Indus Design & Construct

# Template State Owned Enterprises- Company Overviews OCPA - Ministry of Industry & Minerals Note: All currency figures are in 000's of Iraqi Dinars unless otherwise noted. 1. General Information Company Name: State Company for Industrial Design & Construction (SIDAC) Sector Services Brief Description Established over 40 years ago as a state owned company. The Company is staffed with highly qualified engineers who focus on contracting, erection and commissioning of industrial plants. 69 projects under construction as of March, 2003. Provides services to all major Iraqi industries, including Oil, Cement, Fertilizers and Textiles. Built 80 bridges after 1991 war. Revenue in 2002 (Iraqi Dinars '000s) 13000000 # of Employees 460 Annual Employee Salaries & Bonus 1500000 Headquarters Address Nidal St Tayaran Square, Baghdad 2. Company Highlights Used by many Ministry SOEs. Critical to reconstruction of SOEs. Over 40 years experience on large local construction commissioning projects. While some parts of project management could be handled by foreign companies, local expertise is critical. Significant damage to office space (renting new space and option). Restarting operations requires restart of projects under construction before war. 3.8B ID in bank - down payments on current projects. Claims to be profitable, without subsidies, since 1991. Allocated $1M USD for 2H 2003 operating budget and provided with zero mw off of grid. 3. Facilities Name Province City Grid Damage % Power Needs Baghdad Baghdad 1 Mosul Mosul 0.5 Basrah Basrah 0.5 Al Ramadi Al Ramadi 0.5 Al Quain Al Quain 0.5 Value of All Plant & Equipment Before War, and Initial Purchase Dates and Prices for Major Items The value of plant and equipment is knot known, the building belongs to the ministry. SIDAC was established in 1963. 4. Products Product Name Unit Measurement Design Capacity Available Capacity 2002 Production 2002 Revenue Feasibility Studies & Site Selection Erection and Commissioning Description of Importance of Products to Other Iraqi Industries Applicable to all Iraqi industries requiring construction of any sort. 5. Customers Customer Name 2002 Revenue Subsidized (Y/N) Products Sold to Customer and Unit Pricing Oil Ministry & Other ministries Cement State Companies Fertilizer State Companies Other MIM SOEs Note: 50% of revenue generated from MIM SOE's, other 50% of revenue is from contracts with other ministries. 6. Suppliers Supplier Name 2002 Purchases Subsidized (Y/N) Products Purchased and Unit Pricing "Many local suppliers all over Iraq" #2 Current Payment Terms From Suppliers Suppliers are paid for materials on recipt of materials and arrival to store. Paid for construction work on completion of work on stages. 7. Imports & Exports 2002 Import Markets for Raw Materials Potential Import Markets in Free Market 2002 Export Markets for Finished Products Potential Export Markets in Free Market 8. Competition Description of Competitive Situation Very competitive market. Competitors include both the private sector and other Ministries, especially the Ministry of Housing and Construction. Market Share Description Difficult to estimate, but appears to have grown over recent years. Had 96 contracts in 2002, up from 22 in 1998. 9. Summary of War Damage & Looting of Property & Equipment Description of Damage Baghdad office completely destroyed. Satellite offices partially destroyed. All result of looting. Warehouses were not damaged, though. Status of 69 projects under construction not yet known. Current Operating Status Not operating. Need customers to re-start projects. Immediate Property & Equipment Needs To Restart Operations New office space, furniture and computers Total Cost to Return to Pre-War Condition