File Details
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File Summary
This is to advise that Nikhil Khatri was appointed liquidator of Eastcoast RV Australia Pty Ltd on 22 August 2024.Please check your records and advise us whether you are owed any money by the Company.
An Initial Report was issued on 27 August 2024. The next report will be issued by close of business on November 15, 2024.
We are currently working on:
•Investigation into offences
•Reporting offences to ASIC
•Investigation into potential void transactions
At this stage, it appears unlikely there will be any dividend paid to any class of creditors.
Please tell us (on EastcoastRVAustraliaPtyLtd@fileinfo.worrells.net.au) of any matters that you believe should be investigated, or if you wish to register as a creditor.
Unless there is a material update, there will be no further updates to this webnote.
Your Questions answered
Reasons for Insolvency
We curently have no reasons for the administration
Collections Summary
Debtors Collection
There are no debtors to collect on this file.
Scheduled Collections
There are no scheduled agreements in place for this file.
Meeting of Creditors
Future Meetings
There are no future meetings for this file.
Past Meetings
A Proposal without a Meeting was called for 01 October 2024 at 05:00 pm.
Minutes of Meeting are made available shortly after each meeting and can be found in the Client Documents section below.
Creditor Information
| Received | Admitted | |
|---|---|---|
| Number of Creditors Recorded | 27 | |
| Number of PODs Claimed | 15 | 0 |
| Total of PODs Claimed | $422,143.00 | $0.00 |
| Total of Employee PODs Claimed | $30,543.00 | $0.00 |
| Total of Secured PODs Claimed | $0.00 | $0.00 |
| Total of Unsecured PODs Claimed | $391,600.00 | $0.00 |
If your debt in this estate is guaranteed by another party, and your guarantee contains a clause restricting that other party from proving their debt (if they have one) in this estate until your debt is paid, you must provide this office with a copy of that guarantee document before any meeting of creditors or payment of dividend.
Distribution Summary
Future Distributions
There are no future distributions for this file.
Past Distributions
There are no past distributions for this file.
Receipts and Payments Summary
Receipts Summary
| Account name | Total |
|---|---|
| Interest Earned | $54.68 |
| Upfront Indemnity | $12,000.00 |
| GST Collected | $1,095.00 |
| Total receipts | $13,149.68 |
Payments Summary
| Account name | Code | Total |
|---|---|---|
| License Fees & Permits | B1 | $92.86 |
| Appointees Remuneration | $12,921.35 | |
| Searches | B1 | $123.16 |
| GST Paid | $12.31 | |
| Total payments | $13,149.68 |
Assets Summary
| Cash at Bank | $0.39 |
| Suspense | -$3.00 |
| Total assets | -$2.61 |
Disbursement Summary
| Category | Code | Total ($) |
|---|---|---|
| External - Non-Professional | B1 | $216.02 |
Disbursements are divided into three types: A, B1, B2.
- A - disbursements are all externally provided professional services and are recovered at cost. (e.g.legal fees)
- B1 - disbursements are externally provided non-professional costs such as travel, accommodation and search fees. B1 disbursements are recovered at cost.
- B2 - disbursements are internally provided non-professional costs such as photocopying and document storage.B2 disbursements are charged at cost except for photocopying, printing and telephone calls which are charged at a rate which is intended to recoup both variable and fixed costs.
Fee Information (GST Inclusive)
Summary
| Time Spent | $27,683.30 |
| Fees Drawn | $14,213.49 |
| Fees Written Off | -$12,679.10 |
| WIP Balance | $790.75 |
Time spent by Employees
| Employee | Position | Hourly rate (ex GST) |
Total Hours | Total (ex GST) |
|---|---|---|---|---|
| Nikhil Khatri | Principal | $680.00 | 2h 22m | $1,609.34 |
| Philipp Stark | Senior Manager | $615.00 | 10h 58m | $6,590.84 |
| Hamish McNeven | Executive Analyst | $475.00 | 0h 35m | $277.09 |
| Kitty Evas | Senior Business Analyst | $390.00 | 32h 45m | $12,779.00 |
| Guinness Downey | Business Analyst | $345.00 | 3h 36m | $1,115.52 |
| Sophia Crawford | Financial Assistant | $260.00 | 1h 57m | $507.00 |
| Totals | 52h 13m | $22,878.78 | ||
| GST | $2,287.88 | |||
| Total including GST | $25,166.66 | |||
| Avg hourly rate | $506.92 |
Time Spent by Category
| Category | Total Hours | Total (inc GST) |
|
|---|---|---|---|
| Administration | 1h 43m | $628.84 | |
| Assets | 2h 21m | $1,230.91 | |
| Creditors | 36h 7m | $18,164.63 | |
| Dividend | 1h 41m | $722.15 | |
| Investigations | 10h 19m | $4,420.13 | |
| Totals | 52h 13m | $25,166.66 |
Client Documents
| Date | Name |
|---|---|
| 04/03/2025 | General Advice |
| 15/11/2024 | Stat Report |