Ontario · Bankruptcy

Creditors Package

Meeting materials · 6 October 2022

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financial positionnote: Total unsecured creditors stated as $6,145,550.00 (including balance of secured claims per list B of $4,741,000.00); secured creditors per list B stated as $219,000.00; preferred creditors nil; contingent/trust claims nil; deficiency of $6,145,550.00; surplus NIL · page: 2 · as at: 2022-10-06 · basis: Statement of Affairs (Business Bankruptcy) as stated and estimated by the officer · scope: entity (CNS Iron Fabrication Ltd.) · currency: CAD · total assets: 219000 · total liabilities: 6364550
secured creditorsnote: Deemed trust class claim listed as secured · page: 3 · as of: 2022-10-06 · amount: 79000 · debtor: CNS Iron Fabrication Ltd. · creditor: CRA - Tax - Ontario (861536589 RP0001) · currency: CAD
secured creditorsnote: Also listed as unsecured creditor for a separate, larger claim of $3,991,000.00 (see unsecured list); this entry reflects the secured portion · page: 3 · as of: 2022-10-06 · amount: 140000 · debtor: CNS Iron Fabrication Ltd. · creditor: Royal Bank of Canada · currency: CAD
secured creditorsnote: Amount not stated in secured list; same individuals also listed as unsecured creditors for $750,000.00 (possible bifurcated claim) · page: 3 · as of: 2022-10-06 · debtor: CNS Iron Fabrication Ltd. · creditor: Salvatore Castelli Jr. and Congetta Bove · currency: CAD
unsecured creditorspage: 3 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 21 · debtor: CNS Iron Fabrication Ltd. · creditor: Bell Canada Conf. 1701296 · currency: CAD
unsecured creditorspage: 3 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 449 · debtor: CNS Iron Fabrication Ltd. · creditor: BL Lift Truck Service Ltd. · currency: CAD
unsecured creditorspage: 3 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 8591 · debtor: CNS Iron Fabrication Ltd. · creditor: Bolts Plus · currency: CAD
unsecured creditorspage: 3 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 84 · debtor: CNS Iron Fabrication Ltd. · creditor: Caliber Industrial Supply Co. Ltd. · currency: CAD
unsecured creditorspage: 3 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 323 · debtor: CNS Iron Fabrication Ltd. · creditor: 407 ETR · currency: CAD
unsecured creditorspage: 3 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 450000 · debtor: CNS Iron Fabrication Ltd. · creditor: Claeys Family Holdings · currency: CAD
unsecured creditorsnote: Deemed trust class claim · page: 3 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 131600 · debtor: CNS Iron Fabrication Ltd. · creditor: CRA - Tax - Ontario (861536589 RT0001) · currency: CAD
unsecured creditorspage: 3 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 158493 · debtor: CNS Iron Fabrication Ltd. · creditor: Crawford Metal · currency: CAD
unsecured creditorspage: 3 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 650 · debtor: CNS Iron Fabrication Ltd. · creditor: CWB Group · currency: CAD
unsecured creditorspage: 3 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 1424 · debtor: CNS Iron Fabrication Ltd. · creditor: D & D Custom Rolling Service Inc. · currency: CAD
unsecured creditorspage: 3 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 9953 · debtor: CNS Iron Fabrication Ltd. · creditor: Cintas Canada Ltd. · currency: CAD
unsecured creditorspage: 3 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 290 · debtor: CNS Iron Fabrication Ltd. · creditor: Active Metal Finishing · currency: CAD
unsecured creditorspage: 3 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 596 · debtor: CNS Iron Fabrication Ltd. · creditor: Algood · currency: CAD
unsecured creditorspage: 3 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 232 · debtor: CNS Iron Fabrication Ltd. · creditor: Applied Industrial Technologes · currency: CAD
unsecured creditorspage: 4 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 416 · debtor: CNS Iron Fabrication Ltd. · creditor: Mac Air Compressor Ltd. · currency: CAD
unsecured creditorspage: 4 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 8847 · debtor: CNS Iron Fabrication Ltd. · creditor: Fastenal Canada Ltd. · currency: CAD
unsecured creditorspage: 4 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 4585 · debtor: CNS Iron Fabrication Ltd. · creditor: Dayton Superior Corp. · currency: CAD
unsecured creditorspage: 4 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 12629 · debtor: CNS Iron Fabrication Ltd. · creditor: Del Metals · currency: CAD
unsecured creditorspage: 4 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 1119 · debtor: CNS Iron Fabrication Ltd. · creditor: Direct Air Systems · currency: CAD
unsecured creditorspage: 4 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 475 · debtor: CNS Iron Fabrication Ltd. · creditor: DVL Freight Systems · currency: CAD
unsecured creditorspage: 4 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 6939 · debtor: CNS Iron Fabrication Ltd. · creditor: E M Electrical Services Ltd. · currency: CAD
unsecured creditorspage: 4 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 625 · debtor: CNS Iron Fabrication Ltd. · creditor: Enviro-Eze Transport · currency: CAD
unsecured creditorspage: 4 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 6155 · debtor: CNS Iron Fabrication Ltd. · creditor: Essential Landscaping Ltd. · currency: CAD
unsecured creditorspage: 4 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 101 · debtor: CNS Iron Fabrication Ltd. · creditor: Federal Express Canada Ltd. · currency: CAD
unsecured creditorsnote: Employee wage claims, potentially preferred under BIA but not designated as such in this list · page: 4 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 1 · debtor: CNS Iron Fabrication Ltd. · creditor: Former Employees of CNS Iron Fabrication Ltd. · currency: CAD
unsecured creditorspage: 4 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 158 · debtor: CNS Iron Fabrication Ltd. · creditor: General Compressors Ltd. · currency: CAD
unsecured creditorspage: 4 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 37380 · debtor: CNS Iron Fabrication Ltd. · creditor: GNR Fabrication · currency: CAD
unsecured creditorspage: 4 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 17655 · debtor: CNS Iron Fabrication Ltd. · creditor: Halfway Fabrication Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 6664 · debtor: CNS Iron Fabrication Ltd. · creditor: Hudson Contracting · currency: CAD
unsecured creditorspage: 4 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 25181 · debtor: CNS Iron Fabrication Ltd. · creditor: J.B. Frey Limited · currency: CAD
unsecured creditorspage: 4 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 250718 · debtor: CNS Iron Fabrication Ltd. · creditor: Kimko Steel Sales Ltd. · currency: CAD
unsecured creditorspage: 4 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 9509 · debtor: CNS Iron Fabrication Ltd. · creditor: Kova Engineering · currency: CAD
unsecured creditorspage: 4 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 630 · debtor: CNS Iron Fabrication Ltd. · creditor: Lemmer Spray Systems · currency: CAD
unsecured creditorspage: 5 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 15197 · debtor: CNS Iron Fabrication Ltd. · creditor: Mckinnon Metals · currency: CAD
unsecured creditorsnote: Provincial tax authority; not designated deemed trust in this listing · page: 5 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 17911 · debtor: CNS Iron Fabrication Ltd. · creditor: Ministry Of Finance · currency: CAD
unsecured creditorspage: 5 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 11983 · debtor: CNS Iron Fabrication Ltd. · creditor: MSS Steel · currency: CAD
unsecured creditorspage: 5 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 6135 · debtor: CNS Iron Fabrication Ltd. · creditor: National Concrete Accessories · currency: CAD
unsecured creditorspage: 5 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 299 · debtor: CNS Iron Fabrication Ltd. · creditor: National Time · currency: CAD
unsecured creditorspage: 5 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 10703 · debtor: CNS Iron Fabrication Ltd. · creditor: Northco Industries Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 6316 · debtor: CNS Iron Fabrication Ltd. · creditor: O'Brien Installations Limited · currency: CAD
unsecured creditorspage: 5 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 392 · debtor: CNS Iron Fabrication Ltd. · creditor: Orkin Canada · currency: CAD
unsecured creditorspage: 5 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 791 · debtor: CNS Iron Fabrication Ltd. · creditor: PBH Transport Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 1402 · debtor: CNS Iron Fabrication Ltd. · creditor: Petro Canada · currency: CAD
unsecured creditorspage: 5 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 35646 · debtor: CNS Iron Fabrication Ltd. · creditor: Praxair Canada Inc · currency: CAD
unsecured creditorspage: 5 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 16446 · debtor: CNS Iron Fabrication Ltd. · creditor: Pure Metal Galvanizing · currency: CAD
unsecured creditorspage: 5 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 60595 · debtor: CNS Iron Fabrication Ltd. · creditor: Rockmills Welding Inc. · currency: CAD
unsecured creditorsnote: Also listed as secured creditor for a separate $140,000.00 claim; possible bifurcated secured/unsecured claim · page: 5 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 3991000 · debtor: CNS Iron Fabrication Ltd. · creditor: Royal Bank of Canada · currency: CAD
unsecured creditorspage: 5 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 655 · debtor: CNS Iron Fabrication Ltd. · creditor: Safe-Tech Training Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 170 · debtor: CNS Iron Fabrication Ltd. · creditor: Safelink Security · currency: CAD
unsecured creditorspage: 5 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 655 · debtor: CNS Iron Fabrication Ltd. · creditor: Safetek Engineering · currency: CAD
unsecured creditorsnote: Also listed among secured creditors with amount unstated; possible bifurcated secured/unsecured claim · page: 5 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 750000 · debtor: CNS Iron Fabrication Ltd. · creditor: Salvatore Castelli Jr. and Congetta Bove · currency: CAD
unsecured creditorspage: 5 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 909 · debtor: CNS Iron Fabrication Ltd. · creditor: Media Worx Technology Inc. · currency: CAD
unsecured creditorspage: 6 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 138 · debtor: CNS Iron Fabrication Ltd. · creditor: Sharp Electronics Canada · currency: CAD
unsecured creditorspage: 6 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 9227 · debtor: CNS Iron Fabrication Ltd. · creditor: Signature Paint · currency: CAD
unsecured creditorspage: 6 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 37210 · debtor: CNS Iron Fabrication Ltd. · creditor: Tianjin Rider Logistics Co., Ltd. · currency: CAD
unsecured creditorspage: 6 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 7300 · debtor: CNS Iron Fabrication Ltd. · creditor: Total Quality Logistics · currency: CAD
unsecured creditorspage: 6 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 16 · debtor: CNS Iron Fabrication Ltd. · creditor: UPS Canada · currency: CAD
unsecured creditorspage: 6 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 11621 · debtor: CNS Iron Fabrication Ltd. · creditor: Vtrans Global Logidtics · currency: CAD
unsecured creditorspage: 6 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 339 · debtor: CNS Iron Fabrication Ltd. · creditor: Work Authority · currency: CAD
unsecured creditorsnote: Wage Earner Protection Program claim · page: 6 · as of: 2022-10-06 · basis: Creditor Mailing List with claims amounting to $25 or more · amount: 1 · debtor: CNS Iron Fabrication Ltd. · creditor: Service Canada (WEPP) · currency: CAD