Receivership (court-appointed)
Form 87 – Notice and Statement of Receiver
Notice to creditors · 9 October 2020
Also filed as: Form 87 – Notice and Statement of Receiver
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What we verified from this filing29 verified
- appointeeMNP Ltd.
- appointee roleReceiver
- commencement date1 October 2020
- financial positionnote: Total of secured and unsecured creditors stated as '$unknown' on p.4; subtotal of unsecured creditors reported as $7,458,010.08; all NII's assets are subject to registered security interests per document note on p.1 · page: 1 · basis: Values obtained from the Statement of Affairs filed by NII in the bankruptcy proceedings (per Notes to asset table) · scope: National Importers Inc. (entity level) · currency: CAD · total assets: 42233
- statutory basisSubsection 245(1) of the Bankruptcy and Insolvency Act (Canada)
- secured creditorsnote: Listed as secured PPSA charge holder on p.2; Appendix A (p.4) also lists this creditor at $2,955,519.00 but under 'Unsecured' creditor type header - classification inconsistency in document; treated as secured per p.2 statutory charge table. · page: 2 · amount: 2955519 · debtor: National Importers Inc. · creditor: DCD Design & Manufacturing Ltd. · currency: CAD · security: PPSA
- secured creditorsnote: Amount stated as 'Unknown' in charge holders table. · page: 2 · debtor: National Importers Inc. · creditor: Canada Revenue Agency · currency: CAD · security: Statutory
- secured creditorsnote: Amount stated as 'Unknown' in charge holders table. · page: 2 · debtor: National Importers Inc. · creditor: Service Canada · currency: CAD · security: WEPP
- secured creditorsnote: Listed as secured PPSA charge holder on p.2 with amount $4,337,905; Appendix A (p.4) lists 'Grantham Holdings Ltd.' under 'Unsecured' creditor type at $4,320,672.00 - discrepancy in classification/amount between the two schedules in the same document. · page: 2 · amount: 4337905 · debtor: National Importers Inc. · creditor: Grantham Holdings · currency: CAD · security: PPSA
- unsecured creditorspage: 4 · basis: List of Creditors (Appendix A) as reported by Receiver · amount: 94604.97 · debtor: National Importers Inc. · creditor: BDO CANADA LLP · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors (Appendix A) as reported by Receiver · amount: 4620.94 · debtor: National Importers Inc. · creditor: CAMERON IP · currency: CAD
- unsecured creditorsnote: Nominal placeholder amount ($1.00); actual CRA statutory claim shown as Unknown elsewhere (p.2) · page: 4 · basis: List of Creditors (Appendix A) as reported by Receiver · amount: 1 · debtor: National Importers Inc. · creditor: CRA - Tax - Pacific · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors (Appendix A) as reported by Receiver · amount: 14994.62 · debtor: National Importers Inc. · creditor: Cynthia Bradley · currency: CAD
- unsecured creditorsnote: Also listed as a secured PPSA charge holder on p.2 for the same amount; document lists it here under 'Unsecured' creditor type - likely a labelling inconsistency · page: 4 · basis: List of Creditors (Appendix A) as reported by Receiver · amount: 2955519 · debtor: National Importers Inc. · creditor: DCD Design & Manufacturing Ltd. · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors (Appendix A) as reported by Receiver · amount: 1730.77 · debtor: National Importers Inc. · creditor: Frederick Monis · currency: CAD
- unsecured creditorsnote: Also listed as a secured PPSA charge holder on p.2 with a slightly different amount ($4,337,905); document lists it here under 'Unsecured' creditor type - likely a labelling inconsistency · page: 4 · basis: List of Creditors (Appendix A) as reported by Receiver · amount: 4320672 · debtor: National Importers Inc. · creditor: Grantham Holdings Ltd. · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors (Appendix A) as reported by Receiver · amount: 1 · debtor: National Importers Inc. · creditor: Group Health · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors (Appendix A) as reported by Receiver · amount: 11327.25 · debtor: National Importers Inc. · creditor: GS1 CANADA · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors (Appendix A) as reported by Receiver · amount: 3461.54 · debtor: National Importers Inc. · creditor: Mary Sonke · currency: CAD
- unsecured creditorsnote: Nominal placeholder amount · page: 4 · basis: List of Creditors (Appendix A) as reported by Receiver · amount: 1 · debtor: National Importers Inc. · creditor: Ministry of Finance - PST - British Columbia · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors (Appendix A) as reported by Receiver · amount: 20769.23 · debtor: National Importers Inc. · creditor: Murray Bell · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors (Appendix A) as reported by Receiver · amount: 3781 · debtor: National Importers Inc. · creditor: NEWS AMERICA MARKETING · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors (Appendix A) as reported by Receiver · amount: 16130.77 · debtor: National Importers Inc. · creditor: Nghi Tu · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors (Appendix A) as reported by Receiver · amount: 690.2 · debtor: National Importers Inc. · creditor: NORTON ROSE FULBRIGHT · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors (Appendix A) as reported by Receiver · amount: 6307.69 · debtor: National Importers Inc. · creditor: Ryan Hilts · currency: CAD
- unsecured creditorsnote: Nominal placeholder amount ($1.00); also listed as secured WEPP charge holder on p.2 with amount Unknown · page: 4 · basis: List of Creditors (Appendix A) as reported by Receiver · amount: 1 · debtor: National Importers Inc. · creditor: Service Canada · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors (Appendix A) as reported by Receiver · amount: 3269.23 · debtor: National Importers Inc. · creditor: Sumit Nandha · currency: CAD
- unsecured creditorsnote: Nominal placeholder amount · page: 4 · basis: List of Creditors (Appendix A) as reported by Receiver · amount: 1 · debtor: National Importers Inc. · creditor: WorkSafeBC - Collections Department · currency: CAD
- unsecured creditorspage: 4 · basis: List of Creditors (Appendix A) as reported by Receiver · amount: 125.87 · debtor: National Importers Inc. · creditor: AUTOMATION ONE · currency: CAD