Case 16-11242-BLS Doc 530 Filed 11/14/16 Page 1 of 15 · Case 16-11242-BLS Doc 530 Filed 11/14/16 Page 1 of 15. Phoenix C3 rands ~,L,C Case No: 16~ 1 1242 September 01 September 30,

I~NTTED STA'T`~:S BAN1C12TJPTCY CO[IRTT)1STRtCT OF DELAWAi2E

In rc Phoenix ~3rands I.C.0 Case No. 2G-11.242

~;IN: 20-0474609 Reporting Period: Sep 1 -Sep 30, 201b

MONTHLY aPI;RATIN~ REPQTLTCiic with Coact and sabmit copy to CJnited 3t~tes Trustae wit)~En 2Q days after end of ma~tfh

Submit copy oi'report to any 4~ciaf con3i~iittee appointed in the case.

~Y)~acnttlent f:xplu~akiou ~~fCd~i)~t1Jupptement:i7cnrrrr~i: r~ iin7~r~i~~'~'~ F.n,•,~~',vn .~ttna 1,~,~t itivc~hrd ,~tf.ir3a~~4~_., -Schedule afCash Itecei is and DisbursemsntsF~~~u ~~ MOlt-S 7{

Bank Reconciliation (ar co ies oFdeUlor's bank recoociiiatiaas MOR-ia X

Sohedule of Professional Pees Paid MOTt-ib X

Co ies of bank statements X

Cash disbursements journals XStatement of 0 orations MOR-2 7C

Balance Sheet MOR-3 X

Status of`Post etition Takes MOT2-4 X

Co ies of IRS Fortin 6 i 23 or a ment recei tCo ses of tax returns Paled during re o~~tin eriod

Summer of'Un aid Post etition I>ebts M(~R-4 X

l,istin of a ed accounts a able MOR-4 X

Accounts Xteceivable Recanciliatian and A in niOR-5 X

Debtor Questionnaire MOR-5 )C

E declare under penalty of perjury {28 I.S.C. Section 1746} that this report and the attached documents

are trice and correct to the best of my knowledge and betief.

Signature of Debtor

Signature of Joint Debtor

Signature of Autha~ized Individual*

Thou la____.U_..s ?_ M!~~SPrinted Nsme of Authorized Individual

Date

Date

11 /9/2018Date

VP Finan ~n CFOTittc of Authorized Individual

*Authorized individual must ba an ofTicer, director or shareholder iP debtor is a corporation; n partner if debtoris a partnership; a m~na~;er or member if dchinr is a limited liability company.

MbA(04!07)

Case 16-11242-BLS Doc 530 Filed 11/14/16 Page 1 of 15

Phoenix C3 rands ~,L,CCase No: 16~ 1 1242September 01 —September 30, 24T6

Notes Rega~•din~ Manthly 4~erating R~part

`~'he Monthly Operating Repprt contains financial inforrnaiion that has been preparedby tl~e Debtors' management and has not been audited or reviewed by independentregistered pubEic accountants. Some of the #'financial infn~~mation fir► t13e MonthlyOperating Report is subject to future reconcitiatio~~ anc~ adjustments. While managementof the Debtors have ►Wade every effort to ensure that the Monthly- Operating Report isaccurate and complete based on information that was available at the time ot`prepa~•ation,inadve~-Cent erroz~s ar nn~issions may exist and the subsequent receipt of information mayresult in material changes iii the data contained in the Marithly Operating Report thatwould warrant at~ne~~ci~ent of same. Accordingly, the Debtors reserve the right to amend

the ManthEy Operating Report as necessary or appropriate. The Debtors also rep~•esent as

follows:

Cash Maraa~e~nent• The Debtors maintain a lockbox account at Regions Bank (Account ...3719)

(the "Locl<box Account"). The Debtors' U.S. cash receipts flow into the

Lockbox Account, and the funds foz• disbursements, other than funds relating to

the Debtors' Canadian operatio►~s, originate from the Loe]<box Account

• All fuiads in Che Lockbox Account are tra~~sferred feom the ~.ockbax Account to

a control account at Regions BanIc (Account ....2240) (the "Cantz•al Account").

A majority of Wan-payroll expenses and disbursements paid via wire related to

U.S. npera~~ons are paid fro~~n the Control Aceaunt

• funds are tyansferred from the Control Account to a pay~•olf account at Regions

Bank (Account ...9599) (the "~'ayrall Account"). All disbursements from this

accat~nt relate to U.S. payroll

Further funds are transferred from tl~e Control Account to a Disbursement

Account {Account ....6614} {the "Disbursement Account"). A ~~ajarity of non-

payrollexpenses and disbursements paid via check related to U.S. opet•ations are

paid 'roan the Disbursement Account

Taxes• Afl payroll taxes for its nor -union employees are paid through the Debtors'

professional ~mploysi• organization, Insperity, Inc., a~ad far its union employees

through the Debtors' thi3•d party payi•oil service, ADP, Inc., wiChin the statedguidelines and due dates of each and every taxing agency. The Debtprs fund Che

union employees' taxes weekly to :'SDP and Wan-union bi-monthly to Insp~rity,

except for those fiaxes that af-e due on a quarterly basis. The ~7ebtors ara cu~•rent

wifh all such al~ligations. The Campa~3y paid Insperity, Inc. $297,586,28 and

ADP X52,620.58 from September fl ] through Septembe~~ 3Q, 2016

The Debto~~s are current with all taxes and post-petition payablesy which are paid

within norrna) terns


En rc Phocnix brands Gi.C. Case No. f6•t 1242

ReporTing Pcrlod: Sept •Sep 30, 26f6

SCIiGD(1LE pF CASf I I2~CEIPT5 AND DiSBU12SEM~NTSAmounts rPponed should ba par the dabtor's books, not 3Sie honk s~utemen~. Tl~e beginning cosh 5h0uld be the ending cash from the poor month Or, ifihis is tha

fii~! report, the amount should Ge the t alancC an tha date the petition was filed. The amounts rxponed in fhe "CURRENT b10N7H •ACTUAL" cr>lumn must

eryual the sum of the four bank acco❑m columns. The anioums reported in rho "PRRJECTEA" columns should ba taken From lFe SMALL 6USINGSS 1[VITIALR6PpR'f (FORM IR•I) . Attnch eopies oPlho boot s:a~emenis and tMe cash disLursemmts journal. The total disburstmon~s listed in the disbursements journal

must equal the total disbursements reported on this page. ~ bank reconci6elian must be attached Tm fach account. (Sea MOR-f (CO~I'T)J

IIa4It'.lE`1ÙTi?~"T~ C17Rrb`,Aix1f~N~li 4'L13tIL'1.1TIYx;.t3tdh G'Ct1 Pi,i7'E' '.

~. (' '~I.t,4_ 'F'~.li(~;t - f) 1 ,~Si 1,~1 i. i,il~~i tl~.~. p .s-1F,.1 ~.fl:,l. 17 >'.'C IIU

(. gSI1 t+LG7~hT~1> f1f M1f01~t1S f ~~111 317~~ ~SIO 4 Tyr 5:70 77 J34 10 -0H1 .557 ., 05U 101 _~~

C'Ati)1 ti~~.1.F:5

4 ~l'OIIN"l s: liliC4lt'.e.Rl,l( 0 0 D 4108569 4108.569 17036639

4o.~NS ~WUAU'r:;N '~~S D 0 0 6 a

S'.I.F. OF ASSETS U 0 0 0 4

O"i'l ih:R =~ ~ ACH ,Iti'1') 7 8 0 0 fi01 652 31 BA7719

~I'1{:!.,4SFfiR:S PROA~ ~'fUl '~CC~Iti 2 635 457 1 700 1 22B 373 •3,88-0 910 0 S40 002

TpTA4 RF.(:EIPTS __~__ ~ 3,?37,089 t,tOD 122N,373 _ 24 yi 659 ~ 4,?08,221 _, A9223 280

M11,~~_I,,,~;RftIJ. X40706 14 1 ~ ~.~~0 0 350207 ~ w... ir71 y880

iµ~Ylig1.1.'fA.XIiS 0 0 0 0 ~, 0 0

>~.jLHS. U51s, K Ol11Eli'f XISS 0 0 0~ 0 7 054

1'.~:N% I',::Cti 9 143 0 0 0 3143 37 588

INSi:NfOKY PI~~~II:':SIiS 1.095,376 0 675 tl20 0 1660.398 795733

I~XilS'I'IC5 1.084A5d D 18489 D SiB3.553 8,742,257

5'iCU2tfl)1 RP:N1:+.IJ I.I:~~.tili'.: 0 28.ifi9 0 28169 250.350

IN.tiUR.WCIi 0 0 24921 0 2M1.921 N4520

_~JMINIS I1tr\"f(Vti 87020 0 80.830 0. 147850 691.177

fii;I,i.INO 1870

~„~,T„

0 58A68 0- 60372 ~81A5

'I'K,;.')Ii SI'IiND 0 0 78.821 0 76 B2t b77.907

IN'I'IStS4ti l' 0 0 0 0 615488

f)1'HfiR f•*.1"1":;.(:I161s'fv~: -1.051.8.',y U 0 4 •t ON.837 19872076

(~;t N1;N 1;R•s•d:• D 0 0 0 0 ~

'I'Ii;r N5I9iRR 'F~1,i.CC'I'S~ 0 0 0 0 0 ~

0 0 0 0 0 0

PRt:i'ittitt:Nnl. ~~i:r:3 776701 0 d D 18701 1290. 3

i ).ti 'f:f i:i i ~ f}_~j! ::~i[I I>ftl.Y F';SIiS 0 0 16 575

CQI+YIT C051'ti ~

TOTA6 DISBURSEMxNTS T.3190?i t,d21 A31.S57 0 325S.S99 39,353 Ed2

CASH-&ND F QMH __L_ 11241965 ~VJ~~ 255 3850481 J19.599I 71847,7'!9 ~J

~..._._._~~ -

tt 947.778 `~—

COr,iP12NSAl'lt~N TU SUWi PROPRIG7'Oltti POR SGRVlCiiS Rf:NI>GRtiU 7'O BhNKRUP7l'Y F.S"f.*:TG

TxE FOLLOW ITIG SECTION MUST BE COMT LETED

U1Siq AaF~~~tr J "Ott CticULATiI~G ~~* FR~~TAt ~ E thFERI17tiS tiiiDnf c,ITlthLtil 410~'fli +4"S à 6COLi",L1,

TOTAL DISBURSEMBN7S ~ J` 3,251899

-IitiS: 7'H:..k3flik57U UP:b'~~Uu 1N P055F:ti510N :N.:CUUNTS

PLUS i{s'I'A1'1'UIFI3LIR81[AiliN'lS At41)}; 1dY 0U'fSII)I'. tiOURCISS ;s Gcmi escro~~~naoun+* 6

TOTa[,DISBURSEMENTS FOR CA LCULATINC U.S.TRUSTk~ OABiBRI,Y PEB 3255,949

tea.-~s- -.

(i) 7h0 Comparry soltl sabslenUally all o! its assns during the month of AupuoG In cnntuncfion with Iha ss'as, the company enlered'mio Transition Services Agrasmonls (TSAs1 wth 1ho UUVers, whereby IM1e ComD~ny hoe

agreed to oDera;6 the purohased operntiors on bahal(ol Ihn buyers, antl to make ordinary eaurse Oeymanls (7SA Payments) related to those operations nn bshelt of the buYe~a, wish cash funded by the buyws.

7Bese TSA Paymenia ere included in the disbu~semenls above, BnJ Uia vesh ~aceived try the Buyers far the TSA Payments is inclUdod as an olfso! et OMer Q~shuM,amenis, as Can be Stan in IBe cash flow

eeplq~ail0i18 pdGB 111 ~h:S repDfl.

NUMis »~


In rc Ahotnix Ursods L.I~C ca~xo, ~c-tizaxReporting Pctiod: Sep 1 . $Cp 3U, 2076

DANK RECPNCIT,1ATInN$Conflpus~ton Shctq far Mok•i

~ „eik r uvieih;tlian mi-: i~: ~ricl~dvJ ?.r.:ich Ipnk auouni. 7lie d:htn; Avg r ~onciliafrn moy M>uhstiiwcJ fry this L'n,o.

V0t1(C411 ~bYT'~ ~VC~:G ntF~~.la 22a0 W .9399 ;~7-^^^-~u 37t9 ~ (~N 56l4~

_ _._

NALAVC&PER 000KS ~ ~ ~ ~~ Kh5 (Ip( ~~ 25.~_~ t 719 >H? J85 946

C1ANh1 .11:N(.ii -~.~I i~.zai.ax"~T-LLB ~-i~sf..~.T_::i~- aiy:sv~i - - 1:_~ ias.~ael_. _~~.

iai lll~l'(l~i7ti M 7'F.+~.Ntilf t.41"I':Yct{ I.LSI'11•~I)Il'I~7'.WI)INci C'111iC'KF ~:l'1'.,('If 1.15'(i -,T76,Ri3 0UII (I!It Ir.l"1.'.i:H l::~l'Is\NA11UM -)ZF ()nU7UtiTitu li ~.n:~ R ~I:aNCG • I0.865.O7fi 2.ii 314.591 3Ri 9dbAJiuctcJ I+onl. Udancc i~ro:w c ~s~l6al~ncc v~1rvJ:e

OBPOSITS IN TRANSIT U~u. Ameunl Date ~ Amount pam Anrount Uam AmountNonc

CHECKS OU75TAND{NC CA. s amourt~ Ch, a Amount Ck. X Amount Ck. b AmountISM~1L KADDDUM 62Gb9 4A9LISA PR6S'fON ~ 62677 7.00AAVID l.OMANfO - 63033 1.1 96LAUftA MERRILL 6307O 6.97MARISA GIACON61.t.i 63674 3 49SANDRA 1~AMPIGR b3U'ID 6 UO

~, _

MILLiKEN K COMPANY 90413 -i d39.Ifi40BL~OF INDIANA fi3347 2.8(6.63ADVANTAGE SOLUTIONS (3iEi N2i.00.4NGF.VCOTTON .4SSOC. WC. 63362 823J6AS~f N~TtONAL OfFICG 61363 i6 U3fi3dASSQCIATED FOOD STORES LL 63364 tU.584,2dCOMCAST CABLE 63368 240.90EFAX ('UkPORATE C'012 fiJ370 157.38FWLNKLIV ROAD REALTY LLC (+3398 i3.U07.J0HGNSON SALES GROUP L'fD 83381 IQOSC+biHINCKLEY SPRINGS (+?362 206.95HOOSIfiR PR£16HT K ~VH5E 63553 61>O.IIGKENFRSON ASSOCIATES INC C73B7 58492K4A'I'f-JOR~vIC. ~ ASSOC'InTBS 633A8 7,317.85PGERG4SS MK'PING GRP, MC (+3393 t „>i.(WPftOPARK. INC 6339A 597.081'HE HENSQTv SA[.ES GRP. IN(' 633y7 b56.R6UPS 63399 91y.i2 WiHF..~R7' MEU1A 63x03 l.GOU.00ALPHA LSBER'IY COMNANY li~C fi:tdDd 1 318 2ABfiJ ~fGCHANICAt, INC (34b5 1 03?53~((i Y FOODS 634Uh 3,2(iI 40CAROLINA LOGISTIC SVC INC 63407 I(N1.72CAR0I.INA 40GISTIC SVC ANC fi3A0T 7.T4CtS~N USA fi?40% I IAfifi.(,UCINFR WYOMING I.I.0 (+34(19 5?0.00CINTAS CORPORATION #01% 69a III ~3R.97fM~T SOLD"1'IOhiS OF 63611 5923.75CUSTOM PA4L~7' 63J 12 1 73 J.00FEDE~ fi3d 13 10.037 F2FF.DEX fi3a W 47.87fEpEa FRF,IGHT EAST INC 63J 15 -0>Y>.Rb('6DGX FREIGHT EAST MC 63J I6 t.J06 91FRANKLIN ROAD REALTY 4tC (34(7 28 169.38CRAINGER f•141A 21.A7NARCRUS C}~gMICALS INC f7A 19 I,U60ADkF.NSON SALES GR9UP LTP 674211 750.00tiOgSIER pRfii(ihi"C' 8: \}~y$G 63421 260.00tfORWtT2 fi ASSOCIATE$ i1:C 63dZ2 900.((0HP ARODUCT$ CORPORATiODf fi}423 !09.19tE3M C'ORPOflATION fi3-024 I.Ui6.004A8 SUPPORT d)a2; Rza.00LA!JDtutARK S UAR~ I.6 LLC 6342fi I1,d 10.8340CKT0~ C'OMPhU[BS 4lC 63427 8A01.97MULTI-COLpRGRAPHIC5 69x28 i,7nv.a2PARK FLETCHER iNDPLS LP Gi4?9 7,R9i.7tPITNEY BOWES GI.ORAI, ro~ 67430 247.17RA (ONES & CO (3431 23 &.27RAY'S TRASH S6ILVICE, INC. ~3a32 83.60RR OONNELS,Y LOGISTICS 5HR (3-0)3 322]9SHOFtR PACKAGING CARP ~ - 63434 239.2>TRI STATE COM~RBSSED AfR R3d35 }filAflUPS M1-ld3b 1:4(9 qbUPS FREIGHT 634;47 4,4:11.(9Ii PS FRFsIGH'~ 63~F38 t.297A9VEOLIA 11'ATER F?~:9 197.95t4'INN-UI\Ili STORES~01•L,0 F3440 I55lW0.(N)CYGNUS CORD 92962 d,i]%.211MARIf:T1'A CQRPOR 4TION 929U'> 3 fiSi 19

37fi.852 9h

AI(AF~a<.an


In ~•e Phoenix Brands T..LC

Cash Fiow Explanations

$ (Z26} Misc

$ (126) l'otal

Case No. 16-11242

Repnrtin~ Period: Sep 1 -Sep 30, 26I6

Other Receipts$ 250,QOQ Released from Madison for Warehousemans Lien holdback

110,671 Nakoma TSA Fees239,966 USN TSA Fees

1,015 MF Closeout Dividend

$ 601,652

Qther Disbursements$ (613,870) Nakoma Prefund of RiT Expenses for transition period

(2,588,302) USN Prefund Laundry ~xper~ses for trensitinn period

1,006,697 Nakoma Accounts Receivable collected by Phoenix Brands

1,183,538 USN Accounts Receivable coElscted by Phoenix Brands

MOR{04/07)


!n rc 1'hocnix Brans GL.0 cflse Nq. t6.irzazReporting C'eriod: Sep l - 5ep 30, 201b

SCHEDLILE ~F PI2QFESSIONAL FEES AIVD ~:7CP~:NSES PA(D

This schedule is io include ap retained proPesssonal payments Gpm case inception to current month

~~~

--

--~~~~~~

-~~-~~~~~~~~~~~~~~~r~~r~~~

r~~~~■~~~~~~~■~~~w~~~~~~~r~■~~■~~~~r~~~~r~iw~iii~~~~

~~~~~~~~~~~~~~~~~~~r~~w~~~~

~~~~~~~r~~~~~~~~~

~i~~~~~~~~~~~~~~~~~~~

MiOR(OJ n7)


to re Phoenix Brands LLC Case Na. 15-1 242

Reparting Feriod; Sep 1 -Sep 3Q, 20]6

STATEMENT O~ OPFRA't'TONS

((ncoine Statement)

The Statement of Qperations is to be prepared on an accrual basis. The accrual basis of accounting recognizes revenue when it is

reef ized snd expenses when tha;~ are incurred, regardless of when cash is actually received or paid.

_.C'tinirita(iae

r~i,~~.rn•.yir~ Cunt 4'~1mo to Tl:tfa~

Gross Revenues ~ ~ 0 15 973 252

Less: Returns and Allowances 6 6,80b 348

Het Revenue Q 9 1 H6 904

13e innin lnvento 1,2) ~~ ~ ~~ ~^ Q 4,666 186

Add' Purchases 6 a,76S 139

Add: Cost of Labor 0 i 10,944

Add; Other Costs (attach schedule) 5,809 -2,001 816

L.e5s: Endin [nvento (2) 0 0

Cost oPGoods SoEd (t) 5,809 7 5A0 453

Gross Profit 1 -5,809 1,G26,4S1

.._,r...____.-- _..-- -_Advercisin ~ 5,499 ~t26 032

Auto and Truck 6x ense 0

Bad Debts ~Contributions ~F.m Iv ee Benefits Pro rams 25,162 209,366

Insider Cam ensaiion" 0Insurance 1,225 20 289

Mena ement Fees/Bonuses ~OS~ic~ Ex enso 141,245 330 431

Pension &Profit-Slsarin Pians ~ g>186Re airs and Maintenance pRent and Least !~x ensa 20,285 ~i0 046

Sa(arieslCo~nmissions/Fees 239,93 1,199839

Su lies QTaxes - Pa roil ~Taxes - Reat F,state ~Taxes -Other 0 4 1 GO

Travel and Entertainment [6,719 70,363

Utilities 3,355 16 176

Other attach schedule -350,&37 -738,811

Total O cretin Ex enses Before De reciation 1~2 7&2 1636 076

De reciatian/De leFian/Amprtizafion -IQ 572 37 9!0

Net Profit (Loss Before Other Income &Expenses -9x,020 -47,S35

Interest Ex ense -Senior DeUt ~Y ~ 0 640,478

Interest ~x ense-Subordinated Debt -1,944,578 93,713

Other Ex erase attach schedule 908 303 1,453,097

Net Prot (Loss Before lteor anization Items 9A2,2SS -2 234 822

?roPessiona! Fees--+ - - - 4~~—~— —~ -~ ~V. S. Trustee Quarterl Foesinterest Enr~~ed on Accumulated Cash from Cha ter 11 ses continuation sfieet

{Gain) Loss frmn Sale of E id ~ment 0 b 813,21 S

Other Rear anization Ex erases attach schedule) 628,337 4 $61,834

"fetal Renr anization Ex erasesIncome "faxes pNet Profit {Loss) 313 91 S -t 3,904 $71

motes;(1) Since the Debtors' accounting system does not allow for amid-month inventory valuation, the Opening Envencory is an estimate as of MAy 19, 201 G.

Accordingly, the Cost of Goods Sold is estimated for the Stub Period of May 20 thmngh May 31

(2) Changes in im~cncor~-are limited co the changes sn Finished Goody only and e;ccludes the c(ianges io Raw Materials and Work in Process

*"insider" is defined in I 1 U.S.C. Section 101(3O

MOR

(04'07)


In rc T'hoenix Brands LLC Case Pion 16-i 1242

Reporting Period: Sep I ~ Sep 30, 201G

STATEMENT OF OP~f2ATTQNS -continuation s8eet

t:umerT~tiFe

$RL~._lfcl)0~4"V OIL^' C)IfjLR' CATEC0124' ~ ScEt Y~iliuk to llutc

~~w: ~ mm.._ _ _.

Frei ~ht Costs ~ f u 0 1,R00,2S3

Wareliousin Costs 0 GG0,94fi

[nsurpnce 7 035 3Q,633

Che Palters 0 179,526

So3d lnven~orn 0 -4,473,461

AID ~sical Inventor Ad'nsnnant -1,373 -375,530

Overheads endin (Rl"1' Pacili ) 0 A10,777

Overheads andin Variance 0. -I2[ 573

Purchase PriccProduction Variances (Rtl' Facilit j 0 372,429

Misc I48 IQ,18A

fatal ~.ov> -

Farei £xChan eloss 0 11,435

TSA Pa ment -350,637 -750,746

~..Total

_ _..-3>0,637 -738, Il

Uther,tnromt ~ ,::. ~~.~__

priceWateehousa (reversin 2015 accnials for services not re uired -225,50ì

F.m ira Valuation (reversin 2015 aecnials for services not re aired) -)5,510

Prior Year Accruals (re~~rsin 201 S accruals for services not re aired -16,266

VriceWaterhousc Additiona12015 Tas Acorual 25,000

LMf M nt tees 25,000 718,897

Warehouse Costs (Closed warehouse 0 178,321

XPO Admin & M ant Pce 96,000

XPO Waral~ouseinans lien 250,ODU

XPO Ca ital Assets 110,000

Al I~ Sli ulation Ece dIG,803

The Hencfit Advanta e 34 SDU

AC Nielsen (Discontinued Brands) 0 11,672

NCH Cali ons Discontinued Brands 6

Warehouse Coss (Discontiiwed Brands 0 9l 076

S{l&A (Discontinued Brands 0 395,105

-i-otai ~ ._.

Houlihan Loke i ?) ~- d 1,23A,7~8

HunterPoint 1 82,232 377 686

Morrison Coi~en 1 2~5,00~ 1,532 362

Pachulsk Stan (t) 50,000 522 33l

Rust Consuitin ~ (1 70,000 92,161

Saul Ewin GLP 75,000 528,450

TSG Re ortin 0 1,610

Deloitte 23 908 33Q.GS0

EJS TRUSTEE 0 f b 575

tvlilier Advertisrn 4.697 3D.7 [9

Finnex 0 1,238

Getzler He~irich (! 47,500 193,665

'Total 625,337 A,R6I,834

Mores:(1) Amounts represent accrued but unpaid professional fees. These arc subject to further analysis and reconciliation once interim fees

have been approvad. Certain of these amounts will be paid by application agasnst pre-petition retainers

(2) Consists ~f transaction fees allocated bused on sale proceeds relatad to the sale of substantially all of the ootnpany's assets

Reorgxniz~tim~ Items •Interest Earned at Accumulated Cash from Ehapter 11:

Interest earned on cash accum~datad during the chaptar 1 l case, which would not Dave been earned bat far the

bankrnptcy procecdiug, should be reported ns a reorganization item.

MOR(t~1'llTj


Tn re Phoenix [3r:ut@s I,LC

BALANCE SEI~E'1'

Cflse No. 16-131A2

Reporting T'erEod: Sep T -Sep 30, 201 b

The 8alnocc Sheet ~s to be complered on an occ~~ual bens only. pre-petician liabilities must be classified separately Cmm pastpetiuon obligations.

IIOb7:1'~1{,[ F 41 ~NT> D}~ '.FiOQH~C.1Gt E ON

1ti~+r'`T'S c:~ufirzr,~itui~OK~rincair~~r~t~ ~r,~~iz~sr5~[~.t~e

ft,I2RkN'1' IC~T~'Il'

Unrestricted Cash and Ei uival871t5 ~ 11,570,800 2,D58.161

Restricted Cash and Cash E uiva{ents (see continuation sheet)

Accounts Receivable Net 1 ~2T,833 5.67S,68G

Notes Recei~ able o u

Tote! ]nventorias (includes FG KM, W!P deferals} 0 S,Ra~,sbi

Pre aid Fx senses 2.7ib,2a8 446,063

Professional Retainers~oa,aaa

Other Current Assets (attach schedule} z,o53,382 ~~ I,954,7t3

lY)7'Al. C1/kRli:`~7'ASSIiFPS 11,57%,264 17,560,028

'f!.Ii(IYF,HI\'-:A~dVA~~:tl~3IRA7k'A,'d'..

Real Pro earl and !m ro~ementsMachine and ~ ui ment o s,IG1,3U7

Furniture, Fixhires anti 0(Tice ~ ui ment~57,21a 2a7,00t

Lc¢sehold lm rovements 0 149,734

Vehicles

LeSS Accumulated 3~e reciation•78602 -h,7i6,i37

TU'1'Al. PRO!'IiR7Y c& !s J11/P~Lf1iN7'7E.412 s39,9o0

Loans to Insiders"

Other Assets (attach schedule)o z3,637,i37

7YY!'Al. !)"/'HEIt A.SSE'I:S 0 23,fi3 x,137

1'(37 ~'I,;~S4FS'~5 f7::5n<75 .S~.~j7+Jc~~~-

~.. F;c)CJY.'4'AY L,F 1 i' G5'D OF BC74i[i 1' 1[,U}:.f)~

I.i.~1T.SjI 1I ~Lt.S .k i~'{).O~V I\ti: rt E(~I'11`4" G7)R}2I"~l ILFPt1RTING N0*iTH Yl I1"I IO.'~DA7t;

nr~-r~r>rc~..n.rl:r orniirr--r-ri rv+nxn nu~fxtr.r _n .. ..::'a.r.,..t - ..

Accounts Pa ablet86,4G9 0

Taxes Payable (refer to FORM MOR-4)32,830 32.630

wa es Pa aUle0 0

Motes Pa ableo 0

Rent i Leases • l~uS~din ~ Ei ui ment6,07 t 12,I~o

Secured Debt / l+de uate Protection Pa menis0 0

Professional Fees 3,096,15p o

Acerucd [nterest E~ erase o

DIP t.oano 0

Other Aost eti[ion Liabili[ies (anach schedule) 29,368,129 21,695,sa9

%'U"!'A(. 1'C)ti%7'1177%7QN L/ANIl.777fi,S32,690,153. 3!,740,849

_. _

Secured Debt—___~__._f ._ ~.

0~_..~..W ..____

23 704,~tJ

Priori ~ Debt

Pa abies Sub'ect to Com ro~nises,997,5Z1 9,2To 715

Unsecured Debt4i,223,79f 40,323,765

T'O'I'A/,1'Rli-PIiT1771)N 1,/Af3f1./771:$50,221.253 77,298.793

1 t)7AL L1A13111T11:;~ ~-~— ~~~ _~~ - ~~ e 9i i aoa ~ ~ 95,039,e42

Ca itai SiockAdditional Paid-In Ca ital a,soo,000 s,s0o,000

Minimum Pension Liabiiito 0

Owner~5 f: Uit ACCOUbt 55,994,778 SS,994,77&

Retained ~arnin s -Pre-Petition •i 15,s39,a35 -I 17,477,35D

R~tain~d Eamtngs - Postpetition -13,909,871

Adjustments in Owner E ait (attach schedule)

Post efition Cantribuiions (Distribucion_s_j (D.raws) (attach schedule}

NIiT OWh7:7t /iQi.11'1'Y -5s,zsa,s?9 -sz,~az,s~z

~~OJ'\1.1,[riiSll,Tll~~ ~Vll,C114hGj2S' f;(~1~I"S 'ti tT,ns~,8"its c>,uS:,tiii~

"'9nside~' is defined in 1 I U S,C. Stction 101(71)

MOR~~y~~))


In re Phoenix Krands LLC Case No. I6-1 12A2Reporting Period: Sep I -Sep 30, 2014

BALANCE SI-IE~'T' -continuation sheet

'I3001G~'1Ll~t:.iTF„Vl~OI~ !iQ(')ii1'.~id~E4~

~1551(~I~b t-l1RI2EM1'TRI,POR7[A~G~b](3'~tll . P~'fFTft39UA1k

ti~L~l~i ~-NISI I:.iII :~1.SSc tS

Qther Accpunts Receivable Allowances -440,660 -G4G,53S

~~rade Deductions buCstandin 2,SOh,oa2 z,G01,2n8

Total 2,063,382 1 954,713

()Chef .AG:~.tSGoodwill a 6,a77,t37

Cnt~n ibICS 0 17,360,006

Tptfl I 0 23;637, I37

ROOKV~LLIs.A7'F~'~t3t~:. IiO(Pub'Ri,.lii~;2}k

T:I,~}3IT.17~1~b 1hI~ Uti1~tiFlt F'C~C:II t r,~t~ntti;~vz`~z~'.eaarY^~c~roni'x FF.rY~~i[»u;~:s

(hher I~~St}t„ttEtonT ~atniiriri

Trade Deductions for Customer Pro rams

Accrued BrokeragefiBdP. VC17(tOf It1YUICCS

intercompany Ba(ancin~3 .Accounts

'COtal 29,368.123 21,fi95,889

id~u5tinen~_ to~C1~4~n~;r i:ywcv

P~5sip4titii»,;'untiGl~ut~~n,(iJla;rib~~tso[~p)t[7~.i~~l

Due to

:accruals

2,G01,85i 4,352, l86

SG.:,08 0

653,961 B

212.860 0

135,935 0

3,955,322

0 0

21.731.$81 17,343,703

MOR(J4/0~


i» re I'hpenix Brands LC,C Case No, l6-t X242

Reporting Period: Sep ~ -Sep 30, 2016

STATUS OF POSTPETITIQN'I'A~ES

The beginning tae liability should be the ending liability From the prior month or, i~ihis is tha first report, die amount should be zero.

Attach photocopies of 1RS Farm b 123 or payment receipt to vorify payment or deposit of federal payroll taxes.

Attaei~ photocopies of any tax returns filed duri~3g the reportsn~ period.

__Se~;irining 1mr~un! l'aic~in~

`(.~~ ~ \i`~fhhG~x~-or '~mautit ~xtc Chc<krlu. ~fa~

I.inh,{3t}~ ~ccr~ue~l PNid i's1i~3 or Li~"f' T.iafisNf}~

Withholdin ~M-~['[CA-Em !o aeFICA-Gm to erUnem la mentIncomeUther: GS'fiHST Q 0 0 0: 0 0

7btal Federal Taxes __

WiChholdin ~ µSalesExciseUnem to mentReal Aro ePersonal Pro e 32 83U 32,83Q

Ocher;Total State and Local

Tot~t Taxes 32,830 32,830

SUMMARY OF Uh'PAII) POS'['I'ETITION DEBTS

Attach abed listing ofaccounis payable,

,, ,~'umber~of I)~~s Fs~sYlhie~..._ _.. n -in Zi..tn nf_(i i tic~~~r G`t - F~itNl

Accounts Payable ~ 23,517 8,1 d4 3l, l38 17 698 106 5 I ~ 186,969

Wa es Pa able 0 0 0 Q 0 0

Taxas Pa <abie 32,&30 0 0 0 0 32,830

RendLeases-IIuildin 6 071 U 0 0 0 b,071

Rent/Leases•E ui ment 0 Q 0 D 0 0

Secured DebVAde uaca Protection Pa meets 0 0 0 0 0

Professional FeesAmounts Due to insiders*Other:Other:Totnl Post efitian Debts G2,4E8 8,1U4 31,138 17,698 106,513 225,871

Explain how and when the I>ebtor intends tp pay xny pest-due postpetition debts,

""insider" is defi:ied in I I U.S.C. SCction 101{31),

MOR(Q4.'07)


U5 Total

In re Phoenix Brands ~,LC,

P05T-pE71TIpN

(Amounts in US$s)NameAKZO N08E1 FUNCTIONALANIERiGAN GLEANING INS717UBerry plastigsCARpLINA I.OG~S71C SVG INC

FED~XGAi2REN £XPQRT SpLUTtON5rioulihan LokeyKorexLSi GAMBLELH GAMBLE CO LTDMARIETTA CQRPORA710NMARION COUNTY TREASURERf2ust OmnisneuRobinson Cple

Case Ne. 16-11242Repnrtisrg Period: Sep 1 -Sep 30, 246

AginWg DateCurrent 0-30 31-60 69-90 Over 90 Grand Total

0 0 0

2,~J23 0 2,92310 10

136 135

452 A52

'3,431 1,431

16,814 16,8140.36 0

120 158 278

35D 574 574 268 1,78617,a 1 s 17,a19

12,960 0 12,980

12,161 12,161106, 513 1 Q6, 513

6,576 7,530 0 0 14,1Q6

23,517 8,ip4 31,138 17,69& 106,513 186,969

Boa~oaro~~


Cn re Phoenix Brands LLC Case No, I6~11242i~epurfing Period: Sep 1 -Sep 3Q, 2016

ACC4UlV'T'S RECEIVABLE RECOI'VCILIATION Ai~TD AGING

~aok 5~a1ucat End I3ooJ<~'alsiean

tcr.nrYnta t2rceii~abtr Rc~icunri{iiyfinn of f_c~e~rent'Nit~nt}r t?etisinn'1')afe

Total Accounts Receivable at the beginnin of the reporting erind 1,579,265 5,531,223

+ Amounts bilEed Burin the eriod 0 2,505,987

Amounts collected Burin thi eriod 84~,7bA 1,5(3,144

- Trade Allowed t~eductions -493,332 848,3$

"i'otal Accounts Receivable at the e~~d of the re orting period 1,227,833 S,67S,68b

:~retinrtts Reecivai~te, :wino Aiitour►f r~ttiiittni

0 - 30 days oid ~ 0 3,985,819

3l - 60 da ~s old 0 643,629

61 - 90 da ~s old 18,514 75,26

9 i ~ days o€d 1,209,318 970,974

Total.~lccounts Recei~~able ~ 1,227,833 5,675,686

Amount considered uncallectible (fiad Debt 0 0

AccounisReceivable{Net) 1,227,833 5,675,686

DEBTOR QUESTIQNNAIRE

... , .:i4TosY lie emm~letedcar:h ~nnntii y'es i\o

1. Have any assets bren sold or transferred outside the normal course of b~isincss

this reporting period'? If'~es, provide an explanation below,x

2. 1-Iare any funds been disUursed from any account other than a debtor in possession

account this reporting period? if'yes, provide an explanation below.x

3. Have all pastpetition tax raeums been timely filed? If no, provide an expianaYian

below.

4. Are workers aompensution, general liability and other necessary i»surance

coverages in effect? (f no, provide an explanation below. X

5. Has any bank account been opened during the reporting period? Ifyes, provide

documentation identifying Cite opened account(s). if an investment account has been openedx

provide Che required documentation pursuant to the Delaware 1.oca1 Rule 4001-3.

MOR(04/07)


:h:: P ~-~ C~ E N I X B ~.A .~ L~ S~A

November 9, 2016

Of#ice of the United StaCes Trustee

Subject: Declaration Re~ardin~Pastpetition Taxes

The debtor, Pi~.oer~ix Brands, LAC, hereby submits this declaration regarding

postpetitian taxes.

Ali postpetitron taxes fox• the debtor, v~rhicla are not subject to dispute ar

reconciliation, are cui-~•ent. There are no material tax disputes a~ reconciliations.

Pursuant to 28 U.S.C. § 1745, I declare under penalty of perjuxy that the foregoing

is true and correct to the best of my knawiedge and belief.

~~JC~~~ ~ . ~'~"~'.~

Name: Douglas MillsPositir~n; Vice President of Finance

25014-001\170CS DE:50403.1 _........DE3~!S...I3~:20(1~38•:}..687fa0/9U t ...................................................................................................._.......,..............

.............................................................,....,,...................................

PHOENIXBR.4\DS, LLC • „60! FORTtJNE C{RCL~ EAST, SUITE J02B • iNDtANAPOLIS. IN •ifi24t • PH.:i17-231-8044 ~ FAX :S17-231-8 50


~~~~s P H[ C)E N I X B RA ~1 I~ S

November 9, 2016

Office of the United States '1"rustee

Subject: ~eclaa•atzon Re a~g.Bank Account Reconciliatians

The debtor, Phoenix I~rarzds, LLC, hereby submits this declaration regarding bankaccaunt reconciliations in lieu c>f providing copies of bank statements ar~d copies of all

account reconciliations.

The dehtar has, on a timely basis, performed alI bank aecaua~t reconciliation in theordznary course of its business, Copies of bank account statements and xeeaneiiiationsare available for inspection upon request by the United States Trustee's ~f~ce.

~'ursuant to 28 U.S.C. ~ 1746, I declare under penalty of perjury that the foregoingis true and corF•ect to the best of my knowledge and belief

~-~~~-

Name; Douglas Mills~'asition: Vice President of Finance

DC)E::S...D~ti0U93B:1-(r89~;'4)O.y ......................................................................................................................_,,..,,.............................. _....._,...........,,........................,...,.......................PIiDENTX BRANI35. LLC • w601 FORTUNE CZ12CC.E EAST, SUITE l02B • IiVDIAIVAPOLFS. IN 46241 • PH.317-231-K0~1d •FAX 317-231-8t)SO


Documents

Case 16-11242-BLS Doc 530 Filed 11/14/16 Page 1 of 15 · Case 16-11242-BLS Doc 530 Filed 11/14/16 Page 1 of 15. Phoenix C3 rands ~,L,C Case No: 16~ 1 1242 September 01 September 30,