|
Report Date : |
04.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
UNILEVER BANGLADESH LIMITED |
|
|
|
|
|
|
Registered Office : |
ZN Tower, Plot No.2, Road No.8, Gulshan-1, Dhaka
-1212 |
|
|
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
|
|
Date of Incorporation : |
05.07.1973 |
|
|
|
|
|
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Com. Reg. No.: |
CH-4033A |
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|
|
|
|
|
Legal Form : |
Public Limited |
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|
|
|
|
|
Line of Business : |
Manufacturer &
Seller of Detergents, Toiletries and Teas |
|
|
|
|
|
|
No. of Employees : |
11,000 |
|
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 : |
Regular |
|
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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Bangladesh |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
BANGLADESH - ECONOMIC OVERVIEW
The economy has grown 5-6%
per year since 1996 despite political instability, poor infrastructure, corruption,
insufficient power supplies, and slow implementation of economic reforms.
Bangladesh remains a poor, overpopulated, and inefficiently-governed nation.
Although more than half of GDP is generated through the service sector, 45% of
Bangladeshis are employed in the agriculture sector with rice as the
single-most-important product. Bangladesh's growth was resilient during the
2008-09 global financial crisis and recession. Garment exports, totaling $12.3
billion in FY09 and remittances from overseas Bangladeshis, totaling $11
billion in FY10, accounted for almost 12% of GDP.
Source
: CIA
|
Name |
Unilever
Bangladesh Limited |
|
Address |
51 Kalurghat Heavy Industrial Area,
Chittagong |
|
Country |
Bangladesh |
|
Telephone No |
880-2-9888452 |
|
Fax No |
880-2-8811560 |
|
E-Mail |
leverbros@unilever.com.bd |
|
Website |
www.unilever.com.bd |
|
Established |
1973 |
|
Company Registration No |
CH-4033A |
|
Registration date |
5th July 1973
|
|
Legal Status |
Public Limited |
|
Issuing Authority |
The
Registrar of Joint Stock Companies & Firms, Chittagong |
|
Business Type |
Manufacturer & Seller |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
|
Registered Office |
ZN Tower, Plot
No.2, Road No.8, Gulshan-1, Dhaka -1212 |
|
Telephone No |
880-2-9888452 |
|
Fax No |
880-2-8811560 |
|
E-Mail |
|
|
Website |
www.unilever.com.bd |
|
Branch |
NIL |
|
Factory |
51 Kalurghat Heavy Industrial Area, Chittagong |
|
Factory Tel No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
51 Kalurghat Heavy Industrial Area, Chittagong |
|
Name |
Mr. Kamran
Bakr |
|
Designation |
Chairman &
Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Michael
Treschow |
|
Designation |
Director |
|
Nationality |
N/A |
|
|
|
|
Name |
Ms. Louise Fresco |
|
Designation |
Director |
|
Nationality |
N/A |
|
|
|
|
Name |
Ms. Ann Fudge |
|
Designation |
Director |
|
Nationality |
N/A |
|
|
|
|
Name |
Mr. Charles Golden |
|
Designation |
Director |
|
Nationality |
N/A |
|
|
|
|
Name |
|
|
Designation |
Director |
|
Nationality |
N/A |
|
|
|
|
Name |
Mr. Sunil Bharti Mittal |
|
Designation |
Director |
|
Nationality |
Indian |
|
|
|
|
Name |
Ms. Hixonia Nyasulu |
|
Designation |
Director |
|
Nationality |
N/A |
|
Name |
Unilever PLC |
|
Share Percent |
60.75% |
|
Country |
England |
|
|
|
|
Name |
Government of People’s Republic of Bangladesh |
|
Share Percent |
39.25% |
|
Country |
Bangladesh |
|
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
Purchase |
Local: Cash or Credit |
|
Name |
Standard
Chartered Bank |
|
Branch |
Agrabad Branch |
|
Address |
Agrabad Commercial Area, Chittagong |
|
SWIFT |
SCBLBDDXCTG |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.7 billion |
Tk.6.8 billion |
Tk.6.4 billion |
|
Turnover |
Tk.11 billion |
Tk.10.7 billion |
Tk.10.2 billion |
|
Liability |
Tk.16.8 million |
Tk.18 million |
Tk.18.7 million |
|
Assets |
Tk.4.8 billion |
Tk.4.2 billion |
Tk.4 billion |
|
Authorized
Capital |
Tk.2 billion |
|
Paid Up Capital |
Tk.1250 million |
|
Each Share Value |
Tk.100.00 |
|
Name |
Mr. Iqbal |
|
Designation |
Finance Manager |
|
Contact |
880-2-9-888452 |
|
Date |
03.09.2012 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
129.3873 |
|
U.S Dollar |
1 |
81.7200 |
|
European Euro |
1 |
102.3870 |
|
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 |
|
Employees |
11,000 |
|
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 |
|
Brand Name |
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 |
|
Parent Company |
4 Unilever PLC-England |
|
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, 4 Tea Traders Association of
Bangladesh, Chittagong 4 Chittagong Chamber of Commerce & Industries, Chittagong |
|
Business Scale |
Large |
|
Business Trend |
Growing |
|
Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.45 |
|
|
1 |
Rs.87.98 |
|
Euro |
1 |
Rs.69.69 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.