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CARE reaffirms A1 rating assigned to the ongoing STD/CP of Simplex projects

03 Aug 2011 Evaluate

Credit rating agency, CARE has reaffirmed ‘A1’ rating to Rs 70 crore commercial paper (CP)/ short term debt (STD) programme of Simplex Projects.

The reaffirmation of rating takes into consideration satisfactory order book position and increased thrust on infrastructure related activities by Government of India. The rating also draw strength from the considerable experience of the promoters, satisfactory track record, project execution capability and diversified-project mix with satisfactory client portfolio.

Simplex Projects is a medium sized construction company based in Kolkata. It is the pioneer in the ‘fully automated multilevel car parking system’ in India and has major presence in eastern India, north-eastern India and northern India.

Peers
Company Name CMP
Lodha Developers 1104.75
Prestige EstatesProj 1494.10
Dilip Buildcon 398.95
DLF 662.60
Oberoi Realty 1775.00
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