Working Capital Financing for the Purchase and Sale of Henkel Adhesives

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 Office for Registration of Companies and Non-Commercial Institutions 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. According to Article 2 of its Articles of Association, the company's activities comprise: manufacturing and producing all equipment, machinery, and wooden products; purchasing, selling, exporting, and importing all legally permitted commercial goods, including machinery and furniture raw materials; entering into contracts with natural and legal persons; participating in tenders and auctions; obtaining bank loans; obtaining and granting agencies; and establishing branches throughout the country. Accordingly, the company intends to raise 250,000 million rials in working capital through crowdfunding on the Halal Fund platform. Any other expenses required to advance this project will be borne by the applicant. The project's operating cycle is 100 days. Therefore, given the 12-month project implementation period, 3 operating cycles will take place. It should be noted that the operating cycle according to the audited financial statements for the year 1403 is 267 days; however, based on the investee's statements, a period of approximately 100 days has been assumed for this project. The applicant is therefore required to maintain the minimum cycle period specified in the project.
Project symbol: حلالچسبی/Halalchs