MIRA
INFORM REPORT
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Report Date : |
04.03.2011 |
IDENTIFICATION DETAILS
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Name : |
TECK COAL LIMITED |
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Registered Office : |
205 - |
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Country : |
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Year of Establishment : |
1972 |
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Legal Form : |
Limited Company |
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Line of Business : |
Diversified mining, mineral processing and metallurgical company |
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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Maximum Credit Limit : |
USD 2 000 000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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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 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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 |
GEOPOLITICS –
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: 100.00 CAD = 102.900 USD |
IDENTIFICATION
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Legal Name: |
Teck Coal Limited |
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Legal Address |
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Telephone: |
(403) 767-8500 |
ID : |
NA |
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Fax: |
(403) 265-8794 |
Legal Form: |
Limited Company |
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Email: |
Registered in: |
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Website: |
http://www.teck.com/Generic.aspx?portalName=tc |
Date Created: |
1972 |
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Manager: |
Mr. Boyd Payne, CEO |
Date Incorporated: |
NA |
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Staff: |
2,600 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Diversified mining, mineral processing and metallurgical company. |
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BANKS
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Name of the Bank |
Royal Bank of |
BUSINESS
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HISTORY |
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The company was founded in 1972 |
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PRINCIPAL ACTIVITY |
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Diversified mining, mineral processing and metallurgical company. |
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Products/Services description: |
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The company provides metallurgical coal for making steel in integrated
steel mills, and thermal coal for thermal power plants and cement
manufacturers. |
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Sales are: |
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Wholesale |
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Clients: |
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Professionals of the industry |
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Operations area: |
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National, International |
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The company export to worldwide, depending on the demand |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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The company is headquartered at: |
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Branches: |
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The company operates coal mines in Southeastern British Columbia and |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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This is a private company, which is a subsidiary of Fording Canadian
Coal Trust. |
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Management: |
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Mr. Boyd Payne, CEO Mr. R. James Brown, CFO and Vice President Mr. Greg Lake, CIO |
Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial
statements. |
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We have contacted the operator of the company who refused to provide
us any financial data without knowing the name of the inquiring party. |
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However our financial sources could provide us with the following
data. Those figures are estimates provided by confidential banking and
financial institutions working with the company. |
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Currency |
DATE |
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USD |
2009 |
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Turnover |
575,000,000 (estimates) |
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The cash flow is |
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Legal Fillings |
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The sources consulted record no
detrimental legal or labor court information. |
Rating
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Local credit bureau gave a Correct credit rate. The company is in Good Standing. This means that all local and federal
taxes were paid on due date. |
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Final Opinion |
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This is a big sized Canadian company, which employs 2,600 persons and
has been in business since 1972. There were lo legal filings found against the company or its
representatives. The company's income remains pretty fair for its size and the business
is evolving in a stable sector. A credit line may be consider for USD 2,000,000.- |
SUMMARY
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Profitability |
CORRECT |
Public |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
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APPENDIX
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Position |
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Operator |
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Comments |
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The person contacted refused to provide the name of the suppliers for
us to check trade references. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.96 |
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1 |
Rs.73.37 |
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Euro |
1 |
Rs.62.33 |
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 |
-- |
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.