Electronic Industries Co. Electronic Industries Co. Electronic Industries Co. Baghdad- Iraq Uqaba Bin Nafee Square P.O.Box: 29042
- Electronic I ndustries Co. (EI C) * Establishment & Capital * Activities * Turnover Statistics * Future Plan - I nvestment Opportunity in Electronic I ndustries Co. * Introduction * Business Opportunity * Advantages of Joint Venture * Factories Overview * Guarantees to Investors * Investor Requirements * Production sharing proposal * Proposal Evaluation Criteria * Legal Framework - EI C Present and Future
Electronic Industries Co. (EIC) Establishment & Capital Activities Turnover Statistics Future Plan
Electronic Industries Co. Eic establishment & Capital Eic Co. established on year 1973 in Iraq – Baghdad under Iraqi laws with capital of one million (1000 000) Iraqi Dinar (I.D.). Present capital ten billion (18 000 000 000) I. D. Eic is a mixed sector Co. that means the outstanding capital shares owned by public sector (government establishment) and private sector (private shares holders). The public sector own 52 % of capital shears and private sector 48 % of the capital shares.
Eic Activity Eic Products Activity can be grouped in five groups :- 1-Domestic appliances production such as TV, Radio, Pc, Tablets and Smart phones. 2- Communication equipments production Telephone, PABX, Digital PABX. Design and Installation of Communication systems including microwave, data system & networking. 3- Parts & Components: Production of Plastic parts and enclosures. Production of metal parts, containers and racks. Production of printed circuit board (P.C.B.). Production of Low power and signals transformers Production of coils.
4- Development of Employees to work with modern technology and new system. 5- Power and Energy Production of power supplies. Production of Inverters ,Charger , Controller. Production of UPS. Production of solar heat collectors and renewable energy systems. 6- Information Technology Production of PCs , Tablets and Smart phone. Business Software Control Systems and its Software.
7- - EIC services : EIC services :- - 7 A- - Engineering & consultancy Services : Engineering & consultancy Services :- - A 1- - Designs of production lines for Designs of production lines for electronics equipments. electronics equipments. 1 2- - Designs of printed circuit board ( PCB ) . Designs of printed circuit board ( PCB ) . 2 3- - Feasibility study and Projects Management . Feasibility study and Projects Management . 3 4- - Design and installation of wireless & microwave communication Design and installation of wireless & microwave communication 4 systems. systems. B B- - Products Maintenance Services: Products Maintenance Services:- - 1- -Maintenance of electronics / electrical parts & equipments. Maintenance of electronics / electrical parts & equipments. 1 2 2- - Special on site maintenance for electronics equipment and Special on site maintenance for electronics equipment and System. System. 3 3- - Supply , installation & maintenance of power supplies of ele Supply , installation & maintenance of power supplies of electronics ctronics Equipments & Systems. Equipments & Systems. 4- - Supply & maintenance of Solar Systems. Supply & maintenance of Solar Systems. 4
12 11 EIC Turn over statistics Turn Over Statistics 10 9 8 6 Turn Over in Billion ID
Future Plan 1. Modernizing of existing production facilities. 2. Expansion in the field of energy specially renewable energy and power Electronics. 3. Looking for strategic partners in investment and technology.
I nvestment Opportunity in Electronic I ndustries Co.
I nvestment Opportunity in Electronic I ndustries Co. Introduction: Electronic Industries Co. is a mixed sector co. (that mean’s shares holders are state establishment, private sector establishment and persons) under supervision of the Ministry of Industries and Mineral. Mixed sector companies established to encourage private investor to invest in medium and large projects to develop industries. The co. exiting under the Iraqi law No. 21 for year 1997 for mixed and private sector companies, also the low No. 13 for year 2006 to encourage investment in Iraq and safeguard them and their benefits.
Business Opportunity - The Investor shall rehabilitate or rehabilitate and manage the plant at his expenses in exchange production sharing for negotiated period of time. This also may lead to a Joint Venture (J. V.). - The investor will operate or operate and manage the plant through the period of rehabilitation and after word, including supply and transport of materials, operational and secondary materials etc.. - The investor is free to sell products to whomever and at price he chooses.
Advantages of joint Venture * Less cost expense compare to new Investment. A robust infrastructure is in place, over 100 million Dollars invested in machinery, building and land to date and future expansion is there. * Full support of Government of Iraq With law 13 for year 2006 Iraqi Government support the investor in Iraq with full support. * Existing Customer Base. The company (EIC) has base of both government and private buyers, with name of good quality product over a long period of time. Conclusion – Advantages Outweigh Disadvantages of Operating in Iraq with EIC.
Factories Overview Factory Design Annual Capacity TV, Radio, Smart phone 500 000 units PC and Tablets 200 000 units Telephone 200 000 units PABX 100 000 line Power Supply/ invertors 50 000 unit Transformers and Coils 50 000 unit Printed Circuit board (PCB) 3000 m2 Metal parts 200 Tone Plastic moulding parts Max shoot 6Kgm
Guarantees to I nvestor • Exemption from customs duties according to investment law 13 for year 2006. • Entry / exit visas and residency permits. • Product marketing freedom. • Full compensation in case of termination. • Right to establish trade offices and branches Iraq. • Right to possess, use, dispose his invested money in Iraq. In accordance with central bank regulation. • Use freely convertible currencies or Iraq Dinar and the right to transfer money into and outside Iraq. • EIC will assist to implement modifications. • Investor may request any additional privileges to be included in final Agreement.
Proposal Evaluation Criteria • The share of production offered by the investor to EIC. • The period of the investment agreement. • Agreed production capacity obliged to be fulfilled. • The investors financial capacity to fulfill his under-taking. • The technical and managerial capacity of the investor. • Similar experience of the investor with similar projects.
Legal Framework • Upon agreement between the “ EIC ” and investor through the investment law No. 13 for the year 2006, including its privileges, shall be applied. • Iraqi law No. 21 from year 1997, for the mixed sector establishment and private Sector establishment will be applicable as well.
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