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 JUNE 30, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67597
) Chapter 11
) Judge: Marci B. McIvor
INTERMET CORP. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Sectio n 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: JULY 20, 2005 /s/ Robert E. Belts
------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- --------------
Title Phone
Intermet Corp. and Subsidiaries CASE # 04-67597
Operating Statement INTERMET
For the Month Ended 6-30-05 CORP(*)
($000's) ----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 51,366 499,579
Cost of Goods Sold
Materials and Freight 15,055 167,161
Wages - Hourly 8,714 79,678
Wages-Salary 2,568 24,131
Employee Benefits and Pension 5,318 53,090
Repairs & Maintenance 3,322 24,303
Supplies 2,987 25,712
Utilities 2,810 28,497
Purchased Components/Services 4,004 36,229
Income(loss) from Pattern Sales (28) 910
Fixed Asset - (gain/loss) (642) (199)
MIS Expense 237 2,148
Travel & Entertainment 65 516
Other Variable Costs 137 20,626
Depreciation & Amortization 2,751 24,981
Other Allocated Fixed Costs 462 3,219
Other Fixed Costs 1,232 10,936
------- --------
Cost of Goods Sold 48,992 501,938
Gross Profit 2,374 (2,359)
Plant SG&A Expense 127 1,256
SG&A Expense - Allocation (Sched 1) 2,143 27,532
Other Operating Expenses 3,445 200,279
------- --------
Total Operating Expenses 5,715 229,067
Operating Profit (3,341) (231,426)
Outside Interest Income 7 460
Outside Interest (Expense) (1,816) (20,136)
Intercompany Interest Income - 6,011
Intercompany Interest (Expense) - (6,011)
Charges (From) Affiliates (1,650) (14,502)
Charges To Affiliates 1,723 15,137
Gain/(Loss) On Sales Of Assets (778) (778)
Outside Dividend Income - -
Foreign Exchange Gain/(Loss) - -
Income/Loss From European Operations 1,541 6,458
Other Income/(Expense) (2,491) (15,487)
------- --------
Total Non-Operating Expenses (3,464) (28,848)
Income Before Income Taxes (6,805) (260,274)
Income Tax Expense 159 1,624
------- --------
Net Income (6,964) (261,898)
======= ========
(*) 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 June
(Allocation of Corporate Costs to Filing Entities)
(000's)
June
-------
Officer Compensation $ 189
Salary Expense other Employees 892
Employee Benefits and Pension 107
Payroll Taxes 53
Other Taxes 0
Rent and Lease Expense 212
Interest Expense
Insurance 63
Automobile and Truck Expense 11
Utilities(Gas Electric,Phone) 43
Depreciation 86
Travel and Entertainment 114
Repairs and Maintenance 98
Advertising/Promotion 10
Supplies, Office Expense 42
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 28
Public Reporting Fees 15
Employee Relocation/Training 17
Data Processing 27
Dues and Subscriptions 15
Outside Services 92
Project Development Costs net of Billings (32)
Director Fees 25
Miscellaneous 5
Legal Fees 10
Cost Allocation - Europe (78)
Cost Allocation - Out (254)
-------
$ 2,143
=======
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 490
-------
Total $ 2,143
=======
JUNE MAY
--------------- ---------------
Intermet Corp. and Subsidiaries CASE # 04-67597 CASE # 04-67597
Balance Sheet as of 06-30-05 --------------- ---------------
($000's) INTERMET INTERMET
CORP (NOTE 1) CORP (NOTE 1)
--------------- ---------------
Cash And Equivalents $ 1,974 $ 1,843
Accounts Receivable 89,406 76,758
Short-Term Intercompany Receivables (6) (4)
Inventories 55,154 52,984
Other Current Assets 8,375 9,200
--------- ---------
TOTAL CURRENT ASSETS 154,903 140,781
Land and Buildings 115,631 114,046
Machinery & Equipment 419,325 397,685
Construction In Progress (15,036) 7,366
--------- ---------
Total Fixed Assets 519,920 519,097
Accumulated Depreciation (334,696) (332,195)
--------- ---------
NET FIXED ASSETS 185,224 186,902
Investment In Subsidiaries (2) (2)
Investment In European Operations (Note 2) 88,926 89,037
Long-Term Intercompany Receivables (1) (2)
Deferred Taxes, Long-Term Asset (1,057) (1,057)
Other Assets 15,129 15,497
--------- ---------
TOTAL ASSETS $ 443,122 $ 431,156
========= =========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 12,802 $ 11,179
Wages and Salaries (See schedule) 6,617 6,500
Taxes Payable - (See schedule) 6,949 6,514
--------- ---------
TOTAL POST PETITION LIABILITIES 26,368 24,193
SECURED LIABILITIES:
SECURED DEBT 197,299 177,902
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes 607 607
Accrued Tax - State (316) (316)
Accrued Property Taxes 77 140
Accrued Workers Comp 8,926 9,390
Accrued Payroll 2,652 2,812
Accrued Payroll Taxes 0 0
--------- ---------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 11,946 12,633
UNSECURED LIABILITIES
Accounts Payable 62,592 62,950
Senior & IDR Bonds 177,000 177,000
--------- ---------
TOTAL UNSECURED LIABILITIES 239,592 239,950
OTHER LIABILITIES
Accrued Liabilities 34,880 36,819
Short-Term Intercompany Payables (14) (1)
Retirement Benefits 86,051 83,979
Deferred Taxes - Long-Term Liability (3,838) (3,838)
Other Long-Term Liabilities 4,038 4,026
Long-Term Intercompany Payables (1,238) (1,161)
--------- ---------
TOTAL LIABILITIES 595,084 574,502
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 (268,100) (259,595)
Equity In European Operations 88,926 89,037
Accumulated Translation Adjustment 3,859 3,859
Minimum Pension Liability Adjustment (24,093) (24,093)
Unearned Restricted Stock (191) (191)
--------- ---------
TOTAL SHAREHOLDER EQUITY (151,962) (143,346)
--------- ---------
TOTAL LIABILITIES AND EQUITY $ 443,122 $ 431,156
========= =========
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.
Certain amounts in the previous operating reports have been reclassified to
conform to the presentation of the June operating statements.
Note 2
"Investment in European Operations" is net of $39,333 in June and $40,115 in
May, 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.
PERIOD ENDED: 06-30-05 INTERMET CORPORATION CASE #04-67597
CORPORATE BOOKS ONLY - NO SUBS
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
As of 5/31/05 Withheld Deposits 6/30/05
------------- ----------- ----------- -----------
Income tax withheld: Federal $ 0 $ 0 $ 0 $ 0
Income tax withheld: State 0 0 0 0
Income tax withheld: Local 0 0 0 0
FICA Withheld 0 0 0 0
Employers FICA 0 0 0 0
Unemployment Tax: Federal (0) 0 0 (0)
Unemployment Tax: State 0 0 0 0
All Other Payroll W/H (324,746) (96,946) 364,228 (57,464)
State Taxes: Inc./Sales/Use/Excise (3,177,071) (45,080) 0 (3,222,151)
Federal 608,295 0 0 608,295
Property Taxes (13,651) (1,600) 0 (15,251)
Workers Compensation (497,282) 0 0 (497,282)
------------ ----------- ----------- -----------
Total ($ 3,404,455) ($ 143,626) $ 364,228 ($3,183,853)
Wages and Salaries (3,148,961) (610,958) 735 (3,759,184)
------------ ----------- ----------- -----------
Grand Total ($ 6,553,417) ($ 754,584) $ 364,963 ($6,943,038)
============ =========== =========== ===========
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 $1,116,644 $1,102,597 $ 14,046
Accounts Receivable N/A
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS: MONTHLY CASH STATEMENT
onth Ended 6/30/2005
CASE # 04-67597
---------------------------------------------------------------------------
INTERMET CORPORATION
ACCOUNT TYPE CONCEN. CONCENTRATION CONCENTRATION DEPOSIT DEPOSITORY AP PR
Account # 1054530796 1851811305 1599333 5401086482 1096643 2770716377 2770716716
BANK Stan. Fed. Comerica Bank One Stan. Fed. Bank One Stan. Fed. Stan. Fed.
BEGINNING BANK BALANCE 1,656,611 - 22,358 - - - -
RECEIPTS 3,068,276 - - 620,845 - - -
TRANSFERS IN 38,754,758 5,255 3,187 - - 1,302,018 597,243
DIP INFLOW 27,812,351 - - - - - -
DISBURSEMENTS (30,824,338) (5,227) - - - (1,302,018) (597,243)
A A A
Transfers OUT (29,725,730) (28) (25,545) (620,845) - - -
DIP REPAYMENT (8,812,351) - - - - - -
----------- ----------- ----------- ---------- ---------- ----------- -----------
ENDING BANK BALANCE 1,929,576 - - - - - -
ACCOUNT TYPE MEDICAL - MALLOY METLIFE ENVIRONMENTAL
Account # 5402307572 5402307564 400806.1
BANK Stan. Fed. Stan. Fed. Lasalle
BEGINNING BANK BALANCE - 3,105,660
RECEIPTS - - 6,761
TRANSFERS IN 136,845 74,513 -
DIP INFLOW - - -
DISBURSEMENTS (136,845) (74,513) (647)
A A A
Transfers OUT - - -
DIP REPAYMENT - - -
----------- ----------- ---------
ENDING BANK BALANCE - - 3,111,774
CORPORATE DISBURSEMENTS PAID FOR CORPORATE (INCLUDES CORPORATE
PAYROLL OF $ 998,109) 8,738,829 E
MATERIAL WIRES PAID BY CORPORATE ON BEHALF OF PLANTS 20,306,173
PAYROLL WIRES PAID BY CORPORATE ON BEHALF OF PLANTS 2,593,811
------------
TOTAL WIRES & OTHER DISBURSEMENTS BY CORPORATE (EXCLUDES CORPORATE CHECKS) 31,638,812 Sum of A
CORPORATE CHECKS ISSUED PERTAINING TO CORPORATE 797,154 E
CORPORATE CHECKS ISSUED PERTAINING TO PLANTS (DEBIT MEMOS) 234,150
------------
TOTAL CORPORATE DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 32,670,117
=============
OUTSTANDING CHECKS AS OF MAY 31 448,508
VOIDED CHECKS OUTSTANDING AS OF MAY 31 (503)
CHECKS ISSUED DURING JUNE 1,031,304
CHECK CLEARED DURING JUNE (1,301,258) EXCLUDES EFT OF $760 FOR PAYROLL TAX FEES
------------
OUTSTANDING CHECKS AS OF JUNE 30 (SEE OUTSTANDING CHECKLIST) $ 178,051
============
Sum of E $ 9,535,983 REPESENTS TOTAL DISBURSEMENTS PERTAINING TO CORPORATE
INTERMET CORPORATE CASE # 04-67597
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
- --------------------------------
A CUT ABOVE LANDSCAPE 1,500.00
ABC COKE 629,113.11
ACE AMERICAN INSURANCE 705,675.00
ACE AMERICAN INSURANCE CO. 104,777.15
A-COM PROTECTION SERVICES INC. 140.00
ADP INVESTOR COMMUNICATION 396.89
AETNA U.S. HEALTHCARE 19,187.20
AIRGAS MID AMERICA 39.33
ALABAMA POWER 774.97
ALCAN ALUMINUM CORPORATION 93,810.36
ALCOA ALUMINUM 1,351,079.07
ALFE HEAT TREATING 264,472.05
ALLIED METAL COMPANY 57,659.55
ALLIED MINERAL PRODUCTS 42,953.36
ALLIED SECURITY SYSTEMS, INC. 216.00
ALTER TRADING 26,597.65
ALUAR ALUMINUM 812,949.26
ALUMINUM RESOURCES 249,223.14
AMERENCIPS 7,893.30
AMERICAN FOUNDRY SOCIETY 3,750.00
AMERICAN METAL MARKET 775.00
AMERICAN PAYROLL ASSOCIATION 165.00
AMERICAN VISA SERVICE, INC. 93.00
AMTECH INTERNATIONAL GROUP, LTD 38,286.00
ANDREWS, THOMAS 6,446.52
ANX EBUSINESS 3,456.00
APPALACHIAN POWER 1,491.11
ARCH CONSULTING ASSOCIATES 750.00
AT&T 289.79
AT&T-UNIVERSAL BILLER 1,785.99
AUTOTEK 2,000.00
AUTOWEB COMMUNICATIONS, INC. 2,000.00
BANK OF NOVA SCOTIA 1,264,740.71
BARBARA BELL 324.88
BARKER-JENNINGS CORP. 564.59
BEGLIN, JUSTIN 1,473.13
BEHR METALS 190,281.00
BELLSOUTH 2,295.58
BELTS, ROBERT 394.48
BENT TUBE INC. 1,187.16
BENTONITE PERFORMANCE MINERALS 112,000.00
BERNARD E. WALLACE, JR. 900.00
BERWYN GROUP, THE 9.50
B-H TRANSFER 11,745.96
BLANCHARD CONSULTING, INC. 1,437.50
BLUE CROSS BLUE SHIELDS 2,008,803.24
BODYKOTE 708.90
BOWNE OF CHICAGO 8,520.00
BROWN & SHARPE INC-MSD 863.46
BRUECHERT, PAUL 41.25
BRYANT'S TREE SERVICE 225.00
BSW, INC. 50.00
BURGE, CRAIG 845.03
BURTON, GLEN 1,030.54
CACHEAUX, CAVAZOS & NEWTON 150.12
CAMBELL CONSULTING 17,896.00
VENDOR TOTAL DISBURSEMENTS
- --------------------------------
CAPSTONE 133,075.49
CARTER, ERIC 244.41
CAST METALS INSTITUTE, INC. 995.00
CCMA 217,349.57
CHICAGO SOFT 368.00
CHILD SUPPORT - CFI 49,748.96
CINTAS CORPORATION 90.05
CITY OF HAVANA 17.72
CITY OF RADFORD 14,752.68
CLIENT SERVICES-ECM 105.10
CLIMAX RESEARCH SERVICES 827.50
COLUMBUS FOUNDRY PAYROLL 10,798.68
COLUMBUS WATER WORKS 332.17
COM ED 301.78
COMERICA 5,226.58
COMPUTER ASSOCIATES INTL INC 22,494.00
COMPUWARE CORP. 825.00
CONCENTRA MEDICAL CENTERS 68.50
CONWAY MACKENZIE & DUNLEAVY 485,319.43
COR SOLUTIONS, INC. 29,946.00
CORP LOCKBOX - MISC DEBIT 348.00
CORPORATE PAYROLL 294,592.64
CORPORATE PAYROLL 760.27
COX, MICHAEL 522.04
DALTON'S SERVICES, INC. 3,600.00
DANA 352,415.00
DEAD SEA MAGNESIUM 586,940.13
DECATUR PAYROLL 1,557,540.12
DELL MARKETING L.P. 39,759.05
DEPOSITORY TRUST COMPANY, THE 1,975.00
DETEK, INC. 895.00
DICKINSON, WRIGHT PLLC 307.80
DILLIN DEVELOPMENT CORP. 692.49
DIMETEK 18,621.70
DME RR 68,729.23
DODSON RECOGNITION 223.45
DOYLE, PAT 1,198.38
DRUSCHITZ, ALAN P. 1,613.71
DUBOIS & DUBOIS 7,017.00
DUN & BRADSTREET 303.47
EASTERN ALLOYS, INC. 233,043.24
EASTERN COMPUTER EXCHANGE, INC 5,457.00
EASTERN NDT 404.66
EDWIN B. BRANCH 16,831.97
EGH/TIMBERLAND THREE L.L.C. 60,136.59
ELKEM METALS, INC. 310,835.25
ENBRIDGE GAS SERVICES 32,224.66
ENTERPRISE FLEET SERVICES 13,291.15
ERNST & YOUNG 539,115.60
EXEC-U-CARE 14,652.28
EXECUTIVE COFFEE SYSTEMS 647.93
FAIRMONT MINERALS 68,431.25
FEDERAL RESERVE BANK OF 450.00
FIDELITY SAVINGS AND PROFIT PLAN 42,172.11
FITZGERALD, DAVID C. 753.50
FOCAL COMM. OF MICHIGAN 478.49
FOLEY, LARDNER 1,384,093.95
FOSECO METALLURGICAL INC. 59,671.98
FRENCH & ROGERS INC. 8,230.00
FTI RESTRUCTURING 147,029.77
GANNETT FLEMING OF MI., INC. 6,392.97
GARRETT, JOE 4,283.59
GE CAPITAL 19,512.14
VENDOR TOTAL DISBURSEMENTS
- --------------------------------
GEORGE WALTON PAYNE & CO 17,644.20
GEORGIA CHILD SUPPORT--FAMILY 103.70
GEORGIA POWER 3,946.57
GEORGIA SALES TAX - CFI 54,663.91
GIERC, DANIEL 65.76
GILLILAND, TIM 2,590.85
GLOBAL ENGINEERING DOCUMENTS 328.22
GLOBAL EXCHANGE SERVICES 1,354.59
GLOBE 542,451.60
GOPAL, NANDA P N 2,755.11
GROUNDWATER & ENVIRONMENTAL 3,577.05
GXS LIMITED SPECIAL BILLING 182.40
HA INTERNATIONAL LLC 139,084.45
HEAVIN, TODD 3,271.35
HEMING, DANIEL 2,748.58
HIBBING SALES TAX 1,360.00
HOOVER, ROB 1,875.49
HORN, REGINA 169.59
HYDRO MAGNESIUM 329,223.99
HYDRO MAGNESIUM (NORSK HYDRO) 81,452.66
IBG NDT SYSTEMS CORP. 531.25
IBM 14,514.00
IBM CORPORATION 34,380.03
IKON FINANCIAL SERVICES 477.00
IKON OFFICE SOLUTIONS 5,643.96
ILMO PRODUCTS COMPANY 12.06
IMCO RECYCLING 553,307.32
INDUCTOTHERM CORP. 2,500.00
INTERCALL 349.17
IRON MOUNTAIN RECORDS MGMT 259.98
IRVIN, LESLIE B 1,979.12
ITC DELTACOM 153.40
J.W. MARTIN 182.65
JACKSON LOCKBOX - MISC DEBIT 10.00
JACOBSEN'S FLOWERS INC. 186.53
JAFFE, RAITT, HEUER & WIESS 14,321.42
JAMES DAVIS CLEANING SERVICE 500.00
JEPPESEN SANDERSON 734.00
JOCK ABELL LANDSCAPING 360.00
JOHN HANCOCK FINANCIAL SVCS. 411.00
JP MORGAN CHASE BANK, N.A. 78,748.47
KENNETH C. HOWELL 2,351.92
KLEIN, KYLE 618.50
KUZINSKI, MARK 1,524.38
L & L SPECIAL FURNACE CO., INC 333.96
LAND TRANSPORTATION 127,200.33
LEONARD BROS. DATA MANAGEMENT 399.90
LINA 567.00
LISIO, JOHN 2,028.61
LONGHURST, JOHN 1,984.84
LORENZ, CHAD 919.76
LOVELL, TONY 1,404.52
LUXURY LIMO, CAR AND COACH, LLC 741.00
MACIOCE, RAPHAEL 1,689.37
MAINLINE INFORMATION SYSTEMS 3,700.00
MALECKI, ELIZABETH 1,416.87
MALLOY 136,845.19
MAMMUT =WETRO 40,404.00
MARTINEZ, FRED 1,469.18
MASON COUNTY COLLECTOR 43,441.59
MASTER GAGE & TOOL 1,425.00
MAYBERRY RIGGERS 6,200.00
MCCOLLUM, WILLIAM E. 8,483.44
VENDOR TOTAL DISBURSEMENTS
- --------------------------------
MCDONALD, MATT 2,118.91
MCI 579.39
MEDCO HEALTH 380,063.37
METASAVAGE, MIKE 341.18
METLIFE 9,475.84
METLIFE DENTAL 74,512.59
MICHAEL W. CURTIS 1,382.50
MIDLAND INDUSTRIES, INC. 63,220.18
MIDLANDS TECHNICAL COLLEGE 10,636.25
MILBANK TWEED HADLEY MCCLOY LLP 293,527.19
MILLER & CO. 250,636.38
MILLER, ALAN 600.00
MONROE PAYROLL 1,025,472.08
MOORE, TERRY 1,140.97
NATIONAL BUSINESS AVIATION 375.00
NATIONAL MATERIAL TRADING 537,690.92
NATIONAL METAL ABRASIVE 5,150.00
NDS PRODUCTS 44.33
NORANDA ALUMINUM 247,446.52
NORFOLK SOUTHERN 205,100.00
NORFOLK SOUTHERN CORPORATION 70.00
NORTH AMERICAN DIE CASTING 2,825.00
OESA 750.00
OFFICE DEPOT, INC. 2,853.90
OFFICE INSTALLATIONS, INC. 160.00
OMELVENY MYERS 58,848.16
OMNISOURCE CORPORATION - COPPER 175,300.00
OMNISOURCE CORPORATION - STEEL 6,105,453.00
ONEOK ENERGY MARKETING 38,533.76
PAMS, GENE 49.49
PARK METALLURGICAL/HEATBATH 273.60
PARKER HANNIFIN 4,098.60
PATZWALDT, JEFF 430.95
PBCC 6.54
PECSENYE, TIMOTHY 963.74
PEPPER HAMILTON LLP 6,100.25
PETERS, GORDON 1,710.43
PITNEY BOWES 74.88
PLANTERRA GREENHOUSES 87.00
PLASKO, RANDALL 66.95
PLYMOUTH WAYNE, INC. 18.70
PORTER WARNER INDUSTRIES 87,958.96
PRIMETRADE, INC. 1,014,179.92
PROFESSIONAL BUILDING 27.00
PROVIDENT LIFE & ACCIDENT INS. 6,864.40
PRUCHA, TOM 1,908.26
PUTNAM 171,259.01
RACINE HEALTHCARE 5,053.13
RAR HOLDINGS, INC. 3,322.00
REINHART,BOERNER,VAN DEUREN, 159.00
RIVER MILL RECORDS MANAGMENT 193.20
ROBERT HALF TECHNOLOGY 21,926.45
ROBERTS, DONALD 2,778.54
RODGERS, KAREN 360.41
RUFF, GARY F. 974.95
RUTHERFORD, JOHN 3,578.25
SAE INTERNATIONAL 458.35
SAS INSTITUTE INC 7,000.47
SBC 1,253.00
SCHAEFER AND WEINER 40,167.77
SCHELLHASE, DAN 1,501.57
SCHIFF HARDIN 100,314.80
SECURITAS SEC. SVCS. USA, INC. 10,600.02
VENDOR TOTAL DISBURSEMENTS
- --------------------------------
SENIORSCRIPS 2,280.00
SHAW, ROBERT 5,281.81
SHAWBITZ, PAT 148.50
SHOWALTER, ERIC 1,663.15
SHRED-IT DETROIT 79.80
SILBERT, RICHARD 2,668.83
SOCHOR, NATHAN 236.20
SOUTHERN AIR 682.00
SOUTHERN MAINTENANCE SUPPLY 183.56
SOUTHERN STATES TOYOTALIFT 3,210.00
SPARTAN LIGHT METAL PRODUCTS 46,413.60
SPECIAL "K" LANDSCAPING 850.00
SPECTRO ALLOYS CORPORATION 1,524,299.05
SPHERION CORPORATION 294.35
SPRAY-RITE 39,917.11
SPRINT 41,362.46
SPRINT CONFERENCING SERVICES 1,727.58
SPROUSE, JANE 102.20
SRI QUALITY SYSTEM REGISTRAR 7,348.92
STANDARD FEDERAL 187,522.31
STEFANI, MIKE 2,922.00
STERLING COMMERCE-73199 582.46
STINEBAUGH, BEN 282.05
SUNGARD AVAILABILITY SERVICES 884.00
SUPERIOR GRAPHITE CO. 48,735.02
SUPREME CORES 11,752.00
TENPAS, DALE 775.45
TERMINIX INTERNATIONAL 32.00
THOMSON FINANCIAL 11,070.00
T-MOBILE 140.87
TOYOTA TSUSHO 55,988.06
TRADEWINDS AVIATION 15,986.91
TRANS MAN LOGISTICS, INC. 597,275.01
TREASURER OF VIRGINIA 200.00
TSBY RR 68,183.94
UGS CORP. 9,546.00
UMETCO INC. 52,710.00
UNIMIN CORPORATION 42,074.72
UNITED AMERICAN INSURANCE CO. 35,857.00
UNITED WAY OF CENTRAL VIRGINIA 265.00
UNIVERSAL AVIONICS SYSTEM CORP 1,800.00
US MAGNESIUM LLC 1,354,908.24
VALUATION GROUP, INC. 1,950.00
VALUE OPTIONS 27,668.95
VALUEOPTIONS, INC 13,549.90
VASS, S. REID 3,395.74
VERIZON 177.71
VERIZON WIRELESS 152.45
VERIZON WIRELESS MESSAGING SVC 52.43
VERIZON WIRELESS-GREAT LAKES 4,496.31
VESUVIUS 13,518.54
VIKING OFFICE PRODUCTS 217.18
VIRGINIA DEPT. OF TAXATION 26.43
VISHAY MEASUREMENTS GROUP 591.40
VISUAL IMPRESSIONS 259.00
VOSS, DAVID 690.84
WACHTELL LIPTON ROSEN KATZ 69,113.14
WAHOWIAK, GREG 725.98
WALKER, SEAN 628.72
WALL STREET JOURNAL 215.00
WALTON MANAGEMENT SERVICES 189.72
WASTE MANAGEMENT 655.16
WAYNE BOOTH INVESTMENTS 25,300.00
VENDOR TOTAL DISBURSEMENTS
- ---------------------------
WAYNE HARMON 500.00
WHEELABRATOR ABRASIVES 115,332.00
WINKLE, TOM 1,501.25
WITH OUR COMPLIMENTS, INC 50.00
WOODLAND CAFE 277.36
XEROX COROPORATION 426.11
ZEIMET, RANDY 1,309.30
---------------
$ 32,670,116.59
INTERMET COPORATION
CASE # 04-67597
AT 6/30/05
CORPORATE - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 178,050.61
Misc Reconciling Items Adjusted in July (0.91)
-----------
178,049.70
Unadjusted GL Balance 178,049.70
-----------
Difference $ -
===========
INTERMET CORPORATION
OUTSTANDING CHECKS
CASE #04-67597
DATE CHECK OUTSTANDING
38387 92456 $ 79.10
38450 93102 50.75
38499 93657 225.00
38499 93697 1,000.00
38499 93718 616.32
38505 93791 725.98
38513 93811 244.41
38513 93831 169.59
38513 93840 618.50
38520 93896 324.88
38520 93899 281.75
38520 93916 646.94
38520 93935 71.22
38526 93948 93.00
38527 93956 216.00
38527 93957 165.00
38527 93959 750.00
38527 93962 1,473.13
38527 93963 1,581.92
38527 93964 159.33
38527 93965 112.73
38527 93966 650.00
38527 93968 225.00
38527 93969 766.59
38527 93970 18.01
38527 93971 211.25
38527 93977 289.97
38527 93978 982.04
38527 93980 1,371.65
38527 93987 477.00
38527 93993 360.00
38527 94003 10,636.25
38527 94006 2,825.00
38527 94014 2,080.00
38527 94016 97.81
38527 94017 3,578.25
38527 94020 148.50
38527 94023 200.00
38527 94025 1,950.00
38527 94026 157.50
38527 94028 52.43
38527 94029 690.84
38527 94034 35,857.00
38527 94035 25,300.00
38531 94041 1,500.00
38531 94042 3,456.00
38531 94043 2,000.00
38531 94044 900.00
38531 94045 995.00
38531 94046 184.00
38531 94047 18.01
38531 94048 17.72
38531 94049 105.10
38531 94050 1,800.00
38531 94051 662.76
38531 94052 1,975.00
38531 94054 5,457.00
38531 94055 14,652.28
38531 94056 103.70
38531 94057 65.76
38531 94058 359.26
38531 94059 163.22
38531 94060 583.15
38531 94061 251.35
38531 94062 107.58
38531 94063 349.17
38531 94064 1,042.43
38531 94065 1,400.00
38531 94066 600.00
38531 94067 5,376.34
38531 94068 735.96
38531 94069 336.98
38531 94070 6,864.40
38531 94071 4,680.00
38531 94072 389.88
38531 94073 61.23
38531 94074 67.40
38531 94075 2,090.34
38531 94077 1,605.00
38531 94078 1,819.27
38531 94079 1,800.00
38531 94080 13,549.90
38531 94081 294.47
38531 94082 174.20
38531 94083 500.00
38531 94084 426.11
$ 178,050.61
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JUNE 30, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: INTERMET CORP. Capacity: ___ Shareholder
Case Number: 04-67597 ___ Officer
___ Director
___ Insider
PLEASE SEE COMPANY PREPARED SCHEDULE ATTACHED.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $ 0
Dated: JULY 20, 2005 ________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Form 6
\
Intermet Corporation
Month Ended June 30, 2005
GARY ROBERT E. TIMOTHY R. JOHN B. TODD THOMAS E. ALAN J.
NAME: RUFF BELTS GILLILAND RUTHERFORD HEAVIN PRUCHA MILLER
-------------- ----------- ---------------- ----------- ---------- ------------ -------------------
Chairman & CEO VP Finance VP-Sales & VP-Ferrous VP-Technical VP, General Counsel
JOB DUTIES: Director and CFO VP- Light Metals Marketing Metals Services Ass't Secretary
-------------- ----------- ---------------- ----------- ---------- ------------ -------------------
(MONTHLY)
COMPENSATION: $41,667 $21,667 $16,667 $16,667 $17,500 $14,583 $18,750
------- ------- ------- ------- ------- ------- -------
BENEFITS PAID:
Health Insurance 772 772 546 546 772 546 546
Life Insurance 358 358 358 358 358 358 358
Deferred Comp 142 142 142 142 142 124 142
Retirement 364 190 148 148 154 128 164
Company Vehicle 1,104 850 850 850 1,004 722 850
Cell Phone - 89 - 85 62 - -
- - - - - - -
- - - - - - -
(EXPENSE REIMBURSE): - - - - - - -
Meals & Entertainment 263 - 84 320 669 104 -
Travel 247 62 1,990 2,408 2,602 1,805 -
Communications 206 - 517 - - - -
Dues & Subscriptions 99 - - - - - -
Misc--Auto maintenance,
Conference, Passport fees 161 333 - 850 - - -
Misc--Software fee - - - - - - 600
- - - - - - -
OTHER PAYMENTS: - - - - - - -
Rents Paid - - - - - - -
Loans - - - - - - -
Other (Describe) - - - - - - -
Dues & Subscriptions - 750 - - - - -
------- ------- ------- ------- ------- ------- -------
TOTAL OF ALL PAYMENTS 45,383 25,213 21,302 22,374 23,263 18,370 21,410
======= ======= ======= ======= ======= ======= =======
BYTHA GREG MICHAEL MARY JO JOHN P. JULIA D. NORMAN F. JOHN R.
MILLS WAHOWIAK SKRZYPCAK KARJALA CRECINE DARLOW EHLERS HORNE
------------------ --------------- ----------- --------- -------- -------- ---------- ----------
NAME: Business Systems
JOB DUTIES: VP- Administration Director Treasurer Secretary Director Director Director Director
------------------ --------------- ----------- --------- -------- -------- ---------- ----------
(MONTHLY)
COMPENSATION: $12,500 $11,916 $10,833 $6,000 $ 0 $ 0 $ 0 $ 0
------- ------- ------- ------ --- --- --- ---
BENEFITS PAID:
Health Insurance 284 487 772 546 - - - -
Life Insurance 358 358 - - - - - -
Deferred Comp 106 101 92 51 - - - -
Retirement 109 103 94 54 - - - -
Company Vehicle 850 650 - - - - - -
Cell Phone - 41 41 - - - - -
- - - -
- - - -
(EXPENSE REIMBURSE): - - - - - - - -
Meals & Entertainment - 726 - - - - - -
Travel - - - - - - - -
Communications - - - - - - - -
Dues & Subscriptions - - - - - - - -
Misc--Auto maintenance,
Conference, Passport fees - - - - - - - -
Misc--Software fee - - - - - - - -
OTHER PAYMENTS: - - - - - - - -
Rents Paid - - - - - - - -
Loans - - - - - - - -
Other (Describe) - - - - - - - -
Dues & Subscriptions - - 215 - - - -
------- ------- ------- ------ --- --- --- ---
TOTAL OF ALL PAYMENTS 14,207 14,382 12,047 6,651 - - - -
======= ======= ======= ====== === === === ===
THOMAS H. CHARLES G. RICHARD A. PAMELA E. MITSUNOBU
NAME: JEFFS II MCCLURE NAWROCKI RODGERS TAKEUCHI
-------- --------- --------- -------- ---------
JOB DUTIES: Director Director Director Director Director TOTAL
-------- --------- --------- -------- --------- -----
(MONTHLY)
COMPENSATION: $ 0 $ 0 $ 0 $ 0 $ 0 $188,750
--- --- --- --- --- --------
BENEFITS PAID:
Health Insurance - - - - - 6,589
Life Insurance - - - - - 3,222
Deferred Comp - - - - - 1,326
Retirement - - - - - 1,656
Company Vehicle - - - - - 7,730
Cell Phone - - - - - 318
(EXPENSE REIMBURSE): - - - - -
Meals & Entertainment - - - - - 2,166
Travel - - - - - 9,114
Communications - - - - - 723
Dues & Subscriptions - - - - - 99
Misc--Auto maintenance,
Conference, Passport fees - - - - - 1,344
Misc--Software fee
OTHER PAYMENTS: - - - - - -
Rents Paid - - - - - -
Loans - - - - - -
Other (Describe) - - - - - -
Dues & Subscriptions - - - - - 965
--- --- --- --- --- --------
TOTAL OF ALL PAYMENTS - - - - - 224,002
=== === === === === ========
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 JUNE 30, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67599
) Chapter 11
) Judge: Marci B. McIvor
ALEXANDER CITY CASTING CO., INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: JULY 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 6-30-05
($000's)
CASE # 04-67599
ALEXANDER
CITY CASTING CO.
--------------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales - -
Cost of Goods Sold
Materials and Freight - -
Wages - Hourly - -
Wages-Salary - -
Employee Benefits and Pension - -
Repairs & Maintenance - -
Supplies - -
Utilities - -
Purchased Components/Services - -
Income(loss) from Pattern Sales - -
Fixed Asset - (gain/loss) - -
MIS Expense - -
Travel & Entertainment - -
Other Variable Costs (1) 65
Depreciation & Amortization - -
Other Allocated Fixed Costs - -
Other Fixed Costs - -
------ ------
Cost of Goods Sold (1) 65
Gross Profit 1 (65)
Plant SG&A Expense - -
SG&A Expense - Allocation (Sched 1) - -
Other Operating Expenses 1 1,586
------ ------
Total Operating Expenses 1 1,586
Operating Profit - (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) - 32
------ ------
Total Non-Operating Expenses - 32
Income Before Income Taxes - (1,619)
Income Tax Expense 1 9
------ ------
Net Income (1) (1,628)
====== ======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs June
(Allocation of Corporate Costs to Filing Entities)
(000's)
June
--------
Officer Compensation $ 189
Salary Expense other Employees 892
Employee Benefits and Pension 107
Payroll Taxes 53
Other Taxes 0
Rent and Lease Expense 212
Interest Expense
Insurance 63
Automobile and Truck Expense 11
Utilities(Gas Electric,Phone) 43
Depreciation 86
Travel and Entertainment 114
Repairs and Maintenance 98
Advertising/Promotion 10
Supplies, Office Expense 42
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 28
Public Reporting Fees 15
Employee Relocation/Training 17
Data Processing 27
Dues and Subscriptions 15
Outside Services 92
Project Development Costs net of Billings (32)
Director Fees 25
Miscellaneous 5
Legal Fees 10
Cost Allocation - Europe (78)
Cost Allocation - Out (254)
-------
$ 2,143
=======
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 490
-------
Total $ 2,143
=======
Intermet Corp and Subsidiaries
Balance Sheet as of 06-30-05
($000's)
CASE # 04-67599
----------------
ALEXANDER
CITY CASTING CO.
----------------
Cash And Equivalents $ -
Accounts Receivable -
Short-Term Intercompany Receivables -
Inventories 133
Other Current Assets -
--------
TOTAL CURRENT ASSETS 133
Land and Buildings 537
Machinery & Equipment 1,588
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 $ -
Wages and Salaries (See schedule) -
Taxes Payable - (See schedule) 3
--------
TOTAL POST PETITION LIABILITIES 3
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 150
Short-Term Intercompany Payables -
Retirement Benefits -
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities -
Long-Term Intercompany Payables 36,922
Minority Interest -
--------
TOTAL LIABILITIES 37,075
Common Stock 10
Capital In Excess Of Par Value 90
Retained Earnings - Prepetition (34,861)
Retained Earnings - Post Petition (1,628)
Equity In European Operations
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
--------
TOTAL SHAREHOLDER EQUITY (36,389)
--------
TOTAL LIABILITIES AND EQUITY $ 686
========
PERIOD ENDED: 06-30-05 ALEXANDER CITY CASTING CO., INC. CASE #04-67599
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued/ Payments/ as of
5/31/2005 Withheld Deposits 6/30/2005
--------- -------- -------- ---------
Income tax withheld: Federal $ 0 $ 0 $ 0 $ 0
Income tax withheld: State $ 0 $ 0 $ 0 $ 0
Income tax withheld: Local $ 0 $ 0 $ 0 $ 0
FICA Withheld $ 0 $ 0 $ 0 $ 0
Employers FICA $ 0 $ 0 $ 0 $ 0
Unemployment Tax: Federal $ 0 $ 0 $ 0 $ 0
Unemployment Tax: State $ 0 $ 0 $ 0 $ 0
All Other Payroll W/H $ 0 $ 0 $ 0 $ 0
$ 0 $ 0 $ 0 $ 0
State Taxes: Inc./Sales/Use/Excise $1,032 $1,516 $ 0 $2,548
Property Taxes $ 0 $ 0 $ 0 $ 0
$ 0
Workers Compensation 0 0 0 0
------ ------ ------ ------
Total $1,032 $1,516 $ 0 $2,548
Wages and Salaries 0 0 0 0
------ ------ ------ ------
Grand Total $1,032 $1,516 $ 0 $2,548
====== ====== ====== ======
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: JUNE 30, 2005
ALEXANDER CITY CASTING CO., INC.
Case Number: 04-67599
CASH ACTIVITY ANALYSIS (CASH BASIS ONLY):
General Payroll Tax Cash Coll. Petty Cash
Acct. Acct. Acct. Acct. Acct.
------- ------- ----- ---------- ----------
A. Beginning Balance _____ _____ _____ _____ _____
B. Receipts _____ _____ _____ _____ _____
(Attach separate schedule)
C. Balance Available _____ _____ _____ _____ _____
(A+B)
D. Less Disbursements _____ _____ _____ _____ _____
(Attach separate schedule)
E. Ending Balance N/A - COMPANY HAS NO BANK ACCOUNTS
(C-D)
(PLEASE ATTACH COPIES OF MOST RECENT RECONCILED BANK STATEMENTS FROM EACH
ACCOUNT)
General Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Payroll Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Tax Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Other monies on hand (specify type and location) i.e., CD's, bonds, etc.:
___________________________________________________________________________
___________________________________________________________________________
Date: JULY 20, 2005 _____________________________
Debtor in Possession
Form 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JUNE 30, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: ALEXANDER CITY CASTING CO., INC. Capacity: ___ Shareholder
Case Number: 04-67599 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED AT INTERMET
CORPORATION. PLEASE SEE INTERMET CORPORATION (CASE #04-67597) FOR ALL INSIDER
COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $0
Dated: JULY 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 JUNE 30, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67605
) Chapter 11
) Judge: Marci B. McIvor
CAST-MATIC CORPORATION )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: JULY 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 6-30-05
($000's)
CASE #04-67605
CAST-MATIC
CORP
---------------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 3,740 33,748
Cost of Goods Sold
Materials and Freight 1,794 19,240
Wages - Hourly 299 2,427
Wages-Salary 148 1,237
Employee Benefits and Pension 33 834
Repairs & Maintenance 150 1,025
Supplies 213 1,797
Utilities 118 988
Purchased Components/Services 199 1,660
Income(loss) from Pattern Sales - -
Fixed Asset - (gain/loss) - (6)
MIS Expense 11 94
Travel & Entertainment 1 20
Other Variable Costs 239 1,561
Depreciation & Amortization 158 1,441
Other Allocated Fixed Costs - (2)
Other Fixed Costs 61 719
------- -------
Cost of Goods Sold 3,424 33,035
Gross Profit 316 713
Plant SG&A Expense - -
SG&A Expense - Allocation (Sched 1) 82 721
Other Operating Expenses - 55
------- -------
Total Operating Expenses 82 776
Operating Profit 234 (63)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (71) (478)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) - 9
------- -------
Total Non-Operating Expenses (71) (469)
Income Before Income Taxes 163 (532)
Income Tax Expense 9 131
------- -------
Net Income 154 (663)
======= =======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs June
(Allocation of Corporate Costs to Filing Entities)
(000's)
June
-------
Officer Compensation $ 189
Salary Expense other Employees 892
Employee Benefits and Pension 107
Payroll Taxes 53
Other Taxes 0
Rent and Lease Expense 212
Interest Expense
Insurance 63
Automobile and Truck Expense 11
Utilities(Gas Electric,Phone) 43
Depreciation 86
Travel and Entertainment 114
Repairs and Maintenance 98
Advertising/Promotion 10
Supplies, Office Expense 42
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 28
Public Reporting Fees 15
Employee Relocation/Training 17
Data Processing 27
Dues and Subscriptions 15
Outside Services 92
Project Development Costs net of Billings (32)
Director Fees 25
Miscellaneous 5
Legal Fees 10
Cost Allocation - Europe (78)
Cost Allocation - Out (254)
-------
$ 2,143
=======
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 490
-------
Total $ 2,143
=======
Intermet Corp and Subsidiaries
Balance Sheet as of 06-30-05
($000's)
CASE #04-67605
--------------
CAST-MATIC
CORP
----------
Cash And Equivalents $ -
Accounts Receivable 7,867
Short-Term Intercompany Receivables -
Inventories 3,802
Other Current Assets 42
--------
TOTAL CURRENT ASSETS 11,711
Land and Buildings 2,889
Machinery & Equipment 17,096
Construction In Progress 1,199
--------
Total Fixed Assets 21,184
Accumulated Depreciation (7,391)
--------
NET FIXED ASSETS 13,793
Investment In Subsidiaries -
Investment In European Operations -
Long-Term Intercompany Receivables -
Deferred Taxes, Long-Term Asset -
Other Assets -
--------
TOTAL ASSETS $ 25,504
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 974
Wages and Salaries (See schedule) 74
Taxes Payable - (See schedule) 146
--------
TOTAL POST PETITION LIABILITIES 1,194
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 400
Short-Term Intercompany Payables 722
Retirement Benefits -
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities -
Long-Term Intercompany Payables 19,511
Minority Interest -
--------
TOTAL LIABILITIES 25,040
Common Stock -
Capital In Excess Of Par Value 2,109
Retained Earnings - Prepetition (982)
Retained Earnings - Post Petition (663)
Equity In European Operations
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
--------
TOTAL SHAREHOLDER EQUITY 464
--------
TOTAL LIABILITIES AND EQUITY $ 25,504
========
PERIOD ENDED: 06-30-05 CAST-MATIC CORP. CASE #04-67605
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
5/31/2005 Withheld Deposits 06/30/2005
--------- -------- -------- ----------
Income tax withheld: Federal $ 0 $ 0 $ 0 $ 0
Income tax withheld: State 0 0 0 0
Income tax withheld: Local 0 0 0 0
FICA Withheld 0 0 0 0
Employers FICA 9,702 (6,382) 0 3,320
Unemployment Tax: Federal 44 (19) 0 25
Unemployment Tax: State 588 (252) 0 336
All Other Payroll W/H 0 0 0 0
State Taxes: Inc./Sales/Use/Excise 18,692 9,346 0 28,038
Property Taxes 92,500 18,500 0 111,000
Workers Compensation 3,700 2,971 (2,971) 3,700
-------- --------- -------- --------
Total $125,227 $ 24,163 ($ 2,971) $146,419
Wages and Salaries 147,169 (73,662) 0 73,507
-------- --------- -------- --------
Grand Total $272,396 ($ 49,499) ($ 2,971) $219,926
======== ========== ======== ========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) Total 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $ 974,216 $ 974,216 $ 0 $ 0
Accounts Receivable $7,639,913 $3,926,358 $3,581,918 $ 131,638
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS: MONTHLY CASH STATEMENT
Month Ended 6/30/2005
CASE # 04-67605
CAST-MATIC CORP (STEVENSVILLE)
----------------------------------------------------------
ACCOUNT TYPE LOCKBOX DEPOSITORY AP PR
Account # 5402699440 361567604 2770721856 2770721864
BANK Stan Fed Bank One Stan Fed Stan Fed
----------- ---------- ----------- ----------
BEGINNING BANK BALANCE - - - -
RECEIPTS 2,358,445 - - -
TRANSFERS IN (CORPORATE) - - 1,099,072 492,232
DIP INFLOW - - - -
DISBURSEMENTS - - (1,099,072) (492,232)
TRANSFERS OUT (CORPORATE) (2,358,445) - - -
---------- ----- ----------- ---------
DIP REPAYMENT - - - -
ENDING BANK BALANCE - - - -
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 2,254,125
CHECKS ISSUED 1,097,750
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 593,488
CORPORATE DEBIT MEMOS 9,427
-----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 3,954,790
===========
OUTSTANDING CHECKS AS OF MAY 31 395,061
VOIDED CHECKS OUTSTANDING AS OF MAY 31
CHECKS ISSUED DURING JUNE 1,097,750
CHECK CLEARED DURING JUNE (1,099,072)
-----------
OUTSTANDING CHECKS AS OF JUNE 30 (SEE OUTSTANDING CHECKLIST) 393,740
===========
CAST-MATIC CORP. CASE NO. 04-67605
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
A STAMP CO $ 66.25
ACCU DIE & MOLD 1,200.00
ACE HARDWARE 511.61
ACE INSURANCE 2,829.60
ADAMS MAGNETICS 32.58
ADAMS REMCO, INC 1,575.01
ADP, INC 2,336.18
AIR TECH ENGINEERING, INC 4,971.00
ALCAN 14,681.76
ALCOA 1,430,207.67
ALFE HEAT TREAT 264,472.05
ALL - PHASE ELECTRIC SUPPLY 45.48
ALL CITIIES OCCUPATIONAL MEDICINE 771.00
ALPHA RESOURCES 143.80
ALRO STEEL CORP 1,662.44
ALUAR 461,569.26
AMERICAN ELECTRIC POWER 30,382.84
ANDERSON GLOBAL 28,918.00
ANTIBUS SCALES & SYSTEMS, INC 218.35
AQUILA 10,088.39
ARAMARK UNIFORMS SERVICES, INC 3,097.75
ASSOCIATED BAG CO 497.62
ASTRO DYNE 195.75
AUTOMATION DIRECT.COM 416.75
AUTOWEB 285.71
B & L INFORMATION SYSTEMS, INC 4,613.00
BEACON OPERATIONS CENTER 24,526.02
BILL JACKSON 40.00
BRAMMALL SUPPLY CO 2,854.95
BRANDON REED 145.46
BROWN & SHARPE 89.20
BURCHETT QUALITY TOOL 10,944.00
BURKETT HVAC 483.87
C. B. DEKORNE, INC 906.10
CENTENNIAL TECHNOLOGIES, INC 11,435.00
CHARLEVOIX ENERGY TRADING 64,539.58
CINDY GRANGER 606.50
CMI SCHNEIBLE 1,243.00
CONDAT 2,673.00
CONNECTION SERVICE 616.68
CONSOLIDATED CONTROLS CO., INC 105.35
COVERALL OF WESTERN MICHIGAN 1,320.00
CPC 6,400.00
CRYSTAL CLEAN 456.65
CUSTOM MOLD 728.82
D & D MACHINERY 8,300.00
D. A. DODD 2,743.67
DATASTREAM SYSTEMS, INC 1,058.94
DIMETEK 18,621.70
DOUBLEDAY OFFICE PRODUCTS, INC 138.50
EARTHSCAPES LANDSCAPING, INC 1,095.00
CAST-MATIC CORP. CASE NO. 04-67605
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
EMI SCHNEIBLE 1,837.82
E-JAY THERMO PRODUCTS, INC 449.86
ERVIN EBERHART 40.00
EXFIL 127.01
FASTENAL CO 7.28
FEDEX FREIGHT 268.74
FLOWTECH CORP 715.20
FLOWTRONICS 94.89
FLOYD BARNES 647.48
FORKLIFT TIRES OF MICHIGAN 528.00
GATEWAY, INC 46.96
GE INSPECTION TECHNOLOGIES 2,000.00
GEO T. SCHMIDT , INC 351.14
GLOBAL EXCHANGES SERVICES 39.79
GRAND TECHNOLOGIES 213.12
GREAT LAKES AUTOMATION 2,953.10
GRIFFIN TOOL, INC 119,813.00
H & H EXPRESS, INC 5,075.42
HAMPTON INN - STEVENSVILLE 1,987.84
HELPMATE 2,275.00
HI-TEMP PRODUCTS, INC 1,275.00
HULL LIFT TRUCK, INC 265.00
HYDRACT INC 194.62
IGC TECHNOLOGIES 740.00
INDUSTRIAL FIREBRICK CORP 68.40
INDUSTRIAL SOLUTIONS 4,895.83
INFORMATION HANDLING 763.77
INOVIS, INC 1,019.00
J & H HYDRAULIC SERVICE 1,600.00
J & L INDUSTRIAL SUPPLY 1,095.72
JACKSON, SHIELDS, YEISER 54.55
JACKSON, SHIELDS, YEISER 5,297.82
JEFF BANKS 157.12
JERZ MACHINE TOOL CORP 27,690.00
JONES & HENRY LABORATORIES, INC 40.80
JUS-RITE ENGINEERING, INC 3,156.00
KANDLER TOOL CO 1,400.00
KEENER SAND & CLAY CO 2,640.00
KENDALL ELECTRIC 6,895.71
KENT RUDBECK 1,304.17
KMH SYSTEMS 3,501.68
LAWRENCE WILLIAMS 40.00
LOWES 888.28
M & I MACHINE 4,313.25
MAMMUT-WETRO 40,404.00
MANUFACTURERS RUBBER SUPPLY 108.80
MARCUS BUDD 316.33
MARK PACK, INC 173.98
MARTIN FLUID POWER 303.98
MCMASTER-CARR SUPPLY CO 6,657.56
METALLURG ALUMINUM 14,751.45
MICHIGAN SHIPPERS SUPPLY 317.10
CAST-MATIC CORP. CASE NO. 04-67605
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
MINITAB, INC 2,279.00
MITCHELL MAZE 47.40
MITTLER SUPPLY INC 3,400.91
MOLTEN METAL EQUIPMENT INNOVATIONS, INC 4,716.00
MOTION INDUSTRIES, INC 2,497.99
NATIONAL ELEMENT, INC 2,945.62
NEFF ENGINEERING CO 2,906.56
NEWARK IN ONE 1,410.46
NMHG FINANCIAL SERVICES 710.85
OMEGA ENGINEERING, INC 504.40
ONDRAKA MANAGEMENT ENTERPRISES LLC 645.00
OVERNIGHT TRANSPORTATION 478.79
PAYROLL (INCLUDES CORP DISBURSEMENTS) 593,488.13
PC UNIVERSE 3,943.11
PETTY CASH 1,028.24
POOCH WELDING SUPPLY CO 4,025.03
PREMIER FASTENER CO 120.17
PRIDE WELDING 3,756.00
PROCESS ENGINEERING & EQUIPMENT CO 191.50
PRODUCT ACTION INTERNATIONAL, INC 43,301.02
PROVIDENT LIFE 106.25
PYROTEK, INC 56,862.22
QME QUALITY MOLD & ENGINEERING 24,865.00
QUANTUM CONNECTIONS, LLC 67.00
R A MORT SUPPLY 361.60
RADDE AGENCY 28.00
RAPID PRINT 613.09
RAY'S MOTEL 756.00
RED ARROW FIRE & SAFETY, LLC 121.86
RELIABLE DISPOSAL 989.48
RHM FLUID POWER 331.72
ROCKHURST UNIVERSITY CONTINUING ED 773.00
S & S INDUSTRIAL SUPPLY, INC 9,510.45
SAFTEY PRODUCTS DIVISION 3,077.78
SBC AMERITECH 719.63
SCHOTT SAW CO 2,256.50
SCOPE SERVICES, INC 71,586.03
SHAMROCK AUTOMATION, INC 1,683.80
SHARON NAPIER 95.24
SPARTAN WOOD PRODUCTS 656.00
SPRINT 352.94
STAPLES BUSINESS ADVANTAGE 5,674.33
SUPERIOR BUSINESS SOLUTIONS 345.45
SUPERIOR SNACKS & VENDING SERVICE 422.25
SWAN OIL CO 41.17
TED WALLACE 150.00
TEST EQUIPMENT DISTRIBUTORS, LLC 307.20
THAYER, INC 1,047.18
THE HILL & GRIFFITH CO 185.53
TIGMASTER CO, INC 350.00
TRANSGROUP INTERNATIONAL 492.17
TRANSMAN 24,168.53
TWIN CITIES GLASS 296.75
CAST-MATIC CORP. CASE NO. 04-67605
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
UGS CORP 379.48
UNUM LIFE INS. CO. OF AMER. 4,637.88
US INSPECTION SERVICES 86,662.00
VALENITE 12.00
VEKTEK 605.70
VICKER ENGINEERING, INC 14,695.00
W. H. DUFFILL, INC 62.70
WATER DEPT 2,904.98
WEST MICHIGAN HYDRAULIC FLUIDPOWER 451.51
WILLIAM A. KIBBE & ASSOCIATES, INC. 1,515.00
WILLIAM ATKINS 153.75
Y.E.S 51,992.11
YOUNGBLOOD AIR SYSTEMS, INC 13,969.41
YXLON INTERNATIONAL 195,395.00
----------------
$ 3,954,790.26
CAST-MATIC CORPORATION
CASE NO. 04-67605
AT 6/30/05
STEVENSVILLE - BANK RECONCILIATION
Bank Balance $ -
Outstanding AP Checks 393,739.69
Misc. reconiling items adjusted in July. (47,170.00)
-----------
346,569.69
Unadjusted GL Balance 346,569.69
-----------
Difference $ -
===========
CAST-MATIC CORPORATION
CASE NO. 04-67605
STEVENSVILLE
OUTSTANDING CHECKS
Case No. 04-67605
DATE CHECK OUTSTANDING DATE CHECK OUTSTANDING
---- ----- ----------- ---- ----- -----------
5/9/2005 50415 $ 9,157.38 6/30/2005 50966 400.00
5/19/2005 50530 1,000.00 6/30/2005 50967 7,934.38
6/9/2005 50742 2,275.00 6/30/2005 50968 319.56
6/9/2005 50743 265.00 6/30/2005 50969 54.00
6/15/2005 50789 1,683.80 6/30/2005 50970 538.67
6/22/2005 50854 94.94 6/30/2005 50971 28.00
6/22/2005 50855 278.93 6/30/2005 50972 511.34
6/22/2005 50857 728.82 6/30/2005 50973 758.48
6/22/2005 50858 429.01 6/30/2005 50974 282.32
6/23/2005 50860 31.75 6/30/2005 50975 339.70
6/23/2005 50861 870.19 6/30/2005 50976 15,651.04
6/23/2005 50874 404.60 6/30/2005 50977 1,709.67
6/23/2005 50875 782.33 6/30/2005 50978 422.25
6/23/2005 50877 1,019.00 6/30/2005 50979 436.68
6/23/2005 50878 1,600.00 6/30/2005 50980 296.75
6/23/2005 50892 331.72 6/30/2005 50981 2,357.52
6/23/2005 50899 21,397.75 6/30/2005 50982 379.48
6/24/2005 50907 6,400.00 6/30/2005 50983 495.00
6/24/2005 50909 329.45 6/30/2005 50984 296.79
6/24/2005 50914 213.12 6/30/2005 50985 186,886.00
6/27/2005 50915 3,222.60 6/30/2005 50986 7,608.77
6/28/2005 50918 492.17 6/30/2005 50987 71.25
6/29/2005 50919 1,465.08 6/30/2005 50988 145.46
6/29/2005 50920 107.65 6/30/2005 50989 40.00
6/29/2005 50921 95.00 6/30/2005 50990 40.00
6/30/2005 50922 930.71 6/30/2005 50991 106.12
6/30/2005 50923 141.44
6/30/2005 50924 740.00 $ 393,739.69
6/30/2005 50925 1,200.00
6/30/2005 50926 320.95
6/30/2005 50927 4,971.00
6/30/2005 50928 23.16
6/30/2005 50929 771.00
6/30/2005 50930 81.24
6/30/2005 50931 5.47
6/30/2005 50932 21.15
6/30/2005 50933 500.00
6/30/2005 50934 628.49
6/30/2005 50935 66.25
6/30/2005 50936 5,135.13
6/30/2005 50937 313.73
6/30/2005 50938 4,320.00
6/30/2005 50939 110.83
6/30/2005 50940 1,320.00
6/30/2005 50941 1,095.00
6/30/2005 50942 7.28
6/30/2005 50943 45.88
6/30/2005 50944 167.93
6/30/2005 50945 51,840.00
6/30/2005 50946 457.73
6/30/2005 50947 411.75
6/30/2005 50948 1,118.88
6/30/2005 50949 1,275.00
6/30/2005 50950 420.00
6/30/2005 50951 6,190.00
6/30/2005 50952 880.00
6/30/2005 50953 1,512.24
6/30/2005 50954 442.49
6/30/2005 50955 158.55
6/30/2005 50956 669.00
6/30/2005 50957 1,572.00
6/30/2005 50958 14,751.45
6/30/2005 50959 2,279.00
6/30/2005 50960 773.00
6/30/2005 50961 558.60
6/30/2005 50962 710.85
6/30/2005 50963 561.41
6/30/2005 50964 645.00
6/30/2005 50965 811.58
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JUNE 30, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: CAST-MATIC CORPORATION Capacity: ___ Shareholder
Case Number: 04-67605 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $0
Dated: JULY 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 JUNE 30, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67609
) Chapter 11
) Judge: Marci B. McIvor
COLUMBUS FOUNDRY, L.P. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization. (If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: JULY 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 6-30-05
($000's)
CASE #04-67609
COLUMBUS
FOUNDRY
------------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 12,355 116,275
Cost of Goods Sold
Materials and Freight 3,669 39,645
Wages - Hourly 1,869 15,610
Wages-Salary 484 4,283
Employee Benefits and Pension 1,061 7,601
Repairs & Maintenance 1,091 7,173
Supplies 724 6,325
Utilities 900 7,601
Purchased Components/Services 340 5,785
Income(loss) from Pattern Sales (100) (1,019)
Fixed Asset - (gain/loss) - 11
MIS Expense 62 513
Travel & Entertainment 11 81
Other Variable Costs 132 1,630
Depreciation & Amortization 401 4,241
Other Allocated Fixed Costs - 2
Other Fixed Costs 196 1,463
------ -------
Cost of Goods Sold 10,840 100,945
Gross Profit 1,515 15,330
Plant SG&A Expense 22 294
SG&A Expense - Allocation (Sched 1) 313 2,748
Other Operating Expenses - 415
------ -------
Total Operating Expenses 335 3,457
Operating Profit 1,180 11,873
Outside Interest Income - -
Outside Interest (Expense) - (6)
Intercompany Interest Income - -
Intercompany Interest (Expense) (235) (1,774)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) - -
------ -------
Total Non-Operating Expenses (235) (1,780)
Income Before Income Taxes 945 10,093
Income Tax Expense 33 323
------ -------
Net Income 912 9,770
====== =======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs June
(Allocation of Corporate Costs to Filing Entities)
(000's)
June
-------
Officer Compensation $ 189
Salary Expense other Employees 892
Employee Benefits and Pension 107
Payroll Taxes 53
Other Taxes 0
Rent and Lease Expense 212
Interest Expense
Insurance 63
Automobile and Truck Expense 11
Utilities(Gas Electric,Phone) 43
Depreciation 86
Travel and Entertainment 114
Repairs and Maintenance 98
Advertising/Promotion 10
Supplies, Office Expense 42
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 28
Public Reporting Fees 15
Employee Relocation/Training 17
Data Processing 27
Dues and Subscriptions 15
Outside Services 92
Project Development Costs net of Billings (32)
Director Fees 25
Miscellaneous 5
Legal Fees 10
Cost Allocation - Europe (78)
Cost Allocation - Out (254)
-------
$ 2,143
=======
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 490
-------
Total $ 2,143
=======
Intermet Corp and Subsidiaries
Balance Sheet as of 06-30-05
($000's)
CASE #04-67609
--------------
COLUMBUS
FOUNDRY
--------------
Cash And Equivalents $ -
Accounts Receivable 23,265
Short-Term Intercompany Receivables 6
Inventories 7,626
Other Current Assets 30
--------
TOTAL CURRENT ASSETS 30,927
Land and Buildings 12,763
Machinery & Equipment 78,138
Construction In Progress 762
--------
Total Fixed Assets 91,663
Accumulated Depreciation (62,161)
--------
NET FIXED ASSETS 29,502
Investment In Subsidiaries -
Investment In European Operations -
Long-Term Intercompany Receivables 32,146
Deferred Taxes, Long-Term Asset -
Other Assets 621
--------
TOTAL ASSETS $ 93,196
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 3,216
Wages and Salaries (See schedule) 336
Taxes Payable - (See schedule) 842
--------
TOTAL POST PETITION LIABILITIES 4,394
SECURED LIABILITIES:
SECURED DEBT -
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes -
Accrued Tax - State -
Accrued Property Taxes -
Accrued Workers Comp. 200
Accrued Payroll -
Accrued Payroll Taxes -
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 200
UNSECURED LIABILITIES
Accounts Payable 9,841
Senior & IDR Bonds -
--------
TOTAL UNSECURED LIABILITIES 9,841
OTHER LIABILITIES
Accrued Liabilities 2,228
Short-Term Intercompany Payables 28
Retirement Benefits (796)
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities -
Long-Term Intercompany Payables 1,336
Minority Interest -
--------
TOTAL LIABILITIES 17,231
Common Stock -
Capital In Excess Of Par Value 4,592
Retained Earnings - Prepetition 61,603
Retained Earnings - Post Petition 9,770
Equity In European Operations
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
--------
TOTAL SHAREHOLDER EQUITY 75,965
--------
TOTAL LIABILITIES AND EQUITY $ 93,196
========
PERIOD ENDED: 06-30-05 COLUMBUS FOUNDRY CASE #04-67609
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
5-31-05 Withheld Deposits 6-30-05
----------------------------------------------------------------------
Income tax withheld: Federal ($ 35,554) ($ 247,889) $ 283,443 $ 0
Income tax withheld: State (16,756) (117,120) 133,875 0
Income tax withheld: Local 0 0 0 0
FICA Withheld (29,922) (206,862) 236,784 0
Employers FICA (71,638) (185,467) 236,784 (20,321)
Unemployment Tax: Federal (3,346) (1,361) 0 (4,708)
Unemployment Tax: State (21,429) (4,073) 0 (25,502)
All Other Payroll W/H (74,824) (216,508) 222,784 (68,548)
State Taxes: Inc./Sales/Use/Excise (120,041) (121,653) 54,664 (187,031)
Property Taxes (249,918) (50,000) 0 (299,918)
Workers Compensation (205,000) (31,278) 0 (236,278)
----------------------------------------------------------------------
Total ($ 828,429) ($1,182,211) $ 1,168,334 ($ 842,306)
Wages and Salaries (605,300) (2,489,071) 2,758,737 (335,633)
----------------------------------------------------------------------
Grand Total ($1,433,728) ($3,671,282) $ 3,927,072 ($1,177,939)
======================================================================
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 $ 3,215,768 1,475,679 1,534,620 205,469 *
Accounts Receivable $23,597,609 21,945,189 378,487 1,273,932
* disputed with vendor
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS: MONTHLY CASH STATEMENT
MONTH ENDED 6/30/2005
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 - 8,268,433 - - -
TRANSFERS IN (CORPORATE) - - 3,350,890 2,051,021 432,253
DIP INFLOW - - - - -
DISBURSEMENTS - - (3,350,890) (2,051,021) (432,253)
TRANSFERS OUT (CORPORATE) - (8,268,433) - - -
DIP REPAYMENT - - - - -
-------------------------------------------------------------------------------------------
ENDING BANK BALANCE - - - - -
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 3,909,435
CHECKS ISSUED 3,824,893
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 2,408,689
CORPORATE DEBIT MEMOS 2,741
-----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $10,145,758
===========
OUTSTANDING CHECKS AS OF MAY 31 199,117
VOIDED CHECKS OUTSTANDING AS OF MAY 31 (542)
CHECKS ISSUED DURING JUNE 3,824,893
CHECK CLEARED DURING JUNE (3,235,678) Excludes $ 115,212 of misc EFT's.
-----------
OUTSTANDING CHECKS AS OF JUNE 30 (SEE OUTSTANDING CHECKLIST) $ 787,790
===========
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
- -----------------------------------------------------------------------
ABEL, JOHN N. $ 1,782.61
ACTIVATION, INC. 3,250.51
ADP INC 2,835.40
ADULT PROBATION OFFICE 3,870.16
AETNA US HEALTHCARE 9,908.85
AIR COMPRESSOR TECHNOLOGIES 3,642.68
AIRGAS DRY ICE 2,282.58
AIRGAS SOUTH INC. 791.16
ALABAMA CHILD SUPPORT PAYMENT 17,189.56
ALLEGRA PRINT & IMAGING 2,963.86
ALLEN RICHIE 1,971.64
ALLIED MINERAL PRODUCTS INC 127,339.48
ALPHA RESOURCES INC 1,213.72
AMERALLOY STEEL COPRORATION 1,597.11
AMERICAN BUSINESS FORMS 1,016.50
AMERICAN COLLOID COMPANY 214,341.39
AMERICAN EYE CARE 533.10
AMERICAN FAMILY LIFE 214.39
AMERICAN TESTING LABORATORY 315.00
AQUATROL(DIV. OF MOMAR) 1,600.00
ATMOS ENERGY 100,327.77
AUTOMATED BUSINESS MACHINES 682.00
AUTOWEB 285.71
BARBIER, MARK 89.00
BARLOWORLD HANDLING LP 39,353.63
BEARDSLEY & PIPER, LLC 7,459.00
BEAUFORT COUNTY FAMILY COURT 506.16
BECK & ASSOCIATES 391.06
BELL SOUTH 2,322.26
BELLSOUTH-GEORGIA 800.00
BELLWEATHER, INC 1,880.05
BERGER ANDERSON 1,017.72
BETTY BASS FLOWERS & GIFTS 53.50
B-H TRANSFER CO 11,745.96
BHA GROUP 80.83
BHA GROUP INC 1,589.42
BONNER JR., FRANK W. 1,030.13
BROADSPIRE SERVICES INC 17,107.56
BROWN & SHARPE 212.12
BROWNE & SHARPE -
BUCHANAN, LEON 87.03
BUCK ICE & COAL CO. 4,110.44
C.A. PICARD SURFACE ENGIN 16,376.00
CAIL TOOL & MACHINERY, INC 7,886.10
CAMERON & BARKLEY CO. 1,789.11
CARLA DEVITA REED 1,200.00
CARRIER VIBRATING EQUIPMENT, INC. 25,532.92
CASTROL INDUSTRIAL N A 2,083.13
CECO ASSOCIATES 6,696.00
CENTIMARK ROOF SYSTEM 472.68
CHAMPION CHISEL WORKS, INC. 5,353.60
CHAPTER 13 TRUSTEE 37,465.05
CHECK-MATE 308.72
CHILD SUPPORT ENFORCEMENT, FSR 900.00
CINTAS CORP. 6,147.68
CINTAS CORPORATION 135.82
CIT TECHNOLOGY FIN SERV, INC 1,196.26
CLERK OF MUNICIPAL COURT 1,464.37
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
- -----------------------------------------------------------------------
CLERK OF THE CIRCUIT COURT 1,075.05
CLIENT SERVICES ECM (FIDELITY) 105.10
COASTAL ENERGY 29,435.67
COBB WIRE ROPE & SLING CO. 2,899.67
COLE-PARMER INSTRUMENT CO. 218.82
COLUMBUS CHAMBER OF COMMERCE 1,100.00
COLUMBUS FIRE & SAFETY EQUIP 2,185.91
COLUMBUS INDUSTRIAL SUPPLY 1,969.08
COLUMBUS RUBBER & GASKET, INC. 280.00
COLUMBUS WATER WORKS 13,279.43
COMMERCIAL FLOORS OF COLUMBUS 1,615.25
CONSTRUCTION MANAGEMENT SERVIC 93,103.00
CONVERGED NETWORKS 310.00
CORINNE T. HURST/CIRCUIT CLERK 302.00
CURTIS REDDING 2,856.00
DANIELS, RICHARD 719.75
DAUBER COMPANY, INC. 98,800.00
DAVID J JOSEPH COMPANY -
DEFENDER SERVICES INC 20,764.47
DELATON SERVICE CORPORATION 18,705.00
DELL RECEIVABLES L.P. 488.99
DIDION INTERNATIONAL INC. 3,420.00
DISAMATIC 16,615.65
DYNAMIC AIR INC 152.43
DYSON CONVEYOR 834.10
EAGLITE CHEMICALS 19,826.00
EARTHLINK INC 47.90
EAST COAST INDUSTRIAL TIRE 8,366.29
EBCO BATTERY CO 980.66
EDDIE WILLIAMS 8,286.05
EDWARD E. RIFFLE 615.00
ELECTRIC MELTING SRVCES SW INC 74,452.10
ELKEM METALS, INC. 98,049.97
ENTERPRISE 1,118.79
ENVIRONMENTAL RESOURCE ANALYST 183.00
ENVIRONMENTAL TECHNOLOGY CORP 119.00
ETA ENGINEERING, INC. 1,637.10
FAST-TEK INC. 1,791.98
FERGUSON ENTERPRISES. 10,738.04
FISHER SCIENTIFIC CO. 6,841.78
FLETCHER OIL INC. 12,408.46
FMC CORPORATION 87.96
FORTUNE MAGAZINE 20.00
G E CAPITAL 009 5,530.88
G E CAPITAL 005 9,902.55
G E CAPITAL 006 16,229.76
G E CAPITAL 007 4,951.96
G E CAPITAL 008 7,553.13
G.E. CAPITAL -002 14,678.25
GA AUTOMATION CO. INC. 2,021.73
GA DEPT NATURAL RESOURCES 115.00
GA.DEPT. OF NATURAL RESOURCES 1,725.00
GAYLORD FOUNDRY EQUIPMENT,INC. 741.88
GENERAL KINEMATICS 398.15
GENTRY MACHINE WORKS, INC. 39,488.85
GEORGE CAVE 75.00
GEORGIA POWER 690,335.61
GEORGIA POWER CO. 2,471.86
GLENN PETRIK 800.63
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
- -----------------------------------------------------------------------
GLOBAL DOSIMRY SOLUTIONS INC. 118.26
GLOBAL ENGINEERING 163.22
GLOBAL EQUIPMENT CO. 2,282.26
GLOBE METALLURGICAL INC. 270,925.20
GRAYLINK 1,166.32
GSCPA 190.00
GWINNETT MAGISTRATE COURT 1,794.33
HA INTERNATIONAL LLC 33,054.61
HAMMOND CONSTRUCTION CO. 14,700.00
HARTLEY CONTROLS INC 3,649.70
HAUTT, PETE 263.80
HERAEUS ELECTRO-NITE CO. 19,293.41
HOBBS MACHINE SHOP 186.32
HOUGHTON INTERNATIONAL 18,447.17
IFCO INDUSTRIAL CONTAINER SYS 1,195.40
IKON OFFICE SOLUTIONS 254.66
INDUCTOTHERM CORP. 22,599.43
INDUSTRIAL 1 SUPPLY CO. 31,147.37
INDUSTRIAL CHEMICALS 538.10
INDUSTRIAL COMBUSTION SVCE INC. 3,331.00
INDUSTRIAL CONTRACTING SERVICE 24,033.55
INDUSTRIAL METAL FABRICATORS 19,208.00
INDUSTRIAL PACKAGING CORPORATI 5,402.22
INDUSTRIAL VENTILATION INC. 10,049.78
INFORMATION HANDLING SERVICES 763.77
INTEGRITY ROTATIONAL MOLDING, 57,976.80
INTERNAL REVENUE SERVICE 1,837.25
INTERNAL REVENUE SERVICE 640.00
INTERNATIONAL TREASURER-USAW 12,844.59
INTERSTATE ELECTRICAL SUPPLY 105,305.27
JESS W. JACKSON & ASSOCIATES 92,670.47
JOE HARRILL 347.40
JOHNSON DIVERSITY/ DUBOIS 2,145.00
JOHNSTONE SUPPLY 4,046.09
KENT RUDBECK 9,032.55
KEVIN MARTIN 1,438.16
KNOX PEST CONTROL 186.00
LABCORP OF AMERICA HOLDINGS 1,166.50
LAEMPE + REICH CORPORATION 199.67
LAKE, STEVE 3,442.09
LAND TRANSPORTATION 127,200.33
LARPEN METALLURGIAL SERVICE 144,810.00
LEADING EDGE 142,650.00
LECO CORP 1,630.33
LIFTSYSTEMS OF GA LLC 2,072.18
LINA 250.00
LINDE GAS LLC 10,679.08
LORAMENDI, INC. 37.33
MAC ENTERPRISES 2,802.78
MACAWBER ENGINEERING, INC. 5,601.12
MAGISTRATE COURT OF 1,482.70
MANPOWER 819.11
MARJO PLASTICS CO., INC. 3,752.50
MARTIN BROTHERS CONTAINERS 15,775.71
MARYLAND WIRE BELTS, INC. 12,314.94
MAYS, DANNY J 51.33
MCCALL, STEVE 468.45
MCI 914.69
MCI CONFERENCING 25.17
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
- -----------------------------------------------------------------------
MCMASTER-CARR SUPPLY CO. 694.44
MCQUAY SE SUPPLY -
METALDYNE 18,954.00
METOKOTE CORPORATION 128,075.35
MICHAEL SMITH 1,044.00
MIDWEST INSTRUMENT COMPANY 2,401.00
MIKE & ED'S BAR - B-Q 371.83
MIKE GRAY 406.67
MIKE WINDISH 4,383.19
MILLER AND COMPANY LLC 156,012.77
MILLER LANDSCAPING 700.00
MODERN EQUIPMENT COMPANY 1,514.00
MORRIS MATERIAL HANDLING 14,028.89
MORRIS SIGN COMPANY 1,160.00
MOTION INDUSTRIES, INC. 83,163.39
NATIONAL AFFILIATED TECHNOLOGI 6,380.00
NATIONAL BELT SERVICE, INC. 25,907.03
NC CHILD SUPPORT CENTRALIZED 531.86
NEW ENGLAND DIGITAL COMPUTER 7,123.15
NEWCO 14,388.56
NORFOLK SOUTHERN CORPORATION 94,100.00
NORTHBEND PATTERN WORKS,LLC 49,441.00
OCCUPATIONAL MEDICINE OF 5,525.00
ODYSSEY PRINTING & GRAPHICS 357.96
OFFICE DEPOT CREDIT PLAN 2,155.70
OHIO CSPC 1,244.96
OMEGA ENGINEERING,INC. 427.38
OMNISOURCE CORPORATION - COPPER -
OMNISOURCE CORPORATION - STEEL 2,071,925.49
OVERBY COMPANY, THE 3,359.84
OVERHEAD DOOR CO. OF COLUMBUS 4,119.00
PA SCDU 541.68
PAMELA LASHALL HOLT 1,200.00
PARMER WATER COMPANY 111.33
PAYROLL (INCLUDES CORP DISBURSEMENTS) 2,408,689.09
PECHINEY WORLD TRADE -
PERFECT PATTERNS INC. 130,077.50
PHILIP SERVICES CORP. 5,420.20
PIEDMONT FOUNDRY SUPPLY, INC. 8,754.39
PIEDMONT NATIONAL CORPORATION 4,730.97
PINE HOLLOW, INC. 3,952.25
PORTER WARNER INDUSTRIES -
PRIMETRADE, INC. 843,118.20
PRINCE, JOHNNY 79.16
PRODUCT ACTION INTERNATIONAL 8,535.13
PROVIDENT LIFE 92.09
PROVIDENT LIFE & ACCIDENT INS. 3,453.85
Q.A. SUPPORT SERVICES 906.00
R&R SAFETY SHOE SERVICE 4,328.14
RADIO WHOLESALE MARKETING 3,126.60
REAVES WRECKING 19,960.72
REED, CHRIS 726.98
REFCOTEC, INC. 117.79
REFRACTORY SALES & SERVICE CO. 3,014.00
REYNOLDS SUPPLY CO. 11,055.00
RICHARD DANIELS 105.17
RODGERS METAL CRAFT, INC. 38,172.25
RUSS THUROW 6,000.00
SAFETY SOUTH 13,511.76
SAFETY-KLEEN CORP. 582.81
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
- -----------------------------------------------------------------------
SAM'S WELDING 3,034.00
SCALE SYSTEMS, INC. 642.00
SCORE, INC. 9,149.00
SCOTT RUITER 1,675.79
SERVICIOS INDUSTRIALES PRECISO 4,660.95
SEWER EQUIPMENT OF FLORDIA 16.11
SHANNON BAKER ASSOCIATES, INC. 48,724.50
SHEMWELL, DAVID 2,134.83
SHEPERD NILES 2,097.91
SHOES 'N COMPANY 1,276.93
SILICA TRANSPORT -
SIMPSON TECHNOLOGIES 468.00
SMITH GRAY ELECTRIC CO., INC. 62,848.46
SMITH, MIKE 570.60
SOL TICK -
SOUTHEAST PNEUMATIC SOLUTION 1,397.44
SOUTHEASTERN HOME OXYGEN SER 34.78
SOUTHERN STATES TOYOTALIFT 70,632.94
SPAR SPECIALTY REFRACTORIES 12,672.00
SPECIALTY CARBIDE PRODUCTS 406.25
SPECIALTY FOUNDRY PRODUCT 1,632.29
SPRINT PCS 5,572.09
STATE CENTRAL UNIT 1,120.00
STATE COLLECTION & DISBUREMENT 1,000.00
STATE COURT OF GWINNETT CTY 78.72
STATE OF FLORIDA DISBURSMENT 257.36
SUPREME CORES OF THE CAROLINAS 12,006.10
TECHNICAL SERVICES GROUP INC. 6,543.90
TENNANT SALES & SERVICE CO. 509.10
THE BUSINESS RESOURCE CENTER 810.00
THE MODAL SHOP 600.64
THE NEW KEIBLER-THOMPSON CO. 3,341.50
THE YOGURT SHOPPE CAFE 249.36
TINIUS OLSEN TESTING MACH INC. 2,566.00
TOOLING & EQUIPMENT INTERNAT'L 84.34
TRANS-MAN LOGISTICS, INC. 90,425.93
TRIPLE M MANUFACTURING, INC. 37,790.00
TRU KUT INC. 2,334.71
TUBE CITY, INC. -
U.S. DEPT OF EDUCATION 564.80
U.S. DEPT OF TRANSPORTATION 300.00
UMETCO, INC. 37,170.00
UNIFRAX 14,601.60
UNIMIN CORPORATION 30,074.72
VAN ALLEN FIRST AID + SAFETY 410.59
VESUVIUS U.S.A 13,518.54
VICTORIA BODLEY 400.00
VOLVO RENTS 11,087.65
VULCAN ELECTRO COATING 40,972.70
WARNER PAINT & DECORATING CENT 3,767.27
WARR GRADING CONTRACTOR 36,738.00
WASTE MANAGEMENT 3,924.38
WHEELABRATOR ABRASIVES, INC. 22,470.00
WHEELABRATOR INTERNATIONAL 3,340.62
WILLIAM A.KIBBE & ASSOCIATES 4,440.00
WINGATE INN 2,337.00
YELLOW CAB OF COLUMBUS INC. 18.00
---------------
$ 10,145,757.57
COLUMBUS FOUNDRY
CASE NO. 04-67609
AT 6/30/05
COLUMBUS FOUNDRY - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 787,790.34
Unadjusted GL Balance 787,790.34
-----------
Difference $ -
===========
COLUMBUS FOUNDRY
OUTSTANDING CHECK LIST
CASE NO. 04-67609
DATE CHECK OUTSTANDING
3/11/2005 18449 $ 23.95
5/17/2005 19867 182.50
6/14/2005 20541 321.34
6/14/2005 20551 541.68
6/21/2005 20627 2,282.26
6/21/2005 20659 11,441.51
6/21/2005 20673 468.45
6/21/2005 20686 40,840.00
6/23/2005 20698 384.69
6/23/2005 20701 741.88
6/23/2005 20705 3,179.25
6/23/2005 20709 509.10
6/23/2005 20712 8,451.88
6/23/2005 20718 308.72
6/28/2005 20726 3,642.68
6/28/2005 20727 686.53
6/28/2005 20728 1,669.83
6/28/2005 20729 7,080.00
6/28/2005 20730 1,589.42
6/28/2005 20732 12,251.33
6/28/2005 20733 3,942.90
6/28/2005 20734 1,764.50
6/28/2005 20735 6,327.47
6/28/2005 20736 9,902.55
6/28/2005 20737 16,229.76
6/28/2005 20738 4,951.96
6/28/2005 20739 304.38
6/28/2005 20740 10,542.60
6/28/2005 20741 5,405.04
6/28/2005 20742 2,449.74
6/28/2005 20743 22.24
6/28/2005 20744 4,051.96
6/28/2005 20745 1,542.65
6/28/2005 20746 20,550.00
6/28/2005 20747 1,387.50
6/28/2005 20748 470.38
6/28/2005 20749 3,886.64
6/28/2005 20750 3,190.00
6/28/2005 20751 625.27
6/28/2005 20753 1,350.00
6/28/2005 20754 450.67
6/28/2005 20755 2,221.00
6/28/2005 20756 1,951.14
6/28/2005 20757 4,660.95
6/28/2005 20758 12,672.00
6/28/2005 20759 2,774.52
6/28/2005 20760 6,240.00
6/28/2005 20761 780.00
6/28/2005 20762 1,530.00
6/28/2005 20763 1,935.08
6/28/2005 20764 11,552.06
6/28/2005 20765 214.39
6/28/2005 20766 253.08
6/28/2005 20767 800.00
6/28/2005 20768 600.00
6/28/2005 20769 18,304.21
6/28/2005 20770 450.00
6/28/2005 20771 442.89
6/28/2005 20772 457.21
6/28/2005 20773 9,793.04
6/28/2005 20774 151.00
6/28/2005 20775 1,428.00
6/28/2005 20776 417.52
6/28/2005 20778 77.38
6/28/2005 20779 684.67
6/28/2005 20780 320.00
6/28/2005 20781 1,009.25
6/28/2005 20782 12,844.59
6/28/2005 20783 347.40
6/28/2005 20784 764.24
6/28/2005 20785 250.00
6/28/2005 20786 1,482.70
6/28/2005 20787 271.00
6/28/2005 20788 622.48
6/28/2005 20789 600.00
6/28/2005 20790 3,453.85
6/28/2005 20791 1,706.03
6/28/2005 20792 105.17
6/28/2005 20793 38.95
6/28/2005 20794 578.82
6/28/2005 20795 570.60
6/28/2005 20796 2,991.61
6/28/2005 20797 640.00
6/28/2005 20798 500.00
6/28/2005 20799 277.14
6/28/2005 20800 200.00
6/28/2005 20801 93.48
6/28/2005 20802 36,500.00
6/30/2005 20808 252.15
6/30/2005 20809 1,016.50
6/30/2005 20810 1,600.00
6/30/2005 20811 11,812.29
6/30/2005 20812 391.06
6/30/2005 20813 830.05
6/30/2005 20814 3,117.25
6/30/2005 20815 1,784.00
6/30/2005 20816 532.86
6/30/2005 20817 23,271.00
6/30/2005 20818 4,464.00
6/30/2005 20819 472.68
6/30/2005 20820 3,354.25
6/30/2005 20821 1,060.13
6/30/2005 20822 1,189.18
6/30/2005 20823 665.74
6/30/2005 20824 12,450.00
6/30/2005 20825 13,520.00
6/30/2005 20826 4,484.66
6/30/2005 20827 18,705.00
6/30/2005 20828 286.77
6/30/2005 20829 3,420.00
6/30/2005 20830 3,751.96
6/30/2005 20831 183.00
6/30/2005 20832 1,637.10
6/30/2005 20833 531.86
6/30/2005 20834 432.67
6/30/2005 20835 146.75
6/30/2005 20836 17,454.00
6/30/2005 20837 574.45
6/30/2005 20838 741.49
6/30/2005 20839 426.93
6/30/2005 20840 9,415.28
6/30/2005 20841 3,331.00
6/30/2005 20842 8,697.00
6/30/2005 20843 2,553.08
6/30/2005 20844 2,145.00
6/30/2005 20845 1,438.16
6/30/2005 20846 9,240.00
6/30/2005 20847 1,248.00
6/30/2005 20848 37.33
6/30/2005 20849 3,752.50
6/30/2005 20850 1,324.62
6/30/2005 20851 646.64
6/30/2005 20852 3,651.75
6/30/2005 20853 1,200.50
6/30/2005 20854 1,511.36
6/30/2005 20855 836.88
6/30/2005 20856 6,464.51
6/30/2005 20857 28.88
6/30/2005 20858 118.74
6/30/2005 20859 4,119.00
6/30/2005 20861 7,090.00
6/30/2005 20862 1,338.16
6/30/2005 20863 633.44
6/30/2005 20864 7,686.39
6/30/2005 20865 3,787.86
6/30/2005 20866 12,733.00
6/30/2005 20867 88.17
6/30/2005 20868 582.81
6/30/2005 20869 750.00
6/30/2005 20870 1,397.44
6/30/2005 20871 1,120.71
6/30/2005 20872 1,568.04
6/30/2005 20873 1,711.90
6/30/2005 20876 870.00
6/30/2005 20878 7,796.76
6/30/2005 20879 1,344.83
6/30/2005 20880 5,928.00
6/30/2005 20881 1,065.00
6/30/2005 20882 310.00
6/30/2005 20883 2,471.86
6/30/2005 20884 190.00
6/30/2005 20886 67,042.65
6/30/2005 20889 25,322.45
6/30/2005 20890 28,439.47
6/30/2005 20894 33,742.21
6/30/2005 20896 33,956.52
$787,790.34
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JUNE 30, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: COLUMBUS FOUNDRY, L.P. Capacity: ___ Shareholder
Case Number: 04-67609 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $ 0
Dated: JULY 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 JUNE 30, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67612
) Chapter 11
) Judge: Marci B. McIvor
DIVERSIFIED DIEMAKERS, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: JULY 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 6-30-05
($000's)
CASE #04-67612
DIVERSIFIED
DIEMAKERS
------------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 7,668 67,650
Cost of Goods Sold
Materials and Freight 2,396 23,336
Wages - Hourly 1,473 12,423
Wages-Salary 159 1,381
Employee Benefits and Pension 936 7,080
Repairs & Maintenance 462 3,753
Supplies 208 1,193
Utilities 249 2,305
Purchased Components/Services - -
Income(loss) from Pattern Sales 123 1,663
Fixed Asset - (gain/loss) - -
MIS Expense - -
Travel & Entertainment 7 35
Other Variable Costs 533 4,377
Depreciation & Amortization 753 6,128
Other Allocated Fixed Costs 462 3,217
Other Fixed Costs 160 1,272
----- ------
Cost of Goods Sold 7,921 68,163
Gross Profit (253) (513)
Plant SG&A Expense - (6)
SG&A Expense - Allocation (Sched 1) 257 2,262
Other Operating Expenses - 518
----- ------
Total Operating Expenses 257 2,774
Operating Profit (510) (3,287)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (236) (1,849)
Charges (From) Affiliates - -
Charges To Affiliates - -
Gain/(Loss) On Sales Of Assets 13 13
Outside Dividend Income - -
Foreign Exchange Gain/(Loss) - -
Income/Loss From European Operations - -
Other Income/(Expense) - -
----- ------
Total Non-Operating Expenses (223) (1,836)
Income Before Income Taxes (733) (5,123)
Income Tax Expense - 41
----- ------
Net Income (733) (5,164)
===== ======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs June
(Allocation of Corporate Costs to Filing Entities)
(000's)
June
-----------
Officer Compensation $ 189
Salary Expense other Employees 892
Employee Benefits and Pension 107
Payroll Taxes 53
Other Taxes 0
Rent and Lease Expense 212
Interest Expense
Insurance 63
Automobile and Truck Expense 11
Utilities(Gas Electric,Phone) 43
Depreciation 86
Travel and Entertainment 114
Repairs and Maintenance 98
Advertising/Promotion 10
Supplies, Office Expense 42
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 28
Public Reporting Fees 15
Employee Relocation/Training 17
Data Processing 27
Dues and Subscriptions 15
Outside Services 92
Project Development Costs net of Billings (32)
Director Fees 25
Miscellaneous 5
Legal Fees 10
Cost Allocation - Europe (78)
Cost Allocation - Out (254)
-----------
$ 2,143
===========
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 490
-----------
Total $ 2,143
===========
Intermet Corp and Subsidiaries
Balance Sheet as of 06-30-05
($000's)
CASE #04-67612
--------------
DIVERSIFIED
DIEMAKERS
--------------
Cash And Equivalents $ 24
Accounts Receivable 11,459
Short-Term Intercompany Receivables 87
Inventories 15,893
Other Current Assets 941
--------------
TOTAL CURRENT ASSETS 28,404
Land and Buildings 16,395
Machinery & Equipment 57,781
Construction In Progress 1,048
--------------
Total Fixed Assets 75,224
Accumulated Depreciation (45,326)
--------------
NET FIXED ASSETS 29,898
Investment In Subsidiaries -
Investment In European Operations -
Long-Term Intercompany Receivables 41,354
Deferred Taxes, Long-Term Asset -
Other Assets -
--------------
TOTAL ASSETS $ 99,656
==============
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 1,188
Wages and Salaries (See schedule) 283
Taxes Payable - (See schedule) 840
--------------
TOTAL POST PETITION LIABILITIES 2,311
SECURED LIABILITIES:
SECURED DEBT -
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes -
Accrued Tax - State -
Accrued Property Taxes -
Accrued Workers Comp. 1,227
Accrued Payroll -
Accrued Payroll Taxes -
--------------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 1,227
UNSECURED LIABILITIES
Accounts Payable 6,279
Senior & IDR Bonds -
--------------
TOTAL UNSECURED LIABILITIES 6,279
OTHER LIABILITIES
Accrued Liabilities 3,899
Short-Term Intercompany Payables 23
Retirement Benefits 1,130
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities 1,146
Long-Term Intercompany Payables -
Minority Interest -
--------------
TOTAL LIABILITIES 16,015
Common Stock -
Capital In Excess Of Par Value 110,000
Retained Earnings - Prepetition (21,195)
Retained Earnings - Post Petition (5,164)
Equity In European Operations
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
--------------
TOTAL SHAREHOLDER EQUITY 83,641
--------------
TOTAL LIABILITIES AND EQUITY $ 99,656
==============
PERIOD ENDED: 06-30-05 DIVERSIFIED DIEMAKERS, INC. CASE #04-67612
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
05/31/05 Withheld Deposits 06-30-05
---------- ------------ ----------- ------------
Income tax withheld: Federal ($ 41,178) ($ 189,839) $ 204,313 ($ 26,705)
Income tax withheld: State (12,870) (60,193) 64,599 (8,463)
Income tax withheld: Local 0 0 0 0
FICA Withheld (34,176) (147,728) 160,763 (21,141)
Employers FICA (34,176) (147,728) 160,762 (21,141)
Unemployment Tax: Federal (846) (2,800) 3,312 (334)
Unemployment Tax: State (3,384) (11,201) 13,248 (1,337)
All Other Payroll W/H (77,368) (181,937) 190,397 (68,908)
State Taxes: Inc./Sales/Use/Excise (7,726) (8,078) 3,803 (12,002)
Property Taxes (201,015) (38,289) 0 (239,304)
Workers Compensation (76,492) (396,199) 32,137 (440,553)
---------- ------------ ----------- ------------
Total ($ 489,230) ($ 1,183,992) $ 833,334 ($ 839,888)
Wages and Salaries (397,351) (1,413,704) 1,528,317 (282,738)
---------- ------------ ----------- ------------
Grand Total ($ 886,582) ($ 2,597,696) $ 2,361,651 ($ 1,122,626)
========== ============ =========== ============
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 $ 1,187,703 $ 1,150,947 $ 28,642 $ 8,114
Accounts Receivable $ 11,459,378 $ 9,860,967 $ 524,190 $ 1,074,221
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS: MONTHLY CASH STATEMENT
MONTH ENDED 6/30/2005
CASE # 04-67612
DIVERSIFIED DIE MAKERS (MONROE)
-------------------------------------------------------
ACCOUNT TYPE LOCKBOX DEPOSITORY AP CHECKING CHECKING PR
ACCOUNT # 5402530991 3473589977 2770721732 5045182027 5970758593 2770721740
BANK STAND FED BANK OF AMERICA STAND FED BANK OF AMERICA UMB BANK STAND FED
BEGINNING BANK BALANCE - (727) - 21,526 594 -
RECEIPTS 7,540,923 1,179 - 1,214 15,752 -
TRANSFERS IN (CORPORATE) - - 1,524,209 - - 1,010,590
DIP INFLOW - - - - - -
DISBURSEMENTS - (452) (1,524,209) - (15,312) (1,010,590)
TRANSFERS OUT (CORPORATE) (7,540,923) - - - - -
DIP REPAYMENT - - - - - -
---------- ------------- ---------- ------ ------- ----------
ENDING BANK BALANCE - - - 22,740 1,034 -
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 3,564,130
CHECKS ISSUED 1,240,464.50
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 1,949,444
CORPORATE DEBIT MEMOS 33,363
-------------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 6,787,403
=============
OUTSTANDING CHECKS AS OF MAY 31 385,121
VOIDED CHECKS OUTSTANDING AS OF MAY 31 (49,864)
CHECKS ISSUED DURING JUNE 1,240,465
CHECK CLEARED DURING JUNE (1,524,209)
-------------
OUTSTANDING CHECKS AS OF JUNE 30 (SEE OUTSTANDING CHECKLIST) $ 51,511
=============
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
- --------------------------------------- -------------------
A & S PRINTING SERVICE $ 7,067.62
A. RAYMOND INC 912.84
ABBOTT SUPPLY LLC 2,563.22
ACAP -
ACCUTHERM INC. 2,093.63
Ace Insurance 32,137.49
ACHESON COLLOIDS COMPANY 3,461.23
ADECCO EMPLOYMENT SERVICES 75,807.90
ADRIAN SAUNDERS 30.00
AERO METAL FINISHING INC. 377.22
AIR SPECIALISTS, INC. 7.13
ALBERT SLATER 174.50
ALLEGHENY COATINGS 917.16
ALLIED METAL COMPANY 57,659.55
ALRO MASCO ST. LOUIS 1,093.83
ALTORFER MACHINERY COMPANY 1,052.86
AMBROSE HAYS 45.00
AMERICAN METAL CHEMICAL CORP 594.00
AMERICAN TANK & FABRICATING CO 16,900.00
AMI PIPE AND SUPPLY CO. 1,567.57
AMSTERDAM PRINTING & LITHO 156.38
ANIXTER, INC. 52.50
APPLEBEE TREE FLOWERS & GIFTS 109.93
ASHBY CROSS COMPANY, INC 221.66
ASI - DATAMYTE 1,900.00
AT&T 52.42
AT&T 95.52
ATMOS ENERGY 3,342.47
AUTO ALLIANCE -
Autoweb 285.71
AWERKAMP MACHINE CO. 2,785.27
B.C. MacDONALD & COMPANY 927.54
BALZERS TOOL COATING INC. 273.64
BANK OF AMERICA 5,443.47
BANNER MACHINE TOOL&SUPPLY CO 588.82
BDC, INC. 11,508.49
BENT TUBE, INC. 1,187.16
BFI QUINCY 2,221.64
BLEIGH READY MIX CO. 1,302.88
BLI TOOL & DIE, INC. 549.51
BLICK'S CONSTRUCTION CO., INC. 1,250.00
BOBBY WILSON 4,250.00
BODLE DIAMOND INDUSTRIES 42.50
BOKUM TOOL COMPANY, INC. 268.17
BONE FRONTIER 72.14
BOURN & KOCH, INC 137.02
BRENT DUDGEON (employee) 56.25
BRI, INC. 42.47
BUCKMAN'S CONVENIENCE STORE 1,683.45
BURST MACHINERY COMPANY 1,974.87
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
- --------------------------------------- -------------------
C&R MARKET - MONROE CITY 93.88
C. J. SMITH MACHINERY CO. 434.61
CALIFORNIA INDUSTRIAL PRODUCTS 2,330.51
CAMCAR TEXTRON 95.80
CAPE ELECTRICAL SUPPLY, INC. 8,092.54
CARL HAYS (employee) 15.00
CAROLYN A. GRAINGER 20,664.50
CARQUEST OF HANNIBAL 253.68
CASTING EQUIPMENT & SUPPLY 790.21
CENTERLINE (WINDSOR) LTD 41.94
CENTRAL WELDING SUPPLIES, INC. 69,147.73
CENTURYTEL 3,969.00
CENTURYTEL OF SOUTHWEST MO 21.77
CERTANIUM ALLOYS 1,399.82
CHARLIE SMOOT (employee) 162.25
CHEM-TREND INCORPORATED 23,883.17
CHINN ENTERPRISES, LLC 19,330.20
CHRISTIAN ABERNATHA 57.37
CHRISTY REFRACTORIES COMPANY 4,131.68
CITY OF MONROE CITY 118,460.75
CITY OF SHELBINA 206.14
CLEAN WATER SOLUTIONS 47.99
CLEM JAMES 126.45
CMS COMMUNICATIONS, INC. 600.70
COASTAL BUSINESS MACHINES 120.00
COMPUTERLAND OF QUINCY 40.00
CONTACTS, METALS & WELDING 1,163.02
CONTAINER DISTRIBUTERS INC 6,320.00
CONTROL-AIR, INC. 1,402.38
COPPER & BRASS SALES 409.68
CRAIG YAGER 48.50
CRESCENT ELECTRIC SUPPLY CO 959.34
CREST PRODUCTS INC 4,274.00
CROSS HULLER DRILLUNIT 426.89
CROWN LINEN SERVICE, INC. 1,962.69
CULLIGAN 1,181.22
DAN FOSTER (employee) 46.32
DANA CORPORATION 352,415.00
DARRYL FUNKENBUSCH 40.38
DAVIS TOOL & DIE 8,845.00
DCT INDUSTRIAL SUPPLY 80.80
DEAD SEA MAGNESIUM LTD 586,940.13
DEBBIE LEWIS 64.50
DENNIS CAMDEN 75.00
DENNY MOSS 79.50
DIEMER & ASSOCIATES 2,320.20
DISA GOFF, INC. 135.51
DIVERSIFIED DIEMAKERS(employee related) 16,048.71
DOALL COMPANY 220.93
DOMINO AMJET INC 169.65
DON HAYS (employee) 1,742.54
DOROTHY RITTER 8.07
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
- --------------------------------------- -------------------
DuBOIS CHEMICALS 732.70
DUNN SPECIALTY STEELS INC 777.20
DURA-BAR METAL SERVICES -
EASTERN ALLOYS 233,043.24
EFD, INC. 68.10
E-JAY THERMO PRODUCTS, INC. 480.87
ELECTROCHEM, INC. OF MO 3,657.00
ELECTRODES, INC. 582.76
EMED COMPANY, INC. 108.10
ENGINEERED LUBRICANTS CO. 12,744.68
ENGINEERED PRODUCTS 5,126.99
ENGINEERED SALES 15.95
EUREKA WELDING ALLOYS 131.35
FANUC ROBOTICS NORTH AMERICA 2,387.00
FASTENAL COMPANY 2,034.34
FedEx 126.62
FERGUSON ENTERPRISES, INC. 1,904.61
FIRE-SAFETY, INC. 759.94
FLO-PRODUCTS COMPANY 1,474.00
FRANK FLORI EQUIPMENT CO. 144.11
FRENCH GERLEMAN ELECTRIC CO. 5,656.32
FREUDENBERG - NOK 5,074.00
G.H. TOOL & MOLD 20,390.00
G.S. ROBINS AND COMPANY 2,042.14
GALLAGHER BENEFIT SERVICES 3,000.00
GARFIELD ALLOYS, INC. 19,800.00
GARY YAGER 207.80
GASKET & SEAL FABRIC. INC. 187.84
GATEWAY METALS INC. 20,507.30
GDC, INC. 1,570.32
GEORGE MORGAN (employee) 14.96
GETZ FIRE EQUIPMENT CO. 7,256.96
GIBSON PARTS & EQUIPMENT 93.20
GOAD COMPANY 326.70
GRAINGER 19,407.66
GULF GREAT PLAINS PACKAGING 258.95
GULLY TRANSPORATION 550.00
H.T.R. INC. 1,127.04
HANNIBAL BOARD OF PUBLIC WORKS 27,059.70
HANNIBAL REGIONAL HOSPITAL 680.00
HEINTZ ELECTRIC COMPANY 1,904.87
HELCO PRECISION TOOLS & GAGES 122.47
HERCULES BULLDOG SEALING 61.66
HILLYARD FLOOR CARE SUPPLY 147.29
HITECH AUTOMATION, INC. 1,045.49
HTE TECHNOLOGIES 31,699.21
iCONNECT 101.60
IDG USA, LLC 11,225.55
IDRAPRINCE, INC. 2,506.40
ILLINI ENVIRONMENTAL INC. 8,000.00
INDUSTRIAL FINISHING SERVICES 12,271.86
INDUSTRIAL PROCESS EQUIP GROUP 269.88
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
- --------------------------------------- -------------------
INDUSTRIAL STRAINER COMPANY 1,741.32
Information Handling 763.77
INSIGHT/HARDDRIVES INT'L. 660.23
INTERSTATE CARRIER XPRESS 725.00
INTIER ATREUM-HOWELL -
IOWA MACHINERY & SUPPLY 797.03
JACKSON BROS-HEARTLAND 2,927.29
JACKSON-HIRSH, INC. 80.00
J-COM EDI SERVICES 21.00
JOE GASS (employee) 45.00
JOHN HENRY FOSTER CO. 1,356.85
JOHN KUNCE 40.06
JOHN LONG 40.75
JOHN SAKACH CO OF ST. LOUIS 751.64
JOST MACHINERY COMPANY 213.05
K. P. WESSELING & CO., INC. 44.58
KARLA WATSON 24.00
KENDRICK SMALL ENGINE 48.41
KENNY'S SERVICE CENTER 91.50
KEVIN BICHSEL (employee) 63.25
KEVIN PETERS (employee) 58.51
KOBOLD INSTRUMENTS, INC. 187.42
KONIECZNY TOOL & DIE 20,550.00
L.N. BROSS 25,621.49
LARRY PARRISH 30.86
LEANDER LUBRICANTS 471.35
LINDA STUTHEIT 1,980.13
LISA MARTIN (employee) 673.78
LOWRY COMPUTER PRODUCTS INC 2,738.36
LUBY EQUIPMENT SERVICES 2,887.20
MALCOM CO 1,626.84
MANPOWER 1,446.00
MARIE HAYS 27.47
MARK TWAIN SUPPLY CO. 6,816.11
MARLIN REAGAN (employee) 30.00
MARTIN'S TRUE VALUE HARDWARE 1,038.21
MARVEL ENGINEERING COMPANY 209.16
MAZAK CORPORATION MIDWEST 763.10
MC MACHINERY SYSTEMS, INC. 304.00
MCMASTER-CARR SUPPLY COMPANY 1,330.64
MERKEL ROLL-OFF CONTAINER 345.00
MERRICK MACHINERY CO. 1,382.15
METAMAG INC. 9,500.00
MFA OIL CO. 2,618.00
MID-AMERICAN PROD. INC 15,495.00
MIDLAND INDUSTRIES, INC. 63,220.18
MIKE BICHSEL (employee) 435.39
MILWARD ALLOY'S INC. 1,534.00
MISSOURI DEPARTMENT OF REVENUE 58.50
MISUMI USA INC. 54.56
MITSUBISHI ELECTRIC AUTOMAT -
MONROE AUTO PARTS 507.47
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
- --------------------------------------- -------------------
MONROE CITY SHELTER WORK SHOP 19,849.46
MORI SEIKI CO, LTD 2,000.00
MOTION INDUSTRIES, INC 6,280.93
MOYERS SERVICE CENTER & 675.84
MSC INDUSTRIAL SUPPLY CO. 3,230.82
MUNROE MATERIAL HANDLING 134.74
MVI, INC. 156.57
NALCO COMPANY 1,501.95
NATIONAL KARD 165.20
NATIONAL X-RAY CORP 780.00
NEECE OFFICE EQUIPMENT 469.45
NEFF POWER INC. 1,232.71
NEWARK INONE 1,086.10
NORSK HYDRO CANADA INC 410,676.65
NSK STEERING SYSTEMS -
O.K. FASTENERS INC 38.90
ONEOK ENERGY MARKETING COMPANY 38,533.76
OVERHEAD DOOR CO. OF QUINCY 1,095.24
PALMYRA BOARD OF PUBLIC WORKS 56,694.34
PAPPAS STAINLESS & ALLOY, INC. 601.25
PARTHENIA GORDON 13.13
PATRICIA SPEGAL 106.45
PAUL GANDER 22.62
PAULO PRODUCTS CO. 1,922.58
Payroll (Includes Corp Disbursements) 1,949,444.40
PDC LABORATORIES, IN 45.00
PERRY MACHINE AND DIE INC. 52,862.59
PETE PARIS CHEVROLET, INC. 225.22
PHELPS ASSOCIATES, INC. 334.96
PIONEER INDUSTRIAL CORPORATION 2,343.81
PRECISION INTERNATIONAL CORP. 16.70
PRECISION TOOL COMPANY 2,059.11
PRODUCTIVE TOOL PRODUCTS, INC. 1,251.83
PROFORMA 756.36
PROGRESSIVE COMPONENTS 284.93
Provident Life 123.96
PRUDENTIAL INSURANCE 12,926.13
PSYCHEMEDICS CORPORATION 6,758.00
PURCHASE PARTNERS 4,590.00
QST, INC. 1,661.43
QTE MANUFACTURING SOLUTIONS 1,378.53
QWEST COMMUNICATIONS 729.25
R.L. HOENER COMPANY 15.09
R.L. WEISHEIMER & ASSOC. 932.21
RADCO INDUSTRIES 4,937.00
RADLEY CORPORATION 2,625.00
REMACOR, INC. 5,187.00
RES MANUFACTURING COMPANY 15,123.20
REX-BUCKEYE CO., INC. 570.00
RICHARD GREENE CO. 1,281.23
RIMROCK 5,626.32
ROBEY BUILDING SUPPLY, INC. 99.26
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
- --------------------------------------- -------------------
ROSLER METAL FINISHING 188.50
ROTO-FINISH CO 7,301.50
ROTOLITE OF ST.LOUIS INC 197.60
RTD OFFICE PRODUCTS 1,685.74
RUDOLPH BROS & CO 1,373.10
SAFETY-KLEEN SYSTEMS 4,270.31
SBC 1,586.04
SCOTT SPECIAL TOOLS, INC. 4,802.13
SCOTT WILLIAMS (employee) 320.07
SEMCO, INC. 3,878.39
SHARP BROS. INC 1,207.50
SHERMAN 3,255.00
SHERYL HAYS (employee) 65.00
SLOAN INDUSTRIES INC 10,208.00
SNELLING 10281 989.56
SOLUTIA INC 658.47
SOUTHWEST PUMPS & FILTERS, INC 923.22
SOUTHWESTERN BELL 118.07
SPAN de MEXICO 350.00
SPAN MANUFACTURING 2,910.00
SPARTAN LIGHT METAL 46,413.60
SRI Quality Regristrar 2,315.99
SPECTRA COMMUNICATIONS GROUP 344.87
SPECTRO ALLOYS CORP 250,695.15
SPECTRONICS 5,990.65
SPINCRAFT 1,041.36
SPRINT 5,659.69
SPRINTER MARKING INC. 44.26
ST. LOUIS BOILER SUPPLY 373.98
STAFFMARK 781.00
STERLING COMMERCE-NETWORK 403.13
STERLING, INC. 6,089.74
STEVE CHOU 13.50
SUNNEN PRODUCTS COMPANY 2,097.90
SUNSOURCE 338.89
SYMMCO, INCORPORATED 19,878.10
T.F. EHRHART COMPANY 8,930.00
TAYLOR CONTROLS, INC. 129.28
TAYLOR IND SERVICES HPM DIV. 640.80
TDC FILTER MANUFACTURING, INC. 443.60
TENNANT 343.35
THE LAKE GAZETTE 50.00
THE LEE CO. 743.00
THE ST. LOUIS DISTRIBUTION 2,470.50
TIC-MS, INC. 392.00
TIEMANN INDUSTRIAL SUPPLY 85.73
TIFFIN FOUNDRY & MACHINE, INC. 2,955.00
TIMKEN US CORPORATION 28,056.08
TOM CHRISTINE 114.05
TOM DEITZMAN (employee) 45.00
TOM WATSON (employee) 468.38
TOOLING ASSOCIATES 1,316.78
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
- --------------------------------------- -------------------
TOYOTA TSUSHO AMERICA INC 55,988.06
TRANSMAN 110,133.86
U.S. CELLULAR 1,189.04
U.S. DEPT. OF TRANSPORTATIO 300.00
U.S. MAGNESIUM, LLC 1,354,908.24
U.S. POSTAL SERVICE 1,500.00
UNISOURCE WORLDWIDE INC. 10,870.09
UNITED STATES PLASTIC CORP. 201.12
UNIVERSITY OF MO-COL 3,000.00
US FILTER/IONPURE, INC 3,460.00
VAC-U-MAX 8.89
VIATRAN CORPORATION 479.23
VICTORY PACKAGING 10,158.32
VONTHUN POWERWASHING 5,100.00
WALMART 300.00
WESBELL DEDICATED ASSEMBLY LTD 3,048.75
WESTHOFF 442.92
WIESE PLANNING & ENGINEERING 9,179.33
WILLIAM A KIBBE & ASSOCIATES 360.00
WILLIAMS EQUIPMENT & ELECTRIC 183.92
WINK'S LAWN SERVICE 3,120.00
WISE EL SANTO CO., INC. 1675.56
--------------
$ 6,787,402.72
DIVERSIFIED DIEMAKERS, INC.
CASE NO. 04-67612
AT 6/30/05
MONROE - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding AP Checks 51,511.35
Payroll Checks Outstanding 269,398.45
--------------
320,909.80
Unadjusted GL Balance 320,909.80
--------------
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
4/22/2005 400614 22.36
5/20/2005 401121 3,267.00
5/20/2005 401178 18.72
6/3/2005 401450 434.61
6/3/2005 401464 48.50
6/10/2005 401698 118.07
6/17/2005 401767 32.32
6/17/2005 401795 33.38
6/17/2005 401821 1,378.53
6/24/2005 401867 314.66
6/24/2005 401871 7.13
6/24/2005 401874 297.00
6/24/2005 401875 8,450.00
6/24/2005 401886 379.00
6/24/2005 401888 64.41
6/24/2005 401890 95.80
6/24/2005 401895 21.77
6/24/2005 401911 1,465.84
6/24/2005 401917 3,000.00
6/24/2005 401922 93.20
6/24/2005 401926 78.37
6/24/2005 401927 2,023.98
6/24/2005 401933 2,927.29
6/24/2005 401934 30.00
6/24/2005 401936 40.75
6/24/2005 401937 63.25
6/24/2005 401942 9,500.00
6/24/2005 401945 1,534.00
6/24/2005 401948 290.44
6/24/2005 401949 176.30
6/24/2005 401950 791.56
6/24/2005 401951 96.52
6/24/2005 401952 353.65
6/24/2005 401953 419.15
6/24/2005 401972 118.99
6/24/2005 401978 50.00
6/24/2005 401983 595.87
6/24/2005 401985 1,217.35
6/24/2005 401988 479.23
6/24/2005 401991 300.00
6/24/2005 401992 617.50
6/24/2005 401997 101.60
6/24/2005 401998 194.23
6/27/2005 401999 777.20
6/27/2005 402000 419.15
6/27/2005 402001 368.69
6/27/2005 402002 87.83
6/27/2005 402003 96.52
6/28/2005 402004 544.00
6/29/2005 402005 214.34
6/29/2005 402006 284.93
6/29/2005 402007 1,368.42
6/30/05 402008 2,110.32
6/30/05 402009 1,072.90
6/30/05 402010 763.10
$ 51,511.35
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JUNE 30, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: DIVERSIFIED DIEMAKERS, INC. Capacity: ___ Shareholder
Case Number: 04-67612 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $ 0
Dated: JULY 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 JUNE 30, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67600
) Chapter 11
) Judge: Marci B. McIvor
GANTON TECHNOLOGIES, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: JULY 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 6-30-05
($000's)
CASE #04-67600
GANTON
TECHNOLOGIES
-------------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 1,654 48,856
Cost of Goods Sold
Materials and Freight 309 12,566
Wages - Hourly 499 11,280
Wages-Salary 405 4,497
Employee Benefits and Pension 496 9,438
Repairs & Maintenance 175 1,177
Supplies 174 2,493
Utilities 127 2,999
Purchased Components/Services 275 5,932
Income(loss) from Pattern Sales 15 (123)
Fixed Asset - (gain/loss) - -
MIS Expense 10 81
Travel & Entertainment 18 146
Other Variable Costs 315 3,337
Depreciation & Amortization 220 2,269
Other Allocated Fixed Costs - -
Other Fixed Costs 107 1,792
------ -------
Cost of Goods Sold 3,145 57,884
Gross Profit (1,491) (9,028)
Plant SG&A Expense 21 197
SG&A Expense - Allocation (Sched 1) 168 1,476
Other Operating Expenses 387 10,599
------ -------
Total Operating Expenses 576 12,272
Operating Profit (2,067) (21,300)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (77) (872)
Charges (From) Affiliates - -
Charges To Affiliates - -
Gain/(Loss) On Sales Of Assets (40) (40)
Outside Dividend Income - -
Foreign Exchange Gain/(Loss) - -
Income/Loss From European Operations - -
Other Income/(Expense) - -
------ -------
Total Non-Operating Expenses (117) (912)
Income Before Income Taxes (2,184) (22,212)
Income Tax Expense 13 109
------ -------
Net Income (2,197) (22,321)
====== =======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs June
(Allocation of Corporate Costs to Filing Entities)
(000's)
June
------
Officer Compensation $ 189
Salary Expense other Employees 892
Employee Benefits and Pension 107
Payroll Taxes 53
Other Taxes 0
Rent and Lease Expense 212
Interest Expense
Insurance 63
Automobile and Truck Expense 11
Utilities(Gas Electric,Phone) 43
Depreciation 86
Travel and Entertainment 114
Repairs and Maintenance 98
Advertising/Promotion 10
Supplies, Office Expense 42
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 28
Public Reporting Fees 15
Employee Relocation/Training 17
Data Processing 27
Dues and Subscriptions 15
Outside Services 92
Project Development Costs net of Billings (32)
Director Fees 25
Miscellaneous 5
Legal Fees 10
Cost Allocation - Europe (78)
Cost Allocation - Out (254)
------
$2,143
======
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 490
------
Total $2,143
======
Intermet Corp and Subsidiaries
Balance Sheet as of 06-30-05
($000's)
CASE #04-67600
--------------
Ganton
Technologies
Cash And Equivalents $ 1
Accounts Receivable 4,397
Short-Term Intercompany Receivables 856
Inventories 4,504
Other Current Assets 644
--------
TOTAL CURRENT ASSETS 10,402
Land and Buildings 12,390
Machinery & Equipment 35,744
Construction In Progress 1,359
--------
Total Fixed Assets 49,493
Accumulated Depreciation (32,369)
--------
NET FIXED ASSETS 17,124
Investment In Subsidiaries -
Investment In European Operations -
Long-Term Intercompany Receivables 10,246
Deferred Taxes, Long-Term Asset -
Other Assets 26
--------
TOTAL ASSETS $ 37,798
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 1,259
Wages and Salaries (See schedule) 56
Taxes Payable - (See schedule) 366
--------
TOTAL POST PETITION LIABILITIES 1,681
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. 877
Accrued Payroll -
Accrued Payroll Taxes -
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 884
UNSECURED LIABILITIES
Accounts Payable 9,600
Senior & IDR Bonds -
--------
TOTAL UNSECURED LIABILITIES 9,600
OTHER LIABILITIES
Accrued Liabilities 1,904
Short-Term Intercompany Payables 145
Retirement Benefits 1,889
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities -
Long-Term Intercompany Payables 8,595
Minority Interest -
--------
TOTAL LIABILITIES 24,698
Common Stock -
Capital In Excess Of Par Value 160,000
Retained Earnings - Prepetition (124,579)
Retained Earnings - Post Petition (22,321)
Equity In European Operations
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
--------
TOTAL SHAREHOLDER EQUITY 13,100
--------
TOTAL LIABILITIES AND EQUITY $ 37,798
========
PERIOD ENDED: 06-30-05 GANTON TECHNOLOGIES (PULASKI) CASE #04-67600
--------------
SCHEDULE OF POST-PETITION TAX LIABILITY
---------------------------------------
Balance Balance
as of Accrued / Payments / as of
5/31/2005 Withheld Deposits 6/30/2005
----------------------------------------------------------------
Income tax withheld: Federal ($ 2,245) ($ 78,194) $ 74,823 ($ 5,616)
Income tax withheld: State 0 0 0 0
Income tax withheld: Local 0 0 0 0
FICA Withheld (1,883) (26,810) 23,983 (4,711)
Employers FICA (1,883) (26,810) 23,983 (4,711)
Unemployment Tax: Federal (197) (493) 197 (493)
Unemployment Tax: State (1,600) (4,003) 1,600 (4,003)
All Other Payroll W/H 0 0 0 0
State Taxes: Inc./Sales/Use/Excise (12,000) (6,000) 0 (18,000)
Property Taxes (36,331) (7,800) 0 (44,131)
Workers Compensation (24,091) 24,091 0 0
---------------------------------------------------------------
Total ($ 80,231) ($126,019) $124,585 ($ 81,665)
Wages and Salaries (72,917) (50,291) 72,917 (50,291)
---------------------------------------------------------------
Grand Total ($153,148) ($176,309) $197,502 ($131,956)
===============================================================
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 $ 697,773 $ 691,897 ($ 143) $ 6,019
Accounts Receivable $4,420,871 $ 3,455,484 $ 543,421 $ 421,966
PERIOD ENDED: 06/30/05 GANTON TECHNOLOGIES (RACINE) CASE #04-67600
--------------
SCHEDULE OF POST-PETITION TAX LIABILITY
---------------------------------------
Balance Balance
as of Accrued / Payments / as of
5/31/2005 Withheld Deposits 6/30/2005
----------------------------------------------------------------
Income tax withheld: Federal $ 0 ($ 71,624) $ 71,624 $ 0
Income tax withheld: State 0 (32,734) 32,734 0
Income tax withheld: Local 0 0 0 0
FICA Withheld 0 (44,032) 44,032 0
Employers FICA 0 0 0 0
Unemployment Tax: Federal 0 0 0 0
Unemployment Tax: State 0 0 0 0
All Other Payroll W/H 0 0 0 0
State Taxes: Inc./Sales/Use/Excise (7,215) (7,107) 0 (14,322)
Property Taxes (62,335) (12,501) 0 (74,836)
Workers Compensation (33,292) (203,226) 42,082 (194,436)
---------------------------------------------------------------
Total ($102,842) ($371,224) $190,472 ($283,594)
Wages and Salaries (46,223) (5,772) 46,128 (5,868)
---------------------------------------------------------------
Grand Total ($149,065) ($376,997) $236,600 ($289,462)
===============================================================
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 $ 561,330 $ 538,450 $ 22,880 $ 0
Accounts Receivable $ 666,436 $ 342,172 $ 305,167 $ 19,096
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 6/30/2005
MONTHLY CASH STATEMENT
CASH ACTIVITY ANALYSIS:
CASE # 04-67600
GANTON TECHNOLOGIES (PULASKI)
-------------------------------------------------------------
ACCOUNT TYPE LOCKBOX LOCKBOX 77165 AP PR
ACCOUNT # 5402699424 644113482 2770721799 2770721807
BANK Stan Fed Bank One Stan Fed Stan Fed
BEGINNING BANK BALANCE - - - -
RECEIPTS 533,680 3,187 - -
TRANSFERS IN (CORPORATE) - - 1,012,169 531,739
DIP INFLOW - - - -
DISBURSEMENTS - - (1,012,169) (531,739)
TRANSFERS OUT (CORPORATE) (533,680) (3,187) - -
DIP REPAYMENT - - - -
----------------------------------------------------------
ENDING BANK BALANCE - - - -
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 1,244,578
CHECKS ISSUED 970,992
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 642,859
CORPORATE DEBIT MEMOS 920
-----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 2,859,349
===========
OUTSTANDING CHECKS AS OF MAY 31 420,522
VOIDED CHECKS OUTSTANDING AS OF MAY 31 (33,450)
CHECKS ISSUED DURING JUNE 970,992
CHECK CLEARED DURING JUNE (1,012,169)
-----------
OUTSTANDING CHECKS AS OF JUNE 30 (SEE OUTSTANDING CHECKLIST) 345,894
===========
GANTON TECHNOLOGIES, INC. (PULASKI) CASE NO. 04-67600
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
- -------------------------- -------------------
AH ASSOCIATES $ 1,000.00
AIR DRAULICS ENGINEE 37,565.15
AIRGAS SOUTH (BOC GA 2,074.56
AL CAST COMPANY 76,137.00
ALCOA INC. 555.97
ALLEN WRIGHT 145.00
ALLIED VAN LINES, IN 18,668.61
ALUMINUM RESOURCES I 249,223.14
AMERICAN CHEMICAL 3,564.00
ANNE HEATHCOTE 5,386.29
AUTOMATIC DATA PROCE 3,846.16
AVAYA INC. 295.78
B & C INSTRUMENTS 300.00
BAILEY COMPANY 2,580.88
BANK OF FRANKEW 697.00
BEARING DISTRIBUTORS,INC. 1,729.11
BELLSOUTH 1,060.06
BG & R COMPANY 11,700.00
BI-LO / RED FOOD 166.38
BIRMINGHAM TOLEDO 291.90
BOSTON MUTUAL LIFE 1,396.50
BRENDA JEAN DAUGHTRY 200.92
BRINDLEY CONSTRUCTION 132,237.00
BROOKS AUTO 1,253.51
BROWN & SHARPE 156.66
BUHLER INC. 167.63
C KENNETH STILL 425.00
CARRIE SMITH 1,027.96
CASTOOL 12,399.00
CENTRAL CHILD SUPPORT 4,915.19
CENTRAL TRANSPORT 714.85
CENTRO 857.34
CHILES OIL INC. 485.44
CHRIS DOUTHIT 5,661.75
CHURCH AUTO PARTS CO 253.00
CINDY WATSON 139.01
CINTAS CORPORATION 4,669.96
DELL MARKING SYSTEMS 687.00
DIECO CORPORATION 345.00
DIE-TECH WIRE TOOL I 43,030.00
DIVERSIFIED PRINTING 502.68
DIXIE COMPRESSOR & P 6,198.60
EDM SYSTEMS 1,700.00
EDWARDS XPRESS INC. 11,102.25
ELLIOTT HY-TEST 163.82
EMPIRE CNC SERVICES 8,708.58
EXPEDITE SERVICES 613.80
FIRST NATIONAL 8,690.53
GENERAL SESSIONS CLERK 451.65
GENERAL SUPPLY CORP. 29,673.80
GIBSON BROTHERS AUTO PARTS 108.41
GLOBAL EXCHANGE SERV 108.57
GRAINGER 888.94
GRIFFCO QUALITY SOLUTIONS 1,105.80
HARCROS CHEMICALS, I 644.40
HENRY E. HILDEBRAND, III 2,518.00
HILDRETH MANUFACTURI 4,811.60
HOLLEY'S PRINTING 332.32
GANTON TECHNOLOGIES, INC. (PULASKI) CASE NO. 04-67600
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------------- -------------------
IMCO RECYCLING 281,779.04
INFORMATION HANDLING 763.77
INTERMET 383.11
J & K INDUSTRIAL SUP 2,948.87
J & L INDUSTRIAL SUPPLY 995.47
J&J/INGAS PROPANE 2,866.43
JACK WARREN 114.41
JAMIE PATTERSON 1,000.00
JEFFERSON PILOT FINA 532.64
JEFFERSON SMURFIT CO 1,582.00
JM FOREST PRODUCTS, 2,880.00
JOE TOWNSEND 750.00
JOHN C. ERNST CO INC 507.47
JOHN NELSON 1,000.00
JOHN-MICHAELS ENTERP 23,131.05
J'S SUPPLY 450.00
KELSEY ELECTRIC 559.62
KEYENCE CORP. OF AMERICA 2,054.35
KOLLSTEDT ELECTRIC, LLC 31,667.71
LAKESIDE MANUFACTURI 43,258.11
LEWIS ELECTRIC 1,115.75
LEWIS SUPPLY COMPANY INC 1,427.60
LEWISBURG RUBBER AND 3,204.18
LIN ROE 1,250.00
MAGID GLOVE/EQUITY I 216.76
MAGNA-TECH SE. 2,011.02
MARTIN SUPPLY CO., INC. 1,219.26
MCMASTER-CARR SUPPLY 1,481.37
MERWIN STOLTZ 5,894.92
METOKOTE 1,397.25
METOKOTE CORPORATION 10,346.17
MG ELECTRIC 494.38
MICHAEL GAINES 1,361.22
MICHIGAN MILL & ABRA 543.74
MIGUEL MEDINA 9,668.01
MIKE COLLINS 108.00
MIRSA 19,526.00
MOTION INDUSTRIES 944.72
NASHVILLE METAL PREP 652.20
NORANDA 98,505.69
NSK CORPORATION 2,255.00
NTC AMERICA CORP 683.04
OHIO SCREW PRODUCTS 18,777.75
PACKAGING FULFILLMEN 22,240.42
PAYROLL (INCLUDES CORP DISBURSEMENTS) 642,859.48
PEREZ SERVICES INC. 4,479.57
PERFECTION SPRING 1,144.00
PIONEER METAL FINISH 2,950.12
POSTMASTER 111.00
PRECISION MACHINERY 18,227.32
PRINCE MACHINE CORP 1,408.70
PRO MOLD & DIE 10,200.00
PROCLEAN SUPPLIES & 981.54
PROGRESSIVE COMPONENTS 1,749.40
PTI QUALITY CONTAINMENT 22,872.85
PULASKI ELECTRIC, WA 106,100.74
PULASKI LUMBER COMPA 56.56
PUTNAM INVESTMENTS 12,849.85
QUAD STEEL CORPORATION 11,860.00
RANDSTAD 47,439.86
GANTON TECHNOLOGIES, INC. (PULASKI) CASE NO. 04-67600
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
- -------------------------- -------------------
RICHLAND, LLC 4,755.93
RIMROCK 1,618.50
RIVERSBURG WELDING C 1,067.94
ROSEMONT INDUSTRIES 2,769.30
SAFETY-KLEEN SYSTEMS 648.79
SEI ENVIROMENTAL INC 735.00
SELECT FOODS INC. 114.98
SPARTAN WOOD PRODUCT 585.00
SPECTRO ALLOYS CORP 528,211.94
SPRINT 363.02
ST. JOE TOOL COMPANY 4,375.00
STEPHANIE WALTER 800.22
STEVE ROMICK 770.27
STUART C. IRBY COMPA 2,879.92
SWIFT INDUSTRIAL POW 4,700.46
TAMMY KAY BOWEN 471.86
TECHNICRAFT, INC. 1,105.00
TENN.VALLEY RECYCLING LLC 2,118.15
TRANSMAN 86,826.00
USON LP 293.75
VEKTEK, INC. 11,411.86
WATSON'S OFFICE SUPP 3,211.86
WI SCTF 1,841.65
WILLIAM H. DAY 1,500.00
--------------
$ 2,859,349.35
GANTON TECHNOLOGIES, INC.
CASE NO. 04-67600
AT 6/30/05
PULASKI - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 345,894.40
Total PR Outstanding Checks 98,882.80
----------
Total Outstanding Checks 444,777.20
Unadjusted GL Balance 444,777.20
----------
Difference $ -
==========
GANTON TECHNOLOGIES, INC.
CASE NO. 04-67600
PULASKI
OUSTANDING CHECKS
CASE NO. 04-67600
DATE CHECK OUTSTANDING
11/11/2004 12952 $ 770.00
5/12/2005 14533 3,635.75
5/13/2005 14586 97.50
5/18/2005 14624 64.62
5/26/2005 14678 410.31
6/9/2005 14833 114.41
6/9/2005 14846 995.47
6/10/2005 14857 442.16
6/10/2005 14862 1,022.80
6/22/2005 14895 694.96
6/22/2005 14896 2,103.59
6/22/2005 14897 255.00
6/22/2005 14898 6,450.00
6/22/2005 14899 1,396.50
6/22/2005 14900 98.84
6/22/2005 14901 1,387.40
6/22/2005 14904 100.46
6/22/2005 14905 9.28
6/22/2005 14906 9,670.00
6/22/2005 14907 2,304.65
6/22/2005 14910 90.33
6/22/2005 14912 2,173.18
6/22/2005 14914 3,735.25
6/22/2005 14916 532.64
6/22/2005 14917 463.44
6/22/2005 14919 954.87
6/22/2005 14921 613.80
6/22/2005 14922 2,255.00
6/22/2005 14923 200.00
6/22/2005 14924 75.14
6/22/2005 14927 735.00
6/22/2005 14928 340.00
6/22/2005 14933 490.00
6/29/2005 14935 18,655.50
6/29/2005 14936 435.80
6/29/2005 14937 121.00
6/29/2005 14938 121.59
6/29/2005 14939 1,006.07
6/29/2005 14940 3,642.75
6/29/2005 14941 100.46
6/29/2005 14942 2,118.15
6/29/2005 14943 6,198.60
6/29/2005 14944 1,761.47
6/29/2005 14945 358.12
6/29/2005 14946 1,101.83
6/29/2005 14947 644.40
6/29/2005 14948 1,200.00
6/29/2005 14949 21,156.53
6/29/2005 14950 90.33
6/29/2005 14951 11,893.91
6/29/2005 14952 4,047.28
6/29/2005 14953 1,743.78
6/29/2005 14954 221.42
6/29/2005 14955 6,823.25
6/29/2005 14956 363.02
6/29/2005 14957 137.50
6/29/2005 14958 856.74
6/29/2005 14959 1,841.65
6/29/2005 14960 1,625.31
6/29/2005 14961 944.72
6/29/2005 14962 6,259.25
6/29/2005 14963 400.00
6/29/2005 14964 56.56
6/29/2005 14965 960.00
6/29/2005 14966 8.43
6/29/2005 14967 4,155.20
6/29/2005 14968 161.45
6/29/2005 14969 558.00
6/30/2005 14971 502.68
6/30/2005 14972 1,414.41
6/30/2005 14973 985.14
6/30/2005 14974 7,377.90
6/30/2005 14975 3,564.00
6/30/2005 14976 192.83
6/30/2005 14977 1,253.51
6/30/2005 14978 167.63
6/30/2005 14979 108.00
6/30/2005 14980 4,000.00
6/30/2005 14981 8,708.58
6/30/2005 14982 811.11
6/30/2005 14983 888.94
6/30/2005 14984 1,336.80
6/30/2005 14985 181.87
6/30/2005 14986 1,680.00
6/30/2005 14987 507.47
6/30/2005 14988 19,568.51
6/30/2005 14989 2,914.79
6/30/2005 14990 261.66
6/30/2005 14991 563.16
6/30/2005 14992 5,673.50
6/30/2005 14993 1,397.25
6/30/2005 14994 6,678.25
6/30/2005 14995 494.38
6/30/2005 14996 517.04
6/30/2005 14997 23,131.05
6/30/2005 14998 1,186.25
6/30/2005 14999 138.81
6/30/2005 15000 36.08
6/30/2005 15001 2,679.17
6/30/2005 15002 526.20
6/30/2005 15003 7,100.36
6/30/2005 15004 2,580.00
6/30/2005 15005 1,956.52
6/30/2005 15006 5,280.44
6/30/2005 15007 1,749.40
6/30/2005 15008 73,780.33
6/30/2005 15009 4,747.50
6/30/2005 15010 1,175.00
6/30/2005 15011 216.76
6/30/2005 15012 1,408.70
$345,894.40
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 6/30/2005
MONTHLY CASH STATEMENT
CASE # 04-67600
GANTON TECHNOLOGIES (RACINE)
-----------------------------------------------------------------
ACCOUNT TYPE LOCKBOX AP PR (HOURLY) PR (SALARY) HEALTH CARE
ACCOUNT # 5402699432 2770721815 2770721823 2770721831 2770721849
BANK STAN FED STAN FED STAN FED STAN FED STAN FED
BEGINNING BANK BALANCE - - - - -
RECEIPTS 903,561 - - - 333
TRANSFERS IN (CORPORATE) - 323,824 343,742 241,687 4,353
DIP INFLOW - - - - -
DISBURSEMENTS - (323,824) (343,742) (241,687) (4,398)
TRANSFERS OUT (CORPORATE) (903,561) - - - (288)
DIP REPAYMENT - - - - -
--------- -------- -------- -------- ----------
ENDING BANK BALANCE - - - - -
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 12,412
CHECKS ISSUED 370,350
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 619,441
CORPORATE DEBIT MEMOS 42,169
----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $1,044,371
==========
OUTSTANDING CHECKS AS OF MAY 31 135,028
VOIDED CHECKS OUTSTANDING AS OF MAY 31 -
CHECKS ISSUED DURING JUNE 370,350
CHECK CLEARED DURING JUNE (323,824)
----------
OUTSTANDING CHECKS AS OF JUNE 30 (SEE OUTSTANDING CHECKLIST) 181,554
==========
GANTON TECHNOLOGIES, INC. (RACINE) CASE NO. 04-67600
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------- -------------------
ACCOUNTEMPS $ 7,403.20
ACE INSURANCE 42,081.64
ADT SECURITY SYSTEMS 969.72
ADVANCED WASTE SERVI 1,870.00
ALLAN COTTINGIM 319.00
AMERICAN INDUSTRIAL 1,393.86
APEX KEY & LOCK 1,316.96
APPLIED INDUSTRIAL T 7.56
AT&T 87.54
AUTOMATIC DATA PROCE 3,765.12
BATTERIES PLUS 10.46
CHARMILLES TECHNOLOG 1,008.03
CON-WAY NOW 366.45
CO-OPERATIVE CREDIT UNION 9,383.00
CURT PAPE 604.00
DIRECT DENTAL SERVICE 2,702.02
DIVERSIFIED PRINTING 167.00
EASTERDAY OFFICE 151.87
ELCO SINTERED A 295.47
ELCO TEXTRON INC 10.28
EXECUTIVE CONSULTING INC. 2,651.20
EYE CARE OF WISCONSIN INC 49.84
FIRESTONE TIRE & SERVICE 90.00
G.E. CAPITAL CORPORA 105,450.00
GLOBAL EXCHANGE SERV 49.38
GORDON FLESCH CO., I 2,875.21
GRAINGER 1,143.44
GREIF BROS CORP 505.00
GROUP ADMINISTRATORS LTD 25.00
HIGH RELIABILITY SYS 273.26
IMPREX, INC. 12,397.59
JEFFERSON PILOT FINANCIAL 557.15
JOHN P FREDERIC 7,450.00
KAUFMANN-WORTHEN 3,825.00
KAZTEX ENERGY MANAGE 8,119.77
KRISTIANSEN ENTERPRI 800.00
LIN ROE SERVICES INC 1,250.00
M & I TRUST 3,308.97
MAGNA-TECH/TECHNA SE 3,345.68
MARSHALL & ILSLEY TRUST 1,328.56
MARY JANE HANSEN 18.72
MIKE STEFANI 2,303.21
NASSCO INC. 6.19
OFSI 229.79
PACKERLAND RENT-A-MA 262.91
PARKER HANNIFIN 4,098.60
PAYROLL (INCLUDES CORP DISBURSEMENTS) 619,440.96
PENSKE TRUCK LEASING 5,465.88
PRAXAIR DISTRIBUTION 330.53
PUTNAM INVESTMENTS- 3,936.14
QSR GROUP INC. 156.00
RACINE WATER AND 142.65
ROCKFORD WELDING SUP 68.65
SAFETY KLEEN SYSTEMS 221.92
SBC 186.35
STATE MACHINE TOOL C 39,498.55
STEVE MUTCHIE 45.64
TECH DISPOSAL INC. 1,759.75
GANTON TECHNOLOGIES, INC. (RACINE) CASE NO. 04-67600
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------- -------------------
TERRI JARSTAD 36.69
TOTAL COMFORT OF WIS 474.00
TRANS-MAN LOGISTICS 8,312.94
TWIN CITY OPTICAL 19.95
U.S. CELLULAR 1,948.92
UAW LOCAL 627 1,247.18
ULINE 415.46
UNITED LEASING ASSOC 328.14
UNITED PARCEL SERVIC 64.00
UNITED SCALE & ENG. 676.85
VILLAGE OF STURTEVANT 71,080.00
VISION CLINIC 8.00
WASTE MANAGEMENT 923.24
WE ENERGIES 26,066.17
WI SCTF 657.00
WISCONSIN DEPARTMENT OF 1,289.53
WISCONSIN LIFT TRUCK 15,568.53
WOLTER INVESTMENT CO 5,579.32
WOODLAND HILLS 2,094.64
--------------
$ 1,044,371.23
GANTON TECHNOLOGIES, INC.
CASE NO. 04-67600
AT 6/30/05
RACINE - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 181,554.26
Unadjusted GL Balance 181,554.26
-----------
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
5/24/2005 42853 370.00
6/24/2005 43007 36.24
6/27/2005 43016 3,825.00
6/27/2005 43017 229.79
6/27/2005 43018 71,080.00
6/29/2005 43020 7.56
6/29/2005 43021 674.01
6/29/2005 43022 615.00
6/29/2005 43023 63,925.00
6/29/2005 43024 25.00
6/29/2005 43025 273.26
6/29/2005 43026 3,936.14
6/29/2005 43027 140.34
6/29/2005 43028 5,465.88
6/29/2005 43029 11,745.00
6/29/2005 43030 328.14
6/29/2005 43031 9,553.41
6/29/2005 43032 5,579.32
6/29/2005 43033 45.64
6/29/2005 43034 319.00
6/29/2005 43035 533.80
$ 181,554.26
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JUNE 30, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: GANTON TECHNOLOGIES, INC. Capacity: ___ Shareholder
Case Number: 04-67600 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED AT INTERMET
CORPORATION. PLEASE SEE INTERMET CORPORATION (CASE #04-67597) FOR ALL INSIDER
COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $0
Dated: JULY 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 JUNE 30, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67601
) Chapter 11
) Judge: Marci B. McIvor
INTERMET HOLDING COMPANY )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: JULY 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 6-30-05
($000's)
CASE # 04-67601
INTERMET
HOLDING CO.
----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales - -
Cost of Goods Sold
Materials and Freight - -
Wages - Hourly - -
Wages-Salary - -
Employee Benefits and Pension - -
Repairs & Maintenance - -
Supplies - -
Utilities - -
Purchased Components/Services - -
Income(loss) from Pattern Sales - -
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, $372,000 of Intercompany interest was
eliminated through foreign operations and therefore not included in this
statement.
Current Month Total Since Filing
($372) ($3,497)
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs June
(Allocation of Corporate Costs to Filing Entities)
(000's)
June
---------
Officer Compensation $ 189
Salary Expense other Employees 892
Employee Benefits and Pension 107
Payroll Taxes 53
Other Taxes 0
Rent and Lease Expense 212
Interest Expense
Insurance 63
Automobile and Truck Expense 11
Utilities(Gas Electric,Phone) 43
Depreciation 86
Travel and Entertainment 114
Repairs and Maintenance 98
Advertising/Promotion 10
Supplies, Office Expense 42
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 28
Public Reporting Fees 15
Employee Relocation/Training 17
Data Processing 27
Dues and Subscriptions 15
Outside Services 92
Project Development Costs net of Billings (32)
Director Fees 25
Miscellaneous 5
Legal Fees 10
Cost Allocation - Europe (78)
Cost Allocation - Out (254)
---------
$ 2,143
=========
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 490
---------
Total $ 2,143
=========
Intermet Corp. and Subsidiaries
Balance Sheet as of 06-30-05
($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 $ -
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 139,193
Minority Interest -
---------------
TOTAL LIABILITIES 139,193
Common Stock 1
Capital In Excess Of Par Value 1
Retained Earnings - Prepetition (18,705)
Retained Earnings - Post Petition (3,497)
Equity In European Operations
Accumulated Translation Adjustment (18,455)
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
---------------
TOTAL SHAREHOLDER EQUITY (40,655)
---------------
TOTAL LIABILITIES AND EQUITY $ 98,538
===============
Note: Intermet Holding Company is a holding company of certain foreign
subsidiaries and does not itself have any domestic operations. As a result,
Intermet Holding Company's results are incorporated in the results of Intermet
Corporation foreign subsidiaries.
PERIOD ENDED: 06-30-05 INTERMET HOLDING COMPANY CASE #04-67601
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
5/31/2005 Withheld Deposits 6/30/2005
---------- ---------- ---------- ----------
Income tax withheld: Federal $ 0 $ 0 $ 0 $ 0
Income tax withheld: State $ 0 $ 0 $ 0 $ 0
Income tax withheld: Local $ 0 $ 0 $ 0 $ 0
FICA Withheld $ 0 $ 0 $ 0 $ 0
Employers FICA $ 0 $ 0 $ 0 $ 0
Unemployment Tax: Federal $ 0 $ 0 $ 0 $ 0
Unemployment Tax: State $ 0 $ 0 $ 0 $ 0
All Other Payroll W/H $ 0 $ 0 $ 0 $ 0
$ 0 $ 0 $ 0 $ 0
State Taxes: Inc./Sales/Use/Excise $ 0 $ 0 $ 0 $ 0
Property Taxes $ 0 $ 0 $ 0 $ 0
$ 0
Workers Compensation 0 0 0 0
---------- ---------- ---------- ----------
Total $ 0 $ 0 $ 0 $ 0
Wages and Salaries 0 0 0 0
---------- ---------- ---------- ----------
Grand Total $ 0 $ 0 $ 0 $ 0
========== ========== ========== ==========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post 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: JUNE 30, 2005
INTERMET HOLDING COMPANY
Case Number: 04-67601
CASH ACTIVITY ANALYSIS (CASH BASIS ONLY):
General Payroll Tax Cash Coll. Petty Cash
Acct. Acct. Acct. Acct. Acct.
A. Beginning Balance _______ _______ _____ __________ __________
B. Receipts _______ _______ _____ __________ __________
(Attach separate schedule)
C. Balance Available _______ _______ _____ __________ __________
(A+B)
D. Less Disbursements _______ _______ _____ __________ __________
(Attach separate schedule)
E. Ending Balance N/A - COMPANY HAS NO BANK ACCOUNTS
(C-D)
(PLEASE ATTACH COPIES OF MOST RECENT RECONCILED BANK STATEMENTS FROM EACH
ACCOUNT)
General Account:
1. Depository Name & Location ____________________________
2. Account Number ____________________________
Payroll Account:
1. Depository Name & Location ____________________________
2. Account Number ____________________________
Tax Account:
1. Depository Name & Location ____________________________
2. Account Number ____________________________
Other monies on hand (specify type and location) i.e., CD's, bonds, etc.:
_______________________________________________________________________________
_______________________________________________________________________________
Date: JULY 20, 2005 ______________________________
Debtor in Possession
Form 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JUNE 30, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: INTERMET HOLDING COMPANY Capacity: ___ Shareholder
Case Number: 04-67601 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $ 0
Dated: JULY 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 JUNE 30, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67604
) Chapter 11
) Judge: Marci B. McIvor
INTERMET ILLINOIS, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: JULY 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 6-30-05
($000's)
CASE # 04-67604
INTERMET
ILLINOIS
----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales - -
Cost of Goods Sold
Materials and Freight - -
Wages - Hourly - -
Wages-Salary - -
Employee Benefits and Pension - -
Repairs & Maintenance - -
Supplies - -
Utilities - -
Purchased Components/Services - -
Income(loss) from Pattern Sales - -
Fixed Asset - (gain/loss) - -
MIS Expense - -
Travel & Entertainment - -
Other Variable Costs - -
Depreciation & Amortization - -
Other Allocated Fixed Costs - -
Other Fixed Costs - -
------------- ------------------
Cost of Goods Sold - -
Gross Profit - -
Plant SG&A Expense - -
SG&A Expense - Allocation (Sched 1) - -
Other Operating Expenses - -
------------- ------------------
Total Operating Expenses - -
Operating Profit - -
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) - -
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) - -
------------- ------------------
Total Non-Operating Expenses - -
Income Before Income Taxes - -
Income Tax Expense - -
-
------------- ------------------
Net Income - -
============= ==================
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs June
(Allocation of Corporate Costs to Filing Entities)
(000's)
June
---------
Officer Compensation $ 189
Salary Expense other Employees 892
Employee Benefits and Pension 107
Payroll Taxes 53
Other Taxes 0
Rent and Lease Expense 212
Interest Expense
Insurance 63
Automobile and Truck Expense 11
Utilities(Gas Electric,Phone) 43
Depreciation 86
Travel and Entertainment 114
Repairs and Maintenance 98
Advertising/Promotion 10
Supplies, Office Expense 42
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 28
Public Reporting Fees 15
Employee Relocation/Training 17
Data Processing 27
Dues and Subscriptions 15
Outside Services 92
Project Development Costs net of Billings (32)
Director Fees 25
Miscellaneous 5
Legal Fees 10
Cost Allocation - Europe (78)
Cost Allocation - Out (254)
---------
$ 2,143
=========
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 490
---------
Total $ 2,143
=========
Intermet Corp. and Subsidiaries
Balance Sheet as of 06-30-05
($000's)
CASE # 04-67604
----------------
INTERMET
ILLINOIS
----------------
Cash And Equivalents
Accounts Receivable
Short-Term Intercompany Receivables
Inventories
Other Current Assets -
----------------
TOTAL CURRENT ASSETS -
Land and Buildings -
Machinery & Equipment 163
Construction In Progress (163)
----------------
Total Fixed Assets -
Accumulated Depreciation -
----------------
NET FIXED ASSETS -
Investment In Subsidiaries -
Investment In European Operations -
Long-Term Intercompany Receivables -
Deferred Taxes, Long-Term Asset
Other Assets -
----------------
TOTAL ASSETS $ -
================
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable
Wages and Salaries (See schedule)
Taxes Payable - (See schedule)
----------------
TOTAL POST PETITION LIABILITIES -
SECURED LIABILITIES:
SECURED 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: 06-30-05 INTERMET ILLINOIS CASE #04-67604
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
5/31/2005 Withheld Deposits 6/30/2005
----------- ----------- ----------- -----------
Income tax withheld: Federal $ 0 $ 0 $ 0 $ 0
Income tax withheld: State $ 0 $ 0 $ 0 $ 0
Income tax withheld: Local $ 0 $ 0 $ 0 $ 0
FICA Withheld $ 0 $ 0 $ 0 $ 0
Employers FICA $ 0 $ 0 $ 0 $ 0
Unemployment Tax: Federal $ 0 $ 0 $ 0 $ 0
Unemployment Tax: State $ 0 $ 0 $ 0 $ 0
All Other Payroll W/H $ 0 $ 0 $ 0 $ 0
$ 0 $ 0 $ 0 $ 0
State Taxes: Inc./Sales/Use/Excise $ 0 $ 0 $ 0 $ 0
Property Taxes $ 0 $ 0 $ 0 $ 0
$ 0
Workers Compensation 0 0 0 0
----------- ----------- ----------- -----------
Total $ 0 $ 0 $ 0 $ 0
Wages and Salaries 0 0 0 0
----------- ----------- ----------- -----------
Grand Total $ 0 $ 0 $ 0 $ 0
=========== =========== =========== ===========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post 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: JUNE 30, 2005
INTERMET ILLINOIS, INC.
Case Number: 04-67604
CASH ACTIVITY ANALYSIS (CASH BASIS ONLY):
General Payroll Tax Cash Coll. Petty Cash
Acct. Acct. Acct. Acct. Acct.
A. Beginning Balance _______ _______ _____ __________ __________
B. Receipts _______ _______ _____ __________ __________
(Attach separate schedule)
C. Balance Available _______ _______ _____ __________ __________
(A+B)
D. Less Disbursements _______ _______ _____ __________ __________
(Attach separate schedule)
E. Ending Balance N/A - COMPANY HAS NO BANK ACCOUNT
(C-D)
(PLEASE ATTACH COPIES OF MOST RECENT RECONCILED BANK STATEMENTS FROM EACH
ACCOUNT)
General Account:
1. Depository Name & Location ____________________________
2. Account Number ____________________________
Payroll Account:
1. Depository Name & Location ____________________________
2. Account Number ____________________________
Tax Account:
1. Depository Name & Location ____________________________
2. Account Number ____________________________
Other monies on hand (specify type and location) i.e., CD's, bonds, etc.:
_______________________________________________________________________________
_______________________________________________________________________________
Date: JULY 20, 2005 ______________________________
Debtor in Possession
Form 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JUNE 30, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: INTERMET ILLINOIS, INC. Capacity: ___ Shareholder
Case Number: 04-67604 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $0
Dated: JULY 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 JUNE 30, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67607
) Chapter 11
) Judge: Marci B. McIvor
INTERMET INTERNATIONAL, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: JULY 20, 2005 /s/ Robert E. Belts
----------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- --------------
Title Phone
MONTHLY CASH STATEMENT
Period Ending: JUNE 30, 2005
INTERMET INTERNATIONAL,INC.
Case Number: 04-67607
CASH ACTIVITY ANALYSIS (CASH BASIS ONLY):
General Payroll Tax Cash Coll. Petty Cash
Acct. Acct. Acct. Acct. Acct.
------- ------- ----- ---------- ----------
A. Beginning Balance _____ _____ _____ _____ _____
B. Receipts _____ _____ _____ _____ _____
(Attach separate schedule)
C. Balance Available _____ _____ _____ _____ _____
(A+B)
D. Less Disbursements _____ _____ _____ _____ _____
(Attach separate schedule)
E. Ending Balance 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: JULY 20, 2005 ___________________________
Debtor in Possession
Form 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JUNE 30, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: INTERMET INTERNATIONAL, INC. Capacity: ___ Shareholder
Case Number: 04-67607 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $0
Dated: JULY 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 JUNE 30, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67598
) Chapter 11
) Judge: Marci B. McIvor
INTERMET U.S. HOLDING, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: JULY 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 6-30-05
($000's)
CASE #04-67598
INTERMET U.S.
HOLDING
-----------------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 4,843 52,643
Cost of Goods Sold
Materials and Freight 1,845 19,488
Wages - Hourly 661 7,247
Wages-Salary 322 3,291
Employee Benefits and Pension 415 3,890
Repairs & Maintenance 476 2,889
Supplies 233 3,154
Utilities 435 4,789
Purchased Components/Services 144 2,132
Income(loss) from Pattern Sales - 754
Fixed Asset - (gain/loss) (642) (81)
MIS Expense 33 438
Travel & Entertainment 8 38
Other Variable Costs (137) 1,495
Depreciation & Amortization 467 4,713
Other Allocated Fixed Costs - 1
Other Fixed Costs 215 1,685
----- ------
Cost of Goods Sold 4,475 55,923
Gross Profit 368 (3,280)
Plant SG&A Expense 2 5
SG&A Expense - Allocation (Sched 1) 261 2,284
Other Operating Expenses 5 514
----- ------
Total Operating Expenses 268 2,803
Operating Profit 100 (6,083)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (122) (996)
Charges (From) Affiliates - -
Charges To Affiliates - -
Gain/(Loss) On Sales Of Assets (751) (751)
Outside Dividend Income - -
Foreign Exchange Gain/(Loss) - -
Income/Loss From European Operations - -
Other Income/(Expense) 8 30
----- ------
Total Non-Operating Expenses (865) (1,717)
Income Before Income Taxes (765) (7,800)
Income Tax Expense - -
----- ------
Net Income (765) (7,800)
===== ======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs June
(Allocation of Corporate Costs to Filing Entities)
(000's)
June
------
Officer Compensation $ 189
Salary Expense other Employees 892
Employee Benefits and Pension 107
Payroll Taxes 53
Other Taxes 0
Rent and Lease Expense 212
Interest Expense
Insurance 63
Automobile and Truck Expense 11
Utilities(Gas Electric,Phone) 43
Depreciation 86
Travel and Entertainment 114
Repairs and Maintenance 98
Advertising/Promotion 10
Supplies, Office Expense 42
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 28
Public Reporting Fees 15
Employee Relocation/Training 17
Data Processing 27
Dues and Subscriptions 15
Outside Services 92
Project Development Costs net of Billings (32)
Director Fees 25
Miscellaneous 5
Legal Fees 10
Cost Allocation - Europe (78)
Cost Allocation - Out (254)
------
$2,143
======
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 490
-------
Total $ 2,143
=======
Intermet Corp and Subsidiaries
Balance Sheet as of 06-30-05
($000's)
CASE #04-67598
--------------
INTERMET U.S.
HOLDING
--------------
Cash And Equivalents $ -
Accounts Receivable 7,646
Short-Term Intercompany Receivables 37
Inventories 6,175
Other Current Assets 179
--------
TOTAL CURRENT ASSETS 14,037
Land and Buildings 29,819
Machinery & Equipment 59,891
Construction In Progress 345
--------
Total Fixed Assets 90,055
Accumulated Depreciation (49,704)
--------
NET FIXED ASSETS 40,351
Investment In Subsidiaries -
Investment In European Operations -
Long-Term Intercompany Receivables -
Deferred Taxes, Long-Term Asset -
Other Assets 1,237
--------
TOTAL ASSETS $ 55,625
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 369
Wages and Salaries (See schedule) 832
Taxes Payable - (See schedule) 601
--------
TOTAL POST PETITION LIABILITIES 1,802
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. 366
Accrued Payroll -
Accrued Payroll Taxes -
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 328
UNSECURED LIABILITIES
Accounts Payable 7,922
Senior & IDR Bonds -
--------
TOTAL UNSECURED LIABILITIES 7,922
OTHER LIABILITIES
Accrued Liabilities 1,754
Short-Term Intercompany Payables 4
Retirement Benefits -
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities -
Long-Term Intercompany Payables 21,529
Minority Interest -
--------
TOTAL LIABILITIES 33,339
Common Stock 5
Capital In Excess Of Par Value 54,495
Retained Earnings - Prepetition (24,414)
Retained Earnings - Post Petition (7,800)
Equity In European Operations -
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
--------
TOTAL SHAREHOLDER EQUITY 22,286
--------
TOTAL LIABILITIES AND EQUITY $ 55,625
========
PERIOD ENDED: 06-30-05 INTERMET U.S. HOLDING (COLUMBUS MACHINING) CASE #04-67598
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
5/31/05 Withheld Deposits 6/30/2005
--------- --------- -------- ---------
Income tax withheld: Federal $ 1,827 ($2,687) $ 2,687 $ 1,827
Income tax withheld: State (859) (1,085) 1,085 (859)
Income tax withheld: Local 0 0 0 0
FICA Withheld 6,188 (1,595) 1,595 6,188
Employers FICA (2,835) (1,595) 3,344 (1,086)
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 (1,000) (500) 0 (1,500)
Property Taxes (143,133) (17,415) 0 (160,548)
Workers Compensation 14,588 0 4,448 19,036
--------- -------- ------- ---------
Total ($139,341) ($24,877) $13,159 ($151,059)
Wages and Salaries 1,393 (14,973) 14,973 1,393
--------- -------- ------- ---------
Grand Total ($137,948) ($39,850) $28,132 ($149,666)
========= ======== ======= =========
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 $ 0 $ 0 $ 0 $ 0
Accounts Receivable $8,030 (149) $537 7,642
PERIOD ENDED: 06-30-05 INTERMET U.S. HOLDING CORP. (NEW RIVER) CASE #04-67598
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
5/31/2005 Withheld Deposits 6/30/2005
----------- --------- -------- -----------
Income tax withheld: Federal $ 0 ($ 109,390) $109,390 $ 0
Income tax withheld: State 0 (40,477) 40,477 0
Income tax withheld: Local 0 0 0 0
FICA Withheld 0 (68,332) 68,332 0
Employers FICA (15,776) (76,992) 68,332 (24,436)
Unemployment Tax: Federal (50,165) (2,223) (2,223) (54,611)
Unemployment Tax: State (30,891) (4,235) 0 (35,126)
All Other Payroll W/H (5,182) (40,861) 26,303 (19,740)
State Taxes: Inc./Sales/Use/Excise (15,000) (7,722) 7,722 (15,000)
Property Taxes (105,000) (30,000) 0 (135,000)
Workers Compensation (159,007) (15,471) 8,029 (166,448)
----------- ----------- -------- -----------
Total ($ 381,021) ($ 395,701) $326,362 ($ 450,361)
Wages and Salaries (731,724) (698,086) 596,807 (833,003)
----------- ----------- -------- -----------
Grand Total ($1,112,746) ($1,093,787) $923,169 ($1,283,364)
=========== =========== ======== ===========
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 $ 369,278 $ 369,278
Accounts Receivable $7,901,253 $5,288,258 $1,482,062 $1,130,933
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 6/30/2005
MONTHLY CASH STATEMENT
Case # 04-67598
INTERMET U.S. HOLDING (COLUMBUS MACHINING)
------------------------------------------
ACCOUNT TYPE DEPOSIT PR (SALARY)
ACCOUNT # 5401086409 2770716633
BANK Stan. Fed. Stan. Fed.
BEGINNING BANK BALANCE - -
RECEIPTS 79,915 -
TRANSFERS IN (CORPORATE) - 21,977
DIP INFLOW - -
DISBURSEMENTS - (21,977)
TRANSFERS OUT (CORPORATE) (79,915) -
DIP REPAYMENT - -
------- --------
ENDING BANK BALANCE - -
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 1,400
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 22,571
CORPORATE DEBIT MEMOS 4,699
--------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 28,670
========
NOTE: Columbus Machining's disbursements are paid and allocated by Corporate.
INTERMET U.S. HOLDING, INC. (COLUMBUS MACHINING) CASE NO. 04-67598
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
A CUT ABOVE LANDSCAPE MANAGEMENT $ 1,500.00
ACE INSURANCE 85.32
COLUMBUS WATER WORKS 54.23
GEORGIA CHILD SUPPORT 103.70
ITC DELTACOM 2,223.89
ITC DELTACOM (2,070.49)
PAYROLL (INCLUDES CORP DISBURSEMENTS) 22,570.80
RIVER MILL 193.20
SOUTHERN STATES 1,605.00
SPHERION CORPORATION 294.35
TRANSMAN 1,400.00
VERIZON WIRELESS 152.45
WASTE MANAGEMENT 557.67
-----------
$ 28,670.12
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 6/30/2005
MONTHLY CASH STATEMENT
CASE # 04-67598
INTERMET U.S. HOLDING (NEW RIVER)
---------------------------------
ACCOUNT TYPE LOCKBOX 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 - 4,549,849 - - -
TRANSFERS IN (CORPORATE) - - 1,864,152 698,875 300,714
DIP INFLOW - - - - -
DISBURSEMENTS - - (1,864,152) (698,875) (300,714)
TRANSFERS OUT (CORPORATE) - (4,549,849) - - -
DIP REPAYMENT - - - - -
---- ---------- ----------- -------- --------
ENDING BANK BALANCE - - - - -
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 1,691,749
CHECKS ISSUED 1,624,797
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 975,137
CORPORATE DEBIT MEMOS 18,668
-----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS
RECONCILIATION) $ 4,310,351
===========
OUTSTANDING CHECKS AS OF MAY 31 359,430
VOIDED CHECKS OUTSTANDING AS OF MAY 31 -
CHECKS ISSUED DURING JUNE 1,624,797
CHECK CLEARED DURING JUNE (1,864,152)
-----------
OUTSTANDING CHECKS AS OF JUNE 30 (SEE OUTSTANDING
CHECKLIST) $ 120,075
===========
INTERMET U.S. HOLDING, INC. (NEW RIVER) CASE NO. 04-67598
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
ACE INSURANCE $ 8,029.48
ADVANCED CARBIDE TOOL 959.95
ADVANCED MOTOR SERVICES 2,907.95
AEGIS ENVIRONMENTAL INC 4,548.76
AETNA US HEALTH CARE 4,345.02
AIR PRODUCTS & CHEMICAL 4,981.91
AIRGAS INC 886.31
AMERICAN GENERAL FINANCE 656.09
ARAMARK UNIFORM SERVICE 623.30
ARBON EQUIPMENT CORP. 6,295.00
ARCET 1,393.34
ASCOM HASLER MAILING SY 126.00
AT&T 2,257.30
ATLANTIC COAST TOYOTALIFT 16,516.73
ATMOS ENERGY 2,519.29
ATMOS ENERGY MARKETING 46,856.04
AUTOWEB 285.71
B & S INDUSTRIAL SERVIC 1,400.00
BARKER JENNINGS CORP. 37.08
BEST ONE TIRE 3,577.00
BLACKSBURG HIGH SCHOOL 260.00
BOB'S REFUSE SERVICE IN 794.46
BROWN & SHARPE 175.86
CANON FINANCIAL 534.34
CARTER MACHINERY 11,422.50
CC METALS AND ALLOYS IN 44,318.25
CENTRAL VALLEY RUBBER S 17,412.22
CENTURY CONTROL SYSTEM 571.58
CHAMPION CHISEL WORKS, 2,240.40
CHICAGO FREIGHT CAR LEA 5,489.07
CIM ASSOCIATES 1,280.00
CITICORP VENDOR FINANCE 444.00
CITY OF RADFORD 7,691.40
CITY OF RADFORD 382,691.41
CITY OF RADFORD 88.07
COUNTY OF MONTGOMERY 264.78
CRANE AMERICA SERVICES 440.25
DESIGNED TELECOMMUNICATIONS,IN 150.00
DISA GOFF, INC 2,200.00
DISA INDUSTRIES, INC 22,639.00
DONNIE'S GARAGE 45.00
EIRICH MACHINES 7.47
ELKEM METALS INC. 21,870.40
EMI EQUIPMENT MERCHANTS 3,412.90
ENTERPRISE 639.91
ENVIRITE OF OHIO 1,877.87
FAIRLAWN STORAGE 112.00
FETTER FINISHING 44,976.00
FINK, MARK 607.70
FIRE EQUIPMENT CO.INC. 294.00
FOSECO INC. 2,196.40
FRENCH, LYDIA 319.75
GERALD W. DUNCAN, TREASURER 81.16
GREAT LAKES PRODUCTION SUPPORT 4,001.50
H.C. WADE 14,125.40
HA INTERNATIONAL, LLC 96,011.04
HAMLEY, JEFF 31.50
HARRIS RENTALS 65.00
HART METALS, INC. 37,400.00
HEAT TREATING SERVICES 46,686.01
HEATH OIL LLC 6,468.13
INTERMET U.S. HOLDING, INC. (NEW RIVER) CASE NO. 04-67598
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
HENLEY TOOL CORP. 3,420.00
HERAEUS ELECTRO NITE CO 1,900.00
HIGHLAND PAGING 348.53
HILL AND GRIFFITH CO. 98,673.95
HUB CORPORATION 8,930.00
INDUSTRIAL MOTION CONTROL,LLC 5,500.00
INDUSTRIAL POWDER COATI 475.00
INDUSTRIAL SCIENTIFIC CORP 1,391.30
INDUSTRIAL SUPPLY CORP 226,448.74
INFORMATION HANDLING 763.77
JONES,WILLARD 700.00
KUNCE, JUSTIN 2,097.85
KWIK KAFE CO 94.13
L. H. CORP 1,845.00
LABORATORY CORP OF AMER 231.50
LANDAUER 167.20
LAYTON, TOMMY 79.88
LECTROTHERM 12,715.00
LINA. 74.00
LLOYD ELECTRIC CO.INC. 11,820.17
MARJO PLASTICS CO INC 1,364.86
MARSHALL WIRT & COMPANY 882.00
MASTER GAGE & TOOL CO. 1,019.34
MCC 1,181.75
MCCOMBS, BRENT 1,133.39
MCELROY,JOHN C 671.21
MCKENDREE & CO.INC 487.20
METEC INC 13,500.00
MICRO TEK PATTERN,INC. 25,399.75
MILLER AND COMPANY LLC 108,659.85
MITCHELL, KEVIN L. 1,102.44
MOODY,DWAYNE 578.81
MOUNTAIN SPRINGS 210.00
MT SYSTEMS 89,831.46
MYOPTICS EYEWEAR 379.00
NATIONAL MATERIAL TRADING 162,908.97
NEW RIVER SOLID WASTE M 55,458.30
NORFOLK SOUTHERN (GA) 111,000.00
NORTHBEND PATTERN WORKS 130,841.20
OMNISOURCE CORPORATION 998,802.86
OMNISOURCE FT 35,000.00
PATTERN SERVICES 475.75
PATTERN TECHNOLOGIES 84,900.00
PAYROLL (INCLUDES CORP DISBURSEMENTS) 975136.53
PIEDMONT FOUNDRY SUPPLY 540.00
PORTER WARNER INDUSTRIE 1,283.00
POWERS FENCE CO. 3,700.00
POWERWAY 1,000.00
PROCHEM ANALYTICAL INCO 1,165.00
PROFORMA 1,971.25
PROVIDENT LIFE 81.46
PROVIDENT LIFE 2,194.19
RADFORD CITY FLORIST 112.25
RADFORD STORAGE 320.00
RADIATION SERVICE ORGANIZATION 145.94
REBECCA CONNELLY 1,500.00
REDDY ICE-CASSCO 528.00
RENTAL SERVICE CORP (RS 1,213.32
RITENOUR, GINNY 112.93
ROANOKE TIMES&WORLD NEWS 324.91
ROBOTIC ACCESSORIES DIVISION 15.00
SAFETY & COMPLIANCE 2,200.00
SAFETY-KLEEN CORP. 213.65
INTERMET U.S. HOLDING, INC. (NEW RIVER) CASE NO. 04-67598
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
SAF-GARD SAFETY SHOE CO 274.97
SANDMOLD SYSTEMS INC 6.63
SATEC SYSTEMS 3,514.00
SAVEITNOW 1,268.42
SECURITY FORCES INC 8,800.33
SECURITY SCALE SERVICE 13,757.66
SHANKMAN BYRON R 1,426.27
T&N ELECTRIC MOTOR EXCHANGE IN 360.00
THE RECTOR & VISITORS OF UVA 2,388.56
THOMPSON CHRYSLER-PLYMO 251.22
TJ'S TRUCK & AUTO SERVI 2,961.44
TOMLIN, LINDA 396.44
TRANSMAN (FREIGHT) 54,116.00
TWO WAY RADIO INC 90.00
U.S.DEPT.OF TRANSPORTATION 600.00
UNITED INDUSTRIAL SERVI 33,296.73
UNITED REFRACTORIES COM 21,644.00
UNITED STATES POSTAL OFFICE 800.00
UNITED WAY SAL 180.00
VA. DEPT OF TAXATION 7,525.22
VALLEY LANDSCAPING 585.00
VERIZON (17577) 317.13
VERIZON WIRELESS 71.99
VICTORIA SOWERS 620.00
W. MATTHEW SKEWES, MD 880.00
W.E.L. INC. 9,013.32
WEDRON SILICA-FAIRMOUNT 16,870.00
WHEELABRATOR ABRASIVES 35,310.00
WILLIAM A. KIBBE & ASSO 690.00
WISE AIR, INC. 3,575.00
-------------
$4,310,350.91
INTERMET U.S. HOLDING, INC.
CASE NO. 04-67598
AT 6/30/05
NEW RIVER - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 120,074.73
Unadjusted GL Balance 120,074.73
-----------
Difference $ -
===========
NEW RIVER
OUTSTANDING CHECKS
CASE NO. 04-67598
DATE CHECK OUTSTANDING
4/1/2005 105251 $ 20.00
5/20/2005 105773 354.46
6/3/2005 105911 656.09
6/3/2005 105916 571.58
6/10/2005 105982 65.00
6/17/2005 106061 5,500.00
6/24/2005 106114 6,295.00
6/24/2005 106131 88.37
6/24/2005 106141 192.50
6/24/2005 106144 45.00
6/24/2005 106151 1,213.32
6/24/2005 106152 112.93
6/24/2005 106156 310.00
6/24/2005 106157 2,388.56
6/24/2005 106158 2,961.44
6/24/2005 106160 9,469.02
6/24/2005 106180 89,831.46
$120,074.73
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JUNE 30, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: INTERMET U.S. HOLDING, INC. Capacity: ___ Shareholder
Case Number: 04-67598 ___ 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: JULY 20, 2005 _________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Form 6
Intermet U.S. Holding, Inc.
Case Number: 04-67598
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 JUNE 30, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67603
) Chapter 11
) Judge: Marci B. McIvor
IRONTON IRON, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting
of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: JULY 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 6-30-05
($000's)
CASE #04-67603
IRONTON
IRON
------------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales - -
Cost of Goods Sold
Materials and Freight - -
Wages - Hourly - -
Wages-Salary - -
Employee Benefits and Pension - -
Repairs & Maintenance - -
Supplies - -
Utilities - -
Purchased Components/Services - -
Income(loss) from Pattern Sales - -
Fixed Asset - (gain/loss) - -
MIS Expense - -
Travel & Entertainment - -
Other Variable Costs - (37)
Depreciation & Amortization - -
Other Allocated Fixed Costs - -
Other Fixed Costs - -
------------- ---------------
Cost of Goods Sold - (37)
Gross Profit - 37
Plant SG&A Expense - (3)
SG&A Expense - Allocation (Sched 1) - -
Other Operating Expenses 8 373
------------- ---------------
Total Operating Expenses 8 370
Operating Profit (8) (333)
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 (8) (333)
Income Tax Expense - -
------------- ---------------
Net Income (8) (333)
============= ===============
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs June
(Allocation of Corporate Costs to Filing Entities)
(000's)
June
------------
Officer Compensation $ 189
Salary Expense other Employees 892
Employee Benefits and Pension 107
Payroll Taxes 53
Other Taxes 0
Rent and Lease Expense 212
Interest Expense
Insurance 63
Automobile and Truck Expense 11
Utilities(Gas Electric,Phone) 43
Depreciation 86
Travel and Entertainment 114
Repairs and Maintenance 98
Advertising/Promotion 10
Supplies, Office Expense 42
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 28
Public Reporting Fees 15
Employee Relocation/Training 17
Data Processing 27
Dues and Subscriptions 15
Outside Services 92
Project Development Costs net of Billings (32)
Director Fees 25
Miscellaneous 5
Legal Fees 10
Cost Allocation - Europe (78)
Cost Allocation - Out (254)
-----------
$ 2,143
===========
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 490
-----------
Total $ 2,143
===========
Intermet Corp and Subsidiaries
Balance Sheet as of 06-30-05
($000's)
CASE #04-67603
--------------
IRONTON
IRON
--------------
Cash And Equivalents
Accounts Receivable
Short-Term Intercompany Receivables
Inventories
Other Current Assets -
--------------
TOTAL CURRENT ASSETS -
Land and Buildings -
Machinery & Equipment
Construction In Progress
--------------
Total Fixed Assets -
Accumulated Depreciation
--------------
NET FIXED ASSETS -
Investment In Subsidiaries
Investment In European Operations -
Long-Term Intercompany Receivables
Deferred Taxes, Long-Term Asset
Other Assets
--------------
TOTAL ASSETS $ -
==============
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ -
Wages and Salaries (See schedule) -
Taxes Payable - (See schedule) -
--------------
TOTAL POST PETITION LIABILITIES -
SECURED LIABILITIES:
SECURED 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 33,267
Minority Interest -
--------------
TOTAL LIABILITIES 34,018
Common Stock -
Capital In Excess Of Par Value 49,000
Retained Earnings - Prepetition (82,685)
Retained Earnings - Post Petition (333)
Equity In European Operations
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
--------------
TOTAL SHAREHOLDER EQUITY (34,018)
--------------
TOTAL LIABILITIES AND EQUITY $ -
==============
PERIOD ENDED: 06-30-05 IRONTON IRON, INC. CASE #04-67603
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
5/31/2005 Withheld Deposits 6/30/2005
--------- --------- ---------- ---------
Income tax withheld: Federal $ 0 $ 0 $ 0 $ 0
Income tax withheld: State $ 0 $ 0 $ 0 $ 0
Income tax withheld: Local $ 0 $ 0 $ 0 $ 0
FICA Withheld $ 0 $ 0 $ 0 $ 0
Employers FICA $ 0 $ 0 $ 0 $ 0
Unemployment Tax: Federal $ 0 $ 0 $ 0 $ 0
Unemployment Tax: State $ 0 $ 0 $ 0 $ 0
All Other Payroll W/H $ 0 $ 0 $ 0 $ 0
$ 0 $ 0 $ 0 $ 0
State Taxes: Inc./Sales/Use/Excise $ 0 $ 0 $ 0 $ 0
Property Taxes $ 0 $ 0 $ 0 $ 0
$ 0
Workers Compensation 0 0 0 0
--------- --------- --------- ---------
Total $ 0 $ 0 $ 0 $ 0
Wages and Salaries 0 0 0 0
--------- --------- --------- ---------
Grand Total $ 0 $ 0 $ 0 $ 0
========= ========= ========= =========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post 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: JUNE 30, 2005
IRONTON IRON, INC.
Case Number: 04-67603
CASH ACTIVITY ANALYSIS (CASH BASIS ONLY):
General Payroll Tax Cash Coll. Petty Cash
Acct. Acct. Acct. Acct. Acct.
A. Beginning Balance _____ _____ _____ _____ _____
B. Receipts _____ _____ _____ _____ _____
(Attach separate schedule)
C. Balance Available _____ _____ _____ _____ _____
(A+B)
D. Less Disbursements _____ _____ _____ _____ _____
(Attach separate schedule)
E. Ending Balance N/A - COMPANY HAS NO BANK ACCOUNT
(C-D)
(PLEASE ATTACH COPIES OF MOST RECENT RECONCILED BANK STATEMENTS FROM EACH
ACCOUNT)
General Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Payroll Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Tax Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Other monies on hand (specify type and location) i.e., CD's, bonds, etc.:
_________________________________________________________________________
_________________________________________________________________________
Date: JULY 20, 2005 ________________________
Debtor in Possession
Form 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JUNE 30, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: IRONTON IRON, INC. Capacity: ___ Shareholder
Case Number: 04-67603 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $ 0
Dated: JULY 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 JUNE 30, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67606
) Chapter 11
) Judge: Marci B. McIvor
LYNCHBURG FOUNDRY, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting
of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: JULY 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 6-30-05
($000's)
CASE #04-67606
LYNCHBURG
FOUNDRY
-----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 9,422 73,400
Cost of Goods Sold
Materials and Freight 3,883 32,842
Wages - Hourly 1,575 11,355
Wages-Salary 334 2,959
Employee Benefits and Pension 788 7,811
Repairs & Maintenance 526 4,066
Supplies 688 5,291
Utilities 274 2,762
Purchased Components/Services 281 2,147
Income(loss) from Pattern Sales (7) (58)
Fixed Asset - (gain/loss) - (42)
MIS Expense 41 341
Travel & Entertainment 2 12
Other Variable Costs 304 3,609
Depreciation & Amortization 222 1,957
Other Allocated Fixed Costs - (2)
Other Fixed Costs 121 1,110
----- ------
Cost of Goods Sold 9,032 76,160
Gross Profit 390 (2,760)
Plant SG&A Expense (1) -
SG&A Expense - Allocation (Sched 1) 193 1,695
Other Operating Expenses - 270
----- ------
Total Operating Expenses 192 1,965
Operating Profit 198 (4,725)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (128) (654)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) 2 11
----- ------
Total Non-Operating Expenses (126) (643)
Income Before Income Taxes 72 (5,368)
Income Tax Expense - -
----- ------
Net Income 72 (5,368)
===== ======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs June
(Allocation of Corporate Costs to Filing Entities)
(000's)
June
----------
Officer Compensation $ 189
Salary Expense other Employees 892
Employee Benefits and Pension 107
Payroll Taxes 53
Other Taxes 0
Rent and Lease Expense 212
Interest Expense
Insurance 63
Automobile and Truck Expense 11
Utilities(Gas Electric,Phone) 43
Depreciation 86
Travel and Entertainment 114
Repairs and Maintenance 98
Advertising/Promotion 10
Supplies, Office Expense 42
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 28
Public Reporting Fees 15
Employee Relocation/Training 17
Data Processing 27
Dues and Subscriptions 15
Outside Services 92
Project Development Costs net of Billings (32)
Director Fees 25
Miscellaneous 5
Legal Fees 10
Cost Allocation - Europe (78)
Cost Allocation - Out (254)
----------
$ 2,143
==========
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 490
----------
Total $ 2,143
==========
Intermet Corp and Subsidiaries
Balance Sheet as of 06-30-05
($000's)
CASE #04-67606
--------------
LYNCHBURG
FOUNDRY
--------------
Cash And Equivalents $ -
Accounts Receivable 15,163
Short-Term Intercompany Receivables 5
Inventories 4,697
Other Current Assets 322
--------------
TOTAL CURRENT ASSETS 20,187
Land and Buildings 19,915
Machinery & Equipment 53,800
Construction In Progress 204
--------------
Total Fixed Assets 73,919
Accumulated Depreciation (59,822)
--------------
NET FIXED ASSETS 14,097
Investment In Subsidiaries -
Investment In European Operations -
Long-Term Intercompany Receivables 743
Deferred Taxes, Long-Term Asset -
Other Assets 422
--------------
TOTAL ASSETS $ 35,449
==============
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 1,330
Wages and Salaries (See schedule) 292
Taxes Payable - (See schedule) 278
--------------
TOTAL POST PETITION LIABILITIES 1,900
SECURED LIABILITIES:
SECURED DEBT -
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes -
Accrued Tax - State -
Accrued Property Taxes -
Accrued Workers Comp. 2,045
Accrued Payroll -
Accrued Payroll Taxes -
--------------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 2,045
UNSECURED LIABILITIES
Accounts Payable 7,608
Senior & IDR Bonds -
--------------
TOTAL UNSECURED LIABILITIES 7,608
OTHER LIABILITIES
Accrued Liabilities 2,045
Short-Term Intercompany Payables 188
Retirement Benefits 1,252
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities 2,291
Long-Term Intercompany Payables 5,077
Minority Interest -
--------------
TOTAL LIABILITIES 22,406
Common Stock -
Capital In Excess Of Par Value -
Retained Earnings - Prepetition 18,411
Retained Earnings - Post Petition (5,368)
Equity In European Operations -
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
--------------
TOTAL SHAREHOLDER EQUITY 13,043
--------------
TOTAL LIABILITIES AND EQUITY $ 35,449
==============
PERIOD ENDED: 6-30-05 LYNCHBURG FOUNDRY (ARCHER CREEK) CASE #04-67606
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments/ as of
05/31/05 Withheld Deposits 06/30/05
------------ ------------ ------------ ------------
Income tax withheld: Federal $ 0 ($ 322,104) $ 322,104 $ 0
Income tax withheld: State 0 (121,727) 121,727 0
Income tax withheld: Local 0 0 0 0
FICA Withheld 0 (198,874) 198,874 0
Employers FICA (31,356) (183,335) 198,874 (15,817)
Unemployment Tax: Federal (3,210) (395) 0 (3,605)
Unemployment Tax: State (11,319) (3,718) 0 (15,037)
All Other Payroll W/H (5,381) (105,368) 74,855 (35,893)
State Taxes: Inc./Sales/Use/Excise (52,447) 0 880 (51,567)
Property Taxes (121,544) (25,262) 0 (146,806)
Workers Compensation 11,401 (31,750) 57,818 37,469
------------ ------------ ------------ ------------
Total ($ 213,857) ($ 992,533) $ 975,132 ($ 231,257)
Wages and Salaries (428,789) (2,014,238) 2,150,797 (292,230)
------------ ------------ ------------ ------------
Grand Total ($ 642,646) ($ 3,006,771) $ 3,125,930 ($ 523,488)
============ ============ ============ ============
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 $ 1,330,495 $ 1,330,495 $ 0 $ 0
Accounts Receivable $ 15,550,470 $ 8,429,128 $ 6,807,715 $ 313,627
PERIOD ENDED: 06-30-05 LYNCHBURG FOUNDRY (RADFORD) CASE #04-67606
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments/ as of
5/31/2005 Withheld Deposits 6/30/2005
------------ ------------ ------------ ------------
Income tax withheld: Federal $ 0 ($ 1,165) $ 1,165 $ 0
Income tax withheld: State 0 (514) 514 0
Income tax withheld: Local 0 0 0 0
FICA Withheld 0 (822) 822 0
Employers FICA 0 (822) 822 0
Unemployment Tax: Federal 0 0 0 0
Unemployment Tax: State 0 0 0 0
All Other Payroll W/H 0 (295) 295 0
State Taxes: Inc./Sales/Use/Excise 0 0 0 0
Property Taxes (36,578) (10,000) 0 (46,578)
Workers Compensation 0 0 0 0
------------ ------------ ------------ ------------
Total ($ 36,578) ($ 13,619) $ 3,619 ($ 46,578)
Wages and Salaries 0 0 0 0
------------ ------------ ------------ ------------
Grand Total ($ 36,578) ($ 13,619) $ 3,619 ($ 46,578)
============ ============ ============ ============
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
Accounts Receivable - Pre & Post $ 0 $ 0 -
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS: MONTHLY CASH STATEMENT
MONTH ENDED 6/30/2005
CASE # 04-67606
LYNCHBURG FOUNDRIES - ARCHER CREEK
----------------------------------------------------------------
ACCOUNT TYPE LOCKBOX 77314 DEPOSIT AP PR (HOURLY) PR (SALARY)
ACCOUNT # 1599413 5401086466 2770716393 2770716385 2770716690
BANK Bank One Stan. Fed. Stan. Fed. Stan. Fed. Stan. Fed.
BEGINNING BANK BALANCE - - - - -
RECEIPTS - 1,729,987 - - -
TRANSFERS IN (CORPORATE) - - 1,947,247 2,150,698 305,305
DIP INFLOW - - - - -
DISBURSEMENTS - - (1,947,247) (2,150,698) (305,305)
TRANSFERS OUT (CORPORATE) - (1,729,987) - - -
DIP REPAYMENT - - - - -
--- ---------- ----------- ----------- -----------
ENDING BANK BALANCE - - - - -
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 4,262,681
CHECKS ISSUED 1,884,967
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 2,823,454
CORPORATE DEBIT MEMOS 11,572
-----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 8,982,674
===========
OUTSTANDING CHECKS AS OF MAY 31 295,565
VOIDED CHECKS OUTSTANDING AS OF MAY 31 (29,045)
CHECKS ISSUED DURING JUNE 1,884,967
CHECK CLEARED DURING JUNE (1,947,247)
-----------
OUTSTANDING CHECKS AS OF JUNE 30 (SEE OUTSTANDING CHECKLIST) $ 204,239
===========
LYNCHBURG FOUNDRY, INC. (ARCHER CREEK) CASE NO. 04-67606
CASH DISBURSEMENTS
June 2005
VENDOR TOTAL DISBURSEMENTS
- -------------------------------------- -------------------
AC CONTROLS CO $ 1,544.26
ACE INSURANCE 7,906.66
ACTION MACHINERY 2,304.91
ADVANCED CARBIDE TOOL 6,837.90
AEA TECHNOLOGY 2,820.09
AETNA U.S. HEALTHCARE 14,931.13
AFP INDUSTRIES 671.52
AG JEFFERSON 1,338.80
AGFA NDT, INC 4,011.34
AIR PRODUCTS AND CHEMICALS 3,482.30
AIRGAS MID-AMERICA 2,666.73
ALABAMA BY-PRODUCTS 629,113.00
ALLIED MINERAL PRODUCTS 24,093.88
ALLOR MFG 2,509.95
ALLTEL 291.75
ALPHA OMEGA RESOURCES 9,243.87
AMERICAN CANCER SOCIETY 240.00
AMERICAN ELECTRIC MOTORS 159.85
AMERICAN LEGION BOYS STATE OF VIRGINIA 200.00
AMERIGAS - LYNCHBURG-MONROE 13,082.20
AMHERST GENERAL DISTRICT COURT 526.95
AMHERST JDR DISTRICT COURT 449.46
AMX PERFORMANCE CO 755.00
APPALACHIAN POWER CO 182,335.71
APPLIED IND. TECHNOLOGIES 20,050.96
APPOMATTOX FORD/MERCURY 97.11
APPOMATTOX GLASS & STOREFRONT 405.33
ARAMARK UNIFORM SERVICES 963.24
ARCET EQUIPMENT 2,506.74
ASI DATAMYTE, INC 300.00
AT&T 97.41
ATLANTIC COAST TOYOTALIFT 3,899.23
ATL-EAST TAG & LABEL 1,354.34
AUTOCOM MANUFACTURING 263,424.00
AUTOWEB 285.71
BANKS COMPANY 9,008.55
BARKER-JENNINGS 8,436.30
BEARDSLEY & PIPER 147.70
BFI 28,074.69
BHA 1,125.00
BMG METALS 5,570.81
BOND, CYNTHIA GALLIER 369.52
BOULEVARD PROPERTIES 821.25
BOWMAN LOCKSMITH 10.14
BRAMMER SAFETY SUPPLY 14,689.07
BRC COMPANY 20,199.89
BRENNTAG SOUTHEAST 2,692.49
BROWN & SHARPE 229.62
C. A. TOOLING 58,985.00
CAMPBELL COUNTY TREASURER 4,022.55
CAMPBELL-PAYNE 541.76
CANDLER OIL 49,720.22
CAPP, INC. 840.14
CARCO INC. 480.00
CARLTON SCALE 1,838.50
CAROLINA FIREBRICK SPEC. 19,450.00
CARTER MACHINERY 3,045.48
CC METALS & ALLOYS 151,447.00
CELADON TRUCKING SERVICES, INC 862.50
CHAMPION CHISEL WORKS 2,894.05
CHEMICALS & SOLVENTS 404.95
CHICAGO FREIGHT CAR LEASING 21,820.28
CHURCHES FOR URBAN MINISTRY 250.00
COLUMBIA GAS 4,635.14
COLUMBIA MARKING TOOLS 15.82
COMMERICAL STEEL ERECTION 9,803.00
LYNCHBURG FOUNDRY, INC. (ARCHER CREEK) CASE NO. 04-67606
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
- ---------------------------- -------------------
CONSUMERS/ DORIN-ADAMS 17,530.69
CONTROL CHIEF CORP 643.57
CONTROL CORP OF AMERICA 292.68
CONTROL EQUIPMENT CO 2,298.52
CON-WAY SOUTHERN EXPRESS 137.27
CROSS SALES & ENGINEERING 42.15
CSXT 10,760.00
DAVIS, DOUGLAS, JR 203.03
DETEK 795.00
DICK HARRIS & SON TRUCK 3,500.04
DIDION INTERNATIONAL 36,019.05
DIKE-O-SEAL 566.54
DM&E RAILROAD 68,729.00
DOALL VIRGINIA CO 127.14
DODSON BROS. EXTERMINATING 177.00
DODSON RECOGNITION, INC 3,270.00
DOMINION METALLURGICAL 484.70
DOUGHERTY EQUIPMENT COMPANY 508.02
EAGLITE CHEMICALS 1,936.00
ECK SUPPLY 10,809.14
ECONOMY ENERGY, LLC 64,800.00
EDWARDS MEDICAL SUPPLY 367.79
ELECOM INC 437.12
ELECTRIC MELTING 4,359.88
ELECTRONICS REPAIR CENTER 649.50
ELKEM METALS 85,263.00
ELY CRANE AND HOIST 35,831.81
ENGINEERING CHEMISTRY 856.00
ENTERPRISE 590.80
EQUIPMENT MERCHANTS, INTL 773.51
ETA ENGINEERING 14,765.00
EUTECTIC CORPORATION 123.10
EVANS RADIATOR SHOP, INC 55.00
EXCEL TECHNOLOGIES 181.00
EXCELSIOR, INC 137.00
FAMILY SUPPORT REGISTRY 585.12
FASTRAK SORTWORKS, INC 2,510.00
FEDERAL RESERVE 450.00
FEI LYNCHBURG #75 187.52
FERBEE-JOHNSON CO 5,187.72
FIRE & SAFETY EQUIPMENT 150.50
FIREBRICK ENGINEERS COMPANY 19,450.00
FMC TECHNOLOGIES 362.75
FOLKS, MELANIE 1,625.96
FOSECO 57,587.00
FOSTER ELECTRIC CO 2,202.29
FREEMAN MFG & SUPPLY 83.97
G E SUPPLY 2,993.82
G.E. CAPITAL 7,228.00
GENERAL KINEMATICS 2,091.00
GIVENS, RICHARD 595.00
GLOBE METALLURGICAL 271,526.00
HAJOCA CORPORATION 2,016.34
HARBISON-WALKER REFRACTORIES 25,343.76
HARTLEY CONTROLS CORP 89.00
HELEN P. PARRISH 414.00
HELWIG CARBON, INC 64.78
HERAEUS ELECTRO-NITE CO 13,082.82
HERB'S TOOL GRINDING & SALES 771.63
HERMITAGE AUTOMATION 495.55
HI TECH MACHINING, LLC 9,872.78
HILL AND GRIFFITH 39,069.07
HOMESTEAD MATERIALS HANDLING 4,917.15
HOPKINS, WILLIAM D 142.02
HUBBELL INDUSTRIAL CONTROLS 1,195.91
I.A.M. NATIONAL PENSION FUND 2,125.15
IFS INDUSTRIES 7,975.00
LYNCHBURG FOUNDRY, INC. (ARCHER CREEK) CASE NO. 04-67606
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
- --------------------------------------------- -------------------
INDUSTRIAL SUPPLY CORP 18,908.28
INFORMATION HANDLING SERVICES 763.77
INGERSOLL-RAND CO 133.38
INTERNATIONAL ASSOC 396.00
INTERNATIONAL QUALITY CONTROL 1,175.00
J & H MACHINE TOOLS 804.17
J.F. DEACON GARAGE 240.15
J.P. NISSEN CO 105.35
JACKSON WANDA K 396.92
JAMES T. DAVIS 1,817.53
JDN LEASING 3,751.46
JEFFERSON GALLERIES 1,507.76
JESUS BARAJAS CARLOS 2,731.29
JOBE& COMPANY 282.16
KATHRYN'S FLOWER SHOP 54.60
KEETER-DIXON-PEARRE 370.00
KENT RUDBECK 480.00
KINDT COLLINS CO 586.39
KING TESTER CORP 78.94
LABORATORY CORP. OF AMERICA 154.00
LAKE ERIE LOGISTICS, INC 1,550.00
LAWRENCE EQUIPMENT 495.67
LINA 433.00
LOWE'S HOME CENTERS, INC 158.00
LYNCHBURG BRANCH OF BLUE RIDGE AREA FOOD 150.00
LYNCHBURG BUSINESS MACHINES 95.75
LYNCHBURG HILLCATS 100.00
LYNCHBURG STAMP & ENGRAVING CO 17.30
MACDERMID INC 206.63
MASTER GAGE & TOOL CO 1,900.00
MAXIM SYSTEMS 892.30
MAY DEPARTMENT STORES 865.90
MAYBERRY, SUSIE 1,565.48
MCBRIDE BLACKBURN OPTICIANS 159.50
MCI COMM SERVICE 11.93
MCMASTER-CARR SUPPLY 402.21
MECHANICAL TECHNOLOGIES 2,796.17
MEDICAL ASSOCIATES OF CENTRAL VA 155.50
METSO MINERALS IND 2,101.71
MIRIAM'S HOUSE, INC 150.00
MOORE WALLACE N. AMERICA, INC 2,625.61
MOORE'S MACHINE CO 10,447.50
MORRIS MATERIAL HANDLING 597.16
MOTION INDUSTRIES 1,417.05
NATIONAL AUTO PARTS 975.43
NATIONAL MATERIAL TRADING 374,782.00
NOEL SYSTEMS 98.95
NORTH AMERICAN MFG CO 71.89
OMNI WAREHOUSING DIVISION 2,336.60
OMNISOURCE FT WAYNE 2,271,291.00
O-N MINERALS JAMES RIVER OPERATIONS 8,000.00
OSBORNE INTERNATIONAL 21,204.40
PALLETONE OF VA 5,039.16
PATCHELL, KENNETH R. 287.49
PAYROLL (INCLUDES CORP DISBURSEMENTS) 2,823,453.68
PEARSON EQUIPMENT 199.20
PIEDMONT AREA JOURNAL 550.00
PIEDMONT FOUNDRY SUPPLY 162,799.48
PITNEY BOWES CREDIT CORP 698.92
PORTER WARNER IND 86,676.00
POTOMAC ENVIRONMENTAL 6,330.60
POWELL'S TRUCK & EQUIPMENT 585.84
PRECISION HYDRAULICS CO 20,252.53
PROCHEM ANALYTICAL 205.00
PROVIDENT LIFE 81.46
PROVIDENT LIFE & ACCIDENT 4,849.22
QSI, INC 750.04
LYNCHBURG FOUNDRY, INC. (ARCHER CREEK) CASE NO. 04-67606
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
- ----------------------------------------------------- -------------------
R.I. LAMPUS 77,113.84
RAMSEY, MARTHA 1,569.49
RED HILL GRINDING WHEEL 6,716.20
REGION 2000 1,000.00
REI CONSULTANTS 1,184.30
RICHARD STEEL COMPANY 1,298.00
RICHMOND SECURITY SERVICES 9,864.46
RIVER RIDGE SUPPLY CO 44.51
ROBERTS SINTO CORP 65.79
ROSE OFFICE SYSTEMS 719.00
RSC 3,213.00
RUBLE, GAIL 1,017.37
SAFETY-KLEEN 396.00
SAF-GARD SAFETY SHOE 2,709.71
SALEM TOOLS 399.52
SCHAEFER BRUSH MFG 1,885.86
SERVICE FIRST 581.60
SHANAFELT MFG 366.44
SHEPHERDS FABRICS & SUPLS 128.00
SIGNS, LOGOS, AND MORE 70.00
SIMMS, DAVID 158.25
SMITH SERVICES 18,545.66
SMITH, DEBORAH 1,059.94
SOUTHERN AIR 2,676.41
SOUTHERN MAINTENANCE SUPPLY 1,099.09
SPECIAL K LANDSCAPING 6,100.00
SPECIALTY FOUNDRY PRODUCTS 28,452.07
SPRAYING SYSTEMS 755.39
STERICYCLE INC 444.80
SUNBELT RENTALS 1,691.25
SUPERIOR GRAPHITE 48,735.00
TDC FILTER MANUFACTURING, INC 7,611.00
TEMPLETON'S MKT 299.37
TENNANT COMPANY 339.60
TEST EQUIPMENT DIST LLC 476.61
THE MASA CORP 1,585.85
THERMO ELECTRON SCIENTIFIC 205.12
THOMPSON TRUCKING 39,869.48
TICE - ANDERSON, PATSY 344.74
TOMLIN, LINDA 1,533.09
TORRENCE PLUMBING 168.19
TRANSMAN 30,436.00
TREASURER OF VA 16,520.49
TREASURER OF VIRGINIA 100.00
TRI-STATE TECH SALES 538.58
TUCKER, DAVID 5,389.65
TUSCOLA SAGINAW BAY RAILWAY 68,184.00
U S ELECTRICAL TOOL 1,061.00
U.S. DEPT OF TRANSPORTATION - HAZMAT REGISTRATION FEE 300.00
UMETCO INC 15,540.00
UNITED COMPUTER CAPITAL CORP 758.00
UNITED HYDRAULICS INC 36,551.76
UNITED RENTALS 785.50
UNITED WAY OF CENTRAL VA 373.50
UPS SUPPLY CHAIN SOLUTIONS, INC 489.48
VA CAROLINA BELTING 13,002.97
VA DEPT OF TAX 1,174.31
VA FLUID POWER 184.00
VALLEY FASTENERS 3,267.31
VBS 3,649.50
VERIZON 2,550.54
VIRGINIA AUTO PARTS 145.00
VIRGINIA ELECTRONIC COMPONENTS 196.28
VIRGINIA METAL SERVICE 119.50
W.E.L. ENTERPRISES 17,856.50
WEBER MARKING SYSTEMS 250.84
WENDT DUNNINGTON 278.83
LYNCHBURG FOUNDRY, INC. (ARCHER CREEK) CASE NO. 04-67606
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
- ----------------------------- -------------------
WEXFORD SAND COMPANY 45,820.00
WHEELABRATOR 5,757.34
WHEELABRATOR ABRASIVES 57,552.00
WHITING CORPORATION 5,569.00
WIGGINGTON RD FAMILY PRACTICE 207.00
WILLIAMS, CLARENCE 6,389.79
WILLIAMSON & WILMER 56.84
WILSON WELDING CO 8,796.00
WILSON/SHORE INSTRUMENTS 595.00
WINGFOOT LLC TIRE SYSTEMS 2,882.00
WIRELESS SOLUTIONS 192.00
WOODS, ROGERS 393.57
WOODS, ROGERS 672.77
WOOLDRIDGE HEATING & AIR 275.00
XEROX CORPORATION 1,862.96
XPEDX 19,695.07
ZONES, INC 465.00
-------------------
$ 8,982,673.70
LYNCHBURG FOUNDRY
CASE NO. 04-67606
AT 6/30/05
ARCHER CREEK - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 204,239.39
Unadjusted GL Balance 204,239.39
------------
Difference $ -
============
ARCHER CREEK
OUTSTANDING CHECKS
CASE NO. 04-67606
DATE CHECK OUTSTANDING
10/8/04 15418 $ 28.35
10/8/04 15419 85.61
10/8/04 15421 28.35
10/11/04 15430 52.67
10/14/04 15447 42.76
10/15/04 15452 296.64
10/22/04 15555 48.50
4/12/05 19012 3,239.70
5/6/05 19591 6,020.00
5/6/05 19619 442.36
5/20/05 19938 112.85
5/27/05 20099 2,070.00
5/27/05 20100 267.38
5/27/05 20102 105.65
6/1/05 20155 348.60
6/1/05 20156 14.15
6/14/05 20594 1,490.07
6/17/05 20676 396.00
6/17/05 20714 2,373.00
6/17/05 20729 166.44
6/21/05 20745 4,538.34
6/21/05 20746 1,625.96
6/21/05 20748 1,569.49
6/21/05 20749 559.23
6/21/05 20753 19.57
6/21/05 20754 10.50
6/21/05 20774 1,417.05
6/21/05 20775 65.79
6/21/05 20776 358.90
6/21/05 20779 66.60
6/21/05 20780 1,434.00
6/21/05 20781 719.32
6/23/05 20787 161.52
6/23/05 20788 161.52
6/23/05 20789 308.01
6/23/05 20790 306.25
6/23/05 20791 399.89
6/24/05 20807 5,189.07
6/24/05 20814 424.07
6/24/05 20826 3,751.46
6/24/05 20827 526.29
6/24/05 20829 95.75
6/24/05 20842 44.51
6/24/05 20850 4,184.96
6/24/05 20857 240.00
6/24/05 20861 11.93
6/24/05 20862 287.49
6/24/05 20865 2,714.00
6/24/05 20872 226.14
6/24/05 20873 19.00
6/24/05 20874 100.20
6/24/05 20875 54.63
6/24/05 20877 96.80
6/24/05 20879 34.65
6/24/05 20880 7.50
6/24/05 20881 443.15
6/24/05 20882 35.16
6/24/05 20883 138.55
6/24/05 20884 131.60
6/24/05 20885 3,559.50
6/24/05 20886 2,015.64
6/24/05 20887 2,373.00
6/24/05 20888 807.50
6/24/05 20889 14.65
6/24/05 20894 160.80
6/24/05 20895 215.00
6/24/05 20896 6.00
6/24/05 20897 854.74
6/27/05 20899 195.73
6/27/05 20900 187.57
6/27/05 20901 98.40
6/28/05 20909 1,016.00
6/28/05 20910 310.27
6/28/05 20911 1,308.75
6/28/05 20912 1,175.00
6/28/05 20913 183.34
6/28/05 20915 15,393.44
6/28/05 20916 7,015.02
6/28/05 20917 207.00
6/28/05 20918 142.02
6/28/05 20919 216.50
6/28/05 20920 155.50
6/28/05 20921 2,421.65
6/28/05 20922 301.30
6/28/05 20923 186.75
6/28/05 20924 191.25
6/28/05 20925 11.19
6/28/05 20926 2,174.40
6/28/05 20927 851.56
6/28/05 20928 36.38
6/28/05 20929 71.83
6/28/05 20930 8.50
6/28/05 20931 1,573.04
6/28/05 20932 25.99
6/28/05 20935 30.28
6/28/05 20936 404.95
6/28/05 20937 15.82
6/28/05 20938 4,100.00
6/28/05 20939 1,090.00
6/28/05 20940 340.20
6/28/05 20941 16.00
6/28/05 20942 284.08
6/28/05 20943 75.24
6/28/05 20944 64.40
6/28/05 20945 48.72
6/28/05 20947 360.00
6/28/05 20948 13.76
6/28/05 20949 876.00
6/28/05 20950 16.53
6/28/05 20951 1,150.00
6/28/05 20952 260.00
6/28/05 20953 398.13
6/28/05 20954 195.00
6/28/05 20955 673.28
6/28/05 20956 150.40
6/28/05 20957 1,434.00
6/28/05 20958 504.78
6/28/05 20959 2,882.00
6/29/05 20960 159.00
6/29/05 20961 30,870.00
6/29/05 20962 966.33
6/29/05 20964 286.59
6/29/05 20965 43.20
6/29/05 20966 240.15
6/29/05 20967 2,714.00
6/30/05 20973 439.15
6/30/05 20974 972.00
6/30/05 20975 322.07
6/30/05 20977 33.77
6/30/05 20978 11.19
6/30/05 20979 2,174.40
6/30/05 20980 66.00
6/30/05 20981 44.80
6/30/05 20982 16.58
6/30/05 20983 884.06
6/30/05 20984 884.06
6/30/05 20985 361.68
6/30/05 20986 937.70
6/30/05 20987 281.33
6/30/05 20988 170.40
6/30/05 20989 242.65
6/30/05 20990 117.70
6/30/05 20991 1,895.53
6/30/05 20992 260.50
6/30/05 20993 7,828.00
6/30/05 20994 4,844.75
6/30/05 20995 518.75
6/30/05 20996 13.03
6/30/05 20997 84.00
6/30/05 20998 19,450.00
6/30/05 20999 318.95
6/30/05 21000 915.84
6/30/05 21001 15.00
6/30/05 21002 54.78
6/30/05 21003 10.00
6/30/05 21004 120.00
6/30/05 21005 12.89
6/30/05 21006 1,120.00
6/30/05 21007 2,379.00
6/30/05 21008 178.80
6/30/05 21009 785.50
6/30/05 21010 42.35
6/30/05 21011 478.00
6/30/05 21012 206.20
6/30/05 21013 1,912.00
6/30/05 21014 6,600.00
$ 204,239.39
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS: MONTHLY CASH STATEMENT
MONTH ENDED 6/30/2005
CASE NO. 04-67606
LYNCHBURG FOUNDRIES - (RADFORD FOUNDRY)
---------------------------------------
ACCOUNT TYPE LOCKBOX DEPOSITORY
ACCOUNT # 1599583 5401086474
BANK Bank One Stan Fed
BEGINNING BANK BALANCE - -
RECEIPTS - -
TRANSFERS IN (CORPORATE) - -
DIP INFLOW - -
DISBURSEMENTS - -
TRANSFERS OUT (CORPORATE) - -
DIP REPAYMENT - -
-------- ----------
ENDING BANK BALANCE - -
CORPORATE DEBIT MEMOS 7,349
----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 7,349
==========
NOTE: Radford's payroll is consolidated with the Corporate payroll due to
immateriality
NOTE II: Radford's disbursements are paid for and allocated by Corporate.
RADFORD FOUNDRY CASE NO. 04-67606
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
- --------------------- -------------------
AETNA $ 103.58
CITY OF RADFORD 7,061.28
LINA (FORMERLY CIGNA) 8.00
NORFOLK SOUTHERN 27.00
PROVIDENT LIFE 49.59
TREASURER OF VIRGINIA 100.00
-------------------
$ 7,349.45
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JUNE 30, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: LYNCHBURG FOUNDRY, INC. Capacity: ___ Shareholder
Case Number: 04-67606 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $ 0
Dated: JULY 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 JUNE 30, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67608
) Chapter 11
) Judge: Marci B. McIvor
NORTHERN CASTINGS CORP. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and, (if not, attach written
explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization. (If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: JULY 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 6-30-05
($000's)
CASE #04-67608
NORTHERN
CASTINGS
-------------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 1,864 14,511
Cost of Goods Sold
Materials and Freight 158 3,473
Wages - Hourly 299 2,111
Wages-Salary 88 748
Employee Benefits and Pension 188 1,027
Repairs & Maintenance 84 743
Supplies 150 864
Utilities 139 1,309
Purchased Components/Services 137 702
Income(loss) from Pattern Sales (12) (180)
Fixed Asset - (gain/loss) - -
MIS Expense 12 107
Travel & Entertainment 4 21
Other Variable Costs 130 415
Depreciation & Amortization 39 372
Other Allocated Fixed Costs - -
Other Fixed Costs 71 225
----- ------
Cost of Goods Sold 1,487 11,937
Gross Profit 377 2,574
Plant SG&A Expense (1) (2)
SG&A Expense - Allocation (Sched 1) 51 445
Other Operating Expenses - -
----- ------
Total Operating Expenses 50 443
Operating Profit 327 2,131
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (25) (139)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) - -
----- ------
Total Non-Operating Expenses (25) (139)
Income Before Income Taxes 302 1,992
Income Tax Expense - 4
----- ------
Net Income 302 1,988
===== ======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs June
(Allocation of Corporate Costs to Filing Entities)
(000's)
June
----
Officer Compensation $ 189
Salary Expense other Employees 892
Employee Benefits and Pension 107
Payroll Taxes 53
Other Taxes 0
Rent and Lease Expense 212
Interest Expense
Insurance 63
Automobile and Truck Expense 11
Utilities(Gas Electric, Phone) 43
Depreciation 86
Travel and Entertainment 114
Repairs and Maintenance 98
Advertising/Promotion 10
Supplies, Office Expense 42
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 28
Public Reporting Fees 15
Employee Relocation/Training 17
Data Processing 27
Dues and Subscriptions 15
Outside Services 92
Project Development Costs net of Billings (32)
Director Fees 25
Miscellaneous 5
Legal Fees 10
Cost Allocation - Europe (78)
Cost Allocation - Out (254)
------
$2,143
======
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 490
------
Total $2,143
======
Intermet Corp and Subsidiaries
Balance Sheet as of 06-30-05
($000's)
CASE #04-67608
--------------
NORTHERN
CASTINGS
--------------
Cash And Equivalents $ -
Accounts Receivable 3,121
Short-Term Intercompany Receivables -
Inventories 1,100
Other Current Assets 3
--------
TOTAL CURRENT ASSETS 4,224
Land and Buildings 2,266
Machinery & Equipment 9,566
Construction In Progress 1,042
--------
Total Fixed Assets 12,874
Accumulated Depreciation (10,099)
--------
NET FIXED ASSETS 2,775
Investment In Subsidiaries -
Investment In European Operations -
Long-Term Intercompany Receivables 10,577
Deferred Taxes, Long-Term Asset -
Other Assets 118
--------
TOTAL ASSETS $ 17,694
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 492
Wages and Salaries (See schedule) 109
Taxes Payable - (See schedule) 132
--------
TOTAL POST PETITION LIABILITIES 733
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 313
Short-Term Intercompany Payables 1
Retirement Benefits -
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities -
Long-Term Intercompany Payables -
Minority Interest -
--------
TOTAL LIABILITIES 2,786
Common Stock -
Capital In Excess Of Par Value 1,800
Retained Earnings - Prepetition 11,120
Retained Earnings - Post Petition 1,988
Equity In European Operations
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
--------
TOTAL SHAREHOLDER EQUITY 14,908
--------
TOTAL LIABILITIES AND EQUITY $ 17,694
========
PERIOD ENDED: 06-30-05 NORTHERN CASTINGS CORP. CASE #04-67608
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
5/31/05 Withheld Deposits 06/30/05
---------- --------- ---------- ---------
Income tax withheld: Federal $ (5,488) $ (38,225) $ 40,971 $ (2,742)
Income tax withheld: State (2,683) (17,087) 18,408 (1,363)
Income tax withheld: Local 0 0 0 0
FICA Withheld (5,667) (29,306) 31,910 (3,063)
Employers FICA (5,373) (29,306) 31,910 (2,769)
Unemployment Tax: Federal (5,042) (5,248) 61 (10,230)
Unemployment Tax: State 0 0 0 0
All Other Payroll W/H 0 0 0 0
State Taxes: Inc./Sales/Use/Excise (1,528) (2,118) 1,360 (2,286)
Property Taxes (7,556) (2,000) 0 (9,556)
Workers Compensation (5,057) (105,000) 10,431 (99,626)
---------- --------- ---------- ---------
Total $ (38,395) $(228,290) $ 135,051 $(131,634)
Wages and Salaries (68,833) (662,308) 622,353 (108,789)
---------- --------- ---------- ---------
Grand Total $ (107,228) $(890,598) $ 757,404 $(240,423)
========== ========= ========== =========
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 $ 491,927 $ 491,927 $ 0 $ 0
Accounts Receivable $3,222,017 $2,750,141 $ 252,779 $ 219,097
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS: MONTHLY CASH STATEMENT
MONTH ENDED 6/30/2005
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 - 923,427 - - -
TRANSFERS IN (CORPORATE) - - 643,761 285,980 73,643
DIP INFLOW - - - - -
DISBURSEMENTS - - (643,761) (285,980) (73,643)
TRANSFERS OUT (CORPORATE) - (923,427) - - -
DIP REPAYMENT - - - - -
------------- ----------- ---------- ------------- ----------
ENDING BANK BALANCE - - - - -
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 329,750
CHECKS ISSUED 724,196
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 458,187
CORPORATE DEBIT MEMOS 11,493
----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $1,523,626
==========
OUTSTANDING CHECKS AS OF MAY 31 102,090
VOIDED CHECKS OUTSTANDING AS OF MAY 31 -
CHECKS ISSUED DURING JUNE 724,196
CHECK CLEARED DURING JUNE (642,401) Dept of Revenue EFT of $ 1,360 Excluded.
----------
OUTSTANDING CHECKS AS OF JUNE 30 (SEE OUTSTANDING CHECKLIST) $ 183,885
==========
NORTHERN CASTINGS CORPORATION CASE NO. 04-67608
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
3 RIVERS TRUCKING $ 17,650.42
ACE INSURANCE 1,046.17
ADVANCED TECHNOLIGIES 110.00
ADVANCED TECHNOLIGIES 44.00
AETNA 1,475.04
AIRGAS 4,604.34
AIRGAS 2,153.80
AIRGAS 1,877.87
AIRGAS 48.16
AIR-HYDRAULICS 957.02
AIR-HYDRAULICS 389.12
ALLIED MINERAL PRODUCTS 1,499.52
ALTER TRADING 26,597.65
AMERICAN COLLOID 6,778.67
AMERICAN COLLOID CO 8,460.32
AMERICAN COLLOID CO 6,865.12
AMERICAN COLLOID COMPANY 6,885.70
AMERICAN COLLOID COMPANY 6,830.82
AMERIPRIDE LINED 718.48
AMERIPRIDE LINEN 363.21
AMERIPRIDE LINEN & APPAREL 446.12
AMERIPRIDE LINEN AND APPAREL 359.27
ANDERSON-CRANE RUBBER 59.75
ANDERSON'S FURNITURE 318.44
ARROWHEAD BATTERY 90.53
AUTOWEB 285.71
B & R ENGINEERING 1,771.90
B & R ENGINEERING 1,347.50
B & R ENGINEERING 207.00
B&R ENGINEERING 207.00
B&R ENGINEERING 207.00
BALDWIN SUPPLY 3,278.76
BALDWIN SUPPLY 532.01
BEAR COUNTRY MARKETING 891.10
BEAR COUNTRY MARKETING 665.00
BEHR IRON 190,281.00
BEHR SPECIALTY 3,180.00
BERGAN, RON 569.49
BOB SCOFIELD TRUCKING 4,035.55
BOB SCOFIELD TRUCKING 3,863.55
BOB SCOFIELD TRUCKING 3,817.28
BOB SCOFIELD TRUCKING 3,654.89
BOB SCOFIELD TRUCKING 3,001.18
BOUGALIS CONSTRUCTION 360.00
BRAUN INTERTEC ENGINEERING 2,249.00
BRUCE DUMOND 1,400.00
BRUCE R. SMITH/INT'L UNION 2,236.00
NORTHERN CASTINGS CORPORATION CASE NO. 04-67608
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
BUSCHE ENTERPRISE DIV. 410.80
BUSCHE ENTERPRISE DIV. 196.02
C.A. PICARD 87.16
CARLSON SYSTEM 1,552.79
CARPENTER BROTHERS 4,656.00
CARQUEST AUTO PARTS 44.58
CARQUEST AUTO PARTS 30.74
CARQUEST AUTO PARTS 7.02
CAST CORPORATION 26,373.00
CAST CORPORATION 23,864.00
CAST CORPORATION 16,670.00
CAST CORPORATION 11,772.00
CENTRAL MESABI MEDICAL FOUNDATION 400.00
CENTRAL TRANSPORT 1,280.91
CHAMPION CHISEL WORKS 1,030.40
CHECKPOINT MACHINE 2,204.80
COMPUWARE 462.00
CUSTOM LETTERING 372.00
DISA 6,777.39
DISA 2,551.25
DISA 1,508.00
DISA 704.70
DISA 98.60
DISA INDUSTRIES, INC. 875.00
DORSEY & WHITNEY 7,695.00
DORSEY & WHITNEY 291.86
DULUTH CLINIC 280.00
EESCO 1,409.05
EESCO 276.69
EESCO 224.50
EESCO 41.85
ELKEM 47,217.85
ENTERPRISE 766.34
ERICKSON LUMBER 199.01
ERICKSON LUMBER 53.25
EXPRESS PRINT 650.18
EXPRESS PRINT 504.81
FASTENAL COMPANY 1,564.23
FASTENAL COMPANY 360.42
FASTENAL COMPANY 54.94
FASTENAL COMPANY 42.30
FASTENAL COMPANY 39.83
FULL CIRCLE IMAGE 20.38
G E CAPITAL 1,017.08
G E CAPITAL 1,017.08
GEARY'S GROCERY 43.60
GEARY'S GROCERY 43.60
GEARY'S GROCERY 32.70
NORTHERN CASTINGS CORPORATION CASE NO. 04-67608
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
GEARY'S GROCERY 15.26
GEORGE BOUGALIS 2,400.00
GEORGE BOUGALIS 1,200.00
GIL-MAR MGF 26,000.00
GIL-MAR MGF 11,943.75
GIL-MAR MGF 8,505.00
GIL-MAR MGF 3,446.25
GMP LOCAL 21B 1,290.00
GREAT WESTERN 4,365.96
GREAT WESTERN 3,692.00
HENDRICKSON, JEREMY 77.64
HERAEUS ELECTRO-NITE CO. 4,868.32
HERAEUS ELECTRO-NITE CO. 3,092.00
HI TEMP 5,641.42
HIBBING COMMUNITY COLLEGE 1,259.35
HIBBING COMMUNITY COLLEGE 975.00
HI-TEMP 8,254.22
HI-TEMP 7,473.70
HI-TEMP 7,386.06
HI-TEMP 2,947.67
INFORMATION HANDLING SERVICES 763.77
IRS 50.00
IRS 50.00
IRS 50.00
IRS 50.00
J & W INSTRUMENTS, INC. 942.89
J.N. JOHNSON 345.06
J.N. JOHNSON 204.11
JASON JUKICH 670.14
KEN'S A-1 30.00
KOINS CORPORATION 1,484.00
L & L RENTAL 439.42
L & S ELECTRIC INC. 2,307.55
LAND INSTRUMENTS 2,981.70
LARPEN METALLURGICAL 6,552.00
LARPEN METALLURGICAL SER 7,974.00
LARPEN METALLURGICAL SER 6,615.00
LARPEN METALLURGICAL SER 957.00
LEKATZ, MIKE 109.54
LIFT PRO 495.50
LIFT PRO 471.92
LIFT PRO 289.09
LINA 8.00
LOFTSTROM LAW FIRM 719.04
MATTHEW BENDER 90.68
MAX GRAY CONSTRUCTION 70,000.00
MCCOMBS TRUCKING 1,690.00
MCMASTER-CARR 264.43
NORTHERN CASTINGS CORPORATION CASE NO. 04-67608
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
MCMASTER-CARR 33.29
MCMASTER-CARR 22.36
MESABI OFFICE EQUIPMENT 253.47
MESABI OFFICE EQUIPMENT 253.47
MESABI OFFICE EQUIPMENT 59.59
METOKOTE CORPORATION 1,432.00
METOKOTE CORPORATION 1,085.08
METOKOTE CORPORATION 445.49
MIDTOWN MACHINE 244.95
MIDTOWN MACHINE 38.34
MIDWEST MACHINE TOOL SUPPLY 661.25
MIDWEST COMPUTER DEPOT 430.00
MIDWEST COMPUTER DEPOT 182.78
MIKE LEKATZ 964.09
MILLER & CO 21,412.16
MINNESOTA INDUSTRIES 1,837.11
MINNESOTA INDUSTRIES 1,517.89
MINNESOTA INDUSTRIES 1,037.51
MINNESOTA POWER 131,512.27
MINNESOTA SUPPLY 212.14
MINNESTOA INDUSTRIES 233.24
MINN-TECH ELECTRONICS 3,013.00
MINN-TECH ELECTRONICS 441.60
MN CHILD SUPPORT 2,466.57
MN DEPT OF CHILD SUPPORT 2,532.11
MN DEPT OF PUBLIC SAFETY 25.00
MN DEPT OF REVENUE 69.51
MN DEPT OF REVENUE 34.81
MN DEPT. OF CHILD SUPPORT 773.00
MORRIS MATERIAL HANDLING 1,007.50
NATIONAL METAL 5,150.00
NEW CASTLE E-COATING 185.00
NORTH STAR IMAGING 2,662.73
NORTHERN BALANCE & SCALE 1,865.00
NORTHERN TECHNOLOGIES 332.00
NYLUND, JEFF 39.78
OCCUPATIONAL DEV. CENTER 1,462.50
OCCUPATIONAL DEV. CENTER 990.00
OCCUPATIONAL DEV. CENTER 975.00
OCCUPATIONAL DEV. CENTER 975.00
OFFICE NORTH, INC. 474.57
OFFICE NORTH, INC. 8.95
OIL-TEC LABORATORIES 16.00
P & H MINEPRO SERVICES 1,700.00
PAYROLL (INCLUDES CORP DISBURSEMENTS) 458,187.10
PITNEY BOWES INC. 257.39
PRECISIONS METROLOGY 1,365.00
PROVIDENT 389.64
NORTHERN CASTINGS CORPORATION CASE NO. 04-67608
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
PROVIDENT LIFE 67.29
PROXIMITY CONTROLS 102.62
PUBLIC UTILITIES 12,075.10
QUICK, ALAN 241.88
RADKO IRON 769.37
RADKO IRON 75.55
RADOTICH, INC. 26,564.00
RADOTICH, INC. 18,240.00
RANGE AUTO GLASS INC 194.77
RANGE AUTO GLASS INC 44.41
RANGE BUILDING MAINTENANCE 198.09
RANGE CORNICE ROOFING 170.00
RANGE STEEL FABRICATORS 2,313.18
RANGE STEEL FABRICATORS 2,120.42
RANGE STEEL FABRICATORS 1,156.59
RANGE WATER CONDITIONING 47.93
RESERVE ACCT 500.00
RM COTTON COMPANY 3,544.80
SAFETY-KLEEN CORP. 126.74
SAFETY-KLEEN CORP. 126.74
SAFETY-KLEEN CORP. 79.00
SEARCH RESOURCES 1,222.34
SEARCH RESOURCES 295.25
SEARCH RESOURCES, INC. 295.25
SEARCH RESOURCES, INC 236.20
SEC OF STATE--MN 115.00
SECURITAS 2,197.24
SECURITAS 1,610.28
SECURITAS 805.14
SIM SUPPLY INC. 454.00
SIM SUPPLY INC. 268.61
SIM SUPPLY INC. 72.78
ST LOUIS COUNTY 6,000.00
ST LOUIS COUNTY 5,000.00
STANCO PRODUCTS 897.28
STEARNWOOD 6,318.50
SULLIVAN CANDY & SSUPPLY 410.75
SULLIVAN CANDY & SUPPLY 283.07
SULLIVAN CANDY & SUPPLY 266.84
SULLIVAN CANDY & SUPPLY 172.40
SULLIVAN CANDY & SUPPLY 106.64
SUNNY HILL DIST. 13.00
TDS METROCOM 558.50
THERMO ELECTRON SCIENTIFIC 660.30
TOWN AND COUNTRY ELECTRIC 8,070.97
TOWN AND COUNTRY ELECTRIC 6,435.02
TOWN AND COUNTRY ELECTRIC 2,960.00
TOYOTA LIFT 2,766.03
NORTHERN CASTINGS CORPORATION CASE NO. 04-67608
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
TRANSMAN 27,091.32
TRIMARK INDUSTRAIL 45.57
TRIMARK INDUSTRAIL 45.33
TRITEC OF MN. INC. 2,979.00
TRITEC OF MN. INC. 2,095.00
TTS 403.24
UNIMIN 12,000.00
VICKERS ENG 2,235.80
VICKERS ENG 1,321.60
VINCENT GENTILLINI 1,595.84
VISTA EYES 123.93
WHEELABRATOR GROUP 1,287.63
--------------
$ 1,523,625.98
NORTHERN CASTINGS CORP
CASE NO. 04-67608
AT 6/30/05
HIBBING - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 183,885.07
Unadjusted GL Balance 183,885.07
------------
Difference $ -
============
NORTHERN CASTINGS CORP
OUTSTANDING CHECKS
CASE NO. 04-67608
DATE CHECK OUTSTANDING
4/27/2005 76739 $ 2,757.72
5/25/2005 76914 35.94
6/7/2005 76995 2,307.55
6/8/2005 77028 38.34
6/15/2005 77072 2,249.00
6/15/2005 77075 23,864.00
6/15/2005 77098 1,595.84
6/22/2005 77128 16,670.00
6/22/2005 77141 16.00
6/22/2005 77144 1,156.59
6/22/2005 77147 1,610.28
6/22/2005 77150 6,435.02
6/23/2005 77152 50.00
6/27/2005 77158 1,508.00
6/27/2005 77159 3,278.76
6/29/2005 77162 2,766.03
6/29/2005 77167 2,153.80
6/29/2005 77168 6,778.67
6/29/2005 77169 363.21
6/29/2005 77170 90.53
6/29/2005 77171 1,771.90
6/29/2005 77172 891.10
6/29/2005 77173 4,035.55
6/29/2005 77174 196.02
6/29/2005 77175 1,552.79
6/29/2005 77176 4,656.00
6/29/2005 77177 44.58
6/29/2005 77178 11,772.00
6/29/2005 77179 1,030.40
6/29/2005 77180 2,204.80
6/29/2005 77181 41.85
6/29/2005 77182 504.81
6/29/2005 77183 1,564.23
6/29/2005 77184 1,017.08
6/29/2005 77185 1,200.00
6/29/2005 77186 8,505.00
6/29/2005 77187 3,692.00
6/29/2005 77188 3,092.00
6/29/2005 77189 439.42
6/29/2005 77190 7,974.00
6/29/2005 77191 471.92
6/29/2005 77192 33.29
6/29/2005 77193 59.59
6/29/2005 77194 244.95
6/29/2005 77195 430.00
6/29/2005 77196 1,517.89
6/29/2005 77198 975.00
6/29/2005 77199 769.37
6/29/2005 77200 194.77
6/29/2005 77201 2,120.42
6/29/2005 77202 126.74
6/29/2005 77203 295.25
6/29/2005 77204 2,197.24
6/29/2005 77205 266.84
6/29/2005 77206 13.00
6/29/2005 77207 2,960.00
6/29/2005 77208 45.33
6/29/2005 77209 123.93
6/29/2005 77210 569.49
6/29/2005 77211 77.64
6/29/2005 77212 975.00
6/29/2005 77213 5,301.18
6/29/2005 77214 26,564.00
6/30/2005 77215 5,641.42
$ 183,885.07
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JUNE 30, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: NORTHERN CASTINGS CORP. Capacity: ___ Shareholder
Case Number: 04-67608 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $ 0
Dated: JULY 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 JUNE 30, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67613
) Chapter 11
) Judge: Marci B. McIvor
SUDBURY, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: JULY 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 6-30-05
($000's)
CASE # 04-67613
SUDBURY
INC.
-----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales - -
Cost of Goods Sold
Materials and Freight - -
Wages - Hourly - -
Wages-Salary - -
Employee Benefits and Pension - -
Repairs & Maintenance - -
Supplies - -
Utilities - -
Purchased Components/Services - -
Income(loss) from Pattern Sales - -
Fixed Asset - (gain/loss) - -
MIS Expense - -
Travel & Entertainment - -
Other Variable Costs - -
Depreciation & Amortization - 177
Other Allocated Fixed Costs - -
Other Fixed Costs - (1)
------- -------
Cost of Goods Sold - 176
Gross Profit - (176)
Plant SG&A Expense - -
SG&A Expense - Allocation (Sched 1) - -
------- -------
Other Operating Expenses - 62,559
Total Operating Expenses - 62,559
------- -------
Operating Profit - (62,735)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) - (13)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) - -
------- -------
Total Non-Operating Expenses - (13)
Income Before Income Taxes - (62,748)
Income Tax Expense - -
------- -------
Net Income - (62,748)
======= =======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs June
(Allocation of Corporate Costs to Filing Entities)
(000's)
June
-------
Officer Compensation $ 189
Salary Expense other Employees 892
Employee Benefits and Pension 107
Payroll Taxes 53
Other Taxes 0
Rent and Lease Expense 212
Interest Expense
Insurance 63
Automobile and Truck Expense 11
Utilities(Gas Electric,Phone) 43
Depreciation 86
Travel and Entertainment 114
Repairs and Maintenance 98
Advertising/Promotion 10
Supplies, Office Expense 42
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 28
Public Reporting Fees 15
Employee Relocation/Training 17
Data Processing 27
Dues and Subscriptions 15
Outside Services 92
Project Development Costs net of Billings (32)
Director Fees 25
Miscellaneous 5
Legal Fees 10
Cost Allocation - Europe (78)
Cost Allocation - Out (254)
-------
$ 2,143
=======
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 490
-------
Total $ 2,143
=======
Intermet Corp And Subsidiaries
Balance Sheet as of 06-30-2005
($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 (124)
Machinery & Equipment (1,953)
Construction In Progress (23,412)
---------------
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 $ -
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: 06-30-05 SUDBURY INC. CASE #04-67613
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
5/31/2005 Withheld Deposits 6/30/2005
--------- --------- ---------- ---------
Income tax withheld: Federal $ 0 $ 0 $ 0 $ 0
Income tax withheld: State $ 0 $ 0 $ 0 $ 0
Income tax withheld: Local $ 0 $ 0 $ 0 $ 0
FICA Withheld $ 0 $ 0 $ 0 $ 0
Employers FICA $ 0 $ 0 $ 0 $ 0
Unemployment Tax: Federal $ 0 $ 0 $ 0 $ 0
Unemployment Tax: State $ 0 $ 0 $ 0 $ 0
All Other Payroll W/H $ 0 $ 0 $ 0 $ 0
$ 0 $ 0 $ 0 $ 0
State Taxes: Inc./Sales/Use/Excise $ 0 $ 0 $ 0 $ 0
Property Taxes $ 0 $ 0 $ 0 $ 0
$ 0
Workers Compensation 0 0 0 0
--- --- --- ---
Total $ 0 $ 0 $ 0 $ 0
Wages and Salaries 0 0 0 0
--- --- --- ---
Grand Total $ 0 $ 0 $ 0 $ 0
=== === === ===
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $ 0 $ 0 $ 0
Accounts Receivable $ 0 $ 0 $ 7,000
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 6/30/2005
MONTHLY CASH STATEMENT
CASE # 04-67613
SUDBURY, INC.
--------------------------------
ACCOUNT TYPE INVESTMENT INVESTMENT
ACCOUNT # 413046662076 413046663076
BANK Morgan Stanley Morgan Stanley
-------------- --------------
BEGINNING BANK BALANCE - 541
RECEIPTS - -
TRANSFERS IN (CORPORATE) - -
DIP INFLOW - -
DISBURSEMENTS - -
TRANSFERS OUT (CORPORATE) - -
DIP REPAYMENT - -
--- ---
ENDING BANK BALANCE - 541
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JUNE 30, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: SUDBURY, INC. Capacity: ___ Shareholder
Case Number: 04-67613 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance ______ _______
Life Insurance ______ _______
Retirement ______ _______
Company Vehicle ______ _______
Entertainment ______ _______
Travel ______ _______
Other Benefits ______ _______
Total Benefits ______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid ______ _______
Loans ______ _______
Other (Describe) ______ _______
Other (Describe) ______ _______
Other (Describe) ______ _______
Total Other Payments ______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
______ $ 0
Dated: JULY 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 JUNE 30, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67602
) Chapter 11
) Judge: Marci B. McIvor
SUDM, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: JULY 20, 2005 /s/ Robert E. Belts
-----------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- --------------
Title Phone
MONTHLY CASH STATEMENT
Period Ending: JUNE 30, 2005
SUDM, INC.
Case Number: 04-67602
CASH ACTIVITY ANALYSIS (CASH BASIS ONLY):
General Payroll Tax Cash Coll. Petty Cash
Acct. Acct. Acct. Acct. Acct.
A. Beginning Balance _____ _____ _____ _____ _____
B. Receipts _____ _____ _____ _____ _____
(Attach separate schedule)
C. Balance Available _____ _____ _____ _____ _____
(A+B)
D. Less Disbursements _____ _____ _____ _____ _____
(Attach separate schedule)
E. Ending Balance ALL ACTIVITY FOR SUDM, INC. IS REPORTED IN THE CONSOLIDATED
(C-D) COLUMBUS FOUNDRY OPERATING REPORT (CASE #04-67609).
(PLEASE ATTACH COPIES OF MOST RECENT RECONCILED BANK STATEMENTS FROM EACH
ACCOUNT)
General Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Payroll Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Tax Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Other monies on hand (specify type and location) i.e., CD's, bonds, etc.:
_______________________________________________________________________________
_______________________________________________________________________________
Date: JULY 20, 2005 ______________________________
Debtor in Possession
Form 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JUNE 30, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: SUDM, INC. Capacity: ___ Shareholder
Case Number: 04-67602 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $0
Dated: JULY 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 JUNE 30, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67610
) Chapter 11
) Judge: Marci B. McIvor
TOOL PRODUCTS, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto,
consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES[X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: JULY 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 6-30-05
($000's)
CASE # 04-67610
TOOL
PRODUCTS, INC.
-----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 5,400 44,890
Cost of Goods Sold
Materials and Freight 379 6,420
Wages - Hourly 1,296 10,513
Wages-Salary 322 2,530
Employee Benefits and Pension 422 4,157
Repairs & Maintenance 168 1,282
Supplies 276 1,982
Utilities 223 2,091
Purchased Components/Services 1,755 10,654
Income(loss) from Pattern Sales (45) (42)
Fixed Asset - (gain/loss) - 2
MIS Expense 20 174
Travel & Entertainment 12 135
Other Variable Costs 84 1,135
Depreciation & Amortization 229 1,924
Other Allocated Fixed Costs - (1)
Other Fixed Costs 105 669
----- ------
Cost of Goods Sold 5,246 43,625
Gross Profit 154 1,265
Plant SG&A Expense 74 610
SG&A Expense - Allocation (Sched 1) 137 1,203
Other Operating Expenses - 567
----- ------
Total Operating Expenses 211 2,380
Operating Profit (57) (1,115)
Outside Interest Income - -
Outside Interest (Expense) 26 (21)
Intercompany Interest Income - -
Intercompany Interest (Expense) (103) (751)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) - -
----- ------
Total Non-Operating Expenses (77) (772)
Income Before Income Taxes (134) (1,887)
Income Tax Expense 58 356
----- ------
Net Income (192) (2,243)
===== ======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs June
(Allocation of Corporate Costs to Filing Entities)
(000's)
June
------
Officer Compensation $ 189
Salary Expense other Employees 892
Employee Benefits and Pension 107
Payroll Taxes 53
Other Taxes 0
Rent and Lease Expense 212
Interest Expense
Insurance 63
Automobile and Truck Expense 11
Utilities(Gas Electric,Phone) 43
Depreciation 86
Travel and Entertainment 114
Repairs and Maintenance 98
Advertising/Promotion 10
Supplies, Office Expense 42
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 28
Public Reporting Fees 15
Employee Relocation/Training 17
Data Processing 27
Dues and Subscriptions 15
Outside Services 92
Project Development Costs net of Billings (32)
Director Fees 25
Miscellaneous 5
Legal Fees 10
Cost Allocation - Europe (78)
Cost Allocation - Out (254)
------
$2,143
======
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 490
------
Total $2,143
======
Intermet Corp and Subsidiaries
Balance Sheet as of 06-30-05
($000's)
CASE # 04-67610
---------------
TOOL
PRODUCTS, INC.
--------------
Cash And Equivalents $ 1
Accounts Receivable 7,501
Short-Term Intercompany Receivables 836
Inventories 5,086
Other Current Assets 156
-----------
TOTAL CURRENT ASSETS 13,580
Land and Buildings 10,872
Machinery & Equipment 24,599
Construction In Progress 1,292
-----------
Total Fixed Assets 36,763
Accumulated Depreciation (14,323)
-----------
NET FIXED ASSETS 22,440
Investment In Subsidiaries -
Investment In European Operations -
Long-Term Intercompany Receivables 8,626
Deferred Taxes, Long-Term Asset -
Other Assets -
-----------
TOTAL ASSETS $ 44,646
===========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 1,646
Wages and Salaries (See schedule) 378
Taxes Payable - (See schedule) 412
-----------
TOTAL POST PETITION LIABILITIES 2,436
SECURED LIABILITIES:
SECURED DEBT 61
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes -
Accrued Tax - State -
Accrued Property Taxes -
Accrued Workers Comp. 482
Accrued Payroll -
Accrued Payroll Taxes -
-----------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 482
UNSECURED LIABILITIES
Accounts Payable 6,622
Senior & IDR Bonds -
-----------
TOTAL UNSECURED LIABILITIES 6,622
OTHER LIABILITIES
Accrued Liabilities 2,543
Short-Term Intercompany Payables 888
Retirement Benefits 245
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities -
Long-Term Intercompany Payables 2,211
Minority Interest -
-----------
TOTAL LIABILITIES 15,488
Common Stock -
Capital In Excess Of Par Value 19,200
Retained Earnings - Prepetition 12,201
Retained Earnings - Post Petition (2,243)
Equity In European Operations
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
-----------
TOTAL SHAREHOLDER EQUITY 29,158
-----------
TOTAL LIABILITIES AND EQUITY $ 44,646
===========
PERIOD ENDED: 06-30-04 TOOL PRODUCTS, INC. (JACKSON) CASE #04-67610
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
5/31/2005 Withheld Deposits 6/30/2005
--------- -------- -------- ---------
Income tax withheld: Federal ($ 7,651) ($ 52,444) $ 42,179 ($ 17,916)
Income tax withheld: State 0 0 0 0
Income tax withheld: Local 0 0 0 0
FICA Withheld (6,036) (36,046) 30,339 (11,742)
Employers FICA (6,036) (36,046) 30,339 (11,742)
Unemployment Tax: Federal (1,704) (363) 0 (2,067)
Unemployment Tax: State (5,783) (1,361) 0 (7,144)
All Other Payroll W/H (2,876) (10,665) 13,277 (264)
State Taxes: Inc./Sales/Use/Excise (1,338) (669) 0 (2,007)
Property Taxes (42,000) (9,000) 0 (51,000)
Workers Compensation (48,147) (6,151) (3,849) (58,148)
--------- --------- -------- ---------
Total ($121,570) ($152,746) $112,285 ($162,031)
Wages and Salaries (141,748) (89,465) 30,608 (200,605)
--------- --------- -------- ---------
Grand Total ($263,318) ($242,211) $142,892 ($362,637)
========= ========= ======== =========
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 $ 313,108 $ 313,108 $ 0 $ 0
Accounts Receivable $2,486,426 $2,417,423 $15,110 $53,893
06-30-05 TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE #04-67610
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
5/31/2005 Withheld Deposits 6/30/2005
--------- -------- -------- ---------
Income tax withheld: Federal $ 0 $ 0 $ 0 $ 0
Income tax withheld: State $ 0 $ 0 $ 0 $ 0
Income tax withheld: Local $ 0 $ 0 $ 0 $ 0
FICA Withheld $ 0 $ 0 $ 0 $ 0
Employers FICA $ 0 $ 0 $ 0 $ 0
Unemployment Tax: Federal $ 0 $ 0 $ 0 $ 0
Unemployment Tax: State $ 0 $ 0 $ 0 $ 0
All Other Payroll W/H $ 0 $ 0 $ 0 $ 0
State Taxes: Inc./Sales/Use/Excise ($114,000) ($ 57,000) $ 0 ($171,000)
Property Taxes ($ 32,247) ($ 11,349) $ 0 ($ 43,597)
Workers Compensation ($222,846) ($ 31,000) $218,510 ($ 35,336)
--------- --------- -------- ---------
Total ($369,093) ($ 99,349) $218,510 ($249,932)
Wages and Salaries ($ 95,728) ($ 81,561) $ 0 ($177,289)
--------- --------- -------- ---------
Grand Total ($464,822) ($180,910) $218,510 ($427,221)
========= ========= ======== =========
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 $1,333,123 $1,333,123 $ 0 $ 0
Accounts Receivable $4,513,962 $3,253,006 $ 772,430 $488,526
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 6/30/2005
MONTHLY CASH STATEMENT
CASE # 04-67610
TOOL PRODUCTS, INC (JACKSON)
------------------------------------------
ACCOUNT TYPE LOCKBOX AP PR
ACCOUNT # 5402699408 2770721757 2770721765
BANK Stan Fed Stan Fed Stan Fed
BEGINNING BANK BALANCE - - -
RECEIPTS 1,736,601 - -
TRANSFERS IN (CORPORATE) - 914,007 377,024
DIP INFLOW - - -
DISBURSEMENTS - (914,007) (377,024)
TRANSFERS OUT (CORPORATE) (1,736,601) - -
DIP REPAYMENT - - -
------------------------------------------
ENDING BANK BALANCE -
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 786,726
CHECKS ISSUED 1,045,384
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 614,054
CORPORATE DEBIT MEMOS 27,870
----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $2,474,034
==========
OUTSTANDING CHECKS AS OF MAY 31 95,472
VOIDED CHECKS OUTSTANDING AS OF MAY 31 -
CHECKS ISSUED DURING JUNE 1,045,384
CHECK CLEARED DURING JUNE (913,997) Excludes a $10 encoding error.
----------
OUTSTANDING CHECKS AS OF JUNE 30 (SEE OUTSTANDING CHECKLIST) $ 226,859
==========
TOOL PRODUCTS, INC. (JACKSON) CASE NO. 04-67610
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
AAA PLUMBING & ELECTRICAL $ 1,318.05
ACE INSURANCE 642.79
ADVANCED METAL PRODUCTS 358.94
AH ASSOCIATES 3,200.00
AICPA 180.00
AIM POWER AND FLUIDS 1,382.32
AIR DRAULICS ENGINEERING CO 7,821.87
AIRGAS SOUTH 5,156.56
ALCHEM ALUMINUM, INC. (IMCO) 271,578.00
ALPHA RESOURCES INC 155.89
ALUAR 351,380.00
APPLIED INDUSTRIAL TECH 775.71
ASSOCIATED PACKAGING INC 2,683.89
AVAYA 466.24
A-Z OFFICE RESOURCES, INC. 2,629.61
B & B FIRE PROTECTION 279.47
B & B TOOL AND DIE COMPANY INC 40,870.00
BARNHILL'S 164.63
BELLSOUTH 1,152.28
BLEEKS, SCOTT (RELOCATION) 26,099.47
BOB FULGHAM 419.13
BODYCOTE 709.00
BRANDON LANGHANS 634.72
BUHLER INC 8,220.14
CANON FINANCIAL SERVICES, INC. 627.77
CARLA BALLARD 186.00
CHAPTER 13 TRUSTEE 5,736.32
CHEM STATION 755.19
CHEM TREND INCORPORATED 42,365.68
CHEM-DRY 249.00
CITY OF JACKSON 862.47
CLEMCO SALES INC 1,223.50
COMPRESSORS & TOOLS, INC. 703.00
COMPUWARE 198.00
CONTRA COSTA 475.00
CRANE SERVICE INC 1,259.00
CROSS MACHINE TOOL CO INC 51,207.50
D & C SALES 1,100.96
D M E CORP 2,057.15
DANKA INDUSTRIES INC 369.45
DANLY IEM 61.80
DATASTREAM 1,096.40
DIECO TOOL & DIE 6,951.20
DIEMER ASSOCIATES INC 514.72
DIMETEK INTERNATIONAL INC 780.00
DJ LOCK AND SAFE 216.50
DUNN SPECIALY STEEL INC 1,187.03
EMPIRE REFRACTORY SPECIALISTS 10,500.00
ENCO MANUFACTURING CO 220.29
ENGINEERED PRODUCTS DIVIS 6,998.62
TOOL PRODUCTS, INC. (JACKSON) CASE NO. 04-67610
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
FERRELL GAS 1,161.38
FLOZONE SERVICES INC 874.50
FLUID POWER OF MEMPHIS 543.60
FUGITT RUBBER AND SUPPLY CO 4,822.63
G & H INDUSTRIES 380.14
G.W. SMITH AND SONS INC 47.20
GARY MATTHEWS OF JACKSON 508.61
GEIT LLC 40,000.00
GENERAL SESSIONS COURT -
GOODRICH TOOL & SUPPLY 2,440.83
GORDON PETERS 892.86
GRIFFIN TOOL 50,666.66
H C I SUPPLY INC. 30,266.05
HERSCHAL PRODUCTS INC 52.50
HI TEMP PRODUCTS INC 6,965.12
HI-SPEED INDUSTRIAL SERVICE 442.00
HI-TECH SALES & SERVICE, INC. 243.37
I SQUARED R ELEMENT CO., INC. 990.60
INDEPENDENT COMPUTER SVC 82.31
INDUSTRIAL FIREBRICK WAREHOUSE 109.82
INDUSTRIAL GYPSUM 210.00
INDUSTRIAL LUBRICANTS, INC. 401.70
INFORMATION HANDLING 763.77
JACKSON COMMUNICATIONS 109.75
JACKSON DAVIDSON 4,030.00
JACKSON ENERGY AUTHORITY 90,182.14
JIT FORMS 3,779.53
JONES, GRADY W.-CO. OF MEMPHIS 1,997.22
KENT RUDBECK 960.00
L&H SUPPLY CO INC 6,304.80
LIFT TRUCK SERVICE & RENTALS 646.76
M.C. GATLIN 520.57
MACHINE TOOL & SUPPLY (JKSN) 5,241.14
MACK PEST CONTROL 280.00
MADISON CITY GENERAL SESSIONS 147.42
MADISON COUNTY CIRCUIT COURT 459.25
MADISON COUNTY CLERK 25.00
MADISON FINISHING INC 59,835.34
MARTIN INDUSTRIAL 9,293.57
MCMASTER CARR SUPPLY CO 2,624.28
METALLURG ALUMINUM 5,060.00
MOLTEN METAL EQUIP. INNOVATION 2,142.00
MSC INDUSTRIAL SUPPLY CO INC 289.92
MTRONICS.COM INCORPORATED 202,240.72
MWP INDUSTRIAL SERVICE 494.00
NATIONAL ELEMENT 8,836.92
OFFICE OF THE ATTORNEY GENERAL 140.76
OMEGA ENGINEERING INC 237.75
PARAMOUNT UNIFORM RENTAL 3,163.11
PAT WALKER PETTY CASH 899.56
PAYROLL (INCLUDES CORP DISBURSEMENTS) 614,053.53
PENNSYLVANIA STATE CHILD SUPPORT 669.25
TOOL PRODUCTS, INC. (JACKSON) CASE NO. 04-67610
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
PERSONNEL MANAGEMENT INC 40,003.43
POWERTECH HYDRAULICS 1,023.00
PRAB CONVEYORS INC 50.00
PRECISION MACH PRODUCTS 77,423.65
PRINCE MACHINE 6,539.53
PROVIDENT LIFE 166.46
PYROTEK, INC. 44,136.44
RAMON AYALA DELGADO 2,506.65
REGIONAL HOSPITAL OCC-MED 1,540.00
RIMROCK CORP 49,920.80
ROTO ROOTER SERVICES CO 1,212.95
S&M LAWRENCE 5,244.18
SCOTT BLEEKS 6,032.55
SHEFFIELD MACHINE FOUNDRY 2,560.00
SHERRY CHURCH 48.16
SIDNEY DAVID FLORIST & GIFT 63.66
SPECTRO ALLOYS CORP 109,308.00
SPECTRUM FINISHING 13,088.12
SPRINT 364.91
STATE OF TENNESSEE 362.50
STERLING INC 154.30
STRIKO DYNARAD CORPORATION 1,390.26
SUPERIOR FIRE PROTECTION 225.00
TEC ENVIRONMENTAL LABORATORIES 675.00
TENNANT 128.74
TENNESSEE CHILD SUPPORT 5,370.03
THE ROYAL GROUP 11,252.29
THOMAS MCKEOWN 79.71
TRANSMAN 53,927.00
UNITED SAW AND SUPPLY CO 136.00
VERIZON WIRELESS 514.59
WAYNE MORPHIS 279.86
WEST TENNESSEE COFFEE SERVICE 711.53
WILSON TOOL AND DIE, INC. 2,854.62
ZYP COATINGS INC. 1,029.00
--------------
$ 2,474,034.12
TOOL PRODUCTS, INC.
CASE NO. 04-67610
AT 6/30/05
JACKSON - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 226,859.08
Misc Reconciling Items
Adjusted in July (196.00)
------------
226,663.08
Unadjusted GL Balance 226,663.08
------------
Difference $ -
============
JACKSON
OUTSTANDING CHECKS
CASE NO. 04-67610
DATE CHECK OUTSTANDING
5/19/2005 23017 $ 154.74
6/2/2005 23115 93.00
6/16/2005 23243 64.20
6/16/2005 23245 93.00
6/23/2005 23289 10,750.00
6/23/2005 23291 1,947.88
6/23/2005 23292 12,100.70
6/23/2005 23294 1,002.08
6/23/2005 23295 23.15
6/23/2005 23296 382.23
6/23/2005 23300 47.20
6/23/2005 23308 82.31
6/23/2005 23320 8,077.54
6/23/2005 23332 648.32
6/23/2005 23333 1,540.00
6/23/2005 23335 2,230.56
6/23/2005 23339 128.74
6/23/2005 23340 355.06
6/27/2005 23343 1,132.84
6/27/2005 23344 95.00
6/27/2005 23345 457.28
6/27/2005 23346 91.85
6/27/2005 23347 73.71
6/27/2005 23348 133.85
6/27/2005 23350 70.38
6/30/2005 23351 674.39
6/30/2005 23352 179.01
6/30/2005 23353 180.00
6/30/2005 23354 843.15
6/30/2005 23355 606.27
6/30/2005 23357 34.45
6/30/2005 23358 1,370.00
6/30/2005 23359 164.63
6/30/2005 23360 1,662.19
6/30/2005 23361 691.48
6/30/2005 23362 1,129.48
6/30/2005 23363 6,309.95
6/30/2005 23364 249.00
6/30/2005 23365 95.00
6/30/2005 23366 9,180.00
6/30/2005 23367 98.88
6/30/2005 23368 1,883.92
6/30/2005 23369 243.77
6/30/2005 23371 2,803.78
6/30/2005 23372 508.61
6/30/2005 23373 468.33
6/30/2005 23377 9,053.84
6/30/2005 23379 20.00
6/30/2005 23380 210.00
6/30/2005 23381 3,154.04
6/30/2005 23382 177.44
6/30/2005 23383 140.00
6/30/2005 23384 17,506.05
6/30/2005 23385 91.85
6/30/2005 23386 73.71
6/30/2005 23387 119.52
6/30/2005 23388 79.71
6/30/2005 23389 201.73
6/30/2005 23390 289.92
6/30/2005 23391 41,961.60
6/30/2005 23392 133.85
6/30/2005 23393 8,202.77
6/30/2005 23394 899.56
6/30/2005 23403 19,153.63
6/30/2005 23404 1,339.39
6/30/2005 23405 46,420.80
6/30/2005 23406 1,212.95
6/30/2005 23407 4,097.72
6/30/2005 23408 1,096.71
6/30/2005 23409 70.38
$ 226,859.08
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS: MONTHLY CASH STATEMENT
MONTH ENDED 6/30/2005
CASE # 04-67610
TOOL PRODUCTS - MINNEAPOLIS
----------------------------------------
ACCOUNT TYPE LOCKBOX AP PR
ACCOUNT # 5402699416 2770721773 2770721781
BANK Stan Fed Stan Fed Stan Fed
BEGINNING BANK BALANCE - - -
RECEIPTS 3,966,347 - -
TRANSFERS IN (CORPORATE) - 1,644,534 970,164
DIP INFLOW - - -
DISBURSEMENTS - (1,644,534) (970,164)
TRANSFERS OUT (CORPORATE) (3,966,347) - -
DIP REPAYMENT - - -
---------- ------------- --------
ENDING BANK BALANCE - - -
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 884,530
CHECKS ISSUED 1,592,383
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 1,084,851
CORPORATE DEBIT MEMOS 855
-------------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 3,562,620
=============
OUTSTANDING CHECKS AS OF MAY 31 248,030
VOIDED CHECKS OUTSTANDING AS OF MAY 31 (2,064)
CHECKS ISSUED DURING JUNE 1,592,383
CHECK CLEARED DURING JUNE (1,550,848) Excludes $ 96,686 of Putnam ACH's.
-------------
OUTSTANDING CHECKS AS OF JUNE 30 (SEE OUTSTANDING CHECKLIST) $ 287,502
=============
TOOL PRODUCTS, INC.(MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
- -------------------------------- -------------------
A&C METALS $ 1,132.95
A&K EQUIPMENT 163.40
ABRASIVE SPECIAL 21.52
ABRASIVE SPECIALIST 78.48
ACE INSURANCE 18.00
ADHESIVE LABEL 274.84
ADVANCED INSP 420.00
ADVANCED INSP SERV 380.00
ADVANTAGE ENG 192.60
AIR POWER EQUIPT 136.98
AIRTEC 488.21
AIRTEC 212.69
AIRTEC 135.08
ALERT FIRE & SAFETY 137.99
ARDENT PARTNERS 6,249.43
ARDENT PARTNERS 185.19
ARROW CRYOGENICS 17,041.10
ARROW CRYOGENICS 7,275.29
ARROW CRYOGENICS 12,540.22
ARROW CRYOGENICS 24,432.96
ARROW CRYOGENICS 19,016.11
AT&T 201.16
AUTOMATED CONVEY 9,868.97
AUTOMATED EDM 592.00
AUTOMATED EDM 2,774.00
AUTOMATED FINISHING 825.00
AUTOMATION INC 283.65
AUTOMATION SENSORS 455.43
AVTEC FINISHING 47.60
AVTEC FINISHING 40.00
AVTEC FINISHING SYS 53.62
BANN FORMS 165.77
BATTERIES PLUS 11.07
BEANO'S ON-SITE 5,000.00
BEAR ROCK CAFE 147.20
BERNE SCALE 115.50
BFI 676.25
BILL THONI 486.69
BOHLER UDDEHOLM 2,274.10
BORDER STATES ELECT 2,853.05
BOYER FORD 822.56
BRAAS 668.38
BRAAS COMPANY 277.43
BRACH MACHINE 3,012.53
BRADLEY GROUP 443.93
BUHLER 1,976.58
BUHLER 73.13
BUHLER 262.99
BUHLER 324.26
BUHLER 980.45
CADD/ENGINEERING 91.59
CARBON PRODUCT 752.76
CASTOOL 1,295.00
CENTERPOINT ENERGY 54,235.37
CENTRAL CONTAINER 10,713.64
CENTRAL CONTAINER 10,477.80
CENTRAL CONTAINER 11,676.60
CENTRAL CONTAINER 3,947.28
CENTRAL CONTAINER 12,722.91
CENTURY SUN METAL 137.22
CERTIFIED POWER 51.58
CERTIFIED POWER 725.30
CHECKER MACHINE 6,680.00
CHECKER MACHINE 13,360.00
CHEM TREND 6,712.75
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
- -------------------------------- -------------------
CHEM TREND 5,456.00
CHEM TREND 5,456.00
CHEM TREND 14,956.00
CHEM TREND 2,795.69
CITY OF NEW HOPE 5,489.07
CMW 9,660.49
CMW 949.99
COLLIN MILLER 86.25
CONCEPT MACHINE 140.30
CONCEPT MACHINE 50.97
CROWLEY & ASSOCIAT 3,739.87
CRYSTAL DIE & MOLD 7,940.00
CRYSTAL DIE & MOLD 7,940.00
DADANT & SONS 358.90
DADANT & SONS 179.44
DALCO ENTERPRISES 408.10
DALCO ENTERPRISES 122.33
DAVID OLSON SALES 283.90
DECO TOOL 3,266.68
DECO TOOL 209.64
DECO TOOL SUPPLY 1,157.68
DECO TOOL SUPPLY 1,672.76
DECO TOOL SUPPLY 786.73
DEEP ROCK WATER 140.58
DEPT OF SOC SERV 37.61
DEPT OF SOC SERV 37.61
DEPT OF SOC SERV 37.61
DEPT OF SOC SERV 37.61
DEPT OF SOCIAL SERV 37.61
DIEMER ASSOCIATES 17,169.37
DME 36.16
DME 1,941.88
DME 238.34
DOMS 276.51
DOODY MECHANICAL 1,095.00
DOUGHERTY'S LAWN 1,377.85
DOUGHERTY'S LAWN 89.56
DUNCAN 136.64
DUNCAN CO. 147.88
DUNCAN COMPANY 517.08
DUNCAN COMPANY 56.43
DUNCAN COMPANY 204.25
DWAYNE VOSS 199.71
DWAYNE VOSS 315.48
DWAYNE VOSS 934.05
DWAYNE VOSS 108.39
DYNAMEX 133.60
DYNAMEX 134.85
DYNAMEX 133.60
DYNAMEX 133.60
DYNAMEX 133.60
EDM SALES & SUP 259.25
EDM SALES & SUP 45.11
EDM SALES & SUPPLY 4,654.32
EDP ENGINEERING 5,983.82
EDP ENGINEERING 2,497.04
EDP ENGINEERING 2,129.75
EDP ENGINEERING 3,584.87
EDP ENGINEERING 2,231.22
EDP ENGINEERING 1,812.4
EDP ENGINEERING 8,335.09
EDP ENGINEERING 2,354.14
EDP ENGINEERING 2,574.24
EDP ENGINEERING 2,348.02
EDP ENGINEERING 3,267.28
EDP ENGINEERING 1,720.62
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
- -------------------------------- -------------------
EDP ENGINEERING 1,240.38
EDP ENGINEERING 2,006.64
EDP ENGINEERING 2,104.93
EDP ENGINEERING 6,01.02
EDP ENGINEERING 887.04
EDP ENGINEERING 4,360.5
ELVIN SAFETY SUPPLY 127.82
EMPLOYERS ASSOC. 782.58
EMPLOYERS ASSOC. 782.58
ENGINEERED PROD 37,862.83
ENTEGEE 2,915.00
ENTEGEE 2,811.65
ENTEGEE 3,180.00
ENTEGEE 2,093.50
ENTEGEE 2,175.65
ESI NORTH AMERICA 9,850.00
EXCEL 414.82
FAM SUP PAY CENT 50.54
FAM SUP PAY CENT 50.54
FAM SUP PAY CTR 50.54
FAM SUP PAY CTR 50.54
FAM SUP PAY CTR 50.54
FASTENAL 2,307.45
FASTENAL 747.46
FASTENAL 6,386.54
FASTENAL 1,499.24
FERRELLGAS 1,252.28
FERRELLGAS 326.21
FERRELLGAS 392.59
FERRELLGAS 335.50
FERRELLGAS 270.46
FIFTH THIRD LEASING 188,576.76
FILTRA TECH SYSTEMS 34.73
FIREBRICK ENG 2,951.50
FIREBRICK ENGINEER 735.00
FIREBRICK ENGINEER 510.00
FIREBRICK ENGINEER 2,609.00
FLAME METALS 75.00
FOCUS DIE MOLD 1,500.00
FOUR SEASONS 299.99
FOUR SEASONS FLOR 88.02
FRANCI AMES 121.38
FRANCIS COMPANY 325.09
FREEDOM FINISHING 302.40
FRISBY 258.00
FRISBY 5,488.65
GE CAPITAL 1,517.55
GENERAL ELECTRIC 530.64
GENERAL ELECTRIC 30,275.91
GENERAL ELECTRIC 530.64
GERARD DUNNE 30.00
GERARD DUNNE 49.00
GERARD DUNNE 46.80
GLOBAL EXCHANGE 125.25
GRAINGER 861.60
GRAINGER 1,498.24
GRAINGER 754.29
GRAINGER 1,072.10
GRAINGER 142.98
H.R. PETERSON 447.35
HADLEY MACH 2,045.31
HALES MACHINE 2,463.73
HARTFIEL COMPANY 755.68
HARTFIEL COMPANY 90.90
HEGMAN MACHINE 353.68
HEX GRAPHICS 289.08
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
- -------------------------------- -------------------
HIGH CALIBER 2,632.50
HIGH CALIBER 2,182.50
HIGH CALIBER SERV 3,768.76
HIGH CALIBER SERV 4,348.13
HILL INDUSTRIAL TOOLS 491.87
HILL INDUSTRIAL TOOLS 1,587.59
HILL INDUSTRIAL TOOLS 25.09
HOLIDAY CREDIT 1,685.72
HOSE/CONVEYORS 798.93
IDRAPRINCE 1,190.00
IKON FINANCIAL 283.45
IKON FINANCIAL 2,875.49
IMPRINT ENTERPRISES 237.13
INDUSTRIAL FLOOR 2,276.97
INDUSTRIAL HYD SERV 5,198.38
INDUSTRIAL HYD SRV 256.40
INDUSTRIAL HYDRAULIC 2,686.99
INDUSTRIAL HYDRUALIC 217.47
INDUSTRIAL SUPPLY 698.14
INFORMATION HANDLING 763.77
INTEGRA 1,459.12
INTERCIM 1,936.17
INT'L SURFACE PREP 142.99
INT'L SURFACE PREP 75.65
IRON AGE PROTECTIVE 283.35
ITW VORTEC 218.05
J & W INSTRUMENT 1,362.00
J & W INSTRUMENT 1,730.39
J & W INSTRUMENTS 140.63
JAMES TROUT MACH 1,656.00
JEFF BRANDT 103.15
JEFF JOHNSON 199.31
JESCO INDUSTRIAL 213.64
JESCO INDUSTRIAL 186.91
JESCO INDUSTRIAL 239.94
JESKA TECHNICAL 600.00
JESKA TECHNICAL 425.00
JOHN HENRY FOSTER 107.51
JOHN HENRY FOSTER 38.15
JON STAEBLER 96.29
KAYLA ROSS 594.75
KENNAMETAL 891.32
KENNAMETAL 474.30
KILLMER ELECTRIC 7,762.00
KILLMER ELECTRIC 1,777.18
KIRSTEN MULARKY 400.00
KOLLY B. BOAYUE 314.16
L & S ELECTRIC 742.59
LAKELAND 36.78
LAKEVIEW POLISHING 1,162.40
LBP MECHANICAL 2,479.28
LEEF BROS 1,873.39
LEEF BROS 1,820.20
LEEF BROS 1,849.01
LEEF BROS. 1,596.13
LEEF BROS. 2,140.28
LEHIGH SAFETY SHOE 415.85
LEON MATUSHAK 177.87
LOFTON LABEL 428.50
LOFTON LABEL 428.50
LUBE TECH 836.50
LUBE TECH 632.08
LUBE TECH 2,658.60
LUBE TECH 248.00
LYN HELLAND 818.31
MACHINE TOOL 290.16
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
- -------------------------------- -------------------
MACHINE TOOL 199.75
MACHINE TOOL SUP 197.85
MACHINE TOOL SUP 213.01
MAGNATAG 22.44
MAGNA-TECH 948.78
MAGNA-TECH 703.32
MAGNA-TECH 677.28
MAGNA-TECH 531.96
MAGNA-TECH 329.52
MARK FOWLKES 280.60
MARODI 770.53
MARS 108.82
MATT HANKEN 199.38
MATT HANKEN 232.12
MAZAK 1,338.38
MCMASTER CARR 735.81
MCMASTER CARR 1,897.67
MCMASTER CARR 1,139.62
MCMASTER CARR SUP 1144.90
METAL MACHANICS 146.97
METAL TREATERS 83.45
METAL TREATERS 770.25
METAL TREATERS 2,279.50
METALMATIC 27,907.89
METALMATIC 9,333.08
METALMATIC 12,932.00
METRO COUNCIL ENV 675.00
MICHAEL DAHLEN 85.00
MICRO-WELD 408.00
MICRO-WELD 190.00
MICRO-WELD 110.00
MIDWEST MACHINE 1,026.61
MIDWEST MACHINE 745.27
MIDWEST MACHINE 85.20
MIDWEST MACHINE 334.21
MIDWEST MACHINE 850.85
MINNESOTA EQUIPT 640.45
MINNESOTA GLOVE 96.46
MINNESOTA GLOVE 97.02
MN BEARING 109.74
MN CHILD SUP PAY 1,963.21
MN CHILD SUP PAY 2,017.81
MN CHILD SUP PAY 3,230.96
MN CHILD SUPPORT 1,963.21
MN CHILD SUPPORT 3,230.96
MN DEPT OF REV 199.47
MN DEPT OF REV 126.38
MN DEPT OF REV 444.79
MN DEPT OF REV 254.29
MN REVENUE 126.38
MOBILE LOCK & SAFE 166.07
MOTOROLA 500.00
NANCY MICKELSON 73.87
NETWORK DESIGN 3,400.00
NEW DIMENSION 748.80
NEW DIMENSION 994.80
NEW DIMENSION 1,093.20
NEW DIMENSION 1,563.60
NORANDA 148,940.83
NORMAN EQUIPMENT 156.46
NORTH SECOND 231.72
NORTH STAR IMAGING 920.00
NORTH STAR IMAGING 50.00
NORTHERN SANITARY 593.95
NORTHERN SANITARY 62.30
NORTHERN SANITARY 278.18
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
- -------------------------------- -------------------
NOTT COMPANY 212.67
NOTT COMPANY 454.18
NOTT COMPANY 278.59
OCCUPATIONAL MED 255.00
OCCUPATIONAL MED 127.50
OLSON GENERAL CON 3,163.00
OSI ENVIRONMENTAL 7,182.09
OSI ENVIRONMENTAL 5,645.46
PAM'S POLISHING 3,240.00
PAM'S POLISHING 960.00
PAM'S POLISHING 2,160.00
PAUL KARNOWSKI 35.00
PAYROLL (INCLUDES CORP DISBURSEMENTS) 1,084,850.88
PERSONNEL RES. 144.00
PERSONNEL RESEARCH 110.00
PETTY CASH - VOID -
PFC 165.20
PHYGEN 2,067.91
PIONEER METAL 14,360.94
PIONEER METAL 8,581.29
PIONEER METAL FIN 1,453.44
PIONEER METAL FIN 1,198.80
PIRTEK PLYMOUTH 141.92
PIRTEK PLYMOUTH 301.77
POWDER TECH 912.30
POWDER TECH 423.36
POWDER TECH 1,734.46
POWDER TECH 691.34
POWDER TECH 610.04
POWER/MATION 110.85
PRECISION POLISHING 4,004.00
PRECISION POLISHING 1,456.00
PRECISION POLISHING 2,080.00
PRECISION POLISHING 988.00
PRECISION POLISHING 780.00
PRECISION SAW 1,506.39
PRECISION TOOL 1,320.00
PRECISION TOOL 354.35
PRO STAFF 918.00
PRO STAFF 2,616.30
PRO STAFF 918.00
PRO STAFF 918.00
PRODUCTIVITY 646.46
PRODUCTIVITY 609.40
PRODUCTIVITY QUALITY 791.77
PROGRESSIVE COMP 119.76
PROGRESSIVE COMP 583.70
PROGRESSIVE COMP 43.15
PROLIFT SERVICES 298.52
PROLIFT SERVICES 580.77
PROLIFT SERVICES 1,134.16
PROLIFT SERVICES 657.99
PROVIDENT LIFE 73.53
PYROTEK 491.24
PYROTEK 657.31
QUAD STEEL 199.50
QUAD STEEL 1,299.50
QUEST ENG 1,761.00
QUEST ENGINEERING 303.22
QUEST ENGINEERING 444.33
QUEST ENGINEERING 692.71
QUICKWAY RIGGING 2,323.68
QUICKWAY RIGGING 340.20
QUICKWAY RIGGING 6,985.94
QUICKWAY RIGGING 5,983.27
RAMCO PRODUCTS 1,464.38
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
- -------------------------------- -------------------
RAY DAY 1,286.72
RAY DAY 62.40
REID TOOL SUPPLY 11.04
REID TOOL SUPPLY 17.52
RELIASTAR BANKERS 1,300.76
RELIASTAR LIFE 5,260.80
RELIZON 93.90
REPLENEX 353.47
REPLENEX 50.09
RICE INDUSTRIES 307.98
RICE INDUSTRIES 1,338.25
RICE INDUSTRIES 1,521.99
RICE INDUSTRIES 1,566.53
RICHARD DAMMAR 52.16
RICK KRAMBER 70.92
RIMROCK 1,625.35
RIMROCK 462.94
RIMROCK 2,969.17
RIMROCK 1,220.38
RIMROCK 72,725.15
RIVER CITY PACKAGING 1,888.80
ROCHESTER TOOL 789.50
ROLAND CHRISTENSEN 2,890.00
ROSSO & SEIERSTAD 332.00
S & T OFFICE 755.19
S & T OFFICE PROD 27.68
S&T OFFICE 634.09
S&T OFFICE PRODUCTS 683.45
SAVOIE SUPPLY 2,533.95
SBC PAGING 44.76
SHAD NELSON 467.83
SIR SPEEDY 78.87
SKARNES 761.74
SOUTHCO 7,926.00
SPARTAN PROMOTION 80.14
SPECTRO 636,073.65
SPECTRUM FINISHING 266.56
SPECTRUM FINISHING 638.93
SPECTRUM FINISHING 180.34
SPECTRUM FINISHING 60.84
SPECTRUM INDUST 3,544.18
SPECTRUM INDUSTRIES 7,606.14
SPECTRUM INDUSTRIES 2,427.89
SPECTRUM INDUSTRIES 5,850.48
SPECTRUM INDUSTRIES 2,490.05
SPHERION 34,972.25
SPHERION 16,029.67
SPHERION 30,465.86
SPHERION 32,311.10
SPIROL INTERNATIONAL 334.10
SPRAYRITE 39,917.11
STAR TRIBUNE 783.56
STAR TRIBUNE 1,504.64
STATE MACHINE 6,619.89
STERLING 136.00
STORK-TWIN 586.04
STREET FLEET 24.71
STREET FLEET 14.57
STRIKO 940.78
STRIKO DYNARD 29,730.82
STRIKO DYNARD 26.47
STROM ENGINEERING 1,039.13
STROM ENGINEERING 1,048.69
STROM ENGINEERING 1,020.00
STROM ENGINEERING 1,220.81
STROM ENGINEERING 1,354.69
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
SUB-MEX 14,909.80
SUB-MEX 29,788.85
SUB-MEX 3,221.32
SUB-MEX 13,160.99
SUNSOURCE 59.19
SUNSOURCE 96.79
TEMPLE-INLAND 9,056.88
TEXTRON FASTENING 122.13
THOMAS ZAGAR 60.47
THOMAS ZAGER 158.69
TILSNER CARTON 4,422.85
TILSNER CARTON 3,895.00
TILSNER CARTON 1,346.25
TOLL COMPANY 1,030.04
TOLL COMPANY 496.73
TOLL COMPANY 560.42
TOLL COMPANY 343.40
TOOL FABRICATION 231.35
TOOLING ASSOCIATES 777.12
TOOLING ASSOCIATES 130.52
TOOLING SCIENCE 560.00
TOSHIBA MACHINE 715.68
TOSHIBA MACHINE 1,413.35
TOSHIBA MACHINE 365.30
TOYOTA-LIFT 310.33
TRANSMAN 59,598.81
TREASURY MANAGE 226.65
TULL BEARING 38.57
TULL BEARING 221.04
TULL BEARINGS 386.45
TULL BEARINGS 60.73
TULL BEARINGS 1,187.73
TWIN CITY OPTICAL 155.53
TWIN PINES METROLOGY 422.75
TYCO 112.83
UNITED ELECTRIC 1,695.41
UNITED ELECTRIC 3,072.61
UNITED ELECTRIC 562.83
UNITED ELECTRIC 1,543.45
UNITED ELECTRIC 1,175.96
UNUM LIFE 8,927.41
UNUM LIFE 1,248.80
US TREASURY 75.00
US TREASURY 75.00
US TREASURY 25.00
US TREASURY 75.00
US TREASURY 25.00
US TREASURY 75.00
US TREASURY 25.00
US TREASURY 175.00
US TREASURY 25.00
VERIZON WIRELESS 388.19
VIKING AUTOMATIC 356.00
VOICE & DATA 247.50
WALTER HAMMOND 427.70
WALTER HAMMOND 124.74
WALTER HAMMOND 6.79
WESTMAN SERVICE 880.00
WESTMAN SERVICE 880.00
WEYERHAUSER 40.00
WI SCTF 50.50
WI SCTF 50.50
WI SCTF 50.50
WI SCTF 50.50
WI SCTF 50.50
WIRE WORX 3,180.00
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
WIRE WORX 400.00
WIRE WORX 3,110.00
WIRE WORX 1,320.00
XCEL ENERGY 63,266.61
XCEL ENERGY 62,292.04
XTREME MACHINE 37,200.00
-------------------
$ 3,562,619.85
TOOL PRODUCTS, INC.
CASE NO. 04-67610
AT 6/30/05
MINNEAPOLIS - BANK RECONCILIATION
Bank Balance -
Actual Outstanding Checks $ 287,501.51
Miscellaneous Reconciling Items
Adjusted in July 573.71
------------
288,075.22
Unadjusted GL Balance 288,075.22
------------
Difference $ -
============
TOOL PRODUCTS, INC.
CASE NO.04-67610
MINNEAPOLIS
OUTSTANDING CHECK LIST
CASE NO. 04-67610
DATE CHECK OUTSTANDING DATE CHECK OUTSTANDING DATE CHECK OUTSTANDING
5/26/2005 500923 $ 192.32 6/30/2005 501524 88.02 6/30/2005 501593 60.47
5/26/2005 500945 174.08 6/30/2005 501525 530.64
5/31/2005 501025 671.63 6/30/2005 501526 142.98 $287,501.51
6/3/2005 501082 428.50 6/30/2005 501527 2,463.73
6/3/2005 501090 467.83 6/30/2005 501528 90.90
6/3/2005 501115 96.29 6/30/2005 501529 2,632.50
6/15/2005 501245 192.60 6/30/2005 501530 25.09
6/15/2005 501251 427.70 6/30/2005 501531 256.40
6/16/2005 501276 276.51 6/30/2005 501532 1,459.12
6/16/2005 501290 754.29 6/30/2005 501533 75.65
6/16/2005 501310 500.00 6/30/2005 501534 425.00
6/20/2005 501360 400.00 6/30/2005 501535 38.15
6/22/2005 501369 7,940.00 6/30/2005 501536 70.92
6/23/2005 501384 103.15 6/30/2005 501537 742.59
6/23/2005 501391 52.16 6/30/2005 501538 2,479.28
6/23/2005 501410 335.50 6/30/2005 501539 2,140.28
6/23/2005 501413 325.09 6/30/2005 501540 428.50
6/23/2005 501419 5,198.38 6/30/2005 501541 248.00
6/23/2005 501431 22.44 6/30/2005 501542 199.75
6/23/2005 501437 190.00 6/30/2005 501543 329.52
6/23/2005 501443 454.18 6/30/2005 501544 1,897.67
6/23/2005 501456 332.00 6/30/2005 501545 146.97
6/23/2005 501459 60.84 6/30/2005 501546 110.00
6/23/2005 501464 1,220.81 6/30/2005 501547 850.85
6/23/2005 501469 130.52 6/30/2005 501548 3,230.96
6/23/2005 501472 75.00 6/30/2005 501549 97.02
6/23/2005 501473 25.00 6/30/2005 501550 254.29
6/23/2005 501476 108.39 6/30/2005 501551 3,400.00
6/23/2005 501479 158.69 6/30/2005 501552 1,563.60
6/23/2005 501480 725.30 6/30/2005 501553 231.72
6/23/2005 501481 601.02 6/30/2005 501554 50.00
6/23/2005 501483 310.33 6/30/2005 501555 127.50
6/28/2005 501484 825.00 6/30/2005 501556 5,645.46
8/6/1900 501485 11.07 6/30/2005 501557 2,160.00
6/28/2005 501486 1,295.00 6/30/2005 501558 110.00
6/28/2005 501487 179.44 6/30/2005 501559 1,198.80
6/28/2005 501488 887.04 6/30/2005 501560 610.04
6/28/2005 501489 142.99 6/30/2005 501561 110.85
6/28/2005 501490 1,338.38 6/30/2005 501562 780.00
6/28/2005 501491 12,932.00 6/30/2005 501563 354.35
6/28/2005 501492 6.79 6/30/2005 501564 43.15
6/29/2005 501493 4,360.50 6/30/2005 501565 657.99
6/29/2005 501494 278.59 6/30/2005 501566 657.31
6/30/2005 501495 342.93 6/30/2005 501567 1,299.50
6/30/2005 501496 274.84 6/30/2005 501568 692.71
6/30/2005 501497 380.00 6/30/2005 501569 5,983.27
6/30/2005 501501 19,016.11 6/30/2005 501570 1,566.53
6/30/2005 501502 40.00 6/30/2005 501571 72,725.15
6/30/2005 501503 165.77 6/30/2005 501572 27.68
6/30/2005 501504 3,012.53 6/30/2005 501573 78.87
6/30/2005 501505 324.26 6/30/2005 501574 761.74
6/30/2005 501506 12,722.91 6/30/2005 501575 3,544.18
6/30/2005 501507 2,795.69 6/30/2005 501576 32,311.10
6/30/2005 501508 7,940.00 6/30/2005 501577 1,504.64
6/30/2005 501509 209.64 6/30/2005 501578 6,619.89
6/30/2005 501510 37.61 6/30/2005 501579 586.04
6/30/2005 501511 1,095.00 6/30/2005 501580 26.47
6/30/2005 501512 204.25 6/30/2005 501581 1,354.69
6/30/2005 501513 46.80 6/30/2005 501582 13,160.99
6/30/2005 501514 133.60 6/30/2005 501583 122.13
6/30/2005 501515 45.11 6/30/2005 501584 1,346.25
6/30/2005 501516 127.82 6/30/2005 501585 343.40
6/30/2005 501517 782.58 6/30/2005 501586 560.00
6/30/2005 501518 2,175.65 6/30/2005 501587 221.04
6/30/2005 501519 50.54 6/30/2005 501588 1,175.96
6/30/2005 501520 270.46 6/30/2005 501589 175.00
6/30/2005 501521 34.73 6/30/2005 501590 25.00
6/30/2005 501522 2,951.50 6/30/2005 501591 135.08
6/30/2005 501523 1,500.00 6/30/2005 501592 50.50
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JUNE 30, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: TOOL PRODUCTS, INC. Capacity: ___ Shareholder
Case Number: 04-67610 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $0
Dated: JULY 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 JUNE 30, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67614
) Chapter 11
) Judge: Marci B. McIvor
WAGNER CASTINGS CO. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: JULY 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 6-30-05
($000's)
CASE #04-67614
WAGNER
CASTINGS
----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 4,420 47,607
Cost of Goods Sold
Materials and Freight 619 10,141
Wages - Hourly 743 6,711
Wages-Salary 306 3,207
Employee Benefits and Pension 939 10,797
Repairs & Maintenance 190 2,194
Supplies 321 2,562
Utilities 337 3,609
Purchased Components/Services 873 7,218
Income(loss) from Pattern Sales (2) (85)
Fixed Asset - (gain/loss) - (83)
MIS Expense 48 397
Travel & Entertainment 2 27
Other Variable Costs (262) 466
Depreciation & Amortization 175 2,021
Other Allocated Fixed Costs - (5)
Other Fixed Costs 179 1,485
------ -------
Cost of Goods Sold 4,468 50,662
Gross Profit (48) (3,055)
Plant SG&A Expense 10 160
SG&A Expense - Allocation (Sched 1) 191 1,677
Other Operating Expenses 3,045 3,986
------ -------
Total Operating Expenses 3,246 5,823
Operating Profit (3,294) (8,878)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (134) (839)
Charges (From) Affiliates - -
Charges To Affiliates - -
Income/Loss From European Operations - -
Other Income/(Expense) - (2)
------ -------
Total Non-Operating Expenses (134) (841)
Income Before Income Taxes (3,428) (9,719)
Income Tax Expense - -
------ -------
Net Income (3,428) (9,719)
====== =======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs June
(Allocation of Corporate Costs to Filing Entities)
(000's)
June
-------
Officer Compensation $ 189
Salary Expense other Employees 892
Employee Benefits and Pension 107
Payroll Taxes 53
Other Taxes 0
Rent and Lease Expense 212
Interest Expense
Insurance 63
Automobile and Truck Expense 11
Utilities(Gas Electric,Phone) 43
Depreciation 86
Travel and Entertainment 114
Repairs and Maintenance 98
Advertising/Promotion 10
Supplies, Office Expense 42
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 28
Public Reporting Fees 15
Employee Relocation/Training 17
Data Processing 27
Dues and Subscriptions 15
Outside Services 92
Project Development Costs net of Billings (32)
Director Fees 25
Miscellaneous 5
Legal Fees 10
Cost Allocation - Europe (78)
Cost Allocation - Out (254)
-------
$ 2,143
=======
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 490
-------
Total $ 2,143
=======
Intermet Corp and Subsidiaries
Balance Sheet as of 06-30-05
($000's)
CASE #04-67614
--------------
WAGNER
CASTINGS
--------------
Cash And Equivalents $ -
Accounts Receivable 8,249
Short-Term Intercompany Receivables 15
Inventories 6,009
Other Current Assets 75
--------
TOTAL CURRENT ASSETS 14,348
Land and Buildings 2,412
Machinery & Equipment 57,427
Construction In Progress 782
--------
Total Fixed Assets 60,621
Accumulated Depreciation (52,868)
--------
NET FIXED ASSETS 7,753
Investment In Subsidiaries -
Investment In European Operations -
Long-Term Intercompany Receivables -
Deferred Taxes, Long-Term Asset -
Other Assets 130
--------
TOTAL ASSETS $ 22,231
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 1,206
Wages and Salaries (See schedule) 498
Taxes Payable - (See schedule) 63
--------
TOTAL POST PETITION LIABILITIES 1,767
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. 1,154
Accrued Payroll 13
Accrued Payroll Taxes -
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 1,202
UNSECURED LIABILITIES
Accounts Payable 6,291
Senior & IDR Bonds -
--------
TOTAL UNSECURED LIABILITIES 6,291
OTHER LIABILITIES
Accrued Liabilities 1,459
Short-Term Intercompany Payables 11
Retirement Benefits 630
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities -
Long-Term Intercompany Payables 3,845
Minority Interest -
--------
TOTAL LIABILITIES 15,205
Common Stock -
Capital In Excess Of Par Value 17,027
Retained Earnings - Prepetition (282)
Retained Earnings - Post Petition (9,719)
Equity In European Operations
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
--------
TOTAL SHAREHOLDER EQUITY 7,026
--------
TOTAL LIABILITIES AND EQUITY $ 22,231
========
PERIOD ENDED: 06-30-05 WAGNER CASTINGS COMPANY (DECATUR) CASE #04-67614
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
05-30-05 Withheld Deposits 06-30-05
----------- ----------- ----------- -----------
Income tax withheld: Federal ($ 37,229) ($ 284,866) $ 322,095 $ 0
Income tax withheld: State (8,698) (52,855) 61,554 0
Income tax withheld: Local 0 0 0 0
FICA Withheld (36,287) (290,649) 326,369 (567)
Employers FICA (14,004) 0 0 (14,004)
Unemployment Tax: Federal (45) (368) 331 (82)
Unemployment Tax: State (2,338) (14,273) 14,363 (2,248)
All Other Payroll W/H (25,064) (83,614) 101,111 (7,568)
State Taxes: Inc./Sales/Use/Excise (0) 0 (4) (4)
Property Taxes (47,829) (6,000) 22,371 (31,458)
Workers Compensation 44,805 (52,479) 527 (7,147)
----------- ----------- ----------- -----------
Total ($ 126,689) ($ 785,105) $ 848,716 ($ 63,078)
Wages and Salaries (616,812) (1,308,425) 1,427,614 (497,624)
----------- ----------- ----------- -----------
Grand Total ($ 743,501) ($2,093,530) $ 2,276,330 ($ 560,701)
=========== =========== =========== ===========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days Total 0-30 Days 30-60 Days Over 60 Days
Accounts Payable - Post Petition $1,206,038 1,125,899 80,138
Accounts Receivable -Pre & Post $9,893,798 7,396,852 1,026,712 1,470,233
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 6/30/2005
MONTHLY CASH STATEMENT
CASE # 04-67614
WAGNER CASTINGS (DECATUR)
-------------------------
ACCOUNT TYPE LOCKBOX 771149 DEPOSIT AP CHECKING PR (HOURLY) PR (SALARY)
ACCOUNT # 256543 5401086433 2770716518 35223301 2770716500 2770716666
BANK Bank One Stan. Fed. Stan. Fed. First Bank Stan. Fed. Stan. Fed.
BEGINNING BANK BALANCE - - - 30,489 - -
RECEIPTS - 5,542,458 - - - -
TRANSFERS IN (CORPORATE) - - 1,825,141 - 774,370 6,390
DIP INFLOW - - - - - -
DISBURSEMENTS - - (1,825,141) - (774,370) (6,390)
TRANSFERS OUT (CORPORATE) - (5,542,458) - (30,489) - -
DIP REPAYMENT - - - - - -
--- ---------- ----------- ---------- ---------- ----------
ENDING BANK BALANCE - - - - - -
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 1,370,398
CHECKS ISSUED 1,779,020
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 2,142,361
CORPORATE DEBIT MEMOS 1,070
-----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 5,292,849
===========
OUTSTANDING CHECKS AS OF MAY 31 352,032
VOIDED CHECKS OUTSTANDING AS OF MAY 31 (16,066)
CHECKS ISSUED DURING JUNE 1,779,020
CHECK CLEARED DURING JUNE (1,825,141)
-----------
OUTSTANDING CHECKS AS OF JUNE 30 (SEE OUTSTANDING CHECKLIST) $ 289,845
===========
WAGNER CASTINGS, INC. CASE NO. 04-67614
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------- -------------------
300 BELOW $ 75.00
A D BROOKS 440.00
ABB INC 4,825.25
ACCU-SORT INC 270.00
ADA JACKSON 440.00
ADECCO 2,718.00
AETNA US HEALTHCARE 18,215.06
AIR LIQUIED INDUSTRIAL US LP 5,386.80
AIRWELD INC 216.00
ALLIED ELECTRONICS INC 221.45
AMERENIP 247,638.60
AMERICASH LOANS LLC 444.91
ARAMARK UNIFORM SERVICES INC 4,655.80
ARCH WIRELESS 866.34
ARCHIE JOHNSON 440.00
ARTHUR G BYRNE CO INC 3,460.67
AT&T 52.42
AT&T 2,552.84
BARBARA LEE 440.00
BARR & BARR 68.00
BEARING DISTRIBUTORS INC 22,102.03
BEAU BLAKEMAN 81.31
BENTONITE PERFORMANCE MINERALS 117,917.80
BENTONITE PERFORMANCE MINERALS (5,917.80)
BETTY HAMILTON 440.00
BILL BRUMETT 636.38
BKD LLP 8,500.00
BLACK & CO #11 5,955.43
BOB WATSON 67.88
BODINE ELECTRIC OF DECATUR 420.00
BODINE ENVIRONMENTAL SERVICE 2,900.90
BODINE SERVICES INC 426.16
BOULEVARD PROPERTIES LLC 856.25
BOWMAN HEINTZ BOSCIA & VICIAN 32.90
BUEL COLE 440.00
BURDICK PLUMBING INC 581.61
BUSCHE ENTERPRISE DIVN INC 280,331.31
C C FIRE EQUIPMENT CO INC 1,631.60
CANFIELD & JOSEPH INC 4,395.47
CAPITAL CITY PAPER CO 469.63
CARCO INC 320.00
CARLIN AUTOMATION INC 732.00
CC METALS AND ALLOYS INC 21,584.04
CENTRAL STEEL & WIRE CO 393.12
CHAMPION CHISEL WORKS INC 2,640.12
CHARLES BEDFORD OD/DEC EYECARE 344.16
CHARLES GRAVES 5,750.00
CHRIS INCORPORATED 1,000.00
CITY OF DECATUR 12,105.06
CLIMATE CONTROL 75,521.12
COMPUWARE 165.00
CONNOR CO 2,195.78
CONTINENTAL CARBONIC PROD INC 512.34
CORN BELT FS INC 12,253.82
CREDITORS SERVICE BUREAU 431.35
CRI RECYCLING 759.00
CULLIGAN WATER SYSTEMS 65.00
D WAYNE COLLINS 280.00
DAMON LEE 440.00
DAUBER COMPANY 44,150.40
DAVID RIGHTNOWAR 440.00
DCD TRANSPORTATION INC 590.20
DE LAGE LANDEN FIN SERVICES 1,965.00
DECATUR AWARD & SCREEN PRNTNG 60.00
DECATUR EMERG MEDICAL SERV 266.00
DECATUR MEMORIAL HOSPITAL 1,054.00
DHL EXPRESS 41.06
DISA GOFF INC 1,301.50
DISA INDUSTRIES INC 14,731.80
DOLLARS TODAY 615.46
DONNELLY AUTOMOTIVE MACH INC 1,055.58
DORSEY PIRTLE 440.00
ELECTRO-NITE CO 10,660.00
ELKEM METALS INC 22,155.00
ELKEM METALS INC 45,892.50
ELLIOTT CANTEEN SERVICES 500.00
WAGNER CASTINGS, INC. CASE NO. 04-67614
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------- -------------------
ENBRIDGE GAS SERVICES (5,448.38)
ENBRIDGE GAS SERVICES 37,673.04
ENPRO INC 1,677.00
ENTERPRISE GROUP 1,317.06
FACTUAL PHOTO 600.00
FAIRMONT MINERALS (559.90)
FAIRMONT MINERALS 6,301.15
FAMILY SUPPORT PAYMENT CENTER 297.08
FIVE MORRS 338.06
FOSECO INC 5,028.48
FRANK REED 440.00
FRISBY PMC 211,981.50
G E CAPITAL 2,017.49
G G BARNETT TRANSPORT INC 3,275.78
GE CAPITAL 642.02
GENERAL KINEMATICS CORP 450.00
GERDAU AMERISTEEL 9,625.99
GLENN ZILLS 640.00
GRAINGER INC 1,057.28
GULLY TRANSPORTATION 8,009.41
HA INTERNATIONAL LLC (10,018.80)
HA INTERNATIONAL LLC 20,037.60
HAGERTY BROTHERS CO 6,942.02
HARBOR FREIGHT TOOLS 580.55
HARRY BOND 440.00
HARRY E HILLS & ASSOC 4,334.00
HAWTHORN IND/JAMES J MAY 194.19
HILLS SPORTS MEDICINE 1,212.00
HI-TEMP INC 17,756.19
HOLTGRIEVE & CO 8,263.26
HTE TECH 573.32
ILL STUDENT ASSISTANCE COMM 169.21
ILLINOIS DEPT OF REVENUE 8.00
ILLINOIS ENVIRONMENTAL 500.00
INDUSTRIAL PROCESS EQUIPMENT 357.09
INFORMATION HANDLING 763.77
INTERMEC TECHNOLOGIES CORP 2,964.48
INTERNAL REVENUE SERVICE 470.00
IVORY CURRY 440.00
J C JELKS 440.00
J W ASSOCIATES INC 309.55
J.D. FINLEY 440.00
JAMES GAVIN 440.00
JAMES GREEN 440.00
JAMES JONES 836.45
JAMES REED 440.00
JERRY SHERWOOD 440.00
JMS HAND ASSOCIATES S.C. 570.00
JOHN C KEFALAS MDSC 513.90
JOHN H GERMERAAD - TRUSTEE 2,188.50
JOHN HENRY FOSTER CO 379.71
JOHN MULLINS AND 6,338.56
JOHN SHAW 285.90
KANSAS PAYMENT CENTER 276.92
KELLY CONSTRUCTION 30,144.00
KENNETH E PRATT AND 10,000.00
KENT RUDBECK 313.83
KFA CAL/KURT & KATHY FINNIE 1,200.00
KING-LAR CO 5,176.57
KIRBY RISK CORP 3,364.91
L & N INDUSTRIES INC 7,314.45
LAKELAND ENGINEERING EQUIP 149.21
LAND OF LINCOLN CREDIT UNION 60,573.10
LARPEN METALLURGICAL SERVICE 68,656.00
LARRY BONNELL 440.00
LARRY HAYES 440.00
LARRY TURPIN AND 5,000.00
LEVOY REED 440.00
LINCO REFRACTORY SUPPLY INC 12,145.20
LOCAL #6-728 PACE 6,175.40
LOUIS THOMAS 440.00
LYNN ZASADA 440.00
M H EQUIPMENT 223.42
M H EQUIPMENT CORP 95.53
MAC EQUIPMENT INC 9,600.00
MACIOROWSKI SACKMANN & ULRICH 9,989.82
MACON COUNTY COLLECTOR 22,370.62
WAGNER CASTINGS, INC. CASE NO. 04-67614
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------- -------------------
MARTIN BROS CONTAINER & 15,393.60
MARTIN BRUMETT 2,035.48
MARVIN BRANDT 440.00
MARVIN KELLER TRUCKING 400.00
MCMASTER-CARR SUPPLY CO 348.53
METOKOTE CORP 17,871.31
MICRO TEK PATTERN INC 7,150.00
MIDSTATE CORE CO 1,073.77
MIDWEST CREDIT & COLLECTION 914.20
MORGAN DISTRIBUTING INC 12,773.31
MORGAN EXPRESS INC 56,276.55
MOTION INDUSTRIES INC 616.46
NATIONAL CITY 78.15
NATIONAL CITY BANK 19,229.92
NATIONAL CITY BANK OF MI/IL 1,556.25
NOBLE SALES INC 3,548.29
OMNISOURCE FT WAYNE FERR DIV 883,300.49
OMNISOURCE FT WAYNE FERR DIV 20,433.36
ONYX WASTE SERVICES MIDWEST 41,101.79
PAUL ALTHOFF 280.91
PAYROLL (INCLUDES CORP DISBURSEMENTS) 2,142,360.69
PEERLESS METAL POWDERS 22,220.00
PERFECT WINDOW CLEANERS 670.68
PETTY CASH 700.00
PHILLIP DANNEWITZ 440.00
PRAIRIE IDEALEASE 1,448.60
PRAIRIE INTL TRUCKS INC 58.25
PRIMETRADE 166,787.82
PRIMETRADE 4,273.90
PROCESS EQUIPMENT & CONTROLS 1,908.52
PROVIDENT LIFE 88.54
QUALITY TEAM 1 400.20
R D MCMILLEN ENTERPRISES 556.46
RADIOLOGICAL ASN OF DECATUR 34.00
RDN LLC 1,200.00
REFRACTORY SALES & SRV CO INC 10,642.00
REGIONS MORGAN KEEGAN TRUST 5,300.00
RENEE HADDEN 250.00
RENTAL SERVICE CORP 3,065.65
RICHARD COLE 440.00
RICK WALLACE 876.39
ROBERT LOWRY 440.00
ROBERTS SINTO CORP 629.15
ROLAND MABRY 440.00
RYAN EQUIPMENT & SUPPLY 96.61
S J SMITH WELDING SUPPLY 8,923.28
SAFETY SHOE DISTRIBUTORS 291.57
SAFETY-KLEEN CORP 3,533.37
SAFEWORKS 638.86
SAFEWORKS-COLES COUNTY 254.15
SAFEWORKS-IL OF COLES COUNTY 1,824.30
SBC 1,467.89
SBC GLOBAL SERVICES INC 3,996.40
SECURITAS SEC SVCS USA INC 8,277.92
SETH WISEMAN 301.20
SHAWS CATERING SERVICE 582.89
SHERMAN BAINE 440.00
SHERRI GRIMES 3,000.00
SIMPSON TECHNOLOGIES 5,783.00
SLIGO STEEL 380.50
SOURCE ONE SUPPLY CORP 117.67
SPRINGFIELD ELECTRIC 2,573.73
ST MARY'S HOSPITAL 405.60
STERICYCLE INC 115.28
STONE CONTAINER CORP 20,925.64
STRIGLOS OFFICE EQUIPMENT 1,226.75
STUART BAKER MD 2,691.00
SUNBELT RENTALS 4,231.50
THOMAS H BOWDRE 440.00
TORUS MACHINING 47,813.56
TRACY CAUSEY 71.68
TRANSMAN 45,969.21
TYDUS GREEN 440.00
U S DEPARTMENT OF EDUCATION 350.19
U S HARDWOOD PRODUCTS 25,787.04
UNITED WAY OF DEC & MID-IL 1,344.00
UNITHERM FURNACE CORP 891.00
WAGNER CASTINGS, INC. CASE NO. 04-67614
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------- -------------------
VERIZON WIRELESS 961.37
WALLENDER-DEDMAN PRINTING 453.00
WALZ EQUIPMENT 2,324.92
WASTE MANAGEMENT OF DECATUR 1,137.00
WATTS COPY SYSTEMS INC 515.12
WESTPORT CORP 571.26
WHEELABRATOR 5,076.32
WI SCTF 384.00
WILLIAM A KIBBE & ASSOC INC 1,845.00
WILLIAM O BEATTY 1,200.00
WILLIAM WALKER 440.00
WILLIE LEE GREEN 440.00
WORLD FINANCE CORP 130.00
X-R-I TESTING DIV 2,643.75
--------------
$ 5,292,848.65
DECATUR
CASE # 04-67614
AT 6/30/05
DECATUR - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 289,844.78
Actual Outstanding Payroll Checks 89,294.99
--------------
379,139.77
Unadjusted GL Balance 379,139.77
--------------
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
6/29/2005 119621 732.00
6/30/2005 119622 97.19
5/18/2005 121070 5,000.00
6/3/2005 121363 41.06
6/3/2005 121386 13,587.20
6/3/2005 121387 5,642.72
6/6/2005 121431 453.00
6/8/2005 121506 440.00
6/15/2005 121595 756.02
6/15/2005 121600 4,395.47
6/15/2005 121607 290.24
6/15/2005 121618 5,000.00
6/15/2005 121624 2,004.68
6/16/2005 121650 1,096.48
6/16/2005 121664 97.19
6/20/2005 121684 13,501.82
6/20/2005 121688 2,000.00
6/22/2005 121711 1,776.00
6/22/2005 121714 477.00
6/22/2005 121715 136.50
6/22/2005 121720 590.20
6/22/2005 121728 28.98
6/22/2005 121738 37.84
6/22/2005 121741 461.28
6/22/2005 121749 399.50
6/22/2005 121754 1,200.00
6/24/2005 121765 568.80
6/24/2005 121768 5,447.23
6/24/2005 121771 443.20
6/24/2005 121772 500.00
6/24/2005 121773 9,484.01
6/24/2005 121780 646.51
6/24/2005 121799 5,231.41
6/27/2005 121810 221.45
6/27/2005 121812 156.00
6/27/2005 121813 244.20
6/27/2005 121814 1,750.00
6/27/2005 121815 4,107.26
6/27/2005 121816 102.57
6/27/2005 121819 2,968.40
6/27/2005 121820 82.50
6/27/2005 121825 8,668.00
6/27/2005 121826 111.64
6/27/2005 121828 11,110.00
6/27/2005 121831 2,033.34
6/27/2005 121833 570.00
6/27/2005 121835 1,194.48
6/27/2005 121836 3,971.88
6/27/2005 121837 25,967.60
6/29/2005 121845 600.35
6/29/2005 121846 1,267.09
6/29/2005 121848 976.32
6/29/2005 121849 393.12
6/29/2005 121850 12,105.06
6/29/2005 121851 8,141.41
6/29/2005 121852 1,097.25
6/29/2005 121853 12,253.82
6/29/2005 121854 345.00
6/29/2005 121856 498.07
6/29/2005 121858 450.00
6/29/2005 121859 1,632.63
6/29/2005 121860 688.00
6/29/2005 121861 62.00
6/29/2005 121862 105.16
6/29/2005 121863 167.29
6/29/2005 121864 235.00
6/29/2005 121865 72.90
6/29/2005 121866 181.86
6/29/2005 121867 2,116.70
6/29/2005 121868 11,348.74
6/29/2005 121869 8,668.00
6/29/2005 121870 150.00
6/29/2005 121871 127.51
6/29/2005 121874 6,045.21
6/29/2005 121875 123.09
6/29/2005 121876 236.89
6/29/2005 121877 630.80
6/29/2005 121878 1,073.77
6/29/2005 121879 3,139.22
6/29/2005 121880 400.20
6/29/2005 121881 50.00
6/29/2005 121882 163.60
6/29/2005 121883 195.60
6/29/2005 121884 411.16
6/29/2005 121885 166.54
6/29/2005 121887 596.24
6/29/2005 121888 1,828.44
6/29/2005 121891 26,960.45
6/29/2005 121893 28,202.22
$ 289,844.78
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JUNE 30, 2005
The following information is to be provided for each shareholder,
officer, director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: WAGNER CASTINGS CO. Capacity: ___ Shareholder
Case Number: 04-67614 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED AT INTERMET
CORPORATION. PLEASE SEE INTERMET CORPORATION (CASE #04-67597) FOR ALL INSIDER
COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $0
Dated: JULY 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 JUNE 30, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67611
) Chapter 11
) Judge: Marci B. McIvor
WAGNER HAVANA, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and, (if not, attach written
explanation)
YES [X] NO___
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO___
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization. (If not, attach a written explanation)
YES [X] NO___
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO___
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO___
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: JULY 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 6-30-05
($000's)
CASE #04-67611
WAGNER
HAVANA
------------------------------------------------
Current Month Total Since Filing
-------------- ------------------
Net Sales - -
Cost of Goods Sold
Materials and Freight - -
Wages - Hourly - -
Wages-Salary - -
Employee Benefits and Pension 40 454
Repairs & Maintenance - -
Supplies - 50
Utilities 8 45
Purchased Components/Services - (1)
Income(loss) from Pattern Sales - -
Fixed Asset - (gain/loss) - -
MIS Expense - 1
Travel & Entertainment - -
Other Variable Costs 35 83
Depreciation & Amortization - -
Other Allocated Fixed Costs - -
Other Fixed Costs 17 191
------ ------
Cost of Goods Sold 100 823
Gross Profit (100) (823)
Plant SG&A Expense - -
SG&A Expense - Allocation (Sched 1) - -
Other Operating Expenses - 4,895
------ ------
Total Operating Expenses - 4,895
Operating Profit (100) (5,718)
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) 96 232
------ ------
Total Non-Operating Expenses 96 227
Income Before Income Taxes (4) (5,491)
Income Tax Expense - -
-
------ ------
Net Income (4) (5,491)
====== ======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs June
(Allocation of Corporate Costs to Filing Entities)
(000's)
June
------
Officer Compensation $ 189
Salary Expense other Employees 892
Employee Benefits and Pension 107
Payroll Taxes 53
Other Taxes 0
Rent and Lease Expense 212
Interest Expense
Insurance 63
Automobile and Truck Expense 11
Utilities(Gas Electric, Phone) 43
Depreciation 86
Travel and Entertainment 114
Repairs and Maintenance 98
Advertising/Promotion 10
Supplies, Office Expense 42
OTHER:
Contributions 0
Professional Fees - Audit/Tax 350
Bank Fees 28
Public Reporting Fees 15
Employee Relocation/Training 17
Data Processing 27
Dues and Subscriptions 15
Outside Services 92
Project Development Costs net of Billings (32)
Director Fees 25
Miscellaneous 5
Legal Fees 10
Cost Allocation - Europe (78)
Cost Allocation - Out (254)
------
$2,143
======
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 490
------
Total $2,143
======
Intermet Corp and Subsidiaries
Balance Sheet as of 06-30-05
($000's)
CASE #04-67611
--------------
WAGNER
HAVANA
--------------
Cash And Equivalents $ -
Accounts Receivable -
Short-Term Intercompany Receivables 177
Inventories 188
Other Current Assets -
--------
TOTAL CURRENT ASSETS 365
Land and Buildings 1,633
Machinery & Equipment 12,998
Construction In Progress -
--------
Total Fixed Assets 14,631
Accumulated Depreciation (12,206)
--------
NET FIXED ASSETS 2,425
Investment In Subsidiaries -
Investment In European Operations -
Long-Term Intercompany Receivables -
Deferred Taxes, Long-Term Asset -
Other Assets -
--------
TOTAL ASSETS $ 2,790
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 5
Wages and Salaries (See schedule) -
Taxes Payable - (See schedule) 83
--------
TOTAL POST PETITION LIABILITIES 88
SECURED LIABILITIES:
SECURED DEBT -
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes -
Accrued Tax - State -
Accrued Property Taxes -
Accrued Workers Comp. 421
Accrued Payroll -
Accrued Payroll Taxes -
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 421
UNSECURED LIABILITIES
Accounts Payable 179
Senior & IDR Bonds -
--------
TOTAL UNSECURED LIABILITIES 179
OTHER LIABILITIES
Accrued Liabilities 3
Short-Term Intercompany Payables -
Retirement Benefits -
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities -
Long-Term Intercompany Payables 8,022
Minority Interest -
--------
TOTAL LIABILITIES 8,713
Common Stock -
Capital In Excess Of Par Value 9,349
Retained Earnings - Prepetition (9,781)
Retained Earnings - Post Petition (5,491)
Equity In European Operations
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
--------
TOTAL SHAREHOLDER EQUITY (5,923)
--------
TOTAL LIABILITIES AND EQUITY $ 2,790
========
PERIOD ENDED: 06-30-05 WAGNER HAVANA CASE #04-67611
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
5/31/2005 Withheld Deposits 6/30/2005
--------- -------- --------- ---------
Income tax withheld: Federal $ 0 $ 0 $ 0 $ 0
Income tax withheld: State 0 0 0 0
Income tax withheld: Local 0 0 0 0
FICA Withheld 0 0 0 0
Employers FICA 0 0 0 0
Unemployment Tax: Federal 0 0 0 0
Unemployment Tax: State 0 0 0 0
All Other Payroll W/H 0 0 0 0
State Taxes: Inc./Sales/Use/Excise 0 0 0 0
Property Taxes (56,120) (26,709) 0 (82,829)
Workers Compensation 0 0 0 0
--------- -------- --------- ---------
Total ($56,120) ($26,709) $ 0 ($82,829)
Wages and Salaries 0 0 0 0
--------- -------- --------- ---------
Grand Total ($56,120) ($26,709) $ 0 ($82,829)
========= ======== ========= =========
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 $5,131 $5,131 $ 0 $ 0
Accounts Receivable $ 0 $ 0 $ 0 $ 0
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS: MONTHLY CASH STATEMENT
MONTH ENDED 6/30/2005
CASE # 04-67611
WAGNER HAVANA
---------------
TOTAL DISBURSEMENTS (CORPORATE DEBIT MEMOS) $ 61,953
NOTES
Havana's payroll is consolidated with the Corporate payroll due to
immateriality.
Havana's disbursements are paid and allocated by Corporate.
Havana had no active bank accounts during the current month.
WAGNER HAVANA, INC. CASE NO. 04-67611
CASH DISBURSEMENTS
JUNE 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
AMERENCIPS $ 545.83
AMERENCIPS 96.01
AMERENCIPS 7251.46
CITY OF HAVANA 17.72
MASON COUNTY COLLECTOR 43441.59
SECURITAS 2090.34
SECURITAS 2238.66
SECURITAS 2090.34
SECURITAS 2090.34
SECURITAS 2090.34
-----------
$ 61,952.63
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JUNE 30, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: WAGNER HAVANA, INC. Capacity: ___ Shareholder
Case Number: 04-67611 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $ 0
Dated: JULY 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.