0000912057-01-535352.txt : 20011019 0000912057-01-535352.hdr.sgml : 20011019 ACCESSION NUMBER: 0000912057-01-535352 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20011009 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20011015 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALLIED PRODUCTS CORP /DE/ CENTRAL INDEX KEY: 0000003941 STANDARD INDUSTRIAL CLASSIFICATION: FARM MACHINERY & EQUIPMENT [3523] IRS NUMBER: 380292230 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05530 FILM NUMBER: 1758537 BUSINESS ADDRESS: STREET 1: 10 S RIVERSIDE PLZ STREET 2: SUITE 400 CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3124541020 8-K 1 a2060987z8-k.txt 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 9, 2001 ALLIED PRODUCTS CORPORATION (Exact name of registrant as specified in its charter) DELAWARE 1-5530 8-0292230 (State or other jurisdiction (Commission File Number) (I.R.S. Employer of incorporation) Identification No.) 10 South Riverside Plaza, Chicago, Illinois 60606 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (312) 454-1020 NOT APPLICABLE -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) ITEM 5. OTHER EVENTS On October 2, 2000, Allied Products Corporation (the "Company") filed a petition for reorganization in the United States Bankruptcy Court for the Northern District of Illinois, Eastern Division under Chapter 11 of the United States Bankruptcy Code. The Company is filing copies of its monthly United States Trustee reports under cover of Form 8-K in lieu of Forms 10-Q and 10-K. On October 9, 2001, the Company filed its September monthly United States Trustee report with the bankruptcy court. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS Exhibits 99.01 United States Trustee Report of the Company for September 2001. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Allied Products Corporation (Registrant) By: /s/ Richard A. Drexler ----------------------------- Richard A. Drexler Chairman, President and Chief Executive & Financial Officer Dated: October 12, 2001 EX-99.01 3 a2060987zex-99_01.txt UNITED STATES TRUSTEE REPORT Exhibit 99.01 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: ALLIED PRODUCTS CORPORATION CASE NO. 00 B 28798 --------------------------- ---------- SUMMARY OF CASH RECEIPTS AND CASH DISBURSEMENTS (1) --------------------------------------------------- FOR MONTH ENDING SEPTEMBER 30 , 2001 ------------- BEGINNING BALANCE IN ALL ACCOUNTS $ 7,911,889 ------------------- RECEIPTS: 1. Receipts from operations $ 356,889 ------------------- 2. Other Receipts $ (7,429) ------------------- 3. Miscellaneous Receipts $ - ------------------- 4. Sale Of Assets $ - ------------------- 5. Receipt Of Escrow $ - ------------------- 6. General Motors Funding $ - ------------------- DISBURSEMENTS: 3. Net payroll: a. Officers $ 25,418 ------------------- b. Others $ 17,427 ------------------- 4. Taxes a. Federal Income Taxes $ 14,112 ------------------- b. FICA withholdings $ 1,875 ------------------- c. Employee's withholdings (2) $ 296 ------------------- d. Employer's FICA $ 1,875 ------------------- e. Federal Unemployment Taxes $ - ------------------- f. State Income Tax $ 1,409 ------------------- g. State Employee withholdings $ 1,842 ------------------- h. All other taxes $ 192,304 ------------------- 5. Necessary expenses: a. Rent or mortgage payments (s) $ 1,628 ------------------- b. Utilities $ - ------------------- c. Insurance $ 158,216 ------------------- d. Merchandise bought for $ - manufacture or sale ------------------- e. Other necessary expenses Foothill Secured Loan $ - ------------------- Asset Sale Related Expenses $ - ------------------- Union Closure Agreement $ - ------------------- Professional/Trustee Fees $ 58,751 ------------------- All Other Disbursements $ 13,289 ------------------- TOTAL DISBURSEMENTS $ 488,442 ------------------- NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ (138,982) ------------------ ENDING BALANCE IN LASALLE BANK N.A., ALLIED PRODUCTS D.I.P. CASE #00B28798 $ 7,770,834 OPERATING ACCOUNT: 5800272592 ------------------ ENDING BALANCE IN LASALLE BANK N.A., ALLIED PRODUCTS D.I.P. CASE #00B28798 $ 6,363 PAYROLL ACCOUNT: 5800272618 ------------------ ENDING BALANCE IN LASALLE BANK N.A., ALLIED PRODUCTS D.I.P. CASE #00B28798 $ (2,102) ACCOUNTS PAYABLE DISBURSEMENTS: 5800272600 ------------------ ENDING BALANCE IN LASALLE BANK N.A., VERSON CORPORATION $ (2,188) PAYROLL ACCOUNT: 5800026501 ------------------ ENDING BALANCE IN ALL ACCOUNTS $ 7,772,907 -------------------
(1) All information reflects cash activity per Company accounting records (2) Includes wage garnishments OPERATING REPORT Page 1 Exhibit "B" IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: ALLIED PRODUCTS CORPORATION CASE NO. 00 B 28798 --------------------------- ---------- RECEIPTS LISTING ---------------- FOR MONTH ENDING SEPTEMBER 30 , 2001 ------------- SUMMARY OF COMPANY RECEIPTS FOR THE PERIOD OF AUGUST 1, 2001 THROUGH AUGUST 31, 2001 (1)
DATE RECEIVED DESCRIPTION AMOUNT ------------- ----------- -------- None General Motors $ - None Chrysler Progress Payments - None Chrysler Holdbacks - None Chrysler Repairs - None Misc. Holdbacks & Acceptances - None Verson Std. Products - None Corporate - None Receipt of Escrow - None Note Receivable - Additional Receipts - Various Employee Related/COBRA Receipts-Foothill - Various Operational Receipts 356,889 Various Sales Of Assets - Various Other Receipts (7,429) Various GM Funding - ---------- TOTAL RECEIPTS $ 349,460 ----------
(1) Please see attached pages for the detail of receipts by Company bank account OPERATING REPORT Page 2 (1 of 5) IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: ALLIED PRODUCTS CORPORATION CASE NO. 00 B 28798 --------------------------- ---------- RECEIPTS LISTING ---------------- FOR MONTH ENDING SEPTEMBER 30 , 2001 ------------- Bank: LASALLE BANK N.A. ------------------------------------------------------------- Location: 135 SOUTH LASALLE STREET, CHICAGO, IL 60603 ------------------------------------------------------------- Account Name: ALLIED PRODUCTS D.I.P. CASE #00B28798: OPERATING ACCOUNT ------------------------------------------------------------- Account No.: 5800272592 -------------------------------------------------------------
DATE RECEIVED DESCRIPTION AMOUNT ------------- ----------- -------- None General Motors $ - None Chrysler Progress Payments - None Chrysler Holdbacks - None Chrysler Repairs - None Misc. Holdbacks & Acceptances - None Verson Std. Products - None Corporate - None Receipt of Escrow - None Note Receivable - Various Additional Receipts - Various Employee Related/COBRA Receipts-Foothill - Various Operational Receipts 356,889 Various Sales Of Assets - Various Other Receipts (7,429) Various GM Funding - ---------- TOTAL RECEIPTS $ 349,460 ----------
Receipts may be identified by major categories. It is not necessary to list each transaction separately by name of customer or invoice number. You must, however, create a separate list for each bank account to which receipts were deposited during the month. OERATING REPORT Page 2 (2 of 5) IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: ALLIED PRODUCTS CORPORATION CASE NO. 00 B 28798 --------------------------- ---------- RECEIPTS LISTING ---------------- FOR MONTH ENDING SEPTEMBER 30 , 2001 ------------- Bank: LASALLE BANK N.A. ------------------------------------------------------------- Location: 135 SOUTH LASALLE STREET, CHICAGO, IL 60603 ------------------------------------------------------------- Account Name: ALLIED PRODUCTS D.I.P. CASE #00B28798: PAYROLL ACCOUNT ------------------------------------------------------------- Account No.: 5800272618 -------------------------------------------------------------
DATE RECEIVED DESCRIPTION AMOUNT ------------- ----------- ------ None General Motors $ - None Chrysler Progress Payments - None Chrysler Holdbacks - None Chrysler Repairs - None Misc. Holdbacks & Acceptances - None Verson Std. Products - None Corporate - None Receipt of Escrow - None Note Receivable - Additional Receipts None Employee Related/COBRA Receipts-Foothill - None Operational Receipts - None Sales Of Assets - None Other Receipts - None GM Funding - --------- TOTAL RECEIPTS $ - ---------
Receipts may be identified by major categories. It is not necessary to list each transaction separately by name of customer or invoice number. You must, however, create a separate list for each bank account to which receipts were deposited during the month. OPERATING REPORT Page 2 (3 of 5) IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: ALLIED PRODUCTS CORPORATION CASE NO. 00 B 28798 --------------------------- ---------- RECEIPTS LISTING ---------------- FOR MONTH ENDING SEPTEMBER 30 , 2001 ------------- Bank: LASALLE BANK N.A. --------------------------------------------------------------- Location: 135 SOUTH LASALLE STREET, CHICAGO, IL 60603 --------------------------------------------------------------- Account Name: ALLIED PRODUCTS D.I.P. CASE #00B28798: ACCOUNTS PAYABLE ACCOUNT --------------------------------------------------------------- Account No.: 5800272600 ---------------------------------------------------------------
DATE RECEIVED DESCRIPTION AMOUNT ------------- ----------- ------ None General Motors $ - None Chrysler Progress Payments - None Chrysler Holdbacks - None Chrysler Repairs - None Misc. Holdbacks & Acceptances - None Verson Std. Products - None Corporate - None Receipt of Escrow - None Note Receivable - Additional Receipts None Employee Related/COBRA Receipts-Foothill - None Operational Receipts - None Sales Of Assets - None Other Receipts - None GM Funding - --------- TOTAL RECEIPTS $ - ---------
Receipts may be identified by major categories. It is not necessary to list each transaction separately by name of customer or invoice number. You must, however, create a separate list for each bank account to which receipts were deposited during the month. OPERATING REPORT Page 2 (4 of 5) IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: ALLIED PRODUCTS CORPORATION CASE NO. 00 B 28798 --------------------------- ---------- RECEIPTS LISTING ---------------- FOR MONTH ENDING SEPTEMBER 30 , 2001 ------------- Bank: LASALLE BANK N.A. ------------------------------------------------------------- Location: 135 SOUTH LASALLE STREET, CHICAGO, IL 60603 ------------------------------------------------------------- Account Name: VERSON CORPORATION PAYROLL ACCOUNT ------------------------------------------------------------- Account No.: 5800026501 -------------------------------------------------------------
DATE RECEIVED DESCRIPTION AMOUNT ------------- ----------- ------ None General Motors $ - None Chrysler Progress Payments - None Chrysler Holdbacks - None Chrysler Repairs - None Misc. Holdbacks & Acceptances - None Verson Std. Products - None Corporate - None Receipt of Escrow - None Note Receivable - Additional Receipts None Operational Receipts - None Operational Receipts-Foothill Account - None Sales Of Assets - None Other Receipts - None GM Funding - --------- TOTAL RECEIPTS $ - ---------
Receipts may be identified by major categories. It is not necessary to list each transaction separately by name of customer or invoice number. You must, however, create a separate list for each bank account to which receipts were deposited during the month. OPERATING REPORT Page 2 (5 of 5) IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: ALLIED PRODUCTS CORPORATION CASE NO. 00 B 28798 --------------------------- ---------- DISBURSEMENT LISTING -------------------- FOR MONTH ENDING SEPTEMBER 30 , 2001 ------------- SUMMARY OF COMPANY DISBURSEMENTS FOR THE PERIOD OF AUGUST 1, 2001 THROUGH AUGUST 31, 2001
DATE DISBURSED CHECK/WIRE NO. DESCRIPTION AMOUNT --------------- -------------- ----------- ------ Various Various Salaries, Benefits & Insurance $ 221,061 None None Stay Bonus - None None Utilities - Various Various Rents & Leases 1,628 None None Remaining Man. Costs - None None Pre-Petition Vendor Payments - None None Real Estate Taxes - None None Asset Sale Related Expenses - None None Foothill Capital-Secured Loan - None None Union Closure Agreement - None None Parts Purchases - Various Various Professional/Trustee Fees 58,751 None None Foothill Principal Payments - None None Boeing Letter of Credit - Various Various Federal and State Income Taxes 193,713 None None Foothill Interest & Fees - Various Various All Other 13,289 ---------- TOTAL DISBURSEMENTS $ 488,442 ---------
(1) Please see attached pages for the detail of disbursements by Company bank account OPERATING REPORT Page 3 (1 of 5) IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: ALLIED PRODUCTS CORPORATION CASE NO. 00 B 28798 --------------------------- ---------- DISBURSEMENT LISTING -------------------- FOR MONTH ENDING SEPTEMBER 30 , 2000 ------------- Bank: LASALLE BANK N.A. ------------------------------------------------------------- Location: 135 SOUTH LASALLE STREET, CHICAGO, IL 60603 ------------------------------------------------------------- Account Name: ALLIED PRODUCTS D.I.P. CASE #00B28798: OPERATING ACCOUNT ------------------------------------------------------------- Account No.: 5800272592 -------------------------------------------------------------
DATE DISBURSED CHECK/WIRE NO. DESCRIPTION AMOUNT -------------- -------------- ----------- ------ Various Various Salaries, Benefits & Insurance $ 221,061 None None Stay Bonus - None None Utilities - Various Various Rents & Leases 1,628 None None Remaining Man. Costs - None None Pre-Petition Vendor Payments - None None Real Estate Taxes - None None Asset Sale Related Expenses - None None Foothill Capital-Secured Loan - None None Union Closure Agreement - None None Parts Purchases - Various Various Professional/Trustee Fees 58,751 None None Foothill Principal Payments - None None Boeing Letter of Credit - Various Various Federal and State Income Taxes 193,713 None None Foothill Interest & Fees - Various Various All Other 13,289 ---------- TOTAL DISBURSEMENTS $ 488,442 ----------
You must create a separate list for each bank account for which disbursements were made during the month. OPERATING REPORT Page 3 (2 of 5) IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: ALLIED PRODUCTS CORPORATION CASE NO. 00 B 28798 --------------------------- ---------- DISBURSEMENT LISTING -------------------- FOR MONTH ENDING SEPTEMBER 30 , 2001 ------------- Bank: LASALLE BANK N.A. ------------------------------------------------------------- Location: 135 SOUTH LASALLE STREET, CHICAGO, IL 60603 ------------------------------------------------------------- Account Name: ALLIED PRODUCTS D.I.P. CASE #00B28798: PAYROLL ACCOUNT ------------------------------------------------------------- Account No.: 5800272618 -------------------------------------------------------------
DATE DISBURSED CHECK/WIRE NO. DESCRIPTION AMOUNT -------------- -------------- ----------- ------ None None Salaries, Benefits & Insurance $ - None None Stay Bonus - None None Utilities - None None Rents & Leases - None None Remaining Man. Costs - None None Pre-Petition Vendor Payments - None None Real Estate Taxes - None None Asset Sale Related Expenses - None None Foothill Capital-Secured Loan - None None Union Closure Agreement - None None Parts Purchases - None None Professional/Trustee Fees - None None Foothill Principal Payments - None None Boeing Letter of Credit - None None Foothill Interest & Fees - None None All Other - --------- TOTAL DISBURSEMENTS $ - ---------
You must create a separate list for each bank account for which disbursements were made during the month. OPERATING REPORT Page 3 (3 of 5) IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: ALLIED PRODUCTS CORPORATION CASE NO. 00 B 28798 --------------------------- ---------- DISBURSEMENT LISTING -------------------- FOR MONTH ENDING SEPTEMBER 30 , 2001 ------------- Bank: LASALLE BANK N.A. ------------------------------------------------------------- Location: 135 SOUTH LASALLE STREET, CHICAGO, IL 60603 ------------------------------------------------------------- Account Name: ALLIED PRODUCTS D.I.P. CASE #00B28798: ACCOUNTS PAYABLE ACCOUNT ------------------------------------------------------------- Account No.: 5800272600 -------------------------------------------------------------
DATE DISBURSED CHECK/WIRE NO. DESCRIPTION AMOUNT -------------- -------------- ----------- ------ None None Salaries, Benefits & Insurance $ - None None Stay Bonus - None None Utilities - None None Rents & Leases - None None Remaining Man. Costs - None None Pre-Petition Vendor Payments - None None Real Estate Taxes - None None Asset Sale Related Expenses - None None Foothill Capital-Secured Loan - None None Union Closure Agreement - None None Parts Purchases - None None Professional/Trustee Fees - None None Foothill Principal Payments - None None Boeing Letter of Credit - None None Foothill Interest & Fees - None None All Other - -------- TOTAL DISBURSEMENTS $ - --------
You must create a separate list for each bank account for which disbursements were made during the month. OPERATING REPORT Page 3 (4 of 5) IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: ALLIED PRODUCTS CORPORATION CASE NO. 00 B 28798 --------------------------- ---------- DISBURSEMENT LISTING -------------------- FOR MONTH ENDING SEPTEMBER 30 , 2001 ------------- Bank: LASALLE BANK N.A. ------------------------------------------------------------- Location: 135 SOUTH LASALLE STREET, CHICAGO, IL 60603 ------------------------------------------------------------- Account Name: VERSON CORPORATION PAYROLL ACCOUNT ------------------------------------------------------------- Account No.: 5800026501 -------------------------------------------------------------
DATE DISBURSED CHECK/WIRE NO. DESCRIPTION AMOUNT -------------- -------------- ----------- ------ None None Salaries, Benefits & Insurance $ - None None Stay Bonus - None None Utilities - None None Rents & Leases - None None Remaining Man. Costs - None None Pre-Petition Vendor Payments - None None Real Estate Taxes - None None Asset Sale Related Expenses - None None Foothill Capital-Secured Loan - None None Union Closure Agreement - None None Parts Purchases - None None Professional/Trustee Fees - None None Foothill Principal Payments - None None Boeing Letter of Credit - None None Foothill Interest & Fees - None None All Other - -------- TOTAL DISBURSEMENTS $ - -------
You must create a separate list for each bank account for which disbursements were made during the month. OPERATING REPORT Page 3 (5 of 5) IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: ALLIED PRODUCTS CORPORATION CASE NO. 00 B 28798 --------------------------- ---------- FOR MONTH ENDING SEPTEMBER 30 , 2001 -------------
STATEMENT OF INVENTORY (PRE-PETITION AND POST-PETITION) Beginning Inventory $ - ------------------- Add: purchases $ - ------------------- Less: goods sold $ - ------------------- (cost basis) Ending Inventory $ - ------------------- PAYROLL INFORMATION STATEMENT Gross payroll for this period $ 62,845 ------------------- Payroll taxes due but unpaid $ - -------------------
STATUS OF PAYMENTS TO SECURED CREDITORS AND LESSORS
Amount of Number of Amounts of Date regular Regular Payments Payments Name of Creditor/Lessor payment is due Payment Delinquent Delinquent* ----------------------- -------------- --------- ---------- -----------
* Include only post-petition payments OPERATING REPORT Page 4 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: ALLIED PRODUCTS CORPORATION CASE NO. 00 B 28798 --------------------------- ---------- FOR MONTH ENDING SEPTEMBER 30 , 2001 ------------- STATEMENT OF AGED RECEIVABLES (PRE-PETITION AND POST-PETITION) ACCOUNTS RECEIVABLE: Beginning month balance $ 13,707,483 --------------- Add: sales on account (2) $ - -------------- Less: collections/adjustments $ (356,889) --------------- End of month balance $ 13,350,594 ---------------
0-30 Days 31-60 Days 61-90 Days Over 90 Days (1) End of Month ----------------- --------------- --------------- ------------------- ----------------------- $ - $ - $ - $ 13,350,594 $ 13,350,594 ----------------- --------------- --------------- ------------------- -----------------------
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION) Beginning of month balance $ - --------------- Add: credit extended $ 215,580 --------------- Less: payments of account $ (215,580) --------------- End of month balance $ - ---------------
0-30 Days 31-60 Days 61-90 Days Over 90 Days End of Month ----------------- --------------- --------------- ------------------- ----------------------- $ - $ - $ - $ - $ - ----------------- --------------- --------------- ------------------- -----------------------
ITEMIZE ALL POST-PETITION PAYABLES OVER 30 DAYS OLD ON A SEPARATE SCHEDULE AND FILE WITH THIS REPORT OPERATING REPORT Page 5 IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION CASE NAME: ALLIED PRODUCTS CORPORATION CASE NO. 00 B 28798 --------------------------- ---------- FOR MONTH ENDING SEPTEMBER 30 , 2001 ------------- TAX QUESTIONNAIRE Debtors in possession and trustees are required to pay all taxes incurred after the filing of their Chapter 11 petition on an as due basis. Please indicate whether the following post-petition taxes or withholdings have been paid currently. ---- ----- 1. Federal Income Taxes Yes X No ---- ----- ---- ----- 2. FICA withholdings Yes X No ---- ----- ---- ----- 3. Employee's withholdings Yes X No ---- ----- ---- ----- 4. Employer's FICA Yes X No ---- ----- ---- ----- 5. Federal Unemployment Taxes Yes X No ---- ----- ---- ----- 6. State Income Tax Yes X No ---- ----- ---- ----- 7. State Employee withholdings Yes X No ---- ----- ---- ----- 8. All other state taxes Yes X No ---- ----- If any of the above have not been paid, state below the tax not paid, the amounts past due and the date of last payment. OPERATING REPORT Page 6 ----------------------------------------------------------------------------------------------------------------------------- Department of the Treasury - Internal Revenue Service (Rev. 06-97) Verification of Fiduciary's Federal Tax Deposit ----------------------------------------------------------------------------------------------------------------------------- Do not attach this notice to your Return ----------------------------------------------------------------------------------------------------------------------------- TO District Director, Internal revenue Service Attn: Chief, Special Procedures Function ----------------------------------------------------------------------------------------------------------------------------- FROM: Name of Taxpayer Allied Products Corp ------------------------------------------------------------------------------------------------------ Taxpayer Address 1355 East 93rd Street Chicago, IL 60619 ----------------------------------------------------------------------------------------------------------------------------- The following information is to notify you of Federal tax deposit (s) (FTD) as required by the United States Bankruptcy Court (complete sections 1 and/or 2 as appropriate): ----------------------------------------------------------------------------------------------------------------------------- Section 1 Form 941 Federal Tax Deposit (FTD) Information for the payroll period from 25-Aug-01 to 7-Sep-01 ------------- ------------- Taxes Reported on Payroll Date 7-Sep-01 ----------------- form 941, Employer's Quarterly Federal Tax Gross wages paid to employees $ 30,485 -------------- Return Income tax withheld $ 7,056 -------------- Social Security Employer's Soc. Sec. $ 495 -------------- Employee's Soc. Sec 495 -------------- Employer's Medicare 442 -------------- Employee's Medicare 442 -------------- Soc. Sec & Medicare Total $ 1,875 -------------- Tax Deposited $ 8,931 -------------- Date Deposited Wired To ADP 9/07/01 ------------------------------ ----------------------------------------------------------------------------------------------------------------------------- Section 2 Form 940 Federal Tax Deposit (FTD) Information for the payroll period from to ------------- ------------- Taxes Reported on form 940, Employer's Gross wages paid to employees $ - -------------- Annual Federal Tax Deposited $ - -------------- Unemployment Tax Return Date Deposited ------------------------------ ----------------------------------------------------------------------------------------------------------------------------- Certification (Certification is limited to receipt or electronic transmittal of deposit only) This certifies receipt or electronic transmittal of deposits described below for Federal taxes as defined in Circular E, Employer's Tax Guide (Publication 15) ----------------------------------------------------------------------------------------------------------------------------- ----- Deposit Method Form 8109/8109B Federal Tax Deposit (FTD) coupon ----- ----- (check box) X Electronic Federal Payment System (EFTPS) Deposit ----- ----------------------------------------------------------------------------------------------------------------------------- Amount (Form 941 Taxes) Date of Deposit EFTPS acknowledgement number or Form 8109 FTD Wired To ADP 9/07/01 received by: (1) ----------------------------------------------------------------------------------------------------------------------------- Amount (Form 940 Taxes) Date of Deposit EFTPS acknowledgement number or Form 8109 FTD received by: ----------------------------------------------------------------------------------------------------------------------------- Depositor's Employer Name and Address of Bank Identification Number: ----------------------------------------------------------------------------------------------------------------------------- Under penalties of perjury, I certify that the above federal tax deposit information is true and correct ----------------------------------------------------------------------------------------------------------------------------- Signed: Date: ----------------------------------------------------------------------------------------------------------------------------- Name and Title Richard Drexler, Chairman, President, CEO and CFO (print or type) ----------------------------------------------------------------------------------------------------------------------------- (1) Information is provided on a quarterly basis. 1 of 1 Payroll 9.07 Cat. #43099Z Form 6123 (rev.06-97)
----------------------------------------------------------------------------------------------------------------------------- Department of the Treasury - Internal Revenue Service (Rev. 06-97) Verification of Fiduciary's Federal Tax Deposit ----------------------------------------------------------------------------------------------------------------------------- Do not attach this notice to your Return ----------------------------------------------------------------------------------------------------------------------------- TO District Director, Internal revenue Service Attn: Chief, Special Procedures Function ----------------------------------------------------------------------------------------------------------------------------- FROM: Name of Taxpayer Allied Products Corp ------------------------------------------------------------------------------------------------------ Taxpayer Address 1355 East 93rd Street Chicago, IL 60619 ----------------------------------------------------------------------------------------------------------------------------- The following information is to notify you of Federal tax deposit (s) (FTD) as required by the United States Bankruptcy Court (complete sections 1 and/or 2 as appropriate): ----------------------------------------------------------------------------------------------------------------------------- Section 1 Form 941 Federal Tax Deposit (FTD) Information for the payroll period from 8-Sep-01 to 21-Sep-01 ------------- ---------- Taxes Reported on Payroll Date 21-Sep-01 ----------------- form 941, Employer's Quarterly Federal Tax Gross wages paid to employees $ 30,485 -------------- Return Income tax withheld $ 7,056 -------------- Social Security Employer's Soc. Sec. $ 495 -------------- Employee's Soc. Sec 495 -------------- Employer's Medicare 442 -------------- Employee's Medicare 442 -------------- Soc. Sec & Medicare Total $ 1,875 -------------- Tax Deposited $ 8,931 -------------- Date Deposited Wired To ADP 9/21/01 ------------------------------ ----------------------------------------------------------------------------------------------------------------------------- Section 2 Form 940 Federal Tax Deposit (FTD) Information for the payroll period from to ------------- ------------- Taxes Reported on form 940, Employer's Gross wages paid to employees $ - -------------- Annual Federal Tax Deposited $ - -------------- Unemployment Tax Return Date Deposited ------------------------------ ----------------------------------------------------------------------------------------------------------------------------- Certification (Certification is limited to receipt or electronic transmittal of deposit only) This certifies receipt or electronic transmittal of deposits described below for Federal taxes as defined in Circular E, Employer's Tax Guide (Publication 15) ----------------------------------------------------------------------------------------------------------------------------- ----- Deposit Method Form 8109/8109B Federal Tax Deposit (FTD) coupon ----- ----- (check box) X Electronic Federal Payment System (EFTPS) Deposit ----- ----------------------------------------------------------------------------------------------------------------------------- Amount (Form 941 Taxes) Date of Deposit EFTPS acknowledgement number or Form 8109 FTD Wired To ADP 9/21/01 received by: (1) ----------------------------------------------------------------------------------------------------------------------------- Amount (Form 940 Taxes) Date of Deposit EFTPS acknowledgement number or Form 8109 FTD received by: ----------------------------------------------------------------------------------------------------------------------------- Depositor's Employer Name and Address of Bank Identification Number: ----------------------------------------------------------------------------------------------------------------------------- Under penalties of perjury, I certify that the above federal tax deposit information is true and correct ----------------------------------------------------------------------------------------------------------------------------- Signed: Date: ----------------------------------------------------------------------------------------------------------------------------- Name and Title Richard Drexler, Chairman, President, CEO and CFO (print or type) ----------------------------------------------------------------------------------------------------------------------------- (1) Information is provided on a quarterly basis. 1 of 1 Payroll 9.21 Cat. #43099Z Form 6123 (rev.06-97)
IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION DECLARATION UNDER PENALTY OF PERJURY I, Richard Drexler, acting as the duly authorized agent for Debtor in Possession (Trustee) declare under penalty of perjury under the laws of the United States that I have read and I certify that the figures, statements, disbursement itemizations, and account balances as listed in this Monthly Report of the Debtor are true and correct as of the date of this report to the best of my knowledge, information and belief. -------------------------------------------- For the Debtor In Possession (Trustee) Print or type name and capacity of person signing this Declaration: Richard A. Drexler -------------------------------------------- Chairman, President, CEO and CFO -------------------------------------------- DATED: -------------------------------------------- OPERATING REPORT Page 8