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Previous: INFORMATION MANAGEMENT ASSOCIATES INC, 8-K, 2000-11-30 |
Next: LOOMIS SAYLES FUNDS, N-30D, 2000-11-30 |
Exhibit 99.1
--------------------------------------------------------------------------------
CASE NAME: INFORMATION MANAGEMENT ASSOCIATES, INC.
--------------------------------------------------------------------------------
CASE NUMBER: 00-33268 ACCRUAL BASIS
--------------------------------------------------------------------------------
JUDGE: Lorraine Murphy Weil
--------------------------------------------------------------------------------
UNITED STATES BANKRUPTCY COURT
DISTRICT OF CONNECTICUT
NEW HAVEN DIVISION
MONTHLY OPERATING REP0RT
MONTH ENDING - OCTOBER, 2000
IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE
UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING
REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-6) AND THE ACCOMPANYING
ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT
AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY), IS
BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE.
RESPONSIBLE PARTY:
/s/ Michael P. McGroarty Chief Operating Officer
---------------------------------------- -----------------------------
ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE
Michael P. McGroarty 11/22/00
---------------------------------------- -----------------------------
PRINTED NAME OF RESPONSIBLE PARTY DATE
PREPARER:
Senior Vice President
/s/ Sheldon A. Paul Finance and Administration
---------------------------------------- -----------------------------
ORIGINAL SIGNATURE OF PREPARER TITLE
Sheldon A. Paul 11/22/00
---------------------------------------- -----------------------------
PRINTED NAME OF PREPARER DATE
<PAGE>
NAME : INFORMATION MANAGEMENT ASSOCIATES, INC.
CASE NUMBER :00-33268
COMPARATIVE BALANCE SHEET
<TABLE>
<CAPTION>
Schedule
Amount
------
ASSETS July 24, 2000 August 31, 2000 September 30, 2000 October 31, 2000
------------- --------------- ------------------ ----------------
<S> <C> <C> <C> <C>
1 UNRESTRICTED CASH $ 745,751 $ 612,061 $ 456,377 $ 231,179
2 RESTRICTED CASH 414,160 414,160 420,831 312,197
------------- --------------- ------------------ ----------------
3 TOTAL CASH 1,159,911 1,026,221 877,208 543,376
------------- --------------- ------------------ ----------------
4 ACCOUNTS RECEIVABLE(NET) 659,117 946,711 809,405 1,176,138
5 INVENTORY 44,647 44,647 44,647 38,486
6 NOTES RECEIVABLE - - - -
7 PREPAID EXPENSES 362,117 352,493 295,634 298,699
8 OTHER 9,645,433 9,739,833 9,480,673 9,375,076
------------- --------------- ------------------ ----------------
9 TOTAL CURRENT ASSETS 11,871,224 12,109,905 11,507,567 11,431,775
------------- --------------- ------------------ ----------------
10 PROPERTY, PLANT&EQUIPMENT 10,084,459 10,089,949 10,089,949 10,093,194
11 LESS:ACCUMLATED DEPRECIATION (8,463,070) (8,544,712) (8,624,309) (8,702,998)
------------- --------------- ------------------ ----------------
12 NET PROPERTY , PLANT & EQUIPMENT 1,621,389 1,545,237 1,465,640 1,390,196
13 DUE FROM INSIDERS
14 OTHER ASSETS-NET OF AMORTIZATION 2,520,898 2,482,436 2,480,593 2,468,320
15 OTHER 182,666 164,705 143,695 141,290
------------- --------------- ------------------ ----------------
16 TOTAL ASSETS $ 16,196,176 $ 16,302,283 $ 15,597,495 $ 15,431,581
============= =============== ================== ================
LIABILITIES & STOCKHOLDERS' EQUITY
POSTPETITION LIABILITIES
17 ACCOUNTS PAYABLE $ - $ 305,570 $ 217,437 $ 291,605
18 TAXES PAYABLE - - - -
19 NOTES PAYABLE - - - -
20 PROFESSIONAL FEES - - - -
21 SECURED DEBT - - - -
22 OTHER - - - -
------------- --------------- ------------------ ----------------
23 TOTAL POST PETITION LIABILTIES - 305,570 217,437 291,605
------------- --------------- ------------------ ----------------
PREPETITION LIABILITIES
24 SECURED DEBT 133,261 103,062 102,151 102,151
TAXES PAYABLE 305,905 301,610 239,135 234,848
25 PRIORITY DEBT - - - -
26 UNSECURED DEBT 3,470,818 3,470,818 3,470,818 3,487,929
DEFERRED MAINTENANCE REVENUES 3,440,007 3,003,853 2,701,332 2,270,147
27 OTHER 945,206 802,722 610,287 674,366
------------- --------------- ------------------ ----------------
28 TOTAL PREPETITION LIABILTIES 8,295,197 7,682,065 7,123,723 6,769,441
------------- --------------- ------------------ ----------------
29 TOTAL LIABILITIES 8,295,197 7,987,635 7,341,160 7,061,046
------------- --------------- ------------------ ----------------
EQUITY
30 PREPETITION OWNER'S EQUITY 7,900,980 7,900,980 7,900,980 7,900,980
31 POSTPETITION CUMULATIVE PROFIT(LOSS) - 413,668 616,070 723,949
FOREIGN EXCHANGE RATE TRANSLATION ADJUSTMENT (260,715) (254,394)
32 DIRECT CHARGES TO EQUITY - - - -
------------- --------------- ------------------ ----------------
33 TOTAL EQUITY 7,900,980 8,314,648 8,256,335 8,370,535
------------- --------------- ------------------ ----------------
34 TOTAL LIABILITIES & OWNERS EQUITY $ 16,196,177 $ 16,302,283 $ 15,597,495 $ 15,431,581
============= =============== ================== ================
</TABLE>
<PAGE>
NAME : INFORMATION MANAGEMENT ASSOCIATES, INC.
CASE NUMBER :00-33268
<TABLE>
<CAPTION>
SCHEDULES FOR COMPARATIVE BALANCE SHEET
Schedule
Amount Month Month Month Month
July 24, 2000 July 31, 2000 August 31, 2000 September 30, 2000 October 31, 2000
------------- ------------- --------------- ------------------ ----------------
<S> <C> <C> <C> <C> <C>
#8 OTHER ASSETS
------------
DUE FROM SUBSIDIARY-FRANCE $ (340,671) $ (340,671) $ (340,671) $ (297,224) $ (294,065)
DUE FROM SUBSIDIARY-AUSTRALIA 374,203 374,203 374,203 366,274 246,947
DUE FROM SUBSIDIARY-UNITED KINGDOM 9,249,494 9,249,494 9,343,897 9,099,024 9,109,596
DUE FROM SUBSIDIARY-GERMANY 362,407 362,407 362,405 312,599 312,598
-------------------------------------------------------------------------------------
$ 9,645,433 $ 9,645,433 $ 9,739,833 $ 9,480,673 $ 9,375,076
=====================================================================================
#14 OTHER ASSETS-NET OF AMORTIZATION
---------------------------------
GOODWILL $ 168,322 $ 168,322 $ 165,676 $ 163,030 $ 160,385
PURCHASED RESEARCH & DEVELOPMENT 308,937 308,937 270,321 231,703 193,086
DEPOSITS 81,576 81,576 84,376 123,797 152,786
INVESTMENT IN IMA, UK LTD. 233,000 233,000 233,000 233,000 233,000
INVESTMENT IN MITSUCON TECNOLOGIA SA 1,729,063 1,729,063 1,729,063 1,729,063 1,729,063
-------------------------------------------------------------------------------------
$ 2,520,898 $ 2,520,898 $ 2,482,436 $ 2,480,593 $ 2,468,320
=====================================================================================
#15 OTHER-ASSETS
------------
NOTE RECEIVABLE-MITSUCON TECHNOLOGIA SA $ 182,666 $ 182,666 $ 164,705 $ 143,695 $ 141,290
=====================================================================================
PREPETITION TAXES PAYABLE
GENERAL INCOME TAX RESERVE $ 167,188 $ 167,188 $ 167,188 $ 104,713 $ 100,370
GENERAL SALES TAX RESERVE 146,165 146,165 146,165 146,165 145,131
STATE SALES TAXES PAYABLE (7,448) (11,743) (11,743) (11,743) (10,653)
-------------------------------------------------------------------------------------
$ 305,905 $ 301,610 $ 301,610 $ 239,135 $ 234,848
=====================================================================================
#27 OTHER LIABILITIES
-----------------
ACCRUED COMPENSATION $ 383,853 $ 383,853 $ 291,378 $ 308,937 $ 334,457
ACCRUED EXPENSES 172,748 173,886 99,652 (98,970) (56,273)
ACCRUED RENT 251,590 251,590 274,677 263,319 259,182
ACCRUED INTEREST 137,015 137,015 137,015 137,000 137,000
-------------------------------------------------------------------------------------
$ 945,206 $ 946,344 $ 802,722 $ 610,286 $ 674,366
=====================================================================================
</TABLE>
<PAGE>
NAME : INFORMATION MANAGEMENT ASSOCIATES, INC.
CASE NUMBER :00-33268
<TABLE>
<CAPTION>
INCOME STATEMENT Month Month Month
August 31, 2000 September 30, 2000 October 31, 2000
--------------- ------------------ --------------------
<S> <C> <C> <C>
1 GROSS REVENUES $ 1,036,119 $ 964,481 $ 1,003,220
ROYALTY REVENUE FROM FOREIGN SUBSIDIARIES 84,754 - 28,654
2 LESS:RETURNS AND ALLOWANCES - - -
---------------- ------------------ --------------------
3 NET REVENUE 1,120,873 964,481 1,031,874
---------------- ------------------ --------------------
COST OF GOODS SOLD:
4 MATERIAL - - -
5 DIRECTLABOR - - -
6 DIRECT OVERHEAD- 3RD PARTY COSTS 31,206 6,080 28,378
---------------- ------------------ --------------------
7 TOTAL COST OF GOODS SOLD 31,206 6,080 28,378
---------------- ------------------ --------------------
8 GROSS PROFIT 1,089,667 958,401 1,003,496
---------------- ------------------ --------------------
OPERATING EXPENSES:
9 OFFICER/INSIDER COMPENSATION 152,369 139,051 195,461
10 SELLING AND MARKETING 97,509 124,267 81,740
11 GENERAL AND ADMINISTRATIVE 464,985 360,185 533,377
12 RENT AND LEASE 19,096 17,158 18,897
13 OTHER - - -
---------------- ------------------ --------------------
14 TOTAL OPERATING EXPENSE 733,959 640,661 829,475
---------------- ------------------ --------------------
15 INCOME BEFORE NON-OPERATING INCOME AND EXPENSE 355,708 317,740 174,021
---------------- ------------------ --------------------
OTHER INCOME INCOME AND EXPENSE:
16 NON OPERATING INCOME - INTEREST/OTHER (3,622) (8,393) (59,407)
17 NON OPERATING EXPENSE - - -
18 INTEREST EXPENSE 2,417 2,873 590
19 DEPRECIATION EXPENSE 67,341 65,673 64,966
20 AMORTIZATION 55,564 55,186 54,993
21 OTHER - - -
---------------- ------------------ --------------------
22 NET OTHER INCOME AND EXPENSE 121,699 115,339 61,142
REORGANIZATION EXPENSE:
23 PROFESSIONAL FEES - - -
24 US TRUSTEE FEES - - 5,000
25 OTHER - - -
---------------- ------------------ --------------------
26 TOTAL REORGANIZATION EXPENSE - - 5,000
---------------- ------------------ --------------------
27 INCOME TAX - - -
---------------- ------------------ --------------------
28 NET PROFIT $ 234,009 $ 202,401 $ 107,879
================ ================== =====================
</TABLE>
<PAGE>
NAME : INFORMATION MANAGEMENT ASSOCIATES, INC.
CASE NUMBER :00-33268
<TABLE>
<CAPTION>
CASH RECEIPTS AND DISBURSEMENTS Month Month Month
August 31, 2000 September 30, 2000 October 31, 2000
--------------- ------------------ -------------------
<S> <C> <C> <C>
1 CASH-BEGINNING OF MONTH $ 1,374,372 $ 1,026,221 $ 877,208
--------------- ------------------ -------------------
RECEIPTS FROM OPERATIONS
2 CASH SALES - - -
COLLECTION OF ACCOUNTS RECEIVABLE
3 PREPETITION 503,785 371,815 9,175
4 POST PETITION - 510,680 362,048
--------------- ------------------ -------------------
5 TOTAL OPERATING RECEIPTS 503,785 882,495 371,223
--------------- ------------------ -------------------
NON-OPERATING RECEIPTS
6 LOANS AND ADVANCES
7 SALE OF ASSETS
8 OTHER 14,411 10,294 173,971
--------------- ------------------ -------------------
9 TOTAL NON OPERATING RECEIPTS 14,411 10,294 173,971
--------------- ------------------ -------------------
10 TOTAL RECEIPTS 518,196 892,789 545,195
--------------- ------------------ -------------------
11 TOTAL CASH AVAILABLE 1,892,568 1,919,010 1,422,403
--------------- ------------------ -------------------
OPERATING DISBURSEMENTS
12 NET PAYROLL 371,302 384,177 399,086
13 PAYROLL TAXES PAID 190,576 184,487 158,071
14 SALES, USE & OTHER TAXES PAID 4,345 31,215 3,628
15 SECURED/RENTAL/LEASES 33,542 70,908 41,533
16 UTILITIES 14,741 56,953 50,071
17 INSURANCE 85,719 44,300 36,108
18 INVENTORY PURCHASES - - -
19 VEHICLE EXPENSES - - -
20 TRAVEL 127,416 159,760 101,024
21 ENTERTAINMENT - - -
22 REPAIRS AND MAINTENANCE 653 16 -
23 SUPPLIES 209 1,313 -
24 ADVERTISING 4,117 778 -
25 OTHER 33,727 107,895 84,506
--------------- ------------------ -------------------
26 TOTAL OPERATING DISBURSEMENTS 866,347 1,041,802 874,027
--------------- ------------------ -------------------
TOTAL REORGANIZATION EXPENSE
27 PROFESSIONAL FEES - - -
28 US TRUSTEE FEES - - 5,000
29 OTHER - - -
--------------- ------------------ -------------------
30 TOTAL REORGANIZATION EXPENSE - - 5,000
--------------- ------------------ -------------------
31 TOTAL DISBURSEMENTS 866,347 1,041,802 879,027
--------------- ------------------ -------------------
32 NET CASH FLOW (348,151) (149,013) (333,832)
--------------- ------------------ -------------------
33 CASH - END OF MONTH $ 1,026,221 $ 877,208 $ 543,376
=============== ================== ===================
</TABLE>
<PAGE>
NAME : INFORMATION MANAGEMENT ASSOCIATES, INC.
CASE NUMBER :00-33268
<TABLE>
<CAPTION>
ACCOUNTS RECEIVABLE AGING: Month Month Month Month
July 31, 2000 August 31, 2000 September 30, 2000 October 31, 2000
-----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1 0-30 DAYS $ 57,125 $ 301,413 $ 659,095 $ 246,637
2 31-60 DAYS 701,632 547,641 322,308 955,824
3 61-90 DAYS 73,534 345,678 280,147 291,605
4 91+ DAYS 4,898,403 3,764,610 2,304,559 2,379,948
-------------------- --------------- ----------------------- -----------------------
5 TOTAL ACCOUNTS RECEIVABLE 5,730,694 4,959,342 3,566,109 3,874,014
OTHER ACCOUNTS RECEIVABLE 1,417,897 1,747,343 853,696 862,524
6 AMOUNT CONSIDERED UNCOLLECTABLE (6,430,768) (5,759,974) (3,610,400) (3,560,400)
-------------------- --------------- ----------------------- -----------------------
7 ACCOUNTS RECEIVABLE(NET) $ 717,824 $ 946,711 $ 809,405 $ 1,176,138
==================== =============== ======================= =======================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
AGING OF POST PETITION TAXES AND PAYABLES:
TAXES PAYABLE: 0-30 DAYS 31-60 DAYS 61-90 DAYS 91+ DAYS
--------- ---------- ---------- --------
<S> <C> <C> <C> <C>
1 FEDERAL $ - $ - $ - $ -
2 STATE - - - -
3 LOCAL - - - -
4 OTHER - - - -
------------- ------------- ------------ -------------------
5 TOTAL TAXES PAYABLE $ - $ - $ - $ -
6 ACCOUNTS PAYABLE: $ 202,958 $ 88,781 $ (134) $ -
============= ============= ============= ====================
</TABLE>
AGING OF POST PETITION TAXES AND PAYABLES (continued):
TAXES PAYABLE: TOTAL
-----
1 FEDERAL $ -
2 STATE -
3 LOCAL -
4 OTHER -
-------------------
5 TOTAL TAXES PAYABLE $ -
6 ACCOUNTS PAYABLE: $ 291,605
====================
STATUS OF POSTPETITION TAXES:
<TABLE>
<CAPTION>
BEGIN TAX AMOUNT W/H OR
FEDERAL LIABILITY ACCRUED AMOUNT PAID ENDING TAX LIABILITY
------- -----------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1 WITHHOLDING $ - $ 87,688 $ 87,688 $ -
2 FICA EMPLOYEE - $ 24,168 $ 24,168 -
3 FICA EMPLOYER - $ 24,168 $ 24,168 -
4 UNEMPLOYMENT - $ 107 $ 107 -
5 INCOME - $ - $ - -
6 OTHER - $ - $ - -
7 TOTAL FEDERAL TAXES ------------ -------------- ---------------- ---------------------
- $ 136,131 $ 136,131 -
------------ -------------- ---------------- ---------------------
STATE AND LOCAL
---------------
8 WITHHOLDING - 21,208 21,208 -
9 SALES 3,662 (10,687) 3,628) (10,653)
10 EXCISE - - - -
11 UNEMPLOYMENT - 394 394 -
12 REAL PROPERTY - - - -
13 PERSONAL PROPERTY 15,587 2,460 - 18,047
14 OTHER - 337 337 -
15 TOTAL STATE AND LOCAL ------------- --------------- ----------------- ----------------------
16 TOTAL TAXES 19,249 13,712 25,567 7,394
------------- --------------- ----------------- ----------------------
$ 19,249 $ 149,843 $ 161,698 $ 7,394
============= =============== ================ ======================
</TABLE>
<PAGE>
NAME : INFORMATION MANAGEMENT ASSOCIATES, INC.
CASE NUMBER :00-33268
<TABLE>
<CAPTION>
BANK RECONCILIATIONS: MONTH: October-00
ACCOUNT #1 ACCOUNT #2 ACCOUNT #3 ACCOUNT #4
---------- ---------- ---------- ----------
A BANK PEOPLES BANK PEOPLES BANK PEOPLES BANK PEOPLES BANK
B ACCOUNT NUMBER: 048-7035708 064-7002287 048-7040507 064-7002279
IMA DIP
C PURPOSE(TYPE) IMA CUSTODIAL IMA OPERATING OPERATING IMA PAYROLL
ACCOUNT ACCOUNT # 1 ACCOUNT # 2 ACCOUNT # 1
----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1 BALANCE PER BANK STATEMENT $ - $ 26,638 $ 256,909 $ -
2 ADD:TOTAL DEPOSITS NOT CREDITED - - - -
3 SUBTRACT:OUTSTANDING CHECKS - (2,048) (34,991) (14,539)
4 OTHER RECONCILING ITEMS - - - 1,030
--------------- -------------- ---------------
5 MONTH END BALANCE PER BOOKS $ - $ 24,590 $ 221,918 $ (13,509)
=============== ============== ===============
DIFFERENCE - - -
6 NUMBER OF LAST WRITTEN CHECK 032661 033196 35702
BANK RECONCILIATIONS: MONTH: October-00
ACCOUNT #5 ACCOUNT #6 ACCOUNT #7
---------- ---------- ----------
PEOPLES BANK PEOPLES BANK ALEX BROWN
A BANK 048-7040515 048-7040523 24836526 *
B ACCOUNT NUMBER: IMA DIP PAYROLL IMA DIP TAX IMA RESTRICTED
C PURPOSE(TYPE) ACCOUNT # 2 ACCOUNT ACCOUNT
----------------------------------------------------------------------------------------------------------------------
1 BALANCE PER BANK STATEMENT $ - $ 1,992 $ 312,197
2 ADD:TOTAL DEPOSITS NOT CREDITED - - -
3 SUBTRACT:OUTSTANDING CHECKS (3,806) - -
4 OTHER RECONCILING ITEMS (6) - -
--------------- -------------- -------------
5 MONTH END BALANCE PER BOOKS $ (3,812) $ 1,992 $ 312,197
================ ============== =============
DIFFERENCE (0) - -
6 NUMBER OF LAST WRITTEN CHECK 035757 1008 N/A
</TABLE>
<TABLE>
<CAPTION>
INVESTMENT ACCOUNTS:
DATE OF TYPE OF PURCHASE CURRENT
BANK ACCOUNT NAME & NUMBER PURCHASE INVESTMENT PRICE VALUE
-----------------------------------------------
<S> <C> <C> <C> <C>
7 None $ - $ -
8 None - -
9 None - -
10 None - -
---------- ----------
11 TOTAL INVESTMENT $ - $ -
========== ==========
</TABLE>
CASH:
12 CURRENCY ON HAND None
13 TOTAL CASH - END OF MONTH $ 543,376
=========
<PAGE>
NAME: INFORMATION MANAGEMENT ASSOCIATES, INC.
CASE NUMBER :00-33268
<TABLE>
<CAPTION>
PAYMENTS TO INSIDERS AND PROFESSIONALS: MONTH October-00
INSIDERS
------------------------------------------------------------------------------------------------------------------------------
COMPENSATION
---------------------------------------------------
TRAVEL ADVISORY
NAME TYPE OF PAYMENT REIMBURSEMENTS PAYROLL COMMISSIONS FEES EXECUTORY
-----------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1 PAUL SCHMIDT $ - $ - $ -
2 TOM HILL - - -
3 DAVID CALLARD - - -
4 DON MILLER - - - 25,000
5 PAUL FREDERICK 471 15,417 12,500
6 MIKE MCGROARTY 300 13,334 12,500
7 SHELDON PAUL 32 12,500 24,000
8 KEN BOIN 745 10,417
9 ROGER BEARD 1,599 10,833
10 ROB CHASE - 13,000 24,960
11 MARIO FERRAIRO 672 12,500 8,500
12 JIM ANDERSON - - -
-----------------------------------------------------------------------
13 TOTAL PAYMENT TO INSIDERS $ 3,819 $ 88,001 $ 8,500 $ - $ 98,960
============== ========= =========== ======= ============
TOTAL PAID TOTAL PAID
NAME THIS MONTH TO DATE
1 PAUL SCHMIDT $ - $ 500
2 TOM HILL - $ 500
3 DAVID CALLARD - $ 500
4 DON MILLER 25,000 $ 26,000
5 PAUL FREDERICK 28,388 $ 90,775
6 MIKE MCGROARTY 26,134 $ 93,902
7 SHELDON PAUL 36,532 $ 63,017
8 KEN BOIN 11,162 $ 35,576
9 ROGER BEARD 12,432 $ 38,756
10 ROB CHASE 37,960 $ 74,911
11 MARIO FERRAIRO 21,672 $ 24,556
12 JIM ANDERSON - $ 65,166
-----------------------------
$ 199,280 $ 514,159
========== ===========
13 TOTAL PAYMENT TO INSIDERS
</TABLE>
<TABLE>
<CAPTION>
PROFESSIONALS
------------------------------------------------------------------------------------------------------------------------------
TOTAL
NAME DATE OF COURT TOTAL PAID INCURRED &
AUTHORIZING PAYMENT AMOUNT APPROVED AMOUNT PAID TO DATE UNPAID
<S> <C> <C> <C>
1 NONE - - -
2 - - -
3 - - -
4 - - -
5 - - -
----------- ---------- ----------
6 TOTAL PAYMENT TO PROFESSIONALS $ - $ - $ -
=========== ========== ==========
</TABLE>
<TABLE>
<CAPTION>
POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS
------------------------------------------------------------------------------------------------------------------------------
SCHEDULED
NAME OF CREDITOR MONTHLY PAYMENT AMOUNTS PAID TOTAL UNPAID
DUE DURING THE MONTH POSTPETITION DATE PAID
<S> <C> <C> <C>
1 IRVINE INDUSTRIAL COMPANY(ASSIGNED TO T-TECH LABS, INC) $ - $ - $ -
2 CROWN POINTE LLC - - -
3 EOP OPERATING L.P.(ASSIGNED TO SABA SYSTEMS) - - -
4 FINOVA LOAN ADMINISTRATION 1,295 - 1,295
5 BSB LEASING (FORMERLY AMERILEASE) 4,037 6,324 -
6 INTEL FINANCIAL SERVICES 4,619 - 4,619
7 IOS CAPITAL 4,595 - 4,595
9 LUCENT TECHNOLOGIES 16,385 19,865 -
10 VIDEO & SOUND SERVICES(ASSIGNED TO SABA SYSTEMS) - -
11 IBM CORPORATION 1,574 1,574 -
12 T-TECH HOLDING CO. 11,967 - 11,967
TOTAL ------------- -------------
$ 27,763 $ 22,476
============= =============
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
CASE NAME: INFORMATION MANAGEMENT ASSOCIATES, INC. CASE NUMBER: 00-33268 ACCRUAL BASIS
-----------------------------------------------------------------------------------------------------------------------------------
---------------------
QUESTIONNAIRE
-----------------------------------------------------------------------------------------------------------------------------------
YES NO
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? X
-----------------------------------------------------------------------------------------------------------------------------------
2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSESSION ACCOUNT? X
-----------------------------------------------------------------------------------------------------------------------------------
3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNT, NOTES, OR LOANS) DUE FROM RELATED PARTIES? X
-----------------------------------------------------------------------------------------------------------------------------------
4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIBILITIES THIS REPORTING PERIOD? X
-----------------------------------------------------------------------------------------------------------------------------------
5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY? X
-----------------------------------------------------------------------------------------------------------------------------------
6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? X
-----------------------------------------------------------------------------------------------------------------------------------
7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE? X
-----------------------------------------------------------------------------------------------------------------------------------
8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? X
-----------------------------------------------------------------------------------------------------------------------------------
9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? X
-----------------------------------------------------------------------------------------------------------------------------------
10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT? X
-----------------------------------------------------------------------------------------------------------------------------------
11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD? X
-----------------------------------------------------------------------------------------------------------------------------------
12. ARE ANY WAGE PAYMENTS PAST DUE? X
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES" PROVIDE A DETAILED
EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY.
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
<TABLE>
<CAPTION>
---------------------
INSURANCE
-----------------------------------------------------------------------------------------------------------------------------------
YES NO
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT? X
-----------------------------------------------------------------------------------------------------------------------------------
2. ARE ALL PREMIUM PAYMENTS PAID IN EFFECT? X
-----------------------------------------------------------------------------------------------------------------------------------
3. PLEASE ITEMIZE BELOW.
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO" OR IF ANY POLICIES HAVE BEEN
CANCELED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION
BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY.
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
INSTALLMENT PAYMENTS
------------------------------------------------------------------------------------------------------------------------------------
PAYMENT AMOUNT
TYPE OF POLICY CARRIER PERIOD COVERED & FREQUENCY
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
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