EX-99.1 3 dex991.txt REPORTING QUESTIONNAIRE 10/28/01-12/01/2001 Exhibit 99.1 UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF MASSACHUSETTS IN RE: Aerovox, Inc. CASE NO.: 01-14680jnf JUDGE: Joan N. Feeney DEBTOR CHAPTER 11 MONTHLY OPERATING REPORT FOR MONTH ENDING December 01, 2001 COMES NOW, AEROVOX, INC. Debtor-In-Possession and hereby submits its Monthly Operating Report for the period commencing October 28, 2001 and ending December 01, 2001 as shown by the report and exhibits consisting of 12 pages and containing the following, as indicated: Pages ----- 1 - 5 Monthly Reporting Questionnaire (Attachment 1) 6 - 7 Comparative Balance Sheets (Forms OPR-1 & OPR-2) 8 Summary of Accounts Receivable (Form OPR-3) 9-10 Schedule of Post-petition Liabilities (Form OPR-4) 11 Income Statement (Form OPR-5) 12 Statement of Sources and Uses of Cash (Form OPR-6) I declare under penalty of perjury that this report and all attachments are true and correct to the best of my knowledge and belief. Date: December 19, 2001 ----------------- DEBTOR(S)-IN-POSSESSION By: _____________________________ (Signature) ________________________________ (Signature) Name & Title: F. Randal Hunt -------------- CFO & Sr. Vice President ------------------------- Address: 167 John Vertente Blvd. ------------------------- New Bedford, MA 02745 ------------------------- Telephone: (508) 910-3200 ------------------------- ATTACHMENT 1 Page 1 CHAPTER 11 MONTHLY OPERATING REPORT MONTHLY REPORTING QUESTIONNAIRE CASE NAME: Aerovox, Inc. CASE NUMBER: 01-14680jnf MONTH OF: November, 2001 1. Payroll: State the amount of all executive wages paid and taxes withheld -------- and paid.
Name and Title of Executive Wages Paid Taxes Withheld Gross Net Due Paid ----- --- --- ---- Robert D. Elliott CEO & President 38,462 23,740 0 14,357 F. Randal Hunt CFO & Sr. Vice President 14,904 9,825 0 3,968 Martin Hudis Sr. VP Technology 19,231 13,501 0 5,248 TOTALS 72,596 47,066 0 23,573
* Fiscal November is a 5-week period. ATTACHMENT 1 Page 2 CHAPTER 11 MONTHLY OPERATING REPORT MONTHLY REPORTING QUESTIONNAIRE CASE NAME: Aerovox, Inc. CASE NUMBER: 01-14680jnf MONTH OF: November, 2001 2. Insurance: Is workers' compensation and other insurance in effect? Yes ---------- Are payments current? Yes If any policy has lapsed, been replaced or renewed, state so in schedule below. Attach a copy of the new policy's binder or cover page.
Type Carrier Name Coverage Expiration Date Amount Policy # Date Premium Coverage ------ ------- ---- ---------------- Homeowners NONE Rental Property NONE Liability See Attached Vehicle Workers Compensation See Attached
ATTACHMENT 1 Page 3 CHAPTER 11 MONTHLY OPERATING REPORT MONTHLY REPORTING QUESTIONNAIRE CASE NAME: Aerovox, Inc. CASE NUMBER: 01-14680jnf MONTH OF: November, 2001
3. Bank Accounts ------------- Payroll Operating Operating Operating Debit Card Bank Name Citizens Citizens Fleet Fleet Citizens Account # 110315-944-2 1103-159-450 9429117763 50010879 1103159469 Beginning Book Balance 3773.43 1283226.64 144250.44 0 7882.91 Plus: Deposits 623978.08 4688002.79 4430104.21 0 0 Less: Disbursements -623614.59 -4379462.08 0 -1573.50 Other: Transfers In/Out 0 -506580.87 -4200096.10 0 -38.50 ------------ ------------ ----------- -------- ---------- Ending Book Balance 4136.92 1085186.48 374258.55 0 6270.91
3. Bank Accounts-continued ----------------------- Savings Checking Payroll TOTALS Bank Name Citizens Keybank Fleet Account # 1103159507 19968100261 005119-1739 Beginning Book Balance 2500000.00 0 0 3,939,133.42 Plus: Deposits 0 9,742,085.08 Less: Disbursements 0 0 -5,004,650.17 Other: Transfers In/Out 506580.87 0 0 -4,200,134.60 ---------- ----------- ----------- ------------- Ending Book Balance 3006580.87 0 0 4,476,433.73
ATTACHMENT 1 Page 4 CHAPTER 11 MONTHLY OPERATING REPORT MONTHLY REPORTING QUESTIONNAIRE CASE NAME: Aerovox, Inc. CASE NUMBER: 01-14680jnf MONTH OF: November, 2001 4. Post-petition Payments: List any post-petition payments to ---------------------- professionals and payments on post-petition debts in the schedule below (attach separate sheet if necessary).
Payments To/On Amount Date Check # Professionals (attorneys, accountants, etc.) Argus Management 2166.72 10/31/01 Wire Transfer Argus Management 3202.72 11/07/01 Wire Transfer Argus Management 3454.24 11/15/01 Wire Transfer Argus Management 3374.05 11/21/01 Wire Transfer Argus Management 3555.16 11/28/01 Wire Transfer Loeb Partners 25000.00 11/16/01 #3243 Pre-petition debts: None
ATTACHMENT 1 Page 5 CHAPTER 11 MONTHLY OPERATING REPORT MONTHLY REPORTING QUESTIONNAIRE CASE NAME: Aerovox, Inc. CASE NUMBER: 01-14680jnf MONTH OF: November, 2001
Type Carrier Name Coverage Expiration Amount Policy # Premium Coverage ------- -------- ---------------- Liability Royal & Sun Alliance 44,010,000 #PLA 3793390004 12/31/00-12/31/01 Flood Ins National Flood Ins. Program 1,000,000 #3000 240294 03/07/01-03/07/02 Property American & Foreign Ins. Co. 15,115,000 #A IB 009515 000Y 12/31/00-12/31/01 Property Affiliated FM Ins Co 89,112,103 #AL 100 12/31/00-12/31/01 Auto Royal & Sun Alliance 3,038,000 #AMHX 18469 12/31/00-12/31/01 Liability American & Foreign Ins. Co 7,110,000 #A ST-112753 0004 12/31/00-12/31/01 D&O Chubb Group 7,500,000 #81303380 07/19/01-12/31/01 Workers Comp Fidelity & Deposit (Fid. Bond) 2,800,000 #LPM 833508503 Bond still in place for prev. open claims Workers Comp Aim Mutual Ins. Co. 1,500,000 #WCC5000449-01-2001 11/01/01-12/31/02 Workers Comp Security Ins Co of Hartford (AL & TX) 1,500,000 #NNE10058500 10/01/01-10/01/02