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 MAY 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67597
) Chapter 11
) Judge: Marci B. McIvor
INTERMET CORP. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: JUNE 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 5-31-05
($000's)
CASE # 04-67597
INTERMET
CORP(*)
------------------------------------
Current Month Total Since Filing
------------- ------------------
CORP (NOTE 1)
Net Sales 51,827 448,213
Cost of Goods Sold
Materials and Freight 16,149 152,106
Wages - Hourly 7,995 70,964
Wages-Salary 2,516 21,563
Employee Benefits and Pension 5,172 47,772
Repairs & Maintenance 2,821 20,981
Supplies 2,772 22,725
Utilities 2,746 25,687
Purchased Components/Services 3,766 32,225
Income(loss) from Pattern Sales 128 938
Fixed Asset - (gain/loss) (84) 443
MIS Expense 239 1,911
Travel & Entertainment 77 451
Other Variable Costs 2,767 20,489
Depreciation & Amortization 2,723 22,230
Other Allocated Fixed Costs 260 2,757
Other Fixed Costs 1,161 9,704
-------- --------
Cost of Goods Sold 51,208 452,946
Gross Profit 620 (4,733)
Plant SG&A Expense 139 1,129
SG&A Expense - Allocation (Sched 1) 2,280 25,389
Other Operating Expenses 260 196,834
-------- --------
Total Operating Expenses 2,679 223,352
Operating Profit (2,060) (228,085)
Outside Interest Income 5 453
Outside Interest (Expense) (1,746) (18,320)
Intercompany Interest Income (1) 6,011
Intercompany Interest (Expense) - (6,011)
Charges (From) Affiliates (1,648) (12,852)
Charges To Affiliates 1,723 13,414
Income/Loss From European Operations 542 4,917
Other Income/(Expense) (2,409) (12,996)
-------- --------
Total Non-Operating Expenses (3,534) (25,384)
Income Before Income Taxes (5,594) (253,469)
Income Tax Expense 206 1,465
-------- --------
Net Income (5,800) (254,934)
======== ========
Note 1
The "Total Since Filing" column reflects the adjustments noted in footnote 3 of
the accompanying balance sheet.
(*) 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 May
(Allocation of Corporate Costs to Filing Entities)
(000's)
May
-------
Officer Compensation $ 189
Salary Expense other Employees 897
Employee Benefits and Pension 107
Payroll Taxes 57
Other Taxes 0
Rent and Lease Expense 185
Interest Expense
Insurance 62
Automobile and Truck Expense 10
Utilities(Gas Electric,Phone) 40
Depreciation 87
Travel and Entertainment 82
Repairs and Maintenance 45
Advertising/Promotion 0
Supplies, Office Expense 41
OTHER:
Contributions 2
Professional Fees - Audit/Tax 350
Bank Fees 31
Public Reporting Fees 15
Employee Relocation/Training 7
Data Processing 27
Dues and Subscriptions 12
Outside Services 92
Project Development Costs net of Billings 11
Director Fees 25
Miscellaneous 2
Legal Fees 157
Cost Allocation - Europe (78)
Cost Allocation - Out (175)
-------
$ 2,280
=======
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 627
-------
Total $ 2,280
=======
Intermet Corp. and Subsidiaries
Balance Sheet as of 05-31-05
($000's)
MAY APRIL
CASE # 04-67597 CASE # 04-67597
--------------- ----------------
INTERMET INTERMET
CORP (NOTE 1) CORP (NOTE 1 & 3)
------------ ----------------
Cash And Equivalents $ 1,843 $ 3,220
Accounts Receivable 76,758 80,593
Short-Term Intercompany Receivables (4) (7)
Inventories 52,984 51,203
Other Current Assets 9,200 7,870
--------- ---------
TOTAL CURRENT ASSETS 140,781 142,879
Land and Buildings 114,046 114,039
Machinery & Equipment 397,685 405,842
Construction In Progress 7,366 6,662
--------- ---------
Total Fixed Assets 519,097 526,543
Accumulated Depreciation (332,195) (336,663)
--------- ---------
NET FIXED ASSETS 186,902 189,880
Investment In Subsidiaries (2) (2)
Investment In European Operations (Note 2) 89,037 92,780
Long-Term Intercompany Receivables (2) 0
Deferred Taxes, Long-Term Asset (1,057) (1,057)
Other Assets 16,229 17,785
--------- ---------
TOTAL ASSETS $ 431,888 $ 442,265
========= =========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 11,179 $ 11,935
Wages and Salaries (See schedule) 6,500 5,942
Taxes Payable - (See schedule) 6,514 6,419
--------- ---------
TOTAL POST PETITION LIABILITIES 24,193 24,296
SECURED LIABILITIES:
SECURED DEBT 177,902 174,728
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes 607 607
Accrued Tax - State (316) (316)
Accrued Property Taxes 140 156
Accrued Workers Comp 9,390 9,392
Accrued Payroll 2,812 2,753
Accrued Payroll Taxes 0 0
--------- ---------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 12,633 12,592
UNSECURED LIABILITIES
Accounts Payable 62,950 63,350
Senior & IDR Bonds 177,000 177,000
--------- ---------
TOTAL UNSECURED LIABILITIES 239,950 240,350
OTHER LIABILITIES
Accrued Liabilities 36,819 36,856
Short-Term Intercompany Payables (1) 2
Retirement Benefits 84,711 84,614
Deferred Taxes - Long-Term Liability (3,838) (3,838)
Other Long-Term Liabilities 4,026 7,010
Long-Term Intercompany Payables (1,161) (1,084)
--------- ---------
TOTAL LIABILITIES 575,234 575,526
Common Stock 2,605 2,605
Capital In Excess Of Par Value 36,201 36,201
Retained Earnings - Prepetition 8,831 8,831
Retained Earnings - Post Petition (259,595) (253,253)
Equity In European Operations 89,037 92,780
Accumulated Translation Adjustment 3,859 3,859
Minimum Pension Liability Adjustment (24,093) (24,093)
Unearned Restricted Stock (191) (191)
--------- ---------
TOTAL SHAREHOLDER EQUITY (143,346) (133,261)
--------- ---------
TOTAL LIABILITIES AND EQUITY $ 431,888 $ 442,265
========= =========
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.
Certaim amounts in the previous operating reports have been reclassified to
conform to the presentation of the May operating statements.
Note 2
"Investment in European Operations" is net of $40,115 in May and $41,985 in
April, representing intercompany liabilities 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: 05-31-05 INTERMET CORPORATION CASE #04-67597
CORPORATE BOOKS ONLY - NO SUBS
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
4/30/2005 Withheld Deposits 5/31/05
------------- ----------- ------------ -------------
Income tax withheld: Federal $ 0 $ 0 $ 0 $ 0
Income tax withheld: State 0 0 0 0
Income tax withheld: Local 0 0 0 0
FICA Withheld 0 0 0 0
Employers FICA 0 0 0 0
Unemployment Tax: Federal (0) 0 0 (0)
Unemployment Tax: State 0 0 0 0
All Other Payroll W/H (419,072) (395,903) 490,230 (324,746)
State Taxes: Inc./Sales/Use/Excise (2,981,135) 300 (196,236) (3,177,071)
Federal 607,375 920 0 608,295
Property Taxes (12,051) (1,600) 0 (13,651)
Workers Compensation (497,282) 0 0 (497,282)
------------ ------------ ----------- ------------
Total ($ 3,302,166) ($ 396,283) $ 293,994 ($ 3,404,455)
Wages and Salaries (2,830,207) (323,938) 5,184 (3,148,961)
------------ ------------ ----------- ------------
Grand Total ($ 6,132,373) ($ 720,221) $ 299,177 ($ 6,553,417)
============ ============ =========== ============
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) Total 0-30 Days 30-60 Days Over 60 Days
- ---------------------------- ----- --------- ---------- ------------
Accounts Payable $ 1,277,895 $ 1,215,001 $ 62,893
Accounts Receivable N/A
Intermet Corporation and Subsidiaries
Cash Activity Analysis: MONTHLY CASH STATEMENT
Month Ended 5/31/2005
CASE # 04-67597
INTERMET CORPORATION
MEDICAL
ACCOUNT TYPE CONCEN. CONCEN. CONCEN. DEPOSIT DEPOSITORY AP PR - MALLOY BENEFITS
ACCOUNT # 1054530796 1851811305 1599333 5401086482 1096643 2770716377 2770716716 5402307572 611996
BANK Stan. Fed. Comerica Bank One Stan. Fed. Bank One Stan. Fed. Stan. Fed. Stan. Fed. Bank One
BEGINNING BANK BALANCE 2,428,685 169,325 260,732 - - - - - -
RECEIPTS 9,822,373 139 17,377 534,221 5,355 - - - -
TRANSFERS IN 44,967,774 1,009,568 469,965 - - 1,190,643 582,348 116,899 37,628
DIP INFLOW 26,865,090 - - - - - - - -
DISBURSEMENTS (31,270,216) (10,123) (125,716) - - (1,190,643) (582,348) (109,411) (37,628)
A B C
TRANSFERS OUT (26,992,006) (1,168,908) (600,000) (534,221) (5,355) - - (7,488) -
DIP REPAYMENT (24,165,090) - - - - - - - -
----------- ---------- -------- -------- ------ --------- ------- ------- ------
ENDING BANK BALANCE 1,656,611 0 22,358 - - - - - -
ACCOUNT TYPE METLIFE CHECKING ENVIRONMENTAL
ACCOUNT # 5402307564 1385313 400806.1
BANK Stan. Fed. Bank One Lasalle
BEGINNING BANK BALANCE - - 3,100,466
RECEIPTS - - 5,840
TRANSFERS IN 74,253 - -
DIP INFLOW - - -
DISBURSEMENTS (74,253) - (646)
TRANSFERS OUT - - -
DIP REPAYMENT - - -
------ ---- ---------
ENDING BANK BALANCE - - 3,105,660
CORPORATE DISBURSEMENTS PAID FOR CORPORATE (INCLUDES CORPORATE
PAYROLL OF $ 994,839) E 9,994,436
MATERIAL WIRES PAID BY CORPORATE ON BEHALF OF PLANTS 19,574,468
PAYROLL WIRES PAID BY CORPORATE ON BEHALF OF PLANTS 1,837,151
------------
TOTAL WIRES & OTHER DISBURSEMENTS BY CORPORATE (EXCLUDES
CORPORATE CHECKS) D 31,406,055
CORPORATE CHECKS ISSUED PERTAINING TO CORPORATE E 990,536
CORPORATE CHECKS ISSUED PERTAINING TO PLANTS (DEBIT MEMOS) 159,499
------------
TOTAL CORPORATE DISBURSEMENTS (SEE TOTAL DISBURSEMENTS
RECONCILIATION) $ 32,556,090
============
OUTSTANDING CHECKS AS OF APRIL 30 487,845
VOIDED CHECKS OUTSTANDING AS OF APRIL 30 -
CHECKS ISSUED DURING MAY 1,150,035
CHECK CLEARED DURING MAY (1,189,372) Excludes EFT OF $ 1,271.53 for Payroll Tax Fees
------------
OUTSTANDING CHECKS AS OF MAY 31 (SEE OUTSTANDING CHECKLIST) $ 448,508
============
A 31,270,216 Standard Fed Concentration Disbursement
B 10,123 Comerica Concentration Disbursement
C 125,716 Bank One Concentration Disbursement
--------------
D $ 31,406,055
Sum of E $ 10,984,972 REPRESENTS TOTAL DISBURSEMENTS PERTAINING TO CORPORATE
INTERMET CORPORATION
CASE # 04-67597
AT 5/31/05
CORPORATE - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 448,507.61
Misc Reconciling Items Adjusted in May (1.33)
-------------
448,506.28
Unadjusted GL Balance 448,506.28
-------------
Difference $ -
=============
Intermet Corporation
Outstanding Checks
Case #04-67597
DATE CHECK OUTSTANDING
10/22/2004 91412 $ 503.39
2/4/2005 92456 79.10
4/8/2005 93102 50.75
4/15/2005 93211 79.83
4/29/2005 93375 9,500.00
5/6/2005 93477 125.00
5/13/2005 93523 1,174.00
5/13/2005 93534 46.38
5/13/2005 93535 1,194.15
5/13/2005 93557 2,066.09
5/20/2005 93573 1,055.40
5/20/2005 93587 2,000.00
5/20/2005 93593 908.49
5/20/2005 93600 1,930.95
5/20/2005 93605 2,431.44
5/20/2005 93606 27.50
5/20/2005 93607 1,738.91
5/20/2005 93611 792.69
5/20/2005 93612 367.36
5/20/2005 93614 662.17
5/20/2005 93619 869.05
5/20/2005 93623 87.27
5/20/2005 93630 342.94
5/27/2005 93651 650.72
5/27/2005 93652 5,255.13
5/27/2005 93653 7,984.54
5/27/2005 93655 750.00
5/27/2005 93656 300.01
5/27/2005 93657 225.00
5/27/2005 93658 627.25
5/27/2005 93659 1,523.52
5/27/2005 93660 1,165.04
5/27/2005 93661 18.01
5/27/2005 93662 9.42
5/27/2005 93663 105.10
5/27/2005 93664 195.50
5/27/2005 93666 208.18
5/27/2005 93667 9,918.31
5/27/2005 93668 5,457.00
5/27/2005 93669 230.53
5/27/2005 93670 16,831.97
5/27/2005 93671 8,800.00
5/27/2005 93672 4,435.53
5/27/2005 93673 7,750.46
5/27/2005 93674 278.42
5/27/2005 93675 1,072.34
5/27/2005 93676 19,512.14
5/27/2005 93677 360.00
5/27/2005 93678 934.96
5/27/2005 93679 76.00
5/27/2005 93680 1,381.30
5/27/2005 93682 376.67
5/27/2005 93683 2,455.10
5/27/2005 93684 265.26
5/27/2005 93685 660.56
5/27/2005 93686 165.70
5/27/2005 93687 1,930.41
5/27/2005 93688 117.08
5/27/2005 93689 259.98
5/27/2005 93690 1,670.42
5/27/2005 93691 360.00
5/27/2005 93692 370.00
5/27/2005 93693 836.52
5/27/2005 93694 213.50
5/27/2005 93695 451.39
5/27/2005 93696 567.00
5/27/2005 93697 1,000.00
5/27/2005 93699 116.25
5/27/2005 93700 1,421.78
5/27/2005 93701 949.42
5/27/2005 93702 985.25
5/27/2005 93703 574.57
5/27/2005 93704 160.00
5/27/2005 93705 1,072.00
5/27/2005 93707 6,836.26
5/27/2005 93708 3,322.00
5/27/2005 93709 53.17
5/27/2005 93710 66.00
5/27/2005 93711 827.08
5/27/2005 93712 1,376.21
5/27/2005 93713 5,055.84
5/27/2005 93714 500.00
5/27/2005 93715 31.00
5/27/2005 93716 1,693.71
5/27/2005 93717 2,483.10
5/27/2005 93718 616.32
5/27/2005 93719 3,979.13
5/27/2005 93720 23,913.35
5/27/2005 93721 265.00
5/27/2005 93722 1,012.50
5/27/2005 93723 13,448.22
5/27/2005 93724 12,768.90
5/27/2005 93725 1,315.22
5/27/2005 93726 1,736.44
5/27/2005 93727 575.63
5/27/2005 93728 54.63
5/27/2005 93729 500.00
5/27/2005 93730 90.00
5/27/2005 93731 426.11
5/27/2005 93732 158.55
5/27/2005 93733 98,199.61
5/27/2005 93734 57,872.53
5/27/2005 93735 42,963.00
5/27/2005 93736 25,300.00
$ 448,507.61
INTERMET CORPORATE CASE # 04-67597
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
ABC Coke $ 386,871.57
ABN Amro 6,072.00
ACE AMERICAN INSURANCE CO. 98,118.25
ADP INVESTOR COMMUNICATION 397.76
AETNA U.S. HEALTHCARE 19,442.43
AIRGAS MID AMERICA 40.64
ALABAMA POWER 868.42
Alcan Aluminum Corporation 218,108.64
Alcoa Aluminum 1,240,640.30
ALFE Heat Treating 242,386.33
Allied Mineral 45,081.87
Alter Trading 42,164.11
Aluar Aluminum 563,935.35
Aluminum Resources 194,879.70
AMERENCIPS 5,887.48
AMG, INC. 2,800.00
AMTECH INTERNATIONAL GROUP, LTD 38,286.00
ANDREWS, THOMAS 9,938.99
ANX EBUSINESS 3,980.30
APPALACHIAN POWER 1,651.64
ARCH CONSULTING ASSOCIATES 750.00
ASCOM HASLER 715.50
AT&T 260.48
AT&T-UNIVERSAL BILLER 1,129.26
ATMOS ENERGY 32.92
Bank of Nova Scotia 1,323,039.89
Behr Metals 283,998.39
BELLSOUTH 2,488.98
Bent Tube Inc. 960.90
Bentonite Performance Minerals 93,600.00
BERNARD E. WALLACE, JR. 1,050.00
B-H Transfer 20,015.09
BLACK BOX CORPORATION 108.63
BLANCHARD CONSULTING, INC. 2,637.50
Blue Cross Blue Shields 2,853,892.10
Bodycote 1,188.45
BOWNE OF CHICAGO 12,030.00
Brown and Sharpe 14,391.00
BRUECHERT, PAUL 40.88
BRYANT'S TREE SERVICE 225.00
BSW, INC. 50.00
BUREAU OF NATIONAL 627.25
BURGE, CRAIG 1,819.44
BURTON, GLEN 2,545.04
CACHEAUX, CAVAZOS & NEWTON 737.12
Capstone 198,322.04
CARLTON GROUP INC. 196.00
CCMA 153,714.86
CFI - Minneapolis Sales Tax 4,312.00
CFI Child Support 80,863.14
CFI Payroll 23,295.45
VENDOR TOTAL DISBURSEMENTS
CINTAS CORPORATION 70.48
CITY OF HAVANA 9.42
CITY OF RADFORD 10,582.19
CLIENT SERVICES-ECM 105.10
COLUMBUS WATER WORKS 57.38
COM ED 489.39
Comerica 10,123.49
COMPUWARE CORP. 825.00
Conway Mackenzie & Dunleavy 1,445,398.75
COR SOLUTIONS, INC. 29,322.93
Corporate Payroll 296,589.58
Corporate Payroll 1,271.53
Dana 152,064.00
DAVID L. AHO METALWORKING 16,218.75
DEACON, NELDA 1,046.33
Dead Sea Magnesium 844,757.39
Decatur Payroll 837,444.03
DELAWARE SECRETARY OF 195.50
DELL MARKETING L.P. 116,124.88
Depository Trust Company 110.00
DILLIN DEVELOPMENT CORP. 830.00
DISPLAY MANUFACTURING 1,696.00
DME RR 61,310.80
DORSEY & WHITNEY LLP 3,820.00
DRUSCHITZ, ALAN P. 208.18
DU PAGE COUNTY COLLECTOR 9,918.31
DUN & BRADSTREET 237.59
Dykema Gossett 1,959.45
Eastern Alloys, inc. 285,485.48
EASTERN COMPUTER EXCHANGE, INC. 10,914.00
EDS CANADA, INC. 230.53
EDWIN B. BRANCH 16,831.97
EGH/TIMBERLAND THREE L.L.C. 60,016.61
EKK, INC. 18,800.00
Elkem Metals, Inc. 459,481.89
Enbridge Gas Services 37,673.04
ENGINEERING DESIGN SYSTEMS 420.00
ENTERPRISE FLEET SERVICES 13,507.08
EPICOR SOFTWARE CORPORATION 4,435.53
Ernst & Young 213,078.60
ERNST & YOUNG PRODUCT SALES 1,095.00
EXEC-U-CARE 7,750.46
EXECUTIVE COFFEE SYSTEMS 622.65
FAHRNER, JOHN 315.96
Fairmont Minerals 52,758.00
FEDERAL RESERVE BANK OF 450.00
FEF 2,000.00
Fidelity Savings and Profit Plan 40,790.44
FITZGERALD, DAVID C. 1,701.77
FOCAL COMM. OF MICHIGAN 478.49
Foley, Lardner 479,197.55
Foseco Metallurgical Inc. 62,112.84
FTI Restructuring 656,850.95
GANNETT FLEMING OF MI., INC. 1,726.06
GARRETT, JOE 3,295.65
GE CAPITAL 19,512.14
GEORGIA CHILD SUPPORT--FAMILY 360.00
GEORGIA POWER 12,613.92
VENDOR TOTAL DISBURSEMENTS
GIERC, DANIEL 279.42
GILLILAND, TIM 2,901.75
GLOBAL ENGINEERING DOCUMENTS 76.00
GLOBAL EXCHANGE SERVICES 1,381.30
Globe 488,881.50
GOPAL, NANDA P N 2,366.09
GWI SOFTWARE 14,825.00
GXS LIMITED SPECIAL BILLING 376.67
HA International LLC 184,409.18
HAROLD SOLLENBERGER 1,174.00
HAYNES AND BOONE, L.L.P. 1,847.48
HEMING, DANIEL 4,252.05
HENRY, CHAD 265.26
Hibbing Sales Tax 3,043.00
HOOVER, ROB 2,124.22
HORN, REGINA 165.70
HOWARD & HOWARD 1,711.50
HWP RIGGING 19,371.00
Hydro Magnesium 331,303.44
Hydro Magnesium (Norsk Hydro) 329,818.66
HYLTON, CHARLES 85.85
IBM 12,816.00
IBM CORPORATION 35,772.89
ICS 1,930.95
IKON FINANCIAL SERVICES 1,930.41
ILLINOIS ENVIRONMENTAL 4,340.00
IMCO Recycling 289,487.85
INTERCALL 117.08
IRON MOUNTAIN RECORDS MGMT 519.96
IRVIN, LESLIE B 4,021.97
JACKSON, SHIELDS, YEISER, HOLT 6,133.50
JACOBSEN'S FLOWERS INC. 116.59
Jaffe, Raitt, Heuer & Wiess 51,036.70
JAMES DAVIS CLEANING SERVICE 1,000.00
JEPPESEN SANDERSON 1,379.00
JOCK ABELL LANDSCAPING 360.00
JOHN HANCOCK FINANCIAL SVCS. 8,287.00
JOHN P. CRECINE 694.43
JOHN R. HORNE 794.37
JP MORGAN CHASE BANK, N.A. 63,488.68
KEVIN STEWART 370.00
KLEIN, KYLE 1,697.66
KPMG 325,000.00
KUZINSKI, MARK 213.50
LAEMPE + REICH COMPANIES 1,110.15
Land Transportation 159,983.60
Larpen Metallurgical Service 103,365.00
LEONARD BROS. DATA MANAGEMENT 952.85
LIEBERT GLOBAL SERVICES 1,575.00
LINA 567.00
LISIO, JOHN 2,431.44
LONGHURST, JOHN 1,054.83
LORENZ, CHAD 970.58
LOVELL, TONY 252.76
LUMPKIN, LINDA 238.97
MAGMA FOUNDRY TECHNOLOGIES 1,000.00
MagReTech Inc. 57,540.00
MALLON, ROBERT 3,649.76
VENDOR TOTAL DISBURSEMENTS
Malloy - 611996 146,879.94
MANAGEMENT SYSTEMS INTL, INC. 3,187.50
MARTIN, J.W. 122.14
MARTINEZ, FRED 1,249.60
MAYER,BROWN,ROWE & MAW 116.25
MCCOLLUM, WILLIAM E. 6,309.60
MCDONALD, MATT 2,325.95
MCI 623.52
Medco Health 667,250.52
Metallurg 9,393.30
METASAVAGE, MIKE 1,283.98
METLIFE 11,263.92
Metlife Dental 72,069.15
MICHAEL W. CURTIS 1,615.25
Midland Industries, Inc. 58,832.29
Milbank Tweed Hadley McCloy LLP 273,448.08
Miller & Co. 288,295.78
Monroe Payroll 976,411.49
MOORE, TERRY 124.50
MSC.SOFTWARE CORPORATION 27,300.00
National Material Trading 447,229.81
Noranda Aluminum 148,602.68
Norfolk Southern 170,426.48
NORFOLK SOUTHERN CORPORATION 25.00
NORTHERN SEAFOOD COMPANY 2,704.85
OFFICE DEPOT, INC. 3,628.76
OFFICE INSTALLATIONS, INC. 160.00
Ohio Screw Products 18,777.75
OHIO, TREASURER OF STATE 367.36
OmniSource Corporation - Copper 216,660.00
OmniSource Corporation - Steel 6,157,994.52
Oneok Energy Marketing 47,451.57
PAGE, SCRANTOM, SPROUSE, 160.68
PAMS, GENE 1,300.88
Parker Hannifin 24,591.60
PATZWALDT, JEFF 205.59
PBCC 617.54
Pepper Hamilton LLP 7,923.59
PETERS, GORDON 832.12
PLANTERRA GREENHOUSES 87.00
PLASKO, RANDALL 1,667.17
PLYMOUTH WAYNE, INC. 18.70
PORT AUTHORITY OF NEW YORK 34.23
Porter Warner 369.64
Porter Warner Industries 94,576.35
Primetrade, Inc. 1,090,772.10
PROVIDENT LIFE & ACCIDENT INS. 6,836.26
PRUCHA, TOM 397.24
Putnam 64,873.02
Putnam 401K 47,032.89
Racine Healthcare 4,476.19
RADISSON KINGSLEY HOTEL 3,461.30
RAR HOLDINGS, INC. 3,322.00
REED, SIDNEY LYNN 75.37
RESERVE ACCOUNT 300.00
RIDLEY'S BAKERY CAFE 463.00
RIVER MILL RECORDS MANAGMENT 206.20
ROBERT HALF TECHNOLOGY 14,499.01
VENDOR TOTAL DISBURSEMENTS
ROBERTS, DONALD 1,714.09
RODGERS, KAREN 255.56
RUFF, GARY F. 369.54
RUSSELL, CHARLES 168.75
SAE - DETROIT SECTION 370.00
SAFETY-KLEEN CORP. 199.40
SANDERS, S. DAVID 827.08
SBC 307.45
SCHELLHASE, DAN 1,463.48
SECRETARY OF STATE-MN 345.00
SECURITAS SEC. SVCS. USA, INC. 8,361.36
SENIORSCRIPS 2,560.00
SHAW, ROBERT 6,410.59
SHAWBITZ, PAT 189.75
SHEEHAN COMMUNICATIONS, INC. 500.00
SHOWALTER, ERIC 31.00
SHRED-IT DETROIT 79.80
SIMPLEXGRINNELL LP 1,655.50
SOCHOR, NATHAN 342.94
SOUTHERN PRECISION SANDS, INC. 495.94
SOUTHERN STATES TOYOTALIFT 1,605.00
Spartan Light Metal Products 46,864.20
Spectro Alloys Corporation 1,112,595.72
SPHERION CORPORATION 28,750.00
Spray-rite 58,266.53
SPRINT 42,882.41
SPRINT CONFERENCING SERVICES 2,493.07
SQUIRE,SANDERS & DEMPSEY LLP 2,570.60
SRI Quality System Registrar 22,387.47
Standard Federal 21,094.32
STATE OF MICHIGAN 175.00
STERLING COMMERCE-73199 533.19
STINEBAUGH, BEN 743.79
Stout Risisius Ross 145,909.03
SUNGARD AVAILABILITY SERVICES 834.00
Superior Graphite Co. 24,153.76
Supreme Cores 33,589.00
TERMINIX INTERNATIONAL 32.00
THE FARMERS BANK OF APPOMATTOX 616.32
THOMAS H. JEFFS II 728.36
THOMSON FINANCIAL 540.00
Thyssen Specialty Steels, Inc. 1,712.94
Tinnerman Palnut 15,871.83
T-MOBILE 146.97
Toyota Tsusho 51,853.31
TRADEWINDS AVIATION 4,868.13
Trans Man Logistics, Inc. 574,350.09
TREASURER, CITY OF RADFORD 23,913.35
TSBY RR 41,342.27
U.S. TRUSTEE 4,000.00
UMETCO Inc. 93,660.00
Unimin Corporation 47,640.00
UNITED AMERICAN INSURANCE CO. 42,963.00
UNITED WAY OF CENTRAL VIRGINIA 265.00
UNIVERSAL SOFTWARE, INC. 1,575.00
US Magnesium LLC 1,173,320.73
VALLEY FASTENERS 18.79
Value Options 28,282.50
VENDOR TOTAL DISBURSEMENTS
VALUEOPTIONS, INC 13,448.22
Vanguard 88,088.33
VANGUARD GROUP 12,768.90
Vanguard Group 401K 326,180.06
VASS, S. REID 1,891.28
VERIZON 1,914.15
VERIZON WIRELESS 575.63
VERIZON WIRELESS MESSAGING SVC 52.43
VERIZON WIRELESS-GREAT LAKES 2,066.09
Vesuvius 18,615.02
VIRGINIA DEPT OF TAXATION 430.92
VISUAL IMPRESSIONS 504.03
VOSS, DAVID 944.06
W.T. HARVEY LUMBER CO. 619.69
Wachtell Lipton Rosen Katz 68,519.48
WALKER, SEAN 3,256.85
WASTE MANAGEMENT 242.34
WAYNE BOOTH INVESTMENTS 25,300.00
WAYNE HARMON 500.00
Wheelabrator Abrasives 123,360.00
WISCONSIN DEPT. OF REVENUE 90.00
WOODLAND CAFE 134.71
WOODS, ROGERS & HAZLEGROVE PLC 6,410.20
XEROX CORPORATION 426.11
XPEDX - LYNCHBURG 158.55
ZEIMET, RANDY 3,824.98
-
-----------------
$ 32,556,089.85
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MAY 31, 2005
The following information is to be provided for each shareholder,
officer, director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: INTERMET CORP. Capacity: ___ Shareholder
Case Number: 04-67597 ___ Officer
___ Director
___ Insider
PLEASE SEE COMPANY PREPARED SCHEDULE ATTACHED.
Current Compensation Paid: Weekly or Monthly
______ _______
Current Benefits Paid: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $0
Dated: JUNE 20, 2005 ________________________________________
Principal, Officer, Director, or Insider
Form 6
Intermet Corporation
Month Ended May 31, 2005
GARY ROBERT E. TIMOTHY R. JOHN B. TODD THOMAS E. ALAN J. BYTHA GREG MICHAEL
NAME: RUFF BELTS GILLILAND RUTHERFORD HEAVIN PRUCHA MILLER MILLS WAHOWIAK SKRZYPCAK
-------- --------- ---------- ---------- ---------- --------- ----------- --------------- -------- ---------
Chairman VP VP- VP- VP, General Business
& CEO Finance Light VP-Sales & VP-Ferrous Technical Ass't Counsel VP- Systems
JOB DUTIES: Director and CFO Metals Marketing Metals Services Secretary Administration Director Treasurer
-------- --------- ---------- ---------- ---------- --------- ----------- --------------- -------- ---------
(MONTHLY)
COMPENSATION: $ 41,667 $ 21,667 $ 16,667 $ 16,667 $ 17,500 $ 14,583 $ 18,750 $ 12,500 $ 11,916 $ 10,833
BENEFITS PAID:
Health Insurance 772 772 546 546 772 546 546 284 487 772
Life Insurance 358 358 358 358 358 358 358 358 358 -
Deferred Comp 142 142 142 142 142 124 142 106 101 92
Retirement 364 190 148 148 154 128 164 109 103 94
Company Vehicle 1,104 850 850 850 855 722 850 850 650 -
Cell Phone - 62 - 85 62 - - - 41 41
(EXPENSE REIMBURSE): - - - - - - - - - -
Meals & Entertainment 106 - 102 - - 165 - - - -
Travel 188 - 2,545 - - 68 - - - -
Communications 76 - 255 - - 58 - - - -
Dues & Subscriptions - - - - - - - - - -
Misc--Conference - - - - - - - - - -
OTHER PAYMENTS: - - - - - - - - - -
Rents Paid - - - - - - - - - -
Loans - - - - - - - - - -
Other (Describe) - - - - - - - - - -
Dues & Subscriptions - - - - - 106 - - - -
-------- -------- -------- -------- -------- -------- -------- -------- -------- --------
TOTAL OF ALL PAYMENTS $ 44,777 $ 24,041 $ 21,613 $ 18,796 $ 19,843 $ 16,858 $ 20,810 $ 14,207 $ 13,656 $ 11,832
======== ======== ======== ======== ======== ======== ======== ======== ======== ========
MARY JO JOHN P. JULIA D. NORMAN F. JOHN R. THOMAS H. CHARLES G. RICHARD A. PAMELA E. MITSUNOBU
NAME: KARJALA CRECINE DARLOW EHLERS HORNE JEFFS II MCCLURE NAWROCKI RODGERS TAKEUCHI TOTAL
---------- -------- -------- --------- -------- --------- ---------- ---------- --------- --------- ---------
JOB DUTIES: Secretary Director Director Director Director Director Director Director Director Director
---------- -------- -------- --------- -------- --------- -------- -------- -------- --------
(MONTHLY)
COMPENSATION: $ 6,000 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $188,750
BENEFITS PAID:
Health Insurance 546 - - - - - - - - - 6,589
Life Insurance - - - - - - - - - - 3,222
Deferred Comp 51 - - - - - - - - - 1,326
Retirement 54 - - - - - - - - - 1,656
Company Vehicle - - - - - - - - - - 7,581
Cell Phone - - - - - - - - - - 291
(EXPENSE REIMBURSE): - - - - - - - - - -
Meals & Entertainment - 79 - - 35 - - - - - 487
Travel - 615 - - 760 728 - - - - 4,904
Communications - - - - - - - - - - 389
Dues & Subscriptions - - - - - - - - - - -
Misc--Conference - - - - - - - - - - -
OTHER PAYMENTS: - - - - - - - - - - -
Rents Paid - - - - - - - - - - -
Loans - - - - - - - - - - -
Other (Describe) - - - - - - - - - - -
Dues & Subscriptions - - - - - - - - - - 106
-------- -------- -------- -------- -------- -------- -------- -------- -------- -------- --------
TOTAL OF ALL PAYMENTS $ 6,651 $ 694 $ 0 $ 0 $ 795 $ 728 $ 0 $ 0 $ 0 $ 0 $215,301
======== ======== ======== ======== ======== ======== ======== ======== ======== ======== ========
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 MAY 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67599
) Chapter 11
) Judge: Marci B. McIvor
ALEXANDER CITY CASTING CO., INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO[ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO[ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO[ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO[ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO[ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: JUNE 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 5-31-05
($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) 66
Depreciation & Amortization - -
Other Allocated Fixed Costs - -
Other Fixed Costs - -
------ ------
Cost of Goods Sold (1) 66
Gross Profit 1 (66)
Plant SG&A Expense - -
SG&A Expense - Allocation (Sched 1) - -
Other Operating Expenses 3 1,585
------ ------
Total Operating Expenses 3 1,585
Operating Profit (2) (1,651)
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) 31 32
------ ------
Total Non-Operating Expenses 31 32
Income Before Income Taxes 29 (1,619)
Income Tax Expense 1 8
------ ------
Net Income 28 (1,627)
====== ======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs May
(Allocation of Corporate Costs to Filing Entities)
(000's)
May
-------
Officer Compensation $ 189
Salary Expense other Employees 897
Employee Benefits and Pension 107
Payroll Taxes 57
Other Taxes 0
Rent and Lease Expense 185
Interest Expense
Insurance 62
Automobile and Truck Expense 10
Utilities(Gas Electric, Phone) 40
Depreciation 87
Travel and Entertainment 82
Repairs and Maintenance 45
Advertising/Promotion 0
Supplies, Office Expense 41
Other:
Contributions 2
Professional Fees - Audit/Tax 350
Bank Fees 31
Public Reporting Fees 15
Employee Relocation/Training 7
Data Processing 27
Dues and Subscriptions 12
Outside Services 92
Project Development Costs net of Billings 11
Director Fees 25
Miscellaneous 2
Legal Fees 157
Cost Allocation - Europe (78)
Cost Allocation - Out (175)
-------
$ 2,280
=======
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 627
-------
Total $ 2,280
=======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 5-31-05
($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 1,588
Construction In Progress -
--------
Total Fixed Assets 2,125
Accumulated Depreciation (1,572)
--------
NET FIXED ASSETS 553
Investment In Subsidiaries -
Investment In European Operations -
Long-Term Intercompany Receivables -
Deferred Taxes, Long-Term Asset -
Other Assets -
--------
TOTAL ASSETS $ 686
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 0
Wages and Salaries (See schedule) -
Taxes Payable - (See schedule) 2
--------
TOTAL POST PETITION LIABILITIES 2
SECURED LIABILITIES:
SECURED 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 -
Retirement Benefits -
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities -
Long-Term Intercompany Payables 36,921
Minority Interest -
--------
TOTAL LIABILITIES 37,074
Common Stock 10
Capital In Excess Of Par Value 90
Retained Earnings - Prepetition (34,861)
Retained Earnings - Post Petition (1,627)
Equity In European Operations
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
--------
TOTAL SHAREHOLDER EQUITY (36,388)
--------
TOTAL LIABILITIES AND EQUITY $ 686
========
PERIOD ENDED: 05-31-05 ALEXANDER CITY CASTING CO., INC. CASE #04-67599
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
4/30/2005 Withheld Deposits 5/31/2005
--------- -------- -------- ---------
Income tax withheld: Federal $ 0 $ 0 $ 0 $ 0
Income tax withheld: State $ 0 $ 0 $ 0 $ 0
Income tax withheld: Local $ 0 $ 0 $ 0 $ 0
FICA Withheld $ 0 $ 0 $ 0 $ 0
Employers FICA $ 0 $ 0 $ 0 $ 0
Unemployment Tax: Federal $ 0 $ 0 $ 0 $ 0
Unemployment Tax: State $ 0 $ 0 $ 0 $ 0
All Other Payroll W/H $ 0 $ 0 $ 0 $ 0
$ 0 $ 0 $ 0 $ 0
State Taxes: Inc./Sales/Use/Excise $1,032 $ 758 $ 0 $1,790
Property Taxes $ 0 $ 0 $ 0 $ 0
$ 0
Workers Compensation 0 0 0 0
------ ------ ------ ------
Total $1,032 $ 758 $ 0 $1,790
Wages and Salaries 0 0 0 0
------ ------ ------ ------
Grand Total $1,032 $ 758 $ 0 $1,790
====== ====== ====== ======
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $ 0 $ 0 $ 0
Accounts Receivable $ 0 $ 0 $ 0
MONTHLY CASH STATEMENT
Period Ending: MAY 31, 2005
ALEXANDER CITY CASTING CO., INC.
Case Number: 04-67599
CASH ACTIVITY ANALYSIS (CASH BASIS ONLY):
General Payroll Tax Cash Coll. Petty Cash
Acct. Acct. Acct. Acct. Acct.
------- ------- ----- ---------- ----------
A. Beginning Balance _____ _____ _____ _____ _____
B. Receipts _____ _____ _____ _____ _____
(Attach separate schedule)
C. Balance Available _____ _____ _____ _____ _____
(A+B)
D. Less Disbursements _____ _____ _____ _____ _____
(Attach separate schedule)
E. Ending Balance N/A - COMPANY HAS NO BANK ACCOUNTS
(C-D)
(PLEASE ATTACH COPIES OF MOST RECENT RECONCILED BANK STATEMENTS FROM EACH
ACCOUNT)
General Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Payroll Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Tax Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Other monies on hand (specify type and location) i.e., CD's, bonds, etc.:
_________________________________________________________________________
_________________________________________________________________________
Date: JUNE 20, 2005 ______________________________
Debtor in Possession
Form 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MAY 31, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: ALEXANDER CITY CASTING CO., INC. Capacity: ___ Shareholder
Case Number: 04-67599 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
Current Compensation Paid: Weekly or Monthly
______ _______
Current Benefits Paid: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $0
Dated: JUNE 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 MAY 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67605
) Chapter 11
) Judge: Marci B. McIvor
CAST-MATIC CORPORATION )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: JUNE 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 5-31-05
($000's)
CASE #04-67605
CAST-MATIC
CORP
---------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 4,308 30,008
Cost of Goods Sold
Materials and Freight 2,420 17,446
Wages - Hourly 270 2,128
Wages-Salary 146 1,089
Employee Benefits and Pension 97 801
Repairs & Maintenance 126 875
Supplies 222 1,584
Utilities 102 870
Purchased Components/Services 233 1,461
Income(loss) from Pattern Sales - -
Fixed Asset - (gain/loss) (6) (6)
MIS Expense 12 83
Travel & Entertainment 3 19
Other Variable Costs 344 1,322
Depreciation & Amortization 158 1,283
Other Allocated Fixed Costs - (2)
Other Fixed Costs 71 658
----- ------
Cost of Goods Sold 4,198 29,611
Gross Profit 110 397
Plant SG&A Expense - -
SG&A Expense - Allocation (Sched 1) 82 639
Other Operating Expenses - 55
----- ------
Total Operating Expenses 82 694
Operating Profit 28 (297)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (73) (407)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) (1) 9
----- ------
Total Non-Operating Expenses (74) (398)
Income Before Income Taxes (46) (695)
Income Tax Expense 10 122
----- ------
Net Income (56) (817)
===== ======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs May
(Allocation of Corporate Costs to Filing Entities)
(000's)
May
-------
Officer Compensation $ 189
Salary Expense other Employees 897
Employee Benefits and Pension 107
Payroll Taxes 57
Other Taxes 0
Rent and Lease Expense 185
Interest Expense
Insurance 62
Automobile and Truck Expense 10
Utilities(Gas Electric,Phone) 40
Depreciation 87
Travel and Entertainment 82
Repairs and Maintenance 45
Advertising/Promotion 0
Supplies, Office Expense 41
OTHER:
Contributions 2
Professional Fees - Audit/Tax 350
Bank Fees 31
Public Reporting Fees 15
Employee Relocation/Training 7
Data Processing 27
Dues and Subscriptions 12
Outside Services 92
Project Development Costs net of Billings 11
Director Fees 25
Miscellaneous 2
Legal Fees 157
Cost Allocation - Europe (78)
Cost Allocation - Out (175)
-------
$ 2,280
=======
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 627
-------
Total $ 2,280
=======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 5-31-05
($000's)
CASE #04-67605
--------------
CAST-MATIC
CORP
--------------
Cash And Equivalents $ -
Accounts Receivable 6,404
Short-Term Intercompany Receivables -
Inventories 2,724
Other Current Assets 119
--------
TOTAL CURRENT ASSETS 9,247
Land and Buildings 2,889
Machinery & Equipment 17,061
Construction In Progress 998
--------
Total Fixed Assets 20,948
Accumulated Depreciation (7,198)
--------
NET FIXED ASSETS 13,750
Investment In Subsidiaries -
Investment In European Operations -
Long-Term Intercompany Receivables -
Deferred Taxes, Long-Term Asset -
Other Assets -
--------
TOTAL ASSETS $ 22,997
========
Liabilities and Shareholder Equity
POST PETITION LIABILITIES
Accounts Payable $ 1,018
Wages and Salaries (See schedule) 147
Taxes Payable - (See schedule) 126
--------
TOTAL POST PETITION LIABILITIES 1,291
SECURED LIABILITIES:
Secured 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 422
Short-Term Intercompany Payables 691
Retirement Benefits -
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities -
Long-Term Intercompany Payables 17,070
Minority Interest -
--------
TOTAL LIABILITIES 22,687
Common Stock -
Capital In Excess Of Par Value 2,109
Retained Earnings - Prepetition (982)
Retained Earnings - Post Petition (817)
Equity In European Operations
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
--------
TOTAL SHAREHOLDER EQUITY 310
--------
TOTAL LIABILITIES AND EQUITY $ 22,997
========
PERIOD ENDED: 05-31-05 CAST-MATIC CORP. CASE #04-67605
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
4/30/2005 Withheld Deposits 5/31/2005
--------- ---------- ----------- ---------
Income tax withheld: Federal $ 0 $ 0 $ 0 $ 0
Income tax withheld: State 0 0 0 0
Income tax withheld: Local 0 0 0 0
FICA Withheld 0 0 0 0
Employers FICA 7,275 2,427 0 9,702
Unemployment Tax: Federal 53 (8) 0 44
Unemployment Tax: State 756 (168) 0 588
All Other Payroll W/H 0 0 0 0
State Taxes: Inc./Sales/Use/Excise 115,422 9,346 (106,076) 18,692
Property Taxes 74,000 18,500 0 92,500
Workers Compensation 3,700 1,737 (1,737) 3,700
--------- --------- --------- ---------
Total $ 201,206 $ 31,834 ($ 107,813) $ 125,227
Wages and Salaries 123,479 23,690 0 147,169
--------- --------- --------- ---------
Grand Total $ 324,685 $ 55,524 ($ 107,813) $ 272,396
========= ========= ========= =========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) Total 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $ 1,018,415 $ 1,018,415 $ 0 $ 0
Accounts Receivable $ 6,210,793 $ 4,368,521 $ 1,842,273 $ 0
Intermet Corporation and Subsidiaries
Cash Activity Analysis:
Month Ended 5/31/2005
MONTHLY CASH STATEMENT
CASE # 04-67605
CAST-MATIC CORP (STEVENSVILLE)
-----------------------------------------------------------------------------------------
ACCOUNT TYPE LOCKBOX LOCKBOX 673038 DEPOSITORY AP AP PR PR
ACCOUNT # 5402699440 1851812063 361567604 2770721856 2176982979 2770721864 2176983126
BANK STAN FED COMERICA BANK ONE STAN FED COMERICA STAN FED COMERICA
BEGINNING BANK BALANCE - - - - - - -
RECEIPTS 2,771,804 - - - - - -
TRANSFERS IN (CORPORATE) - - - 956,694 2,665 417,995 -
DIP INFLOW - - - - - - -
DISBURSEMENTS - - - (956,694) (2,665) (417,995) -
TRANSFERS OUT (CORPORATE) (2,771,804) - - - - - -
DIP REPAYMENT - - - - - - -
---------- --- --- ----------- ------ -------- ---
ENDING BANK BALANCE - - - - - - -
MATERIALS & OTHER DISBURSEMENTS
PAID FOR BY CORPORATE 1,974,652
CHECKS ISSUED 957,257
PAYROLL DISBURSED (INCLUDES
PAYROLL PAID BY CORPORATE) 426,844
CORPORATE DEBIT MEMOS 11,843
-----------
TOTAL DISBURSEMENTS (SEE TOTAL
DISBURSEMENTS RECONCILIATION) $ 3,370,597
===========
OUTSTANDING CHECKS AS OF APRIL 30 397,163
VOIDED CHECKS OUTSTANDING
AS OF APRIL 30 -
CHECKS ISSUED DURING MAY 957,257
CHECK CLEARED DURING MAY (959,359) Includes checks clearing from
Comerica above.
-----------
OUTSTANDING CHECKS AS OF MAY 31
(SEE OUTSTANDING CHECKLIST) $ 395,061
===========
CAST-MATIC CORPORATION
CASE NO. 04-67605
AT 5/31/05
STEVENSVILLE - BANK
RECONCILIATION
Bank Balance $ -
Outstanding AP Checks $ 395,060.94
Misc. reconciling items adjusted
in June (47,706.83)
------------
347,354.11
Unadjusted GL Balance 347,354.11
------------
Difference $ -
============
CAST-MATIC CORPORATION
CASE NO. 04-67605
STEVENSVILLE
OUTSTANDING CHECKS
Case No. 04-67605
DATE CHECK OUTSTANDING
5/9/2005 50415 $ 9,157.38
5/11/2005 50428 42.46
5/11/2005 50429 330.96
5/13/2005 50485 154.08
5/16/2005 50486 136.77
5/18/2005 50496 332.12
5/19/2005 50506 289.98
5/19/2005 50519 56.30
5/19/2005 50523 315.36
5/19/2005 50530 1,000.00
5/19/2005 50541 457.06
5/19/2005 50561 122.80
5/23/2005 50570 674.17
5/23/2005 50571 11,548.00
5/24/2005 50573 394.83
5/24/2005 50574 196.64
5/25/2005 50576 118.18
5/26/2005 50577 3,457.00
5/26/2005 50581 1,956.27
5/26/2005 50582 314.28
5/26/2005 50583 780.40
5/26/2005 50584 1,282.58
5/26/2005 50585 134.00
5/26/2005 50586 21.15
5/26/2005 50587 665.37
5/26/2005 50588 247.50
5/26/2005 50589 4,765.90
5/26/2005 50590 931.00
5/26/2005 50591 1,026.59
5/26/2005 50592 4,716.00
5/26/2005 50593 218.04
5/26/2005 50594 2,424.28
5/26/2005 50595 2,552.00
5/26/2005 50596 1,661.60
5/26/2005 50597 112.81
5/26/2005 50598 1,320.00
5/26/2005 50599 3,579.76
5/26/2005 50602 6,615.97
5/26/2005 50603 1,683.01
5/26/2005 50604 571.00
5/26/2005 50605 5,567.78
5/26/2005 50606 290.91
5/26/2005 50607 13,726.49
5/26/2005 50608 1,687.50
5/26/2005 50609 2,120.15
5/26/2005 50610 531.88
5/26/2005 50611 845.94
5/26/2005 50612 59.83
5/26/2005 50613 708.00
5/26/2005 50614 228.00
5/26/2005 50615 63.86
5/26/2005 50616 710.85
5/26/2005 50617 220.94
5/26/2005 50618 424.46
5/26/2005 50619 683.72
5/26/2005 50620 1,875.00
5/26/2005 50621 466.20
5/26/2005 50622 47,192.32
5/26/2005 50623 184.50
5/26/2005 50624 31,665.70
5/26/2005 50625 100.00
5/26/2005 50626 28.00
5/26/2005 50627 630.71
5/26/2005 50628 294.00
5/26/2005 50629 127.20
5/26/2005 50631 12,238.44
5/26/2005 50632 287.18
5/26/2005 50633 587.13
5/26/2005 50634 480.15
5/26/2005 50635 38.17
5/26/2005 50636 705.00
5/26/2005 50637 429.46
5/26/2005 50638 8,949.04
5/26/2005 50640 160.00
5/26/2005 50642 425.17
5/26/2005 50643 146.76
5/27/2005 50645 261.35
5/27/2005 50646 675.75
5/27/2005 50647 407.36
5/27/2005 50648 178,337.00
5/31/2005 50649 367.57
5/31/2005 50650 142.00
5/31/2005 50651 325.35
5/31/2005 50652 2,144.52
5/31/2005 50653 1,476.00
5/17/2005 50493 9,680.00
$ 395,060.94
CAST-MATIC CORP. CASE NO. 04-67605
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- --------------------------------------- -------------------
ACE HARDWARE $ 1,956.27
ACE INSURANCE 6,100.10
ADAMS MAGNETICS 56.30
ADAMS REMCO 2,783.82
ADP, INC 1,930.34
ADVANCED PROTOTYPING, INC 910.00
AIR TECH ENGINEERING 1,282.58
AITKEN PRODUCTS, INC 1,537.85
ALCAN ALUMINUM 218,109.00
ALCOA ALUMINUM 1,240,640.00
ALCOA SPECIALTY METALS 540.00
ALFE HEAT TREATING 242,386.00
ALPHA RESOURCES 102.73
ALRO STEEL CORPORATION 399.56
ALUAR ALUMINUM 220,328.00
ALVAN MOTOR FRT 99.95
AMERICAN ELECTRIC POWER 30,801.49
ARAMARK UNIFORMS SERVICES, INC 2,790.39
ASSOCIATED BAG 522.28
ASTRO DYNE 195.62
AUTOMATION DIRECT.COM 562.50
BAR CODE SOLUTIONS 13,118.43
BEACON OPERATIONS CENTER 20,020.59
BOND FLUIDARIE, INC 1,021.00
BRAMMALL SUPPLY CO 1,858.64
BUEHLER 142.61
BURCHETT QUALITY TOOL 32,652.00
C & E MACHINE TOOL 4,200.00
C. B. DEKORNE 980.90
CARR LANE 47.88
CENTENNIAL TECHNOLOIES, INC 3,684.00
CHARLEVOIX ENERGY TRADING 70,303.81
CHEM TREND, INC 1,661.60
CHEMSTATION OF NORTHERN INDIANA 1,102.72
COLUMBIA MARKING TOOLS 446.96
COMPETITIVE EDGE, LLC 38.16
CONDAT 2,673.00
CONNECTION SERVICE 248.22
COVERALL OF WEST MICHIGAN 2,544.90
CPC 14,519.92
CUSTOM MOLD 644.44
D & D MACHINERY 24,900.00
DAVID PATTERSON 1,337.76
DEBRA RAULS 74.48
DME CO 757.29
DONALD SHEMBARGER 160.00
DOUBLEDAY OFFICE PRODUCTS, INC 159.00
EARTHSCAPES LANDSCAPING, INC 3,579.76
EIS, INC 815.67
FLOYD BARNES 2,147.17
FUTURE TECH 448.00
GATEWAY, INC 26.60
CAST-MATIC CORP. CASE NO. 04-67605
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- --------------------------------------- -------------------
GE INSPECTION TECNOLOGIES 7,461.30
GEO T. SCHMIDT, INC 365.44
GLOBAL EXCHANGE SERVICES 38.10
GREAT LAKES AUTOMATION 6,887.35
GRIFFIN TOOL, INC 48,850.00
H & H EXPRESS, LLC 11,448.57
HAMPTON INN 1,683.01
HASSES' CRANE SERVICE 250.00
HECO, INC 1,664.00
HULL LIFT TURCKS, INC 144.08
HYDRACT, INC 571.00
IKON OFFICE 289.68
IKON OFFICE SOLUTIONS 290.91
INDUSTRIAL GYPSUM CO., INC 740.00
INDUSTRIAL SOLUTIONS 8,446.38
J & L INDUSTRIAL 1,903.24
JACKSON, SHIELDS, YEISER, HOLT 5,322.00
J-COM 115.00
JEFF BANKS 56.18
JERZ MACHINE TOO CORP 37,990.49
JOHN'S WORKBENCH 1,476.00
JUS-RITE ENGINEERING, INC 18,880.00
KANDLER TOOL COMPANY 3,150.00
KEENER SAND & CLAY CO 2,640.00
KENDALL ELECTRIC, INC 6,918.02
KENT REDBECK 1,986.69
KMH SYSTEMS 2,795.95
LANDAUER 531.88
M & I MACHINE 19,759.00
MAGMA FOUNDRY TECHNOLOIES, INC 1,000.00
MANUFACTURERS RUBBER SUPPLY 100.00
MARTIN FLUID POWER 131.00
MATT BROWN 155.88
MCMASTER-CARR SUPPLY CO 2,069.12
METTALURG ALUMINUM 18,786.30
MICHIGAN SHIPPERS SUPPLY 239.14
MIDWEST SAFETY PRODUCTS, INC 59.83
MITCHELL MAZE 212.98
MITTLER SUPPLY, INC 2,838.00
MOLTEN METAL EQUIPMENT INNOVATIONS, INC 2,047.92
MOTION INDUSTRIES 2,634.32
MSC INDUSTRIAL 420.29
NATHAN LEE 102.17
NEFF ENGINEERING CO 740.77
NEWARK IN ONE 653.72
NILES JANITOR SERVICE & SUPPLY 115.00
NMGH FINANCIAL SERVICES 710.85
OMEGA ENGINEERING, INC 526.45
ONDRAKA MANAGEMENT ENTERPRISES, LLC 645.00
ONE WAY PLUMBING 69.50
ORIGINAL AD 9,680.00
OVERNIT TRANSPORTATION 491.96
PC UNIVERSE 1,532.64
CAST-MATIC CORP. CASE NO. 04-67605
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- --------------------------------------- -------------------
PETTY CASH 1,526.05
PITNEY BOWES 101.50
POOCH WLEDING SUPPLY CO 3,195.42
PORT MANATEE FORESTRY TERMINAL 457.06
PRESTON ESTEP 870.99
PRI MAR PETROLEUM, INC 843.15
PRIDE WELDING 5,740.00
PROCESS ENGINEERING & EQUIPMENT CO 184.50
PRODUCT ACTION INTERNATIONAL 48,575.07
PRODUCTION TOOL SUPPLY 584.74
PROVIDENT LIFE 106.25
PYROTEK, INC 53,048.50
QUANTUM CONNECTIONS, LLC 67.00
R A MORT SUPPLY 52.70
RADDE AGENCY 28.00
RAPID PRINT 215.60
RAY'S MOTEL 756.00
R-CON NDT, INC 3,648.71
RELIABLE DISPOSAL 100.00
RHM FLUID POWER 315.73
RIDGE & KRAMER 190.04
ROCKHURST UNIVERSITY CONTINUING ED 228.00
RX OPTICAL 57.00
S & S INDUSTRIAL 9,892.11
SAFETY PRODUCTS DIVISION 1,423.69
SAFETY-KLEEN 629.09
SBC AMERITECH 686.30
SCHOTT SAW CO 2,369.75
SCOPE SERVICES, INC 54,865.65
SOUTHWESTERN MEDICAL CLINIC PC 462.00
SPARTAN WOOD PRODUCTS 3,800.00
SPECTRO ANALYTICAL INSTRUMENTS 259.67
SPRINT 353.06
STAPLES BUSINESS ADVANTAGE 1,202.56
STATE OF MICHIGAN 25.00
STATE OF MICHIGAN 50.00
STC STORAGE TRAILERS & CONTAINERS 294.00
STEVENSVILLE PAYROLL (INCLUDES AMOUNTS
DISBURSED BY CORPORATE) 426,844.33
TAYLOR RENTAL 216.35
TCP WIRE & CABLE 674.17
TEST EQUIPMENT DISTRIBUTORS, LLC 510.86
THAYER, INC 1,030.65
THOMPSON, INC 587.13
TOM TRAINOR 132.41
TRAN MAN LOGISTICS, INC. 43,796.00
TURPIN SALES & MARKETING, INC 415.33
TWIN CITIES AWARDS & TROPHIES, INC 236.04
UNIVERSAL ELECTRIC CORP 56.22
VALENITE 142.00
VEKTEK 77.70
VERIZON WIRELESS 94.45
WATCON, INC 412.50
WEST MICHIGAN HYDRAULICS 1,402.27
CAST-MATIC CORP. CASE NO. 04-67605
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- --------------------------------------- -------------------
WESTOFF MACHINE CO 38.17
WILLIAM A KIBBE & ASSOCIATES 1,650.00
WILLIAM ATKINS 76.13
WOOD TEMPORARY STAFFING 130.38
XPRESS PRINTING 335.53
Y.E.S. 40,329.59
YOUNGBLOOD AIR SYSTEMS 38,698.85
YXLON INTERNATIONAL 196,537.00
--------------
$ 3,370,596.35
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MAY 31, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: CAST-MATIC CORPORATION Capacity: ___ Shareholder
Case Number: 04-67605 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $ 0
Dated: JUNE 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 MAY 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67609
) Chapter 11
) Judge: Marci B. McIvor
COLUMBUS FOUNDRY, L.P. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: JUNE 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 5-31-05
($000's)
CASE #04-67609
COLUMBUS
FOUNDRY
----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 11,955 103,920
Cost of Goods Sold
Materials and Freight 3,227 35,976
Wages - Hourly 1,849 13,741
Wages-Salary 469 3,799
Employee Benefits and Pension 876 6,540
Repairs & Maintenance 929 6,082
Supplies 767 5,601
Utilities 826 6,701
Purchased Components/Services 305 5,445
Income(loss) from Pattern Sales - (919)
Fixed Asset - (gain/loss) - 11
MIS Expense 63 451
Travel & Entertainment 11 70
Other Variable Costs 196 1,498
Depreciation & Amortization 398 3,840
Other Allocated Fixed Costs - 3
Other Fixed Costs 154 1,266
------------- ------------------
Cost of Goods Sold 10,070 90,105
Gross Profit 1,885 13,815
Plant SG&A Expense 29 272
SG&A Expense - Allocation (Sched 1) 313 2,435
Other Operating Expenses - 415
------------- ------------------
Total Operating Expenses 342 3,122
Operating Profit 1,543 10,693
Outside Interest Income - -
Outside Interest (Expense) - (6)
Intercompany Interest Income - -
Intercompany Interest (Expense) (251) (1,539)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) - -
------------- ------------------
Total Non-Operating Expenses (251) (1,545)
Income Before Income Taxes 1,292 9,148
Income Tax Expense 33 290
-
------------- ------------------
Net Income 1,259 8,858
============= ==================
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs May
(Allocation of Corporate Costs to Filing Entities)
(000's)
May
-------
Officer Compensation $ 189
Salary Expense other Employees 897
Employee Benefits and Pension 107
Payroll Taxes 57
Other Taxes 0
Rent and Lease Expense 185
Interest Expense
Insurance 62
Automobile and Truck Expense 10
Utilities(Gas Electric,Phone) 40
Depreciation 87
Travel and Entertainment 82
Repairs and Maintenance 45
Advertising/Promotion 0
Supplies, Office Expense 41
OTHER:
Contributions 2
Professional Fees - Audit/Tax 350
Bank Fees 31
Public Reporting Fees 15
Employee Relocation/Training 7
Data Processing 27
Dues and Subscriptions 12
Outside Services 92
Project Development Costs net of Billings 11
Director Fees 25
Miscellaneous 2
Legal Fees 157
Cost Allocation - Europe (78)
Cost Allocation - Out (175)
-------
$ 2,280
=======
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 627
-------
Total $ 2,280
=======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 5-31-05
($000's)
CASE #04-67609
--------------
COLUMBUS
FOUNDRY
--------------
Cash And Equivalents $ -
Accounts Receivable 19,473
Short-Term Intercompany Receivables 15
Inventories 7,379
Other Current Assets 30
--------------
TOTAL CURRENT ASSETS 26,897
Land and Buildings 12,637
Machinery & Equipment 78,132
Construction In Progress 430
--------------
Total Fixed Assets 91,199
Accumulated Depreciation (61,660)
--------------
NET FIXED ASSETS 29,539
Investment In Subsidiaries -
Investment In European Operations -
Long-Term Intercompany Receivables 34,423
Deferred Taxes, Long-Term Asset -
Other Assets 625
--------------
TOTAL ASSETS $ 91,484
==============
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 1,829
Wages and Salaries (See schedule) 605
Taxes Payable - (See schedule) 828
--------------
TOTAL POST PETITION LIABILITIES 3,262
SECURED LIABILITIES:
SECURED DEBT -
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes -
Accrued Tax - State -
Accrued Property Taxes -
Accrued Workers Comp. 218
Accrued Payroll -
Accrued Payroll Taxes -
--------------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 218
UNSECURED LIABILITIES
Accounts Payable 10,150
Senior & IDR Bonds -
--------------
TOTAL UNSECURED LIABILITIES 10,150
OTHER LIABILITIES
Accrued Liabilities 2,294
Short-Term Intercompany Payables 23
Retirement Benefits (852)
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities -
Long-Term Intercompany Payables 1,336
Minority Interest -
--------------
TOTAL LIABILITIES 16,431
Common Stock -
Capital In Excess Of Par Value 4,592
Retained Earnings - Prepetition 61,603
Retained Earnings - Post Petition 8,858
Equity In European Operations
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
--------------
TOTAL SHAREHOLDER EQUITY 75,053
--------------
TOTAL LIABILITIES AND EQUITY $ 91,484
==============
PERIOD ENDED: 05-31-05 COLUMBUS FOUNDRY CASE #04-67609
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
4-30-05 Withheld Deposits 5-31-05
----------- ------------ ---------- ------------
Income tax withheld: Federal ($ 28,540) ($ 260,121) $ 253,106 ($ 35,554)
Income tax withheld: State (13,892) (114,430) 111,567 (16,756)
Income tax withheld: Local 0 0 0 0
FICA Withheld (26,131) (195,533) 191,741 (29,922)
Employers FICA (55,256) (181,992) 165,611 (71,638)
Unemployment Tax: Federal (5,621) (27) 2,302 (3,346)
Unemployment Tax: State (32,169) (95) 10,835 (21,429)
All Other Payroll W/H (97,332) (198,871) 221,379 (74,824)
State Taxes: Inc./Sales/Use/Excise (71,723) (87,152) 38,834 (120,041)
Property Taxes (199,918) (50,000) 0 (249,918)
Workers Compensation (170,000) (35,000) 0 (205,000)
----------- ------------ ---------- -----------
Total ($700,582) ($ 1,123,221) $ 995,374 ($828,429)
Wages and Salaries (760,594) (2,454,201) 2,609,495 (605,300)
----------- ------------ ---------- -----------
Grand Total ($1,461,176) ($ 3,577,422) $3,604,870 ($1,433,728)
=========== ============ ========== ===========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) Total 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $ 1,829,274 $ 1,829,274
Accounts Receivable $18,590,645 $18,119,403 $ 277,430 $ 193,813
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 5/31/2005
MONTHLY CASH STATEMENT
CASE # 04-67609
COLUMBUS FOUNDRY
--------------------------------------------------------------------------
ACCOUNT TYPE LOCKBOX 77691 DEPOSIT AP PR (HOURLY) PR (SALARY)
ACCOUNT # 269833 5401086425 2770716492 2770716484 2770716658
BANK Bank One Stan. Fed. Stan. Fed. Stan. Fed. Stan. Fed.
BEGINNING BANK BALANCE - - - - -
RECEIPTS - 11,068,006 - 376 -
TRANSFERS IN (CORPORATE) - - 3,248,595 1,828,898 419,693
DIP INFLOW - - - - -
DISBURSEMENTS - - (3,248,595) (1,829,274) (419,693)
TRANSFERS OUT (CORPORATE) - (11,068,006) - - -
DIP REPAYMENT - - - - -
------------- ----------- ------------- ---------- ---------
ENDING BANK BALANCE - - - - -
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 4,296,030
CHECKS ISSUED 2,664,799
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 2,426,258
CORPORATE DEBIT MEMOS 2,123
-------------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 9,389,210
=============
OUTSTANDING CHECKS AS OF APRIL 30 681,574
VOIDED CHECKS OUTSTANDING AS OF APRIL 30 -
CHECKS ISSUED DURING MAY 2,664,799
CHECK CLEARED DURING MAY (3,147,255)Excludes $ 78,044 of EFT's relating to sales
tax and child support and $ 23,295.45 of payroll
taxes.
-------------
OUTSTANDING CHECKS AS OF MAY 31 (SEE OUTSTANDING CHECKLIST) $ 199,117
=============
COLUMBUS FOUNDRY
CASE NO. 04-67609
AT 5/31/05
COLUMBUS FOUNDRY - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 199,117.22
Child Support & Sales Tax EFTs Adjusted in June (40,493.07)
-----------
158,624.15
Unadjusted GL Balance 158,624.15
-----------
Difference $ -
===========
COLUMBUS FOUNDRY
OUTSTANDING CHECK LIST
CASE NO. 04-67609
DATE CHECK OUTSTANDING
10/15/2004 15522 $ 308.38
10/20/2004 15599 270.84
12/2/2004 16428 270.84
3/11/2005 18449 23.95
3/25/2005 18829 35.00
5/10/2005 19706 70.00
5/17/2005 19850 3,885.00
5/17/2005 19862 1,800.00
5/17/2005 19863 119.00
5/17/2005 19867 182.50
5/17/2005 19868 785.55
5/19/2005 19923 596.25
5/19/2005 19973 11,490.00
5/19/2005 19996 5,723.10
5/19/2005 19997 214.39
5/19/2005 19999 565.00
5/19/2005 20002 260.00
5/24/2005 20120 1,153.00
5/24/2005 20121 1,536.00
5/24/2005 20127 14,560.00
5/24/2005 20129 6,271.00
5/24/2005 20130 523.00
5/24/2005 20131 2,214.90
5/24/2005 20134 2,804.00
5/24/2005 20136 1,100.00
5/24/2005 20137 6,800.86
5/24/2005 20146 37.16
5/24/2005 20147 1,200.50
5/24/2005 20148 3,265.20
5/24/2005 20149 689.72
5/24/2005 20151 775.00
5/24/2005 20152 946.80
5/24/2005 20154 4,517.94
5/24/2005 20155 1,188.48
5/24/2005 20157 182.24
5/24/2005 20159 10,512.56
5/24/2005 20160 3,654.82
5/24/2005 20163 2,061.80
5/24/2005 20164 140.00
5/24/2005 20167 6,318.00
5/24/2005 20169 435.00
5/24/2005 20174 25.71
5/24/2005 20210 30,182.72
5/26/2005 20234 205.44
5/26/2005 20235 21,106.00
5/26/2005 20236 8,010.00
5/26/2005 20237 6.47
5/26/2005 20238 400.00
5/26/2005 20239 723.10
5/26/2005 20240 38,970.00
$199,117.22
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- ----------------------------------------------------- -------------------
ABEL, JOHN N. $ 977.36
ACTIVATION, INC. 27,790.19
ADECCO EMPLOYMENT SERVICES 158.40
ADULT PROBATION OFFICE 1,935.08
ADVANCED OFFICE PRODUCT 537.81
ADVANCED TECHNOLOGIES SERVICE 100.00
AETNA US HEALTHCARE 9,847.45
AIR COMPRESSOR TECHNOLOGIES 1,986.97
AIR SPECIALIST INC -
AIRGAS DRY ICE 1,583.94
AIRGAS SOUTH INC. 405.96
ALABAMA CHILD SUPPORT PAYMENT 17,976.05
ALLEGRA PRINT & IMAGING 355.53
ALLEN RICHIE 1,340.93
ALLEN, JOHN F. 3,246.95
ALLIED MINERAL PRODUCTS INC 102,407.68
ALPHA RESOURCES INC -
AMERALLOY STEEL COPRORATION 9,309.07
AMERICAN BUSINESS FORMS -
AMERICAN COLLOID COMPANY 209,689.78
AMERICAN EYE CARE 785.75
AMERICAN FAMILY LIFE 214.39
AMERICAN TESTING LABORATORY 90.00
ANDREW S. MCCREATH AND SON INC 1,800.00
APPLIED TECHNICAL SERVICE 466.00
AQUATROL(DIV. OF MOMAR) 3,200.00
ASPEN PUBLISHERS, INC. 86.45
ASQ 119.00
ATMOS ENERGY 98,136.49
ATR INCORPORATED 2,410.00
BARBIER, MARK 784.60
BARLOWORLD HANDLING LP 17,727.24
BEARDSLEY & PIPER, LLC 1,276.00
BEARINGS & DRIVES, INC. 1,748.27
BEAUFORT COUNTY FAMILY COURT 253.08
BELL SOUTH 2,333.65
BEST COMMERCIAL CLEANING 400.00
BETTY BASS FLOWERS & GIFTS 102.72
B-H TRANSFER CO 20,015.09
BHA GROUP INC 1,600.12
BLAND FARM'S 1,536.00
BLASTCRETE EQUIPMENT COMPANY 227.38
BONNER JR., FRANK W. 854.41
BROADSPIRE SERVICES INC 23,758.70
BUCK ICE & COAL CO. 1,498.12
C.A. PICARD SURFACE ENGIN 2,250.00
CAIL TOOL & MACHINERY, INC 7,229.20
CAMERON & BARKLEY CO. 5,667.54
CARLA DEVITA REED 600.00
CARRIER VIBRATING EQUIPMENT, INC. 7,777.35
CBI LEASING INC #1 11,710.11
CECO ASSOCIATES 2,232.00
CERTIFIED LABORATORIES 265.70
CHAMPION CHISEL WORKS, INC. 5,983.73
CHAPTER 13 TRUSTEE 19,090.84
CHILD SUPPORT ENFORCEMENT, FSR 450.00
CINTAS CORP. 5,942.34
CINTAS CORPORATION 392.48
CIT TECHNOLOGY FIN SERV, INC 1,196.26
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- ----------------------------------------------------- -------------------
CLARK, ART 1,128.31
CLERK OF MUNICIPAL COURT 875.69
CLERK OF THE CIRCUIT COURT 471.28
CLIENT SERVICES ECM (FIDELITY) 105.10
COBB WIRE ROPE & SLING CO. 1,411.92
COLE-PARMER INSTRUMENT CO. 199.50
COLUMBUS FIRE & SAFETY EQUIP 595.97
COLUMBUS FOUNDRY (INCLUDES AMOUNTS PAID BY CORPORATE) 2,426,257.62
COLUMBUS INDUSTRIAL SUPPLY 1,339.94
COLUMBUS WATER WORKS 85.91
COMMERCIAL FLOORS OF COLUMBUS 1,385.50
CONSTRUCTION MANAGEMENT SERVIC 20,895.00
CONVERGED NETWORKS 565.00
CORINNE T. HURST/CIRCUIT CLERK 132.95
CURTIS REDDING 1,428.00
DANIELS, RICHARD 382.70
DAUBER COMPANY, INC. 28,080.00
DAY-TIMERS, INC. 37.44
DEFENDER SERVICES INC 15,275.36
DELAWARE SEC OF STATE 195.50
DELL RECEIVABLES L.P. 272.30
DIDION INTERNATIONAL INC 4,799.00
DISAMATIC 9,962.20
DOALL COMPANY 543.71
DYNAMIC AIR INC. 2,147.56
E COHN COMPANY, INC. 3,600.00
EAGLITE CHEMICALS 7,260.00
EARTHLINK INC 23.95
EDDIE WILLIAMS 7,128.21
EDWARD E. RIFFLE 828.07
ELECTRIC MELTING SRVCES SW INC 51,498.81
ELEVATOR SERVICE COMPANY 99.79
ELKEM METALS, INC. 115,564.56
ENTERPRISE 1,705.22
ENVIRONMENTAL RESOURCE ANALYST 523.00
ENVIRONMENTAL TECHNOLOGY CORP 48.20
ETA ENGINEERING, INC. 3,670.10
F & B AUTO ELECTRIC SERVICE 2,218.65
FARGO WEAR, INC. 1,990.80
FASTENAL 69.45
FERGUSON ENTERPRISES 11,206.72
FLETCHER OIL INC. 6,528.42
FOUNDRY SUPPLY GROUP, INC. 779.00
FREEMAN MFG. & SUPPLY CO. 1,248.95
G E CAPITAL 008 8,239.78
GA AUTOMATION CO. INC. 60.53
GARDNER, CARLTON 23.43
GEMS SENSORS DIVISION 222.45
GENERAL KINEMATICS 39,567.40
GENTRY MACHINE WORKS, INC. 26,898.66
GEORGIA POWER 610,737.88
GLENN PETRIK 479.93
GLOBAL DOSIMRY SOLUTIONS INC 118.26
GLOBE METALLURGICAL INC 291,822.30
GRAYLINK 509.69
GREENERD PRESS AND MACHINE COM 11,978.41
GWINNETT MAGISTRATE COURT 941.20
HA INTERNATIONAL LLC 25,385.05
HALL JR., GAYLON B. 137.61
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- ----------------------------------------------------- -------------------
HAMILTON STATION APTS 1,300.00
HARTLEY CONTROLS INC. 4,804.00
HASLER MAILING SYSTEMS 205.44
HERAEUS ELECTRO-NITE CO. 27,709.06
HIGGINS TECHNICAL SERVICE 1,100.00
HOUGHTON INTERNATIONAL 5,235.34
IFCO INDUSTRIAL CONTAINER SYS 1,280.79
IKON OFFICE SOLUTIONS 254.66
INDUCTOTHERM CORP. 28,191.06
INDUSTRIAL 1 SUPPLY CO. 32,357.45
INDUSTRIAL CHEMICALS 368.92
INDUSTRIAL COMBUSTION SVCE INC 4,023.40
INDUSTRIAL METAL FABRICATORS 18,240.00
INDUSTRIAL PACKAGING CORPORATI 335.01
INDUSTRIAL SORTING SERVICES, I 2,000.00
INTERNAL REVENUE SERVICE 628.00
INTERNAL REVENUE SERVICE 320.00
INTERNATIONAL TREASURER-USAW 11,673.41
INTERSTATE ELECTRICAL SUPPLY 93,068.13
JEFFERY FERGUS 182.50
JESS W. JACKSON & ASSOCIATES 64,383.60
JOE HARRILL 275.49
JOHNSON DIVERSITY/ DUBOIS 2,295.15
JOHNSTONE SUPPLY 358.61
KENT RUDBECK 8,091.69
KEVIN MARTIN 5,465.99
KNOX PEST CONTROL 108.00
KRAUTKRAMER BRANSON, INC. 4,352.06
LABCORP OF AMERICA HOLDINGS 774.00
LAEMPE + REICH CORPORATION 116.96
LAKE, STEVE 2,358.08
LAND TRANSPORTATION 158,933.60
LARPEN METALLURGIAL SERVICE 103,365.00
LATHAM TIME RECORDERS 541.04
LEADING EDGE 1,400.00
LINA 260.00
LINDE GAS LLC 5,216.70
LORAMENDI, INC 57.44
MACAWBER ENGINEERING, INC. 7,996.42
MAGISTRATE COURT OF 1,525.15
MANPOWER 646.85
MARTIN BROTHERS CONTAINERS 15,521.17
MARY COLLIER 465.33
MARYLAND WIRE BELTS, INC. 20,510.16
MAYER ELECTRIC SUPPLY COMPANY, INC. 65,000.00
MAYS, DANNY J. 47.69
MCI 955.82
MCI CONFERENCING 89.86
MCMASTER-CARR SUPPLY CO 1,103.42
METALDYNE 2,439.00
METOKOTE CORPORATION 77,231.01
MIDWEST INSTRUMENT COMPANY 1,200.50
MIKE GROVE 2,046.09
MIKE WINDISH 4,636.71
MILLER AND COMPANY LLC 102,236.09
MILLER LANDSCAPING 700.00
MODERN EQUIPMENT COMPANY 2,982.96
MORRIS MATERIAL HANDLING 47,583.14
MOTION INDUSTRIES, INC. 47,536.92
NATIONAL AFFILIATED TECHNOLOGI 2,392.50
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- ----------------------------------------------------- -------------------
NATIONAL BELT SERVICE, INC 8,323.38
NC CHILD SUPPORT CENTRALIZED 271.00
NEW ENGLAND DIGITAL COMPUTER 5,096.86
NEWCO 10,157.72
NOBLE SALES 30,182.72
NOLEN, VIVIEN H. 252.76
NORFOLK SOUTHERN CORPORATION 44,729.84
NORTHBEND PATTERN WORKS, LLC 21,106.00
NORTHSIDE FOOTBALL BOOSTERS 240.00
OAK MOUNTAIN CONSTRUCTION 11,815.00
OCCUPATIONAL MEDICINE OF 70.00
OFFICE DEPOT CREDIT PLAN 2,404.32
OHIO CSPC 532.55
OMEGA ENGINEERING,INC. 1,471.07
OMNISOURCE CORPORATION - COPPER 60,000.00
OMNISOURCE CORPORATION - STEEL 2,125,224.70
PAMELA LASHALL HOLT 600.00
PARKER HANNIFIN CORP 2,489.66
PARMER WATER COMPANY 52.89
PERFECT PATTERNS INC. 82,475.00
PHILIP SERVICES CORP 3,876.80
PIEDMONT FOUNDRY SUPPLY, INC. 10,690.76
PIEDMONT NATIONAL CORPORATION 5,807.53
PINE HOLLOW, INC. 4,517.94
PORTER WARNER INDUSTRIES 48,786.35
PRIMETRADE, INC. 876,507.36
PROVIDENT LIFE 92.09
PROVIDENT LIFE & ACCIDENT INS. 3,453.85
PRYOR GIGGEY COMPANY 2,592.00
QUALITY TEAM 1 1,968.00
RADIO WHOLESALE MARKETING 1,723.07
RAY RENTS, INC. 59.28
REAVES WRECKING 8,730.52
RED HILL GRINDING WHEEL CORP. 1,747.18
REFRACTORY SALES & SERVICE CO. 1,490.40
REYNOLDS SUPPLY CO. 5,014.71
RICHARD DANIELS 851.68
ROBERTS SINTO CORPORATION 22.95
ROBOTIC ACCESSORIES 10,985.00
RODGERS METAL CRAFT, INC. 30,541.01
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- ----------------------------------------------------- -------------------
RUSS THUROW 7,094.55
SAFETY SOUTH 13,616.76
SAFETY-KLEEN CORP. 2,754.59
SAM'S WELDING 3,440.00
SCALE SYSTEMS, INC. 1,639.20
SCORE, INC 19,202.56
SHEMWELL, DAVID 798.79
SHOES 'N COMPANY 1,664.11
SIMPSON TECHNOLOGIES 5,963.82
SMITH GRAY ELECTRIC CO., INC. 6,041.08
SMITH, MIKE 703.56
SOUTHERN STATES TOYOTALIFT 48,781.34
SPAR SPECIALTY REFRACTORIES 25,344.00
SPECIALTY FOUNDRY PRODUCT 13,341.11
STAPLES/IVAN ALLEN 117.81
STATE COLLECTION & DISBUREMENT 500.00
STATE COURT OF GWINNETT CTY 459.08
STATE OF FLORIDA DISBURSMENT 821.84
STATE OF MICHIGAN 25.00
STROMQUIST & CO., INC. 48.90
SUPREME CORES OF THE CAROLINAS 33,589.00
TECHNICAL SERVICES GROUP INC 3,350.00
THE BUSINESS RESOURCE CENTER 990.00
THE YOGURT SHOPPE CAFE 307.11
THERMO ELECTRON 573.76
TINIUS OLSEN TESTING MACH INC. 2,125.78
TOOLING & EQUIPMENT INTERNAT'L 200.00
TRANS-MAN LOGISTICS, INC. 59,704.62
TRU KUT INC 1,413.92
TSI INC 140.00
U.S. DEPT OF EDUCATION 253.32
UMETCO, INC 83,370.00
UNEEDA GLASS 124.01
UNIFRAX 14,601.60
UNIMIN CORPORATION 35,640.00
UNIQUE 64.74
UNITED RENTALS, INC. 936.96
VALUATION GROUP, THE 15,555.77
VESUVIUS U.S.A. 18,615.02
VICTORIA BODLEY 200.00
VOLVO RENTS 8,536.45
VULCAN ELECTRO COATING 31,513.39
VULCAN ENGINEERING CO. 4,570.17
WALLS, DAVID 1,888.23
WANG, JAMES 221.60
WARD, KATHY 225.77
WARD, WILLIAM H. 206.51
WARNER PAINT & DECORATING CENT 2,016.27
WARR GRADING CONTRACTOR 19,578.00
WASTE MANAGEMENT 3,487.87
WHEELABRATOR ABRASIVES, INC. 47,460.00
WHEELABRATOR INTERNATIONAL 17,594.54
WHISPERWOOD APARTMENTS 7,500.00
WILLIAM A.KIBBE & ASSOCIATES 3,030.00
WINGATE INN 93.48
YANCEY BROS. CO., 194.25
-------------------
$ 9,389,209.66
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MAY 31, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: COLUMBUS FOUNDRY, L.P. Capacity: ___ Shareholder
Case Number: 04-67609 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $ 0
Dated: JUNE 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 MAY 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67612
) Chapter 11
) Judge: Marci B. McIvor
DIVERSIFIED DIEMAKERS, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: JUNE 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 5-31-05
($000's)
CASE #04-67612
DIVERSIFIED
DIEMAKERS
-----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 7,469 59,982
Cost of Goods Sold
Materials and Freight 2,998 20,940
Wages - Hourly 1,413 10,950
Wages-Salary 162 1,222
Employee Benefits and Pension 814 6,144
Repairs & Maintenance 359 3,291
Supplies 165 985
Utilities 237 2,056
Purchased Components/Services - -
Income(loss) from Pattern Sales 108 1,540
Fixed Asset - (gain/loss) - -
MIS Expense - -
Travel & Entertainment 1 28
Other Variable Costs 475 3,844
Depreciation & Amortization 696 5,375
Other Allocated Fixed Costs 260 2,755
Other Fixed Costs 151 1,112
----- ------
Cost of Goods Sold 7,839 60,242
Gross Profit (370) (260)
Plant SG&A Expense 1 (6)
SG&A Expense - Allocation (Sched 1) 257 2,005
Other Operating Expenses - 518
----- ------
Total Operating Expenses 258 2,517
Operating Profit (628) (2,777)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (256) (1,613)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) - -
----- ------
Total Non-Operating Expenses (256) (1,613)
Income Before Income Taxes (884) (4,390)
Income Tax Expense - 41
----- ------
Net Income (884) (4,431)
===== ======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs May
(Allocation of Corporate Costs to Filing Entities)
(000's)
May
-------
Officer Compensation $ 189
Salary Expense other Employees 897
Employee Benefits and Pension 107
Payroll Taxes 57
Other Taxes 0
Rent and Lease Expense 185
Interest Expense
Insurance 62
Automobile and Truck Expense 10
Utilities(Gas Electric,Phone) 40
Depreciation 87
Travel and Entertainment 82
Repairs and Maintenance 45
Advertising/Promotion 0
Supplies, Office Expense 41
OTHER:
Contributions 2
Professional Fees - Audit/Tax 350
Bank Fees 31
Public Reporting Fees 15
Employee Relocation/Training 7
Data Processing 27
Dues and Subscriptions 12
Outside Services 92
Project Development Costs net of Billings 11
Director Fees 25
Miscellaneous 2
Legal Fees 157
Cost Allocation - Europe (78)
Cost Allocation - Out (175)
-------
$ 2,280
=======
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 627
-------
Total $ 2,280
=======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 5-31-05
($000's)
CASE #04-67612
--------------
DIVERSIFIED
DIEMAKERS
---------
Cash And Equivalents $ 23
Accounts Receivable 11,790
Short-Term Intercompany Receivables 39
Inventories 14,511
Other Current Assets 1,581
---------
TOTAL CURRENT ASSETS 27,944
Land and Buildings 16,395
Machinery & Equipment 57,719
Construction In Progress 985
---------
Total Fixed Assets 75,099
Accumulated Depreciation (44,492)
---------
NET FIXED ASSETS 30,607
Investment In Subsidiaries -
Investment In European Operations -
Long-Term Intercompany Receivables 41,446
Deferred Taxes, Long-Term Asset -
Other Assets -
---------
TOTAL ASSETS $ 99,997
=========
Liabilities and Shareholder Equity
POST PETITION LIABILITIES
Accounts Payable $ 1,149
Wages and Salaries (See schedule) 397
Taxes Payable - (See schedule) 489
---------
TOTAL POST PETITION LIABILITIES 2,035
SECURED LIABILITIES:
Secured Debt -
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes -
Accrued Tax - State -
Accrued Property Taxes -
Accrued Workers Comp. 1,201
Accrued Payroll -
Accrued Payroll Taxes -
---------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 1,201
UNSECURED LIABILITIES
Accounts Payable 6,277
Senior & IDR Bonds -
---------
TOTAL UNSECURED LIABILITIES 6,277
OTHER LIABILITIES
Accrued Liabilities 3,763
Short-Term Intercompany Payables 100
Retirement Benefits 1,122
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities 1,125
Long-Term Intercompany Payables -
Minority Interest -
---------
TOTAL LIABILITIES 15,623
Common Stock -
Capital In Excess Of Par Value 110,000
Retained Earnings - Prepetition (21,195)
Retained Earnings - Post Petition (4,431)
Equity In European Operations
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
---------
TOTAL SHAREHOLDER EQUITY 84,374
---------
TOTAL LIABILITIES AND EQUITY $ 99,997
=========
PERIOD ENDED: 05-31-05 DIVERSIFIED DIEMAKERS, INC. CASE #04-67612
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
04/30/05 Withheld Deposits 05-31-05
-------- -------- -------- --------
Income tax withheld: Federal ($ 34,046) ($ 166,444) $ 159,312 ($ 41,178)
Income tax withheld: State (10,643) (52,390) 50,164 (12,870)
Income tax withheld: Local 0 0 0 0
FICA Withheld (26,731) (133,988) 126,542 (34,176)
Employers FICA (26,731) (133,988) 126,543 (34,176)
Unemployment Tax: Federal (1,157) (3,885) 4,196 (846)
Unemployment Tax: State (4,628) (15,539) 16,784 (3,384)
All Other Payroll W/H (63,436) (172,414) 158,482 (77,368)
State Taxes: Inc./Sales/Use/Excise (1,663) (9,990) 3,927 (7,726)
Property Taxes (162,727) (38,289) 0 (201,015)
Workers Compensation (250,173) 157,864 15,817 (76,492)
---------- ------------ ---------- ----------
Total ($ 581,934) ($ 569,062) $ 661,766 ($ 489,230)
Wages and Salaries (248,831) (1,282,864) 1,134,344 (397,351)
---------- ------------ ---------- ----------
Grand Total ($ 830,766) ($ 1,851,926) $1,796,110 ($ 886,582)
========== ============ ========== ==========
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 $ 1,148,686 $ 1,112,310 $ 38,491 ($ 2,116)
Accounts Receivable $13,642,157 $10,477,955 $473,130 $2,691,072
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS: MONTHLY CASH STATEMENT
MONTH ENDED 5/31/2005
CASE # 04-67612
DIVERSIFIED DIE MAKERS (MONROE)
-------------------------------
ACCOUNT TYPE LOCKBOX LOCKBOX 672976 DEPOSIT AP AP CHECKING CHECKING
ACCOUNT # 5402530991 1851811313 3473589977 2770721732 2176982854 5045182027 5970758593
BANK Stan Fed Comerica Bank of America Stan Fed Comerica Bank of America UMB Bank
BEGINNING BANK BALANCE - - (791) - - 21,526 439
RECEIPTS 8,234,516 532,827 - - - - 167
TRANSFERS IN (CORPORATE) - - 791 1,335,129 590 - -
DIP INFLOW - - - - - - -
DISBURSEMENTS - - (727) (1,335,129) (590) - (12)
TRANSFERS OUT (CORPORATE) (8,234,516) (532,827) - - - - -
DIP REPAYMENT - - - - - - -
---------- -------- ---- ----------- --- ------ ---
ENDING BANK BALANCE - - (727) - - 21,526 594
CASE # 04-67612
DIVERSIFIED DIE MAKERS (MONROE)
-------------------------------
ACCOUNT TYPE PR PR
ACCOUNT # 2770721740 2176983043
BANK Stan Fed Comerica
BEGINNING BANK BALANCE - -
RECEIPTS - -
TRANSFERS IN (CORPORATE) 934,084 1,189
DIP INFLOW - -
DISBURSEMENTS (934,084) (1,189)
TRANSFERS OUT (CORPORATE) - -
DIP REPAYMENT - -
-------- ------
ENDING BANK BALANCE - -
MATERIALS & OTHER DISBURSEMENTS
PAID FOR BY CORPORATE 3,684,977
CHECKS ISSUED 1,508,108
PAYROLL DISBURSED (INCLUDES
PAYROLL PAID BY CORPORATE) 1,909,732
CORPORATE DEBIT MEMOS 16,010
-----------
TOTAL DISBURSEMENTS (SEE TOTAL
DISBURSEMENTS RECONCILIATION) $ 7,118,828
===========
OUTSTANDING CHECKS AS OF APRIL 30 213,010
VOIDED CHECKS OUTSTANDING AS
OF APRIL 30 (278)
CHECKS ISSUED DURING MAY 1,508,108
CHECK CLEARED DURING MAY (1,335,719)Includes checks clearing from Comerica
above.
-----------
OUTSTANDING CHECKS AS OF MAY 31
(SEE OUTSTANDING CHECKLIST) $ 385,121
===========
DIVERSIFIED DIEMAKERS, INC.
CASE NO. 04-67612
AT 5/31/05
MONROE - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding AP Checks 385,120.56
Unadjusted GL Balance 385,120.56
-------------
Difference $ -
=============
DIVERSIFIED DIEMAKERS, INC.
CASE NO. 04-67612
MONROE
OUTSTANDING CHECKS
CASE NO. 04-67612
DATE CHECK OUTSTANDING
---- ----- -----------
10/5/2004 337183 $ 45.00
11/5/2004 337674 35.76
11/5/2004 337705 5.00
11/11/2004 337789 158.49
11/16/2004 337916 341.24
11/17/2004 337930 454.88
12/29/2004 338726 821.25
1/6/2005 338925 33.57
4/22/2005 400614 22.36
5/6/2005 400802 45.00
5/6/2005 400911 19,531.40
5/10/2005 400960 54.34
5/13/2005 400979 29,360.80
5/13/2005 401047 224.72
5/13/2005 401048 197.37
5/13/2005 401049 62.74
5/13/2005 401050 21.29
5/13/2005 401051 82.76
5/13/2005 401052 549.34
5/13/2005 401066 2,933.80
5/13/2005 401094 15.00
5/18/2005 401110 89.66
5/18/2005 401111 287.53
5/20/2005 401121 3,267.00
5/20/2005 401122 219.65
5/20/2005 401132 407.03
5/20/2005 401134 18.85
5/20/2005 401138 130.95
5/20/2005 401141 15.00
5/20/2005 401155 98.42
5/20/2005 401178 18.72
5/20/2005 401180 50.50
5/20/2005 401181 17.96
5/20/2005 401185 52.81
5/20/2005 401189 289.14
5/20/2005 401202 60.68
5/20/2005 401205 55.75
5/20/2005 401206 267.17
5/20/2005 401207 116.44
5/20/2005 401208 198.26
5/20/2005 401209 157.72
5/20/2005 401210 211.92
5/20/2005 401216 600.00
5/20/2005 401221 166.02
5/20/2005 401227 1,029.55
5/20/2005 401234 513.00
5/20/2005 401244 260.00
5/20/2005 401251 104.00
5/23/2005 401252 9,036.47
5/24/2005 401255 390.00
5/25/2005 401257 1,126.56
5/25/2005 401259 12,575.10
5/26/2005 401260 414.00
5/27/2005 401265 26,452.00
5/27/2005 401266 3,347.88
5/27/2005 401267 608.56
5/27/2005 401268 2,407.40
5/27/2005 401269 2,950.00
5/27/2005 401270 24,716.52
5/27/2005 401271 18,044.00
5/27/2005 401273 2,148.01
5/27/2005 401274 189.29
5/27/2005 401275 1,683.22
5/27/2005 401276 559.97
5/27/2005 401277 466.20
5/27/2005 401278 132.47
5/27/2005 401279 146.00
5/27/2005 401280 821.25
5/27/2005 401281 223.68
5/27/2005 401282 5,284.87
5/27/2005 401284 1,633.15
5/27/2005 401285 512.17
5/27/2005 401286 180.00
5/27/2005 401287 2,795.08
5/27/2005 401288 585.00
5/27/2005 401290 370.00
5/27/2005 401291 348.40
5/27/2005 401292 20.87
5/27/2005 401293 149.28
5/27/2005 401294 75.00
5/27/2005 401295 204.00
5/27/2005 401296 1,491.78
5/27/2005 401297 46.32
5/27/2005 401298 332.18
5/27/2005 401299 14,403.00
5/27/2005 401300 43.80
5/27/2005 401301 711.42
5/27/2005 401304 338.56
5/27/2005 401305 108.10
5/27/2005 401306 9,165.16
5/27/2005 401307 113.16
5/27/2005 401308 556.25
5/27/2005 401309 1,856.00
5/27/2005 401310 107.40
5/27/2005 401311 34.97
5/27/2005 401313 4,059.20
5/27/2005 401314 4,491.04
5/27/2005 401315 425.00
5/27/2005 401316 67.16
5/27/2005 401317 300.00
5/27/2005 401318 448.42
5/27/2005 401319 750.00
5/27/2005 401320 270.00
5/27/2005 401321 620.00
5/27/2005 401322 51.10
5/27/2005 401323 370.98
5/27/2005 401324 3,796.65
5/27/2005 401326 3,716.57
5/27/2005 401327 1,510.91
5/27/2005 401328 29.57
5/27/2005 401329 87.06
5/27/2005 401330 2,000.00
5/27/2005 401331 6,818.64
5/27/2005 401332 5,754.65
5/27/2005 401333 72.96
5/27/2005 401334 2,981.23
5/27/2005 401335 80.62
5/27/2005 401336 39.13
5/27/2005 401337 15.00
5/27/2005 401338 120.95
5/27/2005 401339 5,700.00
5/27/2005 401340 630.00
5/27/2005 401341 310.59
5/27/2005 401343 161.57
5/27/2005 401344 1,742.22
5/27/2005 401345 103.33
5/27/2005 401347 152.00
5/27/2005 401348 2,416.24
5/27/2005 401349 24.00
5/27/2005 401350 72.62
5/27/2005 401351 656.70
5/27/2005 401352 690.00
5/27/2005 401353 544.04
5/27/2005 401354 36.75
5/27/2005 401355 19,957.60
5/27/2005 401356 99.87
5/27/2005 401357 2,664.99
5/27/2005 401358 788.15
5/27/2005 401359 75.32
5/27/2005 401360 211.22
5/27/2005 401361 209.11
5/27/2005 401362 252.57
5/27/2005 401363 52.92
5/27/2005 401364 136.00
5/27/2005 401365 607.92
5/27/2005 401366 540.74
5/27/2005 401367 60.00
5/27/2005 401368 2,002.00
5/27/2005 401369 123.61
5/27/2005 401370 140.00
5/27/2005 401371 485.07
5/27/2005 401372 126.45
5/27/2005 401373 2,908.00
5/27/2005 401374 1,166.67
5/27/2005 401375 325.00
5/27/2005 401376 2,774.00
5/27/2005 401377 3,500.00
5/27/2005 401378 15,940.80
5/27/2005 401379 1,793.85
5/27/2005 401380 774.88
5/27/2005 401381 88.33
5/27/2005 401382 287.93
5/27/2005 401383 657.00
5/27/2005 401384 212.52
5/27/2005 401385 1,534.00
5/27/2005 401386 517.83
5/27/2005 401387 610.52
5/27/2005 401389 384.00
5/27/2005 401390 648.48
5/27/2005 401392 63.75
5/27/2005 401393 120.60
5/27/2005 401394 281.26
5/27/2005 401395 130.95
5/27/2005 401396 4,897.20
5/27/2005 401397 188.94
5/27/2005 401398 70.00
5/27/2005 401399 80.00
5/27/2005 401400 7,778.00
5/27/2005 401401 1,782.70
5/27/2005 401402 359.34
5/27/2005 401403 566.55
5/27/2005 401404 1,078.21
5/27/2005 401405 795.00
5/27/2005 401406 83.55
5/27/2005 401407 49.23
5/27/2005 401408 3,030.00
5/27/2005 401409 432.82
5/27/2005 401410 11,250.00
5/27/2005 401411 188.50
5/27/2005 401412 3,972.31
5/27/2005 401413 60.00
5/27/2005 401414 3,000.00
5/27/2005 401415 744.65
5/27/2005 401416 100.80
5/27/2005 401417 100.00
5/27/2005 401418 779.60
5/31/2005 401419 544.00
5/31/2005 401420 12,177.83
5/31/2005 401421 134.90
5/31/2005 401422 177.68
5/31/2005 401423 1,380.00
5/31/2005 401424 343.60
$ 385,120.56
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
A & S PRINTING SERVICE $ 12,559.23
A. RAYMOND INC 1,521.40
ABB INC. 3,266.00
ABBOTT SUPPLY LLC 2,407.40
ABEL OIL CO 680.05
ABRASIVE MATERIALS, LLC 2,950.00
ACE INSURANCE 15,816.51
ACHESON COLLOIDS COMPANY 3,510.05
ADECCO EMPLOYMENT SERVICES 100,194.30
ADRIAN SAUNDERS 45.00
AIR PRODUCTS & CHEMICALS, I 40,599.00
AIR SPECIALISTS, INC. 309.75
ALAN T. LYNN, INC. 1,035.00
ALCOA INC. 9,920.00
ALLEGHENY COATINGS 814.85
ALRO MASCO ST. LOUIS 747.61
ALTORFER MACHINERY COMPANY 961.46
AMBROSE HAYS 18.75
AMERICAN SOCIETY FOR QUALIT 119.00
AMERICAN TANK & FABRICATING CO 26,452.00
AMI PIPE AND SUPPLY CO. 3,251.82
APPLEBEE TREE FLOWERS & GIFTS 189.29
ASHBY CROSS COMPANY, INC 54.34
AT&T 44.99
AT&T 99.03
ATMOS ENERGY 3,734.24
AUTOMOTIVE NEWS 145.00
AUTOWEB COMMUNICATIONS INC 2,090.02
AWERKAMP MACHINE CO. 3,259.97
BANK OF AMERICA 7,043.03
BANNER MACHINE TOOL&SUPPLY CO 1,144.46
BARRY SALES ENGINEERING 104.00
BATES SALES COMPANY 39.30
BAX GLOBAL 3,060.11
BDC, INC. 8,225.93
BENT TUBE, INC. 960.90
BFI QUINCY 2,221.64
BIJUR LUBRICATING CORPORATION 795.00
BILL FEITH 132.47
BLEIGH READY MIX CO. 823.68
BODLE DIAMOND INDUSTRIES 146.00
BOULEVARD PROPERTIESM, LLC. 821.25
BUCKMAN'S CONVENIENCE STORE 1,388.79
BUEHLER LTD. 140.09
BURST MACHINERY COMPANY 8,708.15
C&R MARKET - MONROE CITY 22.80
C. J. SMITH MACHINERY CO. 434.60
CALIFORNIA INDUSTRIAL PRODUCTS 17,266.84
CAMCAR TEXTRON 25,169.63
CANFIELD & JOSEPH, INC. 549.00
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
CAPE ELECTRICAL SUPPLY, INC. 6,908.68
CAROLYN A. GRAINGER 9,203.70
CASTING EQUIPMENT & SUPPLY 922.38
CASTOOL TOOLING SOLUTIONS 450.00
CATHERINE HIRNER 180.00
CECELIA WILLIAMS 130.95
CENTRAL WELDING SUPPLIES, INC. 20,366.56
CENTURYTEL 3,930.66
CHARLES KING 30.00
CHARLIE SMOOT (EMPLOYEE) 172.74
CHEMTREC REGISTRATION 585.00
CHEM-TREND INCORPORATED 13,956.21
CHINN ENTERPRISES, LLC 20,136.00
CHRIS CURTIS 92.00
CHRISTY REFRACTORIES COMPANY 2,554.24
CITY OF MONROE CITY 119,348.54
CITY OF SHELBINA 209.45
CLEM JAMES 189.00
CMS COMMUNICATIONS, INC. 164.13
CMW INC. 704.61
CONCEPT PACKAGING GROUP 740.00
CONNIE BARNARD (EMPLOYEE) 348.40
CONNIE MCGLASSON 20.87
CONTROL-AIR, INC. 2,148.66
COPPER & BRASS SALES 205.17
CORROSION PRODUCTS INC. 35.75
CRADDOCK FINISHING CORP 560.00
CRAIG ALLEN 75.00
CRESCENT ELECTRIC SUPPLY CO 1,231.10
CREST PRODUCTS INC 8,548.00
CROWN LINEN SERVICE, INC. 3,586.07
DAN FOSTER (EMPLOYEE) 46.32
DANA CORPORATION 152,064.00
DANIEL SKAGGS 332.18
DAVID SMITH 131.12
DAVIS TOOL & DIE 81,881.00
DCT INDUSTRIAL SUPPLY 122.60
DEAD SEA MAGNESIUM LTD 844,757.39
DEBBIE LEWIS 59.25
DELL MARKETING L.P. 1,310.75
DENNIS GREEVES 15.00
DENNY MOSS 137.44
DIEMER & ASSOCIATES 1,991.63
DISA GOFF, INC. 711.42
DISCOUNT BATTERY SALES 539.70
D-M-E 1,786.60
DOALL COMPANY 162.82
DOMINO AMJET INC 74.62
DON HAYS (EMPLOYEE) 313.86
DONNA SMITH 130.95
DRUMTECH 1,380.00
DUNN SPECIALTY STEELS INC 779.60
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
DYNACAST CANADA INC. 2,675.64
DYNAMIC MACHINE TOOL, LTD 338.56
EASTERN ALLOYS 285,485.48
E-JAY THERMO PRODUCTS, INC. 161.28
ELECTRICAL SOUTH LP 53.03
EMED COMPANY, INC. 151.68
ENGINEERED LUBRICANTS CO. 15,818.60
ENGINEERED PRODUCTS 3,406.52
ENGINEERED SALES 113.16
ENPRO INC. 164.12
ETW INC 782.00
EXECUTIVE SOFTWARE INTL INC 556.25
FALCON TOOL CO., INC. 36.57
FANUC ROBOTICS NORTH AMERICA 1,856.00
FARRER PUMP & MACHINERY CO. 138.90
FASTENAL COMPANY 1,235.49
FEDEX 173.13
FLO-PRODUCTS COMPANY 182.86
FRANK FLORI EQUIPMENT CO. 181.97
FRENCH GERLEMAN ELECTRIC CO. 9,530.87
FREUDENBERG - NOK 12,609.44
G.H. TOOL & MOLD 8,100.00
G.S. ROBINS AND COMPANY 847.89
GALLAGHER BENEFIT SERVICES 425.00
GARFIELD ALLOYS, INC. 23,760.00
GARY YAGER 354.08
GASKET & SEAL FABRIC. INC. 345.84
GATEWAY METALS INC. 18,344.89
GATEWAY PHARMACY 67.16
GDC, INC. 3,140.64
GENERAL VETERINARY CLINIC 3.18
GEO. C. POTTERFIELD TRUCKING 300.00
GETZ FIRE EQUIPMENT CO. 4,615.84
GLOBAL PRINTER SERVICES 292.00
GRAINGER 10,093.25
GREG COOPER 48.75
GULLY TRANSPORATION 750.00
HANNIBAL BOARD OF PUBLIC WORKS 30,450.29
HANNIBAL CLINIC INC 50.00
HANNIBAL REGIONAL HOSPITAL 1,070.00
HAROLD BAKER JR 51.10
HEIMER CONSTRUCTION 1,280.00
HEINTZ ELECTRIC COMPANY 2,761.15
HELCO PRECISION TOOLS & GAGES 173.60
HELM INSTRUMENT CO. INC. 324.65
HENKEL LOCTITE CORPORATION 590.92
HILLYARD FLOOR CARE SUPPLY 4,123.94
HITECH AUTOMATION, INC. 2,735.16
HTE TECHNOLOGIES 16,240.88
ICONNECT 100.80
IDG USA, LLC 13,324.69
IDRAPRINCE, INC. 1,837.71
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
IFM EFECTOR INC 87.06
ILLINI ENVIRONMENTAL INC. 10,000.00
INDUSTRIAL CONTROL REPAIR,INC. 128.50
INDUSTRIAL FINISHING SERVICES 31,705.63
INDUSTRIAL PROCESS EQUIP GROUP 5,863.98
INDUSTRIAL STRAINER COMPANY 1,741.32
INDUSTRIAL TECHNOLOGIES, INC. 470.27
INSIGHT/HARDDRIVES INT'L. 694.81
INTEGRATED QUALITY SOLUTIONS 840.72
IOWA MACHINERY & SUPPLY 218.63
JACKSON BROS-HEARTLAND 2,981.23
JASON STARK (EMPLOYEE) 18.72
JOE MC CLURE (EMPLOYEE) 80.62
JOHN BOHER 40.45
JOHN HENRY FOSTER CO. 699.06
JOHN HOLDER 30.00
JOHN SAKACH CO OF ST. LOUIS 546.63
JOSEPH TAUSER & ASSOCIATES INC 206.49
K. P. WESSELING & CO., INC. 158.75
KEITH BROWN 75.00
KEITH SCHNELLE 120.95
KENNY'S SERVICE CENTER 50.14
KEVIN BICHSEL (EMPLOYEE) 50.50
KEVIN PETERS (EMPLOYEE) 17.96
KEYENCE CORP OF AMERICA 192.00
KIM BLACKFORD 183.07
KONIECZNY TOOL & DIE 34,000.00
L.N. BROSS 5,042.10
LAB SAFETY SUPPLY 52.81
LACQUEMENT SCALE & EQUIP. CO. 630.00
LEE HORNEYER COMPANY 344.42
LENZKES CLAMPING TOOLS 195.31
LEO O'LAUGHLIN, INC. 2,600.00
LIEBEL & MERLE SALES 560.48
LISA MARTIN (EMPLOYEE) 214.35
LOWRY COMPUTER PRODUCTS INC 554.60
LUBY EQUIPMENT SERVICES 4,024.50
MAGNEFORCE INC. 392.47
MAGRETECH 57,540.00
MANPOWER 2,839.03
MANPOWER OF LANSING 1,036.44
MARK FRANKENBACH 152.00
MARK TWAIN SUPPLY CO. 5,983.39
MARTIN'S TRUE VALUE HARDWARE 679.37
MARVEL ENGINEERING COMPANY 357.76
MARY PUROL (EMPLOOYEE) 84.00
MATHEW DAVISON 72.62
MAZAK CORPORATION MIDWEST 286.10
MC MACHINERY SYSTEMS, INC. 212.25
MCMASTER-CARR SUPPLY COMPANY 1,857.47
MERKEL ROLL-OFF CONTAINER 690.00
MERRICK MACHINERY CO. 1,774.36
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
METAMAG INC. 5,595.00
MEYLAN CORPORATION 239.50
MFA OIL CO. 3,349.70
MID-AMERICAN PROD. INC 44,200.31
MIDLAND INDUSTRIES, INC. 58,832.29
MIDWEST RENTAL &PARTY SUPPLIES 363.24
MISSOURI AIR POLLUTION 100.00
MISSOURI DEPARTMENT OF REVENUE 28.75
MOHLER MATERIAL HANDLING, I 313.00
MONROE AUTO PARTS 94.27
MONROE CITY SHELTER WORK SHOP 17,182.62
MONROE PAYROLL (INCLUDES AMOUNTS
DISBURSED BY CORPORATE) 1,909,731.88
MONROE TIRE & BATTERY 60.68
MOTION INDUSTRIES, INC 7,330.52
MOYERS SERVICE CENTER & 1,318.91
MSC INDUSTRIAL SUPPLY CO. 5,546.68
MUNICIPAL TOOL & MACHINERY CO 252.57
MVI, INC. 150.05
NALCO COMPANY 3,548.10
NATIONAL FILTER MEDIA CORP. 632.72
NATIONAL KARD 239.25
NATIONAL X-RAY CORP 390.00
NEFF POWER INC. 3,906.41
NEW PIG CORPORATION 607.92
NEWARK INONE 447.42
NORSK HYDRO CANADA INC 661,122.10
NORTHEAST MO MACHINE & PATTERN 396.00
O.K. FASTENERS INC 2,741.63
OMEGA ENGINEERING, INC. 540.74
ONEOK ENERGY MARKETING COMPANY 47,451.57
OVERHEAD DOOR CO. OF QUINCY 568.08
PALMYRA BOARD OF PUBLIC WORKS 55,616.54
PAM BOOTH (EMPLOYEE) 60.00
PAPPAS STAINLESS & ALLOY, INC. 2,002.00
PAT KENDRICK (EMPLOYEE) 59.25
PATRICIA ROSSER 123.61
PAULO PRODUCTS CO. 1,102.20
PDC LABORATORIES, IN 140.00
PERRY MACHINE AND DIE INC. 48,892.20
PETE PARIS CHEVROLET, INC. 485.07
PHELPS ASSOCIATES, INC. 263.69
PHYLLIS SMITH 126.45
PRECISION TOOL COMPANY 2,595.91
PRODUCT ACTION INTERNATIONA 3,622.03
PROVIDENT LIFE 123.96
PRUDENTIAL INSURANCE 12,975.10
PSYCHEMEDICS CORPORATION 2,908.00
QSR GROUP, INC. 1,166.67
QUALITY SYSTEMS TECHNOLOGIE 925.00
QWEST COMMUNICATIONS 833.56
R.L. HOENER COMPANY 239.76
RADCO INDUSTRIES 3,233.00
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
RADLEY CORPORATION 2,774.00
RAMAIR 481.18
RAPID FORMS 209.44
RAY MCCURDY 10.88
RAYMOND J. QUINLAND - LANDLORD 3,500.00
REMACOR, INC. 12,575.10
RES MANUFACTURING COMPANY 31,881.60
RICE CLINIC 50.00
RICHARD GREENE CO. 275.13
RICHARDS ELECTRIC MOTOR CO. 4,025.75
RIMROCK 3,874.70
ROBERTS LOADING DOCK & EQUIP. 88.33
ROBOHAND, INC 287.93
ROCHESTER TOOL & CUTTER 1,492.25
ROTOLITE OF ST.LOUIS INC 523.74
RTD OFFICE PRODUCTS 1,886.26
RUDOLPH BROS & CO 1,373.10
SAFETY-KLEEN SYSTEMS 517.83
SBC 5,182.22
SCOTT SPECIAL TOOLS, INC. 5,853.83
SCOTT WILLIAMS (EMPLOYEE) 360.77
SEMBLEX CORP. 6,261.00
SEMCO, INC. 4,290.25
SHANNAHAN CRANE & HOIST, INC. 263.92
SHARP BROS. INC 1,212.60
SHERMAN 3,255.00
SHERYL HAYS (EMPLOYEE) 577.02
SLOAN INDUSTRIES INC 7,809.00
SMITH CENTRAL SUPPLY INC. 146.27
SNAP-ON TOOLS 56.45
SNELLING 10281 2,982.00
SOUTHWEST PUMPS & FILTERS, INC 6,634.82
SPAN AMERICA, INC. 1,029.55
SPAN DE MEXICO 350.00
SPAN MANUFACTURING 1,455.00
SPARTAN LIGHT METAL 46,864.20
SPECTRA COMMUNICATIONS GROUP 344.87
SPECTRO ALLOYS CORP 210,220.06
SPECTRONICS 2,417.15
SPHERION CORPORATION 2,045.12
SPINCRAFT 688.51
SPRINT 5,786.56
SRI 11,237.13
ST. LOUIS BOILER SUPPLY 343.88
STATE OF MICHIGAN 25.00
STERLING COMMERCE-NETWORK 808.86
STERLING, INC. 177.44
STEVE CHOU 15.00
SUNNEN PRODUCTS COMPANY 120.60
SUNSOURCE 2,846.25
SUPPLIER DEVELOPMENT INC 2,673.00
SUSAN FEITH 130.95
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
SYMMCO, INCORPORATED 41,741.38
T.F. EHRHART COMPANY 553.48
TAPESWITCH CORP OF AMERICA 233.53
TAYLOR CONTROLS, INC. 188.94
TDC FILTER MANUFACTURING, INC. 1,919.38
TECHMIRE USA 1,236.00
TECHNA TOOL & MACHINE CO INC. 2,414.34
TELESIS TECHNOLOGIES INC 8,444.91
TEMTRON, INC. 207.65
TENNANT 255.45
THE LAKE GAZETTE 80.00
THE LEE CO. 343.60
THE ST. LOUIS DISTRIBUTION 10,463.50
THE SU-DAN COMPANY 1,782.70
THREE BOND INTERNATIONAL INC. 5,292.00
TIC-MS, INC. 258.00
TIMKEN US CORPORATION 28,056.08
TINNERMAN PALNUT ENGINEERED 15,871.83
TOM DEITZMAN (EMPLOYEE) 30.00
TOOLING ASSOCIATES 857.41
TOYOTA TSUSHO AMERICA INC 51,853.31
TRANSDUCER TECHNIQUES INC. 566.55
TRANSMAN LOGISTICS 67,396.38
U.S. MAGNESIUM, LLC 1,173,320.73
U.S. POSTAL SERVICE 636.00
UGS 1,527.39
UNISOURCE WORLDWIDE INC. 58,004.51
UNITED ROBOTICS, INC. 795.00
VAC-U-MAX 295.60
VIATRAN CORPORATION 528.46
VICTORY PACKAGING 13,527.31
VISI-TRAK WORLDWIDE, LLC 13,563.31
VONTHUN POWERWASHING 4,425.00
WALMART 260.00
WALTER THROWAL 188.50
WESTHOFF 26.47
WHITLAM LABEL CO. 324.00
WIESE PLANNING & ENGINEERING 5,765.68
WILLIAM A KIBBE & ASSOCIATES 315.00
WILLIAMS EQUIPMENT & ELECTRIC 286.51
WINK'S LAWN SERVICE 3,000.00
WISE EL SANTO CO., INC. 2,565.27
YELLOW FREIGHT SYSTEM, INC. 270.11
--------------
$ 7,118,827.81
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MAY 31, 2005
The following information is to be provided for each shareholder,
officer, director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: DIVERSIFIED DIEMAKERS, INC. Capacity: ___ Shareholder
Case Number: 04-67612 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $0
Dated: JUNE 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 MAY 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67600
) Chapter 11
) Judge: Marci B. McIvor
GANTON TECHNOLOGIES, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting
of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: JUNE 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 5-31-05
($000's)
CASE #04-67600
GANTON
TECHNOLOGIES
-----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 2,250 47,202
Cost of Goods Sold
Materials and Freight 658 12,257
Wages - Hourly 440 10,781
Wages-Salary 362 4,092
Employee Benefits and Pension 852 8,942
Repairs & Maintenance 158 1,002
Supplies 121 2,319
Utilities 159 2,872
Purchased Components/Services 219 5,657
Income(loss) from Pattern Sales 44 (138)
Fixed Asset - (gain/loss) - -
MIS Expense 12 71
Travel & Entertainment 19 128
Other Variable Costs 244 3,022
Depreciation & Amortization 231 2,049
Other Allocated Fixed Costs - -
Other Fixed Costs 150 1,685
------ -------
Cost of Goods Sold 3,669 54,739
Gross Profit (1,419) (7,537)
Plant SG&A Expense 20 176
SG&A Expense - Allocation (Sched 1) 168 1,308
Other Operating Expenses 234 10,212
------ -------
Total Operating Expenses 422 11,696
Operating Profit (1,841) (19,233)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (95) (795)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) - -
------ -------
Total Non-Operating Expenses (95) (795)
Income Before Income Taxes (1,936) (20,028)
Income Tax Expense 14 96
------ -------
Net Income (1,950) (20,124)
====== =======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs May
(Allocation of Corporate Costs to Filing Entities)
(000's)
May
-------
Officer Compensation $ 189
Salary Expense other Employees 897
Employee Benefits and Pension 107
Payroll Taxes 57
Other Taxes 0
Rent and Lease Expense 185
Interest Expense
Insurance 62
Automobile and Truck Expense 10
Utilities(Gas Electric,Phone) 40
Depreciation 87
Travel and Entertainment 82
Repairs and Maintenance 45
Advertising/Promotion 0
Supplies, Office Expense 41
OTHER:
Contributions 2
Professional Fees - Audit/Tax 350
Bank Fees 31
Public Reporting Fees 15
Employee Relocation/Training 7
Data Processing 27
Dues and Subscriptions 12
Outside Services 92
Project Development Costs net of Billings 11
Director Fees 25
Miscellaneous 2
Legal Fees 157
Cost Allocation - Europe (78)
Cost Allocation - Out (175)
-------
$ 2,280
=======
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 627
-------
Total $ 2,280
=======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 5-31-05
($000's)
CASE #04-67600
--------------
GANTON
TECHNOLOGIES
Cash And Equivalents $ 1
Accounts Receivable 4,048
Short-Term Intercompany Receivables 1,117
Inventories 4,446
Other Current Assets 1,007
---------
TOTAL CURRENT ASSETS 10,619
Land and Buildings 12,390
Machinery & Equipment 34,063
Construction In Progress 1,818
---------
Total Fixed Assets 48,271
Accumulated Depreciation (30,906)
---------
NET FIXED ASSETS 17,365
Investment In Subsidiaries -
Investment In European Operations -
Long-Term Intercompany Receivables 9,801
Deferred Taxes, Long-Term Asset -
Other Assets 30
---------
TOTAL ASSETS $ 37,815
=========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 1,368
Wages and Salaries (See schedule) 119
Taxes Payable - (See schedule) 182
---------
TOTAL POST PETITION LIABILITIES 1,669
SECURED LIABILITIES:
SECURED DEBT -
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes -
Accrued Tax - State 7
Accrued Property Taxes -
Accrued Workers Comp. 1,074
Accrued Payroll -
Accrued Payroll Taxes -
---------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 1,081
UNSECURED LIABILITIES
Accounts Payable 9,632
Senior & IDR Bonds -
---------
TOTAL UNSECURED LIABILITIES 9,632
OTHER LIABILITIES
Accrued Liabilities 1,781
Short-Term Intercompany Payables 583
Retirement Benefits 1,781
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities -
Long-Term Intercompany Payables 5,991
Minority Interest -
---------
TOTAL LIABILITIES 22,518
Common Stock -
Capital In Excess Of Par Value 160,000
Retained Earnings - Prepetition (124,579)
Retained Earnings - Post Petition (20,124)
Equity In European Operations
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
---------
TOTAL SHAREHOLDER EQUITY 15,297
---------
TOTAL LIABILITIES AND EQUITY $ 37,815
=========
PERIOD ENDED: 05/31/05 GANTON TECHNOLOGIES (RACINE) CASE #04-67600
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
4/30/2005 Withheld Deposits 5/31/2005
--------- --------- ---------- ---------
Income tax withheld: Federal $ 0 ($ 81,956) $ 81,956 $ 0
Income tax withheld: State 0 (37,101) 37,101 0
Income tax withheld: Local 0 0 0 0
FICA Withheld 0 (51,392) 51,392 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 905 (8,787) 667 (7,215)
Property Taxes (49,834) (12,501) 0 (62,335)
Workers Compensation (75,767) (100,000) 142,475 (33,292)
---------- --------- --------- ---------
Total ($ 124,697) ($291,738) $ 313,593 ($102,842)
Wages and Salaries (48,066) (42,769) 44,611 (46,223)
---------- --------- --------- ---------
Grand Total ($ 172,763) ($334,507) $ 358,204 ($149,065)
========== ========= ========= =========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) Total 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $685,078 $267,548 $ 42,974 $374,556
Accounts Receivable $891,440 $506,140 $198,199 $187,101
PERIOD ENDED: 05-31-05 GANTON TECHNOLOGIES (PULASKI) CASE #04-67600
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
4/30/2005 Withheld Deposits 5/31/2005
--------- --------- ---------- ---------
Income tax withheld: Federal ($ 7,735) ($ 45,996) $ 51,486 ($ 2,245)
Income tax withheld: State 0 0 0 0
Income tax withheld: Local 0 0 0 0
FICA Withheld (10,166) (9,504) 17,786 (1,883)
Employers FICA (10,166) (9,504) 17,786 (1,883)
Unemployment Tax: Federal (679) (197) 679 (197)
Unemployment Tax: State (5,513) (1,600) 5,513 (1,600)
All Other Payroll W/H 0 0 0 0
State Taxes: Inc./Sales/Use/Excise (6,000) (6,000) 0 (12,000)
Property Taxes (28,531) (7,800) 0 (36,331)
Workers Compensation (24,091) 0 0 (24,091)
--------- --------- --------- ---------
Total ($ 92,880) ($ 80,601) $ 93,251 ($ 80,231)
Wages and Salaries (73,977) (72,917) 73,977 (72,917)
--------- --------- --------- ---------
Grand Total ($166,857) ($153,518) $ 167,227 ($153,148)
========= ========= ========= =========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) Total 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $ 683,031 $ 554,761 $ 5,159 $123,111
Accounts Receivable $3,980,907 $3,087,913 $381,135 $511,858
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 5/31/2005
MONTHLY CASH STATEMENT
CASE # 04-67600
GANTON TECHNOLOGIES (RACINE)
ACCOUNT TYPE LOCKBOX LOCKBOX 673025 AP AP PR (HOURLY)
ACCOUNT # 5402699432 1851812055 2770721815 2176982961 2770721823
BANK Stan Fed Comerica Stan Fed Comerica Stan Fed
BEGINNING BANK BALANCE - - - - -
RECEIPTS 879,418 445,387 - - -
TRANSFERS IN (CORPORATE) - - 474,708 8 795,729
DIP INFLOW - - - - -
DISBURSEMENTS - - (474,708) (8) (795,729)
TRANSFERS OUT (CORPORATE) (879,418) (445,387) - - -
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 - - - - 536
TRANSFERS IN (CORPORATE) 8,019 304,981 - 4,701 1,549
DIP INFLOW - - - - -
DISBURSEMENTS (8,019) (304,981) - - (2,085)
TRANSFERS OUT (CORPORATE) - - - (4,701) -
DIP REPAYMENT - - - - -
-------- --------- ------ -------- --------
ENDING BANK BALANCE - - - - -
MATERIALS & OTHER DISBURSEMENTS PAID
FOR BY CORPORATE 48,004
CHECKS ISSUED 424,695
PAYROLL DISBURSED (INCLUDES PAYROLL PAID
BY CORPORATE) 728,589
CORPORATE DEBIT MEMOS 48,198
----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS
RECONCILIATION) $1,249,486
==========
OUTSTANDING CHECKS AS OF APRIL 30 195,113
VOIDED CHECKS OUTSTANDING AS OF APRIL 30 (10,065)
CHECKS ISSUED DURING MAY 424,695
CHECK CLEARED DURING MAY (474,715) Includes checks clearing from Comerica above.
----------
OUTSTANDING CHECKS AS OF MAY 31 (SEE
OUTSTANDING CHECKLIST) 135,028
==========
GANTON TECHNOLOGIES, INC.
CASE NO. 04-67600
AT 5/31/05
RACINE - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 135,028.33
Unadjusted GL Balance 135,028.33
-----------
Difference $ -
===========
GANTON TECHNOLOGIES, INC.
CASE NO. 04-67600
RACINE
OUTSTANDING CHECKS
CASE NO. 04-67600
DATE CHECK OUTSTANDING
1/4/2005 41299 $ 491.00
1/17/2005 41439 774.00
2/8/2005 41740 1,581.73
4/29/2005 42716 25,700.00
5/13/2005 42780 799.21
5/20/2005 42828 72.48
5/20/2005 42829 60.91
5/20/2005 42837 45.64
5/20/2005 42838 512.78
5/24/2005 42853 370.00
5/25/2005 42855 2,548.14
5/25/2005 42856 1,040.27
5/25/2005 42857 505.35
5/25/2005 42858 500.00
5/25/2005 42862 7,500.00
5/25/2005 42865 450.00
5/25/2005 42867 3,994.82
5/26/2005 42869 969.72
5/26/2005 42871 341.58
5/26/2005 42873 4,297.54
5/26/2005 42874 1,364.53
5/26/2005 42876 3,751.47
5/26/2005 42878 16.00
5/26/2005 42879 1,260.00
5/26/2005 42881 56.74
5/26/2005 42882 2,677.30
5/26/2005 42883 271.03
5/27/2005 42885 16.05
5/27/2005 42886 489.77
5/27/2005 42887 490.00
5/27/2005 42888 77.23
5/27/2005 42889 1,353.19
5/27/2005 42890 4,770.00
5/31/2005 42892 1,596.00
5/31/2005 42893 2,115.20
5/31/2005 42894 10,787.02
5/31/2005 42895 200.00
5/31/2005 42896 192.10
5/31/2005 42897 50,989.53
$135,028.33
GANTON TECHNOLOGIES, INC. (RACINE) CASE NO. 04-67600
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
A & H SALES AND SERVICE $ 10,787.02
AAA ENVIRONMENTAL 1,596.00
ACCOUNTEMPS 10,232.28
ACE INSURANCE 47,409.29
ADT SECURITY SYSTEMS 9,408.82
ADVANCED WASTE SERVI 1,913.50
ALL WORLD MACHINERY 16.05
AMERICAN CHEMICAL 343.75
AMERICAN ENTERPRISE 5,491.57
AMERICAN INDUSTRIAL 5,722.07
AMERIGAS - FRANKSVIL 785.91
AT & T 3,994.82
AT&T 80.12
AT&T-UNIVERSAL BILLE 1,040.27
AURORA MEDICAL GROUP 47.00
AUTOMATIC DATA PROCE 3,747.89
BADGER LUBRICATION 25.19
BOSTON MUTUAL LIFE 1,068.00
CHAPTER 13 TRUSTEE 622.00
CHEMTOOL INCORPORATE 500.00
COMPUWARE 594.00
CO-OPERATIVE CREDIT UNION 11,779.00
CURT PAPE 79.12
DARREN RUGH 2,027.59
DENTALBLUE 1,433.12
DEUBLIN 502.00
DIRECT DENTAL SERVICE 18,313.15
DONNA GERARDIN 2,677.30
EAGLE GLOBAL LOGISTICS 175.35
EAST RACINE PET 200.00
ELCO TEXTRON INC 151.20
EXECUTIVE CONSULTING INC. 4,103.00
EYE CARE OF WISCONSIN INC 70.00
GENE SCHIEFELBEIN 271.03
GENESIS CONSULTANTS, 7,500.00
GLOBAL EXCHANGE SERV 178.37
GORDON FLESCH CO., I 489.77
GROUP ADMINISTRATORS LTD 270.00
GWEN PFEIFER 56.74
HELP/SYSTEMS INC. 725.00
HIGH RELIABILITY SYS 922.26
IMPREX, INC. 40,386.14
JASON SHEEDER 20.00
JEFFERSON PILOT FINANCIAL 753.35
JENNIFER SCHENNING 1,293.33
KAUFMANN-WORTHEN 30,800.00
KAZTEX ENERGY MANAGE 49,838.24
KRISTIANSEN ENTERPRI 2,738.76
LASALLE NATL LEASING 50,989.53
M & I TRUST 490.00
M&I TRUST 6,201.16
MARSHALL & ILSLEY TRUST 1,106.00
MARY JANE HANSEN 512.78
MENARDS 410.60
MEREDITH'S CULLIGAN 165.91
MERWIN STOLTZ CO 3,072.30
MIKE STEFANI 2,679.62
MILWAUKEE AREA TECHNICAL 2,944.28
GANTON TECHNOLOGIES, INC. (RACINE) CASE NO. 04-67600
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
MOTION INDUSTRIES, I 805.80
MSC INDUSTRIAL SUPPL 7.55
NADCA - CHAPTER 12 400.00
NAPA AUTOMOTIVE PART 16.79
NASSCO INC. 1,073.64
NELSON ELECTRIC SUPP 182.54
OFSI 229.79
OHIO SCREW PRODUCTS 18,777.75
PACKERLAND RENT-A-MA 495.15
PARKER HANNIFIN 24,591.60
PENSKE TRUCK LEASING 9,129.23
PERFECTION SPRING & 859.80
PITNEY BOWES CREDIT CORP 216.51
PRAXAIR DISTRIBUTION 547.15
PUTNAM INVESTMENTS- 4,297.54
QSR GROUP INC 663.00
RACINE PAYROLL (INLUDES AMOUNTS DISBURSED BY CORPORATE) 728,588.50
RACINE WATER AND 212.63
ROCKFORD WELDING SUP 66.51
SAFETY KLEEN SYSTEMS 667.86
SALCO INC. 900.00
SBC 188.13
SENTINAL TECHNOLOGIES 871.58
STATE MACHINE TOOL C 370.00
STATE OF MICHIGAN 25.00
STEVE MUTCHIE 45.64
STEVE TURDO 729.46
TOOL SERVICE CORPORA 77.23
TOTAL COMFORT OF WIS 364.76
TRANS-MAN LOGISTICS 4,634.52
TRUDELL TRAILERS OF 30.97
TWIN CITY OPTICAL 127.80
U.S. CELLULAR 1,212.35
UAW LOCAL 627 1,378.50
UAW V-CAP 16.00
ULINE 7,056.60
UNITED LEASING ASSOC 328.14
UNITED PARCEL SERVIC 64.00
W.W. GRAINGER INC. 499.62
WASTE MANAGEMENT 2,369.16
WE ENERGIES 60,542.50
WI SCTF 5,181.59
WISCONSIN DEPT OF REVENUE 90.00
WISCONSIN DEPT OF REVENUE 2,753.11
WISCONSIN LIFT TRUCK 8,374.75
WOLTER INVESTMENT CO 5,579.32
WOODLAND HILLS 2,094.64
-------------
$1,249,486.26
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 5/31/2005
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 78,685 6,486 6,058 - - - -
TRANSFERS IN (CORPORATE) - - - 975,405 - 515,679 -
DIP INFLOW - - - - - - -
DISBURSEMENTS - - - (975,405) - - -
TRANSFERS OUT (CORPORATE) (78,685) (6,486) (6,058) - - (515,679) -
DIP REPAYMENT - - - - - - -
------- ------ ------ ---------- ------ -------- -----
ENDING BANK BALANCE - - - - - - -
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 640,965
CHECKS ISSUED 1,110,176
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 518,803
CORPORATE DEBIT MEMOS 174
----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $2,270,118
==========
OUTSTANDING CHECKS AS OF APRIL 30 285,751
VOIDED CHECKS OUTSTANDING AS OF APRIL 30 -
CHECKS ISSUED DURING MAY 1,110,176
CHECK CLEARED DURING MAY (975,405)
----------
OUTSTANDING CHECKS AS OF MAY 31 (SEE OUTSTANDING CHECKLIST) 420,522
==========
GANTON TECHNOLOGIES, INC.
CASE NO. 04-67600
AT 5/31/05
PULASKI - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 420,522.11
Total PR Outstanding Checks 41,242.03
-----------
Total Outstanding Checks 461,764.14
Unadjusted GL Balance 461,764.14
-----------
Difference $ -
===========
GANTON TECHNOLOGIES, INC.
CASE NO. 04-67600
PULASKI
OUTSTANDING CHECKS
CASE NO. 04-67600
DATE CHECK OUTSTANDING
11/11/2004 12952 $ 770.00
4/27/2005 14350 32,295.80
4/27/2005 14352 1,154.64
4/27/2005 14371 8,210.38
5/4/2005 14404 440.00
5/6/2005 14456 6,393.75
5/6/2005 14461 15,209.68
5/12/2005 14494 996.00
5/12/2005 14514 541.80
5/12/2005 14520 157.94
5/12/2005 14521 90.33
5/12/2005 14533 3,635.75
5/12/2005 14549 1,823.57
5/12/2005 14561 506.00
5/13/2005 14572 156.20
5/13/2005 14575 7,801.75
5/13/2005 14586 97.50
5/13/2005 14587 1,104.76
5/13/2005 14589 697.00
5/18/2005 14610 90.33
5/18/2005 14618 867.11
5/18/2005 14623 10,408.67
5/18/2005 14624 64.62
5/18/2005 14631 253.05
5/20/2005 14634 18,682.50
5/20/2005 14639 1,157.46
5/20/2005 14640 1,199.36
5/20/2005 14647 415.72
5/20/2005 14649 200.49
5/20/2005 14650 356.80
5/20/2005 14651 259.26
5/20/2005 14652 255.57
5/20/2005 14654 200.00
5/20/2005 14656 91,815.46
5/20/2005 14658 44.81
5/20/2005 14660 4,159.20
5/20/2005 14663 2,164.18
5/20/2005 14666 244.66
5/26/2005 14668 150.00
5/26/2005 14669 1,519.80
5/26/2005 14670 146.53
5/26/2005 14671 250.00
5/26/2005 14672 233.95
5/26/2005 14673 1,396.50
5/26/2005 14674 84.29
5/26/2005 14675 999.46
5/26/2005 14676 74.73
5/26/2005 14677 2,284.65
5/26/2005 14678 410.31
5/26/2005 14679 635.81
5/26/2005 14680 374.15
5/26/2005 14681 1,070.00
5/26/2005 14682 9,905.26
5/26/2005 14683 90.33
5/26/2005 14684 9,217.40
5/26/2005 14685 6,335.68
5/26/2005 14686 378.00
5/26/2005 14687 13,679.48
5/26/2005 14688 1,567.50
5/26/2005 14691 769.51
5/26/2005 14692 1,841.65
5/26/2005 14693 1,428.39
5/26/2005 14694 2,652.54
5/26/2005 14695 905.28
5/26/2005 14696 850.00
5/26/2005 14697 140.12
5/26/2005 14698 1,237.00
5/26/2005 14699 894.92
5/26/2005 14700 974.79
5/26/2005 14701 85.00
5/26/2005 14702 665.60
5/26/2005 14703 265.34
5/26/2005 14704 164.28
5/26/2005 14705 180.00
5/26/2005 14706 626.48
5/26/2005 14707 490.00
5/26/2005 14708 290.48
5/26/2005 14709 156.74
5/27/2005 14711 63.30
5/27/2005 14712 314.24
5/27/2005 14713 564.98
5/27/2005 14714 3,259.25
5/27/2005 14715 224.52
5/27/2005 14716 49,240.00
5/27/2005 14717 95.39
5/27/2005 14718 4,419.49
5/27/2005 14719 12,450.00
5/27/2005 14720 136.88
5/27/2005 14721 205.97
5/27/2005 14723 4,245.61
5/27/2005 14724 375.00
5/27/2005 14725 1,440.00
5/27/2005 14726 556.37
5/27/2005 14727 157.94
5/27/2005 14728 21,164.03
5/27/2005 14729 2,165.58
5/27/2005 14730 289.80
5/27/2005 14731 3,000.00
5/27/2005 14732 382.13
5/27/2005 14733 417.80
5/27/2005 14734 17,942.32
5/27/2005 14735 2,416.53
5/27/2005 14736 75.00
5/27/2005 14737 1,162.00
5/27/2005 14738 321.93
5/27/2005 14739 12,852.00
5/27/2005 14740 240.00
$420,522.11
GANTON TECHNOLOGIES, INC. (PULASKI) CASE NO. 04-67600
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- -------------------------------------------------- -------------------
ACE INSURANCE 173.55
AH ASSOCIATES 1,000.00
AIR DRAULICS ENGINEE 9,647.85
AIRGAS SOUTH (BOC GA 3,452.09
AL CAST COMPANY 51,691.50
ALLEN WRIGHT 480.00
ALUMINUM RESOURCES I 200,038.60
AMCOR 314.24
AMERICAN CHEMICAL 1,519.80
ANIXTER PENTACON, IN 996.00
ANNE HEATHCOTE 3,163.00
AUTOMATIC DATA PROCE 1,905.63
AVAYA INC. 1,208.78
B & C INSTRUMENTS 3,402.73
BAGWELL OFF SYSTEMS, 1,083.68
BAILEY COMPANY 11,316.35
BANK OF FRANKEW 597.00
BARNETT PEST CONTROL 475.00
BARRY WEBSTER 903.03
BEARING DISTRIBUTORS,INC. 233.95
BELLSOUTH 1,050.95
BELLWRIGHT INDUSTRIE 1,435.50
BG & R COMPANY 11,160.00
BI-LO / RED FOOD 44.81
BOSTON MUTUAL LIFE 1,396.50
BRINDLEY CONSTRUCTION 136,573.12
BROOKS AUTO 773.35
BROWN & SHARPE, INC. MSD 3,051.00
C KENNETH STILL 340.00
C3 INTERNATIONAL 4,010.87
CARR LANE MANUFACTUR 95.39
CENTRAL CHILD SUPPORT 4,226.84
CHARMILLES TECHNOLOGIES 181.18
CHEM-STATION 1,045.52
CHILES OIL INC. 697.14
CHRIS DOUTHIT 4,277.50
CINDY WATSON 293.05
CINTAS CORPORATION 7,401.09
CNC SYSTEMS 1,183.50
COLUMBIA MACHINE WOR 12,450.00
CONTINENTAL MACHINERY 75,322.30
DANIEL ETHRIDGE 136.88
DAVID HINDS 375.00
DAVID WADE 626.48
DIE-TECH WIRE TOOL I 1,400.00
DIVERSIFIED PRINTING 150.00
DIXIE COMPRESSOR & P 2,349.60
DYNARAD CORPORATION 1,215.70
E&J HEATING AND COOLING 285.00
EDWARDS XPRESS INC. 6,082.50
EMED COMPANY INC. 205.97
EMPIRE CNC SERVICES 725.00
ENVIRONMENTAL SCIENC 610.00
EPCO PRODUCTS, INC. 2,710.65
EXPEDITE SERVICES 536.80
F.S. SPERRY 341.40
FIRST NATIONAL 7,719.06
FLUID POWER OF NASHVILLE 410.31
GANTON TECHNOLOGIES, INC. (PULASKI) CASE NO. 04-67600
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- -------------------------------------------------- -------------------
FORKLIFT SYSTEMS 2,760.00
FRANK HARRIS 365.52
GE BETZ, INC. 541.80
GE CAPITAL 1,271.62
GENERAL SESSIONS CLERK 361.32
GENERAL SUPPLY CORP. 17,740.87
GIBSON BROTHERS AUTO PARTS 407.42
GIBSON'S GLASS & MIR 125.00
GLOBAL EXCHANGE SERV 121.54
HARCROS CHEMICALS, I 608.40
HENRY E. HILDEBRAND, III 1,960.00
HILDRETH MANUFACTURI 3,942.30
HOLLEY'S PRINTING 312.08
IMCO RECYCLING 36,600.00
INDUSTRIAL CONTRACTO 1,440.00
INTERMET 2,416.74
ITW VORTEC 265.34
J & K INDUSTRIAL SUP 1,967.48
J&J/INGAS PROPANE 2,140.00
J.M. JUDE ASSOCIATES 315.88
JAMIE PATTERSON 600.00
JEFFERSON SMURFIT CO 64.62
JM FOREST PRODUCTS, 6,621.97
JOE TOWNSEND 1,250.00
JOHN INMAN 506.00
JOHN NELSON 1,538.57
JOHN-MICHAELS ENTERP 33,664.71
J'S SUPPLY 680.00
KELSEY ELECTRIC 484.52
KEMPSTER, KELLER AND 1,213.00
KENNAMETAL INC. 951.55
KOLLSTEDT ELECTRIC, LLC 21,164.03
LAKESIDE MANUFACTURI 19,626.54
LANDAUER 6.76
LEIGH ANN ABERNATHY 45.99
LEWISBURG RUBBER AND 12,280.56
LIN ROE 1,250.00
LINDA TOMLIN 76.00
LOCHER, INC. 8,795.00
MADISON TRAVEL 1,007.64
MAGID GLOVE/EQUITY I 543.12
MAGNA-TECH SE. 1,608.75
MANAR, INC. 3,792.00
MARC LOWE 404.89
MARTIN SUPPLY CO., INC. 3,491.62
MCMASTER-CARR SUPPLY 2,025.79
METOKOTE 6,768.75
METOKOTE CORPORATION 36,441.27
MIGUEL MEDINA 8,921.60
MIRSA 17,831.25
MR. ROOTER 75.00
NASHVILLE METAL PREP 3,520.44
NEWCO, INC. 1,428.39
OLMSTED PRODUCTS 1,312.11
OTHER TO BE RECONCILED 1,050.00
PACKAGING FULFILLMEN 40,656.03
PARKER SEAL COMPANY 397.14
PEREZ SERVICES INC. 2,810.76
PHYLLIS GLOSSUP 382.72
PHYSICIANS AND SURGE 136.00
GANTON TECHNOLOGIES, INC. (PULASKI) CASE NO. 04-67600
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- -------------------------------------------------- -------------------
PIONEER METAL FINISH 2,230.08
POSTMASTER 111.00
PRECISION MACHINERY 7,624.70
PRINCE MACHINE CORP 497.71
PRO TECH METAL FINISHING 140.12
PROCLEAN SUPPLIES & 600.94
PROGRESSIVE COMPONENTS 3,764.99
PTI QUALITY CONTAINMENT 29,760.20
PULASKI ELECTRIC, WA 216,018.63
PULASKI PAYROLL (INCLUDES CORPORATE DISBURSEMENTS) 518,803.41
PULASKI PUBLISHING CO 140.00
PUTNAM INVESTMENTS 11,165.95
PYROTEK, INC. 7,613.38
QUAD STEEL CORPORATION 5,355.00
QUALITY MOLD 6,940.56
R & R RENTALS 81.19
RANDSTAD 32,233.19
RAY LUNTSFORD 1,095.14
REFRACTORY ENGINEERS 5,787.00
RICHLAND, LLC 450.00
RIMROCK 32,496.04
RIVERSBURG WELDING C 1,677.81
ROBERT W. HERR 35,461.67
SAFETY-KLEEN CORPORATION 1,309.25
SCHAEFER GROUP 5,738.00
SEI ENVIROMENTAL INC. 735.00
SELECT FOODS INC. 774.21
SHAMROCK ENGINEERING CO. 1,104.76
SHAWN PROMOTIONS 852.80
SHERWIN WILLIAMS 83.95
SOSSNER STEEL STAMPS 34.25
SPARTAN WOOD PRODUCT 1,170.00
SPECTRO ALLOYS CORP 316,014.18
SPRINT 797.85
STEPHANIE WALTER 662.83
STERICYCLE INC. 35.79
STEVE ROMICK 286.27
STUART C. IRBY COMPA 6,149.05
TAMMY KAY BOWEN 378.63
THE TIMES DAILY 258.39
TRANSMAN 85,099.00
UPS CUSTOMHOUSE BROKERAGE 106.81
VEKTEK, INC. 2,135.60
VERIZON WIRELESS 306.33
VIBRO/DYNAMICS CORP. 12,852.00
WATKINS TRUCKING, IN 180.00
WATSON'S OFFICE SUPP 1,868.19
WI SCTF 1,841.65
WOOD MACHINE SERVICE, INC. 1,200.00
ZEP MFG 513.58
------------
2,270,118.22
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MAY 31, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: GANTON TECHNOLOGIES, INC. Capacity: ___ Shareholder
Case Number: 04-67600 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED AT INTERMET
CORPORATION. PLEASE SEE INTERMET CORPORATION (CASE #04-67597) FOR ALL INSIDER
COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance ______ _______
Life Insurance ______ _______
Retirement ______ _______
Company Vehicle ______ _______
Entertainment ______ _______
Travel ______ _______
Other Benefits ______ _______
Total Benefits ______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid ______ _______
Loans ______ _______
Other (Describe) ______ _______
Other (Describe) ______ _______
Other (Describe) ______ _______
Total Other Payments ______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
______ $0
Dated: JUNE 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 MAY 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67601
) Chapter 11
) Judge: Marci B. McIvor
INTERMET HOLDING COMPANY )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO[ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: JUNE 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 5-31-05
($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 - -
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 - -
============ ============
*Note: Intermet Holding Company is a holding company of certain foreign
subsidiaries and does not itself have any domestic operations. As a result,
Intermet Holding Company's results are incorporated in the results of Intermet
Corporation foreign subsidiaries. For May, $388,000 of Intercompany interest was
eliminated through foreign operations and therefore not included in this
statement.
Current Month Total Since Filing
($388) ($3,125)
Intermet Corp. and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs May
(Allocation of Corporate Costs to Filing Entities)
(000's)
May
--------
Officer Compensation $ 189
Salary Expense other Employees 897
Employee Benefits and Pension 107
Payroll Taxes 57
Other Taxes 0
Rent and Lease Expense 185
Interest Expense
Insurance 62
Automobile and Truck Expense 10
Utilities(Gas Electric,Phone) 40
Depreciation 87
Travel and Entertainment 82
Repairs and Maintenance 45
Advertising/Promotion 0
Supplies, Office Expense 41
OTHER:
Contributions 2
Professional Fees - Audit/Tax 350
Bank Fees 31
Public Reporting Fees 15
Employee Relocation/Training 7
Data Processing 27
Dues and Subscriptions 12
Outside Services 92
Project Development Costs net of Billings 11
Director Fees 25
Miscellaneous 2
Legal Fees 157
Cost Allocation - Europe (78)
Cost Allocation - Out (175)
-------
$ 2,280
=======
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 627
-------
Total $ 2,280
=======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 5-31-05
($000's)
CASE # 04-67601
---------------
INTERMET
HOLDING CO.
---------------
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 $ 0
Wages and Salaries (See schedule) -
Taxes Payable - (See schedule) -
---------
TOTAL POST PETITION LIABILITIES -
SECURED LIABILITIES:
SECURED 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 -
Retirement Benefits -
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities -
Long-Term Intercompany Payables 141,566
Minority Interest -
---------
TOTAL LIABILITIES 141,566
Common Stock 1
Capital In Excess Of Par Value 1
Retained Earnings - Prepetition (18,705)
Retained Earnings - Post Petition (3,125)
Equity In European Operations
Accumulated Translation Adjustment (21,200)
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
---------
TOTAL SHAREHOLDER EQUITY (43,028)
---------
TOTAL LIABILITIES AND EQUITY $ 98,538
=========
PERIOD ENDED: 05-31-05 INTERMET HOLDING COMPANY CASE #04-67601
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
4/30/2005 Withheld Deposits 5/31/2005
--------- --------- --------- ----------
Income tax withheld: Federal $ 0 $ 0 $ 0 $ 0
Income tax withheld: State $ 0 $ 0 $ 0 $ 0
Income tax withheld: Local $ 0 $ 0 $ 0 $ 0
FICA Withheld $ 0 $ 0 $ 0 $ 0
Employers FICA $ 0 $ 0 $ 0 $ 0
Unemployment Tax: Federal $ 0 $ 0 $ 0 $ 0
Unemployment Tax: State $ 0 $ 0 $ 0 $ 0
All Other Payroll W/H $ 0 $ 0 $ 0 $ 0
$ 0 $ 0 $ 0 $ 0
State Taxes: Inc./Sales/Use/Excise $ 0 $ 0 $ 0 $ 0
Property Taxes $ 0 $ 0 $ 0 $ 0
$ 0
Workers Compensation 0 0 0 0
-------- --------- --------- ---------
Total $ 0 $ 0 $ 0 $ 0
Wages and Salaries 0 0 0 0
-------- --------- --------- ---------
Grand Total $ 0 $ 0 $ 0 $ 0
======== ========= ========= =========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $ 0 $ 0 $ 0
Accounts Receivable $ 0 $ 0 $ 0
MONTHLY CASH STATEMENT
Period Ending: MAY 31, 2005
INTERMET HOLDING COMPANY
Case Number: 04-67601
CASH ACTIVITY ANALYSIS (CASH BASIS ONLY):
General Payroll Tax Cash Coll. Petty Cash
Acct. Acct. Acct. Acct. Acct.
A. Beginning Balance _____ _____ _____ _____ _____
B. Receipts _____ _____ _____ _____ _____
(Attach separate schedule)
C. Balance Available _____ _____ _____ _____ _____
(A+B)
D. Less Disbursements _____ _____ _____ _____ _____
(Attach separate schedule)
E. Ending Balance N/A - COMPANY HAS NO BANK ACCOUNTS
(C-D)
(PLEASE ATTACH COPIES OF MOST RECENT RECONCILED BANK STATEMENTS FROM EACH
ACCOUNT)
General Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Payroll Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Tax Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Other monies on hand (specify type and location) i.e., CD's, bonds, etc.:
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
Date: JUNE 20, 2005 ______________________________
Debtor in Possession
Form 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MAY 31, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: INTERMET HOLDING COMPANY Capacity: ___ Shareholder
Case Number: 04-67601 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED AT INTERMET
CORPORATION. PLEASE SEE INTERMET CORPORATION (CASE #04-67597) FOR ALL INSIDER
COMPENSATION/PAYMENTS.
Current Compensation Paid: Weekly or Monthly
_______ _______
Current Benefits Paid: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $0
Dated: JUNE 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 MAY 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67604
) Chapter 11
) Judge: Marci B. McIvor
INTERMET ILLINOIS, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: JUNE 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 5-31-05
($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 May
(Allocation of Corporate Costs to Filing Entities)
(000's)
May
-------
Officer Compensation $ 189
Salary Expense other Employees 897
Employee Benefits and Pension 107
Payroll Taxes 57
Other Taxes 0
Rent and Lease Expense 185
Interest Expense
Insurance 62
Automobile and Truck Expense 10
Utilities(Gas Electric,Phone) 40
Depreciation 87
Travel and Entertainment 82
Repairs and Maintenance 45
Advertising/Promotion 0
Supplies, Office Expense 41
OTHER:
Contributions 2
Professional Fees - Audit/Tax 350
Bank Fees 31
Public Reporting Fees 15
Employee Relocation/Training 7
Data Processing 27
Dues and Subscriptions 12
Outside Services 92
Project Development Costs net of Billings 11
Director Fees 25
Miscellaneous 2
Legal Fees 157
Cost Allocation - Europe (78)
Cost Allocation - Out (175)
-------
$ 2,280
=======
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 627
-------
Total $ 2,280
=======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 5-31-05
($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 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 -
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: 05-31-05 INTERMET ILLINOIS CASE #04-67604
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
4/30/2005 Withheld Deposits 5/31/2005
--------- --------- ---------- ---------
Income tax withheld: Federal $ 0 $ 0 $ 0 $ 0
Income tax withheld: State $ 0 $ 0 $ 0 $ 0
Income tax withheld: Local $ 0 $ 0 $ 0 $ 0
FICA Withheld $ 0 $ 0 $ 0 $ 0
Employers FICA $ 0 $ 0 $ 0 $ 0
Unemployment Tax: Federal $ 0 $ 0 $ 0 $ 0
Unemployment Tax: State $ 0 $ 0 $ 0 $ 0
All Other Payroll W/H $ 0 $ 0 $ 0 $ 0
$ 0 $ 0 $ 0 $ 0
State Taxes: Inc./Sales/Use/Excise $ 0 $ 0 $ 0 $ 0
Property Taxes $ 0 $ 0 $ 0 $ 0
$ 0
Workers Compensation 0 0 0 0
--- --- --- ---
Total $ 0 $ 0 $ 0 $ 0
Wages and Salaries 0 0 0 0
--- --- --- ---
Grand Total $ 0 $ 0 $ 0 $ 0
=== === === ===
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post 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: MAY 31, 2005
INTERMET ILLINOIS, INC.
Case Number: 04-67604
CASH ACTIVITY ANALYSIS (CASH BASIS ONLY):
General Payroll Tax Cash Coll. Petty Cash
Acct. Acct. Acct. Acct. Acct.
A. Beginning Balance _____ _____ _____ _____ _____
B. Receipts _____ _____ _____ _____ _____
(Attach separate schedule)
C. Balance Available _____ _____ _____ _____ _____
(A+B)
D. Less Disbursements _____ _____ _____ _____ _____
(Attach separate schedule)
E. Ending Balance N/A - COMPANY HAS NO BANK ACCOUNT
(C-D)
(PLEASE ATTACH COPIES OF MOST RECENT RECONCILED BANK STATEMENTS FROM EACH
ACCOUNT)
General Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Payroll Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Tax Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Other monies on hand (specify type and location) i.e., CD's, bonds, etc.:
___________________________________________________________________________
___________________________________________________________________________
Date: JUNE 20, 2005 _________________________________
Debtor in Possession
Form 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MAY 31, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: INTERMET ILLINOIS, INC. Capacity: ___ Shareholder
Case Number: 04-67604 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $ 0
Dated: JUNE 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 MAY 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67607
) Chapter 11
) Judge: Marci B. McIvor
INTERMET INTERNATIONAL, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO[ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO[ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO[ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO[ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO[ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: JUNE 20, 2005 /s/ Robert E. Belts
--------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
------------------------ ------------------
Title Phone
MONTHLY CASH STATEMENT
Period Ending: MAY 31, 2005
INTERMET INTERNATIONAL, INC.
Case Number: 04-67607
CASH ACTIVITY ANALYSIS (CASH BASIS ONLY):
General Payroll Tax Cash Coll. Petty Cash
Acct. Acct. Acct. Acct. Acct.
A. Beginning Balance _____ _____ _____ _____ _____
B. Receipts _____ _____ _____ _____ _____
(Attach separate schedule)
C. Balance Available _____ _____ _____ _____ _____
(A+B)
D. Less Disbursements _____ _____ _____ _____ _____
(Attach separate schedule)
E. Ending Balance ALL ACTIVITY FOR INTERMET INTERNATIONAL, INC. IS 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: JUNE 20, 2005 ______________________________
Debtor in Possession
Form 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MAY 31, 2005
The following information is to be provided for each shareholder,
officer, director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: INTERMET INTERNATIONAL, INC. Capacity: ___ Shareholder
Case Number: 04-67607 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED AT INTERMET
CORPORATION. PLEASE SEE INTERMET CORPORATION (CASE #04-67597) FOR ALL INSIDER
COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ ______
Loans _______ ______
Other (Describe) _______ ______
Other (Describe) _______ ______
Other (Describe) _______ ______
Total Other Payments _______ ______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $0
Dated: JUNE 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 MAY 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67598
) Chapter 11
) Judge: Marci B. McIvor
INTERMET U.S. HOLDING, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: JUNE 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 5-31-05
($000's)
CASE #04-67598
INTERMET U.S.
HOLDING
--------------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 5,390 47,800
Cost of Goods Sold
Materials and Freight 2,108 17,643
Wages - Hourly 582 6,586
Wages-Salary 322 2,969
Employee Benefits and Pension 138 3,475
Repairs & Maintenance 257 2,413
Supplies 356 2,921
Utilities 471 4,354
Purchased Components/Services 144 1,988
Income(loss) from Pattern Sales - 754
Fixed Asset - (gain/loss) (6) 561
MIS Expense 30 405
Travel & Entertainment 3 30
Other Variable Costs 307 1,632
Depreciation & Amortization 464 4,246
Other Allocated Fixed Costs - 1
Other Fixed Costs 193 1,470
--------- ------------
Cost of Goods Sold 5,369 51,448
Gross Profit 21 (3,648)
Plant SG&A Expense 3 3
SG&A Expense - Allocation (Sched 1) 261 2,023
Other Operating Expenses (4) 509
--------- ------------
Total Operating Expenses 260 2,535
Operating Profit (239) (6,183)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (131) (874)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) 6 22
--------- ------------
Total Non-Operating Expenses (125) (852)
Income Before Income Taxes (364) (7,035)
Income Tax Expense 1 -
--------- ------------
Net Income (365) (7,035)
========= ============
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs May
(Allocation of Corporate Costs to Filing Entities)
(000's)
May
-------
Officer Compensation $ 189
Salary Expense other Employees 897
Employee Benefits and Pension 107
Payroll Taxes 57
Other Taxes 0
Rent and Lease Expense 185
Interest Expense
Insurance 62
Automobile and Truck Expense 10
Utilities(Gas Electric,Phone) 40
Depreciation 87
Travel and Entertainment 82
Repairs and Maintenance 45
Advertising/Promotion 0
Supplies, Office Expense 41
OTHER:
Contributions 2
Professional Fees - Audit/Tax 350
Bank Fees 31
Public Reporting Fees 15
Employee Relocation/Training 7
Data Processing 27
Dues and Subscriptions 12
Outside Services 92
Project Development Costs net of Billings 11
Director Fees 25
Miscellaneous 2
Legal Fees 157
Cost Allocation - Europe (78)
Cost Allocation - Out (175)
-------
$ 2,280
=======
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 627
-------
Total $ 2,280
=======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 5-31-05
($000's)
CASE #04-67598
--------------
INTERMET U.S.
HOLDING
--------------
Cash And Equivalents $ -
Accounts Receivable 7,177
Short-Term Intercompany Receivables 8
Inventories 6,220
Other Current Assets 70
---------
TOTAL CURRENT ASSETS 13,475
Land and Buildings 30,171
Machinery & Equipment 61,170
Construction In Progress 300
---------
Total Fixed Assets 91,641
Accumulated Depreciation (50,760)
---------
NET FIXED ASSETS 40,881
Investment In Subsidiaries -
Investment In European Operations -
Long-Term Intercompany Receivables -
Deferred Taxes, Long-Term Asset -
Other Assets 1,202
---------
TOTAL ASSETS $ 55,558
=========
Liabilities and Shareholder Equity
POST PETITION LIABILITIES
Accounts Payable $ 514
Wages and Salaries (See schedule) 730
Taxes Payable - (See schedule) 520
---------
Total Post Petition Liabilities 1,764
SECURED LIABILITIES:
SECURED DEBT -
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes -
Accrued Tax - State -
Accrued Property Taxes (38)
Accrued Workers Comp. 373
Accrued Payroll -
Accrued Payroll Taxes -
---------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 335
Unsecured Liabilities
Accounts Payable 7,910
Senior & IDR Bonds -
---------
TOTAL UNSECURED LIABILITIES 7,910
OTHER LIABILITIES
Accrued Liabilities 1,774
Short-Term Intercompany Payables 58
Retirement Benefits -
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities -
Long-Term Intercompany Payables 20,666
Minority Interest -
---------
TOTAL LIABILITIES 32,507
Common Stock 5
Capital In Excess Of Par Value 54,495
Retained Earnings - Prepetition (24,414)
Retained Earnings - Post Petition (7,035)
Equity In European Operations -
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
---------
TOTAL SHAREHOLDER EQUITY 23,051
---------
TOTAL LIABILITIES AND EQUITY $ 55,558
=========
PERIOD ENDED: 05-31-05 INTERMET U.S. HOLDING CORP. (NEW RIVER) CASE #04-67598
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
4/30/2005 Withheld Deposits 5/31/2005
------------ ----------- ----------- -----------
Income tax withheld: Federal $ 0 ($ 108,088) $ 108,088 $ 0
Income tax withheld: State 0 (40,112) 40,112 0
Income tax withheld: Local 0 0 0 0
FICA Withheld 0 (67,490) 67,490 0
Employers FICA (13,020) (70,246) 67,490 (15,776)
Unemployment Tax: Federal (48,025) (2,140) 0 (50,165)
Unemployment Tax: State (27,580) (3,311) 0 (30,891)
All Other Payroll W/H (26,724) (40,814) 62,356 (5,182)
State Taxes: Inc./Sales/Use/Excise (15,000) (9,842) 9,842 (15,000)
Property Taxes (130,000) (31,896) 56,896 (105,000)
Workers Compensation (159,007) 0 0 (159,007)
------------ ----------- ----------- -----------
Total ($ 419,356) ($ 373,938) $ 412,273 ($ 381,021)
Wages and Salaries (491,087) (1,132,573) 891,936 (731,724)
------------ ----------- ----------- -----------
Grand Total ($ 910,443) ($1,506,512) $ 1,304,209 ($1,112,746)
=========== =========== =========== ===========
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 $ 513,188 $ 513,188
Accounts Receivable $7,789,460 $5,014,465 $2,061,709 $ 713,286
PERIOD ENDED: 05-31-05 INTERMET U.S. HOLDING (COLUMBUS MACHINING) CASE #04-67598
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
4/30/2005 Withheld Deposits 5/31/2005
---------- ---------- ---------- ---------
Income tax withheld: Federal $ 1,827 ($ 3,912) $ 3,912 $ 1,827
Income tax withheld: State (859) (1,568) 1,568 (859)
Income tax withheld: Local 0 0 0 0
FICA Withheld 6,188 (2,371) 2,371 6,188
Employers FICA (6,738) (2,371) 6,273 (2,835)
Unemployment Tax: Federal (1,729) 0 0 (1,729)
Unemployment Tax: State (12,388) 0 0 (12,388)
All Other Payroll W/H 0 0 0 0
State Taxes: Inc./Sales/Use/Excise (500) (500) 0 (1,000)
Property Taxes (125,718) (17,415) 0 (143,133)
Workers Compensation 9,946 0 4,642 14,588
--------- --------- --------- ---------
Total ($129,971) ($ 28,136) $ 18,766 ($139,341)
Wages and Salaries 1,393 (21,587) 21,587 1,393
--------- --------- --------- ---------
Grand Total ($128,578) ($ 49,723) $ 40,353 ($137,948)
========= ========= ========= =========
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 $ 754 $ 0 $ 0 $ 754
Accounts Receivable $ 8,030 (149) $ 537 7,642
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS MONTHLY CASH STATEMENT
MONTH ENDED 5/31/2005
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 192,385 5,869,382 - - -
TRANSFERS IN (CORPORATE) - - 1,890,281 674,135 297,539
DIP INFLOW - - - - -
DISBURSEMENTS - - (1,890,281) (674,135) (297,539)
TRANSFERS OUT (CORPORATE) (192,385) (5,869,382) - - -
DIP REPAYMENT - - - - -
-------------------------------------------------------------------
ENDING BANK BALANCE - - 0.00 - -
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 1,793,452
CHECKS ISSUED 1,860,604
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 963,275
CORPORATE DEBIT MEMOS 11,233
-----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 4,628,565
===========
OUTSTANDING CHECKS AS OF APRIL 30 389,107
VOIDED CHECKS OUTSTANDING AS OF APRIL 30 -
CHECKS ISSUED DURING MAY 1,860,604
CHECK CLEARED DURING MAY (1,890,281)
-----------
OUTSTANDING CHECKS AS OF MAY 31 (SEE OUTSTANDING CHECKLIST) $ 359,430
===========
INTERMET U.S. HOLDING, INC.
CASE NO. 04-67598
AT 5/31/05
NEW RIVER - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 359,429.67
Misc. Reconciling Items Adjusted in June. (3,741.96)
------------
355,687.71
Unadjusted GL Balance 355,687.71
------------
Difference $ -
============
NEW RIVER
OUTSTANDING CHECKS
CASE NO. 04-67598
DATE CHECK OUTSTANDING
5/20/2005 105157 $ 18,092.00
5/23/2005 105158 1,823.94
5/27/2005 105160 11,318.00
4/1/2005 105245 360.02
4/1/2005 105251 20.00
4/1/2005 105282 14.10
4/15/2005 105379 115.47
4/29/2005 105535 107.64
5/13/2005 105702 7.52
5/20/2005 105773 354.46
5/20/2005 105776 246.54
5/20/2005 105780 112.00
5/20/2005 105809 160.00
5/20/2005 105812 1,500.00
5/20/2005 105817 355.00
5/27/2005 105840 5,890.00
5/27/2005 105841 211.51
5/27/2005 105842 1,081.55
5/27/2005 105843 1,720.94
5/27/2005 105844 2,995.26
5/27/2005 105845 300.00
5/27/2005 105846 790.66
5/27/2005 105847 1,800.00
5/27/2005 105848 534.34
5/27/2005 105849 1,421.14
5/27/2005 105850 6,061.56
5/27/2005 105851 1,035.67
5/27/2005 105852 2,000.00
5/27/2005 105853 715.00
5/27/2005 105854 3,217.50
5/27/2005 105855 6,740.48
5/27/2005 105856 6,825.80
5/27/2005 105859 19,584.00
5/27/2005 105860 38.62
5/27/2005 105861 108.91
5/27/2005 105862 11,938.50
5/27/2005 105863 65.00
5/27/2005 105864 16,258.53
5/27/2005 105865 5,488.00
5/27/2005 105866 1,980.00
5/27/2005 105867 1,330.00
5/27/2005 105868 2,683.17
5/27/2005 105869 450.00
5/27/2005 105870 5,080.00
5/27/2005 105871 4,300.00
5/27/2005 105873 13,647.50
5/27/2005 105875 2,275.00
5/27/2005 105879 577.50
5/27/2005 105880 2,680.00
5/27/2005 105882 173.75
5/27/2005 105883 2,124.76
5/27/2005 105884 8,657.87
5/27/2005 105885 285.00
5/27/2005 105886 8,321.09
5/27/2005 105887 4,432.54
5/27/2005 105888 3,575.00
5/27/2005 105889 28,448.11
5/27/2005 105890 36,998.98
5/27/2005 105901 42,854.27
5/27/2005 105902 25,066.67
5/27/2005 105903 32,078.80
$359,429.67
INTERMET U.S. HOLDING, INC. (NEW RIVER) CASE NO. 04-67598
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- ----------------------------------------------------------------------
ACE INSURANCE $ 6,024.65
ADVANCED CARBIDE TOOL 7,118.15
AEGIS ENVIRONMENTAL INC 7,340.29
AETNA US HEALTH CARE 4,400.94
AIR PRODUCTS & CHEMICAL 6,417.74
AIRGAS INC 1,267.38
ALLIED MINERAL PRODUCTS 5,865.86
APPLIED INDUST. TECH 3,174.04
ARAMARK UNIFORM SERVICE 700.68
ARCET 943.94
AT&T 1,720.94
ATLANTIC COAST TOYOTALIFT 532.00
ATMOS ENERGY 2,995.26
ATMOS ENERGY MARKETING 62,881.27
B & S INDUSTRIAL SERVIC 300.00
BANKS COMPANY INC. 10,809.35
BASHAM, BILLY 500.00
BASS, ANDY 790.66
BEST ONE TIRE 1,800.00
BLACKSBURG ENVIRONMENTAL SOLUT 3,000.00
BLACKWELL,CHARLES 450.00
BOB'S REFUSE SERVICE IN 634.47
CANON FINANCIAL 534.34
CAROLINA FIREBRICK SPEC 6,500.00
CARTER MACHINERY 7,125.00
CC METALS AND ALLOYS IN 22,777.23
CENTRAL VALLEY RUBBER S 3,191.45
CHAMPION CHISEL WORKS, 6,061.56
CHICAGO FREIGHT CAR LEA 1,497.81
CITICORP VENDOR FINANCE 444.00
CITY OF RADFORD 4,516.20
CITY OF RADFORD 364,622.11
CITY OF RADFORD, TREASU 28,448.11
COMMERCIAL STEEL ERECTI 2,000.00
CRANE AMERICA SERVICES 715.00
CRANE SHAFT MACHINE GROUP 2,267.00
D STEPHEN HAGA, JR 354.46
DETEK INC. 1,050.00
DIETERT FOUNDRY TESTING EQUIPM 79.86
DISA INDUSTRIES, INC 50,282.10
DODSON RECOGNITION 246.54
DONNIE'S GARAGE & U-HAUL 750.02
DUBOIS FINISHING TECHNOLOGIES 3,217.50
EIRICH MACHINES 10,754.01
ELKEM METALS INC. 42,281.88
EMI EQUIPMENT MERCHANTS 11,552.80
EMSCO INC 28,900.00
ENTERPRISE 610.41
ENVIRONMENTAL OPTIONS INC. 1,999.00
FAIRLAWN STORAGE 112.00
FETTER FINISHING 75,525.46
FIRE EQUIPMENT CO.INC. 600.00
FLINT, JEREMY 38.62
FOSECO INC. 7,398.00
FRENCH, LYDIA 278.26
GENERAL KINEMATICS 12,223.00
GREAT LAKES PRODUCTION SUPPORT 11,938.50
H.C. WADE 1,820.00
HA INTERNATIONAL, LLC 89,559.68
HAMLEY, JEFF 69.57
HARRIS RENTALS 65.00
HART METALS, INC. 37,400.00
INTERMET U.S. HOLDING, INC. (NEW RIVER) CASE NO. 04-67598
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
HEAT TREATING SERVICES 52,698.54
HEATH OIL LLC 2,496.54
HENLEY TOOL CORP. 6,921.00
HERAEUS ELECTRO NITE CO 4,363.49
HICKMAN, WILLIAMS AND CO 7.50
HIGHLAND PAGING 368.28
HILL AND GRIFFITH CO. 159,570.50
HOWELL, DOUG 31.62
INDUSTRIAL POWDER COATI 3,207.68
INDUSTRIAL SUPPLY CORP 229,672.24
INTERNATIONAL SURFACE P 2,849.99
JAMMON PAYNE 342.00
JOHN A STEER 13,824.40
KWIK KAFE CO 154.15
LABORATORY CORP OF AMER 125.00
LINA. 74.00
LIVINGSTON AND HAVEN IN 7,077.82
LLOYD ELECTRIC CO.INC. 4,689.58
MAGNECO/METREL 32,790.00
MARSHALL WIRT & COMPANY 1,314.00
MCCOMBS, BRENT 1,899.31
MCELROY,JOHN C 837.58
MICRO TEK PATTERN,INC. 25,066.67
MIDLANDS TECHNICAL COLLEG 5,080.00
MILLENIUM TECHNOLOGIES 4,300.00
MILLER AND COMPANY LLC 164,675.85
MOODY,DWAYNE 947.04
MOORE SPECIALTY 20,720.00
MOUNTAIN SPRINGS 220.00
MYOPTICS EYEWEAR 292.00
NEW RIVER PAYROLL (INCLUDES DISBURSEMENTS BY CORPORATE) 963,275.48
NEW RIVER RECYCLING 13,647.50
NEW RIVER SOLID WASTE M 40,072.47
NORFOLK SOUTHERN (GA) 154,414.18
NORTHBEND PATTERN WORKS 151,971.00
OMNISOURCE CORPORATION 1,172,466.31
OMNISOURCE FT 30,000.00
PATTERN SERVICES 2,983.75
PIEDMONT FOUNDRY SUPPLY 810.00
POTOMAC ENVIRONMENTAL, 1,056.00
PROCHEM ANALYTICAL INCO 3,045.00
PROVIDENT LIFE 81.46
PROVIDENT LIFE 2,246.38
RADFORD STORAGE 160.00
RADIATION SERVICE ORGANIZATION 61.19
REDDY ICE-CASSCO 228.00
REFCO INC 12,240.00
RENTAL SERVICE CORP (RS 1,823.94
RITENOUR, GINNY 357.52
ROBOTIC ACCESSORIES DIVISION 1,673.75
SAFETY-KLEEN CORP. 213.65
SAF-GARD SAFETY SHOE CO 279.97
SANDMOLD SYSTEMS INC 553.20
SAVEITNOW 1,299.79
SAVILLE, MITCH 460.84
SECURITY FORCES INC 6,280.76
SECURITY SCALE SERVICE 14,146.48
SHREWSBURY'S PROPERTY MAINT. 5,600.00
SPINNAKER, LLC 661.22
THERMO SPECTRONIC 355.00
THOMPSON CHRYSLER-PLYMO 542.37
THOMPSON TIRE 3,411.00
THOMPSON, ERIC 425.03
TOMLIN, LINDA 369.91
INTERMET U.S. HOLDING, INC. (NEW RIVER) CASE NO. 04-67598
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
TRANSMAN (FREIGHT) 53,337.49
TREASURER OF VA-DEQ 3,058.75
TRIPLE M MANUFACTURING, INC. 107,000.00
TWO WAY RADIO INC 708.48
UNITED INDUSTRIAL SERVI 24,330.75
UNITED REFRACTORIES COM 32,078.80
UNITED WAY SAL 180.00
VA. DEPT OF TAXATION 9,640.02
VERIZON (17577) 4,432.54
WEDRON SILICA-FAIRMOUNT 35,427.00
WESTAFF USA INC. 396.72
WHEELABRATOR ABRASIVES 50,600.00
WILLIAM A. KIBBE & ASSO 495.00
WISE AIR, INC. 3,575.00
--------------
$ 4,628,564.58
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS: MONTHLY CASH STATEMENT
MONTH ENDED 5/31/2005
CASE # 04-67598
INTERMET U.S. HOLDING (COLUMBUS MACHINING)
-----------------------------------------------------------------
ACCOUNT TYPE LOCKBOX 77420 DEPOSIT AP PR (HOURLY) PR (SALARY)
ACCOUNT # 1477713 5401086409 2770716450 2770716443 2770716633
BANK Bank One Stan. Fed. Stan. Fed. Stan. Fed. Stan. Fed.
BEGINNING BANK BALANCE - - - - -
RECEIPTS - 130,747 - - -
TRANSFERS IN (CORPORATE) - - - - -
DIP INFLOW - - - - -
DISBURSEMENTS - - - - -
TRANSFERS OUT (CORPORATE) - (130,747) - - -
DIP REPAYMENT - - - - -
------------- ---------- ---------- ----------- -----------
ENDING BANK BALANCE - - - - -
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 1,937
CHECKS ISSUED -
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 33,471
CORPORATE DEBIT MEMOS 15,158
----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 50,565
==========
OUTSTANDING CHECKS AS OF APRIL 30 -
CHECKS ISSUED DURING MAY -
CHECK CLEARED DURING MAY -
----------
OUTSTANDING CHECKS AS OF MAY 31 $ -
==========
INTERMET U.S. HOLDING, INC.
CASE NO. 04-67598
AT 5/31/05
COLUMBUS MACHINING - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks -
Unadjusted GL Balance -
----------
$ -
==========
INTERMET U.S. HOLDING, INC. (COLUMBUS MACHINING) CASE NO. 04-67598
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
ATMOS ENERGY $ 32.92
BELL SOUTH 235.97
COLUMBUS WATER WORKS 57.38
GEORGIA CHILD SUPPORT 360.00
GEORGIA POWER 9,559.08
IMC PAYROLL (INCLUDES AMOUNTS DISBURSED BY CORPORATE) 33,470.50
PITNEY BOWES 432.80
RIVER MILL 206.20
SOUTHERN STATES 1,605.00
TRANSMAN LOGISTICS 1,937.06
VALUATION GROUP 1,950.00
VERIZON WIRELESS 575.63
WASTE MANAGEMENT 142.64
-----------
$ 50,565.18
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MAY 31, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: INTERMET U.S. HOLDING, INC. Capacity: ___ Shareholder
Case Number: 04-76598 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $ 0
DATED: JUNE 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 MAY 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67603
) Chapter 11
) Judge: Marci B. McIvor
IRONTON IRON, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and, (if not, attach written
explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization. (If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns. (If not, attach a written
explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: JUNE 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 5-31-05
($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 4 365
--------- ----------
Total Operating Expenses 4 362
Operating Profit (4) (325)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) - -
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) - -
--------- ----------
Total Non-Operating Expenses - -
Income Before Income Taxes (4) (325)
Income Tax Expense - -
--------- ----------
Net Income (4) (325)
========= ==========
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs May
(Allocation of Corporate Costs to Filing Entities)
(000's)
May
---------
Officer Compensation $ 189
Salary Expense other Employees 897
Employee Benefits and Pension 107
Payroll Taxes 57
Other Taxes 0
Rent and Lease Expense 185
Interest Expense
Insurance 62
Automobile and Truck Expense 10
Utilities(Gas Electric,Phone) 40
Depreciation 87
Travel and Entertainment 82
Repairs and Maintenance 45
Advertising/Promotion 0
Supplies, Office Expense 41
OTHER:
Contributions 2
Professional Fees - Audit/Tax 350
Bank Fees 31
Public Reporting Fees 15
Employee Relocation/Training 7
Data Processing 27
Dues and Subscriptions 12
Outside Services 92
Project Development Costs net of Billings 11
Director Fees 25
Miscellaneous 2
Legal Fees 157
Cost Allocation - Europe (78)
Cost Allocation - Out (175)
--------
$ 2,280
========
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 627
--------
Total $ 2,280
========
INTERMET Corp. and Subsidiaries
Balance Sheet as of 5-31-05
($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 $ 0
Wages and Salaries (See schedule) -
Taxes Payable - (See schedule) -
------------------
TOTAL POST PETITION LIABILITIES -
SECURED LIABILITIES:
SECURED 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
Retirement Benefits -
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities -
Long-Term Intercompany Payables 33,259
Minority Interest -
------------------
TOTAL LIABILITIES 34,010
Common Stock -
Capital In Excess Of Par Value 49,000
Retained Earnings - Prepetition (82,685)
Retained Earnings - Post Petition (325)
Equity In European Operations
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
------------------
TOTAL SHAREHOLDER EQUITY (34,010)
------------------
TOTAL LIABILITIES AND EQUITY $ -
==================
PERIOD ENDED: 05-31-05 IRONTON IRON, INC. CASE #04-67603
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
4/30/2005 Withheld Deposits 5/31/2005
--------- --------- ---------- ---------
Income tax withheld: Federal $ 0 $ 0 $ 0 $ 0
Income tax withheld: State $ 0 $ 0 $ 0 $ 0
Income tax withheld: Local $ 0 $ 0 $ 0 $ 0
FICA Withheld $ 0 $ 0 $ 0 $ 0
Employers FICA $ 0 $ 0 $ 0 $ 0
Unemployment Tax: Federal $ 0 $ 0 $ 0 $ 0
Unemployment Tax: State $ 0 $ 0 $ 0 $ 0
All Other Payroll W/H $ 0 $ 0 $ 0 $ 0
$ 0 $ 0 $ 0 $ 0
State Taxes: Inc./Sales/Use/Excise $ 0 $ 0 $ 0 $ 0
Property Taxes $ 0 $ 0 $ 0 $ 0
$ 0
Workers Compensation 0 0 0 0
--------- --------- ---------- ---------
Total $ 0 $ 0 $ 0 $ 0
Wages and Salaries 0 0 0 0
--------- --------- ---------- ---------
Grand Total $ 0 $ 0 $ 0 $ 0
========= ========= ========== =========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $ 0 $ 0 $ 0
Accounts Receivable $ 0 $ 0 $ 0
MONTHLY CASH STATEMENT
Period Ending: MAY 31, 2005
IRONTON IRON, INC.
Case Number: 04-67603
CASH ACTIVITY ANALYSIS (CASH BASIS ONLY):
General Payroll Tax Cash Coll. Petty Cash
Acct. Acct. Acct. Acct. Acct.
A. Beginning Balance _____ _____ _____ _____ _____
B. Receipts _____ _____ _____ _____ _____
(Attach separate schedule)
C. Balance Available _____ _____ _____ _____ _____
(A+B)
D. Less Disbursements _____ _____ _____ _____ _____
(Attach separate schedule)
E. Ending Balance N/A - COMPANY HAS NO BANK ACCOUNT
(C-D)
(PLEASE ATTACH COPIES OF MOST RECENT RECONCILED BANK STATEMENTS FROM EACH
ACCOUNT)
General Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Payroll Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Tax Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Other monies on hand (specify type and location) i.e., CD's, bonds, etc.:
________________________________________________________________________________
________________________________________________________________________________
Date: JUNE 20, 2005
___________________________
Debtor in Possession
Form 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MAY 31, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: IRONTON IRON, INC. Capacity: ___ Shareholder
Case Number: 04-67603 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $ 0
Dated: JUNE 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 MAY 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67606
) Chapter 11
) Judge: Marci B. McIvor
LYNCHBURG FOUNDRY, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: JUNE 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 5-31-05
($000's)
CASE #04-67606
LYNCHBURG
FOUNDRY
--------------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 8,312 63,978
Cost of Goods Sold
Materials and Freight 3,222 28,959
Wages - Hourly 1,241 9,780
Wages-Salary 337 2,625
Employee Benefits and Pension 841 7,023
Repairs & Maintenance 402 3,540
Supplies 544 4,603
Utilities 284 2,488
Purchased Components/Services 304 1,866
Income(loss) from Pattern Sales (22) (51)
Fixed Asset - (gain/loss) - (42)
MIS Expense 42 300
Travel & Entertainment 2 10
Other Variable Costs 273 3,305
Depreciation & Amortization 239 1,735
Other Allocated Fixed Costs - (2)
Other Fixed Costs 123 989
----- ------
Cost of Goods Sold 7,832 67,128
Gross Profit 480 (3,150)
Plant SG&A Expense 1 1
SG&A Expense - Allocation (Sched 1) 193 1,502
Other Operating Expenses - 270
----- ------
Total Operating Expenses 194 1,773
Operating Profit 286 (4,923)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (97) (526)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) 1 9
----- ------
Total Non-Operating Expenses (96) (517)
Income Before Income Taxes 190 (5,440)
Income Tax Expense - -
----- ------
Net Income 190 (5,440)
===== ======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs May
(Allocation of Corporate Costs to Filing Entities)
(000's)
May
------
Officer Compensation $ 189
Salary Expense other Employees 897
Employee Benefits and Pension 107
Payroll Taxes 57
Other Taxes 0
Rent and Lease Expense 185
Interest Expense
Insurance 62
Automobile and Truck Expense 10
Utilities(Gas Electric,Phone) 40
Depreciation 87
Travel and Entertainment 82
Repairs and Maintenance 45
Advertising/Promotion 0
Supplies, Office Expense 41
OTHER:
Contributions 2
Professional Fees - Audit/Tax 350
Bank Fees 31
Public Reporting Fees 15
Employee Relocation/Training 7
Data Processing 27
Dues and Subscriptions 12
Outside Services 92
Project Development Costs net of Billings 11
Director Fees 25
Miscellaneous 2
Legal Fees 157
Cost Allocation - Europe (78)
Cost Allocation - Out (175)
------
$2,280
======
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 627
------
Total $2,280
======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 5-31-05
($000's)
CASE #04-67606
--------------
LYNCHBURG
FOUNDRY
--------------
Cash And Equivalents $ -
Accounts Receivable 9,959
Short-Term Intercompany Receivables 26
Inventories 4,541
Other Current Assets 323
--------
TOTAL CURRENT ASSETS 14,849
Land and Buildings 19,915
Machinery & Equipment 53,034
Construction In Progress 79
--------
Total Fixed Assets 73,028
Accumulated Depreciation (59,021)
--------
NET FIXED ASSETS 14,007
Investment In Subsidiaries -
Investment In European Operations -
Long-Term Intercompany Receivables 843
Deferred Taxes, Long-Term Asset -
Other Assets 427
--------
TOTAL ASSETS $ 30,126
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 1,015
Wages and Salaries (See schedule) 429
Taxes Payable - (See schedule) 251
--------
TOTAL POST PETITION LIABILITIES 1,695
SECURED LIABILITIES:
SECURED 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 2,439
Short-Term Intercompany Payables 13
Retirement Benefits 1,056
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities 2,291
Long-Term Intercompany Payables 63
Minority Interest -
--------
TOTAL LIABILITIES 17,155
Common Stock -
Capital In Excess Of Par Value -
Retained Earnings - Prepetition 18,411
Retained Earnings - Post Petition (5,440)
Equity In European Operations -
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
--------
TOTAL SHAREHOLDER EQUITY 12,971
--------
TOTAL LIABILITIES AND EQUITY $ 30,126
========
PERIOD ENDED: 5-31-05 LYNCHBURG FOUNDRY (ARCHER CREEK) CASE #04-67606
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
04/30/05 Withheld Deposits 05/31/05
--------- ----------- ---------- ---------
Income tax withheld: Federal $ 0 ($ 195,845) $ 195,845 $ 0
Income tax withheld: State 0 (74,895) 74,895 0
Income tax withheld: Local 0 0 0 0
FICA Withheld 0 (122,276) 122,276 0
Employers FICA (20,784) (133,603) 123,030 (31,356)
Unemployment Tax: Federal (2,986) (224) 0 (3,210)
Unemployment Tax: State (8,752) (2,568) 0 (11,319)
All Other Payroll W/H (33,903) (82,694) 111,217 (5,381)
State Taxes: Inc./Sales/Use/Excise (50,438) (3,035) 1,026 (52,447)
Property Taxes (96,282) (25,262) 0 (121,544)
Workers Compensation (34,344) (31,750) 77,496 11,401
--------- ----------- ---------- ---------
Total ($247,491) ($ 672,151) $ 705,785 ($213,857)
Wages and Salaries (324,461) (1,676,339) 1,572,010 (428,789)
--------- ----------- ---------- ---------
Grand Total ($571,952) ($2,348,490) $2,277,795 ($642,646)
========= =========== ========== =========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) Total 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $ 1,014,659 $ 1,014,659 $ 0 $ 0
Accounts Receivable $10,360,535 10,038,523.00 $40,106 281,906.00
PERIOD ENDED: 05-31-05 LYNCHBURG FOUNDRY (RADFORD) CASE #04-67606
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
04/30/2005 Withheld Deposits 05/31/2005
---------- ---------- ---------- ----------
Income tax withheld: Federal $ 0 ($ 1,165) $ 1,165 $ 0
Income tax withheld: State 0 (514) 514 0
Income tax withheld: Local 0 0 0 0
FICA Withheld 0 (822) 822 0
Employers FICA 0 (822) 822 0
Unemployment Tax: Federal 0 0 0 0
Unemployment Tax: State 0 0 0 0
All Other Payroll W/H 0 (295) 295 0
State Taxes: Inc./Sales/Use/Excise 0 0 0 0
Property Taxes (50,491) (10,000) 23,913 (36,578)
Workers Compensation 0 0 0 0
-------- -------- ------- ----------
Total ($50,491) ($13,619) $27,532 ($ 36,578)
Wages and Salaries 0 0 0 0
-------- -------- ------- ----------
Grand Total ($50,491) ($13,619) $27,532 ($ 36,578)
======== ======== ======= ==========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days Total 0-30 Days 30-60 Days Over 60 Days
Accounts Payable - Post Petition $ 0 $ 0 $ 0 $ 0
Accounts Receivable -Pre & Post $ 0 $ 0 $ 0 $ 0
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 5/31/2005
MONTHLY CASH STATEMENT
CASE # 04-67606
LYNCHBURG FOUNDRIES - ARCHER CREEK
--------------------------------------------------------------------------
ACCOUNT TYPE LOCKBOX 77314 DEPOSIT AP PR (HOURLY) PR (SALARY)
ACCOUNT # 1599583 5401086466 2770716393 2770716385 2770716690
BANK Bank One - Inactive Stan. Fed. Stan. Fed. Stan. Fed. Stan. Fed.
BEGINNING BANK BALANCE - - - - -
RECEIPTS 562 2,389,272 - - -
TRANSFERS IN (CORPORATE) - - 1,713,242 1,429,340 316,363
DIP INFLOW - - - - -
DISBURSEMENTS - - (1,713,242) (1,429,340) (316,363)
TRANSFERS OUT (CORPORATE) (562) (2,389,272) - - -
DIP REPAYMENT - - - - -
----------- ---------- ----------- ---------- ----------
ENDING BANK BALANCE - - - - -
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 4,024,111
CHECKS ISSUED 1,639,456
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 1,742,757
CORPORATE DEBIT MEMOS 22,718
-----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS
RECONCILIATION) $ 7,429,042
===========
OUTSTANDING CHECKS AS OF APRIL 30 370,443
VOIDED CHECKS OUTSTANDING AS OF APRIL 30 (1,093)
CHECKS ISSUED DURING MAY 1,639,456
CHECK CLEARED DURING MAY (1,713,242)
-----------
OUTSTANDING CHECKS AS OF MAY 31 (SEE OUTSTANDING
CHECKLIST) $ 295,565
===========
LYNCHBURG FOUNDRY
CASE NO. 04-67606
AT 5/31/05
ARCHER CREEK - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 295,564.51
Unadjusted GL Balance 295,564.51
-----------
Difference $ -
===========
ARCHER CREEK
OUTSTANDING CHECKS
CASE NO. 04-67606
DATE CHECK OUTSTANDING
10/8/2004 15418 $ 28.35
10/8/2004 15419 85.61
10/8/2004 15421 28.35
10/11/2004 15430 52.67
10/14/2004 15447 42.76
10/15/2004 15452 296.64
10/22/2004 15555 48.50
4/12/2005 19012 3,239.70
4/15/2005 19134 172.55
4/26/2005 19359 250.00
4/26/2005 19388 2,700.00
4/29/2005 19435 396.13
4/29/2005 19471 880.85
4/29/2005 19476 140.17
4/29/2005 19480 230.45
5/5/2005 19561 2,015.64
5/6/2005 19591 6,020.00
5/6/2005 19617 499.00
5/6/2005 19619 442.36
5/10/2005 19684 6,460.00
5/10/2005 19685 4,400.00
5/10/2005 19686 7,415.00
5/13/2005 19731 801.00
5/13/2005 19778 250.00
5/13/2005 19779 817.00
5/13/2005 19780 495.31
5/13/2005 19787 438.00
5/13/2005 19788 14.70
5/13/2005 19806 318.95
5/17/2005 19835 396.00
5/17/2005 19842 2,732.40
5/17/2005 19845 29,045.06
5/17/2005 19847 161.21
5/18/2005 19852 1,000.00
5/19/2005 19859 52.64
5/19/2005 19860 510.69
5/19/2005 19861 428.38
5/20/2005 19920 4,790.50
5/20/2005 19924 161.93
5/20/2005 19930 182.24
5/20/2005 19931 24.00
5/20/2005 19938 112.85
5/20/2005 19939 3,559.50
5/20/2005 19942 1,434.00
5/23/2005 19950 80.00
5/24/2005 19965 3,500.00
5/24/2005 19968 28.25
5/24/2005 19971 935.00
5/24/2005 19978 102.91
5/24/2005 19979 248.92
5/24/2005 19984 219.14
5/24/2005 19985 13.50
5/24/2005 19989 90.00
5/24/2005 19990 165.18
5/24/2005 19991 1,080.00
5/24/2005 19992 84.00
5/24/2005 19993 265.00
5/24/2005 19994 9.75
5/24/2005 19995 717.80
5/24/2005 19996 1,150.00
5/24/2005 19997 260.00
5/24/2005 20001 1,929.99
5/25/2005 20003 1,618.30
5/25/2005 20004 16,464.00
5/25/2005 20007 9,428.50
5/25/2005 20008 816.00
5/26/2005 20011 627.00
5/26/2005 20012 958.26
5/26/2005 20013 4,896.00
5/26/2005 20014 1,502.79
5/26/2005 20015 2,222.00
5/26/2005 20016 194.33
5/26/2005 20017 2,015.64
5/26/2005 20019 96.00
5/27/2005 20025 1,106.10
5/27/2005 20026 2,181.82
5/27/2005 20027 57.94
5/27/2005 20028 3,740.00
5/27/2005 20029 4,129.51
5/27/2005 20030 269.45
5/27/2005 20031 1,144.92
5/27/2005 20032 130.29
5/27/2005 20033 4,526.52
5/27/2005 20034 5,426.01
5/27/2005 20035 1,976.82
5/27/2005 20036 5,651.52
5/27/2005 20037 204.47
5/27/2005 20038 2,750.00
5/27/2005 20039 21.39
5/27/2005 20040 900.00
5/27/2005 20041 130.00
5/27/2005 20042 584.15
5/27/2005 20043 548.00
5/27/2005 20044 617.08
5/27/2005 20045 1,532.41
5/27/2005 20046 3,780.05
5/27/2005 20047 821.16
5/27/2005 20048 3,217.50
5/27/2005 20049 370.00
5/27/2005 20050 171.00
5/27/2005 20051 41.77
5/27/2005 20052 1,060.00
5/27/2005 20053 4,277.30
5/27/2005 20054 225.00
5/27/2005 20055 662.41
5/27/2005 20056 7,583.92
5/27/2005 20057 137.50
5/27/2005 20058 5,324.02
5/27/2005 20059 94.99
5/27/2005 20060 1,120.00
5/27/2005 20061 767.60
5/27/2005 20062 1,200.00
5/27/2005 20063 589.85
5/27/2005 20064 48.26
5/27/2005 20065 2,826.79
5/27/2005 20066 6,669.76
5/27/2005 20067 398.28
5/27/2005 20068 3,447.08
5/27/2005 20069 64.90
5/27/2005 20070 2,072.10
5/27/2005 20071 688.80
5/27/2005 20072 92.38
5/27/2005 20073 67.20
5/27/2005 20074 146.28
5/27/2005 20075 528.93
5/27/2005 20076 520.13
5/27/2005 20077 6,818.56
5/27/2005 20078 99.23
5/27/2005 20079 11,017.82
5/27/2005 20080 11.93
5/27/2005 20081 600.00
5/27/2005 20083 3,998.91
5/27/2005 20084 1,809.33
5/27/2005 20085 50.00
5/27/2005 20086 1,674.03
5/27/2005 20087 7,703.42
5/27/2005 20089 259.20
5/27/2005 20090 935.00
5/27/2005 20091 437.01
5/27/2005 20092 1,329.50
5/27/2005 20093 451.25
5/27/2005 20094 138.70
5/27/2005 20095 37.95
5/27/2005 20096 10.90
5/27/2005 20097 5.75
5/27/2005 20098 33.96
5/27/2005 20099 2,070.00
5/27/2005 20100 267.38
5/27/2005 20101 3,559.50
5/27/2005 20102 105.65
5/27/2005 20103 181.43
5/27/2005 20104 220.00
5/27/2005 20105 110.00
5/27/2005 20106 10,290.00
5/27/2005 20107 3,900.60
5/27/2005 20108 5,448.00
5/27/2005 20109 10,056.79
295,564.51
LYNCHBURG FOUNDRY, INC. (ARCHER CREEK) CASE NO. 04-67606
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- --------------------------------------- -------------------
AC CONTROLS CO $ 1,206.87
ACE INSURANCE 21,480.54
ACTION MACHINERY 20,561.10
ADVANCED CARBIDE TOOL 8,763.70
ADVANCED TECH. SERVICE BUREAU 64.00
AEA TECHNOLOGY 85.30
AETNA U.S. HEALTHCARE 14,936.37
AFP INDUSTRIES 1,032.32
AG JEFFERSON 1,084.70
AIR PRODUCTS AND CHEMICALS 4,102.85
AIRGAS MID-AMERICA 1,624.64
ALABAMA BY-PRODUCTS 386,872.57
ALLIED MINERAL PRODUCTS 3,740.00
ALLOR MFG 2,405.20
ALLTEL 291.75
ALPHA OMEGA RESOURCES 557.18
ALTA SHOE SHOP INC 160.00
AMERIGAS - LYNCHBURG-MONROE 7,800.00
AMX PERFORMANCE CO 755.00
APPALACHIAN POWER CO 181,192.96
APPLIED ENGINEERING, INC 739.40
APPLIED IND. TECHNOLOGIES 15,708.62
APPOMATTOX FORD/MERCURY 543.95
APPOMATTOX GENERAL DISTRICT COURT 179.75
ARAMARK UNIFORM SERVICES 3,314.63
ARCET EQUIPMENT 2,748.21
ARCHER CREEK PAYROLL (INCLUDES AMOUNTS) 1,742,757.10
ARTISAND 130.29
AT&T 89.99
AT&T 688.80
ATLANTIC COAST TOYOTALIFT 10,454.46
ATL-EAST TAG & LABEL 833.20
AUTOCOM MANUFACTURING 302,172.85
AUTOTECH SYSTEMS 330.08
BANKS COMPANY 5,486.67
BARKER-JENNINGS 6,872.76
BENSHAW, INC 1,502.79
BFI 30,563.35
BLACK BOX CORPORATION 194.33
BMG METALS 5,212.67
BOND, CYNTHIA GALLIER 369.52
BOULEVARD PROPERTIES 821.25
BOXLEY AGGREGATES 612.05
BRAMMER SAFETY SUPPLY 13,246.90
BRC COMPANY 10,735.17
BRENNTAG SOUTHEAST 1,573.04
BUEHLER LTD 799.74
C&C TOOL & SUPPLY 449.74
CAMPBELL COUNTY TREASURER 998.90
CAMPBELL, MIKE, SR. 67.20
CANDLER OIL 19,488.36
CAPP, INC. 408.94
CARCO INC 396.84
CARLTON SCALE 8,250.00
CARRIER VIBRATING 2,152.10
CASTEC, INC 21.39
CC METALS & ALLOYS 130,937.63
LYNCHBURG FOUNDRY, INC. (ARCHER CREEK) CASE NO. 04-67606
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- ----------------------------- -------------------
CENTRAL TRANSPORT 218.39
CENTRAL VA COMMUNITY COLLEGE 136.70
CENTURY CONTROL SYSTEMS, INC 1,360.00
CHAMPION CHISEL WORKS 2,056.30
CHARITY GAMES 96.00
CHEMALLOY COMPANY, INC 420.00
CHEMICALS & SOLVENTS 404.95
CHILDRESS, J.D. 343.90
COLUMBIA GAS 4,790.50
COMMERICAL STEEL ERECTION 3,782.00
CONSUMER DORIN ADAMS 3,475.00
CON-WAY SOUTHERN EXPRESS 137.87
CROSS SALES & ENGINEERING 715.46
CSXT 10,896.00
CVCC BOOKSTORE 85.59
DAVIS, DOUGLAS, JR 1,927.80
DELTA AUTOMATION 1,128.60
DETEK 2,122.60
DICK HARRIS & SON TRUCK 3,348.06
DIDION INTERNATIONAL 317.83
DIKE-O-SEAL 999.06
DM&E RAILROAD 61,310.33
DODSON BROS. EXTERMINATING 177.00
DOLI/BOILER SAFETY 340.00
DOMINION METALLURGICAL 968.28
DOUGHERTY EQUIPMENT COMPANY 37.33
DRS. NEWMAN, BLACKSTOCK 801.00
ECK SUPPLY 15,104.45
ECONOMY ENERGY, LLC 82,200.00
ELECOM INC 1,276.46
ELECTRIC MELTING 584.15
ELECTROMOTIVE 1,133.00
ELKEM METALS 88,156.50
ELY CRANE AND HOIST 20,474.73
EMLEX CONSTRUCTION 6,120.00
ENGINEERING CHEMISTRY 2,083.25
ENTERPRISE 590.80
ENVIRONMENTAL RESOURCE CENTER 499.00
EQUIPMENT MERCHANTS, INTL 23,259.55
FAMILY SUPPORT REGISTRY 585.12
FARMERS BANK OF APPOMATTOX 442.36
FEDERAL RESERVE 450.00
FEI LYNCHBURG #75 142.41
FERBEE-JOHNSON CO 5,834.16
FERGUSON, RAYMOND 32.00
FINN PATTERN 40,400.00
FIRE & SAFETY EQUIPMENT 1,240.31
FIRTION, BRIAN 102.91
FMC TECHNOLOGIES 112.85
FOLKS, MELANIE 880.76
FOSECO 55,483.00
FOSTER ELECTRIC CO 318.95
FREEMAN MFG & SUPPLY 2,443.97
G E SUPPLY 896.87
G.E. CAPITAL 7,228.00
GENERAL KINEMATICS 4,193.70
GIVENS, RICHARD 858.93
GLOBE METALLURGICAL 197,059.20
LYNCHBURG FOUNDRY, INC. (ARCHER CREEK) CASE NO. 04-67606
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------ -------------------
HA INTERNATIONAL 42,284.77
HACH CHEMICAL COMPANY 397.40
HAJOCA CORPORATION 612.25
HALIFAX GENERAL DISTRICT COURT 520.13
HARBISON-WALKER REFRACTORIES 16,379.79
HAWKINS-GRAVES, INC 159.56
HAYES, ROBERT W. CO. 182.00
HERAEUS ELECTRO-NITE CO 15,670.35
HERBERT L. BESKIN 6,818.56
HI TECH MACHINING, LLC 10,056.79
HICKEY ELECTRIC COMPANY, INC 275.00
HILL AND GRIFFITH 25,997.60
HOPKINS, WILLIAM D 171.80
I.A.M. NATIONAL PENSION FUND 1,803.10
IKEY 59.00
INDUSTRIAL CONTROLS 693.07
INDUSTRIAL SUPPLY CORP 8,022.26
INGERSOLL-RAND CO 817.10
INTERNATIONAL ASSOC 396.00
INTERNATIONAL QUALITY CONTROL 6,140.00
J & M LOCOMOTIVE, INC 1,800.00
J.P. NISSEN CO 105.35
JACKSON WANDA K 297.69
JACKSON-HIRSH 58.51
JAMES D. ENGLISH 11,017.82
JAMES RIVER EQUIPMENT 183.12
JAMES T. DAVIS 136.54
JDN LEASING 3,500.00
JEFFERSON GALLERIES 1,562.27
JESUS BARAJAS CARLOS 27,864.59
JOBE& COMPANY 362.84
JOHNSON DIVERSE/DUBOIS 3,217.50
KATHRYN'S FLOWER SHOP 51.25
KEETER-DIXON-PEARRE 370.00
KENT RUDBECK 480.00
KEYENCE CORP. OF AMERICA 160.00
LABORATORY CORP. OF AMERICA 154.00
LAWRENCE EQUIPMENT 808.52
LEWIS SYSTEMS INC. 15,997.10
LEWIS, ANGELA V. 92.30
LION TECHNOLOGY, INC 795.00
LIVINGSTON AND HAVEN 148.44
LYNCHBURG STAMP & ENGRAVING CO 28.25
MAGALDI INDUSTRIE SRL 2,209.97
MARJO PLASTICS 3,719.04
MASTER GAGE & TOOL CO 1,900.00
MAYBERRY, SUSIE 1,063.40
MCBRIDE BLACKBURN OPTICIANS 294.00
MCI COMM SERVICE 11.93
MCMASTER-CARR SUPPLY 776.32
MECHANICAL TECHNOLOGIES 3,471.91
METSO MINERALS IND 77.70
MIDWESCO, INC 13,232.16
MONACAN INDIAN NATION, INC 100.00
MOORE'S MACHINE CO 15,092.00
MORRIS MATERIAL HANDLING 147.99
MOTION INDUSTRIES 1,286.98
NATIONAL AUTO PARTS 486.29
LYNCHBURG FOUNDRY, INC. (ARCHER CREEK) CASE NO. 04-67606
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- ----------------------------------- -------------------
NATIONAL MATERIAL TRADING 447,229.81
NCCJ 250.00
NEWARK INONE 554.16
NOEL SYSTEMS 1,000.00
NORTH AMERICAN MFG CO 3,900.60
OMNISOURCE FT WAYNE 2,437,263.16
O-N MINERALS JAMES RIVER OPERATIONS 4,000.00
OVERNITE TRANSPORTATION CO 74.91
PALLETONE OF VA 10,228.30
PIEDMONT FOUNDRY SUPPLY 131,621.17
PIEDMONT PLASTICS 1,349.75
PORTER WARNER IND 45,790.00
POTOMAC ENVIRONMENTAL 8,565.19
POWELL'S TRUCK & EQUIPMENT 5,836.50
PRECISION HYDRAULICS CO 5,037.24
PRIMETRADE (7,311.45)
PROCHEM ANALYTICAL 325.00
PROFORMA 861.52
PROVIDENT LIFE 81.46
QSI, INC 1,345.28
R.I. LAMPUS 84,961.76
RADIO COMM. CO 141.00
RAMSEY, MARTHA 817.00
REBECCA B. CONNELLY 600.00
RED HILL GRINDING WHEEL 5,310.60
REI CONSULTANTS 569.90
REXEL 3,625.00
RICHMOND SECURITY SERVICES 16,219.60
ROBERTS SINTO CORP 67.16
ROURA IRON WORKS, INC 181.43
RSC 3,213.00
SAFETY-KLEEN 1,188.00
SAF-GARD SAFETY SHOE 189.98
SALEM TOOLS 564.86
SERVICE FIRST 535.25
SHANAFELT MFG 329.36
SIMMS, DAVID 105.00
SMITH SERVICES 7,104.15
SOUTHEASTERN ENGINEERING SALES 501.25
SOUTHERN AIR 1,410.00
SOUTHERN MAINTENANCE SUPPLY 3,706.86
SPECIAL K LANDSCAPING 7,700.00
SPECIALTY FOUNDRY PRODUCTS 10,037.71
STAHL, INC 338.64
STATE OF MICHIGAN 25.00
STERICYCLE INC 355.84
SUNBELT RENTALS 1,691.25
SUPERIOR GRAPHITE 24,153.76
TDC FILTER MANUFACTURING, INC 1,180.00
TENNANT COMPANY 160.80
THE MASA CORP 589.85
THERMO ELECTRON SCIENTIFIC 480.28
THOMPSON TRUCKING 50,055.80
THYSSENKRUPP SPECIALTY STEELS 1,712.94
TICE - ANDERSON, PATSY 657.24
TIME TECHNOLOGIES 96.67
TORRENCE PLUMBING 5,914.03
TRANSFORMER ELECTRIC CO 395.00
LYNCHBURG FOUNDRY, INC. (ARCHER CREEK) CASE NO. 04-67606
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------ -------------------
TRANSMAN 20,437.00
TREASURER OF VA 19,250.22
TRENT, CLYDE L. 328.81
TRUCK BODY CORPORATION 48.26
TUCKER, DAVID 3,438.22
TUSCOLA SAGINAW BAY RAILWAY 41,342.27
TWIN SPECIALTIES 539.00
UMETCO INC 10,290.00
UNITED HYDRAULICS INC 8,034.56
UNITED WAY OF CENTRAL VA 1,809.33
VA CAROLINA BELTING 14,178.25
VA DEPT OF TAX 1,226.18
VA FLUID POWER 213.00
VALLEY FASTENERS 3,341.46
VBS 2,543.52
VERIZON 50.58
W.E.L. ENTERPRISES 4,293.00
WEBER MARKING SYSTEMS 1,498.23
WENDT DUNNINGTON 279.23
WEXFORD SAND COMPANY 15,800.00
WHEELABRATOR ABRASIVES 33,838.31
WHITING CORPORATION 2,800.00
WIGGINGTON RD FAMILY PRACTICE 138.00
WILLIAM A. KIBBEE & ASSOCIATES 300.00
WILLIAMS, CLARENCE 2,122.56
WOOLDRIDGE HEATING & AIR 2,275.00
WOOLRIDGE, KENYA 820.69
XEROX CORPORATION 1,929.86
XPEDX 7,317.14
-------------
$7,429,042.22
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 5/31/2005
MONTHLY CASH STATEMENT
CASE NO. 04-67606
LYNCHBURG FOUNDRIES - (RADFORD FOUNDRY)
---------------------------------------------------------------------------------------
ACCOUNT TYPE LOCKBOX 77307 DEPOSITORY AP PR (HOURLY) PR (SALARY)
ACCOUNT # 1599413 5401086474 2770716419 2770716401 2770716708
BANK Bank One Stan Fed Stan Fed - 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 -
PAYROLL DISBURSED (INCLUDES PAYROLL
PAID BY CORPORATE) -
CORPORATE DEBIT MEMOS 30,596
-------------------
TOTAL DISBURSEMENTS (SEE TOTAL
DISBURSEMENTS RECONCILIATION) $ 30,596
===================
NOTE: Radford's payroll is consolidated with the Corporate payroll due to
immateriality
NOTE II: Radford's disbursements are paid and allocated by Corporate.
RADFORD FOUNDRY CASE NO. 04-67606
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- --------------------------- -------------------
AETNA $ 103.58
CITY OF RADFORD 6,065.99
LINA 8.00
NORFOLK SOUTHERN 25.00
PROVIDENT LIFE 49.59
TREASURER, CITY OF RADFORD 23,913.35
VIRGINIA DEPT. OF TAXATION 430.92
-------------------
$ 30,596.43
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MAY 31, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: LYNCHBURG FOUNDRY, INC. Capacity: ___ Shareholder
Case Number: 04-67606 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $0
Dated: JUNE 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 MAY 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67608
) Chapter 11
) Judge: Marci B. McIvor
NORTHERN CASTINGS CORP. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and, (if not, attach written
explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: JUNE 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 5-31-05
($000's)
CASE #04-67608
NORTHERN
CASTINGS
------------------------------------------
Current Month Total Since Filing
----------------- --------------------
Net Sales 1,642 12,647
Cost of Goods Sold
Materials and Freight 260 3,315
Wages - Hourly 232 1,812
Wages-Salary 85 660
Employee Benefits and Pension 126 839
Repairs & Maintenance 90 659
Supplies 86 714
Utilities 144 1,170
Purchased Components/Services 117 565
Income(loss) from Pattern Sales - (168)
Fixed Asset - (gain/loss) - -
MIS Expense 13 95
Travel & Entertainment 4 17
Other Variable Costs 96 285
Depreciation & Amortization 40 333
Other Allocated Fixed Costs - -
Other Fixed Costs 22 154
----- ------
Cost of Goods Sold 1,315 10,450
Gross Profit 327 2,197
Plant SG&A Expense (1) (1)
SG&A Expense - Allocation (Sched 1) 51 394
Other Operating Expenses - -
----- ------
Total Operating Expenses 50 393
Operating Profit 277 1,804
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (26) (114)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) - -
----- ------
Total Non-Operating Expenses (26) (114)
Income Before Income Taxes 251 1,690
Income Tax Expense - 4
----- ------
Net Income 251 1,686
===== ======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs May
(Allocation of Corporate Costs to Filing Entities)
(000's)
May
--------
Officer Compensation $ 189
Salary Expense other Employees 897
Employee Benefits and Pension 107
Payroll Taxes 57
Other Taxes 0
Rent and Lease Expense 185
Interest Expense
Insurance 62
Automobile and Truck Expense 10
Utilities(Gas Electric,Phone) 40
Depreciation 87
Travel and Entertainment 82
Repairs and Maintenance 45
Advertising/Promotion 0
Supplies, Office Expense 41
OTHER:
Contributions 2
Professional Fees - Audit/Tax 350
Bank Fees 31
Public Reporting Fees 15
Employee Relocation/Training 7
Data Processing 27
Dues and Subscriptions 12
Outside Services 92
Project Development Costs net of Billings 11
Director Fees 25
Miscellaneous 2
Legal Fees 157
Cost Allocation - Europe (78)
Cost Allocation - Out (175)
-------
$ 2,280
=======
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 627
-------
Total $ 2,280
=======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 5-31-05
($000's)
CASE #04-67608
--------------
NORTHERN
CASTINGS
--------------
Cash And Equivalents $ -
Accounts Receivable 2,152
Short-Term Intercompany Receivables -
Inventories 993
Other Current Assets 3
--------
TOTAL CURRENT ASSETS 3,148
Land and Buildings 2,266
Machinery & Equipment 9,632
Construction In Progress 855
--------
Total Fixed Assets 12,753
Accumulated Depreciation (10,060)
--------
NET FIXED ASSETS 2,693
Investment In Subsidiaries -
Investment In European Operations -
Long-Term Intercompany Receivables 11,425
Deferred Taxes, Long-Term Asset -
Other Assets 122
--------
TOTAL ASSETS $ 17,388
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 281
Wages and Salaries (See schedule) 69
Taxes Payable - (See schedule) 38
--------
TOTAL POST PETITION LIABILITIES 388
SECURED LIABILITIES:
SECURED 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 384
Short-Term Intercompany Payables 271
Retirement Benefits -
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities -
Long-Term Intercompany Payables -
Minority Interest -
--------
TOTAL LIABILITIES 2,782
Common Stock -
Capital In Excess Of Par Value 1,800
Retained Earnings - Prepetition 11,120
Retained Earnings - Post Petition 1,686
Equity In European Operations
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
--------
TOTAL SHAREHOLDER EQUITY 14,606
--------
TOTAL LIABILITIES AND EQUITY $ 17,388
========
PERIOD ENDED: 05-31-05 NORTHERN CASTINGS CORP. CASE #04-67608
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued/ Payments/ as of
4/30/2005 Withheld Deposits 5/31/2005
------------ ------------ ------------- -------------
Income tax withheld: Federal ($ 4,933) ($ 28,371) $ 27,815 ($ 5,488)
Income tax withheld: State (2,295) (12,918) 12,530 (2,683)
Income tax withheld: Local 0 0 0 0
FICA Withheld (4,436) (24,421) 23,190 (5,667)
Employers FICA (4,140) (18,738) 17,505 (5,373)
Unemployment Tax: Federal (626) (4,477) 61 (5,042)
Unemployment Tax: State 0 0 0 0
All Other Payroll W/H 0 0 0 0
State Taxes: Inc./Sales/Use/Excise (3,043) (1,528) 3,043 (1,528)
Property Taxes (16,500) (2,000) 10,944 (7,556)
Workers Compensation (6,911) (7,000) 8,854 (5,057)
----------- ----------- ---------- -----------
Total ($ 42,884) ($ 99,453) $ 103,942 ($ 38,395)
Wages and Salaries (64,424) (36,131) 31,722 (68,833)
----------- ----------- ---------- -----------
Grand Total ($ 107,308) ($ 135,584) $ 135,664 ($ 107,228)
=========== =========== ========== ===========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) Total 0-30 Days 30-60 Days Over 60 Days
------------ ----------- ------------ --------------
Accounts Payable $ 280,510 $ 280,510 $ 0 $ 0
Accounts Receivable $ 2,251,244 $ 1,999,400 $ 43,416 $ 208,428
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS: MONTHLY CASH STATEMENT
MONTH ENDED 5/31/2005
CASE # 04-67608
NORTHERN CASTINGS (HIBBING)
--------------------------------------------------------------------------
ACCOUNT TYPE LOCKBOX 77122 DEPOSIT AP PR (HOURLY) PR (SALARY)
ACCOUNT # 1261483 5401086458 2770716435 2770716427 2770716682
BANK Bank One Stan. Fed. Stan. Fed. Stan. Fed. Stan. Fed.
BEGINNING BANK BALANCE - - - - -
RECEIPTS - 1,135,270 - - -
TRANSFERS IN (CORPORATE) - - 638,233 225,823 69,992
DIP INFLOW - - - - -
DISBURSEMENTS - - (638,233) (225,823) (69,992)
TRANSFERS OUT (CORPORATE) - (1,135,270) - - -
DIP REPAYMENT - - - - -
--------------------------------------------------------------------------
ENDING BANK BALANCE - - - - -
MATERIALS & OTHER DISBURSEMENTS
PAID FOR BY CORPORATE 435,044
CHECKS ISSUED 567,504
PAYROLL DISBURSED (INCLUDES
PAYROLL PAID BY CORPORATE) 334,347
CORPORATE DEBIT MEMOS 4,672
--------------
TOTAL DISBURSEMENTS (SEE TOTAL
DISBURSEMENTS RECONCILIATION) $ 1,341,567
==============
OUTSTANDING CHECKS AS OF APRIL 30 169,776
VOIDED CHECKS OUTSTANDING AS OF APRIL 30 -
CHECKS ISSUED DURING MAY 567,504
CHECK CLEARED DURING MAY (635,190)Dept of Revenue EFT of $ 3,043 excluded.
--------------
OUTSTANDING CHECKS AS OF MAY 31
(SEE OUTSTANDING CHECKLIST) $ 102,090
==============
NORTHERN CASTINGS CORP
CASE NO. 04-67608
AT 5/31/05
HIBBING - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 102,090.00
Unadjusted GL Balance 102,090.00
-------------
Difference $ -
=============
NORTHERN CASTINGS CORP
OUTSTANDING CHECKS
CASE NO. 04-67608
DATE CHECK OUTSTANDING
4/14/2005 76616 $ 1,320.00
4/27/2005 76739 2,757.72
5/11/2005 76834 1,217.99
5/19/2005 76863 5,001.09
5/19/2005 76877 321.56
5/19/2005 76887 25.00
5/19/2005 76893 2,760.11
5/20/2005 76898 2,526.00
5/24/2005 76901 192.00
5/25/2005 76906 5,797.39
5/25/2005 76907 4,151.76
5/25/2005 76908 1,499.52
5/25/2005 76913 1,221.00
5/25/2005 76914 35.94
5/25/2005 76915 1,330.00
5/25/2005 76918 119.19
5/25/2005 76919 44.92
5/25/2005 76920 739.52
5/25/2005 76921 23,358.91
5/25/2005 76922 8.84
5/25/2005 76923 748.70
5/25/2005 76924 737.30
5/25/2005 76925 4,860.00
5/25/2005 76926 105.57
5/25/2005 76927 1,638.00
5/25/2005 76928 102.57
5/25/2005 76929 7,974.00
5/25/2005 76930 313.77
5/25/2005 76933 1,214.00
5/25/2005 76934 291.18
5/25/2005 76936 200.00
5/25/2005 76937 129.13
5/25/2005 76938 47.93
5/25/2005 76939 657.72
5/25/2005 76940 1,610.28
5/25/2005 76943 126.23
5/25/2005 76944 1,285.00
5/25/2005 76945 7,543.18
5/25/2005 76946 69.15
5/25/2005 76947 50.00
5/25/2005 76948 750.00
5/27/2005 76949 773.00
5/31/2005 76950 6,229.75
5/31/2005 76951 1,191.00
5/31/2005 76952 5,000.00
5/31/2005 76953 1,684.20
5/31/2005 76954 2,329.88
$102,090.00
NORTHERN CASTINGS CORPORATION CASE NO. 04-67608
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- ---------------------------------------------- -------------------
3 RIVERS TRUCKING, INC. $ 17,879.34
ACE INSURANCE 18.00
AETNA U.S. HEALTHCARE 1,478.33
AIR HYDRAULICS SYSTEMS 5,797.39
AIRGAS 5,704.85
ALAN QUICK 86.40
ALLIED MINERAL PRODUCTS 1,499.52
ALTER TRADING 42,164.11
AMERICAN COLLOID 13,668.48
AMERICAN COLLOID CO 17,241.69
AMERICAN LINEN & APPAREL 362.99
AMERIPRIDE LINEN 349.90
AMERIPRIDE LINEN & APPAREL 780.79
ANDERSON-CRANE RUBBER 887.47
APPLIED IND 167.39
APPLIED IND.TECH. 363.23
ARLYS NAGLER 25.00
ARROWHEAD EMS CONFERENCE 540.00
B&R ENGINEERING 1,778.40
BALDWIN SUPPLY 7,228.87
BARR ENGINEERING 35.94
BEAR COUNTRY MARKETING 1,995.00
BEHR IRON 283,998.39
BEHR SPECIALTY 6,260.00
BOB SCOFIELD 3,768.00
BOB SCOFIELD TRUCKING 16,368.78
BRUCE BECKSTROM 106.06
BRUCE SMITH 2,236.00
BUSCHE ENTERPRISE DIV. 64.13
BUSHE ENTERPRISE DIV 119.19
CARQUEST AUTO PARTS 122.82
CARRIER VIBRATING EQUIP 739.52
CAST CORPORATION 41,827.00
COLLECTION BUREAU OF LITTLE FALLS 46.05
DISA 7,290.40
DIXIE INDUSTRIAL FINISHING 1,896.91
DORSEY & WHITNEY 3,820.00
EESCO 677.68
ELKEM 71,053.95
ENTERPRISE 766.34
EXPRESS PRINT 1 22.37
FASTENAL COMPANY 748.70
FERRELLGAS 1,577.19
G & B MAINTENANCE 192.00
G A PN ENGINEERING, INC. 476.00
GEARYS GROCERY INC. 17.74
GIL-MAR MANUFACTURING 22,076.25
GREAT WESTERN RECYCLING 4,865.19
HERAEUS ELECRRO-NITE CO. 676.84
HIBBING COMMUNITY COLLEGE 2,260.00
HIBBING DAILY TRIBUNE 202.05
HIBBING PAYROLL (INCLUDES AMOUNTS DISBURSED BY CORPORATE) 334,347.48
NORTHERN CASTINGS CORPORATION CASE NO. 04-67608
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- ---------------------------------------------- -------------------
HI-TEMP 12,796.13
HI-TEMP INCORPORATED 6,229.75
HYTEST SAFETY FOOTWEAR 105.57
I.R.B. INC 1,638.00
IRON AGE CORPORATION 102.57
IRS 150.00
J&B EQUIPMENT 299.13
JEFF NYLUND 813.68
KEVIN LINDER 39.78
L & S ELECTRIC 1,340.00
LAND INSTRUMENTS 194.23
LARPEN METALLURGICAL 15,546.00
LECO CORPORATION 1,007.28
LIFT PRO 313.77
LINA 8.00
LOCAL GMP 21 B 1,290.00
MARK LUCARELLI 317.42
MAX GRAY CONSTRUCTION 63,152.00
MCMASTER-CARR SUPPLY 764.27
MEDOKOTE CORPORATION 2,329.88
METOKOTE CORP. 4,984.88
MIDWEST COMPUTER DEPOT 599.25
MILLER & CO. 21,383.84
MINNESOTA INDUSTRIES 2,749.90
MINNESOTA POWER 124,453.60
MINNESOTA REVENUE 1,217.99
MINNESOTA SUPPLY CO. 3,202.51
MINN-TECH ELECTRONICS 464.20
MN CHILD SUPPORT 3,636.22
MN DEPT OF REV 87.81
MN OFFICE OF ENVIROMENTAL 800.00
MORRIS MATERIAL HANDLING 6,511.07
NEW CASTLE E-COATING 379.80
NORTHEAST TECHNICAL SER. 341.25
NORTHERN BALANCE 2,920.50
NORTHERN TECHNOLOGIES 348.56
NORTHLAND CONSULTING 2,715.00
OCCUPATIONAL DEV. CENTER 6,678.20
OFFICE NORTH, INC. 728.26
OVERHEAD DOOR CO. 458.45
PAT JANASHAK 775.68
PROVIDENT 363.06
PROVIDENT LIFE 67.29
PUBLIC UTILITIES 19,553.23
R.E. NICHOLSON VENTURES 200.00
RADKO IRON & SUPPLY 488.33
RANGE AUTO GLASS 69.23
RANGE BUILDING MAINT. 1,166.18
RANGE CORNICE ROOFING 204.00
RANGE STEEL FABRICATORS 2,313.18
RANGE WATER CONDITIONING 47.93
RCB COLLECTIONS 48.16
RODNEY'S RADIATOR 657.72
ROGER RASK 1,998.03
NORTHERN CASTINGS CORPORATION CASE NO. 04-67608
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- ---------------------------------------------- -------------------
ROGER SELINE 3,023.22
RRHS UMCM MESABA CLINIC 130.00
SECURITAS SEC SERV 3,203.79
SIM SUPPLY, INC. 282.80
SIMPLEXGRINNELL LP 67.25
ST LOUIS COUNTY WASTE DEPT 20,000.00
ST. LOUIS COUNTY AUDITOR 10,944.16
SULLIVAN CANDY & SUPPLY 750.67
TDS METROCOM 615.66
TOWN AND COUNTRY ELECTRIC 9,514.46
TRANSMAN 4,443.60
TRITEC OF MN INC. 2,075.00
TTS 126.23
UNIMIN 12,000.00
UTILITY CHEMICAL INC. 7,140.01
VICKERS ENG 12,283.60
VWR SCIENTIFIC PRODUCTS 1,388.35
WEIGH-RITE SCALE CO 173.80
WHEELABRATOR GROUP 3,677.73
----------------
$ 1,341,567.22
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MAY 31, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: NORTHERN CASTINGS CORP. Capacity: ___ Shareholder
Case Number: 04-67608 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance ______ _______
Life Insurance ______ _______
Retirement ______ _______
Company Vehicle ______ _______
Entertainment ______ _______
Travel ______ _______
Other Benefits ______ _______
Total Benefits ______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid ______ _______
Loans ______ _______
Other (Describe) ______ _______
Other (Describe) ______ _______
Other (Describe) ______ _______
Total Other Payments ______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
______ $ 0
Dated: JUNE 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 MAY 31, 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: JUNE 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 Months Ended 5-31-05
($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
Corporate Selling, General and Administrative Costs Schedule 1
(Allocation of Corporate Costs to Filing Entities) May
(000's)
May
-------
Officer Compensation $ 189
Salary Expense other Employees 897
Employee Benefits and Pension 107
Payroll Taxes 57
Other Taxes 0
Rent and Lease Expense 185
Interest Expense
Insurance 62
Automobile and Truck Expense 10
Utilities(Gas Electric,Phone) 40
Depreciation 87
Travel and Entertainment 82
Repairs and Maintenance 45
Advertising/Promotion 0
Supplies, Office Expense 41
OTHER:
Contributions 2
Professional Fees - Audit/Tax 350
Bank Fees 31
Public Reporting Fees 15
Employee Relocation/Training 7
Data Processing 27
Dues and Subscriptions 12
Outside Services 92
Project Development Costs net of Billings 11
Director Fees 25
Miscellaneous 2
Legal Fees 157
Cost Allocation - Europe (78)
Cost Allocation - Out (175)
-------
$ 2,280
=======
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 627
-------
Total $ 2,280
=======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 5-31-05
($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 76
--------
TOTAL ASSETS $ 12,943
========
Liabilities and Shareholder Equity
Post Petition Liabilities
Accounts Payable $ 0
Wages and Salaries (See schedule) -
Taxes Payable - (See schedule) -
--------
TOTAL POST PETITION LIABILITIES -
SECURED LIABILITIES:
SECURED 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 1
Short-Term Intercompany Payables -
Retirement Benefits -
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities -
Long-Term Intercompany Payables 64,312
Minority Interest -
--------
Total Liabilities 62,331
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 $ 12,943
========
PERIOD ENDED: 05-31-05 SUDBURY INC. CASE #04-67613
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
4/30/2005 Withheld Deposits 5/31/2005
--------------------------------------------------------------------
Income tax withheld: Federal $0 $0 $0 $0
Income tax withheld: State $0 $0 $0 $0
Income tax withheld: Local $0 $0 $0 $0
FICA Withheld $0 $0 $0 $0
Employers FICA $0 $0 $0 $0
Unemployment Tax: Federal $0 $0 $0 $0
Unemployment Tax: State $0 $0 $0 $0
All Other Payroll W/H $0 $0 $0 $0
$0 $0 $0 $0
State Taxes: Inc./Sales/Use/Excise $0 $0 $0 $0
Property Taxes $0 $0 $0 $0
$0
Workers Compensation 0 0 0 0
--------------------------------------------------------------------
Total $0 $0 $0 $0
Wages and Salaries 0 0 0 0
--------------------------------------------------------------------
Grand Total $0 $0 $0 $0
====================================================================
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $ 0 $ 0 $ 0
Accounts Receivable $ 0 $ 0 $ 7,000
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS: MONTHLY CASH STATEMENT
MONTH ENDED 5/31/2005
CASE # 04-67613
SUDBURY, INC.
-----------------------------------
ACCOUNT TYPE INVESTMENT INVESTMENT
ACCOUNT # 413046662076 413046663076
BANK Morgan Stanley Morgan Stanley
BEGINNING BANK BALANCE 555 289,226
RECEIPTS 1 600
TRANSFERS IN (CORPORATE) - 556
DIP INFLOW - -
DISBURSEMENTS - (60)
TRANSFERS OUT (CORPORATE) (556) (289,781)
DIP REPAYMENT - -
ENDING BANK BALANCE 0 541
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MAY 31, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: SUDBURY, INC. Capacity: ___ Shareholder
Case Number: 04-67613 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
Health Insurance _______ _______
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: JUNE 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 MAY 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67602
) Chapter 11
) Judge: Marci B. McIvor
SUDM, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting
of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization. (If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: JUNE 20, 2005 /s/ Robert E. Belts
---------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- --------------
Title Phone
MONTHLY CASH STATEMENT
Period Ending: MAY 31, 2005
SUDM, INC.
Case Number: 04-67602
CASH ACTIVITY ANALYSIS (CASH BASIS ONLY):
General Payroll Tax Cash Coll. Petty Cash
Acct. Acct. Acct. Acct. Acct.
A. Beginning Balance _____ _____ _____ _____ _____
B. Receipts _____ _____ _____ _____ _____
(Attach separate schedule)
C. Balance Available _____ _____ _____ _____ _____
(A+B)
D. Less Disbursements _____ _____ _____ _____ _____
(Attach separate schedule)
E. Ending Balance ALL ACTIVITY FOR SUDM, INC. IS REPORTED 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: JUNE 20, 2005 ___________________________
Debtor in Possession
Form 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MAY 31, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: SUDM, INC. Capacity: ___ Shareholder
Case Number: 04-67602 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $ 0
Dated: JUNE 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 MAY 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67610
) Chapter 11
) Judge: Marci B. McIvor
TOOL PRODUCTS, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting
of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization. (If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: JUNE 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 5-31-05
($000's)
CASE # 04-67610
TOOL
PRODUCTS, INC.
------------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 5,164 39,490
Cost of Goods Sold
Materials and Freight 470 6,041
Wages - Hourly 1,226 9,217
Wages-Salary 332 2,208
Employee Benefits and Pension 463 3,735
Repairs & Maintenance 282 1,114
Supplies 199 1,706
Utilities 249 1,868
Purchased Components/Services 1,633 8,899
Income(loss) from Pattern Sales - 3
Fixed Asset - (gain/loss) - 2
MIS Expense 19 154
Travel & Entertainment 31 123
Other Variable Costs 229 1,051
Depreciation & Amortization 230 1,695
Other Allocated Fixed Costs - (1)
Other Fixed Costs 84 564
----- ------
Cost of Goods Sold 5,447 38,379
Gross Profit (283) 1,111
Plant SG&A Expense 73 536
SG&A Expense - Allocation (Sched 1) 137 1,066
Other Operating Expenses - 567
----- ------
Total Operating Expenses 210 2,169
Operating Profit (493) (1,058)
Outside Interest Income - -
Outside Interest (Expense) (1) (47)
Intercompany Interest Income - -
Intercompany Interest (Expense) (104) (648)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) - -
----- ------
Total Non-Operating Expenses (105) (695)
Income Before Income Taxes (598) (1,753)
Income Tax Expense 57 298
----- ------
Net Income (655) (2,051)
===== ======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs May
(Allocation of Corporate Costs to Filing Entities)
(000's)
May
------
Officer Compensation $ 189
Salary Expense other Employees 897
Employee Benefits and Pension 107
Payroll Taxes 57
Other Taxes 0
Rent and Lease Expense 185
Interest Expense
Insurance 62
Automobile and Truck Expense 10
Utilities(Gas Electric,Phone) 40
Depreciation 87
Travel and Entertainment 82
Repairs and Maintenance 45
Advertising/Promotion 0
Supplies, Office Expense 41
OTHER:
Contributions 2
Professional Fees - Audit/Tax 350
Bank Fees 31
Public Reporting Fees 15
Employee Relocation/Training 7
Data Processing 27
Dues and Subscriptions 12
Outside Services 92
Project Development Costs net of Billings 11
Director Fees 25
Miscellaneous 2
Legal Fees 157
Cost Allocation - Europe (78)
Cost Allocation - Out (175)
------
$2,280
======
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 627
------
Total $2,280
======
INTERMET Corp. and Subsidiaries
Balance Sheet as of 5-31-05
($000's)
CASE # 04-67610
---------------
TOOL
PRODUCTS, INC.
---------------
Cash And Equivalents $ 1
Accounts Receivable 6,852
Short-Term Intercompany Receivables 691
Inventories 5,470
Other Current Assets 159
-----------
TOTAL CURRENT ASSETS 13,173
Land and Buildings 11,014
Machinery & Equipment 24,982
Construction In Progress 817
-----------
Total Fixed Assets 36,813
Accumulated Depreciation (14,396)
-----------
NET FIXED ASSETS 22,417
Investment In Subsidiaries -
Investment In European Operations -
Long-Term Intercompany Receivables 8,606
Deferred Taxes, Long-Term Asset -
Other Assets -
-----------
TOTAL ASSETS $ 44,196
===========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 1,739
Wages and Salaries (See schedule) 238
Taxes Payable - (See schedule) 490
-----------
TOTAL POST PETITION LIABILITIES 2,467
SECURED LIABILITIES:
SECURED DEBT 278
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes -
Accrued Tax - State -
Accrued Property Taxes -
Accrued Workers Comp. 339
Accrued Payroll 64
Accrued Payroll Taxes -
-----------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 403
UNSECURED LIABILITIES
Accounts Payable 6,624
Senior & IDR Bonds -
-----------
TOTAL UNSECURED LIABILITIES 6,624
OTHER LIABILITIES
Accrued Liabilities 2,440
Short-Term Intercompany Payables 496
Retirement Benefits 242
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities -
Long-Term Intercompany Payables 1,896
Minority Interest -
-----------
TOTAL LIABILITIES 14,846
Common Stock -
Capital In Excess Of Par Value 19,200
Retained Earnings - Prepetition 12,201
Retained Earnings - Post Petition (2,051)
Equity In European Operations
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
-----------
TOTAL SHAREHOLDER EQUITY 29,350
-----------
TOTAL LIABILITIES AND EQUITY $ 44,196
===========
PERIOD ENDED: 05-31-05 TOOL PRODUCTS, INC. (JACKSON) CASE #04-67610
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
4/30/2005 Withheld Deposits 5/31/2005
----------- ---------- ---------- ----------
Income tax withheld: Federal $ 0 ($ 65,561) $ 57,910 ($ 7,651)
Income tax withheld: State 0 0 0 0
Income tax withheld: Local 0 0 0 0
FICA Withheld 0 (44,621) 38,586 (6,036)
Employers FICA 0 (44,621) 38,586 (6,036)
Unemployment Tax: Federal (974) (731) 0 (1,704)
Unemployment Tax: State (3,228) (2,556) 0 (5,783)
All Other Payroll W/H (264) (13,626) 11,014 (2,876)
State Taxes: Inc./Sales/Use/Excise (669) (669) 0 (1,338)
Property Taxes (33,000) (9,000) 0 (42,000)
Workers Compensation (39,242) (6,151) (2,754) (48,147)
---------- --------- --------- ---------
Total ($ 77,377) ($187,535) $ 143,342 ($121,570)
Wages and Salaries (206,552) (41,836) 106,640 (141,748)
---------- --------- --------- ---------
Grand Total ($ 283,928) ($229,371) $ 249,982 ($263,318)
========== ========= ========= =========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) Total 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $ 352,906 $ 352,906 $ 0 $ 0
Accounts Receivable $2,219,222 $2,038,633 $ 39,421 $ 141,169
05-31-05 TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE #04-67610
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments/ as of
4-30-05 Withheld Deposits 05-31-05
----------- ----------- --------- ----------
Income tax withheld: Federal $ 0 $ 0 $ 0 $ 0
Income tax withheld: State $ 0 $ 0 $ 0 $ 0
Income tax withheld: Local $ 0 $ 0 $ 0 $ 0
FICA Withheld $ 0 $ 0 $ 0 $ 0
Employers FICA $ 0 $ 0 $ 0 $ 0
Unemployment Tax: Federal $ 0 $ 0 $ 0 $ 0
Unemployment Tax: State $ 0 $ 0 $ 0 $ 0
All Other Payroll W/H $ 0 $ 0 $ 0 $ 0
State Taxes: Inc./Sales/Use/Excise ($ 57,000) ($ 57,000) $ 0 ($ 114,000)
Property Taxes ($ 22,515) ($ 9,732) $ 0 ($ 32,247)
Workers Compensation ($ 195,666) ($ 31,000) $ 3,820 ($ 222,846)
---------- ---------- --------- ----------
Total ($ 275,181) ($ 97,732) $ 3,820 ($ 369,093)
Wages and Salaries ($ 192,357) $ 96,629 $ 0 ($ 95,728)
---------- ---------- --------- ----------
Grand Total ($ 467,538) ($ 1,103) $ 3,820 ($ 464,822)
========== ========== ========= ==========
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 $1,386,834 $1,386,834 $ 0 $ 0
Accounts Receivable $5,219,492 $3,603,612 $898,054 $717,827
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 5/31/2005
MONTHLY CASH STATEMENT
CASE # 04-67610
Tool Products, Inc (Jackson)
-----------------------------------------------------------------------------
ACCOUNT TYPE LOCKBOX LOCKBOX 672984 AP AP PR PR
ACCOUNT # 5402699408 1851811321 2770721757 2176982870 2770721765 2176983068
BANK Stan Fed Comerica Stan Fed Comerica Stan Fed Comerica
BEGINNING BANK BALANCE - - - - - -
RECEIPTS 1,781,065 8,467 - - - -
TRANSFERS IN (CORPORATE) - - 880,558 - 413,958 -
DIP INFLOW - - - - - -
DISBURSEMENTS - - (880,558) - (413,958) -
TRANSFERS OUT (CORPORATE) (1,781,065) (8,467) - - - -
DIP REPAYMENT - - - - - -
---------- ------ ----------- --- -------- ---
ENDING BANK BALANCE - - - -
MATERIALS & OTHER DISBURSEMENTS PAID
FOR BY CORPORATE 907,824
CHECKS ISSUED 800,183
PAYROLL DISBURSED (INCLUDES PAYROLL
PAID BY CORPORATE) 488,628
CORPORATE DEBIT MEMOS 1,262
-----------
TOTAL DISBURSEMENTS (SEE TOTAL
DISBURSEMENTS RECONCILIATION) $ 2,197,897
===========
OUTSTANDING CHECKS AS OF APRIL 30 175,915
VOIDED CHECKS OUTSTANDING AS OF APRIL 30 (68.16)
CHECKS ISSUED DURING MAY 800,183
CHECK CLEARED DURING MAY (880,558)
-----------
OUTSTANDING CHECKS AS OF MAY 31
(SEE OUTSTANDING CHECKLIST) $ 95,472
===========
TOOL PRODUCTS, INC.
CASE NO. 04-67610
AT 5/31/05
JACKSON - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 95,472.47
Misc Reconciling Items Adjusted in May (10.00)
-----------
95,462.47
Unadjusted GL Balance 95,462.47
-----------
Difference $ -
===========
JACKSON
OUTSTANDING CHECKS
CASE NO. 04-67610
DATE CHECK OUTSTANDING
4/28/2005 22796 $ 252.00
5/12/2005 22919 340.35
5/12/2005 22940 114.35
5/12/2005 22943 565.93
5/19/2005 22964 397.07
5/19/2005 22999 7,587.15
5/19/2005 23009 92.09
5/19/2005 23016 400.00
5/19/2005 23017 154.74
5/25/2005 23019 1,060.97
5/25/2005 23022 5,147.61
5/25/2005 23028 2,336.87
5/25/2005 23030 1,158.00
5/25/2005 23034 95.00
5/25/2005 23035 278.46
5/25/2005 23036 120.38
5/25/2005 23038 2,850.52
5/25/2005 23039 211.67
5/25/2005 23042 168.14
5/25/2005 23047 3,774.12
5/25/2005 23050 49.39
5/25/2005 23060 1,306.79
5/25/2005 23062 1,004.05
5/25/2005 23063 34,855.20
5/25/2005 23064 581.82
5/25/2005 23065 283.21
5/25/2005 23066 133.85
5/25/2005 23067 5,152.28
5/25/2005 23073 754.14
5/25/2005 23074 5,967.77
5/25/2005 23075 4,175.28
5/25/2005 23076 576.96
5/25/2005 23077 159.69
5/25/2005 23079 69.10
5/25/2005 23081 526.91
5/25/2005 23082 1,029.00
5/26/2005 23083 10,729.11
5/26/2005 23085 1,012.50
$ 95,472.47
TOOL PRODUCTS, INC. (JACKSON) CASE NO. 04-67610
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- ----------------------------------------------------- -------------------
ACE INSURANCE $ 1,095.61
ACTION FLUID POWER 713.00
ADVANTAGE ENGINEERING INC. 120.80
AH ASSOCIATES 3,200.00
AIM POWER AND FLUIDS 208.60
AIR DRAULICS ENGINEERING CO 5,437.89
AIRGAS SOUTH 4,490.44
AITKEN PRODUCTS INC 10,729.11
ALCHEM ALUMINUM, INC. (IMCO) 252,887.66
ALUAR 343,607.90
AMCOR 270.00
AVAYA 466.24
A-Z OFFICE RESOURCES, INC. 1,258.73
B & B FIRE PROTECTION 375.68
BELLSOUTH 1,149.72
BERTELKAMP AUTOMATION, INC. 148.87
BLUFF CITY ELECTRONICS 520.24
BOB FULGHAM 142.21
BODYCOTE 1,188.45
BRANDON MELTON 340.35
BUHLER INC 2,618.65
CANON FINANCIAL SERVICES, INC. 1,017.38
CARE PETROLEUM INC 680.00
CHAPTER 13 TRUSTEE 4,129.48
CHEM STATION 841.50
CHEM TREND INCORPORATED 42,225.15
CLEMCO SALES INC. 297.00
COLE PALLET COMPANY LLC 4,628.75
COMPRESSORS & TOOLS, INC. 198.50
CONTRA COSTA 380.00
CRANE SERVICE INC 3,547.75
CROSS MACHINE TOOL CO INC 14,802.00
D M E CORP 1,018.33
DANKA INDUSTRIES INC 369.48
DAVE CLARK 467.68
DAVID HOFFMAN 540.63
DIECO TOOL & DIE 7,000.00
DIEMER ASSOCIATES INC 211.80
DIMETEK INTERNATIONAL INC 1,096.05
DONALDSON COMPANY INC 832.00
EMPIRE REFRACTORY SPECIALISTS 3,425.32
ENGINEERED PRODUCTS DIVIS 8,063.67
ERIC CARSON 314.39
FERRELL GAS 748.13
FLOZONE SERVICES INC 874.50
FRANCIS COMPANY INC 311.12
FREEMAN MFG & SUPPLY 314.55
FUGITT RUBBER AND SUPPLY CO 6,648.98
G & H INDUSTRIES 1,158.03
GOLDEN CIRCLE FORD 486.18
TOOL PRODUCTS, INC. (JACKSON) CASE NO. 04-67610
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- ----------------------------------------------------- -------------------
GOODRICH TOOL & SUPPLY 546.29
GORDON PETERS 2,359.83
GRAVES METAL PRODUCTS, INC. 55.18
GRIFFIN TOOL 51,000.00
H C I SUPPLY INC. 23,647.86
HAUSNER HARD CHROME OF KY 4,000.00
HI TEMP PRODUCTS INC 6,868.14
HILDRETH 3,774.12
HI-SPEED INDUSTRIAL SERVICE 388.73
HI-TECH SALES & SERVICE, INC. 303.75
I SQUARED R ELEMENT CO., INC. 625.50
INDUSTRIAL GYPSUM 210.00
JACKSON COMMUNICATIONS 302.91
JACKSON ENERGY AUTHORITY 101,999.18
JACKSON PAYROLL (INCLUDES DISBURSEMENTS BY CORPORATE) 488,628.22
JEREMY GILLESPIE 211.67
JIT FORMS 1,752.64
JONES, GRADY W.-CO. OF MEMPHIS 3,315.26
KAREN LAIRD 80.63
KTR CORP 403.26
L & S PRECISION TOOL 284.55
L&H SUPPLY CO INC 8,458.92
LIFT TRUCK SERVICE & RENTALS 646.76
LOWE'S COMPANIES 329.12
MACHINE TOOL & SUPPLY (JKSN) 4,542.13
MACK PEST CONTROL 140.00
MADISON COUNTY CLERK 367.40
MADISON FARMERS COOP 478.62
MADISON FINISHING INC 48,414.99
MAKRITE PARTS 2,647.20
MARTIN INDUSTRIAL 3,072.02
MATCHLESS METAL POLISH CO 245.14
MATTHEW GRIFFITH 168.14
MCI 41.60
MCMASTER CARR SUPPLY CO 3,747.95
METALLURG ALUMINUM 1,004.05
MIDVALE INDUSTRIES INC 6,315.60
MIRSA CORPORTION 1,192.08
MOLTEN METAL EQUIP. INNOVATION 2,856.00
MTRONICS.COM INCORPORATED 143,820.00
NES RENTALS 652.06
NEWCO INC 2,198.79
NORA VOLTZ 80.22
OFFICE DEPOT 283.21
PARAMOUNT UNIFORM RENTAL 2,167.85
PAT WALKER 452.33
PAT WALKER PETTY CASH 586.93
PENNSYLVANIA STATE CHILD SUPPORT 535.40
PERSONNEL MANAGEMENT INC 15,878.50
PITNEY BOWES CREDIT CORP 200.00
PRECISION MACH PRODUCTS 53,378.81
PRINCE MACHINE 13,562.38
TOOL PRODUCTS, INC. (JACKSON) CASE NO. 04-67610
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- ----------------------------------------------------- -------------------
PROGRESSIVE COMPONENTS 80.00
PROVIDENT LIFE 166.46
PYROTEK, INC. 16,805.10
RAMON AYALA DELGADO 1,906.43
REGIONAL HOSPITAL OCC-MED 240.00
RIDDLE CONSTRUCTION CO. INC. 12,820.00
RIMROCK CORP 54,926.13
SCOTT BLEEKS 6,015.48
SHERRY CHURCH 266.09
SIDNEY DAVID FLORIST & GIFT 36.22
SPAN AMERICA INC. 5,967.77
SPECTRO ALLOYS CORP 231,405.68
SPECTRUM FINISHING 11,870.16
STEPHEN SHIVERS 136.32
STRIKO DYNARAD CORPORATION 216.11
TEMM DEPT OF REVENUE 400.00
TENNANT 1,747.21
TENNESSEE CHILD SUPPORT 5,397.23
THE ROYAL GROUP 17,993.26
THOMAS MCKEOWN 274.04
TRANSMAN 78,734.00
UNITED SAW AND SUPPLY CO 273.82
VERIZON WIRELESS 662.91
WAL-MART 400.00
WEST TENNESSEE COFFEE SERVICE 1,247.58
WEST TN SOCIEITY OF CPA'S 60.00
ZYP COATINGS INC. 1,029.00
-------------------
$ 2,197,897.42
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 5/31/2005
MONTHLY CASH STATEMENT
CASE # 04-67610
TOOL PRODUCTS - MINNEAPOLIS
ACCOUNT TYPE LOCKBOX LOCKBOX 672990 AP AP PR PR
ACCOUNT # 5402699416 1851811339 2770721773 2176982920 2770721781 2176983076
BANK STAN FED COMERICA STAN FED COMERICA STAN FED COMERICA
BEGINNING BANK BALANCE - - - - - -
RECEIPTS 3,473,955 16,402 - - - -
TRANSFERS IN (CORPORATE) - - 1,265,608 2,314 980,878 -
DIP INFLOW - - - - - -
DISBURSEMENTS - - (1,265,608) (2,314) (980,878) -
TRANSFERS OUT (CORPORATE) (3,473,955) (16,402) - - - -
DIP REPAYMENT - - - - - -
---------- ------- ---------- ------ -------- ---
ENDING BANK BALANCE - - - - - -
MATERIALS & OTHER DISBURSEMENTS PAID FOR
BY CORPORATE 674,102
CHECKS ISSUED 1,115,001
PAYROLL DISBURSED (INCLUDES PAYROLL
PAID BY CORPORATE) 823,781
CORPORATE DEBIT MEMOS 189
-----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS
RECONCILIATION) $ 2,613,073
===========
OUTSTANDING CHECKS AS OF APRIL 30 358,787
VOIDED CHECKS OUTSTANDING AS OF APRIL 30 (3,900)
CHECKS ISSUED DURING MAY 1,115,001
Includes checks clearing from Comerica
above and excludes a 46,063.89 EFT to
CHECK CLEARED DURING MAY (1,221,858)Putnam.
-----------
OUTSTANDING CHECKS AS OF MAY 31 (SEE
OUTSTANDING CHECKLIST) $ 248,030
===========
TOOL PRODUCTS, INC.
CASE NO. 04-67610
AT 5/31/05
MINNEAPOLIS - BANK RECONCILIATION
Bank Balance -
Actual Outstanding Checks $ 248,029.88
Miscellaneous Reconciling Items
Adjusted in May 573.70
------------
248,603.58
Unadjusted GL Balance 248,603.58
------------
Difference $ -
============
TOOL PRODUCTS, INC.
CASE NO. 04-67610
MINNEAPOLIS
OUTSTANDING CHECK LIST
CASE NO. 04-67610
DATE CHECK OUTSTANDING
11/11/2004 451812 $ 500.00
4/28/2005 500487 6,220.00
4/28/2005 500498 14.31
5/12/2005 500703 1,563.75
5/16/2005 500756 189.73
5/17/2005 500763 428.50
5/18/2005 500768 69.97
5/19/2005 500781 241.88
5/19/2005 500786 296.66
5/20/2005 500817 139.45
5/20/2005 500818 114.90
5/20/2005 500847 2,250.00
5/20/2005 500854 280.39
5/20/2005 500865 529.00
5/23/2005 500874 4,842.67
5/23/2005 500875 322.70
5/24/2005 500884 567.17
5/24/2005 500886 179.85
5/24/2005 500890 86.94
5/24/2005 500891 316.27
5/24/2005 500892 33.00
5/24/2005 500894 1,425.67
5/25/2005 500898 77.92
5/25/2005 500899 590.90
5/25/2005 500900 553.79
5/25/2005 500901 61.67
5/25/2005 500902 281.98
5/26/2005 500905 209.36
5/26/2005 500907 403.50
5/26/2005 500910 592.48
5/26/2005 500913 263.30
5/26/2005 500915 7,930.11
5/26/2005 500916 2,075.64
5/26/2005 500917 95.04
5/26/2005 500919 1,022.14
5/26/2005 500920 395.05
5/26/2005 500921 9,658.96
5/26/2005 500923 192.32
5/26/2005 500924 630.19
5/26/2005 500925 37.61
5/26/2005 500926 18,758.64
5/26/2005 500929 2,643.35
5/26/2005 500930 2,837.51
5/26/2005 500931 99.06
5/26/2005 500932 37,000.90
5/26/2005 500934 50.54
5/26/2005 500937 291.17
5/26/2005 500940 26.94
5/26/2005 500942 30,275.91
5/26/2005 500945 174.08
5/26/2005 500946 101.25
5/26/2005 500947 605.98
5/26/2005 500948 542.85
5/26/2005 500951 2,056.94
5/26/2005 500954 150.00
5/26/2005 500956 136.00
5/26/2005 500957 1,272.64
5/26/2005 500960 298.86
5/26/2005 500961 1,386.99
5/26/2005 500962 858.72
5/26/2005 500964 1,303.57
5/26/2005 500966 416.01
5/26/2005 500968 293.47
5/26/2005 500969 351.59
5/26/2005 500971 25.00
5/26/2005 500972 90.15
5/26/2005 500975 78.17
5/26/2005 500976 255.00
5/26/2005 500977 1,800.00
5/26/2005 500978 1,244.46
5/26/2005 500979 434.86
5/26/2005 500980 1,742.00
5/26/2005 500981 6,565.01
5/26/2005 500982 1,675.35
5/26/2005 500984 37,056.51
5/26/2005 500985 958.50
5/26/2005 500986 43.73
5/26/2005 500988 2,574.25
5/26/2005 500990 41.35
5/26/2005 500991 2,324.70
5/26/2005 500992 1,823.04
5/26/2005 500994 1,260.74
5/26/2005 500995 1,020.00
5/26/2005 500996 3,493.04
5/26/2005 500997 306.55
5/26/2005 500998 2,494.23
5/26/2005 500999 253.00
5/26/2005 501000 25.00
5/26/2005 501002 75.00
5/26/2005 501003 8,982.32
5/26/2005 501006 320.00
5/27/2005 501010 3,094.36
5/27/2005 501011 302.40
5/27/2005 501012 5,600.39
5/27/2005 501013 280.30
5/27/2005 501014 613.59
5/31/2005 501016 412.50
5/31/2005 501017 2,888.37
5/31/2005 501018 27.54
5/31/2005 501019 579.50
5/31/2005 501020 331.92
5/31/2005 501022 2,731.80
5/31/2005 501023 1,350.00
5/31/2005 501025 671.63
5/31/2005 501026 2,032.94
5/31/2005 501027 2,532.94
$248,029.88
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- -------------------- -------------------
A FINKLE & SONS $ 976.17
A&C METALS 1,749.73
ABRASIVE SPECIALISTS 1,183.98
ADAM NUT & BOLT 2,538.70
ADVANTAGE ENG 650.40
AIR ENGINEERING 575.92
AIR HYDRAULIC 567.17
AIR POWER EQUIPMENT 120.48
AIRPORT & AIRLINE 51.00
AIRTEC 536.15
ALERT FIRE & SAFETY 209.36
ALLIED VAN LINES 8,401.99
AMERICAN PRESSURE 403.50
APPLIED PRODUCTS 262.84
ARROW CRYOGENICS 28,624.40
ASQ 129.00
ASSOCIATED BAG 1,069.08
AT&T 177.36
AUTOMATION INC 129.31
AVTEC FINISHING 93.80
BARNES DISTRIBUTION 67.90
BATTERIES PLUS 80.92
BEAR FLUID POWER 578.83
BEAR ROCK CAFE 193.82
BEN RAAK 160.83
BFI 1,308.13
BISHNULAL DWARKA 359.58
BOHLER UDDEHOLM 39,862.55
BOYER FORD 590.77
BRAAS COMPANY 596.71
BRASS 354.02
BUHLER 3,931.38
CADD/ENGINEERING 679.47
CARBON PRODUCTS 1,213.50
CARL AMERSON 34.13
CENTERPOINT 61,919.90
CENTRAL CONTAINER 17,343.20
CENTURY SUN METAL 8,360.16
CERTIFIED POWER 1,157.12
CHECKER MACHINE 28,380.00
CHEM TREND 25,706.02
CHERYL FOWLKES 35.47
CINDY MANCUSO 370.91
CITY OF NEW HOPE 6,713.16
CMW 1,022.14
CONSOLIDATE CONTAIN 276.00
CROWLEY & ASSOCIATES 9,658.96
CRYSTAL DIE & MOLD 11,745.00
CULLIGAN METRO 547.62
DADANT & SONS 344.87
DAKE 207.17
DAVID HYER 1,211.94
DECO TOOL 923.94
DECO TOOL SUPPLY 3,653.32
DEEP WATER 140.58
DEPT OF SOC SERV 75.22
DEPT OF SOCIAL SERV 75.22
DIEMER ASSOCIATES 18,758.64
DOODY MECHANICAL 3,471.00
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- --------------------- -------------------
DUNCAN 161.94
DUNCAN COMPANY 1,419.42
DWAYNE VOSS 550.59
DYNAMEX 510.18
EDM SALES 3,355.48
EDM SALES & SERVICE 34.80
EDP ENGINEERING GROUP 50,168.62
EFECTOR 99.06
ENGINEERED FINISH 3,490.85
ENGINEERED PRODUCT 67,590.99
ENTEGEE 10,657.98
FAMILY SUP PAY 50.54
FAMILY SUPPORT PAY 151.62
FASTENAL 1,291.61
FASTENAL COMPANY 2,757.21
FEDEX 6.26
FERRELLGAS 699.92
FIFTH THIRD LEASING 15,054.36
FIREBRICK ENGINEER 238.07
FIREBRICK ENTEGEER 442.35
FLAME METAL 75.00
FLAME METALS 75.00
FRANCIS COMPANY 139.45
FRANKIES 58.57
FREEDOM FINISHING 302.40
G.W. SMITH & SONS 114.90
GARLANDS 274.70
GE CAPITAL 1,517.55
GENERAL ELECTRIC 30,275.91
GERALD DUNNE 75.00
GIFT CERFICATE CENTER 412.50
GLOBAL EXCHANGE 251.29
GOODIN 309.87
GRAINGER 1,900.35
HALES MACHINE 11,168.90
HALES MACHINE TOOL 5,600.39
HARTFIEL 52.21
HENNEPIN CT TREAS 1,617.33
HI TEMP PRODUCTS 540.00
HIGH CALIBER 1,563.75
HIGH CALIBER SERV 101.25
HILDRETH 1,400.00
HILL INDUSTRIAL TOOLS 817.08
HOLIDAY CREDIT 2,256.66
HOSE/CONVEYOR 1,384.13
HOSE/CONVEYORS 401.58
IBM 3,945.48
ID CORPORATION 542.85
IKON FINANCIAL 3,158.94
IKON OFFICE SOLUTIONS 463.08
INDUSTRIAL FLOOR 69.97
INDUSTRIAL HYDRAULIC 2,997.55
INDUSTRIAL SUPPLY 80.75
INTEGRA TELECOM 1,512.73
INT'L SURFACE PERP 77.92
J & W INSTRUMENTS 1,660.76
JAMES T COX -
JEFF JOHNSON 7,929.72
JEFF MORSE 90.15
JESCO INDUSTRIAL 338.05
JESKA TECHNICAL 2,265.67
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------------------------------ -------------------
JOHN HENRY FOSTER 1,085.89
KENNETH ETZLER 101.76
KEVIN KIRKHAM 48.93
L & S ELECTRIC 136.00
LAKELAND ENG 190.73
LAKEVIEW POLISHING 3,482.32
LARRY SCHWEBACH 1,097.72
LEEF 2,667.95
LEEF BROS 1,787.28
LOFTON LABEL 428.50
LUBE TECH 3,193.39
MACHINE TOOL SUPPLY 166.83
MAGNA-TECH 1,496.49
MAHAMADOU DIBAGA 613.59
MAKRITE PARTS 3,259.20
MARDON CONTROL 81.95
MARK JOHNSON 518.71
MARODI 1,386.99
MATT HANKEN 731.05
MAZAK CORPORATION 4,842.67
MCMASTER CARR 2,639.95
MESSERLI & KRAMER 1,303.57
METAL TREATERS 8,972.94
METALMATIC 24,115.43
METROCALL 29.26
MICHAEL DAHLEN 72.41
MICRO-WELD 92.00
MID STATE FABRICATING 8,294.34
MIDWEST MACHINE 1,976.18
MIDWEST SIGN 25.13
MINDAK DISTRIBUTING 230.87
MINNEAPOLIS PAYROLL (INCLUDES CORPORATE DISBURSEMENTS) 823,781.49
MINNESOTA ELECTRICAL 351.59
MINNESOTA EQUIPMENT 634.81
MINNESOTA GLOVE 368.35
MINNESOTA ST BOARD 20.00
MN CHILD SUPPORT 3,881.95
MN CHILD SUPPORT PAY 3,467.29
MN DEPT OF PUBLIC SAF 25.00
MN DEPT OF REVENUE 648.05
MOTION TECH AUTOM 114.24
NATIONAL KARD 579.50
NEW DIMENSION 528.00
NEW DIMENSION PLAT 2,593.20
NEWARK ELECTRONICS 78.17
NORANDA ALUMINUM 148,602.68
NORTH SECOND STREET 984.30
NORTH STAR IMAGING 85.00
NORTHERN SANITARY 207.04
NOTT CO 331.92
OCCUPATIONAL MED 200.00
OCCUPATIONAL MEDIC 255.00
OLSON GENERAL 11,586.00
OSI ENVIRONMENTAL 2,912.47
P & H SERVICES 1,259.05
PAM'S POLISHING 3,900.00
PAUL KARNOWSKI 57.00
PERSONNEL RES 804.50
PETTY CASH 210.07
PFC EQUIPMENT 1,037.55
PINNACLE ENG 1,860.00
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- --------------------- -------------------
PIONEER METAL 272.96
PIONEER METAL FINISH 3,623.35
POWDER TECH 5,568.48
POWER/MATION 434.86
PRECISION POLISHING 7,644.00
PRECISION SAW 6,565.01
PRO STAFF 2,455.65
PRODUCTIVITY 3,085.59
PROGRESSIVE COMP 342.10
PROGRESSIVE ENG 40,347.75
PROLIFT 838.16
PROLIFT SERVICES 1,917.00
PROVIDENT LIFE 73.53
PYROTEK 1,192.90
QUAD STEEL 3,738.00
QUALITY UNLIMITED 1,362.58
QUEST ENGINEERING 665.20
QUICKWAY RIGGING 7,363.44
QWEST DEX MEDIA 33.00
RAY DAY 1,110.73
REID TOOL SUPPLY 53.95
RELIASTAR BANKERS 1,422.68
RELIASTAR LIFE INS 5,286.14
REPLENEX 306.16
RICE INDUSTRIES 1,497.06
RICHARD DAMMAR 229.24
RICK GARIES 26.94
RICK KRAMBER 483.31
RIMROCK 92,507.73
ROBERTS AUTOMATIC 2,181.24
ROLAND S CHRISTENSEN 4,462.00
ROSE SCHRIBER 78.00
ROSLER 280.39
S & T OFFICE 1,467.81
S & T OFFICE PRODUCT 708.36
SAVOIE SUPPLY 1,996.45
SBC PAGING 85.40
SEC OF STATE--MN 115.00
SHAD NELSON 2,682.62
SKARNES 326.08
SOUTHCO 8,480.00
SPECTRO ALLOYS CORP 357,120.34
SPECTRUM FINISHING 3,624.60
SPECTRUM INDUSTRIES 12,575.82
SPHERION 91,008.59
SPRAY RITE INC 58,266.53
STEVE COREY 463.25
STORK-TWIN CITY TEST 1,015.35
STORK-TWIN TESTING 1,260.74
STREET FLEET 24.71
STRIKO DYNARD 1,900.00
STROM ENGINEERING 2,040.00
STRORK-TWIN CITY TEST 3,600.00
SUB-MEX 51,765.33
SUNSOURCE 547.15
TEMP AIR 1,004.49
TEMPLE-INLAND 8,902.03
TEXTRON FASTENING 5,918.90
THOMAS COX 27.54
THOMAS ZAGAR 53.18
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------ -------------------
TILSNER CARTON 2,697.75
TOLL COMPANY 1,812.99
TOOLING ASSOCIATES 1,250.77
TOSHIBA MACHINE 7,568.15
COMPLIANCE 33.00
TRANS-MAN LOGISTICS, INC. 110,112.75
TRAVERS TOOL 25.63
TROUT ENTERPRISES 782.00
TRU-TONE FINISHING 3,951.75
TULL BEARINGS 1,305.53
TWIN PINES METROL 288.25
TWIN PINES METROL 285.25
UNITED ELECTRIC 3,006.52
UNITED ELECTRIC 462.58
UNITED STATES TREAS 150.00
UNUM LIFE INS 10,021.44
UNUM LIFE INS 8,982.32
UPS 20.62
US TREASURY 150.00
VEKTEK 281.98
VER TECH 111.09
VERIZON WIRELESS 767.77
VERSA IRON 1,001.00
VIKING ELECTRIC 1,801.00
VOICE & DATA NETWORK 626.36
VOLCO EQUIPMENT 3,923.21
W W GRAINGER 344.24
WALTER HAMMOND 671.63
WESTMAN SERVICE 320.00
WEYERHAUSER 40.00
WI SCTF 50.50
WIRE WORX 2,100.00
WISCONSIN SCTF 151.50
-------------------
$ 2,613,072.91
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MAY 31, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: TOOL PRODUCTS, INC. Capacity: ___ Shareholder
Case Number: 04-67610 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $ 0
Dated: JUNE 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 MAY 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67614
) Chapter 11
) Judge: Marci B. McIvor
WAGNER CASTINGS CO. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting
of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and, (if not, attach written
explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization. (If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns. (If not, attach a written
explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: JUNE 20, 2005 /s/ Robert E. Belts
---------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- ---------------
Title Phone
Intermet Corp. and Subsidiaries
Operating Statements
For the Month Ended 5-31-05
($000's)
CASE #04-67614
WAGNER
CASTINGS
----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 5,337 43,187
Cost of Goods Sold
Materials and Freight 783 9,522
Wages - Hourly 742 5,968
Wages-Salary 301 2,901
Employee Benefits and Pension 955 9,858
Repairs & Maintenance 218 2,004
Supplies 312 2,241
Utilities 268 3,272
Purchased Components/Services 811 6,345
Income(loss) from Pattern Sales (2) (83)
Fixed Asset - (gain/loss) (72) (83)
MIS Expense 48 349
Travel & Entertainment 3 25
Other Variable Costs 53 728
Depreciation & Amortization 180 1,846
Other Allocated Fixed Costs - (5)
Other Fixed Costs 195 1,306
------- -------
Cost of Goods Sold 4,795 46,194
Gross Profit 542 (3,007)
Plant SG&A Expense 13 150
SG&A Expense - Allocation (Sched 1) 191 1,486
Other Operating Expenses 9 941
------- -------
Total Operating Expenses 213 2,577
Operating Profit 329 (5,584)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (124) (705)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) - (2)
------- -------
Total Non-Operating Expenses (124) (707)
Income Before Income Taxes 205 (6,291)
Income Tax Expense - -
------- -------
Net Income 205 (6,291)
======= =======
Intermet Corp. and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs May
(Allocation of Corporate Costs to Filing Entities)
(000's)
May
---------
Officer Compensation $ 189
Salary Expense other Employees 897
Employee Benefits and Pension 107
Payroll Taxes 57
Other Taxes 0
Rent and Lease Expense 185
Interest Expense
Insurance 62
Automobile and Truck Expense 10
Utilities(Gas Electric,Phone) 40
Depreciation 87
Travel and Entertainment 82
Repairs and Maintenance 45
Advertising/Promotion 0
Supplies, Office Expense 41
OTHER:
Contributions 2
Professional Fees - Audit/Tax 350
Bank Fees 31
Public Reporting Fees 15
Employee Relocation/Training 7
Data Processing 27
Dues and Subscriptions 12
Outside Services 92
Project Development Costs net of Billings 11
Director Fees 25
Miscellaneous 2
Legal Fees 157
Cost Allocation - Europe (78)
Cost Allocation - Out (175)
---------
$ 2,280
=========
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 627
---------
Total $ 2,280
=========
INTERMET Corp. and Subsidiaries
Balance Sheet of 5-31-05
($000's)
CASE #04-67614
--------------
WAGNER
CASTINGS
--------------
Cash And Equivalents $ 121
Accounts Receivable 8,219
Short-Term Intercompany Receivables 144
Inventories 6,438
Other Current Assets 137
--------------
TOTAL CURRENT ASSETS 15,059
Land and Buildings 2,412
Machinery & Equipment 57,570
Construction In Progress 782
--------------
Total Fixed Assets 60,764
Accumulated Depreciation (52,843)
--------------
NET FIXED ASSETS 7,921
Investment In Subsidiaries -
Investment In European Operations -
Long-Term Intercompany Receivables -
Deferred Taxes, Long-Term Asset -
Other Assets 139
--------------
TOTAL ASSETS $ 23,119
==============
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 979
Wages and Salaries (See schedule) 617
Taxes Payable - (See schedule) 127
--------------
TOTAL POST PETITION LIABILITIES 1,723
SECURED LIABILITIES:
SECURED DEBT -
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes -
Accrued Tax - State -
Accrued Property Taxes 35
Accrued Workers Comp. 1,211
Accrued Payroll 13
Accrued Payroll Taxes -
--------------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 1,259
UNSECURED LIABILITIES
Accounts Payable 6,320
Senior & IDR Bonds -
--------------
TOTAL UNSECURED LIABILITIES 6,320
OTHER LIABILITIES
Accrued Liabilities 2,235
Short-Term Intercompany Payables 5
Retirement Benefits (1,148)
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities -
Long-Term Intercompany Payables 2,271
Minority Interest -
--------------
TOTAL LIABILITIES 12,665
Common Stock -
Capital In Excess Of Par Value 17,027
Retained Earnings - Prepetition (282)
Retained Earnings - Post Petition (6,291)
Equity In European Operations
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
--------------
TOTAL SHAREHOLDER EQUITY 10,454
--------------
TOTAL LIABILITIES AND EQUITY $ 23,119
==============
PERIOD ENDED: 05-31-05 WAGNER CASTINGS COMPANY (DECATUR) CASE #04-67614
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued/ Payments/ as of
04-30-05 Withheld Deposits 05-31-05
------------ ------------ ------------ ------------
Income tax withheld: Federal ($ 35,370) ($ 146,020) $ 144,162 ($ 37,229)
Income tax withheld: State (8,928) (31,740) 31,969 (8,698)
Income tax withheld: Local 0 0 0 0
FICA Withheld (34,071) (172,371) 170,155 (36,287)
Employers FICA (14,004) 0 0 (14,004)
Unemployment Tax: Federal (106) (426) 487 (45)
Unemployment Tax: State (5,471) (23,171) 26,304 (2,338)
All Other Payroll W/H (27,397) (79,466) 81,799 (25,064)
State Taxes: Inc./Sales/Use/Excise (87) 87 (0) (0)
Property Taxes (41,829) (6,000) 0 (47,829)
Workers Compensation 25,433 0 19,372 44,805
------------ ------------ ------------ ------------
Total ($ 141,830) ($ 459,107) $ 474,248 ($ 126,689)
Wages and Salaries (580,870) (742,397) 706,455 (616,812)
------------ ------------ ------------ ------------
Grand Total ($ 722,700) ($ 1,201,503) $ 1,180,703 ($ 743,501)
============ ============ ============ ============
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 $ 978,790 926,510.93 47,261.95 5,017.37
Accounts Receivable -Pre & Post $ 9,199,253 7,634,078.00 319,478.00 1,245,697.00
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 5/31/2005
MONTHLY CASH STATEMENT
CASE # 04-67614
WAGNER CASTINGS (DECATUR)
------------------------------------------------------------------------------
ACCOUNT TYPE LOCKBOX 771149 DEPOSIT AP CHECKING PR (HOURLY) PR (SALARY)
ACCOUNT # 256543 5401086433 2770716518 35223301 2770716500 2770716666
BANK Bank One Stan. Fed. Stan. Fed. First Bank Stan. Fed. Stan. Fed.
BEGINNING BANK BALANCE - - - 30,339 - -
RECEIPTS 240,604 4,860,697 - 150 - -
TRANSFERS IN (CORPORATE) - - 2,028,061 - 239,183 919
DIP INFLOW - - - - - -
DISBURSEMENTS - - (2,028,061) - (239,183) (919)
TRANSFERS OUT (CORPORATE) (240,604) (4,860,697) - - - -
DIP REPAYMENT - - - - - -
ENDING BANK BALANCE - - - 30,489 - -
MATERIALS & OTHER DISBURSEMENTS PAID FOR
BY CORPORATE 1,104,239
CHECKS ISSUED 2,063,833
PAYROLL DISBURSED (INCLUDES PAYROLL PAID
BY CORPORATE) 1,084,857
CORPORATE DEBIT MEMOS 472
-----------
TOTAL DISBURSEMENTS (SEE TOTAL
DISBURSEMENTS RECONCILIATION) $ 4,253,400
===========
OUTSTANDING CHECKS AS OF APRIL 30 319,484
VOIDED CHECKS OUTSTANDING AS OF APRIL 30 (3,224)
CHECKS ISSUED DURING MAY 2,063,833
CHECK CLEARED DURING MAY (2,028,061)
-----------
OUTSTANDING CHECKS AS OF MAY 31 (SEE
OUTSTANDING CHECKLIST) $ 352,032
===========
DECATUR
CASE # 04-67614
AT 5/31/05
DECATUR - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 352,032.02
Actual Outstanding Payroll Checks 72,555.55
------------
424,587.57
Unadjusted GL Balance 424,587.57
------------
Difference $ -
============
DECATUR
OUTSTANDING CHECKS
CASE # 04-67614
DATE CHECK OUTSTANDING
12/2/2004 116677 $ 6,798.97
2/3/2005 118066 187.28
1/31/2005 119539 3,128.97
5/24/2005 119617 180.74
5/27/2005 119618 520.00
5/31/2005 119619 97.19
5/4/2005 120255 108.41
5/4/2005 120324 550.00
5/6/2005 120351 103.67
5/9/2005 120397 445.00
5/11/2005 120422 1,093.74
5/11/2005 120435 5,378.20
5/18/2005 121050 9.42
5/18/2005 121055 936.00
5/18/2005 121070 5,000.00
5/20/2005 121096 4,996.47
5/20/2005 121097 870.00
5/20/2005 121100 9,845.20
5/20/2005 121103 246.20
5/20/2005 121112 727.51
5/20/2005 121127 75.00
5/23/2005 121136 478.80
5/23/2005 121139 6,137.53
5/23/2005 121142 5,388.18
5/23/2005 121146 1,088.28
5/23/2005 121147 191.50
5/23/2005 121150 261.81
5/23/2005 121151 585.32
5/23/2005 121152 3,897.44
5/23/2005 121156 99.00
5/23/2005 121158 5,231.41
5/25/2005 121168 1,153.11
5/25/2005 121169 156.49
5/25/2005 121170 376.00
5/25/2005 121172 5,595.13
5/25/2005 121173 188.95
5/25/2005 121175 465.61
5/25/2005 121177 1,987.67
5/25/2005 121180 872.52
5/25/2005 121182 16,066.00
5/25/2005 121185 78.00
5/25/2005 121186 1,762.07
5/25/2005 121188 172.09
5/25/2005 121189 6,037.50
5/25/2005 121192 546.51
5/25/2005 121193 456.32
5/25/2005 121195 2,398.92
5/25/2005 121197 134.50
5/25/2005 121198 105.00
5/25/2005 121201 217.25
5/25/2005 121203 51,660.60
5/26/2005 121211 94.71
5/26/2005 121213 79.50
5/26/2005 121214 14,236.80
5/26/2005 121215 34.69
5/26/2005 121216 250.00
5/26/2005 121217 2,442.78
5/26/2005 121218 8,054.69
5/26/2005 121219 5,421.24
5/26/2005 121223 244.41
5/26/2005 121224 1,233.23
5/26/2005 121225 71.86
5/26/2005 121227 146.50
5/26/2005 121228 1,034.99
5/26/2005 121229 16,648.00
5/26/2005 121230 105.12
5/26/2005 121231 703.11
5/26/2005 121232 629.52
5/26/2005 121233 9,792.00
5/26/2005 121234 2,880.45
5/26/2005 121236 766.59
5/26/2005 121237 1,170.87
5/26/2005 121238 105.62
5/26/2005 121239 398.16
5/26/2005 121240 1,000.00
5/26/2005 121241 100.00
5/27/2005 121252 1,576.80
5/27/2005 121254 1,306.34
5/27/2005 121255 6,344.88
5/27/2005 121256 1,386.00
5/27/2005 121257 14,522.88
5/27/2005 121258 310.90
5/27/2005 121259 100.00
5/27/2005 121260 962.50
5/27/2005 121261 2,908.03
5/27/2005 121262 348.00
5/27/2005 121263 386.00
5/27/2005 121265 1,085.56
5/27/2005 121267 1,216.24
5/27/2005 121268 245.70
5/27/2005 121269 387.68
5/27/2005 121270 1,436.97
5/27/2005 121272 14,419.45
5/27/2005 121273 4,842.11
5/27/2005 121274 75.90
5/27/2005 121275 2,170.30
5/27/2005 121276 1,546.41
5/27/2005 121277 601.60
5/27/2005 121278 5,231.41
5/27/2005 121279 492.56
5/27/2005 121280 162.24
5/27/2005 121281 2,001.00
5/27/2005 121282 32.74
5/31/2005 121289 550.00
5/31/2005 121290 425.20
5/31/2005 121291 650.00
5/31/2005 121293 697.02
5/31/2005 121294 232.50
5/31/2005 121295 20,143.00
5/31/2005 121296 3,516.57
5/31/2005 121297 2,823.00
5/31/2005 121298 1,293.50
5/31/2005 121299 169.50
5/31/2005 121300 23,114.08
5/31/2005 121301 5,454.10
5/31/2005 121302 364.00
5/31/2005 121303 1,776.07
5/31/2005 121304 1,084.16
5/31/2005 121305 26.00
5/31/2005 121306 700.80
5/31/2005 121307 180.00
$352,032.02
WAGNER CASTINGS, INC. CASE NO. 04-67614
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- -------------------------------------------------------- -------------------
300 BELOW $ 217.25
A D BROOKS 440.00
ABB INC 975.20
ACRISON INC 3,768.00
ADA JACKSON 440.00
ADECCO 3,128.40
ADVANCED CARBIDE TOOL 1,878.75
AETNA US HEALTHCARE 17,929.80
AIR LIQUIED INDUSTRIAL US LP 5,207.40
ALLIED MINERAL PRODUCTS INC 28,496.85
AMERENIP 297,264.78
APPLIED PROCESS INC 12,685.84
ARAMARK UNIFORM SERVICES INC 1,957.68
ARCH WIRELESS 872.35
ARCHIE JOHNSON 440.00
ARTHUR G BYRNE CO INC 6,137.53
ASSOCIATED ANES OF DECATUR 650.00
AT&T 45.38
AT&T 1,323.34
BARBARA LEE 440.00
BARBECK COMMUNICATIONS 280.80
BARR & BARR 110.62
BARRY SALES LTD 209.79
BAX GLOBAL 1,306.34
BEARING DISTRIBUTORS INC 23,453.76
BENTONITE PERFORMANCE MINERALS 93,600.00
BERNIE'S PHOTO CENTER 615.00
BETTY HAMILTON 440.00
BHA GROUP 145.00
BLACK & CO #11 4,000.56
BLACKHAWK SALES 79.50
BODINE ELECTRIC OF DECATUR 10,199.63
BODINE ENVIRONMENTAL SERVICE 1,900.00
BOULEVARD PROPERTIES LLC 856.25
BRUECHERT, PAUL 40.88
BRUECHERT, PAUL 41.25
BUEL COLE 440.00
BULLOCK LOGAN AND ASSOC INC 1,386.00
BUSCHE ENTERPRISE DIVN INC 352,926.30
C A PICARD SURFACE ENG INC 14,520.00
C C FIRE EQUIPMENT CO INC 1,662.80
CARCO INC 870.00
CARRIER VIBRATING EQUIPMENT 1,785.60
CATTRON THEIMEG INC 2,547.12
CENTRAL IL ANESTHESIA 1,068.00
CENTRAL STEEL & WIRE CO 419.21
CHAMPION CHISEL WORKS INC 3,389.22
CHARLES BEDFORD OD/DEC EYECARE 402.17
CHILD SUPPORT ENFORCE DIV 232.34
CHRIS INCORPORATED 4,356.25
WAGNER CASTINGS, INC. CASE NO. 04-67614
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- -------------------------------------------------------- -------------------
CHRISTY-FOLTZ INC 2,442.78
CITY OF DECATUR 8,054.69
CLIMATE CONTROL 94,553.18
COLUMBUS MCKINNON CORP 6,610.30
COMPUWARE 231.00
CONNOR CO 1,061.80
CONTINENTAL CARBONIC PROD INC 399.39
CONWAY CENTRAL EXPRESS 586.14
CORN BELT FS INC 10,552.65
CREATIVE BUSINESS FORMS 465.61
CRI RECYCLING 1,375.00
CROWN PACKAGING CORP 9,720.00
CUSTOM CONTROLS & SERVICES 1,100.00
D WAYNE COLLINS 805.00
DAMON LEE 440.00
DAUBER COMPANY 44,150.40
DAVID RIGHTNOWAR 440.00
DE LAGE LANDEN FIN SERVICES 1,965.00
DECATUR BOLT CO INC 42.23
DECATUR EMERG MEDICAL SERV 348.00
DECATUR INDUSTRIAL ELECTRIC 837.39
DECATUR MACHINE & TOOL CO 936.00
DECATUR MDICAL DENTAL CR UNION 788.00
DECATUR MEMORIAL HOSPITAL 6,089.00
DECATUR PAYROLL (INCLUDES AMOUNTS DISBURSED BY CORPORATE 1,084,856.58
DECATUR PRIDE CHECKER CAB 26.40
DISA GOFF INC 29.82
DISA INDUSTRIES INC 28,711.15
DONALDSON CO INC 4,803.20
DONNELLY AUTOMOTIVE MACH INC 682.77
DORSEY PIRTLE 440.00
DUCA MFG & CONSULTING INC 11,220.00
EDMUND IND. OPTICS 645.00
ELECTRO-NITE CO 1,534.76
ELKEM METALS INC 142,425.00
EMSCO INC 617.09
ENBRIDGE GAS SERVICES 37,673.04
ENGLEWOOD ELECTRIC 246.20
ENTERPRISE GROUP 192.70
FAMILY SUPPORT PAYMENT CENTER 297.08
FEDEX 166.92
FIVE MORRS 430.50
FOREMOST ELECT AND TRANS INC 1,900.00
FOSECO INC 5,205.00
FRANK REED 440.00
FRISBY PMC 235,602.44
G E CAPITAL 2,017.49
G G BARNETT TRANSPORT INC 5,463.26
GARD SPECIALISTS CO INC 244.41
GE CAPITAL 642.02
GENERAL KINEMATICS CORP (1,564.32)
GERDAU AMERISTEEL 12,783.60
WAGNER CASTINGS, INC. CASE NO. 04-67614
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- ----------------------------- -------------------
GLENN ZILLS 640.00
GRAINGER INC 1,268.89
GULLY TRANSPORTATION 6,414.63
HA INTERNATIONAL LLC 27,179.68
HAGERTY BROTHERS CO 2,612.07
HARBOR FREIGHT TOOLS 172.14
HARRY BOND 440.00
HARRY E HILLS & ASSOC 7,746.40
HASLER INC 218.50
HAWTHORN IND/JAMES J MAY 191.50
HI-TEMP INC 26,144.88
HOLTGRIEVE & CO 9,603.58
HTE TECH 2,874.11
HUNTERDON TRANSFORMER C (523.54)
ILL STUDENT ASSISTANCE COMM 146.95
ILLINOIS DEPT OF REVENUE 93.00
INNOVATIVE LABELING SOLUTIONS 519.36
INTERMEC TECHNOLOGIES CORP 1,792.32
INTERNAL REVENUE SERVICE 497.50
IVORY CURRY 440.00
J C JELKS 440.00
J W ASSOCIATES INC 585.32
J.D. FINLEY 440.00
JAMES GAVIN 440.00
JAMES GREEN 440.00
JAMES JONES 669.16
JAMES REED 440.00
JEFF COCHRAN 103.67
JERRY SHERWOOD 440.00
JMB PROPERTY TAX CONSULTING 16,066.00
JOHN C KEFALAS MDSC 3,407.50
JOHN H GERMERAAD - TRUSTEE 2,207.68
JOHN HENRY FOSTER CO 532.15
KANSAS PAYMENT CENTER 276.92
KELLY SYSTEMS INC 215.00
KENT RUDBECK 300.00
KINDT-COLLINS CO 78.00
KING-LAR CO 6,217.15
KIRBY RISK CORP 197.54
L & N INDUSTRIES INC 4,251.21
LAND OF LINCOLN CREDIT UNION 52,043.21
LARPEN METALLURGICAL SERVICE 69,076.00
LARRY BONNELL 440.00
LARRY HAYES 440.00
LARRY TURPIN AND 5,000.00
LECO CORP 1,785.00
LEVOY REED 440.00
LOCAL #6-728 PACE 6,281.80
LOUIS THOMAS 440.00
LYNN ZASADA 440.00
M H EQUIPMENT 61.00
M H EQUIPMENT CORP 1,113.58
WAGNER CASTINGS, INC. CASE NO. 04-67614
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- ----------------------------- -------------------
MAC EQUIPMENT INC 3,868.97
MACIOROWSKI SACKMANN & ULRICH 5,378.20
MANCINOS 105.12
MARTIN BRUMETT 2,088.08
MARVIN BRANDT 440.00
MARVIN KELLER TRUCKING 400.00
MARY MARTIN 703.11
MCMASTER-CARR SUPPLY CO 690.04
MENNIE'S MACHINE CO 2,207.78
METOKOTE CORP 24,274.68
MICRO TEK PATTERN INC 7,800.00
MIDWEST CREDIT & COLLECTION 874.28
MISSOURI REFRACTORIES CO INC 9,792.00
MORGAN DISTRIBUTING INC 25,178.45
MORGAN EXPRESS INC 59,136.54
MOTION INDUSTRIES INC 2,471.04
NATIONAL CITY 849.30
NATIONAL CITY BANK 22,193.55
NDS PRODUCTS 33.13
NIRMAL DATTA 823.36
NOBLE SALES INC 3,897.44
NORFOLK SOUTHERN RAILWAY CO 3,520.00
NORTH STAR IMAGING INC 2,880.45
OMNISOURCE FT WAYNE FERR DIV 549,700.35
ONYX WASTE SERVICES MIDWEST 49,221.07
PECHINEY WORLD TRADE 32,540.19
PEERLESS METAL POWDERS 23,980.00
PERFECT WINDOW CLEANERS 2,170.16
PERFECTION SERVO HYDRAULIC 229.29
PHILLIP DANNEWITZ 440.00
PIONEER INDUSTRIAL CORP 1,277.65
PRAIRIE IDEALEASE 1,449.00
PRIMETRADE 214,264.74
PROVIDENT LIFE 88.54
RADIOLOGICAL ASN OF DECATUR 52.00
REFRACTORY SALES & SRV CO INC 1,100.00
REGIONS MORGAN KEEGAN TRUST 5,300.00
RENEE HADDEN 200.00
RENTAL SERVICE CORP 1,366.80
RICHARD COLE 440.00
RICK WALLACE 1,068.77
ROBERT LOWRY 440.00
ROBERTS SINTO CORP 7,915.10
ROLAND MABRY 440.00
RTS TRANSFORMER INC 37,500.00
S J SMITH WELDING SUPPLY 11,898.36
SAFETY SHOE DISTRIBUTORS 194.38
SAFETY-KLEEN CORP 2,976.00
SAFEWORKS DECATUR 75.90
SBC 1,479.20
SBC GLOBAL SERVICES INC 1,998.20
SCHNEIDER NATIONAL INC 1,793.00
WAGNER CASTINGS, INC. CASE NO. 04-67614
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- ----------------------------- -------------------
SEC OF STATE-STATE OF ILL 78.00
SECURITAS SEC SVCS USA INC 8,193.72
SHERMAN BAINE 440.00
SHERRI GRIMES 1,702.50
SIMPSON TECHNOLOGIES 3,333.00
SOURCE ONE SUPPLY CORP 81.54
SPRINGFIELD ELECTRIC 10,720.66
ST MARY'S HOSPITAL 8,443.00
STATE OF MICHIGAN 25.00
STERICYCLE INC 114.60
STONE CONTAINER CORP 20,925.64
STRIGLOS OFFICE EQUIPMENT 1,450.36
SUNBELT RENTALS 4,147.00
TARRANTS RADIATOR BRAKE SERV 207.00
THOMAS H BOWDRE 440.00
THORNTON WELDING SERVICE INC 9,493.06
TOMMY HOUSE TIRE CO 427.29
TORUS MACHINING 29,281.80
TRACY CAUSEY 71.68
TRANSMAN 40,407.24
TYDUS GREEN 440.00
U S DEPARTMENT OF EDUCATION 308.85
U S HARDWOOD PRODUCTS 12,378.80
UNION PLANTERS TRUST & INVEST 100.00
UNITED WAY OF DEC & MID-IL 831.00
US ELECTRICAL TOOL CO 180.00
VERIZON WIRELESS 1,027.81
VITRAN EXPRESS 162.24
WABEL TOOL CO 9,903.80
WALLENDER-DEDMAN PRINTING 1,175.00
WALZ EQUIPMENT 2,151.87
WARD NORTH AMERICA INC 2,107.00
WASTE MANAGEMENT OF DECATUR 2,001.00
WATTS COPY SYSTEMS INC 322.00
WEDRON SILICA COMPANY 1,531.00
WHEELABRATOR 901.88
WI SCTF 384.00
WILLIAM A KIBBE & ASSOC INC 1,665.00
WILLIAM WALKER 440.00
WILLIE LEE GREEN 440.00
WOOD PRINTING SERVICE 25.00
WORKING RX 32.74
WORLD FINANCE CORP 255.67
WORLDWIDE FILTER 360.00
--------------
$ 4,253,400.44
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MAY 31, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: WAGNER CASTINGS CO. Capacity: ___ Shareholder
Case Number: 04-67614 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED AT INTERMET
CORPORATION. PLEASE SEE INTERMET CORPORATION (CASE #04-67597) FOR ALL INSIDER
COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $0
Dated: JUNE 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 MAY 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67611
) Chapter 11
) Judge: Marci B. McIvor
WAGNER HAVANA, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting
of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and, (if not, attach written
explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization. (If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns. (If not, attach a written
explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: JUNE 20, 2005 /s/ Robert E. Belts
----------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- --------------
Title Phone
Intermet Corp. and Subsidiaries
Operating Statements
For the Month Ended 5-31-05
($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 10 414
Repairs & Maintenance - -
Supplies - 50
Utilities 6 37
Purchased Components/Services - (1)
Income(loss) from Pattern Sales - -
Fixed Asset - (gain/loss) - -
MIS Expense - 1
Travel & Entertainment - -
Other Variable Costs 4 48
Depreciation & Amortization - -
Other Allocated Fixed Costs - -
Other Fixed Costs 18 174
--- ------
Cost of Goods Sold 38 723
Gross Profit (38) (723)
Plant SG&A Expense - -
SG&A Expense - Allocation (Sched 1) - -
Other Operating Expenses - 4,895
--- ------
Total Operating Expenses - 4,895
Operating Profit (38) (5,618)
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 (38) (5,487)
Income Tax Expense - -
--- ------
Net Income (38) (5,487)
=== ======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs May
(Allocation of Corporate Costs to Filing Entities)
(000's)
May
----------
Officer Compensation $ 189
Salary Expense other Employees 897
Employee Benefits and Pension 107
Payroll Taxes 57
Other Taxes 0
Rent and Lease Expense 185
Interest Expense
Insurance 62
Automobile and Truck Expense 10
Utilities(Gas Electric,Phone) 40
Depreciation 87
Travel and Entertainment 82
Repairs and Maintenance 45
Advertising/Promotion 0
Supplies, Office Expense 41
OTHER:
Contributions 2
Professional Fees - Audit/Tax 350
Bank Fees 31
Public Reporting Fees 15
Employee Relocation/Training 7
Data Processing 27
Dues and Subscriptions 12
Outside Services 92
Project Development Costs net of Billings 11
Director Fees 25
Miscellaneous 2
Legal Fees 157
Cost Allocation - Europe (78)
Cost Allocation - Out (175)
-------
$ 2,280
=======
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 627
-------
Total $ 2,280
=======
INTERMET Corp. and Subsidiaries
Balance Sheets as of 5-31-05
($000's)
CASE #04-67611
--------------
WAGNER
HAVANA
--------------
Cash And Equivalents $ -
Accounts Receivable 33
Short-Term Intercompany Receivables 196
Inventories 188
Other Current Assets -
--------------
TOTAL CURRENT ASSETS 417
Land and Buildings 1,633
Machinery & Equipment 13,783
Construction In Progress -
--------------
Total Fixed Assets 15,416
Accumulated Depreciation (12,813)
--------------
NET FIXED ASSETS 2,603
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 $ 9
Wages and Salaries (See schedule) -
Taxes Payable - (See schedule) 56
--------------
TOTAL POST PETITION LIABILITIES 65
SECURED LIABILITIES:
SECURED 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 96
Accrued Payroll Taxes -
--------------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 552
UNSECURED LIABILITIES
Accounts Payable 179
Senior & IDR Bonds -
--------------
TOTAL UNSECURED LIABILITIES 179
OTHER LIABILITIES
Accrued Liabilities -
Short-Term Intercompany Payables -
Retirement Benefits -
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities -
Long-Term Intercompany Payables 8,143
Minority Interest -
--------------
TOTAL LIABILITIES 8,939
Common Stock -
Capital In Excess Of Par Value 9,349
Retained Earnings - Prepetition (9,781)
Retained Earnings - Post Petition (5,487)
Equity In European Operations
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
--------------
TOTAL SHAREHOLDER EQUITY (5,919)
--------------
TOTAL LIABILITIES AND EQUITY $ 3,020
==============
PERIOD ENDED: 05-31-05 WAGNER HAVANA CASE #04-67611
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
4/30/2005 Withheld Deposits 5/31/2005
----------- ------------ ----------- --------------
Income tax withheld: Federal $ 0 $ 0 $ 0 $ 0
Income tax withheld: State 0 0 0 0
Income tax withheld: Local 0 0 0 0
FICA Withheld 0 0 0 0
Employers FICA 0 0 0 0
Unemployment Tax: Federal 0 0 0 0
Unemployment Tax: State 0 0 0 0
All Other Payroll W/H 0 0 0 0
State Taxes: Inc./Sales/Use/Excise 0 0 0 0
Property Taxes (49,105) (7,015) 0 (56,120)
Workers Compensation 0 0 0 0
---------- --------- ------- ---------
Total ($ 49,105) ($ 7,015) $ 0 ($ 56,120)
Wages and Salaries 0 0 0 0
---------- --------- ------- ---------
Grand Total ($ 49,105) ($ 7,015) $ 0 ($ 56,120)
========== ========= ======= =========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) Total 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $ 8,667 $ 8,667 $ 0 $ 0
Accounts Receivable $ 0 $ 0 $ 0 $ 0
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS: MONTHLY CASH STATEMENT
MONTH ENDED 5/31/2005
Case # 04-67611
WAGNER HAVANA
------------------------------------------------
ACCOUNT TYPE Deposit AP PR (HOURLY) PR (SALARY)
ACCOUNT # 5401086441 2770716534 2770716526 2770716674
BANK Stan. Fed. Stan. Fed. Stan. Fed. Stan. Fed.
BEGINNING BANK BALANCE - - - -
RECEIPTS - - - -
TRANSFERS IN (CORPORATE) - - - -
DIP INFLOW - - - -
DISBURSEMENTS - - - -
TRANSFERS OUT (CORPORATE) - - - -
DIP REPAYMENT - - - -
------ ---------- ------- -------
ENDING BANK BALANCE - - - -
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE -
CHECKS ISSUED -
CORPORATE DEBIT MEMOS 19,023
----------
TOTAL DISBURSEMENTS $ 19,023
==========
OUTSTANDING CHECKS AS OF APRIL 30 342
VOIDED CHECKS OUTSTANDING AS OF APRIL 30 (342)
CHECKS ISSUED DURING MAY -
CHECK CLEARED DURING MAY -
----------
OUTSTANDING CHECKS AS OF MAY 31 (SEE OUTSTANDING CHECKLIST) $ -
==========
NOTE: Havana's payroll is consolidated with the Corporate payroll due to
immateriality
WAGNER HAVANA, INC.
CASE NO. 04-67611
AT 5/31/05
HAVANA - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks -
Unadjusted GL Balance -
-----
Difference $ -
=====
WAGNER HAVANA, INC. CASE NO. 04-67611
CASH DISBURSEMENTS
MAY 2005
VENDOR TOTAL DISBURSEMENTS
- ----------------------- -------------------
AETNA US HEALTHCARE $ 54.58
AMERENCIPS (ELECTRIC) 5,887.48
CITY OF HAVANA 9.42
ILLINOIS ENVIRONMENTAL 4,340.00
SECURITAS SECURITY SERV 8,361.36
STEWART, KEVIN 370.00
-----------
$ 19,022.84
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: MAY 31, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: WAGNER HAVANA, INC. Capacity: ___ Shareholder
Case Number: 04-67611 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance ______ _______
Life Insurance ______ _______
Retirement ______ _______
Company Vehicle ______ _______
Entertainment ______ _______
Travel ______ _______
Other Benefits ______ _______
Total Benefits ______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid ______ _______
Loans ______ _______
Other (Describe) ______ _______
Other (Describe) ______ _______
Other (Describe) ______ _______
Total Other Payments ______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
______ $ 0
Dated: JUNE 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.