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Report Date : |
19.03.2014 |
IDENTIFICATION DETAILS
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Name : |
VOIPSHOP TELECOMMUNICATIONS INC. |
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Registered Office : |
1 Yonge Street, Ste 1801, Toronto, Ontario M5E 1W7 |
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Country : |
Canada |
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Date of Incorporation : |
29.04.2005 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject is a recognized Carrier in the International Telecommunications market. |
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No. of Employees : |
25 |
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 : |
No complaints |
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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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 a high-tech industrial society in the trillion-dollar class, Canada resembles the US in its market-oriented economic system, pattern of production, and high 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 abundant 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 2010-13 and plans to balance the budget by 2015. In addition, the country's petroleum sector is rapidly expanding, because Alberta's oil sands significantly boosted Canada's proven oil reserves. Canada now ranks third in the world in proved oil reserves behind Saudi Arabia and Venezuela
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Source
: CIA |
Company name: VOIPSHOP TELECOMMUNICATIONS INC.
Address: 1 Yonge Street, Ste 1801, Toronto, Ontario M5E 1W7 - Canada
Telephone: +1 416-900-0954
Fax: +1 416-900-0329
Website: www.voipshop.net
Corporate ID#: ON-001658245
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 04-29-2005
Stock: -
Value: -
Name of
manager: Aren DURGARIAN
Business:
VoIPShop Telecommunications is a recognized Carrier in the
International Telecommunications market.
The Company said to carry over 30 million minutes of international traffic per
month.
The network structure is based on Inter Exchange Carrier (IXC) accounting soft switch, Porta Billing and Cisco Systems voice gateways.
The network includes three communication centers located in Frankfurt-am-Main (Germany), Moscow (Russia) and Toronto (Canada).
No foreign suppliers available.
Staff: 25
Operations
& branches:
At the
headquarters, we find the corporate office, on lease.
Shareholders:
This is a
private Company.
Management:
Aren Durgarian, President
Hovhannes Durgaryan, CEO
Hovhannes Vahanyan, Vice President Business Operations
Nare Badalyan, Chief Financial Officer
Subsidiaries
And partnership: None (in Ontario)
In Canada,
privately held corporations are not required to publish any financials.
On a direct
call, nobody accepted to answer our questions.
We sent a
fax but no answer received.
Outside
sources (Chamber of Commerce) gave estimate sales for year 2013 in the range of
CAD 5,000,000+
The business
is said to be profitable.
Banks: HSBC Bank
...
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
Haut du formulaire
Trade
references:
Date
reported: January 2014
High
credit: CAD 2,000
Now owing: 0
Past due: 0
Last
purchase: December 2013
Line of
business: Office supply
Paying
status: 3 days beyond terms
Date
reported: January 2014
High
credit: CAD 30,000+
Now owing: 0
Past due: 0
Last
purchase: December 2013
Line of
business: Payroll
Paying
status: As agreed
Domestic
credit history:
National
Credit Bureaus gave a correct credit rating.
According to our credit analysts, during the last 6 months, domestic payments were currently made on terms.
Other
comments:
The Company
maintains a regular business.
The Company
is in good standing.
This means
that all local and federal taxes were paid on due date.
The risk is
low.
Our
opinion:
A business connection
may be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.95 |
|
|
1 |
Rs.101.37 |
|
Euro |
1 |
Rs.84.89 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>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 |
|
-- |
NB |
New Business |
-- |
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.