ANALYSIS ABOUT THE OPTION 3rd
- Here company becomes the guarantor that’ s why if the principal debtor become the defaulters either in the payment or repayment of interest or loan respectively, then guarantors becomes the liable for the same. So it is very risky for the Company to avail this option.
Thus in my opinion the company should not go for this option at all as it is very risky and instead of it it may avail the second option that is very good as compared to it.
DISADVANTAGES OF THIS OPTIONS
- As the interest on debentures has to be paid every year whether there are profits or not, it becomes burdensome in case the company incurs losses.
- Usually the debentures are secured. The company creates a charge on its assets in favor of debenture holders. So a company which does not own enough fixed assets cannot borrow money by issuing debentures. Moreover, the assets of the company once mortgaged cannot be used for further borrowing.
- the company goes for the availability of this options then it has to face the following disadvantageous –
- Debenture-finance enables a company to trade on equity. But too much of such finance leaves little for shareholders, as most of the profits may be required to pay interest on debentures. This brings frustration in the minds of shareholders and the value of shares may fall in the securities markets.
- Burdensome in times of depression: During depression the profits of the company decline. It may be difficult to pay interest on debentures. As interest goes on accumulating, it may lead to the closure of the company. Until now you have learnt about issue of shares and debentures as two main sources of raising long term finance.
If the Company goes for the availability of his option then as it requires creation of the Charge that may also involve some cost or expenses relating to charge and may have impact on the assets of the company and if default is made by the Company then it may have to loose its assets as however that will depend on the terms and conditioned mentioned in the charge deed for the purpose between the interested parties
Thus the company may go for raising fund through issuing debentures this may results into the increment of the creditors of the company which will take the fixed interest as agreed and repayment of the same invested money on the time as agreed.
If Company wants to go got issuing debentures then it is required to be a public one and if it agrees with the advantageous and suffer disadvantageous of the option 4 as discussed then it can go for the same. here the conditions as expressed by the existing members is that they want to have the full control over the company and little transparency then it may borrow loan privately and can get the advantage thereof being a private one .
Thus in all the above discussed option it is the discretions of the existing members which one to choose which may be based on the above logical discussion.
分析选项有关的第三
1。公司成为担保人，这就是为什么如果主债务人成为支付或偿还利息或贷款分别在欠款人，然后担保人成为承担相同。所以这是非常危险的公司利用这个选项。
因此，在我看来，公司应该不会去这个选项在所有，因为它是非常危险的，而不是它可以利用第二个选项相比，这是非常好的。
此选项的缺点
1。由于债券利息每年支付是否有利润或没有的情况下，该公司遭受损失，就成了沉重的负担。
2。通常情况下，债券的担保。该公司创建了一个资产抵押债权证持有人赞成。因此，一个企业没有自己的足够的固定资产不能借钱，发行债券。此外，该公司的资产，一旦抵押不能用于进一步举债。
3。该公司此选项的可用性，那么它要面对的不利 –
4。债权融资，使公司交易的股票。但是，太多这样的融资离开小股东，因为大部分的利润可能会被要求支付利息债券。这使得在股东心目中的挫折和证券市场股票的价值可能下跌。
5。繁重的萧条时期：在抑郁症该公司的利润下降。这可能是难以支付的利息债券。由于利息的累积，这可能会导致该公司关闭。到现在为止，你已经了解了发行股份及债券筹集长期资金的两个主要来源。
如果公司的可用性，他的选择，因为它需要充电，还可能涉及一些费用或收取的费用，并可能会影响本公司的资产，如果默认情况下是由本公司的创建，那么它可能但是这将取决于提到的条款和条件在充电契约的目的有关各方之间的，必须失去其资产。
因此，该公司可能会通过发行债券筹集资金，这会导致该公司的债权人，将采取固定利率的增加一致和投资的钱偿还约定的时间。
如果公司想要去得到发行债券，那么它必须是一个公共的，如果它同意与有利，并受到不利的选择4所讨论的话，就可以去同样的。现有成员所表达的条件是，他们希望能有完全的控制权的公司和缺乏透明度话，就可能贷款私下和可以得到的优点，其作为一个私人的。
因此，在上面讨论的所有选项，它是要选择哪一个，可以根据上述的逻辑讨论的现有成员的酌情权。
