Shoe Manufacturing, hardwood/sawmill manufacturing, manufacturing and distribution of fur coats

Nature of Engagement
Engaged to perform detailed examinations and evaluations of several proposed borrowing facilities for a Tier 1 US bank, including an Ontario shoe manufacturer ($90 million), a full phase British Columbia hardwood sawmill/manufacturer ($18 million) and a manufacturer and distributor of high end fur coats ($5 million).
Summary of Strategy Employed & Outcome
Our engagements generally involved a review of the debtors’ history, products, ownership structure, an assessment of the strengths and weaknesses of the companies, a detailed analysis of key assets, liabilities and related books and records, together with a recommendation on the proposed advance rates; all in accordance with the lender’s standard Survey Examination program.
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