MIRA
INFORM REPORT
|
Report Date : |
17th
November, 2006 |
IDENTIFICATION
DETAILS
|
Name : |
UNILEVER
BANGLADESH LTD. |
|
|
|
|
Registered Office : |
51,Kalurghat Heavy Industrial Area,, Chittagong |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
05.07.1973 |
|
|
|
|
Com. Reg. No.: |
C-4033 |
|
|
|
|
Legal Form : |
Public
Limited Company |
|
|
|
|
Line of Business : |
Engaged
in manufacturing and selling of Detergent Powder, Soaps & Toiletries, and
exporter of Teas & Petroleum Jelly. |
RATING & COMMENTS
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular
|
|
|
|
|
Litigation : |
Clear |
Company name
UNILEVER
BANGLADESH LIMITED
Address
Zn Tower,
Plot No.2,
Road No.8,
Gulshan-1,
Dhaka1212,
Bangladesh.
Mailing Address
P.O.Box. No.125,
Chittagong,
Registered Office
51,Kalurghat Heavy Industrial Area,
Chittagong,
Telephone :880-2-9888452
Fax :
880-2-8811560
Telex : 66313 LBTEA
E-Mail : leverbros@unilever.com
SUMMARY
Established : 1964
Incorporation No. : C-4033
Incorporation Dated : 5th July,1973
Status : Satisfactory
Managing Director & CEO : Mr.Sanjib Meheta
Payment : Regular
Litigation : Nil
Capital Invested : Tk.5 billion
Sales : Tk.9 billion
Employees : 439
Executives- 7
Junior Executives- 23
Engineer- 5
Junior Engineer- 9
Chemist- 6
Support Staffs- 21
Field Staffs- 39
Supervisory Staff- 22
General Staffs- 19
Workers- 288
BANK
Standard Chartered Bank
Agrabad Commercial Area,
Chittagong,
FACTORY
51,Kalurghat Heavy Industrial Area,
Chittagong,
BRANCHES
Ø
Sylhet
Ø
Khulna
Ø
Bogra
Ø
Rajshahi
Ø
Barishal &
Ø
Rangpur
OFFICE AREA
4,800 sq.ft.(rented)
FACTORY AREA
98,900 sq.ft (own)
WAREHOUSE AREA
6,500 sq.ft.(rented)
DIRECTORS & SHAREHOLDERS
Mr.Sanjib Meheta
-Chairman & Managing Director
Mr.Amal Cabraal
Mr.Sreenivas Nagappa
Mr.Kamran Bkth
Mr.M.A.Abdullah
Mr.Rezaul Haque Chowdhury
HISTORY
The subject was established in 1964
as a fully owned subsidiary of Unilever Plc of London and the name was Lever
Brothers Pakistan Limited. After the liberation of Bangladesh the company was
renamed as Lever Brother Pakistan Bangladesh Limited. In 2005 as per the policy
of Unilever Plc., London the name of the company was changed as Unilever
Bangladesh Limited.
BUSINESS
The company is engaged in
manufacturing and selling of Detergent Powder, Soaps & Toiletries, and
exporter of Teas & Petroleum Jelly.
RANGE OF PRODUCTS
Ø
Soaps
Ø
Toiletries
Ø
Detergent Powders
Ø
Skins care Creams
Ø
Packaging of Teas
MAIN BRANDS
Ø Lux
Ø Wheels
Ø Lifeboy
Ø Fair &
Lovely
Ø Ponds
Ø Close Up
Ø Sunsilk
Ø Lipton
Ø Tazza
Ø
Jat Pat
MAIN EXPORT TO
Pakistan (Tea)
Sri Lanka (Petroleum Jelly)
NAME OF PARENT COMPANY
Unilever Plc, London,
SHAREHOLDER POSITION
Unilever
Plc---------------------60.75%
Government of Bangladesh--- 39.25%
MEMBER
Ø
Foreign Chamber of Commerce & Industries, Dhaka
Ø
Soap Manufacturers Association of Bangladesh,Dhaka
Ø
Tea Traders Association of Bangladesh, Chittagong
Ø
Bangladesh Health Care products Association, Dhaka
Ø
Chittagong Chamber of Commerce & Industry, Chittagong
LEGAL FORM
The subject is a public limited
company incorporated with the Registrar of Joint Stock of Companies Dhaka.
FINANCIAL INFORMATION
2005 2004 2003
Capital Invested Tk.5
billion Tk.5 billion Tk.4.8
billion
Turnover Tk.9 billion Tk.8.5
billion Tk.8.8 billion
Liability Tk.21.3 million Tk.21.5
million Tk.21.1 million
Fixed Assets Tk.5.5 billion Tk.5.4
billion Tk.5.3 billion
CAPITAL STRUCTURE
Authorized Capital : Tk.2 billion
Paid up Capital : Tk.1260 million
Each share value : Tk.100.00 each
EXCHANGE RATE
GB Pound 1.00=Tk.130.9764
US Dollar 1.00=Tk. 69.8000
Europe Euro 1.00=Tk.
89.3847
Japanese Yen 1.00=Tk. 0.6098
Australian Dollar 1.00=Tk.
53.3891
COMMENTS
Subject is a wholly owned
subsidiary company of Unilever plc-an Anglo Dutch multinational company engaged
in manufacturing soaps, toiletries, skin care products ,packaging/marketing of
Teas and exporting of Teas & Petroleum Jelly. The company’s products are
very popular all over the country.
Directors are from various
nationalities and all are professional people.
The company is good for any normal
business dealings.
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|