Brazilian Development Bank September, 2009  Venture Capital Division (ACE) and  Financial Division / Accountancy Departmen...
BNDES PRODUCTS FOR SMEs  : BNDES Card (machinery and equipment) BNDES Automatic (indirect operations up to R$ 10 million) ...
DISBURSEMENT PER SIZE  (%)
NUMBER OF OPERATIONS AND  DISBURSEMENT PER SIZE (JAN. – JULY 09) R$74.1 billion 185,949 Number of Operations Disbursement
SMEs DISBURSEMENT (JAN. – JUL/2009) Obs. These charts do not include acquisition of assets.  R$ billion PER REGION PER OPE...
SMEs DISBURSEMENT (JAN. – JULY 2009) Obs. These charts do not include acquisition of assets.  R$ billion PER SECTOR PER SIZE
GROWTH CHAIN Seed Capital CRIATEC Governance Funds Secondary  Offers Capital  Market Seed New-born Enterprises “ Start-Ups...
INFORMATION FROM IBGE AND  SEBRAE – SMEs <ul><li>SMEs generate 60% of formal job vacancies in Brazil (Sebrae - 2002); </li...
NUMBER OF ENTERPRISES IN BRAZIL Numbers and percentages of enterprises according to size Source: IBGE (2006) 5,273,600 385...
ABOUT BRAZILIAN SMEs Percentage distribution of:  number of enterprises ,  total employees ,  registered employees  and  s...
PDP – FOUR MACRO-GOALS: <ul><li>Increase Brazil’s investment rate to 21% of the GDP (17.6% as of 2007); </li></ul><ul><li>...
HOW IMPORTANT IFRS ARE TO SMEs <ul><li>ADOPTING IFRS LEADS TO THE STRENGTHENING OF CORPORATE GOVERNANCE </li></ul><ul><li>...
HOW IMPORTANT IFRS ARE TO SMEs This eliminates repeated work for the accountancy department - Efficiency;  This reduces th...
HOW IMPORTANT IFRS ARE TO SMEs <ul><li>Make easier to the enterprise the:  </li></ul><ul><li>retrospective and prospective...
WHY IFRS SHOULD BE MANDATORY FOR SMEs <ul><li>Adhering to international standards is not simple because  </li></ul><ul><li...
THE BNDES’ WEBSITE - www.bndes.gov.br
CALL CENTERS Rio de Janeiro -  (+55 21) 2172-8888  São Paulo -   (+55   11) 3512-5100  Brasília -   (+55 61) 3214-5600 Rec...
 
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14 00hs 24.09.09 Vania Borgerth Grand3

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Apresentação proferida durante o 6º. Seminário Internacional do CPC no CReCER realizado no hotel Grand Hayatt em São Paulo no dia 25/09/2009.

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14 00hs 24.09.09 Vania Borgerth Grand3

  1. 1. Brazilian Development Bank September, 2009 Venture Capital Division (ACE) and Financial Division / Accountancy Department (AF/DEPCO)
  2. 2. 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)
  3. 3. DISBURSEMENT PER SIZE (%)
  4. 4. NUMBER OF OPERATIONS AND DISBURSEMENT PER SIZE (JAN. – JULY 09) R$74.1 billion 185,949 Number of Operations Disbursement
  5. 5. SMEs DISBURSEMENT (JAN. – JUL/2009) Obs. These charts do not include acquisition of assets. R$ billion PER REGION PER OPERATION TYPE
  6. 6. SMEs DISBURSEMENT (JAN. – JULY 2009) Obs. These charts do not include acquisition of assets. R$ billion PER SECTOR PER SIZE
  7. 7. GROWTH CHAIN Seed Capital CRIATEC Governance Funds Secondary Offers Capital Market Seed New-born Enterprises “ Start-Ups” Initiating Enterprises “ Early Stage” Emergent Enterprises Matured Enterprises Initial Public Offer 7 Companies 57 Companies 13 Funds 2 9 Companies 8 Funds The range of products seeks to offer proper resources to accelerate the enterprises’ growth cycle: Private Equity Venture Capital 9 New Funds
  8. 8. INFORMATION FROM IBGE AND SEBRAE – SMEs <ul><li>SMEs generate 60% of formal job vacancies in Brazil (Sebrae - 2002); </li></ul><ul><li>They are responsible for 25% of Brazilian GDP (Sebrae – 2002); </li></ul><ul><li>They represent 99.7% of the 5.2 million registered enterprises in Brazil (IBGE – 2006) and more than 95% in the world (OECD – 2004); </li></ul><ul><li>They are responsible for 45% of formal job vacancies and 55% of employed personnel; </li></ul><ul><li>SMEs also represent 60% of the salaries paid in Brazil. </li></ul>
  9. 9. NUMBER OF ENTERPRISES IN BRAZIL Numbers and percentages of enterprises according to size Source: IBGE (2006) 5,273,600 385,343 52,977 15,600
  10. 10. ABOUT BRAZILIAN SMEs 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 r anges refer to total employees. *
  11. 11. PDP – FOUR MACRO-GOALS: <ul><li>Increase Brazil’s investment rate to 21% of the GDP (17.6% as of 2007); </li></ul><ul><li>Expand private investments in R&D to 0.65% of GDP (0.51% as of 2005); </li></ul><ul><li>Expand Brazil’s role in global trade by achieving 1.25% of total global exports (1.18% as of 2007); and </li></ul><ul><li>Increase the number of micro and small export enterprises by 10% (11,792 as of 2006). </li></ul>
  12. 12. HOW IMPORTANT IFRS ARE TO SMEs <ul><li>ADOPTING IFRS LEADS TO THE STRENGTHENING OF CORPORATE GOVERNANCE </li></ul><ul><li>PRACTICES WHICH ARE ESSENTIAL FOR THE SUSTAINABLE DEVELOPMENT </li></ul><ul><li>OF THE ENTERPRISE. </li></ul><ul><li>It eliminates repeated work for the accountancy department - Efficiency ; </li></ul><ul><li>It reduces the differences found in information provided by different departments </li></ul><ul><li>- Transparency ; </li></ul><ul><li>It allows the comparability between financial statements - Universal Languag e; </li></ul><ul><li>It increases the reliability of the enterprise - “Accountancy is the language of </li></ul><ul><li>business” ; and </li></ul><ul><li>It reduces mistakes – Puts an end to the coexistence of parallel rules . </li></ul>DIRECT EFFECTS:
  13. 13. 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”; and This reduces mistakes – Puts an end to the coexistence of parallel rules. <ul><li>It facilitates global relationships for these enterprises through: </li></ul><ul><li>retrospective and prospective evaluation of its economic and </li></ul><ul><li>financial situation by banks, clients and suppliers; </li></ul><ul><li>evaluation of possible investors; </li></ul><ul><li>foreign loans; </li></ul><ul><li>imports and exports (globalization); </li></ul><ul><li>establishment of strategic alliances. </li></ul>CONSEQUENCES FOR SMEs:
  14. 14. HOW IMPORTANT IFRS ARE TO SMEs <ul><li>Make easier to the enterprise the: </li></ul><ul><li>retrospective and prospective evaluation of its economic and financial </li></ul><ul><li>situation by banks, clients and suppliers; </li></ul><ul><li>evaluation of possible investors; </li></ul><ul><li>foreign loans; </li></ul><ul><li>imports and exports (globalization); </li></ul><ul><li>establishment of strategic alliances. </li></ul><ul><li>It facilitates consolidation of the enterprises’ </li></ul><ul><li>financial information and increases the effectiveness of </li></ul><ul><li>public policies applied to SMEs; </li></ul><ul><li>It facilitates the capital flow between countries; </li></ul><ul><li>It reduces the cost of transactions; </li></ul><ul><li>It increases competitiveness; </li></ul><ul><li>It stimulates investments; </li></ul><ul><li>It simplifies the process to open capital (market liquidity); </li></ul><ul><li>It increases the speed at which companies grow; </li></ul><ul><li>It increases the generation of employment; </li></ul><ul><li>It reduces poverty in the country. </li></ul>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”; and It reduces mistakes – Puts an end to the coexistence of parallel rules. CONSEQUENCES FOR BRAZIL:
  15. 15. WHY IFRS SHOULD BE MANDATORY FOR SMEs <ul><li>Adhering to international standards is not simple because </li></ul><ul><li>it deals with beliefs. </li></ul><ul><li>Benefits are not immediately achieved. </li></ul><ul><li>Human beings are, by nature, resistant to change. </li></ul>
  16. 16. THE BNDES’ WEBSITE - www.bndes.gov.br
  17. 17. 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 [email_address] Ombudsperson: (55 21) 2172-8777 [email_address]

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