/raid1/www/Hosts/bankrupt/TCR_Public/050416.mbx
T R O U B L E D C O M P A N Y R E P O R T E R
Saturday, April 16, 2005, Vol. 9, No. 89
Headlines
ACCEPTANCE INSURANCE: Posts $54,671 Net Loss in March 2005
AMES DEPT: Monthly Operating Report for Period Ended Jan. 1, 2005
AMES DEPT: Monthly Operating Report for Period Ended Jan. 29, 2005
AMES DEPT: Monthly Operating Report for Period Ended Feb. 26, 2005
ATA AIRLINES: January 2005 Net Loss Narrows to $23.7 Million
ATA AIRLINES: Posts $23.6 Million Net Loss in February 2005
FEDERAL-MOGUL: Earns $26 Million of Net Income in February 2005
KAISER ALUMINUM: Earns $2.4 Million of Net Income in February 2005
KEYSTONE CONSOLIDATED: Posts $3.4 Million Net Loss in March 2005
MIRANT CORP: Earns $63.8 Million of Net Income in January 2005
MIRANT: MAGi Earns $42.7 Million of Net Income in January 2005
OWENS CORNING: Posts $10.8 Million Net Loss in January 2005
PARMALAT: Releases Monthly Operating Report Ended Jan. 29, 2005
PARMALAT: Releases Monthly Operating Report Ended Feb. 26, 2005
PARMALAT: Milk Products' January 2005 Monthly Operating Report
PARMALAT: Milk Products' February 2005 Monthly Operating Report
PARMALAT: Farmland Dairies' January 2005 Monthly Operating Report
PARMALAT: Farmland Dairies' February 2005 Monthly Operating Report
ROBOTIC VISION: Posts $1.7 Million Net Loss in February 2005
THAXTON GROUP: Posts $30.8 Million Net Loss in February 2005
TOWER AUTOMOTIVE: Files Schedules of Assets & Debts
TOWER AUTOMOTIVE: Allgoods USA Inc.'s Schedules of Assets & Debts
TOWER AUTOMOTIVE: Bardstown Inc.'s Schedules of Assets & Debts
TOWER AUTOMOTIVE: Bowling Green LLC's Schedules of Assets & Debts
TOWER AUTOMOTIVE: Chicago's Schedules of Assets & Debts
TOWER AUTOMOTIVE: Finance's Schedules of Assets & Debts
TOWER AUTOMOTIVE: Granite City's Schedules of Assets & Debts
TOWER AUTOMOTIVE: Granite City LLC's Schedules of Assets & Debts
TOWER AUTOMOTIVE: International's Schedules of Assets & Debts
TOWER AUTOMOTIVE: Int'l. Yorozu's Schedules of Assets & Debts
TOWER AUTOMOTIVE: Lansing's Schedules of Assets & Debts
TOWER AUTOMOTIVE: Madison's Schedules of Assets & Debts
TOWER AUTOMOTIVE: Michigan's Schedules of Assets & Debts
TOWER AUTOMOTIVE: Milwaukee's Schedules of Assets & Debts
TOWER AUTOMOTIVE: Plymouth's Schedules of Assets & Debts
TOWER AUTOMOTIVE: Products Company's Schedules of Assets & Debts
TOWER AUTOMOTIVE: Receivables Co.'s Schedules of Assets & Debts
TOWER AUTOMOTIVE: R.J. Tower's Schedules of Assets & Debts
TOWER AUTOMOTIVE: Services & Tech.'s Schedules of Assets & Debts
TOWER AUTOMOTIVE: S.R.O.'s Schedules of Assets & Debts
TOWER AUTOMOTIVE: Technology's Schedules of Assets & Debts
TOWER AUTOMOTIVE: Technology Product's Schedules of Assets & Debts
TOWER AUTOMOTIVE: Tool LLC's Schedules of Assets & Debts
TOWER AUTOMOTIVE: Tower Services' Schedules of Assets & Debts
TOWER AUTOMOTIVE: Trylon Corp.'s Schedules of Assets & Debts
TRINITY ENERGY: Releases February 2005 Operating Report
TRUMP HOTELS: THCR Holdings' Amended Schedules of Assets & Debts
TRUMP HOTELS: THCR Inc.'s Amended Schedules of Assets & Debts
TRUMP HOTELS: THCR Development's Amended Financial Schedules
TRUMP HOTELS: TAC Associates' Amended Schedules of Assets & Debts
TRUMP HOTELS: Casino Funding's Amended Schedules of Assets & Debts
TRUMP HOTELS: Casino Holdings' Amended Schedules of Assets & Debts
TRUMP HOTELS: Trump Marina's Amended Schedules of Assets & Debts
USG CORP: Earns $19.4 Million of Net Income in February 2005
WINN-DIXIE: Earns $125.8MM of Net Income for 16 Days Ended Mar. 9
WINN-DIXIE: Files Schedules of Assets & Liabilities
WINN-DIXIE: Dixie Stores Inc. Files Schedules of Assets & Debts
WINN-DIXIE: Astor Products Files Schedules of Assets & Debts
WINN-DIXIE: Montgomery Inc. Files Schedules of Assets & Debts
WINN-DIXIE: Raleigh Inc. Files Schedules of Assets & Debts
WINN-DIXIE: Supermarkets' Schedules of Assets & Liabilities
WINSTAR COMMS: Releases February 2005 Monthly Operating Report
*********
ACCEPTANCE INSURANCE: Posts $54,671 Net Loss in March 2005
----------------------------------------------------------
On April 7, 2005, Acceptance Insurance Companies Inc., filed its
monthly operating report for March 2005, with the U.S.
Bankruptcy Court for the District of Nebraska.
The Debtor reports a $54,671 net loss for March 2005.
On Mar. 31, 2005, Acceptance Insurance Companies Inc.'s balance
sheet showed:
Total Current Assets $2,839,144
Total Assets 32,891,144
Total Liabilities 138,214,395
Total Shareholders' Equity Deficit ($105,323,251)
A full-text copy of Acceptance Insurance Companies Inc.'s March
2005 Monthly Operating Report is available at no charge at:
http://www.sec.gov/Archives/edgar/data/74783/000119312505074518/dex991.htm
Headquartered in Council Bluffs, Iowa, Acceptance Insurance
Companies Inc. -- http://www.aicins.com/-- owns, either directly
or indirectly, several companies, one of which is an insurance
company that accounts for substantially all of the business
operations and assets of the corporate groups. The Company filed
for chapter 11 protection on Jan. 7, 2005 (Bankr. D. Nebr. Case
No. 05-80059). The Debtor's affiliates -- Acceptance Insurance
Services, Inc., and American Agrisurance, Inc. -- filed separate
chapter 7 petitions (Bankr. D. Nebr. Case Nos. 05-80056 & 05-
80058) on Jan. 7, 2005. John J. Jolley, Esq., at Kutak Rock LLP,
represents the Debtor in its restructuring efforts. When the
Debtor filed for protection from its creditors, it listed
$33,069,446 in total assets and $137,120,541 in total debts.
AMES DEPT: Monthly Operating Report for Period Ended Jan. 1, 2005
-----------------------------------------------------------------
Ames Department Stores, Inc., and Subsidiaries
Unaudited Consolidated Condensed Balance Sheets
At January 1, 2005
(In Thousands)
ASSETS
Current Assets:
Cash and cash equivalents $26,458
Restricted cash 59,287
Receivables 1,796
----------
Total current assets 87,541
----------
Fixed Assets -
----------
Total assets $87,541
==========
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable:
Trade $58,516
Other 13,318
----------
Total accounts payable 71,834
Self-insurance reserves 30,484
Accrued expenses 22,995
Liabilities subject to compromise 845,743
----------
Total liabilities 971,056
Stockholders' equity (deficit)
Common stock 295
Additional paid-in capital 533,393
Accumulated deficit (1,416,281)
Treasury stock (922)
----------
Total stockholders' deficit (883,515)
----------
Total liabilities and stockholders' deficit $87,541
==========
Ames Department Stores, Inc., and Subsidiaries
Unaudited Consolidated Condensed Statements of Operations
For Five Weeks Ended January 1, 2005
(In Thousands)
Total revenue $2,874
Costs and expenses
Wind down expenses and other costs 7,462
Gain on sale of fixed assets (26,250)
Professional fees 75
----------
Income before income taxes 21,587
Income tax provision -
----------
Net Income $21,587
==========
Ames Department Stores, Inc., and Subsidiaries
Unaudited Consolidated Condensed Statements of Cash Flows
For Five Weeks Ended January 1, 2005
(In Thousands)
Cash flows from operating activities:
Net income $21,587
Expenses not requiring the outlay of cash:
Gain on the sale of assets (26,250)
----------
Cash used by operations (4,663)
Changes in working capital:
Increase in receivables (712)
Decrease in accrued exp. & other liabilities (1,408)
Decrease in accounts payable (830)
Decrease in Restricted Cash 97
----------
Net cash used by operating activities (7,516)
Cash flows from financing activities:
Change in liabilities subject to compromise (2,408)
Proceeds from the sale of assets 26,250
----------
Net cash provided by financing activities 23,842
Increase in cash and cash equivalents 16,326
Cash and cash equivalents, beginning of period 10,132
----------
Cash and cash equivalents, end of period $26,458
==========
Ames Department Stores filed for chapter 11 protection on
August 20, 2001 (Bankr. S.D.N.Y. Case No. 01-42217). Albert
Togut, Esq., Frank A. Oswald, Esq. at Togut, Segal & Segal LLP
and Martin J. Bienenstock, Esq., and Warren T. Buhle, Esq., at
Weil, Gotshal & Manges LLP represent the Debtors in their
restructuring efforts. When the Company filed for protection
from their creditors, they listed $1,901,573,000 in assets and
$1,558,410,000 in liabilities. (AMES Bankruptcy News, Issue No.
66; Bankruptcy Creditors' Service, Inc., 215/945-7000)
AMES DEPT: Monthly Operating Report for Period Ended Jan. 29, 2005
------------------------------------------------------------------
Ames Department Stores, Inc., and Subsidiaries
Unaudited Consolidated Condensed Balance Sheets
At January 29, 2005
(In Thousands)
ASSETS
Current Assets:
Cash and cash equivalents $22,302
Restricted cash 59,268
Receivables 1,906
----------
Total current assets 83,476
Fixed assets -
----------
Total assets $83,476
==========
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
Accounts payable:
Trade $56,540
Other 13,303
----------
Total accounts payable 69,843
Self-insurance reserves 29,973
Accrued expenses 20,813
Liabilities subject to compromise 846,099
----------
Total liabilities 966,728
Stockholders' equity (deficit)
Common stock 295
Additional paid-in capital 533,393
Accumulated deficit (1,416,018)
Treasury stock (922)
----------
Total stockholders' deficit (883,252)
----------
Total liabilities and stockholders' deficit $83,476
==========
Ames Department Stores, Inc., and Subsidiaries
Unaudited Consolidated Condensed Statements of Operations
For Four Weeks Ended January 29, 2005
(In Thousands)
TOTAL REVENUE $333
COSTS AND EXPENSES
Wind down expenses and other costs 2,035
Write off of excess reserves (2,139)
Professional fees 175
----------
Income before income taxes 262
Income tax provision -
----------
Net Income $262
==========
Ames Department Stores, Inc., and Subsidiaries
Unaudited Consolidated Condensed Statements of Cash Flows
For Four Weeks Ended January 29, 2005
(In Thousands)
Cash flows from operating activities:
Net income $262
Expenses not requiring the outlay of cash:
Gain on the sale of assets -
----------
Cash provided by operations 262
Changes in working capital:
Increase in receivables (110)
Decrease in accrued exp. and other liabilities (2,692)
Decrease in accounts payable (1,991)
Decrease in Restricted Cash 19
----------
Net cash used by operating activities (4,512)
Cash flows from financing activities:
Change in liabilities subject to compromise 356
Proceeds from the sale of assets -
----------
Net cash provided by financing activities 356
Decrease in cash and cash equivalents (4,156)
Cash and cash equivalents, beginning of period 26,458
----------
Cash and cash equivalents, end of period $22,302
==========
Ames Department Stores filed for chapter 11 protection on
August 20, 2001 (Bankr. S.D.N.Y. Case No. 01-42217). Albert
Togut, Esq., Frank A. Oswald, Esq. at Togut, Segal & Segal LLP
and Martin J. Bienenstock, Esq., and Warren T. Buhle, Esq., at
Weil, Gotshal & Manges LLP represent the Debtors in their
restructuring efforts. When the Company filed for protection
from their creditors, they listed $1,901,573,000 in assets and
$1,558,410,000 in liabilities. (AMES Bankruptcy News, Issue No.
66; Bankruptcy Creditors' Service, Inc., 215/945-7000)
AMES DEPT: Monthly Operating Report for Period Ended Feb. 26, 2005
------------------------------------------------------------------
Ames Department Stores, Inc., and Subsidiaries
Unaudited Consolidated Condensed Balance Sheets
At February 26, 2005
(In Thousands)
ASSETS
Current Assets:
Cash and cash equivalents $20,296
Restricted cash 59,274
Receivables 1,401
----------
Total current assets 80,971
Fixed assets -
----------
Total assets $80,971
==========
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
Accounts payable:
Trade $56,247
Other 12,375
----------
Total accounts payable 68,622
Self-insurance reserves 29,685
Accrued expenses 19,910
Liabilities subject to compromise 846,185
----------
Total liabilities 964,402
Stockholders' equity (deficit)
Common stock 295
Additional paid-in capital 533,393
Accumulated deficit (1,416,197)
Treasury stock (922)
----------
Total stockholders' deficit (883,431)
----------
Total liabilities and stockholders' deficit $80,971
==========
Ames Department Stores, Inc., and Subsidiaries
Unaudited Consolidated Condensed Statements of Operations
For Four Weeks Ended February 26, 2005
(In Thousands)
Total revenue $90
Costs and expenses
Wind down expenses and other costs 144
Write off of excess reserves -
Professional fees 125
----------
Loss before income taxes (179)
Income tax provision -
----------
Net Loss ($179)
==========
Ames Department Stores, Inc., and Subsidiaries
Unaudited Consolidated Condensed Statements of Cash Flows
For Four Weeks Ended February 26, 2005
(In Thousands)
Cash flows from operating activities:
Net loss ($179)
Expenses not requiring the outlay of cash:
Gain on the sale of assets -
----------
Cash used by operations (179)
Changes in working capital:
Decrease in receivables 505
Decrease in accrued exp. and other liabilities (1,191)
Decrease in accounts payable (1,221)
Increase in Restricted Cash (6)
----------
Net cash used by operating activities (2,092)
Cash flows from financing activities:
Change in liabilities subject to compromise 86
Proceeds from the sale of assets -
----------
Net cash provided by financing activities 86
Decrease in cash and cash equivalents (2,006)
Cash and cash equivalents, beginning of period 22,302
----------
Cash and cash equivalents, end of period $20,296
==========
Ames Department Stores filed for chapter 11 protection on
August 20, 2001 (Bankr. S.D.N.Y. Case No. 01-42217). Albert
Togut, Esq., Frank A. Oswald, Esq. at Togut, Segal & Segal LLP
and Martin J. Bienenstock, Esq., and Warren T. Buhle, Esq., at
Weil, Gotshal & Manges LLP represent the Debtors in their
restructuring efforts. When the Company filed for protection
from their creditors, they listed $1,901,573,000 in assets and
$1,558,410,000 in liabilities. (AMES Bankruptcy News, Issue No.
66; Bankruptcy Creditors' Service, Inc., 215/945-7000)
ATA AIRLINES: January 2005 Net Loss Narrows to $23.7 Million
------------------------------------------------------------
ATA Holdings Corp. and Subsidiaries
Unaudited Balance Sheet
As of January 31, 2005
Assets
Current assets
Cash and cash equivalents $123,471,000
Receivables,
net of allowance for doubtful accounts 125,996,000
Inventories, net 42,741,000
Prepaid expenses and other current assets 44,786,000
--------------
TOTAL CURRENT ASSETS 336,994,000
Property and equipment
Flight equipment 199,273,000
Facilities and ground equipment 147,611,000
Accumulated depreciation (167,176,000)
--------------
TOTAL PROPERTY, PLANT AND EQUIPMENT 179,708,000
Restricted cash 31,571,000
Goodwill 8,488,000
Prepaid aircraft rent 56,974,000
Investment in BATA 6,818,000
Deposits and other assets 27,064,000
--------------
TOTAL ASSETS $647,617,000
==============
Liabilities and Shareholders' Deficit
Current liabilities
Long-term debt in default -
Current maturities on long-term debt 41,000,000
Accounts payable 7,075,000
Air traffic liabilities 85,657,000
Accrued expenses 126,755,000
--------------
Total current liabilities 260,487,000
Long-term debt -
Deferred gains from sale & leaseback of aircraft -
Other deferred items 31,220,000
Mandatorily redeemable preferred stock -
--------------
TOTAL LIABILITIES 291,707,000
Liabilities subject to compromise 1,258,795,000
Commitments and contingencies
Convertible redeemable preferred stock 30,000,000
Shareholders' Equity (deficit)
Preferred stock, authorized 9,999,200 shares -
Common stock, without par value 66,013,000
Treasury stock (24,778,000)
Additional paid-in capital 18,166,000
Accumulated deficit (992,286,000)
--------------
TOTAL SHAREHOLDERS' DEFICIT (932,885,000)
--------------
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT $647,617,000
==============
ATA Holdings Corp. and Subsidiaries
Unaudited Income Statement
For the Month Ended January 31, 2005
Operating revenues:
Scheduled service $60,365,000
Charter 38,781,000
Ground package 1,960,000
Other 3,999,000
--------------
TOTAL OPERATING REVENUES 105,105,000
Operating expenses:
Salaries, wages and benefits 35,680,000
Fuel and oil 30,094,000
Aircraft rentals 16,038,000
Handling, landing and navigation fees 11,042,000
Aircraft maintenance, materials and repairs 5,706,000
Depreciation and amortization 4,098,000
Crew and other employee travel 3,589,000
Passenger service 3,246,000
Other selling expenses 2,953,000
Commissions 2,670,000
Facilities and other rentals 2,378,000
Ground package cost 1,673,000
Insurance 1,539,000
Advertising 612,000
Aircraft impairments and retirements 189,000
Other 5,296,000
--------------
TOTAL OPERATING EXPENSES 126,803,000
--------------
Operating income (loss) (21,698,000)
Other income (expense)
Interest income 142,000
Interest expense (525,000)
Reorganization expenses (1,584,000)
Other (77,000)
--------------
TOTAL OTHER EXPENSE (2,044,000)
--------------
Income (loss) before income taxes (23,742,000)
Income taxes -
--------------
NET INCOME (LOSS) ($23,742,000)
==============
ATA Holdings Corp. and Subsidiaries
Cash Flow Report
For the Month Ended January 31, 2005
Cash Flows from Operating Activities:
Net income ($22,158,000)
Reorganization items (1,584,000)
Adjustments to reconcile net income:
Depreciation and amortization 4,098,000
Aircraft impairments and retirements 189,000
Other non-cash items (17,000)
Changes in operating assets and liabilities:
Receivables (7,189,000)
Inventories 975,000
Prepaid expenses (5,539,000)
Accounts payable (488,000)
Air traffic liabilities (4,230,000)
Liabilities Subject to Compromise 20,531,000
Accrued expenses 4,725,000
--------------
NET CASH PROVIDED BY OPERATING ACTIVITIES (10,687,000)
Cash Flows from Investing Activities:
Aircraft pre-delivery deposits -
Capital expenditures (1,201,000)
Non-current prepaid aircraft rent (4,943,000
Reductions to other assets (146,000)
Proceeds from sales of property and equipment 159,000
--------------
NET CASH USED BY INVESTING ACTIVITIES (6,131,000)
Cash Flows from Financing activities:
Proceeds from DIP Financing -
Payments on short-term debt and long-term debt (60,000)
Decrease (increase) in restricted cash 697,000
--------------
NET CASH PROVIDED BY FINANCING ACTIVITIES 637,000
--------------
Net change in cash and cash equivalents (16,181,000)
Cash and equivalents at beginning of period 139,652,000
--------------
Cash and cash equivalents at end of period $123,471,000
==============
Headquartered in Indianapolis, Indiana, ATA Airlines, owned by ATA
Holdings Corp. -- http://www.ata.com/-- is the nation's 10th
largest passenger carrier (based on revenue passenger miles) and
one of the nation's largest low-fare carriers. ATA has one of the
youngest, most fuel-efficient fleets among the major carriers,
featuring the new Boeing 737-800 and 757-300 aircraft. The
airline operates significant scheduled service from Chicago-
Midway, Hawaii, Indianapolis, New York and San Francisco to over
40 business and vacation destinations. Stock of parent company,
ATA Holdings Corp., is traded on the Nasdaq Stock Exchange. The
Company and its debtor-affiliates filed for chapter 11 protection
on Oct. 26, 2004 (Bankr. S.D. Ind. Case Nos. 04-19866, 04-19868
through 04-19874). Terry E. Hall, Esq., at Baker & Daniels,
represents the Debtors in their restructuring efforts. When the
Debtors filed for protection from their creditors, they listed
$745,159,000 in total assets and $940,521,000 in total debts.
(ATA Airlines Bankruptcy News, Issue No. 20; Bankruptcy Creditors'
Service, Inc., 215/945-7000)
ATA AIRLINES: Posts $23.6 Million Net Loss in February 2005
-----------------------------------------------------------
ATA Holdings Corp. and Subsidiaries
Unaudited Balance Sheet
As of February 28, 2005
Assets
Current assets
Cash and cash equivalents $104,550,000
Receivables,
net of allowance for doubtful accounts 125,687,000
Inventories, net 40,376,000
Prepaid expenses and other current assets 51,336,000
--------------
Total current assets 321,949,000
Property and equipment:
Flight equipment 199,300,000
Facilities and ground equipment 147,665,000
Accumulated depreciation (170,614,000)
--------------
TOTAL PROPERTY, PLANT AND EQUIPMENT 176,351,000
Restricted cash 31,447,000
Goodwill 8,488,000
Prepaid aircraft rent 48,960,000
Investment in BATA 6,706,000
Deposits and other assets 27,721,000
--------------
TOTAL ASSETS $621,622,000
Liabilities and Shareholders' Deficit
Current liabilities
Long-term debt in default 0
Current maturities on long-term debt 41,000,000
Accounts payable 4,877,000
Air traffic liabilities 88,694,000
Accrued expenses 126,722,000
--------------
TOTAL CURRENT LIABILITIES 261,293,000
Long-term debt 0
Deferred gains from sale and leaseback of aircraft 0
Other deferred items 30,507,000
Mandatorily redeemable preferred stock 0
--------------
TOTAL LIABILITIES 291,800,000
Liabilities subject to compromise 1,267,691,000
Commitments and contingencies
Convertible redeemable preferred stock 30,000,000
Shareholders' Deficit
Preferred stock; authorized 9,999,200 shares -
Common stock, without par value 66,013,000
Treasury stock (24,778,000)
Additional paid-in capital 18,166,000
Accumulated deficit (1,027,270,000)
--------------
TOTAL SHAREHOLDERS' DEFICIT (967,869,000)
--------------
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT $621,622,000
==============
ATA Holdings Corp. and Subsidiaries
Unaudited Income Statement
For the Month Ended February 28, 2005
Operating revenues:
Scheduled service $48,432,000
Charter 36,852,000
Ground package 2,024,000
Other 3,365,000
--------------
TOTAL OPERATING REVENUES 90,673,000
Operating expenses:
Salaries, wages and benefits 26,333,000
Fuel and oil 24,905,000
Aircraft rentals 15,649,000
Handling, landing and navigation fees 8,702,000
Aircraft maintenance, materials and repairs 4,520,000
Depreciation and amortization 4,065,000
Crew and other employee travel 4,312,000
Passenger service 3,321,000
Other selling expenses 2,377,000
Commissions 2,605,000
Facilities and other rentals 2,420,000
Insurance 2,353,000
Ground package cost 1,604,000
Advertising 1,221,000
Aircraft impairments and retirements 0
Other 5,141,000
--------------
TOTAL OPERATING EXPENSES 109,528,000
--------------
Operating income (loss) (18,855,000)
Other income (expense):
Interest income 148,000
Interest expense (547,000)
Other (80,000)
Reorganization expenses (4,237,000)
--------------
TOTAL OTHER EXPENSE (4,716,000)
Income (loss) before income taxes (23,571,000)
Income taxes -
--------------
NET INCOME (LOSS) ($23,571,000)
==============
ATA Holdings Corp. and Subsidiaries
Cash Flow Report
For the Month Ended February 28, 2005
Cash Flows from Operating Activities:
Net income ($19,334,000)
Reorganization items (4,237,000)
Adjustments to reconcile net income:
Depreciation and amortization 4,065,000
Other non-cash items (229,000)
Changes in operating assets and liabilities:
Receivables 309,000
Inventories 2,006,000
Prepaid expenses (6,444,000)
Accounts payable (2,198,000)
Air traffic liabilities 3,037,000
Liabilities Subject to Compromise (2,517,000)
Accrued expenses (33,000)
--------------
NET CASH PROVIDED BY OPERATING ACTIVITIES (25,575,000)
Cash Flows from Investing Activities:
Capital expenditures (662,000)
Noncurrent prepaid aircraft rent 8,014,000
Reductions to other assets (813,000)
Proceeds from sales of property and equipment 158,000
--------------
NET CASH PROVIDED BY INVESTING ACTIVITIES 6,697,000
Cash Flows from Financing Activities:
Payments on long term debt (60,000)
Decrease in restricted cash 17,000
--------------
NET CASH PROVIDED BY FINANCING ACTIVITIES (43,000)
--------------
Decrease in cash and cash equivalents (18,921,000)
Cash and cash equivalents, beginning of period 123,471,000
--------------
Cash and cash equivalents, end of period $104,550,000
==============
Headquartered in Indianapolis, Indiana, ATA Airlines, owned by ATA
Holdings Corp. -- http://www.ata.com/-- is the nation's 10th
largest passenger carrier (based on revenue passenger miles) and
one of the nation's largest low-fare carriers. ATA has one of the
youngest, most fuel-efficient fleets among the major carriers,
featuring the new Boeing 737-800 and 757-300 aircraft. The
airline operates significant scheduled service from Chicago-
Midway, Hawaii, Indianapolis, New York and San Francisco to over
40 business and vacation destinations. Stock of parent company,
ATA Holdings Corp., is traded on the Nasdaq Stock Exchange. The
Company and its debtor-affiliates filed for chapter 11 protection
on Oct. 26, 2004 (Bankr. S.D. Ind. Case Nos. 04-19866, 04-19868
through 04-19874). Terry E. Hall, Esq., at Baker & Daniels,
represents the Debtors in their restructuring efforts. When the
Debtors filed for protection from their creditors, they listed
$745,159,000 in total assets and $940,521,000 in total debts.
(ATA Airlines Bankruptcy News, Issue No. 20; Bankruptcy Creditors'
Service, Inc., 215/945-7000)
FEDERAL-MOGUL: Earns $26 Million of Net Income in February 2005
---------------------------------------------------------------
Federal-Mogul Global, Inc., et al.
Unaudited Balance Sheet
As of February 28, 2005
(In millions)
Assets
Cash and equivalents $431.4
Accounts receivable 596.2
Inventories 496.7
Deferred taxes 182.5
Prepaid expenses and other current assets 101.2
--------
Total current assets 1,808.0
Summary of Unpaid Postpetition Debits (15.7)
Intercompany Loans Receivable (Payable) 2,615.8
--------
Intercompany Balances 2,600.0
Property, plant and equipment 1,022.6
Goodwill 1,124.2
Other intangible assets 443.5
Insurance recoverable 850.2
Other non-current assets 1,108.8
--------
Total Assets $8,957.2
========
Liabilities and Shareholders' Equity
Short-term debt $331.2
Accounts Payable 206.4
Accrued Compensation 93.0
Restructuring and rationalization reserves 11.7
Current portion of asbestos liability -
Interest Payable 1.1
Other accrued liabilities 276.3
--------
Total current liabilities 919.7
Long-term debt -
Post-employment benefits 2,025.1
Other accrued liabilities 993.6
Liabilities subject to compromise 6,014.9
Shareholders' equity:
Preferred stock 1,050.6
Common stock 564.9
Additional paid-in capital 8,022.1
Accumulated deficit (9,612.6)
Accumulated other comprehensive income (1,020.9)
Other -
--------
Total Shareholders' Equity (995.9)
--------
Total Liabilities and Shareholders' Equity $8,957.2
========
Federal-Mogul Global, Inc., et al.
Unaudited Statement of Operations
For the month ended February 28, 2005
(In millions)
Net sales $272.4
Cost of products sold 232.3
--------
Gross margin 40.1
Selling, general & administrative expenses (53.5)
Amortization (1.2)
Reorganization items (8.2)
Interest income (expense), net (8.7)
Other income (expense), net 20.4
--------
Earnings before Income Taxes (11.1)
Income Tax (Expense) Benefit (0.2)
--------
Earnings before effect of change in acctg principle (11.2)
Cumulative effect of change in acctg principle -
--------
Net Earnings (loss) ($11.2)
========
Federal-Mogul Global, Inc., et al.
Unaudited Statement of Cash Flows
For the month ended February 28, 2005
(In millions)
Cash Provided From (Used By) Operating Activities:
Net earnings (loss) ($11.2)
Adjustments to reconcile net earnings (loss):
Depreciation and amortization 13.7
Adjustments of assets held for sale to fair value -
Asbestos Charge -
Summary of unpaid postpetition debits -
Cumulative effect of change in acctg principle -
Change in post-employment benefits (0.5)
Decrease/(increase) in accounts receivable (12.6)
Decrease/(increase) in inventories 0.1
Increase/(decrease) in accounts payable 14.1
Change in other assets and other liabilities (16.7)
Change in restructuring charge (0.2)
Refunds (payments) against asbestos liability -
--------
Net Cash Provided From Operating Activities (13.4)
Cash Provided From (Used By) Investing Activities:
Expenditures for property, plant & equipment (5.3)
Proceeds from sale of property, plant & equipment -
Proceeds from sale of businesses -
Business acquisitions, net of cash acquired -
Other -
--------
Net Cash Provided From (Used By) Investing Activities (5.3)
Cash Provided From (Used By) Financing Activities:
Increase (decrease) in debt 23.7
Sale of accounts receivable under securitization -
Dividends -
Other 6.0
--------
Net Cash Provided From Financing Activities 29.7
Increase (Decrease) in Cash and Equivalents 11.0
Cash and equivalents at beginning of period 420.4
--------
Cash and equivalents at end of period $431.4
========
Headquartered in Southfield, Michigan, Federal-Mogul Corporation
-- http://www.federal-mogul.com/-- is one of the world's largest
automotive parts companies with worldwide revenue of some
$6 billion. The Company filed for chapter 11 protection on
October 1, 2001 (Bankr. Del. Case No. 01-10582). Lawrence J.
Nyhan, Esq., James F. Conlan, Esq., and Kevin T. Lantry, Esq., at
Sidley Austin Brown & Wood, and Laura Davis Jones, Esq., at
Pachulski, Stang, Ziehl, Young, Jones & Weintraub, P.C.,
Represent the Debtors in their restructuring efforts. When the
Debtors filed for protection from their creditors, they listed
$10.15 billion in assets and $8.86 billion in liabilities.
At Dec. 31, 2004, Federal-Mogul's balance sheet showed a
$1.925 billion stockholders' deficit. (Federal-Mogul Bankruptcy
News, Issue No. 76; Bankruptcy Creditors' Service, Inc.,
215/945-7000)
KAISER ALUMINUM: Earns $2.4 Million of Net Income in February 2005
------------------------------------------------------------------
Kaiser Aluminum Corporation -- All Debtors
Unaudited Balance Sheets
As of February 28, 2005
(In Thousands)
ASSETS
Cash $37,720
Receivables:
Trade 107,573
Other 8,824
---------
Total Receivables 116,397
Inventories 115,688
Prepaid expenses and other current assets 59,611
---------
Total current assets 329,416
Investments in and advances to subsidiaries 59,987
Intercompany receivables/payables, net (4,741)
Property, plant, and equipment - net 213,169
Deferred income taxes -
Other assets 1,274,407
---------
Total Assets $1,872,238
=========
LIABILITIES & STOCKHOLDERS' EQUITY
Liabilities not subject to compromise:
Accounts Payable $46,206
Accrued interest 797
Accrued salaries, wages and related expenses 48,750
Accrued post retirement benefit - current -
Other accrued liabilities 91,492
Payable to affiliates 45,344
Long term debt - current portion 1,207
---------
Total current liabilities 233,796
Long-term liabilities 30,341
Accrued postretirement benefit obligation -
Long-term debt 2,812
Liabilities subject to compromise 3,981,567
Minority interests 655
Stockholders' equity:
Preference stock -
Common stock 789
Additional capital 538,009
Accumulated deficit - As of filing date (946,931)
Accumulated deficit - Post filing date (1,961,433)
Accumulated other comprehensive income (loss) (7,367)
Note receivable from parent -
---------
Total Liabilities & Stockholders' Equity $1,872,238
=========
Kaiser Aluminum Corporation -- All Debtors
Unaudited Statements of Operations
For the Month Ending February 28, 2005
(In Thousands)
Net Sales $99,089
Costs and expenses:
Cost of products sold 85,106
Depreciation & amortization 1,648
Selling, administrative, R&D and general 5,613
Other operating charges (benefits), net (3)
---------
Total costs and expenses 92,364
---------
Operating income (loss) 6,725
Other income (expense):
Interest expenses, net (830)
Reorganization items (1,957)
Other-net (154)
---------
Income (loss) before
income taxes and minority interest 3,784
(Provision) benefit for income taxes (1,278)
Minority interests -
Equity in income (loss) of subsidiaries (32)
---------
Net income (loss) $2,474
=========
Kaiser Aluminum Corporation -- All Debtors
Schedule of Consolidated Cash Receipts and Disbursements
For the Month Ending February 28, 2005
(In Thousands)
Receipts:
Trade Receivables
KACC Receivables $74,078
KAII Receivables 40,199
---------
Total Trade Receivables 114,277
COBRA receipts 772
Proceeds from Hedging Settlement 48
---------
Total Receipts 115,097
Disbursements:
Inventory/Raw Materials 42,944
Capital Expenditures 1,142
Maintenance, Materials, etc. 3,527
Freight 2,593
Utilities/Energy 4,272
Hourly Payroll 6,429
Salaried Payroll 3,940
Hedging Activities 153
VEBA Advances 2,014
Medical - Current and Former Employees 2,915
Annual Insurance Premiums 196
Workmen's Compensation 719
Credit Agreement Fees 2,484
Refundable Amounts Paid to Previous DIP Lender 18,362
Corporate General and Administrative 2,611
JV Fundings - Alumina 13,909
JV Fundings - Primary, Net of Minority Interest 7,920
Other Disbursements 10,740
---------
Total Operating and G&A Disbursements 126,870
Reorganization Items 1,221
---------
Total Disbursements 128,091
---------
Net Cash Flow (12,994)
Beginning Bank Cash Balances 53,806
---------
Ending Bank Cash Balances 40,812
Reconciling Items (3,092)
---------
Ending Book Cash Balances $37,720
=========
Headquartered in Houston, Texas, Kaiser Aluminum Corporation --
http://www.kaiseral.com/-- operates in all principal aspects of
the aluminum industry, including mining bauxite; refining bauxite
into alumina; production of primary aluminum from alumina; and
manufacturing fabricated and semi-fabricated aluminum products.
The Company filed for chapter 11 protection on February 12, 2002
(Bankr. Del. Case No. 02-10429). Corinne Ball, Esq., at Jones
Day, represents the Debtors in their restructuring efforts. On
June 30, 2004, the Debtors listed $1.619 billion in assets and
$3.396 billion in debts. (Kaiser Bankruptcy News, Issue No. 66;
Bankruptcy Creditors' Service, Inc., 215/945-7000)
KEYSTONE CONSOLIDATED: Posts $3.4 Million Net Loss in March 2005
----------------------------------------------------------------
On April 11, 2005, Keystone Consolidated Industries, Inc., and its
debtor-affiliates filed their monthly operating report for the
month of March 2005, with the U.S. Bankruptcy Court for the
Eastern District of Wisconsin.
Keystone Consolidated reported a $3,376,751 net loss on
$28,321,380 of net sales.
At Feb. 28, 2005, Keystone Consolidated's balance sheet shows:
Current Assets $87,405,978
Total Assets 319,237,329
Current Liabilities 165,065,422
Total Liabilities 177,739,966
Stockholders' Deficit $(25,680,059)
A full-text copy of Keystone Consolidated Industries' March
2005 Monthly Operating Report is available at no charge at:
http://www.sec.gov/Archives/edgar/data/55604/000005560405000013/exhibit991mar.txt
Headquartered in Dallas, Texas, Keystone Consolidated Industries,
Inc., makes carbon steel rod, fabricated wire products, including
fencing, barbed wire, welded wire and woven wire mesh for the
agricultural, construction and do-it-yourself markets. The
Company filed for chapter 11 protection on February 26, 2004,
(Bankr. E.D. Wisc. Case No. 04-22422). Daryl L. Diesing, Esq., at
Whyte Hirschboeck Dudek S.C., and David L. Eaton, Esq., at
Kirkland & Ellis LLP, represent the Debtors in their restructuring
efforts. When the Company filed for protection from their
creditors, it listed $196,953,000 in total assets and $365,312,000
in total debts.
MIRANT CORP: Earns $63.8 Million of Net Income in January 2005
--------------------------------------------------------------
Mirant Corporation and Subsidiaries
Consolidated Balance Sheet
As of January 31, 2005
ASSETS
Cash and cash equivalents $1,586,055,350
Accounts receivable - net 1,069,170,967
Assets from risk management activities 210,184,769
Derivative hedging instruments -
Inventories 313,910,121
Other 573,272,469
---------------
Total Current Assets 3,752,593,676
Property, plant and equipment 5,179,672,848
Less: accumulated depreciation/depletion 825,206,985
Leasehold interests - net 1,492,334,321
Construction work in progress 129,078,007
Investment in suspended construction 249,742,047
---------------
Total net property, plant and equipment 6,225,620,238
Investments 249,890,556
Long-term accounts receivable - net 31,829,097
Notes receivable - net -
Assets from risk management activities 112,290,975
Goodwill - net 5,767,352
Other intangibles - net 269,298,512
Derivative hedging instruments -
Restricted cash, non-current 206,985,893
Other long-term assets 1
Miscellaneous deferred charges 633,215,995
---------------
Total Non-current Assets 1,509,278,381
---------------
TOTAL ASSETS $11,487,492,295
===============
LIABILITIES AND EQUITY
Postpetition Liabilities:
Debt $1,307,149,939
Accounts Payable 774,535,316
Liabilities from risk management activities 321,935,276
Obligations under energy deliveries 9,642,571
Derivative hedging instruments -
Other 183,930,830
Miscellaneous deferred credits 765,448,115
---------------
Total postpetition liabilities 3,368,642,047
Prepetition Liabilities 9,205,387,551
---------------
TOTAL LIABILITIES 12,574,029,598
EQUITY:
Minority interest in subsidiaries 166,996,063
Mandatory redeemable securities -
Common stock 4,056,621
Additional paid-in capital 4,917,963,428
Retained earnings (6,091,114,199)
Treasury stock, at cost (2,260,000)
Accumulated other comprehensive income (82,179,216)
---------------
Total Equity (1,086,537,303)
---------------
TOTAL LIABILITIES AND OWNERS' EQUITY $11,487,492,295
===============
Mirant Corporation and Subsidiaries
Consolidated Statements of Income
For the month ending January 31, 2005
REVENUES:
Generation $330,201,082
Net trading revenue (2,684,255)
Distribution 49,961,306
Other 6,097,512
---------------
Net Revenue 383,575,645
OPERATING EXPENSES:
Energy cost 202,938,678
Operations and maintenance 71,810,029
Depreciation and amortization 26,214,906
Gain on sale of property and investment (12,589)
Impairment loss 989
Restructuring costs 905,298
---------------
Total Operating Expenses 301,857,311
---------------
Income before non-operating income
and expense 81,718,334
OTHER INCOME AND EXPENSES:
Interest income 1,485,103
Interest expense (10,744,328)
Equity in income of affiliates 2,177,300
Other (75,880)
Reorganization items (1,060,683)
Minority interest (2,330,802)
Net income from discontinued operations (185,203)
---------------
Total Other Income (10,734,493)
Provision for income tax (7,181,468)
---------------
NET PROFIT (LOSS) $63,802,373
===============
Mirant Corporation
Unconsolidated Cash Receipts and Disbursements
For the month ending January 31, 2005
Cash, beginning of month $268,326,825
Non-Operating Receipts:
Loans & Advances 7,697,901
Sale of Assets 38,500
---------------
Total non-operating receipts 7,736,401
---------------
Total receipts 7,736,401
---------------
Total Cash Available 276,063,226
Operating Disbursements 0
Reorganization Expenses 441,391
---------------
Total disbursements 441,391
---------------
Net Cash Flow 7,295,009
---------------
Cash, end of month $275,621,834
===============
Headquartered in Atlanta, Georgia, Mirant Corporation --
http://www.mirant.com/-- is a competitive energy company that
produces and sells electricity in North America, the Caribbean,
and the Philippines. Mirant owns or leases more than 18,000
megawatts of electric generating capacity globally. Mirant
Corporation filed for chapter 11 protection on July 14, 2003
(Bankr. N.D. Tex. 03-46590). Thomas E. Lauria, Esq., at White &
Case LLP, represents the Debtors in their restructuring efforts.
When the Debtors filed for protection from their creditors, they
listed $20,574,000,000 in assets and $11,401,000,000 in debts.
(Mirant Bankruptcy News, Issue No. 59; Bankruptcy Creditors'
Service, Inc., 215/945-7000)
MIRANT: MAGi Earns $42.7 Million of Net Income in January 2005
--------------------------------------------------------------
Mirant Americas Generation, LLC, and Subsidiaries
Consolidated Balance Sheet
As of January 31, 2005
ASSETS
Cash and cash equivalents $435,250,254
Accounts receivable - net 584,828,780
Assets from risk management activities 80,771,062
Derivative hedging instruments -
Inventories 156,008,869
Other 130,516,905
---------------
Total Current Assets 1,387,375,870
Property, plant and equipment 2,202,875,623
Less: accumulated depreciation/depletion 339,067,056
Leasehold interests - net -
Construction work in progress 66,731,369
Investment in suspended construction 174,275,774
---------------
Total net property, plant and equipment 2,104,815,710
Investments 25,000
Long-term accounts receivable - net 94,078,617
Notes receivable - net 223,275,000
Assets from risk management activities 2,308,654
Other intangibles - net 206,026,010
Derivative hedging instruments -
Restricted cash, non-current 5,056,078
Other long-term assets -
Miscellaneous deferred charges 216,997,211
---------------
Total Non-current Assets 747,766,570
---------------
TOTAL ASSETS $4,239,958,150
===============
LIABILITIES AND EQUITY
Postpetition Liabilities:
Debt $0
Accounts Payable 258,683,084
Liabilities from risk management activities 120,504,424
Obligations under energy deliveries -
Derivative hedging instruments -
Other 150,019,436
Miscellaneous deferred credits 26,822,967
---------------
Total postpetition liabilities 556,029,911
Prepetition Liabilities 3,438,216,734
---------------
TOTAL LIABILITIES 3,994,246,645
EQUITY:
Minority interest in subsidiaries 35,002
Mandatory redeemable securities -
Common stock 1,000
Additional paid-in capital 3,853,859,362
Retained earnings (3,608,183,859)
Treasury stock, at cost -
Accumulated other comprehensive income -
---------------
Total Equity 245,711,505
---------------
TOTAL LIABILITIES AND OWNERS' EQUITY $4,239,958,150
===============
Mirant Americas Generation, LLC, and Subsidiaries
Consolidated Statements of Income
For the month ending January 31, 2005
REVENUES:
Generation $231,030,401
Net trading revenue -
Distribution -
Other 5,031,491
---------------
Net Revenue 236,061,892
OPERATING EXPENSES:
Energy cost 132,995,606
Operations and maintenance 45,640,194
Depreciation and amortization 8,197,624
Gain on sale of property and investment (3,000)
Impairment loss -
Restructuring costs 694,495
---------------
Total Operating Expenses 187,524,919
---------------
Income before non-operating income
and expense 48,536,973
OTHER INCOME AND EXPENSES:
Interest income -
Interest expense (728,322)
Equity in income of affiliates -
Other 20,950
Reorganization items (3,104,909)
Minority interest -
Net income from discontinued operations -
---------------
Total Other Income (3,812,281)
Provision for income tax (2,038,262)
---------------
NET PROFIT (LOSS) $42,686,430
===============
Mirant Americas Generation, LLC, and Subsidiaries
Unconsolidated Cash Receipts and Disbursements
For the month ending January 31, 2005
Cash, beginning of month $167,037,518
Non-Operating Receipts:
Loans & Advances 19,613,857
Sale of Assets 18,200
---------------
Total non-operating receipts 19,632,057
---------------
Total receipts 19,632,057
---------------
Total Cash Available 186,669,575
Operating Disbursements 0
Reorganization Expenses 0
---------------
Total disbursements 0
---------------
Net Cash Flow 19,632,057
---------------
Cash, end of month $186,669,575
===============
Headquartered in Atlanta, Georgia, Mirant Corporation --
http://www.mirant.com/-- is a competitive energy company that
produces and sells electricity in North America, the Caribbean,
and the Philippines. Mirant owns or leases more than 18,000
megawatts of electric generating capacity globally. Mirant
Corporation filed for chapter 11 protection on July 14, 2003
(Bankr. N.D. Tex. 03-46590). Thomas E. Lauria, Esq., at White &
Case LLP, represents the Debtors in their restructuring efforts.
When the Debtors filed for protection from their creditors, they
listed $20,574,000,000 in assets and $11,401,000,000 in debts.
(Mirant Bankruptcy News, Issue No. 59; Bankruptcy Creditors'
Service, Inc., 215/945-7000)
OWENS CORNING: Posts $10.8 Million Net Loss in January 2005
-----------------------------------------------------------
Owens Corning and Subsidiaries
Consolidated Balance Sheets
As of January 31, 2005
(In Thousands)
Current Assets:
Cash and cash equivalents $653,808
Receivables 347,580
Receivables-Inter-company 969,984
Inventories 198,339
Insurance for Asbestos Litigation Claims 0
Deferred Income Taxes 484
Income Tax Receivable 3,325
Other Current Assets 21,527
----------
Total Current Assets $2,195,047
Other Assets:
Insurance for Asbestos Litigation Claims 4,220
Restricted Cash 188,176
Restricted cash and securities 0
Deferred Income Taxes 952,856
Goodwill 48,568
Investment in Affiliates 30,727
Investment in Subsidiaries 2,022,050
Notes Receivable - Intercompany 5,270
Other Non-current Assets 478,571
----------
Total Other Assets 3,730,438
Plant & Equipment:
Land 35,665
Buildings & Leasehold Improvements 554,039
Machinery & Equipment 2,163,470
Construction in Progress 88,322
Less: Accumulated Depreciation 1,559,020
----------
Net Plant and Equipment 1,282,476
----------
TOTAL ASSETS $7,207,961
==========
Liabilities not Subject to Compromise:
Accounts Payable & Accrued Liabilities 514,167
Inter-company Liabilities 898,438
Short-term debt 0
Long-term debt - current portion 913
----------
Total Current Liabilities 1,413,518
Long-Term Debt 7,159
Other Employee Benefits Liability 208,130
Pension Plan Liability 617,381
Other Liability 145,040
----------
Total Non-Current Liabilities 970,551
----------
Total Postpetition Liabilities 2,391,228
Prepetition Liabilities:
Accounts Payable and Accrued Liabilities 262,493
Other Employee Benefits Liability 206,437
Pension Plan Liability 0
Debt-US Bank Credit Facility 1,450,986
Debt-Bonds & Other 1,507,233
Asbestos-Related Liability 2,731,188
Inter-company 2,452,666
Other 0
----------
Total Prepetition Liabilities 8,611,003
Total Liabilities 11,002,231
Minority Interest 0
Stockholder's Equity:
Common Stock 697,298
Retained Earnings (Deficit) (4,131,469)
Accumulated Comprehensive Income (Loss) (5,156)
Other (354,943)
----------
Net Stockholder's Equity (3,794,270)
----------
TOTAL LIABILITIES & STOCKHOLDER'S EQUITY $7,207,961
==========
Owens Corning and Subsidiaries
Consolidated Statements of Operations
For the Month Ended January 31, 2005
(In Thousands)
Net sales $300,104
Cost of Sales 259,387
----------
Gross Margin 40,717
Operating Expenses:
Marketing and Administrative Expenses 28,464
Science and Technology Expenses 1,351
Provision for Asbestos Litigation Claims 0
Insider Compensation 801
Restructure Costs 0
Other Expenses 9,628
----------
Income (Loss) from Operations 473
Other Expenses:
Cost of Borrowed Funds 299
Other 0
----------
Income (Loss) Before Reorganization Items 174
Reorganization Items:
Professional Fees 6,957
U.S. Trustee Quarterly Fees 13
Interest Earned on Accumulated Cash from Chapter 11 (560)
(Gain) Loss from sale of equipment 0
(Gain) Loss from Settlement of Liabilities 0
Other Reorganization Expenses 1,964
----------
Total Reorganization Expenses 8,374
----------
Income (Loss) Before Income Taxes (8,200)
Provision (credit) for Income Tax 2,579
----------
Income (Loss) Before Minority Interest and
Equity in Net Income (Loss) of Affiliates (10,779)
Minority interest 0
Equity in net income (loss) of affiliates (18)
----------
Net Income (Loss) ($10,797)
==========
Owens Corning and Subsidiaries
Consolidated Statements of Cash Receipts & Disbursements
For the Month Ended January 31, 2005
(In Thousands)
Cash, Beginning of Month $705,387
Receipts:
Customer Receipts 244,964
Inter-company Sales 3,296
Loans and Advances 0
Sale of Assets 0
Other Receipts 21,424
Inter-company Transfers 79,230
Transfers from DIP 191,918
----------
Total Receipts $540,831
Disbursements:
Net Payroll 44,903
Payroll Taxes 235
Sales Use & Other Taxes 11,553
Inventory Purchases 111,671
Insurance 2,101
Administrative & Selling 63,756
Other 88,447
Inter-company Transfers 74,650
Transfers to DIP 191,918
Professional Fees 3,152
U.S. Trustee Quarterly Fees 26
Court costs 0
Adjustment 0
----------
Total Disbursements $592,410
Net Cash Flow (51,579)
----------
Cash -- End of Month $653,808
==========
Headquartered in Toledo, Ohio, Owens Corning --
http://www.owenscorning.com/-- manufactures fiberglass
insulation, roofing materials, vinyl windows and siding, patio
doors, rain gutters and downspouts. The Company filed for chapter
11 protection on October 5, 2000 (Bankr. Del. Case. No. 00-03837).
Mark S. Chehi, Esq., at Skadden, Arps, Slate, Meagher & Flom,
represents the Debtors in their restructuring efforts. At Sept.
30, 2004, the Company's balance sheet shows $7.5 billion in assets
and a $4.2 billion stockholders' deficit. The company
reported $132 million of net income in the nine-month period
ending Sept. 30, 2004. (Owens Corning Bankruptcy News, Issue No.
104; Bankruptcy Creditors' Service, Inc., 215/945-7000)
PARMALAT: Releases Monthly Operating Report Ended Jan. 29, 2005
---------------------------------------------------------------
Parmalat USA Corporation
Balance Sheet
As of January 29, 2005
Assets
Cash & Cash Equivalents $0
Accounts Receivable-Net 0
Notes Receivable -Current 0
Inventory 0
Prepaid Expenses 0
Other Current Assets 0
------------
Total Current Assets 0
Fixed Assets 0
Accumulated Depreciation 0
------------
Net Fixed Assets 0
Other Assets 191,119,549
Intercompany Receivables 10,392,497
------------
Total Assets $201,512,046
============
Liabilities Subject to Compromise
Long Term Debt & Interest $20,110,681
Intercompany payables 215,291,639
------------
Total Liabilities Subject to Compromise 235,402,320
Liabilities
Accounts Payable 0
Notes & Loans Payable 0
Accrued Expenses 1,532,888
Intercompany Payables 0
------------
Total Liabilities 236,935,208
Equity
Common Stock 1,388,356
Paid In Capital 227,962,103
Retained Earnings (264,773,621)
YTD Net Income/(Loss) 0
------------
Total Equity (35,423,162)
------------
Total Liabilities & Owners' Equity $201,512,046
============
Parmalat USA Corporation has no income from December 26, 2004, to
January 29, 2005. Parmalat USA also received no cash nor made
disbursements within that period.
Headquartered in Wallington, New Jersey, Parmalat U.S.A.
Corporation -- http://www.parmalatusa.com/-- generates more
than EUR7 billion in annual revenue. The Parmalat Group's 40-
some brand product line includes milk, yogurt, cheese, butter,
cakes and cookies, breads, pizza, snack foods and vegetable
sauces, soups and juices. The company employs over 36,000
workers in 139 plants located in 31 countries on six continents.
It filed for chapter 11 protection on February 24, 2004 (Bankr.
S.D.N.Y. Case No. 04-11139). Gary Holtzer, Esq., and Marcia L.
Goldstein, Esq., at Weil Gotshal & Manges LLP represent the
Debtors in their restructuring efforts. When the U.S. Debtors
filed for bankruptcy protection, they reported more than $200
million in assets and debts. The Bankruptcy Court confirmed the
U.S. Debtors' Plan of Reorganization on March 7, 2005. (Parmalat
Bankruptcy News, Issue No. 51; Bankruptcy Creditors' Service,
Inc., 215/945-7000)
PARMALAT: Releases Monthly Operating Report Ended Feb. 26, 2005
---------------------------------------------------------------
Parmalat USA Corporation
Balance Sheet
As of February 26, 2005
Assets
Cash & Cash Equivalents $0
Accounts Receivable-Net 0
Notes Receivable -Current 0
Inventory 0
Prepaid Expenses 0
Other Current Assets 0
------------
Total Current Assets 0
Fixed Assets 0
Accumulated Depreciation 0
------------
Net Fixed Assets 0
Other Assets 191,119,549
Intercompany Receivables 10,392,497
------------
Total Assets $201,512,046
============
Liabilities Subject to Compromise
Long Term Debt & Interest $20,110,681
Intercompany payables 215,291,639
------------
Total Liabilities Subject to Compromise 235,402,320
Liabilities
Accounts Payable 0
Notes & Loans Payable 0
Accrued Expenses 1,532,888
Intercompany Payables 0
------------
Total Liabilities 236,935,208
Equity
Common Stock 1,388,356
Paid In Capital 227,962,103
Retained Earnings (264,773,621)
YTD Net Income/(Loss) (250)
------------
Total Equity (35,423,162)
------------
Total Liabilities & Owners' Equity $201,512,046
============
Parmalat USA Corporation
Income Statement
From January 30, 2005, to February 26, 2005
Revenues
Gross sales $0
Less: Returns & discounts 0
------------
Net sales 0
Expenses
Raw Materials & Ingredients 0
Packaging 0
Direct Labor 0
Power 0
Freight 0
Distribution 0
Industrial Depreciation 0
Production Overhead 0
Warehouse (Cooler) 0
Marketing Costs 0
Sales Admin Expenses 0
General Expenses 0
Financial Costs 0
Goodwill/trademarks 0
Extraordinary 0
Corporate Allocation 0
Depreciation 0
Amortization 0
Income Taxes 0
------------
Total Expenses 0
Reorganization Expenses
U.S. Trustee Fees 250
Other 0
------------
Total Reorganization Expenses 250
------------
Net Profit (Loss) ($250)
============
Parmalat USA Corporation received no cash nor made disbursements
from January 30, 2005, to February 26, 2005.
Headquartered in Wallington, New Jersey, Parmalat U.S.A.
Corporation -- http://www.parmalatusa.com/-- generates more
than EUR7 billion in annual revenue. The Parmalat Group's 40-
some brand product line includes milk, yogurt, cheese, butter,
cakes and cookies, breads, pizza, snack foods and vegetable
sauces, soups and juices. The company employs over 36,000
workers in 139 plants located in 31 countries on six continents.
It filed for chapter 11 protection on February 24, 2004 (Bankr.
S.D.N.Y. Case No. 04-11139). Gary Holtzer, Esq., and Marcia L.
Goldstein, Esq., at Weil Gotshal & Manges LLP represent the
Debtors in their restructuring efforts. When the U.S. Debtors
filed for bankruptcy protection, they reported more than $200
million in assets and debts. The Bankruptcy Court confirmed the
U.S. Debtors' Plan of Reorganization on March 7, 2005. (Parmalat
Bankruptcy News, Issue No. 51; Bankruptcy Creditors' Service,
Inc., 215/945-7000)
PARMALAT: Milk Products' January 2005 Monthly Operating Report
--------------------------------------------------------------
Farmland Stremicks SUB, LLC
Formerly Milk Products of Alabama, LLC
Balance Sheet
As of January 29, 2005
Assets
Cash & Cash Equivalents $8,039,806
Accounts Receivable-Net 0
Inventory 0
Prepaid Expenses 0
Other Current Assets 0
------------
Total Current Assets 8,039,806
Fixed Assets 0
Accumulated Depreciation 0
------------
Net Fixed Assets 0
Other Assets 0
Intercompany Receivables 2,730,650
------------
Total Assets $10,770,456
============
Liabilities Subject to Compromise
Accrued Expenses $903,679
Intercompany payables 4,967,846
------------
Total Liabilities Subject to Compromise 5,871,525
Liabilities
Accounts Payable -
Accrued Expenses 3,105,894
------------
Total Current Liabilities 3,105,894
Long Term Notes Payable -- Intercompany -
Other 422,485
------------
Total Long Term Liabilities 422,485
Intercompany Payables 0
------------
Total Liabilities 9,399,904
Equity
Retained Earnings 1,689,924
YTD Net Income/(Loss) (319,372)
------------
Total Equity 1,370,552
------------
Total Liabilities & Owners' Equity $10,770,456
============
Farmland Stremicks SUB, LLC
Formerly Milk Products of Alabama, LLC
Income Statement
From December 26, 2004, to January 29, 2005
Revenues
Gross sales $0
Less: Returns & discounts 0
------------
Net sales 0
Expenses
Raw Materials & Ingredients 0
Packaging 0
Direct Labor 0
Power 0
Freight 0
Industrial Depreciation 0
Production Overhead 0
Warehouse (Cooler) 0
Marketing Costs 0
Sales Admin Expenses 0
General Expenses 0
Financial Costs 0
Other (Income) Expense 0
Extraordinary 0
Corporate Allocation 0
Income Taxes 0
------------
Total Expenses 0
Reorganization Expenses
Professional Fees 297,293
U.S. Trustee Fees 0
Other 22,079
------------
Total Reorganization Expenses 319,372
------------
Net Profit (Loss) ($319,372)
============
Farmland Stremicks SUB, LLC
Formerly Milk Products of Alabama, LLC
Cash Receipts and Disbursements
From December 26, 2004, to January 29, 2005
Cash - Beginning of Month $8,313,560
Receipts From Operations
Cash Sales 0
Collection of Accounts Receivable
Prepetition 0
Postpetition 0
------------
Total Operating Receipts 0
Non - Operating Receipts
Transfers 0
Other 47,558
------------
Total Non-Operating Receipts 47,558
------------
Total Receipts 47,558
------------
Total Cash Available 8,361,118
Operating Disbursements
Purchased Products 0
Consulting Fees 0
Ingredients 0
Licenses & Taxes 0
Packaging 61
R & M, Parts, Supplies 0
Other 23,626
Utilities 332
Marketing Costs 0
Securitization Payment 0
Sales Admin Expenses 0
General Expenses 0
Title Fees 0
Employee-related 0
Freight/Transportation 0
Corporate Allocation 0
Income Taxes 0
------------
Total expenses 24,019
Reorganization Expenses
Professional Fees 297,293
U.S. Trustee Fees 0
DIP Interest & Fees 0
------------
Total Reorganization Expenses 297,293
------------
Total Disbursements 321,312
------------
Net Cash Flow (273,754)
------------
Cash - End of Month $8,039,806
============
Headquartered in Wallington, New Jersey, Parmalat U.S.A.
Corporation -- http://www.parmalatusa.com/-- generates more
than EUR7 billion in annual revenue. The Parmalat Group's 40-
some brand product line includes milk, yogurt, cheese, butter,
cakes and cookies, breads, pizza, snack foods and vegetable
sauces, soups and juices. The company employs over 36,000
workers in 139 plants located in 31 countries on six continents.
It filed for chapter 11 protection on February 24, 2004 (Bankr.
S.D.N.Y. Case No. 04-11139). Gary Holtzer, Esq., and Marcia L.
Goldstein, Esq., at Weil Gotshal & Manges LLP represent the
Debtors in their restructuring efforts. When the U.S. Debtors
filed for bankruptcy protection, they reported more than $200
million in assets and debts. The Bankruptcy Court confirmed the
U.S. Debtors' Plan of Reorganization on March 7, 2005. (Parmalat
Bankruptcy News, Issue No. 51; Bankruptcy Creditors' Service,
Inc., 215/945-7000)
PARMALAT: Milk Products' February 2005 Monthly Operating Report
---------------------------------------------------------------
Farmland Stremicks SUB, LLC
Formerly Milk Products of Alabama, LLC
Balance Sheet
As of February 26, 2005
Assets
Cash & Cash Equivalents $7,814,162
Accounts Receivable-Net 0
Inventory 0
Prepaid Expenses 0
Other Current Assets 0
--------------
Total Current Assets 7,814,162
Fixed Assets 0
Accumulated Depreciation 0
--------------
Net Fixed Assets 0
Other Assets 0
Intercompany Receivables 2,730,762
--------------
Total Assets $10,544,924
==============
Liabilities Subject to Compromise
Accrued Expenses $903,679
Intercompany payables 4,967,846
--------------
Total Liabilities Subject to Compromise 5,871,525
Liabilities
Accounts Payable 0
Accrued Expenses 3,133,476
--------------
Total Current Liabilities 3,133,476
Long Term Notes Payable -- Intercompany 0
Other 422,485
--------------
Total Long Term Liabilities 422,485
Intercompany Payables 0
--------------
Total Liabilities 9,427,486
Equity
Retained Earnings 1,689,924
YTD Net Income/(Loss) (572,486)
--------------
Total Equity 1,117,438
--------------
Total Liabilities & Owners' Equity $10,544,924
==============
Farmland Stremicks SUB, LLC
Formerly Milk Products of Alabama, LLC
Income Statement
From January 30, 2005, to February 26, 2005
Revenues
Gross sales $0
Less: Returns & discounts 0
--------------
Net sales 0
Expenses
Raw Materials & Ingredients 0
Packaging 0
Direct Labor 0
Power 0
Freight 0
Industrial Depreciation 0
Production Overhead 0
Warehouse (Cooler) 0
Marketing Costs 0
Sales Admin Expenses 0
General Expenses 845
Financial Costs 0
Other (Income) Expense 0
Extraordinary 0
Corporate Allocation 0
Income Taxes 0
--------------
Total Expenses 845
Reorganization Expenses
Professional Fees 211,904
U.S. Trustee Fees 10,000
Other 30,365
--------------
Total Reorganization Expenses 252,269
--------------
Net Profit (Loss) ($253,114)
==============
Farmland Stremicks SUB, LLC
Formerly Milk Products of Alabama, LLC
Cash Receipts and Disbursements
From January 30, 2005, to February 26, 2005
Cash - Beginning of Month $8,039,806
Receipts From Operations
Cash Sales 0
Collection of Accounts Receivable
Prepetition 0
Postpetition 0
--------------
Total Operating Receipts 0
Non - Operating Receipts
Transfers 0
Other 0
--------------
Total Non-Operating Receipts 0
--------------
Total Receipts 0
--------------
Total Cash Available 8,039,806
Operating Disbursements
Purchased Products 0
Consulting Fees 0
Ingredients 0
Licenses & Taxes 0
Packaging 0
R & M, Parts, Supplies 0
Other 3,740
Utilities 0
Marketing Costs 0
Securitization Payment 0
Sales Admin Expenses 0
General Expenses 0
Title Fees 0
Employee-related 0
Freight/Transportation 0
Corporate Allocation 0
Income Taxes 0
--------------
Total expenses 3,740
Reorganization Expenses
Professional Fees 211,904
U.S. Trustee Fees 10,000
DIP Interest & Fees 0
--------------
Total Reorganization Expenses 221,904
--------------
Total Disbursements 225,644
--------------
Net Cash Flow (225,644)
--------------
Cash - End of Month $7,814,162
==============
Headquartered in Wallington, New Jersey, Parmalat U.S.A.
Corporation -- http://www.parmalatusa.com/-- generates more
than EUR7 billion in annual revenue. The Parmalat Group's 40-
some brand product line includes milk, yogurt, cheese, butter,
cakes and cookies, breads, pizza, snack foods and vegetable
sauces, soups and juices. The company employs over 36,000
workers in 139 plants located in 31 countries on six continents.
It filed for chapter 11 protection on February 24, 2004 (Bankr.
S.D.N.Y. Case No. 04-11139). Gary Holtzer, Esq., and Marcia L.
Goldstein, Esq., at Weil Gotshal & Manges LLP represent the
Debtors in their restructuring efforts. When the U.S. Debtors
filed for bankruptcy protection, they reported more than $200
million in assets and debts. The Bankruptcy Court confirmed the
U.S. Debtors' Plan of Reorganization on March 7, 2005. (Parmalat
Bankruptcy News, Issue No. 51; Bankruptcy Creditors' Service,
Inc., 215/945-7000)
PARMALAT: Farmland Dairies' January 2005 Monthly Operating Report
-----------------------------------------------------------------
Farmland Dairies, LLC
Balance Sheet
As of January 29, 2005
Assets
Cash & Cash Equivalents $7,990,417
Accounts Receivable-Trade 34,232,604
Accounts Rec.-Securitization (27,426,350)
Notes Receivable 179,771
Inventory 11,096,130
Prepaid Expenses 8,964,506
Other Current Assets 5,433,450
------------
Total Current Assets 40,470,528
Fixed Assets 175,823,498
Accumulated Depreciation 118,550,780
------------
Net Fixed Assets 57,272,718
Other Assets (14,390,961)
Intercompany Receivables 14,347,591
------------
Total Assets $97,699,876
============
Liabilities Subject to Compromise:
Accounts Payable 13,403,760
Accrued Expenses 0
Intercompany Payables 21,627,999
Capital Lease 96,226,490
------------
Total Liabilities Subject to Compromise 131,258,249
Liabilities:
Notes & Loans Payable -
Capital Leases - Short Term -
Accounts Payable 10,159,725
Accrued Expenses 33,224,783
------------
Total Current Liabilities 43,384,508
Notes & Loans Payable 30,116,608
Capital Leases - Long Term 35,698
Other 5,143,375
------------
Total Long Term Liabilities 35,295,681
Intercompany Payables 25,243
------------
Total Liabilities 209,963,681
Equity
Paid In Capital 161,506,590
Accum Comprehensive Income (4,009,205)
Retained Earnings (266,801,861)
YTD Net Income/(Loss) (2,959,329)
------------
Total Equity (112,263,805)
------------
Total Liabilities & Owners' Equity $97,699,876
============
Farmland Dairies, LLC
Income Statement
From December 26, 2004, to January 29, 2005
Revenues
Gross sales $33,342,670
Less: Returns & discounts 796,082
------------
Net sales 32,546,588
Expenses
Raw Materials & Ingredients 20,389,210
Packaging 2,809,510
Direct Labor 928,668
Power 501,800
Freight 349,570
Distribution 2,671,108
Industrial Depreciation 395,144
Production Overhead 2,145,612
Warehouse (Cooler) 1,655,317
Marketing Costs 847,309
Sales Admin Expenses 395,991
General Expenses 1,183,831
Financial Costs 531,060
Goodwill/trademarks 0
Extraordinary 12,549
Corporate Allocation 0
Provision for Income Taxes 0
------------
Total Expenses 34,816,679
Reorganization Expenses 689,238
------------
Net Profit (Loss) ($2,959,329)
============
Farmland Dairies, LLC
Cash Receipts and Disbursements
From December 26, 2004, to January 29, 2005
Cash - Beginning of Month $11,973,550
Receipts From Operations
Cash Sales 0
Collection of Accounts Receivable
Prepetition 98,644
Postpetition 35,238,037
------------
Total Operating Receipts 35,336,681
Non - Operating Receipts
Payments from/(to) GE Capital (2,112,000)
Voided Checks (Prepetition) 0
Adjustments (877)
Deposits -- Other 2,372,917
Transfers 0
------------
Total Non-Operating Receipts 260,040
------------
Total Receipts 35,596,271
------------
Total Cash Available 47,570,271
Operating Disbursements
Chemicals 172,365
Commissions 194,275
Consulting/Legal 152,878
Co-packing 531,253
Employee & Employee-related expenses 989,724
Equipment Leases 516,941
Freight & Postage 228,931
Fuel 82,531
Transportation 532,516
Ingredients 948,522
Insurance 1,563,265
Lab Fees 31,997
Licenses & Taxes 167,570
Marketing 26,118
Other 301,704
Packaging 2,680,502
Pallets/Cases/Bossies 290,877
Milk Producers 15,524,663
Marketing Administrator 257,572
Purchased Products 1,123,800
R & M, Parts, Supplies 1,072,139
Raw Milk 1,441,986
Rebates 189,060
Rent 192,810
Security 195,667
Temporary Labor 87,059
Travel & Entertainment 60,951
Utilities 871,388
Securitization Payments 2,247,068
Payroll 4,469,514
Payroll Taxes 546,111
Voided Checks (Postpetition) 0
------------
Total expenses 37,691,757
Reorganization Expenses
Professional Fees 1,657,028
U.S. Trustee Fees 0
DIP Interest & Fees 231,069
------------
Total Reorganization Expenses 1,888,097
------------
Total Disbursements 39,579,854
------------
Net Cash Flow (3,983,133)
------------
Cash - End of Month $7,990,417
============
Headquartered in Wallington, New Jersey, Parmalat U.S.A.
Corporation -- http://www.parmalatusa.com/-- generates more
than EUR7 billion in annual revenue. The Parmalat Group's 40-
some brand product line includes milk, yogurt, cheese, butter,
cakes and cookies, breads, pizza, snack foods and vegetable
sauces, soups and juices. The company employs over 36,000
workers in 139 plants located in 31 countries on six continents.
It filed for chapter 11 protection on February 24, 2004 (Bankr.
S.D.N.Y. Case No. 04-11139). Gary Holtzer, Esq., and Marcia L.
Goldstein, Esq., at Weil Gotshal & Manges LLP represent the
Debtors in their restructuring efforts. When the U.S. Debtors
filed for bankruptcy protection, they reported more than
$200 million in assets and debts. The Bankruptcy Court confirmed
the U.S. Debtors' Plan of Reorganization on March 7, 2005. That
plan took effect on Apr. 13, 2005. (Parmalat Bankruptcy News,
Issue No. 51; Bankruptcy Creditors' Service, Inc., 215/945-7000)
PARMALAT: Farmland Dairies' February 2005 Monthly Operating Report
------------------------------------------------------------------
Farmland Dairies, LLC
Balance Sheet
As of February 26, 2005
Assets
Cash & Cash Equivalents $5,846,689
Accounts Receivable-Trade 32,998,369
Accounts Rec.-Securitization (24,942,350)
Notes Receivable 177,559
Inventory 9,950,893
Prepaid Expenses 8,831,595
Other Current Assets 5,420,406
------------
Total Current Assets 38,283,161
Fixed Assets 173,946,573
Accumulated Depreciation 117,305,959
------------
Net Fixed Assets 56,640,614
Other Assets (14,297,285)
Intercompany Receivables 14,347,841
------------
Total Assets $94,974,331
============
Liabilities Subject to Compromise:
Accounts Payable 12,184,046
Accrued Expenses 0
Intercompany Payables 21,627,999
Capital Lease 96,226,490
------------
Total Liabilities Subject to Compromise 130,038,535
Liabilities:
Notes & Loans Payable -
Capital Leases - Short Term -
Accounts Payable 10,124,468
Accrued Expenses 34,753,917
------------
Total Current Liabilities 44,878,385
Notes & Loans Payable 30,104,363
Capital Leases - Long Term 33,735
Other 5,143,375
------------
Total Long Term Liabilities 35,281,473
Intercompany Payables 25,355
------------
Total Liabilities 210,223,748
Equity
Paid In Capital 161,506,590
Accum Comprehensive Income (4,009,205)
Retained Earnings (266,801,861)
YTD Net Income/(Loss) (5,944,941)
------------
Total Equity (115,249,417)
------------
Total Liabilities & Owners' Equity $94,974,331
============
Farmland Dairies, LLC
Income Statement
From January 30, 2005, to February 26, 2005
Revenues
Gross sales $25,282,866
Less: Returns & discounts 654,843
------------
Net sales 24,628,023
Expenses
Raw Materials & Ingredients 14,652,251
Packaging 2,299,019
Direct Labor 663,240
Power 318,700
Freight 241,459
Distribution 2,114,908
Industrial Depreciation 323,605
Production Overhead 1,408,613
Warehouse (Cooler) 1,112,247
Marketing Costs 700,410
Sales Admin Expenses 348,794
General Expenses 971,332
Financial Costs 393,623
Goodwill/trademarks 0
Extraordinary 11,962
Corporate Allocation 0
Provision for Income Taxes 0
------------
Total Expenses 25,560,163
Reorganization Expenses 2,053,472
------------
Net Profit (Loss) ($2,985,612)
============
Farmland Dairies, LLC
Cash Receipts and Disbursements
From January 30, 2005, to February 26, 2005
Cash - Beginning of Month $7,990,416
Receipts From Operations
Cash Sales 0
Collection of Accounts Receivable
Prepetition 109,950
Postpetition 27,313,779
------------
Total Operating Receipts 27,423,739
Non - Operating Receipts
Payments from/(to) GE Capital 0
Voided Checks (Prepetition) 0
Adjustments (1,765)
Deposits -- Other 828,903
Transfers 0
------------
Total Non-Operating Receipts 827,138
------------
Total Receipts 28,250,877
------------
Total Cash Available 36,241,293
Operating Disbursements
Chemicals 346,542
Commissions 61,228
Consulting/Legal 60,286
Co-packing 433,253
Employee & Employee-related expenses 733,772
Equipment Leases 366,071
Freight & Postage 92,378
Fuel 41,633
Transportation 393,790
Ingredients 546,112
Insurance 14,064
Lab Fees 9,672
Licenses & Taxes 115,815
Marketing 10,293
Other 472,207
Packaging 1,372,217
Pallets/Cases/Bossies 77,887
Milk Producers 14,089,340
Marketing Administrator 1,000,614
Purchased Products 790,882
R & M, Parts, Supplies 582,549
Raw Milk 605,733
Rebates 129,831
Rent 192,360
Security 60,888
Temporary Labor 52,861
Travel & Entertainment 29,212
Utilities 541,125
Securitization Payments 2,610,132
Payroll 2,874,243
Payroll Taxes 270,722
Voided Checks (Postpetition) 0
------------
Total expenses 28,977,712
Reorganization Expenses
Professional Fees 1,193,345
U.S. Trustee Fees 10,250
DIP Interest & Fees 213,297
------------
Total Reorganization Expenses 1,416,892
------------
Total Disbursements 30,394,604
------------
Net Cash Flow (2,143,727)
------------
Cash - End of Month $5,846,689
============
Headquartered in Wallington, New Jersey, Parmalat U.S.A.
Corporation -- http://www.parmalatusa.com/-- generates more
than EUR7 billion in annual revenue. The Parmalat Group's 40-
some brand product line includes milk, yogurt, cheese, butter,
cakes and cookies, breads, pizza, snack foods and vegetable
sauces, soups and juices. The company employs over 36,000
workers in 139 plants located in 31 countries on six continents.
It filed for chapter 11 protection on February 24, 2004 (Bankr.
S.D.N.Y. Case No. 04-11139). Gary Holtzer, Esq., and Marcia L.
Goldstein, Esq., at Weil Gotshal & Manges LLP represent the
Debtors in their restructuring efforts. When the U.S. Debtors
filed for bankruptcy protection, they reported more than
$200 million in assets and debts. The Bankruptcy Court confirmed
the U.S. Debtors' Plan of Reorganization on March 7, 2005. That
plan took effect on Apr. 13, 2005. (Parmalat Bankruptcy News,
Issue No. 51; Bankruptcy Creditors' Service, Inc., 215/945-7000)
ROBOTIC VISION: Posts $1.7 Million Net Loss in February 2005
------------------------------------------------------------
On Apr. 1, 2005, Robotic Vision Systems, Inc., n/k/a Acuity
Cimatrix, Inc., delivered a copy of its February 2005 monthly
operating report to the U.S. Securities and Exchange Commission.
Robotic Vision reported a $1,689,000 net loss on $3,251,000 of
gross revenues for the month ending Feb. 28, 2005.
At Feb. 28, 2005, Robotic Vision's balance sheet showed:
Total Current Assets $19,163,000
Total Assets 46,006,000
Total Liabilities Subject to Compromise 55,097,000
Total Liabilities 56,436,000
Shareholders' Equity Deficit ($10,430,000)
A full-text copy of Robotic Vision Systems, Inc.'s February 2005
Monthly Operating Report is available at no charge at:
http://www.sec.gov/Archives/edgar/data/225868/000119312505075347/dex991.htm
Headquartered in Nashua, New Hampshire, Robotic Vision Systems,
Inc., n/k/a Acuity Cimatrix, Inc. -- http://www.rvsi.com/--
designs, manufactures and markets machine vision, automatic
identification and related products for the semiconductor capital
equipment, electronics, automotive, aerospace, pharmaceutical and
other industries. The Company, together with its debtor-
affiliate, filed for chapter 11 protection on Nov. 19, 2004
(Bankr. D. N.H. Case No. 04-14151). Bruce A. Harwood, Esq., at
Sheehan, Phinney, Bass + Green represents the Debtors in their
restructuring efforts. When the Debtors filed for protection from
their creditors, they listed $43,046,000 in total assets and
$51,338,000 in total debts.
THAXTON GROUP: Posts $30.8 Million Net Loss in February 2005
------------------------------------------------------------
On Mar. 30, 2005, The Thaxton Group filed its monthly operating
report for February 2005 with the U.S. Bankruptcy Court for the
District of Delaware.
The company reported a cumulative net loss of $4,677,273 on
$12,849 revenue for the period from Jan. 1, 2005 thru
Feb. 28, 2005.
At Feb. 28, 2005, the Company's balance sheet reflects:
Total Assets $155,272,332
Total Liabilities 185,299,508
Stockholders' Deficit ($30,027,176)
A full-text copy of Thaxton Group's February 2005 Monthly
Operating Report is available at no charge at:
http://www.sec.gov/Archives/edgar/data/1001430/000119312505071760/dex991.htm
Headquartered in Lancaster, South Carolina, The Thaxton Group,
Inc., is a diversified consumer financial services company. The
Company and its debtor-affiliates filed for Chapter 11 protection
on October 17, 2003 (Bankr. Del. Case No. 03-13183). The Debtors
are represented by Michael G. Busenkell, Esq., and Robert J.
Dehney, Esq., at Morris, Nichols, Arsht & Tunnell. When the
Debtors filed for protection from their creditors, they listed
$206 million in assets and $242 million in debts.
TOWER AUTOMOTIVE: Files Schedules of Assets & Debts
---------------------------------------------------
A. Real Property -
B. Personal Property
B.1 Cash on Hand -
B.2 Bank Accounts
Comerica Bank, Acct (1000091908) $412,628
Comerica Bank, Acct (328770) 57,809
Comerica Investments, Acct (165000115) 31,200,000
B.3 Security -
B.4 Household goods -
B.5 Books, art work & collectibles -
B.6 Wearing apparel -
B.7 Furs and jewelry -
B.8 Firearms and sporting goods -
B.9 Interests in insurance policies undetermined
B.10 Annuities -
B.11 Interests in retirement plans -
B.12 Stock interests -
B.13 Interests in Partnerships -
B.14 Bonds -
B.15 Accounts receivable undetermined
B.16 Alimony -
B.17 Other liquidated debts owed -
B.18 Equitable and future interests -
B.19 Contingent interests -
B.20 Other contingent & unliquidated claims undetermined
B.21 Patents, copyrights & trademarks -
B.22 Other intangibles undetermined
B.23 Automobiles -
B.24 Boats -
B.25 Aircraft -
B.26 Office equipment and supplies -
B.27 Machinery, furniture and fixtures -
B.28 Inventory -
B.29 Animals -
B.30 Crops -
B.31 Farming equipment -
B.32 Farm supplies -
B.33 Other personal property
Other current assets 2,498
Other long-term assets 964,092,576
TOTAL SCHEDULED ASSETS $995,765,511
========================================================
C. Property Claimed as Exempt Not Applicable
D. Secured Claims undetermined
E. Unsecured Priority Claims undetermined
F. Unsecured Non-Priority Claims
HSBC Bank USA, as Successor Trustee 125,000,000
Wells Fargo, as Trustee 258,750,000
TOTAL SCHEDULED LIABILITIES $391,633,671
========================================================
Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc.
-- http://www.towerautomotive.com/-- is a global designer and
producer of vehicle structural components and assemblies used by
every major automotive original equipment manufacturer, including
BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan,
Toyota, Volkswagen and Volvo. Products include body structures
and assemblies, lower vehicle frames and structures, chassis
modules and systems, and suspension components. The Company and
25 of its debtor-affiliates filed voluntary chapter 11 petitions
on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through
05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq.,
Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet,
Esq., at Kirkland & Ellis, LLP, represent the Debtors in their
restructuring efforts. When the Debtors filed for protection from
their creditors, they listed $787,948,000 in total assets and
$1,306,949,000 in total debts. (Tower Automotive Bankruptcy News,
Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000)
TOWER AUTOMOTIVE: Allgoods USA Inc.'s Schedules of Assets & Debts
-----------------------------------------------------------------
A. Real Property -
B. Personal Property
B.9 Interests in insurance policies undetermined
TOTAL SCHEDULED ASSETS -
========================================================
C. Property Claimed as Exempt Not Applicable
D. Secured Claims -
E. Unsecured Priority Claims undetermined
F. Unsecured Non-Priority Claims undetermined
TOTAL SCHEDULED LIABILITIES -
========================================================
Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc.
-- http://www.towerautomotive.com/-- is a global designer and
producer of vehicle structural components and assemblies used by
every major automotive original equipment manufacturer, including
BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan,
Toyota, Volkswagen and Volvo. Products include body structures
and assemblies, lower vehicle frames and structures, chassis
modules and systems, and suspension components. The Company and
25 of its debtor-affiliates filed voluntary chapter 11 petitions
on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through
05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq.,
Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet,
Esq., at Kirkland & Ellis, LLP, represent the Debtors in their
restructuring efforts. When the Debtors filed for protection from
their creditors, they listed $787,948,000 in total assets and
$1,306,949,000 in total debts. (Tower Automotive Bankruptcy News,
Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000)
TOWER AUTOMOTIVE: Bardstown Inc.'s Schedules of Assets & Debts
--------------------------------------------------------------
A. Real Property
Land & land improvements $244,738
Building & improvements 13,657,083
B. Personal Property
B.1 Cash on Hand 500
B.9 Interests in insurance policies undetermined
B.15 Accounts receivable
I/C receivable undetermined
Accounts receivable 7,538,514
Receivables sold (7,255,455)
Trade payable credits 50,993
B.17 Other liquidated debts owed
Other receivables 4,860,000
Customer reimbursed tooling receivables 540,000
B.23 Automobiles 2,155
B.26 Office equipment and supplies 23,809
B.27 Machinery, furniture and fixtures 47,153,073
B.28 Inventory
Raw material inventory control 5,044,747
Purchased parts inventory 843,614
Work-in-process inventory 1,069,197
Finished goods inventory 2,345,970
Packaging material inventory 2,574
Inventory cutoff adjustment 61,252
Non-std inventory (221,368)
B.33 Other personal property
Other long-term assets 3,414,110
Construction in progress 412,823
TOTAL SCHEDULED ASSETS $79,788,331
========================================================
C. Property Claimed as Exempt Not Applicable
D. Secured Claims
JPMorgan Chase $43,000,000
E. Unsecured Priority Claims undetermined
F. Unsecured Non-Priority Claims
Berrang, Inc. 88,625
Clark & Osbourne 75,324
The Crown Group 112,429
Ford FAO Purchasing 1,427,912
Ford Motor Company 390,780
Form Motor Company - Dearborn 174,302
Fuji Technica, Inc. (Main) 2,129,141
Inland Steel Co. 1,054,472
Ken-Mac Metals, Inc. 340,211
Metalsa 474,118
Mi-Tech Steel 228,481
MST Steel Co. 3,680,677
Murray Machine & Tool, Inc. 214,469
National Material Company 209,158
Nifast Michigan 357,748
Northwest Tool/DIE 196,708
Olympic Steel Lafayette Inc. 140,978
Orbseal 120,802
Precision Coil Inc. 159,742
Shaw Steel, Inc. 489,336
Shiloh Industries Inc. 362,928
Steel Summit - Ohio 194,882
Steel Technologies Inc. 663,166
Toyotomi America Corporation 193,838
Vuteq Engineering Corp. 738,305
Others 2,441,601
TOTAL SCHEDULED LIABILITIES $59,660,133
========================================================
Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc.
-- http://www.towerautomotive.com/-- is a global designer and
producer of vehicle structural components and assemblies used by
every major automotive original equipment manufacturer, including
BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan,
Toyota, Volkswagen and Volvo. Products include body structures
and assemblies, lower vehicle frames and structures, chassis
modules and systems, and suspension components. The Company and
25 of its debtor-affiliates filed voluntary chapter 11 petitions
on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through
05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq.,
Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet,
Esq., at Kirkland & Ellis, LLP, represent the Debtors in their
restructuring efforts. When the Debtors filed for protection from
their creditors, they listed $787,948,000 in total assets and
$1,306,949,000 in total debts. (Tower Automotive Bankruptcy News,
Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000)
TOWER AUTOMOTIVE: Bowling Green LLC's Schedules of Assets & Debts
-----------------------------------------------------------------
A. Real Property
Land & land improvements $400,000
Buildings & improvements 2,272,907
B. Personal Property
B.1 Cash on Hand 1,374
B.9 Interests in insurance policies undetermined
B.15 Accounts receivable
I/C receivable undetermined
Accounts receivable 961,761
Receivables sold (436,344)
B.17 Other liquidated debts owed 163,000
B.20 Other contingent & unliquidated claims undetermined
B.27 Machinery, furniture and fixtures
Furniture & fixtures 58,917
Machinery & equipment 1,817,756
B.28 Inventory
Raw material inventory control 112,591
Work-in-process inventory (97,322)
Finished goods inventory 175,212
Inventory reserve (18,758)
B.33 Other personal property
Other current assets 17,012
Other long-term assets 135,000
TOTAL SCHEDULED ASSETS $5,563,104
========================================================
C. Property Claimed as Exempt Not Applicable
D. Secured Claims -
E. Unsecured Priority Claims undetermined
F. Unsecured Non-Priority Claims
Airgas Safety $3,093
B G Consolidated Inc. 5,167
Bluegrass Industrial - Strip-X 3,459
Concept Packaging 6,514
Cornerstone 3,021
DTR Industries 69,551
Electronic Printing Inc. 4,354
First Response Inc. 5,745
Gusher Pumps, Inc. 5,806
IPAK Foam 4,950
M H Equipment 3,095
Menlo Worldwide 4,609
MKM Machine Tool 102,211
Nifast Michigan 10,493
Nummi (New United Motor Manufacturing, Inc. 73,597
PPG Industries, Inc. 8,618
Randstad 8,415
Rice Chadwick Rubber Co. 9,923
Others 47,28
TOTAL SCHEDULED LIABILITIES $380,349
========================================================
Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc.
-- http://www.towerautomotive.com/-- is a global designer and
producer of vehicle structural components and assemblies used by
every major automotive original equipment manufacturer, including
BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan,
Toyota, Volkswagen and Volvo. Products include body structures
and assemblies, lower vehicle frames and structures, chassis
modules and systems, and suspension components. The Company and
25 of its debtor-affiliates filed voluntary chapter 11 petitions
on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through
05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq.,
Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet,
Esq., at Kirkland & Ellis, LLP, represent the Debtors in their
restructuring efforts. When the Debtors filed for protection from
their creditors, they listed $787,948,000 in total assets and
$1,306,949,000 in total debts. (Tower Automotive Bankruptcy News,
Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000)
TOWER AUTOMOTIVE: Chicago's Schedules of Assets & Debts
-------------------------------------------------------
A. Real Property -
B. Personal Property
B.1 Cash on Hand $500
B.9 Interests in insurance policies undetermined
B.15 Accounts receivable
I/C receivable undetermined
Accounts receivable 11,992,641
Receivables sold (1,715,246)
Trade payable credits 941,461
B.17 Other liquidated debts owed 9,060,000
B.26 Office equipment and supplies 52,947
B.27 Machinery, furniture and fixtures
Furniture & fixtures 120,896
Machinery & equipment 87,396,634
Software 11,681
Computer equipment 51,966
B.28 Inventory
Raw material inventory control 1,548,287
Purchased parts inventory 2,146,519
Work-in-process inventory 1,474,362
Finished goods inventory 877,554
Inventory cutoff adjustment 259,504
B.33 Other personal property
Other current assets 208,521
Other long-term assets 1,625,628
Construction in progress 7,258,771
Leasehold improvements 27,319,487
TOTAL SCHEDULED ASSETS $150,632,114
========================================================
C. Property Claimed as Exempt Not Applicable
D. Secured Claims -
E. Unsecured Priority Claims undetermined
F. Unsecured Non-Priority Claims
Aerotek Contact Engineering $552,287
Any Custom Sheet Metal 91,595
Atlas Tool, Inc. 64,248
Bosch Rexroth Corporation 102,432
Comau Pico Services 406,427
Ford Metal Stamping Chicago 4,835,212
ITW Shakeproof 54,963
L & L Products, Inc. 75,463
Menlo Worldwide 65,089
MI-Tech Steel Inc. 2,862,250
S Mechanical, Inc. 170,387
SET Steel 236,811
United Lift Truck 63,370
US Machinery Movers Inc. 486,808
Worthington Industries 341,165
Others 830,342
TOTAL SCHEDULED LIABILITIES $11,238,849
========================================================
Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc.
-- http://www.towerautomotive.com/-- is a global designer and
producer of vehicle structural components and assemblies used by
every major automotive original equipment manufacturer, including
BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan,
Toyota, Volkswagen and Volvo. Products include body structures
and assemblies, lower vehicle frames and structures, chassis
modules and systems, and suspension components. The Company and
25 of its debtor-affiliates filed voluntary chapter 11 petitions
on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through
05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq.,
Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet,
Esq., at Kirkland & Ellis, LLP, represent the Debtors in their
restructuring efforts. When the Debtors filed for protection from
their creditors, they listed $787,948,000 in total assets and
$1,306,949,000 in total debts. (Tower Automotive Bankruptcy News,
Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000)
TOWER AUTOMOTIVE: Finance's Schedules of Assets & Debts
-------------------------------------------------------
A. Real Property -
B. Personal Property
B.9 Interests in insurance policies undetermined
TOTAL SCHEDULED ASSETS -
========================================================
C. Property Claimed as Exempt Not Applicable
D. Secured Claims -
E. Unsecured Priority Claims undetermined
F. Unsecured Non-Priority Claims undetermined
TOTAL SCHEDULED LIABILITIES -
========================================================
Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc.
-- http://www.towerautomotive.com/-- is a global designer and
producer of vehicle structural components and assemblies used by
every major automotive original equipment manufacturer, including
BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan,
Toyota, Volkswagen and Volvo. Products include body structures
and assemblies, lower vehicle frames and structures, chassis
modules and systems, and suspension components. The Company and
25 of its debtor-affiliates filed voluntary chapter 11 petitions
on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through
05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq.,
Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet,
Esq., at Kirkland & Ellis, LLP, represent the Debtors in their
restructuring efforts. When the Debtors filed for protection from
their creditors, they listed $787,948,000 in total assets and
$1,306,949,000 in total debts. (Tower Automotive Bankruptcy News,
Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000)
TOWER AUTOMOTIVE: Granite City's Schedules of Assets & Debts
------------------------------------------------------------
A. Real Property -
B. Personal Property
B.9 Interests in insurance policies undetermined
TOTAL SCHEDULED ASSETS -
========================================================
C. Property Claimed as Exempt Not Applicable
D. Secured Claims -
E. Unsecured Priority Claims undetermined
F. Unsecured Non-Priority Claims undetermined
TOTAL SCHEDULED LIABILITIES -
========================================================
Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc.
-- http://www.towerautomotive.com/-- is a global designer and
producer of vehicle structural components and assemblies used by
every major automotive original equipment manufacturer, including
BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan,
Toyota, Volkswagen and Volvo. Products include body structures
and assemblies, lower vehicle frames and structures, chassis
modules and systems, and suspension components. The Company and
25 of its debtor-affiliates filed voluntary chapter 11 petitions
on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through
05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq.,
Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet,
Esq., at Kirkland & Ellis, LLP, represent the Debtors in their
restructuring efforts. When the Debtors filed for protection from
their creditors, they listed $787,948,000 in total assets and
$1,306,949,000 in total debts. (Tower Automotive Bankruptcy News,
Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000)
TOWER AUTOMOTIVE: Granite City LLC's Schedules of Assets & Debts
----------------------------------------------------------------
A. Real Property -
B. Personal Property
B.1 Cash on Hand $500
B.9 Interests in insurance policies undetermined
B.15 Accounts receivable
I/C receivable undetermined
Accounts receivable 2,594,723
Receivables sold (1,311,500)
Trade payable credit 1,309
B.17 Other liquidated debts owed 8,560,000
B.27 Machinery, furniture and fixtures
Furniture & fixtures 44,159
Machinery & equipment 23,599,545
Software 9,583
Computer equipment 58,114
B.28 Inventory
Raw material inventory control 736,898
Purchased parts inventory 1,924,309
Work-in-process inventory 611,619
Finished goods inventory 1,210,849
Inventory cutoff adjustment 26,191
Inventory obsolete & slow moving (212,582)
B.33 Other personal property
Other current assets 743,202
Other long-term assets 3,625,728
Leasehold improvements 1,539,534
TOTAL SCHEDULED ASSETS $43,762,180
========================================================
C. Property Claimed as Exempt Not Applicable
D. Secured Claims -
E. Unsecured Priority Claims undetermined
F. Unsecured Non-Priority Claims
Acemco Automotive $65,404
Advanced Tooling Systems, Inc. 116,510
American Steel Products 496,456
Bachman Machine Company 69,274
Burnside Industries LLC 80,269
Cooper Engineering Products 61,804
Cooperheat MQS 158,318
Ford Motor Company 5,531,066
Illinois Power 99,309
J.F. Electric 94,868
Lemforder Corporation 1,917,724
LMC Industries, Inc. 283,413
Matsu Alabama, Inc. 61,986
Menlo Logistics 181,768
National Material Company 989,794
PPG Industries 58,693
Storeroom Solutions Inc. 173,847
Summit Tooling 117,752
Thiel Tool & Eng. Co. 72,166
TRW Automotive Steering 82,608
Wainwright Industries, Inc. 140,843
Worthington Steel 3,532,126
Others 767,054
TOTAL SCHEDULED LIABILITIES $15,153,052
========================================================
Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc.
-- http://www.towerautomotive.com/-- is a global designer and
producer of vehicle structural components and assemblies used by
every major automotive original equipment manufacturer, including
BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan,
Toyota, Volkswagen and Volvo. Products include body structures
and assemblies, lower vehicle frames and structures, chassis
modules and systems, and suspension components. The Company and
25 of its debtor-affiliates filed voluntary chapter 11 petitions
on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through
05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq.,
Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet,
Esq., at Kirkland & Ellis, LLP, represent the Debtors in their
restructuring efforts. When the Debtors filed for protection from
their creditors, they listed $787,948,000 in total assets and
$1,306,949,000 in total debts. (Tower Automotive Bankruptcy News,
Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000)
TOWER AUTOMOTIVE: International's Schedules of Assets & Debts
-------------------------------------------------------------
A. Real Property -
B. Personal Property
B.9 Interests in insurance policies undetermined
B.15 Accounts receivable undetermined
B.20 Other contingent & unliquidated claims undetermined
B.33 Other personal property $236,562,117
TOTAL SCHEDULED ASSETS $236,562,117
========================================================
C. Property Claimed as Exempt Not Applicable
D. Secured Claims -
E. Unsecured Priority Claims undetermined
F. Unsecured Non-Priority Claims undetermined
TOTAL SCHEDULED LIABILITIES -
========================================================
Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc.
-- http://www.towerautomotive.com/-- is a global designer and
producer of vehicle structural components and assemblies used by
every major automotive original equipment manufacturer, including
BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan,
Toyota, Volkswagen and Volvo. Products include body structures
and assemblies, lower vehicle frames and structures, chassis
modules and systems, and suspension components. The Company and
25 of its debtor-affiliates filed voluntary chapter 11 petitions
on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through
05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq.,
Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet,
Esq., at Kirkland & Ellis, LLP, represent the Debtors in their
restructuring efforts. When the Debtors filed for protection from
their creditors, they listed $787,948,000 in total assets and
$1,306,949,000 in total debts. (Tower Automotive Bankruptcy News,
Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000)
TOWER AUTOMOTIVE: Int'l. Yorozu's Schedules of Assets & Debts
-------------------------------------------------------------
A. Real Property -
B. Personal Property
B.9 Interests in insurance policies undetermined
B.15 Accounts receivable undetermined
B.33 Other personal property $10,000,000
TOTAL SCHEDULED ASSETS $10,000,000
========================================================
C. Property Claimed as Exempt Not Applicable
D. Secured Claims -
E. Unsecured Priority Claims -
F. Unsecured Non-Priority Claims undetermined
TOTAL SCHEDULED LIABILITIES -
========================================================
Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc.
-- http://www.towerautomotive.com/-- is a global designer and
producer of vehicle structural components and assemblies used by
every major automotive original equipment manufacturer, including
BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan,
Toyota, Volkswagen and Volvo. Products include body structures
and assemblies, lower vehicle frames and structures, chassis
modules and systems, and suspension components. The Company and
25 of its debtor-affiliates filed voluntary chapter 11 petitions
on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through
05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq.,
Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet,
Esq., at Kirkland & Ellis, LLP, represent the Debtors in their
restructuring efforts. When the Debtors filed for protection from
their creditors, they listed $787,948,000 in total assets and
$1,306,949,000 in total debts. (Tower Automotive Bankruptcy News,
Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000)
TOWER AUTOMOTIVE: Lansing's Schedules of Assets & Debts
-------------------------------------------------------
A. Real Property
Buildings & improvement $12,121,237
B. Personal Property
B.1 Cash on Hand 500
B.9 Interests in insurance policies undetermined
B.15 Accounts receivable
Accounts receivable 22,370,968
Receivables sold (21,564,150)
Trade Payable Credits 39,987
B.17 Other liquidated debts owed
Other receivables 2,154,000
Customer Reimbursed Tooling Receivables 31,000
B.26 Office equipment and supplies
Office equipment 77,950
B.27 Machinery, furniture and fixtures
Furniture & fixtures 28,168
Machinery & equipment 24,967,762
Software 815,133
Computer equipment 90,539
B.28 Inventory
Purchased parts inventory 7,291,665
Finished goods inventory 2,523,914
Inventory cutoff adjustment 1,290,756
Inventory reserve (79,973)
B.33 Other personal property
Other current assets 488,120
Other long-term assets 5,528,590
Construction in progress 37,067
Leasehold improvements 203,719
TOTAL SCHEDULED ASSETS $58,416,953
========================================================
C. Property Claimed as Exempt Not Applicable
D. Secured Claims
GMAC $18,777,000
E. Unsecured Priority Claims undetermined
F. Unsecured Non-Priority Claims
ADC Die Casting 302,156
Benteler Automotive - US 492,825
Bosch (International) 5,186,062
Carcoustics USA, Inc. 131,014
Delphi 378,985
Delphi (Juarez) 4,513,805
Delphi E&C 1,381,024
Delphi Energy & Chassis 337,485
Denso Manufacturing Mich., Inc. 3,025,852
Douglas Autotech 282,029
Dura Automotive Systems, Inc. 105,933
Faurecia 274,729
General Motors Corporation 331,698
GKN 942,439
GKN Automotive, Inc. 1,456,198
GKN Columbia 185,572
GMSPO 670,335
Goodyear Tire & Rubber 979,607
ITT Automotive 526,453
Lemforder 295,604
MBL Corp. 176,396
Mehra Tube Inc. 122,904
Menlo Worldwide Logistics 143,398
New Mather Metals, Inc. 799,482
Piston Modules 8,447,301
Siemens VDO Automotive 1,470,719
Stahl Specialty Company 174,174
Superior Ind. International 1,674,398
Tesma-Hanwha International 151,497
TI/Bundy 120,504
TRW Chassis Systems - Marion 1,120,825
Visteon 1,428,767
Visteon Corp 173,628
Visteon Corporation 868,641
Wahler Metalurgica 133,596
Yazaki North America 5,310,016
Zeuna Starker USA 3,108,581
ZP Steering Systems, LLC 411,977
Others 6,518,229
TOTAL SCHEDULED LIABILITIES $72,931,838
========================================================
Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc.
-- http://www.towerautomotive.com/-- is a global designer and
producer of vehicle structural components and assemblies used by
every major automotive original equipment manufacturer, including
BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan,
Toyota, Volkswagen and Volvo. Products include body structures
and assemblies, lower vehicle frames and structures, chassis
modules and systems, and suspension components. The Company and
25 of its debtor-affiliates filed voluntary chapter 11 petitions
on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through
05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq.,
Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet,
Esq., at Kirkland & Ellis, LLP, represent the Debtors in their
restructuring efforts. When the Debtors filed for protection from
their creditors, they listed $787,948,000 in total assets and
$1,306,949,000 in total debts. (Tower Automotive Bankruptcy News,
Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000)
TOWER AUTOMOTIVE: Madison's Schedules of Assets & Debts
-------------------------------------------------------
A. Real Property -
B. Personal Property
B.9 Interests in insurance policies undetermined
TOTAL SCHEDULED ASSETS -
========================================================
C. Property Claimed as Exempt Not Applicable
D. Secured Claims -
E. Unsecured Priority Claims undetermined
F. Unsecured Non-Priority Claims undetermined
TOTAL SCHEDULED LIABILITIES -
========================================================
Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc.
-- http://www.towerautomotive.com/-- is a global designer and
producer of vehicle structural components and assemblies used by
every major automotive original equipment manufacturer, including
BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan,
Toyota, Volkswagen and Volvo. Products include body structures
and assemblies, lower vehicle frames and structures, chassis
modules and systems, and suspension components. The Company and
25 of its debtor-affiliates filed voluntary chapter 11 petitions
on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through
05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq.,
Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet,
Esq., at Kirkland & Ellis, LLP, represent the Debtors in their
restructuring efforts. When the Debtors filed for protection from
their creditors, they listed $787,948,000 in total assets and
$1,306,949,000 in total debts. (Tower Automotive Bankruptcy News,
Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000)
TOWER AUTOMOTIVE: Michigan's Schedules of Assets & Debts
--------------------------------------------------------
A. Real Property
Land & land improvements $55,240
Buildings & improvements 1,795,335
B. Personal Property
B.1 Cash on Hand 500
B.2 Bank Accounts
Wachovia Bank, Acct (2079900401453) 280,437
Wachovia Bank, Acct (2000014802425) 120,236
B.9 Interests in insurance policies undetermined
B.15 Accounts receivable
I/C receivable undetermined
Accounts receivable 2,262,658
Receivables sold (853,582)
Trade credit payables 47,534
B.17 Other liquidated debts owed 562,000
B.22 Other intangibles 4,666,293
B.23 Automobiles 38,133
B.26 Office equipment and supplies 29,964
B.27 Machinery, furniture and fixtures
Furniture & fixtures 20,454
Machinery & equipment 5,745,341
B.28 Inventory
Raw material inventory control 618,496
Purchased parts inventory 275,463
Work-in-process inventory 456,493
Finished goods inventory 860,090
Inventory cutoff adjustment 17,610
Inventory reserve (42,143)
Inventory transaction errors 18,309
B.33 Other personal property
Other current assets 265,718
Other long-term assets 1,081,370
Construction in progress 2,600
TOTAL SCHEDULED ASSETS $18,324,548
========================================================
C. Property Claimed as Exempt Not Applicable
D. Secured Claims undetermined
E. Unsecured Priority Claims undetermined
F. Unsecured Non-Priority Claims
AK Steel Corporation $149,077
Alcan Aluminum 90,380
The Bing Group 55,477
Delaco Steel Corporation 364,251
Great Lakes Steel 348,792
Greenville Tool & Die 92,430
Kenwal Products Corporation 170,594
Mill Steel Company 86,612
MST Steel Corporation 392,006
Olympic Steel Lafayette Inc. 1,365,841
Rouge Steel Company 353,940
United Furniture Workers 53,080
Worthington Steel 831,864
Others 963,237
TOTAL SCHEDULED LIABILITIES $5,317,581
========================================================
Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc.
-- http://www.towerautomotive.com/-- is a global designer and
producer of vehicle structural components and assemblies used by
every major automotive original equipment manufacturer, including
BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan,
Toyota, Volkswagen and Volvo. Products include body structures
and assemblies, lower vehicle frames and structures, chassis
modules and systems, and suspension components. The Company and
25 of its debtor-affiliates filed voluntary chapter 11 petitions
on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through
05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq.,
Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet,
Esq., at Kirkland & Ellis, LLP, represent the Debtors in their
restructuring efforts. When the Debtors filed for protection from
their creditors, they listed $787,948,000 in total assets and
$1,306,949,000 in total debts. (Tower Automotive Bankruptcy News,
Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000)
TOWER AUTOMOTIVE: Milwaukee's Schedules of Assets & Debts
---------------------------------------------------------
A. Real Property -
B. Personal Property
B.1 Cash on Hand $500
B.9 Interests in insurance policies undetermined
B.15 Accounts receivable
I/C receivable undetermined
Accounts receivable 10,702,266
Receivables sold (10,484,959)
Trade payable credits 1,191,139
B.17 Other liquidated debts owed
Other receivables 134,000
Customer reimbursed tooling receivables 695,000
B.20 Other contingent & unliquidated claims undetermined
B.27 Machinery, furniture and fixtures 6,409,123
B.28 Inventory
Raw material inventory control 216,093
Raw material inventory clearing/transfers 1,174,521
Purchased parts inventory 2,669,141
Work-in-process inventory 434,461
Finished goods inventory 5,907,877
Inventory cutoff adjustment 1,287,453
Inventory service order - other 737,076
Inventory reserve (3,076,393)
B.33 Other personal property
Other current assets 3,601,083
Other long-term assets 11,903,805
TOTAL SCHEDULED ASSETS $33,502,184
========================================================
C. Property Claimed as Exempt Not Applicable
D. Secured Claims -
E. Unsecured Priority Claims undetermined
F. Unsecured Non-Priority Claims
ABB Flexible Automation, Inc. $230,998
Acemco Inc. 292,058
Cold Heading Company 86,683
Daimler Chrysler Corp. 525,908
Doral Corp. 84,289
E & E Mfg. 49,449
Flex-N-Gate 648,173
Flexalloy Textron 49,550
Ford FAQ Purchasing 1,983,220
Ford Motor Company 1,101,867
Genfast Manufacturing Co. 44,311
Heckethorn 205,897
Lacosta 92,817
Luitink Manufacturing Co. 321,884
Matcor-Matsu Mfg., Inc. 197,537
MI-Tech Steel Inc. 171,355
Nartech Metals Products Ltd. 162,089
Ohio Valley Manufacturing 117,067
PPG Industries Inc. 133,427
Production Tool Corporation 242,770
RAAB Mechanical Inc. 68,146
SET Enterprises 70,087
Shape Corp. 1,112,046
Shiloh Industries 287,190
SKD L P 314,058
Wisconsin Lift Truck 88,205
Worthington Steel Co. 119,701
Z F Lemforder Corp. 391,776
Others 5,122,042
TOTAL SCHEDULED LIABILITIES $14,314,600
========================================================
Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc.
-- http://www.towerautomotive.com/-- is a global designer and
producer of vehicle structural components and assemblies used by
every major automotive original equipment manufacturer, including
BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan,
Toyota, Volkswagen and Volvo. Products include body structures
and assemblies, lower vehicle frames and structures, chassis
modules and systems, and suspension components. The Company and
25 of its debtor-affiliates filed voluntary chapter 11 petitions
on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through
05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq.,
Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet,
Esq., at Kirkland & Ellis, LLP, represent the Debtors in their
restructuring efforts. When the Debtors filed for protection from
their creditors, they listed $787,948,000 in total assets and
$1,306,949,000 in total debts. (Tower Automotive Bankruptcy News,
Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000)
TOWER AUTOMOTIVE: Plymouth's Schedules of Assets & Debts
--------------------------------------------------------
A. Real Property $773,494
B. Personal Property
B.1 Cash on Hand 150
B.9 Interests in insurance policies undetermined
B.15 Accounts receivable
I/C receivable undetermined
Accounts receivable 4,460,273
Receivables sold (4,532,578)
Trade payable credits 264,923
B.17 Other liquidated debts owed 604,000
B.26 Office equipment and supplies 172,576
B.27 Machinery, furniture and fixtures
Machinery & equipment 45,594,402
Software 46,080
B.28 Inventory
Raw material inventory control 1,312,480
Work-in-process inventory 1
Finished goods inventory 552,153
Inventory cutoff adjustment 54,638
B.33 Other personal property
Other current assets 3,143,131
Other long-term assets 2,044,566
Construction in progress 2,838,247
Leasehold improvements 4,296,690
TOTAL SCHEDULED ASSETS $61,625,225
========================================================
C. Property Claimed as Exempt Not Applicable
D. Secured Claims -
E. Unsecured Priority Claims undetermined
F. Unsecured Non-Priority Claims
ABB Flexible Automation $55,180
Alta Lift Truck Services 71,151
Burnside Manufacturing Co. 118,044
Comau Pico 4,979,583
Consolidated Machining & Mfg. 72,839
DaimlerChrysler Corporation 492,329
DTA Development 384,065
E.R. Wagner Mfg. Co. 67,835
Hydrodynamics Technologics 282,778
International Eng. Component 99,666
Jacobs Industries 746,298
Menlo Worldwide Logistics 52,445
Mercury Products 308,276
Metokote Corporation 207,343
Multitech Industries 54,658
Olympic 248,022
The Paslin Company 141,132
Perceptron 72,000
Pridgeon and Clay 193,576
Quest Energy LLC 50,340
Ridgeview Industries, Inc. 66,681
Technifast Industries 81,108
Top Craft Tool Inc. 93,055
Weld Specialty Supply Corp. 42,018
Others 727,536
TOTAL SCHEDULED LIABILITIES $9,707,958
========================================================
Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc.
-- http://www.towerautomotive.com/-- is a global designer and
producer of vehicle structural components and assemblies used by
every major automotive original equipment manufacturer, including
BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan,
Toyota, Volkswagen and Volvo. Products include body structures
and assemblies, lower vehicle frames and structures, chassis
modules and systems, and suspension components. The Company and
25 of its debtor-affiliates filed voluntary chapter 11 petitions
on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through
05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq.,
Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet,
Esq., at Kirkland & Ellis, LLP, represent the Debtors in their
restructuring efforts. When the Debtors filed for protection from
their creditors, they listed $787,948,000 in total assets and
$1,306,949,000 in total debts. (Tower Automotive Bankruptcy News,
Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000)
TOWER AUTOMOTIVE: Products Company's Schedules of Assets & Debts
----------------------------------------------------------------
A. Real Property
Land & land improvements $454,031
Buildings & improvements 34,330,493
B. Personal Property
B.1 Cash on Hand 4,940
B.9 Interests in insurance policies undetermined
B.15 Accounts receivable
I/C receivable undetermined
Accounts receivable 39,578,739
Receivables sold (35,282,396)
Trade payable credits 2,417,295
B.17 Other liquidated debts owed
Other receivables 6,722,000
Customer reimbursed tooling receivables 122,000
B.20 Other contingent & unliquidated claims undetermined
B.22 Other intangibles 54,725,778
B.23 Automobiles 17,227
B.26 Office equipment and supplies 84,549
B.27 Machinery, furniture and fixtures
Furniture & fixtures 451,371
Machinery & equipment 152,254,352
Software 141,095
Computer equipment 108,103
B.28 Inventory
Raw material inventory control 3,841,887
Raw material inventory clearing/transfers (302,762)
Purchased parts inventory 8,157,310
Work-in-process inventory 5,337,064
Finished goods inventory 10,017,059
Packaging material inventory 27,378
Inventory cutoff adjustment 343,335
Non-std inventory 1,458,524
Inventory obsolete & slow moving (214,008)
Inventory reserve (848,794)
B.33 Other personal property
Other current assets 9,107,833
Other long-term assets 27,543,953
TOTAL SCHEDULED ASSETS $320,638,354
========================================================
C. Property Claimed as Exempt Not Applicable
D. Secured Claims undetermined
E. Unsecured Priority Claims undetermined
F. Unsecured Non-Priority Claims
Acemco (HIS) $650,725
Advanced Tooling Systems Inc. 1,161,566
Auto Metal Craft 993,785
Chrysler Corporation 1,053,199
Copperweld Canada Inc. (HIS) 505,871
DTA Development Inc. 637,165
Ford - (Dofasco) 833,434
Ford Motor Company 1,069,878
Heidtman/Chrysler 551,661
Heidtman/Ford 865,910
Honda Trading America 1,808,951
Lamb Technicon Bdy/Assy [C] 829,375
Mercury Products of Michigan 543,461
National Material Company 1,335,693
National Steel Corp. 969,503
New Technology Steel, LLC 1,974,333
Nitco-Nissan Trading Corp. US 814,749
Northwest Tool & Die Co., Inc. 504,985
Ohio Valley Manufacturing 814,756
Paslin Company 3,786,680
Rhythm North America Corp. 525,922
Severstal North America, Inc. 701,034
Steel Technologies Inc. 675,801
Superior Die, Tool & 529,464
Theil Tool & Eng. Co. 652,933
Tokico (USA) Inc. 648,387
Trim Trends Co., LLC 1,654,888
TRW Steering & Suspension 520,195
Visteon Sterling Hts. 1,288,402
Weldmation, Inc. 3,456,228
Wisconsin Tool And Stamping 570,234
Worthington Steel Co. 676,317
Others 31,540,132
TOTAL SCHEDULED LIABILITIES $65,295,617
========================================================
Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc.
-- http://www.towerautomotive.com/-- is a global designer and
producer of vehicle structural components and assemblies used by
every major automotive original equipment manufacturer, including
BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan,
Toyota, Volkswagen and Volvo. Products include body structures
and assemblies, lower vehicle frames and structures, chassis
modules and systems, and suspension components. The Company and
25 of its debtor-affiliates filed voluntary chapter 11 petitions
on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through
05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq.,
Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet,
Esq., at Kirkland & Ellis, LLP, represent the Debtors in their
restructuring efforts. When the Debtors filed for protection from
their creditors, they listed $787,948,000 in total assets and
$1,306,949,000 in total debts. (Tower Automotive Bankruptcy News,
Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000)
TOWER AUTOMOTIVE: Receivables Co.'s Schedules of Assets & Debts
---------------------------------------------------------------
A. Real Property -
B. Personal Property
B.9 Interests in insurance policies undetermined
B.15 Accounts receivable
I/C receivables undetermined
TOTAL SCHEDULED ASSETS -
========================================================
C. Property Claimed as Exempt Not Applicable
D. Secured Claims -
E. Unsecured Priority Claims undetermined
F. Unsecured Non-Priority Claims undetermined
TOTAL SCHEDULED LIABILITIES -
========================================================
Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc.
-- http://www.towerautomotive.com/-- is a global designer and
producer of vehicle structural components and assemblies used by
every major automotive original equipment manufacturer, including
BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan,
Toyota, Volkswagen and Volvo. Products include body structures
and assemblies, lower vehicle frames and structures, chassis
modules and systems, and suspension components. The Company and
25 of its debtor-affiliates filed voluntary chapter 11 petitions
on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through
05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq.,
Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet,
Esq., at Kirkland & Ellis, LLP, represent the Debtors in their
restructuring efforts. When the Debtors filed for protection from
their creditors, they listed $787,948,000 in total assets and
$1,306,949,000 in total debts. (Tower Automotive Bankruptcy News,
Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000)
TOWER AUTOMOTIVE: R.J. Tower's Schedules of Assets & Debts
----------------------------------------------------------
A. Real Property -
B. Personal Property
B.2 Bank Accounts
JPMorgan (Bank One) $11,339,819
B.9 Interests in insurance policies undetermined
B.10 Annuities undetermined
B.13 Interests in Partnerships undetermined
B.15 Accounts receivable undetermined
I/C receivable undetermined
Trade payable credits 48,655
B.17 Other liquidated debts owed
Note receivable 56,838,000
Other receivables 4,900,000
B.19 Contingent interests 1,877,022
B.20 Other contingent & unliquidated claims undetermined
B.22 Other intangibles undetermined
B.33 Other personal property
Other current assets 32,364,000
Other long-term assets 1,097,414,625
TOTAL SCHEDULED ASSETS $1,204,782,120
========================================================
C. Property Claimed as Exempt Not Applicable
D. Secured Claims
Silver Point Capital, LP 581,664,685
E. Unsecured Priority Claims undetermined
F. Unsecured Non-Priority Claims
Bank of New York, as Trustees 453,318,529
Campbell, Dugald K. 700,000
Kemper 402,000
Pitser, Tommy G. 299,382
Others 14,614,400
TOTAL SCHEDULED LIABILITIES $1,050,998,997
========================================================
Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc.
-- http://www.towerautomotive.com/-- is a global designer and
producer of vehicle structural components and assemblies used by
every major automotive original equipment manufacturer, including
BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan,
Toyota, Volkswagen and Volvo. Products include body structures
and assemblies, lower vehicle frames and structures, chassis
modules and systems, and suspension components. The Company and
25 of its debtor-affiliates filed voluntary chapter 11 petitions
on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through
05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq.,
Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet,
Esq., at Kirkland & Ellis, LLP, represent the Debtors in their
restructuring efforts. When the Debtors filed for protection from
their creditors, they listed $787,948,000 in total assets and
$1,306,949,000 in total debts. (Tower Automotive Bankruptcy News,
Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000)
TOWER AUTOMOTIVE: Services & Tech.'s Schedules of Assets & Debts
----------------------------------------------------------------
A. Real Property -
B. Personal Property
B.9 Interests in insurance policies undetermined
B.20 Other contingent & unliquidated claims undetermined
TOTAL SCHEDULED ASSETS -
========================================================
C. Property Claimed as Exempt Not Applicable
D. Secured Claims undetermined
E. Unsecured Priority Claims undetermined
F. Unsecured Non-Priority Claims
TOTAL SCHEDULED LIABILITIES -
========================================================
Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc.
-- http://www.towerautomotive.com/-- is a global designer and
producer of vehicle structural components and assemblies used by
every major automotive original equipment manufacturer, including
BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan,
Toyota, Volkswagen and Volvo. Products include body structures
and assemblies, lower vehicle frames and structures, chassis
modules and systems, and suspension components. The Company and
25 of its debtor-affiliates filed voluntary chapter 11 petitions
on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through
05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq.,
Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet,
Esq., at Kirkland & Ellis, LLP, represent the Debtors in their
restructuring efforts. When the Debtors filed for protection from
their creditors, they listed $787,948,000 in total assets and
$1,306,949,000 in total debts. (Tower Automotive Bankruptcy News,
Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000)
TOWER AUTOMOTIVE: S.R.O.'s Schedules of Assets & Debts
------------------------------------------------------
A. Real Property -
B. Personal Property
B.2 Bank Accounts $50,000
B.9 Interests in insurance policies undetermined
TOTAL SCHEDULED ASSETS $50,000
========================================================
C. Property Claimed as Exempt Not Applicable
D. Secured Claims -
E. Unsecured Priority Claims -
F. Unsecured Non-Priority Claims undetermined
TOTAL SCHEDULED LIABILITIES -
========================================================
Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc.
-- http://www.towerautomotive.com/-- is a global designer and
producer of vehicle structural components and assemblies used by
every major automotive original equipment manufacturer, including
BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan,
Toyota, Volkswagen and Volvo. Products include body structures
and assemblies, lower vehicle frames and structures, chassis
modules and systems, and suspension components. The Company and
25 of its debtor-affiliates filed voluntary chapter 11 petitions
on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through
05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq.,
Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet,
Esq., at Kirkland & Ellis, LLP, represent the Debtors in their
restructuring efforts. When the Debtors filed for protection from
their creditors, they listed $787,948,000 in total assets and
$1,306,949,000 in total debts. (Tower Automotive Bankruptcy News,
Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000)
TOWER AUTOMOTIVE: Technology's Schedules of Assets & Debts
----------------------------------------------------------
A. Real Property -
B. Personal Property
B.9 Interests in insurance policies undetermined
B.15 Accounts receivable
I/C receivable undetermined
Accounts receivable $40,458
Receivables sold (9,026,165)
B.17 Other liquidated debts owed
Other receivables 5,819,000
Customer reimbursed tooling receivables 17,626,000
B.22 Other intangibles 222,914,520
B.23 Automobiles 4,376
B.26 Office equipment and supplies -
B.27 Machinery, furniture and fixtures
Furniture & fixtures 623,807
Machinery & equipment 93,912
Computer equipment 6,567
B.33 Other personal property
Other current assets 10,403,008
Other long-term assets 35,257,234
TOTAL SCHEDULED ASSETS $283,762,717
========================================================
C. Property Claimed as Exempt Not Applicable
D. Secured Claims -
E. Unsecured Priority Claims undetermined
F. Unsecured Non-Priority Claims undetermined
TOTAL SCHEDULED LIABILITIES -
========================================================
Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc.
-- http://www.towerautomotive.com/-- is a global designer and
producer of vehicle structural components and assemblies used by
every major automotive original equipment manufacturer, including
BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan,
Toyota, Volkswagen and Volvo. Products include body structures
and assemblies, lower vehicle frames and structures, chassis
modules and systems, and suspension components. The Company and
25 of its debtor-affiliates filed voluntary chapter 11 petitions
on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through
05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq.,
Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet,
Esq., at Kirkland & Ellis, LLP, represent the Debtors in their
restructuring efforts. When the Debtors filed for protection from
their creditors, they listed $787,948,000 in total assets and
$1,306,949,000 in total debts. (Tower Automotive Bankruptcy News,
Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000)
TOWER AUTOMOTIVE: Technology Product's Schedules of Assets & Debts
------------------------------------------------------------------
A. Real Property -
B. Personal Property
B.9 Interests in insurance policies undetermined
B.15 Accounts receivable
I/C receivable undetermined
B.21 Patents, copyrights & trademarks undetermined
B.22 Other intangibles undetermined
TOTAL SCHEDULED ASSETS -
========================================================
C. Property Claimed as Exempt Not Applicable
D. Secured Claims -
E. Unsecured Priority Claims undetermined
F. Unsecured Non-Priority Claims undetermined
TOTAL SCHEDULED LIABILITIES -
========================================================
Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc.
-- http://www.towerautomotive.com/-- is a global designer and
producer of vehicle structural components and assemblies used by
every major automotive original equipment manufacturer, including
BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan,
Toyota, Volkswagen and Volvo. Products include body structures
and assemblies, lower vehicle frames and structures, chassis
modules and systems, and suspension components. The Company and
25 of its debtor-affiliates filed voluntary chapter 11 petitions
on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through
05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq.,
Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet,
Esq., at Kirkland & Ellis, LLP, represent the Debtors in their
restructuring efforts. When the Debtors filed for protection from
their creditors, they listed $787,948,000 in total assets and
$1,306,949,000 in total debts. (Tower Automotive Bankruptcy News,
Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000)
TOWER AUTOMOTIVE: Tool LLC's Schedules of Assets & Debts
--------------------------------------------------------
A. Real Property
Land & land improvements $155,216
Buildings & improvements 6,857,683
B. Personal Property
B.1 Cash on Hand 1,000
B.9 Interests in insurance policies undetermined
B.15 Accounts receivable
I/C receivable undetermined
Accounts receivable 13,596,319
Receivables sold (11,423,321)
Trade credit payables 174,873
B.17 Other liquidated debts owed
Other receivables 3,106,000
Customer reimbursed tooling receivables 63,000
B.22 Other intangibles 30,712,206
B.26 Office equipment and supplies 194,315
B.27 Machinery, furniture and fixtures 77,737,500
B.28 Inventory
Raw material inventory control 3,858,840
Purchased parts inventory 957,052
Work-in-process inventory 2,645,210
Finished goods inventory 4,520,552
Packaging material inventory 72,420
Inventory reserve (247,287)
B.33 Other personal property
Other Current Assets 4,743,963
Other Long-Term Assets 13,859,863
Construction in Progress 75,687
Leasehold Improvements 1,811,553
TOTAL SCHEDULED ASSETS $153,472,645
========================================================
C. Property Claimed as Exempt Not Applicable
D. Secured Claims undetermined
E. Unsecured Priority Claims undetermined
F. Unsecured Non-Priority Claims
AK Steel $4,415,265
DaimlerChrysler 5,271,970
Delaco Steel Corporation 345,204
Detroit Electro Coatings Co. 111,782
Dofasco USA Inc. 2,062,076
E.R. Wagner Tubular Products 222,862
Emhart Fastening Teknologies 205,338
Ford Motor Company 10,796,477
General Motors Corp. W-204 1,041,140
Great Lakes Division 105,378
Howard Finishing 233,592
Inland Steel 657,028
ISG 1,301,508
Karmax Heavy Stamping 1,231,642
Kenwal Steel Corporation 1,909,840
L & L Products Inc. 190,272
Lafayette Steel Company 312,819
National Steel / US Steel 727,987
Noble Metal Processing Inc. 214,407
Olympic Steel 151,713
Permacel 195,449
Quest Energy LLC 189,901
Rouge Steel 1,364,662
Shiloh Industries, Inc. 414,138
Skill Tool & Die Corp. 102,696
Soundwich, Inc. 165,841
Steel Technologies 424,822
US Steel 5,366,269
Worthington Monroe 461,469
Worthington Steel Co. 1,286,787
Others 3,156,668
TOTAL SCHEDULED LIABILITIES $44,637,002
========================================================
Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc.
-- http://www.towerautomotive.com/-- is a global designer and
producer of vehicle structural components and assemblies used by
every major automotive original equipment manufacturer, including
BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan,
Toyota, Volkswagen and Volvo. Products include body structures
and assemblies, lower vehicle frames and structures, chassis
modules and systems, and suspension components. The Company and
25 of its debtor-affiliates filed voluntary chapter 11 petitions
on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through
05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq.,
Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet,
Esq., at Kirkland & Ellis, LLP, represent the Debtors in their
restructuring efforts. When the Debtors filed for protection from
their creditors, they listed $787,948,000 in total assets and
$1,306,949,000 in total debts. (Tower Automotive Bankruptcy News,
Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000)
TOWER AUTOMOTIVE: Tower Services' Schedules of Assets & Debts
-------------------------------------------------------------
A. Real Property -
B. Personal Property
B.1 Cash on Hand $200
B.9 Interests in insurance policies undetermined
B.15 Accounts receivable
I/C receivable undetermined
Accounts receivable 106,049
B.17 Other liquidated debts owed 107,000
B.33 Other personal property 1,561,256
TOTAL SCHEDULED ASSETS $1,774,505
========================================================
C. Property Claimed as Exempt Not Applicable
D. Secured Claims -
E. Unsecured Priority Claims undetermined
F. Unsecured Non-Priority Claims
Abaqus Inc. $19,750
Actuate Corporation 10,101
AIM (Accurate Info Mgmt.) 13,192
CDW Computer Centers, Inc. 55,608
Cybershift Inc. 47,945
Documentem Inc. 33,177
Incat Systems 14,708
EDS Corporation 431,989
FBO Systems 190,683
M-Tech Information 72,000
Powerway Inc. 49,200
QAD, Inc. 575,952
Robert Half Technology 36,118
Seagull Software Systems 62,025
Tele Plus Inc. 11,593
Others 74,991
TOTAL SCHEDULED LIABILITIES $1,699,032
========================================================
Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc.
-- http://www.towerautomotive.com/-- is a global designer and
producer of vehicle structural components and assemblies used by
every major automotive original equipment manufacturer, including
BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan,
Toyota, Volkswagen and Volvo. Products include body structures
and assemblies, lower vehicle frames and structures, chassis
modules and systems, and suspension components. The Company and
25 of its debtor-affiliates filed voluntary chapter 11 petitions
on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through
05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq.,
Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet,
Esq., at Kirkland & Ellis, LLP, represent the Debtors in their
restructuring efforts. When the Debtors filed for protection from
their creditors, they listed $787,948,000 in total assets and
$1,306,949,000 in total debts. (Tower Automotive Bankruptcy News,
Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000)
TOWER AUTOMOTIVE: Trylon Corp.'s Schedules of Assets & Debts
------------------------------------------------------------
A. Real Property
Land & land improvements $504,377
Buildings & improvement 7,523,649
B. Personal Property
B.1 Cash on Hand 500
B.9 Interests in insurance policies undetermined
B.15 Accounts receivable
I/C receivable undetermined
Accounts receivable 7,901,380
Receivables sold (6,257,867)
Trade payable credits 59,055
B.17 Other liquidated debts owed
Other receivables 633,000
Customer reimbursed tooling receivables 18,000
B.22 Other intangibles 13,290,396
B.23 Automobiles 26,000
B.26 Office equipment and supplies -
B.27 Machinery, furniture and fixtures
Furniture & fixtures 121,178
Machinery & equipment 7,098,603
B.28 Inventory
Raw material inventory control 847,496
Purchased parts inventory 155,236
Work-in-process inventory 757,754
Finished goods inventory 1,122,901
Inventory obsolete & slow moving (139,861)
B.33 Other personal property
Other Current assets 3,265,520
Construction in progress 24,886
TOTAL SCHEDULED ASSETS $36,952,203
========================================================
C. Property Claimed as Exempt Not Applicable
D. Secured Claims -
E. Unsecured Priority Claims undetermined
F. Unsecured Non-Priority Claims
Alliance Steel, Inc. $264,676
Alliance Steel, Inc.- Ford 125,038
Conformance Fasteners & 192,982
CRM Incorporated 157,127
Heidtman Steel Products-Ford 212,445
Jacobson Manufacturing, LLC 57,434
Leelanau Industries, Inc. 104,186
Manpower Inc. 44,308
Menlo Worldwide Logistics 63,840
MST Steel Corporation 765,068
MST Steel Corp. - Ford 443,515
Packaging Corporation of America 139,158
Phillips & Johnston, Inc. 164,991
Steel Technologies, Inc. 81,115
Worthington Steel Co. 243,378
Worthington Steel-Ford 75,894
Others 996,505
TOTAL SCHEDULED LIABILITIES $4,131,660
========================================================
Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc.
-- http://www.towerautomotive.com/-- is a global designer and
producer of vehicle structural components and assemblies used by
every major automotive original equipment manufacturer, including
BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan,
Toyota, Volkswagen and Volvo. Products include body structures
and assemblies, lower vehicle frames and structures, chassis
modules and systems, and suspension components. The Company and
25 of its debtor-affiliates filed voluntary chapter 11 petitions
on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through
05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq.,
Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet,
Esq., at Kirkland & Ellis, LLP, represent the Debtors in their
restructuring efforts. When the Debtors filed for protection from
their creditors, they listed $787,948,000 in total assets and
$1,306,949,000 in total debts. (Tower Automotive Bankruptcy News,
Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000)
TRINITY ENERGY: Releases February 2005 Operating Report
-------------------------------------------------------
On Mar. 21, 2005, Trinity Energy Resources, Inc., filed its
monthly operating report for the month ended February 2005 with
the United States Bankruptcy Court for the Southern District of
Texas, Houston Division.
Trinity Energy reported a $3,327 net income in $7,182 of total
revenues for the month from Feb. 1, 2005, to Feb. 28, 2005.
At Feb. 28, 2005, Trinity Energy's balance sheet showed:
Total Current Assets $399,326
Total Assets 1,227,648
Total Liabilities 1,777,305
Total Owner's Equity Deficit $(549,657)
A full-text copy of Trinity Energy's February 2005 monthly
operating report is available at no charge at:
http://www.sec.gov/Archives/edgar/data/1082292/000101540205001786/ex99_1.htm
Headquartered in Houston, Texas, Trinity Energy Resources, Inc.,
develops and operates proven oil and gas reserves in the Rocky
Mountains, Texas, and Louisiana, with international interests in
the African Republic of Chad. The Company filed for chapter 11
protection on Jan. 31, 2003 (Bankr. S.D. Tex. Case No. 03-31453).
John William Mahoney, Esq., at Williams Birnberg & Andersen
represents the Debtor in its restructuring efforts. When the
Debtor filed for protection from its creditors, it listed
$1,009,626 in total assets and $1,619,031 in total debts as of
Sept. 30, 2002. On April 23, 2003, the Bankruptcy Court appointed
Elizabeth M. Guffy as the Chapter 11 Trustee.
TRUMP HOTELS: THCR Holdings' Amended Schedules of Assets & Debts
----------------------------------------------------------------
A. Real Property $0
B. Personal Property
B.2 Bank account
Chase Manhattan Bank, NA 13,923
Commerce Bank 25,251
Credit Suisse First Boston 19,569
US Bank 604
B.9 Interests in insurance policies 29,367
B.12 Stock Interests unknown
B.13 Interests in partnership and joint venture unknown
B.15 Intercompany receivable
Trump Taj Mahal Associates 3,741,274
Trump Atlantic City Associates 7,323,992
Trump Casino Holdings, LLC 82,062
Accounts receivable
Trump 29 Casino 404,236
NYSE (delist stock refund) 11,667
Vendor credit balance 61
B.25 Aircraft and accessories 628,672
B.26 Office equipment and supplies 24,032
B.33 Other personal property 149,021
TOTAL SCHEDULED ASSETS $12,453,731
=======================================================
C. Property Claimed as Exempt not applicable
D. Secured Claim $0
E. Unsecured Priority Claims unknown
F. Unsecured Non-priority Claims 243
TOTAL SCHEDULED LIABILITIES $243
=======================================================
Headquartered in Atlantic City, New Jersey, Trump Hotels & Casino
Resorts, Inc. -- http://www.thcrrecap.com/-- through its
subsidiaries, owns and operates four properties and manages one
property under the Trump brand name. The Company and its debtor-
affiliates filed for chapter 11 protection on Nov. 21, 2004
(Bankr. D. N.J. Case No. 04-46898 through 04-46925). Robert A.
Klymman, Esq., Mark A. Broude, Esq., John W. Weiss, Esq., at
Latham & Watkins, LLP, and Charles Stanziale, Jr., Esq., Jeffrey
T. Testa, Esq., William N. Stahl, Esq., at Schwartz, Tobia,
Stanziale, Sedita & Campisano, P.A., represent the Debtors in
their restructuring efforts. When the Debtors filed for
protection from their creditors, they listed more than
$500 million in total assets and more than $1 billion in total
debts.
TRUMP HOTELS: THCR Inc.'s Amended Schedules of Assets & Debts
-------------------------------------------------------------
A. Real Property $0
B. Personal Property
B.2 Bank account 3,914
B.12 Stock Interests unknown
B.13 Interests in partnership and joint ventures unknown
B.21 Intellectual property unknown
TOTAL SCHEDULED ASSETS $3,914
=======================================================
C. Property Claimed as Exempt not applicable
D. Secured Claim $0
E. Unsecured Priority Claims unknown
F. Unsecured Non-priority Claims
Roselli, James unknown
Senteno, Manuela Carreon and Pablo Cortes unknown
TOTAL SCHEDULED LIABILITIES unknown
=======================================================
Headquartered in Atlantic City, New Jersey, Trump Hotels & Casino
Resorts, Inc. -- http://www.thcrrecap.com/-- through its
subsidiaries, owns and operates four properties and manages one
property under the Trump brand name. The Company and its debtor-
affiliates filed for chapter 11 protection on Nov. 21, 2004
(Bankr. D. N.J. Case No. 04-46898 through 04-46925). Robert A.
Klymman, Esq., Mark A. Broude, Esq., John W. Weiss, Esq., at
Latham & Watkins, LLP, and Charles Stanziale, Jr., Esq., Jeffrey
T. Testa, Esq., William N. Stahl, Esq., at Schwartz, Tobia,
Stanziale, Sedita & Campisano, P.A., represent the Debtors in
their restructuring efforts. When the Debtors filed for
protection from their creditors, they listed more than
$500 million in total assets and more than $1 billion in total
debts.
TRUMP HOTELS: THCR Development's Amended Financial Schedules
------------------------------------------------------------
Trump Hotels & Casino Resorts Development Company, LLC's
Schedules of Assets and Liabilities is revised to include this
statement for "other personal property of any kind not already
listed" in its Schedule C -- Property Claimed As Exempt:
"On June 24, 2003, Trump Hotels & Casino Resorts Development
Company, LLC, filed a complaint against the Paucatuck Eastern
Pequot Indian Tribal National in the Superior Court for New
Britain, Connecticut. In that complaint, THCR Development
alleged fraud, breach of contract, conspiracy, violation of
the Connecticut Unfair Trade Practices Act, and intentional
interference with contractual relations."
Headquartered in Atlantic City, New Jersey, Trump Hotels & Casino
Resorts, Inc. -- http://www.thcrrecap.com/-- through its
subsidiaries, owns and operates four properties and manages one
property under the Trump brand name. The Company and its debtor-
affiliates filed for chapter 11 protection on Nov. 21, 2004
(Bankr. D. N.J. Case No. 04-46898 through 04-46925). Robert A.
Klymman, Esq., Mark A. Broude, Esq., John W. Weiss, Esq., at
Latham & Watkins, LLP, and Charles Stanziale, Jr., Esq., Jeffrey
T. Testa, Esq., William N. Stahl, Esq., at Schwartz, Tobia,
Stanziale, Sedita & Campisano, P.A., represent the Debtors in
their restructuring efforts. When the Debtors filed for
protection from their creditors, they listed more than
$500 million in total assets and more than $1 billion in total
debts.
TRUMP HOTELS: TAC Associates' Amended Schedules of Assets & Debts
-----------------------------------------------------------------
A. Real Property $0
B. Personal Property
B.2 Bank Account
Credit Suisse First Boston -- Investment 1,458,404
Other 6,720
B.12 Stock interests Unknown
B.13 Interests in partnerships or joint venture Unknown
B.15 Intercompany Receivable
Trump Plaza Associates 462,931,000
Trump Taj Mahal Associates 836,565,000
B.16 Other personal property 18,254
TOTAL SCHEDULED ASSETS $1,300,979,378
========================================================
C. Property Claimed as Exempt Not Applicable
D. Secured Claims
U.S. Bank, N.A.
TAC Associates $1.2 billion $1,200,000,000
11-1/4% First Mortgage
Priority Notes Due 2006
TAC Associates $75 million 75,000,000
11-1/4% First Mortgage
Notes Due 2006
TAC Associates $25 million 25,000,000
11-1/4% First Mortgage
Notes Due 2006
E. Unsecured Priority Claims 0
F. Unsecured Non-Priority Claims
Trump Hotels & Casino Resorts, Inc. 7,323,922
Trump Taj Mahal Associates 10,257,112
U.S. Bank, N.A.
TAC Associates $1.2B 11-1/4% First
Mortgage Priority Notes due 2006 unliquidated
TAC Associates $7.5M 11-1/4% First
Mortgage Notes due 2006 unliquidated
TOTAL SCHEDULED LIABILITIES $1,317,581,034
========================================================
Headquartered in Atlantic City, New Jersey, Trump Hotels & Casino
Resorts, Inc. -- http://www.thcrrecap.com/-- through its
subsidiaries, owns and operates four properties and manages one
property under the Trump brand name. The Company and its debtor-
affiliates filed for chapter 11 protection on Nov. 21, 2004
(Bankr. D. N.J. Case No. 04-46898 through 04-46925). Robert A.
Klymman, Esq., Mark A. Broude, Esq., John W. Weiss, Esq., at
Latham & Watkins, LLP, and Charles Stanziale, Jr., Esq., Jeffrey
T. Testa, Esq., William N. Stahl, Esq., at Schwartz, Tobia,
Stanziale, Sedita & Campisano, P.A., represent the Debtors in
their restructuring efforts. When the Debtors filed for
protection from their creditors, they listed more than
$500 million in total assets and more than $1 billion in total
debts.
TRUMP HOTELS: Casino Funding's Amended Schedules of Assets & Debts
------------------------------------------------------------------
A. Real Property $0
B. Personal Property
B.2 Bank Account 822
B.15 Intercompany Receivable
Trump Casino Holdings, LLC 495,922,307
TOTAL SCHEDULED ASSETS $495,923,129
=======================================================
C. Property Claimed as Exempt Not Applicable
D. Secured Claims
U.S. Bank, N.A.
Trump Casino Holdings $425 million $425,000,000
11-5/8% First Priority Notes
Due 2010
Trump Casino Holdings $65 million 68,800,000
17-5/8% Second Priority Mortgage
Notes Due 2010
E. Unsecured Priority Claims 0
F. Unsecured Non-Priority Claims Unknown
TOTAL SCHEDULED LIABILITIES $495,922,307
=======================================================
Headquartered in Atlantic City, New Jersey, Trump Hotels & Casino
Resorts, Inc. -- http://www.thcrrecap.com/-- through its
subsidiaries, owns and operates four properties and manages one
property under the Trump brand name. The Company and its debtor-
affiliates filed for chapter 11 protection on Nov. 21, 2004
(Bankr. D. N.J. Case No. 04-46898 through 04-46925). Robert A.
Klymman, Esq., Mark A. Broude, Esq., John W. Weiss, Esq., at
Latham & Watkins, LLP, and Charles Stanziale, Jr., Esq., Jeffrey
T. Testa, Esq., William N. Stahl, Esq., at Schwartz, Tobia,
Stanziale, Sedita & Campisano, P.A., represent the Debtors in
their restructuring efforts. When the Debtors filed for
protection from their creditors, they listed more than
$500 million in total assets and more than $1 billion in total
debts.
TRUMP HOTELS: Casino Holdings' Amended Schedules of Assets & Debts
------------------------------------------------------------------
A. Real Property $0
B. Personal Property
B.2 Bank Account
Credit Suisse First Boston -- Investment 3,142,130
Other 58,790
B.12 Stock interests Unknown
B.13 Interests in partnerships or joint venture Unknown
B.15 Intercompany Receivables
THCR Management Services, LLC 24,317
Trump Indiana, Inc. 50,557,550
Trump Marina Associates, L.P. 354,566,875
Other 29,492
B.33 Other personal property 913
TOTAL SCHEDULED ASSETS $408,380,067
=======================================================
C. Property Claimed as Exempt Not Applicable
D. Secured Claims
U.S. Bank, N.A.
Trump Casino Holdings $425 million $425,000,000
11-5/8% First Priority Notes
Due 2010
Trump Casino Holdings $65 million 70,922,307
17-5/8% Second Priority Mortgage
Notes Due 2010
E. Unsecured Priority Claims 0
F. Unsecured Non-Priority Claims
Trump Indiana, Inc. 16,569,558
Others 82,062
TOTAL SCHEDULED LIABILITIES $512,573,927
=======================================================
Headquartered in Atlantic City, New Jersey, Trump Hotels & Casino
Resorts, Inc. -- http://www.thcrrecap.com/-- through its
subsidiaries, owns and operates four properties and manages one
property under the Trump brand name. The Company and its debtor-
affiliates filed for chapter 11 protection on Nov. 21, 2004
(Bankr. D. N.J. Case No. 04-46898 through 04-46925). Robert A.
Klymman, Esq., Mark A. Broude, Esq., John W. Weiss, Esq., at
Latham & Watkins, LLP, and Charles Stanziale, Jr., Esq., Jeffrey
T. Testa, Esq., William N. Stahl, Esq., at Schwartz, Tobia,
Stanziale, Sedita & Campisano, P.A., represent the Debtors in
their restructuring efforts. When the Debtors filed for
protection from their creditors, they listed more than
$500 million in total assets and more than $1 billion in total
debts.
TRUMP HOTELS: Trump Marina's Amended Schedules of Assets & Debts
----------------------------------------------------------------
A. Real Property
Trump Marina Hotel Casino $406,030,000
Trump Marina Hotel Casino Parking Lot 4,687,900
B. Personal Property
B.1 Cash on Hand
House Funds - Hotel 357,649
House Funds - Casino 11,905,257
House Funds - Other 5,734,198
B.2 Bank Account
Bank of America (83,479)
Commerce Bank, NA
Main Operating Account 6,470,853
Investment Sweep 1,920,216
Casino Deposits 3,440,199
Other (336,649)
B.3 Security Deposits
Repairs & Dock Maintenance Escrow 1,211,300
per Lease Agreement -- New Jersey
Security Deposit, Interest --
PDS Gaming Corporation 1,437,229
Other 443,849
B.4 Household goods 0
B.5 Books, art work & collectibles 0
B.6 Wearing apparel 0
B.7 Furs and jewelry 0
B.8 Firearms and sporting goods 0
B.9 Interests in insurance policies
Prepaid Insurance Accounts 774,294
Insurance Collateral Accounts 1,552,819
B.10 Annuities 0
B.11 Interests in retirement plans 0
B.12 Stock interests 0
B.13 Interests in partnerships or joint venture 0
B.14 Bonds
CRDA Bonds 3,792,759
Deposits with CRDA 6,437,914
Valuation Allowance on Bonds/Deposits (3,726,641)
B.15 Intercompany receivable
Trump Plaza Associates 16,450
Accounts receivable
Casino Receivables, net 6,027,564
Hotel Receivables, net 1,103,335
Credit Card Receivables 379,694
Other Receivables 874,541
B.16 Alimony 0
B.17 Other liquidated debts owed 0
B.18 Equitable and future interests 0
B.19 Contingent interests 0
B.20 Other contingent & unliquidated claims 0
B.21 Patents, copyrights & trademarks Unknown
B.22 Other intangibles Unknown
B.23 Automobiles 29,890
B.24 Boats 0
B.25 Aircraft 0
B.26 Office equipment and supplies 29,494,021
B.27 Machinery, furniture and fixtures
B.28 Inventory 3,172,076
B.29 Animals 0
B.30 Crops 0
B.31 Farming equipment 0
B.32 Farm supplies 0
B.33 Other personal property
Prepaid expenses 3,955,988
TOTAL SCHEDULED ASSETS $497,103,227
=======================================================
C. Property Claimed as Exempt Not Applicable
D. Secured Claims
IGT, Inc. 1,026,966
PDS Gaming Corporation 12,842,932
U.S. Bank, N.A.
Guaranty of Trump Casino Holdings 425,000,000
$425 million 11-5/8% First
Priority Notes Due 2010
Guaranty of Trump Casino Holdings 68,800,000
$65 million 17-5/8% Second
Priority Mortgage Notes Due 2010
Other Secured Claims 473,250
E. Unsecured Priority Claims 0
F. Unsecured Non-Priority Claims
Trump Casino Holdings, LLC 354,566,875
Trump Taj Mahal Associates 6,114,143
Other Trade and Unsecured Claims 10,374,381
TOTAL SCHEDULED LIABILITIES $879,198,547
=======================================================
Headquartered in Atlantic City, New Jersey, Trump Hotels & Casino
Resorts, Inc. -- http://www.thcrrecap.com/-- through its
subsidiaries, owns and operates four properties and manages one
property under the Trump brand name. The Company and its debtor-
affiliates filed for chapter 11 protection on Nov. 21, 2004
(Bankr. D. N.J. Case No. 04-46898 through 04-46925). Robert A.
Klymman, Esq., Mark A. Broude, Esq., John W. Weiss, Esq., at
Latham & Watkins, LLP, and Charles Stanziale, Jr., Esq., Jeffrey
T. Testa, Esq., William N. Stahl, Esq., at Schwartz, Tobia,
Stanziale, Sedita & Campisano, P.A., represent the Debtors in
their restructuring efforts. When the Debtors filed for
protection from their creditors, they listed more than
$500 million in total assets and more than $1 billion in total
debts.
USG CORP: Earns $19.4 Million of Net Income in February 2005
------------------------------------------------------------
USG Corporation, et al.
Consolidated Balance Sheet 28-February-2005
__________________________ ________________
Assets:
Cash and cash equivalents $418,609,000
Marketable Securities 172,229,000
Restricted Cash 35,429,000
Receivables 437,904,000
Inventories 293,342,000
Income taxes receivable 23,024,000
Deferred income taxes 20,260,000
Other current assets 55,454,000
-------------
Total current assets 1,456,251,000
Property, plant and equipment, net 1,603,686,000
Marketable Securities 269,792,000
Deferred income taxes 142,910,000
Goodwill 42,576,000
Other assets 355,506,000
-------------
Total Assets $3,870,721,000
=============
Liabilities and Stockholders' Equity:
Accounts payable $227,045,000
Accrued expenses 149,130,000
Taxes on income 74,604,000
-------------
Total current liabilities 450,779,000
Other liabilities 390,579,000
Liabilities subject to compromise 2,241,450,000
Stockholders' Equity:
Common stock 4,998,000
Treasury stock (255,540,000)
Capital received in excess of par value 100,793,000
Accumulated other comprehensive income/(loss) 13,940,000
Retained earnings 923,722,000
-------------
Total stockholders' equity 787,913,000
-------------
Total Liabilities and Stockholders' Equity $3,870,721,000
=============
USG Corporation, et al. Month Ending
Consolidated Income Statement 28-February-2005
_____________________________ ________________
Net sales $331,913,000
Cost of products sold 275,743,000
Selling and administrative expenses 24,806,000
Chapter 11 reorganization expenses (1,320,000)
Provision for restructuring expenses -
Interest expense 326,000
Interest income (147,000)
Other (income)/expense, net (73,000)
-------------
Earnings/(loss) before income taxes 32,578,000
Income taxes (benefit) 13,187,000
-------------
Net Earnings/(loss) $19,391,000
=============
Headquartered in Chicago, Illinois, USG Corporation
-- http://www.usg.com/-- through its subsidiaries, is a leading
manufacturer and distributor of building materials producing a
wide range of products for use in new residential, new
nonresidential and repair and remodel construction, as well as
products used in certain industrial processes. The Company filed
for chapter 11 protection on June 25, 2001 (Bankr. Del. Case No.
01-02094). David G. Heiman, Esq., and Paul E. Harner, Esq., at
Jones Day represent the Debtors in their restructuring efforts.
When the Debtors filed for protection from their creditors, they
listed $3,252,000,000 in assets and $2,739,000,000 in debts. (USG
Bankruptcy News, Issue No. 84; Bankruptcy Creditors' Service,
Inc., 215/945-7000)
WINN-DIXIE: Earns $125.8MM of Net Income for 16 Days Ended Mar. 9
-----------------------------------------------------------------
Winn-Dixie Stores, Inc., et al.
Consolidated Balance Sheet
At March 9, 2005
(in thousands)
ASSETS
Current Assets:
Cash and cash equivalents $82,483
Marketable securities 19,477
Trade and other receivables 136,304
Insurance claims receivable 18,856
Income tax receivable 34,005
Merchandise inventories less LIFO reserve 745,171
Prepaid expenses and other current assets 99,037
Assets held for sale 13,796
----------
Total current assets 1,149,129
Property, plant and equipment, net 877,693
Other assets, net 125,763
----------
TOTAL ASSETS $2,152,585
==========
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities:
Current portion of long-term debt $262
Current obligations under capital leases 2,792
Accounts payable 68,596
Reserve for workers' compensation insurance
claims and self-insurance 76,194
Accrued wages and salaries 93,096
Accrued expenses 92,146
----------
Total current liabilities 333,086
Reserve for workers' compensation insurance
claims and self-insurance 132,912
Long-term debt 395
Long-term borrowings under revolving credit line 109,947
Obligations under capital leases 8,082
Other liabilities 18,926
Total liabilities not subject to compromise 603,348
Liabilities subject to compromise 1,121,389
----------
Total liabilities 1,724,737
Shareholders' equity:
Common stock 141,952
Additional paid-in-capital 32,070
Retained earnings 273,880
Accumulated other comprehensive loss (20,054)
----------
Total shareholders' equity 427,848
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $2,152,585
==========
Winn-Dixie Stores, Inc., et al.
Consolidated Statement of Operations
16 days ended March 9, 2005
(in thousands)
Net sales $426,533
Cost of sales 309,749
----------
Gross profit on sales 116,784
Other operating and administrative expenses 123,647
Restructuring and other non-recurring charges 331
----------
Operating loss (7,194)
Interest expense 416
Loss from continuing operations before
income tax and reorganization items, net (7,610)
Reorganization items, net (83,219)
Income tax expense -
----------
Net earnings from continuing operations 75,609
Discontinued operations:
Loss from discontinued operations (2,464)
Gain on disposal of discontinued operations 52,702
Income tax expense -
----------
Net earnings from discontinued operations 50,238
----------
NET EARNINGS $125,847
==========
Winn-Dixie Stores, Inc., et al.
Consolidated Statement of Cash Flows
16 days ended March 9, 2005
(in thousands)
Cash flows from operating activities:
Net earnings $125,847
Adjustments to reconcile net earnings to net cash
provided by operating activities:
Gain on sale of assets (700)
Reorganization items, net (83,219)
Depreciation and amortization 6,810
Stock compensation plan 316
Change in operating assets and liabilities:
Trade and other receivables (6,563)
Merchandise inventories 57,475
Prepaid expenses and other current assets (53,232)
Accounts payable 18,118
Reserve for insurance claims and self-insurance 3,239
Lease liability on closed facilities (55,983)
Other accrued expenses (6,103)
Net cash provided by operating activities
before reorganization items 6,005
Cash effect of reorganization items (3,772)
----------
Net cash provided by operating activities 2,233
Cash flows from investing activities:
Proceeds from sale of assets 1,335
Marketable securities, net (66)
----------
Net cash provided by investing activities 1,269
Cash flows from financing activities:
Gross repayments on revolving credit facility (265,000)
Gross borrowings on DIP credit facility 317,947
Gross repayments on DIP credit facility (208,000)
Principal payments on long-term debt (16)
Debt issuance costs (11,035)
Principal payments on capital lease obligations (157)
Other (90)
----------
Net cash used in financing activities (166,351)
Decrease in cash and cash equivalents (162,849)
Cash and cash equivalents at beginning of period 245,332
----------
CASH AND CASH EQUIVALENTS AND END OF PERIOD $82,483
==========
Headquartered in Jacksonville, Florida, Winn-Dixie Stores, Inc. --
http://www.winn-dixie.com/-- is one of the nation's largest food
retailers. The Company operates stores across the Southeastern
United States and in the Bahamas and employs approximately 90,000
people. The Company, along with 23 of its U.S. subsidiaries,
filed for chapter 11 protection on Feb. 21, 2005 (Bankr. S.D.N.Y.
Case No. 05-11063). D.J. Baker, Esq., at Skadden Arps Slate
Meagher & Flom LLP, and Sarah Robinson Borders, Esq., and Brian
C. Walsh, Esq., at King & Spalding LLP, represent the Debtors
in their restructuring efforts. When the Debtors filed for
protection from their creditors, they listed $2,235,557,000 in
total assets and $1,870,785,000 in total debts. (Winn-Dixie
Bankruptcy News, Issue No. 10; Bankruptcy Creditors' Service,
Inc., 215/945-7000)
WINN-DIXIE: Files Schedules of Assets & Liabilities
---------------------------------------------------
A. Real Property
Store - Jacksonville, Florida $489,763
Warehouse - Miami, Florida 676,484
Store - Leesburg, Florida 124,539
Warehouse - Pompano Beach, Florida 5,540,399
Store - Miami, Florida 11,216,183
Store - Orange Park, Florida 3,194,995
Warehouse - Jacksonville, Florida 78,480,924
Store - Tallahassee, Florida 4,483,330
Store - Oviedo, Florida 5,427,404
Warehouse - Plant City, Florida 1,399,671
Store - St. Augustine Beach, Florida 242,189
Store - St. Augustine Beach, Florida 4,353,793
Store - Marathon, Florida 217,849
Warehouse - Sarasota, Florida 132,416
Store - Kissimmee, Florida 2,630,769
Store - Jacksonville, Florida 110,639
Store - Hollywood, Florida 2,887,160
Store - Marathon, Florida 3,387,706
Store - Marathon, Florida 2,705,000
Store No. 0388 - Land only 468,000
Store No. 250 - Land only 750,000
Warehouse - Tampa Ice Cream 2,610,873
B. Personal Property
B.1 Cash on Hand
Cash in ATMs 1,244,620
Cash on Hand 4,497,075
Petty Cash 11,920
B.2 Bank Account
Master ZBA Account - HDQ06 - Amsouth 4,312,755
EFT/EBT/Credit in Transit
- Various Banks 60,218,160
Deposits in Transit - Various Banks 36,090,052
Payroll - Wachovia 33,097,508
Master ZBA Account - HDQ01 - Wachovia 11,732,368
Headquarters Principal - Wachovia 8,729,041
Taxes Held in Trust - Wachovia 7,569,722
Evergreen Institutional Money Market 20,026,772
Others 4,067,376
B.3 Security Deposits
Meter Deposit - FPL 3,463,945
Meter Deposit - FPL 1,731,973
Meter Deposit - FPL 1,154,942
Meter Deposit - FPL 577,324
Meter Deposit - Progress Energy-Florida 1,590,585
Meter Deposit - Progress Energy-Florida 1,017,940
Others 734,266
B.4 Household Goods 0
B.5 Books, Art Work & Collectibles 0
B.6 Wearing Apparel 0
B.7 Furs and Jewelry 0
B.8 Hobby Equipment 0
B.9 Insurance Policy Interests 0
Cash Surrender Value - American Heritage 2,835,859
Cash Surrender Value - GE Life & Annuity 684,136
Cash Surrender Value - General American 56,660
Cash Surrender Value - National Farmer 62,999
B.10 Annuities 0
B.11 Interest in Retirement Plans 0
B.12 Stock Interests unknown
B.13 Interests in Partnership and Joint Ventures unknown
B.14 Government and Corporate Bonds 0
B.15 Accounts Receivable
Associate Receivables 37,530
Charge Sales Customers 884,417
Coinstar Receivables 3,446,337
Lease Receivables 1,665,276
Miscellaneous Receivables 7,044,003
Pharmacy Receivables 19,750,700
Returned Checks 2,033,452
Vendor Coupons 2,445,489
Vendor Receivables 23,675,256
Reserve Allocation (1,582,401)
Intercompany Receivable
Astor Products, Inc. 1,824,006
Deep South Products, Inc. 5,138,307
Dixie Spirits, Inc. 118,387
Winn-Dixie Logistics, Inc. 168,986,682
Winn-Dixie Montgomery, Inc. 88,925,279
Winn-Dixie Procurement, Inc. 20,298,144
Winn-Dixie Supermarkets, Inc. 19,559,531
B.16 Alimony 0
B.17 Other Liquidated Debts 0
B.18 Equitable and Future Interests 0
B.19 Contingent and Non-Contingent Interests 0
B.20 Other Contingent and Non-liquidated Claims unknown
B.21 Intellectual Property unknown
B.22 Licenses, Franchises and Other Intangibles
Intangible Assets - Non-complete Fees 703,051
Pharmacy Script 80,569,234
B.23 Vehicles and Accessories
Automobiles 360,458
Store Maintenance Vehicles 241,863
Tractors 65,101
Trailers 24,816
B.24 Boats, Motors and Accessories 0
B.25 Aircraft and Accessories
G200 Aircraft 17,738,002
G200 Aircraft 17,804,871
B.26 Office Equipment
Office Furniture & Fixtures 6,409,762
Office Info & Date Handling 5,132,743
B.27 Machinery 176,053,080
B.28 Inventory 391,019,543
B.29 Animals 0
B.30 Crops 0
B.31 Farming Equipment 0
B.32 Farm Supplies 0
B.33 Others
Capital Leased Assets 2,390,622
Capitalized Interest on CIP 1,289,849
Construction in Progress 8,220,923
Debt Issue Costs 9,580,883
Escrow Funds 200,456
Insurance Claims Receivable 17,057,304
Insurance Deposits 1,300,000
Internal & External Software 53,824,669
Investments-Amsouth Marketable Securities 19,479,292
Investments (SRP) 15,801,777
Leasehold Improvements 174,529,618
Other Deposits 416,229
Prepaid Franchise Taxes 1,121
Prepaid Insurance 2,370,917
Prepaid Maintenance 7,336,079
Prepaid MSP Premiums 3,758,520
Prepaid Rent 8,264,570
Prepaid Sponsorships 1,024,584
Prepaid Taxes & Licenses 435,230
TOTAL SCHEDULED ASSETS $1,724,693,681
=======================================================
C. Property Claimed as Exempt -
D. Secured Claims
Amsouth Bank - Letter of Credit $17,000,000
Lutheran Brotherhood - Term Loan 672,888
NCR Corporation - UCC Lienholder unliquidated
Wachovia Bank - Term Loan, Revolver,
and Letters of Credit 426,832,550
E. Unsecured Priority Claims unknown
F. Unsecured Non-Priority Claims
Wilmington Trust Company 310,500,000
Accounts Payable
Cardinal Health 3,517,383
Florida Coca Cola Bottling 4,307,811
Florida Power & Light 4,214,513
Kraft Pizza Co. 784,817
IBM Corporation 1,384,942
Mckee Foods Corporation 1,377,506
Nabisco Brands Inc 2,342,995
Paskert Distributing Co 861,959
Pepsi Cola 4,037,339
Pepsi Cola Bott Co Ok&Jb 1,127,753
Progress Energy Florida 1,294,622
Others 51,653,178
Intercompany Payables
Dixie Packers, Inc. 910,049
Crackin' Good, Inc. 7,950,267
Winn-Dixie Raleigh, Inc. 97,638,705
Others 372,299
Management Security Plan participants 88,768,532
Supplemental Retirement Plan participants 15,883,998
TOTAL SCHEDULED LIABILITIES $1,043,434,106
=======================================================
Headquartered in Jacksonville, Florida, Winn-Dixie Stores, Inc. --
http://www.winn-dixie.com/-- is one of the nation's largest food
retailers. The Company operates stores across the Southeastern
United States and in the Bahamas and employs approximately 90,000
people. The Company, along with 23 of its U.S. subsidiaries,
filed for chapter 11 protection on Feb. 21, 2005 (Bankr. S.D.N.Y.
Case No. 05-11063). D.J. Baker, Esq., at Skadden Arps Slate
Meagher & Flom LLP, and Sarah Robinson Borders, Esq., and Brian
C. Walsh, Esq., at King & Spalding LLP, represent the Debtors
in their restructuring efforts. When the Debtors filed for
protection from their creditors, they listed $2,235,557,000 in
total assets and $1,870,785,000 in total debts. (Winn-Dixie
Bankruptcy News, Issue No. 9; Bankruptcy Creditors' Service,
Inc., 215/945-7000)
WINN-DIXIE: Dixie Stores Inc. Files Schedules of Assets & Debts
---------------------------------------------------------------
A. Real Property -
B. Personal Property
B.2 Bank Account $100,000
TOTAL SCHEDULED ASSETS $100,000
=======================================================
C. Property Claimed as Exempt -
D. Secured Claims -
E. Unsecured Priority Claims -
F. Unsecured Non-Priority Claims -
TOTAL SCHEDULED LIABILITIES $0
=======================================================
Headquartered in Jacksonville, Florida, Winn-Dixie Stores, Inc. --
http://www.winn-dixie.com/-- is one of the nation's largest food
retailers. The Company operates stores across the Southeastern
United States and in the Bahamas and employs approximately 90,000
people. The Company, along with 23 of its U.S. subsidiaries,
filed for chapter 11 protection on Feb. 21, 2005 (Bankr. S.D.N.Y.
Case No. 05-11063). D.J. Baker, Esq., at Skadden Arps Slate
Meagher & Flom LLP, and Sarah Robinson Borders, Esq., and Brian
C. Walsh, Esq., at King & Spalding LLP, represent the Debtors
in their restructuring efforts. When the Debtors filed for
protection from their creditors, they listed $2,235,557,000 in
total assets and $1,870,785,000 in total debts. (Winn-Dixie
Bankruptcy News, Issue No. 9; Bankruptcy Creditors' Service,
Inc., 215/945-7000)
WINN-DIXIE: Astor Products Files Schedules of Assets & Debts
------------------------------------------------------------
A. Real Property -
B. Personal Property
B.15 Accounts Receivable $4,145
B.21 Intellectual Property unknown
B.27 Machinery 868,756
B.28 Inventory 3,670,832
B.33 Others
Construction in Progress 13,063
Leasehold Improvements 224,697
Other Deposits 3,652
TOTAL SCHEDULED ASSETS $4,785,145
=======================================================
C. Property Claimed as Exempt -
D. Secured Claims
E. Unsecured Priority Claims -
F. Unsecured Non-Priority Claims
Wilmington Trust Company $310,500,000
Accounts Payable 316,729
Intercompany Payables 1,824,006
TOTAL SCHEDULED LIABILITIES $312,640,735
=======================================================
Headquartered in Jacksonville, Florida, Winn-Dixie Stores, Inc. --
http://www.winn-dixie.com/-- is one of the nation's largest food
retailers. The Company operates stores across the Southeastern
United States and in the Bahamas and employs approximately 90,000
people. The Company, along with 23 of its U.S. subsidiaries,
filed for chapter 11 protection on Feb. 21, 2005 (Bankr. S.D.N.Y.
Case No. 05-11063). D.J. Baker, Esq., at Skadden Arps Slate
Meagher & Flom LLP, and Sarah Robinson Borders, Esq., and Brian
C. Walsh, Esq., at King & Spalding LLP, represent the Debtors
in their restructuring efforts. When the Debtors filed for
protection from their creditors, they listed $2,235,557,000 in
total assets and $1,870,785,000 in total debts. (Winn-Dixie
Bankruptcy News, Issue No. 9; Bankruptcy Creditors' Service,
Inc., 215/945-7000)
WINN-DIXIE: Montgomery Inc. Files Schedules of Assets & Debts
-------------------------------------------------------------
A. Real Property
Store - Baton Rouge, Louisiana $6,749,385
Warehouse - Montgomery Alabama 12,335,717
Store - Walker, Louisiana 5,314,991
Warehouse - Hammond, Louisiana 25,382
B. Personal Property
B.1 Cash on Hand
Cash in ATMs 516,310
Cash on Hand 2,441,468
B.2 Bank Account
American Gateway Bank 151,999
Bancorp South 48,644
Colonial Bank 118,266
Community Bank & Trust 214,416
Community Bank & Trust 180,854
Community Bank & Trust 111,235
Compass Bank 1,040,229
Compass Bank 144,376
Hancock Bank 1,796,862
Hibernia Bank 578,177
Iberia Savings Bank 115,328
Merchants & Marine Bank 39,269
National Bank Of Walton 114,853
Teche Federal Savings Bank 629
The First National Bank 111,657
Trustmark National Bank 109,695
Union Planters Bank 7,341
United Bank 73,369
Various Banks 21,886,403
B.3 Security Deposits
Other Deposit - Entergy Louisiana, Inc. 1,696,143
Other Deposit - Entergy Mississippi, Inc. 683,040
Other Deposit - Entergy New Orleans, Inc. 337,060
Others 1,332,569
B.12 Stock Interests unknown
B.15 Accounts Receivable
Associate Receivables 30,997
Charge Sales Customers 201,249
Pharmacy Receivables 10,654,540
Pharmacy Receivables 18
Vendor Receivables 463,709
Reserve Allocation (284,175)
B.22 Licenses, Franchises and Other Intangibles unknown
B.23 Vehicles and Accessories
Automobiles 179,259
Store Maintenance Vehicles 304,915
B.26 Office Equipment
Office Furniture & Fixtures 31,773
Office Info & Date Handling 666,559
B.27 Machinery 80,527,094
B.28 Inventory 212,946,671
B.33 Others
Capital Leased Assets 1,682,620
Construction In Progress 6,279,298
Escrow Deposits 10,000
Internal & External Software 800,397
Leasehold Improvements 45,688,328
Other Deposits 1,250
Prepaid Franchise Taxes 65,944
Prepaid Maintenance 1,441,787
Prepaid Rent 5,607,421
Prepaid Taxes & Licenses 1,479,592
TOTAL SCHEDULED ASSETS $427,054,913
========================================================
C. Property Claimed as Exempt -
D. Secured Claims unliquidated
E. Unsecured Priority Claims unliquidated
F. Unsecured Non-Priority Claims
Wilmington Trust Company 310,500,000
Accounts Payable
Dairy Farmers Of America Inc. 729,127
Frito Lay Inc. 5,171,029
Gulf Coast Coca-Cola Btl 745,496
Louisiana Coca Cola 1,577,172
Others 28,353,195
Intercompany Payables
Win General Insurance 2,923,927
Winn-Dixie Stores, Inc. 88,925,279
TOTAL SCHEDULED LIABILITIES $438,925,224
========================================================
Headquartered in Jacksonville, Florida, Winn-Dixie Stores, Inc. --
http://www.winn-dixie.com/-- is one of the nation's largest food
retailers. The Company operates stores across the Southeastern
United States and in the Bahamas and employs approximately 90,000
people. The Company, along with 23 of its U.S. subsidiaries,
filed for chapter 11 protection on Feb. 21, 2005 (Bankr. S.D.N.Y.
Case No. 05-11063). D.J. Baker, Esq., at Skadden Arps Slate
Meagher & Flom LLP, and Sarah Robinson Borders, Esq., and Brian
C. Walsh, Esq., at King & Spalding LLP, represent the Debtors
in their restructuring efforts. When the Debtors filed for
protection from their creditors, they listed $2,235,557,000 in
total assets and $1,870,785,000 in total debts. (Winn-Dixie
Bankruptcy News, Issue No. 10; Bankruptcy Creditors' Service,
Inc., 215/945-7000)
WINN-DIXIE: Raleigh Inc. Files Schedules of Assets & Debts
----------------------------------------------------------
A. Real Property
Store - Stockbridge, Georgia $5,727,623
Store No. 0945 - Land only 94,200
Store No. 1701 - Land only 605,069
Store No. 1829 - Land only 94,300
B. Personal Property
B.1 Cash on Hand
Cash in ATMs 465,660
Cash on Hand 1,967,487
B.2 Bank Account
Bank of Granite 120,292
BB&T 711,936
BB&T 69,379
Centura 10,525
Northeast Georgia Bank 77,914
The Provident Bank 11,213
US Bank 51,100
US Bank 9,161
Various Banks 12,344,551
B.3 Security Deposits 523,178
B.15 Accounts Receivable
Associate Receivables 40,284
Charge Sale Customers 1,703
Miscellaneous Receivables 30,110
Pharmacy Receivables 6,369,692
Reserve Allocation (224,533)
Intercompany Receivable 97,638,705
B.22 Licenses, Franchises and Other Intangibles unknown
B.23 Vehicles and Accessories
Automobiles 143,300
Store Maintenance Vehicles 97,823
Trailers 1,757,173
B.26 Office Equipment
Office Furniture & Fixtures 204,660
Office Info & Date Handling 601,816
B.27 Machinery 42,815,920
B.28 Inventory 161,266,592
B.33 Others
Capital Leased Assets 2,171,858
Construction In Progress 67,303
Escrow Deposits 1,647,651
Internal & External Software 819,998
Leasehold Improvements 33,199,413
Prepaid Franchise Taxes 168,520
Prepaid Maintenance 1,442,233
Prepaid Rent 4,299,670
Prepaid Taxes & Licenses 519,125
TOTAL SCHEDULED ASSETS $377,962,606
========================================================
C. Property Claimed as Exempt -
D. Secured Claims unliquidated
E. Unsecured Priority Claims unliquidated
F. Unsecured Non-Priority Claims
Wilmington Trust Company 310,500,000
Coca Cola Bottling Co 1,454,299
Maryland & Virginia 2,377,312
Pepsi Cola 1,150,274
Others 16,839,558
TOTAL SCHEDULED LIABILITIES $332,321,443
========================================================
Headquartered in Jacksonville, Florida, Winn-Dixie Stores, Inc. --
http://www.winn-dixie.com/-- is one of the nation's largest food
retailers. The Company operates stores across the Southeastern
United States and in the Bahamas and employs approximately 90,000
people. The Company, along with 23 of its U.S. subsidiaries,
filed for chapter 11 protection on Feb. 21, 2005 (Bankr. S.D.N.Y.
Case No. 05-11063). D.J. Baker, Esq., at Skadden Arps Slate
Meagher & Flom LLP, and Sarah Robinson Borders, Esq., and Brian
C. Walsh, Esq., at King & Spalding LLP, represent the Debtors
in their restructuring efforts. When the Debtors filed for
protection from their creditors, they listed $2,235,557,000 in
total assets and $1,870,785,000 in total debts. (Winn-Dixie
Bankruptcy News, Issue No. 10; Bankruptcy Creditors' Service,
Inc., 215/945-7000)
WINN-DIXIE: Supermarkets' Schedules of Assets & Liabilities
-----------------------------------------------------------
A. Real Property -
B. Personal Property
B.1 Cash on Hand $60,811
B.2 Bank Account
B.3 Security Deposits 1,848
B.22 Licenses, Franchises and Other Intangibles unknown
B.27 Machinery 1,431,153
B.28 Inventory 10,286,514
B.33 Others
Leasehold Improvements 2,387,548
Prepaid Franchise Taxes 14,140
Prepaid Rent 15,869
Prepaid Taxes & Licenses 42,156
TOTAL SCHEDULED ASSETS $14,240,039
=======================================================
C. Property Claimed as Exempt -
D. Secured Claims -
E. Unsecured Priority Claims -
F. Unsecured Non-Priority Claims
Wilmington Trust Company 310,500,000
Intercompany Payables 19,559,531
TOTAL SCHEDULED LIABILITIES $330,086,352
=======================================================
Headquartered in Jacksonville, Florida, Winn-Dixie Stores, Inc. --
http://www.winn-dixie.com/-- is one of the nation's largest food
retailers. The Company operates stores across the Southeastern
United States and in the Bahamas and employs approximately 90,000
people. The Company, along with 23 of its U.S. subsidiaries,
filed for chapter 11 protection on Feb. 21, 2005 (Bankr. S.D.N.Y.
Case No. 05-11063). D.J. Baker, Esq., at Skadden Arps Slate
Meagher & Flom LLP, and Sarah Robinson Borders, Esq., and Brian
C. Walsh, Esq., at King & Spalding LLP, represent the Debtors
in their restructuring efforts. When the Debtors filed for
protection from their creditors, they listed $2,235,557,000 in
total assets and $1,870,785,000 in total debts. (Winn-Dixie
Bankruptcy News, Issue No. 9; Bankruptcy Creditors' Service,
Inc., 215/945-7000)
WINSTAR COMMS: Releases February 2005 Monthly Operating Report
--------------------------------------------------------------
Winstar Communications, Inc.
Balance Sheet
As of February 28, 2005
ASSETS
Unrestricted Cash and Equivalents $25,510,122
Restricted Cash and Cash Equivalents -
Accounts Receivable (Net) -
Notes Receivable -
Inventories -
Prepaid Expenses -
Professional Retainers -
Other Current Assets -
------------
Total Current Assets 25,510,122
------------
Real Property and Improvements
Machinery & Equipment -
Furniture, Fixtures & Office Equipment -
Leasehold Improvements -
Vehicles -
Less: Accumulated Depreciation -
------------
Total Property & Equipment -
------------
Loans to Insiders
Other Assets -
------------
Total Other Assets -
------------
TOTAL ASSETS $25,510,122
============
LIABILITIES & SHAREHOLDER'S EQUITY
Accounts Payable -
Taxes Payable -
Wages Payable -
Notes Payable -
Rent/Leases - Building/Equipment -
Secured Debt/Adequate Protection Payments -
Professional Fees -
Amounts Due to Insiders -
Other Post Conversion Liabilities -
------------
Total Post Conversion Liabilities -
------------
Secured Debt -
Priority Debt -
Unsecured Debt -
------------
Total Pre-Conversion Liabilities -
------------
Owners' Equity
Capital Stock -
Additional Paid In Capital -
Partners' Capital Account -
Owners' Equity Account $57,559,619
Retained Earnings - Pre-Conversion -
Retained Earnings - Post-Conversion (32,049,496)
Adjustments to Owner Equity -
Postpetition Contributions (Distributions)(Draws) -
------------
Net Owners' Equity 25,510,122
------------
TOTAL LIABILITIES & OWNERS' EQUITY $25,510,122
============
Winstar Communications, Inc.
Statement of Operations
For the Month Ended February 28, 2005
Gross Revenues -
Less: Returns and Allowances -
------------
Net Revenue -
Beginning Inventory -
Add: Purchases -
Add: Cost of Labor -
Add: Other Costs -
Less: Ending Inventory -
Cost of Goods Sold -
------------
Gross Profit -
Advertising -
Auto and Truck Expense -
Bad Debts -
Contributions -
Employee Benefits Programs -
Insider Compensation -
Insurance -
Management Fees/Bonuses -
Office Expense -
Pension & Profit-Sharing Plans -
Repairs and Maintenance -
Rent and Lease Expenses -
Salaries/Commissions/Fees -
Supplies -
Taxes - Payroll -
Taxes - Real Estate -
Taxes - Other -
Travel and Entertainment -
Utilities -
Other -
------------
Total Operating Expenses before Depreciation -
Depreciation/Depletion/Amortization -
------------
Net Profit (Loss) before other income and expenses -
Other Income $221,671
Worker's Comp Refund -
Tax Refund -
Leasehold Buyback -
Interest Expense -
Other Expense 2,742
Pmt from Sale of Assets - Tera -
Compensation as Director per Court Order -
Payment Per Stipulation -
Pmt from Sale of Assets - American Communications -
Return of DIP Loan Disbursement -
Pmt from Sale of Del Telecom International Stock -
Pmt per NW Nexus Sale Order -
Pmt per 1/7 Order and APA Agreement -
Payment per 2/10/03 Court Order -
Pmt PTO Employment Contract -
Turnover of Funds to IDT -
Turnover of Bank Account -
Insurance Expense -
Reimbursement of Expenses 1,367
Payroll 19,077
Sale of Assets -
------------
Net Profit (Loss) before reorganization items 198,485
Professional Fees -
U.S. Trustee Quarterly Fees -
Interest Earned on Accumulated Cash from Chapter 11 -
Gain (Loss) from Sale of Equipment -
Other Reorganization Expenses -
Total Reorganization Expenses -
Income Taxes -
------------
Net Profit (Loss) $198,485
============
Winstar Communications, Inc.
Cash Receipts and Disbursements
For the Month Ended February 28, 2005
Cash Beginning of Month $25,311,638
Receipts:
Cash Sales -
Accounts Receivable -
Return of DIP Loan Disbursement -
Sale of ISP Northwest Nexus -
Holdings Funds -
Insurance Refund Dividend -
Final Settlement -
Liquidation of Well's Fargo Acct -
Liquidation of Fleet Account per stipulation -
Transfer from AON -
Leasehold Buyback -
Closing of Bank Account -
Pmt from Sales of Assets - Tera -
Pmt from Sales of Assets - American Communications -
Pmt from Sale of Del Telecom International Stock -
Transfers -
Claim Settlement 202,000
Refund of Overpayment -
Tax Refund -
Worker's Comp Refund -
Collection on Preferences 5,400
Turnover of Bank Account -
Reimbursement - Moving Expenses -
Interest 14,271
Payment from Sale of Assets -
------------
Total Receipts $221,671
Disbursements:
Employee Benefits -
Net Payroll $19,077
Payroll Taxes -
Sales, Use, & Other Taxes -
Chapter 11 Quarterly Fees -
Chapter 11 Administrative Claims -
Insurance 1,008
Additional Payment of Funds - CTG Revised Accounting -
Pmt per NW Nexus Sale Order -
Pmt per 1/7 Order and APA Agreement -
Advertising Fees -
License Fees -
Legal Fees per Court Order -
Administrative 145
Telephone -
Compensation as Director per Court Order -
Distribution Per Orders of 12/12/02 -
Payment per 2/10/03 Court Order -
Pmt PTO Employment Contract -
Owner Draw -
Reimbursement of Check from SF Interactive -
Reimbursement of Expenses 1,367
Reimbursement of Expenses per Order of 5/13/03 -
Turnover of Funds to IDT -
Trustee Bond -
Professional Fees -
Trustee Expense -
Trustee Commission 94,889
Bankruptcy Service Payments 2,597
Rent -
Moving Expenses -
Payment per Stipulation -
Payment of Carve Out per order of 12/11/02 -
Payment per stipulation and order of 4/15/03
- per carve out -
Per Order of 4/15/03 - payment of chapter 11 carve out -
Pmt per order of 4/15/03
- pmt of carve out chapter 11 fees -
Attorney's Fees for Counsel for Trustee -
Accounting Fees for acct. for Chapter 7 Trustee -
Tax Consultant Fees -
Payment - Summary Judgment -
Payment of Claims -
------------
Total Disbursements 23,187
------------
Net Cash Flow 198,485
------------
Cash - End of Month $25,510,122
============
Headquartered in New York, New York, Winstar Communications, Inc.,
provides broadband services to business customers. The Company
and its debtor-affiliates filed for chapter 11 protection on
April 18, 2001 (Bankr. D. Del. Case Nos. 01-01430 through
01-01462). The Debtors obtained the Court's approval converting
their case to a chapter 7 liquidation proceeding in January 2002.
Christine C. Shubert serves as the Debtors' chapter 7 trustee.
When the Debtors filed for bankruptcy, they listed $4,975,437,068
in total assets and $4,994,467,530 in total debts. (Winstar
Bankruptcy News, Issue No. 65; Bankruptcy Creditors' Service,
Inc., 215/945-7000)
*********
Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par. Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable. Those sources may not,
however, be complete or accurate. The Monday Bond Pricing table
is compiled on the Friday prior to publication. Prices reported
are not intended to reflect actual trades. Prices for actual
trades are probably different. Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind. It is likely that some entity
affiliated with a TCR editor holds some position in the issuers'
public debt and equity securities about which we report.
Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets. At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled. Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets. A company may establish reserves on its balance sheet for
liabilities that may never materialize. The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.
A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR. Submissions about insolvency-
related conferences are encouraged. Send announcements to
conferences@bankrupt.com.
Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals. All titles are
available at your local bookstore or through Amazon.com. Go to
http://www.bankrupt.com/books/to order any title today.
Monthly Operating Reports are summarized in every Saturday edition
of the TCR.
For copies of court documents filed in the District of Delaware,
please contact Vito at Parcels, Inc., at 302-658-9911. For
bankruptcy documents filed in cases pending outside the District
of Delaware, contact Ken Troubh at Nationwide Research &
Consulting at 207/791-2852.
*********
S U B S C R I P T I O N I N F O R M A T I O N
Troubled Company Reporter is a daily newsletter co-published by
Bankruptcy Creditors' Service, Inc., Fairless Hills, Pennsylvania,
USA, and Beard Group, Inc., Frederick, Maryland USA. Yvonne L.
Metzler, Emi Rose S.R. Parcon, Rizande B. Delos Santos, Jazel P.
Laureno, Cherry Soriano-Baaclo, Marjorie Sabijon, Terence Patrick
F. Casquejo, Jason A. Nieva, Christian Q. Salta and Peter A.
Chapman, Editors.
Copyright 2005. All rights reserved. ISSN: 1520-9474.
This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers. Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.
The TCR subscription rate is $675 for 6 months delivered via e-
mail. Additional e-mail subscriptions for members of the same firm
for the term of the initial subscription or balance thereof are
$25 each. For subscription information, contact Christopher
Beard at 240/629-3300.
*** End of Transmission ***