Credit rating agency, CARE has reaffirmed ‘BBB’ rating to Orient Press’ long term bank facilities worth Rs 22.51 crore and ‘A3+’ rating to company’s Short term bank facilities worth Rs 12 crore. The rating agency has also reaffirmed ‘BBB/ A3+’ rating to company’s Long/Short term Bank Facilities worth Rs 10 crore.
The reaffirmation of ratings assigned to bank facilities of Orient Press (OPL) continue to derive strength from its experienced promoters & management, its well established position in printing of capital market offer documents, stable demand for its flexible packaging products, completion of packaging division expansion project, comfortable capital structure and its long standing relationships with reputed clientele.
Orient Press (OPL) is engaged in the segments of packaging and printing. Under packaging segment, the company manufactures flexible packaging material of multi-layer film laminates and paper board cartons; while under its printing segment, it is involved in several activities such as (1) printing of capital market stationery - offer documents etc, (2) commercial printing such as text books, annual reports etc, and (3) security printing like MICR cheques, dividend warrants, etc.
