Training & Apprentice 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: State Company for Training & Apprenticeship Sector Services Brief Description 9 technical colleges offering 3 year, 2 year and 9 month certificate programs. Majority of programs in the engineering, electrical and cement sectors. 5,000 students on average. Majority of revenue generated from spare parts manufactured by students, not tuition. Started in 1994. Revenue in 2002 (Iraqi Dinars '000s) 1877000 # of Employees 900 Annual Employee Salaries & Bonus 850000 Headquarters Address Baghdad, Alyazirhia 2. Company Highlights Critical to supplying SOEs in the engineering, electrical and cement sectors with educated employees. Could become important asset in re-training employees of SOEs that do not survive. 50% of the training centers are operable. Remaining centers significantly damaged. Estimated cash needs of $600K USD to continue operations for 6 months at 50% pre-war levels. You can't import classroom studies. This has to be provided locally for the majority of students (too expensive to travel abroad). Annual tuition of only $50 USD per student very low. Allocated $450K USD for 2H 2003 operating budget and provided with zero mw off of grid. 3. Facilities Name Province City Grid Damage % Power Needs Headquarters Baghdad 1 Industrial Institute Basrah 1 Electricity Industry Center Zaafarania 1 Mechanical Industry Center Nasiriya 0.7 Textile Institute #1 0 Diyala Institute Diyala 0 Textile Institute #2 Al Kut 0 #8 #9 Value of All Plant & Equipment Before War, and Initial Purchase Dates and Prices for Major Items 1,386,000 value today ; 750,000 I.D. initial cost. 4. Products Product Name Unit Measurement Design Capacity Available Capacity 2002 Production 2002 Revenue Spare Parts 60% of total Classes 40% of total Description of Importance of Products to Other Iraqi Industries Necessary to provide Iraqi industries with qualified work force. Also critical to re-educating workers who lose jobs at SOEs that do not survive. 5. Customers Customer Name 2002 Revenue Subsidized (Y/N) Products Sold to Customer and Unit Pricing Engineering Sector Companies Y Annual student fees only 75K ID ($50 USD) Electricity Ministry Y Annual student fees only 75K ID ($50 USD) Cement Companies Y Annual student fees only 75K ID ($50 USD) 6. Suppliers Supplier Name 2002 Purchases Subsidized (Y/N) Products Purchased and Unit Pricing No suppliers identified other than "local market". Not a major consumer of raw materials. Current Payment Terms From Suppliers Suppliers demanding payment immediately upon receipt. 7. Imports & Exports 2002 Import Markets for Raw Materials None Potential Import Markets in Free Market None 2002 Export Markets for Finished Products None Potential Export Markets in Free Market None 8. Competition Description of Competitive Situation Competing against universities (also state owned?). Market Share Description Only satisfies 30% of training market. Universities satisfy other 70%. 9. Summary of War Damage & Looting of Property & Equipment Description of Damage Looting to three of 9 centers. Basra facility completely destroyed. Current Operating Status Operational on limited basis. Started May 24. Immediate Property & Equipment Needs To Restart Operations None at undamaged facilities. Total Cost to Return to Pre-War Condition $5.2M if repair of destroyed facilities is included. Otherwise, approx $400K USD needed for repairs to facilities that are currently operating.