PROMISSORY NOTE
April 13, 1998
(Date)
000 Xxxxxx Xxxxxx, Xxxxxx, Xxxxxxx Xxxxxx, XX 00000
_____________________________________________________________________________
(Address of Maker)
FOR VALUE RECEIVED, Plymouth Rubber Company, Inc. ("Maker") promises, jointly
and severally if more than one, to pay to the order of General Electric
Capital Corporation or any subsequent holder hereof (each, a "Payee") at its
office located at 0 Xxxxx Xxxx Xxxxx Xxxxx 000, Xxxx Xxxxxx, XX 00000 or at
such other place as Payee or the holder hereof may designate, the principal
sum of Three million seven hundred ten thousand and 00/100 Dollars
($3,710,000.00), with interest thereon, from the date hereof through and
including the dates of payment, at a fixed interest rate of Eight and 04/100
percent (8.04%) per annum, to be paid in lawful money of the United States,
in fifty-nine (59) consecutive monthly installments of principal and interest
of Seventy-five thousand two hundred ninety-six and 46/100 Dollars
($75,296.46) each ("Periodic Installment") and a final installment which
shall be in the amount of the total outstanding principal and interest. The
first Periodic Installment shall be due and payable on June 1, 1998 and the
following Periodic Installments and the final installment shall be due and
payable on the same day of each succeeding month (each, a "Payment Date").
Such installments have been calculated on the basis of a 360 day year of
twelve 30-day months. Each payment may, at the option of the Payee, be
calculated and applied on an assumption that such payment would be made on
its due date.
The acceptance by Payee of any payment which is less than payment in full of
all amounts due and owing at such time shall not constitute a waiver of
Payee's right to receive payment in full at such time or at any prior or
subsequent time.
The Maker hereby expressly authorizes the Payee to insert the date value is
actually given in the blank space on the face hereof and on all related
documents pertaining hereto.
This Note may be secured by a security agreement, chattel mortgage, pledge
agreement or like instrument (each of which is hereinafter called a "Security
Agreement") dated as of January 29, 1997, as amended.
Time is of the essence hereof. If any installment or any other sum due under
this Note or any Security Agreement is not received within ten (10) days
after its due date, the Maker agrees to pay, in addition to the amount of
each such installment or other sum, a late payment charge of five percent
(5%) of the amount of said installment or other sum, but not exceeding any
lawful maximum. If (i) Maker fails to make payment of any amount due
hereunder within ten (10) days after the same becomes due and payable; or
(ii) Maker is in uncured or unwaived default under, or fails to perform under
any term or condition contained in any Security Agreement, then the entire
principal sum remaining unpaid, together with all accrued interest thereon
and any other sum payable under this Note or any Security Agreement, at the
election of Payee, shall immediately become due and payable, with interest
thereon at the lesser of twelve percent (12%) per annum or the highest rate
not prohibited by applicable law from the date of such accelerated maturity
until paid (both before and after any judgment).
The Maker may prepay in full, but not in part, its entire indebtedness
hereunder upon payment of an additional sum as a premium equal to the
following percentages of the original principal balance for the indicated
period:
Prior to the first annual anniversary date of this Note:
three percent (3%)
Thereafter and prior to the second annual anniversary date of this Note:
two percent (2%)
Thereafter and prior to the third annual anniversary date of this Note:
one percent (1%)
Thereafter and prior to the fourth annual anniversary date of this Note:
one percent (1%)
Thereafter and prior to the fifth annual anniversary date of this Note:
one percent (1%)
and zero percent (0%) thereafter, plus all other sums due hereunder or under
any Security Agreement.
It is the intention of the parties hereto to comply with the applicable usury
laws; accordingly, it is agreed that, notwithstanding any provision to the
contrary in this Note or any Security Agreement, in no event shall this Note
or any Security Agreement require the payment or permit the collection of
interest in excess of the maximum amount permitted by applicable law. If any
such excess interest is contracted for, charged or received under this Note
or any Security Agreement, or if all of the principal balance shall be
prepaid, so that under any of such circumstances the amount of interest
contracted for, charged or received under this Note or any Security Agreement
on the principal balance shall exceed the maximum amount of interest
permitted by applicable law, then in such event (a) the provisions of this
paragraph shall govern and control, (b) neither Maker nor any other person
or entity now or hereafter liable for the payment hereof shall be obligated
to pay the amount of such interest to the extent that it is in excess of the
maximum amount of interest permitted by applicable law, (c) any such excess
which may have been collected shall be either applied as a credit against the
then unpaid principal balance or refunded to Maker, at the option of the
Payee, and (d) the effective rate of interest shall be automatically reduced
to the maximum lawful contract rate allowed under applicable law as now or
hereafter construed by the courts having jurisdiction thereof. It is further
agreed that without limitation of the foregoing, all calculations of the rate
of interest contracted for, charged or received under this Note or any
Security Agreement which are made for the purpose of determining whether such
rate exceeds the maximum lawful contract rate, shall be made, to the extent
permitted by applicable law, by amortizing, prorating, allocating and
spreading in equal parts during the period of the full stated term of the
indebtedness evidenced hereby, all interest at any time contracted for,
charged or received from Maker or otherwise by Payee in connection with such
indebtedness; provided, however, that if any applicable state law is amended
or the law of the United States of America preempts any applicable state law,
so that it becomes lawful for the Payee to receive a greater interest per
annum rate than is presently allowed, the Maker agrees that, on the effective
date of such amendment or preemption, as the case may be, the lawful maximum
hereunder shall be increased to the maximum interest per annum rate allowed
by the amended state law or the law of the United States of America.
The Maker and all sureties, endorsers, guarantors or any others (each such
person, other than the Maker, an "Obligor") who may at any time become liable
for the payment hereof jointly and severally consent hereby to any and all
extensions of time, renewals, waivers or modifications of, and all
substitutions or releases of, security or of any party primarily or
secondarily liable on this Note or any Security Agreement or any term and
provision of either, which may be made, granted or consented to by Xxxxx, and
agree that suit may be brought and maintained against any one or more of
them, at the election of Xxxxx without joinder of any other as a party
thereto, and that Payee shall not be required first to foreclose, proceed
against, or exhaust any security hereof in order to enforce payment of this
Note. The Maker and each Obligor hereby waives presentment, demand for
payment, notice of nonpayment, protest, notice of protest, notice of
dishonor, and all other notices in connection herewith, as well as filing of
suit (if permitted by law) and diligence in collecting this Note or enforcing
any of the security hereof, and agrees to pay (if permitted by law) all
expenses incurred in collection, including Payee's reasonable attorneys'
fees.
THE MAKER HEREBY UNCONDITIONALLY WAIVES ITS RIGHTS TO A JURY TRIAL OF ANY
CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF, DIRECTLY OR
INDIRECTLY, THIS NOTE, ANY OF THE RELATED DOCUMENTS, ANY DEALINGS BETWEEN
MAKER AND PAYEE RELATING TO THE SUBJECT MATTER OF THIS TRANSACTION OR ANY
RELATED TRANSACTIONS, AND/OR THE RELATIONSHIP THAT IS BEING ESTABLISHED
BETWEEN MAKER AND PAYEE. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL
ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT
(INCLUDING, WITHOUT LIMITATION, CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY
CLAIMS, AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS.) THIS WAIVER IS
IRREVOCABLE MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING,
AND THE WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS,
SUPPLEMENTS OR MODIFICATIONS TO THIS NOTE, ANY RELATED DOCUMENTS, OR TO ANY
OTHER DOCUMENTS OR AGREEMENTS RELATING TO THIS TRANSACTION OR ANY RELATED
TRANSACTION. IN THE EVENT OF LITIGATION, THIS NOTE MAY BE FILED AS A WRITTEN
CONSENT TO A TRIAL BY THE COURT.
This Note and any Security Agreement constitute the entire agreement of the
Maker and Payee with respect to the subject matter hereof and supercedes all
prior understandings, agreements and representations, express or implied.
No variation or modification of this Note, or any waiver of any of its
provisions or conditions, shall be valid unless in writing and signed by an
authorized representative of Maker and Payee. Any such waiver, consent,
modification or change shall be effective only in the specific instance and
for the specific purpose given.
Any provision in this Note or any Security Agreement which is in conflict
with any statute, law or applicable rule shall be deemed omitted, modified
or altered to conform thereto.
Plymouth Rubber Company, Inc.
/s/ Xxxxxxx X. Xxxxx By: /s/ Xxxxxx X. Xxxxx (L.S.)
(Witness) (Signature)
Xxxxxxx X. Kream Xxxxxx X. Xxxxx VP Finance
(Print name) Print name (and title, if applicable)
000 Xxxxxx Xxxxxx
Xxxxx, XX 00000 041733970
(Address) (Federal tax identification number)
==============================================================================
April 13, 1998
VIA FACSIMILIE
Xx. Xxxxxx Xxxxx
Plymouth Rubber Company, Inc.
000 Xxxxxx Xxxxxx
Xxxxxx, XX 00000
Dear Xx. Xxxxx:
This letter will serve to amend the Promissory Note dated April 13, 1998 to
Master Security Agreement dated January 29, 1997, as amended as follows:
Maker will pay a Payment on May 1, 1998 of interest only for the period of
April 13, 1998 through April 30, 1998. The interest payment will be based on
a fixed interest rate of 8.04%.
All other terms and conditions will remain in full force and effect.
Please indicate your acceptance by signing below.
Sincerely,
/s/ Xxxxxx X. Xxxx
Xxxxxx X. Xxxx
Senior Risk Analyst
ACKNOWLEDGED AND AGREED:
PLYMOUTH RUBBER COMPANY, INC.
By:/s/ Xxxxxx X. Xxxxx
Name: Xxxxxx X. Xxxxx
Title: VP Finance
==============================================================================
(3/91)
COLLATERAL SCHEDULE NO. 002
THIS COLLATERAL SCHEDULE NO. 002 is annexed to and made a part of that
certain Master Security Agreement dated as of January 29, 1997, as amended
between General Electric Capital Corporation as Secured Party and Plymouth
Rubber Company, Inc. as Debtor and describes collateral in which Debtor has
granted Secured Party a security interest in connection with the
Indebtedness (as defined in the Security Agreement) including without
limitation that certain Promissory Note dated April 13, 1998 in the
original principal amount of $3,710,000.00.
Year/Model Serial Number Description
SEE ANNEX A ATTACHED HERETO AND FORMING A PART HEREOF
SECURED PARTY: DEBTOR:
General Electric Capital Corporation Plymouth Rubber Company, Inc.
By: /s/ Xxxxx X. Xxxxx By: /s/ Xxxxxx X. Xxxxx
Title: Transaction Coordinator Title: VP Finance
Date: April 13, 1998 Date: April 9, 1998
i:\sec\dle\plymouth\doc
ANNEX A
BUILDING NO.1 - LEASED (INCLUDES 1-1, 1-2, 1-3) -----------------------
-------------
Rental Property "Xxxxx Engineering"
BUILDING NO. 2-1 (R) - NOT IN USE -------------------------------------
Barn - Not in use for current manufacturing
BUILDING NO. 3-1, 3-2 - (LEASED) -------------------------------------
---------------------
Rental Property "Xxxxx Engineering"
BUILDING NO. 3-3, 4 - (LEASED) ----------------------------------------
-------------------
Rental Property "Xxxxx Engineering"
BUILDING NO. 5A - (MAINTENANCE STORAGE) -------------------------------
----------------
Not in use for current manufacturing
USED EQUIPMENT & NEW CONSTRUCTION
1 1 #11 Size Banbury Body and Slide Door (in Yard)
2 4 Spare No. 11 Banbury Rotors (In Yard)
3 1 #3D - 300 H.P. Banbury Body - Spare
4 1 #3D Banbury Spare Rebuilt Rotors
5 1 Black Rock 45" Hydraulic Slab Cutter (in Yard)
6 1 Core Cutter for Friction Xxxxxxx (At Xxxx Machine)
7 Lot Yard Equipment in Separate Room:
3 Snow Blowers, Steam Cleaner, High Presure Cleaner,
Heating units, 2 Emergency Generators, Battery Charger, Etc
8 Lot Electric Storage Area:
Electric Fixtures, Electrical Control Boxes, Motors,
Light Fixtures, Wire, Elect. Tubing, Misc. Elect. Supplies
9 Lot Welding Area:
Oxy-Acetylene Outfits, 2 Lincoln 225/250 Arc Welders,
Miscellaneous Welding and Cutting Fixtures.
BUILDING NO. 5B - (MAINTENANCE STORAGE) -------------------------------
----------------
MAINTENANCE STOCK ROOM AND FORK TRUCK REPAIR
1 Lot Main Stock Room Spare Parts, Shelving, Electric
Parts, Motors, Cabinets, Tools, Drills, V-Belts,
Flat Belts, Bearings, Reducers, Etc.
2 Lot Miscellaneous spare parts including - Flat Belts, Pumps,
Chainfalls, Motors, Reducers, Gears, Mixers, Large
Bushings, Battery Charges, Fittings, Large Motors, Etc.
BUILDING NO. 6-1 - (MAINTENANCE STORAGE)-------------------------------
----------------
MAINTENANCE USED STORAGE
1 Lot Heater Units, Cooling Cans, Fans, Tri-Sets, Gears,
Compressors, Motors, Transformers, Idlers, Reducers, Etc.
2 Xxx 0 Xxxxxxxx, Xxxxxx, Xxx Xxxx, Pipe Fixtures
3 Lot Bench Scales, Floor Scales, Heaters, Air Makeup Units,
Large Motors, Etc.
BUILDING NO. 7-2 - (ELECTRIC SHOP) (1342) -----------------------------
----------------
ELECTRIC SHOP
1 Lot Electric Shop w/Motors, Hoists, Stacker, Grinders,
Spare Parts, Tools, Test Equipment
2 Lot Ridgid Power Threader & Enerpac H Frame Press
& Vise
BUILDING NO. 7-1 - (MAINTENANCE, NO. 7 CAL., NO. 3 BAN.) --------------
----------------
PIPE SHOP
1 Lot Pipe Shop - Including Welder, Threader, Pneumatic
& Electric Tools, Vises, Grinders, Pumps, Lockers,
Cabinets, Etc.
MAINTENANCE SHOP
1 1 Xxxxxxx Xxxxx, s/n UM20968 13' x 36, w/Tooling
2 1 Newport Vertical Mill,s/n 79175, 42" P.T. w/6" Machine Vise
3 1 Norton Type C 10 x 36 Surface Grinder, S/N NA
4 1 Xxxxx Xxxxxxx 612 Hand Surface Grinder, S/N NA
5 1 TOS Trencier 17" x 17" Lathe, S/N 64-2-587, 2000 RPM,
Model SN-40
6 1 Hendey 16" x 4' Lathe, S/N 10214
7 1 Do All Vertical Band Saw, S/N 36-63690, Model V-36, 36"
8 1 Dayton U.S. 20" Floor Drill
9 1 Kalamazoo 9AD Horizontal Band Saw, S/N 5031
10 Lot Miscellaneous Machine Tools including Gang
Box w/Hand & Electric Tools, Electrical Hoists
Benches, Vises, Grinders, Cabinets, Tables, Floor Drill, 6'
Sander, Cafeteria, & Office Furniture
CALENDER NO. 7 LINE -------------------------------------------------
1 1 Xxxxxxx 3 Roll 60" x 24" Calender w/125 Horsepower
Motor, Unwind & 2 - 2' Cooling Cans & Trane
15 Ton Water Cooled Refrigeration Compressor
2 2pcs Xxxxx 60" x 22"/20" 2 Roll Mill & 48" x 16" 2 Roll Mill
w/1 - 200 Horsepower Drive
3 1 Hoists, Scale Carts, Tubs, Mixer
BANBURY N0. 3 LINE --------------------------------------------------
1 1 Banbury Size 11 Mixer, Drill Side, Toledo
Batching and Weighing System w/Scale & Recorders
500/250 Horsepower, Slide Door, Thermolator, w/Trane
50 Ton Chiller. Banbury & Motor major renewal 1994
Solid State Starter Controller Upgrade 1996
Upgrade Screw Conveyor Bulk Feed System 1997
2 1 Xxxxxxx 84" x 26"/22" 2 Roll Mill, 200 Horsepower
w/Soap Conveyor
3 1 Royal 3A Extruder Strainer - 10" Screw, Profile Head, w/
Take-A-Way Cut Off Unit. New Teco 150 HP 3 Phase Induction
Motor with Variable Speed AC Drive (1996)
BUILDING NO. 8-1 - (COMPOUND ROOM) (4489) -----------------------------
----------------
1ST FLOOR COMPOUND ROOM
1 Lot Black Rock 30" Hydraulic Cutter, Scales, Con-
veyor, Baler, Tote Bins, Hoists, Etc. In Room
2 1 Trane Refrigeration Compressor, 30 HP, 35 Tons with/
Piping (Ban 3/ Cal 7) - Water Cooled
3 1 Anver Electric Power Vacuum Assist Lift Hoist w/Single
Bridge Crane System
4 1 Filing LTEC 16 Electronic Lift Scale on Crown Fork Truck
BUILDING NO. 8-2 - (LAB) (4489) ---------------------------------------
----------------
LAB - 2ND FLOOR
1 Lot Furniture in Research & Development Office
2 1 H.P. Series II, Model 5890 Gas Chromatograph w/ Printer
BUILDING NO. 8-3 - (LAB) (4489) ---------------------------------------
----------------
LABORATORIES
1 Lot Desks & Chairs, Furniture, Files, Personal Computers, Etc.
2 Lot Xxxxx Tensile Tester, Adhesion Tester, Shear Tester
Shear Tester, Cold Xxxxxxx Xxxxxx
3 1 United Tensile Tester Model UEC2.0-600LN2, serial 109406,
with complete computer system in CT Room (1994).
4 1 Braebender Model PL 2000 Plasticorder w/ Power Supply &
Spare Heads
5 1 Farrel Combination, 12" x 6" 2 Roll Mill & 12" x 6"
3 Roll Calender, Top Cap w/Gas Boiler
6 2 Xxxxxx 12" x 6" 2 Roll Mill, Top Cap, S/N T-2534/1962
7 1 Motor Driven Blender / Xxxxx Xxxxxxx
8 1 Farrel Lab Banbury Model BR - 25HP, With Instrumentations,
S/N A3381, 1959
9 Lot Assorted Testers, Inc. Hot Xxxxxxx Xxxxxx, Electronic
Scales, Lab Benches, Lab Press, Hot Plates, Chemical
Cabinets, Lab Extruder Perfected 1/2, (3) Blue M Ovens, and
(1) Precision Ovens, Cold Test Apparatus.
10 Lot High Voltage Lab, Desks, Files, Drafting Table,
Comparator, Benches, Scope Testers
12 Lot High Voltage Lab Special Built High Voltage Test
Equipment In Room
13 1 HiVoltage Impulse Tester (1996)
BUILDING N0. 9 - (BAN NO. 1, BOILER ROOM) -----------------------------
--------------
BANBURY NO. 1 LINE (5412)--------------------------------------------
1 1 Banbury Mixer No. 1 Size 11 Top Load Bottom Drop
Mixer, 250/500 Horsepower w/Weighing System Conveyor
2 1 Eenco 2 Roll Mill # 1 84" x 26"/20", 200 Horsepower &
Soap Conveyor, Unitized, Direct Couple
3 1 Worthington Refrigeration Compressor 100 Horsepower
100 Ton w/Piping
4 Lot Electric Hoists,Monorail, Floor Scale.
COMPRESSOR ROOM & AIR DISTRIBUTION ----------------------------------
1 1 Worthington 125 Horsepower 2 Stage Air Compressor
w/Piping
2 1 Quincy Q1000 Rotary Air Compressor 200 Horsepower
w/Piping, S/N 00000-0-0000
PLANT PIPING --------------------------------------------------------
BOILER ROOM & POWER DISTRIBUTION ------------------------------------
1 3 Xxxxx Industrial Boilers size 50,000 lbs/hr, Model 5530
2 Lot Plant Cooling Water Supply Pumps - 2 1500 GPM Worthington,
1 2500 Worthington, 1 Ingersol Rand
3 Lot Misc. Pumps, Plant Piping and Distribution
3A 1 Lincoln Welder
FIRE PROTECTION (SEP. BLDG.)----------------------------------------
1 1 2500 GPM Fairbanks Xxxxx Fire Pump
2 1 300 HP Xxxxxxxx Diesel Engine Model NHS 611, S/N 84095
ELECTRICAL DISTRIBUTION ---------------------------------------------
1 Lot Eight (8), 13,800 Volt Transformers, Capacitors,
Switchgear and Overhead Lines
BUILDING NO. 12 - (RUBBER STORAGE) 2-(6636)----------------------------
---------------
FIRST FLOOR STOCK STORAGE (6636)
1 1 Xxxxxxx Denver Electro Saver Model EAQSM-100 Horsepower Air
Cooled Air Comp. & Xxxxx, w/Piping for Coaters, S/N 96231
SECOND FLOOR STORAGE (6636)
Area currently not in use.
BUILDING NO. 13 - FIRST FLOOR -----------------------------------------
---------------
WIP AND MAINTENANCE STORAGE -----------------------------------------
1 2 Tape Decoring Machines
2 1 Lab Mill
3 Lot Miscellaneous Coater Application Parts
4 Lot 72" and 80" 24" Diameter Cooling Drums
5 1 Vinyl Master Roll Cutter (B12)
6 1 Cumberland 100 Horsepower Granulator, Size 20 (B12)
7 1 Reverse Roll Coater 60" No. 5 (B5) Being Rebuilt for No. 4
8 Lot Mill Reducers, 250 HP Motors & Controls (B12)
BUILDING NO. 13 SECOND FLOOR (15484) (MAINTENANCE STORAGE)-------------
1 Lot 3 Curing Ovens 25'x32'x 12' Not In Use - No Value
2 1 No. 10 Xxxxxxx 48" Surface Windup Machine (from Bldg 24)
3 2 Appleton D42SH105 Auto Cut-off Lathes (No. 9 & 10)
4 2 Lever 500 Auto Cut-off Lathes (No. 3 & No. 4)
5 1 Xxxx Xxxx Model TWS Serial N8931 Multi-Packer w/ Shrink
Wrap, Tub, & Carton Sealer
6 1 Set of Kneader Rotors
7 1 Portable Air Compressor
0 Xxx Xxxxxx, Motors, Reducers
9 Lot Idlers, Conveyors, Lights, Sand Blasters
10 1 Star Burst Knotching Machine w/ Dies (Bldg. 25)
11 1 No. 4 Wrap King (Bldg. 25)
BUILDING NO. 15 - (MAIN OFFICE, BALLET) -------------------------------
---------------
FIRST FLOOR
Rental "Boston Ballet"
1 1 Tape Annealing Oven 30' x 20' x 10' (Soling)
SECOND FLOOR (MAIN OFFICE)
1 Lot Partitions, Metal & Wood Desks, 4-Drawer and 2-
Drawer Files. Lateral Files, Tables, Typewriters,
Calculators, Bookcases, Chairs, Furnishings, Lamps,
Copiers, Crendenza, Shelving, Safes, Fax Machines, etc.
2 Lot Computers: Pentum (36), 486 (39), 386 (17), Notebook (13),
Printers: Lazer (30), Dot Matrix (21), Ink Jets (28),
3 1 Xxxxxxxxx-Xxxxxxxx, Model 5008 Duplicator
4 1 Iteck 615E Platemaker, Model 200900A001, S/N 789
5 1 Challenge & Price 26" Paper Cutter, Screw Type
6 1 Challenge JO Paper Drill
GUARD HOUSE / CLINIC (SEP. BLDG.) -----------------------------------
1 Lot Time Clocks, Racks, Furniture etc.
BUILDING NO. 16-1 - (BALLET STORAGE) ----------------------------------
-----------------
1 1 6' x 8' Scissor Lift In Floor
BUILDING NO. 16-2 - (BALLET STORAGE) ----------------------------------
-----------------
BALLET STORAGE - 2ND FLOOR
BUILDING NO. 16-3 - (OFFICES & OFFICE SUPPLIES) (7920)----------------
-----------------
BUILDING NO. 17-1 - (HAND PACK LOGS) ----------------------------------
-----------------
1 1 Brookfield Model MB8 TC 500 Viscometer (1993) w/Printer,
S/N 92BML07250-3
2 1 Hand Lathe For Samples
3 1 Carrier Liquid Chiller for Top Coater System
Model 30HRO40, s/n D148872, 30 Ton w/Piping
4 1 HAKO Minute Man Model 800 Floor Sweeper (Bldg. 18, 19)
BUILDING NO. 18-1 - (GRANULATORS - MIXING) FIRST FLOOR ----------------
-----------------
GRANULATOR AREA -----------------------------------------------------
1 1 Cumberland Pelletizer No. 8, 8", S/N 64050-7112
2 1 Toledo Dial Face in Floor Platform Scale
4 1 Xxxxxxx Slab Guillotine (From Cal. N0.1)
MIXING ROOM ---------------------------------------------------------
2 2 Petzholdt Adhesive Stainless Steel Mixer, 7' x 2 1/2'
Jacketed, Approx. 50 Horsepower w/Pump 600 Gallon,
Hemispherical, Bottom Drive (one Completely
Rebuilt in 1993 from B-13)
3 1 Silverson Adhesive Mixer, 175 Gallon, Small Unit For Primer
4 Lot Floor Scale, Small Pumps, Meters, Incline Conveyors,
Small Mixers, Pneumatic Cut-off Etc. In Room
5 Lot Two Programmable Batch Pumping Systems For Solvents
6 1 1000 Gallon Steel Storage Tank w/ Mixer & Pump
7 1 1700 Gallon Steel Storage Tank w/Mixer & Pump
8 2 5000 Gallon Steel Storage Tank w/Mixer & Pumps
9 Lot Nitrogen Blanket Protection System for Adhesive Mixers (199
STORAGE 2ND FLOOR (9933)--------------------------------------------
Area not in use (contains cyclone - Blackfriars Granulator)
1 Lot Used Office Equipment, Records Storage.
BUILDING NO. 19 - (TOPCOATERS) ----------------------------------------
---------------
TOPCOATERS
1 Lot Horizontal Steel Pin Racks For Bars (290)
2 Lot Vericle Pin Racks For Bars (32)
3 Lot Desks, Chairs, Files, Cabinets, Bookcases, Personal
Computers, Etc. (Mezzanine Office Area)
4 Lot No.5 Tape Coating Line Rebuilt in 1996 Consisting of:
1 Motor Driven Dual Unwind Stand 60"
2 Total Enclosed View Area Containing a Flash Oven with
3 A Base Coater Station & Interchangeable Printing Station
4 & a Permanent Reverse Roll Coating Station
5 Five Zone 100'x6' Total Enclosed Heating Oven
6 Tempering Drum
7 Log Windup w/edge guiding
8 Master Roll Guided Windup - Removable
9 Complete Display Control Panel and Drives
10 Remote Drum Pumping Station w/CO2 Fire Protection (1997)
5 Lot No.7 Tape Coating Line Rebuilt in 1995 Consisting of:
1 Motor Driven Dual Unwind Stand 60"
2 Total Enclosed View Area Containing an Advantz Guaging Unit
A Base Coater Station w/Flash Oven, & Reverse Roll Coating
Station
3 Five Zone 100'x6' Total Enclosed Heating Oven
4 Tempering Drum
5 Advantz Guage Unit
6 Log Windup
7 Complete Display Control Panel and Drives
6 Lot No.4 Tape Coating Line Consisting of:
1 Motor Driven Dual Unwind Stand 60"
2 Flash oven (Installed 1997)
3 Primer Station
4 oven 100'x6'x1'
5 Tempered heating Drum
6 New Modern DC Drives And Controls 1991
7 Lot No.6 Tape Coating Line Rebuilt in 1994 Consisting of:
1 Motor Driven Dual Unwind Stand 60"
2 Total Enclosed View Area Containing an Advantz Guaging Unit
A Base Coater Station w/Flash Oven and A
3 Five Zone 100'x6' Total Enclosed Heating Oven
4 Tempering Drum
5 Advantz Guage Unit
6 Log Windup
7 Complete Display Control Panel and Drives
8 3 Three Process Heat Annealing Ovens 10'x32'x15' (1 in '94)
9 Lot Hand Trucks, Pumps, Jib Crane, Electric Hoists
10 Lot Print Rolls, Engraved Rolls in Racks and Storage
11 1 Gas Fired Catalytic Oxidizer Incineration for all Coaters
12 1 Thermo Environmental Instruments, Inc. Model 51 Continuous
Total HydroCarbon Analyzer/w printer
BUILDING NO. 20-1 - (STORAGE) 12580 SQ. FT ----------------------------
-----------------
Work-in-process Bar Storage
BUILDING NO. 20-2 - (MAINTENANCE & LAB) -------------------------------
-----------------
1 2 Lab Type Xxxxx, One Converted To Closed Loop Hot Oil "96
2 Lot Mixer, Fibre Tank, Hoist, Pump
3 1 Xxxxxxx Centrifical Oil Seperator
4 1 Xxxxxxx Denver Electro Saver Model EAQSMB-100 H.P. Air Cool
Comp. & Xxxxx, w/Piping for Coaters, S/N 782881, Upgrade 19
Not is use for current manufacturing
BUILDING NO. 20-3, 20-4 - (HYDROTHERM, LAB) ---------------------------
-----------------------
HYDROTHERM ROOM -----------------------------------------------------
PLASTIC LAB - 2 FLOORS ----------------------------------------------
1 Lot Ovens, Humid Chamber, Lab Benches, Scales, ACS Spectro-
Sensor Color System w/PC, Furniture, Etc. (3 Blue M, 1 Prec
Furniture, etc.
2 1 Xxxxxxx Xxxxx 1600 Series FTIR Infra Red Spectrophotometer
w/ Plotter, S/N 188499
BUILDING NO. 21 - (WAREHOUSE) -----------------------------------------
---------------
1A 1 Lantech Wrapper
2 Lot Warehouse Consisting of 348 Section Channel Type Steel
Pallet Shelving
3 Lot 4 Sections A Frame Roll Racks w/48 Embossing Rolls
and Traveling Hoist For Calender 10.
4 Lot Dry Vinyl Barring Line w/60" dual station Master Roll Unwin
Load Cell w/Air Brake Control Letoff, Pull Station, Hot Dru
Thermolator, Budzar Chiller, and Guided Bar Windup Station
5 1 Precision Quincy Gas Fired Hot Air Annealing Oven.
6 2 Auto-Equip Verticle Pin Rack Tilters. (1- For Barring Unit/
BUILDING N0. 22 - (Q.A. LAB & STORAGE) (10,000 SQ. FT.)----------------
---------------
QUALITY CONTROL LAB.
1 Lot USM Clicker w/ Cutting Dies, Magnified Light Inspection
Units, Precision Oven, Furniture in Lab
2 1 Tech Pro Moving Die Rheometer (1996)
3 1 Monsanto Rheometer, Model TM100, S/N 2654, W/Recorder
4 1 Packard Unwind Tester w/Computer
5 1 Model SRI Xxxxxx Viscometer w/Load Cells & Accutest Strip
Chart Recorder and Digital Display
6 Lot Xxxxx Tensile Tester, Instron Pull Tester Upgrade 1994,
Scales, Xxxxxx Tester, 2 Dielectric Testers, Adhesion Test.
7 1 High Speed Unwind Tester XXX 1000 (1995)
8 1 Blue M Electric Oven size 336 (Telescoping Test) (1993),
S/N 33X-103-93, 343Degree C/650 Degree F, New.
9 Lot Precison oven (2), Blue M Ovens (2)
Balance of Room Manufacturing Storage
BUILDING NO. 24 - (REWIND) (20,000 SQ. FT.)----------------------------
---------------
1 1 Process Heating Co., Model 1906, 1.5 MM BTU w/Recorder,
Steam Heated Recirculating Oven for Rubber Products, Size
20' x 50' (1993)
2 1 4' Motor Driven Core Cutter (For Friction Tape Rebuilt
In 1989)
3 1 4' Multi Knife Slitter (For Friction Tape Rebuilt 1989)
4 1 Liner Rewind Machine with Monorail (1990)
5 1 No. 9 - 42" Center Windup Multi Knife Slitter w/Dodge
Unwind (Barring)
7 1 No. 7- 60" Surface Windup Machine (Barring)
8 1 60" Rewind & Inspect Machine w/Drive
9 1 No. 5- 60" Duplex Slitter w/Rewind & Control w/printer(96)
11 1 Special Built Abrasion Protector Pad Rewind Machine
Built in House (1993)(1995) w/SoCo Case Sealer
12 1 18" Motor Driven Pad Cut-off
13 2 Special Built Rewinders
14 1 Table Top Cut Roll Rewinder
15 Lot Electric Hoists, Curing Drums. Roll Carriages etc.
16 4 Assorted Toledo & Fairbanks Platform Scales
17 1 Electronic Floor Scale (1994)
18 1 Plymouth Design 1994 Liner Retrieval Equipment w/
Edge-guided M.R. Brake Control Letoff, Liner Windup,
Separator Letoff, 2 Roll Facing Station, Tempered Drums,
Xxxxxx Tension Control Windup, Three Zone Area Thermolators
Hot Oil Heating System 1996. Increased HP. , Hydraulic Gap
Increase Embossing Roll Drives, Gears, Sprockets, w/Electri
Remote Display Control Unit (1997)
BUILDING NO. 25-1, 25-2 - (TAPE PACKAGING & KIT ROOM) -----------------
-----------------------
FIRST FLOOR - CUT AND PACK ROOM -------------------------------------
1 1 No.14 Lathe Cevenini Model ES9 Automatic Single Log Slitter
New 1993 S/N NA.
2 1 No. 1 Xxxxxxxx Model S-3CL L Sealer w/Model T6XL Shrink
Tunnel & Conveyor
6 1 Autobagger Automasted Packaging Systems, Model H-15
7 Lot Xxxxxxxx Auto L Sealer Model, A-26A S/N A9114 (1991),
Xxxxxxxx Shrink Tunnel Model F6XL, Label-Aire Model 2111M
(1991), Tub & Carton Sealer
8 1 No. 3 C & K Wrap King Wrapper, s/n 3373, w/Belts,
Model DW-2S, S/N 3373 w/ Carton Sealer
12 1 Syntron PFM-152-10 Feeder, w/Syntron BE-6-12 Belt Elevator,
Conveyor, Vibratory Bowl Feeder
13 1 Model 1601A Weldotron Combo Wrapper, Sealer, Shrink Tunnel,
Autolabe labeler, Model 110RH, and Conveyor & Carton Sealer
16 1 No. 1 Turret Lathe Cevenini ET8B 4 Station Auto Lathe
S/N 022888ET8 w/ Conveyor (5/16/89), Bemistaper
Carton Sealer
17 1 Crystal Pack w/Conveyor & Carton Sealer
18 Lot No. 2 Turet Lathe Cevenini ET8A 4 Station Auto Lathe (1991)
S/N 02358-88-ET8 w/ Rotary Index Feeder, Conveyor,
No. 2 Wrap King, Label-Aire Labeler, Carton Sealer,
Conveyors, Model S-3CL-L Sealer, T-6XL Shrink Tunnel
18 1 No. 1 C&K DW 2 Wrap King w/ Friction Roll Breaker,
Conveyor, Carton Sealer & Xxxxxxx Label Jet 2300 for Fric.
19 2 Lever 500 Auto Cut-off Lathes (No. 7 & 8)
20 2 Lever 500 Auto Cut-off Lathes (No. 5 & 6)
20A 1 1 Pin Rack Hydraulic Lift Table
21 Lot 1 Semi Automatic Slitter, Two (2) Hand Lathe Tape Slitters
22 Lot Centralized Conveyor System For All Lines (inc. B21)
24 1 HAKO Minute Man Model 800 Floor Sweeper (Bldg. 24, 25, 27)
25 1 HAKO Minute Man Model 320 Floor Scrubber (Bldg. 24, 25, 27)
26 Lot Hanikson Compressed Air Drier, Miscellaneous Tanks, Tables,
26A Lot Misc Tanks and Tables
27 Lot Office w/Furniture on Mezzanine
SECOND FLOOR KIT ROOM - PACKAGING STORAGE ---------------------------
1 Lot Big Xxx Xxxxxxx, Handling Equipment, Shelving, Tape
Shooters, Strap Truck, Fans Factory Carts, Scale,
Etc. On Floor
BUILDING NO. 26 - BAR STORAGE & PLASTIC OFFICES -----------------------
-----------------
FIRST FLOOR WIP BAR STORAGE
SECOND FLOOR OFFICES ------------------------------------------------
1 Lot Furniture in Plastic Office, Desks, Chairs, Files, etc.
BUILDING NO. 28 - (CAL. 8, 10, & 11) ----------------------------------
-----------------
1 Lot Young Bag Dumping, w/Screen, Hoppers, Blowers,
Scales, Etc. for Lines 5 + 8 + 10
CALENDER NO. 8 LINE -------------------------------------------------
1 1 Young Feed Xxxxxx
2 1 Ribbon Single Screw Pre-Blender w/Scales
3 1 Young Ribbon Holding Blender w/Scales
4 1 Farrel 11 Slide Banbury Mixer 500/250 Horsepower
& Conveyor.
5 1 Xxxxxxx 82"x24" /20" 2 Roll Feed Mill w/Conveyor
& Metal Detector, Xxxxx Reducer
6 1 Royle 8 1/2 Extruder/Strainer 125 Horsepower, S/N
4641, w/Conveyor
7 1 Xxxxxxx 84"x26"/20" 2 Roll Mill Pad Mounted Unitized w/Con
Detector & Reducer & Wig Wag Feed
8 1 Xxxxxxx 68"x24" Inverted L 4 roll Calender w/Crossing,
S/N 49092, 125 H.P. Upgrade/w 4 Quad DC Controller 1996,
Dynamic Braking Added (1997)
9 1 Dual Roll Let Off
10 1 Automatic Screw Driven Trim Knives
11 2 Trim Return Units w/Conveyor Belt Feed Upgrade (1997)
12 1 Facing Station w/Thermolator Temperature & Pressure Control
13 1 3 Can 72"x24" Cooling Section w/Chiller
15 1 Revised Dust Box with improved controls 12/97
16 1 Accumulator
17 1 Trim Section
17A 1 New Xxxxxx Dual Station Windup (1992) w/Monorail and
Scale Weighing Unit. Improved Tension Control 1/98
18 1 Carrier Chilling System for Calender No. 8 Model VE50
19 3 Video Display Monitors
20 1 3 Tension Control Air Brake w/Manual Alignment Guide At
Cal. Windup For Letoff Control Of Separator & Paper Insert
20A 1 Hot Oil Boiler and Pumps For Heating in Bldg 20
CALENDER ROOM
1 1 Xxxxxxx 30" Hydraulic Guillotine
2 Lot Scales, Dust Collector, Palletainers, Trucks
Electric Hoists, Roll Dollies, Monorail System,
24 " and 36" Curing Drums - 15 New Drum/Carriage (1996)
CALENDER NO. 11 LINE FEED SYSTEM------------------------------------
2 1 Young Feed Xxxxxx w/weigh Scale
3 1 Single Ribbon Preblender w/Xxxxxx - 5000 lb. Capacity
4 1 Ribbon Holding Blender w/ Scale - 5000 lb. Capacity
5 1 Farrel 11 Slide Banbury w/Scales 500/250 HP, w/Conveyor to
CALENDER NO. 10 LINE (INCLUDES COMPOUNDING ROOMS) -------------------
1 2 Young Pneumatic Feed Hoppers w/Tanks & Weigh Scales, Load
Cells on Blow Tanks in 1997
2 2 Ribbon Pre-blenders, Single Screw 3000 lb Capacity
w/Hoppers
3 2 Young Ribbon Holding Blenders 15 Horsepower w/175
lb Weigh Scales
4 2 Farrel #3D Banbury Mixers, w/Bucket Elevators &
Conveyors 300 Horsepower, Remote Auto Feed 1997
5 2 Xxxxxxx 60"x22"/20" 2 Roll Xxxxx, 100 Horsepower, s/n
10594, Unitized (Xxxxxx, Unknown Mfg.)
6 1 Royle 3A Extruder/Strainer, s/n 4659, 3 1/2 (Improve '95)
7 Lot Conveyors & Metal Detectors plus Non Ferros Detector (93)
8 1 Xxxxxxx 60" 20" 2 Roll Mill, S/N 714
9 Lot Conveyor Oscillating Wig Wag Feed
10 1 Farrel F Type 82"x28" 4 Roll Calender w/Cross
Axis #3 Roll, Roll Bending #4 Roll, Hot Oil Rolls
11 1 Xxxxx Stripper Section
12 1 Embossing Roll
13 1 Xxxxx Relaxer
14 1 Trim Section, Xxxxx
15 1 LFE Profit Master 5001 Film Guage Control Unit
16 1 Xxxxx 82"x24" 6 Can Cooling Section w/ Spiral Wound Coolin
17 1 G.E. Calender Speed Variator - Control
18 1 Xxxxx Trim Section, w/Cold Trim Return To Mill 1997
19 1 Xxxxx Fly Knife Turret Wind-up 84"x24"
20 1 American HydroTherm Hot Oil System (Pumps on Floor, Boiler
21 1 York 75 Horsepower Chiller, (Double End Tandem)
23 1 Semi Automatic Mandrel Remover 1997
24 Lot Electric Switch Gear & Controls & Printers
BUILDING NO. 29 - (CALENDER CHILLERS & SILICONE ROOMS) ----------------
-----------------
XXXXXXXX XXXXXXXX----------------------------------------------------
SILICONE ROOM -------------------------------------------------------
1 1 Xxxxxxx 2 Roll Mill 36" x 16" w/Vari Drive, 60
Horsepower Unitized
2 1 Silicone 24 " Xxxx Mixer S/N 6 (8/90)
3 Lot Scales,Xxxxxxx Bench Guillotine Cutter in Room
4 1 Xxxxxx Xxxxxx Chiller Model CD-10-AHP
5 Lot Silicone Extrusion Line Consisting of Royal Vent
Type Extruder, Marker, Conveyor Oven, Tension Stand,
Cooling Conveyor & Wind-up
6 1 Westinghouse 10 Horsepower Tank Mounted Air Compressor
w/Piping (For Silicone Unit)
BUILDING NO. 30 - (CAL. 1, KNEADER, MASTIC, SOLVENT RECOVERY) ---------
---------------
CALENDER NO. 1 LINE -------------------------------------------------
1 1 Electric Stacker
2 1 Banbury 4A Slide Door 300/150 Horsepower w/Conveyor
3 1 Xxxxx 60"x22"x20" 2 Roll Mill, 150 Horsepower
4 1 Farrel 60"x22"x20" 2 Roll mill w/Blender, Bull Gear
w/Feed Conveyor
5 1 Motor Driven Auto Guide Unwind 60"
6 1 Birmingham 3 Roll Calender 66"x22" w/Hydraulic
Pressure Roll
7 1 60" Embossing Station
8 1 4-60" Cooling Can Section w/Acme Chiller
9 1 Dust Box w/Brushes
10 1 Accumulator
11 1 Dual Wind-up
12 Lot Hoists, Dollies, Furniture, Scales, Air Compressor
13 1 Xxxxxxx 60"x20" 2 Roll Mill, 100 Horsepower (not in Service
KNEADER -------------------------------------------------------------
1 1 Amp Top Loader Kneader/Mixer, s/n 11742, 50 HP with
Conveyor.
2 1 Xxxxxxx 30" Hydraulic Slab Chopper
3 Lot Scales, Drum Lifter, Monorail System, Storage Trays
4 Lot Leaf Trucks For Kneader/Mastics (7) (1996)
5 1 Filling LTEC 16 Lift Truck Scale (1996)
MASTIC --------------------------------------------------------------
3 1 USM #8 Hydraulic Clicker
4 Lot Molds For Arc Proof Boot & Crotch At Supplier (1997)
SOLVENT RECOVERY CONTROLS -------------------------------------------
1 1 G.D. 50 Horsepower Electric Screw Rotary Air Compressor
w/Air Drier, w/Piping
2 1 Solvent Recovery System (Outside) consisting of Heat
Exchanger, 3 Stainless Steel Tanks, Condensor, & Inside
Controls for Top Coating System, Activated Carbon Bed,
Replace w/Higher Capacity Condenser & Decanter 1997
3 1 Xxxxxxxx-VOC Hydrocarbon Analyzer Monitoring System
w/Computer Located in Bldg. 26-2
4 1 Modified Solvent Recovery Deaerator System For Solvent
Recovery (1992)
BUILDING NO. 31, 32 - (RAW MATERIAL STORAGE) --------------------------
-------------------
1 Lot 174 Sections Pallet Storage Type Shelving
in Warehouse
2 Lot Floor Scale, Office Furniture, Material
Handling Equipment etc.
BUILDING NO. 33, 34, 35 - (FINISH GOODS, SHIPPING) --------------------
-----------------------
CENTRAL SHIPPING
2 Lot Office Furniture in Shipping & Prod. Control Offices, Floor
Scales, Labeling Equipment in Separate Room.
2A 1 Mima Auto Wrapper
3 Lot Approximately 310 Sections of assorted adjustable Pallet
Shelving
4 2 Industrial 24'x33'x11' Heat Curing Ovens (For Cold Storage)
5 Lot American Modified 100 Ft. x 25 Ft. Electrified Double Track
Monorail System w/Trans-Beam Electric Hoist for Batteries
6 1 Tennant Scrubber 320 Floor Sweeper S/N 10482
7 1 HAKO Minute Man Model 800 Floor Sweeper
8 1 KAKO Minute Man Model 320 Floor Scrubber
BUILDING NO. 47 - (PLANT GENERAL - NOT A BUILDING) --------------------
---------------
YARD (SIL0S) --------------------------------------------------------
1 5 180,000 lb. Steel Silo Outside & Railroad off
Loading, Pumps, Blowers, Piping, Etc.
2 3 180,000 lb. Steel Silos, Pumping, Etc. (Upgrade 1995)
LIQUID STORAGE TANKS ------------------------------------------------
1 1 6,000 gal. Above Ground Tank Area Bldg. 6
2 3 10,000 gal Above Ground Tanks Area Bldg. 25
3 3 6,000 gal. Above Ground Tanks Area Bldg. 31
4 3 10,000 gal. Above Ground Solvent Recovery Tanks
MATERIAL HANDLING
1 2 Xxxxxx Systems -------------------------------------------
2 Lot Leased Fork and Pallet Trucks Revised 1995 ----------------
MISCELLANEOUS (BLDGS, FENCE, DAM)
1 Lot Misc. Sheds, Tank Farm, Pump Houses Etc.-------------------
2 Lot Fences-----------------------------------------------------
3 1 Reservoir Dam----------------------------------------------
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************TOTAL LEASED *********************************************
------------
