Infrastructure Leasing & Financial Services has been downgraded by rating company ICRA citing elevated debts , slow assets monetization and deterioration in the credit profile of its subsidiaries. This is the first time that the company’s rating has been downgraded.
According to ICRA, IL& FS has ₹.304/-debt for every ₹.100/- of net worth which includes equity, reserves and surplus. It’s a group comprising of 90 entities and special purpose vehicles. This company is into infrastructure , investment banking, asset management and education. In spite of diversified nature of activities and investment share holding by world experts like LIC, HDFC, ORIX Japan, Abu Dhabi Investment authority,Central Bank, State Bank of India.
We at Vasturaviraj, not an economic and financial experts but can definitely predict that in most of their projects as well as corporate and subsidiary offices there must be vastu defects of serious nature in South to west region blocking their financial rolling. At the same time if there is disharmony among the the project personnel’s as well as cash flow crunch may be attributed to Vastu imbalance in North-West and South-East respectively.
We at Vasturaviraj, not an economic and financial experts but can definitely predict that in most of their projects as well as corporate and subsidiary offices there must be vastu defects of serious nature in South to west region blocking their financial rolling. At the same time if there is disharmony among the the project personnel’s as well as cash flow crunch may be attributed to Vastu imbalance in North-West and South-East respectively.
As a trail run IL& FS must try with project with high magnitude of investment blockage risk factors , because vastushastra -a complimentary science existing for thousands of years because of proven track record for ages.
The Above story was published in Newspaper ‘The Economic Times” dated on 8th August, 2018
VASTURAVIRAJ
