Ontario · Receivership (court-appointed)
245-latinamerican foods inc.pdf
Notice of receiver (s. 245 / Form 87) · 26 July 2013
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 filing32 verified
- financial positionnote: Total assets computed by summing stated components (Accounts receivable 3,132,022.32 + Inventory 3,631,289.03 + Other assets 62,516.77) as document does not itself state a total; liabilities not stated in aggregate - secured claims listed individually and unsecured claims total $631,274.60 per Schedule A, but no combined total liabilities figure given · page: 1 · as at: 2013-07-18 · basis: Approximate net book value as stated in Notice of Receiver · scope: Latinamerican Foods Inc. dba TIFCO, entity level · currency: CAD · total assets: 6825828.12
- secured creditorsnote: Additional USD-denominated balance owed to same secured creditor alongside CAD balance; guarantee and postponement of claim from 1311670 Ontario Limited · page: 2 · as of: 2013-07-18 · amount: 1993253.52 · debtor: Latinamerican Foods Inc. dba TIFCO · creditor: Royal Bank of Canada (RBC) · currency: USD · security: General Security Agreement (GSA) dated May 21, 2010 and other security agreements
- secured creditorsnote: Amount and security both stated as 'Unknown' in the notice · page: 2 · as of: 2013-07-18 · debtor: Latinamerican Foods Inc. dba TIFCO · creditor: Maria Massalin · currency: CAD · security: Unknown
- secured creditorsnote: Also owed 1,993,253.52 USD as at same date (separate currency amount, see additional entry); guarantee and postponement of claim from 1311670 Ontario Limited (related party postponement) · page: 2 · as of: 2013-07-18 · amount: 3054333.41 · debtor: Latinamerican Foods Inc. dba TIFCO · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: General Security Agreement (GSA) dated May 21, 2010 and other security agreements
- unsecured creditorspage: 3 · as of: 2013-07-18 · basis: Schedule A - list of other creditors as at July 18, 2013 · amount: 4003.5 · debtor: Latinamerican Foods Inc. dba TIFCO · creditor: All Foods Inc. · currency: USD
- unsecured creditorspage: 3 · as of: 2013-07-18 · basis: Schedule A - list of other creditors as at July 18, 2013 · amount: 830.64 · debtor: Latinamerican Foods Inc. dba TIFCO · creditor: ARA Food Corp. · currency: USD
- unsecured creditorspage: 3 · as of: 2013-07-18 · basis: Schedule A - list of other creditors as at July 18, 2013 · amount: 24696.12 · debtor: Latinamerican Foods Inc. dba TIFCO · creditor: Azteca Milling LP · currency: USD
- unsecured creditorspage: 3 · as of: 2013-07-18 · basis: Schedule A - list of other creditors as at July 18, 2013 · amount: 149.61 · debtor: Latinamerican Foods Inc. dba TIFCO · creditor: Barcel USA, LLC · currency: USD
- unsecured creditorspage: 3 · as of: 2013-07-18 · basis: Schedule A - list of other creditors as at July 18, 2013 · amount: 48.08 · debtor: Latinamerican Foods Inc. dba TIFCO · creditor: BCA Innovations, LLC · currency: USD
- unsecured creditorspage: 3 · as of: 2013-07-18 · basis: Schedule A - list of other creditors as at July 18, 2013 · amount: 26075.46 · debtor: Latinamerican Foods Inc. dba TIFCO · creditor: Bunge Milling Inc. · currency: USD
- unsecured creditorspage: 3 · as of: 2013-07-18 · basis: Schedule A - list of other creditors as at July 18, 2013 · amount: 13197.72 · debtor: Latinamerican Foods Inc. dba TIFCO · creditor: Compania Galletas NOEL · currency: USD
- unsecured creditorspage: 3 · as of: 2013-07-18 · basis: Schedule A - list of other creditors as at July 18, 2013 · amount: 2879.69 · debtor: Latinamerican Foods Inc. dba TIFCO · creditor: Compania Nal. de Chocolates · currency: USD
- unsecured creditorspage: 3 · as of: 2013-07-18 · basis: Schedule A - list of other creditors as at July 18, 2013 · amount: 10316.16 · debtor: Latinamerican Foods Inc. dba TIFCO · creditor: Conchita Foods, Inc. · currency: USD
- unsecured creditorspage: 3 · as of: 2013-07-18 · basis: Schedule A - list of other creditors as at July 18, 2013 · amount: 210639.28 · debtor: Latinamerican Foods Inc. dba TIFCO · creditor: El Popocatepetl Ind., Inc. · currency: USD
- unsecured creditorspage: 3 · as of: 2013-07-18 · basis: Schedule A - list of other creditors as at July 18, 2013 · amount: 110665.48 · debtor: Latinamerican Foods Inc. dba TIFCO · creditor: Empacadora San Marcos SA de CV · currency: USD
- unsecured creditorspage: 3 · as of: 2013-07-18 · basis: Schedule A - list of other creditors as at July 18, 2013 · amount: 1135.16 · debtor: Latinamerican Foods Inc. dba TIFCO · creditor: F.M. Gascon · currency: USD
- unsecured creditorspage: 3 · as of: 2013-07-18 · basis: Schedule A - list of other creditors as at July 18, 2013 · amount: 40.91 · debtor: Latinamerican Foods Inc. dba TIFCO · creditor: Goya Food Great Lakes · currency: USD
- unsecured creditorspage: 3 · as of: 2013-07-18 · basis: Schedule A - list of other creditors as at July 18, 2013 · amount: 4484.83 · debtor: Latinamerican Foods Inc. dba TIFCO · creditor: Import & Export, Inc. · currency: USD
- unsecured creditorspage: 3 · as of: 2013-07-18 · basis: Schedule A - list of other creditors as at July 18, 2013 · amount: 5165.76 · debtor: Latinamerican Foods Inc. dba TIFCO · creditor: Industria Colombiana de Cafe · currency: USD
- unsecured creditorspage: 3 · as of: 2013-07-18 · basis: Schedule A - list of other creditors as at July 18, 2013 · amount: 4049.7 · debtor: Latinamerican Foods Inc. dba TIFCO · creditor: Juanita's Food Inc. · currency: USD
- unsecured creditorspage: 3 · as of: 2013-07-18 · basis: Schedule A - list of other creditors as at July 18, 2013 · amount: 1237.64 · debtor: Latinamerican Foods Inc. dba TIFCO · creditor: La Bodega, Ltd. · currency: USD
- unsecured creditorspage: 3 · as of: 2013-07-18 · basis: Schedule A - list of other creditors as at July 18, 2013 · amount: 11539.48 · debtor: Latinamerican Foods Inc. dba TIFCO · creditor: North Shore Bottling Co. · currency: USD
- unsecured creditorspage: 3 · as of: 2013-07-18 · basis: Schedule A - list of other creditors as at July 18, 2013 · amount: 45978.91 · debtor: Latinamerican Foods Inc. dba TIFCO · creditor: Novamex · currency: USD
- unsecured creditorspage: 3 · as of: 2013-07-18 · basis: Schedule A - list of other creditors as at July 18, 2013 · amount: 11509 · debtor: Latinamerican Foods Inc. dba TIFCO · creditor: Alpina Foods LLC · currency: USD
- unsecured creditorspage: 4 · as of: 2013-07-18 · basis: Schedule A - list of other creditors as at July 18, 2013 · amount: 8679.62 · debtor: Latinamerican Foods Inc. dba TIFCO · creditor: Patagonia Foods · currency: USD
- unsecured creditorspage: 4 · as of: 2013-07-18 · basis: Schedule A - list of other creditors as at July 18, 2013 · amount: 28626.9 · debtor: Latinamerican Foods Inc. dba TIFCO · creditor: Productos Tostigar SA de CV · currency: USD
- unsecured creditorspage: 4 · as of: 2013-07-18 · basis: Schedule A - list of other creditors as at July 18, 2013 · amount: 5239.59 · debtor: Latinamerican Foods Inc. dba TIFCO · creditor: Robinson Crusoe y Cia · currency: USD
- unsecured creditorspage: 4 · as of: 2013-07-18 · basis: Schedule A - list of other creditors as at July 18, 2013 · amount: 16227.41 · debtor: Latinamerican Foods Inc. dba TIFCO · creditor: Savory Foods Inc. · currency: USD
- unsecured creditorspage: 4 · as of: 2013-07-18 · basis: Schedule A - list of other creditors as at July 18, 2013 · amount: 10065.41 · debtor: Latinamerican Foods Inc. dba TIFCO · creditor: Soexcol Import & Distributors · currency: USD
- unsecured creditorspage: 4 · as of: 2013-07-18 · basis: Schedule A - list of other creditors as at July 18, 2013 · amount: 22958.23 · debtor: Latinamerican Foods Inc. dba TIFCO · creditor: South Water Market Inc. · currency: USD
- unsecured creditorsnote: Schedule A total of $631,274.60 stated; document notes receiver unable to determine total due to incomplete creditor information received to date · page: 4 · as of: 2013-07-18 · basis: Schedule A - list of other creditors as at July 18, 2013 · amount: 46518.57 · debtor: Latinamerican Foods Inc. dba TIFCO · creditor: Vilore Foods Company · currency: USD
- unsecured creditorspage: 4 · as of: 2013-07-18 · basis: Schedule A - list of other creditors as at July 18, 2013 · amount: 4315.74 · debtor: Latinamerican Foods Inc. dba TIFCO · creditor: Padilla Import · currency: USD