Working Capital Financing for the Production of 10،000 TE-551 Toaster Ovens

  Tanin Eghtedar Pars Company, operating under the brand name "Techno," is active in the household appliance and audiovisual equipment industry. The company currently has 15 household appliance products and, over the past three years, has produced an annual average of more than 62 thousand units. All manufactured products are licensed to bear the mandatory standard mark. Given its history of manufacturing various toasters and other small household appliances in previous years, Tanin Eghtedar Pars Company intends to manufacture and sell 10،000 TE-551 toaster ovens during the project period. Based on the reviews of the financial statements, the company's infrastructure can support the production of 10،000 units of this toaster model per year. According to information received from the company and the assessments conducted, it is estimated that the company requires 44,400 million rials in working capital to manufacture and sell this number of units. It therefore intends to raise financing in a single round through the Halal Fund platform. Based on the company's statements and its financial history, the project's operating cycle is approximately 90 days. The financing will therefore cover production during the first 90-day period and enable the company to continue production in subsequent periods. It should be noted that, based on assessments of raw material supply contracts, the company procured some of the components required for production under contracts with suppliers before the implementation of this project and has paid part of the contract amount. The remaining amount will be financed using funds raised through the crowdfunding platform. Based on financial information received from the company and the assessments conducted, the project's profit margin  is estimated at approximately 39 percent, defining profit as the difference between sales and the costs of purchasing raw materials and the company's crowdfunding fee. A portion of this profit will be shared with investors. Taking into account the investors' share of the project's profit, the investors' internal rate of return is estimated to reach 25 percent. The funds raised by the company will primarily be used for the company's operating expenses, covering raw material costs and settling debts incurred for components purchased to manufacture the toasters covered by the project. None of the proceeds will be used to acquire capital assets. In addition, the proceeds will be used to pay the crowdfunding fee and other crowdfunding-related expenses. Based on assessments of the company's past practices, project revenue will be generated through direct sales of TE-551 toaster ovens to customers. It is projected that 10,000 TE-551 toasters will be sold at a price of 28 million rials, generating total project revenue of 280،120 million rials. The costs of this project include raw materials and the financing fee. It should be noted that other costs, such as labor, depreciation, and overhead, could not be calculated because the company manufactures other products in addition to the TE-551 toaster oven. These costs will therefore be borne by the financing recipient and covered by sources other than the funds raised through the Halal Fund platform. As noted, amounts paid under contract No. 99/ق/1400 dated 16/09/1400 with "Beh Nik Electronic" for the purchase of raw materials for toaster production will be included in this project's costs. The project is backed by a guarantee issued by the Machinery Manufacturing Industry Fund with Sepas number 3614511204808239, valid until 01/05/1402 and renewable at the request of Hesab Yari Amin Melal Company.   Project symbol: Halaltechno/ halaltec The composition of the Board of Directors is as follows: Arash Helmi: Chair of the Board of Directors Habib Helmi: Vice Chair of the Board of Directors Pejman Helmi: CEO and Member of the Board of Directors Shareholders holding more than 10 percent are as follows: 1. Pejman Helmi: 44.28 percent 2. Habib Helmi: 11.44 percent 3. Arash Helmi: 44.28 percent   This project  uses a flexible funding model and will be considered successful if at least half of the amount  sought by the applicant is raised. The draft partnership agreement between the investor and the applicant, along with the applicant's business plan, can be accessed via the link below. http://hlfd.ir/taningharardad1 http://hlfd.ir/taningharardad2 Third-Quarter Report
Project symbol: حلالتکنو/halaltec