Ontario · Bankruptcy

Creditors Package

Meeting materials · 7 May 2021

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appointeeMNP Ltd.
appointee roleLicensed Insolvency Trustee
commencement date4 May 2021
court file no31-2734610
proceeding typebia_bankruptcy
provinceOntario
statutory basisSubsection 102(1) of the Act
financial positionnote: Total unsecured creditors $13,987,152.19; secured creditors $47,580,308.97; preferred $0.00; contingent/other $0.00; deficiency stated as $6,567,461.16 · page: 4 · as at: 2021-05-04 · basis: as stated and estimated by the officer (Statement of Affairs, Form 78, virtually sworn) · scope: Entity: 10502715 Canada Inc (the bankrupt GP) · currency: CAD · total assets: 55000000 · total liabilities: 61567461.16
unsecured creditorsnote: related party - shares CIM group address with debtor's GP/LP structure · page: 5 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 7630000 · debtor: 10502715 Canada Inc · creditor: CIM International Group Inc · currency: CAD
unsecured creditorsnote: related party - CIM group · page: 5 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 486555.03 · debtor: 10502715 Canada Inc · creditor: CIM Investment Inc · currency: CAD
unsecured creditorsnote: related party - CIM group · page: 5 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 16903.03 · debtor: 10502715 Canada Inc · creditor: CIM Invests. Dev. Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 2661.9 · debtor: 10502715 Canada Inc · creditor: Dickinson Wright LLP · currency: CAD
unsecured creditorsnote: CRA deemed-trust class; amount stated as nil · page: 5 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 0 · debtor: 10502715 Canada Inc · creditor: CRA - Tax - Ontario · currency: CAD
unsecured creditorspage: 5 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 4001.9 · debtor: 10502715 Canada Inc · creditor: Devine Park LLP · currency: CAD
unsecured creditorspage: 5 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 5650 · debtor: 10502715 Canada Inc · creditor: DJH & Partners LLP · currency: CAD
unsecured creditorsnote: employee-related listing · page: 5 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 67.62 · debtor: 10502715 Canada Inc · creditor: Emp - Jia Liu · currency: CAD
unsecured creditorspage: 5 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 5448.38 · debtor: 10502715 Canada Inc · creditor: Evans Planning Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 10711.06 · debtor: 10502715 Canada Inc · creditor: EXP Services Inc. · currency: CAD
unsecured creditorsnote: individual creditor - two separate listed entries for same name at same address · page: 5 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 265081.97 · debtor: 10502715 Canada Inc · creditor: Fan Yu (1) · currency: CAD
unsecured creditorsnote: individual creditor - two separate listed entries for same name at same address · page: 5 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 277158.47 · debtor: 10502715 Canada Inc · creditor: Fan Yu (2) · currency: CAD
unsecured creditorspage: 5 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 275573.77 · debtor: 10502715 Canada Inc · creditor: 10176974 Canada Inc. · currency: CAD
unsecured creditorsnote: CRA-related listing, tax · page: 5 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 1 · debtor: 10502715 Canada Inc · creditor: ARC - Taxe - Ontario · currency: CAD
unsecured creditorspage: 5 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 605.87 · debtor: 10502715 Canada Inc · creditor: Alectra Utilities Corporation · currency: CAD
unsecured creditorspage: 5 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 54463.1 · debtor: 10502715 Canada Inc · creditor: Arbo Design Ltd. · currency: CAD
unsecured creditorspage: 5 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 128435.56 · debtor: 10502715 Canada Inc · creditor: Arbo Landscaping Ltd. · currency: CAD
unsecured creditorspage: 5 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 4237.5 · debtor: 10502715 Canada Inc · creditor: Avesdo Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 5591.24 · debtor: 10502715 Canada Inc · creditor: Bousfields Inc · currency: CAD
unsecured creditorsnote: CRA deemed-trust class (payroll liabilities) · page: 5 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 15613.29 · debtor: 10502715 Canada Inc · creditor: Canada Revenue Agency - Payroll Liabilities · currency: CAD
unsecured creditorspage: 5 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 60000 · debtor: 10502715 Canada Inc · creditor: CIBC - RBC Bank · currency: CAD
unsecured creditorsnote: related party - shares CIM group address with debtor's GP/LP structure · page: 5 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 2300 · debtor: 10502715 Canada Inc · creditor: CIM International Dev. Inc. · currency: CAD
unsecured creditorspage: 6 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 130.65 · debtor: 10502715 Canada Inc · creditor: Reprodux · currency: CAD
unsecured creditorsnote: two entries listed for same creditor · page: 6 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 180000 · debtor: 10502715 Canada Inc · creditor: Global King Inc. (1) · currency: CAD
unsecured creditorsnote: two entries listed for same creditor · page: 6 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 59111.04 · debtor: 10502715 Canada Inc · creditor: Global King Inc. (2) · currency: CAD
unsecured creditorsnote: also listed as secured creditor jointly with Monest Financial Inc.; unsecured portion stated as nil · page: 6 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 0 · debtor: 10502715 Canada Inc · creditor: GR (CAN) Investment Co. Ltd. · currency: CAD
unsecured creditorspage: 6 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 2774.15 · debtor: 10502715 Canada Inc · creditor: Greck and Associates Limited · currency: CAD
unsecured creditorspage: 6 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 213825.14 · debtor: 10502715 Canada Inc · creditor: Heavenly Resources Financial Group Inc. · currency: CAD
unsecured creditorspage: 6 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 18395.38 · debtor: 10502715 Canada Inc · creditor: Himelfarb Proszanski · currency: CAD
unsecured creditorsnote: multiple entries under similar name at same address · page: 6 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 341657.05 · debtor: 10502715 Canada Inc · creditor: Hukian Wang (1) · currency: CAD
unsecured creditorsnote: multiple entries under similar name at same address · page: 6 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 106920.05 · debtor: 10502715 Canada Inc · creditor: Hukian Wang (2) · currency: CAD
unsecured creditorsnote: multiple entries under similar name at same address; amount stated nil · page: 6 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 0 · debtor: 10502715 Canada Inc · creditor: Hukian Wang (3) · currency: CAD
unsecured creditorsnote: multiple entries under similar name at same address · page: 6 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 126185.09 · debtor: 10502715 Canada Inc · creditor: Hukian Wang (4) · currency: CAD
unsecured creditorspage: 6 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 157339.91 · debtor: 10502715 Canada Inc · creditor: Jie Liu · currency: CAD
unsecured creditorspage: 6 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 284808.74 · debtor: 10502715 Canada Inc · creditor: Kwokin Lo · currency: CAD
unsecured creditorspage: 6 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 278032.79 · debtor: 10502715 Canada Inc · creditor: Lili Sheng · currency: CAD
unsecured creditorspage: 6 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 565027.32 · debtor: 10502715 Canada Inc · creditor: Liyou Yang · currency: CAD
unsecured creditorspage: 6 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 90966.43 · debtor: 10502715 Canada Inc · creditor: Meng Wang · currency: CAD
unsecured creditorsnote: also listed jointly as secured creditor with GR (CAN) Investment Co Ltd.; this figure is a separate unsecured claim · page: 6 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 106912.57 · debtor: 10502715 Canada Inc · creditor: Monest Financial Inc. · currency: CAD
unsecured creditorspage: 6 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 7237.65 · debtor: 10502715 Canada Inc · creditor: Schaeffer Dzaldov Bennett Ltd. · currency: CAD
unsecured creditorsnote: payroll-related listing · page: 6 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 22577.38 · debtor: 10502715 Canada Inc · creditor: Shuwei Yuan - Payroll · currency: CAD
unsecured creditorspage: 6 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 2712 · debtor: 10502715 Canada Inc · creditor: SDSCIA Professional Engineers Inc. · currency: CAD
unsecured creditorspage: 6 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 32038.14 · debtor: 10502715 Canada Inc · creditor: Stantec Consulting Ltd. · currency: CAD
unsecured creditorspage: 6 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 44646.3 · debtor: 10502715 Canada Inc · creditor: T2 Utility Engineers Inc. · currency: CAD
unsecured creditorsnote: municipal tax · page: 6 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 35000 · debtor: 10502715 Canada Inc · creditor: Town of Richmond Hill - Property Tax · currency: CAD
unsecured creditorspage: 6 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 2481.22 · debtor: 10502715 Canada Inc · creditor: Workplace Safety & Insurance Board · currency: CAD
unsecured creditorspage: 7 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 290739.73 · debtor: 10502715 Canada Inc · creditor: Yunin Zhu on behalf of Yurong Wang · currency: CAD
unsecured creditorspage: 7 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 284754.1 · debtor: 10502715 Canada Inc · creditor: Zhaoan Sui · currency: CAD
unsecured creditorsnote: two entries listed for same/similar name at same address · page: 7 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 285061.97 · debtor: 10502715 Canada Inc · creditor: Zhang Yan (1) · currency: CAD
unsecured creditorsnote: two entries listed for same/similar name at same address · page: 7 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 138483.61 · debtor: 10502715 Canada Inc · creditor: Zhang Yan (2) · currency: CAD
unsecured creditorspage: 7 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 19634.19 · debtor: 10502715 Canada Inc · creditor: 7Y Investment Inc. · currency: CAD
unsecured creditorspage: 7 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 200077.87 · debtor: 10502715 Canada Inc · creditor: Ynghong Hu · currency: CAD
unsecured creditorsnote: two entries listed for same/similar name at same address · page: 7 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 456680.23 · debtor: 10502715 Canada Inc · creditor: YanfengChen (2) · currency: CAD
unsecured creditorsnote: two entries listed for same/similar name at same address · page: 7 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 73275.3 · debtor: 10502715 Canada Inc · creditor: YanfengChen (1) · currency: CAD
unsecured creditorspage: 7 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 278032.79 · debtor: 10502715 Canada Inc · creditor: Xiaodong Luo · currency: CAD
unsecured creditorspage: 7 · as of: 2021-05-04 · basis: Statement of Affairs List A as sworn · amount: 2952.69 · debtor: 10502715 Canada Inc · creditor: WSP Canada Group Limited · currency: CAD
secured creditorsnote: Estimated surplus from security noted as $7,419,891.03 (total surplus for all three secured creditors combined per List B); balance of claim shown as 0.00 for this class total · page: 8 · as of: 2021-05-04 · amount: 2225498.61 · debtor: 10502715 Canada Inc · creditor: GR (CAN) Investment Co Ltd & Monest Financial Inc. · currency: CAD · security: Real Property or Immovable - Land
secured creditorsnote: Listed in Statement of Affairs List B · page: 8 · as of: 2021-05-04 · amount: 24634810.36 · debtor: 10502715 Canada Inc · creditor: DUCA Financial Services Credit Union Ltd. (Attn: Devi Ramlu) · currency: CAD · security: Real Property or Immovable - Land
secured creditorsnote: Estimated value of security $20,720,000.00; listed in Statement of Affairs List B · page: 8 · as of: 2021-05-04 · amount: 20720000 · debtor: 10502715 Canada Inc · creditor: Bryton Capital Corp GP Ltd · currency: CAD · security: Real Property or Immovable - Land