UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWAREomnimgt.com/cmsvol2/pub_46622/434822_1064.pdf ·...
Transcript of UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWAREomnimgt.com/cmsvol2/pub_46622/434822_1064.pdf ·...
UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE
In re: Revstone Industries, LLC
Case No. 12-13262 (BLS ) Debtor Reporting Period: June 30� August 3, 2013
MONTHLY OPERATING REPORT File with Court and submit copy to United States Trustee within 20 days after end of month
Submit copy of report to any official committee appointed in the case.
REQUIRED DOCUMENTS Form No. Document Attached
Explanation Attached
Affidavit/ Supplement
Attached Schedule of Cash Receipts and Disbursements MOR-1 Yes
Bank Reconciliation (or copies of debtor’s bank reconciliations)
MOR-la Yes
Schedule of Professional Fees Paid MOR-lb i No None paid Copies of bank statements Yes Cash disbursements journals No Yes (Note A)
Statement of Operations MOR-2 Yes Balance Sheet MOR-3 Yes Status of Post-petition Taxes MOR-4 Yes
Copies of IRS Form 6123 or payment receipt Copies of tax returns filed during reporting period
Summary of Unpaid Post-petition Debts MOR-4 Yes Listing of aged accounts payable MOR-4 Yes
Accounts Receivable Reconciliation and Aging MOR-5 Yes Debtor Questionnaire MOR-5 Yes
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.
Signature of Debtor Date
Signature of Joint Debtor
Date
September 25, 2013
Signature of Authorized I ndividual* Date
James M. Lukenda, CIRA
DCRO Printed Name of Authorized Individual
Title of Authorized Individual
*Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partner
Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 1 of 54
Revstone Industries, LLC, Period: June 30 - August 3, 2013 Case no.: 12-13262 (BLS) Debtor-in-possession
MOR -1
Date Deposits Payroll Wi’s Out Wi’s/ACH Check Runs Cleared Cks Bank Balance Book Balance Description 7/1/13 12,177.41 700,270.07 596,837.69 Cleared Checks 7/2/13 96,708.88 603,561.19 596,837.69 Cleared Checks 7/3/13 (15,000.00) 588,561.19 581,837.69 WT - James Shein 7/3/13 (15,000.00) 573,561.19 566,837.69 W’F- Richard Newsted 7/3/13 4,625.18 568,936.01 566,837.69 Cleared Checks 7/5/13 (384.60) 568,551.41 566,453.09 ACH - McGregor FSA 7/5/13 200.00 568,351.41 566,453.09 Cleared Checks 7/8113 (19,637.93) 568,351.41 546,815.16 Check Run 7/8/13 1,239.67 567,111.74 546,815.16 Cleared Checks 7/9/13 268.18 566,843.56 546,815.16 Cleared Checks
7/10/13 (1,390.23) 565,453.33 545,424.93 WT - US Airways check by phone 7/10/13 (137,514.50) 427,938.83 407,910.43 WT - Revstone Transportation 7/10/13 21,200.00 449,138.83 429,110.43 MW Texas Die Deposit- SS 7/10/13 223.69 448,915.14 429,110.43 Cleared Checks 7/11113 (4,099.09) 444,816.05 425,011.34 ACH - Wachovia Wells 401k 7/11/13 (195.70) 444,620.35 424,815.64 WT- Ascalon Health Employee 7/11/13 (357.19) 444,263.16 424,458.45 WT - Ascalon Dent/Vision Employee 7/11/13 (1,159.70) 443,103.46 423,298.75 WT - McGregor H S A 7/11/13 4,961.92 438,141.54 423,298.75 Cleared Checks 7/12)13 13,166.48 424,975.06 423,298.75 Cleared Checks 7/15/13 54,615.00 479,590.06 477,913.75 Metavation Deposit - SS 7/15/13 677.29 478,912.77 477,913.75 Cleared Checks 7/16/13 250.00 478,662.77 477,913.75 Cleared Checks 7/18/13 (20,000.00) 458,662.77 457,913.75 Consulting Services-A. Smith 7/18/13 (11,925.00) 446,737.77 445,988.75 WT - Ceridian Payroll (Prefund Revstone Payroll) 7/18/13 (53,773.23) 446,737.77 392,215.52 Check Run 7/19/13 105.98 446,631.79 392,215.52 Cleared Checks 7/19/13 (6,327.21) 446,631.79 385,888.31 Check Run 7/22/13 (219.98) 446,631.79 385,668.33 Check Run 7/22/13 13,826.25 432,805.54 385,668.33 Cleared Checks 7/23/13 45,980.00 478,785.54 431,648.33 Deposit - Aarkel 7123/13 7,016.61 471,768.93 431,648.33 Cleared Checks 7/24/13 9,971.84 461,797.09 431,648.33 Cleared Checks 7/25/13 (53,888.46) 407,908.63 377,759.87 WT - Revstone Transportation 7/25/13 (1,159.62) 406,749.01 376,600.25 WT - McGregor H S A 7/25/13 (342.76) 406,406.25 376,257.49 WT - Ascalon Health Employee 7/25/13 (3,768.80) 402,637.45 372,488.69 ACH - Wachovia Wells 401k 7/25/13 (24,412.60) 402,637.45 348,076.09 Check Run 7/26/13 54,615.00 457,252.45 402,691.09 Metavation Deposit - SS 7/26/13 10,134.36 447,118.09 402,691.09 Cleared Checks 7/29/13 15,744.54 431,373.55 402,691.09 Cleared Checks 7/30/13 10,600.00 441,973.55 413,291.09 MWTexasDieDeposit - SS 7/30/13 2,255.79 439,717.76 413,291.09 Cleared Checks 7/30/13 (10,500.00) 439,717.76 402,791.09 Check Run 7/31/13 (1,236.57) 438,481.19 401,554.52 WT - US Airways check by phone 7/31/13 17,012.94 421,468.25 401,554.52 Cleared Checks 7/31/13 (512.62) 420,955.63 401,041.90 WT - Citi Mastercard
8/1/13 (62,500.00) 358,455.63 338,541.90 Randall J. Gillasy PC Client Trust Account 8/1/13 45,980.00 404,435.63 384,521.90 Deposit - Aarkel 811/13 1,238.73 403,196.90 384,521.90 Cleared Checks 8/1/13 (6,297.01) 403,196.90 378,224.89 Check Run 8/2/13 (15,000.00) 388,196.90 363,224.89 WT - James Shein 812/13 (15,000.00) 373,196.90 348,224.89 ’NT - Richard Newsted 812/13 (51,562.92) 321,633.98 296,661.97 WT - Kirkland & Ellis LLP
2
Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 2 of 54
Bank of Ameilca IWO’ Merrill Lynch
H
BANK OF AMERICA, N.A. Account Number 54 540 W MADISON ST - 16th Floor
01 01 140 01 M000u i 35 CHICAGO, IL 60661
Last Statement: 07/31/2013 This Statement: 08/30/2013
1MG
Customer Service 1-888-400-9009
- REVSTONE INDUSTRIES LLC DEBTOR-IN-POSSESSION CASE 12-13262 GENERAL ACCOUNT 21177 HILLTOP ST SOUTHFIELDL MI 48033
Page 1 of 15
Bankruptcy Case Number:1213262
FULL ANALYSIS CHECKING
Statement Period 08/01/2013 - Number of Deposits/Credits Number of Checks Number of Other Debits
Number of Enclosures
Account Summary Information
08/30/2013 Statement Beginning Balance 420,955.63
8 amount of Deposit edits 506,410.00
35 Amount of Checks 90,862.39
30 Amount of Other Debits 596,658.91 Statement Ending Balance 239,844.33
35 Service Charge .00
Deposits and Credits
Date Customer Bank Posted Reference Amount Description Reference
08/01 45,980.00 WIRE TYPE:WIRE IN DATE: 130801 TIME:1800 ET 644800370343438 TRN:2013080100343438 SEQ:0082900213F5/012537 ORIG:AARKEL TOOL AND DIE INC ID:075824001392 SND BK:JPMORGAN CHASE BANK, NA ID:021000021 PMT DET:SWF OF 13/08/01 /ACC/026009593
08/07 10,600.00 WIRE TYPE:WIRE IN DATE: 130807 TIME:1559 ET 644800370249280 TRN:2013080700249280 SEQ:2013080700108101/034574 ORIG:MW TEXAS DIE CASTING INC ID:000004122060593 SND BK:WELLS FARGO BANK, NA ID:121000248 PMT DET:0 00009560
08/07 54,615.00 WIRE TYPE:WIRE IN DATE: 130807 TIME:1712 ET 644800370272950 TRN:2013080700272950 SEQ:2013080700124439/040487 ORIG:METAVATION LLC MAIN ID:000004122060577 SND BK:WELLS FARGO BANK, NA ID:121000248 PMT DET:0 00009559
08/12 100,000.00 WIRE TYPE:WIRE IN DATE: 130812 TIME:1652 ET 644800370291286 TRN:2013081200291286 SEQ:130812145844H200/000611 ORIG:FAIRFIELD CASTING LLC ID:2283173447 SND BK:AS SOCIATED BANK, N.A. ID:075900575
08/21 10,600.00 WIRE TYPE:WIRE IN DATE: 130821 TIME:1014 ET 644800370142184 TRN:2013082100142184 SEQ:2013082100033948/009587 ORIG:MW TEXAS DIE CASTING INC ID:000004122060593 SND BK:WELLS FARGO BANK, NA ID:121000248 PMT DET:0 00009636
08/21 54,615.00 WIRE TYPE:WIRE IN DATE: 130821 TIME:1013 ET 644800370142119 TRN:2013082100142119 SEQ:2013082100033904/009575 ORIG:METAVATION LLC MAIN ID:000004122060577 SND BK:WELLS FARGO BANK, NA ID:121000248 PMT DET:0 00009635
08/22 130,000.00 WIRE TYPE:WIRE IN DATE: 130822 TIME:1439 ET 644800370230407 TRN:2013082200230407 SEQ:130822133918H100/000270 ORIG:T CAST HOLDINGS LLC OPERA ID:069284261 5ND BK:COLE TAYLOR BANK ID:071000343 PMT DET:MANAG EMENT FEE PAYMENT TECH CAST
08/28 100,000.00 WIRE TYPE:WIRE IN DATE: 130828 TIME:1220 ET 644800370203431 TRN:2013082800203431 SEQ:130828110958H200/000337 ORIG:FAIRFIELD CASTING LLC ID:2283173447 SND BK:AS SOCIATED BANK, N.A. ID:075900575
Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 3 of 54
BANK OF AMERICA, N.A. 540 W MADISON ST - 16th Floor CHICAGO, IL 60661
Account Number 4 01 01 140 01 M000u Last Statement: 07/31/2013 This Statement: 08/30/2013
I
1MG
Customer Service 1-888-400-9009
REVSTONE INDUSTRIES LLC
Page 2 of 15
Bankruptcy Case Nuniber:1213262
FULL ANALYSIS CHECKING Withdrawals and Debits
Checks
Check Date Bank Check Date Bank Number Amount Posted Reference Number Amount Posted Reference
2121 1,000.00 08/01 9492413277 2163 163.78 08/16 6292551285 2138* 64.79 08/01 6792704208 2164 3,466.38 08/22 6992673046 2142* 173.94 08/01 9492679431 2165 2,916.28 08/19 6592290471 2144* 100.00 08/07 3692237647 2166 2,820.51 08/19 6392457135 2147* 382.28 08/09 6592604223 2167 648.66 08/21 0892688059 2148 16.57 08/06 9592381777 2168 456.49 08/19 6492012830 2149 56.27 08/07 6292766449 2169 33,185.00 08/16 6292826102 2150 643.76 08/05 7092621233 2171* 6,525.00 08/16 6392366137 2151 5,198.13 08/05 5992342363 2172 165.64 08/20 6792561765 2152 1,200.63 08/16 8792832155 2173 5,213.23 08/19 6592237046 2153 1,735.69 08/16 8792832156 2174 226.01 08/19 6492210230 2154 2,121.73 08/16 8792832154 2175 988.77 08/27 9292138378 2156* 7,316.75 08/19 9192172278 2177* 240.00 08/28 6392627766 2157 1.97 08/19 9192101631 2179* 150.87 08/27 6392269534 2158 3,788.91 08/19 9192004960 2180 956.78 08/26 6192011088 2159 3,054.54 08/19 6492178010 2181 5,022.81 08/26 6092846406 2161* 409.64 08/20 8792236418 2182 269.53 08/30 9192088382 2162 181.05 08/21 6792900912
Other Debits
Date Customer Bank Posted Reference Amount Description Reference
08/01 62,500.00 WIRE TYPE:WIRE OUT DATE:130801 TIME:1530 ET 00370289488 TRN:2013080100289488 SERVICE REF:011508 BNF:RANDALL GILIJARY CLIENT TRtJ ID:009009191 BNF BK:INDEPENDENT BANK ID:072402652 PMT DET:13801 E1233APOL98Per settlement agreement
08/02 15,000.00 WIRE TYPE:WIRE OUT DATE:130802 TIME:1242 ET 00370204359 TRN:2013080200204359 SERVICE REF:006708 BNF:RICHARD E. NEWSTED ID:0037245669 BNF BK:FIFTH THIRD BANK ID:042000314 PMT DET:1380290842420F48M0 nthly board fee
08/02 15,000.00 WIRE TYPE:BOOK OUT DATE:130802 TIME:1244 ET 00370205393 TRN:2013080200205393 RELATED REF:1380290748990P45 BNF:JAMES B SHEIN DECLARATION ID:008604633779 PMT DET:Monthly board fee
08/02 51,562.92 WIRE TYPE:WIRE OUT DATE:130802 TIME:1246 ET 00370206081 TRN:2013080200206081 SERVICE REF:007057 BNF:KIRKLAND AND ELLIS LLP ID:800418399 BNF BK:CIT IBANK, N.A. ID:271070801 PMT DET:13802B15392G0Q61
08/07 7,710.84 WIRE TYPE:WIRE OUT DATE:130807 TIME:1722 ET 00370275106 TRN:2013080700275106 SERVICE REF:010476 BNF:ASCALON ID:0738130065 BNF BK:FIFTH THIRD BANK ID:042000314 PMT DET:13807D0947LO0118INV 576
The preceding check(s) is still outstanding or has been included in a previous statement or is included in the ’Other Debits’ section as an ACH paperless transaction.
Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 4 of 54
BANK OF AMERICA, N.A. 540 W MADISON ST - 16th Floor CHICAGO, IL 60661
Account Number 54 01 01 140 01 M000u n 35 Last Statement: 07/31/2013 This Statement: 08/30/2013
H
Customer Service 1-888-400-9009
REVSTONE INDUSTRIES LLC
Page 3 of 15
Bankruptcy Case Number:1213262
FULL ANALYSIS CHECKING Other Debits - Continued
Date Customer Bank Posted Reference Amount Description Reference
08/07 98,754.87 WIRE TYPE:BOOK OUT DATE:130807 TIME:1720 ET 00370274685 TRN:2013080700274685 RELATED REF:13807D0458FM0931 BNF:REVSTONE TRANSPORTATION LL ID:008666715085
08/08 192.11 WIRE TYPE:WIRE OUT DATE:130808 TIME:0922 ET 00370124054 TRN:2013080800124054 SERVICE REF:003148 BNF:ASCALON ENTERPRISES LLC ID:7381299317 BNF BK:F IFTH THIRD BANK ID:042000314 PMT DET:13807D1529BI0 T44Pay dated 8-9-13 and pay dated 7-26-13 Less 161
08/08 443.64 WIRE TYPE:WIRE OUT DATE:130808 TIME:0923 ET 00370124283 TRN:2013080800124283 SERVICE REF:003157 BNF:ASCALON ENTERPRISES, LLC ID:7381299309 BNF BK: FIFTH THIRD BANK ID:042000314 PMT DET;13807D1329A1 OT78Pay dated 8-9-13
08/08 1,116.16 WIRE TYPE:WIRE OUT DATE:130808 TIME:0922 ET 00370124166 TRN:2013080800124166 SERVICE REF:003150 BNF:MCGREGOR AND ASSOCIATES H ID:60028072 BNF BK:W HITAKER BANK ID:042104168 PMT DET:13807D1236BR0O77 Pay dated 8-9-13
08/08 3,216.08 RETIREMENT SERVI DES:RETSVC401K ID:3631 19015608337 INDN:REVSTONE TRANSPORT CO ID:3560900030 CCD
08/09 30.00 WIRE TYPE:WIRE OUT DATE:130809 TIME:1510 ET 00370224031 TRN:2013080900224031 SERVICE REF:008781 BNF:MCGREGOR AND ASSOCIATES H ID:60028072 BNF BK:W HITAKER BANK ID:042104168 PMT DET:13809A1341J10S82
08/15 118.66 WIRE TYPE:WIRE OUT DATE:130815 TIME:1518 ET 00370250454 TRN:2013081500250454 SERVICE REF:010283 BNF:PLEX SYSTEMS ID:3300888833 BNF BK;SILICON VALL EY BANK ID:121140399 PMT DET:13815D41121N0F70INV 6 7806,68274
08/15 1,293.80 WIRE TYPE:WIRE OUT DATE:130815 TIME:1603 ET 00370268284 TRN:2013081500268284 SERVICE REF:011275 BNF:MCGREGOR AND ASSOCIATES, I ID:10470532 BNF BK: CENTRAL BANK AND TRUST ID:042100146 PMT DET:13815E 4851JMOP24Revstone Industries Payroll dated 7-5 th
08/15 64,044.60 WIRE TYPE:WIRE OUT DATE:130815 TIME:1122 ET 00370174549 TRN:2013081500174549 SERVICE REF:005981 BNF:PLEX SYSTEMS ID:3300888833 BNF BK:SILICON VALL EY BANK ID:121140399 PMT DET:13815A1337LJ0T38INV 6 8087, 68057, 68579
08/16 44.51 STAPLES DES:ECHECK ID:1505730107 27018274781 INDN:LUCAS CO ID:1210002031 CCD
08/16 2,300.43 BARCLAYCARD US DES:CREDITCARD ID:194998854 27018296098 INDN:GEORGE HOFMEISTER CO ID:2510407970 TEL
08/21 77,548.21 WIRE TYPE:BOOK OUT DATE:130821 TIME:1021 ET 00370143885 TRN:2013082100143885 RELATED REF:13820E19002T0G39 BNF:REVSTONE TRANSPORTATION LL ID:008666715085
Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 5 of 54
BANK OF AMERICA, N.A. 540 W MADISON ST - 16th Floor CHICAGO, IL 60661
Account Nunther 4 01 01 140 01 M0000 ff Last Statement: 07/31/2013 This Statement: 08/30/2013
H
1MG
Customer Service 1-888-400-9009
REVSTONE INDUSTRIES LLC
Page 4 of 15
Bankruptcy Case Nuniber:1213262
FULL ANALYSIS CHECKING Other Debits - Continued
Date Customer Bank Posted Reference amount Description Reference
08/22 222.42 WIRE TYPE:WIRE OUT DATE:130822 TIME:1016 ET 00370153385 TRN:2013082200153385 SERVICE REF:004063 BNF:ASCALON ENTERPRISES LLC ID:7381299317 BNF BK:F IFTH THIRD BANK ID:042000314 PMT DET:13820E2527GA0 L54Payroll dated 8-23-13
08/22 544.52 WIRE TYPE:WIRE OUT DATE:130822 TIME:1016 ET 00370153264 TRN:2013082200153264 SERVICE REF:003951 BNF:ASCALON ENTERPRISES, LLC ID:7381299309 BNF BK: FIFTH THIRD BANK ID:042000314 PMT DET:13820E24026C 0616Payroll dated 8-23-13
08/22 1,209.62 WIRE TYPE:WIRE OUT DATE:130822 TIME:1015 ET 00370153034 TRN:2013082200153034 SERVICE REF:003937 BNF:MCGREGOR AND ASSOCIATES H ID:60028072 BNF BK:W HITAKER BANK ID:042104168 PMT DET:13820E2311990J85 Payroll dated 8-23-13
08/22 3,496.01 RETIREMENT SERVI DES:RETSVC401K ID:3631 33017546102 INDN:REV5TONE TRANSPORT CO ID:3560900030 CCD
08/22 51,562.92 WIRE TYPE:WIRE OUT DATE:130822 TIME:1012 ET 00370152496 TRN:2013082200152496 SERVICE REF:003979 BNF:KIRKLAN]) AND ELLIS LLP ID:800418399 BNF BK:CIT IBANK, N.A. ID:271070801 PMT DET:13822906499Y0H80
08/26 4,780.98 ATT DES:Payment ID:669512003MBC1T 38007924901 INDN;Revstone Industries CO ID:9864031003 TEL
08/27 20,671.66 WIRE TYPE:WIRE OUT DATE:130827 TIME:1109 ET 00370176733 TRN:2013082700176733 SERVICE REF:004480 BNF:ALEX SMITH DBA THE ELIZAB ID:7381300248 BNF BK:FIFTH THIRD BANK ID:042000314 PMT DET:13826 B5019EIOR16Invoice R2002 R2003
08/29 988.00 WIRE TYPE:WIRE OUT DATE:130829 TIME:1659 ET 00370313455 TRN:2013082900313455 SERVICE REF:013080 BNF:KIRKLAND ELLIS LLP ID:800418399 BNF BK:CITIBAN K, N.A. ID:271070801 PMT DET:13829B55386P0N08Payme nt on account
08/29 1,522.95 BARCLAYCARD US DES:CREDITCARD ID:196366536 40021196407 INDN:GEORGE HOFMEISTER CO ID:2510407970 TEL
08/29 15,000.00 WIRE TYPE:WIRE OUT DATE:130829 TIME:1139 ET 00370196861 TRN:2013082900196861 SERVICE REF:006374 BNF:RICHARD E. NEWSTED ID:0037245669 BNF BK: FIFTH THIRD BANK ID:042000314 PMT DET:13829944540Q1T11M0 nthly Board Fees
08/29 15,000.00 WIRE TYPE:BOOK OUT DATE:130829 TIME:1140 ET 00370197147 TRN:2013082900197147 RELATED REF:1382994541790F02 BNF:JAMES B SHEIN DECLARATION ID:008604633779 PMT DET:Monthly board fee
08/29 17,500.00 WIRE TYPE:WIRE OUT DATE:130829 TIME:1138 ET 00370196427 TRN:2013082900196427 SERVICE REF:006370 BNF:KIRKIjAND ELLIS LLP ID:800418399 BNF BK:CITIBAN K, N.A. ID:271070801 PMT DET:13829944073K0P62Payme nt on account
Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 6 of 54
H
BANK OF AMERICA, N.A. Account Number ff
MR bIJbbI
ijast statement: 07/31/2013
This Statement: 08/30/2013
1MG
Customer Service 1-888-400-9009
REVSTONE INDUSTRIES LLC
Page 5 of 15
Bankruptcy Case Number:1213262
FULL ANALYSIS CHECKING Other Debits - Continued
Date Customer Bank Posted Reference amount Description Reference
08/29 63,283.00 WIRE TYPE:WIRE OUT DATE:130829 TIME:1137 ET 00370195890 TRN:2013082900195890 SERVICE REF:006632 BNF:PLEX SYSTEMS ID:3300888833 BNF BK:SILICON VALL EY BANK ID:121140399 PMT DET:13829942506C0F991NV 6 8867,68894
Daily Balances
Date Ledger Balance Collected Balance Date Ledger Balance Collected Balance
07/31 420,955.63 420,955.63 08/16 256,254.44 256,254.44 08/01 403,196.90 403,196.90 08/19 230,459.75 230,459.75 08/02 321,633.98 321,633.98 08/20 229,884.47 229,884.47 08/05 315,792.09 315,792.09 08/21 216,721.55 216,721.55 08/06 315,775.52 315,775.52 08/22 286,219.68 286,219.68 08/07 274,368.54 274,368.54 08/26 275,459.11 275,459.11 08/08 269,400.55 269,400.55 08/27 253,647.81 253,647.81 08/09 268,988.27 268,988.27 08/28 353,407.81 353,407.81 08/12 368,988.27 368,988.27 08/29 240,113.86 240,113.86 08/15 303,531.21 303,531.21 08/30 239,844.33 239,844.33
Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 7 of 54
BANK OF AMERICA, N.A. 540 W MADISON ST - 16th Floor CHICAGO, IL 60661
REVSTONE INDUSTRIES LLC
Account Number i4
01 01 140 01 M0000 s Last Statement: 07/31/2013 This Statement: 08/30/2013
1MG
Customer Service 1-888-400-9009
Page 6 of 15
Bankruptcy Case Nuniber:1213262
H
C Revstone 1,I
Oft 7111113 p v 1cz.oc
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Ref#09492679431 $173.94
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104100371074 4400010040 00130110401000
Ref#03692237647 $100.00
Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 8 of 54
BANK OF AMERICA, N.A. 540 W MADISON ST - 16th Floor CHICAGO, IL 60661
Account Number 4 01 01 140 01 M000u Last Statement: 07/31/2013 This Statement: 08/30/2013
H
1MG
Customer Service 1-888-400-9009
REVSTONE INDUSTRIES LLC
Page 7 of 15
Bankruptcy Case Nuniber:1213262
Cl Keystone 14T
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Ref#06592604223 $382.28
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Ref#07092621233 $643.76
Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 9 of 54
BANK OF AMERICA, N.A. 540 W MADISON ST - 16th Floor CHICAGO, IL 60661
REVSTONE INDUSTRIES LLC
Account Number 54 01 01 140 01 M000u ff 35 Last Statement: 07/31/2013 This Statement: 08/30/2013
1MG
Customer Service 1-888-400-9009
Page 8 of 15
Bankruptcy Case Nuniber:1213262
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Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 10 of 54
BANK OF AMERICA, N.A. 540 W MADISON ST - 16th Floor CHICAGO, IL 60661
Account Number 01 01 140 01 M0000 .35 Last Statement: 07/31/2013 This Statement: 08/30/2013
H
1MG
Customer Service 1-888-400-9009
REVSTONE INDUSTRIES LLC
Page 9 of 15
Bankruptcy Case Nunther:1213262
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Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 11 of 54
BANK OF AMERICA, N.A. Account Number 4 540 W MADISON ST - 16th Floor 01 01 140 01 M000u CHICAGO, IL 60661
Last Statement: 07/31/2013 This Statement: 08/30/2013
1MG
Customer Service 1-888-400-9009
REVSTONE INDUSTRIES LLC
Page 10 of 15
Bankruptcy Case Nunther:1213262
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Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 12 of 54
BANK OF AMERICA, N.A. 540 W MADISON ST - 16th Floor CHICAGO, IL 60661
REVSTONE INDUSTRIES LLC
Account Number 01 01 140 01 M000u
Last Statement: 07/31/2013
This Statement: 08/30/2013
1MG
Customer Service 1-888-400-9009
Page 11 of 15
Bankruptcy Case Number:1213262
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Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 13 of 54
BANK OF AMERICA, N.A. 540 W MADISON ST - 16th Floor CHICAGO, IL 60661
REVSTONE INDUSTRIES LLC
Account Number 01 01 140 01 M0000
Last Statement: 07/31/2013
This Statement: 08/30/2013
1MG
Customer Service
1-888-400-9009
Page 12 of 15
Bankruptcy Case Nun’iber:1213262
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Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 14 of 54
BANK OF AMERICA, N.A.
RPM U, IL, bubbl
REVSTONE INDUSTRIES LLC
Account Number
bast tatemerit: 07/31/2013
This Statement: 08/30/2013
1MG
Customer Service 1-888-400-9009
Page 13 of 15
Bankruptcy Case Nuniber:1213262
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Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 15 of 54
BANK OF AMERICA, N.A. Account Number 540 W MADISON ST - 16th Floor 01 01 140 01 M0000 CHICAGO, IL 60661
Last Statement: 07/31/2013 This Statement: 08/30/2013
mocel
Customer Service 1-888-400-9009
REVSTONE INDUSTRIES LLC
Page 14 of 15
Bankruptcy Case Number:1213262
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Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 16 of 54
BANK OF AMERICA, N.A. 540 W MADISON ST - 16th Floor CHICAGO, IL 60661
Account Number 01 01 140 01 M0000 111110M Last Statement: 07/31/2013 This Statement: 08/30/2013
1MG
Customer Service 1-888-400-9009
REVSTONE INDUSTRIES LLC
Page 15 of 15
Bankruptcy Case Number:1213262
IMPORTANT INFORMATION
CHANGE OF ADDRESS. Please call us at the customer service telephone number listed on the front of this statement to tell us about a change of address.
TERMS AND CONDITIONS. All deposits to, withdrawals from, or other transactions pertaining to your account(s) are subject to the terms and conditions of the agreement you received when you opened your account and any amendments thereto. Amendments to the agreement may be made from time to time in the manner stated therein.
IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR ELECTRONIC TRANSFERS. If you think your statement or receipt is wrong or if you need more information about an electronic transfer (e.g., ATM transactions, direct deposits or withdrawals, point-of-sale transactions) on the statement or receipt, telephone or write us at the address or number listed on the front of this statement as soon you can. We must hear from you no later than 60 days after we sent you the FIRST statement on which the error or problem appeared. � Tell us your name and account number � Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe there is an error or why you need more information
� Tell us the dollar amount of the suspected error.
For consumer accounts used primarily for personal, family or household purposes, we will investigate your complaint and will correct any error promptly. If we take more than 10 business days (20 business days if you are a new customer, for electronic transfers occurring during the first 30 days after the first deposit is made to your account), to do this, we will re-credit your account for the amount you think is in error so that you will have use of the money during the time it takes us to complete our investigation.
For other accounts, we investigate, and if we find we have made an error, we will make the appropriate adjustment to your account at the conclusion of our investigation.
DIRECT DEPOSITS. If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company, you may call us at the telephone number listed on the front of this statement to find out if the deposit was made as scheduled.
REPORTING OTHER PROBLEMS. You must examine your statement carefully and promptly. You are in the best position to discover errors and unauthorized transactions on your account. If you fail to notify us in writing of suspected problems or unauthorized transactions within the time periods specified in the deposit agreement (which periods are no more than 60 days after we make the statement available to you and in some cases are 30 days or less), we are not liable to you for, and you agree not to make a claim against us for the problems or unauthorized transactions.
Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 17 of 54
INTENTIONALLY BLANK PAGE
Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 18 of 54
Bankof America ’. Merrill Lynch H
BANK OF AMERICA, N.A. Account Number 540 W MADISON ST - 16th Floor 01 01 140 05 M0000 CHICAGO, IL 60661 Last Statement: 06/28/2013
This Statement: 07/31/2013
- Customer Service
- 1-888-400-9009 - REVSTONE INDUSTRIES LLC - DEBTOR-IN-POSSESSION CASE 12-13262
GENERAL ACCOUNT Page 1 of 18 21177 HILLTOP ST SOUTHFIELDL MI 48033 Bankruptcy Case Nuniber:1213262
FULL ANALYSIS CHECKING Account Summary Information
Statement Period 06/29/2013 - 07/31/2013 Statement Beginning Balance 712,447.48 Number of Deposits/Credits 5 Amount of Deposits/Credits 187,010.00 Number of Checks 52 Amount of Checks 210,973.65 Number of Other Debits 17 Amount of Other Debits 267,528.20
Statement Ending Balance 420,955.63
Number of Enclosures 52 Service Charge .00
Deposits and Credits
Date Customer Bank Posted Reference Amount Description Reference
07/10 21,200.00 WIRE TYPE:WIRE IN DATE: 130710 TIME:1517 ET 644800370240417 TRN:2013071000240417 SEQ:2013071000103423/033559 ORIG:MW TEXAS DIE CASTING INC ID:000004122060593 SND BK:WELLS FARGO BANK, NA ID:121000248 PMT DET:0 00009330 6-26-2013 7-10-2013
07/15 54,615.00 WIRE TYPE:WIRE IN DATE: 130715 TIME:1048 ET 644800370188876 TRN:2013071500188876 SEQ:2013071500054934/018377 ORIG:METAVATION LLC MAIN ID:000004122060577 SND BK:WELLS FARGO BANK, NA ID:121000248 PMT DET:0 00009372
07/23 45,980.00 WIRE TYPE:WIRE IN DATE: 130723 TIME:1344 ET 644800370203394 TRN:2013072300203394 SEQ:6633300204FS/004050 ORIG:AARKEL TOOL AND DIE INC ID:075824001392 SND BK:JPMORGAN CHASE BANK, NA ID:021000021 PMT DET:SWF OF 13/07/23 /ACC/026009593
07/26 54,615.00 WIRE TYPE:WIRE IN DATE: 130726 TIME:1644 ET 644800370287785 TRN:2013072600287785 SEQ:2013072600135633/047568 ORIG:METAVATION LLC MAIN ID:000004122060577 SND BK:WELLS FARGO BANK, NA ID:121000248 PMT DET:0 00009482
07/30 10,600.00 WIRE TYPE:WIRE IN DATE: 130730 TIME:1655 ET 644800370301579 TRN:2013073000301579 SEQ:2013073000142067/047058 ORIG:MW TEXAS DIE CASTING INC ID:000004122060593 SND BK:WELLS FARGO BANK, NA ID:121000248 PMT DET:0 00009491
Withdrawals and Debits
Checks
Check Date Bank Check Date Bank
Number Amount Posted Reference Number Amount Posted Reference
2054 512.62 07/31 0292062583 2094 1,392.16 07/03 9292876024
2086* 149.22 07/30 6492246257 2095 4,803.86 07/01 6292596802
2090* 1,816.39 07/01 9992608052 2096 56.27 07/08 5892256969
2091 268.18 07/09 8992779421 2097 290.00 07/01 6392056846
2092 1,119.42 07/03 9292876025 2098 9,768.98 07/02 6592284467
2093 1,882.70 07/03 9292441224 2099 200.00 07/05 2292451026
* The preceding check(s) is still outstanding or has been included in a previous statement or is included in the ’Other Debits’ section as an ACH paperless transaction.
Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 19 of 54
BANK OF AMERICA, N.A. 540 W MADISON ST - 16th Floor CHICAGO, IL 60661
Account Number 01 01 140 05 M000o ff Last Statement: 06/28/2013 This Statement: 07/31/2013
H
1MG
Customer Service 1-888-400-9009
REVSTONE INDUSTRIES LLC
Page 2 of 18
Bankruptcy Case Number:1213262
FULL ANALYSIS CHECKING Withdrawals and Debits
Checks - Continued
Check Date Bank Check Date Bank Number amount Posted Reference Number amount Posted Reference
2100 81,502.40 07/02 4092789735 2122* 355.84 07/24 9292110579 2101 241.25 07/22 6492639109 2123 3,518.80 07/26 6092143970 2102 5,437.50 07/02 6692834895 2124 615.26 07/24 0892646897 2103 633.49 07/01 6392077002 2126* 4,312.50 07/24 6992884649 2104 4,633.67 07/01 6392842141 2127 13,423.47 07/22 6692367657 2105 230.90 07/03 6892109407 2128 161.53 07/22 6592444362 2106 1,183.40 07/08 9892908867 2129 6,327.21 07/26 6092225614 2107 70.20 07/30 6492246262 2130 219.98 07/30 6392234531 2108 288.35 07/26 5992091973 2132* 1,237.94 07/31 2592005112 2109 608.36 07/15 8892487756 2133 1,816.39 07/30 9092496697 2110 223.69 07/10 6492614001 2134 180.00 07/29 8582688333 2111 12,097.62 07/12 6692475796 2135 290.00 07/29 6292274209 2112 149.86 07/12 6692815356 2136 9,768.98 07/29 6092516471 2113 250.00 07/16 8992763663 2137 456.49 07/29 6192050350 2114 919.00 07/12 6692477184 2139* 5,375.00 07/31 6692451256 2115 4,961.92 07/11 6692101109 2140 37.78 07/29 6292279369 2116 68.93 07/15 6992097920 2141 5,011.29 07/29 6292151933 2118* 7,016.61 07/23 9092555681 2143* 9,750.00 07/31 6692207991 2119 334.20 07/24 9292579661 2145* 325.00 07/31 6692207992 2120 4,354.04 07/24 9292320573 2146 325.00 07/31 6692207993
Other Debits
Date Customer Bank Posted Reference amount Description Reference
07/03 15,000.00 WIRE TYPE:BOOK OUT DATE:130703 TIME:1628 ET 00370304426 TRN:2013070300304426 RELATED REF:13703D19033T0T12 BNF:JAMES B SHEIN DECLARATION ID:008604633779 PMT DET:July director fee
07/03 15,000.00 WIRE TYPE:WIRE OUT DATE:130703 TIME:1628 ET 00370304618 TRN:2013070300304618 SERVICE REF:012291 BNF:RICHARD E. NEWSTED ID:0037245669 BNF BK:FIFTH THIRD BANK ID:042000314 PMT DET:13703D2115660G98Ju ly director fee
07/05 384.60 MCGREGOR 0532 DES:REV INDUST ID:REVSTONE INDUST 86004037813 INDN:REVSTONE INDUSTRIES CO ID:1611211399 CCD PMT INFO:REV INDUSTRIESFSA CONTRIBS THROUGH 6.28. 2013\
07/10 1,390.23 BARCLAYCARD US DES:CREDITCARD ID:190588107 90015618860 INDN:GEORGE HOFMEISTER CO ID:2510407970 TEL
07/10 137,514.50 WIRE TYPE:BOOK OUT DATE:130710 TIME:1518 ET 00370240614 TRN:2013071000240614 RELATED REF:13710A24414U1P73 BNF:REVSTONE TRANSPORTATION LL ID:008666715085 PMT DET:6-20 Guardian (531.88) 6-29 payroll69,637. 257-12 payroll 68,409.13
* The preceding check(s) is still outstandin9 or has been included in a previous statement or is included in the ’Other Debits’ section as an ACH paperless transaction.
Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 20 of 54
H
BANK OF AMERICA, N.A. Account Number
LH1(LU, 1i bUbb.L
Least statement: Ubf28/2c This Statement: 07/31/2013
1MG
Customer Service 1-888-400-9009
REVSTONE INDUSTRIES LLC
Page 3 of 18
Bankruptcy Case Nuniber:1213262
FULL ANALYSIS CHECKING Other Debits - Continued
Date Customer Posted Reference Amount Description
Bank Reference
07/11 195.70 WIRE TYPE:WIRE OUT DATE:130711 TIME:0525 ET 00370287512 TRN:2013071000287512 SERVICE REF:001792 BNF:ASCALON ENTERPRISES, LLC ID:7381299309 BNF BK: FIFTH THIRD BANK ID:042000314 PMT DET:13710A0334CA 0737Pay dated 7-12-13
07/11 357.19 WIRE TYPE:WIRE OUT DATE:130711 TIME:0526 ET 00370287904 TRN:2013071000287904 SERVICE REF:001683 BNF:ASCALON ENTERPRISES LLC ID:7381299317 BNF BK:F IFTH THIRD BANK ID:042000314 PMT DET:13710A0418QT0 B26Pay dated 7-12-13
07/11 1,159.70 WIRE TYPE:WIRE OUT DATE:130711 TIME:0525 ET 00370287401 TRN:2013071000287401 SERVICE REF:001789 BNF:MCGREGOR AND ASSOCIATES H ID:60028072 BNF BK:W HITAKER BANK ID:042104168 PMT DET:13710A0239NZ0001 Pay dated 7-12-13
07/11 4,099.09 RETIREMENT SERVI DES:RETSVC401K ID:3631 91014363305 INDN:REVSTONE TRANSPORT CO ID:3560900030 CCD
07/18 11,925.00 WIRE TYPE:BOOK OUT DATE:130718 TIME:1535 ET 00370247451 TRN:2013071800247451 RELATED REF:13718D49531U0N97 BNF:CERIDIAN CLIENTS’ FUNDS TR ID:008188202709 PMT DET:REA P6349-00
07/18 20,000.00 WIRE TYPE:WIRE OUT DATE:130718 TIME:1534 ET 00370247089 TRN;2013071800247089 SERVICE REF:009630 BNF:ALEX SMITH ID:7381300248 BNF BK:FIFTH THIRD BA NK ID:042000314 PMT DET:13718E1624280M145ervices r endered 7-10 to 8-10-13
07/19 105.98 STAPLES DES:ECHECK ID:1503432627 99008079089 INDN:LUCAS CO ID:1210002031 CCD
07/25 342.76 WIRE TYPE:WIRE OUT DATE:130725 TIME:0922 ET 00370144404 TRN:2013072500144404 SERVICE REF:003502 BNF:ASCALON ENTERPRISES, LLC ID:7381299309 BNF BK: FIFTH THIRD BANK ID:042000314 PMT DET:1372492736NW OZ36Pay dated 7-26-13
07/25 1,159.62 WIRE TYPE:WIRE OUT DATE:130725 TIME:0923 ET 00370144546 TRN:2013072500144546 SERVICE REF:003627 BNF:MCGREGOR AND ASSOCIATES H ID:60028072 BNF BK:W HITAKER BANK ID:042104168 PMT DET:1372492640MW0660 Pay dated 7-26-13
07/25 3,768.80 RETIREMENT SERVI DES:RETSVC401K ID:3631 05015272606 INDN:REVSTONE TRANSPORT CO ID:3560900030 CCD
07/25 53,888.46 WIRE TYPE:BOOK OUT DATE:130725 TIME:0925 ET 00370145108 TRN:2013072500145108 RELATED REF:13724929512Z0Y95 BNF:REVSTONE TRANSPORTATION LL ID:008666715085 PMT DET:Repay payroll dated 7-26-13
07/31 1,236.57 BARCLAYCARD US DES:CREDITCARD ID:192859092 11019434810 INDN:GEORGE HOFMEISTER CO ID:2510407970 TEL
Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 21 of 54
BANK OF AMERICA, N.A. 540 W MADISON ST - 16th Floor CHICAGO, IL 60661
Account Number 01 01 140 05 M0000 iff Last Statement: 06/28/2013 This Statement: 07/31/2013
H
1MG
Customer Service 1-888-400-9009
REVSTONE INDUSTRIES LLC
Page 4 of 18
Bankruptcy Case Nunther:1213262
FULL ANALYSIS CHECKING Daily Balances
Date Ledger Balance Collected Balance Date Ledger Balance Collected Balance
06/28 712,447.48 712,447.48 07/16 478,662.77 478,662.77 07/01 700,270.07 700,270.07 07/18 446,737.77 446,737.77 07/02 603,561.19 603,561.19 07/19 446,631.79 446,631.79 07/03 568,936.01 568,936.01 07/22 432,805.54 432,805.54 07/05 568,351.41 568,351.41 07/23 471,768.93 471,768.93 07/08 567,111.74 567,111.74 07/24 461,797.09 461,797.09 07/09 566,843.56 566,843.56 07/25 402,637.45 402,637.45 07/10 448,915.14 448,915.14 07/26 447,118.09 447,118.09 07/11 438,141.54 438,141.54 07/29 431,373.55 431,373.55 07/12 424,975.06 424,975.06 07/30 439,717.76 439,717.76 07/15 478,912.77 478,912.77 07/31 420,955.63 420,955.63
Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 22 of 54
BANK OF AMERICA, N.A.
UlilLU, IL bUbbl
REVSTONE INDUSTRIES LLC
Account Number
Last statement: Ub728/207 This Statement: 07/31/2013
1MG
Customer Service
1-888-400-9009
H
Page 5 of 18
Bankruptcy Case Number:1213262
205473
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Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 23 of 54
BANK OF AMERICA, N.A. 540 W MADISON ST - 16th Floor CHICAGO, IL 60661
REVSTONE INDUSTRIES LLC
Account Number 01 01 140 05 M000u ff 52 Last Statement: 06/28/2013 This Statement: 07/31/2013
1MG
Customer Service 1-888-400-9009
H
Page 6 of 18
Bankruptcy Case Nuinber:1213262
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Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 24 of 54
BANK OF AMERICA, N.A. 540 W MADISON ST - 16th Floor CHICAGO, IL 60661
REVSTONE INDUSTRIES LLC
H
Account Number 01 01 140 05 M000u ff
Last Statement: 06/28/2013
This Statement: 07/31/2013
1MG
Customer Service 1-888-400-9009
Page 7 of 18
Bankruptcy Case Nuniber:1213262
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Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 25 of 54
BANK OF AMERICA, N.A. 540 W MADISON ST - 16th Floor CHICAGO, IL 60661
Account Number 01 01 140 05 M0000 s 52 Last Statement: 06/28/2013 This Statement: 07/31/2013
I
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Customer Service
1-888-400-9009
REVSTONE INDUSTRIES LLC
Page 8 of 18
Bankruptcy Case Number:1213262
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Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 26 of 54
BANK OF AMERICA, N.A.
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Page 9 of 18
Bankruptcy Case Nunther:1213262
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Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 27 of 54
BANK OF AMERICA, N.A. 540 W MADISON ST - 16th Floor CHICAGO, IL 60661
Account Number 01 01 140 05 M0000 ff Last Statement: 06/28/2013 This Statement: 07/31/2013
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Page 10 of 18
Bankruptcy Case Number:1213262
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Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 28 of 54
BANK OF AMERICA, N.A. 540 W MADISON ST - 16th Floor CHICAGO, IL 60661
REVSTONE INDUSTRIES LLC
Account Number 01 01 140 05 M0000 Last Statement: 06/28/2013 This Statement: 07/31/2013
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Page 11 of 18
Bankruptcy Case Nunther:1213262
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Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 29 of 54
BANK OF AMERICA, N.A. 540 W MADISON ST - 16th Floor CHICAGO, IL 60661
REVSTONE INDUSTRIES LLC
Account Number 01 01 140 05 M0000 ff 52 Last Statement: 06/28/2013 This Statement: 07/31/2013
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Page 12 of 18
Bankruptcy Case Number:1213262
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Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 30 of 54
BANK OF AMERICA, N.A. 540 W MADISON ST - 16th Floor CHICAGO, IL 60661
REVSTONE INDUSTRIES LLC
Account Number 01 01 140 05 M0000 c 52 Last Statement: 06/28/2013 This Statement: 07/31/2013
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Page 13 of 18
Bankruptcy Case Nuniber:1213262
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Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 31 of 54
BANK OF AMERICA, N.A. 540 W MADISON ST - 16th Floor CHICAGO, IL 60661
REVSTONE INDUSTRIES LLC
Account Number 01 01 140 05 M000u Last Statement: 06/28/2013 This Statement: 07/31/2013
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Page 14 of 18
Bankruptcy Case Nunber:1213262
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Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 32 of 54
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Page 15 of 18
Bankruptcy Case Number:1213262
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Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 33 of 54
BANK OF AMERICA, N.A. 540 W MADISON ST - 16th Floor CHICAGO, IL 60661
Account Number 01 01 140 05 M0000 111110M Last Statement: 06/28/2013 This Statement: 07/31/2013
1MG
Customer Service 1-888-400-9009
REVSTONE INDUSTRIES LLC
Page 16 of 18
Bankruptcy Case Nuniber:1213262
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Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 34 of 54
BANK OF AMERICA, N.A. 540 W MADISON ST - 16th Floor CHICAGO, IL 60661
REVSTONE INDUSTRIES LLC
Account Number 01 01 140 05 M0000 ff t2 Last Statement: 06/28/2013 This Statement: 07/31/2013
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Page 17 of 18
Bankruptcy Case Number:1213262
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Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 35 of 54
BANK OF AMERICA, N.A. 540 W MADISON ST - 16th Floor CHICAGO, IL 60661
REVSTONE INDUSTRIES LLC
Account Number 01 01 140 05 M000u Last Statement: 06/28/2013 This Statement: 07/31/2013
1MG
Customer Service 1-888-400-9009
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Page 18 of 18
Bankruptcy Case Number:1213262
IMPORTANT INFORMATION
CHANGE OF ADDRESS. Please call us at the customer service telephone number listed on the front of this statement to tell us about a change of address.
TERMS AND CONDITIONS. All deposits to, withdrawals from, or other transactions pertaining to your account(s) are subject to the terms and conditions of the agreement you received when you opened your account and any amendments thereto. Amendments to the agreement may be made from time to time in the manner stated therein.
IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR ELECTRONIC TRANSFERS. If you think your statement or receipt is wrong or if you need more information about an electronic transfer (e.g., ATM transactions, direct deposits or withdrawals, point-of-sale transactions) on the statement or receipt, telephone or write us at the address or number listed on the front of this statement as soon you can. We must hear from you no later than 60 days after we sent you the FIRST statement on which the error or problem appeared. � Tell us your name and account number � Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe there is an error or why you need more information
� Tell us the dollar amount of the suspected error.
For consumer accounts used primarily for personal, family or household purposes, we will investigate your complaint and will correct any error promptly. If we take more than 10 business days (20 business days if you are a new customer, for electronic transfers occurring during the first 30 days after the first deposit is made to your account), to do this, we will re-credit your account for the amount you think is in error so that you will have use of the money during the time it takes us to complete our investigation.
For other accounts, we investigate, and if we find we have made an error, we will make the appropriate adjustment to your account at the conclusion of our investigation.
DIRECT DEPOSITS. If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company, you may call us at the telephone number listed on the front of this statement to find out if the deposit was made as scheduled.
REPORTING OTHER PROBLEMS. You must examine your statement carefully and promptly. You are in the best position to discover errors and unauthorized transactions on your account. If you fail to notify us in writing of suspected problems or unauthorized transactions within the time periods specified in the deposit agreement (which periods are no more than 60 days after we make the statement available to you and in some cases are 30 days or less), we are not liable to you for, and you agree not to make a claim against us for the problems or unauthorized transactions.
Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 36 of 54
Revstone Industries, LLC, Period: June 30 - August 3, 2013 Case no.: 12-13262 (BLS) Debtor-in-possession
NOTE (A)
Transactions for the Debtor’s operations, in addition to those detailed in MOR-1, were processed through the bank accounts of one or more affiliates, who made direct payments or received direct deposits on account of the transactions summarized on the following Exhibit A to Note (A).
3
Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 37 of 54
LDbursements made by affiliates on beha’of Revstone Industries
Period 7 Ceridian/payroll related $ (159,856) $ (14,006) $ 173,861.51 Corporate payroll paid by subs
Period 7 Trade vendors $ - $ (15,817) $ 15,817.42 Corporate expenses paid by subs
Revstone Industries, LLC, Period: June 30 - August 3, 2013 Case no.: 12-13262 (BLS) Debtor-in-possession
Exhibit A to Note (A)
Contech Revstone Revstone Date Payee Castings I Metavatlon I Texas Die Transp. industries I EPTEC I CLS I Other Description
Total Disbursements on behalf of Revstone, $ (159,855.63) $(29,823.30( $ - $ - $ 189,678.93 $ - $ - $
4
Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 38 of 54
Revstone Industries, LLC, Period: June 30� August 3, 2013
Case no.: 12-13262 (BLS) Debtor-in-possession
MOR-2
UNAUDITED
Description
Management fee and shared service revenues
Selling, General and Adminstration General & Administrative
Salaries Benefits Other Expenses
Period 7
$ 1,523,037
417,874 65,514
298,408
Total SG & A 781,797
Operating Profit 741,240
Restructuring charges 55,481 Interest (Income) / Expense -
Loss/(Income) from subsidiaries (Note 7) (136,538) Misc. (Income) / Expense 1,311 Net Income (Loss) 820,987
The accompanying Notes are an integral part of this Statement of Operations.
5
Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 39 of 54
Revstone Industries, LLC, Debtor-in-possession
Period: June 30� August 3, 2013
MOR-3
UNAUDITED
Description
Case no.: 12-13262 (BLS)
8/3/2013 Current Assets Cash Amounts due from Revstone Transportation for cash deposits (see Note 4) Management fees receivable (see Note at MOR-5) Due from Related Companies - Restructuring Prepaid & Other
Total Current Assets
Plant, Property & Equipment (see Note 5) Accumulated Depreciation
Net Fixed Assets Due from Related Companies (see Note 6) Total Investment in Subsidiaries (see Note 7) Total Assets
Current Liabilities Accounts Payable Accrued Employment
Accrued Restructuring Intercompany Payables
Total Current Liabilities
Liabilities subject to compromise (see Note 8)
Total Liabilities
Shareholders Equity Investment (Equity) Accumulated Other Comp Inc Retained Earnings
Total Shareholders Equity
Total Liabilities and Equity
$ 296,912 (11,925)
2,468,300 14,996,804
1,243,970
18,994,061
26,155 (19,616)
6,539 16,869,741 45,367,818 81,238,159
205,498 81,859
16,249,589 2,435,846
18,972,792
92,892,111
111,864,903
3,500,000 (20,576,888) (13,549,856)
(30,626,744)
81,238,159
The accompanying notes are an integral part of this Balance Sheet.
Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 40 of 54
Revstone Industries, LLC, Period: June 30� August 3, 2013 Case no.: 12-13262 (BLS) Debtor-in-possession
Notes to MOR-2 and MOR-3
Note 1. Reservation of Rights:
Nothing contained in this Monthly Operating Report shall constitute a waiver of any of the Debtor’s rights or an admission with respect to its Chapter 11 proceedings, including, but not limited to, matters involving objections to claims, substantive consolidation, equitable subordination, defenses, ultimate allocation of proceeds from sales among debtor estates, characterization or re-characterization of contracts, assumption or rejection of contracts under the provisions of chapter 3 of title 11 of the United States Code ("Bankruptcy Code") and/or causes of action under the provisions of chapter 5 of the Bankruptcy Code or any other relevant applicable laws to recover assets or avoid transfers.
Note 2. Basis of Presentation:
Revstone Industries, LLC is a holding company that has not previously conducted any financial reporting as a stand-alone entity, nor for periods of less than one year. The financial statements contained herein were not intended to reconcile to any financial statements otherwise prepared or distributed by the Debtor or any of the Debtor’s affiliates. Significant efforts have been put forth to attribute the assets and liabilities to the proper legal entity between and among the Debtor and its subsidiaries and affiliates. However, because the Debtors’ accounting systems, policies, and practices were developed without consideration of stand-alone reporting for the Debtor, it is possible that not all assets or liabilities have been recorded at the correct legal entity. Accordingly, the Debtor reserves all rights to supplement or amend any financial statements contained in this Monthly Operating Report.
The Monthly Operating Report is limited in scope, covers a limited time period, and has been prepared solely for the purpose of complying with the monthly reporting requirements of the Bankruptcy Court and the United States Trustee. The information presented herein has not been subject to all procedures that would typically be applied to financial information presented in accordance with U.S. Generally Accepted Accounting Principles ("U.S. GAAP"). Upon the application of such procedures (such as tests of asset impairment), the Debtor believes that the financial information could be subject to changes, and these changes could be material. The information furnished in this Monthly Operating Report includes normal recurring adjustments, but does not include all of the adjustments that would typically be made for interim financial statements in accordance with U.S. GAAP. In addition, certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. Therefore, the Debtor cautions readers not to place undue reliance upon the information contained in this Monthly Operating Report.
The results of operation herein are not necessarily indicative of results which may be expected from any other period or for the full year and may not necessarily reflect the results of operations, financial position, and cash flows of the Debtor in the future.
Certain transactions recorded in the period may relate to other monthly periods as the Debtor’s accounting function and processes were not established to provide external reporting for each entity on a monthly basis.
These financial statements filed with the U.S. Bankruptcy Court are subject to change. The Debtor may, at a future date, amend this Monthly Operating Report for updated financial information.
7
Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 41 of 54
Revstone Industries, LLC, Period: June 30� August 3, 2013 Case no.: 12-13262 (BLS) Debtor-in-possession
Note 3. Use of Estimates:
The Debtor makes estimates and assumptions that affect the reported amounts of assets and liabilities and revenue and expenses. Actual results may differ from those estimates. Estimates are used when accounting for items and matters such as revenue recognition and accruals for losses on contracts, allowances for uncollectible accounts receivable, inventory provisions and outsourced manufacturing related obligations, product warranties, estimated useful lives of intangible assets and plant and equipment, asset valuations, impairment and recoverability assessments, employee benefits including pensions, taxes and related valuation allowances, and provisions, restructuring and other provisions, contingencies and pre-petition liabilities, among other items.
Note 4. Amounts due from/to Revstone Transportation for cash deposits/payroll disbursements
Prior to filing its bankruptcy petition, the Debtors began utilizing a bank account in the name of its wholly owned subsidiary, Revstone Transportation, to conduct payroll and operating expense transactions. As of April 12, 2013 all cash previously held in this account, net of disbursements made out of the account on behalf of the Debtor, was transferred to a Debtor account. On a limited basis following April 12 th, certain disbursements were made out of the Revstone Transportation account on the Debtor’s behalf and the account received funds from the Debtor. $11,925 was due to Revstone Transportation as of August 3, 2013 on account of these transactions.
Note 5. Property, Plant and Equipment
Property, Plant and Equipment was reported previously with a balance of $45,276. As the Debtor continued to review its balance sheet it was determined that $19,121 that was recorded for construction-in-progress on the Debtor’s books belonged on the books of an affiliate and the appropriate post-period adjustment was made, which is reflected in the current balance of $26,155.
Note 6. Due From Related Companies
Historically the Debtor and its subsidiaries has followed an accounting practice whereby transactions between subsidiaries that may not necessarily involve the Debtor have been recorded though intercompany entries in the books of the Debtor. This involves recording a debit or credit to or from one party to the transaction to that party’s account on the Debtor’s ledger and recording the offsetting credit or debit from or to the counterparty to the counterparty’s account on the Debtor’s ledger. This form of intercompany activity tracking results in a grossing up of the intercompany accounts. The Debtor is in the process of analyzing the activity in accounts classified under Due From Related Companies to identify those transactions which related to activity involving the Debtor and which activity is related solely to transactions between subsidiaries.
Note 7. Investments in subsidiaries:
Investments in subsidiaries include the following:
Revstone Energy, LLC 0
Revstone Industries Canada Inc. 0
Revstone International S.ar. L $26,124
8
Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 42 of 54
Revstone Industries, LLC, Period: June 30� August 3, 2013 Case no.: 12-13262 (BLS) Debtor-in-possession
Revstone Lighting, LLC 0
Revstone Mexico S. De R.L. De C.V. $241
Revstone Plastics, LLC 0
Revstone San Luis Potosi S. De. RL. De C.V.
$159,740
Revstone Tool & Engineering, LLC 0
Revstone Transportation, LLC $32,208,982
Revstone Wallaceburg Canada, Inc. (ArKel) $12,972,731
Total $45,367,818
The consolidating books of Revstone Industries, LLC include a negative investment balance of ($2,043,581) as of August 3, 2013 representing the Debtor’s equity share of the accumulated losses of Revstone Lighting, LLC’s ChML minority investment and its direct subsidiary Creative Lighting Solutions, LLC. For purposes of Revstone Industries, LLC as a stand-alone entity, the investment has been adjusted to $0 on a per books basis.
On January 7, 2013 two subsidiaries of Revstone Tool and Engineering, LLC, (1) Greenwood Forgings, LLC, and (2) US Tool and Engineering, LLC filed chapter 11 bankruptcy petitions. For purposes of Revstone Industries, LLC as a stand-alone entity, the investment in these entities has been adjusted to $0 on a per books basis.
On July 22, 2013, Revstone Transportation, LLC’ s subsidiary, Metavation, LLC, filed for protection under chapter 11 of the Bankruptcy Code. As a result, Metavation, LLC is in the process of closing its June and July financial statements. No adjustment to the value of the Debtor’s investment in Revstone Transportation, LLC is reflected in this monthly operating report pending the closing of the Metavation results.
On August 2, 2013, a substantial portion of the assets and business of Revstone Transportation, LLC’s subsidiary, Contech Castings, LLC, was sold. The Debtor is in the process of closing the results for the period and recording the effects of the sale on the subsidiary’s financial statements. No adjustment to the value of the Debtor’s investment in Revstone Transportation, LLC is reflected in this monthly operating report pending the closing of the Contech results and effects of the sale.
The results for both the current period (July, 2013) and the previous period will be recorded upon closing of the books of the Revstone Transportation subsidiaries in a future report.
Note 8. Liabilities Subject to Compromise:
As a result of the Chapter 11 Proceedings, pre-petition liabilities may be subject to compromise or other treatment under the Debtor’s Chapter 11 proceedings. Generally, actions to enforce or otherwise effect payment of pre-petition liabilities are stayed. Although pre-petition claims are generally stayed, under the Chapter 11 proceedings, the Debtor is permitted to undertake certain actions designed to stabilize the Debtor’s operations including, among other things, payment of employee wages and benefits, maintenance of its cash management system, satisfaction of customer obligations, payments to suppliers for goods and services received after the Petition Date and retention of professionals.
Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 43 of 54
Revstone Industries, LLC, Period: June 30� August 3, 2013 Case no.: 12-13262 (BLS) Debtor-in-possession
The Debtor has been paying and intends to continue to pay undisputed post-petition obligations in the ordinary course of business. In addition, the Debtor may reject pre-petition executory contracts and unexpired leases with respect to the Debtor’s operations, with the approval of the U.S. Bankruptcy Court. Damages resulting from rejection of executory contracts and unexpired leases are treated as pre-petition general unsecured claims and will be classified as liabilities subject to compromise. Any differences between claim amounts listed by the Debtor in its Schedules of Assets and Liabilities (as may be amended) and claims filed by creditors will be investigated and, if necessary, the U.S. Bankruptcy Court will make the final determination as to the amount, nature and validity of claims. The determination of how liabilities will ultimately be settled and treated cannot be made until the U.S. Bankruptcy Court approves a Chapter 11 plan of reorganization. Accordingly, the ultimate amount of such liabilities is not determinable at this time.
ASC 852 requires pre-petition liabilities of a debtor that are subject to compromise to be reported at the claim amounts expected to be allowed, even if they may be settled for lesser amounts. The Debtor will continue to evaluate the classification of their pre-petition liabilities through the remainder of this Chapter 11 case. As a result, the amount of "liabilities subject to compromise" is subject to change. Liabilities subject to compromise include the following items as of August 3, 2013:
Intercompany amounts due Accounts Payable - trade Accounts Payable - other Miscellaneous Accrued Liabilities Accrued Property Taxes Accrued Severance Accrued Interest-Revstone Industries-General Note Payable - ST-Revstone Industries-General Note Payable - ST Intercompany-Revstone Industries-General Capital lease obligation ST - Rev Ind Capital Lease obligation LT - Rev Ind
$ 66,759,820 3,842,552
188,239 7,778,149
10,763 751,340 882,437
11,440,086 1,238,813
6,158 6,283
92,904,639
A non-debtor subsidiary of the Debtor is the sponsor of two (2) defined benefit pensions plan subject to regulation by the Pension Benefit Guarantee Corporation ("PBGC"). On March 1, 2013 the PBGC filed a complaint related to a notice of termination related to these pension plans which was subsequently withdrawn and filed again on August 23, 2013. In addition, a non-debtor affiliate is the sponsor of a defined benefit plan subject to regulation by the PBGC. On September 6, 2013, the PBGC filed an amended complaint to terminate all three plans. The current estimate of liabilities subject to compromise does not include any estimate for any claim that may be allowed in the future against the Debtor as a member of a control group related to these pension plans in the event the PBGC would succeed in terminating the plans.
Note 9. Reorganization Items: ASC 852 requires items of revenue and expense directly attributed to the reorganization such as professional fees directly related to the U.S. Debtors’ Chapter 11 Proceedings, realized gains and losses, and provisions for losses resulting from such proceedings to be separately accumulated and disclosed in
10
Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 44 of 54
Revstone Industries, LLC, Period: June 30 - August 3, 2013 Case no.: 12-13262 (BLS) Debtor-in-possession
the statement of operations. Through August 3, 2013 the Debtor recorded $16,249,589 of reorganization and restructuring related obligations. $14,996,884 has been allocated to subsidiaries and affiliates and are recorded as either restructuring charges for non-debtors or reorganization items for debtors. The Debtor recorded net reorganization items of $55,481 in the period primarily for accrued professional fees.
Note 10. Post-Petition Accounts Payable: To the best of the U.S. Debtors’ knowledge, all undisputed post-petition accounts payable have been and are being paid in the ordinary course of the U.S. Debtors’ business. The accompanying MOR-4 details the outstanding post-petition accounts payable as of August 3, 2013.
11
Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 45 of 54
Revstone Industries, LLC, Period: June 30 - August 3, 2013 Case no.: 12-13262 (BLS) Debtor-in-possession
1IM!
Supplier Invoice Date Current 1-30 Days 31-60 Days 61-90 Days 91+ Days Total Aflac Group (Aflac Group)
7/31/2013 - 70.20 - - -
Aflac Group Subtotals: - 70.20 - . .. .. 70.20
Alex Smith (Alex Sn -ith) 7/15/2013 - 20000.00 - - -
7/30/2013
Alex Smith Subtotals: - 20,671.66 - - - 20,671.66
ANXeBusiness Corp (ANXeBusiness) 3/22/2013 - - - - 2,011.50
ANXeaislness Subtotals 2011 50 2011 50
Arkadin, Inc. (Arkadin) 7/31/2013 - 280.82 - - -
Arkadin Subtotals 28082 28082
Ascalon Enterprises LLC ( Ascalon)
4/1/2013 -
7/1/2013 - . - . 7,710.84 - -
Ascalon Subtotals: 771084 771084 15421 68
AT&T( AT&T- 8615 & 8565)
7/10/2013 - 438.05 - - -
AT&T 8615 & 8565 Subto 43805 43805
AT&T(AT&T-VPRBN)
AT&T VPNSubtotals 378891 378891
AT&T Mobility ( AT&T Mobility - 0744) .
AT&T Mobility- 0744 SubI - 1,200.63
AT&T Mobility ( AT&T Mobility - 4124) 7/9/2013 - 1,735.69
AT&T Mobility 4124 SubI 1,735.69
AT&T Mobility ( AT&T Mobility - 9448)
7/9/2013 - 2,121.73
,,AT&T Mobility- 9448 SubI - 2,121.73
Rand PI1Vft( S.,n,in ii ( ( Rand Ri-4VAC
1,735.69
- - - 2,121.73
6/27/2013
Band RHVAC Subtotals 9918 9918
Box.Net, Inc. C Boxnet) 7/17/2013 - 1,000.00 - - -
Boxnet Subtotals 1 .000 -00 1 00000
Brandt Fisher Alward & Pezzetti PC ( Brandt Fisher)
10/19/2012 - -. . - (5,627.48)
Brandt Fisher Subtotals (562748) (562748)
Ceridian ( Ceridian) 8/1/2013 - 988.77 - - -
Ceridian Subtotals: - 1,040.76 - - - 1,040.76
12
Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 46 of 54
Revstone Industries, LLC, Period: June 30� August 3, 2013 Case no.: 12-13262 (BLS) Debtor-in-possession
MOR-4 (continued) Supplier Invoice Date Current 1-30 Days , 31-60 Days 61-90 Days 91+ Days Total Charter Township of Chesterfeld (charter Twp Cheslfid Tax)
7/1/2013 71312013 - - 4966.40 - -
Charter Twp Chestfld Ta 593858 593858
Cintas Doc’ument Management( Cintas 2/c r4rmt) 7/26/2013
Cintas Doc Mgmnt Subtoi 5827 5827
City of Southfteld ( City of Southfield Water) 6/26/2013 - - 103.76 - - 6/26/2013 - - 60.02 - - 7/24/2013 - 103.43 - - -
7/24/2013 - 51.22 - - -
City of Southfield Water E 15465 16378 31843
City of Southfield try M Lowenberg Treasurer) CRY of Southfield Taxes) 7/12/2013 - 4,712.60 - - -
City of Southfield Taxes 471260 471260
Supplier invoice Date Current 1-3012/vs 31-60 Days 61-66Days ’61+ bays Total
Corn cast) Conast) 2/7/2013 (23793)
Corn cast Subtotals: - - - - (237.93) (237.93)
Hilltop Properties LLC ( Hilltop Properties) 12/13/2012 - - - - 488.45 1/4/2013 - - - - 3,343.58 6/26/2013 - - 2.82051 - - 7/1/2013 - - 17,655.12 T - -
Hilltop Properties Subtot 2047563 383203 2430766
Internal Revenue Service ( Internal Revenue Ogden) 12/17/2012 25.88
1.
Internal l eve nue Ogden 25.88 2588
Kentucky State Treasurer) Kentucky State Treasurer) 12131/2010
Kentucky State Treasure 17500 17500
Kentucky Utilities) Kentucky Utilities KY) 7/24/2013 - 154.10 7/24/2013 - 494.56 - -
Kentucky Utilities KY Sub - 648.66 -
- 648.66
Logicalis, Inc. ( Logicalis)
.7/17/2013 - 456.49 - - -
Logicalis Subtotals: 1,072.46
Mellen, Smith & Piyoz PLC) Metes Smith) 7/22/2013 - 17,360.00 - - - 7/31/2013 - 15,825.00
Mallen Smith Subtotals 3318500 3318500
Much She list ( Mach Shelist) 8/1/2013 - 16,864.50 - -
Much Shelist Subtotals 1686450 1686450
PA Dept. of ’ Revenue PA 12/pt. of Revenue)
17.00
PA Dept of Revenue Subi 1700 1700
13
Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 47 of 54
Revstone Industries, LLC, Period: June 30� August 3, 2013 Case no.: 12-13262 (BLS) Debtor-in-possession
MOR-4 (continued) Supplier Invoice Date Current 1-30 Days 31-60 Days 61-90 Days 91+ Days Total Pinnacle Printing ( Pinnacle Punting)
(33.92)
Pinnacle Printing Subtota (33.92) (33.92)
�Plex System’ s’, Inc. (Rex Systerns)
6/24/2013 - - 104.12 - -
6/30/2013 � 6/30/2013 - . - 761.60: -
7/1/2013 - - �� 4638.00! - -
7/1/2013 ��- - 17,645.00 -
7/31/2013 - 40.00 - - -
.8/20/2013 . (40.00)
PlexSystems Subtotals (4000) 4000 6416326 6416326
Premier Carpet Cleaning( Perrier Carpet) 66/2013 - - 360.00
Premier Carpet Subtotal 36000 36000
Semco EnergyGas Company( Seno Biergy)
7/31/2013 - : 60.68 - - -
Semco Biergy Subtotals: - 60.68 - -. - 60.68
Sicillano Mychalowych & Van Dusan PLC ( Siciliano Mychalowych)
10/19/2012 -
- ..
- (9.880.29)
Siclliano Mychalowych SL - - - - . (9,880.29) (9,880.29)
UHY Advisors Ml Inc( Ul-IY Advisors) 7/14/2013
7/21/2013 - : 6,825.00 - - -
7/25/2fl11 - : 570000
UPS ( UPS)
7/6/2013 - 72.51 - - -
7/20/2013 - 50.26 - - -
7127/2013 - 42.87
UPS Subtotals: - 165.64 . - :............
- . 165.64
UpShot Services LLC ( UpShot Services)
7/3/2013 - �
250.00
UpShot Services Subtota - � - 250.00 - - 250.00
Wisconsin Dept. of Revenue (W Dept of Revenue)
12/31/2010 -...................................... - �- 25.00
WI Dept of Revenue Subti - � - . - - 25.00 25.00
Grand Totals: (40.06) 108,358.91 99,161.27 - (1,982.37) 205,497.81
14
Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 48 of 54
085-DIV/DEPT PAYROLL REGISTER 085 GRAND TOTALS PAY
REA REVSTONE INDUSTRIES LLC 07/26/13 8 -07/26/13 15 20 NO. CO. NAME REPORT DATE CHECKS DATED PERIOD PAGE NO,
HOURS/EARNS PC DESCRIPTION HOURS EARNINGS PC DESCRIPTION HOURS EARNINGS CURRENT I REGULAR 1,040.00 72,519.22 FSAD 192.30-
FSAH 262.30- HSA 1,021.14- TOTAL 1,040.00 71,043.48
PRE-TAX ITEMS CURRENT 401C% 213.46- 401K 3,423.05-
DENTL 142.40- MED 342.76- VISN 41.26- AFLPT 35.10-
TOTAL 4,198.03-
HOURS/EARNS PC DESCRIPTION HOURS EARNINGS PC DESCRIPTION HOURS EARNINGS Q-TO--D I REGULAR 2,000.00 141,961.52 TOTAL 2,000.00 141,961.52 Y-TO-D 1 REGULAR 16,680.00 1,285,788.42 3P VAC PAYOUT 70.00 5,286.06
TOTAL 16,750.00 1,291,074.48 FLX-1 1 REGULAR 2,000.00 141,961.52 TOTAL 2,000.00 141,961.52
DEDUCTION TO NET CURRENT $CS2 708.51 CHILD 2.86 ENTER 82.29- EXPNS 2,899.06-
MEAL 96.52- ROTH i.00 SPOUS 11 30 TRVL 1,559.24- VOLIN 113.95 401L1 131.29 TOTAL 3,668.20-
QTD $CS2 1,417.02 CHILD 4.24 ENTER 195.58- EXPNS 3,299.06- MEAL 115.35- ROTH 2.00 SPOUS 22.60 TRVL 2,271.98- VOLIN 207.22 401L1 262.58 TOTAL 3,966.31-
YTD $CS2 10,627.65 CHILD 53.52 CILLC 1.21 CILLE 23.87 CILLS 11.88 ENTER 221.58- EXPNS 21,121.37- MEAL 5,149.46- ROTH 15.00 SPOUS 233.15 TRVL 60,148.72- TUITN 947.98- VOLIN 2,134.79 401L1 1,783.69 TOTAL 72,704.35-
FTD1 $CS2 1,417.02 CHILD 4.24 ENTER 195.58- EXPNS 3,299.06- MEAL 115.35- ROTH 2.00 SPOUS 22.60 TRVL 2,271.98- VOLIN 207.22 401L1 262.58 TOTAL 3,966.31-
EARNINGS FROM DEDUCTIONS QTD FSAD 384.60- FSAH 524.60- HSA 2,042.28- YTD FSAD 2,884.50- FSAH 3,934.50- HSA 18,542.10- FTD1 HSA 2,042.28-
PRE-TAX ITEMS QTD 401C% 426.92- 401K 7,423.07- DENTL 284.80- MED 716.83-
VISN 82.52- AFLPT 70.20- TOTAL 9,004.34- YTD 401C% 1.494.22- 401K 74.593.76- DENIL 2.503.46- MED 6.542.76-
VISN 741.96- AFLPT 740.46- TOTAL 86,616.62- FTD1 401C% 426.92- 401K 7,423.07- DENTL 284.80- MED 716.83-
VISN 82.52- AFLPT 70.20- TOTAL 9,004.34- MEMO DEDUCTION
CURRENT ACHBR 3,711.36 HSAER 138.48 QTD ACHBR 6,880.41 HSAER 27G.96 YTD ACHBR 58,412.49 HSAER 2,331.08 FTDI ACHBR 6,880.41 HSAER 276.96
OTHER DEDUCTIONS CURRENT W2GRP 277.29 QTD W2GRP 554.58 YTD W2GRP 5,870.39 FTD1 W2GRP 554.58
DED BALANCES 401L1 3,014.41 FSAD 2,884.50- FSAI-1 3.934.50- HSA 17,192.10- HSAER 2,192-60
Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 49 of 54
n-orwl
085-DIV/DEPT PAYROLL REGISTER 085 GRAND TOTALS PAY
PEA REVSTONE INDUSTRIES LLC 07/26/13 B-07/26/13 15 21 NO. CO. NAME REPORT DATE CHECKS DATED [ PERIOD PAGE NO.
GROSS TO NET WAGES SOCSEC FEDERAL STATE LOCAL SDI/UC DEDUCTION NET MED ICR
CUR GRPAY 66845.45 2809.13 12008.33 3292.81 TOT 3668.20- 51249.79 GRCOMP 71043.48 1153.59 2135.69 KY
1157.12 MI QTD GRPAY 130430.09 5560.50 23595.90 6449.53 TOT 4048.06- 96661.45
GRCOMP 139434.43 2210.77 4236.76 KY 2212.77 MI
YTD GRPAY 1185038.22 69908.17 218879.42 59297.47 TOT 73666.28- 892080.75 GRCOMP 1271654.84 18538.69 2468.26 IL
38723.34 KY 18105.87 MI
WAGE AND TAXES QTD WAGES QTD TAXES YTD WAGES YTD TAXES FXI WAGES FXI TAXES FX2 WAGES FX2 TAXES EE SSEC TO LMT 89685.22 5560.50 1127550.88 69908.17 89685.22 5560.50
MDCR TO LMT 138673.19 2210.77 1264736.01 18538.69 138673.19 2210.77 FIT 130430.09 23595.90 1185038.22 218879.42 130430.09 23595.90 FUTA TO LMT 2837.69 121837.69 2837.69 SIT IL ILLINOIS 49364 81 2468.26 KY KENTUCKY 75265.61 4236.76 685943.42 38723.34 75265.61 4236.76 MI MICHIGAN 55711.44 2212.77 455493.70 18105.87 55711.44 2212.77 SD I /UC IL ILLINOIS 48654.11 KY KENTUCKY 83076.92 764615.45 83076.92 MI MICHIGAN 58884.60 476959.03 58884.60
CURRENT TAX RECAP 0 VOID/MANUAL CHECKS INCLUDED ************************ LIABILITIES ************************
FORM 8109 FEDERAL DEPOSIT TYPE JURISDICTION TAXABLE WAGES LIMIT WAGES TO LIMIT RATE AMOUNT EMPLOYEE SSEC 2,809.13 EMPLOYEE MDCR 1,153.59 EMPLOYER SSEC 2,809.12 70,759.25 113700 45,308.34 6.20 % 2,809.12 SSEC EMPLOYER MDCR 1,026.01 70,759.25 UNLIM 70,759.25 1.45 % 1,026.01 MDCR EMPLOYEE FIT 12,008.33 TOTAL DEPOSIT 19,806.18 7.65 % 3,835.13
FUTA STANDARD RATE 70,481.96 7000 2,837.69 .60 % 17.03
SUI KY-KENTUCKY 41,538.46 9300 .00 3.30 % .00
SUI MI-MICHIGAN 30,980.76 9500 3,076.92 7.19 % 221.23 TOTAL 72,519.22 221.23
STATE/LOCAL TAXES WITHHELD **************** TAXABLE WAGES LIMIT WAGES TO LIMIT RATE AMOUNT
SIT KY-KENTUCKY 37,921.29 2,135.69
SIT MI-MICHIGAN 29,201.45 1,157.12 TOTAL 67,122.74 3,292.81
FEDERAL 401-K DEFERRAL LIMIT 17500 FEDERAL 401-K CATCH-UP DEFERRAL LIMIT 5500 EMPLOYEE CENSUS ACTIVE EMPS 16 NET PAY ANALYSIS # DEP ADV 13 EFTS TOTAL 51,249.79
INACTIVE EMPS 5 II EMPS PAID 13 TOTAL NET 51,249.79 *
TERM EMPS 45 TOTAL TAXES 23,337.25 **
TOTAL EMPS 66 74,587.04 ***
Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 50 of 54
nww-
085-DIV/DEPT PAYROLL REGISTER 085 GRAND TOTALS PAY
REA REVSTONE INDUSTRIES LLC 07/12/13 B-07/12/13 114 1 20 NO. CO. NAME REPORT DATE CHECKS DATED PERIOD PAGE NO.
HOURS/EARNS PC DESCRIPTION HOURS EARNINGS PC DESCRIPTION HOURS EARNINGS CURRENT 1 REGULAR 960.00 69,442.30 FSAD 192.30-
FSAH 192.30- HSA 1,021.14- TOTAL 960.00 68,036.56
PRE-TAX ITEMS CURRENT 401C% 213.46- 401K 3,846.17-
DENTL 126.36- MED 195.70- VISN 35.13- AFLPT 35.10-
TOTAL 4,451.92-
HOURS/EARNS PC DESCRIPTION HOURS EARNINGS PC DESCRIPTION HOURS EARNINGS Q-TO-D 1 REGULAR 960.00 69,442.30 TOTAL 960.00 69,442.30 Y-TO-D I REGULAR 15,640.00 1,213,269.20 3P VAC PAYOUT 70.00 5,286.06
TOTAL 15,710.00 1,218,555.26 FLX-1 I REGULAR 960.00 69,442.30 TOTAL 960.00 69,442.30
DEDUCTION TO NET CURRENT $CS2 708.51 CHILD 2.12 ENTER 113.29- EXPNS 400.00-
MEAL 18.83- ROTH 1.00 SPOUS II 30 TRVL 712.74- VOLIN 103.61 401L1 38.46 TOTAL 379.86-
QTD $CS2 708.51 CHILD 2.12 ENTER 113.29- EXPNS 400.00- MEAL 18.83- ROTH 1.00 SPOUS 11.30 TRVL 712.74- VOLIN 103.61 401L1 38.46 TOTAL 379.86-
VTD $CS2 9,919.14 CHILD 47.70 CILLC 1.21 CILLE 23.87 CILLS 11.88 ENTER 139.29- EXPNS 18,222.31- MEAL 5,052.94- ROTH 14.00 SPOUS 221.85 TRVL 58,393.13- TUITN 947.98- VOLIN 1,979.48 401L1 538.44 TOTAL 69,998.08-
FTD1 $CS2 708.51 CHILD 2.12 ENTER 113.29- EXPNS 400.00- MEAL 18.83- ROTH 1.00 SPOUS 11.30 TRVL 712.74- VOLIN 103.61 401L1 38.46 TOTAL 379.86-
EARNINGS FROM DEDUCTIONS QTD FSAD 192.30- FSAH 192.30- HSA 1,021.14- YTD FSAD 2,692.20- FSAH 2,692.20- HSA 17,520.96- FTDI HSA 1,021.14-
PRE-TAX ITEMS QTD 401C/ 213.46- 401K 3,846.17- DENTL 126.36- MED 195.70-
VISN 35.13- AFLPT 35.10- TOTAL 4,451.92- 401C% 1.280.76- 401K 69.016.81- DENTL 2.136.50- MED 3.702.82- VISN 614.88- AFLPT 705.36- TOTAL 77,457.13-
FTDI 401C% 213.46- 401K 3,846.17- DENTL 126.36- MED 195.70- VISN 35.13- AFLPT 35.10- TOTAL 4,451.92-
MEMO DEDUCTION CURRENT ACHBR 3,169.05 HSAER 138.48 QTD ACHBR 3,169.05 HSAER 138.48 YTD ACHBR 54,701.13 HSAER 2,192.60 FTD1 ACHBR 3,169.05 HSAER 138.48
OTHER DEDUCTIONS CURRENT W2GRP 269.67 WD W2GRP 269.67 YTD W2GRP 5,486.42 FTD1 W2GRP 269.67
DED BALANCES 401L1 1,769.16 FSAD 2,692.20- FSAH 2,692.20- HSA 16,170.96- HSAER 2,054.12
Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 51 of 54
085-DIV/DEPT PAYROLL REGISTER 085 GRAND TOTALS
REA REVSTONE INDUSTRIES LLC NO. CO. NAME
GROSS TO NET WAGES SOCSEC FEDERAL MEDICR
07/12/13 6-07/12/13 REPORT DATE CHECKS DATED
STATE LOCAL SDI/UC DEDUCTION
PAY 14 21 PERIOD PAGE NO.
NET
CUR GRPAY 63584.64 2751.37 11587.57 3156.72 TOT 379.86- 45411.66 GRCOMP 68036.56 1057.18 2101.07 KY
1055.65 MI QTD GRPAY 63584.64 2751.37 11587.57 3156.72 TOT 379.86- 45411.66
GRCOMP 68036.56 1057.18 2101.07 KY 1055.65 MI
YTD GRPAY 1118192.77 67099.04 206871.09 56004.66 TOT 69998.08- 840830.96 GRCOMP 1195649.90 17385.10 2468.26 IL
36587.65 KY 16948.75 MI
WAGE AND TAXES QTD WAGES QTD TAXES YTD WAGES YTD TAXES FXI WAGES FX1 TAXES FX2 WAGES FX2 TAXES EE SSEC TO LMT 44376.88 2751.37 1082242.54 67099.04 44376.88 2751.37
MDCR TO LMT 67913.94 1057.18 1193976.76 17385.10 67913.94 1057.18 FIT 63584.64 11587.57 1118192.77 206871.09 63584.64 11587.57 FUTA TO LMT 119000.00 SIT IL ILLINOIS 49364.81 2468.26 KY KENTUCKY 37344.32 2101.07 648022.13 36587.65 37344.32 2101.07 MI MICHIGAN 26509.99 1055.65 426292.25 16948.75 26509.99 1055.65 SDI/UC IL ILLINOIS 48654.11 KY KENTUCKY 41538.46 723076.99 41538.46 MI MICHIGAN 27903 84 445978 27 :17903.84
CURRENT TAX RECAP 0 VOID/MANUAL CHECKS INCLUDED ************************ LIABILITIES ************************
FORM 8109 FEDERAL DEPOSIT TYPE JURISDICTION TAXABLE WAGES LIMIT WAGES TO LIMIT RATE AMOUNT EMPLOYEE SSEC 2 751 37 EMPLOYEE MDCR 1,057.18 EMPLOYER SSEC 2,751.37 67 913 94 113700 44,376.88 6.20 / 2,751.37 SSEC EMPLOYER MDCR 984.75 67,913.94 UNLIM 67,913.94 1.45 % 984.75 MDCR EMPLOYEE FIT 11,587.57 TOTAL DEPOSIT 19,132.24 7.65 % 3,736.12
FUTA STANDARD RATE 67,644.27 7000 00 60 / 00
SUI KY-KENTUCKY 41,538.46 9300 00 3.30 / 00 SUI MI-MICHIGAN 27,903.84 9500 .00 7.19 % .00 TOTAL 69,442.30 .00
STATE/LOCAL TAXES WITHHELD ****************
TAXABLE WAGES LIMIT WAGES TO LIMIT RATE AMOUNT SIT KY-KENTUCKY 37,344.32 2,101.07 SIT MI-MICHIGAN 26,509.99 1,055.65 TOTAL 63,854.31 3,156.72
FEDERAL 401-K DEFERRAL LIMIT 17500 FEDERAL 401-K CATCH-UP DEFERRAL LIMIT 5500 EMPLOYEE CENSUS ACTIVE EMPS 15 NET PAY ANALYSIS ft DEP ADV 12 EFTS TOTAL 45,411.66
INACTIVE EMPS 5 ft EMPS PAID 12 TOTAL NET 45,411.66 * TERM EMPS 45 TOTAL TAXES 22,288.96 ** TOTAL EMPS 65 67,700.62 ***
Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 52 of 54
Revstone Industries, LLC, Period: June 30 - August 3, 2013 Case no.: 12-13262 (BLS) Debtor-in-possession
MOR-5
ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
II1AU1II. ’t!J1M Total Accounts Receivable at the beginning of the reporting period*
$1,178,290
+ Amounts billed during the p eriod** $1,523,000 - Amounts collected during the period $ 232,990 Total Accounts Receivable at the end of the reporting period $2,468,300
MISA 111 MMM A-1 0 MAE 11
0 - 30 days old 31 -60 days old 61 - 90 days old 91+ days old Total Accounts Receivable $2,468,300 Amount considered uncollectible (Bad Debt) $0 Accounts Receivable (Net) $2,468,300 *Accounts receivable represent management fees due from affiliates. Up until the petition date, management fees that were not collected were recorded as reductions to intercompany amounts due to affiliates or increases to amounts due from affiliates. Analysis with respect to the pre-petition period is ongoing under the direction of the CR0. **Inc ludes approximately $803,000 of management fees related to prior periods. The Debtor completed estimates and came to agreement with subsidiaries of an affiliated Debtor (Spara, LLC) during the period that management services were and continue to be provided by the Debtor directly to Spara subsidiaries.
DEBTOR QUESTIONNAIRE
!lPM:1JI iI!!1!i 1. Have any assets been sold or transferred outside the normal course of X
business this reporting period? If yes, provide an explanation below. 2. Have any funds been disbursed from any account other than a debtor X
in possession account this reporting period? If yes, provide an explanation below. (Yes, discussed in Note A)
3. Have all post petition tax returns been timely filed? If no, provide an X explanation below.
4. Are workers compensation, general liability and other necessary X insurance coverage in effect? If no, provide an explanation below.
5. Has any bank account been opened during the reporting period? If X yes, provide documentation identifying the opened account(s). If an investment account has been opened provide the required documentation pursuant to the Delaware Local Rule 4001-3.
15
Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 53 of 54
Revstone Industries, LLC, Period: June 30� August 3, 2013 Case no.: 12-13262 (BLS) Debtor-in-possession
16
Case 12-13262-BLS Doc 1064 Filed 09/25/13 Page 54 of 54
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF DELAWARE
In re: ) Chapter 11 )
REVSTONE INDUSTRIES, LLC, et al.,’ ) Case No. 12-13262 (BLS) )
Debtors. ) (Jointly Administered) )
AFFIDAVIT OF SERVICE
Monica A. Molitor, being duly sworn according to law, deposes and says that she is
employed by the law firm of Pachuiski Stang Ziehl & Jones LLP, counsel for the Debtors in the
above-captioned action, and that on the 25 th day of September, 2013, she caused a copy of the
following document(s) to be served upon the attached service list(s) in the manner indicated:
[Revstone Industries, LLC] Monthly Operating Report (Reporting Period: June 30� August 3, 2013)
Monica A. Molitor, Paralegal
SWORN TO AND SUBSCRIBED WiiIbon this 25t1 day of September, 2013.
- -P--kJOHN BOWER NOTARY PUBLIC
y Public STATE OF DELAWARE My Conunission Expires .iviy commission expires Nov. 13 2014
The Debtors in these Chapter 11 Cases and the last four digits of each Debtors’ federal tax identification numbers are: Revstone Industries, LLC (7222); Spara, LLC (6613); Greenwood Forgings, LLC (9285); and US Tool and Engineering, LLC (6450). The location of the Debtors’ headquarters and the service address for each of the Debtors is 2250 Thunderstick Dr., Suite 1203, Lexington, KY 40505.
DOCS_DE: 185594.62 73864/001
Case 12-13262-BLS Doc 1064-1 Filed 09/25/13 Page 1 of 2
Revstone, et al. and Metavation LLC MOR Service List Case No. 12-13263 (BLS) Document No. 186748 04� HAND DELIVERY 04� FIRST CLASS MAIL
HAND DELIVERY Jane Leamy, Esquire Office of the United States Trustee 844 King Street, Suite 2207 Lockbox 35 Wilmington, DE 19801
HAND DELIVERY (Counsel to Boston Financial Group) Stuart M. Brown, Esquire R. Craig Martin, Esquire Cynthia Moh, Esquire DLA Piper LLP (US) 919 N. Market Street, 15th Floor Wilmington, DE 19801
HAND DELIVERY (Counsel to Unsecured Creditors’ Committee) Matthew P. Ward, Esquire Steven K. Kortanek, Esquire Mark L. Degrosseilliers, Esquire Womble Carlyle Sandridge & Rice, LLP 222 Delaware Avenue, Suite 1501 Wilmington, DE 19801
HAND DELIVERY (Counsel to Wells Fargo Capital Finance, LLC) David M. Powlen, Esquire Kevin G. Collins, Esquire Barnes & Thornburg LLP 1000 N. West Street, Suite 1500 Wilmington, DE 19801
FIRST CLASS MAIL (Counsel to Wells Fargo Capital Finance) Jonathan N. Helfat, Esquire Otterbourg, Steindler, Houston & Rosen, P.C. 230 Park Avenue New York, NY 10169
FIRST CLASS MAIL (Counsel to Boston Financial Group) Gregg M. Galardi, Esquire Gabriella Zborovsky, Esquire DLA Piper LLP (US) 1251 Avenue of the Americas, 27th Floor New York, NY 10020
FIRST CLASS MAIL (Counsel to General Motors LLC) Aaron M. Silver, Esquire Honigman Miller Schwartz and Cohn LLP 2290 First National Building 660 Woodward Avenue, Suite 2290 Detroit, MI 48226
FIRST CLASS MAIL (Counsel to Chrysler Group LLC) Sheryl L. Toby, Esquire Dykema Gossett PLLC 39577 Woodward Ave., Suite 300 Bloomfield Hills, MI 48304
DOCS_DE: 186748.173864/001
Case 12-13262-BLS Doc 1064-1 Filed 09/25/13 Page 2 of 2