EX-99.01 3 a03-1031_1ex9901.htm EX-99.01

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 June 30, 2003

 

BEGINNING BALANCE IN ALL ACCOUNTS

 

$

15,980,721

 

 

 

 

 

 

 

 

 

RECEIPTS:

 

 

 

 

 

1. Receipts from operations

 

$

 

 

 

2. Other Receipts

 

$

37,226

 

 

 

3. Preference Claims Receipts

 

$

34,000

 

 

 

4. Sale Of Assets

 

$

 

 

 

5. Receipt Of Escrow

 

$

 

 

 

6. Daimler Chrysler Motor Corp

 

$

 

 

 

 

 

 

 

 

 

DISBURSEMENTS:

 

 

 

 

 

3. Net payroll:

 

 

 

 

 

a. Officers

 

$

17,726

 

 

 

b. Others

 

$

4,728

 

 

 

 

 

 

 

 

 

4. Taxes

 

 

 

 

 

a. Federal Income Taxes

 

$

6,687

 

 

 

b. FICA withholdings

 

$

1,615

 

 

 

c. Employee’s withholdings (2)

 

$

 

 

 

d. Employer’s FICA

 

$

1,615

 

 

 

e. Federal Unemployment Taxes

 

$

25

 

 

 

f. State Unemployment Taxes

 

$

225

 

 

 

g. State Employee withholdings

 

$

892

 

 

 

h. All other taxes

 

$

 

 

 

 

 

 

 

 

 

5. Necessary expenses:

 

 

 

 

 

a. Rent or mortgage payments (s)

 

$

4,750

 

 

 

b. Utilities

 

$

 

 

 

c. Insurance

 

$

3,507

 

 

 

d. Merchandise bought for manufacture or sale

 

$

 

 

 

e. Other necessary expenses

 

 

 

 

 

Foothill Secured Loan

 

$

 

 

 

Asset Sale Related Expenses

 

$

 

 

 

Union Closure Agreement

 

$

 

 

 

Professional/Trustee Fees

 

$

47,765

 

 

 

All Other Disbursements

 

$

31,687

 

 

 

 

 

 

 

 

 

TOTAL DISBURSEMENTS

 

$

121,221

 

 

 

 

 

 

 

 

 

NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD

 

 

 

$

(49,996

)

 

 

 

 

 

 

ENDING BALANCE IN LASALLE BANK N.A., ALLIED PRODUCTS D.I.P. CASE #00B28798

 

 

 

$

15,930,726

 

OPERATING ACCOUNT: 5800272592

 

 

 

 

 

ENDING BALANCE IN LASALLE BANK N.A., ALLIED PRODUCTS D.I.P. CASE #00B28798

 

 

 

$

 

PAYROLL ACCOUNT: 5800272618

 

 

 

 

 

ENDING BALANCE IN LASALLE BANK N.A., ALLIED PRODUCTS D.I.P. CASE #00B28798

 

 

 

$

 

DANNEN CRANE HEYMAN SIMON SPECIAL ACCOUNT ALLIED: 8601721825

 

 

 

 

 

ENDING BALANCE IN LASALLE BANK N.A., ALLIED PRODUCTS D.I.P. CASE #00B28798

 

 

 

$

 

ACCOUNTS PAYABLE DISBURSEMENTS: 5800272600

 

 

 

 

 

ENDING BALANCE IN LASALLE BANK N.A., VERSON CORPORATION

 

 

 

 

 

PAYROLL ACCOUNT: 5800026501

 

 

 

$

 

ENDING BALANCE IN ALL ACCOUNTS

 

$

15,930,726

 

 

 

 


(1) All information reflects cash activity per Company accounting records

(2) Includes wage garnishments

 

1



 

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 June 30, 2003

 

Summary of Company Receipts for the period of June 1, 2003 through June 30, 2003 (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

 

 

Various

 

Preference Payments

 

34,000

 

None

 

Receipt of Escrow

 

 

None

 

Note Receivable

 

 

 

 

Additional Receipts

 

 

Various

 

Employee Related/COBRA Receipts-Foothill

 

 

Various

 

Operational Receipts

 

 

Various

 

Sales Of Assets

 

 

Various

 

Other Receipts

 

37,226

 

Various

 

GM Funding

 

 

 

 

Total Receipts

 

$

71,226

 

 


(1)  Please see attached pages for the detail of receipts by Company bank account

 

2



 

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 June 30, 2003

 

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

 

 

Various

 

Preference Payment

 

34,000

 

None

 

Receipt of Escrow

 

 

None

 

Note Receivable

 

 

Various

 

Additional Receipts

 

 

Various

 

Employee Related/COBRA Receipts-Foothill

 

 

Various

 

Operational Receipts

 

 

Various

 

Sales Of Assets

 

 

Various

 

Other Receipts

 

37,226

 

None

 

GM Funding

 

 

 

 

Total Receipts

 

$

71,226

 

 

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.

 

3



 

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 June 30, 2003

 

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.

 

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

 

 

RECEIPTS LISTING

 

 

FOR MONTH ENDING June 30, 2003

 

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.

 

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 June 30, 2003

 

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.

 

6



 

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 June 30, 2003

 

Bank:

 

LASALLE BANK N.A.

 

 

 

Location:

 

135 SOUTH LASALLE STREET, CHICAGO, IL 60603

 

 

 

Account Name:

 

DANNEN CRANE HEYMAN SIMON SPECIAL ACCOUNT ALLIED

 

 

 

Account No.:

 

8601721825

 

 

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

 

 

various

 

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.

 

7



 

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 June 30, 2003

 

Summary of Company Disbursements for the period of June 1, 2003 through June 30, 2003

 

DATE DISBURSED

 

CHECK/WIRE NO.

 

DESCRIPTION

 

AMOUNT

 

 

 

 

 

 

 

 

 

Various

 

Various

 

Salaries, Benefits & Insurance

 

$

37,019

 

None

 

None

 

Stay Bonus

 

 

None

 

None

 

Utilities

 

 

Various

 

Various

 

Rents & Leases

 

4,750

 

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

 

47,765

 

None

 

None

 

Foothill Principal Payments

 

 

None

 

None

 

Boeing Letter of Credit

 

 

None

 

None

 

Federal and State Income Taxes

 

 

None

 

None

 

Foothill Interest & Fees

 

 

Various

 

Various

 

All Other

 

31,687

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Disbursements

 

$

121,221

 

 


(1)  Please see attached pages for the detail of disbursements by Company bank account

 

8



 

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 June 30, 2003

 

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

 

$

37,019

 

None

 

None

 

Stay Bonus

 

 

None

 

None

 

Utilities

 

 

Various

 

Various

 

Rents & Leases

 

4,750

 

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

 

47,765

 

None

 

None

 

Foothill Principal Payments

 

 

None

 

None

 

Boeing Letter of Credit

 

 

None

 

None

 

Federal and State Income Taxes

 

 

None

 

None

 

Foothill Interest & Fees

 

 

Various

 

Various

 

All Other

 

31,687

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Disbursements

 

$

121,221

 

 

You must create a separate list for each bank account for which disbursements were made during the month.

 

9



 

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 June 30, 2003

 

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.

 

10



 

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 June 30, 2003

 

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.

 

11



 

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  June 30, 2003

 

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.

 

12



 

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 June 30, 2003

 

Bank:

 

LASALLE BANK N.A.

 

 

 

Location:

 

135 SOUTH LASALLE STREET, CHICAGO, IL 60603

 

 

 

Account Name:

 

DANNEN CRANE HEYMAN SIMON SPECIAL ACCOUNT ALLIED

 

 

 

Account No.:

 

8610721825

 

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.

 

13



 

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 June 30, 2003

 

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

 

$

33,512

 

Payroll taxes due but unpaid

 

$

 

 

STATUS OF PAYMENTS TO SECURED CREDITORS AND LESSORS

 

Name of Creditor/Lessor

 

Date regular
payment is due

 

Amount of
Regular
Payment

 

Number of
Payments
Delinquent

 

Amounts of
Payments
Delinquent *

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

 


* Include only post-petition payments

 

14



 

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  June 30, 2003

 

STATEMENT OF AGED RECEIVABLES (PRE-PETITION AND POST-PETITION)

 

ACCOUNTS RECEIVABLE:

 

 

 

 

 

 

 

Beginning month balance

 

$

3,445,466

 

Add:      sales on account

 

$

 

Less:   collections/adjustments (1)

 

$

 

End of month balance

 

$

3,445,466

 

 

0-30 Days

 

31-60 Days

 

61-90 Days

 

Over 90 Days (1)

 

End of Month

 

 

 

 

 

 

 

 

 

 

 

$

 

$

 

$

 

$

3,445,466

 

$

3,445,466

 

 

STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION)

 

Beginning of month balance

 

$

 

Add: credit extended

 

$

67,743

 

Less: payments of account

 

$

(67,743

)

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

 

15



 

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  June 30, 2003

 

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

 

ý

 

No

 

o

 

 

 

 

 

 

 

 

 

 

 

 

 

2.

 

FICA withholdings

 

Yes

 

ý

 

No

 

o

 

 

 

 

 

 

 

 

 

 

 

 

 

3.

 

Employee’s withholdings

 

Yes

 

ý

 

No

 

o

 

 

 

 

 

 

 

 

 

 

 

 

 

4.

 

Employer’s FICA

 

Yes

 

ý

 

No

 

o

 

 

 

 

 

 

 

 

 

 

 

 

 

5.

 

Federal Unemployment Taxes

 

Yes

 

ý

 

No

 

o

 

 

 

 

 

 

 

 

 

 

 

 

 

6.

 

State Income Tax

 

Yes

 

ý

 

No

 

o

 

 

 

 

 

 

 

 

 

 

 

 

 

7.

 

State Employee withholdings

 

Yes

 

ý

 

No

 

o

 

 

 

 

 

 

 

 

 

 

 

 

 

8.

 

All other state taxes

 

Yes

 

ý

 

No

 

o

 

 

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.

 

16



 

(Rev. 06-97)

Department of the Treasury - Internal Revenue Service
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

1-Jun-03

to

13-Jun-03

 

 

Taxes Reported on
form 941, Employer's
Quarterly Federal Tax
Return

 

Payroll Date

13-Jun-03

 

 

 

 

 

 

 

 

 

Gross wages paid to employees

$

17,547

 

Income tax withheld

$

3,697

 

Social Security

Employer's Soc. Sec.

$

759

 

 

Employee's Soc. Sec

759

 

 

Employer's Medicare

254

 

 

Employee's Medicare

254

 

 

Soc. Sec & Medicare Total

$

2,026

 

Tax Deposited

$

5,723

 

 

 

 

Date Deposited

 

   Wired To ADP 06/13/03

 

 

 

 

 

 

 

 

 

 

Section 2

 

 

Form 940 Federal Tax Deposit (FTD) Information

 

 

 

 

 

for the payroll period from

 

to

 

 

 

Taxes Reported on
form 940, Employer's
Annual Federal
Unemployment Tax
Return

 

 

 

 

 

Gross wages paid to employees

$

 

Tax Deposited

$

 

 

 

 

 

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

o

Form 8109/8109B Federal Tax Deposit (FTD) coupon

 

 

 

(check box)

ý

Electronic Federal Payment System (EFTPS) Deposit

 

 

 

 

 

 

 

 

 

Amount (Form 941 Taxes)

Date of Deposit
Wired To ADP 06/13/

EFTPS acknowledgement number or Form 8109 FTD
received by: (1)

 

 

 

 

 

Amount (Form 940 Taxes)

Date of Deposit

EFTPS acknowledgement number or Form 8109 FTD
received by:

 

 

 

 

 

Depositor's Employer
Identification Number:

 

Name and Address of Bank

 

 

 

 

 

 

 

 

 

Under penalties of perjury, I certify that the above federal tax deposit information is true and correct

 

 

 

Signed:

Date:

 

 

 

 

 

 

 

 

 

 

Name and Title
(print or type)

Richard Drexler, Chairman, President, CEO and CFO

 

 


(1) Information is provided on a quarterly basis.

 

17



 

 

(Rev. 06-97)

Department of the Treasury - Internal Revenue Service
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

14-Jun-03

to

27-Jun-03

 

 

Taxes Reported on
form 941, Employer's
Quarterly Federal Tax
Return

 

Payroll Date

27-Jun-03

 

 

 

 

 

 

 

 

 

Gross wages paid to employees

$

14,100

 

Income tax withheld

$

2,989

 

Social Security

Employer's Soc. Sec.

$

397

 

 

Employee's Soc. Sec

397

 

 

Employer's Medicare

204

 

 

Employee's Medicare

204

 

 

Soc. Sec & Medicare Total

$

1,204

 

Tax Deposited

$

4,193

 

 

 

 

Date Deposited

 

   Wired To ADP 06/27/03

 

 

 

 

 

 

 

 

 

 

Section 2

 

 

Form 940 Federal Tax Deposit (FTD) Information

 

 

 

 

 

for the payroll period from

 

to

 

 

 

Taxes Reported on
form 940, Employer's
Annual Federal
Unemployment Tax
Return

 

 

 

 

 

Gross wages paid to employees

$

 

Tax Deposited

$

 

 

 

 

 

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

o

Form 8109/8109B Federal Tax Deposit (FTD) coupon

 

 

 

(check box)

ý

Electronic Federal Payment System (EFTPS) Deposit

 

 

 

 

 

 

 

 

 

Amount (Form 941 Taxes)

Date of Deposit
Wired To ADP 06/27/

EFTPS acknowledgement number or Form 8109 FTD
received by: (1)

 

 

 

 

 

Amount (Form 940 Taxes)

Date of Deposit

EFTPS acknowledgement number or Form 8109 FTD
received by:

 

 

 

 

 

Depositor's Employer
Identification Number:

 

Name and Address of Bank

 

 

 

 

 

 

 

 

 

Under penalties of perjury, I certify that the above federal tax deposit information is true and correct

 

 

 

Signed:

Date:

 

 

 

 

 

 

 

 

 

 

Name and Title
(print or type)

Richard Drexler, Chairman, President, CEO and CFO

 

 


(1) Information is provided on a quarterly basis.

 

18



 

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:

 

 

 

19