Saskatchewan · Receivership (court-appointed)
Notice and Statement of the Receiver
Notice of receiver (s. 245 / Form 87) · 5 October 2023
Also filed as: Notice and Statement of the Receiver
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 filing12 verified
- financial positionnote: Document notes net realizable value of assets will differ from aggregate book values, and the differences may be significant. Schedule B creditor listing shows Preferred and Unsecured creditor subtotals of $0 (listed as 'Unknown'). · page: 1 · as at: 2018-12-31 · basis: Book values per the most recent external financial statements of the Company · scope: Specific Property of Croft Aggregates Limited forming the security of Conexus Credit Union 2006 (accounts receivable, aggregate inventory, property, plant and equipment) - not a full corporate balance sheet · currency: CAD · total assets: 12222218
- secured creditorsnote: Balance per Affidavit of Lindsey Cooper sworn September 1, 2023. · page: 1 · as of: 2023-08-28 · amount: 1631768 · debtor: Croft Aggregates Limited · creditor: KF Aggregates Ltd. · currency: CAD · security: Builders Lien
- secured creditorsnote: Deemed trust class - CRA has raised issue of priority of deemed trust claim for payroll source deductions (Income Tax Act, CPP, EI Act) ranking against Receiver's Charge/Borrowings Charge (Receivership Order para 17A); balance per Affidavit of Lindsey Cooper sworn September 1, 2023. · page: 1 · as of: 2023-08-28 · amount: 1015826 · debtor: Croft Aggregates Limited · creditor: Canada Revenue Agency · currency: CAD
- secured creditorsnote: Balance per Affidavit of Lindsey Cooper sworn September 1, 2023. · page: 1 · as of: 2023-08-28 · amount: 93498 · debtor: Croft Aggregates Limited · creditor: Prairie Ag Petroleum Ltd. · currency: CAD
- secured creditorsnote: Balance per Affidavit of Lindsey Cooper sworn September 1, 2023. · page: 1 · as of: 2023-08-28 · amount: 59224 · debtor: Croft Aggregates Limited · creditor: JD Trucking Ltd. (Singh) · currency: CAD
- secured creditorsnote: No dated-balance footnote applied to this entry in the document. · page: 1 · amount: 31545 · debtor: Croft Aggregates Limited · creditor: RM of Edenwold · currency: CAD
- secured creditorsnote: Balance per Affidavit of Lindsey Cooper sworn September 1, 2023; applicant/petitioning secured creditor in the receivership. · page: 1 · as of: 2023-08-28 · amount: 8974803 · debtor: Croft Aggregates Limited · creditor: Conexus Credit Union 2006 · currency: CAD · security: General security over all assets, undertakings and properties of the Debtor (Property), including accounts receivable, aggregate inventory and property, plant and equipment with total book value of $12,222,218 as at December 31, 2018
- secured creditorsnote: Balance per Affidavit of Lindsey Cooper sworn September 1, 2023. · page: 1 · as of: 2023-08-28 · amount: 19677 · debtor: Croft Aggregates Limited · creditor: Uppal Trans Logistics Inc. · currency: CAD · security: Builders Lien
- secured creditorsnote: Balance per Affidavit of Lindsey Cooper sworn September 1, 2023. · page: 2 · as of: 2023-08-28 · amount: 5161 · debtor: Croft Aggregates Limited · creditor: Saskatchewan Finance Division · currency: CAD
- secured creditorsnote: Stated amount is $1, expressly identified by the document as a placeholder for creditors with unknown amounts owing (para 4(e)); actual balance owed is not stated. · page: 2 · debtor: Croft Aggregates Limited · creditor: Business Development Bank · currency: CAD
- secured creditorsnote: Balance per Affidavit of Lindsey Cooper sworn September 1, 2023. · page: 2 · as of: 2023-08-28 · amount: 5646 · debtor: Croft Aggregates Limited · creditor: JCA Holdings Ltd. · currency: CAD
- unsecured creditors