British Columbia · Receivership (court-appointed)
First Report of the Receiver
Court officer report · 9 June 2026
What we verified from this filing5 verified
- financial positionnote: Two differing as-at dates combined into a single reported total; 'Investment in PFR Autogroup Inc.' listed as 'Unknown' and not included in the totals · page: 7 · as at: April 24, 2026 (Black Bandit, Evo Tunes, KPD) / December 31, 2025 (347, Evo Industrial, Heavin) · basis: unaudited financial information, books and records prepared by the Debtors; the Receiver has not audited or otherwise verified the Information · scope: Combined entity-level totals for Black Bandit Industries Inc., Evo Tunes Inc., KPD Auto Group Ltd. (as of April 24, 2026) and 1318347 B.C. Ltd., Evo Industrial Ltd., Heavin Holdings Inc. (as of December 31, 2025) · currency: CAD · total assets: 51550803 · total liabilities: 33737271
- secured creditorsnote: Per BDC's petition; plus accruing costs of $3,765.29 per diem · page: 10 · as of: 2025-10-09 · amount: 22138639 · debtor: 1318347 B.C. Ltd. ("347") · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: mortgage over Surrey Commercial Property owned by 347
- secured creditorsnote: Per BDC's petition; plus accruing costs of $1,184.74 per diem · page: 10 · as of: 2025-10-09 · amount: 6849006 · debtor: Evo Industrial Ltd. · creditor: Business Development Bank of Canada (BDC) · currency: CAD
- secured creditorsnote: Heavin's own books reported long-term debt of approximately $2.7 million (prose approximation); BNS confirmed $1.16 million currently due as of the Receivership Order date, used as the more precise dated figure · page: 10 · as of: Receivership Order date (2026-04-24) · amount: 1160000 · debtor: Heavin Holdings Inc. · creditor: Bank of Nova Scotia (BNS) · currency: CAD · security: mortgage over Vancouver Condo (3902-1151 West Georgia Street, Vancouver)
- secured creditorsnote: Two components not summed per source: outstanding balance on tube bender ~$512,221 and on pipe forming/expanding machine ~$127,900, both as at April 24, 2026 · page: 10 · as of: 2026-04-24 · debtor: Evo Tunes Inc. · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: PPSA equipment financiers (PMSI class): tube bender machine (original equipment cost ~$967,956) and pipe forming/expanding machine (original equipment cost ~$231,361)