Corporate Profile 2013

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85 countries 800+ distributors partnerships with the world’s best brands

the journey has just begun



building enduring partnership (JWFO UIF MPOH UFSN QFSTQFDUJWF UP CF B HMPCBM DPNQBOZ ;"'$0 FTUBCMJTIFE JUT PQFSBUJPOT JO %VCBJ 6OJUFE "SBC &NJSBUFT m B DFOUSBM IVC GPS UIF XPSME "T B OFXDPNFS UP UIF NBSLFU ;"'$0 faced many challenges in the vigorous industry. However, the company adapted quickly to the market situation by working closely with its partners and anchoring itself in a niche for RVBMJUZ QSPEVDUT BOE TUFSMJOH TFSWJDF ;"'$0 DPOUJOVFE PO JUT journey, milestone by milestone, to build a stronger network and a more established foundation. In the same year of its FTUBCMJTINFOU ;"'$0 CFHBO FYQPSUJOH UP DPVOUSJFT JO UIF region, growing consistently in size and geographical coverage. 5PEBZ ;"'$0 EJTUSJCVUFT BOE TFMMT UP SFUBJM DPNQBOJFT world-class tires, batteries and lubricants of leading brands in over 80 countries, working closely with 800+ distributors. Its financial stability is unmatched in the industry, transferring the benefits from its scale of operations to its partners and customers. 5ISPVHIPVU JUT KPVSOFZ ;"'$0 T WBMVFT IBWF SFNBJOFE consistent. A company that plans for its bright future and thrives PO JOOPWBUJPOT BOE DIBMMFOHFT ;"'$0 CFMJFWFT QBSUOFST BSF UP be placed before profits.

“We have been with ZAFCO since the time they came here. Our business is like an extension of theirs - we are partners in an industry in which we have evolved together.� Sojitz Corporation, Japan (Principal)

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GROUP MISSION To enable varied business interests with a robust and state-of-the-time distribution capability grounded on superior service, uninterrupted and timely support, scalable to nourish

Our Vision Through commitment to investors and the environment –

employees,

customers,

partners,

Provide an uninterrupted and holistic motoring experience by engaging in the business of automotive products and services Benchmark ourselves as the state-of-the-art providers of service, quality and value to all stakeholders external auditing and rating agencies by year end 2012 Our Values Rooted to Honesty, Integrity, Trust and Dignity, we embrace – Unbiased, non-discriminating behavior in all aspects r 3FTQFDU of our business and interactions r TFBNXPSL

Goal oriented, interaction within

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Recognize and reward creative ideas from all quarters of the organization

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Where every individual is accountable for the success of the engagement and the organization

synergistic and positive and between stakeholders

r TransparFODZ Clear and borderless communication of all aspects of the organization (policies, performance, guidelines and processes) r &NQPXFSNFOU Where employees feel trusted and involved in the decision making process – evidenced by institutionalized empowerment


a reection of commitment


personal values Mr. Muhammad Hussain, late founder of ZAFCO GROUP, was born in a small village in India and started his career in trading in Bangladesh back in the early 1960’s. Due tosocio-political changes, he was obliged to move to Karachi, Pakistan, where he initiated the next stage of his business journey. In 1973, he founded Zafar Corporation, which laid the foundation of the ZAFCO Group in Dubai, established in 1993. Under his leadership ZAFCO emerged as a leading enterprise with a diverse portfolio. Mr. Muhammad Hussain attributed the success of the Group to very simple and unshakable business fundamentals. These include simplicity and transparency in transactions, sincerity and commitment to promises, and ethics in work and life. Above all, he valued people and relationships – and that, for him, was the bottom-line.


A Message from the new Chairman It is an honor to write this message from the desk of Late Mr. Muhammad Hussain, who served as the beloved Chairman of ZAFCO for 19 memorable years. Great leaders are remembered by the legacy they leave behind, and in the case of Mr. Hussain we will always cherish the dedication and passion that he generously passed on to all the people associated with ZAFCO. His working philosophy was his faith in hard work, helping everyone to grow together and adherence to business ethics. Following in Mr. Hussain’s footsteps is both an honor and also an extremely challenging task. May God rest his soul in peace and guide us all to follow his example. Growing together is not only a tag line, but it is also an apt description of the journey ZAFCO has embarked on, right from its inception. The foundations of our corporate success and strength are our customers, our suppliers and our team. A steady and healthy relationship with them is what keeps us intact and has kept us ‘Growing Together’. In our progress, we have always been mindful that survival and growth in today’s tough economic climate is only possible if a company keeps reinventing itself. We never cease to evaluate our course of action and make adjustments whenever necessary to adapt to the new market requirements and remain competitive. In all this change, our aim remains steady: to offer world class services to our partners and build the brand equity of world renowned brands in every market we operate in. I see immense opportunities in our business and there is a long way to go as we, ZAFCO, and our business partners stay focused towards achieving the mutual benefit of all stakeholders, including the community and the environment. I extend my best wishes to all who are connected to ZAFCO in one way or the other. Let’s continue to Grow Together! Azim Yusufzai Chairman ZAFCO Group


corporate sustainability At the highest levels of the organization, we started a new dialogue about values and ethics. Our organizational values of Integrity, Collaboration, Accountability, Respect and Excellence describes our shared vision of what we stand for – easy to understand and be able to apply to our day-to-day business decisions. Our new Group Mission, Vision and Values statement is a true embodiment of what we represent. We plan to stay on a course of profitable, sustainable growth we intend to keep creating value in a positive way. It is a course we can only follow in synergy with our stakeholders. An important word in the phrase “sustainable, profitable growth” is the word “sustainable”. It is vital to have consistency between short-term goals and actions and long-term strategies. It is important to balance the growth of the business and the effectiveness of the way we operate in. Balance does not mean compromise. Rather, keeping an effective balance requires us to stretch and adapt to changes in our business, in our environment and in the places where we operate. We still see immense opportunities in our business and a lot remains to be explored. Timely deliveries and service to customers has never been more important – it is what our customers expect from us. It is also our renewed commitment – ‘We live in your world’ – to understand their world better than anyone else and deliver products and services. We believe that our people are our biggest asset and we strive to ensure that we attract and retain the best talent in the industry. Our employees are encouraged to take risks, to be innovative and to be duly rewarded for their innovative ideas. Employees are given the opportunity to design their own career path and lead them in the direction they would like to head thus giving them immense opportunity to take on business ownership. We look at this as building our future leaders for the organization, as we grow even bigger into a world-class organization. Our desire is to demonstrate to all our stakeholders - our customers, investors, employees, business partners and our communities at large, the mutual benefits that they share with us in their association with ZAFCO.


corporate milestones Founded in 1993, ZAFCO is a leading importer & exporter of automotive tires, batteries and lubricants to over 800 customers in 85 countries. Headquartered in the UAE, ZAFCO is perfectly positioned between Europe & Asia to best serve its customers on all four continents. The company owns a state-of-the-art distribution center in Dubai's Jebel Ali Free Zone and boasts the largest tire distribution center in the Middle East region. In addition, ZAFCO has one of the world's biggest warehousing networks with a combined average inventory of more than 1 million tires. ZAFCO’s commitment to the finest quality products is reflected in its portfolio of global brands which includes: Pirelli, Roadstone, Otani, Nitto, Double Coin, MRF & ZEETEX. Worldwide, ZAFCO employs more than 270 specialized professionals who share the company's ambitions of making it the finest global automotive distributor.

The efforts and achievements of the company's workforce have been recognized by respected industry bodies detailed below: 1996

"ARCO Europa Gold Star Award" from BID (Business Initiative Directions)

1999

"Millionaire Award" from Maersk Sealand

2002

"International Award for Best Performance" from the Council of International Awards

2002

"3rd Place for Tyres & Tubes" from Dubai Ports Customs & Jebel Ali Free Zone Authority

2009

SAP ERP Implementation

2010

ISO Accreditation

2011

Dubai Customs Gold Accreditation Award


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“Supply Chain plays a vital role in trade and our efforts at ZAFCO to maintain a perfect and performing Supply Chain Division provides our client with a best-in-class experience, second to none.” Chief Operating Officer

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partners in success


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Supply-chain management: The ZAFCO Advantage

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“As we grow, we never lose sight of the fact that we are still part of one large family.” ZEETEX Senior Vice President Sales

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ZAFCO with SAP: ‘We are tomorrow-ready!’ Many companies are realizing that SAP solutions have become extremely important to their businesses. This realization is arising from the fact that many Fortune 500 companies use SAP systems extensively internally for their daily operations and reporting. So what exactly does SAP stand for? It is an acronym for Systems, Applications and Products in data processing. The main business benefit of using SAP is that you get a comprehensive set of integrated, cross-functional business processes.

Some major benefits ZAFCO has received by embracing SAP include:

We at ZAFCO, believe in technology and are prepared for the future technical challenges. By opting for SAP in 2009, we have assured a step ahead in the fast changing software industry. The presence of SAP in more than 120 countries; confirms synchronized support in every system around the globe. We have selected SAP as our trusted partner for long term growth. It is a system which handles all the core needs of the business and provides accurate results.

Minimized Costs by Increasing Flexibility - As SAP extends its business eco-system by extrapolating transactions, information, and collaborative functions

Aligned Strategies and Operations - All issues are identified for rectification during the project Enhanced Productivity and Insight - Data is forwarded to others within ZAFCO by efficient work-flows – using internal messages, emails, SMS alerts or other means

Reduced Risk - By solving business challenges today Improved Financial Management and Corporate Governance - Financial and management accounting functionalities combined with business analytics offers us deep visibility within ZAFCO Optimized IT Spending - We don’t Purchase third party software as SAP optimizes business processes and eliminate high integration cost




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TIRE PURCHASE & INSTALLATION NOW JUST A CLICK AWAY! VISIT MYZDEGREE.COM TO BUY TIRES

ONLINE.

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“It’s all about commitment. We’ve never gone back on our word, despite changes in the market scenario. Our relationships come first.” General Manager - Retail.


Martino: becoming part of the family ZAFCO has entered the retail tire segment in the US in quarter 4 of 2011 by acquiring Martino Tires (Miami, USA), a family run chain of automotive service centers which prides itself on providing total automotive care and not just selling tires. It has 5 retail stores and 1 commercial store. All the stores are full tire retail and automotive service centers. Martino Tires is currently dealer of several top international brands of tires like Goodyear / Dunlop, Michelin / BFGoodrich, ZEETEX, Forceum, Accelera and other wellknown brands. Martino Tires has been functioning in the US since 1959 and has earned the trust of its customers and the confidence of its suppliers. It has highly trained ASE certified technicians and its service centers are fully equipped with the latest technology. It is truly a role model for the independent tire dealers and automotive repair shops. It is also the largest Goodyear dealer serving customers in South Florida. We are extremely excited about this new era in ZAFCO’s successful business evolution and heartily welcome Martino Tires to the ZAFCO family!


people first With over 270 employees in the business, ZAFCO devotes substantial resources, creativity and brainpower to its employee development programme. Every employee is considered as an integral part of the company’s future, and is encouraged to perform to its maximum individual and professional capacity. Nearly half the company’s staff strength is located in the mid-management section, creating opportunities for growth and future leadership. ZAFCO implements an interactive employee appraisal system that charts individual talent, experience and ambition, matching this to the roadmap of the company. This inturn improves employee satisfaction, productivity and motivation. ZAFCO provides employees with the opportunity to present feedback through “Listening to You” surveys. These surveys are then translated into action plans, implemented by work groups. Quality training in ISO at all staff levels, stringent safety practices and a career-oriented leadership programme ensures a workforce

ZAFCO has a high degree of commitment to the communities it operates in. Recycling of products that it promotes is an important programme that ZAFCO is dedicated to. ZAFCO intends to integrate this initiative as a policy component across all business initiatives, helping customers and end-users implement practical ideas to protect their environment.

“ZAFCO respects each and every stake holder; whether it is the employees, the suppliers, the customers or the community at large. We believe that you earn respect by respecting others first. We believe that performance is the only criteria for success.” Human Resource Manager

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Anyone can make money. We endeavour to make a difference.

Sponsorship of children with special needs

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Blood Donation Partnership with government to set up industry standards

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