Financing Part of the Working Capital for Buying and Selling Pinto Beans and Lentils

The main business activity of Sahand Iranian Smart Business Development Company is exports and imports. Products traded in recent years include agarose powder, pinto beans and red beans, chickpeas, lentils, and split peas. Sahand Iranian Smart Business Development Company intends to raise financing through the HalalFund crowdfunding platform to provide working capital for buying and selling pinto beans from Uzbekistan and lentils. The intended financing amount is 180.000 million rials, and the details of the project are as follows: According to the applicant's statements (as detailed in the attached letter), the average operating cycle is estimated at 365 days, equivalent to 1 cycle during the project's 12-month term. It should be noted that the operating cycle in the financial statements is 274 days. It is important to note that the operating cycle declared by the applicant is 365 days, and the company will be required to maintain the minimum declared turnover. Also, according to the applicant's statements (as detailed in the attached letter), the company's average gross profit margin for the product covered by the project  is 38%. Also, based on the audited financial statements for the fiscal years ending in 1403 and 1402, the company's gross profit margins are 78/45% and 89/29%, respectively. The principal has been guaranteed by the applicant. The Sepas number of the guarantee issued by the Machinery Industry Fund is 1204814051426608. It is valid until 1406/02/19 and may be extended at the request of Hesab Yari Amin Melal Company. Project symbol: Halalchiti/halalcht
Project symbol: حلالچیتی/halalcht