Providing Working Capital for Importing and Distributing Ferik Welding Inverters

The Ferik brand, owned by Hashti Afarinan Sepehr, began operating in the industrial and household tools sector in Yazd in 1400 as Ferik Tools Gallery. Hashti Afarinan Sepehr intends to raise 150،000 million rials through crowdfunding on the Halal Fund platform to provide working capital for importing and distributing Ferik welding inverters. Of these funds, 146,800 million rials will be spent on importing and distributing Ferik welding inverters. Based on the applicant's statements and letter No. F/138/1404 dated 27/05/1404 (as attached), the project's turnover cycle has been assumed to be 3 months (4 times a year). Therefore, the cost of importing and distributing Ferik welding inverters over a 12-month period will be 587,200 million rials. It should be noted that, according to the audited financial statements for the year ended 1402, the company's operating cycle was 150 days (2.4 months). The applicant is required to maintain the turnover cycle stated in this project. This project has a flexible funding model and will be considered successful if at least 60 percent of the amount requested by the applicant is raised. Project profits (without a profit guarantee) are expected to be paid from the end of the third month and every 3 months thereafter; 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 Melli is 0350104627872759. It is valid until 1405/05/26 and may be extended at the request of Hesab Yari Amin Melal. Project symbol: Halaljoushk/ halaljsk
Project symbol: حلالجوشک/halaljsk