MIRA
INFORM REPORT
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Report Date : |
22.10.2007 |
IDENTIFICATION DETAILS
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Name : |
UNILEVER BANGLADESH LIMITED |
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Registered Office : |
51, Kalurghat Heavy Industrial Area, |
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Country : |
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Date of Incorporation : |
5th July, 1973 |
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Com. Reg. No.: |
C-4033 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Engaged in manufacturing and selling of detergents,
toiletries and teas. |
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 : |
Clear |
Report on
UNILEVER
BANGLADESH LIMITED
Address
51, Kalurghat Heavy Industrial Area
Head Office Address
ZN Tower,
Plot No.2,
Road No.8,
Gulshan-1,
Dhaka-1212,
Telephones : 880-2-9888452
Fax : 880-2-8811560
E-mail : leverbros@unilever.com
Mailing Address
P.
O. Box No.125,
SUMMARY
Established :
1964
Incorporation
No. :
C-4033
Incorporation
Dated : 5th
July, 1973
Managing
Director & CEO :
Mr. Sanjib Mehta
Employees
462
Executives- 07
Junior
Executive- 23
Engineers- 05
Junior
Engineers- 10
Chemists- 08
Quality
Control- 20
Field
Staffs- 39
Support
Staffs- 21
Supervisory
Staffs- 22
General
Staffs- 19
Workers- 288
BANK
Standard
Chartered Bank
Agrabad
Branch,
Agrabad
Commercial Area,
FACTORY
51, Kalurghat Heavy Industrial Area
OFFICE AREA
4,800 sq.
ft. (rented)
FACTORY AREA
98,900 sq.
ft (own)
WAREHOUSE AREA
6,500 sq. ft
(own)
DIRECTORS &
SHAREHOLDERS
Mr. Sanjib Mehta ---Chairman & Managing Director
Mr. Amal Cabraal
Mr. Sreevivas Nagappa
Mr. Kamran Bakht
Mr. M.A Abdullah
Mr. Rezaul Haque Choudhury
NAME OF THE PARENT
COMPANY
Unilever PLC –
SHAREHOLDERS
POSITION
Unilever PLC ------------------------60.75%
Government of
HISTORY
Subject was established in the year 1964 by Unilever PLC of
BUSINESS
The company is engaged in
manufacturing and selling of detergents, toiletries and teas.
Toiletries
Detergents
Skin care Products
Packet Tea
NAME OF THE BRANDS
Clinic All-Clear
Close up
Fair & Lovely
Lakme
Lifebuoy
Lipton Taaza
Pepsodent
Lux
Pond’s
Rexona
Sunsilk
Surf Excel
Vim
Wheel
MAJOR CLIENTS
Local Consumers
NAME OF GROUP
NIL
GROUP COMPANIES
NIL
MEMBER
Foreign Chamber of Commerce & Industries,
Soap
Manufacturers Association of
Bangladesh Health Care products Manufacturers Association,
Tea Traders Association of
LEGAL FORM
Subject is a Public limited company incorporated with the
Registrar of Joint Stock of Companies Dhaka.
FINANCIAL
INFORMATION
2006 2005 2004
Capital
Invested Tk.5.5 billion Tk.5
billion Tk.5 billion
Turnover
Tk.10 billion Tk.9 billion Tk.8.8 billion
Liability Tk.21.1 million Tk.21.3 million Tk.21.5 million
Fixed Assets
Tk.3.6 billion Tk.3.5 billion Tk.3.5 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.140.1706
US Dollar 1.00=Tk.
69.4850
Japanese
Yen 1.00=Tk. 0.5712
Australian
Dollar 1.00=Tk. 59.7270
COMMENTS
Subject is a private limited company which is owned by
Unilever PLC, an Anglo-Dutch multinational company and the Government of
Bangladesh. They are engaged in manufacturing of detergents, toiletries, skin
care products and packet teas. The qualities of their products are very good
and are very popular in the local market.
Directors are well conversant in their line of trade and they
are also experienced businessman. They are financially solvent and good at
their business commitments, it is reported.
The company is good for normal business engagements.
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)