Alberta · Receivership (court-appointed)
Notice & Statement of Receiver - July 23, 2018.pdf
Notice to creditors · 23 July 2018
A plain-language read of this filing opens with a subscription.
What we verified from this filing22 verified
- financial positionnote: Table shows only asset categories (inventory, work-in-progress [TBD], accounts & holdback receivables, deposits & prepaid expenses, investments in & due from related parties, capital & intangible assets) with totals per entity and combined total of $28,035,380; no liabilities stated on these pages; work-in-progress marked [TBD] · page: 1 · basis: Estimated Book Value · scope: Combined by entity (Concept Electric Ltd., 101200672 Saskatchewan Ltd., 1645943 Alberta Inc.) with total column · currency: CAD
- secured creditorsnote: Amount not stated; listed as additional secured creditor · page: 1 · debtor: Concept Electric Ltd., 1645943 Alberta Inc. and 101200672 Saskatchewan Ltd. · creditor: Business Development Bank of Canada · currency: CAD · security: Registered security interest
- secured creditorsnote: Amount not stated · page: 1 · debtor: Concept Electric Ltd., 1645943 Alberta Inc. and 101200672 Saskatchewan Ltd. · creditor: Bow-Alta Electric Ltd. · currency: CAD · security: Registered security interest
- secured creditorsnote: Amount per the Companies' books and records · page: 1 · amount: 13987043 · debtor: Concept Electric Ltd., 1645943 Alberta Inc. and 101200672 Saskatchewan Ltd. · creditor: HSBC Bank Canada · currency: CAD · security: Registered security interest (primary secured creditor)
- secured creditorsnote: Amount not stated · page: 2 · debtor: Concept Electric Ltd., 1645943 Alberta Inc. and 101200672 Saskatchewan Ltd. · creditor: 1651537 Alberta Ltd. · currency: CAD · security: Registered security interest
- secured creditorsnote: Amount not stated; individual · page: 2 · debtor: Concept Electric Ltd., 1645943 Alberta Inc. and 101200672 Saskatchewan Ltd. · creditor: Shirley Schmold · currency: CAD · security: Registered security interest
- secured creditorsnote: Amount not stated · page: 2 · debtor: Concept Electric Ltd., 1645943 Alberta Inc. and 101200672 Saskatchewan Ltd. · creditor: GE VFS Canada Limited Partnership · currency: CAD · security: Registered security interest
- secured creditorsnote: Amount not stated · page: 2 · debtor: Concept Electric Ltd., 1645943 Alberta Inc. and 101200672 Saskatchewan Ltd. · creditor: Shaw GMC Chevrolet Buick Inc. · currency: CAD · security: Registered security interest
- secured creditorsnote: Amount not stated · page: 2 · debtor: Concept Electric Ltd., 1645943 Alberta Inc. and 101200672 Saskatchewan Ltd. · creditor: Summit Acceptance Corp · currency: CAD · security: Registered security interest
- secured creditorsnote: Amount not stated · page: 2 · debtor: Concept Electric Ltd., 1645943 Alberta Inc. and 101200672 Saskatchewan Ltd. · creditor: Roynat Inc. · currency: CAD · security: Registered security interest
- secured creditorsnote: Amount not stated (a much smaller amount for CBSC Capital Inc. appears separately as an unsecured trade claim on Appendix A) · page: 2 · debtor: Concept Electric Ltd., 1645943 Alberta Inc. and 101200672 Saskatchewan Ltd. · creditor: CBSC Capital Inc. · currency: CAD · security: Registered security interest
- secured creditorsnote: Amount not stated · page: 2 · debtor: Concept Electric Ltd., 1645943 Alberta Inc. and 101200672 Saskatchewan Ltd. · creditor: Enterprise Fleet Management Canada Inc. · currency: CAD · security: Registered security interest
- secured creditorsnote: Amount not stated · page: 2 · debtor: Concept Electric Ltd., 1645943 Alberta Inc. and 101200672 Saskatchewan Ltd. · creditor: Meridian Onecap Credit Corp. · currency: CAD · security: Registered security interest
- secured creditorsnote: Amount not stated (a much smaller amount appears separately as unsecured trade claim on Appendix A) · page: 2 · debtor: Concept Electric Ltd., 1645943 Alberta Inc. and 101200672 Saskatchewan Ltd. · creditor: Great Canada Financial Services Inc. · currency: CAD · security: Registered security interest
- secured creditorsnote: Amount not stated · page: 2 · debtor: Concept Electric Ltd., 1645943 Alberta Inc. and 101200672 Saskatchewan Ltd. · creditor: Intact Insurance Company · currency: CAD · security: Registered security interest
- secured creditorsnote: Amount not stated · page: 2 · debtor: Concept Electric Ltd., 1645943 Alberta Inc. and 101200672 Saskatchewan Ltd. · creditor: Atco Structures & Logistics Ltd. · currency: CAD · security: Registered security interest
- secured creditorsnote: Amount not stated (a much larger amount for 'EECOL ELECTRIC LTD.' appears separately as unsecured trade claim on Appendix A) · page: 2 · debtor: Concept Electric Ltd., 1645943 Alberta Inc. and 101200672 Saskatchewan Ltd. · creditor: Eecol Electric ULC · currency: CAD · security: Registered security interest
- secured creditorsnote: Amount not stated · page: 2 · debtor: Concept Electric Ltd., 1645943 Alberta Inc. and 101200672 Saskatchewan Ltd. · creditor: Wesco Distribution Canada LP · currency: CAD · security: Registered security interest
- secured creditorsnote: Amount not stated; individual - possibly related party (also appears as unsecured creditor on Appendix A with a separate large amount) · page: 2 · debtor: Concept Electric Ltd., 1645943 Alberta Inc. and 101200672 Saskatchewan Ltd. · creditor: Dave Kinley · currency: CAD · security: Registered security interest
- unsecured creditorsnote: Total as stated on page 15; individual line items listed across pages 10-15 (continuation of a longer list begun in Part 1 not shown here); includes CRA - GST 451,613.00 and CRA - Source Deductions 570,634.69 as separate line items (deemed trust class) · page: 15 · basis: Listing of Creditors prepared without admission as to liability or quantum · amount: 18323615.8 · creditor: Unsecured creditors of the main entity (aggregate as reported, itemised list continuing from Part 1) · currency: CAD
- unsecured creditorsnote: Claims procedure not yet approved by the Court as of this document; creditors not required to file proof of claim at this time · page: 16 · basis: Listing of Creditors of 1645943 Alberta Inc. (Appendix B), prepared without admission as to liability or quantum · amount: 4345.86 · debtor: 1645943 Alberta Inc. · creditor: SECURITY RESOURCE GROUP INC. · currency: CAD
- unsecured creditorsnote: Total as stated on page 18; itemised list runs across pages 17-18, including WESCO SASKATOON, EECOL SASKATOON, and others; SASKATCHEWAN WCB listed as an ordinary line item at $16,543.37; claims procedure not yet approved by the Court, creditors not required to file proof of claim at this time · page: 18 · basis: Listing of Creditors of 101200672 Saskatchewan Ltd. prepared without admission as to liability or quantum · amount: 4642198.58 · debtor: 101200672 Saskatchewan Ltd. · creditor: Unsecured creditors of 101200672 Saskatchewan Ltd. (aggregate as reported, itemised list, Appendix C) · currency: CAD