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UNITED STATES BANKRUPTCY COURT

DISTRICT OF DELAWARE
In re Allied Systems Holdings. Incc:ol1_4

Case No. !2-!1564 (CSS) (lead Debtor)


Reporting Period 6/l 0/20 !2-6/30/20 12
Federal Tax I. D.# 58-0360550 (lead Debtor)

CORPORATE MONTfiLY OPERATING REPORT


File with Court and submit copy to United States TnL"tee within 20 days after end of month and submit a copy of the
report to any official cornrnittce appointed in the case.

REQUIRED DOCUMENTS

Form No.

X (See explanation
attached re: Status

I declare under penalty of perjury (28 U.S.C. Section !746) that this report and the attached documents are IJUe and
conect to the best of my knowledge and belief.

Sign5).ture ol'Debtor

Date
8/6/12
Date

3~Qtt

D. Macaulay

Printed Narne of Authorized Individual

SVP/CFO
Title of':-A""-utl-:-r-o-ri:-z-ed:-ch-rct"iv-,:c.d,-u-al,---

*Authorized individual must be an officer) director or shareholder if debtor is a corporation; a partner if debtor is a
pa1tnership; a manager or member if debtor is a limited liability company.

RLF I 6406390v.l

Allied Systems Holding, lnc.~t a/.


12-11564 (CSS)
Schedule of Cash ReceiptS and
Disbursements MOR-1
June 10. 2012through June 30, 2012

O<!btor#

Allied Systems
Ltd. LP
12-11565

AR Receipts
Non AR Receipts

8,594.897

Total Depostis

8,594,897

AP Disbursements
Net Payroll Disbursements

Allied Systems
(Canada)
Company
12-11773

Allied
Automotiw!
Group Inc
12-11768
$
$

'
'

6,591.113
136.586
6,727,699

6,597,068

3,691,139

2,813.126

2,242.312

225,947

Drafts

40.491.88

18.198.46

Total Disbursements

9,450,686

5,951,649

Axis Group Ax<s Canada CT Servlces


Company
12-11770
12-11783
12-11782

'"'

'"'

s 913.360
s

188,374

s 913,360

112,652

s 785.010
s

188.374

338,599

39.920

Cardin
Transport
12-11781

57.903

57,903

15,788

20.287

s 824.930

Tansport
Support LLC
12-11776

195.105

338,883

338,883

16,973

191,347

45.960

142.929

58,535

334.276

'
38,075

16,973

Terminal
Services LLC
12-11780

AP Dfsbursements include Payroll Ta~es, Utiltties. Insurance and Administrative amounts

490,159

104,495

'

195,105

7,959

773,263

5.313

155.882

$
490.159

Allied Systems
Holdings. Inc
12-11564

13.273

'

929.144

Logistic
Systems

LogistiC
Technology

Axfs Areta

LLC

LLC

LLC

12-11772

12-11771

F.J. Boutell
Driveaway

12-11774

GACS
Incorporated
12-11777

Commercial
Caniers Inc
12-11775

Allied
Freight
Broker
12-11769

QAT Inc
12-11779

RMX LLC
12-11778

LLC

Total

12-11767

48,661

'

48.661

16.755,895
324.960
17,081,855
12,710,345

'

5.704.250
58.690
18.473.285

Allied Systems Holdings, Inc., et al.


12-11564 (CSS)
MOR-1 (Cont'd)

Bank Reconciliations
The above-captioned debtor and its debtor subsidiaries (collectively, the "Debtors")
hereby submit this attestation regarding bank account reconciliations in lieu of providing
copies of bank statements and copies of all account reconciliations.
I attest that each of the Debtor's bank statements is reconciled to monthly bank
statements. The Debtors' standard practice is to ensure that each bank account is
reconciled to bank statements as received vvithin 30 days of receipt. For the main
operating accounts this is done on a monthly basis while some of the convenience
account statements are received on a quarterly basis. Due to the administrative burden
the Debtors are operating under during this first reporting period, the Debtors' bank
statements are yet to be reconciled for the period ending June 30 but will be reconciled
prior to when the Debtors' July 2012 reporting is due.

Scott D. Macaulay
Allied Systems Holdings, Inc.
SVP/CFO

RLF16406507v.l

August 6, 2012

MOR~ 1 a

Allied Systems Holdings, Inc.,


12~11564 (CSS)
MOR-1a
US Bank Accounts
As of6/3012012

eta/.

Consolidated
Totals
Balance Per Bank Stml.

00110/12

Deposits (see supp schedule}


Transfers (see Supp schedule}
Bank Debits (see supp. schedule}

3,428,340.99

DIP Loan Activity


Swing Line Activity {see Supp Schedule)
01100100

AS- Fidelity
Investment
# 80047063
15,000.00

AS~

Fidelity AH- Fidelity AH ~Fidelity AH ~Fidelity


Operating Uti!Mies Esc Prof Svcs
Petty Cash
#84603
#47745
#59328
#84530
0.00

24,510.66

0.00

0.00

AH-BofA

AH-BofA

AH-BofA

AA-BofA

AA-BofA

AAG-BofA

AAG~BofA

AP

PR

AH~Concentration

AP

PR

AP

5590056569

5590056577

5800299454

5590056627

5590056635

5590056585

PRCks
5990056601

5,000.00

10,000.00

504,500.70

10,000.00

15,000.00

5,000.00

150,000.00

AAG-BofA
PR-OD
5800299520
3,074.84

10,3'4,141 49

1.23

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

43,540.55

6.459.45

150,000.00

0.00

2,822,541.02

148,923.03

(2,154,535.85}

(21.00}

(43,540.55)

(264.59)

0.00

000

(2,822,541.02)

(153,923.03)

(17,691.90)

0.00

0.00

0.00

0.00

000

0.00

0.00

0.00

0.00

0.00
0.00

(12,458,145.42)

Overnight Invest Activity {see supp sch)

Balance Per Bank Stml.

US Bank Accounts June 30

0.00

0.00

0.00

0.00

0.00

0.00

0.00

1,135,157.60

239,429.45

4,953,763.44

731,186.60

2,247,728.44

{1,135,157.60}

(244,429.45)

(4,938,591.35}

(846,186.60)

(2,246,756.71)

0.00

0.00

0.00

5,000,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

5,000,000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

000

0.00

0.00

0.00

0.00

0.00

0.00

0.00

6,284,337.06

14,980.23

0.00

30,705.52

150,000.00

0.00

5,000.00

5,000.00

3,332,272.95

10,000.00

10,000.00

35,000.00

4,046.57

20,172.09

MOR-1a US Bank Accounts June 30

Allied Systems Holdings, Inc., eta/.

12-11564 (CSS)
MOR-Ia
US Bank Accounts
Afo of613012012

Balance Per Bank Simi.

AAG-BofA
Claims
5590056593
06/10/12

0.00

AAG-JPMC
GIL Lockbox
363653384
2,844.56

AAG-JPMC
AiR Lockbox
363653464

Axis- JPMC
Lockbox
363653534

Cordin-JPMC
Lockbox
363653794

Axis -JPMorgan AAG-JPMorgan AH-JPMorgan

Lockbo~

EFT

EFT

EFT

904123561

904123596

904123677

31,6n.97

39,270 78

1,705.00

223,104.59

590,864.59

8,312,181.80

(1,698.28)

{224,392.87)

(539,228.17)

(8,337,069.26)
(2,576.83)

Deposits {see supp schedule}

0.00

188,374.02

543,751.62

454,158.64

Transfers (see Supp schedule)

0.00

{190,137.23)

{538,871.13}

(492,796.79}

0.00

(6,464.79)

0.00

0.00

CT-JPMC
363653614

0.00

1,745.00

0.00

14,112.60

0.00

35,122.86

AH- SofA
United Health
9429019178

AH- SofA
Administar
5801012450

AH-Commerce
MO Treas Bond
880361019

Fidelrty
Axis ARETA
82538

Fidelity
Logistic Tech
81981

Fidelity
Logistic Sys
81191

1,000.00

301,410.07

551,442.48

100.00

100.00

100.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

{0.00}

Bank Debits {see supp. schedule}

0.00

Overnight Invest Activity {see supp sch}

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

DIP Loan Activity

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Swing Line

Ac~vity

Balance Per Sank Stmt.

(see Supp Schedule}


01/00100

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

1,081.35

30,093.67

632.63

6.72

456.72

65.749.02

7,658.57

0.00
{0.00}

0.00

0.00

0.00

0.00

0.00

0.00

1,000.00

301,410.07

551,442.48

100.00

100.00

100.00

MOR-1a US Bank Accounts June 30

Allied Systems Holdings, Inc.,

eta/.

12-11564 (CSS)
MOR-1a
US Bank Accounts
As ofG/3012012

Fidelity

Fidelity

ASL -Ohio State Bk

ASL-Wells Fargo

ASL-Wells Fargo

Florida LOC

CDA -Dir Reimb

Convenience

FJB- M&l Bank


Convenience

ASL- PNC Bank

Terminal Svcs

AH- First Citizens ASL -First Bank

Convenience

Indemnity Trust

73000

20063861038

900005831401

9872802327

24578609

5510664125

Convenience
7092174

Savings
3090005855843

182,396.64

988,619.27

17,459.49

5,849.83

8,283.31

884.71

Deposits (see supp schedule)

000

0.00

0.00

0.00

0.00

Transfers {see Supp schedule)

0.00

0.00

0.00

0.00

0.00

Balance Per Bank Stmt

06110112

83852600

CCI-Wells Fargo
Mkt Invest
204420016679~

526.63

500,303.32

1,117.25

1,888.02

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Bank Debits {see supp. schedule)

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Overnight Invest Activity {see supp sch)

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

DIP Loan Activfty

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Swing Une Activity {see Supp Schedule)

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

000

0.00

182,396.64

988 61917

17,459.49

5,849.83

8,283.31

884.71

526.63

500,303.32

1.117.25

1.888.02

Balance Per Bank Stmt.

01100/00

MOR-1a Canadian Bank Accounts June 30

Allied Systems Holdings, Inc., eta/.


12-11564 (CSS)
MOR-1a
Canadian Bank Accounts
As of6/3012012

Consolidated
Totals
CON$
Balance Per Bank Stmt.

06110112

Depos<ts (see supp schedule)

Transfers (see Supp schedule)

Bank Debits (see supp. schedule)

Balance Per Bank Stml.

06/30112

Consolidated
Totals
U.s_ S

AS- Scotia
CON $ Opera~ng
5978200011-15

AXIS- Scotia
CON $ Operating
59782-00101-11

AS- Scotia
US$ Operating
86627-11

AS- scotia
US $lmprest
87456-17

AS- Scotia
CON$ lmprest
00191-19,00737-17

AXIS- Scotia
CON$ Payroll
0010510

AS- Scotia
CON$ Fayroll DO
0036412

AS- Scotia
CON$ Claims
0073512

AS- Scotia
CON$ Payroll Cks
0073210

AS-JPMorgan
US$ Lockbox
958303

1,422,682.10

98.543.16

1,362,146.68

17,584.96

94,066.67

4,476.49

37,086.62

0.00

1,387.35

(0.00)

0.00

000

6,705,287.94

62.425.98

6,647,329.85

57,913.23

62,425.98

0.00

7.78

0.00

37.08

0.00

0.00

0.00

0.00

0.00

(5,427,999.60}

2,699,970.44

(2,293,958.14)

(990.53}

0.00

0 00

28,475.12

990.53

2,135,000.00

0.00

130.483.02

0.00

(117.80)

(3, 143,822.04)

(1,579.86)

(65.85)

(51.95)

(18,146.51)

(990.53)

(2,132,925.69)

0.00

(130,483.02)

0.00

160,851.34

2,571,696.35

72.927.80

156.426.80

4.424.54

47.423.01

0.00

3,498.74

(0.00)

0.00

0.00

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Allied Systems Holdings, Inc., eta/.


12-11564 (CSS)
MOR-4

Debtor
112-11565
!Accounts Payable

0-30
126,627

30-Jun-12
61-90

31-60

30-Jun-12
61-90
0

Debtor
31-60

Accounts Payable

0-30
478,441

Debtor
1~2-11768
Accounts Payable

31-60

0-30
20,418

0-30
205.899

1~2-11773

Debtor
12-11770
1Accounts Payable

Debtor
112-11782
Accounts Payable

Debtor
112-11781
Accounts Payable

Debtor
112-11780
Accounts Payable

Debtor
12-11564
Accounts Payable
Dl P Financing

0-30
9,414

0-30

0-30
$ 101,558
$ 5,000,000

30-Jun-12
61-90

31-60

No Other Debtors have Accounts Payable.

Total
205,899

Total
9,414

Total

66

Total
263

90+

90+

30-Jun-12
61-90

31-60
263

Total
20,418

90+

30-Jun-12
61-90

31-60
66

90+

30-Jun-12
61-90

31-60

0-30

90+

90+

Total
126,627

Total
478,441

30-Jun-12
61-90

31-60

90+

30-Jun-12
61-90

90+

Total

$ 101,558
$ 5,000,000

Allied Systems, Holdings, Inc., et al.


12-11564 (CSS)
MOR-4
MOR-5
Tax Reconciliations and Aging

I hereby certify that to the best of my knowledge all state and fedeTal post-petition tax
returns and/or tax payments due and owing for the period ending Jtme 30,2012 have
been filed or paid and the Debtors are current on all taxes owed.
,/"'""

"''''

S::~.

~ ~~

Macaulay
. )/August 6, 2012
Allied Systems Holdings, Inc:
SVP/CFO

RLFl 640655Jv.l

Allied Systems Holdings, Inc., et al.

12-11564 (CSS)
MOR-5

CDN$

Allied Systems
Ltd. LP

Allied Systems
(Canada)
F.J. Boutell
Company
Driveaway LLC

12-11565
Beg. Balance Per AR Aging
Billings
Receipts and Adjustments
Ending Balance per AR Aging
Accruals
Reserve for Bad Debt

12-11767

12-11773

Tansport
Support LLC

Axis Group Inc

Axis Canada
Company

CT Services
Inc

Cord in
Transport

12-11776

12-11770

12-11783

12-11782

12-11781

3,531,385.45

6,379,360.01

40,316.70

65,662.87

2,051,040.15

84,395.25

634,078.53

34,352.64

9,794,913.08

5,921,890.35

31,474.45

207,359.65

895,046.45

(12,328.39)

624,605.96

8,736.91

(8,733,686.10)

(6,590,494.87)

(48,661.30)

(195,105.19)

(913,359.58)

(57,903.17)

(338,883.22)

(16,973.00)

4,592,612.43

5,710,755.49

23,129.85

77,917.33

2,032,727.02

14,163.69

919,801.27

26,116.55

(115,872.08)

265,735.92

9.00

207.91

58,305.98

59,894.21

421,928.67

5,834.00

(26,926.59)

(123,259.06)

4,449,813.76

Ending G/L Balance

CDN$

(10,711.28)

5,853,232.35

23,138.85

61-90
43,464.41
18,591.43

91-360
39,179.51
83,204.78
(296.1 0)

78,125.24

2,080,321.72

(1 ,211.79)
74,057.90

Accounts Receivable Agings


!Debtor
0-30
I
12-11565
4,369,672.10
12-11773
5,336,376.06
12-11767
22,269.45
12-11776
77,929.56
12-11770
$1,318,590.55
12-11783
$13,627.89
12-11782
$622,106.86
12-11781
$16,270.55
!Grand Total 1$11,776,843.02

31-60
140,296.41
135,923.08
1,156.50

(12.23)
$26,087.81

$530,769.67

$289,063.40
$9,526.00
$1,106,735.06

No other Debtors have accounts receivables.

$8,431.01
$320.00
$96,882.43

$157,821.49
$188.93
$200.00

$280,298.61 1

360+
(1 ,554.36)

($542.50)
$0.00
($2,096.86

Grand Total
4,592,612.43
5,572,540.98 US$
23,129.85
77,917.33
$2,032,727.02
$13,816.82 us$
$919,801.27
$26,116.55
$13,258,662.25

1,340,518.15

31,950.55

Allied Systems Holdings, Inc., eta/.

12-11564 (CSS)
MOR-6
Payments to Professionals
June 10, 2012- June 30, 2012

Company

Allled Systems (Canada) Company

Debtor

Name

Date of Court order


Authorizing Payment

Amount
Approved

Total

12-11773

Duff and Phelps


(Information Oficer in
Canadian Recognition
Proceeding)

N/A

N/A

$ 100,887.53

Total Incurred &


Unpaid

135,742.43

Allied Systems Holdings, Inc., et al.

12-11564 (CSS)
MOR-6
Payments to Insiders
June 10,2012- June 30, 2012

Allied Systems Holdings, Inc., et al.


12-11564 (CSS)
MOR-6
Post-Petition Status of Secured Notes, Leases Payable

The Debtors are current on (a) payments due under the terms of the DIP credit facility
and (b) post-petition payments on their leases.

Allied Systems Holdings,


SVP/CFO

RLF I 6406738v. I

August 6, 2012

Case No. 12-11564 fCSSl


Repotting Period: June 30.2012

In re Allied Systems Holdings. lnc .. et at.


Debtor

DEBTOR QUESTIONNAIRE

Must be completed each month. If the answer to any of the questions is


"Yes", provide a detailed explanation of each item. Attach additional
sheets if necessary
Have any assets been sold or transferred outside the normal course of business
this reporting period?
Have any funds been disbursed from any account other than a debtor in
possession account this reporting period?
Is the Debtor delinquent in the timely filing of any post-petition tax returns?

Yes

No

X
X
X

Are workers compensation, general liability or other necessary insurance


coverages expired or cancelled, or has the debtor received notice of expiration
or cancellation of such policies?
X

Is the Debtor delinquent in paying any insurance premium payment?

Have any payments been made on pre-petition liabilities this reporting period?

X
X

Are any post petition receivables (accounts. notes or loans) due from related
parties?
Are any post petition payroll taxes past due?

Are any post petition State or Federal income taxes pas due?

10

Are any post petition real estate taxes past due?

II

Are any other post petition taxes past due?

12

Have any pre-petition taxes been paid during this reporting period?
Are any amounts owed to post petition creditors delinquent?
Are any wage payments past due?
Have any post petition loans been received by the Debtor from any party?
Is the Debtor delinquent in paying any U.S. Trustee fees?
Is the Debtor delinquent with any court ordered payments to attorneys or other
professionals?
Have the owners or shareholders received any compensation outside of the
nmmal course of business?

X
X
X
X
X

13

14
15
15
17

18

X
X
X
X
X
X

FORMMOR-7
212008
PAGE 12 OF 12

RLFI 6406390v.1

Allied Systems Holdings, Inc., eta/.


12-11564 (CSS)
Debtor Questiom1aire Explanations

6.
The Debtors have made payments pursuant to first day orders permitting
payments of certain pre-petition liabilities.
15.
The Debtors have received $5,000,000 of DIP financing proceeds pursuant
to the Court-approved DIP loan.

Scott D. Macaulay
Allied Systems Holdings, Inc.
SVP/CFO

RLFI 6407642v.l

August 6, 2012