Duration

8-9 months

Min. Investment

৳ 10,000

Projected ROI

14.66%-16.50%

Risk Grade

B

Overview

Golden Tech Limited aka GTL  is a manufacturer of PVC conduit pipe to real-estate companies and traders all over Dhaka city. With experience of working in the similar industry for more than 10 years its founder started this business in 2017.  Currently, the business is looking forward to expanding its customer base by onboarding real estate companies. Therefore, the business  needs financing to increase its production capacity and stocking raw materials. 

Investors can expect to get an ROI of 11%* over 8-9 months (14.66%-16.50% annualised).

*subject to investment risk (details below)

Nikunja 2, Dhaka, Bangladesh

Golden Tech

৳ 20,000 Raised
৳ 150,301 Being Processed
3 Days Left
Raised:
4.00%
Goal: ৳ 500,000
Minimum amount is ৳ 10000 Maximum amount is ৳ 150000
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By Nerob
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The Business

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Written by Golden Tech Limited – verified by biniyog.io ✅

Established in 2017, Golden Tech is a manufacturer and supplier of high-quality PVC conduit pipes, light holders, fan boxes, and PVC fittings, catering to real estate developers and traders across Dhaka city. With a manufacturing plant boasting a daily production capacity of 1000kg, the business has built a strong reputation and a loyal customer base, including several prominent real estate companies in Bangladesh. As the business continues to grow, the business wants to explore new partnerships and expand their sales channels to better serve the needs of the real estate industry.

Now the business is looking forward to raise funds for enhancing production capacity to expand their sales channel by onboarding more corporate clients in the real estate industry. 

Adders: 
Office: House#4, Road# 20, Nikunja 02, Dhaka 1229. 
Factory: 868 Gobindopur,Ujampur Uttarkhan Dhaka 1230.

FAQ:
💡 Is the business Shariah-compliant?

  • The business model (manufacturing and trading of high-quality PVC conduit pipes, light holders, fan boxes, and PVC fittings) is Shariah-compliant
  • However, according to our Shariah Advisors, biniyog.io and the investors will NOT be liable if the day-to-day operations of the business are not fully Shariah-compliant.

    This is because investors will be going into a Murabaha (sale contract), not profit-sharing or partnership. Please find contract details in the “Contract” section below.

💡 Is there any investment risk involved?

Investments have risks by definition, especially if they are halal. Please find possible risk details for this campaign in the “Risk” section below.

Written by Golden Tech Limited – verified by biniyog.io ✅

My name is Md Mesbahur Raman, and I am the founder of Golden Tech. completed my MBA in Marketing. After a decade of experience with BRB Cables, I launched Golden Tech to provide top-quality PVC conduit pipes to real estate companies and traders across Dhaka city. We are now looking to expand our client base and seek funding to support this growth.

  • Strong networking with customers and the suppliers.
  • Notable industry experience of the owner. 
  • Business have their own manufacturing set-up with 1000 kg per day production capacity. 

The Contract

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The investment is for a period of up to 9 months, expected from June 2024 to March 2025. If everything goes smoothly, it may be completed as early as 8 months, by February 2025.

Projected Return on Investment (ROI): 11%

biniyog.io will be charging investors a 8.33% fee on their profits.

Example: If an investor invests BDT 100k and makes a profit of 12k, biniyog.io will charge 1k as service fee. This means investors will be keeping 91.67% of profits generated. The net ROI for the investors will be 11% for after deducting biniyog.io’s fee.

  • Investors will go into a Murabahah agreement (sale contract) with Golden Tech for purchasing raw materials to produce PVC pipe, fitting and other items.
  • It will be a “buy-and-sell” process where investors will first buy products through biniyog.io. Golden Tech Limited will then buy those items from investors on credit and pay the amount over the campaign duration.
  • biniyog.io will act as an agent for the investors and buy the products, take necessary ownership and risk of asset possession on their behalf, and then sell to Golden Tech.
  • biniyog.io has proposed a price to Golden Tech for the products after considering a minimum 12% profit on actual cost of product procurement. Golden Tech has agreed to Investors will be getting a net of 11% profit after deducting biniyog.io’s service charge on investor profit.
  • Investors can expect to get their returns over 2 instalments:
    • 10% by January’25
    • 70% by March’25

Shariah Compliance

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Investors appoint biniyog.io as an agent to deal on their behalf (Wakalah) and invest into the business through buy and sale of assets under an advanced buy-and-sell (Bai’ Murabaha) agreement.

biniyog.io‘s Shariah advisors have approved the basis and application of this Bai’ Murabaha contract.

Potential Risks

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  • Inflationary pressure impacting the corporate sales: Golden Tech earns a good number of sales from the real estate industry and generates a stable revenue. Due to the inflationary pressure, the business may face an unforeseen drop in sales if their clients decide to stop construction and expansion.
    • Golden Tech’s strategy: The business has served a good number of clients in their various projects since it started its journey. The clients usually have ongoing projects. . This enables the business to keep on generating sales from those clients. 
  • Possibility of price hike of raw materials: The current situation of the raw materials market for PVC pipe products is unstable. Price volatility may result in time lag of procuring or may result in a price hike of the products of Golden Tech. Being a business in a  price sensitive industry, any abnormal price hikes may also result in significant decrease in sales or net profit margin.
    • Golden Tech’s strategy: The business maintains strong connections with its suppliers. So, they are able to schedule the procurement according to their needs on time. This helps the business to face events of uncertainty tolerably.
  • Delayed Payment from corporate clients: Delayed payment from the corporate clients may create significant cash shortage for the business which might heavily affect the smooth production and procurement cycle of the business ultimately. 
    • Golden Tech’s Strategy: The business has established a good relationship with the corporate clients, and the owner’s experience in the industry helps him to sort the client list which ensures smooth payment cycle over time. 

biniyog.io will buy the products on behalf of investors first and secure ownership. The products will then be handed over to Golden Tech within a very short time frame.

Golden Tech would have the right to reject the products due to quality etc. The risk is expected to be minimal since Golden Tech themselves will be choosing the items before biniyog.io buys them.

This is a necessary risk to ensure Shariah compliance of the transaction.

biniyog.io has done in-house analyses of the projected returns of the business and they are expected to be able to repay on time, if not hugely impacted by macroeconomic issues.

Golden Tech will share instalment cheques with biniyog.io. A guarantee security cheque will also be kept from the business owner. Moreover, the business will introduce a guarantor in the contract for adding an extra layer of security.

Disclaimer

This investment opportunity is based on a first come first serve basis. Your investment is secured only after your transfer-proof has been received. If the investment quota is already filled, your transferred amount shall be returned.

Return of your capital is NOT guaranteed. Investment, by default, requires a risk appetite. Past performance is not a guaranteed indicator of future outcomes.

biniyog.io only acts as a consultant to the investor and the business, and does NOT manage funds for any party.

biniyog.io does risk assessment to a certain extent, but will NOT be liable if the business does not perform as per expectation.

For any questions, please use the chat icon on the right or leave a message.

  • 09-06-2024

    This campaign is now live on biniyog.io!

    The funding campaign has started. The target is BDT 5 lac, stretch goal BDT 8 lac