Paysaz Company engages in the design, manufacture, and installation of industrial equipment and machinery in Iran and internationally. It offers pressure vessels, reactors, and process towers; shell and tube, and spiral heat exchangers; self or structured type fixed roof, floating roof, and spherical storage tanks; and steel structures, such as pipe racks, super and heavy industrial structures, and shelters. The company also involves in the prefabrication of process piping; and stress release process of various parts or vessels. In addition, it offers fabrication, lining, coating, cladding, insulation, and testing; packaging, loading, unloading, and freight and heavy traffic transportation; ...
Ap No 8 No 3
7th Avenue Gandi Avenue
Founded in 1967
Iran To Privatize Six Companies
Jun 29 11
Iranian Privatization Organization (IPO) is considering divesting Iran Pira Haffari Company, Paysaz Company, Dehdasht Petrochemical Company, Jahde Banaye Toos, Mandegar Artam Derakhshan Production Co. and Zanjan Province Development & Housing Company. IPO will divest through OTC Medium 95 shares, representing 100% of Iran Pira Haffari, 2,898,075 shares, representing 96.6% of Paysaz and IPO will divest through OTC 73,336,229 shares, representing 19.87% of Dehdasht Petrochemical, 380,000 shares, representing 40% of Jahde Banaye, 285,000 shares, representing 30% of Mandegar Artam and 242,250 shares, representing 17% of Zanjan Province Development. The least percent of cash prepayment is 30%, payment period of 4 years for Iran Pira, least percent of cash prepayment is 30%, payment period of 2 years for Dehdasht Petrochemical and Jahde Banaye, least percent of cash prepayment is 50%, payment period of 6 months for the balance for Mandegar Artam, least percent of cash prepayment is 50%, payment period of 2 years for Paysaz and for Zanjan Province the payment is to be made in cash. The maximum deadline to pay the cash part of price is 20 days for each of Iran Pira, Paysaz, Dehdasht Petrochemical, Jahde Banaye and Mandegar Artam and for Zanjan Province it is 10 days. The applicants must submit their offers regarding the whole divestible shares of each company separately. Evidently, number of the allocated preferred shares by the personnel of the enterprise (if someone be eligible for it) shall be deducted from the divestible shares and the suggested price of winner of the bid in proportion to the allocated shares. The remained shares, then, shall form the basis of the transaction price. The cash deposit for participation in the tender must be settled by the applicants (only in cash) to the Treasury SIBA Account No. 2170159008002 Branch of state accounts in the IPO name payable in all of the branches of Bank Melli Iran (delaying in deposit and presenting any kind of checks results to reject the offers by the IPO); and the original bank receipt in accompany with the purchase bid must be delivered in two separate envelopes in a sealed package to the IPO, located in the Room No. 402, 4th floor, No. 75, North Zarafshan St., Shahrake Qods, until the end of the working hours of Saturday (July 2, 2011), in lieu of the receipt. In installment transactions, the shares certificates equivalent to the remained installment of traded shares shall be kept by the IPO as Collateral, until the payment of the shares' price is completed. At least equivalent to 50% of remaining debt of installments shall be received assurance documents. The purchaser of Paysaz Company is obliged to pay the debts of the mentioned company to IDRO (based upon the legal offices) as installment and during 2 years. The purchaser of the controlled shares of Iran Pira Fafari and Paysaz companies (the least amount of the shares to determine the majority of the board of directors' members) who increase number of the staff of the firm to the extent more than what is recorded in the divesting document during the period of installment, or resort to train and recruitment of extra workforces of other privatized firms in their units, shall enjoy the financial or non-financial incentives as mentioned in the guideline number 63/2/206295 (dated 7, Apr. 2009) and the guideline of "monitoring mode after divesting the shares" by the divesting Board (dated 1&8 of May 2010), if they are qualified. The Envelopes containing bids shall be opened at 2 pm on Sunday (July 3, 2011) in the Persian Gulf Conference Hall of the IPO, located in fifth floor, and the bidders or their representatives may participate in the event. The shares offering of Iran Pira Fafari Company will begin since (July 2, 2011), Paysaz Company since (July 3, 2011) and Dehdasht Petrochemical Company since (July 4, 2011) at OTC. On OTC divestitures, the purchasers will be allowed to enter the purchase order to the trading system in the case that they settle 3% of the value of transaction shares based upon the base shares price of the advertised shares (in cash or bank guarantee) to the account of Central Securities Depository (CSD) of Iran as a deposit participating in the tender of OTC to guarantee the purchasers' liabilities unconditionally.