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Rising Star Trading selects Epicor to support regional growth

United Arab Emirates: Monday, November 23 - 2009 @ 12:05

Established in 1989 by Mr. Zoeb Dharwalla, Rising Star Trading is involved in the import, trade and wholesale of building materials, hand tools, safety products, and spray paints. Rising Star Trading currently operates through nine branches in the Gulf Cooperation Council (GCC) countries. The company imports the bulk of its trade inventory of building materials, hardware and tools, and then sells its products under the brand name ‘Pro-Tech’ to retailers. Rising Star Trading also exports products to various markets across the Gulf and African region.

The building materials and tools industry is growing in leaps and bounds on the back of sovereign spending on infrastructure projects and the boom in real estate projects in the region. Recent figures suggest that $1 trillion of infrastructure projects and $8bn of real estate projects are underway in the region. Rising Star Trading has benefited from this boom and has seen its sales grow by a compounded average growth rate (CAGR) of 25%.

Because of the current and future growth potential within their industry, Rising Star Trading chose the Epicor ERP solution with the intention to improve overall planning and increase productivity, as well as strive to achieve just-in-time inventories to lower capital requirements and in turn, lower costs.

“We are pleased to partner with Epicor,” said Mr. Murtaza Kesuri, Finance Manager, Rising Star Trading. “We are looking to the Epicor solution to support our future expansion considering that we have 1500+ products, which was becoming a Herculean task to plan inventories and forecast sales accurately. In today’s context there is tremendous volatility in the commodities market, including steel and cement, and maintaining just-in-time inventory and improving cash flow is paramount to our growth.”

He commented, “Software alone cannot solve all our business issues overnight, but with the functionality and flexibility of Epicor coupled with its low maintenance costs, we aim to outperform our own internal targets.”

Mr. Basil Daniells, Regional Director for Epicor in the Middle East, Africa, Turkey and India said, “We are pleased to partner with one of the leading distribution and trading companies in the region. Epicor understands the challenges faced by a large trading company that has tens of thousands of stock keeping units and a strong regional brand to support. Epicor is committed to providing value-add services to Rising Star Trading.”

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Monday, November 23- 2009 @ 12:05 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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