Ontario · NOI
Motion Record, returnable July 9, 2025
Application / notice of application · 9 July 2025
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What we verified from this filing7 verified
- applicantWEBOOOOK INFORMATION TECHNOLOGY LTD. OF THE CITY OF MARKHAM IN THE PROVINCE OF ONTARIO
- courtSUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
- court file noBK-25-03237660-0031
- provinceONTARIO
- financial positionnote: Affidavit states approximately $15.4 million in liabilities, of which approximately $1.95 million is secured debt; no total assets figure provided in the document. · page: 23 · as at: 2025-07-04 · basis: management estimate (CEO affidavit) · scope: entity - Webooook Information Technology Ltd. only (not consolidated HongMall Group) · currency: CAD · total liabilities: 15400000
- secured creditorsnote: Outstanding balance is an estimate as of the date of swearing the affidavit. Three shareholders jointly guaranteed $1,000,000 of the loan (personal guarantors - names not reported here), with the remainder guaranteed by Export Development Canada (EDC). · page: 23 · as of: 2025-07-04 · amount: 1950000 · debtor: Webooook Information Technology Ltd. · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: General security agreement granting a first-ranking security interest over all of the Company's property, securing two credit facilities: (i) term loan facility limit of $2,800,000, and (ii) credit card facility limit of $60,000 (facility limits, not balances), extended under EDC's Trade Expansion Lending Program
- secured creditorsnote: Affidavit states the Company has seven secured creditors, one of which is RBC and the others are equipment or motor vehicle financiers per the PPSA Report; individual registered amounts not stated in the document, so not summed. · page: 23 · debtor: Webooook Information Technology Ltd. · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: Registered PPSA security interests, primarily purchase-money security interests over serialized/leased equipment and motor vehicles (e.g., mobile industrial robots); components include Mercedes-Benz Financial, Meridian OneCap Credit Corp., Honda Canada Finance Inc., De Lage Landen Financial Services Canada Inc., Accord CapX LLC, and Rosenthal & Rosenthal Midwest Inc.