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 JULY 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67597
) Chapter 11
) Judge: Marci B. McIvor
INTERMET CORP. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto,
consisting of:
X Operating Statement (Form 2)
X Balance Sheet (Form 3)
X Summary of Operations (Form 4)
X Monthly Cash Statement (Form 5)
X Statement of Compensation (Form 6)
X Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and, (if not, attach written
explanation)
YES X NO___
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES X NO___
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization. (If not, attach a written explanation)
YES X NO___
5. All United States Trustee Quarterly fees have been paid and are current
YES X NO___
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES X NO___
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: AUGUST 22, 2005 /s/ Robert E. Belts
-----------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- ---------------
Title Phone
Intermet Corp. and Subsidiaries
Operating Statement CASE # 04-67597
For the Month Ended 7-31-05 INTERMET
($000's) CORP(*)
-----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 31,529 531,108
Cost of Goods Sold
Materials and Freight 6,974 174,135
Wages - Hourly 6,532 86,210
Wages-Salary 2,343 26,474
Employee Benefits and Pension 4,874 57,964
Repairs & Maintenance 2,943 27,246
Supplies 2,113 27,825
Utilities 2,688 31,185
Purchased Components/Services 2,321 38,550
Income(loss) from Pattern Sales (237) 673
Fixed Asset - (gain/loss) 85 (114)
MIS Expense 229 2,377
Travel & Entertainment 56 572
Other Variable Costs 1,398 22,024
Depreciation & Amortization 2,534 27,515
Other Allocated Fixed Costs 239 3,458
Other Fixed Costs 1,012 11,948
-------- --------
Cost of Goods Sold 36,104 538,042
Gross Profit (4,575) (6,934)
Plant SG&A Expense 127 1,383
SG&A Expense - Allocation (Sched 1) 2,309 29,841
Other Operating Expenses 2,397 202,676
-------- --------
Total Operating Expenses 4,833 233,900
Operating Profit (9,408) (240,834)
Outside Interest Income 4 464
Outside Interest (Expense) (3,719) (23,855)
Intercompany Interest Income -- 6,011
Intercompany Interest (Expense) 1 (6,010)
Charges (From) Affiliates (1,650) (16,152)
Charges To Affiliates 1,722 16,859
Gain/(Loss) On Sales Of Assets 955 177
Outside Dividend Income -- --
Foreign Exchange Gain/(Loss) -- --
Income/Loss From European Operations (222) 6,236
Other Income/(Expense) (2,429) (17,916)
-------- --------
Total Non-Operating Expenses (5,339) (34,187)
Income Before Income Taxes (14,747) (275,021)
Income Tax Expense 1,598 3,222
-------- --------
Net Income (16,344) (278,242)
======== ========
(*) Intermet Corporate includes the consolidated results of Intermet Corporate
and its domestic subsidiaries as well as the income from European Operations.
<Table>
<Caption>
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs July
(Allocation of Corporate Costs to Filing Entities)
(000's)
July
------------------
Officer Compensation $189
Salary Expense other Employees 968
Employee Benefits and Pension 108
Payroll Taxes 53
Other Taxes 3
Rent and Lease Expense 186
Interest Expense
Insurance 54
Automobile and Truck Expense 12
Utilities(Gas Electric,Phone) 41
Depreciation 93
Travel and Entertainment 78
Repairs and Maintenance 48
Advertising/Promotion 7
Supplies, Office Expense 17
OTHER:
Contributions 4
Professional Fees - Audit/Tax 350
Bank Fees 24
Public Reporting Fees 15
Employee Relocation/Training 41
Data Processing 23
Dues and Subscriptions 15
Outside Services 83
Project Development Costs net of Billings 114
Director Fees 25
Miscellaneous 2
Legal Fees 4
Cost Allocation - Europe (78)
Cost Allocation - Out (168)
------------------
$2,309
==================
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 656
------------------
Total $2,309
==================
</Table>
<Table>
<Caption>
Intermet Corp. and Subsidiaries JULY JUNE
Balance Sheet as of 07-31-05 ---- ----
($000's) CASE # 04-67597 CASE # 04-67597
---------------------------- ----------------------------
INTERMET INTERMET
CORP (NOTE 1) CORP (NOTE 1)
---------------------------- ----------------------------
Cash And Equivalents $934 $1,974
Accounts Receivable 73,140 89,406
Short-Term Intercompany Receivables (5) (6)
Inventories 59,755 55,154
Other Current Assets 8,855 8,375
---------------------------- ----------------------------
TOTAL CURRENT ASSETS 142,679 154,903
Land and Buildings 113,804 113,678
Machinery & Equipment 395,017 397,866
Construction In
Progress 9,176 8,376
---------------------------- ----------------------------
Total Fixed Assets 517,997 519,920
Accumulated Depreciation (334,407) (334,696)
---------------------------- ----------------------------
NET FIXED ASSETS 183,590 185,224
Investment In Subsidiaries (2) (2)
Investment In European Operations (Note #2) 88,712 88,926
Long-Term Intercompany Receivables 4 (1)
Deferred Taxes, Long-Term Asset (1,057) (1,057)
Other Assets 13,016 15,129
---------------------------- ----------------------------
TOTAL ASSETS $426,942 $443,122
============================ ============================
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $11,890 $12,802
Wages and Salaries (See schedule) 7,495 6,617
Taxes Payable - (See schedule) 7,379 6,949
---------------------------- ----------------------------
TOTAL POST PETITION LIABILITIES 26,764 26,368
SECURED LIABILITIES:
- --------------------
SECURED DEBT 195,455 197,299
PRE-PETITION LIABILITIES:
- -------------------------
Taxes and Other Priority Liabilities:
Accrued Income Taxes 607 607
Accrued Tax - State (316) (316)
Accrued Property Taxes 77 77
Accrued Workers Comp. 8,352 8,926
Accrued Payroll 2,652 2,652
Accrued Payroll Taxes 0 0
---------------------------- ----------------------------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 11,372 11,946
UNSECURED LIABILITIES
Accounts Payable 62,633 62,592
Senior & IDR Bonds 177,000 177,000
---------------------------- ----------------------------
TOTAL UNSECURED LIABILITIES 239,633 239,592
OTHER LIABILITIES
- -----------------
Accrued Liabilities 35,119 34,880
Short-Term Intercompany Payables (1) (14)
Retirement Benefits 86,538 86,051
Deferred Taxes - Long-Term Liability (2,400) (3,838)
Other Long-Term Liabilities 3,987 4,038
Long-Term Intercompany Payables (1,342) (1,238)
---------------------------- ----------------------------
TOTAL LIABILITIES 595,125 595,084
Common Stock 2,607 2,605
Capital In Excess Of Par Value 36,256 36,201
Retained Earnings - Prepetition 8,831 8,831
Retained Earnings - Post Petition (284,222) (268,100)
Equity In European Operations 88,712 88,926
Accumulated Translation Adjustment 3,860 3,859
Minimum Pension Liability Adjustment (24,093) (24,093)
Unearned Restricted Stock (134) (191)
---------------------------- ----------------------------
TOTAL SHAREHOLDER EQUITY (168,183) (151,962)
---------------------------- ----------------------------
TOTAL LIABILITIES AND EQUITY $426,942 $443,122
============================ ============================
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 July operating statements.
Note 2
- ------
"Investment in European Operations" is net of $39,491 in July and $39,333 in
June, 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.
<Table>
<Caption>
PERIOD ENDED: 07-31-05 CASE #04-67597
INTERMET CORPORATION -------------------------
CORPORATE BOOKS ONLY - NO SUBS
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
As of 6/30/05 Withheld Deposits As of 7/31/05
-------------------------------------------------------------------------------------------
Income tax withheld: Federal $0 $0 $0 $0
Income tax withheld: State 0 0 0 0
Income tax withheld: Local 0 0 0 0
FICA Withheld 0 0 0 0
Employers FICA 0 0 0 0
Unemployment Tax: Federal (0) 0 0 (0)
Unemployment Tax: State 0 0 0 0
All Other Payroll W/H (57,464) (395,746) 474,073 20,863
State Taxes: Inc./Sales/Use/Excise (3,222,151) (388,303) 0 (3,610,454)
Federal 608,295 0 0 608,295
Property Taxes (15,251) (1,600) 0 (16,851)
Workers Compensation (497,282) (172,456) 172,456 (497,282)
-------------------------------------------------------------------------------------------
Total ($3,183,853) ($958,105) $646,529 ($3,495,429)
Wages and Salaries (3,759,184) (370,661) 152,097 (3,977,748)
-------------------------------------------------------------------------------------------
Grand Total ($6,943,038) ($1,328,766) $798,626 ($7,473,178)
===========================================================================================
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petition) Total 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $1,264,822 $1,256,679 $8,142
Accounts Receivable N/A
</Table>
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS: MONTHLY CASH STATEMENT
Month Ended 7/31/2005
CASE # 04-67597
----------------------------------------------------------------------------------------------------
INTERMET CORPORATION
ACCOUNT TYPE CONCEN. LOCKBOX AP PR MEDICAL MEDICAL MEDICAL ENVIRONMENTAL
Account # 1054530796 5401086482 2770716377 2770716716 5402307572 5402307564 2770722680 400806.1
BANK Stan. Fed. Stan. Fed. Stan. Fed. Stan. Fed. Stan. Fed. Stan. Fed. Stan. Fed. Lasalle
BEGINNING BANK BALANCE 1,929,576 - - - - - - 3,111,774
RECEIPTS 12,336,014 315,995 - - - - - 6,741
TRANSFERS IN 35,290,751 246 1,074,115 606,666 246,026 60,995 - -
DIP INFLOW 18,912,331 - - - - - - -
DISBURSEMENTS (21,085,011) (246) (1,074,115) (606,666) (246,026) (60,995) - (15,278)
A A A A A A
TRANSFERS OUT (25,470,402) (315,995) - - - - - -
DIP REPAYMENT (21,112,331) - - - - - - -
----------------------------------------------------------------------------------------------------
ENDING BANK BALANCE 800,928 - - - - - - 3,103,237
CORPORATE DISBURSEMENTS PAID FOR CORPORATE (INCLUDES CORPORATE
PAYROLL OF $ 1,015,788) 7,189,041 E
MATERIAL WIRES PAID BY CORPORATE ON BEHALF OF PLANTS 13,089,300
PAYROLL WIRES PAID BY CORPORATE ON BEHALF OF PLANTS 1,735,636
-------------
TOTAL WIRES & OTHER DISBURSEMENTS BY CORPORATE (EXCLUDES CORPORATE CHECKS) 22,013,976 Sum of A
CORPORATE CHECKS ISSUED PERTAINING TO CORPORATE 1,135,297 E
CORPORATE CHECKS ISSUED PERTAINING TO PLANTS (DEBIT MEMOS) 225,638
-------------
TOTAL CORPORATE DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 23,374,911
=============
OUTSTANDING CHECKS AS OF JUNE 30 178,051
VOIDED CHECKS OUTSTANDING AS OF JUNE 30 -
CHECKS ISSUED DURING JULY 1,360,934
CHECKS CLEARED DURING JULY (1,073,565) Excludes EFT of $550 for Payroll Tax Fees
-------------
OUTSTANDING CHECKS AS OF JULY 31 (SEE OUTSTANDING CHECKLIST) $ 465,420
=============
Sum of E $8,324,337 REPRESENTS TOTAL DISBURSEMENTS PERTAINING TO CORPORATE
INTERMET CORPORATE CASE # 04-67597
Cash Disbursements
JULY 2005
VENDOR TOTAL DISBURSEMENTS
- -----------------------------------------------------
ABB $ 16,040.00
ABC COKE 366,568.91
ABN AMRO 20,294.18
ACE AMERICAN INSURANCE CO. 106,575.55
ADP INVESTOR COMMUNICATION 7.72
ADP, INC. 81.55
AETNA U.S. HEALTHCARE 19,376.79
AIRGAS MID AMERICA 40.64
ALABAMA POWER 820.86
ALCOA ALUMINUM 702,148.32
ALFE HEAT TREATING 122,672.59
ALLIED MINERAL 30,046.24
ALTAIR ENGINEERING, INC. 28,400.00
ALTER TRADING 46,187.05
ALUAR ALUMINUM 398,258.67
ALUMINUM RESOURCES 45,395.10
AMERENCIPS 632.35
AMERICAN VISA SERVICE, INC. 220.00
AMTECH INTERNATIONAL GROUP,LTD 38,286.00
ANDREWS, THOMAS 974.47
ANX EBUSINESS 3,456.00
APPALACHIAN POWER 1,894.10
ARCH CONSULTING ASSOCIATES 750.00
AT&T 2,349.31
BANK OF NOVA SCOTIA 1,341,438.07
BEHR METALS 220,444.74
BELLSOUTH 2,312.68
BENTONITE PERFORMANCE MINERALS 98,000.00
BERWYN GROUP, THE 28.50
B-H TRANSFER 8,240.66
BLEEKS, R. SCOTT 26,099.47
BLUE CROSS BLUE SHIELDS 1,809,813.42
BODINE ELECTRIC 3,500.00
BOWNE OF CHICAGO 8,248.00
BRENDEL, KEVIN 89.98
BRUECHERT, PAUL 94.88
BRYANT'S TREE SERVICE 225.00
BSW, INC. 50.00
BURGE, CRAIG 1,275.16
C.A. TOOLING 17,500.00
CACHEAUX, CAVAZOS & NEWTON 411.76
CAPSTONE 98,125.50
CCMA 131,360.46
CHARLES G. MCCLURE 8,500.00
CHILD SUPPORT - CFI 29,862.61
CHILDREN'S HOSPITAL OF MI 3,800.00
CIMMETRY SYSTEMS, INC. 16,511.00
CINTAS CORPORATION 73.42
CITY OF HAVANA 9.42
CITY OF RADFORD 11,059.08
CLIENT SERVICES-ECM 105.10
COLUMBUS FOUNDRY PAYROLL 10,748.68
COLUMBUS WATER WORKS 228.03
COM ED 81.78
COMPUWARE CORP. 825.00
CONWAY MACKENZIE & DUNLEAVY 765,767.43
VENDOR TOTAL DISBURSEMENTS
- -----------------------------------------------------
COR SOLUTIONS, INC. 29,019.20
CORP LOCKBOX - MISC DEBIT -
CORPORATE PAYROLL 293,952.03
CORPORATE PAYROLL 550.00
COX, MICHAEL 419.84
CPC 30,000.00
CPC EQUIPMENT 496,100.00
CSM WORLDWIDE, INC. 7,200.00
DALTON'S SERVICES, INC. 1,800.00
DANA 188,438.00
DEAD SEA MAGNESIUM 640,458.01
DECATUR PAYROLL 565,641.41
DEL PRINTING, INC. 2,962.91
DELL MARKETING L.P. 16,742.99
DEUTSCHE BANK 62,500.00
DIETERT FOUNDRY TESTING 200.00
DILLIN DEVELOPMENT CORP. 380.00
DME RR 54,594.36
DORSEY & WHITNEY LLP 7,986.86
DOYLE, PAT 2,129.60
DRUSCHITZ, ALAN P. 965.01
DUCTILE IRON SOCIETY 4,000.00
DUN & BRADSTREET 39.95
EASTERN ALLOYS, INC. 144,423.41
EASTERN COMPUTER EXCHANGE, INC 5,457.00
EDWIN B. BRANCH 16,831.97
EKK, INC. 1,200.00
ELECTRONIC SECURITY SYSTEMS 295.00
ELKEM METALS, INC. 412,826.08
ENBRIDGE GAS SERVICES 46,319.83
ENTERPRISE FLEET SERVICES 12,953.65
EPICOR SOFTWARE CORPORATION 4,435.53
ERNST & YOUNG -
EXEC-U-CARE 8,101.40
EXECUTIVE COFFEE SYSTEMS 687.80
FAHRNER, JOHN 889.69
FAIRMONT MINERALS 41,554.75
FEARS, HARDING 942.75
FEDERAL RESERVE BANK OF 500.00
FIDELITY SAVINGS AND PROFIT PLAN 62,705.45
FISCHER INTERNATIONAL 10,272.00
FITZGERALD, DAVID C. 558.81
FOCAL COMM. OF MICHIGAN 478.49
FOLEY, LARDNER 679,619.37
FOSECO METALLURGICAL INC. 11,050.00
FRANCZUK, HELEN 411.10
FRENCH & ROGERS INC. 10,140.53
FTI RESTRUCTURING 177,757.89
FURNACE CONTROL CORP 1,137.48
G & H DIVERSIFIED MFG. 6,676.00
GARRETT, JOE 3,723.49
GE CAPITAL 19,512.14
GEARBULK 175.00
GEARBULK - EQUIP 175.00
GEORGE WALTON PAYNE & CO -
GEORGIA POWER 4,440.28
GEORGIA SALES TAX - CFI 88,759.55
GIERC, DANIEL 3,273.25
GILLILAND, TIM 2,664.23
GLOBAL ENGINEERING DOCUMENTS 146.00
GLOBAL EXCHANGE SERVICES 1,479.07
GLOBE 417,009.60
GOPAL, NANDA P N 885.22
VENDOR TOTAL DISBURSEMENTS
- -----------------------------------------------------
GQM - GRABER, MORHT GMBH 2,984.84
GQM - GRABER, MORHT GMBH - EQUIP 2,984.84
GRECCO, JOSEPH R 1,177.86
GROUNDWATER & ENVIRONMENTAL 1,980.11
GXS LIMITED SPECIAL BILLING 134.63
HA INTERNATIONAL LLC 136,501.38
HARMON, JOE 1,535.35
HEMING, DANIEL 1,122.57
HIBBING SALES TAX 12,305.95
HICKEY ELECTRIC 350.00
HOWARD & HOWARD 397.50
HULL & ASSOCIATES, INC 352.89
HWP RIGGING 85,000.00
HYDRO MAGNESIUM (NORSK HYDRO) 1,750.75
IBM CORPORATION 36,165.89
IKON FINANCIAL SERVICES 3,373.82
IMCO RECYCLING 267,519.77
INFORMATION HANDLING SERVICES 9,165.21
INTERCALL 613.19
IRON MOUNTAIN RECORDS MGMT 259.98
IRVIN, LESLIE B 1,145.63
J.W. MARTIN 1,838.63
JACKSON, SHIELDS, YEISER, HOLT 5,352.37
JACOBSEN'S FLOWERS INC. 143.08
JAFFE, RAITT, HEUER & WIESS 11,858.97
JAMES DAVIS CLEANING SERVICE 500.00
JBOSS 3,250.00
JEPPESEN SANDERSON 671.00
JESSE WHITE SECRETARY OF STATE 1,246.00
JOCK ABELL LANDSCAPING 360.00
JOHN HANCOCK FINANCIAL SVCS. 403.00
JOHN P. CRECINE 8,500.00
JOHN R. HORNE 9,000.00
JULIA D. DARLOW 10,000.00
KEVIN STEWART 555.00
KILPATRICK STOCKTON LLP 404.40
KLEIN, KYLE 402.38
KUZINSKI, MARK 677.35
LAEMPE + REICH CORP - EQUIP 2,953.00
LAEMPE + REICH CORP. 2,953.00
LAND TRANSPORTATION 87,325.43
LEONARD BROS. DATA MANAGEMENT 1,029.81
LIEBERT GLOBAL SERVICES 26,149.26
LINA 611.00
LINDA LUMPKIN 269.27
LISIO, JOHN 1,519.66
LONGHURST, JOHN 1,243.18
LORENZ, CHAD 345.01
LOVELL, TONY 1,122.16
MACKINNEY SYSTEMS 195.00
MAGMA FOUNDRY TECHNOLOGIES 2,000.00
MAINLINE INFORMATION SYSTEMS 1,680.00
MALECKI, ELIZABETH 3,184.31
MALLON, ROBERT 1,721.07
MALLOY 246,026.04
MARSH USA INC. 112,500.00
MAYBERRY RIGGERS 600.00
MCCOLLUM, WILLIAM E. 3,578.84
MCDONALD, MATT 1,536.82
MCMASTER-CARR SUPPLY CO. 118.55
MEDCO HEALTH 275,191.57
MEMA 5,000.00
METALTEC STEEL ABRASIVES 11,132.00
VENDOR TOTAL DISBURSEMENTS
- -----------------------------------------------------
METASAVAGE, MIKE 890.47
METLIFE 9,106.24
METLIFE DENTAL 60,994.52
MIDLAND INDUSTRIES, INC. 5,837.94
MIDLANDS TECHNICAL COLLEGE 22,277.83
MILBANK TWEED HADLEY MCCLOY LLP 160,633.80
MILLER & CO. 234,489.68
MINNEAPOLIS SALES TAX 126,701.26
MITSUNOBU TAKEUCHI 10,500.00
MONROE PAYROLL 865,293.53
MOORE, TERRY 1,849.68
MOORE'S MACHINE CO. INC. 1,780.00
MTS SYSTEMS CORPORATION 6,371.25
NADCA 609.80
NATIONAL MATERIAL TRADING 487,529.89
NATIONAL METAL ABRASIVE 18,540.00
NELSON ELECTRIC 1,500.00
NORANDA ALUMINUM 98,341.40
NORFOLK SOUTHERN 109,700.00
NORFOLK SOUTHERN CORPORATION 27.00
NORMAN F. EHLERS 12,000.00
OFFICE DEPOT, INC. 2,454.01
OFFICE INSTALLATIONS, INC. 160.00
OMELVENY MYERS -
OMNISOURCE CORPORATION - COPPER 176,100.00
OMNISOURCE CORPORATION - STEEL 3,419,710.55
ONEOK ENERGY MARKETING COMPANY 41,248.60
PAMELA E. RODGERS 9,500.00
PAMS, GENE 84.12
PARKER HANNIFIN 26,206.20
PATZWALDT, JEFF 1,877.67
PBCC 193.78
PEPPER HAMILTON LLP 6,062.10
PETERS, GORDON 1,771.47
PLANTERRA GREENHOUSES 87.00
PLASKO, RANDALL 483.20
PLYMOUTH WAYNE, INC. 18.70
PORTER WARNER INDUSTRIES 41,211.00
POWERWAY, INC. 1,000.00
PR NEWSWIRE 2,500.00
PR NEWSWIRE ASSOCIATION, LLC 1,742.00
PRIMETRADE, INC. 913,441.56
PROVIDENT LIFE & ACCIDENT INS. 7,034.57
PRUCHA, TOM 1,003.76
PULASKI - MISC TRANSFER DEBIT 1,536.76
PUTNAM 97,387.36
QUALITEST INC. 282.00
RACINE HEALTHCARE 3,450.95
RAR HOLDINGS, INC. 3,322.00
REINHART,BOERNER,VAN DEUREN, 135.20
RESERVE ACCOUNT 300.00
RICHARD A. NAWROCKI 24,500.00
RIDLEY'S BAKERY CAFE 81.00
RIVER MILL RECORDS MANAGMENT 224.20
ROBERT HALF TECHNOLOGY 2,080.00
ROBERTS, DONALD 2,485.45
RODGERS, KAREN 811.44
ROETZEL & ANDRESS AKRON 7,666.76
RUFF, GARY F. 4,174.54
RUTHERFORD, JOHN 152.49
SAE INTERNATIONAL 3,037.50
SBC 648.52
SCHELLHASE, DAN 1,525.20
VENDOR TOTAL DISBURSEMENTS
- -----------------------------------------------------
SEAGIL SOFTWARE COMPANY 712.50
SECURITAS SEC. SVCS. USA, INC. 10,600.02
SENIORSCRIPS 2,570.00
SHAW, ROBERT 2,365.28
SHOWALTER, ERIC 154.92
SHRED-IT DETROIT 79.80
SILICON GRAPHICS, INC. 9,206.50
SOCHOR, NATHAN 450.30
SOUTHERN MAINTENANCE SUPPLY 163.34
SPECIAL "K" LANDSCAPING 850.00
SPECTRO ALLOYS CORPORATION 796,047.80
SPRAY-RITE 45,789.58
SPRINT 43,333.62
SPRINT CONFERENCING SERVICES 2,914.86
SPROUSE, JANE 10.37
SQUIRE,SANDERS & DEMPSEY LLP 444.29
SRI QUALITY SYSTEM REGISTRAR 63,109.10
STANDARD FEDERAL 26,263.05
STATE OF MICHIGAN 846.97
STEFANI, MIKE 1,950.74
STERLING COMMERCE-73199 620.97
SUN TRUST BANK 2,781.88
SUNGARD AVAILABILITY SERVICES 884.00
SUPERIOR GRAPHITE CO. 12,504.38
SUPREME CORES 7,644.00
TALX CORPORATION 4,250.00
TERMINIX INTERNATIONAL 32.00
THOMAS H. JEFFS II 8,500.00
TIMBERLAND OFFICE PARK THREE 60,245.22
T-MOBILE 136.28
TOYOTA TSUSHO 40,187.68
TRADEWINDS AVIATION 8,853.12
TRANS MAN LOGISTICS, INC. 432,491.70
TSBY RR 41,382.10
TWIN PLANT NEWS 150.00
U.S. BANK TRUST 125.00
U.S. DEPARTMENT OF LABOR 2,990.00
U.S. TRUSTEE 105,000.00
UGS CORP. 1,590.00
UMETCO INC. 58,905.00
UNIMIN CORPORATION 56,995.20
UNITED AMERICAN INSURANCE CO. 34,474.00
UNITED STATES POSTAL SERVICE 2,000.00
UNITED WAY OF CENTRAL VIRGINIA 265.00
UNIVERSITY OF ILLINOIS- URBANA 10,000.00
US MAGNESIUM LLC 1,253,067.30
USA TODAY 134.99
VALUE OPTIONS 23,289.61
VALUEOPTIONS, INC 13,331.73
VANGUARD 414,554.32
VASS, S. REID 4,499.54
VERIZON 1,860.42
VERIZON WIRELESS 370.15
VERIZON WIRELESS MESSAGING SVC 52.39
VERIZON WIRELESS-GREAT LAKES 2,041.13
VESUVIUS 22,783.42
VIRGINIA DEPT. OF TAXATION 32.92
VISUAL IMPRESSIONS 1,181.20
VOSS, DAVID 68.63
WACHTELL LIPTON ROSEN KATZ -
WALTON MANAGEMENT SERVICES 2,160.12
WASTE MANAGEMENT 100.64
WAYNE BOOTH INVESTMENTS 25,300.00
VENDOR TOTAL DISBURSEMENTS
- -----------------------------------------------------
WAYNE HARMON 500.00
WHEELABRATOR ABRASIVES 70,192.00
WINKLE, TOM 579.53
WOODLAND CAFE 38.16
WOODS, ROGERS & HAZLEGROVE PLC 9,151.51
XEROX CORPORATION 443.14
ZEIMET, RANDY 816.62
--------------------
$ 23,374,910.52
INTERMET CORPORATION
CASE # 04-67597
AT 7/31/05
CORPORATE - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 465,419.94
Misc Reconciling Items Adjusted in
August. (0.91)
- -------------------------------------------------------------
465,419.03
Unadjusted GL Balance 465,419.03
--------------------
Difference $ -
====================
INTERMET CORPORATION
OUTSTANDING CHECKS
CASE #04-67597
DATE CHECK OUTSTANDING DATE CHECK OUTSTANDING
2/4/2005 92456 $ 79.10 7/29/2005 94369 3,578.84
4/8/2005 93102 50.75 7/29/2005 94370 297.56
5/27/2005 93718 616.32 7/29/2005 94371 118.55
6/2/2005 93791 725.98 7/29/2005 94372 5,000.00
6/24/2005 93968 225.00 7/29/2005 94373 890.47
7/8/2005 94098 192.29 7/29/2005 94374 980.00
7/8/2005 94114 182.50 7/29/2005 94375 6,371.25
7/8/2005 94125 468.45 7/29/2005 94376 78.20
7/8/2005 94166 8,500.00 7/29/2005 94377 1,012.78
7/15/2005 94205 198.27 7/29/2005 94378 340.50
7/15/2005 94210 403.00 7/29/2005 94379 352.30
7/15/2005 94217 1,481.19 7/29/2005 94380 1,000.00
7/15/2005 94233 201.67 7/29/2005 94381 7,034.57
7/21/2005 94272 4,000.00 7/29/2005 94382 742.83
7/21/2005 94280 710.22 7/29/2005 94383 3,322.00
7/21/2005 94286 1,246.00 7/29/2005 94384 300.00
7/21/2005 94291 22,277.83 7/29/2005 94385 2,080.00
7/21/2005 94310 757.20 7/29/2005 94386 1,750.27
7/21/2005 94314 34,474.00 7/29/2005 94387 811.44
7/26/2005 94315 295.00 7/29/2005 94388 929.42
7/29/2005 94320 7.72 7/29/2005 94389 152.49
7/29/2005 94321 81.55 7/29/2005 94390 136.90
7/29/2005 94322 14,206.04 7/29/2005 94391 4,180.68
7/29/2005 94323 3,456.00 7/29/2005 94392 280.00
7/29/2005 94324 985.41 7/29/2005 94393 450.30
7/29/2005 94325 1,582.95 7/29/2005 94394 163.34
7/29/2005 94326 175.63 7/29/2005 94395 2,995.28
7/29/2005 94327 89.98 7/29/2005 94396 846.97
7/29/2005 94328 225.00 7/29/2005 94397 4,250.00
7/29/2005 94329 1,082.87 7/29/2005 94398 3,759.67
7/29/2005 94330 3,800.00 7/29/2005 94399 2,000.00
7/29/2005 94331 19.39 7/29/2005 94400 13,331.73
7/29/2005 94332 9.42 7/29/2005 94401 32.92
7/29/2005 94333 211.25 7/29/2005 94402 424.00
7/29/2005 94334 1,800.00 7/29/2005 94403 2,160.12
7/29/2005 94335 352.24 7/29/2005 94404 500.00
7/29/2005 94336 1,395.38 7/29/2005 94405 579.53
7/29/2005 94337 5,457.00 7/29/2005 94406 443.14
7/29/2005 94338 16,831.97 7/29/2005 94407 28,400.00
7/29/2005 94339 8,101.40 7/29/2005 94408 57,872.53
7/29/2005 94340 347.13 7/29/2005 94409 85,000.00
7/29/2005 94341 707.19 7/29/2005 94410 25,300.00
7/29/2005 94342 10,272.00
7/29/2005 94343 7,418.19 $ 465,419.94
7/29/2005 94344 1,070.73
7/29/2005 94345 19,512.14
7/29/2005 94346 1,519.93
7/29/2005 94347 146.00
7/29/2005 94348 1,479.07
7/29/2005 94349 198.69
7/29/2005 94350 467.64
7/29/2005 94351 134.63
7/29/2005 94352 298.53
7/29/2005 94353 654.12
7/29/2005 94354 1,448.42
7/29/2005 94355 613.19
7/29/2005 94356 259.98
7/29/2005 94357 1,710.99
7/29/2005 94358 500.00
7/29/2005 94359 3,250.00
7/29/2005 94360 360.00
7/29/2005 94361 404.40
7/29/2005 94362 250.62
7/29/2005 94363 1,029.81
7/29/2005 94364 611.00
7/29/2005 94365 173.91
7/29/2005 94366 2,000.00
7/29/2005 94367 775.08
7/29/2005 94368 600.00
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JULY 31, 2005
The following information is to be provided for each shareholder,
officer, director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: INTERMET CORP. Capacity: Shareholder
---
Case Number: 04-67597 Officer
---
Director
---
Insider
---
PLEASE SEE COMPANY PREPARED SCHEDULE ATTACHED.
CURRENT COMPENSATION PAID: Weekly or Monthly
------- -------
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance
------- -------
Life Insurance
------- -------
Retirement
------- -------
Company Vehicle
------- -------
Entertainment
------- -------
Travel
------- -------
Other Benefits
------- -------
Total Benefits
------- -------
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid
------- -------
Loans
------- -------
Other (Describe)
------- -------
Other (Describe)
------- -------
Other (Describe)
------- -------
Total Other Payments
------- -------
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
$0
-------
Dated: AUGUST 22, 2005
----------------------------------------
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
Form 6
INTERMET CORPORATION
MONTH ENDED JULY 31, 2005
-----------------------------------------------------------------------------------------
NAME: GARY ROBERT E. TIMOTHY R. JOHN B. TODD
RUFF BELTS GILLILAND RUTHERFORD HEAVIN
-----------------------------------------------------------------------------------------
JOB DUTIES: Chairman & CEO VP Finance VP- Light Metals VP-Sales & VP-Ferrous
Director and CFO Marketing Metals
-----------------------------------------------------------------------------------------
(MONTHLY)
COMPENSATION: $ 41,667 $ 21,667 $ 16,667 $ 16,667 $ 17,500
-----------------------------------------------------------------------------------------
BENEFITS PAID:
Health Insurance 772 772 546 546 772
Life Insurance 358 358 358 358 358
Deferred Comp 142 142 142 142 142
Retirement 364 190 148 148 154
Company Vehicle 1,104 850 850 850 855
Cell Phone - 89 - 85 62
(EXPENSE REIMBURSE):
Meals & Entertainment 263 - 84 320 669
Travel 247 62 1,990 2,408 2,602
Communications (cell phone,
internet on travel, etc.) 206 - 517 - -
Dues & Subscriptions 99 - - - -
Misc--Auto maintenance,
Conference, Passport fees 161 333 - 850 -
Misc--Software fee - - - - -
- - - - -
- - - - -
OTHER PAYMENTS: - - - - -
Rents Paid - - - - -
Loans - - - - -
Other (Describe) - - - - -
Dues & Subscriptions - 750 - - -
-----------------------------------------------------------------------------------------
TOTAL OF ALL PAYMENTS $ 45,383 $ 25,213 $ 21,302 $ 22,374 $ 23,114
=========================================================================================
----------------------------------------------------------------------------------------
NAME: THOMAS E. ALAN J. BYTHA GREG
PRUCHA MILLER MILLS WAHOWIAK
----------------------------------------------------------------------------------------
JOB DUTIES: VP-Technical VP, General Counsel VP- Administration Business Systems
Services Ass't Secretary Director
----------------------------------------------------------------------------------------
(MONTHLY)
COMPENSATION: $ 14,583 $ 18,750 $ 12,500 $ 11,916
----------------------------------------------------------------------------------------
BENEFITS PAID:
Health Insurance 546 546 284 487
Life Insurance 358 358 358 358
Deferred Comp 124 142 106 101
Retirement 128 164 109 103
Company Vehicle 722 850 850 650
Cell Phone - - - 41
(EXPENSE REIMBURSE):
Meals & Entertainment 104 - - 726
Travel 1,805 - - -
Communications (cell phone,
internet on travel, etc.) - - - -
Dues & Subscriptions - - - -
Misc--Auto maintenance,
Conference, Passport fees - - - -
Misc--Software fee - 600 - -
- - - -
- - - -
OTHER PAYMENTS: - - - -
Rents Paid - - - -
Loans - - - -
Other (Describe) - - - -
Dues & Subscriptions - - - -
----------------------------------------------------------------------------------------
TOTAL OF ALL PAYMENTS $ 18,370 $ 21,410 $ 14,207 $ 14,382
========================================================================================
----------------------------------------------------------------------------------------------------
NAME: MICHAEL
SKRZYPCAK MARY JO KARJALA JOHN E. DODDRIDGE JESUS M. BONILLA JOHN P. CRECINE
----------------------------------------------------------------------------------------------------
JOB DUTIES: Treasurer Secretary Former Chairman Former VP Director
Former Director Light Metals
----------------------------------------------------------------------------------------------------
(MONTHLY)
COMPENSATION: $ 10,833 $ 6,000 $ - $ - $ -
----------------------------------------------------------------------------------------------------
BENEFITS PAID:
Health Insurance 772 546 - - -
Life Insurance - - - - -
Deferred Comp 92 51 - - -
Retirement 94 54 - - -
Company Vehicle - - - - -
Cell Phone 41 - - - -
(EXPENSE REIMBURSE):
Meals & Entertainment - - - - -
Travel - - - - -
Communications (cell phone,
internet on travel, etc.) - - - - -
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 $ 12,047 $ 6,651 $ - $ - $ -
====================================================================================================
----------------------------------------------------------------------------------------------------
NAME:
JULIA D. DARLOW NORMAN F. EHLERS JOHN R. HORNE THOMAS H. JEFFS II
----------------------------------------------------------------------------------------------------
JOB DUTIES: Director Director Director Director
----------------------------------------------------------------------------------------------------
(MONTHLY)
COMPENSATION: $ - $ - $ - $ -
----------------------------------------------------------------------------------------------------
BENEFITS PAID:
Health Insurance - - - -
Life Insurance - - - -
Deferred Comp - - - -
Retirement - - - -
Company Vehicle - - - -
Cell Phone - - - -
(EXPENSE REIMBURSE):
Meals & Entertainment - - - -
Travel - - - -
Communications (cell phone,
internet on travel, etc.) - - - -
Dues & Subscriptions - - - -
Misc--Auto maintenance,
Conference, Passport fees - - - -
Misc--Software fee - - - -
- - - -
- - - -
OTHER PAYMENTS: - - - -
Rents Paid - - - -
Loans - - - -
Other (Describe) - - - -
Dues & Subscriptions - - - -
----------------------------------------------------------------------------------------------------
TOTAL OF ALL PAYMENTS $ - $ - $ - $ -
====================================================================================================
------------------------------------------------------------------------------
NAME: CHARLES G. RICHARD A. PAMELA E. MITSUNOBU
MCCLURE NAWROCKI RODGERS TAKEUCHI TOTAL
------------------------------------------------------------------------------
JOB DUTIES: Director Director Director Director
------------------------------------------------------------------------------
(MONTHLY)
COMPENSATION: $ - $ - $ - $ - $ 188,750
------------------------------------------------------------------------------
BENEFITS PAID:
Health Insurance - - - - 6,589
Life Insurance - - - - 3,222
Deferred Comp - - - - 1,326
Retirement - - - - 1,656
Company Vehicle - - - - 7,581
Cell Phone - - - - 318
(EXPENSE REIMBURSE):
Meals & Entertainment - - - - 2,166
Travel - - - - 9,114
Communications (cell phone,
internet on travel, etc.) - - - - 723
Dues & Subscriptions - - - - 99
Misc--Auto maintenance,
Conference, Passport fees - - - - 1,344
Misc--Software fee - - - - 600
- - - - -
- - - - -
OTHER PAYMENTS: - - - - -
Rents Paid - - - - -
Loans - - - - -
Other (Describe) - - - - -
Dues & Subscriptions - - - - 965
------------------------------------------------------------------------------
TOTAL OF ALL PAYMENTS $ - $ - $ - $ - $ 224,453
==============================================================================
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
& 6/22/05-12/22/05
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 JULY 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67599
) Chapter 11
) Judge: Marci B. McIvor
ALEXANDER CITY CASTING CO., INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and, (if not, attach written
explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: AUGUST 22, 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 7-31-05
($000's)
CASE # 04-67599
ALEXANDER
CITY CASTING CO.
---------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales - -
Cost of Goods Sold
Materials and Freight - -
Wages - Hourly - -
Wages-Salary - -
Employee Benefits and Pension - -
Repairs & Maintenance - -
Supplies - -
Utilities - -
Purchased Components/Services - -
Income(loss) from Pattern Sales - -
Fixed Asset - (gain/loss) - -
MIS Expense - -
Travel & Entertainment - -
Other Variable Costs 1 66
Depreciation & Amortization - -
Other Allocated Fixed Costs - -
Other Fixed Costs - -
--- ------
Cost of Goods Sold 1 66
Gross Profit (1) (66)
Plant SG&A Expense - -
SG&A Expense - Allocation (Sched 1) - -
Other Operating Expenses 11 1,597
--- ------
Total Operating Expenses 11 1,597
Operating Profit (12) (1,663)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) - -
Charges (From) Affiliates - -
Charges To Affiliates - -
Gain/(Loss) On Sales Of Assets 160 160
Outside Dividend Income - -
Foreign Exchange Gain/(Loss) - -
Income/Loss From European Operations - -
Other Income/(Expense) (31) 1
--- ------
Total Non-Operating Expenses 129 161
Income Before Income Taxes 117 (1,502)
Income Tax Expense - 9
--- ------
Net Income 117 (1,511)
=== ======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs July
(Allocation of Corporate Costs to Filing Entities)
(000's)
July
------
Officer Compensation $ 189
Salary Expense other Employees 968
Employee Benefits and Pension 108
Payroll Taxes 53
Other Taxes 3
Rent and Lease Expense 186
Interest Expense
Insurance 54
Automobile and Truck Expense 12
Utilities(Gas Electric,Phone) 41
Depreciation 93
Travel and Entertainment 78
Repairs and Maintenance 48
Advertising/Promotion 7
Supplies, Office Expense 17
OTHER:
Contributions 4
Professional Fees - Audit/Tax 350
Bank Fees 24
Public Reporting Fees 15
Employee Relocation/Training 41
Data Processing 23
Dues and Subscriptions 15
Outside Services 83
Project Development Costs net of Billings 114
Director Fees 25
Miscellaneous 2
Legal Fees 4
Cost Allocation - Europe (78)
Cost Allocation - Out (168)
------
$2,309
======
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 656
------
Total $2,309
======
Intermet Corp and Subsidiaries
Balance sheet as of 07-31-05
($000's)
CASE # 04-67599
----------------
ALEXANDER
CITY CASTING CO.
----------------
Cash And Equivalents $ -
Accounts Receivable -
Short-Term Intercompany Receivables -
Inventories 133
Other Current Assets -
--------
TOTAL CURRENT ASSETS 133
Land and Buildings 537
Machinery & Equipment 1,583
Construction In Progress -
--------
Total Fixed Assets 2,120
Accumulated Depreciation (1,572)
--------
NET FIXED ASSETS 548
Investment In Subsidiaries -
Investment In European Operations -
Long-Term Intercompany Receivables -
Deferred Taxes, Long-Term Asset -
Other Assets -
--------
TOTAL ASSETS $ 681
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ -
Wages and Salaries (See schedule) -
Taxes Payable - (See schedule) 0
--------
TOTAL POST PETITION LIABILITIES 0
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 152
Short-Term Intercompany Payables -
Retirement Benefits -
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities -
Long-Term Intercompany Payables 36,801
Minority Interest -
--------
TOTAL LIABILITIES 36,953
Common Stock 10
Capital In Excess Of Par Value 90
Retained Earnings - Prepetition (34,861)
Retained Earnings - Post Petition (1,511)
Equity In European Operations
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
--------
TOTAL SHAREHOLDER EQUITY (36,272)
--------
TOTAL LIABILITIES AND EQUITY $ 681
========
PERIOD ENDED: 07-31-05 ALEXANDER CITY CASTING CO., INC. CASE #04-67599
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued/ Payments/ as of
6/30/2005 Withheld Deposits 07/31/2005
--------- --------- ---------- ----------
Income tax withheld: Federal $ 0 $ 0 $ 0 $ 0
Income tax withheld: State $ 0 $ 0 $ 0 $ 0
Income tax withheld: Local $ 0 $ 0 $ 0 $ 0
FICA Withheld $ 0 $ 0 $ 0 $ 0
Employers FICA $ 0 $ 0 $ 0 $ 0
Unemployment Tax: Federal $ 0 $ 0 $ 0 $ 0
Unemployment Tax: State $ 0 $ 0 $ 0 $ 0
All Other Payroll W/H $ 0 $ 0 $ 0 $ 0
$ 0 $ 0 $ 0 $ 0
State Taxes: Inc./Sales/Use/Excise $ 2,548 ($ 2,548) $ 0 $ 0
Property Taxes $ 0 $ 0 $ 0 $ 0
Workers Compensation 0 0 0 0
--------- --------- ---------- ----------
Total $ 2,548 ($ 2,548) $ 0 $ 0
Wages and Salaries 0 0 0 0
--------- --------- ---------- ----------
Grand Total $ 2,548 ($ 2,548) $ 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: JULY 31, 2005
ALEXANDER CITY CASTING CO., INC.
Case Number: 04-67599
CASH ACTIVITY ANALYSIS (CASH BASIS ONLY):
General Payroll Tax Cash Coll. Petty Cash
Acct. Acct. Acct. Acct. Acct.
A. Beginning Balance _______ _______ _____ __________ __________
B. Receipts _______ _______ _____ __________ __________
(Attach separate schedule)
C. Balance Available _______ _______ _____ __________ __________
(A+B)
D. Less Disbursements _______ _______ _____ __________ __________
(Attach separate schedule)
E. Ending Balance N/A - COMPANY HAS NO BANK ACCOUNTS
(C-D)
(PLEASE ATTACH COPIES OF MOST RECENT RECONCILED BANK STATEMENTS FROM
EACH ACCOUNT)
General Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Payroll Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Tax Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Other monies on hand (specify type and location) i.e., CD's, bonds, etc.:
___________________________________________________________________________
___________________________________________________________________________
Date: AUGUST 22, 2005 _____________________________
Debtor in Possession
Form 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JULY 31, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: ALEXANDER CITY CASTING CO., INC. Capacity: ___ Shareholder
Case Number: 04-67599 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance ______ _______
Life Insurance ______ _______
Retirement ______ _______
Company Vehicle ______ _______
Entertainment ______ _______
Travel ______ _______
Other Benefits ______ _______
Total Benefits ______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid ______ _______
Loans ______ _______
Other (Describe) ______ _______
Other (Describe) ______ _______
Other (Describe) ______ _______
Total Other Payments ______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
______ $ 0
Dated: AUGUST 22, 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
& 6/22/05-12/22/05
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 JULY 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67605
) Chapter 11
) Judge: Marci B. McIvor
CAST-MATIC CORPORATION )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting
of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: AUGUST 22, 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 7-31-05
($000's)
CASE #04-67605
CAST-MATIC
CORP
------------------------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 2,201 35,949
Cost of Goods Sold
Materials and Freight 1,452 20,692
Wages - Hourly 232 2,659
Wages-Salary 140 1,377
Employee Benefits and Pension 98 932
Repairs & Maintenance 66 1,091
Supplies 169 1,966
Utilities 94 1,082
Purchased Components/Services 102 1,762
Income(loss) from Pattern Sales - -
Fixed Asset - (gain/loss) - (6)
MIS Expense 12 106
Travel & Entertainment 2 22
Other Variable Costs 123 1,684
Depreciation & Amortization 158 1,599
Other Allocated Fixed Costs - (2)
Other Fixed Costs 76 795
----- ------
Cost of Goods Sold 2,724 35,759
Gross Profit (523) 190
Plant SG&A Expense 1 1
SG&A Expense - Allocation (Sched 1) 82 803
Other Operating Expenses - 55
----- ------
Total Operating Expenses 83 859
Operating Profit (606) (669)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (94) (572)
Charges (From) Affiliates - -
Charges To Affiliates - -
Gain/(Loss) On Sales Of Assets - -
Outside Dividend Income - -
Foreign Exchange Gain/(Loss) - -
Income/Loss From European Operations - -
Other Income/(Expense) - 9
----- ------
Total Non-Operating Expenses (94) (563)
Income Before Income Taxes (700) (1,232)
Income Tax Expense 11 142
===== ======
Net Income (711) (1,374)
===== ======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs July
(Allocation of Corporate Costs to Filing Entities)
(000's)
July
------
Officer Compensation $ 189
Salary Expense other Employees 968
Employee Benefits and Pension 108
Payroll Taxes 53
Other Taxes 3
Rent and Lease Expense 186
Interest Expense
Insurance 54
Automobile and Truck Expense 12
Utilities(Gas Electric,Phone) 41
Depreciation 93
Travel and Entertainment 78
Repairs and Maintenance 48
Advertising/Promotion 7
Supplies, Office Expense 17
OTHER:
Contributions 4
Professional Fees - Audit/Tax 350
Bank Fees 24
Public Reporting Fees 15
Employee Relocation/Training 41
Data Processing 23
Dues and Subscriptions 15
Outside Services 83
Project Development Costs net of Billings 114
Director Fees 25
Miscellaneous 2
Legal Fees 4
Cost Allocation - Europe (78)
Cost Allocation - Out (168)
------
$2,309
======
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 656
------
Total $2,309
======
Intermet Corp and Subsidiaries
Balance Sheet as of 07-31-05
($000's)
CASE #04-67605
--------------
CAST-MATIC
CORP
--------------
Cash And Equivalents $ -
Accounts Receivable 6,495
Short-Term Intercompany Receivables -
Inventories 3,594
Other Current Assets 42
--------
TOTAL CURRENT ASSETS 10,131
Land and Buildings 2,889
Machinery & Equipment 17,098
Construction In Progress 1,199
--------
Total Fixed Assets 21,186
Accumulated Depreciation (7,551)
--------
NET FIXED ASSETS 13,635
Investment In Subsidiaries -
Investment In European Operations -
Long-Term Intercompany Receivables -
Deferred Taxes, Long-Term Asset -
Other Assets -
--------
TOTAL ASSETS $ 23,766
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 867
Wages and Salaries (See schedule) 118
Taxes Payable - (See schedule) (7)
--------
TOTAL POST PETITION LIABILITIES 978
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 286
Short-Term Intercompany Payables 848
Retirement Benefits -
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities -
Long-Term Intercompany Payables 18,688
Minority Interest -
--------
TOTAL LIABILITIES 24,013
Common Stock -
Capital In Excess Of Par Value 2,109
Retained Earnings - Prepetition (982)
Retained Earnings - Post Petition (1,374)
Equity in European Operations
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
--------
TOTAL SHAREHOLDER EQUITY (247)
--------
TOTAL LIABILITIES AND EQUITY $ 23,766
========
PERIOD ENDED: 07-31-05 CAST-MATIC CORP. CASE #04-67605
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued/ Payments/ as of
6/30/2005 Withheld Deposits 07/31/2005
------------------------------------------------------------------
Income tax withheld: Federal $ 0 $ 0 $ 0 $ 0
Income tax withheld: State 0 0 0 0
Income tax withheld: Local 0 0 0 0
FICA Withheld 0 0 0 0
Employers FICA 3,320 2,154 0 5,473
Unemployment Tax: Federal 25 65 0 91
Unemployment Tax: State 336 580 0 916
All Other Payroll W/H 0 0 0 0
State Taxes: Inc./Sales/Use/Excise 28,038 11,084 (28,038) 11,084
Property Taxes 111,000 18,500 (157,569) (28,069)
Workers Compensation 3,700 247 (247) 3,700
------------------------------------------------------------------
Total $ 146,419 $ 32,630 ($ 185,854) ($ 6,805)
Wages and Salaries 73,507 44,848 0 118,355
------------------------------------------------------------------
Grand Total $ 219,926 $ 77,478 ($ 185,854) $111,550
==================================================================
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 $ 866,770 $ 866,770 $ 0 $ 0
Accounts Receivable $ 6,393,766 $ 2,488,279 $3,190,343 $715,144
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS: MONTHLY CASH STATEMENT
MONTH ENDED 7/31/2005
CASE # 04-67605
CAST-MATIC CORP (STEVENSVILLE)
---------------------------------------------------
ACCOUNT TYPE LOCKBOX AP PR
ACCOUNT # 5402699440 2770721856 2770721864
BANK Stan Fed Stan Fed Stan Fed
BEGINNING BANK BALANCE - - -
RECEIPTS 2,338,619 - -
TRANSFERS IN (CORPORATE) - 920,988 333,063
DISBURSEMENTS - (920,988) (333,063)
TRANSFERS OUT (CORPORATE) (2,338,619) - -
---------------------------------------------------
ENDING BANK BALANCE - - -
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 844,633
CHECKS ISSUED 665,229
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 358,072
CORPORATE DEBIT MEMOS 1,310
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $1,869,244
==========
OUTSTANDING CHECKS AS OF JUNE 30 393,740
VOIDED CHECKS OUTSTANDING AS OF JUNE 30 -
CHECKS ISSUED DURING JULY 665,229
CHECKS CLEARED DURING JULY (920,988)
----------
OUTSTANDING CHECKS AS OF JULY 31 (SEE OUTSTANDING CHECKLIST) 137,981
==========
CAST-MATIC CORP. CASE NO. 04-67605
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------------------------------------------
ACE HARDWARE $ 441.24
ACE INSURANCE 140.82
ACE PLUMBING & HEATING 523.72
ADAMS MAGNETICS 42.75
ADAMS REMCO 2,349.37
ADP, INC 1,890.54
ADVANCED TECHNOLOGIES SERVICE BUREAU 100.00
AIR TECH ENGINEERING, INC 4,995.00
AITKEN PRODUCTS 3,197.70
ALCOA 702,148.00
ALFE 122,673.00
ALL CITIES OCCUPATIONAL MEDICINE 969.00
ALPHA RESOURCES 75.22
ALRO STEEL CORP 213.37
AMERICA ELECTRIC POWER 32,994.17
AMERICAN ELECTRIC POWER 134.11
AN-DEE'S FLORAL 159.00
ANDERSON GLOBAL 12,220.00
AQUILA 4,467.89
ARAMARK UNIFORM SERVICES, INC 3,629.36
ASSOCIATED BAG 275.28
AUTOMATION DIRECT.COM 1,036.93
BASTIAN MATERIAL HANDLING 83.23
BATTERIES PLUS 179.50
BEACON OPERATIONS CENTER 38,120.21
BOND FLUIDAIRE, INC 707.48
BORRIES MARK SYSTEM 1,900.00
BRAMMALL SUPPLY CO 2,632.06
BURCHETT QUALITY TOOL 8,316.00
C. B. DEKORNE, INC 384.49
CENTENNIAL TECHNOLOGIES, INC 9,885.00
CHARLEVOIX ENERGY TRADING 69,275.83
CHEMSTATION OF NORTHERN INDIANA 960.78
COMPUWARE 231.00
CONDAT 2,673.00
CONNECTION SERVICE 502.14
COVERALL OF WESTERN MICHIGAN 1,320.00
CPC INC 18,423.50
CUSTOM MOLD 380.05
D A DODD 294.69
DECISION ONE CORP 1,440.84
DOUBLEDAY OFFICE PRODUCTS INC 3,059.67
DOWSETT SPRING CO 251.20
EARTHSCAPES LANDSCAPING, INC 1,761.87
EDMUND WEISS 40.00
EIS, INC 1,441.27
E-JAY HERMO PRODUCTS, INC 449.86
EMPIRE PRODUCTS 1,428.30
EWAB ENGINEERING 362.30
FLOWTECH CORPORATION 257.50
FLOYD BARNES 362.05
CAST-MATIC CORP. CASE NO. 04-67605
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------------------------------------------
FUTURE TECH 448.00
GEO. T SCHMIDT, INC 476.07
GLOBAL EXCHANGE SERVICES 212.67
GOLDEN'S FOUNDRY AND MACH 4,247.98
GQM - GRABER, MORHT GMBH 2,984.29
GRAINGER 328.50
GREAT LAKES AUTOMATION 2,204.93
GRIFFIN TOOL, INC 50,453.32
H & H EXPRESS, LLC 16,157.24
HAMPTON INN 825.28
HECO, INC 396.00
HELPMATE 264.16
HEMA GUTHY 135.09
HERSCHALL PRODUCTS 152.70
IKON FINANCIAL 289.66
IKON FINANCIAL 289.68
INDIANA STATE COUNCIL OF SHRM 200.00
INDUSTRIAL SOLUTIONS 4,207.17
J & L INDUSTRIAL 784.40
JACKSON, SHIELDS, YEISER 252.99
JEFF BANKS 487.29
JERZ MACHINE TOOL CORPORATION 5,515.00
JUS-RITE ENGINEERING, INC 57,325.00
KANDLER TOOL CO 787.50
KEENER SAND & CLAY CO 880.00
KENDALL ELECTRIC 4,201.19
KENT RUDBECK 1,489.68
KMH SYSTEMS, INC 2,294.32
LOWES 206.70
M & I MACHINE 4,826.25
MARTIN FLUID POWER 109.47
MATTHEW BROWN 219.87
MCMASTER-CARR SUPPLY CO 5,308.98
MICHIANA SUPPLY 251.90
MICHIGAN CHAMBER SERVICES 209.35
MITCHELL MAZE 116.11
MITTLER SUPPLY, INC 2,052.00
MORRELL 419.35
MOTION INDUSTRIES, INC 7,093.93
NATIONAL ELEMENT 2,904.14
NEFF ENGINEERING CO 656.98
NEWARK IN ONE 255.56
NILES JANITOR SERVICES & SUPPLY 115.00
NMHG FINANCIAL SERVICES 710.85
OMEGA ENGINEERING, INC 296.38
ONDRAKA MANAGEMENT ENTERPRISES, LLC 645.00
PETTY CASH 1,093.86
POLYMET ALLOYS, INC 4,297.80
POOCH WELDING SUPPLY CO 3,031.31
PRATT INDUSTRIES 6,466.78
PRI MAR PETROLEUM, INC 1,170.80
PRIDE WELDING 3,012.00
CAST-MATIC CORP. CASE NO. 04-67605
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------------------------------------------
PRODUCT ACTION INTERNATIONAL 30,990.07
PRODUCTION TOOL 1,200.70
PROVIDENT LIFE 106.25
PYROTEK 33,036.02
QUANTUM CONNECTIONS, LLC 67.00
RADDE AGNECY 28.00
RADIO STATION 600.00
RAPID PRINT 1,085.79
RAY'S MOTEL 648.00
RELIABLE DISPOSAL 450.81
RESERVE ACCOUNT 500.00
ROSE FUEL & MATERAIL, INC 159.89
RX OPTICAL 67.00
SAFETY PRODUCTS DIVISION 2,224.93
SAFETY-KLEEN 920.88
SBC AMERITECH 705.93
SCHOTT SAW CO 3,988.75
SCOPE SERIVCES, INC 56,908.59
SPARTAN WOOD PRODUCTS 655.00
SPRINT 333.52
ST JOSEPH FOP 125.00
STAPLES BUSINESS ADVANTAGE 1,478.21
STEVENSVILLE PAYROLL (INCLUDES DISB BY CORP) 358,071.54
STOUFFER ELECTRIC CO 7,440.00
TED WALLACE 15.00
THAYER, INC 490.46
THE CONNECTION CO. 178.75
TOM TRAINOR 108.75
TRANSMAN 16,828.00
TURMOIL INC 330.05
TURPIN SALES & MARKETING 431.46
TWIN CITIES GLASS 119.84
UNITED SPORTS APPAREL 1,313.85
UNUM LIFE INS. CO OF AMERICA 2,349.93
US INSPECTION SERVICES 10,107.75
VALENITE 165.89
VEKTEK 923.50
W. H DUFFILL, INC 351.96
WATCON, INC 1,806.75
WCR INC 20,805.80
WEST MICHIGAN HYDRAULICS 262.25
WILLIAM A KIBBE & ASSOC 615.00
WILLIAM ATKINS 44.25
WMH FLUIDPOWER 318.89
XPRESS PRINTING 212.56
Y.E.S. 34,222.28
YOUNGBLOOD AIR SYSTEMS 5,570.62
YXLON INTERNATIONAL, INC 4,318.00
--------------
$ 1,869,244.24
==============
CAST-MATIC CORPORATION
CASE NO. 04-67605
AT 7/31/05
STEVENSVILLE - BANK RECONCILIATION
Bank Balance $ -
Outstanding AP Checks 137,980.92
Misc. reconiling items adjusted in August. (47,170.00)
-----------
90,810.92
Unadjusted GL Balance 90,810.92
-----------
Difference $ -
===========
CAST-MATIC CORPORATION
CASE NO. 04-67605
STEVENSVILLE
OUTSTANDING CHECKS
CASE NO. 04-67605
DATE CHECK OUTSTANDING
6/30/2005 50948 $ 1,118.88
7/7/2005 51006 316.66
7/7/2005 51028 264.16
7/8/2005 51063 1,540.00
7/13/2005 51073 332.57
7/14/2005 51094 503.73
7/14/2005 51114 100.00
7/21/2005 51135 135.17
7/21/2005 51136 506.39
7/21/2005 51151 441.86
7/21/2005 51154 575.62
7/21/2005 51164 6,466.78
7/21/2005 51172 4.24
7/22/2005 51178 1,598.85
7/22/2005 51179 34.50
7/22/2005 51180 1,900.00
7/25/2005 51184 77.45
7/26/2005 51186 1,050.00
7/26/2005 51187 923.50
7/27/2005 51189 1,598.85
7/29/2005 51191 397.12
7/28/2005 51192 356.69
7/28/2005 51193 1,669.96
7/28/2005 51194 100.00
7/28/2005 51195 4,995.00
7/28/2005 51196 969.00
7/28/2005 51197 134.11
7/28/2005 51198 21.05
7/28/2005 51199 12,220.00
7/28/2005 51200 159.00
7/28/2005 51201 576.15
7/28/2005 51202 8,288.20
7/28/2005 51203 604.40
7/28/2005 51204 290.03
7/28/2005 51205 3,636.00
7/28/2005 51206 119.08
7/28/2005 51207 178.75
7/28/2005 51208 1,440.84
7/28/2005 51209 479.48
7/28/2005 51210 1,761.87
7/28/2005 51211 62.29
7/28/2005 51212 197.80
7/28/2005 51213 169.90
7/28/2005 51214 18,360.00
7/28/2005 51215 495.68
7/28/2005 51216 200.00
7/28/2005 51217 1,705.88
7/28/2005 51218 787.50
7/28/2005 51219 880.00
7/28/2005 51220 1,669.27
7/28/2005 51221 1,180.12
7/28/2005 51222 617.00
7/28/2005 51223 106.77
7/28/2005 51224 710.85
7/28/2005 51225 645.00
7/28/2005 51226 357.17
7/28/2005 51227 19,180.25
7/28/2005 51228 1,770.10
7/28/2005 51229 600.00
7/28/2005 51230 450.81
7/28/2005 51231 28.00
7/28/2005 51232 633.51
7/28/2005 51233 325.65
7/28/2005 51234 13,662.61
7/28/2005 51235 255.66
7/28/2005 51236 125.00
7/28/2005 51237 162.29
7/28/2005 51238 119.84
7/28/2005 51239 2,349.93
7/28/2005 51240 4,467.89
7/28/2005 51241 270.00
7/28/2005 51242 262.25
7/28/2005 51243 2,318.00
7/28/2005 51244 4,036.80
7/28/2005 51245 182.49
7/28/2005 51246 219.87
7/28/2005 51248 40.00
7/28/2005 51249 108.75
7/29/2005 51250 380.05
$137,980.92
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JULY 31, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: CAST-MATIC CORPORATION Capacity: _____ Shareholder
Case Number: 04-67605 _____ Officer
_____ Director
_____ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED AT INTERMET
CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance ______ _______
Life Insurance ______ _______
Retirement ______ _______
Company Vehicle ______ _______
Entertainment ______ _______
Travel ______ _______
Other Benefits ______ _______
Total Benefits ______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid ______ _______
Loans ______ _______
Other (Describe) ______ _______
Other (Describe) ______ _______
Other (Describe) ______ _______
Total Other Payments ______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
______ $ 0
Dated: AUGUST 22, 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
& 6/22/05-12/22/05
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 JULY 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67609
) Chapter 11
) Judge: Marci B. McIvor
COLUMBUS FOUNDRY, L.P. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
X Operating Statement (Form 2)
X Balance Sheet (Form 3)
X Summary of Operations (Form 4)
X Monthly Cash Statement (Form 5)
X Statement of Compensation (Form 6)
X Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: AUGUST 22, 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 7-31-05
($000's)
CASE #04-67609
COLUMBUS
FOUNDRY
----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 6,652 122,927
Cost of Goods Sold
Materials and Freight 1,868 41,513
Wages - Hourly 1,276 16,886
Wages-Salary 474 4,757
Employee Benefits and Pension 741 8,342
Repairs & Maintenance 883 8,056
Supplies 552 6,877
Utilities 689 8,290
Purchased Components/Services 161 5,946
Income(loss) from Pattern Sales (362) (1,381)
Fixed Asset - (gain/loss) - 11
MIS Expense 63 576
Travel & Entertainment 13 94
Other Variable Costs (164) 1,466
Depreciation & Amortization 396 4,637
Other Allocated Fixed Costs - 1
Other Fixed Costs 134 1,598
----- -------
Cost of Goods Sold 6,724 107,669
Gross Profit (72) 15,258
Plant SG&A Expense 28 322
SG&A Expense - Allocation (Sched 1) 313 3,061
Other Operating Expenses - 415
----- -------
Total Operating Expenses 341 3,798
Operating Profit (413) 11,460
Outside Interest Income - -
Outside Interest (Expense) - (6)
Intercompany Interest Income - -
Intercompany Interest (Expense) (272) (2,046)
Charges (From) Affiliates - -
Charges To Affiliates - -
Gain/(Loss) On Sales Of Assets - -
Outside Dividend Income - -
Foreign Exchange Gain/(Loss) - -
Income/Loss From European Operations - -
Other Income/(Expense) - -
----- -------
Total Non-Operating Expenses (272) (2,052)
Income Before Income Taxes (685) 9,408
Income Tax Expense 32 355
----- -------
Net Income (717) 9,053
===== =======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs July
(Allocation of Corporate Costs to Filing Entities)
(000's)
July
------
Officer Compensation $ 189
Salary Expense other Employees 968
Employee Benefits and Pension 108
Payroll Taxes 53
Other Taxes 3
Rent and Lease Expense 186
Interest Expense
Insurance 54
Automobile and Truck Expense 12
Utilities(Gas Electric,Phone) 41
Depreciation 93
Travel and Entertainment 78
Repairs and Maintenance 48
Advertising/Promotion 7
Supplies, Office Expense 17
OTHER:
Contributions 4
Professional Fees - Audit/Tax 350
Bank Fees 24
Public Reporting Fees 15
Employee Relocation/Training 41
Data Processing 23
Dues and Subscriptions 15
Outside Services 83
Project Development Costs net of Billings 114
Director Fees 25
Miscellaneous 2
Legal Fees 4
Cost Allocation - Europe (78)
Cost Allocation - Out (168)
------
$2,309
======
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 656
------
Total $2,309
======
Intermet Corp and Subsidiaries
Balance Sheet as of 07-31-05
($000's)
CASE #04-67609
--------------
COLUMBUS
FOUNDRY
--------------
Cash And Equivalents $ -
Accounts Receivable 18,002
Short-Term Intercompany Receivables 77
Inventories 8,064
Other Current Assets 637
--------------
TOTAL CURRENT ASSETS 26,780
Land and Buildings 12,763
Machinery & Equipment 78,140
Construction In Progress 941
--------------
Total Fixed Assets 91,844
Accumulated Depreciation (62,535)
--------------
NET FIXED ASSETS 29,309
Investment In Subsidiaries -
Investment In European Operations -
Long-Term Intercompany Receivables 34,441
Deferred Taxes, Long-Term Asset -
Other Assets 616
--------------
TOTAL ASSETS $ 91,146
==============
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 1,934
Wages and Salaries (See schedule) 31
Taxes Payable - (See schedule) 821
--------------
TOTAL POST PETITION LIABILITIES 2,786
SECURED LIABILITIES:
SECURED DEBT -
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes -
Accrued Tax - State -
Accrued Property Taxes -
Accrued Workers Comp. 105
Accrued Payroll -
Accrued Payroll Taxes -
--------------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 105
UNSECURED LIABILITIES
Accounts Payable 9,841
Senior & IDR Bonds -
--------------
TOTAL UNSECURED LIABILITIES 9,841
OTHER LIABILITIES
Accrued Liabilities 2,569
Short-Term Intercompany Payables -
Retirement Benefits (739)
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities -
Long-Term Intercompany Payables 1,336
Minority Interest -
--------------
TOTAL LIABILITIES 15,898
Common Stock -
Capital In Excess Of Par Value 4,592
Retained Earnings - Prepetition 61,603
Retained Earnings - Post Petition 9,053
Equity In European Operations
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
--------------
TOTAL SHAREHOLDER EQUITY 75,248
--------------
TOTAL LIABILITIES AND EQUITY $ 91,146
==============
PERIOD ENDED: 07-31-05 COLUMBUS FOUNDRY CASE #04-67609
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued/ Payments/ as of
6-30-05 Withheld Deposits 7-31-05
--------------------------------------------------------------------------
Income tax withheld: Federal $ 0 ($ 191,466) $ 160,539 ($ 30,927)
Income tax withheld: State 0 (87,773) 72,644 (15,129)
Income tax withheld: Local 0 0 0 0
FICA Withheld 0 (161,392) 133,092 (28,300)
Employers FICA (20,321) (110,870) 133,038 1,846
Unemployment Tax: Federal (4,708) (1,566) 5,334 (940)
Unemployment Tax: State (25,502) (7,430) 29,680 (3,252)
All Other Payroll W/H (68,548) (179,402) 192,985 (54,965)
State Taxes: Inc./Sales/Use/Excise (187,031) (63,464) 187,031 (63,464)
Property Taxes (299,918) (50,000) 0 (349,918)
Workers Compensation (236,278) (40,000) 0 (276,278)
--------------------------------------------------------------------------
Total ($ 842,306) ($ 893,362) $ 914,342 ($ 821,325)
Wages and Salaries (335,633) (1,848,205) 2,153,281 (30,557)
--------------------------------------------------------------------------
Grand Total ($1,177,939) ($ 2,741,567) $3,067,623 ($ 851,883)
==========================================================================
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 $ 1,933,965 $ 1,933,965 $ 0 $ 0
Accounts Receivable $18,325,593 $16,787,477 $ 126,412 $1,411,705
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 7/31/2005
MONTHLY CASH STATEMENT
CASE # 04-67609
COLUMBUS FOUNDRY
----------------------------------------------------------
ACCOUNT TYPE DEPOSIT AP PR (HOURLY) PR (SALARY)
ACCOUNT # 5401086425 2770716492 2770716484 2770716658
BANK Stan. Fed. Stan. Fed. Stan. Fed. Stan. Fed.
BEGINNING BANK BALANCE - - - -
RECEIPTS 8,976,964 - 1 -
TRANSFERS IN (CORPORATE) - 3,483,435 1,868,981 427,130
DISBURSEMENTS (8,976,964) (3,483,435) (1,868,982) (427,130)
TRANSFERS OUT (CORPORATE) - - - -
----------------------------------------------------------
ENDING BANK BALANCE - - - -
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 2,585,496
CHECKS ISSUED 3,346,532
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 3,175,493
CORPORATE DEBIT MEMOS 1,316
-------------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 9,108,838
=============
OUTSTANDING CHECKS AS OF JUNE 30 787,790
VOIDED CHECKS OUTSTANDING AS OF JUNE 30 -
CHECKS ISSUED DURING JULY 3,346,532
Excludes $137,232 of misc EFT's
CHECKS CLEARED DURING JULY (3,343,982) and $ 2,221 of misc other.
-------------
OUTSTANDING CHECKS AS OF JULY 31 (SEE OUTSTANDING CHECKLIST) $ 790,341
=============
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
- ---------------------------------------------------------------------------------------------
300 BELOW, INC. $ 2,363.85
ABEL, JOHN N. 600.00
ACTION MACHINERY 12,171.04
ACTIVATION, INC. 22,607.91
ADI FASTENER - COLUMBUS, INC. 433.34
ADP INC 2,835.40
ADULT PROBATION OFFICE 1,855.70
ADVANCED OFFICE PRODUCT 147.66
AETNA US HEALTHCARE 9,962.31
AFS BIRMINGHAM CHAPTER 500.00
AIR COMPRESSOR TECHNOLOGIES 9,800.00
AIRGAS DRY ICE 4,360.26
AIRGAS SOUTH INC. 6,777.06
ALABAMA CHILD SUPPORT PAYMENT 10,866.02
ALABAMA DEPT OF ENVIRONMENTAL 75.00
ALEXANDERSON, ERIC 97.17
ALLEGRA PRINT & IMAGING 3,223.07
ALLEN RICHIE 1,016.53
ALLIED MINERAL PRODUCTS INC 68,701.27
ALLIED VAN LINES INC 5,814.29
AMERALLOY STEEL COPRORATION 1,718.26
AMERICAN BUSINESS FORMS 11,808.20
AMERICAN COLLOID COMPANY 222,215.47
AMERICAN FAMILY LIFE 214.39
APPLIED TECHNICAL SERVICE 276.25
ATMOS ENERGY 83,750.37
AUTOMATED BUSINESS MACHINES 1,364.00
AUTOMATION PRODUCTS, INC. 200.18
BARLOWORLD HANDLING LP 15,203.69
BEARDSLEY & PIPER, LLC 5,268.00
BEARINGS & DRIVES, INC. 264.45
BEAUFORT COUNTY FAMILY COURT 253.08
BELL SOUTH 2,369.46
BELLWEATHER, INC 7,109.01
BERGER ANDERSON 1,985.66
BERTHIAUME, BEN 82.26
BETTY BASS FLOWERS & GIFTS 210.74
B-H TRANSFER CO 8,240.66
BLAKE & PENDLETON INC. 1,288.75
BLAST MASTER 2,425.00
BLASTCRETE EQUIPMENT COMPANY 2,948.74
BONNER JR., FRANK W. 1,371.71
BRAMMER SAFETY, INC. 1,349.00
BROADSPIRE SERVICES INC 39,582.03
BUCK ICE & COAL CO. 2,859.20
CAIL TOOL & MACHINERY, INC 3,943.20
CAMERON & BARKLEY CO. 4,951.18
CARLA DEVITA REED 600.00
CARRIER VIBRATING EQUIPMENT, INC. 12,135.51
CENTRAL WAREHOUSE CO. 612.50
CFI PAYROLL (INCLUDES AMOUNTS DISBURSED BY CORP) 3,175,493.36
CHAMPION CHISEL WORKS, INC. 9,475.25
CHAPTER 13 TRUSTEE 16,741.15
CHILD SUPPORT ENFORCEMENT, FSR 225.00
CINTAS CORP. 8,075.21
CINTAS CORPORATION 1,266.54
CIT TECHNOLOGY FIN SERV, INC 1,196.26
CLARK, ART 2,981.10
CLAWSON CONTAINER 1,768.00
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
- ---------------------------------------------------------------------------------------------
CLERK OF MUNICIPAL COURT 1,276.74
CLERK OF THE CIRCUIT COURT 125.25
CLIENT SERVICES ECM (FIDELITY) 105.10
CLIFTON STEEL COMPANY 844.81
COBB WIRE ROPE & SLING CO. 1,064.57
COLUMBUS CONSOLIDATED GOV'T 200.00
COLUMBUS FIRE & SAFETY EQUIP 743.56
COLUMBUS INDUSTRIAL SUPPLY 2,695.64
COLUMBUS TECHNICAL INSTITUTE 899.00
COLUMBUS WATER WORKS 12,695.24
CONSTRUCTION MANAGEMENT SERVIC 37,170.00
CORINNE T. HURST/CIRCUIT CLERK 151.00
CROSS TYPEWRITER REPAIR 55.00
CROWN EQUIPMENT CORP. 81.92
CTC ANALYTICAL SERVICES, INC. 160.25
CURTIS REDDING 1,428.00
DAN KLEIBER 1,500.00
DANEE INC 7,938.49
DANIELS, RICHARD 629.62
DAUBER COMPANY, INC. 27,040.00
DEFENDER SERVICES INC 15,728.72
DELPHI E&C DAYTON TECH. CENTER 800.00
DIDION INTERNATIONAL INC 163,568.81
DIMENSIONAL GAUGE COMPANY 1,780.00
DISAMATIC 13,680.30
DYNAMIC AIR INC. 719.42
E COHN COMPANY, INC. 3,600.00
EAGLITE CHEMICALS 10,580.00
EAST COAST INDUSTRIAL TIRE 10,727.29
EDDIE WILLIAMS 8,051.29
EDWARD E. RIFFLE 450.00
ELECTRIC MELTING SRVCES SW INC 88,972.69
ELKEM METALS, INC. 87,123.58
ENGINEERING GRAPHIC SERVICES 573.88
ENSMINGER CRANE 1,710.00
ENTERPRISE 1,118.79
ENVIRONMENTAL RESOURCE ANALYST 366.00
ENVIRONMENTAL TECHNOLOGY CORP 51.65
EXCEL TECHNOLOGIES, INC 1,989.53
F & B AUTO ELECTRIC SERVICE 1,235.85
FERGUSON ENTERPRISES 11,434.75
FLETCHER OIL INC. 6,044.89
FLORIDA TRANSFORMAR, INC. 2,960.00
FOUNDRY SUPPLY GROUP, INC. 1,558.00
FREEMAN MFG. & SUPPLY CO. 1,336.74
G E CAPITAL 007 4,951.96
G E CAPITAL 008 7,553.13
G E INDUSTRIAL & POWER SYSTEMS 2,020.00
GA AUTOMATION CO. INC. 544.67
GA SUBSEQUENT INJURY TRUST FND 55,125.49
GENERAL KINEMATICS 1,367.05
GENTRY MACHINE WORKS, INC. 38,535.55
GEORGIA DEPT OF LABOR 80.00
GEORGIA POWER 786,232.67
GLENWOOD SCHOOL 500.00
GLOBAL DOSIMRY SOLUTIONS INC 118.26
GLOBE METALLURGICAL INC 270,925.20
GWINNETT MAGISTRATE COURT 592.44
HA INTERNATIONAL LLC 27,779.14
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
- ---------------------------------------------------------------------------------------------
HARTLEY CONTROLS INC. 5,806.11
HAUTT, PETE 139.98
HERAEUS ELECTRO-NITE CO. 16,386.88
HINTON, BOB 1,029.82
HOUGHTON INTERNATIONAL 10,569.46
IDENTICARD SYSTEMS, INC 652.76
IFCO INDUSTRIAL CONTAINER SYS 2,404.83
IHRIE, THOMAS 57.26
IKON OFFICE SOLUTIONS 254.66
INDUCTOTHERM CORP. 15,059.63
INDUSTRIAL 1 SUPPLY CO. 62,315.12
INDUSTRIAL CONTRACTING SERVICE 24,941.95
INDUSTRIAL METAL FABRICATORS 57,967.00
INDUSTRIAL SORTING SERVICES, I 2,315.21
INDUSTRIAL VENTILATION INC. 10,715.00
INTERNAL REVENUE SERVICE 1,265.50
INTERNAL REVENUE SERVICE 320.00
INTERNATIONAL TREASURER-USAW 9,341.18
INTERSTATE ELECTRICAL SUPPLY 76,695.74
JESS W. JACKSON & ASSOCIATES 3,445.27
JOHNSON DIVERSITY/ DUBOIS 3,217.50
JOHNSTONE SUPPLY 728.56
KASMIER & ASSOCATES, INC. 2,000.00
KENNETH T. LARSON 133.51
KENT RUDBECK 7,818.79
KEVIN MARTIN 1,311.97
K-MART 60.45
KNOX PEST CONTROL 108.00
KONIECZNY TOOL 7,400.00
KRAUTKRAMER BRANSON, INC. 23,108.95
LABCORP OF AMERICA HOLDINGS 1,235.50
LAEMPE + REICH CORPORATION 1,154.21
LAKE, STEVE 3,000.00
LAND TRANSPORTATION 87,325.43
LARPEN METALLURGIAL SERVICE 64,680.00
LASER CHECKS OF GEORIGIA, LLC 196.88
LATHAM TIME RECORDERS 360.70
LIFTSYSTEMS OF GA LLC 21,913.92
LINA 250.00
LINDE GAS LLC 6,081.89
LORAMENDI, INC 4,745.32
MAGISTRATE COURT OF 742.28
MARCH OF DIMES 770.00
MARPOSS CORPORATION 2,012.64
MARTIN BROTHERS CONTAINERS 5,310.36
MARYLAND WIRE BELTS, INC. 890.27
MAYS, DANNY J. 47.62
MCI 3,040.36
MCI CONFERENCING 643.69
MCMASTER-CARR SUPPLY CO 138.34
METOKOTE CORPORATION 55,826.02
MICHAEL SMITH 1,044.00
MID SOUTH/IMW 23,300.00
MIKE & ED'S BAR - B-Q 223.10
MIKE GRAY 227.26
MIKE WINDISH 6,588.66
MILLER AND COMPANY LLC 73,915.13
MILLER LANDSCAPING 700.00
MODERN EQUIPMENT COMPANY 2,177.42
MORRIS MATERIAL HANDLING 58,486.73
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
- ---------------------------------------------------------------------------------------------
MOTION INDUSTRIES, INC. 65,975.13
NATIONAL BELT SERVICE, INC 19,762.00
NC CHILD SUPPORT CENTRALIZED 260.86
NEWCO 17,549.71
NOBLE SALES 50,653.64
NORFOLK SOUTHERN CORPORATION 39,700.00
NORTHBEND PATTERN WORKS,LLC 1,432.50
NORTHSIDE FOOTBALL BOOSTERS 140.00
OCCUPATIONAL MEDICINE OF 1,320.00
OFFICE DEPOT CREDIT PLAN 1,651.12
OHIO CSPC 716.15
OMI REFRACTORIES 17,369.42
OMNISOURCE CORPORATION - COPPER 66,800.00
OMNISOURCE CORPORATION - STEEL 914,797.56
ORTON 204.65
OVERBY COMPANY, THE 6,379.36
PAMELA LASHALL HOLT 517.51
PARMER WATER COMPANY 52.65
PERFECT PATTERNS INC. 79,780.00
PETER STARK 125.35
PIEDMONT FOUNDRY SUPPLY, INC. 11,007.20
PIEDMONT NATIONAL CORPORATION 6,285.52
POWELL SYSTEMS, INC. 38,013.75
POWERMOTION 500.37
PREFERRED SOURCING 3,225.50
PRIMETRADE, INC. 752,088.94
PRO ENVIROMENTAL CORPORATION 3,675.00
PROVIDENT LIFE 92.09
PROVIDENT LIFE & ACCIDENT INS. 3,433.11
PRYOR GIGGEY COMPANY 5,808.00
QUALI-FAB. INC. 1,650.00
R&R SAFETY SHOE SERVICE 1,566.48
RADIO WHOLESALE MARKETING 1,050.47
RAY RENTS, INC. 320.00
REAVES WRECKING 4,113.11
RED HILL GRINDING WHEEL CORP. 291.57
REFRACTORY SALES & SERVICE CO. 3,040.00
REYNOLDS SUPPLY CO. 3,181.51
RODGERS METAL CRAFT, INC. 27,993.56
SAFETY SOUTH 12,565.93
SAFETY-KLEEN CORP. 1,370.70
SAM'S WELDING 5,231.28
SCALE SYSTEMS, INC. 1,501.20
SCORE, INC 9,162.00
SCOTT RUITER 695.87
SERVICE FIRST, INC. 302.35
SHANNON BAKER ASSOCIATES, INC. 81,207.50
SHEMWELL, DAVID 1,989.41
SHOES 'N COMPANY 1,081.16
SIMPSON TECHNOLOGIES 2,292.00
SMITH GRAY ELECTRIC CO., INC. 15,799.17
SMITH, MIKE 1,295.17
SOUTHERN STATES TOYOTALIFT 9,960.85
SOUTHLAND CHEMICAL 82.13
SPAR SPECIALTY REFRACTORIES 12,672.00
SPECIALTY CARBIDE PRODUCTS 448.25
SPECIALTY FOUNDRY PRODUCT 12,663.42
SPRINT 13.06
SPRINT PCS 2,660.43
STATE CENTRAL UNIT 640.00
COLUMBUS FOUNDRY CASE NO. 04-67609
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
- ---------------------------------------------------------------------------------------------
STATE COLLECTION & DISBUREMENT 500.00
STREET, DANIEL 995.97
SUPREME CORES OF THE CAROLINAS 7,644.00
TECHNICAL SERVICES GROUP INC 3,350.00
THE BUSINESS RESOURCE CENTER 180.00
THE NEW KEIBLER-THOMPSON CO. 11,222.00
THOMAS SCIENTIFIC 1,637.48
TRANS-MAN LOGISTICS, INC. 62,796.93
TRIPLE M MANUFACTURING, INC. 5,620.00
TRU KUT INC 2,761.39
TWIN CITY FAN + BLOWER 32,800.00
U.S. DEPT OF EDUCATION 316.24
UMETCO, INC 58,905.00
UNIFRAX 28,641.60
UNIMIN CORPORATION 47,995.20
UNITED POWER SERVICE INC 1,564.00
UNITED STATES POSTAL SERVICE 1,000.00
UNITED WAY CHATTAHOOCHEE CTY 1,419.00
VALLEY PLUMBING COMPANY 560.00
VALUATION GROUP, THE 25,111.53
VAN ALLEN FIRST AID + SAFETY 1,397.92
VESUVIUS U.S.A. 19,425.42
VICTORIA BODLEY 200.00
VOLVO RENTS 9,660.10
VULCAN ELECTRO COATING 13,688.70
VULCAN ENGINEERING CO. 19,128.85
WARNER PAINT & DECORATING CENT 1,036.15
WARR GRADING CONTRACTOR 17,463.00
WASTE MANAGEMENT 3,118.42
WEAVER, ROBERT W 1,152.13
WEST INDUSTRIAL SERVICES 573.80
WHEELABRATOR ABRASIVES, INC. 34,356.00
WHEELABRATOR INTERNATIONAL 41,667.16
WILLIAM A.KIBBE & ASSOCIATES 1,605.00
WINGATE INN 1,028.28
YANCEY BROS. CO., 194.25
YELLOW CAB OF COLUMBUS INC. 43.40
-------------
$9,108,838.04
COLUMBUS FOUNDRY
CASE NO. 04-67609
AT 7/31/05
COLUMBUS FOUNDRY - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 790,340.73
Unadjusted GL Balance 790,340.73
-----------
Difference $ -
===========
COLUMBUS FOUNDRY
OUTSTANDING CHECK LIST
CASE NO. 04-67609
DATE CHECK OUTSTANDING
3/11/2005 18449 23.95
6/14/2005 20551 541.68
6/21/2005 20659 11,441.51
6/28/2005 20767 800.00
6/28/2005 20774 151.00
6/30/2005 20824 12,450.00
6/30/2005 20841 3,331.00
7/6/2005 20946 6,814.51
7/6/2005 20958 75.00
7/6/2005 20970 39,350.00
7/8/2005 20982 22,812.00
7/8/2005 21003 4,090.00
7/12/2005 21058 1,677.76
7/14/2005 21118 10,270.00
7/14/2005 21124 12,562.34
7/19/2005 21160 219.20
7/19/2005 21161 17,930.40
7/19/2005 21162 265.26
7/19/2005 21171 2,012.64
7/19/2005 21181 55.00
7/19/2005 21184 250.00
7/19/2005 21186 157.53
7/21/2005 21199 76.25
7/21/2005 21210 9,108.00
7/21/2005 21212 13,520.00
7/21/2005 21215 922.24
7/21/2005 21216 544.67
7/21/2005 21221 254.66
7/21/2005 21223 24,941.95
7/21/2005 21226 60.45
7/21/2005 21227 882.61
7/21/2005 21230 196.88
7/21/2005 21232 4,569.82
7/21/2005 21233 754.38
7/21/2005 21242 120.25
7/21/2005 21246 17,050.00
7/21/2005 21248 878.20
7/21/2005 21250 291.57
7/21/2005 21252 7,714.15
7/21/2005 21255 302.35
7/21/2005 21257 7,486.87
7/21/2005 21261 5,620.00
7/21/2005 21262 1,564.00
7/21/2005 21264 906.34
7/21/2005 21267 3,118.42
7/21/2005 21270 5,606.10
7/21/2005 21272 200.00
7/21/2005 21273 2,750.00
7/21/2005 21274 12,555.76
7/21/2005 21277 53,573.18
7/26/2005 21292 12,171.04
7/26/2005 21293 12,876.96
7/26/2005 21294 682.00
7/26/2005 21295 820.02
7/26/2005 21296 210.74
7/26/2005 21297 3,435.72
7/26/2005 21298 1,196.26
7/26/2005 21299 171.61
7/26/2005 21300 5,250.00
7/26/2005 21302 9,680.00
7/26/2005 21303 1,989.53
7/26/2005 21304 149.24
7/26/2005 21305 4,951.96
7/26/2005 21306 2,020.00
7/26/2005 21307 2,906.50
7/26/2005 21308 426.93
7/26/2005 21312 997.23
7/26/2005 21313 27.36
7/26/2005 21314 9,240.00
7/26/2005 21315 1,448.87
7/26/2005 21316 412.00
7/26/2005 21317 621.06
7/26/2005 21318 9,481.51
7/26/2005 21319 43.04
7/26/2005 21320 7,061.42
7/26/2005 21321 2,181.15
7/26/2005 21323 4,306.75
7/26/2005 21324 5,231.28
7/26/2005 21325 300.00
7/26/2005 21326 21,400.08
7/26/2005 21327 14,040.00
7/26/2005 21328 2,363.85
7/26/2005 21329 20.87
7/26/2005 21330 9,962.31
7/26/2005 21332 214.39
7/26/2005 21333 82.26
7/26/2005 21335 899.00
7/26/2005 21336 12,671.54
7/26/2005 21337 339.89
7/26/2005 21338 80.00
7/26/2005 21339 1,029.82
7/26/2005 21340 57.26
7/26/2005 21341 250.00
7/26/2005 21342 770.00
7/26/2005 21343 47.62
7/26/2005 21344 1,934.62
7/26/2005 21345 227.26
7/26/2005 21346 3,433.11
7/26/2005 21348 2,660.43
7/28/2005 21355 551.80
7/28/2005 21356 1,718.26
7/28/2005 21357 664.45
7/28/2005 21358 1,288.75
7/28/2005 21359 1,349.00
7/28/2005 21360 17,660.44
7/28/2005 21361 1,502.27
7/28/2005 21362 3,943.20
7/28/2005 21363 664.36
7/28/2005 21364 143.18
7/28/2005 21365 131.36
7/28/2005 21366 401.72
7/28/2005 21367 5,694.30
7/28/2005 21368 3,600.00
7/28/2005 21369 5,803.61
7/28/2005 21370 573.88
7/28/2005 21371 1,710.00
7/28/2005 21372 148.73
7/28/2005 21373 4,081.44
7/28/2005 21374 2,960.00
7/28/2005 21375 800.00
7/28/2005 21376 4,001.11
7/28/2005 21377 6,329.79
7/28/2005 21378 7,889.00
7/28/2005 21380 6,503.41
7/28/2005 21381 3,343.12
7/28/2005 21382 3,700.00
7/28/2005 21383 9,240.00
7/28/2005 21384 944.46
7/28/2005 21385 138.34
7/28/2005 21388 19,689.22
7/28/2005 21389 223.10
7/28/2005 21390 2,982.66
7/28/2005 21391 158.15
7/28/2005 21392 5,542.60
7/28/2005 21393 1,370.05
7/28/2005 21395 9,020.00
7/28/2005 21396 3,547.81
7/28/2005 21397 76.60
7/28/2005 21398 985.47
7/28/2005 21399 252.52
7/28/2005 21400 2,632.20
7/28/2005 21401 316.93
7/28/2005 21402 6,283.77
7/28/2005 21403 1,771.73
7/28/2005 21404 1,568.04
7/28/2005 21405 1,476.32
7/28/2005 21406 2,800.00
7/28/2005 21407 5,736.28
7/28/2005 21408 1,996.65
7/28/2005 21409 1,855.70
7/28/2005 21410 500.00
7/28/2005 21411 10,866.02
7/28/2005 21412 5,814.29
7/28/2005 21413 253.08
7/28/2005 21414 798.70
7/28/2005 21415 600.00
7/28/2005 21416 16,741.15
7/28/2005 21417 1,276.74
7/28/2005 21418 125.25
7/28/2005 21419 151.00
7/28/2005 21420 1,428.00
7/28/2005 21421 7,938.49
7/28/2005 21422 450.00
7/28/2005 21423 500.00
7/28/2005 21424 592.44
7/28/2005 21425 320.00
7/28/2005 21426 1,265.50
7/28/2005 21427 9,341.18
7/28/2005 21428 742.28
7/28/2005 21429 1,105.74
7/28/2005 21430 260.86
7/28/2005 21431 140.00
7/28/2005 21432 716.15
7/28/2005 21433 517.51
7/28/2005 21434 695.87
7/28/2005 21435 1,339.49
7/28/2005 21436 13.06
7/28/2005 21437 640.00
7/28/2005 21438 500.00
7/28/2005 21439 180.00
7/28/2005 21440 316.24
7/28/2005 21441 1,419.00
7/28/2005 21442 200.00
7/28/2005 21443 573.80
7/28/2005 21444 29,917.93
7/28/2005 21445 28,710.81
$ 790,340.73
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JULY 31, 2005
The following information is to be provided for each shareholder,
officer, director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: COLUMBUS FOUNDRY, L.P. Capacity: ___ Shareholder
Case Number: 04-67609 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $ 0
Dated: AUGUST 22, 2005 ________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
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
& 6/22/05-12/22/05
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 JULY 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67612
) Chapter 11
) Judge: Marci B. McIvor
DIVERSIFIED DIEMAKERS, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting
of:
X Operating Statement (Form 2)
X Balance Sheet (Form 3)
X Summary of Operations (Form 4)
X Monthly Cash Statement (Form 5)
X Statement of Compensation (Form 6)
X Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: AUGUST 22, 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 7-31-05
($000's)
CASE #04-67612
DIVERSIFIED
DIEMAKERS
-------------------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 3,826 71,476
Cost of Goods Sold
Materials and Freight 838 24,174
Wages - Hourly 980 13,403
Wages-Salary 128 1,509
Employee Benefits and Pension 597 7,677
Repairs & Maintenance 337 4,090
Supplies 127 1,320
Utilities 261 2,566
Purchased Components/Services - -
Income(loss) from Pattern Sales 90 1,753
Fixed Asset - (gain/loss) - -
MIS Expense - -
Travel & Entertainment 5 40
Other Variable Costs 324 4,701
Depreciation & Amortization 635 6,763
Other Allocated Fixed Costs 240 3,457
Other Fixed Costs 151 1,423
------ -------
Cost of Goods Sold 4,713 72,876
Gross Profit (887) (1,400)
Plant SG&A Expense - (6)
SG&A Expense - Allocation (Sched 1) 257 2,519
Other Operating Expenses 33 551
------ -------
Total Operating Expenses 290 3,064
Operating Profit (1,177) (4,464)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (240) (2,089)
Charges (From) Affiliates - -
Charges To Affiliates - -
Gain/(Loss) On Sales Of Assets - 13
Outside Dividend Income - -
Foreign Exchange Gain/(Loss) - -
Income/Loss From European Operations - -
Other Income/(Expense) - -
------ -------
Total Non-Operating Expenses (240) (2,076)
Income Before Income Taxes (1,417) (6,540)
Income Tax Expense - 41
------ -------
Net Income (1,417) (6,581)
====== =======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs July
(Allocation of Corporate Costs to Filing Entities)
(000's)
July
------
Officer Compensation $ 189
Salary Expense other Employees 968
Employee Benefits and Pension 108
Payroll Taxes 53
Other Taxes 3
Rent and Lease Expense 186
Interest Expense
Insurance 54
Automobile and Truck Expense 12
Utilities(Gas Electric,Phone) 41
Depreciation 93
Travel and Entertainment 78
Repairs and Maintenance 48
Advertising/Promotion 7
Supplies, Office Expense 17
OTHER:
Contributions 4
Professional Fees - Audit/Tax 350
Bank Fees 24
Public Reporting Fees 15
Employee Relocation/Training 41
Data Processing 23
Dues and Subscriptions 15
Outside Services 83
Project Development Costs net of Billings 114
Director Fees 25
Miscellaneous 2
Legal Fees 4
Cost Allocation - Europe (78)
Cost Allocation - Out (168)
------
$2,309
======
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 656
------
Total $2,309
======
Intermet Corp and Subsidiaries
Balance Sheet as of 07-31-05
($000's)
CASE #04-67612
--------------
DIVERSIFIED
DIEMAKERS
--------------
Cash And Equivalents $ 24
Accounts Receivable 8,875
Short-Term Intercompany Receivables -
Inventories 17,547
Other Current Assets 1,037
---------
TOTAL CURRENT ASSETS 27,483
Land and Buildings 16,395
Machinery & Equipment 58,536
Construction In Progress 1,342
---------
Total Fixed Assets 76,273
Accumulated Depreciation (46,730)
---------
NET FIXED ASSETS 29,543
Investment In Subsidiaries -
Investment In European Operations -
Long-Term Intercompany Receivables 41,109
Deferred Taxes, Long-Term Asset -
Other Assets -
---------
TOTAL ASSETS $ 98,135
=========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 1,189
Wages and Salaries (See schedule) 317
Taxes Payable - (See schedule) 890
---------
TOTAL POST PETITION LIABILITIES 2,396
SECURED LIABILITIES:
SECURED DEBT -
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes -
Accrued Tax - State -
Accrued Property Taxes -
Accrued Workers Comp. 1,215
Accrued Payroll -
Accrued Payroll Taxes -
---------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 1,215
UNSECURED LIABILITIES
Accounts Payable 6,279
Senior & IDR Bonds -
---------
TOTAL UNSECURED LIABILITIES 6,279
OTHER LIABILITIES
Accrued Liabilities 3,732
Short-Term Intercompany Payables -
Retirement Benefits 1,138
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities 1,151
Long-Term Intercompany Payables -
Minority Interest -
---------
TOTAL LIABILITIES 15,911
Common Stock -
Capital In Excess Of Par Value 110,000
Retained Earnings - Prepetition (21,195)
Retained Earnings - Post Petition (6,581)
Equity In European Operations
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
---------
TOTAL SHAREHOLDER EQUITY 82,224
---------
TOTAL LIABILITIES AND EQUITY $ 98,135
=========
PERIOD ENDED: 07-31-05 DIVERSIFIED DIEMAKERS, INC. CASE #04-67612
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
06/30/05 Withheld Deposits 07-31-05
--------------------------------------------------------------------------
Income tax withheld: Federal ($ 26,705) ($ 141,425) $ 137,792 ($ 30,338)
Income tax withheld: State (8,463) (44,669) 43,555 (9,577)
Income tax withheld: Local 0 0 0 0
FICA Withheld (21,141) (116,694) 113,390 (24,445)
Employers FICA (21,141) (116,694) 113,390 (24,445)
Unemployment Tax: Federal (334) (1,178) 1,285 (227)
Unemployment Tax: State (1,337) (4,710) 5,140 (907)
All Other Payroll W/H (68,908) (165,289) 142,580 (91,618)
State Taxes: Inc./Sales/Use/Excise (12,002) (5,716) 15,888 (1,830)
Property Taxes (239,304) (47,861) 0 (287,164)
Workers Compensation (440,553) (28,788) 49,868 (419,473)
--------------------------------------------------------------------------
Total ($ 839,888) ($ 673,023) $ 622,888 ($ 890,023)
Wages and Salaries (282,738) (1,126,002) 1,091,317 (317,423)
--------------------------------------------------------------------------
Grand Total ($1,122,626) ($1,799,025) $1,714,205 ($1,207,447)
==========================================================================
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 $1,188,875 $1,152,083 $ 28,671 $ 8,122
Accounts Receivable $9,371,810 $7,936,007 $719,475 $716,328
Intermet Corporation and Subsidiaries
Cash Activity Analysis: MONTHLY CASH STATEMENT
Month Ended 7/31/2005
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 - - - 22,740 1,034 -
RECEIPTS 5,688,813 - - 403 460 -
TRANSFERS IN (CORPORATE) - - 1,344,665 - - 807,174
DISBURSEMENTS (5,688,813) - (1,344,665) (217) (9) (807,174)
TRANSFERS OUT (CORPORATE) - - - - - -
----------------------------------------------------------------------------------------------
ENDING BANK BALANCE - - - 22,926 1,485 -
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 2,569,991
CHECKS ISSUED 1,557,981
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 2,187,483
CORPORATE DEBIT MEMOS 50,045
----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $6,365,500
==========
OUTSTANDING CHECKS AS OF JUNE 30 51,511
VOIDED CHECKS OUTSTANDING AS OF JUNE 30 (998)
CHECKS ISSUED DURING JULY 1,557,981
CHECKS CLEARED DURING JULY (1,344,665)
----------
OUTSTANDING CHECKS AS OF JULY 31 (SEE OUTSTANDING CHECKLIST) $ 263,829
==========
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------------------------------------------------------------------------------------
A & S PRINTING SERVICE $ 8,004.47
ABBOTT SUPPLY LLC 545.40
ABRASIVE MATERIALS, LLC 9,650.00
ACCUTHERM INC. 4,550.75
ACE INSURANCE 49,868.22
ACHESON COLLOIDS COMPANY 3,821.01
ADECCO EMPLOYMENT SERVICES 53,858.02
ALAN T. LYNN, INC. 2,070.00
ALLEGHENY COATINGS 830.76
ALRO MASCO ST. LOUIS 629.49
AMERICAN METAL CHEMICAL CORP 297.00
AMERICAN TANK & FABRICATING CO 13,226.00
AMI PIPE AND SUPPLY CO. 4,342.93
ANASTAS CONTROLS CO., INC. 4,148.83
ANIXTER, INC. 310.29
APPLEBEE TREE FLOWERS & GIFTS 148.34
APPLIED AIR/ALTON 1,376.45
AROBOTECH SYSTEMS INC 4,493.37
ASI - DATAMYTE 573.24
AT&T 52.34
AT&T 179.62
ATMOS ENERGY 2,994.89
AUTOMATIC DATA PROCESSING -
AWERKAMP MACHINE CO. 6,027.99
B.C. MACDONALD & COMPANY 928.79
BANK OF AMERICA 6,323.08
BANNER MACHINE TOOL&SUPPLY CO 612.33
BARRY SALES ENGINEERING 143.73
BATES SALES COMPANY 399.08
BDC, INC. 6,124.42
BEN WHITE 5.33
BENT TUBE, INC. 960.90
BFI QUINCY 2,585.03
BIJUR LUBRICATING CORPORATION 70.63
BILL OLSON 130.95
BLEIGH READY MIX CO. 627.72
BLICK'S CONSTRUCTION CO., INC. 4,700.00
BOBBI HUDSON 10.50
BODLE DIAMOND INDUSTRIES 133.00
BONE FRONTIER 87.35
BOSCH REXROTH CORP. 3,100.00
BOULEVARD PROPERTIESM, LLC. 1,642.50
BRAD HUDSON 28.26
BRAHLER'S TRUCKERS SUPPLY INC 25.00
BRENDA WHITE 62.63
BRENT DUDGEON (EMPLOYEE) 3,037.08
BUCKMAN'S CONVENIENCE STORE 1,277.63
BURST MACHINERY COMPANY 5,662.43
BUSINESS COMMUNICATIONS INC 9.80
C & S SALES INC 2,326.25
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------------------------------------------------------------------------------------
C&R MARKET - MONROE CITY 141.70
CAMCAR TEXTRON 11,252.81
CANFIELD & JOSEPH, INC. 1,475.00
CAPE ELECTRICAL SUPPLY, INC. 5,126.88
CAROLYN A. GRAINGER 8,033.80
CASTING EQUIPMENT & SUPPLY 922.97
CENTRAL WELDING SUPPLIES, INC. 49,381.59
CENTURYTEL 5,176.68
CENTURYTEL OF SOUTHWEST MO 21.53
CERTANIUM ALLOYS 1,794.58
CG TECH 675.00
CHARLES KING 27.75
CHARLIE SMOOT (EMPLOYEE) 120.00
CHEM-TREND INCORPORATED 23,616.21
CHINN ENTERPRISES, LLC 20,889.00
CHRISTY REFRACTORIES COMPANY 1,966.78
CITY OF MONROE CITY 120,018.56
CITY OF PALMYRA 100.00
CITY OF SHELBINA 55.71
CLEM JAMES 8.00
CMS COMMUNICATIONS, INC. 873.50
CONNIE BARNARD (EMPLOYEE) 1,253.42
CONTROL-AIR, INC. 1,720.22
COORSTEK, INC. 5,560.00
COPPER & BRASS SALES 197.88
CORROSION PRODUCTS INC. 203.22
CRESCENT ELECTRIC SUPPLY CO 3,493.72
CROSS HULLER DRILLUNIT 213.84
CROWN LINEN SERVICE, INC. 2,577.61
CULLIGAN 294.68
DANA CORPORATION 188,438.00
DANIEL SKAGGS 2,463.33
DAVID SMITH 4.84
DAVIS TOOL & DIE 6,010.00
DCT INDUSTRIAL SUPPLY 418.51
DEAD SEA MAGNESIUM LTD 640,458.01
DELL MARKETING L.P. 310.67
DENNY MOSS 122.03
DEPT OF NAT'L RESOURCES 375.00
DIAGRIND INC. 150.50
DIEMER & ASSOCIATES 2,692.38
DISA GOFF, INC. 45.45
DISCOUNT BATTERY SALES 172.29
DIVERSIFIED DIEMAKERS(EMPLOYEE RELATED) 1,381.45
DOMINO AMJET INC 197.01
DON HAYS (EMPLOYEE) 991.20
DONALD E. CALHOUN 204.63
DUSTIN DEVERGER 129.30
DWYER INSTRUMENTS, INC. 75.54
EASTERN ALLOYS 144,423.41
EFD, INC. 576.25
E-JAY THERMO PRODUCTS, INC. 650.96
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------------------------------------------------------------------------------------
ELECTROCHEM, INC. OF MO 3,705.75
ENGINEERED FINISING CORP 714.18
ENGINEERED LUBRICANTS CO. 23,217.81
ENGINEERED PRODUCTS 5,281.21
ENGINEERED SALES 96.55
EPCO LLC 575.00
ERIC BLACKFORD 72.62
FASTENAL COMPANY 6,532.42
FEDEX 370.31
FERGUSON ENTERPRISES, INC. 259.00
FLO-PRODUCTS COMPANY 326.86
FLUID ENGINEERING 328.04
FRENCH GERLEMAN ELECTRIC CO. 8,676.93
FREUDENBERG - NOK 10,148.00
FS MIDWEST 645.00
G.H. TOOL & MOLD 6,676.00
G.S. INCORPORATED 8,740.00
G.S. ROBINS AND COMPANY 1,045.94
GARFIELD ALLOYS, INC. 6,600.00
GARY YAGER 23.69
GASKET & SEAL FABRIC. INC. 261.80
GATEWAY METALS INC. 23,197.26
GEO. C. POTTERFIELD TRUCKING 600.00
GETZ FIRE EQUIPMENT CO. 10,468.56
GLORIA CRANE 120.95
GOAD COMPANY 326.70
GOODWIN GAGE & TOOL CO. 69.20
GRAINGER 20,619.91
GREAT RIVER RESTAURANT ASSO 1,560.00
GSI LUMONICS 2,984.00
HANNIBAL BOARD OF PUBLIC WORKS 37,206.64
HANNIBAL CLINIC INC 224.00
HANNIBAL REGIONAL HOSPITAL 540.00
HAROLD BAKER SR. 208.97
HARTWIG, INC. 1,325.33
HEINTZ ELECTRIC COMPANY 3,593.90
HELCO PRECISION TOOLS & GAGES 385.00
HENKEL LOCTITE CORPORATION 590.92
HEWLETT-PACKARD COMPANY 5,877.75
HILLYARD FLOOR CARE SUPPLY 41.14
HTE TECHNOLOGIES 24,787.69
IDG USA, LLC 14,005.64
IDRAPRINCE, INC. 3,264.73
IFM EFECTOR INC 87.06
ILLINI ENVIRONMENTAL INC. 6,000.00
INDUSTRIAL FINISHING SERVICES 10,486.36
INDUSTRIAL STRAINER COMPANY 1,741.32
INSIGHT/HARDDRIVES INT'L. 518.38
INTERNAL REVENUE SERVICE 1,650.00
IOSSO METAL PROCESSES 3,375.00
IOWA MACHINERY & SUPPLY 176.79
ITW SHAKEPROOF 7,160.00
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------------------------------------------------------------------------------------
ITW SOUTHLAND 1,246.80
JACKSON BROS-HEARTLAND 2,324.78
JAMES MYERS 30.81
JASON STARK (EMPLOYEE) 18.72
JEFF SPALDING (EMPLOYEE) 82.50
JENZANO, INC. 228.32
JERICO INC. 415.16
JOE GASS (EMPLOYEE) 30.00
JOE MCELVAIN 150.90
JOHN HENRY FOSTER CO. 1,254.30
JOHN LONG 25.75
JOHN SAKACH CO OF ST. LOUIS 62.95
JOHN WALKUP 75.00
JOSEPH TAUSER & ASSOCIATES INC 374.49
JOST MACHINERY COMPANY 1,167.61
K. P. WESSELING & CO., INC. 44.58
KENNY'S SERVICE CENTER 411.15
KENTUCKY STATE TREASURER 143.78
KEVIN BICHSEL (EMPLOYEE) 708.70
KEVIN PETERS (EMPLOYEE) 85.60
KEVIN SPALDING 75.00
KNERNSCHIELD MANUFACTURING 532.48
KONIECZNY TOOL & DIE 10,540.00
KOSMEK (USA) LTD 454.00
L.N. BROSS 11,679.92
LAB SAFETY SUPPLY 31.31
LACQUEMENT SCALE & EQUIP. CO. 500.00
LAKE ERIE PRODUCTS 3,449.75
LEMUEL BECK JR (EMPLOYEE) 5,200.00
LINDBERG 267.25
LISA MARTIN (EMPLOYEE) 662.64
LITTLE DOG AUTO PARTS 457.79
LOWRY COMPUTER PRODUCTS INC 3,132.28
LUBRICATION ENGINEERS 695.50
LUBY EQUIPMENT SERVICES 3,839.75
LUNT MFG CO. 18,772.00
MAKINO 1,035.00
MANPOWER 6,542.01
MARK TWAIN SUPPLY CO. 8,395.88
MARLON BUSINESS FORMS 686.60
MARTIN'S TRUE VALUE HARDWARE 347.65
MARVEL ENGINEERING COMPANY 207.44
MAZAK CORPORATION MIDWEST 2,383.63
MC MACHINERY SYSTEMS, INC. 8.46
MCLEAN MIDWEST 72.00
MCMASTER-CARR SUPPLY COMPANY 1,010.95
MERRICK MACHINERY CO. 3,740.82
METAMAG INC. 238,623.60
MFA OIL CO. 2,176.00
MICHAEL WELLMAN 68.69
MICHAEL WILLING 75.00
MICRONICS, INC. 684.10
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------------------------------------------------------------------------------------
MIDLAND INDUSTRIES, INC. 5,837.94
MIDWEST INSTRUMENT CO. 86.20
MISSOURI DEPARTMENT OF REVENUE 12,001.55
MISUMI USA INC. 394.83
MO. DEPT. OF TRANSPORTATION 243.75
MONROE AUTO PARTS 488.37
MONROE CITY SHELTER WORK SHOP 11,483.24
MONROE PAYROLL (INCLUDES DISB BY CORP) 2,187,483.23
MOTION INDUSTRIES, INC 8,440.88
MOYERS SERVICE CENTER & 909.58
MSC INDUSTRIAL SUPPLY CO. 2,210.58
MUNICIPAL TOOL & MACHINERY CO 951.82
MVI, INC. 949.71
NALCO COMPANY 13,843.55
NATIONAL FILTER MEDIA CORP. 637.62
NATIONAL KARD 277.90
NEFF POWER INC. 3,241.50
NEFF PRESS, INC. 1,176.24
NEWARK INONE 291.84
NORSK HYDRO CANADA INC 1,750.75
NORTHEAST MO MACHINE & PATTERN 7,755.81
O.K. FASTENERS INC 1,784.86
ONEOK ENERGY MARKETING COMPANY 41,248.60
OSBORN MANUFACTURING CORP. 75.96
PALMYRA BOARD OF PUBLIC WORKS 68,370.19
PAMIDA 51.11
PAMIDA INC 2.64
PARKER CHROMERICS 4,207.05
PATTERSON MOLD AND TOOL, INC. 850.00
PAULO PRODUCTS CO. 620.75
PERRY MACHINE AND DIE INC. 25,341.39
PETE PARIS CHEVROLET, INC. 366.85
PHELPS ASSOCIATES, INC. 223.31
POLAR ICE CO. 423.00
PRECISION TOOL COMPANY 3,537.27
PRODUCTIVE TOOL PRODUCTS, INC. 513.24
PROFORMA 1,046.45
PROGRESSIVE COMPONENTS 932.48
PROVIDENT LIFE 123.96
PRUDENTIAL INSURANCE 12,656.57
PSYCHEMEDICS CORPORATION 2,367.50
PURCHASE PARTNERS 4,590.00
QPH 206.88
QPI MULTIPRESS INC 2,333.34
QUALITY SERVICE GROUP 558.68
QUINCY MALL 1,400.00
QUINCY MEDICAL GROUP 40.00
QWEST COMMUNICATIONS 738.44
RADCO INDUSTRIES 5,701.50
RADLEY CORPORATION 2,062.00
RAMAIR 271.10
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------------------------------------------------------------------------------------
RANDY LORENSON 101.53
RAYMOND J. QUINLAND - LANDLORD 7,000.00
REMACOR, INC. 14,000.80
RES MANUFACTURING COMPANY 3,129.95
RICHARD GREENE CO. 1,291.67
RICHARDS ELECTRIC MOTOR CO. 1,572.94
RIMROCK 9,684.68
ROBEY BUILDING SUPPLY, INC. 263.61
ROMICK'S QUALITY SERVICES 1,050.00
ROTOLITE OF ST. LOUIS INC 311.82
ROTOR CLIP CO INC 4,192.50
RTD OFFICE PRODUCTS 1,730.58
SAFETY-KLEEN SYSTEMS 1,781.65
SBC 1,605.43
SCOTT SPECIAL TOOLS, INC. 6,054.76
SCOTT WILLIAMS (EMPLOYEE) 352.20
SEMBLEX CORP. 6,261.00
SEMCO, INC. 2,847.38
SHANNAHAN CRANE & HOIST, INC. 919.59
SHARP BROS. INC 1,207.50
SHARPER EDGE CUSTOM POLISHING 1,170.00
SHERMAN 70.00
SHERYL HAYS (EMPLOYEE) 78.11
SNAP-ON TOOLS 15.64
SODICK, INC. 170.30
SOLUTIA INC 1,971.67
SOUND SOLUTIONS 111.95
SOUTHWESTERN BELL 442.31
SPAN AMERICA, INC. 1,220.62
SPAN DE MEXICO 350.00
SPAN MANUFACTURING 1,455.00
SPECTRA COMMUNICATIONS GROUP 344.87
SPECTRO ALLOYS CORP 171,714.07
SPECTRONICS 1,977.75
SPHERION CORPORATION 3,125.84
SPINCRAFT 458.48
SPRINT 5,777.12
SRI 31,889.54
ST. LOUIS BOILER SUPPLY 415.20
STANDARD REGISTER/PITNEY BOWES 919.68
STATE OF MISSOURI 180.00
STERLING COMMERCE-NETWORK 417.99
STERLING, INC. 2,695.75
STEWART REFRIGERATION 86.00
SUNNEN PRODUCTS COMPANY 3,295.67
SUNSOURCE 5,163.80
SURFTRAN MANUFACTURING CO, LLC 105.13
SUSAN SMITH (EMPLOYEE) 156.55
SYMMCO, INCORPORATED 19,146.42
T.F. EHRHART COMPANY 4,734.62
TAPESWITCH CORP OF AMERICA 242.67
TAYLOR IND SERVICES HPM DIV. 2,728.42
DIVERSIFIED DIEMAKERS, INC. CASE NO. 04-67612
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------------------------------------------------------------------------------------
TECHMIRE USA 3,832.00
TECHNA TOOL & MACHINE CO INC. 863.56
TECHNIBLAST INC. 17,208.00
TEMTRON, INC. 310.35
TENNANT 286.55
THE ST. LOUIS DISTRIBUTION 8,997.00
THOMAS L PANGBORN CONSTRUCTION 1,982.56
THREE BOND INTERNATIONAL INC. 80.00
TIC-MS, INC. 2,315.67
TIEMANN INDUSTRIAL SUPPLY 171.46
TIFFIN FOUNDRY & MACHINE, INC. 3,980.00
TIMKEN US CORPORATION 33,802.00
TINIUS OLSEN TESTING MACHIN 995.00
TOM DEITZMAN (EMPLOYEE) 54.00
TOM WATSON (EMPLOYEE) 570.43
TOOLING ASSOCIATES 632.89
TOYOTA TSUSHO AMERICA INC 40,187.68
TRANSMAN 49,556.07
U.S. CELLULAR 853.22
U.S. MAGNESIUM, LLC 1,253,067.30
U.S. POSTAL SERVICE 1,500.00
UNISOURCE WORLDWIDE INC. 29,517.43
UNITED ROBOTICS, INC. 1,590.00
UNITED STATES DRILL HEAD CO 805.78
UNITED STATES PLASTIC CORP. 27.86
UNIVERSITY OF MO-COL 4,500.00
VIATRAN CORPORATION 949.59
VICTORY PACKAGING 5,229.64
VISI-TRAK WORLDWIDE, LLC 11,250.00
VONTHUN POWERWASHING 9,000.00
WAITES COMPANY INC 1,750.72
WALMART 7,700.00
WES RUBISON 129.25
WESBELL DEDICATED ASSEMBLY LTD 5,737.50
WESTHOFF 183.41
WIESE PLANNING & ENGINEERING 11,686.76
WILKES & MCLEAN, LTD 260.56
WILLIAM A KIBBE & ASSOCIATES 255.00
WILLIAMS EQUIPMENT & ELECTRIC 1,724.21
WINK'S LAWN SERVICE 4,475.00
WISE EL SANTO CO., INC. 2,375.20
YELLOW FREIGHT SYSTEM, INC. 796.77
-------------
$6,365,500.13
DIVERSIFIED DIEMAKERS, INC.
CASE NO. 04-67612
AT 7/31/05
MONROE - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding AP Checks 263,829.10
Payroll Checks Outstanding 159,150.68
------------
422,979.78
Unadjusted GL Balance 422,979.78
------------
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
11/11/2004 337789 158.49
11/16/2004 337916 341.24
11/17/2004 337930 454.88
12/29/2004 338726 821.25
6/10/2005 401698 118.07
6/24/2005 401934 30
6/24/2005 401949 176.3
7/1/2005 402019 63.03
7/1/2005 402029 735
7/8/2005 402158 3100
7/8/2005 402159 28.26
7/15/2005 402267 3267
7/15/2005 402281 10.5
7/15/2005 402289 512.76
7/15/2005 402317 120.95
7/15/2005 402381 85.24
7/20/2005 402416 618.77
7/21/2005 402418 64.34
7/21/2005 402419 1176.24
7/22/2005 402424 2599.72
7/22/2005 402439 740
7/22/2005 402444 21.53
7/22/2005 402446 30
7/22/2005 402451 89.37
7/22/2005 402454 4.84
7/22/2005 402463 489.83
7/22/2005 402467 233.65
7/22/2005 402473 1560
7/22/2005 402491 198.94
7/22/2005 402494 94.52
7/22/2005 402499 686.6
7/22/2005 402504 3310
7/22/2005 402507 135.19
7/22/2005 402508 67.21
7/22/2005 402509 81.42
7/22/2005 402510 394.55
7/22/2005 402511 60.77
7/22/2005 402512 384.41
7/22/2005 402535 415.2
7/22/2005 402540 1650
7/22/2005 402545 321.78
7/25/2005 402553 10148
7/26/2005 402557 100
7/26/2005 402558 544
7/26/2005 402559 5464
7/28/2005 402561 532.24
7/28/2005 402562 7160
7/29/2005 402567 33802
7/29/2005 402568 1677.11
7/29/2005 402569 545.4
7/29/2005 402570 1965.8
7/29/2005 402572 6247.96
7/29/2005 402573 830.76
7/29/2005 402574 95.55
7/29/2005 402575 124
7/29/2005 402576 745.86
7/29/2005 402577 1040.35
7/29/2005 402578 5929.39
7/29/2005 402579 3296.21
7/29/2005 402580 5.33
7/29/2005 402581 70.63
7/29/2005 402583 1100
7/29/2005 402584 821.25
7/29/2005 402585 1675.03
7/29/2005 402586 420.56
7/29/2005 402588 84.61
7/29/2005 402589 4499.96
7/29/2005 402590 872.56
7/29/2005 402591 153.72
7/29/2005 402592 27.75
7/29/2005 402593 30
7/29/2005 402595 8
7/29/2005 402596 873.5
7/29/2005 402597 492.68
7/29/2005 402598 202.99
7/29/2005 402600 519.47
7/29/2005 402601 1080.21
7/29/2005 402602 75.3
7/29/2005 402603 247.74
7/29/2005 402604 129.3
7/29/2005 402605 162.58
7/29/2005 402606 100.17
7/29/2005 402607 100.65
7/29/2005 402608 96.55
7/29/2005 402609 1265.95
7/29/2005 402610 41.48
7/29/2005 402612 4102.09
7/29/2005 402615 578.64
7/29/2005 402616 6600
7/29/2005 402617 407.27
7/29/2005 402618 300
7/29/2005 402619 3320.39
7/29/2005 402620 38.98
7/29/2005 402621 8998.21
7/29/2005 402622 208.97
7/29/2005 402624 280.76
7/29/2005 402625 329.2
7/29/2005 402626 5877.75
7/29/2005 402628 4213.47
7/29/2005 402629 4463.56
7/29/2005 402630 273.37
7/29/2005 402631 7947.94
7/29/2005 402632 372.97
7/29/2005 402633 1650
7/29/2005 402634 74.05
7/29/2005 402636 228.32
7/29/2005 402637 30
7/29/2005 402638 252.2
7/29/2005 402639 25.75
7/29/2005 402640 5.95
7/29/2005 402641 212.21
7/29/2005 402642 708.7
7/29/2005 402643 55.6
7/29/2005 402644 9990
7/29/2005 402645 2117.85
7/29/2005 402646 31.31
7/29/2005 402647 500
7/29/2005 402648 2600
7/29/2005 402649 250.18
7/29/2005 402650 312.64
7/29/2005 402651 18772
7/29/2005 402652 1035
7/29/2005 402653 4735.18
7/29/2005 402655 166.34
7/29/2005 402656 640.61
7/29/2005 402658 75
7/29/2005 402659 684.1
7/29/2005 402660 86.2
7/29/2005 402661 2.09
7/29/2005 402662 1953.87
7/29/2005 402663 909.58
7/29/2005 402664 73.07
7/29/2005 402665 154
7/29/2005 402666 25.17
7/29/2005 402669 2926.68
7/29/2005 402670 550.82
7/29/2005 402672 142
7/29/2005 402673 12.48
7/29/2005 402674 2367.5
7/29/2005 402675 1166.67
7/29/2005 402676 40
7/29/2005 402677 70.5
7/29/2005 402678 3500
7/29/2005 402679 291.64
7/29/2005 402680 1393.61
7/29/2005 402681 116.34
7/29/2005 402682 1660.68
7/29/2005 402683 80.31
7/29/2005 402684 85.06
7/29/2005 402686 111.95
7/29/2005 402687 1455
7/29/2005 402688 350
7/29/2005 402689 252
7/29/2005 402690 180
7/29/2005 402691 116.25
7/29/2005 402692 2956.82
7/29/2005 402693 421.33
7/29/2005 402694 12.63
7/29/2005 402696 1149.12
7/29/2005 402697 2182
7/29/2005 402699 1990
7/29/2005 402700 1990
7/29/2005 402701 15
7/29/2005 402702 75.75
7/29/2005 402703 1648.98
7/29/2005 402704 1590
7/29/2005 402705 347.89
7/29/2005 402706 457.89
7/29/2005 402707 900
7/29/2005 402708 129.25
7/29/2005 402709 5813.87
7/29/2005 402711 270.86
7/29/2005 402712 1475
7/29/2005 402713 459.31
7/29/2005 402715 21.77
7/29/2005 402716 168.45
7/29/2005 402717 12.94
7/29/2005 402718 5256
$ 263,829.10
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JULY 31, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: DIVERSIFIED DIEMAKERS, INC. Capacity: ___ Shareholder
Case Number: 04-67612 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance ______ _______
Life Insurance ______ _______
Retirement ______ _______
Company Vehicle ______ _______
Entertainment ______ _______
Travel ______ _______
Other Benefits ______ _______
Total Benefits ______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid ______ _______
Loans ______ _______
Other (Describe) ______ _______
Other (Describe) ______ _______
Other (Describe) ______ _______
Total Other Payments ______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
______ $ 0
Dated: AUGUST 22, 2005 __________________________________________
PRINCIPAL, OFFICER, DIRECTOR, OR INSIDER
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
& 6/22/05-12/22/05
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 JULY 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67600
) Chapter 11
) Judge: Marci B. McIvor
GANTON TECHNOLOGIES, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting
of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and, (if not, attach written
explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization. (If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns. (If not, attach a written
explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: AUGUST 22, 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 7-31-05
($000's)
CASE #04-67600
GANTON
TECHNOLOGIES
----------------------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 1,339 50,195
Cost of Goods Sold
Materials and Freight 270 12,836
Wages - Hourly 391 11,671
Wages-Salary 338 4,835
Employee Benefits and Pension 985 10,423
Repairs & Maintenance 74 1,251
Supplies 133 2,626
Utilities 158 3,157
Purchased Components/Services 177 6,109
Income(loss) from Pattern Sales 3 (120)
Fixed Asset - (gain/loss) - -
MIS Expense 8 89
Travel & Entertainment 15 161
Other Variable Costs 362 3,699
Depreciation & Amortization 224 2,493
Other Allocated Fixed Costs - -
Other Fixed Costs 79 1,871
------- -------
Cost of Goods Sold 3,217 61,101
Gross Profit (1,878) (10,906)
Plant SG&A Expense 20 217
SG&A Expense - Allocation (Sched 1) 168 1,644
Other Operating Expenses 90 10,689
------- -------
Total Operating Expenses 278 12,550
Operating Profit (2,156) (23,456)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (87) (959)
Charges (From) Affiliates - -
Charges To Affiliates - -
Gain/(Loss) On Sales Of Assets 712 672
Outside Dividend Income - -
Foreign Exchange Gain/(Loss) - -
Income/Loss From European Operations - -
Other Income/(Expense) - -
------- -------
Total Non-Operating Expenses 625 (287)
Income Before Income Taxes (1,531) (23,743)
Income Tax Expense 13 122
------- -------
Net Income (1,544) (23,865)
======= =======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs July
(Allocation of Corporate Costs to Filing Entities)
(000's)
July
------
Officer Compensation $ 189
Salary Expense other Employees 968
Employee Benefits and Pension 108
Payroll Taxes 53
Other Taxes 3
Rent and Lease Expense 186
Interest Expense
Insurance 54
Automobile and Truck Expense 12
Utilities(Gas Electric,Phone) 41
Depreciation 93
Travel and Entertainment 78
Repairs and Maintenance 48
Advertising/Promotion 7
Supplies, Office Expense 17
OTHER:
Contributions 4
Professional Fees - Audit/Tax 350
Bank Fees 24
Public Reporting Fees 15
Employee Relocation/Training 41
Data Processing 23
Dues and Subscriptions 15
Outside Services 83
Project Development Costs net of Billings 114
Director Fees 25
Miscellaneous 2
Legal Fees 4
Cost Allocation - Europe (78)
Cost Allocation - Out (168)
------
$2,309
======
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 656
------
Total $2,309
======
Intermet Corp and Subsidiaries
Balance Sheet as of 07-31-05
($000's)
CASE #04-67600
GANTON
TECHNOLOGIES
--------------
Cash And Equivalents $ 1
Accounts Receivable 3,599
Short-Term Intercompany Receivables 632
Inventories 4,346
Other Current Assets 423
----------
TOTAL CURRENT ASSETS 9,001
Land and Buildings 12,390
Machinery & Equipment 31,992
Construction In Progress 429
----------
Total Fixed Assets 44,811
Accumulated Depreciation (28,687)
----------
NET FIXED ASSETS 16,124
Investment In Subsidiaries -
Investment In European Operations -
Long-Term Intercompany Receivables 9,918
Deferred Taxes, Long-Term Asset -
Other Assets 27
----------
TOTAL ASSETS $ 35,070
==========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 1,151
Wages and Salaries (See schedule) 70
Taxes Payable - (See schedule) 635
----------
TOTAL POST PETITION LIABILITIES 1,856
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. 740
Accrued Payroll -
Accrued Payroll Taxes -
----------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 747
UNSECURED LIABILITIES
Accounts Payable 9,507
Senior & IDR Bonds -
----------
TOTAL UNSECURED LIABILITIES 9,507
OTHER LIABILITIES
Accrued Liabilities 799
Short-Term Intercompany Payables 187
Retirement Benefits 1,998
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities -
Long-Term Intercompany Payables 8,420
Minority Interest -
----------
TOTAL LIABILITIES 23,514
Common Stock -
Capital In Excess Of Par Value 160,000
Retained Earnings - Prepetition (124,579)
Retained Earnings - Post Petition (23,865)
Equity In European Operations
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
----------
TOTAL SHAREHOLDER EQUITY 11,556
----------
TOTAL LIABILITIES AND EQUITY $ 35,070
==========
PERIOD ENDED: 07-31-05 GANTON TECHNOLOGIES (PULASKI) CASE #04-67600
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
6/30/2005 Withheld Deposits 7/31/2005
---------------------------------------------------
Income tax withheld: Federal ($ 5,616) ($ 61,897) $ 60,412 ($ 7,101)
Income tax withheld: State 0 (156) 156 0
Income tax withheld: Local 0 0 0 0
FICA Withheld (4,711) (24,657) 23,412 (5,956)
Employers FICA (4,711) (24,657) 23,412 (5,956)
Unemployment Tax: Federal (493) (623) 493 (623)
Unemployment Tax: State (4,003) (5,061) 4,003 (5,061)
All Other Payroll W/H 0 0 0 0
State Taxes: Inc./Sales/Use/Excise (18,000) (6,000) 18,000 (6,000)
Property Taxes (44,131) (7,800) 0 (51,931)
Workers Compensation 0 0 0 0
---------------------------------------------------
Total ($ 81,665) ($ 130,851) $ 129,886 ($ 82,629)
Wages and Salaries (50,291) (65,566) 50,291 (65,566)
---------------------------------------------------
Grand Total ($ 131,956) ($ 196,417) $ 180,177 ($ 148,195)
===================================================
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 $ 678,132 $ 678,445 $ 0 ($313)
Accounts Receivable $4,043,157 $2,856,434 $436,437 $750,287
PERIOD ENDED: 07/31/05 GANTON TECHNOLOGIES (RACINE) CASE #04-67600
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
6/30/2005 Withheld Deposits 7/31/2005
------------------------------------------------------------
Income tax withheld: Federal $ 0 ($ 15,069) $ 15,069 $ 0
Income tax withheld: State 0 (25,493) 25,493 0
Income tax withheld: Local 0 0 0 0
FICA Withheld 0 (11,524) 11,524 0
Employers FICA 0 0 0 0
Unemployment Tax: Federal 0 0 0 0
Unemployment Tax: State 0 0 0 0
All Other Payroll W/H 0 0 0 0
State Taxes: Inc./Sales/Use/Excise (14,322) (7,107) 21,321 (108)
Property Taxes (74,836) (12,501) 0 (87,337)
Workers Compensation (194,436) (322,640) 51,273 (465,803)
--------------------------------------------------------------
Total ($ 283,594) ($ 394,334) $ 124,680 ($ 553,248)
Wages and Salaries (5,868) (4,042) 5,868 (4,042)
--------------------------------------------------------------
Grand Total ($ 289,462) ($ 398,376) $ 130,548 ($ 557,290)
==============================================================
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 $473,461 $418,493 $ 54,968
Accounts Receivable $440,305 ($164,729) $376,225 $228,809
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 7/31/2005
MONTHLY CASH STATEMENT
CASH ACTIVITY ANALYSIS:
CASE # 04-67600
GANTON TECHNOLOGIES (PULASKI)
---------------------------------------------
ACCOUNT TYPE LOCKBOX AP PR
ACCOUNT # 5402699424 2770721799 2770721807
BANK Stan Fed Stan Fed Stan Fed
BEGINNING BANK BALANCE - - -
RECEIPTS 321,221 - -
TRANSFERS IN (CORPORATE) - 722,596 522,467
DISBURSEMENTS - (722,596) (522,467)
TRANSFERS OUT (CORPORATE) (321,221) - -
---------------------------------------------
ENDING BANK BALANCE - - -
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 337,531
CHECKS ISSUED 843,465
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 544,261
CORPORATE DEBIT MEMOS 24
-------------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 1,725,281
=============
OUTSTANDING CHECKS AS OF JUNE 30 345,894
VOIDED CHECKS OUTSTANDING AS OF JUNE 30 -
CHECKS ISSUED DURING JULY 845,001
CHECKS CLEARED DURING JULY (722,596)
-------------
OUTSTANDING CHECKS AS OF JULY 31 (SEE OUTSTANDING CHECKLIST) 468,299
=============
GANTON TECHNOLOGIES, INC. (PULASKI) CASE NO. 04-67600
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
- -----------------------------------------------------------------------------------------------------
ACE INSURANCE $ 23.96
AH ASSOCIATES 1,000.00
AIR DRAULICS ENGINEE 3,027.69
AIRGAS SOUTH (BOC GA 4,965.72
AL CAST COMPANY 93,520.50
ALTERNATIVE DIE & MOLD 3,600.00
ALUMINUM RESOURCES I 45,395.10
AMERICAN CHEMICAL 38,124.00
ANNE HEATHCOTE 2,957.45
ATF, INC. 1,252.46
AUTOMATIC DATA PROCE 3,840.32
BAGWELL OFF.SYSTEMS, 627.28
BAILEY COMPANY 2,514.37
BANK OF FRANKEW 617.00
BEARING DISTRIBUTORS,INC. 295.00
BELLSOUTH 2,710.91
BG & R COMPANY 6,450.00
BI-LO / RED FOOD 92.44
BIRMINGHAM TOLEDO 294.40
BOSTON MUTUAL LIFE 1,930.50
BRADLEY COATINGS 540.00
BRENDA JEAN DAUGHTRY 401.84
BROOKS AUTO 240.90
BROWN & SHARPE, INC. MSD 1,290.00
BROWNING-FERRIS IND 1,465.85
C KENNETH STILL 340.00
CARBIDE TOOL SERVICE 520.00
CARR LANE MANUFACTUR 70.59
CASTOOL 754.50
CENTRAL CHILD SUPPORT 4,487.07
CHEM-STATION 1,045.52
CHILES OIL INC. 795.39
CHRIS DOUTHIT 4,104.00
CHURCH AUTO PARTS CO 60.95
CINTAS CORPORATION 4,735.15
CITY OF PULASKI 260.00
COLE-PARMER INSTRUME 88.93
COLUMBIA MACHINE WOR 18,200.50
COMFORT INN OF PULAS 293.08
CRANE PRO SERVICES 3,924.30
CUTTING TOOLS, INC. 1,425.00
DANIEL ETHRIDGE 109.50
DAVID HINDS 140.00
DIE-TECH WIRE TOOL I 7,353.50
DIVERSIFIED PRINTING 106.68
DOVER FLAG AND MAP 604.19
EDWARDS XPRESS INC. 15,181.45
EMPIRE CNC SERVICES 5,213.35
ENVIRONMENTAL COMPLIANCE 2,100.00
EPCO PRODUCTS, INC. 2,418.83
EXPEDITE SERVICES 440.00
FANUC AMERICA CORPORATION 1,616.42
FIRST NATIONAL 7,919.06
FORKLIFT SYSTEMS 396.98
GE BETZ, INC. 1,999.70
GE CAPITAL 1,325.12
GENERAL SESSIONS CLERK 364.35
GANTON TECHNOLOGIES, INC. (PULASKI) CASE NO. 04-67600
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
- -----------------------------------------------------------------------------------------------------
GENERAL SESSIONS COURT 285.15
GENERAL SUPPLY CORP. 12,017.09
GIBSON BROTHERS AUTO PARTS 657.65
GILES COUNTY CLERK 54.75
GILES COUNTY FURNITURE 545.31
GLOBAL EXCHANGE SERV 97.31
HENRY E. HILDEBRAND, III 2,232.00
HILDRETH MANUFACTURI 9,778.60
HONEY ACRES 345.00
ILLINOIS STATE TOLL HWY 125.00
IMCO RECYCLING 72,159.60
IMPREX, INC. 10,852.47
INTERMET 396.79
J & K INDUSTRIAL SUP 3,895.05
J&J/INGAS PROPANE 1,070.00
JAMIE PATTERSON 800.00
JEFFERSON PILOT FINA 1,545.75
JEFFERSON PILOT FINA 1,071.01
JOE TOWNSEND 500.00
JOEY GIGLIO 370.29
JOHN NELSON 126.00
JOHN-MICHAELS ENTERP 3,548.41
J'S SUPPLY 1,189.00
KELLY SERVICES 6,944.55
KEYENCE CORP. OF AMERICA 384.00
KOLLSTEDT ELECTRIC, LLC 17,997.27
LAKESIDE MANUFACTURI 28,995.80
LANDAUER 225.00
LEWIS SUPPLY COMPANY INC 426.82
LEWISBURG RUBBER AND 9,350.59
LEWTER'S WHOLESALE SUPPLY 75.77
LIN ROE 1,250.00
LIVINGSTON AND HAVEN 508.69
MAGID GLOVE/EQUITY I 754.16
MAGNA-TECH SE. 195.00
MAIN MANUFACTURING 114.49
MANAR, INC. 11,414.63
MARTIN SUPPLY CO., INC. 696.02
MCELRATH MOVING CO. 1,085.00
MCMASTER-CARR SUPPLY 4,382.58
MERWIN STOLTZ 634.00
METOKOTE 2,250.41
METOKOTE CORPORATION 9,389.84
MG ELECTRIC 483.53
MID-SOUTH METALLURGI 141.69
MIGUEL MEDINA 6,369.60
MIRSA 15,460.06
MOLDFLOW CORPORATION 5,550.00
MOTION INDUSTRIES 4,028.21
NASHVILLE METAL PREP 131.20
NORANDA 47,972.00
OAKWOOD APARTMENTS 1,000.00
OHIO SCREW PRODUCTS 31,296.24
PACKAGING FULFILLMEN 10,711.46
PARKER HANNIFIN CORP 26,206.20
PARKER SEAL COMPANY 201.14
PATTERN TECHNOLOGIES 12,000.00
PEREZ SERVICES INC. 5,099.64
GANTON TECHNOLOGIES, INC. (PULASKI) CASE NO. 04-67600
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
- -----------------------------------------------------------------------------------------------------
PERFECTION SPRING 1,203.03
PIONEER METAL FINISH 1,466.25
POSTMASTER 111.00
PRECISION COMPONENTS 848.00
PRECISION MACHINERY 4,062.46
PROCLEAN SUPPLIES & 941.83
PTI QUALITY CONTAINMENT 18,500.00
PULASKI ELECTRIC, WA 143,180.16
PULASKI LIONS CLUB 30.00
PULASKI LUMBER COMPA 256.00
PULASKI PAYROLL (INCLUDES DISB BY CORP) 544,260.96
PUTNAM INVESTMENTS 10,852.09
PYROTEK, INC. 451.50
QUAD STEEL CORPORATION 14,688.00
QUALITY MOLD 6,862.03
RANDSTAD 43,873.20
REFRACTORY ENGINEERS 3,692.00
RIMROCK 7,514.50
RIVERSBURG WELDING C 4,431.39
ROBERT W. HERR 35,461.03
ROSEMONT INDUSTRIES 1,652.50
RUSSELL PLUMBING & ELEC. 417.00
SAFETY-KLEEN CORPORATION 2,244.29
SAM GUERRERO 474.13
SAMANTHA LITTLE 269.08
SCHAEFER GROUP 3,000.00
SEI ENVIROMENTAL INC 1,470.00
SELECT FOODS INC. 659.19
SHEFFIELD MACHINE AN 400.00
SPECTRO ALLOYS CORP 79,700.36
SPRINT 387.60
SRI 10,580.00
STEPHANIE WALTER 621.86
STERICYCLE INC. 11.93
STEVE ROMICK 103.44
STUART C. IRBY COMPA 11,803.00
SUMITOMO ELECTRIC CARBIDE 838.76
TAMMY KAY BOWEN 299.25
TENN.VALLEY RECYCLING LLC 2,161.35
TRACTOR SUPPLY COMPANY 419.76
TRANSMAN 55,518.00
UNITED LEASING ASSOCIATES 984.42
VEKTEK, INC. 1,951.96
VERIZON WIRELESS 308.13
VIBRO/DYNAMICS CORP. 3,840.00
VISI-TRAK WORLDWIDE LLC 4,525.00
WATKINS TRUCKING, IN 90.00
WATSON'S OFFICE SUPP 3,601.56
WESTHOFF MACHINE CO., INC. 185.73
WILLIAM H. WARD 1,117.55
--------------
$ 1,725,280.90
GANTON TECHNOLOGIES, INC.
CASE NO. 04-67600
AT 7/31/05
PULASKI - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 468,299.39
Total PR Outstanding Checks 72,357.58
Misc. Reconciling Items Adjusted in August. 100.46
-----------
540,757.43
Unadjusted GL Balance 540,757.43
-----------
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
7/14/2005 15083 225.88
7/14/2005 15098 198.05
7/14/2005 15112 984.42
7/20/2005 15129 200.00
7/21/2005 15133 1,980.28
7/21/2005 15135 1,515.00
7/21/2005 15136 160.86
7/21/2005 15139 47.47
7/21/2005 15140 88.20
7/21/2005 15142 1,252.46
7/21/2005 15143 106.68
7/21/2005 15144 3,027.69
7/21/2005 15145 2,730.30
7/21/2005 15146 3,600.00
7/21/2005 15147 17,280.00
7/21/2005 15148 48.46
7/21/2005 15149 121.00
7/21/2005 15150 295.00
7/21/2005 15151 1,465.85
7/21/2005 15152 88.47
7/21/2005 15153 540.00
7/21/2005 15154 520.00
7/21/2005 15155 987.70
7/21/2005 15156 293.08
7/21/2005 15157 1,425.00
7/21/2005 15158 100.46
7/21/2005 15159 200.00
7/21/2005 15160 1,095.30
7/21/2005 15161 1,861.47
7/21/2005 15162 95.05
7/21/2005 15163 54.75
7/21/2005 15165 10,605.16
7/21/2005 15166 91.34
7/21/2005 15168 225.00
7/21/2005 15169 2,716.89
7/21/2005 15172 673.15
7/21/2005 15173 3,196.93
7/21/2005 15174 1,270.50
7/21/2005 15175 6,693.95
7/21/2005 15176 483.53
7/21/2005 15177 141.69
7/21/2005 15178 396.98
7/21/2005 15179 97.31
7/21/2005 15180 535.80
7/21/2005 15181 987.30
7/21/2005 15182 134.54
7/21/2005 15183 6,259.25
7/21/2005 15184 94,873.00
7/21/2005 15185 11.93
7/21/2005 15188 90.00
7/21/2005 15190 558.00
7/21/2005 15191 507.49
7/21/2005 15192 114.49
7/22/2005 15194 988.92
7/22/2005 15195 294.40
7/22/2005 15196 1,045.52
7/22/2005 15197 260.00
7/22/2005 15199 1,203.82
7/22/2005 15200 1,999.70
7/22/2005 15201 6,133.60
7/22/2005 15202 8,364.96
7/22/2005 15203 3,617.48
7/22/2005 15204 3,042.90
7/22/2005 15206 508.69
7/22/2005 15207 415.48
7/22/2005 15208 3,548.41
7/22/2005 15209 5,550.00
7/22/2005 15210 1,308.68
7/22/2005 15211 125.00
7/22/2005 15214 201.14
7/22/2005 15215 12,000.00
7/22/2005 15216 5,099.64
7/22/2005 15217 3,123.78
7/22/2005 15218 848.00
7/22/2005 15219 451.50
7/22/2005 15220 11,738.00
7/22/2005 15221 3,545.57
7/22/2005 15222 2,284.00
7/22/2005 15223 3,509.00
7/22/2005 15224 659.19
7/22/2005 15225 400.00
7/22/2005 15226 735.00
7/22/2005 15227 838.76
7/22/2005 15228 1,142.40
7/27/2005 15230 37,365.00
7/27/2005 15232 1,341.98
7/27/2005 15233 253.00
7/27/2005 15235 15.41
7/27/2005 15236 754.50
7/27/2005 15237 70.59
7/27/2005 15238 1,467.55
7/27/2005 15239 795.39
7/27/2005 15240 109.50
7/27/2005 15241 100.46
7/27/2005 15242 7,353.50
7/27/2005 15243 300.00
7/27/2005 15244 2,404.65
7/27/2005 15245 1,325.12
7/27/2005 15246 396.79
7/27/2005 15247 95.05
7/27/2005 15248 2,295.32
7/27/2005 15249 277.57
7/27/2005 15250 11,421.28
7/27/2005 15251 91.34
7/27/2005 15252 8,885.40
7/27/2005 15253 1,200.00
7/27/2005 15254 426.82
7/27/2005 15255 42.54
7/27/2005 15256 37.23
7/27/2005 15257 7,942.59
7/27/2005 15258 22.87
7/27/2005 15259 359.00
7/27/2005 15260 1,153.50
7/27/2005 15261 387.60
7/27/2005 15262 535.21
7/27/2005 15263 558.45
7/27/2005 15264 17,117.17
7/27/2005 15265 1,085.00
7/27/2005 15266 42.65
7/27/2005 15267 3,571.68
7/27/2005 15268 200.00
7/27/2005 15269 938.68
7/27/2005 15270 30.00
7/27/2005 15271 550.00
7/27/2005 15272 178.00
7/27/2005 15273 735.00
7/27/2005 15274 340.00
7/27/2005 15275 3,733.28
7/27/2005 15276 155.58
7/27/2005 15277 329.72
7/27/2005 15278 185.73
7/27/2005 15279 126.00
7/27/2005 15280 558.00
7/27/2005 15281 156.54
7/29/2005 15283 1,246.50
7/29/2005 15285 20,844.00
7/29/2005 15286 627.28
7/29/2005 15287 534.09
7/29/2005 15288 1,669.16
7/29/2005 15289 1,930.50
7/29/2005 15290 10.00
7/29/2005 15291 2,979.00
7/29/2005 15292 1,323.53
7/29/2005 15293 545.31
7/29/2005 15294 305.09
7/29/2005 15295 431.77
7/29/2005 15296 3,645.00
7/29/2005 15297 140.00
7/29/2005 15298 2,487.51
7/29/2005 15299 249.32
7/29/2005 15300 3,442.72
7/29/2005 15301 125.92
7/29/2005 15302 411.17
7/29/2005 15303 2,992.80
7/29/2005 15304 99.22
7/29/2005 15305 8,149.81
7/29/2005 15306 1,533.79
7/29/2005 15307 1,387.05
7/29/2005 15308 131.20
7/29/2005 15309 3,420.00
7/29/2005 15310 200.00
7/29/2005 15311 2,950.00
7/29/2005 15312 2,766.46
7/29/2005 15313 4,005.50
7/29/2005 15314 900.72
7/29/2005 15315 1,652.50
7/29/2005 15316 417.00
7/29/2005 15317 3,840.00
7/29/2005 15318 4,525.00
7/29/2005 15319 888.96
7/29/2005 15320 246.67
7/29/2005 15321 1,101.89
$ 468,299.39
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS: MONTHLY CASH STATEMENT
MONTH ENDED 7/31/2005
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 331,654 - - - -
TRANSFERS IN (CORPORATE) - 263,652 55,157 183,396 3,451
DISBURSEMENTS - (263,652) (55,157) (183,396) (3,451)
TRANSFERS OUT (CORPORATE) (331,654) - - - -
---------------------------------------------------------------
ENDING BANK BALANCE - - - - -
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 6,209
CHECKS ISSUED 219,460
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 214,087
CORPORATE DEBIT MEMOS 35,657
----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 475,413
==========
OUTSTANDING CHECKS AS OF JUNE 30 181,554
VOIDED CHECKS OUTSTANDING AS OF JUNE 30 (3,175)
CHECKS ISSUED DURING JULY 219,460
CHECKS CLEARED DURING JULY (263,652)
----------
OUTSTANDING CHECKS AS OF JULY 31 (SEE OUTSTANDING CHECKLIST) 134,187
==========
GANTON TECHNOLOGIES, INC. (RACINE) CASE NO. 04-67600
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
- ----------------------------------------------------------------------------------------------------------
AAA ENVIRONMENTAL $ 2,379.90
ACCOUNTEMPS 8,077.42
ACE INSURANCE 34,406.85
ADVANCED WASTE SERVI 1,237.50
AMERICAN ENTERPRISE 5,491.57
AMERICAN INDUSTRIAL 1,475.93
AT & T 5,283.00
AT&T 72.73
AUTOMATIC DATA PROCE 3,154.38
BOSTON MUTUAL LIFE 1,557.00
CO-OPERATIVE CREDIT UNION 3,194.00
CURT PAPE 2,128.05
DIRECT DENTAL SERVICE 3,780.43
EYE CARE OF WISCONSIN INC 8.96
GENE SCHIEFELBEIN 1,665.38
GENESIS CONSULTANTS, 3,000.00
GLOBAL EXCHANGE SERV 39.31
GORDON FLESCH CO., I 3,271.80
GRECCO, JOE 1,177.86
JEFFERSON PILOT FINANCIAL 413.60
KAUFMANN-WORTHEN 117,900.00
KAZTEX ENERGY MANAGE 23.71
KRISTIANSEN ENTERPRI 800.00
M & I TRUST 449.00
MARSHALL & ILSLEY TRUST 712.70
MARY JANE HANSEN 1,016.13
MOTION INDUSTRIES, I 1,581.73
MOUNT PLEASANT SEWER 907.57
OFSI 193.38
PACKERLAND RENT-A-MA 113.05
PRICE ENGINEERING CO 1,350.00
PUTNAM INVESTMENTS- 2,672.19
RACINE PAYROLL (INCLUDES DISB BY CORP) 214,086.72
RACINE WATER AND 1,003.83
SBC 207.77
STEVE MUTCHIE 89.67
STURTEVANT WATER & S 11,230.26
TRANS-MAN LOGISTICS 6,209.58
TWIN CITY OPTICAL 35.95
U.S. CELLULAR 1,474.74
UAW LOCAL 627 206.08
ULINE 259.82
UNITED PARCEL SERVIC 64.00
WASTE MANAGEMENT 943.24
WE ENERGIES 21,975.05
WI SCTF 35.00
WISCONSIN LIFT TRUCK 382.50
WOLTER INVESTMENT CO 5,579.32
WOODLAND HILLS 2,094.64
---------------
$ 475,413.30
GANTON TECHNOLOGIES, INC.
CASE NO. 04-67600
AT 7/31/05
RACINE - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 134,186.87
Unadjusted GL Balance 134,186.87
----------
Difference $ -
==========
GANTON TECHNOLOGIES, INC.
CASE NO. 04-67600
RACINE
OUTSTANDING CHECKS
CASE NO. 04-67600
DATE CHECK OUTSTANDING
- --------- ----- -----------
7/1/2005 43039 $ 1,500.00
7/13/2005 43062 52,200.00
7/20/2005 43086 206.08
7/25/2005 43093 545.35
7/25/2005 43094 799.97
7/25/2005 43096 1,500.00
7/25/2005 43100 89.67
7/25/2005 43101 1,016.13
7/25/2005 43102 460.73
7/27/2005 43106 762.80
7/27/2005 43107 575.58
7/27/2005 43109 786.00
7/27/2005 43110 39.31
7/27/2005 43111 2,782.03
7/27/2005 43112 65,700.00
7/27/2005 43113 2,672.19
7/27/2005 43114 112.25
7/27/2005 43116 632.88
7/27/2005 43117 1,805.90
$134,186.87
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JULY 31, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: GANTON TECHNOLOGIES, INC. Capacity: ___ Shareholder
Case Number: 04-67600 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $0
Dated: AUGUST 22, 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
& 6/22/05-12/22/05
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 JULY 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67601
) Chapter 11
) Judge: Marci B. McIvor
INTERMET HOLDING COMPANY )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and, (if not, attach written
explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization. (If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns. (If not, attach a written
explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: AUGUST 22, 2005 /s/ ROBERT E. BELTS
---------------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- -------------------
Title Phone
Intermet Cop.and Subsidiaries
Operating Statement
For the Month Ended 7-31-05
($000's)
CASE # 04-67601
INTERMET
HOLDING CO.
------------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales - -
Cost of Goods Sold
Materials and Freight - -
Wages - Hourly - -
Wages-Salary - -
Employee Benefits and Pension - -
Repairs & Maintenance - -
Supplies - -
Utilities - -
Purchased Components/Services - -
Income(loss) from Pattern Sales - -
Fixed Asset - (gain/loss) - -
MIS Expense - -
Travel & Entertainment - -
Other Variable Costs - -
Depreciation & Amortization - -
Other Allocated Fixed Costs - -
Other Fixed Costs - -
------------- ------------------
Cost of Goods Sold - -
Gross Profit - -
Plant SG&A Expense - -
SG&A Expense - Allocation (Sched 1) - -
Other Operating Expenses - -
------------- ------------------
Total Operating Expenses - -
Operating Profit - -
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) - -
Charges (From) Affiliates - -
Charges To Affiliates - -
Gain/(Loss) On Sales Of Assets - -
Outside Dividend Income - -
Foreign Exchange Gain/(Loss) - -
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 July, $374,000 of Intercompany interest
was eliminated through foreign operations and therefore not included in this
statement.
Current Month Total Since Filing
($374) ($3,871)
Schedule 1
July
Intermet Corp and Subsidiaries
Corporate Selling, General and Administrative Costs
(Allocation of Corporate Costs to Filing Entities)
(000's)
July
-------
Officer Compensation $ 189
Salary Expense other Employees 968
Employee Benefits and Pension 108
Payroll Taxes 53
Other Taxes 3
Rent and Lease Expense 186
Interest Expense
Insurance 54
Automobile and Truck Expense 12
Utilities(Gas Electric,Phone) 41
Depreciation 93
Travel and Entertainment 78
Repairs and Maintenance 48
Advertising/Promotion 7
Supplies, Office Expense 17
OTHER:
Contributions 4
Professional Fees - Audit/Tax 350
Bank Fees 24
Public Reporting Fees 15
Employee Relocation/Training 41
Data Processing 23
Dues and Subscriptions 15
Outside Services 83
Project Development Costs net of Billings 114
Director Fees 25
Miscellaneous 2
Legal Fees 4
Cost Allocation - Europe (78)
Cost Allocation - Out (168)
-------
$ 2,309
=======
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 656
-------
Total $ 2,309
=======
Intermet Corp and Subsidiaries
Balance Sheet as of 07-31-05
($000's)
CASE # 04-67601
---------------
INTERMET
HOLDING CO.
---------------
Cash And Equivalents
Accounts Receivable
Short-Term Intercompany Receivables
Inventories
Other Current Assets -
---------
TOTAL CURRENT ASSETS -
Land and Buildings -
Machinery & Equipment -
Construction In Progress -
---------
Total Fixed Assets -
Accumulated Depreciation -
---------
NET FIXED ASSETS -
Investment In Subsidiaries 90,292
Investment In European Operations -
Long-Term Intercompany Receivables 8,246
Deferred Taxes, Long-Term Asset
Other Assets -
---------
TOTAL ASSETS $ 98,538
=========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ -
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 139,580
Minority Interest -
---------
TOTAL LIABILITIES 139,580
Common Stock 1
Capital In Excess Of Par Value 1
Retained Earnings - Prepetition (18,705)
Retained Earnings - Post Petition (3,871)
Equity In European Operations
Accumulated Translation Adjustment (18,468)
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
---------
TOTAL SHAREHOLDER EQUITY (41,042)
---------
TOTAL LIABILITIES AND EQUITY $ 98,538
=========
PERIOD ENDED: 07-31-05 INTERMET HOLDING COMPANY CASE #04-67601
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued/ Payments/ as of
6/30/2005 Withheld Deposits 07/31/2005
---------- ---------- ---------- ---------
Income tax withheld: Federal $ 0 $ 0 $ 0 $ 0
Income tax withheld: State $ 0 $ 0 $ 0 $ 0
Income tax withheld: Local $ 0 $ 0 $ 0 $ 0
FICA Withheld $ 0 $ 0 $ 0 $ 0
Employers FICA $ 0 $ 0 $ 0 $ 0
Unemployment Tax: Federal $ 0 $ 0 $ 0 $ 0
Unemployment Tax: State $ 0 $ 0 $ 0 $ 0
All Other Payroll W/H $ 0 $ 0 $ 0 $ 0
$ 0 $ 0 $ 0 $ 0
State Taxes: Inc./Sales/Use/Excise $ 0 $ 0 $ 0 $ 0
Property Taxes $ 0 $ 0 $ 0 $ 0
$ 0
Workers Compensation 0 0 0 0
--------- --------- -------- --------
Total $ 0 $ 0 $ 0 $ 0
Wages and Salaries 0 0 0 0
--------- --------- -------- --------
Grand Total $ 0 $ 0 $ 0 $ 0
========= ========= ======== ========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $ 0 $ 0 $ 0
Accounts Receivable $ 0 $ 0 $ 0
MONTHLY CASH STATEMENT
Period Ending: JULY 31, 2005
INTERMET HOLDING COMPANY
Case Number: 04-67601
CASH ACTIVITY ANALYSIS (CASH BASIS ONLY):
General Payroll Tax Cash Coll. Petty Cash
Acct. Acct. Acct. Acct. Acct.
A. Beginning Balance _____ _____ _____ _____ _____
B. Receipts _____ _____ _____ _____ _____
(Attach separate schedule)
C. Balance Available _____ _____ _____ _____ _____
(A+B)
D. Less Disbursements _____ _____ _____ _____ _____
(Attach separate schedule)
E. Ending Balance N/A - COMPANY HAS NO BANK ACCOUNTS
(C-D)
(PLEASE ATTACH COPIES OF MOST RECENT RECONCILED BANK STATEMENTS
FROM EACH ACCOUNT)
General Account:
1. Depository Name & Location _______________________________
2. Account Number _______________________________
Payroll Account:
1. Depository Name & Location _______________________________
2. Account Number _______________________________
Tax Account:
1. Depository Name & Location _______________________________
2. Account Number _______________________________
Other monies on hand (specify type and location) i.e., CD's, bonds, etc.:
__________________________________________________________________________
__________________________________________________________________________
Date: AUGUST 22, 2005 ______________________________
Debtor in Possession
Form 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JULY 31, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: INTERMET HOLDING COMPANY Capacity: ___ Shareholder
Case Number: 04-67601 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance ______ _______
Life Insurance ______ _______
Retirement ______ _______
Company Vehicle ______ _______
Entertainment ______ _______
Travel ______ _______
Other Benefits ______ _______
Total Benefits ______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid ______ _______
Loans ______ _______
Other (Describe) ______ _______
Other (Describe) ______ _______
Other (Describe) ______ _______
Total Other Payments ______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
______ $0
Dated: AUGUST 22, 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
& 6/22/05-12/22/05
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 JULY 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67604
) Chapter 11
) Judge: Marci B. McIvor
INTERMET ILLINOIS, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and, (if not, attach written
explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization. (If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns. (If not, attach a written
explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: AUGUST 22, 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 7-31-05
($000's)
Case # 04-67604
Intermet
Illinois
-------------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales - -
Cost of Goods Sold
Materials and Freight - -
Wages - Hourly - -
Wages-Salary - -
Employee Benefits and Pension - -
Repairs & Maintenance - -
Supplies - -
Utilities - -
Purchased Components/Services - -
Income(loss) from Pattern Sales - -
Fixed Asset - (gain/loss) - -
MIS Expense - -
Travel & Entertainment - -
Other Variable Costs - -
Depreciation & Amortization - -
Other Allocated Fixed Costs - -
Other Fixed Costs - -
------------- ------------------
Cost of Goods Sold - -
Gross Profit - -
Plant SG&A Expense - -
SG&A Expense - Allocation (Sched 1) - -
Other Operating Expenses - -
------------- ------------------
Total Operating Expenses - -
Operating Profit - -
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) - -
Charges (From) Affiliates - -
Charges To Affiliates - -
Gain/(Loss) On Sales Of Assets - -
Outside Dividend Income - -
Foreign Exchange Gain/(Loss) - -
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 July
(Allocation of Corporate Costs to Filing Entities)
(000's)
July
-------
Officer Compensation $ 189
Salary Expense other Employees 968
Employee Benefits and Pension 108
Payroll Taxes 53
Other Taxes 3
Rent and Lease Expense 186
Interest Expense
Insurance 54
Automobile and Truck Expense 12
Utilities(Gas Electric,Phone) 41
Depreciation 93
Travel and Entertainment 78
Repairs and Maintenance 48
Advertising/Promotion 7
Supplies, Office Expense 17
other:
Contributions 4
Professional Fees - Audit/Tax 350
Bank Fees 24
Public Reporting Fees 15
Employee Relocation/Training 41
Data Processing 23
Dues and Subscriptions 15
Outside Services 83
Project Development Costs net of Billings 114
Director Fees 25
Miscellaneous 2
Legal Fees 4
Cost Allocation - Europe (78)
Cost Allocation - Out (168)
-------
$ 2,309
=======
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 656
-------
Total $2,309
=======
Intermet Corp and Subsidiaries
Balance Sheet as of 07-31-05
($000's)
Case # 04-67604
---------------
Intermet
Illinois
---------------
Cash And Equivalents
Accounts Receivable
Short-Term Intercompany Receivables
Inventories
Other Current Assets -
---------------
Total Current Assets -
Land and Buildings -
Machinery & Equipment 163
Construction In Progress (163)
---------------
Total Fixed Assets -
Accumulated Depreciation -
---------------
Net Fixed Assets -
Investment In Subsidiaries -
Investment In European Operations -
Long-Term Intercompany Receivables -
Deferred Taxes, Long-Term Asset
Other Assets -
---------------
Total Assets $ -
===============
Liabilities and Shareholder Equity
Post Petition Liabilities
Accounts Payable
Wages and Salaries (See schedule)
Taxes Payable - (See schedule)
---------------
Total Post Petition Liabilities -
Secured Liabilities:
Secured Debt -
Pre-Petition Liabilities:
Taxes and Other Priority Liabilities:
Accrued Income Taxes -
Accrued Tax - State -
Accrued Property Taxes -
Accrued Workers Comp. -
Accrued Payroll -
Accrued Payroll Taxes -
---------------
Total Taxes and Other Priority Liabilities -
Unsecured Liabilities
Accounts Payable -
Senior & IDR Bonds -
---------------
Total Unsecured Liabilities -
Other Liabilities
Accrued Liabilities -
Short-Term Intercompany Payables -
Retirement Benefits
Deferred Taxes - Long-Term Liability
Other Long-Term Liabilities
Long-Term Intercompany Payables 100
Minority Interest
---------------
Total Liabilities 100
Common Stock -
Capital In Excess Of Par Value -
Retained Earnings - Prepetition 100)
Retained Earnings - Post Petition 0
Equity In European Operations
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment
Unearned Restricted Stock
---------------
Total Shareholder Equity (100)
---------------
Total Liabilities And Equity $ -
===============
PERIOD ENDED: 07-31-05 INTERMET ILLINOIS CASE #04-67604
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
6/30/2005 Withheld Deposits 07/31/2005
--------- --------- ---------- ----------
Income tax withheld: Federal $0 $0 $0 $0
Income tax withheld: State $0 $0 $0 $0
Income tax withheld: Local $0 $0 $0 $0
FICA Withheld $0 $0 $0 $0
Employers FICA $0 $0 $0 $0
Unemployment Tax: Federal $0 $0 $0 $0
Unemployment Tax: State $0 $0 $0 $0
All Other Payroll W/H $0 $0 $0 $0
$0 $0 $0 $0
State Taxes: Inc./Sales/Use/Excise $0 $0 $0 $0
Property Taxes $0 $0 $0 $0
$0
Workers Compensation 0 0 0 0
----- ----- ------ ------
Total $0 $0 $0 $0
Wages and Salaries 0 0 0 0
----- ----- ------ ------
Grand Total $0 $0 $0 $0
===== ===== ====== ======
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $0 $0 $0
Accounts Receivable $0 $0 $0
MONTHLY CASH STATEMENT
Period Ending: JULY 31, 2005
INTERMET ILLINOIS, INC.
Case Number: 04-67604
CASH ACTIVITY ANALYSIS (CASH BASIS ONLY):
General Payroll Tax Cash Coll. Petty Cash
Acct. Acct. Acct. Acct. Acct.
A. Beginning Balance _______ _______ _____ __________ __________
B. Receipts _______ _______ _____ __________ __________
(Attach separate schedule)
C. Balance Available _______ _______ _____ __________ __________
(A+B)
D. Less Disbursements _______ _______ _____ __________ __________
(Attach separate schedule)
E. Ending Balance N/A - COMPANY HAS NO BANK ACCOUNT
(C-D)
(PLEASE ATTACH COPIES OF MOST RECENT RECONCILED BANK STATEMENTS
FROM EACH ACCOUNT)
General Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Payroll Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Tax Account:
1. Depository Name & Location _____________________________
2. Account Number _____________________________
Other monies on hand (specify type and location)
________________________________________________________________________________
________________________________________________________________________________
Date: AUGUST 22, 2005 ______________________________
Debtor in Possession
Form 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JULY 31, 2005
The following information is to be provided for each shareholder,
officer, director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: INTERMET ILLINOIS, INC. Capacity: ___ Shareholder
Case Number: 04-67604 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
Current Compensation Paid: Weekly or Monthly
_______ _______
Current Benefits Paid: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $0
Dated: AUGUST 22, 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
& 6/22/05-12/22/05
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 JULY 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67607
) Chapter 11
) Judge: Marci B. McIvor
INTERMET INTERNATIONAL, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and, (if not, attach written
explanation)
YES [X] NO[ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current. (If
not, attach written explanation)
YES [X] NO[ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization. (If not, attach a written explanation)
YES [X] NO[ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO[ ]
6. Have you filed your pre-petition tax returns. (If not, attach a written
explanation)
YES [X] NO[ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: AUGUST 22, 2005 /s/ Robert E. Belts
-----------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- ----------------------
Title Phone
MONTHLY CASH STATEMENT
Period Ending: JULY 31, 2005
INTERMET INTERNATIONAL, INC.
Case Number: 04-67607
CASH ACTIVITY ANALYSIS (CASH BASIS ONLY):
General Payroll Tax Cash Coll. Petty Cash
Acct. Acct. Acct. Acct. Acct.
A. Beginning Balance _______ _______ _____ __________ __________
B. Receipts _______ _______ _____ __________ __________
(Attach separate schedule)
C. Balance Available _______ _______ _____ __________ __________
(A+B)
D. Less Disbursements _______ _______ _____ __________ __________
(Attach separate schedule)
E. Ending Balance ALL ACTIVITY FOR INTERMET INTERNATIONAL, INC. IS REPORTED IN THE
(C-D) CONSOLIDATED COLUMBUS FOUNDRY OPERATING REPORT (CASE #04-67609).
(PLEASE ATTACH COPIES OF MOST RECENT RECONCILED BANK STATEMENTS
FROM EACH ACCOUNT)
General Account:
1. Depository Name & Location ________________________________
2. Account Number ________________________________
Payroll Account:
1. Depository Name & Location ________________________________
2. Account Number ________________________________
Tax Account:
1. Depository Name & Location ________________________________
2. Account Number ________________________________
Other monies on hand (specify type and location) i.e., CD's, bonds, etc.:
________________________________________________________________________________
________________________________________________________________________________
Date: AUGUST 22, 2005 ______________________________
Debtor in Possession
Form 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JULY 31, 2005
The following information is to be provided for each shareholder,
officer, director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: INTERMET INTERNATIONAL, INC. Capacity: ___ Shareholder
Case Number: 04-67607 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
Current Compensation Paid: Weekly or Monthly
_______ _______
Current Benefits Paid: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $0
Dated: AUGUST 22, 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
& 6/22/05-12/22/05
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 JULY 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67598
) Chapter 11
) Judge: Marci B. McIvor
INTERMET U.S. HOLDING, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and, (if not, attach written
explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization. (If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: AUGUST 22, 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 7-31-05
($000's)
CASE #04-67598
INTERMET U.S.
HOLDING
---------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 2,983 55,626
Cost of Goods Sold
Materials and Freight 576 20,064
Wages - Hourly 625 7,872
Wages-Salary 314 3,605
Employee Benefits and Pension 322 4,212
Repairs & Maintenance 394 3,283
Supplies (15) 3,139
Utilities 394 5,183
Purchased Components/Services 43 2,175
Income(loss) from Pattern Sales - 754
Fixed Asset - (gain/loss) - (81)
MIS Expense 33 471
Travel & Entertainment 3 41
Other Variable Costs 484 1,979
Depreciation & Amortization 452 5,165
Other Allocated Fixed Costs - 1
Other Fixed Costs 201 1,886
------ ------
Cost of Goods Sold 3,826 59,749
Gross Profit (843) (4,123)
Plant SG&A Expense 3 8
SG&A Expense - Allocation (Sched 1) 261 2,545
Other Operating Expenses - 514
------ ------
Total Operating Expenses 264 3,067
Operating Profit (1,107) (7,190)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (124) (1,120)
Charges (From) Affiliates - -
Charges To Affiliates - -
Gain/(Loss) On Sales Of Assets - (751)
Outside Dividend Income - -
Foreign Exchange Gain/(Loss) - -
Income/Loss From European Operations - -
Other Income/(Expense) 1 31
------ ------
Total Non-Operating Expenses (123) (1,840)
Income Before Income Taxes (1,230) (9,030)
Income Tax Expense 1 1
------ ------
Net Income (1,231) (9,031)
====== ======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs July
(Allocation of Corporate Costs to Filing Entities)
(000's)
July
------
Officer Compensation $ 189
Salary Expense other Employees 968
Employee Benefits and Pension 108
Payroll Taxes 53
Other Taxes 3
Rent and Lease Expense 186
Interest Expense
Insurance 54
Automobile and Truck Expense 12
Utilities(Gas Electric,Phone) 41
Depreciation 93
Travel and Entertainment 78
Repairs and Maintenance 48
Advertising/Promotion 7
Supplies, Office Expense 17
OTHER:
Contributions 4
Professional Fees - Audit/Tax 350
Bank Fees 24
Public Reporting Fees 15
Employee Relocation/Training 41
Data Processing 23
Dues and Subscriptions 15
Outside Services 83
Project Development Costs net of Billings 114
Director Fees 25
Miscellaneous 2
Legal Fees 4
Cost Allocation - Europe (78)
Cost Allocation - Out (168)
------
$2,309
======
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 656
------
Total $2,309
======
Internet Corp. and Subsidiaries
Balance Sheet as of 7-31-05
($000's)
CASE #04-67598
--------------
INTERMET U.S.
HOLDING
--------------
Cash And Equivalents $ -
Accounts Receivable 5,555
Short-Term Intercompany Receivables -
Inventories 7,115
Other Current Assets 261
------
TOTAL CURRENT ASSETS 12,931
Land and Buildings 29,945
Machinery & Equipment 59,782
Construction In Progress 450
--------
Total Fixed Assets 90,177
Accumulated Depreciation (50,123)
--------
NET FIXED ASSETS 40,054
Investment In Subsidiaries -
Investment In European Operations -
Long-Term Intercompany Receivables -
Deferred Taxes, Long-Term Asset -
Other Assets 1,189
--------
TOTAL ASSETS $ 54,174
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 680
Wages and Salaries (See schedule) 722
Taxes Payable - (See schedule) 615
--------
TOTAL POST PETITION LIABILITIES 2,017
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. 363
Accrued Payroll -
Accrued Payroll Taxes -
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 325
UNSECURED LIABILITIES
Accounts Payable 7,923
Senior & IDR Bonds -
--------
TOTAL UNSECURED LIABILITIES 7,923
OTHER LIABILITIES
Accrued Liabilities 1,866
Short-Term Intercompany Payables 13
Retirement Benefits -
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities -
Long-Term Intercompany Payables 20,975
Minority Interest -
--------
TOTAL LIABILITIES 33,119
Common Stock 5
Capital In Excess Of Par Value 54,495
Retained Earnings - Prepetition (24,414)
Retained Earnings - Post Petition (9,031)
Equity In European Operations -
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
--------
TOTAL SHAREHOLDER EQUITY 21,055
--------
TOTAL LIABILITIES AND EQUITY $ 54,174
========
PERIOD ENDED: 07-31-05 INTERMET U.S. HOLDING (COLUMBUS MACHINING) CASE #04-67598
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued/ Payments/ as of
6/30/2005 Withheld Deposits 7/31/2005
---------- ---------- ---------- ----------
Income tax withheld: Federal $ 1,827 ($ 1,392) $ 1,392 $ 1,827
Income tax withheld: State (859) (572) 572 (859)
Income tax withheld: Local 0 0 0 0
FICA Withheld 6,188 (869) 869 6,188
Employers FICA (1,086) (869) 1,832 (123)
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 (1,500) (500) 2,000 0
Property Taxes (160,548) (17,415) 0 (177,963)
Workers Compensation 19,036 (1,934) 10,726 27,828
---------- --------- ------- ----------
Total ($ 151,059) ($ 23,552) $17,392 ($ 157,219)
Wages and Salaries 1,393 (8,290) 8,290 1,393
---------- --------- ------- ----------
Grand Total ($ 149,666) ($ 31,842) $25,682 ($ 155,826)
========== ========= ======= ==========
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: 07-31-05 INTERMET U.S. HOLDING CORP. (NEW RIVER) CASE #04-67598
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued/ Payments/ as of
6/30/2005 Withheld Deposits 7/31/2005
----------- ----------- ---------- -----------
Income tax withheld: Federal $ 0 ($ 131,617) $ 131,617 $ 0
Income tax withheld: State 0 (48,131) 48,131 0
Income tax withheld: Local 0 0 0 0
FICA Withheld 0 (80,966) 80,966 0
Employers FICA (24,436) (74,172) 80,966 (17,642)
Unemployment Tax: Federal (54,611) (221) 772 (54,060)
Unemployment Tax: State (35,126) (5,809) 10,401 (30,534)
All Other Payroll W/H (19,740) (46,225) 59,035 (6,930)
State Taxes: Inc./Sales/Use/Excise (15,000) (8,932) 8,932 (15,000)
Property Taxes (135,000) (30,000) 0 (165,000)
Workers Compensation (166,448) (4,817) 2,752 (168,513)
----------- ----------- ---------- -----------
Total ($ 450,361) ($430,889) $ 423,572 ($ 457,678)
Wages and Salaries (833,003) (958,607) 1,068,445 (723,165)
----------- ----------- ---------- -----------
Grand Total ($1,283,364) ($1,389,496) $1,492,017 ($1,180,843)
=========== =========== ========== ===========
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 $ 679,961 $ 679,961 $ 0 $ 0
Accounts Receivable $5,889,837 $3,276,842 $2,147,755 $ 465,240
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 7/31/2005
MONTHLY CASH STATEMENT
CASE # 04-67598
INTERMET U.S. HOLDING (COLUMBUS MACHINING)
------------------------------------------
ACCOUNT TYPE PR (SALARY)
ACCOUNT # 2770716633
BANK Stan. Fed.
BEGINNING BANK BALANCE -
RECEIPTS -
TRANSFERS IN (CORPORATE) 12,074
DISBURSEMENTS (12,074)
TRANSFERS OUT (CORPORATE) -
----------------
ENDING BANK BALANCE -
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE -
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 12,370
CORPORATE DEBIT MEMOS 508
----------------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 12,878
================
Columbus Machining's payroll is consolidated with the Corporate payroll due to
immateriality.
Columbus Machining's disbursements are paid and allocated by Corporate.
INTERMET U.S. HOLDING, INC. (COLUMBUS MACHINING) CASE NO. 04-67598
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
- ----------------------------------- -------------------
ADP $ 81.55
COLUMBUS WATER WORKS 16.78
ICM PAYROLL (INCLUDES DISB BY CORP) 12,370.05
MISC--PROFIT SHARING (185.15)
RIVER MILL 224.20
VERIZON WIRELESS 370.15
---------------
$ 12,877.58
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 7/31/2005
MONTHLY CASH STATEMENT
CASE # 04-67598
INTERMET U.S. HOLDING (NEW RIVER)
------------------------------------------------
ACCOUNT TYPE DEPOSIT AP PR (HOURLY) PR (SALARY)
ACCOUNT # 5401086417 2770716476 2770716468 2770716641
BANK Stan. Fed. Stan. Fed. Stan. Fed. Stan. Fed.
BEGINNING BANK BALANCE - - - -
RECEIPTS 5,116,303 - - -
TRANSFERS IN (CORPORATE) - 1,662,129 639,550 306,021
DISBURSEMENTS - (1,662,129) (639,550) (306,021)
TRANSFERS OUT (CORPORATE) (5,116,303) - - -
---------- ----------- ----------- ----------
ENDING BANK BALANCE - - - -
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 1,187,161
CHECKS ISSUED 1,911,376
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 1,153,071
CORPORATE DEBIT MEMOS 7,563
-----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 4,259,172
===========
OUTSTANDING CHECKS AS OF JUNE 30 120,075
VOIDED CHECKS OUTSTANDING AS OF JUNE 30 (5,500)
CHECKS ISSUED DURING JULY 1,911,376
Checks Cleared During JULY (1,662,129)
-----------
OUTSTANDING CHECKS AS OF JULY 31 (SEE OUTSTANDING CHECKLIST) $ 363,822
===========
INTERMET U.S. HOLDING, INC. (NEW RIVER) CASE NO. 04-67598
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------ -------------------
ACE INSURANCE $ 2,752.30
ACE OF VIRGINIA 222.67
ADVANCED CARBIDE TOOL 2,765.00
ADVANCED TECH SERVICE BUREAU 100.00
AEGIS ENVIRONMENTAL INC 6,362.03
AETNA US HEALTH CARE 4,280.40
AIR DOCTOR 502.41
AIR PRODUCTS & CHEMICAL 5,442.46
AIRGAS INC 1,332.60
APPLIED INDUST. TECH 258.79
AQUIS COMMUNICATIONS, INC 374.26
ARAMARK UNIFORM SERVICE 498.64
ARBON EQUIPMENT CORP. 414.50
ARCET 1,046.58
AT&T 1,605.87
ATLANTIC COAST TOYOTALIFT 1,452.23
ATMOS ENERGY 1,774.18
ATMOS ENERGY MARKETING 27,869.72
BEST ONE TIRE 1,800.00
BOB'S REFUSE SERVICE IN 854.92
BROWNE & SHARPE 1,150.00
BRUMETT, MARTIN 1,401.67
CANON FINANCIAL 534.34
CARRIER VIBRATING EQUIP 29,578.42
CENTRAL VALLEY RUBBER S 12,084.43
CHAMPION CHISEL WORKS, 7,293.30
CHICAGO FREIGHT CAR LEA 7,717.91
CITY OF RADFORD 4,119.30
CITY OF RADFORD 371,790.77
COMFORT INN RADFORD 68.26
COMMERCIAL STEEL ERECTI 1,000.00
COMMONWEALTH OF VIRGINIA 140.17
COUNTY OF CHARLOTTE 75.92
COUNTY OF GILES 229.66
COUNTY OF MONTGOMERY 226.58
DETEK INC. 240.00
DISA INDUSTRIES, INC 21,295.25
EIRICH MACHINES 3,369.84
ELKEM METALS INC. 43,734.86
EMI EQUIPMENT MERCHANTS 3,107.59
EMSCO INC 1,419.51
ENTERPRISE 610.41
ENVIRONMENTAL OPTIONS INC. 5,396.67
EVANS,ROBERT D 82.95
FAIRLAWN STORAGE 112.00
FETTER FINISHING 44,230.20
FOSECO INC. 11,050.00
FRENCH, LYDIA 130.05
G E CAPITAL 15,719.00
GENERAL KINEMATICS 2,049.31
GREAT LAKES PRODUCTION SUPPORT 8,350.50
H.C. WADE 5,578.00
HA INTERNATIONAL, LLC 41,838.72
HARRIS RENTALS 65.00
HART METALS, INC. 37,400.00
HEAT TREATING SERVICES 38,038.99
HEATH OIL LLC 5,086.58
HELBLING, RICHARD H 2,737.13
HERAEUS ELECTRO NITE CO 17,787.30
HICKMAN, WILLIAMS AND CO 784.00
HILL AND GRIFFITH CO. 110,930.60
INTERMET U.S. HOLDING, INC. (NEW RIVER) CASE NO. 04-67598
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------ -------------------
HOMESTEAD MATERIALS HAND, 1,591.16
HOWELL, DOUG 38.73
INDUCTOTHERM CORP. 655.50
INDUSTRIAL SUPPLY CORP 347,291.31
INSTRON CORP 419.00
INTERMET 498.80
INTERNATIONAL SURFACE P 3,294.33
JONES,WILLARD 1,120.00
KOINS CORPORATION 4,671.00
KUNCE, JUSTIN 706.31
KWIK KAFE CO 105.19
L. H. CORP 354.00
LABORATORY CORP OF AMER 190.00
LECTROTHERM 39,050.42
LINA. 74.00
LLOYD ELECTRIC CO.INC. 4,685.00
MARJO PLASTICS CO INC 326.48
MARSHALL WIRT & COMPANY 1,188.00
MCC 8,796.00
METALTEC STEEL ABRASIVE 11,132.00
MICRO TEK PATTERN,INC. 15,200.00
MILLER AND COMPANY LLC 141,072.39
MITCHELL, KEVIN L. 100.06
MOODY,DWAYNE 1,808.91
MOORE SPECIALTY 1,780.00
MOREHOUSE INSTRUMENT CO 495.00
MOUNTAIN SPRINGS 243.00
MT SYSTEMS 82,735.20
NATIONAL MATERIAL TRADING 81,120.19
NATIONAL NDT 512.47
NEW RIVER GLASS 298.48
NEW RIVER PAYROLL (INCLUDES DISB BY CORP) 1,153,070.99
NEW RIVER RECYCLING 18,487.50
NEW RIVER SOLID WASTE M 45,353.62
NORFOLK SOUTHERN (GA) 70,000.00
NORTHBEND PATTERN WORKS 306,557.83
OLVER, INC. 2,108.40
OMNISOURCE CORPORATION 673,271.81
OMNISOURCE FT 34,500.00
PATTERN SERVICES 8,488.75
PATTERN TECHNOLOGIES 33,250.00
PIEDMONT FOUNDRY SUPPLY 270.00
POTOMAC ENVIRONMENTAL, 657.00
PROVIDENT LIFE 81.46
PROVIDENT LIFE 2,234.90
PULASKI CIRCUIT COURT 254.05
PULASKI GENERAL DIST CO 275.60
PYNN, DAVID 1,325.28
RADFORD CIRCUIT COURT 254.04
RADFORD CITY FLORIST 112.25
RADFORD COMBINED COURT 889.44
REBECCA CONNELLY 750.00
REDDY ICE-CASSCO 696.00
REFCO INC 6,120.00
RENTAL SERVICE CORP (RS 2,424.26
ROANOKE TIMES&WORLD NEWS 642.13
ROBERTSON MARKETING GROUP 72.44
SAFETY & COMPLIANCE 2,400.00
SAF-GARD SAFETY SHOE CO 269.97
SAVEITNOW 728.10
SCORE 1,340.00
SECURITY FORCES INC 10,919.89
SIMPSON, WILLIAM A 2,350.00
INTERMET U.S. HOLDING, INC. (NEW RIVER) CASE NO. 04-67598
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
- ------------------------------ -------------------
SUNBELT RENTALS 1,583.88
TATE ENGINEERING INC 4,224.00
THOMPSON CHRYSLER-PLYMO 56.87
THOMPSON TIRE 816.56
TJ'S TRUCK & AUTO SERVI 5,962.68
TRANSMAN (FREIGHT) 40,143.73
TREASURER OF VA 50.00
TREASURER OF VA-DEQ 4,942.12
TRIPLE M MANUFACTURING, INC. 1,204.00
TWO WAY RADIO INC 890.00
UNITED INDUSTRIAL SERVI 41,199.15
UNITED REFRACTORIES COM 29,367.50
UNITED WAY SAL 180.00
VA BEACH GEN DIST COURT 645.22
VA. DEPT OF TAXATION 8,630.46
VALLEY LANDSCAPING 195.00
VERIZON (17577) 9,162.73
VERIZON WIRELESS 143.83
VICTORIA SOWERS 310.00
W. MATTHEW SKEWES, MD 5,104.00
W.E.L. INC. 1,500.00
WEDRON SILICA-FAIRMOUNT 28,679.00
WESTMORELAND ADVANCED M 7,290.00
WHEELABRATOR ABRASIVES 10,472.00
WILLIAM A. KIBBE & ASSO 300.00
WISE AIR, INC. 3,575.00
ZEWE, ROBERT 570.38
-------------
$4,259,171.50
INTERMET U.S. HOLDING, INC.
CASE NO. 04-67598
AT 7/31/05
NEW RIVER - BANK RECONCILIATION
Bank Balance $ -
Outstanding AP Checks 363,821.72
Outstanding PR Checks 138,399.33
Misc Reconciling Item Adjusted in August. 0.40
-----------
502,221.45
Unadjusted GL Balance 502,221.45
-----------
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
7/8/2005 106297 645.22
7/15/2005 106346 666.00
7/22/2005 106390 222.67
7/22/2005 106394 1,800.00
7/22/2005 106407 2,628.00
7/22/2005 106420 750.00
7/22/2005 106424 310.00
7/22/2005 106444 25,210.33
7/29/2005 106450 1,605.87
7/29/2005 106451 534.34
7/29/2005 106452 7,157.56
7/29/2005 106453 865.21
7/29/2005 106454 75.92
7/29/2005 106455 21,295.25
7/29/2005 106456 1,419.51
7/29/2005 106457 2,020.75
7/29/2005 106460 18,144.60
7/29/2005 106461 65.00
7/29/2005 106462 8,372.15
7/29/2005 106463 8,037.30
7/29/2005 106464 3,294.33
7/29/2005 106465 1,120.00
7/29/2005 106466 4,671.00
7/29/2005 106467 22.89
7/29/2005 106468 326.48
7/29/2005 106469 2,252.50
7/29/2005 106474 400.00
7/29/2005 106475 228.00
7/29/2005 106476 269.97
7/29/2005 106477 2,161.12
7/29/2005 106478 4,224.00
7/29/2005 106479 860.00
7/29/2005 106480 2,760.41
7/29/2005 106481 6,856.50
7/29/2005 106482 4,527.42
7/29/2005 106483 71.84
7/29/2005 106484 75.00
7/29/2005 106485 3,575.00
7/29/2005 106499 67,907.95
7/29/2005 106500 121,539.50
7/29/2005 106501 33,250.00
$363,821.72
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JULY 31, 2005
The following information is to be provided for each shareholder,
officer, director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: INTERMET U.S. HOLDING, INC. Capacity: ___ Shareholder
Case Number: 04-67598 ___ 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: AUGUST 22, 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
& 6/22/05-12/22/05
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 JULY 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67603
) Chapter 11
) Judge: Marci B. McIvor
IRONTON IRON, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO[ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO[ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO[ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO[ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO[ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: AUGUST 22, 2005 /s/ Robert E. Belts
---------------------------------------------
Debtor In Possession
Chief Financial Officer (248)952-2500
----------------------- -------------------
Title Phone
Intermet Corp. and Subsidaries
Operating Statement
For the Month Ended 7-31-05
($000's)
CASE #04-67603
IRONTON
IRON
-------------------------------------
Current Month Total Since Filing
---------------- ------------------
Net Sales - -
Cost of Goods Sold
Materials and Freight - -
Wages - Hourly - -
Wages-Salary - -
Employee Benefits and Pension - -
Repairs & Maintenance - -
Supplies - -
Utilities - -
Purchased Components/Services - -
Income(loss) from Pattern Sales - -
Fixed Asset - (gain/loss) - -
MIS Expense - -
Travel & Entertainment - -
Other Variable Costs - (37)
Depreciation & Amortization - -
Other Allocated Fixed Costs - -
Other Fixed Costs - -
---------------- ------------------
Cost of Goods Sold - (37)
Gross Profit - 37
Plant SG&A Expense - (3)
SG&A Expense - Allocation (Sched 1) - -
Other Operating Expenses 200 573
---------------- ------------------
Total Operating Expenses 200 570
Operating Profit (200) (533)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) - -
Charges (From) Affiliates - -
Charges To Affiliates - -
Gain/(Loss) On Sales Of Assets - -
Outside Dividend Income - -
Foreign Exchange Gain/(Loss) - -
Income/Loss From European Operations - -
Other Income/(Expense) - -
---------------- ------------------
Total Non-Operating Expenses - -
Income Before Income Taxes (200) (533)
Income Tax Expense - -
---------------- ------------------
Net Income (200) (533)
================ ==================
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs July
(Allocation of Corporate Costs to Filing Entities)
(000's)
July
----------
Officer Compensation $ 189
Salary Expense other Employees 968
Employee Benefits and Pension 108
Payroll Taxes 53
Other Taxes 3
Rent and Lease Expense 186
Interest Expense
Insurance 54
Automobile and Truck Expense 12
Utilities(Gas Electric,Phone) 41
Depreciation 93
Travel and Entertainment 78
Repairs and Maintenance 48
Advertising/Promotion 7
Supplies, Office Expense 17
Other:
Contributions 4
Professional Fees - Audit/Tax 350
Bank Fees 24
Public Reporting Fees 15
Employee Relocation/Training 41
Data Processing 23
Dues and Subscriptions 15
Outside Services 83
Project Development Costs net of Billings 114
Director Fees 25
Miscellaneous 2
Legal Fees 4
Cost Allocation - Europe (78)
Cost Allocation - Out (168)
----------
$ 2,309
==========
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 656
----------
Total $ 2,309
==========
Intermet Corp. and Subsidiaries
Balance Sheet as of 07-31-05
($000's)
CASE #04-67603
--------------
IRONTON
IRON
--------------
Cash And Equivalents
Accounts Receivable
Short-Term Intercompany Receivables
Inventories
Other Current Assets -
--------------
TOTAL CURRENT ASSETS -
Land and Buildings -
Machinery & Equipment
Construction In Progress
--------------
Total Fixed Assets -
Accumulated Depreciation
--------------
NET FIXED ASSETS -
Investment In Subsidiaries
Investment In European Operations -
Long-Term Intercompany Receivables
Deferred Taxes, Long-Term Asset -
Other Assets
--------------
TOTAL ASSETS $ -
==============
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ -
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 196
Short-Term Intercompany Payables -
Retirement Benefits -
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities -
Long-Term Intercompany Payables 33,271
Minority Interest -
--------------
TOTAL LIABILITIES 34,218
Common Stock -
Capital In Excess Of Par Value 49,000
Retained Earnings - Prepetition (82,685)
Retained Earnings - Post Petition (533)
Equity In European Operations
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
--------------
TOTAL SHAREHOLDER EQUITY (34,218)
--------------
TOTAL LIABILITIES AND EQUITY $ -
==============
PERIOD ENDED: 07-31-05 IRONTON IRON, INC. CASE #04-67603
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
6/30/2005 Withheld Deposits 07/31/2005
----------------------------------------------
Income tax withheld: Federal $0 $0 $0 $0
Income tax withheld: State $0 $0 $0 $0
Income tax withheld: Local $0 $0 $0 $0
FICA Withheld $0 $0 $0 $0
Employers FICA $0 $0 $0 $0
Unemployment Tax: Federal $0 $0 $0 $0
Unemployment Tax: State $0 $0 $0 $0
All Other Payroll W/H $0 $0 $0 $0
$0 $0 $0 $0
State Taxes: Inc./Sales/Use/Excise $0 $0 $0 $0
Property Taxes $0 $0 $0 $0
$0
Workers Compensation 0 0 0 0
----------------------------------------------
Total $0 $0 $0 $0
Wages and Salaries 0 0 0 0
----------------------------------------------
Grand Total $0 $0 $0 $0
==============================================
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $0 $0 $0
Accounts Receivable $0 $0 $0
MONTHLY CASH STATEMENT
Period Ending: JULY 31, 2005
IRONTON IRON, INC.
Case Number: 04-67603
CASH ACTIVITY ANALYSIS (CASH BASIS ONLY):
General Payroll Tax Cash Coll. Petty Cash
Acct. Acct. Acct. Acct. Acct.
A. Beginning Balance _________ _________ __________ ___________ ___________
B. Receipts _________ _________ __________ ___________ ___________
(Attach separate schedule)
C. Balance Available _________ _________ __________ ___________ ___________
(A+B)
D. Less Disbursements _________ _________ __________ ___________ ___________
(Attach separate schedule)
E. Ending Balance N/A - COMPANY HAS NO BANK ACCOUNT
(C-D)
(PLEASE ATTACH COPIES OF MOST RECENT RECONCILED BANK STATEMENTS FROM EACH
ACCOUNT)
General Account:
1. Depository Name & Location ________________________________
2. Account Number ________________________________
Payroll Account:
1. Depository Name & Location ________________________________
2. Account Number ________________________________
Tax Account:
1. Depository Name & Location ________________________________
2. Account Number ________________________________
Other monies on hand (specify type and location) i.e., CD's, bonds, etc.:
________________________________________________________________________________
________________________________________________________________________________
Date: AUGUST 22, 2005 __________________________________
Debtor in Possession
Form 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JULY 31, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: IRONTON IRON, INC. Capacity: ___ Shareholder
Case Number: 04-67603 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_________ _________
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _________ _________
Life Insurance _________ _________
Retirement _________ _________
Company Vehicle _________ _________
Entertainment _________ _________
Travel _________ _________
Other Benefits _________ _________
Total Benefits _________ _________
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _________ _________
Loans _________ _________
Other (Describe) _________ _________
Other (Describe) _________ _________
Other (Describe) _________ _________
Total Other Payments _________ _________
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_________ $0
Dated: AUGUST 22, 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
& 6/22/05-12/22/05
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 JULY 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67606
) Chapter 11
) Judge: Marci B. McIvor
LYNCHBURG FOUNDRY, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: AUGUST 22, 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 7-31-05
($000'S)
CASE #04-67606
LYNCHBURG
FOUNDRY
---------------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 5,313 78,713
Cost of Goods Sold
Materials and Freight 1,898 34,740
Wages - Hourly 1,136 12,491
Wages-Salary 347 3,306
Employee Benefits and Pension 647 8,458
Repairs & Maintenance 612 4,678
Supplies 551 5,842
Utilities 238 3,000
Purchased Components/Services 104 2,251
Income(loss) from Pattern Sales 1 (57)
Fixed Asset - (gain/loss) 2 (40)
MIS Expense 42 383
Travel & Entertainment 2 14
Other Variable Costs 246 3,855
Depreciation & Amortization 221 2,178
Other Allocated Fixed Costs - (2)
Other Fixed Costs 112 1,222
------------- ------------------
Cost of Goods Sold 6,159 82,319
Gross Profit (846) (3,606)
Plant SG&A Expense - -
SG&A Expense - Allocation (Sched 1) 193 1,888
Other Operating Expenses - 270
------------- ------------------
Total Operating Expenses 193 2,158
Operating Profit (1,039) (5,764)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (173) (827)
Charges (From) Affiliates - -
Charges To Affiliates - -
Gain/(Loss) On Sales Of Assets 3 3
Outside Dividend Income - -
Foreign Exchange Gain/(Loss) - -
Income/Loss From European Operations - -
Other Income/(Expense) 4 15
------------- ------------------
Total Non-Operating Expenses (166) (809)
Income Before Income Taxes (1,205) (6,573)
Income Tax Expense - -
------------- ------------------
Net Income (1,205) (6,573)
============= ==================
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs July
(Allocation of Corporate Costs to Filing Entities)
(000's)
July
----------
Officer Compensation $ 189
Salary Expense other Employees 968
Employee Benefits and Pension 108
Payroll Taxes 53
Other Taxes 3
Rent and Lease Expense 186
Interest Expense
Insurance 54
Automobile and Truck Expense 12
Utilities(Gas Electric,Phone) 41
Depreciation 93
Travel and Entertainment 78
Repairs and Maintenance 48
Advertising/Promotion 7
Supplies, Office Expense 17
OTHER:
Contributions 4
Professional Fees - Audit/Tax 350
Bank Fees 24
Public Reporting Fees 15
Employee Relocation/Training 41
Data Processing 23
Dues and Subscriptions 15
Outside Services 83
Project Development Costs net of Billings 114
Director Fees 25
Miscellaneous 2
Legal Fees 4
Cost Allocation - Europe (78)
Cost Allocation - Out (168)
----------
$ 2,309
==========
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 656
----------
Total $ 2,309
==========
Intermet Corp and Subsidiaries
Balance Sheet as of 07-31-05
($000's)
CASE #04-67606
LYNCHBURG
FOUNDRY
-----------------
Cash And Equivalents $ -
Accounts Receivable 13,330
Short-Term Intercompany Receivables 4
Inventories 5,219
Other Current Assets 368
----------------
TOTAL CURRENT ASSETS 18,921
Land and Buildings 19,915
Machinery & Equipment 53,800
Construction In Progress 202
----------------
Total Fixed Assets 73,917
Accumulated Depreciation (60,039)
----------------
NET FIXED ASSETS 13,878
Investment In Subsidiaries -
Investment In European Operations -
Long-Term Intercompany Receivables 683
Deferred Taxes, Long-Term Asset -
Other Assets 419
----------------
TOTAL ASSETS $ 33,901
================
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 1,114
Wages and Salaries (See schedule) 379
Taxes Payable - (See schedule) 337
----------------
TOTAL POST PETITION LIABILITIES 1,830
SECURED LIABILITIES:
SECURED DEBT -
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes -
Accrued Tax - State -
Accrued Property Taxes -
Accrued Workers Comp. 1,982
Accrued Payroll -
Accrued Payroll Taxes -
----------------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 1,982
UNSECURED LIABILITIES
Accounts Payable 7,740
Senior & IDR Bonds -
----------------
TOTAL UNSECURED LIABILITIES 7,740
OTHER LIABILITIES
Accrued Liabilities 1,988
Short-Term Intercompany Payables 2
Retirement Benefits 1,448
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities 2,291
Long-Term Intercompany Payables 4,782
Minority Interest -
----------------
TOTAL LIABILITIES 22,063
Common Stock -
Capital In Excess Of Par Value -
Retained Earnings - Prepetition 18,411
Retained Earnings - Post Petition (6,573)
Equity In European Operations -
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
----------------
TOTAL SHAREHOLDER EQUITY 11,838
----------------
Total Liabilities And Equity $ 33,901
================
PERIOD ENDED: 7-31-05 LYNCHBURG FOUNDRY (ARCHER CREEK) CASE #04-67606
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued/ Payments/ as of
06/30/05 Withheld Deposits 07/31/05
-------------- ----------- ---------- ---------
Income tax withheld: Federal $ 0 ($185,427) $ 185,427 $ 0
Income tax withheld: State 0 (71,863) 71,863 0
Income tax withheld: Local 0 0 0 0
FICA Withheld 0 (118,296) 118,296 0
Employers FICA (15,817) (122,762) 115,800 (22,779)
Unemployment Tax: Federal (3,605) (300) 0 (3,904)
Unemployment Tax: State (15,037) (2,683) 0 (17,720)
All Other Payroll W/H (35,893) (81,709) 87,007 (30,595)
State Taxes: Inc./Sales/Use/Excise (51,567) 0 1,218 (50,350)
Property Taxes (146,806) (25,262) 0 (172,068)
Workers Compensation 37,469 (31,750) 1,497 7,216
-------------- ----------- ---------- ---------
Total ($ 231,257) ($ 640,051) $ 581,107 ($ 290,201)
Wages and Salaries (292,230) (1,582,299) 1,496,029 (378,500)
-------------- ----------- ---------- ---------
Grand Total ($523,488) ($2,222,350) $2,077,136 ($ 668,701)
============== =========== ========== =========
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 $ 1,113,952 $ 1,113,952 $ 0 $ 0
Accounts Receivable $ 13,729,632 $13,075,076 $ 199,304 $ 455,252
PERIOD ENDED: 07-31-05 LYNCHBURG FOUNDRY (RADFORD) CASE #04-67606
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued/ Payments/ as of
6/30/2005 Withheld Deposits 7/31/2005
-------------- ---------- ---------- ---------
Income tax withheld: Federal $ 0 ($1,165) $ 1,165 $ 0
Income tax withheld: State 0 (514) 514 0
Income tax withheld: Local 0 0 0 0
FICA Withheld 0 (822) 822 0
Employers FICA 0 (822) 822 0
Unemployment Tax: Federal 0 0 0 0
Unemployment Tax: State 0 0 0 0
All Other Payroll W/H 0 (295) 295 0
State Taxes: Inc./Sales/Use/Excise 0 0 0 0
Property Taxes (46,578) 0 0 (46,578)
Workers Compensation 0 0 0 0
-------------- ---------- ---------- ---------
Total ($ 46,578) ($3,619) $ 3,619 ($ 46,578)
Wages and Salaries 0 0 0 0
-------------- ---------- ---------- ---------
rand Total ($ 46,578) ($3,619) $ 3,619 ($ 46,578)
============== ========== ========== =========
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 $ 0 $ 0 $ 0 $ 0
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS: MONTHLY CASH STATEMENT
MONTH ENDED 7/31/2005
CASE # 04-67606
ARCHER CREEK
----------------------------------------------------
ACCOUNT TYPE DEPOSIT AP PR (HOURLY) PR (SALARY)
ACCOUNT # 5401086466 2770716393 2770716385 2770716690
BANK Stan. Fed. Stan. Fed. Stan. Fed. Stan. Fed.
- ------------------------------------------------------------ ---------- ----------- ----------- -----------
BEGINNING BANK BALANCE - - - -
RECEIPTS 1,983,898 - 0 -
TRANSFERS IN (CORPORATE) - 1,546,767 1,350,208 326,059
DISBURSEMENTS - (1,546,767) (1,350,208) (326,059)
TRANSFERS OUT (CORPORATE) (1,983,898) - - -
---------- ----------- ----------- -----------
ENDING BANK BALANCE - - - -
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 2,678,156
CHECKS ISSUED 1,896,764
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 1,641,190
CORPORATE DEBIT MEMOS 48,912
-----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 6,265,023
===========
OUTSTANDING CHECKS AS OF JUNE 30 204,239
VOIDED CHECKS OUTSTANDING AS OF JUNE 30 (267)
CHECKS ISSUED DURING JULY 1,896,764
CHECKS CLEARED DURING JULY (1,546,767)
-----------
OUTSTANDING CHECKS AS OF JULY 31 (SEE OUTSTANDING CHECKLIST) $ 553,969
===========
LYNCHBURG FOUNDRY, INC. (ARCHER CREEK) CASE NO. 04-67606
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
- -------------------------------------------- -------------------
AC CONTROLS CO $ 1,351.52
ACE INSURANCE 12,642.71
ACTION MACHINERY 73,402.68
ADAMS MOTOR CO 27.00
ADVANCE MACHINE & ENG CO. 553.30
ADVANCED CARBIDE TOOL 14,202.45
ADVANCED COMMUNICATIONS & ELEC 108.88
AETNA U.S. HEALTHCARE 14,965.78
AG JEFFERSON 2,669.00
AGFA NDT, INC 545.77
AIR PRODUCTS AND CHEMICALS 5,929.03
AIRGAS MID-AMERICA 2,861.01
ALABAMA BY-PRODUCTS 366,569.00
ALLIED MINERAL PRODUCTS 39,788.88
ALLIED WASTE SERVICES #974 14,372.95
ALLOR MFG 4,949.70
ALLTEL 291.13
ALPHA OMEGA RESOURCES 2,905.30
AMERICAN COMPUTER SUPPLIES, INC 58.92
AMERIGAS - LYNCHBURG-MONROE 6,523.20
APPALACHIAN POWER CO 189,476.91
APPARATUS REPAIR SERVICES 1,700.00
APPLIED IND. TECHNOLOGIES 21,384.49
APPOMATTOX GLASS & STOREFRONT 150.00
ARAMARK UNIFORM SERVICES 5,429.52
ARCET EQUIPMENT 2,930.15
ARCHER CREEK PAYROLL (INCLUDES DISB BY CORP) 1,641,189.92
AT&T 97.32
AT&T 562.59
ATLANTIC COAST TOYOTALIFT 13,132.96
ATL-EAST TAG & LABEL 863.64
ATMOSPHERE ANNEALING 2,040.39
AUTOCOM MANUFACTURING 96,726.00
BANKS COMPANY 6,287.70
BARKER-JENNINGS 6,488.50
BFI 11,755.15
BHA 27,336.00
BMG METALS 4,657.52
BOND, CYNTHIA GALLIER 461.90
BOULEVARD PROPERTIES 821.25
BOXLEY AGGREGATES 2,118.20
BRAMMER SAFETY SUPPLY 16,363.80
BRC COMPANY 38,586.28
BRENNTAG SOUTHEAST 648.69
C ARTHUR WEAVER 571.10
C H WHITE CONSTRUCTION 480.00
CAMPBELL COUNTY CIRCUIT COURT 163.32
CAMPBELL COUNTY TREASURER 6,481.30
CAMPBELL-PAYNE 607.92
CANDLER OIL 34,406.59
CAPP, INC. 1,344.95
CARCO INC 320.00
CARLTON SCALE 9,011.86
CARPENTER TIRE CO 294.14
CARRIER VIBRATING 12,725.74
CARTER MACHINERY 552.76
CC METALS & ALLOYS 109,605.00
CENTRAL VA INDUSTRIES 1,120.63
CHAMPION CHISEL WORKS 2,596.30
CHICAGO FREIGHT CAR LEASING 5,425.22
CITY OF LYNCHBURG 300.23
CLEMONS COURIER 265.00
COLUMBIA GAS 4,360.21
COMMERICAL STEEL ERECTION 18,172.50
CONSUMERS/ DORIN-ADAMS 43,130.00
CONTROL CHIEF CORP 223.57
CONTROL CORP OF AMERICA 106.27
CONTROL DYNAMICS 177.99
CON-WAY SOUTHERN EXPRESS 535.56
CRAIG J. PETRY, MD 120.00
CRANE AMERICA SERVICES 4,417.75
CROSS SALES & ENGINEERING 88.24
LYNCHBURG FOUNDRY, INC. (ARCHER CREEK) CASE NO. 04-67606
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
- -------------------------------------------- -------------------
CSXT 31,662.17
DAVIS, DOUGLAS, JR 497.85
DETEK 795.00
DICK HARRIS & SON TRUCK 5,064.92
DIETERT FOUNDRY TEST EQUIPMENT 205.00
DIKE-O-SEAL 1,226.62
DM&E RAILROAD 54,903.08
DODSON BROS. EXTERMINATING 177.00
DOMINION METALLURGICAL 2,425.29
DOUGLAS, CAREY P. 99.00
DURA-BAR METAL SERVICES 2,962.50
ECK SUPPLY 7,152.40
ECONOMY ENERGY, LLC 72,900.00
EDWARDS MEDICAL SUPPLY 461.43
ELECOM INC 1,130.89
ELECTRIC MELTING 47,550.00
ELECTRONICS REPAIR CENTER 732.00
ELKEM METALS 89,281.00
ELY CRANE AND HOIST 47,407.23
EMLEX CONSTRUCTION 162,627.60
ENGINEERING CHEMISTRY 1,370.25
ENTERPRISE 590.80
EQUIPMENT MERCHANTS, INTL 2,085.12
EXCEL TECHNOLOGIES 181.00
FAMILY SUPPORT REGISTRY 731.40
FARM SERVICE CO. 245.85
FEDERAL RESERVE 500.00
FEI LYNCHBURG #75 131.95
FERBEE-JOHNSON CO 9,904.05
FIELDS, BRIAN 580.00
FIRE & SAFETY EQUIPMENT 5,246.43
FMC TECHNOLOGIES 913.26
FOLKS, MELANIE 30.00
FOSTER ELECTRIC CO 1,355.52
FREEMAN MFG & SUPPLY 199.38
G E SUPPLY 1,958.36
G.E. CAPITAL 7,228.00
GEE, KIRKLIN 338.64
GENERAL KINEMATICS 4,587.79
GIVENS, RICHARD 30.00
GLOBE METALLURGICAL 146,084.00
GLOVER, R. T. 504.00
GLOVER, S. A. 528.00
HA INTERNATIONAL 40,847.00
HACH CHEMICAL COMPANY 57.00
HAJOCA CORPORATION 117.43
HALIFAX CIRCUIT COURT 941.57
HALIFAX GENERAL DISTRICT COURT 163.33
HARBISON-WALKER REFRACTORIES 8,664.48
HARVEY, WALTER O. 72.17
HAUCK MFG 628.86
HAWKINS-GRAVES, INC 79.78
HELEN P. PARRISH 207.00
HELWIG CARBON, INC 130.44
HERAEUS ELECTRO-NITE CO 17,121.60
HERBERT L. BESKIN 16,012.51
HERB'S TOOL GRINDING & SALES 322.86
HILL AND GRIFFITH 39,014.19
HUBBARD-HALL INCORPORATED 588.50
HUBBELL INDUSTRIAL CONTROLS 3,866.37
HWP RIGGING 35,000.00
I.A.M. NATIONAL PENSION FUND 1,714.75
INDUSTRIAL CONTROLS 1,224.52
INDUSTRIAL SUPPLY CORP 30,061.04
INGERSOLL-RAND CO 1,478.62
INTERNATIONAL ASSOC 360.00
IRON AGE CORPORATION 2,052.71
J.B. MOORE ELECTRICAL CONTRACTORS 682.50
J.P. NISSEN CO 105.35
J.W. DIESEL SERVICE, INC. 266.79
JACKSON WANDA K 496.15
JAMES D. ENGLISH 25,070.72
JAMES T. DAVIS 100.00
LYNCHBURG FOUNDRY, INC. (ARCHER CREEK) CASE NO. 04-67606
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
- -------------------------------------------- -------------------
JDN LEASING 3,500.00
JEFFERSON GALLERIES 1,782.21
JESUS BARAJAS CARLOS 9,150.74
JOHNSON DIVERSE/DUBOIS 6,451.09
JOHNSON, BARBARA 93.45
JOHNSTON, INC 300.00
KATHRYN'S FLOWER SHOP 59.85
KENT RUDBECK 480.00
KETCHERSID, ARTHUR 100.00
KING TESTER CORP 96.91
LAWRENCE EQUIPMENT 951.18
LEE, JAMES 100.00
LEWIS SYSTEMS INC. 2,108.25
LIFTONE 250.92
LINA 216.50
LINTERN CORP 126.39
LIVINGSTON AND HAVEN 316.93
LOWE'S HOME CENTERS, INC 158.00
LYNCHBURG JDR DISTRICT COURT 309.63
LYNCHBURG REGIONAL CHAMBER OF COMMERCE 589.50
MAGALDI INDUSTRIE SRL 1,690.00
MAGNETEK INDUSTRIAL CONTROLS 669.22
MASTER GAGE & TOOL CO 900.00
MAYBERRY, SUSIE 309.69
MCBRIDE BLACKBURN OPTICIANS 147.00
MCMASTER-CARR SUPPLY 123.89
MECHANICAL TECHNOLOGIES 372.38
MELLOT ENTERPRISES 30.83
METAL MARKER MFG 2,792.74
METSO MINERALS IND 3,672.20
MILLENIUM TECNOLOGIES 2,500.00
MILLER, GLENN 127.16
MITCHELL, SEAN 156.46
MOORE'S MACHINE CO 2,765.75
MOTION INDUSTRIES 2,476.26
NATIONAL AUTO PARTS 44.57
NATIONAL MATERIAL TRADING 406,410.00
NEWARK INONE 35.65
NORFOLK SOUTHERN CORPORATION 150.00
NORTH AMERICAN MFG CO 596.00
OMNISOURCE FT WAYNE 1,285,738.00
O-N MINERALS JAMES RIVER OPERATIONS 8,000.00
PIEDMONT FOUNDRY SUPPLY 74,544.50
PITNEY BOWES CREDIT CORP 1,737.99
PITNEY BOWES PURCHASE POWER 516.99
PORTER WARNER IND 41,211.00
POTOMAC ENVIRONMENTAL 13,011.36
PRECISION HYDRAULICS CO 2,380.12
PRO CHEM INCORPORATED 380.00
PROCHEM ANALYTICAL 235.00
PROFORMA 1,472.26
PROVIDENT LIFE 81.46
PROVIDENT LIFE & ACCIDENT 2,354.46
QSI, INC 1,890.30
LYNCHBURG FOUNDRY, INC. (ARCHER CREEK) CASE NO. 04-67606
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
- -------------------------------------------- -------------------
R.I. LAMPUS 116,311.84
REBECCA B. CONNELLY 1,200.00
RED HILL GRINDING WHEEL 2,220.00
REI CONSULTANTS 659.90
REXEL 856.93
RICHMOND SECURITY SERVICES 10,340.11
RIVER RIDGE SUPPLY CO 38.86
RSC 5,730.15
SAFETY-KLEEN 396.00
SAF-GARD SAFETY SHOE 1,449.85
SALEM TOOLS 1,207.28
SAM'S CLUB 210.00
SCHAEFER BRUSH MFG 892.53
SERVICE FIRST 4,887.98
SERVICE PRINTING 386.00
SHANAFELT MFG 5,677.00
SMITH SERVICES 9,684.00
SORRELLS, JERRY 94.50
SOUTHERN AIR 2,023.75
SOUTHERN GRAPHICS & SUPPLY 125.00
SOUTHERN MAINTENANCE SUPPLY 3,162.01
SPECIAL K LANDSCAPING 5,625.00
SPECIALTY FOUNDRY PRODUCTS 16,663.15
SPRAYING SYSTEMS 755.16
STAHL, INC 655.37
STAHURA COMPANY 6,000.00
STERICYCLE INC 355.84
SUPERIOR GRAPHITE 12,504.00
T. H. COMMUNICATIONS 540.00
TEMPLETON'S MKT 1,149.17
TENNANT COMPANY 174.30
TEST EQUIPMENT DIST LLC 1,433.43
THE MASA CORP 8,284.30
THERMAL TECHNOLOGIES 2,625.00
THERMO ELECTRON SCIENTIFIC 996.39
THOMPSON TRUCKING 47,451.73
TICE - ANDERSON, PATSY 184.32
TIME TECHNOLOGIES 81.12
TINIUS OLSEN TESTING MACH INC. 1,550.00
TORRENCE PLUMBING 2,617.50
TRANSMAN 46,299.00
TREASURER OF VA 20,676.81
TRUCK BODY CORPORATION 34.17
TUSCOLA SAGINAW BAY RAILWAY 41,382.00
U S ELECTRICAL TOOL 1,157.00
UNITED HYDRAULICS INC 30,976.06
UNITED WAY OF CENTRAL VA 4,263.08
VA CAROLINA BELTING 8,175.08
VA DEPT OF TAX 1,554.10
VA FLUID POWER 721.00
VALLEY FASTENERS 4,751.45
VBS 1,924.56
VERIZON 2,500.00
VIRGINIA CAROLINA CONTROLS 784.20
VIRGINIA GEOTECHNICAL SERVICES 581.83
WALKER NATIONAL, INC 850.00
WENDT DUNNINGTON 837.46
WEXFORD SAND COMPANY 7,900.00
WHEELABRATOR 16,261.75
WHEELABRATOR ABRASIVES 29,732.00
WHITING CORPORATION 42.46
WIGGINGTON RD FAMILY PRACTICE 966.00
WILEY & WILSON 2,709.99
WILLIAMS, CLARENCE 6,190.80
WILLIAMSON & WILMER 43.70
WOOLDRIDGE HEATING & AIR 550.00
WYNDHURST FAMILY MEDICINE 120.00
XEROX CORPORATION 4,433.47
XPEDX 9,176.16
--------------------
$ 6,265,022.65
LYNCHBURG FOUNDRY
CASE NO. 04-67606
AT 7/31/05
ARCHER CREEK - BANK RECONCILIATION
Bank Balance $ -
Outstanding AP Checks 553,969.41
Outstanding PR Checks 155,804.00
Misc Reconciling Items Adjusted in August. (3,239.70)
-------------------
706,533.71
Unadjusted GL Balance 706,533.71
-------------------
Difference $ -
===================
ARCHER CREEK
OUTSTANDING CHECKS
CASE NO. 04-67606
DATE CHECK OUTSTANDING DATE CHECK OUTSTANDING DATE CHECK OUTSTANDING
- ---------- ----- ----------- --------- ----- ----------- --------- ----- -----------
10/8/2004 15418 $ 28.35 7/26/2005 21582 485.52 7/29/2005 21660 1,089.38
10/8/2004 15419 85.61 7/26/2005 21583 169.15 7/29/2005 21661 279.00
10/8/2004 15421 28.35 7/26/2005 21584 10.00 7/29/2005 21662 4,797.19
10/11/2004 15430 52.67 7/26/2005 21585 24.25 7/29/2005 21663 275.00
10/14/2004 15447 42.76 7/26/2005 21586 1,912.00 7/29/2005 21664 1,712.06
10/15/2004 15452 296.64 7/26/2005 21587 602.55 7/29/2005 21665 524.40
10/22/2004 15555 48.50 7/26/2005 21589 4,000.00 7/29/2005 21666 1,925.10
4/12/2005 19012 3,239.70 7/27/2005 21590 122.94 7/29/2005 21667 111.74
5/6/2005 19591 6,020.00 7/27/2005 21591 22,638.00 7/29/2005 21668 92.38
5/6/2005 19619 442.36 7/28/2005 21593 1,220.53 7/29/2005 21669 146.28
6/30/2005 20998 19,450.00 7/28/2005 21594 884.06 7/29/2005 21670 207.00
6/30/2005 21010 42.35 7/28/2005 21595 1,660.00 7/29/2005 21671 6,784.56
6/30/2005 21011 478.00 7/28/2005 21596 125.00 7/29/2005 21672 99.23
6/30/2005 21012 206.20 7/28/2005 21597 2,676.00 7/29/2005 21673 10,104.73
6/30/2005 21013 1,912.00 7/29/2005 21603 1,246.70 7/29/2005 21674 59.85
7/5/2005 21092 860.16 7/29/2005 21604 3,568.45 7/29/2005 21675 216.50
7/8/2005 21234 613.75 7/29/2005 21605 3,056.41 7/29/2005 21676 127.16
7/13/2005 21276 51.52 7/29/2005 21606 1,021.98 7/29/2005 21677 516.99
7/14/2005 21361 1,417.05 7/29/2005 21607 16,138.05 7/29/2005 21678 2,354.46
7/14/2005 21364 174.30 7/29/2005 21609 9,326.95 7/29/2005 21679 450.00
7/19/2005 21385 480.00 7/29/2005 21610 9.84 7/29/2005 21680 94.50
7/19/2005 21402 30.00 7/29/2005 21611 419.96 7/29/2005 21681 3,850.14
7/19/2005 21428 2,500.00 7/29/2005 21612 123.83 7/29/2005 21682 50.00
7/19/2005 21429 1,025.88 7/29/2005 21613 960.15 7/29/2005 21683 2,830.08
7/19/2005 21430 195.30 7/29/2005 21614 197.12 7/29/2005 21684 21,240.00
7/19/2005 21431 600.00 7/29/2005 21615 1,059.50 7/29/2005 21685 250.00
7/19/2005 21433 12.00 7/29/2005 21616 571.10 7/29/2005 21686 150.00
7/21/2005 21445 309.08 7/29/2005 21617 35.32 7/29/2005 21688 150.00
7/22/2005 21446 2,028.77 7/29/2005 21618 3,968.45 7/29/2005 21689 190.26
7/22/2005 21452 2,620.20 7/29/2005 21619 1,990.50 7/29/2005 21690 11.50
7/22/2005 21455 14,372.95 7/29/2005 21621 17,400.00 7/29/2005 21691 734.85
7/22/2005 21484 266.79 7/29/2005 21622 595.18 7/29/2005 21692 588.58
7/22/2005 21486 2,108.25 7/29/2005 21623 177.00 7/29/2005 21693 15.50
7/22/2005 21494 38.86 7/29/2005 21624 727.85 7/29/2005 21694 884.06
7/22/2005 21510 4,360.21 7/29/2005 21625 3,057.89 7/29/2005 21695 72.91
7/22/2005 21511 120.00 7/29/2005 21626 501.64 7/29/2005 21696 15.33
7/22/2005 21514 100.00 7/29/2005 21627 2,196.80 7/29/2005 21697 205.00
7/22/2005 21523 110.45 7/29/2005 21628 5,734.90 7/29/2005 21698 303.50
7/22/2005 21524 18.50 7/29/2005 21629 350.42 7/29/2005 21699 1,110.90
7/26/2005 21535 410.68 7/29/2005 21630 1,336.15 7/29/2005 21700 7,260.60
7/26/2005 21545 121,145.00 7/29/2005 21631 100.85 7/29/2005 21701 155.00
7/26/2005 21551 370.07 7/29/2005 21632 105.35 7/29/2005 21702 26.00
7/26/2005 21552 71.29 7/29/2005 21633 3,500.00 7/29/2005 21703 79.72
7/26/2005 21553 417.45 7/29/2005 21634 769.80 7/29/2005 21704 588.50
7/26/2005 21555 589.00 7/29/2005 21635 1,977.50 7/29/2005 21705 604.80
7/26/2005 21556 679.66 7/29/2005 21636 78.18 7/29/2005 21706 14.97
7/26/2005 21557 682.50 7/29/2005 21637 78.28 7/29/2005 21707 3,217.50
7/26/2005 21558 15,314.48 7/29/2005 21638 46.24 7/29/2005 21708 16.09
7/26/2005 21559 696.00 7/29/2005 21639 869.69 7/29/2005 21709 7,938.00
7/26/2005 21560 9,447.39 7/29/2005 21640 1,463.25 7/29/2005 21710 7,938.00
7/26/2005 21561 16.45 7/29/2005 21641 6,468.96 7/29/2005 21711 878.83
7/26/2005 21562 759.76 7/29/2005 21642 380.00 7/29/2005 21712 10.00
7/26/2005 21563 2,174.40 7/29/2005 21643 328.56 7/29/2005 21713 850.00
7/26/2005 21566 320.00 7/29/2005 21644 96.89 7/29/2005 21714 1,779.53
7/26/2005 21567 275.30 7/29/2005 21645 16,002.56 7/29/2005 21715 186.75
7/26/2005 21568 222.00 7/29/2005 21646 274.90 7/29/2005 21716 27,438.13
7/26/2005 21569 638.17 7/29/2005 21647 1,417.10 7/29/2005 21717 134.53
7/26/2005 21570 1,385.00 7/29/2005 21648 784.92 7/29/2005 21719 20,580.00
7/26/2005 21571 595.00 7/29/2005 21649 4,560.18 7/29/2005 21720 60.20
7/26/2005 21572 63.99 7/29/2005 21650 3,520.00
7/26/2005 21573 5.50 7/29/2005 21651 655.37 $553,969.41
7/26/2005 21574 3,381.84 7/29/2005 21652 6,000.00
7/26/2005 21575 2,610.00 7/29/2005 21653 600.43
7/26/2005 21576 16.58 7/29/2005 21654 2,308.85
7/26/2005 21577 160.00 7/29/2005 21655 1,550.00
7/26/2005 21578 33.33 7/29/2005 21656 2,617.50
7/26/2005 21579 596.00 7/29/2005 21657 5,712.71
7/26/2005 21580 1,150.00 7/29/2005 21658 3,026.58
7/26/2005 21581 260.00 7/29/2005 21659 721.00
Intermet Corporation and Subsidiaries
Cash Activity Analysis: MONTHLY CASH STATEMENT
Month Ended 7/31/2005
CASE NO. 04-67606
LYNCHBURG FOUNDRIES - (RADFORD FOUNDRY)
---------------------------------------
TOTAL DISBURSEMENTS (CORPORATE DEBIT MEMOS) $ 7,021
Radford's payroll is consolidated with the Corporate payroll due to
immateriality.
Radford's disbursements are paid and allocated by Corporate.
Radford had no active bank accounts during the current month.
RADFORD FOUNDRY CASE NO. 04-67606
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
- --------------------- -------------------
AETNA $ 103.58
CITY OF RADFORD 6,939.78
LINA (FORMERLY CIGNA) (72.00)
PROVIDENT LIFE 49.59
-------------------
$ 7,020.95
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JULY 31, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: LYNCHBURG FOUNDRY, INC. Capacity: ___ Shareholder
Case Number: 04-67606 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED AT INTERMET
CORPORATION. PLEASE SEE INTERMET CORPORATION (CASE #04-67597) FOR ALL INSIDER
COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $ 0
Dated: AUGUST 22, 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
& 6/22/05-12/22/05
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 JULY 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67608
) Chapter 11
) Judge: Marci B. McIvor
NORTHERN CASTINGS CORP. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting
of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and, (if not, attach written
explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current. (If
not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization. (If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns. (If not, attach a written
explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: AUGUST 22, 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 7-31-05
($000's)
CASE #04-67608
NORTHERN
CASTINGS
------------------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 1,380 15,891
Cost of Goods Sold
Materials and Freight (19) 3,454
Wages - Hourly 317 2,428
Wages-Salary 89 837
Employee Benefits and Pension 107 1,134
Repairs & Maintenance 131 874
Supplies 129 993
Utilities 136 1,445
Purchased Components/Services 101 803
Income(loss) from Pattern Sales (8) (188)
Fixed Asset - (gain/loss) - -
MIS Expense 13 120
Travel & Entertainment 3 24
Other Variable Costs 83 498
Depreciation & Amortization 38 410
Other Allocated Fixed Costs - -
Other Fixed Costs 16 241
----- ------
Cost of Goods Sold 1,136 13,073
Gross Profit 244 2,818
Plant SG&A Expense - (2)
SG&A Expense - Allocation (Sched 1) 51 496
Other Operating Expenses - -
----- ------
Total Operating Expenses 51 494
Operating Profit 193 2,324
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (36) (175)
Charges (From) Affiliates - -
Charges To Affiliates - -
Gain/(Loss) On Sales Of Assets - -
Outside Dividend Income - -
Foreign Exchange Gain/(Loss) - -
Income/Loss From European Operations - -
Other Income/(Expense) - -
----- ------
Total Non-Operating Expenses (36) (175)
Income Before Income Taxes 157 2,149
Income Tax Expense - 4
----- ------
Net Income 157 2,145
===== ======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs July
(Allocation of Corporate Costs to Filing Entities)
(000's)
July
------
Officer Compensation $ 189
Salary Expense other Employees 968
Employee Benefits and Pension 108
Payroll Taxes 53
Other Taxes 3
Rent and Lease Expense 186
Interest Expense
Insurance 54
Automobile and Truck Expense 12
Utilities(Gas Electric,Phone) 41
Depreciation 93
Travel and Entertainment 78
Repairs and Maintenance 48
Advertising/Promotion 7
Supplies, Office Expense 17
OTHER:
Contributions 4
Professional Fees - Audit/Tax 350
Bank Fees 24
Public Reporting Fees 15
Employee Relocation/Training 41
Data Processing 23
Dues and Subscriptions 15
Outside Services 83
Project Development Costs net of Billings 114
Director Fees 25
Miscellaneous 2
Legal Fees 4
Cost Allocation - Europe (78)
Cost Allocation - Out (168)
------
$2,309
======
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 656
------
Total $2,309
======
Intermet Corp and Subsidiaries
Balance Sheet as of 07-31-05
($000's)
CASE #04-67608
--------------
NORTHERN
CASTINGS
--------------
Cash And Equivalents $ -
Accounts Receivable 2,902
Short-Term Intercompany Receivables -
Inventories 1,536
Other Current Assets 4
--------
TOTAL CURRENT ASSETS 4,442
Land and Buildings 2,266
Machinery & Equipment 9,566
Construction In Progress 1,859
--------
Total Fixed Assets 13,691
Accumulated Depreciation (10,134)
--------
NET FIXED ASSETS 3,557
Investment In Subsidiaries -
Investment In European Operations -
Long-Term Intercompany Receivables 10,258
Deferred Taxes, Long-Term Asset -
Other Assets 115
--------
TOTAL ASSETS $ 18,372
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 1,027
Wages and Salaries (See schedule) 65
Taxes Payable - (See schedule) 160
--------
TOTAL POST PETITION LIABILITIES 1,252
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 315
Short-Term Intercompany Payables 1
Retirement Benefits -
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities -
Long-Term Intercompany Payables -
Minority Interest -
--------
TOTAL LIABILITIES 3,307
Common Stock -
Capital In Excess Of Par Value 1,800
Retained Earnings - Prepetition 11,120
Retained Earnings - Post Petition 2,145
Equity In European Operations
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
--------
TOTAL SHAREHOLDER EQUITY 15,065
--------
TOTAL LIABILITIES AND EQUITY $ 18,372
========
PERIOD ENDED: 07-31-05 NORTHERN CASTINGS CORP. CASE #04-67608
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued/ Payments/ as of
6/30/05 Withheld Deposits 7/31/05
-------- -------- -------- --------
Income tax withheld: Federal ($ 2,742) ($ 47,646) $ 43,155 ($ 7,232)
Income tax withheld: State (1,363) (20,477) 18,687 (3,153)
Income tax withheld: Local 0 0 0 0
FICA Withheld (3,063) (34,895) 32,523 (5,435)
Employers FICA (2,769) (31,832) 29,460 (5,141)
Unemployment Tax: Federal (10,230) (4,973) 16,032 829
Unemployment Tax: State 0 0 0 0
All Other Payroll W/H 0 0 0 0
State Taxes: Inc./Sales/Use/Excise (2,286) (25,217) 2,285 (25,218)
Property Taxes (9,556) (2,000) 0 (11,556)
Workers Compensation (99,626) (15,000) 11,790 (102,836)
--------- --------- -------- ---------
Total ($131,634) ($182,041) $153,932 ($159,742)
Wages and Salaries (108,789) (746,160) 790,189 (64,759)
--------- --------- -------- ---------
Grand Total ($240,423) ($928,201) $944,121 ($224,502)
========= ========= ======== =========
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 $1,027,434 $1,027,434 $ 0 $ 0
Accounts Receivable $2,987,822 $2,742,229 $212,593 $33,000
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 7/31/2005
MONTHLY CASH STATEMENT
CASE # 04-67608
NORTHERN CASTINGS (HIBBING)
---------------------------------------------------
ACCOUNT TYPE DEPOSIT AP PR (HOURLY) PR (SALARY)
ACCOUNT # 5401086458 2770716435 2770716427 2.771E+09
BANK Stan. Fed. Stan. Fed. Stan. Fed. Stan. Fed.
BEGINNING BANK BALANCE - - - -
RECEIPTS 1,284,050 - - -
TRANSFERS IN (CORPORATE) - 722,273 382,151 73,173
DISBURSEMENTS - (722,273) (382,151) (73,173)
TRANSFERS OUT (CORPORATE) (1,284,050) - - -
---------- ----------- -------- -------
ENDING BANK BALANCE - - - -
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 521,827
CHECKS ISSUED 911,090
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 422,343
CORPORATE DEBIT MEMOS 55,293
-----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 1,910,553
===========
OUTSTANDING CHECKS AS OF JUNE 30 183,885
VOIDED CHECKS OUTSTANDING AS OF JUNE 30 -
Checks Issued During July 911,090
CHECKS CLEARED DURING JULY (719,988) Dept of Revenue EFT of $ 2,285 excluded.
-----------
OUTSTANDING CHECKS AS OF JULY 31 (SEE OUTSTANDING CHECKLIST) $ 374,987
===========
NORTHERN CASTINGS CORPORATION CASE NO. 04-67608
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
3 RIVERS TRUCKING $ 16,782.91
ABB 8,020.00
ACE INSURANCE 3,434.74
ADVANCED TECHNOLIGIES 122.00
AETNA U.S. HEALTHCARE 1,402.67
AIR HYDRAULICS SYSTEMS 139.68
AIR HYDRAULICS SYSTEMS 429.63
AIR POWER EQUIPMENT 196.05
AIRGAS - NORTH CENTRAL 2,093.29
AIRGAS - NORTH CENTRAL 4,729.33
ALTER TRADING 46,187.05
AMERICAN COLLOID CO 17,030.37
AMERICAN COLLOID CO 18,450.33
AMERIPRIDE LINEN 731.10
AMERIPRIDE LINEN 742.92
ANALYTICAL PROCESS LAB 75.00
ANDERSON-CRANE 31.47
ANDERSON-CRANE 707.20
B & R ENGINEERING 207.00
B & R ENGINEERING 1,221.00
BALDWIN SUPPLY 1,529.67
BALDWIN SUPPLY 3,289.99
BDI - BEARING 689.09
BECKSTROM, BRUCE 93.57
BECKSTROM, BRUCE 254.97
BEE LINE AUTO CENTER 492.39
BEHR IRON 220,444.74
BEHR SPECIALTY 10,140.00
BOB SCOFIELD TRUCKING 3,685.00
BOB SCOFIELD TRUCKING 3,992.10
BOB SCOFIELD TRUCKING 7,978.56
BOOTH, RICHARD 604.81
BRUCE R SMITH 2,184.00
CARQUEST AUTO PARTS 29.93
CARQUEST AUTO PARTS 236.55
CAST CORPORATION 6,870.00
CAST CORPORATION 20,412.00
CCX 1,085.02
CENTRAL TRANSPORT 147.86
CLEMENT COMMUNICATIONS 324.58
CONWAY CENTRAL -
DAVID STAHL 151.59
DIDION INTERNATIONAL 1,591.20
DIDION INTERNATIONAL 20,162.42
DISA 4,262.40
DISA 5,574.50
DIXIE INDUSTRIAL FINISHING 1,801.08
DOMINOS PIZZA 570.00
DORSEY & WHITNEY 1,024.64
DULUTH CLINIC 560.00
E.E.P. GROUP 4,860.00
EESCO 851.83
ELKEM 97,736.38
NORTHERN CASTINGS CORPORATION CASE NO. 04-67608
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
EMSCO 1,705.00
ENTERPRISE 766.34
ERICKSON LUMBER 376.18
EXPRESS PRINT 69.23
FASTENAL CO 1,125.71
FERRELLGAS 607.50
FISHER, JESSE 511.92
FULL CIRCLE IMAGE 40.77
G A P ENGINEERING 5,150.50
GEARY'S GROCERY 21.80
GEARY'S GROCERY 32.70
GEARY'S GROCERY 38.15
GEARY'S GROCERY 38.15
GEARY'S GROCERY 38.15
GEARY'S GROCERY 43.60
GIL-MAR -
GIL-MAR -
GIL-MAR 4,912.50
GIL-MAR 11,940.00
GMP LOCAL 21B 1,301.00
HI TEMP CORP 5,442.91
HI TEMP CORP 6,486.35
HI TEMP CORP 6,808.75
HIBBING COMMUNITY COLLEGE 3,440.00
HIBBING PAYROLL (INCLUDES AMOUNTS DISBURSED BY CORP) 422,342.93
HIBBING SALVAGE 900.51
HWP RIGGING 50,000.00
HYTEST SAFETY FOOTWEAR 219.86
HYTEST SAFETY FOOTWEAR 387.57
I.R.B. INC. 682.50
I.R.B. INC. 1,774.50
INDUCTOTHERM 4,290.12
IRS 50.00
IRS 50.00
IRS 50.00
IRS 50.00
J. N. JOHNSON 399.89
JASON JUKICH 50.00
JASON PIERSON 82.00
JOHNSON FLORAL 36.45
KEN'S A-1 AUTO 419.20
KIRSCHER TRANSPORT 3,232.50
L & L RENTALS 660.23
L & P GAS SOULUTIONS 1,665.00
LABQUIP CORPORATION 361.94
LARPEN METALLURGICAL 9,387.00
LARPEN METALLURGICAL 21,676.50
LECO CORPORATION 1,138.91
LEKATZ, MIKE 562.50
LERCH BORTHERS INC 100.00
LIN ROE SERVICES 1,500.00
LINA 8.00
LUCARELLI, MARK 83.07
LUCARELLI, MARK 954.25
NORTHERN CASTINGS CORPORATION CASE NO. 04-67608
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
MARK LUCARELLI 500.00
MARK LUCARELLI 1,600.00
MCMASTER CARR 802.13
MESABI OFFICE EQUIPMENT 1,302.50
METOKOTE CORPORATION 1,697.48
METOKOTE CORPORATION 1,868.00
METOKOTE CORPORATION 2,758.42
MIDTOWN MACHINE & MECHANICAL 643.26
MIDWAY PACKAGING 1,880.25
MIDWEST COMPUTER DEPOT 170.00
MIDWEST COMPUTER DEPOT 1,797.88
MIELKE ELECTRIC WORKS 563.39
MILLER & CO 19,502.00
MINNESOTA CHILD SUPPORT 773.00
MINNESOTA INDUSTRIES 1,209.54
MINNESOTA INDUSTRIES 3,314.58
MINNESOTA POWER 133,125.59
MINNESOTA SAFETY COUNCIL 585.00
MINNESOTA SUPPLY -
MINNESOTA SUPPLY 9,303.18
MINN-TECH ELECTRONICS 1,220.15
MINN-TECH ELECTRONICS 1,638.40
MN CHILD SUPPORT 2,384.12
MN CHILD SUPPORT 2,732.78
MN CHILD SUPPORT 2,759.55
MN DEPT OF REV 26.22
MN DEPT OF REV 34.03
MN DEPT OF REV 45.22
MN DEPT OF REV 51.60
MN SOCIETY OF CPA'S 257.00
MODAL SHOP 6,100.00
MORRIS MATERIAL HANDLING 329.69
MORRIS MATERIAL HANDLING 688.94
NATIONAL METAL 18,540.00
NEW CASTLE E-COATING PLUS 4,334.11
NORTH STAR IMAGING 2,234.41
NORTH STAR IMAGING 2,286.54
NORTHERN CASTINGS CORPORATION CASE NO. 04-67608
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
NORTHERN TECHNOLOGIES 166.00
NORTHERN TECHNOLOGIES 332.00
NORTHERN TECHNOLOGIES 396.84
NORTHERN TECHNOLOGIES 793.69
NORTHLAND CONSULTING 2,180.00
OCCUPATIONAL DEV. CENTER 1,462.50
OCCUPATIONAL DEV. CENTER 1,821.00
OFFICE NORTH 231.17
OFFICE NORTH 1,494.12
OLD HOWARD 65.73
OMNISOURCE 87,155.48
PRECISION REPAIR & CALIBRATION 840.00
PROFORMA 1,255.29
PROVIDENT LIFE 359.41
PROVIDENT LIFE 67.29
PUBLIC UTILITIES 5,286.27
QUICK, ALAN 113.00
R C FABRICATORS 5,720.00
R. E. NICHOLSON VENTRUES 250.00
RADKO IRON & SUPPLY INC 688.39
RADKO IRON & SUPPLY INC 9,613.23
RADOTICH INC 1,996.00
RADOTICH INC 171,781.37
RANGE BUILDING MAINTENANCE 1,166.18
RANGE STEEL FABRICATORS 1,156.59
RANGE STEEL FABRICATORS 2,313.18
RANGE WATER CONDITIONING 47.93
RESERVE ACCOUNT 500.00
SAGETY-KLEEN CORP 126.74
SEARCH RESOURCES INC 236.20
SECURITAS SEC SERV 1,610.30
SERCH RESOURCES 224.39
SIM SUPPLY 2,903.11
ST LOUIS COUNTY WASTE DEPT 10,000.00
SULLIVAN CANDY & SUPPLY 374.64
SULLIVAN CANDY & SUPPLY 641.48
TINIUS OLSEN TESTING 1,676.00
TODD SCHMELZER 313.44
TOWN & COUNTRY 22,548.00
TOWN & COUNTRY 185,922.42
TRANSMAN 11,885.77
TRIMARK INDUSTRIAL 1,062.86
TRITEC 1,695.00
TRITEC 2,815.00
UNIMIN 9,000.00
VESUVIOUS 3,358.00
VICKERS ENGINEERING 352.80
VICKERS ENGINEERING 407.40
VISTA EYES 303.22
WEBER MARKING SYSTEMS 752.01
WHEELABRATOR GROUP 1,290.12
WHEELABRATOR GROUP 2,364.93
$1,910,552.70
NORTHERN CASTINGS CORP
CASE NO. 04-67608
AT 7/31/05
HIBBING - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 374,987.30
Unadjusted GL Balance 374,987.30
-------------
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
7/1/2005 77218 3,289.99
7/7/2005 77274 1,085.02
7/25/2005 77320 1,868.00
7/25/2005 77321 5,574.50
7/27/2005 77330 122.00
7/27/2005 77331 139.68
7/27/2005 77332 196.05
7/27/2005 77333 4,729.33
7/27/2005 77334 17,030.37
7/27/2005 77335 742.92
7/27/2005 77336 75.00
7/27/2005 77337 707.20
7/27/2005 77338 1,221.00
7/27/2005 77339 689.09
7/27/2005 77340 492.39
7/27/2005 77342 604.81
7/27/2005 77343 236.55
7/27/2005 77344 6,870.00
7/27/2005 77345 324.58
7/27/2005 77346 1,591.20
7/27/2005 77347 851.83
7/27/2005 77348 376.18
7/27/2005 77349 1,125.71
7/27/2005 77350 607.50
7/27/2005 77351 5,150.50
7/27/2005 77353 11,940.00
7/27/2005 77354 900.51
7/27/2005 77355 387.57
7/27/2005 77356 1,774.50
7/27/2005 77357 4,290.12
7/27/2005 77358 399.89
7/27/2005 77359 36.45
7/27/2005 77360 419.20
7/27/2005 77361 1,665.00
7/27/2005 77362 21,676.50
7/27/2005 77363 100.00
7/27/2005 77364 1,500.00
7/27/2005 77365 500.00
7/27/2005 77366 802.13
7/27/2005 77367 1,302.50
7/27/2005 77368 643.26
7/27/2005 77369 1,880.25
7/27/2005 77370 1,797.88
7/27/2005 77371 563.39
7/27/2005 77372 1,638.40
7/27/2005 77373 3,314.58
7/27/2005 77374 585.00
7/27/2005 77376 9,303.18
7/27/2005 77377 6,100.00
7/27/2005 77378 329.69
7/27/2005 77379 2,180.00
7/27/2005 77380 1,821.00
7/27/2005 77381 231.17
7/27/2005 77382 65.73
7/27/2005 77383 5,720.00
7/27/2005 77384 250.00
7/27/2005 77385 9,613.23
7/27/2005 77386 1,166.18
7/27/2005 77387 2,313.18
7/27/2005 77388 47.93
7/27/2005 77389 126.74
7/27/2005 77390 224.39
7/27/2005 77391 1,610.30
7/27/2005 77392 2,903.11
7/27/2005 77393 641.48
7/27/2005 77394 22,548.00
7/27/2005 77395 1,062.86
7/27/2005 77396 2,815.00
7/27/2005 77398 2,364.93
7/27/2005 77400 3,440.00
7/27/2005 77401 83.07
7/27/2005 77403 3,673.32
7/27/2005 77404 171,781.37
7/28/2005 77405 2,286.54
7/29/2005 77406 50.00
7/29/2005 77407 45.22
7/29/2005 77408 2,732.78
7/29/2005 77409 26.22
7/29/2005 77410 796.69
7/29/2005 77411 21.80
$374,987.30
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JULY 31, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: NORTHERN CASTINGS CORP. Capacity: ___ Shareholder
Case Number: 04-67608 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $0
Dated: AUGUST 22, 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
& 6/22/05-12/22/05
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 JULY 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67613
) Chapter 11
) Judge: Marci B. McIvor
SUDBURY, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting
of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO[ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO[ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO[ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO[ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO[ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: AUGUST 22, 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 7-31-05
($000's)
CASE # 04-67613
SUDBURY
INC.
-------------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales - -
Cost of Goods Sold
Materials and Freight - -
Wages - Hourly - -
Wages-Salary - -
Employee Benefits and Pension - -
Repairs & Maintenance - -
Supplies - -
Utilities - -
Purchased Components/Services - -
Income(loss) from Pattern Sales - -
Fixed Asset - (gain/loss) - -
MIS Expense - -
Travel & Entertainment - -
Other Variable Costs - -
Depreciation & Amortization - 177
Other Allocated Fixed Costs - -
Other Fixed Costs - (1)
---- -------
Cost of Goods Sold - 176
Gross Profit - (176)
Plant SG&A Expense - -
SG&A Expense - Allocation (Sched 1) - -
Other Operating Expenses - 62,559
---- -------
Total Operating Expenses - 62,559
Operating Profit - (62,735)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) - (13)
Charges (From) Affiliates - -
Charges To Affiliates - -
Gain/(Loss) On Sales Of Assets - -
Outside Dividend Income - -
Foreign Exchange Gain/(Loss) - -
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 July
(Allocation of Corporate Costs to Filing Entities)
(000's)
July
------
Officer Compensation $ 189
Salary Expense other Employees 968
Employee Benefits and Pension 108
Payroll Taxes 53
Other Taxes 3
Rent and Lease Expense 186
Interest Expense
Insurance 54
Automobile and Truck Expense 12
Utilities(Gas Electric,Phone) 41
Depreciation 93
Travel and Entertainment 78
Repairs and Maintenance 48
Advertising/Promotion 7
Supplies, Office Expense 17
OTHER:
Contributions 4
Professional Fees - Audit/Tax 350
Bank Fees 24
Public Reporting Fees 15
Employee Relocation/Training 41
Data Processing 23
Dues and Subscriptions 15
Outside Services 83
Project Development Costs net of Billings 114
Director Fees 25
Miscellaneous 2
Legal Fees 4
Cost Allocation - Europe (78)
Cost Allocation - Out (168)
------
$2,309
======
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 656
------
Total $2,309
======
Intermet Corp and Subsidiaries
Balance Sheet as of 07-31-05
($000's)
CASE # 04-67613
---------------
SUDBURY
INC.
---------------
Cash And Equivalents $ -
Accounts Receivable 7
Short-Term Intercompany Receivables -
Inventories -
Other Current Assets -
--------
TOTAL CURRENT ASSETS 7
Land and Buildings (2,077)
Machinery & Equipment (23,412)
Construction In Progress -
--------
Total Fixed Assets (25,489)
Accumulated Depreciation 25,489
--------
NET FIXED ASSETS -
Investment In Subsidiaries -
Investment In European Operations -
Long-Term Intercompany Receivables 12,860
Deferred Taxes, Long-Term Asset -
Other Assets 76
--------
TOTAL ASSETS $ 12,943
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ -
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: 07-31-05 SUDBURY INC. CASE #04-67613
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued/ Payments/ as of
6/30/2005 Withheld Deposits 07/31/2005
--------- --------- ---------- ----------
Income tax withheld: Federal $ 0 $ 0 $ 0 $ 0
Income tax withheld: State $ 0 $ 0 $ 0 $ 0
Income tax withheld: Local $ 0 $ 0 $ 0 $ 0
FICA Withheld $ 0 $ 0 $ 0 $ 0
Employers FICA $ 0 $ 0 $ 0 $ 0
Unemployment Tax: Federal $ 0 $ 0 $ 0 $ 0
Unemployment Tax: State $ 0 $ 0 $ 0 $ 0
All Other Payroll W/H $ 0 $ 0 $ 0 $ 0
$ 0 $ 0 $ 0 $ 0
State Taxes: Inc./Sales/Use/Excise $ 0 $ 0 $ 0 $ 0
Property Taxes $ 0 $ 0 $ 0 $ 0
Workers Compensation 0 0 0 0
----- ----- ----- -----
Total $ 0 $ 0 $ 0 $ 0
Wages and Salaries 0 0 0 0
----- ----- ----- -----
Grand Total $ 0 $ 0 $ 0 $ 0
===== ===== ===== =====
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $0 $0 $ 0
Accounts Receivable $0 $0 $7,000
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS: MONTHLY CASH STATEMENT
MONTH ENDED 7/31/2005
CASE # 04-67613
SUDBURY, INC.
Sudbury had no active bank accounts during the current month.
Sudbury is allocated no debit memos.
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JULY 31, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: SUDBURY, INC. Capacity: ___ Shareholder
Case Number: 04-67613 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
Current Compensation Paid: Weekly or Monthly
_______ _______
Current Benefits Paid: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $0
Dated: AUGUST 22, 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
& 6/22/05-12/22/05
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 JULY 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67602
) Chapter 11
) Judge: Marci B. McIvor
SUDM, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and, (if not, attach written
explanation)
YES [X] NO[ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO[ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO[ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO[ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO[ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: AUGUST 22, 2005 /s/Robert E. Belts
------------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- --------------
Title Phone
MONTHLY CASH STATEMENT
Period Ending: JULY 31, 2005
SUDM, INC.
Case Number: 04-67602
CASH ACTIVITY ANALYSIS (CASH BASIS ONLY):
General Payroll Tax Cash Coll. Petty Cash
Acct. Acct. Acct. Acct. Acct.
A. Beginning Balance _______ _______ _____ __________ ____________
B. Receipts _______ _______ _____ __________ ____________
(Attach separate schedule)
C. Balance Available _______ _______ _____ __________ ____________
(A+B)
D. Less Disbursements _______ _______ _____ __________ ____________
(Attach separate schedule)
E. Ending Balance ALL ACTIVITY FOR SUDM, INC. IS REPORTED IN THE 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: AUGUST 22, 2005 ______________________________
Debtor in Possession
FORM 5
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JULY 31, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: SUDM, INC. Capacity: ___ Shareholder
Case Number: 04-67602 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED AT INTERMET
CORPORATION. PLEASE SEE INTERMET CORPORATION (CASE #04-67597) FOR ALL INSIDER
COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $0
Dated: AUGUST 22, 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
& 6/22/05-12/22/05
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 JULY 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67610
) Chapter 11
) Judge: Marci B. McIvor
TOOL PRODUCTS, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO[ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO[ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO[ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO[ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO[ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: AUGUST 22, 2005 /s/ Robert E. Belts
------------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- --------------
Title Phone
Internet Corp. and Subsidiaries
Operating Statement
For the Month Ended 7-31-05
($000's)
CASE # 04-67610
TOOL
PRODUCTS, INC.
-----------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales 4,503 49,393
Cost of Goods Sold
Materials and Freight 305 6,725
Wages - Hourly 1,115 11,628
Wages-Salary 265 2,795
Employee Benefits and Pension 462 4,619
Repairs & Maintenance 280 1,562
Supplies 253 2,235
Utilities 267 2,358
Purchased Components/Services 1,219 11,873
Income(loss) from Pattern Sales 39 (3)
Fixed Asset - (gain/loss) - 2
MIS Expense 19 193
Travel & Entertainment 12 147
Other Variable Costs 77 1,212
Depreciation & Amortization 229 2,153
Other Allocated Fixed Costs - (1)
Other Fixed Costs 107 776
-------- --------
Cost of Goods Sold 4,649 48,274
Gross Profit (146) 1,119
Plant SG&A Expense 65 675
SG&A Expense - Allocation (Sched 1) 137 1,340
Other Operating Expenses 227 794
-------- --------
Total Operating Expenses 429 2,809
Operating Profit (575) (1,690)
Outside Interest Income - -
Outside Interest (Expense) - (21)
Intercompany Interest Income - -
Intercompany Interest (Expense) (94) (845)
Charges (From) Affiliates - -
Charges To Affiliates - -
Gain/(Loss) On Sales Of Assets (3) (3)
Outside Dividend Income - -
Foreign Exchange Gain/(Loss) - -
Income/Loss From European Operations - -
Other Income/(Expense) - -
-------- --------
Total Non-Operating Expenses (97) (869)
Income Before Income Taxes (672) (2,559)
Income Tax Expense 58 414
-------- --------
Net Income (730) (2,973)
======== ========
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs July
(Allocation of Corporate Costs to Filing Entities)
(000's)
July
--------
Officer Compensation $ 189
Salary Expense other Employees 968
Employee Benefits and Pension 108
Payroll Taxes 53
Other Taxes 3
Rent and Lease Expense 186
Interest Expense
Insurance 54
Automobile and Truck Expense 12
Utilities(Gas Electric,Phone) 41
Depreciation 93
Travel and Entertainment 78
Repairs and Maintenance 48
Advertising/Promotion 7
Supplies, Office Expense 17
OTHER:
Contributions 4
Professional Fees - Audit/Tax 350
Bank Fees 24
Public Reporting Fees 15
Employee Relocation/Training 41
Data Processing 23
Dues and Subscriptions 15
Outside Services 83
Project Development Costs net of Billings 114
Director Fees 25
Miscellaneous 2
Legal Fees 4
Cost Allocation - Europe (78)
Cost Allocation - Out (168)
-------
$ 2,309
=======
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 656
-------
Total $ 2,309
=======
Internet Corp and Subsidiaries
Balance Sheet as of 07-31-05
($000's)
CASE # 04-67610
---------------
TOOL
PRODUCTS, INC.
---------------
Cash And Equivalents $ 58
Accounts Receivable 6,993
Short-Term Intercompany Receivables 921
Inventories 4,990
Other Current Assets 57
--------
TOTAL CURRENT ASSETS 13,019
Land and Buildings 10,872
Machinery & Equipment 24,935
Construction In Progress 1,493
--------
Total Fixed Assets 37,300
Accumulated Depreciation (14,837)
--------
NET FIXED ASSETS 22,463
Investment In Subsidiaries -
Investment In European Operations -
Long-Term Intercompany Receivables 7,777
Deferred Taxes, Long-Term Asset -
Other Assets -
--------
TOTAL ASSETS $ 43,259
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 1,507
Wages and Salaries (See schedule) 423
Taxes Payable - (See schedule) 275
--------
TOTAL POST PETITION LIABILITIES 2,205
SECURED LIABILITIES:
SECURED DEBT 31
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes -
Accrued Tax - State -
Accrued Property Taxes -
Accrued Workers Comp 502
Accrued Payroll -
Accrued Payroll Taxes -
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 502
UNSECURED LIABILITIES
Accounts Payable 6,622
Senior & IDR Bonds -
--------
TOTAL UNSECURED LIABILITIES 6,622
OTHER LIABILITIES
Accrued Liabilities 2,151
Short-Term Intercompany Payables 520
Retirement Benefits 249
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities -
Long-Term Intercompany Payables 2,551
Minority Interest -
--------
TOTAL LIABILITIES 14,831
Common Stock -
Capital In Excess Of Par Value 19,200
Retained Earnings - Prepetition 12,201
Retained Earnings - Post Petition (2,973)
Equity In European Operations
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
--------
TOTAL SHAREHOLDER EQUITY 28,428
--------
Total Liabilities And Equity $ 43,259
========
PERIOD ENDED: 07-31-05 TOOL PRODUCTS, INC. (JACKSON) CASE #04-67610
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
06-30-05 Withheld Deposits 07-31-05
---------- ---------- ---------- ----------
Income tax withheld: Federal ($ 17,916) ($ 47,234) $ 65,151 $ 0
Income tax withheld: State 0 0 0 0
Income tax withheld: Local 0 0 0 0
FICA Withheld (11,742) (33,260) 45,002 0
Employers FICA (11,742) (33,260) 45,002 0
Unemployment Tax: Federal (2,067) (261) 2,067 (261)
Unemployment Tax: State (7,144) (972) 7,254 (861)
All Other Payroll W/H (264) (11,152) 11,152 (264)
State Taxes: Inc./Sales/Use/Excise (2,007) (669) 2,007 (669)
Property Taxes (51,000) (9,000) 0 (60,000)
Workers Compensation (58,148) (6,151) 1,999 (62,301)
--------- --------- -------- ---------
Total ($162,031) ($141,959) $179,634 ($124,357)
Wages and Salaries (200,605) (172,200) 120,207 (252,598)
--------- --------- -------- ---------
Grand Total ($362,637) ($314,159) $299,841 ($376,955)
========= ========= ======== =========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) Total 0-30 Days 30-60 Days Over 60 Days
Accounts Payable ($ 79,440) ($ 79,440) $ 0 $ 0
Accounts Receivable $1,893,570 $1,569,760 $255,434 $68,376
PERIOD ENDED: 07-31-05 TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE #04-67610
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
6-30-2005 Withheld Deposits 7-31-2005
---------- --------- ---------- ----------
Income tax withheld: Federal $ 0 $ 0 $ 0 $ 0
Income tax withheld: State $ 0 $ 0 $ 0 $ 0
Income tax withheld: Local $ 0 $ 0 $ 0 $ 0
FICA Withheld $ 0 $ 0 $ 0 $ 0
Employers FICA $ 0 $ 0 $ 0 $ 0
Unemployment Tax: Federal $ 0 $ 0 $ 0 $ 0
Unemployment Tax: State $ 0 $ 0 $ 0 $ 0
All Other Payroll W/H $ 0 $ 0 $ 0 $ 0
State Taxes: Inc./Sales/Use/Excise ($171,000) ($57,000) $171,000 ($ 57,000)
Property Taxes ($ 43,597) ($11,349) $ 0 ($ 54,946)
Workers Compensation ($ 35,336) ($ 7,106) $ 3,767 ($ 38,675)
--------- -------- -------- ---------
Total ($249,932) ($75,456) $174,767 ($150,621)
Wages and Salaries ($177,289) $ 7,158 $ 0 ($170,131)
--------- -------- -------- ---------
Grand Total ($427,221) ($68,297) $174,767 ($320,751)
========= ======== ======== =========
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petition) Total 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $1,585,925 $1,585,925 $ 0 $ 0
Accounts Receivable $4,810,908 $3,239,440 $1,233,813 $337,655
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS:
MONTH ENDED 7/31/2005
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 1,713,545 0 0
TRANSFERS IN (CORPORATE) - 843,038 332,673
DISBURSEMENTS - (843,038) (332,673)
TRANSFERS OUT (CORPORATE) (1,713,545) - -
---------- -------- ---------
ENDING BANK BALANCE - - -
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 1,197,691
CHECKS ISSUED 843,046
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 486,523
CORPORATE DEBIT MEMOS 2,759
-----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 2,530,020
===========
OUTSTANDING CHECKS AS OF JUNE 30 226,859
VOIDED CHECKS OUTSTANDING AS OF JUNE 30 (186)
CHECKS ISSUED DURING JULY 843,046
CHECKS CLEARED DURING JULY (843,038)
-----------
OUTSTANDING CHECKS AS OF JULY 31 (SEE OUTSTANDING CHECKLIST) $ 226,681
===========
TOOL PRODUCTS, INC. (JACKSON) CASE NO. 04-67610
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
ACE INSURANCE $ 1,998.88
AH ASSOCIATES 3,200.00
AICPA 180.00
AIM POWER AND FLUIDS 652.40
AIR DRAULICS ENGINEERING CO 3,043.14
AIRGAS SOUTH 788.02
ALCHEM ALUMINUM, INC. (IMCO) 195,360.00
ALFE CORP GROUP 3,725.00
ALUAR 398,259.00
APPLIED SCALE TECHNOLOGY 170.00
ARMOR ENVIRONMENTAL SER INC 1,978.00
ASSOCIATED PACKAGING INC 153.79
AVAYA 466.24
A-Z OFFICE RESOURCES, INC. 2,092.43
B & B FIRE PROTECTION 253.19
B & B TOOL AND DIE COMPANY INC 51,125.00
BARNHILL'S 152.55
BELLSOUTH 1,428.34
BERTELKAMP AUTOMATION, INC. 1,041.53
BLUFF CITY ELECTRONICS 1,072.29
BOB CROWE 176.80
BOB FULGHAM 176.54
BRANDON LANGHANS 487.50
BUHLER INC 2,783.81
CANON FINANCIAL SERVICES, INC. 814.72
CARLA ANDREWS 336.66
CDW COMPUTER CENTERS, INC 68.96
CHAPTER 13 TRUSTEE 4,837.48
CHEM STATION 919.17
CHEM TREND INCORPORATED 26,782.45
CITY OF JACKSON 2,484.97
CLIFTON, KRISTIE 62.00
COLE PALLET COMPANY LLC 3,770.00
COMPUWARE 594.00
CONTRA COSTA 380.00
CPC INC. 496,100.00
CRANE SERVICE INC 2,859.00
CROSS MACHINE TOOL CO INC 28,990.00
D M E CORP 1,502.48
DANKA INDUSTRIES INC 631.34
DAVE CLARK 3,494.48
DAVID TURNER 114.00
DESSICK WATSON 49.83
DIEMER ASSOCIATES INC 1,247.27
ENGINEERED PRODUCTS DIVIS 5,296.19
FEDERAL EXPRESS CORP 42.65
FERRELL GAS 219.70
FRANKLIN ELECTROFLUID CO 125.20
FUGITT RUBBER AND SUPPLY CO 5,739.15
TOOL PRODUCTS, INC. (JACKSON) CASE NO. 04-67610
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
GOLDENS' FOUNDRY & MACHINE CO 4,247.98
GOODRICH TOOL & SUPPLY 532.69
H C I SUPPLY INC. 21,246.76
HERSCHAL PRODUCTS INC 1,194.30
HI TEMP PRODUCTS INC 2,611.50
HILDRETH 3,825.90
HILL AND GRIFFITH COMPANY 289.47
I SQUARED R ELEMENT CO., INC. 1,866.12
INDUSTRIAL FIREBRICK WAREHOUSE 1,012.29
INDUSTRIAL GYPSUM 370.00
JACKSON COMMUNICATIONS 592.66
JACKSON ENERGY AUTHORITY 100,785.65
JACKSON PAYROLL (INCLUDES CORP DISB) 486,523.43
JASON DAVIDSON 4,067.50
JIT FORMS 849.20
JONES, GRADY W.-CO. OF MEMPHIS 124.90
KOBOLD INSTRUMENTS 1,114.87
KTR CORP 351.59
L & S PRECISION TOOL 505.50
L&H SUPPLY CO INC 4,417.61
LAEMPE & REICH 2,953.00
LIFT TRUCK SERVICE & RENTALS 646.76
LOWE'S COMPANIES 838.57
MACHINE TOOL & SUPPLY (JKSN) 3,601.89
MADISON CITY GENERAL SESSIONS 294.84
MADISON COUNTY CIRCUIT COURT 367.40
MADISON FINISHING INC 41,546.30
MARTIN INDUSTRIAL 5,150.88
MATTHEW GRIFFITH 212.55
MB2 CONSULTING 400.00
MCMASTER CARR SUPPLY CO 3,027.71
METALLURG ALUMINUM 5,060.00
MIDVALE INDUSTRIES INC 1,090.65
MTRONICS.COM INCORPORATED 110,318.40
MUELLER MACHINE & TOOL CO 34,550.33
OFFICE DEPOT 876.54
OLD COUNTRY STORE 132.00
PARAMOUNT UNIFORM RENTAL 2,013.38
PENNSYLVANIA STATE CHILD SUPPORT 535.40
PERSONNEL MANAGEMENT INC 34,747.62
PITNEY BOWES CREDIT CORP 250.00
PNC BANK 2,500.00
PRECISION MACH PRODUCTS 41,968.78
PRINCE MACHINE 1,150.00
PRODUCT ACTION 1,023.88
PROVIDENT LIFE 166.46
PYROTEK, INC. 1,163.26
RAMON AYALA DELGADO 1,000.00
RED FOX INC 1,331.39
RIMROCK CORP 174,716.42
RODNEY HALE 66.00
TOOL PRODUCTS, INC. (JACKSON) CASE NO. 04-67610
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
ROSE MACHINE & TOOL 1,492.00
S&M LAWRENCE 71.40
SCOTT BLEEKS 6,787.06
SHAMROCK ENGINEERING CO 4,785.67
SHERRY CHURCH 66.69
SIDNEY DAVID FLORIST & GIFT 47.19
SPAN AMERICA INC 7,321.77
SPECTRO ALLOYS CORP 67,754.00
SPECTRUM FINISHING 5,372.70
SPRINT 798.22
STRIKO DYNARAD CORPORATION 3,001.96
TEMM DEPT OF REVENUE 274.00
TENNESSEE CHILD SUPPORT 4,736.89
THE ROYAL GROUP 10,084.52
THOMAS MCKEOWN 313.51
TRANSMAN 37,264.61
UNITED SAW AND SUPPLY CO 2,202.10
VANTAGE TOOLING SYSTEMS 6,413.00
VERIZON WIRELESS 459.82
VOGEL LUBRICATION INC 372.80
WEST TENNESSEE COFFEE SERVICE 913.34
ZYP COATINGS INC. 1,030.00
-------------
$2,530,019.73
TOOL PRODUCTS, INC.
CASE NO. 04-67610
AT 7/31/05
JACKSON - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 226,681.20
Misc Reconciling Items Adjusted in August 0.32
-----------
226,681.52
Unadjusted GL Balance 226,681.52
-----------
Difference $ -
===========
JACKSON
OUTSTANDING CHECKS
CASE NO. 04-67610
DATE CHECK OUTSTANDING
07/14/05 23533 $ 532.84
07/21/05 23593 66.69
07/21/05 23594 62.00
07/21/05 23598 215.30
07/21/05 23599 125.20
07/21/05 23624 1,000.00
07/21/05 23626 1,250.00
07/21/05 23627 1,151.32
07/28/05 23634 114.36
07/28/05 23635 788.02
07/28/05 23636 3,725.00
07/28/05 23637 36,125.00
07/28/05 23638 466.17
07/28/05 23639 105.87
07/28/05 23640 1,236.00
07/28/05 23641 919.17
07/28/05 23642 5,105.20
07/28/05 23643 1,391.24
07/28/05 23644 2,479.85
07/28/05 23645 95.00
07/28/05 23646 631.34
07/28/05 23648 2,910.69
07/28/05 23649 176.54
07/28/05 23650 100.54
07/28/05 23651 212.55
07/28/05 23655 6,259.29
07/28/05 23656 590.58
07/28/05 23657 504.15
07/28/05 23659 197.41
07/28/05 23660 251.40
07/28/05 23661 12,460.99
07/28/05 23662 91.85
07/28/05 23663 73.71
07/28/05 23664 2,734.81
07/28/05 23665 197.01
07/28/05 23666 162.03
07/28/05 23667 33,501.60
07/28/05 23668 1,157.40
07/28/05 23669 133.85
07/28/05 23670 11,289.75
07/28/05 23673 6,052.41
07/28/05 23674 1,150.00
07/28/05 23675 1,331.39
07/28/05 23676 47,091.62
07/28/05 23678 10,084.52
07/28/05 23679 7,321.77
07/28/05 23680 374.47
07/28/05 23681 1,237.76
07/28/05 23682 2,187.10
07/28/05 23683 6,413.00
07/28/05 23684 372.80
07/28/05 23685 515.00
07/28/05 23686 190.80
07/28/05 23687 505.50
07/28/05 23688 8,980.86
07/28/05 23689 2,280.48
$226,681.20
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS: MONTHLY CASH STATEMENT
MONTH ENDED 7/31/2005
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 2,991,863 - 314
TRANSFERS IN (CORPORATE) - 1,220,471 1,054,068
DISBURSEMENTS - (1,220,471) (1,054,383)
TRANSFERS OUT (CORPORATE) (2,991,863) - -
---------- ---------- ----------
ENDING BANK BALANCE - - -
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 635,252
CHECKS ISSUED 1,197,769
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 909,000
CORPORATE DEBIT MEMOS 1,381
-----------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 2,743,402
===========
OUTSTANDING CHECKS AS OF JUNE 30 287,502
VOIDED CHECKS OUTSTANDING AS OF JUNE 30 -
CHECKS ISSUED DURING JULY 1,197,769
CHECKS CLEARED DURING JULY (1,093,769) Excludes $ 126,701 of Putnam ACH's.
-----------
OUTSTANDING CHECKS AS OF JULY 31 (SEE OUTSTANDING CHECKLIST) $ 391,501
===========
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
CITY OF NEW HOPE 6,835.98
A&C METALS 93.38
A.D.T. SECURITY SYST 1,585.37
ABRASIVE SPECIAL 399.77
ABRASIVE SPECIALIST 161.75
ACCOUNTEMPS 803.98
ACCOUNTEMPS 1,001.68
ACCOUNTEMPS 1,054.40
ACE INSURANCE 1,307.07
AIR ENGINEERING 143.79
AIR HYDRAULIC 198.93
AIR POWER EQUIP 160.64
AIR POWER EQUIPT 248.46
AIRTEC 394.94
ALERT FIRE & SAFETY 171.33
ALLIED WASTE SERVICES 1,374.84
AMERICAN COLLOID 790.00
APPLIED PRODUCTS 338.68
APPLIED PRODUCTS 541.72
ARROW 10,375.86
ARROW CRYOGENICS 15,237.66
ARROW CRYOGENICS 15,519.31
ARROW CRYOGENICS 17,140.57
ASSOCIATED BAG 144.26
ASSOCIATED BAG 311.09
ASSOCIATED BAG 122.17
AT&T 12.02
AT&T 181.97
AUTOMATED EDM 804.00
AUTOMATED FINISH 3,870.00
AUTOMATION INC 140.95
AUTOMATION INC 213.62
AVTEC FINISHING SYS 421.36
AVTEC FINISHING SYS 574.08
BANN FORMS 246.74
BATTERIES PLUS 87.29
BEAR ROCK CAFE 112.29
BENNETT BROTHERS 225.00
BERNE SCALE 115.50
BEX INC. 66.58
BIOSAN LABORATORIES 82.99
BOHLER UDDEHOLM 31,663.85
BRAAS COMPANY 184.04
BRAAS COMPANY 1,161.27
BRACH MACHINE 133.60
BRADLEY GROUP 693.00
BUHLER 250.19
BUHLER 174.84
BUHLER INC. 258.02
CADD/ENGINEERING 58.58
CARBON PRODUCT TECH 1,800.50
CASTOOL 5,535.00
CENTENNIAL CARBIDE 165.69
CENTERPOINT ENERGY 42,766.26
CENTRAL CONTAINER 9,651.86
CENTRAL CONTAINER 2,701.00
CENTRAL CONTAINER 14,984.96
CENTRAL CONTAINER 7,864.67
CERTIFIED POWER 108.61
CERTIFIED POWER 108.61
CHEM TREND 5,456.00
CHEM TREND 14,360.50
CHEM TREND 425.00
CHET'S SAFETY SHOE 790.00
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
CINCINNATI TEST SYS 186.32
CINDY MANCUSO 32.99
CMS-CONSOLIDATE 150.00
CMW -
COLLIN MILLER 19.01
COM UNLIMITED 93.73
COMO IND EQUIP 410.46
CONCEPT MACHINE 178.43
CON-WAY CENTRAL 857.35
CROWLEY & ASSOC 13,159.21
CULLIGAN METRO 263.62
DADANT & SONS 43.53
DATASTREAM SYSTEM 1,011.99
DAVE COWAN 109.32
DECO TOOL SUP 1,729.29
DECO TOOL SUPPLY 1,901.56
DECO TOOL SUPPLY 2,157.22
DECO TOOL SUPPLY 741.02
DEEP ROCK WATER 299.44
DELL MARKETING 100.54
DEPT OF SOC SERV 37.61
DEPT OF SOC SERV 37.61
DEPT OF SOC SERV 37.61
DEPT OF SOC SERV 37.61
DIEMER ASSOCIATES 12,148.26
DOODY MECHANICAL 199.00
DOODY MECHANICAL 372.35
DOUGHERTY'S LAWN 839.06
DOUGHERTY'S LAWN 839.06
DOWN TOWN COLLISION 4,758.48
DUNCAN 243.13
DUNCAN 720.01
DUNCAN COMPANY 616.08
DWAYNE VOSS 187.04
DWAYNE VOSS 325.07
DYNAMEX 106.88
DYNAMEX 133.60
DYNAMEX 133.60
DYNAMEX 133.60
DYWAYNE VOSS 320.98
ECO FINISHING 35.80
ECO FINISHING 1,270.08
ECO FINISHING 2,177.28
EDM SALES 86.00
EDM SALES & SUP 59.42
EDM SALES & SUPPL 8,942.90
EDP ENGINEERING 6,749.19
EDP ENGINEERING 4,546.88
EDP ENGINEERING 2,886.21
EDP ENGINEERING 4,645.34
EDP ENGINEERING 2,258.55
EDP ENGINEERING 1,484.00
EDP ENGINEERING 4,005.98
EDP ENGINEERING 4,510.54
EDP ENGINEERING 1,850.88
EDP ENGINEERING 1,148.04
EDP ENGINEERING 4,490.71
EDP ENGINEERING 1,248.66
EMPLOYERS ASSOC 782.58
ENERGY MANAGE 1,252.32
ENGINEERED PROD 36,654.27
ENTEGEE 1,530.38
ENTEGEE 1,060.00
ENTEGEE 2,513.26
ENTEGEE 2,120.00
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
EXAIR CORP 393.82
FAM SUP PAY CTR 50.54
FAM SUP PAY CTR 50.54
FAM SUP PAY CTR 50.54
FAM SUP PAY CTR 50.54
FASTENAL 4,306.88
FASTENAL 4,099.54
FASTENAL COMPANY 733.80
FERRELLGAS 357.26
FERRELLGAS 232.25
FERRELLGAS 215.78
FERRELLGAS 232.25
FILTRATION SYSTEMS 113.75
FIREBRICK ENGINEER 4,910.70
FIREBRICK ENGINEER 147.00
FOCUS DIE MOLD SOL 1,012.50
FRANCI AMES 112.65
FRANCI AMES 425.99
FRANCIS COMPANY 134.00
FRANCIS COMPANY 130.40
FRED PRYOR SEMINAR 99.00
FREEDOM FINISHING 302.40
GE CAPITAL FLEET 1,517.55
GENERAL ELECTRIC 30,806.55
GERARD DUNNE 43.87
GLOBAL EXCHANGE 136.84
GORDON BRUSH 744.63
GRAINGER 860.48
GRAINGER 58.11
GRAINGER 576.82
HALES MACHINE TOOL 1,196.41
HARD CHROME 420.00
HARTFIEL COMPANY 208.48
HELP SYSTEMS 1,904.44
HIGH CALIBER SERV 2,491.88
HIGH CALIBER SERV 2,227.50
HIGH CALIBER SERV 4,595.63
HILDRETH 3,655.75
HILDRETH 7,063.52
HILDRETH 6,185.01
HILL INDUSTRIAL TOOLS 248.61
HILL INDUSTRIAL TOOLS 441.91
HOLIDAY CREDIT OFF 1,786.56
HOSE/CONVEYOR 377.76
HOSE/CONVEYORS 393.70
HOSE/CONVEYORS 802.86
IKON FINANCIAL 2,875.49
IKON FINANCIAL 283.45
IKON FINANCIAL 2,875.49
IKON OFFICE -
IKON OFFICE SOLUTION 96.91
IMPRINT ENTERPRISES 498.71
IND HYDRAULIC SERV 216.40
INDUSTRIAL FLOOR MAINT 1,750.86
INDUSTRIAL FLOOR MAINT 138.50
INDUSTRIAL FLOOR MAINT 1,626.79
INDUSTRIAL FLOOR MAINT 1,198.96
INDUSTRIAL HYD SRV 2,589.98
INDUSTRIAL HYDRAULIC 5,992.51
INTEGRA TELECOM 1,471.12
INTERNET 235.63
INT'L SURFACE PREP 286.21
ISC MACHINE 29,137.00
J&W INDUSTRIAL 1,362.00
JAKE RHINES 1,575.00
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
JAKE RHINES 1,200.00
JAMES TROUT MACH 253.00
JANET OMERNIK 28.71
JEFF BRANDT 180.19
JEFF JOHNSON 6,118.44
JESCO INDUSTRIAL 385.35
JESCO INDUSTRIAL 95.97
JESKA TECH SERV 304.88
JOHN HENRY FOSTER 103.55
JOHN HENRY FOSTER 77.42
JOHN HENRY FOSTER 677.42
JOHN HENRY FOSTER 288.82
KENNAMETAL 683.76
KENNETH ETZLER 50.15
KEYENCE CORPORATION 644.86
KILLMER ELECT 12,863.12
KILLMER ELECT 391.66
KODIAK CONTROLS 54.45
KODIAK ENGINEERING 210.60
L & S ELECTRICAL 1,033.74
LAKELAND ENG 150.35
LAKEVIEW POLISH 786.68
LARRY SCHWEBACH 40.33
LEEDS PRECISION 61.00
LEEF BROS 1,929.96
LEEF BROS 1,851.98
LEEF BROS 1,844.31
LEEF BROS 2,473.79
LIBERTY MUTUAL 116.30
LOFTON LABEL 197.77
LOFTON LABEL 197.77
LUBE TECH 1,482.31
LUBE TECH 1,222.71
LUBE TECH 1,004.25
LYN HELLAND 1,072.87
LYN HELLAND 500.00
MACHINE TOOL SUP 626.52
MAGNATAG 34.62
MAGNA-TECH 1,341.84
MAGNA-TECH 303.48
MAGNA-TECH 685.44
MAGNA-TECH 881.28
MAKRITE PARTS 1,449.60
MAKRITE PARTS 1,548.00
MARODI INC 1,607.41
MARS 50.54
MARSHALL NELSON 1,035.83
MARSHALL NELSON 74.27
MATT HANKEN 346.32
MATT HANKEN 327.47
MATT HANKEN 1,100.09
MATT HANKEN 178.00
MAZAK CORP 352.61
MAZAK CORPORATION 563.57
MAZAK CORPORATION 471.17
MCMASTER CARR 665.57
MCMASTER CARR 2,160.17
MCMASTER CARR 990.58
MCMASTER-CARR 328.38
METAL TREATERS 2,953.45
METAL TREATERS 2,541.70
METALMATIC 17,078.00
METALMATIC 7,758.00
METROCALL 56.35
MICRO-WELD 115.00
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
MICRO-WELD 140.00
MICRO-WELD 440.00
MIDWEST MACHINE 3,299.84
MIDWEST THERMO 888.76
MINNEAPOLIS PAYROLL (INCLUDES AMOUNTS DISBURSED BY CORP) 909,000.12
MINNESOTA GLOVE 148.64
MINNESOTA GLOVE 579.24
MINNESOTA UC FUND 49,807.00
MN CHILD SUP PAY 2,049.88
MN CHILD SUP PAY 2,768.16
MN CHILD SUP PAY 2,049.88
MN CHILD SUP PAY 2,768.16
MN DEPT OF REV 168.00
MN DEPT OF REV 124.45
MN DEPT OF REV 150.00
MN DEPT OF REVENUE 324.45
MN ST BOARD OF ELE 20.00
MO TECH 11,309.99
NADCA 85.00
NADCA 20.00
NADCA 85.00
NANCY MICKELSON 93.29
NATIONAL KARD 162.75
NATIONAL KARD 45.16
NATIONAL KARD 342.52
NATIONAL KARD 157.44
NEW DIMENSION 2,718.00
NEW DIMENSION 1,810.98
NEW DIMENSION 2,363.76
NEW DINENSION 2,539.30
NEWARK ELECTRONICS 164.15
NORTH SECOND STREET 675.91
NORTHERN SANITARY 117.15
NORTHERN SANITARY 140.15
NS/I MECHANICAL 5,108.65
OCCUPATIONAL MED 127.50
OCCUPATIONAL MED 382.50
OCCUPATIONAL MED 127.50
OCCUPATIONAL MEDIC 539.00
OLSEN CHAIN & CABLE 129.27
OSI ENVIRONMENTAL 159.76
OSI ENVIRONMENTAL 3,347.04
PAM POLISHING 3,660.00
PAM'S POLISHING 2,080.00
PAM'S POLISHING 2,720.00
PARAGON TECHNOLOGY 737.48
PARAGON TECHNOLOGY 666.41
PAUL KARNOWSKI 500.00
PEAK TECHNOLOGIES 359.03
PFC EQUIPMENT 286.88
PINE BEND LANDFILL 210.95
PIONEER METAL FIN 386.73
PIONEER METAL FIN 187.27
PIONEER METAL FIN 8,329.92
PIONEER METAL FIN 935.70
PITNEY BOWES 472.52
POWDER TECH 75.99
POWDER TECH 150.74
POWDER TECH 229.50
POWDER TECH 519.85
POWER/MATION 929.78
PRECISION POLISHING 1,300.00
PRECISION POLISHING 754.00
PRECISION SAW 225.80
PRECISION SAW 451.60
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
PRECISION SAW 338.70
PRO STAFF 757.35
PRO STAFF 580.64
PRO STAFF 918.00
PRODUCTIVITY 331.37
PRODUCTIVITY 769.67
PROGRESSIVE BUS 255.60
PROGRESSIVE COMP 290.90
PROGRESSIVE COMP 498.26
PROGRESSIVE COMP 469.20
PROGRESSIVE ENG 9,405.24
PROGRESSIVE ENG 883.86
PROLIFT SERVICES 818.48
PROLIFT SERVICES 209.25
PROLIFT SERVICES 2,147.02
PROVIDENT LIFE 73.53
PYROTEK 225.75
PYROTEK 838.55
QUAD STEEL 1,250.00
QUAD STEEL 80.00
QUEST ENGINEERING 934.82
QUEST ENGINEERING 516.83
QUICKWAY RIGGING 560.20
QUICKWAY RIGGING 3,515.39
QWEST ENGINEERING 49.20
RAY DAY 533.59
REFRACTORY & INSULAT 240.00
REID TOOL SUPPLY 25.44
RELIASTAR BANKERS 1,684.51
RELIASTAR LIFE INS 5,472.76
REPLENEX 153.84
REPLENEX 460.29
REPLENEX 131.54
RICE INDUSTRIES 1,338.25
RICE INDUSTRY 58.50
RICE INDUSTRY 2,342.41
RICHARD DAMMAR 188.10
RICK KRAMBER 93.75
RIMROCK 3,000.50
RIMROCK 4,650.00
RIMROCK 449.38
RIMROCK 2,470.13
ROBERTS AUTOMATIC 2,259.97
ROBERTS AUTOMATIC 370.62
ROTO ROOTER 191.00
RYER FOOD 153.60
S & T OFFICE 1,794.90
S & T OFFICE PROD 1,027.09
S & T OFFICE PROD 28.11
S&T OFFICE 171.08
SAVOIE SUPPLY 2,830.13
SBC PAGING 43.95
SEARS 44.89
SHAD NELSON 1,066.29
SHAD NELSON 170.19
SHAMROCK ENG 57.48
SOUTHERN ENGINEER 1,175.95
SPECTRUM IND 5,438.88
SPECTRUM IND 2,187.63
SPECTRUM INDUST 2,962.07
SPECTRUM INDUSTRIES 6,314.10
SPHERION 31,182.57
SPHERION 28,428.00
SPHERION 23,366.95
SPIRIT TOOL & DIE 1,280.00
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
SPIROL INTERNATIONAL 334.10
SPOKESMAN-RECORDER 50.00
STAR TRIBUNE 501.74
STORK-TWIN CITY TEST 105.00
STORK-TWIN CITY TEST 57.20
STREET FLEET 17.44
STRIKO DYNARD 29,273.25
STRIKO DYNARD CORP 1,900.00
STROM ENGINEERING 1,192.13
STROM ENGINEERING 1,029.56
STROM ENGINEERING 1,039.13
SUB-MEX 7,259.37
SUB-MEX 15,755.28
SUB-MEX 20,239.40
SUB-MEX 6,925.78
SUNSOURCE 765.42
T C CLIPPER 550.30
T.L. ASHFORD 295.00
TC CLIPPER 115.62
TC CLIPPER 322.24
TECHNICAL ERECTORS 3,923.20
TERRI KARNOWSKI 317.25
TEXTRON FASTENING 3,187.10
TEXTRON FASTENING 190.26
THOMAS ZAGER 112.50
TILSNER CARTON 3,776.25
TILSNER CARTON 1,868.25
TILSNER CARTON 3,535.50
TILSNER CARTON 1,815.75
TN DEPT OF LABOR 7,254.49
TOLL COMPANY 633.50
TOLL COMPANY 649.20
TOLL COMPANY 472.58
TOLL COMPANY 480.77
TOOL GRINDING 796.20
TOOLING ASSOCIATES 507.96
TOOLING ASSOCIATES 173.37
TOSHIBA MACHINE 2,740.25
TOSHIBA MACHINE 8,194.58
TOSHIBA MACHINE 468.60
TOYOTA-LIFT 998.60
TPC WIRE AND CABLE 480.02
TROUT ENTERPRISES 3,036.00
TRU-TONE 1,664.25
TULL BEARING 74.48
TULL BEARING 839.12
TULL BEARINGS 485.12
TULL BEARINGS 788.67
TWIN PINES METR 64.00
ULINE SHIPPING 653.54
UNITED ELECTRIC 349.22
UNITED ELECTRIC 1,217.63
UNITED ELECTRIC 2,649.96
UNITED ELEECTRIC 4,498.88
UNUM LIFE INS 8,907.98
UNUM LIFE INS. 1,248.80
US TREASURY 100.00
US TREASURY 25.00
US TREASURY 100.00
US TREASURY 25.00
US TREASURY 100.00
US TREASURY 50.00
US TREASURY 100.00
US TREASURY 50.00
VERIZON WIRELESS 832.34
TOOL PRODUCTS, INC. (MINNEAPOLIS) CASE NO. 04-67610
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
------ -------------------
VERSA IRON & MACH 396.00
WEYERHAUSER 40.00
WI SCTF 50.50
WI SCTF 50.50
WI SCTF 50.50
WI SCTF 50.50
WIRE WORX 3,750.00
WIRE WORX 2,000.00
WIRE WORX 470.00
XCEL ENERGY 69,800.12
XCEL ENERGY 78,911.87
SPECTRO 476,879.63
NORANDA 50,369.86
SPRAYRITE 45,789.58
TRANSMAN 62,213.41
------------
2,743,402.10
TOOL PRODUCTS, INC
CASE NO. 04-67610
AT 7/31/05
MINNEAPOLIS - BANK RECONCILIATION
Bank Balance -
Actual Outstanding Checks $391,500.98
Unadjusted GL Balance 391,500.98
-----------
Difference $ -
===========
TOOL PRODUCTS, INC.
CASE NO. 04-67610
MINNEAPOLIS
OUTSTANDING CHECK LIST
CASE NO. 04-67610
DATE CHECK OUTSTANDING
5/26/2005 500923 $ 192.32
5/31/2005 501025 671.63
6/3/2005 501115 96.29
7/25/2005 501942 213.62
7/25/2005 501944 1,035.83
6/15/2005 501251 427.70
6/16/2005 501310 500.00
6/20/2005 501360 400.00
6/28/2005 501492 6.79
7/7/2005 501606 108.61
7/14/2005 501727 109.32
7/14/2005 501728 188.10
7/14/2005 501736 35.80
7/14/2005 501769 32.99
7/14/2005 501777 20.00
7/14/2005 501802 40.33
7/18/2005 501827 677.42
7/21/2005 501850 186.32
7/21/2005 501860 1,270.08
7/21/2005 501875 500.00
7/21/2005 501891 140.00
7/21/2005 501892 888.76
7/21/2005 501893 19.01
7/21/2005 501896 85.00
7/21/2005 501897 45.16
7/21/2005 501898 170.19
7/21/2005 501903 359.03
7/21/2005 501913 57.48
7/21/2005 501916 1,280.00
7/21/2005 501918 1,039.13
7/21/2005 501932 832.34
7/21/2005 501933 325.07
7/22/2005 501940 302.40
7/22/2005 501941 342.52
7/27/2005 501946 112.29
7/27/2005 501947 58.58
7/27/2005 501949 74.27
7/27/2005 501950 164.15
7/28/2005 501951 248.46
7/28/2005 501952 790.00
7/28/2005 501954 541.72
7/28/2005 501959 17,140.57
7/28/2005 501960 122.17
7/28/2005 501961 574.08
7/28/2005 501962 66.58
7/28/2005 501963 82.99
7/28/2005 501964 1,161.27
7/28/2005 501965 133.60
7/28/2005 501966 693.00
7/28/2005 501967 174.84
7/28/2005 501968 42,766.26
7/28/2005 501969 14,984.96
7/28/2005 501970 14,360.50
7/28/2005 501972 43.53
7/28/2005 501973 741.02
7/28/2005 501974 37.61
7/28/2005 501975 372.35
7/28/2005 501976 4,758.48
7/28/2005 501977 616.08
7/28/2005 501978 43.87
7/28/2005 501979 133.60
7/28/2005 501980 2,177.28
7/28/2005 501981 8,942.90
7/28/2005 501982 4,490.71
7/28/2005 501983 1,252.32
7/28/2005 501984 2,120.00
7/28/2005 501985 50.54
7/28/2005 501986 733.80
7/28/2005 501987 232.25
7/28/2005 501988 113.75
7/28/2005 501989 147.00
7/28/2005 501990 1,012.50
7/28/2005 501991 130.40
7/28/2005 501992 30,806.55
7/28/2005 501993 576.82
7/28/2005 501994 178.00
7/28/2005 501995 208.48
7/28/2005 501996 4,595.63
7/28/2005 501997 6,185.01
7/28/2005 501998 1,198.96
7/28/2005 501999 5,992.51
7/28/2005 502000 1,471.12
7/28/2005 502001 235.63
7/28/2005 502002 29,137.00
7/28/2005 502003 253.00
7/28/2005 502004 28.71
7/28/2005 502005 288.82
7/28/2005 502006 683.76
7/28/2005 502007 210.60
7/28/2005 502008 1,844.31
7/28/2005 502009 116.30
7/28/2005 502010 881.28
7/28/2005 502011 34.62
7/28/2005 502012 1,548.00
7/28/2005 502013 563.57
7/28/2005 502014 990.58
7/28/2005 502015 93.29
7/28/2005 502016 440.00
7/28/2005 502017 2,768.16
7/28/2005 502018 579.24
7/28/2005 502019 49,807.00
7/28/2005 502020 150.00
7/28/2005 502021 20.00
7/28/2005 502022 11,309.99
7/28/2005 502023 157.44
7/28/2005 502024 2,539.30
7/28/2005 502025 675.91
7/28/2005 502026 140.15
7/28/2005 502027 539.00
7/28/2005 502028 129.27
7/28/2005 502029 3,347.04
7/28/2005 502030 2,720.00
7/28/2005 502031 935.70
7/28/2005 502032 519.85
7/28/2005 502033 754.00
7/28/2005 502034 338.70
7/28/2005 502035 918.00
7/28/2005 502036 883.86
7/28/2005 502037 469.20
7/28/2005 502038 2,147.02
7/28/2005 502039 838.55
7/28/2005 502040 516.83
7/28/2005 502041 131.54
7/28/2005 502042 1,200.00
7/28/2005 502043 449.38
7/28/2005 502044 1,794.90
7/28/2005 502045 2,830.13
7/28/2005 502046 44.89
7/28/2005 502047 1,175.95
7/28/2005 502048 6,314.10
7/28/2005 502049 23,366.95
7/28/2005 502050 334.10
7/28/2005 502051 50.00
7/28/2005 502052 501.74
7/28/2005 502053 57.20
7/28/2005 502054 1,900.00
7/28/2005 502055 6,925.78
7/28/2005 502056 550.30
7/28/2005 502057 3,923.20
7/28/2005 502058 7,254.49
7/28/2005 502059 1,815.75
7/28/2005 502060 480.77
7/28/2005 502061 796.20
7/28/2005 502062 788.67
7/28/2005 502064 2,649.96
7/28/2005 502065 100.00
7/28/2005 502066 50.00
7/28/2005 502068 320.98
7/28/2005 502069 470.00
7/28/2005 502070 50.50
7/29/2005 502071 198.93
7/29/2005 502072 471.17
7/29/2005 502073 317.25
7/29/2005 502074 394.94
7/29/2005 502075 7,864.67
7/29/2005 502076 1,248.66
7/29/2005 502077 7,758.00
7/29/2005 502078 153.60
$391,500.98
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JULY 31, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: TOOL PRODUCTS, INC. Capacity: ___ Shareholder
Case Number: 04-67610 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
_______ _______
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $0
Dated: AUGUST 22, 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
& 6/22/05-12/22/05
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 JULY 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67614
) Chapter 11
) Judge: Marci B. McIvor
WAGNER CASTINGS CO. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting
of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach writtenexplanation)
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: AUGUST 22, 2005 Robert E. Belts
--------------------------------------------
Debtor In Possession
Chief Financial Officer (248) 952-2500
----------------------- -------------------
Title Phone
Intermet Corp. and Subsidiaries
Operating Statement
For the Month Ended 7-31-05
($000's)
CASE #04-67614
WAGNER
CASTINGS
------------------------------------------
Current Month Total Since Filing
----------------- ------------------
Net Sales 3,332 50,939
Cost of Goods Sold
Materials and Freight (217) 9,924
Wages - Hourly 460 7,171
Wages-Salary 248 3,455
Employee Benefits and Pension 867 11,664
Repairs & Maintenance 166 2,360
Supplies 214 2,776
Utilities 443 4,052
Purchased Components/Services 414 7,632
Income(loss) from Pattern Sales - (85)
Fixed Asset - (gain/loss) 83 -
MIS Expense 39 436
Travel & Entertainment 1 28
Other Variable Costs 17 483
Depreciation & Amortization 181 2,202
Other Allocated Fixed Costs - (5)
Other Fixed Costs 120 1,605
----------- -----------
Cost of Goods Sold 3,036 53,698
Gross Profit 296 (2,759)
Plant SG&A Expense 10 170
SG&A Expense - Allocation (Sched 1) 191 1,868
Other Operating Expenses 1,752 5,738
----------- -----------
Total Operating Expenses 1,953 7,776
Operating Profit (1,657) (10,535)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) (126) (965)
Charges (From) Affiliates - -
Charges To Affiliates - -
Gain/(Loss) On Sales Of Assets 83 83
Outside Dividend Income - -
Foreign Exchange Gain/(Loss) - -
Income/Loss From European Operations - -
Other Income/(Expense) - (2)
----------- -----------
Total Non-Operating Expenses (43) (884)
Income Before Income Taxes (1,700) (11,419)
Income Tax Expense - -
----------- -----------
Net Income (1,700) (11,419)
=========== ===========
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs July
(Allocation of Corporate Costs to Filing Entities)
(000's)
July
----------------
Officer Compensation $ 189
Salary Expense other Employees 968
Employee Benefits and Pension 108
Payroll Taxes 53
Other Taxes 3
Rent and Lease Expense 186
Interest Expense
Insurance 54
Automobile and Truck Expense 12
Utilities(Gas Electric,Phone) 41
Depreciation 93
Travel and Entertainment 78
Repairs and Maintenance 48
Advertising/Promotion 7
Supplies, Office Expense 17
OTHER:
Contributions 4
Professional Fees - Audit/Tax 350
Bank Fees 24
Public Reporting Fees 15
Employee Relocation/Training 41
Data Processing 23
Dues and Subscriptions 15
Outside Services 83
Project Development Costs net of Billings 114
Director Fees 25
Miscellaneous 2
Legal Fees 4
Cost Allocation - Europe (78)
Cost Allocation - Out (168)
---------------
$ 2,309
===============
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 656
---------------
Total $2,309
===============
Intermet Corp and Subsidiaries
Balance Sheet as of 07-31-05
($000's)
CASE #04-67614
--------------
WAGNER
CASTINGS
--------------
Cash And Equivalents $ 33
Accounts Receivable 6,604
Short-Term Intercompany Receivables 6
Inventories 7,082
Other Current Assets 437
--------
TOTAL CURRENT ASSETS 14,162
Land and Buildings 2,412
Machinery & Equipment 57,430
Construction In Progress 782
--------
Total Fixed Assets 60,624
Accumulated Depreciation (53,038)
--------
NET FIXED ASSETS 7,586
Investment In Subsidiaries -
Investment In European Operations -
Long-Term Intercompany Receivables -
Deferred Taxes, Long-Term Asset -
Other Assets 122
--------
TOTAL ASSETS $ 21,870
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 1,149
Wages and Salaries (See schedule) 1,392
Taxes Payable - (See schedule) 68
--------
TOTAL POST PETITION LIABILITIES 2,609
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. 1,175
Accrued Payroll 13
Accrued Payroll Taxes -
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 1,223
UNSECURED LIABILITIES
Accounts Payable 6,291
Senior & IDR Bonds -
--------
TOTAL UNSECURED LIABILITIES 6,291
OTHER LIABILITIES
Accrued Liabilities 1,718
Short-Term Intercompany Payables 74
Retirement Benefits 949
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities -
Long-Term Intercompany Payables 3,680
Minority Interest -
--------
TOTAL LIABILITIES 16,544
Common Stock -
Capital In Excess Of Par Value 17,027
Retained Earnings - Prepetition (282)
Retained Earnings - Post Petition (11,419)
Equity In European Operations
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
--------
TOTAL SHAREHOLDER EQUITY 5,326
--------
TOTAL LIABILITIES AND EQUITY $ 21,870
========
PERIOD ENDED: 07-31-05 WAGNER CASTINGS COMPANY CASE #04-67614
--------------
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
06-30-05 Withheld Deposits 07-31-05
---------- --------- ---------- --------
Income tax withheld: Federal - ($ 143,759) $ 76,218 ($ 67,541)
Income tax withheld: State - ($ 20,973) $ 20,973 $ 0
Income tax withheld: Local 0 0 0 0
FICA Withheld (567) (74) 151 (2,043)
Employers FICA (14,004) 0 0 (14,004)
Unemployment Tax: Federal (82) (74) 151 (5)
Unemployment Tax: State (2,248) (871) 2,711 (408)
All Other Payroll W/H (7,568) (56,038) 58,237 (5,368)
State Taxes: Inc./Sales/Use/Excise (4) 4 (50) (50)
Property Taxes (31,458) (6,000) 0 (37,458)
Workers Compensation (7,147) 26,748 38,939 58,540
--------- ----------- -------- -----------
Total ($ 63,078) ($ 201,036) $197,329 ($ 68,338)
Wages and Salaries (497,624) (1,403,067) 508,266 (1,392,426)
--------- ----------- -------- -----------
Grand Total ($560,701) ($1,604,104) $705,595 ($1,460,763)
========= =========== ======== ===========
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 $1,149,463 $1,139,173 $ 10,290 $ 0
Accounts Receivable -Pre & Post $7,938,927 $5,304,799 $1,067,148 $1,566,980
INTERMET CORPORATION AND SUBSIDIARIES
Cash Activity Analysis: MONTHLY CASH STATEMENT
Month Ended 7/31/2005
CASE # 04-67614
WAGNER CASTINGS (DECATUR)
--------------------------------------------------------------------
ACCOUNT TYPE DEPOSIT AP PR (HOURLY) PR (SALARY)
ACCOUNT # 5401086433 2770716518 2770716500 2770716666
BANK Stan. Fed. Stan. Fed. Stan. Fed. Stan. Fed.
BEGINNING BANK BALANCE - - - -
RECEIPTS 4,225,541 - - -
TRANSFERS IN (CORPORATE) - 1,589,151 190,790 1,016
DISBURSEMENTS - (1,589,151) (190,790) (1,016)
TRANSFERS OUT (CORPORATE) (4,225,541) - - -
--------------------------------------------------------------------
ENDING BANK BALANCE - - - -
MATERIALS & OTHER DISBURSEMENTS PAID FOR BY CORPORATE 1,032,506
CHECKS ISSUED 1,660,238
PAYROLL DISBURSED (INCLUDES PAYROLL PAID BY CORPORATE) 1,016,509
CORPORATE DEBIT MEMOS 642
------------
TOTAL DISBURSEMENTS (SEE TOTAL DISBURSEMENTS RECONCILIATION) $ 3,709,895
============
OUTSTANDING CHECKS AS OF JUNE 30 289,845
VOIDED CHECKS OUTSTANDING AS OF JUNE 30 (688)
CHECKS ISSUED DURING JULY 1,660,238
CHECKS CLEARED DURING JULY (1,589,151)
------------
OUTSTANDING CHECKS AS OF JULY 31 (SEE OUTSTANDING CHECKLIST) $ 360,244
============
WAGNER CASTINGS, INC. CASE NO. 04-67614
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
- ---------------------------------------
ABB INC $ 3,522.00
ACCOUNTEMPS 7,313.20
ADA JACKSON 440.00
ADECCO 1,663.20
ADVANCE AMERICA 20.01
ADVANCED CARBIDE TOOL 1,066.35
AETNA US HEALTHCARE 17,999.05
AIR LIQUIED INDUSTRIAL US LP 4,066.93
ALLIED MINERAL PRODUCTS INC 12,999.80
AMERENIP 269,590.68
AMERICAN NDT 2,100.00
AMERICASH LOANS LLC 223.07
ARAMARK UNIFORM SERVICES INC 3,608.89
ARCH WIRELESS 866.93
ARCHIE JOHNSON 440.00
AREA WIDE REPORTING SERVICE 272.66
ARTHUR G BYRNE CO INC 4,213.98
ASSOCIATED ANES OF DECATUR 585.00
AT&T 52.34
AT&T 1,162.69
BARBARA LEE 440.00
BARR & BARR 237.35
BEARING DISTRIBUTORS INC 6,628.79
BENTONITE PERFORMANCE MINERALS 98,000.00
BETTY HAMILTON 440.00
BILLY SHINGLETON AND 9,819.74
BLACK & CO #11 4,343.16
BODINE ELECTRIC OF DECATUR 131.00
BODINE ENVIRONMENTAL SERVICE 1,471.44
BODINE SERVICES INC 8,707.90
BOULEVARD PROPERTIES LLC 856.25
BOWMAN HEINTZ BOSCIA & VICIAN 357.40
BRUECHERT, PAUL 94.88
BUEL COLE 440.00
BUSCHE ENTERPRISE DIVN INC 291,969.89
C A PICARD SURFACE ENG INC 12,750.00
C C FIRE EQUIPMENT CO INC 1,300.70
CABS R US INC 9.00
CARRIER VIBRATING EQUIPMENT 832.00
CATTRON THEIMEG INC 2,308.10
CC METALS AND ALLOYS INC 21,755.50
CENTRAL TRANSPORT 1,399.18
CHAD HILLIGOSS 300.00
CHAMPION CHISEL WORKS INC 3,261.84
CHARLES BEDFORD OD/DEC EYECARE 338.60
CHARLES GRAVES 8,000.00
CHRIS INCORPORATED 750.00
CITY OF DECATUR 16,430.72
CLIMATE CONTROL 64,280.55
COLUMBUS MCKINNON CORP 1,863.58
CONNOR CO 1,173.62
CONTINENTAL CARBONIC PROD INC 307.71
CONWAY CENTRAL EXPRESS 594.61
CRESCENT BEARING & SUPPLY INC 40.20
CRI RECYCLING 403.00
CROWN PACKAGING CORP 9,720.00
DAMON LEE 440.00
DAUBER COMPANY 44,150.40
DAVID RIGHTNOWAR 440.00
DE LAGE LANDEN FIN SERVICES 1,965.00
DECATUR BOLT CO INC 324.73
DECATUR EMERG MEDICAL SERV 294.00
DECATUR INDUSTRIAL ELECTRIC 869.18
DECATUR MACHINE & TOOL CO 780.00
DECATUR MDICAL DENTAL CR UNION 1,108.70
DECATUR MEMORIAL HOSPITAL 5,059.18
DECATUR PAYROLL (INCLUDES DISB BY CORP) 1,016,508.82
DECATUR RADIOLOGY PHYS SC 29.00
DHL EXPRESS 36.71
DIDION INTERNATIONAL INC 255.60
DISA INDUSTRIES INC 10,819.70
DONNELLY AUTOMOTIVE MACH INC 257.14
DORSEY PIRTLE 440.00
DYNAMIC AIR INC 266.10
ELECTRO-NITE CO 1,288.40
WAGNER CASTINGS, INC. CASE NO. 04-67614
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
- ---------------------------------------
ELKEM METALS INC 94,950.00
ENBRIDGE GAS SERVICES 46,319.83
ENGLEWOOD ELECTRIC 246.20
ENTERPRISE GROUP 13.48
FAIRMONT MINERALS 4,975.75
FAMILY SUPPORT PAYMENT CENTER 371.35
FEDEX 46.65
FIVE MORRS 159.00
FOREMOST ELECT AND TRANS INC 66.00
FRANK REED 440.00
FRISBY PMC 110,113.98
G E CAPITAL 2,017.49
G G BARNETT TRANSPORT INC 1,106.03
G S ROBINS & CO 363.28
GARD SPECIALISTS CO INC 568.51
GE CAPITAL 642.02
GE INSPECTION TECHNOLOGIES 706.61
GENERAL KINEMATICS CORP 450.00
GERDAU AMERISTEEL 9,769.25
GLENN ZILLS 640.00
GRAINGER INC 297.52
GULLY TRANSPORTATION 3,710.15
HA INTERNATIONAL LLC 26,036.56
HAGERTY BROTHERS CO 4,144.87
HARBOR FREIGHT TOOLS 161.66
HARRY BOND 440.00
HARRY E HILLS & ASSOC 5,439.55
HAWTHORN IND/JAMES J MAY 293.94
HILLS SPORTS MEDICINE 2,059.00
HI-TEMP INC 305.28
HOLTGRIEVE & CO 7,821.52
HTE TECH 36.80
ILL STUDENT ASSISTANCE COMM 380.27
ILLINOIS DEPT OF REVENUE 153.45
INDUSTRIAL PROCESS EQUIPMENT 609.48
INSIGHT 130.67
INTERMEC TECHNOLOGIES CORP 1,552.00
INTERNAL REVENUE SERVICE 400.00
IVORY CURRY 440.00
J C JELKS 440.00
J W ASSOCIATES INC 56.14
J.D. FINLEY 440.00
JAMES GAVIN 440.00
JAMES GREEN 440.00
JAMES JONES 669.16
JAMES REED 440.00
JERRY SHERWOOD 440.00
JESSE WHITE SEC OF STATE 1,246.00
JMS HAND ASSOCIATES S.C. 2,573.00
JOHN C KEFALAS MDSC 72.90
JOHN H GERMERAAD - TRUSTEE 2,207.68
JOHN HENRY FOSTER CO 465.53
JOHN MULLINS AND 3,169.23
JOHN TYSON AND 250.00
JOSLYN MFG & SUPPLY CO 5,477.94
KANSAS PAYMENT CENTER 346.15
KEN BUCKELY 1,363.90
KENNETH E PRATT AND 10,000.00
KENNETH H SWICK 455.76
KENT RUDBECK 300.00
KINDT-COLLINS CO 189.57
KING-LAR CO 14,366.41
KIRBY RISK CORP 2,028.16
KRAUTKRAMER BRANSON 1,359.86
L & N INDUSTRIES INC 5,948.53
LAND OF LINCOLN CREDIT UNION 35,056.43
LARPEN METALLURGICAL SERVICE 18,246.24
LARRY BONNELL 440.00
LARRY HAYES 440.00
LARRY TURPIN AND 5,000.00
LEVOY REED 440.00
LINCO REFRACTORY SUPPLY INC 8,124.00
LOCAL #6-728 PACE 5,717.72
LOUIS THOMAS 440.00
LYNN ZASADA 440.00
M H EQUIPMENT 195.66
WAGNER CASTINGS, INC. CASE NO. 04-67614
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
- ---------------------------------------
M H EQUIPMENT CORP 1,371.36
MAC EQUIPMENT INC 2,432.00
MACIOROWSKI SACKMANN & ULRICH 588.75
MADI CORP 7,219.74
MANCINOS 125.62
MARJO PLASTICS CO 245.43
MARSHALL F BRUSTEIN 3,120.00
MARTIN BROS CONTAINER & 15,393.60
MARVIN BRANDT 440.00
MARVIN KELLER TRUCKING 400.00
MCMASTER-CARR SUPPLY CO 916.00
METOKOTE CORP 17,016.21
METTAM SAFETY SUPPLY 214.00
MIDWEST CREDIT & COLLECTION 1,868.00
MISC--PROFIT SHARING (840.00)
MISSOURI REFRACTORIES CO INC 7,660.00
MORGAN DISTRIBUTING INC 1,449.54
MORGAN EXPRESS INC 54,463.55
NATIONAL CITY 95.00
NATIONAL CITY BANK 34,534.31
NDS PRODUCTS 199.61
NOBLE SALES INC 3,963.70
OMNISOURCE FT WAYNE FERR DIV 533,548.03
ONYX WASTE SERVICES MIDWEST 43,115.08
PECHINEY WORLD TRADE 32,540.19
PEERLESS METAL POWDERS 29,436.00
PERFECT WINDOW CLEANERS 2,419.42
PERFECTION SERVO HYDRAULIC 1,165.00
PHILLIP DANNEWITZ 440.00
PIONEER INDUSTRIAL CORP 387.53
POWER SUPPLY OF ILLINOIS 135.50
PRAIRIE IDEALEASE 1,449.00
PRIMETRADE 161,352.62
PROCESS EQUIPMENT & CONTROLS 1,251.12
PRODUCT ACTION 1,042.63
PROVIDENT LIFE 88.54
REGIONS MORGAN KEEGAN TRUST 5,300.00
RENEE HADDEN 236.03
RENTAL SERVICE CORP 1,368.41
RICHARD COLE 440.00
RICK WALLACE 603.57
ROBERTS SINTO CORP 3,552.50
ROLAND MABRY 440.00
RTS TRANSFORMER INC 41,700.00
S J SMITH WELDING SUPPLY 14,257.91
SAFETY SHOE DISTRIBUTORS 97.19
SAFETY-KLEEN CORP 28,022.11
SAFEWORKS 658.40
SAFEWORKS DECATUR 483.00
SAFEWORKS-IL OF COLES COUNTY 3,665.15
SAINT GOBAIN ABRASIVES 548.39
SBC 1,463.21
SECURITAS SEC SVCS USA INC 8,031.47
SHERRI GRIMES 2,917.69
SIEMENS ENERGY & AUTOMATION 242.10
SIMPSON TECH 597.00
SIMPSON TECHNOLOGIES 13,478.00
SPECTRO ANALYTICAL INSTRMNTS 704.00
SPRINGFIELD ELECTRIC 12,112.70
STAR CATERING 160.88
STEPHEN GOULD OF INDIANA INC 9,988.60
STERICYCLE INC 229.18
STEVEN STANLEY 121.25
STONE CONTAINER CORP 22,008.97
STRIGLOS OFFICE EQUIPMENT 759.26
SUNBELT RENTALS 4,231.50
THOMAS H BOWDRE 440.00
TORUS MACHINING 16,690.50
TRACY CAUSEY 71.59
TRANSMAN 41,869.62
TYCO VALVES AND CONTROLS 54.25
TYDUS GREEN 440.00
U S DEPARTMENT OF EDUCATION 668.94
U S HARDWOOD PRODUCTS 24,672.24
U S POSTAL SERVICE 1,412.00
UNION PLANTERS TRUST & INVEST 100.00
WAGNER CASTINGS, INC. CASE NO. 04-67614
CASH DISBURSEMENTS
JULY 2005
VENDOR TOTAL DISBURSEMENTS
- ---------------------------------------
UNITED WAY OF DEC & MID-IL 1,111.00
USW-728 9,339.98
VERIZON WIRELESS 867.25
VESUVIUS USA 4,608.00
WALGREENS TREASURE DEPARTMENT 26.99
WALZ EQUIPMENT 2,328.75
WARD NORTH AMERICA INC 249.00
WASTE MANAGEMENT OF DECATUR 336.00
WATTS COPY SYSTEMS INC 710.66
WHEELABRATOR 846.33
WI SCTF 576.00
WILLIAM A KIBBE & ASSOC INC 1,710.00
WILLIAM WALKER 440.00
WILLIE LEE GREEN 440.00
WORLD FINANCE CORP 207.90
WORLDWIDE FILTER 6,472.35
X-R-I TESTING DIV 5,962.75
ZEP MFG CO 176.88
-------------------
$ 3,709,894.80
DECATUR
CASE # 04-67614
AT 7/31/05
DECATUR - BANK RECONCILIATION
Bank Balance $ -
Actual Outstanding Checks 360,243.87
Actual Outstanding Payroll Checks 50,734.70
-----------
410,978.57
Unadjusted GL Balance 410,978.57
-----------
Difference $ -
===========
DECATUR
OUTSTANDING CHECKS
CASE # 04-67614
DATE CHECK OUTSTANDING
12/2/2004 116677 $ 6,798.97
2/3/2005 118066 187.28
1/31/2005 119539 3,128.97
7/15/2005 119624 25,000.00
6/3/2005 121363 41.06
6/15/2005 121618 5,000.00
6/15/2005 121624 2,004.68
6/22/2005 121711 1,776.00
7/5/2005 121973 5,514.22
7/6/2005 122000 1,399.18
7/13/2005 122143 20.77
7/13/2005 122159 5,000.00
7/15/2005 122184 199.40
7/15/2005 122191 780.00
7/15/2005 122196 360.45
7/15/2005 122215 37.69
7/18/2005 122230 321.03
7/18/2005 122237 75.31
7/18/2005 122241 3,169.23
7/18/2005 122249 787.50
7/18/2005 122251 5,231.41
7/20/2005 122263 676.80
7/20/2005 122265 4,213.98
7/20/2005 122266 137.40
7/20/2005 122271 1,173.62
7/20/2005 122278 56.14
7/20/2005 122289 6,605.36
7/20/2005 122296 4,108.00
7/20/2005 122299 311.00
7/22/2005 122308 1,633.49
7/22/2005 122310 277.30
7/22/2005 122312 85.04
7/22/2005 122313 3,291.50
7/22/2005 122314 594.61
7/22/2005 122316 5,565.70
7/22/2005 122321 553.70
7/22/2005 122322 1,243.71
7/22/2005 122325 56.00
7/22/2005 122341 50.00
7/25/2005 122351 986.40
7/25/2005 122354 2,100.00
7/25/2005 122356 1,329.91
7/25/2005 122357 100.00
7/25/2005 122358 16,430.72
7/25/2005 122359 1,248.50
7/25/2005 122361 66.00
7/25/2005 122363 60.61
7/25/2005 122368 240.00
7/25/2005 122369 4,080.68
7/25/2005 122372 253.28
7/25/2005 122375 4,048.62
7/25/2005 122376 6,721.00
7/25/2005 122377 5,231.41
7/27/2005 122387 58.54
7/27/2005 122388 5,501.61
7/27/2005 122389 6,000.00
7/27/2005 122390 2,308.10
7/27/2005 122392 5,562.07
7/27/2005 122393 102.57
7/27/2005 122394 14,716.80
7/27/2005 122395 36.71
7/27/2005 122396 266.10
7/27/2005 122397 73.27
7/27/2005 122398 46.65
7/27/2005 122399 2,057.93
7/27/2005 122400 744.00
7/27/2005 122404 69.23
7/27/2005 122406 650.56
7/27/2005 122410 1,042.63
7/27/2005 122411 1,463.91
7/27/2005 122412 492.80
7/27/2005 122413 75.90
7/27/2005 122414 556.80
7/27/2005 122416 1,209.00
7/27/2005 122417 3,164.16
7/27/2005 122418 1,000.00
7/27/2005 122419 133.50
7/27/2005 122420 4.49
7/27/2005 122421 95.00
7/27/2005 122424 32,857.14
7/29/2005 122431 6,604.40
7/29/2005 122432 1,578.05
7/29/2005 122433 4,909.87
7/29/2005 122434 531.44
7/29/2005 122435 19,250.20
7/29/2005 122436 2,112.72
7/29/2005 122437 9,073.23
7/29/2005 122438 6,549.48
7/29/2005 122439 568.51
7/29/2005 122440 5,136.80
7/29/2005 122441 305.28
7/29/2005 122442 500.00
7/29/2005 122443 1,552.00
7/29/2005 122444 180.00
7/29/2005 122445 455.76
7/29/2005 122446 4,505.24
7/29/2005 122447 1,359.86
7/29/2005 122448 8,855.50
7/29/2005 122449 5,320.80
7/29/2005 122450 464.68
7/29/2005 122451 125.62
7/29/2005 122452 75.00
7/29/2005 122454 13,104.03
7/29/2005 122455 124.21
7/29/2005 122456 272.02
7/29/2005 122457 632.14
7/29/2005 122458 39.96
7/29/2005 122459 840.00
7/29/2005 122460 704.00
7/29/2005 122461 330.28
7/29/2005 122462 1,649.52
7/29/2005 122463 9,339.98
7/28/2005 129000 32,540.19
$ 360,243.87
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JULY 31, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: WAGNER CASTINGS CO. Capacity: ___ Shareholder
Case Number: 04-67614 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED
AT INTERMET CORPORATION. PLEASE SEE INTERMET CORPORATION
(CASE #04-67597) FOR ALL INSIDER COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
_______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance _______ _______
Life Insurance _______ _______
Retirement _______ _______
Company Vehicle _______ _______
Entertainment _______ _______
Travel _______ _______
Other Benefits _______ _______
Total Benefits _______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid _______ _______
Loans _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Other (Describe) _______ _______
Total Other Payments _______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
_______ $0
Dated: AUGUST 22, 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
& 6/22/05-12/22/05
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 JULY 31, 2005:
IN RE: )
INTERMET CORPORATION, ET AL ) CASE NO: 04-67611
) Chapter 11
) Judge: Marci B. McIvor
WAGNER HAVANA, INC. )
Debtor )
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
[X] Operating Statement (Form 2)
[X] Balance Sheet (Form 3)
[X] Summary of Operations (Form 4)
[X] Monthly Cash Statement (Form 5)
[X] Statement of Compensation (Form 6)
[X] Schedule of In-Force Insurance (Form 7)
and that they have been prepared in accordance with normal and customary
accounting practices, and fairly and accurately reflect the debtor's financial
activity for the period stated;
2. That the insurance, including workers' compensation and unemployment
insurance, as described in Section 5 of the Operating Instructions and Reporting
Requirements For Chapter 11 Cases is in effect; and,
(if not, attach written explanation)
YES [X] NO [ ]
3. That all post-petition taxes as described in Section 9 of the Operating
Instructions and Reporting Requirements For Chapter 11 cases are current.
(If not, attach written explanation)
YES [X] NO [ ]
4. No professional fees (attorney, accountant, etc.) have been paid without
specific court authorization.
(If not, attach a written explanation)
YES [X] NO [ ]
5. All United States Trustee Quarterly fees have been paid and are current
YES [X] NO [ ]
6. Have you filed your pre-petition tax returns.
(If not, attach a written explanation)
YES [X] NO [ ]
I hereby certify, under penalty of perjury, that the information provided above
is true and correct to the best of my information and belief.
Dated: AUGUST 22, 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 7-31-05
($000's)
CASE #04-67611
WAGNER
HAVANA
----------------------------------------
Current Month Total Since Filing
------------- ------------------
Net Sales - -
Cost of Goods Sold
Materials and Freight - -
Wages - Hourly - -
Wages-Salary - -
Employee Benefits and Pension 48 502
Repairs & Maintenance - -
Supplies - 50
Utilities 8 53
Purchased Components/Services - (1)
Income(loss) from Pattern Sales - -
Fixed Asset - (gain/loss) - -
MIS Expense - 1
Travel & Entertainment - -
Other Variable Costs 1 84
Depreciation & Amortization - -
Other Allocated Fixed Costs - -
Other Fixed Costs 16 207
--- ------
Cost of Goods Sold 73 896
Gross Profit (73) (896)
Plant SG&A Expense - -
SG&A Expense - Allocation (Sched 1) - -
Other Operating Expenses - 4,895
--- ------
Total Operating Expenses - 4,895
Operating Profit (73) (5,791)
Outside Interest Income - -
Outside Interest (Expense) - -
Intercompany Interest Income - -
Intercompany Interest (Expense) - (5)
Charges (From) Affiliates - -
Charges To Affiliates - -
Gain/(Loss) On Sales Of Assets - -
Outside Dividend Income - -
Foreign Exchange Gain/(Loss) - -
Income/Loss From European Operations - -
Other Income/(Expense) - 232
--- ------
Total Non-Operating Expenses - 227
Income Before Income Taxes (73) (5,564)
Income Tax Expense - -
-
--- ------
Net Income (73) (5,564)
=== ======
Intermet Corp and Subsidiaries Schedule 1
Corporate Selling, General and Administrative Costs July
(Allocation of Corporate Costs to Filing Entities)
(000's)
July
------
Officer Compensation $ 189
Salary Expense other Employees 968
Employee Benefits and Pension 108
Payroll Taxes 53
Other Taxes 3
Rent and Lease Expense 186
Interest Expense
Insurance 54
Automobile and Truck Expense 12
Utilities(Gas Electric,Phone) 41
Depreciation 93
Travel and Entertainment 78
Repairs and Maintenance 48
Advertising/Promotion 7
Supplies, Office Expense 17
OTHER:
Contributions 4
Professional Fees - Audit/Tax 350
Bank Fees 24
Public Reporting Fees 15
Employee Relocation/Training 41
Data Processing 23
Dues and Subscriptions 15
Outside Services 83
Project Development Costs net of Billings 114
Director Fees 25
Miscellaneous 2
Legal Fees 4
Cost Allocation - Europe (78)
Cost Allocation - Out (168)
------
$2,309
======
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 656
------
Total $2,309
======
Intermet Corp and Subsidiaries
Balance Sheet as of 07-31-05
($000's)
CASE #04-67611
--------------
WAGNER
HAVANA
--------------
Cash And Equivalents $ -
Accounts Receivable -
Short-Term Intercompany Receivables -
Inventories 188
Other Current Assets -
--------
TOTAL CURRENT ASSETS 188
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 $ 2,613
========
LIABILITIES AND SHAREHOLDER EQUITY
POST PETITION LIABILITIES
Accounts Payable $ 7
Wages and Salaries (See schedule) -
Taxes Payable - (See schedule) 90
--------
TOTAL POST PETITION LIABILITIES 97
SECURED LIABILITIES:
SECURED DEBT -
PRE-PETITION LIABILITIES:
Taxes and Other Priority Liabilities:
Accrued Income Taxes -
Accrued Tax - State -
Accrued Property Taxes -
Accrued Workers Comp. 466
Accrued Payroll -
Accrued Payroll Taxes -
--------
TOTAL TAXES AND OTHER PRIORITY LIABILITIES 466
UNSECURED LIABILITIES
Accounts Payable 179
Senior & IDR Bonds -
--------
TOTAL UNSECURED LIABILITIES 179
OTHER LIABILITIES
Accrued Liabilities 6
Short-Term Intercompany Payables -
Retirement Benefits -
Deferred Taxes - Long-Term Liability -
Other Long-Term Liabilities -
Long-Term Intercompany Payables 7,861
Minority Interest -
--------
TOTAL LIABILITIES 8,609
Common Stock -
Capital In Excess Of Par Value 9,349
Retained Earnings - Prepetition (9,781)
Retained Earnings - Post Petition (5,564)
Equity In European Operations
Accumulated Translation Adjustment -
Minimum Pension Liability Adjustment -
Unearned Restricted Stock -
--------
TOTAL SHAREHOLDER EQUITY (5,996)
--------
TOTAL LIABILITIES AND EQUITY $ 2,613
========
PERIOD ENDED: 07-31-05 WAGNER HAVANA CASE #04-67611
SCHEDULE OF POST-PETITION TAX LIABILITY
Balance Balance
as of Accrued / Payments / as of
6/30/2005 Withheld Deposits 7/31/2005
---------------------------------------------------------------
Income tax withheld: Federal $ 0 $ 0 $ 0 $ 0
Income tax withheld: State 0 0 0 0
Income tax withheld: Local 0 0 0 0
FICA Withheld 0 0 0 0
Employers FICA 0 0 0 0
Unemployment Tax: Federal 0 0 0 0
Unemployment Tax: State 0 0 0 0
All Other Payroll W/H 0 0 0 0
State Taxes: Inc./Sales/Use/Excise 0 0 0 0
Property Taxes (82,829) (7,015) 0 (89,844)
Workers Compensation 0 0 0 0
---------------------------------------------------------------
Total ($ 82,829) ($ 7,015) $ 0 ($ 89,844)
Wages and Salaries 0 0 0 0
---------------------------------------------------------------
Grand Total ($ 82,829) ($ 7,015) $ 0 ($ 89,844)
===============================================================
Aging of Accounts Receivable
and Post Petition Accounts Payable
Age in Days (Post Petiition) Total 0-30 Days 30-60 Days Over 60 Days
Accounts Payable $ 7,023 $ 7,023 $ 0 $ 0
Accounts Receivable $ 0 $ 0 $ 0 $ 0
INTERMET CORPORATION AND SUBSIDIARIES
CASH ACTIVITY ANALYSIS: MONTHLY CASH STATEMENT
MONTH ENDED 7/31/2005
CASE # 04-67611
WAGNER HAVANA
---------------
TOTAL DISBURSEMENTS (CORPORATE DEBIT MEMOS) $ 13,206
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
JULY 2005
VENDOR TOTAL DISBURSEMENTS
- --------------------------------------------------------------------
AmerenCIPS $ 632.35
Bodine Electric 3,500.00
City of Havana 9.42
Kevin Stewart 555.00
Securitas 8,509.68
-
-----------
$ 13,206.45
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
Period Ending: JULY 31, 2005
The following information is to be provided for each shareholder, officer,
director, manager, insider, or owner that is employed by the debtor in
possession. (Attach additional pages if necessary.)
Name: WAGNER HAVANA, INC. Capacity: ___ Shareholder
Case Number: 04-67611 ___ Officer
___ Director
___ Insider
MANAGEMENT AND OTHER INSIDER COMPENSATION ARE MAINTAINED AT INTERMET
CORPORATION. PLEASE SEE INTERMET CORPORATION (CASE #04-67597) FOR ALL INSIDER
COMPENSATION/PAYMENTS.
CURRENT COMPENSATION PAID: Weekly or Monthly
______ _______
CURRENT BENEFITS PAID: Weekly or Monthly
Health Insurance ______ _______
Life Insurance ______ _______
Retirement ______ _______
Company Vehicle ______ _______
Entertainment ______ _______
Travel ______ _______
Other Benefits ______ _______
Total Benefits ______ _______
CURRENT OTHER BENEFITS PAID: Weekly or Monthly
Rent Paid ______ _______
Loans ______ _______
Other (Describe) ______ _______
Other (Describe) ______ _______
Other (Describe) ______ _______
Total Other Payments ______ _______
CURRENT TOTAL OF ALL PAYMENTS: Weekly or Monthly
______ $ 0
Dated: AUGUST 22, 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
& 6/22/05-12/22/05
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.