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 APRIL 30, 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: MAY 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 4-30-05
($000's)
CASE # 04-67597
INTERMET
CORP(*)
----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 55,792 396,386
Cost of Goods Sold
Materials and Freight 21,073 135,957
Wages - Hourly 8,430 62,969
Wages-Salary 2,584 19,047
Employee Benefits and Pension 4,951 42,600
Repairs & Maintenance 2,631 18,160
Supplies 2,565 19,953
Utilities 2,887 22,941
Purchased Components/Services 3,859 28,459
Income(loss) from Pattern Sales (84) 810
Fixed Asset - (gain/loss) (20) 527
MIS Expense 263 1,672
Travel & Entertainment 56 374
Other Variable Costs 3,443 15,586
Depreciation & Amortization 2,740 19,507
Other Allocated Fixed Costs 275 2,497
Other Fixed Costs 1,277 8,222
------ --------
Cost of Goods Sold 56,930 399,281
Gross Profit (1,138) (2,895)
Plant SG&A Expense 173 990
SG&A Expense - Allocation (Sched 1) 2,458 23,109
Other Operating Expenses 76 196,574
------ --------
Total Operating Expenses 2,707 220,673
Operating Profit (3,845) (223,568)
Outside Interest Income 77 448
Outside Interest (Expense) (1,831) (12,803)
Intercompany Interest Income 1 6,012
Intercompany Interest (Expense) (1) (6,011)
Charges (From) Affiliates (1,651) (11,204)
Charges To Affiliates 1,723 11,691
Income/Loss From European Operations 557 4,375
Other Income/(Expense) (2,731) (10,587)
------ --------
Total Non-Operating Expenses (3,856) (18,079)
Income Before Income Taxes (7,701) (241,647)
Income Tax Expense 113 91
------ --------
Net Income (7,814) (241,738)
====== ========
* 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 April
(Allocation of Corporate Costs to Filing Entities)
(000's)
April
------
Officer Compensation $ 189
Salary Expense other Employees 923
Employee Benefits and Pension 106
Payroll Taxes 59
Other Taxes 3
Rent and Lease Expense 184
Interest Expense
Insurance 62
Automobile and Truck Expense 14
Utilities(Gas Electric, Phone) 64
Depreciation 87
Travel and Entertainment 78
Repairs and Maintenance 175
Advertising/Promotion 0
Supplies, Office Expense 19
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 53
Public Reporting Fees 11
Employee Relocation/Training 17
Data Processing 32
Dues and Subscriptions 9
Outside Services 146
Project Development Costs net of Billings 40
Director Fees 25
Miscellaneous 2
Legal Fees 28
Cost Allocation - Europe (78)
Cost Allocation - Out (140)
------
$2,458
======
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 805
------
Total $2,458
======
Intermet Corp. and Subsidiaries
Balance Sheet as of 4-30-05
($000's)
APRIL MARCH
CASE # 04-67597 CASE # 04-67597
INTERMET INTERMET
CORP (NOTE 1 & 3) CORP (NOTE 1)
----------------- ---------------
Cash And Equivalents $ 3,220 $ 2,301
Accounts Receivable 80,593 82,218
Short-Term Intercompany Receivables (7) (8)
Inventories 51,203 53,517
Other Current Assets 7,870 9,566
--------- ---------
TOTAL CURRENT ASSETS 142,879 147,594
Land and Buildings 114,039 113,968
Machinery & Equipment 405,842 407,632
Construction In Progress 6,662 5,333
--------- ---------
Total Fixed Assets 526,543 526,933
Accumulated Depreciation (336,663) (334,527)
--------- ---------
NET FIXED ASSETS 189,880 192,406
Investment In Subsidiaries (2) (2)
Investment In European Operations (Note 2) 92,780 93,839
Long-Term Intercompany Receivables 0 (3)
Deferred Taxes, Long-Term Asset (1,057) 661
Other Assets 17,785 21,936
--------- ---------
TOTAL ASSETS $ 442,265 $ 456,431
========= =========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 11,935 $ 9,020
Wages and Salaries (See schedule) 5,942 5,234
Taxes Payable - (See schedule) 6,419 5,381
--------- ---------
TOTAL POST PETITION LIABILITIES 24,296 19,635
SECURED LIABILITIES:
SECURED BANK DEBT 174,407 178,355
--------- ---------
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes 607 607
Accrued Tax - State (316) (313)
Accrued Property Taxes 156 156
Accrued Workers Comp 9,392 7,285
Accrued Payroll 2,753 2,843
Accrued Payroll Taxes 0 0
--------- ---------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 12,592 10,578
UNSECURED LIABILITIES
Accounts Payable 63,350 63,542
Senior & IDR Bonds 177,000 177,000
--------- ---------
TOTAL UNSECURED LIABILITIES 240,350 240,542
OTHER LIABILITIES
Accrued Liabilities 36,856 36,887
Short-Term Intercompany Payables 2 2
Capital Leases 321 364
Retirement Benefits 84,614 84,296
Deferred Taxes - Long-Term Liability (3,838) (3,838)
Other Long-Term Liabilities 7,010 6,980
Long-Term Intercompany Payables (1,084) (934)
0 0
--------- ---------
TOTAL LIABILITIES 575,526 572,867
Common Stock 2,605 2,605
Capital In Excess Of Par Value 36,201 36,201
Retained Earnings - Prepetition (Note 3) 8,831 8,831
Retained Earnings - Post Petition (Note 3) (253,253) (237,483)
Equity In European Operations 92,780 93,839
Accumulated Translation Adjustment 3,859 3,855
Minimum Pension Liability Adjustment (24,093) (24,093)
Unearned Restricted Stock (191) (191)
--------- ---------
TOTAL SHAREHOLDER EQUITY (133,261) (116,436)
--------- ---------
TOTAL LIABILITIES AND EQUITY $ 442,265 $ 456,431
========= =========
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's foreign subsidiaries.
Note 2:
Investment in European Operations is net of $41,985 in April and $41,842 in
March, 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.
Note 3:
As previously disclosed, Intermet Corporation is in the process of completing
its financial close and audit for the fiscal year ended December 31, 2004. In
connection with this process, preliminary adjustments have been made to Intermet
Corporation's tax provision, unamortized bond fees and year-end accruals.
The balance sheet presented for April 2005 reflects these preliminary year-end
adjustments to the December 31, 2004 balance sheet. Specifically, Retained
Earnings - Post-Petition has been reduced by $7.4 million and Equity in
European Operations has been reduced by $1.7 million as a result of these
preliminary adjustments. The audit of our financial statements for the fiscal
year ended December 31, 2004 is not yet complete and therefore it is possible
that further or revised adjustments to these financial statements may be
necessary.
PERIOD ENDED: 04-30-05 CASE #04-67597
INTERMET CORPORATION
CORPORATE BOOKS ONLY - NO SUBS
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
3/31/2005 Withheld Deposits 4/30/2005
------------ ------------ ---------- ------------
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 (410,077) (500,305) 491,309 (419,072)
State Taxes: Inc./Sales/Use/Excise (3,260,439) 279,304 0 (2,981,135)
Federal Taxes 2,281,446 (1,674,071) 0 607,375
Property Taxes (10,451) (1,600) 0 (12,051)
Workers Compensation (497,282) 0 0 (497,282)
------------ ------------ -------- ------------
Total ($1,896,803) ($1,896,672) $491,309 ($3,302,166)
Wages and Salaries (2,556,494) (362,915) 89,202 (2,830,207)
------------ ------------ -------- ------------
Grand Total ($4,453,297) ($2,259,587) $580,511 ($6,132,373)
============ ============ ======== ============
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 $2,035,892 $1,965,846 $70,046
Accounts Receivable N/A
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 4/30/2005
MONTHLY CASH STATEMENT
CASE # 04-67597
INTERMET CORPORATION
ACCOUNT TYPE CONCEN. CONCEN. CONCEN. DEPOSIT DEPOSITORY AP PR BENEFITS
ACCOUNT # 1054530796 1851811305 1599333 5401086482 1096643 2770716377 2770716716 502756
BANK Stan. Fed. Comerica Bank One Stan. Fed. Bank One Stan. Fed. Stan. Fed. Bank One
- ---------------------- ----------- ---------- ---------- ---------- ---------- ------------- ---------- --------
BEGINNING BANK BALANCE 1,243,072 310,217 253,516 -- -- -- -- --
RECEIPTS 10,284,069 4,835 -- 1,907,972 40,004 -- -- --
TRANSFERS IN 47,803,812 6,902,913 5,038,115 -- -- 1,511,101 580,011 --
DIP INFLOW 29,023,709 -- -- (115) -- -- -- --
DISBURSEMENTS (26,573,453) (34,072) (350,899) (1,907,857) -- (1,511,101) (580,011) --
A B C
TRANSFERS OUT (26,956,845) (5,986,539) (4,680,000) -- (40,004) -- -- --
DIP REPAYMENT (32,395,679) (1,028,030) -- -- -- -- -- --
----------- ---------- ---------- ---------- ------- ---------- -------- ---
ENDING BANK BALANCE 2,428,685 169,325 260,732 -- -- -- -- --
ACCOUNT TYPE MEDICAL - MALLOY BENEFITS METLIFE CHECKING ENVIRONMENTAL
ACCOUNT # 5402307572 611996 5402307564 1385313 400806.1
BANK Stan. Fed. Bank One Stan. Fed. Bank One Lasalle
- ---------------------- ---------------- -------- ---------- -------- -------------
BEGINNING BANK BALANCE -- -- -- -- 3,096,138
RECEIPTS -- -- -- -- 5,418
TRANSFERS IN -- -- 70,178 -- --
DIP INFLOW -- -- -- -- --
DISBURSEMENTS -- -- (70,178) -- (1,090)
TRANSFERS OUT -- -- -- -- --
DIP REPAYMENT -- -- -- -- --
--- --- ------- --- ---------
ENDING BANK BALANCE -- -- -- -- 3,100,466
CORPORATE DISBURSEMENTS PAID FOR CORPORATE
(INCLUDES CORPORATE PAYROLL OF $995,650) E 6,420,431
MATERIAL WIRES PAID BY CORPORATE ON BEHALF OF PLANTS 18,397,849
PAYROLL WIRES PAID BY CORPORATE ON BEHALF OF PLANTS 2,140,145
-----------
TOTAL WIRES & OTHER DISBURSEMENTS BY CORPORATE
(EXCLUDES CORPORATE CHECKS) D 26,958,425
CORPORATE CHECKS ISSUED PERTAINING TO CORPORATE E 1,739,119
CORPORATE CHECKS ISSUED PERTAINING TO PLANTS (DEBIT MEMOS) 166,955
-----------
TOTAL CORPORATE DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $28,864,499
===========
OUTSTANDING CHECKS AS OF MARCH 31 92,196
VOIDED CHECKS OUTSTANDING AS OF MARCH 31 --
CHECKS ISSUED DURING APRIL 1,906,074
CHECK CLEARED DURING APRIL (1,510,426) Excludes EFT of $675
----------- for Payroll Tax Fees
OUTSTANDING CHECKS AS OF APRIL 30 (SEE OUTSTANDING CHECKLIST) $ 487,845
===========
A 26,573,453 Standard Fed Concentration Disbursement
B 34,072 Comerica Concentration Disbursement
C 350,899 Bank One Concentration Disbursement
-----------
D $26,958,425
Sum of E $8,159,550 REPESENTS TOTAL DISBURSEMENTS PERTAINING TO CORPORATE
INTERMET CORPORATION
CASE # 04-67597
AT 4/30/05
CORPORATE - BANK RECONCILIATION
Bank Balance $ --
Actual Outstanding Checks 487,844.55
Misc Reconciling Items Adjusted in May (0.91)
-----------
487,843.64
Unadjusted GL Balance 487,843.64
-----------
Difference $ --
===========
INTERMET CORPORATION
OUTSTANDING CHECKS
CASE #04-67597
DATE CHECK OUTSTANDING
---- ----- -----------
10/22/04 91412 $ 503.39
12/29/04 92113 616.32
1/28/05 92417 616.32
2/4/05 92456 79.10
2/25/05 92698 616.32
3/24/05 92973 48.53
3/24/05 92984 40.00
4/1/05 93049 211.38
4/1/05 93070 616.32
4/8/05 93102 50.75
4/15/05 93166 312.48
4/15/05 93208 30.03
4/15/05 93211 79.83
4/15/05 93213 94.32
4/15/05 93221 2,359.95
4/15/05 93230 33,000.00
4/22/05 93250 1,048.58
4/22/05 93251 283.00
4/22/05 93255 2,417.42
4/22/05 93262 100.00
4/22/05 93263 838.00
4/22/05 93264 1,237.05
4/22/05 93266 4,995.00
4/22/05 93271 37.86
4/22/05 93275 127.15
4/22/05 93284 2,090.34
4/22/05 93286 252.31
4/22/05 93291 404.00
4/22/05 93294 1,909.70
4/28/05 93317 72.00
4/29/05 93322 233.45
4/29/05 93323 14,120.81
4/29/05 93324 40.67
4/29/05 93325 1,400.00
4/29/05 93326 1,727.93
4/29/05 93327 3,456.00
4/29/05 93328 85.82
4/29/05 93329 750.00
4/29/05 93330 403.64
4/29/05 93331 1,734.43
4/29/05 93332 938.32
4/29/05 93333 225.00
4/29/05 93334 1,056.63
4/29/05 93335 8,500.00
4/29/05 93336 184.00
4/29/05 93337 17.49
4/29/05 93338 12.43
4/29/05 93339 105.10
4/29/05 93340 66.69
4/29/05 93341 1,623.55
4/29/05 93342 68.50
4/29/05 93343 1,800.00
4/29/05 93344 212.93
4/29/05 93345 267.40
4/29/05 93346 16,831.97
4/29/05 93347 5,704.84
4/29/05 93348 280.56
4/29/05 93349 1,100.25
4/29/05 93350 19,512.14
4/29/05 93351 360.00
4/29/05 93352 30.00
4/29/05 93353 1,794.79
4/29/05 93354 2,367.86
4/29/05 93355 6,208.50
4/29/05 93356 676.97
4/29/05 93357 996.22
4/29/05 93358 274.05
4/29/05 93359 1,732.37
4/29/05 93360 495.77
4/29/05 93361 2,277.89
4/29/05 93362 360.00
4/29/05 93363 8,500.00
4/29/05 93364 9,000.00
4/29/05 93365 10,000.00
4/29/05 93366 181.35
4/29/05 93367 129.00
4/29/05 93368 14,362.00
4/29/05 93369 543.00
4/29/05 93370 109.29
4/29/05 93371 1,400.00
4/29/05 93372 1,506.92
4/29/05 93373 293.93
4/29/05 93374 179.36
4/29/05 93375 9,500.00
4/29/05 93376 11,000.00
4/29/05 93377 1,318.30
4/29/05 93378 160.00
4/29/05 93379 8,500.00
4/29/05 93380 747.00
4/29/05 93381 155.25
4/29/05 93382 6,759.26
4/29/05 93383 909.42
4/29/05 93384 3,322.00
4/29/05 93385 266.45
4/29/05 93386 14,750.00
4/29/05 93387 500.00
4/29/05 93388 5,565.63
4/29/05 93389 1,310.37
4/29/05 93390 1,231.37
4/29/05 93391 2,077.98
4/29/05 93392 903.38
4/29/05 93393 1,986.43
4/29/05 93394 71.15
4/29/05 93395 4,119.38
4/29/05 93396 2,208.00
4/29/05 93397 4,250.00
4/29/05 93398 616.32
4/29/05 93399 8,500.00
4/29/05 93400 4,621.18
4/29/05 93401 188.13
4/29/05 93402 10,710.00
4/29/05 93403 265.00
4/29/05 93404 14,273.58
4/29/05 93405 1,028.82
4/29/05 93406 565.04
4/29/05 93407 38.16
4/29/05 93408 426.11
4/29/05 93409 57,966.85
4/29/05 93410 54,362.00
4/29/05 93411 25,300.00
4/29/05 93412 26,044.72
$487,844.55
INTERMET CORPORATE CASE # 04-67597
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
AARON'S LOCK & KEY, INC. 113.29
ABC COKE 546,982.87
ACE AMERICAN INSURANCE CO. 83,793.41
A-COM PROTECTION SERVICES INC. 140.00
ADMINISTAR SERVICES GROUP, INC 16,161.88
ADP, INC. 497.35
AETNA U.S. HEALTHCARE 33,720.59
AFLAC 242.00
AICPA 40.67
ALABAMA POWER 834.20
ALCAN ALUMINUM CORPORATION 225,040.50
ALCOA ALUMINUM 1,623,796.20
ALEXANDER ELECTRIC CO. 1,196.08
ALFE HEAT TREATING 177,926.88
ALLIED MINERAL 30,664.97
ALTER TRADING 45,000.00
ALUAR ALUMINUM 516,799.87
AMG, INC. 2,800.00
AMTECH INTERNATIONAL GROUP, LTD 38,286.00
ANDREWS, THOMAS 9,354.75
ANX EBUSINESS 3,456.00
APPALACHIAN POWER 1,925.71
ARCET EQUIPMENT COMPANY 85.82
ARCH CONSULTING ASSOCIATES 750.00
ASNT 65.00
AT&T 260.18
AT&T-UNIVERSAL BILLER 1,109.19
ATMOS ENERGY 14.72
AUTOWEB COMMUNICATIONS, INC. 10,298.77
AVANTEXT, INC. 1,050.00
BANK OF NOVA SCOTIA 1,142,142.69
BARKING DOG STUDIOS 1,250.00
BECKER, MICHAEL S. 403.64
BEGLIN, JUSTIN 1,119.55
BEH SOUTHWEST MI REGIONAL 20.00
BEHR METALS 230,000.00
BELLSOUTH 2,641.14
BENT TUBE INC. 854.41
BENTONITE PERFORMANCE MINERALS 112,500.00
BERNARD E. WALLACE, JR. 900.00
BERWYN GROUP, THE 104.50
B-H TRANSFER 15,092.40
BLANCHARD CONSULTING, INC. 2,287.50
BLUE CROSS BLUE SHIELDS 1,945,127.05
BLUECAT NETWORKS CORPORATION 4,394.55
BODYCOTE 964.15
VENDOR TOTAL DISBURSEMENTS
------ -------------------
BRADDOCK METALLURGICAL 1,185.00
BRAMMER SAFETY SUPPLY 16.50
BROOKSTONE CENTRE PROPERTY 938.32
BRUECHERT, PAUL 41.25
BRYANT'S TREE SERVICE 600.00
BSW, INC. 50.00
BURGE, CRAIG 1,369.11
CACHEAUX, CAVAZOS & NEWTON 1,479.48
CARSON, FISCHER, P.L.C. 55,774.04
CAST METALS INSTITUTE, INC. 620.00
CCMA 214,477.05
CFI CHILD SUPPORT 38,426.90
CHARLES G. MCCLURE 8,500.00
CHICAGO SOFT 368.00
CINTAS CORPORATION 87.45
CITY OF HAVANA 12.43
CITY OF RADFORD 15,956.22
CLIENT SERVICES-ECM 210.20
COLUMBUS ROOFING INC. 109.00
COLUMBUS WATER WORKS 471.26
COM ED 1,623.55
COMERICA 39,909.96
COMPUWARE CORP 1,158.00
CONCENTRA MEDICAL CENTERS 205.50
CONVERCENT, INC 4,074.68
COR SOLUTIONS, INC. 29,281.98
CORNERSTONE SYSTEMS, INC. 5,700.00
CORPORATE PAYROLL 675.00
CORPORATE PAYROLL 300,578.39
COX, MICHAEL 918.69
CSM WORLDWIDE, INC. 7,200.00
CUSTOM CONTRACTING, INC. 2,500.00
DALTON'S SERVICES, INC. 3,600.00
DANA 233,882.00
DAVID L. AHO METALWORKING 16,218.75
DEAD SEA MAGNESIUM 846,345.51
DECATUR PAYROLL 812,376.28
DELL MARKETING L.P. 11,411.93
DETROIT LIONS, INC. 3,124.00
DEUTSCHE BANK 62,500.00
DICKSON ALLAN 24,772.45
DILLIN DEVELOPMENT CORP 955.00
DIMETEK 8,266.90
DISA (EQUIPMENT PURCHASE) 298,560.00
DME RR 46,686.84
DOWDLE GAS COMPANY 267.40
DRUSCHITZ, ALAN P. 1,441.58
DUN & BRADSTREET 345.60
DUNCAN AVIATION 93,672.09
DUNFIELD, KARLA 50.75
DYKEMA GOSSETT PLLC 40,414.51
EASTERN ALLOYS, INC. 240,738.16
VENDOR TOTAL DISBURSEMENTS
------ -------------------
EDWIN B. BRANCH 16,831.97
EGH/TIMBERLAND THREE L.L.C. 60,457.96
ELECTRONIC SECURITY SYSTEMS 383.00
ELKEM METALS, INC. 264,678.42
ENBRIDGE GAS SERVICES 64,994.27
ENTERPRISE FLEET SERVICES 16,818.35
EXEC-U-CARE 10,964.27
EXECUTIVE COFFEE SYSTEMS 1,061.75
FAIRMONT MINERALS 59,293.65
FEDERAL RESERVE BANK OF 500.00
FIDELITY INSTITUTIONAL 4,231.00
FIDELITY SAVINGS AND PROFIT PLAN 43,159.97
FINCH, WILLIAM D. 283.00
FITZGERALD, DAVID C. 7,600.77
FLIGHTSAFETY INTERNATIONAL 15,000.00
FOCAL COMM. OF MICHIGAN 478.49
FOLEY, LARDNER 578,263.29
FOSECO METALLURGICAL INC. 68,375.04
G & H DIVERSIFIED MFG 6,676.00
GANNETT FLEMING OF MI., INC. 2,509.04
GARRETT, JOE 1,100.25
GE CAPITAL 19,512.14
GEORGIA CHILD SUPPORT--FAMILY 360.00
GEORGIA DEPT OF REVENUE 717.50
GEORGIA POWER 2,726.50
GEORGIA SALES TAX - CFI 81,208.66
GERARD COMMUNICATIONS 2,245.00
GIERC, DANIEL 1,762.29
GILLILAND, TIM 4,133.63
GLOBAL ENGINEERING DOCUMENTS 177.00
GLOBAL EXCHANGE SERVICES 1,794.79
GLOBE 439,332.30
GOPAL, NANDA P N 3,767.22
GROUNDWATER & ENVIRONMENTAL 12,515.91
HA INTERNATIONAL LLC 190,528.46
HALL, KEVIN W. 612.20
HEAVIN, TODD 1,831.95
HEMING, DANIEL 870.48
HENRY, CHAD 954.84
HIBBING LOCKBOX BOUNCED CHECK 10,250.00
HOOVER, ROB 532.30
HOWARD & HOWARD 1,114.50
HYDRO MAGNESIUM 328,180.11
HYDRO MAGNESIUM (NORSK HYDRO) 131,975.41
HYLTON, CHARLES 740.13
IBM CORPORATION 36,664.00
ICS 274.05
IKON FINANCIAL SERVICES 4,283.66
IKON OFFICE SOLUTIONS 1,127.06
IMCO RECYCLING 570,752.80
IMPECCABLE MACHINING, INC. 13,659.75
INDUSTRIAL DEVELOPMENT BOARD 200.00
VENDOR TOTAL DISBURSEMENTS
------ -------------------
INN LYNN LYNCHBURG AIRPORT 172.18
INSTRUMENT CALIBRATION & TECH 210.00
INTERCALL 495.77
IRON MOUNTAIN RECORDS MGMT 259.98
IRVIN, LESLIE B 2,551.12
ITC DELTACOM 2,277.89
J.W. MARTIN 371.70
JACKSON, SHIELDS, YEISER, HOLT 406.26
JEPPESEN SANDERSON 89.00
JESSE WHITE SECRETARY OF STATE 100.00
JOCK ABELL LANDSCAPING 360.00
JOHN HANCOCK FINANCIAL SVCS. 8,650.00
JOHN P. CRECINE 8,500.00
JOHN R. HORNE 9,000.00
JP MORGAN CHASE BANK, N.A. 167,997.99
JULIA D. DARLOW 10,000.00
KFORCE 15,250.00
KLEIN, KYLE 159.16
KPMG 300,000.00
KUZINSKI, MARK 1,286.65
L & L SPECIAL FURNACE CO., INC 75.00
LAEMPE + REICH COMPANIES 24,874.29
LAEMPE REICH CORP 7,042.46
LAND TRANSPORTATION 146,329.57
LARPEN METALLURGICAL SERVICE 145,620.00
LAW.COM 129.00
LEONARD BROS. DATA MANAGEMENT 285.39
LIBERTY MUTUAL 14,362.00
LINA 1,086.00
LISIO, JOHN 1,237.05
LONGHURST, JOHN 1,546.32
LORENZ, CHAD 1,998.58
LOVELL, TONY 1,055.70
LUMPKIN, LINDA 4,995.00
MACIOCE, RAPHAEL 109.29
MAGMA FOUNDRY TECHNOLOGIES 22,500.00
MAINLINE INFORMATION SYSTEMS 2,800.00
MALECKI, ELIZABETH 1,506.92
MALLOY - 611996 140,165.96
MARTIN, J.W. 74.31
MARTINEZ, FRED 2,473.69
MASTER GAGE & TOOL 800.00
MCCOLLUM, WILLIAM E. 6,202.19
MCDONALD, MATT 3,076.11
MCI 543.22
MCMASTER-CARR SUPPLY CO. 179.36
MEDCO HEALTH 450,819.66
MERCER HUMAN RESOURCE 105,931.00
MERRILL CONSULTANTS 1,500.00
METALLURG 26,824.75
METLIFE 9,919.36
METLIFE DENTAL 70,178.16
VENDOR TOTAL DISBURSEMENTS
------ -------------------
MIDLAND INDUSTRIES, INC. 82,106.87
MILBANK TWEED HADLEY MCCLOY LLP 206,639.90
MILLER & CO. 316,939.04
MILLER, ALAN 49.70
MINNEAPOLIS PAYROLL 311,819.23
MINNESOTA FIT & FEDERAL EMPLOYMENT 90,295.87
MINNESOTA SALES TAX & STATE INCOME TAX 10,642.17
MISSOURI DEPT OF REVENUE 33,000.00
MISSOURI SECRETARY OF STATE 45.00
MITSUNOBU TAKEUCHI 9,500.00
MONROE PAYROLL 1,015,949.50
MOORE, TERRY 424.93
MOORE'S MACHINE CO. INC. 1,200.00
NATIONAL MATERIAL TRADING 162,124.61
NATIONAL MATERIAL TRADING 5,450.00
NELSON ELECTRIC 2,200.00
NEMSHICK, DAVID 37.86
NETHERLANDS EURO EXCHANGE 53,265.27
NORANDA ALUMINUM 159,255.36
NORFOLK SOUTHERN 80,000.00
NORMAN F. EHLERS 11,000.00
NORTH AMERICAN DIE CASTING 2,825.00
OESA 425.00
OFFICE DEPOT, INC. 4,613.84
OFFICE INSTALLATIONS, INC. 480.00
OHIO SCREW PRODUCTS 25,037.00
OMNISOURCE CORPORATION - COPPER 219,880.00
OMNISOURCE CORPORATION - STEEL 4,976,719.89
ONEOK ENERGY MARKETING 43,908.73
PAMELA E. RODGERS 8,500.00
PAMS, GENE 234.48
PAPA ROMANO 72.00
PARKER HANNIFIN 24,767.14
PATZWALDT, JEFF 844.34
PBCC 3.73
PECSENYE, TIMOTHY 1,020.87
PENNSYLVANIA SCDU 1,494.00
PEROT SYSTEMS 118,138.66
PITNEY BOWES 155.25
PLANTERRA GREENHOUSES 87.00
PLASKO, RANDALL 543.66
PLYMOUTH WAYNE, INC. 18.70
PORTER WARNER INDUSTRIES 34,682.98
PR NEWSWIRE ASSOCIATION, LLC 1,099.20
PRIMEDIA BUSINESS 2,230.00
PRIMETRADE, INC. 626,702.66
PROVIDENT LIFE & ACCIDENT INS 13,598.25
PRUCHA, TOM 1,147.33
PUTNAM 401K 92,736.77
RAR HOLDINGS, INC. 3,322.00
REED, SIDNEY LYNN 282.37
REINHART,BOERNER,VAN DEUREN, 266.45
VENDOR TOTAL DISBURSEMENTS
------ -------------------
RETIREE MEDICAL 115.00
RICHARD A. NAWROCKI 14,750.00
RIDLEY'S BAKERY CAFE 746.00
ROBERT HALF TECHNOLOGY 25,260.63
ROBERTS, DONALD 2,685.13
RUFF, GARY F. 400.92
RUTHERFORD, JOHN 1,346.36
SANDERS, S. DAVID 465.60
SBC 358.02
SCHELLHASE, DAN 5,859.28
SEAGIL SOFTWARE COMPANY 712.50
SECURITAS SEC. SVCS. USA, INC. 4,168.32
SENIORSCRIPS 2,470.00
SHAW, ROBERT 166.82
SHOWALTER, ERIC 1,155.69
SHRED-IT DETROIT 79.80
SILBERT, RICHARD 1,671.91
SIMPLEXGRINNELL LP 1,937.00
SOCHOR, NATHAN 94.32
SOUTHERN MAINTENANCE SUPPLY 183.56
SOUTHERN PRECISION SANDS, INC 362.48
SPARTAN LIGHT METAL PRODUCTS 69,126.90
SPECTRO ALLOYS CORPORATION 1,986,497.21
SPRAY-RITE 64,920.50
SPRINT 45,104.39
SPRINT CONFERENCING SERVICES 2,009.30
SPROUSE, JANE 322.06
SQUIRE,SANDERS & DEMPSEY LLP 8,509.39
SRI QUALITY SYSTEM REGISTRAR 7,736.70
STANDARD FEDERAL 15,888.85
STATE OF MICHIGAN 868.35
STERLING COMMERCE-73199 1,668.61
STRATEGIC TECHNOLOGIES 2,208.00
SUN TRUST BANK 2,501.77
SUNGARD AVAILABILITY SERVICES 834.00
SUPERIOR GRAPHITE CO. 24,153.76
SUPREME CORES 12,291.00
TALX CORPORATION 4,250.00
TENNESSEE DEPT OF REVENUE 45,800.00
TENPAS, DALE 97.00
TERMINIX INTERNATIONAL 32.00
TETERBORO AIRPORT 404.00
THE FARMERS BANK OF APPOMATTOX 1,232.64
THOMAS H. JEFFS II 8,500.00
THYSSEN SPECIALTY STEELS, INC. 1,738.78
TINNERMAN PALNUT 33,315.71
T-MOBILE 145.41
TOYOTA TSUSHO 46,520.99
TRADEWINDS AVIATION 11,368.67
TRANS MAN LOGISTICS, INC. 603,768.22
TROUTMAN SANDERS LLP 14,503.25
TSBY RR 70,407.96
VENDOR TOTAL DISBURSEMENTS
------ -------------------
U.S. BANK TRUST 125.00
U.S. TRUSTEE 90,750.00
UGS CORP. 188.13
UMETCO INC. 84,210.00
UNIMIN CORPORATION 30,790.00
UNITED AMERICAN INSURANCE CO. 37,927.00
UNITED STATES POSTAL SERVICE 2,000.00
UNITED WAY OF CENTRAL VIRGINIA 530.00
US MAGNESIUM LLC 871,739.49
VALLEY FASTENERS 27.73
VALUE OPTIONS 23,988.27
VALUEOPTIONS, INC 14,273.58
VANGUARD 158,931.40
VANGUARD GROUP 401K 246,913.97
VASS, S. REID 3,453.12
VERIZON 3,815.94
VERIZON WIRELESS 2,395.26
VERIZON WIRELESS MESSAGING SVC 27.75
VERIZON WIRELESS-GREAT LAKES 2,359.95
VESUVIUS 19,425.38
VIRGINIA DEPT. OF TAXATION 38.19
VISUAL IMPRESSIONS 434.60
VOSS, DAVID 641.23
WALKER, SEAN 1,103.82
WASTE MANAGEMENT 565.04
WAYNE BOOTH INVESTMENTS 25,300.00
WEBAC GMBH 67,527.52
WESTMORELAND MECHANICAL 1,752.00
WHEELABRATOR ABRASIVES 98,530.00
WILEY AND WILSON 4,900.00
WINKLE, TOM 1,287.55
WOODLAND CAFE 230.76
WOODS, ROGERS & HAZLEGROVE PLC 4,832.92
XEROX CORPORATION 426.11
XOSA SYSTEMS INC 400.00
YXLON INTERNATIONAL INC. 26,044.72
ZEIMET, RANDY 1,915.48
--------------
$28,864,498.64
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: APRIL 30, 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: MAY 20, 2005 ___________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Form 6
Intermet Corporation
Month Ended April 30, 2005
GARY ROBERT E. TIMOTHY R. JOHN B. TODD THOMAS E.
NAME: RUFF BELTS GILLILAND RUTHERFORD HEAVIN PRUCHA
- ----- -------------- ---------- ---------------- ---------- ---------- ------------
Chairman & CEO VP Finance VP-Sales & VP-Ferrous VP-Technical
JOB DUTIES: Director and CFO VP-Light Metals Marketing Metals Services
(MONTHLY) COMPENSATION: $41,667 $21,667 $16,667 $16,667 $17,500 $14,583
--------- --------- --------- --------- --------- ---------
BENEFITS PAID:
Health Insurance 772 772 546 546 772 546
Exec-U-Care 358 358 358 358 358 358
Long Term Disability 142 142 142 142 142 124
Life Insurance 364 190 148 148 154 128
Deferred Comp
Retirement -- -- -- -- -- --
Company Vehicle 1104 850 850 850 855 722
Cell Phone 62 85 62
(EXPENSE REIMBURSE):
Meals & Entertainment 251 71 564 118
Travel 129 3749 1275 1268 931
Communications (cell phone,
internet on travel, etc 272 133 58
Dues & Subscriptions
Misc--Conference 41
OTHER PAYMENTS:
Rents Paid
Loans
Other (Describe)
Social Club Membership dues
Dues & Subscriptions
--------- --------- --------- --------- --------- ---------
TOTAL OF ALL PAYMENTS 44,808 24,041 22,844 20,142 21,675 17,609
========= ========= ========= ========= ========= =========
ALAN J. BYTHA GREG MICHAEL
NAME: MILLER MILLS WAHOWIAK SKRZYPCAK MARY JO KARJALA TOTAL
- ----- ------------------- ----------------- ---------------- ---------- --------------- ----------
VP, General Counsel Business Systems
JOB DUTIES: Ass't Secretary VP-Administration Director Treasurer Secretary
(MONTHLY) COMPENSATION: $18,750 $12,500 $11,917 $10,832 $6,000 188,750
--------- --------- --------- --------- -------- ---------
BENEFITS PAID:
Health Insurance 546 284 487 772 546 6,589
Exec-U-Care 358 358 358 -- -- 3,222
Long Term Disability 142 106 101 92 51 1,326
Life Insurance 164 109 103 94 54 1,656
Deferred Comp 0
Retirement -- -- -- -- -- 0
Company Vehicle 850 850 650 -- -- 7,581
Cell Phone 84 41 334
(EXPENSE REIMBURSE): 0
Meals & Entertainment 1,004
Travel 50 7,402
Communications (cell phone,
internet on travel, etc 463
Dues & Subscriptions 0
Misc--Conference 41
OTHER PAYMENTS: 0
Rents Paid 0
Loans 0
Other (Describe) 0
Social Club Membership dues 0
Dues & Subscriptions 129 41 170
--------- --------- --------- --------- -------- ---------
TOTAL OF ALL PAYMENTS 20,989 14,207 13,741 11,832 6,651 218,538
========= ========= ========= ========= ======== =========
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 APRIL 30, 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: MAY 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 4/30/05
($000's)
CASE # 04-67599
ALEXANDER
CITY CASTING CO.
----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales -- --
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 (1) 67
Depreciation & Amortization -- --
Other Allocated Fixed Costs -- --
Other Fixed Costs -- --
--- ------
Cost of Goods Sold (1) 67
Gross Profit 1 (67)
Plant SG&A Expense -- --
SG&A Expense - Allocation (Sched 1) -- --
Other Operating Expenses 2 1,582
--- ------
Total Operating Expenses 2 1,582
Operating Profit (1) (1,649)
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 (1) (1,648)
Income Tax Expense 1 7
--- ------
Net Income (2) (1,655)
=== ======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs April
(Allocation of Corporate Costs to Filing Entities)
(000's)
April
-------
Officer Compensation $ 189
Salary Expense other Employees 923
Employee Benefits and Pension 106
Payroll Taxes 59
Other Taxes 3
Rent and Lease Expense 184
Interest Expense
Insurance 62
Automobile and Truck Expense 14
Utilities(Gas Electric,Phone) 64
Depreciation 87
Travel and Entertainment 78
Repairs and Maintenance 175
Advertising/Promotion 0
Supplies, Office Expense 19
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 53
Public Reporting Fees 11
Employee Relocation/Training 17
Data Processing 32
Dues and Subscriptions 9
Outside Services 146
Project Development Costs net of Billings 40
Director Fees 25
Miscellaneous 2
Legal Fees 28
Cost Allocation - Europe (78)
Cost Allocation - Out (140)
------
$2,458
======
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 805
------
Total $2,458
======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 4-30-05
($000's)
CASE # 04-67599
ALEXANDER
CITY CASTING CO.
----------------
Cash And Equivalents $ --
Accounts Receivable --
Short-Term Intercompany Receivables --
Inventories 133
Other Current Assets --
--------
TOTAL CURRENT ASSETS 133
Land and Buildings 537
Machinery & Equipment 1,592
Construction In Progress --
--------
Total Fixed Assets 2,129
Accumulated Depreciation (1,572)
--------
NET FIXED ASSETS 557
Investment In Subsidiaries --
Investment In European Operations --
Long-Term Intercompany Receivables --
Deferred Taxes, Long-Term Asset --
Other Assets --
--------
TOTAL ASSETS 690
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable --
Wages and Salaries (See schedule) --
Taxes Payable - (See schedule) 1
--------
TOTAL POST PETITION LIABILITIES 1
SECURED LIABILITIES:
SECURED BANK DEBT --
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes --
Accrued Tax - State --
Accrued Property Taxes --
Accrued Workers Comp. --
Accrued Payroll --
Accrued Payroll Taxes --
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES --
UNSECURED LIABILITIES
Accounts Payable --
Senior & IDR Bonds --
--------
TOTAL UNSECURED LIABILITIES --
OTHER LIABILITIES
Accrued Liabilities 151
Short-Term Intercompany Payables --
Capital Leases --
Retirement Benefits --
Deferred Taxes - Long-Term Liability --
Other Long-Term Liabilities --
Long-Term Intercompany Payables 36,954
Minority Interest --
--------
TOTAL LIABILITIES 37,106
Common Stock 10
Capital In Excess Of Par Value 90
Retained Earnings - Prepetition (34,861)
Retained Earnings - Post Petition (1,655)
Equity In European Operations
Accumulated Translation Adjustment --
Minimum Pension Liability Adjustment --
Unearned Restricted Stock --
--------
TOTAL SHAREHOLDER EQUITY (36,416)
--------
TOTAL LIABILITIES AND EQUITY $ 690
========
PERIOD ENDED: 04-30-05 ALEXANDER CITY CASTING CO., INC. CASE #04-67599
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
3/31/2005 Withheld Deposits 4/30/2005
--------- --------- ---------- ---------
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 $2,274 $0 ($1,242) $1,032
Property Taxes $ 0 $0 $ 0 $ 0
$ 0
Workers Compensation 0 0 0 0
------ --- -------- ------
Total $2,274 $0 ($1,242) $1,032
Wages and Salaries 0 0 0 0
------ --- -------- ------
Grand Total $2,274 $0 ($1,242) $1,032
====== === ======== ======
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post petition) 0-30 Days 30-60 Days Over 60 Days
- ---------------------------- --------- ---------- ------------
Accounts Payable $0 $0 $0
Accounts Receivable $0 $0 $0
MONTHLY CASH STATEMENT
Period Ending: APRIL 30, 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: MAY 20, 2005 ________________________________________
Debtor in Possession
Form 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: APRIL 30, 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: MAY 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 APRIL 30, 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: MAY 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 4/30/05
($000's)
CASE #04-67605
CAST-MATIC
CORP
----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 3,978 25,700
Cost of Goods Sold
Materials and Freight 2,378 15,026
Wages - Hourly 304 1,858
Wages-Salary 135 943
Employee Benefits and Pension 78 704
Repairs & Maintenance 254 749
Supplies 197 1,362
Utilities 109 768
Purchased Components/Services 227 1,228
Income(loss) from Pattern Sales -- --
Fixed Asset - (gain/loss) -- --
MIS Expense 14 71
Travel & Entertainment 4 16
Other Variable Costs 133 978
Depreciation & Amortization 158 1,125
Other Allocated Fixed Costs -- (2)
Other Fixed Costs 92 587
----- ------
Cost of Goods Sold 4,083 25,413
Gross Profit (105) 287
Plant SG&A Expense -- --
SG&A Expense - Allocation (Sched 1) 82 557
Other Operating Expenses -- 55
----- ------
Total Operating Expenses 82 612
Operating Profit (187) (325)
Outside Interest Income -- --
Outside Interest (Expense) -- --
Intercompany Interest Income -- --
Intercompany Interest (Expense) (69) (334)
Charges (From) Affiliates -- --
Charges To Affiliates -- --
Income/Loss From European Operations -- --
Other Income/(Expense) 1 10
----- ------
Total Non-Operating Expenses (68) (324)
Income Before Income Taxes (255) (649)
Income Tax Expense 9 112
----- ------
Net Income (264) (761)
===== ======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs April
(Allocation of Corporate Costs to Filing Entities)
(000's)
April
------
Officer Compensation $ 189
Salary Expense other Employees 923
Employee Benefits and Pension 106
Payroll Taxes 59
Other Taxes 3
Rent and Lease Expense 184
Interest Expense
Insurance 62
Automobile and Truck Expense 14
Utilities(Gas Electric,Phone) 64
Depreciation 87
Travel and Entertainment 78
Repairs and Maintenance 175
Advertising/Promotion 0
Supplies, Office Expense 19
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 53
Public Reporting Fees 11
Employee Relocation/Training 17
Data Processing 32
Dues and Subscriptions 9
Outside Services 146
Project Development Costs net of Billings 40
Director Fees 25
Miscellaneous 2
Legal Fees 28
Cost Allocation - Europe (78)
Cost Allocation - Out (140)
------
$2,458
======
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 805
------
Total $2,458
======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 4-30-05
($000's)
CASE #04-67605
CAST-MATIC
CORP
--------------
Cash And Equivalents $ --
Accounts Receivable 6,399
Short-Term Intercompany Receivables 24
Inventories 2,601
Other Current Assets 138
-------
TOTAL CURRENT ASSETS 9,162
Land and Buildings 2,889
Machinery & Equipment 17,062
Construction In Progress 1,336
-------
Total Fixed Assets 21,287
Accumulated Depreciation (7,041)
-------
NET FIXED ASSETS 14,246
Investment In Subsidiaries --
Investment In European Operations --
Long-Term Intercompany Receivables --
Deferred Taxes, Long-Term Asset --
Other Assets --
-------
TOTAL ASSETS 23,408
=======
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable 938
Wages and Salaries (See schedule) 123
Taxes Payable - (See schedule) 201
-------
TOTAL POST PETITION LIABILITIES 1,262
SECURED LIABILITIES:
SECURED BANK DEBT --
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes --
Accrued Tax - State --
Accrued Property Taxes --
Accrued Workers Comp --
Accrued Payroll --
Accrued Payroll Taxes --
-------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES --
UNSECURED LIABILITIES
Accounts Payable 3,213
Senior & IDR Bonds --
-------
TOTAL UNSECURED LIABILITIES 3,213
OTHER LIABILITIES
Accrued Liabilities 371
Short-Term Intercompany Payables 558
Capital Leases --
Retirement Benefits --
Deferred Taxes - Long-Term Liability --
Other Long-Term Liabilities --
Long-Term Intercompany Payables 17,638
Minority Interest --
-------
TOTAL LIABILITIES 23,042
Common Stock --
Capital In Excess Of Par Value 2,109
Retained Earnings - Prepetition (982)
Retained Earnings - Post Petition (761)
Equity In European Operations
Accumulated Translation Adjustment --
Minimum Pension Liability Adjustment --
Unearned Restricted Stock --
-------
TOTAL SHAREHOLDER EQUITY 366
-------
TOTAL LIABILITIES AND EQUITY $23,408
=======
PERIOD ENDED: 04-30-05 CAST-MATIC CORP. CASE #04-67605
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
3/31/2005 Withheld Deposits 4/30/2005
--------- --------- ---------- ---------
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 6,353 922 0 7,275
Unemployment Tax: Federal 138 (86) 0 53
Unemployment Tax: State 2,189 (1,433) 0 756
All Other Payroll W/H 0 0 0 0
State Taxes: Inc./Sales/Use/Excise 53,038 62,384 0 115,422
Property Taxes 55,500 18,500 0 74,000
Workers Compensation 3,700 119 (119) 3,700
-------- -------- ------ --------
Total $120,918 $ 80,407 ($119) $201,206
Wages and Salaries 65,220 58,259 0 123,479
-------- -------- ------ --------
Grand Total $186,138 $138,666 ($119) $324,685
======== ======== ====== ========
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 $ 938,476 $ 938,476 $ 0 $ 0
Accounts Receivable $6,087,430 $4,036,251 $2,013,641 $37,538
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS: MONTHLY CASH STATEMENT
MONTH ENDED 4/30/2005
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 1,742,131 463,511 -- -- -- -- 358
TRANSFERS IN (CORPORATE) -- -- -- 708,100 176,879 316,576 77,613
DIP INFLOW -- -- -- -- -- -- --
DISBURSEMENTS -- -- -- (708,100) (176,879) (316,576) (77,613)
TRANSFERS OUT (CORPORATE) (1,742,131) (463,511) -- -- -- -- (358)
DIP REPAYMENT -- -- -- -- -- -- --
---------- -------- --- -------- -------- -------- -------
ENDING BANK BALANCE -- -- -- -- -- -- (0.00)
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 2,317,837
CHECKS ISSUED 1,102,598
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 426,534
CORPORATE DEBIT MEMOS 18,822
----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $3,865,791
==========
OUTSTANDING CHECKS AS OF MARCH 31 179,544
VOIDED CHECKS OUTSTANDING AS OF MARCH 31 --
CHECKS ISSUED DURING APRIL 1,102,598
CHECK CLEARED DURING APRIL (884,979) Includes checks clearing from Comerica above.
----------
OUTSTANDING CHECKS AS OF APRIL 30 (SEE OUTSTANDING CHECKLIST) $ 397,163
==========
CAST-MATIC CORPORATION
CASE NO. 04-67605
AT 4/30/05
STEVENSVILLE - BANK RECONCILIATION
Bank Balance $ --
Outstanding AP Checks $397,162.81
Misc. reconiling items adjusted in May (52,215.53)
-----------
344,947.28
Unadjusted GL Balance 344,947.28
-----------
Difference $ --
===========
CAST-MATIC CORPORATION
CASE NO. 04-67605
STEVENSVILLE
OUTSTANDING CHECKS
CASE NO. 04-67605
DATE CHECK OUTSTANDING
---- ----- -----------
3/3/2005 42745 $ 1,100.00
3/31/2005 43014 1,564.92
4/4/2005 50035 214.36
4/14/2005 50120 331.96
4/18/2005 50176 425.17
4/19/2005 50179 729.11
4/19/2005 50181 1,080.48
4/20/2005 50192 2,904.14
4/20/2005 50193 386.30
4/22/2005 50199 841.87
4/21/2005 50207 298.94
4/21/2005 50211 142.79
4/21/2005 50220 1,091.49
4/21/2005 50223 136.22
4/22/2005 50247 620.71
4/25/2005 50250 290.75
4/25/2005 50252 130.00
4/25/2005 50254 1,169.80
4/26/2005 50256 46,110.00
4/26/2005 50260 114.12
4/27/2005 50261 653.09
4/27/2005 50262 9,601.50
4/27/2005 50263 6,448.96
4/27/2005 50264 4,956.41
4/27/2005 50265 261.01
4/28/2005 50267 88.05
4/28/2005 50268 243.37
4/28/2005 50269 5,078.00
4/28/2005 50270 54.85
4/28/2005 50271 134.00
4/28/2005 50272 21.17
4/28/2005 50273 621.22
4/28/2005 50274 202.00
4/28/2005 50275 145.00
4/28/2005 50276 3,378.25
4/28/2005 50277 83.10
4/28/2005 50278 286.93
4/28/2005 50279 99.90
4/28/2005 50280 218.25
4/28/2005 50281 450.34
4/28/2005 50282 200.30
4/28/2005 50284 365.50
4/28/2005 50285 1,122.21
4/28/2005 50286 540.14
4/28/2005 50287 302.60
4/28/2005 50288 682.30
4/28/2005 50289 8,525.00
4/28/2005 50290 1,270.54
4/28/2005 50291 97.75
4/28/2005 50292 1,079.91
4/28/2005 50293 625.08
4/28/2005 50294 695.00
4/28/2005 50295 1,572.00
4/28/2005 50296 411.45
4/28/2005 50297 710.85
4/28/2005 50298 165.23
4/28/2005 50299 468.81
4/28/2005 50300 517.78
4/28/2005 50301 188.50
4/28/2005 50302 32,253.40
4/28/2005 50303 49.71
4/28/2005 50304 422.59
4/28/2005 50305 28.00
4/28/2005 50306 487.50
4/28/2005 50307 8,369.41
4/28/2005 50308 86.45
4/28/2005 50309 30.74
4/28/2005 50310 170.53
4/28/2005 50311 70.40
4/28/2005 50312 3064.87
4/28/2005 50313 6765.48
4/28/2005 50314 53.74
4/28/2005 50315 977.5
4/28/2005 50316 315
4/28/2005 50317 250.32
4/28/2005 50318 218572
4/28/2005 50319 8563.5
4/28/2005 50320 207.98
4/28/2005 50322 96.48
4/28/2005 50323 227.5
4/28/2005 50324 116.31
4/28/2005 50325 2203
4/29/2005 50326 1212.05
4/29/2005 50327 318.87
$397,162.81
CAST-MATIC CORP. CASE NO. 04-67605
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
ACE HARDWARE $ 1,143.28
ACE INSURANCE 17,614.27
ACE PLUMBING & HEATING OF ST. JOE 278.96
ADAMS REMCO 2,035.89
ADP, INC 1,785.41
AIR TECH ENGINEERING 5,078.00
ALCAN 225,040.50
ALCOA 1,623,796.20
ALFE HEAT TREAT 177,926.88
ALPHA RESOURCES 187.99
ALRO STEEL CORPORATION 1,496.35
ALUAR 258,607.15
ALVAN MOTOR FREIGHT 256.17
AMERICAN ELECTRIC POWER 30,532.20
ANDERSON GLOBAL 30,071.55
ANITBUS SCALES & SYSTEMS 28.57
AQUILA 6,765.48
ARAMARK UNIFORMS SERVICES, INC 2,698.08
ARROW HEALTH & SAFETY 290.75
ASI DATAMYTE, INC 512.62
ASSOCIATED BAG 476.89
AUTOMATION DIRECT.COM 261.00
AUTOMOTIVE NEWS 145.00
BAR CODE SOLUTIONS 6,388.00
BASTIAN MATERAL HANDLING 500.80
BAX GLOBAL 653.09
BEACON OPERATIONS CENTER 15,806.19
BEN DELLAY 246.81
BERRIEN COUNTY MANUFACTURERS COUNCIL 100.00
BILL JACKSN 40.00
BOND FLUIDARIE, INC 197.10
BRAMMALL SUPPLY CO 1,578.67
BUEHLER 142.79
BURCHETT QUALITY TOOL 12,492.00
C & E MACHINE TOOL 1,600.00
C. B. DEKORNE 218.04
CHARLEVOIX ENERGY TRADING 79,059.98
CHEMSTATION 1,060.00
CONDAT 2,673.00
CONNECTION SERVICE 168.53
COUNTRY KITCHEN 159.00
COVERALL OF WEST MICHIGAN 1,320.00
CPC 20,460.00
CREATIVE FINANCIAL STAFFING 25,088.00
CAST-MATIC CORP. CASE NO. 04-67605
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
CUSTOM MOLD 2,250.28
D & D MACHINERY 24,900.00
DEBRA RAULS 50.00
DIMETEK 8,266.90
DME CO 425.17
DONALDSON CO 114.12
DOUBLEDAY OFFICE PRODUCTS, INC 1,443.12
DYNAMIC INT'L 46,110.00
EARTHSCAPES LANDSCAPING, INC 397.30
EDGEWATER GIFTS 139.15
EIS, INC 930.90
E-JAY THERMO PRODUCTS, INC 900.20
FLOYD BARNES 340.70
G.L. WASKO 357.50
GEO T. SCHMIDT, INC 116.24
GLOBAL EXCHANGE SERVICES 39.08
GOLDEN'S FOUNDRY AND MACHINE 3,540.90
GREAT LAKES AUTOMATION 1,428.11
GRIFFIN TOOL, INC 15,915.00
H & H EXPRESS, LLC 6,490.21
H & J FLORIST 60.42
HECO, INC 1,001.00
HELPMATE 540.14
HERSCHALL PRODUCTS 337.65
HOWARD WALTHER 80.00
HULL LIFT TURCKS, INC 212.22
HYDRACT, INC 682.30
ICAT LOGISTICS 651.36
IKON OFFICE 289.68
INDUSTRIAL FIREBRICK CORP 689.00
INDUSTRIAL GYPSUM CO., INC 740.00
INDUSTRIAL SOLUTIONS 11,720.84
INNERSPEC TECHNOLOGIES, INC 701.89
INOVIS, INC 2,090.00
J & L INDUSTRIAL 6,682.14
JACKSON, SHIELDS, YEISER, HOLT 811.50
JEFF BANKS 302.48
JERZ MACHINE TOO CORP 37,805.00
JMB PROPERTY TAX CONSULTING 14,124.00
JOHN'S WORKBENCH 5,199.82
KEENER SAND & CLAY CO 880.00
KENDALL ELECTRIC, INC 6,955.89
KENT REDBECK 480.00
KIMBALL MIDWEST, INC 75.77
KMH SYSTEMS 1,270.54
CAST-MATIC CORP. CASE NO. 04-67605
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
LAKELAND HOSPITALS 97.75
M & I MACHINE 12,351.00
MARTIN FLUID POWER 208.48
MCMASTER-CARR SUPPLY CO 3,649.03
METALLURG 16,206.75
MICHIGAN SHIPPERS SUPPLY 109.22
MITTLER SUPPLY, INC 2,783.91
MOLTEN METAL EQUIPMENT INNOVATIONS, INC 9,790.00
MOTION INDUSTRIES 11,276.74
MSC INDUSTRIAL 1,185.16
NATIONAL ELEMENT 2,904.14
NEFF ENGINEERING CO 550.85
NEWARK IN ONE 294.63
NMGH FINANCIAL SERVICES 710.85
OKK 21,112.84
OMEGA ENGINEERING, INC 468.81
ONDRAKA MANAGEMENT ENTERPRISES, LLC 645.00
PAYROLL (INCLUDES AMOUNTS PAID BY CORPORATE) 426,534.12
PC UNIVERSE 1,432.24
PEBBLEWOOD RESTAURANT 300.00
PETTY CASH 498.70
POOCH WLEDING SUPPLY CO 3,779.33
PORT MANATEE FORESTRY TERMINAL 875.00
PRIMET FLUI POWER 120.50
PROCESS ENGINEERING & EQUIPMENT CO 373.50
PRODUCTION TOOL SUPPLY 91.51
PROVIDENT LIFE 106.25
PYROTEK, INC 43,349.52
QME QUALITY MOLD & ENGINEERING 3,207.60
QUANTUM CONNECTIONS, LLC 134.00
R. SCOTT BLEEKS 186.15
RADDE AGENCY 28.00
RAY'S MOTEL 756.00
R-CON NDT, INC 2,916.40
RED ARROW FIRE & SAFETY, LLC 49.71
RELIABLE DISPOSAL 845.18
RX OPTICAL 57.00
S & S INDUSTRIAL 3,578.49
SAFETY PRODUCTS DIVISION 879.11
SAFETY-KLEEN 990.27
SBC AMERITECH 361.79
SCHOTT SAW CO 2,874.30
SCOPE SERVICES, INC 41,431.73
SHARON NAPIER 1,067.51
SOUTH BEND REPROGRAPHICS 86.45
CAST-MATIC CORP. CASE NO. 04-67605
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
SOUTH BEND TRIBUNE 583.80
SOUTHWESTERN MEDICAL CLINIC PC 693.00
SPRINT 312.40
STATE OF MICHIGAN 625.08
TCP WIRE & CABLE 729.11
TEC-HACKETT, INC 30.74
TEST EQUIPMENT DISTRIBUTORS 172.43
THAYER, INC 663.00
THE GRAND RAPIDS PRESS 569.71
THE HEARLD PALLADIUN 236.13
TRACEE LOTZ 521.81
TRANS MAN 7,992.93
TWIN CITIES GLASS 101.99
UNUM LIFE INS CO OF AMERICA 3,064.87
UPS 54.00
VEKTEK 1,823.20
VICKERS ENGINEERING , INC 32,500.00
VOLK CORP 53.74
W. H DUFFILL, INC 218.25
WATCON, INC 977.50
WEST MICHIGAN HYDRAULICS 318.87
WILLIAM A KIBBE & ASSOCIATES 1,695.00
WILLIAM ATKINS 154.50
WMH FLUID POWER 4,958.81
WOOD TEMPORARY STAFFING 1,251.60
Y.E.S. 32,928.60
YOUNGBLOOD AIR SYSTEMS 36,084.01
YXLON INTERNATIONAL 349,701.00
$3,865,791.31
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: APRIL 30, 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: MAY 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 APRIL 30, 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: MAY 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 4/30/05
($000's)
CASE #04-67609
COLUMBUS
FOUNDRY
----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 12,902 91,965
Cost of Goods Sold
Materials and Freight 5,395 32,749
Wages - Hourly 1,592 11,892
Wages-Salary 463 3,330
Employee Benefits and Pension 228 5,664
Repairs & Maintenance 750 5,153
Supplies 657 4,834
Utilities 734 5,875
Purchased Components/Services 391 5,140
Income(loss) from Pattern Sales (333) (919)
Fixed Asset - (gain/loss) -- 11
MIS Expense 63 388
Travel & Entertainment 9 59
Other Variable Costs (120) 1,302
Depreciation & Amortization 407 3,442
Other Allocated Fixed Costs -- 3
Other Fixed Costs 187 1,111
------ ------
Cost of Goods Sold 10,423 80,034
Gross Profit 2,479 11,931
Plant SG&A Expense 47 243
SG&A Expense - Allocation (Sched 1) 313 2,122
Other Operating Expenses -- 415
------ ------
Total Operating Expenses 360 2,780
Operating Profit 2,119 9,151
Outside Interest Income -- --
Outside Interest (Expense) -- (6)
Intercompany Interest Income -- --
Intercompany Interest (Expense) (276) (1,288)
Charges (From) Affiliates -- --
Charges To Affiliates -- --
Income/Loss From European Operations -- --
Other Income/(Expense) -- --
------ ------
Total Non-Operating Expenses (276) (1,294)
Income Before Income Taxes 1,843 7,857
Income Tax Expense 32 257
------ ------
Net Income 1,811 7,600
====== ======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs April
(Allocation of Corporate Costs to Filing Entities)
(000's)
April
-------
Officer Compensation $ 189
Salary Expense other Employees 923
Employee Benefits and Pension 106
Payroll Taxes 59
Other Taxes 3
Rent and Lease Expense 184
Interest Expense
Insurance 62
Automobile and Truck Expense 14
Utilities(Gas Electric,Phone) 64
Depreciation 87
Travel and Entertainment 78
Repairs and Maintenance 175
Advertising/Promotion 0
Supplies, Office Expense 19
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 53
Public Reporting Fees 11
Employee Relocation/Training 17
Data Processing 32
Dues and Subscriptions 9
Outside Services 146
Project Development Costs net of Billings 40
Director Fees 25
Miscellaneous 2
Legal Fees 28
Cost Allocation - Europe (78)
Cost Allocation - Out (140)
------
$2,458
======
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 805
------
Total $2,458
======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 4-30-05
($000's)
CASE #04-67609
COLUMBUS
FOUNDRY
--------------
Cash And Equivalents $ --
Accounts Receivable 21,525
Short-Term Intercompany Receivables 6
Inventories 6,335
Other Current Assets (9)
--------
TOTAL CURRENT ASSETS 27,857
Land and Buildings 12,701
Machinery & Equipment 79,650
Construction In Progress 244
--------
Total Fixed Assets 92,595
Accumulated Depreciation (62,849)
--------
NET FIXED ASSETS 29,746
Investment In Subsidiaries --
Investment In European Operations --
Long-Term Intercompany Receivables 30,877
Deferred Taxes, Long-Term Asset --
Other Assets 629
--------
TOTAL ASSETS 89,109
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable 1,396
Wages and Salaries (See schedule) 761
Taxes Payable - (See schedule) 701
--------
TOTAL POST PETITION LIABILITIES 2,858
SECURED LIABILITIES:
SECURED BANK DEBT --
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes --
Accrued Tax - State --
Accrued Property Taxes --
Accrued Workers Comp. 247
Accrued Payroll --
Accrued Payroll Taxes --
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 247
UNSECURED LIABILITIES
Accounts Payable 10,150
Senior & IDR Bonds --
--------
TOTAL UNSECURED LIABILITIES 10,150
OTHER LIABILITIES
Accrued Liabilities 1,621
Short-Term Intercompany Payables 11
Capital Leases --
Retirement Benefits (909)
Deferred Taxes - Long-Term Liability --
Other Long-Term Liabilities --
Long-Term Intercompany Payables 1,336
Minority Interest --
--------
TOTAL LIABILITIES 15,314
Common Stock --
Capital In Excess Of Par Value 4,592
Retained Earnings - Prepetition 61,603
Retained Earnings - Post Petition 7,600
Equity In European Operations
Accumulated Translation Adjustment --
Minimum Pension Liability Adjustment --
Unearned Restricted Stock --
--------
TOTAL SHAREHOLDER EQUITY 73,795
--------
TOTAL LIABILITIES AND EQUITY $ 89,109
========
PERIOD ENDED: 04-30-05 COLUMBUS FOUNDRY CASE #04-67609
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
3-31-05 Withheld Deposits 4-30-05
----------- ----------- ---------- -----------
Income tax withheld: Federal ($29,880) ($186,960) $ 188,301 ($28,540)
Income tax withheld: State (14,520) (84,899) 85,526 (13,892)
Income tax withheld: Local 0 0 0 0
FICA Withheld (26,940) (148,968) 149,778 (26,131)
Employers FICA (60,494) (143,168) 148,405 (55,256)
Unemployment Tax: Federal (44,327) (1,617) 40,323 (5,621)
Unemployment Tax: State (133,114) (15,471) 116,416 (32,169)
All Other Payroll W/H (109,327) (162,886) 174,881 (97,332)
State Taxes:
Inc./Sales/Use/Excise (227,193) (67,596) 223,066 (71,723)
Property Taxes (150,000) (50,000) 82 (199,918)
Workers Compensation (140,000) (30,000) 0 (170,000)
----------- ----------- ---------- -----------
Total ($935,796) ($891,563) $1,126,778 ($700,582)
Wages and Salaries (567,942) (2,190,936) 1,998,284 (760,594)
----------- ----------- ---------- -----------
Grand Total ($1,503,738) ($3,082,499) $3,125,061 ($1,461,176)
=========== =========== ========== ===========
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 $ 1,396,383 $ 1,396,383 $ 0 $ 0
Accounts Receivable $21,890,367 $20,482,918 $174,420 $1,233,029
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 4/30/2005
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 -- 11,266,939 -- 0 --
TRANSFERS IN (CORPORATE) -- -- 3,665,854 1,687,732 423,351
DIP INFLOW -- -- -- -- --
DISBURSEMENTS -- -- (3,665,854) (1,687,732) (423,351)
TRANSFERS OUT (CORPORATE) -- (11,266,939) -- -- --
DIP REPAYMENT -- -- -- -- --
--- ----------- ---------- ---------- --------
ENDING BANK BALANCE -- -- -- 0 --
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 3,803,000
CHECKS ISSUED 3,505,924
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 2,229,091
CORPORATE DEBIT MEMOS 4,444
-----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 9,542,459
===========
OUTSTANDING CHECKS AS OF MARCH 31 744,423
VOIDED CHECKS OUTSTANDING AS OF MARCH 31 (23,049)
CHECKS ISSUED DURING APRIL 3,505,924
CHECK CLEARED DURING APRIL (3,545,724) Does not include $120,130 of EFT's relating to
----------- sales tax and child support.
OUTSTANDING CHECKS AS OF APRIL 30 (SEE OUTSTANDING CHECKLIST) $ 681,574
===========
COLUMBUS FOUNDRY
CASE NO. 04-67609
AT 4/30/05
COLUMBUS FOUNDRY - BANK RECONCILIATION
Bank Balance $ --
Actual Outstanding Checks 681,573.70
Child Support EFT Adjusted in May 12,447.03
-----------
694,020.73
Unadjusted GL Balance 694,020.73
-----------
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
4/27/05 17659 1,563.65
3/11/05 18449 23.95
3/17/05 18695 400.00
3/25/05 18788 148.64
3/25/05 18829 35.00
4/1/05 18982 761.93
4/5/05 19034 214.39
4/5/05 19041 200.00
4/5/05 19044 272.00
4/12/05 19155 2,600.00
4/12/05 19178 1,300.00
4/12/05 19179 376.56
4/12/05 19181 100.00
4/12/05 19182 15,255.63
4/14/05 19227 500.00
4/14/05 19237 1,935.08
4/14/05 19238 13,389.52
4/14/05 19240 253.08
4/14/05 19243 450.00
4/14/05 19244 589.25
4/14/05 19254 985.12
4/14/05 19256 271.00
4/14/05 19257 730.06
4/14/05 19259 100.00
4/14/05 19260 500.00
4/14/05 19262 821.84
4/19/05 19289 4,626.50
4/19/05 19305 6,520.00
4/21/05 19364 4,000.00
4/21/05 19382 3,584.00
4/21/05 19412 425.00
4/21/05 19416 39,239.00
4/21/05 19419 35,020.00
4/26/05 19427 6,488.07
4/26/05 19428 4,761.78
4/26/05 19429 1,131.62
4/26/05 19430 1,196.26
4/26/05 19431 14,560.00
4/26/05 19432 3,807.94
4/26/05 19433 1,059.38
4/26/05 19434 3,736.68
4/26/05 19435 5,530.89
4/26/05 19436 1,903.20
4/26/05 19437 563.00
4/26/05 19438 5,235.34
4/26/05 19439 1,160.68
4/26/05 19440 6,655.44
4/26/05 19441 5,951.00
4/26/05 19444 5,713.76
4/26/05 19445 2,579.67
4/26/05 19446 1,193.88
4/26/05 19447 300.00
4/26/05 19448 1,682.04
4/26/05 19449 936.42
4/26/05 19450 4,041.00
4/26/05 19452 11,824.77
4/26/05 19454 10,115.25
4/26/05 19455 3,584.00
4/26/05 19456 97.49
4/26/05 19457 7,888.78
4/26/05 19458 1,082.70
4/26/05 19459 3,450.00
4/26/05 19460 1,800.00
4/26/05 19462 5,865.00
4/26/05 19463 9,093.25
4/26/05 19464 4,100.00
4/26/05 19465 906.84
4/26/05 19466 750.00
4/26/05 19467 9,201.79
4/26/05 19468 1,734.68
4/26/05 19469 8,020.00
4/26/05 19470 764.08
4/26/05 19471 4,042.55
4/26/05 19472 5,458.18
4/26/05 19473 6,240.00
4/26/05 19477 2,736.71
4/26/05 19478 1,235.00
4/26/05 19479 27.82
4/26/05 19480 15.52
4/26/05 19481 16.30
4/26/05 19482 46.14
4/26/05 19483 1,918.64
4/26/05 19484 1,107.45
4/26/05 19485 1,002.65
4/26/05 19486 7,102.22
4/26/05 19487 215.82
4/26/05 19488 20.00
4/26/05 19489 11,414.53
4/26/05 19490 245.28
4/26/05 19491 1,578.05
4/26/05 19492 131.63
4/26/05 19493 88.46
4/26/05 19494 2,943.78
4/26/05 19495 2,945.31
4/26/05 19496 186.96
4/26/05 19498 56,835.81
4/26/05 19499 54,300.00
4/29/05 19505 2,835.40
4/29/05 19506 234.34
4/29/05 19507 2,367.78
4/29/05 19508 682.00
4/29/05 19509 1,542.53
4/29/05 19510 1,719.72
4/29/05 19511 2,010.15
4/29/05 19512 855.48
4/29/05 19513 7,816.30
4/29/05 19514 7,726.99
4/29/05 19515 117.33
4/29/05 19516 826.13
4/29/05 19517 731.90
4/29/05 19518 5,250.00
4/29/05 19519 3,651.35
4/29/05 19520 1,830.24
4/29/05 19521 8,924.00
4/29/05 19522 118.26
4/29/05 19523 946.51
4/29/05 19524 5,836.70
4/29/05 19525 4,743.57
4/29/05 19526 12,202.15
4/29/05 19527 226.62
4/29/05 19528 248.57
4/29/05 19529 286.71
4/29/05 19530 203.95
4/29/05 19531 3,129.22
4/29/05 19532 5,681.44
4/29/05 19533 8,623.05
4/29/05 19534 1,595.00
4/29/05 19535 10,625.00
4/29/05 19536 880.00
4/29/05 19537 1,048.60
4/29/05 19538 51.30
4/29/05 19539 632.97
4/29/05 19540 660.00
4/29/05 19541 3,350.00
4/29/05 19542 5,087.00
4/29/05 19543 959.00
4/29/05 19544 12,049.46
4/29/05 19545 901.58
4/29/05 19546 25.71
4/29/05 19547 4,267.38
4/29/05 19548 45,159.56
4/29/05 19549 42,550.00
$681,573.70
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
ACTIVATION, INC. $ 7,198.86
ADECCO EMPLOYMENT SERVICES 439.20
ADP INC 2,835.40
ADULT PROBATION OFFICE 1,935.08
AETNA US HEALTHCARE 9,805.75
AIR COMPRESSOR TECHNOLOGIES 1,671.50
AIR SPECIALIST INC 3,738.88
AIRGAS DRY ICE 472.76
AIRGAS SOUTH INC. 2,367.78
ALABAMA CHILD SUPPORT PAYMENT 13,389.52
ALABAMA CHILD SUPPORT PAYMENT 362.50
ALEXANDERSON, ERIC 901.58
ALLEGRA PRINT & IMAGING 8,244.91
ALLEN RICHIE 973.69
ALLEN, JOHN F. 1,130.97
ALLIED MINERAL PRODUCTS INC 75,437.87
AMERALLOY STEEL COPRORATION 2,244.79
AMERICAN BUSINESS FORMS 768.81
AMERICAN COLLOID COMPANY 262,610.72
AMERICAN FAMILY LIFE 214.39
APPLIED TECHNICAL SERVICE 232.75
ATMOS ENERGY 125,230.99
AUBURN ANALYTICAL LAB INC 270.00
AUTOMATED BUSINESS MACHINES 682.00
BARBIER, MARK 46.14
BARLOWORLD HANDLING LP 18,773.38
BEARINGS & DRIVES, INC. 5,765.35
BEAUFORT COUNTY FAMILY COURT 253.08
BELL SOUTH 2,347.62
BELLWRIGHT INDUSTRIES, INC 815.41
B-H TRANSFER CO 15,092.40
BHA GROUP INC 795.97
BLAKE & PENDLETON INC. 782.46
BLAST MASTER 2,425.00
BRAMMER STANDARD CO., INC. 2,010.15
BROADSPIRE SERVICES INC 25,022.10
BROWN & SHARPE INC 3,000.00
BRUBAKER & ASSOC., INC. 1,918.64
BUCK ICE & COAL CO. 3,401.01
BUCKEYE BUSINESS PRODUCTS, INC 700.06
C.A. PICARD SURFACE ENGIN 18,408.16
CAIL TOOL & MACHINERY, INC 5,294.80
CAMERON & BARKLEY CO. 3,854.99
CARLA DEVITA REED 600.00
CARRIER VIBRATING EQUIPMENT, INC. 11,894.54
CASTROL INDUSTRIAL N A 2,123.05
CECO ASSOCIATES 4,464.00
CHAMPION CHISEL WORKS, INC. 3,625.00
CHAPTER 13 TRUSTEE 22,618.98
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
CHILD SUPPORT ENFORCEMENT, FSR 1,846.00
CHILD SUPPORT ENFORCEMENT, FSR 450.00
CINTAS CORP. 9,048.01
CINTAS CORPORATION 469.32
CIT TECHNOLOGY FIN SERV, INC 1,196.26
CLARK, ART 2,164.83
CLERK OF MUNICIPAL COURT 589.25
CLERK OF THE CIRCUIT COURT 701.40
CLIENT SERVICES ECM (FIDELITY) 105.10
COASTAL ENERGY 23,508.30
COBB WIRE ROPE & SLING CO. 1,403.83
COLE-PARMER INSTRUMENT CO. 1,801.61
COLUMBUS INDUSTRIAL SUPPLY 2,273.20
COLUMBUS MUSEUM 250.00
COLUMBUS WATER WORKS 16,656.06
CONSOLIDATED ELECTRICAL DISTRI 228.91
CONSTRUCTION MANAGEMENT SERVIC 59,550.00
CORINNE T. HURST/CIRCUIT CLERK 151.00
CROWN EQUIPMENT CORP. 81.91
CURTIS REDDING 1,428.00
DANIELS, RICHARD 552.11
DAUBER COMPANY, INC. 98,224.00
DEFENDER SERVICES INC 15,448.58
DELL RECEIVABLES L.P. 2,229.80
DEMURRAGE MANAGEMENT SOLUTIONS 2,500.00
DIDION INTERNATIONAL INC 149,736.30
DIETERT FOUNDRY TESTING EQUIPM 598.00
DISAMATIC 28,384.75
DYNAMIC AIR INC. 1,019.23
EAGLITE CHEMICALS 7,260.00
EARTHLINK INC 47.90
EDDIE WILLIAMS 8,864.22
EDDINS ENGINEERING 650.00
EDWARD E. RIFFLE 923.31
ELECTRIC MELTING SRVCES SW INC 113,597.90
ELEVATOR SERVICE COMPANY 250.90
ELKEM METALS, INC. 41,826.83
ENTERPRISE 1,118.79
ENVIRONMENTAL TECHNOLOGY CORP 69.40
ETA ENGINEERING, INC. 1,621.80
FERGUSON ENTERPRISES 7,041.93
FISHER SCIENTIFIC CO. 56.49
FLETCHER OIL INC. 5,149.35
FORKLIFT'S PLUS, INC. 2,022.46
FREEMAN MFG. & SUPPLY CO. 479.45
G E CAPITAL 009 5,530.89
G E CAPITAL 008 6,866.48
G.E. CAPITAL -002 14,678.25
GA AUTOMATION CO. INC. 418.69
GENERAL KINEMATICS 1,903.20
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
GENTRY MACHINE WORKS, INC. 49,943.80
GEORGIA POWER 734,434.16
GEORGIA POWER CO 275.81
GLENN PETRIK 544.20
GLOBAL DOSIMRY SOLUTIONS INC 118.26
GLOBAL TECHNOLOGY, LLC 13,335.00
GLOBE METALLURGICAL INC 243,728.10
GOODWILL INDUSTRIES 425.00
GRAYLINK 575.00
GREATER COLUMBUS CHAMBER OF 20.00
GREENERD PRESS AND MACHINE COM 689.12
GREGORY WILLIAMS 316.32
GWINNETT MAGISTRATE COURT 587.24
HA INTERNATIONAL LLC 35,555.52
HALL JR., GAYLON B. 75.00
HAMILTON STATION APTS 1,300.00
HARTZ CHICKEN 139.78
HELMS BROTHERS BODY SHOP 4,267.38
HERAEUS ELECTRO-NITE CO. 16,287.48
HINTON, BOB 200.00
HOUGHTON INTERNATIONAL 13,088.35
IFCO INDUSTRIAL CONTAINER SYS 426.93
IKON OFFICE SOLUTIONS 336.44
INDUCTOTHERM CORP. 3,489.17
INDUSTRIAL 1 SUPPLY CO. 44,895.84
INDUSTRIAL CHEMICALS 388.92
INDUSTRIAL COMBUSTION SVCE INC 8,626.50
INDUSTRIAL CONTRACTING SERVICE 30,420.68
INDUSTRIAL METAL FABRICATORS 45,756.60
INDUSTRIAL PACKAGING CORPORATI 15,090.88
INTERNAL REVENUE SERVICE 740.50
INTERNAL REVENUE SERVICE 320.00
INTERNATIONAL TREASURER-USAW 11,414.53
INTERSTATE ELECTRICAL SUPPLY 53,128.56
JESS W. JACKSON & ASSOCIATES 64,559.20
JOHN H. GERMERAAD, TRUSTEE 475.00
JOHNSON DIVERSITY/ DUBOIS 5,164.09
JOHNSTONE SUPPLY 277.94
KENT RUDBECK 8,127.27
K-MART 248.57
KNOX PEST CONTROL 408.00
KRAUTKRAMER BRANSON, INC. 3,231.14
LABCORP OF AMERICA HOLDINGS 1,737.00
LAEMPE + REICH CORPORATION 920.45
LAKE, STEVE 2,138.49
LAND TRANSPORTATION 140,601.29
LARPEN METALLURGIAL SERVICE 145,620.00
LEADING EDGE 132,490.00
LINA 272.00
LINDE GAS LLC 7,064.82
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
LORAMENDI, INC 936.42
MAGISTRATE COURT OF 985.12
MANPOWER 97.32
MARTIN BROTHERS CONTAINERS 37,870.82
MARYLAND WIRE BELTS, INC. 7,305.07
MAYS, DANNY J. 46.83
MCCALL, STEVE 520.45
MCI 919.00
MCI CONFERENCING 411.83
MCMASTER-CARR SUPPLY CO 351.62
MERCER 3,128.00
METALDYNE 4,041.00
METOKOTE CORPORATION 92,153.89
MIKE & ED'S BAR - B-Q 206.44
MIKE WINDISH 5,144.55
MILLER AND COMPANY LLC 134,153.13
MILLER LANDSCAPING 700.00
MISSOURI REFRACTORIES CO.INC. 11,989.40
MODERN EQUIPMENT COMPANY 2,364.35
MORGAN TRANSPORTATION 1,885.37
MORRIS MATERIAL HANDLING 50,503.72
MOTION INDUSTRIES, INC. 52,276.18
MSC INDUSTRIAL SUPPLY CO. 1,406.95
NATIONAL AFFILIATED TECHNOLOGI 3,987.50
NATIONAL BELT SERVICE, INC 10,668.14
NC CHILD SUPPORT CENTRALIZED 271.00
NEW ENGLAND DIGITAL COMPUTER 5,096.86
NEWCO 20,741.07
NOBLE COUNTY CLERK 1,560.01
NOBLE SALES 53,967.69
NORFOLK SOUTHERN CORPORATION 80,000.00
NORTHBEND PATTERN WORKS,LLC 20,353.00
OCCUPATIONAL MEDICINE OF 1,235.00
OFFICE DEPOT CREDIT PLAN 711.16
OFFICE OF THE ATTORNEY GENERAL 504.00
OHIO CSPC 730.06
OMEGA ENGINEERING,INC. 880.00
OMI REFRACTORIES 7,888.78
OMNISOURCE CORPORATION - COPPER 62,400.00
OMNISOURCE CORPORATION - STEEL 2,141,698.28
OVERBY COMPANY, THE 8,714.70
OVERHEAD DOOR CO. OF COLUMBUS 3,450.00
OWENS, B. ZANE 23.69
PACK-LITE SYSTEMS 1,800.00
PAMELA LASHALL HOLT 150.00
PARMER WATER COMPANY 55.64
PAYROLL (INCLUDES AMOUNTS PAID BY CORPORATE) 2,229,090.57
PERFECT PATTERNS INC. 122,170.00
PIEDMONT FOUNDRY SUPPLY, INC. 2,945.50
PIEDMONT NATIONAL CORPORATION 2,894.86
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
PINE HOLLOW, INC. 3,285.00
PINSON VALLEY HEAT TREATI 641.35
PORTER WARNER INDUSTRIES 648.85
PREFERRED SOURCING 7,101.25
PRIMETRADE, INC. 508,308.17
PRODUCT ACTION INTERNATIONAL 9,093.25
PROFORMA 1,289.76
PROVIDENT LIFE 92.09
PROVIDENT LIFE & ACCIDENT INS. 3,421.34
PRYOR GIGGEY COMPANY 2,412.00
QUASAR INTERNATIONAL INC. 1,510.77
RADIO WHOLESALE MARKETING 1,249.05
RANDALL D. QUINTRELL 1,578.05
RAY RENTS, INC. 51.30
REAVES WRECKING 12,685.00
RED HILL GRINDING WHEEL CORP. 4,851.84
RELAY FOR LIFE 100.00
REYNOLDS SUPPLY CO. 8,378.07
RIKEN OF AMERICA, INC. 15,255.63
RODGERS METAL CRAFT, INC. 18,557.06
SAFETY SOUTH 241.83
SAFETY-KLEEN CORP. 3,330.25
SAM'S WELDING 3,520.00
SCALE SYSTEMS, INC. 517.00
SCORE, INC 9,201.00
SCOTT RUITER 131.63
SERVICE FIRST, INC. 797.50
SERVICIOS INDUSTRIALES PRECISO 26,989.92
SHANAFELT MANUFACTURING CO. 806.54
SHANNON BAKER ASSOCIATES, INC. 457.55
SHEMWELL, DAVID 1,517.14
SHEPERD NILES 12,965.44
SHERRIE FAYE LANDRY 650.00
SHOES 'N COMPANY 2,943.78
SMITH GRAY ELECTRIC CO., INC. 48,511.30
SMITH, MIKE 60.89
SOUTHEASTERN HOME OXYGEN SER 15.52
SOUTHERN STATES TOYOTALIFT 54,810.89
SPAR SPECIALTY REFRACTORIES 12,672.00
SPECIALTY FOUNDRY PRODUCT 1,568.04
SPRINT PCS 2,945.31
ST. JUDE CHILDREN'S RESEARCH 100.00
STATE COLLECTION & DISBUREMENT 500.00
STATE COURT OF GWINNETT CTY 1,095.44
STATE DISBURSEMENT UNIT 3,228.94
STATE OF FLORIDA DISBURSMENT 821.84
SUPREME CORES OF THE CAROLINAS 12,291.00
TECHNICAL SERVICES GROUP INC 3,350.00
TELEDYNE ISCO,INC 358.40
THE NEW KEIBLER-THOMPSON CO. 5,087.00
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
TIDMORE FLAGS, INC. 484.00
TINIUS OLSEN TESTING MACH INC. 1,708.45
TRANS-MAN LOGISTICS, INC. 72,605.42
TRIPLE M MANUFACTURING, INC. 8,020.00
TRU KUT INC 1,071.90
U.S. DEPT OF EDUCATION 320.31
UMETCO, INC 73,920.00
UNEEDA GLASS 413.25
UNIFRAX 14,601.60
UNIMIN CORPORATION 20,790.00
UNITED RENTALS, INC. 3,059.61
UNITED STATES POSTAL SERVICE 1,000.00
UNITED WAY CHATTAHOOCHEE CTY 2,256.00
VALLEY PLUMBING COMPANY 959.00
VESUVIUS U.S.A. 19,425.38
VICTORIA BODLEY 200.00
VOLVO RENTS 7,049.25
VULCAN ELECTRO COATING 26,565.88
WALLS, DAVID 94.75
WANG, JAMES 1,605.74
WARNER PAINT & DECORATING CENT 363.59
WARR GRADING CONTRACTOR 24,823.00
WASTE MANAGEMENT 3,423.77
WHEELABRATOR ABRASIVES, INC. 23,730.00
WHEELABRATOR INTERNATIONAL 59,515.39
WILLIAM A.KIBBE & ASSOCIATES 1,890.00
WINGATE INN 186.96
YANCEY BROS. CO., 535.11
YELLOW CAB OF COLUMBUS INC. 16.30
-------------
$9,542,458.93
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: APRIL 30, 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: MAY 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 APRIL 30, 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: MAY 20, 2005 /s/ Robert E. Belts
----------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- --------------
Title Phone
Intermet Corp. and Subsidiaries
Opening Statement
For the Month Ended 4/30/05
($000's)
CASE #04-67612
DIVERSIFIED
DIEMAKERS
----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 7,896 52,513
Cost of Goods Sold
Materials and Freight 2,838 17,942
Wages - Hourly 1,426 9,537
Wages-Salary 158 1,060
Employee Benefits and Pension 599 5,330
Repairs & Maintenance 424 2,932
Supplies 147 820
Utilities 237 1,819
Purchased Components/Services -- --
Income(loss) from Pattern Sales 188 1,432
Fixed Asset - (gain/loss) -- --
MIS Expense -- --
Travel & Entertainment 5 27
Other Variable Costs 609 3,369
Depreciation & Amortization 695 4,679
Other Allocated Fixed Costs 275 2,495
Other Fixed Costs 162 961
------ -------
Cost of Goods Sold 7,763 52,403
Gross Profit 133 110
Plant SG&A Expense -- (7)
SG&A Expense - Allocation (Sched 1) 257 1,748
Other Operating Expenses -- 518
------ -------
Total Operating Expenses 257 2,259
Operating Profit (124) (2,149)
Outside Interest Income -- --
Outside Interest (Expense) -- --
Intercompany Interest Income -- --
Intercompany Interest (Expense) (240) (1,357)
Charges (From) Affiliates -- --
Charges To Affiliates -- --
Income/Loss From European Operations -- --
Other Income/(Expense) -- --
------ -------
Total Non-Operating Expenses (240) (1,357)
Income Before Income Taxes (364) (3,506)
Income Tax Expense -- 41
------ -------
Net Income (364) (3,547)
====== =======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs April
(Allocation of Corporate Costs to Filing Entities)
(000's)
April
------
Officer Compensation $ 189
Salary Expense other Employees 923
Employee Benefits and Pension 106
Payroll Taxes 59
Other Taxes 3
Rent and Lease Expense 184
Interest Expense
Insurance 62
Automobile and Truck Expense 14
Utilities(Gas Electric, Phone) 64
Depreciation 87
Travel and Entertainment 78
Repairs and Maintenance 175
Advertising/Promotion 0
Supplies, Office Expense 19
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 53
Public Reporting Fees 11
Employee Relocation/Training 17
Data Processing 32
Dues and Subscriptions 9
Outside Services 146
Project Development Costs net of Billings 40
Director Fees 25
Miscellaneous 2
Legal Fees 28
Cost Allocation - Europe (78)
Cost Allocation - Out (140)
------
$2,458
======
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 805
------
Total $2,458
======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 4-30-05
($000's)
CASE #04-67612
DIVERSIFIED
DIEMAKERS
--------------
Cash And Equivalents $ 23
Accounts Receivable 14,148
Short-Term Intercompany Receivables 25
Inventories 14,177
Other Current Assets 1,274
--------
TOTAL CURRENT ASSETS 29,647
Land and Buildings 16,395
Machinery & Equipment 57,599
Construction In Progress 971
--------
Total Fixed Assets 74,965
Accumulated Depreciation (43,774)
--------
NET FIXED ASSETS 31,191
Investment In Subsidiaries --
Investment In European Operations --
Long-Term Intercompany Receivables 39,482
Deferred Taxes, Long-Term Asset --
Other Assets --
--------
TOTAL ASSETS 100,320
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable 946
Wages and Salaries (See schedule) 249
Taxes Payable - (See schedule) 582
--------
TOTAL POST PETITION LIABILITIES 1,777
SECURED LIABILITIES:
SECURED BANK DEBT --
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes --
Accrued Tax - State --
Accrued Property Taxes --
Accrued Workers Comp. 985
Accrued Payroll --
Accrued Payroll Taxes --
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 985
UNSECURED LIABILITIES
Accounts Payable 6,518
Senior & IDR Bonds --
--------
TOTAL UNSECURED LIABILITIES 6,518
OTHER LIABILITIES
Accrued Liabilities 3,627
Short-Term Intercompany Payables 35
Capital Leases --
Retirement Benefits 1,114
Deferred Taxes - Long-Term Liability --
Other Long-Term Liabilities 1,006
Long-Term Intercompany Payables --
Minority Interest --
--------
TOTAL LIABILITIES 15,062
Common Stock --
Capital In Excess Of Par Value 110,000
Retained Earnings - Prepetition (21,195)
Retained Earnings - Post Petition (3,547)
Equity In European Operations
Accumulated Translation Adjustment --
Minimum Pension Liability Adjustment --
Unearned Restricted Stock --
--------
TOTAL SHAREHOLDER EQUITY 85,258
--------
TOTAL LIABILITIES AND EQUITY $100,320
========
PERIOD ENDED: 04-30-05 DIVERSIFIED DIEMAKERS, INC. CASE #04-67612
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
03/31/05 Withheld Deposits 04-30-05
--------- ----------- ---------- ---------
Income tax withheld: Federal ($29,273) ($172,099) $ 167,326 ($34,046)
Income tax withheld: State (9,183) (54,038) 52,578 (10,643)
Income tax withheld: Local 0 0 0 0
FICA Withheld (22,656) (134,910) 130,835 (26,731)
Employers FICA (22,656) (134,910) 130,835 (26,731)
Unemployment Tax: Federal (1,557) (6,201) 6,601 (1,157)
Unemployment Tax: State (6,227) (24,805) 26,404 (4,628)
All Other Payroll W/H (74,923) (184,260) 195,747 (63,436)
State Taxes: Inc./Sales/Use/Excise (46,273) (6,396) 51,006 (1,663)
Property Taxes (114,866) (47,861) 0 (162,727)
Workers Compensation (246,351) (142,932) 139,110 (250,173)
--------- ----------- ---------- ---------
Total ($573,964) ($908,413) $ 900,443 ($581,934)
Wages and Salaries (134,377) (1,289,141) 1,174,686 (248,831)
--------- ----------- ---------- ---------
Grand Total ($708,341) ($2,197,553) $2,075,129 ($830,766)
========= =========== ========== =========
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 $ 946,005 $ 850,026 $ 95,685 $ 294
Accounts Receivable $14,147,849 $12,582,353 $777,117 $788,379
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 4/30/2005
MONTHLY CASH STATEMENT
CASE # 04-67612
DIVERSIFIED DIE MAKERS (MONROE)
ACCOUNT TYPE LOCKBOX LOCKBOX 672976 DEPOSIT AP AP CHECKING
ACCOUNT # 5402530991 1851811313 3473589977 2770721732 2176982854 5045182027
BANK Stan Fed Comerica Bank of America Stan Fed Comerica Bank of America
------------ ---------- -------------- --------------- ---------- ---------- ---------------
BEGINNING BANK BALANCE -- -- -- -- -- 21,526
RECEIPTS 5,489,513 1,301,697 14,385 -- -- --
TRANSFERS IN (CORPORATE) -- -- -- 1,469,782 41,978 --
DIP INFLOW -- -- -- -- -- --
DISBURSEMENTS -- -- (791) (1,469,324) (41,978) --
TRANSFERS OUT (CORPORATE) (5,489,513) (1,301,697) (14,385) (458) -- --
DIP REPAYMENT -- -- -- -- -- --
---------- ---------- ------- ---------- ------- ------
ENDING BANK BALANCE -- -- (791) -- -- 21,526
ACCOUNT TYPE CHECKING PR PR BENEFITS
ACCOUNT # 5970758593 2770721740 2176983043 688486 - Inactive
BANK UMB Bank Stan Fed Comerica Bank One
------------ ---------- ---------- ---------- -----------------
BEGINNING BANK BALANCE 263 -- -- --
RECEIPTS 189 -- 308 --
TRANSFERS IN (CORPORATE) -- 893,265 17,054 --
DIP INFLOW -- -- -- --
DISBURSEMENTS (13) (893,265) (17,361) --
TRANSFERS OUT (CORPORATE) -- -- -- --
DIP REPAYMENT -- -- -- --
---- -------- ------- ---
ENDING BANK BALANCE 439 -- -- --
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY
CORPORATE 3,336,832
CHECKS ISSUED 1,679,553
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY
CORPORATE) 2,460,535
CORPORATE DEBIT MEMOS 8,905
-----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS
RECONCILIATION) $ 7,485,825
===========
OUTSTANDING CHECKS AS OF MARCH 31 44,464
VOIDED CHECKS OUTSTANDING AS OF MARCH 31 0
CHECKS ISSUED DURING APRIL 1,679,553
CHECK CLEARED DURING APRIL (1,511,007) Includes checks clearing from Comerica above
----------- and excludes $295.00 of Standard Federal
OUTSTANDING CHECKS AS OF APRIL 30 checks posted and returned.
(SEE OUTSTANDING CHECKLIST) $ 213,010
===========
DIVERSIFIED DIEMAKERS, INC.
CASE NO. 04-67612
AT 4/30/05
MONROE - BANK RECONCILIATION
Bank Balance $ --
Actual Outstanding AP Checks 213,009.74
Actual Outstanding Payroll Checks 269,384.57
-----------
Total Outstanding Checks 482,394.31
Unadjusted GL Balance 482,394.31
-----------
Difference $ --
===========
DIVERSIFIED DIEMAKERS, INC.
CASE NO. 04-67612
MONROE
OUTSTANDING CHECKS
CASE NO. 04-67612
DATE CHECK OUTSTANDING
---- ------ -----------
10/5/04 337183 $ 45.00
11/5/04 337674 35.76
11/5/04 337705 5.00
11/11/04 337789 158.49
11/16/04 337916 341.24
11/17/04 337930 454.88
12/29/04 338726 821.25
1/6/05 338925 33.57
3/16/05 340292 561.37
3/24/05 340506 28.98
4/1/05 400030 432.00
4/5/05 400155 13.82
4/8/05 400173 43.08
4/8/05 400207 13.50
4/15/05 400400 2,881.61
4/15/05 400420 186.40
4/15/05 400421 142.85
4/15/05 400422 24.73
4/15/05 400423 701.16
4/15/05 400424 68.86
4/15/05 400447 1,506.26
4/20/05 400485 1,438.37
4/20/05 400486 137.99
4/21/05 400488 76.94
4/21/05 400489 1,562.00
4/22/05 400503 1,996.69
4/22/05 400515 359.80
4/22/05 400524 40.00
4/22/05 400525 15.00
4/22/05 400537 13.24
4/22/05 400549 4,059.20
4/22/05 400570 2,625.00
4/22/05 400572 553.22
4/22/05 400574 1,066.76
4/22/05 400579 98.50
4/22/05 400584 88.81
4/22/05 400586 172.38
4/22/05 400589 45.00
4/22/05 400595 61.90
4/22/05 400601 3,995.53
4/22/05 400603 545.76
4/22/05 400605 151.50
4/22/05 400614 22.36
4/22/05 400621 586.13
4/22/05 400624 78.08
4/22/05 400628 226.50
4/22/05 400630 350.00
4/22/05 400632 329.82
4/22/05 400634 26.26
4/22/05 400637 9,794.40
4/22/05 400645 240.00
4/22/05 400650 35.00
4/25/05 400653 5,195.37
4/26/05 400654 1,741.32
4/26/05 400655 544.00
4/26/05 400657 790.56
4/26/05 400659 611.05
4/27/05 400660 294.70
4/27/05 400661 479.21
4/28/05 400666 103.76
4/28/05 400667 24.62
4/28/05 400668 214.11
4/29/05 400673 30,110.88
4/29/05 400675 35,340.20
4/29/05 400676 210.51
4/29/05 400677 300.00
4/29/05 400678 2,047.66
4/29/05 400679 15.00
4/29/05 400680 297.00
4/29/05 400681 39.62
4/29/05 400682 6,764.01
4/29/05 400683 907.14
4/29/05 400684 166.50
4/29/05 400685 391.32
4/29/05 400686 31.14
4/29/05 400688 4,220.71
4/29/05 400689 15.00
4/29/05 400690 570.00
4/29/05 400691 794.00
4/29/05 400692 3,175.27
4/29/05 400693 43.33
4/29/05 400694 15.00
4/29/05 400695 5,370.00
4/29/05 400696 654.45
4/29/05 400697 7,025.00
4/29/05 400698 285.90
4/29/05 400699 77.61
4/29/05 400700 479.72
4/29/05 400701 80.80
4/29/05 400702 857.55
4/29/05 400703 443.35
4/29/05 400704 142.42
4/29/05 400705 161.92
4/29/05 400706 68.10
4/29/05 400707 44.17
4/29/05 400708 4,387.65
4/29/05 400709 789.06
4/29/05 400710 177.22
4/29/05 400711 5,590.99
4/29/05 400712 34.87
4/29/05 400713 3,713.39
4/29/05 400714 83.85
4/29/05 400715 242.67
4/29/05 400716 31.48
4/29/05 400717 1,630.51
4/29/05 400718 859.94
4/29/05 400719 4,000.00
4/29/05 400720 2,432.01
4/29/05 400721 198.15
4/29/05 400722 182.33
4/29/05 400723 45.00
4/29/05 400724 749.28
4/29/05 400725 45.00
4/29/05 400726 193.89
4/29/05 400727 50.50
4/29/05 400728 600.96
4/29/05 400729 10.00
4/29/05 400730 1,908.42
4/29/05 400731 30.00
4/29/05 400732 319.81
4/29/05 400733 209.33
4/29/05 400734 478.62
4/29/05 400735 371.74
4/29/05 400736 344.74
4/29/05 400737 329.74
4/29/05 400738 54.53
4/29/05 400739 1,561.86
4/29/05 400740 462.28
4/29/05 400741 251.15
4/29/05 400742 106.97
4/29/05 400743 62.07
4/29/05 400744 66.95
4/29/05 400745 183.54
4/29/05 400746 238.86
4/29/05 400747 31.27
4/29/05 400748 278.00
4/29/05 400749 744.04
4/29/05 400750 2,468.50
4/29/05 400751 454.17
4/29/05 400752 10.00
4/29/05 400753 109.09
4/29/05 400754 220.90
4/29/05 400755 85.51
4/29/05 400756 45.00
4/29/05 400757 720.01
4/29/05 400758 452.34
4/29/05 400759 1,955.48
4/29/05 400760 75.00
4/29/05 400761 479.05
4/29/05 400762 7,527.40
4/29/05 400763 97.50
4/29/05 400764 115.60
4/29/05 400765 35.62
4/29/05 400766 1,024.00
4/29/05 400767 174.07
4/29/05 400768 489.05
4/29/05 400769 280.16
4/29/05 400770 244.39
4/29/05 400771 100.00
4/29/05 400772 57.00
4/29/05 400773 15.00
4/29/05 400774 611.77
4/29/05 400775 499.72
4/29/05 400776 2,998.00
4/29/05 400777 94.83
4/29/05 400778 6,333.21
4/29/05 400779 57.02
4/29/05 400780 101.20
4/29/05 400781 560.55
$213,009.74
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
A & S PRINTING SERVICE $ 12,425.21
A. RAYMOND INC 608.56
ABB INC. 445.82
ABBOTT SUPPLY LLC 918.72
ABEL OIL CO 1,372.96
ABRASIVE MATERIALS, LLC 2,950.00
ACCURATE EXHAUST 300.00
ACCUTHERM INC. 1,799.20
ACE INSURANCE 8,172.46
ACHESON COLLOIDS COMPANY 3,598.65
ADECCO EMPLOYMENT SERVICES 133,824.92
ADRIAN SAUNDERS 43.08
ALCOA INC. 19,840.00
ALLEGHENY COATINGS 1,926.76
ALRO MASCO ST. LOUIS 2,703.96
AMBROSE HAYS 150.00
AMERICAN METAL CHEMICAL CORP 297.00
AMERICAN TANK & FABRICATING CO 31,422.00
AMI PIPE AND SUPPLY CO. 980.30
APPLEBEE TREE FLOWERS & GIFTS 39.62
AROBOTECH SYSTEMS INC 1,996.69
AT&T 44.99
AT&T 129.71
ATMOS ENERGY 5,446.13
AWERKAMP MACHINE CO. 3,971.35
B.C. MACDONALD & COMPANY 2,791.74
BALZERS TOOL COATING INC. 227.37
BANK OF AMERICA 6,546.57
BANNER MACHINE TOOL&SUPPLY CO 585.50
BATES SALES COMPANY 1,396.23
BDC, INC. 17,215.80
BENT TUBE, INC. 854.41
BFI QUINCY 2,220.69
BIG RIVER OIL CO., INC. 540.60
BIJUR LUBRICATING CORPORATION 139.81
BILL FEITH 75.00
BILT-RITE/BRICO CONVEYORS,I 907.14
BI-STATE LOADING DOCK 956.92
BLEIGH READY MIX CO. 1,966.83
BODLE DIAMOND INDUSTRIES 166.50
BONE FRONTIER 178.43
BOULEVARD PROPERTIESM, LLC. 821.25
BOXES, INC. 12,082.66
BRENT DUDGEON (EMPLOYEE) 1,038.21
BUCKMAN'S CONVENIENCE STORE 1,492.95
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
C&R MARKET - MONROE CITY 216.43
CALIFORNIA INDUSTRIAL PRODUCTS 10,682.43
CAMCAR TEXTRON 10,536.22
CANFIELD & JOSEPH, INC. 1,562.00
CAPE ELECTRICAL SUPPLY, INC. 15,438.99
CARL HAYS (EMPLOYEE) 30.00
CAROLYN A. GRAINGER 12,395.70
CARQUEST OF HANNIBAL 761.04
CASTING EQUIPMENT & SUPPLY 1,295.14
CASTOOL TOOLING SOLUTIONS 1,538.00
CENTERLINE (WINDSOR) LTD 389.15
CENTRAL WELDING SUPPLIES, INC. 35,235.66
CENTURYTEL 4,008.51
CENTURYTEL OF SOUTHWEST MO 64.96
CG TECH 1,350.00
CHARLES KING 40.00
CHARLIE SMOOT (EMPLOYEE) 81.00
CHEM-TREND INCORPORATED 22,024.68
CHINN ENTERPRISES, LLC 24,462.00
CHRISTY REFRACTORIES COMPANY 7,178.81
CITY OF MONROE CITY 117,327.08
CITY OF SHELBINA 536.34
CLAUDE HAWKINS 15.00
CLEAN WATER SOLUTIONS 297.48
CLEM JAMES 192.14
COGSDILL ENTERPRISES INC 322.32
COMMON SENSE ENTERPRISES 405.00
CONCEPT PACKAGING GROUP 740.00
CONTAINER DISTRIBUTERS INC 7,025.00
CONTROL-AIR, INC. 3,632.09
COPPER & BRASS SALES 205.17
CORROSION PRODUCTS INC 1,518.41
COX INDUSTRIAL EQUIP 479.59
CRESCENT ELECTRIC SUPPLY CO 508.18
CREST PRODUCTS INC 4,274.00
CROSS HULLER DRILLUNIT 186.23
CROWN LINEN SERVICE, INC. 1,869.15
CULLIGAN 34.68
DALE ASKEY 13.50
DAN FOSTER (EMPLOYEE) 357.14
DANA CORPORATION 233,882.00
DAVIS TOOL & DIE 111,355.00
DCT INDUSTRIAL SUPPLY 80.80
DEAD SEA MAGNESIUM LTD 846,345.51
DEBBIE LEWIS 49.50
DEBBY SHIVELY (EMPLOYEE) 60.00
DENNY MOSS 30.00
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
DICK BOLING 13.24
DICKSON 64.00
DIEMER & ASSOCIATES 3,142.50
DISA GOFF, INC. 4,689.55
DISCOUNT BATTERY SALES 544.24
D-M-E 1,691.82
DOALL COMPANY 25.09
DON HAYS (EMPLOYEE) 3,762.64
EASTERN ALLOYS 240,738.16
EFD, INC. 247.65
E-JAY THERMO PRODUCTS, INC. 161.92
ELECTROCHEM, INC. OF MO 3,705.75
ELECTRODES, INC. 760.68
EMED COMPANY, INC. 108.10
EMILY RENCH 44.17
ENGINEERED FINISING CORP 652.19
ENGINEERED LUBRICANTS CO. 21,772.12
ENGINEERED PRODUCTS 4,413.27
ENGINEERED SALES 161.50
ERIC BLACKFORD 50.02
ERIC RODGERS (EMPLOYEE) 186.13
ETW INC 1,542.83
FALCON TOOL CO., INC. 24.62
FANUC ROBOTICS NORTH AMERICA 30.00
FASTENAL COMPANY 4,812.10
FEDEX 1,367.46
FLO-PRODUCTS COMPANY 658.58
FRANK FLORI EQUIPMENT CO. 201.75
FRENCH GERLEMAN ELECTRIC CO. 15,918.84
FREUDENBERG - NOK 8,118.40
FS MIDWEST 4,945.00
G.H. TOOL & MOLD 6,676.00
G.S. ROBINS AND COMPANY 2,203.59
GARFIELD ALLOYS, INC. 7,560.00
GARRETT-CALLAHAN CO 517.15
GASKET & SEAL FABRIC. INC. 262.26
GATEWAY METALS INC. 14,747.67
GDC, INC. 2,356.28
GE SILICONES 2,375.68
GEO. C. POTTERFIELD TRUCKING 300.00
GETZ FIRE EQUIPMENT CO. 5,992.86
GRAINGER 12,224.15
GREG COOPER 1,198.51
GULLY TRANSPORATION 550.00
H.R. DIRECT 83.85
HAGERMAN & COMPANY, INC. 859.70
HANNIBAL BOARD OF PUBLIC WORKS 31,536.07
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
HANNIBAL COURIER-POST 109.15
HANNIBAL REGIONAL HOSPITAL 470.00
HEIDBREDER-PETERS CO. 116.07
HEIMER CONSTRUCTION 3,110.00
HEINTZ ELECTRIC COMPANY 1,742.38
HELCO PRECISION TOOLS & GAGES 555.05
HILLYARD FLOOR CARE SUPPLY 6,672.44
HITECH AUTOMATION, INC. 2,746.68
HTE TECHNOLOGIES 28,105.56
ICONNECT 203.20
IDG USA, LLC 22,125.77
IDRAPRINCE, INC. 5,780.81
ILLINI ENVIRONMENTAL INC. 20,000.00
INDUSTRIAL FINISHING SERVICES 45,867.12
INDUSTRIAL MOTION CONTROL LLC 868.36
INDUSTRIAL PROCESS EQUIP GROUP 4,906.23
INDUSTRIAL STRAINER COMPANY 3,982.64
INSIGHT/HARDDRIVES INT'L. 2,358.60
INSTITUTE OF MGT. ACCOUNTANTS 175.00
IOSSO METAL PROCESSES 2,625.00
IOWA MACHINERY & SUPPLY 2,668.08
ISA, INC 991.41
JACKSON BROS-HEARTLAND 2,881.61
JAY GOTTMAN 553.22
JEFF BARKER 129.30
JEFF HOLDER 59.25
JEFF SPALDING (EMPLOYEE) 190.32
JENZANO, INC. 126.93
JERRY RUHL (EMPLOYEE) 1,066.76
JIM SHOEMATE 45.00
JOE MC CLURE (EMPLOYEE) 38.25
JOELLEN DAVIS 934.52
JOHN HENRY FOSTER CO. 4,591.02
JOHN LONG 116.38
JOJO GRIFFIN (EMPLOYEE) 45.00
JOSEPH TAUSER & ASSOCIATES INC 572.22
K. P. WESSELING & CO., INC. 98.13
KAREN HILLS 141.27
KARLA WATSON 60.00
KENNY'S SERVICE CENTER 71.86
KENTUCKY REVENUE CABINET 33.78
KENTUCKY STATE TREASURER 98.50
KEVIN BICHSEL (EMPLOYEE) 50.50
KEY PRODUCTS, INC. 16,562.96
KNERNSCHIELD MANUFACTURING 3,244.50
KONIECZNY TOOL & DIE 13,052.88
L.N. BROSS 16,993.76
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
LAB SAFETY SUPPLY 88.81
LANCE MURDOCK 10.00
LARRY PARRISH 91.32
LEE SPRING COMPANY 48.20
LEO O'LAUGHLIN, INC. 2,600.00
LINDA JACKSON 172.38
LINDA STUTHEIT 10.00
LUBRICATION ENGINEERS 642.21
LUBY EQUIPMENT SERVICES 1,333.39
LYNN CRANE 48.91
MAKINO 162.07
MALCOM CO 306.43
MANPOWER 11,167.47
MARK TWAIN SUPPLY CO. 10,416.89
MARK UTTERBACK (EMPLOYEE) 45.00
MARLIN REAGAN (EMPLOYEE) 30.00
MARLON BUSINESS FORMS 319.81
MARTIN'S TRUE VALUE HARDWARE 419.00
MARVEL ENGINEERING COMPANY 367.69
MC MACHINERY SYSTEMS, INC. 126.17
MCLEAN MIDWEST 151.50
MCMASTER-CARR SUPPLY COMPANY 1,300.64
MERCER 543.00
MERRICK MACHINERY CO. 2,098.32
METAMAG INC. 22,215.00
MFA OIL CO. 2,544.63
MID-AMERICAN PROD. INC 31,185.60
MIDLAND INDUSTRIES, INC. 82,106.87
MIKE BICHSEL (EMPLOYEE) 371.74
MIKE CHURCH (EMPLOYEE) 145.00
MIKE MCNISH 75.00
MIKE SAWYER 61.90
MINITAB INC 1,205.00
MISSOURI DEPARTMENT OF REVENUE 11,498.96
MISSOURI SEC OF STATE 45.00
MISUMI USA INC. 1,016.27
MO. DEPT. OF TRANSPORTATION 276.34
MOHLER MATERIAL HANDLING, I 2,210.10
MONROE AUTO PARTS 441.87
MONROE CITY READY-MIX, LLC 54.53
MONROE CITY SHELTER WORK SHOP 26,443.09
MONROE COUNTY HEALTH DEPT 30.00
MORI SEIKI CO, LTD 530.64
MOTION INDUSTRIES, INC 11,145.84
MOYERS SERVICE CENTER & 1,346.22
MSC INDUSTRIAL SUPPLY CO. 4,777.16
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
MUNICIPAL TOOL & MACHINERY CO 1,825.06
MUNROE MATERIAL HANDLING 105.00
MVI, INC. 668.90
NADCA 1,198.80
NALCO COMPANY 4,968.89
NATIONAL FILTER MEDIA CORP. 183.54
NATIONAL KARD 241.32
NEFF POWER INC. 3,841.59
NEOPOST, INC. 378.81
NEWARK INONE 550.23
NORSK HYDRO CANADA INC 460,155.52
O.K. FASTENERS INC 31.27
OMEGA ENGINEERING, INC. 541.00
ONEOK ENERGY MARKETING COMPANY 43,908.73
OVERHEAD DOOR CO. OF QUINCY 103.76
PALMYRA BOARD OF PUBLIC WORKS 49,425.16
PAT KENDRICK (EMPLOYEE) 73.88
PAULO PRODUCTS CO. 1,436.73
PAYROLL (INCLUDES AMOUNTS PAID BY CORPORATE) 2,460,534.97
PERRY MACHINE AND DIE INC. 90,826.05
PETE PARIS CHEVROLET, INC. 1,843.74
PHELPS ASSOCIATES, INC. 342.00
PLATTS 1,280.00
PMI COMPUTER SUPPLIE 112.15
PRECISION TOOL COMPANY 200.00
PROCESS SOFTWARE CORP 995.00
PRODUCTIVE TOOL PRODUCTS, INC. 855.03
PROFORMA 1,441.91
PROVIDENT LIFE 123.96
PRUDENTIAL INSURANCE 12,764.19
PSYCHEMEDICS CORPORATION 8,635.50
PURCHASE PARTNERS 9,180.00
QSR GROUP, INC. 3,714.12
QUALITY LOGISTICAL SERVICES 1,000.00
QUALITY SERVICE GROUP 1,012.50
QUINCY FREIGHTLINER, INC. 1,300.00
QUINCY INDUSTRIAL PAINTING 802.21
QWEST COMMUNICATIONS 824.00
RADCO INDUSTRIES 5,351.50
RADIO SHACK 22.36
RADLEY CORPORATION 4,236.50
RAMAIR 529.79
RANDY LORENSON 10.00
RAYMOND J. QUINLAND - LANDLORD 3,500.00
REMACOR, INC. 17,529.90
RES MANUFACTURING COMPANY 2,082.20
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
RIBACK SUPPLY CO. 126.86
RICHARD GREENE CO. 2,899.71
RICHARDS ELECTRIC MOTOR CO. 672.60
RIMROCK 12,831.15
ROBEY BUILDING SUPPLY, INC. 314.72
RODIX, INC. 1,008.00
RON BURDITT 45.00
RONNIE BERRY (EMPLOYEE) 81.00
ROTOLITE OF ST.LOUIS INC 98.70
ROTOR CLIP CO INC 4,192.50
RTD OFFICE PRODUCTS 2,280.71
RUSTIC OAK CABIN RESTAURANT 1,506.26
SAFETY-KLEEN SYSTEMS 763.29
SBC 545.37
SCOTT SPECIAL TOOLS, INC. 9,226.81
SCOTT WILLIAMS (EMPLOYEE) 303.97
SEARS COMMERCIAL ONE 766.67
SEMBLEX CORP. 2,087.00
SEMCO, INC. 2,259.45
SHANNAHAN CRANE & HOIST, INC. 11,541.40
SHARP BROS. INC 1,312.50
SHERYL HAYS (EMPLOYEE) 97.50
SLOAN INDUSTRIES INC 7,052.00
SNAP-ON TOOLS 381.31
SOUND SOLUTIONS 61.10
SPAN DE MEXICO 700.00
SPAN MANUFACTURING 1,455.00
SPARTAN LIGHT METAL 69,126.90
SPECTRA COMMUNICATIONS GROUP 343.63
SPECTRO ALLOYS CORP 290,897.30
SPHERION CORPORATION 2,494.00
SPINCRAFT 241.35
SPRINT 6,226.72
ST. LOUIS BOILER SUPPLY 703.06
STACY FOUTES (EMPLOYEE) 186.50
STERLING, INC. 1,200.12
STEVE CHOU 26.26
STILSON PRODUCTS L.L.C. 174.07
STRIPMATIC PRODUCTS INC 4,420.05
SUNNEN PRODUCTS COMPANY 3,730.41
SUNNEX 76.94
SUNSOURCE 1,988.22
SUPPLIER DEVELOPMENT INC 135.00
SURFTRAN MANUFACTURING CO, LLC 280.16
SYMMCO, INCORPORATED 31,525.80
T.F. EHRHART COMPANY 1,601.97
TAYLOR IND SERVICES HPM DIV. 2,831.48
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
TECHMIRE USA 5,797.00
TELESIS TECHNOLOGIES INC 7,996.57
TENNANT 33.48
THE GRIEVE CORPORATION 663.85
THE LAKE GAZETTE 100.00
THE ST. LOUIS DISTRIBUTION 12,801.50
THE SU-DAN COMPANY 2,230.91
THERMO ELECTRON SCIENTIFIC INS 1,625.00
THREE BOND INTERNATIONAL INC. 5,292.00
TIC-MS, INC. 777.00
TIEMANN INDUSTRIAL SUPPLY 84.21
TIFFIN FOUNDRY & MACHINE, INC. 1,990.00
TINNERMAN PALNUT ENGINEERED 33,315.71
TOM DEITZMAN (EMPLOYEE) 84.00
TOM STRUBINGER 27.75
TOOLING ASSOCIATES 1,818.12
TOYOTA TSUSHO AMERICA INC 46,520.99
TRANSMAN 110,269.68
TRESSIE HUFFORD 110.00
U.S. CELLULAR 1,404.06
U.S. MAGNESIUM, LLC 871,739.49
U.S. POSTAL SERVICE 1,778.00
UGS 449.18
UNISOURCE WORLDWIDE INC. 22,272.79
VAC-U-MAX 438.50
VERIZON MESSAGING (24.45)
VICTORY PACKAGING 11,114.48
VIRGINIA WRIGHT 105.02
VISI-TRAK WORLDWIDE, LLC 865.64
VONTHUN POWERWASHING 3,000.00
WALMART 240.00
WANDA-LAM ID CARDS FACTORY 73.29
WES PORTER 121.15
WESBELL DEDICATED ASSEMBLY LTD 2,145.00
WESTHOFF 858.68
WIESE PLANNING & ENGINEERING 10,846.08
WILLIAM A KIBBE & ASSOCIATES 750.00
WILLIAMS EQUIPMENT & ELECTRIC 2,198.49
WINK'S LAWN SERVICE 3,000.00
WISE EL SANTO CO., INC. 4,267.82
YELLOW FREIGHT SYSTEM, INC. 329.74
-------------
$7,485,825.28
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: APRIL 30, 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: MAY 20, 2005 ___________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Form 6
Diversified Diemakers, Inc.
Case Number: 04-67612
Intermet Corporation and Subsidiaries
Schedule of In-Force Insurance
INSURANCE TYPE CARRIER POLICY PERIOD
-------------- -------------- -----------------
Property Lloyds 11/1/04-11/1/05
Boiler/Machine Hartford 11/1/04-11/1/05
Cargo Fireman's Fund 11/1/04-11/1/05
Truck Cargo Fireman's Fund 11/1/04-11/1/05
Aviation USAIG 11/1/04-11/1/05
Fiduciary St. Paul 11/1/04-11/1/05
Primary D&O St. Paul 11/1/04-11/1/05
Excess D&O Chubb 11/1/04-11/1/05
Excess D&O Platte River 11/1/04-11/1/05
Crime AIG 12/1/04-12/1/05
General Liability ACE 12/22/04-12/22/05
Umbrella National Union 12/22/04-12/22/05
Workers' Comp ACE 12/22/04-6/22/05
Excess Workers' Comp ACE 12/22/04-12/22/05
Auto ACE 12/22/04-12/22/05
Foreign (DIC) ACE 12/22/04-12/22/05
Note: This list does not include In-Force Insurance for Foreign Subsidiaries.
UNITED STATES BANKRUPTCY COURT
FOR THE EASTERN DISTRICT OF MICHIGAN
TRANSMITTAL OF FINANCIAL REPORTS AND
CERTIFICATION OF COMPLIANCE WITH UNITED STATES TRUSTEE
OPERATING REQUIREMENTS FOR
THE PERIOD ENDED APRIL 30, 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: MAY 20, 2005 /s/ Robert E. Belts
----------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------------------------
Title Phone
Intermet Corp. and Subsidiaries
Opening Statement
For the Month Ended 4/30/05
($000's)
CASE #04-67600
GANTON
TECHNOLOGIES
----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 3,900 44,952
Cost of Goods Sold
Materials and Freight 1,329 11,599
Wages - Hourly 805 10,341
Wages-Salary 491 3,730
Employee Benefits and Pension 1,267 8,090
Repairs & Maintenance 137 844
Supplies 383 2,198
Utilities 348 2,713
Purchased Components/Services 329 5,438
Income(loss) from Pattern Sales 101 (182)
Fixed Asset - (gain/loss) -- --
MIS Expense 9 59
Travel & Entertainment 16 109
Other Variable Costs 1,808 2,778
Depreciation & Amortization 260 1,818
Other Allocated Fixed Costs -- --
Other Fixed Costs 215 1,535
------ -------
Cost of Goods Sold 7,498 51,070
Gross Profit (3,598) (6,118)
Plant SG&A Expense 27 156
SG&A Expense - Allocation (Sched 1) 168 1,140
Other Operating Expenses 16 9,978
------ -------
Total Operating Expenses 211 11,274
Operating Profit (3,809) (17,392)
Outside Interest Income -- --
Outside Interest (Expense) -- --
Intercompany Interest Income -- --
Intercompany Interest (Expense) (124) (700)
Charges (From) Affiliates -- --
Charges To Affiliates -- --
Income/Loss From European Operations -- --
Other Income/(Expense) -- --
------ -------
Total Non-Operating Expenses (124) (700)
Income Before Income Taxes (3,933) (18,092)
Income Tax Expense 13 82
------ -------
Net Income (3,946) (18,174)
====== =======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs April
(Allocation of Corporate Costs to Filing Entities)
(000's)
April
-------
Officer Compensation $ 189
Salary Expense other Employees 923
Employee Benefits and Pension 106
Payroll Taxes 59
Other Taxes 3
Rent and Lease Expense 184
Interest Expense
Insurance 62
Automobile and Truck Expense 14
Utilities(Gas Electric, Phone) 64
Depreciation 87
Travel and Entertainment 78
Repairs and Maintenance 175
Advertising/Promotion 0
Supplies, Office Expense 19
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 53
Public Reporting Fees 11
Employee Relocation/Training 17
Data Processing 32
Dues and Subscriptions 9
Outside Services 146
Project Development Costs net of Billings 40
Director Fees 25
Miscellaneous 2
Legal Fees 28
Cost Allocation - Europe (78)
Cost Allocation - Out (140)
------
$2,458
======
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 805
------
Total $2,458
======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 4-30-05
($000's)
CASE #04-67600
GANTON
TECHNOLOGIES
--------------
Cash And Equivalents $ 1
Accounts Receivable 5,374
Short-Term Intercompany Receivables 931
Inventories 4,824
Other Current Assets 1,088
---------
TOTAL CURRENT ASSETS 12,218
Land and Buildings 12,390
Machinery & Equipment 39,821
Construction In Progress 991
---------
Total Fixed Assets 53,202
Accumulated Depreciation (34,816)
---------
NET FIXED ASSETS 18,386
Investment In Subsidiaries --
Investment In European Operations --
Long-Term Intercompany Receivables 11,103
Deferred Taxes, Long-Term Asset --
Other Assets 33
---------
TOTAL ASSETS 41,740
=========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable 1,989
Wages and Salaries (See schedule) 122
Taxes Payable - (See schedule) 218
---------
TOTAL POST PETITION LIABILITIES 2,329
SECURED LIABILITIES:
SECURED BANK DEBT --
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes --
Accrued Tax - State 7
Accrued Property Taxes --
Accrued Workers Comp. 1,121
Accrued Payroll -
Accrued Payroll Taxes --
---------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 1,128
UNSECURED LIABILITIES
Accounts Payable 9,632
Senior & IDR Bonds --
---------
TOTAL UNSECURED LIABILITIES 9,632
OTHER LIABILITIES
Accrued Liabilities 4,555
Short-Term Intercompany Payables 77
Capital Leases --
Retirement Benefits 1,673
Deferred Taxes - Long-Term Liability --
Other Long-Term Liabilities --
Long-Term Intercompany Payables 5,099
Minority Interest --
---------
TOTAL LIABILITIES 24,493
Common Stock --
Capital In Excess Of Par Value 160,000
Retained Earnings - Prepetition (124,579)
Retained Earnings - Post Petition (18,174)
Equity In European Operations
Accumulated Translation Adjustment --
Minimum Pension Liability Adjustment --
Unearned Restricted Stock --
---------
TOTAL SHAREHOLDER EQUITY 17,247
---------
TOTAL LIABILITIES AND EQUITY $ 41,740
=========
PERIOD ENDED: 4/30/05 GANTON TECHNOLOGIES (RACINE) CASE #04-67600
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
3/31/2005 Withheld Deposits 4/30/2005
---------- --------- ---------- ----------
Income tax withheld: Federal $ 0 ($293,781) $ 293,781 $ 0
Income tax withheld: State 0 (156,946) 156,946 0
Income tax withheld: Local 0 0 0 0
FICA Withheld 0 (199,622) 199,622 0
Employers FICA 0 0 0 0
Unemployment Tax: Federal 0 0 0 0
Unemployment Tax: State 0 0 0 0
All Other Payroll W/H 0 0 0 0
State Taxes: Inc. /Sales/Use/Excise (14,287) (7,129) 22,321 905
Property Taxes (37,333) (12,501) 0 (49,834)
Workers Compensation 4,393 (190,218) 110,058 (75,767)
---------- --------- ---------- ----------
Total ($47,227) ($860,196) $ 782,727 ($124,697)
Wages and Salaries (210,965) (86,248) 249,148 (48,066)
---------- --------- ---------- ----------
Grand Total ($258,193) ($946,445) $1,031,875 ($172,763)
========== ========= ========== ==========
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 $1,179,409 $ 942,917 $ 6,015 $ 230,477
Accounts Receivable $2,765,811 $1,532,345 $124,441 $1,109,025
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 4/30/2005
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 -- -- 1,000 -- -- --
RECEIPTS 2,082,560 3,872,813 -- -- -- --
TRANSFERS IN (CORPORATE) -- -- -- 719,378 145,112 1,974,951
DIP INFLOW -- -- -- -- -- --
DISBURSEMENTS -- -- -- (719,378) (145,112) (1,974,951)
TRANSFERS OUT (CORPORATE) (2,082,560) (3,872,813) (1,000) -- -- --
DIP REPAYMENT -- -- -- -- -- --
---------- ---------- ------ -------- -------- ----------
ENDING BANK BALANCE -- -- -- -- -- --
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 -- 2,500 2,195 -- --
TRANSFERS IN (CORPORATE) 280,527 300,540 16,095 16,288 16,288
DIP INFLOW -- -- -- -- --
DISBURSEMENTS (280,527) (303,040) (18,289) (16,288) (16,288)
TRANSFERS OUT (CORPORATE) -- -- -- -- --
DIP REPAYMENT -- -- -- -- --
-------- -------- ------- ------- -------
ENDING BANK BALANCE -- -- -- -- --
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 134,312
CHECKS ISSUED 901,572
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 2,860,664
CORPORATE DEBIT MEMOS 27,555
----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $3,924,103
==========
OUTSTANDING CHECKS AS OF MARCH 31 158,031
VOIDED CHECKS OUTSTANDING AS OF MARCH 31 --
CHECKS ISSUED DURING APRIL 901,572
CHECK CLEARED DURING APRIL (864,490) Includes checks clearing from Comerica above.
----------
OUTSTANDING CHECKS AS OF APRIL 30 (SEE OUTSTANDING CHECKLIST) 195,113
==========
GANTON TECHNOLOGIES, INC.
CASE NO. 04-67600
AT 4/30/05
RACINE - BANK RECONCILIATION
Bank Balance $ --
Actual Outstanding Checks 195,113.00
Total PR Outstanding Checks 481,405.34
-----------
676,518.34
Unadjusted GL Balance 676,518.34
-----------
Difference $ --
===========
GANTON TECHNOLOGIES, INC.
CASE NO. 04-67600
RACINE
OUTSTANDING CHECKS
CASE NO. 04-67600
DATE CHECK OUTSTANDING
---- ----- -----------
12/23/04 41255 $ 8,564.76
1/4/05 41299 491.00
1/17/05 41439 774.00
2/8/05 41740 1,581.73
3/4/05 42133 1,500.00
3/30/05 42437 7.76
4/6/05 42510 18.90
4/20/05 42633 35.00
4/20/05 42643 45.64
4/22/05 42657 2,783.00
4/22/05 42659 623.65
4/22/05 42664 828.00
4/22/05 42666 1,050.00
4/25/05 42675 391.67
4/25/05 42676 41,525.00
4/25/05 42677 548.58
4/25/05 42679 529.00
4/25/05 42681 163.60
4/26/05 42685 1,598.40
4/26/05 42687 36.41
4/26/05 42688 62.47
4/26/05 42689 900.00
4/26/05 42690 966.40
4/27/05 42692 34,899.99
4/27/05 42693 1,366.51
4/27/05 42697 398.00
4/28/05 42700 2,400.00
4/28/05 42701 10,482.00
4/28/05 42702 44.62
4/28/05 42703 1,027.22
4/28/05 42704 65.00
4/28/05 42705 7,434.50
4/28/05 42706 619.00
4/28/05 42707 6,496.11
4/28/05 42708 1,311.22
4/28/05 42709 1,813.23
4/28/05 42710 6,604.60
4/28/05 42711 36.00
4/28/05 42712 830.04
4/28/05 42713 426.38
4/29/05 42715 2,115.20
4/29/05 42716 25,700.00
4/29/05 42717 692.94
4/29/05 42718 3,182.76
4/29/05 42719 3,516.48
4/29/05 42720 151.02
4/29/05 42721 1,252.20
4/29/05 42722 8,730.00
4/29/05 42723 123.14
4/29/05 42724 221.87
4/29/05 42725 7,327.00
4/29/05 42726 821.00
$195,113.00
GANTON TECHNOLOGIES, INC. (RACINE) CASE NO. 04-67600
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
A & H SALES AND SERVICE 60,599.99
ABITZ LOADING DOCK 2,400.00
ACCOUNTEMPS 13,491.36
ACE INSURANCE 21,985.00
ADT SECURITY SYSTEMS 6,198.83
ADVANCE AMERICA 132.43
ADVANCED WASTE SERVI 1,237.00
ALCOA FUJIKURA LTD. 15,720.00
AMERICAN CHEMICAL 19,570.73
AMERICAN ENTERPRISE 5,491.57
AMERICAN GENERAL FINANCE 178.48
AMERICAN INDUSTRIAL 7,031.41
AMERICREDIT FINANCIAL 100.00
AMERIGAS - FRANKSVIL 1,200.00
AT&T 80.12
AT&T-UNIVERSAL BILLE 1,328.31
AUTOMATIC DATA PROCE 8,549.00
BELLE CITY FIRE 205.32
BOSTON MUTUAL LIFE 2,783.00
C & C ENTERPRISES, I 717.29
CAMCAR TEXTRON 453.37
CENTRAL TRANSPORT 114.11
CHAPTER 13 TRUSTEE 2,408.00
CITI FINANCIAL 260.00
COMPUWARE 364.00
CON-WAY NOW 1,191.35
CON-WAY TRANSPORTATION --
CO-OPERATIVE CREDIT UNION 35,522.56
CURT PAPE 41.13
DARREN RUGH 984.60
DENTALBLUE 6,186.52
DEPARTMENT OF COMMERCE 35.00
DIRECT DENTAL SERVICE 24,074.50
DIVERSIFIED PRINTING 3,042.41
EAGLE GLOBAL LOGISTICS 105.00
EAST RACINE PET 800.00
EASTERDAY OFFICE 182.24
ED HARBIN 592.25
ELCO TEXTRON INC 623.65
EXECUTIVE CONSULTING INC. 4,207.60
EYE CARE OF WISCONSIN INC 511.28
FANUC AMERICA CORPOR 122.30
FRANKSVILLE OIL CO 313.72
FRED SANDERS 1,230.95
G.E. CAPITAL CORPORA 41,525.00
GENERAL RENTAL CENTE 102.21
GORDON FLESCH CO., I 8,310.23
HIGH RELIABILITY SYS 734.40
IDEALEASE OF SOUTHEA 71,468.87
IMPREX, INC. 22,740.99
INOVIS, INC. 5,896.11
INTERSTATE ERECTING 3,500.00
J & S CHEMICAL CORP 2,003.77
J-COM EDI SERVICES 6.00
JEFF FITZGERALD 443.08
JEFFERSON PILOT FINANCIAL 828.00
JEFFERSON PILOT FINANCIAL 207.45
JEROME POPPE 18.90
JOE COCKING 82.98
JOHN NELSON 100.00
KAZTEX ENERGY MANAGE 142,883.77
KEVIN KOLECHECK 7.50
KRISTIANSEN ENTERPRI 2,738.76
GANTON TECHNOLOGIES, INC. (RACINE) CASE NO. 04-67600
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
LAB SAFETY SUPPLY 17.23
LASALLE NATL LEASING 50,989.53
LIBRA INDUSTRIES, IN 145.62
LIN ROE SERVICES INC 1,250.00
M & I TRUST 25,642.60
MARSHALL & ILSLEY TRUST 433.74
MASTER LOCK 14.75
MCMASTER-CARR SUPPLY 736.56
MENARDS 896.45
MERCER 5,126.00
MERCURY WASTE SOLUTI 437.05
MEREDITH'S CULLIGAN 331.82
MERWIN STOLTZ CO 5,886.60
MIKE STEFANI 287.16
MISDU 65.00
MOTION INDUSTRIES, I 1,003.92
MOUNT PLEASANT SEWER 1,133.57
NASSCO INC. 1,679.78
NATIONAL ELEVATOR 70.00
NELSON ELECTRIC SUPP 25,221.93
OFSI 229.79
OLMSTED PRODUCTS 24,767.14
OMNI WAREHOUSE 351.00
OTIS ELEVATOR COMPANY 151.02
PACKERLAND RENT-A-MA 1,569.88
PANTHER TRANSPORTATION 544.50
PAYROLL (INCLUDES AMOUNTS PAID BY CORPORATE) 2,860,664.45
PENSKE TRUCK LEASING 6,262.39
PER MAR SECURITY SER 2,151.00
PITNEY BOWES CREDIT CORP 1,252.20
PRAXAIR DISTRIBUTION 7,580.52
PUTNAM INVESTMENTS- 6,496.11
QSR GROUP INC. 1,161.50
QUADRA 71,356.42
RACINE WATER AND 560.50
RAUSCH STURM ISRAEL 11.84
ROCKFORD WELDING SUP 378.91
SAFETY KLEEN SYSTEMS 2,271.85
SBC 186.48
SENTINAL TECHNOLOGIES 435.79
STATE MACHINE TOOL C 15,446.25
STEVE MUTCHIE 91.24
STURTEVANT WATER & S 23,864.75
SUMITOMO ELECTRIC CA 540.91
TERRI JARSTAD 74.50
TOBIAN METALS 16,067.37
TRUDELL TRAILERS OF 2,328.84
TWIN CITY OPTICAL 503.10
U.S. CELLULAR 1,671.48
UAW LOCAL 627 6,604.60
UAW V-CAP 36.00
ULINE 2,735.72
UNITED LEASING ASSOC 328.14
UNITED PARCEL SERVIC 64.00
US DEPT OF EDUCATION 496.49
VISION CLINIC 8.00
W.W. GRAINGER INC. 1,691.38
WASTE MANAGEMENT 1,047.40
WATTON LAW GROUP 25.00
WE ENERGIES 136,291.04
WI SCTF 12,870.32
WISC. LIFTING SPECIA 1,493.36
WISCONSIN DEPT OF REVENUE 118.77
WISCONSIN LIFT TRUCK 25,710.11
WOLTER INVESTMENT CO 6,182.30
WOODLAND HILLS 2,094.64
-------------
$3,924,102.71
PERIOD ENDED: 04-30-05 GANTON TECHNOLOGIES (PULASKI) CASE #04-67600
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
3/31/2005 Withheld Deposits 4/30/2005
--------- --------- ---------- ---------
Income tax withheld: Federal ($5,294) ($73,761) $ 71,320 ($7,735)
Income tax withheld: State 0 (171) 171 0
Income tax withheld: Local 0 0 0 0
FICA Withheld (4,441) (27,316) 21,591 (10,166)
Employers FICA (4,441) (27,316) 21,591 (10,166)
Unemployment Tax: Federal (465) (679) 464 (679)
Unemployment Tax: State (3,773) (5,513) 3,773 (5,513)
All Other Payroll W/H 0 0 0 0
State Taxes:
Inc./Sales/Use/Excise (19,904) (6,000) 19,904 (6,000)
Property Taxes (20,731) (7,800) 0 (28,531)
Workers Compensation (7,312) (18,548) 1,770 (24,091)
--------- --------- -------- ---------
Total ($66,360) ($167,104) $140,584 ($92,880)
Wages and Salaries (48,191) (73,977) 48,191 (73,977)
--------- --------- -------- ---------
Grand Total ($114,552) ($241,081) $188,775 ($166,857)
========= ========= ======== =========
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 $ 810,161 $ 615,576 $ 0 $194,585
Accounts Receivable $3,213,013 $2,364,585 $416,907 $431,521
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 4/30/2005
MONTHLY CASH STATEMENT
CASH ACTIVITY ANALYSIS: CASE # 04-67600
GANTON TECHNOLOGIES (PULASKI)
ACCOUNT TYPE LOCKBOX LOCKBOX 673017 LOCKBOX 77165 AP AP PR PR
ACCOUNT # 5402699424 1851811388 644113482 2770721799 2176982953 2770721807 2176983100
BANK Stan Fed Comerica Bank One Stan Fed Comerica Stan Fed Comerica
------------ ---------- -------------- ------------- ---------- ---------- ---------- ----------
BEGINNING BANK BALANCE -- -- -- -- -- -- --
RECEIPTS 6,873 150,519 1,910 -- 688 -- --
TRANSFERS IN (CORPORATE) -- -- -- 402,432 111,212 144,043 413,186
DIP INFLOW -- -- -- -- -- -- --
DISBURSEMENTS -- -- -- (402,432) (111,899) (144,043) (413,186)
TRANSFERS OUT (CORPORATE) (6,873) (150,519) (1,910) -- -- -- --
DIP REPAYMENT -- -- -- -- -- -- --
------ -------- ------ -------- -------- -------- --------
ENDING BANK BALANCE -- -- -- -- -- -- --
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 1,005,313
CHECKS ISSUED 687,413
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 610,048
CORPORATE DEBIT MEMOS 10,317
----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $2,313,092
==========
OUTSTANDING CHECKS AS OF MARCH 31 111,982
VOIDED CHECKS OUTSTANDING AS OF MARCH 31 --
CHECKS ISSUED DURING APRIL 687,413
CHECK CLEARED DURING APRIL (513,644)Includes checks clearing from
Comerica above less an $687.63 ACH.
----------
OUTSTANDING CHECKS AS OF APRIL 30 (SEE OUTSTANDING CHECKLIST) 285,751
==========
GANTON TECHNOLOGIES, INC.
CASE NO. 04-67600
AT 4/30/05
PULASKI - BANK RECONCILIATION
Bank Balance $ --
Actual Outstanding Checks 285,751.11
Total PR Outstanding Checks 85,771.83
Misc. reconiling items adjusted in May 507.64
----------
Total Outstanding Checks 372,030.58
Unadjusted GL Balance 372,030.58
-----------
Difference $ --
===========
GANTON TECHNOLOGIES, INC.
CASE NO. 04-67600
PULASKI
OUSTANDING CHECKS
CASE NO. 04-67600
DATE CHECK OUTSTANDING
---- ----- -----------
11/11/04 12952 $ 770.00
4/5/05 14174 552.59
4/13/05 14266 600.00
4/13/05 14267 5,934.10
4/15/05 14285 5,546.10
4/15/05 14286 9,010.38
4/15/05 14288 21,552.00
4/15/05 14289 309.16
4/15/05 14290 1,225.20
4/15/05 14292 75.00
4/15/05 14293 226.39
4/15/05 14294 1,186.23
4/15/05 14296 22,450.00
4/15/05 14297 1,394.64
4/15/05 14298 2,337.50
4/15/05 14302 4,445.52
4/15/05 14303 1,710.70
4/15/05 14304 542.80
4/15/05 14305 461.12
4/15/05 14307 735.00
4/15/05 14308 63.56
4/21/05 14317 800.69
4/21/05 14320 1,200.00
4/21/05 14321 92.50
4/21/05 14322 1,152.08
4/21/05 14323 107.82
4/21/05 14324 6,440.00
4/21/05 14325 1,946.47
4/21/05 14328 396.92
4/21/05 14329 10,738.58
4/21/05 14330 90.33
4/21/05 14336 741.29
4/21/05 14337 380.90
4/21/05 14339 200.00
4/21/05 14341 136.64
4/21/05 14342 1,622.25
4/21/05 14343 85.00
4/21/05 14347 541.08
4/21/05 14348 490.00
4/27/05 14350 32,295.80
4/27/05 14351 14,367.00
4/27/05 14352 1,154.64
4/27/05 14353 249.00
4/27/05 14354 788.54
4/27/05 14355 1,391.75
4/27/05 14356 122.69
4/27/05 14357 1,152.08
4/27/05 14358 149.10
4/27/05 14359 2,424.65
4/27/05 14360 536.45
4/27/05 14362 978.00
4/27/05 14363 2,971.40
4/27/05 14364 9,333.84
4/27/05 14365 90.33
4/27/05 14366 6,023.82
4/27/05 14367 1,222.00
4/27/05 14368 7,034.22
4/27/05 14369 540.00
4/27/05 14370 2,068.45
4/27/05 14371 8,210.38
4/27/05 14372 1,656.00
4/27/05 14374 995.98
4/27/05 14375 493.65
4/27/05 14377 573.33
4/27/05 14378 11,163.00
4/27/05 14379 12,533.80
4/27/05 14380 989.46
4/27/05 14381 2,364.97
4/27/05 14382 4,500.00
4/27/05 14383 100.00
4/27/05 14384 874.08
4/27/05 14385 85.00
4/27/05 14386 27,294.00
4/27/05 14387 193.56
4/27/05 14388 226.94
4/27/05 14389 490.00
4/29/05 14391 195.00
4/29/05 14392 165.00
4/29/05 14393 1,133.34
4/29/05 14394 4,806.00
4/29/05 14395 6,313.31
4/29/05 14396 1,321.98
4/29/05 14397 1,806.08
4/29/05 14398 1,566.40
4/29/05 14399 2,015.55
4/29/05 14400 500.00
$285,751.11
GANTON TECHNOLOGIES, INC. (PULASKI) CASE NO. 04-67600
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
ACE INSURANCE $ 386.29
ACE METAL CORP 5,546.10
ADVANCE PRODUCTS 255.21
AH ASSOCIATES 1,000.00
AINKU SIVAAINKARAN 307.28
AIR DRAULICS ENGINEE 45,521.25
AIRGAS SOUTH (BOC GA 3,487.53
AL CAST COMPANY 43,074.00
ALLEN WRIGHT MACHINING 984.00
AMCOR 309.16
AMERICAN CHEMICAL 21,552.00
AMERICAN QUALITY 2,154.25
AMERICAN SOCIETY FOR 229.50
ANIXTER PENTACON, IN 1,225.20
ANNE HEATHCOTE 3,894.93
APPLIED ROBOTICS, INC. 1,915.00
APPLIED THERMAL SYSTEMS GRIEVE 323.47
AUTOMATIC DATA PROCE 4,099.12
B & C INSTRUMENTS 788.54
BAGWELL OFF. SYSTEMS, 726.33
BAILEY COMPANY 2,880.91
BANK OF FRANKEW 590.00
BARNETT PEST CONTROL 75.00
BARRY WEBSTER 41.25
BELLWRIGHT INDUSTRIE 22,450.00
BG & R COMPANY 6,000.00
BI-LO / RED FOOD 136.64
BOSTON MUTUAL LIFE 1,391.75
BROOKS AUTO 584.25
BROWNING-FERRIS IND 788.21
C KENNETH STILL 340.00
CARBIDE TOOL SERVICE 600.00
CASTOOL 3,472.50
CENTRAL CHILD SUPPORT 4,420.00
CHILES OIL INC. 641.23
CHRIS DOUTHIT 3,695.00
CINDY WATSON 512.83
CINTAS CORPORATION 3,454.72
COLUMBIA MACHINE WOR 3,360.00
COLUMBIA STATE COMMUNITY 195.00
CONTINENTAL MACHINERY 3,300.00
CULLIGAN WATER SYSTEMS 201.30
DANIEL ETHRIDGE 175.20
EDWARDS XPRESS INC. 9,254.00
FIRE EXTINGUISHER AN 552.59
FIRST NATIONAL 8,254.06
FORKLIFT SYSTEMS 4,306.00
FRANK HARRIS 1,766.82
GE BETZ, INC. 1,401.20
GENERAL SESSIONS CLERK 361.32
GENERAL SUPPLY CORP. 15,800.58
GERALD'S AUTO BODY REPAIR 129.21
GANTON TECHNOLOGIES, INC. (PULASKI) CASE NO. 04-67600
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
GILES FARMERS COOPERATIVE 132.44
GLOBAL EXCHANGE SERV 95.18
HENRY E. HILDEBRAND, III 1,890.75
HILDRETH MANUFACTURI 2,448.00
IMCO RECYCLING 178,266.00
INDUSTRIAL FINISHING 978.00
INTERMET 492.48
J & H MACHINE TOOL I 396.92
J & K INDUSTRIAL SUP 3,717.99
J&J/INGAS PROPANE 1,070.00
JAMIE PATTERSON 800.00
JEFFERSON PILOT FINA 995.98
JEFFERSON PILOT FINA 493.65
JM FOREST PRODUCTS, 10,926.00
JOHN NELSON 657.48
JOHN-MICHAELS ENTERP 578.60
KEYENCE CORP. OF AMERICA 1,222.00
LAKESIDE MANUFACTURI 31,287.52
LANDAUER 271.74
LEWISBURG RUBBER AND 1,408.76
LIN ROE 2,500.00
LIVINGSTON AND HAVEN 383.60
LOCHER, INC. 2,392.50
LOC-TIGHT STORAGE 190.00
MAGNA-TECH MFG. CORP. 417.50
MAGNA-TECH SE. 2,923.17
MANAR, INC. 3,761.54
MARTIN SUPPLY CO., INC. 1,313.21
MCMASTER-CARR SUPPLY 2,121.74
MERCER 9,911.00
METOKOTE 1,140.00
METOKOTE CORPORATION 8,002.55
MIGUEL MEDINA 10,132.53
MIKE COLLINS 165.00
MIRSA 14,003.88
MOTION INDUSTRIES 1,321.98
NEWCO, INC. 18,159.98
OAKWOOD APARTMENTS 1,350.00
OTHER TO BE RECONCILED 1,050.00
PACKAGING FULFILLMEN 35,608.34
PAYROLL (INCLUDES AMOUNTS PAID BY CORPORATE) 610,047.84
PEREZ SERVICES INC. 16,979.32
PHYLLIS GLOSSUP 500.00
PHYSICIANS AND SURGE 68.00
PIONEER METAL FINISH 989.46
POWER CLEANING EQUIP., INC. 4,946.17
PRECISION MACHINERY 4,075.67
PROCLEAN SUPPLIES & 723.21
PTI QUALITY CONTAINMENT 1,806.08
PULASKI ELECTRIC, WA 117,768.44
PUTNAM INVESTMENTS 12,746.94
QUAD STEEL CORPORATION 4,500.00
RANDSTAD 34,275.16
GANTON TECHNOLOGIES, INC. (PULASKI) CASE NO. 04-67600
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
RAY LUNTSFORD 629.14
RICHLAND INN 171.72
RICHLAND, LLC 1,566.40
RIVERSBURG WELDING C 6,090.00
ROBERT W. HERR 14,042.03
SEC OF STATE--TN 20.00
SEI ENVIROMENTAL INC 735.00
SMUKA TRADING, INC 5,980.10
SPECTRO ALLOYS CORP 784,497.41
SRI 2,139.38
ST. JOE TOOL COMPANY 4,375.00
STEPHANIE WALTER 780.49
STEVE ROMICK 611.42
TAMMY KAY BOWEN 464.12
TRANSMAN 44,547.43
VIBRO/DYNAMICS CORP. 41,736.00
VISI-TRAK WORLDWIDE LLC 193.56
WATSON'S OFFICE SUPP 1,197.39
$2,313,091.62
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: APRIL 30, 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: MAY 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 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 APRIL 30, 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: MAY 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 4/30/05
($000'S)
CASE # 04-67601
INTERMET
HOLDING CO.
----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales -- --
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 -- -- *Note: Intermet Holding Company is a holding company of
Fixed Asset - (gain/loss) -- -- certain foreign subsidiaries and does not itself have any
MIS Expense -- -- domestic operations. As a result, Intermet Holding
Travel & Entertainment -- -- Company's results are incorporated in the results of
Other Variable Costs -- -- Intermet Corporation foreign subsidiaries. For April,
Depreciation & Amortization -- -- $395,000 of Intercompany interest was eliminated through
Other Allocated Fixed Costs -- -- foreign operations and therefore not included in this
Other Fixed Costs -- -- statement.
--- ---
Cost of Goods Sold -- -- Current Month Total Since Filing
Gross Profit -- -- ($395) ($2,736)
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 -- --
=== ===
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs April
(Allocation of Corporate Costs to Filing Entities)
(000's)
April
------
Officer Compensation $ 189
Salary Expense other Employees 923
Employee Benefits and Pension 106
Payroll Taxes 59
Other Taxes 3
Rent and Lease Expense 184
Interest Expense
Insurance 62
Automobile and Truck Expense 14
Utilities(Gas Electric,Phone) 64
Depreciation 87
Travel and Entertainment 78
Repairs and Maintenance 175
Advertising/Promotion 0
Supplies, Office Expense 19
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 53
Public Reporting Fees 11
Employee Relocation/Training 17
Data Processing 32
Dues and Subscriptions 9
Outside Services 146
Project Development Costs net of Billings 40
Director Fees 25
Miscellaneous 2
Legal Fees 28
Cost Allocation - Europe (78)
Cost Allocation - Out (140)
------
$2,458
======
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 805
------
Total $2,458
======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 4-30-05
($000's)
CASE # 04-67601
INTERMET
HOLDING CO. (NOTE 1)
--------------------
Cash And Equivalents
Accounts Receivable
Short-Term Intercompany Receivables
Inventories
Other Current Assets --
--------
TOTAL CURRENT ASSETS --
Land and Buildings --
Machinery & Equipment --
Construction In Progress --
--------
Total Fixed Assets --
Accumulated Depreciation --
--------
NET FIXED ASSETS --
Investment In Subsidiaries 90,292
Investment In European Operations --
Long-Term Intercompany Receivables 8,246
Deferred Taxes, Long-Term Asset
Other Assets --
--------
TOTAL ASSETS 98,538
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable --
Wages and Salaries (See schedule) --
Taxes Payable - (See schedule) --
--------
TOTAL POST PETITION LIABILITIES --
SECURED LIABILITIES:
SECURED BANK DEBT --
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes --
Accrued Tax - State --
Accrued Property Taxes --
Accrued Workers Comp. --
Accrued Payroll --
Accrued Payroll Taxes --
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES --
UNSECURED LIABILITIES
Accounts Payable --
Senior & IDR Bonds --
--------
TOTAL UNSECURED LIABILITIES --
OTHER LIABILITIES
Accrued Liabilities --
Short-Term Intercompany Payables --
Capital Leases --
Retirement Benefits --
Deferred Taxes - Long-Term Liability --
Other Long-Term Liabilities --
Long-Term Intercompany Payables 148,355
Minority Interest --
--------
TOTAL LIABILITIES 148,355
Common Stock 1
Capital In Excess Of Par Value 1
Retained Earnings - Prepetition (18,705)
Retained Earnings - Post Petition (2,736)
Equity In European Operations
Accumulated Translation Adjustment (28,378)
Minimum Pension Liability Adjustment --
Unearned Restricted Stock --
--------
TOTAL SHAREHOLDER EQUITY (49,817)
--------
TOTAL LIABILITIES AND EQUITY $ 98,538
========
Note 1: 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's Foreign subsidiaries.
PERIOD ENDED: 04-30-05 INTERMET HOLDING COMPANY CASE #04-67601
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
3/31/2005 Withheld Deposits 4/30/2005
--------- --------- ---------- ---------
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 petition) 0-30 Days 30-60 Days Over 60 Days
- ---------------------------- --------- ---------- ------------
Accounts Payable $0 $0 $0
Accounts Receivable $0 $0 $0
MONTHLY CASH STATEMENT
Period Ending: APRIL 30, 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: MAY 20, 2005 ________________________________________
Debtor in Possession
Form 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: APRIL 30, 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: MAY 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 APRIL 30, 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: MAY 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 4/30/05
($000's)
CASE # 04-67604
INTERMET
ILLINOIS
----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales -- --
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 -- --
=== ===
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs April
(Allocation of Corporate Costs to Filing Entities)
(000's)
April
------
Officer Compensation $ 189
Salary Expense other Employees 923
Employee Benefits and Pension 106
Payroll Taxes 59
Other Taxes 3
Rent and Lease Expense 184
Interest Expense
Insurance 62
Automobile and Truck Expense 14
Utilities (Gas Electric, Phone) 64
Depreciation 87
Travel and Entertainment 78
Repairs and Maintenance 175
Advertising/Promotion 0
Supplies, Office Expense 19
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 53
Public Reporting Fees 11
Employee Relocation/Training 17
Data Processing 32
Dues and Subscriptions 9
Outside Services 146
Project Development Costs net of Billings 40
Director Fees 25
Miscellaneous 2
Legal Fees 28
Cost Allocation - Europe (78)
Cost Allocation - Out (140)
------
$2,458
======
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 805
------
Total $2,458
======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 4-30-05
($000's)
CASE # 04-67604
INTERMET
ILLINOIS
---------------
Cash And Equivalents
Accounts Receivable
Short-Term Intercompany Receivables
Inventories
Other Current Assets --
-----
TOTAL CURRENT ASSETS --
Land and Buildings --
Machinery & Equipment 163
Construction In Progress (163)
-----
Total Fixed Assets --
Accumulated Depreciation --
-----
NET FIXED ASSETS --
Investment In Subsidiaries --
Investment In European Operations --
Long-Term Intercompany Receivables --
Deferred Taxes, Long-Term Asset
Other Assets --
-----
TOTAL ASSETS --
=====
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable
Wages and Salaries (See schedule)
Taxes Payable - (See schedule)
-----
TOTAL POST PETITION LIABILITIES --
SECURED LIABILITIES:
SECURED BANK DEBT --
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes --
Accrued Tax - State --
Accrued Property Taxes --
Accrued Workers Comp. --
Accrued Payroll --
Accrued Payroll Taxes --
-----
TOTAL TAXES AND OTHER PRIORITY LIABILITIES --
UNSECURED LIABILITIES
Accounts Payable --
Senior & IDR Bonds --
-----
TOTAL UNSECURED LIABILITIES --
OTHER LIABILITIES
Accrued Liabilities --
Short-Term Intercompany Payables --
Capital Leases --
Retirement Benefits
Deferred Taxes - Long-Term Liability
Other Long-Term Liabilities
Long-Term Intercompany Payables 100
Minority Interest
-----
TOTAL LIABILITIES 100
Common Stock --
Capital In Excess Of Par Value --
Retained Earnings - Prepetition (100)
Retained Earnings - Post Petition 0
Equity In European Operations
Accumulated Translation Adjustment --
Minimum Pension Liability Adjustment
Unearned Restricted Stock
-----
TOTAL SHAREHOLDER EQUITY (100)
-----
TOTAL LIABILITIES AND EQUITY $ --
=====
PERIOD ENDED: 04-30-05 INTERMET ILLINOIS CASE #04-67604
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
3/31/2005 Withheld Deposits 4/30/2005
--------- --------- ---------- ---------
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 petition) 0-30 Days 30-60 Days Over 60 Days
- ---------------------------- --------- ---------- ------------
Accounts Payable $0 $0 $0
Accounts Receivable $0 $0 $0
MONTHLY CASH STATEMENT
Period Ending: APRIL 30, 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: MAY 20, 2005 ________________________________________
Debtor in Possession
Form 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: APRIL 30, 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: MAY 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 APRIL 30, 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: MAY 20, 2005 /s/ Robert E. Belts
--------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
--------------------------------------
Title Phone
MONTHLY CASH STATEMENT
Period Ending: APRIL 30, 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 (C-D) ALL ACTIVITY FOR INTERMET INTERNATIONAL, INC.
IS 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: MAY 20, 2005 ________________________________________
Debtor in Possession
Form 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: APRIL 30, 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: MAY 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 APRIL 30, 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: MAY 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 4/30/05
($000's)
CASE #04-67598
INTERMET U.S.
HOLDING
----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 5,626 42,410
Cost of Goods Sold
Materials and Freight 2,938 15,535
Wages - Hourly 644 6,004
Wages-Salary 329 2,647
Employee Benefits and Pension 494 3,337
Repairs & Maintenance 177 2,156
Supplies (186) 2,565
Utilities 446 3,883
Purchased Components/Services 136 1,844
Income(loss) from Pattern Sales -- 754
Fixed Asset - (gain/loss) (20) 567
MIS Expense 56 375
Travel & Entertainment (8) 27
Other Variable Costs 349 1,325
Depreciation & Amortization 464 3,782
Other Allocated Fixed Costs -- 1
Other Fixed Costs 189 1,277
----- ------
Cost of Goods Sold 6,008 46,079
Gross Profit (382) (3,669)
Plant SG&A Expense -- --
SG&A Expense - Allocation (Sched 1) 261 1,762
Other Operating Expenses 54 513
----- ------
Total Operating Expenses 315 2,275
Operating Profit (697) (5,944)
Outside Interest Income -- --
Outside Interest (Expense) -- --
Intercompany Interest Income -- --
Intercompany Interest (Expense) (133) (743)
Charges (From) Affiliates -- --
Charges To Affiliates -- --
Income/Loss From European Operations -- --
Other Income/(Expense) -- 16
----- ------
Total Non-Operating Expenses (133) (727)
Income Before Income Taxes (830) (6,671)
Income Tax Expense -- (1)
----- ------
Net Income (830) (6,670)
===== ======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs April
(Allocation of Corporate Costs to Filing Entities)
(000's)
April
------
Officer Compensation $ 189
Salary Expense other Employees 923
Employee Benefits and Pension 106
Payroll Taxes 59
Other Taxes 3
Rent and Lease Expense 184
Interest Expense
Insurance 62
Automobile and Truck Expense 14
Utilities (Gas Electric,Phone) 64
Depreciation 87
Travel and Entertainment 78
Repairs and Maintenance 175
Advertising/Promotion 0
Supplies, Office Expense 19
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 53
Public Reporting Fees 11
Employee Relocation/Training 17
Data Processing 32
Dues and Subscriptions 9
Outside Services 146
Project Development Costs net of Billings 40
Director Fees 25
Miscellaneous 2
Legal Fees 28
Cost Allocation - Europe (78)
Cost Allocation - Out (140)
------
$2,458
======
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 805
------
Total $2,458
======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 4-30-05
($000's)
CASE #04-67598
INTERMET U.S.
HOLDING
--------------
Cash And Equivalents $ 1
Accounts Receivable 7,871
Short-Term Intercompany Receivables 21
Inventories 6,599
Other Current Assets (33)
--------
TOTAL CURRENT ASSETS 14,459
Land and Buildings 30,171
Machinery & Equipment 62,222
Construction In Progress 299
--------
Total Fixed Assets 92,692
Accumulated Depreciation (51,416)
--------
NET FIXED ASSETS 41,276
Investment In Subsidiaries --
Investment In European Operations --
Long-Term Intercompany Receivables --
Deferred Taxes, Long-Term Asset --
Other Assets 1,247
--------
TOTAL ASSETS 56,982
========
Liabilities and Shareholder Equity
POST PETITION LIABILITIES
Accounts Payable 806
Wages and Salaries (See schedule) 490
Taxes Payable - (See schedule) 549
--------
TOTAL POST PETITION LIABILITIES 1,845
SECURED LIABILITIES:
SECURED BANK DEBT --
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes --
Accrued Tax - State --
Accrued Property Taxes (38)
Accrued Workers Comp. 473
Accrued Payroll --
Accrued Payroll Taxes --
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 435
UNSECURED LIABILITIES
Accounts Payable 7,853
Senior & IDR Bonds --
--------
TOTAL UNSECURED LIABILITIES 7,853
OTHER LIABILITIES
Accrued Liabilities 1,993
Short-Term Intercompany Payables 5
Capital Leases --
Retirement Benefits --
Deferred Taxes - Long-Term Liability --
Other Long-Term Liabilities --
Long-Term Intercompany Payables 21,435
Minority Interest --
--------
TOTAL LIABILITIES 33,566
Common Stock 5
Capital In Excess Of Par Value 54,495
Retained Earnings - Prepetition (24,414)
Retained Earnings - Post Petition (6,670)
Equity In European Operations --
Accumulated Translation Adjustment --
Minimum Pension Liability Adjustment --
Unearned Restricted Stock --
--------
TOTAL SHAREHOLDER EQUITY 23,416
--------
TOTAL LIABILITIES AND EQUITY $ 56,982
========
PERIOD ENDED: 04-30-05 INTERMET U.S. HOLDING (COLUMBUS MACHINING) CASE #04-67598
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
3/31/2005 Withheld Deposits 4/30/2005
---------- --------- ---------- ----------
Income tax withheld: Federal $ 1,661 ($9,625) $ 9,792 $ 1,827
Income tax withheld: State (985) (3,136) 3,262 (859)
Income tax withheld: Local 0 0 0 0
FICA Withheld 5,978 (4,542) 4,752 6,188
Employers FICA (957) (22,856) 17,075 (6,738)
Unemployment Tax: Federal (1,733) 0 4 (1,729)
Unemployment Tax: State (28,484) 0 16,096 (12,388)
All Other Payroll W/H 0 0 0 0
State Taxes: Inc./Sales/Use
/Excise (334) (166) 0 (500)
Property Taxes (108,303) (17,415) 0 (125,718)
Workers Compensation 5,785 (5,479) 9,639 9,946
---------- --------- ------- ----------
Total ($127,372) ($63,219) $60,620 ($129,971)
Wages and Salaries 23,415 (52,463) 30,441 1,393
---------- --------- ------- ----------
Grand Total ($103,957) ($115,682) $91,061 ($128,578)
========== ========= ======= ==========
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 ($37) ($37) $ 0 $ 0
Accounts Receivable $59,461 $48,269 $6,900 $4,292
PERIOD ENDED: 04-30-05 INTERMET U.S. HOLDING CORP. (NEW RIVER) CASE #04-67598
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
3/31/2005 Withheld Deposits 4/30/2005
------------ ----------- ---------- ----------
Income tax withheld: Federal $ 16,028 ($122,250) $ 106,221 $ 0
Income tax withheld: State 6,220 (45,754) 39,534 0
Income tax withheld: Local 0 0 0 0
FICA Withheld 10,615 (77,259) 66,644 0
Employers FICA (8,492) (71,171) 66,644 (13,020)
Unemployment Tax: Federal (59,745) (2,042) 13,762 (48,025)
Unemployment Tax: State (162,013) (3,426) 137,859 (27,580)
All Other Payroll W/H (21,831) (46,096) 41,203 (26,724)
State Taxes: Inc./Sales/Use/Excise (15,000) (10,662) 10,662 (15,000)
Property Taxes (100,000) (30,096) 96 (130,000)
Workers Compensation (142,133) (16,874) 0 (159,007)
------------ ----------- ---------- ----------
Total ($476,351) ($425,629) $ 482,624 ($419,356)
Wages and Salaries (555,275) (955,688) 1,019,876 (491,088)
------------ ----------- ---------- ----------
Grand Total ($1,031,627) ($1,381,317) $1,502,500 ($910,444)
============ =========== ========== ==========
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 $ 805,805 $ 804,933 $ 871 $ 0
Accounts Receivable $7,910,000 $5,800,000 $1,100,000 $1,010,000
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 4/30/2005
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 38,540 130,712 -- -- -- --
TRANSFERS IN (CORPORATE) -- -- 23,130 9,574 13,472 43,570
DIP INFLOW -- -- -- -- -- --
DISBURSEMENTS (38,540) -- (23,130) (9,574) (13,472) (43,570)
TRANSFERS OUT (CORPORATE) -- (130,712) -- -- -- --
DIP REPAYMENT -- -- -- -- -- --
ENDING BANK BALANCE -- -- -- -- -- --
------ ------- -------- ----- ------ ------
-- -- -- -- -- --
MATERIALS & OTHER
DISBURSEMENTS PAID FOR BY CORPORATE 22,117
CHECKS ISSUED --
PAYROLL DISBURSED
(INCLUDES PAYROLL PAID BY CORPORATE) 67,342
CORPORATE DEBIT MEMOS 8,255
--------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS
RECONCILIATION) $ 97,714
========
OUTSTANDING CHECKS AS OF MARCH 31 23,130
VOIDED CHECKS OUTSTANDING AS OF MARCH 31 --
CHECKS ISSUED DURING APRIL --
CHECK CLEARED DURING APRIL (23,130)
--------
OUTSTANDING CHECKS AS OF APRIL 30
(SEE OUTSTANDING CHECKLIST) $ --
========
INTERMET U.S. HOLDING, INC. (COLUMBUS MACHINING) CASE NO. 04-67598
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
ACE INSURANCE $ 6.00
ADP 162.90
ADP 162.90
ADP 70.55
AFLAC 242.00
ATMOS ENERGY 14.72
BELL SOUTH 236.03
COLUMBUS WATER WORKS 334.73
DOWDLE GAS 267.40
GEORGIA CHILD SUPPORT 360.00
GLOBAL EXCHANGE SVCS 120.00
ITC 2,277.89
PAYROLL (INCLUDES AMOUNTS PAID BY CORPORATE) 67,341.52
SOUTHERN STATES 1,605.00
TRANSMAN LOGISTICS 21,031.18
VERIZON WIRELESS 2,395.26
W.T. HARVEY LUMBER 619.69
WASTE MANAGEMENT 466.24
----------
$97,714.01
INTERMET U.S. HOLDING, INC.
CASE NO. 04-67598
AT 4/30/05
COLUMBUS MACHINING - BANK RECONCILIATION
Bank Balance $--
Actual Outstanding Checks --
Unadjusted GL Balance --
---
$--
===
Intermet Corporation and Subsidiaries
Cash Activity Analysis:
Month Ended 4/30/2005
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 2,726,675 2,634,230 -- -- --
TRANSFERS IN (CORPORATE) -- -- 1,598,165 730,291 324,657
DIP INFLOW -- -- -- -- --
DISBURSEMENTS -- -- (1,598,165) (730,291) (324,657)
TRANSFERS OUT (CORPORATE) (2,726,675) (2,634,230) -- -- --
DIP REPAYMENT -- -- -- -- --
---------- ---------- ---------- -------- --------
ENDING BANK BALANCE -- -- -- -- --
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 1,167,320
CHECKS ISSUED 1,969,797
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 1,100,105
CORPORATE DEBIT MEMOS 24,129
-----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 4,261,351
===========
OUTSTANDING CHECKS AS OF MARCH 31 17,474
VOIDED CHECKS OUTSTANDING AS OF MARCH 31 --
CHECKS ISSUED DURING APRIL 1,969,797
CHECK CLEARED DURING APRIL (1,598,165)
-----------
OUTSTANDING CHECKS AS OF APRIL 30 (SEE OUTSTANDING CHECKLIST) $ 389,107
===========
Intermet U.S. Holding, Inc.
Case No. 04-67598
At 4/30/05
New River - Bank Reconciliation
Bank Balance $ --
Actual Outstanding Checks 389,106.76
Misc. Reconciling Items Adjusted in May (4,879.56)
-----------
384,227.20
Unadjusted GL Balance 384,227.20
-----------
Difference $ --
===========
New River
Outstanding Checks
Case No. 04-67598
DATE CHECK OUTSTANDING
---- ----- -----------
2/8/05 103057 $ 350.00
1/20/05 104413 188.93
4/1/05 105245 360.02
4/1/05 105251 20.00
4/1/05 105282 14.10
4/15/05 105378 800.00
4/15/05 105379 115.47
4/22/05 105435 75.80
4/22/05 105443 12,047.75
4/22/05 105454 42.00
4/22/05 105457 867.29
4/22/05 105458 225.00
4/22/05 105481 160.00
4/29/05 105508 440.30
4/29/05 105509 990.30
4/29/05 105510 779.99
4/29/05 105511 2,130.19
4/29/05 105512 122.58
4/29/05 105513 1,708.00
4/29/05 105514 300.00
4/29/05 105515 534.34
4/29/05 105516 1,268.88
4/29/05 105518 7,310.76
4/29/05 105519 200.00
4/29/05 105520 444.00
4/29/05 105521 7,800.00
4/29/05 105522 2,770.50
4/29/05 105523 160.00
4/29/05 105527 15,830.40
4/29/05 105528 112.42
4/29/05 105529 6,531.75
4/29/05 105531 65.00
4/29/05 105532 54.00
4/29/05 105533 9,571.54
4/29/05 105534 1,303.59
4/29/05 105535 107.64
4/29/05 105536 2,300.00
4/29/05 105537 784.00
4/29/05 105538 1,470.05
4/29/05 105540 475.00
4/29/05 105541 4,438.15
4/29/05 105542 332.50
4/29/05 105543 11,134.00
4/29/05 105544 97.10
4/29/05 105545 2,205.23
4/29/05 105547 630.00
4/29/05 105548 6,258.00
4/29/05 105549 130.26
4/29/05 105550 1,009.20
4/29/05 105552 503.53
4/29/05 105553 750.00
4/29/05 105554 18,251.50
4/29/05 105555 144.99
4/29/05 105556 1,889.33
4/29/05 105557 350.00
4/29/05 105558 3,963.79
4/29/05 105559 90.88
4/29/05 105560 310.00
4/29/05 105561 690.27
4/29/05 105562 3,875.55
4/29/05 105563 398.00
4/29/05 105564 4,601.27
4/29/05 105566 4,545.97
4/29/05 105567 71.88
4/29/05 105568 5,075.95
4/29/05 105570 465.00
4/29/05 105571 22,084.32
4/29/05 105572 52,897.70
4/29/05 105581 71,240.83
4/29/05 105582 26,077.36
4/29/05 105583 59,310.65
4/29/05 105603 1,807.85
4/29/05 105604 367.49
4/29/05 105605 115.50
4/29/05 105606 2,161.12
$389,106.76
INTERMET U.S. HOLDING, INC. (NEW RIVER) CASE NO. 04-67598
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
ADVANCED CARBIDE TOOL $ 2,933.80
AETNA US HEALTH CARE 14,090.43
AIR COMPLIANCE GROUP LLC 9,049.68
AIR PRODUCTS & CHEMICAL 5,009.69
AIRGAS INC 1,759.94
APPLIED INDUST. TECH 2,250.34
ARAMARK UNIFORM SERVICE 623.30
ARBON EQUIPMENT CORP. 122.58
ARCET 1,913.04
AT&T 2,320.90
ATCO INDUSTRIES 1,708.00
ATLANTIC COAST TOYOTALIFT 950.00
ATMOS ENERGY 5,460.73
ATMOS ENERGY MARKETING 113,016.09
B & S INDUSTRIAL SERVIC 1,540.00
BEST ONE TIRE 7,297.72
BLUEFIELD GEAR & MACHINE 3,838.16
BOB'S REFUSE SERVICE IN 1,032.61
CAMPBELL COUNTY TREASURER 400.00
CANON FINANCIAL 534.34
CARILION GILES MEMORIAL HOSP 1,268.88
CARILION NRV MEDICAL CENTER 360.02
CC METALS AND ALLOYS IN 22,141.87
CENTRAL VALLEY RUBBER S 13,871.55
CHAMPION CHISEL WORKS, 8,418.76
CHICAGO FREIGHT CAR LEA 11,744.71
CHIP OF NRV 200.00
CITICORP VENDOR FINANCE 444.00
CITIFINANCIAL 113.84
CITY OF RADFORD 370,359.29
CITY OF RADFORD FORESTRY 800.00
COMMERCIAL STEEL ERECTI 500.00
COMMONWEALTH OF VIRGINIA 145.11
CUMMINS ATLANTIC INC. 839.61
CUSTOM CONTRACTING 4,150.00
CUTLER-HAMMER INC. 7,800.00
DETEK INC. 1,050.00
DISA GOFF, INC 2,770.50
DISA INDUSTRIES, INC 52,897.70
DONNIE'S GARAGE 75.80
DUBOIS FINISHING TECHNOLOGIES 3,217.50
ELKEM METALS INC. 20,420.40
EMERGENCY SERVICES 115.47
EMI EQUIPMENT MERCHANTS 12.41
ENVIRITE OF OHIO 1,807.85
ENVIRONMENTAL ENGINEERI 160.00
ENVIRONMENTAL OPTIONS INC. 2,575.00
EVANS,ROBERT D 26.63
FAIRLAWN STORAGE 132.00
FAULKNER IND MAINTENANC 367.49
FETTER FINISHING 78,062.80
FIRE EQUIPMENT CO.INC. 1,005.50
FLINT, JEREMY 111.04
FOSECO INC. 6,630.00
FRENCH, LYDIA 389.99
G E CAPITAL 15,719.00
INTERMET U.S. HOLDING, INC. (NEW RIVER) CASE NO. 04-67598
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
GREAT LAKES PRODUCTION SUPPORT 18,579.50
H.C. WADE 1,399.00
HA INTERNATIONAL, LLC 90,137.07
HAMLEY, JEFF 64.39
HARRIS RENTALS 65.00
HART METALS, INC. 37,400.00
HARTLEY CONTROLS CORP 54.00
HEAT TREATING SERVICES 55,822.31
HEATH OIL LLC 5,564.32
HELBLING, RICHARD H 478.63
HENLEY TOOL CORP. 1,860.00
HERAEUS ELECTRO NITE CO 13,286.52
HICKMAN, WILLIAMS AND CO 784.00
HIGHLAND PAGING 356.59
HILL AND GRIFFITH CO. 125,725.53
HOMESTEAD MATERIALS HAND, 1,470.05
HOWELL, DOUG 339.95
IBM 1,364.05
INDUSTRIAL POWDER COATI 3,229.13
INDUSTRIAL SUPPLY CORP 318,080.18
INTERNATIONAL SURFACE P 4,438.15
JENKINS,KURT 99.79
JONES,WILLARD 332.50
KEYSTONE INSULATOR-CLEANER 2,000.00
KOINS CORPORATION 11,134.00
KWIK KAFE CO 278.00
LAND TRANSPORTATION 1,713.59
LINA. 74.00
LIVINGSTON AND HAVEN IN 331.17
LLOYD ELECTRIC CO.INC. 19,344.32
MARJO PLASTICS CO INC 1,258.18
MARSHALL WIRT & COMPANY 1,944.00
MCC 8,034.25
MCCOMBS, BRENT 130.26
MCELROY,JOHN C 1,514.08
METEC INC 13,500.00
MILLER AND COMPANY LLC 167,449.91
MOODY,DWAYNE 1,167.29
MOUNTAIN SPRINGS 270.00
NATIONAL MATERIAL TRADING 80,878.75
NEW RIVER GLASS 1,009.20
NEW RIVER RECYCLING 16,539.00
NEW RIVER SOLID WASTE M 60,562.65
NEW RIVER VALLEY PIZZA LLC 63.77
NORFOLK SOUTHERN (GA) 138,316.18
NORTHBEND PATTERN WORKS 143,342.80
NOVUS, LLC DBA: VALUELINE 31.15
OLVER, INC. 2,000.00
OMNISOURCE CORPORATION 580,303.84
OMNISOURCE FT 31,200.00
OWEN, JESSE 30.39
PAGE, JOHN D. 53.97
PATTERN SERVICES 3,000.00
PEARSON, MURRAY 1,618.58
PERDUE,ALVIN J 53.87
PORTER WARNER INDUSTRIE 1,338.00
PREMIER PROPANE 22,517.37
PROCHEM ANALYTICAL INCO 365.00
INTERMET U.S. HOLDING, INC. (NEW RIVER) CASE NO. 04-67598
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
PROVIDENT LIFE 2,228.33
PULASKI CIRCUIT COURT 992.47
PULASKI GENERAL DIST CO 651.05
PULASKI JDR DIST COURT 651.98
QUALITY EQUIPMENT DISTR 934.53
RADFORD COMBINED COURT 411.48
RADFORD STORAGE 160.00
REBECCA CONNELLY 1,500.00
REDDY ICE-CASSCO 120.00
RITENOUR, GINNY 14.10
ROBERTS SINTO CORPORATI 18,251.50
SAFETY & COMPLIANCE 1,200.00
SAF-GARD SAFETY SHOE CO 379.97
SAVEITNOW 1,889.33
SAVILLE, MITCH 350.00
SECURITY FORCES INC 12,223.84
SECURITY SCALE SERVICE 2,870.56
SOUTHWESTERN VA. GAS SE 764.44
STONER QUALITY WATER CORP 301.00
T K GROUP INC 690.27
THOMPSON CHRYSLER-PLYMO 62.53
THOMPSON TIRE 7,075.55
TJ'S TRUCK & AUTO SERVI 2,196.82
TOWN OF CHRISTIANSBURG 95.89
TRANSMAN (FREIGHT) 47,413.69
TRIPLE M MANUFACTURING, INC. 398.00
UNITED INDUSTRIAL SERVI 45,739.87
UNITED REFRACTORIES COM 16,858.50
UNITED WAY OF MONTGOMERY-HRLY 180.00
VA. DEPT OF TAXATION 10,347.96
VERIZON (17577) 9,096.34
VERIZON WIRELESS 143.73
VICTORIA SOWERS 620.00
WEBAC - GESELLSCHAFT FUR MASCH 67,527.52
WEDRON SILICA-FAIRMOUNT 30,380.95
WESTAFF USA INC. 15.84
WHEELABRATOR ABRASIVES 24,860.00
WILLIAM A. KIBBE & ASSO 1,005.00
WILLIAMS SCOTSMEN 22,084.32
WISE AIR, INC. 3,575.00
ACE INSURANCE 11,689.52
CITY OF RADFORD 9,014.40
ENTERPRISE 610.41
MERCER 2,733.00
PROVIDENT LIFE 81.46
PAYROLL (INCLUDES AMOUNTS PAID BY CORPORATE) 1,100,105.49
$4,261,350.94
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: APRIL 30, 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: May 20, 2005 ___________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Form 6
Intermet U.S. Holding, Inc.
Case Number: 04-76598
Intermet Corporation and Subsidiaries
Schedule of In-Force Insurance
INSURANCE TYPE CARRIER POLICY PERIOD
-------------- -------------- -----------------
Property Lloyds 11/1/04-11/1/05
Boiler/Machine Hartford 11/1/04-11/1/05
Cargo Fireman's Fund 11/1/04-11/1/05
Truck Cargo Fireman's Fund 11/1/04-11/1/05
Aviation USAIG 11/1/04-11/1/05
Fiduciary St. Paul 11/1/04-11/1/05
Primary D&O St. Paul 11/1/04-11/1/05
Excess D&O Chubb 11/1/04-11/1/05
Excess D&O Platte River 11/1/04-11/1/05
Crime AIG 12/1/04-12/1/05
General Liability ACE 12/22/04-12/22/05
Umbrella National Union 12/22/04-12/22/05
Workers' Comp ACE 12/22/04-6/22/05
Excess Workers' Comp ACE 12/22/04-12/22/05
Auto ACE 12/22/04-12/22/05
Foreign (DIC) ACE 12/22/04-12/22/05
Note: This list does not include In-Force Insurance for Foreign Subsidiaries.
UNITED STATES BANKRUPTCY COURT
FOR THE EASTERN DISTRICT OF MICHIGAN
TRANSMITTAL OF FINANCIAL REPORTS AND
CERTIFICATION OF COMPLIANCE WITH UNITED STATES TRUSTEE
OPERATING REQUIREMENTS FOR
THE PERIOD ENDED APRIL 30, 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: MAY 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 4/30/05
($000's)
CASE #04-67603
IRONTON
IRON
----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales -- --
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 5 361
--- ----
Total Operating Expenses 5 358
Operating Profit (5) (321)
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 (5) (321)
Income Tax Expense -- --
--- ----
Net Income (5) (321)
=== ====
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs April
(Allocation of Corporate Costs to Filing Entities)
(000's)
April
------
Officer Compensation $ 189
Salary Expense other Employees 923
Employee Benefits and Pension 106
Payroll Taxes 59
Other Taxes 3
Rent and Lease Expense 184
Interest Expense
Insurance 62
Automobile and Truck Expense 14
Utilities(Gas Electric, Phone) 64
Depreciation 87
Travel and Entertainment 78
Repairs and Maintenance 175
Advertising/Promotion 0
Supplies, Office Expense 19
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 53
Public Reporting Fees 11
Employee Relocation/Training 17
Data Processing 32
Dues and Subscriptions 9
Outside Services 146
Project Development Costs net of Billings 40
Director Fees 25
Miscellaneous 2
Legal Fees 28
Cost Allocation - Europe (78)
Cost Allocation - Out (140)
------
$2,458
======
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 805
------
Total $2,458
======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 4-30-05
($000's)
CASE #04-67603
IRONTON
IRON
--------------
Cash And Equivalents
Accounts Receivable
Short-Term Intercompany Receivables
Inventories
Other Current Assets --
--------
TOTAL CURRENT ASSETS --
Land and Buildings --
Machinery & Equipment
Construction In Progress
--------
Total Fixed Assets --
Accumulated Depreciation
--------
NET FIXED ASSETS --
Investment In Subsidiaries
Investment In European Operations --
Long-Term Intercompany Receivables
Deferred Taxes, Long-Term Asset
Other Assets
--------
TOTAL ASSETS --
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable --
Wages and Salaries (See schedule) --
Taxes Payable - (See schedule) --
--------
TOTAL POST PETITION LIABILITIES --
SECURED LIABILITIES:
SECURED BANK DEBT --
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes --
Accrued Tax - State --
Accrued Property Taxes --
Accrued Workers Comp. 751
Accrued Payroll --
Accrued Payroll Taxes --
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 751
UNSECURED LIABILITIES
Accounts Payable --
Senior & IDR Bonds --
--------
TOTAL UNSECURED LIABILITIES --
OTHER LIABILITIES
Accrued Liabilities --
Short-Term Intercompany Payables
Capital Leases --
Retirement Benefits --
Deferred Taxes - Long-Term Liability --
Other Long-Term Liabilities --
Long-Term Intercompany Payables 33,255
Minority Interest --
--------
TOTAL LIABILITIES 34,006
Common Stock --
Capital In Excess Of Par Value 49,000
Retained Earnings - Prepetition (82,685)
Retained Earnings - Post Petition (321)
Equity In European Operations
Accumulated Translation Adjustment --
Minimum Pension Liability Adjustment --
Unearned Restricted Stock --
--------
TOTAL SHAREHOLDER EQUITY (34,006)
--------
TOTAL LIABILITIES AND EQUITY $ --
========
PERIOD ENDED: 04-30-05 IRONTON IRON, INC. CASE #04-67603
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
3/31/2005 Withheld Deposits 4/30/2005
--------- --------- ---------- ---------
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 petition) 0-30 Days 30-60 Days Over 60 Days
- ---------------------------- --------- ---------- ------------
Accounts Payable $0 $0 $0
Accounts Receivable $0 $0 $0
MONTHLY CASH STATEMENT
Period Ending: APRIL 30, 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: MAY 20, 2005 ________________________________________
Debtor in Possession
Form 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: APRIL 30, 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: MAY 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 APRIL 30, 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: MAY 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 4/30/05
($000's)
CASE #04-67606
LYNCHBURG
FOUNDRY
----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 8,518 55,666
Cost of Goods Sold
Materials and Freight 3,917 25,737
Wages - Hourly 1,317 8,539
Wages-Salary 328 2,288
Employee Benefits and Pension 629 6,182
Repairs & Maintenance 409 3,138
Supplies 675 4,059
Utilities 282 2,204
Purchased Components/Services 303 1,562
Income(loss) from Pattern Sales (12) (29)
Fixed Asset - (gain/loss) -- (42)
MIS Expense 42 258
Travel & Entertainment 1 8
Other Variable Costs 273 3,032
Depreciation & Amortization 213 1,496
Other Allocated Fixed Costs -- (2)
Other Fixed Costs 162 866
----- ------
Cost of Goods Sold 8,539 59,296
Gross Profit (21) (3,630)
Plant SG&A Expense -- --
SG&A Expense - Allocation (Sched 1) 193 1,309
Other Operating Expenses -- 270
----- ------
Total Operating Expenses 193 1,579
Operating Profit (214) (5,209)
Outside Interest Income -- --
Outside Interest (Expense) -- --
Intercompany Interest Income -- --
Intercompany Interest (Expense) (101) (429)
Charges (From) Affiliates -- --
Charges To Affiliates -- --
Income/Loss From European Operations -- --
Other Income/(Expense) 2 8
----- ------
Total Non-Operating Expenses (99) (421)
Income Before Income Taxes (313) (5,630)
Income Tax Expense -- --
----- ------
Net Income (313) (5,630)
===== ======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs April
(Allocation of Corporate Costs to Filing Entities)
(000's)
April
------
Officer Compensation $ 189
Salary Expense other Employees 923
Employee Benefits and Pension 106
Payroll Taxes 59
Other Taxes 3
Rent and Lease Expense 184
Interest Expense
Insurance 62
Automobile and Truck Expense 14
Utilities(Gas Electric, Phone) 64
Depreciation 87
Travel and Entertainment 78
Repairs and Maintenance 175
Advertising/Promotion 0
Supplies, Office Expense 19
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 53
Public Reporting Fees 11
Employee Relocation/Training 17
Data Processing 32
Dues and Subscriptions 9
Outside Services 146
Project Development Costs net of Billings 40
Director Fees 25
Miscellaneous 2
Legal Fees 28
Cost Allocation - Europe (78)
Cost Allocation - Out (140)
------
$2,458
======
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 805
------
Total $2,458
======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 4-30-05
($000's)
CASE #04-67606
LYNCHBURG
FOUNDRY
--------------
Cash And Equivalents $ --
Accounts Receivable 6,975
Short-Term Intercompany Receivables 3
Inventories 3,904
Other Current Assets 327
--------
TOTAL CURRENT ASSETS 11,209
Land and Buildings 19,915
Machinery & Equipment 53,034
Construction In Progress 47
--------
Total Fixed Assets 72,996
Accumulated Depreciation (58,807)
--------
NET FIXED ASSETS 14,189
Investment In Subsidiaries --
Investment In European Operations --
Long-Term Intercompany Receivables 3,361
Deferred Taxes, Long-Term Asset --
Other Assets 433
--------
TOTAL ASSETS 29,192
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable 819
Wages and Salaries (See schedule) 324
Taxes Payable - (See schedule) 297
--------
TOTAL POST PETITION LIABILITIES 1,440
SECURED LIABILITIES:
SECURED BANK DEBT --
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes --
Accrued Tax - State --
Accrued Property Taxes --
Accrued Workers Comp. 1,990
Accrued Payroll --
Accrued Payroll Taxes --
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 1,990
UNSECURED LIABILITIES
Accounts Payable 7,608
Senior & IDR Bonds --
--------
TOTAL UNSECURED LIABILITIES 7,608
OTHER LIABILITIES
Accrued Liabilities 2,214
Short-Term Intercompany Payables 4
Capital Leases --
Retirement Benefits 859
Deferred Taxes - Long-Term Liability --
Other Long-Term Liabilities 2,296
Long-Term Intercompany Payables --
Minority Interest --
--------
TOTAL LIABILITIES 16,411
Common Stock --
Capital In Excess Of Par Value --
Retained Earnings - Prepetition 18,411
Retained Earnings - Post Petition (5,630)
Equity In European Operations --
Accumulated Translation Adjustment --
Minimum Pension Liability Adjustment --
Unearned Restricted Stock --
--------
TOTAL SHAREHOLDER EQUITY 12,781
--------
TOTAL LIABILITIES AND EQUITY $ 29,192
========
PERIOD ENDED: 4-30-05 LYNCHBURG FOUNDRY (ARCHER CREEK) CASE #04-67606
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
03/31/05 Withheld Deposits 04/30/05
---------- ----------- ---------- ----------
Income tax withheld: Federal $ 0 ($ 200,804) $ 200,804 $ 0
Income tax withheld: State 0 (77,891) 77,891 0
Income tax withheld: Local 0 0 0 0
FICA Withheld 0 (126,572) 126,572 0
Employers FICA (15,814) (132,296) 127,326 (20,784)
Unemployment Tax: Federal (29,636) (353) 27,002 (2,986)
Unemployment Tax: State (238,606) (27,365) 257,219 (8,752)
All Other Payroll W/H (32,152) (83,289) 81,538 (33,903)
State Taxes: Inc./Sales/Use
/Excise (51,934) 0 1,496 (50,438)
Property Taxes (71,020) (25,262) 0 (96,282)
Workers Compensation (43,467) (31,750) 40,872 (34,344)
---------- ----------- ---------- ----------
Total ($482,629) ($ 705,582) $ 940,720 ($247,491)
Wages and Salaries (184,413) (1,403,921) 1,263,873 (324,461)
---------- ----------- ---------- ----------
Grand Total ($667,042) ($2,109,503) $2,204,594 ($571,952)
========== =========== ========== ==========
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 $ 818,939 $ 818,939 $ 0 $ 0
Accounts Receivable $7,363,542 $7,123,485 $4,770 $235,287
PERIOD ENDED: 04-30-05 LYNCHBURG FOUNDRY (RADFORD) CASE #04-67606
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
3/31/2005 Withheld Deposits 4/30/2005
--------- --------- ---------- ---------
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 (40,491) (10,000) 0 (50,491)
Workers Compensation 0 0 0 0
--------- -------- ------ ---------
Total ($40,491) ($13,619) $3,619 ($50,491)
Wages and Salaries 0 0 0 0
--------- -------- ------ ---------
Grand Total ($40,491) ($13,619) $3,619 ($50,491)
========= ======== ====== =========
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 $0 $0 $0 $0
Accounts Receivable $0 $0 $0 $0
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 4/30/2005
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 -- 5,341,028 -- 1,634,346 --
TRANSFERS IN (CORPORATE) -- -- 1,787,239 -- 333,573
DIP INFLOW -- -- -- -- --
DISBURSEMENTS -- (12) (1,787,239) (1,634,346) (333,573)
TRANSFERS OUT (CORPORATE) -- (5,341,016) -- -- --
DIP REPAYMENT -- -- -- -- --
--- ---------- ---------- ---------- --------
ENDING BANK BALANCE -- -- -- -- --
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 3,163,419
CHECKS ISSUED 2,021,357
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 2,083,196
CORPORATE DEBIT MEMOS 19,193
-----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 7,287,166
===========
OUTSTANDING CHECKS AS OF MARCH 31 136,325
VOIDED CHECKS OUTSTANDING AS OF MARCH 31 --
CHECKS ISSUED DURING APRIL 2,021,357
CHECK CLEARED DURING APRIL (1,787,239)
-----------
OUTSTANDING CHECKS AS OF APRIL 30 (SEE OUTSTANDING CHECKLIST) $ 370,443
===========
LYNCHBURG FOUNDRY
CASE NO. 04-67606
AT 4/30/05
ARCHER CREEK - BANK RECONCILIATION
Bank Balance $ --
Actual Outstanding Checks 370,443.47
Unadjusted GL Balance 370,443.47
-----------
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 48.5
3/4/05 18095 64.9
4/8/05 18913 278.79
4/8/05 18949 1500
4/8/05 18953 1500
4/8/05 18987 868.6
4/11/05 18995 3221.32
4/12/05 19012 3239.7
4/12/05 19017 2654
4/12/05 19035 386
4/12/05 19038 150
4/12/05 19039 150
4/15/05 19134 172.55
4/15/05 19141 2600
4/15/05 19142 2600
4/15/05 19143 2600
4/15/05 19161 3381.84
4/15/05 19164 1150
4/15/05 19165 260
4/15/05 19177 58.95
4/19/05 19212 1212.42
4/19/05 19213 1212.42
4/19/05 19216 61.25
4/19/05 19217 15.63
4/19/05 19219 324
4/19/05 19220 11.72
4/19/05 19221 498.7
4/19/05 19222 11.79
4/19/05 19223 341.77
4/19/05 19224 14.31
4/19/05 19225 124
4/19/05 19226 27
4/19/05 19227 861.12
4/19/05 19232 178.8
4/21/05 19243 125.12
4/22/05 19253 112.67
4/22/05 19259 8549.49
4/22/05 19263 380.51
4/22/05 19273 846.63
4/22/05 19276 3500
4/22/05 19280 8.99
4/22/05 19291 1154.48
4/22/05 19294 3294
4/22/05 19298 291.75
4/22/05 19316 115.8
4/22/05 19317 16.22
4/22/05 19328 160.8
4/22/05 19329 150.4
4/22/05 19330 956
4/22/05 19331 913.54
4/22/05 19332 182
4/25/05 19337 60.88
4/25/05 19339 14406
4/25/05 19340 1891.25
4/25/05 19342 5932.5
4/25/05 19343 350
4/26/05 19344 192.3
4/26/05 19350 502.5
4/26/05 19351 371.98
4/26/05 19355 210.07
4/26/05 19358 1124.7
4/26/05 19359 250
4/26/05 19360 100
4/26/05 19361 265.22
4/26/05 19365 150
4/26/05 19371 578.1
4/26/05 19372 23.45
4/26/05 19373 253.44
4/26/05 19374 778.02
4/26/05 19375 121.32
4/26/05 19376 374.45
4/26/05 19377 472.26
4/26/05 19380 79.9
4/26/05 19381 69.4
4/26/05 19382 6
4/26/05 19388 2700
4/26/05 19391 365.93
4/26/05 19392 194.44
4/26/05 19393 267.78
4/27/05 19395 1408.44
4/27/05 19396 30612.75
4/28/05 19397 2167.33
4/28/05 19398 14406
4/28/05 19399 509.72
4/29/05 19400 75
4/29/05 19401 118.66
4/29/05 19402 10804.5
4/29/05 19403 380
4/29/05 19404 8630.4
4/29/05 19405 936
4/29/05 19409 1197.92
4/29/05 19410 650.2
4/29/05 19411 1693.65
4/29/05 19412 84.25
4/29/05 19413 346.83
4/29/05 19414 6270.52
4/29/05 19415 333.35
4/29/05 19416 560.24
4/29/05 19417 3997.72
4/29/05 19418 876.65
4/29/05 19419 2364.27
4/29/05 19420 515.94
4/29/05 19421 261.79
4/29/05 19422 1814
4/29/05 19423 921.54
4/29/05 19424 3500
4/29/05 19425 292.57
4/29/05 19426 177
4/29/05 19427 982.5
4/29/05 19428 411
4/29/05 19429 1693.26
4/29/05 19430 533.71
4/29/05 19431 214.95
4/29/05 19432 13010.53
4/29/05 19433 1302.65
4/29/05 19434 46.1
4/29/05 19435 396.13
4/29/05 19436 143.15
4/29/05 19437 541
4/29/05 19438 218.1
4/29/05 19439 331.25
4/29/05 19440 508.92
4/29/05 19441 3861.55
4/29/05 19442 771.54
4/29/05 19443 85
4/29/05 19444 7828.32
4/29/05 19445 350.85
4/29/05 19446 332.83
4/29/05 19447 4158.85
4/29/05 19448 1720
4/29/05 19449 23360.01
4/29/05 19450 296.06
4/29/05 19451 617.77
4/29/05 19452 4775.53
4/29/05 19453 3450
4/29/05 19454 64.74
4/29/05 19455 220
4/29/05 19456 2165.1
4/29/05 19457 639
4/29/05 19458 92.38
4/29/05 19459 558.92
4/29/05 19460 749
4/29/05 19461 146.28
4/29/05 19462 59.25
4/29/05 19463 136.33
4/29/05 19464 207
4/29/05 19465 7125.25
4/29/05 19466 99.23
4/29/05 19467 10844.39
4/29/05 19468 22
4/29/05 19469 92.3
4/29/05 19470 216.5
4/29/05 19471 880.85
4/29/05 19472 516.99
4/29/05 19473 2415.64
4/29/05 19474 600
4/29/05 19475 619.87
4/29/05 19476 140.17
4/29/05 19477 4057.36
4/29/05 19478 75
4/29/05 19479 50
4/29/05 19480 230.45
4/29/05 19481 3229.33
4/29/05 19484 239.12
4/29/05 19485 64
4/29/05 19486 50.16
4/29/05 19487 16.5
4/29/05 19488 243.15
4/29/05 19489 137.82
4/29/05 19490 1120
4/29/05 19491 226.63
4/29/05 19492 450.01
4/29/05 19493 254
4/29/05 19494 254
4/29/05 19495 1852.93
4/29/05 19496 186.75
4/29/05 19497 73446
4/29/05 19498 2122.56
4/29/05 19499 512.96
$370,443.47
LYNCHBURG FOUNDRY, INC. (ARCHER CREEK) CASE NO. 04-67606
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
ACE INSURANCE $ 12,136.38
AT&T 90.08
COMPUWARE 397.00
ENTERPRISE 590.80
FEDERAL RESERVE 500.00
MERCER 5,397.00
PROVIDENT LIFE 81.46
PAYROLL (INCLUDES AMOUNTS PAID BY CORPORATE) 2,083,196.45
AC CONTROLS CO 1,284.36
ACTION MACHINERY 3,809.37
ADAMS MOTOR CO 299.27
ADVANCED CARBIDE TOOL 7,875.60
ADVANCED CONTROL PRODUCTS 275.24
AEA TECHNOLOGY 346.18
AETNA U.S. HEALTHCARE 14,868.28
AFP INDUSTRIES 1,375.48
AG JEFFERSON 1,870.10
AGFA NDT, INC 1,329.84
AIR PRODUCTS AND CHEMICALS 3,387.87
AIRGAS MID-AMERICA 1,717.09
ALABAMA BY-PRODUCTS 546,982.87
ALCATEL VACUUM PRODUCTS, INC 2,654.00
ALLOR MFG 1,379.50
ALLTEL 291.75
ALPHA OMEGA RESOURCES 2,649.60
AMERICAN CANCER SOCIETY 300.00
AMERICAN ELECTRIC MOTORS 6,468.69
AMERIGAS - LYNCHBURG-MONROE 15,965.93
AMHERST COUNTY EDUCATION 220.00
AMX PERFORMANCE CO 755.00
APPALACHIAN POWER CO 186,352.63
APPLIED IND. TECHNOLOGIES 27,075.27
APPOMATTOX FORD/MERCURY 118.66
APPOMATTOX GLASS & STOREFRONT 150.00
ARAMARK UNIFORM SERVICES 5,915.00
ARCET EQUIPMENT 2,406.65
ARTISAND 502.50
ASC INDUSTRIES 560.24
AT&T 1,558.37
ATLANTIC COAST TOYOTALIFT 9,067.35
ATL-EAST TAG & LABEL 1,857.36
ATMOSPHERE ANNEALING 3,083.04
AUTOCOM MANUFACTURING 275,514.75
AUTOMATION DIRECT COM, INC 159.00
AUTOMATION SYSTEMS INTERCONNECT, INC 35.66
AUTOTECH SYSTEMS 1,301.63
BANKS COMPANY 1,347.83
BARKER-JENNINGS 8,240.02
BEARDSLEY & PIPER 6,218.00
BEST ACCESS SYSTEMS 142.80
BFI 34,839.99
BMG METALS 19,829.72
BOND, CYNTHIA GALLIER 461.90
BOULEVARD PROPERTIES 821.25
BOXLEY AGGREGATES 1,253.97
BRAMMER SAFETY SUPPLY 14,174.97
BRC COMPANY 31,913.77
BRENNTAG SOUTHEAST 1,020.44
LYNCHBURG FOUNDRY, INC. (ARCHER CREEK) CASE NO. 04-67606
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
C ARTHUR WEAVER 515.94
C&C TOOL & SUPPLY 683.73
C. A. TOOLING 4,500.00
CAMPBELL-PAYNE 1,095.60
CANDLER OIL 48,047.72
CAPP, INC. 1,506.18
CARCO INC 394.84
CASTEC, INC 361.57
CC METALS & ALLOYS 170,647.72
CELADON TRUCKING SERVICES, INC 150.00
CENTRA HEALTH 1,640.42
CENTRAL VA INDUSTRIES 1,120.63
CHAMPION CHISEL WORKS 4,751.00
CHARITY GAMES 78.74
CHEMICALS & SOLVENTS 404.95
CHICAGO FREIGHT CAR LEASING 22,136.95
CIMTEC AUTOMATION 504.53
COLUMBIA GAS 14,254.11
COLUMBIA MARKING TOOLS 314.12
COMMERICAL STEEL ERECTION 2,150.00
COMMONWEALTH CONTROLS 921.54
COMPRESSOR ENGINEERING CORP 76.88
CONSUMER DORIN ADAMS 30,768.75
CONTROL CHIEF CORP 814.23
CONTROL CORP OF AMERICA 2,346.82
CROSS SALES & ENGINEERING 777.85
CSXT 74,115.00
CVS #3502 406.63
DELTA AUTOMATION 1,320.61
DETEK 1,654.00
DICK HARRIS & SON TRUCK 2,642.42
DIKE-O-SEAL 819.57
DM&E RAILROAD 46,686.84
DODSON BROS. EXTERMINATING 177.00
DOMINION METALLURGICAL 485.08
DOUGHERTY EQUIPMENT COMPANY 3,472.57
DUKE PBMT-OSRH 250.00
EASTERN N D T INC 63.62
ECK SUPPLY 15,368.59
ECONOMY ENERGY, LLC 90,360.00
EDUCATIONAL RESOURCES 288.00
ELECOM INC 670.60
ELECTRIC MELTING 73,868.60
ELECTRONICS REPAIR CENTER 2,684.00
ELECTRO-NITE CO 270.00
ELKEM METALS 56,212.39
ELLIOTT'S MILITARY SURPLUS 101.50
ELLIS, EDDIE 100.00
ELY CRANE AND HOIST 4,768.45
EMEDCO 232.50
ENGINEERING CHEMISTRY 2,403.00
ENVIRONMENTAL RESOURCE CENTER 749.00
EQUIPMENT MERCHANTS, INTL 45.75
EUTECTIC CORPORATION 356.08
EXCEL TECHNOLOGIES 151.00
FAMILY SUPPORT REGISTRY 731.40
FEI LYNCHBURG #75 132.23
FERBEE-JOHNSON CO 10,991.58
FIRE & SAFETY EQUIPMENT 508.57
LYNCHBURG FOUNDRY, INC. (ARCHER CREEK) CASE NO. 04-67606
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
FOLKS, MELANIE 50.00
FOSECO 61,745.04
FOSTER ELECTRIC CO 1,684.41
FRANKLIN, LYLE T. 100.00
FREEMAN MFG & SUPPLY 1,854.74
G E SUPPLY 1,545.01
G.E. CAPITAL 7,228.00
GENERAL KINEMATICS 15,770.28
GILMER SUPPLY 1,490.98
GIVENS, RICHARD 179.21
GLOBAL STONE JAMES RIVER 8,000.00
GLOBE METALLURGICAL 195,604.20
GOODMAN, DENNIS M. 136.33
HA INTERNATIONAL 41,139.45
HACH CHEMICAL COMPANY 268.85
HAJOCA CORPORATION 905.18
HAMILTON AIR CONVEYORS CO, INC 2,539.89
HARBISON-WALKER REFRACTORIES 17,484.42
HAUCK MFG 533.71
HELEN P. PARRISH 414.00
HELWIG CARBON, INC 73.04
HERAEUS ELECTRO-NITE CO 15,188.70
HERBERT L. BESKIN 16,833.33
HI TECH MACHINING, LLC 29,508.91
HILL AND GRIFFITH 65,021.40
HOPKINS, WILLIAM D 265.22
HUBBELL INDUSTRIAL CONTROLS 1,757.38
I.A.M. NATIONAL PENSION FUND 1,802.15
IFS INDUSTRIES 7,287.50
IKEY 59.00
INDUSTRIAL CONTROLS 1,286.21
INDUSTRIAL SUPPLY CORP 16,302.34
INGE, DAPHNE 124.56
INGERSOLL-RAND CO 168.50
INTEGRATED MOTION 125.12
INTERNATIONAL ASSOC 432.00
INTERNATIONAL QUALITY CONTROL 5,690.00
ISCO 91.50
JACKSON WANDA K 496.15
JAMES D. ENGLISH 25,399.77
JAMES RIVER EQUIPMENT 934.57
JAMES T. DAVIS 15.96
JDN LEASING 3,500.00
JEFFERSON FOREST BAND BOOSTERS 75.00
JEFFERSON GALLERIES 3,559.97
JESUS BARAJAS CARLOS 2,962.86
JFHS DRAMA CLUB 300.00
JOBE& COMPANY 282.72
JOHNS, JERRY 22.00
JOHNSON DIVERSE/DUBOIS 3,217.50
KATHRYN'S FLOWER SHOP 51.25
KEETER-DIXON-PEARRE 370.00
KENT RUDBECK 1,008.05
KINDT COLLINS CO 495.91
KING TESTER CORP 96.91
LAND TRANSPORTATION 980.00
LAWRENCE EQUIPMENT 50.88
LEWIS SYSTEMS INC. 3,156.61
LEWIS, ANGELA V. 461.50
LYNCHBURG FOUNDRY, INC. (ARCHER CREEK) CASE NO. 04-67606
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
LINA 433.00
LINTERN CORP 143.15
LIVINGSTON AND HAVEN 2,266.52
LOWE'S HOME CENTERS, INC 158.00
LYNCHBURG COLLEGE 1,500.00
LYNCHBURG GARAGE DOOR 2,700.00
MAGNETEK INDUSTRIAL CONTROLS 950.00
MARTINDALE ELECTRIC COMPANY 61.62
MASTER GAGE & TOOL CO 1,900.00
MAXIM SYSTEMS 1,665.00
MAYBERRY, SUSIE 880.34
MCBRIDE BLACKBURN OPTICIANS 541.00
MCI COMM SERVICE 23.82
MCMASTER-CARR SUPPLY 530.97
MEDICAL ASSOCIATES OF CENTRAL VA 350.00
MEDTRONIC 331.25
METAL MARKER MFG 2,019.71
METSO MINERALS IND 5,274.50
MOORE, KEVIN 51.73
MOORE'S MACHINE CO 17,278.25
MOREHOUSE INSTRUMENT CO 508.92
MORRIS MATERIAL HANDLING 1,579.64
NATIONAL AUTO PARTS 105.00
NATIONAL MATERIAL TRADING 81,245.86
NEWARK INONE 124.36
NIGHT OWLS BOWLING LEAGUE 300.00
NORTHERN TOOL & EQUIPMENT CO 8.99
OAKRIDGE TOYOTA, INC 880.85
OMEGA ENGINEERING, INC 179.92
OMNISOURCE FT WAYNE 1,733,094.02
OSBORNE INTERNATIONAL 430.20
PALLETONE OF VA 5,399.10
PATCHELL, KENNETH R. 73.42
PEARSON EQUIPMENT 60.00
PIEDMONT FOUNDRY SUPPLY 112,696.35
PITNEY BOWES PURCHASE POWER 2,775.99
PORTER WARNER IND 32,754.98
POTOMAC ENVIRONMENTAL 3,861.55
PRECISION HYDRAULICS CO 15,148.55
PRIMETRADE (7,311.45)
PROCHEM ANALYTICAL 845.00
PRODUCT ACTION 9,315.87
PROFORMA 3,194.05
PROVIDENT LIFE & ACCIDENT 4,831.28
QSI, INC 219.28
R.I. LAMPUS 81,646.80
RAMSEY, MARTHA 100.00
REBECCA B. CONNELLY 1,350.00
RED HILL GRINDING WHEEL 1,120.00
REI CONSULTANTS 1,179.75
REXEL 187.32
RICHMOND SECURITY SERVICES 9,837.15
ROBERTS CORPORATION 60.88
ROBERTS SINTO CORP 99.95
ROBIN F. JEFFERSON, TRE 162.00
ROSE OFFICE SYSTEMS 640.00
ROSS ENGINEERING 220.00
RSC 5,697.65
SCHAEFER BRUSH MFG 892.13
LYNCHBURG FOUNDRY, INC. (ARCHER CREEK) CASE NO. 04-67606
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
SERVICE FIRST 155.20
SERVICE PRINTING 386.00
SHANAFELT MFG 2,397.69
SHANER'S AUTO SERVICE, INC 176.87
SIMMS, DAVID 350.40
SMITH SERVICES 11,439.66
SOCIETY FOR HUMAN RESOURCE MGT 160.00
SOUTHEAST SERVICE SUPPLY 1,851.25
SOUTHERN GRAPHICS & SUPPLY 65.00
SOUTHERN MAINTENANCE SUPPLY 2,548.90
SPECIAL K LANDSCAPING 4,100.00
SPECIALTY FOUNDRY PRODUCTS 14,263.20
SPRAYING SYSTEMS 504.77
STANDARD GAUGE ENGINEERING 14,685.00
STERICYCLE INC 444.80
SUNBELT RENTALS 1,891.25
SUPERIOR GRAPHITE 24,153.76
T K GROUP, INC 619.87
TEMPLETON'S MKT 1,110.88
TENNANT COMPANY 339.60
THE MASA CORP 11,082.40
THE PRESBYTERIAN HOME 50.00
THOMPSON TRUCKING 54,929.26
THYSSENKRUPP SPECIALTY STEELS 1,738.78
TICE - ANDERSON, PATSY 312.72
TIME TECHNOLOGIES 96.45
TORRENCE PLUMBING 5,160.39
TRANSMAN 20,558.09
TREASURER OF VA 18,978.17
TUCKER, DAVID 3,221.40
TUSCOLA SAGINAW BAY RAILWAY 70,407.96
UMETCO INC 10,290.00
UNITED HYDRAULICS INC 26,743.13
UNITED WAY OF CENTRAL VA 4,544.23
VA CAROLINA BELTING 27,293.18
VA DEPT OF TAX 2,006.91
VA FLUID POWER 150.00
VALLEY FASTENERS 3,793.45
VBS 1,191.62
VERIZON 2,559.74
VIPER SCREW, INC 805.00
VIRGINIA GEOTECHNICAL SERVICES 5,973.27
VIRGINIA METAL SERVICE 475.62
VIRGINIA TECH 1,500.00
W.E.L. ENTERPRISES 22,135.50
WEBSTER INDUSTRIES, INC 408.19
WENDT DUNNINGTON 278.94
WEXFORD SAND COMPANY 28,156.15
WHEELABRATOR ABRASIVES 62,905.77
WILEY & WILSON 6,800.01
WILLIAMS, CLARENCE 6,721.44
WILSON WELDING CO 20,700.00
WOMEN'S HEALTH SERVICES 230.45
WOOLDRIDGE HEATING & AIR 275.00
XEROX CORPORATION 2,491.52
XPEDX 9,385.30
-------------
$7,287,165.89
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 4/30/2005
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 - Inactive Stan Fed - Inactive Stan Fed
------------ ------------- ---------- ------------------- ------------------- -----------
BEGINNING BANK BALANCE -- -- -- -- --
RECEIPTS -- -- -- -- --
TRANSFERS IN (CORPORATE) -- -- -- -- --
DIP INFLOW -- -- -- -- --
DISBURSEMENTS -- -- -- -- --
TRANSFERS OUT (CORPORATE) -- -- -- -- --
DIP REPAYMENT -- -- -- -- --
--- --- --- --- ---
ENDING BANK BALANCE -- -- -- -- --
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE --
CHECKS ISSUED BY CORPORATE 48,609
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) --
CORPORATE DEBIT MEMOS 12,321
-------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $60,931
=======
NOTE 1: Radford's payroll is consolidated with the Corporate payroll due to
immateriality
NOTE 2: Radford's disbursements are paid and allocated by Corporate.
RADFORD FOUNDRY CASE NO. 04-67606
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
AETNA $ 5,296.95
CITY OF RADFORD 13,667.04
CUSTOM CONTRACTING, INC 41,884.00
LINA (FORMERLY CIGNA) 8.00
NORFOLK SOUTHERN 25.00
PROVIDENT LIFE 49.59
----------
$60,930.58
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: APRIL 30, 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: MAY 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 APRIL 30, 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: MAY 20, 2005 /s/ Robert E. Belts
----------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- --------------
Title Phone
Intermet Corp. and Subsidiaries
Opening Statement
For the Month Ended 4/30/05
($000's)
CASE #04-67608
NORTHERN
CASTINGS
----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 1,749 11,005
Cost of Goods Sold
Materials and Freight 400 3,055
Wages - Hourly 235 1,580
Wages-Salary 85 575
Employee Benefits and Pension 3 713
Repairs & Maintenance 93 569
Supplies 98 628
Utilities 146 1,026
Purchased Components/Services 95 448
Income(loss) from Pattern Sales (25) (168)
Fixed Asset - (gain/loss) -- --
MIS Expense 13 82
Travel & Entertainment 3 13
Other Variable Costs 68 189
Depreciation & Amortization 40 293
Other Allocated Fixed Costs -- --
Other Fixed Costs 19 132
----- ------
Cost of Goods Sold 1,273 9,135
Gross Profit 476 1,870
Plant SG&A Expense -- --
SG&A Expense - Allocation (Sched 1) 51 343
Other Operating Expenses -- --
----- ------
Total Operating Expenses 51 343
Operating Profit 425 1,527
Outside Interest Income -- --
Outside Interest (Expense) -- --
Intercompany Interest Income -- --
Intercompany Interest (Expense) (24) (88)
Charges (From) Affiliates -- --
Charges To Affiliates -- --
Income/Loss From European Operations -- --
Other Income/(Expense) -- --
----- ------
Total Non-Operating Expenses (24) (88)
Income Before Income Taxes 401 1,439
Income Tax Expense -- 4
----- ------
Net Income 401 1,435
===== ======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs April
(Allocation of Corporate Costs to Filing Entities)
(000's)
April
------
Officer Compensation $ 189
Salary Expense other Employees 923
Employee Benefits and Pension 106
Payroll Taxes 59
Other Taxes 3
Rent and Lease Expense 184
Interest Expense
Insurance 62
Automobile and Truck Expense 14
Utilities(Gas Electric, Phone) 64
Depreciation 87
Travel and Entertainment 78
Repairs and Maintenance 175
Advertising/Promotion 0
Supplies, Office Expense 19
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 53
Public Reporting Fees 11
Employee Relocation/Training 17
Data Processing 32
Dues and Subscriptions 9
Outside Services 146
Project Development Costs net of Billings 40
Director Fees 25
Miscellaneous 2
Legal Fees 28
Cost Allocation - Europe (78)
Cost Allocation - Out (140)
------
$2,458
======
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 805
------
Total $2,458
======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 4-30-05
($000's)
CASE #04-67608
NORTHERN
CASTINGS
--------------
Cash And Equivalents $ --
Accounts Receivable 2,135
Short-Term Intercompany Receivables --
Inventories 863
Other Current Assets 3
-------
TOTAL CURRENT ASSETS 3,001
Land and Buildings 2,266
Machinery & Equipment 8,644
Construction In Progress 782
-------
Total Fixed Assets 11,692
Accumulated Depreciation (9,303)
-------
NET FIXED ASSETS 2,389
Investment In Subsidiaries --
Investment In European Operations --
Long-Term Intercompany Receivables 11,261
Deferred Taxes, Long-Term Asset --
Other Assets 108
-------
TOTAL ASSETS 16,759
=======
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable 343
Wages and Salaries (See schedule) 64
Taxes Payable - (See schedule) 43
-------
TOTAL POST PETITION LIABILITIES 450
SECURED LIABILITIES:
SECURED BANK DEBT --
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes --
Accrued Tax - State --
Accrued Property Taxes 29
Accrued Workers Comp. 49
Accrued Payroll --
Accrued Payroll Taxes --
-------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 78
UNSECURED LIABILITIES
Accounts Payable 1,661
Senior & IDR Bonds --
-------
TOTAL UNSECURED LIABILITIES 1,661
OTHER LIABILITIES
Accrued Liabilities 215
Short-Term Intercompany Payables --
Capital Leases --
Retirement Benefits --
Deferred Taxes - Long-Term Liability --
Other Long-Term Liabilities --
Long-Term Intercompany Payables --
Minority Interest --
-------
TOTAL LIABILITIES 2,404
Common Stock --
Capital In Excess Of Par Value 1,800
Retained Earnings - Prepetition 11,120
Retained Earnings - Post Petition 1,435
Equity In European Operations
Accumulated Translation Adjustment --
Minimum Pension Liability Adjustment --
Unearned Restricted Stock --
-------
TOTAL SHAREHOLDER EQUITY 14,355
-------
TOTAL LIABILITIES AND EQUITY $16,759
=======
PERIOD ENDED: 04-30-05 NORTHERN CASTINGS CORP. CASE #04-67608
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
03/31/05 Withheld Deposits 04/30/05
--------- --------- ---------- ---------
Income tax withheld: Federal ($2,321) ($31,858) $ 29,246 ($4,933)
Income tax withheld: State (1,191) (14,485) 13,381 (2,295)
Income tax withheld: Local 0 0 0 0
FICA Withheld (2,749) (27,028) 25,341 (4,436)
Employers FICA (2,453) (18,553) 16,866 (4,140)
Unemployment Tax: Federal (3,961) (20,965) 24,300 (626)
Unemployment Tax: State 0 0 0 0
All Other Payroll W/H 0 0 0 0
State Taxes: Inc./Sales/Use
/Excise (5,985) (3,043) 5,985 (3,043)
Property Taxes (14,500) (2,000) 0 (16,500)
Workers Compensation (7,102) (7,000) 7,191 (6,911)
--------- --------- -------- ---------
Total ($40,262) ($124,932) $122,310 ($42,884)
Wages and Salaries (84,956) (54,070) 74,602 (64,424)
--------- --------- -------- ---------
Grand Total ($125,218) ($179,002) $196,912 ($107,308)
========= ========= ======== =========
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 $ 343,121 $ 343,121 $ 0 $ 0
Accounts Receivable $2,224,641 $2,036,836 $40,243 $147,562
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 4/30/2005
MONTHLY CASH STATEMENT
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 156,779 1,063,561 -- -- --
TRANSFERS IN (CORPORATE) -- 10,250 651,914 275,188 74,302
DIP INFLOW -- -- -- -- --
DISBURSEMENTS -- (10,250) (651,914) (275,188) (74,302)
TRANSFERS OUT (CORPORATE) (156,779) (1,063,561) -- -- --
DIP REPAYMENT -- -- -- -- --
-------- ---------- -------- -------- -------
ENDING BANK BALANCE -- -- -- -- --
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 380,792
CHECKS ISSUED 695,554
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 381,306
CORPORATE DEBIT MEMOS 2,194
----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS
RECONCILIATION) $1,459,846
==========
OUTSTANDING CHECKS AS OF MARCH 31 121,443
VOIDED CHECKS OUTSTANDING AS OF MARCH 31 --
CHECKS ISSUED DURING APRIL 695,554
CHECK CLEARED DURING APRIL (647,221) Dept of Revenue EFT of $ 4,693 Excluded.
----------
OUTSTANDING CHECKS AS OF APRIL 30 (SEE OUTSTANDING
CHECKLIST) $ 169,776
==========
NORTHERN CASTINGS CORP
CASE NO. 04-67608
AT 4/30/05
HIBBING - BANK RECONCILIATION
Bank Balance $ --
Actual Outstanding Checks 169,775.92
Unadjusted GL Balance 169,775.92
-----------
Difference $ --
===========
NORTHERN CASTINGS CORP
OUTSTANDING CHECKS
CASE NO. 04-67608
DATE CHECK OUTSTANDING
---- ----- -----------
4/13/05 76576 $ 118.16
4/13/05 76581 17,821.00
4/13/05 76591 382.99
4/14/05 76616 1,320.00
4/20/05 76638 7,848.00
4/20/05 76645 356.56
4/20/05 76655 6,385.91
4/20/05 76657 228.00
4/20/05 76658 1,610.28
4/20/05 76661 329.80
4/22/05 76672 821.45
4/25/05 76673 1,340.63
4/26/05 76675 2,103.70
4/26/05 76676 2,000.00
4/27/05 76677 1,144.00
4/27/05 76678 527.18
4/27/05 76682 283.00
4/27/05 76683 41.54
4/27/05 76684 2,300.47
4/27/05 76685 11,986.44
4/27/05 76686 352.77
4/27/05 76687 3,156.11
4/27/05 76688 66.50
4/27/05 76689 2,575.20
4/27/05 76690 1,330.00
4/27/05 76692 554.88
4/27/05 76693 23,544.00
4/27/05 76694 475.00
4/27/05 76695 807.03
4/27/05 76696 3,734.59
4/27/05 76697 397.37
4/27/05 76698 731.94
4/27/05 76699 1,017.08
4/27/05 76700 157.50
4/27/05 76701 7,308.75
4/27/05 76702 5,923.26
4/27/05 76703 274.85
4/27/05 76704 593.00
4/27/05 76705 2,292.16
4/27/05 76706 2,660.00
4/27/05 76707 551.78
4/27/05 76708 957.00
4/27/05 76709 271.17
4/27/05 76710 253.47
4/27/05 76711 293.25
4/27/05 76712 1,463.38
4/27/05 76713 2,915.45
4/27/05 76714 5,043.10
4/27/05 76715 2,625.25
4/27/05 76716 105.00
4/27/05 76717 1,214.00
4/27/05 76718 1,219.03
4/27/05 76719 60.00
4/27/05 76720 150.00
4/27/05 76721 2,067.46
4/27/05 76722 1,166.18
4/27/05 76723 2,313.18
4/27/05 76724 47.93
4/27/05 76725 381.19
4/27/05 76726 212.85
4/27/05 76727 1,695.19
4/27/05 76728 2,012.86
4/27/05 76729 932.71
4/27/05 76730 624.25
4/27/05 76731 284.96
4/27/05 76732 11,312.95
4/27/05 76733 3,458.00
4/27/05 76734 40.29
4/27/05 76735 4,605.02
4/27/05 76736 255.90
4/27/05 76737 400.00
4/27/05 76738 400.00
4/27/05 76739 2,757.72
4/29/05 76741 363.06
4/29/05 76742 371.24
4/29/05 76743 50.00
$169,775.92
NORTHERN CASTINGS CORPORATION CASE NO. 04-67608
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
3 RIVERS TRUCKING 20,011.26
ACE INSURANCE 988.95
ADVANCED TECHNOLIGIES 442.00
AERUS 41.54
AETNA U S HEALTHCARE 1,451.58
AIR HYDRAULICS 2,090.08
AIRGAS - NORTH CENTRAL 3,733.27
ALLIED MINERAL 3,115.20
ALTER TRADING 45,000.00
AMERICAN COLLOID 25,661.38
AMERIPRIDE LINEN 1,164.23
ANDERSON-CRANE 3,458.35
APPLIED IND. TECH 600.33
B & R ENGINEERING 4,353.60
BALDWIN SUPPLY 2,489.23
BARR ENGINEERING 118.16
BEAR COUNTRY MARKETING 1,995.00
BECKSTROM, BRUCE 86.34
BEHR IRON & STEEL 230,000.00
BERGAN, RON 588.45
BOB SCOFIELD 14,857.00
BRUCE R. SMITH 2,288.00
BUSCHE ENTERPRISE DIV 60,367.85
C.A. PICARD 5,877.01
CARLSON SYSTEMS 123.06
CARPENTER BROTHERS 388.84
CARQUEST 193.34
CARRIER VIBRATING EQUIP 554.88
CAST CORPORATION 49,213.00
CHAMPION CHISEL WORKS 665.10
CON-WAY 181.02
CRI RECYCLING 475.00
DAVID T. STALL 65.23
DISA 12,963.10
DIXIE INDUSTRIAL FINISHING 3,020.90
DULUTH CLINIC 305.90
DULUTH NEW TRIBUNE 349.00
EESCO 1,179.82
ELKEM 75,006.30
EMSCO 3,734.59
ENTERPRISE 766.34
ESS 279.00
EXPRESS PRINT 1,130.62
FASTENAL CO 583.49
FERRELLGAS 2,359.89
FULL CIRCLE IMAGE 30.58
G & B MAINTENANCE 422.50
NORTHERN CASTINGS CORPORATION CASE NO. 04-67608
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
G E CAPITAL 1,017.08
GENERAL DIESEL ELECTRONICS 157.50
GIL-MAR MANUFACTURING 15,206.25
GMP LOCAL 21B 1,320.00
GRAINGER 55.64
GREAT WESTERN RECYCLING 12,058.81
GUARANTEED QUALITY CLEANING 356.56
HEDBLOM, ROBERT 380.14
HERAEUS ELECTRO-NITE 3,528.40
HIBBING COMMUNITY COLLEGE 900.00
HICKMAN WILLIAMS & CO 1,060.00
HI-TEMP INC. 1,944.47
HWP RIGGING 371.00
INDUCTOTHERM 7,031.11
INTERNAL REVENUE SERVICE 50.00
IRON AGE CORP 274.85
IRS 150.00
J & B EQUIPMENT 772.00
J & W INSTRUMENTS 593.00
J. N. JOHNSON 237.91
JASPER ENG. 551.14
JOHNSON FLORAL 77.23
KEN'S A-1 AUTO 2,292.16
KOINS CORPORATION 5,329.66
KONIECZNY TOOL 2,660.00
KURTIS MOBERG 371.24
L & L RENTALS 907.07
LAND INSTRUMENTS 191.43
LARPEN METALLURGICAL 1,902.00
LEADING EDGE 210.00
LIFT PRO 271.17
LINA 8.00
MAX GRAY CONSTRUCTION 94,000.00
MCMASTER CARR 21.07
MESABI OFFICE EQUIPMENT 253.47
MESSERLI & KRAMER 598.96
METOKOTE CORPORATION 5,228.47
MIDTOWN MACHINE 933.88
MIDWEST COMPUTER DEPOT 373.25
MILLER & CO 15,336.00
MINN DEPT OF PULBIC SAFETY 400.00
MINNESOTA INDUSTRIES 6,056.40
MINNESOTA POWER 126,425.27
MINNESOTA REVENUE 400.00
MINNESOTA SUPPLY CO 5,043.10
MINN-TECH ELECTRONICS 2,572.78
MN CHILD SUPPORT 6,651.53
MN DEPT OF REV 66.37
MODERN PLATING CORP 1,318.81
NORTHERN CASTINGS CORPORATION CASE NO. 04-67608
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
MORRIS MATERIAL HANDLING 16,934.77
NATIONA METAL ABRASIVE 5,450.00
NEW CASTLE E-COATING 105.00
NORTHLAND CONSULTING ENG 4,305.00
OCCUPATIONAL DEV. CENTER 2,428.00
OFFICE NORTH 1,881.54
OMNIDYNE CORP 6,385.91
OVERHEAD DOOR 4,938.75
PAYROLL (INCLUDES AMOUNTS PAID BY CORPORATE) 381,306.16
PHILIPS HEATING/COOLING INC 60.00
PROVIDENT LIFE 67.29
PROVIDENT LIFE 363.06
PUBLIC UTILITIES 31,224.29
QUICK, ALAN 177.52
R. E. NICHOLSON VENTURES 150.00
RADKO IRON & SUPPLY 3,661.07
RANGE BUILDING MAINTENANCE 1,166.18
RANGE STEEL FABRICATORS 3,911.75
RANGE WATER CONDITIONING 47.93
RICE INDUSTRIES INC 381.19
ROGNESS EQUIPMENT CO 212.85
SAFETY-KLEEN CORP 1,695.19
SECURITAS SEC 2,012.86
SECURITY SEC SERV USA 1,610.28
SIM SUPPLY 932.71
ST LOUIS COUNTY 12,000.00
STEARNSWOOD 5,781.05
STEVE ZAITZ 400.00
SULLIVAN CANDY 1,021.41
SUNRISE BAKERY 449.52
TDS METROCOM 604.81
TOTAL TOOL SUPPLY 284.96
TOWN & COUNTRY 11,642.75
TRIMARK IND 95.26
TRITEC OF MN 5,413.00
UNIMIN SAND 10,000.00
VESUVIUS USA 7,346.16
VICKERS ENGINEERING 8,610.48
VISTA EYES 137.19
WENCK ASSOCIATION 5,897.03
WHEELABRATOR 5,880.70
YELLOW FREIGHT 187.36
-------------
$1,459,846.47
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: APRIL 30, 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: May 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 APRIL 30, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67613
) Chapter 11
) Judge: Marci B. McIvor
SUDBURY, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
X Operating Statement (Form 2)
X Balance Sheet (Form 3)
X Summary of Operations (Form 4)
X Monthly Cash Statement (Form 5)
X Statement of Compensation (Form 6)
X Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES X NO
----- -----
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES X NO
----- -----
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES X NO
----- -----
5. All United States Trustee Quarterly fees have been paid and are current
YES X NO
----- -----
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES X NO
----- -----
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: MAY 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 4/30/05
($000's)
CASE # 04-67613
SUDBURY
INC.
----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales -- --
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 -- (62,748)
=== =======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs April
(Allocation of Corporate Costs to Filing Entities)
(000's)
April
-------
Officer Compensation $ 189
Salary Expense other Employees 923
Employee Benefits and Pension 106
Payroll Taxes 59
Other Taxes 3
Rent and Lease Expense 184
Interest Expense
Insurance 62
Automobile and Truck Expense 14
Utilities(Gas Electric,Phone) 64
Depreciation 87
Travel and Entertainment 78
Repairs and Maintenance 175
Advertising/Promotion 0
Supplies, Office Expense 19
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 53
Public Reporting Fees 11
Employee Relocation/Training 17
Data Processing 32
Dues and Subscriptions 9
Outside Services 146
Project Development Costs net of Billings 40
Director Fees 25
Miscellaneous 2
Legal Fees 28
Cost Allocation - Europe (78)
Cost Allocation - Out (140)
------
$2,458
======
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 805
------
Total $2,458
======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 4-30-05
($000's)
CASE # 04-67613
SUDBURY
INC.
---------------
Cash And Equivalents $ --
Accounts Receivable 7
Short-Term Intercompany Receivables --
Inventories --
Other Current Assets --
--------
TOTAL CURRENT ASSETS 7
Land and Buildings (2,077)
Machinery & Equipment (23,412)
Construction In Progress --
--------
Total Fixed Assets (25,489)
Accumulated Depreciation 25,489
--------
NET FIXED ASSETS --
Investment In Subsidiaries --
Investment In European Operations --
Long-Term Intercompany Receivables 12,860
Deferred Taxes, Long-Term Asset --
Other Assets 78
--------
TOTAL ASSETS 12,945
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable --
Wages and Salaries (See schedule) --
Taxes Payable - (See schedule) --
--------
TOTAL POST PETITION LIABILITIES --
SECURED LIABILITIES:
SECURED BANK DEBT --
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes (2,031)
Accrued Tax - State --
Accrued Property Taxes 47
Accrued Workers Comp. --
Accrued Payroll --
Accrued Payroll Taxes --
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES (1,984)
UNSECURED LIABILITIES
Accounts Payable 2
Senior & IDR Bonds --
--------
TOTAL UNSECURED LIABILITIES 2
OTHER LIABILITIES
Accrued Liabilities 3
Short-Term Intercompany Payables --
Capital Leases --
Retirement Benefits --
Deferred Taxes - Long-Term Liability --
Other Long-Term Liabilities --
Long-Term Intercompany Payables 64,312
Minority Interest --
--------
TOTAL LIABILITIES 62,333
Common Stock --
Capital In Excess Of Par Value 86,100
Retained Earnings - Prepetition (72,740)
Retained Earnings - Post Petition (62,748)
Equity In European Operations --
Accumulated Translation Adjustment --
Minimum Pension Liability Adjustment --
Unearned Restricted Stock --
--------
TOTAL SHAREHOLDER EQUITY (49,388)
--------
TOTAL LIABILITIES AND EQUITY $ 12,945
========
PERIOD ENDED: 04-30-05 SUDBURY INC. CASE #04-67613
SCHEDULE OF POST-PETITION
TAX LIABILITY
----------------------------------
Balance Balance
as of Accrued / Payments / as of
3/31/2005 Withheld Deposits 4/30/2005
--------- --------- ---------- ---------
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 petition) 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: MONTHLY CASH STATEMENT
MONTH ENDED 4/30/2005
CASE # 04-67613
SUDBURY, INC.
-------------------------------
ACCOUNT TYPE INVESTMENT INVESTMENT
ACCOUNT # 413046662076 413046663076
BANK Morgan Stanley Morgan Stanley
-------------- --------------
BEGINNING BANK BALANCE 555 288,667
RECEIPTS 1 559
TRANSFERS IN (CORPORATE) -- --
DIP INFLOW -- --
DISBURSEMENTS -- --
TRANSFERS OUT (CORPORATE) -- --
DIP REPAYMENT -- --
--- -------
ENDING BANK BALANCE 555 289,226
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: APRIL 30, 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: MAY 20, 2005 ___________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Form 6
Sudbury, Inc.
Case Number: 04-67613
Intermet Corporation and Subsidiaries
Schedule of In-Force Insurance
INSURANCE TYPE CARRIER POLICY PERIOD
-------------- -------------- -----------------
Property Lloyds 11/1/04-11/1/05
Boiler/Machine Hartford 11/1/04-11/1/05
Cargo Fireman's Fund 11/1/04-11/1/05
Truck Cargo Fireman's Fund 11/1/04-11/1/05
Aviation USAIG 11/1/04-11/1/05
Fiduciary St. Paul 11/1/04-11/1/05
Primary D&O St. Paul 11/1/04-11/1/05
Excess D&O Chubb 11/1/04-11/1/05
Excess D&O Platte River 11/1/04-11/1/05
Crime AIG 12/1/04-12/1/05
General Liability ACE 12/22/04-12/22/05
Umbrella National Union 12/22/04-12/22/05
Workers' Comp ACE 12/22/04-6/22/05
Excess Workers' Comp ACE 12/22/04-12/22/05
Auto ACE 12/22/04-12/22/05
Foreign (DIC) ACE 12/22/04-12/22/05
Note: This list does not include In-Force Insurance for Foreign Subsidiaries.
UNITED STATES BANKRUPTCY COURT
FOR THE EASTERN DISTRICT OF MICHIGAN
TRANSMITTAL OF FINANCIAL REPORTS AND
CERTIFICATION OF COMPLIANCE WITH UNITED STATES TRUSTEE
OPERATING REQUIREMENTS FOR
THE PERIOD ENDED APRIL 30, 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: MAY 20, 2005 /s/ Robert E. Belts
----------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------------------------
Title Phone
MONTHLY CASH STATEMENT
Period Ending: APRIL 30, 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 IN THE
(C-D) CONSOLIDATED COLUMBUS FOUNDRY OPERATING REPORT
(CASE #04-67609).
(PLEASE ATTACH COPIES OF MOST RECENT RECONCILED BANK STATEMENTS
FROM EACH ACCOUNT)
General Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Payroll Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Tax Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Other monies on hand (specify type and location) i.e., CD's, bonds, etc.:
_________________________________________________________________________
_________________________________________________________________________
Date: MAY 20, 2005 ______________________________
Debtor in Possession
Form 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: APRIL 30, 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: MAY 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 APRIL 30, 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: MAY 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 4/30/05
($000's)
CASE # 04-67610
TOOL
PRODUCTS, INC.
----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 5,501 34,326
Cost of Goods Sold
Materials and Freight 841 5,571
Wages - Hourly 1,251 7,991
Wages-Salary 305 1,876
Employee Benefits and Pension 276 3,272
Repairs & Maintenance 197 832
Supplies 278 1,507
Utilities 239 1,619
Purchased Components/Services 1,467 7,266
Income(loss) from Pattern Sales -- 3
Fixed Asset - (gain/loss) -- 2
MIS Expense 19 135
Travel & Entertainment 22 92
Other Variable Costs 238 822
Depreciation & Amortization 229 1,465
Other Allocated Fixed Costs -- (1)
Other Fixed Costs 101 480
----- ------
Cost of Goods Sold 5,463 32,932
Gross Profit 38 1,394
Plant SG&A Expense 80 463
SG&A Expense - Allocation (Sched 1) 137 929
Other Operating Expenses -- 567
----- ------
Total Operating Expenses 217 1,959
Operating Profit (179) (565)
Outside Interest Income -- --
Outside Interest (Expense) (2) (46)
Intercompany Interest Income -- --
Intercompany Interest (Expense) (108) (544)
Charges (From) Affiliates -- --
Charges To Affiliates -- --
Income/Loss From European Operations -- --
Other Income/(Expense) -- --
----- ------
Total Non-Operating Expenses (110) (590)
Income Before Income Taxes (289) (1,155)
Income Tax Expense 58 241
----- ------
Net Income (347) (1,396)
===== ======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs April
(Allocation of Corporate Costs to Filing Entities)
(000's)
April
--------
Officer Compensation $ 189
Salary Expense other Employees 923
Employee Benefits and Pension 106
Payroll Taxes 59
Other Taxes 3
Rent and Lease Expense 184
Interest Expense
Insurance 62
Automobile and Truck Expense 14
Utilities(Gas Electric,Phone) 64
Depreciation 87
Travel and Entertainment 78
Repairs and Maintenance 175
Advertising/Promotion 0
Supplies, Office Expense 19
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 53
Public Reporting Fees 11
Employee Relocation/Training 17
Data Processing 32
Dues and Subscriptions 9
Outside Services 146
Project Development Costs net of Billings 40
Director Fees 25
Miscellaneous 2
Legal Fees 28
Cost Allocation - Europe (78)
Cost Allocation - Out (140)
------
$2,458
======
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 805
------
Total $2,458
======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 4-30-05
($000's)
CASE # 04-67610
TOOL
PRODUCTS, INC.
---------------
Cash And Equivalents $ 1
Accounts Receivable 7,231
Short-Term Intercompany Receivables 669
Inventories 5,403
Other Current Assets 604
--------
TOTAL CURRENT ASSETS 13,908
Land and Buildings 10,943
Machinery & Equipment 24,656
Construction In Progress 789
--------
Total Fixed Assets 36,388
Accumulated Depreciation (14,074)
--------
NET FIXED ASSETS 22,314
Investment In Subsidiaries --
Investment In European Operations --
Long-Term Intercompany Receivables 8,887
Deferred Taxes, Long-Term Asset --
Other Assets --
--------
TOTAL ASSETS 45,109
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable 1,615
Wages and Salaries (See schedule) 398
Taxes Payable - (See schedule) 334
--------
TOTAL POST PETITION LIABILITIES 2,347
SECURED LIABILITIES:
SECURED BANK DEBT --
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes --
Accrued Tax - State --
Accrued Property Taxes --
Accrued Workers Comp. 376
Accrued Payroll --
Accrued Payroll Taxes --
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 376
UNSECURED LIABILITIES
Accounts Payable 6,624
Senior & IDR Bonds --
--------
TOTAL UNSECURED LIABILITIES 6,624
OTHER LIABILITIES
Accrued Liabilities 2,353
Short-Term Intercompany Payables 982
Capital Leases 321
Retirement Benefits 239
Deferred Taxes - Long-Term Liability --
Other Long-Term Liabilities --
Long-Term Intercompany Payables 1,862
Minority Interest --
--------
TOTAL LIABILITIES 15,104
Common Stock --
Capital In Excess Of Par Value 19,200
Retained Earnings - Prepetition 12,201
Retained Earnings - Post Petition (1,396)
Equity In European Operations
Accumulated Translation Adjustment --
Minimum Pension Liability Adjustment --
Unearned Restricted Stock --
--------
TOTAL SHAREHOLDER EQUITY 30,005
--------
TOTAL LIABILITIES AND EQUITY $ 45,109
========
PERIOD ENDED: 04-30-05 TOOL PRODUCTS, INC. (JACKSON) CASE #04-67610
SCHEDULE OF POST-PETITION
TAX LIABILITY
-----------------------------------
Balance Balance
as of Accrued / Payments / as of
3/31/2005 Withheld Deposits 4/30/2005
---------- --------- ---------- ----------
Income tax withheld: Federal $ 0 ($55,105) $ 55,105 $ 0
Income tax withheld: State 0 0 0 0
Income tax withheld: Local 0 0 0 0
FICA Withheld 0 (37,474) 37,474 0
Employers FICA 0 (37,474) 37,474 0
Unemployment Tax: Federal (9,436) (974) 9,436 (974)
Unemployment Tax: State (32,401) (3,338) 32,511 (3,228)
All Other Payroll W/H (264) (11,368) 11,368 (264)
State Taxes: Inc./Sales/Use
/Excise (2,007) (669) 2,007 (669)
Property Taxes (24,000) (9,000) 0 (33,000)
Workers Compensation (33,269) (6,151) 178 (39,242)
---------- --------- -------- ----------
Total ($101,376) ($161,554) $185,554 ($77,377)
Wages and Salaries (138,816) (128,319) 60,583 (206,552)
---------- --------- -------- ----------
Grand Total ($240,192) ($289,873) $246,137 ($283,928)
========== ========= ======== ==========
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 $ 281,225 $ 281,225 $ 0 $ 0
Accounts Receivable $2,744,253 $2,483,581 $79,459 $181,213
PERIOD ENDED: 04-30-05 TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE #04-67610
SCHEDULE OF POST-PETITION TAX LIABILITY
---------------------------------------
Balance Balance
as of Accrued / Payments / as of
3-31-05 Withheld Deposits 04-30-05
---------- ---------- ---------- ----------
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 ($171,000) ($ 57,000) $171,000 ($ 57,000)
Property Taxes ($ 11,166) ($ 11,349) $ 0 ($ 22,515)
Workers Compensation ($175,801) ($ 30,000) $ 29,639 ($176,162)
---------- ---------- -------- ----------
Total ($357,968) ($ 98,349) $200,639 ($255,678)
Wages and Salaries ($153,052) ($ 39,305) $ 0 ($192,357)
---------- ---------- -------- ----------
Grand Total ($511,020) ($137,654) $200,639 ($448,035)
========== ========== ======== ==========
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 $1,334,745 $1,334,745 $ 0 $ 0
Accounts Receivable $5,360,922 $3,472,932 $964,143 $923,847
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 4/30/2005
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 332,571 936,337 -- 303 -- -- --
TRANSFERS IN (CORPORATE) 216 -- -- 745,329 76 321,220 39,584
DIP INFLOW -- -- -- -- -- -- --
DISBURSEMENTS (216) -- -- (745,632) (76) (321,220) (39,584)
TRANSFERS OUT (CORPORATE) (332,571) (936,337) -- -- -- -- --
DIP REPAYMENT -- -- -- -- -- -- --
---------- -------------- ------------------- ---------- ---------- ---------- ----------
ENDING BANK BALANCE -- -- -- -- -- -- --
---------- -------------- ------------------- ---------- ---------- ---------- ----------
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 764,613
CHECKS ISSUED 697,742
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 544,744
CORPORATE DEBIT MEMOS 1,421
----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $2,008,521
==========
OUTSTANDING CHECKS AS OF MARCH 31 223,577
VOIDED CHECKS OUTSTANDING AS OF MARCH 31 --
CHECKS ISSUED DURING APRIL 697,742
CHECK CLEARED DURING APRIL (745,405) Includes checks clearing from Comerica
---------- above less the $303 encoding error.
OUTSTANDING CHECKS AS OF APRIL 30 (SEE OUTSTANDING CHECKLIST) $ 175,915
==========
TOOL PRODUCTS, INC.
CASE NO. 04-67610
AT 4/30/05
JACKSON - BANK RECONCILIATION
Bank Balance $ --
Actual Outstanding Checks 175,914.97
Misc Reconciling Items Adjusted in May (10.00)
-----------
175,904.97
Unadjusted GL Balance 175,904.97
-----------
Difference $ --
===========
JACKSON
OUTSTANDING CHECKS
CASE NO. 04-67610
DATE CHECK OUTSTANDING
---- ----- -----------
4/19/05 22677 $ 159.90
4/21/05 22685 445.86
4/21/05 22689 48.06
4/21/05 22690 1,022.25
4/21/05 22693 374.92
4/21/05 22694 631.34
4/21/05 22707 176.70
4/21/05 22712 1,722.00
4/21/05 22717 1,238.96
4/21/05 22724 174.97
4/28/05 22729 177.98
4/28/05 22730 137.50
4/28/05 22731 1,018.16
4/28/05 22732 1,892.20
4/28/05 22733 881.88
4/28/05 22735 125.00
4/28/05 22737 16.97
4/28/05 22738 145.00
4/28/05 22739 1,564.81
4/28/05 22740 242.97
4/28/05 22741 983.48
4/28/05 22742 6,288.50
4/28/05 22743 249.00
4/28/05 22744 58.72
4/28/05 22745 15,978.67
4/28/05 22746 129.72
4/28/05 22747 115.50
4/28/05 22748 95.00
4/28/05 22749 2,800.00
4/28/05 22750 1,440.00
4/28/05 22751 403.90
4/28/05 22752 255.05
4/28/05 22754 267.84
4/28/05 22757 1,928.51
4/28/05 22758 224.78
4/28/05 22759 68.16
4/28/05 22760 29,533.34
4/28/05 22762 2,265.98
4/28/05 22763 788.59
4/28/05 22764 746.20
4/28/05 22765 49.39
4/28/05 22766 4,690.07
4/28/05 22767 1,603.52
4/28/05 22768 284.11
4/28/05 22769 3,089.00
4/28/05 22770 699.60
4/28/05 22771 12,563.15
4/28/05 22772 91.85
4/28/05 22773 401.93
4/28/05 22774 916.12
4/28/05 22776 27,410.40
4/28/05 22777 1,126.32
4/28/05 22778 613.35
4/28/05 22780 133.85
4/28/05 22781 2,484.84
4/28/05 22782 529.95
4/28/05 22783 3,543.00
4/28/05 22789 19,655.41
4/28/05 22790 10,961.60
4/28/05 22791 393.04
4/28/05 22792 321.33
4/28/05 22793 2,500.00
4/28/05 22794 2,762.52
4/28/05 22795 386.29
4/28/05 22796 252.00
4/28/05 22797 1,460.66
4/28/05 22798 173.30
$175,914.97
TOOL PRODUCTS, INC. (JACKSON) CASE NO. 04-67610
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
ACE INSURANCE $ 802.54
INDUSTRIAL DEVELOPMENT BOARD 200.00
MERCER 252.00
PROVIDENT LIFE 166.46
PAYROLL (INCLUDES AMOUNTS PAID BY CORPORATE) 544,744.32
ACTION FLUID POWER 1,635.64
ADVANCED METAL PRODUCTS 179.89
AH ASSOCIATES 3,200.00
AIR DRAULICS ENGINEERING CO 1,492.58
AIRGAS SOUTH 4,562.90
ALCHEM ALUMINUM, INC. (IMCO) 324,046.80
ALLIED VAN LINES 8,476.63
ALUAR 258,192.72
APICS 125.00
APPLIED SCALE TECHNOLOGY 170.00
ASI DATAMYTE INC. 327.75
AT &T 16.97
AUTOMOTIVE NEWS 145.00
AVAYA 466.24
A-Z OFFICE RESOURCES, INC. 1,555.08
B & B FIRE PROTECTION 499.82
BLUFF CITY ELECTRONICS 1,224.69
BOB CROWE 748.97
BOB FULGHAM 520.80
BRANDON LANGHANS 460.81
BUHLER INC. 11,828.38
BUSINESS EQUIPMENT CENTER 166.91
CANON FINANCIAL SERVICES, INC. 1,017.38
CHAPTER 13 TRUSTEE 3,965.48
CHEM TREND INCORPORATED 30,449.18
CHEM-DRY 249.00
CITY OF JACKSON 17,000.92
COMPRESSORS & TOOLS, INC. 115.50
CONTRA COSTA 380.00
CRANE SERVICE INC. 1,299.50
CROSS MACHINE TOOL CO INC. 7,950.00
D & C SALES 1,440.00
D M E CORP 1,589.60
DANKA INDUSTRIES INC. 1,000.82
DANLY IEM 255.05
DAVE CLARK 662.34
DBH 31.42
DIEMER ASSOCIATES INC. 663.64
ENGINEERED PRODUCTS DIVIS 6,806.33
ERVIN INDUSTRIES INC. 2,867.98
TOOL PRODUCTS, INC. (JACKSON) CASE NO. 04-67610
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
FERRELL GAS 762.48
FLOZONE SERVICES INC. 2,148.50
FLUID POWER OF MEMPHIS 1,825.33
FRANKLIN ELECTROFLUID CO 81.45
FREEMAN MFG & SUPPLY 159.90
FUGITT RUBBER AND SUPPLY CO 6,377.70
G & H INDUSTRIES 882.91
G.W. SMITH AND SONS INC. 57.45
GENERAL SESSIONS COURT 272.64
GOLDEN KEY REALTORS 650.00
GORDON PETERS 2,518.32
GRAVES METAL PRODUCTS, INC. 681.29
GRIFFIN TOOL 29,533.34
H C I SUPPLY INC. 12,745.68
HEALTH CONSULTANTS, INC. 1,312.50
HI TEMP PRODUCTS INC. 4,110.50
HILDRETH 1,540.60
HI-SPEED INDUSTRIAL SERVICE 6,492.15
IN STAFF PERSONNEL 598.20
INDUSTRIAL GYPSUM 370.00
INDUSTRIAL LUBRICANTS, INC. 746.20
JACKSON COMMUNICATIONS 49.39
JACKSON ENERGY AUTHORITY 108,189.30
JEVIC 177.98
JONES, GRADY W.-CO. OF MEMPHIS 648.92
KAREN LAIRD 219.00
L&H SUPPLY CO INC. 5,726.25
LAND TRANSPORTATION 975.62
LEEANN CAFFREY 594.41
LIFT TRUCK SERVICE & RENTALS 646.76
LORMAN EDUCATION SERVICES 578.00
LOWE'S COMPANIES 995.79
M & I MACHINE 4,073.50
MACHINE TOOL & SUPPLY (JKSN) 4,497.35
MACK PEST CONTROL 140.00
MADISON COUNTY CLERK 367.40
MADISON FINISHING INC. 48,261.85
MARTIN INDUSTRIAL 1,582.75
MCMASTER CARR SUPPLY CO 4,910.44
MEDICAL CENTER LABORATORY 18.34
METALLICS SYSTEMS CO. L.P. 821.50
METALLURG ALUMINUM 10,618.00
MIDVALE INDUSTRIES INC. 6,315.60
MIRSA CORPORTION 3,759.84
MTRONICS.COM INCORPORATED 162,698.72
NES RENTALS 1,126.32
TOOL PRODUCTS, INC. (JACKSON) CASE NO. 04-67610
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
NEWCO INC. 47.34
OFFICE DEPOT 613.35
PARAMOUNT UNIFORM RENTAL 1,326.19
PAT WALKER PETTY CASH 2,017.30
PENNSYLVANIA STATE CHILD SUPPORT 535.40
PERSONNEL MANAGEMENT INC. 4,804.72
PITNEY BOWES CREDIT CORP 191.21
PORTER WARNER INDUSTRIES 1,448.75
PRAB CONVEYORS INC. 3,543.00
PRECISION MACH PRODUCTS 64,586.14
PYROTEK, INC. 25,452.86
QUEST DIAGNOSTICS 205.52
RAMON AYALA DELGADO 2,129.55
RIMROCK CORP 6,296.13
ROBERT CLINE 129.72
SAM'S CLUB - JACKSON 153.73
SCOTT BLEEKS 1,564.81
SHERRY CHURCH 232.48
SIDNEY DAVID FLORIST & GIFT 36.22
SPAN AMERICA INC. 7,803.03
SPECTRO ALLOYS CORP 110,403.00
SPECTRO ANALYTICAL INSTR 64.98
SPECTRUM FINISHING 9,114.20
SPRINT 386.29
STATE OF TENNESSEE 250.00
STEPHEN BADER CO INC. 407.98
STRIKO DYNARAD CORPORATION 1,959.56
TEC ENVIRONMENTAL LABORATORIES 460.00
TENNESSEE CHILD SUPPORT 5,847.26
THE ROYAL GROUP 8,200.18
THOMAS MCKEOWN 252.00
TRANSMAN 60,376.70
UNITED SAW AND SUPPLY CO 223.30
WEST TENNESSEE COFFEE SERVICE 615.45
ZYP COATINGS INC. 1,029.00
-------------
$2,008,520.56
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS: MONTHLY CASH STATEMENT
MONTH ENDED 4/30/2005
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 -- -- -- -- -- -- --
RECEIPTS 3,478,524 127,680 12,512 -- -- -- --
TRANSFERS IN (CORPORATE) -- -- -- 875,393 327,052 539,715 23,884
DIP INFLOW -- -- -- -- -- -- --
DISBURSEMENTS -- -- -- (875,393) (327,052) (539,715) (23,884)
TRANSFERS OUT (CORPORATE) (3,478,524) (127,680) (12,512) -- -- -- --
DIP REPAYMENT -- -- -- -- -- -- --
---------- -------- ------- -------- -------- -------- -------
ENDING BANK BALANCE -- -- (0) -- -- -- --
========== ======== ======= ======== ======== ======== =======
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 1,166,959
CHECKS ISSUED 1,229,514
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 925,527
CORPORATE DEBIT MEMOS 419
-----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 3,322,419
===========
OUTSTANDING CHECKS AS OF MARCH 31 335,834
VOIDED CHECKS OUTSTANDING AS OF MARCH 31 (4,115)
CHECKS ISSUED DURING APRIL 1,229,514
CHECK CLEARED DURING APRIL (1,202,446)Includes checks clearing from Comerica above.
-----------
OUTSTANDING CHECKS AS OF APRIL 30 (SEE OUTSTANDING CHECKLIST) $ 358,787
===========
TOOL PRODUCTS, INC.
CASE NO. 04-67610
AT 4/30/05
MINNEAPOLIS - BANK RECONCILIATION
Bank Balance --
Actual Outstanding Checks $358,787.17
Miscellaneous Reconciling Items Adjusted in May (6.30)
- -------------------------------------------------------------
358,780.87
Unadjusted GL Balance 358,780.87
-----------
Difference $ --
===========
TOOL PRODUCTS, INC.
CASE NO. 04-67610
MINNEAPOLIS
OUTSTANDING CHECK LIST
CASE NO. 04-67610
DATE CHECK OUTSTANDING
---- ------ -----------
11/8/04 451757 $ 271.85
11/11/04 451812 500
11/15/04 451855 124.74
12/3/04 452068 192.32
12/8/04 452188 105.53
12/28/04 452484 114.01
1/13/05 452731 399.78
1/27/05 453057 96.29
3/3/05 453686 78.17
3/11/05 453807 105.75
3/18/05 453966 174.95
3/21/05 453979 580
3/23/05 454070 363.67
3/31/05 454154 1559.1
4/7/05 500073 559.32
4/11/05 500132 56.65
4/15/05 500264 210.88
4/15/05 500285 193.14
4/18/05 500357 151.75
4/19/05 500371 221.77
4/20/05 500374 986.2
4/20/05 500376 99.27
4/20/05 500381 90.72
4/20/05 500383 51.12
4/21/05 500392 2263.79
4/21/05 500411 355.7
4/21/05 500413 75
4/21/05 500414 150
4/21/05 500418 316.27
4/21/05 500421 127.48
4/21/05 500425 75
4/22/05 500430 507.96
4/22/05 500432 377.76
4/22/05 500433 152.48
4/22/05 500436 859.46
4/25/05 500438 108.2
4/25/05 500441 53.07
4/25/05 500442 437.5
4/25/05 500443 79.53
4/25/05 500444 90
4/25/05 500445 238
4/26/05 500447 1155
4/26/05 500449 603.98
4/26/05 500450 79.44
4/26/05 500451 2430.73
4/26/05 500452 1098
4/26/05 500454 1081.4
4/26/05 500455 51.39
4/26/05 500456 100
4/26/05 500458 69430.49
4/26/05 500459 1536.49
4/26/05 500460 126.27
4/26/05 500461 225.75
4/26/05 500465 32511.02
4/26/05 500467 26277.53
4/26/05 500468 415.07
4/27/05 500469 21.72
4/27/05 500471 2165.05
4/27/05 500472 1932.88
4/27/05 500473 35.36
4/27/05 500474 305.68
4/27/05 500476 1897.83
4/27/05 500477 190
4/27/05 500478 2796
4/27/05 500479 5700
4/27/05 500480 741.24
4/27/05 500481 964.89
4/28/05 500484 394.98
4/28/05 500485 13653.6
4/28/05 500486 431.46
4/28/05 500487 6220
4/28/05 500488 37.61
4/28/05 500489 2310.14
4/28/05 500490 50.54
4/28/05 500491 115.34
4/28/05 500492 69.23
4/28/05 500493 127.5
4/28/05 500494 190.09
4/28/05 500495 73.63
4/28/05 500496 77.31
4/28/05 500497 82.22
4/28/05 500498 14.31
4/28/05 500499 2354.25
4/28/05 500500 120.57
4/28/05 500501 178.04
4/28/05 500503 354.44
4/28/05 500504 469.5
4/28/05 500505 1522.5
4/28/05 500506 507.6
4/28/05 500507 75
4/28/05 500508 50.5
4/28/05 500509 209.62
4/29/05 500510 2279.43
4/29/05 500511 1438.29
4/29/05 500512 107.55
4/29/05 500513 214.85
4/29/05 500514 29667.57
4/29/05 500515 1139.74
4/29/05 500516 1338.43
4/29/05 500517 500
4/29/05 500518 117
4/29/05 500519 490.4
4/29/05 500520 15054.36
4/29/05 500521 46059.3
4/29/05 500522 336.37
4/29/05 500523 16028.37
4/29/05 500524 1333.64
4/29/05 500525 1600.45
4/29/05 500526 189.2
4/29/05 500527 228.34
4/29/05 500528 395.54
4/29/05 500529 77.22
4/29/05 500530 18104.24
4/29/05 500531 29.37
4/29/05 500533 800
4/29/05 500534 109.69
4/29/05 500535 400
4/29/05 500536 1575.15
4/29/05 500537 4072.28
4/29/05 500538 134.94
4/29/05 500539 6876.64
4/29/05 500540 958.5
4/29/05 500541 479.25
4/29/05 500542 276.36
4/29/05 500543 4105.15
4/29/05 500544 632.61
4/29/05 500545 2666.25
4/29/05 500546 160.07
38471 500547 404.21
38471 500548 730
38471 500549 63.88
38471 500550 101.91
38471 500551 239.24
38471 500552 154.01
$358,787.17
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
A&C METALS-SAWING INC. $ 1,248.62
ABRASIVE SPECIALISTS 1,634.45
ACE INSURANCE 12.00
ADAMS PEST CONTROL INC. 68.75
ADVANCED INSP SERVICES LLC 1,155.00
AIR ENGINEERING & SUPPLY 190.04
AIR HYDRAULIC SYSTEMS 77.90
AIR POWER EQUIPMENT CORP 2,003.02
AIRPORT & AIRLINE TAXI-CAB 71.00
APPLIED INDUSTRIAL 2,279.43
ARROW CRYOGENICS 35,124.83
ASSOCIATED BAG COMPANY 1,343.55
AT&T 214.85
AUTOMATION INC. 231.27
AVTEC FINISHING SYSTEMS,INC. 147.84
BATTERIES PLUS 625.52
BEES INDUSTRIAL SERVICES 986.20
BERNE SCALE CO 173.25
BILL THONI 187.42
BLUMENTHALS 58,110.29
BOB GORNIK 69.23
BOBETTE SAJION 354.44
BOHLER UDDEHOLM CORP. 76,793.64
BRAAS COMPANY 507.96
BRACH MACHINE INC. 196.84
BROWNING & FERRIS 657.66
BUHLER INC. 14,692.21
BUSINESS SOLUTIONS 1,139.74
C C DAY COMPANY 603.98
CADD/ENGINEERING SUPPLY, INC. 217.16
CARBON PRODUCT TECHNOLOGY 629.00
CAREFREE SERVICES INC. 1,338.43
CENTERPOINT ENERGY MARKETING 68,952.93
CENTRAL CONTAINER CORP 51,430.43
CENTURY SUN METAL TREATING 2,065.72
CERTIFIED POWER INC. 2,535.16
CHEM TREND LIMITED PARTNERSHIP 16,791.35
CINDY MANCUSO 1,063.57
CITY OF NEW HOPE 5,948.42
CMS-CONSOLIDATED MEDICAL SER 120.00
COLLIN MILLER 14.31
CONCEPT MACHINE TOOL 854.62
CON-WAY CENTRAL EXPRESS 388.02
CORY MILLER 915.02
CROWLEY & ASSOCIATES 9,249.28
CROWN MARKING INC. 49.31
CRUCIBLE SERVICE CENTERS 99.27
CUSTOMIZED TRAIN 6,220.00
DADANT & SONS, INC. 510.44
DAVID OLSON SALES CO 108.20
DECO TOOL SUPPLY COMPANY 862.30
DEPARTMENT OF SOCIAL SERVICES 150.44
DIEMER ASSOCIATES INC. 12,996.57
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
DOMS INC. 210.88
DOSATRON INCORP 63.88
DUNCAN COMPANY 727.32
DWAYNE VOSS 444.98
DYNAMEX 133.60
EDM SALES & SUPPLIES 440.26
EDP ENGINEERING GROUP 54,412.33
EMPLOYERS ASSOCIATION 782.58
ENGINEERED FINISHING CORP. 3,838.88
ENTEGEE/ADVANCE POSSIS 8,657.90
FAMILY SUPPORT PAYMENT CENTER 202.16
FASTENAL COMPANY 9,382.26
FED EX FREIGHT 329.35
FEDEX 115.34
FERRELLGAS 928.18
FIFTH THIRD LEASING COMPANY 15,054.36
FIREBRICK ENGINEERING 47,901.30
FLAME METALS PROCESSING 75.00
FOUR SEASONS FLORAL & GIFTS 336.37
FRANCI AMES 390.70
FREEDOM FINISHING 207.12
FRISBY P.M.C. 9,168.12
GE CAPITAL FLEET 1,545.93
GENERAL ELECTRIC CAPITAL 30,806.55
GREATER TWIN CITIES UNITED WAY 5,774.68
HARD CHROME INC. 775.00
HILDRETH 5,590.45
HOLIDAY 2,166.50
HOSE/CONVEYORS INCORPORATED 1,282.36
IDRAPRINCE INC. 200.00
IMPRINT ENTERPRISES 459.32
INDUSTRIAL HYDRAULIC SERVICE 7,303.45
INTEGRA TELECOM 1,625.80
INTERNATIONAL SURFACE PREPARAT 326.71
INTERNET INC. 785.44
J & W INSTRUMENTS, INC. 1,502.45
JEFF BRANDT 394.98
JEFF JOHNSON 4,397.58
JESCO INDUSTRIAL SUPPLIES 127.00
JESKA TECHNICAL SERVICE, INC. 1,250.00
JOHN HENRY FOSTER CO 446.28
KENNETH ETZLER 753.01
KIRSTEN MULARKY 400.00
KURT MANUFACTURING COMPANY 10,258.10
L & S SERVICES (PREV ANTEC) 465.05
LAB SAFETY SUPPLY INC. 73.63
LAKELAND ENG 532.57
LAKEVIEW POLISHING 581.20
LARRY SCHWEBACH 2,413.72
LEEF BROS INC. 3,829.16
LOFTEN LABEL, INC. 833.04
LUBE TECH 2,204.76
MACHINE TOOL SUPPLY INC. 615.44
MAGNA-TECH 1,098.72
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
MAKRITE PARTS 1,081.40
MARODI INC. 923.05
MARSHALL NELSON & ASSOCIATES 2,662.12
MATT HANKEN 1,461.14
MAZAK CORPORATION 79.53
MCMASTER CARR SUPPLY CO 1,162.37
MERCER 333.00
METAL TREATERS INC. 3,338.47
METALMATIC 70,438.88
METROCALL 29.37
MICHAEL DAHLEN 133.16
MICRO-WELD 695.00
MID STATE FABRICATING INC. 213.09
MIDWEST MACHINE TOOL 861.40
MINDAK DISTRIBUTING 277.58
MINN CHILD SUPPORT PAYMENT CTR 8,427.26
MINNESOTA DEPT OF REVENUE 120.57
MINNESOTA UC FUND 69,430.49
MN BEARING 109.69
MN DEPT OF PUBL 400.00
MN OFFICE OF ENV 800.00
NADCA 150.00
NADCA 75.00
NANCY MICKELSON 82.22
NEW DIMENSION PLATING 1,044.00
NORANDA ALUMINUM 159,255.36
NORMAN EQUIPMENT COMPANY 157.91
NOVOTECHNIK U.S. INC. 1,575.15
OLSEN CHAIN & CABLE 325.00
OSI ENVIRONMENTAL 9,883.28
P F C EQUIPMENT 330.52
PAM'S POLISHING 9,120.00
PARAGON TECHNOLOGIES 426.00
PAUL KARNOWSKI 69.23
PAYROLL (INCLUDES AMOUNTS PAID BY CORPORATE) 925,527.25
PETTY CASH 277.75
PHYGEN, INC. 700.00
PIONEER METAL FINISHING 3,605.97
PIRTEK PLYMOUTH 134.94
POWDER TECH 4,602.32
POWER/MATION DIVISION 1,706.60
PRECISION POLISHING 2,314.00
PRECISION SAW 11,231.75
PRECISION TOOL CO. 2,810.46
PRO STAFF 918.00
PRODUCTIVITY INC. 5,431.94
PROFILE TOOL & ENG INC. 6,250.00
PROGRESSIVE COMPONENTS 2,256.06
PROLIFT SERVICES, INC. 3,351.46
PROVIDENT LIFE 73.53
PYROTEK 225.75
QUAD STEEL 2,325.83
QUEST ENGINEERING INC. 1,857.28
QUICKWAY RIGGING AND 7,100.82
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
RAY DAY 500.20
RELIASTAR BANKERS 1,899.85
RELIASTAR LIFE INSURANCE CO. 5,185.11
RELIZON 93.96
REPLENEX (A-1 CUTTING TOOLS) 193.00
RICE INDUSTRIES 6,316.38
RICK KRAMBER 190.09
RIMROCK CORP 76,037.86
RIVER CITY PACKAGING 1,888.80
ROBERTS AUTOMATIC PROD INC. 2,265.63
ROTO ROOTER 746.00
S & T OFFICE PRODUCTS INC. 1,293.55
SAVOIE SUPPLY CO. INC. 4,343.93
SEARS 276.36
SETON IDENTIFICATION PRODUCTS 336.18
SEVERN TRENT 10,269.00
SHIPPERS SUPPLY INC. 254.83
SKARNES 95.43
SOUTHCO, INC. 8,480.00
SPECTRO ALLOYS CORP 800,719.50
SPECTRUM FINISHING 1,679.18
SPECTRUM INDUSTRIES 11,166.34
SPHERION 54,625.69
SPIRIT TOOL & DIE 528.00
SPIROL INTERNATIONAL CORP 314.60
SPRAY RITE INC. 64,920.50
STERLING INC. 5,027.00
STEVE COREY 431.46
STORK-TWIN CITY TESTING CORP 1,099.49
STROM ENGINEERING 1,836.00
STRYKO DYNARAD CORPORATION 97.44
SUB-MEX 40,079.02
TEMP AIR 4,105.15
TENNESSEE DEPT OF LABOR & WORK 32,511.02
TEXTRON FASTENING SYSTEMS 7,510.18
THE BRADLEY GROUP 648.90
THOMAS ZAGER 209.62
TILSNER CARTON CO. 10,509.53
TOLL COMPANY 1,561.33
TOOLING ASSOCIATES 341.31
TOOLING SCIENCE/C&D TOOL INC. 10,300.00
TOSHIBA MACHINE COMPANY 10,020.61
TOYOTA-LIFT OF MINNESOTA 311.56
TRANS-MAN LOGISTICS, INC. 147,906.04
TREASURY MGNT 507.60
TROUT ENTERPRISES, INC. 2,737.00
TRU-TONE FINISHING 5,455.25
TULL BEARINGS CO 2,706.97
TWIN PINES MET 341.75
TYCO 160.07
ULINE SHIPPING SUPPLIES 653.54
UNITED ELECTRIC CORP 3,831.12
UNITED STATES TREASURY 300.00
UNUM LIFE INS. CO. OF AMERICA 1,187.21
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
VEKTEK INC. 3,406.23
VERIZON WIRELESS 490.87
VERSA IRON & MACHINE 1,546.53
W W GRAINGER INC. 35.36
WALTER HAMMOND CO 278.42
WESTMAN SERVICE 489.34
WEYERHAEUSER 350.59
WIRE WORX 7,990.00
WISCONSIN SCTF 202.00
XTREME MACHINE, INC. 2,250.00
ZEC SALES, INC. 1,168.00
-------------
$3,322,419.06
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: APRIL 30, 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: MAY 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 APRIL 30, 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: MAY 20, 2005 /s/ Robert E. Belts
-----------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- --------------
Title Phone
Intermet Corp. and Subsidiaries
Intermet Corporation Consolidated
For the Month Ended 4/30/05
($000's)
CASE #04-67614
WAGNER
CASTINGS
----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 5,722 37,850
Cost of Goods Sold
Materials and Freight 1,034 8,739
Wages - Hourly 856 5,226
Wages-Salary 290 2,600
Employee Benefits and Pension 1,327 8,903
Repairs & Maintenance 190 1,786
Supplies 316 1,929
Utilities 339 3,004
Purchased Components/Services 911 5,534
Income(loss) from Pattern Sales (3) (81)
Fixed Asset - (gain/loss) -- (11)
MIS Expense 47 301
Travel & Entertainment 4 22
Other Variable Costs 28 675
Depreciation & Amortization 187 1,666
Other Allocated Fixed Costs -- (5)
Other Fixed Costs 137 1,111
----- ------
Cost of Goods Sold 5,663 41,399
Gross Profit 59 (3,549)
Plant SG&A Expense 19 137
SG&A Expense - Allocation (Sched 1) 191 1,295
Other Operating Expenses 9 932
----- ------
Total Operating Expenses 219 2,364
Operating Profit (160) (5,913)
Outside Interest Income -- --
Outside Interest (Expense) -- --
Intercompany Interest Income -- --
Intercompany Interest (Expense) (123) (581)
Charges (From) Affiliates -- --
Charges To Affiliates -- --
Income/Loss From European Operations -- --
Other Income/(Expense) -- (2)
----- ------
Total Non-Operating Expenses (123) (583)
Income Before Income Taxes (283) (6,496)
Income Tax Expense -- --
----- ------
Net Income (283) (6,496)
===== ======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs April
(Allocation of Corporate Costs to Filing Entities)
(000's)
April
-------
Officer Compensation $ 189
Salary Expense other Employees 923
Employee Benefits and Pension 106
Payroll Taxes 59
Other Taxes 3
Rent and Lease Expense 184
Interest Expense
Insurance 62
Automobile and Truck Expense 14
Utilities(Gas Electric,Phone) 64
Depreciation 87
Travel and Entertainment 78
Repairs and Maintenance 175
Advertising/Promotion 0
Supplies, Office Expense 19
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 53
Public Reporting Fees 11
Employee Relocation/Training 17
Data Processing 32
Dues and Subscriptions 9
Outside Services 146
Project Development Costs net of Billings 40
Director Fees 25
Miscellaneous 2
Legal Fees 28
Cost Allocation - Europe (78)
Cost Allocation - Out (140)
------
$2,458
======
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 805
------
Total $2,458
======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 4-30-05
($000's)
CASE #04-67614
--------------
WAGNER
CASTINGS
---------------
Cash And Equivalents $ 30
Accounts Receivable 7,466
Short-Term Intercompany Receivables --
Inventories 6,235
Other Current Assets 28
--------
TOTAL CURRENT ASSETS 13,759
Land and Buildings 2,412
Machinery & Equipment 58,079
Construction In Progress 863
--------
Total Fixed Assets 61,354
Accumulated Depreciation (53,093)
--------
NET FIXED ASSETS 8,261
Investment In Subsidiaries --
Investment In European Operations --
Long-Term Intercompany Receivables --
Deferred Taxes, Long-Term Asset --
Other Assets 150
--------
TOTAL ASSETS 22,170
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable 1,040
Wages and Salaries (See schedule) 581
Taxes Payable - (See schedule) 142
--------
TOTAL POST PETITION LIABILITIES 1,763
SECURED LIABILITIES:
SECURED BANK DEBT --
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes --
Accrued Tax - State --
Accrued Property Taxes 51
Accrued Workers Comp. 1,216
Accrued Payroll 14
Accrued Payroll Taxes --
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 1,281
UNSECURED LIABILITIES
Accounts Payable 6,019
Senior & IDR Bonds --
--------
TOTAL UNSECURED LIABILITIES 6,019
OTHER LIABILITIES
Accrued Liabilities 2,570
Short-Term Intercompany Payables 14
Capital Leases --
Retirement Benefits (1,299)
Deferred Taxes - Long-Term Liability --
Other Long-Term Liabilities --
Long-Term Intercompany Payables 1,573
Minority Interest --
--------
TOTAL LIABILITIES 11,921
Common Stock --
Capital In Excess Of Par Value 17,027
Retained Earnings - Prepetition (282)
Retained Earnings - Post Petition (6,496)
Equity In European Operations
Accumulated Translation Adjustment --
Minimum Pension Liability Adjustment --
Unearned Restricted Stock --
--------
TOTAL SHAREHOLDER EQUITY 10,249
--------
TOTAL LIABILITIES AND EQUITY $ 22,170
========
PERIOD ENDED: 04-30-05 WAGNER CASTINGS COMPANY (DECATUR) CASE #04-67614
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
03-31-05 Withheld Deposits 04-30-05
--------- ----------- ---------- ---------
Income tax withheld: Federal $ 0 ($147,531) $ 112,161 ($35,370)
Income tax withheld: State 0 (37,684) 28,756 (8,928)
Income tax withheld: Local 0 0 0 0
FICA Withheld (5,961) (181,373) 153,263 (34,071)
Employers FICA (14,004) 0 0 (14,004)
Unemployment Tax: Federal (600) (627) 1,121 (106)
Unemployment Tax: State (16,214) (45,099) 55,843 (5,471)
All Other Payroll W/H (5,988) (103,179) 81,769 (27,397)
State Taxes: Inc./Sales/Use/Excise (3) (87) 3 (87)
Property Taxes (35,829) (6,000) 0 (41,829)
Workers Compensation 9,455 (24,247) 40,226 25,433
--------- ----------- ---------- ---------
Total ($69,144) ($545,827) $473,141 ($141,830)
Wages and Salaries (559,056) (654,158) 632,344 (580,870)
--------- ----------- ---------- ---------
Grand Total ($628,200) ($1,199,985) $1,105,485 ($722,700)
========= =========== ========== =========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days Total 0-30 Days 30-60 Days Over 60 Days
---------- ---------- ---------- ------------
Accounts Payable - Post Petition $1,040,287 $1,024,812 $ 15,475 $ 0
Accounts Receivable -Pre & Post $8,504,472 $6,745,010 $333,255 $1,426,207
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 4/30/2005
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 -- -- -- 30,111 -- --
RECEIPTS 2,027,311 3,300,057 -- 228 -- --
TRANSFERS IN (CORPORATE) -- -- 1,995,687 -- 180,458 1,802
DIP INFLOW -- -- -- -- -- --
DISBURSEMENTS -- -- (1,995,687) -- (180,458) (1,802)
TRANSFERS OUT (CORPORATE) (2,027,311) (3,300,057) -- -- -- --
DIP REPAYMENT -- -- -- -- -- --
-------------- ---------- ---------- ---------- ----------- -----------
ENDING BANK BALANCE -- -- -- 30,339 -- --
-------------- ---------- ---------- ---------- ----------- -----------
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 1,108,184
CHECKS ISSUED 1,931,821
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 1,317,728
CORPORATE DEBIT MEMOS 21,414
-----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 4,379,147
===========
OUTSTANDING CHECKS AS OF MARCH 31 387,200
VOIDED CHECKS OUTSTANDING AS OF MARCH 31 (3,851)
CHECKS ISSUED DURING APRIL 1,931,821
CHECK CLEARED DURING APRIL (1,995,687)
-----------
OUTSTANDING CHECKS AS OF APRIL 30 (SEE OUTSTANDING CHECKLIST) $ 319,484
===========
DECATUR
CASE # 04-67614
AT 4/30/05
DECATUR - BANK RECONCILIATION
Bank Balance $ --
Actual Outstanding Checks 319,484.32
Unadjusted GL Balance 319,484.32
-----------
Difference $ --
===========
DECATUR
OUTSTANDING CHECKS
CASE # 04-67614
DATE CHECK OUTSTANDING
---- ----- -----------
12/2/04 116677 $ 6,798.97
12/16/04 117036 658.00
2/3/05 118066 187.28
3/18/05 119114 3,612.40
3/25/05 119293 120.00
3/28/05 119313 250.51
3/29/05 119377 202.33
1/31/05 119539 3,128.97
4/21/05 119607 97.19
4/21/05 119608 44.16
4/28/05 119609 590.20
4/12/05 119837 100.10
4/12/05 119840 412.50
4/15/05 119907 382.71
4/15/05 119915 1,104.66
4/15/05 119917 433.74
4/18/05 119965 53.89
4/20/05 119990 6,984.17
4/20/05 119991 252.70
4/20/05 119998 929.76
4/20/05 119999 54.00
4/20/05 120006 1,612.48
4/20/05 120033 3,000.00
4/20/05 120035 141.50
4/20/05 120036 45.00
4/22/05 120053 310.90
4/22/05 120055 613.04
4/22/05 120060 46.71
4/22/05 120073 5,000.00
4/22/05 120076 707.25
4/22/05 120092 3,481.41
4/22/05 120097 185.00
4/22/05 120100 1,001.25
4/25/05 120113 2,874.97
4/25/05 120116 1,096.48
4/25/05 120118 351.69
4/25/05 120123 1,378.35
4/25/05 120125 2,911.56
4/25/05 120126 355.00
4/27/05 120137 17,894.64
4/27/05 120138 7,690.04
4/27/05 120139 720.00
4/27/05 120140 16.66
4/27/05 120141 8,611.60
4/27/05 120142 6,700.44
4/27/05 120143 99.11
4/27/05 120145 566.37
4/27/05 120146 73.27
4/27/05 120147 10,233.48
4/27/05 120149 13,538.40
4/27/05 120150 125.46
4/27/05 120151 2,032.94
4/27/05 120152 386.75
4/27/05 120153 167.29
4/27/05 120154 69.23
4/27/05 120155 2,780.69
4/27/05 120157 17,756.00
4/27/05 120159 2,430.91
4/27/05 120160 5,939.63
4/27/05 120162 11,770.00
4/27/05 120163 377.70
4/27/05 120164 560.78
4/27/05 120165 303.60
4/27/05 120167 425.50
4/27/05 120168 27.09
4/27/05 120169 95.00
4/27/05 120172 28,741.20
4/29/05 120179 2,559.65
4/29/05 120180 7,241.89
4/29/05 120181 3,020.44
4/29/05 120182 746.80
4/29/05 120183 2,082.40
4/29/05 120184 351.50
4/29/05 120185 3,500.00
4/29/05 120186 500.00
4/29/05 120187 7,047.08
4/29/05 120188 382.78
4/29/05 120189 11,192.00
4/29/05 120190 16,330.50
4/29/05 120191 60.00
4/29/05 120193 7,326.24
4/29/05 120194 402.96
4/29/05 120195 1,497.17
4/29/05 120196 281.92
4/29/05 120197 113.90
4/29/05 120198 16.35
4/29/05 120199 920.70
4/29/05 120200 100.01
4/29/05 120201 37.80
4/29/05 120202 2,000.00
4/29/05 120204 14,015.63
4/29/05 120205 19.00
4/29/05 120206 2,016.92
4/29/05 120207 568.02
4/29/05 120208 1,985.32
4/29/05 120209 630.00
4/29/05 120210 808.00
4/29/05 120211 1,694.30
4/29/05 120212 5,231.41
4/29/05 120213 242.10
4/29/05 120214 378.00
4/29/05 120216 1,009.05
4/29/05 120217 1,002.00
4/29/05 120218 570.00
4/29/05 120219 319.55
4/29/05 120220 28,074.00
11/5/04 120747 1,564.32
$319,484.32
WAGNER CASTINGS, INC. CASE NO. 04-67614
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
A D BROOKS $ 440.00
ABB INC 990.00
ACRISON INC 6,233.18
ADA JACKSON 440.00
AETNA US HEALTHCARE 17,894.64
AIR LIQUIED INDUSTRIAL US LP 7,822.09
AMERENIP 256,688.95
ANN ROYER 20.00
APPLIED PROCESS INC. 27,411.04
ARAMARK UNIFORM SERVICES INC. 2,460.18
ARCH WIRELESS 916.27
ARCHIE JOHNSON 440.00
ARTHUR G BYRNE CO INC. 6,984.17
AT&T 44.99
ATCO INDUSTRIES INC. 118.00
BARBARA LEE 440.00
BARBECK COMMUNICATIONS 269.95
BEARING DISTRIBUTORS INC. 30,054.36
BENTONITE PERFORMANCE MINERALS 112,500.00
BETTY HAMILTON 440.00
BLACK & CO #11 6,084.20
BODINE ELECTRIC OF DECATUR 4,887.89
BODINE ENVIRONMENTAL SERVICE 684.40
BODINE SERVICES INC. 267.00
BOULEVARD PROPERTIES LLC 856.25
BRAKE PRODUCTS 4,698.00
BRIAN MARSHALL 720.00
BRUECHERT, PAUL 41.25
BRUSKE PRODUCTS 1,070.71
BUEL COLE 440.00
BURDICK PLUMBING INC. 166.33
BUSCHE ENTERPRISE DIVN INC. 304,658.16
C C FIRE EQUIPMENT CO INC. 1,774.20
CANFIELD & JOSEPH INC. 4,418.00
CAPITAL CITY PAPER CO 469.63
CARRIER VIBRATING EQUIPMENT 9,463.00
CATTRON THEIMEG INC. 109.50
CC METALS AND ALLOYS INC. 21,687.46
CENTRAL PACKAGING CORPORATION 613.04
CENTRAL TRANSPORT 488.60
CHAMPION CHISEL WORKS INC. 2,823.60
CHARLES BEDFORD OD/DEC EYECARE 45.00
CHARLES GRAVES 3,500.00
CHRIS INCORPORATED 1,250.00
CHRISTY-FOLTZ INC. 708.76
WAGNER CASTINGS, INC. CASE NO. 04-67614
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
CINGULAR WIRELESS 17.89
CITY OF DECATUR 8,611.60
CLIMATE CONTROL 77,869.98
COLUMBUS MCKINNON CORP 584.34
CONNOR CO 1,314.19
CONTINENTAL CARBONIC PROD INC. 399.39
COUGAR INDUSTRIES INC. 700.00
CREATIVE BUSINESS FORMS 1,386.27
CRI RECYCLING 890.00
CROWN PACKAGING CORP. 11,178.00
D WAYNE COLLINS 490.00
DAMON LEE 440.00
DAUBER COMPANY 58,867.20
DAVID A DENTON 1,040.42
DAVID RIGHTNOWAR 440.00
DAYTON FREIGHT LINES INC. 55.75
DCD TRANSPORTATION INC. 590.20
DE LAGE LANDEN FIN SERVICES 1,965.00
DEAN REEDY 2,265.48
DECATUR BLUEPRINT CO 83.50
DECATUR BOLT CO INC. 136.20
DECATUR MACHINE & TOOL CO 929.76
DECATUR MEMORIAL HOSPITAL 13,543.69
DHL EXPRESS 106.97
DIDION INTERNATIONAL INC. 11,614.00
DISA GOFF INC. 9,671.42
DISA INDUSTRIES INC. 31,879.70
DONALDSON CO INC. 3,206.40
DONALDSON TORIT PRODUCTS 1,654.00
DONNELLY AUTOMOTIVE MACH INC. 172.25
DORSEY PIRTLE 440.00
DRACO MECHANICAL SUPPLY CO 913.58
DWYER INSTRUMENTS INC. 60.00
DYNAMIC AIR INC. 904.18
EDMUND IND. OPTICS 1,956.90
ELECTRO-NITE CO 9,440.00
ELKEM METALS INC. 71,212.50
ENBRIDGE GAS SERVICES 64,994.27
ENGLEWOOD ELECTRIC 878.22
FAIRMONT MINERALS 5,832.50
FAMILY SUPPORT PAYMENT CENTER 297.08
FEDEX 25.00
FOREMOST ELECT AND TRANS INC. 1,122.00
FOSECO INC. 10,233.48
FRANK REED 440.00
FRISBY PMC 221,440.29
WAGNER CASTINGS, INC. CASE NO. 04-67614
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
G E CAPITAL 2,017.49
G G BARNETT TRANSPORT INC. 3,303.08
G S ROBINS & CO 363.28
GARD SPECIALISTS CO INC. 157.45
GE CAPITAL 642.02
GENERAL KINEMATICS CORP. 596.96
GERDAU AMERISTEEL 6,123.19
GLENN ZILLS 640.00
GLOBAL DOSIMETRY SOLUTIONS 693.28
GLOBE METALLUGICAL (23,142.00)
GRAINGER INC. 325.64
GREGG OLDFIELD 1,210.74
GULLY TRANSPORTATION 5,244.33
HA INTERNATIONAL LLC 23,696.42
HAGERTY BROTHERS CO 6,650.67
HARBOR FREIGHT TOOLS 53.89
HARRY BOND 440.00
HARRY E HILLS & ASSOC 4,305.95
HAUSNER HARD-CHROME INC. 351.69
HAWTHORN IND/JAMES J MAY 193.55
HI-TEMP INC. 110.00
HOLTGRIEVE & CO 9,040.57
ILLINOIS DEPT OF REVENUE 23.00
ILLINOIS ENVIRONMENTAL 6,406.00
IMPECCABLE MACHINING 13,659.75
INNOVATIVE LABELING SOLUTIONS 537.06
INTERMEC TECHNOLOGIES CORP. 1,725.63
IVORY CURRY 440.00
J C JELKS 440.00
J.D. FINLEY 440.00
JAMES GAVIN 440.00
JAMES GREEN 440.00
JAMES JONES 669.16
JAMES REED 440.00
JEFF COCHRAN 100.10
JER INDUSTRIAL SERVICES LLC 2,338.92
JERRY SHERWOOD 440.00
JERRY'S ELECTRIC 3,000.00
JOHN C KEFALAS MDSC 145.80
JOHN HENRY FOSTER CO 604.47
KANSAS PAYMENT CENTER 276.92
KAPLAN TRUCKING COMPANY INC. 1,001.25
KENT RUDBECK 300.00
KING-LAR CO 6,764.71
KIRBY RISK CORP. 1,874.11
L & N INDUSTRIES INC. 6,317.42
WAGNER CASTINGS, INC. CASE NO. 04-67614
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
LACO ELECTRONICS INC. 16.35
LAND OF LINCOLN CREDIT UNION 54,016.78
LAND TRANSPORT 1,009.07
LARPEN METALLURGICAL SERVICE 49,784.50
LARRY BONNELL 440.00
LARRY HAYES 440.00
LARRY TURPIN AND 5,000.00
LEADING EDGE ENTERPRISES INC. 1,100.00
LEVOY REED 440.00
LINCO REFRACTORY SUPPLY INC. 1,760.00
LORETTA'S WORK BOOTS 97.19
LOUIS THOMAS 440.00
LYNN ZASADA 440.00
M H EQUIPMENT 162.48
M H EQUIPMENT CORP 2,740.86
M STEPHEN HUSS MDSC 189.00
MAC EQUIPMENT INC. 2,432.00
MACIOROWSKI SACKMANN & ULRICH 2,925.91
MACK MOORE SHOE CO INC. 200.02
MANCINOS 63.05
MARCO INTERNATIONAL CORP. 23,142.00
MARJO PLASTICS CO 281.94
MARTIN BROS CONTAINER & 15,393.60
MARTIN BRUMETT 1,109.47
MARVIN BRANDT 440.00
MARVIN KELLER TRUCKING 400.00
MCMASTER-CARR SUPPLY CO 3,401.92
MENNIE'S MACHINE CO 59,688.60
MERCER 7,579.00
METOKOTE CORP. 18,749.88
METRO METAL PRODUCTS INC. 59,234.57
MICHAEL WINDISH 707.25
MICRO TEK PATTERN INC. 2,000.00
MIDSTATE CORE CO 388.70
MORGAN DISTRIBUTING INC. 5,349.63
MORGAN EXPRESS INC. 70,915.56
NATIONAL CITY 4,216.94
NOBLE SALES INC. 1,673.41
NORFOLK SOUTHERN RAILWAY CO 550.00
OLSTEN STAFFING 44.73
OMNISOURCE FT WAYNE FERR DIV 647,903.75
ONYX WASTE SERVICES MIDWEST 49,847.89
PATHOLOGY ASSOC OF CENT IL 19.00
PAUL ALTHOFF 336.02
PAYROLL (INCLUDES AMOUNTS PAID BY CORPORATE) 1,317,727.81
PEERLESS METAL POWDERS 23,540.00
WAGNER CASTINGS, INC. CASE NO. 04-67614
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
PERFECT WINDOW CLEANERS 605.56
PHILLIP DANNEWITZ 440.00
PIONEER INDUSTRIAL CORP. 132.00
PRAIRIE IDEALEASE 2,015.57
PRIMETRADE 118,394.49
PROCESS EQUIPMENT & CONTROLS 2,518.48
PROVIDENT LIFE 88.54
R D MCMILLEN ENTERPRISES 1,527.08
REFRACTORY SALES & SRV CO INC. 2,200.00
REGIONS MORGAN KEEGAN TRUST 10,000.00
RENEE HADDEN 228.30
RENTAL SERVICE CORP. 1,366.80
RICHARD COLE 440.00
RICK WALLACE 213.69
ROBERT LOWRY 440.00
ROBERTS SINTO CORP. 15,048.25
ROLAND MABRY 440.00
RYAN EQUIPMENT & SUPPLY 193.22
S J SMITH WELDING SUPPLY 15,287.60
SAFETY SHOE DISTRIBUTORS 194.38
SAFETY-KLEEN CORP. 1,244.37
SAFEWORKS DECATUR 619.75
SAFEWORKS-IL OF COLES COUNTY 1,021.62
SBC 1,451.51
SBC GLOBAL SERVICES INC. 1,998.20
SECURITAS SEC SVCS USA INC. 10,066.85
SHERMAN BAINE 440.00
SHERRI GRIMES 3,127.50
SIMPSON TECHNOLOGIES 2,725.00
SLIGO STEEL 175.60
SOPH TECH 2,190.00
SOY CITY ELECTRIC SUPPLY 61.88
SPRINGFIELD ELECTRIC 6,828.34
ST MARY'S HOSPITAL 560.78
STANDARD DIE SUPPLY INC. 156.37
STATE TREASURER EX-OFFICIO 2,284.77
STERICYCLE INC. 113.34
STONE CONTAINER CORP. 19,157.05
STRIGLOS OFFICE EQUIPMENT 2,005.55
SUNBELT RENTALS 8,199.08
TARRANTS RADIATOR BRAKE SERV 325.00
TEST EQUIPMENT DISTRIBUTORS 740.43
THERMAL SOLUTIONS INC. 3,000.00
THOMAS H BOWDRE 440.00
TORUS MACHINING 21,544.80
TRACY CAUSEY 71.70
WAGNER CASTINGS, INC. CASE NO. 04-67614
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
TRANSMAN 44,796.86
TYCO VALVES AND CONTROLS (1,252.48)
TYDUS GREEN 440.00
U S HARDWOOD PRODUCTS 12,556.28
UNION PLANTERS TRUST & INVEST 50.00
UNITED WAY OF DEC & MID-IL 1,425.00
UNITHERM FURNACE CORP. 3,252.30
VERIZON WIRELESS 957.86
VESUVIUS USA 4,608.00
WABEL TOOL CO 22,476.96
WALGREENS TREASURE DEPARTMENT 27.09
WALLENDER-DEDMAN PRINTING 585.00
WALZ EQUIPMENT 4,724.96
WATTS COPY SYSTEMS INC. 1,565.63
WHEELABRATOR 1,009.05
WHITING CORP. 1,060.39
WI SCTF 384.00
WIESE PLANNING & ENGR INC. 78.70
WILLIAM A KIBBE & ASSOC INC. 3,330.00
WILLIAM WALKER 440.00
WILLIE LEE GREEN 440.00
X-R-I TESTING DIV 3,975.75
YELLOW TRANSPORTATION 231.93
YMCA 2,333.00
ZEP MFG CO 319.55
-------------
$4,379,147.06
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: APRIL 30, 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: MAY 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 APRIL 30, 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: MAY 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 4/30/05
($000's)
CASE # 04-67611
WAGNER
HAVANA
----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales -- --
Cost of Goods Sold
Materials and Freight -- --
Wages - Hourly -- --
Wages-Salary -- --
Employee Benefits and Pension 50 404
Repairs & Maintenance -- --
Supplies -- 50
Utilities 7 31
Purchased Components/Services -- (1)
Income(loss) from Pattern Sales -- --
Fixed Asset - (gain/loss) -- --
MIS Expense -- 1
Travel & Entertainment -- --
Other Variable Costs 22 44
Depreciation & Amortization -- --
Other Allocated Fixed Costs -- --
Other Fixed Costs 13 156
--- ------
Cost of Goods Sold 92 685
Gross Profit (92) (685)
Plant SG&A Expense -- --
SG&A Expense - Allocation (Sched 1) -- --
Other Operating Expenses -- 4,895
--- ------
Total Operating Expenses -- 4,895
Operating Profit (92) (5,580)
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) -- 136
--- ------
Total Non-Operating Expenses -- 131
Income Before Income Taxes (92) (5,449)
Income Tax Expense -- --
--- ------
Net Income (92) (5,449)
=== ======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs April
(Allocation of Corporate Costs to Filing Entities)
(000's)
<Table>
<Caption>
April
----------
Officer Compensation $ 189
Salary Expense other Employees 923
Employee Benefits and Pension 103
Payroll Taxes 59
Other Taxes 3
Rent and Lease Expense 184
Interest Expense
Insurance 62
Automobile and Truck Expense 14
Utilities (Gas Electric, Phone) 64
Depreciation 87
Travel and Entertainment 78
Repairs and Maintenance 175
Advertising/Promotion 0
Supplies, Office Expense 19
Other:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 53
Public Reporting Fees 11
Employee Relocation/Training 17
Data Processing 32
Dues and Subscriptions 9
Outside Services 146
Project Development Costs net of Billings 40
Director Fees 25
Miscellaneous 2
Legal Fees 28
Cost Allocation - Europe (78)
Cost Allocation - Out (140)
----------
$ 2,458
==========
</Table>
Allocation:
<Table>
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 805
----------
Total $ 2,458
==========
</Table>
INTERMET Corp. and Subsidiaries
Balance Sheet as of 4-30-05
($000's)
CASE # 04-67611
WAGNER
HAVANA
---------------
Cash And Equivalents $ --
Accounts Receivable 33
Short-Term Intercompany Receivables --
Inventories 188
Other Current Assets --
--------
TOTAL CURRENT ASSETS 221
Land and Buildings 1,633
Machinery & Equipment 14,700
Construction In Progress --
--------
Total Fixed Assets 16,333
Accumulated Depreciation (13,534)
--------
NET FIXED ASSETS 2,799
Investment In Subsidiaries --
Investment In European Operations --
Long-Term Intercompany Receivables --
Deferred Taxes, Long-Term Asset --
Other Assets --
--------
TOTAL ASSETS 3,020
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable 7
Wages and Salaries (See schedule) --
Taxes Payable - (See schedule) 49
--------
TOTAL POST PETITION LIABILITIES 56
SECURED LIABILITIES:
SECURED BANK DEBT --
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes --
Accrued Tax - State --
Accrued Property Taxes 63
Accrued Workers Comp. 393
Accrued Payroll 100
Accrued Payroll Taxes --
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 556
UNSECURED LIABILITIES
Accounts Payable 179
Senior & IDR Bonds --
--------
TOTAL UNSECURED LIABILITIES 179
OTHER LIABILITIES
Accrued Liabilities 43
Short-Term Intercompany Payables --
Capital Leases --
Retirement Benefits --
Deferred Taxes - Long-Term Liability --
Other Long-Term Liabilities --
Long-Term Intercompany Payables 8,067
Minority Interest --
--------
TOTAL LIABILITIES 8,901
Common Stock --
Capital In Excess Of Par Value 9,349
Retained Earnings - Prepetition (9,781)
Retained Earnings - Post Petition (5,449)
Equity In European Operations
Accumulated Translation Adjustment --
Minimum Pension Liability Adjustment --
Unearned Restricted Stock --
--------
TOTAL SHAREHOLDER EQUITY (5,881)
--------
TOTAL LIABILITIES AND EQUITY $ 3,020
========
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs April
(Allocation of Corporate Costs to Flling Entities)
(000's)
April
-------
Officer Compensation $ 189
Salary Expense other Employees 923
Employee Benefits and Pension 106
Payroll Taxes 59
Other Taxes 3
Rent and Lease Expense 184
Interest Expense
Insurance 62
Automobile and Truck Expense 14
Utilities(Gas Electric,Phone) 64
Depreciation 87
Travel and Entertainment 78
Repairs and Maintenance 175
Advertising/Promotion 0
Supplies, Office Expense 19
Other:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 53
Public Reporting Fees 11
Employee Relocation/Training 17
Data Processing 32
Dues and Subscriptions 9
Outside Services 146
Project Development Costs net of Billings 40
Director Fees 25
Miscellaneous 2
Legal Fees 28
Cost Allocation - Europe (78)
Cost Allocation - Out (140)
-------
$ 2,458
=======
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 Dlemakers 257
Ganton Technologies 168
Tool Products 137
Corporate 805
-------
Total $ 2,458
=======
PERIOD ENDED: 04-30-05 WAGNER HAVANA CASE #04-67611
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
3/31/2005 Withheld Deposits 4/30/2005
--------- --------- ---------- ---------
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
State Taxes: Inc./Sales/Use/Excise 0 0 0 0
Property Taxes (42,090) (7,015) 0 (49,105)
Workers Compensation 0 0 0 0
--------- -------- --- ---------
Total ($42,090) ($7,015) $0 ($49,105)
Wages and Salaries 0 0 0 0
--------- -------- --- ---------
Grand Total ($42,090) ($7,015) $0 ($49,105)
========= ======== === =========
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 $6,574 $6,574 $0 $0
Accounts Receivable $ 0 $ 0 $0 $0
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 4/30/2005
MONTHLY CASH STATEMENT
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) -- 11,085 -- --
DIP INFLOW -- -- -- --
DISBURSEMENTS -- (11,085) -- --
TRANSFERS OUT (CORPORATE) -- -- -- --
DIP REPAYMENT -- -- -- --
--- -------- --- ---
ENDING BANK BALANCE -- -- -- --
MATERIALS & OTHER DISBURSEMENTS PAID FOR
BY CORPORATE --
CHECKS ISSUED 11,085
CORPORATE DEBIT MEMOS 4,666
--------
TOTAL DISBURSEMENTS $ 15,750
========
OUTSTANDING CHECKS AS OF MARCH 31 342
VOIDED CHECKS OUTSTANDING AS OF MARCH 31 --
CHECKS ISSUED DURING APRIL 11,085
CHECK CLEARED DURING APRIL (11,085)
--------
OUTSTANDING CHECKS AS OF APRIL 30
(SEE OUTSTANDING CHECKLIST) $ 342
========
NOTE: Havana's payroll is consolidated with the Corporate payroll due to
immateriality.
WAGNER HAVANA, INC.
CASE NO. 04-67611
AT 4/30/05
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
---- ----- -----------
11/12/04 52197 $300.00
2/17/05 52204 42.00
$342.00
WAGNER HAVANA, INC. CASE NO. 04-67611
CASH DISBURSEMENTS
APRIL 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
AETNA US HEALTHCARE $ 163.73
AMERENCIPS (ELECTRIC) 6,525.56
BERWYN GROUP, THE 95.00
BURDICK PLUMBING 294.95
CITY OF HAVANA 12.43
ILL-MO PRODUCTS CO 25.52
PITNEY BOWES INC 155.25
PROVIDENT LIFE 70.83
SECURITAS SECURITY SERV 8,349.00
VERIZON WIRELESS 57.99
----------
$15,750.26
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: APRIL 30, 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: MAY 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.