As per RBI guidelines (2008), an MSME is considered to have reached the stage of incipient sickness if the following events are triggered: 

(a)    When there are cost overruns because of delay in commencement of commercial production by more than 6 months
(b)    The enterprise incurs losses for 2 years or cash loss for one year
(c)    The capacity utilisation is less than 50 percent of the projected level in term of sales
(d)    There is an errosion in the net worth due to accumulated cash losses to the extent of 50 percent of net worth during the previous accounting year
Which one of the following is correct?