Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - EVERGREEN SOLAR INC | v238844_8k.htm |
Exhibit 99.1
UNITED STATES BANKRUPTCY COURT
DISTRICT OF Delaware
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In re: Evergreen Solar, Inc
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Case No. Case No. 11-12590 (MFW)
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|
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Debtor
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Reporting Period: August 28 - October 1, 2011
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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.
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Document
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Explanation
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Affidavit/Supplement
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||||||
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REQUIRED DOCUMENTS
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Form No.
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Attached
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Attached
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Attached
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||||
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Schedule of Cash Receipts and Disbursements
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MOR-1
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X
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||||||
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Bank Reconciliation (or copies of debtor's bank reconciliations)
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MOR-1a
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X
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||||||
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Schedule of Professional Fees Paid
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MOR-1b
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X
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||||||
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Copies of bank statements
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X
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|||||||
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Cash disbursements journals
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||||||||
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Statement of Operations
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MOR-2
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X
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||||||
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Balance Sheet
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MOR-3
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X
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||||||
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Status of Postpetition Taxes
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MOR-4
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X
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||||||
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Copies of IRS Form 6123 or payment receipt
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X
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|||||||
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Copies of tax returns filed during reporting period
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X
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|||||||
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Summary of Unpaid Postpetition Debts
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MOR-4
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|||||||
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Listing of aged accounts payable
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MOR-4
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X
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||||||
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Accounts Receivable Reconciliation and Aging
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MOR-5
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X
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||||||
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Debtor Questionnaire
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MOR-5
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X
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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.
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Signature of Debtor
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Date
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/s/ Donald W. Reilly
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10/31/11 | |
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Signature of Authorized Individual*
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Date
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Donald W. Reilly
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Chief Financial Officer
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|
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Printed Name of Authorized Individual
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Title of Authorized Individual
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*Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.
MOR
(04/07)
Evergreen Solan, Inc
Case No. 11-12590
Schedule of Receipts & Disbursements
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$ amounts in 000's
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September
Plan
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September
Actual
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Rolling
Variance
Fav/(Unfav)
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Cumulative
Forecast
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Cumulative
Actual
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Rolling
Variance
Fav/(Unfav)
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||||||||||||||||||
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Receipts:
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||||||||||||||||||||||||
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Pre-petition receivables
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$ | - | $ | 1,106.7 | $ | 1,106.7 | $ | - | $ | 2,432.0 | $ | 2,432.0 | ||||||||||||
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Post-petition Inventory Sales
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- | - | - | - | - | - | ||||||||||||||||||
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Total Receipts
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$ | - | $ | 1,106.7 | $ | 1,106.7 | $ | - | $ | 2,432.0 | $ | 2,432.0 | ||||||||||||
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Disbursements
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||||||||||||||||||||||||
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Operating Disbursements
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||||||||||||||||||||||||
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Salaries & Benefits
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$ | 1,727.3 | $ | 1,530.0 | $ | 197.2 | $ | 1,837.5 | $ | 1,645.2 | $ | 192.2 | ||||||||||||
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Rent, utilities and taxes
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494.0 | 433.9 | 60.1 | 558.0 | 433.9 | 124.1 | ||||||||||||||||||
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Materials, fees and other
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988.9 | 465.1 | 523.8 | 1,329.8 | 542.8 | 787.0 | ||||||||||||||||||
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Total Operating Disbursements
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$ | 3,210.2 | $ | 2,429.1 | $ | 781.1 | $ | 3,725.3 | $ | 2,621.9 | $ | 1,103.4 | ||||||||||||
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Non-Operating Disbursements
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||||||||||||||||||||||||
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Severance
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$ | 430.2 | $ | 597.7 | $ | (167.5 | ) | $ | 683.7 | $ | 597.7 | $ | 86.0 | |||||||||||
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Other transition costs (Mid,Dev,GmbH)
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552.1 | 133.2 | 418.9 | 825.7 | 196.9 | 628.8 | ||||||||||||||||||
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Ordinary Course Professionals - Non-op
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- | - | - | - | - | - | ||||||||||||||||||
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Debt reduction
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- | - | - | 12,500.0 | 12,500.0 | - | ||||||||||||||||||
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Restructuring Professionals
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2,210.0 | 281.6 | 1,928.4 | 2,210.0 | 281.6 | 1,928.4 | ||||||||||||||||||
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Total Non-Operating Disbursements
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$ | 3,192.3 | $ | 1,012.5 | $ | 2,179.8 | $ | 16,219.4 | $ | 13,576.3 | $ | 2,643.1 | ||||||||||||
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Total Disbursements
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6,402.5 | 3,441.6 | 2,960.9 | 19,944.7 | 16,198.2 | 3,746.5 | ||||||||||||||||||
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Net Cash Flow
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$ | (6,402.5 | ) | $ | (2,334.9 | ) | $ | 4,067.6 | $ | (19,944.7 | ) | $ | (13,766.3 | ) | $ | 6,178.4 | ||||||||
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Note:
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|
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Minor rounding differences may exist due to the presentation in $000's
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|
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In re: Evergreen Solar, Inc
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Case No. Case No. 11-12590 (MFW)
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|
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Debtor
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Reporting Period: August 28 - October 1, 2011
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THE FOLLOWING SECTION MUST BE COMPLETED
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DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT MONTH ACTUAL COLUMN)
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||||
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TOTAL DISBURSEMENTS
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$ | 2,960.90 | ||
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LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS
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$ | - | ||
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PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts)
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$ | - | ||
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TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES
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$ | 2,960.90 | ||
FORM MOR-1
(04/07)
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF DELAWARE
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In re:
|
)
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Chapter 11
|
|
)
|
||
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EVERGREEN SOLAR, INC.,2
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)
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Case No. 11-12590 (MFW)
|
|
)
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||
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Debtor.
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)
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October 31, 2011
Office of the United States Trustee
Subject: Attestation Regarding Bank Account Reconciliations
The debtor, Evergreen Solar, Inc., hereby submits this attestation regarding bank account reconciliations in lieu of providing copies of bank statements and copies of all account reconciliations.
The debtor has, on a timely basis, performed all bank account reconciliation in the ordinary course of its business. Copies of bank account statements and reconciliations are available for inspection upon request by the United States Trustee’s Office.
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/s/ Donald W. Reilly
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Name: Donald W. Reilly
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Position: Chief Financial Officer
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Sworn to and Subscribed
before me on this 31st
day of October, 2011.
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/s/ James Dutra
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Notary Public
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My Commission Expires: 11/5/11
2 The last four digits of the Debtor’s federal tax identification number are 2254. The Debtor’s mailing address is 138 Bartlett Street, Marlboro, MA 01752.
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In re: Evergreen Solar, Inc
|
Case No. Case No. 11-12590 (MFW)
|
|
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Debtor
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Reporting Period: August 28 - October 1, 2011
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SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID
This schedule is to include all retained professional payments from case inception to current month.
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Amount
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Check
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Amount Paid
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Year-To-Date
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||||||||||||||||||||||||
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Payee
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Period Covered
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Approved
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Payor
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Number
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Date
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Fees
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Expenses
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Fees
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Expenses
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||||||||||||||||||
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Duff & Phelps
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9/01 - 9/30/2011
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102,960.61 |
Evergreen Solar, Inc.
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wire
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9/26/2011
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100,000.00 | 2,960.61 | 100,000.00 | 2,960.61 | ||||||||||||||||||
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Akin Gump Strauss
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8/15 - 8/31/2011
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178,675.02 |
Evergreen Solar, Inc.
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wire
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9/28/2011
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165,804.00 | 12,871.02 | 165,804.00 | 12,871.02 | ||||||||||||||||||
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Shipman & Goodwin
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7/01 - 7/31/2011
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5,022.00 |
Evergreen Solar, Inc.
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118843
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8/31/2011
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5,022.00 | 0.00 | 5,022.00 | 0.00 | ||||||||||||||||||
FORM MOR-1b
(04/07)
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In re: Evergreen Solar, Inc
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Case No. Case No. 11-12590 (MFW)
|
|
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Debtor
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Reporting Period: August 28 - October 1, 2011
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STATEMENT OF OPERATIONS
(Income Statement)
The Statement of Operations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it is realized and expenses when they are incurred, regardless of when cash is actually received or paid.
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Cumulative
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||||||||
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REVENUES
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Month
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Filing to Date
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||||||
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Product Revenue
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$ | 88,448 | $ | 88,448 | ||||
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Royalty Revenue
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250,000 | 250,000 | ||||||
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Less: Returns and Allowances
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- | - | ||||||
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Net Revenue
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$ | 338,448 | $ | 338,448 | ||||
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COST OF GOODS SOLD
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||||||||
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Beginning Inventory
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- | |||||||
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Add: Purchases
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- | |||||||
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Add: Cost of Labor
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- | |||||||
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Add: Other Costs
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102,195 | 170,301 | ||||||
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Less: Ending Inventory
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- | |||||||
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Cost of Goods Sold
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102,195 | 170,301 | ||||||
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Gross Profit
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236,253 | 168,147 | ||||||
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OPERATING EXPENSES
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||||||||
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Audit, Tax & Legal Fees
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135,132 | 135,132 | ||||||
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Bad Debts
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- | - | ||||||
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Employee Benefits Programs
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182,567 | 269,961 | ||||||
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Insider Compensation*
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- | |||||||
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Insurance
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276,519 | 276,519 | ||||||
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Intercompany Marketing Fee
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44,508 | 246,235 | ||||||
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Intercompany Charge - Hubei
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888,907 | 888,907 | ||||||
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IT
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225,761 | 225,761 | ||||||
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Repairs and Maintenance
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9,625 | 9,625 | ||||||
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Rent and Lease Expense
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41,062 | 41,062 | ||||||
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Salaries & Wages
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1,703,512 | 2,177,250 | ||||||
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Supplies / Materials
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374,603 | 397,903 | ||||||
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Taxes - Payroll
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90,856 | 117,606 | ||||||
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Taxes - Real Estate
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421,108 | 421,108 | ||||||
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Taxes - Other
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36,553 | 36,553 | ||||||
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Travel and Entertainment
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29,432 | 32,214 | ||||||
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Utilities
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180,264 | 239,251 | ||||||
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Other
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303,673 | 331,526 | ||||||
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Total Operating Expenses Before Depreciation
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4,944,082 | 5,846,613 | ||||||
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Depreciation/Depletion/Amortization
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(4,582 | ) | 406,846 | |||||
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Net Profit (Loss) Before Other Income & Expenses
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(4,703,247 | ) | (6,085,312 | ) | ||||
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OTHER INCOME AND EXPENSES
|
||||||||
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Other Income
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(225,858 | ) | (226,175 | ) | ||||
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Interest Expense **
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4,266,108 | 4,266,108 | ||||||
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Other Expense
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529,113 | 533,764 | ||||||
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Net Profit (Loss) Before Reorganization Items
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(9,272,610 | ) | (10,659,009 | ) | ||||
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REORGANIZATION ITEMS
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||||||||
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Professional Fees and Other Reorganization Costs ***
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8,255,256 | 8,255,256 | ||||||
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U. S. Trustee Quarterly Fees
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||||||||
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Interest Earned on Accumulated Cash from Chapter 11 (see continuation sheet)
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||||||||
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Gain (Loss) from Sale of Equipment
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||||||||
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Total Reorganization Expenses
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8,255,256 | 8,255,256 | ||||||
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Income Taxes
|
||||||||
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Net Profit (Loss)
|
$ | (17,527,866 | ) | $ | (18,914,265 | ) | ||
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*
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"Insider" is defined in 11 U.S.C. Section 101(31).
|
|
**
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Interest expense and amortization of deferred financing costs for the period 8/16 - 10/1/11 predominantly for 13% Notes
|
|
***
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Includes the write-off of restructuring costs prior to the petition date in addition to post petition restructuring costs
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FORM MOR-2
(04/07)
|
In re: Evergreen Solar, Inc
|
Case No. Case No. 11-12590 (MFW)
|
|
|
Debtor
|
Reporting Period: August 28 - October 1, 2011
|
BALANCE SHEET
The Balance Sheet is to be completed on an accrual basis only. Pre-petition liabilities must be classified separately from postpetition obligations.
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BOOK VALUE AT END OF
|
BOOK VALUE ON
|
|||||||
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ASSETS
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CURRENT REPORTING MONTH
|
PETITION DATE
|
||||||
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CURRENT ASSETS
|
||||||||
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Unrestricted Cash and Equivalents
|
$ | 41,755,466 | $ | 43,819,525 | ||||
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Accounts Receivable (Net)
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2,451,657 | 3,707,999 | ||||||
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Intercompany Receivables
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84,531,337 | 83,857,983 | ||||||
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Inventories
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13,363,792 | 13,763,872 | ||||||
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Prepaid Cost of Inventory
|
8,915,037 | 8,995,004 | ||||||
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Other Current Assets (attach schedule)
|
8,615,325 | 15,788,647 | ||||||
|
TOTAL CURRENT ASSETS
|
159,632,614 | 169,933,030 | ||||||
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PROPERTY AND EQUIPMENT
|
||||||||
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Real Property and Improvements
|
209,954,740 | 209,954,740 | ||||||
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Machinery and Equipment
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258,121,608 | 258,121,608 | ||||||
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Furniture, Fixtures and Office Equipment
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6,077,374 | 6,077,374 | ||||||
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Construction-in-Progress
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16,798,691 | 16,788,656 | ||||||
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Leasehold Improvements
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7,137,865 | 7,137,865 | ||||||
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Less Accumulated Depreciation
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(435,505,924 | ) | (435,510,506 | ) | ||||
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TOTAL PROPERTY & EQUIPMENT
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62,584,354 | 62,569,737 | ||||||
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OTHER ASSETS
|
||||||||
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Loans to Insiders*
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- | - | ||||||
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Restricted Cash
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1,314,962 | 1,324,308 | ||||||
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Deferred Financing Costs
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6,803,953 | 7,009,382 | ||||||
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Loans and Related Interest Receivable
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8,885,138 | 8,785,535 | ||||||
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Prepaid Cost of Inventory
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63,349,953 | 63,743,742 | ||||||
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Investments in Subsidiaries and Intercompany Loans
|
38,680,497 | 38,579,525 | ||||||
|
Other Assets (attach schedule)
|
- | - | ||||||
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TOTAL OTHER ASSETS
|
119,034,503 | 119,442,492 | ||||||
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TOTAL ASSETS
|
$ | 341,251,471 | $ | 351,945,259 | ||||
|
BOOK VALUE AT END OF
|
BOOK VALUE ON
|
|||||||
|
LIABILITIES AND OWNER EQUITY
|
CURRENT REPORTING MONTH
|
PETITION DATE
|
||||||
|
LIABILITIES NOT SUBJECT TO COMPROMISE (Postpetition)
|
||||||||
|
Accounts Payable
|
$ | 79,899 | $ | 367,748 | ||||
|
Intercompany Payables
|
1,765,300 | 274,079 | ||||||
|
Other Accrued Expenses
|
373,321 | - | ||||||
|
Accrued Employee Compensation
|
231,276 | 463,458 | ||||||
|
Amounts Due to Insiders*
|
- | - | ||||||
|
Other Postpetition Liabilities (attach schedule)
|
- | - | ||||||
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TOTAL POSTPETITION LIABILITIES
|
2,449,796 | 1,105,285 | ||||||
|
LIABILITIES SUBJECT TO COMPROMISE (Pre-Petition)
|
||||||||
|
Accounts Payable
|
12,786,373 | 12,476,578 | ||||||
|
Goods Received Not Invoiced
|
(5,724 | ) | 386,821 | |||||
|
Intercompany Payables
|
76,461,938 | 76,461,938 | ||||||
|
Other Accrued Expenses
|
6,963,866 | 6,001,893 | ||||||
|
Accrued Employee Compensation
|
446,229 | - | ||||||
|
Accrued Debt Interest
|
14,517,616 | 10,766,124 | ||||||
|
Accrued Warranty
|
4,346,764 | 4,346,764 | ||||||
|
Secured Debt
|
152,500,000 | 152,500,000 | ||||||
|
Unsecured Debt
|
208,306,000 | 208,306,000 | ||||||
|
Debt Discount
|
(18,091,963 | ) | (18,401,150 | ) | ||||
|
Deferred Income Taxes
|
1,204,049 | 1,204,049 | ||||||
|
TOTAL PRE-PETITION LIABILITIES
|
459,435,148 | 454,049,017 | ||||||
|
TOTAL LIABILITIES
|
461,884,944 | 455,154,302 | ||||||
|
OWNER EQUITY
|
||||||||
|
Capital Stock
|
416,519 | 416,519 | ||||||
|
Additional Paid-In Capital
|
1,050,442,618 | 1,050,339,182 | ||||||
|
Owner's Equity Account
|
||||||||
|
Retained Earnings - Pre-Petition
|
(1,152,579,412 | ) | (1,152,579,412 | ) | ||||
|
Retained Earnings - Postpetition
|
(18,914,265 | ) | (1,386,399 | ) | ||||
|
Adjustments to Owner Equity (attach schedule)
|
||||||||
|
Accumulated Other Comprehensive Income
|
1,067 | 1,067 | ||||||
|
NET OWNER EQUITY
|
(120,633,473 | ) | (103,209,043 | ) | ||||
|
TOTAL LIABILITIES AND OWNERS' EQUITY
|
$ | 341,251,471 | $ | 351,945,259 | ||||
|
*"Insider" is defined in 11 U.S.C. Section 101(31).
|
||||||||
FORM MOR-3
(04/07)
|
In re: Evergreen Solar, Inc
|
Case No. Case No. 11-12590 (MFW)
|
|
|
Debtor
|
Reporting Period: August 28 - October 1, 2011
|
BALANCE SHEET - continuation sheet
|
BOOK VALUE AT END OF
|
BOOK VALUE ON
|
|||||||
|
ASSETS
|
CURRENT REPORTING MONTH
|
PETITION DATE
|
||||||
|
Other Current Assets
|
||||||||
|
Deferred Tax Assets
|
$ | 1,204,049 | $ | 1,204,049 | ||||
|
Other Receivables (primarily interest paid on 4% notes)
|
5,024,590 | 4,942,674 | ||||||
|
Prepaid Expenses
|
2,048,474 | 3,246,148 | ||||||
|
Spare Parts, Net
|
250,872 | 454,492 | ||||||
|
Deferred Restructuring Costs
|
- | 5,853,943 | ||||||
|
Other
|
87,340 | 87,341 | ||||||
|
Other Current Assets
|
$ | 8,615,325 | $ | 15,788,647 | ||||
FORM MOR-3 CONT'D
(04/07)
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF DELAWARE
|
In re:
|
)
|
Chapter 11
|
|
)
|
||
|
EVERGREEN SOLAR, INC.,1
|
)
|
Case No. 11-12590 (MFW)
|
|
)
|
||
|
Debtor.
|
)
|
October 31, 2011
Office of the United States Trustee
Subject: Attestation Regarding Postpetition Taxes
The debtor, Evergreen Solar, Inc., hereby submits this attestation regarding pospetition taxes.
All postpetition taxes for the debtor, which are not subject to dispute or reconciliation, are current. There are no material tax disputes or reconciliations.
|
/s/ Donald W. Reilly
|
|
|
Name: Donald W. Reilly
|
|
|
Position: Chief Financial Officer
|
Sworn to and Subscribed
before me on this 31st
day of October, 2011.
|
/s/ James Dutra
|
|
|
Notary Public
|
My Commission Expires: 11/5/11
1 The last four digits of the Debtor’s federal tax identification number are 2254. The Debtor’s mailing address is 138 Bartlett Street, Marlboro, MA 01752.
Evergreen Solar, Inc.
Case No. 11-12590 (MFW)
MOR 4 - AP Aging as of October 1, 2011
|
Amount in
|
|||||||||||||||||||||||||||||||||||
|
Co Code
|
Vendor
|
Vend Name
|
Ref Number
|
Doc Nbr
|
Local Curr
|
Current
|
0-30 | 31-60 | 61-90 | 91-120 | |||||||||||||||||||||||||
| 1000 | 100783 |
Verizon
|
9782662201SEPT11
|
19030280 | (2,340.91 | ) | - | (2,340.91 | ) | - | - | - | |||||||||||||||||||||||
| 1000 | 100524 |
MWI, Inc.
|
259955 | 5200044569 | (3,711.95 | ) | - | (3,711.95 | ) | - | - | - | |||||||||||||||||||||||
| 1000 | 100524 |
MWI, Inc.
|
259956 | 5200044568 | (8,791.10 | ) | - | (8,791.10 | ) | - | - | - | |||||||||||||||||||||||
| 4000 | 103753 |
United Refrigeration Inc.
|
32422322-00 | 5200044565 | 1,943.00 | 1,943.00 | - | - | - | - | |||||||||||||||||||||||||
| 4000 | 103811 |
Young Supply Co.
|
10044799-00 | 5200044564 | 310.10 | - | 310.10 | - | - | - | |||||||||||||||||||||||||
| 1000 | 100783 |
Verizon
|
9782662200AUG-B
|
19030108 | (28.02 | ) | - | - | (28.02 | ) | - | - | |||||||||||||||||||||||
| 1000 | 100783 |
Verizon
|
9782662201AUG-B
|
19030112 | (762.87 | ) | - | - | (762.87 | ) | - | - | |||||||||||||||||||||||
| 1000 | 104259 |
Expeditors N.V.
|
E600679014 | 19030281 | (2,233.24 | ) | - | (2,233.24 | ) | - | - | - | |||||||||||||||||||||||
| 1000 | 20023 |
Richard G.Chleboski
|
PVCONF.HAMBURG
|
19030264 | (1,318.21 | ) | - | (1,318.21 | ) | - | - | - | |||||||||||||||||||||||
| 1000 | 20191 |
Lawrence Felton
|
9/4-9/8TRIP
|
17001618 | 1,400.00 | - | 1,400.00 | - | - | - | |||||||||||||||||||||||||
| 1000 | 20191 |
Lawrence Felton
|
9/4-9/8TRIP
|
19030269 | (1,473.30 | ) | - | (1,473.30 | ) | - | - | - | |||||||||||||||||||||||
| 1000 | 20624 |
Lana Chan
|
8/16-8/20EXPENSE
|
17001616 | 49.64 | - | - | 49.64 | - | - | |||||||||||||||||||||||||
| 1000 | 20624 |
Lana Chan
|
8/16-8/20EXPENSE
|
19030267 | (49.64 | ) | - | - | (49.64 | ) | - | - | |||||||||||||||||||||||
| 1000 | 20624 |
Lana Chan
|
8/21-8/27CHINA
|
17001617 | 3,936.73 | - | - | 3,936.73 | - | - | |||||||||||||||||||||||||
| 1000 | 20624 |
Lana Chan
|
8/21-8/27CHINA
|
19030268 | (3,936.73 | ) | - | - | (3,936.73 | ) | - | - | |||||||||||||||||||||||
| 1000 | 20652 |
Yurek Borzym
|
EMBEDDECONFERENC
|
19030265 | (78.29 | ) | - | (78.29 | ) | - | - | - | |||||||||||||||||||||||
| 1000 | 20822 |
Brett Allen
|
EXP9/26-9/29/11
|
19030311 | (168.82 | ) | - | (168.82 | ) | - | - | - | |||||||||||||||||||||||
| 1000 | 21154 |
Donald Reilly
|
EXP9/15&9/20
|
19030321 | (274.00 | ) | - | (274.00 | ) | - | - | - | |||||||||||||||||||||||
| 1000 | 100007 |
AAlert Courier Service, Inc.
|
1947-491 | 19030266 | (197.20 | ) | (197.20 | ) | - | - | - | - | |||||||||||||||||||||||
| 1000 | 100018 |
ADP Inc.
|
293947 | 5200044604 | (712.32 | ) | (712.32 | ) | - | - | - | - | |||||||||||||||||||||||
| 1000 | 100109 |
Benefit Concepts, Inc.
|
INV0027300
|
5200044587 | (1,231.15 | ) | (1,231.15 | ) | - | - | - | - | |||||||||||||||||||||||
| 1000 | 100289 |
Federal Express Corporation
|
2403823575 | 19030274 | (109.29 | ) | (109.29 | ) | - | - | - | - | |||||||||||||||||||||||
| 1000 | 100289 |
Federal Express Corporation
|
2467421283 | 19030273 | (109.29 | ) | (109.29 | ) | - | - | - | - | |||||||||||||||||||||||
| 1000 | 100289 |
Federal Express Corporation
|
5-967-26562 | 19030275 | (230.00 | ) | (230.00 | ) | - | - | - | - | |||||||||||||||||||||||
| 1000 | 100289 |
Federal Express Corporation
|
7-639-94477 | 19030276 | (40.98 | ) | (40.98 | ) | - | - | - | - | |||||||||||||||||||||||
| 1000 | 100289 |
Federal Express Corporation
|
7-640-48857 | 19030283 | (165.76 | ) | (165.76 | ) | - | - | - | - | |||||||||||||||||||||||
| 1000 | 100289 |
Federal Express Corporation
|
7-641-02490 | 19030277 | (550.00 | ) | (550.00 | ) | - | - | - | - | |||||||||||||||||||||||
| 1000 | 100289 |
Federal Express Corporation
|
7-641-08913 | 19030278 | (5.61 | ) | (5.61 | ) | - | - | - | - | |||||||||||||||||||||||
| 1000 | 100477 |
Nationalgrid
|
2854757021SEPT11
|
19030309 | (21,026.81 | ) | - | (21,026.81 | ) | - | - | - | |||||||||||||||||||||||
| 1000 | 100552 |
Nstar Gas
|
16545790046SEP11
|
19030313 | (34.63 | ) | (34.63 | ) | - | - | - | - | |||||||||||||||||||||||
| 1000 | 100552 |
Nstar Gas
|
27416070046SEP11
|
19030314 | (15.38 | ) | (15.38 | ) | - | - | - | - | |||||||||||||||||||||||
| 1000 | 100763 |
United Parcel Service
|
0738IFCONSOL9/24
|
19030315 | (4.00 | ) | - | (4.00 | ) | - | - | - | |||||||||||||||||||||||
| 1000 | 100820 |
Sprint Email Protection Services
|
6870058193 | 19030263 | (918.00 | ) | (918.00 | ) | - | - | - | - | |||||||||||||||||||||||
| 1000 | 100916 |
R.R. Donnelley
|
1221948600 | 19030316 | (525.00 | ) | - | - | (525.00 | ) | - | - | |||||||||||||||||||||||
| 1000 | 100916 |
R.R. Donnelley
|
1222029900 | 19030317 | (440.00 | ) | - | - | (440.00 | ) | - | - | |||||||||||||||||||||||
| 1000 | 100916 |
R.R. Donnelley
|
1222123500 | 19030318 | (12,725.00 | ) | - | - | (12,725.00 | ) | - | - | |||||||||||||||||||||||
| 1000 | 100916 |
R.R. Donnelley
|
1222175400 | 19030319 | (4,640.00 | ) | - | - | (4,640.00 | ) | - | - | |||||||||||||||||||||||
| 1000 | 100916 |
R.R. Donnelley
|
1222405900 | 19030320 | (770.00 | ) | - | (770.00 | ) | - | - | - | |||||||||||||||||||||||
| 1000 | 102118 |
Premiere Global Services
|
09369301 | 19030262 | (876.58 | ) | (876.58 | ) | - | - | - | - | |||||||||||||||||||||||
| 1000 | 102652 |
K&L Gates
|
2450044 | 19030322 | (520.00 | ) | - | (520.00 | ) | - | - | - | |||||||||||||||||||||||
| 4000 | 102841 |
Lightower Fiber Networks
|
20110901274MIDL
|
5200044590 | (16,016.00 | ) | - | (16,016.00 | ) | - | - | - | |||||||||||||||||||||||
8 of 11
Evergreen Solar, Inc.
Case No. 11-12590 (MFW)
MOR 4 - AP Aging as of October 1, 2011
|
Amount in
|
||||||||||||||||||||||||||||||||||
|
Co Code
|
Vendor
|
Vend Name
|
Ref Number
|
Doc Nbr
|
Local Curr
|
Current
|
0-30
|
31-60
|
61-90
|
91-120
|
||||||||||||||||||||||||
|
1000
|
103055 |
Unifirst Corporation
|
0443876972 | 5200044592 | (67.57 | ) | - | (67.57 | ) | - | - | - | ||||||||||||||||||||||
|
1000
|
103055 |
Unifirst Corporation
|
0443882796 | 5200044593 | (48.47 | ) | (48.47 | ) | - | - | - | - | ||||||||||||||||||||||
|
1000
|
103055 |
Unifirst Corporation
|
0443885733 | 5200044594 | (48.47 | ) | (48.47 | ) | - | - | - | - | ||||||||||||||||||||||
|
1000
|
103055 |
Unifirst Corporation
|
0443888615 | 5200044595 | (48.47 | ) | (48.47 | ) | - | - | - | - | ||||||||||||||||||||||
|
1000
|
103266 |
Cintas Corp
|
016379242 | 5200044597 | (113.90 | ) | (113.90 | ) | - | - | - | - | ||||||||||||||||||||||
|
1000
|
103266 |
Cintas Corp
|
016388568 | 5200044598 | (113.90 | ) | (113.90 | ) | - | - | - | - | ||||||||||||||||||||||
|
1000
|
103266 |
Cintas Corp
|
016408218 | 5200044599 | (113.90 | ) | (113.90 | ) | - | - | - | - | ||||||||||||||||||||||
|
1000
|
103266 |
Cintas Corp
|
016410754 | 5200044600 | (74.40 | ) | (74.40 | ) | - | - | - | - | ||||||||||||||||||||||
|
1000
|
103266 |
Cintas Corp
|
016418099 | 5200044579 | (113.90 | ) | (113.90 | ) | - | - | - | - | ||||||||||||||||||||||
|
4000
|
103422 |
Consumers Energy
|
100060729405SEPT
|
19000698 | (5,164.10 | ) | - | (5,164.10 | ) | - | - | - | ||||||||||||||||||||||
|
4000
|
103649 |
Titan Equipment Services, Inc.
|
30560Y | 5200044607 | (425.00 | ) | (425.00 | ) | - | - | - | - | ||||||||||||||||||||||
|
1000
|
104048 |
Sobel + Raciti Associates, Inc.
|
24856 | 5200044578 | (600.00 | ) | (600.00 | ) | - | - | - | - | ||||||||||||||||||||||
|
1000
|
100385 |
IFM Efector Inc.
|
20103557 | 5200044563 | (3,053.80 | ) | (3,053.80 | ) | - | - | - | - | ||||||||||||||||||||||
|
1000
|
100477 |
Nationalgrid
|
0380935026SEPT11
|
19030260 | (1,379.65 | ) | - | (1,379.65 | ) | - | - | - | ||||||||||||||||||||||
|
1000
|
100477 |
Nationalgrid
|
7837466035SEPT11
|
19030261 | (27,777.53 | ) | - | (27,777.53 | ) | - | - | - | ||||||||||||||||||||||
|
1000
|
100646 |
SAS Institute
|
7345042 | 5200044556 | (4,473.13 | ) | - | (4,473.13 | ) | - | - | - | ||||||||||||||||||||||
|
1000
|
101652 |
Apollo Safety Inc.
|
54662 | 5200044562 | (1,715.00 | ) | (1,715.00 | ) | - | - | - | - | ||||||||||||||||||||||
|
1000
|
102841 |
Lightower Fiber Networks
|
20110901274 | 5200044577 | (19,062.62 | ) | - | (19,062.62 | ) | - | - | - | ||||||||||||||||||||||
|
1000
|
104259 |
Expeditors N.V.
|
E600690312 | 19030259 | (14,733.10 | ) | (14,733.10 | ) | - | - | - | - | ||||||||||||||||||||||
|
1000
|
104260 |
Cisco Webex LLC
|
4385588 | 5200044559 | (441.00 | ) | - | (441.00 | ) | - | - | - | ||||||||||||||||||||||
|
1000
|
104260 |
Cisco Webex LLC
|
4446886 | 5200044560 | (443.59 | ) | (443.59 | ) | - | - | - | - | ||||||||||||||||||||||
|
1000
|
104341 |
Innovative Products and Equipment,
|
96876 | 5200044573 | (10,000.00 | ) | (10,000.00 | ) | - | - | - | - | ||||||||||||||||||||||
|
1000
|
104497 |
IAR Systems Software, Inc
|
46043 | 5200044561 | (7,020.00 | ) | (7,020.00 | ) | - | - | - | - | ||||||||||||||||||||||
|
1000
|
20036 |
Michael El-Hillow
|
9/5-6EXPCELLJULY
|
19030256 | (181.94 | ) | - | (181.94 | ) | - | - | - | ||||||||||||||||||||||
|
1000
|
100289 |
Federal Express Corporation
|
1914231664 | 19030248 | (104.47 | ) | (104.47 | ) | - | - | - | - | ||||||||||||||||||||||
|
1000
|
100289 |
Federal Express Corporation
|
7-631-95533 | 19030250 | (10.00 | ) | (10.00 | ) | - | - | - | - | ||||||||||||||||||||||
|
1000
|
100289 |
Federal Express Corporation
|
7-632-47445 | 19030251 | (52.90 | ) | (52.90 | ) | - | - | - | - | ||||||||||||||||||||||
|
1000
|
100289 |
Federal Express Corporation
|
7-633-11301 | 19030252 | (24.67 | ) | (24.67 | ) | - | - | - | - | ||||||||||||||||||||||
|
1000
|
100289 |
Federal Express Corporation
|
2403811023 | 19030249 | (128.38 | ) | (128.38 | ) | - | - | - | - | ||||||||||||||||||||||
|
1000
|
102975 |
Uniclean Cleanroom Services
|
0450296620 | 5200044550 | (151.75 | ) | (151.75 | ) | - | - | - | - | ||||||||||||||||||||||
|
4000
|
103050 |
Praxair Inc.
|
40801240 | 5200044554 | (227.31 | ) | (227.31 | ) | - | - | - | - | ||||||||||||||||||||||
|
1000
|
103055 |
Unifirst Corporation
|
0443889785 | 5200044551 | (44.53 | ) | (44.53 | ) | - | - | - | - | ||||||||||||||||||||||
|
1000
|
100015 |
Acton Technologies, Inc.
|
ACTON TECH
|
15003086 | 488.00 | - | 488.00 | - | - | - | ||||||||||||||||||||||||
|
1000
|
100486 |
McMaster-Carr
|
95823325 | 5200044549 | (133.95 | ) | (133.95 | ) | - | - | - | - | ||||||||||||||||||||||
|
1000
|
100486 |
McMaster-Carr
|
95955764 | 5200044548 | (13.04 | ) | (13.04 | ) | - | - | - | - | ||||||||||||||||||||||
|
4000
|
103649 |
Titan Equipment Services, Inc.
|
32447W | 5200044547 | (1,250.00 | ) | (1,250.00 | ) | - | - | - | - | ||||||||||||||||||||||
|
1000
|
100486 |
McMaster-Carr
|
95934735 | 5200044535 | (48.71 | ) | (48.71 | ) | - | - | - | - | ||||||||||||||||||||||
|
1000
|
102648 |
Boston Bean Coffee Co.
|
1171585-0 | 5200044537 | (105.16 | ) | (105.16 | ) | - | - | - | - | ||||||||||||||||||||||
|
1000
|
103062 |
CIT Technology Financing Serv,Inc.
|
20076642 | 19030242 | (571.23 | ) | (571.23 | ) | - | - | - | - | ||||||||||||||||||||||
|
1000
|
102975 |
Uniclean Cleanroom Services
|
0450296094 | 5200044502 | (151.75 | ) | (151.75 | ) | - | - | - | - | ||||||||||||||||||||||
|
4000
|
103607 |
Dewitt Barrels Inc.
|
0203273-CM
|
5200044501 | 345.00 | 345.00 | - | - | - | - | ||||||||||||||||||||||||
9 of 11
Evergreen Solar, Inc.
Case No. 11-12590 (MFW)
MOR 4 - AP Aging as of October 1, 2011
|
Amount in
|
||||||||||||||||||||||||||||||||||
|
Co Code
|
Vendor
|
Vend Name
|
Ref Number
|
Doc Nbr
|
Local Curr
|
Current
|
0-30
|
31-60
|
61-90
|
91-120
|
||||||||||||||||||||||||
|
1000
|
100524 |
MWI, Inc.
|
MWI
|
15003087 | 10,851.40 | - | 10,851.40 | - | - | - | ||||||||||||||||||||||||
|
1000
|
103055 |
Unifirst Corporation
|
0443883971 | 5200044495 | (46.27 | ) | (46.27 | ) | - | - | - | - | ||||||||||||||||||||||
|
1000
|
103055 |
Unifirst Corporation
|
0443886894 | 5200044496 | (121.53 | ) | (121.53 | ) | - | - | - | - | ||||||||||||||||||||||
|
1000
|
103266 |
Cintas Corp
|
016390941 | 5200044497 | (74.40 | ) | (74.40 | ) | - | - | - | - | ||||||||||||||||||||||
|
1000
|
103266 |
Cintas Corp
|
016398540 | 5200044498 | (113.90 | ) | (113.90 | ) | - | - | - | - | ||||||||||||||||||||||
|
1000
|
102975 |
Uniclean Cleanroom Services
|
0450295058 | 5200044488 | (151.75 | ) | (151.75 | ) | - | - | - | - | ||||||||||||||||||||||
|
1000
|
100486 |
McMaster-Carr
|
95319983BALANCE
|
5200044484 | (6.36 | ) | (6.36 | ) | - | - | - | - | ||||||||||||||||||||||
|
1000
|
104259 |
Expeditors N.V.
|
1100119 | 110,611.32 | - | 110,611.32 | - | - | - | |||||||||||||||||||||||||
|
1000
|
102975 |
Uniclean Cleanroom Services
|
0450295582 | 5200044466 | (151.75 | ) | (151.75 | ) | - | - | - | - | ||||||||||||||||||||||
|
4000
|
103811 |
Young Supply Co.
|
10044051-00 | 5200044450 | 1,484.00 | 1,484.00 | - | - | - | - | ||||||||||||||||||||||||
|
1000
|
100017 |
Capgemini US LLC
|
8104011023263-B | 5200044584 | (4,500.00 | ) | (4,500.00 | ) | - | - | - | - | ||||||||||||||||||||||
|
1000
|
101023 |
Airgas East Inc.
|
AIRGAS
|
15003075 | 982.22 | - | - | 982.22 | - | - | ||||||||||||||||||||||||
|
1000
|
101216 |
PC Connection Sales Corporation
|
48296385 | 5200044585 | (2,268.00 | ) | - | (2,268.00 | ) | - | - | - | ||||||||||||||||||||||
|
1000
|
102841 |
Lightower Fiber Networks
|
20110801274-B | 5200044576 | (9,531.31 | ) | - | - | (9,531.31 | ) | - | - | ||||||||||||||||||||||
|
4000
|
102841 |
Lightower Fiber Networks
|
20110801274MID-B
|
5200044589 | (8,008.00 | ) | - | (8,008.00 | ) | - | - | - | ||||||||||||||||||||||
|
4000
|
103050 |
Praxair Inc.
|
PRAXAIR
|
15000053 | 672.11 | - | - | 672.11 | - | - | ||||||||||||||||||||||||
|
4000
|
103050 |
Praxair Inc.
|
40537437-B | 5200044409 | (119.23 | ) | - | (119.23 | ) | - | - | - | ||||||||||||||||||||||
|
1000
|
103266 |
Cintas Corp
|
016369643 | 5200044596 | (113.90 | ) | - | (113.90 | ) | - | - | - | ||||||||||||||||||||||
|
4000
|
103472 |
GCA Services Group, Inc.
|
378190EVG
|
5200044558 | (504.90 | ) | - | (504.90 | ) | - | - | - | ||||||||||||||||||||||
| (79,899.15 | ) | (48,273.90 | ) | (4,627.38 | ) | (26,997.87 | ) | - | - | |||||||||||||||||||||||||
10 of 11
|
In re: Evergreen Solar, Inc
|
Case No. Case No. 11-12590 (MFW)
|
||
|
Debtor
|
Reporting Period: August 28 - October 1, 2011
|
ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
|
Accounts Receivable Reconciliation
|
Amount
|
|||
|
Total Accounts Receivable at the beginning of the reporting period
|
$ | 12,570,656 | ||
|
+ Amounts billed during the period
|
249,565 | |||
|
- Amounts collected during the period
|
(1,060,223 | ) | ||
|
- Reclassification
|
(257,130 | ) | ||
|
Total Accounts Receivable at the end of the reporting period
|
$ | 11,502,868 | ||
|
Accounts Receivable Aging
|
Amount
|
|||
|
0 - 30 days old
|
58,236 | |||
|
31 - 60 days old
|
1,044,008 | |||
|
61 - 90 days old
|
606,451 | |||
|
91+ days old
|
9,794,173 | |||
|
Total Accounts Receivable
|
11,502,868 | |||
|
Amount considered uncollectible (Bad Debt)
|
(9,013,507 | ) | ||
|
Accounts Receivable (Net)
|
2,489,361 | |||
|
DEBTOR QUESTIONNAIRE
|
||||||
|
Must be completed each month
|
Yes
|
No
|
||||
|
1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below.
|
|
x | ||||
|
2. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below.
|
x | |||||
| 3. Have all postpetition tax returns been timely filed? If no, provide an explanation below. | x | |||||
|
4. Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below.
|
x | |||||
|
5. Has any bank account been opened during the reporting period? If 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.
|
x | |||||
FORM MOR-5
(04/07)