10.1 The Receiver submits this Report to the Court in support of its application to the Court for:
10.1.1 Summary approval of the accounts of the Receiver and the Receiver’s counsel;
10.1.2 Approval to distribute surplus cash, and to assign other amounts receivable to ISCU and BMO, as set out above;
10.1.3 Discharge of the Receiver in respect of the Receivership Discharge Companies;
and
10.1.4 Discharge of the Trustee in respect of the Bankruptcy Discharge Companies.
This report is respectfully submitted this November 26, 2014.
PricewaterhouseCoopers Inc.
Court Appointed Receiver of
The Johel Receivership Group of Companies
Richard D. Pallen
Senior Vice President
Summary of Johel Group Entities and Status
Summary of Johel Group Entities and Status
CCAA Receivership Bankruptcy
Petitioner Status Status Appointing
Creditor
Proposed Discharge
Company
Status Trustee
Proposed Discharge
Company
505396 B.C. Ltd.
Terminated
Receiver BDC/ISCUD.S. Johel Industries Ltd.
Terminated
Receiver BDC/ISCUJBC Holdings Ltd.
Terminated
Receiver BDC/ISCUCougar Services Ltd.
Terminated
Receiver BDC/ISCU Bankrupt PwCCougar Crushing & Screening Ltd.
Terminated
Rec Mgr RBC
Bankrupt Hayes McNeillCowichan Valley Contracting Ltd.
Terminated
Rec Mgr RBC
Island Excavating Ltd.
Terminated
Rec Mgr RBC Bankrupt PwCJohel Brothers Contracting Ltd.
Terminated
Rec Mgr RBC
Bankrupt PwC
Johel Brothers Construction Corporation
Terminated
Rec Mgr RBC
Bankrupt PwC
Cowichan Valley Concrete Ltd.
Terminated
Rec Mgr BMO
Bankrupt PwC
Cowichan Lake Concrete Ltd.
Terminated
Rec Mgr BMO
Bankrupt PwC
Johel Investments Ltd.
Terminated
Receiver Maynards0716973 B.C. Ltd.
Terminated
Cowichan Lake Development Corporation
Terminated
Davinco Industries Ltd.Terminated
Windchime Developments Inc.Terminated
Summary of Secured Claims Paid
Total 505396 B.C. Ltd
-Business Development Bank of Canada 915,534.84 35.39 12,015.49 32,940.43 789,540.21 11,276.05 5,350.01 - 1,902.92 32,168.93 30,302.71 - 2.68
Business Development Bank of Canada - Equipment Use 38,452.00 - 16,796.94 376.28 29.57 3,526.53 4,013.68 393.01 799.67 12,516.33 - -
-Canada Revenue Agency 627,299.35 - 51,211.88 26,394.10 137,056.57 43,802.70 29,198.66 - 216,558.63 112,124.61 10,952.20 -
-Canadian Western Bank 2,472,366.92 86.14 1,053,494.62 516,063.00 688,004.45 39,258.54 903.96 - 321.53 7,914.49 166,265.85 - 54.34
CAT Financial 182,317.11 7.94 275.31 1,049.63 33,308.22 455.21 83.29 - 29.62 729.21 146,378.48 - 0.20
Estate of DS Johel 116,516.64 116,516.64
Island Savings Credit Union 257,731.39 6,301.02 6,411.59 18,182.81 194,284.59 6,421.20 2,774.13 - 986.72 17,149.50 5,218.10 - 1.72
Kal Tire 1,244.34 1,244.34
Kornfeld LLP In Trust 563,552.58 - 10,119.68 26,509.71 480,002.77 8,673.56 4,670.24 - 1,661.13 27,126.20 4,787.62 - 1.67
Minister of Finance (PST) 15,706.09 15,706.09 - - -
-RBC Automotive Finance (GMAC) 31,901.03 - - - 12,477.33 19,423.70 -
-RBC Automotive Finance (Resmor Trust Company) 30,613.31 - 3,169.48 8,302.83 4,360.32 2,716.55 1,462.72 - 520.27 8,495.91 1,499.48 - 85.75
RBC Leasing 18,347.70 - 556.41 1,457.58 765.46 476.90 256.78 - 91.33 1,491.48 13,251.67 - 0.09
Royal Bank of Canada 955,000.42 3.52 9,807.38 25,837.42 14,206.69 8,503.23 4,506.68 410,846.36 1,602.96 210,093.04 269,591.46 - 1.68
VFS Canada Inc. 270,782.60 80.12 3,193.70 11,681.91 39,722.74 199,496.46 1,032.04 - 367.08 8,472.35 6,734.08 - 2.12
Wage Earners 50,063.35 - 5,628.79 1,901.86 - 4,143.40 8,568.71 - 9,209.45 15,125.38 5,485.76 -
-Wells Fargo Equipment Finance 18,282.80 - - - 18,282.80 -
-Total 6,574,181.99 22,220.22 1,172,681.25 670,697.57 2,499,042.57 337,219.86 62,820.92 411,239.37 234,051.30 465,884.75 698,173.91 - 150.27
PricewaterhouseCoopers Inc.
Monitor, Receiver or Receiver-Manager of:
The Johel Group
Summary of Secured Claims Paid as at November 24, 2014
Receiver’s Interim Statement of Receipts and Disbursements
PricewaterhouseCoopers Inc.
Receiver or Receiver-Manager of:
The Johel Group
Statement of Receipts and Disbursements For the period: October 29, 2013 to November 24, 2014
505396 B.C. Ltd Cougar
Cash at Bank 7,938.50 - 9,157.77 - 17,096.27 71,812.60 23,257.23 31,579.26 65,570.42 62,538.97 254,758.48 7,038.54 118,045.06 125,083.60 10,417.71 10,417.71 407,356.06
Letter of Credit held as Security - - - - - - - (0.00) 50,000.00 - 50,000.00 - - - - - 50,000.00
Accounts Receivable Collections 7,650.17 4,920.05 1,732.50 - 14,302.72 315,225.42 156,459.20 501,254.39 423,904.34 - 1,396,843.35 22,910.96 209,461.05 232,372.01 4,645.00 4,645.00 1,648,163.08
Post-Receivership Revenue Collections 1,929.88 730.06 16,012.90 3.13 18,675.98 234,014.14 52,837.07 11,140.15 240,517.44 120.40 538,629.19 5,354.00 59,952.87 65,306.87 8.58 8.58 622,620.62
Insurance Refund - - - - - - - - 459,546.79 171.00 459,717.79 - 1,197.13 1,197.13 - - 460,914.92
Interest 451.87 4,213.33 1,208.17 109.52 5,982.89 1,431.01 380.27 1,139.05 2,243.08 1,784.21 6,977.62 2,868.72 1,800.78 4,669.50 209.04 209.04 17,839.05
Property Tax Recovery - - 3,861.64 - 3,861.64 - - - - - - - - - - - 3,861.64
Sale of Interest in Independent Concrete Ltd. - - - - - - - - - - - 293,000.00 - 293,000.00 - - 293,000.00
Sale of Equipment 35,742.12 1,898,241.71 - 21,083.33 1,955,067.16 108,583.67 - - 196,147.47 722,460.67 1,027,191.81 660,484.18 252,770.90 913,255.08 57,759.23 57,759.23 3,953,273.28
Sale of Equipment (Caterpillar) - - - - - - - - - 173,070.00 173,070.00 - - - - - 173,070.00
Sale of Land - - 435,000.00 - 435,000.00 - - - - - - - - - - - 435,000.00
GST Collected 3,883.27 1,845.44 821.25 3,750.09 10,300.05 11,699.90 2,641.76 34,171.94 11,382.59 2,138.11 62,034.30 - 3,029.75 3,029.75 - - 75,364.10
GST Refund 3,486.68 - 2,309.31 - 5,795.99 1,202.14 2,225.23 - 1,791.21 - 5,218.58 1,657.09 2,917.02 4,574.11 1,536.74 1,536.74 17,125.42
PST Collected - 2,513.63 - - 2,513.63 - 91.74 - 6,587.81 571.22 7,250.77 745.16 4,088.07 4,833.23 - - 14,597.63
Total Receipts 61,082.49 1,912,464.22 470,103.54 24,946.07 2,468,596.33 743,968.88 237,892.50 579,284.79 1,457,691.15 977,854.58 3,996,691.89 994,058.65 653,262.63 1,647,321.28 74,576.30 74,576.30 8,187,185.80
Disbursements Employee
Contract Labour - (15,999.99) - - (15,999.99) - - (187.45) - (6,677.50) (6,864.95) - - - - - (22,864.94)
Employee Wages and Benefits - (3,812.20) - - (3,812.20) (16,635.03) (11,776.91) (50,919.72) (53,450.17) (89,701.95) (222,483.78) (23,520.58) (13,282.14) (36,802.72) - - (263,098.70)
Payroll Deductions and Employer Contributions - (1,065.52) - - (1,065.52) (3,989.59) (3,482.08) (19,386.08) (30,543.18) (29,324.65) (86,725.58) (5,587.18) (3,244.20) (8,831.38) - - (96,622.48)
WorkSafe BC Premiums - (538.62) - - (538.62) (296.76) 116.36 (2,098.93) (5,498.07) (3,316.04) (11,093.44) (718.38) (334.70) (1,053.08) - - (12,685.14)
Total Employee - (21,416.33) - - (21,416.33) (20,921.38) (15,142.63) (72,592.18) (89,491.42) (129,020.14) (327,167.75) (29,826.14) (16,861.04) (46,687.18) - - (395,271.26)
Operating
Insurance (7,050.56) - (5,127.68) (2,273.52) (14,451.76) - - - (15,318.48) (20,084.11) (35,402.59) (6,662.67) - (6,662.67) (160.24) (160.24) (56,677.26)
Intercompany Charges 57,246.73 47,483.89 (5,700.00) 24,937.50 123,968.12 (79,310.07) (13,072.60) (3,155.56) (98,874.83) 83,394.25 (111,018.81) 34,667.74 (47,617.05) (12,949.31) - - (0.00)
Operating Expenses (4,491.50) (2,188.00) (692.10) (1,075.42) (8,447.02) (22,653.38) (670.61) (5,237.35) (106,070.82) (86.55) (134,718.71) (2,497.58) (30,774.60) (33,272.18) - - (176,437.91)
Remediation Costs - - - (49,176.72) (49,176.72) - - (21,236.57) - - (21,236.57) - - - - - (70,413.29)
Total Operating 45,704.67 45,295.89 (11,519.78) (27,588.16) 51,892.62 (101,963.45) (13,743.21) (29,629.48) (220,264.13) 63,223.59 (302,376.68) 25,507.49 (78,391.65) (52,884.16) (160.24) (160.24) (303,528.46)
Professional
Legal Fees (8,170.90) (7,889.53) (24,168.03) (21,595.25) (61,823.71) (4,010.30) (2,408.65) (4,275.08) (4,008.78) (3,993.73) (18,696.54) (19,570.22) (4,761.44) (24,331.66) (3,754.58) (3,754.58) (108,606.49)
Receiver's Fees (32,662.18) (36,942.18) (21,889.68) (31,229.68) (122,723.72) (52,469.20) (30,920.08) (42,114.68) (171,414.54) (65,305.88) (362,224.38) (46,376.70) (55,563.72) (101,940.42) (24,089.68) (24,089.68) (610,978.20)
Other Professional Fees (2,353.32) (7,888.33) (1,309.22) (5,425.32) (16,976.19) (2,402.71) (1,369.03) (2,227.25) (4,088.59) (4,996.85) (15,084.43) (2,198.53) (2,156.95) (4,355.48) (1,302.87) (1,302.87) (37,718.97)
Total Professional (43,186.40) (52,720.04) (47,366.93) (58,250.25) (201,523.62) (58,882.21) (34,697.76) (48,617.01) (179,511.91) (74,296.46) (396,005.35) (68,145.45) (62,482.11) (130,627.56) (29,147.13) (29,147.13) (757,303.66)
Statutory
Advertising (1,419.13) (75.13) (75.13) (75.13) (1,644.53) (75.13) (75.13) (75.13) (1,419.13) (75.13) (1,719.66) (75.13) (75.13) (150.26) (75.13) (75.13) (3,589.58)
Bank Charges (6.56) (29.79) - (0.33) (36.68) (45.52) (28.80) (80.20) (2,148.61) (759.25) (3,062.38) (30.40) (2,181.20) (2,211.60) (6.91) (6.91) (5,317.57)
Collection Fees on Accounts Receivable Collections - - - - - - - (7,631.33) (10,840.88) - (18,472.21) - (6,446.40) (6,446.40) - - (24,918.61)
Fees Paid to Official Receiver (70.00) (220.00) (70.00) (70.00) (430.00) (70.00) (70.00) (220.00) (220.00) (220.00) (800.00) (220.00) (220.00) (440.00) (70.00) (70.00) (1,740.00)
Fees Paid to Registrar (20.00) (20.00) (20.00) (20.00) (80.00) (20.00) (20.00) (20.00) (20.00) (20.00) (100.00) (20.00) (20.00) (40.00) (20.00) (20.00) (240.00)
GST Remitted (3,739.86) (1,553.06) (1,291.22) (840.56) (7,424.70) (11,261.41) (2,945.68) (27,692.83) (7,668.22) (190.57) (49,758.71) - (3,105.12) (3,105.12) - - (60,288.53)
GST/HST Paid (ITC) (3,302.31) (2,729.65) (2,360.65) (4,848.59) (13,241.19) (3,335.98) (1,947.42) (9,802.56) (19,970.24) (6,046.78) (41,102.97) (3,900.09) (4,520.93) (8,421.02) (1,446.10) (1,446.10) (64,211.28)
PST Remitted - (2,513.63) - - (2,513.63) - (91.74) - (6,587.81) (571.22) (7,250.77) (745.16) (4,088.07) (4,833.23) - - (14,597.63)
Payment of Receiver's Certificate - - - - - - - - - (15,000.00) (15,000.00) - - - - - (15,000.00)
Interest on Payment of Receiver's Certificate (0.05) (4.31) - (0.05) (4.41) (15.92) - - - (16.82) (32.74) (5.53) - (5.53) (0.05) (0.05) (42.73)
Total Statutory (8,557.91) (7,145.57) (3,817.00) (5,854.66) (25,375.14) (14,823.96) (5,178.77) (45,522.05) (48,874.89) (22,899.77) (137,299.44) (4,996.31) (20,656.85) (25,653.16) (1,618.19) (1,618.19) (189,945.93)
Total Disbursements (6,039.64) (35,986.05) (62,703.71) (91,693.07) (196,422.47) (196,591.00) (68,762.37) (196,360.72) (538,142.35) (162,992.78) (1,162,849.22) (77,460.41) (178,391.65) (255,852.06) (30,925.56) (30,925.56) (1,646,049.31)
Intercompany Borrowings / (Advances) 38,389.90 (111,507.37) (19,026.98) 78,243.65 (13,900.80) - - 92,000.02 (70,197.49) (21,802.53) - - - - 13,900.79 13,900.79 (0.01)
Excess Receipts over Disbursements before Distributions 93,432.75 1,764,970.80 388,372.85 11,496.65 2,258,273.06 547,377.87 169,130.13 474,924.09 849,351.31 793,059.27 2,833,842.67 916,598.24 474,870.97 1,391,469.22 57,551.54 57,551.54 6,541,136.48
Statement of Receipts and Disbursements For the period: October 29, 2013 to November 24, 2014
505396 B.C. Ltd Cougar
CCAA DIP Charge (23,191.47) (153,265.39) - (5,041.62) (181,498.49) (221,831.49) (70,582.75) (20,166.50) (141,165.49) (100,832.49) (554,578.72) (50,416.25) (30,249.75) (80,666.00) (25,208.12) (25,208.12) (841,951.33)
CCAA Admin Charge (20,000.00) (20,000.00) - - (40,000.00) (30,000.00) (30,000.00) (10,000.00) (40,000.00) (30,000.00) (140,000.00) (20,000.00) (30,000.00) (50,000.00) (20,000.00) (20,000.00) (250,000.00)
Secured Claims (22,220.22) (1,562,357.63) (393.01) - (1,584,970.86) (172,681.25) (62,820.92) (180,888.46) (464,334.17) (600,841.61) (1,481,566.41) (608,231.23) (337,219.87) (945,451.10) (150.27) (150.27) (4,012,138.64)
Unsecured Claims - - - - - - (4,927.26) - - - (4,927.26) - - - - - (4,927.26)
Property Taxes (5,415.83) - - - (5,415.83) - - - - - - - (18,039.36) (18,039.36) (6,401.67) (6,401.67) (29,856.86)
Transfer to Trustee - - - - - (91,717.98) - - - - (91,717.98) - - - - - (91,717.98)
Pre-Receivership Lien Claims - - - - - (26,692.90) - (177,255.50) (44,094.18) - (248,042.58) - (664.50) (664.50) - - (248,707.08)
Pre-Receivership WorkSafe BC Premiums - (341.79) - - (341.79) (1,905.96) (799.20) (1,524.48) (1,496.71) (497.94) (6,224.29) (177.17) (253.52) (430.69) - - (6,996.77)
Total Distributions (70,827.52) (1,735,964.81) (393.01) (5,041.62) (1,812,226.97) (544,829.58) (169,130.13) (389,834.94) (691,090.55) (732,172.04) (2,527,057.24) (678,824.65) (416,427.00) (1,095,251.65) (51,760.06) (51,760.06) (5,486,295.92)
Excess Receipts over Disbursements and Distributions 22,605.23 29,005.99 387,979.84 6,455.03 446,046.09 2,548.30 0.00 85,089.15 158,260.76 60,887.22 306,785.43 237,773.60 58,443.97 296,217.57 5,791.47 5,791.47 1,054,840.56
Represented by: Cash on Hand 22,605.23 29,005.99 387,979.84 6,455.03 446,046.09 2,548.30 - 85,089.15 158,260.76 60,887.22 306,785.43 237,773.60 58,443.97 296,217.57 5,791.47 5,791.47 1,054,840.56
Financial Position Net of Intercompany Debt (15,784.67) 140,513.36 407,006.82 (71,788.62) 459,946.89 2,548.30 0.00 (6,910.87) 228,458.25 82,689.75 306,785.43 237,773.60 58,443.97 296,217.57 (8,109.32) (8,109.32)
Receiver's Fees - Not Paid
Receiver's Fees - April, 2014 (3,510.32) (4,954.07) (2,481.32) (5,342.57) (16,288.28) - - (5,269.07) - - (5,269.07) - - - (3,762.32) (3,762.32)
Receiver's Fees - May, 2014 (2,673.17) (1,822.67) (4,720.67) (5,303.42) (14,519.93) - - (4,500.17) - - (4,500.17) - - - (5,077.66) (5,077.66)
Receiver's Fees - June, 2014 (2,089.50) (3,223.50) (2,283.75) (6,032.25) (13,629.00) - - (2,110.50) - - (2,110.50) - - - (2,304.75) (2,304.75)
Receiver's Fees - July, 2014 (3,171.51) (982.26) (8,253.51) (3,938.01) (16,345.29) - - (8,621.01) - - (8,621.01) - - - (4,699.26) (4,699.26)
Receiver's Fees - August, 2014 (1,921.50) (430.50) (1,916.25) (4,152.75) (8,421.00) - - (1,533.00) - - (1,533.00) - - - (2,152.50) (2,152.50)
Receiver's Fees - September, 2014 (2,412.73) (1,782.73) (1,441.48) (3,026.98) (8,663.92) - - (2,848.48) - - (2,848.48) - - - (2,265.73) (2,265.73)
Receiver's Fees - October, 2014 (7,943.25) (813.75) (1,092.00) (2,388.75) (12,237.75) - - (887.25) - - (887.25) - - - (2,467.50) (2,467.50)
Total (23,721.98) (14,009.48) (22,188.98) (30,184.73) (90,105.17) - - (25,769.48) - - (25,769.48) - - - (22,729.72) (22,729.72)
APPENDIX D
Invoices of PwC Inc., Receiver of Cougar Crushing & Screening Ltd.
Summary of Receiver Fees
Disb. ($)
VN133701984 17-Dec-14 29-Oct-13 30-Nov-13 13,187.50 - 13,187.50 659.38 13,846.88
VN134700086 21-Jan-14 01-Dec-13 31-Dec-13 5,295.00 261.78 5,556.78 277.84 5,834.62
VN134700253 14-Feb-14 01-Jan-14 31-Jan-14 3,000.00 - 3,000.00 150.00 3,150.00
VN134700408 19-Mar-14 01-Feb-14 28-Feb-14 2,612.50 244.16 2,856.66 142.84 2,999.50
VN134700604 17-Apr-14 01-Mar-14 31-Mar-14 5,720.00 33.74 5,753.74 287.69 6,041.43
VN134700783 21-May-14 01-Apr-14 30-Apr-14 5,095.00 28.16 5,123.16 256.16 5,379.32
VN134701125 18-Jul-14 01-May-14 31-May-14 7,052.50 18.37 7,070.87 353.55 7,424.42
VN134701186 25-Jul-14 01-Jun-14 30-Jun-14 3,210.00 - 3,210.00 160.50 3,370.50
VN134701380 29-Aug-14 01-Jul-14 Completion 6,680.00 30.49 6,710.49 335.52 7,046.01
Totals 51,852.50 616.70 52,469.20 2,623.48 55,092.68
Invoice # Invoice Date Period Fees ($) Subtotal ($) GST $ Total ($)
Invoice
Fees 13,187.50
For Professional Services Rendered in our capacity as Court
CADAppointed Receiver of Cougar Crushing & Screening Ltd. for the period to November 30, 2013, as detailed in the attached schedules 1 & 2.
GST 659.38
Total due 13,846.88
PricewaterhouseCoopers Inc.
Court Appointed Receiver of Cougar Crushing & Screening Ltd.
700 - 250 Howe Street
Vancouver BC Canada V6C 3S7
PricewaterhouseCoopers Inc.
PricewaterhouseCoopers Place 250 Howe Street, Suite 700 Vancouver, BC, Canada V6C 3S7 Telephone: +1 604 806 7000 Facsimile: +1 604 806 7806
.
Contact: Michael Vermette Telephone: +1 604 806 7675 Email: [email protected]
GST registration # 86747 0486 RT0001
Invoice number: VN133701984 Account number: 60135360
Invoice date: December 17, 2013 Payment requested by: December 18, 2013
Remittance information
Electronic: HSBC, 70 York Street, Toronto, Ontario, Canada M5J 1S9 Account name: PricewaterhouseCoopers LLP
Transit no.: 10002:016 Swift code: HKBCCATT CAD account: 064871-001 USD account: 064871-070 Email payment details, including invoice number and amount paid, to: [email protected].
Cheques payable to: PricewaterhouseCoopers LLP Enclose remittance copy of invoice with payment.
Send to: PwC CAC, PwC Tower, 18 York Street, Suite 2600, Toronto, Ontario, Canada M5J 0B2
Fees Total
Hours Rate ($)
SENIOR VICE PRESIDENT
PALLEN, Rick 11.3 450 5,085.00
MANAGER
MARSHALL, Patricia 0.1 350 35.00
MATSUDA, Lucas 8.3 350 2,905.00
SENIOR ASSOCIATE
LINNEN, Blair 18.2 250 4,550.00
ADMINISTRATOR
CHAHAL, Kirandeep 4.0 150 600.00
TECHNICIAN
OR, Samantha 0.1 125 12.50
Total 42.0 13,187.50
TOTAL FEES 13,187.50
GST 659.38
TOTAL AMOUNT DUE 13,846.88
PRICEWATERHOUSECOOPERS INC.
RE:
Johel Group Receivership - Cougar Crushing & Screening Ltd.
SCHEDULE 1 - TIME ANALYSIS BY STAFF MEMBER
FOR THE PERIOD TO NOVEMBER 30, 2013
Schedule 2
Name Date Hours Description
MARSHALL PATRICIA 10/30/2013 0.1 Internal discussion & direction re: steps with internal staff, consider best approach for set up of multiple estates.
MATSUDA LUCAS 10/30/2013 0.2 meeting with marty eakins at hayes stewart in duncan; initial meeting with dave to discuss go-forward plan, meeting with employees re: receivership, contact locksmith and meet at johel office, tour site and order locks and keys, review and approve disbursements,
10/31/2013 0.5 attend company office, meeting with shop employees, get petty cash and float amounts, emt/emf/tt/tf Kathy Janzen at RBC re temporary account set up and deposits, prepare termination and rehire letters for Dave and Cindy, discussion with Danielle Scheffer re working on contract basis, make arrangements to have payroll cheques sent over from vancouver, meet with locksmith for new keys and locks
11/1/2013 0.2 attend company office, confirm and get locks changed and keys cut, distribute keys, review and approve disbursements, meetings with shop foreman,
discussions with employees re vacation pay and other matters, discucss, prepare and finalize contract for Danielle Scheffer
11/5/2013 0.7 review and approve disbursements, provide for receiver's gst numbers to be set up, emt/emf company re Dr. Green repairs and costs, send credit applications to respective contacts, tt suppliers to discuss go-forward plan,
11/6/2013 0.7 review and approve disbursements, prepare corporate registry form 7 for signature and submission
11/7/2013 0.5 review form 87, review and approve disbursements,
11/7/2013 0.1 review and approve disbursements, prepare and help with mailout to creditors 11/12/2013 0.1 review and approve disbursements
11/13/2013 0.2 tf/tt/emt/emf columbia fuels re account status since CCAA, review CCAA initial order and discussions with Columbia re same.
11/14/2013 0.5 review and approve disbursements, review auction proposals and prepare calculations and graph of net proceeds based on range of gross proceeds, tt/tf/emt/emf LMG and company re icbc change requests and payment 11/15/2013 0.2 review and approve disbursements, review A/R letters, prepare update for key
lenders on auction proposals and sale progress
11/18/2013 0.2 review and approve disbursments, conference call with key lenders to discuss auction proposals and core land sale process, draft ppsa 20-day notice for sale of assets
11/19/2013 0.2 review and approve disbursements, emt/emf company re rrsp contributions, emt/emf Jas re traffic tickets and payment, emt/emf LMG Pringle re bank accounts and vehicle registration, update auction proposal analysis, research contruction companies on the island to send invitation for offers to.
11/20/2013 0.4 review and approve disbursements, make arrangements for retrieval of server image, review emf key lenders re cat's understanding of the ccaa order, review BMO application for order nisi, review asset list and prep for PPSA notices 11/21/2013 0.6 review and approve disubursements, emt/emf lmg re bank account changes and
updated fleet list, tt/tf/emt/emf air liquide re account information update and payment of invoices by receiver, review asset list re RDP email to key lenders with comments on auction proposals, emt/emf Tom Todesco re specific asset details, emf/ Tom re scale on first nations land, make preparations, sign cheques for large cheque run (payroll, suppliers, etc.)
11/22/2013 0.4 emt/emf columbia fuels, review account and propose go-forward plan
11/22/2013 0.7 review and approve disbursements, review columbia accounts, make proposal to columbia for payment and send cheques over, review emails from key lenders re auction proposals, follow up on asset list and details, tt/tf suppliers re go forward
11/25/2013 0.1 review calculations re allocation of disbursements to various entities from general receivership account
PRICEWATERHOUSECOOPERS INC.
re
Johel Group Receivership - Cougar Crushing & Screening Ltd.
SCHEDULE 2 - SUMMARY OF TIME CHARGES FOR THE PERIOD TO NOVEMBER 30, 2013
Page 1 of 8
Name Date Hours Description PRICEWATERHOUSECOOPERS INC.
re
Johel Group Receivership - Cougar Crushing & Screening Ltd.
SCHEDULE 2 - SUMMARY OF TIME CHARGES FOR THE PERIOD TO NOVEMBER 30, 2013
11/25/2013 0.3 review and approve disubursements, emt/emf Columbia fuels and Dave Johel re leased fuel tanks, confirm courier delivery with columnbia, emf Jack webster re conditions of CWB's offer re auction plan, emt/emf Gloria re icbc ticket payment
11/26/2013 0.4 review and approve disbursements, tf Jas re rider permit for moving crusher back to lake cowichan, tt/emt/emf LMG pringle insurance re rider permits, review telus invoices and disconnection notices, emt telus re receivership and accounts to change to receiver's name
11/27/2013 0.3 review and approve disbursements, review miller electric invoices and emt Gloria for more information, emf/emt pringle insurance re rider policy and costs, emt/emf Bayside re invoice issues
11/28/2013 0.4 review and approve disbursements, prepare termination letters and employee information for merging letters, review BDC asset list and provide comments on certain equipment, discussion with company re gst filing,
11/29/2013 0.4 review and approve disbursements, finalize termination letters
CHAHAL KIRANDEEP 10/30/2013 0.2 Calls and emails to banks regarding freezing accounts and opening new accounts at RBC.
11/5/2013 0.8 Email to RBC regarding new bank accounts; post deposits; issue cheques;
prepare and fax wire request to RBC and post in Ascend.
11/6/2013 0.3 Post new bank accounts in Ascend; call to RBC regarding confirmation for Lehigh wire; issue cheques.
11/7/2013 0.8 Issue cheques; post deposits; follow-up with RBC regarding bank accounts; land title searches on various properties.
11/8/2013 0.1 Mailing form 87 to creditors and fax to OSB; follow-up emails and calls to RBC regarding wire request.
11/13/2013 0.2 Issue cheques; review RBC company account balance and give RBC intructions on the corresponding receiver accounts for transfer.
11/14/2013 0.4 Issue cheques; post deposits in Ascend.
11/19/2013 0.3 Post deposits; set-up Ascend files for 12 estates 11/20/2013 0.4 Issue cheques
11/22/2013 0.2 Issue cheques; post direct payments in Ascend.
11/25/2013 0.3 Post deposits; issue cheques; follow-up email to RBC regarding online accounts.
OR SAMANTHA 11/15/2013 0.1 Edit, format, compile report to secured lenders.
LINNEN BLAIR 10/29/2013 2.4 Preparation for Receivership filing; create go-forward plan; considering
information needed from Company for statutory requirements; internal meeting re:
go-forward.
10/30/2013 0.7 Request for website update re: Receivership filing; prepare letters to freeze and close RBC, BMO and ISCU bank accounts; prepare letter to open new accounts with RBC; emt/tcf K. Janzen re: accepting payment via merchant account;
provide direction to D. Scheffer re: same; emt/tcf K. Janzen re: GICs and Letter of Guarantee held by Company; provide direction re: Receivership job codes; tct WCB re: filing and continuation of operations under Receiver-Manager
appointment.
10/31/2013 0.6 Numerous emails re: opening new RBC accounts and issues with inability to use funds; request for petty cash amounts; prepare newspaper advertisement and send to Victoria Times Colonist for publication; working on asset/liabilities of all entities for Form 87 requirements; set up Ascend file with temporary account;
prepare cheque requisitions for salaried employee payroll; prepare package to send and drop at Harbour Air for delivery; numerous tct BMO re: status of accounts and confirmation of freezing/closing accounts; emt R. Taylor re: account balances and merchant account; tcf/emf WCB re: receivership filing and new accounts.
Page 2 of 8
Schedule 2
Name Date Hours Description
PRICEWATERHOUSECOOPERS INC.
re
Johel Group Receivership - Cougar Crushing & Screening Ltd.
SCHEDULE 2 - SUMMARY OF TIME CHARGES FOR THE PERIOD TO NOVEMBER 30, 2013
11/1/2013 0.7 numerous emt/emf Times Colonist re: notice in upcoming publication; prepare information for WCB accounts; responding to creditor enquiry; working on Form 87.
11/4/2013 0.9 emt prospective purchaser; emt realtors re: receivership filing; work on payments to be made; work on creditor list.
11/5/2013 1.1 Work on creditor list; organize payments to be made and request cheques; emt WCB with account requests.
11/6/2013 1.1 Compile documentation for cheques issued; filing.
11/7/2013 0.1 Issuing numerous cheques and organizing delivery to Johel office; work on creditor list.
11/8/2013 0.8 Finalize creditor list and form 87; prepare and complete mailing; organize Form 87 delivery to OSB; filing to BRSP.
11/12/2013 0.7 Work on reconciliation of transactions in temporary RBC account; prepare cheque requisitions; request for website update re: Johel Investments receivership order.
11/13/2013 1.4 Prepare payroll tables; request cheques re: hourly payroll, employee expenses, source deductions; request for website update re: Form 87; prepare affidavit of mailing for Form 87, emf/emt Wells Fargo; request for RBC loan repayment;
update breakout of temporary RBC account.
11/14/2013 0.9 Return creditor phone calls; emt BC Hydro; emt Email Anderson re: Receiver's WCB accounts; prepare affidavit of mailing for Form 87 mailings; sort cheques to be delivered; deliver package to Harbour Air; update accounting for temporary RBC account.
11/15/2013 0.9 Prepare statement of R&D to November 14; prepare journal entries for new RBC accounts; finalize A/R demand letters and prepare for merge into document;
filing.
11/18/2013 1.6 Create POC form and send per request of J.R Pallan, Leigh Cement; file POCs received to date in BRSP; prepare mailing of Notice of Receiver to those requesting notice and not contained within books and records; compile employment related obligations; filing pre-filing WCB correspondence;
correspondence re: A/R collection notices and information needed; creditor correspondence with Cowichan Tribes, Valley Remediation, Operating Engineers;
account deposits and filing to BRSP re: same; file bank recs.
11/19/2013 0.7 Receive updated Aged A/R schedules and update for merge into collection notices; prepare and complete mailing; request for website update.
11/20/2013 1.0 File POC received from Valley Remediation; prepare cheque requisitions for hourly staff payroll; calculate CRA source deductions and prepare cheque requisitions; request for website update; prepare list for follow up re: A/R letters and receive correspondence re: same; correspondence re: RBC LOC fees and accounts; numerous tcf/emt Kinetic re: bank account transfers and collections.
11/21/2013 0.1 Filing emails to BRSP; set up A/R tracking spreadsheet; check to statements and update tracking for invoices issued after Oct 29, 2013; layer in receipts since appointment; receive numerous tcf customers with collection notices; follow up with Cowichan Tribes re: contra cheques; various emt/emf Company re: pre-filing employee related obligations; request for A/R information still needed; various cheque requisitions.
11/22/2013 0.4 Prepare and mail A/R collection notices to those with information provided; add same to tracking spreadsheet and file in BRSP; drop off package at Harbour Air for delivery to office; update account reconciliation and accounting in temporary account; prepare cheque reconciliations and deposits for transfers; consider where borrowings should occur from; receive numerous tcf customers with A/R notices.
Page 3 of 8
Name Date Hours Description PRICEWATERHOUSECOOPERS INC.
re
Johel Group Receivership - Cougar Crushing & Screening Ltd.
SCHEDULE 2 - SUMMARY OF TIME CHARGES FOR THE PERIOD TO NOVEMBER 30, 2013
11/25/2013 0.3 Numerous emf/emt tcf/tct customers re: A/R collections; correspondence with G.
Belcourt re: same; follow up with D. Johel re: AR collection notices; review detailed WCB calculations; trace deposits to A/Rs; emt A. Boland of Farris re:
Telus dispute; fill out forms for Moneris account information; emt G. Belcourt re:
cash deposited Nov 1.
11/26/2013 0.1 Tct/tcf Minister of Finance re: MSP group enrolment; receive numerous tcf customers re: A/R collections; cheque requisitions; internal discussion re: PST returns and Receiver's account in post period.
11/28/2013 1.1 Process payroll and CRA remittances for salary payroll PPE Nov 30; emt/tct RBC re: daily account statements; fax request re: same; process cheques received and post in Ascend; emt: G. Belcourt re: same; receive bank activity for accounts to date and reconcile to Ascend; compile list of possible contracts for termination;
follow up with A. Boland of Farris re: Telus dispute; emt/tcf R. Taylor of BMO re:
cheques and account statements; internal discussion re: GST returns in post period; file to BRSP.
11/29/2013 0.5 Drop of cheques at Harbour Air; work on list of contracts to terminate; prepare letter to CRA with final GST returns; numerous calls and emails with customers re: AR collections; forward invoices as requested by customers.
11/29/2013 0.1 Drop of cheques at Harbour Air; work on list of contracts to terminate; prepare letter to CRA with final GST returns; numerous calls and emails with customers re: AR collections; forward invoices as requested by customers.
PALLEN RICHARD 10/30/2013 0.8 Allocation of meetings with groups and individual employees; banking arrangements; meetings with McNeill & Partners Ltd. staff and instructions thereto; instruct employees and initial review of contracts in progress;
correspondence with Sue Waterman re insurance; banking facility coordination including debit card and merchant VISA facilities;
10/31/2013 0.8 Allocation of: review of RBC draft order; emt Peter Rubin; review Maynards order, emt Peter with comments, meeting with maintenance staff; emf,tt Union business Agent USW 1-1937; PO approvals; instr staff to identify suppliers where we should establish credit; corr re getting R/M app't on CValley Concrete; am HMP staff re inventory status; emf Sue W re insurance; coverage; instr D Johel re data needed for core property CIM - aggregate estimates (reserves and inventory), building particulars, etc; emt Auctioneers for proposals; emt major cdreditors re equipment required to complete contracts and 6 chattels that ought to be sold with the core property; problems getting bank accounts opened and funds transferred (and distribute a payroll); emf,t D Hydman re properties excluded under JIL order; emf J Webster, D Hyndman and P Vaartnou re J Webster position; draft response to J Webster, emt,tt Peter Rubin; several times;
difficulty with alarm;
11/1/2013 0.9 at prem 7:40 - 3:00; conf call with ISCU, RBC and Bill Kaplan; seek credit: Kal Tire, Finning, others; corresp with Jack W to clarify our ask and whether there is an agreement; corresp with K Janzen re loan; review of RBC order and confirm;
disc with worker accidents with Sandeep and procedures for reporting to Worksafe BC; review and approve various purchases; terminate Cindy Johel;
review and execute contracts for Dave Johel and Danielle; corresp with Ritchie Bros; emf,t Dan Lazaro re grinder; disc'ns with D Johel re descriptions required for core property;
Page 4 of 8
Schedule 2
Name Date Hours Description
PRICEWATERHOUSECOOPERS INC.
re
Johel Group Receivership - Cougar Crushing & Screening Ltd.
SCHEDULE 2 - SUMMARY OF TIME CHARGES FOR THE PERIOD TO NOVEMBER 30, 2013
11/4/2013 0.4 at prem 9:45 - 6:00 pm; emt,tt Peter Rubin re use oif equipment and no response from JW; affirm contracts with various customers; consider and list data to be assembled for sale of core properties, emt Hayes McNeill and D Johel re same;
11/4/2013 0.4 at prem 9:45 - 6:00 pm; emt,tt Peter Rubin re use oif equipment and no response from JW; affirm contracts with various customers; consider and list data to be assembled for sale of core properties, emt Hayes McNeill and D Johel re same;