ATCHISON CASTING CORPORATION AND SUBSIDIARIES AS DEBTORS AND DEBTORS-IN-POSSESSION
CONSOLIDATING BALANCE SHEET
(US $ IN 000s)
August 29, 2003

                                    ATCHISON       AMITE                                       MILWAUKEE       EMPIRE                       PENNSYLVANIA
                                   CASTING        FOUNDRY &       PROSPECT       QUAKER         IMPELLER        STEEL          LaGRANGE    STEEL FOUNDRY
ASSETS                            CORPORATION   MACHINE, INC.  FOUNDRY, INC.   ALLOY, INC.   CASTINGS, INC. CASTINGS, INC.  FOUNDRY, INC.  & MACHINE CO.
-------------------------------- -------------------------------------------------------------------------------------------------------------------------------


CASH                                   $2,964             $0             $0             $1             $0              $2             $0             $0

TRADE RECEIVABLES                       6,454          1,294          1,599          1,701              0             131              0              0
OTHER RECEIVABLES                         315             26              0              0              0              12              0              0
LESS ALLOWANCES                          (100)            (7)           (25)           (94)             0             (18)             0              0
                                 -------------  -------------  -------------  -------------  -------------  --------------  -------------  -------------
NET ACCOUNT RECEIVABLES                 6,669          1,313          1,574          1,607              0             125              0              0

GROSS INVENTORY                         7,864          1,914            788            438              0           3,039              0              0
LIFO RESERVE                             (760)             0              0              0              0               0              0              0
VALUATION RESERVE                         (85)             0            (42)             0              0               0              0              0
                                 -------------  -------------  -------------  -------------  -------------  --------------  -------------  -------------
NET INVENTORY                           7,019          1,914            746            438              0           3,039              0              0

DEFERRED INCOME TAXES                  (7,932)             0              0              0              0               0              0              0

OTHER CURRENT ASSETS                    1,543            371            215            275              0             116              0              5
                                 -------------  -------------  -------------  -------------  -------------  --------------  -------------  -------------

TOTAL CURRENT ASSETS                   10,263          3,598          2,535          2,321              0           3,282              0              5

PROPERTY, PLANT, & EQUIPMENT           54,646         19,060         15,186          7,446              0           3,412              0              0
ALLOWANCE FOR DEPRECIATION            (34,052)       (10,706)       (10,939)        (3,592)             0          (2,762)             0              0
                                 -------------  -------------  -------------  -------------  -------------  --------------  -------------  -------------
NET PROPERTY                           20,594          8,354          4,247          3,854              0             650              0              0

OTHER ASSETS - INTANGIBLES                  0              0              0              0              0               0              0              0
ACCUMULATED AMORTIZATION                    0              0              0              0              0               0              0              0
                                 -------------  -------------  -------------  -------------  -------------  --------------  -------------  -------------
NET INTANGIBLES                             0              0              0              0              0               0              0              0

INVESTMENT IN SUBSIDIARIES             76,259              0              0              0              0               0              0              0

DEFERRED CHARGES                            0              0              0              0              0               0              0              0
ACCUMULATED AMORTIZATION                    0              0              0              0              0               0              0              0
                                 -------------  -------------  -------------  -------------  -------------  --------------  -------------  -------------
NET DEFERRED CHARGES                        0              0              0              0              0               0              0              0

OTHER ASSETS                            2,097              0              0              0            670             186              0              0

                                 -------------  -------------  -------------  -------------  -------------  --------------  -------------  -------------

TOTAL ASSETS                         $109,213        $11,952         $6,782         $6,175           $670          $4,118             $0             $5
                                 =============  =============  =============  =============  =============  ==============  =============  =============

ATCHISON CASTING CORPORATION AND SUBSIDIARIES AS DEBTORS AND DEBTORS-IN-POSSESSION
CONSOLIDATING BALANCE SHEET
(US $ IN 000s)
August 29, 2003


                               SPRINGFIELD                    INVERNESS                                          NON -
                                  IRON         PRIMECAST       CASTINGS       ACC GLOBAL         CLAREMONT      DEBTOR
ASSETS                         CORPORATION    INCORPORATED    GROUP, INC.    CORPORATION       FOUNDRY, INC. SUBSIDIARIES   ELIMINATIONS    CONSOLIDATED
--------------------------------------------------------------------------------------------------------------------------------------------------------


CASH                                    $0             $0             $26             $0             $0             $0             $0         $2,993

TRADE RECEIVABLES                        0              0           5,939            387              0          3,997              0         21,502
OTHER RECEIVABLES                        0              0              46              0              0             22              0            421
LESS ALLOWANCES                          0              0            (169)             0              0            (36)             0           (449)
                              -------------  -------------  --------------  -------------  -------------  -------------  -------------  -------------
NET ACCOUNT RECEIVABLES                  0              0           5,816            387              0          3,983              0         21,474

GROSS INVENTORY                          0              0           2,566              0              0          2,333              0         18,942
LIFO RESERVE                             0              0             (76)             0              0              0              0           (836)
VALUATION RESERVE                        0              0               0              0              0           (209)             0           (336)
                              -------------  -------------  --------------  -------------  -------------  -------------  -------------  -------------
NET INVENTORY                            0              0           2,490              0              0          2,124              0         17,770

DEFERRED INCOME TAXES                    0              0               0              0              0             97              0         (7,835)

OTHER CURRENT ASSETS                     0              0           1,716              3              0            275              0          4,519
                              -------------  -------------  --------------  -------------  -------------  -------------  -------------  -------------

TOTAL CURRENT ASSETS                     0              0          10,048            390              0          6,479              0         38,921

PROPERTY, PLANT, & EQUIPMENT             0              0          14,167              0              0         13,443              0        127,360
ALLOWANCE FOR DEPRECIATION               0              0          (5,436)             0              0         (4,636)             0        (72,123)
                              -------------  -------------  --------------  -------------  -------------  -------------  -------------  -------------
NET PROPERTY                             0              0           8,731              0              0          8,807              0         55,237

OTHER ASSETS - INTANGIBLES               0              0               0              0              0          9,285              0          9,285
ACCUMULATED AMORTIZATION                 0              0               0              0              0         (7,513)             0         (7,513)
                              -------------  -------------  --------------  -------------  -------------  -------------  -------------  -------------
NET INTANGIBLES                          0              0               0              0              0          1,772              0          1,772

INVESTMENT IN SUBSIDIARIES               0              0               0              0              0              0        (76,259)             0

DEFERRED CHARGES                         0              0               0              0              0              0              0              0
ACCUMMULATED AMORTIZATION                0              0               0              0              0              0              0              0
                              -------------  -------------  --------------  -------------  -------------  -------------  -------------  -------------
NET DEFERRED CHARGES                     0              0               0              0              0              0              0              0

OTHER ASSETS                            66              0               0              0              0            250              0          3,269

                              -------------  -------------  --------------  -------------  -------------  -------------  -------------  -------------

TOTAL ASSETS                           $66             $0         $18,779           $390             $0        $17,308       ($76,259)       $99,199
                              =============  =============  ==============  =============  =============  =============  =============  =============

ATCHISON CASTING CORPORATION AND SUBSIDIARIES AS DEBTORS AND DEBTORS-IN-POSSESSION
CONSOLIDATING BALANCE SHEET
(US $ IN 000s)
August 29, 2003

                                     ATCHISON        AMITE                                       MILWAUKEE       EMPIRE                       PENNSYLVANIA
                                     CASTING        FOUNDRY &       PROSPECT       QUAKER         IMPELLER        STEEL          LaGRANGE    STEEL FOUNDRY
LIABILITIES & NET WORTH             CORPORATION   MACHINE, INC.  FOUNDRY, INC.   ALLOY, INC.   CASTINGS, INC. CASTINGS, INC.  FOUNDRY, INC.  & MACHINE CO.
------------------------------------------------------------------------------------------------------------------------------------------------------------
ACCOUNT PAYABLE                          $7,892         $1,650         $1,420         $1,647             $0            $158            $38             $0
ACCRUED EXPENSES                         16,128            658          1,703           (715)           680           3,959          1,094            426
CURRENT PORTION - LONG TERM DEBT         10,387              0              0              0              0               0              0              0
                                   -------------  -------------  -------------  -------------  -------------  --------------  -------------  -------------
TOTAL CURRENT LIABILITIES                34,407          2,308          3,123            932            680           4,117          1,132            426

LONG TERM  LOAN                          73,132              0              0              0              0               0              0              0
LONG TERM  LOAN - INTRACOMPANY          (11,493)        11,950        (10,617)        18,211          8,166           7,643          2,592           (421)
                                   -------------  -------------  -------------  -------------  -------------  --------------  -------------  -------------
TOTAL LOANS                              61,639         11,950        (10,617)        18,211          8,166           7,643          2,592           (421)

EXCESS ASSETS OVER COST                       0              0              0              0              0               0              0              0
ACCUMULATED AMORTIZATION                      0              0              0              0              0               0              0              0
                                   -------------  -------------  -------------  -------------  -------------  --------------  -------------  -------------
NET EXCESS ASSETS OVER COST                   0              0              0              0              0               0              0              0

DEFERRED TAXES                            1,251              0              0              0              0               0              0              0

OTHER LONG TERM LIABILITIES                 841             40              0              0              0               0              0              0

LONG TERM PENSION                         7,437              0              0              0              0           1,981              0              0

POST RETIREMENT OBLIGATION
   OTHER THAN PENSION                     5,721              0              0              0              0             467              0              0

MINORITY INTEREST IN SUBSIDIARY             187              0              0              0              0               0              0              0


                                   -------------  -------------  -------------  -------------  -------------  --------------  -------------  -------------
TOTAL LIABILITIES                       111,483         14,298         (7,494)        19,143          8,846          14,208          3,724              5

CAPITAL STOCK                            62,558         12,000          6,678          1,894          3,269           1,400          3,000              0
RETAINED EARNINGS                       (64,828)       (14,346)         7,598        (14,862)       (11,445)        (11,490)        (6,724)             0
                                   -------------  -------------  -------------  -------------  -------------  --------------  -------------  -------------
NET WORTH                                (2,270)        (2,346)        14,276        (12,968)        (8,176)        (10,090)        (3,724)             0

                                   -------------  -------------  -------------  -------------  -------------  --------------  -------------  -------------
TOTAL LIABILITIES &
   NET WORTH                           $109,213        $11,952         $6,782         $6,175           $670          $4,118             $0             $5
                                   =============  =============  =============  =============  =============  ==============  =============  =============

ATCHISON CASTING CORPORATION AND SUBSIDIARIES AS DEBTORS AND DEBTORS-IN-POSSESSION
CONSOLIDATING BALANCE SHEET
(US $ IN 000s)
August 29, 2003



                                 SPRINGFIELD                     INVERNESS                                     NON -
                                    IRON         PRIMECAST       CASTINGS       ACC GLOBAL      CLAREMONT     DEBTOR
LIABILITIES & NET WORTH          CORPORATION    INCORPORATED    GROUP, INC.    CORPORATION    FOUNDRY, INC.   SUBSIDIARIES  ELIMINATIONS   CONSOLIDATED
-----------------------------------------------------------------------------------------------------------------------------------------------------------
ACCOUNTS PAYABLE                          $0             $0          $4,665           $355             $0         $2,060             $0         19,885
ACCRUED EXPENSES                           0              0           1,260             11              0          1,618              0         26,822
CURRENT PORTION - LONG TERM DEBT           0              0               0              0              0                             0         10,387
                                -------------  -------------  --------------  -------------  -------------  -------------  -------------  -------------
TOTAL CURRENT LIABILITIES                  0              0           5,925            366              0          3,678              0         57,094
                                =============  =============  ==============  =============  =============  =============  =============  =============


LONG TERM  LOAN                            0              0               0              0              0              0              0         73,132
LONG TERM  LOAN - INTRACOMPANY            66              0          11,118             74              0           (408)       (36,881)             0
                                -------------  -------------  --------------  -------------  -------------  -------------  -------------  -------------
TOTAL LOANS                               66              0          11,118             74              0           (408)       (36,881)        73,132
EXCESS ASSETS OVER COST                    0              0               0              0              0              0              0              0
ACCUMULATED AMORTIZATION                   0              0               0              0              0              0              0              0
                                -------------  -------------  --------------  -------------  -------------  -------------  -------------  -------------
NET EXCESS ASSETS OVER COST                0              0               0              0              0              0              0              0

DEFERRED TAXES                             0              0               0              0              0          1,910              0          3,161

OTHER LONG TERM LIABILITIES                0              0             206              0              0             (7)             0          1,080

LONG TERM PENSION                          0              0               0              0              0              0              0          9,418

POST RETIREMENT OBLIGATION
   OTHER THAN PENSION                      0              0           3,502              0              0              0              0          9,690

MINORITY INTEREST IN SUBSIDIARY            0              0              68              0              0              0              0            255

                                -------------  -------------  --------------  -------------  -------------  -------------  -------------  -------------
TOTAL LIABILITIES                         66              0          20,819            440              0          5,173        (36,881)       153,830

CAPITAL STOCK                              0              0           2,216            100              0          8,821        (39,378)        62,558
RETAINED EARNINGS                          0              0          (4,256)          (150)             0          3,314              0       (117,189)
                                -------------  -------------  --------------  -------------  -------------  -------------  -------------  -------------
NET WORTH                                  0              0          (2,040)           (50)             0         12,135        (39,378)       (54,631)
                                -------------  -------------  --------------  -------------  -------------  -------------  -------------  -------------
TOTAL LIABILITIES &
   NET WORTH                             $66             $0         $18,779           $390             $0        $17,308       ($76,259)       $99,199
                                =============  =============  ==============  =============  =============  =============  =============  =============

ATCHISON CASTING CORPORATION AND SUBSIDIARIES AS DEBTORS AND DEBTORS-IN-POSSESSION
INCOME STATEMENT
(US $ IN 000s)
FOR THE MONTH ENDED
AUGUST 29, 2003

                          ATCHISON          AMITE                                             MILWAUKEE         EMPIRE                         PENNSYLVANIA
                          CASTING         FOUNDRY &         PROSPECT          QUAKER          IMPELLER           STEEL          LaGRANGE       STEEL FOUNDRY
                        CORPORATION     MACHINE, INC.    FOUNDRY, INC.     ALLOY, INC.      CASTINGS, INC.   CASTINGS, INC.   FOUNDRY, INC.    & MACHINE CO.
                       ---------------  ---------------  ---------------  ---------------   --------------   --------------   --------------   --------------

SALES                          $4,321           $1,017           $1,092             $798               $0             $352               $0               $0

COST OF SALES :
    MATERIAL                   (1,576)            (162)            (194)              (4)               0               (2)               0                0
    LABOR                        (426)            (112)            (298)             (54)               0              (24)               0                0
    BURDEN                     (2,030)            (740)            (405)            (816)               0             (482)               0                0
                       ---------------  ---------------  ---------------  ---------------   --------------   --------------   --------------   --------------
TOTAL STANDARD
   COST OF SALES               (4,032)          (1,014)            (897)            (874)               0             (508)               0                0

                       ---------------  ---------------  ---------------  ---------------   --------------   --------------   --------------   --------------
STANDARD GROSS MARGIN             289                3              195              (76)               0             (156)               0                0

MANUFACTURING VARIANCE           (450)               0                0                0                0                0                0                0
                       ---------------  ---------------  ---------------  ---------------   --------------   --------------   --------------   --------------
TOTAL COST OF SALES            (4,482)          (1,014)            (897)            (874)               0             (508)               0                0

GROSS PROFIT (LOSS)              (161)               3              195              (76)               0             (156)               0                0

GENERAL & ADMINISTRATIVE       (1,519)             (57)            (120)             (50)              (3)             (12)             (72)               0
SALES & MARKETING                 (46)             (18)             (24)              (3)               0               (2)               0                0
NEW PRODDUCT DEVELOPMENT            0                0                0                0                0                0                0                0
AMORTIZATION OF
   INTANGIBLES                      0                0                0                0                0                0                0                0
                       ---------------  ---------------  ---------------  ---------------   --------------   --------------   --------------   --------------

NET OPERATING
   PROFIT (LOSS)               (1,726)             (72)              51             (129)              (3)            (170)             (72)               0
OTHER INCOME (EXPENSE)        (46,925)               1                0                0                0                0                0                0
                       ---------------  ---------------  ---------------  ---------------   --------------   --------------   --------------   --------------

EARNINGS BEFORE INTEREST
   AND TAXES                  (48,651)             (71)              51             (129)              (3)            (170)             (72)               0
INTEREST EXPENSE -
   DEFERRED  FINANCING              0                0                0                0                0                0                0                0
INTEREST EXPENSE                  233              (87)              80             (136)               0                0                0                0
MINORITY INTEREST                 (15)               0                0                0                0                0                0                0
                       ---------------  ---------------  ---------------  ---------------   --------------   --------------   --------------   --------------

NET INCOME (LOSS)
   BEFORE TAX                 (48,433)            (158)             131             (265)              (3)            (170)             (72)               0
PROVISION FOR INCOME
   TAX                           (773)              54              (52)              79                0               51                0                0
                       ---------------  ---------------  ---------------  ---------------   --------------   --------------   --------------   --------------

NET INCOME (LOSS)            ($49,206)           ($104)             $79            ($186)             ($3)           ($119)            ($72)              $0
                       ===============  ===============  ===============  ===============   ==============   ==============   ==============   ==============

ATCHISON CASTING CORPORATION AND SUBSIDIARIES AS DEBTORS AND DEBTORS-IN-POSSESSION
INCOME STATEMENT
(US $ IN 000s)
FOR THE MONTH ENDED
AUGUST 29, 2003

                        SPRINGFIELD                        INVERNESS                                            NON -
                           IRON           PRIMECAST        CASTINGS        ACC GLOBAL        CLAREMONT         DEBTOR
                        CORPORATION     INCORPORATED      GROUP, INC.      CORPORATION     FOUNDRY, INC.    SUBSIDIARIES     ELIMINATIONS     CONSOLIDATED
                       --------------   --------------   --------------   --------------   --------------   --------------   --------------   -------------

SALES                             $0               $0           $3,078             ($16)              $0           $2,811             ($41)         $13,412

COST OF SALES:
    MATERIAL                       0                0           (1,286)               0                0             (847)               0           (4,071)
    LABOR                          0                0              (99)               0                0             (317)               0           (1,330)
    BURDEN                         0                0           (1,483)              12                0           (1,726)              41           (7,629)
                       --------------   --------------   --------------   --------------   --------------   --------------   --------------   --------------
TOTAL STANDARD
   COST OF SALES                   0                0           (2,868)              12                0           (2,890)              41          (13,030)

                       --------------   --------------   --------------   --------------   --------------   --------------   --------------   --------------
STANDARD GROSS
   MARGIN                          0                0              210               (4)               0              (79)               0              382

MANUFACTURING VARIANCE             0                0               (4)               0                0                0                0             (454)
                       --------------   --------------   --------------   --------------   --------------   --------------   --------------   --------------
TOTAL COST OF SALES                0                0           (2,872)              12                0           (2,890)              41          (13,484)

GROSS PROFIT (LOSS)                0                0              206               (4)               0              (79)               0              (72)

GENERAL & ADMINISTRATIVE           0                0           (1,595)              (9)               0             (125)               0           (3,562)
SALES & MARKETING                  0                0              (58)               0                0             (101)               0             (252)
NEW PRODUCT DEVELOPMENT            0                0                0                0                0                0                0               -
AMORTIZATION OF
   INTANGIBLES                     0                0                0                0                0                0                0               -
                       --------------   --------------   --------------   --------------   --------------   --------------   --------------   --------------

NET OPERATING PROFIT (LOSS)        0                0           (1,447)             (13)               0             (305)               0           (3,886)
OTHER INCOME (EXPENSE)             0                0                0                0                0              (29)               0          (46,953)
                       --------------   --------------   --------------   --------------   --------------   --------------   --------------   --------------

EARNINGS BEFORE INTEREST
   AND TAXES                       0                0           (1,447)             (13)               0             (334)               0          (50,839)
INTEREST EXPENSE -
   DEFERRED FINANCING              0                0                0                0                0                0                0                -
INTEREST EXPENSE                   0                0              (68)              (1)               0              (22)               0               (1)
MINORITY INTEREST                  0                0               28                0                0                0                0               13
                       --------------   --------------   --------------   --------------   --------------   --------------   --------------   --------------

NET INCOME (LOSS)
   BEFORE TAX                      0                0           (1,487)             (14)               0             (356)               0          (50,827)
PROVISION FOR
   INCOME TAX                      0                0              579                0                0              119                0               57
                       --------------   --------------   --------------   --------------   --------------   --------------   --------------   --------------

NET INCOME (LOSS)                 $0               $0            ($908)            ($14)              $0            ($237)              $0         ($50,770)
                       ==============   ==============   ==============   ==============   ==============   ==============   ==============   ==============