CARE revises ratings of Bengal Tea & Fabrics’ bank facilities

12 Jun 2014

Credit rating agency, CARE has revised rating of Bengal Tea & Fabrics’ long term bank facilities worth Rs 108.60 crore to ‘BBB’ from ‘BBB-’. The rating agency has also revised rating of company’s short term bank facilities worth Rs 8.50 lakh to ‘A3+’ from ‘A3’.

The revision in the ratings factors in improvement in the financial risk profile of Bengal Tea & Fabrics (BTFL) upon improvement in the operating performance of its textile division during FY14 (refers to the period April 1 to March 31) on the back of stable cotton prices and sustained demand for its yarn and fabrics.

Bengal Tea & Fabrics has interest in the business of Tea and Textiles. The tea estates of the company are situated in Upper Assam. The company also owns a composite textile mill, namely Asarwa Mills situated in Ahmedabad in the state of Gujarat.

Related Bengal Tea & Fabrics Ltd. Links:

Bengal Tea & Fabrics Share Price

40.00 0.15 (0.38%) Apr 22, 18:01
1 Year Price Chart
Company Name CMP
Trident 13.51
Filatex India 74.85
Sutlej Textiles&Inds 37.50
Nahar Spinning Mills 94.05
Nahar Ind.Enterprise 41.50
View more..
Sensex vs Bengal Tea & Fabrics
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323