STAR PHARMA AFGHANISTAN (SAMPLE) CO. LTD

Transcription

STAR PHARMA AFGHANISTAN (SAMPLE) CO. LTD
D&B Report - Business Information Report
1 / 10
STAR PHARMA AFGHANISTAN (SAMPLE) CO. LTD
Report Viewed on Jun 23,2014
Subscriber ID: 735222222
Ticket Key: 201406235009231136
Customer Ref: Sample
D&B D-U-N-S
COMPANY NAME
: 85-045-3713
: STAR PHARMA AFGHANISTAN (SAMPLE) CO. LTD
ADDRESS
: Jalal Abad Road
Yaka Tool, District 9
Kabul
Afghanistan
TELEPHONE
FAX
: (93) (20) (1273334)
: (93) (20) (1273335)
WEB PAGE
EMAIL
: www.starph.com
: [email protected]
REGISTRATION #
: 269350
START DATE
: 11/Oct/1994
CONTROL DATE
: 11/Oct/1994
HISTORY
: Clear
EMPLOYEES (Total)
: 14
IMPORTS
: Yes
EXPORTS
: Yes
INCOME
: AFA 22,372,928
NET WORTH (Tangib
: AFA 10,933,795
AUTHORIZED CAPITA
: AFA 3,000,000
ISSUED CAPITAL
: AFA 3,000,000
PAID-UP CAPITAL
: AFA 3,000,000
-----------------------------------------------------------------------------CHIEF EXECUTIVE
: Mir Ali Jubaili
Managing Director
-------------------------------------------------------------------------SIC 5047 -0000 5122 -0000
LOB Wholesales medical and hospital equipment
CURRENCY:
stated.
All
amounts in this report are in local currency unless otherwise
Risk Assessment
Risk Indicator
3
Fair
1
The Dun & Bradstreet Rating of C3 indicates:
4
D&B Rating
C3
Financial Strength
C
Risk Indicator
3 Fair
Based on tangible Net
Worth
D&B Report - Business Information Report
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A Financial Strength of USD 175,000 - 345,000 (based on Net Worth) and a Risk Indicator which is Fair
CURRENT INVESTIGATION
----------------------------------------------------------------------------On 1/Apr/2014, Hassan Zaidan, Manager, Accounts, confirmed all information
this report .
in
On 1/Apr/2014, Hassan Zaidan, Manager, Accounts, stated that:
Comments :
Other Comments: The correct name, address and contact details of the Subject
company are as updated in the report.
Other Comments: The financial details in this report has been obtained from
annual reports of the Subject.
Other Comments: The financial details in this report has been provided by the
Subject.
FINANCE
----------------------------------------------------------------------------Comparative Figures
Date
Current:
Assets
Liabilities
Working Cap.
of Afghanistan Afghani
31/Dec/2011
31/Dec/2012
31/Dec/2013
-----------------------------------------------------------Fiscal
Fiscal
Fiscal
10,423,310
12,943,317
13,087,362
2,919,776
3,481,021
2,693,188
-----------------------------------------------------------7,503,534
9,462,296
10,394,174
Other :
Tangible Assets
Liabilities
866,193
574,202
606,022
54,232
66,401
-----------------------------------------------------------Net Worth
8,369,727
9,982,266
10,933,795
-----------------------------------------------------------Annual Sales
25,369,146
21,011,201
22,372,928
Profit After Tax
1,668,990
1,046,236
1,136,120
Inventory
624,330
951,419
405,560
Cash & Bank
908,792
2,219,830
3,959,960
A/Cs Receivable
8,278,308
9,033,859
6,681,871
Fixed Assets
866,193
574,202
390,116
A/Cs Payable
2,813,976
3,378,189
2,623,753
Fiscal Balance Sheet as of 31/Dec/2013 (in Afghanistan Afghani)
Cash & Bank
Inventory
Accounts Receivable
Loans & Advances
Margin Deposit
TOTAL CURRENT ASSETS
Property, Plant &
Equipment
Transportation Vehicles
Furniture Fixtures &
3,959,960 Accounts Payable
405,560 Current Portion of
6,681,871 Long Term Debt
1,358,927 Other Payables / Accruals
681,044
----------- TOTAL CURRENT LIAB
13,087,362
----------Loans Secured
End of Service Gratuity
57,938
116,253 TOTAL NON-CURRENT LIAB
2,623,753
39,435
30,000
----------2,693,188
----------18,159
48,242
----------66,401
-----------
D&B Report - Business Information Report
Fitting
Office Equipment
Display Equipments
TOTAL FIXED ASSETS
3 / 10
160,599
53,176
2,150
----------390,116
-----------
Capital
Retained Earnings (loss)
Statutory Reserves
Current Account
TOTAL EQUITY
Investment in Affiliates
TOTAL INVESTMENTS
TOTAL ASSETS
215,906
----------215,906
-----------
----------13,693,384 TOTAL LIAB & EQUITY
-----------
3,000,000
8,264,408
939,444
-1,270,057
----------10,933,795
-----------
----------13,693,384
-----------
Profit & Loss Account
Figures in Afghanistan Afghani
Date
No. of Months
Income
Less: Cost of Sales
Gross Profit
General Operating Expenses
Depreciation/Amortisation
Net Operating Profit(Loss)
after Depreciation
before Interest
Other Non-operating Income
Total Financial Expenses
Net Operating Profit
before Tax and
after Extraordinary Items
Profit Before Tax
and After Extraordinary Item
Income Tax / Other Taxes
Profit (Loss) After Tax
Net Profit After Tax and
Extraordinary Items
Less: Dividends
Plus (Minus) Retained
Earnings (Loss) b/f
Retained Earnings (Loss) c/f
31/Dec/2011
12
Fiscal
31/Dec/2012
12
Fiscal
31/Dec/2013
12
Fiscal
25,369,146
-20,377,275
4,991,871
-2,876,409
-375,940
21,011,201
-16,392,181
4,619,020
-3,128,025
-394,442
22,372,928
-17,397,922
4,975,006
-3,375,181
-401,134
1,739,522
4,234
-74,766
1,096,553
6,266
-56,583
1,198,691
6,022
-68,593
1,668,990
1,046,236
1,136,120
1,668,990
0
1,668,990
1,046,236
0
1,046,236
1,136,120
0
1,136,120
1,668,990
-166,899
1,046,236
-104,624
1,136,120
-113,612
4,798,197
6,300,288
6,300,288
7,241,900
7,241,900
8,264,408
Accounts are audited by ERNST & YOUNG.
2011
---GROWTH TREND
-----------Sales Growth (%)
Net Profit Growth (%)
SOLVENCY
-------Current Ratio
Quick Ratio
Total Liabilities to Net Worth Ratio (%)
EFFICIENCY
---------Collection Period (Days)
Sales to Inventory (Times)
PROFITABILITY
-------------
-
2012
----
2013
----
-17.17
-
6.48
8.59
3.56
3.14
34.88
3.71
3.23
35.41
4.85
3.95
25.23
117
40
154
22
107
55
D&B Report - Business Information Report
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Return on Sales (%)
Return on Net worth (%)
6.57
19.94
4.97
10.48
5.07
10.39
BANK
-----------------------------------------------------------------------------Information in this report may not represent the full extent of subject's bank
relationships.
Banking relations are maintained principally with:NAME
BRANCH
:BANK MELLI AFGHANISTAN
:Main Branch
ADDRESS
:Kabul
Afghanistan
NAME
BRANCH
:NATIONAL BANK OF AFGHANISTAN
:Jalal Abad Branch
ADDRESS
:Kabul
Afghanistan
No independent confirmations were obtainable from banker/(s).
INSURANCE
--------COMPANY :
AIG
REGISTRATION DETAILS
----------------------------------------------------------------------------LEGAL STRUCTURE
:Limited liablity company
REGISTERED
:11 Oct 1994
REGISTRATION BODY
:Registry of Companies and Businesses
FILE NUMBER
:269350
Kabul
Afghanistan
LAST FINANCIAL STATEMENT DATE
:31/Dec/2013
Registry details provided by
:search at local registry office
CAPITAL DETAILS
----------------------------------------------------------------------------AUTHORIZED CAPITAL
ISSUED CAPITAL
PAID-UP CAPITAL
:AFA 3,000,000.00
:AFA 3,000,000.00
:AFA 3,000,000.00 as of 1/Apr/2014
SHAREHOLDER(S)
----------------------------------------------------------------------------The following details represent the Full Shareholders List.
D&B Report - Business Information Report
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ORDINARY SHARES
Name of Shareholder
------------------Mir Ali Jubaili
Abdul Jubaili
Total No. of shareholder
Shareholdings as of
% Held
-----60
40
:
:
3
1 Apr 2014
AUDITORS
----------------------------------------------------------------------------ERNST & YOUNG
SOLICITORS
----------------------------------------------------------------------------Davidson & Co. LLP
CORPORATE DIRECTORS
---------------------------------------------------------------------Name
: Mir Ali Jubaili
Name
: Abdul Jubaili
EXECUTIVES
------------------------------------------------------------------------Name
Current Title
Active in daily operations
: Mir Ali Jubaili
: Managing Director
: Yes
Name
Current Title
Current Title
Active in daily operations
:
:
:
:
Name
Current Title
Active in daily operations
: Hassan Zaidan
: Accounts Manager
: Yes
Abdul Jubaili
Chairman
Director
Yes
OPERATIONS
---------5047-0000
Wholesales medical and hospital equipment
5122-0000
Wholesales drugs, proprietaries, and sundries
AGENCIES HELD - BRAND NAME
-------------------------Principal Name
:
:
Mega Life Sciences
Australia
D&B Report - Business Information Report
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Subject as
:
Distributor
Description : Ginsomin, Pynocare & Iicare
Principal Name
Subject as
Description : TODAY
Principal Name
Subject as
Description : Loraday
Principal Name
Subject as
Description : ARGINMAX
PURCHASES
--------INTERNATIONAL
:
100 %
:
:
20 %
80 %
:
:
:
Bliss
India
Distributor
:
:
:
Kuwait Saudi Pharma
Kuwait
Distributor
:
:
:
Daily Wellness
United States
Distributor
IMPORTS FROM:Kuwait
India
United States
Canada
Australia
PURCHASING TERMS
---------------IMPORT TERMS
bank transfer
Letter of Credit
SALES TERRITORY
--------------LOCAL
INTERNATIONAL
EXPORTS TO:Kuwait
Uganda
Kenya
Democratic Republic of Co
Nigeria
Ghana
SELLING TERMS
------------LOCAL SALES TERMS
TERMS
:
bank transfer
:
cash
Letter of Credit (at sight) 90
EXPORT TERMS
TERMS
D&B Report - Business Information Report
CUSTOMERS
---------Subject maintains 1000
7 / 10
accounts / customers.
MAJOR CUSTOMERS
KSPICO - Manufacturer
Department Store(s)
Kuwait
Delmaw-Distributor
Uganda
50 % of Sales
Gesto
Kenya
Distributor
Gulf Africa
Congo
Distributor
SUPPLIERS
---------------Bliss GVS Pharma Ltd
102, Hyde Park, Andheri
Mumbai
India
K SPICO
P.O. Box : 5512
Safat 13056
Kuwait
Mega Life Sciences
Australia
EMPLOYEE(s) - CURRENT
--------------------Total Employees
:
14
as at 01/Apr/2014
EMPLOYEE(s) - PREVIOUS
---------------------YEAR:Total Employees
:
:
2013
12
YEAR:Total Employees
:
:
2012
11
ISO CERTIFICATION
----------------Subject was awarded ISO 9001 on 28 Dec 2004
LOCATION
-------SIZE OF PREMISE
: 1000 square feet
TYPE OF OCCUPATION: Rented
LOCATION
: Commercial area
D&B Report - Business Information Report
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The subject is located close to a major road network
PREMISES USED AS
: Administrative office
AFFILIATE(s)
----------------------------------------------------------------------------TOTAL NUMBER OF AFFILIATES
:
1
IMEX HEALTH LTD
Kabul
Afghanistan
Subject holds 50 shares in affiliate.
BRANCH(es)
----------------------------------------------------------------------------Subject maintains 1 branch(es) country wide.
The principal branch location(s) are as follows:8, Main Kabul Jalalabad Road
Kabul 2360
Afghanistan
Location Type
:
Warehouse
Area : 900 Square Feet
Customer Service
Speed of Service:
Typically 8 working days
SCN:
201406235009231136
Order Date:
Jun 23,2014
Should you require any further information or have any questions, please contact your local Customer Service
Centre.
Enquiries should always contain the below minimum details please:
Full company name and address
Contact name and number
SCN
Order Date
The information in this report was last updated on Apr 01,2014
D&B Rating Glossary
D&B Rating - The D&B rating consists of two parts, the Financial Strength Indicator and the Risk
Indicator.
For example: in the case of a 2A 4 rating, 2A means the financial strength of the business and the 4 is the risk
indicator.
The Risk Indicator is used in conjunction with the Financial Strength Indicator. The Risk Indicator reflects
D&B's opinion of a company s health, stability and overall condition. It takes into consideration all significant
elements of credit. Such classification is relative and is predicted on the broad and overall view point. Created
from expert rules systems, the Risk Indicator is refreshed whenever data is loaded onto our databases. Please
see the table below for the Risk Indicators and their corresponding values.
D&B Report - Business Information Report
9 / 10
Risk Indicators
4 Significant
level of risk
Take suitable
assurances before
extending credit
Assigned to concerns of known financial weakness. A number of
years losses, higher than normal working capital deficit, a
negative tangible net worth which is the worsening, court
judgements, bad payments etc. This risk is associated with being
a creditor of these concerns is high or significant
3 Greater than
average risk
Proceed with
transaction but
monitor closely
Assigned to concerns believed to be financially sound but with a
history of slow payments or some losses or working capital
deficit. The risk associated with being a creditor of these
concerns is higher and would be classified as potentially slow
payers or fair trade risk
2 Low risk
Proceed with
transaction
This is assigned to financially sound concerns, having no known
record of bad payments and paying suppliers quickly. The risk
associated with being a creditor of these concerns would be low
and they would be classified as ordinary trade risk
1 Minimal risk
Proceed with
transaction - offer
terms required
Assigned to companies of undoubted credit standing and
financially strength. The risk associated with being a creditor of
these concerns would be negligible or zero, the concern which
pays bills promptly or discount.
-
No public information
or D&B proprietary
information available
to indicate trading
activity
Assigned to concerns where there is insufficient information to
express any opinion on the condition, financial soundness or
payment history of the concern. A concern with no telephone
number will also be assigned a "-" condition
Insufficient
information to
assign a risk
indicator
The Financial Strength Indicator is based on either the Net Worth or Issued Capital. The table below contains
the possible values.
Financial Strength Indicator
Range
Net Worth
Capital
FROM
TO
5A
5AA
$60 million
And above
4A
4AA
$25 million
$60 million
3A
3AA
$12 million
$25 million
2A
2AA
$2.5 million
$12 million
1A
1AA
$1.2 million
$2.5 million
A
AA
$600,000
$1.2 million
B
BB
$345,000
$600,000
C
CC
$175,000
$345,000
D
DD
$120,000
$175,000
E
EE
$60,000
$120,000
F
FF
$35,000
$60,000
G
GG
$15,000
$35,000
H
HH
0
$15,000
Alternative Ratings Used
N
Financial Strength is negative
O
Financial Strength is undisclosed
NB
New Business: less than 24 months
NQ
Out of Business: Business has ceased to trade
Financial Rating Glossary
Name
Current Ratio (x)
Solvency Ratio
(%)
Formula
Total Current Assets /
Total Current Liabilities
((Total Current +
Deferred + Long Term
Liabilities) / Tangible Net
Worth) x 100
Explanation
This ratio shows the cover by current assets of short term
creditors, and the higher the ratio the more assurance there
is that payment of creditors can be met
From this can be seen the extent to which the company is
financed by creditors and debt rather than permanent
finance.
The higher the ratio the more likely it is that the debt (either
short term or long term) will be a burden to the company.
The effect is higher interest changes, lower profits and a
squeeze on liquidity to the disadvantage of creditors.
The proportion of net worth that consists of fixed assets will
D&B Report - Business Information Report
Fixed Assets to
Net Worth (%)
Current Liabilities
to Net Worth (%)
Asset Turnover
(%)
(Total Fixed Assets /
Tangible Net Worth) x
100
(Total Current
Liabilities / Tangible Net
Worth) x 100
(Turnover / Total Assets
(including intangibles)) x
100
10 / 10
vary greatly from industry to industry, but in general terms a
company is under capitalised if fixed assets exceed net worth.
In this case it is possible that the company has too much
debt, and it should therefore be examined with care.
If on the other hand fixed assets are much lower than net
worth the company is over capitalised and is either extremely
cautious or in a position to expand. Thus a ratio either well in
excess of the median, or well below it, means that the
company should be looked at with care.
This contrasts the funds that creditors are temporarily risking
with a company with the funds permanently invested by the
owners.
The higher the ratio the less security for creditors. Care
should be exercised when selling to any company with
creditors of less than one year exceeding two thirds of net
worth
This ratio measures how efficiently the company's
management has been in generating sales from the assets at
its disposal.
The measure can vary considerably from industry to industry
and should therefore be judged according to the industry
norm.
This ratio indicates whether a company is overtrading
(handing an excessive volume of sales in relation to working
capital). Companies with substantial sales gains often reach a
level where their working capital becomes strained.
Sales to net
working capital
(x)
Turnover / Net working
capital
Even if they maintain an adequate total investment for the
volume being generated (assets to sales) that investment
may be so centred in fixed assets or other non-current items
that it will be difficult to continue meeting all current
obligations. A ratio falling into either an extremely high or low
position may indicate potential problems.
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