EX-99.1 3 a2076974zex-99_1.txt UNITED STATES TRUSTEE REPORT FOR MARCH 2002 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 March 31, 2002 -------- BEGINNING BALANCE IN ALL ACCOUNTS $ 7,665,544 -------------------- RECEIPTS: 1. Receipts from operations $ 80,830 -------------------- 2. Other Receipts $ 34,182 -------------------- 3. Miscellaneous Receipts $ - -------------------- 4. Sale Of Assets $ - -------------------- 5. Receipt Of Escrow $ 375,136 -------------------- 6. General Motors Funding $ - -------------------- DISBURSEMENTS: 3. Net payroll: a. Officers $ 17,716 -------------------- b. Others $ 2,135 -------------------- 4. Taxes a. Federal Income Taxes $ 6,864 -------------------- b. FICA withholdings $ 2,302 -------------------- c. Employee's withholdings (2) $ 236 -------------------- d. Employer's FICA $ 2,302 -------------------- e. Federal Unemployment Taxes $ 12 -------------------- f. State Unemployment Taxes $ 114 -------------------- g. State Employee withholdings $ 843 -------------------- h. All other taxes $ - -------------------- 5. Necessary expenses: a. Rent or mortgage payments (s) $ 1,000 -------------------- b. Utilities $ - -------------------- c. Insurance $ 2,099 -------------------- d. Merchandise bought for manufacture or sale $ - -------------------- e. Other necessary expenses Foothill Secured Loan $ - -------------------- Asset Sale Related Expenses $ - -------------------- Union Closure Agreement $ - -------------------- Professional/Trustee Fees $ 93,569 -------------------- All Other Disbursements $ 30,909 -------------------- TOTAL DISBURSEMENTS $ 160,101 -------------------- NET RECEIPTS (DISBURSEMENTS) FOR THE CURRENT PERIOD $ 330,047 -------------------- ENDING BALANCE IN LASALLE BANK N.A., ALLIED PRODUCTS D.I.P. CASE #00B28798 $ 7,997,693 -------------------- 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 $ (2,102) -------------------- ACCOUNTS PAYABLE DISBURSEMENTS: 5800272600 ENDING BALANCE IN LASALLE BANK N.A., VERSON CORPORATION PAYROLL ACCOUNT: 5800026501 $ - -------------------- ENDING BALANCE IN ALL ACCOUNTS $ 7,995,591 --------------------
(1) All information reflects cash activity per Company accounting records (2) Includes wage garnishments 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 March 31, 2002 -------- SUMMARY OF COMPANY RECEIPTS FOR THE PERIOD OF MARCH 1, 2002 THROUGH MARCH 31, 2002 (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 375,136 None Note Receivable 80,830 Additional Receipts - Various Employee Related/COBRA Receipts-Foothill - Various Operational Receipts - Various Sales Of Assets - Various Other Receipts 34,182 Various GM Funding - ---------------- TOTAL RECEIPTS $ 490,148 ----------------
(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 March 31, 2002 -------- 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 375,136 None Note Receivable 80,830 Various Additional Receipts - Various Employee Related/COBRA Receipts-Foothill - Various Operational Receipts - Various Sales Of Assets - Various Other Receipts 34,182 Various GM Funding - ---------------- TOTAL RECEIPTS $ 490,148 ----------------
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 (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 March 31, 2002 -------- 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 March 31, 2002 -------- 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 March 31, 2002 -------- 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 March 31, 2002 -------- SUMMARY OF COMPANY DISBURSEMENTS FOR THE PERIOD OF MARCH 1, 2002 THROUGH MARCH 31, 2002
DATE DISBURSED CHECK/WIRE NO. DESCRIPTION AMOUNT --------------- -------------- ------------ ------ Various Various Salaries, Benefits & Insurance $ 34,623 None None Stay Bonus - None None Utilities - Various Various Rents & Leases 1,000 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 93,569 None None Foothill Principal Payments - None None Letter of Credit Fees - None None Federal and State Income Taxes - None None Foothill Interest & Fees - Various Various All Other 30,909 ------------------- TOTAL DISBURSEMENTS $ 160,101 -------------------
(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 March 31, 2002 -------- 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 $ 34,623 None None Stay Bonus - None None Utilities - Various Various Rents & Leases 1,000 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 93,569 None None Foothill Principal Payments - None None Letter of Credit Fees - None None Federal and State Income Taxes - None None Foothill Interest & Fees - Various Various All Other 17,309 ------------------- TOTAL DISBURSEMENTS $ 146,501 -------------------
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 March 31, 2002 -------- 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 - Various Various All Other 4,541 ------------------- TOTAL DISBURSEMENTS $ 4,541 -------------------
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 March 31, 2002 -------- 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 March 31, 2002 -------- 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 - Various Various All Other 9,059 ------------------- TOTAL DISBURSEMENTS $ 9,059 -------------------
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 March 31, 2002 -------- 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 $ 32,523 -------------------- Payroll taxes due but unpaid $ - --------------------
STATUS OF PAYMENTS TO SECURED CREDITORS AND LESSORS ---------------------------------------------------
Amount of Number of Number 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 March 31, 2002 -------- STATEMENT OF AGED RECEIVABLES (PRE-PETITION AND POST-PETITION) -------------------------------------------------------------- ACCOUNTS RECEIVABLE: Beginning month balance $ 13,316,963 ------------------------------ Add: sales on account (2) $ - ------------------------------ Less: collections/adjustments $ (80,830) ------------------------------ End of month balance $ 13,236,133 ------------------------------
0-30 Days 31-60 Days 61-90 Days Over 90 Days (1) End of Month ----------------- ---------------- ---------------- ------------------- ---------------- $ - $ - $ - $ 13,236,133 $ 13,236,133 ----------------- ---------------- ---------------- ------------------- ----------------
STATEMENT OF ACCOUNTS PAYABLE (POST-PETITION) --------------------------------------------- Beginning of month balance $ - ------------------------------ Add: credit extended $ 108,079 ------------------------------ Less: payments of account $ (108,079) ------------------------------ 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 March 31, 2002 -------- 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 22-Feb-02 to 8-Mar-02 ------------- ------------- Payroll Date 8-Mar-02 Taxes Reported on ------------- form 941, Employer's Quarterly Federal Tax Gross wages paid to employees $ 15,091 Return ----------------------------- Income tax withheld $ 3,444 ----------------------------- SOCIAL SECURITY Employer's Soc. Sec. $ 936 ----------------------------- Employee's Soc. Sec 936 ----------------------------- Employer's Medicare 219 ----------------------------- Employee's Medicare 219 ----------------------------- SOC. SEC & MEDICARE TOTAL $ 2,309 ----------------------------- Tax Deposited $ 5,753 ----------------------------- Date Deposited Wired To ADP 03/08/02 ------------------------------ -------------------------------------------------------------------------------------------------------------------------------- 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 ----------------------------- Unemployment Tax Tax Deposited $ - 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 03/08/02 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 03.08 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 9-Mar-02 to 22-Mar-02 -------------- ------------- Payroll Date 22-Mar-02 Taxes Reported on -------------- form 941, Employer's Quarterly Federal Tax Gross wages paid to employees $ 15,004 Return ---------------------------- Income tax withheld $ 3,420 ---------------------------- SOCIAL SECURITY Employer's Soc. Sec. $ 930 ---------------------------- Employee's Soc. Sec 930 ---------------------------- Employer's Medicare 218 ---------------------------- Employee's Medicare 218 ---------------------------- SOC. SEC & MEDICARE TOTAL $ 2,296 ---------------------------- Tax Deposited $ 5,716 ---------------------------- Date Deposited Wired To ADP 03/22/02 ------------------------------ -------------------------------------------------------------------------------------------------------------------------------- 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 ---------------------------- Unemployment Tax Tax Deposited $ -- 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 03/22/02 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 03.22 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