Ontario · Receivership (court-appointed)

Notice and Statement of the Receiver

Notice to creditors · 23 November 2017

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appointeeAlbert Gelman Inc.
appointee roleReceiver
commencement date21 November 2017
secured creditorsnote: Components not summed per document: Loan agreement $316,862.68; Factoring agreement (CDN) $149,034.83; Factoring agreement (USD) $525.07 USD; plus costs and interest to date. Document states 'amounts set out above are subject to change.' Receiver appointed by Baron pursuant to this GSA. · page: 1 · as of: 2017-09-15 · debtor: New Concept Quality Doors Ltd. · creditor: Baron Finance Incorporated · currency: CAD · security: General Security Agreement dated April 26, 2016 against the Debtor's property, assets and undertaking
statutory basisSubsections 245(1) and 246(1) of the Act
financial positionnote: Total liabilities line combines Total unsecured creditors ($2,288,439.72, itself comprising List 'A' unsecured claims of $2,170,349.99 plus balance-of-secured-claims of $118,089.73) with nil secured/preferred/contingent lines; stated deficiency $1,648,439.72; surplus 'Nil'. · page: 2 · as at: 2017-09-19 · basis: Statement of Affairs (Form 78) - as stated and estimated by the officer, sworn/declared October 5, 2017 · scope: Entity - New Concept Quality Doors Ltd. · currency: CAD · total assets: 640000 · total liabilities: 2288439.72
unsecured creditorsnote: CRA claim listed at nil in the Statement of Affairs · page: 3 · as of: 2017-09-19 · basis: Statement of Affairs (Form 78) List 'A', as stated and estimated by the officer · amount: 0 · debtor: New Concept Quality Doors Ltd. · creditor: CRA - Tax - Ontario (Attn: Quebec Insolvency Intake Centre / Collection Centre, Shawinigan-Sud QC) · currency: CAD
unsecured creditorsnote: Same claim bifurcated with List 'B' secured entry; unsecured claim column nil, balance-of-claim column carries this amount · page: 3 · as of: 2017-09-19 · basis: Statement of Affairs (Form 78) List 'A', as stated and estimated by the officer · amount: 250 · debtor: New Concept Quality Doors Ltd. · creditor: G.N. Johnson Equipment Co. Ltd. · currency: CAD
unsecured creditorsnote: Nominal claim; 801-1 Adelaide Street East, Toronto · page: 3 · as of: 2017-09-19 · basis: Statement of Affairs (Form 78) List 'A', as stated and estimated by the officer · amount: 1 · debtor: New Concept Quality Doors Ltd. · creditor: Garnitile, Biderman LLP Barristers & Solicitors · currency: CAD
unsecured creditorspage: 3 · as of: 2017-09-19 · basis: Statement of Affairs (Form 78) List 'A', as stated and estimated by the officer · amount: 0 · debtor: New Concept Quality Doors Ltd. · creditor: Haibing Lu · currency: CAD
unsecured creditorsnote: Same claim bifurcated with List 'B' secured entry · page: 3 · as of: 2017-09-19 · basis: Statement of Affairs (Form 78) List 'A', as stated and estimated by the officer · amount: 250 · debtor: New Concept Quality Doors Ltd. · creditor: Honda Canada Finance Inc · currency: CAD
unsecured creditorsnote: 135 Thornhill Dr, Thornhill ON L4J 1E3 · page: 3 · as of: 2017-09-19 · basis: Statement of Affairs (Form 78) List 'A', as stated and estimated by the officer · amount: 250 · debtor: New Concept Quality Doors Ltd. · creditor: Hsan Huan Shui · currency: CAD
unsecured creditorspage: 3 · as of: 2017-09-19 · basis: Statement of Affairs (Form 78) List 'A', as stated and estimated by the officer · amount: 0 · debtor: New Concept Quality Doors Ltd. · creditor: Jeffrey Cid · currency: CAD
unsecured creditorspage: 3 · as of: 2017-09-19 · basis: Statement of Affairs (Form 78) List 'A', as stated and estimated by the officer · amount: 0 · debtor: New Concept Quality Doors Ltd. · creditor: Jiang Zheng · currency: CAD
unsecured creditorsnote: 3-146 West Beaver Creek Rd, Richmond Hill ON L4B 1C2 · page: 3 · as of: 2017-09-19 · basis: Statement of Affairs (Form 78) List 'A', as stated and estimated by the officer · amount: 350000 · debtor: New Concept Quality Doors Ltd. · creditor: Jinghua Xu · currency: CAD
unsecured creditorsnote: Same address as Jinghua Xu (3-146 West Beaver Creek Rd, Richmond Hill ON L4B 1C2); name read from degraded/rotated scan · page: 3 · as of: 2017-09-19 · basis: Statement of Affairs (Form 78) List 'A', as stated and estimated by the officer · amount: 350000 · debtor: New Concept Quality Doors Ltd. · creditor: Yingjun Xu · currency: CAD
unsecured creditorsnote: 216-1550 South Gateway Rd, Mississauga ON L4W 5G6 · page: 3 · as of: 2017-09-19 · basis: Statement of Affairs (Form 78) List 'A', as stated and estimated by the officer · amount: 0 · debtor: New Concept Quality Doors Ltd. · creditor: Laurence Wong · currency: CAD
unsecured creditorsnote: Name and amount read from a rotated/degraded scan (page total reconciles with grand total of $2,288,439.72); exact figure/spelling uncertain · page: 3 · as of: 2017-09-19 · basis: Statement of Affairs (Form 78) List 'A', as stated and estimated by the officer · amount: 50000 · debtor: New Concept Quality Doors Ltd. · creditor: Leo Suid Ching · currency: CAD
unsecured creditorsnote: Name partially illegible in degraded/rotated scan · page: 3 · as of: 2017-09-19 · basis: Statement of Affairs (Form 78) List 'A', as stated and estimated by the officer · amount: 0 · debtor: New Concept Quality Doors Ltd. · creditor: Mo Guolong · currency: CAD
unsecured creditorsnote: Oshawa ON L1H 8H5; claim listed at nil · page: 3 · as of: 2017-09-19 · basis: Statement of Affairs (Form 78) List 'A', as stated and estimated by the officer · amount: 0 · debtor: New Concept Quality Doors Ltd. · creditor: Ministry of Finance (Ontario) - HST, PST, EHT & Other Taxes / Ministry of Revenue · currency: CAD
unsecured creditorspage: 3 · as of: 2017-09-19 · basis: Statement of Affairs (Form 78) List 'A', as stated and estimated by the officer · amount: 0 · debtor: New Concept Quality Doors Ltd. · creditor: Peng Gao · currency: CAD
unsecured creditorspage: 3 · as of: 2017-09-19 · basis: Statement of Affairs (Form 78) List 'A', as stated and estimated by the officer · amount: 0 · debtor: New Concept Quality Doors Ltd. · creditor: Ran Hu · currency: CAD
unsecured creditorspage: 3 · as of: 2017-09-19 · basis: Statement of Affairs (Form 78) List 'A', as stated and estimated by the officer · amount: 0 · debtor: New Concept Quality Doors Ltd. · creditor: Rongheng Li · currency: CAD
unsecured creditorsnote: 57 Wyndhaus Way, Uxbridge ON L9P 0B6 · page: 3 · as of: 2017-09-19 · basis: Statement of Affairs (Form 78) List 'A', as stated and estimated by the officer · amount: 250 · debtor: New Concept Quality Doors Ltd. · creditor: Qiuhua Zhang · currency: CAD
unsecured creditorsnote: 300-4200 boul Dorchester, Westmount QC H2Z 1V4, Attn: Bankruptcy dept. · page: 3 · as of: 2017-09-19 · basis: Statement of Affairs (Form 78) List 'A', as stated and estimated by the officer · amount: 250 · debtor: New Concept Quality Doors Ltd. · creditor: Thinking Capital Financial Corporation · currency: CAD
unsecured creditorsnote: 6 Summit Trail, Richmond Hill ON L4E 3S7 · page: 3 · as of: 2017-09-19 · basis: Statement of Affairs (Form 78) List 'A', as stated and estimated by the officer · amount: 200000 · debtor: New Concept Quality Doors Ltd. · creditor: Dong Fu · currency: CAD
unsecured creditorsnote: 27 Royce Rd, Woodbridge ON L4L 6E3 · page: 3 · as of: 2017-09-19 · basis: Statement of Affairs (Form 78) List 'A', as stated and estimated by the officer · amount: 316832.68 · debtor: New Concept Quality Doors Ltd. · creditor: 1000759 Ontario Inc. (Factoring agreement) · currency: CAD
unsecured creditorsnote: Second factoring facility line item, same address · page: 3 · as of: 2017-09-19 · basis: Statement of Affairs (Form 78) List 'A', as stated and estimated by the officer · amount: 600 · debtor: New Concept Quality Doors Ltd. · creditor: 1000759 Ontario Inc. (Factoring agreement) · currency: CAD
unsecured creditorsnote: Stated in U.S. dollars per document label · page: 3 · as of: 2017-09-19 · basis: Statement of Affairs (Form 78) List 'A', as stated and estimated by the officer · amount: 401915.31 · debtor: New Concept Quality Doors Ltd. · creditor: 1000759 Ontario Inc. (Factoring agreement - U.S. Dols) · currency: USD
unsecured creditorspage: 3 · as of: 2017-09-19 · basis: Statement of Affairs (Form 78) List 'A', as stated and estimated by the officer · amount: 300000 · debtor: New Concept Quality Doors Ltd. · creditor: 1000759 Ontario Inc. (Loan agreement) · currency: CAD
unsecured creditorsnote: Nominal claim · page: 3 · as of: 2017-09-19 · basis: Statement of Affairs (Form 78) List 'A', as stated and estimated by the officer · amount: 1 · debtor: New Concept Quality Doors Ltd. · creditor: Boss Recovery c/o Kevin Richards · currency: CAD
unsecured creditorspage: 4 · as of: 2017-09-19 · basis: Statement of Affairs (Form 78) List 'A', as stated and estimated by the officer · amount: 0 · debtor: New Concept Quality Doors Ltd. · creditor: Wenjun Xu · currency: CAD
unsecured creditorsnote: 200 Front St W, Toronto ON M5V 3J1; claim listed at nil · page: 4 · as of: 2017-09-19 · basis: Statement of Affairs (Form 78) List 'A', as stated and estimated by the officer · amount: 0 · debtor: New Concept Quality Doors Ltd. · creditor: Workplace Safety and Insurance Board (Attn c/o Collection Services) · currency: CAD
unsecured creditorspage: 4 · as of: 2017-09-19 · basis: Statement of Affairs (Form 78) List 'A', as stated and estimated by the officer · amount: 0 · debtor: New Concept Quality Doors Ltd. · creditor: Yijun Yan · currency: CAD
unsecured creditorsnote: 131 McLaren Rd, Campbellville ON L0P 1B0 · page: 4 · as of: 2017-09-19 · basis: Statement of Affairs (Form 78) List 'A', as stated and estimated by the officer · amount: 250 · debtor: New Concept Quality Doors Ltd. · creditor: Yinan Zhang · currency: CAD
unsecured creditorspage: 4 · as of: 2017-09-19 · basis: Statement of Affairs (Form 78) List 'A', as stated and estimated by the officer · amount: 0 · debtor: New Concept Quality Doors Ltd. · creditor: Yu Zhang · currency: CAD
unsecured creditorspage: 4 · as of: 2017-09-19 · basis: Statement of Affairs (Form 78) List 'A', as stated and estimated by the officer · amount: 0 · debtor: New Concept Quality Doors Ltd. · creditor: Yuan Wang · currency: CAD
unsecured creditorspage: 4 · as of: 2017-09-19 · basis: Statement of Affairs (Form 78) List 'A', as stated and estimated by the officer · amount: 200000 · debtor: New Concept Quality Doors Ltd. · creditor: Zhen Guo · currency: CAD
unsecured creditorspage: 4 · as of: 2017-09-19 · basis: Statement of Affairs (Form 78) List 'A', as stated and estimated by the officer · amount: 0 · debtor: New Concept Quality Doors Ltd. · creditor: Wei Yang · currency: CAD
unsecured creditorsnote: Same claim bifurcated with List 'B' secured entry; 8550 Keele St, Concord ON L4K 2N2 (Debtor's premises) · page: 4 · as of: 2017-09-19 · basis: Statement of Affairs (Form 78) List 'A', as stated and estimated by the officer · amount: 117589.73 · debtor: New Concept Quality Doors Ltd. · creditor: Valcap Properties Inc · currency: CAD
secured creditorsnote: Address matches Debtor's business premises (8550 Keele St, Concord ON) - likely landlord/property claim. Estimated value of security stated as $0.00; balance of claim shown as fully unsecured/bifurcated in List 'A'. · page: 5 · as of: 2017-09-19 · amount: 117589.73 · debtor: New Concept Quality Doors Ltd. · creditor: Valcap Properties Inc · currency: CAD · security: No particulars of security stated in document
secured creditorsnote: Estimated value of security stated as $0.00; balance of claim ($250.00) shown as fully unsecured/bifurcated in List 'A' of the Statement of Affairs. · page: 5 · as of: 2017-09-19 · amount: 250 · debtor: New Concept Quality Doors Ltd. · creditor: Honda Canada Finance Inc · currency: CAD · security: Security over 2015 Honda Odyssey (VIN 5FNRL5G32FB502836)
secured creditorsnote: Estimated value of security stated as $0.00; balance of claim ($250.00) shown as fully unsecured/bifurcated in List 'A' of the Statement of Affairs. · page: 5 · as of: 2017-09-19 · amount: 250 · debtor: New Concept Quality Doors Ltd. · creditor: G.N. Johnson Equipment Co. Ltd. · currency: CAD · security: PMSI-type security over 2006 Toyota Lift Truck (VIN 7FGCU25-92845)