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Credit policies

Basic approaches and policies

‎1.‎ To reach the largest customer base and to increase the diversity of ‎credit portfolio through offering a wide range of facilities, higher levels ‎of individual credit limit, and avoidance of providing large-scale and ‎monopolistic facilities.‎
‎2.‎ To widen the field of activities, i.e. to avoid concentrating on a ‎particular area of economic activity, or specific goods.‎
‎3.‎ The maximum level of total leasing facilities granted to the affiliated ‎companies of any industrial group equal to 30% of the group's total ‎assets.‎
‎4.‎ The maximum level of total leasing facilities granted to the affiliated ‎companies of Butane Holding Co, equal to 10% of the holding ‎company's assets.‎
‎5.‎ To limit the provision of leasing facilities to private sector customers.‎
‎6.‎ To devote special attention to supporting productive economic sectors ‎and the consumer sector for acquiring durable consumer gods.‎
‎7.‎ To ensure the security of facilities granted as well as the expected ‎return on investment through assessing the creditworthiness of ‎applicants. ‎

Operational leasing strategies

In terms of operational strategies, the Shade Leasing Co. has the objective of ‎focusing on three areas: financial, consumer, and sales-aid leasing.‎

The goods for which leasing facilities are provided

‎1.‎ Durable goods, e.g. household goods.‎
‎2.‎ Business machines, e.g. computers, copiers, fax machines.‎
‎3.‎ Small- and medium-sized capital goods, e.g. productive machinery, ‎and service and medical equipment.‎
‎4.‎ Buildings, for commercial and other types of uses.‎

Timetables ‎

The repayment terms for durable and capital goods are 24 and 36 months, ‎respectively. ‎

Interest rate

The rate of interest for leasing facilities is 17%.‎

Credit limits ‎

The maximum amount of leasing facilities granted for durable and capital ‎goods are 50 and 2,000 million rials, for any individual or legal entity, ‎respectively. The Shade Leasing Co. offers leasing facilities equal to 100% of ‎the cost of the asset. ‎

Collaterals ‎

The following is a list of collaterals that may be used in the leasing contract: ‎commercial documents (e.g. promissory notes), intangible assets, stocks of ‎listed companies, invoices issued by public warehouses, certificates of long-‎term bank deposits, bank guarantees, government bonds, automobiles, ships, ‎airplanes, etc.‎