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Report Date : |
09.02.2013 |
IDENTIFICATION DETAILS
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Name : |
TELUS CORPORATION |
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Registered Office : |
555 Robson Street, Ste 8,
Vancouver, British Columbia V6B 3K9 |
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Country : |
Canada |
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Date of Incorporation : |
26.10.1998 |
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Legal Form : |
Public Company |
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Line of Business : |
Service provides telecommunications products and services |
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No. of Employees : |
41,100 |
RATING & COMMENTS
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MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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Status : |
Good |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Canada |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
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 and 2011 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.
|
Source : CIA |
Company name: TELUS CORPORATION
Address: 555 Robson Street, Ste
8, Vancouver, British Columbia V6B 3K9,
Canada
Telephone: +1
604-432-2151
Fax: +1 604-432-9681
Website: www.telus.com
Corporate ID#: BC-0000573792
State: British Columbia
Judicial form: Public Company (TSX = T)
Date incorporated: 10-26-1998
Stock: 174,910,546
shares
Market value: CAD
11,720,755,687=
(as of Feb 7, 2013)
Name of manager: Darren ENTWISTLE
Business:
TELUS Corporation provides telecommunications products and services
primarily in Canada.
Its telecommunications products and services include wireless, data,
Internet protocol (IP), voice, and television.
The company operates through two segments, Wireless and Wireline.
The Wireless segment provides digital personal communications, equipment
sales, and wireless Internet services.
The Wireline segment offers voice local and voice long distance
services; data services, which include television, and managed and legacy data
services, as well as Internet, enhanced data, and hosting services; and other
telecommunications services.
As of December 4, 2012, it has 13 million customer connections,
including
7.6 million wireless subscribers, 3.5 million wireline network access
lines, 1.3 million Internet subscribers, and 635,000 TELUS TV customers.
Staff: 41,100
Operations & branches:
At the headquarters, we
find the corporate headquarters.
Shareholders:
The Company is listed with the Toronto Stock Exchange under symbol T,
and the New York Stock Exchange under symbol TU.
Management:
Mr. Darren ENTWISTLE, B.A., M.B.A. serves as the Chief Executive Officer
of TELUS Quebec.
Mr. Entwistle serves as the Chief Executive Officer and President of
Telus Communications Inc. He serves as the Chief Executive Officer and
President of Telus of Bear Mountain Master Partnership. He has been the Chief
Executive Officer and President at TELUS Corporation of Telus Communications
Inc. since July 10, 2000. He serves as the Chief Executive Officer and
President of Tele-Mobile Company. He served as Interim Chief Executive Officer
and President of Telus Mobility at TELUS Corporation since October 19, 2005.
Mr. Entwistle began his career at Bell Canada in 1988 and joined Mercury
Communications Ltd. in 1993 in the UK, holding key positions in corporate
finance and strategy.
He served as the Merger Director of Cable & Wireless plc and
implemented the largest merger in UK history and the world's first four-way
merger, involving cable-TV and telecom companies. He served as the Managing
Director of Business of Cable & Wireless Communications plc from May 1997
to August 1999, Chief Commercial Officer of Cable & Wireless, UK &
Europe from August 1999 to April 2000 and the President of Global Services of
Cable & Wireless, UK & Ireland from May 2000 to July 2000. Mr.
Entwistle has been a Director of TELUS Corporation since 2000. He serves as a
Director of George Weston. He has been a Director of Telus Communications Inc.
since July 10, 2000 and Tele-Mobile Company since 2000. He serves as a Director
of Vancouver 2010 Bid Corporation. He served as an Independent Director of The
Toronto-Dominion Bank from November 2001 to April 3, 2008. He served as a
Director of TD Bank Financial Group. He was the Chairman of the Royal
Conservatory of Music's Capital Campaign. He serves as a Director/ Member of
Board of Governors at McGill University. He serves on a number of boards,
including the Canadian Council of Chief Executives. He is a Member of Board of
Governors at International Institute of Telecommunications. He was a Director
of Vancouver Symphony Orchestra and the Leading Edge Endowment Fund.
Mr. Entwistle holds a Bachelor of Economics (Honours) degree from
Concordia University and an MBA in Finance from McGill University.
He also holds a Diploma in Network Engineering from the University of
Toronto.
John GOSSLING is Executive Vice President and CFO.
As far as we know, they are involved in several other corporations.
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12/2011 |
12/2010 |
12/2009 |
12/2008 |
12/2007 |
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Operating Revenue |
10,397 |
9,792 |
9,606 |
9,653 |
9,074 |
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Total Net Income |
1,219 |
1,048 |
1,002 |
1,128 |
1,258 |
||
On attachment:
- 10K 2011
- 3rd 10Q 2012
Banks: Scotia Bank
National Bank of Canada
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: Several
Haut du formulaire
Trade references:
Date reported: December 2012
High credit: CAD 120,000
Now owing: 0
Past due: 0
Last purchase: November 2012
Line of business: Office supply
Paying status: On terms
Date reported: December 2012
High credit: CAD 60,000,000+
Now owing: 0
Past due: 0
Last purchase: November 2012
Line of business: Payroll
Paying status: As agreed
Domestic credit history:
National Credit Bureaus
gave a satisfying credit rating.
According to our credit analysts, during the last 6 months, payments
were made on terms.
Other comments:
The Company maintains a
strong business.
The bank confirmed a
regular account.
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.53.57 |
|
|
1 |
Rs.84.25 |
|
Euro |
1 |
Rs.71.78 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
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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 |
|
<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.