EXHIBIT 99.1
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 MARCH 31, 2005:
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: APRIL 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 3-31-05
($000'S)
CASE # 04-67597
INTERMET
CORP(*)
------------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales $ 62,094 $ 340,594
Cost of Goods Sold
Materials and Freight 19,006 114,884
Wages - Hourly 9,680 54,539
Wages-Salary 2,603 16,463
Employee Benefits and Pension 5,878 37,649
Repairs & Maintenance 2,965 15,529
Supplies 3,200 17,388
Utilities 3,417 20,054
Purchased Components/Services 3,973 24,600
Income(loss) from Pattern Sales 404 894
Fixed Asset - (gain/loss) 194 547
MIS Expense 213 1,409
Travel & Entertainment 84 318
Other Variable Costs 3,392 12,143
Depreciation & Amortization 2,647 16,767
Other Allocated Fixed Costs 465 2,222
Other Fixed Costs 1,357 6,945
---------- ----------
Cost of Goods Sold 59,478 342,351
Gross Profit 2,616 (1,757)
Plant SG&A Expense 145 817
SG&A Expense - Allocation (Sched 1) 2,250 20,651
Other Operating Expenses 136 196,498
---------- ----------
Total Operating Expenses 2,531 217,966
Operating Profit 85 (219,723)
Outside Interest Income (23) 371
Outside Interest (Expense) (1,954) (10,972)
Intercompany Interest Income 2,555 6,011
Intercompany Interest (Expense) (2,554) (6,010)
Charges (From) Affiliates (1,648) (9,553)
Charges To Affiliates 1,722 9,968
Income/Loss From European Operations 706 3,818
Other Income/(Expense) (2,285) (7,856)
---------- ----------
Total Non-Operating Expenses (3,481) (14,223)
Income Before Income Taxes (3,396) (233,946)
Income Tax Expense 85 (22)
---------- ----------
Net Income ($ 3,481) ($ 233,924)
========== ==========
(*) 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 March
(Allocation of Corporate Costs to Filing Entities)
(000's)
March
----------
Officer Compensation $ 189
Salary Expense other Employees 919
Employee Benefits and Pension 105
Payroll Taxes 60
Other Taxes 0
Rent and Lease Expense 216
Interest Expense
Insurance 62
Automobile and Truck Expense 11
Utilities(Gas Electric,Phone) 68
Depreciation 87
Travel and Entertainment 80
Repairs and Maintenance 51
Advertising/Promotion 0
Supplies, Office Expense 32
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 15
Public Reporting Fees 16
Employee Relocation/Training 2
Data Processing 29
Dues and Subscriptions 36
Outside Services 172
Project Development Costs net of Billings 73
Director Fees 25
Miscellaneous 4
Legal Fees 1
Cost Allocation - Europe (78)
Cost Allocation - Out (273)
----------
$ 2,250
==========
Allocation:
Wagner Castings 191
Northern Castings 51
Ironton Iron 0
Lynchburg Foundry 193
Columbus Foundry 313
Wagner Havana 0
Intermet U.S. Holdings 261
Cast-Matic Corp. 82
Diversified Diemakers 257
Ganton Technologies 168
Tool Products 137
Corporate 597
----------
Total $ 2,250
==========
INTERNET Corp. and Subsidiaries
Balance Sheet as of 03-31-05
MARCH FEBRUARY
CASE # 04-67597 CASE # 04-67597
--------------- ---------------
INTERMET INTERMET
CORP (NOTE 1) CORP (NOTE 1)
--------------- ---------------
Cash And Equivalents $ 2,301 $ 2,722
Accounts Receivable 82,218 94,689
Short-Term Intercompany Receivables (8) (5)
Inventories 53,517 51,050
Other Current Assets 9,566 11,011
---------- ----------
TOTAL CURRENT ASSETS 147,594 159,467
Land and Buildings 113,968 113,968
Machinery & Equipment 407,632 409,445
Construction In Progress 5,333 4,620
---------- ----------
Total Fixed Assets 526,933 528,033
Accumulated Depreciation (334,527) (333,615)
---------- ----------
NET FIXED ASSETS 192,406 194,418
Investment In Subsidiaries (2) (2)
Investment In European Operations (Note #2) 93,839 95,152
Long-Term Intercompany Receivables (3) 0
Deferred Taxes, Long-Term Asset 661 661
Other Assets 21,936 21,404
---------- ----------
TOTAL ASSETS $ 456,431 $ 471,100
========== ==========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 9,020 $ 11,056
Wages and Salaries (See schedule) 5,234 5,299
Taxes Payable - (See schedule) 5,381 4,162
---------- ----------
TOTAL POST PETITION LIABILITIES 19,635 20,517
SECURED LIABILITIES:
SECURED BANK DEBT 178,355 186,226
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes 607 607
Accrued Tax - State (313) (313)
Accrued Property Taxes 156 220
Accrued Workers Comp 7,285 7,535
Accrued Payroll 2,843 2,854
Accrued Payroll Taxes 0 0
---------- ----------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 10,578 10,903
Unsecured Liabilities
Accounts Payable 63,542 63,841
Senior & IDR Bonds 177,000 177,000
---------- ----------
TOTAL UNSECURED LIABILITIES 240,542 240,841
OTHER LIABILITIES
Accrued Liabilities 36,887 36,752
Short-Term Intercompany Payables 2 1
Capital Leases 364 406
Retirement Benefits 84,296 83,677
Deferred Taxes - Long-Term Liability (3,838) (3,838)
Other Long-Term Liabilities 6,980 7,405
Long-Term Intercompany Payables (934) (859)
0 0
---------- ----------
TOTAL LIABILITIES 572,867 582,031
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 (237,483) (233,295)
Equity In European Operations 93,839 95,152
Accumulated Translation Adjustment 3,855 3,859
Minimum Pension Liability Adjustment (24,093) (24,093)
Unearned Restricted Stock (191) (191)
---------- ----------
TOTAL SHAREHOLDER EQUITY (116,436) (110,931)
---------- ----------
TOTAL LIABILITIES AND EQUITY $ 456,431 $ 471,100
========== ==========
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 $41,842 in March and $42,619
in February 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: 03-31-05 INTERMET CORPORATION CASE #04-67597
CORPORATE BOOKS ONLY - NO SUBS
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
2/28/2005 Withheld Deposits 3/31/2005
------------ ------------ ------------ ------------
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 143,999 (963,110) 409,034 (410,077)
State Taxes: Inc./Sales/Use/Excise (3,284,740) 69,457 (45,156) (3,260,439)
2,281,446 0 0 2,281,446
Property Taxes (8,000) (2,451) 0 (10,451)
Workers Compensation 0 428,994 (926,276) (497,282)
------------ ------------ ------------ ------------
Total ($ 867,295) ($ 467,110) ($ 562,398) ($ 1,896,803)
Wages and Salaries (2,483,991) (72,503) 0 (2,556,494)
------------ ------------ ------------ ------------
Grand Total ($ 3,351,286) ($ 539,613) ($ 562,398) ($ 4,453,297)
============ ============ ============ ============
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 $1,348,548 $1,245,641 $102,908
Accounts Receivable N/A
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS: MONTHLY CASH STATEMENT
MONTH ENDED 3/31/2005
CASE # 04-67597
- --------------------------------------------------------------------------------
INTERMET CORPORATION
ACCOUNT TYPE CONCEN. CONCEN. CONCEN. DEPOSIT DEPOSITORY AP PR
Account # 1054530796 1851811305 1599333 5401086482 1096643 2770716377 2770716716
Bank Stan. Fed. Comerica Bank One Stan. Fed. Bank One Stan. Fed. Stan. Fed.
- ---------------------- -------------- ----------- ---------- ---------- ---------- ---------- ----------
BEGINNING BANK BALANCE 650,329 1,004,027 641,022 - - - -
RECEIPTS 16,088,130 - 478,388 6,216,774 2,911 - -
TRANSFERS IN 50,338,916 18,831,389 6,201,913 - - 1,501,118 577,730
DIP INFLOW 27,229,605 - - - - - -
DISBURSEMENTS (37,684,276.80) (908,055) (367,807) - - (1,501,118) (577,730)
A B C
TRANSFERS OUT (24,136,452.82) (14,030,717) (6,700,000) (6,216,774) (2,911) - -
DIP REPAYMENT (31,243,180) (4,586,426) - - - - -
-------------- ----------- ---------- ---------- ---------- ---------- ----------
ENDING BANK BALANCE 1,243,072 310,217 253,516 - - - -
ACCOUNT TYPE BENEFITS MEDICAL - MALLOY BENEFITS METLIFE CHECKING ENVIRONMENTAL
ACCOUNT # 502756 5402307572 611996 5402307564 1385313 400806.1
BANK Bank One Stan. Fed. Bank One Stan. Fed. Bank One Lasalle
- ---------------------- -------- ---------------- -------- ---------- -------- -------------
BEGINNING BANK BALANCE - - - - - 3,095,750
RECEIPTS - - - - - 4,533
TRANSFERS IN - - 172,353 75,539 - -
DIP INFLOW - - - - - -
DISBURSEMENTS - - (172,353) (75,539) - (4,145)
TRANSFERS OUT - - - - - -
DIP REPAYMENT - - - - - -
-------- ---------------- -------- ---------- -------- -------------
ENDING BANK BALANCE - - - - 3,096,138.26
CORPORATE DISBURSEMENTS PAID FOR CORPORATE (INCLUDES CORPORATE PAYROLL OF $ 995,650) E 10,171,286
MATERIAL WIRES PAID BY CORPORATE ON BEHALF OF PLANTS 25,219,790
PAYROLL WIRES PAID BY CORPORATE ON BEHALF OF PLANTS 3,569,063
-----------
TOTAL WIRES & OTHER DISBURSEMENTS BY CORPORATE (EXCLUDES CORPORATE CHECKS) D 38,960,139
CORPORATE CHECKS ISSUED PERTAINING TO CORPORATE E 808,732
CORPORATE CHECKS ISSUED PERTAINING TO PLANTS 317,770
-----------
TOTAL CORPORATE DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $40,086,641
===========
OUTSTANDING CHECKS AS OF FEBRUARY 28 467,832
VOIDED CHECKS OUTSTANDING AS OF FEBRUARY 28 (1,570)
CHECKS ISSUED IN MARCH 1,126,502
CHECK CLEARED IN MARCH (1,500,568) Excludes EFT of $550 for
Payroll Tax Fees
-----------
OUTSTANDING CHECKS AS OF MARCH 31 (SEE OUTSTANDING CHECKLIST) $ 92,196
===========
A 37,684,277 Standard Fed Concentration Disbursement
B 908,055 Comerica Concentration Disbursement
C 367,807 Bank One Concentration Disbursement
------------
D $ 38,960,139
SUM OF E $ 10,980,018 REPESENTS TOTAL DISBURSEMENTS PERTAINING TO CORPORATE
INTERMET CORPORATE CASE # 04-67597
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- -------------------------------- -------------------
ABC Coke 651,170.18
ADP INVESTOR COMMUNICATION 332.50
ADP, INC 865.00
AEROSPACE SERVICES & PRODUCTS 518.00
AIAG 5,000.00
ALABAMA DEPT OF REVENUE 9,200.00
ALABAMA POWER 881.55
Alcan Aluminum Corporation 432,408.00
Alcast Company 14,367.00
Alcoa Aluminum 1,110,285.80
ALFE Heat Treating 216,431.24
Allied Mineral Products 73,479.61
Alter Trading 60,000.00
Aluar Aluminum 691,047.60
Aluminum Resources 211,076.50
AMERICAN ELECTRIC POWER 207,703.00
AMERICAN FOUNDRY SOCIETY 3,750.00
AMTECH INTERNATIONAL GROUP,LTD 38,286.00
ANDREWS, THOMAS 6,579.81
ANX EBUSINESS 3,456.00
APPALACHIAN POWER 1,630.07
ARCET EQUIPMENT COMPANY 85.82
ARCH CONSULTING ASSOCIATES 850.00
ASTM 400.00
AT&T 228.47
AT&T-UNIVERSAL BILLER 1,987.25
AUTOMATED MAILING SOLUTIONS 170.68
B & B X-RAY SALES SERVICE 980.00
BANK OF NOVA SCOTIA 2,170,929.79
BEGLIN, JUSTIN 1,051.68
Behr Metals 370,000.00
BELLSOUTH 2,100.40
BELTS, ROBERT 29.75
Bent Tube Inc. 1,097.49
Bentonite Performance Minerals 102,000.00
BERWYN GROUP, THE 9.50
B-H Transfer 36,721.92
BLUE CROSS BLUE SHIELDS 1,754,395.89
BODYCOTE IMT INC 1,225.00
BOWNE OF CHICAGO 7,395.00
BRUECHERT, PAUL 48.75
BSW, INC 50.00
BUCCIERO & ASSOCIATES, P.C 5,000.00
BUREAU OF NATIONAL 681.00
BURGE, CRAIG 915.91
BURTON, GLEN 71.03
BUS-TECH 818.75
CACHEAUX, CAVAZOS & NEWTON 636.80
CAMPBELL COUNTY 10,415.40
CAPRETTA, DAVID 41.99
CAPSTONE 463,673.45
CARSON, FISCHER, P.L.C 3,748.12
VENDOR TOTAL DISBURSEMENTS
- -------------------------------- -------------------
CAST METALS INSTITUTE, INC. 620.00
CCMA 261,845.19
CENTRIC SOFTWARE, INC. 42,400.00
CESSNA AIRCRAFT COMPANY 1,184.02
CFI CHILD SUPPORT 48,255.78
CHICAGO SOFT 184.00
CIMMETRY SYSTEMS, INC. 1,874.25
CINTAS CORPORATION 69.96
CITY OF RADFORD 13,490.52
COLUMBUS CONSOLIDATED 51.79
COLUMBUS WATER WORKS 69.84
COM ED 228.28
Cometals 268,328.50
COMPUTER ASSOCIATES INTL INC. 22,494.00
CONCENTRA MEDICAL CENTERS 137.00
CONWAY MACKENZIE & DUNLEAVY 1,171,454.37
COR SOLUTIONS, INC. 29,448.51
CORPORATE PAYROLL 298,490.93
COX, MICHAEL 205.50
Crest Products 8,451.97
CSC 7,612.80
CUSTOM CONTRACTING, INC. 41,884.00
DALTON'S SERVICES, INC. 1,800.00
Dana 876,847.77
Dead Sea Magnesium 907,429.23
DECATUR PAYROLL 906,062.81
DEL PRINTING, INC. 1,211.00
DELL MARKETING L.P. 2,582.44
DICKSON ALLAN 6,836.26
DILLIN DEVELOPMENT CORP. 540.00
Dimetek 16,172.50
DME RR 66,670.35
DORSEY & WHITNEY LLP 6,602.39
DOYLE, PAT 1,604.75
DRUSCHITZ, ALAN P. 1,084.58
DUCTILE IRON SOCIETY 2,000.00
DUN & BRADSTREET 237.59
Eastern Alloys, inc. 251,082.71
EASTERN COMPUTER EXCHANGE, INC. 5,457.00
EDWIN B. BRANCH 16,831.97
EGH/TIMBERLAND THREE L.L.C. 60,062.27
Elkem Metals, Inc. 314,102.93
Enbridge Gas Services 82,936.97
ENTERPRISE FLEET SERVICES 15,639.10
EPICOR SOFTWARE CORPORATION 4,435.53
ERNST & YOUNG 884,691.00
EXEC-U-CARE 6,309.82
EXECUTIVE COFFEE SYSTEMS 555.51
Fairmont Minerals 30,571.00
FEDERAL RESERVE BANK OF 550.00
FIDELITY SAVINGS AND PROFIT PLAN 40,683.41
FOCAL COMM. OF MICHIGAN 590.82
FOLEY, LARDNER 444,719.80
Forest City Technologies, Inc. 1,380.00
Foseco Metallurgical Inc. 65,933.12
Freudenberg NOK 17,468.34
FTI RESTRUCTURING 465,445.37
G & H Diversified Mfg. 20,028.00
VENDOR TOTAL DISBURSEMENTS
- -------------------------------- -------------------
GE CAPITAL 19,512.14
GEORGIA DEPT OF REVENUE 55,500.00
GEORGIA POWER 2,751.90
GEORGIA SALES TAX - CFI 40,040.92
GIERC, DANIEL 109.01
GILLILAND, TIM 765.37
GLOBAL ENGINEERING DOCUMENTS 20.16
GLOBAL EXCHANGE SERVICES 1,344.65
Globe 597,637.80
GOPAL, NANDA P N 2,134.95
GT SOFTWARE, INC. 1,589.07
HA International LLC 59,734.88
HAMILTON, MILLER, HUDSON & 45.00
HEMING, DANIEL 1,032.55
HOOVER, ROB 778.16
HORN, REGINA 262.39
HOWARD & HOWARD 15,276.50
Hydro Magnesium 325,357.74
Hydro Magnesium (Norsk Hydro) 385,995.68
IBM CORPORATION 35,338.34
IBM LIMITED SPECIAL BILLING 240.36
ICS 217.35
IKON FINANCIAL SERVICES 3,373.84
IKON OFFICE SOLUTIONS 8,998.19
IMCO Recycling 1,747,374.40
IMPECCABLE MACHINING 22,899.99
INFORMATION HANDLING SERVICES 9,165.64
INSTRUMENT CALIBRATION & TECH 85.00
IRON MOUNTAIN RECORDS MGMT 259.98
J.W. MARTIN 82.54
JACKSON PAYROLL 182,797.42
JACKSON, SHIELDS, YEISER, HOLT 1,704.12
JACOBSEN'S FLOWERS INC. 47.69
JAFFE, RAITT, HEUER & WIESS 99,559.23
JAMES DAVIS CLEANING SERVICE 500.00
JOCK ABELL LANDSCAPING 360.00
KARJALA, MARY JO 70.09
KLEIN, KYLE 203.93
KPMG 400,000.00
KUZINSKI, MARK 475.25
LAEMPE + REICH COMPANIES 14,710.88
Land Transportation 128,909.33
Larpen Metallurgical Service 167,700.00
LEONARD BROS. DATA MANAGEMENT 478.08
LIEBERT GLOBAL SERVICES 1,474.75
LINDA LUMPKIN 454.04
LISIO, JOHN 1,007.45
LONGHURST, JOHN 2,214.61
LUMPKIN, LINDA 45.00
MACKINNEY SYSTEMS 195.00
MAGMA FOUNDRY TECHNOLOGIES 3,000.00
MAINLINE INFORMATION SYSTEMS 2,300.00
MALECKI, ELIZABETH 1,380.00
MALLON, ROBERT 1,052.31
MALLOY - 611996 172,338.48
MARSH USA INC. 56,250.00
MARTINEZ, FRED 2,562.81
MAYER,BROWN,ROWE & MAW 232.50
VENDOR TOTAL DISBURSEMENTS
- -------------------------------- -------------------
MCCOLLUM, WILLIAM E. 1,200.21
MCI 622.74
MEDCO HEALTH 461,131.36
Metallurg 25,677.11
METLIFE 20,654.53
METLIFE DENTAL 75,539.21
METRO METAL PRODUCTS 3,525.76
METRO METAL PRODUCTS 8,000.00
Midland Industries, Inc. 63,641.06
MILBANK TWEED HADLEY MCCLOY LLP 230,325.19
Miller & Co. 312,124.37
MILLER, ALAN 673.45
MINNEAPOLIS PAYROLL 947,895.49
MINNEAPOLIS SALES TAX 5,788.00
MINNESOTA DEPT OF HEALTH 125.00
MONROE PAYROLL 1,284,833.87
MOORE, TERRY 2,070.77
MPC 15,472.80
MSC Industrial Supply 3,370.52
National Material Trading 691,125.64
NEMSHICK, DAVID 48.53
Noranda Aluminum 129,271.46
Norfolk Southern 80,000.00
OFFICE DEPOT, INC. 2,999.76
Ohio Screw Products 37,555.50
O'MELVENY & MYERS 44,327.82
OmniSource Corporation-Copper 159,740.00
OmniSource Corporation-Steel 7,891,452.57
Oneok Energy Marketing 27,329.62
PAGE, SCRANTOM, SPROUSE, 1,943.07
PAMS, GENE 22.75
Parker Hannifin 25,118.54
PATZWALDT, JEFF 932.57
PBCC 5.31
PC MALL, INC. 340.10
PEPPER HAMILTON LLP 154,725.97
Per Mar Security Services 1,921.50
PLANTERRA GREENHOUSES 87.00
PLASKO, RANDALL 338.69
PLYMOUTH WAYNE, INC. 18.70
Porter Warner Industries 76,293.92
PREMIER TECHNOLOGY GROUP, LLC 449.08
Primetrade, Inc. 1,162,836.49
PROFORMA 1,819.75
PRUCHA, TOM 1,098.61
PUTNAM 401K 144,832.31
QWEST 5.14
RACINE PAYROLL 162,380.70
RAR HOLDINGS, INC. 3,322.00
REINHART,BOERNER,VAN DEUREN, 567.71
RES Manufacturing 24,471.42
RI Lampus 39,784.96
RIDLEY'S BAKERY CAFE 125.80
ROBERT HALF TECHNOLOGY 7,332.00
ROBERTS, DONALD 805.33
RUFF, GARY F. 131.70
RUTHERFORD, JOHN 1,416.55
SANDERS, S. DAVID 891.68
VENDOR TOTAL DISBURSEMENTS
- -------------------------------- -------------------
SAS INSTITUTE INC 7,000.47
SBC 2,390.27
SECRETARY OF STATE, GEORGIA 120.00
SECRETARY OF STATE-TN 40.00
SENIORSCRIPS 2,515.00
SHOWALTER, ERIC 769.68
SHRED-IT DETROIT 79.80
SILBERT, RICHARD 2,992.11
SOCHOR, NATHAN 336.74
SOUTHERN AIR 662.04
Spartan Light Metal Products 57,394.50
Spectro Alloys Corporation 1,463,017.45
Spray-rite 53,338.99
SPRINT 41,699.81
SPRINT CONFERENCING SERVICES 1,247.39
SPROUSE, JANE 127.53
SQUIRE,SANDERS & DEMPSEY LLP 4,589.22
SRI QUALITY SYSTEM REGISTRAR 13,166.53
STANDARD FEDERAL 14,448.64
STATE OF MICHIGAN 1,457.11
STERLING COMMERCE-73199 395.49
STEVENSVILLE PAYROLL 85,092.58
STOUT RISISIUS ROSS 43,870.84
SUNGARD AVAILABILITY SERVICES 834.00
Superior Graphite Co. 24,153.76
TAX EXECUTIVES INSTITUTE, INC 40.00
Tenneco Automotive 12,540.00
TERMINIX INTERNATIONAL 32.00
THOMSON FINANCIAL 11,609.06
Thyssen Specialty Steels, Inc. 2,039.04
Tinnerman Palnut 15,447.44
T-MOBILE 149.27
TOURNAMENT PLAYERS CLUB 23,160.00
Toyota Tsusho 130,188.87
TRADEWINDS AVIATION 8,610.41
Trans Man Logistics, Inc. 771,069.74
Trelleborg 28,980.00
TSBY RR 29,433.50
U.S. TRUSTEE 10,000.00
UGS CORP. 570.00
UMETCO Inc. 104,580.00
Unimin Corporation 71,617.90
UNITED AMERICAN INSURANCE CO. 29,892.00
US Magnesium LLC 975,603.71
VALUE OPTIONS 25,520.37
VALUEOPTIONS, INC 14,446.02
VANGUARD 55,559.21
VANGUARD GROUP 401K 182,974.73
VASS, S. REID 1,572.56
VERIZON WIRELESS MESSAGING SVC 73.57
VERIZON WIRELESS-GREAT LAKES 2,003.91
Vesuvius 19,425.29
VIRGINIA DEPT OF TAXATION 44.73
VIRGINIA DEPT. OF TAXATION 28.67
VISHAY MEASUREMENTS GROUP 1,511.54
VISUAL IMPRESSIONS 241.68
VOSS, DAVID 43.97
W.E.L. INC. 4,819.49
VENDOR TOTAL DISBURSEMENTS
- -------------------------------- -------------------
WACHTELL LIPTON ROSEN KATZ 227,045.97
WALKER, SEAN 310.87
WASTE MANAGEMENT 90.82
WAYNE BOOTH INVESTMENTS 25,300.00
Wheelabrator Abrasives 126,955.00
WINKLE, TOM 272.24
WITH OUR COMPLIMENTS, INC 55.00
WOODLAND CAFE 116.60
WOODS, ROGERS & HAZLEGROVE PLC 2,792.24
WPI 3,750.00
XEROX CORPORATION 426.11
XPEDX - LYNCHBURG 158.55
ZEIMET, RANDY 1,144.57
----------------
$ 40,086,641.01
INTERMET COPORATION
CASE # 04-67597
AT 3/31/05
CORPORATE - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 92,196.16
Misc Reconciling Items Adjusted in
April (0.91)
---------
92,195.25
Unadjusted GL Balance 92,195.25
---------
Difference $ -
=========
INTERMET CORPORATION
OUTSTANDING CHECKS
CASE #04-67597
DATE CHECK OUTSTANDING
10/22/04 91412 $ 503.39
12/29/04 92113 616.32
1/14/05 92218 70.35
1/28/05 92417 616.32
2/4/05 92456 79.10
2/25/05 92698 616.32
3/9/05 92799 9,200.00
3/9/05 92800 711.60
3/9/05 92816 132.29
3/18/05 92864 690.86
3/18/05 92913 64.50
3/24/05 92931 2,878.14
3/24/05 92935 29.75
3/24/05 92937 1,874.25
3/24/05 92939 51.79
3/24/05 92942 7,417.60
3/24/05 92947 824.42
3/24/05 92949 5,457.00
3/24/05 92954 116.00
3/24/05 92957 1,589.07
3/24/05 92958 835.96
3/24/05 92961 240.36
3/24/05 92965 500.00
3/24/05 92967 45.00
3/24/05 92972 1,347.24
3/24/05 92973 48.53
3/24/05 92983 1,434.00
3/24/05 92984 40.00
3/24/05 92985 120.00
3/24/05 92989 272.24
3/24/05 92990 19.39
3/24/05 92996 90.82
3/24/05 92998 158.55
3/24/05 93001 28,205.00
3/24/05 93002 25,300.00
$ 92,196.16
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MARCH 31, 2005
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: APRIL 20, 2005 ______________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Form 6
Intermet Corporation
Month Ended March 31, 2005
NAME: GARY ROBERT E. JOHN B. TODD THOMAS E. ALAN J.
RUFF BELTS TIMOTHY R. RUTHERFORD HEAVIN PRUCHA MILLER
JOB DUTIES: Chairman & CEO VP Finance GILLILAND VP-Sales & VP-Ferrous VP-Technical VP, General Counsel
Director and CFO VP- Light Metals Marketing Metals Services Ass't Secretary
-------- ------- ---------------- --------- ------ -------- ---------------
(MONTHLY)
COMPENSATION: $ 41,667 $21,667 $ 16,667 $ 16,667 $ 17,500 $ 14,583 $ 18,750
----------------------------------------------------------------------------------------------------
BENEFITS PAID:
Health Insurance 772 772 546 546 772 546 546
Exec-U-Care 358 358 358 358 358 358 358
Long Term Disability 142 142 142 142 142 124 142
Life Insurance 364 190 148 148 154 128 164
Deferred Comp
Retirement 0 0 0 0 0 0 0
Company Vehicle 1,104 850 850 850 855 722 850
Cell Phone 62 85 64
(EXPENSE REIMBURSE):
Meals & Entertainment 280 336 162
Travel 56 30 353 654 331 73
Communications (cell phone,
internet on travel, etc.) 76 132 58
Dues & Subscriptions
Misc--Meeting/ Conference/
Luncheon 426 520
Misc--Auto 28
Misc--Software fee 600
OTHER PAYMENTS:
Rents Paid
Loans
Other (Describe)
Social Club Membership dues 7,720 7,720 7,720
Dues & Subscriptions 681
----------------------------------------------------------------------------------------------------
TOTAL OF ALL PAYMENTS $ 44,538 $31,790 $ 19,476 $ 27,932 $ 19,844 $ 17,560 $ 29,885
====================================================================================================
NAME: GREG
BYTHA WAHOWIAK MICHAEL
JOB DUTIES: MILLS Business Systems SKRZYPCAK MARY JO KARJALA
VP- Administration Director Treasurer Secretary Total
------------------ -------- --------- --------- -----
(MONTHLY)
COMPENSATION: $ 12,500 $ 11,917 $ 10,833 $ 6,000 $ 188,750
---------------------------------------------------------------------------
BENEFITS PAID:
Health Insurance 284 487 772 546 6,586
Exec-U-Care 358 358 0 0 3,225
Long Term Disability 106 101 92 51 1,325
Life Insurance 109 103 94 54 1,657
Deferred Comp 0
Retirement 0 0 0 0 0
Company Vehicle 850 650 0 0 7,580
Cell Phone 42 41 294
(EXPENSE REIMBURSE): 0
Meals & Entertainment 778
Travel 1,498
Communications (cell phone,
internet on travel, etc.) 266
Dues & Subscriptions 0
Misc--Meeting/ Conference/
Luncheon 70 1,016
Misc--Auto 28
Misc--Software fee 600
OTHER PAYMENTS: 0
Rents Paid 0
Loans 0
Other (Describe) 0
Social Club Membership dues 23,160
Dues & Subscriptions 681
0
---------------------------------------------------------------------------
TOTAL OF ALL PAYMENTS $ 14,208 $ 13,658 $ 11,833 $ 6,721 $ 237,444
===========================================================================
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
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 MARCH 31, 2005:
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: APRIL 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 3-31-05
($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 - 68
Depreciation & Amortization - -
Other Allocated Fixed Costs - -
Other Fixed Costs - -
---- -------
Cost of Goods Sold - 68
Gross Profit - (68)
Plant SG&A Expense - -
SG&A Expense - Allocation (Sched 1) - -
Other Operating Expenses 3 1,580
---- -------
Total Operating Expenses 3 1,580
Operating Profit (3) (1,648)
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 (3) (1,647)
Income Tax Expense (1) 6
---- -------
Net Income ($2) ($1,653)
==== =======
Intermet Corp and Subsidiaries
Corporate Selling, General and Administrative Costs
(Allocation of Corporate Costs to Filing Entities)
(000's)
Schedule 1
March
March
------
Officer Compensation $ 189
Salary Expense other Employees 919
Employee Benefits and Pension 105
Payroll Taxes 60
Other Taxes 0
Rent and Lease Expense 216
Interest Expense
Insurance 62
Automobile and Truck Expense 11
Utilities(Gas Electric,Phone) 68
Depreciation 87
Travel and Entertainment 80
Repairs and Maintenance 51
Advertising/Promotion 0
Supplies, Office Expense 32
OTHER:
Contributions 0
Professional Fees-Audit/Tax 350
Bank Fees 15
Public Reporting Fees 16
Employee Relocation/Training 2
Data Processing 29
Dues and Subscriptions 36
Outside Services 172
Project Development Costs net of Billings 73
Director Fees 25
Miscellaneous 4
Legal Fees 1
Cost Allocation-Europe (78)
Cost Allocation-Out (273)
------
$2,250
======
Allocation:
Wagner Castings 191
Northern Castings 51
Ironton Iron 0
Lynchburg Foundry 193
Columbus Foundry 313
Wagner Havana 0
Intermet U.S. Holdings 261
Cast-Matic Corp. 82
Diversified Diemakers 257
Ganton Technologies 168
Tool Products 137
Corporate 597
------
Total $2,250
======
INTERNET Corp. and Subsidiaries
Balance Sheet as of 03-31-05
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 (1,572)
--------
NET FIXED ASSETS 557
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 $ 690
========
Liabilities and Shareholder Equity
POST PETITION LIABILITIES
Accounts Payable $ 0
Wages and Salaries (See schedule) 0
Taxes Payable-(See schedule) 2
--------
Total Post Petition Liabilities 2
SECURED LIABILITIES:
SECURED BANK DEBT 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 0
--------
Total Taxes and Other Priority Liabilities 0
Unsecured Liabilities
Accounts Payable 0
Senior & IDR Bonds 0
--------
Total Unsecured Liabilities 0
OTHER LIABILITIES
Accrued Liabilities 152
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 36,950
Minority Interest 0
--------
TOTAL LIABILITIES 37,104
Common Stock 10
Capital In Excess Of Par Value 90
Retained Earnings - Prepetition (34,861)
Retained Earnings - Post Petition (1,653)
Equity In European Operations
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
--------
TOTAL SHAREHOLDER EQUITY (36,414)
--------
TOTAL LIABILITIES AND EQUITY $ 690
========
PERIOD ENDED: 03-31-05 ALEXANDER CITY CASTING CO., INC. CASE #04-67599
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
2/28/2005 Withheld Deposits 3/31/2005
--------- --------- ---------- ---------
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 $ 1,800 $ 474 $ 0 $ 2,274
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: MARCH 31, 2005
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: APRIL 20, 2005 ______________________________
Debtor in Possession
Form 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MARCH 31, 2005
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: APRIL 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 MARCH 31, 2005:
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: APRIL 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 3-31-05
($000's)
CASE #04-67605
CAST-MATIC
CORP
-----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales $ 4,101 $21,722
Cost of Goods Sold
Materials and Freight 2,401 12,648
Wages - Hourly 273 1,554
Wages-Salary 140 808
Employee Benefits and Pension 93 626
Repairs & Maintenance 66 495
Supplies 254 1,165
Utilities 110 659
Purchased Components/Services 191 1,001
Income(loss) from Pattern Sales - -
Fixed Asset - (gain/loss) - -
MIS Expense 9 57
Travel & Entertainment 2 12
Other Variable Costs 127 845
Depreciation & Amortization 158 967
Other Allocated Fixed Costs - (2)
Other Fixed Costs 100 495
------- --------
Cost of Goods Sold 3,924 21,330
Gross Profit 177 392
Plant SG&A Expense - -
SG&A Expense - Allocation (Sched 1) 82 475
Other Operating Expenses - 55
------- --------
Total Operating Expenses 82 530
Operating Profit 95 (138)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (84) (265)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) - 9
------- --------
Total Non-Operating Expenses (84) (256)
Income Before Income Taxes 11 (394)
Income Tax Expense 9 103
------- --------
Net Income $ 2 ($ 497)
======= ========
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs March
(Allocation of Corporate Costs to Filing Entities)
(000's)
March
------
Officer Compensation $ 189
Salary Expense other Employees 919
Employee Benefits and Pension 105
Payroll Taxes 60
Other Taxes 0
Rent and Lease Expense 216
Interest Expense
Insurance 62
Automobile and Truck Expense 11
Utilities(Gas Electric,Phone) 68
Depreciation 87
Travel and Entertainment 80
Repairs and Maintenance 51
Advertising/Promotion 0
Supplies, Office Expense 32
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 15
Public Reporting Fees 16
Employee Relocation/Training 2
Data Processing 29
Dues and Subscriptions 36
Outside Services 172
Project Development Costs net of Billings 73
Director Fees 25
Miscellaneous 4
Legal Fees 1
Cost Allocation - Europe (78)
Cost Allocation - Out (273)
------
$2,250
======
Allocation:
Wagner Castings 191
Northern Castings 51
Ironton Iron 0
Lynchburg Foundry 193
Columbus Foundry 313
Wagner Havana 0
Intermet U.S. Holdings 261
Cast-Matic Corp. 82
Diversified Diemakers 257
Ganton Technologies 168
Tool Products 137
Corporate 597
------
Total $2,250
======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 03-31-05
CASE #04-67605
CAST-MATIC
CORP
--------------
Cash And Equivalents $ 0
Accounts Receivable 6,064
Short-Term Intercompany Receivables (11)
Inventories 2,346
Other Current Assets 118
-------
TOTAL CURRENT ASSETS 8,517
Land and Buildings 2,889
Machinery & Equipment 17,100
Construction In Progress 50
-------
Total Fixed Assets 20,039
Accumulated Depreciation (6,897)
-------
NET FIXED ASSETS 13,142
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 $21,659
=======
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 540
Wages and Salaries (See schedule) 65
Taxes Payable - (See schedule) 122
-------
TOTAL POST PETITION LIABILITIES 727
SECURED LIABILITIES:
SECURED BANK DEBT 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 0
-------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 0
UNSECURED LIABILITIES
Accounts Payable 3,215
Senior & IDR Bonds 0
-------
TOTAL UNSECURED LIABILITIES 3,215
OTHER LIABILITIES
Accrued Liabilities 372
Short-Term Intercompany Payables 574
Capital Leases 0
Retirement Benefits 0
Deferred Taxes - Long-Term Liability 0
Other Long-Term Liabilities 0
Long-Term Intercompany Payables 16,141
Minority Interest 0
-------
TOTAL LIABILITIES 21,029
Common Stock 0
Capital In Excess Of Par Value 2,109
Retained Earnings - Prepetition (982)
Retained Earnings - Post Petition (497)
Equity In European Operations
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
-------
TOTAL SHAREHOLDER EQUITY 630
-------
TOTAL LIABILITIES AND EQUITY $21,659
=======
PERIOD ENDED: 03-31-05 CAST-MATIC CORP. CASE #04-67605
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
2/28/2005 Withheld Deposits 3/31/2005
--------- ---------- ---------- ---------
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 5,375 978 0 6,353
Unemployment Tax: Federal 332 (194) 0 138
Unemployment Tax: State 3,692 (1,503) 0 2,189
All Other Payroll W/H 0 0 0 0
State Taxes: Inc./Sales/Use/Excise 43,692 9,346 0 53,038
Property Taxes 37,000 18,500 0 55,500
Workers Compensation 14,884 (8,976) (2,208) 3,700
--------- ---------- ---------- ---------
Total $ 104,975 $ 18,151 ($2,208) $ 120,918
Wages and Salaries 97,656 (32,436) 0 65,220
--------- ---------- ---------- ---------
Grand Total $ 202,631 ($ 14,285) ($2,208) $ 186,138
========= ========== ========== =========
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 $ 540,414 $ 540,414 $ 0 $ 0
Accounts Receivable $5,712,009 $4,015,590 $1,642,263 $ 54,157
INTERMET CORPORATION AND SUBSIDIARIES
Cash Activity Analysis:
Month Ended 3/31/2005
MONTHLY CASH STATEMENT
CASE # 04-67605
CAST-MATIC CORP (STEVENSVILLE)
----------------------------------------------------------------------------------------
ACCOUNT TYPE LOCKBOX LOCKBOX 673038 DEPOSITORY AP AP PR PR
Account # 5402699440 1851812063 361567604 2770721856 2176982979 2770721864 2176983126
BANK Stan Fed Comerica Bank One Stan Fed Comerica Stan Fed Comerica
---------- ------------ ---------- ---------- ---------- ---------- -----------
BEGINNING BANK BALANCE - - - - - - -
RECEIPTS 126,864 2,023,852 - - - - -
TRANSFERS IN (CORPORATE) - - - - 703,771 - 339,188
DIP INFLOW - - - - - - -
DISBURSEMENTS - - - - (703,771) - (339,188)
TRANSFERS OUT (CORPORATE) (126,864) (2,023,852) - - - - -
DIP REPAYMENT - - - - - - -
---------- ------------ ------ ------ ---------- ----- ----------
ENDING BANK BALANCE - - - - - - -
DISBURSEMENTS PAID FOR BY CORPORATE 2,102,380
CHECKS ISSUED 664,145
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 2,831,148
----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $5,597,673
==========
OUTSTANDING CHECKS AS OF FEBRUARY 28 220,530
VOIDED CHECKS OUTSTANDING AS OF FEBRUARY 28 (1,361)
CHECKS ISSUED IN MARCH 664,145
CHECK CLEARED IN MARCH (703,771)
----------
OUTSTANDING CHECKS AS OF MARCH 31 (SEE OUTSTANDING CHECKLIST) $ 179,544
==========
CAST-MATIC CORP. CASE NO. 04-67605
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
ACE HARDWARE $ 942.70
ADAMS REMCO, INC. 2,381.36
ADP, INC. 2,344.58
AITKEN PRODUCTS 3,060.70
ALCAN 432,408.00
ALCOA 1,110,285.80
ALFE 216,431.24
ALL-PHASE ELECTRIC SUPPLY CO 92.22
ALPHA RESOURCES 133.78
ALRO STEEL CORP 143.29
ALUAR 260,265.10
ALVAN 158.33
AMAMARK UNIFORM SERVICES, INC. 540.49
AMERICA ELECTRIC POWER 29,690.32
AMERICAN ELECTRIC POWER 28,603.00
ANDERSON PATTERN 53,590.00
ANTIBUS SCALES & SYSTEMS, INC 190.00
AQUILA 6,717.16
ARAMARK UNIFORM SERVICES, INC 1,566.20
ARAMARK UNIFORM SERVICES, INC. 1,380.57
ARROW HEALTH & SAFETY 160.57
ASSOCIATED BAG 134.18
ATKIN PRODUCTS 1,530.35
AUTOMATION DIRECT.COM 769.25
BASTIAN MATERIAL HANDLING 298.95
BEACON OPERATIONS CENTER 26,945.10
BOND FLUIDAURE, INC 477.63
BRAMMALL SUPPLY COMPANY 1,657.56
BRANDON REED 853.37
BURCHETT QUALITY TOOL 7,642.84
C. B. DEKORNE, INC 637.14
CANDAL ENTERPRISES, INC 76.88
CHARLES RYTLEWSKI 300.00
CHARLEVOIX ENERGY TRADING 70,115.79
CHEMSTATION 818.85
CHEM-TREND INC 1,627.50
CONDAT 2,673.00
CONNECTION SERVICE, CO 294.47
CONSLIDATED CONTROLS CO., INC 322.84
COVERALL OF WESTERN MICHIGAN 2,640.00
CREATIVE FINANCIAL STAFFING 16,124.00
CRYSTAL CLEAN 456.64
CUSTOM MOLD 2,177.53
D & D MACHINERY COMPANY 24,900.00
DAVID PATTERSON 210.00
DELL COMPUTER CORP. 1,744.76
DIMETEK 16,172.50
D-M-E CO 2,214.07
DOUBLEDAY OFFICE PRODUCTS 5,784.90
DOWLING MAGNETS 60.18
DOWSETT SPRING CO 137.34
DWYER INSTRUMENTS 112.78
EDMUND WEISS 40.00
EIS, INC. 2,245.90
CAST-MATIC CORP. CASE NO. 04-67605
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
E-JAY THERMO PRODUCTS, INC 449.86
EPSILON TECHNOLOGY 345.00
ERVIN EBERHART 40.00
ESCAPE 934.80
FEDEX FREIGHT 260.16
FIDELITY 2,616.00
FLOWTECH CORP. 517.39
FLOYD BARNES 177.29
GATEWAY, INC. 40.20
GEO T SCHMIDT, INC 2,863.63
GLOBAL EXCHANGE SERVICES 33.28
GREAT LAKES AUTOMATION SUPPLY 1,240.89
GRIFFIN TOOL, INC 16,761.00
H & H EXPRESS, LLC 4,847.72
HAMPTON INN 1,564.92
HELPMATE 633.69
HI-TEMP PRODUCTS, INC. 762.50
HULL LIFT TRUCK, INC 642.51
HYDRACT, INC 774.19
IKON OFFICE 289.68
IKON OFFICE 289.68
IKON OFFICE 289.68
ILLINDEN LTD 1,950.00
INDUSTRIAL GYPSUM CO., INC. 740.00
INDUSTRIAL SOLUTIONS 2,174.92
INNERSPEC TECHNOLOGIES, INC 139.00
J & L INDUSTRIAL SUPPLY 10,379.25
JACKSON, SHIELDS, YEISER, HOLT 406.26
JERZ MACHINE TOOL CORP. 14,770.00
JOHNSON'S WORKBENCH 563.40
JONES & HENRY LABORATORIES, INC 40.80
KEENER SAND & CLAY CO 1,760.00
KENDALL ELECTRIC 3,843.74
KENT RUDBECK 480.00
KMH SYSTEMS 4,082.73
LAKELAND HOSPITALS 167.38
M & I MACHINE 6,670.00
MARIE GUNKLE 165.00
MARTIN FLUID POWER 221.49
MCMASTER-CARR SUPPLY COMPANY 8,641.30
METALLURG ALUMINUM 23,147.11
MICHIGAN CHAMBER SERVICES, INC 300.51
MICHIGAN NDT 1,100.00
MICHIGAN SHIPPERS 320.35
MICHIGAN STATE UNIVERSITY 1,490.00
MITCHELL MAZE 295.07
MITTLER SUPPLY INC. 3,463.04
MOLTEN METAL EQUIP. INNOVATIONS INC 3,144.00
MOTION INDUSTRIES 3,349.88
MSC INDUSTRIAL 2,812.50
NATIONAL ELEMENT 5,672.20
NEFF ENGINEERING COMPANY 205.68
NEWARK IN ONE 462.55
NILES JANITOR SERVICE & SUPP 57.50
NISSAN (1,725.00)
CAST-MATIC CORP. CASE NO. 04-67605
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
NMHG FINANCIAL SERVICES 710.85
OKK 7,128.63
OMEGA ENGINEERING, INC 1,970.20
ONDRAKA MANAGEMENT ENTERPRISES LLC 845.00
PETTY CASH 721.71
POOCH WELDING SUPPLY COMPANY 3,717.23
PORT MANATEE FORESTRY TERMINAL 621.37
PORTABLE HEATER PARTS 78.43
PRATT INDUSTRIES 6,175.00
PROCESS ENGINEERING & EQUIPMENT 188.50
PRODUCT ACTION INTERNATIONAL, INC. 4,253.25
PRODUCTION TOOL SUPPLY 91.66
PROVIDENT LIFE 88.54
PYROTEK, INC. 88,613.77
QME QUALITY MOLD & ENGINEERING 1,245.00
R. SCOTT BLEEKS 775.50
RA MORT SUPPLY 108.57
RADDE AGENCY 56.00
RAPID PRINT 866.19
RAY'S MOTEL 756.00
RED ARROW FIRE & SAFETY, LLC 131.93
RELIABLE DISPOSAL 422.59
RMT, INC. 950.40
ROBERT BIRKHOLD 102.99
ROSE FUEL & MATERIALS, INC. 159.90
RX OPTICAL 124.00
S & S INDUSTRIAL SUPPLY 537.37
SAFETY PRODUCTS DIVISION 2,186.62
SBC AMERITECH 715.13
SCHOTT SAW CO 4,484.40
SCOPE SERVICES, INC. 46,911.70
SOUTHWESTERN MEDICAL CLINIC PC 578.00
SPARTAN WOOD PRODUCTS 2,137.50
SPECTRO ANALYTICAL INSTRUMENTS 244.19
SPENCER TURBINE CO 951.81
SPRINT 374.71
SRI 1,960.80
STATE OF MICHIGAN 260.00
STEVENSVILLE PAYROLL ISSUED (INC 2,831,148.26
SUPERIOR BUSINESS SOLUTIONS 460.48
SWAN OIL COMPANY 41.17
TCP WIRE & CABLE 622.31
TEST EQUIPMENT DISTRIBUTORS, LLC 705.37
THAYER, INC 927.83
TOM TRAINOR 119.30
TRACEE LOTZ 94.11
TRANSGROUP WORLDWIDE LOGISTICS 2,012.78
TRANS-MAN 10,851.23
TURPIN WHOLESALE, INC 215.73
UNUM LIFE INS. CO. OF AMERICA 3,663.91
VERIZON WIRELESS 177.99
W. D. DUFFILL, INC 222.35
WATCON, INC. 3,867.44
WATER DEPARTMENT 2,591.03
CAST-MATIC CORP. CASE NO. 04-67605
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
WEST MICHIGAN HYDRAULICS 4,207.48
WESTMORELAND MECH. TESTING & RES. 12,580.00
WESTOFF MACHINE COMPANY 85.86
WILLIAM A KIBBE & ASSOCIATES, INC. 1,470.00
WILLIAM ATKINS 88.50
WOOD TEMPORARY STAFFING 3,792.11
Y.E.S. 54,500.04
ZBATTERY.COM 35.38
--------------
$ 5,597,672.54
CAST-MATIC CORPORATION
CASE NO. 04-67605
AT 3/31/05
STEVENSVILLE - BANK RECONCILIATION
Bank Balance $ -
Outstanding AP Checks $ 179,543.54
Unadjusted GL Balance 179,543.54
------------
Difference $ -
============
Cast-Matic Corporation
Case No. 04-67605
STEVENSVILLE
OUTSTANDING CHECKS
Case No. 04-67605
Date Check Outstanding
2/22/2005 42641 $ 190.47
2/23/2005 42646 46.01
3/1/2005 42716 146.94
3/3/2005 42745 1,100.00
3/10/2005 42799 100.43
3/11/2005 42832 135.21
3/16/2005 42852 239.57
3/17/2005 42879 448.58
3/17/2005 42909 35.38
3/18/2005 42917 331.46
3/18/2005 42919 245.84
3/22/2005 42927 222.43
3/22/2005 42928 633.21
3/24/2005 42945 232.33
3/24/2005 42951 1,490.00
3/24/2005 42960 131.93
3/24/2005 42964 338.00
3/24/2005 42966 289.41
3/24/2005 42975 40.00
3/28/2005 42977 2,137.50
3/28/2005 42978 1,572.00
3/28/2005 42979 7,128.63
3/28/2005 42980 1,232.78
3/28/2005 42981 345.00
3/28/2005 42982 6,175.00
3/29/2005 42983 2,513.23
3/29/2005 42985 396.80
3/29/2005 42986 925.62
3/29/2005 42987 3.48
3/30/2005 42988 1,224.28
3/30/2005 42989 1,829.23
3/31/2005 42990 32.78
3/31/2005 42991 138.29
3/31/2005 42992 408.03
3/31/2005 42993 238.56
3/31/2005 42994 3,060.70
3/31/2005 42995 44.25
3/31/2005 42996 5.55
3/31/2005 42997 692.87
3/31/2005 42998 243.00
3/31/2005 42999 5,295.46
3/31/2005 43000 201.84
3/31/2005 43001 79.71
3/31/2005 43002 5,878.84
3/31/2005 43003 384.10
3/31/2005 43004 76.88
3/31/2005 43005 53.97
3/31/2005 43006 3,132.00
3/31/2005 43007 1,320.00
3/31/2005 43008 24,900.00
3/31/2005 43009 222.35
3/31/2005 43010 934.80
3/31/2005 43011 1,180.00
3/31/2005 43012 457.50
3/31/2005 43013 3,631.90
3/31/2005 43014 1,564.92
3/31/2005 43015 93.50
3/31/2005 43016 591.81
3/31/2005 43017 653.74
3/31/2005 43018 10,285.00
3/31/2005 43019 669.82
3/31/2005 43020 2,084.13
3/31/2005 43021 93.30
3/31/2005 43022 158.55
3/31/2005 43023 591.00
3/31/2005 43024 205.68
3/31/2005 43025 710.85
3/31/2005 43026 57.50
3/31/2005 43027 370.24
3/31/2005 43028 39,951.29
3/31/2005 43029 79.95
3/31/2005 43030 28.00
3/31/2005 43031 747.41
3/31/2005 43032 472.72
3/31/2005 43033 1,082.20
3/31/2005 43034 9,614.87
3/31/2005 43035 2,336.20
3/31/2005 43036 89.52
3/31/2005 43037 10,350.00
3/31/2005 43038 481.07
3/31/2005 43039 85.86
3/31/2005 43040 300.00
3/31/2005 43041 417.20
3/31/2005 43042 10,123.60
3/31/2005 43043 303.47
3/31/2005 43044 165.00
3/31/2005 43045 40.50
3/31/2005 43046 94.11
3/31/2005 43047 37.10
3/31/2005 43048 119.30
$179,543.54
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MARCH 31, 2005
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: APRIL 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 MARCH 31, 2005:
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: APRIL 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 3-31-05
($000's)
CASE #04-67609
COLUMBUS
FOUNDRY
---------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales $ 15,045 $ 79,063
Cost of Goods Sold
Materials and Freight 4,114 27,354
Wages - Hourly 1,857 10,300
Wages-Salary 474 2,867
Employee Benefits and Pension 922 5,436
Repairs & Maintenance 812 4,403
Supplies 809 4,177
Utilities 890 5,141
Purchased Components/Services 574 4,749
Income(loss) from Pattern Sales 42 (586)
Fixed Asset - (gain/loss) - 11
MIS Expense 52 325
Travel & Entertainment 9 50
Other Variable Costs 647 1,422
Depreciation & Amortization 404 3,035
Other Allocated Fixed Costs - 3
Other Fixed Costs 190 924
---------- ----------
Cost of Goods Sold 11,796 69,611
Gross Profit 3,249 9,452
Plant SG&A Expense 42 196
SG&A Expense - Allocation (Sched 1) 313 1,809
Other Operating Expenses - 415
---------- ----------
Total Operating Expenses 355 2,420
Operating Profit 2,894 7,032
Outside Interest Income - -
Outside Interest (Expense) - (6)
Intercompany Interest Income - -
Intercompany Interest (Expense) (284) (1,012)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) - -
---------- ----------
Total Non-Operating Expenses (284) (1,018)
Income Before Income Taxes 2,610 6,014
Income Tax Expense 33 225
---------- ----------
Net Income $ 2,577 $ 5,789
========== ==========
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs March
(Allocation of Corporate Costs to Filing Entities)
(000's)
March
-------
Officer Compensation $ 189
Salary Expense other Employees 919
Employee Benefits and Pension 105
Payroll Taxes 60
Other Taxes 0
Rent and Lease Expense 216
Interest Expense
Insurance 62
Automobile and Truck Expense 11
Utilities(Gas Electric,Phone) 68
Depreciation 87
Travel and Entertainment 80
Repairs and Maintenance 51
Advertising/Promotion 0
Supplies, Office Expense 32
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 15
Public Reporting Fees 16
Employee Relocation/Training 2
Data Processing 29
Dues and Subscriptions 36
Outside Services 172
Project Development Costs net of Billings 73
Director Fees 25
Miscellaneous 4
Legal Fees 1
Cost Allocation - Europe (78)
Cost Allocation - Out (273)
-------
$ 2,250
=======
Allocation:
Wagner Castings 191
Northern Castings 51
Ironton Iron 0
Lynchburg Foundry 193
Columbus Foundry 313
Wagner Havana 0
Intermet U.S. Holdings 261
Cast-Matic Corp. 82
Diversified Diemakers 257
Ganton Technologies 168
Tool Products 137
Corporate 597
-------
Total $ 2,250
=======
INTERMET corp. and Subsidiaries
Balance Sheet as Of 03-31-05
CASE #04-67609
--------------
COLUMBUS
FOUNDRY
--------------
Cash And Equivalents $ 0
Accounts Receivable 23,027
Short-Term Intercompany Receivables 5
Inventories 7,216
Other Current Assets (11)
----------
TOTAL CURRENT ASSETS 30,237
Land and Buildings 12,701
Machinery & Equipment 79,214
Construction In Progress 128
----------
Total Fixed Assets 92,043
Accumulated Depreciation (62,112)
----------
NET FIXED ASSETS 29,931
Investment In Subsidiaries 0
Investment In European Operations 0
Long-Term Intercompany Receivables 27,325
Deferred Taxes, Long-Term Asset 0
Other Assets 635
----------
TOTAL ASSETS $ 88,128
==========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 1,026
Wages and Salaries (See schedule) 568
Taxes Payable - (See schedule) 936
----------
TOTAL POST PETITION LIABILITIES 2,530
SECURED LIABILITIES:
SECURED BANK DEBT 0
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes 0
Accrued Tax - State 0
Accrued Property Taxes 0
Accrued Workers Comp. 272
Accrued Payroll 0
Accrued Payroll Taxes 0
----------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 272
UNSECURED LIABILITIES
Accounts Payable 10,152
Senior & IDR Bonds 0
----------
TOTAL UNSECURED LIABILITIES 10,152
OTHER LIABILITIES
Accrued Liabilities 2,734
Short-Term Intercompany Payables 85
Capital Leases 0
Retirement Benefits (965)
Deferred Taxes - Long-Term Liability 0
Other Long-Term Liabilities 0
Long-Term Intercompany Payables 1,336
Minority Interest 0
----------
TOTAL LIABILITIES 16,144
Common Stock 0
Capital In Excess Of Par Value 4,592
Retained Earnings - Prepetition 61,603
Retained Earnings - Post Petition 5,789
Equity In European Operations
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
----------
TOTAL SHAREHOLDER EQUITY 71,984
----------
TOTAL LIABILITIES AND EQUITY $ 88,128
==========
PERIOD ENDED: 03-31-05 COLUMBUS FOUNDRY CASE #04-67609
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
2-28-05 Withheld Deposits 3-31-05
------------ ------------ ------------ ------------
Income tax withheld: Federal $ (45,311) $ (209,480) $ 224,911 $ (29,880)
Income tax withheld: State (20,064) (93,539) 99,083 (14,520)
Income tax withheld: Local 0 0 0 0
FICA Withheld (33,949) (158,758) 165,766 (26,940)
Employers FICA (38,610) (187,650) 165,766 (60,494)
Unemployment Tax: Federal (37,268) (7,059) 0 (44,327)
Unemployment Tax: State (100,859) (32,255) 0 (133,114)
All Other Payroll W/H (141,425) (165,345) 197,443 (109,327)
State Taxes: Inc./Sales/Use/Excise (188,200) (116,896) 77,902 (227,193)
Property Taxes (100,000) (50,000) 0 (150,000)
Workers Compensation (100,000) (40,000) 0 (140,000)
------------ ------------ ------------ ------------
Total $ (805,685) $ (1,060,982) $ 930,871 $ (935,796)
Wages and Salaries (229,708) (2,472,738) 2,134,504 (567,942)
------------ ------------ ------------ ------------
Grand Total $ (1,035,393) $ (3,533,720) $ 3,065,375 $ (1,503,738)
============ ============ ============ ============
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 $ 1,026,270 $ (1,167,403) $ 338,253 $ 1,855,420
Accounts Receivable $ 23,490,448 $ 22,144,750 $ (22,674) $ 1,368,372
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 3/31/2005
MONTHLY CASH STATEMENT
CASE # 04-67609
COLUMBUS FOUNDRY
---------------------------------------------------------------------
ACCOUNT TYPE LOCKBOX 77691 DEPOSIT AP PR (HOURLY) PR (SALARY)
ACCOUNT # 269833 5401086425 2770716492 2770716484 2770716658
BANK Bank One Stan. Fed. Stan. Fed. Stan. Fed. Stan. Fed.
- ------------------------- ------------- ----------- ----------- ---------- -----------
BEGINNING BANK BALANCE - - - - -
RECEIPTS - 10,817,966 10,497 - -
TRANSFERS IN (CORPORATE) - - 3,696,152 1,918,162 415,051
DIP INFLOW - - - - -
DISBURSEMENTS - - (3,706,649) (1,918,162) (415,051)
TRANSFERS OUT (CORPORATE) - (10,817,966) - - -
DIP REPAYMENT - - - - -
----------- ----------- ----------- ---------- -----------
ENDING BANK BALANCE - - - - -
DISBURSEMENTS PAID FOR BY CORPORATE 5,274,994
CHECKS ISSUED 3,668,860
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 2,371,396
-----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $11,315,249
===========
OUTSTANDING CHECKS AS OF FEBRUARY 28 683,686
VOIDED CHECKS OUTSTANDING AS OF FEBRUARY 28 -
Checks Issued in March 3,668,860
Does not include $ 88,296.71 of EFT's
CHECK CLEARED IN MARCH (3,608,123) relating to sales tax and child support.
----------- Does include $10,497.28 of checks posted
OUTSTANDING CHECKS AS OF MARCH 31 (SEE OUTSTANDING CHECKLIST) $ 744,423 and returned.
===========
COLUMBUS FOUNDRY
CASE NO. 04-67609
AT 3/31/05
COLUMBUS FOUNDRY - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 744,422.75
Misc Reconciling Items Adjusted in April (10,192.44)
------------
734,230.31
Unadjusted GL Balance 734,230.31
------------
Difference $ -
============
COLUMBUS FOUNDRY
OUTSTANDING CHECK LIST
CASE NO. 04-67609
DATE CHECK OUTSTANDING
- -------- ------ -----------
10/15/04 15522 $ 308.38
10/20/04 15599 270.84
12/2/04 16428 270.84
2/11/05 17869 14,175.90
2/11/05 17893 100.00
2/17/05 18012 1,495.70
3/3/05 18325 1,000.00
3/9/05 18407 131.95
3/9/05 18410 779.81
3/9/05 18411 540.06
3/11/05 18449 23.95
3/16/05 18572 5,835.00
3/16/05 18596 450.00
3/16/05 18605 824.85
3/16/05 18615 200.00
3/17/05 18663 3,331.00
3/17/05 18675 168.85
3/17/05 18678 925.00
3/17/05 18682 8,223.08
3/17/05 18684 11,086.20
3/17/05 18695 400.00
3/17/05 18699 34,437.60
3/22/05 18720 10,845.15
3/22/05 18722 787.50
3/22/05 18741 610.00
3/22/05 18746 8,323.83
3/22/05 18755 209.32
3/22/05 18762 176.87
3/25/05 18774 100.00
3/25/05 18781 17,437.20
3/25/05 18783 2,005.80
3/25/05 18788 148.64
3/25/05 18791 570.00
3/25/05 18792 2,551.50
3/25/05 18798 2,200.00
3/25/05 18801 3,222.00
3/25/05 18808 5,022.50
3/25/05 18812 729.74
3/25/05 18815 160.50
3/25/05 18820 24,647.00
3/25/05 18827 33.55
3/25/05 18828 356.62
3/25/05 18829 35.00
3/25/05 18834 36,949.86
3/25/05 18835 28,224.00
3/25/05 18837 39,504.00
3/30/05 18843 2,835.40
3/30/05 18844 427.61
3/30/05 18845 404.89
3/30/05 18846 4,123.78
3/30/05 18847 1,104.12
3/30/05 18848 753.97
3/30/05 18849 4,365.00
3/30/05 18850 2,764.00
3/30/05 18851 799.37
3/30/05 18852 3,943.20
3/30/05 18853 1,325.59
3/30/05 18854 610.07
3/30/05 18855 586.65
3/30/05 18856 1,092.07
3/30/05 18857 431.12
3/30/05 18858 5,698.00
3/30/05 18859 4,233.64
3/30/05 18860 1,716.00
3/30/05 18861 1,203.80
3/30/05 18862 798.90
3/30/05 18863 650.00
3/30/05 18864 8,210.54
3/30/05 18865 2,582.32
3/30/05 18866 10,550.70
3/30/05 18867 16,229.76
3/30/05 18868 1,319.71
3/30/05 18869 12,363.05
3/30/05 18870 13,335.00
3/30/05 18871 8,860.00
3/30/05 18872 5,525.60
3/30/05 18873 7,044.00
3/30/05 18876 17,728.81
3/30/05 18877 407.48
3/30/05 18878 11,323.00
3/30/05 18879 236.54
3/30/05 18880 4,322.50
3/30/05 18881 10,844.51
3/30/05 18882 1,064.80
3/30/05 18884 1,317.34
3/30/05 18885 80.68
3/30/05 18886 2,180.19
3/30/05 18889 15,311.37
3/30/05 18890 11,820.80
3/30/05 18891 6,464.51
3/30/05 18892 2,792.70
3/30/05 18893 7,888.78
3/30/05 18897 10,675.00
3/30/05 18898 782.74
3/30/05 18899 3,240.00
3/30/05 18900 1,473.47
3/30/05 18901 5,581.25
3/30/05 18902 611.29
3/30/05 18903 737.23
3/30/05 18904 500.00
3/30/05 18905 698.52
3/30/05 18906 436.21
3/30/05 18907 434.00
3/30/05 18908 5,593.45
3/30/05 18909 82.13
3/30/05 18910 406.50
3/30/05 18911 2,655.04
3/30/05 18912 100.00
3/30/05 18913 5,806.55
3/30/05 18914 720.00
3/30/05 18915 929.30
3/30/05 18916 6,606.46
3/30/05 18917 1,903.89
3/30/05 18918 5,616.00
3/30/05 18919 12,320.88
3/30/05 18920 1,020.00
3/30/05 18921 20.87
3/30/05 18922 79.06
3/30/05 18923 756.20
3/30/05 18924 102.00
3/30/05 18925 49.89
3/30/05 18926 3,000.00
3/30/05 18927 19,743.63
3/30/05 18928 270.00
3/30/05 18929 400.00
3/30/05 18931 66,840.22
3/30/05 18932 27,674.40
3/30/05 18936 25,685.61
3/30/05 18937 41,369.50
$744,422.75
COLUMBUS FOUNDRY CASE No. 04-67609
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------------------------------ -------------------
ABEL, JOHN N $ 227.01
ADECCO EMPLOYMENT SERVICES 57.60
ADP INC 5,670.80
ADULT PROBATION OFFICE 1,935.08
ADVANCED ALLOYS, INC. 1,427.64
ADVANCED OFFICE PRODUCT 323.57
AETNA US HEALTHCARE 9,832.34
AIR COMPRESSOR TECHNOLOGIES 12,548.11
AIR SPECIALIST INC 3,157.34
AIRGAS DRY ICE 3,236.20
AIRGAS SOUTH INC. 1,363.51
ALABAMA CHILD SUPPORT PAYMENT 13,789.12
ALABAMA CHILD SUPPORT PAYMENT 362.50
ALEXANDERSON, ERIC 287.06
ALLEGRA PRINT & IMAGING 5,371.38
ALLEN RICHIE 400.00
ALLEN, JOHN F. 1,332.84
ALLIED MINERAL PRODUCTS INC 104,461.93
ALPHA RESOURCES INC 1,097.58
AMERALLOY STEEL COPRORATION 1,581.52
AMERICAN BUSINESS FORMS 11,625.07
AMERICAN COLLOID COMPANY 325,819.66
AMERICAN EYE CARE 492.25
AMERICAN FAMILY LIFE 214.39
AMERICAN TESTING LABORATORY 225.00
AQUATROL(DIV. OF MOMAR) 3,200.00
ASQ 30.00
ATMOS ENERGY 123,337.25
ATR INCORPORATED 1,104.12
AUTOMATED BUSINESS MACHINES 1,435.97
B & B RAILROAD CONSTRUCTION 4,365.00
BANU LEARNING SYSTEMS, LLC 100.00
BARBIER, MARK 3,817.29
BARLOWORLD HANDLING LP 25,768.07
BEARDSLEY & PIPER, LLC 148.00
BEAUFORT COUNTY FAMILY COURT 253.08
BELL SOUTH 2,349.00
BELLWEATHER, INC 644.68
BERGER ANDERSON 756.20
B-H TRANSFER CO 36,721.92
BHA GROUP INC 2,787.84
BLAKE & PENDLETON INC. 5,389.31
BLASTCRETE EQUIPMENT COMPANY 991.69
BRAMMER STANDARD CO., INC. 1,347.13
BROADSPIRE SERVICES INC 42,838.83
BUCKEYE BUSINESS PRODUCTS, INC 799.37
C.A. PICARD SURFACE ENGIN 18,976.84
CAIL TOOL & MACHINERY, INC 11,904.00
CAMERON & BARKLEY CO. 3,806.90
CARLA DEVITA REED 600.00
CARRIER VIBRATING EQUIPMENT, I 14,324.37
CASTROL INDUSTRIAL N A 4,998.77
CECO ASSOCIATES 4,464.00
CENTRAL TRANSPORT 776.27
CERTIFIED LABORATORIES 560.67
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------------------------------ -------------------
CHAMPION CHISEL WORKS, INC. 7,212.45
CHAPTER 13 TRUSTEE 24,295.52
CHEMSEARCH 1,060.76
CHILD SUPPORT ENFORCEMENT, FSR 1,606.00
CHILD SUPPORT ENFORCEMENT, FSR 450.00
CINTAS CORP. 6,046.89
CINTAS CORPORATION 1,056.08
CIT TECHNOLOGY FIN SERV, INC 2,392.52
CLERK OF MUNICIPAL COURT 980.21
CLERK OF THE CIRCUIT COURT 469.66
CLIENT SERVICES ECM (FIDELITY) 105.10
COBB WIRE ROPE & SLING CO. 2,112.05
COLUMBUS INDUSTRIAL SUPPLY 2,705.93
COLUMBUS LEDGER 102.00
COLUMBUS SECURITY 107.86
COLUMBUS STATE UNIVERSITY 1,000.00
COLUMBUS WATER WORKS 98.00
CONSTRUCTION MANAGEMENT SERVIC 29,205.00
CORINNE T. HURST/CIRCUIT CLERK 151.00
COTI INC 3,098.17
CROWN EQUIPMENT CORP. 213.17
CTC ANALYTICAL SERVICES, INC. 160.25
CURTIS REDDING 1,428.00
DANEE INC 6,873.45
DANIELS, RICHARD 356.62
DATAMYTE 321.00
DAUBER COMPANY, INC. 98,784.00
DAY-TIMERS, INC. 176.49
DEFENDER SERVICES INC 19,730.23
DELL RECEIVABLES L.P. 18,102.86
DIDION INTERNATIONAL INC 39,750.30
DISAMATIC 68,604.20
DYNAMIC AIR INC. 2,494.51
DYSON CONVEYOR 795.65
EAGLITE CHEMICALS 25,386.00
EARTHLINK INC 23.95
EAST COAST INDUSTRIAL TIRE 18,035.83
EBCO BATTERY CO 54.52
EDDIE WILLIAMS 8,103.61
EDDINS ENGINEERING 650.00
EDWARD E. RIFFLE 450.00
ELECTRIC MELTING SRVCES SW INC 72,982.58
ELKEM METALS, INC. 101,389.42
ENTERPRISE 1,118.79
ENVIRONMENTAL RESOURCE ANALYST 1,947.00
ENVIRONMENTAL TECHNOLOGY CORP 48.20
ETA ENGINEERING, INC. 312.17
F & B AUTO ELECTRIC SERVICE 777.89
FERGUSON ENTERPRISES 8,210.54
FLETCHER OIL INC. 12,257.57
FORKLIFT'S PLUS, INC. 540.54
FREEMAN MFG. & SUPPLY CO. 446.46
G E CAPITAL 009 5,530.89
G E CAPITAL 005 10,550.70
G E CAPITAL 006 16,229.76
G E CAPITAL 008 7,553.13
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------------------------------ -------------------
G.E. CAPITAL -002 14,678.25
GA AUTOMATION CO. INC. 531.34
GENERAL KINEMATICS 1,319.71
GENTRY MACHINE WORKS, INC. 59,866.82
GEORGIA DEPARTMENT OF LABOR 131.95
GEORGIA DEPT OF AGRICULTURE 35.00
GEORGIA POWER 623,707.13
GLENN PETRIK 1,286.99
GLOBAL DOSIMRY SOLUTIONS INC 165.67
GLOBAL EQUIPMENT CO. 148.64
GLOBAL TECHNOLOGY, LLC 39,795.00
GLOBE METALLURGICAL INC 303,899.40
GRAYLINK 558.50
GREENERD PRESS AND MACHINE COM 3,000.00
GWINNETT MAGISTRATE COURT 889.42
HA INTERNATIONAL LLC 33,540.79
HARTLEY CONTROLS INC. 1,545.00
HARTZ CHICKEN 308.10
HASLER MAILING SYSTEMS 205.44
HAUTT, PETE 528.95
HERAEUS ELECTRO-NITE CO. 46,057.79
HIGGINS TECHNICAL SERVICE 1,000.00
HOBBS MACHINE SHOP 40.00
HOUGHTON INTERNATIONAL 7,853.01
HUDSON, MILLER, FAYNE 30.00
IFCO INDUSTRIAL CONTAINER SYS 853.86
IKON OFFICE SOLUTIONS 317.28
INDUCTOTHERM CORP. 48,344.00
INDUSTRIAL 1 SUPPLY CO. 67,651.60
INDUSTRIAL CHEMICALS 1,997.58
INDUSTRIAL COMBUSTION SVCE INC 4,379.60
INDUSTRIAL METAL FABRICATORS 41,273.88
INDUSTRIAL POWDER COATINGS 1,248.50
INDUSTRIAL SORTING SERVICES, I 2,551.50
INNOVATECH PRODUCTS 756.70
INTERNAL REVENUE SERVICE 1,098.00
INTERNATIONAL TREASURER-USAW 12,626.61
INTERSTATE ELECTRICAL SUPPLY 88,178.92
JESS W. JACKSON & ASSOCIATES 2,754.66
JOE RENAULD 309.76
JOHN H. GERMERAAD, TRUSTEE 475.00
JOHNSON DIVERSITY/ DUBOIS 2,868.94
JOHNSTONE SUPPLY 659.10
KEITH'S LOCK & KEYS 408.25
KENT RUDBECK 7,428.45
K-MART 44.68
KNOX PEST CONTROL 186.00
KRAUTKRAMER BRANSON, INC 4,319.46
LABCORP OF AMERICA HOLDINGS 575.00
LAEMPE + REICH CORPORATION 5,524.62
LAND TRANSPORTATION 124,686.54
LARPEN METALLURGIAL SERVICE 167,700.00
LASER CHECKS OF GEORIGIA, LLC 196.88
LEADING EDGE 30,855.00
LINA 272.00
LINDE GAS LLC 5,580.78
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------------------------------ -------------------
LOGAN MACHINE WORKS, INC 2,200.00
LORAMENDI, INC 400.00
MACAWBER ENGINEERING, INC. 5,826.00
MAGISTRATE COURT OF 1,604.66
MANPOWER 117.60
MARCH OF DIMES 400.00
MARJO PLASTICS CO., INC. 4,322.50
MARLIN KEITH 540.06
MARTIN BROTHERS CONTAINERS 58,271.14
MAXIMUM IMPACT 598.00
MAYS, DANNY J. 50.37
MCI 918.33
MCI CONFERENCING 123.84
MCMASTER-CARR SUPPLY CO 1,384.68
MERCER 4,577.00
METALDYNE 10,764.00
METOKOTE CORPORATION 116,235.72
MICHAEL SMITH 1,044.00
MIDWEST INSTRUMENT COMPANY 1,200.50
MIKE GRAY 432.00
MIKE GROVE 3,000.00
MIKE WINDISH 3,024.31
MILLER AND COMPANY LLC 108,928.87
MILLER LANDSCAPING 700.00
MODERN EQUIPMENT COMPANY 2,270.34
MOORE MEDICAL CORP 80.68
MORGAN TRANSPORTATION 1,868.07
MORRIS MATERIAL HANDLING 24,819.03
MOTION INDUSTRIES, INC. 68,849.44
MSC INDUSTRIAL SUPPLY CO. 348.50
MT SYSTEMS, INC 168.85
NATIONAL AFFILIATED TECHNOLOGI 3,987.50
NATIONAL BELT SERVICE, INC 12,665.83
NC CHILD SUPPORT CENTRALIZED 271.00
NEWCO 28,218.01
NOBLE COUNTY CLERK 1,560.01
NOBLE SALES 35,994.33
NORFOLK SOUTHERN CORPORATION 80,000.00
NORTHBEND PATTERN WORKS,LLC 60,600.00
OCCUPATIONAL MEDICINE OF 1,408.00
ODYSSEY PRINTING & GRAPHICS 3,246.38
OFFICE DEPOT CREDIT PLAN 1,547.33
OFFICE OF THE ATTORNEY GENERAL 504.00
OHIO CSPC 765.92
OMI REFRACTORIES 7,888.78
OMNISOURCE CORPORATION - COPPER 93,800.00
OMNISOURCE CORPORATION - STEEL 2,902,447.80
OVERBY COMPANY, THE 4,775.52
PAGE, SCRANTON 1,226.62
PARMER WATER COMPANY 62.61
PAYROLL ISSUED (INCLUDES DISBURSEMENTS FROM CORPORATE) 2,371,395.68
PERFECT PATTERNS INC. 104,187.50
PHILIP SERVICES CORP 5,964.80
PIEDMONT FOUNDRY SUPPLY, INC. 8,754.39
PIEDMONT NATIONAL CORPORATION 7,638.36
PINE HOLLOW, INC. 22,230.00
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------------------------------ -------------------
POST GLOVER 1,473.47
POWERMOTION 716.76
PREFERRED SOURCING 27,259.00
PREMIER FASTNER COMPANY 611.29
PRIMETRADE, INC. 953,762.21
PROFORMA 557.05
PROVIDENT LIFE 92.09
PROVIDENT LIFE & ACCIDENT INS. 3,499.52
PRYOR GIGGEY COMPANY 2,412.00
QUALI-FAB. INC. 2,700.00
RADIO WHOLESALE MARKETING 2,678.21
RANDALL D. QUINTRELL 1,261.34
REAVES WRECKING 3,498.00
RED HILL GRINDING WHEEL CORP. 1,919.38
REFRACTORY SALES & SERVICE CO. 22,320.00
REYNOLDS SUPPLY CO. 8,155.05
RICHARD MORROW 537.65
RIKEN OF AMERICA, INC. 19,743.63
ROBERTS SINTO CORPORATION 242.04
ROCKWELL AUTOMATION 700.85
RODGERS METAL CRAFT, INC 6,653.26
ROTO ROOTER 558.95
RUSS THUROW 6,000.00
SAFETY SOUTH 15,201.55
SAM'S WELDING 1,600.00
SCALE SYSTEMS, INC. 1,795.55
SCORE, INC 7,823.00
SERVICIOS INDUSTRIALES PRECISO 8,223.08
SHANNON BAKER ASSOCIATES, INC. 2,300.06
SHEMWELL, DAVID 119.78
SHEPERD NILES 8,364.35
SHERRIE FAYE LANDRY 650.00
SHOES 'N COMPANY 1,071.00
SIGNS UNLIMITED 1,165.23
SIMPSON TECHNOLOGIES 13,542.00
SMITH GRAY ELECTRIC CO., INC. 66,649.81
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------------------------------ -------------------
SMITH, MIKE 3,094.29
SOUTHEASTERN HOME OXYGEN SER 6.42
SOUTHERN STATES TOYOTALIFT 65,722.31
SOUTHLAND CHEMICAL 82.13
SPAR SPECIALTY REFRACTORIES 12,672.00
SPECIALTY CARBIDE PRODUCTS 457.62
SPECIALTY FOUNDRY PRODUCT 8,827.76
SPRINT PCS 5,658.15
STATE COLLECTION & DISBUREMENT 500.00
STATE COURT OF GWINNETT CTY 1,098.75
STATE DISBURSEMENT UNIT 3,428.94
STATE OF FLORIDA DISBURSMENT 821.84
STAVELEY SENSORS, INC. 1,450.85
STERICYCLE, INC. 79.06
SUNSOURCE/ACTIVATION 42,195.10
TECHNICAL SERVICES GROUP INC 27,747.00
THE BUSINESS RESOURCE CENTER 270.00
THE NEW KEIBLER-THOMPSON CO. 4,694.50
THERMO JARRELL ASH CORP 5,806.55
TRANS-MAN LOGISTICS, INC. 64,319.84
TRAVERS TOOL CO., INC. 203.41
TRIPLE M MANUFACTURING, INC. 1,940.00
TRU KUT INC 1,541.30
U.S. DEPT OF EDUCATION 281.23
UMETCO, INC 104,580.00
UNEEDA GLASS 413.25
UNIFIED TESTING SERVICES, INC. 1,872.00
UNIFRAX 14,601.60
UNIMIN CORPORATION 62,517.90
UNISOURCE WORLDWIDE INC 8,637.90
UNITED POWER SERVICE INC 3,661.00
UNITED REFRACTORIES COMPANY 41,369.50
UPTOWN COLUMBUS 400.00
VALLEY PLUMBING COMPANY 3,725.00
VAN ALLEN FIRST AID + SAFETY 1,578.18
VESUVIUS 19,425.29
VICTORIA BODLEY 200.00
VIMELSA INT. SA DE CV 264.38
VOLVO RENTS 7,009.30
VULCAN ELECTRO COATING 39,502.89
VULCAN ENGINEERING CO. 710.64
WAMPFLER 209.32
WARD, WILLIAM H. 146.75
WARNER PAINT & DECORATING CENT 2,925.30
WARR GRADING CONTRACTOR 38,532.00
WASTE MANAGEMENT 3,044.22
WEAVER, ROBERT W 32.00
WHEELABRATOR ABRASIVES, INC. 36,645.00
WHEELABRATOR INTERNATIONAL 44,567.64
WILLIAM A.KIBBE & ASSOCIATES 4,320.00
WINGATE INN 190.14
YANCEY BROS. CO., 11,848.09
YELLOW CAB OF COLUMBUS INC. 27.50
---------------
$ 11,315,249.46
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MARCH 31, 2005
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: APRIL 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 MARCH 31, 2005:
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: APRIL 20, 2005 /s/ Robert E. Belts
-------------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- --------------
Title Phone
Intermet Corp. and Subsidiaries
Operating Statement CASE #04-67612
For the Month Ended 3-31-05 DIVERSIFIED
($000's) DIEMAKERS
Current Month Total Since Filing
------------- ------------------
Net Sales $ 9,059 $ 44,617
Cost of Goods Sold
Materials and Freight 3,006 15,104
Wages - Hourly 1,491 8,111
Wages-Salary 169 902
Employee Benefits and Pension 721 4,731
Repairs & Maintenance 470 2,508
Supplies 101 673
Utilities 228 1,582
Purchased Components/Services - -
Income(loss) from Pattern Sales 442 1,244
Fixed Asset - (gain/loss) - -
MIS Expense - -
Travel & Entertainment 8 22
Other Variable Costs 699 2,760
Depreciation & Amortization 797 3,984
Other Allocated Fixed Costs 465 2,220
Other Fixed Costs 145 799
--------- ---------
Cost of Goods Sold 8,742 44,640
Gross Profit 317 (23)
Plant SG&A Expense - (7)
SG&A Expense - Allocation (Sched 1) 257 1,491
Other Operating Expenses - 518
--------- ---------
Total Operating Expenses 257 2,002
Operating Profit 60 (2,025)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (245) (1,117)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) - -
--------- ---------
Total Non-Operating Expenses (245) (1,117)
Income Before Income Taxes (185) (3,142)
Income Tax Expense - 41
--------- ---------
Net Income ($ 185) ($ 3,183)
========= =========
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs March
(Allocation of Corporate Costs to Filing Entities)
(000's)
March
-------
Officer Compensation $ 189
Salary Expense other Employees 919
Employee Benefits and Pension 105
Payroll Taxes 60
Other Taxes 0
Rent and Lease Expense 216
Interest Expense
Insurance 62
Automobile and Truck Expense 11
Utilities(Gas Electric,Phone) 68
Depreciation 87
Travel and Entertainment 80
Repairs and Maintenance 51
Advertising/Promotion 0
Supplies, Office Expense 32
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 15
Public Reporting Fees 16
Employee Relocation/Training 2
Data Processing 29
Dues and Subscriptions 36
Outside Services 172
Project Development Costs net of Billings 73
Director Fees 25
Miscellaneous 4
Legal Fees 1
Cost Allocation - Europe (78)
Cost Allocation - Out (273)
-------
$ 2,250
=======
Allocation:
Wagner Castings 191
Northern Castings 51
Ironton Iron 0
Lynchburg Foundry 193
Columbus Foundry 313
Wagner Havana 0
Intermet U.S. Holdings 261
Cast-Matic Corp. 82
Diversified Diemakers 257
Ganton Technologies 168
Tool Products 137
Corporate 597
-------
Total $ 2,250
=======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 03-31-05
CASE #04-67612
--------------
DIVERSIFIED
DIEMAKERS
---------
Cash And Equivalents $ 0
Accounts Receivable 13,258
Short-Term Intercompany Receivables 13
Inventories 14,175
Other Current Assets 2,207
---------
TOTAL CURRENT ASSETS 29,653
Land and Buildings 16,395
Machinery & Equipment 57,575
Construction In Progress 964
---------
Total Fixed Assets 74,934
Accumulated Depreciation (43,090)
---------
NET FIXED ASSETS 31,844
Investment In Subsidiaries 0
Investment In European Operations 0
Long-Term Intercompany Receivables 40,165
Deferred Taxes, Long-Term Asset 0
Other Assets 0
---------
TOTAL ASSETS $ 101,662
=========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 1,460
Wages and Salaries (See schedule) 134
Taxes Payable - (See schedule) 574
---------
TOTAL POST PETITION LIABILITIES 2,168
SECURED LIABILITIES:
SECURED BANK DEBT 0
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes 0
Accrued Tax - State 0
Accrued Property Taxes 0
Accrued Workers Comp. 985
Accrued Payroll 0
Accrued Payroll Taxes 0
---------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 985
UNSECURED LIABILITIES
Accounts Payable 6,514
Senior & IDR Bonds 0
---------
TOTAL UNSECURED LIABILITIES 6,514
OTHER LIABILITIES
Accrued Liabilities 4,279
Short-Term Intercompany Payables 20
Capital Leases 0
Retirement Benefits 1,106
Deferred Taxes - Long-Term Liability 0
Other Long-Term Liabilities 968
Long-Term Intercompany Payables 0
Minority Interest 0
---------
TOTAL LIABILITIES 16,040
Common Stock 0
Capital In Excess Of Par Value 110,000
Retained Earnings - Prepetition (21,195)
Retained Earnings - Post Petition (3,183)
Equity In European Operations
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
---------
TOTAL SHAREHOLDER EQUITY 85,622
---------
TOTAL LIABILITIES AND EQUITY $ 101,662
=========
PERIOD ENDED: 03-31-05 DIVERSIFIED DIEMAKERS, INC. CASE #04-67612
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
02/28/05 Withheld Deposits 03-31-05
----------------------------------------------------------
Income tax withheld: Federal ($ 51,263) ($ 187,517) $ 209,507 ($ 29,273)
Income tax withheld: State (16,201) (58,294) 65,311 (9,183)
Income tax withheld: Local 0 0 0 0
FICA Withheld (40,012) (147,652) 165,008 (22,656)
Employers FICA (40,012) (147,652) 165,008 (22,656)
Unemployment Tax: Federal (3,185) (10,305) 11,934 (1,557)
Unemployment Tax: State (12,740) (41,222) 47,735 (6,227)
All Other Payroll W/H (76,599) (193,028) 194,705 (74,923)
State Taxes: Inc./Sales/Use/Excise (42,643) (8,696) 5,066 (46,273)
Property Taxes (76,577) (38,289) 0 (114,866)
Workers Compensation (389,519) (162,963) 306,131 (246,351)
----------------------------------------------------------
Total ($ 748,751) ($ 995,618) $ 1,170,404 ($ 573,964)
Wages and Salaries (305,288) (1,394,431) 1,565,343 (134,377)
----------------------------------------------------------
Grand Total ($1,054,039) ($2,390,049) $ 2,735,746 ($ 708,341)
==========================================================
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 $ 1,460,173 $ 1,395,196 $ 64,977 $ 0
Accounts Receivable $15,109,578 $12,166,814 $ 365,669 $ 2,577,095
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 3/31/2005
MONTHLY CASH STATEMENT
CASE # 04-67612
DIVERSIFIED DIE MAKERS (MONROE)
----------------------------------------------------------------------------------------------
ACCOUNT TYPE LOCKBOX LOCKBOX 672976 DEPOSIT AP AP CHECKING CHECKING
ACCOUNT # 5402530991 1851811313 3473589977 2770721732 2176982854 5045182027 5970758593
BANK Stan Fed Comerica Bank of America Stan Fed Comerica Bank of America UMB Bank
BEGINNING BANK BALANCE - - - - - 21,526 20
RECEIPTS 4,232,810 4,133,263 41,163 - - - 255
TRANSFERS IN (CORPORATE) - - - - 1,963,910 - -
DIP INFLOW - - - - - - -
DISBURSEMENTS - - (853) - (1,963,910) - (12)
TRANSFERS OUT (CORPORATE) (4,232,810) (4,133,263) (40,311) - - - -
DIP REPAYMENT - - - - - - -
--------------------------------------------------------------------------------------------
ENDING BANK BALANCE - - - - - 21,526 263
Account Type PR PR BENEFITS
Account # 2770721740 2176983043 688486 - Inactive
BANK Stan Fed Comerica Bank One
BEGINNING BANK BALANCE - - -
RECEIPTS - - -
TRANSFERS IN (CORPORATE) - 1,090,685 -
DIP INFLOW - - -
DISBURSEMENTS - (1,090,685) -
TRANSFERS OUT (CORPORATE) - - -
DIP REPAYMENT - - -
---- ------- ---------- -------
ENDING BANK BALANCE - - -
DISBURSEMENTS PAID FOR BY CORPORATE 4,313,855
CHECKS ISSUED 1,667,901
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 1,201,264
----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $7,183,020
==========
OUTSTANDING CHECKS AS OF FEBRUARY 28 343,699
VOIDED CHECKS OUTSTANDING AS OF FEBRUARY 28 (3,227)
CHECKS ISSUED IN MARCH 1,667,901
CHECK CLEARED IN MARCH (1,963,910)
----------
OUTSTANDING CHECKS AS OF MARCH 31 (SEE OUTSTANDING CHECKLIST) $ 44,464
==========
</Table>
DIVERSIFIED DIEMAKERS, INC. CASE No. 04-67612
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------------------------------------------------------
A & S PRINTING SERVICE $ 8,080.60
A. RAYMOND INC 608.56
ABB INC. 4,087.00
ABBOTT SUPPLY LLC 1,537.43
ACCUTHERM INC. 294.03
ACHESON COLLOIDS COMPANY 3,290.40
ADAM ELLIOT 170.33
ADECCO EMPLOYMENT SERVICES 87,673.06
ADVANCE PRODUCTS CORP. 129.57
ALAN T. LYNN, INC. 4,140.00
ALCOA INC. 4,960.00
ALLEGHENY COATINGS 813.12
ALRO MASCO ST. LOUIS 893.13
ALTORFER MACHINERY COMPANY 388.65
AMERICAN METAL CHEMICAL CORP 297.00
AMI PIPE AND SUPPLY CO. 3,771.57
ANDREW BICHSEL (EMPLOYEE) 10.00
APPLEBEE TREE FLOWERS & GIFTS 75.64
AROBOTECH SYSTEMS INC 3,755.13
ARON SEDELMEIER 123.91
AT&T 88.19
AT&T 39.71
ATCO INDUSTRIES INC 234.53
ATMOS ENERGY 9,650.17
AWERKAMP MACHINE CO. 4,743.29
BALZERS TOOL COATING INC. 238.92
BANK OF AMERICA 4,810.20
BANNER MACHINE TOOL&SUPPLY CO 628.78
BARNES INTERNATIONAL, INC. 260.00
BAX GLOBAL 3,486.17
BDC, INC. 6,372.18
BELL-MARK SALES COMPANY 52.74
BENT TUBE, INC. 1,097.49
BEST SOFTWARE INC 1,283.81
BFI QUINCY 2,221.64
BIJUR LUBRICATING CORPORATION 58.29
BILL WILLIAMS 354.50
BILT-RITE/BRICO CONVEYORS,I 891.00
BLEIGH READY MIX CO. 1,137.09
BLICK'S CONSTRUCTION CO., INC. 1,200.00
BOBBI HUDSON 25.42
BODLE DIAMOND INDUSTRIES 91.00
BOKUM TOOL COMPANY, INC. 1,109.66
BONE FRONTIER 30.90
BOULEVARD PROPERTIESM, LLC. 1,642.50
BOURN & KOCH, INC 136.47
BRAHLER'S TRUCKERS SUPPLY INC 551.66
BRENT DUDGEON (EMPLOYEE) 628.33
BRENT MURPHY 35.59
BUCKMAN'S CONVENIENCE STORE 1,752.03
BURST MACHINERY COMPANY 175.97
DIVERSIFIED DIEMAKERS, INC. CASE No. 04-67612
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------------------------------------------------------
CALIFORNIA INDUSTRIAL PRODUCTS 30,903.32
CAMCAR TEXTRON 20,241.75
CANFIELD & JOSEPH, INC. 1,692.00
CAPE ELECTRICAL SUPPLY, INC. 6,757.93
CAROLYN A. GRAINGER 1,350.00
CARQUEST OF HANNIBAL 507.36
CASTING EQUIPMENT & SUPPLY 1,688.47
CASTOOL TOOLING SOLUTIONS 18,067.00
CENTRAL WELDING SUPPLIES, INC. 21,471.24
CENTURYTEL 4,084.24
CENTURYTEL OF SOUTHWEST MO 21.63
CERTANIUM ALLOYS 676.32
CHARLES KING 17.63
CHARLIE LOCHMAN 69.80
CHARLIE SMOOT (EMPLOYEE) 123.75
CHEM-TREND INCORPORATED 17,676.29
CHINN ENTERPRISES, LLC 19,092.00
CHRISTY REFRACTORIES COMPANY 16,304.36
CITY OF MONROE CITY 123,813.89
CITY OF SHELBINA 790.47
CLAUDE HAWKINS 15.00
CLEAN WATER SOLUTIONS 247.47
CLEM JAMES 30.00
COMETALS 268,328.50
CONTAINER DISTRIBUTERS INC 6,078.20
CONTROL-AIR, INC. 2,664.06
CORROSION PRODUCTS INC. 68.19
COWAN DYNAMICS 183.48
CRESCENT ELECTRIC SUPPLY CO 147.15
CREST PRODUCTS INC 8,548.00
CROSS HULLER DRILLUNIT 880.13
CROWN LINEN SERVICE, INC. 1,987.52
CULLIGAN 324.41
DAN FOSTER (EMPLOYEE) 46.28
DANA CORPORATION 502,224.00
DANIEL SKAGGS 1,206.95
DAVIS TOOL & DIE 175,240.00
DAWN FROST 26.84
DEAD SEA MAGNESIUM LTD 907,429.23
DEDRA KEITH 117.34
DEIDRA SCHRODER 594.24
DENNY MOSS 169.99
DIEMER & ASSOCIATES 1,233.54
DISA GOFF, INC. 964.53
DIVERSIFIED DIEMAKERS(EMPLOYEE RELATED) 2,021.76
DOMINO AMJET INC 149.24
DON HAYS (EMPLOYEE) 314.84
EASTERN ALLOYS 251,082.71
EFD, INC. 142.42
ELECTRICAL SOUTH LP 5,182.47
ELECTROCHEM, INC. OF MO 1,828.50
ELECTRODES, INC. 733.21
ENDEAVOR TECHNOLOGIES INC 560.72
DIVERSIFIED DIEMAKERS, INC. CASE No. 04-67612
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------------------------------------------------------
ENGINEERED FINISING CORP 360.80
ENGINEERED LUBRICANTS CO. 16,337.15
ENGINEERED PRODUCTS 3,647.55
ENGINEERED SALES 744.25
ENTERPRISE FLEET 2,053.77
ERIC LAMB 15.00
ERIC RODGERS (EMPLOYEE) 75.00
FALCON TOOL CO., INC. 227.14
FANUC ROBOTICS NORTH AMERICA 9,094.64
FASTENAL COMPANY 1,314.10
FEDEX 692.21
FLO-PRODUCTS COMPANY 226.92
FLUID ENGINEERING 174.95
FRANK FLORI EQUIPMENT CO. 804.90
FRENCH GERLEMAN ELECTRIC CO. 16,494.07
FREUDENBERG - NOK 13,624.24
G&H DIVERSIFIED MFG, L.P. 20,028.00
G.S. INCORPORATED 12,470.00
G.S. ROBINS AND COMPANY 1,769.08
GALLAGHER BENEFIT SERVICES 3,000.00
GARFIELD ALLOYS, INC. 22,680.00
GARY SHOEMAKER 15.00
GARY YAGER 990.18
GASKET & SEAL FABRIC. INC. 350.64
GATEWAY METALS INC. 6,717.76
GDC, INC. 4,114.81
GENEVA LUDWIG 137.62
GEORGE MORGAN (EMPLOYEE) 600.00
GETZ FIRE EQUIPMENT CO. 12,557.01
GRAINGER 2,806.58
GREG COOPER 510.23
H.R. DIRECT 140.72
HANNIBAL BOARD OF PUBLIC WORKS 30,423.74
HANNIBAL MACHINE & WELDING 450.00
HANNIBAL REGIONAL HOSPITAL 490.00
HAROLD BAKER JR 162.44
HARTWIG, INC. 952.66
HEIMER CONSTRUCTION 1,770.00
HEINTZ ELECTRIC COMPANY 3,722.21
HELCO PRECISION TOOLS & GAGES 272.78
HELLEBUSCH TOOL & DIE, INC. 762.42
HENKEL LOCTITE CORPORATION 596.28
HEWLETT-PACKARD COMPANY 6,098.97
HILLYARD FLOOR CARE SUPPLY 3,195.69
HTE TECHNOLOGIES 19,947.10
ICONNECT 101.60
IDG USA, LLC 16,634.46
IDRAPRINCE, INC. 3,306.39
ILLINI ENVIRONMENTAL INC. 6,000.00
INDUSTRIAL FINISHING SERVICES 29,575.81
INSIGHT/HARDDRIVES INT'L. 362.70
INTECH EDM 685.69
IOWA MACHINERY & SUPPLY 4,364.19
DIVERSIFIED DIEMAKERS, INC. CASE No. 04-67612
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------------------------------------------------------
JACKSON BROS-HEARTLAND 2,896.05
JACKSON-HIRSH, INC. 614.49
JENZANO, INC. 1,467.57
JET BULK OIL 255.75
JIM SHOEMATE 336.90
JOELLEN DAVIS 90.00
JOHN HENRY FOSTER CO. 2,162.98
JOHN LONG 356.33
JON WELLMAN 7.55
JOSEPH TAUSER & ASSOCIATES INC 569.78
JOST MACHINERY COMPANY 74.42
KEVIN BICHSEL (EMPLOYEE) 37.75
KEY PRODUCTS, INC. 68,528.46
KONIECZNY TOOL & DIE 30,940.00
L.N. BROSS 8,711.92
LAB SAFETY SUPPLY 116.53
LANCE JONES 48.37
LANCE MURDOCK 116.00
LARRY PARRISH 154.13
LEE HORNEYER COMPANY 57.18
LEO O'LAUGHLIN, INC. 5,200.00
LESTER DENT 73.58
LISA MARTIN (EMPLOYEE) 485.52
LOWRY COMPUTER PRODUCTS INC 2,705.64
LUBRICATION ENGINEERS 642.21
LUBY EQUIPMENT SERVICES 754.25
LUMBEE OF MICHIGAN 1,015.00
LYNN CRANE 75.00
MAHR FEDERAL 578.00
MAKINO 2,570.26
MANPOWER 10,112.04
MARIE HAYS 85.68
MARK ADAMS 38.11
MARK TWAIN SUPPLY CO. 7,530.59
MARLIN REAGAN (EMPLOYEE) 96.83
MARTIN'S TRUE VALUE HARDWARE 750.92
MARVEL ENGINEERING COMPANY 259.84
MARY PUROL (EMPLOOYEE) 30.00
MC MACHINERY SYSTEMS, INC. 1,297.26
MCMASTER-CARR SUPPLY COMPANY 2,735.01
MERCER 1,180.00
MERRICK MACHINERY CO. 2,150.24
METAMAG INC. 11,595.00
MFA OIL CO. 2,176.00
MID-AMERICAN PROD. INC 28,615.60
MIDLAND INDUSTRIES, INC. 78,841.53
MIDVALE INDUSTRIES, INC. 13,225.00
MIDWEST RENTAL &PARTY SUPPLIES 637.01
MIKE BICHSEL (EMPLOYEE) 42.84
MISSOURI DEPARTMENT OF REVENUE 35.50
MISSOURI MOTOR CARRIER ASSO 250.00
MO DEPT OF PUBLIC SAFETY 220.00
MOLDFLOW CORPORATION 11,346.00
DIVERSIFIED DIEMAKERS, INC. CASE No. 04-67612
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------------------------------------------------------
MONROE AUTO PARTS 581.64
MONROE CITY SHELTER WORK SHOP 10,727.05
MONROE TIRE & BATTERY 227.43
MOTION INDUSTRIES, INC 8,964.04
MOYERS SERVICE CENTER & 813.81
MSC INDUSTRIAL SUPPLY CO. 5,212.12
MUNICIPAL TOOL & MACHINERY CO 2,281.72
MVI, INC. 127.76
NALCO COMPANY 3,160.86
NATIONAL KARD 194.77
NATIONAL X-RAY CORP 1,750.00
NEFF POWER INC. 1,695.55
NEWARK INONE 609.79
NORSK HYDRO CANADA INC 711,353.42
NORTHEAST MO MACHINE & PATTERN 1,112.00
ONEOK ENERGY MARKETING COMPANY 27,329.62
PALMYRA BOARD OF PUBLIC WORKS 54,495.91
PAM BOOTH (EMPLOYEE) 92.60
PATRICIA SPEGAL 14.25
PAUL GANDER 12.10
PAULO PRODUCTS CO. 261.82
PAYROLL DISBURSED (INCLUDES AMOUNTS PAID BY CORPORATE) 1,201,264.23
PERRY MACHINE AND DIE INC. 87,798.72
PHELPS ASSOCIATES, INC. 138.18
PIONEER INDUSTRIAL CORPORATION 2,391.48
PMI COMPUTER SUPPLIE 112.15
PRECISION APPLICATIONS 1,750.00
PRECISION TOOL COMPANY 659.78
PRODUCT ACTION INTERNATIONA 4,089.94
PROVIDENT LIFE 123.96
PRUDENTIAL INSURANCE 12,767.67
PURCHASE PARTNERS 4,590.00
Q-CEE'S PRODUCTS DIVISION 344.06
QSR GROUP, INC. 2,333.34
QST, INC. 400.00
QUINCY FREIGHTLINER, INC. 650.00
QWEST COMMUNICATIONS 856.46
R.L. HOENER COMPANY 142.46
RADCO INDUSTRIES 7,787.75
RAMAIR 52.74
RAYMOND J. QUINLAND - LANDLORD 7,000.00
REMACOR, INC. 16,606.20
RES MANUFACTURING COMPANY 1,055.80
RIBACK SUPPLY CO. 94.85
RICHARD GREENE CO. 225.19
RICHARDS ELECTRIC MOTOR CO. 1,237.30
RIMROCK 1,861.72
RMT TECHNOLOGIES 69.39
ROBEY BUILDING SUPPLY, INC. 136.62
ROCKFORD DRILL HEAD, INC. 1,500.00
ROCKNEL FASTENER INC 410.00
ROLAND MACHINERY CO 352.70
ROTOLITE OF ST.LOUIS INC 567.87
DIVERSIFIED DIEMAKERS, INC. CASE No. 04-67612
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------------------------------------------------------
ROTOR CLIP CO INC 4,248.40
RTD OFFICE PRODUCTS 4,015.90
RUDOLPH BROS & CO 1,727.00
RUSTIC OAK CABIN RESTAURANT 561.37
RUTH ANN TIPTON 50.00
SANDY SHINN (EMPLOYEE) 732.73
SBC 1,548.54
SCHILLER'S 326.75
SCOTT SPECIAL TOOLS, INC. 1,906.12
SCOTT WILLIAMS (EMPLOYEE) 754.43
SEMBLEX CORP. 40,088.00
SEMCO, INC. 4,490.85
SHANNAHAN CRANE & HOIST, INC. 828.66
SHARP BROS. INC 1,150.00
SHELLEY BUCKMAN (EMPLOYEE) 90.00
SHERMAN 3,271.56
SHERYL HAYS (EMPLOYEE) 80.00
SLIDEMATIC PRODUCTS COMPANY 7,049.59
SLOAN INDUSTRIES INC 10,223.00
SODICK, INC. 131.47
SOLUTIA INC 1,074.48
SOUTHWEST PUMPS & FILTERS, INC 1,082.85
SOUTHWESTERN BELL 395.76
SPAN AMERICA, INC. 711.07
SPAN MANUFACTURING 1,455.00
SPARTAN LIGHT METAL 57,394.50
SPECTRA COMMUNICATIONS GROUP 343.63
SPECTRO ALLOYS CORP 247,684.50
SPINCRAFT 327.02
SPRING MARKING, INC. 127.35
SPRINT 6,342.61
STATE OF MISSOURI 396.00
STERLING COMMERCE-NETWORK 757.34
STERLING, INC. 4,536.00
STEVE BAKER 75.00
STEWART REFRIGERATION 86.00
STILSON PRODUCTS L.L.C. 106.35
STRIPMATIC PRODUCTS INC 6,263.60
SUNNEN PRODUCTS COMPANY 1,962.65
SUNNEX 140.94
SUNSOURCE 661.17
SUPPLIER DEVELOPMENT INC 459.00
SURFTRAN MANUFACTURING CO, LLC 78.08
SYMMCO, INCORPORATED 34,662.80
T.F. EHRHART COMPANY 199.63
TAYLOR IND SERVICES HPM DIV. 369.39
TECHMIRE USA 636.00
THE LAKE GAZETTE 134.00
THE ST. LOUIS DISTRIBUTION 5,619.66
THE SU-DAN COMPANY 2,195.00
THOMAS WILLIAMS JR 264.00
THREE BOND INTERNATIONAL INC. 5,372.00
TIC-MS, INC. 289.00
DIVERSIFIED DIEMAKERS, INC. CASE No. 04-67612
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------------------------------------------------------
TIFFIN FOUNDRY & MACHINE, INC. 2,985.00
TIM KURZ 250.82
TINNERMAN PALNUT ENGINEERED 15,447.44
TOM DEITZMAN (EMPLOYEE) 45.00
TOM STRUBINGER 15.00
TOM THOMAS 75.00
TOOLING ASSOCIATES 1,036.49
TOYOTA TSUSHO AMERICA INC 73,371.03
TRANSMAN 188,421.27
U.S. CELLULAR 892.38
U.S. MAGNESIUM, LLC 975,603.71
UGS 1,078.21
UNISOURCE WORLDWIDE INC. 36,169.61
UNITED MISSOURI BANK-NORTHE 55.00
US FILTER/IONPURE, INC 10,355.54
VAC-U-MAX 9.17
VERIZON MESSAGING 20.95
VIATRAN CORPORATION 479.23
VICTORY PACKAGING 17,463.31
VISI-TRAK WORLDWIDE, LLC 2,573.46
VOLVO RENTS 1,146.27
VONTHUN POWERWASHING 3,000.00
WES RUBISON 132.09
WESTHOFF 110.10
WIESE PLANNING & ENGINEERING 6,892.55
WILLIAM A KIBBE & ASSOCIATES 135.00
WILLIAMS EQUIPMENT & ELECTRIC 698.95
WISE EL SANTO CO., INC. 2,902.53
-------------
$7,183,020.48
DIVERSIFIED DIEMAKERS, INC.
CASE NO. 04-67612
AT 3/31/05
MONROE - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding AP Checks 44,464.00
Actual Outstanding Payroll Checks 100,738.57
-----------
Total Outstanding Checks 145,202.57
Unadjusted GL Balance 145,202.57
-----------
Difference $ -
===========
DIVERSIFIED DIEMAKERS, INC.
CASE NO. 04-67612
MONROE
OUTSTANDING CHECKS
CASE NO. 04-67612
DATE CHECK OUTSTANDING
---- ----- -----------
10/5/2004 337183 $ 45.00
11/5/2004 337674 35.76
11/5/2004 337705 5.00
11/11/2004 337789 158.49
11/16/2004 337916 341.24
11/17/2004 337930 454.88
12/29/2004 338726 821.25
1/6/2005 338925 33.57
3/4/2005 340128 80.00
3/8/2005 340156 37.00
3/11/2005 340185 35.59
3/11/2005 340269 15.00
3/16/2005 340292 561.37
3/18/2005 340298 238.92
3/18/2005 340320 4.04
3/18/2005 340323 551.66
3/18/2005 340326 1,692.00
3/18/2005 340340 183.48
3/18/2005 340343 26.84
3/18/2005 340344 594.24
3/18/2005 340384 75.00
3/18/2005 340398 111.70
3/18/2005 340399 102.28
3/18/2005 340400 355.89
3/18/2005 340401 25.15
3/18/2005 340402 1,290.62
3/18/2005 340403 66.17
3/22/2005 340459 98.71
3/24/2005 340462 109.75
3/24/2005 340463 95.61
3/24/2005 340464 261.82
3/24/2005 340479 45.72
3/24/2005 340480 1,065.32
3/24/2005 340481 354.50
3/24/2005 340482 10.50
3/24/2005 340485 353.78
3/24/2005 340486 10,019.40
3/24/2005 340493 69.80
3/24/2005 340494 30.00
3/24/2005 340499 15.00
3/24/2005 340500 386.40
3/24/2005 340502 116.55
3/24/2005 340504 11.32
3/24/2005 340506 28.98
3/24/2005 340508 30.10
3/24/2005 340513 577.61
3/24/2005 340516 3,000.00
3/24/2005 340518 15.00
3/24/2005 340525 97.75
3/24/2005 340533 2,043.03
3/24/2005 340541 375.49
3/24/2005 340542 37.75
3/24/2005 340545 33.21
3/24/2005 340557 220.00
3/24/2005 340562 48.20
3/24/2005 340563 146.61
3/24/2005 340564 229.26
3/24/2005 340565 168.45
3/24/2005 340566 116.88
3/24/2005 340567 358.02
3/24/2005 340568 28.75
3/24/2005 340569 59.07
3/24/2005 340579 352.30
3/24/2005 340580 352.70
3/24/2005 340591 711.07
3/24/2005 340593 127.35
3/24/2005 340599 134.00
3/24/2005 340603 45.00
3/24/2005 340608 145.85
3/28/2005 340609 57.58
3/28/2005 340610 33.82
3/28/2005 340611 52.74
3/28/2005 340612 5,183.73
3/28/2005 340613 396.00
3/28/2005 340617 320.77
3/29/2005 340618 544.00
3/29/2005 340620 187.66
3/30/2005 340621 170.60
3/30/2005 340622 42.00
3/30/2005 340623 329.47
3/30/2005 340624 450.00
3/31/2005 340625 6,078.20
3/31/2005 340626 148.68
$44,464.00
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MARCH 31, 2005
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: APRIL 20, 2005 ___________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
020.84818.1 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 MARCH 31, 2005:
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: APRIL 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 3-31-05
($000's)
CASE #04-67600
GANTON
TECHNOLOGIES
-------------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales $ 6,839 $ 41,052
Cost of Goods Sold
Materials and Freight 1,667 10,270
Wages - Hourly 1,720 9,536
Wages-Salary 465 3,239
Employee Benefits and Pension 1,046 6,823
Repairs & Maintenance 126 707
Supplies 279 1,815
Utilities 445 2,365
Purchased Components/Services 854 5,109
Income(loss) from Pattern Sales (28) (283)
Fixed Asset - (gain/loss) - -
MIS Expense 8 50
Travel & Entertainment 22 93
Other Variable Costs 211 970
Depreciation & Amortization 437 1,558
Other Allocated Fixed Costs - -
Other Fixed Costs 310 1,320
----------- -----------
Cost of Goods Sold 7,562 43,572
Gross Profit (723) (2,520)
Plant SG&A Expense 21 129
SG&A Expense - Allocation (Sched 1) 168 972
Other Operating Expenses (96) 9,962
----------- -----------
Total Operating Expenses 93 11,063
Operating Profit (816) (13,583)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (145) (576)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) - -
----------- -----------
Total Non-Operating Expenses (145) (576)
Income Before Income Taxes (961) (14,159)
Income Tax Expense 13 69
----------- -----------
Net Income ($ 974) ($ 14,228)
=========== ===========
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs March
(Allocation of Corporate Costs to Filing Entities)
(000's)
March
-------
Officer Compensation $ 189
Salary Expense other Employees 919
Employee Benefits and Pension 105
Payroll Taxes 60
Other Taxes 0
Rent and Lease Expense 216
Interest Expense
Insurance 62
Automobile and Truck Expense 11
Utilities(Gas Electric, Phone) 68
Depreciation 87
Travel and Entertainment 80
Repairs and Maintenance 51
Advertising/Promotion 0
Supplies, Office Expense 32
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 15
Public Reporting Fees 16
Employee Relocation/Training 2
Data Processing 29
Dues and Subscriptions 36
Outside Services 172
Project Development Costs net of Billings 73
Director Fees 25
Miscellaneous 4
Legal Fees 1
Cost Allocation - Europe (78)
Cost Allocation - Out (273)
-------
$ 2,250
=======
Allocation:
Wagner Castings 191
Northern Castings 51
Ironton Iron 0
Lynchburg Foundry 193
Columbus Foundry 313
Wagner Havana 0
Intermet U.S. Holdings 261
Cast-Matic Corp. 82
Diversified Diemakers 257
Ganton Technologies 168
Tool Products 137
Corporate 597
-------
Total $ 2,250
=======
Intermet Corp. and Subsidiaries
Balance Sheet as of 03-31-05
CASE #04-67600
--------------
GANTON
TECHNOLOGIES
Cash And Equivalents $ 1
Accounts Receivable 8,299
Short-Term Intercompany Receivables 385
Inventories 5,863
Other Current Assets 1,024
---------
TOTAL CURRENT ASSETS 15,572
Land and Buildings 12,390
Machinery & Equipment 42,192
Construction In Progress 669
---------
Total Fixed Assets 55,251
Accumulated Depreciation (35,337)
---------
NET FIXED ASSETS 19,914
Investment In Subsidiaries 0
Investment In European Operations 0
Long-Term Intercompany Receivables 9,014
Deferred Taxes, Long-Term Asset 0
Other Assets 37
---------
TOTAL ASSETS $ 44,537
=========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 1,677
Wages and Salaries (See schedule) 259
Taxes Payable - (See schedule) 114
---------
TOTAL POST PETITION LIABILITIES 2,050
SECURED LIABILITIES:
SECURED BANK DEBT 0
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes 0
Accrued Tax - State 7
Accrued Property Taxes 0
Accrued Workers Comp. 1,121
Accrued Payroll 0
Accrued Payroll Taxes 0
---------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 1,128
UNSECURED LIABILITIES
Accounts Payable 9,632
Senior & IDR Bonds 0
---------
TOTAL UNSECURED LIABILITIES 9,632
OTHER LIABILITIES
Accrued Liabilities 4,389
Short-Term Intercompany Payables 133
Capital Leases 0
Retirement Benefits 1,565
Deferred Taxes - Long-Term Liability 0
Other Long-Term Liabilities 0
Long-Term Intercompany Payables 4,447
Minority Interest 0
---------
TOTAL LIABILITIES 23,344
Common Stock 0
Capital In Excess Of Par Value 160,000
Retained Earnings - Prepetition (124,579)
Retained Earnings - Post Petition (14,228)
Equity In European Operations
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
---------
TOTAL SHAREHOLDER EQUITY 21,193
---------
TOTAL LIABILITIES AND EQUITY $ 44,537
=========
PERIOD ENDED: 03-31-05 GANTON TECHNOLOGIES (PULASKI) CASE #04-67600
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
2/28/2005 Withheld Deposits 3/31/2005
--------- --------- ---------- ---------
Income tax withheld: Federal ($ 1,251) ($ 83,737) $ 79,694 ($ 5,294)
Income tax withheld: State 0 0 0 0
Income tax withheld: Local 0 0 0 0
FICA Withheld (1,049) (32,878) 29,487 (4,441)
Employers FICA (1,049) (32,878) 29,487 (4,441)
Unemployment Tax: Federal (110) (355) 0 (465)
Unemployment Tax: State (891) (2,882) 0 (3,773)
All Other Payroll W/H 0 0 0 0
State Taxes: Inc./Sales/Use/Excise (13,904) (6,000) 0 (19,904)
Property Taxes (13,413) (7,800) 482 (20,731)
Workers Compensation (9,833) 0 2,521 (7,312)
--------- --------- --------- ---------
Total ($ 41,501) ($166,529) $ 141,670 ($ 66,360)
Wages and Salaries (105,017) (21,769) 78,595 (48,191)
--------- --------- --------- ---------
Grand Total ($146,518) ($188,299) $ 220,266 ($114,552)
========= ========= ========= =========
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 $ 764,722 $ 667,708 $ 6,019 $ 90,995
Accounts Receivable $3,556,149 $2,750,279 $ 214,094 $ 591,776
PERIOD ENDED: 3/31/05 GANTON TECHNOLOGIES (RACINE) CASE #04-67600
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
2/28/2005 Withheld Deposits 3/31/2005
----------- ----------- ----------- -----------
Income tax withheld: Federal $ 0 ($ 168,544) $ 168,544 $ 0
Income tax withheld: State (900) (115,897) 116,797 0
Income tax withheld: Local 0 0 0 0
FICA Withheld (0) (168,544) 168,544 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 (7,160) (7,107) (19) (14,287)
Property Taxes 3,256 (40,589) 0 (37,333)
Workers Compensation (214,596) (100,000) 318,988 4,393
----------- ----------- ----------- -----------
Total ($ 219,400) ($ 600,681) $ 772,854 ($ 47,227)
Wages and Salaries (417,679) (201,823) 408,537 (210,965)
----------- ----------- ----------- -----------
Grand Total ($ 637,079) ($ 802,504) $ 1,181,391 ($ 258,193)
=========== =========== =========== ===========
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 $ 911,720 $ 636,302 ($ 37) $ 275,454
Accounts Receivable $4,835,850 $3,561,120 $ 69,666 $1,205,064
Intermet Corporation and Subsidiaries
Cash Activity Analysis:
Month Ended 3/31/2005
Monthly Cash Statement
Cash Activity Analysis: CASE # 04-67600
Ganton Technologies (PULASKI)
---------------------------------------------------------------------------------------------
Account Type Lockbox Lockbox 673017 AP Lockbox 77165 AP PR PR
Account # 5402699424 1851811388 2770721799 644113482 2176982953 2770721807 2176983100
Bank Stan Fed Comerica Stan Fed Bank One Comerica Stan Fed Comerica
Beginning Bank Balance -- -- -- -- -- -- --
RECEIPTS -- 874,777 35,137 -- -- -- --
TRANSFERS IN (CORPORATE) -- -- -- -- 766,843 -- 562,444
DIP INFLOW -- -- -- -- -- -- --
DISBURSEMENTS -- -- -- -- (766,843) -- (562,444)
Transfers OUT (Corporate) -- (874,777) (35,137) -- -- -- --
Dip Repayment -- -- -- -- -- -- --
----------- -------- ------- - ------------- -------- ---------- --------
ENDING BANK BALANCE -- -- -- -- -- -- --
DISBURSEMENTS PAID FOR BY CORPORATE 1,119,603
CHECKS ISSUED 663,221
PAYROLL DISBURSED (INCLUDES PAYROLL
PAID BY CORPORATE) 846,358
-----------
TOTAL DISBURSEMENTS (SEE TOTAL
DISBURSEMENTS RECONCILIATION) $ 2,629,182
===========
OUTSTANDING CHECKS AS OF FEBRUARY 28 225,656
VOIDED CHECKS OUTSTANDING AS OF
FEBRUARY 28 (10,053)
CHECKS ISSUED IN MARCH 663,221
CHECK CLEARED IN MARCH (766,843)
-----------
OUTSTANDING CHECKS AS OF MARCH 31
(SEE OUTSTANDING CHECKLIST) 111,982
===========
GANTON TECHNOLOGIES, INC. (PULASKI) CASE NO. 04-67600
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------- -------------------
ABECO DIE CASTING INC $ 1,171.00
ADVANCE PRODUCTS 602.00
AH ASSOCIATES 1,000.00
AIR DRAULICS ENGINEE 110.71
AIRGAS SOUTH (BOC GA 1,913.47
AL CAST COMPANY 57,468.00
ALABAMA CHILD SUPPORT 67.00
ALLEN WRIGHT MACHINING 142.00
ALUMINUM RESOURCES I 178,965.84
AMERICAN CHEMICAL 17,880.00
ANNE HEATHCOTE 5,231.28
AROBOTECH SYSTEMS 2,268.05
ASI DATAMYTE 300.00
ATCO INDUSTRIES, INC 32,295.94
AUTOMATIC DATA PROCE 2,504.32
AVAYA INC 565.90
B & C INSTRUMENTS 1,249.90
BAGWELL OFF.SYSTEMS, 500.28
BAILEY COMPANY 9,469.27
BANK OF FRANKEW 691.00
BEARING DISTRIBUTORS,INC 754.78
BELLSOUTH 2,636.88
BG & R COMPANY 3,600.00
BILL SMITH OVERHEAD DOOR 195.00
BI-LO / RED FOOD 72.97
BOSTON MUTUAL LIFE 1,267.68
C KENNETH STILL 425.00
C3 INTERNATIONAL 847.57
CARR LANE MANUFACTUR 51.60
CARRIE SMITH 1,096.31
CASTOOL 1,225.00
CENTRAL CHILD SUPPORT 5,207.05
CHEM-STATION 712.86
CHILES OIL INC. 628.57
CHRIS DOUTHIT 5,660.50
CINDY WATSON 654.62
CINTAS CORPORATION 6,817.52
COLE-PARMER INSTRUME 591.50
COLUMBIA MACHINE WOR 1,045.00
COMFORT INN OF PULAS 1,080.96
CRANE PRO SERVICES 1,308.61
DEXPORT TOOL MFG. CO. 1,105.50
DIE-TECH WIRE TOOL I 52,681.50
DISA GOFF 1,083.70
DIVERSIFIED PRINTING 231.18
EDUCATION DIRECT 508.82
EDWARDS XPRESS INC. 6,058.25
ELLIOTT HY-TEST 2,723.50
ELWOOD STAFFING SERVS.INC 541.09
EMED COMPANY INC 194.19
EMPIRE CNC SERVICES 5,515.40
EXPEDITE SERVICES 488.40
FIRST NATIONAL 10,269.99
FLUID POWER OF NASHVILLE 42.95
FORKLIFT SYSTEMS 3,312.00
FRANK HARRIS 282.93
GE CAPITAL 582.31
GENERAL SUPPLY CORP 6,694.68
GILES COUNTY INDUSTR 25.00
GLOBAL EXCHANGE SERV 128.34
GANTON TECHNOLOGIES, INC. (PULASKI) CASE NO. 04-67600
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ----------------------------------------------- -------------------
GRIFFIN TOOL, INC. 34,500.00
HARCROS CHEMICALS, I 1,725.75
HENRY E. HILDEBRAND, III 2,950.00
HILDRETH MANUFACTURI 1,248.75
HONEY ACRES 345.00
IMCO RECYCLING 362,958.40
INDUSTRIAL CONTRACTO 1,933.00
INDUSTRIAL FINISHING 3,841.20
INTERMET 455.81
J & K INDUSTRIAL SUP 1,621.18
J&J/INGAS PROPANE 2,140.00
JEFFERSON SMURFIT CO 3,538.50
JM FOREST PRODUCTS, 2,709.40
JOHN-MICHAELS ENTERP 25,082.75
JUDY G CALLAHAN 451.65
KELSEY ELECTRIC 1,048.73
LAKESIDE MANUFACTURI 39,772.34
LEWISBURG RUBBER AND 1,027.78
MADISON TRAVEL 184.90
MAGID GLOVE/EQUITY I 416.78
MAGNA-TECH SE 1,140.91
MAIN MANUFACTURING 234.69
MANAR, INC. 3,833.74
MARK LITTLE 125.24
MARTIN SUPPLY CO., INC. 2,341.15
MCMASTER-CARR SUPPLY 3,430.48
MERCER 5,974.00
METAL WORKING SUPPLY 1,347.02
METAULLICS SYSTEMS CO LP 954.00
METOKOTE 500.00
METOKOTE CORPORATION 17,839.79
MG ELECTRIC 1,001.63
MICHIGAN MILL & ABRA 1,769.37
MIGUEL MEDINA 12,055.09
MIRSA 7,693.75
MSC IND. SUPPLY CO. 88.92
MURUGAN P AURUVAN KULAM 835.97
NASHVILLE METAL PREP 259.10
NEIL BARNHART 270.30
NORANDA 24,995.58
OMEGA ENGINEERING 293.00
PACKAGING FULFILLMEN 13,750.27
PHYSICIANS AND SURGE 143.00
PIONEER METAL FINISH 3,176.07
POSTMASTER 111.00
PRECISION MACHINERY 12,198.63
PRINCE MACHINE CORP 510.47
PROCLEAN SUPPLIES & 1,266.66
PROGRESSIVE COMPONENTS 795.00
PULAKSI PAYROLL (INCLUDES DISBURSMENTS BY CORP) 846,358.44
PULASKI CITY RECORDE 481.78
PULASKI ELECTRIC, WA 109,908.17
PULASKI LUMBER COMPA 39.42
PUTNAM INVESTMENTS 13,817.12
QUAD STEEL CORPORATION 4,100.00
QUALITY MOLD 1,450.00
RANDSTAD 12,507.87
REFRACTORY ENGINEERS 6,544.16
REGOL-G 1,823.82
RIVER TOOL TECH, INC 207.70
RIVERSBURG WELDING C 3,072.88
GANTON TECHNOLOGIES, INC. (PULASKI) CASE NO. 04-67600
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ----------------------------------------------- -------------------
ROBERT W. HERR 17,199.82
ROSEMONT INDUSTRIES 35.25
ROURA IRON WORKS INC 1,110.00
SAFETY-KLEEN CORPORATION 2,270.50
SCHAEFER GROUP 1,230.64
SEI ENVIROMENTAL INC 735.00
SELECT FOODS INC. 452.24
SHERWIN WILLIAMS 128.55
SMUKA TRADING, INC 19,309.38
SPECTRO ALLOYS CORP 473,988.41
SPRINT 389.65
SRI 400.00
STEPHANIE WALTER 869.93
STERICYCLE INC. 11.93
STEVE ROMICK 277.94
TAMMY KAY BOWEN 528.15
TAYLOR CONTROL 372.99
TENN.VALLEY RECYCLING LLC 791.97
THREAD CHECK, INC 1,074.00
TRANSMAN 55,398.25
VERIZON WIRELESS 149.53
WATKINS TRUCKING, IN 180.00
WATSON'S OFFICE SUPP 1,977.49
WHOLESALE SUPPLY GROUP, 357.00
----------------
$ 2,629,182.40
Ganton Technologies, Inc.
CASE NO. 04-67600
AT 3/31/05
PULASKI - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 111,981.73
Total PR Outstanding Checks 84,385.22
Misc. reconiling items adjusted in April (429.36)
----------
Total Outstanding Checks 195,937.59
Unadjusted GL Balance 195,937.59
------------
Difference $ -
============
Ganton Technologies, Inc.
Case No. 04-67600
Pulaski
Oustanding Checks
Case No. 04-67600
DATE CHECK OUTSTANDING
11/11/2004 12952 $ 770.00
2/8/2005 13578 185.00
2/17/2005 13712 1,856.79
3/1/2005 13858 591.50
3/1/2005 13860 25.00
3/3/2005 13906 541.09
3/4/2005 13944 293.00
3/10/2005 13974 200.00
3/11/2005 13994 1,250.00
3/11/2005 13995 72.97
3/18/2005 14033 241.38
3/18/2005 14036 712.86
3/18/2005 14040 1,465.95
3/18/2005 14059 207.70
3/23/2005 14071 110.13
3/23/2005 14079 90.33
3/23/2005 14081 270.12
3/23/2005 14093 155.90
3/23/2005 14106 190.97
3/29/2005 14108 814.15
3/31/2005 14110 1,171.00
3/31/2005 14111 333.63
3/31/2005 14112 14,367.00
3/31/2005 14113 75.00
3/31/2005 14114 439.27
3/31/2005 14115 463.45
3/31/2005 14116 239.00
3/31/2005 14117 642.00
3/31/2005 14118 1,038.98
3/31/2005 14119 195.00
3/31/2005 14120 1,267.68
3/31/2005 14121 109.98
3/31/2005 14122 1,225.00
3/31/2005 14123 1,068.01
3/31/2005 14124 2,261.67
3/31/2005 14125 1,045.00
3/31/2005 14126 129.51
3/31/2005 14127 791.97
3/31/2005 14128 767.50
3/31/2005 14129 11,000.00
3/31/2005 14130 2,080.00
3/31/2005 14131 1,194.62
3/31/2005 14132 2,479.65
3/31/2005 14133 582.31
3/31/2005 14134 2,814.14
3/31/2005 14135 1,933.00
3/31/2005 14136 888.92
3/31/2005 14137 90.33
3/31/2005 14138 8,319.28
3/31/2005 14139 1,048.73
3/31/2005 14140 124.29
3/31/2005 14141 6,707.84
3/31/2005 14142 791.07
3/31/2005 14143 1,565.62
3/31/2005 14144 5,565.66
3/31/2005 14145 1,104.00
3/31/2005 14146 976.00
3/31/2005 14147 389.65
3/31/2005 14148 277.94
3/31/2005 14149 1,117.92
3/31/2005 14150 4,633.93
3/31/2005 14151 505.77
3/31/2005 14152 750.72
3/31/2005 14153 1,699.10
3/31/2005 14154 426.40
3/31/2005 14155 4,100.00
3/31/2005 14156 2,066.86
3/31/2005 14157 949.08
3/31/2005 14158 715.94
3/31/2005 14159 958.38
3/31/2005 14160 275.94
3/31/2005 14161 3,538.50
3/31/2005 14162 85.00
3/31/2005 14163 123.30
3/31/2005 14164 180.00
3/31/2005 14165 236.99
3/31/2005 14166 590.00
3/31/2005 14167 134.58
3/31/2005 14168 1,135.25
3/31/2005 14169 149.53
$111,981.73
Intermet Corporation and Subsidiaries
Cash Activity Analysis:
Month Ended 3/31/2005
MONTHLY CASH STATEMENT
CASE # 04-67600
GANTON TECHNOLOGIES (RACINE)
---------------------------------------------------------------------------------
Account Type Lockbox Lockbox 673025 Deposit AP AP PR (Hourly)
Account # 5402699432 1851812055 5800062522 2770721815 2176982961 2770721823
Bank Stan Fed Comerica Lasalle Stan Fed Comerica Stan Fed
Beginning Bank Balance -- -- 727 -- -- --
Receipts 1,079,597 6,445,270 1,391 -- -- --
TRANSFERS IN (Corporate) -- -- -- -- 1,504,949 --
Dip Inflow -- -- -- -- -- --
Disbursements -- -- -- -- (1,504,949) --
Transfers OUT (Corporate) (1,079,597) (6,445,270) (1,118) -- -- --
Dip Repayment -- -- -- -- -- --
---------- ---------- ------ ------ ----------- --------
Ending Bank Balance -- -- 1,000 -- -- --
MONTHLY CASH STATEMENT
CASE # 04-67600
GANTON TECHNOLOGIES (RACINE)
------------------------------------------------------------------------
Account Type PR (Hourly) PR (Salary) PR (Salary) Health Care Group Health
Account # 2176983118 2770721831 2176982839 2770721849 2176982862
Bank Comerica Stan Fed Comerica Stan Fed Comerica
Beginning Bank Balance -- -- -- -- --
Receipts 51 -- -- -- --
Transfers in (Corporate) 1,745,459 -- 142,718 -- 12,137
Dip Inflow -- -- -- -- --
Disbursements (1,745,510) -- (142,718) -- (12,137)
Transfers OUT (Corporate) -- -- -- -- --
Dip Repayment -- -- -- -- --
---------- ------- -------- ------- -------
Ending Bank Balance 0 -- -- -- --
Disbursements Paid for by Corporate 1,489,740
Checks Issued 1,210,204
Payroll Disbursed (includes payroll
paid by Corporate) 1,810,030
-----------
Total Disbursements (See Total
Disbursements Reconciliation) $ 4,509,974
===========
Outstanding Checks As of February 28 455,129
Voided Checks Outstanding as of February 28 (2,353)
Checks Issued in March 1,210,204
Check Cleared in March (1,504,949)
-----------
Outstanding Checks as of March 31 (See
Outstanding Checklist) 158,031
===========
Ganton Technologies, Inc. (Racine) CASE NO. 04-67600
Cash Disbursements
March 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------- -------------------
A & A MANUFACTURING $ 3,301.84
AAA ENVIRONMENTAL 1,950.00
ACCOUNTEMPS 17,723.05
ADA METAL PRODUCTS 6,514.00
ADVANCE AMERICA 153.84
ADVANCE HYDRAULICS I 99.40
ADVANCED WASTE SERVI 1,324.00
AL PETERSEN 74.11
ALL FASTENERS, INC. 211.52
ALLAN COTTINGIM 690.83
ALLOY WELDING, INC. 275.00
ALLTHERM SERVICES IN 1,200.00
ALUMINUM RESOURCES I 32,110.66
AMERICAN ENTERPRISE 10,983.14
AMERICAN GENERAL FINANCE 221.31
AMERICAN INDUSTRIAL 11,928.11
AMERICREDIT FINANCIAL 500.00
AMERIGAS - FRANKSVIL 4,541.54
ARCH WIRELESS 423.21
AT & T 6,243.90
AT&T 69.61
AT&T-UNIVERSAL BILLE 3,141.79
AUTOMATIC DATA PROCE 6,428.19
BATTERIES PLUS 122.89
BELLE CITY FIRE 1,208.57
BEST ENGINEERING CO. 4,342.45
BOSTON MUTUAL LIFE 3,385.00
BUELL AUTOMATICS INC 3,682.50
BUHLER INC. 180.00
C & C ENTERPRISES, I 6,434.32
CENTRAL TRANSPORT 82.50
CHAPTER 13 TRUSTEE 3,872.00
CHARMILLES TECHNOLOG 1,500.00
CHEMTOOL INCORPORATE 33,446.60
CHRIS MINIKEL 802.46
CIRCUIT CITY 250.00
CITI FINANCIAL 325.00
CLIFF SWANSON 24.68
CO-OPERATIVE CREDIT UNION 65,996.70
CREATIVE FOAM CORPOR 7,654.08
CREST PRODUCTS INC. 14,907.20
CURT PAPE 41.13
DANA CORPORATION 374,623.77
DENTALBLUE 5,588.20
DEPARTMENT OF CORRECTIONS 200.00
DIRECT DENTAL SERVICE 22,706.50
DIVERSIFIED PRINTING 1,911.61
DIVERSIFIED TOOLING 3,000.00
DONALDSON COMPANY 231.00
DONNA GERARDIN 1,920.00
EAST RACINE PET 1,200.00
EASTERDAY OFFICE 994.57
ELCO SINTERED A 300.00
ELCO TEXTRON INC 8,700.00
ENPROTECH MECHANICAL 3,658.00
EXECUTIVE CONSULTING INC. 8,673.54
EYE CARE OF WISCONSIN INC 663.04
FELIZ SERVANTEZ 100.00
FORD CREDIT 2,824.17
FOREST CITY TECHNOLO 1,380.00
FORMCENTER 385.75
FRANK HARRIS 159.79
FRED SANDERS 939.74
FREUDENBERG-NOK 17,468.34
Ganton Technologies, Inc. (Racine) CASE NO. 04-67600
Cash Disbursements
March 2005
VENDOR TOTAL DISBURSEMENTS
- --------------------------------------------------- -------------------
G.E. CAPITAL CORPORA 97,094.00
G.W. SMITH & SONS, I 5,647.11
GENERAL INDUSTRIAL S 611.95
GENERAL RENTAL CENTE 102.21
GLOBAL EXCHANGE SERV 181.72
GORDON FLESCH CO., I 8,414.94
GROUP ADMINISTRATORS LTD 525.00
HALLMAN LINDSAY QUAL 59.85
HIGH RELIABILITY SYS 973.51
HILDRETH MANUFACTURI 1,782.00
IBM CREDIT CORPORATION 1,675.29
IDEALEASE OF SOUTHEA 1,535.96
IGC TECHNOLOGIES 655.00
IMCO RECYCLING 887,040.00
IMPREX, INC. 47,883.07
INDUSTRIAL ASSOCIATE 770.00
INTEGRATED LOGISTICS 5,368.74
J & S CHEMICAL CORP 1,815.79
JACOBSON MFG. LLC 3,031.34
JASON RAKOWIECKI 55.65
J-COM EDI SERVICES 6.00
JEFFERSON PILOT FINANCIAL 920.00
JEROME POPPE 7.76
JOHN P FREDERIC 16,541.00
JUNE CAMPBELL 500.00
KANO LABORATORIES 78.00
KAZTEX ENERGY MANAGE 151,935.79
KENNETH N OLSEN 32.25
KEVIN KOLECHECK 67.50
KOMAR SCREW CORP. 941.22
KRISTIANSEN ENTERPRI 4,792.83
LARGO MIDWEST 1,134.97
LASALLE NATL LEASING 50,989.53
LIBRA INDUSTRIES, IN 2,785.70
LIN ROE SERVICES INC 2,500.00
M & I TRUST 40,410.20
MACHINERY & FACTORY 227.37
MACLEAN-MAYNARD 3,001.68
MARSHALL & ILSLEY TRUST 488.98
MCMASTER-CARR SUPPLY 389.84
MENARDS 959.77
MERCER 4,742.00
MEREDITH'S CULLIGAN 165.91
MERWIN STOLTZ CO 15,718.54
METAL WORLD, INC. 198.22
MIDWEST AIR PARTS 206.71
MIGUEL MEDINA 199.74
MIKE STEFANI 175.98
MINIATURE PRECISION 17,942.70
MISDU 325.00
MISSISSIPPI DEPT. OF 104.28
MODULAR PIPING SUPPL 76.50
MOTION INDUSTRIES, I 14,153.72
MSC INDUSTRIAL SUPPL 3,370.52
MVTL LABORATORIES, INC. 1,094.00
NAPA AUTOMOTIVE PART 23.84
NASSCO INC. 5,322.45
NELSON ELECTRIC SUPP 1,565.91
OFSI 266.20
OHIO SCREW PRODUCTS 37,555.50
PARKER HANNIFIN 25,118.54
PAYROLL ISSUED (INCLUDES DISBURSMENTS BY CORPORATE) 1,810,029.56
PENSKE TRUCK LEASING 6,713.54
PER MAR SECURITY SER 1,921.50
PROVIDENT LIFE 106.25
Ganton Technologies, Inc. (Racine) CASE NO. 04-67600
Cash Disbursements
March 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------- -------------------
PUTNAM INVESTMENTS- 7,201.85
PYROTEK, INC. 369.48
QSR GROUP INC. 28,467.00
QUADRA 88,474.00
RACINE WATER AND 333.20
RAUSCH STURM ISRAEL 119.80
REFRACTORY SERVICE 9,346.36
REGENCY MALL 1,207.00
REILLY, PENNER & BENTON 2,785.00
REINHART 266.45
RES MANUFACTURING 24,471.42
RITTER ENGINEERING C 17.12
ROCKFORD WELDING SUP 1,323.04
ROMA LODGE 922.25
ROTOR CLIP COMPANY, INC. 451.35
SBC 186.35
SENTINAL TECHNOLOGIES 871.58
SHEFFCO, INC. 920.00
STEVE MUTCHIE 131.80
SUMITOMO ELECTRIC CA 6,006.56
THE CORNER HOUSE 175.00
THE SUMMIT RESTAURANTE 50.00
TOOL SERVICE CORPORA 594.98
TOTAL COMFORT OF WIS 1,792.00
TOWNSEND CONSULTING 1,875.00
TRANS-MAN LOGISTICS 28,901.31
TRELLEBORG AUTOMOTIV 28,980.00
TRUDELL TRAILERS OF 943.83
TWIN CITY OPTICAL 688.10
U.S. CELLULAR 3,522.02
UAW LOCAL 627 14,034.94
UAW V-CAP 117.00
UGS PLM SOLUTIONS IN 188.13
ULINE 7,492.54
UNITED LEASING ASSOC 656.28
UNITED PARCEL SERVIC 128.00
UNITED STATES POSTAL 500.00
US DEPT OF EDUCATION 480.18
USA PAYDAY LOAN 320.32
VISION CLINIC 16.00
VISUAL IMPRESSIONS 42.40
W.W. GRAINGER INC 2,948.56
WASTE MANAGEMENT 6,537.84
WATTON LAW GROUP 100.00
WE ENERGIES 142,122.76
WI SCTF 34,795.52
WILLIAM KNECHT 156.52
WISCONSIN DEPT OF REVENUE 763.06
WISCONSIN LIFT TRUCK 34,751.67
WOLTER INVESTMENT CO 3,889.60
WOODLAND HILLS 11,512.81
-------------
$4,509,973.76
Ganton Technologies, Inc.
Case No. 04-67600
AT 3/31/05
RACINE - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 158,031.23
Unadjusted GL Balance 158,031.23
---------------
Difference $ -
===============
Ganton Technologies, Inc.
Case no. 04-67600
Racine
Outstanding Checks
Case no. 04-67600
DATE CHECK OUTSTANDING
12/6/2004 40990 $ 2,748.00
12/23/2004 41255 8,564.76
1/4/2005 41299 491.00
1/17/2005 41439 774.00
2/8/2005 41740 1,581.73
3/2/2005 42088 430.88
3/4/2005 42133 1,500.00
3/8/2005 42158 1,841.25
3/10/2005 42200 50.00
3/15/2005 42245 19.59
3/17/2005 42285 5,379.36
3/17/2005 42291 1,324.03
3/18/2005 42317 2,093.31
3/22/2005 42331 55.18
3/22/2005 42335 237.99
3/22/2005 42341 922.25
3/22/2005 42342 2,860.00
3/23/2005 42357 15.02
3/23/2005 42364 133.35
3/23/2005 42365 2,077.10
3/23/2005 42367 2,485.41
3/24/2005 42370 141.63
3/24/2005 42371 44.62
3/24/2005 42372 100.00
3/24/2005 42374 65.00
3/24/2005 42377 50.00
3/24/2005 42379 787.00
3/24/2005 42383 26.07
3/24/2005 42387 20.00
3/24/2005 42388 1,284.48
3/24/2005 42389 14,034.94
3/24/2005 42392 89.64
3/24/2005 42394 8.09
3/24/2005 42395 25.00
3/24/2005 42396 10,095.21
3/24/2005 42397 160.85
3/24/2005 42399 2,281.58
3/28/2005 42404 1,125.05
3/28/2005 42405 1,675.29
3/28/2005 42406 625.00
3/28/2005 42407 1,888.92
3/28/2005 42408 688.47
3/28/2005 42409 34.50
3/28/2005 42410 966.96
3/29/2005 42412 3,576.80
3/29/2005 42413 684.69
3/29/2005 42414 2,000.00
3/29/2005 42415 234.00
3/29/2005 42416 7,825.51
3/29/2005 42417 1,143.30
3/29/2005 42418 920.00
3/30/2005 42420 23.57
3/30/2005 42421 1,200.00
3/30/2005 42422 1,776.91
3/30/2005 42423 3,217.16
3/30/2005 42424 2,502.63
3/30/2005 42425 237.43
3/30/2005 42427 1,250.00
3/30/2005 42428 3,001.68
3/30/2005 42429 52.50
3/30/2005 42430 187.50
3/30/2005 42431 13,750.00
3/30/2005 42432 3,500.00
3/30/2005 42433 435.79
3/30/2005 42434 965.30
3/30/2005 42435 37.50
3/30/2005 42436 32.25
3/30/2005 42437 7.76
3/30/2005 42438 86.20
3/31/2004 42440 12.21
3/31/2004 42441 44.62
3/31/2004 42442 100.00
3/31/2004 42443 47.82
3/31/2004 42444 65.00
3/31/2004 42445 11,884.84
3/31/2004 42446 65.00
3/31/2004 42447 270.00
3/31/2004 42448 1,541.79
3/31/2004 42449 929.00
3/31/2004 42450 787.00
3/31/2004 42451 7,201.85
3/31/2004 42452 6,156.04
3/31/2004 42453 6,137.02
3/31/2004 42454 11.63
3/31/2004 42455 430.40
3/31/2004 42456 20.00
3/31/2004 42457 1,190.00
3/31/2004 42458 29.91
3/31/2004 42459 10.55
3/31/2004 42460 25.00
3/31/2004 42461 95.88
3/31/2004 42462 24.68
3/31/2004 42463 500.00
$ 158,031.23
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MARCH 31, 2005
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: APRIL 20, 2005 _____________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Form 6
Ganton Technologies
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 Firemans Fund 11/1/04-11/1/05
Truck Cargo Firemans 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 MARCH 31, 2005:
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: APRIL 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 3-31-05
($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 March, $398,000 of Intercompany interest
was eliminated through foreign operations and therefore not included in this
statement.
Current Month Total Since Filing
($398) ($2,341)
Intermet Corp. and Subsidiaries
Balance Sheet as of 03-31-05
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 8,246
Deferred Taxes, Long-Term Asset
Other Assets 0
-------
TOTAL ASSETS $98,538
=======
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 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 0
-------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 0
UNSECURED LIABILITIES
Accounts Payable 0
Senior & 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 148,039
Minority Interest 0
-------
TOTAL LIABILITIES 148,039
Common Stock 1
Capital In Excess Of Par Value 1
Retained Earnings - Prepetition (18,705)
Retained Earnings - Post Petition (2,341)
Equity In European Operations
Accumulated Translation Adjustment (28,457)
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
-------
TOTAL SHAREHOLDER EQUITY (49,501)
-------
TOTAL LIABILITIES AND EQUITY $98,538
=======
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: 03-31-05 INTERMET HOLDING COMPANY CASE #04-67601
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
2/28/2005 Withheld Deposits 3/31/2005
--------- --------- ---------- ---------
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: MARCH 31, 2005
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: APRIL 20, 2005 _______________________
Debtor in Possession
Form 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MARCH 31, 2005
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: APRIL 20, 2005 __________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
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 MARCH 31, 2005:
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: APRIL 20, 2005 /s/ Robert E. Belts
----------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- --------------
Title Phone
Internate Corp. and Subsidiaries
Operating Statement
For the Month Ended 3-31-05
($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
============= ==================
INTERNATE Corp. and Subsidiaries
Balance Sheet as of 03-31-05
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 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 0
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 0
UNSECURED LIABILITIES
Accounts Payable 0
Senior & IDR Bonds 0
--------
TOTAL UNSECURED LIABILITIES 0
OTHER LIABILITIES
Accrued Liabilities 0
Short-Term Intercompany Payables 0
Capital Leases 0
Retirement Benefits
Deferred Taxes - Long-Term Liability
Other Long-Term Liabilities
Long-Term Intercompany Payables 100
Minority Interest
--------
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
Unearned Restricted Stock
--------
TOTAL SHAREHOLDER EQUITY (100)
--------
TOTAL LIABILITIES AND EQUITY $ 0
========
PERIOD ENDED: 03-31-05 INTERMET ILLINOIS CASE #04-67604
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
2/28/2005 Withheld Deposits 3/31/2005
--------- --------- ---------- ---------
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: MARCH 31, 2005
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: APRIL 20, 2005 ______________________
Debtor in Possession
Form 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MARCH 31, 2005
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: APRIL 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 MARCH 31, 2005:
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: APRIL 20, 2005 /s/ Robert E. Belts
----------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- --------------
Title Phone
MONTHLY CASH STATEMENT
Period Ending: MARCH 31, 2005
INTERMET INTERNATIONAL, INC.
Case Number: 04-67607
CASH ACTIVITY ANALYSIS (CASH BASIS ONLY):
General Payroll Tax Cash Coll. Petty Cash
Acct. Acct. Acct. Acct. Acct.
A. Beginning Balance _____ _____ _____ _____ _____
B. Receipts _____ _____ _____ _____ _____
(Attach separate schedule)
C. Balance Available _____ _____ _____ _____ _____
(A+B)
D. Less Disbursements _____ _____ _____ _____ _____
(Attach separate schedule)
E. Ending Balance ALL ACTIVITY FOR INTERMET INTERNATIONAL, INC. IS
(C-D) REPORTED IN THE CONSOLIDATED COLUMBUS FOUNDRY
OPERATING REPORT (CASE #04-67609).
(PLEASE ATTACH COPIES OF MOST RECENT RECONCILED BANK STATEMENTS
FROM EACH ACCOUNT)
General Account:
1. Depository Name & Location _________________________
2. Account Number _________________________
Payroll Account:
1. Depository Name & Location _________________________
2. Account Number _________________________
Tax Account:
1. Depository Name & Location _________________________
2. Account Number _________________________
Other monies on hand (specify type and location) i.e., CD's, bonds, etc.:
____________________________________________________________________________
____________________________________________________________________________
Date: APRIL 20, 2005 _________________________
Debtor in Possession
Form 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MARCH 31, 2005
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: APRIL 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 MARCH 31, 2005:
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: APRIL 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 3-13-05
(000's)
CASE #04-67598
INTERMET U.S.
HOLDING
----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales $ 5,780 $ 36,784
Cost of Goods Sold
Materials and Freight 1,795 12,597
Wages - Hourly 647 5,360
Wages-Salary 371 2,318
Employee Benefits and Pension 493 2,843
Repairs & Maintenance 303 1,979
Supplies 449 2,751
Utilities 577 3,437
Purchased Components/Services 184 1,708
Income(loss) from Pattern Sales (7) 754
Fixed Asset - (gain/loss) 192 587
MIS Expense 42 319
Travel & Entertainment 15 35
Other Variable Costs 158 976
Depreciation & Amortization 492 3,318
Other Allocated Fixed Costs - 1
Other Fixed Costs 211 1,088
-------- --------
Cost of Goods Sold 5,922 40,071
Gross Profit (142) (3,287)
Plant SG&A Expense (1) -
SG&A Expense - Allocation (Sched 1) 261 1,501
Other Operating Expenses 14 459
-------- --------
Total Operating Expenses 274 1,960
Operating Profit (416) (5,247)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (137) (610)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) 1 16
-------- --------
Total Non-Operating Expenses (136) (594)
Income Before Income Taxes (552) (5,841)
Income Tax Expense 1 (1)
-------- --------
Net Income ($ 553) ($ 5,840)
======== ========
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs March
(Allocation of Corporate Costs to Filing Entities)
(000's)
March
-------
Officer Compensation $ 189
Salary Expense other Employees 919
Employee Benefits and Pension 105
Payroll Taxes 60
Other Taxes 0
Rent and Lease Expense 216
Interest Expense
Insurance 62
Automobile and Truck Expense 11
Utilities(Gas Electric,Phone) 68
Depreciation 87
Travel and Entertainment 80
Repairs and Maintenance 51
Advertising/Promotion 0
Supplies, Office Expense 32
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 15
Public Reporting Fees 16
Employee Relocation/Training 2
Data Processing 29
Dues and Subscriptions 36
Outside Services 172
Project Development Costs net of Billings 73
Director Fees 25
Miscellaneous 4
Legal Fees 1
Cost Allocation - Europe (78)
Cost Allocation - Out (273)
-------
$ 2,250
=======
Allocation:
Wagner Castings 191
Northern Castings 51
Ironton Iron 0
Lynchburg Foundry 193
Columbus Foundry 313
Wagner Havana 0
Intermet U.S. Holdings 261
Cast-Matic Corp. 82
Diversified Diemakers 257
Ganton Technologies 168
Tool Products 137
Corporate 597
-------
Total $ 2,250
=======
INTERMET Corp. and Subsidlaries
Balance Sheet as of 03-31-05
CASE #04-67598
--------------
INTERMET U.S.
HOLDING
-------------
Cash And Equivalents $ 1
Accounts Receivable 7,116
Short-Term Intercompany Receivables 111
Inventories 6,787
Other Current Assets (35)
--------
TOTAL CURRENT ASSETS 13,980
Land and Buildings 30,171
Machinery & Equipment 62,699
Construction In Progress 0
--------
Total Fixed Assets 92,870
Accumulated Depreciation (51,462)
--------
NET FIXED ASSETS 41,408
Investment In Subsidiaries 0
Investment In European Operations 0
Long-Term Intercompany Receivables 0
Deferred Taxes, Long-Term Asset 0
Other Assets 1,292
--------
TOTAL ASSETS $ 56,680
========
Liabilities and Shareholder Equity
POST PETITION LIABILITIES
Accounts Payable ($ 359)
Wages and Salaries (See schedule) 532
Taxes Payable - (See schedule) 603
--------
TOTAL POST PETITION LIABILITIES 776
SECURED LIABILITIES:
SECURED BANK DEBT 0
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes 0
Accrued Tax - State 0
Accrued Property Taxes (38)
Accrued Workers Comp 490
Accrued Payroll 0
Accrued Payroll Taxes 0
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 452
UNSECURED LIABILITIES
Accounts Payable 7,870
Senior & IDR Bonds 0
--------
TOTAL UNSECURED LIABILITIES 7,870
OTHER LIABILITIES
Accrued Liabilities 1,952
Short-Term Intercompany Payables 23
Capital Leases 0
Retirement Benefits 0
Deferred Taxes - Long-Term Liability 0
Other Long-Term Liabilities 0
Long-Term Intercompany Payables 21,361
Minority Interest 0
--------
TOTAL LIABILITIES 32,434
Common Stock 5
Capital In Excess Of Par Value 54,495
Retained Earnings - Prepetition (24,414)
Retained Earnings - Post Petition (5,840)
Equity In European Operations 0
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
--------
TOTAL SHAREHOLDER EQUITY 24,246
--------
Total Liabilities And Equity $ 56,680
========
PERIOD ENDED: 03-31-05 INTERMET U.S. HOLDING (COLUMBUS MACHINING) CASE #04-67598
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
2/28/2005 Withheld Deposits 3/31/2005
--------- -------- --------- ---------
Income tax withheld: Federal $ 1,177 ($ 12,691) $ 13,174 $ 1,661
Income tax withheld: State (1,359) (4,779) 5,153 (985)
Income tax withheld: Local 0 0 0 0
FICA Withheld 5,300 (7,080) 7,759 5,978
Employers FICA (12,355) 3,639 7,759 (957)
Unemployment Tax: Federal (2,564) 654 177 (1,733)
Unemployment Tax: State (28,074) (1,298) 888 (28,484)
All Other Payroll W/H (1,318) 0 1,318 0
State Taxes: Inc./Sales/Use/Excise 334 (668) 0 (334)
Property Taxes (90,888) (17,415) 0 (108,303)
Workers Compensation 6,328 (20,894) 20,352 5,785
--------- --------- --------- ---------
Total ($123,419) ($ 60,532) $ 56,580 ($127,372)
Wages and Salaries 6,611 (77,210) 94,013 23,415
--------- --------- --------- ---------
Grand Total ($116,808) ($137,742) $ 150,593 ($103,957)
========= ========= ========= =========
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 $ 20,868 $ 0 $ 20,868 $ 0
Accounts Receivable $197,750 $196,750 $ 1,000 $ 0
PERIOD ENDED: 03-31-05 INTERMET U.S. HOLDING CORP. (NEW RIVER) CASE #04-67598
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
02-28-05 Withheld Deposits 3/31/2005
---------- ---------- ----------- ----------
Income tax withheld: Federal $ 0 ($ 107,410) $ 123,438 $ 16,028
Income tax withheld: State 0 (40,098) 46,318 6,220
Income tax withheld: Local 0 0 0 0
FICA Withheld 0 (67,928) 78,543 10,615
Employers FICA (14,786) (72,249) 78,543 (8,492)
Unemployment Tax: Federal (53,376) (6,369) 0 (59,745)
Unemployment Tax: State (132,764) (29,249) 0 (162,013)
All Other Payroll W/H 73,167 (138,203) 43,205 (21,831)
State Taxes: Inc./Sales/Use/Excise (15,000) (9,203) 9,203 (15,000)
Property Taxes (70,000) (30,000) 0 (100,000)
Workers Compensation (86,537) (55,596) 0 (142,133)
---------- ---------- ----------- ----------
Total ($ 299,296) ($ 556,305) $ 379,250 ($ 476,351)
Wages and Salaries (627,714) (825,151) 897,590 (555,275)
---------- ---------- ----------- ----------
Grand Total ($ 927,011) ($1,381,456) $ 1,276,840 ($1,031,627)
========== ========== =========== ==========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) Total 0-30 Days 30-60 Days Over 60 Days
Accounts Payable ($ 379,625) ($ 379,625) $ 0 $ 0
Accounts Receivable $ 6,974,715 $ 5,366,615 $ 333,513 $ 1,274,587
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
Month Ended 3/31/2005
MONTHLY CASH STATEMENT
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.
BEGINNING BANK BALANCE - - - - - -
RECEIPTS 234,057 227,384 - - - -
TRANSFERS IN (CORPORATE) - - 280,395 21,212 63,982 43,776
DIP INFLOW - - - - - -
DISBURSEMENTS - - (280,395) (21,212) (63,982) (43,776)
TRANSFERS OUT (CORPORATE) (234,057) (227,384) - - - -
DIP REPAYMENT - - - - - -
--------- --------- --------- -------- -------- --------
ENDING BANK BALANCE - - - - - -
DISBURSEMENTS PAID FOR BY CORPORATE 33,884
CHECKS ISSUED 232,558
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 83,856
---------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 350,298
=========
OUTSTANDING CHECKS AS OF FEBRUARY 28 70,966
VOIDED CHECKS OUTSTANDING AS OF FEBRUARY 28 -
CHECKS ISSUED IN MARCH 232,558
CHECK CLEARED IN MARCH (280,395)
---------
OUTSTANDING CHECKS AS OF MARCH 31 (SEE OUTSTANDING CHECKLIST) $ 23,130
=========
INTERMET U.S. HOLDING, INC. (COLUMBUS MACHINING) CASE NO. 04-67598
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------------------------- -------------------
ADP $ 2,230.35
ADVANCE DESIGN 352.80
ADVANCE TECHNOLOGIES SE 421.00
AETNA US HEALTHCARE 705.25
AFLAC 1,466.04
ALL WORLD MACHINE 297.85
AMA LABELING 108.08
AMERICAN PRECISION TOOL 13,155.11
ARTHUR WEEMS 2,000.00
ATMOS ENERGY 13.77
BELLSOUTH 235.98
BERNEY OFFICE SOLUTIONS 1,017.50
BRENT INDUSTRIES 324.04
CINTAS CORPORATION 176.88
COLUMBUS WATER WORKS 200.60
COMPRESSED AIR PRODUCTS 1,794.12
CONWAY SOUTHERN 4,072.55
DEXTER FASTENER TECH., 29,726.40
DOWDEL GAS, INC 840.08
FUTURE LEASING 272.74
G&K SERVICES 1,646.57
GE CAPITAL (GA) 1,451.54
GEORGIA CHILD SUPPORT 360.00
GEORGIA POWER COMPANY 31,093.74
GLOBAL EXCHANGE SERVICE 120.00
HAGEMEYER NORTH AMERICA 4,304.37
IMPECCABLE MACHINING 47,277.30
ITC DELTACOM 2,354.29
JOHN MAROTTA 1,500.00
KGK INTERNATIONAL 93.00
LAGRANGE FASTENERS & SU 5,492.05
LINA 30.00
MANPOWER CANADA 578.59
MATTHEW ALVERSON 3,700.00
NEC 1,039.99
PREFERRED SOURCING 5,173.75
PROVIDENT LIFE AND ACCI 208.00
RIVER MILL RECORDS MGMT 1,270.86
SOUTHERN STATES TOYOTAL 3,210.00
SOUTHLAND CHEMICAL & SU 833.45
SPHERION CORPORATION 14,544.98
SPINDLE PARTS AND SERVICE 6,645.95
THE OVERBY COMPANY 638.79
TRANSMAN 33,884.00
VERIZON WIRELESS COLUMB 2,662.44
VOICE LINK 130.00
WASTE MANAGEMENT 470.61
YUSA CORPORATION 36,316.80
CMI PAYROLL DISBURSED (INCLUDES CORP DISBURSEMENTS) 83,855.59
-------------
$ 350,297.80
INTERMET U.S. HOLDING, INC.
CASE NO. 04-67598
AT 3/31/05
COLUMBUS MACHINING - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 23,129.95
Unadjusted GL Balance 23,129.95
-----------------
$ -
=================
INTERMET U.S. HOLDING, INC.
OUTSTANDING CHECKS
CASE NO. 04-67598
DATE CHECK OUTSTANDING
3/24/2005 78628 $ 2,354.29
3/24/2005 78632 4,072.55
3/31/2005 78637 153.71
3/31/2005 78638 1,226.59
3/31/2005 78639 643.37
3/31/2005 78640 421.00
3/31/2005 78642 13,089.22
3/31/2005 78644 406.00
3/31/2005 78645 700.00
3/31/2005 78646 63.22
$ 23,129.95
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 3/31/2005
MONTHLY CASH STATEMENT
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.
BEGINNING BANK BALANCE - - - - -
RECEIPTS 3,505,499 2,492,412 - - -
TRANSFERS IN (CORPORATE) - - 1,854,776 686,259 304,311
DIP INFLOW - - - - -
DISBURSEMENTS - - (1,854,776) (686,259) (304,311)
TRANSFERS OUT (CORPORATE) (3,505,499) (2,492,412) - - -
DIP REPAYMENT - - - - -
------------ ---------- ----------- ------- -------
ENDING BANK BALANCE - - - - -
DISBURSEMENTS PAID FOR BY CORPORATE 2,602,863
CHECKS ISSUED 1,642,737
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 740,186
-----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 4,985,786
===========
OUTSTANDING CHECKS AS OF FEBRUARY 28 230,523
VOIDED CHECKS OUTSTANDING AS OF FEBRUARY 28 (1,009)
CHECKS ISSUED IN MARCH 1,642,737
CHECK CLEARED IN MARCH (1,854,776)
-----------
OUTSTANDING CHECKS AS OF MARCH 31 (SEE OUTSTANDING CHECKLIST) $ 17,474
===========
INTERMET U.S. HOLDING, INC. (NEW RIVER) CASE NO. 04-67598
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------------------- -------------------
ADVANCE TECHNOLOGIES $ 300.00
ADVANCED CARBIDE TOOL 6,671.25
AIR PRODUCTS & CHEMICAL 4,596.49
AIRGAS INC 1,948.14
ALLIED VAN LINES INC 12,782.91
ARAMARK UNIFORM SERVICE 496.54
ARBON EQUIPMENT CORP. 6,872.00
ARCET 288.75
ASCOM HASLER MAILING SY 126.00
AT&T 9,362.71
ATLANTIC COAST TOYOTALIFT 997.50
ATMOS ENERGY 5,424.77
ATMOS ENERGY MARKETING 110,398.78
BEST ONE TIRE 4,846.00
BLACKSBURG ENVIRONMENTAL SOLUT 3,890.00
BLUEFIELD GEAR & MACHINE 4,652.23
BOB'S REFUSE SERVICE IN 815.32
BROWN & SHARPE 220.00
CANON FINANCIAL 534.34
CARTER MACHINERY 8,211.00
CARTER MACHINERY CO INC. 10,986.54
CC METALS AND ALLOYS IN 22,308.62
CENTRAL VALLEY RUBBER S 37,011.40
CHAMPION CHISEL WORKS, 9,296.68
CITICORP VENDOR FINANCE 341.55
CITY OF RADFORD 6,765.30
CITY OF RADFORD 396,305.65
CITY OF RADFORD 192.61
CITY OF RADFORD, TREASU 21.00
COMMONWEALTH OF VIRGINIA 82.01
CUMMINS ATLANTIC INC. 4,100.00
DELTA WAVE COMMUNICATIONS 151.15
DETEK INC. 280.00
DHL EXPRESS INC 115.61
DISA GOFF, INC 179.40
DISA INDUSTRIES, INC 69,314.60
DUCA MFG & CONSULT.INC. 450.00
ELKEM METALS INC. 40,330.29
EMI EQUIPMENT MERCHANTS 27.06
EMSCO INC 939.33
ENTERPRISE 610.41
ENTERPRISE RENT-A-CAR 242.96
ENVIRITE OF OHIO 2,051.34
ENVIRONMENTAL ENGINEERI 240.00
ENVIRONMENTAL OPTIONS INC. 1,895.00
EVANS,ROBERT D 33.75
FAIRLAWN STORAGE 112.00
FETTER FINISHING 12,422.05
FIRE EQUIPMENT CO.INC. 1,291.00
FOSECO INC. 8,840.00
FRENCH, LYDIA 479.10
GREAT LAKES PRODUCTION SUPPORT 3,571.75
H.C. WADE 21,297.00
HA INTERNATIONAL, LLC 6,621.29
HARRIS RENTALS 130.00
HART METALS, INC. 37,400.00
HEAT TREATING SERVICES 26,593.24
HEATH OIL LLC 5,750.87
HENLEY TOOL CORP. 5,003.00
HERAEUS ELECTRO NITE CO 3,559.80
HICKMAN, WILLIAMS AND CO 292.50
HIGHLAND PAGING 408.52
HILL AND GRIFFITH CO. 148,339.69
HONEYWELL INC. 14,721.38
INTERMET U.S. HOLDING, INC. (NEW RIVER) CASE NO. 04-67598
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------------------- -------------------
IBM 657.60
INDUCTOTHERM CORP. 6,484.88
INDUSTRIAL POWDER COATI 50,896.71
INDUSTRIAL SCIENTIFIC CORP 775.61
INDUSTRIAL SUPPLY CORP 235,038.15
INTERSTATE CONSTRUCTION 1,000.00
JENKINS,KURT 1,367.76
KWIK KAFE CO 177.48
L. H. CORP 976.00
LABORATORY CORP OF AMER 78.50
LAND TRANSPORTATION 4,222.66
LANDAUER 325.60
LAYTON, TOMMY 141.76
LECTROTHERM 2,497.36
LINA. 74.00
LIVINGSTON AND HAVEN IN 2,170.92
LLOYD ELECTRIC CO.INC 7,582.72
MAGNECO/METREL 2,912.00
MARJO PLASTICS CO INC 115.50
MARSHALL WIRT & COMPANY 1,638.00
MCC 6,128.24
MCCOMBS, BRENT 287.60
MCKENDREE & CO.INC 1,078.89
MEDICAL ASSOCIATES OF SWVA 284.00
MERCER 2,158.00
METEC INC 13,500.00
MILLER AND COMPANY LLC 143,164.94
MITCHELL, KEVIN L. 60.93
MONTOGOMERY SANITATION 17.07
MOODY,DWAYNE 704.34
MOUNTAIN SPRINGS 165.00
MYOPTICS EYEWEAR 382.00
NATIONAL MATERIAL TRADING 284,969.77
NEW RIVER GLASS 16.00
NEW RIVER RECYCLING 11,667.87
NEW RIVER SOLID WASTE M 53,302.80
NORFOLK SOUTHERN (GA) 62,972.87
NORTHBEND PATTERN WORKS 28,500.00
NOVUS, LLC DBA: VALUELINE 585.00
OLD VIRGINIA RENTALS 1,474.70
OLVER, INC. 6,036.00
OMNISOURCE CORPORATION 1,973,594.40
OPTICAL INSTRUMENT SERVIC 350.00
PATTERN SERVICES 4,725.00
PAYROLL ISSUED (INCLUDES CORP DISBURSEMENTS) 740,186.15
PORTER WARNER INDUSTRIE 1,338.00
PROCHEM ANALYTICAL INCO 365.00
PROVIDENT LIFE 2,197.55
PROVIDENT LIFE 81.46
PULASKI CIRCUIT COURT 708.92
PULASKI GENERAL DIST CO 201.36
PULASKI JDR DIST COURT 737.52
RADFORD CITY FLORIST 62.95
RADFORD STORAGE 160.00
REBECCA CONNELLY 750.00
REFCO INC 6,120.00
RENTAL SERVICE CORP (RS 254.54
RITENOUR, GINNY 89.85
ROBERTS SINTO CORPORATI 4,170.05
SAFETY-KLEEN CORP. 213.65
SAF-GARD SAFETY SHOE CO 994.91
SAVEITNOW 2,314.83
SEC OF STATE 30.00
SECURITY FORCES INC 7,854.84
SECURITY SCALE SERVICE 3,231.56
INTERMET U.S. HOLDING, INC. (NEW RIVER) CASE NO. 04-67598
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ----------------------- -------------------
SOUTHWESTERN VA. GAS SE 1,492.62
THOMPSON CHRYSLER-PLYMO 404.51
THOMPSON TIRE 3,200.00
TOMLIN, LINDA 886.36
TRANSMAN (FREIGHT) 68,372.00
TWO WAY RADIO INC 15.00
UNITED INDUSTRIAL SERVI 14,962.76
UNITED REFRACTORIES COM 28,694.50
UNITED WAY SAL 180.00
VA. DEPT OF TAXATION 8,910.62
VALLEY MECHANICAL 1,684.50
VERIZON(17577) 4,722.50
VERIZON WIRELESS 71.85
VICTORIA SOWERS 310.00
WEDRON SILICA-FAIRMOUNT 13,496.00
WESTAFF USA INC. 210.88
WESTMORELAND ADVANCED M 29,160.00
WHEELABRATOR ABRASIVES 25,960.00
WILLIAM A. KIBBE & ASSO 465.00
WISE AIR, INC. 10,725.00
----------------
$ 4,985,786.05
INTERMET U.S. HOLDING, INC.
CASE NO. 04-67598
AT 3/31/05
NEW RIVER - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 17,474.46
Misc. Reconciling Items Adjusted in
April
(4,310.76)
---------
13,163.70
Unadjusted GL Balance 13,163.70
---------
Difference $ -
=========
NEW RIVER
OUTSTANDING CHECKS
CASE NO. 04-67598
DATE CHECK OUTSTANDING
2/8/2005 103057 $ 350.00
3/29/2005 103075 190.00
1/20/2005 104413 188.93
3/18/2005 105113 1,474.70
3/18/2005 105121 64.32
3/24/2005 105186 997.50
3/24/2005 105190 8,211.00
3/24/2005 105200 3,571.75
3/24/2005 105203 1,912.00
3/24/2005 105210 62.50
3/24/2005 105212 165.00
3/24/2005 105221 286.76
$ 17,474.46
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MARCH 31, 2005
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: APRIL 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
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 MARCH 31, 2005:
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: APRIL 20, 2005 /s/ Robert E. Belts
----------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- --------------
Title Phone
Intermet Corp. and Subsidiaries CASE #04-67603
Operating Statement IRONTON
For the Month Ended 3-31-05 IRON
($000's)
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 - (37)
Depreciation & Amortization - -
Other Allocated Fixed Costs - -
Other Fixed Costs - -
------------- ------------------
Cost of Goods Sold - (37)
Gross Profit - 37
Plant SG&A Expense - (3)
SG&A Expense - Allocation (Sched 1) - -
Other Operating Expenses 4 356
------------- ------------------
Total Operating Expenses 4 353
Operating Profit (4) (316)
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 (4) (316)
Income Tax Expense - -
------------- ------------------
Net Income ($ 4) ($ 316)
============= ==================
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs March
(Allocation of Corporate Costs to Filing Entities)
(000's)
March
------
Officer Compensation $ 189
Salary Expense other Employees 919
Employee Benefits and Pension 105
Payroll Taxes 60
Other Taxes 0
Rent and Lease Expense 216
Interest Expense
Insurance 62
Automobile and Truck Expense 11
Utilities(Gas Electric, Phone) 68
Depreciation 87
Travel and Entertainment 80
Repairs and Maintenance 51
Advertising/Promotion 0
Supplies, Office Expense 32
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 15
Public Reporting Fees 16
Employee Relocation/Training 2
Data Processing 29
Dues and Subscriptions 36
Outside Services 172
Project Development Costs net of Billings 73
Director Fees 25
Miscellaneous 4
Legal Fees 1
Cost Allocation - Europe (78)
Cost Allocation - Out (273)
------
$2,250
======
Allocation:
Wagner Castings 191
Northern Castings 51
Ironton Iron 0
Lynchburg Foundry 193
Columbus Foundry 313
Wagner Havana 0
Intermet U.S. Holdings 261
Cast-Matic Corp. 82
Diversified Diemakers 257
Ganton Technologies 168
Tool Products 137
Corporate 597
------
Total $2,250
======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 03-31-05
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
Construction In Progress
--------------
Total Fixed Assets 0
Accumulated Depreciation
--------------
NET FIXED ASSETS 0
Investment In Subsidiaries
Investment In European Operations 0
Long-Term Intercompany Receivables
Deferred Taxes, Long-Term Asset
Other Assets
--------------
TOTAL ASSETS $ 0
==============
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 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 0
--------------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 751
UNSECURED LIABILITIES
Accounts Payable 0
Senior & IDR Bonds 0
--------------
Total Unsecured Liabilities 0
OTHER LIABILITIES
Accrued Liabilities 0
Short-Term Intercompany Payables
Capital Leases 0
Retirement Benefits 0
Deferred Taxes - Long-Term Liability 0
Other Long-Term Liabilities 0
Long-Term Intercompany Payables 33,250
Minority Interest 0
--------------
TOTAL LIABILITIES 34,001
Common Stock 0
Capital In Excess Of Par Value 49,000
Retained Earnings - Prepetition (82,685)
Retained Earnings - Post Petition (316)
Equity In European Operations
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
--------------
TOTAL SHAREHOLDER EQUITY (34,001)
--------------
TOTAL LIABILITIES AND EQUITY $ 0
==============
PERIOD ENDED: 03-31-05 IRONTON IRON, INC. CASE #04-67603
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
2/28/2005 Withheld Deposits 3/31/2005
--------- --------- ---------- ---------
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: MARCH 31, 2005
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: APRIL 20, 2005 _____________________________
Debtor in Possession
Form 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MARCH 31, 2005
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: APRIL 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 MARCH 31, 2005:
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: APRIL 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 3-31-05
($000's)
CASE #04-67606
LYNCHBURG
FOUNDRY
---------------------------------
Current Month Total Since Filing
------------- ------------------
NET SALES $ 8,583 $ 47,148
Cost of Goods Sold
Materials and Freight 3,561 21,820
Wages-Hourly 1,333 7,222
Wages-Salary 320 1,960
Employee Benefits and Pension 741 5,553
Repairs & Maintenance 473 2,729
Supplies 671 3,384
Utilities 382 1,922
Purchased Components/Services 257 1,259
Income(loss) from Pattern Sales (10) (17)
Fixed Asset-(gain/loss) - (42)
MIS Expense 34 216
Travel & Entertainment 3 7
Other Variable Costs 345 2,759
Depreciation & Amortization 215 1,283
Other Allocated Fixed Costs - (2)
Other Fixed Costs 125 704
-------- --------
Cost of Goods Sold 8,450 50,757
Gross Profit 133 (3,609)
Plant SG&A Expense - -
SG&A Expense-Allocation (Sched 1) 193 1,116
Other Operating Expenses 6 270
-------- --------
Total Operating Expenses 199 1,386
Operating Profit (66) (4,995)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (122) (328)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) 1 6
-------- --------
Total Non-Operating Expenses (121) (322)
Income Before Income Taxes (187) (5,317)
Income Tax Expense - -
-------- --------
Net Income ($ 187) ($ 5,317)
======== ========
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs March
(Allocation of Corporate Costs to Filing Entities)
(000's)
March
--------
Officer Compensation $ 189
Salary Expense other Employees 919
Employee Benefits and Pension 105
Payroll Taxes 60
Other Taxes 0
Rent and Lease Expense 216
Interest Expense
Insurance 62
Automobile and Truck Expense 11
Utilities(Gas Electric,Phone) 68
Depreciation 87
Travel and Entertainment 80
Repairs and Maintenance 51
Advertising/Promotion 0
Supplies, Office Expense 32
OTHER:
Contributions 0
Professional Fees-Audit/Tax 350
Bank Fees 15
Public Reporting Fees 16
Employee Relocation/Training 2
Data Processing 29
Dues and Subscriptions 36
Outside Services 172
Project Development Costs net of Billings 73
Director Fees 25
Miscellaneous 4
Legal Fees 1
Cost Allocation-Europe (78)
Cost Allocation-Out (273)
-------
$ 2,250
=======
Allocation:
Wagner Castings 191
Northern Castings 51
Ironton Iron 0
Lynchburg Foundry 193
Columbus Foundry 313
Wagner Havana 0
Intermet U.S. Holdings 261
Cast-Matic Corp. 82
Diversified Diemakers 257
Ganton Technologies 168
Tool Products 137
Corporate 597
------
Total $2,250
======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 03-31-05
CASE #04-67606
--------------
LYNCHBURG
FOUNDRY
--------------
Cash And Equivalents $ 0
Accounts Receivable 6,627
Short-Term Intercompany Receivables 23
Inventories 4,961
Other Current Assets 327
--------
TOTAL CURRENT ASSETS 11,938
Land and Buildings 19,915
Machinery & Equipment 53,034
Construction In Progress 39
--------
Total Fixed Assets 72,988
Accumulated Depreciation (58,594)
--------
NET FIXED ASSETS 14,394
Investment In Subsidiaries 0
Investment In European Operations 0
Long-Term Intercompany Receivables 2,939
Deferred Taxes, Long-Term Asset 0
Other Assets 437
--------
TOTAL ASSETS $ 29,708
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 898
Wages and Salaries (See schedule) 184
Taxes Payable-(See schedule) 523
--------
TOTAL POST PETITION LIABILITIES 1,605
SECURED LIABILITIES:
SECURED BANK DEBT 0
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes 0
Accrued Tax - State 0
Accrued Property Taxes 0
Accrued Workers Comp. 1,985
Accrued Payroll 0
Accrued Payroll Taxes 0
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 1,985
Unsecured Liabilities
Accounts Payable 7,621
Senior & IDR Bonds 0
--------
TOTAL UNSECURED LIABILITIES 7,621
OTHER LIABILITIES
Accrued Liabilities 2,436
Short-Term Intercompany Payables 8
Capital Leases 0
Retirement Benefits 663
Deferred Taxes-Long-Term Liability 0
Other Long-Term Liabilities 2,296
Long-Term Intercompany Payables 0
Minority Interest 0
--------
TOTAL LIABILITIES 16,614
Common Stock 0
Capital In Excess Of Par Value 0
Retained Earnings-Prepetition 18,411
Retained Earnings-Post Petition (5,317)
Equity In European Operations 0
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
--------
TOTAL SHAREHOLDER EQUITY 13,094
--------
TOTAL LIABILITIES AND EQUITY $ 29,708
========
PERIOD ENDED: 03-31-05 LYNCHBURG FOUNDRY (ARCHER CREEK) CASE #04-67606
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
02/28/05 Withheld Deposits 03/31/05
------------ ------------ ----------- ------------
Income tax withheld: Federal $ 0 ($ 245,112) $ 245,112 $ 0
Income tax withheld: State 0 (93,331) 93,331 0
Income tax withheld: Local 0 0 0 0
FICA Withheld 0 (151,375) 151,375 0
Employers FICA (27,142) (140,803) 152,130 (15,814)
Unemployment Tax: Federal (12,670) (16,966) 0 (29,636)
Unemployment Tax: State (158,412) (80,193) 0 (238,606)
All Other Payroll W/H 83,096 (207,770) 92,522 (32,152)
State Taxes: Inc./Sales/Use/Excise (49,808) (3,000) 874 (51,934)
Property Taxes (46,209) (25,262) 451 (71,020)
Workers Compensation (92,993) (31,750) 81,276 (43,467)
----------- ----------- ----------- -----------
Total ($ 304,137) ($ 995,561) $ 817,070 ($ 482,629)
Wages and Salaries (380,854) (1,752,299) 1,948,739 (184,413)
----------- ----------- ----------- -----------
Grand Total ($ 684,991) ($2,747,860) $ 2,765,809 ($ 667,042)
=========== =========== =========== ===========
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 $ 898,083 $ 898,083 $ 0 $ 0
Accounts Receivable $7,021,851 $6,700,909 $ 272,534 $ 48,408
PERIOD ENDED: 03-31-05 LYNCHBURG FOUNDRY (RADFORD) CASE #04-67606
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
2/28/2005 Withheld Deposits 3/31/2005
--------- --------- ---------- ---------
Income tax withheld: Federal $ 0 ($ 1,165) $ 1,165 $ 0
Income tax withheld: State 0 (514) 514 0
Income tax withheld: Local 0 0 0 0
FICA Withheld 0 (822) 822 0
Employers FICA 0 (822) 822 0
Unemployment Tax: Federal 0 0 0 0
Unemployment Tax: State 0 0 0 0
All Other Payroll W/H 0 (295) 295 0
State Taxes: Inc./Sales/Use/Excise 0 0 0 0
Property Taxes (30,491) (10,000) 0 (40,491)
Workers Compensation 0 0 0 0
-------- -------- -------- --------
Total ($30,491) ($13,619) $ 3,619 ($40,491)
Wages and Salaries 0 0 0 0
-------- -------- -------- --------
Grand Total ($30,491) ($13,619) $ 3,619 ($40,491)
======== ======== ======== ========
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 $0
Accounts Receivable -Pre & Post $0 $0 $0 $0
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 3/31/2005
MONTHLY CASH STATEMENT
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.
BEGINNING BANK BALANCE - - - - -
RECEIPTS 9,017 5,641,820 - - -
TRANSFERS IN (CORPORATE) - - 2,073,321 1,585,283 300,846
DIP INFLOW - - - - -
DISBURSEMENTS - - (2,073,321) (1,585,283) (300,846)
TRANSFERS OUT (CORPORATE) (9,017) (5,641,820) - - -
DIP REPAYMENT - - - - -
------ ---------- ----------- ---------- --------
ENDING BANK BALANCE - - - (0.03) -
DISBURSEMENTS PAID FOR BY CORPORATE 4,519,809
CHECKS ISSUED 1,834,034
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 1,473,660
-----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 7,827,503
===========
OUTSTANDING CHECKS AS OF FEBRUARY 28 375,613
VOIDED CHECKS OUTSTANDING AS OF FEBRUARY 28 -
Checks Issued in March 1,834,034
CHECK CLEARED IN MARCH (2,073,321)
-----------
OUTSTANDING CHECKS AS OF MARCH 31 (SEE OUTSTANDING CHECKLIST) $ 136,325
===========
LYNCHBURG FOUNDRY, INC.(ARCHER CREEK) CASE NO. 04-67606
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------ -------------------
AC CONTROLS CO 452.70
ACTION MACHINERY 1,413.00
ADVANCED CARBIDE TOOL 5,494.10
ADVANCED COMMUNICATIONS & ELEC 108.88
ADVANCED TECH. SERVICE BUREAU 700.00
AETNA U.S. HEALTHCARE 14,842.42
AFP INDUSTRIES 416.74
AG JEFFERSON 798.40
AGFA NDT, INC 476.60
AIR PRODUCTS AND CHEMICALS 3,822.26
AIRGAS MID-AMERICA 1,650.78
ALABAMA BY-PRODUCTS 651,170.17
ALLOR MFG 988.40
ALLTEL 291.58
ALPHA OMEGA RESOURCES 2,697.90
ALTA SHOE SHOP INC 95.00
AMERICAN ELECTRIC MOTORS 1,124.32
AMERICAN ELECTRIC POWER 176,319.42
AMERICAN ELECTRIC POWER 177,065.00
AMERICAN HEART ASSOCIATION 100.00
AMERIGAS - LYNCHBURG-MONROE 15,600.00
AMX PERFORMANCE CO 755.00
ANDREW GOLDSTEIN 75.00
APPALACHIAN POWER CO 297.95
APPLIED FLUID POWER 202.75
APPLIED IND. TECHNOLOGIES 13,423.44
APPOMATTOX GLASS & STOREFRONT 216.00
ARAMARK UNIFORM SERVICES 888.04
ARCET EQUIPMENT 1,563.19
ARTISAND 239.51
AT&T 847.50
AT&T 79.44
ATLANTIC COAST TOYOTALIFT 2,915.25
ATL-EAST TAG & LABEL 358.92
ATMOSPHERE ANNEALING 1,975.46
AUTOCOM MANUFACTURING 264,710.25
BANKS COMPANY 1,997.30
BARKER-JENNINGS 5,852.30
BEARDSLEY & PIPER 341.96
BFI 37,284.64
BIG BROTHERS/BIG SISTERS 250.00
BMG METALS 11,140.66
BOND, CYNTHIA GALLIER 369.52
BOONSBORO ELEMENTARY SC 150.00
BOULEVARD PROPERTIES 821.25
BOXLEY AGGREGATES 1,598.05
BRAMMER SAFETY SUPPLY 12,215.31
BRC COMPANY 28,395.64
BRENNTAG SOUTHEAST 1,286.00
BROWN & SHARPE 2,300.00
C ARTHUR WEAVER 75.31
C. A. TOOLING 15,430.00
CAMPBELL COUNTY TREASURER 1,343.25
CAMPBELL-PAYNE 617.80
CANDLER OIL 39,382.68
CAPP, INC 1,347.81
CARCO INC 193.07
CARLTON GROUP 915.20
CAROLINA FLUID COMPONENTS 407.34
CARTER MACHINERY 529.73
LYNCHBURG FOUNDRY, INC.(ARCHER CREEK) CASE NO. 04-67606
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- -------------------------------- -------------------
CASTEC, INC 4,386.20
CC METALS & ALLOYS 217,836.40
CENTRA HEALTH 93.50
CENTRAL VA FAMILY PHYSICIANS 338.00
CENTRAL VA REGIONAL SCIENCE FAIR 300.00
CHAMPION CHISEL WORKS 4,558.56
CHEMSOLV, INC 404.95
CHICAGO FREIGHT CAR LEASING 10,485.65
CIMTEC AUTOMATION 3,325.80
COLE-PALMER INSTRUMENT 188.00
COLUMBIA MARKING TOOLS 112.62
COMMERICAL STEEL ERECTION 2,640.00
COMMONWEALTH OFFICE SOLUTIONS 64.90
CONSUMER DORIN ADAMS 32,148.18
CONTROL CHIEF CORP 200.21
CONTROL CORP OF AMERICA 205.12
CROSS SALES & ENGINEERING 2,166.27
CSXT 9,813.00
CVCC BOOKSTORE 495.24
DETEK 550.00
DICK HARRIS & SON TRUCK 6,654.90
DICKERSON, WILLIAM F. 60.38
DIKE-O-SEAL 1,530.80
DM&E RAILROAD 66,670.35
DODSON BROS. EXTERMINATING 177.00
DOMINION METALLURGICAL 968.03
EASTERN N D T INC 197.74
ECK SUPPLY 8,376.27
ECONOMY ENERGY, LLC 93,840.00
ELECOM INC 318.25
ELECTRONICS REPAIR CENTER 1,158.73
ELKEM METALS 54,269.51
ELY CRANE AND HOIST 3,316.12
ENGINEERING CHEMISTRY 1,489.00
ENGINEERING DESIGN 3,000.00
ENTERPRISE 590.80
EQUIPMENT MERCHANTS 33,288.00
EQUIPMENT MERCHANTS, INTL 3,630.34
ETA ENGINEERING 13,290.70
EUTECTIC CORPORATION 356.08
EXCEL TECHNOLOGIES 182.00
FAMILY SUPPORT REGISTRY 585.12
FARM SERVICE CO. 56.85
FARMER, STEVE 86.40
FEDERAL RESERVE 550.00
FERBEE-JOHNSON CO 6,418.12
FERGUSON ENTERPRISES 72.09
FINN PATTERN 10,000.00
FIRE & SAFETY EQUIPMENT 1,544.91
FIRTION, BRIAN 185.85
FMC TECHNOLOGIES 2,677.50
FOSECO 57,093.12
FOSTER ELECTRIC CO 2,000.31
FREE CLINIC OF CENTRAL VA, INC 250.00
FRISCHKORN, INC 42.10
G E SUPPLY 1,504.37
G.E. CAPITAL 7,228.00
LYNCHBURG FOUNDRY, INC.(ARCHER CREEK) CASE NO. 04-67606
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- -------------------------------------- -------------------
GE POLYMERSHAPES 225.56
GENERAL KINEMATICS 904.00
GIVENS, RICHARD 384.61
GLOBAL STONE JAMES RIVER 12,000.00
GLOBE METALLURGICAL 270,596.40
HACH CHEMICAL COMPANY 55.50
HAJOCA CORPORATION 908.76
HAMILTON, WAYNE 100.00
HARBISON-WALKER REFRACTORIES 13,658.46
HARMON PRODUCTS 113.49
HARTLEY CONTROLS CORP 900.19
HAUCK MFG 1,155.10
HELEN P. PARRISH 207.00
HERAEUS ELECTRO-NITE CO 14,688.37
HERB'S TOOL GRINDING & SALES 651.73
HILL AND GRIFFITH 26,014.38
HOMESTEAD MATERIALS HANDLING 617.35
HOPKINS, WILLIAM D 81.08
HORSEHEAD RESOURCE DVLP 24,000.00
HUBBELL INDUSTRIAL CONTROLS 856.80
I.A.M. NATIONAL PENSION FUND 1,839.20
IKEY 804.00
INDUSTRIAL FILTER MFG 1,907.54
INDUSTRIAL SUPPLY CORP 9,339.87
INGE, DAPHNE 37.07
INTEGRATED MOTION 2,243.17
INTERNATIONAL ASSOC 432.00
INTERNATIONAL QUALITY CONTROL 2,050.00
INTERSTATE BATTERY 159.75
INT-L SURFACE CORPORATION 2,146.65
J.P. NISSEN CO 105.35
JACKSON WANDA K 396.92
JACKSON-HIRSH 221.19
JAMES RIVER EQUIPMENT 1,432.10
JAMES T. DAVIS 767.50
JDN LEASING 3,500.00
JEFFERSON GALLERIES 705.56
JESUS BARAJAS CARLOS 2,672.03
JOBE& COMPANY 942.72
JUNIOR ACHIEVEMENT 1,800.00
KATHRYN'S FLOWER SHOP 50.25
KENT RUDBECK 480.00
KEYENCE CORP. OF AMERICA 160.00
KINDT COLLINS CO 328.72
LAWRENCE EQUIPMENT 3,916.24
LEWIS SYSTEMS INC. 12,114.06
LEWIS, ANGELA V. 369.20
LINA 216.50
LINDA TOMLIN 1,276.44
LINTERN CORP 119.02
LIVINGSTON AND HAVEN 109.82
LYNCHBURG REGIONAL CHAMBER OF COMMERCE 34.00
LYNCHBURG SHERIFF'S OFFICE 250.00
MAGNETEK INDUSTRIAL CONTROLS 950.00
MARMON/KEYSTONE CORP 358.00
MASTER GAGE & TOOL CO 1,997.92
MAYBERRY, SUSIE 92.71
MCBRIDE BLACKBURN OPTICIANS 321.50
MCI COMM SERVICE 11.89
MCMASTER-CARR SUPPLY 130.12
LYNCHBURG FOUNDRY, INC.(ARCHER CREEK) CASE NO. 04-67606
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------------------------------ -------------------
MEDICAL ASSOCIATES OF CENTRAL VA 344.00
MELRATH GASKET 126.50
MERCER 6,640.00
METALLO GASKET CO 733.52
METSO MINERALS IND 4,439.16
MILLER, GLENN 951.65
MOORE'S MACHINE CO 29,586.00
MOTION INDUSTRIES 2,573.96
NAPA 41.83
NATIONAL AUTO PARTS 312.30
NATIONAL MATERIAL TRADING 406,155.87
NEW PIG CORPORATION 501.38
OMNISOURCE FT WAYNE 2,334,145.01
OSBORNE INTERNATIONAL 688.32
PAYROLL DISBURSED (INCLUDES AMOUNTS PAID BY CORPORATE) 1,473,659.61
PIEDMONT FOUNDRY SUPPLY 255,527.86
PITNEY BOWES CREDIT CORP 519.00
PORTER WARNER IND 74,955.92
PRAIRIE TRANSPORTATION 13,440.00
PRECISION HYDRAULICS CO 3,003.99
PROCHEM ANALYTICAL 590.00
PRODUCT ACTION 2,617.56
PROFORMA 3,424.00
PROVIDENT LIFE 81.46
PROVIDENT LIFE & ACCIDENT 2,409.18
QSI, INC 260.40
R.I. LAMPUS 39,784.96
RADIO COMM. CO 125.00
RED HILL GRINDING WHEEL 5,822.83
REI CONSULTANTS 672.77
REXEL 857.36
RICHMOND SECURITY SERVICES 10,394.16
RIVER RIDGE SUPPLY CO 68.04
ROBERTS SINTO CORP 35.90
RSC 3,213.00
SAFETY & COMPLIANCE SERVICES 2,200.00
SAF-GARD SAFETY SHOE 484.96
SALEM TOOLS 236.43
SALVATION ARMY 300.00
SCHAEFER BRUSH MFG 3,048.00
SERVICE FIRST 1,316.23
SMITH SERVICES 35,168.92
SOUTHERN AIR 3,371.72
SOUTHERN MAINTENANCE SUPPLY 2,240.90
SPECIALTY FOUNDRY PRODUCTS 24,300.91
SPRAYING SYSTEMS 755.16
STERICYCLE INC 175.42
SUPERIOR GRAPHITE 24,153.76
TEMPLETON'S MKT 286.29
TENNANT COMPANY 250.20
THE MASA CORP 4,034.35
THERMO ELECTRON SCIENTIFIC 2,794.58
THOMPSON TRUCKING 53,213.51
THYSSENKRUPP SPECIALTY STEELS 2,039.04
TICE - ANDERSON, PATSY 363.20
TIME TECHNOLOGIES 96.67
TORRENCE PLUMBING 8,069.74
TRANSMAN 27,332.44
TREASURER OF VA 14,068.62
TRENT, CLYDE L. 250.62
TUCKER, DAVID 2,643.20
LYNCHBURG FOUNDRY, INC.(ARCHER CREEK) CASE NO. 04-67606
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------- -------------------
TUSCOLA SAGINAW BAY RAILWAY 29,433.50
UNITED HYDRAULICS INC 22,961.35
UNITED RENTALS 2,374.45
UNITED WAY OF CENTRAL VA 186.75
VA CAROLINA BELTING 6,145.51
VA DEPT OF TAX 1,435.66
VA FLUID POWER 890.00
VALLEY FASTENERS 3,198.08
VALLEY FUEL INJECTION SERVICE 401.30
VBS 4,308.52
VERIZON 8,055.52
VIBRA SCREW 833.00
VIRGINIA CAROLINA CONTROLS 115.75
VIRGINIA POWER ENERGY MARKETING 132,565.00
VWR SCIENTIFIC 684.09
W.E.L. ENTERPRISES 3,487.50
WATTS, ROY 15.75
WEBER MARKING SYSTEMS 1,010.84
WENDT DUNNINGTON 278.94
WEXFORD SAND COMPANY 11,060.00
WHEELABRATOR ABRASIVES 74,271.24
WIGGINGTON RD FAMILY PRACTICE 69.00
WILLIAMS, CLARENCE 5,483.28
WILLIAMSON & WILMER 781.79
WIRELESS SOLUTIONS 192.00
WOODS, ROGERS 3,755.97
WOOLDRIDGE HEATING & AIR 1,535.00
XEROX CORPORATION 1,647.32
XPEDX 11,128.04
-
--------------
$ 7,827,502.84
LYNCHBURG FOUNDRY
CASE NO. 04-67606
AT 3/31/05
ARCHER CREEK-BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 136,325.35
Prepetition Checks Voided in March 12,819.00
Misc Reconciling Items Adjusted in April (1,944.78)
-----------
147,199.57
Unadjusted GL Balance 147,199.57
-----------
Difference $ -
===========
ARCHER CREEK
OUTSTANDING CHECKS
CASE NO. 04-67606
DATE CHECK OUTSTANDING
10/8/04 15418 $ 28.35
10/8/04 15419 85.61
10/8/04 15421 28.35
10/11/04 15430 52.67
10/14/04 15447 42.76
10/15/04 15452 296.64
10/22/04 15555 48.50
2/18/05 17795 291.29
3/4/05 18095 64.90
3/11/05 18276 75.00
3/11/05 18279 338.00
3/11/05 18294 402.81
3/11/05 18295 30.45
3/18/05 18418 126.50
3/18/05 18441 92.30
3/18/05 18450 316.22
3/18/05 18451 1,539.99
3/18/05 18484 138.77
3/18/05 18490 488.19
3/18/05 18491 412.00
3/18/05 18493 1,432.10
3/18/05 18498 1,199.50
3/22/05 18538 2,600.00
3/22/05 18541 1,234.02
3/22/05 18542 51.98
3/22/05 18545 407.34
3/22/05 18546 422.26
3/22/05 18553 71.13
3/22/05 18555 1,505.00
3/22/05 18556 14.53
3/22/05 18558 750.42
3/22/05 18559 4.74
3/22/05 18564 84.70
3/22/05 18565 2,868.00
3/22/05 18566 881.15
3/23/05 18573 260.34
3/23/05 18574 83.84
3/24/05 18588 1,920.30
3/24/05 18591 400.00
3/24/05 18596 658.39
3/24/05 18597 177.00
3/24/05 18603 8,000.00
3/24/05 18607 3,500.00
3/24/05 18624 295.00
3/24/05 18632 93.50
3/24/05 18639 363.20
3/24/05 18645 2,600.00
3/24/05 18646 175.94
3/24/05 18647 10.50
3/24/05 18648 18.72
3/24/05 18652 268.14
3/24/05 18655 1,150.00
3/24/05 18656 260.00
3/24/05 18661 2,106.51
3/24/05 18662 30.00
3/24/05 18667 202.75
3/24/05 18668 81.33
3/24/05 18669 1,434.00
3/29/05 18671 7,203.00
3/29/05 18672 1,816.72
3/30/05 18673 205.12
3/30/05 18674 13.37
3/30/05 18675 35.90
3/30/05 18676 77.40
3/30/05 18677 25,210.50
3/30/05 18683 111.46
3/30/05 18684 519.33
3/30/05 18685 968.79
3/30/05 18686 2,275.73
3/30/05 18687 81.08
3/30/05 18688 512.88
3/30/05 18689 60.75
3/30/05 18690 11.19
3/30/05 18691 66.00
3/30/05 18692 150.00
3/30/05 18693 1,172.80
3/30/05 18694 396.52
3/30/05 18695 212.66
3/30/05 18696 3.76
3/30/05 18697 394.90
3/30/05 18698 149.65
3/30/05 18699 576.78
3/30/05 18700 640.64
3/30/05 18701 6.00
3/30/05 18702 48,883.03
3/30/05 18703 1,212.42
3/30/05 18704 145.00
3/31/05 18705 611.84
3/31/05 18706 84.50
$136,325.35
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 3/31/2005
MONTHLY CASH STATEMENT
CASE NO. 04-67606
LYNCHBURG FOUNDRIES - (RADFORD FOUNDRY)
---------------------------------------------------------------
ACCOUNT TYPE LOCKBOX 77307 DEPOSITORY AP PR (HOURLY) PR (SALARY)
Account # 1599413 5401086474 2770716419 2770716401 2770716708
BANK Bank One Stan Fed Stan Fed Stan Fed Stan Fed
BEGINNING BANK BALANCE - - - - -
RECEIPTS - - - - -
TRANSFERS IN (CORPORATE) - - - - -
DIP INFLOW - - - - -
DISBURSEMENTS - - - - -
TRANSFERS OUT (CORPORATE) - - - - -
DIP REPAYMENT - - - - -
----------------------------------------------------------------------
ENDING BANK BALANCE - - - - -
DISBURSEMENTS PAID FOR BY CORPORATE 51,371
CHECKS ISSUED -
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) -
----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 51,371
==========
NOTE: Radford's payroll is consolidated with the Corporate payroll due to
immateriality
RADFORD FOUNDRY CASE NO. 04-67606
Cash Disbursements
MARCH 2005
Vendor Total Disbursements
- --------------------- -------------------
ADP $ 101.00
AETNA 103.58
CITY OF RADFORD 6,725.22
CUSTOM CONTRACTING 21,384.00
CUSTOM CONTRACTING 20,500.00
CUSTOM CONTRACTING 2,500.00
LINA (FORMERLY CIGNA) 8.00
PROVIDENT LIFE 49.59
----------
$51,371.39
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MARCH 31, 2005
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: APRIL 20, 2005 _________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
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 MARCH 31, 2005:
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: APRIL 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 3-31-05
($000's)
CASE #04-67608
NORTHERN
CASTINGS
----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales $ 1,807 $ 9,256
Cost of Goods Sold
Materials and Freight 546 2,655
Wages - Hourly 259 1,345
Wages-Salary 85 490
Employee Benefits and Pension 124 710
Repairs & Maintenance 111 476
Supplies 99 530
Utilities 160 880
Purchased Components/Services 86 353
Income(loss) from Pattern Sales - (143)
Fixed Asset - (gain/loss) - -
MIS Expense 10 69
Travel & Entertainment - 10
Other Variable Costs 16 121
Depreciation & Amortization 42 253
Other Allocated Fixed Costs - -
Other Fixed Costs 20 113
------------- ------------------
Cost of Goods Sold 1,558 7,862
Gross Profit 249 1,394
Plant SG&A Expense - -
SG&A Expense - Allocation (Sched 1) 51 292
Other Operating Expenses - -
------------- ------------------
Total Operating Expenses 51 292
Operating Profit 198 1,102
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (28) (64)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) - -
------------- ------------------
Total Non-Operating Expenses (28) (64)
Income Before Income Taxes 170 1,038
Income Tax Expense 1 4
------------- ------------------
Net Income $ 169 $ 1,034
============= ==================
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs March
(Allocation of Corporate Costs to Filing Entities)
(000's)
March
------
Officer Compensation $189
Salary Expense other Employees 919
Employee Benefits and Pension 105
Payroll Taxes 60
Other Taxes 0
Rent and Lease Expense 216
Interest Expense
Insurance 62
Automobile and Truck Expense 11
Utilities(Gas Electric,Phone) 68
Depreciation 87
Travel and Entertainment 80
Repairs and Maintenance 51
Advertising/Promotion 0
Supplies, Office Expense 32
Other:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 15
Public Reporting Fees 16
Employee Relocation/Training 2
Data Processing 29
Dues and Subscriptions 36
Outside Services 172
Project Development Costs net of Billings 73
Director Fees 25
Miscellaneous 4
Legal Fees 1
Cost Allocation - Europe (78)
Cost Allocation - Out (273)
------
$2,250
======
Allocation:
Wagner Castings 191
Northern Castings 51
Ironton Iron 0
Lynchburg Foundry 193
Columbus Foundry 313
Wagner Havana 0
Intermet U.S. Holdings 261
Cast-Matic Corp. 82
Diversified Diemakers 257
Ganton Technologies 168
Tool Products 137
Corporate 597
------
Total $2,250
======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 03-31-05
CASE #04-67608
--------------
NORTHERN
CASTINGS
--------------
Cash And Equivalents $ 0
Accounts Receivable 1,896
Short-Term Intercompany Receivables 0
Inventories 864
Other Current Assets 3
--------------
TOTAL CURRENT ASSETS 2,763
Land and Buildings 2,266
Machinery & Equipment 8,644
Construction In Progress 678
--------------
Total Fixed Assets 11,588
Accumulated Depreciation (9,266)
--------------
NET FIXED ASSETS 2,322
Investment In Subsidiaries 0
Investment In European Operations 0
Long-Term Intercompany Receivables 11,256
Deferred Taxes, Long-Term Asset 0
Other Assets 110
--------------
TOTAL ASSETS $ 16,451
==============
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 276
Wages and Salaries (See schedule) 85
Taxes Payable - (See schedule) 40
--------------
TOTAL POST PETITION LIABILITIES 401
SECURED LIABILITIES:
SECURED BANK DEBT 0
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes 0
Accrued Tax - State 0
Accrued Property Taxes 29
Accrued Workers Comp. 49
Accrued Payroll 0
Accrued Payroll Taxes 0
--------------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 78
UNSECURED LIABILITIES
Accounts Payable 1,661
Senior & IDR Bonds 0
--------------
TOTAL UNSECURED LIABILITIES 1,661
OTHER LIABILITIES
Accrued Liabilities 356
Short-Term Intercompany Payables 1
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 2,497
Common Stock 0
Capital In Excess Of Par Value 1,800
Retained Earnings - Prepetition 11,120
Retained Earnings - Post Petition 1,034
Equity In European Operations
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
--------------
TOTAL SHAREHOLDER EQUITY 13,954
--------------
TOTAL LIABILITIES AND EQUITY $ 16,451
==============
PERIOD ENDED: 03-31-05 NORTHERN CASTINGS CORP. CASE #04-67608
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
2/28/2005 Withheld Deposits 03/31/05
--------- --------- ---------- ---------
Income tax withheld: Federal ($ 4,603) ($ 31,789) $ 34,071 ($ 2,321)
Income tax withheld: State (2,207) (14,216) 15,232 (1,191)
Income tax withheld: Local 0 0 0 0
FICA Withheld (4,700) (26,506) 28,457 (2,749)
Employers FICA (4,403) (25,935) 27,885 (2,453)
Unemployment Tax: Federal (3,961) 0 0 (3,961)
Unemployment Tax: State 0 0 0 0
All Other Payroll W/H 0 0 0 0
State Taxes: Inc./Sales/Use/Excise (646) (5,339) 0 (5,985)
Property Taxes (12,500) (2,000) 0 (14,500)
Workers Compensation (18,657) (7,000) 18,555 (7,102)
--------- --------- ---------- ---------
Total ($ 51,677) ($112,785) $ 124,200 ($ 40,262)
Wages and Salaries (64,485) (47,965) 27,495 (84,956)
--------- --------- ---------- ---------
Grand Total ($116,162) ($160,750) $ 151,694 ($125,218)
========= ========= ========== =========
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 $ 276,212 $ 276,212 $ 0 $ 0
Accounts Receivable $1,942,094 $1,691,605 $ 69,818 $ 180,671
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS: MONTHLY CASH STATEMENT
MONTH ENDED 3/31/2005
CASE # 04-67608
NORTHERN CASTINGS (HIBBING)
---------------------------------------------------------------------------------------
ACCOUNT TYPE LOCKBOX 77122 DEPOSIT AP PR (HOURLY) PR (SALARY)
ACCOUNT # 1261483 5401086458 2770716435 2770716427 2770716682
BANK Bank One Stan. Fed. Stan. Fed. Stan. Fed. Stan. Fed.
------------- ------------- ---------- ---------- ----------- ----------
BEGINNING BANK BALANCE - - - - -
RECEIPTS 307,728 1,068,477 - - -
TRANSFERS IN (CORPORATE) - - 667,250 253,440 68,969
DIP INFLOW - - - - -
DISBURSEMENTS - - (667,250) (253,440) (68,969)
TRANSFERS OUT (CORPORATE) (307,728) (1,068,477) - - -
DIP REPAYMENT - - - - -
------------- ---------- ---------- ----------- ----------
ENDING BANK BALANCE - - - - -
DISBURSEMENTS PAID FOR BY CORPORATE 1,043,155 Includes $ 472,412 DISA Equipment Purchase
CHECKS ISSUED 697,014
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 312,431
-----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 2,052,601
===========
OUTSTANDING CHECKS AS OF FEBRUARY 28 91,117
VOIDED CHECKS OUTSTANDING AS OF FEBRUARY 28 (85)
CHECKS ISSUED IN MARCH 697,014
CHECK CLEARED IN MARCH (666,604) EFT of $ 646.00 excluded.
-----------
OUTSTANDING CHECKS AS OF MARCH 31 (SEE OUTSTANDING CHECKLIST) $ 121,443
===========
NORTHERN CASTINGS CORP
CASE NO. 04-67608
AT 3/31/05
HIBBING - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 121,442.60
Manual Check #76177 booked in April -
----------
121,442.60
Unadjusted GL Balance 121,442.60
----------
Difference $ -
==========
NORTHERN CASTINGS CORP
OUTSTANDING CHECKS
CASE NO. 04-67608
DATE CHECK OUTSTANDING
- --------- ----- -----------
3/16/2005 76363 $ 106.50
3/17/2005 76409 1,305.00
3/18/2005 76412 5,000.00
3/22/2005 76417 330.77
3/23/2005 76435 140.45
3/23/2005 76438 1,638.00
3/23/2005 76446 118.43
3/23/2005 76449 16.00
3/23/2005 76452 2,948.59
3/23/2005 76454 927.19
3/23/2005 76458 13.00
3/23/2005 76459 4,588.40
3/23/2005 76469 200.00
3/28/2005 76475 1,144.00
3/28/2005 76480 973.70
3/30/2005 76481 50.00
3/30/2005 76486 360.93
3/30/2005 76487 6,814.35
3/30/2005 76488 370.34
3/30/2005 76489 1,718.95
3/30/2005 76491 1,017.08
3/30/2005 76492 1,200.00
3/30/2005 76494 10,736.25
3/30/2005 76495 5,430.73
3/30/2005 76496 1,341.00
3/30/2005 76497 964.52
3/30/2005 76498 591.50
3/30/2005 76499 449.42
3/30/2005 76500 957.00
3/30/2005 76501 180.00
3/30/2005 76502 287.00
3/30/2005 76503 156.79
3/30/2005 76504 281.48
3/30/2005 76505 210.00
3/30/2005 76506 673.15
3/30/2005 76507 4,181.67
3/30/2005 76508 519.20
3/30/2005 76509 364.44
3/30/2005 76510 975.00
3/30/2005 76511 541.32
3/30/2005 76512 230.00
3/30/2005 76513 1,156.59
3/30/2005 76514 47.93
3/30/2005 76515 1,610.30
3/30/2005 76516 351.03
3/30/2005 76517 4,593.30
3/30/2005 76518 131.30
3/30/2005 76519 53,000.00
3/31/2005 76520 500.00
$121,442.60
NORTHERN CASTINGS CORPORATION CASE NO. 04-67608
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ----------------------- -------------------
3 RIVERS TRUCKING $ 21,087.06
AERUS 106.50
AETNA 1,447.41
AGFA NDT 205.21
AIR HYDRAULICS SYSTEMS 97.54
AIRGAS 6,768.90
ALTER TRADING 45,000.00
AMERICAN COLLOID 48,310.53
AMERIPRIDE LINEN 2,278.77
APPLIED IND. TECH 793.58
B & R ENGINEERING 3,678.91
BALDWIN SUPPLY 8,375.96
BARR ENG. 11.18
BDI - BEARING SERVICE 1,013.77
BEAR COUNTRY 1,995.00
BECKSTROM, BRUCE 88.16
BEHR IRON 385,000.00
BEHR SPECIALTY 3,160.00
BERGAN, RON 64.00
BOB SCOFIELD TRUCKING 20,764.00
BOOTH, RICHARD 166.60
BRUCE SMITH 2,262.00
CARLSON SYSTEMS 1,651.12
CARPENTER BROTHERS 1,929.00
CARQUEST 382.22
CAST CORPORATION 134,612.00
CHAMPION CHISEL WORKS 1,030.40
CON-WAY 267.66
CRI RECYCLING 805.00
CTS 110.00
CUSTOM LETTERING 254.00
DIKE-O-SEAL, INC 983.27
DISA 1,629.90
DISA 472,412.00
DULUTH CLINIC 540.00
DULUTH CLINIC FITNESS 806.25
ELKEM 70,638.71
ELVIN SAFETY SUPPLY 299.93
EMSCO, INC 27,248.15
ENTERPRISE 766.34
ERICKSON LUMBER & FUEL 350.26
FARGO WEAR INC 432.05
FASTENAL 1,153.78
FERRELLGAS 2,455.82
FULL CIRCLE IMAGE 83.26
G E CAPITAL 2,034.16
GEORGE BOUGALIS 2,400.00
GIL-MAR MANUFACTURING 40,706.25
GMP LOCAL 21 B 1,305.00
GREAT WESTERN RECYCLING 10,898.20
H R DIRECT 140.45
HERAEUS ELECTRO-NITE 2,477.85
HI TEMP INCORPORATED 2,032.33
NORTHERN CASTINGS CORPORATION CASE NO. 04-67608
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ----------------------- -------------------
HIBBING CHAMBER OF COMMERCE 286.00
HIBBING COMMUNITY COLLEGE 1,050.00
HONSA ERGONOMIC TECHNOLOGIES 87.00
HYTEST SAFETY FOOTWEAR 206.88
I.R.B. INC 2,457.00
INDUCTOTHERM 11,745.15
IRS 50.00
IRS 50.00
J. N. JOHNSON 591.50
JASPER ENG. & EQUIPMENT 342.47
JOHNSON FLORAL 100.69
L & L RENTAL 449.42
L & S ELECTRIC 366.00
LANDAUER 653.80
LARPEN METALLURGICAL 1,914.00
LEADING EDGE 2,500.00
LECO 312.00
LEKATZ, MIKE 189.10
LERCH BROTHERS 180.00
LIFT PRO 1,099.04
LINA 8.00
M. LEE SMITH PUBLISHERS LLC 287.00
MCMASTER-CARR 4,085.64
MESABI OFFICE EQUIPMENT 534.95
METOKOTE CORP 4,410.76
MIDTOWN MACHINE 276.63
MIDWEST COMPUTER 834.83
MIELKE ELECTRIC WORKS 219.70
MILLER & CO 60,030.56
MINNESOTA BEARING 898.38
MINNESOTA INDUSTRIES 7,137.20
MINNESOTA POWER 116,684.40
MINNESOTA SAFETY COUNCIL 285.00
MINNESOTA SUPPLY CO 9,538.00
MINN-TECH ELECTRONICS 4,532.20
MN CHIILD SUPPORT 2,726.76
MN CHIILD SUPPORT 2,569.18
MN CHIILD SUPPORT 1,144.00
MN DEPT OF REV. 224.47
MN DEPT OF REV. 177.88
MN DEPT OF REV. 67.75
MN DEPT OF REV. 51.74
MODERN PLATING 408.32
MORRIS MATERIAL HANDLING 102.48
NEW CASTLE E-COATING PLUS LLC 519.20
NFPA 118.43
NORTH STAR IMAGING 1,119.51
NORTHERN TECHNOLOGIES 364.44
NUBBLE TECHNOLOGY 5,497.00
NORTHERN CASTINGS CORPORATION CASE NO. 04-67608
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ----------------------- -------------------
OCCUPATION AL DEV. CENTER 7,060.30
OFFICE NORTH 1,436.68
OIL-TEC LABORATORIES 16.00
OVERHEAD DOOR CO 66.10
P & H MINE PRO SERVICES 560.00
PAYROLL DISBURSED (INCLUDES AMOUNTS PAID BY CORPORATE) 312,431.40
PHILLIPS HEATING/COOLING INC 302.00
PRECISION REPAIR & CALIBRATION 330.77
PROFORMA 668.04
PROGRESSIVE BUS. PUBLICATIONS 230.00
PROVIDENT LIFE 359.12
PROVIDENT LIFE 67.29
PTS, INC. 602.52
PUBLIC UTILITIES 51,409.94
QUICK, ALAN 84.60
QUICK, ALAN 80.28
R.E. NICHOLSON VENTURES 400.00
RADKO IRON & SUPPLY 3,476.45
RANGE AUTO GLASS 44.41
RANGE BUILDING MAINTENANCE 1,166.18
RANGE STEEL FABRICATORS 6,321.85
RANGE WATER CONDITIONING 47.93
RCB COLLECTIONS 192.36
RESERVE ACCOUNT 500.00
RRHS UMCM MESABA CLINIC 200.00
SACCO PAINT SUPPLY 927.19
SAFETY-KLEEN 255.60
SECRETARY OF STATE 30.00
SECURITAS SEC SERV 4,830.90
SIM SUPPLY 3,058.34
ST. LOUIS CTY 10,000.00
ST. LOUIS CTY 4,000.00
STANCO PRODUCTS CO 897.63
SULLIVAN CANDY & SUPPLY 1,265.18
SUNNY HILL DIST 13.00
TDS METROCOM 580.98
TIRTEC 4,651.00
TODD SCHMELZER 180.96
TOWN AND COUNTRY ELECTRIC 9,716.40
TRIMARK INDUSTRIAL 308.24
TRITEC OF MN INC 16,865.00
TTS 185.34
UNIMIN 9,100.00
VERIZON 74.53
VICKERS 7,680.56
VISTA EYES 131.30
W A HAMMOND DRIERITE 243.09
WALLEY'S DRAIN CLEANING 110.00
WEIGH-RITE SCALE CO 18.83
WHEELABRATOR 4,427.57
-------------
$2,052,600.76
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MARCH 31, 2005
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: APRIL 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 MARCH 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67613
) Chapter 11
SUDBURY, INC. ) Judge: Marci B. McIvor
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: APRIL 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 3-31-05
($000's)
CASE # 04-67613
SUDBURY
INC.
------------------------
Current Total Since
Month 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 - 177
Other Allocated Fixed Costs - -
Other Fixed Costs - (1)
---- --------
Cost of Goods Sold - 176
Gross Profit - (176)
Plant SG&A Expense - -
SG&A Expense - Allocation (Sched 1) - -
Other Operating Expenses - 62,559
---- --------
Total Operating Expenses - 62,559
Operating Profit - (62,735)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) - (13)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) - -
---- --------
Total Non-Operating Expenses - (13)
Income Before Income Taxes - (62,748)
Income Tax Expense - -
---- --------
Net Income $ 0 ($ 62,748)
==== ========
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs March
(Allocation of Corporate Costs to Filing Entities)
(000's)
March
------
Officer Compensation $ 189
Salary Expense other Employees 919
Employee Benefits and Pension 105
Payroll Taxes 60
Other Taxes 0
Rent and Lease Expense 216
Interest Expense
Insurance 62
Automobile and Truck Expense 11
Utilities(Gas Electric,Phone) 68
Depreciation 87
Travel and Entertainment 80
Repairs and Maintenance 51
Advertising/Promotion 0
Supplies, Office Expense 32
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 15
Public Reporting Fees 16
Employee Relocation/Training 2
Data Processing 29
Dues and Subscriptions 36
Outside Services 172
Project Development Costs net of Billings 73
Director Fees 25
Miscellaneous 4
Legal Fees 1
Cost Allocation - Europe (78)
Cost Allocation - Out (273)
------
$2,250
======
Allocation:
Wagner Castings 191
Northern Castings 51
Ironton Iron 0
Lynchburg Foundry 193
Columbus Foundry 313
Wagner Havana 0
Intermet U.S. Holdings 261
Cast-Matic Corp. 82
Diversified Diemakers 257
Ganton Technologies 168
Tool Products 137
Corporate 597
------
Total $2,250
======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 03-31-05
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 (2,077)
Machinery & Equipment (23,412)
Construction In Progress 0
--------
Total Fixed Assets (25,489)
Accumulated Depreciation 25,489
--------
NET FIXED ASSETS 0
Investment In Subsidiaries 0
Investment In European Operations 0
Long-Term Intercompany Receivables 12,860
Deferred Taxes, Long-Term Asset 0
Other Assets 76
--------
TOTAL ASSETS $ 12,943
========
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 0
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes (2,031)
Accrued Tax - State 0
Accrued Property Taxes 47
Accrued Workers Comp. 0
Accrued Payroll 0
Accrued Payroll Taxes 0
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES (1,984)
UNSECURED LIABILITIES
Accounts Payable 2
Senior & IDR Bonds 0
--------
TOTAL UNSECURED LIABILITIES 2
OTHER LIABILITIES
Accrued Liabilities 1
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 (62,748)
Equity In European Operations 0
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
--------
TOTAL SHAREHOLDER EQUITY (49,388)
--------
TOTAL LIABILITIES AND EQUITY $ 12,943
========
PERIOD ENDED: 03-31-05 SUDBURY INC. CASE #04-67613
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
2/28/2005 Withheld Deposits 3/31/2005
--------- --------- ---------- ---------
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
CASH ACTIVITY ANALYSIS:
MONTH ENDED 3/31/2005
MONTHLY CASH STATEMENT
CASE # 04-67613
SUDBURY, INC.
-----------------------------------
ACCOUNT TYPE INVESTMENT INVESTMENT
ACCOUNT # 413046662076 413046663076
BANK Morgan Stanley Morgan Stanley
BEGINNING BANK BALANCE 554 296,150
RECEIPTS 1 585
TRANSFERS IN (CORPORATE) - -
DIP INFLOW - -
DISBURSEMENTS - (8,067)
TRANSFERS OUT (CORPORATE) - -
DIP REPAYMENT - -
--- -------
ENDING BANK BALANCE 555 288,667
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MARCH 31, 2005
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: APRIL 20, 2005
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
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 MARCH 31, 2005:
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: APRIL 20, 2005 /s/ Robert E. Belts
---------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- --------------
Title Phone
MONTHLY CASH STATEMENT
Period Ending: MARCH 31, 2005
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
(C-D) IN THE CONSOLIDATED COLUMBUS FOUNDRY
OPERATING REPORT (CASE #04-67609).
(PLEASE ATTACH COPIES OF MOST RECENT RECONCILED BANK STATEMENTS FROM EACH
ACCOUNT)
General Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Payroll Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Tax Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Other monies on hand (specify type and location) i.e., CD's, bonds, etc.:
________________________________________________________________________
________________________________________________________________________
Date: APRIL 20, 2005 _______________________
Debtor in Possession
Form 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MARCH 31, 2005
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: APRIL 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 MARCH 31, 2005:
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: APRIL 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 3-31-05
($000's)
CASE # 04-67610
TOOL
PRODUCTS, INC.
------------------------------------
Current Month Total Since Filing
------------- -------------------
Net Sales $ 5,235 $ 28,825
Cost of Goods Sold
Materials and Freight 821 4,730
Wages - Hourly 1,328 6,740
Wages-Salary 280 1,571
Employee Benefits and Pension 561 2,996
Repairs & Maintenance 154 635
Supplies 240 1,229
Utilities 242 1,380
Purchased Components/Services 1,005 5,799
Income(loss) from Pattern Sales (2) 3
Fixed Asset - (gain/loss) 2 2
MIS Expense 18 116
Travel & Entertainment 20 70
Other Variable Costs 210 584
Depreciation & Amortization 229 1,236
Other Allocated Fixed Costs - (1)
Other Fixed Costs 91 379
----------- -----------
Cost of Goods Sold 5,199 27,469
Gross Profit 36 1,356
Plant SG&A Expense 65 383
SG&A Expense - Allocation (Sched 1) 137 792
Other Operating Expenses 200 567
----------- -----------
Total Operating Expenses 402 1,742
Operating Profit (366) (386)
Outside Interest Income - -
Outside Interest (Expense) (3) (44)
Intercompany Interest Income - -
Intercompany Interest (Expense) (104) (436)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) - -
----------- -----------
Total Non-Operating Expenses (107) (480)
Income Before Income Taxes (473) (866)
Income Tax Expense 58 183
----------- -----------
Net Income ($ 531) ($ 1,049)
=========== ===========
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs March
(Allocation of Corporate Costs to Filing Entities)
(000's)
March
-------
Officer Compensation $ 189
Salary Expense other Employees 919
Employee Benefits and Pension 105
Payroll Taxes 60
Other Taxes 0
Rent and Lease Expense 216
Interest Expense
Insurance 62
Automobile and Truck Expense 11
Utilities(Gas Electric,Phone) 68
Depreciation 87
Travel and Entertainment 80
Repairs and Maintenance 51
Advertising/Promotion 0
Supplies, Office Expense 32
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 15
Public Reporting Fees 16
Employee Relocation/Training 2
Data Processing 29
Dues and Subscriptions 36
Outside Services 172
Project Development Costs net of Billings 73
Director Fees 25
Miscellaneous 4
Legal Fees 1
Cost Allocation - Europe (78)
Cost Allocation - Out (273)
-------
$ 2,250
=======
Allocation:
Wagner Castings 191
Northern Castings 51
Ironton Iron 0
Lynchburg Foundry 193
Columbus Foundry 313
Wagner Havana 0
Intermet U.S. Holdings 261
Cast-Matic Corp. 82
Diversified Diemakers 257
Ganton Technologies 168
Tool Products 137
Corporate 597
-------
Total $ 2,250
=======
Intermet Corp. and Subsidiaries
Balance Sheet as of 03-31-05
CASE # 04-67610
---------------
TOOL
PRODUCTS, INC.
---------------
Cash And Equivalents $ 152
Accounts Receivable 6,830
Short-Term Intercompany Receivables 879
Inventories 4,967
Other Current Assets 446
----------
Total Current Assets 13,274
Land and Buildings 10,872
Machinery & Equipment 24,072
Construction In Progress 768
----------
Total Fixed Assets 35,712
Accumulated Depreciation (13,453)
----------
Net Fixed Assets 22,259
Investment In Subsidiaries 0
Investment In European Operations 0
Long-Term Intercompany Receivables 9,406
Deferred Taxes, Long-Term Asset 0
Other Assets 0
----------
Total Assets $ 44,939
==========
Liabilities and Shareholder Equity
Post Petition Liabilities
Accounts Payable $ 1,160
Wages and Salaries (See schedule) 292
Taxes Payable - (See schedule) 459
----------
Total Post Petition Liabilities 1,911
Secured Liabilities:
Secured Bank Debt 0
Pre-Petition Liabilities:
Taxes and Other Priority Liabilities:
Accrued Income Taxes 0
Accrued Tax - State 0
Accrued Property Taxes 0
Accrued Workers Comp 376
Accrued Payroll 63
Accrued Payroll Taxes 0
----------
Total Taxes And Other Priority Liabilities 439
Unsecured Liabilities
Accounts Payable 6,613
Senior & IDR Bonds 0
----------
Total Unsecured Liabilities 6,613
Other Liabilities
Accrued Liabilities 2,581
Short-Term Intercompany Payables 543
Capital Leases 364
Retirement Benefits 235
Deferred Taxes - Long-Term Liability 0
Other Long-Term Liabilities 0
Long-Term Intercompany Payables 1,901
Minority Interest 0
----------
Total Liabilities 14,587
Common Stock 0
Capital In Excess Of Par Value 19,200
Retained Earnings - Prepetition 12,201
Retained Earnings - Post Petition (1,049)
Equity In European Operations
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
----------
Total Shareholder Equity 30,352
----------
Total Liabilities And Equity $ 44,939
==========
PERIOD ENDED: 03-31-05 TOOL PRODUCTS, INC. (JACKSON) CASE #04-67610
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
2/28/2005 Withheld Deposits 3/31/2005
------------ ------------ ----------- ----------
Income tax withheld: Federal ($ 9,588) ($ 50,050) $ 59,638 $ 0
Income tax withheld: State 0 0 0 0
Income tax withheld: Local 0 0 0 0
FICA Withheld (6,807) (34,837) 41,644 0
Employers FICA (6,807) (34,837) 41,644 0
Unemployment Tax: Federal (8,681) (754) 0 (9,436)
Unemployment Tax: State (26,014) (6,386) 0 (32,401)
All Other Payroll W/H (264) (11,701) 11,701 (264)
State Taxes: Inc./Sales/Use/Excise (1,338) (669) 0 (2,007)
Property Taxes (15,000) (9,000) 0 (24,000)
Workers Compensation (33,471) (6,151) 6,354 (33,269)
----------- ----------- ----------- -----------
Total ($ 107,972) ($ 154,386) $ 160,982 ($ 101,376)
Wages and Salaries (68,473) (86,019) 15,676 (138,816)
----------- ----------- ----------- -----------
Grand Total ($ 176,445) ($ 240,405) $ 176,658 ($ 240,192)
=========== =========== =========== ===========
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 $ 280,076 $ 280,076 $ 0 $ 0
Accounts Receivable $ 2,561,835 $ 2,225,429 $ 133,160 $ 203,246
PERIOD ENDED: 03-31-05 TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE #04-67610
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
2-28-05 Withheld Deposits 03-31-05
----------- ----------- ----------- -----------
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 ($ 114,000) ($ 57,000) $ 0 ($ 171,000)
Property Taxes ($ 53,651) $ 0 ($ 42,485) ($ 11,166)
Workers Compensation ($ 99,493) ($ 93,800) $ 17,492 ($ 175,801)
---------- ---------- ---------- ----------
Total ($ 267,144) ($ 150,800) ($ 24,993) ($ 357,968)
Wages and Salaries ($ 66,785) ($ 86,267) $ 0 ($ 153,052)
---------- ---------- ---------- ----------
Grand Total ($ 333,929) ($ 237,067) ($ 24,993) ($ 511,020)
========== ========== ========== ==========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petition) Total 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $ 880,433 $ 880,433 $ 0 $ 0
Accounts Receivable $ 5,027,273 $ 3,306,623 $ 905,072 $ 815,578
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 3/31/2005
MONTHLY CASH STATEMENT
CASE # 04-67610
TOOL PRODUCTS, INC (JACKSON)
----------------------------------------------------------------------------------------------------
Account Type Lockbox Lockbox 672984 Lockbox 77881 AP AP PR PR
Account # 5402699408 1851811321 363168104 2770721757 2176982870 2770721765 2176983068
BANK Stan Fed Comerica Bank One - Inactive Stan Fed Comerica Stan Fed Comerica
---------- -------------- ------------------- ---------- ---------- ---------- ----------
BEGINNING BANK BALANCE - - - - -
RECEIPTS 146,565 970,210 1,654 - 1 - -
TRANSFERS IN (CORPORATE) - - - 406,104 585,888 - 170,267
DIP INFLOW - - - - - - -
DISBURSEMENTS - - - (406,104) (585,889) - (170,267)
TRANSFERS OUT (CORPORATE) (146,565) (970,210) (1,654) - - - -
DIP REPAYMENT - - - - - - -
-------- -------- ------ -------- -------- ------- --------
ENDING BANK BALANCE - - - - - - -
Disbursements Paid for by Corporate 1,027,487
Checks Issued 965,262
Payroll Disbursed (includes payroll paid by Corporate) 603,370
-----------
Total Disbursements (See Total Disbursements Reconciliation) $ 2,596,120
-----------
Outstanding Checks As of February 28 250,307
Voided Checks Outstanding as of February 28 -
Checks Issued in March 965,263
Check Cleared in March (991,992)Includes checks clearing from Comerica above.
-----------
OUTSTANDING CHECKS AS OF MARCH 31 (SEE OUTSTANDING CHECKLIST) $ 223,577
===========
TOOL PRODUCTS, INC. (JACKSON) CASE NO. 04-67610
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------- -------------------
AAA PLUMBING & ELECTRICAL $ 618.86
ADVANCED METAL PRODUCTS 181.15
AH ASSOCIATES 3,200.00
AIM POWER AND FLUIDS 471.80
AIR DRAULICS ENGINEERING CO 2,832.56
AIRGAS SOUTH 5,091.87
ALCHEM ALUMINUM, INC. (IMCO) 497,376.00
ALUAR 430,782.50
AMCOR 270.00
ARMOR ENVIRONMENTAL SER INC 2,442.00
AVAYA 466.24
A-Z OFFICE RESOURCES, INC. 1,500.49
B & B FIRE PROTECTION 315.38
B & B TOOL AND DIE COMPANY INC 59,635.65
BANCORP SOUTH 700.00
BELLSOUTH 2,360.94
BERTELKAMP AUTOMATION, INC. 1,174.22
BLUFF CITY ELECTRONICS 150.24
BROWN & SHARPE MSD 22,250.00
BUHLER INC 14,505.22
CANON FINANCIAL SERVICES, INC. 1,017.38
CHAMBER OF COMMERCE CO 970.00
CHAPTER 13 TRUSTEE 5,991.44
CHEM TREND INCORPORATED 36,394.33
CHRIS JOYNER 548.39
CITY OF JACKSON 765.79
COLE PALLET COMPANY LLC 8,070.00
COMPRESSORS & TOOLS, INC. 1,864.19
CONTRA COSTA 475.00
CROSS MACHINE TOOL CO INC 4,230.00
CRUCIBLE SERVICE CENTERS 61.29
CUSTOM MOLD 777.00
D & C SALES 2,550.00
D M E CORP 2,671.56
DANKA INDUSTRIES INC. 579.93
DANLY IEM 302.40
DAVID HOFFMAN 80.00
DIECO TOOL & DIE 10,500.00
DIEMER ASSOCIATES INC 595.64
DIMETEK INTERNATIONAL INC 595.70
EAGLE WAREHOUSE & DIST. 1,375.00
EMPIRE REFRACTORY SPECIALISTS 2,500.00
ENCO MANUFACTURING CO 602.95
ENGINEERED PRODUCTS DIVIS 5,235.92
ERGONOMIC ACCESSORIES 131.50
FERRELL GAS 1,046.94
FLOZONE SERVICES INC 874.50
FLUID POWER OF MEMPHIS 253.84
FORBERG SCIENTIFIC 122.27
FRANKLIN ELECTROFLUID CO 618.28
FREEMAN MFG & SUPPLY 231.73
FUGITT RUBBER AND SUPPLY CO 5,339.55
TOOL PRODUCTS, INC. (JACKSON) CASE NO. 04-67610
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ---------------------------------------------------- -------------------
G & H INDUSTRIES 3,767.29
GARY BUFFORD 334.33
GEIT LLC 1,959.66
GENERAL SESSIONS COURT 249.79
GESSWEIN 155.12
GOLDEN KEY REALTORS 650.00
GOODRICH TOOL & SUPPLY 41.00
GORDON PETERS 3,267.61
GRAVES METAL PRODUCTS, INC. 1,052.67
GRIFFIN TOOL 25,333.34
GUARDIAN SYSTEMS INC 1,000.00
H C I SUPPLY INC. 14,046.53
HESS ENVIROMENTAL SERVICES,INC 1,918.76
HI TEMP PRODUCTS INC 3,544.50
HILDRETH 2,814.00
HI-TECH SALES & SERVICE, INC. 1,455.00
I SQUARED R ELEMENT CO., INC. 579.00
INFRAPAK 243.00
JACKSON COMMUNICATIONS 49.39
JACKSON ENERGY AUTHORITY 102,607.91
JACKSON PAYROLL ISSUED (INCLUDES CORP DISBURSEMENTS) 603,370.22
JESS W JACKSON & ASSOC 728.15
JIMMY JACKSON SERVICES 2,900.00
JIT FORMS 1,260.79
JONES, GRADY W.-CO. OF MEMPHIS 1,847.58
KENT RUDBECK 720.00
KOBOLD INSTRUMENTS 1,602.85
KTR CORP 313.20
L&H SUPPLY CO INC 6,299.54
LAEMPE & REICH 31,161.62
LIFT TRUCK SERVICE & RENTALS 3,233.80
LOWE'S COMPANIES 548.53
MACHINE TOOL & SUPPLY (JKSN) 3,016.36
MACK PEST CONTROL 140.00
MADISON COUNTY CLERK 275.55
MADISON FINISHING INC 68,011.06
MARTIN INDUSTRIAL 6,178.22
MCMASTER CARR SUPPLY CO 4,796.55
MEDICAL CENTER LABORATORY 36.68
MERCER 284.00
METALLURG ALUMINUM 2,530.00
MIRSA CORPORTION 17,015.30
MOTION INDUSTRIES INC 98.24
MTRONICS.COM INCORPORATED 184,043.50
MWP INDUSTRIAL SERVICE 3,810.00
NATIONAL ELEMENT 8,576.28
NES RENTALS 909.96
NORTHSIDE MEDICAL CLINC 234.00
OFFICE DEPOT 987.57
PARAMOUNT UNIFORM RENTAL 2,411.37
PAT WALKER PETTY CASH 679.85
PAULO PRODUCTS CO. 414.13
PENNSYLVANIA STATE CHILD SUPPORT 669.25
TOOL PRODUCTS, INC. (JACKSON) CASE NO. 04-67610
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ----------------------------- -------------------
PERSONNEL CONCEPTS 88.85
PITNEY BOWES CREDIT CORP 300.00
PORTER WARNER INDUSTRIES 738.75
POWER EQUIPMENT COMPANY 568.00
PRECISION MACH PRODUCTS 81,569.97
PRINCE MACHINE 3,031.87
PROVIDENT LIFE 77.92
PYROTEK, INC. 22,487.85
QUEST DIAGNOSTICS 23.79
RAMON AYALA DELGADO 3,074.55
REICHMAN CROSBY HAYS CO (RCH) 47.27
RIMROCK CORP 58,493.03
SCOTT CHIROPRACTIC CLINIC 333.50
SEC OF STATE TN 20.00
SHERRY CHURCH 97.70
SIDNEY DAVID FLORIST & GIFT 108.60
SPAN AMERICA INC 7,682.13
SPECTRO ALLOYS CORP 36,320.54
SPECTRUM FINISHING 13,643.98
SPRINT 712.82
STATE OF TENNESSEE 636.90
STRIKO DYNARAD CORPORATION 434.70
SUPERIOR FIRE PROTECTION 225.00
SYSTEMS UNLIMITED 268.50
TENN INDUSTRIAL SERVICES 232.69
TENNESSEE CHILD SUPPORT 6,988.88
THE ROYAL GROUP 14,330.80
THOMAS MCKEOWN 1,789.67
TRANSMAN 59,406.22
TSCPA 750.00
ULTRASONIC SERVICES PLUS 501.32
UNITED SAW AND SUPPLY CO 182.00
VERIZON WIRELESS 1,379.48
WEST TENNESSEE COFFEE SERVICE 1,103.72
WEST TN ORTHO & SPORTS MED 65.00
WILSON TOOL AND DIE, INC. 8,475.00
ZYP COATINGS INC. 2,058.00
--------------
$ 2,596,119.69
TOOL PRODUCTS, INC.
CASE NO. 04-67610
AT 3/31/05
JACKSON - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 223,577.15
Misc Reconciling Items
Adjusted in April (10.00)
-----------
223,567.15
Unadjusted GL Balance 223,567.15
-----------
Difference $ -
===========
JACKSON
OUTSTANDING CHECKS
CASE NO. 04-67610
DATE CHECK OUTSTANDING
3/10/2005 20983 $ 75.80
3/17/2005 22354 49.38
3/17/2005 22369 2,900.00
3/17/2005 22378 1,279.37
3/24/2005 22416 48.32
3/24/2005 22418 95.00
3/24/2005 22424 131.50
3/24/2005 22437 49.39
3/24/2005 22440 720.00
3/24/2005 22444 702.86
3/24/2005 22451 38,239.20
3/24/2005 22455 300.00
3/24/2005 22464 764.63
3/24/2005 22467 7,682.13
3/24/2005 22469 5,200.96
3/24/2005 22474 668.99
3/24/2005 22476 1,485.00
3/24/2005 22478 414.13
3/29/2005 22486 1,455.00
3/31/2005 22487 618.86
3/31/2005 22488 578.73
3/31/2005 22489 2,276.61
3/31/2005 22490 270.00
3/31/2005 22491 3,025.65
3/31/2005 22492 1,146.14
3/31/2005 22495 12,464.25
3/31/2005 22496 983.48
3/31/2005 22497 95.00
3/31/2005 22499 175.44
3/31/2005 22500 3,500.00
3/31/2005 22501 595.70
3/31/2005 22502 602.95
3/31/2005 22503 112.35
3/31/2005 22505 801.00
3/31/2005 22506 2,972.99
3/31/2005 22507 69.46
3/31/2005 22508 890.77
3/31/2005 22510 2,988.78
3/31/2005 22511 2,814.00
3/31/2005 22512 80.00
3/31/2005 22515 719.29
3/31/2005 22516 692.46
3/31/2005 22517 11,897.91
3/31/2005 22518 91.85
3/31/2005 22520 819.39
3/31/2005 22521 382.52
3/31/2005 22522 11,202.75
3/31/2005 22523 98.24
3/31/2005 22524 25,041.60
3/31/2005 22525 294.68
3/31/2005 22526 446.56
3/31/2005 22527 133.85
3/31/2005 22528 529.95
3/31/2005 22534 11,096.55
3/31/2005 22535 54,400.08
3/31/2005 22536 2,937.48
3/31/2005 22537 323.69
3/31/2005 22538 636.90
3/31/2005 22539 85.34
3/31/2005 22540 268.50
3/31/2005 22541 1,405.28
3/31/2005 22542 106.20
3/31/2005 22543 642.26
$ 223,577.15
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 3/31/2005
MONTHLY CASH STATEMENT
CASE # 04-67610
TOOL PRODUCTS - MINNEAPOLIS
-------------------------------------------------------------------------------------------
ACCOUNT TYPE LOCKBOX LOCKBOX 672990 DEPOSIT AP AP PR PR
ACCOUNT # 5402699416 1851811339 104756210449 2770721773 2176982920 2770721781 2176983076
BANK Stan Fed Comerica US Bank Stan Fed Comerica Stan Fed Comerica
----------- -------------- ------------ ---------- ------------ ---------- ----------
BEGINNING BANK BALANCE - - 10,872 - - - -
RECEIPTS 2,499,660 1,204,017 156,948 - - - -
TRANSFERS IN (CORPORATE) - - - - 1,431,658 - 110,801
DIP INFLOW - - - - - - -
DISBURSEMENTS (1,772) - (439) - (1,431,658) - (110,801)
TRANSFERS OUT (CORPORATE) (2,497,889) (1,204,017) (167,381) - - - -
DIP REPAYMENT - - - - - - -
---------- ---------- -------- --------- ---------- ---------- --------
ENDING BANK BALANCE - - (0) - - - -
DISBURSEMENTS PAID FOR BY CORPORATE 1,095,590
CHECKS ISSUED 1,394,871
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 1,284,288
----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $3,774,748
==========
OUTSTANDING CHECKS AS OF FEBRUARY 28 378,744
VOIDED CHECKS OUTSTANDING AS OF FEBRUARY 28 (6,123)
CHECKS ISSUED IN MARCH 1,394,871
CHECK CLEARED IN MARCH (1,431,658)
----------
OUTSTANDING CHECKS AS OF MARCH 31 (SEE OUTSTANDING CHECKLIST) $ 335,834
==========
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- --------------------- -------------------
A & C METALS 2,874.43
A FINKL & SONS 3,750.10
A&C METALS 1,743.34
A&C METALS 896.61
A&C METALS 148.79
ABRASIVE SPEC 431.04
ACCUMARK 193.44
ACTIVAR INDUSTRIAL 181.00
ACTIVAR INDUSTRIES 181.00
ADVANTAGE ENG 762.60
ADVANTAGE ENG 206.70
ADVANTAGE ENG. 1,317.20
AIR HYDRAULIC SYSTEMS 208.75
AIR POWER EQUIP 187.09
AIR POWER EQUIPMENT 650.17
AIRTEC 750.41
AIRTEC 122.70
AIRTEC 67.56
ALERT FIRE & SAFETY 121.33
ARROW CRYOGENICS 9,506.36
ARROW CRYOGENICS 7,234.58
ARROW CRYOGENICS 7,100.24
ARROW CRYOGENICS 4,972.62
ARROW CRYOGENICS 166.50
ASSOCIATED BAG 144.26
ASSOCIATED BAG 115.88
AT&T 207.63
AUTOMATION SEN. 346.60
AVTEC FINISHING 468.28
BANN FORMS 465.67
BANN FORMS 406.30
BARNES DISTR. 58.74
BATTERIES PLUS 223.63
BENNETT BROTHERS 3,580.00
BERNE SCALE 89.89
BEST SOFTWARE 437.67
BFI 724.20
BILL THONI 366.74
BILL THONI 23.33
BOHLER UDDEHOLM 27,787.16
BOHLER UDDEHOLM 580.00
BOYER FORD 540.96
BOYER FORD 265.54
BROADWAY RENTAL 213.00
BUHLER 5,111.06
BUHLER 4,660.44
BUHLER 11,460.68
BUHLER 731.00
BUHLER INC. 6,300.00
CADD/ENGINEER 91.59
CADD/ENGINEER 58.58
CARBON PROD 941.00
CAREFREE SERVICES 2,450.21
CAROLYN HARMS 177.05
CAROLYN HARMS 77.45
CENTERPOINT ENER 65,580.93
CENTRAL CONTAIN 12,554.60
CENTRAL CONTAINER 10,853.64
CENTRAL CONTAINER 10,484.06
CENTRAL CONTAINER 9,992.28
CENTRAL CONTAINER 7,757.13
CERTIFIED POWER 3,846.00
CERTIFIED POWER 1,062.08
CERTIFIED POWER 253.37
CHECKER MACHINE 1,052.00
CHEM TREND 12,099.18
CHEM TREND 9,555.70
CHEM TREND 6,013.75
CHEM TREND 5,678.20
CHEM TREND 4,777.85
CHET'S SAFETY SALES 224.00
CINCINNATI TEST 361.32
CINDY MANCUSO 698.55
CINDY MANCUSO 263.93
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------ -------------------
CINDY MANCUSO 63.17
CITY OF NEW HOPE 5,496.21
CITY WIDE GARAGE 207.87
CMW 4,411.08
CMW 444.58
COLLIN MILLER 93.75
COLLIN MILLER 38.25
CONCEPT MACHINE 358.02
CONCEPT MACHINE 94.97
CON-WAY CENTRAL EXPRESS 199.58
CORY MILLER 253.18
CROWLEY & ASSOCIATES 8,849.37
CRUCIBLE SERVICE CENTERS 111.90
CRYSTAL DIE 11,910.00
CULLIGAN METRO 263.62
DADANT 179.56
DAKE 207.27
DAVE ALEXANDER 73.03
DECO TOOL 1,936.29
DECO TOOL 1,315.84
DECO TOOL 1,104.53
DECO TOOL 118.07
DECO TOOL 59.02
DEEP ROCK 140.58
DELL MARKETING 1,057.55
DELMAR INT'L 100.00
DEPT OF SOC SERV 37.61
DEPT OF SOC SERV 37.61
DEPT OF SOC SERV 37.61
DEPT OF SOC SERV 37.61
DEPT OF SOCIAL SERVICE 37.61
DIEMER ASSOCIATES 17,927.38
DOALL TWIN CITIES 127.33
DOODY MECHAN. 978.86
DOODY MECHANICAL 553.67
DUNCAN 67.87
DUNCAN 206.19
DUNCAN CO. 189.04
DWAYNE VOSS 169.26
DWAYNE VOSS 105.53
DWAYNE VOSS 88.89
DWAYNE VOSS 78.90
DYNAMEX 265.90
DYNAMEX 265.90
DYNAMEX 133.60
DYNAMEX 133.60
EDM SALES 5,302.80
EDM SALES 1,876.23
EDM SALES 690.00
EDP ENGINEER 12,188.76
EDP ENGINEER 4,475.53
EDP ENGINEER 3,697.81
EDP ENGINEER 1,982.64
EDP ENGINEER 1,469.33
EDP ENGINEER 1,084.00
EDP ENGINEER 868.48
EDP ENGINEERING 19,093.45
EDP ENGINEERING 13,426.77
EDP ENGINEERING GROUP 6,256.01
EDP ENGINEERING GROUP 3,904.88
EDP ENGINEERING GROUP 2,759.86
EDP ENGINEERING GROUP 2,159.42
EMPLOYERS ASSOC. 1,607.58
ENERGY MANAGEMENT 826.20
ENGINEERED PRODUCTS 25,176.87
ENGINEERING FIN 3,490.89
ENTEGEE 12,686.83
ENTEGEE 3,422.75
ENTEGEE 2,827.83
ENTEGEE 1,900.80
ENTEGEE 1,740.00
EXCEL 704.31
FAM SUP PAY CENTER 50.54
FAM SUP PAY CTR 50.54
FAM SUP PAY CTR 50.54
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------- -------------------
FAM SUP PAY CTR 50.54
FAM SUPPORT PAYMENT 50.54
FASTENAL 1,559.01
FASTENAL 1,201.44
FASTENAL 968.39
FASTENAL 958.13
FASTENAL 57.51
FED EX 557.93
FEDERAL CRANE & HOIST 1,895.61
FEDEX 5.27
FERRELLGAS 1,112.92
FERRELLGAS 271.53
FERRELLGAS 102.19
FIFTH THIRD LEAS 15,054.36
FIFTH THIRD LEASE 15,054.36
FIREBRICK ENG 162.00
FIREBRICK ENGINEERING 162.00
FLAME METALS 75.00
FLAME METALS 75.00
FOUR SEASONS 142.71
FRISBY 7,183.00
FRISBY 3,063.84
FRISBY 1,645.56
GE CAPITAL 1,545.93
GENERAL ELECTRIC CAPITAL 30,275.91
GENERAL ELECTRIC CAPITAL 1,061.28
GERARD DUNNE 433.17
GERARD DUNNE 56.61
GLOBAL DOSIMETRY 367.08
GLOBAL EXCHANGE 117.45
GRAINGER 722.60
GRAINGER 447.11
GRAINGER 217.62
GRAINGER 99.82
GRAINGER 70.58
GREEN LIGHTS 1,295.98
HADLEY MACH TOOL 2,049.01
HALES MACHINE 2,679.01
HALES MACHINE 2,531.65
HARD CHROME 1,300.00
HARD CHROME 425.00
HARRY BURKHALLEC 1,800.00
HAWKINS CHEMICAL 136.16
HENNEPIN COUNTY 53,844.32
HENNEPIN COUNTY TREASURER 63,635.16
HIGH CALIBER 641.25
HILDRETH 2,691.25
HOLIDAY CREDIT 1,612.95
HOSE CONVEYOR 2,036.73
HOSE CONVEYOR 201.90
HOSE/CONVEYOR 205.36
IBM LIM SPEC 9.00
IKON FINANCIAL 2,875.49
IKON FINANCIAL 2,875.49
IKON FINANCIAL 283.45
IKON FINANCIAL 283.45
IKON OFFICE SOLUT 97.36
INDUSTRIAL FLOOR 93.19
INDUSTRIAL HYD 3,343.67
INDUSTRIAL HYD 1,620.54
INDUSTRIAL HYD 729.95
INDUSTRIAL HYDRAULIC 1,815.02
INDUSTRIAL SUPPLY 234.17
INLAND 8,003.64
INT SURFACE 169.46
INT SURFACE 62.50
INTEGRA 1,537.81
INTEGRA TELECOM 1,651.44
INTERNAL REVENUE 5,379.08
J & W 1,362.00
J & W INSTRUMENT 663.23
J M GRIMSTAD 527.45
JAMES TROUT 713.00
JEFF BRANDT 279.83
JEFF JOHNSON 2,152.50
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------ -------------------
JEFF JOHNSON 1,653.75
JEFF JOHNSON 1,500.17
JEFF JOHNSON 81.42
JESCO 183.31
JESCO INDUSTRIAL 336.71
JOHN HENRY FOST 114.14
JOHN HENRY FOST 68.86
JOHN HENRY FOSTER 405.16
KEITH WINTER 2,249.03
KENETH ETZLER 243.62
KENNETH ETZLER 24.46
L & S SERVICES 406.05
L & S SERVICES 378.23
L & S SERVICES 329.63
LAB SAFETY SUPPLY 45.93
LAB SAFETY SUPPLY 17.35
LAKELAND ENG 165.28
LAKELAND ENG 165.28
LAKELAND ENG 118.09
LAKEVIEW POLISHING 4,346.32
LARRY SCHWEBACH 707.36
LARRY SCHWEBACH 157.00
LAURICE LOVELL 100.00
LAWSON SOFTWARE 4,276.89
LEEF BROS 1,847.03
LEEF BROS 1,130.34
LEEF BROS INC. 1,376.55
LEEF BROS. 1,872.78
LEEF BROTHERS 3,804.18
LOFTON LABEL 514.20
LOFTON LABEL 428.50
LUBE TECH 1,111.52
MACHINE TOOL 51.90
MAGNATAG 85.89
MARODI 1,159.49
MARS WP & RS 187.88
MARSH NELSON & ASSOC 143.64
MARSHALL NELSON 997.21
MARSHALL NELSON 111.96
MATALMATIC 6,695.86
MATT HANKEN 662.30
MATT HANKEN 363.67
MATT HANKEN 105.75
MCMASTER CARR 1,163.95
MCMASTER CARR 960.58
MCMASTER CARR 794.02
MCMASTER CARR 222.69
MEATL TREATERS 1,230.35
MERCER 374.00
MESSERLI & KRAMER 1,266.31
METAL TREATERS 4,559.20
METAL TREATERS 1,403.25
METAL TREATERS 437.25
METAL TREATERS 127.25
METALMATIC 25,217.39
METALMATIC 13,000.34
METROCALL 29.37
MICHAEL DAHLEN 1,061.24
MICRO-WELD 425.00
MICRO-WELD 240.00
MICRO-WELD 240.00
MICRO-WELD 240.00
MICRO-WELD 230.00
MICRO-WELD 210.00
MICRO-WELD 120.00
MIDWEST MACHINE 169.40
MIDWEST MACHINE 98.78
MIDWEST MACHINE TOOL 69.67
MILWAUKEE ELECTRIC TOOL 26.67
MINNESOTA GLOVE 172.60
MN CHILD SUPP 1,733.52
MN CHILD SUPP 1,619.75
MN CHILD SUPPORT 2,239.69
MN CHILD SUPPORT PAY 1,744.82
MN CHILD SUPPORT PAYMENT 2,239.69
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ----------------------------------------------- -------------------
MN DEPT OF HEALTH 238.00
MN DEPT OF REV 234.10
MN DEPT OF REV 113.53
MN DEPT OF REV 113.53
MN DEPT OF REVENUE 234.10
MN DEPT OF REVENUE 120.57
MN ST BOARD ELE 20.00
MN STATE BOARD OF ELEC 20.00
MOLD BASE IND 14,061.00
MOLD BASE INDUSTRIES 24,512.00
NADCA 900.00
NEW DIMENSION 3,012.00
NEW DIMENSION 1,344.00
NEWARK ELECTR 105.40
NEWARK ELECTR 80.36
NEWARK ELECTR 78.17
NORANDA 104,275.88
NORTH SECOND 1,399.99
NORTH SECOND STREET 815.58
NORTHERN SANITARY 257.09
NORTHERN SANITARY 248.67
NORTHERN SANITARY 140.15
NORTHWESTERN DOOR 1,200.00
NOTT CO. 199.69
NOTT CO. 56.63
OCCUPATION MED 1,270.00
OCCUPATIONAL MED 142.50
OCCUPATIONAL MEDICINE 35.00
OIL AIR PRODUCTS 74.11
OLSEN CHAIN & CABLE 406.96
OLSON CHAIN 123.98
OSI ENVIRONMENT 394.06
OSI ENVIRONMENTAL 4,290.00
OSI ENVIRONMENTAL 2,128.28
OSI ENVIRONMENTAL 111.83
P & H 394.60
P & H SERVICES 498.55
P & H SERVICES 426.60
PAM'S POLISHING 1,500.00
PAM'S POLISHING 1,500.00
PAM'S POLISHING 1,320.00
PAM'S POLISHING 1,320.00
PAM'S POLISHING 1,260.00
PARK NICOLLET MED 19.00
PAUL KARNOWSKI 45.00
PAYROLL DISBURSED (INCLUDES CORP DISBURSEMENTS) 1,284,287.98
PEAK TECHNOLOGIES 1,559.10
PETTY CASH 353.22
PETTY CASH 295.48
PFC EQUIPMENT 1,329.29
PFC EQUIPMENT 941.53
PIONEER METAL 996.60
PIONEER METAL 100.80
PIONEER METAL FINISHING 629.72
PIONEER METAL FINISHING 610.12
PIRTEK PLYMOUTH 401.25
PITNEY BOWES 161.19
POWDER TECH 3,566.53
POWDER TECH 2,768.56
POWDER TECH 1,616.59
POWDER TECH 550.79
POWDER TECH 517.71
POWDER TECH 417.86
POWER/MATION 2,946.92
POWER/MATION 699.20
PRECISION POLISH 2,028.00
PRECISION POLISH 754.00
PRECISION POLISHING 2,938.00
PRECISION PUNCH 158.00
PRECISION SAW 525.45
PRECISION TOOL 1,320.00
PRO STAFF 918.00
PRO STAFF 918.00
PRO STAFF 918.00
PRO STAFF 585.23
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ---------------------- -------------------
PRODUCTIVITY INC 468.47
PROGRESSIVE COM 279.93
PROGRESSIVE COM 95.10
PROGRESSIVE COMP 247.50
PROGRESSIVE COMP 159.30
PROGRESSIVE COMPONENTS 66.00
PROGRESSIVE ENG 1,434.69
PROLIFT SERV 1,970.64
PROLIFT SERVICES 1,107.18
PROSTAFF 918.00
PROVIDENT LIFE 67.29
PYROTEK 558.58
PYROTEK 438.45
QC INSPECTION 3,082.92
QUAD STEEL 3,750.00
QUAD STEEL 1,425.00
QUAD STEEL 318.00
QUAD STEEL 165.00
QUEST ENG 51.06
QUEST ENG 23.35
QUEST ENGINEERING 1,929.99
QUEST ENGINEERING 8.28
QUICKWAY RIGGING 7,000.00
QUICKWAY RIGGING 4,000.00
QWEST DEX 34.80
QWEST DEX MEDIA 34.80
QWEST ENGINEERING 2,353.16
RELIASTAR BANKERS 1,572.38
RELIASTAR LIFE 5,059.25
REPLENEX 305.54
REPLENEX 119.65
RICE IND 246.92
RICE INDUSTRIES 1,313.75
RICE INDUSTRIES 1,192.64
RICE INDUSTRIES 1,112.50
RICE INDUSTRIES 96.34
RICK KRAMBER 469.52
RICK KRAMBER 32.48
RICK KRAMKER 145.40
RIMROCK 5,873.07
RIMROCK 2,098.55
RIMROCK 305.36
RIMROCK 176.40
RIMROCK 102.57
ROBERTS AUTO 2,517.49
ROCHESTER TOOL 260.50
RON LARSON 750.00
S & T OFFICE 419.02
S & T OFFICE 85.62
S & T OFFICE PROD 237.71
S & T OFFICE PRODUCTS 711.89
S&T OFFICE 108.24
SBC PAGING 53.00
SEVERN TRENT SERVICES 651.00
SHAD NELSON 2,831.29
SHAD NELSON 639.86
SHAD NELSON 364.15
SHAMROCK ENG 580.00
SHIPPERS SUPPLY 345.26
SKARNES 76.68
SOUTHCO 8,480.00
SPARTAN PROM 1,144.88
SPECTRO 705,024.00
SPECTRO ANALYTICAL 814.34
SPECTRUM FIN 552.96
SPECTRUM FINISH 930.16
SPECTRUM FINISHING 132.30
SPECTRUM IND 3,453.65
SPECTRUM IND 3,299.23
SPECTRUM IND 3,097.39
SPECTRUM INDUSTRIES 3,666.38
SPECTRUM INDUSTRIES 2,943.65
SPHERION 66,835.93
SPHERION 34,759.54
SPHERION 34,029.16
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------ -------------------
SPHERION 29,024.63
SPHERION 28,103.95
SPIRIT TOOL 237.00
SPIROL INTERNATIONAL 742.40
SPRAY-RITE 53,338.99
STAR TRIBUNE 1,567.12
STERLING 172.07
STORK-TWIN CITY 114.40
STORK-TWIN CITY 57.20
STORK-TWIN CITY TESTING 960.00
STREET FLEET 16.44
STRIKO 300.76
STRIKO DYNARD 1,010.60
SUB-MEX 20,142.08
SUB-MEX 18,800.90
SUB-MEX 1,813.00
SUB-MEX 1,620.00
SUB-MEX 852.50
TEMPLE-INLAND 1,312.50
TILSNER CARTON 1,848.75
TILSNER CARTON 1,833.75
TILSNER CARTON 1,786.00
TILSNER CARTON 1,545.00
TILSNER CARTON 1,515.00
TOLL COMPANY 656.20
TOLL COMPANY 424.54
TOOLING ASSOC 2,071.89
TOOLING ASSOC 401.24
TOOLING ASSOCIATES 1,030.43
TOSHIBA MACHINE 6,145.00
TOSHIBA MACHINE 1,985.16
TOSHIBA MACHINE 626.22
TOSHIBA MACHINE 569.78
TOSHIBA MACHINE 127.80
TOYOTA 56,817.84
TOYOTA-LIFT 84.99
TOYOTA-LIFT 82.86
TPC WIRE 197.63
TRANSMAN LOGISITCS 176,172.53
TRITUS MANUFACTURING 322.16
TROUT ENTERPRISE 1,265.00
TROUT ENTERPRISES 2,024.00
TROUT ENTERPRISES 1,656.00
TROUT ENTERPRISES 1,472.00
TROUT ENTERPRISES 1,012.00
TRU-TONE 3,119.25
TRU-TONE 2,968.50
TRU-TONE FINISHING 2,835.00
TRU-TONE FINISHING 2,666.25
TULL BEARING 190.96
TULL BEARING 25.35
TULL BEARINGS 375.53
TULL BEARINGS 285.32
TULL BEARINGS 83.59
TWIN CITY OPTICAL 147.90
TWIN PINES METROLOGY 349.00
U S TREASURY 25.00
UN ST TREASURY 25.00
UNITED ELECTRIC 1,446.18
UNITED ELECTRIC 1,195.53
UNITED ELECTRIC 720.43
UNITED ELECTRIC 711.92
UNUM LIFE 8,884.31
UNUM LIFE 1,190.01
US TREASURY 25.00
US TREASURY 25.00
US TREASURY 25.00
VALMONT 81.06
VERIZON WIRELESS 551.94
VERSA IRON & MACHINE 1,023.59
WALTER HAMMOND 174.95
WEYERHAEUSER 40.00
WI SCTF 50.50
WI SCTF 50.50
WI SCTF 50.50
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------ -------------------
WI SCTF 50.50
WILSON TOOL 817.96
WIRE WORX 960.00
WIRE WORX 895.00
WIRE WORX 530.00
WS SCTF 50.50
XCEL ENERGY 61,991.44
$ 3,774,748.40
TOOL PRODUCTS, INC.
CASE NO. 04-67610
AT 3/31/05
MINNEAPOLIS - BANK RECONCILIATION
Bank Balance -
Actual Outstanding Checks $ 335,833.91
Miscellaneous Reconciling Items Adjusted in April (960.54)
------------
334,873.37
Unadjusted GL Balance 334,873.37
------------
Difference $ -
============
TOOL PRODUCTS, INC.
CASE NO. 04-67610
MINNEAPOLIS
OUTSTANDING CHECK LIST
CASE NO. 04-67610
DATE CHECK OUTSTANDING
11/8/2004 451757 $ 271.85
11/11/2004 451812 500.00
11/15/2004 451855 124.74
12/2/2004 452035 60.50
12/3/2004 452068 192.32
12/8/2004 452188 105.53
12/28/2004 452484 114.01
1/13/2005 452731 399.78
1/27/2005 453057 96.29
2/10/2005 453337 188.22
2/14/2005 453367 82.21
2/25/2005 453620 101.05
3/3/2005 453669 662.30
3/3/2005 453686 78.17
3/3/2005 453697 1,970.64
3/10/2005 453761 38.25
3/11/2005 453807 105.75
3/16/2005 453872 367.08
3/17/2005 453882 431.04
3/17/2005 453903 243.62
3/17/2005 453926 900.00
3/17/2005 453927 364.15
3/17/2005 453956 2,249.03
3/18/2005 453966 174.95
3/21/2005 453973 169.46
3/21/2005 453976 199.69
3/21/2005 453978 1,985.16
3/21/2005 453979 580.00
3/22/2005 453981 279.83
3/22/2005 453988 1,329.29
3/23/2005 453999 2,450.21
3/23/2005 454004 56.61
3/23/2005 454011 162.00
3/23/2005 454013 30,275.91
3/23/2005 454024 45.00
3/23/2005 454025 17.35
3/23/2005 454031 93.75
3/23/2005 454042 260.50
3/23/2005 454044 132.30
3/23/2005 454052 569.78
3/23/2005 454054 2,666.25
3/23/2005 454057 25.00
3/23/2005 454059 1,023.59
3/23/2005 454065 1,317.20
3/23/2005 454067 444.58
3/23/2005 454068 111.90
3/23/2005 454070 363.67
3/23/2005 454071 62.50
3/28/2005 454075 896.61
3/28/2005 454076 208.75
3/28/2005 454079 45.93
3/28/2005 454080 230.00
3/28/2005 454081 517.71
3/29/2005 454082 3,580.00
3/29/2005 454083 8,849.37
3/29/2005 454084 17,927.38
3/29/2005 454085 127.33
3/29/2005 454086 2,159.42
3/29/2005 454087 826.20
3/29/2005 454088 25,176.87
3/29/2005 454089 165.28
3/29/2005 454090 1,159.49
3/29/2005 454091 1,192.64
3/29/2005 454092 82.86
3/29/2005 454093 2,835.00
3/30/2005 454094 3,846.00
3/30/2005 454095 199.58
3/30/2005 454096 3,904.88
3/30/2005 454097 201.90
3/30/2005 454099 1,260.00
3/30/2005 454101 66.00
3/30/2005 454102 1,786.00
3/30/2005 454103 626.22
3/31/2005 454104 193.44
3/31/2005 454105 650.17
3/31/2005 454106 121.33
3/31/2005 454107 73.03
3/31/2005 454108 166.50
3/31/2005 454109 465.67
3/31/2005 454110 731.00
3/31/2005 454111 9,992.28
3/31/2005 454112 4,777.85
3/31/2005 454113 59.02
3/31/2005 454114 100.00
3/31/2005 454115 37.61
3/31/2005 454116 553.67
3/31/2005 454117 206.19
3/31/2005 454118 133.60
3/31/2005 454119 690.00
3/31/2005 454120 2,759.86
3/31/2005 454121 2,827.83
3/31/2005 454122 50.54
3/31/2005 454123 1,201.44
3/31/2005 454125 1,112.92
3/31/2005 454126 1,061.28
3/31/2005 454127 99.82
3/31/2005 454128 2,049.01
3/31/2005 454129 77.45
3/31/2005 454130 2,036.73
3/31/2005 454131 2,875.49
3/31/2005 454132 713.00
3/31/2005 454133 469.52
3/31/2005 454135 3,804.18
3/31/2005 454136 428.50
3/31/2005 454137 100.00
3/31/2005 454138 997.21
3/31/2005 454139 960.58
3/31/2005 454140 437.25
3/31/2005 454141 29.37
3/31/2005 454142 425.00
3/31/2005 454143 69.67
3/31/2005 454144 26.67
3/31/2005 454145 2,239.69
3/31/2005 454146 120.57
3/31/2005 454147 24,512.00
3/31/2005 454148 2,831.29
3/31/2005 454149 248.67
3/31/2005 454150 35.00
3/31/2005 454151 406.96
3/31/2005 454152 111.83
3/31/2005 454153 394.60
3/31/2005 454154 1,559.10
3/31/2005 454155 610.12
3/31/2005 454156 550.79
3/31/2005 454157 585.23
3/31/2005 454159 1,107.18
3/31/2005 454160 2,353.16
3/31/2005 454161 34.80
3/31/2005 454162 305.36
3/31/2005 454163 711.89
3/31/2005 454164 651.00
3/31/2005 454165 2,943.65
3/31/2005 454166 29,024.63
3/31/2005 454167 960.00
3/31/2005 454168 18,800.90
3/31/2005 454169 366.74
3/31/2005 454170 1,030.43
3/31/2005 454171 322.16
3/31/2005 454172 1,472.00
3/31/2005 454173 25.35
3/31/2005 454174 349.00
3/31/2005 454175 1,195.53
3/31/2005 454176 25.00
3/31/2005 454177 105.53
3/31/2005 454178 122.70
3/31/2005 454179 50.50
3/31/2005 454180 61,991.44
3/31/2005 454181 1,800.00
$ 335,833.91
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MARCH 31, 2005
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: APRIL 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 MARCH 31, 2005:
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: APRIL 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 3-31-05
($000's)
CASE #04-67614
WAGNER
CASTINGS
----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales $ 5,645 $ 32,128
Cost of Goods Sold
Materials and Freight 1,092 7,705
Wages - Hourly 772 4,370
Wages-Salary 299 2,310
Employee Benefits and Pension 1,037 7,576
Repairs & Maintenance 450 1,596
Supplies 298 1,613
Utilities 376 2,665
Purchased Components/Services 822 4,623
Income(loss) from Pattern Sales (33) (78)
Fixed Asset - (gain/loss) - (11)
MIS Expense 40 254
Travel & Entertainment 5 18
Other Variable Costs (2) 647
Depreciation & Amortization (214) 1,479
Other Allocated Fixed Costs - (5)
Other Fixed Costs 158 974
------------- ------------------
Cost of Goods Sold 5,100 35,736
Gross Profit 545 (3,608)
Plant SG&A Expense 18 118
SG&A Expense - Allocation (Sched 1) 191 1,104
Other Operating Expenses - 923
------------- ------------------
Total Operating Expenses 209 2,145
Operating Profit 336 (5,753)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (130) (458)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) 2 (2)
------------- ------------------
Total Non-Operating Expenses (128) (460)
Income Before Income Taxes 208 (6,213)
Income Tax Expense - -
------------- ------------------
Net Income $ 208 $ (6,213)
============= ==================
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs March
(Allocation of Corporate Costs to Filing Entities)
(000's)
March
-------
Officer Compensation $ 189
Salary Expense other Employees 919
Employee Benefits and Pension 105
Payroll Taxes 60
Other Taxes 0
Rent and Lease Expense 216
Interest Expense
Insurance 62
Automobile and Truck Expense 11
Utilities (Gas Electric, Phone) 68
Depreciation 87
Travel and Entertainment 80
Repairs and Maintenance 51
Advertising/Promotion 0
Supplies, Office Expense 32
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 15
Public Reporting Fees 16
Employee Relocation/Training 2
Data Processing 29
Dues and Subscriptions 36
Outside Services 172
Project Development Costs net of Billings 73
Director Fees 25
Miscellaneous 4
Legal Fees 1
Cost Allocation - Europe (78)
Cost Allocation - Out (273)
-------
$ 2,250
=======
Allocation:
Wagner Castings 191
Northern Castings 51
Ironton Iron 0
Lynchburg Foundry 193
Columbus Foundry 313
Wagner Havana 0
Intermet U.S. Holdings 261
Cast-Matic Corp. 82
Diversified Diemakers 257
Ganton Technologies 168
Tool Products 137
Corporate 597
-------
Total $ 2,250
=======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 03-31-05
CASE #04-67614
--------------
WAGNER
CASTINGS
--------------
Cash And Equivalents $ 31
Accounts Receivable 7,431
Short-Term Intercompany Receivables 0
Inventories 6,066
Other Current Assets 346
--------------
TOTAL CURRENT ASSETS 13,874
Land and Buildings 2,412
Machinery & Equipment 58,079
Construction In Progress 854
--------------
Total Fixed Assets 61,345
Accumulated Depreciation (52,917)
--------------
NET FIXED ASSETS 8,428
Investment In Subsidiaries 0
Investment In European Operations 0
Long-Term Intercompany Receivables 0
Deferred Taxes, Long-Term Asset 0
Other Assets 157
--------------
TOTAL ASSETS $ 22,459
==============
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 986
Wages and Salaries (See schedule) 559
Taxes Payable - (See schedule) 70
--------------
TOTAL POST PETITION LIABILITIES 1,615
SECURED LIABILITIES:
SECURED BANK DEBT 0
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes 0
Accrued Tax - State 0
Accrued Property Taxes 51
Accrued Workers Comp 1,208
Accrued Payroll 14
Accrued Payroll Taxes 0
--------------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 1,273
UNSECURED LIABILITIES
Accounts Payable 6,105
Senior & IDR Bonds 0
--------------
TOTAL UNSECURED LIABILITIES 6,105
OTHER LIABILITIES
Accrued Liabilities 2,117
Short-Term Intercompany Payables 26
Capital Leases 0
Retirement Benefits (1,451)
Deferred Taxes - Long-Term Liability 0
Other Long-Term Liabilities 0
Long-Term Intercompany Payables 2,242
Minority Interest 0
--------------
TOTAL LIABILITIES 11,927
Common Stock 0
Capital In Excess Of Par Value 17,027
Retained Earnings - Prepetition (282)
Retained Earnings - Post Petition (6,213)
Equity In European Operations
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
--------------
TOTAL SHAREHOLDER EQUITY 10,532
--------------
TOTAL LIABILITIES AND EQUITY $ 22,459
==============
PERIOD ENDED: 03-31-05 WAGNER CASTINGS COMPANY CASE #04-67614
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
02-28-05 Withheld Deposits 03-31-05
-------------------------------------------------------------
Income tax withheld: Federal $ (13,053) $ (108,403) $ 121,456 $ 0
Income tax withheld: State (4,206) (27,409) 31,615 0
Income tax withheld: Local 0 0 0 0
FICA Withheld (6,614) (83,887) 84,541 (5,961)
Employers FICA (24,923) (73,622) 84,541 (14,004)
Unemployment Tax: Federal (1,702) (3,474) 4,575 (600)
Unemployment Tax: State (20,750) (88,860) 93,396 (16,214)
All Other Payroll W/H (24,059) (79,144) 97,215 (5,988)
State Taxes: Inc./Sales/Use/Excise (2) (3) 2 (3)
Property Taxes (29,829) (6,000) 0 (35,829)
Workers Compensation (14,155) (9,220) 32,785 9,410
-------------------------------------------------------------
Total $ (139,292) $ (480,022) $ 550,126 $ (69,189)
Wages and Salaries (566,846) (685,314) 693,105 (559,056)
-------------------------------------------------------------
Grand Total $ (706,139) $(1,165,337) $ 1,243,230 $ (628,245)
=============================================================
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 $ 985,890 $ 981,889 $ 4,001 $ 0
Accounts Receivable -Pre & Post $ 8,716,694 $ 7,015,141 $ 180,908 $ 1,520,646
INTERMET CORPORATION AND SUBSIDIARIES
Cash Activity Analysis:
Month Ended 3/31/2005
MONTHLY CASH STATEMENT
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.
BEGINNING BANK BALANCE - - - 29,913 - -
RECEIPTS 1,897,101 4,081,651 0 198 - -
TRANSFERS IN (CORPORATE) - - 1,972,549 - 225,422 654
DIP INFLOW - - - - - -
DISBURSEMENTS - - (1,972,549) - (225,422) (654)
TRANSFERS OUT (CORPORATE) (1,897,101) (4,081,651) - - - -
DIP REPAYMENT - - - - - -
------------------------------------------------------------------------------------------
ENDING BANK BALANCE - - - 30,111 - -
DISBURSEMENTS PAID FOR BY CORPORATE 1,622,676
CHECKS ISSUED 1,946,611
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 785,686
----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $4,354,973
==========
OUTSTANDING CHECKS AS OF FEBRUARY 28 415,359
VOIDED CHECKS OUTSTANDING AS OF FEBRUARY 28 (2,220)
CHECKS ISSUED IN MARCH 1,946,611
CHECK CLEARED IN MARCH (1,972,549)
----------
OUTSTANDING CHECKS AS OF MARCH 31 (SEE OUTSTANDING CHECKLIST) $ 387,200
==========
DECATUR
CASE # 04-67614
AT 3/31/05
DECATUR - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 387,200.48
Unadjusted GL Balance 387,200.48
----------
Difference $ -
==========
DECATUR
OUTSTANDING CHECKS
CASE # 04-67614
DATE CHECK OUTSTANDING
12/2/2004 116677 $ 6,798.97
12/16/2004 117036 658.00
2/3/2005 118038 20.00
2/3/2005 118066 187.28
2/25/2005 118579 100.00
3/17/2005 119088 145.00
3/18/2005 119114 3,612.40
3/18/2005 119121 3,927.10
3/21/2005 119140 4,946.40
3/21/2005 119143 534.15
3/22/2005 119168 5,529.60
3/22/2005 119170 2,926.79
3/22/2005 119188 303.60
3/23/2005 119200 3,115.65
3/23/2005 119204 4,575.84
3/23/2005 119205 650.00
3/23/2005 119219 607.20
3/24/2005 119228 7,961.53
3/24/2005 119229 954.53
3/24/2005 119233 225.00
3/24/2005 119234 2,926.16
3/24/2005 119248 3,612.40
3/24/2005 119249 64.24
3/24/2005 119250 2,781.57
3/24/2005 119253 392.40
3/24/2005 119254 455.40
3/24/2005 119260 151.80
3/25/2005 119274 1,638.98
3/25/2005 119277 250.00
3/25/2005 119283 6,102.32
3/25/2005 119284 7,612.40
3/25/2005 119288 117.30
3/25/2005 119291 3,481.41
3/25/2005 119293 120.00
3/25/2005 119295 299.00
3/28/2005 119303 1,723.48
3/28/2005 119304 302.50
3/28/2005 119305 403.00
3/28/2005 119308 214.73
3/28/2005 119309 100.00
3/28/2005 119310 6,363.49
3/28/2005 119311 6,275.41
3/28/2005 119312 178.20
3/28/2005 119313 250.51
3/28/2005 119315 22.50
3/28/2005 119317 3,201.00
3/28/2005 119318 7,630.98
3/28/2005 119321 1,244.40
3/28/2005 119322 250.42
3/28/2005 119323 107.46
3/28/2005 119325 2,000.00
3/28/2005 119326 4,401.60
3/28/2005 119327 5,010.30
3/28/2005 119332 520.02
3/28/2005 119333 440.91
3/28/2005 119335 4,344.75
3/28/2005 119336 100.00
3/28/2005 119337 107.46
3/28/2005 119338 1,697.65
3/28/2005 119339 6,450.00
3/28/2005 119340 660.00
3/28/2005 119343 1,366.20
3/28/2005 119345 525.00
3/28/2005 119346 3,354.00
3/29/2005 119354 17,989.59
3/29/2005 119355 5,427.88
3/29/2005 119357 239.60
3/29/2005 119358 10,886.40
3/29/2005 119360 25.00
3/29/2005 119361 2,534.63
3/29/2005 119362 1,068.33
3/29/2005 119364 5,021.88
3/29/2005 119365 546.87
3/29/2005 119366 23,142.00
3/29/2005 119368 4,137.00
3/29/2005 119369 3,665.13
3/29/2005 119370 500.00
3/29/2005 119371 300.00
3/29/2005 119372 36.38
3/29/2005 119374 2,235.00
3/29/2005 119375 607.20
3/29/2005 119376 5,509.00
3/29/2005 119377 202.33
3/30/2005 119384 498.19
3/30/2005 119385 554.00
3/30/2005 119386 9,895.20
3/30/2005 119387 250.00
3/30/2005 119388 5,833.65
3/30/2005 119390 8,264.10
3/30/2005 119391 1,585.19
3/30/2005 119392 595.90
3/30/2005 119393 750.71
3/30/2005 119394 1,747.20
3/30/2005 119395 3,000.00
3/30/2005 119396 3,612.40
3/30/2005 119397 131.45
3/30/2005 119398 759.00
3/30/2005 119399 5,784.00
3/31/2005 119406 276.76
3/31/2005 119407 782.70
3/31/2005 119408 458.00
3/31/2005 119409 2,674.73
3/31/2005 119410 12,214.80
3/31/2005 119411 4,122.83
3/31/2005 119412 566.37
3/31/2005 119413 463.00
3/31/2005 119414 779.10
3/31/2005 119415 73.27
3/31/2005 119416 315.22
3/31/2005 119417 150.75
3/31/2005 119418 612.50
3/31/2005 119419 167.29
3/31/2005 119420 2,180.52
3/31/2005 119421 69.23
3/31/2005 119422 13,098.11
3/31/2005 119423 8,831.00
3/31/2005 119424 3,665.13
3/31/2005 119425 913.66
3/31/2005 119426 11,985.79
3/31/2005 119427 5,959.51
3/31/2005 119428 110.00
3/31/2005 119429 32.00
3/31/2005 119430 10,978.00
3/31/2005 119431 455.40
3/31/2005 119432 369.77
3/31/2005 119433 136.50
3/31/2005 119434 4,553.65
3/31/2005 119435 95.00
3/31/2005 119436 27,731.00
1/31/2005 119539 3,128.97
3/23/2005 119595 546.87
3/28/2005 119597 1,525.00
3/28/2005 119598 364.69
3/29/2005 119599 837.00
3/31/2005 119600 46.44
11/5/2004 120747 1,564.32
$ 387,200.48
WAGNER CASTINGS, INC. CASE NO. 04-67614
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ---------------------------------------------------------------
A D BROOKS $ 440.00
ABB INC 12,573.00
ACRISON INC 4,424.00
ADA JACKSON 440.00
ADP INC 200.00
AEARO CO/AOSAFETY 1,096.17
AETNA US HEALTHCARE 17,989.59
AIR LIQUIED INDUSTRIAL US LP 8,565.48
ALLIED ELECTRONICS INC 45.00
ALLIED MINERAL PRODUCTS INC 2,719.75
AMERENIP 493,249.25
ANN ROYER 20.00
APPLIED PROCESS INC 30,039.05
ARAMARK UNIFORM SERVICES INC 2,495.58
ARCH WIRELESS 667.28
ARCHIE JOHNSON 440.00
ARCHITECTURAL IRON WORKS 6,656.00
ARTHUR G BYRNE CO INC 7,961.53
ASSOCIATED ANES OF DECATUR 1,430.00
AT&T 1,301.41
AT&T 39.71
BANCORP SOUTH (700.00)
BARBARA LEE 440.00
BEARING DISTRIBUTORS INC 24,639.38
BEELMAN TRUCK CO 302.50
BENTONITE PERFORMANCE MINERALS 102,000.00
BERG ENGINEERING & SALES CO 861.00
BERWYN GROUP 9.50
BETTY HAMILTON 440.00
BLACK & CO #11 6,219.74
BODINE ELECTRIC OF DECATUR 25,448.50
BODINE ENVIRONMENTAL SERVICE 6,527.70
BODINE SERVICES INC 2,745.80
BOULEVARD PROPERTIES LLC 856.25
BOWMAN HEINTZ BOSCIA & VICIAN 16.10
BRAKE AND CLUTCH 114.00
BUEL COLE 440.00
BURDICK PLUMBING INC 214.73
BUSCHE ENTERPRISE DIVN INC 119,001.54
C C FIRE EQUIPMENT CO INC 1,481.40
CARLIN AUTOMATION INC 837.00
CASTEXPO 05 225.00
CC METALS AND ALLOYS INC 21,711.95
CENTRAL STEEL & WIRE CO 1,352.02
CHARLES BEDFORD OD/DEC EYECARE 228.72
CHRIS INCORPORATED 1,250.00
CHRISTY-FOLTZ INC 1,089.28
CINGULAR WIRELESS 18.34
CITY OF DECATUR 6,363.49
CLIMATE CONTROL 90,922.68
COLUMBUS MCKINNON CORP 7,743.11
CONNOR CO 1,730.48
WAGNER CASTINGS, INC. CASE NO. 04-67614
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ---------------------------------------------------------------
CONTINENTAL CARBONIC PROD INC 202.73
CONWAY CENTRAL EXPRESS 1,177.00
CORN BELT FS INC 12,148.70
COUGAR INDUSTRIES INC 397.43
CREATIVE BUSINESS FORMS 299.03
CRI RECYCLING 926.00
DAMON LEE 440.00
DAUBER COMPANY 14,448.00
DAVID A DENTON 1,844.98
DAVID RIGHTNOWAR 440.00
DCD TRANSPORTATION INC 534.15
DE LAGE LANDEN FIN SERVICES 1,965.00
DEAN REEDY 566.37
DECATUR BOLT CO INC 193.40
DECATUR INDUSTRIAL ELECTRIC 1,068.33
DECATUR MEMORIAL HOSPITAL 225.78
DECATUR PRIDE CHECKER CAB 22.50
DECATUR RADIOLOGY PHYS SC 29.00
DHL EXPRESS 166.80
DIDION INTERNATIONAL INC 14,021.80
DISA GOFF INC 14,909.04
DISA INDUSTRIES INC 8,369.80
DONALDSON CO INC 1,654.00
DONNELLY AUTOMOTIVE MACH INC 833.88
DORSEY PIRTLE 440.00
DRACO MECHANICAL SUPPLY CO 913.65
DYNAMIC AIR INC 262.22
EDMUND IND. OPTICS 676.50
ELECTRONICS INC 1,078.00
ELECTRO-NITE CO 779.10
ELKEM METALS INC 47,475.00
ENBRIDGE GAS SERVICES 82,936.97
ENGLEWOOD 327.16
FAMILY SUPPORT PAYMENT CENTER 371.35
FEDEX 427.41
FIDELITY 1,615.00
FIVE MORRS 295.96
FLUID CONTROL PRODUCTS 92.64
FOREMOST ELECT AND TRANS INC 702.00
FOSECO INC 7,630.98
FRANK MATTHEWS 440.00
FRANK REED 440.00
FRISBY PMC 168,178.46
G E CAPITAL 2,017.49
G G BARNETT TRANSPORT INC 2,182.03
GE CAPITAL 642.02
GE INSPECTION TECHNOLOGIES 2,478.48
GENERAL KINEMATICS CORP 1,321.00
GERDAU AMERISTEEL 8,916.69
GLENN PIERSON 1,576.10
GLENN ZILLS 640.00
GLOBE METALLUGICAL 46,284.00
GRAINGER INC 240.35
WAGNER CASTINGS, INC. CASE NO. 04-67614
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ---------------------------------------------------------------
GREGG OLDFIELD 159.00
GULLY TRANSPORTATION 9,116.73
HA INTERNATIONAL LLC 19,572.80
HAGERTY BROTHERS CO 3,918.62
HARRY BOND 440.00
HARRY E HILLS & ASSOC 5,517.65
HAUSNER HARD-CHROME INC. 750.71
HAWTHORN IND/JAMES J MAY 340.32
HICKMAN WILLIAMS & CO 21,000.00
HI-TEMP INC. 1,621.21
HOLTGRIEVE & CO 7,866.84
HQ PRINTERS 70.05
HTE TECHNOLOGIES 6,174.12
IL INDUSTRIAL COMMISSION (420.39)
ILL STUDENT ASSISTANCE COMM 299.82
ILLINOIS DEPT OF REVENUE 11.00
INDUSTRIAL PROCESS EQUIPMENT 1,084.99
INNOVATIVE LABELING SOLUTIONS 706.93
INSIGHT CORPORATE SOLUT 705.24
INTERNAL REVENUE SERVICE 1,287.50
IVORY CURRY 440.00
J C JELKS 440.00
J W ASSOCIATES INC 546.47
J.D. FINLEY 440.00
JAMES GAVIN 440.00
JAMES GREEN 440.00
JAMES JONES 836.45
JAMES REED 440.00
JASON MARSHALL 107.46
JEFF COCHRAN 400.00
JERRY SHERWOOD 440.00
JOHN C KEFALAS MDSC 412.42
JOHN H GERMERAAD - TRUSTEE 3,963.47
JOHN HENRY FOSTER CO 146.50
KANSAS PAYMENT CENTER 346.15
KELLY CONSTRUCTION 11,356.93
KENT RUDBECK 300.00
KING-LAR CO 11,331.82
KIRBY RISK CORP 2,203.42
L & N INDUSTRIES INC 8,380.32
LAB SAFETY SUPPLY INC 337.99
LAND OF LINCOLN CREDIT UNION 65,165.95
LARPEN METALLURGICAL SERVICE 40,634.50
LARRY BONNELL 440.00
LARRY HAYES 440.00
LARRY TURPIN AND 5,000.00
LEADING EDGE ENTERPRISES INC 9,350.00
LEVOY REED 440.00
LINCO REFRACTORY SUPPLY INC 1,696.00
LOCAL #6-728 PACE 12,255.92
LORETTA'S WORK BOOTS 172.80
LOUIS THOMAS 440.00
LYNN ZASADA 440.00
WAGNER CASTINGS, INC. CASE NO. 04-67614
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ---------------------------------------------------------------
M H EQUIPMENT 127.20
M H EQUIPMENT CORP 2,004.80
MACIOROWSKI SACKMANN & ULRICH 5,956.87
MARTIN BROS CONTAINER & 15,393.60
MARTIN BRUMETT 1,145.04
MARVIN BRANDT 440.00
MARVIN KELLER TRUCKING 400.00
MCMASTER-CARR SUPPLY CO 172.98
MENNIE'S MACHINE CO 103,226.49
MERCER 10,760.00
METOKOTE CORP 13,882.08
METRO METAL PRODUCTS 3,525.76
METRO METAL PRODUCTS INC 70,872.12
MICRO TEK PATTERN INC 2,670.00
MIDWEST CREDIT & COLLECTION 2,344.60
MISSOURI REFRACTORIES CO INC 14,016.00
MORGAN DISTRIBUTING INC 6,793.67
MORGAN EXPRESS INC 43,120.58
MOTION INDUSTRIES INC 608.65
NATIONAL CITY 6,936.52
NATIONAL CITY BANK 36,013.72
NEWTON CONVEYORS INC 520.02
NOBLE SALES INC 2,781.57
OLSTEN STAFFING 1,853.11
OMNISOURCE FT WAYNE FERR DIV 747,205.76
ONYX WASTE SERVICES MIDWEST 37,305.52
PATHOLOGY ASSOC OF CENT IL 110.00
PAYROLL ISSUED (INCLUDES CORP DISB) 785,686.41
PECHINEY WORLD TRADE 32,540.19
PEERLESS METAL POWDERS 36,960.00
PETRONOL CORP OF INDIANA 300.00
PHILLIP DANNEWITZ 440.00
PRAIRIE IDEALEASE 1,449.00
PRIMETRADE 209,074.28
PROVIDENT LIFE 89.25
QUALITY TEAM 1 4,344.75
R D MCMILLEN ENTERPRISES 1,754.85
RADIOLOGICAL ASN OF DECATUR 179.00
RECORD COPY SERVICES 105.80
REFRACTORY SALES & SRV CO INC 18,072.00
RENEE HADDEN 300.00
RENTAL SERVICE CORP 2,733.60
RICHARD COLE 440.00
RICK WALLACE 400.00
ROBERT LOWRY 440.00
ROBERTS SINTO CORP 7,515.20
ROLAND MABRY 440.00
S J SMITH WELDING SUPPLY 8,141.61
SAFETY SHOE DISTRIBUTORS 312.11
SAFETY-KLEEN CORP 2,093.65
SAFEWORKS DECATUR 392.40
SAFEWORKS-COLES COUNTY 7,057.20
SAFEWORKS-IL OF COLES COUNTY 1,925.05
WAGNER CASTINGS, INC. CASE NO. 04-67614
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ---------------------------------------------------------------
SBC 1,591.67
SD MYERS 4,016.00
SEBENS CONCRETE PRODUCTS INC 60.15
SECURITAS SEC SVCS USA INC 7,953.16
SHAWS CATERING SERVICE 525.47
SHERMAN BAINE 440.00
SHERRI GRIMES 2,692.50
SIMPSON TECHNOLOGIES 37,981.00
SLIGO STEEL 2,846.40
SOPH TECH 2,007.00
SOURCE ONE SUPPLY CORP 81.30
SPRINGFIELD ELECTRIC 13,208.93
ST MARYS DECATUR HOSPITAL 165.60
ST MARY'S HOSPITAL 3,888.34
STATE TREASURER EX-OFFICIO 420.39
STERICYCLE INC 113.67
STONE CONTAINER CORP 12,932.82
STRIGLOS OFFICE EQUIPMENT 1,730.31
STUART BAKER MD 11,077.00
SUNBELT RENTALS 11,329.88
TARRANTS RADIATOR BRAKE SERV 220.00
TEAM COOPERHEAT MQS 120.00
TENNECO AUTOMOTIVE 12,349.69
THOMAS H BOWDRE 440.00
THORNTON WELDING SERVICE INC 14,945.79
TORUS MACHINING 14,377.20
TRACY CAUSEY 71.64
TRANSMAN 49,077.91
TYDUS GREEN 440.00
U S DEPARTMENT OF EDUCATION 725.05
U S HARDWOOD PRODUCTS 12,103.08
UNION PLANTERS TRUST 5,800.00
UNITED WAY OF DEC & MID-IL 1,261.50
VERIZON WIRELESS 940.62
WABEL TOOL CO 112,610.79
WALGREENS TREASURE DEPARTMENT 80.77
WALLENDER-DEDMAN PRINTING 145.00
WALZ EQUIPMENT 2,861.00
WARD NORTH AMERICA INC 299.00
WATTS COPY SYSTEMS INC 517.00
WEDRON SILICA COMPANY 6,015.00
WHEELABRATOR 1,007.26
WHITING CORP 4,882.70
WI SCTF 480.00
WILKENS-ANDERSON CO 202.33
WILLIAM A KIBBE & ASSOC INC 4,020.00
WILLIAM WALKER 440.00
WILLIE LEE GREEN 440.00
X-R-I TESTING DIV 3,354.00
ZEP MFG CO 276.38
-------------------
$ 4,354,973.31
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MARCH 31, 2005
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: APRIL 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 MARCH 31, 2005:
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: APRIL 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 3-31-05
($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 140 354
Repairs & Maintenance - -
Supplies - 50
Utilities 7 24
Purchased Components/Services - (1)
Income(loss) from Pattern Sales - -
Fixed Asset - (gain/loss) - -
MIS Expense - 1
Travel & Entertainment - -
Other Variable Costs 14 22
Depreciation & Amortization - -
Other Allocated Fixed Costs - -
Other Fixed Costs 7 143
------- -------
Cost of Goods Sold 168 593
Gross Profit (168) (593)
Plant SG&A Expense - -
SG&A Expense - Allocation (Sched 1) - -
Other Operating Expenses - 4,895
------- -------
Total Operating Expenses - 4,895
Operating Profit (168) (5,488)
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) 170 136
------- -------
Total Non-Operating Expenses 170 131
Income Before Income Taxes 2 (5,357)
Income Tax Expense - -
------- -------
Net Income $ 2 ($5,357)
======= =======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs March
(Allocation of Corporate Costs to Filing Entities)
(000's)
March
-------
Officer Compensation $ 189
Salary Expense other Employees 919
Employee Benefits and Pension 105
Payroll Taxes 60
Other Taxes 0
Rent and Lease Expense 216
Interest Expense
Insurance 62
Automobile and Truck Expense 11
Utilities(Gas Electric,Phone) 68
Depreciation 87
Travel and Entertainment 80
Repairs and Maintenance 51
Advertising/Promotion 0
Supplies, Office Expense 32
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 15
Public Reporting Fees 16
Employee Relocation/Training 2
Data Processing 29
Dues and Subscriptions 36
Outside Services 172
Project Development Costs net of Billings 73
Director Fees 25
Miscellaneous 4
Legal Fees 1
Cost Allocation - Europe (78)
Cost Allocation - Out (273)
-------
$ 2,250
=======
Allocation:
Wagner Castings 191
Northern Castings 51
Ironton Iron 0
Lynchburg Foundry 193
Columbus Foundry 313
Wagner Havana 0
Intermet U.S. Holdings 261
Cast-Matic Corp. 82
Diversified Diemakers 257
Ganton Technologies 168
Tool Products 137
Corporate 597
------
Total $2,250
======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 03-31-05
CASE #04-67611
--------------
WAGNER
HAVANA
--------------
Cash And Equivalents $ 0
Accounts Receivable 68
Short-Term Intercompany Receivables 0
Inventories 198
Other Current Assets 0
--------
TOTAL CURRENT ASSETS 266
Land and Buildings 1,633
Machinery & Equipment 14,700
Construction In Progress 0
--------
Total Fixed Assets 16,333
Accumulated Depreciation (13,534)
--------
NET FIXED ASSETS 2,799
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 $ 3,065
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 7
Wages and Salaries (See schedule) 0
Taxes Payable - (See schedule) 42
--------
TOTAL POST PETITION LIABILITIES 49
SECURED LIABILITIES:
SECURED BANK DEBT 0
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes 0
Accrued Tax - State 3
Accrued Property Taxes 63
Accrued Workers Comp. 393
Accrued Payroll 127
Accrued Payroll Taxes 0
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 586
UNSECURED LIABILITIES
Accounts Payable 179
Senior & IDR Bonds 0
--------
TOTAL UNSECURED LIABILITIES 179
OTHER LIABILITIES
Accrued Liabilities 4
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 8,036
Minority Interest 0
--------
TOTAL LIABILITIES 8,854
Common Stock 0
Capital In Excess Of Par Value 9,349
Retained Earnings - Prepetition (9,781)
Retained Earnings - Post Petition (5,357)
Equity In European Operations
Accumulated Translation Adjustment 0
Minimum Pension Liability Adjustment 0
Unearned Restricted Stock 0
--------
TOTAL SHAREHOLDER EQUITY (5,789)
--------
Total Liabilities And Equity $ 3,065
========
PERIOD ENDED: 03-31-05 WAGNER HAVANA CASE #04-67611
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
2/28/2005 Withheld Deposits 3-31-05
---------------------------------------------------
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 (35,075) (7,015) 0 (42,090)
Workers Compensation (14,460) 0 14,460 0
---------------------------------------------------
Total ($ 49,535) ($ 7,015) $ 14,460 ($ 42,090)
Wages and Salaries 0 0 0 0
---------------------------------------------------
Grand Total ($ 49,535) ($ 7,015) $ 14,460 ($ 42,090)
===================================================
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 $7,094 $ 7,094 $ 0 $ 0
Accounts Receivable $ 0 $ 0 $ 0 $ 0
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS: MONTHLY CASH STATEMENT
Month Ended 3/31/2005
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.
BEGINNING BANK BALANCE - - - -
RECEIPTS - - - -
TRANSFERS IN (CORPORATE) - 20,477 - -
DIP INFLOW - - - -
DISBURSEMENTS - (20,477) - -
TRANSFERS OUT (CORPORATE) - - - -
DIP REPAYMENT - - - -
-
-
-------------------------------------------------
ENDING BANK BALANCE - - - -
DISBURSEMENTS
PAID FOR BY CORPORATE 1,140
CHECKS ISSUED 16,296
----------
TOTAL DISBURSEMENTS $ 17,436
==========
OUTSTANDING CHECKS
AS OF FEBRUARY 28 5,444
VOIDED CHECKS OUTSTANDING
AS OF FEBRUARY 28 (921)
CHECKS ISSUED IN MARCH 16,296
CHECK CLEARED IN MARCH (20,477)
----------
OUTSTANDING CHECKS AS OF
MARCH 31
(SEE OUTSTANDING CHECKLIST) $ 342
==========
NOTE: Havana's payroll is consolidated with the Corporate payroll due to
immateriality
WAGNER HAVANA, INC. CASE NO. 04-67611
CASH DISBURSEMENTS
MARCH 2005
VENDOR TOTAL DISBURSEMENTS
- ---------------------------------------------------
AMERENCIPS (ELECTRIC) $ 5,596.90
ADP 780.00
ADP 85.00
Aetna 109.15
Berwyn 95.00
Provident Life 70.83
CITY OF HAVANA 9.42
ELECTRICITY EXCISE TAX 2,025.00
GALLATIN RIVER COMMUNICATION 129.72
PITNEY BOWES INC 116.00
SECURITAS SECURITY SERV 8,361.36
VERIZON WIRELESS 57.99
-------------
$ 17,436.37
WAGNER HAVANA, INC.
CASE NO. 04-67611
AT 3/31/05
HAVANA - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 342.00
Unadjusted GL Balance 342.00
----------
Difference $ -
==========
WAGNER HAVANA, INC.
OUTSTANDING CHECKS
CASE NO. 04-67611
DATE CHECK OUTSTANDING
11/12/2004 52197 $ 300.00
2/17/2005 52204 42.00
$ 342.00
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MARCH 31, 2005
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: APRIL 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.