Saskatchewan · Receivership (court-appointed)
First Report of the Interim Receiver and Administrator
Court officer report · 5 April 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 filing5 verified
- financial positionnote: Asset Summary and Liability Summary presented 'as at February 21, 2024 (unless otherwise indicated)'; total liabilities include unsecured trade creditors of $8,327,327 (~150 creditors) and secured creditors Trisura and Bell International Trucks with amounts owing unknown (shown as nil); no priority CRA claims asserted as at report date · page: 6 · as at: 2024-02-21 · basis: unaudited internal/internally prepared financial statements of the Company, not audited, reviewed or verified by the IR Administrator; individual line items dated variously (AR balances as at March 13, 2024; capital assets and BDC liability per internal financials as at December 31, 2023; investments per internal financials as at December 31, 2023) · scope: entity-level - miEnergy Inc. only (does not include miEnergy North America Inc. or miEnergy North America LP, which are carried as an investment) · currency: CAD · total assets: 2995984 · total liabilities: 11796383
- secured creditorsnote: Balance owing as at January 19, 2024 per the Affidavit of Sacha Kim dated February 15, 2024 · page: 6 · as of: 2024-01-19 · amount: 2175953 · debtor: miEnergy Inc. · creditor: Royal Bank of Canada · currency: CAD
- secured creditorsnote: Based on the Company's internally prepared financial statements as at December 31, 2023 · page: 6 · as of: 2023-12-31 · amount: 1293103 · debtor: miEnergy Inc. · creditor: Business Development Bank of Canada · currency: CAD
- secured creditorsnote: Amount owing to Trisura is unknown; listed as $0/nil in liability summary but stated as unknown in notes · page: 6 · as of: 2024-02-21 · debtor: miEnergy Inc. · creditor: Trisura Guarantee Insurance Company · currency: CAD · security: General security agreement registration in the Saskatchewan Personal Property Security Registry (blanket all-property)
- secured creditorsnote: Bell International Trucks has serialized goods registration; amount owing to BIT is unknown; listed as $0/nil in liability summary but stated as unknown in notes · page: 6 · as of: 2024-02-21 · debtor: miEnergy Inc. · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: Serialized goods registration (PMSI) in the Saskatchewan Personal Property Security Registry