MIRA INFORM REPORT
|
Report Date : |
04.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
UNILEVER BANGLADESH LIMITED |
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Registered Office : |
ZN tower, Plot 2, Road 8, Gulshan-1, Dhaka -1212 |
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Country : |
Bangladesh |
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Date of Incorporation : |
05.07.1973 |
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Com. Reg. No.: |
C-4033 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
manufacturing & selling of detergent, toiletries, skin care products and
packet teas |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$ 60,000.00 |
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|
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Bangladesh |
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
COMPANY DETAILS
|
Name |
Unilever Bangladesh Limited |
|
Address |
51 Kalurghat Heavy Industrial Area, Chittagong |
|
Country |
Bangladesh |
|
Telephone No |
880-2-9888452 |
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Fax No |
880-2-8811560 |
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E-Mail |
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|
Website |
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Established |
July 1973 |
|
Company Registration No |
C-4033 |
|
Registration date |
5th July 1973 |
|
Legal Status |
Private Limited |
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Issuing Authority |
The Register of Joint Stock Companies & Firms, Dhaka |
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Business Type |
Manufacturer & Seller |
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Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
LOCATIONS
|
Head Office |
ZN tower, Plot
2, Road 8, Gulshan-1, Dhaka -1212 |
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Telephone No |
880-2-9888452 |
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Fax No |
880-2-8811560 |
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E-Mail |
|
|
Website |
|
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Branch |
NIL |
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Factory |
51 Kalurghat Heavy Industrial Area, Chittagong |
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Factory Telephone No |
N/A |
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Factory Fax No |
N/A |
|
Warehouse |
51 Kalurghat Heavy Industrial Area, Chittagong |
DIRECTORS
|
Name |
Mr. Rakesh Mohan |
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Designation |
Chairman & Managing Director |
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Nationality |
Indian |
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Name |
Mr. Mizanur Rashid |
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Designation |
Director |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Jerry Jose |
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Designation |
Director |
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Nationality |
N/A |
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|
Name |
Mr. Naushad Chowdhury |
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Designation |
Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Unilever PLC |
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Share Percent |
60.75% |
|
Country |
England |
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|
|
|
Name |
Government of People’s Republic of Bangladesh |
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Share Percent |
39.25% |
|
Country |
Bangladesh |
BUSINESS DETAILS
|
Line of Business |
Manufacturer & Seller |
|
Items Dealing In |
Detergents,
Toiletries and Teas |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit |
BANKERS
|
Name |
Standard
Chartered Bank |
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Branch |
Agrabad Branch |
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Address |
Agrabad Commercial Area, Chittagong |
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SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2010 |
2009 |
2008 |
|
Investment |
Tk.6.8 billion |
Tk.6.4 billion |
Tk.6 billion |
|
Turnover |
Tk.10.7 billion |
Tk.10.2 billion |
Tk.9.7 billion |
|
Liability |
Tk.18 million |
Tk.18.7 million |
Tk.19 million |
|
Assets |
Tk.4.2 billion |
Tk.4 billion |
Tk.3.7 billion |
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.2 billion |
|
Paid Up Capital |
Tk.1250 million |
|
Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
120.3079 |
|
U.S Dollar |
1 |
74.2000 |
|
European Euro |
1 |
105.3566 |
ADVERSE DATA MONITORING
|
Dishonored
Checks |
No Found |
|
Debt |
No Records Found |
|
Litigation |
No Records Found |
|
Performance
Defaults |
No Records Found |
|
Adverse Press
Coverage |
No Records Found |
|
Money Laundering |
No Records Found |
MAXIMUM RECOMMENDED CREDIT
|
Amount |
Based On |
|
US$ 60,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
10,000 |
|
Office Area (Sq.
Ft) |
4,800 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
98,900 sq.ft (own) |
|
Warehouse Area
(Sq. Ft) |
6,500 sq.ft.(own) |
|
Range of
Products |
4 Household Care 4 Fabric Cleaning 4 Skin Cleansing 4 Skin Care 4 Oral Care 4 Hair Care 4 Personal Grooming 4 Tea based Beverages |
|
Name of Brands |
4 Wheel 4 Lux 4 Lifebuoy 4 Fair & Lovely 4 Pond's 4 Close Up 4 Sunsilk 4 Taaza 4 Pepsodent 4 Clear 4 Vim 4 Surf Excel 4 Rexona 4 Axe 4 Dove 4 Vaseline |
|
Major
Clients |
4 Local Consumers |
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Certifications |
NIL |
|
Parent Company |
4 Unilever PLC-England |
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Subsidiaries /
Affiliates |
NIL |
|
Member |
4 Foreign Chamber of Commerce &
Industries, Dhaka 4 Soap Manufacturers Association of
Bangladesh, Dhaka 4 Bangladesh Health Care Products
Manufacturers Association, Dhaka 4 Tea Traders Association of
Bangladesh, Chittagong 4 Chittagong Chamber of Commerce
& Industries, Chittagong |
COMMENTS
The 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 & selling of detergent,
toiletries, skin care products and packet teas. The qualities of their products
are very good and are very popular in the local market.
The 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 reported.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.90 |
|
UK Pound |
1 |
Rs.74.31 |
|
Euro |
1 |
Rs.65.41 |
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 |
|
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.