| Duration | 9 months |
|---|---|
| Min. Investment | ৳ 10,000 |
| Projected ROI | 16% per annum |
| Risk Grade | B+ |
| Repayment | 6 instalments (every month from 3rd month) |
Overview
Task Design & Consultancy is an engineering consultancy firm that provides services such as Structural Design, Architectural design, Soil test, Electrical design, Fire safety, Retrofitting, Industrial consultancy, HVAC, Interior Design, Compliance Audit, Environmental Impact Assessment, Landscaping, Graphics Design, and Steel building construction. The business is looking to raise funds for purchasing steel materials and trade it for a better profit margin using its exisiting sales channels.
Investors can expect to get an ROI of 12%* over 9 months (16% annualized). *subject to investment risk (details below)
The business has already repaid 30% of their previous campaign.
Update: The business has completed 100% repayment of first investment by August 2023.
Task Design & Consultancy [2]
The Business
Written by Task Design & Consultancy – verified by biniyog.io ✅
Task Design & Consultancy is one of the fastest growing consultancy firms in Bangladesh. The company started in 2015 and is operating successfully with 3 branches, 1 factory with a considerably stable flow of revenue.
The team consists of young engineers along with a highly experienced senior advisory team who guide us throughout the journey. We have successfully completed 6 industrial turnkey projects, 50 DEA & MEP projects, 120 residential & commercial constructions, 250 architectural designs and 850 industrial electrical, fire & safety audit projects for renowned organizations such as BRAC, JD Williams, Team group, Bangladesh Navy, Swiss Contact, Telenor and others. The cash cow of this company is industrial consultancy and construction of pre-fabricated steel buildings. Task Design & Consultancy has good rapport built-up in this arena.
Explore: Website link | Facebook page | LinkedIn page
Office address: Flat – 2, House – 10, Road- 5E, Sector – 11, Uttara, Dhaka, Bangladesh.
FAQ:
💡 Is the business Shariah-compliant?
The business model (trading steel plates & scraps, construction and consultancy) 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 Task Design & Consultancy – verified by biniyog.io ✅
Managing partner 1: Kamruzzaman Shohug
From the very beginning of my career I am closely related to the industrial compliance sector. I was fortunate enough to work in ILO, ACCORD, GIZ which made me passionate about industrial compliance, worker safety, green building, sustainable development and so many more. As I have had the experience of working in both the audit and the development sector, it was easy for me to understand and deliver client requirements in my consultancy career. With time, our dynamic team has established TASK DESIGN & CONSULTANCY as one of the reputed industrial consultancy firms in Bangladesh.
Managing partner 2: Md. Niaz Mustaqeem
I have an experience of around 16 years of working in the engineering sector of Bangladesh. I have completed my graduation from BUET. I have worked as the project director of Waseq Group. After that, I worked as a chief engineer of A Square Multipurpose Ltd. Having such a wide area of work experience has allowed me to understand the complete scenario of the engineering sector of Bangladesh. I am now investing my prior experience and knowledge in Task Design & Consultancy and striving to make our firm as one of the finest engineering firms in Bangladesh.
- Strong connection management with the customers and the suppliers.
- One stop solution provider (big-scale construction services, interior designing and construction consultancy)
- Experience of working in big projects of renowned businesses such as BRAC, JD Williams, Team group, Bangladesh Navy, Swiss Contact, Telenor, Alib Composite Ltd., International Classic Composite Ltd. and others.
- Structured procurement plan.
The Contract
The investment is for a period of 9 months, expected from September 2023 to May 2024.
Projected Return on Investment (ROI): 12%
Projected ROI: 16% per annum
biniyog.io will NOT charge the investors any fees for this service.
Example: if someone invests BDT 100k in the project, he/she can expect to receive a total of BDT 112k by May ‘24.
- Investors will go into a Murabahah agreement (sale contract) with Task Design & Consultancy for purchasing construction steel items.
- It will be a “buy-and-sell” process where investors will first buy products through biniyog.io. Task Design & Consultancy will then buy those items from investors on credit and pay the amount over 9 months in 6 instalments.
- 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 Task Design & Consultancy
- biniyog.io has proposed a price to Task Design & Consultancy for the products after considering a minimum 12% profit on actual cost of product procurement. Task Design & Consultancy has agreed to it.
- Investors can expect to get their returns over 9 months in 6 instalments:
- 15% by the in December’23
- 15% by the in January’24
- 15% by the in February’24
- 15% by the in March’24
- 15% by the in April’24
- Final 25% in May’24
Shariah Compliance
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
- Inflationary pressure impacting the contract/ project-based sales: Task Design & Consultancy generates revenue from different projects with organisations and individuals. Due to current inflationary pressure, Task Design & Consultancy may face an unforeseen drop in sales if their clients decide to stop construction and expansion. Besides, some ongoing contracts may get postponed or halted due to the unpredictability of the ongoing economic situation. In addition, any event of payment delay from a client may also result in delay in investor repayments.
- Task Design & Consultancy’s strategy: The business has completed a good number of projects and contracts during 2021 – 2022. The clients that they work with have many projects ongoing at the moment. biniyog.io has contacted some of the clients of Task Design & Consultancy and has received good feedback about their quality of work. Due to their quality work and good relationship with existing clients, Task Design and Consultancy is getting priority when the current and new clients are giving out new contracts. Moreover, the business has 3 wings that are construction, interior designing and engineering consultancy that diversifies the points of revenue generation.
- Task Design & Consultancy’s strategy: The business has completed a good number of projects and contracts during 2021 – 2022. The clients that they work with have many projects ongoing at the moment. biniyog.io has contacted some of the clients of Task Design & Consultancy and has received good feedback about their quality of work. Due to their quality work and good relationship with existing clients, Task Design and Consultancy is getting priority when the current and new clients are giving out new contracts. Moreover, the business has 3 wings that are construction, interior designing and engineering consultancy that diversifies the points of revenue generation.
- Possibility of time lag in procurement: The current situation of the steel market is still unstable. Price volatility may result in time lag of procuring the steel materials. Sudden abnormal price hikes may also result in significant delay in the procurement.
- Task Design & Consultancy’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 allows the business to avoid events of uncertainty. Moreover, biniyog.io has contacted some of the major suppliers of Task Design & Consultancy for verification and has received positive feedback regarding their transaction and volume of business.
- Possibility of political turmoil following the upcoming election: Our assessment assumes that there will be some macroeconomic turmoil towards the end of 2023 before the general election. This may impact any business.
biniyog.io will buy the products on behalf of investors first and secure ownership. The products will then be handed over to Task Design & Consultancy within a very short time frame.
Task Design & Consultancy would have the right to reject the products due to quality etc. The risk is expected to be minimal since Task Design & Consultancy 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 will buy the products on behalf of investors first and secure ownership. The products will then be handed over to Task Design & Consultancy within a very short time frame.
Task Design & Consultancy would have the right to reject the products due to quality etc. The risk is expected to be minimal since Task Design & Consultancy themselves will be choosing the items before biniyog.io buys them.
This is a necessary risk to ensure Shariah compliance of the transaction.
Task Design & Consultancy 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.
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06-08-2023
This campaign is now live on biniyog.io!
The funding campaign has started. The target is BDT 20 lac.
