Transitions
From adversity to opportunity
Client profile
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Small petrochemicals trader
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Exports 100%
Challenges
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Significant trading loss
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Reduced liable capital
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Cancelled credit facility
Solutions
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Automate risk management
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Restore working capital
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Rebuild business confidence
Actions
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Defined project goals, milestones, deliverables
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Set up a European representative office to widen access to trade finance
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Analyzed business processes and mapped inherent risks
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Developed and stress-tested an integral risk management policy
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Improved accounting, controlling, reporting systems in accordance with best practices
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Enhanced corporate marketing to lenders and other stakeholders
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Integrated and stress-tested CTRM software for trade flow management
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Led negotiations with banks and non-bank lenders, arranged transactional equity financing and new credit facilities, implemented required securitizations (deal structuring)
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Introduced new suppliers and customers in several markets
Results
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Working capital increased by $25m
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60% annual turnover growth
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Fully repaid equity financing
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Higher financing costs offset by higher turnover
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New business partners thanks to enhanced PXF and trade credit
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Zero loss record during project execution
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Advanced staff competencies through on-the-job training
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Transferred daily operations to employees