Key Corp is a non-banking finance company (NBFC) engaged in vehicle financing. The company specialises in financing old/used vehicles and currently finances a large portfolio of old vehicles. It is based out of the state of Uttar Pradesh (UP) and has operated in this business for over 23 years. Management foresees ample scope for continuing and expanding its activities. The company reported marginal operating profits on a reasonably stable revenue base in the last five years except during the 2008/2009 downturn when performance took a hit as expected. It reported about 30-40 lacs in net interest income on gross interest income of about 80-90 lacs in the last financial year. It held liquid assets of about 12cr in various equity and debt funds as at 31 st March, 2012. The business is exposed to economic downturns, which reduces demand for vehicles, and a high interest-rate environment, which increases its cost of operation and squeezes margins. The business also f
An Individual Investor's Perspectives On The Indian Financial Markets