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 DECEMBER 31, 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: JANUARY 20, 2005 /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 12-31-04
($000's)
CASE # 04-67597
INTERMET
CORP(*)
-----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales $ 45,596 $ 158,864
Cost of Goods Sold
Materials and Freight 16,768 58,861
Wages - Hourly 7,968 26,831
Wages-Salary 2,822 8,534
Employee Benefits and Pension 7,264 19,944
Repairs & Maintenance 2,309 7,343
Supplies 2,969 8,748
Utilities 3,442 9,658
Purchased Components/Services 3,389 12,535
Income(loss) from Pattern Sales 301 (306)
Fixed Asset - (gain/loss) (36) (110)
MIS Expense 238 761
Travel & Entertainment 41 122
Other Variable Costs 1,843 7,028
Depreciation & Amortization 2,734 8,989
Other Allocated Fixed Costs 627 1,241
Other Fixed Costs 441 2,617
------------- ------------------
Cost of Goods Sold 53,120 172,796
Gross Profit (7,524) (13,932)
Plant SG&A Expense 9 388
SG&A Expense - Allocation (Sched 1) 5,223 14,535
Other Operating Expenses 136 51
------------- ------------------
Total Operating Expenses 5,368 14,974
Operating Profit (12,892) (28,906)
Outside Interest Income 78 255
Outside Interest (Expense) (1,379) (5,246)
Intercompany Interest Income 1 2
Intercompany Interest (Expense) - (1)
Charges (From) Affiliates (1,534) (4,602)
Charges To Affiliates 1,600 4,800
Income/Loss From European Operations 914 1,294
Other Income/(Expense) 3 18
------------- ------------------
Total Non-Operating Expenses (317) (3,480)
Income Before Income Taxes (13,209) (32,386)
Income Tax Expense 140 438
------------- ------------------
Net Income ($ 13,349) ($ 32,824)
============= ==================
(*) 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 December
(Allocation of Corporate Costs to Filing Entities)
(000's)
December
--------
Officer Compensation $ 189
Salary Expense other Employees 799
Employee Benefits and Pension (23)
Payroll Taxes 39
Other Taxes 0
Rent and Lease Expense 220
Interest Expense
Insurance 36
Automobile and Truck Expense 1
Utilities(Gas Electric,Phone) 84
Depreciation 128
Travel and Entertainment 55
Repairs and Maintenance 51
Advertising/Promotion 0
Supplies, Office Expense 26
OTHER:
Contributions 0
Professional Fees - Audit/Tax 131
Bank Fees 147
Public Reporting Fees 16
Employee Relocation/Training 11
Data Processing 19
Dues and Subscriptions 11
Outside Services 114
Project Development Costs net of Billings (34)
Director Fees 25
Miscellaneous 19
Professional Fees - Bankruptcy 3,428
Cost Allocation - Out (267)
--------
$ 5,223
========
Allocation:
Wagner Castings 177
Northern Castings 47
Ironton Iron 0
Lynchburg Foundry 179
Columbus Foundry 290
Wagner Havana 0
Intermet U.S. Holdings 241
Cast-Matic Corp. 76
Diversified Diemakers 240
Ganton Technologies 156
Tool Products 127
Intermet Corporation 3,689
--------
Total $ 5,223
========
INTERMET Corp. and Subsidiaries
Balance Sheet as of 12-31-04
DECEMBER NOVEMBER
--------------- ---------------
CASE # 04-67597 CASE # 04-67597
INTERMET INTERMET
CORP(*) CORP (*)
--------------- ---------------
Cash And Equivalents $ 1,729 $ 5,329
Accounts Receivable 74,921 87,987
Short-Term Intercompany Receivables (11) (5)
Inventories 48,238 46,969
Other Current Assets 8,347 7,178
--------------- ---------------
TOTAL CURRENT ASSETS 133,224 147,458
Land and Buildings 113,391 114,562
Machinery & Equipment 443,398 403,639
Construction In Progress 5,347 10,340
--------------- ---------------
Total Fixed Assets 562,136 528,541
Accumulated Depreciation (336,207) (299,075)
--------------- ---------------
NET FIXED ASSETS 225,929 229,466
Investment In Subsidiaries (2) (2)
Investment In European Operations 95,755 91,594
Long-Term Intercompany Receivables 0 0
Deferred Taxes, Long-Term Asset 641 147
Other Assets 189,959 189,367
--------------- ---------------
TOTAL ASSETS $ 645,506 $ 658,030
=============== ===============
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 9,799 $ 10,871
Wages and Salaries (See schedule) 2,546 3,887
Taxes Payable - (See schedule) 2,893 2,416
--------------- ---------------
TOTAL POST PETITION LIABILITIES 15,238 17,174
SECURED LIABILITIES:
SECURED BANK DEBT & IDR Bonds 164,900 163,900
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes 607 607
Accrued Tax - State (297) (269)
Accrued Property Taxes 270 324
Accrued Workers Comp. 7,929 8,139
Accrued Payroll 2,923 3,547
Accrued Payroll Taxes 0 0
--------------- ---------------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 11,432 12,348
UNSECURED LIABILITIES
Accounts Payable 64,192 64,850
IDR Bonds 177,000 177,000
--------------- ---------------
TOTAL UNSECURED LIABILITIES 241,192 241,850
OTHER LIABILITIES
Accrued Liabilities 38,023 39,244
Short-Term Intercompany Payables (5) 0
Capital Leases 504 532
Retirement Benefits 81,649 79,298
Deferred Taxes - Long-Term Liability (3,838) (3,838)
Other Long-Term Liabilities 7,509 7,743
Long-Term Intercompany Payables (699) (584)
Minority Interest 0
--------------- ---------------
TOTAL LIABILITIES 555,905 557,667
Common Stock 2,605 2,605
Capital In Excess Of Par Value 36,201 36,201
Retained Earnings - Prepetition 8,831 8,831
Retained Earnings - Post Petition (33,860) (19,855)
Equity In European Operations 95,755 91,594
Accumulated Translation Adjustment 3,860 3,861
Minimum Pension Liability Adjustment (23,600) (22,683)
Unearned Restricted Stock (191) (191)
--------------- ---------------
TOTAL SHAREHOLDER EQUITY 89,601 100,363
--------------- ---------------
Total Liabilities And Equity $ 645,506 $ 658,030
=============== ===============
(*) 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.
Note 2:
The "Investment in European Operations" is net of $43,262 in December and
$42,057 in November representing an intercompany liability of Intermet
Corporation to our non-debtor European Operations. If this amount were to be
reclassified as a separate intercompany liability rather than a reduction in the
amount of Intermet's Investment in European Operations, it could be subject to
cancellation or compromise. We are currently evaluating the treatment of this
intercompany liability with our tax and other advisors in order to determine the
ultimate effect of this intercompany liability, if any, upon the Debtors.
PERIOD ENDED: 12-31-04 INTERMET CORPORATION CASE #04-67597
CORPORATE BOOKS ONLY - NO SUBS
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
11/30/2004 Withheld Deposits 12/31/2004
----------- ----------- ---------- -----------
Income tax withheld: Federal $ 0 ($ 198,608) $ 198,608 $ 0
Income tax withheld: State 0 (38,562) 38,562 0
Income tax withheld: Local 0 (236) 236 0
FICA Withheld (137) (39,017) 39,154 0
Employers FICA (137) (41,680) 39,154 (2,663)
Unemployment Tax: Federal (0) 110 (110) (0)
Unemployment Tax: State 0 807 (807) 0
All Other Payroll W/H (59,169) (137,158) 99,142 (97,184)
State Taxes: Inc./Sales/Use/Excise (187,652) (331,500) 0 (519,152)
(65,169) 0 0 (65,169)
Property Taxes (3,200) (1,600) 0 (4,800)
Workers Compensation 0 0 0 0
----------- ----------- ---------- -----------
Total ($ 315,464) ($787,444) $ 413,940 ($ 688,969)
Wages and Salaries (890,316) (645,926) 10,061 (1,526,181)
----------- ----------- ---------- -----------
Grand Total ($1,205,780) ($1,433,371) $ 424,001 ($2,215,150)
=========== =========== ========== ===========
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 $1,984,718 $1,881,282 $ 103,436
Accounts Receivable N/A
INTERMET CORPORATION AND SUBSIDIARIES PERIOD ENDED 12/31/04
MONTHLY CASH STATEMENT
CASE # 04-67597
INTERMET CORPORATION
ACCOUNT TYPE CONCEN. CONCEN. CONCEN. DEPOSIT DEPOSIT DEPOSITORY AP
Account # 1054530796 1851811305 1599333 5401086482 8800789144 1096643 2770716377
Bank Stan. Fed. Comerica Bank One Stan. Fed. Suntrust - Closed Bank One Stan. Fed.
Beginning Bank Balance 2,507,623 1,321,705 971,638 - - - -
Receipts 7,654,195 100 6,624,021 615,466 - 27,322 -
Transfers In 34,144,951 20,092,887 8,388,544 - - - 1,072,983*
Dip Inflow 34,404,909 - - - - - -
Disbursements (34,877,442) (856,007) (721,131) (762) - - (1,072,983)
Transfers Out (18,463,336) (11,636,107) (15,000,000) (614,704) - (27,322) -
Dip Repayment (24,990,917) (8,413,992) - - - - -
----------- ----------- ----------- ---------- ----------------- ---------- -----------
Ending Bank Balance 379,983 508,587 263,072 - - - -
Corporate Wires Paid for Corporate 10,577,987
Corporate Wires Paid on Behalf of Plants 25,869,720
-----------
Wires Paid by Corporate 36,447,707
Checks Issued 1,149,727
-----------
Total Disbursements (See Total Disbursements Reconciliation) $37,597,435
===========
Outstanding Checks As of November 30 244,419
Voided Checks Outstanding as of November -
Checks Issued in December 1,149,727
Check Cleared in December *$550 represents tax service fees not paid with a check. (1,072,433)
-----------
Outstanding Checks as of December 31 (See Outstanding Checklist) $ 321,714
===========
ACCOUNT TYPE PR BENEFITS BENEFITS HECKING ENVIRONMENTAL
Account # 2770716716 502756 611996 1385313 400806.1
Bank Stan. Fed. Bank One Bank One Bank One Lasalle
Beginning Bank Balance - - - - 3,090,619
Receipts - - - - 3,724
Transfers In 623,629 68,040 359,144 - -
Dip Inflow - - - - -
Disbursements (623,629) - (359,144) - (2,616)
Transfers Out - (68,040) - - -
Dip Repayment - - - - -
---------- ---------- -------- ------- --------------
Ending Bank Balance - - - - 3,091,728
Corporate Wires Paid for Corporate 316,906
Corporate Wires Paid on Behalf of Plants
Wires Paid by Corporate
Checks Issued
Total Disbursements (See Total Disbursements Reconciliation)
Outstanding Checks As of November 30
Voided Checks Outstanding as of November
Checks Issued in December
Check Cleared in December
Outstanding Checks as of December 31 (See Outstanding
Checklist)
ACCOUNT TYPE RABBI TRUST SPECIAL RETIREMENT TOTAL
Account # 800558.1 5401197545
Bank Stan. Fed. Stan. Fed.
Beginning Bank Balance 2,036,379 - 9,927,965
Receipts 6,000,148 - -
Transfers In - - -
Dip Inflow - - -
Disbursements (5,997,544) - -
Transfers Out - - -
Dip Repayment - - -
----------- ------------------ ----------
Ending Bank Balance 2,038,984 - 9,927,965
Corporate Wires Paid for Corporate
Corporate Wires Paid on Behalf of Plants
Wires Paid by Corporate 36,447,707
Checks Issued
Total Disbursements (See Total Disbursements Reconciliation)
Outstanding Checks As of November 30
Voided Checks Outstanding as of November
Checks Issued in December
Check Cleared in December
Outstanding Checks as of December 31 (See Outstanding
Checklist)
INTERMET CORPORATE CASE # 04-67597
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- ----------------------------------------------- ---------------------
ABC Coke $ 463,916.81
ABN Amro Bank of New York 49,173.00
Ace American Insurance 1,307,780.00
A-Com Protection Services Inc. 140.00
ADP Investor Communication 724.52
Aetna U.S. Healthcare 25,523.79
Alabama Power 1,829.37
Alcan Aluminum Corporation 1,950,595.73
Alcast Company 96,267.00
Alcoa Aluminum 86,692.19
ALFE Heat Treating 193,571.97
Allied Mineral 51,598.40
Allied Mineral Products 46,645.41
Alter Trading 71,500.00
Aluminum Resources 96,135.50
Amacor 461,700.00
American Electric Power 1,397.70
American Foundry Society 3,750.00
Amtech International Group,Ltd 38,286.00
Andrews, Thomas 9,547.48
Anx Ebusiness 3,456.00
Arch Consulting Associates 750.00
Association Of Corporate 225.00
AT&T 236.19
AT&T Wireless 226.17
AT&T-Universal Biller 2,857.30
Atmos Energy 197.93
Backman, David 972.07
Bandy, David 690.46
Bank of Nova Scotia 1,012,405.13
Behr Metals 260,000.00
Bellsouth 2,581.51
Belts, Robert 63.01
Bentonite Performance Minerals 80,500.00
Bernard E. Wallace, Jr 900.00
Blanchard Consulting, Inc. 3,512.50
Blue Cross Blue Shields 2,686,848.82
Bowne Of Chicago 11,350.00
Brown and Sharpe Inc. 2,300.00
Bruechert, Paul 151.32
Bryant'S Tree Service 225.00
Bsw, Inc. 50.00
Bureau Of National 1,713.00
Burge, Craig 2,092.92
Bus-Tech 818.75
Campbell County 3,553.95
Canopus Environmental Group 2,150.00
VENDOR TOTAL DISBURSEMENTS
- ----------------------------------------------- ---------------------
Capstone 315,535.89
Carilion New River Valley 790.35
Cbsmarketwatch.Com 500.00
Cch Incorporated 2,106.23
CCMA 151,311.36
Cessna Aircraft Co. 1,008.65
Chicago Soft 276.00
Cigna 1,146.00
Cintas Corporation 84.80
City Of Radford 14,527.80
City Of Troy 5,837.77
Client Services-Ecm 90.58
Columbus Water Works 213.64
Comerica Bank 9,690.04
Cometals 114,416.89
Concentra Medical Centers 100.50
Conway Mackenzie & Dunleavy 1,287,482.70
Cor Solutions, Inc. 59,544.03
Corporate Payroll 316,906.09
Cox, Michael 261.25
Crain'S Detroit Business 59.00
Crest Products 12,843.20
Cri Mutual Press 1,293.84
Dalton'S Services, Inc. 3,000.00
Dana 383,383.00
Data Technology Group, Inc. 6,275.00
David Joseph Materials Deposit 523,750.00
Dead Sea Magnesium 686,337.30
Decatur Payroll 1,093,349.96
Dell Marketing L.P. 6,539.29
Depository Trust Company, The 280.00
Deutsche Bank 50,645.00
Dickson Allan 8,839.80
Dimetek 9,224.20
Display Manufacturing 265.00
DME RR 38,645.90
Doyle, Pat 67.56
Ductile Iron Society 2,000.00
Dun & Bradstreet 230.48
Dupree, Robin 359.00
Dykema Gossett 49,111.28
Eastern Alloys, inc 195,009.73
Eastern Computer Exchange, Inc 10,914.00
EDP Engineering Group 15,466.37
Edwin B. Branch 16,831.97
Egh/Timberland Three L.P. 59,952.79
Ekk, Inc. 10,000.00
Electrical Specialties 17.50
Elkem Metals, Inc. 292,866.61
Equity Technologies Corp 3,643.02
Exec-U-Care 7,746.49
Executive Coffee Systems 748.65
Exxon Mobil/Gecc 149.83
VENDOR TOTAL DISBURSEMENTS
- ----------------------------------------------- ---------------------
Fahrner, John 415.80
Fairmont Minerals 110,203.93
Federal Reserve Bank Of 500.00
Fidelity Savings and Profit Plan 52,653.02
Fire & Safety Equipment Co. 13.52
Fitzgerald, David C 482.08
Foley, Lardner 1,538,649.99
Foreman, Greg 551.73
Foseco Metallurgical Inc. 1,138.32
French & Rogers Inc. 580.72
Freudenberg NOK 17,468.34
FTI Restructuring 179,570.51
Ge Capital 19,512.14
Georgia Dept Of Revenue 25,348.75
Georgia Power 3,296.23
Georgia Sales Tax - CFI 58,176.96
Gierc, Daniel 92.15
Global Engineering Documents 228.30
Global Exchange Services 1,049.46
Globe 344,205.60
Gopal, Nanda P N 504.53
HA International LLC 126,786.06
Hall, Kevin W 682.10
Hart Metals 33,825.00
Havana Payroll 15,023.24
Heavin, Todd 911.66
Hibbing Prepetition Check Cleared 228.82
Hill & Griffith 168,800.00
Hoover, Rob 555.37
Horn, Regina 140.17
Ibm Corporation 36,584.42
Ibm Limited Special Billing 216.51
Ics 866.25
Idra Prince 15,020.00
Ikon Financial Services 2,194.40
Ikon Office Solutions 8.23
IMCO Recycling 1,348,113.20
Inductotherm Payment to be Reimbursed 86,750.00
Inn Lynn Lynchburg Airport 297.33
Intercall 532.55
Ipswitch, Inc. 395.00
Iron Mountain Records Mgmt 259.98
Irvin, Leslie B 2,952.34
Jackson Payroll 357,741.00
Jackson, Shields, Yeiser, Holt 24,287.43
Jaffe Raitt Heuer & Weiss -
Jaffe, Raitt, Heuer & Wiess 113,185.05
James Cole Plumbing Company 150.00
James Davis Cleaning Service 900.00
Jesse White Secretary Of State 742.00
Jock Abell Landscaping 720.00
John Hancock Financial Svcs 870.00
John R. Horne 933.39
VENDOR TOTAL DISBURSEMENTS
- ----------------------------------------------- ---------------------
Karjala, Mary Jo 43.80
Ken Branch 542.14
Keystone Powder Metal Co. 20,819.62
Klein, Kyle 289.14
Kurt Manufacturing 21,468.46
Kuzinski, Mark 501.90
L & S Precision 3,899.00
Land Transportation 131,117.30
Larpen Metallurgical Service 110,880.00
Lasalle Bank Debits - Double Payments to Racine 3,264.94
Leonard Bros. Data Management 264.80
Liebert Global Services 1,474.75
Linda Harris Revenue 66,255.00
Line Precision Inc. 40,108.00
Lisio, John 2,017.20
Longhurst, John 341.42
Lorenz, Chad 273.58
Lovell, Tony 987.50
Lumpkin, Linda 94.99
Macioce, Raphael 1,113.84
Magma Foundry Technologies 2,000.00
MagReTech Inc. 130,824.89
Mainline Information Systems 2,720.00
Malecki, Elizabeth 1,476.45
Mallon, Robert 454.70
Malloy - 611996 359,144.06
Management Systems Intl, Inc. 1,062.50
Marsh Usa Inc. 86,680.00
Martinez, Fred 1,469.65
Mayer,Brown,Rowe & Maw 232.50
Mccollum, William E 3,580.77
Mcdonald, Matt 467.31
Mci 708.39
Medco 229,660.87
Medco Health 227,088.60
Metallurg 21,218.84
Metlife 9,363.34
Metlife Dental - 502756 68,040.38
Michigan Business Aviation 300.00
Michigan Dept Of Treasury 16.64
Midland Industries, Inc. 31,740.80
Miller & Co. 350,088.51
Miller, Alan 495.87
Minneapolis Payroll 684,983.12
Minnesota Revenue 1,250.00
Monroe Disbursing Debit 35.76
Monroe Payroll 1,220,851.97
MPC 13,752.00
MSC Industrial Supply 13,482.08
Nelson Electric 1,520.00
Noranda Aluminum 98,273.95
Norfolk Southern 60,000.00
North American Die Casting 4,181.00
VENDOR TOTAL DISBURSEMENTS
- ----------------------------------------------- ---------------------
Northbend Pattern 6,784.00
Ntfc Capital Corporation 367.00
Office Depot, Inc. 4,530.62
Office Installations, Inc. 160.00
Ohio Screw Products 13,754.91
O'Melveny & Myers 86,637.90
OmniSource Corporation 186,888.00
Oneok Energy Marketing Company 82,730.46
Pams, Gene 218.47
Parker Hannifin 26,282.86
Pennsylvania Scdu 747.00
Peony Inc. 360.00
Pepper Hamilton LLP 32,903.47
Pilon, Kevin 1,346.78
Plasko, Randall 874.00
Plymouth Wayne, Inc. -
Pontiac Coffee Break Inc. 26.50
Porter Warner Industries 30,066.70
Preferred Data Systems 11,372.01
Primetrade, Inc. 1,052,994.04
Pro Mold & Die 171,220.00
Provident Life & Accident Ins 14,106.67
Prucha, Tom 506.84
Putnam 95,289.85
Putnam 401K 133,014.81
Qwest 4.64
Racine Payroll 189,431.59
Radford Payroll Check 5,808.97
Rar Holdings, Inc. 3,322.00
Ratka, Richard -
Record Copy Services -
RES Manufacturing 60,824.27
RI Lampus 56,945.20
Ridley'S Bakery Cafe -
Robert Half -
Roberts, Donald 652.01
Rutherford, John 1,008.78
Safety-Kleen Corp. 199.40
Sanders, S. David 3,386.24
Sbc 2,407.06
Schellhase, Dan 260.40
Security Forces, Inc. 145.46
Seniorscrips 2,720.00
Shaw, Robert 2,775.09
Shred-It Detroit 79.80
Silbert, Richard 907.26
Solarcom 2,726.37
Southern Air 662.03
Spectro Alloys Corporation 1,065,285.00
Spray-rite 20,415.35
Sprint 78,942.47
Sprint Conferencing Services 3,213.73
Sprouse, Jane 146.94
VENDOR TOTAL DISBURSEMENTS
- ----------------------------------------------- ---------------------
SRI Quality System Registrar 12,426.30
Standard Federal 10,097.71
State Of Michigan 163.00
Sterling Commerce-73199 401.08
Stevensville Payroll 49,035.25
Strong, John 28.88
Sungard Availability Services 1,668.00
Sungard Corbel Inc. 719.00
Superior Graphite Co. 20,092.50
Supreme Cores 17,480.00
T.R. Wight Inc. 1,700.32
Talx Corporation -
Terminix International -
The David J. Joseph Company 7,497,000.00
The Farmers Bank Of Appomattox 616.32
Thomas H. Jeffs Ii 408.76
Thomson Financial 11,666.56
Tinnerman Palnut 14,885.07
T-Mobile 139.43
Tool Testing Lab 317.40
Toyota Tsusho 33,160.32
Tradewinds Aviation 8,286.40
Trans Man Logistics, Inc. 520,443.13
Transgroup WW Logistics 7,777.90
Trelleborg 86,940.00
Troy Chamber Of Commerce 585.00
TSBY RR 36,300.61
Tube City 86,000.00
Ugs Plm Solutions Inc. 3,180.00
UMETCO Inc. 121,800.00
Unimin Corporation 51,548.62
United American Insurance Co. 51,052.00
United Way Of Central Virginia 330.00
Universal Software, Inc. 562.50
US Magnesium LLC 814,354.84
US Oil 219,860.38
Valley Fasteners 40.00
Value Options 14,548.64
Valueoptions, Inc 14,055.60
Vanguard Group 14,194.01
Vanguard Group 401K 145,313.00
Vass, S. Reid 397.26
Verizon 1,911.93
Verizon Wireless Messaging Svc 89.55
Verizon Wireless-Great Lakes 1,536.74
Vesuvius 18,418.94
Vishay Measurements Group 647.52
Visual Impressions 275.60
W.E.L. Inc. 3,010.08
Wachtell Lipton Rosen Katz 425,794.64
Walker, Sean 597.73
Waste Management -
Waterford Township Treasurer -
VENDOR TOTAL DISBURSEMENTS
- ----------------------------------------------- ---------------------
Wayne Booth Investments 25,300.00
Wheelabrator Abrasives 125,565.00
Willis Of Michigan, Inc. 105,000.00
Winkle, Tom 1,229.69
Wisconsin Dept Of Revenue 33.75
With Our Compliments, Inc 117.00
Woods, Rogers & Hazlegrove Plc 4,843.33
Wpi 3,750.00
Xerox Corporation 426.11
Xpedx - Lynchburg 151.00
---------------------
TOTALS $ 37,597,434.58
INTERMET COPORATION
CASE # 04-67597
AT 12/31/04
CORPORATE - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 321,713.84
Unadjusted GL Balance 321,713.84
----------
Difference $ -
==========
INTERMET CORPORATION
OUTSTANDING CHECKS
CASE #04-67597
CHECK DATE OUTSTANDING
91412 10/22/2004 $ 503.39
91443 10/22/2004 106.17
91637 11/12/2004 971.99
91707 11/19/2004 751.91
91749 11/24/2004 17.50
91795 11/24/2004 44,437.20
91875 12/10/2004 790.35
91880 12/10/2004 67.56
91893 12/10/2004 273.58
91901 12/10/2004 160.00
91902 12/10/2004 373.80
91913 12/10/2004 408.76
91957 12/17/2004 359.00
91970 12/17/2004 742.00
91998 12/17/2004 25,348.75
92007 12/22/2004 690.46
92009 12/22/2004 63.01
92010 12/22/2004 2,525.00
92016 12/22/2004 261.25
92019 12/22/2004 338.67
92028 12/22/2004 435.00
92030 12/22/2004 436.81
92032 12/22/2004 1,067.83
92034 12/22/2004 1,476.45
92043 12/22/2004 573.97
92045 12/22/2004 260.40
92047 12/22/2004 907.26
92052 12/22/2004 33.75
92060 12/29/2004 12,594.49
92061 12/29/2004 989.19
92062 12/29/2004 3,456.00
92063 12/29/2004 750.00
92064 12/29/2004 1,360.46
92065 12/29/2004 49.84
92066 12/29/2004 900.00
92067 12/29/2004 987.50
92068 12/29/2004 9,570.00
92069 12/29/2004 41.25
92070 12/29/2004 225.00
92071 12/29/2004 2,150.00
92072 12/29/2004 561.00
92073 12/29/2004 16.96
92074 12/29/2004 90.58
92075 12/29/2004 65.01
92076 12/29/2004 50.25
92077 12/29/2004 1,800.00
92078 12/29/2004 4,320.03
92079 12/29/2004 980.50
92080 12/29/2004 2,000.00
92081 12/29/2004 5,457.00
INTERMET CORPORATION
OUTSTANDING CHECKS
CASE #04-67597
CHECK DATE OUTSTANDING
92082 12/29/2004 16,831.97
92083 12/29/2004 17.50
92084 12/29/2004 580.72
92085 12/29/2004 19,512.14
92086 12/29/2004 1,049.46
92087 12/29/2004 404.59
92088 12/29/2004 140.17
92089 12/29/2004 216.51
92090 12/29/2004 532.55
92092 12/29/2004 900.00
92093 12/29/2004 360.00
92094 12/29/2004 200.90
92095 12/29/2004 22,816.00
92097 12/29/2004 3,580.77
92098 12/29/2004 76.65
92099 12/29/2004 4,181.00
92100 12/29/2004 1,537.12
92101 12/29/2004 747.00
92102 12/29/2004 360.00
92104 12/29/2004 874.00
92105 12/29/2004 7,085.07
92106 12/29/2004 3,322.00
92107 12/29/2004 49.50
92108 12/29/2004 1,008.78
92109 12/29/2004 22.10
92110 12/29/2004 834.00
92111 12/29/2004 83.33
92112 12/29/2004 32.00
92113 12/29/2004 616.32
92114 12/29/2004 11,666.56
92115 12/29/2004 317.40
92116 12/29/2004 3,082.52
92117 12/29/2004 1,590.00
92118 12/29/2004 2,000.00
92119 12/29/2004 330.00
92120 12/29/2004 14,055.60
92121 12/29/2004 1,734.22
92122 12/29/2004 647.52
92123 12/29/2004 90.39
92124 12/29/2004 3,750.00
92125 12/29/2004 426.11
92127 12/29/2004 28,208.00
92128 12/29/2004 25,300.00
92129 12/29/2004 7,746.49
-----------
$321,713.84
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: DECEMBER 31, 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: JANUARY 20, 2005 ___________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Form 6
Intermet Corporation and Subsidiaries
Month Ended December 31, 2004
NAME: GARY ROBERT E. TIMOTHY R. JOHN B. TODD THOMAS E. ALAN J.
RUFF BELTS GILLILAND RUTHERFORD HEAVIN PRUCHA MILLER
-------------- --------- ---------- ---------- ---------- ------------ -------------------
JOB DUTIES: Chairman & CEO VP Finance VP- Light VP-Sales & VP-Ferrous VP-Technical VP, General Counsel
Director and CFO Metals Marketing Metals Services Ass't Secretary
-------------- ---------- --------- ---------- ---------- ------------ -------------------
COMPENSATION-MONTHLY(12/31/04): 41,667 21,667 16,667 16,667 17,500 14,583 18,750
----------- --------- --------- --------- --------- ---------- -------------
BENEFITS PAID:
Health Insurance 968 968 692 692 968 692 692
Life Insurance 345 179 138 138 145 121 155
AD&D 18 9 7 7 8 6 8
Dependent Life 1 1 1 1 1 1 1
Long Term Disability 142 142 142 142 142 124 142
Executive Medical 358 358 358 358 358 358 358
Deferred Comp 0 0 0 0 0 0 0
Retirement 0 0 0 0 0 0 0
Company Vehicle 1,104 850 850 850 855 722 850
Cell Phone 69.76 38.95 46.71
Transportation--Gasoline 33.00
(EXPENSE REIMBURSE):
Meals & Entertainment 50.53 173.67
Travel 149.5 63.01 905.3 230.92 18.4 100.8
Communications (cell phone, etc.) 78.98 52.95 57.97 45.07
Dues & Subscriptions 155.08 350
Miscellaneous
Board Expenses (Paper Products) 507.07 430.47
OTHER PAYMENTS:
Rents Paid
Loans
Other (Describe)
----------- --------- --------- --------- --------- ---------- -------------
TOTAL OF ALL PAYMENTS $ 45,019 $ 24,307 $ 18,855 $ 19,903 $ 20,935 $ 17,115 $ 21,452
=========== ========= ========= ========= ========= ========== =============
NAME: BYTHA GREG MICHAEL
MILLS WAHOWIAK SKRZYPCAK MARY JO KARJALA TOTAL
------------------ ---------------- --------- --------------- --------
JOB DUTIES: VP- Administration Business Systems Treasurer Secretary
Director
------------------ ---------------- --------- --------------- --------
COMPENSATION-MONTHLY(12/31/04): 12,500 11,917 10,833 6,000 188,750
----------- ------------ --------- ----------- --------
BENEFITS PAID:
Health Insurance 345 623 968 692 8,299
Life Insurance 104 99 90 50 1,563
AD&D 5 4 4 4 80
Dependent Life 1 1 1 11
Long Term Disability 106 101 92 51 1,325
Executive Medical 358 358 0 0 3,225
Deferred Comp 0 0 0 0 0
Retirement 0 0 0 0 0
Company Vehicle 850 650 0 0 7,581
Cell Phone 15.83 41.97 213
Transportation--Gasoline 33
(EXPENSE REIMBURSE):
Meals & Entertainment 224
Travel 1,468
Communications (cell phone, etc.) 235
Dues & Subscriptions 505
Miscellaneous 938
Board Expenses (Paper Products) 43.8 44
OTHER PAYMENTS: 0
Rents Paid 0
Loans 0
Other (Describe) 0
----------- ------------ --------- ----------- --------
TOTAL OF ALL PAYMENTS $ 14,268 $ 13,768 $ 12,029 $ 6,841 $214,493
=========== ============ ========= =========== ========
Intermet Corp.
Case Number: 04-67597
Intermet Corporation and Subsidiaries
Schedule of In-Force Insurance
INSURANCE TYPE CARRIER POLICY PERIOD
- -------------------- -------------- -----------------
Property Lloyds 11/1/04-11/1/05
Boiler/Machine Hartford 11/1/04-11/1/05
Cargo Fireman's Fund 11/1/04-11/1/05
Truck Cargo Fireman's Fund 11/1/04-11/1/05
Aviation USAIG 11/1/04-11/1/05
Fiduciary St. Paul 11/1/04-11/1/05
Primary D&O St. Paul 11/1/04-11/1/05
Excess D&O Chubb 11/1/04-11/1/05
Excess D&O Platte River 11/1/04-11/1/05
Crime AIG 12/1/04-12/1/05
General Liability ACE 12/22/04-12/22/05
Umbrella National Union 12/22/04-12/22/05
Workers' Comp ACE 12/22/04-6/22/05
Excess Workers' Comp ACE 12/22/04-12/22/05
Auto ACE 12/22/04-12/22/05
Foreign (DIC) ACE 12/22/04-12/22/05
Note: This list does not include In-Force Insurance for Foreign Subsidiaries.
Intermet Corp.
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 DECEMBER 31, 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: JANUARY 20, 2005 /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 12-31-04
($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 (17) 67
Depreciation & Amortization - -
Other Allocated Fixed Costs - -
Other Fixed Costs - -
---- ----
Cost of Goods Sold (17) 67
Gross Profit 17 (67)
Plant SG&A Expense - -
SG&A Expense - Allocation (Sched 1) - -
Other Operating Expenses - -
---- ----
Total Operating Expenses - -
Operating Profit 17 (67)
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
---- ----
Total Non-Operating Expenses - 1
Income Before Income Taxes 17 (66)
Income Tax Expense 1 5
---- ----
Net Income $ 16 ($71)
==== ====
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs December
(Allocation of Corporate Costs to Filing Entities)
(000's)
December
--------
Officer Compensation $ 189
Salary Expense other Employees 799
Employee Benefits and Pension (23)
Payroll Taxes 39
Other Taxes 0
Rent and Lease Expense 220
Interest Expense
Insurance 36
Automobile and Truck Expense 1
Utilities(Gas Electric,Phone) 84
Depreciation 128
Travel and Entertainment 55
Repairs and Maintenance 51
Advertising/Promotion 0
Supplies, Office Expense 26
OTHER:
Contributions 0
Professional Fees - Audit/Tax 131
Bank Fees 147
Public Reporting Fees 16
Employee Relocation/Training 11
Data Processing 19
Dues and Subscriptions 11
Outside Services 114
Project Development Costs net of Billings (34)
Director Fees 25
Miscellaneous 19
Professional Fees - Bankruptcy 3,428
Cost Allocation - Out (267)
-------
$ 5,223
=======
Allocation:
Wagner Castings 177
Northern Castings 47
Ironton Iron 0
Lynchburg Foundry 179
Columbus Foundry 290
Wagner Havana 0
Intermet U.S. Holdings 241
Cast-Matic Corp. 76
Diversified Diemakers 240
Ganton Technologies 156
Tool Products 127
Intermet Corporation 3,689
-------
Total $ 5,223
=======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 12-31-04
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) 1
--------
TOTAL POST PETITION LIABILITIES 1
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 36,940
Minority Interest 0
--------
TOTAL LIABILITIES 37,094
Common Stock 10
Capital In Excess Of Par Value 90
Retained Earnings - Prepetition (34,861)
Retained Earnings - Post Petition (71)
Equity In European Operations
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
--------
TOTAL SHAREHOLDER EQUITY (34,832)
TOTAL LIABILITIES AND EQUITY $ 2,262
========
PERIOD ENDED: 12-31-04 ALEXANDER CITY CASTING CO., INC. CASE #04-67599
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
11/30/2004 Withheld Deposits 12/31/2004
---------- --------- ---------- ----------
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 $4,500 $ 0 $3,600 $900
Property Taxes $ 0 $ 0 $ 0 $ 0
$ 0
Workers Compensation 0 0 0 0
------ ------ ------ ----
Total $4,500 $ 0 $3,600 $900
Wages and Salaries 0 0 0 0
------ ------ ------ ----
Grand Total $4,500 $ 0 $3,600 $900
====== ====== ====== ====
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: DECEMBER 31, 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: JANUARY 20, 2005 ______________________________
Debtor in Possession
Form 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: DECEMBER 31, 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: JANUARY 20, 2005 ________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Form 6
Alexander City Casting Co., Inc.
Case Number: 04-67599
Intermet Corporation and Subsidiaries
Schedule of In-Force Insurance
INSURANCE TYPE CARRIER POLICY PERIOD
- -------------- ------- -------------
Property Lloyds 11/1/04-11/1/05
Boiler/Machine Hartford 11/1/04-11/1/05
Cargo Fireman's Fund 11/1/04-11/1/05
Truck Cargo Fireman's Fund 11/1/04-11/1/05
Aviation USAIG 11/1/04-11/1/05
Fiduciary St. Paul 11/1/04-11/1/05
Primary D&O St. Paul 11/1/04-11/1/05
Excess D&O Chubb 11/1/04-11/1/05
Excess D&O Platte River 11/1/04-11/1/05
Crime AIG 12/1/04-12/1/05
General Liability ACE 12/22/04-12/22/05
Umbrella National Union 12/22/04-12/22/05
Workers' Comp ACE 12/22/04-6/22/05
Excess Workers' Comp ACE 12/22/04-12/22/05
Auto ACE 12/22/04-12/22/05
Foreign (DIC) ACE 12/22/04-12/22/05
Note: This list does not include In-Force Insurance for Foreign Subsidiaries.
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 DECEMBER 31, 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: January 20, 2005 /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 12-31-04
($000's)
CASE #04-67605
CAST-MATIC
CORP
----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales $ 3,331 $ 10,343
Cost of Goods Sold
Materials and Freight 1,775 5,997
Wages - Hourly 238 748
Wages-Salary 142 408
Employee Benefits and Pension 114 286
Repairs & Maintenance 82 266
Supplies 139 579
Utilities 131 312
Purchased Components/Services 141 473
Income(loss) from Pattern Sales - -
Fixed Asset - (gain/loss) - -
MIS Expense 10 31
Travel & Entertainment 4 7
Other Variable Costs 125 431
Depreciation & Amortization 163 489
Other Allocated Fixed Costs - -
Other Fixed Costs 99 275
------- ---------
Cost of Goods Sold 3,163 10,302
Gross Profit 168 41
Plant SG&A Expense - -
SG&A Expense - Allocation (Sched 1) 77 229
Other Operating Expenses - -
------- ---------
Total Operating Expenses 77 229
Operating Profit 91 (188)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (30) (79)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) - 12
------- ---------
Total Non-Operating Expenses (30) (67)
Income Before Income Taxes 61 (255)
Income Tax Expense 25 75
------- ---------
Net Income $ 36 ($ 330)
======= =========
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs December
(Allocation of Corporate Costs to Filing Entities)
(000's)
December
--------
Officer Compensation $ 189
Salary Expense other Employees 799
Employee Benefits and Pension (23)
Payroll Taxes 39
Other Taxes 0
Rent and Lease Expense 220
Interest Expense
Insurance 36
Automobile and Truck Expense 1
Utilities(Gas Electric,Phone) 84
Depreciation 128
Travel and Entertainment 55
Repairs and Maintenance 51
Advertising/Promotion 0
Supplies, Office Expense 26
OTHER:
Contributions 0
Professional Fees - Audit/Tax 131
Bank Fees 147
Public Reporting Fees 16
Employee Relocation/Training 11
Data Processing 19
Dues and Subscriptions 11
Outside Services 114
Project Development Costs net of Billings (34)
Director Fees 25
Miscellaneous 19
Professional Fees - Bankruptcy 3,428
Cost Allocation - Out (267)
--------
$ 5,223
========
Allocation:
Wagner Castings 177
Northern Castings 47
Ironton Iron 0
Lynchburg Foundry 179
Columbus Foundry 290
Wagner Havana 0
Intermet U.S. Holdings 241
Cast-Matic Corp. 76
Diversified Diemakers 240
Ganton Technologies 156
Tool Products 127
Intermet Corporation 3,689
--------
Total $ 5,223
========
INTERMET Corp. and Subsidiaries
Balance Sheet as of 12-31-04
CASE #04-67605
--------------
CAST-MATIC
CORP
--------------
Cash And Equivalents $ 0
Accounts Receivable 5,601
Short-Term Intercompany Receivables 6
Inventories 2,436
Other Current Assets 38
--------------
TOTAL CURRENT ASSETS 8,081
Land and Buildings 2,889
Machinery & Equipment 17,488
Construction In Progress 128
--------------
Total Fixed Assets 20,505
Accumulated Depreciation (6,598)
--------------
NET FIXED ASSETS 13,907
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 $ 21,988
==============
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 413
Wages and Salaries (See schedule) 50
Taxes Payable - (See schedule) 98
--------------
TOTAL POST PETITION LIABILITIES 561
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 (67)
Accrued Workers Comp 0
Accrued Payroll 0
Accrued Payroll Taxes
--------------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES (67)
UNSECURED LIABILITIES
Accounts Payable 3,216
IDR Bonds 0
--------------
TOTAL UNSECURED LIABILITIES 3,216
OTHER LIABILITIES
Accrued Liabilities 299
Short-Term Intercompany Payables 483
Capital Leases 0
Retirement Benefits 0
Deferred Taxes - Long-Term Liability 0
Other Long-Term Liabilities 0
Long-Term Intercompany Payables 16,699
Minority Interest 0
--------------
TOTAL LIABILITIES 21,191
Common Stock 0
Capital In Excess Of Par Value 2,109
Retained Earnings - Prepetition (982)
Retained Earnings - Post Petition (330)
Equity In European Operations
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
--------------
TOTAL SHAREHOLDER EQUITY 797
Total Liabilities And Equity $ 21,988
==============
PERIOD ENDED: 12-31-04 CAST-MATIC CORP. CASE #04-67605
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
11/30/2004 Withheld Deposits 12/31/2004
----------------------------------------------
Income tax withheld: Federal $ 0 $ 55,524 ($ 55,524) $ 0
Income tax withheld: State 0 16,475 (16,475) 0
Income tax withheld: Local 0 65 (65) 0
FICA Withheld 0 35,854 (35,854) 0
Employers FICA 8,330 35,854 (40,945) 3,239
Unemployment Tax: Federal 54 394 (400) 47
Unemployment Tax: State 259 1,995 (1,982) 271
All Other Payroll W/H 0 0 0 0
State Taxes: Inc./Sales/Use/Excise 50,000 25,000 (50,000) 25,000
Property Taxes 60,000 49,280 (42,006) 67,274
Workers Compensation 0 2,500 0 2,500
----------------------------------------------
Total $ 118,643 $ 222,940 ($ 243,251) $ 98,331
Wages and Salaries 134,097 498,031 (582,584) 49,545
----------------------------------------------
Grand Total $ 252,740 $ 720,971 ($ 825,835) $ 147,876
==============================================
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 $ 412,480 $ 412,480 $ 0 $ 0
Accounts Receivable $5,343,173 $4,661,218 $ 681,955 0.00
INTERMET CORPORATION AND SUBSIDIARIES PERIOD ENDED 12/31/2004
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 1,054,607 - - - 1,054,607
TRANSFERS IN (CORPORATE) - - 548,364 379,038 927,402
DIP INFLOW - - - - -
DISBURSEMENTS - - (548,364) (379,038) (927,402)
TRANSFERS OUT (CORPORATE) (1,054,607) - - - (1,054,607)
DIP REPAYMENT - - - - -
---------------------------------------------------------------
ENDING BANK BALANCE - - - - 0.00
WIRES PAID FOR BY CORPORATE 1,919,292 49,035 1,968,327
CHECKS ISSUED 547,832
---------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) 2,467,124
=========
OUTSTANDING CHECKS AS OF NOVEMBER 30 67,857
VOIDED CHECKS OUTSTANDING AS OF NOVEMBER -
CHECKS ISSUED IN DECEMBER 547,832
CHECK CLEARED IN DECEMBER (548,915) Consists of $ 550.99 of voided checks cleared
prior to being posted and returned.
---------
OUTSTANDING CHECKS AS OF DECEMBER 31 (SEE OUTSTANDING CHECKLIST) $ 66,773
=========
CAST-MATIC CORP. CASE NO. 04-67605
CASH DISBURSEMENTS
DECEMBER 2004
Vendor Total Disbursements
- --------------------------------------------------------
ACE HARDWARE $ 480.88
ADAMS REMCO, INC 2,759.57
ADP, INC 1,751.74
AITKEN PRODUCTS 1,529.89
ALCAN ALUMINUM CORPORATION 1,601,166.13
ALCOA ALUMINUM 86,692.19
ALFE HEAT TREATING, INC 222,978.82
ALLIED WITAN COMPANY 65.06
ALPHA RESOURCES 31.04
AQUILA 4,979.71
ARAMARK UNIFORM SERVICES, INC 2,864.96
ARROW HEALTH & SAFETY 49.61
ASSOCIATED BAG COMPANY 349.08
AXIS SYSTEMS 205.65
B & L INFORMATION SYSTEMS 4,613.00
BEACON SERVICES, INC 29,311.55
BILL JACKSON 40.00
BRAMMALL SUPPLY COMPANY 1,276.01
BRANDON REED 1,504.91
BROWN & SHARPE MFG. CO 925.00
C. B. DEKORNE, INC 1,004.93
C.P.C. INC 20,460.00
CANDLEWOOD SUITES 302.20
CAPITAL TECHNOLOGIES, INC 4,293.00
CHARLES RYTLEWSKI -
CHARLEVOIX ENERGY TRADING 77,807.56
CHEMSTATION OF NORTHERN INDIANA 1,037.21
CLIMAX RESEARCH SERVICES 1,067.00
CONNECTION SERVICE CO 158.20
COVERALL 1,320.00
CUSTOM MOLD ENGINEERING, INC 1,464.85
DIMETEK 9,224.20
DOUBLEDAY OFFICE PRODUCTS 4,641.22
DOWLING MAGNETS 32.44
EARTHSCAPES 153.00
E-JAY THERMO PRODUCTS, INC 449.58
EMPIRE PRODUCTS, LLC 1,045.54
ERVIN EBERHART 40.00
FLOWTECH CORPORATION 365.86
FLOYD BARNES 428.93
FUTURE TECH 448.00
GATEWAY, INC 33.90
CAST-MATIC CORP. CASE NO. 04-67605
CASH DISBURSEMENTS
DECEMBER 2004
Vendor Total Disbursements
- --------------------------------------------------------
GENERAL OIL COMPANY / EIS 1,239.07
GLOBAL EXCHANGE SERVICES 27.98
GLOBE METALLURGICAL 4,350.00
GREAT LAKES ELECTRONICS SUPPLY 1,673.74
GRIFFIN TOOL, INC 3,000.00
GUARDIAN SYSTEMS, INC 1,147.50
H & H EXPRESS, LLC 5,868.35
HECO 992.50
HELPMATE 500.25
HERSCHALL PRODUCTS 271.55
HILL & GRIFFITH COMPANY 177.87
HI-TEMP PRODUCTS INC 2,712.00
HYDRACT INC 392.48
HYDRACT INC -
IKON OFFICE SOLUTIONS 182.21
INDUSTRIAL FIREBRICK CORPORATION 342.65
INDUSTRIAL GYPSUM CO. INC 740.00
INDUSTRIAL SOLUTIONS 2,975.42
INNERSPEC TECHNOLOGIES, INC 47,500.00
IRON AGE PROTECTIVE COMPANY 107.49
J & L INDUSTRIAL SUPPLY 6,584.12
JEFF BANKS 1,092.25
JERZ MACHINE TOOL CORPORATION 6,774.00
K & M INDUSTRIAL 280.00
KANO LABORATORIES INC 112.89
KEENER SAND & CLAY COMPANY 1,760.00
KENDALL ELECTRIC COMPANY 2,851.63
KENT RUDBECK 480.00
KMH SYSTEMS 3,334.27
LAKELAND HOSPITAL 58.38
LANDAUER 257.04
LAPE STEEL SERVICES INC 369.60
M & I MACHINE, INC 11,058.25
MARCUS BUDD 82.87
MARTIN FLUID POWER 185.82
MARTY WILSON 400.00
MCMASTER-CARR SUPPLY COMPANY 3,489.02
METALLURG 16,218.84
MICHIGAN SHIPPERS SUPPLY 123.66
MIDWEST SAFETY PRODUCTS, INC 60.73
MITCH MAZE 46.62
MITTLER SUPPLY INC 2,722.20
CAST-MATIC CORP. CASE NO. 04-67605
CASH DISBURSEMENTS
DECEMBER 2004
Vendor Total Disbursements
- --------------------------------------------------------
MOLTEN METAL EQUIP.INNOVATIONS INC 3,796.64
MOTION INDUSTRIES, INC 577.77
NEFF ENGINEERING COMPANY 1,018.77
NEWMAN GARAGE DOORS 30.00
NILES JANITOR SERVICE & SUPP 115.00
NMHG FINANCIAL SERVICES 710.85
NORA VOLTZ 4,080.00
OKK USA CORP 94.95
OMEGA ENGINEERING, INC 628.84
ONDRAKA MANAGEMENT ENTERPRISES LLC 845.00
PEBBLEWOOD RESTAURANT 1,799.95
PETTY CASH 1,073.03
PITNEY BOWES 250.00
POOCH WELDING SUPPLY COMPANY 6,900.59
PORTER-CABLE CORP 207.60
PRI MAR PETROLEUM, INC 274.45
PRIMET FLUID POWER 120.75
PROCESS ENGINEERING & EQUIPMENT CO 257.25
PRODUCT ACTION INTERNATIONAL, INC 5,098.88
PYROTEK,INC 38,248.57
QME QUALITY MOLD & ENGINEERING 3,207.00
QUALITY CONCEPTS 1,400.00
QUANTUM CONNECTIONS, LLC 67.00
R. A. MORT SUPPLY COMPANY 221.92
RADDE AGENCY 56.00
R-CON NDT, INC 3,310.98
RHM FLUID POWER 217.20
RX OPTICAL 37.00
S & S INDUSTRIAL SUPPLY, INC 3,654.56
SAFETY-KLEEN CORPORATION 3,235.46
SBC AMERITECH 791.83
SCHOTT SAW CO 4,944.25
SCOPE SERVICES INC 51,374.46
SHIVA LAB TECHNOLOGIES 415.00
SIEMENS ENERGY & AUTOMATION 2,114.99
SPRINT 627.17
STOUFFER ELECTRIC COMPANY 4,136.00
SUPERIOR BUSINESS SOLUTIONS 146.37
SWAN OIL COMPANY 41.17
TANGENT LABS 503.25
TEST EQUIPMENT DISTRIBUTORS 344.48
THAYER, INC 997.81
CAST-MATIC CORP. CASE NO. 04-67605
CASH DISBURSEMENTS
DECEMBER 2004
Vendor Total Disbursements
- --------------------------------------------------------
THE CONNECTION CO 169.24
THOMAS TRAINOR 189.70
TRANS MAN LOGISTICS, INC 10,243.65
TURPIN WHOLESALE, INC 175.14
UNITED SPORTS APPAREL 1,012.99
UNUM LIFE INSURANCE CO 2,404.51
USF HOLLAND 58.74
VEKTEK INC 608.80
VERIZON WIRELESS 173.85
VITRAN EXPRESS 164.77
VOLK CORPORATION 53.74
W. H. DUFFILL, INC 376.38
WATCON INC 2,006.25
WATER DEPARTMENT 3,099.88
WEST MICHIGAN HYDRAULICS 493.72
WILLIAM A. KIBBE & ASSOC., INC 1,395.00
WILLIAM ATKINS 34.50
WOOD TEMPORARY STAFFING 31,761.03
XPRESS PRINTING 97.79
Y.E.S 40,078.05
YOUNGBLOOD AIR SYSTEMS, INC 2,657.71
-------------------
$ 2,467,123.90
CAST-MATIC CORPORATION
CASE NO. 04-67605
AT 12/31/04
STEVENSVILLE - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding AP Checks $ 66,773.17
Actual Outstanding PR Checks 27,333.88 94,107.05
-----------
Misc Reconciling Items rectified in
January (288.00)
-----------
93,819.05
Unadjusted GL Balance 93,819.05
-----------
Difference $ -
===========
CAST-MATIC CORPORATION
CASE NO. 04-67605
STEVENSVILLE
OUTSTANDING CHECKS
CASE NO. 04-67605
CHECK DATE OUTSTANDING
41716 11/10/2004 $ 405.65
41864 11/29/2004 427.73
41939 12/6/2004 146.22
41944 12/7/2004 312.37
41949 12/9/2004 359.11
42014 12/14/2004 384.45
42016 12/14/2004 142.82
42017 12/14/2004 49.30
42029 12/16/2004 84.50
42039 12/16/2004 182.64
42048 12/16/2004 503.25
42083 12/21/2004 219.67
42084 12/21/2004 292.40
42085 12/21/2004 217.20
42086 12/21/2004 62.54
42122 12/28/2004 676.00
42124 12/28/2004 64.20
42127 12/29/2004 244.10
42128 12/29/2004 91.22
42129 12/29/2004 2,698.25
42130 12/29/2004 1,080.40
42131 12/29/2004 1,529.89
42132 12/29/2004 20.97
42133 12/29/2004 472.32
42134 12/29/2004 5,249.12
42135 12/29/2004 166.35
42136 12/29/2004 1,320.00
42137 12/29/2004 153.00
42138 12/29/2004 183.22
42139 12/29/2004 260.68
42140 12/29/2004 450.00
42141 12/29/2004 500.25
42142 12/29/2004 177.87
42143 12/29/2004 472.00
42144 12/29/2004 357.33
42145 12/29/2004 737.75
42146 12/29/2004 710.85
42147 12/29/2004 57.50
42148 12/29/2004 30.00
42149 12/29/2004 224.75
42150 12/29/2004 250.00
42151 12/29/2004 1,584.07
42152 12/29/2004 14,704.27
42153 12/29/2004 120.75
42154 12/29/2004 245.53
42155 12/29/2004 654.50
42156 12/29/2004 8,804.96
CAST-MATIC CORPORATION
CASE NO. 04-67605
STEVENSVILLE
OUTSTANDING CHECKS
CASE NO. 04-67605
42157 12/29/2004 315.34
42158 12/29/2004 146.37
42159 12/29/2004 2,404.51
42160 12/29/2004 86.69
42161 12/29/2004 480.00
42162 12/29/2004 1,034.00
42163 12/29/2004 6,193.46
42164 12/29/2004 247.87
42165 12/29/2004 7,198.98
42168 12/29/2004 584.00
-------------
$ 66,773.17
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: DECEMBER 31, 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: JANUARY 20, 2005 ________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Form 6
Cast-Matic Corporation
Case Number: 04-67605
Intermet Corporation and Subsidiaries
Schedule of In-Force Insurance
INSURANCE TYPE CARRIER POLICY PERIOD
- -------------- ------- -------------
Property Lloyds 11/1/04-11/1/05
Boiler/Machine Hartford 11/1/04-11/1/05
Cargo Fireman's Fund 11/1/04-11/1/05
Truck Cargo Fireman's Fund 11/1/04-11/1/05
Aviation USAIG 11/1/04-11/1/05
Fiduciary St. Paul 11/1/04-11/1/05
Primary D&O St. Paul 11/1/04-11/1/05
Excess D&O Chubb 11/1/04-11/1/05
Excess D&O Platte River 11/1/04-11/1/05
Crime AIG 12/1/04-12/1/05
General Liability ACE 12/22/04-12/22/05
Umbrella National Union 12/22/04-12/22/05
Workers' Comp ACE 12/22/04-6/22/05
Excess Workers' Comp ACE 12/22/04-12/22/05
Auto ACE 12/22/04-12/22/05
Foreign (DIC) ACE 12/22/04-12/22/05
Note: This list does not include In-Force Insurance for Foreign Subsidiaries.
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 DECEMBER 31, 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: JANUARY 20, 2005 /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 12-31-04
($000's)
CASE #04-67609
COLUMBUS
FOUNDRY
-------
Current Month Total Since Filing
------------- ------------------
Net Sales $9,912 $37,057
Cost of Goods Sold
Materials and Freight 3,534 13,994
Wages - Hourly 1,508 5,148
Wages-Salary 494 1,433
Employee Benefits and Pension 1,128 2,639
Repairs & Maintenance 581 1,949
Supplies 720 2,024
Utilities 861 2,591
Purchased Components/Services 459 2,744
Income(loss) from Pattern Sales (676) (628)
Fixed Asset - (gain/loss) 9 11
MIS Expense 54 169
Travel & Entertainment 11 22
Other Variable Costs 159 995
Depreciation & Amortization 484 1,451
Other Allocated Fixed Costs - -
Other Fixed Costs 121 418
------ -------
Cost of Goods Sold 9,447 34,960
Gross Profit 465 2,097
Plant SG&A Expense 25 101
SG&A Expense - Allocation (Sched 1) 290 870
Other Operating Expenses - -
------ -------
Total Operating Expenses 315 971
Operating Profit 150 1,126
Outside Interest Income - -
Outside Interest (Expense) (2) (6)
Intercompany Interest Income - -
Intercompany Interest (Expense) (101) (367)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) - -
------ -------
Total Non-Operating Expenses (103) (373)
Income Before Income Taxes 47 753
Income Tax Expense 44 130
------ -------
Net Income $ 3 $ 623
====== =======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs December
(Allocation of Corporate Costs to Filing Entities)
(000's)
December
--------
Officer Compensation $ 189
Salary Expense other Employees 799
Employee Benefits and Pension (23)
Payroll Taxes 39
Other Taxes 0
Rent and Lease Expense 220
Interest Expense
Insurance 36
Automobile and Truck Expense 1
Utilities(Gas Electric,Phone) 84
Depreciation 128
Travel and Entertainment 55
Repairs and Maintenance 51
Advertising/Promotion 0
Supplies, Office Expense 26
OTHER:
Contributions 0
Professional Fees - Audit/Tax 131
Bank Fees 147
Public Reporting Fees 16
Employee Relocation/Training 11
Data Processing 19
Dues and Subscriptions 11
Outside Services 114
Project Development Costs net of Billings (34)
Director Fees 25
Miscellaneous 19
Professional Fees - Bankruptcy 3,428
Cost Allocation - Out (267)
---------
$ 5,223
=========
Allocation:
Wagner Castings 177
Northern Castings 47
Ironton Iron 0
Lynchburg Foundry 179
Columbus Foundry 290
Wagner Havana 0
Intermet U.S. Holdings 241
Cast-Matic Corp. 76
Diversified Diemakers 240
Ganton Technologies 156
Tool Products 127
Intermet Corporation 3,689
---------
Total $ 5,223
=========
INTERMET Corp. and Subsidiaries
Balance Sheet as of 12-31-04
CASE #04-67609
--------------
COLUMBUS
FOUNDRY
-------
Cash And Equivalents $ 1
Accounts Receivable 18,355
Short-Term Intercompany Receivables 14
Inventories 7,024
Other Current Assets (14)
--------
TOTAL CURRENT ASSETS 25,380
Land and Buildings 12,701
Machinery & Equipment 79,149
Construction In Progress 51
--------
Total Fixed Assets 91,901
Accumulated Depreciation (60,427)
--------
NET FIXED ASSETS 31,474
Investment In Subsidiaries 0
Investment In European Operations 0
Long-Term Intercompany Receivables 25,961
Deferred Taxes, Long-Term Asset 0
Other Assets 1,014
--------
TOTAL ASSETS $ 83,829
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 2,082
Wages and Salaries (See schedule) 212
Taxes Payable - (See schedule) 319
--------
TOTAL POST PETITION LIABILITIES 2,613
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. 379
Accrued Payroll 0
Accrued Payroll Taxes
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 379
UNSECURED LIABILITIES
Accounts Payable 10,590
IDR Bonds 0
--------
TOTAL UNSECURED LIABILITIES 10,590
OTHER LIABILITIES
Accrued Liabilities 2,607
Short-Term Intercompany Payables 612
Capital Leases 0
Retirement Benefits (1,123)
Deferred Taxes - Long-Term Liability 0
Other Long-Term Liabilities 0
Long-Term Intercompany Payables 1,333
Minority Interest 0
--------
TOTAL LIABILITIES 17,011
Common Stock 0
Capital In Excess Of Par Value 4,592
Retained Earnings - Prepetition 61,603
Retained Earnings - Post Petition 623
Equity In European Operations
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
--------
TOTAL SHAREHOLDER EQUITY 66,818
TOTAL LIABILITIES AND EQUITY $ 83,829
========
PERIOD ENDED: 12-31-04 COLUMBUS FOUNDRY CASE #04-67609
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
11/30/2004 Withheld Deposits 12-31-04
---------- -------- -------- --------
Income tax withheld: Federal ($ 32,663) ($ 227,375) $ 260,038 $ 0
Income tax withheld: State (15,348) (96,903) 112,251 0
Income tax withheld: Local 0 0 0 0
FICA Withheld (28,041) (162,118) 190,159 0
Employers FICA (26,791) (178,312) 188,786 (16,317)
Unemployment Tax: Federal (2,137) (2,483) 0 (4,620)
Unemployment Tax: State (4,119) (9,143) 0 (13,262)
All Other Payroll W/H (117,439) (169,799) 177,846 (109,392)
State Taxes: Inc./Sales/Use/Excise (252,745) (96,370) 194,459 (154,656)
Property Taxes 17,458 (17,458) 0 0
Workers Compensation 0 (20,000) 0 (20,000)
----------- ----------- ----------- -----------
Total ($ 461,824) ($ 979,962) $ 1,123,539 ($ 318,247)
Wages and Salaries (264,325) (2,185,995) 2,238,709 (211,612)
----------- ----------- ----------- -----------
Grand Total ($ 726,149) ($3,165,957) $ 3,362,247 ($ 529,859)
=========== =========== =========== ===========
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 2,082,252.04 3,845,826.97 (1,737,196.45) (26,378.48)
Accounts Receivable 18,840,315.25 17,207,185.34 595,827.94 1,037,301.97
INTERMET CORPORATION AND SUBSIDIARIES PERIOD ENDED 12/31/2004
MONTHLY CASH STATEMENT
CASH ACTIVITY ANALYSIS:
CASE # 04-67609
COLUMBUS FOUNDRY
---------------------------------------------------------------------------------------
ACCOUNT TYPE LOCKBOX 77691 DEPOSIT AP PR (HOURLY) PR (SALARY) TOTAL
ACCOUNT # 269833 5401086425 2770716492 2770716484 2770716658
BANK Bank One Stan. Fed. Stan. Fed. Stan. Fed. Stan. Fed.
BEGINNING BANK BALANCE - - - - - -
RECEIPTS 1,911 7,633,201 446 582 - 7,636,140
TRANSFERS IN (CORPORATE) - - 3,579,995 1,886,894 458,750 5,925,639
DIP INFLOW - - - - - -
DISBURSEMENTS - - (3,580,440) (1,887,477) (458,750) (5,926,667)
TRANSFERS OUT (CORPORATE) (1,911) (7,633,201) - - - (7,635,112)
DIP REPAYMENT - - - - - -
------ ---------- ----------- ---------- -------- ----------
ENDING BANK BALANCE - - - - - (0.00)
WIRES PAID FOR BY CORPORATE 4,677,729 4,677,729
CHECKS ISSUED 3,118,078
-----------
TOTAL DISBURSEMENTS (SEE TOTAL
DISBURSEMENTS RECONCILIATION) $ 7,795,807
===========
OUTSTANDING CHECKS AS OF NOVEMBER 30 1,113,371
VOIDED CHECKS OUTSTANDING AS OF NOVEMBER -
Checks Issued in December 3,118,078
CHECK CLEARED IN DECEMBER (3,521,808) Does not include $ 58,176.69
pertaining to sales tax debit.
-----------
OUTSTANDING CHECKS AS OF DECEMBER 31 (SEE OUTSTANDING CHECKLIST) $ 709,640
===========
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
------ -------------------
ADP INC $ 2,835.40
ADULT PROBATION OFFICE 2,468.08
ADVANCED ALLOYS, INC. 145.16
ADVANCED OFFICE PRODUCT 323.57
AETNA US HEALTHCARE 9,094.99
AIR COMPRESSOR TECHNOLOGIES 618.50
AIRGAS DRY ICE 826.09
AIRGAS SOUTH INC. 2,832.83
ALABAMA CHILD SUPPORT PAYMENT 14,687.20
ALLEGRA PRINT & IMAGING 2,521.99
ALLEN RICHIE 957.48
ALLEN, JOHN F. 4,000.00
ALLIED MINERAL PRODUCTS INC 141,709.09
AMERALLOY STEEL COPRORATION 5,144.22
AMERICAN BUSINESS FORMS 1,276.03
AMERICAN COLLOID COMPANY 287,623.09
AMERICAN FAMILY LIFE 214.39
AMERICAN TESTING LABORATORY 360.00
AQUATROL(DIV. OF MOMAR) 3,200.00
ATMOS ENERGY 11,354.64
ATMOS ENERGY MARKETING LLC 127,502.85
AUTOMATED BUSINESS MACHINES 682.00
BARLOWORLD HANDLING LP 24,579.10
BEARDSLEY & PIPER, LLC 118.65
BEAUFORT COUNTY FAMILY COURT 253.08
BECK & ASSOCIATES 165.60
BELL SOUTH 2,043.37
BELLWEATHER, INC 2,751.80
BELLWRIGHT INDUSTRIES,INC 6,176.61
BETTY BASS FLOWERS & GIFTS 74.90
B-H TRANSFER CO 12,119.25
BHA GROUP INC 743.65
BLAKE & PENDLETON INC. 11,536.91
BORDEN CHEMICAL INC. 23,424.58
BROADSPIRE SERVICES INC 19,643.82
BROWNE & SHARPE 2,300.00
BUCK ICE & COAL CO. 1,185.14
BUCKEYE BUSINESS PRODUCTS, INC 372.79
C.A. PICARD SURFACE ENGIN 4,504.29
CAIL TOOL & MACHINE 3,980.40
CAMERON & BARKLEY CO. 3,608.22
CARLA DEVITA REED 600.00
CARRIER VIBRATING EQUIPMENT, I 4,080.36
CASTROL INDUSTRIAL N A 4,555.91
CECO ASSOCIATES 4,464.00
CENTRAL TRANSPORT 512.00
CHAMPION CHISEL WORKS, INC. 2,844.50
CHAPTER 13 TRUSTEE 24,333.94
CHILD SUPPORT ENFORCEMENT, FSR 2,056.00
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
------ -------------------
CINTAS CORPORATION 5,662.05
CIT TECHNOLOGY FIN SERV, INC 2,392.52
CLAREDON TEXTILES INC. 2,551.70
CLEARINGHOUSE 332.52
CLERK OF MUNICIPAL COURT 490.30
CLERK OF THE CIRCUIT COURT 101.00
COASTAL ENERGY 43,403.18
COBB WIRE ROPE & SLING CO. 554.16
COLUMBUS FIRE & SAFETY EQUIP 822.33
COLUMBUS INDUSTRIAL SUPPLY 4,052.17
COLUMBUS WATER WORKS 12,994.97
CROWN GROUP-FORT WAYNE 4,597.18
CURTIS REDDING 1,140.00
DANIELS, RICHARD 636.42
DAUBER COMPANY, INC. 42,336.00
DAVID J JOSEPH COMPANY 2,730,000.00
DAY-TIMERS, INC. 1,668.68
DEFENDER SERVICES INC 11,722.80
DIDION MFG. CO. 19,096.50
DISAMATIC 20,067.40
EAGLITE CHEMICALS 17,406.00
EARTHLINK INC 23.95
EAST COAST INDUSTRIAL TIRE 10,723.25
EBCO BATTERY 145.97
EDDIE WILLIAMS 16,888.93
EDWARD E. RIFFLE 1,169.36
ELECTRIC MELTING SRVCES SW INC 56,511.99
ELEVATOR SERVICE CO. 252.10
ELKEM METALS, INC. 118,921.53
ENVIRONMENTAL RESOURCE ANALYST 340.00
ETA ENGINEERING, INC. 3,513.90
F & B AUTO ELECTRIC SERVICE 585.83
FAMILY SUPPORT REGISTRY FSR 40,385.85
FARGO WEAR, INC. 1,886.35
FERGUSON ENTERPRISE 426.40
FLETCHER OIL INC. 9,476.55
G E CAPITAL 009 11,061.78
G E CAPITAL 008 15,106.26
GA AUTOMATION CO. INC. 375.84
GENERAL KINEMATICS 1,639.60
GENTRY MACHINE WORKS 34,018.75
GEORGE H. CRAYTON 616.40
GEORGIA POWER CO 727,067.40
GLENN PETRIK 1,586.84
GLOBE METALLURGICAL INC 237,953.10
GOODWILL INDUSTRIES 417.30
GRAYLINK 566.26
GREENERD PRESS AND MACHINE COM 262.20
GWINNETT MAGISTRATE COURT 661.99
HARTLEY CONTROLS INC. 839.45
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
------ -------------------
HASLER MAILING SYSTEMS 205.44
HERAEUS ELECTRO-NITE CO. 29,302.63
HILCO APPRAISAL SERVICE 7,321.00
HOUGHTON INTERNATIONAL 12,461.63
HUGHES SUPPLY, INC. 8,643.81
IFCO INDUSTRIAL CONTAINER SYS 2,564.79
IKON OFFICE SOLUTIONS 1,468.76
INDUSTRIAL 1 SUPPLY CO. 51,712.55
INDUSTRIAL CHEMICALS 1,711.53
INDUSTRIAL COMBUSTION 5,425.30
INDUSTRIAL METAL FABRICAT 32,296.00
INDUSTRIAL PACKAGING CORPORATI 816.00
INTERNAL REVENUE SERVICE 1,098.00
INTERNATIONAL TREASURER-USAW 12,398.23
INTERSTATE ELECTRICAL 99,001.33
JESS W. JACKSON 1,155.35
JOHN H. GERMERAAD, TRUSTEE 475.00
JOHNSTONE SUPPLY 649.77
KENT RUDBECK 7,450.22
KF APPLICATIONS 990.00
KNOX PEST CONTROL 294.00
KONIECZNY TOOL 195.00
KRAUTKRAMER BRANSON, INC. 7,943.87
LABCORP OF AMERICA HOLDINGS 520.00
LAEMPE + REICH CORPORATION 1,545.74
LAND TRANSPORTATION 130,205.68
LARPEN METALLURGIAL SERVICE 110,880.00
LATHAM TIME RECORDERS 723.87
LEADING EDGE 44,725.11
LINA 296.00
LINDE GAS LLC 8,447.72
LOGAN MACHINE WORKS, INC 3,885.00
LORAMENDI, INC 3,372.05
MACAWBER ENGINEERING, INC. 2,059.39
MAGISTRATE COURT OF 1,713.41
MARLIN KEITH 1,000.00
MARTIN BROTHERS CONTAINERS 33,899.72
MARYLAND WIRE BELTS, INC. 1,182.28
MAYS, DANNY J. 46.64
MCI 902.86
MCI CONFERENCING 150.91
MCMASTER CARR SUPPLY CO 905.65
METALDYNE 17,201.25
METOKOTE CORPORATION 75,868.22
MICHAEL SMITH 1,044.00
MIDWEST INSTRUMENT COMPANY 1,192.50
MILLER & COMPANY 125,854.60
MILLER LANDSCAPING 700.00
MISSOURI REFRACTORIES CO. INC. 11,989.40
MODERN EQUIPMENT COMPANY 4,240.00
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
------ -------------------
MOORE, RICKY 348.00
MORRIS MATERIAL HANDLING 21,575.11
MOTION INDUSTRIES 58,305.40
MUDGE, DANIEL J 41.25
NATIONAL AFFILIATED TECHNOLOGI 3,190.00
NATIONAL BELT SERVICE, INC 19,202.57
NC CHILD SUPPORT CENTRALIZED 271.00
NEWCO 23,304.13
NOBLE COUNTY CLERK 1,560.01
NOBLE SALES 24,559.60
NORFOLK SOUTHERN CORPORATION 60,000.00
NORTHBEND PATTERN WORKS,LLC 210,490.00
OFFICE DEPOT CF 838.81
OFFICE OF THE ATTORNEY GENERAL 504.00
OHIO CSPC 1,364.16
OMNISOURCE CORPORATION 30,500.00
OVERBY COMPANY, THE 7,020.28
OVERHEAD DOOR CO. OF COLUMBUS 2,135.00
PA SCDU 270.84
PARMER WATER COMPANY 48.42
PERFECT PATTERNS SOUTH 41,436.20
PIEDMONT FOUNDRY SUPPLY, INC. 7,177.59
PIEDMONT NATIONAL CORPORA 8,286.16
PINE HOLLOW, INC. 13,905.00
PORTER WARNER 14,422.70
PREFERRED SOURCING 19,477.50
PREMIER FASTNER COMPANY 522.30
PRIMETRADE, INC. 734,161.90
PRINCE, JOHNNY 411.35
PROVIDENT LIFE & ACCIDENT INS. 3,504.06
PRYOR GIGGEY COMPANY 2,592.00
RADIO WHOLESALE MARKETING 892.63
RAY RENTS, INC. 71.19
REAVES WRECKING 2,809.87
RED HILL GRINDING WHEEL CORP. 4,729.29
REYNOLDS SUPPLY COMPANY 1,815.38
RODGERS METAL CRAFT, INC. 12,733.00
ROTO ROOTER 758.95
RUSS THUROW 7,170.00
SAFECO, INC. 15.23
SAFETY SOUTH 8,770.75
SAFETY-KLEEN CORP. 582.81
SAM'S WELDING 4,385.00
SANTA CLARA COUNTY 595.00
SCALE SYSTEMS, INC. 2,799.56
SCORE, INC 7,860.00
SCRAP PRICE BULLETIN 685.00
SERVICE FIRST, INC. 1,107.45
SERVICIOS INDUSTRIALES PRECISO 2,402.92
SHANNON/BAKER ASSOC., INC 890.58
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
------ -------------------
SHEMWELL, DAVID 210.79
SHEPARD NILES 475.91
SHERRIE FAYE LANDRY 650.00
SHOES 'N COMPANY 1,488.15
SIMPSON TECHNOLOGIES 2,495.00
SMITH GRAY ELECTRIC CO., INC. 23,892.09
SMITH, MIKE 4,647.94
SOUTHEAST PNEUMATIC SOLUTION 989.75
SOUTHEASTERN HOME OXYGEN SER 5.36
SOUTHEASTERN TESTING LAB, INC. 35.51
SOUTHERN STATES TOYOTALIFT 44,811.25
SPAR SPECIALTY REFRACTORIES 21,924.00
SPECIALTY CARBIDE PRODUCTS 306.50
SPECIALTY FOUNDRY PRODUCT 1,406.72
SPX CONTECH 3,549.00
STAFFING SOLUTIONS, COLUMBUS 1,374.00
STATE COURT OF GEORGIA 401.13
STATE COURT OF GWINNETT CTY 274.53
STATE DISBURSEMENT UNIT 3,008.94
STATE OF FLORIDA DISBURSMENT 821.84
SUNSOURCE/ACTIVATION 17,506.18
SUPREME CORES OF THE CAROLINAS 17,480.00
SWANK, LARRY 24.00
THE BUSINESS RESOURCE CENTER 1,440.00
THE NEW KEIBLER-THOMPSON CO. 3,100.00
TONEY WOODS 322.79
TRANS-MAN LOGISTICS, INC. 53,415.91
TRIPLE M MANUFACTURING, INC. 8,675.00
TRU KUT INC 1,132.53
U.S. DEPT OF EDUCATION 284.71
UMETCO, INC 109,620.00
UNEEDA GLASS 336.33
UNIFRAX 20,766.72
UNIMIN CORPORATION 46,911.12
UNISOURCE WORLDWIDE INC 834.00
UNITED POWER SERVICE INC 1,402.00
UNITED STATES POSTAL SERVICE 1,000.00
UNIVERSAL SOLUTIONS 1,000.00
VALLEY PLUMBING COMPANY 2,465.00
VAN ALLEN FIRST AID + SAFETY 945.40
VESUVIUS U.S.A. 18,418.94
VICTORIA BODLEY 200.00
VOLVO RENTS 1,636.51
VULCAN ELECTRO COATING 39,103.43
VULCAN ENGINEERING CO. 3,635.47
WARD, WILLIAM H. 78.96
WARR GRADING CONTRACTOR 30,888.00
WASTE MANAGEMENT 2,255.56
WHEELABRATOR ABRASIVES, INC. 15,015.00
WHEELABRATOR INTERNATIONAL 19,138.34
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
------ -------------------
WILLIAM A.KIBBE & ASSOCIATES 3,255.00
WILLS ENTERPRISES, INC. 15,496.66
WOODRUFF PROPERTY MANAGEMENT 1,338.16
YANCEY BROS. CO., 2,419.88
YELLOW CAB OF COLUMBUS INC. 5.00
--------------
$ 7,795,806.65
COLUMBUS FOUNDRY
CASE NO. 04-67609
AT 12/31/04
COLUMBUS FOUNDRY - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 709,640.34
Georgia Sales Tax EFT booked in January (58,176.69)
Misc Reconciling Items (7,235.90)
--------------
644,227.75
Unadjusted GL Balance 644,227.75
--------------
Difference $ -
==============
COLUMBUS FOUNDRY
OUTSTANDING CHECK LIST
CASE NO. 04-67609
CHECK DATE OUTSTANDING
15522 10/15/2004 $ 308.38
15599 10/20/2004 270.84
15810 11/2/2004 200.67
16349 11/30/2004 948.56
16428 12/2/2004 270.84
16531 12/7/2004 1,000.00
16658 12/13/2004 26.70
16714 12/14/2004 685.00
16772 12/17/2004 13,526.20
16803 12/17/2004 2,468.08
16804 12/17/2004 14,324.70
16806 12/17/2004 253.08
16809 12/17/2004 450.00
16810 12/17/2004 332.52
16817 12/17/2004 778.00
16818 12/17/2004 1,713.41
16819 12/17/2004 271.00
16820 12/17/2004 682.08
16822 12/17/2004 595.00
16823 12/17/2004 401.13
16824 12/17/2004 821.84
16826 12/17/2004 200.00
16832 12/17/2004 40,385.85
16840 12/22/2004 145.16
16847 12/22/2004 2,522.10
16848 12/22/2004 118.65
16854 12/22/2004 472.03
16856 12/22/2004 14,112.00
16859 12/22/2004 1,571.29
16875 12/22/2004 5,510.00
16884 12/22/2004 1,035.00
16886 12/22/2004 4,635.00
16888 12/22/2004 1,014.98
16890 12/22/2004 472.50
16892 12/22/2004 136.32
16898 12/22/2004 5,112.00
16899 12/22/2004 81.51
16955 12/29/2004 212.54
16956 12/29/2004 135.00
16957 12/29/2004 1,600.00
16958 12/29/2004 7,261.84
16959 12/29/2004 2,751.80
16960 12/29/2004 6,176.61
16961 12/29/2004 74.90
16962 12/29/2004 743.65
16963 12/29/2004 11,536.91
16964 12/29/2004 2,764.00
16965 12/29/2004 671.86
16966 12/29/2004 430.46
COLUMBUS FOUNDRY
OUTSTANDING CHECK LIST
CASE NO. 04-67609
CHECK DATE OUTSTANDING
16967 12/29/2004 1,362.11
16968 12/29/2004 2,653.82
16969 12/29/2004 1,196.26
16970 12/29/2004 241.77
16971 12/29/2004 1,223.97
16972 12/29/2004 1,245.58
16973 12/29/2004 14,112.00
16974 12/29/2004 42.78
16975 12/29/2004 4,562.41
16976 12/29/2004 252.10
16977 12/29/2004 585.83
16978 12/29/2004 1,886.35
16979 12/29/2004 2,458.51
16980 12/29/2004 11,061.78
16981 12/29/2004 7,553.13
16982 12/29/2004 331.11
16984 12/29/2004 7,857.25
16985 12/29/2004 9,460.00
16986 12/29/2004 466.20
16987 12/29/2004 426.93
16988 12/29/2004 734.38
16989 12/29/2004 9,718.00
16992 12/29/2004 19,167.60
16994 12/29/2004 11,977.44
16995 12/29/2004 1,155.35
16996 12/29/2004 81.99
16997 12/29/2004 2,583.69
16998 12/29/2004 524.38
16999 12/29/2004 723.87
17000 12/29/2004 2,059.39
17001 12/29/2004 80.82
17002 12/29/2004 1,842.75
17003 12/29/2004 1,620.09
17006 12/29/2004 14,888.91
17007 12/29/2004 19,202.57
17008 12/29/2004 8,113.44
17009 12/29/2004 21,250.00
17010 12/29/2004 1,106.98
17011 12/29/2004 1,250.00
17014 12/29/2004 11,390.00
17015 12/29/2004 339.55
17016 12/29/2004 3,456.50
17017 12/29/2004 5,312.50
17018 12/29/2004 356.31
17019 12/29/2004 919.31
17020 12/29/2004 846.89
17021 12/29/2004 15.23
17022 12/29/2004 472.50
17023 12/29/2004 1,158.50
17024 12/29/2004 2,402.92
COLUMBUS FOUNDRY
OUTSTANDING CHECK LIST
CASE NO. 04-67609
CHECK DATE OUTSTANDING
17025 12/29/2004 1,184.69
17027 12/29/2004 11,299.58
17028 12/29/2004 1,220.10
17029 12/29/2004 7,257.60
17030 12/29/2004 834.00
17031 12/29/2004 1,890.00
17032 12/29/2004 133.16
17033 12/29/2004 3,475.30
17035 12/29/2004 1,960.79
17036 12/29/2004 2,419.88
17037 12/29/2004 12,987.09
17038 12/29/2004 12,398.23
17039 12/29/2004 671.59
17040 12/29/2004 14.92
17041 12/29/2004 1,086.00
17042 12/29/2004 990.00
17044 12/29/2004 99,010.32
17724 12/16/2004 4080.36
59550 10/1/2004 180,782.99
---------------
$ 709,640.34
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: DECEMBER 31, 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: JANUARY 20, 2005 _____________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Form 6
Columbus Foundry, L.P.
Case Number: 04-67609
Intermet Corporation and Subsidiaries
Schedule of In-Force Insurance
INSURANCE TYPE CARRIER POLICY PERIOD
- -------------- ------- -------------
Property Lloyds 11/1/04-11/1/05
Boiler/Machine Hartford 11/1/04-11/1/05
Cargo Fireman's Fund 11/1/04-11/1/05
Truck Cargo Fireman's Fund 11/1/04-11/1/05
Aviation USAIG 11/1/04-11/1/05
Fiduciary St. Paul 11/1/04-11/1/05
Primary D&O St. Paul 11/1/04-11/1/05
Excess D&O Chubb 11/1/04-11/1/05
Excess D&O Platte River 11/1/04-11/1/05
Crime AIG 12/1/04-12/1/05
General Liability ACE 12/22/04-12/22/05
Umbrella National Union 12/22/04-12/22/05
Workers' Comp ACE 12/22/04-6/22/05
Excess Workers' Comp ACE 12/22/04-12/22/05
Auto ACE 12/22/04-12/22/05
Foreign (DIC) ACE 12/22/04-12/22/05
Note: This list does not include In-Force Insurance for Foreign Subsidiaries.
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 DECEMBER 31, 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: JANUARY 20, 2005 /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 12-31-04
($000's)
CASE #04-67612
DIVERSIFIED
DIEMAKERS
------------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales $ 6,065 $ 20,362
Cost of Goods Sold
Materials and Freight 2,068 7,213
Wages - Hourly 1,115 3,739
Wages-Salary 119 421
Employee Benefits and Pension 949 2,358
Repairs & Maintenance 462 1,292
Supplies 99 338
Utilities 318 843
Purchased Components/Services - -
Income(loss) from Pattern Sales 264 414
Fixed Asset - (gain/loss) - -
MIS Expense - -
Travel & Entertainment 1 7
Other Variable Costs 377 1,222
Depreciation & Amortization 457 1,773
Other Allocated Fixed Costs 627 1,241
Other Fixed Costs 129 400
-------- ---------
Cost of Goods Sold 6,985 21,261
Gross Profit (920) (899)
Plant SG&A Expense (4) (7)
SG&A Expense - Allocation (Sched 1) 240 720
Other Operating Expenses - -
-------- ---------
Total Operating Expenses 236 713
Operating Profit (1,156) (1,612)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (159) (500)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) - -
-------- ---------
Total Non-Operating Expenses (159) (500)
Income Before Income Taxes (1,315) (2,112)
Income Tax Expense - 4
-------- ---------
Net Income ($ 1,315) ($ 2,116)
======== =========
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs December
(Allocation of Corporate Costs to Filing Entities)
(000's)
December
---------
Officer Compensation $ 189
Salary Expense other Employees 799
Employee Benefits and Pension (23)
Payroll Taxes 39
Other Taxes 0
Rent and Lease Expense 220
Interest Expense
Insurance 36
Automobile and Truck Expense 1
Utilities(Gas Electric,Phone) 84
Depreciation 128
Travel and Entertainment 55
Repairs and Maintenance 51
Advertising/Promotion 0
Supplies, Office Expense 26
OTHER:
Contributions 0
Professional Fees - Audit/Tax 131
Bank Fees 147
Public Reporting Fees 16
Employee Relocation/Training 11
Data Processing 19
Dues and Subscriptions 11
Outside Services 114
Project Development Costs net of Billings (34)
Director Fees 25
Miscellaneous 19
Professional Fees - Bankruptcy 3,428
Cost Allocation - Out (267)
-------
$ 5,223
=======
Allocation:
Wagner Castings 177
Northern Castings 47
Ironton Iron 0
Lynchburg Foundry 179
Columbus Foundry 290
Wagner Havana 0
Intermet U.S. Holdings 241
Cast-Matic Corp. 76
Diversified Diemakers 240
Ganton Technologies 156
Tool Products 127
Intermet Corporation 3,689
-------
Total $ 5,223
=======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 12-31-04
DIVERSIFIED
DIEMAKERS
------------
Cash And Equivalents $ 30
Accounts Receivable 10,701
Short-Term Intercompany Receivables 28
Inventories 11,432
Other Current Assets 431
---------
TOTAL CURRENT ASSETS 22,622
Land and Buildings 16,395
Machinery & Equipment 59,070
Construction In Progress 1,000
---------
Total Fixed Assets 76,465
Accumulated Depreciation (40,649)
---------
NET FIXED ASSETS 35,816
Investment In Subsidiaries 0
Investment In European Operations 0
Long-Term Intercompany Receivables 42,765
Deferred Taxes, Long-Term Asset 0
Other Assets 0
---------
TOTAL ASSETS $ 101,203
=========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 349
Wages and Salaries (See schedule) 31
Taxes Payable - (See schedule) 274
---------
TOTAL POST PETITION LIABILITIES 654
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 6,288
IDR Bonds 0
---------
TOTAL UNSECURED LIABILITIES 6,288
OTHER LIABILITIES
Accrued Liabilities 4,017
Short-Term Intercompany Payables 0
Capital Leases 0
Retirement Benefits 1,083
Deferred Taxes - Long-Term Liability 0
Other Long-Term Liabilities 1,477
Long-Term Intercompany Payables 0
Minority Interest 0
---------
TOTAL LIABILITIES 14,514
Common Stock 0
Capital In Excess Of Par Value 110,000
Retained Earnings - Prepetition (21,195)
Retained Earnings - Post Petition (2,116)
Equity In European Operations
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
---------
TOTAL SHAREHOLDER EQUITY 86,689
Total Liabilities And Equity $ 101,203
=========
PERIOD ENDED: 12-31-04 DIVERSIFIED DIEMAKERS, INC. CASE #04-67612
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
11/30/2004 Withheld Deposits 12/31/2004
------------------------------------------------------------------
Income tax withheld: Federal ($ 48,678) ($ 158,577) $ 201,191 ($ 6,065)
Income tax withheld: State (15,265) (50,300) 63,680 (1,884)
Income tax withheld: Local 0 0 0 0
FICA Withheld (40,326) (126,093) 161,598 (4,822)
Employers FICA (40,326) (126,093) 161,597 (4,822)
Unemployment Tax: Federal (306) (974) 1,232 (47)
Unemployment Tax: State (1,225) (3,895) 4,930 (190)
All Other Payroll W/H 0 (250,808) 240,842 (9,966)
State Taxes: Inc./Sales/Use/Excise 4,389 (6,569) 3,408 1,228
Property Taxes 36,715 (47,861) 11,146 0
Workers Compensation (108,054) 0 (139,269) (247,323)
-----------------------------------------------------------------
Total ($ 213,077) ($ 771,169) $ 710,354 ($ 273,892)
Wages and Salaries (478,290) (1,169,778) 1,616,866 (31,202)
-----------------------------------------------------------------
Grand Total ($ 691,366) ($ 1,940,947) $ 2,327,220 ($ 305,093)
=================================================================
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 $ 349,329 $ 335,205 $ 14,123 $ 0
Accounts Receivable $12,406,690 $9,485,883 $683,928 $2,236,879
PERIOD ENDED 12/31/2004
INTERMET CORPORATION AND SUBSIDIARIES
MONTHLY CASH STATEMENT
CASH ACTIVITY ANALYSIS:
CASE # 04-67612
DIVERSIFIED DIE MAKERS (MONROE)
------------------------------------------
Account Type Lockbox 672976 Deposit AP
Account # 1851811313 3473589977 2176982854
Bank Comerica Bank of America Comerica
Beginning Bank Balance - 17,057 -
Receipts 6,247,777 1,128,570 15,356
Transfers IN (Corporate) - - 1,345,484
Dip Inflow - - -
Disbursements - (844) (1,360,840)
Transfers OUT (Corporate) (6,247,777) (1,138,184) -
Dip Repayment - - -
------------------------------------------
Ending Bank Balance - 6,599 0
Wires Paid for by Corporate 2,972,297
Checks Issued 1,820,392
----------
Total Disbursements (See Total
Disbursements Reconciliation) $4,792,689
==========
Outstanding Checks As of November 30 308,723
Voided Checks Outstanding as of November (1,025)
Check #338078 Cleared in November and
Posted & Returned 12/1. (225)
Checks Issued in December 1,820,392
Check Cleared in December (1,360,840) Includes $ 15,356.36 of
checks posted and returned.
----------
Outstanding Checks as of December 31
(See Outstanding Checklist) 767,024
==========
CASE # 04-67612
DIVERSIFIED DIE MAKERS (MONROE)
--------------------------------------------------------------------------
Account Type Checking Checking PR Benefits
Account # 5045182027 5970758593 2176983043 688486 - Inactive
Bank Bank of America UMB Bank Comerica Bank One Total
Beginning Bank Balance 21,526 832 - - 39,415
Receipts - 221 - - -
Transfers IN (Corporate) - - 982,221 - -
Dip Inflow - - - - -
Disbursements - (9) (982,221) - -
Transfers OUT (Corporate) - - - - -
Dip Repayment - - - - -
--------------------------------------------------------------------------
Ending Bank Balance 21,526 1,045 - - 39,415
Wires Paid for by Corporate 1,220,852 4,193,149
Checks Issued
Total Disbursements (See Total
Disbursements Reconciliation)
Outstanding Checks As of November 30
Voided Checks Outstanding as of November
Check #338078 Cleared in November and
Posted & Returned 12/1.
Checks Issued in December
Check Cleared in December
Outstanding Checks as of December 31
(See Outstanding Checklist)
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- -------------------------------------------------------------------------------------
A & S PRINTING SERVICE $ 14,118.78
ABB INC. 3,057.00
ABBOTT SUPPLY LLC 514.32
ACCURATE EXHAUST 300.00
ACCUTHERM INC. 1,992.80
ACHESON COLLOIDS COMPANY 106.08
ADECCO EMPLOYMENT SERVICES 33,177.53
AEROMET 454.55
AFASSCO 10,122.86
AKH, INC. 242.80
AL DIMMITT 671.75
ALAN T. LYNN, INC. 3,720.35
ALCOA FASTENING SYSTEMS 2,346.38
ALCOA INC. 9,920.00
ALLEGHENY COATINGS 887.05
ALRO MASCO ST. LOUIS 1,483.04
AMACOR 461,700.00
AMERICAN METAL CHEMICAL CORP 297.00
AMERICAN TANK & FABRICATING CO 25,000.00
ANITA DUNKLE 186,715.70
ANIXTER, INC. 1,544.38
APPLEBEE TREE FLOWERS & GIFTS 85.24
AROBOTECH SYSTEMS INC 2,266.50
ARROW TOOL & DIE 300.00
ASHBY CROSS COMPANY, INC 25.60
AT&T 77.65
ATMOS ENERGY 5,012.10
AUTOMOTIVE NEWS 99.00
AWERKAMP MACHINE CO. 2,640.00
BANK OF AMERICA 7,188.75
BANNER MACHINE TOOL&SUPPLY CO 1,139.12
BATES SALES COMPANY 113.32
BDC, INC. 9,134.14
BDI INDUSTRIAL SUPPLIES 129.30
BENT TUBE, INC. 960.90
BFI QUINCY 5,036.05
BIJUR LUBRICATING CORPORATION 22.64
BILL HAMRICK 75.00
BLEIGH READY MIX CO. 682.69
BODLE DIAMOND INDUSTRIES 137.00
BORIDE ENGINEERED ABRASIVES 63.62
BOULEVARD PROPERTIESM, LLC. 1,642.50
BRENT DUDGEON (employee) 1,451.20
BUCKMAN'S CONVENIENCE STORE 1,045.51
CADMIN SERVICES 2,307.42
CALIFORNIA INDUSTRIAL PRODUCTS 18,920.61
CAMCAR DIVISION OF TEXTRON 437.74
CAMCAR TEXTRON 9,150.11
CANFIELD & JOSEPH, INC. 1,755.00
CAPE ELECTRICAL SUPPLY, INC. 8,078.03
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
DECEMBER 2004 CASE NO. 04-67612CASE NO. 04-67612
VENDOR TOTAL DISBURSEMENTS
- -------------------------------------------------------------------------------------
CASTING EQUIPMENT & SUPPLY 666.42
CASTOOL TOOLING SOLUTIONS 402.00
CENTRAL WELDING SUPPLIES, INC. 18,551.22
CENTURYTEL 4,858.04
CENTURYTEL OF SOUTHWEST MO 77.99
CERTANIUM ALLOYS 2,325.60
CHARLIE SMOOT (employee) 18.75
CHEM-TREND INCORPORATED 20,141.82
CHINN ENTERPRISES, LLC 25,124.00
CHRISTY REFRACTORIES COMPANY 2,727.70
CITY OF HANNIBAL 21,088.79
CITY OF MONROE CITY 144,954.31
CITY OF PALMYRA 18,876.78
COMETALS 114,416.89
COMMON SENSE ENTERPRISES 305.00
CONTAINER DISTRIBUTERS INC 6,078.20
CONTROL-AIR, INC. 1,844.93
COPPER & BRASS SALES 261.34
CORROSION PRODUCTS INC. 68.93
CREST PRODUCTS INC 8,548.00
CROSS HULLER DRILLUNIT 577.93
CROWN LINEN SERVICE, INC. 2,389.17
CW & ASSOCIATES 192.49
DAN FOSTER (employee) 75.62
DANA CORPORATION 105,220.00
DAVID WHITE 75.00
DAVIS TOOL & DIE 11,320.00
DCT INDUSTRIAL SUPPLY 158.67
DDC INDUSTRIES 1,475.25
DEAD SEA MAGNESIUM LTD 686,337.32
DEBBIE LUNDBERG (employee) 30.00
DEBBY SHIVELY (employee) 30.00
DENNY MOSS 152.02
DIEMER & ASSOCIATES 4,628.63
DISA GOFF, INC. 39.66
DIVERSIFIED DIEMAKERS(employee related) 3,240.41
D-M-E 202.54
DOMINO AMJET INC 148.12
DON HAYS (employee) 138.08
DOORS & MORE 104.13
EASTERN ALLOYS 195,009.73
EEO CONSULTING 5,280.00
EFC INTERNATIONAL 5,326.56
EFD, INC. 216.34
E-JAY THERMO PRODUCTS, INC. 955.76
ELECTRICAL SOUTH LP 3,087.05
ELECTROCHEM, INC. OF MO 2,076.00
ENGINEERED LUBRICANTS CO. 14,485.52
ENGINEERED PRODUCTS 3,040.60
ESTES FREIGHT 2,104.87
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- -------------------------------------------------------------------------------------
FANUC ROBOTICS NORTH AMERICA 180.12
FASHION OPTICAL COMPANY 725.09
FASTENAL COMPANY 3,689.97
FedEx 700.73
FLO-PRODUCTS COMPANY 316.92
FRANK FLORI EQUIPMENT CO. 1,113.59
FRENCH GERLEMAN ELECTRIC CO. 7,721.41
FREUDENBERG - NOK 9,993.04
FS MIDWEST 695.00
G.S. ROBINS AND COMPANY 961.45
GALLAGHER BENEFIT SERVICES 5,000.00
GARFIELD ALLOYS, INC.(Magretech) 138,024.89
GARY YAGER 329.75
GASKET & SEAL FABRIC. INC. 161.35
GATEWAY METALS INC. 3,755.75
GDC, INC. 3,137.60
GEO. C. POTTERFIELD TRUCKING 600.00
GOAD COMPANY 326.70
GRAINGER 4,835.11
GREAT RIVER RESTAURANT ASSO 2,310.00
GREENFIELD COMMERCIAL CREDIT 430.00
HANNIBAL BOARD OF PUBLIC WORKS 31,147.94
HANNIBAL REGIONAL HOSPITAL 460.00
HAROLD BAKER JR 81.39
HARTWIG, INC. 3,232.70
HEIMER CONSTRUCTION 13,790.53
HEINTZ ELECTRIC COMPANY 3,857.88
HELCO PRECISION TOOLS & GAGES 403.59
HELLEBUSCH TOOL & DIE, INC. 22,000.00
HEWLETT-PACKARD COMPANY 6,098.97
HILLYARD FLOOR CARE SUPPLY 3,965.53
HTE TECHNOLOGIES 11,834.94
IDG USA, LLC 6,963.31
IDRAPRINCE, INC. 5,645.89
ILLINI ENVIRONMENTAL INC. 6,000.00
INDUSTRIAL FINISHING SERVICES 15,477.36
INDUSTRIAL INNOVATIO 5,215.80
INDUSTRIAL PROCESS EQUIP GROUP 5,034.64
INDUSTRIAL STRAINER COMPANY 2,317.87
INDUSTRIAL TECHNOLOGIES, INC. 77.50
INSIGHT/HARDDRIVES INT'L. 394.58
INSPEC, INC 133.00
INT'L SURFACE PREPARTION CORP 6,054.14
IOSSO METAL PROCESSES 1,600.00
IOWA MACHINERY & SUPPLY 434.24
JACKSON BROS-HEARTLAND 2,756.22
JARRETT PORTER 33.75
J-COM EDI SERVICES 65.00
JOELLEN DAVIS 66.00
JOHN COOK 40.44
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- -------------------------------------------------------------------------------------
JOHN HENRY FOSTER CO. 1,302.28
K. P. WESSELING & CO., INC. 83.17
KAMAN AEROSPACE CORP. 695.00
KAMAX GB DUPONT LP 3,092.18
KELM ACUBAR COMPANY 26,256.00
KEVIN BICHSEL (employee) 63.25
KEYSTONE POWDERED METAL 21,399.62
KHMO AM 1070 84.00
KICK-FM BICK BROADCASTING 21.00
KOBOLD INSTRUMENTS, INC. 351.68
KOMAR SCREW CORP. 941.22
KONIECZNY TOOL & DIE 14,250.00
L.N. BROSS 8,619.71
LADONNA BERRY 36.00
LAKE ERIE PRODUCTS 3,617.46
LEE HORNEYER COMPANY 208.81
LENZKES CLAMPING TOOLS 3,585.10
LEO O'LAUGHLIN, INC. 5,200.00
LISANN HAYES (employee) 20.00
LUBRICATION ENGINEERS 642.21
LUBY EQUIPMENT SERVICES 1,566.30
MANPOWER 8,846.66
MARIE HAYS 30.00
MARION COUNTY COLLEC 231,920.65
MARK ADAMS 147.15
MARK TWAIN SUPPLY CO. 6,405.68
MARK YAGER (employee) 256.50
MARLIN REAGAN (employee) 30.00
MARLON BUSINESS FORMS 1,393.67
MAURICE DEBRACKELEIRE 75.00
MAZAK CORPORATION MIDWEST 79.56
MC MACHINERY SYSTEMS, INC. 167.32
MCMASTER-CARR SUPPLY COMPANY 1,906.74
MEDANOS INDUSTRIAL SERVICES 2,940.00
MENNE TOOL & DIE 7,740.00
MERRICK MACHINERY CO. 1,790.27
METALEX, L.P. 20,210.00
MFA OIL CO. 1,632.00
MID-AMERICAN PROD. INC 10,080.00
MIDLAND INDUSTRIES, INC. 31,740.80
MIDSTATES TOOL & CUTTER 1,371.79
MINIATURE PRECISION COMPONENTS 3,781.80
MISSOURI DEPARTMENT OF REVENUE 171.00
MO DEPT OF NATL RESO 550.79
MOHLER MATERIAL HANDLING, I 2,199.36
MONICA RIDDLE 78.95
MONROE AUTO PARTS 461.50
MONROE CITY SHELTER WORK SHOP 19,132.50
MONROE TIRE & BATTERY 16.00
MOTION INDUSTRIES, INC 5,756.31
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- -------------------------------------------------------------------------------------
MSC INDUSTRIAL SUPPLY CO. 1,032.13
MUNROE MATERIAL HANDLING 102.95
MVI, INC. 443.87
NALCO COMPANY 3,101.83
NATIONAL FILTER MEDIA CORP. 334.21
NATIONAL KARD 318.67
NATIONAL TOOL AND MFG. CO. 54.31
NEECE OFFICE EQUIPMENT 79.66
NEFF POWER INC. 2,777.88
NEWARK INONE 865.99
O.K. FASTENERS INC 2,477.16
ODESSA HARDWICK 179.40
ONEOK ENERGY MARKETING COMPANY 82,730.46
OVERHEAD DOOR CO. OF QUINCY 420.00
PALMYRA BOARD OF PUBLIC WORKS 50,942.30
PALMYRA CARQUEST 135.53
PALMYRA SHEET METAL 150.00
PATRICIA SPEGAL 21.75
PAULO PRODUCTS CO. 3,203.18
PDC LABORATORIES, IN 2,255.00
PERRY MACHINE AND DIE INC. 99,997.18
PHELPS ASSOCIATES, INC. 361.28
PMI COMPUTER SUPPLIE 112.15
POWERWAY INC 1,150.00
PRECISION DEBURRING & SANDING 4,208.88
PRECISION INTERNATIONAL CORP. 45.22
PRECISION TOOL COMPANY 4,235.43
PRUDENTIAL INSURANCE 12,790.66
PSYCHEMEDICS CORPORATION 3,721.00
Q-CEE'S PRODUCTS DIVISION 202.02
QSR GROUP, INC. 3,376.10
QST, INC. 3,450.00
QUALITY LOGISTICAL SERVICES 662.50
QUINCY FREIGHTLINER, INC. 1,300.00
QUINCY MALL 2,000.00
QUINCY MEDICAL GROUP 139.00
QWEST COMMUNICATIONS 2,400.45
R.L. HOENER COMPANY 31.95
R.L. WEISHEIMER & ASSOC. 463.45
RADCO INDUSTRIES 4,937.00
RADLEY CORPORATION 11,964.50
RAMAIR 282.42
RANDY PARN (employee) 30.00
RAYMOND J. QUINLAND - LANDLORD 7,000.00
RC MACHINE, INC. 412.86
RELIABLE TERMITE & PEST CTRL. 2,043.35
REN POTTERFIELD TRUCKING, INC. 700.00
RENTAL SERVICE CORPORATION 1,362.36
RIBACK SUPPLY CO. 246.82
RICHARD GREENE CO. 763.87
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- -------------------------------------------------------------------------------------
RICHARDS ELECTRIC MOTOR CO. 2,937.61
RIGGING GEAR SALES OF TENN. 2,410.00
RIMROCK 2,727.43
ROBERTS LOADING DOCK & EQUIP. 35.39
ROBEY BUILDING SUPPLY, INC. 359.48
ROCHESTER TOOL & CUTTER 318.50
ROCKLIN MANUFACTURING CO. 34.32
RODGER BROWN 75.00
ROLAND MACHINERY CO 51.22
RONNIE BERRY (employee) 24.00
ROTOLITE OF ST.LOUIS INC 310.40
ROTOR CLIP CO INC 395.66
RTD OFFICE PRODUCTS 1,454.41
RUDOLPH BROS & CO 2,936.76
RUSTIC OAK CABIN RESTAURANT 6,328.28
SAFETY-KLEEN SYSTEMS 2,478.02
SANDY SHINN (employee) 30.00
SBC 3,095.00
SCHILLER'S 498.25
SCOTT SPECIAL TOOLS, INC. 4,338.22
SCOTT WILLIAMS (employee) 322.51
SEMBLEX CORP. 48,611.00
SEMCO, INC. 1,670.71
SENTRY INSURANCE 343.24
SHAD METCALF 70.99
SHAMROCK FIRE EXTINGUISHER SVC 956.79
SHANNAHAN CRANE & HOIST, INC. 332.90
SHARP BROS. INC 1,150.00
SHERYL HAYS (employee) 130.62
SHOT-END SUPPLY, INC. 6,834.00
SLIDEMATIC PRODUCTS COMPANY 2,342.76
SLOAN INDUSTRIES INC 8,129.00
SOLUTIA INC 1,292.99
SOUTHWEST PUMPS & FILTERS, INC 1,171.33
SOUTHWESTERN BELL 488.40
SPAN AMERICA, INC. 680.58
SPAN de MEXICO 350.00
SPAN MANUFACTURING 2,910.00
SPECTRA COMMUNICATIONS GROUP 676.08
SPECTRO ALLOYS CORP 252,800.00
SPECTRUM HUMAN RESOURCE SYS 5,615.00
SPHERION CORPORATION 4,209.45
SPINCRAFT 413.28
SPRINTER MARKING INC. 272.34
SRI 1,520.00
ST. LOUIS TESTING LAB, INC. 2,530.00
STERLING COMMERCE-NETWORK 721.03
STERLING, INC. 483.91
STEVE CHOU 26.26
STURGIS AUTOMATION, INC. 1,080.00
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- -------------------------------------------------------------------------------------
SUNNEN PRODUCTS COMPANY 1,612.05
SURFTRAN MANUFACTURING CO, LLC 69.03
SYDNEY CHINN 39.76
TDC FILTER MANUFACTURING, INC. 519.06
TECHMIRE USA 124.00
TELESIS TECHNOLOGIES INC 239.76
TEMTRON, INC. 196.18
TENNANT 351.55
THE GOLDEN RULER, INC. 84.53
THE LAKE GAZETTE 160.00
TIMKEN US CORPORATION 63,548.70
TINNERMAN PALNUT ENGINEERED 14,885.07
TOM BOLAND FORD, INC. 75.00
TOM CHRISTINE 105.72
TOOLING ASSOCIATES 814.18
TOYOTA TSUSHO AMERICA INC 33,160.32
TRANS MAN LOGISTICS, INC 31,897.59
U.S. CELLULAR 1,168.03
U.S. MAGNESIUM, LLC 814,354.84
U.S. POSTAL SERVICE 1,235.94
UGS 2,174.60
UNISOURCE WORLDWIDE INC. 24,558.62
UNITED STATES DRILL HEAD CO 715.28
VEATCH'S 36.41
VICTORY PACKAGING 6,044.87
VISI-TRAK WORLDWIDE, LLC 857.31
VONTHUN POWERWASHING 2,800.00
WALMART 8,050.00
WALTER TULEY 204.64
WES RUBISON 67.60
WESBELL DEDICATED ASSEMBLY LTD 357.64
WESTHOFF 106.49
WHITLAM LABEL CO. 216.00
WIESE PLANNING & ENGINEERING 1,663.83
WILLIAM A KIBBE & ASSOCIATES 210.00
WILLIAMS EQUIPMENT & ELECTRIC 1,437.26
WINK'S LAWN SERVICE 2,942.00
WISE EL SANTO CO., INC. 3,673.64
--------------
$ 4,792,689.31
DIVERSIFIED DIEMAKERS, INC.
CASE NO. 04-67612
AT 12/31/04
MONROE - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding AP Checks 767,024.42
Actual Outstanding Payroll Checks 236,828.45
----------
Total Outstanding Checks 1,003,852.87
Misc Reconciling Items rectified in January 9,649.22
-------------
1,013,502.09
Unadjusted GL Balance 1,013,502.09
-------------
Difference $ -
=============
DIVERSIFIED DIEMAKERS, INC.
CASE NO. 04-67612
MONROE
OUTSTANDING CHECKS
CASE NO. 04-67612
CHECK DATE OUTSTANDING
337183 10/5/2004 $ 45.00
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
337812 11/12/2004 10.88
337916 11/16/2004 341.24
337930 11/17/2004 454.88
338402 12/8/2004 1,755.00
338428 12/10/2004 30.00
338437 12/10/2004 146.26
338455 12/10/2004 47.11
338456 12/10/2004 36.91
338510 12/14/2004 695.00
338529 12/14/2004 72.79
338547 12/15/2004 221.38
338550 12/16/2004 5,591.13
338571 12/17/2004 402.00
338576 12/17/2004 359.48
338584 12/17/2004 1,568.80
338591 12/17/2004 192.31
338597 12/17/2004 30.00
338612 12/17/2004 391.44
338614 12/17/2004 30.00
338617 12/17/2004 215.20
338621 12/17/2004 715.28
338634 12/20/2004 1,111.51
338635 12/20/2004 175.11
338637 12/20/2004 195.16
338639 12/21/2004 1,400.00
338641 12/21/2004 79.66
338646 12/22/2004 91.39
338655 12/22/2004 67.60
338658 12/23/2004 329.47
338663 12/23/2004 1,428.23
338667 12/23/2004 4,667.10
338668 12/23/2004 629.69
338670 12/23/2004 129.30
338671 12/23/2004 137.00
338678 12/23/2004 1,740.00
338680 12/23/2004 696.75
338684 12/23/2004 49.10
338688 12/23/2004 63.44
338691 12/23/2004 685.61
338692 12/23/2004 139.00
338693 12/23/2004 401.75
DIVERSIFIED DIEMAKERS, INC.
CASE NO. 04-67612
MONROE
OUTSTANDING CHECKS
CASE NO. 04-67612
CHECK DATE OUTSTANDING
338694 12/23/2004 54.14
338695 12/23/2004 107.56
338696 12/23/2004 30.09
338697 12/23/2004 887.20
338698 12/23/2004 80.00
338700 12/28/2004 168.69
338701 12/28/2004 326.48
338702 12/28/2004 111.70
338707 12/29/2004 186,715.70
338708 12/29/2004 25,399.24
338709 12/29/2004 150,508.35
338711 12/29/2004 38,959.50
338712 12/29/2004 32,000.00
338713 12/29/2004 2,573.44
338714 12/29/2004 1,992.80
338715 12/29/2004 7,191.20
338716 12/29/2004 671.75
338717 12/29/2004 297.00
338718 12/29/2004 25,000.00
338719 12/29/2004 300.00
338720 12/29/2004 77.65
338721 12/29/2004 99.00
338722 12/29/2004 7,188.75
338723 12/29/2004 215.74
338724 12/29/2004 2,504.02
338725 12/29/2004 22.64
338726 12/29/2004 821.25
338727 12/29/2004 569.21
338728 12/29/2004 2,307.42
338729 12/29/2004 416.83
338730 12/29/2004 1,061.12
338732 12/29/2004 817.58
338733 12/29/2004 21.27
338734 12/29/2004 1,202.10
338735 12/29/2004 18.75
338736 12/29/2004 1,530.00
338737 12/29/2004 6,032.00
338738 12/29/2004 1,640.20
338739 12/29/2004 21,088.79
338740 12/29/2004 25.00
338741 12/29/2004 18,876.78
338742 12/29/2004 291.84
338743 12/29/2004 261.34
338744 12/29/2004 39.79
338746 12/29/2004 2,389.17
338747 12/29/2004 74.30
338748 12/29/2004 4,628.63
DIVERSIFIED DIEMAKERS, INC.
CASE NO. 04-67612
MONROE
OUTSTANDING CHECKS
CASE NO. 04-67612
CHECK DATE OUTSTANDING
338749 12/29/2004 39.66
338750 12/29/2004 7.12
338751 12/29/2004 119.16
338752 12/29/2004 221.24
338753 12/29/2004 150.00
338754 12/29/2004 74.06
338755 12/29/2004 2,640.00
338756 12/29/2004 67.76
338758 12/29/2004 2,530.36
338759 12/29/2004 161.14
338760 12/29/2004 3,000.00
338761 12/29/2004 92.10
338762 12/29/2004 161.35
338763 12/29/2004 1,652.20
338764 12/29/2004 1,568.80
338765 12/29/2004 300.00
338766 12/29/2004 326.70
338767 12/29/2004 4,777.09
338768 12/29/2004 2,310.00
338770 12/29/2004 13,790.53
338771 12/29/2004 2,879.52
338772 12/29/2004 82.13
338774 12/29/2004 6,098.97
338775 12/29/2004 3,965.53
338776 12/29/2004 4,792.82
338777 12/29/2004 822.95
338778 12/29/2004 5,215.80
338779 12/29/2004 47.38
338780 12/29/2004 307.14
338781 12/29/2004 133.00
338782 12/29/2004 3,104.14
338783 12/29/2004 1,300.00
338784 12/29/2004 207.19
338785 12/29/2004 2,756.22
338786 12/29/2004 33.75
338787 12/29/2004 223.78
338788 12/29/2004 84.00
338789 12/29/2004 21.00
338790 12/29/2004 7,119.76
338791 12/29/2004 3,617.46
338792 12/29/2004 208.81
338793 12/29/2004 2,600.00
338794 12/29/2004 642.21
338795 12/29/2004 286.10
338796 12/29/2004 2,996.94
338797 12/29/2004 2,735.56
338798 12/29/2004 751.50
DIVERSIFIED DIEMAKERS, INC.
CASE NO. 04-67612
MONROE
OUTSTANDING CHECKS
CASE NO. 04-67612
CHECK DATE OUTSTANDING
338799 12/29/2004 329.91
338800 12/29/2004 1,547.10
338801 12/29/2004 171.00
338802 12/29/2004 2,199.36
338803 12/29/2004 13,322.70
338804 12/29/2004 1,912.24
338805 12/29/2004 167.42
338806 12/29/2004 203.70
338807 12/29/2004 102.95
338808 12/29/2004 43.25
338809 12/29/2004 334.21
338810 12/29/2004 165.20
338811 12/29/2004 31.94
338812 12/29/2004 961.90
338813 12/29/2004 2,300.98
338814 12/29/2004 2,255.00
338815 12/29/2004 361.28
338816 12/29/2004 112.15
338817 12/29/2004 1,150.00
338818 12/29/2004 3,360.00
338819 12/29/2004 3,721.00
338820 12/29/2004 1,166.67
338821 12/29/2004 3,450.00
338822 12/29/2004 662.50
338823 12/29/2004 2,000.00
338824 12/29/2004 282.42
338825 12/29/2004 3,500.00
338826 12/29/2004 412.86
338827 12/29/2004 1,641.60
338828 12/29/2004 350.00
338829 12/29/2004 763.87
338830 12/29/2004 157.00
338831 12/29/2004 2,410.00
338832 12/29/2004 919.74
338833 12/29/2004 310.40
338834 12/29/2004 1,454.41
338835 12/29/2004 1,149.76
338836 12/29/2004 1,648.36
338837 12/29/2004 1,499.90
338838 12/29/2004 91.35
338839 12/29/2004 1,670.71
338840 12/29/2004 70.99
338841 12/29/2004 332.90
338842 12/29/2004 1,279.00
338843 12/29/2004 2,342.76
338844 12/29/2004 3,717.00
338845 12/29/2004 488.40
DIVERSIFIED DIEMAKERS, INC.
CASE NO. 04-67612
MONROE
OUTSTANDING CHECKS
CASE NO. 04-67612
CHECK DATE OUTSTANDING
338846 12/29/2004 2,910.00
338847 12/29/2004 350.00
338848 12/29/2004 338.04
338849 12/29/2004 5,615.00
338850 12/29/2004 968.40
338851 12/29/2004 413.28
338852 12/29/2004 272.34
338853 12/29/2004 2,530.00
338854 12/29/2004 364.13
338855 12/29/2004 242.87
338857 12/29/2004 69.03
338858 12/29/2004 239.76
338859 12/29/2004 351.55
338860 12/29/2004 372.83
338861 12/29/2004 1,168.03
338862 12/29/2004 449.18
338863 12/29/2004 36.41
338864 12/29/2004 1,200.00
338865 12/29/2004 8,050.00
338866 12/29/2004 357.64
338867 12/29/2004 62.28
338868 12/29/2004 762.42
338869 12/29/2004 210.00
338870 12/29/2004 191.26
------------
$ 767,024.42
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: DECEMBER 31, 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: JANUARY 20, 2005 __________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Form 6
Diversified Diemakers, Inc.
Case Number: 04-67612
Intermet Corporation and Subsidiaries
Schedule of In-Force Insurance
INSURANCE TYPE CARRIER POLICY PERIOD
- -------------- ------- -------------
Property Lloyds 11/1/04-11/1/05
Boiler/Machine Hartford 11/1/04-11/1/05
Cargo Fireman's Fund 11/1/04-11/1/05
Truck Cargo Fireman's Fund 11/1/04-11/1/05
Aviation USAIG 11/1/04-11/1/05
Fiduciary St. Paul 11/1/04-11/1/05
Primary D&O St. Paul 11/1/04-11/1/05
Excess D&O Chubb 11/1/04-11/1/05
Excess D&O Platte River 11/1/04-11/1/05
Crime AIG 12/1/04-12/1/05
General Liability ACE 12/22/04-12/22/05
Umbrella National Union 12/22/04-12/22/05
Workers' Comp ACE 12/22/04-6/22/05
Excess Workers' Comp ACE 12/22/04-12/22/05
Auto ACE 12/22/04-12/22/05
Foreign (DIC) ACE 12/22/04-12/22/05
Note: This list does not include In-Force Insurance for Foreign Subsidiaries.
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 DECEMBER 31, 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: JANUARY 20, 2005 /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 12-31-04
($000's)
CASE #04-67600
GANTON
TECHNOLOGIES
-----------------------------------------
Current Month Total Since Filing
------------------ ------------------
Net Sales $ 5,461 $ 19,365
Cost of Goods Sold
Materials and Freight 1,527 4,933
Wages - Hourly 1,250 4,655
Wages-Salary 622 1,792
Employee Benefits and Pension 1,051 3,315
Repairs & Maintenance 116 407
Supplies 443 1,101
Utilities 406 1,098
Purchased Components/Services 732 2,574
Income(loss) from Pattern Sales 43 (688)
Fixed Asset - (gain/loss) - -
MIS Expense 7 26
Travel & Entertainment 12 39
Other Variable Costs 165 520
Depreciation & Amortization 210 1,081
Other Allocated Fixed Costs - -
Other Fixed Costs 235 609
------------------ ------------------
Cost of Goods Sold 6,819 21,462
Gross Profit (1,358) (2,097)
Plant SG&A Expense 15 58
SG&A Expense - Allocation (Sched 1) 156 468
Other Operating Expenses 173 82
------------------ ------------------
Total Operating Expenses 344 608
Operating Profit (1,702) (2,705)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (77) (236)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) - -
------------------ ------------------
Total Non-Operating Expenses (77) (236)
Income Before Income Taxes (1,779) (2,941)
Income Tax Expense 7 34
------------------ ------------------
Net Income ($ 1,786) ($ 2,975)
================== ==================
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs December
(Allocation of Corporate Costs to Filing Entities)
(000's)
December
------------
Officer Compensation $ 189
Salary Expense other Employees 799
Employee Benefits and Pension (23)
Payroll Taxes 39
Other Taxes 0
Rent and Lease Expense 220
Interest Expense
Insurance 36
Automobile and Truck Expense 1
Utilities(Gas Electric,Phone) 84
Depreciation 128
Travel and Entertainment 55
Repairs and Maintenance 51
Advertising/Promotion 0
Supplies, Office Expense 26
OTHER:
Contributions 0
Professional Fees - Audit/Tax 131
Bank Fees 147
Public Reporting Fees 16
Employee Relocation/Training 11
Data Processing 19
Dues and Subscriptions 11
Outside Services 114
Project Development Costs net of Billings (34)
Director Fees 25
Miscellaneous 19
Professional Fees - Bankruptcy 3,428
Cost Allocation - Out (267)
------------
$ 5,223
============
Allocation:
Wagner Castings 177
Northern Castings 47
Ironton Iron 0
Lynchburg Foundry 179
Columbus Foundry 290
Wagner Havana 0
Intermet U.S. Holdings 241
Cast-Matic Corp. 76
Diversified Diemakers 240
Ganton Technologies 156
Tool Products 127
Intermet Corporation 3,689
------------
Total $ 5,223
============
INTERMET Corp. and Subsidiaries
Balance Sheet as of 12-31-04
CASE #04-67600
--------------
GANTON
TECHNOLOGIES
--------------
Cash And Equivalents $ 185
Accounts Receivable 9,896
Short-Term Intercompany Receivables 19
Inventories 7,732
Other Current Assets 859
--------------
TOTAL CURRENT ASSETS 18,691
Land and Buildings 12,042
Machinery & Equipment 42,095
Construction In Progress 831
--------------
Total Fixed Assets 54,968
Accumulated Depreciation (28,209)
--------------
NET FIXED ASSETS 26,759
Investment In Subsidiaries 0
Investment In European Operations 0
Long-Term Intercompany Receivables 6,580
Deferred Taxes, Long-Term Asset 0
Other Assets 50
--------------
TOTAL ASSETS $ 52,080
==============
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 1,200
Wages and Salaries (See schedule) 186
Taxes Payable - (See schedule) 579
--------------
TOTAL POST PETITION LIABILITIES 1,965
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 9,724
IDR Bonds 0
--------------
TOTAL UNSECURED LIABILITIES 9,724
OTHER LIABILITIES
Accrued Liabilities 4,467
Short-Term Intercompany Payables 20
Capital Leases 0
Retirement Benefits 54
Deferred Taxes - Long-Term Liability 0
Other Long-Term Liabilities 0
Long-Term Intercompany Payables 2,125
Minority Interest 0
--------------
TOTAL LIABILITIES 19,634
Common Stock 0
Capital In Excess Of Par Value 160,000
Retained Earnings - Prepetition (124,579)
Retained Earnings - Post Petition (2,975)
Equity In European Operations
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
--------------
TOTAL SHAREHOLDER EQUITY 32,446
Total Liabilities And Equity $ 52,080
==============
PERIOD ENDED: 12-31-04 GANTON TECHNOLOGIES (PULASKI) CASE #04-67600
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
11/30/2004 Withheld Deposits 12/31/2004
---------------------------------------------------------
Income tax withheld: Federal ($ 9,407) ($ 129,235) $ 134,397 ($ 4,245)
Income tax withheld: State 0 0 0 0
Income tax withheld: Local 0 (356) 356 0
FICA Withheld (7,218) (43,234) 46,720 (3,733)
Employers FICA (7,218) (43,244) 46,730 (3,733)
Unemployment Tax: Federal (59) (626) 295 (390)
Unemployment Tax: State (477) (5,156) 2,392 (3,240)
All Other Payroll W/H 0 0 0 0
State Taxes: Inc./Sales/Use/Excise (12,000) (6,000) 18,000 0
Property Taxes (8,466) 0 0 (8,466)
Workers Compensation (9,833) 0 0 (9,833)
----------------------------------------------------------
Total ($ 54,678) ($ 227,851) $ 248,889 ($ 33,639)
Wages and Salaries (71,439) (415,161) 436,747 (49,852)
----------------------------------------------------------
Grand Total ($ 126,116) ($ 643,012) $ 685,637 ($ 83,491)
==========================================================
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 $ 564,321 $ 246,547 $ 162,713 $ 155,062
Accounts Receivable $ 3,414,263 $ 1,358,891 $ 953,719 $ 1,101,653
PERIOD ENDED: 12-31-04 GANTON TECHNOLOGIES (RACINE) CASE #04-67600
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
11/30/2004 Withheld Deposits 12/31/2004
---------------------------------------------------------
Income tax withheld: Federal $ 0 ($ 204,598) $ 204,598 $ 0
Income tax withheld: State 0 (102,942) 102,942 0
Income tax withheld: Local 0 0 0 0
FICA Withheld 0 (144,493) 144,493 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
State Taxes: Inc./Sales/Use/Excise (14,737) 19,664 0 4,927
Property Taxes (25,002) (12,501) 0 (37,503)
Workers Compensation (411,786) (100,000) 0 (511,786)
----------------------------------------------------------
Total ($ 451,525) ($ 544,870) $ 452,034 ($ 544,362)
Wages and Salaries (604,425) (44,379) 513,111 (135,693)
----------------------------------------------------------
Grand Total ($1,055,950) ($ 589,250) $ 965,145 ($ 680,055)
==========================================================
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 $ 635,671 $ 366,725 $ 268,945 $ 0
Accounts Receivable $ 7,558,939 $ 6,048,658 $ 411,879 $ 1,098,403
INTERMET CORPORATION AND SUBSIDIARIES PERIOD ENDED 12/31/2004
MONTHLY CASH STATEMENT
CASH ACTIVITY ANALYSIS:
CASE # 04-67600
GANTON TECHNOLOGIES (PULASKI)
----------------------------------------------------------------------
ACCOUNT TYPE LOCKBOX 673017 LOCKBOX 77165 AP PR
ACCOUNT # 1851811388 644113482 2176982953 2176983100
BANK Comerica Bank One Comerica Comerica TOTAL
BEGINNING BANK BALANCE - - - - -
RECEIPTS 341,871 41,173 - 1,065 384,109
TRANSFERS IN (CORPORATE) - - 608,551 522,977 1,131,527
DIP INFLOW - - - - -
DISBURSEMENTS - - (608,551) (524,042) (1,132,592)
TRANSFERS OUT (CORPORATE) (341,871) (41,173) - - (383,044)
DIP REPAYMENT - - - - -
----------------------------------------------------------------------
ENDING BANK BALANCE - - - - 0.00
WIRES PAID FOR BY CORPORATE 269,822 269,822
CHECKS ISSUED 502,905
----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS
RECONCILIATION) $ 772,727
==========
OUTSTANDING CHECKS AS OF NOVEMBER 30 181,739
VOIDED CHECKS OUTSTANDING AS OF NOVEMBER -
CHECKS ISSUED IN DECEMBER 502,905
CHECK CLEARED IN DECEMBER (608,551)
----------
OUTSTANDING CHECKS AS OF DECEMBER 31
(SEE OUTSTANDING CHECKLIST) 76,093
==========
GANTON TECHNOLOGIES, INC. (PULASKI) CASE NO. 04-67600
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- -------------------------------------------------------------------------------
A-1 HEATING & COOLIN $ 59.00
ABBOTT BALL COMPANY 399.42
AH ASSOCIATES 1,200.00
AIR DRAULICS ENGINEERING 85.66
AIRGAS SOUTH (BOC GASES) 593.82
AL CAST COMPANY 96,267.00
ALABAMA CHILD SUPPORT 268.00
ALUMINUM RESOURCES INC 35,842.30
AMCOR 297.64
AMERICAN CHEMICAL 15,080.00
AMERICAN QUALITY 4,716.25
APPLIED ROBOTICS, IN 360.00
ATCO INDUSTRIES, INC 12,500.00
AUTOMATIC DATA PROCESSING 3,962.81
B & C INSTRUMENTS 1,083.75
BAILEY COMPANY 2,471.26
BANK OF FRANKEWING 560.00
BELLSOUTH 1,042.58
BELLSOUTH PUBLIC COMMUN 1,063.72
BG & R COMPANY 14,283.20
BIRMINGHAM TOLEDO, I 345.95
BOSTON MUTUAL LIFE 2,579.25
BROWNING-FERRIS IND 1,408.37
C KENNETH STILL TRUSTEE 340.00
CARDINAL METALS INC 190.00
CENTRAL CHILD SUPPORT 4,359.43
CHILES OIL INC 1,314.29
Chris Douthit 8,187.50
CINDY WATSON 344.42
CINTAS CORPORATION 9,791.91
CMM CALIBRATION AND 3,280.00
CRANE PRO SERVICES 3,151.56
D.M.E. COMPANY 1,029.84
DIVERSIFIED PRINTING 585.44
DIXIE COMPRESSOR & PARTS 504.93
EDWARDS XPRESS INC 6,210.00
ELLIOTT HY-TEST 87.35
EMPIRE CNC SERVICES 39,043.25
Expedite Services 2,672.40
FIRST NATIONAL BANK 8,078.34
Forklift Systems 1,104.00
GE CAPITAL 2,596.74
GENERAL SUPPLY CORP 9,175.19
Gina Hobbs 29.54
Global Exchange Serv 55.29
HARCROS CHEMICALS, INC 685.90
HENRY E. HILDEBRAND, III 1,960.00
Hidden Valley 898.90
HILDRETH MANUFACTURING 2,958.00
GANTON TECHNOLOGIES, INC. (PULASKI) CASE NO. 04-67600
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- -------------------------------------------------------------------------------
IMCO RECYCLING 34,927.70
INTERMET 474.37
J & K INDUSTRIAL SUPPLY 378.12
J&J/INGAS PROPANE 535.00
Jack Warren 10,563.41
J-COM EDI SERVICES 21.00
Jefferson Pilot Financial 493.65
JM FOREST PRODUCTS, LLC 747.73
JOHN-MICHAELS ENTERPRISES 27,472.50
KEYENCE CORP.OF AMERICA 544.00
LAKESIDE MANUFACTURING CO 25,201.65
LEWISBURG RUBBER AND 145.07
LEWTERS WHOLESALE SUPPLY 147.34
Lin Roe Services, Inc. 1,250.50
Linda Tomlin 131.55
M.G. ELECTRONIC EQUIPMENT 116.38
MAGID GLOVE/EQUITY IND 465.23
MANAR, INC 2,256.00
Mark Fletcher 545.11
MCMASTER-CARR SUPPLY CO 2,754.97
METOKOTE 18,354.13
METOKOTE CORPORATION 5,501.59
MICHAEL COLLINS 282.17
MICHIGAN MILL & ABRASIVE 93.21
MIRSA 17,008.66
MSC IND. SUPPLY CO 846.05
NEWCO, INC 633.40
PACKAGING FULFILLMENT 3,553.72
PIONEER METAL FINISHING 1,568.64
PPG INDUSTRIES 248.24
PRECISION MACHINERY 4,221.21
PROCLEAN SUPPLIES & SERV 744.07
PULASKI ELECTRIC, WATER 73,174.20
PULASKI LUMBER COMPA 63.77
PUTNAM INVESTMENTS- 11,663.07
QSG 4,806.69
QUAD STEEL CORPORATION 9,509.89
RANDSTAD 36,353.99
Ray Luntsford 71.25
RICHLAND INN 1,110.46
RIMROCK 7,996.54
RIVER TOOL TECH, INC 723.55
RIVERSBURG WELDING C 1,293.20
Robert W. Herr 30,266.42
Robin Couldry 6,931.93
ROSEMONT INDUSTRIES INC 398.75
SAFETY-KLEEN SYSTEMS,INC 671.55
SELECT FOODS INC 251.85
SHEFFCO, INC 1,574.59
GANTON TECHNOLOGIES, INC. (PULASKI) CASE NO. 04-67600
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- -------------------------------------------------------------------------------
SPECTRO ALLOYS CORP 54,760.00
Sprint 182.71
STEPHANIE WALTERS 589.72
Steve Romick 3,801.78
STUART C. IRBY COMPANY 120.00
TAMMY KAY BOWEN 325.64
TENN.VALLEY RECYCLING LLC 992.11
TIM GEIGER 876.22
TRACTOR SUPPLY COMPANY 192.30
TRANSMAN 49,229.00
TREASURER, STATE OF TENN 1,686.25
VEKTEK, INC 2,743.80
VERIZON WIRELESS 515.89
WATKINS TRUCKING, INC 180.00
WATSON'S OFFICE SUPP 297.80
White and Stafford 226.67
WINSTON UPCHURCH 225.85
WISCONSIN ENGRAV.UNITEX 1,588.89
-------------------
$ 772,726.90
GANTON TECHNOLOGIES, INC.
CASE NO. 04-67600
AT 12/31/04
PULASKI - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 76,093.40
Total PR Outstanding Checks 38,419.59
---------
Total Outstanding Checks 114,512.99
Misc Reconciling Items rectified
in January 2,022.64
----------
116,535.63
Unadjusted GL Balance 116,535.63
----------
Difference $ -
==========
GANTON TECHNOLOGIES, INC.
CASE NO. 04-67600
PULASKI
OUSTANDING CHECKS
CASE NO. 04-67600
CHECK DATE OUTSTANDING
12952 11/11/2004 $ 770.00
13078 11/30/2004 1,956.50
13107 12/2/2004 4,806.69
13134 12/9/2004 304.00
13168 12/13/2004 640.88
13192 12/17/2004 1,063.72
13212 12/17/2004 131.55
13227 12/22/2004 399.42
13230 12/22/2004 237.00
13236 12/22/2004 74.71
13237 12/22/2004 17,000.00
13248 12/22/2004 29.54
13251 12/22/2004 1,287.10
13257 12/22/2004 1,225.60
13264 12/29/2004 8,325.00
13265 12/29/2004 1,449.66
13266 12/29/2004 1,042.58
13267 12/29/2004 1,287.25
13268 12/29/2004 1,686.25
13269 12/29/2004 87.35
13270 12/29/2004 1,271.62
13271 12/29/2004 608.40
13272 12/29/2004 4,458.65
13274 12/29/2004 240.00
13275 12/29/2004 1,411.37
13276 12/29/2004 2,256.00
13277 12/29/2004 272.32
13278 12/29/2004 17,008.66
13280 12/29/2004 493.65
13281 12/29/2004 723.55
13282 12/29/2004 1,574.59
13283 12/29/2004 1,518.20
13284 12/29/2004 90.00
13286 12/29/2004 361.59
-----------
$ 76,093.40
INTERMET CORPORATION AND SUBSIDIARIES PERIOD ENDED 12/31/2004
MONTHLY CASH STATEMENT
CASH ACTIVITY ANALYSIS:
CASE # 04-67600
GANTON TECHNOLOGIES (RACINE)
Account Type Lockbox 673025 Deposit AP PR (Hourly) PR (Salary) Group Health Total
Account # 1851812055 5800062522 2176982961 2176983118 2176982839 2176982862
Bank Comerica Lasalle Comerica Comerica Comerica Comerica
Beginning Bank Balance - (3,265) - - - - (3,265)
Receipts 5,214,496 513,558 620 783 - - 5,729,456
Transfers IN (Corporate) - 3,265 1,790,826 1,330,211 194,760 13,189 3,332,251
Dip Inflow - - - - - - -
Disbursements - (707) (1,791,445) (1,330,993) (194,760) (13,189) (3,331,095)
Transfers OUT (Corporate) (5,214,496) (364,441) - - - - (5,578,936)
Dip Repayment - - - - - - -
----------- --------- ---------- ----------- ----------- ---------- -----------
Ending Bank Balance - 148,411 - (0) - - 148,411
Wires Paid for by Corporate 1,703,403 189,432 1,892,835
Checks Issued 1,684,969
----------
Total Disbursements (See Total
Disbursements Reconciliation) $3,388,372
==========
Outstanding Checks As of November 30 254,115
Voided Checks Outstanding as of November -
Checks Issued in December 1,684,969
Check Cleared in December (1,790,826)
----------
Outstanding Checks as of December 31
(See Outstanding Checklist) 148,258
==========
GANTON TECHNOLOGIES, INC. (RACINE) CASE NO. 04-67600
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- --------------------------------------------------------------------------------
AA ELECTRIC $ 391.74
ACCOUNTEMPS 28,717.47
ACURID COMMERICAL SE 59.17
ADT SECURITY SYSTEMS 959.90
ADVANCE HYDRAULICS I 302.20
ADVANCED WASTE SERVI 822.00
ALAARK ROBOTICS INC 1,700.00
ALL TOOL SALES INC. 177.00
ALLAN COTTINGIM 100.79
ALLTHERM SERVICES IN 400.00
ALUMINUM RESOURCES I 62,287.55
AMERICAN CHEMICAL 7,332.08
AMERICAN ENTERPRISE 5,491.57
AMERICAN GENERAL FINANCE 223.10
AMERICAN INDUSTRIAL 8,992.05
AMERICREDIT FINANCIAL 500.00
AMERIGAS - FRANKSVIL 1,800.00
ANNETTE M HEATH 1,101.26
APEX KEY & LOCK 303.84
APPLIED INDUSTRIAL T 179.52
ARROW UNIFORM 254.01
AT & T 2,048.78
AT&T-UNIVERSAL BILLE 1,204.30
AUTOMATIC DATA PROCE 6,234.03
AUTOMATION TECHNOLOG 507.00
BATTERIES PLUS 46.66
BELLE CITY FIRE 731.18
BEST ENGINEERING CO. 9,949.95
BODYCOTE THERMAL 70.00
BOSTON MUTUAL LIFE 3,909.00
BOULEVARD PROPERTIES LLC 821.25
BTL PALLET CORP 2,490.40
BUELL AUTOMATICS INC 2,507.05
C & C ENTERPRISES, I 2,696.81
CAMCAR DIVISON OF TE 2,918.34
CARL ZEISS IMT CORP. 1,240.50
CHAPTER 13 TRUSTEE 4,790.46
CHEMENCE INC. 201.88
CHEMTOOL INCORPORATE 3,379.39
CITATION CORPORATION 19,847.70
CITI FINANCIAL 325.00
CLIFF SOPER CO. INC. 1,343.00
COMTECH MFG./ESTON M 7,857.00
CO-OPERATIVE CREDIT UNION 69,747.96
CREATIVE FOAM CORPOR 2,551.36
CREST PRODUCTS INC. 12,843.20
CURT PAPE 81.82
CUSTOM MOLD ENG. CO. 99.74
DANA CORPORATION 278,163.00
GANTON TECHNOLOGIES, INC. (RACINE) CASE NO. 04-67600
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- --------------------------------------------------------------------------------
DARREN RUGH 49.62
DAVID ANDERSEN 125.61
DAYTON FREIGHT 112.61
DEB JOHNSON 458.67
DENTALBLUE 6,540.97
DEPT OF CORRECTIONS 200.00
DIRECT DENTAL SERVICE 26,315.40
DIVERSIFIED PRINTING 1,054.57
DON MITCHELTREE 56.77
DONNA GERARDIN 40.81
DOVER FLAG AND 26.50
DUNN SPECIALTY STEEL 1,926.75
DWD-UI COLLECTION SECTION 23.10
E.L. SIMETH CO. INC. 84.90
EAST RACINE PET 1,200.00
EASTERDAY OFFICE 1,432.73
ELCO SINTERED A 2,536.00
EUTECTIC CORPOR 200.64
EXECUTIVE CONSULTING INC. 7,078.22
EYE CARE OF WISCONSIN INC 736.96
FANUC AMERICA CORPOR 1,824.25
FEDERAL EXPRESS 62.05
FELIZ SERVANTEZ 140.00
FORD CREDIT 956.57
FOREST CITY TECHNOLO 967.08
FORMCENTER 162.80
FREUDENBERG-NOK 17,468.34
G.E. CAPITAL CORPORA 149,430.00
G.W. SMITH & SONS, I 25,211.25
GARDTEC INC. 2,026.25
GARY SAUER 94.80
GENERAL INDUSTRIAL S 810.04
GEORGE PINZGER 51.15
GLOBAL EXCHANGE SERV 59.89
GORDON FLESCH CO., I 4,749.00
GWEN PFEIFER 350.00
H.F.I. FLUID POWER 39.23
HALLMAN LINDSAY QUAL 59.84
HIGH RELIABILITY SYS 3,745.73
HILDRETH MANUFACTURI 2,848.00
HYDRAULIC SERVICE OF 324.00
IBM CREDIT CORPORATION 1,174.18
IDEALEASE OF SOUTHEA 1,536.10
IDRAPRINCE INCORPORA 2,079.66
IMCO RECYCLING 928,406.00
IMPREX, INC. 32,719.60
INDUSTRIAL ASSOCIATE 1,570.00
INFORMATION SYS 8,199.01
INTEGRATED LOGISTICS 4,358.30
GANTON TECHNOLOGIES, INC. (RACINE) CASE NO. 04-67600
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- --------------------------------------------------------------------------------
INTERNAL REVENUE SERVICE 125.00
INTERTECH DEVELOPMEN 157.80
J & S CHEMICAL CORP 6,365.58
JACOBSON MFG. LLC 1,516.38
JACOBUS ENERGY 302.85
J-COM EDI SERVICES 30.00
JEFFERSON PILOT FINANCIAL 1,884.55
JOE COCKING 113.14
JOHN P FREDERIC 4,330.00
JOHN RADER 24.46
KAZTEX ENERGY MANAGE 143,180.14
KEVIN KOLECHECK 50.00
KOMAR SCREW CORP. 1,882.44
KRISTIANSEN ENTERPRI 2,738.76
KRONOS INCORPORATED 11,141.10
L & S ELECTRIC INC 1,195.75
L I N A 6.00
LASALLE NATL LEASING 101,979.06
LIBRA INDUSTRIES, IN 1,295.37
LIN ROE SERVICES INC 1,250.00
M&I TRUST 42,261.74
MACHINERY & FACTORY 374.16
MACLEAN-MAYNARD 5,175.24
MAGNA-TECH/TECHNA SE 2,288.88
MARSHALL & ILSLEY TRUST 405.01
MCJUNKIN CORPORATION 1,046.68
MCMASTER-CARR SUPPLY 218.07
MEREDITH'S CULLIGAN 331.45
MERWIN STOLTZ CO 63,105.62
METAL MATION INC. 642.58
MICHAEL ANDERSO 137.52
MIGUEL MEDINA 11,909.60
MINIATURE PRECISION 13,752.00
MISDU 325.00
MISSISSIPPI DEPT. OF 104.28
MOLD SUPPLIES INC 3,847.20
MOLTEN METAL EQUIPME 65.00
MOTION INDUSTRIES, I 11,551.21
MSC INDUSTRIAL SUPPL 13,504.28
NASSCO INC. 3,697.20
NATIONAL CASH A 350.17
NELSON ELECTRIC SUPP 3,067.46
NEWARK INONE 50.24
NOEL SCHROTENBOER 69.99
NSK CORPORATION 28,729.50
OFSI 1,335.29
OHIO SCREW PRODUCTS 16,426.28
PACKERLAND RENT-A-MA 798.88
PARKER HANNIFIN 26,282.86
GANTON TECHNOLOGIES, INC. (RACINE) CASE NO. 04-67600
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- --------------------------------------------------------------------------------
PENSKE TRUCK LEASING 51,513.00
PER MAR SECURIT 3,090.00
PER MAR SECURITY SER 6,325.93
PERFECTION SPRING & 2,142.00
PIPER PLASTICS INC. 3,061.80
POTTINGER STEEL WORK 2,199.49
POWER/MATION DIVISIO 206.15
PRAXAIR DISTRIBUTION 712.09
PRICE ENGINEERING CO 527.33
PRO MOLD 171,220.00
PRODUCT DEVELOP 1,320.00
PUTNAM INVESTMENTS- 14,358.92
QSR GROUP INC. 13,750.00
QUADRA 133,050.00
RACINE WATER AND 372.95
RAMON AYALA DEL 1,053.95
RANDY ADAMS 796.96
RAUSCH STURM ISRAEL 46.90
REILLY, PENNER & BENTON 16,540.00
RES MANUFACTURING 60,824.27
RIMROCK CORPORATION 243.63
ROCKFORD WELDING SUP 95.95
ROTOR CLIP COMPANY, INC. 1,283.25
SBC 569.73
SENTINAL TECHNOLOGIES 487.44
SPRING ENGINEERING A 1,512.81
STEVE MUTCHIE 90.32
SUMITOMO ELECTRIC CA 4,833.14
SUPERIOR DIE SET COR 3,141.15
TOOL SERVICE CORPORA 10,825.93
TOTAL COMFORT OF WIS 6,941.07
TOWNSEND CONSULTING 1,250.00
TRANS MAN LOGISTICS, INC. 17,978.90
TRELLEBORG AUTOMOTIV 86,940.00
TRUDELL TRAILERS OF 1,443.08
TWIN CITY OPTICAL 342.95
U.S. CELLULAR 1,892.03
UAW LOCAL 627 15,107.56
UAW V-CAP 151.00
ULINE 1,806.86
UNITED LEASING ASSOC 328.14
UNITED PARCEL SERVIC 64.00
UNIVERSAL LUBRICATAI 1,617.75
US DEPT OF EDUCATION 680.94
VERSA IRON & MACHINE 231.00
VJ MATTSON 2,730.38
W.G. STROHWIG TOOL & 195,025.00
W.W. GRAINGER INC. 2,291.62
WASTE MANAGEMENT 235.96
GANTON TECHNOLOGIES, INC. (RACINE) CASE NO. 04-67600
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- --------------------------------------------------------------------------------
WAUKESHA MACHINE TOOL CO. 57.50
WE ENERGIES 138,539.61
WI SCTF 37,146.88
WILLIAM KNECHT 43.89
WISC. LIFTING SPECIA 274.40
WISCONSIN CONTR 162.00
WISCONSIN DEPT OF REVENUE 685.35
WISCONSIN LIFT TRUCK 28,032.42
WISCONSIN MACHINE TO 355.00
WOLTER INVESTMENT CO 4,538.99
WOODLAND HILLS 1,535.00
-------------------
TOTALS $ 3,388,372.10
GANTON TECHNOLOGIES, INC.
CASE NO. 04-67600
AT 12/31/04
RACINE - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 147,625.10
Unadjusted GL Balance 147,625.10
----------
Difference $ -
GANTON TECHNOLOGIES, INC.
CASE NO. 04-67600
RACINE
OUTSTANDING CHECKS
CASE NO. 04-67600
CHECK DATE OUTSTANDING
- ----- ---------- -----------
40129 10/11/2004 $ 812.50
40681 11/16/2004 250.00
40698 11/16/2004 1,121.64
40708 11/16/2004 2,353.21
40855 11/24/2004 853.50
40908 12/2/2004 2,026.25
40969 12/3/2004 1,099.20
40990 12/6/2004 2,748.00
41015 12/8/2004 112.61
41068 12/14/2004 180.00
41079 12/16/2004 6,808.31
41101 12/16/2004 26.07
41105 12/16/2004 2,124.60
41117 12/16/2004 289.79
41123 12/16/2004 69.99
41139 12/17/2004 809.02
41156 12/21/2004 6,316.80
41157 12/21/2004 254.01
41163 12/21/2004 417.08
41172 12/21/2004 70.00
41177 12/21/2004 2,199.49
41183 12/21/2004 378.47
41191 12/21/2004 350.00
41193 12/22/2004 35.55
41195 12/22/2004 179.52
41200 12/22/2004 2,216.50
41203 12/22/2004 50.00
41204 12/22/2004 1,863.00
41205 12/22/2004 3,259.20
41207 12/22/2004 736.96
41212 12/22/2004 1,570.00
41214 12/22/2004 25.00
41221 12/22/2004 18.23
41225 12/22/2004 5,175.24
41229 12/22/2004 26.07
41231 12/22/2004 568.62
41240 12/22/2004 227.04
41242 12/22/2004 769.12
41243 12/22/2004 198.25
41246 12/22/2004 20.98
41247 12/22/2004 24.46
41248 12/22/2004 1,153.84
41250 12/22/2004 1,101.26
41252 12/23/2004 600.59
41253 12/23/2004 201.88
41254 12/23/2004 165.54
41255 12/23/2004 8,564.76
41263 12/29/2004 5,737.76
41264 12/29/2004 44.62
41265 12/29/2004 100.00
GANTON TECHNOLOGIES, INC.
CASE NO. 04-67600
RACINE
OUTSTANDING CHECKS
CASE NO. 04-67600
CHECK DATE OUTSTANDING
- ----- ---- ------------
41266 12/29/2004 65.00
41267 12/29/2004 14,496.47
41268 12/29/2004 50.00
41269 12/29/2004 65.00
41270 12/29/2004 489.77
41271 12/29/2004 25.00
41272 12/29/2004 1,040.46
41273 12/29/2004 6,365.58
41274 12/29/2004 25.66
41275 12/29/2004 50,989.53
41277 12/29/2004 7,002.41
41278 12/29/2004 26.07
41279 12/29/2004 83.11
41280 12/29/2004 71.80
41282 12/29/2004 34.34
41283 12/29/2004 60.00
41284 12/29/2004 64.00
41285 12/29/2004 170.16
41286 12/29/2004 196.21
------------
$ 147,625.10
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: DECEMBER 31, 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: JANUARY 20, 2005 _______________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Form 6
Ganton Technologies, Inc.
Case Number: 04-67600
Intermet Corporation and Subsidiaries
Schedule of In-Force Insurance
INSURANCE TYPE CARRIER POLICY PERIOD
Property Lloyds 11/1/04-11/1/05
Boiler/Machine Hartford 11/1/04-11/1/05
Cargo Fireman's Fund 11/1/04-11/1/05
Truck Cargo Fireman's Fund 11/1/04-11/1/05
Aviation USAIG 11/1/04-11/1/05
Fiduciary St. Paul 11/1/04-11/1/05
Primary D&O St. Paul 11/1/04-11/1/05
Excess D&O Chubb 11/1/04-11/1/05
Excess D&O Platte River 11/1/04-11/1/05
Crime AIG 12/1/04-12/1/05
General Liability ACE 12/22/04-12/22/05
Umbrella National Union 12/22/04-12/22/05
Workers' Comp ACE 12/22/04-6/22/05
Excess Workers' Comp ACE 12/22/04-12/22/05
Auto ACE 12/22/04-12/22/05
Foreign (DIC) ACE 12/22/04-12/22/05
Note: This list does not include In-Force Insurance for Foreign Subsidiaries.
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 DECEMBER 31, 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: JANUARY 20, 2005 /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 12-31-04
($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 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 December,
$399,000 of Intercompany interest was eliminated through
foreign operations and therefore not included in this
statement.
Current Month Total Since Filing
($399) ($756)
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs December
(Allocation of Corporate Costs to Filing Entities)
(000's)
December
-------------------
Officer Compensation $ 189
Salary Expense other Employees 799
Employee Benefits and Pension (23)
Payroll Taxes 39
Other Taxes 0
Rent and Lease Expense 220
Interest Expense
Insurance 36
Automobile and Truck Expense 1
Utilities(Gas Electric,Phone) 84
Depreciation 128
Travel and Entertainment 55
Repairs and Maintenance 51
Advertising/Promotion 0
Supplies, Office Expense 26
OTHER:
Contributions 0
Professional Fees - Audit/Tax 131
Bank Fees 147
Public Reporting Fees 16
Employee Relocation/Training 11
Data Processing 19
Dues and Subscriptions 11
Outside Services 114
Project Development Costs net of Billings (34)
Director Fees 25
Miscellaneous 19
Professional Fees - Bankruptcy 3,428
Cost Allocation - Out (267)
-------------------
$ 5,223
===================
Allocation:
Wagner Castings 177
Northern Castings 47
Ironton Iron 0
Lynchburg Foundry 179
Columbus Foundry 290
Wagner Havana 0
Intermet U.S. Holdings 241
Cast-Matic Corp. 76
Diversified Diemakers 240
Ganton Technologies 156
Tool Products 127
Intermet Corporation 3,689
-------------------
Total $ 5,223
===================
INTERMET Corp. and Subsidiaries
Balance Sheet as of 12-31-04
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
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 0
Deferred Taxes - Long-Term Liability 0
Other Long-Term Liabilities 0
Long-Term Intercompany Payables 146,084
Minority Interest 0
----------------
TOTAL LIABILITIES 146,084
Common Stock 1
Capital In Excess Of Par Value 1
Retained Earnings - Prepetition (18,705)
Retained Earnings - Post Petition (1,155)
Equity In European Operations
Accumulated Translation Adjustment (35,912)
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
----------------
TOTAL SHAREHOLDER EQUITY (55,770)
TOTAL LIABILITIES AND EQUITY $ 90,314
================
Note: 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.
PERIOD ENDED: 12-31-04 INTERMET HOLDING COMPANY CASE #04-67601
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
11/30/2004 Withheld Deposits 12/31/2004
---------- ---------- ---------- ----------
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: DECEMBER 31, 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: JANUARY 20, 2005 ________________________
Debtor in Possession
20.84829.1 Form 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: DECEMBER 31, 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: JANUARY 20, 2005 ________________________________________
Principal, Officer, Director, or Insider
020.84818.1 Form 6
Intermet Holding Company
Case Number: 04-67601
Intermet Corporation and Subsidiaries
Schedule of In-Force Insurance
INSURANCE TYPE CARRIER POLICY PERIOD
- -------------- ------- -------------
Property Lloyds 11/1/04-11/1/05
Boiler/Machine Hartford 11/1/04-11/1/05
Cargo Fireman's Fund 11/1/04-11/1/05
Truck Cargo Fireman's Fund 11/1/04-11/1/05
Aviation USAIG 11/1/04-11/1/05
Fiduciary St. Paul 11/1/04-11/1/05
Primary D&O St. Paul 11/1/04-11/1/05
Excess D&O Chubb 11/1/04-11/1/05
Excess D&O Platte River 11/1/04-11/1/05
Crime AIG 12/1/04-12/1/05
General Liability ACE 12/22/04-12/22/05
Umbrella National Union 12/22/04-12/22/05
Workers' Comp ACE 12/22/04-6/22/05
Excess Workers' Comp ACE 12/22/04-12/22/05
Auto ACE 12/22/04-12/22/05
Foreign (DIC) ACE 12/22/04-12/22/05
Note: This list does not include In-Force Insurance for Foreign Subsidiaries.
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 DECEMBER 31, 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: JANUARY 20, 2005 /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 12-31-04
($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 December
(Allocation of Corporate Costs to Filing Entities)
(000's)
December
--------
Officer Compensation $ 189
Salary Expense other Employees 799
Employee Benefits and Pension (23)
Payroll Taxes 39
Other Taxes 0
Rent and Lease Expense 220
Interest Expense
Insurance 36
Automobile and Truck Expense 1
Utilities(Gas Electric,Phone) 84
Depreciation 128
Travel and Entertainment 55
Repairs and Maintenance 51
Advertising/Promotion 0
Supplies, Office Expense 26
OTHER:
Contributions 0
Professional Fees - Audit/Tax 131
Bank Fees 147
Public Reporting Fees 16
Employee Relocation/Training 11
Data Processing 19
Dues and Subscriptions 11
Outside Services 114
Project Development Costs net of Billings (34)
Director Fees 25
Miscellaneous 19
Professional Fees - Bankruptcy 3,428
Cost Allocation - Out (267)
--------
$ 5,223
========
Allocation:
Wagner Castings 177
Northern Castings 47
Ironton Iron 0
Lynchburg Foundry 179
Columbus Foundry 290
Wagner Havana 0
Intermet U.S. Holdings 241
Cast-Matic Corp. 76
Diversified Diemakers 240
Ganton Technologies 156
Tool Products 127
Intermet Corporation 3,689
--------
Total $ 5,223
========
INTERMET Corp. and Subsidiaries
Balance Sheet as of 12-31-04
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
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 0
Deferred Taxes - Long-Term Liability 0
Other Long-Term Liabilities 0
Long-Term Intercompany Payables 100
Minority Interest 0
--------------
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
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
--------------
TOTAL SHAREHOLDER EQUITY (100)
TOTAL LIABILITIES AND EQUITY $ 0
==============
PERIOD ENDED: 12-31-04 INTERMET ILLINOIS CASE #04-67604
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
11/30/2004 Withheld Deposits 12/31/2004
-----------------------------------------------------------------
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: DECEMBER 31, 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: JANUARY 20, 2005 ______________________________
Debtor in Possession
Form 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: DECEMBER 31, 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: JANUARY 20, 2005 ___________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Form 6
Intermet Illinois, Inc.
Case Number: 04-67604
Intermet Corporation and Subsidiaries
Schedule of In-Force Insurance
INSURANCE TYPE CARRIER POLICY PERIOD
-------------- ------- -------------
Property Lloyds 11/1/04-11/1/05
Boiler/Machine Hartford 11/1/04-11/1/05
Cargo Fireman's Fund 11/1/04-11/1/05
Truck Cargo Fireman's Fund 11/1/04-11/1/05
Aviation USAIG 11/1/04-11/1/05
Fiduciary St. Paul 11/1/04-11/1/05
Primary D&O St. Paul 11/1/04-11/1/05
Excess D&O Chubb 11/1/04-11/1/05
Excess D&O Platte River 11/1/04-11/1/05
Crime AIG 12/1/04-12/1/05
General Liability ACE 12/22/04-12/22/05
Umbrella National Union 12/22/04-12/22/05
Workers' Comp ACE 12/22/04-6/22/05
Excess Workers' Comp ACE 12/22/04-12/22/05
Auto ACE 12/22/04-12/22/05
Foreign (DIC) ACE 12/22/04-12/22/05
Note: This list does not include In-Force Insurance for Foreign Subsidiaries.
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 DECEMBER 31, 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: JANUARY 20, 2005 /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: DECEMBER 31, 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 REPORTED
IN THE (C-D) 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: JANUARY 20, 2005 ______________________________
Debtor in Possession
Form 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: DECEMBER 31, 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: JANUARY 20, 2005 ___________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Form 6
Intermet International, Inc.
Case Number: 04-67607
Intermet Corporation and Subsidiaries
Schedule of In-Force Insurance
INSURANCE TYPE CARRIER POLICY PERIOD
-------------- ------- --------------
Property Lloyds 11/1/04-11/1/05
Boiler/Machine Hartford 11/1/04-11/1/05
Cargo Fireman's Fund 11/1/04-11/1/05
Truck Cargo Fireman's Fund 11/1/04-11/1/05
Aviation USAIG 11/1/04-11/1/05
Fiduciary St. Paul 11/1/04-11/1/05
Primary D&O St. Paul 11/1/04-11/1/05
Excess D&O Chubb 11/1/04-11/1/05
Excess D&O Platte River 11/1/04-11/1/05
Crime AIG 12/1/04-12/1/05
General Liability ACE 12/22/04-12/22/05
Umbrella National Union 12/22/04-12/22/05
Workers' Comp ACE 12/22/04-6/22/05
Excess Workers' Comp ACE 12/22/04-12/22/05
Auto ACE 12/22/04-12/22/05
Foreign (DIC) ACE 12/22/04-12/22/05
Note: This list does not include In-Force Insurance for Foreign Subsidiaries.
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 DECEMBER 31, 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: JANUARY 20, 2005 /s/ Robert E. Belts
-----------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- --------------
Title Phone
Internet corp. and Subsidiaries
Operating Statement
For the Month Ended 12-31-04
($000's)
CASE #04-67598
INTERMET U.S.
HOLDING
----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales $ 4,920 $ 18,025
Cost of Goods Sold
Materials and Freight 2,043 6,960
Wages - Hourly 927 3,103
Wages-Salary 415 1,203
Employee Benefits and Pension 400 1,386
Repairs & Maintenance 363 1,014
Supplies 496 1,502
Utilities 566 1,772
Purchased Components/Services 292 1,027
Income(loss) from Pattern Sales 735 750
Fixed Asset - (gain/loss) (5) (81)
MIS Expense 63 182
Travel & Entertainment 3 12
Other Variable Costs (24) 559
Depreciation & Amortization 542 1,654
Other Allocated Fixed Costs - -
Other Fixed Costs 179 500
------------- ------------------
Cost of Goods Sold 6,995 21,543
Gross Profit (2,075) (3,518)
Plant SG&A Expense - -
SG&A Expense - Allocation (Sched 1) 240 722
Other Operating Expenses 107 107
------------- ------------------
Total Operating Expenses 347 829
Operating Profit (2,422) (4,347)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (107) (284)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) - 14
------------- ------------------
Total Non-Operating Expenses (107) (270)
Income Before Income Taxes (2,529) (4,617)
Income Tax Expense - 1
------------- ------------------
Net Income ($ 2,529) ($ 4,618)
============= ==================
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs December
(Allocation of Corporate Costs to Filing Entities)
(000's)
December
--------
Officer Compensation $ 189
Salary Expense other Employees 799
Employee Benefits and Pension (23)
Payroll Taxes 39
Other Taxes 0
Rent and Lease Expense 220
Interest Expense
Insurance 36
Automobile and Truck Expense 1
Utilities(Gas Electric,Phone) 84
Depreciation 128
Travel and Entertainment 55
Repairs and Maintenance 51
Advertising/Promotion 0
Supplies, Office Expense 26
OTHER:
Contributions 0
Professional Fees - Audit/Tax 131
Bank Fees 147
Public Reporting Fees 16
Employee Relocation/Training 11
Data Processing 19
Dues and Subscriptions 11
Outside Services 114
Project Development Costs net of Billings (34)
Director Fees 25
Miscellaneous 19
Professional Fees - Bankruptcy 3,428
Cost Allocation - Out (267)
--------
$ 5,223
========
Allocation:
Wagner Castings 177
Northern Castings 47
Ironton Iron 0
Lynchburg Foundry 179
Columbus Foundry 290
Wagner Havana 0
Intermet U.S. Holdings 241
Cast-Matic Corp. 76
Diversified Diemakers 240
Ganton Technologies 156
Tool Products 127
Intermet Corporation 3,689
--------
Total $ 5,223
========
INTERMET Corp. and Subsidiaries
Balance Sheet as of 12-31-04
CASE #04-67598
--------------
INTERMET U.S.
HOLDING
--------------
Cash And Equivalents $ 1
Accounts Receivable 7,548
Short-Term Intercompany Receivables 611
Inventories 6,284
Other Current Assets 10
--------------
TOTAL CURRENT ASSETS 14,454
Land and Buildings 30,171
Machinery & Equipment 70,862
Construction In Progress 29
--------------
Total Fixed Assets 101,062
Accumulated Depreciation (56,291)
--------------
NET FIXED ASSETS 44,771
Investment In Subsidiaries 0
Investment In European Operations 0
Long-Term Intercompany Receivables 0
Deferred Taxes, Long-Term Asset 0
Other Assets 1,550
--------------
TOTAL ASSETS $ 60,775
==============
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 1,695
Wages and Salaries (See schedule) 114
Taxes Payable - (See schedule) 273
--------------
TOTAL POST PETITION LIABILITIES 2,082
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 (38)
Accrued Workers Comp. 632
Accrued Payroll 0
Accrued Payroll Taxes
--------------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 594
UNSECURED LIABILITIES
Accounts Payable 7,971
IDR Bonds 0
--------------
TOTAL UNSECURED LIABILITIES 7,971
OTHER LIABILITIES
Accrued Liabilities 2,595
Short-Term Intercompany Payables 127
Capital Leases 0
Retirement Benefits 0
Deferred Taxes - Long-Term Liability 0
Other Long-Term Liabilities 0
Long-Term Intercompany Payables 21,938
Minority Interest 0
--------------
TOTAL LIABILITIES 35,307
Common Stock 5
Capital In Excess Of Par Value 54,495
Retained Earnings - Prepetition (24,414)
Retained Earnings - Post Petition (4,618)
Equity In European Operations
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
--------------
TOTAL SHAREHOLDER EQUITY 25,468
TOTAL LIABILITIES AND EQUITY $ 60,775
==============
PERIOD ENDED: 12-31-04 INTERMET U.S. HOLDING (COLUMBUS MACHINING) CASE #04-67598
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
11/30/2004 Withheld Deposits 12/31/2004
------------------------------------------------
Income tax withheld: Federal ($ 2,757) ($ 19,519) $ 21,739 ($ 536)
Income tax withheld: State (2,819) (9,577) 10,637 (1,759)
Income tax withheld: Local 0 0 0 0
FICA Withheld 2,454 (16,524) 18,058 3,988
Employers FICA (4,075) (16,635) 18,169 (2,541)
Unemployment Tax: Federal (1,449) (21) 44 (1,426)
Unemployment Tax: State (27,136) (221) 299 (27,057)
All Other Payroll W/H (3,680) (2,100) 3,245 (2,536)
State Taxes: Inc./Sales/Use/Excise (1,500) 0 1,500 0
Property Taxes (37,162) (18,896) 0 (56,058)
Workers Compensation 0 0 0 0
------------------------------------------------
Total $ (78,123) ($ 83,494) $ 73,691 ($ 87,926)
Wages and Salaries (21,413) (157,639) 175,379 (3,673)
------------------------------------------------
Grand Total ($ 99,536) ($ 241,133) $ 249,070 ($ 91,599)
================================================
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 366,438 112,918 253,520 -
Accounts Receivable 767,019 764,018 3,001 -
PERIOD ENDED: 12-31-04 INTERMET U.S. HOLDING CORP. (NEW RIVER) CASE #04-67598
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
11/30/2004 Withheld Deposits 12-31-04
-------------------------------------------------
Income tax withheld: Federal $ 0 ($ 184,990) $ 184,990 $ 0
Income tax withheld: State 0 (65,675) 65,675 0
Income tax withheld: Local 0 0 0 0
FICA Withheld 0 (105,563) 105,563 0
Employers FICA (22,747) (96,128) 105,563 (13,312)
Unemployment Tax: Federal (24,872) (7,801) 3,359 (29,314)
Unemployment Tax: State (31,579) (45,646) 28,428 (48,798)
All Other Payroll W/H (22,004) (46,082) 49,593 (18,493)
State Taxes: Inc./Sales/Use/Excise (10,000) (17,360) 12,360 (15,000)
Property Taxes (20,000) 10,000 0 (10,000)
Workers Compensation (25,000) (25,000) 0 (50,000)
-------------------------------------------------
Total ($ 156,203) ($ 584,245) $ 555,530 ($ 184,917)
Wages and Salaries (236,080) (790,880) 917,224 (109,736)
--------------------------------------------------
Grand Total ($ 392,283) ($1,375,125) $1,472,754 ($ 294,654)
=================================================
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 $1,329,216 $2,136,216 ($187,000) ($ 620,000)
Accounts Receivable $7,419,720 $6,993,720 ($ 80,000) $ 506,000
INTERMET CORPORATION AND SUBSIDIARIES PERIOD ENDED 12/31/2004
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)
ACCOUNT # 1477713 5401086409 2770716450 2770716443 505156 2770716633
BANK Bank One Stan. Fed. Stan. Fed. Stan. Fed. Bank One Stan. Fed. TOTAL
BEGINNING BANK BALANCE - - - - - - -
RECEIPTS 104,908 204,784 - - - - 309,691
TRANSFERS IN (CORPORATE) - - 391,914 55,126 136,447 43,725 627,211
DIP INFLOW - - - - - - -
DISBURSEMENTS - - (391,914) (55,126) (136,447) (43,725) (627,211)
TRANSFERS OUT (CORPORATE) (104,908) (204,784) - - - - (309,691)
DIP REPAYMENT - - - - - - -
---------------------------------------------------------------------------------------------
ENDING BANK BALANCE - - - - - - -
WIRES PAID FOR BY CORPORATE 57,183 57,183
CHECKS ISSUED 294,299
----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 351,482
==========
OUTSTANDING CHECKS AS OF NOVEMBER 30 237,780
VOIDED CHECKS OUTSTANDING AS OF NOVEMBER -
CHECKS ISSUED IN DECEMBER 294,299
CHECK CLEARED IN DECEMBER (391,914)
----------
OUTSTANDING CHECKS AS OF DECEMBER 31 (SEE OUTSTANDING
CHECKLIST) $ 140,166
==========
INTERMET U.S. HOLDING, INC. (COLUM CASE NO. 04-67598
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- ---------------------------- -------------------
ADAMS MACHINE MOVERS $ 3,780.00
ADP 2,274.88
ADVANCE DESIGN 1,359.00
AETNA US HEALTHCARE 1,223.86
AFLAC 1,779.97
ALL AMERICAN RECYCLING, 437.50
AMA LABELING 201.41
AMC CARBIDE 122.16
AMERICAN BUSINESS EQUIP 180.66
AMERICAN PRECISION TOOL 12,398.93
ATMOS ENERGY 355.52
AVERITTE EXPRESS 56.85
BELLSOUTH 472.96
BP LUBRICANTS 1,197.60
BRADDOCK METALLURGICAL 1,066.80
BRENT INDUSTRIES 353.79
CARBIDE TOOL SERVICES, 2,220.00
CENTRAL PACKAGING CORP 1,290.00
CHEMGARD, INC 717.06
CINTAS CORPORATION 222.39
COLUMBUS INDUSTRIAL SUP 554.39
CONSOLIDATED ELECTRICAL 171.84
CONVEYORS & DRIVES 1,894.97
DEXTER FASTENER TECH., 41,616.96
DHL 37.14
DOWDEL GAS, INC 1,417.23
ED LEESON 650.00
FANUC AMERICA CORPORATI 6,394.32
FUTURE LEASING 136.37
G&K SERVICES 2,401.34
GE CAPITAL (GA) 1,451.54
GEORGIA CHILD SUPPORT 360.00
GEORGIA POWER COMPANY 24,292.48
GLOBAL EXCHANGE SERVICE 361.00
GRAINGER 277.89
HAGEMEYER NORTH AMERICA 6,476.51
HARMONY CREEK PEST CONT 120.00
IMPECCABLE MACHINING 32,926.38
INTERSTATE ELECTRIC SUP 1,124.11
ITC DELTACOM 4,619.78
J & H MACHINE TOOLS INC 2,931.10
KENNAMETAL, INC. 13,632.82
KGK INTERNATIONAL 1,116.00
LAGRANGE FASTENERS & SU 341.54
LINA 46.00
LOCHER, INC 3,184.00
MATT'S WELDING 5,468.75
MILLER LANDSCAPING 1,426.67
MOTION INDUSTRIES, INC 99.63
INTERMET U.S. HOLDING, INC. (COLUM CASE NO. 04-67598
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- ---------------------------- -------------------
MSC INDUSTRIAL SUPPLY 301.32
MUSCOGEE CO.TAX COMMISS -
NEC 1,039.99
OKK 1,755.88
PITNEY BOWES INC 526.76
PROVIDENT LIFE AND ACCI 384.02
PUBLIX 1,975.00
PVS 161.00
SBA PRODUCTIONS 779.60
SCALES SYSTEMS 286.70
SMOKEY BONES 186.15
SOUTHEASTERN FOUNDRY PR 6,088.00
SOUTHERN STATES TOYOTAL 1,605.00
SOUTHLAND CHEMICAL & SU 446.72
SPHERION CORPORATION 20,738.71
STAFFING SOLUTIONS 81.76
TENNANT 1,230.59
THE OVERBY COMPANY 656.28
TRANS MAN LOGISTICS 57,182.51
TRU-KUT, INC. 999.51
TRW 10,501.26
VEKTEK 304.70
VERIZON WIRELESS COLUMB 1,193.24
VOICE LINK 65.00
VULCAN ELECTRO-COATING, 120.20
WASTE MANAGEMENT 271.40
WESTPORT HARDNESS & GAG 474.70
YUSA CORPORATION 54,475.20
ZIEGLER TOOLS, INC. 408.22
------------
$ 351,481.52
INTERMET U.S. HOLDING, INC.
CASE NO. 04-67598
AT 12/31/04
COLUMBUS MACHINING - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 140,165.64
Pre-petition Check #77723 to void in January 909.50
-----------
141,075.14
Unadjusted GL Balance 141,075.14
-----------
$ -
===========
INTERMET U.S. HOLDING, INC.
OUTSTANDING CHECKS
CASE NO. 04-67598
CHECK DATE OUTSTANDING
77732 10/1/2004 $ 83,501.98
78231 12/22/2004 97.84
78238 12/21/2004 2,220.00
78253 12/21/2004 1,223.86
78254 12/21/2004 88.44
78256 12/21/2004 46.00
78261 12/22/2004 1,733.39
78264 12/29/2004 426.08
78269 12/29/2004 137.17
78270 12/29/2004 180.66
78271 12/29/2004 260.17
78272 12/29/2004 60.00
78274 12/29/2004 179.76
78275 12/29/2004 68.09
78276 12/29/2004 272.85
78277 12/29/2004 238.34
78278 12/29/2004 44.22
78280 12/29/2004 650.00
78281 12/29/2004 442.04
78282 12/29/2004 120.00
78283 12/29/2004 2,288.95
78284 12/29/2004 4,268.84
78285 12/29/2004 41,616.96
------------
$ 140,165.64
INTERMET CORPORATION AND SUBSIDIARIES PERIOD ENDED 12/31/2004
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)
ACCOUNT # 291513 5401086417 2770716476 2770716468 2770716641
BANK Bank One Stan. Fed. Stan. Fed. Stan. Fed. Stan. Fed. TOTAL
BEGINNING BANK BALANCE - - - - - -
RECEIPTS 5,461,945 3,717,789 - - 16,406 9,196,141
TRANSFERS IN (CORPORATE) - - 1,665,503 1,027,887 349,471 3,042,861
DIP INFLOW - - - - - -
DISBURSEMENTS - - (1,665,503) (1,027,887) (365,877) (3,059,267)
TRANSFERS OUT (CORPORATE) (5,461,945) (3,717,789) - - - (9,179,735)
DIP REPAYMENT - - - - - -
-------------- ----------- ----------- ----------- ----------- -----------
ENDING BANK BALANCE - - - - (0.00) (0.00)
WIRES PAID FOR BY CORPORATE 2,455,818 2,455,818
CHECKS ISSUED 1,334,211
-----------
TOTAL DISBURSEMENTS (SEE TOTAL
DISBURSEMENTS RECONCILIATION) $ 3,790,029
===========
OUTSTANDING CHECKS AS OF NOVEMBER 30 404,041
VOIDED CHECKS OUTSTANDING AS OF NOVEMBER (16,526)
CHECKS ISSUED IN DECEMBER 1,334,211
CHECK CLEARED IN DECEMBER (1,665,503)
-----------
OUTSTANDING CHECKS AS OF DECEMBER 31
(SEE OUTSTANDING CHECKLIST) 56,223
===========
INTERMET U.S. HOLDING, INC. (NEW RIVER) CASE NO. 04-67598
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- ---------------------------------- -------------------
ADVANCED CARBIDE TOOL $ 3,390.00
ADVANCED MOTOR SERVICES 652.05
AETNA US HEALTH CARE 8,743.16
AIR PRODUCTS & CHEMICAL 1,977.79
AIRGAS INC 1,278.61
ALLIED MINERAL PRODUCTS 7,082.53
APPLIED INDUST. TECH 504.03
ARAMARK UNIFORM SERVICE 566.50
ARCET 1,605.03
ASCOM HASLER MAILING SY 126.00
ATMOS ENERGY 4,538.33
ATMOS ENERGY MARKETING 90,059.54
BANKS COMPANY INC. 13,307.90
BASHAM, BILLY 500.00
BEST ONE TIRE 4,547.00
BLACKSBURG ENVIRONMENTAL SOLUT 1,100.00
BLUE RIDGE COPIER 546.56
BOB'S REFUSE SERVICE IN 815.99
CANON FINANCIAL 534.34
CARILION FAMILY MEDICINE 735.72
CARILION NRV MED CENTER 1,068.70
CARTER MACHINERY 7,993.50
CARTER MACHINERY CO INC. 1,665.00
CENTRAL VALLEY RUBBER S 14,267.09
CHAMPION CHISEL WORKS, 3,433.80
CHICAGO FREIGHT CAR LEA 3,860.85
CITY OF RADFORD 448,630.49
COMFORT INN RADFORD 6,150.17
COMMERCIAL STEEL ERECTI 9,500.00
CRANE AMERICA SERVICES 4,010.00
DAVID J JOSEPH COMPANY 1,837,673.51
DIDION INTERNATIONAL 188.00
DISA GOFF, INC 728.50
DISA INDUSTRIES, INC 12,340.00
DUBOIS FINISHING TECHNOLOGIES 2,145.00
EIRICH MACHINES 3,133.04
ELKEM METALS INC. 20,594.85
ENVIRITE OF OHIO 1,681.41
FIRE EQUIPMENT CO.INC. 1,398.00
FOSECO INC. 29,551.52
FRENCH, LYDIA 180.09
H.C. WADE 2,426.00
HA INTERNATIONAL, LLC 83,774.00
HART METALS, INC. 33,825.00
HEAT TREATING SERVICES 50,022.15
HEATH OIL LLC 5,151.33
HENLEY TOOL CORP. 150.00
HERAEUS ELECTRO NITE CO 8,449.57
HIGHLAND PAGING 455.67
INTERMET U.S. HOLDING, INC. (NEW RIVER) CASE NO. 04-67598
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- ---------------------------------- -------------------
HILL AND GRIFFITH CO. 208,746.56
INDUCTOTHERM CORP. 972.88
INDUSTRIAL POWDER COATI 48,126.87
INDUSTRIAL SUPPLY CORP 238,164.19
INDUSTRIAL WELDING & MA 5,768.00
INTERNATIONAL SURFACE P 2,731.67
JOHNNY PUCKETT 500.00
JONES,WILLARD 560.00
JUNIORS CHEVRON & U-HAUL 200.00
KWIK KAFE CO 23.40
LABORATORY CORP OF AMER 202.50
LANDAUER 166.56
LAYTON, TOMMY 212.61
LEADING EDGE ENTERPRISE 7,275.00
LECTROTHERM 935.00
LINA. 74.00
LLOYD ELECTRIC CO.INC. 250.00
LYNCHBURG PUBLIC WAREHO 52.50
MARJO PLASTICS CO INC 1,190.00
MCC 21,996.18
MCCOMBS, BRENT 410.21
MCELROY,JOHN C 826.20
METEC INC 11,250.00
METOKOTE CORPORATION 21,511.49
MILLER AND COMPANY LLC 199,553.41
MONTOGOMERY SANITATION 69.90
MOODY,DWAYNE 833.77
MOORE SPECIALTY 7,980.00
MORRIS MATERIAL HANDLIN 1,680.00
MOUNTAIN SPRINGS 285.00
NEW RIVER GLASS 325.00
NEW RIVER SOLID WASTE M 60,659.48
NORFOLK SOUTHERN (GA) 5,930.00
NORTHBEND PATTERN WORKS 6,784.00
NRV-SHRM 50.00
OCCUPATIONAL TESTING SERVICE 1,000.00
OLVER, INC. 900.00
PATTERN SERVICES 1,146.00
PEARSON, MURRAY 13.01
PIEDMONT METAL PROD INC 1,963.50
PROCHEM ANALYTICAL INCO 210.00
PROFORMA 566.19
PROVIDENT LIFE 2,057.88
PULASKI GENERAL DIST CO 55.15
RADFORD CITY FLORIST 245.50
RADFORD COMBINED COURT 107.50
REBECCA CONNELLY 1,500.00
REDDY ICE-CASSCO 78.00
REMTRON, INC 1,305.40
RENTAL SERVICE CORP (RS 1,660.00
INTERMET U.S. HOLDING, INC. (NEW RIVER) CASE NO. 04-67598
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- ---------------------------------- -------------------
REPKO, MICHAEL 20.98
RICHFIELD INDUSTRIES 5,958.12
ROBERTS SINTO CORPORATI 23,834.16
SAFETY-KLEEN CORP. 203.65
SAF-GARD SAFETY SHOE CO 6,839.38
SAVEITNOW 1,202.59
SAVILLE, MITCH 75.00
SCI-MED WASTE SYSTEMS, INC. 25.00
SECURITY FORCES INC 10,462.74
SOUTHWESTERN VA. GAS SE 1,207.75
TATE ENGINEERING INC 23,668.76
TENNIN, THOMAS 1,303.15
THOMPSON CHRYSLER-PLYMO 188.56
TINIUS OLSEN 668.54
TOMLIN, LINDA 202.13
TRANS MAN LOGISTICS, INC. 162,175.17
TREASURER OF VA-DEQ 3,058.77
TRIPLE M MANUFACTURING, INC. 844.00
TWO WAY RADIO INC 398.99
UNITED INDUSTRIAL SERVI 10,834.44
UNITED REFRACTORIES COM 28,515.50
UNITED WAY SAL 210.00
VA DEPT OF TAXATION 690.00
VA. DEPT OF TAXATION 12,256.84
VERIZON (17577) 4,705.36
VERIZON WIRELESS 71.68
VICTORIA SOWERS 620.00
W. MATTHEW SKEWES, MD 2,464.00
WEDRON SILICA-FAIRMOUNT 83,586.93
WHEELABRATOR ABRASIVES 78,650.00
WILLIAM A. KIBBE & ASSO 270.00
YALE INSPECTION SERVICE 4,482.72
November Wires Booked in December. (285,828.81)
-------------------
$ 3,790,028.93
INTERMET U.S. HOLDING, INC.
CASE NO. 04-67598
AT 12/31/04
NEW RIVER - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 56,222.66
Misc Reconciling Items rectified in January (796.76)
----------
55,425.90
Unadjusted GL Balance 55,425.90
----------
Difference $ -
==========
NEW RIVER
OUTSTANDING CHECKS
CASE NO. 04-67598
CHECK DATE OUTSTANDING
103029 10/6/2004 $ 908.00
103046 12/20/2004 10,000.00
103047 12/22/2004 2,340.00
103048 12/23/2004 200.00
103122 10/14/2004 180.00
103475 11/11/2004 589.09
103627 11/19/2004 403.12
103654 11/19/2004 50.00
103940 12/13/2004 735.72
103963 12/14/2004 1,000.00
104006 12/16/2004 5,930.00
104012 12/16/2004 81.09
104024 12/17/2004 1,068.70
104071 12/21/2004 1,113.00
104076 12/21/2004 50.00
104083 12/21/2004 310.00
104084 12/21/2004 844.00
104107 12/22/2004 1,660.00
104119 12/28/2004 282.42
104122 12/28/2004 13,281.49
104123 12/28/2004 3,860.85
104125 12/28/2004 128.04
104129 12/28/2004 126.00
104130 12/28/2004 560.00
104131 12/28/2004 4,903.50
104135 12/28/2004 13.01
104138 12/28/2004 1,305.40
104140 12/28/2004 940.91
104141 12/28/2004 54.87
104142 12/28/2004 668.54
104143 12/28/2004 794.58
103050 12/31/2004 1,840.33
-----------
$ 56,222.66
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: DECEMBER 31, 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: JANUARY 20, 2005 _______________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Form 6
Intermet U.S. Holding, Inc.
Case Number: 04-76598
Intermet Corporation and Subsidiaries
Schedule of In-Force Insurance
INSURANCE TYPE CARRIER POLICY PERIOD
- -------------------- -------------- -----------------
Property Lloyds 11/1/04-11/1/05
Boiler/Machine Hartford 11/1/04-11/1/05
Cargo Fireman's Fund 11/1/04-11/1/05
Truck Cargo Fireman's Fund 11/1/04-11/1/05
Aviation USAIG 11/1/04-11/1/05
Fiduciary St. Paul 11/1/04-11/1/05
Primary D&O St. Paul 11/1/04-11/1/05
Excess D&O Chubb 11/1/04-11/1/05
Excess D&O Platte River 11/1/04-11/1/05
Crime AIG 12/1/04-12/1/05
General Liability ACE 12/22/04-12/22/05
Umbrella National Union 12/22/04-12/22/05
Workers' Comp ACE 12/22/04-6/22/05
Excess Workers' Comp ACE 12/22/04-12/22/05
Auto ACE 12/22/04-12/22/05
Foreign (DIC) ACE 12/22/04-12/22/05
Note: This list does not include In-Force Insurance for Foreign Subsidiaries.
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 DECEMBER 31, 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: JANUARY 20, 2005 /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 12-31-04
($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 (58) (37)
Depreciation & Amortization - -
Other Allocated Fixed Costs - -
Other Fixed Costs - -
---- ----
Cost of Goods Sold (58) (37)
Gross Profit 58 37
Plant SG&A Expense (3) (3)
SG&A Expense - Allocation (Sched 1) - -
Other Operating Expenses - -
---- ----
Total Operating Expenses (3) (3)
Operating Profit 61 40
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 61 40
Income Tax Expense - -
---- ----
Net Income $ 61 $ 40
==== ====
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs December
(Allocation of Corporate Costs to Filing Entities)
(000's)
December
--------
Officer Compensation $ 189
Salary Expense other Employees 799
Employee Benefits and Pension (23)
Payroll Taxes 39
Other Taxes 0
Rent and Lease Expense 220
Interest Expense
Insurance 36
Automobile and Truck Expense 1
Utilities(Gas Electric, Phone) 84
Depreciation 128
Travel and Entertainment 55
Repairs and Maintenance 51
Advertising/Promotion 0
Supplies, Office Expense 26
OTHER:
Contributions 0
Professional Fees - Audit/Tax 131
Bank Fees 147
Public Reporting Fees 16
Employee Relocation/Training 11
Data Processing 19
Dues and Subscriptions 11
Outside Services 114
Project Development Costs net of Billings (34)
Director Fees 25
Miscellaneous 19
Professional Fees - Bankruptcy 3,428
Cost Allocation - Out (267)
------
$5,223
======
Allocation:
Wagner Castings 177
Northern Castings 47
Ironton Iron 0
Lynchburg Foundry 179
Columbus Foundry 290
Wagner Havana 0
Intermet U.S. Holdings 241
Cast-Matic Corp. 76
Diversified Diemakers 240
Ganton Technologies 156
Tool Products 127
Intermet Corporation 3,689
------
Total $5,223
======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 12-31-04
CASE #04-67603
IRONTON
IRON
--------------
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 0
Investment In European Operations 0
Long-Term Intercompany Receivables 0
Deferred Taxes, Long-Term Asset
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 0
IDR Bonds 0
--------
TOTAL UNSECURED LIABILITIES 0
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 33,235
Minority Interest 0
--------
TOTAL LIABILITIES 33,986
Common Stock 0
Capital In Excess Of Par Value 49,000
Retained Earnings - Prepetition (82,685)
Retained Earnings - Post Petition 40
Equity In European Operations
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
--------
TOTAL SHAREHOLDER EQUITY (33,645)
TOTAL LIABILITIES AND EQUITY $ 341
========
PERIOD ENDED: 12-31-04 IRONTON IRON, INC. CASE #04-67603
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued/ Payments/ as of
11/30/2004 Withheld Deposits 12/31/2004
-----------------------------------------------
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: DECEMBER 31, 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: JANUARY 20, 2005 _____________________________
Debtor in Possession
Form 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: DECEMBER 31, 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: JANUARY 20, 2005 ________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Form 6
Ironton Iron, Inc.
Case Number: 04-67603
Intermet Corporation and Subsidiaries
Schedule of In-Force Insurance
INSURANCE TYPE CARRIER POLICY PERIOD
- -------------------- -------------- -----------------
Property Lloyds 11/1/04-11/1/05
Boiler/Machine Hartford 11/1/04-11/1/05
Cargo Fireman's Fund 11/1/04-11/1/05
Truck Cargo Fireman's Fund 11/1/04-11/1/05
Aviation USAIG 11/1/04-11/1/05
Fiduciary St. Paul 11/1/04-11/1/05
Primary D&O St. Paul 11/1/04-11/1/05
Excess D&O Chubb 11/1/04-11/1/05
Excess D&O Platte River 11/1/04-11/1/05
Crime AIG 12/1/04-12/1/05
General Liability ACE 12/22/04-12/22/05
Umbrella National Union 12/22/04-12/22/05
Workers' Comp ACE 12/22/04-6/22/05
Excess Workers' Comp ACE 12/22/04-12/22/05
Auto ACE 12/22/04-12/22/05
Foreign (DIC) ACE 12/22/04-12/22/05
Note: This list does not include In-Force Insurance for Foreign Subsidiaries.
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 DECEMBER 31, 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: JANUARY 20, 2005 /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 12-31-04
($000's)
CASE #04-67606
LYNCHBURG
FOUNDRY
----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales $ 5,190 $ 19,945
Cost of Goods Sold
Materials and Freight 3,144 10,876
Wages - Hourly 997 3,547
Wages-Salary 325 985
Employee Benefits and Pension 1,585 3,441
Repairs & Maintenance 456 1,433
Supplies 513 1,661
Utilities 299 796
Purchased Components/Services 29 553
Income(loss) from Pattern Sales 5 5
Fixed Asset - (gain/loss) (40) (40)
MIS Expense 36 113
Travel & Entertainment 1 3
Other Variable Costs 1,255 1,809
Depreciation & Amortization 212 639
Other Allocated Fixed Costs -- --
Other Fixed Costs (591) (340)
-------- --------
Cost of Goods Sold 8,226 25,481
Gross Profit (3,036) (5,536)
Plant SG&A Expense -- --
SG&A Expense - Allocation (Sched 1) 179 537
Other Operating Expenses 90 90
-------- --------
Total Operating Expenses 269 627
Operating Profit (3,305) (6,163)
Outside Interest Income -- --
Outside Interest (Expense) -- --
Intercompany Interest Income -- --
Intercompany Interest (Expense) (18) (59)
Charges (From) Affiliates -- --
Charges To Affiliates -- --
Income/Loss From European Operations -- --
Other Income/(Expense) 2 1
-------- --------
Total Non-Operating Expenses (16) (58)
Income Before Income Taxes (3,321) (6,221)
Income Tax Expense -- --
-------- --------
Net Income ($ 3,321) ($ 6,221)
======== ========
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs December
(Allocation of Corporate Costs to Filing Entities)
(000's)
December
--------
Officer Compensation $189
Salary Expense other Employees 799
Employee Benefits and Pension (23)
Payroll Taxes 39
Other Taxes 0
Rent and Lease Expense 220
Interest Expense
Insurance 36
Automobile and Truck Expense 1
Utilities(Gas Electric,Phone) 84
Depreciation 128
Travel and Entertainment 55
Repairs and Maintenance 51
Advertising/Promotion 0
Supplies, Office Expense 26
OTHER:
Contributions 0
Professional Fees - Audit/Tax 131
Bank Fees 147
Public Reporting Fees 16
Employee Relocation/Training 11
Data Processing 19
Dues and Subscriptions 11
Outside Services 114
Project Development Costs net of Billings (34)
Director Fees 25
Miscellaneous 19
Professional Fees - Bankruptcy 3,428
Cost Allocation - Out (267)
-------
$ 5,223
=======
Allocation:
Wagner Castings 177
Northern Castings 47
Ironton Iron 0
Lynchburg Foundry 179
Columbus Foundry 290
Wagner Havana 0
Intermet U.S. Holdings 241
Cast-Matic Corp. 76
Diversified Diemakers 240
Ganton Technologies 156
Tool Products 127
Intermet Corporation 3,689
-------
Total $ 5,223
=======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 12-31-04
CASE #04-67606
--------------
LYNCHBURG
FOUNDRY
--------------
Cash And Equivalents $ 0
Accounts Receivable 4,379
Short-Term Intercompany Receivables 23
Inventories 3,623
Other Current Assets 264
--------
TOTAL CURRENT ASSETS 8,289
Land and Buildings 19,915
Machinery & Equipment 52,784
Construction In Progress 261
--------
Total Fixed Assets 72,960
Accumulated Depreciation (57,805)
--------
NET FIXED ASSETS 15,155
Investment In Subsidiaries 0
Investment In European Operations 0
Long-Term Intercompany Receivables 4,014
Deferred Taxes, Long-Term Asset 0
Other Assets 229
--------
TOTAL ASSETS $ 27,687
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 339
Wages and Salaries (See schedule) 126
Taxes Payable - (See schedule) 177
--------
TOTAL POST PETITION LIABILITIES 642
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. 1,930
Accrued Payroll 0
Accrued Payroll Taxes
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 1,930
UNSECURED LIABILITIES
Accounts Payable 7,592
IDR Bonds 0
--------
TOTAL UNSECURED LIABILITIES 7,592
OTHER LIABILITIES
Accrued Liabilities 2,641
Short-Term Intercompany Payables 277
Capital Leases 0
Retirement Benefits 74
Deferred Taxes - Long-Term Liability 0
Other Long-Term Liabilities 2,341
Long-Term Intercompany Payables 0
Minority Interest 0
--------
TOTAL LIABILITIES 15,497
Common Stock 0
Capital In Excess Of Par Value 0
Retained Earnings - Prepetition 18,411
Retained Earnings - Post Petition (6,221)
Equity In European Operations
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
--------
TOTAL SHAREHOLDER EQUITY 12,190
TOTAL LIABILITIES AND EQUITY $ 27,687
========
PERIOD ENDED: 12-31-04 LYNCHBURG FOUNDRY (ARCHER CREEK) CASE #04-67606
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued/ Payments/ as of
11/30/2004 Withheld Deposits 12/31/2004
------------------------------------------------------
Income tax withheld: Federal $ 5,552 ($ 246,900) $ 241,348 $ 0
Income tax withheld: State 7,449 (101,276) 93,827 0
Income tax withheld: Local 0 0 0 0
FICA Withheld 9,860 (163,524) 153,664 0
Employers FICA (61,960) (101,506) 153,807 (9,659)
Unemployment Tax: Federal (7,707) 6,697 0 (1,011)
Unemployment Tax: State (17,357) 8,991 0 (8,366)
All Other Payroll W/H (29,916) (99,327) 99,594 (29,648)
State Taxes: Inc./Sales/Use/Excise (44,376) (2,005) 965 (45,416)
Property Taxes (262) 262 0 0
Workers Compensation (35,500) (35,000) 0 (70,500)
-------------------------------------------------------
Total ($174,217) ($ 733,588) $ 743,205 ($ 164,600)
Wages and Salaries (529,412) (1,419,827) 1,822,867 (126,372)
-------------------------------------------------------
Grand Total ($703,629) ($ 2,153,416) $ 2,566,072 ($ 290,973)
=======================================================
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 $ 339,463 335,666.20 3,796.71 $ 0
Accounts Receivable $4,725,739 4,470,446.57 211,747.58 43,544.53
PERIOD ENDED: 12-31-04 LYNCHBURG FOUNDRY (RADFORD) CASE #04-67606
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued/ Payments/ as of
11/30/2004 Withheld Deposits 12/31/2004
------------------------------------------------
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 (1,762) (206) 206 (1,762)
State Taxes: Inc./Sales/Use/Excise 0 0 0 0
Property Taxes (491) (10,000) 0 (10,491)
Workers Compensation 0 0 0 0
-----------------------------------------------
Total ($ 2,254) ($10,206) $ 206 ($12,254)
Wages and Salaries 0 0 0 0
-----------------------------------------------
Grand Total ($ 2,254) ($10,206) $ 206 ($12,254)
===============================================
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 37,500.00
INTERMET CORPORATION AND SUBSIDIARIES PERIOD ENDED 12/31/2004
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 - Inactive Stan. Fed. Stan. Fed. Stan. Fed. Stan. Fed. TOTAL
BEGINNING BANK BALANCE - - - - - -
RECEIPTS - 2,030,889 - 18 956 2,031,864
TRANSFERS IN (CORPORATE) - - 1,918,636 1,585,527 314,830 3,818,993
DIP INFLOW - - - - - -
DISBURSEMENTS - - (1,918,636) (1,585,545) (315,786) (3,819,968)
TRANSFERS OUT (CORPORATE) - (2,030,889) - - - (2,030,889)
DIP REPAYMENT - - - - - -
---------------------------------------------------------------------------------
ENDING BANK BALANCE - - - - 0.00 (0.00)
WIRES PAID FOR BY CORPORATE 3,396,816 3,396,816
CHECKS ISSUED 2,169,525
----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $5,566,341
==========
OUTSTANDING CHECKS AS OF NOVEMBER 30 383,423
VOIDED CHECKS OUTSTANDING AS OF NOVEMBER (1,626)
CHECKS ISSUED IN DECEMBER 2,169,525
CHECK CLEARED IN DECEMBER (1,918,636)
----------
OUTSTANDING CHECKS AS OF DECEMBER 31 (SEE OUTSTANDING CHECKLIST) $ 632,686
==========
LYNCHBURG FOUNDRY, INC.(ARCHER CREEK) CASE NO. 04-67606
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- --------------------------------------------------------------------------------
AC CONTROLS CO $ 439.47
ACTION MACHINERY 14,418.89
ADAMS MOTOR CO 27.12
ADVANCED CARBIDE TOOL 13,509.25
ADVANCED COMMUNICATIONS & ELEC 73.90
ADVANCED CONTROL PRODUCTS 212.81
AEA TECHNOLOGY 250.89
AETNA U.S. HEALTHCARE 13,501.14
AFP INDUSTRIES 567.50
AG JEFFERSON 2,221.20
AGFA NDT, INC 1,402.66
AIR PRODUCTS AND CHEMICALS 9,550.34
AIRGAS MID-AMERICA 1,018.98
ALABAMA BY-PRODUCTS 463,917.00
ALLIED MINERAL PRODUCTS 22,925.93
ALLOR MFG 1,011.96
ALLTEL 290.44
ALPHA OMEGA RESOURCES 793.50
ALTA SHOE SHOP INC 383.00
AMERICAN ELECTRIC POWER 174,860.91
AMERIGAS - LYNCHBURG-MONROE 10,400.00
AMHERST COUNTY EDUCATION 500.00
AMX PERFORMANCE CO 705.00
APPLIED IND. TECHNOLOGIES 13,503.78
ARAMARK UNIFORM SERVICES 4,695.12
ARCET EQUIPMENT 4,762.93
AT&T 736.81
ATLANTIC COAST TOYOTALIFT 8,793.30
ATL-EAST TAG & LABEL 770.66
ATMOSPHERE ANNEALING 2,008.47
AUTOCOM MANUFACTURING 23,969.58
BANKS COMPANY 3,183.33
BARKER-JENNINGS 6,154.14
BFI 25,333.00
BMG METALS 11,247.84
BOND, CYNTHIA GALLIER 369.52
BOONSBORO ELEMENTARY SC 150.00
BOULEVARD PROPERTIES 821.25
BOXLEY AGGREGATES 1,995.00
BRAMMER SAFETY SUPPLY 15,122.79
BRC COMPANY 34,777.30
BRENNTAG SOUTHEAST 859.18
BUEHLER LTD 244.36
BWI DISTRIBUTION, INC 288.40
C ARTHUR WEAVER 200.25
CALVIN LIGONS, JR 667.82
CAMFIL FARR 111.74
CAMPBELL COUNTY TREASURER 23,627.10
CAMPBELL-PAYNE 623.42
LYNCHBURG FOUNDRY, INC.(ARCHER CREEK) CASE NO. 04-67606
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- --------------------------------------------------------------------------------
CANDLER OIL 44,698.03
CAROLINA FIREBRICK SPEC. 24,675.00
CAROLINA FLUID COMPONENTS 139.80
CARPENTER TIRE CO 290.52
CARTER MACHINERY 108.02
CC METALS & ALLOYS 129,548.00
CEILCOTE AIR POLLUTION 816.00
CENTRA HEALTH 827.48
CHAMPION CHISEL WORKS 3,381.72
CHICAGO FREIGHT CAR LEASING 7,671.04
CIMTEC AUTOMATION 1,309.11
CLARENCE E. WILLIAMS 4,952.64
COLUMBIA GAS 77,617.42
COLUMBIA MARKING TOOLS 1,112.94
COMMERICAL STEEL ERECTION 4,300.00
COMMONWEALTH CONTROLS 6,414.00
CONSUMER DORIN ADAMS 5,950.00
CONTROL CHIEF CORP 193.24
CONTROL CORP OF AMERICA 68.12
CROSS SALES & ENGINEERING 305.49
CVS #3502 899.49
DAVID J. JOSEPH 2,086,000.00
DETEK 1,572.63
DICK HARRIS & SON TRUCK 24,735.90
DIKE-O-SEAL 2,115.81
DM&E RAILROAD 38,646.00
DOALL VIRGINIA CO 105.88
ECK SUPPLY 6,648.71
EL BETHEL COMMUNITY ASSOC 125.00
ELECOM INC 868.37
ELECTRIC MELTING 5,950.00
ELECTRONICS REPAIR CENTER 1,872.00
ELKEM METALS 38,698.00
ELY CRANE AND HOIST 12,024.21
EMLEX CONSTRUCTION 54,232.00
ENGINEERING CHEMISTRY 3,366.00
EQUIPMENT MERCHANTS 931.26
EQUIPMENT MERCHANTS, INTL 2,088.54
EUTECTIC CORPORATION 343.12
EXCEL TECHNOLOGIES 254.00
FAMILY SUPPORT REGISTRY 661.60
FARGO WEAR 1,818.00
FARMER, STEVE 35.63
FAULKNER INDUSTRIAL 25,040.00
FEI LYNCHBURG #75 77.04
FERBEE-JOHNSON CO 6,529.66
FIRE & SAFETY EQUIPMENT 245.50
FOEHLING & ROBERTSON, INC 3,859.40
FOLKS, MELANIE 960.49
LYNCHBURG FOUNDRY, INC.(ARCHER CREEK) CASE NO. 04-67606
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- --------------------------------------------------------------------------------
FOSTER ELECTRIC CO 1,063.86
FREEMAN MFG & SUPPLY 2,266.64
G.E. CAPITAL 7,228.00
GEE, KIRKLIN 32.00
GENERAL KINEMATICS 678.00
GEORGE W. MAYS 3,151.71
GLOBAL STONE JAMES RIVER 4,000.00
GLOBE METALLURGICAL 104,078.00
HACH CHEMICAL COMPANY 55.50
HAJOCA CORPORATION 464.28
HARBISON-WALKER REFRACTORIES 34,655.26
HARMON PRODUCTS 113.19
HELEN P. PARRISH 207.00
HELWIG CARBON, INC 68.88
HERAEUS ELECTRO-NITE CO 14,660.03
HERBERT L. BESKIN 9,415.00
HERB'S TOOL GRINDING & SALES 570.23
HIGH PEAK SPORTSWEAR 409.00
HILL AND GRIFFITH 23,600.00
HOMESTEAD MATERIALS HANDLING 4,095.00
HOPKINS, WILLIAM D 104.13
HORSEHEAD RESOURCE DVLP 4,200.00
I.A.M. NATIONAL PENSION FUND 1,723.80
IFS INDUSTRIES 7,287.50
INDUSTRIAL SUPPLY CORP 43,353.77
INDUSTRIAL TOOL SERVICES 106.21
INGERSOLL-RAND CO 196.12
INSOURCE SOFTWARE SOLUTIONS 5,553.75
INTERNATIONAL ASSOC 423.60
INTERSTATE BATTERY 239.60
INT-L SURFACE CORPORATION 3,567.94
IRON AGE CORPORATION 457.53
IRON AGE SCRAP PRICE BULLETIN 395.00
JACKSON WANDA K 496.15
JACKSON-HIRSH 113.10
JAMES D. ENGLISH 13,852.30
JAMES RIVER EQUIPMENT 59.89
JAMES T. DAVIS 148.32
JDN LEASING 3,500.00
JEFFERSON GALLERIES 3,335.37
JESUS BARAJAS CARLOS 3,692.50
KEETER-DIXON-PEARRE 370.00
KENT RUDBECK 500.00
KEYENCE CORP. OF AMERICA 320.00
KINDT COLLINS CO 415.45
LANDAUER, INC 526.50
LAWRENCE EQUIPMENT 117.81
LEWIS SYSTEMS INC. 9,058.65
LEWIS, ANGELA V. 461.50
LYNCHBURG FOUNDRY, INC.(ARCHER CREEK) CASE NO. 04-67606
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- --------------------------------------------------------------------------------
LINA 216.50
LIVINGSTON AND HAVEN 535.14
LYNCHBURG BUSINESS MACHINES 148.00
M & R CONSTRUCTORS INC 19,000.00
MAGNETEK INDUSTRIAL CONTROLS 1,513.84
MANPOWER 682.30
MASTER GAGE 1,800.00
MAYBERRY, SUSIE 810.10
MCMASTER-CARR SUPPLY 263.65
METAL MARKER MFG 2,016.08
METSO MINERALS IND 617.60
MIDCO INTERNATIONAL, INC 170.15
MILLER AND COMPANY LLC (29,305.00)
MOORE'S MACHINE CO 6,771.50
NATIONAL AUTO PARTS 188.69
NOEL SYSTEMS 96.10
OH20-ED 108.95
OMNISOURCE FT WAYNE 63,000.00
OSBORNE INTERNATIONAL 11,823.00
PALLETONE OF VA 4,829.20
PATCHELL, KENNETH R. 30.00
PGS, INC 109.29
PIEDMONT CHAPTER AFS 100.00
PIEDMONT FOUNDRY SUPPLY 147,435.67
PITNEY BOWES CREDIT CORP 749.90
PORTER WARNER IND 15,644.00
POTOMAC ENVIRONMENTAL 11,326.48
POWELL'S TRUCK & EQUIPMENT 14.62
PRECISION HYDRAULICS CO 1,877.21
PRIMETRADE 219,632.00
PROCHEM ANALYTICAL 810.00
PROFORMA 560.37
PROVIDENT LIFE & ACCIDENT 2,418.45
QSI, INC 244.09
R.I. LAMPUS 56,945.00
RADIO COMM. CO 105.00
RAMSEY, MARTHA 808.44
REBECCA B. CONNELLY 750.00
RED HILL GRINDING WHEEL 1,944.76
REI CONSULTANTS 6,158.00
RENOLD INC 237.43
RICHMOND SECURITY SERVICES 10,167.52
ROBIN F. JEFFERSON, TRE 289,009.20
ROCKMOUNT RESEARCH & AL 715.41
ROSE OFFICE SYSTEMS 1,976.00
SCHAEFER BRUSH MFG 886.46
SIMMS, DAVID 125.00
SMITH SERVICES 20,273.47
SNORKEL INTERNATIONAL 27.11
LYNCHBURG FOUNDRY, INC.(ARCHER CREEK) CASE NO. 04-67606
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- --------------------------------------------------------------------------------
SOUTHERN AIR 1,605.43
SOUTHERN MAINTENANCE SUPPLY 3,463.93
SPECIALTY FOUNDRY PRODUCTS 17,129.16
SPRAYING SYSTEMS 1,492.44
STAHL, INC 66,043.00
STAHURA COMPANY 600.18
STERICYCLE INC 737.55
SUPERIOR GRAPHITE 20,093.00
TEMPLETON'S MKT 259.42
TENNANT COMPANY 105.20
THE MASA CORP 9,225.71
THERMO ELECTRON SCIENTIFIC 564.01
THOMPSON TRUCKING 51,932.20
TORRENCE PLUMBING 2,316.26
TRANSFORMER ELECTRIC CO 875.00
TRANSMAN 22,846.00
TREASURER OF VA 25,400.17
TROEMNER INC 377.44
TRONIX INC 52.97
TUSCOLA SAGINAW BAY RAILWAY 36,301.00
TWIN SPECIALTIES 539.00
U S ELECTRICAL TOOL 819.00
UMETCO INC 12,180.00
UNITED HYDRAULICS INC 32,537.54
UNITED WAY OF CENTRAL VA 4,560.55
VA CAROLINA BELTING 19,903.18
VA DEPT OF TAX 1,464.87
VA FLUID POWER 560.00
VALLEY FASTENERS 1,558.28
VBS 2,386.08
VIRGINIA CAROLINA CONTROLS 221.45
VIRGINIA POWER ENERGY MARKETING 331,825.05
VWR SCIENTIFIC 786.07
W.E.L. ENTERPRISES 16,067.00
WASTE MANAGEMENT 21,277.10
WEBER MARKING SYSTEMS 250.84
WENDT DUNNINGTON 489.96
WESCO 130.99
WEXFORD SAND COMPANY 18,500.00
WHEELABRATOR ABRASIVES 47,190.00
WHITING CORPORATION 3,152.00
WIGGINGTON RD FAMILY PRACTICE 333.00
WILLIAMSON & WILMER 283.66
WILLIAMSON, CHARLIE C. 199.65
WIRELESS SOLUTIONS 415.30
WOOLDRIDGE HEATING & AIR 2,490.00
WOOLRIDGE, KENYA 570.03
XEROX CORPORATION 2,714.58
XPEDX 9,664.68
MILLER AND COMPANY LLC November wire
booked in December 27,014.15
--------------
$ 5,566,340.62
LYNCHBURG FOUNDRY
CASE NO. 04-67606
AT 12/31/04
ARCHER CREEK - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 632,685.84
Prepetition Checks to Void in January 12,819.00
-----------
645,504.84
Unadjusted GL Balance 645,504.84
-----------
Difference $ -
===========
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
15747 11/5/2004 820.77
15967 11/18/2004 1,856.18
16216 12/3/2004 481.15
16338 12/9/2004 52.97
16396 12/13/2004 100.00
16421 12/15/2004 179.83
16443 12/16/2004 202.00
16453 12/17/2004 56.90
16509 12/17/2004 130.99
16531 12/17/2004 77,617.42
16544 12/21/2004 60.91
16545 12/21/2004 38.79
16546 12/21/2004 992.20
16547 12/21/2004 771.19
16551 12/21/2004 1,464.88
16553 12/21/2004 68.88
16554 12/21/2004 517.00
16555 12/21/2004 487.72
16557 12/21/2004 592.90
16558 12/21/2004 909.18
16560 12/21/2004 106.86
16568 12/21/2004 357.87
16584 12/22/2004 816.00
16586 12/22/2004 628.48
16601 12/22/2004 506.85
16615 12/22/2004 395.00
16617 12/22/2004 92.30
16619 12/22/2004 30.00
16629 12/22/2004 240.72
16630 12/22/2004 214.84
16631 12/22/2004 108.45
16642 12/22/2004 11.74
16648 12/23/2004 808.44
16649 12/23/2004 250.84
16650 12/28/2004 515.70
16651 12/28/2004 2,222.00
16652 12/28/2004 7,601.18
16658 12/29/2004 779.70
16659 12/29/2004 966.85
16660 12/29/2004 101.06
16661 12/29/2004 22,925.93
16662 12/29/2004 90.00
ARCHER CREEK
OUTSTANDING CHECKS
CASE NO. 04-67606
CHECK DATE OUTSTANDING
16663 12/29/2004 8.34
16664 12/29/2004 1,128.18
16665 12/29/2004 1,920.30
16666 12/29/2004 3,651.40
16667 12/29/2004 75.00
16668 12/29/2004 200.25
16669 12/29/2004 1,200.00
16670 12/29/2004 889.50
16671 12/29/2004 65.50
16672 12/29/2004 4,010.00
16673 12/29/2004 4,095.00
16674 12/29/2004 23,017.43
16675 12/29/2004 76.76
16676 12/29/2004 5,553.75
16677 12/29/2004 681.03
16678 12/29/2004 148.00
16679 12/29/2004 41.81
16680 12/29/2004 612.00
16681 12/29/2004 363.97
16682 12/29/2004 673.94
16683 12/29/2004 886.46
16684 12/29/2004 1,133.64
16685 12/29/2004 600.18
16686 12/29/2004 2,595.75
16687 12/29/2004 3,772.61
16688 12/29/2004 954.25
16689 12/29/2004 31.42
16690 12/29/2004 2,490.00
16691 12/29/2004 406.51
16692 12/29/2004 793.50
16693 12/29/2004 2,835.00
16694 12/29/2004 92.38
16695 12/29/2004 132.32
16696 12/29/2004 810.49
16697 12/29/2004 9,415.00
16698 12/29/2004 99.23
16699 12/29/2004 13,852.30
16700 12/29/2004 92.30
16701 12/29/2004 750.00
16702 12/29/2004 4,319.75
16703 12/29/2004 2,497.45
16704 12/29/2004 527.39
16705 12/29/2004 104.00
16706 12/29/2004 38.25
16707 12/29/2004 162.77
16708 12/29/2004 120.05
16709 12/29/2004 1,750.22
16710 12/29/2004 1,973.28
16711 12/29/2004 124.56
16712 12/29/2004 15.86
ARCHER CREEK
OUTSTANDING CHECKS
CASE NO. 04-67606
CHECK DATE OUTSTANDING
16713 12/29/2004 52.02
16714 12/29/2004 21.00
16715 12/29/2004 70.98
16717 12/29/2004 193.24
16718 12/29/2004 1,082.63
16719 12/29/2004 42.14
16720 12/29/2004 151.78
16721 12/29/2004 219.44
16722 12/29/2004 93.00
16723 12/29/2004 18.71
16724 12/29/2004 694.20
16725 12/29/2004 1,277.10
16726 12/29/2004 7,287.50
16727 12/29/2004 317.00
16728 12/29/2004 6.50
16729 12/29/2004 900.00
16730 12/29/2004 170.15
16731 12/29/2004 84.99
16732 12/29/2004 37.09
16733 12/29/2004 5.00
16734 12/29/2004 66.60
16735 12/29/2004 50.00
16736 12/29/2004 50.00
16737 12/29/2004 27,137.31
16738 12/29/2004 65,055.00
16739 12/29/2004 226,500.00
16742 12/29/2004 32.41
16743 12/29/2004 9,024.50
16744 12/29/2004 3,701.67
16745 12/29/2004 19,191.10
16746 12/29/2004 24,675.00
16747 12/29/2004 747.00
16748 12/29/2004 667.82
16749 12/29/2004 13,000.00
------------
$632,685.84
INTERMET CORPORATION AND SUBSIDIARIES PERIOD ENDED 12/31/2004
MONTHLY CASH STATEMENT
CASH ACTIVITY ANALYSIS:
CASE # 04-67606
LYNCHBURG FOUNDRIES - RADFORD FOUNDRY
--------------------------------------------------------------------------------------------------
AP PR (HOURLY)
ACCOUNT TYPE LOCKBOX 77307 DEPOSITORY 2770716419 2770716401 PR (SALARY) TOTAL
ACCOUNT # 1599413 5401086474 Standard Standard 2770716708
BANK Bank One Standard Federal Federal - Inactive Federal - Inactive Standard Federal
BEGINNING BANK BALANCE - - - - - -
RECEIPTS 294 - - - - -
TRANSFERS IN (CORPORATE) - - - - 13,101 13,101
DIP INFLOW - - - - - -
DISBURSEMENTS - - - - (13,101) (13,101)
TRANSFERS OUT (CORPORATE) (294) - - - - -
DIP REPAYMENT - - - - - -
--------------------------------------------------------------------------------------------------
ENDING BANK BALANCE - - - - - -
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: DECEMBER 31, 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: JANUARY 20, 2005 ______________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
020.84818.1 Form 6
Lynchburg Foundry, Inc.
Case Number: 04-67606
Intermet Corporation and Subsidiaries
Schedule of In-Force Insurance
INSURANCE TYPE CARRIER POLICY PERIOD
-------------- ------- -------------
Property Lloyds 11/1/04-11/1/05
Boiler/Machine Hartford 11/1/04-11/1/05
Cargo Fireman's Fund 11/1/04-11/1/05
Truck Cargo Fireman's Fund 11/1/04-11/1/05
Aviation USAIG 11/1/04-11/1/05
Fiduciary St. Paul 11/1/04-11/1/05
Primary D&O St. Paul 11/1/04-11/1/05
Excess D&O Chubb 11/1/04-11/1/05
Excess D&O Platte River 11/1/04-11/1/05
Crime AIG 12/1/04-12/1/05
General Liability ACE 12/22/04-12/22/05
Umbrella National Union 12/22/04-12/22/05
Workers' Comp ACE 12/22/04-6/22/05
Excess Workers' Comp ACE 12/22/04-12/22/05
Auto ACE 12/22/04-12/22/05
Foreign (DIC) ACE 12/22/04-12/22/05
Note: This list does not include In-Force Insurance for Foreign Subsidiaries.
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 DECEMBER 31, 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: JANUARY 20, 2005 /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 12-31-04
($000's)
CASE #04-67608
NORTHERN
CASTINGS
---------------------------------
Current Month Total Since Filing
------------- ------------------
NET SALES $ 1,282 $ 4,006
COST OF GOODS SOLD
MATERIALS AND FREIGHT 512 1,520
WAGES - HOURLY 196 608
WAGES-SALARY 80 241
EMPLOYEE BENEFITS AND PENSION 118 329
REPAIRS & Maintenance 64 159
Supplies 91 243
Utilities 134 370
Purchased Components/Services 48 111
Income(loss) from Pattern Sales (47) (117)
Fixed Asset - (gain/loss) - -
MIS Expense 11 38
Travel & Entertainment 2 3
Other Variable Costs (110) (8)
Depreciation & Amortization 44 126
Other Allocated Fixed Costs - -
Other Fixed Costs 18 52
------- -------
Cost of Goods Sold 1,161 3,675
Gross Profit 121 331
Plant SG&A Expense - -
SG&A Expense - Allocation (Sched 1) 47 141
Other Operating Expenses - -
------- -------
Total Operating Expenses 47 141
Operating Profit 74 190
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (5) (6)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) - -
------- -------
Total Non-Operating Expenses (5) (6)
Income Before Income Taxes 69 184
Income Tax Expense 1 3
------- -------
Net Income $ 68 $ 181
======= =======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs December
(Allocation of Corporate Costs to Filing Entities)
(000's)
December
--------
Officer Compensation $ 189
Salary Expense other Employees 799
Employee Benefits and Pension (23)
Payroll Taxes 39
Other Taxes 0
Rent and Lease Expense 220
Interest Expense
Insurance 36
Automobile and Truck Expense 1
Utilities(Gas Electric,Phone) 84
Depreciation 128
Travel and Entertainment 55
Repairs and Maintenance 51
Advertising/Promotion 0
Supplies, Office Expense 26
OTHER:
Contributions 0
Professional Fees - Audit/Tax 131
Bank Fees 147
Public Reporting Fees 16
Employee Relocation/Training 11
Data Processing 19
Dues and Subscriptions 11
Outside Services 114
Project Development Costs net of Billings (34)
Director Fees 25
Miscellaneous 19
Professional Fees - Bankruptcy 3,428
Cost Allocation - Out (267)
-------
$ 5,223
=======
Allocation:
Wagner Castings 177
Northern Castings 47
Ironton Iron 0
Lynchburg Foundry 179
Columbus Foundry 290
Wagner Havana 0
Intermet U.S. Holdings 241
Cast-Matic Corp. 76
Diversified Diemakers 240
Ganton Technologies 156
Tool Products 127
Intermet Corporation 3,689
-------
Total $ 5,223
=======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 12-31-04
CASE #04-67608
NORTHERN
CASTINGS
--------------
Cash And Equivalents $ 0
Accounts Receivable 1,608
Short-Term Intercompany Receivables 280
Inventories 501
Other Current Assets 3
--------
TOTAL CURRENT ASSETS 2,392
Land and Buildings 2,266
Machinery & Equipment 8,644
Construction In Progress 0
--------
Total Fixed Assets 10,910
Accumulated Depreciation (9,155)
--------
NET FIXED ASSETS 1,755
Investment In Subsidiaries 0
Investment In European Operations 0
Long-Term Intercompany Receivables 11,371
Deferred Taxes, Long-Term Asset 0
Other Assets 126
--------
TOTAL ASSETS $ 15,644
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 259
Wages and Salaries (See schedule) 47
Taxes Payable - (See schedule) 30
--------
TOTAL POST PETITION LIABILITIES 336
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 28
Accrued Workers Comp. 95
Accrued Payroll 0
Accrued Payroll Taxes
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 123
UNSECURED LIABILITIES
Accounts Payable 1,782
IDR Bonds 0
--------
TOTAL UNSECURED LIABILITIES 1,782
OTHER LIABILITIES
Accrued Liabilities 302
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
Minority Interest 0
--------
TOTAL LIABILITIES 2,543
Common Stock 0
Capital In Excess Of Par Value 1,800
Retained Earnings - Prepetition 11,120
Retained Earnings - Post Petition 181
Equity In European Operations
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
--------
TOTAL SHAREHOLDER EQUITY 13,101
TOTAL LIABILITIES AND EQUITY $ 15,644
========
PERIOD ENDED: 12-31-04 NORTHERN CASTINGS CORP. CASE #04-67608
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
11/30/04 Withheld Deposits 12/31/2004
-------- -------- -------- ----------
Income tax withheld: Federal ($ 3,673) ($ 27,537) $ 28,206 ($ 3,004)
Income tax withheld: State (1,919) (12,428) 12,916 (1,431)
Income tax withheld: Local 0 0 0 0
FICA Withheld (4,739) (24,576) 26,150 (3,165)
Employers FICA (4,698) (23,344) 24,920 (3,122)
Unemployment Tax: Federal 5,173 (1,555) 0 3,618
Unemployment Tax: State 0 0 0 0
All Other Payroll W/H 0 0 0 0
State Taxes: Inc./Sales/Use/Excise (2,497) (768) 0 (3,265)
Property Taxes (5,000) (2,500) 0 (7,500)
Workers Compensation (12,000) 0 0 (12,000)
--------- --------- ---------- ---------
Total ($ 29,352) ($ 92,708) $ 92,192 ($ 29,869)
Wages and Salaries (67,185) (27,248) 47,375 (47,058)
--------- --------- ---------- ---------
Grand Total ($ 96,537) ($119,956) $ 139,567 ($ 76,926)
========= ========= ========== =========
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 $ 258,880 $ 258,880 $ 0
Accounts Receivable $1,654,466 $1,615,061 $ 16,274 $ 23,131
INTERMET CORPORATION AND SUBSIDIARIES PERIOD ENDED 12/31/2004
MONTHLY CASH STATEMENT
CASH ACTIVITY ANALYSIS:
CASE # 04-67608
NORTHERN CASTINGS (HIBBING)
---------------------------------------------------------------------------
ACCOUNT TYPE LOCKBOX 77122 DEPOSIT AP PR (HOURLY) PR (SALARY) TOTAL
ACCOUNT # 1261483 5401086458 2770716435 2770716427 2770716682
BANK Bank One Stan. Fed. Stan. Fed. Stan. Fed. Stan. Fed.
BEGINNING BANK BALANCE - - - - - -
RECEIPTS 307,551 338,235 229 - - 646,015
TRANSFERS IN (CORPORATE) - - 364,573 250,692 67,620 682,884
DIP INFLOW - - - - - -
DISBURSEMENTS - - (364,801) (250,692) (67,620) (683,113)
TRANSFERS OUT (CORPORATE) (307,551) (338,235) - - - (645,786)
DIP REPAYMENT - - - - - -
-------- ------- --------- -------- -------- --------
ENDING BANK BALANCE - - - - - (0.00)
WIRES PAID FOR BY CORPORATE 416,301 416,301
CHECKS ISSUED 361,327
---------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 777,628
=========
OUTSTANDING CHECKS AS OF NOVEMBER 30 28,658
VOIDED CHECKS OUTSTANDING AS OF NOVEMBER -
CHECKS ISSUED IN DECEMBER 361,327
CHECK CLEARED IN DECEMBER (364,573)
---------
OUTSTANDING CHECKS AS OF DECEMBER 31 (SEE OUTSTANDING CHECKLIST) $ 25,412 $ 228.82 relates to prepetition checks cleared.
=========
NORTHERN CASTINGS CORPORATION CASE NO. 04-67608
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- --------------------------- -------------------
3 RIVERS $ 14,624.00
ADVANCED TECHNOLIGIES 8.00
AETNA 1,323.00
AIR HYDRAULICS SYSTEMS 6,170.00
AIR POWER EQUIPMENT COR 1,150.00
AIRGAS - NORTH CENTRAL 2,212.00
ALTER TRADING CORPORATI 71,500.00
AMERICAN COLLOID COMPAN 28,636.00
AMERIPRIDE LINEN & APPA 1,112.00
APPLIED IND. TECH. 914.00
B & R ENGINEERING SALES 1,851.00
BALDWIN SUPPLY, CO. 3,715.00
BARR ENGINEERING 11.00
BECKSTROM 86.00
BEHR IRON & STEEL CO. 260,000.00
BEHR SPECIALTY 3,262.00
BOB SCOFIELD TRUCKING 16,417.00
BUSINESS & LEGAL 635.00
CALUMET MACHINE 86.00
CARLSON SYSTEMS CORP. 103.00
CARPENTER BROTHERS, INC 2,335.00
CARQUEST AUTO PARTS, IN 255.00
CAST CORPORATION 1,100.00
CRI RECYCLING SERVICES 2,096.00
DISA INDUSTRIES, INC 157.00
DULUTH CLINIC 414.00
DYNAMIC AIR INC 1,593.00
ELKEM METALS, INC 44,454.27
ERICKSON LBR 34.00
FASTENAL COMPANY 136.00
FERRELLGAS 1,243.00
FULL CIRCLE IMAGE 116.00
G E CAPITAL 2,034.00
GENERAL DIESEL 195.00
GEORGE BOUGALIS (RENT) 1,200.00
GIL-MAR MANUFACTURING 24,826.00
GMP UNION 1,830.00
GRAYBAR 162.00
GREAT WESTERN 8,534.00
GUARANTEED QUALITY CLEA 1,316.00
HENDRICKSON MILTON 1,200.00
HERAEUS ELECTRO-NITE CO 2,677.00
HI TEMP INCORPORATED 3,019.00
HIBBING COMMUNITY COLLE 900.00
HOLMING COMPANY 9,226.00
HYTEST SAFETY FOOTWEAR 4,582.00
IRS 522.00
JASPER ENG. & EQUIP. CO 1,846.00
KAMAN INDUSTRIAL TECHNO 989.00
NORTHERN CASTINGS CORPORATION CASE NO. 04-67608
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- --------------------------- -------------------
LARPEN METALLURGICAL SE 1,566.00
LECO CORP 551.00
LEKATZ MIKE 1,933.00
LINA 8.00
MATHEW BENDER CO 91.00
MESABI OFFICE EQUIPMENT 507.00
METOKOTE CORPORATION 3,055.00
MIDWEST COMPUTER DEPOT, 340.00
MIDWEST MACHINE 606.00
MIELKE ELECTRIC WORKS, 732.00
MILLER AND COMPANY 30,738.06
MINNESOTA CHILD SUPPORT 9,877.00
MINNESOTA DEPT. OF REVENUE 946.00
MINNESOTA INDUSTRIES 2,062.00
MINNESOTA POWER 109,026.00
MINNESOTA SAFETY 585.00
MINNESOTA SUPPLY COMPAN 3,999.00
MINN-TECH ELECTRONICS 227.00
MISC 84.00
NORTH STAR IMAGING, INC 1,066.00
NORTHERN TECHNOLOGIES I 307.00
OCCUPATIONAL DEV. CENTE 2,087.00
OFFICE NORTH, INC. 540.00
OVERHEAD DOOR CO. OF HI 68.00
P & H MINE PRO SERVICES 280.00
PACKAGING CORPORATION O 5,051.00
PARAGON FINANCIAL GROUP 352.00
PITNEY BOWES 236.00
PRECISION REPAIR & 53.00
PROVIDENT LIFE 357.00
PUBLIC UTILITIES 10,425.00
QUICK 32.00
RADKO IRON & SUPPLY, IN 79.00
RANGE CREDIT BUREAU 51.00
RANGE STEEL FABRICATORS 2,453.00
RANGE WATER CONDITIONIN 48.00
RASK ROGER 214.00
RENTAL SERVICE CORPORAT 500.00
SAFETY-KLEEN CORP. 127.00
SECURITAS SEC SERV USA, 4,696.00
SIM SUPPLY, INC. 184.00
SMITH BRUCE 2,652.00
ST. LOUIS COUNTY 8,500.00
STEARSWOOD 2,319.00
SULLIVAN CANDY & SUPPLY 531.00
SUNRISE 31.00
TDS METROCOM 529.00
TELEPHONETICS 125.00
TOWN AND COUNTRY ELECTR 3,633.00
TOYOTA LIFT OF MN 879.00
NORTHERN CASTINGS CORPORATION CASE NO. 04-67608
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- --------------------------- -------------------
TRANSMAN 4,187.00
TRITEC OF MN. INC. 4,058.00
UNIMIN CORPORATION 4,637.50
VERIZON WIRELESS 45.00
VESUVIUS 7,132.00
VICKERS ENG. 8,128.00
W A HAMMOND DRIERITE C 237.00
WEBER MARKING SYSTEM 242.00
WEIGH RITE SCALE 170.00
WHEELABRATOR, INC. 647.00
-----------
$777,627.83
NORTHERN CASTINGS CORP
CASE NO. 04-67608
AT 12/31/04
HIBBING - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 25,412.20
Misc Reconciling Items rectified
in January (10,232.20)
-----------
15,180.00
Unadjusted GL Balance 15,180.00
-----------
Difference $ -
===========
NORTHERN CASTINGS CORP
OUTSTANDING CHECKS
CASE NO. 04-67608
CHECK DATE OUTSTANDING
- ----- ---- -----------
75592 11/18/2004 $ 14.54
75751 12/9/2004 3,633.00
75771 12/14/2004 642.13
75792 12/16/2004 1,200.00
75826 12/22/2004 8.00
75832 12/22/2004 11.18
75836 12/22/2004 1,100.00
75839 12/22/2004 11,866.25
75851 12/22/2004 30.99
75855 12/22/2004 289.00
75856 12/22/2004 12.70
75857 12/22/2004 148.25
75858 12/22/2004 280.10
75865 12/28/2004 241.54
75866 12/29/2004 146.03
75867 12/29/2004 162.49
75869 12/29/2004 2,652.00
75870 12/29/2004 1,830.00
75871 12/29/2004 1,144.00
----------
$25,412.20
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: DECEMBER 31, 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: JANUARY 20, 2005 ____________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Form 6
Northern Castings Corp.
Case Number: 04-67608
Intermet Corporation and Subsidiaries
Schedule of In-Force Insurance
INSURANCE TYPE CARRIER POLICY PERIOD
- -------------- ------- -------------
Property Lloyds 11/1/04-11/1/05
Boiler/Machine Hartford 11/1/04-11/1/05
Cargo Fireman's Fund 11/1/04-11/1/05
Truck Cargo Fireman's Fund 11/1/04-11/1/05
Aviation USAIG 11/1/04-11/1/05
Fiduciary St. Paul 11/1/04-11/1/05
Primary D&O St. Paul 11/1/04-11/1/05
Excess D&O Chubb 11/1/04-11/1/05
Excess D&O Platte River 11/1/04-11/1/05
Crime AIG 12/1/04-12/1/05
General Liability ACE 12/22/04-12/22/05
Umbrella National Union 12/22/04-12/22/05
Workers' Comp ACE 12/22/04-6/22/05
Excess Workers' Comp ACE 12/22/04-12/22/05
Auto ACE 12/22/04-12/22/05
Foreign (DIC) ACE 12/22/04-12/22/05
Note: This list does not include In-Force Insurance for Foreign Subsidiaries.
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 DECEMBER 31, 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: JANUARY 20, 2005 /s/ Robert E. Belts
-----------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- --------------
Title Phone
Internet Corp. and Subsidiaries
Operating Statement
For the Month ended 12-31-04
($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 59 177
Other Allocated Fixed Costs - -
Other Fixed Costs - -
------------- -------------
Cost of Goods Sold 59 177
Gross Profit (59) (177)
Plant SG&A Expense - -
SG&A Expense - Allocation (Sched 1) - -
Other Operating Expenses - -
------------- -------------
Total Operating Expenses - -
Operating Profit (59) (177)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (4) (12)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) - -
------------- -------------
Total Non-Operating Expenses (4) (12)
Income Before Income Taxes (63) (189)
Income Tax Expense - -
------------- -------------
Net Income ($ 63) ($ 189)
============= =============
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs December
(Allocation of Corporate Costs to Filing Entities)
(000's)
December
------------
Officer Compensation $ 189
Salary Expense other Employees 799
Employee Benefits and Pension (23)
Payroll Taxes 39
Other Taxes 0
Rent and Lease Expense 220
Interest Expense
Insurance 36
Automobile and Truck Expense 1
Utilities(Gas Electric, Phone) 84
Depreciation 128
Travel and Entertainment 55
Repairs and Maintenance 51
Advertising/Promotion 0
Supplies, Office Expense 26
OTHER:
Contributions 0
Professional Fees - Audit/Tax 131
Bank Fees 147
Public Reporting Fees 16
Employee Relocation/Training 11
Data Processing 19
Dues and Subscriptions 11
Outside Services 114
Project Development Costs net of Billings (34)
Director Fees 25
Miscellaneous 19
Professional Fees - Bankruptcy 3,428
Cost Allocation - Out (267)
------------
$ 5,223
============
Allocation:
Wagner Castings 177
Northern Castings 47
Ironton Iron 0
Lynchburg Foundry 179
Columbus Foundry 290
Wagner Havana 0
Intermet U.S. Holdings 241
Cast-Matic Corp. 76
Diversified Diemakers 240
Ganton Technologies 156
Tool Products 127
Intermet Corporation 3,689
------------
Total $ 5,223
============
Intermet Corp and Subsidiaries
Balance Sheet as of 12-31-04
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 2,676
Construction In Progress 0
------------
Total Fixed Assets 382
Accumulated Depreciation 3,887
------------
NET FIXED ASSETS 4,269
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 $ 75,502
============
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 1
IDR Bonds 0
------------
TOTAL UNSECURED LIABILITIES 1
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 64,312
Minority Interest 0
------------
TOTAL LIABILITIES 62,331
Common Stock 0
Capital In Excess Of Par Value 86,100
Retained Earnings - Prepetition (72,740)
Retained Earnings - Post Petition (189)
Equity In European Operations 0
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
------------
TOTAL SHAREHOLDER EQUITY 13,171
TOTAL LIABILITIES AND EQUITY $ 75,502
============
PERIOD ENDED: 12-31-04 SUDBURY INC. CASE #04-67613
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued/ Payments/ as of
11/30/2004 Withheld Deposits 12/31/2004
------------------------------------------------
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 12/31/2004
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 293,751 1,849 295,600
RECEIPTS 449 3 451
TRANSFERS IN (CORPORATE) - - -
DIP INFLOW - - -
DISBURSEMENTS (125) (125) (250)
TRANSFERS OUT (CORPORATE) - - -
DIP REPAYMENT - - -
-------------------------------------------------
ENDING BANK BALANCE 294,074 1,727 295,801
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: DECEMBER 31, 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: JANUARY 20, 2005 ______________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
020.84818.1 Form 6
Sudbury, Inc.
Case Number: 04-67613
Intermet Corporation and Subsidiaries
Schedule of In-Force Insurance
INSURANCE TYPE CARRIER POLICY PERIOD
-------------- ------- -------------
Property Lloyds 11/1/04-11/1/05
Boiler/Machine Hartford 11/1/04-11/1/05
Cargo Fireman's Fund 11/1/04-11/1/05
Truck Cargo Fireman's Fund 11/1/04-11/1/05
Aviation USAIG 11/1/04-11/1/05
Fiduciary St. Paul 11/1/04-11/1/05
Primary D&O St. Paul 11/1/04-11/1/05
Excess D&O Chubb 11/1/04-11/1/05
Excess D&O Platte River 11/1/04-11/1/05
Crime AIG 12/1/04-12/1/05
General Liability ACE 12/22/04-12/22/05
Umbrella National Union 12/22/04-12/22/05
Workers' Comp ACE 12/22/04-6/22/05
Excess Workers' Comp ACE 12/22/04-12/22/05
Auto ACE 12/22/04-12/22/05
Foreign (DIC) ACE 12/22/04-12/22/05
Note: This list does not include In-Force Insurance for Foreign Subsidiaries.
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 DECEMBER 31, 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: JANUARY 20, 2005 /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: DECEMBER 31, 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: JANUARY 20, 2005 ______________________________
Debtor in Possession
Form 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: DECEMBER 31, 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: JANUARY 20, 2005 ________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Form 6
SUDM, Inc.
Case Number: 04-67602
Intermet Corporation and Subsidiaries
Schedule of In-Force Insurance
INSURANCE TYPE CARRIER POLICY PERIOD
- -------------- ------- -------------
Property Lloyds 11/1/04-11/1/05
Boiler/Machine Hartford 11/1/04-11/1/05
Cargo Fireman's Fund 11/1/04-11/1/05
Truck Cargo Fireman's Fund 11/1/04-11/1/05
Aviation USAIG 11/1/04-11/1/05
Fiduciary St. Paul 11/1/04-11/1/05
Primary D&O St. Paul 11/1/04-11/1/05
Excess D&O Chubb 11/1/04-11/1/05
Excess D&O Platte River 11/1/04-11/1/05
Crime AIG 12/1/04-12/1/05
General Liability ACE 12/22/04-12/22/05
Umbrella National Union 12/22/04-12/22/05
Workers' Comp ACE 12/22/04-6/22/05
Excess Workers' Comp ACE 12/22/04-12/22/05
Auto ACE 12/22/04-12/22/05
Foreign (DIC) ACE 12/22/04-12/22/05
Note: This list does not include In-Force Insurance for Foreign Subsidiaries.
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 DECEMBER 31, 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: JANUARY 20, 2005 /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 12-31-04
($000's)
CASE # 04-67610
TOOL
PRODUCTS, INC.
-------------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales $ 4,544 $ 14,336
Cost of Goods Sold
Materials and Freight 815 2,884
Wages - Hourly 1,021 3,097
Wages-Salary 205 696
Employee Benefits and Pension 531 1,443
Repairs & Maintenance 14 218
Supplies 211 521
Utilities 221 625
Purchased Components/Services 974 2,847
Income(loss) from Pattern Sales (1) -
Fixed Asset - (gain/loss) - -
MIS Expense 16 63
Travel & Entertainment 6 22
Other Variable Costs 131 207
Depreciation & Amortization 207 551
Other Allocated Fixed Costs - -
Other Fixed Costs 55 158
---------- ----------
Cost of Goods Sold 4,406 13,332
Gross Profit 138 1,004
Plant SG&A Expense (37) 179
SG&A Expense - Allocation (Sched 1) 127 381
Other Operating Expenses 3 3
---------- ----------
Total Operating Expenses 93 563
Operating Profit 45 441
Outside Interest Income - -
Outside Interest (Expense) 3 (7)
Intercompany Interest Income - -
Intercompany Interest (Expense) (63) (188)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) - -
---------- ----------
Total Non-Operating Expenses (60) (195)
Income Before Income Taxes (15) 246
Income Tax Expense 3 10
---------- ----------
Net Income ($ 18) $ 236
========== ==========
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs December
(Allocation of Corporate Costs to Filing Entities)
(000's)
December
----------
Officer Compensation $ 189
Salary Expense other Employees 799
Employee Benefits and Pension (23)
Payroll Taxes 39
Other Taxes 0
Rent and Lease Expense 220
Interest Expense
Insurance 36
Automobile and Truck Expense 1
Utilities(Gas Electric,Phone) 84
Depreciation 128
Travel and Entertainment 55
Repairs and Maintenance 51
Advertising/Promotion 0
Supplies, Office Expense 26
OTHER:
Contributions 0
Professional Fees - Audit/Tax 131
Bank Fees 147
Public Reporting Fees 16
Employee Relocation/Training 11
Data Processing 19
Dues and Subscriptions 11
Outside Services 114
Project Development Costs net of Billings (34)
Director Fees 25
Miscellaneous 19
Professional Fees - Bankruptcy 3,428
Cost Allocation - Out (267)
----------
$ 5,223
==========
Allocation:
Wagner Castings 177
Northern Castings 47
Ironton Iron 0
Lynchburg Foundry 179
Columbus Foundry 290
Wagner Havana 0
Intermet U.S. Holdings 241
Cast-Matic Corp. 76
Diversified Diemakers 240
Ganton Technologies 156
Tool Products 127
Intermet Corporation 3,689
----------
Total $ 5,223
==========
PERIOD ENDED: 12-31-04 TOOL PRODUCTS, INC. (JACKSON) CASE #04-67610
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
11/30/2004 Withheld Deposits 12/31/2004
-------------------------------------------------------
Income tax withheld: Federal ($ 21,046) ($ 46,713) $ 52,958 ($ 14,801)
Income tax withheld: State 0 0 0 0
Income tax withheld: Local 0 0 0 0
FICA Withheld (14,985) (32,688) 37,644 (10,029)
Employers FICA (14,985) (32,688) 37,644 (10,029)
Unemployment Tax: Federal (1,651) (293) 0 (1,944)
Unemployment Tax: State (1,835) (863) 0 (2,698)
All Other Payroll W/H (264) (11,914) 11,914 (264)
State Taxes: Inc./Sales/Use/Excise (6,000) (3,000) 6,000 (3,000)
Property Taxes 53,063 (53,063) 0 0
Workers Compensation (4,962) (20,000) 0 (24,962)
-------------------------------------------------------
Total ($ 12,664) ($ 201,223) $ 146,159 ($ 67,728)
Wages and Salaries (101,668) (45,716) 75,777 (71,608)
-------------------------------------------------------
Grand Total ($ 114,332) ($ 246,940) $ 221,936 ($ 139,335)
=======================================================
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 ($ 295,931) ($ 295,931) $ 0 $ 0
Accounts Receivable $2,186,871 $1,536,129 $ 238,410 $ 412,332
PERIOD ENDED: 12-31-04 TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE #04-67610
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
11/30/04 Withheld Deposits 12/31/04
-------------------------------------------------------
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
State Taxes: Inc./Sales/Use/Excise $ 0 $ 0 $ 0 $ 0
Property Taxes ($ 21,151) ($ 9,802) $ 0 ($ 30,952)
Workers Compensation ($ 24,500) ($ 56,684) $ 4,423 ($ 76,761)
-------------------------------------------------------
Total ($ 45,651) ($ 66,486) $ 4,423 ($ 107,713)
Wages and Salaries ($ 144,970) $ 40,526 $ 104,444 $ 0
-------------------------------------------------------
Grand Total ($ 190,621) ($ 25,960) $ 108,868 ($ 107,713)
=======================================================
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 $ 685,108 $ 676,741 $ 8,367 $ 0
Accounts Receivable $5,511,215 $3,211,076 $1,424,527 $ 875,612
INTERMET CORPORATION AND SUBSIDIARIES PERIOD ENDED 12/31/2004
MONTHLY CASH STATEMENT
CASH ACTIVITY ANALYSIS:
CASE # 04-67610
TOOL PRODUCTS, INC (JACKSON)
------------------------------------------------------------------------------------
ACCOUNT TYPE LOCKBOX 672984 LOCKBOX 77881 AP PR
ACCOUNT # 1851811321 363168104 2176982870 2176983068
BANK Comerica Bank One - Inactive Comerica Comerica TOTAL
BEGINNING BANK BALANCE - - - - -
RECEIPTS 1,007,648 - 0 - 1,007,648
TRANSFERS IN (CORPORATE) - - 690,324 152,569 842,894
DIP INFLOW - - - - -
DISBURSEMENTS - - (690,324) (152,569) (842,894)
TRANSFERS OUT (CORPORATE) (1,007,648) - - - (1,007,648)
DIP REPAYMENT - - - - -
------------------------------------------------------------------------------------
ENDING BANK BALANCE - - 0.00 - 0.00
WIRES PAID FOR BY CORPORATE 787,389 357,741 1,145,130
CHECKS ISSUED 622,149
-----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 1,409,538
===========
OUTSTANDING CHECKS AS OF NOVEMBER 30 111,907
VOIDED CHECKS OUTSTANDING AS OF NOVEMBER (756)
CHECKS ISSUED IN DECEMBER 622,149
CHECK CLEARED IN DECEMBER (690,324)
-----------
OUTSTANDING CHECKS AS OF DECEMBER 31 (SEE OUTSTANDING CHECKLIST) $ 42,975
===========
TOOL PRODUCTS, INC. (JACKSON) CASE NO. 04-67610
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- ---------------------------------------------------------------------------
ADVANCED METAL PRODUCTS $ 356.25
ADVANTAGE ELECTRONICS 246.74
AH ASSOCIATES 3,200.00
AIRGAS SOUTH 3,930.43
ALCAN PRIMARY PRODUCTS CORP. 349,429.60
ALCHEM ALUMINUM, INC. 384,780.00
AMCOR 270.00
AVAYA 466.24
B & B FIRE PROTECTION 289.58
B & B TOOL AND DIE COMPANY INC 84,880.00
BELLSOUTH 1,093.41
BERTELKAMP AUTOMATION, INC. 1,114.90
BLUFF CITY ELECTRONICS 796.07
BUHLER INC 1,263.64
BUTTS FOODS 2,550.00
CANON FINANCIAL SERVICES, INC. 1,017.38
CAPP 1,083.87
CHAPTER 13 TRUSTEE 5,677.13
CHEM TREND INCORPORATED 14,683.84
CIRCUIT COURT 88.10
CITY OF JACKSON 22,388.55
CLIFTON, KRISTIE 860.31
CONTRA COSTA 380.00
CRANE SERVICE INC 2,139.00
CUPPLES J&J FAB SHOP 5,840.00
CUSTOM MOLD 527.98
D M E CORP 1,970.79
DANKA INDUSTRIES INC 579.93
DEPT. OF HUMAN SERVICES 894.18
DIEMER ASSOCIATES INC 969.26
DIMETEK INTERNATIONAL INC 900.00
DOUBLETREE HOTEL 6,140.35
DRS BURNETT & BURNETT 15.00
ENGINEERED PRODUCTS DIVIS 9,769.38
FERRELL GAS 729.31
FISHER SCIENTIFIC 40.66
FLOZONE SERVICES INC 4,724.00
FORBERG SCIENTIFIC 751.13
FRANKLIN ELECTROFLUID CO 298.20
FUGITT RUBBER AND SUPPLY CO 2,646.09
G & H INDUSTRIES 1,025.43
GENERAL SESSIONS COURT HAYWOOD 703.28
GOLDEN KEY REALTORS 650.00
GORDON PETERS 1,886.41
GRAVES METAL PRODUCTS, INC. 437.82
GRIFFIN TOOL 29,533.32
H C I SUPPLY INC. 8,717.85
HI TEMP PRODUCTS INC 4,260.75
HILDRETH 2,828.24
TOOL PRODUCTS, INC. (JACKSON) CASE NO. 04-67610
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- ---------------------------------------------------------------------------
HUB CITY BLUEPRINT & SUPPLY CO 65.15
I SQUARED R ELEMENT CO., INC. 1,022.86
INDUSTRIAL GYPSUM 370.00
INDUSTRIAL LUBRICANTS, INC. 683.50
INTEGRATED SALES & ENGINEERING 8,002.38
JACKSON COMMUNICATIONS 49.39
JACKSON ENERGY AUTHORITY 82,313.72
JENNIFER CHERRY 29.62
JIT FORMS 1,247.90
JONES, GRADY W.-CO. OF MEMPHIS 1,500.00
KOBOLD INSTRUMENTS 1,069.41
L & S PRECISION TOOL 3,899.00
L&H SUPPLY CO INC 4,189.15
LAB SAFETY SUPPLY INC 89.40
LINE PRECISION INC. 8,596.00
LOWE'S COMPANIES 202.95
M & I MACHINE 3,487.50
Machine Tool & Supply (JKSN) 1,403.82
MACK PEST CONTROL 140.00
MADISON ELECTRIC SERVICE 962.38
MADISON FARMERS COOP 478.62
MADISON FINISHING INC 52,300.00
MARCUS HEATING 623.30
MARTIN INDUSTRIAL 3,502.07
MCMASTER CARR SUPPLY CO 1,779.95
METALLICS SYSTEMS CO. L.P. 1,023.00
METALLURG ALUMINUM 5,000.00
MIDVALE INDUSTRIES INC 5,160.00
MIRSA CORPORTION 3,000.00
MOLTEN METAL EQUIP. INNOVATION 1,077.00
MTRONICS.COM INCORPORATED 108,000.00
NATIONAL ELEMENT 4,183.20
NORTHSIDE MEDICAL CLINC 702.00
OMEGA ENGINEERING INC 187.95
PARAMOUNT UNIFORM RENTAL 1,461.66
PAT WALKER PETTY CASH 1,055.78
PENNSYLVANIA STATE CHILD SUPPORT 535.40
PRECISION MACH PRODUCTS 31,252.62
PRECISION TOOL 1,940.00
PROCESS & POWER INC 714.97
PROGRESSIVE MACHINE TOOL & DIE 56.25
PYROTEK, INC. 18,672.66
RIMROCK CORP 1,060.95
ROLLIN' DJ ENTERTAINMENT CO. 400.00
SHERRY CHURCH 118.79
SPAN AMERICA INC 2,500.00
SPECTRUM FINISHING 4,830.48
SPRINT 135.08
STRIKO DYNARAD CORPORATION 1,067.65
TOOL PRODUCTS, INC. (JACKSON) CASE NO. 04-67610
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- ---------------------------------------------------------------------------
SUPERIOR FIRE PROTECTION 225.00
SYSTEMS UNLIMITED 268.50
TEC ENVIRONMENTAL LABORATORIES 645.00
TENNESSEE CHILD SUPPORT 3,875.74
THE ROYAL GROUP 4,571.98
TRANSFAIR INC. 6,235.00
TRANSMAN 38,801.00
UNITED SAW AND SUPPLY CO 450.80
VERIZON WIRELESS 959.41
WEST TENNESSEE COFFEE SERVICE 495.24
WILSON TOOL AND DIE, INC. 8,475.00
ZYP COATINGS INC. 2,567.00
-------------
$1,409,537.58
TOOL PRODUCTS, INC.
CASE NO. 04-67610
AT 12/31/04
JACKSON - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 42,975.38
Misc Reconciling Items rectified in January 196.80
----------
43,172.18
Unadjusted GL Balance 43,172.18
----------
Difference $ -
==========
JACKSON
OUTSTANDING CHECKS
CASE NO. 04-67610
CHECK DATE OUTSTANDING
19831 10/26/2004 $ 692.00
20042 11/24/2004 330.89
20217 12/15/2004 682.32
20222 12/15/2004 623.30
20225 12/15/2004 234.00
20252 12/22/2004 177.50
20255 12/22/2004 409.00
20266 12/22/2004 95.00
20267 12/22/2004 679.66
20279 12/22/2004 49.39
20282 12/22/2004 1,868.75
20286 12/22/2004 36,000.00
20290 12/22/2004 534.98
20297 12/22/2004 598.59
-----------
$ 42,975.38
INTERMET CORPORATION AND SUBSIDIARIES PERIOD ENDED 12/31/2004
MONTHLY CASH STATEMENT
CASH ACTIVITY ANALYSIS:
CASE # 04-67610
TOOL PRODUCTS - MINNEAPOLIS
----------------------------------------------------------------------------
ACCOUNT TYPE LOCKBOX 672990 DEPOSIT AP PR
ACCOUNT # 1851811339 104756210449 2176982920 2176983076
BANK Comerica US Bank Comerica Comerica TOTAL
BEGINNING BANK BALANCE - - - - -
RECEIPTS 5,726,488 79,290 - - 5,805,778
TRANSFERS IN (CORPORATE) - - 1,268,063 109,529 1,377,592
DIP INFLOW - - - - -
DISBURSEMENTS - (440) (1,268,063) (109,529) (1,378,033)
TRANSFERS OUT (CORPORATE) (5,726,488) (71,156) - - (5,797,644)
DIP REPAYMENT - - - - -
----------------------------------------------------------------------------
ENDING BANK BALANCE - 7,694 - - 7,694
WIRES PAID FOR BY CORPORATE 953,836 684,983 1,638,819
CHECKS ISSUED 1,278,373
----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $2,232,209
==========
OUTSTANDING CHECKS AS OF NOVEMBER 30 78,976
VOIDED CHECKS OUTSTANDING AS OF NOVEMBER (2,374)
CHECKS ISSUED IN DECEMBER 1,278,373
CHECK CLEARED IN DECEMBER (1,268,044) Includes $ 18.95 of other EFT
----------
OUTSTANDING CHECKS AS OF DECEMBER 31 (SEE OUTSTANDING CHECKLIST) 86,931
==========
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- ----------------------------------------------------------------------------
A FINKL & SONS CO $ 62,268.45
A&C METALS-SAWING INC 2,359.42
ACCUMARK, INC. 260.44
ACTIVAR INDUSTRIAL PLASTICS 304.63
ADAMS NUT & BOLT COMPANY 740.75
ADVANTAGE ENG. 363.70
AIRPORT & AIRLINE TAXI-CAB 108.40
ALERT FIRE & SAFETY CO 1,546.74
APPLIED PRODUCTS, INC. 311.81
ARROW CRYOGENICS 26,898.61
ASSOCIATED BAG COMPANY 416.36
AT&T 220.29
AUTOMATED FINISHING INC 60.50
AUTOMATION SENSORS INC 1,185.11
AVTEC FINISHING SYSTEMS,INC. 61.88
BANN FORMS TECHNOLOGY 794.63
BARNES DISTRIBUTION 70.81
BODYCOTE TAUSSIG INC. 860.00
BOHLER UDDEHOLM CORP 145.88
BRAAS COMPANY 1,200.06
BRAUN INTERTEC 94.00
BROWNING & FERRIS 1,158.26
BUHLER INC 3,503.25
C & H DISTRIBUTOR,INC. 918.22
C.P. VICTOR H. LOPEZ 300.00
CAD/CAM 3,780.00
CADD/ENGINEERING SUPPLY, INC. 108.50
CARBON PRODUCT TECHNOLOGY 2,667.25
CASTOOL 650.00
CENTERPOINT ENERGY MARKETING 73,298.92
CENTRAL CONTAINER CORP 42,651.74
CERTIFIED POWER INC 217.48
CHECKER MACHINE 147.00
CHEM TREND LIMITED PARTNERSHIP 39,557.71
CINCINNATI TEST SYSTEMS, INC 899.26
CINDY MANCUSO 78.35
CITY OF NEW HOPE 5,961.12
CONCEPT MACHINE TOOL 96.86
CON-WAY CENTRAL EXPRESS 125.23
CROWLEY & ASSOCIATES 8,866.27
CULLIGAN METRO 401.00
DADANT & SONS, INC 553.56
DARRELL SCHULTZ 35.00
DAVE ALEXANDER 22.50
DECO TOOL SUPPLY COMPANY 2,464.15
DEPARTMENT OF SOCIAL SERVICES 188.05
DIEMER ASSOCIATES INC 16,540.44
DOALL TWIN CITIES CO 162.63
DOSATRON INCORP 72.95
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- -------------------------------------------------------------------------------
DUNCAN COMPANY 886.33
DWAYNE VOSS 783.77
DYNAMEX 398.20
ECO FINISHING 1,982.96
EDM SALES & SUPPLIES 10,661.85
EDM TECH CENTER 477.58
EDP ENGINEERING GROUP 70,342.87
EMPLOYERS ASSOCIATION 3,082.58
ENGINEERED FINISHING CORP. 6,362.55
ENGINEERED PRODUCTS DIVIS 33,619.13
ENTEGEE/ADVANCE POSSIS 10,395.95
FAMILY SUPPORT PAYMENT CENTER 252.70
FASTENAL COMPANY 6,835.73
FED EX FREIGHT 1,668.84
FEDEX 942.95
FEDEX FREIGHT EAST 5,981.63
FERRELLGAS 1,463.79
FIREBRICK ENGINEERING 1,635.21
FLAME METALS PROCESSING 30.00
FOUR SEASONS FLORAL & GIFTS 237.70
FRANKLIN QUEST CO 33.21
FRED FROELICH 3,886.22
FRISBY P.M.C. 626.88
GARLANDS INC 197.59
GENERAL ELECTRIC CAPITAL 30,806.55
GERARD DUNNE 185.00
GRAYBAR ELECTRIC 114.02
H. R. PETERSON CO. 287.76
HARBOR FREIGHT TOOLS 134.99
HARD CHROME INC 2,650.00
HARTFIEL COMPANY 62.88
HELP SYSTEMS INC 1,762.62
HILDRETH 2,008.75
HOLIDAY 1,687.52
HOSE/CONVEYORS INCORPORATED 1,283.94
IBM LIMITED SPECIAL BILLING 9.00
IKON FINANCIAL SERVICES 3,442.39
IKON OFFICE SOLUTIONS 579.23
IMPRINT ENTERPRISES 263.12
INDUSTRIAL FLOOR MAINT 120.88
INDUSTRIAL HYDRAULIC SERVICE 3,703.36
INDUSTRIAL POWER SALES 571.28
INLAND PAPERBOARD & PKG, INC. 9,657.50
INTEGRA TELECOM 2,878.37
INTEGRATED SALES & ENGINEERING 5,912.12
INTERNAL REVENUE SERVICE 1,665.34
INTERNET INC. 286.40
J & W INSTRUMENTS, INC. 1,173.75
JEFF JOHNSON 635.73
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- -------------------------------------------------------------------------------
JERRY KAYE 900.00
JESCO INDUSTRIAL SUPPLIES 470.60
JESKA TECHNICAL SERVICE, INC 1,850.00
JIM SANDELL 91.01
JOHN HENRY FOSTER CO 259.80
JOHN PETERZEN 21.24
KEITH WINTER 931.03
KEVIN HEIMANN 172.00
KHOU LO 54.67
KIRSTEN MULARKY 400.00
KURT MANUFACTURING COMPANY 163,705.77
LAB SAFETY SUPPLY INC 71.51
LAKELAND ENG 55.90
LAKEVIEW POLISHING 11,485.00
LARRY SCHWEBACH 601.01
LEEF BROS INC 7,956.89
LIBERTY MUTUAL INSURANCE GROUP 4,462.90
LOFTEN LABEL, INC. 383.85
LUBE TECH 2,616.47
M & M HYDRAULIC CO 2,162.22
MAKRITE PARTS 350.00
MANPOWER 1,666.74
MARODI INC 2,638.33
MARTIN CALIBRATION 2,515.75
MATT HANKEN 403.25
MAZAK CORPORATION 191.25
MCMASTER CARR SUPPLY CO 1,855.99
MESSERLI & KRAMER 1,289.84
METAL MECHANICS 57.36
METAL TREATERS INC 5,578.55
METALMATIC 32,026.08
MICHAEL DAHLEN 42.56
MICRON INSP & CALIBRATION SER 40.00
MICRO-WELD 4,790.00
MID STATE FABRICATING INC 94.10
MIDWEST MACHINE TOOL 2,537.33
MINDAK DISTRIBUTING 228.11
MINN CHILD SUPPORT PAYMENT CTR 10,068.65
MINNESOTA DEPT OF REVENUE 5,717.00
MINNESOTA DEPT OF REVENUE 540.59
MINNESOTA ELECTRICAL ASSOC (224.00)
MINNESOTA GLOVE INC 326.97
NADCA 175.00
NANCY MICKELSON 83.76
NEW DIMENSION PLATING 7,652.52
NORANDA ALUMINUM 98,273.94
NORTH SECOND STREET STEEL 2,655.09
NORTHERN SANITARY SUPPLY 1,386.75
NOTT CO. 45.46
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- -------------------------------------------------------------------------------
NOVOTECHNIK U.S. INC 978.88
OCCUPATIONAL MEDICINE 382.50
OSI ENVIRONMENTAL 5,733.70
P & H SERVICES INC. 1,009.90
P F C EQUIPMENT 287.44
PAM'S POLISHING 8,320.00
PARAGON TECHNOLOGIES 1,252.95
PAUL KARNOWSKI 695.83
PERSONNEL RESEARCH SERVICES 473.00
PETTY CASH 548.20
PHELPS ASSOCIATES 1,719.45
PHYGEN, INC. 938.53
PIONEER METAL FINISHING 8,385.83
PIRTEK PLYMOUTH 970.52
PITNEY BOWES INC 204.48
POLCO METAL FINISHING INC 342.81
POSTAGE BY PHONE CMRS-PB 2,500.00
POWDER TECH 9,496.04
PRECISION POLISHING 11,284.00
PRECISION TOOL CO. 372.08
PRODUCTIVITY INC 846.69
PROGRESSIVE COMPONENTS 1,982.78
PROGRESSIVE ENGINEERING 1,929.80
PROLIFT SERVICES, INC 1,608.78
PYROTEK 913.01
QUAD STEEL 8,075.00
QUEST ENGINEERING INC 1,242.26
QWEST DEX MEDIA EAST LLC 34.80
R E PURVIS & ASSOCIATES 64.86
REID TOOL SUPPLY 30.71
RELIASTAR BANKERS 1,607.65
RELIASTAR LIFE INSURANCE CO. 4,814.29
REPLENEX (A-1 CUTTING TOOLS) 208.07
RICE INDUSTRIES 6,829.36
RICHARD DAMMAR 192.32
RICK KRAMBER 105.06
RIMROCK CORP 17,010.52
RIVER CITY PACKAGING 1,888.80
S & T OFFICE PRODUCTS INC 1,352.32
S.W.ANDERSON 642.60
SAM'S CLUB 315.67
SAVOIE SUPPLY CO. INC. 5,133.72
SBC PAGING 44.84
SETON IDENTIFICATION PRODUCTS 103.07
SPECTRO ALLOYS CORP 754,728.00
SPECTRO ANALYTICAL 1,060.00
SPECTRUM FINISHING 4,395.36
SPECTRUM INDUSTRIES 3,639.90
SPHERION 87,093.52
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- ------------------------------------------------------------------------------
SPIRIT TOOL & DIE 4,246.34
SPIROL INTERNATIONAL CORP 647.66
SPRAY RITE INC 20,415.35
STAR TRIBUNE 480.00
STERLING INC. 496.15
STEVE GROTKIN 10,740.66
STORK-TWIN CITY TESTING CORP 330.00
STRYKO DYNARAD CORPORATION 538.73
SUB-MEX 73,989.72
TEXTRON FASTENING SYSTEMS 5,918.90
THOMAS ZAGER 114.17
TILSNER CARTON CO. 10,284.95
TOLL COMPANY 2,950.69
TOOLING ASSOCIATES 1,385.55
TOSHIBA MACHINE COMPANY 822.18
TOTAL TOOL SUPPLY 502.50
TOYOTA-LIFT OF MINNESOTA 292.59
TRANS-MAN LOGISTICS, INC. 40,956.64
TRIUS MANUFACTURING 966.49
TROUT ENTERPRISES, INC. 1,311.00
TRU-TONE FINISHING 3,793.50
TULL BEARINGS CO 3,770.57
UNITED ELECTRIC CORP 9,676.51
UNITED STATES TREASURY 125.00
UNUM LIFE INS. CO. OF AMERICA 916.09
UNUM LIFE INSURANCE CO. OF AMERICA 6,990.28
VALMONT/APPLIED COATING TECH. 45,233.08
VEKTEK INC 12,781.94
VERIZON WIRELESS 286.60
VERSA IRON & MACHINE 1,107.00
W W GRAINGER INC 706.88
WALTER HAMMOND CO 757.82
WEST WELD 418.19
WESTMAN SERVICE 640.00
WEYERHAEUSER 80.00
WILLIAM THONI 330.20
WIRE WORX 14,725.00
WISCONSIN SCTF 252.50
XCEL ENERGY 65,818.64
YALE INSPECTION SERVICES 593.20
---------------
$ 2,232,208.90
TOOL PRODUCTS, INC.
CASE NO. 04-67610
AT 12/31/04
MINNEAPOLIS - BANK RECONCILIATION
Bank Balance -
Actual Outstanding Checks $ 86,931.23
Unadjusted GL Balance 86,931.23
---------------
Difference $ -
===============
TOOL PRODUCTS, INC.
CASE NO. 04-67610
MINNEAPOLIS
OUTSTANDING CHECK LIST
CASE NO. 04-67610
CHECK DATE OUTSTANDING
451298 10/12/2004 $ 360.90
451669 11/4/2004 100.00
451757 11/8/2004 271.85
451812 11/11/2004 500.00
451837 11/11/2004 96.34
451855 11/15/2004 124.74
451863 11/16/2004 124.08
451941 11/18/2004 395.00
452020 11/30/2004 79.05
452035 12/2/2004 60.50
452042 12/2/2004 1,982.96
452068 12/3/2004 192.32
452086 12/3/2004 403.25
452118 12/3/2004 175.00
452162 12/3/2004 593.20
452188 12/8/2004 105.53
452255 12/9/2004 114.01
452259 12/9/2004 160.37
452283 12/15/2004 387.07
452288 12/15/2004 145.88
452296 12/16/2004 25.00
452309 12/16/2004 10,740.66
452330 12/16/2004 290.00
452333 12/16/2004 35.00
452354 12/17/2004 163.98
452358 12/20/2004 106.69
452365 12/21/2004 1,046.99
452366 12/21/2004 1,158.51
452371 12/21/2004 406.30
452374 12/21/2004 2,667.25
452391 12/21/2004 9.00
452400 12/21/2004 350.00
452402 12/21/2004 57.36
452410 12/21/2004 143.72
452415 12/21/2004 230.00
452429 12/21/2004 1,385.55
452433 12/21/2004 25.00
452435 12/21/2004 535.57
452439 12/21/2004 900.00
452441 12/22/2004 682.49
452444 12/22/2004 186.66
452447 12/22/2004 500.00
452453 12/22/2004 2,350.00
452457 12/22/2004 1,107.00
452458 12/22/2004 71.11
452459 12/27/2004 264.10
452460 12/27/2004 10,661.85
452465 12/27/2004 4,786.12
TOOL PRODUCTS, INC.
CASE NO. 04-67610
MINNEAPOLIS
OUTSTANDING CHECK LIST
CASE NO. 04-67610
CHECK DATE OUTSTANDING
452469 12/27/2004 143.72
452470 12/27/2004 1,540.00
452471 12/27/2004 601.46
452474 12/27/2004 141.19
452475 12/27/2004 152.00
452479 12/28/2004 1,350.00
452480 12/28/2004 8.47
452481 12/28/2004 3,249.48
452482 12/28/2004 323.83
452483 12/28/2004 224.79
452484 12/28/2004 114.01
452485 12/28/2004 494.93
452486 12/29/2004 217.48
452487 12/29/2004 259.70
452488 12/29/2004 75.46
452489 12/29/2004 228.11
452490 12/29/2004 45.46
452491 12/29/2004 4.56
452492 12/29/2004 693.20
452493 12/29/2004 77.05
452494 12/30/2004 438.10
452495 12/30/2004 3,780.00
452496 12/30/2004 770.00
452497 12/30/2004 179.44
452498 12/30/2004 37.61
452500 12/30/2004 9,067.57
452501 12/30/2004 50.54
452502 12/30/2004 130.94
452503 12/30/2004 212.58
452504 12/30/2004 53.51
452505 12/30/2004 3,886.22
452506 12/30/2004 156.43
452507 12/30/2004 40.00
452508 12/30/2004 71.51
452510 12/30/2004 1,289.84
452511 12/30/2004 390.00
452512 12/30/2004 2,187.77
452513 12/30/2004 113.53
452514 12/30/2004 840.00
452515 12/30/2004 8.48
452516 12/30/2004 157.94
452517 12/30/2004 647.94
452518 12/30/2004 229.95
452519 12/30/2004 10.02
452520 12/30/2004 2,223.36
452521 12/30/2004 579.30
452522 12/30/2004 1,688.50
452523 12/30/2004 25.00
452524 12/30/2004 50.50
452525 12/30/2004 411.79
-----------
$ 86,931.23
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: DECEMBER 31, 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: JANUARY 20, 2005 ___________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Form 6
Tool Products, Inc.
Case Number: 04-67610
Intermet Corporation and Subsidiaries
Schedule of In-Force Insurance
INSURANCE TYPE CARRIER POLICY PERIOD
-------------- ------- -------------
Property Lloyds 11/1/04-11/1/05
Boiler/Machine Hartford 11/1/04-11/1/05
Cargo Fireman's Fund 11/1/04-11/1/05
Truck Cargo Fireman's Fund 11/1/04-11/1/05
Aviation USAIG 11/1/04-11/1/05
Fiduciary St. Paul 11/1/04-11/1/05
Primary D&O St. Paul 11/1/04-11/1/05
Excess D&O Chubb 11/1/04-11/1/05
Excess D&O Platte River 11/1/04-11/1/05
Crime AIG 12/1/04-12/1/05
General Liability ACE 12/22/04-12/22/05
Umbrella National Union 12/22/04-12/22/05
Workers' Comp ACE 12/22/04-6/22/05
Excess Workers' Comp ACE 12/22/04-12/22/05
Auto ACE 12/22/04-12/22/05
Foreign (DIC) ACE 12/22/04-12/22/05
Note: This list does not include In-Force Insurance for Foreign Subsidiaries.
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 DECEMBER 31, 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: JANUARY 20, 2005 /s/ Robert E. Belts
---------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- --------------
Title Phone
Intermet Corp. and Subsidiaries CASE #04-67614
Operating Statement WAGNER
For the Month Ended 12-31-04 CASTINGS
($000's) --------------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales $ 4,891 $ 15,426
Cost of Goods Sold
Materials and Freight 1,353 4,492
Wages - Hourly 716 2,185
Wages-Salary 420 1,357
Employee Benefits and Pension 1,343 4,598
Repairs & Maintenance 171 604
Supplies 257 778
Utilities 506 1,252
Purchased Components/Services 714 2,207
Income(loss) from Pattern Sales (22) (42)
Fixed Asset - (gain/loss) - -
MIS Expense 41 136
Travel & Entertainment 1 6
Other Variable Costs 628 660
Depreciation & Amortization 356 1,048
Other Allocated Fixed Costs - -
Other Fixed Costs 172 479
--------- ---------
Cost of Goods Sold 6,656 19,760
Gross Profit (1,765) (4,334)
Plant SG&A Expense 13 59
SG&A Expense - Allocation (Sched 1) 177 531
Other Operating Expenses - (5)
--------- ---------
Total Operating Expenses 190 585
Operating Profit (1,955) (4,919)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (49) (140)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) - 2
--------- ---------
Total Non-Operating Expenses (49) (138)
Income Before Income Taxes (2,004) (5,057)
Income Tax Expense - -
--------- ---------
Net Income ($ 2,004) ($ 5,057)
========= =========
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs December
(Allocation of Corporate Costs to Filing Entities)
(000's)
December
--------
Officer Compensation $ 189
Salary Expense other Employees 799
Employee Benefits and Pension (23)
Payroll Taxes 39
Other Taxes 0
Rent and Lease Expense 220
Interest Expense
Insurance 36
Automobile and Truck Expense 1
Utilities(Gas Electric,Phone) 84
Depreciation 128
Travel and Entertainment 55
Repairs and Maintenance 51
Advertising/Promotion 0
Supplies, Office Expense 26
OTHER:
Contributions 0
Professional Fees - Audit/Tax 131
Bank Fees 147
Public Reporting Fees 16
Employee Relocation/Training 11
Data Processing 19
Dues and Subscriptions 11
Outside Services 114
Project Development Costs net of Billings (34)
Director Fees 25
Miscellaneous 19
Professional Fees - Bankruptcy 3,428
Cost Allocation - Out (267)
-------
$ 5,223
=======
Allocation:
Wagner Castings 177
Northern Castings 47
Ironton Iron 0
Lynchburg Foundry 179
Columbus Foundry 290
Wagner Havana 0
Intermet U.S. Holdings 241
Cast-Matic Corp. 76
Diversified Diemakers 240
Ganton Technologies 156
Tool Products 127
Intermet Corporation 3,689
-------
Total $ 5,223
=======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 12-31-04
CASE #04-67614
WAGNER
CASTINGS
--------------
Cash And Equivalents $ 32
Accounts Receivable 8,001
Short-Term Intercompany Receivables 84
Inventories 4,978
Other Current Assets 1,082
--------
TOTAL CURRENT ASSETS 14,177
Land and Buildings 2,400
Machinery & Equipment 58,508
Construction In Progress 899
--------
Total Fixed Assets 61,807
Accumulated Depreciation (47,010)
--------
NET FIXED ASSETS 14,797
Investment In Subsidiaries 0
Investment In European Operations 0
Long-Term Intercompany Receivables 0
Deferred Taxes, Long-Term Asset 0
Other Assets 183
--------
TOTAL ASSETS $ 29,157
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 759
Wages and Salaries (See schedule) 160
Taxes Payable - (See schedule) 108
--------
TOTAL POST PETITION LIABILITIES 1,027
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 1,155
Accrued Payroll 94
Accrued Payroll Taxes
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 1,300
UNSECURED LIABILITIES
Accounts Payable 6,469
IDR Bonds 0
--------
TOTAL UNSECURED LIABILITIES 6,469
OTHER LIABILITIES
Accrued Liabilities 1,605
Short-Term Intercompany Payables 5
Capital Leases 0
Retirement Benefits (1,906)
Deferred Taxes - Long-Term Liability 0
Other Long-Term Liabilities 0
Long-Term Intercompany Payables 8,969
Minority Interest 0
--------
TOTAL LIABILITIES 17,469
Common Stock 0
Capital In Excess Of Par Value 17,027
Retained Earnings - Prepetition (282)
Retained Earnings - Post Petition (5,057)
Equity In European Operations
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
--------
TOTAL SHAREHOLDER EQUITY 11,688
TOTAL LIABILITIES AND EQUITY $ 29,157
========
PERIOD ENDED: 12-31-04 WAGNER CASTINGS COMPANY CASE #04-67614
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
11/30/2004 Withheld Deposits 12/31/2004
----------------------------------------------------------------------
Income tax withheld: Federal ($ 37,707) ($ 133,274) $ 154,818 ($ 16,164)
Income tax withheld: State (9,720) (34,753) 40,065 (4,408)
Income tax withheld: Local 0 0 0 0
FICA Withheld (21,444) (92,284) 106,164 (7,564)
Employers FICA (39,053) (90,084) 106,164 (22,973)
Unemployment Tax: Federal (58) (2,058) 175 (1,941)
Unemployment Tax: State (1,106) (25,331) 2,495 (23,943)
All Other Payroll W/H (11,359) (101,361) 88,636 (24,084)
State Taxes: Inc./Sales/Use/Excise 0 0 0 0
Property Taxes (11,829) (6,000) 0 (17,829)
Workers Compensation 0 1,700 9,784 11,484
----------------------------------------------------------------------
Total ($ 132,278) ($ 483,445) $ 508,301 ($ 107,422)
Wages and Salaries (323,075) (795,496) 958,427 (160,144)
----------------------------------------------------------------------
Grand Total ($ 455,352) ($ 1,278,941) $ 1,466,728 ($ 267,565)
======================================================================
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 $ 759,482 718,999.79 44,588.19 (4,105.76)
Accounts Receivable -Pre & Post 9,265,263.00 8,110,255.54 264,181.90 890,825.56
Intermet Corporation and Subsidiaries Period Ended 12/31/2004
MONTHLY CASH STATEMENT
CASH ACTIVITY ANALYSIS: CASE # 04-67614
WAGNER CASTINGS (DECATUR)
-----------------------------------------------------------------------------------------------
ACCOUNT TYPE LOCKBOX 771149 DEPOSIT AP CHECKING PR (HOURLY) PR (SALARY)
ACCOUNT # 256543 5401086433 2770716518 35223301 2770716500 2770716666
BANK Bank One Stan. Fed. Stan. Fed. First Bank Stan. Fed. Stan. Fed. TOTAL
BEGINNING BANK BALANCE - - - 29,199 - - 29,199
RECEIPTS 869,661 2,818,573 8,614 366 - - 3,697,213
TRANSFERS IN (CORPORATE) - - 1,949,986 - 235,407 874 2,186,267
DIP INFLOW - - - - - - -
DISBURSEMENTS - - (1,958,600) - (235,407) (874) (2,194,880)
TRANSFERS OUT (CORPORATE) (869,661) (2,818,573) - - - - (3,688,233)
DIP REPAYMENT - - - - - - -
-----------------------------------------------------------------------------------------------
ENDING BANK BALANCE - - - 29,565 - - 29,565
WIRES PAID FOR BY CORPORATE 1,753,199 1,093,350 2,846,549
CHECKS ISSUED 1,731,995
-----------
TOTAL DISBURSEMENTS (SEE TOTAL
DISBURSEMENTS RECONCILIATION) $ 3,485,194
===========
OUTSTANDING CHECKS AS OF NOVEMBER 30 335,315
VOIDED CHECKS OUTSTANDING AS OF NOVEMBER (3,491)
CHECKS ISSUED IN DECEMBER 1,731,995
CHECK CLEARED IN DECEMBER (1,949,986) Includes $ 8,613.76 of checks posted and returned.
-----------
OUTSTANDING CHECKS AS OF DECEMBER 31 (SEE
OUTSTANDING CHECKLIST) $ 113,834
===========
WAGNER CASTINGS, INC. CASE NO. 04-67614
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- -----------------------------------------------------------
A D BROOKS $ 440.00
ABB INC 8,699.04
ACRISON INC 4,424.00
ADA JACKSON 440.00
ADVANCED CARBIDE TOOL 392.35
AETNA US HEALTHCARE 16,563.58
AL INDUSTRIAL US LP 4,974.98
ALLIED ELECTRONICS INC 45.36
ALLIED MINERAL PRODUCTS INC 6,422.26
AMERENIP 254,653.11
ANN ROYER 20.00
APPLIED PROCESS INC 4,872.32
ARAMARK UNIFORM SERVICES INC 2,528.69
ARCH WIRELESS 1,124.89
AREA WIDE REPORTING SERVICE 447.05
ARTHUR G BYRNE CO INC 5,535.52
BALTIMORE AIRCOIL CO INC 333.20
BARBARA LEE 440.00
BEARING DISTRIBUTORS INC 44,496.35
BENTONITE PERFORMANCE MINERALS 80,500.00
BETTY HAMILTON 440.00
BLACK & CO #11 16,491.69
BLACKHAWK SALES 82.36
BLASTEC INC 623.12
BODINE ELECTRIC OF DECATUR 13,204.69
BOULEVARD PROPERTIES LLC 838.75
BOWMAN HEINTZ BOSCIA & VICIAN 27.82
BRAKE AND CLUTCH 56.00
BUEL COLE 440.00
BURDICK PLUMBING INC 2,250.00
BUSCHE ENTERPRISE DIVN INC 109,485.60
C A PICARD SURFACE ENG INC 29,519.18
C C FIRE EQUIPMENT CO INC 3,925.36
CAMPION BARROW & ASSOCIATES 1,750.00
CAPITAL CITY PAPER CO 375.70
CARCO INC 393.82
CARLIN AUTOMATION INC 883.50
CARRIER VIBRATING EQUIPMENT 10,178.67
CC METALS AND ALLOYS INC 21,763.66
CENTRAL IL ANESTHESIA 1,704.00
CHAMPION CHISEL WORKS INC 2,573.04
CHARLES BEDFORD OD/DEC EYECARE 825.00
CHRIS INCORPORATED 1,286.78
CINGULAR WIRELESS 18.25
CITY OF DECATUR 22,081.09
CLIMATE CONTROL 70,149.43
COLUMBUS MCKINNON CORP 10,422.55
CONNOR CO 806.05
CONTINENTAL CARBONIC PROD INC 199.45
WAGNER CASTINGS, INC. CASE NO. 04-67614
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- -----------------------------------------------------------
CREATIVE BUSINESS FORMS 3,355.65
CRI RECYCLING 913.00
DAMON LEE 440.00
DAUBER COMPANY 14,448.00
DAVID J JOSEPH CO 1,050,000.00
DAVID RIGHTNOWAR 440.00
DCD TRANSPORTATION INC 577.87
DE LAGE LANDEN FIN SERVICES 1,965.00
DECATUR BOLT CO INC 738.22
DECATUR INDUSTRIAL ELECTRIC 1,822.42
DECATUR MACHINE & TOOL CO 1,860.00
DECATUR MEMORIAL HOSPITAL 4,228.54
DECATUR NEUROLOGICAL ASSOC 2,690.00
DECATUR RADIOLOGY PHYS SC 365.00
DEMARCO MAX VAC CORP 6,072.86
DISA GOFF INC 19,733.63
DISA INDUSTRIES INC 25,144.00
DMH CORP HEALTH SERVICES 658.00
DONALD POE 440.00
DONALD SCHELL 440.00
DONNELLY AUTOMOTIVE MACH INC 3,221.76
DORSEY PIRTLE 440.00
DUCA MFG & CONSULTING INC 5,010.00
DWYER INSTRUMENTS INC 248.20
DYNAMIC AIR INC (11,895.83)
EDMUND IND. OPTICS 334.20
ELECTRO-NITE CO 730.22
ELKEM METALS INC 70,326.00
EMSCO INC 5,332.39
FACTUAL PHOTO 552.00
FAMILY SUPPORT PAYMENT CENTER 371.35
FIVE MORRS 291.45
FLOYD ANDERSON 440.00
FOSECO INC 4,887.50
FRANK FLORI EQUIPMENT CO 251.64
FRANK MATTHEWS 440.00
FRANK REED 440.00
FRISBY PMC 166,151.99
G E CAPITAL 2,017.49
G G BARNETT TRANSPORT INC 1,614.69
GE CAPITAL 642.02
GENERAL KINEMATICS CORP 265.30
GERDAU AMERISTEEL 6,250.63
GLENN ZILLS 440.00
GRAINGER INC 127.88
GULLY TRANSPORTATION 8,605.05
HA INTERNATIONAL LLC 19,587.48
HAGERTY BROTHERS CO 1,440.45
HARRY BOND 440.00
WAGNER CASTINGS, INC. CASE NO. 04-67614
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- -----------------------------------------------------------
HARRY E HILLS & ASSOC 3,864.40
HAWTHORN IND/JAMES J MAY 108.25
HILLS SPORTS MEDICINE 8,147.00
HOLTGRIEVE & CO 10,258.67
HTE TECHNOLOGIES 4,029.03
ILL STUDENT ASSISTANCE COMM 149.91
ILLINOIS DEPT OF REVENUE 101.00
ILLINOIS TITLE LOANS INC 654.13
INNOVATIVE LABELING SOLUTIONS 1,030.93
INTERNAL REVENUE SERVICE 997.50
ISPC/WHEELABRATOR 2,722.85
IVORY CURRY 440.00
J C JELKS 440.00
J.D. FINLEY 440.00
JAMES GAVIN 440.00
JAMES JONES 836.45
JAMES REED 440.00
JEFFREY SHAW AND 125.00
JER INDUSTRIAL SERVICES LLC 830.48
JERRY BUCKLEY 640.00
JERRY SHERWOOD 440.00
JMS HAND ASSOCIATES S.C 137.00
JOHN C KEFALAS MDSC 297.90
JOHN H GERMERAAD - TRUSTEE 2,207.68
JOHN HENRY FOSTER CO 2,462.44
JOHN HERINGTON 520.00
JORDAN S YOUNGERMAN MD 1,465.00
JOSLYN MFG & SUPPLY CO 8,987.45
KANSAS PAYMENT CENTER 346.15
KELLY CONSTRUCTION 9,818.00
KENT RUDBECK 300.00
KINDT-COLLINS CO 105.92
KING-LAR CO 6,248.58
KIRBY RISK CORP 3,741.75
KOPETZ MFG INC 1,550.00
L & N INDUSTRIES INC 9,856.84
LAKELAND ENGINEERING EQUIP 1,488.52
LAND OF LINCOLN CREDIT UNION 68,827.55
LARPEN METALLURGICAL SERVICE 30,436.00
LARRY BONNELL 440.00
LARRY HAYES 440.00
LEADING EDGE ENTERPRISES INC 1,400.00
LEVOY REED 440.00
LINCO REFRACTORY SUPPLY INC 10,315.20
LOCAL #6-728 PACE 6,486.92
LOUIS THOMAS 440.00
LYNN ZASADA 440.00
M H EQUIPMENT 23.00
M H EQUIPMENT CORP 688.16
WAGNER CASTINGS, INC. CASE NO. 04-67614
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- -----------------------------------------------------------
M STEPHEN HUSS MDSC 3,757.00
MACIOROWSKI SACKMANN & ULRICH 38,652.14
MACK MOORE SHOE CO INC 600.06
MARJO PLASTICS CO 250.35
MARTIN BROS CONTAINER & 13,996.80
MARTIN BRUMETT 366.41
MARVIN KELLER TRUCKING 400.00
MCLEOD EXPRESS LLC 640.51
MCMASTER-CARR SUPPLY CO 3,756.50
MENNIE'S MACHINE CO 75,837.80
METOKOTE CORP 9,713.87
METRO METAL PRODUCTS INC 15,860.28
MICHAEL E CLARK DPM 95.00
MICRO TEK PATTERN INC 5,700.00
MIDWEST CREDIT & COLLECTION 600.81
MISSOURI REFRACTORIES CO INC 11,464.00
MORGAN DISTRIBUTING INC 7,947.19
MORGAN EXPRESS INC 29,510.67
MORGAN TRANSPORTATION AGENCY 10,274.09
MOTION INDUSTRIES INC 1,994.85
NATIONAL CITY 2,391.87
NATIONAL CITY BANK 18,207.46
NOKOMIS QUARRY 474.15
NORMA ANN HUBERT D/B/A/ 337.40
NORTH STAR IMAGING INC 1,438.23
OMNISOURCE FT WAYNE FERR DIV 63,288.00
ONYX WASTE SERVICES MIDWEST 40,542.18
OSBORNE'S MACHINE & 850.00
PEERLESS METAL POWDERS 30,140.00
PERFECTION SERVO HYDRAULIC 424.09
PETTY CASH 600.00
PHILLIP DANNEWITZ 440.00
POWER SUPPLY OF ILLINOIS 196.18
PRAIRIE IDEALEASE 1,449.00
PRIMETRADE 99,200.34
R D MCMILLEN ENTERPRISES 3,105.85
RADIOLOGICAL ASN OF DECATUR 461.00
RECORD COPY SERVICES 968.90
REFRACTORY SALES & SRV CO INC 9,980.00
RENEE HADDEN 223.08
RENTAL SERVICE CORP 1,366.80
RICHARD COLE 440.00
RICK WALLACE 152.62
ROBERT LOWRY 440.00
ROBERTS SINTO CORP 18,780.20
ROCKFORD SYSTEMS INC 436.91
ROLAND MABRY 440.00
RONALD HELM 95.38
S J SMITH WELDING SUPPLY 6,458.56
WAGNER CASTINGS, INC. CASE NO. 04-67614
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- -----------------------------------------------------------
SAFETY SHOE DISTRIBUTORS 124.19
SAFEWORKS-ILLINOIS 9,388.35
SBC 1,838.72
SECURITAS SEC SVCS USA INC 5,897.86
SHEPARD NILES INC 13,558.17
SHERMAN BAINE 440.00
SIMPSON TECHNOLOGIES 6,228.00
SLIGO STEEL 1,186.25
SPORTS MEDICINE CLINIC 627.00
SPRINGFIELD ELECTRIC 13,722.42
ST MARY'S HOSPITAL 11,484.39
ST MARYS OCCUP HEALTH SERVICES 254.56
STERICYCLE INC 58.00
STONE CONTAINER CORP 9,550.00
STRIGLOS OFFICE EQUIPMENT 3,765.84
STUART BAKER MD 721.00
SUNBELT RENTALS 6,750.25
THE WILD DAISY FLORIST 42.80
THOMAS H BOWDRE 440.00
TRACY CAUSEY 47.90
TRANSMAN 28,692.37
TUBE CITY INC 86,000.00
TYDUS GREEN 440.00
U S HARDWOOD PRODUCTS 8,024.28
U S OIL CO INC-ENERGY SERV DIV 219,860.38
UNION PLANTERS TRUST 2,600.00
UNITED WAY OF DEC & MID-IL 1,092.50
UNITHERM FURNACE CORP 1,001.99
USF HOLLAND 102.85
VERIZON WIRELESS 995.73
VICTORIA L BABBE C.S.R 1,232.00
VICTORY PHARMACY OF DECATUR 247.17
WABEL TOOL CO 99,148.38
WALGREEN CO 60.89
WALLENDER-DEDMAN PRINTING 865.00
WALZ EQUIPMENT 4,060.71
WARD NORTH AMERICA INC 3,848.00
WATTS COPY SYSTEMS INC 1,017.21
WEDRON SILICA COMPANY 8,117.00
WI SCTF 481.00
WIESE PLANNING & ENGR INC 734.06
WILKENS-ANDERSON CO 411.40
WILLIAM A KIBBE & ASSOC INC 1,695.00
WILLIAM WALKER 440.00
WILLIE LEE GREEN 440.00
WIMMER TEMPORARIES 58.80
WORKSAFE ILLINOIS 125.00
--------------
$ 3,485,193.92
DECATUR
CASE # 04-67614
AT 12/31/04
DECATUR - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 113,833.84
Unadjusted GL Balance 113,833.84
-----------
Difference $ -
===========
DECATUR
OUTSTANDING CHECKS
CASE # 04-67614
CHECK DATE OUTSTANDING
116586 11/29/2004 $ 1,799.88
116643 12/1/2004 1,860.00
116677 12/2/2004 6,798.97
116724 12/3/2004 5,918.08
116745 12/3/2004 495.00
116780 12/7/2004 2,590.00
116843 12/9/2004 440.00
116949 12/13/2004 163.13
116970 12/14/2004 2,929.59
116977 12/14/2004 1,074.64
117021 12/16/2004 296.00
117024 12/16/2004 2,572.83
117026 12/16/2004 535.00
117036 12/16/2004 658.00
117045 12/16/2004 125.00
117046 12/16/2004 830.48
117080 12/16/2004 1,232.00
117112 12/20/2004 250.00
117152 12/21/2004 4,775.00
117162 12/22/2004 5,535.52
117163 12/22/2004 646.26
117166 12/22/2004 1,750.00
117168 12/22/2004 3,330.51
117171 12/22/2004 131.00
117173 12/22/2004 1,650.00
117184 12/22/2004 2,778.00
117189 12/22/2004 190.00
117194 12/22/2004 68.00
117214 12/22/2004 3,848.00
117228 12/23/2004 93.18
117236 12/28/2004 4,172.69
117238 12/28/2004 496.08
117240 12/28/2004 3,295.27
117241 12/28/2004 400.04
117242 12/28/2004 250.35
117243 12/28/2004 2,965.20
117244 12/28/2004 11,464.00
117245 12/28/2004 1,809.29
117247 12/28/2004 158.17
117252 12/28/2004 60.89
117259 12/29/2004 1,208.27
117260 12/29/2004 45.36
117262 12/29/2004 333.20
117263 12/29/2004 1,572.51
117265 12/29/2004 14,545.68
117266 12/29/2004 1,306.06
117267 12/29/2004 1,783.20
117268 12/29/2004 250.00
117269 12/29/2004 73.27
117270 12/29/2004 1,565.46
117272 12/29/2004 69.23
117274 12/29/2004 19.80
117276 12/29/2004 1,085.68
117277 12/29/2004 3,872.40
DECATUR
OUTSTANDING CHECKS
CASE # 04-67614
CHECK DATE OUTSTANDING
117278 12/29/2004 1,517.04
117279 12/29/2004 159.63
117280 12/29/2004 96.50
117282 12/29/2004 95.00
120532 11/23/2004 1,200.00
120565 12/27/2004 912.36
120566 12/27/2004 122.82
120747 11/5/2004 1,564.32
-----------
$113,833.84
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: DECEMBER 31, 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: JANUARY 20, 2005 ____________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Form 6
Wagner Castings Co.
Case Number: 04-67614
Intermet Corporation and Subsidiaries
Schedule of In-Force Insurance
INSURANCE TYPE CARRIER POLICY PERIOD
- -------------- ------- -------------
Property Lloyds 11/1/04-11/1/05
Boiler/Machine Hartford 11/1/04-11/1/05
Cargo Fireman's Fund 11/1/04-11/1/05
Truck Cargo Fireman's Fund 11/1/04-11/1/05
Aviation USAIG 11/1/04-11/1/05
Fiduciary St. Paul 11/1/04-11/1/05
Primary D&O St. Paul 11/1/04-11/1/05
Excess D&O Chubb 11/1/04-11/1/05
Excess D&O Platte River 11/1/04-11/1/05
Crime AIG 12/1/04-12/1/05
General Liability ACE 12/22/04-12/22/05
Umbrella National Union 12/22/04-12/22/05
Workers' Comp ACE 12/22/04-6/22/05
Excess Workers' Comp ACE 12/22/04-12/22/05
Auto ACE 12/22/04-12/22/05
Foreign (DIC) ACE 12/22/04-12/22/05
Note: This list does not include In-Force Insurance for Foreign Subsidiaries.
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 DECEMBER 31, 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 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: JANUARY 20, 2005 /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 12-31-04
($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 45 148
Repairs & Maintenance - -
Supplies - -
Utilities - -
Purchased Components/Services - (1)
Income(loss) from Pattern Sales - -
Fixed Asset - (gain/loss) - -
MIS Expense - 1
Travel & Entertainment - -
Other Variable Costs (1) 7
Depreciation & Amortization - -
Other Allocated Fixed Costs - -
Other Fixed Costs 24 65
------ ------
Cost of Goods Sold 68 220
Gross Profit (68) (220)
Plant SG&A Expense - -
SG&A Expense - Allocation (Sched 1) - -
Other Operating Expenses - -
------ ------
Total Operating Expenses - -
Operating Profit (68) (220)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) - (5)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) (14) (34)
------ ------
Total Non-Operating Expenses (14) (39)
Income Before Income Taxes (82) (259)
Income Tax Expense - -
------ ------
Net Income ($ 82) ($ 259)
====== ======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs December
(Allocation of Corporate Costs to Filing Entities)
(000's)
December
--------
Officer Compensation $ 189
Salary Expense other Employees 799
Employee Benefits and Pension (23)
Payroll Taxes 39
Other Taxes 0
Rent and Lease Expense 220
Interest Expense
Insurance 36
Automobile and Truck Expense 1
Utilities(Gas Electric, Phone) 84
Depreciation 128
Travel and Entertainment 55
Repairs and Maintenance 51
Advertising/Promotion 0
Supplies, Office Expense 26
OTHER:
Contributions 0
Professional Fees - Audit/Tax 131
Bank Fees 147
Public Reporting Fees 16
Employee Relocation/Training 11
Data Processing 19
Dues and Subscriptions 11
Outside Services 114
Project Development Costs net of Billings (34)
Director Fees 25
Miscellaneous 19
Professional Fees - Bankruptcy 3,428
Cost Allocation - Out (267)
-------
$ 5,223
=======
Allocation:
Wagner Castings 177
Northern Castings 47
Ironton Iron 0
Lynchburg Foundry 179
Columbus Foundry 290
Wagner Havana 0
Intermet U.S. Holdings 241
Cast-Matic Corp. 76
Diversified Diemakers 240
Ganton Technologies 156
Tool Products 127
Intermet Corporation 3,689
-------
Total $ 5,223
=======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 12-31-04
CASE #04-67611
--------------
WAGNER
HAVANA
--------------
Cash And Equivalents $ 0
Accounts Receivable 65
Short-Term Intercompany Receivables 0
Inventories 248
Other Current Assets 0
--------
TOTAL CURRENT ASSETS 313
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 $ 8,006
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 8
Wages and Salaries (See schedule) 22
Taxes Payable - (See schedule) 171
--------
TOTAL POST PETITION LIABILITIES 201
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 294
Accrued Payroll 89
Accrued Payroll Taxes
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 449
UNSECURED LIABILITIES
Accounts Payable 352
IDR Bonds 0
--------
TOTAL UNSECURED LIABILITIES 352
OTHER LIABILITIES
Accrued Liabilities 6
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 7,689
Minority Interest 0
--------
TOTAL LIABILITIES 8,697
Common Stock 0
Capital In Excess Of Par Value 9,349
Retained Earnings - Prepetition (9,781)
Retained Earnings - Post Petition (259)
Equity In European Operations
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
--------
TOTAL SHAREHOLDER EQUITY (691)
TOTAL LIABILITIES AND EQUITY $ 8,006
========
PERIOD ENDED: 12/31/04 WAGNER HAVANA CASE #04-67611
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
11/30/04 Withheld Deposits 12/31/04
----------------------------------------------------------------
Income tax withheld: Federal ($ 2,011) ($ 2,823) $ 4,834 $ 0
Income tax withheld: State 0 (591) 591 0
Income tax withheld: Local 0 0 0 0
FICA Withheld (295) 0 295 0
Employers FICA (51,801) 0 295 (51,507)
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 (14,030) (7,015) 0 (21,045)
Workers Compensation (98,000) 0 0 (98,000)
----------------------------------------------------------------
Total ($ 166,137) ($ 10,429) $ 6,014 ($170,552)
Wages and Salaries (21,751) 0 0 (21,751)
----------------------------------------------------------------
Grand Total ($ 187,888) ($ 10,429) $ 6,014 ($192,303)
================================================================
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 $8,115 6,241.32 12.30 1,861.67
Accounts Receivable $ 0 - - -
INTERMET CORPORATION AND SUBSIDIARIES PERIOD ENDED 12/31/2004
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 26 - - - 26
TRANSFERS IN (CORPORATE) - 17,355 2,110 - 19,465
DIP INFLOW - - - - -
DISBURSEMENTS - (17,355) (2,110) - (19,465)
TRANSFERS OUT (CORPORATE) (26) - - - (26)
DIP REPAYMENT - - - - -
----------------------------------------------------------
ENDING BANK BALANCE - - - - (0.00)
WIRES PAID FOR BY CORPORATE - 15,023 15,023
CHECKS ISSUED 13,128
--------
TOTAL DISBURSEMENTS $ 13,128
========
OUTSTANDING CHECKS AS OF NOVEMBER 30 4,527
VOIDED CHECKS OUTSTANDING AS OF NOVEMBER -
CHECKS ISSUED IN DECEMBER 13,128
CHECK CLEARED IN DECEMBER (17,355)
--------
OUTSTANDING CHECKS AS OF DECEMBER 31 (SEE OUTSTANDING CHECKLIST) $ 300
========
WAGNER HAVANA, INC. CASE NO. 04-67611
CASH DISBURSEMENTS
DECEMBER 2004
VENDOR TOTAL DISBURSEMENTS
- --------------------------------------------------------
AMERENCIPS (ELECTRIC) $ 5,534.68
BODINE SERVICES 190.00
MASON COUNTY CIRCUIT CLERK 150.00
SECURITAS SECURITY SERV 6,419.34
STANDING CHAPTER 13 TRUSTEE 526.00
US TRUSTEE 250.00
VERIZON WIRELESS 57.84
-----------
$ 13,127.86
WAGNER HAVANA, INC.
CASE NO. 04-67611
AT 12/31/04
HAVANA - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 300.00
=======
Unadjusted GL Balance 300.00
-------
Difference $ -
=======
WAGNER HAVANA, INC.
OUTSTANDING CHECKS
CASE NO. 04-67611
CHECK DATE OUTSTANDING
52197 11/12/2004 $ 300.00
--------
$ 300.00
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: DECEMBER 31, 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: JANUARY 20, 2005 ________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Form 6
Wagner Havana, Inc.
Case Number: 04-67611
Intermet Corporation and Subsidiaries
Schedule of In-Force Insurance
INSURANCE TYPE CARRIER POLICY PERIOD
- -------------- ------- -------------
Property Lloyds 11/1/04-11/1/05
Boiler/Machine Hartford 11/1/04-11/1/05
Cargo Fireman's Fund 11/1/04-11/1/05
Truck Cargo Fireman's Fund 11/1/04-11/1/05
Aviation USAIG 11/1/04-11/1/05
Fiduciary St. Paul 11/1/04-11/1/05
Primary D&O St. Paul 11/1/04-11/1/05
Excess D&O Chubb 11/1/04-11/1/05
Excess D&O Platte River 11/1/04-11/1/05
Crime AIG 12/1/04-12/1/05
General Liability ACE 12/22/04-12/22/05
Umbrella National Union 12/22/04-12/22/05
Workers' Comp ACE 12/22/04-6/22/05
Excess Workers' Comp ACE 12/22/04-12/22/05
Auto ACE 12/22/04-12/22/05
Foreign (DIC) ACE 12/22/04-12/22/05
Note: This list does not include In-Force Insurance for Foreign Subsidiaries.