Alberta · Receivership (court-appointed)
Receiver's First Report Filed December 6, 2016
Court officer report · 6 December 2016
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What we verified from this filing14 verified
- courtCOURT OF QUEEN'S BENCH OF ALBERTA
- court file no1603 10663
- applicantRoyal Bank of Canada
- appointeeGrant Thornton Limited
- appointee roleReceiver and Manager
- commencement date19 September 2016
- secured creditorsnote: Total claim as summarized in Receiver's table; opinion on validity/enforceability of RBC Security pending from counsel. · page: 9 · amount: 5770000 · debtor: Elan Mechanical Consultants Ltd., J.S.L. Mechanical Installations Ltd., J.S.L. Maintenance and Services Ltd., NWT Mechanical Specialties Ltd., Lower Arctic Holding Ltd. · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: General Security Agreement and Land Charge, registered June 6, 2006 over all assets
- secured creditorsnote: Amount listed as nil; determined no equity, both photocopiers released. · page: 9 · amount: 0 · debtor: Companies (Elan/JSL/NMS group) · creditor: Xerox Canada Ltd. · currency: CAD · security: Specific photocopying equipment (leased)
- secured creditorsnote: Amount stated as 'Unknown'; Receiver requested payout statement from Caterpillar, unable to determine equity without it. · page: 9 · debtor: Companies (Elan/JSL/NMS group) · creditor: Caterpillar Financial Services Limited · currency: CAD · security: 2012 Caterpillar 924H, VIN CAT0924HHHXC03230 (leased loader)
- secured creditorsnote: Amount listed as nil; determined limited equity, vehicles released, HRH issued cheque to Receiver for $12,041 from sale. · page: 9 · amount: 0 · debtor: Companies (Elan/JSL/NMS group) · creditor: Hay River Heavy Truck Sales Ltd. (formerly Kingland Ford Sales Ltd.) · currency: CAD · security: Seven leased Ford vehicles (VINs listed)
- secured creditorsnote: Amount listed as nil; no equity in vehicles per payout statements, vehicles released to FCCL. · page: 9 · amount: 0 · debtor: J.S.L. Mechanical Installations Ltd. · creditor: Ford Credit Canada Limited (FCCL) · currency: CAD · security: Four leased Ford vehicles (VINs listed)
- unsecured creditorsnote: Preferred/super-priority claim; approximate figure, not a proven claim. · page: 10 · basis: Receiver's estimate of potential WEPPA super priority claim · amount: 40000 · debtor: Companies (approximately 20 employees) · creditor: WEPPA (employee wage claimants) · currency: CAD
- unsecured creditorsnote: Deemed trust/quasi-governmental claim class (GST outstanding); Receiver unaware of any amounts owing for unremitted source deductions. · page: 11 · basis: CRA contacted Receiver regarding GST outstanding · amount: 6000 · debtor: Elan Mechanical Consultants Ltd. · creditor: Canada Revenue Agency (CRA) · currency: CAD
- unsecured creditorsnote: Approximate figure per Companies' books and records; document names no individual creditors; Receiver has not undertaken a process to prove claims. · page: 11 · basis: Books and records of the Companies identified unsecured claims of approximately $1.8 million as shown in Exhibit 2 · amount: 1800000 · debtor: Elan Mechanical Consultants Ltd., J.S.L. Mechanical Installations Ltd., J.S.L. Maintenance and Services Ltd., NWT Mechanical Specialties Ltd., Lower Arctic Holding Ltd. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD