Hirabhai Handlooms is a Vadodara based traditional Gujarati handloom firm keen to get an export licence. It is ready to pay the required security amount and possesses assets of Rs. 55 lakhs. Hirabhai Chamanlal is the owner of the firm as well as the President of State Handloom Association. Hence getting more than three guarantors with their IDs is not a problem. The firm possesses the environmental clearance certificate from the State Pollution Control Board after it was made mandatory for all handloom firms in the state.
Explanation:
Hirabhai Handlooms possesses assets of Rs. 55 lakhs and is ready to pay the security deposit. It has the environmental clearance and can get three guarantors with personal IDs. Therefore, it satisfies conditions III, IV, V and VI. There is no data for conditions I and II. As far as condition I is concerned, sub-condition (a) gets satisfies because it is given that it is a traditional handloom firm. However, condition II has no sub-condition associated with it and there is no data given. Finally, there is no option marked “Data Insufficient”. In such a case, the only option action that can be taken is that the license cannot be issued.
Hence, option (b).
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