Ontario · Foreign recognition (CCAA)
Information Officer's Fourth Report
Court officer report · 8 May 2018
What we verified from this filing3 verified · 1 withheld
- financial positionnote: Document states: 'Takata has no assets (other than retainers with professionals, including counsel) or operations in Canada'; also references a USD 1.588 billion purchase price for the Global Transaction and a USD $850 million DOJ Restitution Order obligation, but these are transaction/settlement values, not a stated financial position of assets and liabilities. · basis: Statement made in narrative report, not audited financial statement · scope: Takata's Canadian operations · currency: USD
- operational summaryTakata completed the Global Transaction on April 10, 2018, transferring substantially all non-PSAN Inflator assets worldwide to KSS, while continuing to face significant liabilities related to PSAN Inflators and Canadian litigation; Takata has no assets or operations in Canada aside from professional retainers.
- report noFourth Report
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.