Working Capital Financing for the Production and Sale of Various Types of Premium Cabinet Doors

Novin Choob va Sanat Asia Industrial Group Company (Private Joint Stock), with national ID 10102856272, was registered on 14/02/1384 as a limited liability company with the Tehran Companies and Non-Commercial Institutions Registration Office under registration number 244962. On 28 Khordad 1385, the company was converted into a private joint stock company pursuant to the minutes of the Extraordinary General Meeting dated 25/02/1385. Under Article 2 of its Articles of Association, the company's activities comprise: manufacturing and producing all types of equipment, machinery, and wooden products; buying, selling, exporting, and importing all permitted commercial goods, including machinery and raw materials for furniture; entering into contracts with natural and legal persons; participating in tenders and auctions; obtaining bank loans; obtaining and granting agency rights; and establishing branches throughout the country. Accordingly, the company intends to use crowdfunding through the Halal Fund platform to raise 250,000 million rials in working capital for the production and sale of various types of premium cabinet doors. Any other costs required to advance this project will be borne by the applicant. This project uses flexible funding and will be considered successful if at least 60 percent of the amount sought by the applicant is raised. The project's profit (without a profit guarantee) is projected to be paid starting at the end of the third month and every 3 months thereafter; the principal will also be repaid at the end of the twelfth month together with the corresponding profit. The principal has been guaranteed by the applicant. The Sepas number of the guarantee issued by the University of Tehran Fund is 1004814041372420. It is valid until 1405/10/04 and may be extended at the request of Hesab Yari Amin Melal Company. Project symbol: Halalkabi/Halalkbn
Project symbol: حلالکابی/Halalkbn