The Hindu : Falcon Tyres' rating downgraded

Online edition of India's National Newspaper
Thursday, May 31, 2001

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Business \| Previous \| Next Falcon Tyres' rating downgraded ICRA has downgraded the A1 rating assigned to the Rs. 5 crore commercial paper programme of Falcon Tyres (FTL) to A2 plus indicating high safety. The relative safety is marginally lower than in A1 rating. FTL, promoted by the M. R. Chhabria group, is one of the leading companies in the domestic two and three wheeler tyre industry. FTL at present markets two and three wheeler tyres and tubes under the Dunlop brand name. In 2000-01, it achieved a net sales of Rs. 88.84 crores and a net profit of Rs. 1.75 crores (unaudited figures). Corporate Bureau Send this article to Friends by E-Mail
Section : Business Previous : Hind. Sanitaryware: rating downgraded Next : Ace Designers' rating retained
Front Page \| National \| Southern States \| Other States \| International \| Opinion \| Business \| Sport \| Science & Tech \| Entertainment \| Miscellaneous \| Features \| Classifieds \| Employment \| Index \| Home
Copyrights © 2001 The Hindu Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu

Front Page \| National \| Southern States \| Other States \| International \| Opinion \| Business \| Sport \| Science & Tech \| Entertainment \| Miscellaneous \| Features \| Classifieds \| Employment \| Index \| Home

Business \| Previous \| Next Falcon Tyres' rating downgraded ICRA has downgraded the A1 rating assigned to the Rs. 5 crore commercial paper programme of Falcon Tyres (FTL) to A2 plus indicating high safety. The relative safety is marginally lower than in A1 rating. FTL, promoted by the M. R. Chhabria group, is one of the leading companies in the domestic two and three wheeler tyre industry. FTL at present markets two and three wheeler tyres and tubes under the Dunlop brand name. In 2000-01, it achieved a net sales of Rs. 88.84 crores and a net profit of Rs. 1.75 crores (unaudited figures). Corporate Bureau Send this article to Friends by E-Mail
Section : Business Previous : Hind. Sanitaryware: rating downgraded Next : Ace Designers' rating retained
Front Page \| National \| Southern States \| Other States \| International \| Opinion \| Business \| Sport \| Science & Tech \| Entertainment \| Miscellaneous \| Features \| Classifieds \| Employment \| Index \| Home
Copyrights © 2001 The Hindu Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu