CRISIL Reaffirms Datamatics Global Services Limited's Stable Financials By Assigning A / Stable / P1+ Rating

May 27, 2010 10:00:00 AM

Mumbai, May 27, 2010: CRISIL, India's leading Ratings, Research, Risk and Policy Advisory company, has assigned A / Stable / P1+ Rating for Datamatics Global Services Limited (BSE: 532528; NSE: DATAMATICS). This rating reaffirms the financial stability and low risk profile of Datamatics Global Services Limited (DGSL), a global provider of intelligent, value-driven technology and business solutions spanning IT consulting, business process transformation, off-the-shelf technology solutions and customized software services.

The rating highlights the company's low gearing (owner's equity or capital) to borrowed funds, high liquidity, and its promoters’ experience in the information technology (IT) and IT-enabled services industries.

As part of its rating, CRISIL also reiterated its belief that DGSL, together with its wholly-owned subsidiaries, will maintain its business risk profile over the medium-term on the back of its established position in the non-voice business process outsourcing (BPO) space ,IT Services and long-standing relationships with customers.

DGSL has a business model based on being a one-stop-solution provider of value-added, highly-effective business and technology solutions. The company focuses on delivering business solutions and addressing business pain-points of customers worldwide. The company has been able to pass on better value to customers because of better control on operations, reduction of cost (due to reduced common overheads and rationalized manpower) and improved profitability due to the collaboration between the BPO and IT divisions across technology and domain areas.

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