Credit rating agency, CARE has reaffirmed ‘BBB-’ rating to Captain Polyplast’s long-term bank facilities worth Rs 23.02 crore. The rating agency has also reaffirmed ‘A3’ rating to the company’s short-term bank facilities worth Rs 26.50 crore. The ratings assigned to the bank facilities of Captain Polyplast (CPL) continue to derive strength from the vast experience and established track record of the promoters in the agricultural equipment industry, reputed clientele and financial risk profile marked by moderate profitability, comfortable compital structure and debt coverage indicators. The ratings also factor in healthy growth in the scale of operations during FY16 (refers to the period April 1 to March 31) of Captain group (comprising CPL and CPLD) with moderation in profit margins.
Captain Polyplast, an ISO 9001:2008 certified company, has registered its position as a reputed brand in the domestic and international market. It is a manufacturer, exporter & trading company of supreme quality HDPE Pipes and Irrigation Equipments including Drip Irrigation Systems, Sprinkler Irrigation Systems, Disc Filters, Screen Filters, Hydro-Cyclone Filters, Sand (Gravel) Filters, Compression Fittings, Valves (Electric & Mechanical), Fertilizer Tanks, Digital Controllers, Pressure Gauges, etc.
| Company Name | CMP |
|---|---|
| Supreme Industries | 3616.15 |
| Astral | 1572.55 |
| Finolex Inds | 174.45 |
| Nilkamal | 1300.15 |
| Jain Irrigation Sys | 33.79 |
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