Quebec · NOI
2025-11-24 Report of the Proposed Monitor (in French)
Pre-filing report · 24 November 2025 · French
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 filing4 verified
- financial positionnote: Shareholders' equity reported as ($6,367) thousand (deficit). Desjardins bank loan discharged/settled via Colabor Transaction proceeds and residual balance assigned to DLR; no longer shown as a liability at this date. · page: 10 · as at: 2025-10-18 · basis: non audité (unaudited); current items (cash, accounts receivable, inventory, accounts payable, wages/vacation payable) taken directly from the accounting system, long-term items estimated based on latest available information · scope: entity-level, Groupe Mayrand Alimentation inc. only (not consolidated with Alimplus/Tout-Prêt, which were sold in the Colabor Transaction) · currency: CAD · total assets: 34390000 · total liabilities: 40758000
- secured creditorsnote: Original term loan of $7.0M plus capitalized interest of $2.7M = $9.752M balance as at 18/28 October 2025. No amount was repaid to IQ from the Colabor Transaction proceeds; second-ranking behind DLR. · page: 10 · as of: 2025-10-28 · amount: 9752000 · debtor: Groupe Mayrand Alimentation inc. · creditor: Investissement Québec (IQ) · currency: CAD · security: Hypothèque mobilière universelle de deuxième rang sans dépossession sur l'universalité des biens de Mayrand
- secured creditorsnote: Related party: DLR is the ultimate beneficial owner and sole director of Mayrand. Claim originates from assignment by Desjardins of the residual balance of its loan (originally $6,533,141 as of 2025-06-03, the Colabor Transaction closing date) following the Colabor asset sale. Balance reported as $6,500K (thousands) in the debtor's list of creditors as at NOI filing date 2025-10-28. · page: 11 · as of: 2025-10-28 · amount: 6500000 · debtor: Groupe Mayrand Alimentation inc. · creditor: Daniel Le Rossignol (DLR) · currency: CAD · security: Hypothèque mobilière universelle de premier rang sans dépossession sur l'universalité des biens de Mayrand
- secured creditorsnote: Statutory priority claim distinct from ordinary 'créanciers garantis' category in the debtor's creditor list; not a conventional secured creditor by contract. · page: 11 · as of: 2025-10-28 · amount: 544000 · debtor: Groupe Mayrand Alimentation inc. · creditor: Employés (créance garantie en vertu de l'art. 81.3 LFI) · currency: CAD · security: Statutory charge under s.81.3 BIA (up to $2,000 per employee) on unpaid wages/vacation for 272 employees