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 2 / 10 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 4 / 10 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 5 / 10 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 6 / 10 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 8 / 10 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. Confidentiality CONFIDENTIAL....THIS INFORMATION IS PROVIDED BY DUN & BRADSTREET SUBJECT TO THE TERMS AND CONDITIONS OF YOUR SUBSCRIPTION CONTRACT AND IS NOT TO BE DISCLOSED. This report is forwarded to the Subscriber in strict confidence for the use by the Subscriber as one factor to consider in connection with credit and other business decisions. This report contains information compiled from information which Dun & Bradstreet does not control and which has not been verified unless otherwise indicated in this report. 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