Financing Working Capital for Buying and Selling Copper and Aluminum Sections

Ati Negar Nafis officially began operating in spring 1400. The company operates in trade and commerce, supplying various industrial goods for sectors including steel, wire and cable, pumps and electric motors, as well as importing, distributing, and selling mobile phones online through a platform called “Vertuka.” Ati Negar Nafis intends to raise 120،000 million rials through crowdfunding on the Halal Fund platform to finance working capital for buying and selling copper and aluminum sections. Based on the audited financial statements for the period ending in 1402, the company's operating cycle was approximately 57 days (about 6 times per year). According to the investee's statements, the project's operating cycle has been set at 107 days (approximately 3 times per year). The investee is required to maintain the minimum operating cycle stated in this project. According to the applicant's statements (as detailed in the attachment), the company intends to purchase and sell 15,000 kilograms of copper and 50,000 kilograms of aluminum over the entire project operating period (12 months). The purchase price per kilogram of copper is assumed to be 13,333,333 rials, and the purchase price per kilogram of aluminum is assumed to be 4,000,000 rials. Consequently, for one project operating cycle (107 days), the company will purchase 4,380 kilograms of copper and 14,600 kilograms of aluminum. Therefore, the cost of the products purchased will be 116,800 million rials for one operating cycle and 400,000 million rials for the 12-month project period. This project uses a flexible funding model and will be considered successful if at least 60 percent of the amount requested by the applicant is raised. Project profit payments (without guaranteed profit) are projected to begin at the end of the third month and continue every 3 months; the principal will also be paid at the end of the twelfth month together with the corresponding profit. The principal is guaranteed by the applicant. The SEPAM number of the guarantee issued by Bank Refah Kargaran is 0115704640331619, and it is valid until 1405/05/25 and may be extended at the request of Hesab Yari Amin Melal.Project symbol: Halalatin/ Halalati
Project symbol: حلالآتین/Halalati