Document 5b3Knzbppj7aMxmwGbOZoEY8J

NORTH AMERICAN REFRACTORIES COMPANY CONSOLIDATED STATEMENT OF INCOME (Dollar amounts in thousands) Net sales Cost of sales Operating expenses: Selling and warehousing Research and engineering General and administrative Incentive plans Restructuring (income) expense Income from operations Other income (expense): Equity in earnings of affiliate Interest expense Other, net income (loss) before minority interest, income taxes and cumulative effect of change in accounting principle Minority interest Income tax benefit (expense) Income (loss) before cumulative effect of change in accounting principle Cumulative effect on prior years of a change in accounting for income taxes Net income Year ended December 11 1994 1221 $ 236,689 S 239,101 -.-19.499 -2.0J.J7Q -21531 16,352 4,179 10,003 1,678 -- -2L212 7.287 % 105 (4,231) 16 -..(4,110) 3.177 406 . 0.890) 1,693 -- 21,332 3,851 11,629 475 ____ 026) --2L.L11 __ m (4,774) 2.172 (2.602) 0.782) 548 66 0,168) ___ LM *TM The accompanying notes are an integral part of the consolidated financial statements. NAR-76 NORTH AMERICAN REFRACTORfES COMPANY CONSOLIDATED BALANCE SHEET (Dollar amounts in thousands) December 31. Current Assets: Assets 1994 1993 Cash $ 2,554 S 412 Accounts receivable, net 47,786 39,706 Inventories 56,188 62,074 Other current assets Deferred income taxes 6,736 5.182 5,979 6.046 Total current assets 118.446 114.217 Property, Plant and Equipment, at cost: Land and land improvements Buildings and leasehold improvements Machinery and equipment Construction in progress Less - Accumulated depreciation 4,313 21,022 64,730 2.487 92,552 _f52J25) 42,427 4,682 21,641 64,483 2.541 93,347 (47.141) 46,206 Assets Held for Sale Investment in Affiliate Intangibles and Other Long-Term Assets Liabilities and Shareholders' Eouitv Current Liabilities: Revolving notes payable Current portion of long-term debt Accounts payable Income taxes payable Other accrued expenses Total current liabilities 2,349 2,168 3.744 S 169.134 1,932 ___ iM S 166.414 S 15,000 35,841 22,268 lO' L1L251 91.374 $ 23,363 6.831 18,540 97 67.769 Long-Term Debt Deferred Income Taxes Other Long-Term Liabilities Minority Interest Shareholders' Equity: Common stock, no par value, 100,000 shares authorized; 61,065 and 64,143 issued and 57,474 and 63,239 shares outstanding at December 31, 1994 and 1993, respectively Additional paid-in capital Retained earnings Cumulative foreign currency translation adjustment 15,064 1,109 10,404 259 35,874 1,453 8,057 665 21,238 11,425 23,033 -- 55,696 23,901 11,425 22,840 ___ OflS 58,060 Less: Unearned compensation for restricted stock awards Treasury shares, at cost; 3,591 shares and 904 shares at December 31, 1994 and 1993, respectively Pension liability adjustment Contingent Liabilities (4,080) ___ (692) 50,924 -- ? 169,134 (3,427) (1,356) (681) 52,596 -- S 166.414 The accompanying notes are an integral part of the financial statements. % 4 *A f\,r rvr\v^ i KjtKitL^s dJi'vtt^Aii 1 CONSOLIDATED BALANCE SHEET (Dollar amounts in thousands) December 11 Current Assets: Assets 199? 1992 Cash Accounts receivable, net Inventories Prepaids and other assets Deferred income taxes Total current assets S 412 39,706 62,074 5,979 6.046 114.217 S 482 44,008 60,317 5,616 1.736 112.159 Property, Plant and Equipment, at cost: Land and land improvements Buildings and leasehold improvements Machinery and equipment Construction in progress Less - Accumulated depreciation 4,682 21,641 64,483 - .2,541 93,347 (47.1411 46,206 6,548 19,839 56,266 -- 4.16L 86,814 | ,258 45,556 Assets Held for Sale Intangibles and Other Long-Term Assets Liabilities and Shareholders* Equity Current Liabilities: Revolving notes payable Current portion of long-term debt Accounts payable Income taxes payable Other accrued expenses Total current liabilities 1,932 4.059 S 166.414 1,377 1.495 S 160.587 $ 23,363 6,831 18,540 97 18.93867.769 S 18,555 831 20,985 24 17.940 Long-Term Debt Deferred Income Taxes Other Long-Term Liabilities Minority Interest 35,874 1,453 8,057 665 42,704 216 5,981 1,213 Shareholders' Equity: Common stock, no par value, 100,000 shares authorized; 64,143 and 62,864 issued and 63,239 and 62,081 shares outstanding at December 31, 1993 and 1992, respectively Additional paid-in capital Retained earnings Cumulative foreign currency translation adjustment 23,901 11,425 22,840 H06> 58,060 22,883 11,425 22,114 99 56,521 Less: Unearned compensation for restricted stock awards Treasury shares, at cost; 904 shares and 783 shares at December 31, 1993 and 1992, respectively Pension liability adjustment (3,427) (L356) (68 n 52,596 (2,865) (1,174) (3441 52,138 Contingent Liabilities (Note 15) S 166.414 S 160.587 The accompanying notes are an integral part of the financial statement*. NORTH AMERICAN REFRACTORIES COMPANY CONSOLIDATED STATEMENT OF INCOME (Dollar amounts in thousands) Net sales Cost of sales Operating expenses: Selling and warehousing Research and development General and administrative Incentive plans Restructuring (income) expense (Note 7) Income from operations Other income (expense): Interest expense Other, net Income (loss) before minority interest, income taxes and cumulative effect of change in accounting principle Minority interest Income tax benefit (expense) (Note il) Income (loss) before cumulative effect of change in accounting principle Cumulative effect on prior years of a change in accounting principle for income taxes Net income Year ended December 31, 1993 1992 $239,101 $ 242,681 -3LS35 195.042 47.639 21,332 4,162 11,922 475 ____ 0.76) -JL21S 820 18,360 4,090 11,618 1,450 _mm --10.670 (*,774) 2.172 ... g,.6Q2) __ UL22) 548 66 (1,168) .U94 (4,856) 362 (4.494) 156 _JLM) 4,391 -- 1--22(2 The accompanying notes are an integral part of the consolidated financial statements. NORTH AMERICAN REFRACTORIES COMPANY CONSOLIDATED STATEMENT OF OPERATIONS (Dollar amounts in thousands) Net sales Cost of sales Operating expenses: Selling and warehousing Research and engineering General and administrative Restructuring charges (Note 6) Income from operations Other (income) expense: Interest expense Other, net Income (loss) before minority interest and income taxes Minority Interest income tax expense (Note 9) Net income (loss) Year ended December 31. 1931 1990 $ 242,381 197.544 44,837 $ 257,458 2Q&213 49.245 18,787 4,449 12,428 .... Z.6Q8 43.272 1.565 5,912 718 ' 6.630 -ffLflgg) (22) ___ m $ (5,932) 17,490 4,974 13,229 ... -1.978 TM3Lzi -1123 5,753 _04Z) 5.606 ~ __ L1Q2 $ 4,566 The accompanying notes are an integral part of the consolidated financial statements. tM^run AMERICAN REFRACTORIES COMPANY CONSOLIDATED BALANCE SHEET Asset? Current Assets: (Dollar amounts in thousands) December 31. 1992 1991 Cash S 482 S 212 Accounts receivable, net Inventories Prepaids and other assets 44,008 60,317 5,616 43,427 59,139 5,140 Deferred income taxes 1.736 2.725 Total current assets 112.159 110.643 Property, Plant and Equipment, at cost: Land and land improvements Buiidings and leasehold improvements Machinery and equipment Construction in progress Less - Accumulated depreciation Assets Held for Sale Other Long-Term Assets Liabilities and Shareholders* Equity 6,548 19,839 56,266 4.161 86,814 I&L2S) 45,556 7,597 19,986 53,123 1.678 82,384 138,148) 44,236 1,377 1.495 S 160,587 .. 757 $ 155,636 Current Liabilities: Revolving notes payable Current portion of long-term debt Accounts payable income taxes payable Other accrued expenses Total current liabilities S 18,555 831 20,985 24 17.940 58.335 S 14,822 827 18,524 392 17.866 52.431 Long-Term Debt Deferred Income Taxes Other Long-Term Liabilities Minority interest Shareholders' Equity: Common stock, no par value, 100,000 shares authorized; 62,864 and 60,625 issued and 62,081 and 60,552 shares outstanding at December 31,1992 and 1991, respectively Additional paid-in capital Retained earnings Cumulative foreign currency translation adjustment 42,704 216 5,981 1,213 44,535 224 6,266 569 22,883 11,425 22,114 99 56,521 20,964 11,425 20,195 574 53,158 Less: Unearned compensation for restricted stock awards Treasury shares, at cost, 783 shares and 73 shares at December 31,1992 and 1991, respectively Pension liability adjustment Total shareholders5 equity (2,865) (1,174) 1344) 52,138 (1,400) (109) 138) 51,611 Contingent Liabilities (Note 13) 160,587 S 155,636 The accompanying notes are an integral part of the consolidated financial statements. NORTH AMERICAN REFRACTORIES COMPANY CONSOLIDATED STATEMENT OF OPERATIONS (Dollar amounts in thousands) Net sales Cost of sales Operating expenses: Selling and warehousing Research and engineering General and administrative Incentive plans Restructuring charges (Note 6) income from operations Other (income) expense: Interest expense Other, net Income (loss) before minority interest and income taxes Minority interest income tax expense (Note 9) Net income (loss) Year ended December 31 1991 S242.681 195.042 47.639 S242.381 197,544 ,,L227 18,360 4,090 11,618 1,450 1.451 36.969 iq.S70 18,787 4,449 12,428 7.608 43.272 -J*565 4,856 (362V 4494 6.176 (155) 1,941 $ 4,391 5,912 718 JL62Q i&ggg) (22) S (5,932) The accompanying notes are an integral part of the consolidated financial statements. NORTH AMERICAN REFRACTORIES COMPANY STATEMENT OF INCOME (Dollar amounts in thousands) Year ended December 31. 1229 1989 Net sales Cost of sales $ 202,731 192,1222 40.695 $ 208,626 167.364 41.262 Operating expenses: Selling and warehousing Research and engineering General and administrative Restructuring charges Income from operations 13,856 4,351 11,201 -- .29,m 11.287 13,021 4,179 10,443 -JLffil -11ZSB Other (income) expense: interest expense Other, net Income before income taxes and change in method of accounting for income taxes 4,620 (269) -A35A 6.936 6,093 . 898 .. -&sai 4.777 income tax expense: Current Deferred Income before change in method of accounting for income taxes Effect of change in method of accounting for income taxes on prior years Net income 2,382 .JLQ9Z) _L24 5,591 -- $ 5,591 1,905 --(1.047) . -- 858 3,919 287 $ 4,206 The accompanying notes are an integral part of the financial statements. NORTH AMERICAN REFRACTORIES COMPANY CONSOLIDATED BALANCE SHEET (amounts in thousands) December 31. Assets 1991 1990 Current Assets: Cash S 212 $ 406 Accounts receivable Inventories Prepaids and other assets Deferred income taxes Total current assets 43,427 59,139 5,140 2.725 110.643 37,782 66,439 4,081 2.232 110.940 Property, Plant and Equipment, at cost: Land and land improvements Buildings and leasehold improvements Machinery and equipment Construction in progress Less - Accumulated depreciation 7,597 19,409 52,547 1.678 81,231 (36.995) 44,236 7,487 19,845 50,987 -- 1,897 80,206 47,774 Other Long-Term Assets Deferred Income Taxes 757 -- $ 155,636 422 309 $ 159,445 Liabilities and Shareholders' Equity Current Liabilities: Revolving notes payableCurrent portion of long-term debt Accounts payable Income taxes payable Other accrued expenses Total current liabilities Long-Term Debt Deferred Income Taxes Other Long-Term Liabilities Minority Interest $ 14,822 6,827 18,524 392 22,045 --' 38,535 224 1,087 569 $ 9,118 6,366 20,149 306 18.759 54.698 47,056 211 -- -- Shareholders' Equity: Common stock, no par value, 100,000 shares authorized and 60,625 issued; 60,552 and 61,253 shares outstanding at December 31,1991 and 1990, respectively Additional paid-in capital Retained earnings Cumulative foreign currency translation adjustment 20,964 11,425 20,195 574 53,158 21,534 11,425 26,127 560 59,646 Less: Unearned compensation for restricted stock awards Treasury shares, at cost, 73 shares at December 31,1991 Pension liability adjustment Total shareholders' equity (1,400) *88 51,611 (1,970) (196) 57,480 Contingent Liabilities $ 155,636 $ 159,445 The accompanying notes are an integral part of the consolidated financial statements. NORTH AMERICAN REFRACTORIES COMPANY BALANCE SHEET (Dollar amounts In thousands) Assets Current Assets: Cash Accounts receivable Inventories Prepaids and ocher assets Deferred income taxes Total current assets December 31. 1989 1988 5 209 24,201 52,570 2,766 1.516 81,262 $ 431 25,497 48.954 2.704 - 77.586 Property, Plant and Equipment, at cost: Land and land improvements Buildings and leasehold improvements Machinery and equipment Construction in progress Less Accumulated depreciation Other Assets 6,359 12,733 29,220 752 49,064 (11.763) 37,301 SI 18,563 6,119 12,170 27,030 1,144 46,463 (8.497! 37,966 325 S115,877 Liabilities and Shareholders' Equity Current Liabilities: Revolving notes payable Current portion of long-term debt Accounts payable Income taxes payable Other accrued expenses Total current liabilities S 31,729 1,800 14,865 330 13.086 61.810 $ 27,702 2,125 21,301 359 9.136 60/623 Long-Term Debt 13,839 Deferred income taxes 222 Shareholders' Equity: Common stock, no par value, 100,000 shares authorized and 47,500 Issued; 47,131 and 47,500 shares outstanding at December 31, 1989 and 1988, respectively Additional paid-in capital Retained earnings Cumulative foreign currency translation adjustment 17.441 3,925 21,078 565 Less - Treasury shares, at cost. 369 shares in 1989 43,009 (317) Total shareholders' equity 42,692 Contingent liabilities $118,563 16,568 17,441 3,925 16,872 448 38,686 38,686 S115,877 The accompanying notes are an integral part of the financial statements. 4 NORTH AMERICAN REFRACTORIES COMPANY STATEMENT OF INCOME (Dollar amounts in thousands) Net sales Cost of sales Operating expenses: Selling and warehousing Research and engineering General and administrative Restructuring charges Income from operations Other expense: Interest Other, net Income before income taxes, tax loss carryforward credit and change in method of accounting for income taxes Income tax expense: Taxes payable Deferred taxes Tax effect of loss carry forward credit Income before tax loss carry forward credit and change in method of accounting for income taxes Tax loss carryforward credit Effect of change in method of accounting for income taxes on prior years Net Income Year ended December 31, 1989 1988 $208,626 $206,232 167,364 41,262 163,092 43,140 13,021 4,179 10,443 1,851 29,494 11,768 12,494 4,228 11,626 28,348 14,792 6,093 898 6,991 6,183 2,394 8`;'577 4,777 1,905 (1.047) -- 858 3,919 - 287 $ 4,206 6,215 815 592 1,407 4,8'08 592 $ 5,400 The accompanying notes are an integral part of the financial statements. NORTH AMERICAN REFRACTORIES COMPANY STATEMENT OF INCOME (Dollar amounts in thousands except per share amounts) Year ended December 31. 1988 1987 Net sales Cost of sales Operating expenses: Selling and warehousing Research and engineering General and administrative Income from operations Other (income) expense: Interest Other, net Income before income taxes and tax loss carryforward credit Income tax expense: Taxes payable Tax effect of loss carry forward credit Income before tax loss carry forward credit Tax loss carryforward credit Net income $206,232 163,092 43,140 f-th 'i.- 12,494 4,228 11,626 28,348 14,792 6,183/ 2,394 8,577 6,215 815 592 4,808 592 $ 5.400 $177,581 139,326 38,255 tju'; /, l / /> 11,215 3,957 8,056 23,228 15,027 6,016 (43) 5 ,-973 9,054 448 1 ,058 7,548 1,058 $ 8.606 Earnings per common share: Income before tax loss carry forward credit Tax loss carryforward credit Net income $ 108.86 13.40 $ 122.26 $ 180.62 28.25 $ 208.87 The accompanying notes are an integral part of the financial statements. BALANCE SHEET (Dollar amounts in thousands) December 31, 1988 1987 Assets Current Assets: Cash Accounts receivable Inventories Prepaids and other assets $ 431 25,497 48,954 2,704 $ 363 26,776 47,138 2,017 Total current assets 77,586 76,294 Property, Plant and Equipment, at cost Land and buildings Machinery and equipment Construction in progress Less - Accumulated depreciation 18,289 27,030 1,144 46,463 8,497 37,966 17,315 20,801 3,316 41,432 5,312 36,120 Other Assets 325 $115,877 650 $113,064 Liabilities and Shareholders' Equity Current Liabilities: ^Revolving notes payable '''Current portion of long-term debt Accounts payable Income taxes payable Other accrued expenses Total current liabilities * $ 27,702 * 2,1 25 21,301 359 9,136 60,623 vLong-Term Debt 16,568 Shareholders' Equity: Redeemable preferred stock, $50 par value, 337,500 shares authorized; 241,201 shares issued and out standing at December 31, 1987 Common stock, no par value, 47,500 shares authorized; 47,500 and 37,500 shares issued and outstanding at December 31, 1988 and 1987, respectively Additional paid-in capital Retained earnings Cumulative foreign currency translation adjustment Total shareholders' equity 17.441 3,925 16,872 448 38,686 Contingent liabilities - $115,877 $ 27,712 2,152 23-61 7 400 8,707 62,588 23,293 12,060 3,471 11,472 180 27,183 $113,064 The accompanying notes are an integral part of the financial statements. * NORTH AMERICAN REFRACTORIES COMPANY STATEMENT OF INCOME (Dollar amounts In thousands except per share amounts) Net sales Cost of sales Gross profit Operating expenses: Selling and warehousing Research and engineering General and administrative Operating profit Other (income) expense: Interest Other, net Income before income taxes and tax loss carryforward credit Income tax expense: Taxes payable Tax effect of loss carry forward credit Income before tax loss carry forward credit Tax loss carryforward credit Net Income Earnings per common share: Income before tax loss carry forward credit Tax loss carryforward credit Net income Year ended December 31, 1987 1986 $176,732 $140,267 139,326 37,406 107,812 - 32,455 11,215 3,957 8,056 23,228 14,178 10,546 3,565 7,372 21,483 10,972 6,016 (892) 5,124 6,186 ,784 6,970 9,054 4,002 448 1*058 400 7,548 i n*; 3,602 $ 180.62 28.25 $ 80.39 $ 80.39 The accompanying notes are an integral part of the financial statements. BALANCE SHEET (Dollar amounts In thousands) December 31, 1987 1986 Assets Current Assets: Cash Accounts receivable Inventories Prepaids and other assets Total current assets $ 363 26,776 47,138 2,017 76,294 $ 450 16,229 38,058 1,956 56,693 Property, Plant and Equipment: Land and buildings Machinery and equipment Construction in progress Less - Accumulated depreciation 17,315 20,801 3,316 41,432 5,312 36,120 17,301 19,738 447 37,486 2,503 34,983 Other Assets 975 $92,651 Liabilities and Shareholders* Equity Current Liabilities: Revolving notes payable Current portion of long-term debt Accounts payable Income taxes payable Other accrued expenses Total current liabilities $ 27,712 2,152 23,617 400 8,707 62,588 Long-term Debt 23,293 Shareholders' Equity: Redeemable preferred stock, $50 par value, 337,500 shares authorized; 241,201 shares issued and outstanding Common stock, no par value, 41,250 shares authorized; 37,500 and 37,198 shares issued and outstanding at December 31, 1987 and 1986, respectively Retained earnings Foreign currency translation adjustments 12,060 3,471 11,472 180 Total shareholders' equity 27,183 $113.064 $19,245 4,075 17,278 400 7,648 48,646 25,627 12,060 3,420 2,866 ______32 18,378 $92,651 The accompanying notes are an integral part of the financial statements. * m CONTENTS 1. Carrier: Aetna Casualty 4 Surety Co. Policy Type: Comprehensive Auto Comprehensive liability Policy No.: 1AL 26219 SR(Y) limits of liability: $300,000 .2 Carrier: Aetna Casualty & Surety Co. Policy Type: Comprehensive liability Comprehensive Auto Policy No.: 65 A2 1S226 SR(Y) limits of liability: $300,000 gRLXLBlfltt 1/1/63-1/1/66 1/1/66-7/1/66 3. Carrier: Aetna Casualty 4 Surety Co. Policy Type: Comprehensive Auto Comprehensive Liability Policy No.: 65 Al 016550SR(Y) limits of liability: $1,000,000 each person $300,000 each accident $300,000 aggregate products 7/1/66-7/1/69 Property Damage $100,000 each accident $100,000 aggregate operations $100,000 aggregate protective $100,000 aggregatge products $100,000 aggregate contractual EL/IND/P/4/88 m mmi .8 Carrier: Employers Insurance of Mausau 7/1/76-7/1/77 Policy Type: Comprehensive generalliability Policy Ho.: 0527 00 086405 limits of liability: Bod11v_lniurv $500,000 each occurrence $500,000 aggregate Property Pnagr $500,000 each occurrence $500,000 aggregate 4 9. Carrier: Employers Insuranceof Mausau 7/1/77-7/1/78 . Policy Type: Comprehensive general liability Policy Ho.: 0528 00 086105 Limits of. liability: Bodily Injury $1,000,000 each occurrence $1,000,000 aggregate femertyJlimqft $1,000,000 each occurrence $1,000,000 aggregate '** .10 Carrier: Employers Insurance of Mausau 7/1/78*7/1/79 Policy Type: Comprehensive general liability Policy Ko.s 0129 00 0S6405 limits of liability: . Bodily Injury $1,600,000 each occurrence 11,000,000 aggregate Property Damage ' $1,000,000 each occurrence $1,000,000 aggregate EL/IND/P/4/88 2- - m CONTENTS fgLXCLgffilflP 4. Carrier: Aetna Casualty 4 Surety Co. 7/1/69-7/1/72 Policy Type: Comprehensive General Liability Policy No.: 65 Al 017266SR(Y) Limits of Liability: $1*000,000 each person $300,000 each accident $300,000 aggregate toMEfaLltoraag $100,000 each occurrence $100,000 aggregate 5. Carrier: Hartford 7/1/72-7/1/74 Policy Type Comprehensive General Liability Policy No.: 1-CA 48801E limits of liability: Unknown .6 Carrier: Employers Insurance of Wausau 7/1/74-7/1/75 Policy Type: Comprehensive GeneralLiability Policy No.: 0525 00 086405 limits of liability: Bodily Injury $300,000 each occurrence $300,000 aggregate $100,000 each occurrence $100,000 aggregate EL/INO/P/4/88 4 3- m COMTXMTS 7. Carrier: Employers Insurance of Wausau 7/1/75-7/1/76 Policy Type: Comprehensive General liability Policy No.: 0126 00 086405 limits of liability: gotilljr-InJunr $500,000 each occurrence. $500,009 aggregate Property Oiaaoe $500,000 each occurrence $500,000 aggregate EL/IND/P/4/88 <a TAB .11 Carrier: Policy Type: Employers Insurance of Uausau Comprehensive General Liability 7/1/79-7/1/80 Policy No.; 0520 00 092911 limits of Liability; 51,000,000 each occurrence 51,000,000 aggregate feaflerty Damage 51,000,000 each occurrence 51,000,000 aggregate .12 Carrier: Employers Insurance of Mausau Policy Type: Comprehensive General Liability 7/1/80-7/1/81 Policy No.: 0121 00 092911 Limits of 51,000,000 each occurrence $1,000,000 aggregate Property PaiEe 51,000,000 each occurrence $1,000,000 aggregate El/IND/P/4/88 4 m CflfflBQS 11. Carrier: Travelers Indemnity Co. Policy Type: Comprehensive Liability Policy No.: TRL-NSL-137T930-5-81 Limits of liability: $1,000,000 each occurrence POLICE-PERIOD 3/1/81-3/1/82 flamwly-PaHiMfi $1,000,000 each occurrence Bodily Injury/ProperfaLOamaoe $5,000,000 aggregate products & completed operations Retention $750,000 any one occurrence .12 Carrier: Travelers Indemnity Co. Policy Type: Comprehensive Liability Policy No.: TRL-NSL-137T930-5-82 Limits of Liability: $1,000,000 each occurrence 3/1/82-3/1/83 $1,000,000 each occurrence Mill iniury/Prwcrti Smm $5,000,000 aggregate products &. completed operations BfitfflttJW $750,000 any one occurrence AS/PRIM/INO/S/88 2- - m 13. Carrier: Policy Type TCroamvperleehresnsIinvdeelmianibtyilCitoy. Policy No.: TRL-NSL-137T930-5-83 Limits of liability: $1,000,000 each occurrence 3f/1//83-3/1/84 ESflMI^LPMagft $1,000,000 each occurrence BgUJjLlnJyrY/ECTPgrtY. Parage $5,000,000 aggregate products & completed operations Msfliian 1750,000 any one occurrence 14. Carrier: Travelers Indemnity Co. Policy Type: Policy No.: Comprehensive liability TRL-NSL-137T930-5-84 Limits of Liability: $1,000,000 each occurrence 3/1/84-3/1/85 Ex.mm JamMft SI,000,000 eaeh occurrence iodllv Injury/Property Damage $5,000,000 aggregate products I completed operations Retention $750,000 any one occurrence AS/PRIM/IND/5/88 8 -3- m msm 15. Carrier: Travelers Indemnity Co. Policy Type Comprehensive liability Policy Ho.: TRL-NSL-I37T930-5-85 Limits of Liability: SI*000,000 each occurrence PimrUJmm $1,000,000 each occurrence 3/1/85-3/1/86 $7,500,000 aggregate products & completed operations Bodily InJurv/Property Dapaoe $750,000 each occurrence 2. $750,000 etch occurrence $75ofoo^eaS^occurrence ( ?3 7 AS/PRIH/INO/5/88