Providing Working Capital for Buying and Selling Various Types of Grinders

The Ferik brand, owned by Hashti Afarinan Sepehr, began operating in the industrial and household tools sector in 1400 as the Ferik Tool Gallery in Yazd. Hashti Afarinan Sepehr intends to raise 50،000 million rials through crowdfunding on the Halal Fund platform to provide working capital for buying and selling various types of "grinders" under the "Ferik" brand. Of this amount, 47,800 million rials will be spent on purchasing various types of grinders. According to the applicant's statements and the documentation submitted, the purchase cost of each grinder has been estimated at 34,562,500 rials. Accordingly, the company intends to purchase 1،383 grinders for 47,800 million rials for one operating cycle of the project. Based on the applicant's statements and letter No. 56-404 dated 03/02/1404 (as attached), the project's operating cycle has been set at 3 months (4 times per year). Therefore, purchases of various types of grinders over the 12-month period will total 5،532 units at a cost of 191,200 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 operating cycle stated in this project.   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 profits (without a profit guarantee) are expected to be paid every 3 months, starting at the end of the third month; 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 Noafarin Fund is 1794814041266231 and it is valid until 1404/02/07 and may be extended at the request of Hesab Yari Amin Melal Company.  Contract Project Evaluation Project Symbol:Halalsepehr/halalsph
Project symbol: حلالسپهر/halalsph