Risk Level:
89% May harm your business future;

This entity is connected with designated / sanctioned entities who are helping Iranian Regime Terrorist Activities & development of WMD

Status:
High Alert – Entity affiliated with Designated / Sanctioned / Illicit entities

Info:
Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO) owns 49 percent of the Kuwaiti company’s share;
Has been affiliated with AscoTec (a.k.a. Ascotec GmbH), a steel company active in Iran and owned by subsidiaries of the National Iranian Steel Company (NISCO), which is affiliated with the Iranian Ministry of Industry and Mines;
Ascotec is involved in the procurement of goods for Iran missile program

Industry:
Steel

Also Known As:
UNISteel
Kuwait Unisteel Rolling Mill Company
UNITED STEEL INDUSTRIAL CO.

Country:
Kuwait

Address:
Sharq Daman Complex P.O.Box 1370, 13014 Safat, Kuwait

Phone:
+965 24 44 230

WebSite:
www.kwsteel.com

Email:
info@kwsteel.com

Reason for the color:
» Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO) owns 49 percent of the Kuwaiti company’s share;
» Has been affiliated with AscoTec (a.k.a. Ascotec GmbH), a steel company active in Iran and owned by subsidiaries of the National Iranian Steel Company (NISCO), which is affiliated with the Iranian Ministry of Industry and Mines;

» Ascotec is involved in the procurement of goods for Iran missile program;


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IFMAT Color Guide

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We sort entities who are connected with terrorist activities, in two sections, first by risk and second by geolocation.
GeoLocation divisions are divided into two fields, Black List and Gray List.
BlackList is a list of all companies, organizations and figures who originate from Iran.
GrayList is a list of all companies, organizations and figures out of Iranian borders, and doing business with Iran.
We identify risk of entities by COLOR selection, each color marks the risk level of the entity.(by declining order)
 
TOP ALERT
Designated / Sanctioned / Illicit entities
 
HIGH ALERT
Entities affiliated with Designated / Sanctioned / Illicit entities.
 
MEDIUM ALERT
Entities sanctioned in the past for Terror or Illicit activities / WMD related / Human rights violations.
 
RISK ALERT
Entities in a problematic sector - Sector controlled by the Top Alert entities.
 
GENERAL ALERT
Legitimate entities - we cannot determine whether an entity is completely green, and that is due to the facts that the Iranian economy is not transparent enough for us. Be sure.