-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PyT1DJx+E5KHe8myM/wVlcOyMn18YzHiuKJi7Ws4XwuN+D80BDnHqBGYNhnU9ocx lTNm9Vg59ib8/z+fpTw7Mg== 0000892569-97-001723.txt : 19970701 0000892569-97-001723.hdr.sgml : 19970701 ACCESSION NUMBER: 0000892569-97-001723 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970613 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970630 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: FRUEHAUF TRAILER CORP CENTRAL INDEX KEY: 0000874268 STANDARD INDUSTRIAL CLASSIFICATION: TRUCK TRAILERS [3715] IRS NUMBER: 382863240 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10772 FILM NUMBER: 97632192 BUSINESS ADDRESS: STREET 1: 1111 BAYSIDE DRIVE STREET 2: SUITE 160 CITY: CORONA DEL MAR STATE: CA ZIP: 92625 BUSINESS PHONE: (714)644-9665 MAIL ADDRESS: STREET 1: 111 MONUMENT CIRCLE STREET 2: SUITE 3200 CITY: INDIANAPOLIS STATE: IN ZIP: 46244-0913 8-K 1 FORM 8-K DATED JUNE 13, 1997 1 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): June 13, 1997 ------------- Fruehauf Trailer Corporation -------------------------------------- (Exact name of registrant as specified in its charter) Delaware 1-10772 38-2863240 - --------------- ------------ ------------------- (State or other (Commission (I.R.S. Employer jurisdiction of File Number) Identification No.) incorporation) 1111 Bayside Dr., Suite 160, Corona Del Mar, CA 92625 ----------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (714) 644-9665 -------------- Exhibit Index Appears on Page 4 2 Item 5. Other Events. Fruehauf Trailer Corporation, a Delaware corporation (the "Corporation"), and certain of its subsidiaries filed a voluntary petition with the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") under Chapter 11 of the United States Bankruptcy Code (the "Code"), Case Number 96-1563 (PJW), on October 7, 1996. The Corporation is required to file Monthly Operating Reports with the Bankruptcy Court and the United States Trustee for the district of Delaware pursuant to Bankruptcy Rule 2015 and the United States Trustee's Operating Guidelines and Reporting Requirements for Chapter 11 cases. In connection therewith, and as previously disclosed by the Corporation in its press release dated March 31, 1997 (filed under Form 8-K on April 14, 1997), attached hereto as exhibit 99 is the Monthly Operating Report of the Corporation for the month ending April 1997, filed with the Bankruptcy Court on June 13, 1997. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. ----------------------------------------- (c) Exhibits. 99.1 Monthly Operating Report of the Corporation for the month of April 1997. 3 SIGNATURE --------- 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. FRUEHAUF TRAILER CORPORATION Date: June 27, 1997 By: /s/ James Wong ------------------------- James Wong Chief Financial Officer (Duly Authorized Officer) 4 EXHIBIT INDEX ------------- Pagination by Sequential Numbering Exhibit Description of Exhibit System - ------- ---------------------- -------------- 99.1 Monthly Operating Report 5 of the Corporation for April 1997 EX-99.1 2 MONTHLY OPERATING REPORT FOR APRIL 1997 1 EXHIBIT 99.1 OFFICE OF THE U.S. TRUSTEE -- REGION 3 MONTHLY REPORTING REQUIREMENTS FOR THE MONTH OF APRIL 1997 DEBTOR NAME: FRUEHAUF TRAILER CORPORATION CASE NUMBER: 96-1563 (PJW) This monthly report is unaudited and prepared by the management of Debtors. While the management of the Debtors has made every effort to make the report accurate and complete based on the information that was available as of the preparation of the report, receipt of additional information after filing the report may result in material changes to the financial and operational data contained in the report. With respect to the financial statements in particular, it should be noted that the Debtor has not completed as of the date of preparation of the report a detailed inventory valuation in accordance with the last-in, first out ("LIFO") method of accounting, which is the Debtor's method of accounting for inventories. As such, the accompanying financial statements do not include any adjustment that would result from the completion of the LIFO computation. 2 OFFICE OF THE U.S. TRUSTEE - REGION 3 MONTHLY REPORTING REQUIREMENTS For the month of April 1997 Debtor Name: Fruehauf Trailer Corporation Case Number: 96-1563 (PJW) - --------------------------------------------------------------------------------
Explanation Document Previously Explanation Required Documents Attached Submitted Attached ------------------ -------- --------- -------- Condensed Statement of Operations X Condensed Balance Sheet X Statement of Cash Receipts and Disbursements X Statement of Aged Receivables X Statement of Aged Payables X Statement of Operations, Taxes, Insurance and X Personnel Tax Receipts X Other Documentation as required by the Trustee X
The undersigned individual certifies under penalty of perjury (28 U.S.C. section 1746) that to the best of the individual's knowledge, the documents appended are true and correct. By: /s/ James Wong Date: 6-11-97 --------------------------------- -------------------------- James Wong Chief Financial Officer 3 OFFICE OF THE U.S. TRUSTEE - REGION 3 CONDENSED STATEMENT OF OPERATIONS For the month of April 1997 Debtor Name: Fruehauf Trailer Corporation Case Number: 96-1563 (PJW) - -------------------------------------------------------------------------------- On April 16, 1997, Fruehauf Trailer Corporation completed the sale of all of its domestic operations. In conjunction with this sale, the number of the debtors employees was reduced from 1,185 to 5. None of these five were employed prior to the sale. The historical records, including accounting records, were among the assets sold and accordingly, are no longer in the possession of the debtor. Therefore, without such historical records and institutional memory, it is not possible to prepare accurate or meaningful financial statements and consequently the monthly operating report as required by the code. As of June 1, 1997, the accounting records and management of the remaining assets were transferred from Indianapolis to California. Fruehauf anticipates to begin accurate and meaningful financial statements commencing with the June 1997 financial statement. 4 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF OPERATIONS, TAXES, INSURANCE AND PERSONNEL For the month of April 1997 Debtor Name: Fruehauf Trailer Corporation Case Number: 96-1563 (PJW) - -------------------------------------------------------------------------------- STATUS OF POSTPETITION TAXES See Tax Receipts. PAYMENTS TO INSIDERS
PAYEE NAME POSITION NATURE OF PAYMENT AMOUNT ---------- -------- ----------------- ------ Chriss Street Chairman and CEO Travel and Other Expenses 13,269 Derek L. Nagle President Wages (A) 19,231 Geraldine Tigner V-P Human Resources Wages (A) 25,346 Gregory Fehr V-P Controller Wages (A) 10,577 Kenneth Minor V-P Treasurer Wages (A) 16,077 Worth Frederick Director Wages 6,804 James Wong CFO, Treasurer Wages (A) 6,942 James Wong CFO, Treasurer Travel and Other Expenses 11,179 Courtney Watson Corporate Secretary Wages (A) 3,288 Courtney Watson Corporate Secretary Travel and Other Expenses 2,076
(A) Represents cash paid during the month of April for payroll and payroll related expenses. 5 (A) Jones, Day, Reavis & Pogue received a retainer in the amount of $150,000. The retainer payment made in October 1996 is not considered in the determination of the balance due. (B) Morris, Nichols, Arsht & Tunnel received a retainer in the amount of $25,000. The retainer payment made in October 1996 is not considered in the determination of the balance due. (C) Price Waterhouse LLP received a retainer in the amount of $75,000. The retainer payment made in October 1996 is not considered in the determination of the balance due. (D) O'Melveny & Meyers LLP and Richards, Layton & Finger did not submit a formal retention application. Rather, the requirement to pay their fees is set forth in the terms of the debtor-in-possession lending facility with Madeleine LLC. (E) Policano & Manzo LLP did not submit a formal retention application. Rather, the requirement to pay their fees is set forth in the terms of the debtor-in-possession lending facility with Madeleine LLC. (F) The formal order regarding the retention of Saul, Ewing, Remick & Saul and Ernst & Young LLP by the Official Creditors' Committee had not been entered in the court docket as of the date of this submission. The date of the court approval will be included once the order is entered in the court docket. (G) The Alvarez & Marsal, Inc. engagement letter required a retainer in the amount of $125,000. The retainer payment made in October 1996 is not considered in the determination of the balance due. ADEQUATE PROTECTION PAYMENTS There was no payment made during April. The policy was canceled and a new policy issued with a payment due in May. INSURANCE There was no change in insurance during the reporting period. PERSONNEL Fruehauf Trailer Corporation's number of employees at April 30, 1997, totaled 5 as compared to 1,185 at March 31, 1997. 6 OFFICE OF THE U.S. TRUSTEE - REGION 3 TAX RECEIPTS For the month of April 1997 Debtor Name: Fruehauf Trailer Corporation Case Number: 96-1563 (PJW) - -------------------------------------------------------------------------------- FEDERAL, STATE AND LOCAL INCOME TAXES The Company believes that it experienced a net operating loss for the year ended December 31, 1996. As such, the Debtor believes that no estimated federal, state or local income tax payments for 1996 are due. FEDERAL EXCISE TAXES As a retailer of new trailers, the Debtor is obligated to remit federal excise taxes to the U.S. government. In lieu of tax receipts, the undersigned hereby represents that to the best of my knowledge, Fruehauf Trailer Corporation is current on all postpetition federal excise taxes. /s/ James Wong - --------------------------------- James Wong Chief Financial Officer STATE AND LOCAL SALES TAXES As a retailer of new trailers, the Debtor is obligated to remit sales taxes to the various state and local taxing authorities. In lieu of tax, receipts, the undersigned hereby represents that to the best of my knowledge, Fruehauf Trailer Corporation is current on all postpetition state and local sales taxes. /s/ James Wong - --------------------------------- James Wong Chief Financial Officer 7 PAYROLL WITHHOLDING AND OTHER TAXES Fruehauf Trailer Corporation utilizes the services of Automated Data Processing, Inc. ("ADP") for payroll processing, including payroll tax services. Each payroll, the Debtor is required to deposit all federal, state and local payroll withholding taxes with ADP on the date of the payroll irrespective of the actual due date for the taxes. ADP has informed the Debtor that they are not able to provide tax receipts to the Debtor. In lieu of tax receipts, the undersigned represents that to the best of my knowledge, including knowledge as to the usual practices of ADP with respect to remittance of payroll withholding taxes, Fruehauf Trailer Corporation is current on all postpetition federal, state and local withholding and other taxes. /s/ James Wong - --------------------------------- James Wong Chief Financial Officer REAL AND PERSONAL PROPERTY TAXES The Debtor has conducted an exhaustive evaluation of real and personal property taxes as to the propriety of taxes being prepetition or postpetition and preparing a calendar for payment of what is determined to postpetition taxes. While the undersigned is currently not aware of any postpetition real and personal property taxes past due, the undersigned is not aware of delinquent postpetition real and personal property taxes, /s/ James Wong - --------------------------------- James Wong Chief Financial Officer 8 U.S. TRUSTEE - REGION 3 OTHER DOCUMENTATION AS REQUIRED BY THE TRUSTEE For the month of April 1997 Debtor Name: Fruehauf Trailer Corporation Case Number: 96-1563 (PJW) - --------------------------------------------------------------------------------
QUESTIONNAIRE YES NO - ------------- --- -- 1. Have any assets been sold or transferred outside the normal course of X(1) business this reporting period? 2. Have any funds been disbursed from any account other than a debtor in X(2) possession account? 3. Are any postpetition receivables (accounts, notes or loans) due from X(3) related parties? 4. Have any payments been made on prepetition liabilities this reporting X(4) period? 5. Have any postpetition loans been received by the debtor from any party? X(5) 6. Are any postpetition payroll taxes due? X(6) 7. Are any postpetition state or federal income taxes past due? X(6) 8. Are any postpetition real estate taxes due? X(6) 9. Are any other postpetition taxes due? X(6) 10. Are any amounts owed to postpetition creditors past due? X 11. Have any prepetition taxes been paid during the reporting period? X 12. Are any wage payments past due? X
9 (1) Fruehauf Trailer Corporation completed the sale of all of its domestic operations on July 16, 1997. (2) Pursuant to the Motion and Order of Debtors and Debtors in Possession for an Order (A) Approving Centralized Cash Management System, Use of Existing Bank Accounts and Business Forms and (B) According Priority Status To All Postpetition Intercompany Claims, the Debtors were authorized to continue to maintain the Prepetition Bank Accounts, as they may be modified pursuant to the terms of the DIP Agreement. (3) Retiree health care benefits are paid centrally at the Fruehauf Trailer Corporation home office level. Such retiree health care benefits include retiree health care benefits relating to Jacksonville Shipyards, Inc. and Maryland Shipbuilding & Drydock Company. Fruehauf Trailer Corporation accounts for the payment of retiree health care benefits on behalf of Jacksonville Shipyards, Inc. and Maryland Shipbuilding & Drydock Company as intercompany advances. (4) Pursuant to the Motion and Order of Debtors and Debtors in Possession for an Order Authorizing Them to (A) Pay Prepetition Employee Wages, Salaries and Related Item; (B) Reimbursable Prepetition Business Expenses; (C) Make Payments For Which Payroll Deductions Were Made; (D) Make Prepetition Contributions and Pay Benefits Under Employee Benefit Plans; and (E) Pay All Costs and Expenses Incident to the Foregoing Payments and Contributions and pursuant to the Motion and Order of Debtors and Debtors in Possession Authorizing Them to Honor Certain Prepetition Obligations to Customers, the Debtor has paid certain prepetition employee compensation liabilities and the Debtor has continued to honor, at its sole discretion, prepetition obligations to customers, including the provision of warranty service. (5) The Debtor, together with its affiliated debtors, entered into a debtor-in-possession lending facility with Madeleine, LLC, and affiliate of Cerberus Partners LP. In connection with the sale of the operating assets this DIP lending facility was repaid and a new facility was established with the Bank of America as of April 16, 1997. (6) See detailed discussion of tax status under Tax Receipts. 10 OFFICE OF THE U.S. TRUSTEE - REGION 3 MONTHLY REPORTING REQUIREMENTS For the month of April 1997 Debtor Name: Maryland Shipbuilding & Drydock Company Case Number: 96-1564 (PJW) - --------------------------------------------------------------------------------
Explanation Document Previously Explanation Required Documents Attached Submitted Attached ------------------ -------- --------- -------- Condensed Statement of Operations X Condensed Balance Sheet X Statement of Cash Receipts and Disbursements X Statement of Aged Receivables X Statement of Aged Payables X Statement of Operations, Taxes, Insurance and X Personnel Tax Receipts X Other Documentation as required by the Trustee X
The undersigned individual certifies under penalty of perjury (28 U.S.C. section 1746) that to the best of the individual's knowledge, the documents appended are true and correct. By: /s/ James Wong Date: 6-11-97 --------------------------------- -------------------------- James Wong Chief Financial Officer 11 OFFICE OF THE U.S. TRUSTEE - REGION 3 CONDENSED STATEMENT OF OPERATIONS For the month of April 1997 Debtor Name: Maryland Shipbuilding & Drydock Company Case Number: 96-1564 (PJW) - -------------------------------------------------------------------------------- See Statement of Operations for reporting period attached. 12 MARYLAND SHIPBUILDING & DRYDOCK COMPANY CONDENSED STATEMENT OF OPERATIONS (in thousands) (Unaudited)
Month Month Month Ended Ended Ended 4/30/97 3/31/97 2/28/97 ----------- ----------- ----------- Sales $0 $0 $0 Cost of Goods Sold 0 0 0 ----------- ----------- ----------- Gross Margin 0 0 0 Engineering, selling and administrative expenses 0 0 0 ----------- ----------- ----------- Income (loss) from operations 0 0 0 Interest Expense 0 0 0 Other (42) (42) (42) ----------- ----------- ----------- Income (loss) before reorganization items (42) (42) (42) Reorganization Items: Professional and Other Fees of Bankruptcy 0 0 0 Gain (loss) on disposition of assets 0 0 0 ----------- ----------- ----------- Total reorganization items 0 0 0 Income (loss) before income taxes (42) (42) (42) Provision for income taxes 0 0 0 ----------- ----------- ----------- Net Income (loss) before Extraordinary Item ($42) ($42) ($42) =========== =========== ===========
13 OFFICE OF THE U.S. TRUSTEE - REGION 3 CONDENSED BALANCE SHEET For the month of April 1997 Debtor Name: Maryland Shipbuilding & Drydock Company Case Number: 96-1564 (PJW) - -------------------------------------------------------------------------------- To the best of management's knowledge at the time of the preparation of this report, there has been no material changes in the financial activity to Jacksonville Shipyards, Inc. Due to the lack of accounting data and any information to the contrary, the attached balance sheet reflects similar balances to that of the pervious month. 14 MARYLAND SHIPBUILDING & DRYDOCK COMPANY CONDENSED STATEMENT OF OPERATIONS (in thousands) (Unaudited)
ASSETS 4/30/97 3/31/97 2/28/97 - ------------------------------------------ --------- --------- --------- Current Assets Cash $10 $10 $10 Intercompany Accounts Receivable 22,277 22,319 22,362 Other Current Assets - - - --------- --------- --------- Total Current Assets 22,287 22,329 22,372 Other Assets 262 262 261 --------- --------- --------- Total Assets $22,549 $22,591 $22,633 ========= ========= ========= LIABILITIES & STOCKHOLDERS' DEFICIT - ------------------------------------------ Not Subject to Compromise: Postpetition Intercompany Advance $438 $438 $438 Other liabilities 0 0 0 --------- --------- --------- Total Not Subject to Compromise 438 438 438 Subject to Compromise: Other liabilities 13,545 13,545 13,544 --------- --------- --------- Total Subject to Compromise 13,545 13,545 13,544 Stockholders' Deficit 8,566 8,608 8,651 --------- --------- --------- Total Liabilities and Stockholders' Equity $22,549 $22,591 $22,633 ========= ========= =========
15 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS For the month of April 1997 Debtor Name: Maryland Shipbuilding & Drydock Company Case Number: 96-1564 (PJW) - -------------------------------------------------------------------------------- CASH RECEIPTS None. CASH DISBURSEMENTS None. 16 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF AGED RECEIVABLES For the month of April 1997 Debtor Name: Maryland Shipbuilding & Drydock Company Case Number: 96-1564 (PJW) - -------------------------------------------------------------------------------- None. 17 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF AGED PAYABLES For the month of April 1997 Debtor Name: Maryland Shipbuilding & Drydock Company Case Number: 96-1564 (PJW) - -------------------------------------------------------------------------------- None. 18 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF OPERATIONS, TAXES, INSURANCE AND PERSONNEL For the month of April 1997 Debtor Name: Maryland Shipbuilding & Drydock Company Case Number: 96-1564 (PJW) - -------------------------------------------------------------------------------- STATUS OF POSTPETITION TAXES See Tax Receipts. PAYMENTS TO INSIDERS None. PAYMENTS TO PROFESSIONALS None. ADEQUATE PROTECTION PAYMENTS None. INSURANCE Not Applicable. PERSONNEL Maryland Shipbuilding & Drydock Company had no employees at the beginning and end of the reporting period. 19 OFFICE OF THE U.S. TRUSTEE - REGION 3 TAX RECEIPTS For the month of April 1997 Debtor Name: Maryland Shipbuilding & Drydock Company Case Number: 96-1564 (PJW) - -------------------------------------------------------------------------------- Not applicable. 20 OFFICE OF THE U.S. TRUSTEE - REGION 3 OTHER DOCUMENTATION AS REQUIRED BY THE TRUSTEE For the month of April 1997 Debtor Name: Maryland Shipbuilding & Drydock Company Case Number: 96-1564 (PJW) - ------------------------------------------------------------------------------
QUESTIONAIRE YES NO - ------------ --- -- 1. Have any assets been sold or transferred outside the normal course of X business this reporting period? 2. Have any funds been disbursed from any account other than a debtor in X possession account? 3. Are any postpetition receivables (accounts, notes or loans) due from X(1) related parties? 4. Have any payments been made on prepetition liabilities this reporting X period? 5. Have any postpetition loans been received by the debtor from any party? X 6. Are any postpetition payroll taxes due? X 7. Are any postpetition state or federal income taxes past due? X 8. Are any postpetition real estate taxes due? X 9. Are any other postpetition taxes due? X 10. Are any amounts owed to postpetition creditors past due? X 11. Have any prepetition taxes been paid during the reporting period? X 12. Are any wage payments past due? X
21 (1) Pursuant to the Motion and Order of Debtors and Debtors in Possession for an Order (A) Approving Centralized Cash Management System, Use of Existing Bank Accounts and Business Forms and (B) According Priority Status To All Postpetition Intercompany Claims, the Debtors were authorized to continue to maintain the Prepetition Bank Accounts, as they may be modified pursuant to the terms of the DIP Agreement. 22 OFFICE OF THE U.S. TRUSTEE - REGION 3 MONTHLY REPORTING REQUIREMENTS For the month of April 1997 Debtor Name: Jacksonville Shipyards, Inc. Case Number: 96-1565 (PJW) - --------------------------------------------------------------------------------
Explanation Document Previously Explanation Required Documents Attached Submitted Attached ------------------ -------- --------- -------- Condensed Statement of Operations X Condensed Balance Sheet X Statement of Cash Receipts and Disbursements X Statement of Aged Receivables X Statement of Aged Payables X Statement of Operations, Taxes, Insurance and X Personnel Tax Receipts X Other Documentation as required by the Trustee X
The undersigned individual certifies under penalty of perjury (28 U.S.C. section 1746) that to the best of the individual's knowledge, the documents appended are true and correct. By: /s/ James Wong Date: 6-11-97 --------------------------------- -------------------------- James Wong Chief Financial Officer 23 OFFICE OF THE U.S. TRUSTEE - REGION 3 CONDENSED STATEMENT OF OPERATIONS For the month of April 1997 Debtor name: Jacksonville Shipyards, Inc. Case Number: 96-1565(PJW) - -------------------------------------------------------------------------------- See Statement of Operations for reporting period attached. 24 PAYMENTS TO PROFESSIONALS
DATE OF COURT INVOICES INVOICES BALANCE NAME AND RELATIONSIHP APPROVAL RECEIVED PAID DUE - --------------------- -------- -------- -------- ------- DEBTOR'S COUNSEL Jones, Day, Reavis & Pogue 380,926 312,796 380,926 Morris, Nichols, Arsht & Tunnel 35,271 0 35,270 Carson & Fisher 0 3,233 26,894 DEBTOR'S ACCOUNTANTS Price Waterhouse LLP 94,664 0 94,664 MADELEINE LLC COUNCIL O'Melveny & Meyers LLP 60,000 0 60,000 Richards, Layton & Finger 0 0 0 MADELEINE LLC ADVISOR Policano & Manzo LLC 0 0 0 CREDITORS' COMMITTEE COUNSEL Stroock, Stroock & Lavan 27,411 0 27,411 Saul, Ewing, Remick & Saul 5,702 0 5,702 CREDITORS' COMMITTEE ADVISORS Ernst & Young LLP 5,702 0 5,678 BONDHOLDERS' COMMITTEE COUNSEL Haynes & Boone 121,110 0 121,110 Young, Conaway, Stargatt & Taylor INDENTURE TRUSTEE & COUNSEL IBJ Schroder Bank & Trust/ Hughes, Hubbard & Reed 0 22,189 OTHER Alvarez and Marsal, Inc. 0 0 0 Logan & Company, Inc. 0 0 0 ATC Group Services 6,298 0 6,298 Walsh & Monzack 2,986 0 2,986
25 JACKSONVILLE SHIPYARDS, INC. CONDENSED STATEMENT OF OPERATIONS (In thousands) (Unaudited)
Month Month Month Ended Ended Ended 4/30/97 3/31/97 2/28/97 ----------- ----------- ----------- Sales $0 $0 $0 Cost of Goods Sold 0 0 0 ----------- ----------- ----------- Gross Margin 0 0 0 Engineering, selling and administrative expenses 0 0 0 ----------- ----------- ----------- Income (loss) from operations 0 0 0 Interest Expense 0 0 0 Other 0 0 (1) ----------- ----------- ----------- Income (loss) before reorganization items 0 0 (1) Reorganization Items: Professional and Other Fees of Bankruptcy 0 0 0 Gain (loss) on disposition of assets 0 0 0 ----------- ----------- ----------- Total reorganization items 0 0 0 Income (loss) before income taxes 0 0 0 Provision for income taxes 0 0 0 ----------- ----------- ----------- Net Income (loss) before Extraordinary Item ($0) ($0) ($1) =========== =========== ===========
26 OFFICE OF THE U.S. TRUSTEE - REGION 3 CONDENSED BALANCE SHEET For the month of April 1997 Debtor Name: Jacksonville Shipyards, Inc. Case Number: 96-1565 (PJW) - -------------------------------------------------------------------------------- To the best of management's knowledge at the time of the preparation of this report, there has been no material changes in the financial activity to Jacksonville Shipyards, Inc. Due to the lack of accounting data and any information to the contrary, the attached balance sheet reflects similar balances to that of the pervious month. 27 JACKSONVILLE SHIPYARDS, INC. BALANCE SHEET (In thousands) (Unaudited)
ASSETS 4/30/97 3/31/97 2/28/97 - ------------------------------------------ --------- --------- --------- Current Assets Cash $73 $73 $73 Intercompany Accounts Receivable 21,790 21,790 21,768 Trade Accounts Receivable 26 26 27 Other Current Assets 0 0 0 --------- --------- --------- Total Current Assets 21,889 21,889 21,868 Prepaid Pension Costs 4,421 4,421 4,421 Workers Compensation Deposit 3,809 3,809 3,906 Other Assents and Deferred Charges 2,140 2,140 2,140 Assets Held for Sale 206 206 206 --------- --------- --------- Total Assets $32,465 $32,465 $32,541 ========= ========= ========= LIABILITIES & STOCKHOLDERS' DEFICIT - ------------------------------------------ Not Subject to Compromise: Accounts Payable $0 $0 $0 Postpetition Intercompany Payable 3,688 3,688 3,679 Other liabilities 230 230 230 --------- --------- --------- Total Not Subject to Compromise 3,918 3,918 3,909 Subject to Compromise: Accounts Payable 394 394 394 Other liabilities 17,504 17,504 17,589 --------- --------- --------- Total Subject to Compromise 17,898 17,898 17,983 Stockholders' Deficit 10,649 10,649 10,649 --------- --------- --------- Total Liabilities and Stockholders' Deficit $32,465 $32,465 $32,541 ========= ========= =========
28 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS For the month of April 1997 Debtor Name: Jacksonville Shipyards, Inc. Case Number: 96-1565 (PJW) - -------------------------------------------------------------------------------- CASH RECEIPTS None. CASH DISBURSEMENTS None. 29 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF AGED PAYABLES For the month of April 1997 Debtor Name: Jacksonville Shipyards, Inc. Case Number: 96-1565 (PJW) - -------------------------------------------------------------------------------- Jacksonville Shipyards, Inc. has no postpetition accounts payable as of the end of the reporting period. 30 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF OPERATIONS, TAXES, INSURANCE AND PERSONNEL For the month of April 1997 Debtor Name: Jacksonville Shipyards, Inc. Case Number: 96-1565 (PJW) - -------------------------------------------------------------------------------- STATUS OF POSTPETITION TAXES See Tax Receipts. PAYMENTS TO INSIDERS None. PAYMENTS TO PROFESSIONALS None. ADEQUATE PROTECTION PAYMENTS None. INSURANCE Not Applicable. PERSONNEL Jacksonville Shipyards Inc. had no employees at the beginning and end of the reporting period. 31 OFFICE OF THE U.S. TRUSTEE - REGION 3 TAX RECEIPTS For the month of April 1997 Debtor Name: Jacksonville Shipyards, Inc. Case Number: 96-1565 (PJW) - -------------------------------------------------------------------------------- None. 32 OFFICE OF THE U.S. TRUSTEE - REGION 3 OTHER DOCUMENTATION AS REQUIRED BY THE TRUSTEE For the month of April 1997 Debtor Name: Jacksonville Shipyards, Inc. Case Number: 96-1565 (PJW) - -------------------------------------------------------------------------------
QUESTIONAIRE YES NO - ------------ --- -- 1. Have any assets been sold or transferred outside the normal course of X business this reporting period? 2. Have any funds been disbursed from any account other than a debtor in X(1) possession account? 3. Are any postpetition receivables (accounts, notes or loans) due from X(2) related parties? 4. Have any payments been made on prepetition liabilities this reporting X period? 5. Have any postpetition loans been received by the debtor from any party? X 6. Are any postpetition payroll taxes due? X 7. Are any postpetition state or federal income taxes past due? X 8. Are any postpetition real estate taxes due? X 9. Are any other postpetition taxes due? X 10. Are any amounts owed to postpetition creditors past due? X 11. Have any prepetition taxes been paid during the reporting period? X 12. Are any wage payments past due? X
33 (1) Pursuant to the Motion and Order of Debtors and Debtors in Possession for an Order (A) Approving Centralized Cash Management System, Use of Existing Bank Accounts and Business Forms and (B) According Priority Status To All Postpetition Intercompany Claims, the Debtors were authorized to continue to maintain the Prepetition Bank Accounts, as they may be modified pursuant to the terms of the DIP Agreement. (2) Certain letters of credit issued by CoreStates totaling $3,700,000 were drawn in October 1996 and were funded by CoreStates from a cash collateral account. The cash collateral account was funded by the initial draw on the Debtor-in-Possession lending facility. The letters of credit secured certain Jacksonville Shipyards, Inc. and Maryland Shipbuilding & Drydock Company workers compensation liabilities. The resultant workers compensation deposit was initially transferred from the Fruehauf Trailer Corporation accounts to the Jacksonville Shipyards, Inc. account. The surety bond company that was the beneficiary of the letter of credit then funds the workers compensation claims and reimburses itself for claims by drawing on the workers compensation cash deposits. The payment of Maryland Shipbuilding & Drydock Company claims is recorded as a postpetition advance by Jacksonville Shipyards, Inc. to Maryland Shipbuilding & Drydock Company. 34 OFFICE OF THE U.S. TRUSTEE - REGION 3 MONTHLY REPORTING REQUIREMENTS For the month of April 1997 Debtor Name: Fruehauf Trailer Corporation Case Number: 96-1566 (PJW) - --------------------------------------------------------------------------------
Explanation Document Previously Explanation Required Documents Attached Submitted Attached ------------------ -------- --------- -------- Condensed Statement of Operations X Condensed Balance Sheet X Statement of Cash Receipts and Disbursements X Statement of Aged Receivables X Statement of Aged Payables X Statement of Operations, Taxes, Insurance and X Personnel Tax Receipts X Other Documentation as required by the Trustee X
The undersigned individual certifies under penalty of perjury (28 U.S.C. section 1746) that to the best of the individual's knowledge, the documents appended are true and correct. By: /s/ James Wong Date: 6-11-97 --------------------------------- -------------------------- James Wong Chief Financial Officer 35 OFFICE OF THE U.S. TRUSTEE - REGION 3 CONDENSED STATEMENT OF OPERATIONS For the month of April 1997 Debtor Name: Fruehauf Corporation Case Number: 96-1567 (PJW) - -------------------------------------------------------------------------------- Fruehauf Corporation was inoperative during the reporting period. 36 FRUEHAUF INTERNATIONAL LIMITED CONDENSED STATEMENT OF OPERATIONS (in thousands) (Unaudited)
Month Month Month Ended Ended Ended 4/30/97 3/31/97 2/28/97 ----------- ----------- ----------- Sales $0 $0 $0 Cost of Goods Sold 0 0 0 ----------- ----------- ----------- Gross Margin 0 0 0 Engineering, selling and administrative expenses 0 0 0 ----------- ----------- ----------- Income (loss) from operations 0 0 0 Interest Expense 0 0 0 Other (70) (157) (122) ----------- ----------- ----------- Income (loss) before reorganization items (70) (157) (122) Reorganization Items: Professional and Other Fees of Bankruptcy 0 0 0 Gain (loss) on disposition of assets 0 0 0 ----------- ----------- ----------- Total reorganization items 0 0 0 Income (loss) before income taxes (70) (157) (122) Provision for income taxes 0 0 0 ----------- ----------- ----------- Net Income (loss) before Extraordinary Item ($70) ($157) ($122) =========== =========== ===========
37 OFFICE OF THE U.S. TRUSTEE - REGION 3 CONDENSED BALANCE SHEET For the month of April 1997 Debtor Name: Fruehauf Corporation Case Number: 96-1567 (PJW) - -------------------------------------------------------------------------------- See balance sheet attached. 38 OFFICE OF THE U.S. TRUSTEE - REGION 3 CONDENSED BALANCE SHEET For the month of April 1997 Debtor Name: The Mercer Co. Case Number: 96-1569 (PJW) - -------------------------------------------------------------------------------- The Mercer Co. had no assets or liabilities at the beginning and the end of the reporting period. 39 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS For the month of April 1997 Debtor Name: The Mercer Co. Case Number: 96-1569 (PJW) - -------------------------------------------------------------------------------- CASH RECEIPTS None. CASH DISBURSEMENTS None. 40 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF AGED RECEIVABLES For the month of April 1997 Debtor Name: The Mercer Co. Case Number: 96-1569 (PJW) - -------------------------------------------------------------------------------- None. 41 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF AGED PAYABLES For the month of April 1997 Debtor Name: The Mercer Co. Case Number: 96-1569 (PJW) - -------------------------------------------------------------------------------- None. 42 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF OPERATIONS, TAXES, INSURANCE AND PERSONNEL For the month of April 1997 Debtor Name: The Mercer Co. Case Number: 96-1569 (PJW) - -------------------------------------------------------------------------------- STATUS OF POSTPETITION TAXES See Tax Receipts. PAYMENTS TO INSIDERS None. PAYMENTS TO PROFESSIONALS None. ADEQUATE PROTECTION PAYMENTS None. INSURANCE Not Applicable. PERSONNEL The Mercer Co. had no employees at the beginning and end of the reporting period. 43 OFFICE OF THE U.S. TRUSTEE - REGION 3 TAX RECEIPTS For the month of April 1997 Debtor Name: The Mercer Co. Case Number: 96-1569 (PJW) - -------------------------------------------------------------------------------- None. 44 OFFICE OF THE U.S. TRUSTEE - REGION 3 MONTHLY REPORTING REQUIREMENTS For the month of April 1997 Debtor Name: E. L. Devices, Inc. Case Number: 96-1572 (PJW) - --------------------------------------------------------------------------------
Explanation Document Previously Explanation Required Documents Attached Submitted Attached ------------------ -------- --------- -------- Condensed Statement of Operations X Condensed Balance Sheet X Statement of Cash Receipts and Disbursements X Statement of Aged Receivables X Statement of Aged Payables X Statement of Operations, Taxes, Insurance and X Personnel Tax Receipts X Other Documentation as required by the Trustee X
The undersigned individual certifies under penalty of perjury (28 U.S.C. section 1746) that to the best of the individual's knowledge, the documents appended are true and correct. By: /s/ James Wong Date: 6-11-97 --------------------------------- -------------------------- James Wong Chief Financial Officer 45 OFFICE OF THE U.S. TRUSTEE - REGION 3 CONDENSED STATEMENT OF OPERATIONS For the month of April 1997 Debtor Name: E. L. Devices, Inc. Case Number: 96-1572 (PJW) - -------------------------------------------------------------------------------- E. L. Devices, Inc. was inoperative during the reporting period. 46 OFFICE OF THE U.S. TRUSTEE - REGION 3 CONDENSED BALANCE SHEET For the month of April 1997 Debtor Name: E. L. Devices, Inc. Case Number: 96-1572 (PJW) - -------------------------------------------------------------------------------- E. L. Devices, Inc. had no assets or liabilities at the beginning and end of the reporting period. 47 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS For the month of April 1997 Debtor Name: E. L. Devices, Inc. Case Number: 96-1572 (PJW) - -------------------------------------------------------------------------------- CASH RECEIPTS None. CASH DISBURSEMENTS None. 48 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF AGED RECEIVABLES For the month of April 1997 Debtor Name: E. L. Devices, Inc. Case Number: 96-1572 (PJW) - -------------------------------------------------------------------------------- None. 49 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF AGED PAYABLES For the month of April 1997 Debtor Name: E. L. Devices, Inc. Case Number: 96-1572 (PJW) - -------------------------------------------------------------------------------- None. 50 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF OPERATIONS, TAXES, INSURANCE AND PERSONNEL For the month of April 1997 Debtor Name: E. L. Devices, Inc. Case Number: 96-1572 (PJW) - -------------------------------------------------------------------------------- STATUS OF POSTPETITION TAXES See Tax Receipts. PAYMENTS TO INSIDERS None. PAYMENTS TO PROFESSIONALS None. ADEQUATE PROTECTION PAYMENTS None. INSURANCE Not Applicable. PERSONNEL E. L. Devices, Inc. had no employees at the beginning and end of the reporting period. 51 OFFICE OF THE U.S. TRUSTEE - REGION 3 TAX RECEIPTS For the month of April 1997 Debtor Name: E. L. Devices, Inc. Case Number: 96-1572 (PJW) - -------------------------------------------------------------------------------- None. 52 OFFICE OF THE U.S. TRUSTEE - REGION 3 OTHER DOCUMENTATION AS REQUIRED BY THE TRUSTEE For the month of April 1997 Debtor Name: E. L. Devices, Inc. Case Number: 96-1572 (PJW) - --------------------------------------------------------------------------------
QUESTIONAIRE YES NO - ------------ --- -- 1. Have any assets been sold or transferred outside the normal course of X business this reporting period? 2. Have any funds been disbursed from any account other than a debtor in X possession account? 3. Are any postpetition receivables (accounts, notes or loans) due from X related parties? 4. Have any payments been made on prepetition liabilities this reporting X period? 5. Have any postpetition loans been received by the debtor from any party? X 6. Are any postpetition payroll taxes due? X 7. Are any postpetition state or federal income taxes past due? X 8. Are any postpetition real estate taxes due? X 9. Are any other postpetition taxes due? X 10. Are any amounts owed to postpetition creditors past due? X 11. Have any prepetition taxes been paid during the reporting period? X 12. Are any wage payments past due? X
53 OFFICE OF THE U.S. TRUSTEE - REGION 3 OTHER DOCUMENTATION AS REQUIRED BY THE TRUSTEE For the month of April 1997 Debtor Name: The Mercer Co. Case Number: 96-1569 (PJW) - --------------------------------------------------------------------------------
QUESTIONAIRE YES NO - ------------ --- -- 1. Have any assets been sold or transferred outside the normal course of X business this reporting period? 2. Have any funds been disbursed from any account other than a debtor in X possession account? 3. Are any postpetition receivables (accounts, notes or loans) due from X related parties? 4. Have any payments been made on prepetition liabilities this reporting X period? 5. Have any postpetition loans been received by the debtor from any party? X 6. Are any postpetition payroll taxes due? X 7. Are any postpetition state or federal income taxes past due? X 8. Are any postpetition real estate taxes due? X 9. Are any other postpetition taxes due? X 10. Are any amounts owed to postpetition creditors past due? X 11. Have any prepetition taxes been paid during the reporting period? X 12. Are any wage payments past due? X
54 OFFICE OF THE U.S. TRUSTEE - REGION 3 MONTHLY REPORTING REQUIREMENTS For the month of April 1997 Debtor Name: Deutsche-Fruehauf Holding Corporation Case Number: 96-1570 (PJW) - --------------------------------------------------------------------------------
Explanation Document Previously Explanation Required Documents Attached Submitted Attached ------------------ -------- --------- -------- Condensed Statement of Operations X Condensed Balance Sheet X Statement of Cash Receipts and Disbursements X Statement of Aged Receivables X Statement of Aged Payables X Statement of Operations, Taxes, Insurance and X Personnel Tax Receipts X Other Documentation as required by the Trustee X
The undersigned individual certifies under penalty of perjury (28 U.S.C. section 1746) that to the best of the individual's knowledge, the documents appended are true and correct. By: /s/ James Wong Date: 6-11-97 --------------------------------- -------------------------- James Wong Chief Financial Officer 55 OFFICE OF THE U.S. TRUSTEE - REGION 3 CONDENSED STATEMENT OF OPERATIONS For the month of April 1997 Debtor Name: Deutsche-Fruehauf Holding Corporation Case Number: 96-1570 (PJW) - -------------------------------------------------------------------------------- Deutsche-Fruehauf Holding Corporation was inoperative during the reporting period. 56 OFFICE OF THE U.S. TRUSTEE - REGION 3 CONDENSED BALANCE SHEET For the month of April 1997 Debtor Name: Deutsche-Fruehauf Holding Corporation Case Number: 96-1570 (PJW) - -------------------------------------------------------------------------------- See balance sheet attached. 57 DEUTSCHE-FRUEHAUF HOLDING CORPORATION CONDENSED BALANCE SHEET (in thousands) (Unaudited)
ASSETS 4/30/97 3/31/97 2/28/97 - ------------------------------------------ --------- --------- --------- Current Assets Cash $0 $0 $0 Investment in Fruehauf Corporation Ohg 2,395 2,395 2,395 --------- --------- --------- Total Current Assets 2,395 2,395 2,395 Total Assets $2,395 $2,395 $2,395 ========= ========= ========= LIABILITIES & STOCKHOLDERS' EQUITY - ------------------------------------------ Not Subject to Compromise: Total Not Subject to Compromise $0 $0 $0 Subject to Compromise: Total Subject to Compromise 0 0 0 Stockholders' Deficit 2,395 2,395 2,395 --------- --------- --------- Total Liabilities and Stockholders' Equity $2,395 $2,395 $2,395 --------- --------- ---------
58 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF AGED RECEIVABLES For the month of April 1997 Debtor Name: Deutsche-Fruehauf Holding Corporation Case Number: 96-1570 (PJW) - -------------------------------------------------------------------------------- None. 59 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF AGED PAYABLES For the month of April 1997 Debtor Name: Deutsche-Fruehauf Holding Corporation Case Number: 96-1570 (PJW) - -------------------------------------------------------------------------------- None. 60 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF OPERATIONS, TAXES, INSURANCE AND PERSONNEL For the month of April 1997 Debtor Name: Deutsche-Fruehauf Holding Corporation Case Number: 96-1570 (PJW) - -------------------------------------------------------------------------------- STATUS OF POSTPETITION TAXES See Tax Receipts. PAYMENTS TO INSIDERS None. PAYMENTS TO PROFESSIONALS None. ADEQUATE PROTECTION PAYMENTS None. INSURANCE Not Applicable. PERSONNEL Deutsche-Fruehauf Holding Corporation had no employees at the beginning and end of the reporting period. 61 OFFICE OF THE U.S. TRUSTEE - REGION 3 TAX RECEIPTS For the month of April 1997 Debtor Name: Deutsche-Fruehauf Holding Corporation Case Number: 96-1570 (PJW) - -------------------------------------------------------------------------------- Not applicable. 62 OFFICE OF THE U.S. TRUSTEE - REGION 3 OTHER DOCUMENTATION AS REQUIRED BY THE TRUSTEE For the month of April 1997 Debtor Name: Deutsche-Fruehauf Holding Corporation Case Number: 96-1570 (PJW) - ------------------------------------------------------------------------------
QUESTIONAIRE YES NO - ------------ --- -- 1. Have any assets been sold or transferred outside the normal course of X business this reporting period? 2. Have any funds been disbursed from any account other than a debtor in X possession account? 3. Are any postpetition receivables (accounts, notes or loans) due from X related parties? 4. Have any payments been made on prepetition liabilities this reporting X period? 5. Have any postpetition loans been received by the debtor from any party? X 6. Are any postpetition payroll taxes due? X 7. Are any postpetition state or federal income taxes past due? X 8. Are any postpetition real estate taxes due? X 9. Are any other postpetition taxes due? X 10. Are any amounts owed to postpetition creditors past due? X 11. Have any prepetition taxes been paid during the reporting period? X 12. Are any wage payments past due? X
63 OFFICE OF THE U.S. TRUSTEE - REGION 3 MONTHLY REPORTING REQUIREMENTS For the month of April 1997 Debtor Name: MJ Holdings Inc. Case Number: 96-1571 (PJW) - --------------------------------------------------------------------------------
Explanation Document Previously Explanation Required Documents Attached Submitted Attached ------------------ -------- --------- -------- Condensed Statement of Operations X Condensed Balance Sheet X Statement of Cash Receipts and Disbursements X Statement of Aged Receivables X Statement of Aged Payables X Statement of Operations, Taxes, Insurance and X Personnel Tax Receipts X Other Documentation as required by the Trustee X
The undersigned individual certifies under penalty of perjury (28 U.S.C. section 1746) that to the best of the individual's knowledge, the documents appended are true and correct. By: /s/ James Wong Date: 6-11-97 --------------------------------- -------------------------- James Wong Chief Financial Officer 64 OFFICE OF THE U.S. TRUSTEE - REGION 3 CONDENSED STATEMENT OF OPERATIONS For the month of April 1997 Debtor Name: MJ Holdings Inc. Case Number: 96-1571 (PJW) - -------------------------------------------------------------------------------- MJ Holdings Inc. was inoperative during the reporting period. 65 OFFICE OF THE U.S. TRUSTEE - REGION 3 CONDENSED BALANCE SHEET For the month of April 1997 Debtor Name: MJ Holdings Inc. Case Number: 96-1571 (PJW) - -------------------------------------------------------------------------------- MJ Holdings Inc. had no assets or liabilities at the beginning and end of the reporting period. 66 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS For the month of April 1997 Debtor Name: MJ Holdings Inc. Case Number: 96-1571 (PJW) - -------------------------------------------------------------------------------- CASH RECEIPTS None. CASH DISBURSEMENTS None. 67 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF AGED RECEIVABLES For the month of April 1997 Debtor Name: MJ Holdings Inc. Case Number: 96-1571 (PJW) - -------------------------------------------------------------------------------- None. 68 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF AGED PAYABLES For the month of April 1997 Debtor Name: MJ Holdings Inc. Case Number: 96-1571 (PJW) - -------------------------------------------------------------------------------- None. 69 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF OPERATIONS, TAXES, INSURANCE AND PERSONNEL For the month of April 1997 Debtor Name: MJ Holdings Inc. Case Number: 96-1571 (PJW) - -------------------------------------------------------------------------------- STATUS OF POSTPETITION TAXES See Tax Receipts. PAYMENTS TO INSIDERS None. PAYMENTS TO PROFESSIONALS None. ADEQUATE PROTECTION PAYMENTS None. INSURANCE Not Applicable. PERSONNEL MJ Holdings Inc. had no employees at the beginning and end of the reporting period. 70 OFFICE OF THE U.S. TRUSTEE - REGION 3 TAX RECEIPTS For the month of April 1997 Debtor Name: MJ Holdings Inc. Case Number: 96-1571 (PJW) - -------------------------------------------------------------------------------- Not applicable. 71 OFFICE OF THE U.S. TRUSTEE - REGION 3 OTHER DOCUMENTATION AS REQUIRED BY THE TRUSTEE For the month of April 1997 Debtor Name: MJ Holdings Inc. Case Number: 96-1571 (PJW) - -------------------------------------------------------------------------------
QUESTIONAIRE YES NO - ------------ --- -- 1. Have any assets been sold or transferred outside the normal course of X business this reporting period? 2. Have any funds been disbursed from any account other than a debtor in X possession account? 3. Are any postpetition receivables (accounts, notes or loans) due from X(1) related parties? 4. Have any payments been made on prepetition liabilities this reporting X period? 5. Have any postpetition loans been received by the debtor from any party? X 6. Are any postpetition payroll taxes due? X 7. Are any postpetition state or federal income taxes past due? X 8. Are any postpetition real estate taxes due? X 9. Are any other postpetition taxes due? X 10. Are any amounts owed to postpetition creditors past due? X 11. Have any prepetition taxes been paid during the reporting period? X 12. Are any wage payments past due? X
72 OFFICE OF THE U.S. TRUSTEE - REGION 3 CONDENSED BALANCE SHEET For the month of April 1997 Debtor Name: Fruehauf International Limited Case Number: 96-1568 (PJW) - -------------------------------------------------------------------------------- FGR, Inc. had no assets or liabilities at the beginning and end of the reporting period. 73 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS For the month of April 1997 Debtor Name: FGR, Inc. Case Number: 96-1568 (PJW) - -------------------------------------------------------------------------------- CASH RECEIPTS None. CASH DISBURSEMENTS None. 74 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF AGED RECEIVABLES For the month of April 1997 Debtor Name: FGR, Inc. Case Number: 96-1568 (PJW) - -------------------------------------------------------------------------------- None. 75 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF AGED PAYABLES For the month of April 1997 Debtor Name: FGR, Inc. Case Number: 96-1568 (PJW) - -------------------------------------------------------------------------------- None. 76 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF OPERATIONS, TAXES, INSURANCE AND PERSONNEL For the month of April 1997 Debtor Name: FGR, Inc. Case Number: 96-1568 (PJW) - -------------------------------------------------------------------------------- STATUS OF POSTPETITION TAXES See Tax Receipts. PAYMENTS TO INSIDERS None. PAYMENTS TO PROFESSIONALS None. ADEQUATE PROTECTION PAYMENTS None. INSURANCE Not Applicable. PERSONNEL FGR, Inc. had no employees at the beginning and end of the reporting period. 77 OFFICE OF THE U.S. TRUSTEE - REGION 3 TAX RECEIPTS For the month of April 1997 Debtor Name: FGR, Inc. Case Number: 96-1568 (PJW) - -------------------------------------------------------------------------------- Not applicable. 78 OFFICE OF THE U.S. TRUSTEE - REGION 3 OTHER DOCUMENTATION AS REQUIRED BY THE TRUSTEE For the month of April 1997 Debtor Name: FGR, Inc. Case Number: 96-1568 (PJW) - ------------------------------------------------------------------------------
QUESTIONAIRE YES NO - ------------ --- -- 1. Have any assets been sold or transferred outside the normal course of X business this reporting period? 2. Have any funds been disbursed from any account other than a debtor in X possession account? 3. Are any postpetition receivables (accounts, notes or loans) due from X(1) related parties? 4. Have any payments been made on prepetition liabilities this reporting X period? 5. Have any postpetition loans been received by the debtor from any party? X 6. Are any postpetition payroll taxes due? X 7. Are any postpetition state or federal income taxes past due? X 8. Are any postpetition real estate taxes due? X 9. Are any other postpetition taxes due? X 10. Are any amounts owed to postpetition creditors past due? X 11. Have any prepetition taxes been paid during the reporting period? X 12. Are any wage payments past due? X
79 FRUEHAUF INTERNATIONAL LIMITED BALANCE SHEET (In thousands) (Unaudited)
ASSETS 4/30/97 3/31/97 2/28/97 - ------------------------------------------ --------- --------- --------- Current Assets Cash $0 $0 $0 Intercompany Accounts Receivable 23,116 23,116 23,116 Trade Accounts Receivable 1,476 1,476 1,476 Other Current Assets 0 0 0 --------- --------- --------- Total Current Assets 24,592 24,592 24,592 Restricted Cash 299 299 299 Other Assents and Deferred Charges (260) (260) (260) Investment in Fruehauf Corporation 18,783 18,783 18,783 Investment in Deustche-Fruehauf Holding 2,395 2,395 2,395 Investment in Fruehauf Mexico (2,326) (2,256) (2,099) --------- --------- --------- Total Assets $43,483 $43,553 $43,710 ========= ========= ========= LIABILITIES & STOCKHOLDERS' DEFICIT - ------------------------------------------ Not Subject to Compromise: Intercompany Accounts Payable $0 $0 $0 Other liabilities 0 0 0 --------- --------- --------- Total Not Subject to Compromise 0 0 0 Subject to Compromise: Other liabilities 110 110 110 --------- --------- --------- Total Subject to Compromise 110 110 110 Stockholders' Deficit 43,373 43,443 43,600 --------- --------- --------- Total Liabilities and Stockholders' Deficit 43,483 43,553 43,710 ========= ========= =========
80 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS For the month of April 1997 Debtor Name: Fruehauf International Limited Case Number: 96-1566 (PJW) - -------------------------------------------------------------------------------- CASH RECEIPTS None. CASH DISBURSEMENTS None. 81 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF AGED RECEIVABLES For the month of April 1997 Debtor Name: Fruehauf International Limited Case Number: 96-1566 (PJW) - -------------------------------------------------------------------------------- Fruehauf International Limited has no trade receivables. Fruehauf International Limited accounts receivable at the end of the reporting period consists solely of royalty receivable amounts due from Fruehauf de Mexico S.A. de C.V. 82 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF AGED PAYABLES For the month of April 1997 Debtor Name: Fruehauf International Limited Case Number: 96-1566 (PJW) - -------------------------------------------------------------------------------- None. 83 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF OPERATIONS, TAXES, INSURANCE AND PERSONNEL For the month of April 1997 Debtor Name: Fruehauf International Limited Case Number: 96-1566 (PJW) - -------------------------------------------------------------------------------- STATUS OF POSTPETITION TAXES See Tax Receipts. PAYMENTS TO INSIDERS None. PAYMENTS TO PROFESSIONALS None. ADEQUATE PROTECTION PAYMENTS None. INSURANCE Not Applicable. PERSONNEL Fruehauf International Limited had no employees at the beginning and end of the reporting period. 84 OFFICE OF THE U.S. TRUSTEE - REGION 3 TAX RECEIPTS For the month of April 1997 Debtor Name: Fruehauf International Limited Case Number: 96-1566 (PJW) - -------------------------------------------------------------------------------- None. 85 OFFICE OF THE U.S. TRUSTEE - REGION 3 OTHER DOCUMENTATION AS REQUIRED BY THE TRUSTEE For the month of April 1997 Debtor Name: Fruehauf International Limited Case Number: 96-1566 (PJW) - -------------------------------------------------------------------------------
QUESTIONNAIRE YES NO - ------------- --- -- 1. Have any assets been sold or transferred outside the normal course of X business this reporting period? 2. Have any funds been disbursed from any account other than a debtor in X possession account? 3. Are any postpetition receivables (accounts, notes or loans) due from X related parties? 4. Have any payments been made on prepetition liabilities this reporting X period? 5. Have any postpetition loans been received by the debtor from any party? X 6. Are any postpetition payroll taxes due? X 7. Are any postpetition state or federal income taxes past due? X 8. Are any postpetition real estate taxes due? X 9. Are any other postpetition taxes due? X 10. Are any amounts owed to postpetition creditors past due? X 11. Have any prepetition taxes been paid during the reporting period? X 12. Are any wage payments past due? X
86 OFFICE OF THE U.S. TRUSTEE - REGION 3 MONTHLY REPORTING REQUIREMENTS For the month of April 1997 Debtor Name: Fruehauf Corporation Case Number: 96-1567 (PJW) - --------------------------------------------------------------------------------
Explanation Document Previously Explanation Required Documents Attached Submitted Attached ------------------ -------- --------- -------- Condensed Statement of Operations X Condensed Balance Sheet X Statement of Cash Receipts and Disbursements X Statement of Aged Receivables X Statement of Aged Payables X Statement of Operations, Taxes, Insurance and X Personnel Tax Receipts X Other Documentation as required by the Trustee X
The undersigned individual certifies under penalty of perjury (28 U.S.C. section 1746) that to the best of the individual's knowledge, the documents appended are true and correct. By: /s/ James Wong Date: 6-11-97 --------------------------------- -------------------------- James Wong Chief Financial Officer 87 OFFICE OF THE U.S. TRUSTEE - REGION 3 CONDENSED STATEMENT OF OPERATIONS For the month of April 1997 Debtor Name: Fruehauf Corporation Case Number: 96-1567 (PJW) - -------------------------------------------------------------------------------- Fruehauf Corporation was inoperative during the reporting period. 88 OFFICE OF THE U.S. TRUSTEE - REGION 3 CONDENSED BALANCE SHEET For the month of April 1997 Debtor Name: Fruehauf Corporation Case Number: 96-1567 (PJW) - -------------------------------------------------------------------------------- See balance sheet attached. 89 FRUEHAUF CORPORATION BALANCE SHEET (In thousands) (Unaudited)
ASSETS 4/30/97 3/31/97 2/28/97 - ------------------------------------------ --------- --------- --------- Current Assets Cash $ 3 $ 3 $ 3 Intercompany Accounts Receivable 18,636 18,636 18,636 --------- --------- --------- Total Current Assets 18,639 18,639 18,639 Restricted Cash 144 144 144 --------- --------- --------- Total Assets $18,783 $18,783 $18,783 ========= ========= ========= LIABILITIES & STOCKHOLDERS' DEFICIT - ------------------------------------------ Not Subject to Compromise: Other liabilities $ 0 $ 0 $ 0 --------- --------- --------- Total Not Subject to Compromise 0 0 0 Subject to Compromise: Other liabilities 0 0 0 --------- --------- --------- Total Subject to Compromise 0 0 0 Stockholders' Deficit 18,783 18,783 18,783 --------- --------- --------- Total Liabilities and Stockholders' Equity $18,783 $18,783 $18,783 ========= ========= =========
90 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS For the month of April 1997 Debtor Name: Fruehauf Corporation Case Number: 96-1567 (PJW) - -------------------------------------------------------------------------------- CASH RECEIPTS None. CASH DISBURSEMENTS None. 91 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF AGED RECEIVABLES For the month of April 1997 Debtor Name: Fruehauf Corporation Case Number: 96-1567 (PJW) - -------------------------------------------------------------------------------- Fruehauf Corporation has no trade receivables. Fruehauf Corporation's only receivable is an intercompany receivable from Fruehauf Trailer Corporation. 92 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF AGED PAYABLES For the month of April 1997 Debtor Name: Fruehauf Corporation Case Number: 96-1567 (PJW) - -------------------------------------------------------------------------------- None. 93 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF OPERATIONS, TAXES, INSURANCE AND PERSONNEL For the month of April 1997 Debtor Name: Fruehauf Corporation Case Number: 96-1567 (PJW) - -------------------------------------------------------------------------------- STATUS OF POSTPETITION TAXES See Tax Receipts. PAYMENTS TO INSIDERS None. PAYMENTS TO PROFESSIONALS None. ADEQUATE PROTECTION PAYMENTS None. INSURANCE Not Applicable. PERSONNEL Fruehauf Corporation had no employees at the beginning and end of the reporting period. 94 OFFICE OF THE U.S. TRUSTEE - REGION 3 OTHER DOCUMENTATION AS REQUIRED BY THE TRUSTEE For the month of April 1997 Debtor Name: Fruehauf Corporation Case Number: 96-1567 (PJW) - --------------------------------------------------------------------------------
QUESTIONAIRE YES NO - ------------ --- -- 1. Have any assets been sold or transferred outside the normal course of X business this reporting period? 2. Have any funds been disbursed from any account other than a debtor in X possession account? 3. Are any postpetition receivables (accounts, notes or loans) due from X related parties? 4. Have any payments been made on prepetition liabilities this reporting X period? 5. Have any postpetition loans been received by the debtor from any party? X 6. Are any postpetition payroll taxes due? X 7. Are any postpetition state or federal income taxes past due? X 8. Are any postpetition real estate taxes due? X 9. Are any other postpetition taxes due? X 10. Are any amounts owed to postpetition creditors past due? X 11. Have any prepetition taxes been paid during the reporting period? X 12. Are any wage payments past due? X
95 OFFICE OF THE U.S. TRUSTEE - REGION 3 CONDENSED STATEMENT OF OPERATIONS For the month of April 1997 Debtor Name: FGR, Inc. Case Number: 96-1568 (PJW) - -------------------------------------------------------------------------------- FGR, Inc. was inoperative during the resporting period. 96 OFFICE OF THE U.S. TRUSTEE - REGION 3 MONTHLY REPORTING REQUIREMENTS For the month of April 1997 Debtor Name: FGR, Inc. Case Number: 96-1568 (PJW) - --------------------------------------------------------------------------------
Explanation Document Previously Explanation Required Documents Attached Submitted Attached ------------------ -------- --------- -------- Condensed Statement of Operations X Condensed Balance Sheet X Statement of Cash Receipts and Disbursements X Statement of Aged Receivables X Statement of Aged Payables X Statement of Operations, Taxes, Insurance and X Personnel Tax Receipts X Other Documentation as required by the Trustee X
The undersigned individual certifies under penalty of perjury (28 U.S.C. section 1746) that to the best of the individual's knowledge, the documents appended are true and correct. By: /s/ James Wong Date: 6-11-97 --------------------------------- -------------------------- James Wong Chief Financial Officer 97 OFFICE OF THE U.S. TRUSTEE - REGION 3 MONTHLY REPORTING REQUIREMENTS For the month of April 1997 Debtor Name: The Mercer Co. Case Number: 96-1569 (PJW) - --------------------------------------------------------------------------------
Explanation Document Previously Explanation Required Documents Attached Submitted Attached ------------------ -------- --------- -------- Condensed Statement of Operations X Condensed Balance Sheet X Statement of Cash Receipts and Disbursements X Statement of Aged Receivables X Statement of Aged Payables X Statement of Operations, Taxes, Insurance and X Personnel Tax Receipts X Other Documentation as required by the Trustee X
The undersigned individual certifies under penalty of perjury (28 U.S.C. section 1746) that to the best of the individual's knowledge, the documents appended are true and correct. By: /s/ James Wong Date: 6-11-97 --------------------------------- -------------------------- James Wong Chief Financial Officer 98 OFFICE OF THE U.S. TRUSTEE - REGION 3 CONDENSED STATEMENT OF OPERATIONS For the month of April 1997 Debtor Name: FGR, Inc. Case Number: 96-1568 (PJW) - -------------------------------------------------------------------------------- FGR, Inc. was inoperative during the resporting period. 99 OFFICE OF THE U.S. TRUSTEE - REGION 3 CONDENSED BALANCE SHEET For the month of April 1997 Debtor Name: Fruehauf International Limited Case Number: 96-1568 (PJW) - -------------------------------------------------------------------------------- FGR, Inc. had no assets or liabilities at the beginning and end of the reporting period. 100 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS For the month of April 1997 Debtor Name: FGR, Inc. Case Number: 96-1568 (PJW) - -------------------------------------------------------------------------------- CASH RECEIPTS None. CASH DISBURSEMENTS None. 101 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF AGED RECEIVABLES For the month of April 1997 Debtor Name: FGR, Inc. Case Number: 96-1568 (PJW) - -------------------------------------------------------------------------------- None. 102 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF AGED PAYABLES For the month of April 1997 Debtor Name: FGR, Inc. Case Number: 96-1568 (PJW) - -------------------------------------------------------------------------------- None. 103 OFFICE OF THE U.S. TRUSTEE - REGION 3 STATEMENT OF OPERATIONS, TAXES, INSURANCE AND PERSONNEL For the month of April 1997 Debtor Name: FGR, Inc. Case Number: 96-1568 (PJW) - -------------------------------------------------------------------------------- STATUS OF POSTPETITION TAXES See Tax Receipts. PAYMENTS TO INSIDERS None. PAYMENTS TO PROFESSIONALS None. ADEQUATE PROTECTION PAYMENTS None. INSURANCE Not Applicable. PERSONNEL FGR, Inc. had no employees at the beginning and end of the reporting period. 104 OFFICE OF THE U.S. TRUSTEE - REGION 3 TAX RECEIPTS For the month of April 1997 Debtor Name: FGR, Inc. Case Number: 96-1568 (PJW) - -------------------------------------------------------------------------------- Not applicable. 105 OFFICE OF THE U.S. TRUSTEE - REGION 3 OTHER DOCUMENTATION AS REQUIRED BY THE TRUSTEE For the month of April 1997 Debtor Name: FGR, Inc. Case Number: 96-1568 (PJW) - ------------------------------------------------------------------------------
QUESTIONAIRE YES NO - ------------ --- -- 1. Have any assets been sold or transferred outside the normal course of X business this reporting period? 2. Have any funds been disbursed from any account other than a debtor in X possession account? 3. Are any postpetition receivables (accounts, notes or loans) due from X(1) related parties? 4. Have any payments been made on prepetition liabilities this reporting X period? 5. Have any postpetition loans been received by the debtor from any party? X 6. Are any postpetition payroll taxes due? X 7. Are any postpetition state or federal income taxes past due? X 8. Are any postpetition real estate taxes due? X 9. Are any other postpetition taxes due? X 10. Are any amounts owed to postpetition creditors past due? X 11. Have any prepetition taxes been paid during the reporting period? X 12. Are any wage payments past due? X
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