RE C E IVEB ANNUAL REPORT 03/3//10 ARK PUBlIC SERVlCE COMP OF THE

Transcription

1 2974 LOCAL TELEPHONE COMPANY RE C E IVEB ANNUAL REPORT 03/3//10 ARK PUBlIC SERVlCE COMP OF THE NAME Comtel Telcorn Assets LP (Here show In fult the exact corporate, firm or lndivlduat name of the respondent) LOCATED AT 433 East Las Colinas Boulevard, Suite 400, Irving, Texas (Here glve the lomtjon. Including street and number ot the respondenl's main buslness office withh the Stata) COMPANY# 2696 (Here ghre the APSC-assigned company number) TO THE ARKANSAS PUBLIC SERVICE COMMISSION COVERING ALL OPERATIONS FOR THE YEAR ENDING DECEM8ER 31,Zm

2 LEITER OF TRANSMITTAL To: Arkansas Public Service Commission Post Office Box 400 Little Rock, Arkansas Submitted herewith is the annual report covering the operation of ComteI felcom Assets LP (ComPanYl Of Texas for the year ending December 31,20& This report is submitted in (Lomtion) accordance with Section 51 of Act 324 of the 1935 Acts of Arkansas. The following report has been carefully examined by me, and I hav executed the be tow. (Stgnature) Chlef Operaffng Officer, Comtet Assets Inc., General Partner of Comtel Telcorn Assets LP mw STATEOF Texas 1 ) ss. COUNTYOF Dah 1 I, the undersigned, Jeny Ou, Chlef Operating Officer, Comtel Assets Inc., of the General Partner of Comtel Telcorn Assets LP (Name and Title) Comtel Telwm Assets Lp, on my oath do say that the following report has (Compaw) been prepared under my direction from the original books, papers, and records of said utility: that I have carefully examined the same, and declare the same a complete and correct statement of the business and affairs of said utility in respect to each and every matter and thing set forth, to the best of my knowledge, information, and belief; and I further say that no deductions were made before stating the gross revenues, and that accounts and figures contained in the foregoing statements embrace all of the financial transactions for the period In this report. Subscribed and sworn to before me this day of -733 im1j 2 i! /o W LEC-2 RECEIVED MAR

3 GENERAL INSTRUCTIONS, DEFINITIONS, ETC. 1 Two (2) coples of this report, properly filled out and verified shalt be filed with the Utility Division of the Arkansas Public Service Commission, Little Rock, Arkansas, on or before the 31st day of March following the close of the catendar year for whlch the repod is made 2 The word "respondenr In the following Inquiries means the person, firm, assoelation or company In whose behalf the report Is made. 3 If any schedule does not apply to the respondent, such fact should be shown on the schedule by the words "not applicable." 4 Except in cases where they are especially authorized, cancellations, arbitrary check marks, and the like must not be used either as partial or entire answers to Inquiries. 5 Reports should be made out by means which result in a permanent record. The copy In all cases shalt be made out in permanent black ink or with permanent black typewriter ribbon. Entries of a contrary or opposite character (such as decreases reported in a column providing for both Increases and decreases) should be shown in red Ink or enclosed In parentheses. 6 This report will be swnned In. Please blnd with clips only. 7 Answers to inquiries contained In the following forms must be complete. No answer will be accepted as satisfactory which attempts by reference to any paper, document, or return of previous years or other reports, other than the present report, to make the paper or document or portion thereof thus referred to a part of the answer without setting it out. Each report must be complete within itself. 8 In cases where the schedules provided in this report do not contain sufficient space for the information called for, or if it is otherwise necessary or desirable, additional statements or schedules may be inserted for the purpose of futther explanation of acwunts or schedules. They should be legibly made on paper of durable quality and should conform with this form in size of page and width of margin. Thls also appiies to at1 special or unusual entries not provided for In thls form. Where information catted for herein is not given, state fully the reason for its omission. 9 Schedules supporting the revenue accounts and furnishing statistics should be so arranged as to effect a diviston in the operations a5 to those inside and outside the state. IO Answers to all inqulres may be In even dollar figures, with the cents omitted and with agreeing totals. I1 Each respondent shouid make Its report In duplcak, retaining one copy for its files for reference, In case correspondence with regard to such report becomes necessary. For thls reason, seveml coples of the accompanying forms are sent to each utility company concerned. LEG3

4 Give the name, title, office address, telephone number and address of the person to whom any correspondence concerning this report should be addressed: Name Trish KIrby Title Compliance Reporting Specialist Address P.O. Drawer 200 WInter Park, Ft Telephone Number Give the name, address, telephone number and e-mall address of the resident agent: Name National Corporate Research, LTD. Telephone Number I40 Address 3208 Asher Avenue Little Rock, AI E-Mall statrep~nationalcorp.com LEG4

5 IDENTITY OF RESPONDENT I. Give the exact name by which respondent was known in law at the close of the year. Use the initial word The" only when it is part of the name: Comtel Telcom Assets LP d/b/a Excel Telecommunications, VarTec Telecom, Clear Choice Communications and VarTec Solutions 2. Give the location (including street and number) of (a) the main Arkansas business ofice of respondent at the close of the year, and (b) if respondent is a foreign corporation, the main business office if not in this state: (a) None in Arkansas. (b) 433 E. Las Colinas Blvd., Suite 400 Irving, TX Indicate by an x in the proper space (a) the type of service rendered, and (b) the type of organization under which respondent was operating at the end of the year: (a) ( ) Elecfn'c, ( 1 Gas, ( ) Water, (X) Telephone, ( ) Other (b) ( ) Proprietorship, ( X ) Partnership, ( ) JolntStockAssociation, ( ) Corpomtlon, ( ] Other(describebelow): 4. If respondent is not a corporation, give (a) date of organization, and (b) name of the proprietor or the names of all partners, and the extent of their respective interest at the close of the year. (a) Comtel was organized as a timited partnership on July 26,2005 in the state of Texas. (b) Partners and Interest: 1) Comtel Assets Corp. (Limited Partner); 85.64% 2) Comtel Assets Inc. (General Partner): 0.95% 3) Current and former officers of Corntel Assets Inc. beneficially own the remaining percentage with no individual owing in excess of 40%. 5. If a corporation, indicate (a) in which state respondent is incorporated (b) date of incorporation, and (c) designation of the general law under which respondent was incorporated, or, if under special charter, the date of passage of the act: (a) Not appllwble. (b) Not applicable. (c) Not applicable. 6. State whether or not respondent during the year conducted any part of its business within the State of Arkansas under a name or names other than that shown in response to inquiry No. I above, and, if so, give full particulars: None. LEC-5

6 7. State whether respondent is a consolidated or merged company. If so, (a) give date and authority for each consolidation or merger, (b) name all constituent and merged companies, and(c) give like particulars as required of the respondent in inquiry No.5 above: (a) (b) The company is not a consolidated or merged company. Not applicable. (c) Not applicable. 8. State whether respondent is a reorganized company. If so, give (a) name of on'ginal corporation, (b) date of reorganization, (c) reference to the laws under which it was reorganized and (d) state the occasion of the reorganization, whether because of foreclosure or mortgage or othenvise, giving full particutars. (a) (b) The company is not a reorganized company. Not applicable. (c) Not applicable. (d) Not applicable. 9. Was respondent subject to a receivership or other trust at any time during the year? If so, state: NO (a) Name of receiver or trustee: Not applicable. (6) Name of beneficiary or beneficiaries for whom trust was maintained: Not applicable. (c) Purpose of the trust: Not applicable. (d) Give (1) date of creating of receivership or other trust, and (2) date of acquisition of respondent: (I) (2) 10. Did the respondent act in any of the capacities listed in Paragraph (a) below during the past year? No If SO# (a) Indicate the applicable one by using an X in the proper space: ( )Guarantor, ( ) Surety, ( ) Principal - obligor to a surety contract, ( ) Principal -obligator to a guaranty contract. (b) Insert a statement showing the character, extent, and terms of the primary agreement or obligation, including (I) names of all parties involved, (2) extent of tiabitity of respondent, whether contingent or actual, (3) extent of Iiabitities of the other parties, whether contingent or actual, and (4) security taken or offered by respondent. Not applicabte. LEG6

7 DIRECTORS Give the name and office addresses of all directors at the close of the year, and dates of beginning and expiration of terms. Chairman (') and Secretary r) marked by asterisks. Name of Director John Jenkins. Ccmfel Assets Inc-General Partner Paul Winters, Corntel Assets Inc-General Partner Rlck Dowd, Comtel Assets InGGeneml Partner William Zartler, Corntel Assets ImGeneral Partner Office Address 433 E. Las Colinas Blvd., Sulta 400, Irvlng, TX Denham Capltal Management LP, 200 Clarendon St, 25th Floor, Boston, MA 021 I6 433 E. las Colinas Blvd., Suite 400, Irvlng, TX Travis Street. 23rd Floor, Houston, 7x Date of Term Begfnnlng Inception of company Inception of company Inception of wmpany Inception of company End perpetual perpetual perpetual p e rp e tu a 1 PRINCIPAL OFFICERS AND KEY MANAGEMENT PERSONNEL Give the title of the principal officers, managers and key personnel, the names and office addresses of persons holding such positions at the close of the year. TitIe Controller Vice President, Sales Vice President, Customer Care and ProvisIonlng President and Chief Executive Ofticer Chief Operating Officer Name of person holding office at dose of year Todd Brock Patrick Hannon Keith Henderson Jerry McGee Jerry Ou, Corntel Assets Inc., General Partner of Comtel Telcom Assets LP Office Address 433 E. Las Colinas Blvd., Suite 400, Inring, TX E. Las Colinas Blvd., Suite 400, Inring, TX E. Las Colinas Blvd., Suite 400, Inring, fx E. Las Collnas Blvd.. Suite 400, Irving, lx soa 433 E. Las Colinas Btvd., Suite 400, [wing, 7X LEG7

8 ~ ~~ GROSSASSESSABLEREVENUES Description Amount ARKANSAS GROSS ASSESSABLE REVENUES (excluding Interstate Tolls) I $587,094 LOCAL EXCHANGE SERVICE STATISTICS ACCESS LINES I ARKANSAS 1 Residence Business TOTAL RESIDENTIAL & BUSINESS ACCESS LINES PBX Access Lines Coin or Credit Card Paystation Access Lines Company Official Access Lines (Numbers) TOTAL ACCESS LINES I O1 362

9 REPORT TO ARKANSAS PUBLIC SERVICE COMMISSION STATEMENT OF ACCURACY I do hereby state that the amounts contained in this report are true and accurate, schedules have been cross-referenced by use of the attached check list, and that the accuracy of all totals has been verified by me or under my supenrision. Should I or anyone under my supenrision become aware of any error in or omission from this report, 1 wili take steps to notify the Arkansas Public Senrice Commission of such error or omission and provide corrected schedules as soon as possible. ing Officer, Comtel Assets Inc., Assets LP

10 ~ ~~ ~ REPORT TO ARKANSAS PUBLIC SERVICE COMMISSION Company Name dba OffxiaI Mailing Address ComteI Telcorn Assets LP Excel Telecommunications, VarTec Telecom, Clear Choice Communications and VarTec Solutions 433 E. Las Colinas BIvd., Suite 400 Inring, TX I' I II AREA I PERSONTOCONTACT I PHONE# I FAX# 1 I I Trish Mrby I I M613 I tklhy@tmlnc.m 11 Annual Report - Fuel Adjustment Report Cost of Debt Report Tariffs Sham Thomas corn Accountha Rates ~ - I II Englneering Finance Income Taxes MA Property Taxes 7 Gas SUPPIY Legal Data Processing II II Please list the number of utility employees tocated in Arkansas -0-

11 Comtel Telcom Assets LP Balance Sheet As of December 31,2009 U naudited Cash Accounts Receivable Reserve for Oad Debts Accounts Receivable, Net Inventory Prepaid Expenses Other Current Assets Total Current Assets Property, Plant and Equipment Accumulated Depreciation Property, Plant and Equipment, Net Other Noncurrent Assets Total Noncurrent Assets TOTAL ASSETS 7,857,276 (I,693,907) 22,458, , , ,400 20,873,530 (9,365,326) 11,508,204 51,614 51,614 42,842,185 Accounts Payable Accrued Billing and Collection Fees Accrued Commissions Accrued Line Cost Accrued Other Expenses Accrued Professionat Fees Accrued Salaries and Wages Federal USF Payable Taxes Payable Total Current Liabilities Deferred Income Deferred Rent Other Noncurrent Liabilities Total Noncurrent Liabilities TOTAL LIABILITIES PARTNERS' CAPITAL TOTAL LIABILITIES & PARTNERS' CAPITAL 6,023,635 1,398, ,953 9,398,764 2,098, , ,748 1,533, ,663 22,107, ,258 2,269, ,722 3,213,860 25,321,502 17,520, ,185

12 ComteI Telcom Assets LP Income Statement For the CaIendar Year 2009 Unaudited Long Distance Revenue Local Revenue ebusiness Revenue Wholesale Revenue Total Operating Revenue 74,533,217 11,193, , ,568, ,675,240 Transmission Costs Billing and Collection Services 3ad Debt Federal USF and PlCC Charges Other Costs Total Cost of Goods Sold Gross Margin 130,259,885 11,435,403 3,138,438 5,149,901 70, ,054,ZI d 41,621,029 Bank Fes Call Center Expense Consulting and Professional Services Credit and Collection Services Insurance Interest Expense Managernen t Fees Marketing Expenses Office Supplies Other Building Expenses Personnel Related Expenses Postage Rent Expense Repair and Maintenance Salaries and Wages Taxes, Filing Fees and Licenses Travel and Entertainment Utilities Other Miscellaneous Expenses Total SG&A Expenses 395, ,118 2,666, , ,730 72, ,202, ,204 70, ,417 76,604 2,919, ,853 17,757,398 2,072, ,503,431 94,323 31,887,797 Earnings before Depreciation and Non-operating Income Depreciation Other Non-Operating Income 9,733,232 3,346,666 (2,496,152) Net Income 3,890,414

13 March 30,2010 Via Ovcrnight Delivery 2600 Maitland Center Pkwy. Suite 300 Maitland, FL P.O. Drawer 200 Winter Park, FL Tel: FX Utilities Division-Audit Section Arkansas Public Service Commission IO00 Center Street Little Rock, AR RE: ComteI Telcom Assets LP d/b/a Excel Telecommunications, VarTec TeIecom and Clear Choice Communications AR Local TeIephone Company Annual Report For the year ending December 3 I, 2009 Dear Sir or Madam: EncIosed please find the original and one (1) copy of the AR Local TeIephone Company Annual Report for the year ending December 31,2009, filed on behalf of Comtel Telcom Assets LP d/b/a Excel Telecommunications, VarTec Telecom and Clear Choice Communications. No check is endosed as there are no remittance fees due. This report must be bound with clips (NO STAPLES). Please acknowkdge receipt of this filing by date-stamping the extra copy of this cover Ietter and returning it to me in the self-addressed, stamped cnvelope provided for that purpose. Questions regarding this filing should be directed to my attention at Thank you for your assistance in this matter. Sincerely, Trish Kirby Compliance Reporting Specialist cc: file: Leslie Ellis - ComteI Telcom Assets LP d/b/a Excel Telecommunications, VarTec Telecom and Clear Choice Communications ComteI Telcom Assets LF d/b/a Excel Telecommunications, VarTec Telecom and Clear Choice Communications - Reporting - Arkansas TWsh