United States Bankruptcy Court District of Delaware: Corporate Montfily Operating Report

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)
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

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)
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
..
,,
'
. ,.,..
"
::
::;
'
'
,jj,'
.~"
'
'
~~OOOOOC>OOO
................
'
<><>O<><><><><><><><>
"
.,
i i
Il
j
I
~
<>~ogooo
l
! i
! !
a
i
<>:::
.......... ., ..........
. .................. ..
. ~ ..
'
! '~ N
'
'
'
'. ~
!
i
000Q0000
'
gooo
OOOOOOOQQQ
'
....... !
......,
ooo!ooo
ooo
0000000
ooooooo
o~~~o~ 00 ~
"'Sl~
OOOOOOOOOe>
.......
'
''
:;!
000000~
tO
...... !
OOOQOOOO
!
!II
00000000
!0
0000000
'
~
OOQOO
II
!
.!IJT ~ ~
'
0>
i
"
i
....... !
....' .
'
:,~ ~
nnn:

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

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

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

United States Bankruptcy Court District of Delaware: Corporate Montfily Operating Report

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

United States Bankruptcy Court District of Delaware: Corporate Montfily Operating Report

Uploaded by

Copyright:

Available Formats

UNITED STATES BANKRUPTCY COURT

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

CORPORATE MONTfiLY OPERATING REPORT

Printed Narne of Authorized Individual

Allied Systems Holding, lnc.~t a/.

Axis Group Ax<s Canada CT Servlces

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

Allied Systems Holdings, Inc., et al.

Allied Systems Holdings, Inc.,

Deposits (see supp schedule}

DIP Loan Activity

Fidelity AH- Fidelity AH ~Fidelity AH ~Fidelity

Overnight Invest Activity {see supp sch)

Balance Per Bank Stml.

US Bank Accounts June 30

MOR-1a US Bank Accounts June 30

Allied Systems Holdings, Inc., eta/.

Balance Per Bank Simi.

Axis -JPMorgan AAG-JPMorgan AH-JPMorgan

Deposits {see supp schedule}

Transfers (see Supp schedule)

Bank Debits {see supp. schedule}

Overnight Invest Activity {see supp sch}

DIP Loan Activity

Balance Per Sank Stmt.

(see Supp Schedule}

MOR-1a US Bank Accounts June 30

Allied Systems Holdings, Inc.,

ASL -Ohio State Bk

CDA -Dir Reimb

FJB- M&l Bank

ASL- PNC Bank

AH- First Citizens ASL -First Bank

Deposits (see supp schedule)

Transfers {see Supp schedule)

Balance Per Bank Stmt

Bank Debits {see supp. schedule)

Overnight Invest Activity {see supp sch)

DIP Loan Activfty

Swing Une Activity {see Supp Schedule)

Balance Per Bank Stmt.

MOR-1a Canadian Bank Accounts June 30

Allied Systems Holdings, Inc., eta/.

Depos<ts (see supp schedule)

Transfers (see Supp schedule)

Bank Debits (see supp. schedule)

Balance Per Bank Stml.

Allied Systems Holdings, Inc., eta/.

No Other Debtors have Accounts Payable.

Allied Systems, Holdings, Inc., et al.

Allied Systems Holdings, Inc., et al.

Axis Group Inc

Ending G/L Balance

Accounts Receivable Agings

No other Debtors have accounts receivables.

Allied Systems Holdings, Inc., eta/.

Allled Systems (Canada) Company

Date of Court order

Duff and Phelps

Total Incurred &

Allied Systems Holdings, Inc., et al.

Allied Systems Holdings, Inc., et al.