SIDCO — State Owned Enterprises- Company Overviews (BUS-a76471ae)

# 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 Industrial Design & Consultation Company (SIDCO) Sector Service and Engineering Brief Description Originally named Techcorps, SIDCO was started in 1987 to implement petrochemical complex. Provides engineering contracting, project management and feasibility studies for industrial construction projects. Revenue in 2002 (Iraqi Dinars '000s) 3350000 # of Employees 810 Company states it may be 30% overstaffed at current project load. Annual Employee Salaries & Bonus 1400000 Headquarters Address Ministry of Industry & Minerals Building, Baghdad 2. Company Highlights While some parts of project management could be handled by foreign companies, local expertise is critical. Used by many Ministry SOEs. Critical to reconstruction of SOEs. Significant damage to office space (renting new space and option). Restarting operations requires restart of projects under construction before war (all currently frozen) or new projects. Company usually provided performance bonds, presumably from Iraqi government, to its customers to cover future obligations. These could be impossible to attain now. Without them, customers unlikely to use Company. Allocated $250K USD for 2H 2003 operating budget and provided with zero mw off of grid. 3. Facilities Name Province City Grid Damage % Power Needs Management Headqarters Baghdad MIM Headquarters 1 Engineering Center Baghdad MIM Headquarters 0.7 Soda Ash Project 0.3 Value of All Plant & Equipment Before War, and Initial Purchase Dates and Prices for Major Items All equipment and property were given to the Company when it started. Book value is only 500 ID, but actual market value is believed by management to be much higher. How much is unknown. 4. Products Product Name Unit Measurement Design Capacity Available Capacity 2002 Production 2002 Revenue Project Management Feasibility Studies Basic & Detailed Designs Construction Inspection Precommissioning of Projects Evaluation of Existing Plants Description of Importance of Products to Other Iraqi Industries 5. Customers Customer Name 2002 Revenue Subsidized (Y/N) Products Sold to Customer and Unit Pricing SC for Fertilizers (North & South) 1309000 SC for Petrochemicals 413000 Ministry of Oil Ministry of Electricity Water Authority 141000 6. Suppliers Supplier Name 2002 Purchases Subsidized (Y/N) Products Purchased and Unit Pricing None identified. Current Payment Terms From Suppliers Payment upon receipt, or before receipt most often. 7. Imports & Exports 2002 Import Markets for Raw Materials Europe and Asia Potential Import Markets in Free Market 2002 Export Markets for Finished Products None Potential Export Markets in Free Market Before embargo, company worked as local consultant to Bechtel, Lummus, UOP, Monsanto, BP and others. Potential to re-establish these relationships. 8. Competition Description of Competitive Situation 25% of revenue is generated through projects won on a competitive bidding process. Competitors include both other SOEs and private companies. They include; SC for Design & Construction, SC for Oil Projects, Saud SC for Engineering, and other private companies. Market Share Description 9. Summary of War Damage & Looting of Property & Equipment Description of Damage Headquarters was completely looted and destroyed. However, Company could rent new space and simply replace office equipment, hardware and software. Current Operating Status Limited operations. Needs projects to be re-started at full capacity. Immediate Property & Equipment Needs To Restart Operations Office equipment, hardware and software. Total Cost to Return to Pre-War Condition 200M ID assuming it rents new space, not rebuilds. Rebuild would cost 1B ID. Notes Current frozen projects include: Soda Ash Plant for New SOE: 50% complete Methanol Factoryfor N. Fertilizer Co: 80% complete Polypropane Unit for Petrochemical Co: 13% complete S. Fertilizer Co expansion: 62% complete