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ULTRAPAR PARTICIPAÇÕES S.A. (Exact Name of Registrant As Specified in Its Charter)

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ULTRAPAR PARTICIPAÇÕES S.A. (Exact Name of Registrant As Specified in Its Charter) As filed with the Securities and Exchange Commission on May 29, 2002 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 20-F REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2001 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-14950 ULTRAPAR PARTICIPAÇÕES S.A. (Exact name of Registrant as specified in its charter) ULTRAPAR HOLDINGS INC. THE FEDERATIVE REPUBLIC OF BRAZIL (Translation of Registrant’s name into English) (Jurisdiction of incorporation or organization) Av. Brigadeiro Luiz Antonio, 1343, 9º Andar São Paulo, SP, Brazil 01317-910 (Telephone: 55-11-3177-6513) (Address and telephone number of principal executive offices) Securities registered or to be registered pursuant to Section 12(b) of the Act. Title of each class Name of each exchange on which registered Preferred Shares, without par value* New York Stock Exchange ______________ * Traded only in the form of American Depositary Shares (as evidenced by American Depositary Receipts) each representing 1,000 Preferred Shares which are registered under the Securities Act of 1933. Securities registered or to be registered pursuant to Section 12(g) of the Act: NONE Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: NONE The number of outstanding shares of each class of stock of Ultrapar Participações S.A. as of December 31, 2001. Common Shares 37,984,012,500 Preferred Shares 15,015,987,500 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No Indicate by check mark which financial statement item the registrant has elected to follow: Item 17 Item 18 X TABLE OF CONTENTS Page INTRODUCTION ........................................................................................................................................................ 1 FORWARD-LOOKING STATEMENTS .................................................................................................................... 2 PART I ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS...................................... 3 ITEM 2. OFFER STATISTICS AND EXPECTED TIME TABLE....................................................................... 3 ITEM 3. KEY INFORMATION............................................................................................................................. 3 A. Selected Financial Data................................................................................................................................. 3 B. Capitalization and Indebtedness.................................................................................................................... 7 C. Reasons for the Offer and Use of Proceeds................................................................................................... 7 D. Risk Factors .................................................................................................................................................. 8 ITEM 4. INFORMATION ON THE COMPANY ................................................................................................ 14 A. History and Development of the Company................................................................................................. 14 B. Business Overview...................................................................................................................................... 15 C. Organizational Structure ............................................................................................................................. 44 D. Property, Plants and Equipment.................................................................................................................. 44 ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS ......................................................... 49 A. Operating Results........................................................................................................................................ 49 B. Liquidity and Capital Resources ................................................................................................................. 55 C. Research and Development, Patents and Licenses, etc. .............................................................................. 58 D. Trend Information....................................................................................................................................... 58 ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES........................................................... 59 A. Directors and Senior Management.............................................................................................................. 59 B. Compensation ............................................................................................................................................. 61 C. Board Practices ........................................................................................................................................... 61 D. Employees................................................................................................................................................... 62 E. Share Ownership......................................................................................................................................... 63 ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS......................................... 63 A. Major Shareholders..................................................................................................................................... 63 B. Interests of Expert and Counsel .................................................................................................................. 65 ITEM 8. FINANCIAL INFORMATION .............................................................................................................. 65 A. Consolidated Statements and Other Financial Information.........................................................................65 B. Significant Changes .................................................................................................................................... 67 ITEM 9. THE OFFER AND LISTING ................................................................................................................. 67 A. Offer and Listing Details............................................................................................................................. 67 B. Plan of Distribution..................................................................................................................................... 68 C. Markets ....................................................................................................................................................... 68 D. Selling Shareholders ................................................................................................................................... 68 E. Dilution ....................................................................................................................................................... 68 F. Expenses of the Issue .................................................................................................................................. 68 ITEM 10. ADDITIONAL INFORMATION ........................................................................................................... 68 A. Share Capital............................................................................................................................................... 68 B. Memorandum and Articles of Association.................................................................................................. 68 C. Material Contracts....................................................................................................................................... 69 D. Exchange Controls ...................................................................................................................................... 69 E. Taxation ...................................................................................................................................................... 71 F. Dividends and Paying Agents ..................................................................................................................... 76 G. Statement by Experts .................................................................................................................................. 76 H. Documents on Display................................................................................................................................ 76 I. Subsidiary Information ............................................................................................................................... 77 ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK........................ 77 ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES........................................ 78 PART II ITEM 13. DEFAULTS, DIVIDEND ARREARAGES
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