/raid1/www/Hosts/bankrupt/TCR

/raid1/www/Hosts/bankrupt/TCR_Public/051119.mbx T R O U B L E D C O M P A N Y R E P O R T E R Saturday, November 19, 2005, Vol. 9, No. 275 Headlines ALLIED HOLDINGS: Posts $4.1 Million Net Loss in September 2005 ALLIED HOLDINGS: CT Services Inc.'s Schedules of Assets and Debts ALLIED HOLDINGS: F.J. Boutell's Schedules of Assets and Debts ALLIED HOLDINGS: GACS Inc.'s Schedules of Assets and Liabilities ALLIED HOLDINGS: QAT Inc.'s Schedules of Assets and Liabilities ALLIED HOLDINGS: Terminal Services' Schedules of Assets and Debts ALLIED HOLDINGS: Transport Support's Schedules of Assets & Debts CATHOLIC CHURCH: Tucson's September 2005 Monthly Operating Report ENTERGY NEW ORLEANS: Posts $424,000 Net Loss in September 2005 ENTERGY NEW ORLEANS: Files Schedules of Assets and Liabilities FGI GROUP: Files Monthly Operating Report for October 2005 FOOTSTAR INC: Posts $7.1 Million Net Loss for Period Ended Oct. 1 KAISER ALUMINUM: Earns $5.4 Million for the Month Ending Sept. 30 SOLUTIA INC: Files Amended Monthly Operating Report for September TERAFORCE TECH: Posts $243,379 Net Loss in September 2005 TOWER AUTOMOTIVE: Posts $16 Million Net Loss in September 2005 TRIGEM COMPUTER: Balance Sheet as of September 2004 USG CORP: Earns $53.3 Million of Net Income in September 2005 XYBERNAUT CORP: Posts $527,692 Net Loss in September 2005 ********* ALLIED HOLDINGS: Posts $4.1 Million Net Loss in September 2005 -------------------------------------------------------------- Allied Holdings, Inc., and its Debtor Subsidiaries Unaudited Consolidated Balance Sheet As of September 30, 2005 (In Thousands) Assets Current Assets: Cash and cash equivalents $1,232 Receivables, net 53,474 Related party receivables 12,058 Inventories 5,041 Deferred income taxes 4,021 Prepayments and other current assets 22,075 --------- Total current assets 97,901 Property and equipment, net 121,821 Goodwill, net 3,938 Other noncurrent assets 36,454 Investment in related parties 31,488 --------- TOTAL ASSETS $291,602 ========= Liabilities and Stockholders' Deficit Current liabilities not subject to compromise: Borrowings under revolving credit 41,517 Accounts and notes payable 16,815 Accrued liabilities 54,626 --------- Total current liabilities 112,958 Long-term liabilities not subject to compromise: Long-term debt 100,000 Postretirement benefits 4,763 Deferred income taxes 3,989 Other long-term liabilities 21,704 --------- Total long-term liabilities 130,456 Liabilities subject to compromise 186,329 Stockholders' Deficit (138,141) --------- Total liabilities and stockholders' deficit $291,602 ========= Allied Holdings, Inc., and its Debtor Subsidiaries Unaudited Consolidated Statement of Operations For the Month Ended September 30, 2005 (In Thousands) Revenues $77,625 Operating Expenses: Salaries, wages 42,493 Operating supplies and expenses 16,272 Purchased transportation 9,896 Insurance and claims 3,594 Operating taxes and licenses 2,567 Depreciation and amortization 2,193 Rents 555 Communications and utilities 415 Other operating expenses 659 Gain on disposal of operating assets, net (31) --------- Total operating expenses 78,613 --------- Operating (loss) income (988) Other income (expense): Interest expense (2,389) Investment income 8 Foreign exchange gain, net 662 --------- (1,719) --------- (Loss) Income before reorganization item and income taxes (2,707) Reorganization items (1,383) --------- Loss before income taxes (4,090) Income tax expense (19) --------- NET LOSS ($4,109) ========= The Debtors report that certain operating expense categories in the statement of operations for the month ended August 31, 2005, have been reclassified to conform to the classification and presentation in the statement of operations for the month ended September 30, 2005. Headquartered in Decatur, Georgia, Allied Holdings, Inc. -- http://www.alliedholdings.com/-- and its affiliates provide short-haul services for original equipment manufacturers and provide logistical services. The Company and 22 of its affiliates filed for chapter 11 protection on July 31, 2005 (Bankr. N.D. Ga. Case No. 05-12515). Jeffrey W. Kelley, Esq., at Troutman Sanders, LLP, represents the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they estimated more than $100 million in assets and debts. (Allied Holdings Bankruptcy News, Issue No. 11; Bankruptcy Creditors' Service, Inc., 215/945-7000) ALLIED HOLDINGS: CT Services Inc.'s Schedules of Assets and Debts ----------------------------------------------------------------- A. Real Property $0 B. Personal Property B.2 Bank accounts 49,475 B.15 Accounts receivable 2,978,589 B.17 Other liquidated debts owed Alabama Corp. Franchise Tax Prepayment 110 Colorado Corp. Franchise Tax Prepayment 1,586 Florida Corp. Franchise Tax Prepayment 5,900 Georgia Corp. Franchise Tax Prepayment 1,500 Illinois Corp. Franchise Tax Prepayment 1,011 Louisiana Corp. Franchise Tax Prepayment 4,399 Maryland Corp. Franchise Tax Prepayment 6,338 Massachusetts Corp. Franchise Tax Prepayment 997 Michigan Single Business Tax Prepayment 15,085 New Jersey Corp. Franchise Tax Prepayment 17,400 New Mexico Corp. Franchise Tax Prepayment 50 Ohio Corporate Franchise Tax Prepayment 4,878 Texas Corporate Franchise Tax Prepayment 300 B.23 Automobiles 172,040 B.26 Office equipment and supplies 315,882 B.33 Other personal property Software 5,413 Intercompany receivables 4,942,149 Leasehold Improvements 90,753 TOTAL SCHEDULED ASSETS $8,613,855 =========== C. Property Claimed as Exempt $0 D. Secured Claim 0 E. Unsecured priority claims Rick Wiley 11,460 Marty Biegler 4,500 Florida Dept. of Labor 5,158 Internal Revenue Service, Texas 3,941 Michigan Department of State 3,930 Michigan Dept. of Treasury 5,608 Washington State Dept. of Revenue 2,065 Virginia Dept. of Taxation 2,955 State of New Jersey 2,290 Treasurer of State of Ohio 2,021 Others 25,572 F. Unsecured non-priority claims 20 Oak Hollow Ltd., Partnership 28,716 Auction Transport of N.Y., Inc. 12,380 Axis Group, Inc. 822,236 Axis North America 32,168 Country Service, Inc. 18,955 Daimler Chrysler Motors 15,529 Delaware Otsego Corp., NYS & W 32,841 Elan Financial Services 50,000 Florida East Coast Railway Co. 31,757 Ford Motor Credit Co. - Michigan 24,721 Green's Auto Transport 14,620 Hertz Corporation 22,266 KIA Motors of America 30,000 Michigan Department of Treasury 14,000 Miles & Miles Auto Transport 19,453 MMA Service Corp. 10,417 Nusoft Solutions 78,981 Rita P. Hutchinson 10,866 Shamrock Auto Transport, Inc. 12,349 Terminal Services, LLC 12,989 Others 126,205 TOTAL SCHEDULED LIABILITIES $1,490,947 =========== Headquartered in Decatur, Georgia, Allied Holdings, Inc. -- http://www.alliedholdings.com/-- and its affiliates provide short-haul services for original equipment manufacturers and provide logistical services. The Company and 22 of its affiliates filed for chapter 11 protection on July 31, 2005 (Bankr. N.D. Ga. Case No. 05-12515). Jeffrey W. Kelley, Esq., at Troutman Sanders, LLP, represents the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they estimated more than $100 million in assets and debts. (Allied Holdings Bankruptcy News, Issue No. 11; Bankruptcy Creditors' Service, Inc., 215/945-7000) ALLIED HOLDINGS: F.J. Boutell's Schedules of Assets and Debts ------------------------------------------------------------- A. Real Property $0 B. Personal Property B.2 Bank accounts $9,263 B.15 Accounts receivable 1,452,939 B.17 Other liquidated debts owed 30 B.23 Automobiles 55,300 B.33 Other personal property 213,759 TOTAL SCHEDULED ASSETS $1,731,291 =========== C. Property Claimed as Exempt $0 D. Secured Claim 0 E. Unsecured priority claims Kentucky State Treasurer 30 South Carolina Dept. of Revenue 25 F. Unsecured non-priority claims Allied Holdings, Inc. 15,562,441 Allied Systems, Ltd. 68,285 Secretary of State Rhode Island 50 Indiana Secretary of State 120 Ford Motor Company 7,107 TOTAL SCHEDULED LIABILITIES $15,638,058 ============ Headquartered in Decatur, Georgia, Allied Holdings, Inc. -- http://www.alliedholdings.com/-- and its affiliates provide short-haul services for original equipment manufacturers and provide logistical services. The Company and 22 of its affiliates filed for chapter 11 protection on July 31, 2005 (Bankr. N.D. Ga. Case No. 05-12515). Jeffrey W. Kelley, Esq., at Troutman Sanders, LLP, represents the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they estimated more than $100 million in assets and debts. (Allied Holdings Bankruptcy News, Issue No. 11; Bankruptcy Creditors' Service, Inc., 215/945-7000) ALLIED HOLDINGS: GACS Inc.'s Schedules of Assets and Liabilities ---------------------------------------------------------------- A. Real Property $0 B. Personal Property B.12 Stock interests 916,013 B.17 Other liquidated debts owed 10 B.33 Other personal property 115,295 TOTAL SCHEDULED ASSETS $1,031,318 =========== C. Property Claimed as Exempt $0 D. Secured Claim 0 E. Unsecured priority claims F. Unsecured non-priority claims 250,002 TOTAL SCHEDULED LIABILITIES $250,002 ========= Headquartered in Decatur, Georgia, Allied Holdings, Inc. -- http://www.alliedholdings.com/-- and its affiliates provide short-haul services for original equipment manufacturers and provide logistical services. The Company and 22 of its affiliates filed for chapter 11 protection on July 31, 2005 (Bankr. N.D. Ga. Case No. 05-12515). Jeffrey W. Kelley, Esq., at Troutman Sanders, LLP, represents the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they estimated more than $100 million in assets and debts. (Allied Holdings Bankruptcy News, Issue No. 11; Bankruptcy Creditors' Service, Inc., 215/945-7000) ALLIED HOLDINGS: QAT Inc.'s Schedules of Assets and Liabilities --------------------------------------------------------------- A. Real Property $0 B. Personal Property B.3 Security Deposits 3,300 B.17 Other liquidated debts owed Georgia Corporate Franchise Tax Prepayment 822 Louisiana Corporate Franchise Tax Prepayment 20 Michigan Single Business Tax Prepayment 30,125 Ohio Corporate Franchise Tax Prepayment 2,468 Massachusetts Corp. Franchise Tax Prepayment 8,415 Tennessee Corporate Franchise Tax Prepayment 5,839 South Carolina Corp. Franchise Tax Prepayment 55 Virginia Corporate Franchise Tax Prepayment 5,636 Wisconsin Corporate Franchise Tax Prepayment 210 B.23 Automobiles Trailers 146,000 Tractors 514,000 B.33 Other personal property Software -- Field Imaging Software 362 Data Processing Equipment 394 Intercompany Receivables 351,560 TOTAL SCHEDULED ASSETS $1,069,205 =========== C. Property Claimed as Exempt $0 D. Secured Claim 0 E. Unsecured priority claims State of Michigan Treasury Department 16,000 Louisiana Dept. of Revenue 14 Michigan Dept. of Treasury 355 New York State Corp. Tax 425 West Virginia State Tax 50 F. Unsecured non-priority claims Allied Automotive Group, Inc. 178,933 Allied Holdings, Inc. 813,148 Complete Personnel Logistics, Inc. 61,139 Complete Personnel Logistics, Inc. 101,306 Volvo Action Service 9,500 Others 23,395 TOTAL SCHEDULED LIABILITIES $1,204,265 =========== Headquartered in Decatur, Georgia, Allied Holdings, Inc. -- http://www.alliedholdings.com/-- and its affiliates provide short-haul services for original equipment manufacturers and provide logistical services. The Company and 22 of its affiliates filed for chapter 11 protection on July 31, 2005 (Bankr. N.D. Ga. Case No. 05-12515). Jeffrey W. Kelley, Esq., at Troutman Sanders, LLP, represents the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they estimated more than $100 million in assets and debts. (Allied Holdings Bankruptcy News, Issue No. 11; Bankruptcy Creditors' Service, Inc., 215/945-7000) ALLIED HOLDINGS: Terminal Services' Schedules of Assets and Debts ----------------------------------------------------------------- A. Real Property $0 B. Personal Property B.3 Security Deposits 108,576 B.15 Accounts receivable 627,323 B.23 Automobiles 17,315 B.26 Office equipment and supplies 9,065 B.27 Machinery, furniture and fixtures Shop equipment - Renton Washington 7,141 Parts and supplies 44,533 B.33 Other personal property Intercompany receivables 2,827,587 Leasehold improvements 58,463 TOTAL SCHEDULED ASSETS $3,700,003 =========== C. Property Claimed as Exempt $0 D. Secured Claim 0 E. Unsecured priority claims Employment Sec. Department 658 Employment Sec. Department 3,179 Internal Revenue Service 696 Internal Revenue Service 52 Utah Dept. of Workforce Services 246 Washington State Dept. of Revenue 1,570 Washington State Workers 12,485 Wisconsin Dept. of Revenue 272 F. Unsecured non-priority claims Allied Systems, Ltd 15,588 BNSF 7,230 Daimler Chrysler 11,088 Day Reliable 8,141 Hunt Enterprises 123,142 Platt Security Inc. 21,018 Union Pacific Railroad 27,102 Others 41,445 TOTAL SCHEDULED LIABILITIES $273,911 ========= Headquartered in Decatur, Georgia, Allied Holdings, Inc. -- http://www.alliedholdings.com/-- and its affiliates provide short-haul services for original equipment manufacturers and provide logistical services. The Company and 22 of its affiliates filed for chapter 11 protection on July 31, 2005 (Bankr. N.D. Ga. Case No. 05-12515). Jeffrey W. Kelley, Esq., at Troutman Sanders, LLP, represents the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they estimated more than $100 million in assets and debts. (Allied Holdings Bankruptcy News, Issue No. 11; Bankruptcy Creditors' Service, Inc., 215/945-7000) ALLIED HOLDINGS: Transport Support's Schedules of Assets & Debts ---------------------------------------------------------------- A. Real Property $0 B. Personal Property B.15 Accounts Receivable 1,366,271 B.17 Other liquidated debts owed Alabama Corporate Franchise Tax Prepayment 110 Georgia Corporate Franchise Tax Refund 80 New York Corporate Franchise Tax Refund 375 B.23 Vehicles 10,600 B.33 Other Personal Property Leasehold improvements 0 Software - Field Imaging Software 362 Data Processing Equipment 5,628 Intercompany Receivables 2,895,373 Prepayment 61,159 TOTAL SCHEDULED ASSETS $4,339,957 =========== C. Property Claimed as Exempt $0 D. Secured Claim 0 E. Unsecured Priority Claims Florida Department of Labor 12,021 Internal Revenue Service 78,625 Michigan Dept. of Treasury 11,748 Ohio Department of Taxation 10,189 State of Michigan 34,206 Others 41,338 F. Unsecured Non-priority Claims Allied Automotive Group 930,561 Allied Freight Broker 1,531,915 Allied Holdings, Inc. 31,133,885 Others 132,434 TOTAL SCHEDULED LIABILITIES $33,916,920 ============ Headquartered in Decatur, Georgia, Allied Holdings, Inc. -- http://www.alliedholdings.com/-- and its affiliates provide short-haul services for original equipment manufacturers and provide logistical services. The Company and 22 of its affiliates filed for chapter 11 protection on July 31, 2005 (Bankr. N.D. Ga. Case No. 05-12515). Jeffrey W. Kelley, Esq., at Troutman Sanders, LLP, represents the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they estimated more than $100 million in assets and debts. (Allied Holdings Bankruptcy News, Issue No. 11; Bankruptcy Creditors' Service, Inc., 215/945-7000) CATHOLIC CHURCH: Tucson's September 2005 Monthly Operating Report ----------------------------------------------------------------- The Roman Catholic Church of the Diocese of Tucson an Arizona Corporation Sole (Unaudited) Statement of Financial Condition As of September 30, 2005 ASSETS Total Diocese-Owned ----- ------------- Cash on hand $1,500 $1,500 Cash in Banks 3,857,885 3,379,228 Cash Equivalents 5,072,600 3,733,872 Accounts receivable, net 1,596,762 1,596,762 Allowance for doubtful accounts (1,224,906) (1,224,906) Grants receivable 182,500 182,500 Pledges receivable 6,000 6,000 A/R held in trust for others 63,782 0 Due from administered funds 148,490 148,490 Prepaid expenses & other assets 102,115 102,115 Investments in businesses 3,696,627 3,446,627 Corp. & Gov't. bond investments 250,000 200,000 Investment in BPIC 80,850 80,850 Notes receivable, net 2,058,547 282,105 Allowance for doubtful notes receivable (323,878) 0 Assets securing 2002 settlement 3,009,157 3,009,157 Construction in progress 48,867 48,867 Land, buildings, and equipment 223,281 223,281 Land held for future parish sites 0 0 -------------- -------------- $18,850,179 $15,216,448 ============== ============== LIABILITIES AND NET ASSETS Liabilities: Accounts payable - post 1,172,872 1,172,872 Accounts payable - pre 39,279 39,279 Accrued expenses - post 155,225 155,225 Accrued expenses - pre 157,682 157,682 Interfunds payable 148,490 0 Accrued insurance claims 261,704 261,704 Deferred revenue 0 0 Unsecured long-term debt - pre 2,061,455 2,061,455 Unsecured long-term debt - post 200,000 200,000 Unrestricted parish deposits 4,963,940 4,962,867 Restricted parish deposits 2,715,056 0 Secured long-term debt 2,720,027 2,720,027 Custodial funds 769,112 0 -------------- -------------- Total Liabilities 15,364,842 11,731,111 -------------- -------------- Net Assets: Unrestricted/temporarily restricted 1,576,449 1,576,449 Permanently restricted 1,908,888 1,908,888 -------------- -------------- Total liabilities & net assets $18,850,179 $15,216,448 ============== ============== The Roman Catholic Church of the Diocese of Tucson an Arizona Corporation Sole Statement of Operations and Charges in Net Assets September 1, 2005 through September 30, 2005 Revenues Contributions, grants and bequests $1,461,532 Chancery assessment 117,386 Priests salary subsidy 15,424 Fees for services 69,923 Advertising revenue 7,321 Retreat fees 21,250 Rental Income 3,261 Insurance 285,950 Investment Income 52,497 Gain/(loss) on assets sold (27,596) Miscellaneous 1,192 -------------- Total Support & Revenue 2,008,140 Expense Program Services: Archives 1,588 Catholic Commitments & Social Services 0 Evangelization & Hispanic Ministry 5,973 Catechesis Office 8,056 Formation Office 9,106 Department of Catholic Schools 57,708 Clergy, religious & seminarian advancement 157,502 Parish Assistance 27,253 Catholic Social Mission 4,332 Supporting Services: Office of Bishop Emeritus 5,959 Offices of the Bishop, et al. 26,736 Office of Women Religious 1,251 General & Administrative 57,021 Fiscal & Employee Services 42,803 Office of Child, Adolescent, et al. Protection 9,384 Communications & Community Relations 15,627 Property Management 12,313 Insurance Administration 35,073 Reorganization 2,552,759 Imputed interest on settlement 15,046 Provision for doubtful accounts 4,167 Depreciation 3,487 -------------- Total Expenses 3,053,144 -------------- Excess (deficiency) of revenues over expenses ($1,045,004) ============== The Roman Catholic Church of the Diocese of Tucson an Arizona Corporation Sole Current Month's Receipts and Disbursements September 1, 2005 through September 30, 2005 Cash and Bank Balance: Beginning of Month $5,585,230 Receipts Cash Sales 1,654,555 Accounts Receivable -- Prepetition 0 Accounts Receivable -- Postpetition 642,955 Interest 19,216 Sale of Assets 125,000 Insurance & Parish Contributions 16,900,000 Transfers in from other accounts 19,494,155 Other -- Custodial Funds 8 Other -- Payroll Reimbursements 0 Credit Adjustments 0 -------------- Total Receipts 38,835,888 Disbursements: Business -- Ordinary Operations 1,920,385 Capital Improvements 0 Prepetition Debt 0 Transfers to other DIP Accounts 19,494,155 Other -- Custodial Funds 4,051 Other -- TRF to Wells Fargo Investment 0 Other -- Payroll Reimbursement 0 Reorganization Expenses: Attorney Fees 264,127 Accountant Fees 7,805 Transfer to Settlement Pool 19,351,366 Other (Advertising) 0 U.S. Trustee Quarterly Fee 0 Court Costs 0 -------------- Total Disbursements 41,041,889 -------------- Cash & Bank Balance -- End of Month $3,379,228 ============== The Roman Catholic Church of the Diocese of Tucson filed for chapter 11 protection (Bankr. D. Ariz. Case No. 04-04721) on September 20, 2004, and delivered a plan of reorganization to the Court on the same day. Susan G. Boswell, Esq., Kasey C. Nye, Esq., at Quarles & Brady Streich Lang LLP, represent the Tucson Diocese. (Catholic Church Bankruptcy News, Issue No. 46 Bankruptcy Creditors' Service, Inc., 215/945-7000) ENTERGY NEW ORLEANS: Posts $424,000 Net Loss in September 2005 -------------------------------------------------------------- Entergy New Orleans, Inc. Balance Sheet As of September 30, 2005 (in thousands) ASSETS Current Assets: Cash and cash equivalents Cash $46,686 Temporary cash investments - ----------- Total cash and cash equivalents 46,686 Accounts receivable Customer 74,165 Allowance for doubtful accounts (18,621) Associated companies 6,864 Other 7,683 Accrued unbilled revenues 48,626 ----------- Total accounts receivable 118,717 Deferred fuel costs 41,257 Fuel inventory - at average cost 6,997 Materials and supplies 9,322 Prepayments and other 21,249 ----------- Total current assets 24,4228 Other Property and Investments Investment in affiliates - at equity 3,259 Non-utility property at cost, net 1,107 ----------- Total other property and investments 4,366 Utility Plant Electric 696,538 Natural gas 195,779 Construction work in progress 207,754 ----------- Total Utility Plant 1,100,071 Less - accumulated depreciation and amortization 434,471 ----------- Utility plant - net 665,600 Deferred Debits and Other Assets Regulatory assets 135,592 Long term receivables 1,812 Other 20,621 ----------- Total deferred debits and other assets 158,025 ----------- TOTAL ASSETS $1,072,219 =========== LIABILITIES Current Liabilities: Currently Maturing long-term debt - DIP credit facility $60,000 Notes payable 15,000 Accounts payable: Associated companies - Other 259,267 Customer deposits 18,379 Taxes accrued - Accumulated deferred income taxes 14,128 Interest accrued 816 Energy Efficiency Program provision 6,871 Other 1,889 ----------- Total current liabilities not subject to compromise 376,350 Non-current Liabilities: Accumulated deferred income taxes & taxes accrued 77,699 Accumulated deferred investment tax credits 3,676 SFAS 109 regulatory liability - net 45,128 Other regulatory liabilities 12,253 Accumulated provisions 2,119 Pension liability 26,151 Long-term debt - Other 4,326 ----------- Total non-current liabilities not subject to compromise 171,352 Liabilities subject to compromise 335,530 ----------- Total Liabilities 883,232 Commitments and Contingencies: SHAREHOLDERS' EQUITY Preferred stock without sinking fund 19,780 Common stock, $4 par value, authorized 10,000,000 shares; issued and outstanding 8,435,900 shares in 2005 and 2004 33,744 Paid-in capital 36,294 Retained earnings 99,169 ----------- Total shareholders equity 188,987 ----------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $1,072,219 =========== Entergy New Orleans, Inc. Statement of Operations September 23 to 30, 2005 (in thousands) Operating revenues: Domestic electric $6,029 Natural gas 724 ----------- Total operating revenues 6,753 Operating Expenses: Operation and maintenance Fuel 378 Purchased power 4,547 Other operation and maintenance 1,335 Taxes other than income taxes 471 Depreciation and amortization 760 Other regulatory charges (credits) - net 19 ----------- Total operating expenses 7,510 ----------- Operating Income (757) Other income: Allowance for equity funds used during construction 25 Interest and dividend income 69 Miscellaneous - net (11) ----------- Total other income 83 Interest and other charges: Interest on long-term debt 287 Other interest-net 80 Allowance for borrowed funds used during construction (19) ----------- Total 348 ----------- Loss before income taxes (1,022) Income taxes (598) ----------- Net loss ($424) =========== Entergy New Orleans, Inc. Cash Receipts and Disbursements Statement September 23 to 30, 2005 (in thousands) Cash receipts $63,097,167 Cash disbursements (31,966,385) ----------- Net cash flow 31,130,782 ----------- Ending cash balance $46,685,605 =========== The Debtor discloses that the Cash Disbursement has been adjusted. The amount is now $31,130,782, less inter-account transfers and fees paid to the United States Trustee. Headquartered in Baton Rouge, Louisiana, Entergy New Orleans Inc. -- http://www.entergy-neworleans.com/-- is a wholly owned subsidiary of Entergy Corporation. Entergy New Orleans provides electric and natural gas service to approximately 190,000 electric and 147,000 gas customers within the city of New Orleans. Entergy New Orleans is the smallest of Entergy Corporation's five utility companies and represents about 7% of the consolidated revenues and 3% of its consolidated earnings in 2004. Neither Entergy Corporation nor any of Entergy's other utility and non-utility subsidiaries were included in Entergy New Orleans' bankruptcy filing. Entergy New Orleans filed for chapter 11 protection on Sept. 23, 2005 (Bankr. E.D. La. Case No. 05-17697). Elizabeth J. Futrell, Esq., and R. Partick Vance, Esq., at Jones, Walker, Waechter, Poitevent, Carrere & Denegre, L.L.P., represent the Debtor in its restructuring efforts. When the Debtor filed for protection from its creditors, it listed total assets of $703,197,000 and total debts of $610,421,000. (Entergy New Orleans Bankruptcy News, Issue No. 5; Bankruptcy Creditors' Service, Inc., 215/945-7000) ENTERGY NEW ORLEANS: Files Schedules of Assets and Liabilities -------------------------------------------------------------- A. Real Property $0 B. Personal Property B.1 Cash on hand Deposit - Row Transmission 10,000 Working Funds 3,935 B.2 Bank Accounts Hibernia National Bank (No. 01701521) 13,628,179 Hibernia National Bank (No. 81233818) 1,728,397 Hibernia National Bank (No. 882390594) 218,500 Hibernia National Bank (No. 812382799) 910 Hibernia National Bank (No. 800105803) 102,473 Liberty Bank & Trust New Orleans 100,000 B.3 Security Deposits 405,432 B.4 Household goods 0 B.5 Collectibles 0 B.6 Wearing apparel 0 B.7 Furs and jewelry 0 B.8 Firearms and sporting goods 0 B.9 Interests in Insurance Policies 1,570,730 B.10 Annuities 0 B.11 Interests in retirement plans 0 B.12 Stock interests 2,600 B.13 Interests in partnerships or joint venture 0 B.14 Government and Corporate Bonds 0 B.15 Accounts Receivable Residential customers 32,594,214 Commercial customers 17,846,782 Industrial customers 3,625,812 Government customers 9,479,424 Miscellaneous customers 10,618,672 Notes receivable -- System Fuels 3,526,000 Entergy Gulf States 542,743 Entergy Louisiana 1,559,503 Entergy Mississippi 271 Entergy Services 2,246,754 System Fuels 84,610 Entergy Technology Company 3,555 B.16 Alimony 0 B.17 Other liquidated debts owed N.A. B.18 Equitable and future interests N.A. B.19 Contingent interests N.A. B.20 Other Contingent & Unliquidated Claims ELI and ENOI v. Greenwich Insurance Co. 31,404 ENOI v. Cox Communications New Orleans 2,000,000 ELI and ENOI v. American Motorists Ins. unknown Insurance claims (Hurricane Katrina) unknown B.21 Intellectual Property 0 B.22 General Intangibles 0 B.23 Vehicles 1,768,573 B.24 Boats, motors and accessories 0 B.25 Aircraft and accessories 0 B.26 Office Equipment Office furniture and equipment 962,920 Office furniture -- Gas Plant 116,941 Information Systems Gas Plant 971,938 Information Systems 8,016,610 Data handling equipment 73,133 Data handling equipment-Gas Plant 50,045 Common Equipment -- Gas Plant 447,738 Miscellaneous Common Equipment 656,798 Miscellaneous Equipment 317,474 Miscellaneous Equip. -- Gas Plant 29,755 5Yr. Life - Intangibles 13,236,788 10Yr. Life - Intangibles 3,008,758 15Yr. Life - Intangibles 11,693,444 5Yr. Life - Intangibles 12,239,101 B.27 Machinery Stores equipment 8,864 Stores equipment -- Gas Plant 70,747 Tools, shop & garage equipment 1,647,221 Tools, shop & garage equip. -- Gas 913,951 Laboratory Equipment 588,531 Lab. Equipment -- Gas Plant 24,377 Common & Microwave Equipment 750,456 B.28 Inventory InveMaterials and supplies 9,321,721 InveGas stored underground 6,997,217 B.29 Animals 0 B.30 Crops 0 B.31 Farming equipment 0 B.32 Farm supplies 0 B.33 Other Personal Property Prepaid taxes 3,416,526 Prepaid dues to Edison Elec. Inst. 18,190 Interest and dividends receivable 4,260 Asset from risk management 8,748,615 Deferred Fuel 41,256,566 Accrued unbilled revenues 48,626,348 TOTAL SCHEDULED ASSETS $277,914,506 ============= C. Property Claimed as Exempt Not Applicable D. Secured Claim Hibernia National Bank 15,000,000 The Bank of New York 25,000,000 The Bank of New York 30,000,000 The Bank of New York 70,000,000 The Bank of New York 30,000,000 The Bank of New York 40,000,000 The Bank of New York 35,000,000 E. Unsecured Priority Claims Employee payroll 3,194,253 Aetna Health Plan 382,040 Entergy Corp.'s Qualified Savings 25,662 MetLife Institutional Group 19,426 MetLife Institutional Group 19,372 UNUM Provident 25,513 State of Louisiana, Dept. of Rev. 2,004,409 Others 7,193 F. Unsecured Non-priority Claims ABC Professional Tree 389,299 ACCU Read Services 222,000 AEP Energy Services, Inc. 282,576 Air 2 LLC 586,819 Ameren Corporation 744,960 Apache Corp. 457,394 Asplundh Construction Corp. 1,635,939 Asplundh Tree Expert, Co. 1,921,562 Atmos Energy Marketing, LLC 19,458,006 Baker Donelson 250,120 Base Logistics, LLC 640,628 Baton Rouge Marriott 219,136 Boh Bros. Construction Co., LLC 454,951 Bridgeline Gas Marketing, LLC 12,647,895 Bridgeline Holdings, LP 214,000 Citi Capital Bankers Leasing 684,251 Cooper Power Systems, Inc. 488,836 Coral Energy, LP 1,856,825 Coral Power, LLC 788,737 Crescent Construction, Co. 220,141 Enbridge Marketing US, LP 871,735 Entergy Arkansas, Inc. 4,496,719 Entergy Corp. 1,368,000 Entergy Gulf States, Inc. 6,347,272 Entergy LA 1,361,425 Entergy Power, Inc. 1,206,624 Entergy Services, Inc. 12,476,457 EWO Marketing, LP 4,455,519 Exelon Generation Co., LLC 344,458 Family RV Center 219,108 Fisher Controls Int'l., Inc. 1,122,856 Gainesville Regional Utilities 234,000 General Electric 210,691 General Electric Energy Services 508,549 General Electric Int'l., Inc. 510,544 Highlines Construction Co., Inc. 1,021,240 Hyatt Regency 284,888 Infrasource 250,000 Itron 530,000 JF Electric, Inc. 543,552 John H. Carter, Co., Inc. 478,632 Magnus Energy Marketing, LTD 2,226,291 Mastec 322,022 Mercury Instruments, Inc. 220,429 Nelson Tree Service, Inc. 5,000,000 NRG Power Marketing, Inc. 3,432,780 S&C Electric 300,000 Science Applications Int'l. Corp. 253,162 Signature Special Event 972,976 Stone Ward 540,000 Suez Energy Marketing NA, Inc. 430,673 System Energy Resources, Inc. 6,174,219 Texas Gas Service 263,000 The Cincinatti Gas & Electric 528,768 Union Power Partners, LP 252,134 Utility Lines Construction 537,249 Western Gas Resources, Inc. 4,146,326 Others 8,063,158 TOTAL SCHEDULED LIABILITIES $367,347,399 ============= Headquartered in Baton Rouge, Louisiana, Entergy New Orleans Inc. -- http://www.entergy-neworleans.com/-- is a wholly owned subsidiary of Entergy Corporation. Entergy New Orleans provides electric and natural gas service to approximately 190,000 electric and 147,000 gas customers within the city of New Orleans. Entergy New Orleans is the smallest of Entergy Corporation's five utility companies and represents about 7% of the consolidated revenues and 3% of its consolidated earnings in 2004. Neither Entergy Corporation nor any of Entergy's other utility and non-utility subsidiaries were included in Entergy New Orleans' bankruptcy filing. Entergy New Orleans filed for chapter 11 protection on Sept. 23, 2005 (Bankr. E.D. La. Case No. 05-17697). Elizabeth J. Futrell, Esq., and R. Partick Vance, Esq., at Jones, Walker, Waechter, Poitevent, Carrere & Denegre, L.L.P., represent the Debtor in its restructuring efforts. When the Debtor filed for protection from its creditors, it listed total assets of $703,197,000 and total debts of $610,421,000. (Entergy New Orleans Bankruptcy News, Issue No. 5; Bankruptcy Creditors' Service, Inc., 215/945-7000) FGI GROUP: Files Monthly Operating Report for October 2005 ---------------------------------------------------------- On Nov. 15, 2005, FGI Group Inc., filed a monthly operating report for Florsheim Group, Inc., et al., and its debtor-affiliates covering the period from Oct. 1 to Oct. 31, 2005, with the United States Bankruptcy Court for the Northern District of Illinois, Eastern Division. FGI Group reports a $1,070,360 cash balance at Oct. 31, 2005, and provides a summary of cash accounts; receipts listings; disbursements listings; loan account; statement of aged receivables and accounts payable aging; tax questionnaire; and declaration. A full-text copy of FGI Group's October 2005 Monthly Operating Report is available at no charge at: http://ResearchArchives.com/t/s?2f5 Florsheim Group, Inc., filed for chapter 11 protection on March 4, 2002 (Bankr. N.D. Ill. Case No. 02-08209) to facilitate a sale of its U.S. wholesale business and 23 retail stores to its U.S. assets to the Weyco Group, Inc., for $45.6 million in cash, subject to post closing adjustment. FOOTSTAR INC: Posts $7.1 Million Net Loss for Period Ended Oct. 1 ----------------------------------------------------------------- On Nov. 10, 2005, Footstar, Inc., and its debtor-affiliates filed their monthly operating report for the period from Aug. 28, 2005, to Oct. 1, 2005, with the U.S. Bankruptcy Court for the Southern District of New York. The Debtors reported a $7,100,000 net loss on $56,300,000 of net sales for the period from Aug. 28, 2005, to Oct. 1, 2005. The Debtors also reported a cumulative net loss of $61,600,000 on $1,203,700,000 of net sales from March 3, 2004, through Oct. 1, 2005. At Oct. 1, 2005, Footstar, Inc.'s consolidated balance sheet showed: Total Current Assets $308,500,000 Total Assets 351,300,000 Current Liabilities Subject to Compromise 150,000,000 Total Liabilities 307,700,000 Total Shareholders' Equity $43,600,000 A full-text copy of Footstar, Inc.'s Monthly Operating Report for the period from Aug. 28, 2005, to Oct. 1, 2005, is available at no charge at http://ResearchArchives.com/t/s?2df Headquartered in West Nyack, New York, Footstar Inc., retails family and athletic footwear. As of August 28, 2004, the Company operated 2,373 Meldisco licensed footwear departments nationwide in Kmart, Rite Aid and Federated Department Stores. The Company also distributes its own Thom McAn brand of quality leather footwear through Kmart, Wal-Mart and Shoe Zone stores. The Company and its debtor-affiliates filed for chapter 11 protection on March 3, 2004 (Bankr. S.D.N.Y. Case No. 04-22350). Paul M. Basta, Esq., at Weil Gotshal & Manges represents the Debtors in their restructuring efforts. When the Debtor filed for chapter 11 protection, it listed $762,500,000 in total assets and $302,200,000 in total debts. KAISER ALUMINUM: Earns $5.4 Million for the Month Ending Sept. 30 ----------------------------------------------------------------- Kaiser Aluminum Corporation -- All Debtors Unaudited Statements of Operations For the Month Ending September 30, 2005 (In Thousands) Net Sales $92,937 Costs and expenses: Cost of products sold 78,421 Depreciation & amortization 1,643 Selling, administrative, R&D and general 7,380 Other operating charges (benefits), net (1,438) --------- Total costs and expenses 86,006 --------- Operating income (loss) 6,931 Other income (expense): Interest expenses, net (339) Reorganization items (1,458) Other-net (594) --------- Income (loss) before income taxes and minority interest 4,540 (Provision) benefit for income taxes 994 Minority interests - Equity in income (loss) of subsidiaries (134) --------- Net income (loss) $5,400 ========= Kaiser Aluminum Corporation -- All Debtors Schedule of Consolidated Cash Receipts and Disbursements For the Month Ending September 30, 2005 (In Thousands) Receipts: Trade Receivables KACC Receivables $61,534 KAII Receivables 24,317 --------- Total Trade Receivables 85,851 Proceeds from Asset Sales 853 Asbestos insurance recoveries - COBRA receipts 626 Proceeds from Hedging Settlement 291 --------- Total Receipts $87,621 Disbursements: Inventory/Raw Materials 35,321 Capital Expenditures 5,838 Domestic Income Tax Payment 6,375 Maintenance, Materials, etc. 3,496 Freight 5,251 Utilities/Energy 6,000 Hourly Payroll 7,444 Salaried Payroll 3,267 Hedging Activities 347 Pension Contributions - VEBA Advances 1,900 Medical - Current Employees 3,137 Workmen's Compensation 414 Corporate General and Administrative 3,870 JV Fundings - Primary, Net of Minority Interest 10,938 Other Disbursements 5,324 --------- Total Operating and G&A Disbursements 98,922 Reorganization Items 2,469 --------- Total Disbursements $101,391 --------- Net Cash Flow ($13,770) Beginning Bank Cash Balances 57,197 --------- Ending Bank Cash Balances 43,427 Reconciling Items 175 --------- Ending Book Cash Balances $43,602 ========= Kaiser Aluminum Corporation delivered an illegible copy of its unaudited balance sheet as of Sept. 30, 2005, to the Bankruptcy Court Clerk. Kaiser reports more than $2,000,000,000 in total assets, including more than $250,000,000 in cash, receivables and inventories, as of September 30, 2005. Kaiser posted almost $4,000,000,000 in total liabilities, including almost $200,000,000 in accounts payable and accrued wages and related expenses. A full-text copy of the Debtors' Monthly Operating Report for the period ending Sept. 30, 2005, is available for free at: http://ResearchArchives.com/t/s?300 Headquartered in Foothill Ranch, California, Kaiser Aluminum Corporation -- http://www.kaiseraluminum.com/-- is a leading producer of fabricated aluminum products for aerospace and high- strength, general engineering, automotive, and custom industrial applications. The Company filed for chapter 11 protection on February 12, 2002 (Bankr. Del. Case No. 02-10429), and has sold off a number of its commodity businesses during course of its cases. Corinne Ball, Esq., at Jones Day, represents the Debtors in their restructuring efforts. On June 30, 2004, the Debtors listed $1.619 billion in assets and $3.396 billion in debts. (Kaiser Bankruptcy News, Issue No. 82; Bankruptcy Creditors' Service, Inc., 215/945-7000) SOLUTIA INC: Files Amended Monthly Operating Report for September ----------------------------------------------------------------- Solutia Inc. and its debtor-affiliates' delivered to the U.S. Bankruptcy Court for the Southern District of New York an amended Monthly Operating Report for the month ended Sept. 30, 2005. The Debtors clarify that while every effort has been made to assure its accuracy and completeness, errors or omissions may have inadvertently occurred and they reserve the right to amend their MOR as necessary. Solutia Chapter 11 Debtors Unaudited Statement of Consolidated Financial Position As of September 30, 2005 Assets Current Assets: Cash $6,000,000 Trade Receivables, net 145,000,000 Account Receivables-Unconsolidated Subsidiaries 46,000,000 Inventories 148,000,000 Other Current Assets 57,000,000 -------------- Total Current Assets 402,000,000 Property, Plant and Equipment, net 672,000,000 Investments in Subsidiaries and Affiliates 543,000,000 Intangible Assets, net 100,000,000 Other Assets 82,000,000 -------------- TOTAL ASSETS $1,799,000,000 ============== Liabilities and Shareholders' Deficit Current Liabilities Accounts Payable $139,000,000 Short Term Debt 300,000,000 Other Current Liabilities 164,000,000 -------------- Total Current Liabilities 603,000,000 Other Long-Term Liabilities 201,000,000 -------------- Total Liabilities not Subject to Compromise 804,000,000 Liabilities Subject to Compromise 2,261,000,000 Shareholders' Deficit (1,266,000,000) -------------- TOTAL LIABILITIES & SHAREHOLDERS' DEFICIT $1,799,000,000 ============== Solutia Chapter 11 Debtors Unaudited Consolidated Statement of Operations For the Month Ended September 30, 2005 Total Net Sales $173,000,000 Total Cost Of Goods Sold 168,000,000 -------------- Gross Profit 5,000,000 Total MAT Expense 16,000,000 -------------- Operating Loss (11,000,000) Equity Earnings from Affiliates 4,000,000 Interest Expense, net (5,000,000) Other Income, net 3,000,000 Reorganization Items: Professional fees (4,000,000) Employee severance and retention costs (1,000,000) Adjustment to allowed claim amounts 1,000,000 Settlements of prepetition claims - Other (1,000,000) -------------- Total Reorganization Items (5,000,000) -------------- Loss Before Taxes (14,000,000) Income Taxes 1,000,000 -------------- Net Loss ($15,000,000) ============== Headquartered in St. Louis, Missouri, Solutia, Inc. -- http://www.solutia.com/-- with its subsidiaries, make and sell a variety of high-performance chemical-based materials used in a broad range of consumer and industrial applications. The Company filed for chapter 11 protection on December 17, 2003 (Bankr. S.D.N.Y. Case No. 03-17949). When the Debtors filed for protection from their creditors, they listed $2,854,000,000 in assets and $3,223,000,000 in debts. Solutia is represented by Richard M. Cieri, Esq., at Kirkland & Ellis. (Solutia Bankruptcy News, Issue No. 50; Bankruptcy Creditors' Service, Inc., 215/945-7000) TERAFORCE TECH: Posts $243,379 Net Loss in September 2005 --------------------------------------------------------- On Nov. 15, 2005, Teraforce Technology Corporation filed its monthly operating report for the month of September 2005 with the U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division. Subsequent to the sale of substantially all of the assets of its wholly-owned subsidiary, DNA Computing Solutions, Inc., on Sept. 7, 2005, the Company has had no significant operations. The company reported a $243,379 net loss on $0 of revenue for the month of September 2005. At Sept. 30, 2005, the Company's balance sheet reflects: Total Assets $127,665,176 Total Liabilities 10,772,073 Stockholders' Equity $116,893,103 A full-text copy of Teraforce Technology Corporation's September 2005 Monthly Operating Report is available at no charge at http://ResearchArchives.com/t/s?2fa The Company's affiliate, DNA Computing Solutions, Inc., also filed its monthly operating report for the months of August, September and October 2005 with the U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division. A full-text copy of DNA Computing Solutions, Inc.'s Monthly Operating Report for the months of August, September and October 2005 is available at no charge at http://ResearchArchives.com/t/s?2fc Headquartered in Fairfax, Virginia, Xybernaut Corporation, develops and markets small, wearable, mobile computing and communications devices and a variety of other innovative products and services all over the world. The corporation never turned a profit in its 15-year history. The Company and its affiliate, Xybernaut Solutions, Inc., filed for chapter 11 protection on July 25, 2005 (Bankr. E.D. Va. Case Nos. 05-12801 and 05-12802). John H. Maddock III, Esq., at McGuireWoods LLP, represents the Debtors in their chapter 11 proceedings. When the Debtors filed for protection from their creditors, they listed $40 million in total assets and $3.2 million in total debts. TOWER AUTOMOTIVE: Posts $16 Million Net Loss in September 2005 -------------------------------------------------------------- Tower Automotive, Inc., and Subsidiaries Unaudited Consolidated Balance Sheets As of September 30, 2005 (In Thousands) CURRENT ASSETS: Cash and cash equivalents $1,175 Accounts receivable, net 214,129 Inventories 73,312 Prepaid tooling and other 37,392 ---------- TOTAL CURRENT ASSETS 326,008 ---------- Property, plant and equipment, net 552,547 Investment in joint ventures - Investment in subsidiaries 346,782 Inter-company receivables 413,465 Other assets, net 67,818 ---------- TOTAL ASSETS $1,706,620 ========== CURRENT LIABILITIES NOT SUBJECT TO COMPRISE: Current maturities of long-term debt $14,257 Accounts payable 102,722 Accrued liabilities 155,473 ---------- TOTAL CURENT LIABILITIES 272,452 ---------- Liabilities subject to comprise 1,147,436 Non-Current Liabilities Not Subject to Compromise: Long-term debt, net of current maturities 43,771 DIP borrowings, net of current maturities 553,764 Other non-current liabilities 193,545 ---------- TOTAL LIABILITIES 2,210,968 STOCKHOLDERS' DEFICIT (504,348) ---------- TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $1,706,620 ========== Tower Automotive, Inc., and Subsidiaries Unaudited Statement of Operations As of September 30, 2005 (In Thousands) Revenues $160,768 Cost of sales 147,039 ---------- Gross profit 13,729 Selling, general and administrative expenses 6,543 Restructuring and asset impairment charges, net 17,720 ---------- Operating income (loss) (10,534) Interest expense 6,055 Interest income (1,780) Chapter 11 and related reorganization items 2,688 ---------- Income (loss) before provision for income taxes, equity earnings and minority interest (17,497) Provision (benefit) for income taxes (1,407) ---------- Income (loss) before equity in earnings (16,090) Equity in earnings of joint ventures, net of tax 38 ---------- NET INCOME/(LOSS) ($16,052) ========== Tower Automotive, Inc., and Subsidiaries Unaudited Statement of Cash Flows September 1 to 30, 2005 (In Thousands) OPERATING ACTIVITIES: Net loss ($16,052) Adjustments required to reconcile net loss to net cash provided by (used in) operating activities: Chapter 11 & related reorganization expenses 456 Restructuring and asset impairment, net 21,290 Depreciation 4,991 Equity in earnings of joint ventures, net (38) Change in working capital and operating items (15,735) ---------- Net cash used in operating activities (5,088) ---------- INVESTING ACTIVITIES: Capital expenditures (3,598) ---------- Net cash used in investing activities (3,598) ---------- FINANCING ACTIVITIES: Proceeds from prepetition borrowings - Repayments of prepetition borrowings - Borrowings from DIP credit facility 58,000 Repayments of borrowings from DIP credit facility (51,022) Net proceeds from issuance of common stock - ---------- Net cash provided by financing activities 6,978 ---------- Net Change in cash and cash equivalents (1,708) ---------- Cash and Cash Equivalents, beginning of period 2,883 Cash and Cash Equivalents, end of period $1,175 ========== Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc. -- http://www.towerautomotive.com/-- is a global designer and producer of vehicle structural components and assemblies used by every major automotive original equipment manufacturer, including BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan, Toyota, Volkswagen and Volvo. Products include body structures and assemblies, lower vehicle frames and structures, chassis modules and systems, and suspension components. The Company and 25 of its debtor-affiliates filed voluntary chapter 11 petitions on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through 05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq., Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet, Esq., at Kirkland & Ellis, LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $787,948,000 in total assets and $1,306,949,000 in total debts. (Tower Automotive Bankruptcy News, Issue No. 22; Bankruptcy Creditors' Service, Inc., 215/945-7000) TRIGEM COMPUTER: Balance Sheet as of September 2004 --------------------------------------------------- TRIGEM COMPUTER, INC. BALANCE SHEETS As of September 30, 2004 ASSETS Korean Won U.S. Dollars ---------- ----------- Current Assets Cash and cash equivalents 4,866,952,580 $4,239,875 Short-term financial instruments 47,195,776,718 41,114,885 Marketable securities 2,000,058,663 1,742,363 Trade accounts & notes receivable 435,210,907,584 79,136,604 Short-term loans 6,856,457,251 5,973,044 Uncollected balance 24,986,367,344 21,767,024 Accured income 2,101,470,622 1,830,709 Forward contract 75,927,641 66,145 Advance payments 746,194,725 650,052 Prepaid expenses 1,639,934,501 1,428,639 Prepaid taxes 439,046,552 382,478 Inventories 78,223,811,129 68,145,144 --------------- ------------ Total current assets 604,342,905,310 $526,476,963 Fixed Assets long-term financial instruments 9,612,000,000 8,373,552 Investment Securuties 139,332,455,512 121,380,308 Long-term other accounts receivable, net of discount 4,240,000,000 3,693,702 Guarantee deposits 19,834,897,418 17,279,290 Deferred income tax assets 41,675,113,406 36,305,526 Other assets 2,094,076,863 1,824,268 Property, plant and equipment, net of accumulated depreciation 97,503,423,996 84,940,695 Intangible assets 13,930,659,648 12,135,778 -------------- ------------ Total fixed assets 328,222,626,843 $285,933,119 ---------------- ------------ TOTAL ASSETS 932,565,532,153 $812,410,081 ================ ============ LIABILITIES AND SHAREHOLDERS' EQUITY Korean Won U.S. Dollars ---------- ----------- Current liabilities: Trade accounts & notes payables 513,193,072,093 447,071,236 Short-term borrowings 20,351,283,757 17,729,143 Accounts payable, other 124,223,966,150 108,218,456 Advance by customers 64,977,642 56,606 Deposits payable 875,503,255 762,700 Guarantee for deposits payable 6,590,906,148 5,741,708 Accrued expenses 9,478,393,968 8,257,160 Current maturities of long-term debt 10,360,226,815 9,025,374 Long-term borrowings by ABS 32,000,000,000 27,876,993 Current maturities of net of discounts on debentures 31,980,185,432 27,859,731 Forward exchange contracts 263,761,345 229,777 Deferred income 236,858,528 206,341 ---------------- ------------ Total current liabilities 749,619,135,133 $653,035,225 Fixed liabilities Convertible Bond, net 55,113,466,953 8,012,429 Long-term debt 19,040,084,480 6,586,884 Long-term debt by ABS 8,000,000,000 6,969,248 Provisions for product warranties and performance guarantees 8,120,722,292 7,074,416 Accured severance benefits, net 12,804,981,945 1,155,137 Reserve for contingent losses 600,000,000 522,694 ---------------- ------------ Total fixed liabilities 103,679,255,670 $90,320,808 ---------------- ----------- Total liabilities 853,298,390,803 $743,356,033 Shareholders' equity: Capital stock 151,152,240,000 $131,677,184 Common stock 151,152,240,000 131,677,184 Capital surplus 42,666,529 37,169 Deficit (46,632,931,513) (40,624,559) Capital adjustments: (25,294,833,666) (22,035,747) Treasury stocks (13,425,303,000) (11,695,534) Unrealized losses on valuation of investment securities by equity method (11,987,658,498) (10,443,121) Stock options 300,356,900 261,658 Overseas operations translation credit (182,229,068) (158,750) ---------------- ----------- Total shareholders' equity 79,267,141,350 $69,054,048 ---------------- ----------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 932,565,532,153 $812,410,081 ================ ============ As of Mar. 31, 2005, TriGem reported KRW872.3 billion in total assets and KRW774.6 billion in total liabilities, excluding guarantee liabilities. Including the guarantee liabilities, TriGem's total debts are estimated to be about KRW1.175 trillion. Headquartered in Ansan City, Kyunggi-Do, Korea, TriGem Computer Inc. -- http://www.trigem.com/-- manufactures desktop PCs, notebook PCs, LCD monitors, printers, scanners, other computer peripherals, and PIDs and supplies over four million PCs a year to clients all over the world. Il-Hwan Park, the Foreign Representative, filed a chapter 15 petition on Nov. 3, 2005 (Bankr. C.D. Calif. Case No. 05-50052). Charles D. Axelrod, Esq., at Stutman Treister & Glatt, P.C., represents the Foreign Representative in the United States. TriGem America Corporation, an affiliate of the Debtor, filed for chapter 11 protection on June 3, 2005 (Bankr. C.D. Calif. Case No. 05-13972). TriGem Texas, Inc., another affiliate of the Debtor, also filed for chapter 11 protection on June 8, 2005 (Bankr. C.D. Calif. Case No. 05-14047). (TriGem Bankruptcy News, Issue No. 1 Bankruptcy Creditors' Service, Inc., 215/945-7000) USG CORP: Earns $53.3 Million of Net Income in September 2005 ------------------------------------------------------------- USG Corporation, et al. Consolidated Balance Sheet 30-Sept-2005 __________________________ ____________ Assets: Cash and cash equivalents $660,311,000 Marketable Securities 158,270,000 Restricted Cash 72,898,000 Receivables 433,668,000 Inventories 276,336,000 Income taxes receivable 6,234,000 Other current assets 202,212,000 ------------- Total current assets 1,809,929,000 Property, plant and equipment, net 1,642,340,000 Marketable Securities 275,865,000 Deferred income taxes 214,932,000 Goodwill 84,124,000 Other assets 435,221,000 ------------- Total Assets $4,442,411,000 ============= Liabilities and Stockholders' Equity: Accounts payable $259,272,000 Accrued expenses 222,704,000 Deferred income taxes 25,629,000 Taxes on income 85,249,000 ------------- Total current liabilities 592,854,000 Other liabilities 424,709,000 Liabilities subject to compromise 2,243,286,000 Stockholders' Equity: Common stock 4,998,000 Treasury stock (223,121,000) Capital received in excess of par value 116,628,000 Accumulated other comprehensive income/(loss) 114,028,000 Retained earnings 1,169,029,000 ------------- Total stockholders' equity 1,181,562,000 ------------- Total Liabilities and Stockholders' Equity $4,442,411,000 ============= USG Corporation, et al. Month Ending Consolidated Income Statement 30-Sept-2005 __________________________ ____________ Net sales $410,164,000 Cost of products sold 330,242,000 Selling and administrative expenses 25,752,000 Chapter 11 reorganization expenses 7,207,000 Provision for restructuring expenses - Interest expense 311,000 Interest income (145,000) Other (income)/expense, net (296,000) ------------- Earnings/(loss) before income taxes 47,093,000 Income taxes (benefit) (6,221,000) ------------- Net Earnings/(loss) $53,314,000 ============= Headquartered in Chicago, Illinois, USG Corporation -- http://www.usg.com/-- through its subsidiaries, is a leading manufacturer and distributor of building materials producing a wide range of products for use in new residential, new nonresidential and repair and remodel construction, as well as products used in certain industrial processes. The Company filed for chapter 11 protection on June 25, 2001 (Bankr. Del. Case No. 01-02094). David G. Heiman, Esq., and Paul E. Harner, Esq., at Jones Day represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $3,252,000,000 in assets and $2,739,000,000 in debts. (USG Bankruptcy News, Issue No. 99; Bankruptcy Creditors' Service, Inc., 215/945-7000) XYBERNAUT CORP: Posts $527,692 Net Loss in September 2005 --------------------------------------------------------- On Nov. 16, 2005, Xybernaut Corporation filed its monthly operating report for the month of October 2005 with the U.S. Bankruptcy Court for the Eastern District of Virginia, Alexandria Division. The company reported a $527,692 net loss on $77,280 of revenue for the month of October 2005. At Oct. 31, 2005, the Company's balance sheet reflects: Total Assets $5,048,741 Total Liabilities 3,295,650 Stockholders' Equity $1,753,091 A full-text copy of Xybernaut Corporation's October 2005 Monthly Operating Report is available at no charge at http://ResearchArchives.com/t/s?2f6 The Company's affiliate, Xybernaut Solutions, Inc., also filed its monthly operating report for the month of October 2005 with the U.S. Bankruptcy Court for the Eastern District of Virginia. A full-text copy of Xybernaut Solution Inc.'s October 2005 Monthly Operating Report is available at no charge at http://ResearchArchives.com/t/s?2f8 Headquartered in Fairfax, Virginia, Xybernaut Corporation, develops and markets small, wearable, mobile computing and communications devices and a variety of other innovative products and services all over the world. The corporation never turned a profit in its 15-year history. The Company and its affiliate, Xybernaut Solutions, Inc., filed for chapter 11 protection on July 25, 2005 (Bankr. E.D. Va. Case Nos. 05-12801 and 05-12802). John H. Maddock III, Esq., at McGuireWoods LLP, represents the Debtors in their chapter 11 proceedings. When the Debtors filed for protection from their creditors, they listed $40 million in total assets and $3.2 million in total debts. ********* Monday's edition of the TCR delivers a list of indicative prices for bond issues that reportedly trade well below par. Prices are obtained by TCR editors from a variety of outside sources during the prior week we think are reliable. Those sources may not, however, be complete or accurate. The Monday Bond Pricing table is compiled on the Friday prior to publication. Prices reported are not intended to reflect actual trades. Prices for actual trades are probably different. Our objective is to share information, not make markets in publicly traded securities. 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Parcon, Rizande B. Delos Santos, Jazel P. Laureno, Cherry Soriano-Baaclo, Marjorie Sabijon, Terence Patrick F. Casquejo, Jason A. Nieva, Christian Q. Salta, Lucilo Junior M. Pinili, Tara Marie Martin, and Peter A. Chapman, Editors. Copyright 2005. All rights reserved. ISSN: 1520-9474. This material is copyrighted and any commercial use, resale or publication in any form (including e-mail forwarding, electronic re-mailing and photocopying) is strictly prohibited without prior written permission of the publishers. Information contained herein is obtained from sources believed to be reliable, but is not guaranteed. The TCR subscription rate is $675 for 6 months delivered via e- mail. Additional e-mail subscriptions for members of the same firm for the term of the initial subscription or balance thereof are $25 each. For subscription information, contact Christopher Beard at 240/629-3300. *** End of Transmission ***