MIRA INFORM REPORT

 

 

Report Date :           

03.10.2011

 

IDENTIFICATION DETAILS

 

Name :

UNILEVER PAKISTAN LIMITED

 

 

Registered Office :

Avari Plaza, Fatima Jinnah Road, Karachi - 75530

 

 

Country :

Pakistan

 

 

Financials (as on) :

31.12.2010

 

 

Year of Establishment :

1948

 

 

Com. Reg. No.:

0000140

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufactures and sells Consumer and Commercial Food Products

 

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 :

Good

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, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Pakistan

b2

b2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

                                   

Business Name

 

UNILEVER PAKISTAN LIMITED

 

 

Full Address       

 

Registered Address

Avari Plaza, Fatima Jinnah Road, Karachi - 75530, Pakistan

                       

Tel #

92 (21) 35660062 - 29 (8 Lines)

Fax #

92 (21) 35681705

Website

www.unileverpakistan.com.pk

 

 

Short Description Of Business

 

a.

Nature of Business        

Manufactures and sells Consumer and Commercial Food Products

b.

Year Established

1948

c.

Registration #

0000140

 

 

Factories Location

 

(1) Laghari Road, Rahim Yar Khan, Pakistan.

 

(2) 46 K.M., Multan Road, Lahore, Pakistan.

 

(3) 32, West Wharf Road, Karachi, Pakistan.

 

(4) Brooke Bond Nagar, Khanewal, Pakistan

 

 

Auditors

 

M/s A. F. Ferguson & Co.

(Chartered Accountants)

 

 

Legal Status

 

The Company is a limited liability company incorporated in Pakistan and is listed on the Karachi, Lahore & Islamabad Stock Exchanges.

 

 

Details of Directors

 

Names

Designation

Mr. Ehsan Ali Malik

 

Mr. Imran Hussain

 

Mr. M. Qayser Alam

 

Mr. Amir R. Paracha

 

Ms. Shazia Syed

 

Mr. Zaffar A. Khan

 

Mr. Khalid Rafi

Chairman & Chief Executive

 

Executive Director / CFO

 

Director

 

Director

 

Director

 

Director

 

Director

 

 

Categories of Shareholders                

 

Categories

    Percentage (%)

Associated Companies, Undertakings and related parties

 

ICP

 

Directors, CEO and their spouse and minor children

 

Executives

 

Public sector companies and corporations

 

Banks, DFI’s, Non-Banking Institutions

 

Modarabas & Mutual Funds

 

Insurance Companies

 

Others

 

Individuals

66.80

 

 

1.70

 

 

0.12

 

0.01

 

 

7.25

 

 

0.44

 

0.17

 

3.09

 

12.80

 

7.62

 

 

Parent Company

 

(1) Unilever Overseas Holdings Limited, U.K.(67% shares held)

 

 

Products

 

Manufactures and sells Consumer and Commercial Food Products.

 

 

Number of Employees

 

1,000 - 1,500

 

 

Plant Capacity & Production

 

                                                            Annual Capacity                      Actual Production

                                                        2010                   2009              2010                    2009

                                                     ----------------------------Metric Tons------------------------

           

Own manufacture       

Home and personal care              60,385                57,913           51,429                 46,299

Beverages                                      62,377               58,587            33,861                 34,240

 

                                                    ---------------------------Million Litres------------------------

 

Ice Cream                                            77                      77                   49                        37

 

Note:

 

Annual capacity of Home and Personal Care and Beverages has been decreased due to dismantling of excess shampoo and beverage lines. The actual production is lower than the capacity on account of lower sales volume.

 

Annual Sales Volume

 

Years

In Pak Rupees

2009

2010

38,187,582,000/-

44,671,507,000/-

 

 

Authorized Distributors

 

 Mainly exist at all important cities of Pakistan

 

 

Bankers

 

·         The Royal Bank of Scotland, Pakistan.

·         Faysal Bank Limited, Pakistan.

·         Habib Bank Limited, Pakistan.

·         Habib Metropolitan Bank Limited, Pakistan.

·         Bank Alfalah Limited, Pakistan.

·         NIB Bank Limited, Pakistan.

·         Soneri Bank Limited, Pakistan.

·         Allied Bank of Pakistan.

·         MCB Bank Limited, Pakistan.

·         (10) Askari Bank Limited, Pakistan.

·         (11) Deutsche Bank AG, Pakistan.

 

 

Exporting Countries

 

Mainly to Europe & Middle East Countries

 

 

Future Outlook

 

It will continue to implement with confidence its strategy to grow Company through exciting innovation, selected investment behind brands that deliver a sustained growth.

 

Memberships

 

·         Federation Pakistan Chamber of Commerce & Industry.(FPCCI)

 

 

Foreign Exchange Rates

 

Currency

 

Unit

Pakistani Rupee

US Dollar

1

           Rs. 86.00

UK Pound

1

           Rs. 139.30

Euro

1

           Rs. 121.20

 

 

Comments

 

Subject Company enjoys good reputation in the Pakistan Business Circle. Directors of the Company are reported as qualified, experienced and resourceful businessmen. Payments are usually correct and as per commitments. Company can be considered for normal business dealings at usual trade terms and conditions.

 

 


FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.93

UK Pound

1

Rs.76.51

Euro

1

Rs.66.65

 

 

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.