Ontario · Receivership (court-appointed)
First Report of the Receiver dated June 15, 2018
Court officer report · 15 June 2018
Also filed as: First Report of the Receiver dated June 15, 2018; First Report of the Receiver dated June 15, 2018
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 filing18 verified
- secured creditorsnote: Company disputes amount; Company believes CMEC is owed approximately US$54 million. Amount subject to Court-ordered debt litigation timetable (May 7, 2018 order) to determine actual debt. Also advanced $100,000 post-filing (Feb 13, 2018) funded via Receiver's Certificate. · page: 6 · as of: May 2018 · amount: 72000000 · debtor: 2284649 Ontario Inc. · creditor: China Machinery Engineering Corporation (CMEC) · currency: USD · security: Mortgage registered against title June 9, 2014 pursuant to loan agreement dated June 9, 2014, as amended
- unsecured creditorsnote: Approximately $13 million owing to related parties; balance largely comprised of amounts owing to trades for construction and other work performed on Parcel D. Document names no individual unsecured creditors. · page: 6 · as of: date of the Receivership Order (February 6, 2018) · basis: According to the Company's books and records · amount: 23700000 · debtor: 2284649 Ontario Inc. / 2270613 Limited Partnership / 2270613 Ontario Inc. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- secured creditorsnote: Lien claim; services supplied to Melloul-Blamey Sept 26, 2017 to Feb 6, 2018; Schedule 'A' listing names of owners lists CMEC · page: 44 · amount: 930442.9 · debtor: 2284649 Ontario Inc. / 2270613 Limited Partnership / 2270613 Ontario Inc. · creditor: Harris Steel ULC o/a Harris Rebar · currency: CAD · security: Construction lien registered against 250, 252 and 256 Phillip Street; total contract value $804,000
- secured creditorsnote: Lien claim; services supplied to Melloul-Blamey Sept 1, 2017 to Feb 8, 2018 · page: 44 · amount: 299566.09 · debtor: 2284649 Ontario Inc. / 2270613 Limited Partnership / 2270613 Ontario Inc. · creditor: Pro Electric Inc. · currency: CAD · security: Construction lien registered against 250 and 252 Phillip Street; total contract value $1,795,000.00
- secured creditorsnote: Second, separate lien claim; services supplied to Melloul-Blamey Sept 1, 2017 to Feb 8, 2018 · page: 44 · amount: 512892.04 · debtor: 2284649 Ontario Inc. / 2270613 Limited Partnership / 2270613 Ontario Inc. · creditor: Pro Electric Inc. · currency: CAD · security: Construction lien registered against 250 and 252 Phillip Street; total contract value $4,024,464.00
- secured creditorsnote: Services supplied May 3, 2017 to Feb 15, 2018 · page: 44 · amount: 8109944.47 · debtor: 2284649 Ontario Inc. / 2270613 Ontario Inc. / 2270613 Limited Partnership / JD Development 254 Phillip Street Ltd. · creditor: Melloul-Blamey Construction · currency: CAD · security: Construction lien registered against 250, 252, 254 and 256 Phillip Street; total contract value $9,237,956.63
- secured creditorsnote: Services supplied to Melloul-Blamey Sept 19, 2018 (likely 2017) to Feb 20, 2018; schedule listing names of owners lists CMEC · page: 44 · amount: 125000 · debtor: 2284649 Ontario Inc. / 2270613 Limited Partnership / 2270613 Ontario Inc. · creditor: Sky Window Technologies Inc. · currency: CAD · security: Construction lien registered against 252 Phillip Street; total contract value $1,395,000.00
- secured creditorsnote: Services supplied to Redline Structures Ontario Inc. Nov 28, 2017 to Feb 2, 2018 · page: 44 · amount: 64542.21 · debtor: 2284649 Ontario Inc. / 2270613 Limited Partnership / 2270613 Ontario Inc. · creditor: Tri-Con Haid Concrete Finishing Ltd. · currency: CAD · security: Construction lien registered against 250 and 252 Phillip Street; unit price basis ($1.00 per square)
- secured creditorsnote: Second, separate lien claim; services supplied to Melloul-Blamey Nov 7, 2017 to Jan 25, 2018 · page: 44 · amount: 55709 · debtor: 2284649 Ontario Inc. / 2270613 Limited Partnership / 2270613 Ontario Inc. · creditor: Tri-Con Haid Concrete Finishing Ltd. · currency: CAD · security: Construction lien registered against 250 and 252 Phillip Street; total contract value $49,300.00
- secured creditorsnote: Services supplied Jan 1, 2015 to Jan 31, 2018 · page: 44 · amount: 73301.5 · debtor: 2284649 Ontario Inc. / 2270613 Ontario Inc. / 2270613 Limited Partnership / JD Development 254 Phillip Street · creditor: McKnight Charron Limited · currency: CAD · security: Construction lien registered against 250, 252 and 256 Phillip Street; total contract value $1,209,722.70
- secured creditorsnote: Lien claim; services supplied to Melloul-Blamey Dec 10, 2017 to Jan 31, 2018 · page: 44 · amount: 260497.89 · debtor: 2284649 Ontario Inc. / 2270613 Limited Partnership / 2270613 Ontario Inc. · creditor: Dufferin Concrete, a division of CRH Canada Group Inc. · currency: CAD · security: Construction lien registered against 250 and 252 Phillip Street; total contract value $260,497.89
- secured creditorsnote: Services supplied to Melloul-Blamey June 14, 2017 to Feb 20, 2018 · page: 45 · amount: 251631 · debtor: 2284649 Ontario Inc. / 2270613 Limited Partnership / 2270613 Ontario Inc. · creditor: Morrow Equipment Company, LLC · currency: CAD · security: Construction lien registered against 252 Phillip Street; total contract value $548,600.00
- secured creditorsnote: Services supplied to Melloul-Blamey Sept 8, 2017 to Feb 6, 2018 · page: 45 · amount: 98373 · debtor: 2284649 Ontario Inc. / 2270613 Limited Partnership / 2270613 Ontario Inc. · creditor: G. Melo Excavating Ltd. · currency: CAD · security: Construction lien registered against 250 and 252 Phillip Street; total contract value $485,391.50
- secured creditorsnote: Services supplied to Melloul-Blamey Sept 11, 2017 to Feb 7, 2018 · page: 45 · amount: 1302864.24 · debtor: 2284649 Ontario Inc. / 2270613 Limited Partnership / 2270613 Ontario Inc. · creditor: Redline Structures Ontario Inc. · currency: CAD · security: Construction lien registered against 250, 252 and 256 Phillip Street
- secured creditorsnote: Services supplied Aug 1, 2016 to Feb 6, 2018 · page: 45 · amount: 13019.52 · debtor: 2284649 Ontario Inc. · creditor: Stephenson Engineering Ltd. · currency: CAD · security: Construction lien registered against 250 and 252 Phillip Street; total contract value $327,700
- secured creditorsnote: Services supplied to Redline Structures Ontario Inc./Redline Structures Inc. Nov 8, 2017 to April 5, 2018; lien action to perfect not yet commenced as at report date · page: 45 · amount: 87645.53 · debtor: 2284649 Ontario Inc. / 2270613 Limited Partnership / 2270613 Ontario Inc. · creditor: Titan Formwork Systems, Inc. · currency: CAD · security: Construction lien registered against 250, 252, 254 and 256 Phillip Street; total contract value $100,608.64
- secured creditorsnote: Services supplied to Redline Structures Inc. Sept 25, 2017 to Feb 13, 2018 · page: 45 · amount: 71684.04 · debtor: 2284649 Ontario Inc. / 2270613 Limited Partnership / 2270613 Ontario Inc. · creditor: PERI Formwork Systems Inc. · currency: CAD · security: Construction lien registered against 250, 252 and 256 Phillip Street; total contract value $71,137.00
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 438.38 · quote: The average hourly rates for KSV and DLA for the referenced billing periods were $438.38 and $478.21, respectively. · scope: KSV · currency: · invoices: · firm text: KSV Kofman Inc. · firm quote: First Report of KSV Kofman Inc. as Receiver and Manager of the Property · context quote: KSV was appointed Receiver of the Property; form: prose · rows: · money: approximate: false · period: end: 2018-04-05 · kind: invoice · quote: from Nov. 8, 2017 to April 5, 2018 · start: 2017-11-08 · approval: state: unstated · averages: rate: 478.21 · quote: The average hourly rates for KSV and DLA for the referenced billing periods were $438.38 and $478.21, respectively. · scope: DLA · currency: · invoices: · firm text: DLA · firm quote: The average hourly rates for KSV and DLA for the referenced billing periods were $438.38 and $478.21, respectively. · context quote: The average hourly rates for KSV and DLA for the referenced billing periods were $438.38 and $478.21, respectively.