING WHEEL CORP. 2,475
REFRACTORY SALES & SERVICE CO. 37,598
REYNOLDS SUPPLY CO. 6,097
RODGERS METAL CRAFT, INC. 16,567
RUSS THUROW 5,620
SAFETY SOUTH 14,748
SAFETY-KLEEN CORP. 583
SAM'S WELDING 1,450
SANTA CLARA COUNTY 595
SCALE SYSTEMS INC. 1,134
SCORE, INC 18,650
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
------ -------------------
SERVICE FIRST, INC. 1,965
SHEMWELL, DAVID 507
SHERRIE FAYE LANDRY 650
SHOES 'N COMPANY 2,326
SILICA TRANSPORT 29,641
SIMPSON TECHNOLOGIES 5,530
SMITH GRAY ELECTRIC CO., INC. 17,978
SOUTHEAST PUMP & EQUIPMENT, IN 251
SOUTHEASTERN FREIGHT LINES INC 71
SOUTHEASTERN HOME OXYGEN SER 3
SOUTHERN STATES TOYOTALIFT 12,952
SOUTHLAND CHEMICAL 475
SPAR SPECIALTY REFRACTORIES 20,826
SPECIALTY CARBIDE PRODUCTS 57
SPECIALTY FOUNDRY PRODUCT 12,658
SPRINT PCS 2,493
SPX CONTECH 2,192
STAFFING SOLUTIONS, COLUMBUS 2,378
STATE COURT OF GEORGIA 508
STATE DISBURSEMENT UNIT 2,610
STATE OF FLORIDA DISBURSMENT 761
SUNSOURCE/ACTIVATION 5,296
Supreme Cores 32,911
TECHNICAL SERVICES GROUP INC 7,260
THE BUSINESS RESOURCE CENTER 180
The David J. Joseph Company 2,310,000
THE MODAL SHOP 1,505
THE NEW KEIBLER-THOMPSON CO. 3,100
Trans Man Logistics, Inc. 36,965
TRIPLE M MANUFACTURING, INC. 7,800
TRU KUT INC 1,588
TUBE CITY 1,015,898
TYTEK EQUIPMENT CO.,INC. 323
U.S. DEPT OF EDUCATION 340
UMETCO Inc. 115,270
UNIFRAX 20,767
UNIMIN CORPORATION 46,238
VALLEY PLUMBING COMPANY 876
VAN ALLEN FIRST AID + SAFETY 912
VICTORIA BODLEY 200
VIMELSA INT. SA DE CV 212
VOLVO RENTS 7,133
VULCAN ELECTRO COATING 40,180
W W GRAINGER, INC. 985
WARD, WILLIAM H. 244
WARNER PAINT & DECORATING CENT 1,119
WARR GRADING CONTRACTOR 27,768
WASTE MANAGEMENT 2,996
WHATLEY OIL 2,072
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
------ -------------------
Wheelabrator Abrasives 59,640
WHEELABRATOR INTERNATIONAL 44,425
WHISPERWOOD APARTMENTS 9,375
WILLIAM A.KIBBE & ASSOCIATES 3,240
WILLIAM L. FROST 133
WILLS ENTERPRISES, INC. 16,897
YANCEY BROS. CO., 11,682
YELLOW CAB OF COLUMBUS INC. 6
----------
TOTALS $8,433,725
==========
COLUMBUS FOUNDRY
CASE NO. 04-67609
AT 11/30/04
COLUMBUS FOUNDRY - NOVEMBER BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 1,113,370.62
Unadjusted GL Balance 1,113,370.62
-------------
Unreconciled Differences $ -
=============
COLUMBUS FOUNDRY
OUTSTANDING CHECK LIST
CASE NO. 04-67609
CHECK DATE OUTSTANDING
15522 10/15/2004 $ 308.38
15599 10/20/2004 270.84
15715 10/28/2004 168.48
15730 10/28/2004 271.00
15747 10/29/2004 5,247.67
15810 11/2/2004 200.67
15928 11/5/2004 2,541.01
15995 11/10/2004 150.00
16044 11/11/2004 155.15
16094 11/17/2004 4,055.00
16107 11/17/2004 1,653.60
16126 11/18/2004 541.60
16139 11/18/2004 211.50
16141 11/18/2004 3,609.33
16166 11/19/2004 3,880.00
16169 11/19/2004 6,513.05
16170 11/19/2004 5,530.00
16174 11/19/2004 1,443.44
16176 11/19/2004 64,744.70
16187 11/23/2004 479.32
16190 11/23/2004 3,895.69
16192 11/23/2004 1,092.72
16193 11/23/2004 13,104.00
16195 11/23/2004 1,709.64
16196 11/23/2004 657.35
16199 11/23/2004 2,000.00
16202 11/23/2004 5,968.75
16206 11/23/2004 269.35
16208 11/23/2004 563.12
16209 11/23/2004 1,840.65
16212 11/23/2004 477.08
16214 11/23/2004 3,915.00
16216 11/23/2004 514.98
16218 11/23/2004 61.90
16220 11/23/2004 251.00
16222 11/23/2004 6,947.84
16224 11/23/2004 2,996.09
16226 11/23/2004 119.55
16227 11/23/2004 1,182.00
16229 11/23/2004 639.82
16230 11/23/2004 40.00
16232 11/23/2004 132.52
16240 11/29/2004 243.78
16241 11/29/2004 722.68
16242 11/29/2004 11,573.53
16243 11/29/2004 1,500.00
16244 11/29/2004 5,015.77
16245 11/29/2004 269.41
16246 11/29/2004 1,226.55
16247 11/29/2004 1,362.62
16248 11/29/2004 120.00
16249 11/29/2004 14,112.00
16250 11/29/2004 2,164.50
16251 11/29/2004 741.51
16252 11/29/2004 9,535.25
OUTSTANDING CHECK LIST
CHECK DATE OUTSTANDING
16253 11/29/2004 3,880.00
16254 11/29/2004 5,607.00
16255 11/29/2004 107.85
16256 11/29/2004 368.92
16257 11/29/2004 7,586.00
16259 11/29/2004 17,512.93
16261 11/29/2004 24,012.25
16262 11/29/2004 62.02
16263 11/29/2004 778.61
16264 11/29/2004 10,117.92
16265 11/29/2004 2,619.00
16266 11/29/2004 1,192.50
16267 11/29/2004 11,989.40
16268 11/29/2004 439.04
16270 11/29/2004 9,590.52
16271 11/29/2004 152.11
16272 11/29/2004 7,224.00
16273 11/29/2004 85.56
16274 11/29/2004 114.16
16275 11/29/2004 2,620.00
16276 11/29/2004 2,909.00
16277 11/29/2004 2,592.00
16278 11/29/2004 668.28
16279 11/29/2004 969.91
16280 11/29/2004 16,566.81
16281 11/29/2004 7,171.52
16282 11/29/2004 618.68
16283 11/29/2004 1,964.53
16284 11/29/2004 5,130.37
16285 11/29/2004 1,567.17
16286 11/29/2004 82.13
16287 11/29/2004 56.62
16288 11/29/2004 2,493.31
16289 11/29/2004 1,048.74
16290 11/29/2004 3,954.07
16291 11/29/2004 1,505.00
16292 11/29/2004 876.00
16293 11/29/2004 511.48
16294 11/29/2004 727.17
16295 11/29/2004 14,905.70
16296 11/29/2004 4,387.44
16298 11/29/2004 56,631.18
16300 11/29/2004 271,174.48
16306 11/30/2004 420.88
16307 11/30/2004 350.32
16309 11/30/2004 897.20
16310 11/30/2004 3,980.40
16311 11/30/2004 133.22
16312 11/30/2004 8,289.41
16313 11/30/2004 5,015.05
16314 11/30/2004 28.42
16315 11/30/2004 3,809.54
16316 11/30/2004 4,743.90
16317 11/30/2004 108.54
16318 11/30/2004 4,753.00
16319 11/30/2004 1,868.00
16320 11/30/2004 16,164.33
OUTSTANDING CHECK LIST
CHECK DATE OUTSTANDING
16321 11/30/2004 133.79
16322 11/30/2004 176.74
16323 11/30/2004 2,840.00
16324 11/30/2004 725.00
16325 11/30/2004 3,930.00
16326 11/30/2004 1,860.60
16327 11/30/2004 5,530.00
16330 11/30/2004 2,468.08
16331 11/30/2004 13,579.57
16332 11/30/2004 126.54
16333 11/30/2004 209.00
16334 11/30/2004 600.00
16335 11/30/2004 17,460.52
16336 11/30/2004 450.00
16337 11/30/2004 7,787.55
16338 11/30/2004 332.52
16339 11/30/2004 1,421.86
16340 11/30/2004 359.07
16341 11/30/2004 12,731.55
16342 11/30/2004 1,140.00
16343 11/30/2004 400.00
16344 11/30/2004 648.86
16345 11/30/2004 696.98
16346 11/30/2004 320.00
16347 11/30/2004 778.00
16348 11/30/2004 13,191.55
16349 11/30/2004 948.56
16350 11/30/2004 6,574.08
16351 11/30/2004 271.00
16352 11/30/2004 812.50
16353 11/30/2004 595.00
16354 11/30/2004 32.31
16355 11/30/2004 2,325.85
16356 11/30/2004 552.00
16357 11/30/2004 507.58
16358 11/30/2004 761.34
16359 11/30/2004 339.51
16360 11/30/2004 200.00
16361 11/30/2004 9,375.00
16363 11/30/2004 40,320.14
17719 11/29/2004 25,000.00
59550 10/1/2004 180,782.99
--------------
Outstanding Checks $ 1,113,370.62
==============
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: NOVEMBER 30, 2004
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: COLUMBUS FOUNDRY, L.P. Capacity: ___ Shareholder
Case Number: 04-67609 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $0
Dated: DECEMBER 20, 2004
_______________________________________
PRINCIPAL, OFFICER,DIRECTOR, OR INSIDER
Intermet Corporation and Subsidiaries Columbus Foundry, L.P.
Schedule of In-Force Insurance Case Number: 04-67609
POLICY COVERAGE CARRIER POLICY PERIOD
- --------------- ------- -------------
Property Lloyds 11/1/04-11/01/05
Boiler/Machine Hartford 11/1/04-11/01/05
Cargo Fireman's Fund 11/1/04-11/01/05
Truck Cargo Fireman's Fund 11/1/04-11/01/05
Aviation USAIG 11/1/04-11/01/05
Fiduciary St. Paul 11/1/04-11/01/05
Primary D&O St. Paul 11/1/04-11/01/05
Excess D&O Chubb 11/1/04-11/01/05
Side A Platte River 11/1/04-11/01/05
Crime Gulf 11/1/04-12/1/04
General Liability Liberty Mutual 11/1/04-12/22/04
Umbrella National Union 11/1/04-12/22/04
Work Comp Liberty Mutual 11/1/04-12/22/04
Excess Work Comp Liberty Mutual 11/1/04-12/22/04
Auto Liberty Mutual 11/1/04-12/22/04
Foreign (DIC) Liberty Mutual 11/1/04-12/22/04
UNITED STATES BANKRUPTCY COURT
FOR THE EASTERN DISTRICT OF MICHIGAN
TRANSMITTAL OF FINANCIAL REPORTS AND
CERTIFICATION OF COMPLIANCE WITH UNITED STATES TRUSTEE
OPERATING REQUIREMENTS FOR
THE PERIOD ENDED NOVEMBER 30, 2004:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67612
) Chapter 11
) Judge: Marci B. McIvor
DIVERSIFIED DIEMAKERS, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting
of:
X Operating Statement (Form 2)
X Balance Sheet (Form 3)
X Summary of Operations (Form 4)
X Monthly Cash Statement (Form 5)
X Statement of Compensation (Form 6)
X Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES X NO___
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES X NO___
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES X NO___
5. All United States Trustee Quarterly fees have been paid and are current
YES X NO___
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES X NO___
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: DECEMBER 20, 2004 /s/ Robert E. Belts
----------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- --------------
Title Phone
Intermet Corp. and Subsidiaries
Operating Statement
For the Month Ended 11-30-04
($000's)
CASE #04-67612
DIVERSIFIED
DIEMAKERS
-----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales $ 6,870 $14,297
Cost of Goods Sold
Materials and Freight 2,462 5,145
Wages - Hourly 1,250 2,624
Wages-Salary 146 302
Employee Benefits and Pension 790 1,409
Repairs & Maintenance 408 830
Supplies 92 239
Utilities 225 525
Purchased Components/Services - -
Income(loss) from Pattern Sales 109 150
Fixed Asset - (gain/loss) - -
MIS Expense - -
Travel & Entertainment 3 6
Other Variable Costs 414 845
Depreciation & Amortization 568 1,316
Other Allocated Fixed Costs 321 614
Other Fixed Costs 150 271
------- -------
Cost of Goods Sold 6,938 14,276
Gross Profit (68) 21
Plant SG&A Expense (3) (3)
SG&A Expense - Allocation (Sched 1) 240 480
Other Operating Expenses - -
------- -------
Total Operating Expenses 238 476
Operating Profit (305) (456)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (163) (341)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations
Other Income/(Expense) - -
------- -------
Total Non-Operating Expenses (163) (341)
Income Before Income Taxes (468) (797)
Income Tax Expense - 4
------- -------
Net Income ($ 468) ($ 801)
======= =======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs (November)
(Allocation of Corporate Costs to Filing Entities)
November
--------
Officer Compensation $ 188,750
Salary Expense other Employees 1,017,948
Employee Benefits and Pension 132,427
Payroll Taxes 38,495
Other Taxes 759.01
Rent and Lease Expense 175,759
Interest Expense
Insurance 37,552
Automobile and Truck Expense 18,167
Utilities(Gas Electric,Phone) 6,437
Depreciation 88,493
Travel and Entertainment 50,237
Repairs and Maintenance 65,952
Advertising/Promotion 258
Supplies, Office Expense 25,936
OTHER:
Contributions 0
Professional Fees - Audit/Tax 131,192
Bank Fees 19,003
Public Reporting Fees 16,000
Employee Relocation/Training 1,880
Data Processing 33,902
Dues and Subscriptions 12,683
Outside Services 135,172
Project Development Costs net of Billings 64,668
Director Fees 25,333
Miscellaneous 2,896
Professional Fees - Bankruptcy 2,790,154
Cost Allocation - Out (172,737)
-----------
$ 4,907,317
===========
Allocation:
Wagner Castings $ 177,312
Northern Castings 46,825
Ironton Iron 0
Lynchburg Foundry 179,333
Columbus Foundry 290,418
Wagner Havana 0
Intermet U.S. Holdings 240,779
Cast-Matic Corp. 76,250
Diversified Diemakers 239,650
Ganton Technologies 155,833
Tool Products 127,416
Intermet Corporation 3,373,501
----------
Total $4,907,317
==========
INTERMET CORP. AND SUBSIDIARIES
BALANCE SHEET AS OF 11-30-04
CASE #04-67612
--------------
DIVERSIFIED
DIEMAKERS
--------------
Cash And Equivalents $ 40
Accounts Receivable 12,984
Short-Term Intercompany Receivables 0
Inventories 10,813
Other Current Assets 428
---------
TOTAL CURRENT ASSETS 24,265
Land and Buildings 16,395
Machinery & Equipment 59,070
Construction In Progress 979
---------
Total Fixed Assets 76,444
Accumulated Depreciation (40,167)
---------
NET FIXED ASSETS 36,277
Investment In Subsidiaries 0
Investment In European Operations 0
Long-Term Intercompany Receivables 42,724
Deferred Taxes, Long-Term Asset 0
Other Assets 0
---------
TOTAL ASSETS $ 103,266
=========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 395
Wages and Salaries (See schedule) 478
Taxes Payable - (See schedule) 213
---------
TOTAL POST PETITION LIABILITIES 1,086
SECURED LIABILITIES:
SECURED BANK DEBT & IDR BONDS 0
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes 0
Accrued Tax - State 10
Accrued Property Taxes 0
Accrued Workers Comp. 985
Accrued Payroll 0
Accrued Payroll Taxes
---------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 995
UNSECURED LIABILITIES
Accounts Payable 6,401
IDR Bonds 0
---------
TOTAL UNSECURED LIABILITIES 6,401
OTHER LIABILITIES
Accrued Liabilities 3,954
Short-Term Intercompany Payables 0
Capital Leases 0
Retirement Benefits 1,122
Deferred Taxes - Long-Term Liability 0
Other Long-Term Liabilities 1,704
Long-Term Intercompany Payables 0
---------
TOTAL LIABILITIES 15,262
Common Stock 0
Capital In Excess Of Par Value 110,000
Retained Earnings - Prepetition (21,195)
Retained Earnings - Post Petition (801)
Equity In European Operations 0
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
---------
TOTAL SHAREHOLDER EQUITY 88,004
---------
TOTAL LIABILITIES AND EQUITY $ 103,266
=========
PERIOD ENDED: 11-30-04 DIVERSIFIED DIEMAKERS, INC. CASE #04-67612
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
10/31/2004 Withheld Deposits 11/30/04
---------- ----------- ---------- ---------
Income tax withheld: Federal ($ 37,369) ($ 174,850) $ 163,540 ($ 48,678)
Income tax withheld: State (11,837) (55,147) 51,719 (15,265)
Income tax withheld: Local 0 0 0 0
FICA Withheld (28,766) (141,760) 130,199 (40,326)
Employers FICA (28,766) (141,762) 130,201 (40,326)
Unemployment Tax: Federal (204) (1,160) 1,057 (306)
Unemployment Tax: State (816) (4,639) 4,229 (1,225)
All Other Payroll W/H 0 0 0 0
State Taxes: Inc./Sales/Use/Excise 5,937 (5,921) 4,374 4,389
Property Taxes (47,861) (38,289) 122,864 36,715
Workers Compensation 0 (108,397) 343 (108,054)
--------- ----------- ---------- ---------
Total ($149,682) ($ 671,923) $ 608,528 ($213,077)
Wages and Salaries (483,071) (1,320,425) 1,325,207 (478,290)
--------- ----------- ---------- ---------
Grand Total ($632,753) ($1,992,348) $1,933,735 ($691,366)
========= =========== ========== =========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) Total 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $ 395,250 $ 395,250 $ 0 $ 0
Accounts Receivable $12,983,513 $11,616,413 $581,950 785,150
INTERMET CORPORATION AND SUBSIDIARIES PERIOD ENDED 11/30/2004
MONTHLY CASH STATEMENT
CASH ACTIVITY ANALYSIS:
CASE # 04-67612
DIVERSIFIED DIE MAKERS (MONROE)
-----------------------------------------------------------------------------------------------------
ACCOUNT TYPE LOCKBOX 672976 DEPOSIT AP CHECKING CHECKING PR BENEFITS TOTAL
ACCOUNT # 1851811313 3473589977 2176982854 5045182027 5970758593 2176983043 688486
BANK Comerica Bank of America Comerica Bank of America UMB Bank Comerica Bank One
BEGINNING BANK BALANCE - 37,428 - 20,717 844 - - 58,989
RECEIPTS 5,634,860 422,341 - 809 18,200 114 - 6,076,324
TRANSFERS IN (CORPORATE) - - 1,318,026 - - 1,157,289 650 2,475,965
DIP INFLOW - - - - - - - -
DISBURSEMENTS - (872) (1,318,026) - (18,212) (1,157,403) (650) (2,495,163)
TRANSFERS OUT (CORPORATE) (5,634,860) (441,841) - - - - - (6,076,701)
DIP REPAYMENT - - - - - - - -
-----------------------------------------------------------------------------------------------------
ENDING BANK BALANCE - 17,057 - 21,526 832 (0) - 39,415
WIRES PAID FOR BY 2,254,518 870,478 3,124,996
CORPORATE
CHECKS ISSUED 1,406,822
----------
TOTAL DISBURSEMENTS
(SEE TOTAL DISBURSEMENTS
RECONCILIATION) $3,661,340
==========
OUTSTANDING CHECKS AS OF
OCTOBER 31 219,927
VOIDED CHECKS OUTSTANDING
AS OF OCTOBER 31 -
CHECKS ISSUED IN NOVEMBER 1,406,822
CHECK CLEARED IN NOVEMBER (1,318,026)
----------
OUTSTANDING CHECKS AS OF
NOVEMBER 30 (SEE
OUTSTANDING CHECKLIST) $ 308,723
==========
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
------ -------------------
A & S PRINTING SERVICE $ 12,630
A. RAYMOND INC 1,527
ABB INC. 1,535
ABBOTT SUPPLY LLC 1,747
ABEL OIL CO 2,128
ACHESON COLLOIDS COMPANY 3,560
ADECCO EMPLOYMENT SERVICES 22,125
ADRIAN SAUNDERS 13
AIR GAGE COMPANY 920
ALCOA INC. 9,920
ALLEGHENY COATINGS 1,242
ALRO MASCO ST. LOUIS 2,230
AMACOR 141,700
AMERICAN METAL CHEMICAL CORP 297
AMERICAN TANK & FABRICATING CO 39,515
ANIXTER, INC. 174
APPLEBEE TREE FLOWERS & GIFTS 147
AROBOTECH SYSTEMS INC 1,121
AT&T 74
ATMOS ENERGY 3,128
AUTOMATIC DATA PROCESSING 486
AWERKAMP MACHINE CO. 2,059
AYERS OIL CO. 378
B.C. MacDONALD & COMPANY 965
BANK OF AMERICA 7,107
BDC, INC. 1,003
BELL-MARK SALES COMPANY 75
BENT TUBE, INC. 4,500
BFI QUINCY 1,349
BIJUR LUBRICATING CORPORATION 290
BLEIGH READY MIX CO. 956
BLICK'S CONSTRUCTION CO., INC. 11,700
BOBBI HUDSON 11
BODLE DIAMOND INDUSTRIES 82
BRAHLER'S TRUCKERS SUPPLY INC 567
BUCKMAN'S CONVENIENCE STORE 1,422
CALIFORNIA INDUSTRIAL PRODUCTS 23,847
CAMCAR TEXTRON 28,091
CANFIELD & JOSEPH, INC. 1,334
CAPE ELECTRICAL SUPPLY, INC. 3,979
CARL HAYS (employee) 30
CAROLYN A. GRAINGER 210
CARRIE MILLER 40
CASTING EQUIPMENT & SUPPLY 1,093
CENTRAL WELDING SUPPLIES, INC. 18,249
CENTURYTEL 8,249
CENTURYTEL OF SOUTHWEST MO 78
CG TECH 675
CHARLES KING 108
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
------ -------------------
CHARLIE SMOOT (employee) 113
CHEM-TREND INCORPORATED 7,380
CHINN ENTERPRISES, LLC 19,092
CHRISTY REFRACTORIES COMPANY 1,920
CITY OF MONROE CITY 103,911
CITY OF SHELBINA 190
CLAUDE HAWKINS 13
COGSDILL ENTERPRISES INC 141
COMETALS 46,637
COMPUTER SHOPPER 25
CONCEPT PACKAGING GROUP 407
CONTAINER DISTRIBUTERS INC 12,156
CONTROL-AIR, INC. 2,448
CRESCENT ELECTRIC SUPPLY CO 308
CREST PRODUCTS INC 4,274
CROWN LINEN SERVICE, INC. 2,013
DALE ASKEY 13
DAN FOSTER (employee) 46
DANA CORPORATION 453,530
DATA IMAGING SUPPLIES 796
DAVIS TOOL & DIE 95,063
DCT INDUSTRIAL SUPPLY 361
DEAD SEA MAGNESIUM LTD 274,256
DEBBY SHIVELY (employee) 30
DIEMER & ASSOCIATES 3,243
DISA GOFF, INC. 274
DIVERSIFIED DIEMAKERS(employee related) 20,749
D-M-E 203
DON HAYS (employee) 5,028
EASTERN ALLOYS 183,034
EFC INTERNATIONAL 5,327
E-JAY THERMO PRODUCTS, INC. 317
ELECTRICAL SOUTH LP 470
ELECTROCHEM, INC. OF MO 1,829
ELECTRODES, INC. 1,195
ENGINEERED FINISING CORP 868
ENGINEERED LUBRICANTS CO. 20,615
ENGINEERED PRODUCTS 2,775
ENGINEERED SALES 14
ESTES FREIGHT 158
FANUC ROBOTICS NORTH AMERICA 10,180
FASTENAL COMPANY 1,876
FedEx 2,318
FLO-PRODUCTS COMPANY 290
FRANK FLORI EQUIPMENT CO. 76
FRENCH GERLEMAN ELECTRIC CO. 18,242
FREUDENBERG - NOK 13,037
G.S. ROBINS AND COMPANY 2,536
GARFIELD ALLOYS, INC. 7,329
GARY SHOEMAKER 13
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
------ -------------------
GARY WILLIAMSON 65
GATEWAY METALS INC. 7,224
GATEWAY METALS INC. 388
GDC, INC. 1,569
GE CAPITAL 4,110
GEOLOGISTICS AMERICAS INC 2,453
GRAINGER 7,158
GREAT CENTRAL LUMBER COMPANY 25
GREG COOPER 366
HAGERMAN & COMPANY, INC. 83
HANNIBAL BOARD OF PUBLIC WORKS 27,739
HANNIBAL CLINIC INC 100
HANNIBAL REGIONAL HOSPITAL 110
HAROLD BAKER JR 147
HARTWIG, INC. 1,047
HEINTZ ELECTRIC COMPANY 201
HELCO PRECISION TOOLS & GAGES 557
HENKEL LOCTITE CORPORATION 570
HTE TECHNOLOGIES 14,211
iCONNECT 668
IDG USA, LLC 15,080
IDRAPRINCE, INC. 109
ILLINI ENVIRONMENTAL INC. 10,776
INDUSTRIAL FINISHING SERVICES 17,568
INDUSTRIAL STRAINER COMPANY 2,189
INTECH EDM 686
INTERCIM CORPORATION 6,703
INTERTECH DEVELOPMENT CO. 385
INT'L SURFACE PREPARTION CORP 6,131
IOSSO METAL PROCESSES 650
IOWA MACHINERY & SUPPLY 1,350
JACK THORNBURG (employee) 186
JACKSON BROS-HEARTLAND 2,446
JANE BRIDGMAN 75
JASON DENT 73
JASON STARK (employee) 15
JENZANO, INC. 51
JIM HARDWICK 20
JOE MC CLURE (employee) 82
JOHN HENRY FOSTER CO. 1,144
KAMAX GB DUPONT LP 2,866
KEITH DELASHMUTT 75
KENNY'S SERVICE CENTER 23
KENT WILSON 35
KEVIN PETERS (employee) 13
KEYENCE CORP OF AMERICA 2,034
KEYSTONE POWDERED METAL 2,901
KEYSTONE POWDERED METAL 20,423
KOMAR SCREW CORP. 1,882
KONIECZNY TOOL & DIE 14,370
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
------ -------------------
L.N. BROSS 8,881
LAURA CLOW (employee) 53
LEANDER LUBRICANTS 471
LINDA STUTHEIT 42
LISA SHIVELY 33
LISA YAGER 17
LOWRY COMPUTER PRODUCTS INC 3,472
LUBY EQUIPMENT SERVICES 2,091
MALCOM CO 1,095
MANPOWER 10,881
MARK ADAMS 17
MARK TWAIN SUPPLY CO. 8,056
MARK UTTERBACK (employee) 21
MARK YAGER (employee) 149
MARLIN REAGAN (employee) 36
MARTIN'S TRUE VALUE HARDWARE 137
MARTY ALBERTY 40
MARVEL ENGINEERING COMPANY 157
MAZAK CORPORATION MIDWEST 1,583
MC MACHINERY SYSTEMS, INC. 87
MERRICK MACHINERY CO. 628
METAMAG INC. 5,310
MFA OIL CO. 2,176
MID-AMERICAN PROD. INC 14,555
MIDLAND INDUSTRIES, INC. 88,943
MIDVALE INDUSTRIES, INC. 1,743
MIKE BICHSEL (employee) 894
MIKE CHURCH (employee) 57
MINIATURE PRECISION COMPONENTS 2,235
MISSOURI DEPARTMENT OF REVENUE 54
MO. DEPT. OF TRANSPORTATION 5,207
MONROE AUTO PARTS 999
MONROE CITY SHELTER WORK SHOP 17,637
MONROE TIRE & BATTERY 308
MOTION INDUSTRIES, INC 12,131
MSC INDUSTRIAL SUPPLY CO. 2,682
MUNICIPAL TOOL & MACHINERY CO 3,293
MUNROE MATERIAL HANDLING 2,048
MVI, INC. 299
NALCO COMPANY 1,713
NATIONAL KARD 172
NEFF POWER INC. 3,125
NEWARK INONE 971
NORSK HYDRO CANADA INC 147,249
ONEOK ENERGY MARKETING COMPANY 70,900
PALMYRA BOARD OF PUBLIC WORKS 13,542
PALMYRA CARQUEST 126
PALMYRA HARDWARE 55
PAT KENDRICK (employee) 59
PAULO PRODUCTS CO. 2,075
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
------ -------------------
PENN TOOL CO. 540
PERRY MACHINE AND DIE INC. 98,491
PHELPS ASSOCIATES, INC. 427
PRECISION DEBURRING & SANDING 6,271
PRECISION INTERNATIONAL CORP. 305
PROMESS INCORPORATED 1,479
PRUDENTIAL INSURANCE 12,746
PURCHASE PARTNERS 3,672
QWEST COMMUNICATIONS 5,369
R.L. WEISHEIMER & ASSOC. 927
RADCO INDUSTRIES 7,406
RADLEY CORPORATION 1,406
RAMAIR 139
RC MACHINE, INC. 1,122
RELIABLE TEMPS INC. 397
RELIABLE TERMITE & PEST CTRL. 1,239
REMACOR, INC. 15,331
RENEA CULLER 215
RES MANUFACTURING COMPANY 122,406
RIBACK SUPPLY CO. 808
RICH GREEN 65
RICHARD FEITH 5
RICHARD GREENE CO. 264
RICHARDS ELECTRIC MOTOR CO. 1,140
RIMROCK 1,767
ROBERTS LOADING DOCK & EQUIP. 35
ROBEY BUILDING SUPPLY, INC. 212
ROCHESTER TOOL & CUTTER 524
RONNIE BERRY (employee) 12
ROTOR CLIP CO INC 4,183
RUDOLPH BROS & CO 5,025
RUSTIC OAK CABIN RESTAURANT 5,464
SBC 67
SCOTT RICKARD 65
SCOTT SPECIAL TOOLS, INC. 4,053
SCOTT WILLIAMS (employee) 635
SEALCRAFT, INC. 1,470
SEARS COMMERCIAL ONE 318
SEMBLER CORP. 24,947
SEMBLEX CORP. 736
SHANNAHAN CRANE & HOIST, INC. 331
SHARP BROS. INC 1,150
SHARPER EDGE CUSTOM POLISHING 1,540
SHELLY BICHSEL (employee) 75
SHERYL HAYS (employee) 202
SLIDEMATIC PRODUCTS COMPANY 5,950
SNELLING 10281 297
SODICK, INC. 135
SOUTHWESTERN BELL 407
SPAN de MEXICO 700
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
------ -------------------
SPAN MANUFACTURING 1,455
SPECIALTY BLUPRINT d.b.a. SDI 220
SPECTRA COMMUNICATIONS GROUP 338
SPECTRO ALLOYS CORP 216,400
SPHERION CORPORATION 4,935
SPINCRAFT 606
STERLING, INC. 640
STRIPMATIC PRODUCTS INC 1,606
SUNNEN PRODUCTS COMPANY 1,129
SUNNEX 64
SUNSOURCE 2,648
SYMMCO, INCORPORATED 12,773
T.F. EHRHART COMPANY 236
TAYLOR IND SERVICES HPM DIV. 99
TELESIS TECHNOLOGIES INC 213
TENNANT 460
THE DRAWING BOARD INC. 115
THE EPOCH GROUP, L.C. 360
THE SU-DAN COMPANY 2,625
THREE BOND INTERNATIONAL INC. 5,212
THYSSEN SPECIALTY STEELS 812
TIC-MS, INC. 401
TIEMANN INDUSTRIAL SUPPLY 160
TIMKEN US CORPORATION 52,216
TINNERMAN PALNUT ENGINEERED 18,230
TOM DEITZMAN (employee) 45
TOOLING ASSOCIATES 944
TOYOTA TSUSHO AMERICA INC 46,949
TRANSPORT TOPICS 99
U.S. MAGNESIUM, LLC 545,532
UGS 22
UNISOURCE WORLDWIDE INC. 57,444
VICTORY PACKAGING 6,896
VISI-TRAK WORLDWIDE, LLC 1,729
VONTHUN POWERWASHING 800
WES BEGLEY 75
WESBELL DEDICATED ASSEMBLY LTD 3,172
WES-TECH INC. 455
WESTHOFF 141
WEYERHAEUSER COMPANY 2,559
WHITLAM LABEL CO. 216
WIESE PLANNING & ENGINEERING 10,612
WILCO FAST BREAK 540
WILLIAM A KIBBE & ASSOCIATES 360
WILLIAMS EQUIPMENT & ELECTRIC 9
WINK'S LAWN SERVICE 4,413
WISE EL SANTO CO., INC. 2,490
-----------
TOTALS $ 3,661,340
===========
DIVERSIFIED DIEMAKERS, INC.
CASE NO. 04-67612
AT 11/30/04
MONROE - NOVEMBER BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding AP Checks 308,722.76
Actual Outstanding Payroll Checks 153,483.81
----------
Total Outstanding Checks 462,206.57
Unadjusted GL Balance 462,074.77
-----------
Unreconciled Difference $ 131.80
===========
DIVERSIFIED DIEMAKERS, INC.
CASE NO. 04-67612
MONROE
OUTSTANDING CHECKS
CASE NO. 04-67612
CHECK DATE OUTSTANDING
337183 10/5/2004 $ 45.00
337521 10/29/2004 20.15
337646 11/5/2004 56.72
337674 11/5/2004 35.76
337705 11/5/2004 5.00
337743 11/8/2004 51.55
337789 11/11/2004 158.49
337808 11/12/2004 8,535.38
337810 11/12/2004 174.46
337812 11/12/2004 10.88
337818 11/12/2004 3,367.09
337869 11/12/2004 3,262.00
337870 11/12/2004 2,201.85
337916 11/16/2004 341.24
337930 11/17/2004 454.88
337932 11/17/2004 70.94
337936 11/17/2004 402.34
337939 11/17/2004 330.63
337942 11/17/2004 749.99
337950 11/18/2004 648.39
337957 11/18/2004 235.92
337981 11/19/2004 1,395.00
337992 11/19/2004 13.12
337994 11/19/2004 107.69
338000 11/19/2004 2,445.84
338002 11/19/2004 15.00
338015 11/19/2004 1,966.53
338016 11/19/2004 27.56
338020 11/19/2004 164.19
338021 11/19/2004 49.82
338023 11/19/2004 426.63
338030 11/19/2004 1,470.00
338037 11/19/2004 360.00
338039 11/19/2004 99.00
338041 11/19/2004 619.92
338050 11/22/2004 9,065.76
338059 11/22/2004 3,264.20
338060 11/22/2004 1,725.76
338062 11/22/2004 1,479.00
338065 11/22/2004 125.00
338068 11/23/2004 112.61
338069 11/23/2004 64.00
338070 11/23/2004 544.00
338071 11/23/2004 775.84
338076 11/24/2004 76,613.00
338079 11/24/2004 920.00
338082 11/24/2004 147.16
338083 11/24/2004 1,615.55
338084 11/24/2004 377.61
338085 11/24/2004 965.13
338087 11/24/2004 75.21
338088 11/24/2004 1,348.96
338089 11/24/2004 329.47
DIVERSIFIED DIEMAKERS, INC.
CASE NO. 04-67612
OUTSTANDING CHECK LIST
CHECK DATE OUTSTANDING
338090 11/24/2004 11,700.00
338091 11/24/2004 137.50
338096 11/24/2004 45.00
338097 11/24/2004 7,380.00
338099 11/24/2004 24.97
338100 11/24/2004 559.73
338101 11/24/2004 307.66
338102 11/24/2004 459.71
338104 11/24/2004 12.75
338105 11/24/2004 136.83
338106 11/24/2004 316.83
338107 11/24/2004 469.60
338109 11/24/2004 289.99
338111 11/24/2004 64.52
338112 11/24/2004 92.10
338113 11/24/2004 14.49
338114 11/24/2004 240.47
338115 11/24/2004 201.47
338116 11/24/2004 300.00
338118 11/24/2004 2,000.00
338119 11/24/2004 1,725.76
338120 11/24/2004 819.02
338121 11/24/2004 75.00
338122 11/24/2004 20.00
338123 11/24/2004 24.00
338126 11/24/2004 14,370.00
338127 11/24/2004 3,164.80
338128 11/24/2004 32.50
338129 11/24/2004 86.81
338130 11/24/2004 2,296.14
338132 11/24/2004 136.73
338133 11/24/2004 157.11
338136 11/24/2004 142.58
338137 11/24/2004 16.20
338138 11/24/2004 328.47
338139 11/24/2004 67.64
338140 11/24/2004 171.96
338141 11/24/2004 248.77
338142 11/24/2004 54.56
338143 11/24/2004 58.88
338144 11/24/2004 14,370.30
338145 11/24/2004 3,135.36
338146 11/24/2004 3,672.00
338147 11/24/2004 138.87
338148 11/24/2004 215.00
338149 11/24/2004 87.64
338151 11/24/2004 64.55
338152 11/24/2004 254.30
338153 11/24/2004 56.25
338154 11/24/2004 135.19
338155 11/24/2004 350.00
338156 11/24/2004 1,114.72
338157 11/24/2004 280.86
338158 11/24/2004 640.05
338159 11/24/2004 236.07
DIVERSIFIED DIEMAKERS, INC.
CASE NO. 04-67612
OUTSTANDING CHECK LIST
CHECK DATE OUTSTANDING
338160 11/24/2004 98.81
338161 11/24/2004 114.70
338162 11/24/2004 82.82
338163 11/24/2004 943.81
338164 11/24/2004 800.00
338165 11/24/2004 141.16
338167 11/24/2004 876.38
338168 11/24/2004 483.96
338169 11/24/2004 8.81
338170 11/24/2004 1,471.00
338171 11/24/2004 791.32
338172 11/29/2004 5,214.07
338173 11/29/2004 544.00
338178 11/29/2004 883.88
338179 11/29/2004 1,412.31
338180 11/29/2004 567.35
338181 11/29/2004 1,828.50
338182 11/29/2004 250.00
338183 11/29/2004 1,369.50
338184 11/29/2004 4,109.98
338185 11/29/2004 3,252.96
338186 11/29/2004 1,599.23
338187 11/29/2004 1,909.69
338188 11/29/2004 2,000.00
338189 11/29/2004 294.72
338190 11/29/2004 128.06
338191 11/29/2004 5,310.00
338192 11/29/2004 14,555.32
338193 11/29/2004 3,409.88
338194 11/29/2004 283.99
338195 11/29/2004 559.72
338196 11/29/2004 1,406.25
338197 11/29/2004 1,239.00
338198 11/29/2004 60.00
338199 11/29/2004 4,182.75
338200 11/29/2004 212.16
338201 11/29/2004 826.88
338202 11/29/2004 1,455.00
338203 11/29/2004 12,772.92
338204 11/29/2004 2,023.52
338205 11/30/2004 865.05
338206 11/30/2004 220.00
338211 11/30/2004 297.00
338212 11/30/2004 351.96
338213 11/30/2004 4,500.00
338214 11/30/2004 43.50
338215 11/30/2004 5,678.35
338216 11/30/2004 1,862.90
338217 11/30/2004 868.90
338218 11/30/2004 1,725.76
338219 11/30/2004 2,950.00
338220 11/30/2004 685.69
338221 11/30/2004 471.35
338222 11/30/2004 78.42
338223 11/30/2004 384.56
DIVERSIFIED DIEMAKERS, INC.
CASE NO. 04-67612
OUTSTANDING CHECK LIST
CHECK DATE OUTSTANDING
338224 11/30/2004 3,024.00
338225 11/30/2004 709.98
338226 11/30/2004 1,162.00
------------
Outstanding Checks $ 308,722.76
============
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: NOVEMBER 30, 2004
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: DIVERSIFIED DIEMAKERS, INC. Capacity: ___ Shareholder
Case Number: 04-67612 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ ________
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ ________
Life Insurance _______ ________
Retirement _______ ________
Company Vehicle _______ ________
Entertainment _______ ________
Travel _______ ________
Other Benefits _______ ________
Total Benefits _______ ________
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ ________
Loans _______ ________
Other (Describe) _______ ________
Other (Describe) _______ ________
Other (Describe) _______ ________
Total Other Payments _______ ________
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $ 0
Dated: DECEMBER 20, 2004 ________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Intermet Corporation and Subsidiaries Diversified Diemakers, Inc.
Schedule of In-Force Insurance Case Number: 04-67612
POLICY COVERAGE CARRIER POLICY PERIOD
- ----------------- ------------- ----------------
Property Lloyds 11/1/04-11/01/05
Boiler/Machine Hartford 11/1/04-11/01/05
Cargo Fireman's Fund 11/1/04-11/01/05
Truck Cargo Fireman's Fund 11/1/04-11/01/05
Aviation USAIG 11/1/04-11/01/05
Fiduciary St. Paul 11/1/04-11/01/05
Primary D&O St. Paul 11/1/04-11/01/05
Excess D&O Chubb 11/1/04-11/01/05
Side A Platte River 11/1/04-11/01/05
Crime Gulf 11/1/04-12/1/04
General Liability Liberty Mutual 11/1/04-12/22/04
Umbrella National Union 11/1/04-12/22/04
Work Comp Liberty Mutual 11/1/04-12/22/04
Excess Work Comp Liberty Mutual 11/1/04-12/22/04
Auto Liberty Mutual 11/1/04-12/22/04
Foreign (DIC) Liberty Mutual 11/1/04-12/22/04
UNITED STATES BANKRUPTCY COURT
FOR THE EASTERN DISTRICT OF MICHIGAN
TRANSMITTAL OF FINANCIAL REPORTS AND
CERTIFICATION OF COMPLIANCE WITH UNITED STATES TRUSTEE
OPERATING REQUIREMENTS FOR
THE PERIOD ENDED NOVEMBER 30, 2004:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67600
) Chapter 11
) Judge: Marci B. McIvor
GANTON TECHNOLOGIES, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting
of:
X Operating Statement (Form 2)
X Balance Sheet (Form 3)
X Summary of Operations (Form 4)
X Monthly Cash Statement (Form 5)
X Statement of Compensation (Form 6)
X Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES X NO___
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES X NO___
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES X NO___
5. All United States Trustee Quarterly fees have been paid and are current
YES X NO___
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES X NO___
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: DECEMBER 20, 2004 /s/ Robert E. Belts
----------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- --------------
Title Phone
INTERMET CORP. AND SUBSIDIARIES
OPERATING STATEMENT
FOR THE MONTH ENDED 11-30-04
($000'S)
CASE #04-67612
GANTON
TECHNOLOGIES
------------------------------------
CURRENT MONTH TOTAL SINCE FILING
------------- ------------------
Net Sales $ 6,070 $ 13,904
Cost of Goods Sold
Materials and Freight 1,621 3,406
Wages - Hourly 1,565 3,405
Wages-Salary 581 1,170
Employee Benefits and Pension 1,070 2,264
Repairs & Maintenance 71 291
Supplies 377 658
Utilities 345 692
Purchased Components/Services 875 1,842
Income(loss) from Pattern Sales (641) (731)
Fixed Asset - (gain/loss) - -
MIS Expense 7 19
Travel & Entertainment 9 27
Other Variable Costs 204 355
Depreciation & Amortization 414 871
Other Allocated Fixed Costs - -
Other Fixed Costs 169 374
-------- ---------
Cost of Goods Sold 6,668 14,644
Gross Profit (597) (739)
Plant SG&A Expense 22 43
SG&A Expense - Allocation (Sched 1) 156 312
Other Operating Expenses (102) (91)
-------- ---------
Total Operating Expenses 76 264
Operating Profit (673) (1,003)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (79) (159)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations
Other Income/(Expense) - -
-------- ---------
Total Non-Operating Expenses (79) (159)
Income Before Income Taxes (752) (1,162)
Income Tax Expense 13 27
-------- ---------
Net Income ($ 765) ($ 1,189)
======== =========
INTERMET CORP AND SUBSIDIARIES SCHEDULE 1
CORPORATE SELLING, GENERAL AND ADMINISTRATIVE COSTS (NOVEMBER)
(ALLOCATION OF CORPORATE COSTS TO FILING ENTITIES)
NOVEMBER
------------
Officer Compensation $ 188,750
Salary Expense other Employees 1,017,948
Employee Benefits and Pension 132,427
Payroll Taxes 38,495
Other Taxes 759.01
Rent and Lease Expense 175,759
Interest Expense
Insurance 37,552
Automobile and Truck Expense 18,167
Utilities(Gas Electric,Phone) 6,437
Depreciation 88,493
Travel and Entertainment 50,237
Repairs and Maintenance 65,952
Advertising/Promotion 258
Supplies, Office Expense 25,936
OTHER:
Contributions 0
Professional Fees - Audit/Tax 131,192
Bank Fees 19,003
Public Reporting Fees 16,000
Employee Relocation/Training 1,880
Data Processing 33,902
Dues and Subscriptions 12,683
Outside Services 135,172
Project Development Costs net of 64,668
Billings
Director Fees 25,333
Miscellaneous 2,896
Professional Fees - Bankruptcy 2,790,154
Cost Allocation - Out (172,737)
------------
$ 4,907,317
============
Allocation:
Wagner Castings $ 177,312
Northern Castings 46,825
Ironton Iron 0
Lynchburg Foundry 179,333
Columbus Foundry 290,418
Wagner Havana 0
Intermet U.S. Holdings 240,779
Cast-Matic Corp. 76,250
Diversified Diemakers 239,650
Ganton Technologies 155,833
Tool Products 127,416
Intermet Corporation 3,373,501
------------
Total $ 4,907,317
============
INTERMET CORP. AND SUBSIDIARIES
BALANCE SHEET AS OF 11-30-04
CASE #04-67612
--------------
GANTON
TECHNOLOGIES
--------------
Cash And Equivalents $ 36
Accounts Receivable 12,019
Short-Term Intercompany Receivables 24
Inventories 7,977
Other Current Assets 1,667
---------
TOTAL CURRENT ASSETS 21,723
Land and Buildings 12,042
Machinery & Equipment 42,095
Construction In Progress 831
---------
Total Fixed Assets 54,968
Accumulated Depreciation (28,031)
---------
NET FIXED ASSETS 26,937
Investment In Subsidiaries 0
Investment In European Operations 0
Long-Term Intercompany Receivables 6,493
Deferred Taxes, Long-Term Asset 0
Other Assets 54
---------
TOTAL ASSETS $ 55,207
=========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 1,423
Wages and Salaries (See schedule) 676
Taxes Payable - (See schedule) 507
---------
TOTAL POST PETITION LIABILITIES 2,606
SECURED LIABILITIES:
SECURED BANK DEBT & IDR BONDS 0
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes 0
Accrued Tax - State 13
Accrued Property Taxes 118
Accrued Workers Comp. 1,148
Accrued Payroll 0
Accrued Payroll Taxes
---------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 1,279
UNSECURED LIABILITIES
Accounts Payable 9,844
IDR Bonds 0
---------
TOTAL UNSECURED LIABILITIES 9,844
OTHER LIABILITIES
Accrued Liabilities 5,570
Short-Term Intercompany Payables 35
Capital Leases 0
Retirement Benefits (248)
Deferred Taxes - Long-Term Liability 0
Other Long-Term Liabilities 0
Long-Term Intercompany Payables 1,889
---------
TOTAL LIABILITIES 20,975
Common Stock 0
Capital In Excess Of Par Value 160,000
Retained Earnings - Prepetition (124,579)
Retained Earnings - Post Petition (1,189)
Equity In European Operations 0
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
---------
TOTAL SHAREHOLDER EQUITY 34,232
---------
TOTAL LIABILITIES AND EQUITY $ 55,207
=========
PERIOD ENDED: 11-30-04 GANTON TECHNOLOGIES (RACINE) CASE #04-67600
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
10/31/2004 Withheld Deposits 11/30/2004
----------- ----------- ----------- -----------
Income tax withheld: Federal $ 0 ($ 184,661) $ 184,661 $ 0
Income tax withheld: State 0 (92,167) 92,167 0
Income tax withheld: Local 0 0 0 0
FICA Withheld 0 (130,322) 130,322 0
Employers FICA 0 (130,322) 130,322 0
Unemployment Tax: Federal 0 (65) 65 0
Unemployment Tax: State 0 (675) 675 0
All Other Payroll W/H 0 0 0 0
State Taxes: Inc./Sales/Use/Excise (7,331) (7,406) 0 (14,737)
Property Taxes (12,501) (12,501) 0 (25,002)
Workers Compensation (306,729) (100,000) (5,057) (411,786)
----------- ----------- ----------- -----------
Total ($ 326,562) ($ 658,120) $ 533,156 ($ 451,525)
Wages and Salaries (519,487) (443,823) 358,884 (604,425)
----------- ----------- ----------- -----------
Grand Total ($ 846,048) ($1,101,943) $ 892,041 ($1,055,950)
=========== =========== =========== ===========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) Total 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $ 889,396 $ 434,544 $ 454,852 $ 0
Accounts Receivable $9,014,353 $ 4,983,730 $1,397,149 $2,633,474
PERIOD ENDED: 11-30-04 GANTON TECHNOLOGIES (PULASKI) CASE #04-67600
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
10/31/2004 Withheld Deposits 11/30/2004
--------- --------- --------- ---------
Income tax withheld: Federal ($ 7,674) ($ 53,669) $ 51,936 ($ 9,407)
Income tax withheld: State 0 0 0 0
Income tax withheld: Local 0 (364) 364 0
FICA Withheld (5,418) (36,524) 34,723 (7,218)
Employers FICA (5,418) (36,424) 34,623 (7,218)
Unemployment Tax: Federal (79) (291) 311 (59)
Unemployment Tax: State (625) (2,362) 2,510 (477)
All Other Payroll W/H 0 0 0 0
State Taxes: Inc./Sales/Use/Excise (6,000) (6,000) 0 (12,000)
Property Taxes (8,466) 0 0 (8,466)
Workers Compensation (9,833) 0 0 (9,833)
--------- --------- --------- ---------
Total ($ 43,512) ($135,633) $ 124,467 ($ 54,678)
Wages and Salaries (50,533) (356,765) 335,859 (71,439)
--------- --------- --------- ---------
Grand Total ($ 94,045) ($492,398) $ 460,327 ($126,116)
========= ========= ========= =========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) Total 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $ 533,487 $ 310,203 $ 223,285 $ 0
Accounts Receivable $3,656,330 $2,204,713 $ 507,662 $ 943,954
INTERMET CORPORATION AND SUBSIDIARIES PERIOD ENDED 11/30/2004
MONTHLY CASH STATEMENT
CASH ACTIVITY ANALYSIS:
CASE # 04-67600
GANTON TECHNOLOGIES (RACINE)
---------------------------------------------------------------------------------------------------
ACCOUNT TYPE LOCKBOX 673025 DEPOSIT AP PR (HOURLY) PR (SALARY) GROUP HEALTH
ACCOUNT # 1851812055 5800062522 2176982961 2176983118 217698283 2176982862
BANK Comerica Lasalle Comerica Comerica Comerica Comerica TOTAL
BEGINNING BANK BALANCE - - - - - - -
RECEIPTS 4,485,819 327,022 - - - - 4,812,840
TRANSFERS IN (CORPORATE) - 1,000 1,020,274 1,488,165 196,817 11,799 2,718,055
DIP INFLOW - - - - - - -
DISBURSEMENTS - (546) (1,020,274) (1,488,165) (196,817) (11,799) (2,717,601)
TRANSFERS OUT (CORPORATE) (4,485,819) (330,741) - - - - (4,816,560)
DIP REPAYMENT - - - - - - -
---------- -------- ----------- ---------- -------- ------- ----------
ENDING BANK BALANCE - (3,265) - - - - (3,265)
WIRES PAID FOR BY CORPORATE 2,138,993 201,145 2,340,138
CHECKS ISSUED 1,006,485
-----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 3,145,478
===========
OUTSTANDING CHECKS AS OF OCTOBER 31 267,904
VOIDED CHECKS OUTSTANDING AS OF OCTOBER 31 -
CHECKS ISSUED IN NOVEMBER 1,006,485
CHECK CLEARED IN NOVEMBER (1,020,274)
-----------
OUTSTANDING CHECKS AS OF NOVEMBER 30 (SEE OUTSTANDING CHECKLIST) $ 254,115
===========
GANTON TECHNOLOGIES, INC. (RACINE) CASE NO. 04-67600
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
------ -------------------
AA ELECTRIC $ 1,185
ABC BOX CO 3,695
ABITZ LOADING DOCK 2,106
ACCOUNTEMPS 26,383
ADA METAL PRODUCTS 6,299
ADT SECURITY SYSTEMS 960
ADVANCE HYDRAULICS I 64
ADVANCED WASTE SERVI 2,392
AL PETERSEN 16
ALCOA FUJIKURA LTD. 3,929
ALL FASTENERS, INC. 635
ALL TOOL SALES INC. 56
ALL WORLD MACHINERY 132
ALLTHERM SERVICES IN 587
ALUMINUM RESOURCES I 52,385
ALVAN MOTOR FREIGHT, INC. 87
AMERICAN ANALYTICAL 388
AMERICAN CA$H-2-GO 83
AMERICAN CHEMICAL 7,899
AMERICAN ENTERPRISE 5,492
AMERICAN GENERAL FINANCE 178
AMERICAN INDUSTRIAL 9,146
AMERICREDIT FINANCIAL 400
AMERIGAS - FRANKSVIL 3,600
ANDERSON PUMP & PROC 148
ARCH WIRELESS 93
AT & T 2,126
AT&T-UNIVERSAL BILLE 1,302
AUTOMATIC DATA PROCE 9,028
AUTOMOTIVE CONTAINME 2,375
BEN LOCKMAN 502
BEST ENGINEERING CO. 12,173
BOSTON MUTUAL LIFE 4,090
BOULEVARD PROPERTIES LLC 821
BROWN AND SHARPE 640
BRUCE COMPANY 867
BUELL AUTOMATICS INC 7,163
C & C ENTERPRISES, I 306
CAMCAR DIVISON OF TE 5,491
CASTOOL TOOLING SOLU 250
CHAPTER 13 TRUSTEE 4,181
CHEMTOOL INCORPORATE 5,488
CITI FINANCIAL 260
COMTECH MFG./ESTON M 5,238
CONCENTRA MEDICAL CENTERS 32
CON-WAY TRANSPORTATION 88
CO-OPERATIVE CREDIT UNION 63,874
CORPORATE EXPRESS 125
CREATIVE FOAM CORPOR 5,103
GANTON TECHNOLOGIES, INC. (RACINE) CASE NO. 04-67600
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
------ -------------------
CREST PRODUCTS INC. 22,280
D.M.E. COMPANY 324
DANA CORPORATION 353,799
DENTALBLUE 6,784
DEPT OF CORRECTIONS 200
DIRECT DENTAL SERVICE 27,475
DIVERSIFIED PRINTING 217
DIVERSIFIED TOOLING 680
DON MITCHELTREE 55
DONALDSON COMPANY 3,011
DONNA GERARDIN 1,725
DWD-UI COLLECTION SECTION 92
E.L. SIMETH CO. INC. 802
EASTERDAY OFFICE 893
ELCO TEXTRON INC 8,907
ENVIRONMENTAL RESOURCE 15
EXECUTIVE CONSULTING INC. 2,081
EYE CARE OF WISCONSIN INC 741
FELIZ SERVANTEZ 120
FORD CREDIT 957
FORD TOOL & GAGE 241
FOREST CITY TECHNOLO 1,239
FRED SANDERS 2,021
FREUDENBERG-NOK 43,621
G.W. SMITH & SONS, I 30,008
GENERAL INDUSTRIAL S 204
GENERAL RUBBER CO. 161
GKN SINTER METALS 1,101
GLOBAL EXCHANGE SERV 83
GORDON FLESCH CO., I 3,820
GREAT LAKES RUBBER A 36
GROUP ADMINISTRATORS LTD 295
GROVE DIE CASTING 2,160
H.F.I. FLUID POWER 185
HALLMAN LINDSAY QUAL 60
HAWKEYE 650
HERITAGE CRYSTAL CLEAN 322
HIGH RELIABILITY SYS 1,155
HILDRETH MANUFACTURI 7,077
HONEY ACRES 175
HYDRAULIC SERVICE OF 1,500
IBM CREDIT CORPORATION 2,348
IDEALEASE OF SOUTHEA 1,566
IDRAPRINCE INCORPORA 1,027
IFM EFECTOR INC. 108
IGC TECHNOLOGIES 430
IMCO RECYCLING 1,353,204
IMPREX, INC. 14,491
INDUSTRIAL ASSOCIATE 4,710
GANTON TECHNOLOGIES, INC. (RACINE) CASE NO. 04-67600
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
------ -------------------
INTEGRATED LOGISTICS 4,034
INTERNAL REVENUE SERVICE 100
INTERNATIONAL PRODUC 680
JACOBSON MFG. LLC 1,623
JACOBUS ENERGY 356
JEFFERSON PILOT FINANCIAL 1,136
JEFFERSON PILOT FINANCIAL 865
JENNISON-WRIGHT CO. 937
JOHN RADER 22
KAMAN INDUSTRIAL 61
KANO LABORATORIES 71
KAZTEX ENERGY MANAGE 114,186
KCI KONECRANES INC. 185
KENWAY SERVICES INC 340
KEVIN KOLECHECK 69
KOMAR SCREW CORP. 1,882
KRISTIANSEN ENTERPRI 2,739
L & S ELECTRIC INC 4,619
L I N A 6
LASALLE NATL LEASING 50,990
LIBRA INDUSTRIES, IN 2,809
LIN ROE SERVICES INC 1,250
LORRIE SAYLOR 76
M&I TRUST 38,026
MACHINERY & FACTORY 146
MARSHALL & ILSLEY TRUST 366
MCJUNKIN CORPORATION 487
MCMASTER-CARR SUPPLY 335
MECHANICAL ASSOCIATE 400
MEDICAL COLLEGE OF WISC 1,500
MELISSA PATRENETS 35
MEREDITH'S CULLIGAN 352
MERWIN STOLTZ CO 25,387
METAL WORLD, INC. 0
MICHAEL ANDERSON 119
MICHAEL SCHAUF 48
MICHAEL STRICKLAND 973
MIDWEST AIR PARTS 968
MIDWEST FILTER 454
MIGUEL MEDINA 4,615
MILLER MOTOR SALES 1,306
MINIATURE PRECISION 15,472
MISDU 260
MISSISSIPPI DEPT. OF 104
MODULAR PIPING SUPPL 187
MOLD SUPPLIES INC 1,122
MOLTEN METAL EQUIPME 2,610
MOTION INDUSTRIES, I 9,869
MSC INDUSTRIAL SUPPL 6,741
GANTON TECHNOLOGIES, INC. (RACINE) CASE NO. 04-67600
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
------ -------------------
MVTL LABORATORIES, INC. 1,410
NAPA AUTOMOTIVE PART 43
NASSCO INC. 1,743
NATIONAL CASH ADVANCE 183
NELSON ELECTRIC SUPP 6,052
NOEL SCHROTENBOER 140
NSK CORPORATION 21,668
OFSI 343
OHIO SCREW PRODUCTS 4,038
OTIS ELEVATOR COMPANY 141
PACKERLAND RENT-A-MA 1,122
PARKER HANNIFIN CORP 34,792
PENSKE TRUCK LEASING 6,581
PER MAR SECURITY SER 1,200
PERFECTION SPRING & 1,309
PITNEY BOWES CREDIT CORP 1,181
PONY EXPRESS 700
PRAXAIR DISTRIBUTION 4,092
PYROTEK, INC. 125
Q-CEE'S PRODUCTS DIVISION 110
QSR GROUP INC. 13,051
QUADRA 24,000
QUALITY CALIBRATION 1,915
RACINE WATER AND 281
RANDY ADAMS 1,001
RAUSCH STURM ISRAEL 64
REGISTRATION FEE TRUST 218
RES MANUFACTURING 52,147
RICHARD STEVENS 152
RIMROCK CORPORATION 187
RITTER ENGINEERING C 194
RMS QUALITY SERVICES 14,683
ROTOR CLIP COMPANY, INC. 301
ROUSH INDUSTRIES 68,100
SAFETY KLEEN SYSTEMS 984
SENTINAL TECHNOLOGIES 436
SENTINEL FLUID CONTR 395
SERVO KINETICS 210
SMURFIT-STONE CONTAINER 3,607
SNYDER PLASTICS INC. 800
SPRING ENGINEERING A 6,499
SPRINT CONFERENCING SRVS 9
STARFIRE SYSTEMS INC. 1,700
STEVE MUTCHIE 66
STONE CONTAINER CORP 1,597
SUMITOMO ELECTRIC CA 4,811
SUNNEN PRODUCTS 2,340
SUPERIOR DIE SET COR 946
TAMMY HAERTLE 21
GANTON TECHNOLOGIES, INC. (RACINE) CASE NO. 04-67600
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
------ -------------------
THE TOOL SERVICE 408
THE WORLD CLASS MFG 13,398
TOOL SERVICE CORPORA 14,825
TOSHIBA MACHINE CO. 236
TOTAL COMFORT OF WIS 6,941
TOWNSEND CONSULTING 500
TRANS-MAN LOGISTICS 12,887
TRELLEBORG AUTOMOTIV 117,517
TRICORE AEA INC. 550
TRUDELL TRAILERS OF 2,353
TWIN CITY OPTICAL 244
U.S. CELLULAR 1,797
UAW LOCAL 627 15,792
UAW V-CAP 301
UGS PLM SOLUTIONS IN 232
ULINE 583
UNITED LEASING ASSOC 328
UNITED PARCEL SERVIC 1,010
UNIVERSAL LUBRICATAI 3,236
US DEPT OF EDUCATION 357
VEKTEK, INC. 571
VISION CLINIC 107
W.W. GRAINGER INC. 3,818
WASTE MANAGEMENT 500
WE ENERGIES 140,041
WI DEPT OF HEALTH & FAM 80
WI SCTF 34,288
WISC. LIFTING SPECIA 413
WISCONSIN COMPRESSED 393
WISCONSIN DEPARTMENT OF 250
WISCONSIN DEPT OF REVENUE 415
WISCONSIN LIFT TRUCK 9,252
WOLTER INVESTMENT CO 6,182
YASKAWA ELECTRIC 2,055
------------
TOTALS $ 3,145,478
============
GANTON TECHNOLOGIES, INC.
CASE NO. 04-67600
AT 11/30/04
RACINE - NOVEMBER BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 254,114.74
Unadjusted GL Balance 254,114.74
---------------
Unreconciled Difference $ -
===============
GANTON TECHNOLOGIES, INC.
CASE NO. 04-67600
RACINE
OUTSTANDING CHECKS
CASE NO. 04-67600
CHECK DATE OUTSTANDING
40755 11/18/2004 $ 15.77
40761 11/18/2004 21.60
40819 11/24/2004 23.10
40743 11/18/2004 25.00
40825 11/24/2004 25.00
40746 11/18/2004 26.07
40834 11/24/2004 26.07
40269 10/20/2004 41.86
40789 11/23/2004 42.60
40850 11/24/2004 42.87
40811 11/24/2004 44.62
40863 11/30/2004 48.02
40303 10/21/2004 50.00
40604 11/11/2004 50.00
40738 11/18/2004 50.00
40818 11/24/2004 50.00
40766 11/23/2004 64.00
40816 11/24/2004 65.00
40769 11/23/2004 86.54
40774 11/23/2004 88.46
40754 11/18/2004 89.79
40839 11/24/2004 92.94
40812 11/24/2004 100.00
40881 11/30/2004 102.75
40851 11/24/2004 134.25
40866 11/30/2004 136.63
40758 11/18/2004 139.98
40853 11/24/2004 145.00
40599 11/11/2004 147.90
40837 11/24/2004 150.38
40780 11/23/2004 160.54
40782 11/23/2004 184.90
40869 11/30/2004 225.96
40846 11/24/2004 244.10
40681 11/16/2004 250.00
40712 11/16/2004 250.00
40828 11/24/2004 250.00
40877 11/30/2004 266.80
40864 11/30/2004 295.00
40803 11/23/2004 308.50
40878 11/30/2004 326.68
40792 11/23/2004 350.00
40833 11/24/2004 366.00
40859 11/30/2004 384.40
40862 11/30/2004 414.05
40467 10/29/2004 425.00
40783 11/23/2004 430.00
40880 11/30/2004 445.28
40814 11/24/2004 473.52
40275 10/20/2004 485.00
40836 11/24/2004 520.42
40768 11/23/2004 587.00
GANTON TECHNOLOGIES, INC.
CASE NO. 04-67600
OUTSTANDING CHECK LIST
CHECK DATE OUTSTANDING
40664 11/15/2004 603.00
40849 11/24/2004 619.62
40784 11/23/2004 627.68
40679 11/16/2004 640.00
40865 11/30/2004 650.00
40872 11/30/2004 686.84
40820 11/24/2004 732.43
40801 11/23/2004 797.68
40799 11/23/2004 801.90
40129 10/11/2004 812.50
40855 11/24/2004 853.50
40826 11/24/2004 864.95
40861 11/30/2004 867.08
40727 11/17/2004 1,064.31
40698 11/16/2004 1,121.64
40873 11/30/2004 1,121.67
40827 11/24/2004 1,136.00
40858 11/30/2004 1,180.00
40791 11/23/2004 1,200.00
40867 11/30/2004 1,500.00
40871 11/30/2004 1,500.00
40879 11/30/2004 1,508.08
40868 11/30/2004 1,570.00
40821 11/24/2004 1,571.40
40860 11/30/2004 1,579.61
40805 11/23/2004 1,631.00
40875 11/30/2004 1,700.00
40808 11/23/2004 1,702.00
40770 11/23/2004 1,800.00
40790 11/23/2004 1,809.27
40813 11/24/2004 2,043.98
40845 11/24/2004 2,126.16
40781 11/23/2004 2,160.00
40713 11/16/2004 2,338.27
40708 11/16/2004 2,353.21
40373 10/26/2004 2,395.00
40874 11/30/2004 2,495.29
40772 11/23/2004 2,642.75
40728 11/17/2004 3,205.11
40788 11/23/2004 3,488.06
40670 11/16/2004 3,694.62
40330 10/21/2004 4,100.00
40787 11/23/2004 4,609.00
40672 11/16/2004 6,280.80
40876 11/30/2004 6,941.07
40832 11/24/2004 8,482.18
40823 11/24/2004 8,683.19
40777 11/23/2004 8,700.00
40847 11/24/2004 15,792.02
40870 11/30/2004 110,684.84
40765 11/23/2004 6,136.80
40778 11/23/2004 740.88
------------
Outstanding Checks $ 254,114.74
============
INTERMET CORPORATION AND SUBSIDIARIES PERIOD ENDED 11/30/2004
MONTHLY CASH STATEMENT
CASH ACTIVITY ANALYSIS: CASE # 04-67600
GANTON TECHNOLOGIES (PULASKI)
---------------------------------------------------------------------------------------
ACCOUNT TYPE LOCKBOX 673017 LOCKBOX 77165 AP PR TOTAL
ACCOUNT # 1851811388 644113482 2176982953 2176983100
BANK Comerica Bank One Comerica Comerica
BEGINNING BANK BALANCE - - - - -
RECEIPTS 395,089 40,648 - 718 436,455
TRANSFERS IN (CORPORATE) - - 413,031 506,944 919,975
DIP INFLOW - - - - -
DISBURSEMENTS - - (413,031) (507,662) (920,693)
TRANSFERS OUT (CORPORATE) (395,089) (40,648) - - (435,737)
DIP REPAYMENT - - - - -
-------- ------- ---------- -------- --------
ENDING BANK BALANCE - - - - -
WIRES PAID FOR BY CORPORATE 666,309 666,309
CHECKS ISSUED 471,792
----------
TOTAL DISBURSEMENTS
(SEE TOTAL DISBURSEMENTS
RECONCILIATION) $1,138,101
==========
OUTSTANDING CHECKS AS OF
OCTOBER 31 128,551
VOIDED CHECKS OUTSTANDING
AS OF OCTOBER 31 (5,572)
CHECKS ISSUED IN NOVEMBER 471,792
CHECK CLEARED IN NOVEMBER (413,031)
----------
OUTSTANDING CHECKS AS OF
NOVEMBER 30
(SEE OUTSTANDING CHECKLIST) $ 181,739
==========
GANTON TECHNOLOGIES, INC. (PULASKI) CASE NO. 04-67600
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
------ -------------------
ADVANCE PRODUCTS $ 387
AH ASSOCIATES 1,200
AIRGAS SOUTH (BOC GA 1,899
AL CAST COMPANY 57,518
ALABAMA CHILD SUPPORT 268
ALUMINUM RESOURCES I 9,897
AMERICAN CHEMICAL 3,564
ATCO INDUSTRIES, INC 9,362
AUTOMATIC DATA PROCE 3,645
AVAYA INC. 296
BADGER METAL TECH IN 1,054
BAGWELL OFF.SYSTEMS, 478
BAILEY COMPANY 2,471
BANK OF FRANKEWING 556
BG & R COMPANY 10,446
BIRMINGHAM TOLEDO, I 438
BROOKS AUTO SERVICE 675
BUHLER INC. 344
C KENNETH STILL TRUSTEE 340
CENTRAL CHILD SUPPORT 4,346
CENTRO 333
CHEM STATION 737
CHEMTOOL INCORPORATED 315
CHILES OIL INC. 1,032
Chris Douthit 6,768
CINDY WATSON 345
CINTAS CORPORATION 5,844
COLUMBIA MACHINE WOR 8,344
D.M.E. COMPANY 714
DANIEL ETHRIDGE 153
DIE CAST PRESS MFG.CO.,IN 28,906
DIE-TECH WIRE TOOL I 8,000
DIXIE COMPRESSOR & P 2,049
ELLIOTT HY-TEST 936
EMPIRE CNC SERVICES 6,660
EMPIRE REFRACTORY 34,500
Expedite Services 4,764
FIRE EXTINGUISHER AN 436
FIRST NATIONAL BANK 7,908
GE BETZ, INC. 17,822
GE CAPITAL 689
GENERAL SUPPLY CORP. 9,190
GIBSON BROTHERS AUTO 997
GIBSON'S GLASS & MIR 234
GILES COUNTY CHAMBER OF 36
Global Exchange Serv 59
GUARDIAN SYSTEMS 950
H R DIRECT 217
GANTON TECHNOLOGIES, INC. (PULASKI) CASE NO. 04-67600
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
------ -------------------
HARCROS CHEMICALS, I 848
HENRY E. HILDEBRAND, III 1,960
HILDRETH MANUFACTURI 3,915
Hillside Hospital 34
HOLLEY'S PRINTING 78
HUGHES PARKER INDUST 3,214
IMCO RECYCLING 510,867
INDUSTRIAL FINISHING 2,846
INNOVATIVE CASTING T 2,450
INTERMET 1,604
J & K INDUSTRIAL SUP 910
J&J/INGAS PROPANE 2,058
J.M. JUDE ASSOCIATES INC. 234
James Greenwell 425
Jefferson Pilot Fina 600
JEFFERSON SMURFIT CO 1,957
JM FOREST PRODUCTS, 1,235
JOHN-MICHAELS ENTERP 1,888
KANO LABORATORIES 112
KENNAMETAL INC. 42
KEYENCE CORP.OF AMERICA 2,397
LAKESIDE MANUFACTURI 23,471
LEWISBURG RUBBER AND 1,928
Lin Roe Services, Inc. 1,250
LOCHER, INC. 3,156
M.G. ELECTRONIC EQUI 560
MAGID GLOVE/EQUITY I 301
MAGNA-TECH SE. 933
MARK KOSKI 94
MCMASTER-CARR SUPPLY 812
METOKOTE 8,777
MICHIGAN MILL & ABRA 1,264
MID-SOUTH METALLURGI 47
NORTH AMERICAN MFG CO 3,408
PACKAGING FULFILLMEN 16,694
PEREZ SERVICES INC. 2,442
PIONEER METAL FINISH 2,255
POSTMASTER 111
PRECISION MACHINERY 9,006
PROCLEAN SUPPLIES & 568
PULASKI ELECTRIC, WA 57,613
PULASKI LUMBER COMPA 16
PUTNAM INVESTMENTS- 11,253
QUAD STEEL CORPORATION 800
QUALITY SPECIALIST GROUP, 3,676
RAM CORPORATION, INC. 39
RANDSTAD 49,690
Ray Luntsford 235
GANTON TECHNOLOGIES, INC. (PULASKI) CASE NO. 04-67600
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
------ -------------------
REFRACTORY SERVICE INC. 431
RICHLAND, LLC 188
RICHLAND, LLC 8,823
RIMROCK 878
RIVER TOOL TECH, INC 972
Robert W. Herr 16,377
Robin Couldry 302
ROSEMONT INDUSTRIES 2,910
SAFETY-KLEEN SYSTEMS 58
SEI ENVIROMENTAL INC 735
SHEFFCO, INC. 1,574
SLOCUM INDUSTRIAL 1,650
SPECTRO ALLOYS CORP 38,280
ST. JOE TOOL COMPANY 9,788
STEPHANIE WALTERS 643
STERICYCLE INC. 10
Steve Romick 2,363
STUART C. IRBY COMPA 21
SUPERIOR TOOL & DIE CO 770
SWIFT INDUSTRIAL POW 69
TAMMY KAY BOWEN 327
TECHNICRAFT, INC. 848
TENN.VALLEY RECYCLIN 710
TERESA CHEATHAM 1,364
TIM GEIGER 26
TRANSMAN 42,320
VEKTEK, INC. 3,988
VISI-TRAK WORLDWIDE LLC 3,620
WATSON'S OFFICE SUPP 1,319
ZEP MANUFACTURING CO. 134
-----------
TOTALS $ 1,138,101
===========
GANTON TECHNOLOGIES, INC.
CASE NO. 04-67600
AT 11/30/04
PULASKI - NOVEMBER BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 181,739.37
Total PR Outstanding Checks 37,376.84
----------
Total Outstanding Checks 219,116.21
Unadjusted GL Balance 219,875.85
-----------
Old Prepetition Checks to Void $ 759.64
===========
GANTON TECHNOLOGIES, INC.
CASE NO. 04-67600
PULASKI
OUTSTANDING CHECKS
CASE NO. 04-67600
CHECK DATE OUTSTANDING
13042 11/24/2004 $ 67.00
13049 11/24/2004 85
13035 11/24/2004 85.9
13037 11/24/2004 90.01
12833 11/2/2004 101.82
13069 11/30/2004 117.71
13034 11/24/2004 239
13070 11/30/2004 323.66
13051 11/24/2004 490
13000 11/18/2004 652.96
13036 11/24/2004 898.47
13058 11/30/2004 1,213.30
13040 11/24/2004 2384.47
13047 11/24/2004 16376.55
13026 11/22/2004 26,479.97
12764 10/25/2004 1,054.83
12894 11/5/2004 27,585.22
12925 11/10/2004 216.87
12944 11/11/2004 36.00
12952 11/11/2004 770.00
12981 11/16/2004 3,620.00
12983 11/17/2004 46.86
12984 11/17/2004 3,408.00
12995 11/18/2004 588.00
12998 11/18/2004 1,201.00
13012 11/19/2004 77.75
13013 11/19/2004 2,095.80
13014 11/19/2004 1,196.00
13016 11/19/2004 320.00
13024 11/22/2004 271.04
13027 11/22/2004 750.38
13028 11/22/2004 111.00
13030 11/24/2004 1095
13031 11/24/2004 3156.42
13032 11/24/2004 3538.56
13039 11/24/2004 713.5
13044 11/24/2004 361.65
13046 11/24/2004 1650
13048 11/24/2004 30027.55
13053 11/30/2004 299.90
13054 11/30/2004 3,564.00
13055 11/30/2004 428.76
13056 11/30/2004 477.58
13057 11/30/2004 3,267.60
13059 11/30/2004 1,857.50
13060 11/30/2004 153.30
13061 11/30/2004 3,422.50
13062 11/30/2004 689.31
13063 11/30/2004 161.13
13064 11/30/2004 233.51
13065 11/30/2004 6,760.24
13067 11/30/2004 32.93
GANTON TECHNOLOGIES, INC.
CASE NO. 04-67600
OUTSTANDING CHECK LIST
CHECK DATE OUTSTANDING
13068 11/30/2004 5,991.75
13071 11/30/2004 269.75
13072 11/30/2004 4,378.32
13073 11/30/2004 729.00
13074 11/30/2004 1,279.95
13075 11/30/2004 58.00
13076 11/30/2004 603.00
13077 11/30/2004 1,574.13
13078 11/30/2004 1,956.50
13079 11/30/2004 9,788.00
13080 11/30/2004 265.46
------------
Outstanding Checks $ 181,739.37
============
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: NOVEMBER 30, 2004
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: GANTON TECHNOLOGIES, INC. Capacity: ___ Shareholder
Case Number: 04-67600 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED AT INTERMET
CORPORATION. PLEASE SEE INTERMET CORPORATION (CASE #04-67597) FOR ALL INSIDER
COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $0
Dated: DECEMBER 20, 2004 ________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Ganton Technologies, Inc.
Case Number: 04-67600
Intermet Corporation and Subsidiaries
Schedule of In-Force Insurance
POLICY COVERAGE CARRIER POLICY PERIOD
- ----------------- -------------- ----------------
Property Lloyds 11/1/04-11/01/05
Boiler/Machine Hartford 11/1/04-11/01/05
Cargo Fireman's Fund 11/1/04-11/01/05
Truck Cargo Fireman's Fund 11/1/04-11/01/05
Aviation USAIG 11/1/04-11/01/05
Fiduciary St. Paul 11/1/04-11/01/05
Primary D&O St. Paul 11/1/04-11/01/05
Excess D&O Chubb 11/1/04-11/01/05
Side A Platte River 11/1/04-11/01/05
Crime Gulf 11/1/04-12/1/04
General Liability Liberty Mutual 11/1/04-12/22/04
Umbrella National Union 11/1/04-12/22/04
Work Comp Liberty Mutual 11/1/04-12/22/04
Excess Work Comp Liberty Mutual 11/1/04-12/22/04
Auto Liberty Mutual 11/1/04-12/22/04
Foreign (DIC) Liberty Mutual 11/1/04-12/22/04
UNITED STATES BANKRUPTCY COURT
FOR THE EASTERN DISTRICT OF MICHIGAN
TRANSMITTAL OF FINANCIAL REPORTS AND
CERTIFICATION OF COMPLIANCE WITH UNITED STATES TRUSTEE
OPERATING REQUIREMENTS FOR
THE PERIOD ENDED NOVEMBER 30, 2004:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67601
) Chapter 11
) Judge: Marci B. McIvor
INTERMET HOLDING COMPANY )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
X Operating Statement (Form 2)
X Balance Sheet (Form 3)
X Summary of Operations (Form 4)
X Monthly Cash Statement (Form 5)
X Statement of Compensation (Form 6)
X Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and, (if not, attach written
explanation)
YES X NO___
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current. (If
not, attach written explanation)
YES X NO___
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization. (If not, attach a written explanation)
YES X NO___
5. All United States Trustee Quarterly fees have been paid and are current
YES X NO___
6. Have you filed your pre-petition tax returns. (If not, attach a written
explanation)
YES X NO___
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: DECEMBER 20, 2004 /s/ Robert E. Belts
------------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- ----------------
Title Phone
Intermet Corp. and Subsidiaries
Operating Statement
For the Month Ended 11-30-04
($000's)
CASE # 04-67601
INTERMET
HOLDING CO.
-----------------------------------
Current Month Total Since Filing
------------- ------------------
NET SALES $ 0 $ 0
Cost of Goods Sold
Materials and Freight - -
Wages - Hourly - -
Wages-Salary - -
Employee Benefits and Pension - -
Repairs & Maintenance - -
Supplies - -
Utilities - -
Purchased Components/Services - -
Income(loss) from Pattern Sales - -
Fixed Asset - (gain/loss) - -
MIS Expense - -
Travel & Entertainment - -
Other Variable Costs - -
Depreciation & Amortization - -
Other Allocated Fixed Costs - -
Other Fixed Costs - -
------------- ------------------
Cost of Goods Sold - -
Gross Profit - -
Plant SG&A Expense - -
SG&A Expense - Allocation (Sched 1) - -
Other Operating Expenses - -
------------- ------------------
Total Operating Expenses - -
Operating Profit - -
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) - -
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations
Other Income/(Expense) - -
------------- ------------------
Total Non-Operating Expenses - -
Income Before Income Taxes - -
Income Tax Expense - -
------------- ------------------
Net Income $ 0 $ 0
============= ==================
*Note: Intermet Holding Company is a holding company of certain foreign foreign
subsidiaries and does not itself have any domestic operations. As a result,
Intermet Holding Company's results are incorporated in the results of Intermet
Corporation foreign subsidiaries. For November, $385,000 of Intercompany
interest was eliminated through foreign operations and therefore not included in
this statement.
Current Month Total Since Filing
(385) (756)
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs (November)
(Allocation of Corporate Costs to Filing Entities)
November
------------
Officer Compensation $ 188,750
Salary Expense other Employees 1,017,948
Employee Benefits and Pension 132,427
Payroll Taxes 38,495
Other Taxes 759.01
Rent and Lease Expense 175,759
Interest Expense
Insurance 37,552
Automobile and Truck Expense 18,167
Utilities(Gas Electric,Phone) 6,437
Depreciation 88,493
Travel and Entertainment 50,237
Repairs and Maintenance 65,952
Advertising/Promotion 258
Supplies, Office Expense 25,936
OTHER:
Contributions 0
Professional Fees - Audit/Tax 131,192
Bank Fees 19,003
Public Reporting Fees 16,000
Employee Relocation/Training 1,880
Data Processing 33,902
Dues and Subscriptions 12,683
Outside Services 135,172
Project Development Costs net of Billings 64,668
Director Fees 25,333
Miscellaneous 2,896
Professional Fees - Bankruptcy 2,790,154
Cost Allocation - Out (172,737)
------------
$ 4,907,317
============
Allocation:
Wagner Castings $ 177,312
Northern Castings 46,825
Ironton Iron 0
Lynchburg Foundry 179,333
Columbus Foundry 290,418
Wagner Havana 0
Intermet U.S. Holdings 240,779
Cast-Matic Corp. 76,250
Diversified Diemakers 239,650
Ganton Technologies 155,833
Tool Products 127,416
Intermet Corporation 3,373,501
------------
Total $ 4,907,317
============
Intermet Corp. and Subsidiaries
Balance Sheet as Of 11-30-04
CASE # 04-67601
---------------
INTERMET
HOLDING CO.
---------------
Cash And Equivalents
Accounts Receivable
Short-Term Intercompany Receivables
Inventories
Other Current Assets 0
---------------
TOTAL CURRENT ASSETS 0
Land and Buildings 0
Machinery & Equipment 0
Construction In Progress 0
---------------
Total Fixed Assets 0
Accumulated Depreciation 0
---------------
NET FIXED ASSETS 0
Investment In Subsidiaries 90,292
Investment In European Operations 0
Long-Term Intercompany Receivables 22
Deferred Taxes, Long-Term Asset 0
Other Assets 0
---------------
TOTAL ASSETS $ 90,314
===============
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 0
Wages and Salaries (See schedule) 0
Taxes Payable - (See schedule) 0
TOTAL POST PETITION LIABILITIES 0
SECURED LIABILITIES:
SECURED BANK DEBT & IDR BONDS 0
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes 0
Accrued Tax - State 0
Accrued Property Taxes 0
Accrued Workers Comp. 0
Accrued Payroll 0
Accrued Payroll Taxes
---------------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 0
UNSECURED LIABILITIES
Accounts Payable 0
IDR Bonds 0
---------------
TOTAL UNSECURED LIABILITIES 0
OTHER LIABILITIES
Accrued Liabilities 0
Short-Term Intercompany Payables 0
Capital Leases 0
Retirement Benefits
Deferred Taxes - Long-Term Liability
Other Long-Term Liabilities
Long-Term Intercompany Payables 141,996
---------------
TOTAL LIABILITIES 141,996
Common Stock 1
Capital In Excess Of Par Value 1
Retained Earnings - Prepetition (18,705)
Retained Earnings - Post Petition (756)
Equity In European Operations 0
Accumulated Translation Adjustment (32,223)
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
---------------
TOTAL SHAREHOLDER EQUITY (51,682)
---------------
TOTAL LIABILITIES AND EQUITY $ 90,314
===============
Note: Intermet Holding Company is a holding company of certain foreign foreign
subsidiaries and does not itself have any domestic operations. As a result,
Intermet Holding Company's results are incorporated in the results of Intermet
Corporation foreign subsidiaries.
PERIOD ENDED: 11-30-04 INTERMET HOLDING COMPANY CASE #04-67601
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
10/31/2004 Withheld Deposits 11/30/2004
---------- --------- ---------- ----------
Income tax withheld: Federal $ 0 $ 0 $ 0 $ 0
Income tax withheld: State $ 0 $ 0 $ 0 $ 0
Income tax withheld: Local $ 0 $ 0 $ 0 $ 0
FICA Withheld $ 0 $ 0 $ 0 $ 0
Employers FICA $ 0 $ 0 $ 0 $ 0
Unemployment Tax: Federal $ 0 $ 0 $ 0 $ 0
Unemployment Tax: State $ 0 $ 0 $ 0 $ 0
All Other Payroll W/H $ 0 $ 0 $ 0 $ 0
$ 0 $ 0 $ 0 $ 0
State Taxes: Inc./Sales/Use/Excise $ 0 $ 0 $ 0 $ 0
Property Taxes $ 0 $ 0 $ 0 $ 0
$ 0
Workers Compensation 0 0 0 0
---------- --------- ---------- ----------
Total $ 0 $ 0 $ 0 $ 0
Wages and Salaries 0 0 0 0
---------- --------- ---------- ----------
Grand Total $ 0 $ 0 $ 0 $ 0
========== ========= ========== ==========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $ 0 $ 0 $ 0
Accounts Receivable $ 0 $ 0 $ 0
MONTHLY CASH STATEMENT
Period Ending: NOVEMBER 30, 2004
INTERMET HOLDING COMPANY
Case Number: 04-67601
CASH ACTIVITY ANALYSIS (CASH BASIS ONLY):
General Payroll Tax Cash Coll. Petty Cash
Acct. Acct. Acct. Acct. Acct.
A. Beginning Balance _______ _______ _____ __________ __________
B. Receipts _______ _______ _____ __________ __________
(Attach separate schedule)
C. Balance Available _______ _______ _____ __________ __________
(A+B)
D. Less Disbursements _______ _______ _____ __________ __________
(Attach separate schedule)
E. Ending Balance N/A - COMPANY HAS NO BANK ACCOUNTS (C-D)
(PLEASE ATTACH COPIES OF MOST RECENT RECONCILED BANK STATEMENTS FROM EACH
ACCOUNT)
General Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Payroll Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Tax Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Other monies on hand (specify type and location) i.e., CD's, bonds, etc.:
________________________________________________________________________
________________________________________________________________________
Date: DECEMBER 20, 2004 _____________________________
Debtor in Possession
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: NOVEMBER 30, 2004
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: INTERMET HOLDING COMPANY Capacity: ___ Shareholder
Case Number: 04-67601 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED AT INTERMET
CORPORATION. PLEASE SEE INTERMET CORPORATION (CASE #04-67597) FOR ALL INSIDER
COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $0
Dated: DECEMBER 20, 2004 __________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Intermet Holding Company
Case Number: 04-67601
Intermet Corporation and Subsidiaries
Schedule of In-Force Insurance
POLICY COVERAGE CARRIER POLICY PERIOD
- ----------------- -------------- ----------------
Property Lloyds 11/1/04-11/01/05
Boiler/Machine Hartford 11/1/04-11/01/05
Cargo Fireman's Fund 11/1/04-11/01/05
Truck Cargo Fireman's Fund 11/1/04-11/01/05
Aviation USAIG 11/1/04-11/01/05
Fiduciary St. Paul 11/1/04-11/01/05
Primary D&O St. Paul 11/1/04-11/01/05
Excess D&O Chubb 11/1/04-11/01/05
Side A Platte River 11/1/04-11/01/05
Crime Gulf 11/1/04-12/1/04
General Liability Liberty Mutual 11/1/04-12/22/04
Umbrella National Union 11/1/04-12/22/04
Work Comp Liberty Mutual 11/1/04-12/22/04
Excess Work Comp Liberty Mutual 11/1/04-12/22/04
Auto Liberty Mutual 11/1/04-12/22/04
Foreign (DIC) Liberty Mutual 11/1/04-12/22/04
UNITED STATES BANKRUPTCY COURT
FOR THE EASTERN DISTRICT OF MICHIGAN
TRANSMITTAL OF FINANCIAL REPORTS AND
CERTIFICATION OF COMPLIANCE WITH UNITED STATES TRUSTEE
OPERATING REQUIREMENTS FOR
THE PERIOD ENDED NOVEMBER 30, 2004:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67604
) Chapter 11
) Judge: Marci B. McIvor
INTERMET ILLINOIS, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
X Operating Statement (Form 2)
X Balance Sheet (Form 3)
X Summary of Operations (Form 4)
X Monthly Cash Statement (Form 5)
X Statement of Compensation (Form 6)
X Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and, (if not, attach written
explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current. (If
not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization. (If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns. (If not, attach a written
explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: DECEMBER 20, 2004 /s/ Robert E. Belts
-----------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- --------------
Title Phone
Intermet Corp. and Subsidiaries
Operating Statement
For the Month Ended 11-30-04
($000's)
CASE # 04-67604
INTERMET
ILLINOIS
------------------------------------
Current Month Total Since Filing
------------- -------------------
Net Sales $ 0 $ 0
Cost of Goods Sold
Materials and Freight - -
Wages - Hourly - -
Wages-Salary - -
Employee Benefits and Pension - -
Repairs & Maintenance - -
Supplies - -
Utilities - -
Purchased Components/Services - -
Income(loss) from Pattern Sales - -
Fixed Asset - (gain/loss) - -
MIS Expense - -
Travel & Entertainment - -
Other Variable Costs - -
Depreciation & Amortization - -
Other Allocated Fixed Costs - -
Other Fixed Costs - -
------ -------
Cost of Goods Sold - -
Gross Profit - -
Plant SG&A Expense - -
SG&A Expense - Allocation (Sched 1) - -
Other Operating Expenses - -
------ -------
Total Operating Expenses - -
Operating Profit - -
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) - -
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations
Other Income/(Expense) - -
------ -------
Total Non-Operating Expenses - -
Income Before Income Taxes - -
Income Tax Expense - -
------ -------
Net Income $ 0 $ 0
====== =======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs (November)
(Allocation of Corporate Costs to Filing Entities)
November
-----------
Officer Compensation $ 188,750
Salary Expense other Employees 1,017,948
Employee Benefits and Pension 132,427
Payroll Taxes 38,495
Other Taxes 759.01
Rent and Lease Expense 175,759
Interest Expense
Insurance 37,552
Automobile and Truck Expense 18,167
Utilities(Gas Electric,Phone) 6,437
Depreciation 88,493
Travel and Entertainment 50,237
Repairs and Maintenance 65,952
Advertising/Promotion 258
Supplies, Office Expense 25,936
OTHER:
Contributions 0
Professional Fees - Audit/Tax 131,192
Bank Fees 19,003
Public Reporting Fees 16,000
Employee Relocation/Training 1,880
Data Processing 33,902
Dues and Subscriptions 12,683
Outside Services 135,172
Project Development Costs net of Billings 64,668
Director Fees 25,333
Miscellaneous 2,896
Professional Fees - Bankruptcy 2,790,154
Cost Allocation - Out (172,737)
-----------
$ 4,907,317
===========
Allocation:
Wagner Castings $ 177,312
Northern Castings 46,825
Ironton Iron 0
Lynchburg Foundry 179,333
Columbus Foundry 290,418
Wagner Havana 0
Intermet U.S. Holdings 240,779
Cast-Matic Corp. 76,250
Diversified Diemakers 239,650
Ganton Technologies 155,833
Tool Products 127,416
Intermet Corporation 3,373,501
----------
Total $4,907,317
==========
Intermet Corp. and Subsidiaries
Balance Sheet as Of 11-30-04
CASE # 04-67604
---------------
INTERMET
ILLINOIS
--------
Cash And Equivalents
Accounts Receivable
Short-Term Intercompany Receivables
Inventories
Other Current Assets 0
-----
TOTAL CURRENT ASSETS 0
Land and Buildings 0
Machinery & Equipment 163
Construction In Progress (163)
-----
Total Fixed Assets 0
Accumulated Depreciation 0
-----
NET FIXED ASSETS 0
Investment In Subsidiaries 0
Investment In European Operations 0
Long-Term Intercompany Receivables 0
Deferred Taxes, Long-Term Asset 0
Other Assets 0
-----
TOTAL ASSETS $ 0
=====
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable
Wages and Salaries (See schedule)
Taxes Payable - (See schedule)
-----
TOTAL POST PETITION LIABILITIES 0
SECURED LIABILITIES:
SECURED BANK DEBT & IDR BONDS 0
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes 0
Accrued Tax - State 0
Accrued Property Taxes 0
Accrued Workers Comp 0
Accrued Payroll 0
Accrued Payroll Taxes
-----
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 0
UNSECURED LIABILITIES
Accounts Payable 0
IDR Bonds 0
-----
TOTAL UNSECURED LIABILITIES 0
OTHER LIABILITIES
Accrued Liabilities 0
Short-Term Intercompany Payables 0
Capital Leases 0
Retirement Benefits
Deferred Taxes - Long-Term Liability
Other Long-Term Liabilities
Long-Term Intercompany Payables 100
-----
TOTAL LIABILITIES 100
Common Stock 0
Capital In Excess Of Par Value 0
Retained Earnings - Prepetition (100)
Retained Earnings - Post Petition 0
Equity In European Operations 0
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
-----
TOTAL SHAREHOLDER EQUITY (100)
-----
TOTAL LIABILITIES AND EQUITY $ 0
=====
PERIOD ENDED: 11-30-04 INTERMET ILLINOIS CASE #04-67604
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
10/31/2004 Withheld Deposits 11/30/2004
---------- --------- ---------- ----------
Income tax withheld: Federal $0 $0 $0 $0
Income tax withheld: State $0 $0 $0 $0
Income tax withheld: Local $0 $0 $0 $0
FICA Withheld $0 $0 $0 $0
Employers FICA $0 $0 $0 $0
Unemployment Tax: Federal $0 $0 $0 $0
Unemployment Tax: State $0 $0 $0 $0
All Other Payroll W/H $0 $0 $0 $0
$0 $0 $0 $0
State Taxes: Inc./Sales/Use/Excise $0 $0 $0 $0
Property Taxes $0 $0 $0 $0
$0
Workers Compensation 0 0 0 0
-- -- -- --
Total $0 $0 $0 $0
Wages and Salaries 0 0 0 0
-- -- -- --
Grand Total $0 $0 $0 $0
== == == ==
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $0 $0 $0
Accounts Receivable $0 $0 $0
MONTHLY CASH STATEMENT
Period Ending: NOVEMBER 30, 2004
INTERMET ILLINOIS, INC.
Case Number: 04-67604
CASH ACTIVITY ANALYSIS (CASH BASIS ONLY):
General Payroll Tax Cash Coll. Petty Cash
Acct. Acct. Acct. Acct. Acct.
A. Beginning Balance _____ _____ _____ _____ _____
B. Receipts _____ _____ _____ _____ _____
(Attach separate schedule)
C. Balance Available _____ _____ _____ _____ _____
(A+B)
D. Less Disbursements _____ _____ _____ _____ _____
(Attach separate schedule)
E. Ending Balance N/A - COMPANY HAS NO BANK ACCOUNT
(C-D)
(PLEASE ATTACH COPIES OF MOST RECENT RECONCILED BANK STATEMENTS FROM EACH
ACCOUNT)
General Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Payroll Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Tax Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Other monies on hand (specify type and location) i.e., CD's, bonds, etc.:
_________________________________________________________________________
_________________________________________________________________________
Date: DECEMBER 20, 2004 ______________________________
Debtor in Possession
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: NOVEMBER 30, 2004
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: INTERMET ILLINOIS, INC. Capacity: ___ Shareholder
Case Number: 04-67604 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $ 0
Dated: DECEMBER 20, 2004 ________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Intermet Corporation and Subsidiaries Intermet Illinois, Inc.
Schedule of In-Force Insurance Case Number: 04-67604
POLICY COVERAGE CARRIER POLICY PERIOD
- ----------------- -------------- ----------------
Property Lloyds 11/1/04-11/01/05
Boiler/Machine Hartford 11/1/04-11/01/05
Cargo Fireman's Fund 11/1/04-11/01/05
Truck Cargo Fireman's Fund 11/1/04-11/01/05
Aviation USAIG 11/1/04-11/01/05
Fiduciary St. Paul 11/1/04-11/01/05
Primary D&O St. Paul 11/1/04-11/01/05
Excess D&O Chubb 11/1/04-11/01/05
Side A Platte River 11/1/04-11/01/05
Crime Gulf 11/1/04-12/1/04
General Liability Liberty Mutual 11/1/04-12/22/04
Umbrella National Union 11/1/04-12/22/04
Work Comp Liberty Mutual 11/1/04-12/22/04
Excess Work Comp Liberty Mutual 11/1/04-12/22/04
Auto Liberty Mutual 11/1/04-12/22/04
Foreign (DIC) Liberty Mutual 11/1/04-12/22/04
UNITED STATES BANKRUPTCY COURT
FOR THE EASTERN DISTRICT OF MICHIGAN
TRANSMITTAL OF FINANCIAL REPORTS AND
CERTIFICATION OF COMPLIANCE WITH UNITED STATES TRUSTEE
OPERATING REQUIREMENTS FOR
THE PERIOD ENDED NOVEMBER 30, 2004:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67607
) Chapter 11
) Judge: Marci B. McIvor
INTERMET INTERNATIONAL, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
X Operating Statement (Form 2)
X Balance Sheet (Form 3)
X Summary of Operations (Form 4)
X Monthly Cash Statement (Form 5)
X Statement of Compensation (Form 6)
X Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: DECEMBER 20, 2004 /s/ Robert E. Belts
-----------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- --------------
Title Phone
UNITED STATES BANKRUPTCY COURT
FOR THE EASTERN DISTRICT OF MICHIGAN
IN RE: INTERMET INTERNATIONAL, INC. CASE NO. 04-67607
All activity for Intermet International, Inc. is reported in the
consolidated Columbus Foundry operating report (Case #04-67609).
MONTHLY CASH STATEMENT
Period Ending: NOVEMBER 30, 2004
INTERMET INTERNATIONAL, INC.
Case Number: 04-67607
CASH ACTIVITY ANALYSIS (CASH BASIS ONLY):
General Payroll Tax Cash Coll. Petty Cash
Acct. Acct. Acct. Acct. Acct.
A. Beginning Balance _____ _____ _____ _____ _____
B. Receipts _____ _____ _____ _____ _____
(Attach separate schedule)
C. Balance Available _____ _____ _____ _____ _____
(A+B)
D. Less Disbursements _____ _____ _____ _____ _____
(Attach separate schedule)
E. Ending Balance ALL ACTIVITY FOR INTERMET INTERNATIONAL, INC. IS
(C-D) REPORTED IN THE CONSOLIDATED COLUMBUS FOUNDRY
OPERATING REPORT (CASE #04-67609).
(PLEASE ATTACH COPIES OF MOST RECENT RECONCILED BANK STATEMENTS FROM EACH
ACCOUNT)
General Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Payroll Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Tax Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Other monies on hand (specify type and location) i.e., CD's, bonds, etc.:
_________________________________________________________________________
_________________________________________________________________________
Date: DECEMBER 20, 2004 ______________________________
Debtor in Possession
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: NOVEMBER 30, 2004
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: INTERMET INTERNATIONAL, INC. Capacity: ___ Shareholder
Case Number: 04-67607 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $ 0
Dated: DECEMBER 20, 2004 ________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Intermet Corporation and Subsidiaries Intermet International, Inc.
Schedule of In-Force Insurance Case Number: 04-67607
POLICY COVERAGE CARRIER POLICY PERIOD
- ----------------- -------------- ----------------
Property Lloyds 11/1/04-11/01/05
Boiler/Machine Hartford 11/1/04-11/01/05
Cargo Fireman's Fund 11/1/04-11/01/05
Truck Cargo Fireman's Fund 11/1/04-11/01/05
Aviation USAIG 11/1/04-11/01/05
Fiduciary St. Paul 11/1/04-11/01/05
Primary D&O St. Paul 11/1/04-11/01/05
Excess D&O Chubb 11/1/04-11/01/05
Side A Platte River 11/1/04-11/01/05
Crime Gulf 11/1/04-12/1/04
General Liability Liberty Mutual 11/1/04-12/22/04
Umbrella National Union 11/1/04-12/22/04
Work Comp Liberty Mutual 11/1/04-12/22/04
Excess Work Comp Liberty Mutual 11/1/04-12/22/04
Auto Liberty Mutual 11/1/04-12/22/04
Foreign (DIC) Liberty Mutual 11/1/04-12/22/04
UNITED STATES BANKRUPTCY COURT
FOR THE EASTERN DISTRICT OF MICHIGAN
TRANSMITTAL OF FINANCIAL REPORTS AND
CERTIFICATION OF COMPLIANCE WITH UNITED STATES TRUSTEE
OPERATING REQUIREMENTS FOR
THE PERIOD ENDED NOVEMBER 30, 2004:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67598
) Chapter 11
) Judge: Marci B. McIvor
INTERMET U.S. HOLDING, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
X Operating Statement (Form 2)
X Balance Sheet (Form 3)
X Summary of Operations (Form 4)
X Monthly Cash Statement (Form 5)
X Statement of Compensation (Form 6)
X Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: DECEMBER 20, 2004 /s/ Robert E. Belts
-----------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- --------------
Title Phone
Intermet Corp. and Subsidiaries
Operating Statement
For the Month Ended 11-30-04
($000's)
CASE #04-67598
INTERMET U.S.
HOLDING
-----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales $ 6,426 $ 13,105
Cost of Goods Sold
Materials and Freight 2,437 4,917
Wages - Hourly 1,042 2,176
Wages-Salary 413 788
Employee Benefits and Pension 457 986
Repairs & Maintenance 244 651
Supplies 516 1,006
Utilities 588 1,206
Purchased Components/Services 399 735
Income(loss) from Pattern Sales 15 15
Fixed Asset - (gain/loss) - (76)
MIS Expense 42 119
Travel & Entertainment 4 9
Other Variable Costs 134 583
Depreciation & Amortization 556 1,112
Other Allocated Fixed Costs - -
Other Fixed Costs 159 321
-------- --------
Cost of Goods Sold 7,006 14,548
Gross Profit (579) (1,442)
Plant SG&A Expense (0) (0)
SG&A Expense - Allocation (Sched 1) 241 482
Other Operating Expenses - -
-------- --------
Total Operating Expenses 241 482
Operating Profit (820) (1,924)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (104) (177)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations
Other Income/(Expense) 1 14
-------- --------
Total Non-Operating Expenses (103) (163)
Income Before Income Taxes (924) (2,087)
Income Tax Expense 1 2
-------- --------
Net Income ($ 924) ($ 2,089)
======== ========
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs (November)
(Allocation of Corporate Costs to Filing Entities)
November
-----------
Officer Compensation $ 188,750
Salary Expense other Employees 1,017,948
Employee Benefits and Pension 132,427
Payroll Taxes 38,495
Other Taxes 759.01
Rent and Lease Expense 175,759
Interest Expense
Insurance 37,552
Automobile and Truck Expense 18,167
Utilities(Gas Electric,Phone) 6,437
Depreciation 88,493
Travel and Entertainment 50,237
Repairs and Maintenance 65,952
Advertising/Promotion 258
Supplies, Office Expense 25,936
OTHER:
Contributions 0
Professional Fees - Audit/Tax 131,192
Bank Fees 19,003
Public Reporting Fees 16,000
Employee Relocation/Training 1,880
Data Processing 33,902
Dues and Subscriptions 12,683
Outside Services 135,172
Project Development Costs net of Billings 64,668
Director Fees 25,333
Miscellaneous 2,896
Professional Fees - Bankruptcy 2,790,154
Cost Allocation - Out (172,737)
-----------
$ 4,907,317
===========
Allocation:
- ----------------------
Wagner Castings $ 177,312
Northern Castings 46,825
Ironton Iron 0
Lynchburg Foundry 179,333
Columbus Foundry 290,418
Wagner Havana 0
Intermet U.S. Holdings 240,779
Cast-Matic Corp. 76,250
Diversified Diemakers 239,650
Ganton Technologies 155,833
Tool Products 127,416
Intermet Corporation 3,373,501
----------
Total $4,907,317
==========
Intermet Corp. and Subsidiaries
Balance Sheet as Of 11-30-04
CASE #04-67598
--------------
INTERMET U.S.
HOLDING
---------
Cash And Equivalents $ 1
Accounts Receivable 11,909
Short-Term Intercompany Receivables 2,152
Inventories 6,243
Other Current Assets 267
---------
TOTAL CURRENT ASSETS 20,572
Land and Buildings 30,171
Machinery & Equipment 71,571
Construction In Progress 86
---------
Total Fixed Assets 101,828
Accumulated Depreciation (56,468)
---------
NET FIXED ASSETS 45,360
Investment In Subsidiaries 0
Investment In European Operations 0
Long-Term Intercompany Receivables 0
Deferred Taxes, Long-Term Asset 0
Other Assets 1,485
---------
TOTAL ASSETS $ 67,417
=========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 1,555
Wages and Salaries (See schedule) 257
Taxes Payable - (See schedule) 235
---------
TOTAL POST PETITION LIABILITIES 2,047
SECURED LIABILITIES:
SECURED BANK DEBT & IDR BONDS 0
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes 0
Accrued Tax - State 0
Accrued Property Taxes (38)
Accrued Workers Comp. 632
Accrued Payroll 94
Accrued Payroll Taxes
---------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 688
UNSECURED LIABILITIES
Accounts Payable 7,710
IDR Bonds 0
---------
TOTAL UNSECURED LIABILITIES 7,710
OTHER LIABILITIES
Accrued Liabilities 2,601
Short-Term Intercompany Payables 77
Capital Leases 0
Retirement Benefits 0
Deferred Taxes - Long-Term Liability 0
Other Long-Term Liabilities 0
Long-Term Intercompany Payables 26,297
---------
TOTAL LIABILITIES 39,420
Common Stock 5
Capital In Excess Of Par Value 54,495
Retained Earnings - Prepetition (24,414)
Retained Earnings - Post Petition (2,089)
Equity In European Operations 0
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
---------
TOTAL SHAREHOLDER EQUITY 27,997
---------
TOTAL LIABILITIES AND EQUITY $ 67,417
=========
PERIOD ENDED: 11-30-04 INTERMET U.S. HOLDING (COLUMBUS MACHINING) CASE #04-67598
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
10/31/2004 Withheld Deposits 11/30/04
---------- --------- ---------- ---------
Income tax withheld: Federal ($ 1,761) ($ 18,158) $ 17,162 ($ 2,757)
Income tax withheld: State (2,259) (9,684) 9,124 (2,819)
Income tax withheld: Local 0 0 0 0
FICA Withheld 3,061 (16,550) 15,943 2,454
Employers FICA (3,468) (16,550) 15,943 (4,075)
Unemployment Tax: Federal (1,446) (96) 94 (1,449)
Unemployment Tax: State (27,137) (314) 316 (27,136)
All Other Payroll W/H (2,732) (3,251) 2,303 (3,680)
State Taxes: Inc./Sales/Use/Excise 0 (1,500) 0 (1,500)
Property Taxes (18,266) (18,896) 0 (37,162)
Workers Compensation 0 0 0 0
--------- --------- --------- ---------
Total ($ 54,009) ($ 84,998) $ 60,884 ($ 78,123)
Wages and Salaries (20,495) (176,211) 175,294 (21,413)
--------- --------- --------- ---------
Grand Total ($ 74,504) ($261,209) $ 236,178 ($ 99,536)
========= ========= ========= =========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) Total 0-30 Days 30-60 Days Over 60 Days
Accounts Payable 294,093 94,158 187,963 11,971
Accounts Receivable 395,438 392,200 3,071 167
PERIOD ENDED: 11-30-04 INTERMET U.S. HOLDING CORP. (NEW RIVER) CASE #04-67598
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
10/31/2004 Withheld Deposits 11/30/04
----------- ----------- ----------- -----------
Income tax withheld: Federal $ 0 ($ 158,735) $ 158,735 $ 0
Income tax withheld: State 0 (56,201) 56,201 0
Income tax withheld: Local 0 0 0 0
FICA Withheld 0 (91,092) 91,092 0
Employers FICA (17,645) (96,194) 91,092 (22,747)
Unemployment Tax: Federal (20,938) (3,934) 0 (24,872)
Unemployment Tax: State (20,174) (11,405) 0 (31,579)
All Other Payroll W/H (20,189) (42,400) 40,585 (22,004)
State Taxes: Inc./Sales/Use/Excise (50,000) 28,889 11,111 (10,000)
Property Taxes (10,000) (10,000) 0 (20,000)
Workers Compensation 0 (25,000) 0 (25,000)
----------- ----------- ----------- -----------
Total ($ 138,947) ($ 466,071) $ 448,816 ($ 156,203)
Wages and Salaries (209,888) (854,098) 827,906 (236,080)
----------- ----------- ----------- -----------
Grand Total ($ 348,835) ($1,320,170) $ 1,276,722 ($ 392,283)
=========== =========== =========== ===========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) Total 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $ 1,261,036 $ 1,260,135 $ 75 $ 826
Accounts Receivable $11,717,816 $11,262,816 $ 206,000 $ 249,000
INTERMET CORPORATION AND SUBSIDIARIES PERIOD ENDED 11/30/2004
MONTHLY CASH STATEMENT
CASH ACTIVITY ANALYSIS: CASE # 04-67598
INTERMET U.S. HOLDING (COLUMBUS MACHINING)
-----------------------------------------------------------------------------------------------
ACCOUNT TYPE LOCKBOX 77420 DEPOSIT AP PR (HOURLY) PR (HOURLY) PR (SALARY) TOTAL
ACCOUNT # 1477713 5401086409 2770716450 2770716443 505156 2770716633
BANK BANK ONE STAN. FED. STAN. FED. STAN. FED. BANK ONE STAN. FED.
BEGINNING BANK BALANCE - - - - - - -
RECEIPTS 185,474 207,080 - - - - 392,554
TRANSFERS IN (CORPORATE) - - 273,883 43,588 134,204 47,416 499,091
DIP INFLOW - - - - - - -
DISBURSEMENTS - - (273,883) (43,588) (134,204) (47,416) (499,091)
TRANSFERS OUT (CORPORATE) (185,474) (207,080) - - - - (392,554)
DIP REPAYMENT - - - - - - -
-------- -------- -------- -------- -------- -------- --------
ENDING BANK BALANCE - - - - - - (0.00)
WIRES PAID FOR BY CORPORATE 58,446 58,446
CHECKS ISSUED 375,185
--------
TOTAL DISBURSEMENTS (SEE
TOTAL DISBURSEMENTS
RECONCILIATION) $433,631
========
OUTSTANDING CHECKS AS OF
OCTOBER 31 136,478
VOIDED CHECKS OUTSTANDING
AS OF OCTOBER 31 -
CHECKS ISSUED IN NOVEMBER 375,185
CHECK CLEARED IN NOVEMBER (273,883)
--------
OUTSTANDING CHECKS AS OF
NOVEMBER 30 (SEE OUTSTANDING
CHECKLIST) $237,780
========
INTERMET U.S. HOLDING, INC. (COLUMBUS MACHINING) CASE NO. 04-67598
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- ------------------------ -------------------
Adair's Machine $ 2,940
ADP 546
ADVANCE TECHNOLOGIES SE 18
AETNA US HEALTHCARE 1,434
AFLAC 2,303
ALL AMERICAN RECYCLING, 438
AMA LABELING 225
AMERICAN BUSINESS EQUIP 105
AMERICAN PRECISION TOOL 9,441
ATMOS ENERGY 139
BASKETS PLUS 76
BRADDOCK METALLURGICAL 8,572
CAIL TOOL 997
CASTROLHEAVY DUTY LUBRI 653
CENTRAL PACKAGING CORP 1,027
CHEMGARD, INC 359
CHOICEPOINT 25
CINTAS CORPORATION 133
COLUMBUS INDUSTRIAL SUP 1,535
COLUMBUS WATER WORKS 734
CUSTOM CRAFT TOOL SERVI 1,592
DAVID WILSON 69
DEXTER FASTENER TECH., 41,603
DOWDEL GAS, INC 679
FANUC AMERICA CORPORATI 1,937
FUTURE LEASING 136
G&K SERVICES 1,873
GE CAPITAL (GA) 2,049
GEORGIA CHILD SUPPORT 720
GEORGIA DEPT OF REVENUE 155
GEORGIA POWER COMPANY 20,721
GRAINGER 214
HAGEMEYER NORTH AMERICA 10,245
IMPECCABLE MACHINING 27,683
ITC DELTACOM 2,212
J & H MACHINE TOOLS INC 505
KENNAMETAL, INC 9,164
LAB SAFETY SUPPLY, INC 106
LINA 186
MATT'S WELDING 6,600
MILLER LANDSCAPING 1,427
MSC INDUSTRIAL SUPPLY 24
MUSCOGEE CO.TAX COMMISS 125,253
OKK 2,392
PROVIDENT LIFE AND ACCI 453
SIMPLEX GRINNELL 5,294
SOUTHEASTERN FOUNDRY PR 2,944
SOUTHERN STATES TOYOTAL 2,235
SPHERION CORPORATION 22,272
INTERMET U.S. HOLDING, INC. (COLUMBUS MACHINING) CASE NO. 04-67598
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- ------------------------ -------------------
STAFFING SOLUTIONS 981
THE OVERBY COMPANY 176
TRANSMAN 58,446
TRELLEBORG YSH, INC. 18,812
VERIZON WIRELESS COLUMB 1,231
VULCAN ELECTRO-COATING, 375
WEBER MARKING 88
YUSA CORPORATION 30,264
ZIEGLER TOOLS, INC. 814
--------
TOTALS $433,631
========
INTERMET U.S. HOLDING, INC.
CASE NO. 04-67598
AT 11/30/04
COLUMBUS MACHINING - NOVEMBER BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 237,780.30
Unadjusted GL Balance 238,689.80
-----------
Prepetition Check #77723 $ (909.50)
===========
INTERMET U.S. HOLDING, INC.
OUTSTANDING CHECKS
CASE NO. 04-67598
CHECK DATE OUTSTANDING
77732 10/1/2004 $ 83,501.98
78061 11/17/2004 155.40
78067 11/18/2004 275.00
78075 11/18/2004 761.25
78086 11/18/2004 76.00
78093 11/22/2004 695.52
78094 11/23/2004 657.51
78095 11/23/2004 186.02
78097 11/24/2004 2,939.50
78098 11/24/2004 135.90
78099 11/24/2004 273.02
78100 11/24/2004 1,177.21
78101 11/29/2004 1,488.29
78106 11/29/2004 2,260.84
78107 11/29/2004 1,357.82
78108 11/29/2004 1,773.86
78109 11/29/2004 10,919.66
78110 11/30/2004 836.17
78115 11/30/2004 1,068.90
78116 11/30/2004 1,700.00
78117 11/30/2004 125,252.96
78230 11/22/2004 287.49
-----------
Outstanding Checks $237,780.30
===========
INTERMET CORPORATION AND SUBSIDIARIES PERIOD ENDED 11/30/2004
MONTHLY CASH STATEMENT
CASH ACTIVITY ANALYSIS:
CASE # 04-67598
INTERMET U.S. HOLDINGS (NEW RIVER)
-----------------------------------------------------------------------------------------------
ACCOUNT TYPE LOCKBOX 771170 DEPOSIT AP PR (HOURLY) PR (SALARY) TOTAL
ACCOUNT # 291513 5401086417 2770716476 2770716468 2770716641
BANK Bank One Stan. Fed. Stan. Fed. Stan. Fed. Stan. Fed.
BEGINNING BANK BALANCE - - - - - -
RECEIPTS 1,783,335 4,742,332 - - - 6,525,668
TRANSFERS IN (CORPORATE) - - 1,728,835 1,022,785 347,660 3,099,280
DIP INFLOW - - - - - -
DISBURSEMENTS - - (1,728,835) (1,022,785) (347,660) (3,099,280)
TRANSFERS OUT (CORPORATE) (1,783,335) (4,742,332) - - - (6,525,668)
DIP REPAYMENT - - - - - -
---------- ---------- --------- ---------- -------- ----------
ENDING BANK BALANCE - - - - - -
WIRES PAID FOR BY CORPORATE 3,137,083 3,137,083
CHECKS ISSUED 1,880,970
----------
TOTAL DISBURSEMENTS
(SEE TOTAL DISBURSEMENTS
RECONCILIATION) $5,018,053
==========
OUTSTANDING CHECKS AS OF
OCTOBER 31 264,573
VOIDED CHECKS OUTSTANDING AS OF
OCTOBER 31 (12,667)
CHECKS ISSUED IN NOVEMBER 1,880,970
CHECK CLEARED IN NOVEMBER (1,728,835)
----------
OUTSTANDING CHECKS AS OF
NOVEMBER 30 (SEE OUTSTANDING
CHECKLIST) $ 404,041
==========
INTERMET U.S. HOLDING, INC. (NEW RIVER) CASE NO. 04-67598
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- ------------------------------ -------------------
ADVANCED CARBIDE TOOL $ 8,458
ADVANCED MOTOR SERVICES 1,404
ADVANCED TECH SERVICE BUREAU 200
AETNA US HEALTH CARE 8,645
AIR PRODUCTS & CHEMICAL 5,367
AIRGAS INC 921
ALLIED MINERAL PRODUCTS 21,274
ARAMARK UNIFORM SERVICE 453
ARCET 991
ASCOM HASLER MAILING SY 126
AT&T 3,120
ATMOS ENERGY 3,499
ATMOS ENERGY MARKETING 59,513
BANKS COMPANY INC. 2,165
BEST ONE TIRE 7,433
BLACKSBURG ENVIRONMENTAL SOLUT 4,900
BLUE RIDGE COPIER 727
BOB'S REFUSE SERVICE IN 916
CANON FINANCIAL 534
CARILION NRV MEDICAL CENTER 992
CAROLINA FIREBRICK SPEC 5,800
CARTER MACHINERY 7,508
CC METALS AND ALLOYS IN 44,186
CENTRAL VALLEY RUBBER S 12,611
CHAMPION CHISEL WORKS, 9,532
CHICAGO FREIGHT CAR LEA 15,000
CITICORP VENDOR FINANCE 444
CITY OF RADFORD 459,536
CITY OF RADFORD, TREASU 284,389
COMFORT INN RADFORD 1,176
COMMERCIAL STEEL ERECTI 19,000
COMMONWEALTH OF VIRGINIA 1,252
COMMONWEALTH OF VIRGINIA 25
CRANE AMERICA SERVICES 7,523
DALEY, DAVID M. 75
DAVID J JOSEPH COMPANY 1,896,000
DETEK INC. 675
DIDION INTERNATIONAL 40,560
DISA GOFF, INC 385
DISA INDUSTRIES, INC 169,007
DUBOIS FINISHING TECHNOLOGIES 3,218
E. F. SOUTHERN, JR. 815
EIRICH MACHINES 1,067
ELKEM METALS INC. 40,934
EMI EQUIPMENT MERCHANTS 13,040
EVANS,ROBERT D 63
FAIRLAWN STORAGE 149
FIRE EQUIPMENT CO.INC. 1,832
FLINT, JEREMY 70
INTERMET U.S. HOLDING, INC. (NEW RIVER) CASE NO. 04-67598
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- ----------------------------- -------------------
FOSECO INC. 47,755
FRENCH, LYDIA 359
GENERAL KINEMATICS 310
H.C. WADE 1,498
HA INTERNATIONAL, LLC 112,784
HAMLEY, JEFF 301
HART METALS, INC. 90,750
HEAT TREATING SERVICES 47,715
HEATH OIL LLC 6,139
HENLEY TOOL CORP. 650
HERAEUS ELECTRO NITE CO 1,898
HICKMAN, WILLIAMS AND CO 5
HIGHLAND PAGING 365
HILL AND GRIFFITH CO. 192,254
HOWELL, DOUG 500
INDUCTOTHERM CORP. 3,733
INDUSTRIAL POWDER COATI 61,658
INDUSTRIAL SUPPLY CORP 249,347
INTERNATIONAL SURFACE P 16
JOHN A STEER 524
KOINS CORPORATION 6,500
KWIK KAFE CO 128
LABORATORY CORP OF AMER 798
LAYTON, TOMMY 284
LECTROTHERM 29,409
LIFT ONE/DIVISION CAROL 7,219
LINA 74
MCC 18,491
MCELROY,JOHN C 872
METEC INC 11,250
METOKOTE CORPORATION 24,957
MILLER AND COMPANY LLC 365,326
MONTOGOMERY SANITATION 70
MOORE SPECIALTY 1,475
MORRIS MATERIAL HANDLIN 12,820
MOUNTAIN SPRINGS 185
MYOPTICS EYEWEAR 519
NEW RIVER GLASS 417
NEW RIVER SOLID WASTE M 57,636
NORFOLK SOUTHERN (NC) 1,220
NRV-SHRM 50
O'DELL, JOHN 2,686
PATTERN SERVICES 2,570
PEARSON, MURRAY 114
PORTER WARNER INDUSTRIE 17,725
POTOMAC ENVIRONMENTAL, 2,308
PROCHEM ANALYTICAL INCO 210
PROVIDENT LIFE 2,030
PSDI 2,000
RADFORD STORAGE 160
INTERMET U.S. HOLDING, INC. (NEW RIVER) CASE NO. 04-67598
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- ------------------------------ -------------------
RADIOLOGY CONSULTANTS I 67
REDDY ICE-CASSCO 156
REFCO INC 5,808
RENTAL SERVICE CORP (RS 1,213
RICHFIELD INDUSTRIES 9,363
ROBERTS SINTO CORPORATI 1,503
SAFETY & COMPLIANCE 800
SAF-GARD SAFETY SHOE CO 4,391
SANDMOLD SYSTEMS INC 190
SAVEITNOW 1,396
SECURITY FORCES INC 5,818
SECURITY SCALE SERVICE 7,706
SIMPSON, WILLIAM A 1,075
SOUTHWESTERN VA. GAS SE 29
SUBURBAN PROPANE 2,200
TATE ENGINEERING INC 679
TENNIN, THOMAS 240
THOMPSON CHRYSLER-PLYMO 69
THOMPSON,THERESA 285
TOMLIN, LINDA 135
TRANSMAN LOGISTICS 144,732
TWO WAY RADIO INC 195
UNITED INDUSTRIAL SERVI 16,838
UNITED REFRACTORIES COM 12,190
UNITED STATES POSTAL OFFICE 800
UNITED WAY CORPORATE GIFTS 750
UNITED WAY SAL 210
VA. DEPT OF TAXATION 9,682
VERIZON (17577) 4,810
VERIZON WIRELESS 72
W. MATTHEW SKEWES, MD 2,500
WADE, PERRY 115
WEDRON SILICA-FAIRMOUNT 107,466
WESTCAST INDUSTRIES 500
WESTMORELAND ADVANCED M 14,580
WHEELABRATOR ABRASIVES 75,570
WHITING CORPORATION 12,040
WILLIAM A. KIBBE & ASSO 390
WISE AIR, INC. 7,150
YALE INSPECTION SERVICE 8,765
----------
TOTALS $5,018,053
==========
INTERMET U.S. HOLDING, INC.
CASE NO. 04-67598
AT 11/30/04
NEW RIVER - NOVEMBER BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 404,040.75
Unadjusted GL Balance 404,040.75
-----------
Unreconciled Difference $ -
===========
NEW RIVER
OUTSTANDING CHECKS
CASE NO. 04-67598
CHECK DATE OUTSTANDING
103029 10/6/2004 $ 908.00
103044 11/24/2004 2,166.00
103122 10/14/2004 180.00
103351 11/2/2004 135.38
103475 11/11/2004 589.09
103544 11/16/2004 16,525.90
103599 11/18/2004 108.00
103610 11/18/2004 519.00
103612 11/18/2004 160.00
103627 11/19/2004 403.12
103636 11/19/2004 650.00
103654 11/19/2004 50.00
103658 11/19/2004 3,806.00
103661 11/19/2004 114.95
103684 11/22/2004 78.00
103693 11/24/2004 3,499.43
103696 11/24/2004 9,611.27
103697 11/24/2004 7,500.00
103700 11/24/2004 5,040.00
103705 11/24/2004 1,867.32
103707 11/24/2004 1,213.32
103710 11/24/2004 5,505.51
103713 11/24/2004 1,796.00
103715 11/24/2004 3,575.00
103716 11/24/2004 2,241.36
103717 11/24/2004 27,279.00
103732 11/29/2004 325.25
103735 11/29/2004 8,566.13
103737 11/29/2004 6,702.17
103738 11/29/2004 1,867.32
103739 11/29/2004 12,040.00
103754 11/30/2004 336.96
103769 11/30/2004 3,660.71
103773 11/30/2004 14,107.38
103774 11/30/2004 16.06
103775 11/30/2004 1,867.32
103776 11/30/2004 416.75
103777 11/30/2004 1,503.45
103780 11/30/2004 257,109.60
-----------
Outstanding Checks $404,040.75
===========
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: NOVEMBER 30, 2004
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: INTERMET U.S. HOLDING, INC. Capacity: ___ Shareholder
Case Number: 04-76598 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $ 0
Dated: DECEMBER 20, 2004 ________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Intermet Corporation and Subsidiaries Intermet U.S. Holding, Inc.
Schedule of In-Force Insurance Case Number: 04-67598
POLICY COVERAGE CARRIER POLICY PERIOD
- ----------------- -------------- ----------------
Property Lloyds 11/1/04-11/01/05
Boiler/Machine Hartford 11/1/04-11/01/05
Cargo Fireman's Fund 11/1/04-11/01/05
Truck Cargo Fireman's Fund 11/1/04-11/01/05
Aviation USAIG 11/1/04-11/01/05
Fiduciary St. Paul 11/1/04-11/01/05
Primary D&O St. Paul 11/1/04-11/01/05
Excess D&O Chubb 11/1/04-11/01/05
Side A Platte River 11/1/04-11/01/05
Crime Gulf 11/1/04-12/1/04
General Liability Liberty Mutual 11/1/04-12/22/04
Umbrella National Union 11/1/04-12/22/04
Work Comp Liberty Mutual 11/1/04-12/22/04
Excess Work Comp Liberty Mutual 11/1/04-12/22/04
Auto Liberty Mutual 11/1/04-12/22/04
Foreign (DIC) Liberty Mutual 11/1/04-12/22/04
UNITED STATES BANKRUPTCY COURT
FOR THE EASTERN DISTRICT OF MICHIGAN
TRANSMITTAL OF FINANCIAL REPORTS AND
CERTIFICATION OF COMPLIANCE WITH UNITED STATES TRUSTEE
OPERATING REQUIREMENTS FOR
THE PERIOD ENDED NOVEMBER 30, 2004:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67603
) Chapter 11
) Judge: Marci B. McIvor
IRONTON IRON, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
X Operating Statement (Form 2)
X Balance Sheet (Form 3)
X Summary of Operations (Form 4)
X Monthly Cash Statement (Form 5)
X Statement of Compensation (Form 6)
X Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and, (if not, attach written
explanation)
YES X NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES X NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES X NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES X NO [ ]
6. Have you filed your pre-petition tax returns. (If not, attach a written
explanation)
YES X NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: DECEMBER 20, 2004 /s/ Robert E. Belts
----------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- --------------
Title Phone
Intermet Corp. and Subsidiaries
Operating Statement
For the Month Ended 11-30-04
($000's)
CASE #04-67603
IRONTON
IRON
----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales $ 0 $ 0
Cost of Goods Sold
Materials and Freight - -
Wages - Hourly - -
Wages-Salary - -
Employee Benefits and Pension - -
Repairs & Maintenance - -
Supplies - -
Utilities - -
Purchased Components/Services - -
Income(loss) from Pattern Sales - -
Fixed Asset - (gain/loss) - -
MIS Expense - -
Travel & Entertainment - -
Other Variable Costs 10 21
Depreciation & Amortization - -
Other Allocated Fixed Costs - -
Other Fixed Costs - -
------------- ------------------
Cost of Goods Sold 10 21
Gross Profit (10) (21)
Plant SG&A Expense - -
SG&A Expense - Allocation (Sched 1) - -
Other Operating Expenses - -
------------- ------------------
Total Operating Expenses - -
Operating Profit (10) (21)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) - -
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations
Other Income/(Expense) - -
------------- ------------------
Total Non-Operating Expenses - -
Income Before Income Taxes (10) (21)
Income Tax Expense -
------------- ------------------
Net Income $ (10) $ (21)
============= ==================
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs (November)
(Allocation of Corporate Costs to Filing Entities)
November
----------
Officer Compensation $ 188,750
Salary Expense other Employees 1,017,948
Employee Benefits and Pension 132,427
Payroll Taxes 38,495
Other Taxes 759.01
Rent and Lease Expense 175,759
Interest Expense
Insurance 37,552
Automobile and Truck Expense 18,167
Utilities(Gas Electric,Phone) 6,437
Depreciation 88,493
Travel and Entertainment 50,237
Repairs and Maintenance 65,952
Advertising/Promotion 258
Supplies, Office Expense 25,936
OTHER:
Contributions 0
Professional Fees - Audit/Tax 131,192
Bank Fees 19,003
Public Reporting Fees 16,000
Employee Relocation/Training 1,880
Data Processing 33,902
Dues and Subscriptions 12,683
Outside Services 135,172
Project Development Costs net of Billings 64,668
Director Fees 25,333
Miscellaneous 2,896
Professional Fees - Bankruptcy 2,790,154
Cost Allocation - Out (172,737)
----------
$4,907,317
==========
Allocation:
Wagner Castings $ 177,312
Northern Castings 46,825
Ironton Iron 0
Lynchburg Foundry 179,333
Columbus Foundry 290,418
Wagner Havana 0
Intermet U.S. Holdings 240,779
Cast-Matic Corp. 76,250
Diversified Diemakers 239,650
Ganton Technologies 155,833
Tool Products 127,416
Intermet Corporation 3,373,501
----------
Total $4,907,317
==========
Intermet Corp. and Subsidiaries
Balance Sheet as Of 11-30-04
CASE #04-67603
IRONTON
IRON
--------------
Cash And Equivalents $ 0
Accounts Receivable 0
Short-Term Intercompany Receivables 0
Inventories 0
Other Current Assets 0
--------------
TOTAL CURRENT ASSETS 0
Land and Buildings 0
Machinery & Equipment 0
Construction In Progress 0
--------------
Total Fixed Assets 0
Accumulated Depreciation 0
--------------
NET FIXED ASSETS 0
Investment In Subsidiaries 0
Investment In European Operations 0
Long-Term Intercompany Receivables 0
Deferred Taxes, Long-Term Asset 0
Other Assets 341
--------------
TOTAL ASSETS $ 341
==============
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 0
Wages and Salaries (See schedule) 0
Taxes Payable - (See schedule) 0
--------------
TOTAL POST PETITION LIABILITIES 0
SECURED LIABILITIES:
SECURED BANK DEBT & IDR BONDS 0
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes 0
Accrued Tax - State 0
Accrued Property Taxes 0
Accrued Workers Comp. 751
Accrued Payroll 0
Accrued Payroll Taxes
--------------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 751
UNSECURED LIABILITIES
Accounts Payable 1
IDR Bonds 0
--------------
TOTAL UNSECURED LIABILITIES 1
OTHER LIABILITIES
Accrued Liabilities 0
Short-Term Intercompany Payables 0
Capital Leases 0
Retirement Benefits 0
Deferred Taxes - Long-Term Liability 0
Other Long-Term Liabilities 0
Long-Term Intercompany Payables 33,295
--------------
TOTAL LIABILITIES 34,047
Common Stock 0
Capital In Excess Of Par Value 49,000
Retained Earnings - Prepetition (82,685)
Retained Earnings - Post Petition (21)
Equity In European Operations 0
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
--------------
TOTAL SHAREHOLDER EQUITY (33,706)
--------------
TOTAL LIABILITIES AND EQUITY $ 341
==============
PERIOD ENDED: 11-30-04 IRONTON IRON, INC. CASE #04-67603
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
10/31/2004 Withheld Deposits 11/30/04
---------- --------- ---------- --------
Income tax withheld: Federal $ 0 $ 0 $ 0 $ 0
Income tax withheld: State $ 0 $ 0 $ 0 $ 0
Income tax withheld: Local $ 0 $ 0 $ 0 $ 0
FICA Withheld $ 0 $ 0 $ 0 $ 0
Employers FICA $ 0 $ 0 $ 0 $ 0
Unemployment Tax: Federal $ 0 $ 0 $ 0 $ 0
Unemployment Tax: State $ 0 $ 0 $ 0 $ 0
All Other Payroll W/H $ 0 $ 0 $ 0 $ 0
$ 0 $ 0 $ 0 $ 0
State Taxes: Inc./Sales/Use/Excise $ 0 $ 0 $ 0 $ 0
Property Taxes $ 0 $ 0 $ 0 $ 0
$ 0
Workers Compensation 0 0 0 0
---------- --------- ---------- --------
Total $ 0 $ 0 $ 0 $ 0
Wages and Salaries 0 0 0 0
---------- --------- ---------- --------
Grand Total $ 0 $ 0 $ 0 $ 0
========== ========= ========== ========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $ 0 $ 0 $ 0
Accounts Receivable $ 0 $ 0 $ 0
MONTHLY CASH STATEMENT
Period Ending: NOVEMBER 30, 2004
IRONTON IRON, INC.
Case Number: 04-67603
CASH ACTIVITY ANALYSIS (CASH BASIS ONLY):
General Payroll Tax Cash Coll. Petty Cash
Acct. Acct. Acct. Acct. Acct.
A. Beginning Balance _____ _____ _____ _____ _____
B. Receipts _____ _____ _____ _____ _____
(Attach separate schedule)
C. Balance Available _____ _____ _____ _____ _____
(A+B)
D. Less Disbursements _____ _____ _____ _____ _____
(Attach separate schedule)
E. Ending Balance N/A - COMPANY HAS NO BANK ACCOUNT
(C-D)
(PLEASE ATTACH COPIES OF MOST RECENT RECONCILED BANK STATEMENTS FROM
EACH ACCOUNT)
General Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Payroll Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Tax Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Other monies on hand (specify type and location) i.e., CD's, bonds, etc.:
____________________________________________________________________________
____________________________________________________________________________
Date: DECEMBER 20, 2004 _________________________________
Debtor in Possession
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: NOVEMBER 30, 2004
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: IRONTON IRON, INC. Capacity: ___ Shareholder
Case Number: 04-67603 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $ 0
Dated: DECEMBER 20, 2004 ________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Intermet Corporation and Subsidiaries Ironton Iron, Inc.
Schedule of In-Force Insurance Case Number: 04-67603
POLICY COVERAGE CARRIER POLICY PERIOD
- ----------------- -------------- ----------------
Property Lloyds 11/1/04-11/01/05
Boiler/Machine Hartford 11/1/04-11/01/05
Cargo Fireman's Fund 11/1/04-11/01/05
Truck Cargo Fireman's Fund 11/1/04-11/01/05
Aviation USAIG 11/1/04-11/01/05
Fiduciary St. Paul 11/1/04-11/01/05
Primary D&O St. Paul 11/1/04-11/01/05
Excess D&O Chubb 11/1/04-11/01/05
Side A Platte River 11/1/04-11/01/05
Crime Gulf 11/1/04-12/1/04
General Liability Liberty Mutual 11/1/04-12/22/04
Umbrella National Union 11/1/04-12/22/04
Work Comp Liberty Mutual 11/1/04-12/22/04
Excess Work Comp Liberty Mutual 11/1/04-12/22/04
Auto Liberty Mutual 11/1/04-12/22/04
Foreign (DIC) Liberty Mutual 11/1/04-12/22/04
UNITED STATES BANKRUPTCY COURT
FOR THE EASTERN DISTRICT OF MICHIGAN
TRANSMITTAL OF FINANCIAL REPORTS AND
CERTIFICATION OF COMPLIANCE WITH UNITED STATES TRUSTEE
OPERATING REQUIREMENTS FOR
THE PERIOD ENDED NOVEMBER 30, 2004:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67606
) Chapter 11
) Judge: Marci B. McIvor
LYNCHBURG FOUNDRY, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
X Operating Statement (Form 2)
X Balance Sheet (Form 3)
X Summary of Operations (Form 4)
X Monthly Cash Statement (Form 5)
X Statement of Compensation (Form 6)
X Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and, (if not, attach written
explanation)
YES X NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES X NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES X NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES X NO [ ]
6. Have you filed your pre-petition tax returns. (If not, attach a written
explanation)
YES X NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: DECEMBER 20, 2004 /s/ Robert E. Belts
-----------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- ---------------
Title Phone
Intermet Corp. and Subsidiaries
Operating Statement
For the Month Ended 11-30-04
($000's)
CASE #04-67606
LYNCHBURG
FOUNDRY
-----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales $ 6,624 $ 14,755
Cost of Goods Sold
Materials and Freight 3,436 7,732
Wages - Hourly 1,190 2,550
Wages-Salary 340 660
Employee Benefits and Pension 978 1,856
Repairs & Maintenance 623 977
Supplies 560 1,148
Utilities 252 497
Purchased Components/Services 259 524
Income(loss) from Pattern Sales (1) (0)
Fixed Asset - (gain/loss) - -
MIS Expense 36 77
Travel & Entertainment 2 2
Other Variable Costs 215 554
Depreciation & Amortization 213 427
Other Allocated Fixed Costs - -
Other Fixed Costs 127 251
------------- ------------------
Cost of Goods Sold 8,229 17,254
Gross Profit (1,606) (2,500)
Plant SG&A Expense 0 0
SG&A Expense - Allocation (Sched 1) 179 358
Other Operating Expenses - -
------------- ------------------
Total Operating Expenses 179 358
Operating Profit (1,785) (2,858)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (30) (41)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations
Other Income/(Expense) 0 0
------------- ------------------
Total Non-Operating Expenses (30) (41)
Income Before Income Taxes (1,815) (2,899)
Income Tax Expense - -
------------- ------------------
Net Income $ (1,815) $ (2,899)
============= ==================
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs (November)
(Allocation of Corporate Costs to Filing Entities)
November
----------
Officer Compensation $ 188,750
Salary Expense other Employees 1,017,948
Employee Benefits and Pension 132,427
Payroll Taxes 38,495
Other Taxes 759.01
Rent and Lease Expense 175,759
Interest Expense
Insurance 37,552
Automobile and Truck Expense 18,167
Utilities(Gas Electric,Phone) 6,437
Depreciation 88,493
Travel and Entertainment 50,237
Repairs and Maintenance 65,952
Advertising/Promotion 258
Supplies, Office Expense 25,936
OTHER:
Contributions 0
Professional Fees - Audit/Tax 131,192
Bank Fees 19,003
Public Reporting Fees 16,000
Employee Relocation/Training 1,880
Data Processing 33,902
Dues and Subscriptions 12,683
Outside Services 135,172
Project Development Costs net of Billings 64,668
Director Fees 25,333
Miscellaneous 2,896
Professional Fees - Bankruptcy 2,790,154
Cost Allocation - Out (172,737)
----------
$4,907,317
==========
Allocation:
Wagner Castings $ 177,312
Northern Castings 46,825
Ironton Iron 0
Lynchburg Foundry 179,333
Columbus Foundry 290,418
Wagner Havana 0
Intermet U.S. Holdings 240,779
Cast-Matic Corp. 76,250
Diversified Diemakers 239,650
Ganton Technologies 155,833
Tool Products 127,416
Intermet Corporation 3,373,501
----------
Total $4,907,317
==========
Intermet Corp. and Subsidiaries
Balance Sheet as Of 11-30-04
CASE #04-67606
--------------
LYNCHBURG
FOUNDRY
--------------
Cash And Equivalents $ 0
Accounts Receivable 5,193
Short-Term Intercompany Receivables 6
Inventories 4,707
Other Current Assets 4
--------------
TOTAL CURRENT ASSETS 9,910
Land and Buildings 21,069
Machinery & Equipment 60,870
Construction In Progress 296
--------------
Total Fixed Assets 82,235
Accumulated Depreciation (66,871)
--------------
NET FIXED ASSETS 15,364
Investment In Subsidiaries 0
Investment In European Operations 0
Long-Term Intercompany Receivables 4,977
Deferred Taxes, Long-Term Asset 0
Other Assets 232
--------------
TOTAL ASSETS $ 30,483
==============
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 377
Wages and Salaries (See schedule) 529
Taxes Payable - (See schedule) 176
--------------
TOTAL POST PETITION LIABILITIES 1,082
SECURED LIABILITIES:
SECURED BANK DEBT & IDR BONDS 0
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes 0
Accrued Tax - State 0
Accrued Property Taxes 0
Accrued Workers Comp. 2,073
Accrued Payroll 0
Accrued Payroll Taxes
--------------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 2,073
UNSECURED LIABILITIES
Accounts Payable 7,574
IDR Bonds 0
--------------
TOTAL UNSECURED LIABILITIES 7,574
OTHER LIABILITIES
Accrued Liabilities 2,815
Short-Term Intercompany Payables 11
Capital Leases 0
Retirement Benefits (925)
Deferred Taxes - Long-Term Liability 0
Other Long-Term Liabilities 2,341
Long-Term Intercompany Payables 0
--------------
TOTAL LIABILITIES 14,971
Common Stock 0
Capital In Excess Of Par Value 0
Retained Earnings - Prepetition 18,411
Retained Earnings - Post Petition (2,899)
Equity In European Operations 0
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
--------------
TOTAL SHAREHOLDER EQUITY 15,512
--------------
TOTAL LIABILITIES AND EQUITY $ 30,483
==============
PERIOD ENDED: 11-30-04 LYNCHBURG FOUNDRY (ARCHER CREEK) CASE #04-67606
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
10/31/2004 Withheld Deposits 11/30/04
---------- ----------- ---------- ---------
Income tax withheld: Federal $ 0 $ (193,274) $ 198,826 $ 5,552
Income tax withheld: State 0 (74,272) 81,721 7,449
Income tax withheld: Local 0 0 0 0
FICA Withheld (760) (121,516) 132,136 9,860
Employers FICA (56,671) (137,426) 132,136 (61,960)
Unemployment Tax: Federal (7,462) (245) 0 (7,707)
Unemployment Tax: State (15,927) (1,430) 0 (17,357)
All Other Payroll W/H (30,846) (85,328) 86,258 (29,916)
State Taxes: Inc./Sales/Use/Excise (39,750) (5,458) 831 (44,376)
Property Taxes (26,637) (26,895) 53,270 (262)
Workers Compensation (35,500) 0 0 (35,500)
---------- ----------- ---------- ---------
Total $ (213,552) $ (645,844) $ 685,179 $(174,217)
Wages and Salaries (494,844) (1,623,020) 1,588,452 (529,412)
---------- ----------- ---------- ---------
Grand Total $ (708,396) $(2,268,864) $2,273,631 $(703,629)
========== =========== ========== =========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) Total 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $ 377,171 $ 313,446 $ 63,725 $ 0
Accounts Receivable $5,530,928 $ 5,440,559 $ 71,356 $ 19,013
PERIOD ENDED: 11-30-04 LYNCHBURG FOUNDRY (RADFORD) CASE #04-67606
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
10/31/2004 Withheld Deposits 11/30/04
---------- ----------- ---------- ---------
Income tax withheld: Federal $ 0 $ (1,446) $ 1,446 $ 0
Income tax withheld: State 0 (629) 629 0
Income tax withheld: Local 0 0 0 0
FICA Withheld 0 (1,012) 1,012 0
Employers FICA 0 (1,012) 1,012 0
Unemployment Tax: Federal 0 0 0 0
Unemployment Tax: State 0 0 0 0
All Other Payroll W/H (1,296) (1,321) 855 (1,762)
State Taxes: Inc./Sales/Use/Excise 0 0 0 0
Property Taxes 0 (491) 0 (491)
Workers Compensation 0 0 0 0
---------- ----------- ---------- ---------
Total $ (1,296) $ (5,911) $ 4,954 $ (2,254)
Wages and Salaries (832) 832 0 0
---------- ----------- ---------- ---------
Grand Total $ (2,128) $ (5,079) $ 4,954 $ (2,254)
========== =========== ========== =========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days Total 0-30 Days 30-60 Days Over 60 Days
Accounts Payable - Post Petition $ 0 $ 0 $ 0
Accounts Receivable -Pre & Post $ 0 $ 0 121,354.20
INTERMET CORPORATION AND SUBSIDIARIES PERIOD ENDED 11/30/2004
MONTHLY CASH STATEMENT
CASH ACTIVITY ANALYSIS:
CASE # 04-67606
LYNCHBURG FOUNDRIES - ARCHER CREEK
--------------------------------------------------------------------------------
ACCOUNT TYPE LOCKBOX 77314 DEPOSIT AP PR (HOURLY) PR (SALARY)
ACCOUNT # 1599583 5401086466 2770716393 2770716385 2770716690
BANK Bank One Stan. Fed. Stan. Fed. Stan. Fed. Stan. Fed. Total
BEGINNING BANK BALANCE - - - - - -
RECEIPTS 902 3,656,344 - 1 - 3,657,247
TRANSFERS IN (CORPORATE) - - 1,502,749 1,544,752 312,380 3,359,881
DIP INFLOW - - - - - -
DISBURSEMENTS - - (1,502,749) (1,544,753) (312,380) (3,359,882)
TRANSFERS OUT (CORPORATE) (902) (3,656,344) - - - (3,657,246)
DIP REPAYMENT - - - - - -
------------- ---------- ---------- ----------- ----------- ----------
ENDING BANK BALANCE - - - - - 0.00
WIRES PAID FOR BY CORPORATE 4,481,462 4,481,462
CHECKS ISSUED 1,440,540
----------
TOTAL DISBURSEMENTS (SEE
TOTAL DISBURSEMENTS
RECONCILIATION) $5,922,002
==========
OUTSTANDING CHECKS AS OF
OCTOBER 31 445,324
VOIDED CHECKS OUTSTANDING AS OF
OCTOBER 31 -
CHECKS ISSUED IN NOVEMBER 1,440,540
CHECK CLEARED IN NOVEMBER (1,502,441) $ 308.79 related to prepetition checks
---------- clearing.
OUTSTANDING CHECKS AS OF
NOVEMBER 30 (SEE
OUTSTANDING CHECKLIST) $ 383,423
==========
LYNCHBURG FOUNDRY, INC.(ARCHER CREEK) CASE NO. 04-67606
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- ------------------------------- -------------------
ACADEMY OF FINE ARTS $ 200
ADVANCE MACHINE & ENG CO. 1,089
ADVANCED CARBIDE TOOL 2,743
ADVANCED TECH. SERVICE BUREAU 200
AETNA U.S. HEALTHCARE 13,510
AFP INDUSTRIES 647
AIRGAS MID-AMERICA 1,417
ALABAMA BY-PRODUCTS 390,121
ALLOR MFG 2,751
ALLTEL 290
AMERICAN & OHIO LOCOMOTIVE 2,213
AMERICAN CANCER SOCIETY 100
AMERICAN ELECTRIC MOTORS 1,062
AMERICAN ELECTRIC POWER 129,555
AMERICAN HEART ASSOCIATION 500
AMERIGAS - LYNCHBURG-MONROE 10,400
AMX PERFORMANCE CO 530
AP GREEN INDUSTRIES 6,509
APPARATUS REPAIR SERVICES 1,700
APPLIED IND. TECHNOLOGIES 15,152
APPOMATTOX GLASS & STOREFRONT 250
ARAMARK UNIFORM SERVICES 2,569
ARCET EQUIPMENT 1,356
ATLANTIC COAST TOYOTALIFT 1,054
ATL-EAST TAG & LABEL 1,020
AUTOCOM MANUFACTURING 242,516
AUTOMOTIVE NEWS 139
BANKS COMPANY 2,221
BARKER-JENNINGS 8,042
BEARDSLEY & PIPER 377
BFI 20,000
BLUE RIDGE AREA FOOD BANK 300
BMG METALS 5,566
BOULEVARD PROPERTIES 821
BOXLEY AGGREGATES 1,995
BRAMMER SAFETY SUPPLY 8,034
BRC COMPANY 14,636
BRENNTAG SOUTHEAST 3,160
BWI DISTRIBUTION, INC 1,310
C. H. ROBINSON WORLDWIDE, INC 3,000
CAMPBELL COUNTY TREASURER 47,527
CAMPBELL-PAYNE 480
CANDLER OIL 20,294
CAPP, INC. 77
CARLTON GROUP 3,323
CAROLINA FIREBRICK SPEC. 25,975
CARTER MACHINERY 108
CC METALS & ALLOYS 129,918
CENTRAL VA FAMILY PHYSICIANS 343
CHAMBERS, EUGENE 100
LYNCHBURG FOUNDRY, INC.(ARCHER CREEK) CASE NO. 04-67606
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- ------------------------------- -------------------
CHAMPION CHISEL WORKS 3,295
CHARLOTTE GEN DISTRICT COURT 172
CHICAGO FREIGHT CAR LEASING 7,155
CITY OF LYNCHBURG 855
CLARENCE E. WILLIAMS 5,594
COLUMBIA GAS 41,743
COLUMBIA MARKING TOOLS 504
COMMERCIAL GLASS & PLASTICS 90
COMPRESSOR ENGINEERING CORP 71
CONCORD RESCUE SQUAD 1,500
CONSUMER DORIN ADAMS 10,355
CONTROL CHIEF CORP 492
CONTROL EQUIPMENT CO 2,813
CRANE AMERICA SERVICES 455
CROSS SALES & ENGINEERING 1,105
DAVID J. JOSEPH 2,941,000
DETEK 1,360
DM&E RAILROAD 52,252
DODSON BROS. EXTERMINATING 177
DYKE, GEORGE 100
EAGLITE CHEMICALS 1,936
ECK SUPPLY 6,913
ELECTRONICS REPAIR CENTER 2,275
ELKEM METALS 74,520
ELY CRANE AND HOIST 30,400
EMLEX CONSTRUCTION 88,715
ENGINEERING CHEMISTRY 841
EQUIPMENT MERCHANTS 32,820
EQUIPMENT MERCHANTS 2,295
EUTECTIC CORPORATION 636
EXCEL TECHNOLOGIES 104
F & S FINANCIAL MARKETING 821
FAMILY SUPPORT REGISTRY 529
FEARS UPHOLSTERY SHOP 100
FEI LYNCHBURG #75 104
FERBEE-JOHNSON CO 5,841
FIRE & SAFETY EQUIPMENT 1,380
FISHER AUTO PARTS 729
FOLKS, MELANIE 808
FOSECO 59,762
FOSTER ELECTRIC CO 1,971
FREEMAN MFG & SUPPLY 156
FRISCHKORN, INC 94
G.E. CAPITAL 7,108
GAS EQUIPMENT SUPPLY CO 50
GEE, KIRKLIN 57
GENERAL KINEMATICS 1,946
GEORGE W. MAYS 5,227
GLOBAL STONE JAMES RIVER 4,000
GLOBE METALLURGICAL 189,005
LYNCHBURG FOUNDRY, INC.(ARCHER CREEK) CASE NO. 04-67606
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- ------------------------------- -------------------
GRABEEL, DANIEL E. 1,856
HA INTERNATIONAL 34,283
HAJOCA CORPORATION 1,672
HARBISON-WALKER REFRACTORIES 5,067
HERAEUS ELECTRO-NITE CO 7,903
HERBERT L. BESKIN 7,036
HILL AND GRIFFITH 47,165
HOPKINS, WILLIAM D 244
I.A.M. NATIONAL PENSION FUND 2,100
INDUSTRIAL SUPPLY CORP 56,881
INTEGRATED MOTION 1,300
INTERNATIONAL ASSOC 424
INT-L SURFACE CORPORATION 3,356
ISCO 3,625
JACKSON WANDA K 397
JAMES D. ENGLISH 11,116
JAMES RIVER EQUIPMENT 6,202
JAMES T. DAVIS 1,439
JDN LEASING 7,000
JEFFERSON GALLERIES 1,888
JESUS BARAJAS CARLOS 2,415
JOHNSON DIVERSE/DUBOIS 3,218
JOHNSTON, INC 300
KENT RUDBECK 480
KEYENCE CORP. OF AMERICA 329
KINDT COLLINS CO 336
L. B. SMITH INC 177
LAKES, KEVIN 131
LAWRENCE EQUIPMENT 1,377
LEWIS, ANGELA V. 369
LINDA TOMLIN 1,285
LIVINGSTON AND HAVEN 628
LYNCHBURG BRANCH NAACP 375
M.D. MOODY & SONS 377
MACDERMID INC 169
MAGNETEK INDUSTRIAL CONTROLS 465
MASTER GAGE 1,900
MAYBERRY, SUSIE 928
MCBRIDE BLACKBURN OPTICIANS 190
MECHANICAL POWER 3,440
MELLOT ENTERPRISES 1,160
METSO MINTERALS IND 7,748
MG WELDING SYSTEMS 333
MIDWESCO, INC 17,643
MILLER AND COMPANY LLC 165,351
MOORE'S MACHINE CO 17,626
MORRISETTE PAPER CO 443
MOTION INDUSTRIES 15,273
NATIONAL AUTO PARTS 1,052
NOEL SYSTEMS 96
LYNCHBURG FOUNDRY, INC.(ARCHER CREEK) CASE NO. 04-67606
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- ------------------------------- -------------------
OMNISOURCE FT WAYNE 59,640
PALLETONE OF VA 5,039
PATCHELL, KENNETH R. 214
PATRICK HENRY BOYS & GIRLS 280
PGS, INC 375
PIEDMONT FOUNDRY SUPPLY 165,223
PORTER WARNER IND 16,990
POTOMAC ENVIRONMENTAL 836
POWELL'S TRUCK & EQUIPMENT 76
PRECISION HYDRAULICS CO 9,512
PROFORMA 2,424
QSI, INC 261
R.I. LAMPUS 56,964
RAGE BULK SYSTEM LTD. 1,898
RAMSEY, MARTHA 817
REBECCA B. CONNELLY 600
REXEL 2,184
RICHMOND SECURITY SERVICES 9,396
RUBLE, GAIL 93
SAFETY-KLEEN 396
SALEM TOOLS 1,676
SALVATION ARMY 300
SERVICE PRINTING 500
SHANAFELT MFG 7,178
SHEPHERDS FABRICS & SUPLS 53
SIMMS, DAVID 2,299
SMITH SERVICES 28,351
SOUTHERN AIR 1,410
SOUTHERN MAINTENANCE SUPPLY 2,401
SOUTHSIDE FINANCIAL SERVICES 668
SPECIALTY FOUNDRY PRODUCTS 7,879
STAHL, INC 676
STERICYCLE INC 299
SUPERIOR GRAPHITE 20,093
T. H. COMMUNICATIONS 460
TAYLOR BROTHERS 1,445
TENNANT COMPANY 250
THE MASA CORP 765
THOMPSON TRUCKING 30,590
TICE - ANDERSON, PATSY 70
TOMLIN, JOSEPH E. 5,072
TRANSFORMER ELECTRIC CO 4,100
TRANSMAN 38,329
TREASURER OF VA 16,876
TUSCOLA SAGINAW BAY RAILWAY 62,118
UGS PLM SOLUTIONS 189
UMETCO INC 38,430
UNITED HYDRAULICS INC 8,105
UNITED RENTALS 800
UNITED WAY OF CENTRAL VA 1,993
LYNCHBURG FOUNDRY, INC.(ARCHER CREEK) CASE NO. 04-67606
CASH DISBURSEMENTS
NOVEMBER 2004
Vendor Total Disbursements
- ------------------------------- -------------------
VA CAROLINA BELTING 9,600
VA DEPT OF TAX 1,081
VA FLUID POWER 278
VALLEY FASTENERS 2,224
VBS 3,404
VERIZON 1,969
VIRGINIA POWER ENERGY MARKETING 59,755
W.E.L. ENTERPRISES 10,193
WENDT DUNNINGTON 348
WESTERN BRANCH DIESEL 105
WEXFORD SAND COMPANY 8,816
WHEELABRATOR ABRASIVES 30,580
WINGFOOT LLC TIRE SYSTEMS 1,832
XEROX CORPORATION 1,236
XPEDX 6,321
X-RITE 79
YALE INSPECTION SERVICES 1,596
-------------------
TOTALS $ 5,922,002
===================
LYNCHBURG FOUNDRY
CASE NO. 04-67606
AT 11/30/04
ARCHER CREEK - NOVEMBER BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 383,423.32
Unadjusted GL Balance 337,370.99
----------
Manual checks cut in November and not booked
until December. Rectified in December. $46,052.33
==========
ARCHER CREEK
OUTSTANDING CHECKS
CASE NO. 04-67606
CHECK DATE OUTSTANDING
15418 10/8/2004 28.35
15419 10/8/2004 85.61
15421 10/8/2004 28.35
15430 10/11/2004 52.67
15447 10/14/2004 42.76
15452 10/15/2004 296.64
15470 10/15/2004 518.33
15555 10/22/2004 48.50
15703 11/4/2004 71.19
15728 11/5/2004 335.59
15747 11/5/2004 820.77
15753 11/5/2004 945.22
15761 11/5/2004 42.15
15796 11/10/2004 400.00
15798 11/10/2004 23.68
15830 11/12/2004 2,415.00
15840 11/12/2004 958.26
15858 11/12/2004 667.82
15875 11/15/2004 332.08
15876 11/15/2004 20.91
15877 11/15/2004 2,376.00
15879 11/15/2004 1,445.00
15882 11/15/2004 869.40
15884 11/15/2004 1,159.69
15886 11/15/2004 27.12
15887 11/15/2004 2,369.08
15895 11/16/2004 566.73
15902 11/17/2004 375.26
15909 11/17/2004 189.83
15911 11/17/2004 1,966.85
15912 11/17/2004 210.07
15914 11/18/2004 495.00
15929 11/18/2004 2,143.98
15960 11/18/2004 347.75
15964 11/18/2004 343.00
15967 11/18/2004 1,856.18
15975 11/18/2004 255.44
15981 11/18/2004 11.30
15982 11/18/2004 737.57
15986 11/18/2004 25,975.00
15988 11/18/2004 41,742.50
15995 11/19/2004 1,277.10
15997 11/19/2004 879.06
15998 11/19/2004 300.00
15999 11/19/2004 600.00
16000 11/19/2004 220.00
16001 11/19/2004 110.00
16002 11/19/2004 731.64
16003 11/22/2004 5,992.22
16006 11/22/2004 14,065.00
16007 11/22/2004 3,625.00
16009 11/22/2004 1,208.46
16010 11/22/2004 6,976.40
16011 11/22/2004 177.00
16012 11/22/2004 617.76
OUTSTANDING CHECK LIST
CHECK DATE OUTSTANDING
16013 11/22/2004 355.65
16014 11/22/2004 1,310.00
16015 11/22/2004 76.30
16016 11/22/2004 278.11
16017 11/22/2004 249.78
16018 11/22/2004 140.34
16021 11/22/2004 328.00
16024 11/23/2004 2,184.00
16025 11/23/2004 34,131.97
16026 11/23/2004 106.00
16027 11/23/2004 360.00
16028 11/23/2004 110.00
16029 11/23/2004 11.34
16030 11/23/2004 1,339.40
16031 11/23/2004 638.85
16032 11/24/2004 2,055.00
16047 11/24/2004 371.31
16048 11/24/2004 90.00
16050 11/24/2004 275.25
16051 11/24/2004 840.50
16052 11/24/2004 199.78
16054 11/24/2004 94.29
16059 11/24/2004 3,500.00
16061 11/24/2004 3,439.74
16064 11/24/2004 236.52
16066 11/24/2004 675.86
16067 11/24/2004 189.00
16068 11/24/2004 5,186.79
16069 11/24/2004 800.00
16070 11/24/2004 718.36
16071 11/24/2004 5,062.50
16075 11/24/2004 7,036.00
16077 11/24/2004 11,116.22
16080 11/24/2004 600.00
16081 11/24/2004 93.16
16082 11/24/2004 84.38
16083 11/24/2004 4,358.76
16084 11/24/2004 1,992.75
16087 11/24/2004 50.00
16088 11/24/2004 50.00
16089 11/24/2004 47,526.85
16092 11/24/2004 260.00
16093 11/24/2004 444.62
16094 11/24/2004 854.74
16095 11/24/2004 13.51
16096 11/24/2004 1,146.16
16097 11/24/2004 300.49
16098 11/24/2004 226.60
16099 11/24/2004 257.07
16100 11/24/2004 250.00
16101 11/24/2004 1,644.00
16102 11/24/2004 27.04
16103 11/24/2004 206.03
16104 11/24/2004 267.65
16105 11/24/2004 32,820.00
16106 11/24/2004 41.70
16107 11/24/2004 259.31
OUTSTANDING CHECK LIST
CHECK DATE OUTSTANDING
16108 11/29/2004 25,379.55
16109 11/29/2004 3,172.07
16110 11/29/2004 1,900.00
16111 11/29/2004 1,104.52
16112 11/29/2004 280.94
16113 11/29/2004 $ 187.95
16114 11/29/2004 261.50
16115 11/29/2004 64.13
16116 11/29/2004 298.80
16117 11/29/2004 250.00
16119 11/29/2004 729.23
16120 11/29/2004 37,021.34
16121 11/29/2004 60.75
16122 11/30/2004 85.58
16123 11/30/2004 336.49
16124 11/30/2004 659.52
16125 11/30/2004 1,353.00
16126 11/30/2004 2,120.00
16168 11/28/2004 $ 500.00
-----------
Outstanding Checks 383,423.32
INTERMET CORPORATION AND SUBSIDIARIES PERIOD ENDED 11/30/2004
MONTHLY CASH STATEMENT
CASH ACTIVITY ANALYSIS:
CASE # 04-67606
LYNCHBURG FOUNDRY CO
------------------------
ACCOUNT TYPE DEPOSITORY
ACCOUNT # 1096643
BANK Bank One TOTAL
BEGINNING BANK BALANCE - -
RECEIPTS 25,900 25,900
TRANSFERS IN (CORPORATE) - -
DIP INFLOW - -
DISBURSEMENTS - -
TRANSFERS OUT (CORPORATE) (25,900) (25,900)
DIP REPAYMENT - -
---------- -------
ENDING BANK BALANCE - -
INTERMET CORPORATION AND SUBSIDIARIES PERIOD ENDED 11/30/2004
MONTHLY CASH STATEMENT
CASH ACTIVITY ANALYSIS:
CASE # 04-67606
LYNCHBURG (RADFORD FOUNDRY)
--------------------------------------------------------------------------------------
ACCOUNT TYPE AP PR (HOURLY) PR (SALARY)
ACCOUNT # 2770716419 2770716401 2770716708
BANK Standard Federal - Inactive Standard Federal - Inactive Standard Federal TOTAL
BEGINNING BANK BALANCE - - - -
RECEIPTS - - - -
TRANSFERS IN (CORPORATE) - - 13,652 13,652
DIP INFLOW - - - -
DISBURSEMENTS - - (13,652) (13,652)
TRANSFERS OUT (CORPORATE) - - - -
DIP REPAYMENT - - - -
--------------------------- --------------------------- ---------------- -------
ENDING BANK BALANCE - - - -
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: NOVEMBER 30, 2004
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: LYNCHBURG FOUNDRY, INC. Capacity: ___ Shareholder
Case Number: 04-67606 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $ 0
Dated: DECEMBER 20, 2004 ________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Intermet Corporation and Subsidiaries Lynchburg Foundry, Inc.
Schedule of In-Force Insurance Case Number: 04-67606
POLICY COVERAGE CARRIER POLICY PERIOD
- ----------------- -------------- ----------------
Property Lloyds 11/1/04-11/01/05
Boiler/Machine Hartford 11/1/04-11/01/05
Cargo Fireman's Fund 11/1/04-11/01/05
Truck Cargo Fireman's Fund 11/1/04-11/01/05
Aviation USAIG 11/1/04-11/01/05
Fiduciary St. Paul 11/1/04-11/01/05
Primary D&O St. Paul 11/1/04-11/01/05
Excess D&O Chubb 11/1/04-11/01/05
Side A Platte River 11/1/04-11/01/05
Crime Gulf 11/1/04-12/1/04
General Liability Liberty Mutual 11/1/04-12/22/04
Umbrella National Union 11/1/04-12/22/04
Work Comp Liberty Mutual 11/1/04-12/22/04
Excess Work Comp Liberty Mutual 11/1/04-12/22/04
Auto Liberty Mutual 11/1/04-12/22/04
Foreign (DIC) Liberty Mutual 11/1/04-12/22/04
UNITED STATES BANKRUPTCY COURT
FOR THE EASTERN DISTRICT OF MICHIGAN
TRANSMITTAL OF FINANCIAL REPORTS AND
CERTIFICATION OF COMPLIANCE WITH UNITED STATES TRUSTEE
OPERATING REQUIREMENTS FOR
THE PERIOD ENDED NOVEMBER 30, 2004:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67608
) Chapter 11
) Judge: Marci B. McIvor
NORTHERN CASTINGS CORP. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and, (if not, attach written
explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization. (If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns. (If not, attach a written
explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: DECEMBER 20, 2004 /s/ Robert E. Belts
-------------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- --------------
Title Phone
INTERMET CORP. AND SUBSIDIARIES
OPERATING STATEMENT
FOR THE MONTH ENDED 11-30-04
($000'S)
CASE #04-67608
NORTHERN
CASTINGS
--------------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales $ 1,370 $ 2,724
Cost of Goods Sold
Materials and Freight 536 1,008
Wages - Hourly 199 412
Wages-Salary 81 161
Employee Benefits and Pension 105 211
Repairs & Maintenance 53 95
Supplies 72 152
Utilities 120 236
Purchased Components/Services 37 63
Income(loss) from Pattern Sales (70) (70)
Fixed Asset - (gain/loss) - -
MIS Expense 11 27
Travel & Entertainment 1 1
Other Variable Costs 44 102
Depreciation & Amortization 41 82
Other Allocated Fixed Costs - -
Other Fixed Costs 17 34
------- -------
Cost of Goods Sold 1,247 2,514
Gross Profit 123 210
Plant SG&A Expense - -
SG&A Expense - Allocation (Sched 1) 47 94
Other Operating Expenses - -
------- -------
Total Operating Expenses 47 94
Operating Profit 76 116
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (1) (1)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations
Other Income/(Expense) - -
------- -------
Total Non-Operating Expenses (1) (1)
Income Before Income Taxes 75 115
Income Tax Expense 1 2
------- -------
Net Income $ 74 $ 113
======= =======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs (November)
(Allocation of Corporate Costs to Filing Entities)
November
------------
Officer Compensation $ 188,750
Salary Expense other Employees 1,017,948
Employee Benefits and Pension 132,427
Payroll Taxes 38,495
Other Taxes 759.01
Rent and Lease Expense 175,759
Interest Expense
Insurance 37,552
Automobile and Truck Expense 18,167
Utilities(Gas Electric,Phone) 6,437
Depreciation 88,493
Travel and Entertainment 50,237
Repairs and Maintenance 65,952
Advertising/Promotion 258
Supplies, Office Expense 25,936
OTHER:
Contributions 0
Professional Fees - Audit/Tax 131,192
Bank Fees 19,003
Public Reporting Fees 16,000
Employee Relocation/Training 1,880
Data Processing 33,902
Dues and Subscriptions 12,683
Outside Services 135,172
Project Development Costs net of Billings 64,668
Director Fees 25,333
Miscellaneous 2,896
Professional Fees - Bankruptcy 2,790,154
Cost Allocation - Out (172,737)
-----------
$ 4,907,317
===========
Allocation:
Wagner Castings $ 177,312
Northern Castings 46,825
Ironton Iron 0
Lynchburg Foundry 179,333
Columbus Foundry 290,418
Wagner Havana 0
Intermet U.S. Holdings 240,779
Cast-Matic Corp. 76,250
Diversified Diemakers 239,650
Ganton Technologies 155,833
Tool Products 127,416
Intermet Corporation 3,373,501
-----------
Total $ 4,907,317
===========
Intermet Corp. and Subsidiaries
Balance Sheet as Of 11-30-04
CASE #04-67608
NORTHERN
CASTINGS
--------------
Cash And Equivalents $ 0
Accounts Receivable 1,816
Short-Term Intercompany Receivables 75
Inventories 522
Other Current Assets 5
--------
TOTAL CURRENT ASSETS 2,418
Land and Buildings 2,266
Machinery & Equipment 8,609
Construction In Progress 36
--------
Total Fixed Assets 10,911
Accumulated Depreciation (9,115)
--------
NET FIXED ASSETS 1,796
Investment In Subsidiaries 0
Investment In European Operations 0
Long-Term Intercompany Receivables 11,123
Deferred Taxes, Long-Term Asset 0
Other Assets 130
--------
TOTAL ASSETS $ 15,467
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 99
Wages and Salaries (See schedule) 67
Taxes Payable - (See schedule) 29
--------
TOTAL POST PETITION LIABILITIES 195
SECURED LIABILITIES:
SECURED BANK DEBT & IDR BONDS 0
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes 0
Accrued Tax - State 0
Accrued Property Taxes 29
Accrued Workers Comp 95
Accrued Payroll 0
Accrued Payroll Taxes
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 124
UNSECURED LIABILITIES
Accounts Payable 1,805
IDR Bonds 0
--------
TOTAL UNSECURED LIABILITIES 1,805
OTHER LIABILITIES
Accrued Liabilities 310
Short-Term Intercompany Payables 0
Capital Leases 0
Retirement Benefits 0
Deferred Taxes - Long-Term Liability 0
Other Long-Term Liabilities 0
Long-Term Intercompany Payables 0
--------
TOTAL LIABILITIES 2,434
Common Stock 0
Capital In Excess Of Par Value 1,800
Retained Earnings - Prepetition 11,120
Retained Earnings - Post Petition 113
Equity In European Operations 0
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
--------
TOTAL SHAREHOLDER EQUITY 13,033
--------
TOTAL LIABILITIES AND EQUITY $ 15,467
========
PERIOD ENDED: 11-30-04 NORTHERN CASTINGS CORP. CASE #04-67608
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
10/31/2004 Withheld Deposits 11/30/2004
---------- ---------- ---------- ----------
Income tax withheld: Federal ($ 4,815) ($ 23,316) $ 24,459 ($ 3,673)
Income tax withheld: State (2,220) (10,718) 11,019 (1,919)
Income tax withheld: Local 0 0 0 0
FICA Withheld (4,381) (22,191) 21,833 (4,739)
Employers FICA (4,340) (16,700) 16,342 (4,698)
Unemployment Tax: Federal 2,095 (682) 3,760 5,173
Unemployment Tax: State 0 0 0 0
All Other Payroll W/H 0 0 0 0
State Taxes: Inc./Sales/Use/Excise (970) (1,527) 0 (2,497)
Property Taxes (2,500) (2,500) 0 (5,000)
Workers Compensation (12,000) 0 0 (12,000)
--------- --------- --------- ---------
Total ($ 29,131) ($ 77,634) $ 77,413 ($ 29,352)
Wages and Salaries (60,906) (30,138) 23,860 (67,185)
--------- --------- --------- ---------
Grand Total ($ 90,037) ($107,773) $ 101,273 ($ 96,537)
========= ========= ========= =========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) Total 0-30 Days 30-60 Days Over 60 Days
---------- ----------- ----------- ------------
Accounts Payable $ 98,983 $ 116,540 ($ 17,557)
Accounts Receivable $1,930,788 $ 1,765,937 $ 183,608 ($ 18,757)
INTERMET CORPORATION AND SUBSIDIARIES PERIOD ENDED 11/30/2004
MONTHLY CASH STATEMENT
CASH ACTIVITY ANALYSIS:
CASE # 04-67608
NORTHERN CASTINGS (HIBBING)
-----------------------------------------------------------------------------------
ACCOUNT TYPE LOCKBOX 77122 DEPOSIT AP PR (HOURLY) PR (SALARY)
ACCOUNT # 1261483 5401086458 2770716435 2770716427 2770716682
BANK Bank One Stan. Fed. Stan. Fed. Stan. Fed. Stan. Fed. TOTAL
BEGINNING BANK BALANCE - - - - - -
RECEIPTS 113,549 366,756 - - - 480,304
TRANSFERS IN (CORPORATE) - - 340,170 212,994 67,869 621,032
DIP INFLOW - - - - - -
DISBURSEMENTS - - (340,170) (212,994) (67,869) (621,032)
TRANSFERS OUT (CORPORATE) (113,549) (366,756) - - - (480,304)
DIP REPAYMENT - - - - - -
--------- -------- --------- -------- ------- --------
ENDING BANK BALANCE - - - - - 0.00
WIRES PAID FOR BY CORPORATE 664,849 664,849
CHECKS ISSUED 303,203
---------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS
RECONCILIATION) $ 968,052
=========
OUTSTANDING CHECKS AS OF OCTOBER 31 65,626
VOIDED CHECKS OUTSTANDING AS OF OCTOBER 31 -
CHECKS ISSUED IN NOVEMBER 303,203
CHECK CLEARED IN NOVEMBER (340,170)
---------
OUTSTANDING CHECKS AS OF NOVEMBER 30 (SEE
OUTSTANDING CHECKLIST) $ 28,658
=========
NORTHERN CASTINGS CORPORATION CASE NO. 04-67608
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
------ -------------------
3 RIVERS $ 10,197
ABRAHAMSON 61
ADVANCED TECHNOLIGIES 11
AETNA 1,319
AIRGAS - NORTH CENTRAL 1,870
ALTER TRADING CORPORATI 90,000
AMERICAN COLLOID COMPAN 27,432
AMERIPRIDE LINEN & APPA 1,471
B & R ENGINEERING SALES 2,151
BALDWIN SUPPLY, CO 2,042
BARR ENGINEERING 15
BEAR COUNTRY MARKETING 1,995
BEARDSLEY & PIPER LLC 2,034
BECKSTROM 87
BEHR IRON & STEEL CO 460,000
BOB SCOFIELD TRUCKING 13,941
CARLSON SYSTEMS CORP 1,297
CARPENTER BROTHERS, INC 140
CARQUEST AUTO PARTS, IN 20
CRI RECYCLING SERVICES 1,955
DEPUTY REGISTRAR 40
DISA INDUSTRIES, INC 6,875
DIXIE INDUSTRIAL FINISH 2,522
ELKEM METALS, INC 68,709
FASTENAL COMPANY 1,118
FERRELLGAS 969
G E CAPITAL 1,017
G&B MAINTENANCE SYSTEMS 300
GIL-MAR MANUFACTURING 22,160
GMP LOCAL 1,360
GUARANTEED QUALITY CLEA 1,316
HENDRICKSON MILTON 350
HI TEMP INCORPORATED 1,513
HICKMAN WILLIAMS & COMP 1,060
I.R.B. INC. 1,518
INDUCTOTHERM 1,809
INDUSTRIAL LUBRI 98
IRS 938
JASPER ENG. & EQUIP. CO 77
KAMAN INDUSTRIAL TECHNO 1,490
LAND INSTRUMENT 175
LARPEN METALLURGICAL SE 783
LEKATZ MIKE 78
LINA 8
LUCARELLI MARK 64
MARYLAND WIRE BELT 11,996
MCMASTER_CARR SUPPLY CO 93
METOKOTE CORPORATION 5,846
MIDWEST COMPUTER DEPOT, 240
NORTHERN CASTINGS CORPORATION CASE NO. 04-67608
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
------ -------------------
MIELKE ELECTRIC WORKS, 17
MILLER AND COMPANY 23,633
MINNESOTA CHILD SUPPORT 6,900
MINNESOTA BEARING COMPA 117
MINNESOTA DEPT. OF REVENUE 701
MINNESOTA INDUSTRIES 2,430
MINNESOTA POWER $112,319
MINNESOTA SUPPLY COMPAN 1,228
MINN-TECH ELECTRONICS 159
MORRIS MATERIAL HANDLIN 445
NATIONAL METAL ABRASIVE 6,750
NORTH STAR IMAGING, INC 3,316
NORTHERN BALANCE & SCAL 2,171
OCCUPATIONAL DEV. CENTE 2,039
OFFICE NORTH, INC. 494
P & H MINE PRO SERVICES 61
PARAGON FINANCIAL GROUP 175
PITNEY BOWES 243
PROFORMA 678
PROVIDENT LIFE 356
PURCHASE POWER 519
QUICK 167
R. E. NICHOLSON VENTURE 350
RANGE STEEL FABRICATORS 701
RDN LLC 3,894
ROADWAY EXPRESS 2,285
SECURITAS SEC SERV USA, 403
SIM SUPPLY, INC. 37
SMITH BRUCE 2,184
ST. LOUIS COUNTY 12,000
SULLIVAN CANDY & SUPPLY 600
TDS METROCOM 520
THERMO ELECTRON SCIENTI 330
TRANSMAN 3,158
TRIMARK INDUSTRIAL 49
TRITEC OF MN. INC. 2,619
UNIMIN CORPORATION 11,490
VERIZON WIRELESS 46
VICKERS ENG. 9,912
--------
TOTALS $968,052
========
NORTHERN CASTINGS CORP
CASE NO. 04-67608
AT 11/30/04
HIBBING - NOVEMBER BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 28,657.86
Unadjusted GL Balance 17,643.00
-----------
Various reconciling items.
Rectified in December. $ 11,014.86
===========
NORTHERN CASTINGS CORP
OUTSTANDING CHECKS
CASE NO. 04-67608
CHECK DATE OUTSTANDING
75579 11/17/2004 $ 80.85
75592 11/18/2004 14.54
75603 11/18/2004 991.83
75616 11/19/2004 1,188.47
75622 11/23/2004 11,995.50
75623 11/23/2004 2,284.67
75626 11/23/2004 2,521.93
75627 11/24/2004 50.00
75628 11/24/2004 151.05
75629 11/24/2004 249.35
75631 11/24/2004 396.00
75636 11/24/2004 11.00
75642 11/24/2004 1,468.30
75643 11/24/2004 240.00
75644 11/24/2004 158.80
75645 11/24/2004 71.68
75647 11/24/2004 350.00
75652 11/29/2004 329.09
75653 11/29/2004 1,927.80
75654 11/29/2004 346.50
75655 11/30/2004 1,330.00
75656 11/30/2004 2,170.50
75658 11/30/2004 330.00
-------------
Outstanding Checks $ 28,657.86
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: NOVEMBER 30, 2004
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: NORTHERN CASTINGS CORP. Capacity: ___ Shareholder
CASE NUMBER: 04-67608 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED AT INTERMET
CORPORATION. PLEASE SEE INTERMET CORPORATION (CASE #04-67597) FOR ALL INSIDER
COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $ 0
Dated: DECEMBER 20, 2004 ________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Intermet Corporation and Subsidiaries Northern Castings Corporation
Schedule of In-Force Insurance Case Number: 04-67608
POLICY COVERAGE CARRIER POLICY PERIOD
- --------------- -------------- ----------------
Property Lloyds 11/1/04-11/01/05
Boiler/Machine Hartford 11/1/04-11/01/05
Cargo Fireman's Fund 11/1/04-11/01/05
Truck Cargo Fireman's Fund 11/1/04-11/01/05
Aviation USAIG 11/1/04-11/01/05
Fiduciary St. Paul 11/1/04-11/01/05
Primary D&O St. Paul 11/1/04-11/01/05
Excess D&O Chubb 11/1/04-11/01/05
Side A Platte River 11/1/04-11/01/05
Crime Gulf 11/1/04-12/1/04
General Liability Liberty Mutual 11/1/04-12/22/04
Umbrella National Union 11/1/04-12/22/04
Work Comp Liberty Mutual 11/1/04-12/22/04
Excess Work Comp Liberty Mutual 11/1/04-12/22/04
Auto Liberty Mutual 11/1/04-12/22/04
Foreign (DIC) Liberty Mutual 11/1/04-12/22/04
UNITED STATES BANKRUPTCY COURT
FOR THE EASTERN DISTRICT OF MICHIGAN
TRANSMITTAL OF FINANCIAL REPORTS AND
CERTIFICATION OF COMPLIANCE WITH UNITED STATES TRUSTEE
OPERATING REQUIREMENTS FOR
THE PERIOD ENDED NOVEMBER 30, 2004:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67613
) Chapter 11
) Judge: Marci B. McIvor
SUDBURY, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
X Operating Statement (Form 2)
X Balance Sheet (Form 3)
X Summary of Operations (Form 4)
X Monthly Cash Statement (Form 5)
X Statement of Compensation (Form 6)
X Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and, (if not, attach written
explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization. (If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns. (If not, attach a written
explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: DECEMBER 20, 2004 /s/ Robert E. Belts
-------------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- --------------
Title Phone
Intermet Corp. and Subsidiaries
Operating Statement
For the Month Ended 11-30-04
($000's)
CASE # 04-67613
SUDBURY
INC.
-----------------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales $ 0 $ 0
Cost of Goods Sold
Materials and Freight - -
Wages - Hourly - -
Wages-Salary - -
Employee Benefits and Pension - -
Repairs & Maintenance - -
Supplies - -
Utilities - -
Purchased Components/Services - -
Income(loss) from Pattern Sales - -
Fixed Asset - (gain/loss) - -
MIS Expense - -
Travel & Entertainment - -
Other Variable Costs - -
Depreciation & Amortization 59 118
Other Allocated Fixed Costs - -
Other Fixed Costs - -
----- -----
Cost of Goods Sold 59 118
Gross Profit (59) (118)
Plant SG&A Expense - -
SG&A Expense - Allocation (Sched 1) - -
Other Operating Expenses - -
----- -----
Total Operating Expenses - -
Operating Profit (59) (118)
Outside Interest Income -
Outside Interest (Expense) -
Intercompany Interest Income -
Intercompany Interest (Expense) (4) (8)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations
Other Income/(Expense) - -
----- -----
Total Non-Operating Expenses (4) (8)
Income Before Income Taxes (63) (126)
Income Tax Expense - -
----- -----
Net Income ($ 63) ($ 126)
===== =====
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs (November)
(Allocation of Corporate Costs to Filing Entities)
November
-----------
Officer Compensation $ 188,750
Salary Expense other Employees 1,017,948
Employee Benefits and Pension 132,427
Payroll Taxes 38,495
Other Taxes 759.01
Rent and Lease Expense 175,759
Interest Expense
Insurance 37,552
Automobile and Truck Expense 18,167
Utilities(Gas Electric,Phone) 6,437
Depreciation 88,493
Travel and Entertainment 50,237
Repairs and Maintenance 65,952
Advertising/Promotion 258
Supplies, Office Expense 25,936
OTHER:
Contributions 0
Professional Fees - Audit/Tax 131,192
Bank Fees 19,003
Public Reporting Fees 16,000
Employee Relocation/Training 1,880
Data Processing 33,902
Dues and Subscriptions 12,683
Outside Services 135,172
Project Development Costs net of Billings 64,668
Director Fees 25,333
Miscellaneous 2,896
Professional Fees - Bankruptcy 2,790,154
Cost Allocation - Out (172,737)
-----------
$ 4,907,317
===========
Allocation:
Wagner Castings $ 177,312
Northern Castings 46,825
Ironton Iron 0
Lynchburg Foundry 179,333
Columbus Foundry 290,418
Wagner Havana 0
Intermet U.S. Holdings 240,779
Cast-Matic Corp. 76,250
Diversified Diemakers 239,650
Ganton Technologies 155,833
Tool Products 127,416
Intermet Corporation 3,373,501
-----------
Total $ 4,907,317
===========
Intermet Corp. and Subsidiaries
Balance Sheet as Of 11-30-04
CASE # 04-67613
---------------
SUDBURY
INC.
---------------
Cash And Equivalents $ 0
Accounts Receivable 7
Short-Term Intercompany Receivables 0
Inventories 0
Other Current Assets 0
--------
TOTAL CURRENT ASSETS 7
Land and Buildings (2,294)
Machinery & Equipment (44,148)
Construction In Progress 0
--------
Total Fixed Assets (46,442)
Accumulated Depreciation 50,770
--------
NET FIXED ASSETS 4,328
Investment In Subsidiaries 0
Investment In European Operations 0
Long-Term Intercompany Receivables 12,860
Deferred Taxes, Long-Term Asset 0
Other Assets 58,366
--------
TOTAL ASSETS $ 75,561
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 0
Wages and Salaries (See schedule) 0
Taxes Payable - (See schedule) 0
--------
TOTAL POST PETITION LIABILITIES 0
SECURED LIABILITIES:
SECURED BANK DEBT & IDR BONDS 0
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes (2,031)
Accrued Tax - State 0
Accrued Property Taxes 47
Accrued Workers Comp 0
Accrued Payroll 0
Accrued Payroll Taxes 0
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES (1,984)
UNSECURED LIABILITIES
Accounts Payable 2
IDR Bonds 0
--------
TOTAL UNSECURED LIABILITIES 2
OTHER LIABILITIES
Accrued Liabilities 2
Short-Term Intercompany Payables 0
Capital Leases 0
Retirement Benefits 0
Deferred Taxes - Long-Term Liability 0
Other Long-Term Liabilities 0
Long-Term Intercompany Payables 64,307
--------
TOTAL LIABILITIES 62,327
Common Stock 0
Capital In Excess Of Par Value 86,100
Retained Earnings - Prepetition (72,740)
Retained Earnings - Post Petition (126)
Equity In European Operations 0
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
--------
TOTAL SHAREHOLDER EQUITY 13,234
--------
TOTAL LIABILITIES AND EQUITY $ 75,561
========
PERIOD ENDED: 11-30-04 SUDBURY INC. CASE #04-67613
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued/ Payments/ as of
10/31/2004 Withheld Deposits 11/30/2004
---------- -------- -------- ----------
Income tax withheld: Federal $ 0 $ 0 $ 0 $ 0
Income tax withheld: State $ 0 $ 0 $ 0 $ 0
Income tax withheld: Local $ 0 $ 0 $ 0 $ 0
FICA Withheld $ 0 $ 0 $ 0 $ 0
Employers FICA $ 0 $ 0 $ 0 $ 0
Unemployment Tax: Federal $ 0 $ 0 $ 0 $ 0
Unemployment Tax: State $ 0 $ 0 $ 0 $ 0
All Other Payroll W/H $ 0 $ 0 $ 0 $ 0
$ 0 $ 0 $ 0 $ 0
State Taxes: Inc./Sales/Use/Excise $ 0 $ 0 $ 0 $ 0
Property Taxes $ 0 $ 0 $ 0 $ 0
$ 0
Workers Compensation 0 0 0 0
----- ----- ----- -----
Total $ 0 $ 0 $ 0 $ 0
Wages and Salaries 0 0 0 0
----- ----- ----- -----
Grand Total $ 0 $ 0 $ 0 $ 0
===== ===== ===== =====
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $ 0 $ 0 $ 0
Accounts Receivable $ 0 $ 0 $7,000
INTERMET CORPORATION AND SUBSIDIARIES PERIOD ENDED 11/30/2004
MONTHLY CASH STATEMENT
CASH ACTIVITY ANALYSIS:
CASE # 04-67613
SUDBURY, INC.
-------------------------------------------------------
ACCOUNT TYPE INVESTMENT INVESTMENT
ACCOUNT # 413046662076 413046663076
BANK Morgan Stanley Morgan Stanley TOTAL
BEGINNING BANK BALANCE 293,357 1,847 295,204
RECEIPTS 394 2 396
TRANSFERS IN (CORPORATE) - - -
DIP INFLOW - - -
DISBURSEMENTS - - -
TRANSFERS OUT (CORPORATE) - - -
DIP REPAYMENT - - -
------- ----- -------
ENDING BANK BALANCE 293,751 1,849 295,600
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: NOVEMBER 30, 2004
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: SUDBURY, INC. Capacity: ___ Shareholder
Case Number: 04-67613 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED AT INTERMET
CORPORATION. PLEASE SEE INTERMET CORPORATION (CASE #04-67597) FOR ALL INSIDER
COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
________ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $ 0
Dated: DECEMBER 20, 2004 ________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Intermet Corporation and Subsidiaries Sudbury, Inc.
Schedule of In-Force Insurance Case Number: 04-67613
POLICY COVERAGE CARRIER POLICY PERIOD
- --------------- -------------- ----------------
Property Lloyds 11/1/04-11/01/05
Boiler/Machine Hartford 11/1/04-11/01/05
Cargo Fireman's Fund 11/1/04-11/01/05
Truck Cargo Fireman's Fund 11/1/04-11/01/05
Aviation USAIG 11/1/04-11/01/05
Fiduciary St. Paul 11/1/04-11/01/05
Primary D&O St. Paul 11/1/04-11/01/05
Excess D&O Chubb 11/1/04-11/01/05
Side A Platte River 11/1/04-11/01/05
Crime Gulf 11/1/04-12/1/04
General Liability Liberty Mutual 11/1/04-12/22/04
Umbrella National Union 11/1/04-12/22/04
Work Comp Liberty Mutual 11/1/04-12/22/04
Excess Work Comp Liberty Mutual 11/1/04-12/22/04
Auto Liberty Mutual 11/1/04-12/22/04
Foreign (DIC) Liberty Mutual 11/1/04-12/22/04
UNITED STATES BANKRUPTCY COURT
FOR THE EASTERN DISTRICT OF MICHIGAN
TRANSMITTAL OF FINANCIAL REPORTS AND
CERTIFICATION OF COMPLIANCE WITH UNITED STATES TRUSTEE
OPERATING REQUIREMENTS FOR
THE PERIOD ENDED NOVEMBER 30, 2004:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67602
) Chapter 11
) Judge: Marci B. McIvor
SUDM, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
X Operating Statement (Form 2)
X Balance Sheet (Form 3)
X Summary of Operations (Form 4)
X Monthly Cash Statement (Form 5)
X Statement of Compensation (Form 6)
X Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and, (if not, attach written
explanation)
YES X NO___
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES X NO___
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization. (If not, attach a written explanation)
YES X NO___
5. All United States Trustee Quarterly fees have been paid and are current
YES X NO___
6. Have you filed your pre-petition tax returns. (If not, attach a written
explanation)
YES X NO___
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: DECEMBER 20, 2004 /s/ Robert E. Belts
----------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- --------------
Title Phone
UNITED STATES BANKRUPTCY COURT
FOR THE EASTERN DISTRICT OF MICHIGAN
IN RE: SUDM, INC. CASE NO. 04-67602
All activity for SUDM, Inc. is reported in the consolidated Columbus
Foundry operating report (Case #04- 67609).
MONTHLY CASH STATEMENT
Period Ending: NOVEMBER 30, 2004
SUDM, INC.
Case Number: 04-67602
CASH ACTIVITY ANALYSIS (CASH BASIS ONLY):
General Payroll Tax Cash Coll. Petty Cash
Acct. Acct. Acct. Acct. Acct.
A. Beginning Balance _______ _______ _____ __________ __________
B. Receipts _______ _______ _____ __________ __________
(Attach separate schedule)
C. Balance Available _______ _______ _____ __________ __________
(A+B)
D. Less Disbursements _______ _______ _____ __________ __________
(Attach separate schedule)
E. Ending Balance ALL ACTIVITY FOR SUDM, INC. IS REPORTED IN THE CONSOLIDATED
(C-D) COLUMBUS FOUNDRY OPERATING REPORT (CASE #04-67609).
(PLEASE ATTACH COPIES OF MOST RECENT RECONCILED BANK STATEMENTS FROM EACH
ACCOUNT)
General Account:
1. Depository Name & Location _______________________________
2. Account Number _______________________________
Payroll Account:
1. Depository Name & Location _______________________________
2. Account Number _______________________________
Tax Account:
1. Depository Name & Location _______________________________
2. Account Number _______________________________
Other monies on hand (specify type and location) i.e., CD's, bonds, etc.:
____________________________________________________________________________
____________________________________________________________________________
Date: DECEMBER 20, 2004 _______________________________
Debtor in Possession
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: NOVEMBER 30, 2004
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: SUDM, INC. Capacity: ___ Shareholder
Case Number: 04-67602 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED AT INTERMET
CORPORATION. PLEASE SEE INTERMET CORPORATION (CASE #04-67597) FOR ALL INSIDER
COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance ______ _______
Life Insurance ______ _______
Retirement ______ _______
Company Vehicle ______ _______
Entertainment ______ _______
Travel ______ _______
Other Benefits ______ _______
Total Benefits ______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid ______ _______
Loans ______ _______
Other (Describe) ______ _______
Other (Describe) ______ _______
Other (Describe) ______ _______
Total Other Payments ______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
______ $0
Dated: DECEMBER 20, 2004 ________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Intermet Corporation and Subsidiaries SUDM, Inc.
Schedule of In-Force Insurance Case Number: 04-67602
POLICY COVERAGE CARRIER POLICY PERIOD
- ----------------- -------------- ----------------
Property Lloyds 11/1/04-11/01/05
Boiler/Machine Hartford 11/1/04-11/01/05
Cargo Fireman's Fund 11/1/04-11/01/05
Truck Cargo Fireman's Fund 11/1/04-11/01/05
Aviation USAIG 11/1/04-11/01/05
Fiduciary St. Paul 11/1/04-11/01/05
Primary D&O St. Paul 11/1/04-11/01/05
Excess D&O Chubb 11/1/04-11/01/05
Side A Platte River 11/1/04-11/01/05
Crime Gulf 11/1/04-12/1/04
General Liability Liberty Mutual 11/1/04-12/22/04
Umbrella National Union 11/1/04-12/22/04
Work Comp Liberty Mutual 11/1/04-12/22/04
Excess Work Comp Liberty Mutual 11/1/04-12/22/04
Auto Liberty Mutual 11/1/04-12/22/04
Foreign (DIC) Liberty Mutual 11/1/04-12/22/04
UNITED STATES BANKRUPTCY COURT
FOR THE EASTERN DISTRICT OF MICHIGAN
TRANSMITTAL OF FINANCIAL REPORTS AND
CERTIFICATION OF COMPLIANCE WITH UNITED STATES TRUSTEE
OPERATING REQUIREMENTS FOR
THE PERIOD ENDED NOVEMBER 30, 2004:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67610
) Chapter 11
) Judge: Marci B. McIvor
TOOL PRODUCTS, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
X Operating Statement (Form 2)
X Balance Sheet (Form 3)
X Summary of Operations (Form 4)
X Monthly Cash Statement (Form 5)
X Statement of Compensation (Form 6)
X Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and, (if not, attach written
explanation)
YES X NO___
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES X NO___
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization. (If not, attach a written explanation)
YES X NO___
5. All United States Trustee Quarterly fees have been paid and are current
YES X NO___
6. Have you filed your pre-petition tax returns. (If not, attach a written
explanation)
YES X NO___
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: DECEMBER 20, 2004 /s/ Robert E. Belts
----------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- --------------
Title Phone
Intermet Corp. and Subsidiaries
Operating Statement
For the Month Ended 11-30-04
($000's)
CASE # 04-67610
TOOL
PRODUCTS, INC.
----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales $ 4,859 $ 9,792
Cost of Goods Sold
Materials and Freight 1,145 2,069
Wages - Hourly 1,089 2,076
Wages-Salary 240 491
Employee Benefits and Pension 391 912
Repairs & Maintenance 108 204
Supplies 169 310
Utilities 209 404
Purchased Components/Services 803 1,873
Income(loss) from Pattern Sales 18 1
Fixed Asset - (gain/loss) - -
MIS Expense 17 47
Travel & Entertainment 9 16
Other Variable Costs 35 76
Depreciation & Amortization 209 344
Other Allocated Fixed Costs - -
Other Fixed Costs 43 103
------------- ------------------
Cost of Goods Sold 4,485 8,926
Gross Profit 374 866
Plant SG&A Expense 105 216
SG&A Expense - Allocation (Sched 1) 127 254
Other Operating Expenses - -
------------- ------------------
Total Operating Expenses 233 471
Operating Profit 141 395
Outside Interest Income - -
Outside Interest (Expense) (4) (10)
Intercompany Interest Income - -
Intercompany Interest (Expense) (67) (125)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations
Other Income/(Expense) - -
------------- ------------------
Total Non-Operating Expenses (70) (134)
Income Before Income Taxes 71 261
Income Tax Expense 3 6
------------- ------------------
Net Income $ 68 $ 255
============= ==================
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs (November)
(Allocation of Corporate Costs to Filing Entities)
November
-----------
Officer Compensation $ 188,750
Salary Expense other Employees 1,017,948
Employee Benefits and Pension 132,427
Payroll Taxes 38,495
Other Taxes 759.01
Rent and Lease Expense 175,759
Interest Expense
Insurance 37,552
Automobile and Truck Expense 18,167
Utilities(Gas Electric,Phone) 6,437
Depreciation 88,493
Travel and Entertainment 50,237
Repairs and Maintenance 65,952
Advertising/Promotion 258
Supplies, Office Expense 25,936
OTHER:
Contributions 0
Professional Fees - Audit/Tax 131,192
Bank Fees 19,003
Public Reporting Fees 16,000
Employee Relocation/Training 1,880
Data Processing 33,902
Dues and Subscriptions 12,683
Outside Services 135,172
Project Development Costs net of Billings 64,668
Director Fees 25,333
Miscellaneous 2,896
Professional Fees - Bankruptcy 2,790,154
Cost Allocation - Out (172,737)
-----------
$ 4,907,317
===========
Allocation:
Wagner Castings $ 177,312
Northern Castings 46,825
Ironton Iron 0
Lynchburg Foundry 179,333
Columbus Foundry 290,418
Wagner Havana 0
Intermet U.S. Holdings 240,779
Cast-Matic Corp. 76,250
Diversified Diemakers 239,650
Ganton Technologies 155,833
Tool Products 127,416
Intermet Corporation 3,373,501
-----------
Total $ 4,907,317
===========
Intermet Corp. and Subsidiaries
Balance Sheet as Of 11-30-04
CASE # 04-67610
---------------
TOOL
PRODUCTS, INC.
---------------
Cash And Equivalents $ 3
Accounts Receivable 9,619
Short-Term Intercompany Receivables 642
Inventories 3,740
Other Current Assets 575
---------------
TOTAL CURRENT ASSETS 14,579
Land and Buildings 10,872
Machinery & Equipment 21,243
Construction In Progress 4,768
---------------
Total Fixed Assets 36,883
Accumulated Depreciation (13,769)
---------------
NET FIXED ASSETS 23,114
Investment In Subsidiaries 0
Investment In European Operations 0
Long-Term Intercompany Receivables 7,834
Deferred Taxes, Long-Term Asset 0
Other Assets 0
---------------
TOTAL ASSETS $ 45,527
===============
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 869
Wages and Salaries (See schedule) 247
Taxes Payable - (See schedule) 58
---------------
TOTAL POST PETITION LIABILITIES 1,174
SECURED LIABILITIES:
SECURED BANK DEBT & IDR BONDS 1,500
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes 0
Accrued Tax - State 3
Accrued Property Taxes 117
Accrued Workers Comp. 408
Accrued Payroll 63
Accrued Payroll Taxes
---------------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 591
UNSECURED LIABILITIES
Accounts Payable 6,661
IDR Bonds 0
---------------
TOTAL UNSECURED LIABILITIES 6,661
OTHER LIABILITIES
Accrued Liabilities 2,446
Short-Term Intercompany Payables 26
Capital Leases 532
Retirement Benefits 253
Deferred Taxes - Long-Term Liability 0
Other Long-Term Liabilities 0
Long-Term Intercompany Payables 690
---------------
TOTAL LIABILITIES 13,873
Common Stock 0
Capital In Excess Of Par Value 19,200
Retained Earnings - Prepetition 12,201
Retained Earnings - Post Petition 253
Equity In European Operations 0
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
---------------
TOTAL SHAREHOLDER EQUITY 31,654
---------------
TOTAL LIABILITIES AND EQUITY $ 45,527
===============
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued/ Payments/ as of
10/31/2004 Withheld Deposits 11/30/2004
---------- ---------- --------- ----------
Income tax withheld: Federal ($ 7,561) ($ 44,532) $ 31,047 ($ 21,046)
Income tax withheld: State 0 0 0 0
Income tax withheld: Local 0 0 0 0
FICA Withheld (5,659) (31,402) 22,076 (14,985)
Employers FICA (5,659) (31,402) 22,076 (14,985)
Unemployment Tax: Federal (44) (1,607) 0 (1,651)
Unemployment Tax: State (131) (1,703) 0 (1,835)
All Other Payroll W/H (9,125) 8,861 0 (264)
State Taxes: Inc./Sales/Use/Excise (3,000) (3,000) 0 (6,000)
Property Taxes 42,071 10,992 0 53,063
Workers Compensation 0 (4,962) 0 (4,962)
---------- ---------- --------- ----------
Total $ 10,892 ($ 98,756) $ 75,199 ($ 12,664)
Wages and Salaries (58,505) (115,717) 72,554 (101,668)
---------- ---------- --------- ----------
Grand Total ($ 47,613) ($ 214,473) $ 147,754 ($ 114,332)
========== ========== ========= ==========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) Total 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $ 30,899 $ 30,899 $ 0 $ 0
Accounts Receivable $2,860,675 $2,113,982 $ 367,117 $ 379,576
PERIOD ENDED: 11-30-04 TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE #04-67610
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued/ Payments/ as of
10/31/2004 Withheld Deposits 11/30/04
---------- ---------- --------- ----------
Income tax withheld: Federal ($ 17,144) $ 17,144 $ 0 $ 0
Income tax withheld: State ($ 7,077) $ 7,077 $ 0 $ 0
Income tax withheld: Local $ 0 $ 0 $ 0 $ 0
FICA Withheld ($ 12,220) $ 12,220 $ 0 $ 0
Employers FICA ($ 12,229) $ 12,229 $ 0 $ 0
Unemployment Tax: Federal ($ 45) $ 45 $ 0 $ 0
Unemployment Tax: State ($ 303) $ 303 $ 0 $ 0
All Other Payroll W/H ($ 19,235) $ 19,235 $ 0 $ 0
State Taxes: Inc./Sales/Use/Excise $ 0 $ 0 $ 0 $ 0
Property Taxes ($ 10,833) ($ 10,317) $ 0 ($ 21,151)
Workers Compensation $ 0 ($ 24,500) $ 0 ($ 24,500)
---------- ---------- --------- ----------
Total ($ 79,087) $ 33,436 $ 0 ($ 45,651)
Wages and Salaries ($ 124,278) ($ 269,442) $ 248,750 ($ 144,970)
---------- ---------- --------- ----------
Grand Total ($ 203,365) ($ 236,005) $ 248,750 ($ 190,621)
========== ========== ========= ==========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) Total 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $ 837,613 $ 837,613 $ 0 $ 0
Accounts Receivable $6,956,209 $3,393,724 $2,231,638 $ 1,330,847
INTERMET CORPORATION AND SUBSIDIARIES PERIOD ENDED 11/30/2004
MONTHLY CASH STATEMENT
CASH ACTIVITY ANALYSIS: CASE # 04-67610
TOOL PRODUCTS, INC (JACKSON)
---------------------------------------------------------------------
ACCOUNT TYPE LOCKBOX 672984 LOCKBOX 77881 AP PR TOTAL
ACCOUNT # 1851811321 363168104 2176982870 2176983068
BANK Comerica Bank One Comerica Comerica
BEGINNING BANK BALANCE - - - - -
RECEIPTS 1,169,907 - 6,586 - 1,176,493
TRANSFERS IN (CORPORATE) 54,600 - 609,787 159,440 823,826
DIP INFLOW - - - - -
DISBURSEMENTS (54,600) - (615,870) (159,440) (829,910)
TRANSFERS OUT (CORPORATE) (1,169,907) - (503) - (1,170,410)
DIP REPAYMENT - - - - -
-------------- ------------- ---------- ---------- ----------
ENDING BANK BALANCE - - (0.00) - (0.00)
WIRES PAID FOR BY CORPORATE 929,134 179,784 1,108,917
CHECKS ISSUED 579,974
----------
TOTAL DISBURSEMENTS
(SEE TOTAL DISBURSEMENTS RECONCILIATION) $1,509,107
==========
OUTSTANDING CHECKS AS OF OCTOBER 31 143,636
VOIDED CHECKS OUTSTANDING AS OF OCTOBER 31 (2,519)
CHECKS ISSUED IN NOVEMBER 579,974
CHECK CLEARED IN NOVEMBER (609,184) $6,585.89 relates to checks posted and
---------- returned and $100 pertains to other
debits.
OUTSTANDING CHECKS AS OF NOVEMBER 30
(SEE OUTSTANDING CHECKLIST) $ 111,907
==========
TOOL PRODUCTS, INC. (JACKSON) CASE NO. 04-67610
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- -------------------------------- -------------------
ACTION FLUID POWER $ 788
AH ASSOCIATES 3,200
AIR DRAULICS ENGINEERING CO 1,166
AIRGAS SOUTH 4,258
ALCAN PRIMARY PRODUCTS CORP 441,228
ALCHEM ALUMINUM, INC 342,185
ALLIED ELECTRONICS 221
AMCOR 270
ASSOCIATED BAG COMPANY 117
AVAS 301
AVAYA 466
B & B FIRE PROTECTION 228
B & B TOOL AND DIE COMPANY INC 37,125
BELLSOUTH 1,419
BOISE CASCADE OFFICE PRODUCTS 184
BRANDON INTERNATIONAL 1,716
BUHLER INC 23,008
CANON FINANCIAL SERVICES, INC 1,036
CANTEEN VENDING SERVICE 662
CHAPTER 13 TRUSTEE 5,564
CHEM STATION 323
CHEM TREND INCORPORATED 14,581
CIRCUIT COURT 352
CITICAPITAL COMMERICAL 641
CITY OF JACKSON 1,952
CLEMCO SALES INC 198
COMMERCIAL STEEL ERECTION 5,500
CONTRA COSTA 475
CPC INC 3,199
D & C SALES 1,478
D M E CORP 3,215
DANKA INDUSTRIES INC 369
DAVID HOFFMAN 292
DIEMER ASSOCIATES INC 1,424
DIMETEK INTERNATIONAL INC 651
DOUBLETREE HOTEL 150
EAGLE WAREHOUSE & DIST 1,200
ENGINEERED PRODUCTS DIVIS 11,196
FERRELL GAS 948
FLUID POWER OF MEMPHIS 729
FUGITT RUBBER AND SUPPLY CO 1,530
G & H INDUSTRIES 665
GENERAL SESSIONS COURT 390
GENERAL SESSIONS COURT HAYWOOD 703
GOLDEN KEY REALTORS 650
GORDON PETERS 1,680
GRAVES METAL PRODUCTS, INC 138
H C I SUPPLY INC 6,936
HIGH CALIBER 304
TOOL PRODUCTS, INC. (JACKSON) CASE NO. 04-67610
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- -------------------------------- -------------------
HILDRETH 2,093
HI-TECH SALES & SERVICE, INC 1,040
INTEGRATED SALES & ENGINEERING 7,206
JACKSON COMMUNICATIONS 49
JACKSON ENERGY AUTHORITY 80,562
KENT RUDBECK 617
L & S PRECISION TOOL 1,058
L & S PRECISION TOOL 1,400
L&H SUPPLY CO INC 49
LATHAM'S BAR-B QUE & CATERING 1,268
LOWE'S COMPANIES 203
MACK PEST CONTROL 140
MADISON COUNTY CLERK 25
MADISON ELECTRIC SERVICE 269
MADISON FINISHING INC 50,000
MARTIN INDUSTRIAL 1,132
MCMASTER CARR SUPPLY CO 613
METALLICS SYSTEMS CO. L.P. 607
METALLURG ALUMINUM 5,223
MIDWEST MACHINE TOOL 507
MTRONICS.COM INCORPORATED 144,000
NORTHSIDE MEDICAL CLINC 312
PARAMOUNT UNIFORM RENTAL 1,606
PAUL RECK 62
PENNSYLVANIA STATE CHILD SUPPORT 535
PITNEY BOWES CREDIT CORP 250
POWER EQUIPMENT COMPANY 1,814
PRECISION MACH PRODUCTS 39,963
PRINT GRAPHICS 223
PYROTEK, INC 20,118
QME, INC 17,335
RIMROCK CORP 329
SEARS 235
SHERRY CHURCH 561
SIDNEY DAVID FLORIST & GIFT 69
SPAN AMERICA INC 2,500
SPECTRO ALLOYS CORP 90,335
SPECTRO ALLOYS CORP 331
STRIKO DYNARAD CORPORATION 2,483
SUPERIOR TOOL AND DIE 4,100
SUPERIOR TOOL LLC 4,100
TEC ENVIRONMENTAL LABORATORIES 2,955
TENN DIE SUPPLY CO INC 187
TENNESSEE CHILD SUPPORT 4,691
TRANSMAN 44,148
VERIZON WIRELESS 812
WAL-MART 400
WEST TENNESSEE COFFEE SERVICE 668
WILLER TOOL CORPORATION 38,600
TOOL PRODUCTS, INC. (JACKSON) CASE NO. 04-67610
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- -------------------------------- -------------------
YOUNGER MACHINE TOOL SERVICE 2,258
ZYP COATINGS INC 2,054
-------------------
TOTALS $ 1,509,107
===================
TOOL PRODUCTS, INC.
CASE NO. 04-67610
AT 11/30/04
JACKSON - NOVEMBER BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 111,906.71
Unadjusted GL Balance 112,106.71
-----------
Old Prepepetion Checks $ 200.00
===========
JACKSON
OUTSTANDING CHECKS
CASE NO. 04-67610
CHECK DATE OUTSTANDING
19831 10/26/2004 $ 692.00
19947 11/10/2004 49.39
19953 11/10/2004 133.75
19957 11/15/2004 226.32
19963 11/15/2004 78.00
19965 11/17/2004 755.96
20030 11/24/2004 42.61
20009 11/24/2004 117.35
20031 11/24/2004 140.00
20046 11/24/2004 187.00
20020 11/24/2004 208.66
20040 11/24/2004 235.14
20014 11/24/2004 322.51
20042 11/24/2004 330.89
20033 11/24/2004 333.44
20012 11/24/2004 389.61
20021 11/24/2004 462.77
20010 11/24/2004 640.84
20022 11/24/2004 761.83
20007 11/24/2004 961.64
20050 11/24/2004 1,027.00
20017 11/24/2004 1,093.73
20011 11/24/2004 1,716.00
20037 11/24/2004 1,814.40
20043 11/24/2004 2,408.23
20041 11/24/2004 2,500.00
20027 11/24/2004 2,521.21
20044 11/24/2004 4,100.00
20015 11/24/2004 6,462.55
20039 11/24/2004 17,335.00
20038 11/24/2004 20,118.00
20013 11/24/2004 1,496.03
20016 11/24/2004 88.10
20019 11/24/2004 95.00
20024 11/24/2004 31.55
20025 11/24/2004 175.82
20032 11/24/2004 25.00
20035 11/24/2004 133.85
20051 11/30/2004 858.47
20053 11/30/2004 10,837.06
20052 11/30/2004 30,000.00
-----------
Outstanding Checks $111,906.71
===========
INTERMET CORPORATION AND SUBSIDIARIES PERIOD ENDED 11/30/2004
MONTHLY CASH STATEMENT
CASH ACTIVITY ANALYSIS:
CASE # 04-67610
TOOL PRODUCTS - MINNEAPOLIS
--------------------------------------------------------------------
ACCOUNT TYPE LOCKBOX 672990 DEPOSIT AP PR TOTAL
ACCOUNT # 1851811339 104756210449 2176982920 2176983076
BANK Comerica US Bank Comerica Comerica
BEGINNING BANK BALANCE - 1,296 - - 1,296
RECEIPTS 4,121,500 160,211 - - 4,281,711
TRANSFERS IN (CORPORATE) - - 1,230,586 115,225 1,345,811
DIP INFLOW - - - - -
DISBURSEMENTS - (401) (1,230,586) (115,225) (1,346,212)
TRANSFERS OUT (CORPORATE) (4,121,500) (161,105) - - (4,282,606)
DIP REPAYMENT - - - - -
-------------- ------------ ---------- ---------- ----------
ENDING BANK BALANCE - - - - -
WIRES PAID FOR BY CORPORATE 1,205,065 714,935 1,920,000
CHECKS ISSUED 857,141
----------
TOTAL DISBURSEMENTS
(SEE TOTAL DISBURSEMENTS RECONCILIATION) $2,062,206
==========
OUTSTANDING CHECKS AS OF OCTOBER 31 452,420
VOIDED CHECKS OUTSTANDING AS OF OCTOBER 31 -
CHECKS ISSUED IN NOVEMBER 857,141
CHECK CLEARED IN NOVEMBER (1,230,586)
----------
OUTSTANDING CHECKS AS OF NOVEMBER 30
(SEE OUTSTANDING CHECKLIST) $ 78,976
==========
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- ---------------------------------- -------------------
A Finkl & Sons Co $ 1,620
A&C METALS-SAWING INC 545
Aaron Zeidler 983
Abrasive Specialists 450
ACCUMARK,INC 466
ADAMS NUT & BOLT COMPANY 733
Advantage Eng 519
AIR ENGINEERING & SUPPLY 825
AIR HYDRAULIC SYSTEMS 52
Allied International Credit Corp 352
AMERICAN CHEMISTRY COUNCIL 585
ARAMARK REFRESHMENT SERVICES 864
ARROW CRYOGENICS 21,061
ASSOCIATED BAG COMPANY 254
AT&T 173
AVTEC FINISHING SYSTEMS,INC 53
AWD COOLERS 281
BATTERIES PLUS 136
BERNE SCALE CO 161
BOYER FORD 2,510
BRAAS COMPANY 649
BRACH MACHINE INC 508
BROWNING & FERRIS 616
BUHLER INC 4,918
C C DAY COMPANY 76
C.P. VICTOR H. LOPEZ 300
CARBON PRODUCT TECHNOLOGY 445
Carl Amerson 305
CENTERPOINT ENERGY MARKETING 49,919
CENTRAL CONTAINER CORP 33,038
CHEM TREND LIMITED PARTNERSHIP 19,896
Cincinnati Test Systems, Inc 187
CINDY MANCUSO 48
CITY OF NEW HOPE 358
CLARKLIFT OF MINNESOTA 1,612
CMS-CONSOLIDATED MEDICAL SER 270
COMMERCIAL SAW 433
CROWLEY & ASSOCIATES 8,506
Crucible Service Centers 82
Cub Foods 4,001
DADANT & SONS, INC 539
Data Communications Solutions 264
DAVANNIS INC 37
DAVE ALEXANDER 121
DECO TOOL SUPPLY COMPANY 2,590
DEPARTMENT OF SOCIAL SERVICES 150
DIEMER ASSOCIATES INC 15,146
DOALL TWIN CITIES CO 395
DOMS INC 276
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- ---------------------------------- -------------------
DUNCAN COMPANY 605
DWAYNE VOSS 458
DYNAMEX 267
Dynamic Metal Treating, Inc 727
ECO FINISHING 10,900
EDM SALES & SUPPLIES 379
EDM TECH CENTER 493
EDP ENGINEERING GROUP 50,880
ELVIN SAFETY SUPPLY INC 37
Employers Association 783
ENGINEERED PRODUCTS DIVIS 31,377
ENTEGEE/ADVANCE POSSIS 9,586
EXCEL 415
FAMILY SUPPORT PAYMENT CENTER 152
FASTENAL COMPANY 2,184
FEDEX 510
FEDEX FREIGHT EAST 8,415
FERRELLGAS 1,020
Fifth Third Leasing Company 15,054
FIREBRICK ENGINEERING 162
FOUR SEASONS FLORAL & GIFTS 91
FRANCI AMES 104
Fred Froelich 412
GENERAL ELECTRIC CAPITAL 30,807
GERARD DUNNE 103
GLOBAL EXCHANGE SERVICES 129
GOODIN CO 52
Graco 12,000
GREAT RIVER PLASTICS 8,060
Guardair Corporation 101
HARBOR FREIGHT TOOLS 208
Herschal 84
HILDRETH 1,796
Holiday 362
HOSE/CONVEYORS INCORPORATED 1,311
IBM CORP 3,945
IBM LIMITED SPECIAL BILLING 9
IDRAPRINCE INC 12,925
IMPRINT ENTERPRISES 2,373
INDUSTRIAL HYDRAULIC SERVICE 1,202
INLAND PAPERBOARD & PKG, INC 8,982
INTEGRATED SALES & ENGINEERING 2,772
INTERNATIONAL SURFACE PREPARAT 613
Internet Inc. 218
J & L INDUSTRIAL SUPPLY 24
J & W INSTRUMENTS, INC 1,174
JEFF JOHNSON 100
JESCO INDUSTRIAL SUPPLIES 277
JIM SANDELL 355
JOHN HENRY FOSTER CO 413
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- ---------------------------------- -------------------
KILLMER ELEC CO INC 8,749
L & S SERVICES (prev antec) 2,299
LEEF BROS INC 6,362
LIBERTY MUTUAL INSURANCE GROUP 241
Loefflers Safety Shoe 480
LOFTEN LABEL, INC 455
LUBE TECH 2,313
MACHINE TOOL SUPPLY INC 70
Mark Johnson 181
MARODI INC 2,962
MATT HANKEN 53
MATUSHAK LEON 1,244
MCMASTER CARR SUPPLY CO 1,723
MECH TECH INC 4,266
METAL TREATERS INC 5,054
METALMATIC 27,776
METAULLICS SYSTEMS CO. L.P. 1,093
METROCALL 29
Michael Dahlen 34
MICRO-WELD 5,100
MINN CHILD SUPPORT PAYMENT CTR 7,979
MINNESOTA DEPT OF LABOR/IND 80
MINNESOTA DEPT OF REVENUE 200
MINNESOTA GLOVE INC 1,186
Motorola 500
MSC INDUSTRIAL SUPPLY CO INC 475
National Kard 170
NEW DIMENSION PLATING 2,519
NEWARK ELECTRONICS 66
NORANDA ALUMINUM 150,548
NORTH SECOND STREET STEEL 1,519
NORTHERN SANITARY SUPPLY 356
NOTT CO 174
OLMSTED PRODUCTS CO 16,843
OLSEN CHAIN & CABLE 98
Olson General Contractors, Inc 56,200
OSI ENVIRONMENTAL 6,718
P & H SERVICES INC 2,716
P F C EQUIPMENT 644
PAM'S POLISHING 5,450
PARAGON TECHNOLOGIES 587
PERSONNEL RESEARCH SERVICES 482
PETTY CASH 342
Phelps Associates 1,350
PHYGEN, INC 878
PIONEER METAL FINISHING 10,267
POWDER TECH 10,211
PREFERRED SOURCING 158
Process Measurement 393
PRODUCTIVITY INC 1,436
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- ---------------------------------- -------------------
PROGRESSIVE BUSINESS PUBLIC 299
PROGRESSIVE COMPONENTS 1,275
PYROTEK 478
QUAD STEEL 2,606
Quality & Service 90
QUEST ENGINEERING INC 539
QUICKWAY RIGGING AND 2,323
RAY DAY 20
RELIASTAR BANKERS 2,039
RELIASTAR LIFE INSURANCE CO 4,846
REPLENEX (A-1 CUTTING TOOLS) 521
RICE INDUSTRIES 5,329
RICHARD DAMMAR 135
Rick Kramber 55
RIMROCK CORP 10,988
ROBERTS AUTOMATIC PROD INC 8,017
S & S TOOL INC 1,416
S & T OFFICE PRODUCTS INC 851
S.W.ANDERSON 567
SAVOIE SUPPLY CO. INC 1,766
SBC Paging 92
SETON IDENTIFICATION PRODUCTS 164
Shad Nelson 100
Sir Speedy 75
SOFTWARE TECHNOLOGY 395
SOUTHCO, INC 8,150
SPECTRO ALLOYS CORP 897,014
SPECTRUM FINISHING 1,819
SPECTRUM INDUSTRIES 13,099
SPHERION 58,062
Spokesman-Recorder 30
SPRAY RITE INC 46,408
Steve Corey 21
STEVE GROTKIN 3,080
STORK-TWIN CITY TESTING CORP 1,827
Stryko Dynarad Corporation 3,030
SUB-MEX 59,500
THE BRADLEY GROUP 856
THOMAS ZAGER 96
THYSSEN SPECIALTY STEELS 20,267
TILSNER CARTON CO 9,738
TITAN INDUSTRIES 4,724
TOLL COMPANY 1,745
Tooling Associates 1,277
TOSHIBA MACHINE COMPANY 7,222
Total Compliance Solutions Inc 33
TRANS-MAN LOGISTICS, INC 32,629
TROUT ENTERPRISES, INC 805
TRU-TONE FINISHING 7,439
TYCO 121
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- ---------------------------------- -------------------
ULINE SHIPPING SUPPLIES 842
UNITED ELECTRIC CORP 5,062
United Parcel Service 20
UNITED STATES TREASURY 143
UNUM LIFE INS. CO. OF AMERICA 927
Unum Life Insurance Co. of America 13,070
VALMONT/APPLIED COATING TECH 100
VERIZON WIRELESS 218
Voice & Data Networks, Inc 689
WALTER HAMMOND CO 789
WEST WELD 564
WIRE WORX 1,160
WISCONSIN SCTF 202
XCEL ENERGY 59,704
-------------------
TOTALS $ 2,062,206
===================
TOOL PRODUCTS, INC.
CASE NO. 04-67610
AT 11/30/04
MINNEAPOLIS - NOVEMBER BANK RECONCILIATION
Bank Balance -
Actual Outstanding Checks $ 78,975.66
Unadjusted GL Balance 79,474.94
-----------
Difference 499.28
===========
Prepetition check #447048 224.00
Prepetition check #449270 275.28 499.28
------- -----------
$ (0.00)
TOOL PRODUCTS, INC.
CASE NO. 04-67610
MINNEAPOLIS
OUTSTANDING CHECK LIST
CASE NO. 04-67610
CHECK DATE OUTSTANDING
451298 10/12/2004 $ 360.90
451404 10/20/2004 82.00
451552 10/28/2004 366.20
451594 10/28/2004 176.00
451627 11/2/2004 11.69
451630 11/2/2004 91.00
451669 11/4/2004 100.00
451701 11/5/2004 298.60
451704 11/5/2004 171.00
451757 11/8/2004 271.85
451760 11/9/2004 215.00
451778 11/11/2004 75.96
451795 11/11/2004 53.08
451803 11/11/2004 181.25
451812 11/11/2004 500.00
451836 11/11/2004 63.71
451837 11/11/2004 96.34
451840 11/12/2004 275.59
451855 11/15/2004 124.74
451863 11/16/2004 124.08
451872 11/17/2004 62.61
451876 11/18/2004 104.36
451892 11/18/2004 30.00
451893 11/18/2004 10,899.84
451897 11/18/2004 414.82
451902 11/18/2004 15,054.36
451904 11/18/2004 412.00
451935 11/18/2004 146.50
451941 11/18/2004 395.00
451951 11/18/2004 194.38
451957 11/18/2004 200.43
451966 11/22/2004 506.75
451968 11/22/2004 247.65
451969 11/22/2004 393.36
451970 11/22/2004 81.86
451972 11/22/2004 2,362.00
451973 11/23/2004 170.00
451974 11/23/2004 178.50
451975 11/23/2004 170.00
451976 11/23/2004 2,910.00
451978 11/23/2004 653.00
451979 11/23/2004 1,305.46
451980 11/24/2004 33.54
451981 11/24/2004 37.61
451982 11/24/2004 72.54
451983 11/24/2004 492.58
451985 11/24/2004 100.00
451987 11/24/2004 50.00
451988 11/24/2004 173.57
451989 11/24/2004 88.39
451990 11/24/2004 1,689.00
451991 11/24/2004 1,117.19
451992 11/24/2004 25.00
TOOL PRODUCTS, INC.
CASE NO. 04-67610
OUTSTANDING CHECK LIST
CHECK DATE OUTSTANDING
451993 11/24/2004 55.79
451995 11/29/2004 70.34
451996 11/29/2004 52.92
451997 11/29/2004 160.64
451998 11/29/2004 863.85
451999 11/29/2004 179.94
452000 11/29/2004 490.93
452001 11/29/2004 653.19
452002 11/29/2004 19,543.50
452003 11/29/2004 520.00
452004 11/29/2004 341.20
452005 11/29/2004 2,366.50
452006 11/29/2004 567.00
452007 11/29/2004 169.86
452008 11/30/2004 1,568.70
452009 11/30/2004 100.00
452010 11/30/2004 661.68
452011 11/30/2004 262.75
452012 11/30/2004 207.99
452013 11/30/2004 141.01
452014 11/30/2004 233.10
452015 11/30/2004 50.00
452016 11/30/2004 2,020.00
452017 11/30/2004 93.00
452018 11/30/2004 2,922.75
452019 11/30/2004 188.68
452020 11/30/2004 79.05
-----------
Outstanding Checks $ 78,975.66
===========
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: NOVEMBER 30, 2004
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: TOOL PRODUCTS, INC. Capacity: ___ Shareholder
Case Number: 04-67610 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED AT INTERMET
CORPORATION. PLEASE SEE INTERMET CORPORATION (CASE #04-67597) FOR ALL INSIDER
COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance ______ _______
Life Insurance ______ _______
Retirement ______ _______
Company Vehicle ______ _______
Entertainment ______ _______
Travel ______ _______
Other Benefits ______ _______
Total Benefits ______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid ______ _______
Loans ______ _______
Other (Describe) ______ _______
Other (Describe) ______ _______
Other (Describe) ______ _______
Total Other Payments ______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
______ $0
Dated: DECEMBER 20, 2004 ___________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Tool Products, Inc.
Case Number: 04-67610
Intermet Corporation and Subsidiaries
Schedule of In-Force Insurance
POLICY COVERAGE CARRIER POLICY PERIOD
- ----------------- -------------- ----------------
Property Lloyds 11/1/04-11/01/05
Boiler/Machine Hartford 11/1/04-11/01/05
Cargo Fireman's Fund 11/1/04-11/01/05
Truck Cargo Fireman's Fund 11/1/04-11/01/05
Aviation USAIG 11/1/04-11/01/05
Fiduciary St. Paul 11/1/04-11/01/05
Primary D&O St. Paul 11/1/04-11/01/05
Excess D&O Chubb 11/1/04-11/01/05
Side A Platte River 11/1/04-11/01/05
Crime Gulf 11/1/04-12/1/04
General Liability Liberty Mutual 11/1/04-12/22/04
Umbrella National Union 11/1/04-12/22/04
Work Comp Liberty Mutual 11/1/04-12/22/04
Excess Work Comp Liberty Mutual 11/1/04-12/22/04
Auto Liberty Mutual 11/1/04-12/22/04
Foreign (DIC) Liberty Mutual 11/1/04-12/22/04
UNITED STATES BANKRUPTCY COURT
FOR THE EASTERN DISTRICT OF MICHIGAN
TRANSMITTAL OF FINANCIAL REPORTS AND
CERTIFICATION OF COMPLIANCE WITH UNITED STATES TRUSTEE
OPERATING REQUIREMENTS FOR
THE PERIOD ENDED NOVEMBER 30, 2004:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67614
) Chapter 11
) Judge: Marci B. McIvor
WAGNER CASTINGS CO. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
X Operating Statement (Form 2)
X Balance Sheet (Form 3)
X Summary of Operations (Form 4)
X Monthly Cash Statement (Form 5)
X Statement of Compensation (Form 6)
X Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES X NO___
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES X NO___
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES X NO___
5. All United States Trustee Quarterly fees have been paid and are current
YES X NO___
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES X NO___
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: DECEMBER 20, 2004 /s/ Robert E. Belts
------------------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- -------------------
Title Phone
Intermet Corp. and Subsidiaries
Operating Statement
For the Month Ended 11-30-04
($000's)
CASE #04-67614
WAGNER
CASTINGS
-----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales $ 5,512 $10,535
Cost of Goods Sold
Materials and Freight 1,771 3,139
Wages - Hourly 764 1,469
Wages-Salary 390 937
Employee Benefits and Pension 1,179 3,255
Repairs & Maintenance 238 433
Supplies 283 521
Utilities 423 746
Purchased Components/Services 753 1,493
Income(loss) from Pattern Sales (19) (20)
Fixed Asset - (gain/loss) - -
MIS Expense 41 95
Travel & Entertainment 1 5
Other Variable Costs (3) 32
Depreciation & Amortization 356 692
Other Allocated Fixed Costs - -
Other Fixed Costs 153 307
------- -------
Cost of Goods Sold 6,331 13,105
Gross Profit (819) (2,570)
Plant SG&A Expense 29 46
SG&A Expense - Allocation (Sched 1) 177 354
Other Operating Expenses (5) (5)
------- -------
Total Operating Expenses 202 396
Operating Profit (1,020) (2,965)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (46) (91)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations
Other Income/(Expense) 0 4
------- -------
Total Non-Operating Expenses (46) (87)
Income Before Income Taxes (1,066) (3,052)
Income Tax Expense - -
------- -------
Net Income ($ 1,066) ($ 3,052)
======= =======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs (November)
(Allocation of Corporate Costs to Filing Entities)
November
----------
Officer Compensation $ 188,750
Salary Expense other Employees 1,017,948
Employee Benefits and Pension 132,427
Payroll Taxes 38,495
Other Taxes 759.01
Rent and Lease Expense 175,759
Interest Expense
Insurance 37,552
Automobile and Truck Expense 18,167
Utilities(Gas Electric,Phone) 6,437
Depreciation 88,493
Travel and Entertainment 50,237
Repairs and Maintenance 65,952
Advertising/Promotion 258
Supplies, Office Expense 25,936
OTHER:
Contributions 0
Professional Fees - Audit/Tax 131,192
Bank Fees 19,003
Public Reporting Fees 16,000
Employee Relocation/Training 1,880
Data Processing 33,902
Dues and Subscriptions 12,683
Outside Services 135,172
Project Development Costs net of Billings 64,668
Director Fees 25,333
Miscellaneous 2,896
Professional Fees - Bankruptcy 2,790,154
Cost Allocation - Out (172,737)
----------
$4,907,317
==========
Allocation:
Wagner Castings $ 177,312
Northern Castings 46,825
Ironton Iron 0
Lynchburg Foundry 179,333
Columbus Foundry 290,418
Wagner Havana 0
Intermet U.S. Holdings 240,779
Cast-Matic Corp. 76,250
Diversified Diemakers 239,650
Ganton Technologies 155,833
Tool Products 127,416
Intermet Corporation 3,373,501
----------
Total $4,907,317
==========
Intermet Corp. and Subsidiaries
Balance Sheet as Of 11-30-04
CASE #04-67614
WAGNER
CASTINGS
--------------
Cash And Equivalents $ 30
Accounts Receivable 7,969
Short-Term Intercompany Receivables 1
Inventories 4,948
Other Current Assets 720
--------
TOTAL CURRENT ASSETS 13,668
Land and Buildings 2,400
Machinery & Equipment 58,508
Construction In Progress 1,500
--------
Total Fixed Assets 62,408
Accumulated Depreciation (46,671)
--------
NET FIXED ASSETS 15,737
Investment In Subsidiaries 0
Investment In European Operations 0
Long-Term Intercompany Receivables 0
Deferred Taxes, Long-Term Asset 0
Other Assets 197
--------
TOTAL ASSETS $ 29,602
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 1,193
Wages and Salaries (See schedule) 323
Taxes Payable - (See schedule) 133
--------
TOTAL POST PETITION LIABILITIES 1,649
SECURED LIABILITIES:
SECURED BANK DEBT & IDR BONDS 0
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes 0
Accrued Tax - State 0
Accrued Property Taxes 51
Accrued Workers Comp. 1,206
Accrued Payroll 193
Accrued Payroll Taxes
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 1,450
UNSECURED LIABILITIES
Accounts Payable 6,502
IDR Bonds 0
--------
TOTAL UNSECURED LIABILITIES 6,502
OTHER LIABILITIES
Accrued Liabilities 1,516
Short-Term Intercompany Payables 196
Capital Leases 0
Retirement Benefits (1,956)
Deferred Taxes - Long-Term Liability 0
Other Long-Term Liabilities 0
Long-Term Intercompany Payables 6,553
--------
TOTAL LIABILITIES 15,910
Common Stock 0
Capital In Excess Of Par Value 17,027
Retained Earnings - Prepetition (282)
Retained Earnings - Post Petition (3,053)
Equity In European Operations 0
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
--------
TOTAL SHAREHOLDER EQUITY 13,692
--------
TOTAL LIABILITIES AND EQUITY $ 29,602
========
PERIOD ENDED: 11-30-04 WAGNER CASTINGS COMPANY CASE #04-67614
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
10/31/2004 Withheld Deposits 11/30/2004
---------- ------------ ---------- ----------
Income tax withheld: Federal ($ 35,290) ($ 108,275) $ 105,857 ($ 37,707)
Income tax withheld: State (9,216) (28,897) 28,392 (9,720)
Income tax withheld: Local 0 0 0 0
FICA Withheld (20,419) (76,857) 75,831 (21,444)
Employers FICA (20,419) (94,465) 75,831 (39,053)
Unemployment Tax: Federal (11) (120) 74 (58)
Unemployment Tax: State (378) (2,315) 1,586 (1,106)
All Other Payroll W/H (32,410) (72,626) 93,676 (11,359)
State Taxes: Inc./Sales/Use/Excise 0 0 0 0
Property Taxes (6,000) (6,000) 171 (11,829)
Workers Compensation 0 0 0 0
--------- ----------- ---------- ---------
Total ($124,142) ($ 389,554) $ 381,419 ($132,278)
Wages and Salaries (241,181) (776,331) 694,437 (323,075)
--------- ----------- ---------- ---------
Grand Total ($365,322) ($1,165,885) $1,075,855 ($455,352)
========= =========== ========== =========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days Total 0-30 Days 30-60 Days Over 60 Days
Accounts Payable - Post Petition $1,192,593 $1,139,156 $ 53,437
Accounts Receivable -Pre & Post $9,223,481 $8,200,474 $ 227,911 $ 795,096
INTERMET CORPORATION AND SUBSIDIARIES PERIOD ENDED 11/30/2004
MONTHLY CASH STATEMENT
CASH ACTIVITY ANALYSIS: CASE # 04-67614
WAGNER CASTINGS (DECATUR)
--------------------------------------------------------------------------------------------
ACCOUNT TYPE LOCKBOX 771149 DEPOSIT AP CHECKING PR (HOURLY) PR (SALARY) TOTAL
ACCOUNT # 256543 5401086433 2770716518 35223301 2770716500 2770716666
BANK Bank One Stan. Fed. Stan. Fed. First Bank Stan. Fed. Stan. Fed.
BEGINNING BANK BALANCE - - - 28,862 - - 28,862
RECEIPTS 935,096 2,650,346 8,525 337 - - 3,594,304
TRANSFERS IN (CORPORATE) - - 1,941,456 - 226,694 1,934 2,170,084
DIP INFLOW - - - - - - -
DISBURSEMENTS - - (1,949,981) - (226,694) (1,934) (2,178,609)
TRANSFERS OUT (CORPORATE) (935,096) (2,650,346) - - - - (3,585,442)
DIP REPAYMENT - - - - - - -
-------- ---------- ----------- ------ -------- ------ ----------
ENDING BANK BALANCE - - - 29,199 - - 29,199
WIRES PAID FOR BY CORPORATE 1,873,562 743,830 2,617,393
CHECKS ISSUED 1,862,431
-----------
TOTAL DISBURSEMENTS (SEE TOTAL
DISBURSEMENTS RECONCILIATION) $ 3,735,994
===========
OUTSTANDING CHECKS AS OF OCTOBER 31 416,764
VOIDED CHECKS OUTSTANDING AS OF
OCTOBER 31 (2,424)
CHECKS ISSUED IN NOVEMBER 1,862,431
CHECK CLEARED IN NOVEMBER (1,941,456) Includes $ 8,524.92 of checks posted and returned.
-----------
OUTSTANDING CHECKS AS OF NOVEMBER 30
(SEE OUTSTANDING CHECKLIST) $ 335,315
===========
WAGNER CASTINGS, INC. CASE NO. 04-67614
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
------ -------------------
A D BROOKS $ 440
AALSTEC DATA CORP 75
ABB INC 11,543
ACRISON INC 2,130
ADA JACKSON 440
ADP INC 1,505
ADVANCED CARBIDE TOOL 509
AETNA US HEALTHCARE 16,597
AL INDUSTRIAL US LP 82
ALLIED MINERAL PRODUCTS 14,753
ANN ROYER 20
APPLIED PROCESS INC 7,094
ARAMARK UNIFORM SERVICE 4,077
ARCH WIRELESS 1,163
ASI DATAMYTE INC 319
AT&T-UNIVERSAL BILLER 2,793
BALDWIN INTERNATIONAL 399
BARBARA LEE 440
BARRY SALES LTD 360
BEARING DISTRIBUTORS IN 47,578
BEARING HEADQUARTERS CO 166
BEELMAN TRUCK CO 165
BENTONITE PERFORMANCE M 77,625
BERG ENGINEERING 3,200
BETTY HAMILTON 440
BLACK & CO #11 14,735
BODINE ELECTRIC OF DECA 557
BODINE SERVICES INC 1,178
BOULEVARD PROPERTIES 839
BRAMMER STANDARD 187
BRUSKE PRODUCTS 606
BUEL COLE 440
BULLOCK LOGAN 24,012
BUSCHE ENTERPRISE DIVN 91,183
C C FIRE EQUIPMENT CO I 3,380
CARCO INC 446
CARRIER VIBRATING EQUIP 2,878
CASTING EQUIPMENT & SUPPLY 6,027
CENTRAL STEEL & WIRE CO 314
CENTRAL TRANSPORT 619
CHRIS INCORPORATED 1,500
CHRISTY-FOLTZ INC 971
CINGULAR WIRELESS 18
CIRCUIT CITY 454
CLIMATE CONTROL 95,632
COLUMBUS MCKINNON CORP 811
CONNOR CO 2,551
CONTINENTAL CARBONIC PR 185
CRANE PRO SERVICES 2,221
CRI RECYCLING 2,103
WAGNER CASTINGS, INC. CASE NO. 04-67614
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
------ -------------------
CROWN PACKAGING CORP 9,720
CULLIGAN WATER SYSTEMS 204
D & R REBUILDERS CO 245
DAUBER COMPANY 72,240
DAVID J JOSEPH CO 1,258,000
DAVID RIGHTNOWAR 440
DE LAGE LANDEN FIN SERVICES 1,965
DECATUR BLUEPRINT CO 186
DECATUR FOUNDRY INC 1,227
DECATUR INDUSTRIAL ELEC 178
DECATUR PRIDE CHECKER C 9
DIDION INTERNATIONAL IN 2,833
DISA GOFF INC 4,897
DISA INDUSTRIES INC 52,665
DONALD POE 440
DONALD SCHELL 440
DONALDSON CO INC 901
DONNELLY AUTOMOTIVE MAC 1,591
DORSEY PIRTLE 440
DUCA MFG & CONSULTING I 10,405
DUNKER ELECTRIC 252
DYNAMIC AIR INC 13,747
ELECTRO-NITE CO 5,670
ELKEM METALS INC 75,960
ENGLEWOOD 2,910
ENTERPRISE GROUP 1,900
FAMILY SUPPORT PAYMENT 293
FANUC ROBOTICS 4,200
FEDEX 84
FLOYD ANDERSON 440
FOSECO INC 11,394
FRANK MATTHEWS 440
FRANK REED 440
FRISBY PMC 240,544
G G BARNETT TRANSPORT 3,272
GARD SPECIALISTS CO INC 168
GE CAPITAL 2,724
GENERAL KINEMATICS CORP 7,581
GERDAU AMERISTEEL 5,434
GLENN ZILLS 440
GOGAN MACHINE 11,192
GRAHAM WELDING 710
GRAINGER INC 2,771
GREGG OLDFIELD 64
GULLY TRANSPORTATION 6,356
HA INTERNATIONAL LLC 22,852
HAGERTY BROTHERS CO 8,910
HARRY BOND 440
HARRY E HILLS & ASSOC 5,005
HASLER 224
WAGNER CASTINGS, INC. CASE NO. 04-67614
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
------ -------------------
HICKMAN WILLIAMS & CO 6,961
HI-TEMP INC 2,193
HTE TECHNOLOGIES 4,095
I SQUARED R ELEMENT 167
ILL STUDENT ASSISTANCE 178
ILLINOIS POWER CO 251,601
ILLINOIS STATE CHAMBER 1,100
INTERNAL REVENUE SERVIC 5,083
IVORY CURRY 440
J C JELKS 440
J D FINLEY 440
JAMES GAVIN 440
JAMES JONES 669
JAMES REED 440
JER INDUSTRIAL SERVICES 1,950
JERRY BUCKLEY 640
JERRY SHERWOOD 440
JOHN H GERMERAAD - TRUS 1,891
JOHN HENRY FOSTER CO 758
KANSAS PAYMENT CENTER 277
KENT RUDBECK 318
KFA CALIBRATION 1,200
KING-LAR CO 1,670
KIRBY RISK CORP 285
L & N INDUSTRIES INC 4,105
LAND OF LINCOLN CREDIT 56,363
LARPEN METALLURGICAL SE 53,713
LARRY BONNELL 440
LARRY HAYES 440
LEADING EDGE ENTERPRISE 7,500
LEVOY REED 440
LOCAL #6-728 PACE 6,666
LOUIS THOMAS 440
LYNN ZASADA 440
M H EQUIPMENT CORP 2,470
MAC EQUIPMENT INC 147
MACHINE PRODUCTS 12,240
MADISON GLENN 339
MARTIN BROS CONTAINER & 3,732
MARTIN BRUMETT 522
MARVIN KELLER TRUCKING 400
MCMASTER-CARR SUPPLY CO 1,287
MENNIE'S MACHINE CO 85,084
METOKOTE CORP 20,128
METRO METAL PRODUCTS IN 24,683
METTLER CENTER AT THE CROSSING 432
MG INDUSTRIES 2,940
MICHAEL E CLARK DPM 150
MICHAEL HENEGHAN 1,456
MICROTEK PATTERN INC 3,000
WAGNER CASTINGS, INC. CASE NO. 04-67614
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
------ -------------------
MIDWEST CREDIT & COLLEC 613
MISSOURI REFRACTORIES C 1,120
MORGAN DISTRIBUTING INC 5,521
MORGAN EXPRESS 36,203
MORSE DRIVEWAYS 2,000
MOTION INDUSTRIES INC 71
NATIONAL CITY BANK 17,022
NATIONAL CITY BANK OF MI/IL 1,675
NIRMAL DATTA 271
NORFOLK SOUTHERN RAILWAY CO 5,080
NORTH STAR IMAGING 3,841
ONYX WASTE SERVICES MID 40,713
PAUL ALTHOFF 501
PECHINEY WORLD TRADE 65,080
PEERLESS METAL POWDERS 14,630
PERFECTION SERVO HYDRAU 3,859
PETRONOL CORP OF INDIAN 2,350
PETTY CASH 529
PHILLIP DANNEWITZ 440
PIONEER INDUSTRIAL 500
POWER SUPPLY OF ILLINOIS 1,970
PRAIRIE IDEALEASE 1,449
PRIMETRADE 71,916
PROCESS EQUIPMENT & CON 663
R D MCMILLEN ENTERPRISE 2,376
REFRACTORY SALES & SRV 2,664
RENEE HADDEN 200
RENTAL SERVICE CORP 1,367
RICHARD COLE 440
RICK WALLACE 113
ROBERT LOWRY 440
ROBERTS SINTO CORP 4,239
ROGER L ECHELMEIER CO 70
ROLAND MABRY 440
ROTARY CLUB OF DECATUR 163
RYAN EQUIPMENT & SUPPLY 116
S J SMITH WELDING SUPPL 8,159
SAFETY-KLEEN CORP 99
SBC GLOBAL SERVICES INC 3,733
SECURITAS SEC SVCS USA 10,072
SHEPARD NILES INC 13,076
SHERMAN BAINE 440
SIMPSON TECHNOLOGIES 4,958
SLIGO STEEL 2,913
SOUTHERN IL HAND CENTER 378
SPRINGFIELD ELEC SUPPLY 8,230
STEINER ELECTRIC 761
STERICYCLE INC 193
STONE CONTAINER CORP 12,217
STRIGLOS OFFICE EQUIPME 1,113
WAGNER CASTINGS, INC. CASE NO. 04-67614
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
------ -------------------
SUNBELT RENTALS 4,570
TAX COMMISSIONER 171
TENNECO 6,270
TEPEE LOGISTICS 625
THOMAS BOWDRE 440
TPC WIRE & CABLE 142
TRACY CAUSEY 48
TRANSMAN 38,273
TUBE CITY 98,500
TYDUS GREEN 440
U S HARDWOOD PRODUCTS 16,043
UNION PLANTERS TRUST & 2,650
UNITED WAY OF DEC & MID 992
UNITHERM FURNACE CORP 27,607
US DEPARTMENT OF LABOR 1,900
US OIL CO INC-ENERGY SERV DIV 186,940
US POSTAL SERVICE 3,000
USF HOLLAND 159
VERIZON WIRELESS 1,008
WABEL TOOL CO 84,620
WALLENDER-DEDMAN PRINTI 2,275
WALZ EQUIPMENT 3,198
WAREHAM'S SECURITY SERV 264
WASTE MANAGEMENT 696
WEDRON SILICA COMPANY 5,348
WHITING CORP 7,877
WI SCTF 379
WILKENS-ANDERSON CO 370
WILLIAM A KIBBE & ASSOC 2,820
WILLIAM WALKER 440
WILLIE LEE GREEN 440
X-R-I TESTING DIV 2,761
ZEP MFG CO 1,309
-----------
TOTALS $ 3,735,994
===========
WAGNER CASTINGS, INC.
CASE # 04-67614
AT 11/30/04
DECATUR - NOVEMBER BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 335,315.45
Unadjusted GL Balance 335,315.45
-----------
Unreconciled Difference $ -
===========
WAGNER CASTINGS, INC.
OUTSTANDING CHECKS
CASE # 04-67614
CHECK DATE OUTSTANDING
116222 10/28/2004 $ 73.07
116365 11/5/2004 75.00
116396 11/5/2004 4,569.73
116524 11/24/2004 4,304.29
116526 11/24/2004 5,756.40
116527 11/24/2004 351.60
116528 11/24/2004 6,027.00
116530 11/24/2004 250.00
116532 11/24/2004 186.36
116533 11/24/2004 252.00
116537 11/24/2004 1,564.32
116538 11/24/2004 710.00
116539 11/24/2004 2,297.02
116540 11/24/2004 4,525.26
116541 11/24/2004 167.20
116542 11/24/2004 167.29
116544 11/24/2004 69.23
116548 11/24/2004 2,965.20
116549 11/24/2004 440.72
116550 11/24/2004 431.50
116551 11/24/2004 5,080.00
116553 11/24/2004 102.54
116554 11/24/2004 500.23
116555 11/24/2004 113.02
116556 11/24/2004 69.90
116557 11/24/2004 3,234.27
116558 11/24/2004 2,023.62
116559 11/24/2004 378.00
116560 11/24/2004 105.99
116564 11/24/2004 396.00
116575 11/29/2004 1,426.61
116576 11/29/2004 3,119.80
116577 11/29/2004 1,177.73
116578 11/29/2004 4,212.00
116579 11/29/2004 932.60
116580 11/29/2004 3,399.17
116582 11/29/2004 2,221.20
116584 11/29/2004 11,938.56
116585 11/29/2004 167.88
116586 11/29/2004 1,799.88
116587 11/29/2004 223.50
116588 11/29/2004 1,200.00
116589 11/29/2004 338.00
116590 11/29/2004 2,059.46
116591 11/29/2004 4,447.80
116592 11/29/2004 1,850.46
116593 11/29/2004 150.00
116594 11/29/2004 1,110.62
116595 11/29/2004 7,351.63
116596 11/29/2004 2,000.00
116597 11/29/2004 1,675.00
116598 11/29/2004 781.98
116599 11/29/2004 587.00
116600 11/29/2004 2,202.06
OUTSTANDING CHECK LIST
CHECK DATE OUTSTANDING
116601 11/29/2004 13,476.15
116602 11/29/2004 696.00
116609 11/30/2004 7,093.91
116610 11/30/2004 238.21
116611 11/30/2004 12,864.11
116612 11/30/2004 6,640.76
116613 11/30/2004 177.96
116614 11/30/2004 3,507.00
116615 11/30/2004 21,914.90
116616 11/30/2004 542.78
116617 11/30/2004 352.90
116618 11/30/2004 63.60
116619 11/30/2004 2,471.84
116621 11/30/2004 3,000.00
116622 11/30/2004 2,965.20
116623 11/30/2004 1,185.73
116624 11/30/2004 1,057.54
116625 11/30/2004 810.56
116626 11/30/2004 2,110.60
116627 11/30/2004 1,190.00
116628 11/30/2004 378.00
116629 11/30/2004 171.36
116630 11/30/2004 1,900.00
116631 11/30/2004 702.96
116632 11/30/2004 32,540.19
120514 11/22/2004 545.51
120518 11/22/2004 87.05
120521 11/22/2004 240.00
120522 11/22/2004 7,080.00
120525 11/23/2004 618.67
120526 11/23/2004 504.62
120527 11/23/2004 86.99
120529 11/23/2004 1,970.00
120530 11/23/2004 8,755.50
120531 11/23/2004 121.34
120532 11/23/2004 1,200.00
120535 11/23/2004 4,698.85
120536 11/23/2004 3,510.72
120538 11/24/2004 4,694.82
120539 11/24/2004 1,025.00
120540 11/24/2004 76.16
120542 11/24/2004 14,448.00
120543 11/24/2004 495.00
120544 11/24/2004 1,768.46
120545 11/24/2004 2,387.50
120546 11/29/2004 351.46
120547 11/29/2004 3,945.48
120548 11/29/2004 26,814.00
120549 11/30/2004 123.00
120550 11/30/2004 12,206.09
120602 11/12/2004 2,387.50
120622 11/17/2004 82.36
120644 11/17/2004 3,890.19
120649 11/17/2004 146.78
120655 11/17/2004 193.80
120669 11/18/2004 2,387.50
120680 11/18/2004 3,369.60
OUTSTANDING CHECK LIST
CHECK DATE OUTSTANDING
120550 11/30/2004 12,206.09
120688 11/19/2004 1,170.72
120747 11/5/2004 1,564.32
120757 11/8/2004 120.98
120770 11/10/2004 280.52
120779 11/11/2004 355.00
------------
Outstanding Checks $ 335,315.45
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: NOVEMBER 30, 2004
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: WAGNER CASTINGS CO. Capacity: ___ Shareholder
Case Number: 04-67614 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $0
Dated: DECEMBER 20, 2004
__________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Intermet Corporation and Subsidiaries Wagner Castings Company
Schedule of In-Force Insurance Case Number: 04-67614
POLICY COVERAGE CARRIER POLICY PERIOD
- ----------------- -------------- ----------------
Property Lloyds 11/1/04-11/01/05
Boiler/Machine Hartford 11/1/04-11/01/05
Cargo Fireman's Fund 11/1/04-11/01/05
Truck Cargo Fireman's Fund 11/1/04-11/01/05
Aviation USAIG 11/1/04-11/01/05
Fiduciary St. Paul 11/1/04-11/01/05
Primary D&O St. Paul 11/1/04-11/01/05
Excess D&O Chubb 11/1/04-11/01/05
Side A Platte River 11/1/04-11/01/05
Crime Gulf 11/1/04-12/1/04
General Liability Liberty Mutual 11/1/04-12/22/04
Umbrella National Union 11/1/04-12/22/04
Work Comp Liberty Mutual 11/1/04-12/22/04
Excess Work Comp Liberty Mutual 11/1/04-12/22/04
Auto Liberty Mutual 11/1/04-12/22/04
Foreign (DIC) Liberty Mutual 11/1/04-12/22/04
UNITED STATES BANKRUPTCY COURT
FOR THE EASTERN DISTRICT OF MICHIGAN
TRANSMITTAL OF FINANCIAL REPORTS AND
CERTIFICATION OF COMPLIANCE WITH UNITED STATES TRUSTEE
OPERATING REQUIREMENTS FOR
THE PERIOD ENDED NOVEMBER 30, 2004:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67611
) Chapter 11
) Judge: Marci B. McIvor
WAGNER HAVANA, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting
of:
X Operating Statement (Form 2)
X Balance Sheet (Form 3)
X Summary of Operations (Form 4)
X Monthly Cash Statement (Form 5)
X Statement of Compensation (Form 6)
X Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES X NO___
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(if not, attach written explanation)
YES X NO___
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(if not, attach written explanation)
YES X NO___
5. All United States Trustee Quarterly fees have been paid and are current
YES X NO___
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES X NO___
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: DECEMBER 20, 2004
/s/ Robert E. Belts
------------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- -----------------
Title Phone
Intermet Corp. and Subsidiaries
Operating Statement
For the Month Ended 11-30-04
($000's)
CASE #04-67611
WAGNER
HAVANA
---------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales $ 0 $ 0
Cost of Goods Sold
Materials and Freight - -
Wages - Hourly - -
Wages-Salary - -
Employee Benefits and Pension 97 103
Repairs & Maintenance - -
Supplies 0 0
Utilities 0 0
Purchased Components/Services (0) (1)
Income(loss) from Pattern Sales - -
Fixed Asset - (gain/loss) - -
MIS Expense - 1
Travel & Entertainment - -
Other Variable Costs - 8
Depreciation & Amortization - -
Other Allocated Fixed Costs - -
Other Fixed Costs 24 41
----- -----
Cost of Goods Sold 121 152
Gross Profit (121) (152)
Plant SG&A Expense - -
SG&A Expense - Allocation (Sched 1) - -
Other Operating Expenses - -
----- -----
Total Operating Expenses - -
Operating Profit (121) (152)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (5) (5)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations
Other Income/(Expense) 3 (20)
----- -----
Total Non-Operating Expenses (2) (25)
Income Before Income Taxes (123) (177)
Income Tax Expense - -
----- -----
Net Income ($123) ($177)
===== =====
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs (November)
(Allocation of Corporate Costs to Filing Entities)
November
-----------
Officer Compensation $ 188,750
Salary Expense other Employees 1,017,948
Employee Benefits and Pension 132,427
Payroll Taxes 38,495
Other Taxes 759.01
Rent and Lease Expense 175,759
Interest Expense
Insurance 37,552
Automobile and Truck Expense 18,167
Utilities(Gas Electric,Phone) 6,437
Depreciation 88,493
Travel and Entertainment 50,237
Repairs and Maintenance 65,952
Advertising/Promotion 258
Supplies, Office Expense 25,936
OTHER:
Contributions 0
Professional Fees - Audit/Tax 131,192
Bank Fees 19,003
Public Reporting Fees 16,000
Employee Relocation/Training 1,880
Data Processing 33,902
Dues and Subscriptions 12,683
Outside Services 135,172
Project Development Costs net of Billings 64,668
Director Fees 25,333
Miscellaneous 2,896
Professional Fees - Bankruptcy 2,790,154
Cost Allocation - Out (172,737)
-----------
$ 4,907,317
===========
Allocation:
Wagner Castings $ 177,312
Northern Castings 46,825
Ironton Iron 0
Lynchburg Foundry 179,333
Columbus Foundry 290,418
Wagner Havana 0
Intermet U.S. Holdings 240,779
Cast-Matic Corp. 76,250
Diversified Diemakers 239,650
Ganton Technologies 155,833
Tool Products 127,416
Intermet Corporation 3,373,501
-----------
Total $ 4,907,317
===========
Intermet Corp. and Subsidiaries
Balance Sheet as Of 11-30-04
CASE #04-67611
--------------
WAGNER
HAVANA
--------------
Cash And Equivalents $ 0
Accounts Receivable 71
Short-Term Intercompany Receivables 7
Inventories 248
Other Current Assets 0
--------
TOTAL CURRENT ASSETS 326
Land and Buildings 1,633
Machinery & Equipment 14,700
Construction In Progress 0
--------
Total Fixed Assets 16,333
Accumulated Depreciation (8,640)
--------
NET FIXED ASSETS 7,693
Investment In Subsidiaries 0
Investment In European Operations 0
Long-Term Intercompany Receivables 0
Deferred Taxes, Long-Term Asset 0
Other Assets 0
--------
TOTAL ASSETS $ 8,019
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 21
Wages and Salaries (See schedule) 22
Taxes Payable - (See schedule) 166
--------
TOTAL POST PETITION LIABILITIES 209
SECURED LIABILITIES:
SECURED BANK DEBT & IDR BONDS 0
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes 0
Accrued Tax - State 3
Accrued Property Taxes 63
Accrued Workers Comp 293
Accrued Payroll 119
Accrued Payroll Taxes
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 478
UNSECURED LIABILITIES
Accounts Payable 352
IDR Bonds 0
--------
TOTAL UNSECURED LIABILITIES 352
OTHER LIABILITIES
Accrued Liabilities 9
Short-Term Intercompany Payables 0
Capital Leases 0
Retirement Benefits 0
Deferred Taxes - Long-Term Liability 0
Other Long-Term Liabilities 0
Long-Term Intercompany Payables 7,580
--------
TOTAL LIABILITIES 8,628
Common Stock 0
Capital In Excess Of Par Value 9,349
Retained Earnings - Prepetition (9,781)
Retained Earnings - Post Petition (177)
Equity In European Operations 0
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
--------
TOTAL SHAREHOLDER EQUITY (609)
--------
TOTAL LIABILITIES AND EQUITY $ 8,019
========
PERIOD ENDED: 11-30-04 WAGNER HAVANA CASE #04-67611
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments/ as of
10/31/2004 Withheld Deposits 11/30/04
---------- --------- --------- ---------
Income tax withheld: Federal ($ 2,432) ($ 4,167) $4,588 ($ 2,011)
Income tax withheld: State 0 (465) 465 0
Income tax withheld: Local 0 0 0 0
FICA Withheld (295) 0 0 (295)
Employers FICA (51,801) 0 0 (51,801)
Unemployment Tax: Federal 0 0 0 0
Unemployment Tax: State 0 0 0 0
All Other Payroll W/H 0 0 0 0
State Taxes: Inc./Sales/Use/Excise 0 0 0 0
Property Taxes (7,015) (7,015) 0 (14,030)
Workers Compensation (98,000) 0 0 (98,000)
--------- -------- ------ ---------
Total ($159,543) ($11,647) $5,053 ($166,137)
Wages and Salaries (21,751) 0 0 (21,751)
--------- -------- ------ ---------
Grand Total ($181,294) ($11,647) $5,053 ($187,888)
========= ======== ====== =========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) Total 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $21,404 $21,404 $ 0 $ 0
Accounts Receivable $41,680 $ 5,001 $ 0 $ 36,679
INTERMET CORPORATION AND SUBSIDIARIES PERIOD ENDED 11/30/2004
MONTHLY CASH STATEMENT
CASH ACTIVITY ANALYSIS:
CASE # 04-67611
WAGNER HAVANA
----------------------------------------------------------
ACCOUNT TYPE DEPOSIT AP PR (HOURLY) PR (SALARY)
ACCOUNT # 5401086441 2770716534 2770716526 2770716674
BANK Stan. Fed. Stan. Fed. Stan. Fed. Stan. Fed. TOTAL
---------- ---------- ----------- ----------- -------
BEGINNING BANK BALANCE - - - - -
RECEIPTS 334 - - - 334
TRANSFERS IN (CORPORATE) - 19,938 1,288 - 21,227
DIP INFLOW - - - - -
DISBURSEMENTS - (19,938) (1,288) - (21,227)
TRANSFERS OUT (CORPORATE) (334) - - - (334)
DIP REPAYMENT - - - - -
----------------------------------------------------------
ENDING BANK BALANCE - - - - 0.00
WIRES PAID FOR BY CORPORATE - 36,069 36,069
CHECKS ISSUED 18,331
--------
TOTAL DISBURSEMENTS $ 18,331
========
OUTSTANDING CHECKS AS OF OCTOBER 31 6,134
VOIDED CHECKS OUTSTANDING AS OF OCTOBER 31 -
CHECKS ISSUED IN NOVEMBER 18,331
CHECK CLEARED IN NOVEMBER (19,938)
--------
OUTSTANDING CHECKS AS OF NOVEMBER 30
(SEE OUTSTANDING CHECKLIST) $ 4,527
========
WAGNER HAVANA, INC. CASE NO. 04-67611
CASH DISBURSEMENTS
NOVEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- -------------------------- -------------------
AMERENCIPS (ELECTRIC) $ 8,153
AREA DISPOSAL SERVICE 330
AUTOMATIC DATA PROC-ST 201
CITY OF HAVANA 110
ILL-MO PRODUCTS CO 13
MASON COUNTY CIRCUIT CLERK 450
SAFETY-KLEEN CORP 700
SECURITAS SECURITY SERV 8,374
-------
TOTALS $18,331
=======
WAGNER HAVANA, INC.
CASE NO. 04-67611
AT 11/30/04
HAVANA - NOVEMBER BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 4,526.93
==========
Unadjusted GL Balance 6,388.20
----------
Prepetition Checks to be Voided $(1,861.27)
==========
WAGNER HAVANA, INC.
OUTSTANDING CHECKS
CASE NO. 04-67611
CHECK DATE OUTSTANDING
52187 11/29/2004 $ 110.43
52188 11/29/2004 632.35
52189 11/29/2004 700.00
52190 11/29/2004 12.56
52191 11/29/2004 330.27
52192 11/29/2004 150.00
52193 11/29/2004 2,090.34
52194 11/29/2004 200.98
52197 11/12/2004 300.00
----------
Outstanding Checks $ 4,526.93
==========
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: NOVEMBER 30, 2004
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: WAGNER HAVANA, INC. Capacity: ___ Shareholder
Case Number: 04-67611 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $0
Dated: DECEMBER 20, 2004
__________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Intermet Corporation and Subsidiaries Wagner Havana, Inc.
Schedule of In-Force Insurance Case Number: 04-67611
POLICY COVERAGE CARRIER POLICY PERIOD
- ----------------- -------------- ----------------
Property Lloyds 11/1/04-11/01/05
Boiler/Machine Hartford 11/1/04-11/01/05
Cargo Fireman's Fund 11/1/04-11/01/05
Truck Cargo Fireman's Fund 11/1/04-11/01/05
Aviation USAIG 11/1/04-11/01/05
Fiduciary St. Paul 11/1/04-11/01/05
Primary D&O St. Paul 11/1/04-11/01/05
Excess D&O Chubb 11/1/04-11/01/05
Side A Platte River 11/1/04-11/01/05
Crime Gulf 11/1/04-12/1/04
General Liability Liberty Mutual 11/1/04-12/22/04
Umbrella National Union 11/1/04-12/22/04
Work Comp Liberty Mutual 11/1/04-12/22/04
Excess Work Comp Liberty Mutual 11/1/04-12/22/04
Auto Liberty Mutual 11/1/04-12/22/04
Foreign (DIC) Liberty Mutual 11/1/04-12/22/04