EX-99.8 10 int09.txt MORS FOR GDC INTERNATIONAL UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE In re General DataComm International Corporation Case No. 01-11109 Debtor Reporting Period: November, 2001 MONTHLY OPERATING REPORT File with Court and submit copy to United States Trustee within 20 days after end of month (Forms are reported in thousands of dollars) Submit copy of report to any official committee appointed in the case. Document Explanation REQUIRED DOCUMENTS Form No. Attached Attached ------------------------------------------------------------------------------- Schedule of Cash Receipts and Disbursements MOR-1 N/A See Note below Bank Reconciliation (or copies of debtor's MOR-1 bank reconciliations) MOR-1(CON'T) N/A See Note below Copies of bank statements N/A See Note below Cash disbursements journals N/A See Note below Statement of Operations MOR-2 N/A See Note below Balance Sheet MOR-3 N/A See Note below Status of Postpetition Taxes MOR-4 N/A See Note below Copies of IRS Form 6123 or payment receipt N/A See Note below Copies of tax returns filed during reporting period N/A See Note below Summary of Unpaid Postpetition Debts MOR-4 N/A See Note below Listing of aged accounts payable N/A See Note below Accounts Receivable Reconciliation and Aging MOR-5 N/A See Note below Debtor Questionnaire MOR-5 N/A See Note below I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief. Note: General DataComm International Corporation is an inactive corporation with no balance sheet accounts or statement of operations activity. --------------------- Signature of Debtor Date --------------------- Signature of Joint Debtor Date /S/ W. G. HENRY 1/18/02 --------------------- --------- Signature of Authorized Individual* Date WILLIAM G. HENRY VP & CFO --------------------- ---------- Printed Name of Authorized Individual Title of Authorized Individual *Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company. FORM MOR (9/99) In re General DataComm International Corporation Case No. 01-11109 Debtor Reporting Period: November 2001 SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS Amounts reported should be per the debtor's books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the "CURRENT MONTH - ACTUAL" column must equal the sum of the four bank account columns. The amounts reported in the "PROJECTED" columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1) . Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CON'T)]
BANK ACCOUNTS CURRENT MONTH CUMULATIVE FILING TO DATE ------------- ------------- ------------------------- OPER. PAYROLL TAX OTHER ACTUAL PROJECTED ACTUAL PROJECTED ----------------------------------------------------------- -------------------------- -------------------------- CASH BEGINNING OF MONTH ----------------------------------------------------------- -------------------------- -------------------------- RECEIPTS ----------------------------------------------------------- -------------------------- -------------------------- CASH SALES ACCOUNTS RECEIVABLE LOANS AND ADVANCES SALE OF ASSETS OTHER (ATTACH LIST) TRANSFERS (FROM DIP ACCTS) ----------------------------------------------------------- -------------------------- -------------------------- TOTAL RECEIPTS ----------------------------------------------------------- -------------------------- -------------------------- DISBURSEMENTS ----------------------------------------------------------- -------------------------- -------------------------- NET PAYROLL PAYROLL TAXES SALES, USE, & OTHER TAXES INVENTORY PURCHASES SECURED/ RENTAL/ LEASES INSURANCE ADMINISTRATIVE SELLING OTHER (ATTACH LIST) OWNER DRAW * TRANSFERS (TO DIP ACCTS) PROFESSIONAL FEES U.S. TRUSTEE QUARTERLY FEES COURT COSTS TOTAL DISBURSEMENTS NET CASH FLOW (RECEIPTS LESS DISBURSEMENTS) ----------------------------------------------------------- -------------------------- -------------------------- CASH - END OF MONTH -------------------------------------------------------------------------------------------------------------------------- * COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE
THE FOLLOWING SECTION MUST BE COMPLETED DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT MONTH ACTUAL COLUMN) TOTAL DISBURSEMENTS LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS $ PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts) $ ---- TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES $ In re General DataComm International Corporation Case No. 01-11109 Debtor Reporting Period: November, 2001 BANK RECONCILIATIONS Continuation Sheet for MOR-1 A bank reconciliation must be included for each bank account. The debtor's bank reconciliation may be substituted for this page. Operating Payroll Tax Other # # # # ------------------------------------------------------------------------------ BALANCE PER BOOKS ------------------------------------------------------------------------------ BANK BALANCE (+) DEPOSITS IN TRANSIT (ATTACH LIST) (-) OUTSTANDING CHECKS (ATTACH LIST) OTHER (ATTACH EXPLANATION) ADJUSTED BANK BALANCE * ------------------------------------------------------------------------------ * Adjusted bank balance must equal balance per books ------------------------------------------------------------------------------ DEPOSITS IN TRANSIT Date Amount Date Amount Date Amount Date Amount ------------------------------------------------- CHECKS OUTSTANDING Ck.# Amount Ck.# Amount Ck.# Amount Ck.# Amount ------------------------------------------------ OTHER ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- In re General DataComm International Corporation Case No. 01-11109 Debtor Reporting Period: November 2001 STATEMENT OF OPERATIONS (Income Statement) The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it is realized and expenses when they are incurred, regardless of when cash is actually received or paid. Cumulative REVENUES Month Filing to Date ------------------------------------------------------------------------------- Gross Revenues $ $ Less: Returns and Allowances Net Revenue $ $ ------------------------------------------------------------------------------- COST OF GOODS SOLD ------------------------------------------------------------------------------- Beginning Inventory Add: Purchases Add: Cost of Labor Add: Other Costs (attach schedule) Less: Ending Inventory Cost of Service Gross Profit ------------------------------------------------------------------------------- OPERATING EXPENSES ------------------------------------------------------------------------------- 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 Expense Salaries/Commissions/Fees Supplies Taxes - Payroll Taxes - Real Estate Taxes - Other Travel and Entertainment Utilities Other (attach schedule) Total Operating Expenses Before Depreciation Depreciation/Depletion/Amortization Net Profit (Loss) Before Other Income & Expenses ------------------------------------------------------------------------------- OTHER INCOME AND EXPENSES ------------------------------------------------------------------------------- Other Income (attach schedule) Interest Expense Other Expense (attach schedule) Net Profit (Loss) Before Reorganization Items ------------------------------------------------------------------------------- REORGANIZATION ITEMS ------------------------------------------------------------------------------- Professional Fees U.S. Trustee Quarterly Fees Interest Earned on Accumulated Cash from Chapter 11 (see continuation sheet) Gain (Loss) from Sale of Equipment Other Reorganization Expenses (attach schedule) ------------------------------------------------------------------------------- Total Reorganization Expenses Income Taxes ------------------------------------------------------------------------------- Net Profit (Loss) $ $ ------------------------------------------------------------------------------- *"Insider" is defined in 11 U.S.C. Section 101(31). FORM MOR-2 In re General DataComm International Corporation Case No. 01-11109 Debtor Reporting Period: November, 2001 STATEMENT OF OPERATIONS - continuation sheet ------------------------------------------------------------------------------- Cumulative BREAKDOWN OF "OTHER" CATEGORY Month Filing to Date ------------------------------------------------------------------------------- Other Costs Other Operational Expenses Allocated Expense Communications Freight Misc. Other Income Other Expenses Other Reorganization Expenses ------------------------------------------------------------------------------- Reorganization Items - Interest Earned on Accumulated Cash from Chapter 11: Interest earned on cash accumulated during the chapter 11 case, which would not have been earned but for the bankruptcy proceeding, should be reported as a reorganization item. FORM MOR-2 (CON'T) (9/99) In re General DataComm International Corporation Case No. 01-11109 Debtor Reporting Period: November, 2001 BALANCE SHEET The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must be classified separately from postpetition obligations. ------------------------------------------------------------------------------- BOOK VALUE AT END OF BOOK VALUE ON ASSETS CURRENT REPORTING MONTH PETITION DATE ------------------------------------------------------------------------------- CURRENT ASSETS ------------------------------------------------------------------------------- Unrestricted Cash and Equivalents Restricted Cash and Cash Equivalents (see continuation sheet) Accounts Receivable (Net) Notes Receivable Inventories Prepaid Expenses Professional Retainers Intercompany Receivable Other Current Assets (attach schedule) ------------------------------------------------------------------------------- TOTAL CURRENT ASSETS $ $ ------------------------------------------------------------------------------- PROPERTY AND EQUIPMENT ------------------------------------------------------------------------------- Real Property and Improvements Machinery and Equipment Furniture, Fixtures and Office Equipment Leasehold Improvements Vehicles Less Accumulated Depreciation ------------------------------------------------------------------------------- TOTAL PROPERTY & EQUIPMENT $ $ ------------------------------------------------------------------------------- OTHER ASSETS ------------------------------------------------------------------------------- Loans to Insiders* Other Assets (attach schedule) ------------------------------------------------------------------------------- TOTAL OTHER ASSETS $ $ ------------------------------------------------------------------------------- TOTAL ASSETS $ $ ------------------------------------------------------------------------------- BOOK VALUE AT END OF BOOK VALUE ON LIABILITIES AND OWNER EQUITY CURRENT REPORTING MONTH PETITION DATE ------------------------------------------------------------------------------- LIABILITIES NOT SUBJECT TO COMPROMISE (Postpetition) ------------------------------------------------------------------------------- Accounts Payable Taxes Payable (refer to FORM MOR-4) Wages Payable Notes Payable Rent/Leases - Building/Equipment Secured Debt/Adequate Protection Payments Professional Fees Amounts Due to Insiders* Other Postpetition Liabilities (attach schedule) ------------------------------------------------------------------------------- TOTAL POSTPETITION LIABILITIES $ $ ------------------------------------------------------------------------------- LIABILITIES SUBJECT TO COMPROMISE (Pre-Petition) ------------------------------------------------------------------------------- Secured Debt Priority Debt Unsecured Debt ------------------------------------------------------------------------------- TOTAL PRE-PETITION LIABILITIES $ $ ------------------------------------------------------------------------------- TOTAL LIABILITIES $ $ ------------------------------------------------------------------------------- OWNER EQUITY ------------------------------------------------------------------------------- Capital Stock Additional Paid-In Capital Partners' Capital Account Owner's Equity Account Retained Earnings - Pre-Petition Retained Earnings - Postpetition Adjustments to Owner Equity (attach schedule) Postpetition Contributions (Distributions) (Draws) (attach schedule) ------------------------------------------------------------------------------- NET OWNER EQUITY $ $ ------------------------------------------------------------------------------- TOTAL LIABILITIES AND OWNERS' EQUITY $ $ ============================================================================== *"Insider" is defined in 11 U.S.C. Section 101(31). (1) See Note 1 on cover page ("Form MOR") FORM MOR-3 (9/99) In re: General DataComm International Corporation Case No. 01-11109 Debtor Reporting Period: November, 2001 BALANCE SHEET - continuation sheet -------------------------------------------------------------------------------- BOOK VALUE AT END OF BOOK VALUE ON ASSETS CURRENT REPORTING MONTH PETITION DATE -------------------------------------------------------------------------------- Other Current Assets ------------------------------------------------------------------------------ Other Assets ------------------------------------------------------------------------------- BOOK VALUE AT END OF BOOK VALUE ON LIABILITIES AND OWNER EQUITY CURRENT REPORTING MONTH PETITION DATE ------------------------------------------------------------------------------- Other Postpetition Liabilities Adjustments to Owner Equity Postpetition Contributions (Distributions) (Draws) ------------------------------------------------------------------------------- Restricted Cash: Cash that is restricted for a specific use and not available to fund operations. Typically, restricted cash is segregated into a separate account, such as an escrow account. FORM MOR-3 (CON'T) (9/99) In re General DataComm International Corporation Case No. 01-11109 Debtor Reporting Period: November, 2001 STATUS OF POSTPETITION TAXES The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the amount should be zero. Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes. Attach photocopies of any tax returns filed during the reporting period. ------------------------------------------------------------------------------- Beginning Amount Ending Tax Withheld Amount Date Check No. Tax Liability or Accrued Paid Paid or EFT Liability ------------------------------------------------------------------------------- Federal ------------------------------------------------------------------------------- Withholding FICA-Employee FICA-Employer Unemployment Income Other: ------------------------------------------------------------------------------- Total Federal Taxes ------------------------------------------------------------------------------- State and Local ------------------------------------------------------------------------------- Withholding Sales Excise Unemployment Real Property Personal Property Other: ------------------------------------------------------------------------------- Total State and Local ------------------------------------------------------------------------------- Total Taxes ------------------------------------------------------------------------------- SUMMARY OF UNPAID POSTPETITION DEBTS Attach aged listing of accounts payable. ------------------------------------------------------------------------------- Number of Days Past Due -------------------------------------------------- Current 0-30 31-60 61-90 Over 90 Total ------------------------------------------------------------------------------- Accounts Payable Wages Payable Taxes Payable Rent/Leases-Building Rent/Leases-Equipment Secured Debt/Adequate Protection Payments Professional Fees Amounts Due to Insiders* Other: Other: ------------------------------------------------------------------------------- Total Postpetition Debts ------------------------------------------------------------------------------- Explain how and when the Debtor intends to pay any past-due postpetition debts. ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- *"Insider" is defined in 11 U.S.C. Section 101(31). FORM MOR-4 (9/99) In re General DataComm International Corporation Case No. 01-11109 Debtor Reporting Period: November 2001 ACCOUNTS RECEIVABLE RECONCILIATION AND AGING ------------------------------------------------------------------------------- Accounts Receivable Reconciliation Amount -------------------------------------------------------------------------------- Total Accounts Receivable at the beginning of the reporting period + Amounts billed during the period - Amounts collected during the period -------------------------------------------------------------------------------- Total Accounts Receivable at the end of the reporting period -------------------------------------------------------------------------------- Accounts Receivable Aging Amount -------------------------------------------------------------------------------- 0 - 30 days old 31 - 60 days old 61 - 90 days old 91+ days old Total Accounts Receivable Amount considered uncollectible (Bad Debt) Accounts Receivable (Net) -------------------------------------------------------------------------------- DEBTOR QUESTIONNAIRE -------------------------------------------------------------------------------- Must be completed each month Yes No ------------------------------------------------------------------------------- 1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below. 2. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below. 3. Have all postpetition tax returns been timely filed? If no, provide an explanation below. 4. Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below. -------------------------------------------------------------------------------- FORM MOR-5 (9/99)