Ontario · Proposal
Trustee's First Report
Court officer report · 3 September 2025
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing6 verified
- cash on handnote: Opening Cash per the forecast is described as available cash as of August 14, 2025. The report separately states the Company had approximately $36,000 available under its credit facility on the Filing Date. The Cash Flow Forecast projects a closing cash balance of $7,857, which is a forecast rather than a position. · as at: 2025-08-14 · amount: 36199 · currency: CAD · qualifier: opening cash balance per the Cash Flow Forecast
- financial positionnote: Total assets of approximately $8,295,000 comprise accounts receivable $1,825,000, inventory $4,382,000, capital assets $1,718,000 and other assets $370,000; the report states the majority of accounts receivable are uncollectable. Total liabilities are stated as approximately $7.6 million. Separately, creditors listed at the NOI Filing Date total approximately $2.9 million other than RBC, which is owed approximately $4.5 million. · as at: 2025-06-30 · basis: Book value per unaudited financial information prepared by the Company's representatives; not audited or verified by the Proposal Trustee · scope: Onyxa Canada Inc. (single entity; not consolidated with Onyxa Holding Group Inc.) · currency: CAD · total assets: 8295000 · total liabilities: 7600000
- operational summaryThe Company continues to operate as an importer and wholesaler of porcelain slabs and tiles with about 7 employees under the NOI stay. It is vacating its Concord warehouse effective September 30, 2025. It is seeking a 45-day extension to file a proposal while pursuing a sale or refinancing of the related-company property and a possible investment.
- professional feesnote: This is a forecast cash outflow, not fees actually incurred to date. The report does not state whether it excludes HST. · party: Company's legal fees, Trustee's fees and Trustee's counsel fees combined · amount: 105000 · period: August 14, 2025 to November 7, 2025 (Forecast Period) · currency: CAD
- report date3 September 2025
- report noFirst Report