MIRA INFORM REPORT

 

 

Report Date :

06.06.2012

 

IDENTIFICATION DETAILS

 

Name :

TECK RESOURCES LIMITED

 

 

 

 

Registered Office :

Suite 3300, Bentall 5, 550 Burrard Street Vancouver, BC Canada V6C 0B3

 

 

 

 

Country :

Canada

 

 

 

 

Financials (as on) :

31.12.2010

 

 

 

 

Year of Establishment :

1906

 

 

 

 

Legal Form :

Corporation for Profit

 

 

 

 

Line of Business :

Minning Company

 

 

 

 

No. of Employees :

8,300

 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Canada

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

GEOPOLITICS – CANADA

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: USD

Branch Situation:Stable

 

 

IDENTIFICATION

 

Comments on data supplied:

Dear client;

The address provided is one of the sales offices.

Legal Name:

TECK RESOURCES LIMITED

Trade Name:

TECK

Legal Address

Suite 3300, Bentall 5, 550 Burrard Street

Vancouver, BC Canada V6C 0B3

Operative Address

Suite 3300, Bentall 5, 550 Burrard Street

Vancouver, BC Canada V6C 0B3

Telephone:

604-699-4000

ID :

4460561

Fax:

604-699-4750

Legal Form:

Corporation for Profit

Email:

info@teck.com

Registered in:

Canada

Website:

http://www.teck.com

Date Created:

1906

Manager:

Don Lindsay, President and CEO

Date Incorporated:

January 2008

Staff:

8,300

Stock:

9,353,470

 

 

Value:

NA

Activity:

Minning company

 

 

BANKS

 

Name of the Bank

ROYAL BANK OF CANADA

 

BUSINESS

 

HISTORY

 

The company was created in 1906.

 

On July 29, 2008 Teck Cominco announced an agreement with Fording Canadian Coal Trust, which owned a 60% stake in the Elk Valley Coal Partnership, to purchase 100% of its assets.

 

The company was changed to Teck Resources Ltd. on 23 April 2009

PRINCIPAL ACTIVITY

 

Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, metallurgical coal, zinc and energy.

Products/Services description:

 

Teck Resources Limited engages in the exploration for, and the development and production of, natural resources.

 

The company’s principal products are copper concentrate and copper cathode, metallurgical coal, and zinc concentrate and refined zinc

 

Work on a two-phase extension program is ongoing and is expected to extend the mine’s production life to 2020. Highland Valley Copper is an open pit operation. The processing plant uses autogenous and semi-autogenous grinding and flotation to produce metal in concentrate from the ore.

Sales are:

 

Wholesale

Brands:

 

Teck Coal Limited

Teck American Incorporated

Teck Operaciones Mineras Chile Limitada

Teck Metals Ltd.

Clients:

 

Companies related to minning

Operations area:

 

National, International

The company exports to U.S., Latin America, Europe.

The subject employs 8,300 employees

PAYMENTS

 

Regular

LOCATION

Headquarters

 

550 Burrard Street, Suite 3300, Bentall 5, Vancouver, BC V6C 0B3, Canada.

Branches:

 

#1700 - 11 King Street West

Toronto, ON Canada M5H 4C7

t: 647.788.3000

f: 647.788.3001

 

Highland Valley Copper

PO Box 1500, Logan Lake, BC Canada, V0K 1L0

 

Teck Coal Limited

Suite 1000, 205 - 9th Avenue S.E.

Calgary, AB Canada T2G 0R3

t: 403.767.8500

Toll-free: 1.888.767.7718

f: 403.264.7339

 

Teck Metals Ltd.

Product Technology Centre

2380 Speakman Drive

Mississauga, ON Canada L5K 1B4

t: 905.287.2715

f: 905.822.2043

 

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

YES

Capital:

 

Total Number of Holders 288

% of Shares Outstanding            45.79%

Total Shares Held          264,020,071

Total Value of Holdings   7,754,269,485

Net Activity        (11,219,968)

 

Shareholders Parent Company(ies):

 

Top 5 Holders

 

BLACKROCK GROUP LTD         26,196,004

ROYAL BANK OF CANADA       24,507,066

BLACKROCK INC.                     12,037,626

I.G. INVESTMENT MANAGEMENT, LTD.            11,354,547

BMO FINANCIAL CORP             10,414,447

Management:

 

Norman B. Keevil, Chairman of the Board, Teck Resources Limited

 

Warren S. R. Seyffert, Deputy Chairman & Lead Director

 

Donald R. Lindsay, President and Chief Executive Officer, Teck Resources Limited

 

Ichiro Abe, Director & Senior Managing Executive Officer, General Manager of Mineral Resources Division, Sumitomo Metal Mining Co., Ltd.

 

Mayank M. Ashar, President and CEO, Irving Oil

 

J. Brian Aune, President, Aldervest Inc.

 

Jalynn H. Bennett, President, Jalynn H. Bennett and Associates Ltd.

 

Hugh J. Bolton, Chairman, Board of Directors, Epcor Utilities Inc.

 

Felix P. Chee, Special Advisor, China Investment Corporation, Beijing

 

Jack L. Cockwell, Chairman, Brookfield Asset Management Inc.

 

Norman B. Keevil III, Corporate Director

 

Takashi Kuriyama, Executive Vice-President, Sumitomo Metal Mining America Inc.

 

Janice G. Rennie, Corporate Director

 

Christopher M. T. Thompson, Corporate Director

Related Companies:

 

Dbs Bank Ltd.

4th Floor Paternoster House 65 St Paul S Churchyard London Ec4m 8ab Gb

 

Compania Minera Antamina S.A.

Torre 1 Oficina 801 Av El Derby No Surco Lim Peru

 

Molibdenos Y Metales S.A.

Huerfanos 812 Of 612 Santiago Chile Phone 56 2 3683600 Fax 56 2 3683653 3683680

 

Subsidiaries:

 

Camelot Resources NL (Australia); Central Asian Gold Corp.; Minera Teck Chile, S.A.; Mineral Teck dos Brasil Ltda. (Brazil); Minera Teck Panama, S.A.; Minera Teck Peru, S.A.; Minera Teck S.A. de C.V., Mexico; Nunachiaq Corporation; Teck Australia Pty Ltd.; Teck-Bullmoose Coal Inc.; Teck Exploration Ltd.; Teck Financial Corporation Ltd. (Bermuda); Teck Gold Ltd. (Bermuda); Teck-Hemlo Inc.; Teck Mining Group Ltd.; Teck Resources Inc.; Teck Resources International Ltd. (Bermuda).

 

 

 

 

 

 

 

 

 

 

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

 

Teck is classified as a foreign private issuer in connection with its listing on the NYSE

 

Please find attached the financial statements of the company.

 

Legal Fillings

 

 The sources consulted record no detrimental legal or labor court information.

 

 

Rating

 

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.

 

 

 Final Opinion

 

TECK RESOURCES LIMITED known as Teck Highland Valley Copper Partnership or Teck, is a company with over 100 years of experience in the market, and 8,3000 employees world wide, also they have representations around the world. This company is listed at the stock exchange (NYSE) as TCK.

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

CORRECT

Public

NO

 

Indebtedness

CONTROLLED

Payments

REGULAR

 

Cash

NORMAL

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.56

UK Pound

1

Rs.85.52

Euro

1

Rs.69.50

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.