Provision of Working Capital to Complete Construction Operations and Procure Equipment for the Shahid Kabiri Lamerd Gas Compression Facilities Construction Project

Darya Pala Energy was registered on 1382/04/25 and operates in engineering services, design, management, and execution of industrial projects, particularly in the oil, gas, petrochemical, power, water, and energy industries.The company's scope of activities includes basic and detailed design, project and contract management, equipment procurement, project execution, operation and maintenance, as well as HSE services, energy consumption optimization and monitoring.Darya Pala Energy also shows involvement in oil and gas projects, including various phases of South Pars and gas transmission pipeline and facility projects, and the company's name also appears on lists of engineering companies active in oil, gas, and transmission pipelines.Darya Pala Energy is currently working in partnership with Sekaf as the contractor for the construction of the Shahid Kabiri Lamerd Gas Compressor Station, which attests to the company's execution experience in gas industry EPC projects.Darya Pala Energy intends to raise 190،000 million rials through crowdfunding on the "Halal Fund" platform to provide working capital for completing construction operations and procuring equipment for the Shahid Kabiri Lamerd Gas Compression Facilities Construction Project. According to the applicant's statements (as detailed in the attached letter), Darya Pala Energy, in partnership with Sekaf, has participated in the execution of the "Shahid Kabiri Lamerd Gas Compression Facilities Construction" project on an EPC basis, and Darya Pala Energy's share in this partnership is 20 percent. The total project contract amount comprises a foreign-currency component of 9,000,000 euros and a rial component of 6,351,047,501,225 rials. Accordingly, Darya Pala Energy's share of contract revenue is 1,800,000 euros and 1,270,209,500,245 rials.According to the applicant's statements, 1,616,454 euros of the company's foreign-currency revenue has been collected to date, with 183,546 euros remaining. In addition, 298,857,881,217 rials of the company's rial-denominated share of the contract has been collected to date, and the company's remaining rial revenue is approximately 971,351,619,028 rials. According to the applicant, the remaining costs to complete the project comprise 79,425 euros in foreign-currency costs and approximately 684,778,541,000 rials in rial-denominated costs.According to the applicant's statements, project progress at the time the letter was submitted was approximately 89.80 percent, with the anticipated project completion date stated as 25/06/1406 and the anticipated collection date for the remaining receivables stated as 31/06/1406.On this basis, and considering only the amounts reported by the applicant, the surplus of remaining revenue over the remaining project costs attributable to Darya Pala Energy's share is estimated at approximately 104,121 euros in the foreign-currency component and approximately 286,573 million rials in the rial component. Accordingly, the profit defined in this plan is the difference between the collectible revenues attributable to Darya Pala Energy's share of the contract and the remaining costs required to complete the project obligations, together with the costs associated with crowdfunding.On this basis, Darya Pala Energy is projected to realize a profit of 561,376 million rials at the end of the project (taking crowdfunding costs into account). The investors' share of the estimated profit was 3/14 percent.
Project symbol: حلالدریا/halaldar