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Report Date : |
18.03.2014 |
IDENTIFICATION DETAILS
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Name : |
TELLZA COMMUNICATIONS INC. |
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Formerly Known As : |
PHONETIME INC. |
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Registered Office : |
140 Simcoe Street, Suite 309, Toronto, Ontario M5H 4E9 |
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Country : |
Canada |
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Year of Establishments: |
1994 |
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Legal Form : |
Public Company |
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Line of Business : |
Subject is a telecommunications carrier, provides business to business
services worldwide. Subject offers international and domestic switched voice services to the telecommunication operators and voice service providers. Subject also provides long distance telecommunication services to
telecommunications providers; outsourced telecommunications services at the
carrier level; wholesale carrier services; retail voice services, which offer
voice termination through TDM or IP interconnections; and domestic SIP
termination services. |
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No. of Employees |
34 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – december 01, 2013
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Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
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Canada |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Canada ECONOMIC OVERVIEW
As an affluent, high-tech industrial society in the trillion-dollar class, Canada resembles the US in its market-oriented economic system, pattern of production, and affluent living standards. Since World War II, the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. The 1989 US-Canada Free Trade Agreement (FTA) and the 1994 North American Free Trade Agreement (NAFTA) (which includes Mexico) touched off a dramatic increase in trade and economic integration with the US its principal trading partner. Canada enjoys a substantial trade surplus with the US, which absorbs about three-fourths of Canadian exports each year. Canada is the US's largest foreign supplier of energy, including oil, gas, uranium, and electric power. Given its great natural resources, highly skilled labor force, and modern capital plant, Canada enjoyed solid economic growth from 1993 through 2007. Buffeted by the global economic crisis, the economy dropped into a sharp recession in the final months of 2008, and Ottawa posted its first fiscal deficit in 2009 after 12 years of surplus. Canada's major banks, however, emerged from the financial crisis of 2008-09 among the strongest in the world, owing to the financial sector''s tradition of conservative lending practices and strong capitalization. Canada achieved marginal growth in 2010-12 and plans to balance the budget by 2015. In addition, the country''s petroleum sector is rapidly becoming an even larger economic driver with Alberta''s oil sands significantly boosting Canada''s proven oil reserves, ranking the country third in the world behind Saudi Arabia and Venezuela.
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Source : CIA |
Note:
Your order on PHONETIME INC.
On 09-23-2013, name changed to TELLZA COMMUNICATIONS INC.
Company name: TELLZA COMMUNICATIONS INC.
Headquarters: 140 Simcoe Street, Suite 309,
Toronto, Ontario M5H 4E9, Canada
Telephone: +1 954-608-5058
Fax: +1 954-456-3263
Website: www.phonetime.com
Corporate ID#: ON-001815317
State: Ontario
Judicial form: Public Company (TSX = TEL)
Date incorporated:
01-01-2010
Date founded: 1994
Stock: 188,231,492
shares issued and outstanding
Market value: CAD
29,175,881= (as of 03-14-2014)
Name of manager: Gary
CLIFFORD
Business:
Tellza Communications Inc., a telecommunications carrier, provides
business to business services worldwide.
The company offers international and domestic switched voice services to the telecommunication operators and voice service providers.
It also provides long distance telecommunication services to
telecommunications providers; outsourced telecommunications services at the
carrier level; wholesale carrier services; retail voice services, which offer
voice termination through TDM or IP interconnections; and domestic SIP
termination services.
The company’s customers and suppliers include fixed line operators,
mobile operators, and retail and VoIP service providers.
The company was formerly known as Phonetime Inc. and changed its name to
Tellza Communications Inc. on September 23, 2013.
The Company was founded in 1994 and is based in Toronto, Canada.
Staff: 34
Operations & branches:
At the headquarters, we
find the corporate office, on lease.
The address given on your order
91 Rylander Blvd, Unit 7,
Toronto, Ontario
is linked to Envoy Business
Services, a mailbox company.
Shareholders:
The Company is listed with the Toronto Stock Exchange under symbol TEL.
Management:
Gary CLIFFORD is the President and CEO.
Mr. Clifford serves as a Partner of Penfold Capital Corporation.
Mr. Clifford serves as the Managing Director of Clifford Capital
Corporation. He serves as the Chief Executive Officer, President, Chief
Financial Officer and Corporate Secretary of Penfold Capital Acquisition II
Corporation and Penfold Capital Acquisition III Corp.
He is a Chartered Accountant since 1996, who articled at Coopers &
Lybrand. Mr. Clifford holds a Bachelor of Arts Degree in Management from the University
of Toronto (Scarborough) in 1992.
Michael VASQUEZ is the COO.
Subsidiaries & Partnership:
PHONETIME US INC.
1250 E Hallandale Beach Blvd.,
Suite 703
Hallandale Beach, FL 33009 - USA
Ph: +1 954-456-3191
On November 14, 2013, Tellza Communications Inc. announced unaudited
consolidated earnings results for the third quarter and nine months ended
September 30, 2013.
The company's revenue for the three months ended September 30, 2013 was
$38 million compared to $22 million in 2012, an increase of 73%.
EBITDA for the three months ended was $950,000 compared to $639,000 for
the same period in 2012, an increase of 49%. Income before income taxes was
$793,000 against $452,000 a year ago. Net and comprehensive income for the
period was $573,000 against $547,000 a year ago.
The company's revenue for the nine months ended was $112 million
compared to $71 million in 2012, an increase of 58%. EBITDA for the nine months
ended was $3.0 million compared to $1.9 million for the same period in 2012, an
increase of 58%. Net income before taxes for the nine months ended September
30, 2013 was $2.6 million compared to $1.2 million in 2012, an increase of
116%. Net and comprehensive income for the period was $1,781,000 or $0.01 per
basic and diluted share against $1,462,000 or $0.01 per basic and diluted share
a year ago.
Banks: Royal Bank of Canada
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
According to our credit analysts, during the last 6 months, 89% of trade
experience indicates a regular payment.
Payments of imports are currently made with an average of 5 to 10 days
beyond terms.
The banks and financial
institutions confirmed late payments.
The Company is in good
standing.
This means that all taxes
were paid on due date.
The risk is medium.
Our opinion:
A business connection may
be conducted but we suggest you to check regularly the way of payments.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.52 |
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UK Pound |
1 |
Rs.102.22 |
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Euro |
1 |
Rs.85.23 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.