Quebec · Receivership (court-appointed)
Notice and Statement of the Receiver
Notice to creditors · 22 November 2024
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing43 verified
- financial positionnote: Estimated realizable value expected to be significantly lower than estimated book value of $13.2M; secured creditors estimated at $19,535,897 and unsecured creditors estimated at $2,272,605 per Notice and Statement of the Receiver, but no combined total liabilities figure is stated · page: 1 · as at: 2024-10-28 · basis: unaudited internal books and records of the Company (book value) · scope: Fermetco Inc. (entity level) · currency: CAD · total assets: 13152000
- secured creditorsnote: Listed as separate line item from RBC's CAD-denominated facility below · page: 5 · as of: 2024-11-12 · amount: 7207180.39 · debtor: Fermetco Inc. · creditor: Royal Bank of Canada · currency: CAD · security: Security on the Property; debt originally USD 5,185,021.86 converted to CAD at rate 1.39 per Note 1
- secured creditorsnote: Separate CAD-denominated facility from the USD facility listed above · page: 5 · as of: 2024-11-12 · amount: 7396661.26 · debtor: Fermetco Inc. · creditor: Royal Bank of Canada · currency: CAD · security: Security on the Property
- secured creditorspage: 5 · as of: 2024-11-12 · amount: 3116856.16 · debtor: Fermetco Inc. · creditor: Fonds de Solidarité du Québec FSTQ · currency: CAD · security: Security on the Property
- secured creditorsnote: Aggregates Xerox Canada Ltée ($698.88), Pitney Bowes Leasing ($132.88), VW Leasing Canada ($1.00), and BMW Canada Inc. ($1.00) per Appendix A · page: 5 · as of: 2024-11-12 · amount: 833.76 · debtor: Fermetco Inc. · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: Serialized-equipment security interests
- secured creditorsnote: Same address as Fermetco (100-1300, 55e avenue) — appears to be a related party · page: 5 · as of: 2024-11-12 · amount: 1814365.04 · debtor: Fermetco Inc. · creditor: Garrich Holdings · currency: CAD · security: Security on the Property
- unsecured creditorspage: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 1371.08 · debtor: Fermetco Inc. · creditor: CFT CANADA · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 46278.13 · debtor: Fermetco Inc. · creditor: Coface · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 1082.38 · debtor: Fermetco Inc. · creditor: Coop Edgar · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 150.12 · debtor: Fermetco Inc. · creditor: Delmar International Inc · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 4205.86 · debtor: Fermetco Inc. · creditor: Depart Transport Inc. · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 1 · debtor: Fermetco Inc. · creditor: Dream Industrial LP · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 2425.95 · debtor: Fermetco Inc. · creditor: Dsquare Logistics Inc. · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 2880.81 · debtor: Fermetco Inc. · creditor: Emballages Keypak Montreal Inc. · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 67.48 · debtor: Fermetco Inc. · creditor: Energir/Gaz Met · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 3551.09 · debtor: Fermetco Inc. · creditor: Enviro Connexions · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 45591.94 · debtor: Fermetco Inc. · creditor: Federal Express · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 1322.22 · debtor: Fermetco Inc. · creditor: Fibrenoire · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 173701.72 · debtor: Fermetco Inc. · creditor: HUB International · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 399.77 · debtor: Fermetco Inc. · creditor: Hydro-Quebec · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 287.44 · debtor: Fermetco Inc. · creditor: Lognet · currency: CAD
- unsecured creditorsnote: Provincial tax authority - potential deemed-trust class claim, nominal amount shown · page: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 1 · debtor: Fermetco Inc. · creditor: Ministère du Revenu du Québec · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 679.36 · debtor: Fermetco Inc. · creditor: Mint'n Dry · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 16914 · debtor: Fermetco Inc. · creditor: Mitchel-Lincoln · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 224.4 · debtor: Fermetco Inc. · creditor: Mon Velo · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 200000 · debtor: Fermetco Inc. · creditor: Panoply Media Innovation · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 114.98 · debtor: Fermetco Inc. · creditor: PitneyWorks · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 1722.51 · debtor: Fermetco Inc. · creditor: PUROLATOR INC. · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 399 · debtor: Fermetco Inc. · creditor: Shanghai PDYEAR Co,Ltd · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 2022.12 · debtor: Fermetco Inc. · creditor: SICA · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 75.61 · debtor: Fermetco Inc. · creditor: Starship Logistique · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 7743.01 · debtor: Fermetco Inc. · creditor: Transport SLD Inc · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 4288.17 · debtor: Fermetco Inc. · creditor: ULINE · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 44845.36 · debtor: Fermetco Inc. · creditor: YongKang Mingda Imp.&Exp. Co., Ltd · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 1615862.11 · debtor: Fermetco Inc. · creditor: Zhejiang Xingyue Overfly Electric Vehicle · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 114.08 · debtor: Fermetco Inc. · creditor: Zodiac Impex inc · currency: CAD
- unsecured creditorsnote: Preferred claim (employee wages) - listed separately from ordinary trade unsecured creditors · page: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 24677.17 · debtor: Fermetco Inc. · creditor: Employees · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 581.96 · debtor: Fermetco Inc. · creditor: WEX Canada Ltd. · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 10072.98 · debtor: Fermetco Inc. · creditor: 18 Wheels Logistics Limited Partnership · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 1 · debtor: Fermetco Inc. · creditor: 9494-2190 Québec inc. · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 54409.62 · debtor: Fermetco Inc. · creditor: Agence Creative Leeroy Inc. · currency: CAD
- unsecured creditorspage: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 4538.53 · debtor: Fermetco Inc. · creditor: Call2Recycle Canada, Inc · currency: CAD
- unsecured creditorsnote: Federal tax authority - potential deemed-trust class claim, nominal amount shown · page: 5 · as of: 2024-11-12 · basis: Preliminary list of creditors as prepared from the records of the Company, without admission as to liability · amount: 1 · debtor: Fermetco Inc. · creditor: Canada Revenue Agency · currency: CAD