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Report Date : |
18.03.2014 |
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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Financials (as on) : |
31.12.2013 |
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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 : |
· Subject provides telecommunications products and services primarily in Canada. Its telecommunications products and services include wireless, data, Internet protocol (IP), voice, and television. · Subject also operates through two segments, Wireless and Wireline |
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No. of Employees : |
42,300 |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
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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) |
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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: 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: 622,957,057
shares
Market value: CAD 24,077,290,253 (as of 03-14-2014)
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.
Staff: 42,300
Operations
& branches:
At the
headquarters, we find the corporate headquarters.
The Company
maintains several branches in Canada.
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.
Consolidate
sales 2013: CAD 11,336,000,000=
Net
profit: CAD 1,294,000,000=
On
attachment:
- 10K 2013
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: January 2014
High
credit: CAD 120,000
Now owing: 0
Past due: 0
Last purchase:
December 2013
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: December 2013
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 prompt and regular.
Other
comments:
The Company
is developing 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.61.52 |
|
|
1 |
Rs.102.22 |
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Euro |
1 |
Rs.85.23 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
RATING EXPLANATIONS
|
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 |
|
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.