Ontario · NOI
First Report to Court - Appendices A to F
Court officer report · 29 April 2020
A plain-language read of this filing opens with a subscription.
What we verified from this filing4 verified
- secured creditorsnote: Registered security interest post-dates the April 10, 2020 PPSA search that identified Nor-Arc as KMW's only secured creditor. Liberty Mutual also holds contingent exposure as issuer of the $6.413M Performance Bond in favour of Georges River Energy, LLC, which it may pay out on. · page: 8 · debtor: KMW Energy Inc. · creditor: Liberty Mutual Insurance Company · currency: CAD · security: PPSA security interest registered April 17, 2020
- secured creditorsnote: Stated as approximately $2.778MM as of the Filing Date; does not include contingent liability under the Performance Bond plus interest, costs and fees as indemnitor. Legal counsel provided verbal opinion confirming valid and enforceable security, subject to standard assumptions and qualifications. Nor-Arc served Notice of Intention to Enforce Security under s.244(1) BIA on April 9, 2020; KMW waived the 10-day period. Debt and security later assigned to DIP Lender, a related party to Nor-Arc. · page: 9 · as of: 2020-04-11 (Filing Date) · amount: 2778000 · debtor: KMW Energy Inc. · creditor: 462673 Ontario Inc. operating as Nor-Arc Steel Fabricators (assigned to 2751602 Ontario Inc., the DIP Lender, a party related to Nor-Arc, per assignment agreement dated April 20, 2020) · currency: CAD · security: General security agreement dated April 12, 2011
- unsecured creditorsnote: This aggregate includes the $2.778MM owed to Nor-Arc, which is secured (see secured_creditors). The NOI does not include contingent liabilities under the Performance Bond and related Indemnity Agreements. Document names no individual unsecured creditors beyond Nor-Arc. · page: 9 · as of: 2020-04-06 · basis: NOI lists creditors with claims of $7.033MM as at April 6, 2020 · amount: 7033000 · debtor: KMW Energy Inc. · creditor: Unsecured creditors (aggregate as listed in the NOI, including Nor-Arc's secured claim) · currency: CAD
- fee scheduleengagements: form: invoice_listing · rows: · money: tax: label: HST/PST · quote: $8,064.28 · amount: 8064.28 · fees: quote: $62,032.94 · amount: 62032.94 · total: quote: $70,097.22 · amount: 70097.22 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: $0 · amount: 0 · period: end: 2020-05-31 · kind: cumulative · quote: detailing its services rendered and disbursements incurred for the period March 18, 2020 to May 31, 2020 · start: 2020-03-18 · approval: state: unstated · averages: rate: 375.05 · quote: $375.05 · currency: · invoices: tax: 5093.04 · fees: 39177.24 · quote: 9272541 | March 18, 2020 to April 29, 2020 · total: 44270.28 · period end: 2020-04-29 · average rate: 379.26 · period start: 2020-03-18 · disbursements: 0; tax: 2971.24 · fees: 22855.7 · quote: 9355142 | April 30, 2020 to May 29, 2020 · total: 25826.94 · period end: 2020-05-29 · average rate: 368.05 · period start: 2020-04-30 · disbursements: 0 · firm text: MNP Ltd. · firm quote: FIRST REPORT TO THE COURT SUBMITTED BY MNP LTD., IN ITS CAPACITY AS TRUSTEE UNDER THE NOTICE OF INTENTION TO MAKE A PROPOSAL OF KMW ENERGY INC. · hours total: quote: 165.4 · value: 165.4 · context quote: IN ITS CAPACITY AS TRUSTEE UNDER THE NOTICE OF INTENTION TO MAKE A PROPOSAL OF KMW ENERGY INC.; form: time_summary · rows: Jessie Hue; Michael Litwack; Sheldon Title; Akhil Kapoor; Matthew Lem; fees: 41586.6 · hours: 103.3 · quote: TOTAL | TOTAL | 103.3 | $ 41,586.60 · row kind: subtotal · rate kind: standard · name as stated: TOTAL · money: fees: quote: $ 41,586.60 · amount: 41586.6 · approximate: false · period: end: 2020-04-29 · kind: invoice · quote: March 18, 2020 to April 29, 2020 · start: 2020-03-18 · approval: state: unstated · averages: · currency: · invoices: · firm text: MNP Ltd. · firm quote: FIRST REPORT TO THE COURT SUBMITTED BY MNP LTD., IN ITS CAPACITY AS TRUSTEE UNDER THE NOTICE OF INTENTION TO MAKE A PROPOSAL OF KMW ENERGY INC. · hours total: quote: 103.3 · value: 103.3 · context quote: IN ITS CAPACITY AS TRUSTEE UNDER THE NOTICE OF INTENTION TO MAKE A PROPOSAL OF KMW ENERGY INC.; form: time_summary · rows: Jessie Hue; Sheldon Title; Akhil Kapoor; Robbie Epstein; fees: 22855.7 · hours: 62.1 · quote: TOTAL | TOTAL | 62.10 | $ 22,855.70 · row kind: subtotal · rate kind: standard · name as stated: TOTAL · money: fees: quote: $ 22,855.70 · amount: 22855.7 · approximate: false · period: end: 2020-05-29 · kind: invoice · quote: April 30, 2020 to May 29, 2020 · start: 2020-04-30 · approval: state: unstated · averages: · currency: · invoices: · firm text: MNP Ltd. · firm quote: FIRST REPORT TO THE COURT SUBMITTED BY MNP LTD., IN ITS CAPACITY AS TRUSTEE UNDER THE NOTICE OF INTENTION TO MAKE A PROPOSAL OF KMW ENERGY INC. · hours total: quote: 62.10 · value: 62.1 · context quote: IN ITS CAPACITY AS TRUSTEE UNDER THE NOTICE OF INTENTION TO MAKE A PROPOSAL OF KMW ENERGY INC.; form: time_summary · rows: Caitlin Fell; Christopher McGoey · money: approximate: false · period: end: 2020-06-17 · kind: cumulative · label: Billing Summary · quote: May 1, 2020 - June 17, 2020 · start: 2020-05-01 · approval: state: unstated · averages: rate: 482.77 · quote: The Billing Summary indicates an average hourly rate of $482.77. · currency: · invoices: · firm text: Weisz Fell Kour LLP · firm quote: I am an executive legal assistant with the law firm Weisz Fell Kour LLP · hours total: quote: Total Hours: | 13.7 · value: 13.7 · context quote: I am an executive legal assistant with the law firm Weisz Fell Kour LLP ('WFK') · context unverified: true