U.K.-based Unilever PLC and Netherlands-based Unilever N.V. are the joint parent companies of the Unilever group companies. The group is analyzed on a consolidated basis. The ratings on the Unilever group companies reflect the group's superior business profile as one of the world's largest and most diversified companies in the consumer products sector, offset by its moderate financial profile. In the 12 months to June 30, 2002, Unilever had group sales of Ç51.3 billion ($54.7 billion). Foods accounted for about 55% of the group's turnover and 53% of operating profit, with the group leading global markets in various categories including ice cream, tea, sauces, spreads, and frozen foods. The group's other division--home and personal care--includes soaps, deodorants, washing powder, and
