Spec Institute for Engineering

# 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: Specialized Institute for Engineering Industry Sector Services Brief Description White collar scientific consulting service offering inspection, material testing and design of products. Institute was established in 1973 and it has always ben SOE. In 1978 the institute signed an agreement with UN on technical support including training programes on different levels. Revenue in 2002 (Iraqi Dinars '000s) 1073000 # of Employees 287 Annual Employee Salaries & Bonus 840000 Headquarters Address Baghdad, Sayideia 2. Company Highlights The main building is completely destroyed, the work shop and some other laboratories are partially damaged. Most of the testing equipment are destroyed and not repairable. But given nature of business, this is not a fatal setback. Can rent new space. Needs $1.5M USD to replace destroyed computers, office equipment and scientific testing equipment. Revenue historically depressed due to pricing being set by Ministry below market prices. 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 Main Office 0.8 Minimal Research Building 0.9 Minimal Work Shops 0.3 Minimal Value of All Plant & Equipment Before War, and Initial Purchase Dates and Prices for Major Items $17M USD estimated value before war. Initially, equivalent of $15M USD was paid in 1973. 4. Products Product Name Unit Measurement Design Capacity Available Capacity 2002 Production 2002 Revenue Inspection Not applicable 400000 Quality control Not applicable 350000 Design services Not applicable 200000 Description of Importance of Products to Other Iraqi Industries Provides quality control consulting for a variety of products. Critical to construction industry to ensure safe products. 5. Customers Customer Name 2002 Revenue Subsidized (Y/N) Products Sold to Customer and Unit Pricing Engineering industries 600000 Other SOEs 300000 Private Sector 100073 6. Suppliers Supplier Name 2002 Purchases Subsidized (Y/N) Products Purchased and Unit Pricing CSEPEL - Hungary SCHENCK - Germany Current Payment Terms From Suppliers Invoices are paid upon delivery. 7. Imports & Exports 2002 Import Markets for Raw Materials Some testing equipment imported from Europe and US Potential Import Markets in Free Market 2002 Export Markets for Finished Products None Potential Export Markets in Free Market In the field of Quality Control & Design Services to the Arab and middle Eastern Countries. 8. Competition Description of Competitive Situation 1- Ibn Rushud, 2- Quality Control & Standarisation, 3- Private Sector. Market Share Description Covered only 50% of Iraqi market. 9. Summary of War Damage & Looting of Property & Equipment Description of Damage Building completely destroyed by US forces during Baghdad invasion. Current Operating Status Not operating due to lack of facilities, equipment and customers. Immediate Property & Equipment Needs To Restart Operations Office space to rent, new office equipment, furniture and scientific testing equipment (see list on file). Immediate needs of $1.5M USD for critical equipment. Total Cost to Return to Pre-War Condition 1,600,000 ID for equipment + $10M USD to rebuild facilities that were bombed.