EFIC Home - Case studies slide show

EFIC provides finance and insurance solutions to Australian businesses involved in export, overseas investment and those working in export supply chain projects. If you are an established Australian business looking to expand your business in exports or foreign markets - find out if EFIC is for you.
Austal
Austal
Austal won an international tender to build 4 high speed ferries. But their buyer, the Trinidad and Tobago’s National Infrastructure Development Company Limited needed help to structure a finance package that allowed Austal to get paid on delivery. EFIC’s export finance guarantee enabled Austal’s bank to lend the funds to the buyers of the ferries.

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Knog
Knog
Knog’s urban cycling and accessories design was attracting the attention of customers from around the world. As demand for their products was growing substantially, the company needed additional cash flow to fulfil their distributors’ orders. So they turned to EFIC who supported their business with an exporting working capital guarantee.

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Environmental Systems & Services
Environmental Systems & Services
Winning a contract to supply the Polar Research of China with advanced satellite tracking ground stations was a dream contract come true for ES&S. But they soon realised they needed working capital to deliver on the contract. So they turned to EFIC, who provided them with an advance payment and warranty bond for the contract that transformed their business.

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McConnell Dowell
McConnell Dowell
McConnell Dowell had just won two contracts, one of which was for the construction of a new airfield in Papua New Guinea. When considering how best to manage capital expenditure issues created by the two contracts drawing on resources simultaneously, they spoke to EFIC. EFIC assisted by providing performance bonds for the contracts in order to free up their working capital.

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Planet Lighting
Planet Lighting
It was Planet Lighting first large scale international project. The NSW based company secured 3 contracts to supply feature lighting fixtures to the Dubai Metro project in the United Arab Emirates. However, the company needed to provide their buyer with 3 advance payment bonds. EFIC’s assistance ensure they had the cash flow for an immediate start on their contracts.

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Gasco
Gasco
Gasco was boosting its Middle East exports with a large contract to supply equipment to the Dolphin Energy Project. However, as was standard practice, their client wanted reassurance that they could fulfil the contract. EFIC provided Gasco’s bank with a guarantee which in turn issued a performance guarantee for the contract. This deal helped them to free up their working capital.

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Mindful Films
Mindful Films
Production Company, Mindful Films Pty Ltd had just completed its new documentary series, Outback Fight Club, when it faced a funding shortfall for post-production work. The producers intended to apply for the tax rebate for Australian film producers but the immediate costs needed to be paid before they received the rebate. EFIC’s loan to Mindful Films enabled them to meet their post production expenses.

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African Underground Mining Services
African Underground Mining Services
AUMS was winning contracts to support projects on remote locations in West Africa. But as the GFC hit, commercial credit for transactions in emerging markets remained constrained. So AUMS decided to get EFIC involved. EFIC with Caterpillar provided a loan to allow the company to meet all their contract obligations in a region where many commercial lenders are reluctant to go.

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Outotec
Outotec
The Ampara district in Sri Lanka was in need of safe drinking water. Outotec was tasked with the design and construction of a water supply scheme. The financial options available in the commercial market were limited. EFIC’s export finance guarantee was key to Outotec winning the contract by providing a guarantee to the Sri Lankan-based buyer’s financiers.

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Urban Art Projects
Urban Art Projects
Winning the contract to design and fabricate major sculptures for the Shanghai World Expo 2010 was another opportunity to showcase their work to the world. But to do so, the design company needed more working capital to support their growing international operations. EFIC supported their business by providing a working capital guarantee to UAP’s bank, which helped UAP realise their export ambitions.

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