14 00hs 24.09.09 Vania Borgerth Grand3
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Transcript of 14 00hs 24.09.09 Vania Borgerth Grand3
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Brazilian Development Bank
September, 2009
Venture Capital Division (ACE) and Financial Division / Accountancy Department (AF/DEPCO)
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BNDES PRODUCTS FOR SMEs :
BNDES Card (machinery and equipment)
BNDES Automatic (indirect operations up to R$ 10 million)
Specific lines and programs (by sector, cash flow, imports and exports, innovative capital line, technological innovation line etc.)
Capital Market – direct and indirect operations (CRIATEC Fund and Venture Capital Funds);
Technological Fund (FUNTEC);
FGE BNDES (facilitate the access to credit for SMEs)
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DISBURSEMENT PER SIZE (%)
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NUMBER OF OPERATIONS AND DISBURSEMENT PER SIZE (JAN. – JULY 09)
62.8
5.23.32.7
Micro and Small Medium
Individual Large
94,948
12,498
11,275
67,228
Micro and Small MediumIndividual Large
R$74.1 billion
Number of Operations
185,949
Disbursement
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SMEs DISBURSEMENT (JAN. – JUL/2009)
Obs. These charts do not include acquisition of assets.
R$ billion
1.1
4.0 1.2
0.4
4.6
North Northeast South-east
South Center-West
0.4
10.8
Direct Indirect
PER REGION PER OPERATION
TYPE
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SMEs DISBURSEMENT (JAN. – JULY 2009)
Obs. These charts do not include acquisition of assets.
R$ billion
2.1
1.3
2.6
5.3
Agrobusiness Industry
Infrastructure Trade and Service
3.3
5.2
2.7
Micro and Small Medium Individual
PER SECTOR PER SIZE
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GROWTH CHAIN
SeedCapital
CRIATEC
Private Equity
GovernanceFunds
Secondary Offers
Capital Market
Seed
VentureCapital
9 New Funds
New-bornEnterprises“Start-Ups”
InitiatingEnterprises
“Early Stage”
EmergentEnterprises
MaturedEnterprises
InitialPublicOffer
7 Companies57 Companies13 Funds
29 Companies8 Funds
The range of products seeks to offer proper resources to accelerate the enterprises’ growth cycle:
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INFORMATION FROM IBGE AND SEBRAE – SMEs
SMEs generate 60% of formal job vacancies in Brazil (Sebrae -
2002);
They are responsible for 25% of Brazilian GDP (Sebrae – 2002);
They represent 99.7% of the 5.2 million registered enterprises in
Brazil (IBGE – 2006) and more than 95% in the world (OECD –
2004);
They are responsible for 45% of formal job vacancies and 55% of
employed personnel;
SMEs also represent 60% of the salaries paid in Brazil.
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NUMBER OF ENTERPRISES IN BRAZIL
Numbers and percentages of enterprises according to size Source: IBGE (2006)
92.1%
0.9%
6.7%0.3%
Micro Small Medium Large
5,273,600
385,343
52,977
15,600
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ABOUT BRAZILIAN SMEs
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
90.0%
100.0%
Micro Small Medium Large
0-9 10-49 50-249 250-more
Enterprises Employees Registered Employees Salaries
Percentage distribution of: number of enterprises, total employees, registered employees and salaries according to the size of the enterprise - Brazil - 2006 Source: IBGE (2006)
* The ranges refer to total employees.
*
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PDP – FOUR MACRO-GOALS:
Increase Brazil’s investment rate to 21% of the GDP (17.6%
as of 2007);
Expand private investments in R&D to 0.65% of GDP (0.51%
as of 2005);
Expand Brazil’s role in global trade by achieving 1.25% of
total global exports (1.18% as of 2007); and
Increase the number of micro and small export enterprises
by 10% (11,792 as of 2006).
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HOW IMPORTANT IFRS ARE TO SMEs
ADOPTING IFRS LEADS TO THE STRENGTHENING OF CORPORATE GOVERNANCE PRACTICES WHICH ARE ESSENTIAL FOR THE SUSTAINABLE DEVELOPMENT OF THE ENTERPRISE.
• It eliminates repeated work for the accountancy department - Efficiency;
• It reduces the differences found in information provided by different departments - Transparency;
• It allows the comparability between financial statements - Universal Language;
• It increases the reliability of the enterprise - “Accountancy is the language of •business”; and
• It reduces mistakes – Puts an end to the coexistence of parallel rules.
DIRECT EFFECTS:
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HOW IMPORTANT IFRS ARE TO SMEs
This eliminates repeated work for the accountancy department - Efficiency; This reduces the differences found in information provided by different departments - Transparency;This allows the comparability between financial statements - Universal Language;This increases the reliability of the enterprise - “Accountancy is the language of business”; andThis reduces mistakes – Puts an end to the coexistence of parallel rules.
It facilitates global relationships for these enterprises through: • retrospective and prospective evaluation of its economic and financial situation by banks, clients and suppliers;
• evaluation of possible investors;
• foreign loans;
• imports and exports (globalization);
• establishment of strategic alliances.
CONSEQUENCES FOR SMEs:
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HOW IMPORTANT IFRS ARE TO SMEs
Make easier to the enterprise the: • retrospective and prospective evaluation of its economic and financial situation by banks, clients and suppliers; • evaluation of possible investors;• foreign loans;• imports and exports (globalization);• establishment of strategic alliances.
• It facilitates consolidation of the enterprises’ financial information and increases the effectiveness of public policies applied to SMEs; • It facilitates the capital flow between countries;• It reduces the cost of transactions;• It increases competitiveness;• It stimulates investments;• It simplifies the process to open capital (market liquidity);• It increases the speed at which companies grow;• It increases the generation of employment;• It reduces poverty in the country.
It eliminates repeated work for the accountancy department - Efficiency; It reduces the differences found in information provided by different departments - Transparency;It allows the comparability between balances sheets - Universal Language;It increases the reliability of the enterprise - “Accountancy is the language of business”; andIt reduces mistakes – Puts an end to the coexistence of parallel rules.
CONSEQUENCES FOR BRAZIL:
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WHY IFRS SHOULD BE MANDATORY FOR SMEs
• Adhering to international standards is not simple because it deals with beliefs.
• Benefits are not immediately achieved.
• Human beings are, by nature, resistant to change.
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THE BNDES’ WEBSITE - www.bndes.gov.br
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CALL CENTERS
Rio de Janeiro - (+55 21) 2172-8888
São Paulo - (+55 11) 3512-5100
Brasília - (+55 61) 3214-5600
Recife - (+55 81) 3464-5800
BNDES Card - RJ: (+55 21) 2172-6337 / Others: 0800 702 6337
Indirect Operations: (55 21) 2172-8800
Exports: (55 21) 2172-8566
Ombudsperson: (55 21) 2172-8777
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