Ontario · Interim receivership

Form 78 - Statement of Affairs

Statement of affairs · 16 February 2010

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financial positionnote: Total liabilities comprise total unsecured creditors $9,347,062.80, secured creditors per List B $9,895.00, preferred creditors per List C $1.00, and contingent/other liabilities per List D $2,131,827.00; deficiency of $11,478,890.80 reported; surplus NIL · page: 1 · as at: 2010-02-10 · basis: Statement of Affairs (Business Bankruptcy), Form 78, as stated and estimated by the officer · scope: entity - 1585396 Ontario Inc. o/a AAA Trading Co. · currency: CAD · total assets: 9895 · total liabilities: 11488785.8
unsecured creditorspage: 2 · as of: 2010-02-10 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 1 · debtor: 1585396 Ontario Inc. o/a AAA Trading Co. · creditor: AM Ivory Const (Attn: Abhijit Mitra) · currency: CAD
unsecured creditorspage: 2 · as of: 2010-02-10 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 1 · debtor: 1585396 Ontario Inc. o/a AAA Trading Co. · creditor: Anil Shah (Attn: Anil Shah) · currency: CAD
unsecured creditorspage: 2 · as of: 2010-02-10 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 1 · debtor: 1585396 Ontario Inc. o/a AAA Trading Co. · creditor: Anurag, India (Attn: Anurag Garg) · currency: CAD
unsecured creditorspage: 2 · as of: 2010-02-10 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 1 · debtor: 1585396 Ontario Inc. o/a AAA Trading Co. · creditor: Bipin Jha, Singapore · currency: CAD
unsecured creditorspage: 2 · as of: 2010-02-10 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 1 · debtor: 1585396 Ontario Inc. o/a AAA Trading Co. · creditor: DV Shah, Nigeria (Attn: DV Shah) · currency: CAD
unsecured creditorspage: 2 · as of: 2010-02-10 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 322955 · debtor: 1585396 Ontario Inc. o/a AAA Trading Co. · creditor: Export Development Canada (EDC) · currency: CAD
unsecured creditorspage: 2 · as of: 2010-02-10 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 1 · debtor: 1585396 Ontario Inc. o/a AAA Trading Co. · creditor: Jai Kishan Poddar (Attn: JKP) · currency: CAD
unsecured creditorspage: 2 · as of: 2010-02-10 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 1 · debtor: 1585396 Ontario Inc. o/a AAA Trading Co. · creditor: Jitu Bhai · currency: CAD
unsecured creditorspage: 2 · as of: 2010-02-10 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 1 · debtor: 1585396 Ontario Inc. o/a AAA Trading Co. · creditor: Madhab (Attn: Madhab Chatterjee) · currency: CAD
unsecured creditorspage: 2 · as of: 2010-02-10 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 1 · debtor: 1585396 Ontario Inc. o/a AAA Trading Co. · creditor: Navab Uddeen (Attn: Navab) · currency: CAD
unsecured creditorsnote: Balance of claim unsecured portion of secured debt reported on List B (secured claim $8,325,776.80) · page: 2 · as of: 2010-02-10 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 8315881.8 · debtor: 1585396 Ontario Inc. o/a AAA Trading Co. · creditor: State Bank of India · currency: CAD
unsecured creditorspage: 2 · as of: 2010-02-10 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 1 · debtor: 1585396 Ontario Inc. o/a AAA Trading Co. · creditor: Sukdev Saha (Attn: Sukdeb) · currency: CAD
unsecured creditorsnote: Balance of claim unsecured portion of secured debt reported on List B (secured claim $40,001.00) · page: 2 · as of: 2010-02-10 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 40001 · debtor: 1585396 Ontario Inc. o/a AAA Trading Co. · creditor: Toyota Credit Canada Inc. · currency: CAD
unsecured creditorsnote: Creditor identity unstated ('Unknown') per the document · page: 2 · as of: 2010-02-10 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 668212 · debtor: 1585396 Ontario Inc. o/a AAA Trading Co. · creditor: Unknown · currency: CAD
unsecured creditorspage: 2 · as of: 2010-02-10 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 1 · debtor: 1585396 Ontario Inc. o/a AAA Trading Co. · creditor: Pankaj Saha · currency: CAD
unsecured creditorspage: 2 · as of: 2010-02-10 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 1 · debtor: 1585396 Ontario Inc. o/a AAA Trading Co. · creditor: Pramlim (Attn: Innocent) · currency: CAD
unsecured creditorspage: 2 · as of: 2010-02-10 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 1 · debtor: 1585396 Ontario Inc. o/a AAA Trading Co. · creditor: Satya Narain · currency: CAD
secured creditorsnote: Balance of claim unsecured $8,315,881.80 per List B; estimated value of security largely nil/negligible ($9,894 cash on hand, $1.00 machinery) · page: 3 · as of: 2010-02-10 · amount: 8325776.8 · debtor: 1585396 Ontario Inc. o/a AAA Trading Co. · creditor: State Bank of India · currency: CAD · security: Debts Due - Business - Accounts Receivable - Various; Debts Due - Business - CRA - Various; Debts Due - Business - Supplier Advances - Various; Cash on hand; Business Assets - Stock in Trade; Business Assets - Machinery - Computer Property
secured creditorsnote: Balance of claim unsecured $40,001.00 (security value estimated at $0.00) · page: 3 · as of: 2010-02-10 · amount: 40001 · debtor: 1585396 Ontario Inc. o/a AAA Trading Co. · creditor: Toyota Credit Canada Inc. · currency: CAD · security: Motor Vehicles - Automobile - Toyota
unsecured creditorsnote: preferred claim; period accrued and amount payable in full unstated ('Unknown') · page: 4 · as of: 2010-02-10 · basis: Statement of Affairs, List C - Preferred Creditors for Wages, Rent, etc. · amount: 1 · debtor: 1585396 Ontario Inc. o/a AAA Trading Co. · creditor: Employee Claims · currency: CAD
unsecured creditorsnote: related party (shareholders); contingent/other liability, amount expected to rank for dividend is $0.00 · page: 5 · as of: 2010-02-10 · basis: Statement of Affairs, List D - Contingent or Other Liabilities · amount: 2131827 · debtor: 1585396 Ontario Inc. o/a AAA Trading Co. · creditor: Anupama Bhowmic, Tapali Bhowmic, Abir Bhowmic (Common Shareholders of AAA Trading Co.) · currency: CAD