Ur Engineering Co

# 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: Ur State Company for Engineering Industry Sector Engineering Brief Description Manufacturer of wires and cables for power and communcations industries. Products include winding and overhead line wires, and telephone, power and jelly-filled cables. Revenue in 2002 (Iraqi Dinars '000s) # of Employees 3352 Annual Employee Salaries & Bonus 3250000 Headquarters Address An Nasiriya Director General Name Oun Lefta Ellawy 2. Company Highlights Ministry of Oil suggested this Company receive special attention given the need to rebuild power and communications infrastructure. Received $3.5M USD in MOU subsidies in 2002. Unclear if production is competitive, or if imports could better satisfy local demand. Iraqi MIM outlined $4.5M USD in capex recommendations to improve output. Claims payback of 12 to 24 months on investment. Minimal damage to factories. Can begin production once working capital is available, primarily for raw material purchases. Company has $12M USD worth of raw materials, mostly aluminum. Allocated $2.7M USD for 2H 2003 operating budget and provided with 2 mw off of grid. 3. Facilities Name Province City Grid Damage % Power Needs Main Factory Dhi Qar An Nasiriya 0.01 10 mw Value of All Plant & Equipment Before War, and Initial Purchase Dates and Prices for Major Items 4. Products Product Name Unit Measurement Design Capacity Available Capacity 2002 Production 2002 Revenue Winding Wires Tons 5914 1250 809 Telephone Cables Tons 4000 1750 951 Power Cables Tons 8671 3500 1652 Overhead Line Wires Tons 7300 2700 4336 Jelly-filled Cables Tons 10000 3000 0 Foil Product Tons 2845 400 145 Extraction Aluminum Profiles Tons 10600 1750 1114 Domasti Field Wires Tons 812 460 841 Aluminum Sheet & Wiring Tons 16500 5500 1299 Description of Importance of Products to Other Iraqi Industries Directly supports communications and power industries, which in turn support all Iraqi industries. 5. Customers Customer Name 2002 Revenue Subsidized (Y/N) Products Sold to Customer and Unit Pricing Telecommunications Industry Power Industry Oil Ministry #4 6. Suppliers Supplier Name 2002 Purchases Subsidized (Y/N) Products Purchased and Unit Pricing Turkey Plates and ingots Saudi Arabia Plates and ingots #3 Current Payment Terms From Suppliers 7. Imports & Exports 2002 Import Markets for Raw Materials Turkey and Saudi Arabia for plates and ingots. Also imported 10K tons of aluminum. Potential Import Markets in Free Market 2002 Export Markets for Finished Products Potential Export Markets in Free Market 8. Competition Description of Competitive Situation Market Share Description 9. Summary of War Damage & Looting of Property & Equipment Description of Damage Minimal. Current Operating Status Aluminum division scheduled to restart in mid-August. Immediate Property & Equipment Needs To Restart Operations Nothing to restart, but $4.5M USD needed to improve capacity of jelly-filled cables, overhead cables and extrusion press ($1.5M each). Total Cost to Return to Pre-War Condition Minimal.