Credit rating agency, CRISIL has reaffirmed rating of Prima Plastics’ long term bank facilities at ‘BBB-’. The rating agency has also reaffirmed rating of the company’s short term bank facilities at A3.
The company has received the said rating reaffirmation on the back of company’s healthy financial risk profile, marked by low gearing, healthy debt protection metrics coupled with its established market position; and promoters’ extensive experience in the plastic-moulded furniture industry.
Prima Plastics is engaged in manufacturing of moulded furniture and aluminium composite panels (ACPs). The company’s manufacturing facilities in Daman (Union Territory of Dadra and Nagar Haveli) and Kerala.
Company Name | CMP |
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Supreme Industries | 5470.80 |
Astral | 2106.45 |
Finolex Inds | 307.00 |
EPL | 193.50 |
Jain Irrigation Sys | 64.30 |
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