D]FFGAG\ LJ M]AS@B S@S\FOAS LF @GHJ]OAÄÃJ B\LA Jhfrfcfglj 1=,6% lf part`c`paäãj sjc`ftár`a Ga hjroa lf 3=5 Gjtas Cjgvfrsïvf`s fo Aäöfs gj vabjr u g`tár`j lf ]$ 6.555 cala
Fo trjca lf ]$ 1.855.555 fo `gvfst`ofgtj
DFS\ÃJ LF FGF]D@A @G\FB@DFG\F
DrffgAgt DrffgA gt - Dfstã Dfstãj j lf fgfrd`a `gtfb`dfgtf `gtfb`dfgtf
Ofl`ljr @gtfb`dfgtf
Urjcfssaofgtj fo guvfo
Ubatahjroa lf dfstãj fgfrdàt`ca
Ofl`ljr @gtfb`dfgtf
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J ofl`ljr à `gstabalj gj qualrj lf l`skugtjrfs lf hjroa s`opbfs f gãj `gtrus`va Laljs lf cjgsuoj sãj fgv`aljs para prjcfssaofgtj fo guvfo pjr of`j lf cjgfxãj T`-H` A DrffgAgt DrffgAgt pjssu pjssu`` fqu`pf cfrt`h`cala para rfab`zar `gstabaäöfs f trf`gaofgtjs L`ofgsöfs; 1= x 11 x 3,4 co A `gstabaäãj lj s`stfoa lf ofl`äãj gãj rfqufr jmra ju abtfraäãj ga rflf fbàtr`ca
Ubatahjroa jgb`gf lf dfstãj fgfrdàt`ca
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A pbatahjroa jgb`gf la DrffgAgt hjrgfcf `ghjroaäãj fo tfopj rfab f pjssu` uoa var`flalf lf hfrraofgtas lf dfstãj Ufro`tf aj cjgsuo`ljr fgtfglfr f alfquar suas rjt`gas lf usj lf fgfrd`a ajs sfus cjgtratjs lf fgfrd`a f v`cf-vfrsa \raluz draglfzas amstratas, cjoj lfoagla at`va, rfat`va f hatjr lf pjtëgc`a fo `oadfgs quf rfprfsfgtao palröfs lf usj lf fgfrd`a f aux`b`ao ga `lfgt`h`caäãj `ofl`ata lf agjoab`as quf prjvjcao oubtas f lfspfrlïc`js Ujssu` AU@ amfrta para `gtfdra `gtfdraäãj äãj cjo jutrjs s`stf s`stfoas oas lf dfstãj dfstãj f autjoaäã autjoaäãjj
Urat`quf a dfstãj fgfrdàt`ca cjo a DrffgAgt As sjbu sjbuäöf äöfss la Drff DrffgAg gAgtt sãj apb apb`cá `cávf` vf`ss fo tjl tjlas as as ftapa ftapass lf prjk prjkftj ftjss lf fh`c fh`c`ëg `ëgc`a c`a fgf fgfrdà rdàt`c t`caa 1 - OFL OFL@] @] Cjoprffgla pfrh`s lf cjgsuoj f lfh`ga ofbnjr`as ut`b`zaglj hfrraofgtas lf agáb`sf fo tfopj rfab
< - XAB XAB@LA @LA] ] Xab`lf rfsubtaljs f fstamfbfäa gjvjs lfsah`js lf ofbnjr`a lj usj lf fgfrd`a
Ofl`r
= - UBAG UBAGFKA] FKA] Cjgstrua uo pbagj lf `gtfrvfgäöfs atravàs lf uoa v`sãj `gtfdrala lf tjlas as suas ug`lalfs cjgsuo`ljras
3 - XF]@ XF]@H@CA H@CA] ] Ojg`tjrf pfr`jl`caofgtf js rfsubtaljs fo tjljs js gïvf`s f akustf suas oftas fgfrdàt`cas
Ubatahjroa jgb`gf lf dfstãj fgfrdàt`ca
FH@C@ËGC@A FGF]DÀ\@CA Lfscumra cjoj rfluz`r sfu cjgsuoj lf fgfrd`a fbàtr`ca, fb`o`gar lfspfrlïc`js f avab`f j rftjrgj lf `gvfst`ofgtjs fo aäöfs lf fh`c`ëgc`a fgfrdàt`ca
UJLF] UA]A J CJGSVO@LJ] Akustf sfus cjgtratjs lf fgfrd`a f ofbnjrf sua rjt`ga lf usj lf fgfrd`a fbàtr`ca masfaglj-sf fo `ghjroaäöfs agtfs lfscjgnfc`las
Ubatahjroa jgb`gf lf dfstãj fgfrdàt`ca
DFS\ÃJ F CJG\]JBF Haäa ofbnjr pbagfkaofgtj lf lfspfsas cjo fgfrd`a f fv`tf surprfsas gj h`gab lj oës. Jmtfgna mabagäjs autjoát`cjs pjr f-oa`b f ut`b`zf laljs lf cjgsuoj fo suas pbag`bnas
LALJS FO \FOUJ ]FAB \jof lfc`söfs jpfrac`jga`s cjo ojg`tjraofgtj fo tfopj rfab f cr`f abfrtas lf cjgsuoj f lfoagla atïp`cjs para rfab`zar cjrrfäöfs `ofl`atas.
Ubatahjroa jgb`gf lf dfstãj fgfrdàt`ca
]FLVÄÃJ LF ]@SCJS Quagtj oa`s fgfrd`a cjgsuo`la, oa`jr j r`scj lf quf j prfäj ju a habta lf jhfrta pjssao ahftar a sua jpfraäãj, `opactaglj l`rftaofgtf ga sua rfgtam`b`lalf
Lftfctf `gfh`c`ëgc`as, pfrlas lf fgfrd`a f pjgtjs lf cjgsuoj oa`s fbfvaljs Daragta quf a rjt`ga lf usj lf suas oáqu`gas fstfka lf acjrlj cjo oftas jpfrac`jga`s f njrár`js fo quf a fgfrd`a à oa`s marata
Ubatahjroa jgb`gf lf dfstãj fgfrdàt`ca
S@OVBAÄÃJ LF OJLFBJS \A]@HÁ]@JS S`oubf sua cjgta lf buz cjo masf fo l`hfrfgtfs cjgtratjs lf fgfrd`a
AXAB@F SFVS U]JKF\JS Avab`f j rftjrgj lf `gvfst`ofgtjs fo sumst`tu`äãj lf aparfbnjs f aäöfs lf fh`c`ëgc`a fgfrdàt`ca. Lfsfgvjbva uo pbagj dbjmab lf jt`o`zaäãj lj usj la fgfrd`a cjo masf fo laljs
Ubatahjroa jgb`gf lf dfstãj fgfrdàt`ca
ABF]\AS UJ] F-OA@B F SOS Ufrsjgab`zf abfrtas autjoát`cjs para sfr av`salj sfoprf quf j usj lf fgfrd`a sa` lj palrãj fstamfbfc`lj para lftfro`galjs njrár`js
SVS\FG\AM@B@LALF Cubt`vf prát`cas lf cjgsuoj cjgsc`fgtf lf fgfrd`a, rfluza as fo`ssöfs lf carmjgj f tjrgf sfu gfdóc`j oa`s sustfgtávfb
J OF]CALJ
Cjgsuoj lf Fgfrd`a gj Mras`b
+ 655%
+ ]$ =55 m` Cjgsuoj aguab lf fgfrd`a fbàtr`ca gj Mras`b
Cjgsuoj lf fgfrd`a fbàtr`ca pfr cap`ta gj Mras`b (iTn)
J Mras`b lfspfrl`äju oa`s lf
]$ 85 m`bnöfs fo fgfrd`a gjs ûbt`ojs trës agjs
HJG\FS; TJ]BL MAGI9 FS\ALÃJ FS\ALÃJ,, FS\@OA\@XAS D]FFGAG\
Fgfrd`a gj Mras`b fstá fgtrf as oa`s caras lj ouglj
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=x 3x
Fo =518 j Mras`b passju la 11ª para a 8ª pjs`äãj gj ragi`gd lf fgfrd`a fbàtr`ca oa`s cara lj ouglj. J custj la fgfrd`a gj Mras`b à lf ]$ <5=,=8 pjr OTn, vabjr 3x oa`jr lj quf gjs FVA f =x oa`jr lj quf ga Cn`ga
A habta lf `ghjroaäãj prjvjca `gfh`c`ëgc`as
Abào ljs abtjs custjs, j cjgsuo`ljr samf pjucjs lftabnfs sjmrf a hjroa quf a fgfrd`a à ut`b`zala .
! Cjgsuoj Fxcfss`vj
Fssa habta lf `ghjroaäãj prjvjca `gfh`c`ëgc`as f lfspfrlïc`js cjoj; •
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Oubtas gj cjgtratj cjo sfu l`str`mu`ljr lf fgfrd`a fbàtr`ca L`h`cublalfs gj ratf`j la cjgta lf fgfrd`a fgtrf l`hfrfgtfs sftjrfs ju sumug`lalfs
Cjgtratjs lf fgfrd`a oab l`ofgs`jgaljs Dastjs lfscjgnfc`ljs lf fgfrd`a
! Cjgsuoj Lfsgfcfssár`j
Quagtj custa a fgfrd`a quf vjcë fstá usaglj adjra:
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Uara draglfs cjgsuo`ljrfs lf fgfrd`a, cjoj snjpp`gds f supfrofrc supfrofrcaljs, aljs, a cjgta lf buz à ou`tas vfzfs a sua sfdugla oa`jr lfspfsa , bjdj após rfcursjs nuoagjs Suas cjgtas lf fgfrd`a pjlfo abcagäar ha`xas supfr`jrfs a ]$1.555.555,55 aj oës1 A`gla ass`o, dfstjrfs gãj pjssufo as `ghjroaäöfs gfcfssár`as gfcfssár`as para fgtfglfr ju cjgtrjbar fssas lfspfsas Aj h`gab lf cala oës, cjgtas lf fgfrd`a cnfdao cjo vabjrfs quf pjlfo sfr rfluz`ljs fo cfrca lf =5%=. HJG\F; 1 FS\@OA\@XAS D]FFGAG\9 = CA]MJG \]VS\
J cjgsuoj oab pbagfkalj à a`gla oa`s carj Cjgsuoj aguab (OTn)
Fgfrd`a Vt`b`zala
Lfoagla l`ár`a (iT)
F gf gf rd rd `a `a Cj Cj gt gt ra ra ta ta la la
V btbt ra ra pa pa ss ss ad ad fo fo lf lf c jg jg trtr at at j
A cjopra lf fgfrd`a ac`oa lj b`o`tf cjgtratalj fstá sukf`ta a prfäjs fbfvaljs gj ofrcalj spjt
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Vbtrapassadfgs lf lfoagla cjgtratala prjvjcao oubtas ga cjgta lf buz
Draglfs cjgsuo`ljrfs lf fgfrd`a pjssufo cjgtratjs cjopbfxjs cjo cjofrc`ab`zaljras f l`str`mu`ljras. Gfssfs cjgtratjs sãj fstamfbfc`ljs b`o`tfs lf Fgfrd`a Cjgsuo`la f Lfoagla A `gcapac`lalf lf pbagfkar j usj lf fgfrd`a cjo prfc`sãj f a habta lf ojg`tjraofgtj auofgtao custjs tjta`s f js tjrgao `oprfv`sïvf`s
Oulagäas gj Sftjr Fbàtr`cj J sftjr fbàtr`cj passará pjr oulagäas prjhuglas a curtj f oàl`j prazj . www.jpftrjbfj.cjo.mr/fgfrd`a-sjbar-gj-mras`b/
www.dazftaljpjvj.cjo.mr/pjb`t`ca/rfpumb`ca/cjgsuo`ljr-rfs`lfgc`ab-tfrab`mfrlalf-para-fscjbnfr-lf-qufo-cjoprar-fgfrd`acj
www1.hjbna.ujb.cjo.mr/ofrcalj/=514/54/1>0>>=4-djvfrgj-prjpjf-var`acaj-lj-prfcj-lafgfrd`a-lf-acjrlj-cjo-j-njrar`j.sntob
www.amracffb.cjo.mr/zpumb`snfr/oatfr`as/cb`pp`gdZtxtg.asp:`l?==<><
A rfbaäãj lj cjgsuo`ljr cjo a fgfrd`a fbàtr`ca sjhrfrá abtfraäöfs pjr cjgta las gjvas hjroas lf tar`haäãj f pjr razöfs v`gcubalas tagtj aj papfb lf o`crjdfraljr (ut`b`zaäãj lf pa`gà`s hjtjvjbta`cjs), quagtj aj papfb lf dfstjr fgfrdàt`cj, quf pjlfrá muscar as ofbnjrfs cjgl`äöfs lf hjrgfc`ofgtj lf fgfrd`a f pjlfrá alfquar sfu palrãj lf usj lf fgfrd`a para ofbnjr atfglë-bas.
Ofrcalj lf Fgfrdy Oagadfofgt Systfos (FOS)
VS$ <,5 m`bnöfs =6% aj agj VS$ 0,6 m`bnöfs FOS; Fgfrdy Oagadfofgt Systfo (S`stfoa lf Dfrfgc`aofgtj lf Fgfrd`a) CAD]; \axa lf Crfsc`ofgtj Aguab Cjopjstj VSL M]B; 3,<8
]fcf`ta =51> \axa lf crfsc`ofgtj (CAD] =51> – =5==) ]fcf`ta =5==
]$ 04 o`bnöfs 65% aj agj ]$ <06 o`bnöfs HJG\FS; ; S\A\@S\A9 S\A\@S\A
Casjs lf sucfssj lf startups gj sftjr fgfrdàt`cj Aqu`s`äöfs
Captaäãj \jtab
VS$ 1<1.3O
VS$ <4.1O VS$ 355O
VS$ 3
VS$ 155O
VS$ 85O
VS$ 1=.8O
VS$>1O VS$ =.8O
VS$ =.4O
VS$ 35O
HJG\FS; C]VGCNMASF C]VGCNMASF99 JAIB@GS
Mfgcnoari `gtfrgac`jgab
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J AbfrtOf à uo s`stfoa s`stfoa `gtfb`dfgtf `gtfb`dfgtf lf ojg`tjraofgtj lf cjgsuoj fgfrdàt`cj rfs`lfgc`ab quf pfro`tf quf js usuár`js cjgtrjbfo fbftrjljoàst`cjs fbftrjljoàst`cjs f l`spjs`t`vjs Huglala fo =558 A AbfrtOf hj` alqu`r`la pfba M]@\@SN DAS pjr fo =516, quaglj sfus ofl`ljrfs fstavao sfglj ut`b`zaljs fo =55.555 rfs`lëgc`as Gj rjugl lf `gvfst`ofgtj agtfr`jr å cjopra, AbfrtOf hj` avab`ala fo cfrca cfrca lf
HJG\F; C]VGCNMASF C]VGCNMASF,, \FCNC]VGCN
A FOU]FSA F J OJLFBJ LF GFDÓC@JS
\raäãj – Cb`fgtfs f Ofl`ljrfs
ass`gaturas lf ofl`ljrfs
cb`fgtfs cjrpjrat`vjs
\raäãj – ]fcf`ta Mruta
fo ]fcf`ta Mruta fo =514
]fcf`ta Mruta tjtab cuoubat`va
\raäãj – Bucrj Bïqu`lj
at`gd`lj fo kagf`rj lf =514
at`gd`lj fo oa`j lf =514
Qufo ká usa DrffgAgt: A DrffgAgt `g`c`ju suas jpfraäöfs cjofrc`a`s ná cfrca lf 1> ofsfs f vfo lfsfgvjbvfglj draglfs casfs fo l`vfrsjs sfdofgtjs lf ofrcalj
Xagtadfo cjopft`t`va
@gstabaäãj S`opbfs
Apb`caäãj fo Cjgsuo`ljrfs ]fs`lfgc`a`s
Apb`caäãj fo Draglfs Cjgsuo`ljrfs
Apb`caäãj fo O`crj Dfraäãj
@gtfb`dëgc`a lf Laljs
Abfrtas Ufrsjgab`zaljs
Fst`oat`v Fst`oa t`vaa lf \ar \ar`ha `ha lf acjrlj cjo gjroas mras`bf`ras
Fqu`pf UFL]J M@\\FGCJV]\ Hjuglfrr | L`rftjr Fxfcut`vj Hjuglf Fxfcut`vj
]AUNAFB DV@OA]ÃFS Cj-Hjuglfr | L`rftjr H`gagcf`rj
Fgdfgnf`rj lf Cjgtrjbf f Autjoaäãj, Ofstrf fo Fgdfgnar`a Ofcíg`ca f Ljutjraglj fo Urjcfssaofgtj lf S`ga`s f `gtfb`dëgc`a Cjoputac`jgab cjo fxpfr`ëgc`a fo lfsfgvjbv`ofgtj lf tfcgjbjd`a, `gcbu`glj s`stfoas `gtfb`dfgtfs para l`str`mu`äãj fbàtr`ca cjo hjcj fo rfluäãj lf pfrlas gãj-tàcg`cas f prjkftjs lf pfsqu`sa fo s`stfoas fomarcaljs para j sftjr lf Óbfj f Dás.
Fgdfgnf`rj Ofcíg`cj, Ljutjr fo Ubagfkaofgtj Fgfrdàt`cj pfba CJUUF - VH]K. Ujssu` fxpfr`ëgc`a fo cjgsubtjr`a f prjkftjs prjkftjs lf U&L para j sftjr fbàtr`cj. \ramabnju cjoj cjgsubtjr ga árfa lf fgfrd`a f fo`ssöfs lf dasfs lf fhf`tj fstuha para a JGV f adëgc`as djvfrgaofgta`s cjoj j O`g`stàr`j la C`ëgc`a, \fcgjbjd`a f @gjvaäãj, O`g`stàr`j la Hazfgla, O`g`stàr`j lf O`gas f Fgfrd`a f @gst`tutj Gac`jgab lf \fcgjbjd`a.
\N@ADJ NJB[OF@S\F] Cj-Hjuglfr | L`rftjr L`rftjr lf Urjlutj Lfs`dgfr `glustr`ab cjo ëghasf fo lfs`dg lf prjlutj. Cjo atuaäãj fo fscr`tór`js f adëgc`as rfgjoaljs, hazfglj partf lf fqu`pfs lf cr`aäãj f lfsfgvjbv`ofgtj lf prjkftjs prfo`aljs `gtfrgac`jgabofgtf lf mfgs lf cjgsuoj, fomabadfgs f mragl`gd.
XADGF] GASC@OFG\J Cj-Hjuglfr | L`rftjr lf \fcgjbjd`a \fcgjbjd`a Dralualj fo S`stfoas lf @ghjroaäãj, Ofstrf fo @ghjroát`ca ga árfa lf Tfm Sfoígt`ca f Apb`caäöfs N`pfroïl`a. Atuju cjoj cjjrlfgaljr lf prjkftjs lf pfsqu`sa ga UVC-]`j, cjo oa`s lf 15 agjs lf fxpfr`ëgc`a fo prjkftj f lfsfgvjbv`ofgtj lf tfcgjbjd`as para `gtfrgft.
CA@J OFNBFO Cj-Hjuglfr | L`rftjr lf S`stfoas Fomarcaljs Fomarcaljs Fgdfgnf`rj lf Cjgtrjbf f Autjoaäãj pfba UVC-]`j, Ofstrf fo Autjoaäãj Fbftrüg`ca f S`stfoas Fomarcaljs pfbj @GSA \jubjusf. Atuju cjoj cjjrlfgaljr lj bamjratór`j lf prjtjt`padfo fbftrüg`ca la UVC-]`j. Barda fxpfr`ëgc`a fo prjkftj lf narlwarf f sjhtwarf f `opbagtaäãj lf s`stfoas lf ojg`tjraofgtj rfojtj.
Fqu`pf LJVDBAS ]FNFO
]AHAFB ]JCNA
Lfsfgvjbvfljr Hubbstaci | Uós-dralualj fo Fgdfgnar`a Fgdfgnar`a lf Sjhtwarf
Jpfraäöfs | Fgdfgnf`rj Ofcíg`cj
FLVA]LJ OJ]DAG
G@CJBBAS ]FSFGLF Cjofrc`ab | Fgdfgnf`rj lf Urjluäãj
C`fgt`sta lf Laljs | Ofstraglj fo Jt`o`zaäãj f ]ac`jcïg`j Autjoát`cj
]JL]@DJ SFCCN@G ]fprfsfgtagtf lf Xfglas | Ofstrf fo Fgdfgnar`a Fbàtr`ca
]JL]@DJ H]VC\VJSJ S`stfoas Fomarcaljs | Ofstraglj fo Fgdfgnf`ra Fbftrüg`ca f lf Cjoputaäãj
UFL]J MAGLF@]A C`fgt`sta lf Laljs | Ofs traglj fo @gtfb`dëgc`a Cjoputac`jgab
JHF]\A UÛMB@CA LF XABJ]FS OJM@B@Á]@JS ]FAB@[ALA UJ] D]FFGAG\ LJ M]AS@B S@S\FOAS LF @GHJ]OACAJ B\LA (@GS\]VÄÃJ CXO 6>>/=514)
=0
N`stór`a
Kub =513
Kag =516
Ur`of`rjs Urjtót`pjs lj S`stfoa
Cjgst`tu`äãj la B\LA
Kubb =5 Ku =516 16 Fgd`f @ggjv @ggjvat`jg at`jg Lay
Kag =518
Adj Ad j =5 =518 18
@gvfst`ofgtj Agkj (]$ 455 o`b)
Fgfb – Urjkftj lf Fh`c`ëgc`a Fgfrdàt`ca (UFF)
Lfz =51<
Kug =516
Lfz =516
Caopagna lf Crjwlhugl`gd trazfglj 1=5 Mfta-tfstfrs
Cjgtratj para hamr`caäãj lf bjtf p`bjtj cjo Huglaäãj Cfrt`
L`str`mu`äãj ljs ofl`ljrfs mfta
Urà-prjkftj
Lfsfgvjbv`ofgtj
Jpfraäãj Cjofrc`ab
Hfvv =5 Hf =518 18 Urëo`j FLU @gjvaäãj
Kag =514 Urjkftj lf U&L cjo Drupj Fgfrd`sa
Jut =514
=51>
Urjdraoa lf Acfbfraäãj la Artfo`s`a
]jlala lf `gvfst`ofgtj FqSffl
Lfz =518
Adjj =5 Ad =514 14
Oar =51>
Ur`of`rj Cjgtratj la Sjbuäãj Cjrpjrat`vj
Cjgtratj cjo ]flf lf Snjpp`gds
Ofgäãj Njgrjsa gj G@BO=51>, Aust`g, \fxas
Ur`gcïp`js, fstïoubjs f l`hfrfgc`a`s Ur`gcïp`js -
Ofl`äãj lf fgfrd`a lf hjroa fscabávfb, s`opbfs f gãj `gtrus`va
-
Ojlfbjs lf gfdóc`j vjbtaljs para fscaba
-
Fvjbuäãj tfcgjbód`ca para pbatahjroa lf
Fstïoubjs -
Crfsc`ofgtj la cjopbfx`lalf lj cfgár`j lf fgfrd`a fbàtr`ca para cjgsuo`ljrfs h`ga`s (ofrcalj b`vrf, DL ftc)
-
Xjbat`b`lalf tar`hár`a
-
@opbagtaäãj lf prjkftjs lf Fh`c`ëgc`a Fgfrdàt`ca f Jpfrac`jgab
Jhfrta
‒Dfstãj lf ]fcursjs L`str`muïljs‟ f ‒Dfstãj pfbj Balj la Lfoagla‟
L`hfrfgc`a`s -
Oacn`gf Bfarg`gd apb`calj apb`calj fo fo fgfrd`a fbàtr`ca (sfparaäãj lf cardas, prfv`sãj lf lfoagla, ftc)
-
Ojlfbjs fscabávf`s
-
@gtfdraäãj cjo s`stfoas lf dfraäãj (hjtjvjbta`cj, l`fsfb, UCN, fób`cj), atravàs la gjssa AU@
-
Sjbuäöfs ab`gnalas cjo tfglëgc`as lj sftjr
Xabjr Adrfdalj
Lfoagla
Ufrh`b Ufr h`b ljs cb`fg cb`fgtfs tfs •
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Snjpp`gds
Supfrofrcaljs
Cjgtas lf Fgfrd`a lf ]$855I a ]$1O
Cjgtas lf Fgfrd`a lf ]$35I a ]$1=5I
Cjofrc`ab`zaljra lf fgfrd`a
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Dfstãj lf Cjgtratjs lf Fgfrd`a lf cb`fgtfs gj Ofrcalj B`vrf •
•
]flfs lf varfkj
]fs`lëgc`as
Cjgtas lf Fgfrd`a lf ]$35I a ]$>5I
Cjgtas lf Fgfrd`a lf ]$155 a ]$855
Njkf a DrffgA DrffgAgt gt tfo j hjcj fo foprfsas cjoj snjpp`gds, rflfs varfk`stas, supfrofrcaljs, lrjdar`as,, fgtrf jutrjs. lrjdar`as Js custjs cjo j s`stfoa la DrffgAgt DrffgAgt h`cao fo tjrgj lf 1% lj vabjr la cjgta lf buz lfssfs pfrh`s lf cjgsuo`ljrfs Vo cb`fgtf M=M tïp`cj gãj pjssu` uo dfstjr só para fgfrd`a.. Dfrabofgtf à uo dfstjr jpfrac`jgab quf fgfrd`a taomào à rfspjgsávfb pjr b`opfza, oagutfgäãj, ftc. Fssf à j t`pj lf lf usuár`j quf DrffgAgt prjcura atfglfr cjo suas sjbuäöfs Uara dfstjrfs lf rflfs, j s`stfoa DrffgAgt pjssu` a capac`lalf lf adrfdar tjlas as bjkas lf uo cb`fgtf fo uo lasnmjarl ûg`cj cjo v`suab`zaäöfs dfra`s f `ghjroaäöfs oa`s cjopbftas A DrffgAgt taomào atua gj sfdofgtj sfdofgtj M=C jhfrfcfglj suas sjbuäöfs para cb`fgtfs rfs`lfgc`a`s, pr`gc`pabofgtf js quf pjssufo dfraäãj hjtjvjbta`ca fo suas casas
Ojlfbj Ojl fbj lf gfdó gfdóc`js c`js Ubagjs lf Sfrv`äj
+ Jwgfrsn`p • • •
Aqu`s`äãj ljs ofl`ljrfs @gstabaäãj jpc`jgab Daragt`a lf hámr`ca ljs ofl`ljrfs Lf ]$ 1.=55 a ]$ <.=55 pjr pjgtj lf ofl`äãj
B`cfgä B`c fgäaa lf Acfss Acfssjj J acfssj aj Lasnmjarl Lasnmjarl la DrffgAgt DrffgAgt à daragt`lj ofl`agtf j padaofgtj lf ass`gatura ofgsab ju aguab
Hubb Sfrv`cf • • • •
Lf ]$ >5 a ]$ 165 pjr pjgtj lf ofl`äãj / oës
Ofl`ljrfs fo rfd`of lf cjojlatj @gstabaäãj jpc`jgab Daragt`a tjtab ljs ofl`ljrfs B`cfgäa lf Acfssj `gcbusa Lf ]$ 1>6 a ]$ <36 pjr pjgtj lf ofl`äãj / oës
DrffgA Drf fgAgt gt ga prát`ca prát`ca – Casf Snjpp`gd
1
J snjpp`gd pjssu` uoa cjgta lf buz lf cfrca lf
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J L`rftjr lf Jpfraäöfs acjopagna a rjt`ga jpfrac`jgab lj snjpp`gd atravàs lf 1< Ujgtjs lf Ofl`äöfs fspabnaljs pjr sumfstaäöfs f fqu`paofgtjs cfgtra`s.
=
A DrffgAgt prjpjr prjpjrc`jga; c`jga; Daragt`a lf quf js palröfs lf l f fh`c`ëgc`a fstamfbfc`ljs fstãj sfglj oagt`ljs l`ar`aofgtf Supfrv`sãj la fxfcuäãj lf oagjmras cjoj a fgtrala lf dfraljrfs luragtf njrár`js lf p`cj Lftabnaofgtj lf laljs lf lfoagla f cjgsuoj quf sãj ut`b`zaljs fo cjgtratjs oa`s vagtakjsjs gj ofrcalj b`vrf lf fgfrd`a ]fabjcaäãj las njras lf tramabnj lf hugc`jgár`js quf fstavao fgcarrfdaljs lf vfr`h`car ofl`äöfs bjcabofgtf tjljs js l`as
Ualrãj Ofgsab lf Njrár`js lf Vsj lj Cn`bbfr
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Cjgs`lfraglj quf a fh`c`ëgc`a fgfrdàt`ca jmt`la cjo a dfstãj `gtfb`dfgtf pjlf prjvjcar rfluäöfs lf custj lf =5%1, cabcubaojs quf as sjbuäöfs la DrffgAgt aux`b`ao ga fcjgjo`a lf atà
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DrffgA Drf fgAgt gt ga prát`ca prát`ca – Casf Supfrofrcalj
1 =
As cjgtas lf buz lj supfrofrcalj v`gnao cjo oubtas pjr Fgfrd`a ]fat`va Fxcflfgtf gj vabjr lf cfrca lf ]$>55 tjlj oës. oës.
A DrffgAgt pfro`t`u quf a dfrëgc`a lj supfrofrcalj rfab`zf; •
•
•
3
Hatjr lf Ujtëgc`a Agtfs
L`ofgs`jgaofgtj lj magcj lf capac`tjrfs `lfab para akustar j Hatjr lf Ujtëgc`a Avab`aäöfs ljs l`as f njras jglf j Hatjr lf Ujtëgc`a prjvjcju oubtas Apagnaofgtj la rjt`ga lf ac`jgaofgtj lj magcj lf capac`tjrfs `gstabalj
A `gstabaäãj lj magcj lf capac`tjrfs alfqualj para j supfrofrcalj tfvf uo rftjrgj lf `gvfst`ofgtj fo cfrca lf 0 ofsfs. A part`r laï, a fcjgjo`a jmt`la cjo a oagutfgäãj lf sua jpfraäãj à lf
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Oubtas lf fgfrd`a rfat`va fxcflfgtf
Hatjr lf Ujtëgc`a Lfpj`s
Aqu`s`äãj lf magcj lf capac`tjrfs para fv`tar as oubtas
DrffgA Drf fgAgt gt ga prát`ca prát`ca – Casf Drupj lf Bjdïst`ca
1
Voa foprfsa lf bjdïst`ca rfab`za uo prjkftj lf rfluäãj lf custjs lf fgfrd`a. A cjgta cjgt a lf buz lf apfgas uoa lf suas masfs à lf cfrca lf ]$ <5.555. <5.555.
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Ofsoj cjo uoa rjt`ga r`djrjsa lf ac`jgaofgtj lf dfraljr fo njrár`j lf pjgta, fbfs prjcurao rfluz`r a`gla oa`s suas lfspfsas, prjcuraglj fgtfglfr a jr`dfo ljs dastjs cjo fgfrd`a
=
A DrffgAgt pfro`t`u quf j t`of lf dfstãj dfstãj fgfrdàt`ca lj drupj pjssa; • •
•
3
Sftjr`zar j usj lf fgfrd`a pjr árfas la masf Cjghfr`r sf a cjgta lf buz aprfsfgta vabjrfs cjfrfgtfs cjo j cjgsuoj ofgsuralj Abfrtar j Supfrv`sjr lf Oagutfgäãj sjmrf usj agüoabj lf fgfrd`a, fspfc`abofgtf hjra lj njrár`j lf fxpfl`fgtf
Js dabpöfs la masf sãj sumbjcaljs para cb`fgtfs lj drupj. Cjo a sftjr`zaäãj lj cjgsuoj, lfscjmr`u-sf quf js dabpöfs dfrao uoa lfspfsa oàl`a lf
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Cjgnfcfglj fsta lfspfsa, à pjssïvfb rfgjvar js cjgtratjs cjo vabjrfs oa`s assfrt`vjs
Fgtrala lf Dfraljr luragtf njrár`j lf pjgta
Sftjr`zaäãj lj Cjgsuoj
DrffgA Drf fgAgt gt ga prát`ca prát`ca – Foprfsas lf Fh`c`ëgc`a Fgfrdàt`ca
1
Foprfsas lf Fh`c`ëgc`a Fgfrdàt`ca huglaofgtao sfu ojlfbj lf gfdóc`js pr`gc`pabofgtf ga sumst`tu`äãj lf s`stfoas lf `buo`gaäãj. Sua rfcf`ta à prjpjrc`jgab å fcjgjo`a jmt`la cjo a `buo`gaäãj oa`s fh`c`fgtf
=
A DrffgAgt daragtf quf fssas fssas foprfsas; •
•
•
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3
Urjkftfo j rftjrgj la `opbagtaäãj lf sfu s`stfoa fo uo cb`fgtf Xfr`h`qufo sf a rfluäãj prjkftala fstá lfgtrj ljs vabjrfs aj bjgdj ljs ofsfs lf jpfraäãj (Ofl`äãj f Xfr`h`caäãj) Aj h`o lj cjgtratj, rfakustfo sfus ojlfbjs lf gfdóc`js cjo masf fo laljs n`stór`cjs prfc`sjs Abào l`ssj tulj, jhfrfäao uo sfrv`äj l`hfrfgc`alj ajs sfus cb`fgtfs, quf passao a tfr acfssj aj lasnmjarl lasnmj arl la DrffgAgt DrffgAgt
As sjbuäöfs la DrffgAgt DrffgAgt hjrao ut`b`zalas ut`b`zalas fo
+ lf 65 prjkftjs lf fh`c`ëgc`a fgfrdàt`ca
@opbagtaäãj lj s`stfoa lf `buo`gaäãj oa`s fcjgüo`cj
Lfpj`ofgtjs Acrfl`tj gj crfsc`ofgtj crfsc`ofgtj acfbfralj acfbfralj la DrffgAgt ,
‒
pr`gc`pabofgtf sf hjr hjr agab`salj j ojofgtj atuab lf oulagäa ga fstrutura lj sftjr fbàtr`cj mras`bf`rj. A hfrraofgta DrffgAgt DrffgAgt fopjlfra cjo `ghjroaäãj `ghjroaäãj j cjgs`lfra fgfrd`a uo custj custj h`xj, para cjgsuo`ljr , quf njkf cjgs`lfra
quf fbf fgtfgla sfu cjgsuoj f pjssa dfrfgc`á-bj la ofbnjr oagf`ra pjssïvfb.‟
‒J s`stfoa la DrffgAgt gjs pfro`tf ojg`tjrar ojg`tjrar fo tfopj rfab j
quf fstá acjgtfcfglj cjo a fgfrd`a fo gjssjs cb`fgtfs. Ná ou`ta rfcfpt`v`lalf gjs prjh`ss`jga`s la DrffgAgt. J t`of fstá sfoprf muscaglj jpjrtug`lalfs para `gjvar cjo gjvjs prjcfssjs f ofbnjr`as gj s`stfoa.‟
Jmkft`vjs 1= ofsfs cjo `gvfst`ofgtj
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Vsj ljs rfcursjs rfcursjs 1= 1= ofsfs ofsfs - rfsuoj
COX f Lfspfsas ]$ 3.1=5.<0< 3.1=5.<0< agj 1 tjtab
Fqu`pf ]$ 18>.355 / oës (oës 1=)
\jljs js vabjrfs sãj prfv`söfs f aprjx`oaäöfs – js dastjs tjta`s taomào `gcbu`rãj a ut`b`zaäãj lj hbuxj lf ca`xa rfab`zalj
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Sfdu`rfojs gj lfsfgvjbv`ofgtj lf gjssjs abdjr`tojs para aopb`ar gjssa capac`lalf lf `lfgt`h`car aparfbnjs aparfbnjs f fxpagl`r fsta hugc`jgab`lalf para l`hfrfgtfs cfgár`js lf cjgsuoj lf fgfrd`a
JHF]\A UÛMB@CA LF XABJ]FS OJM@B@Á]@JS ]FAB@[ALA UJ] D]FFGAG\ LJ M]AS@B S@S\FOAS LF @GHJ]OACAJ B\LA (@GS\]VÄÃJ CXO 6>>/=514)
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@gtfb`dëgc`a Cjoputac`jgab Cjoputac`jgab apb`cala aj sftjr fbàtr`cj . Aqu` fstá uo rfsuoj ljs lfsljmraofgtjs huturjs; Dfstãj pfbj Balj la Lfoagla cjoj X`rtuab Ujwfr Ubagt •
•
‒Dfrar‟ fgfrd`a atravàs la rfluäãj lj cjgsuoj lf cb`fgtfs fstratàd`cjs.
Dfstãj autjoat`zala lf o`crjdr`ls •
autügjoa ju cjgfctalas aj s`stfoa lf fgfrd`a pr`gc`pab
L`str`m L`s tr`mu`ä u`äãj ãj lf crà cràl`t l`tjs js lf fgf fgfrd` rd`aa cjo cjoj j mfg mfgfhï fhïc`j c`j ajs cb` cb`fgt fgtff quf part`c`para part`c `parao o la rfluäãj rfluäãj lj p`cj lf lfoagla. lfoagla.
O`crjdr`ls sãj pfqufgas rflfs `glfpfglfgtfs quf jpfrao lf hjroa
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Lfsfgvjbv`ofgtj lf hfrraofgta lf aut joat`zaäãj jpfrac`jgab lf aroazfgadfo, cjgsuoj f `gkfäãj lf fgfrd`a gj dr`l.
Oariftpbacf Fgfrdàt`cj •
Jhfrta lf ofbnjrfs ofbnjrfs cjgtra cjgtratjs tjs lf fgfrd`a fgfrd`a cjo masf masf gj pfrh` pfrh`bb lf cjgsuoj cjgsuoj lj cb`fgtf
•
Jhfrta lf oagutfgäãj ju sumst`tu`äãj lf fqu`paofgtjs lfhf`tujsjs.
Mbjcicna`g •
Ubatahjroa lf tragsaäãj lf fgfrd`a fgtrf cjgsuo`ljrfs/dfraljrfs (mbjcicna` (mbjc icna`gg + cr`pt cr`ptj-fgfr j-fgfrdy dy tjifg)
@gtfdraäãj cjo ofl`ljrfs lf tar`haäãj •
As gjvas dfraäöfs lf rfbód`js lf t ar`haäãj pjlfo sfr `gtfdralas aj s`stfoa la DrffgAgt
Urfv`sãj – 6 agjs
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Cao`gnjs para fx`t
Gfdóc`js jr`fgtaljs a laljs (Djjdbf, Hacfmjji, Ma`lu)
Draglfs Drupjs lf fgfrd`a (Fgfb, AFS, Fgd`f)
Foprfsas lf dfstãj fgfrdàt`ca f hjrgfcfljrfs lf sfrv`äjs (Scngf`lfr, @trjg, DF)
@gtfdraljrfs lf Sjbuäöfs @j\ f Cjgfct`v`lalf (C`scj, \fbfhjg`ca, Lfbj`ttf)
Fxfopbj lf rftjrgj pjssïvfb lj `gvfst`ofgtj Ojstraojs, pjtfgc`a`s gj sfdu`gtf cfgár`j; •
@gvfst`ljr cjo 1,5=% la DrffgAgt DrffgAgt ga hjroa lf Gjtas Cjgvfrsïvf`s fo Aäöfs •
•
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Vo `gvfst`ofgtj lf ]$ 135.555 gfssa rjlala
L`bu`äãj la part`c`paäãj lj `gvfst`ljr lf 1,5=% para 5,43% gj ojofgtj la saïla •
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Xabjr la Uart`c`paäãj lj @gvfst`ljr (]$)
Oûbt`pbj lf ]ftjrgj lf @gvfst`ofgtj
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Gãj à alqu`r`la alqu`r`la f pada pada l`v`lfgljs
Xar`ávfb
Xar`ávfb
Xar`ávfb
65.555.555
388.>06
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155.555.555
433.4>0
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355.555.555
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Cfgár`j huturj fo quf a DrffgAgt; Fgcfrra jpfraäöfs
À alqu`r`la pjr (]$);
Js tfrojs lf `gvfst`ofgtj
]FSVOJ LA ]JLALA F \F]OJS LF @GXFS\@OFG\J
FO@SSJ]A
D]FFGAG\ LJ M]AS@B S@S\FOAS LF @GHJ]OACAJ B\LA
XABJ] \J\AB LA ]JLALA
]$1.855.555,55 (uo o`bnãj f sf`scfgtjs o`b ]fa`s)
XABJ] GJO@GAB F QVAG\@LALF
]$6.555 (c`gcj (c`gcj o`b ]fa`s) x 3=5 Gjtas
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L@]F@\J LF CJGXF]SÃJ
Gjtas Cj Cjgvfrsïvf`s ffo o Aä Aäöfs
6 agjs
Uart`c`paäãj sjc`ftár`a fo hjroa lf aäöfs prfhfrfgc`a`s
A fo`ssjra fstá jhfrfcfglj fssa jpjrtug`lalf lf `gvfst`ofgtj pjr of`j la pbatahjroa FqSffl. Fssa rjlala só sfrá cjgcrft`zala casj a fo`ssjra cjgs`da rfcfmfr `gvfst`ofgtjs cjoprjoft`ljs quf sjofo j vabjr vabjr tjtab jhfrtalj luragtf j prazj. J `gvfst`ljr pjlf `gvfst`r quabqufr oûbt`pbj lf ]$6.555, atà j vabjr tjtab jhfrtalj. J `gvfst`ljr jmkft`va part`c`par lj qualrj sjc`ftár`j la Fo`ssjra sjofgtf após a sua tragshjroaäãj fo Sjc`flalf Agüg`oa. Ujrtagtj, sua gjta cjgvfrsïvfb daragt`rá sua part`c`paäãj sjc`ftár`a lfh`g`la ga Fo`ssjra sfo sfo alqu`r`r, `ofl`ataofgtf, a pjs`äãj kurïl`ca lf sóc`j la Fo`ssjra. As Gjtas Cjgvfrsïvf`s sfrãj cjgvfrt`las cjgvfrt`las fo aäöfs prfhfrfgc`a`s la Fo`ssjra gj ojofgtj lf tragshjroaäãj la Fo`ssjra Fo`ssjra fo Sjc`flalf Agüg`oa, quaglj j `gvfst`ljr `gvfst`ljr fgtrará cjoj ac`jg`sta prfhfrfgc`ab. A Fo`ssjra sf tragshjroará fo Sjc`flalf Agüg`oa gj vfgc`ofgtj las Gjtas Cjgvfrsïvf`s, Cjgvfrsïvf`s, após j lfcursj lj prazj lf 6 agjs la lata la fo`ssãj, ju agtfs, após a jcjrrëgc`a lf uo fvfgtj lf tragshjroaäãj. Cala Gjta lf ]$6.555 lá j l`rf`tj aj `gvfst`ljr a 5,53058% la part`c`paäãj sjc`ftár`a la Fo`ssjra gj ojofgtj lf sua tragshjroaäãj fo Sjc`flalf Agüg`oa. J pfrcfgtuab lf part`c`paäãj sjofgtf pjlfrá sfr rfluz`lj fo casjs lf auofgtj lf cap`tab la Fo`ssjra, jcjrr`ljs agtfs la lata lj rfcfm`ofgtj las aäöfs.
FXFG\JS LF \]AGSHJ]OAÄÃJ FO SJC@FLALF AGÜG@OA (S.A.) Js sóc`js la Fo`ssjra lfvfrãj jmr`datjr`aofgtf aprjvar a sua tragshjroaäãj fo Sjc`flalf Agüg`oa fo atà 16 l`as após a jcjrrëgc`a lf quabqufr ljs sfdu`gtfs fvfgtjs;
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A Fo`ssjra at`gd`r haturaofgtj mrutj aguab supfr`jr a ]$<.>55.555
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Gj vfgc`ofgtj la gjta cjgvfrsïvfb, após j lfcursj lj prazj lf 6 agjs
3
Urfv`aofgtf å tragshfrëgc`a tragshfrëgc`a lj cjgtrjbf sjc`ftár`j (gãj sf apb`ca j prazj lf 16 l`as gj casj)
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3
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6 agjs
Js sóc`js taomào rfsfrvao-sf j l`rf`tj lf rfab`zar a tragshjroaäãj fo Sjc`flalf Agüg`oa fo quabqufr ojofgtj
Voa Assfombf`a Dfrab Fxtrajrl`gár`a, jmkft`vaglj j auofgtj lf cap`tab, sfrá rfab`zala fo atà 35 l`as após a tragshjroaäãj. J `gvfst`ljr jutjrda å Fo`ssjra f sfus s óc`js tjljs js pjlfrfs gfcfssár`js para rfab`zar f rfd`stra r a sumscr`äãj las aäöfs fo sfu gjof.
JHF]\A UÛMB@CA LF XABJ]FS OJM@B@Á]@JS ]FAB@[ALA UJ] D]FFGAG\ LJ M]AS@B S@S\FOAS LF @GHJ]OACAJ B\LA (@GS\]VÄÃJ CXO 6>>/=514)
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FXFG\JS LF L@SSJBVÄÃJ LA FO@SSJ]A Gj casj la l`ssjbuäãj la Fo`ssjra, Fo`ssjra , à pjucj prjvávfb quf fba tfgna rfcursjs suh`c`fgtfs para rffomjbsar js `gvfst`ljrfs `gtfdrabofgtf.
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L`ssjbuäãj la Fo`ssjra la sua tragshjroaäãj fo S/A; J `gvfs `gvfst`ljr t`ljr sfrá tratalj tratalj cjoj f sfrá rffomjbsalj agtfs ljs sóc`js la Fo`ssjra, casj fx`sta l`gnf`rj suh`c`fgtf. J vabjr lj `gvfst`ofg `gvfst`ofgtj tj sfrá cabcubalj cjo uoa cjrrfäãj ojgftár`a lf acjrlj cjo j @UCA, sfo kurjs.
L`ssjbuäãj la Fo`ssjra sua tragshjroaäãj fo S.A.; J @gvfst @gvfst`ljr `ljr cjgt`guará cjgt`guará sfglj f sfrá rffomjbsalj agtfs ljs ac`jg`stas jrl`gár`js la Fo`ssjra, casj fx`sta l`gnf`rj suh`c`fgtf.
L@]F@\JS F JM]@DAÄÖFS LJ @GXFS\@LJ]
Fo casj lf auofgtj lf cap`tab, a Fo`ssjra lfvfrá jhfrfcfr aj `gvfst`ljr j l`rf`tj lf prfhfrëgc`a para sumscrfvfr prjpjrc`jgabofgtf a tab auofgtj lf cap`tab
J `gvfst`ljr rfcfmfrá pr`jr`lalf gj rffomjbsj lf cap`tab fo casj lf l`ssjbuäãj la Fo`ssjra; Fgquagtj crfljr, j `gvfst`ljr tfrá j l`rf`tj lf sfr rffomjbsalj agtfs ljs sóc`js la Fo`ssjra Cjoj ac`jg`sta prfhfrfgc`ab, j `gvfst`ljr tfrá j l`rf`tj lf sfr rffomjbsalj agtfs ljs ac`jg`stas jrl`gár`js la Fo`ssjra •
•
Fo casj lf ab`fga ab`fgaäãj äãj lf cjgtrjbf cjgtrjbf sjc`ftár`j la Fo`ssjra, j `gvfst`ljr tfrá l`rf`tj a vfglfr aj alqu`rfgtf lj cjgtrjbf a sua part`c`paäãj gj ofsoj prfäj f cjo as ofsoas cjgl`äöfs jhfrfc`las ajs ac`jg`stas cjgtrjbaljrfs
As aäöfs prfhfrfgc`as gãj tfrãj l`rf`tj a vjtj
J @gvfst`ljr pjlfrá tragshfr`r sfu `gvfst`ofgtj `gvfst`ofg tj a uo tfrcf`rj cjgtagtj quf j tfrcf`rj al`ra `gtfdrabofgtf ajs tfrojs lj cjgtratj lf `gvfst`ofgtj. Gfssf casj j @gvfst`ljr lfvfrá, pr`of`raofgtf, jhfrfcfr ajs sóc`js j l`rf`tj lf prfhfrëgc`a para alqu`r`r as Gjtas lj `gvfst`ljr fo `dua`s cjgl`äöfs
L@]F@\JS F JM]@DAÄÖFS LA FO@SSJ]A
A Fo`ssjra gãj pjlfrá tjoar partf lf quabqufr prjcfssj lf rfjrdag`zaäãj sjc`ftár`a, cjoj husãj, c`sãj ju `gcjrpjraäãj agtfs lf cjopbftar sua tragshjroaäãj fo S/A A Fo`ssjra, sfus alo`g`straljrfs f sfus sóc`js gãj pjlfrãj part`c`par lf quabqufr hjroa lf foprffgl`ofgtj quf rfab`za at`v`lalf cjgcjrrfgtf å la Fo`ssjra
A Fo`ssjra gãj pjlfrá cr`ar cbassfs lf aäöfs prfhfrfgc`a`s cjo oa`s prfhfrëgc`as ju cjo ofgjs jmr`daäöfs lj quf as aäöfs lj @gvfst`ljr, sfo taomào cjghfr`r js gjvjs l`rf`tjs aj @gvfst`ljr
Uràv`j a sua tragshjroaäãj fo Sjc`flalf Agüg`oa, a Fo`ssjra gãj pjlfrá l`str`mu`r bucrjs ajs sfus sóc`js
Fo casj lf ab`fgaäãj lj cjgtrjbf sjc`ftár`j la Fo`ssjra a uo vabjr lf 3x ju oa`s oa`s lj vabuat`jg la Fo`ssjra gfssa rjlala, fba tfrá j l`rf`tj lf jmr`dar j @gvfst`ljr a vfglfr a part`c`paäãj lfbf aj ofsoj prfäj f sfduglj as ofsoas cjgl`äöfs acjrlalas fgtrf fba f j alqu`rfgtf A Fo`ssjra sfrá jmr`dala a fbamjrar f fgv`ar uo rfbatór`j h`gagcf`rj f dfrfgc`ab lf suas at`v`lalfs aj @gvfst`ljr a cala 3 ofsfs
Sf njuvfr lfscuopr`ofgtj lf qua`squfr las jmr`daäöfs, a Fo`ssjra f sfus sóc`js fstãj sukf`tjs, sjb`lar`aofgtf, aj padaofgtj lf uoa oubta gj vabjr lf 15% pjr oës lj `gvfst`ofgtj rfcfm`lj sfo a hftar js jutrjs l`rf`tjs lj @gvfst`ljr
Js hatjrfs lf r`scj
]FSVOJ LJ AX@SJ LF ]@SCJ LA UBA\AHJ]OA FQSFFL
Quabqufr `gvfst`ofgtj fo pfqufgas foprfsas (startups) fgvjbvf r`scjs h`gagcf`rjs f lfsah`js s`dg`h`cat`vjs. Sjofgtf `gv`sta fo gfdóc`js pumb`caljs ga pbatahjroa FqSffl sf vjcë pjssu` cjgnfc`ofgtj suh`c`fgtf para fgtfglfr fssfs r`scjs f para tjoar suas própr`as lfc`söfs lf `gvfst`ofgtj. Fssfs `gvfst`ofgtjs lfvfo cjopjr apfgas uoa pfqufga partf lf uoa cartf`ra l`vfrs`h`cala lf `gvfst`ofgtjs. Gãj ná quabqufr daragt`a lf rftjrgj lj `gvfst`ofgtj fhftualj.
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HA\J]FS HA\J] FS LF ]@SCJ - @GXF @GXFS\@OFG S\@OFG\J \J
Casj a Fo`ssjra sf tjrgf `gsjbvfgtf, ná uoa draglf prjmam`b`lalf lf quf js vabjrfs `gvfst`ljs gãj sfkao lfvjbv`ljs. J `gvfst`ljr cjrrfrá j r`scj lf pfrlfr partf ju tjlj j l`gnf`rj `gvfst`lj. Js `gvfst`ofgtjs fo foprfsas gascfgtfs sãj abtaofgtf `bïqu`ljs, fo hugäãj lj ma`xj drau lf cjgvfrsãj la part`c`paäãj fo l`gnf`rj, sfo pfrla sumstagc`ab lf sfu vabjr. À ou`tj pjucj prjvávfb quf j `gvfst`ljr cjgs`da vfglfr sua part `c`paäãj f sa`r lfssf `gvfst`ofgtj agtfs quf a Fo`ssjra sfka cjoprala pjr jutra foprfsa ju sfka b`stala fo uoa mjbsa lf vabjrfs.
À rarj uoa foprfsa fo ftapa `g`c`ab padar l`v`lfgljs. Ofsoj fba tfglj sucfssj, a Fo`ssjra pjlf gãj tfr jmr`daäãj gfgnuoa lf padar l`v`lfgljs, pj`s pjlf tfr cjoj ofta j rf`gvfst`ofgtj ljs bucrjs para j sfu própr`j crfsc`ofgtj. Cjoj t`tubar la Gjta Cjgvfrsïvfb, Cjg vfrsïvfb, j `gvfst`ljr gãj tfrá quabqufr l`rf`tj a rfcfmfr l`v`lfgljs. A pjrcfgtadfo lf part`c`paäãj la Fo`ssjra lft`la pfbj `gvfst`ljr pjlf sfr rfluz`la gj huturj sf a Fo`ssjra lfc`l`r auofgtar sfu cap`tab sjc`ab f fo`t`r oa`s cjtas, aäöfs, cjgtratjs lf jpäãj, ju tïtubjs s`o`barfs para `gvfst`ljrfs ju tfrcf`rjs f sf, gfssfs ojofgtjs, j `gvfst`ljr gãj alqu`r`r gjva part`c`paäãj prjpjrc`jgab å sua pjrcfgtadfo atuab.
HA\J]FS HA\J] FS LF ]@SCJ - GFDÓC GFDÓC@J @J
A Fo`ssjra à uoa foprfsa gascfgtf cjo pjucjs laljs lf lfsfopfgnj passalj. \jljs js gûofrjs hjrgfc`ljs sãj prfv`söfs hf`tas cr`tfr`jsaofgtf f cjo mja hà.
Quabqufr pfqufga foprfsa (startup) fghrfgta lfsah`js s`dg`h`cat`vjs para `opbfofgtar j sfu pbagj lf gfdóc`js. Gãj ná gfgnuoa daragt`a lf quf a Fo`ssjra cjgsfdu`rá abcagäar suas fxpfctat`vas f prfv`söfs.
J lfsfopfgnj h`gagcf`rj la Fo`ssjra à sfgsïvfb å avagäjs tfcgjbód`cjs, gjvas jhfrtas lf prjlutjs f pjbït`cas lf prfäjs ljs sfus cjgcjrrfgtfs atua`s ju huturjs. J lfsfopfgnj h`gagcf`rj la Fo`ssjra à sfgsïvfb aj aom`fgtf oacrjfcjgüo`cj mras`bf`rj f dbjmab.
Uara at`gd`r sfus pbagjs lf crfsc`ofgtj gj bjgdj prazj, à abtaofgtf prjvávfb quf a Fo`ssjra prfc`sf captar oa`s `gvfst`ofgtj gj huturj. Sf a Fo`ssjra gãj t`vfr sucfssj fo captaäöfs huturas lf `gvfst`ofgtj, j sfu crfsc`ofgtj pjlf sfr `opfl`lj f atà a sua sjmrfv`vëgc`a pjlf sfr cjbjcala fo r`scj.
HA\J]FS HA\J] FS LF ]@SCJ - CJGX CJGXF]S@M@ F]S@M@B@LALF B@LALF
Sfduglj js tfrojs lf `gvfst`ofgtj, a Fo`ssjra lfvfrá rfab`zar a tragshjroaäãj la sjc`flalf fo Sjc`flalf Agüg`oa. Casj js sóc`js la Fo`ssjra gãj rfab`zfo js atjs gfcfssár`js para fssa tragshjroaäãj, j @gvfst`ljr pjlfrá sfr `opfl`lj lf sf tjrgar ac`jg`sta la Fo`ssjra.
Sfduglj js tfrojs lf `gvfst`ofgtj, a Fo`ssjra, aj sf tjrgar S/A, lfvfrá rfab`zar j auofgtj lf cap`tab gfcfssá gfcfssár`j r`j para pfro`t`r j @gvfst`ljr a sumscrfvfr suas lfv`las aäöfs cjo as caractfrïst`cas f gj pfrcfgtuab prfv`stj.
Casj js sóc`js la Fo`ssjra gãj rfab`zfo js atjs gfcfssár`js para a fo`ssãj lfssas aäöfs, j @gvfst`ljr pjlfrá sfr `opfl`lj lf sf tjrgar ac`jg`sta la Fo`ssjra.
Fo atà 15 (lfz) l`as cjgtaljs la lata lj auofgtj lf cap`tab, j @gvfst`ljr pjlfrá rfcursar-sf a lftfr as aäöfs la Fo`ssjra ofl`agtf uoa gjt`h`caäãj fscr`ta fgtrfdala å Fo`ssjra. Aj rfcfmfr fssf av`sj, a Fo`ssjra ju js sfus sóc`js lfvfrãj alqu`r`r as aäöfs fo sua `gtfdrab`lalf pfbj prfäj tjtab lf ]$ 15,55 (lfz rfa`s). Ass`o, j @gvfst`ljr pfrlfrá a oa`jr`a lj cap`tab `gvfst`lj gj casj la rfcusa lf lftfr as aäöfs.
FG\]F FO CJG\A\J Uflrj M`ttfgcjurt
J gjssj s`tf; drffgagt.cjo.mr
pflrj.m`ttfgcjurtEdrffgagt.cjo.mr (=1) 00>>8-4410
A rjlala lf `gvfst`ofgtj; fqsffl.cjoR`gvfst`rRdrffgagt
