Proliance International has filed a consolidated list of the 30 largest unsecured creditors for itself and its affiliated Debtors (the “Top Unsecured Creditor List”) in lieu of a separate list for each of the Debtors. Claims for creditors on the Top Unsecured Creditors List total almost $45 million. The amounts owed to each of the unsecured suppliers are all listed as trade debt. Likely because the Debtors provide aftermarket components, we only see one familiar name – Alcoa Mill Products is listed with a claim of $1,845,151. There ia also one huge claim of approximately $17 million of Enterex Industrial Co. Ltd., which claim is tagged as “disputed.”
The Top Unsecured Creditor List is based on the Debtors’ books and records as of approximately June 30, 2009. The Top 30 List does not include: (1) persons who come within the definition of “insider”; or (2) secured creditors, unless the value of the collateral is such that the unsecured deficiency places the creditor among the holders of the largest unsecured claims.The Top Unsecured Creditor List in order of size is:
Name of creditor | Nature of claim | Contingent, unliquidated, disputed, or subject to setoff | Amount of claim |
Enterex Industrial Co. Ltd. | Trade Debt | Disputed | $17,159,030.68 |
Transtec Global Group | Trade Debt | $11,780,507.99 | |
U&C Auto Parts Co. Ltd. | Trade Debt | $2,597,415.76 | |
Alcoa Mill Products | Trade Debt | $1,845,151.19 | |
Luvata Netherlands BV | Trade Debt | $1,372,542.63 | |
Foshan Guang Dong Automotive | Trade Debt | $1,192,340.00 | |
President Automobile Industries Co. Ltd. | Trade Debt | $1,173,970.22 | |
Lumei (Houfeng Group) Auto Radiator | Trade Debt | $1,142,124.13 | |
Sapa/Norca Heat Transfer | Trade Debt | $918,684.90 | |
Tianjin Xinyue Auto Part Co. Ltd. | Trade Debt | $878,026.24 | |
Luvata Sweden AB | Trade Debt | $810,274.09 | |
Yellow Transportation Inc. | Trade Debt | $559,140.45 | |
Age Industries Ltd. | Trade Debt | $510,895.59 | |
Southwestern Motor Trans Inc. | Trade Debt | $327,155.74 | |
Jensen Auto | Trade Debt | $224,006.00 | |
WR Zanes & Company of LA Inc,. | Trade Debt | $211,970.84 | |
Roadway Express, Inc. | Trade Debt | $209,116.74 | |
Santech Industries, Inc. | Trade Debt | $203,876.99 | |
Guangzhou Dongyuan Scroll Ind. Co. Ltd. | Trade Debt | $174,294.96 | |
M&K Logistics, Inc. | Trade Debt | $169,629.43 | |
Sealed Air Corporation | Trade Debt | $163,520.58 | |
Rebuilders Automotive Supply, Inc. | Trade Debt | $155,896.67 | |
FedEx Freight East | Trade Debt | $143,310.12 | |
Chiping Luhuan Auto Radiator Co. Ltd. | Trade Debt | $131,560.82 | |
FedEx National LTL | Trade Debt | $129,018.54 | |
Rayloc / RMDS | Trade Debt | $117,744.23 | |
Saia Motor Freight Lines, Inc. | Trade Debt | $117,389.32 | |
Metrican Stamping Company, Inc. | Trade Debt | $115,278.54 | |
Jefferies & Company Inc. | Trade Debt | $101,039.70 | |
Leggett & Platt, Inc. | Trade Debt | $98,332.79 |