Document pe41KeKwEoQjrx4gxYBvex8e7

> 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 Goss) before minority interest, income taxes and cumulative effect of change in accounting principle Minority interest Income tax benefit (expense) Income Goss) 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 31 1994 1222 S 236,689 $239,101 197,190 39.499 201.170 37.931 16,352 4,179 10,003 1,678 -- - 32.212 7.27 21,332 3,851 11,629 475 (176) - 37,111 820 105 (4,231) 1$ ....(4,110) 3.177 406 H.890I 1,693 ______ = (4,774) 2.172 -uzm) (1.782) 548 ______ gg (1,168) i.g94 LJM l___ 226 The accompanying notes are an integral part of die consolidated financial statements. t fMJK l M AMfc.KlL.AJX KKhKALTl'UKlfcA lUMTAWir CONSOLIDATED BALANCE SHEET (Dollar amounts in thousands) ______ December 31, Asses 1994 1991 Current Assets: Cash S 2,554 S 412 Accounts receivable, net 47,786 39.706 Inventories 56,188 62,074 Other current assets 6,736 5,979 Deferred income taxes Total current assets --5.182 118.446 6.046 114.217 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*47 92,552 J5P12g) 42,427 4,682 21,641 64,483 ___ 2*541 93,347 (47.1411 46,206 Assets Held for Sale Investment in Affiliate Intangibles and Other Long-Term Assets Liabilities and Shareholders' Eauitv Current Liabilities: Revolving notes payable Current 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 2,349 2,168 ___ im S 169.134 1,932 ___ 4J252 S 166.414 S 15,000 35,841 22,268 lti -13,255 -91.374 15,064 1,109 10,404 259 $ 23,363 6.831 18,540 97 18-938 -67J69 35,874 1,453 8,057 665 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 21,238 11,425 23,033 -- 55,696 23,901 11,425 22,840 cm 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) (6921 50,924 -- $ 169,1^4 (3,427) (1,356) cm 52,596 _ S 166.414 The accompanymg notes are an integral part of the financial statements. w. iw Mnuru iy.o (Dollar amounts in thousands) Assgjs Current Assets: Cash Accounts receivable, net Inventories Prepaids and other assets Deferred income taxes Total current assets Property, Plant and Equipment, at cost: Land and land improvements Buildings and leasehold improvements Machinery and equipment Construction in progress Less - Accumulated depreciation 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 Long-Term Debt Deferred Income Taxes Other Long-Term Liabilities Minority Interest 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 317 1993 and-1992, respectively Additional paid-in capital _Retained-eamings Cumulative foreign currency translation adjustment 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 Contingent Liabilities (Note 15) The accompanying notes are an integral part of the financial statements4. December 11 im 1992 $ 412 39,706 62,074 5,979 ___ 114.217 $ 482 44,008 60,317 5,616 ___ LZ2$ 112.159 4,682 21,641 64,483 2.541 93,347 -f,17J41.) 46,206 1,932 -4,052 $ 166.414 6,548 19,839 56,266 ___ UJSi 86,814 (41.258) 45,556 1,377 ___ im 5 160.587 $ 23,363 6,831 18,540 97 - 1.8.938' -SUM 35,874 1,453 8,057 665 $ 18,555 831 20,985 24 17.940 42,704 216 5,981 1,213 23,901 11,425 22,840 ____ W) 58,060 0,427) (1,356) (681) 52,596 22,883 11,425 22,114 99 56,521 (2,865) (U74) (244) 52,138 $ 166.414 S 160.587 f >. 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 Rtber 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 11) Income (loss) before cumulative effect of change in accounting principle Cumulative effect ou prior years of a change in accounting principle for income taxes Net income Year ended December H m im 5 239,101 5 242,681 -200.566 ... 3&S35 -195.042 -4.7,63,9 21,332 4,162 11,922 475 (176! 37.715 _____m 18,360 4,090 11,618 1,450 ___ L451 36.969 10.670 (4,774) 2.172 (2.6Q2) __ (L2S2) 548 ______ & (1,168) __ US! (4,856) _____m (4.4941 6.176 156 -0,910 4,391 $ 72$ $ 4-Ml The accompanying notes are an integral part of the consolidated financial statements. 4 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. 1921 1220 S 242,381 19Z.544 44,837 $ 257,458 -208,213 49.245 18,787 4,449 12,428 --21.608 43.272 -.-.1,565 17,490 4,974 13,229 --.1,978 37,671 -11,574 5,912 ____Z3fl 6.630 (5.065) (22) ___ 882 $ (5,932) 5,753 (HZ) __ 5,606 --5,269 -- 1.402 $ 4,566 The accompanying notes are an integral part of the consolidated financial statements. i ^ ii*/ unci n ^ 1 i i HL.U V^nm AlT I CONSOLIDATED BALANCE SHEET (Dollar amounts in thousands) ______ December 31, Assets 1992 1991 Current Assets: Cash S 482 S 212 Accounts receivable, net Inventories Prepaids and other assets Deferred income taxes Total current assets 44,008 60,317 5,616 ___ LZ2S 112.159 43,427 59,139 5,140 2.725 110.643 Property, Plant and Equipment, at cost: Land and land improvements 8uildings and leasehold improvements Machinery and equipment Construction in progress Less - Accumulated depredation Assets Held for Sale Other Long-Term Assets Liabilities and Shareholders' Eouitv 6,548 19,839 56,266 4.161 86,814 (.41,258) 45,556 7,597 19,986 53,123 1.678 82,384 -138,148) 44,236 1,377 ,J,495 S 160,587 757 S 155,636 Current Liabilities: Revolving notes payable Current portion of long-term debt Accounts payable Income taxes payable Other accrued expenses Total current liabilities $ 18,555 831 20,985 24 17.940 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_December31,1992 and 1991, respectively Additional paid-in capital Retained earnings Cumulative foreign currency translation adjustment 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 shareholders' equity 42,704 216 5,981 1,213 44,535 224 6,266 569 22,883 11,425 22,114 99 56,521 (2,865) (1.174) (344) 52,138 20,964 11,425 20,195 574 53,158 (1,400) (109) (38) 51,611 ^kContingent Liabilities (Note 13) w -- S 160,587 S 155,636 The accompanying notes are an integral part of the consolic^ted 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 si, 1992 1991 5242,681 195.042 .47$39 S242.381 197.544 18,360 4,090 11,618 1.450 1.451 36.969 18,787 4,449 12,428 7.608 43.273 . .11595 4,856 (362) 4.494 ...6,1.75 (156) 1.941 S 4,391 5,912 ____Z18 --6i>3Q 15*065) (22) ___ S9 5(5,932) The accompanying notes are an integral pan of the consolidated financial statements NORTH AMERICAN REFRACTORIES COMPANY STATEMENT OF INCOME (Dollar amounts in thousands) Year ended December 31. 1990 1989 Net sales Cost of sales $ 202.731 -162JB6 40.695 $ 208,626 167.364 -31368 Operating expenses: Selling and warehousing Research and engineenng General and administrative Restructuring charges Income from operations 13,856 4,351 11,201 J&fMB ..11.237 13,021 4,179 10,443 1,851 29.494 11.768 Other (income) expense: Interest expense Other, net Income before income taxes and change in method of accounting for income taxes 4,620 (29) ..-1351 6.936 6,093 ____S2S 6.991 4.777 Income tax expense: Current Deferred 2,382 (1.037) ..-1,3-45 1,905 .(1.047) ____258 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 5,591 -- $ 5,591 3,919 ____2SI S 4,206 The accompanying notes are an integral part of the financial statements. NORTH AMERICAN REFRACTORIES COMPANY CONSOLIDATED BALANCE SHEET (amounts in thousands) Assets t Current Assets: w Cash Accounts receivable Inventones Prepaids and other assets Deferred income taxes Total current assets 1991 $ 212 43,427 59,139 5,140 ___ 2J25 110.643 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 Other Long-Term Assets Deferred Income Taxes 757 -- $155,636 Liabilities and Shareholders' Eauitv Current Liabilities: Revolving notes payable Current 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 -23,045 33.61P 38,535 224 1,087 569 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 _____ m 53,158 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) (109) _____ m 51,611 ^Contingent Liabilities S 155,636 lurcri \j i. 1390 $ 406 37,782 66,439 4,081 2.232 110.94p 7,487 19,845 50,987 ___ LSSZ 80,206 (32.432) 47,774 422 309 $ 159,445 $ 9,118 6,366 20,149 306 18.759 47,056 211 21,534 11,425 26,127 ___ 58? 59,646 (1,970) i!96) 57,480 $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 other assets Deferred income taxes Total current assets December 31. 1989 1988 S 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 $118,563 6,119 12,170 27,030 1.144 46.463 (8.497) 37,966 325 $115,877 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 $ 31,729 1,800 14,865 330 13.086 61.810 $ 27,702 2,125 21.301 359 ___ 9,116 60.623 Long-Term Debt Deferred income taxes Shareholders* Equity: Common acock, no par value, 100,000 shares authorised 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 Less - Treasury shares, at cost, 369 shares In 1989 Total shareholders* equity 13.839 222 17,441 3,925 21,078 565 43,009 (317) 42.692 Contingent liabilities $118,563 16,568 - 17,441 3,925 16,872 ' 448 38,686 38,686 --' $115,877 The accompanying notes are an integral part of the financial statements. 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 Ocher, 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 carryforward 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 4,808 592 - $ 5,400 The accompanying notes are an integral part of the financial statements. 4 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 $206,232 163,092 43,140 t-L't < C 12,494 4,228 11,626 28,348 $177,581 139,326 38,255 11,215 3,957 8,056 23,228 Income from operations 14,792 15,027 Other (income) expense: Interest Other, net 6,183/ 2,394 8,577 6,016 (43) 5,-973 Income before income taxes and tax loss carryforward credit 6.215 ^ 9,054 Income tax expense: Taxes payable Tax effect of loss carry forward credit 815 448 592 1 ,058 Income before tax loss carry forward credit 4,808 7,548 Tax loss carryforward credit Net income 592 $ 5.400 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. t (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, Land and buildings Machinery and equipment Construction in progress at cost: 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 / 2,125 / 21,301 359 9,136 60,623 Long-Term Debt 16,568 / Shareholders' Equity: Redeemable preferred stock, $50 par value, 337,500 shares authorized; 241,201 shares issued and outstanding 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 1,058 $ 8.606 3,602 $ 3.602 $ 180.62 28.25 $ 208.87 $ 80.39 $ 80.39 The accompanying notes are an integral part of Che 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 650 $113,064 975 $9.2.651 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 & Surety Co. policy Type: Comprehensive Auto Comprehensive Liability Policy No.: 1AL 26219 SR(Y) Liwits of Liability: $300*000 .2 Carrier: Aetna Casualty & Surety Co. Policy Type: Comprehensive Liability Comprehensive Auto Policy No.: 65 A2 15226 SR(Y) Limits of Liability: $300*000 POLICY_PER100 3/1/63*1/1/66 1/1/66-7/1/66 3. Carrier: Aetna Casualty & Surety Co. Policy Type: Comprehensive Auto Comprehensive Liability Policy No.: 65 AL Q16SS0SR(Y) Limits of Liability: $1,000,000 each person $300,000 each accident $300,000 aggregate products 7/1/66-7/1/69 PrwttrtyJftaiai $100,000 each accident $100,000 aggregate operations $100,000 aggregate protective $100,000 aggregatge products $100,000 aggregate contractual EI/IN0/P/V88 m CONTENTS POLICY PERIOD 4. Carrier: Aetna Casualty & Surety Co. m/sw/ipi Policy Type: Comprehensive General liability Policy No.: 65 Al 017266$R(Y) Units of liability: ggtilTy Injury $1,000,000 each person $300,000 each accident $300,000 aggregate PropertOaigft $100,000 each occurrence $100,000 aggregate 5. Carrier: Hartford T/i/fz-j/im Policy Type: Comprehensive General liability Policy No.: l'CA 48801E Units of liability: Unknown 6. Carrier: Employers Insurance of Wausau 7/1/74-7/1/75 Policy Type: Comprehensive General liability Policy No.: 0525 00 086405 limits of liability: ftdllr InJilTY $300,000 each occurrence $300,000 aggregate Pn?PtEto- Dmm $100,000 each occurrence $100,000 aggregate El/IND/P/4/88 -3- m CONTENTS POLICY PERIOD 7. Carrier: Employers Insurance of Wausau 7/1/75-7/1/76 Policy Type: Comprehensive GeneralLiability Policy No.: 0526 00 086405 Limits of Liability: Bodily Injury $500,000 each occurrence. $500,000 aggregate Prwocti Plant $500,000 each occurrence $500,000 aggregate EL/IND/P/4/88 .I TAB ES POLICY PERIOD 8. Carrier: Employers Insurance of Wausau 7/1/76-7/1/77 Policy Type: Comprehensive GeneralLiability Policy No.: 0S27 00 08640$ Limits of Liability: Bodily Injury $500,000 each occurrence $500,000 aggregate $500,000 each occurrence $500,000 aggregate 9. Carrier: Employers Insurance of Wausau 7/1/77-7/1/78 . Policy Type: Comprehensive GeneralLiability Policy No.: 0528 00 086405 Limits of. Liability: Bodily Injury $1,000,000 each occurrence $1,000,000 aggregate Property Dam $1,000,000 each occurrence $1,000,000 aggregate .10 Carrier: Employers Insurance of Wausau 7/1/78-7/1/79 Policy Type: Comprehensive GeneralLiability Policy Ko.: 0529 00 08640$ Limits of Liability: Bodily Injury $1,000,000 each occurrence $1,000,000 aggregate Property Damage $1,000,000 each occurrence $1,000,000 aggregate EL/IND/P/4/88 -2- C.flfTSttTS POLICY PERIOD 11. Carrier: Employers Insuranceof Wausau 7/1/79-7/1/80 Policy Type: Comprehensive General Liability Policy No.: 0520 00 092911 Limits of Liability: Bodily Injury $1)000,000 each occurrence $1,000,000 aggregate Property Baam $1,000,000 each occurrence . $1,000,000 aggregate .12 Carrier: Eaployers Insurance of Wausau 7/1/80-7/1/81 Policy Type: Comprehensive GeneralLiability Policy No.: 0521 00 092911 Limits of Liability: Bodily. Ininri $1,000,000 each occurrence $1,000,000 aggregate Property Ommi $1,000,000 each occurrence $1,000,000 aggregate El/INO/P/4/88 m .C__O_N_TENT_S 11. Carrier: Travelers Indemnity Co. Policy Type: Comprehensive Liability Policy No.: TRL-NSL-137T930-5-81 Units of Liability: BodllY-Into $1,000,000 each occurrence POLICY PERIOD 3/1/81-3/1/82 Prmrty Dmtt 51,000,000 each occurrence Bodily Iniurv/Prooertv Damage $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: Bodily Injury 51,000,000 each occurrence fogportY. Pawqi 51,000,000 each occurrence 3/1/82-3/1/83 Bodily In-lurv/Propertv Damage 55,000,000 aggregate products & completed operations RgtfltttjM $750,000 any one occurrence AS/PRIH/INO/5/88 m j.miI 13. Carrier: Travelers Indemnity Co. Policy Type: Comprehensive Liability Policy No.: TRL-NSL-137T930-5-83 Limits of Liability: Bfldllv Injury $1,000,000 each occurrence EOUSi PERIflB 3/1/83-3/1/84 Property Damage $1,000,000 each occurrence Bodily ln3urv/Property_Daaaqft $5,000,000 aggregate products & completed operations ReSfOllPfl $750,000 any one occurrence 14. Carrier: Travelers Indemnity Co. Policy Type Comprehensive Liability Policy No.: TRL-NSL-137T930-5-84 Limits of Liability: Bodily Inlurv $1,000,000 each occurrence 3/1/84-3/1/85 Property Damage $1,000,000 each occurrence Bodily IalurY/Pn?Btrty.Jft3fl $5,000,000 aggregate products i completed operations tetcnilfltt $750,000 any one occurrence AS/PRIM/1ND/5/88 m cflgfliis IS. Carrier: Travelers Indemnity Co. Policy Type Comprehensive Liability Policy No.: TRL-NSL-137T930-5-85 Limits of Liability: Bodily Injury 31,000,000 each occurrence EQUC.Y -ESR1QB 3/1/85*3/1/86 frmrixJjSlflg $1,000,000 each occurrence B<>d1h idorr/ProwctY Dawoe $7,500,000 aggregate products S> completed operations Deductibles i- PolMion .ingldant Bq<U1y InjuTY/Propficty, Qaaiog $750,000 each occurrence i. otherJthMLPoUirtiJffl BldlLLlnlura $750,000 each occurrence Erosrty tomt f^ $750,000 each occurrence t, ^ 1S^ trvu) J (?37.r^ AS/PRIH/IW3/5/88 See CD For Balance Documents