DOCSLIB.ORG

Cyrela Brazil Realty S.A. Empreendimentos E Participações

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

Cyrela Brazil Realty S.A. Empreendimentos e Participações Quarterly Information - ITR ended September 30, 2020 (A free translation of the original report in Portuguese as published in Brazil containing quarterly information prepared in accordance with accounting practices adopted in Brazil and IFRS) applicable to the Brazilian Real Estate development entities and registered with the Brazilian Securities and Exchange Commission (CVM). KPMG Auditores Independentes Rua Arquiteto Olavo Redig de Campos, 105, 6º andar - Torre A 04711-904 - São Paulo/SP - Brazil Caixa Postal 79518 - CEP 04707-970 - São Paulo/SP - Brazil Telephone +55 (11) 3940-1500 kpmg.com.br Report on the review of quarterly information - ITR To the Shareholders and Administrators of Cyrela Brazil Realty S.A. Empreendimentos e Participações São Paulo - SP Introduction We have reviewed the interim, individual and consolidated financial information of Cyrela Brazil Realty S.A. Empreendimentos e Participações ("Company”), contained in the Quarterly Information – ITR Form for the quarter ended September 30, 2020, which comprise the balance sheet as of September 30, 2020 and related statements of income, of comprehensive income for the three- and nine-month periods then ended, of changes in shareholders' equity and of cash flows for the nine-month period then ended, including the explanatory notes. Management is responsible for the preparation of the interim financial information in accordance with CPC 21(R1) and IAS 34 - Interim Financial Reporting, applicable to Real Estate Development entities in Brazil, registered with the Brazilian Securities and Exchange Commission (“CVM”), as well as for the presentation of this information in a manner consistent with the standards issued by the Brazilian Securities and Exchange Commission, applicable to the preparation of the Quarterly Information - ITR. Our responsibility is to express a conclusion on this interim financial information based on our review. KPMG Auditores Independentes, a Brazilian entity and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. 1 Scope of review We conducted our review in accordance with the Brazilian and international review standards for interim information (NBC TR 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity and ISRE 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively). A review of interim information consists in asking questions, chiefly to the persons in charge of financial and accounting affairs, and in applying analytical procedures and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Brazilian and International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Conclusion on the individual interim information Based on our review, we are not aware of any facts that would lead us to believe that the individual interim financial information included in the quarterly information referred to above was not prepared, in all material respects, in accordance with CPC 21 (R1) applicable to the preparation of Quarterly Information - ITR, and presented in a manner consistent with the standards issued by the Brazilian Securities and Exchange Commission (CVM) and applicable to the preparation of Quarterly Information (ITR) and presented consistently with standards issued by the Brazilian Securities and Exchange Commission (CVM). Conclusion on the consolidated interim information Based on our review, we are not aware of any facts that would lead us to believe that the consolidated interim financial information included in the quarterly information referred to above was not prepared, in all material respects, in accordance with CPC 21 (R1) and IAS 34, applicable to the preparation of Quarterly Information - ITR, and presented in a manner consistent with the standards issued by the Brazilian Securities and Exchange Commission (CVM) and applicable to the preparation of Quarterly Information (ITR) and presented consistently with standards issued by the Brazilian Securities and Exchange Commission (CVM). Emphasis As described in Note 2.2.1, the interim, individual and consolidated financial information contained in the Quarterly Information Form (ITR) was prepared in accordance with CPC 21 and IAS 34, applicable to Real Estate Development entities in Brazil registered with the CVM. Thus, the determination of the accounting policy adopted by the Entity for the recognition of revenue in contracts for the purchase and sale of unfinished estate units on the aspects related to the transfer of control follows the understanding of Company’s management on the application of CPC 47 - Revenue from Contract with Customer (IFRS 15), pursuant to that expressed by Brazilian Exchange and Securities Commission in CVM/SNC/SEP Circular Letter 02/2018. Our conclusion is not qualified in this respect. KPMG Auditores Independentes, a Brazilian entity and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. 2 Other issues - Statements of added value The aforementioned quarterly information includes the individual and consolidated statements of added value for the nine-month period ended September 30, 2020, prepared under responsibility of Company's Management, and presented as supplementary information for IAS 34 purposes applicable to Real Estate Development Entities in Brazil registered at Brazilian Securities and Exchange Commission (CVM). These statements have been subject to review procedures performed in conjunction with the review of the quarterly information, in order to determine whether they are reconciled with the interim financial information and book records, as applicable, and whether their form and content are in accordance with the criteria defined in Technical Pronouncement NBC TG 09 – Statement of Added Value. Based on our review, we are not aware of any facts that may lead us to believe that these statements have not been prepared, in all material respects, in accordance with the criteria set forth in this Technical Pronouncement and consistently with respect to the individual and consolidated interim financial information taken as a whole. São Paulo, November 9, 2020 KPMG Auditores Independentes CRC 2SP014428/O-6 Original report in Portuguese signed by Eduardo Tomazelli Remedi Accountant CRC 1SP259915/O-0 KPMG Auditores Independentes, a Brazilian entity and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. 3 ITR – Quarterly Information - 09/30/2020 - CYRELA BRAZIL REALTY S.A EMPREEND E PART Version: 1 Contents Identification Composition of capital stock 1 Individual Financial Statements Balance Sheets - Asset 2 Balance Sheet - Liabilities 4 Income Statement 6 Statement of Comprehensive Income 8 Statement of Cash Flows 9 Statement of Charges in Shareholder’s Equity DMPL - 01/01/2020 to 09/30/2020 11 DMPL - 01/01/2019 to 09/30/2019 12 Statement of Added Value 13 Consolidated Financial Statements Balance Sheets - Asset 14 Balance Sheet - Liabilities 16 Income Statement 18 Statement of Comprehensive Income 20 Statement of Cash Flows 21 Statement of Charges in Shareholder’s Equity DMPL - 01/01/2020 to 09/30/2020 23 DMPL - 01/01/2019 to 09/30/2019 24 Statements of Added Valued 25 Performance Commentary 29 Explanatory Notes 26 Other Information the Company Considers Significant 94 Report and Statements Declaration of Directors on the Financial Statements 96 Directors’ Statement on the independent Auditor’s Report 97 ITR – Quarterly Information - 09/30/2020 - CYRELA BRAZIL REALTY S.A EMPREEND E PART Version: 1 Identification / Composition of Capital Stock Number of Shares Current Quarterly (thousand) 09/30/2020 Paid in Capital Common Shares 399,743 Preferred 0 Total 399,743 In Treasure Common Share 15,239 Preferred 0 Total 15,239 PAGE: 1 of 97 ITR – Quarterly Information - 09/30/2020 - CYRELA BRAZIL REALTY S.A EMPREEND E PART Version: 1 Individual Financial Statements / Balance Sheets – Asset (In thousands of Reais) Account Account Description Current Quarter Prior Year Code 09/30/2020 12/31/2019 1 Total Assets 9,302,738 7,213,929 1.01 Current Assets 1,196,999 653,266 1.01.01 Cash and cash equivalents 27,161 5,828 1.01.01.01 Cash and cash equivalents 27,161 5,828 1.01.02 Short-term investments 1,048,182 537,382 1.01.02.01 Financial investments valued at fair value 881,660 537,382 1.01.02.01.03 Securities 881,660 537,382 Financial Investments Valued at fair Value Through Other 1.01.02.02 Comprehensive Income -406 0 1.01.02.03 Financial investments valued at amortized cost 166,928 0 1.01.03 Accounts Receivable 6,198 2,932 1.01.03.01 Trade accounts receivable 6,198 2,932 1.01.04 Inventories 65,861 97,206 1.01.04.01 Properties for sale 65,861 97,206 1.01.06 Recoverable taxes 7,669 0 1.01.06.01 Current taxes recoverable 7,669 0 1.01.06.01.01 Recoverable Taxes and Contributions 7,669 0 1.01.07 Prepaid expenses 4,931 7,597 1.01.07.01 Prepaid expenses 4,931 7,597 1.01.08 Others current assets 36,997 2,321 1.01.08.03 Others 36,997 2,321 1.01.08.03.01 Other accounts 3,639 2,321 1.01.08.03.02 Financial
Recommended publications
  • Integrated Report 2020

    Integrated Report 2020

    ABOUT THIS MATERIAL Contact channels Questions, suggestions or comments about this publication can be made on the Investor Relations website at (www.banco.bradesco/ri) or sent via email: [email protected] We can also be found on social networks: Facebook Instagram Linkedin YouTube Twitter ABOUT THIS MATERIAL Contents Message from the Chairman of the Board of Directors 6 Message from the CEO 8 2020 in Figures 10 Performance during Covid-19 16 About this Material 20 Materiality 22 Our DNA 24 Our Strategic Positioning 26 Business Model 30 Much more than a Bank 35 Sustainability at Bradesco 42 Solid and Transparent Governance 50 Integrity and Ethics 53 Risk Management 56 Generating Value 62 Results in a Challenging Year 64 Focus on the Client 76 Technology and Innovation 91 People: Our Team 102 Investing in the Future 122 Eco-efficiency 128 Investor Relations 131 BRADESCO Integrated Report | Shortened Version 2020 ABOUT THIS MATERIAL 4 Introduction It’s impossible to talk about a year like Despite the uncertainties in 2020, we 2020 without weighing the impacts also delivered strong results for the brought on by an unprecedented Organization, including a growth in our pandemic that modified the way we view quarterly net income throughout the our relationships with work, with people year, an expanded loan portfolio and and with the planet. a significant increase in the number of transactions through our digital This sudden collapse in all things we had channels – a situation that emphasizes considered normal paved the way for us the importance of providing the most to see the world in a different light.
  • Latin American Construction Companies' Woes May Not Be Over

    Latin American Construction Companies' Woes May Not Be Over

    EMERGING MARKETS RESTRUCTURING JOURNAL ISSUE NO. 3 — SPRING 2017 Latin American Construction Companies’ Woes May Not Be Over, Yet By BROCK EDGAR and DEVI RAJANI Can Latin American construction Many regional construction companies have experienced companies survive an expected plateau or will likely be going through restructurings. In Mexico, the three largest homebuilders went through restructurings in gross fixed capital formation in a region between 2014 and 2016 and one of Mexico’s largest engineering that so desperately needs infrastructure and construction companies, Empresas ICA, S.A.B. de C.V., investment? is currently being restructured. Similarly, in a process that has been ongoing since 2015, one of Brazil’s largest engineering and construction companies, OAS S.A. is also currently being In recent years, Latin American construction companies have restructured. Looking ahead, the fallout from Odebrecht’s faced deteriorating cash flows due to overexpansion at home admission of foreign bribery will likely affect its engineering or abroad, limited financing availability due to changing and construction business, as well as its consortium partners regulations and/or government investigations (i.e., “Lava throughout Latin America where projects are being cancelled, Jato” in Brazil, also known as the Car Wash Investigation), triggering sureties and bank guarantees. falling commodity prices (primarily oil) and cutbacks in government spending; all of which have led to over-levered Against this backdrop, the uncertainty with respect to
  • Securities and Exchange Commission Form 6-K

    Securities and Exchange Commission Form 6-K

    22/04/2019 siddf2018_6k.htm - Generated by SEC Publisher for SEC Filing 6-K 1 siddf2018_6k.htm FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of April, 2019 Commission File Number 1-14732 COMPANHIA SIDERÚRGICA NACIONAL (Exact name of registrant as specified in its charter) National Steel Company (Translation of Registrant's name into English) Av. Brigadeiro Faria Lima 3400, 20º andar São Paulo, SP, Brazil 04538-132 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F ___X___ Form 40-F _______ Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes _______ No ___X____ https://www.sec.gov/Archives/edgar/data/1049659/000129281419001386/siddf2018_6k.htm 1/144 22/04/2019 siddf2018_6k.htm - Generated by SEC Publisher for SEC Filing (CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) Annual Financial Statements – December 31, 2018 – CIA SIDERURGICA NACIONAL Version: 1 Table of Contents Company Information Capital Breakdown 1 Parent Company Financial Statements Balance Sheet – Assets 2 Balance Sheet – Liabilities 3 Statement of Income 4 Statement of Comprehensive Income 5 Statement
  • UNITED STATES DISTRICT COURT SOUTHERN DISTRICT of NEW YORK in RE BANCO BRADESCO S.A. SECURITIES LITIGATION Civil Case No. 1:16

    UNITED STATES DISTRICT COURT SOUTHERN DISTRICT of NEW YORK in RE BANCO BRADESCO S.A. SECURITIES LITIGATION Civil Case No. 1:16

    Case 1:16-cv-04155-GHW Document 45 Filed 10/21/16 Page 1 of 92 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK IN RE BANCO BRADESCO S.A. Civil Case No. 1:16-cv-04155 (GHW) SECURITIES LITIGATION AMENDED CLASS ACTION COMPLAINT JURY TRIAL DEMANDED Case 1:16-cv-04155-GHW Document 45 Filed 10/21/16 Page 2 of 92 TABLE OF CONTENTS Page I. INTRODUCTION ...............................................................................................................2 II. JURISDICTION AND VENUE ..........................................................................................9 III. PARTIES ...........................................................................................................................10 A. Lead Plaintiff .........................................................................................................10 B. Defendants .............................................................................................................10 1. Banco Bradesco S.A. ................................................................................ 10 2. The Individual Defendants ........................................................................ 12 C. Relevant Non-Parties .............................................................................................13 IV. BACKGROUND ...............................................................................................................16 A. Bradesco Accesses the U.S. Capital Markets ........................................................16 B. Operation
  • BLACKROCK LATIN AMERICA FUND, INC. Form NPORT-P Filed 2021-03-31

    BLACKROCK LATIN AMERICA FUND, INC. Form NPORT-P Filed 2021-03-31

    SECURITIES AND EXCHANGE COMMISSION FORM NPORT-P Filing Date: 2021-03-31 | Period of Report: 2021-01-31 SEC Accession No. 0001752724-21-068746 (HTML Version on secdatabase.com) FILER BLACKROCK LATIN AMERICA FUND, INC. Mailing Address Business Address 100 BELLEVUE PARKWAY 100 BELLEVUE PARKWAY CIK:877151| IRS No.: 223122997 | State of Incorp.:MD | Fiscal Year End: 1130 WILMINGTON DE 19809 WILMINGTON DE 19809 Type: NPORT-P | Act: 40 | File No.: 811-06349 | Film No.: 21791675 800-441-7762 Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Schedule of Investments (unaudited) BlackRock Latin America Fund, Inc. (Percentages shown are based on Net Assets) January 31, 2021 Par Security Shares Value Security (000) Value Common Stocks Corporate Bonds Argentina 1.7% Brazil 0.0% Globant SA(a) 7,432 $1,426,944 Klabin SA, 2.50%, 06/15/22 BRL 7 $35,211 Brazil 60.5% Lupatech SA, 6.50%, 04/15/21(a)(d)(e) 2,128 Afya Ltd., Class A(a) 51,837 1,150,781 Total Corporate Bonds 0.0% B3 SA - Brasil Bolsa Balcao 388,880 4,250,288 (Cost: $1,124,525) 35,211 Banco Bradesco SA, ADR 1,028,713 4,670,357 Banco BTG Pactual SA 85,786 1,490,288 Shares BB Seguridade Participacoes SA 294,609 1,489,360 Preferred Securities Cia de Locacao das Americas 227,156 1,086,084 Cyrela Brazil Realty SA Empreendimentos e Preferred Stocks 2.1% Participacoes 283,229 1,326,746 Brazil 2.1% Fleury SA 213,936 1,026,786 Gol Linhas Aereas Inteligentes SA, Preference Itau Unibanco Holding SA, ADR 724,629 3,782,563 Shares(a) .
  • John Hancock Emerging Markets Fund

    John Hancock Emerging Markets Fund

    John Hancock Emerging Markets Fund Quarterly portfolio holdings 5/31/2021 Fund’s investments As of 5-31-21 (unaudited) Shares Value Common stocks 98.2% $200,999,813 (Cost $136,665,998) Australia 0.0% 68,087 MMG, Ltd. (A) 112,000 68,087 Belgium 0.0% 39,744 Titan Cement International SA (A) 1,861 39,744 Brazil 4.2% 8,517,702 AES Brasil Energia SA 14,898 40,592 Aliansce Sonae Shopping Centers SA 3,800 21,896 Alliar Medicos A Frente SA (A) 3,900 8,553 Alupar Investimento SA 7,050 36,713 Ambev SA, ADR 62,009 214,551 Arezzo Industria e Comercio SA 1,094 18,688 Atacadao SA 7,500 31,530 B2W Cia Digital (A) 1,700 19,535 B3 SA - Brasil Bolsa Balcao 90,234 302,644 Banco Bradesco SA 18,310 80,311 Banco BTG Pactual SA 3,588 84,638 Banco do Brasil SA 15,837 101,919 Banco Inter SA 3,300 14,088 Banco Santander Brasil SA 3,800 29,748 BB Seguridade Participacoes SA 8,229 36,932 BR Malls Participacoes SA (A) 28,804 62,453 BR Properties SA 8,524 15,489 BrasilAgro - Company Brasileira de Propriedades Agricolas 2,247 13,581 Braskem SA, ADR (A) 4,563 90,667 BRF SA (A) 18,790 92,838 Camil Alimentos SA 11,340 21,541 CCR SA 34,669 92,199 Centrais Eletricas Brasileiras SA 5,600 46,343 Cia Brasileira de Distribuicao 8,517 63,718 Cia de Locacao das Americas 18,348 93,294 Cia de Saneamento Basico do Estado de Sao Paulo 8,299 63,631 Cia de Saneamento de Minas Gerais-COPASA 4,505 14,816 Cia de Saneamento do Parana 3,000 2,337 Cia de Saneamento do Parana, Unit 8,545 33,283 Cia Energetica de Minas Gerais 8,594 27,209 Cia Hering 4,235 27,141 Cia Paranaense de Energia 3,200
  • Faculty & Research Working Paper

    Faculty & Research Working Paper

    Faculty & Research Working Paper Bi-Regional Private Sector Networks: Harnessing the Potential of the Private Sector in European Union and Latin America and Caribbean _______________ Lourdes CASANOVA 2006/61/ST BI-REGIONAL PRIVATE SECTOR NETWORKS 1 Harnessing the Potential of the Private Sector in European Union and Latin America and Caribbean By Lourdes Casanova* March 2006 * Lecturer in Comparative Management, Strategy Department, INSEAD, Boulevard de Constance, 77305 Fontainebleau Cedex, France, [email protected] A working paper in the INSEAD Working Paper Series is intended as a means whereby a faculty researcher's thoughts and findings may be communicated to interested readers. The paper should be considered preliminary in nature and may require revision. Printed at INSEAD, Fontainebleau, France. Kindly do not reproduce or circulate without permission. 1 The funding of the Inter American Development Bank is gratefully acknowledged. 1. Introduction There is a long history of successful private partnerships between members of the European Union and countries in the Latin American and Caribbean (LAC) regions. Starting from the colonial era, private firms have exploited the mutual commercial synergies of these two regions. These economic bonds were strengthened and facilitated by close cooperation on the social and political arenas. For example, many of the leaders of the independence movements in Latin America went to France to study the principles of the French revolution. There have also been significant migrations of populations in both directions over the last centuries. Latin American Napoleon Civic Code is more familiar to European firms than the British Common Law system followed in US and many parts of Asia.
  • DE000DE290C5 Axess Warrants Linked to the Shares of Shares Of

    DE000DE290C5 Axess Warrants Linked to the Shares of Shares Of

    NOTICE TO SECURITYHOLDERS by Deutsche Bank AG, acting through its London branch (the “Issuer” and “Calculation Agent”) under Deutsche Bank AG aXess Programme (the “Programme”) in relation to the issue of: ISIN Name of product DE000DE290C5 aXess Warrants linked to the Shares of Shares of Anhanguera Educacional Participacoes SA DE000DE290D3 aXess Warrants linked to the Shares of All America Latina Logistica DE000DE290E1 aXess Warrants linked to the Shares of Cia de Bebidas das Americas DE000DE290F8 aXess Warrants linked to the Shares of Amil Participacoes SA DE000DE290G6 aXess Warrants linked to the Shares of Banco do Brasil SA DE000DE290H4 aXess Warrants linked to the Shares of Shares of Banco Bradesco SA DE000DE290J0 aXess Warrants linked to the Shares of Shares of Brookfield Incorporacoes SA DE000DE290K8 aXess Warrants linked to the Shares of Shares of Bradespar SA DE000DE290L6 aXess Warrants linked to the Shares of Shares of BRF ‐ Brasil Foods SA DE000DE290M4 aXess Warrants linked to the Shares of Shares of Braskem SA DE000DE290N2 aXess Warrants linked to the Shares of Shares of BR Malls Participacoes SA DE000DE290P7 aXess Warrants linked to the Shares of Shares of Banco do Estado do Rio Grande do Sul S.A. DE000DE290Q5 aXess Warrants linked to the Shares of Shares of Brasil Telecom SA DE000DE290R3 aXess Warrants linked to the Shares of Shares of B2W Cia Global Do Varejo DE000DE290S1 aXess Warrants linked to the Shares of Shares of BM&FBovespa SA DE000DE290T9 aXess Warrants linked to the Shares of Shares of CCR SA DE000DE290U7 aXess
  • Universidade Federal Do Rio De Janeiro Análise Operacional-Financeira Das Maiores Empresas Por Valor De Mercado Do Setor Imobil

    Universidade Federal Do Rio De Janeiro Análise Operacional-Financeira Das Maiores Empresas Por Valor De Mercado Do Setor Imobil

    UNIVERSIDADE FEDERAL DO RIO DE JANEIRO ANÁLISE OPERACIONAL-FINANCEIRA DAS MAIORES EMPRESAS POR VALOR DE MERCADO DO SETOR IMOBILIÁRIO BRASILEIRO AO LONGO DA DÉCADA 2008-2018 NICOLAS SMECELATO MARCONDES CESAR 2019 ANÁLISE OPERACIONAL-FINANCEIRA DAS MAIORES EMPRESAS POR VALOR DE MERCADO DO SETOR IMOBILIÁRIO BRASILEIRO AO LONGO DA DÉCADA 2008-2018 NICOLAS SMECELATO MARCONDES CESAR Projeto de Graduação apresentado ao curso de Engenharia Civil da Escola Politécnica, Universidade Federal do Rio de Janeiro, como parte dos requisitos necessários à obtenção do título de Engenheiro. Orientador: Prof. Thereza Cristina Nogueira de Aquino, DSc RIO DE JANEIRO 2019 Resumo do Projeto de Graduação apresentado à Escola Politécnica/ UFRJ como parte dos requisitos necessários para a obtenção do grau de Engenheiro Civil. ANÁLISE OPERACIONAL-FINANCEIRA DAS MAIORES EMPRESAS POR VALOR DE MERCADO DO SETOR IMOBILIÁRIO BRASILEIRO AO LONGO DA DÉCADA 2008-2018 Nicolas Smecelato Marcondes Cesar Dezembro de 2019 Orientador: Thereza Cristina Nogueira de Aquino, DSc Após anos de amplo crescimento e fortes resultados entre 2008 e 2013, o setor imobiliário brasileiro se tornou um dos setores mais impactados pela subsequente recessão econômica. Atuando em diferentes nichos de mercado, as grandes construtoras utilizaram diferentes estratégias operacionais e financeiras para aprimorarem suas margens e se manterem competitivas. O presente trabalho visa expor e analisar o impacto das diferentes soluções estratégicas nos resultados operacionais e financeiros das grandes construtoras brasileiras, bem como na dinâmica competitiva de tais empresas ao longo da década 2008- 2018. Serão analisados, através de técnicas de contabilidade e gestão, os balanços operacionais-financeiros das grandes construtoras, bem como indicadores macroeconômicos e setoriais.
  • Introduction Brazilian Steel Town and Companhia Siderúrgica Nacional

    Introduction Brazilian Steel Town and Companhia Siderúrgica Nacional

    INTRODUCTION Brazilian Steel Town and Companhia Siderúrgica Nacional _ The first time I saw Companhia Siderúrgica Nacional (CSN) was at the end of a long bus journey from Rio de Janeiro. As the bus exited Rio de Janeiro’s north station, it cut through interminable rows of favelas with the burnt-down National Ethnographic Museum in the background. Then, it wound through the beautiful Guanabara Bay – filled with plastic trash, industrial waste and broken fisher- men’s boats – and continued along Presidente Dutra Road through semi-rural favelas and mega shopping centres – some of which functioned, while others were empty. Leaving behind Duque de Caixas, the bus crossed yet a different landscape, mixing smaller urban sprawls, bits of tropical forest and semi-derelict motels with exotic names such as Dallas, Samurai and Middle Age Castle or just the name of their owners like Tony, Cassio and Carlos. Climbing the winding roads of the Serra da Mantiqueira range, small mud houses, water silos and parabolic TV antennas were barely visible through the tropical vegetation of the valley, and its residents occa- sionally appeared by the road selling bananas, papayas or coconuts. Finally, as the bus descended the mountain, the monstrous body of the Usina Presidente Vargas (President Vargas Plant – UPV) sat in the Paraíba Valley like a giant animal. With its smoky whirlpools, coloured fumes and coils of vapour, the plant seemed like an organic extension of the surrounding forest. Plants, fruit trees, tropical flow- ers, iron ore, pipes, rusting machinery and bright pools of chemicals formed a half-organic, half-industrial landscape.
  • In Re Banco Bradesco S.A. Securities Litigation 16-CV-04155-Amended Class Action Complaint

    In Re Banco Bradesco S.A. Securities Litigation 16-CV-04155-Amended Class Action Complaint

    Case 1:16-cv-04155-GHW Document 45 Filed 10/21/16 Page 1 of 92 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK IN RE BANCO BRADESCO S.A. Civil Case No. 1:16-cv-04155 (GHW) SECURITIES LITIGATION AMENDED CLASS ACTION COMPLAINT JURY TRIAL DEMANDED Case 1:16-cv-04155-GHW Document 45 Filed 10/21/16 Page 2 of 92 TABLE OF CONTENTS Page I. INTRODUCTION ...............................................................................................................2 II. JURISDICTION AND VENUE ..........................................................................................9 III. PARTIES ...........................................................................................................................10 A. Lead Plaintiff .........................................................................................................10 B. Defendants .............................................................................................................10 1. Banco Bradesco S.A. ................................................................................ 10 2. The Individual Defendants ........................................................................ 12 C. Relevant Non-Parties .............................................................................................13 IV. BACKGROUND ...............................................................................................................16 A. Bradesco Accesses the U.S. Capital Markets ........................................................16 B. Operation
  • SECURITIES and EXCHANGE COMMISSION Washington, D.C

    SECURITIES and EXCHANGE COMMISSION Washington, D.C

    12/04/2019 sid20190409_6k.htm - Generated by SEC Publisher for SEC Filing 6-K 1 sid20190409_6k.htm FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of April, 2019 Commission File Number 1-14732 COMPANHIA SIDERÚRGICA NACIONAL (Exact name of registrant as specified in its charter) National Steel Company (Translation of Registrant's name into English) Av. Brigadeiro Faria Lima 3400, 20º andar São Paulo, SP, Brazil 04538-132 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F ___X___ Form 40-F _______ Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes _______ No ___X____ https://www.sec.gov/Archives/edgar/data/1049659/000129281419001224/sid20190409_6k.htm 1/13 12/04/2019 sid20190409_6k.htm - Generated by SEC Publisher for SEC Filing COMPANHIA SIDERÚRGICA NACIONAL Corporate Taxpayer (CNPJ/MF) No. 33.042.730/0001-04 State Registry No. 35300396090 Publicly-Held Company NOTICE TO SHAREHOLDERS Companhia Siderúrgica Nacional (“Company”) hereby informs its shareholders and the market in general that it recieved from its shareholder Geração Futuro LPAR Fundo de Investimento em Ações a request to include in the Company’s Remote Voting Form the following candidates for the Board of Directors and Fiscal Council, to be voted in separate elections at the General Shareholders’ Meeting to be held on April 26, 2019, at 9:00 a.m.: (i) Valmir Pedro Rossi, for the Board of Directors; and (ii) Patrícia Valente Stierli, as sitting member and Susana Hanna Stiphan Jabra, as alternate member, for the Fiscal Council.