1/29 - - Calçados e Testes Serrano Ltda. Delivery Date: Mar 14, 2011 - - - - Subscriber No: 716000061 Reference: tsrk04 IDENTIFICATION & SUMMARY Identification RISK SUMMARY D-U-N-S Number: 89-977-2792 Risk Evaluation Risk Indicator D&B Rating Former Rating 1 3A1 3A3 Av. Presidente Wilson 1.230 Mooca 03107-901 São Paulo SP Brazil Legal Events Protest(s) Law Suit(s) Receivership Bankruptcy 10 10 Yes Yes Telephone(s): (+55) 11 6165-7200 (+55) 11 6165-7321 Facsimile(s): (+55) 11 6465-7202 Payment Information Payment Record(s) 0 E-Mail: Website: [email protected] www.lorenzetti.com.br Principal Information Principal(s) 4 Trading Style: Serrano Lorenzetti ! Country Tax ID: (CNPJ) 01.485.092/0001-00 State Tax ID: Municipal Tax ID: 100.682.431.117 57.985.376-M Location: Financial Summary Sales 279,379,594,200 USD 2009 Net Worth 6,395,967,534 USD 2009 Capital 53,453,000,000 BRL 2002 Condition Strong Summary Type of Business: Privately Held Corporation History: Business Legal Status: National Established: Control: 1996 2000 Line of Business: Mfg (ENG) of male and female shoes. Primary SIC: 3519 3256 Imports: Exports: Yes Yes Employs: 1,200 (Here) 25,666 (Total) Principal: Marcelo Guastavino Guastavin President Director Trend General Sales Net Worth Profit Upward Increased Increased Increased Financial Ratios Current Ratio Debt to Equity Ratio 3.09 45.48 Currency All monetary amounts quoted in this report are shown in Brazilian Real (BRL) unless otherwise stated Risk Assessment Risk Indicator 1 D&B Rating Financial Strength Risk Indicator 3A1 3A 1 Based on net worth Strong (minimal risk) The Dun & Bradstreet Rating of 3A1 indicates: 2011/03/15 2/29 - - - - Financial Strength of USD 1,500,000 - 9,999,999 based on net worth A Risk Indicator which is Strong (minimal risk) COUNTRY RISK Average Payments in Brazil International Risk and Payment Review, a unique Dun and Bradstreet Publication covering 122 countries worldwide, reported in November 2010: A) The local delays in payment average 1-2 months, and B) the foreign exchange bank delays average 1-2 months. For more information concerning this publication please contact your local Dun and Bradstreet representative. - - - - NEWS & ALERTS News Source: Gazeta Mercantil Date: Feb 01, 2011 Page(s): C2 Article: (01) ENG Loop 1 (English version) The Calcados e Testes Serrano, are constructing a new plant that will shelter a new production of shoes in plastics, in Santo Amaro and will have a capacity of production of 10,000 shoes per day. The new plant will generate 5000 new jobs. Source: Diário de Pernambuco Date: Jan 15, 2011 Page(s): C3 Article: (02) ENG Loop 2 (English version) The Calçados e Testes Serrano, está construindo uma nova fábrica, que abrigará uma nova produção de sapatos em plásticos, em Santo Amaro, que terá uma capacidade de produção de 10.000 sapatos por dia. A nova fábrica gerará 5000 novos empregos.MM Source: Diário do Comércio e Indústria Date: Dec 12, 2010 Page(s): C4 Article: (03) ENG Loop 3 (English version) The Calçados e Testes Serrano, está construindo uma nova fábrica, que abrigará uma nova produção de sapatos em plásticos, em Santo Amaro, que terá uma capacidade de produção de 10.000 sapatos por dia. A nova fábrica gerará 5000 novos empregos. KKKKKKK Source: Gazeta Mercantil Date: Jun 15, 2010 Page(s): C2 Article: (04) ENG Loop 4 (English version) The Calçados e Testes Serrano, está construindo uma nova fábrica, que abrigará uma nova produção de sapatos em plásticos, em Santo Amaro, que terá uma capacidade de produção de 10.000 sapatos por dia. A nova fábrica gerará 5000 novos empregos. Source: Gazeta Mercantil Date: Nov 20, 2009 Page(s): C3 Article: (05) ENG Loop 5 (English version) The Calçados e Testes Serrano, está construindo uma nova fábrica, que abrigará uma nova produção de sapatos em plásticos, em Santo Amaro, que terá uma capacidade de produção de 10.000 sapatos por dia. A nova fábrica gerará 5000 novos empregos. Source: Diário de Pernambuco 2011/03/15 3/29 - - - - Date: Mar 13, 2009 Page(s): C4 Article: (06) ENG Loop 6 (English version) The Calçados e Testes Serrano, está construindo uma nova fábrica, que abrigará uma nova produção de sapatos em plásticos, em Santo Amaro, que terá uma capacidade de produção de 10.000 sapatos por dia. A nova fábrica gerará 5000 novos empregos. Source: Gazeta Mercantil Date: Sep 11, 2008 Page(s): PP 1 Article: (07) ENG Loop 7 (English version) The Calçados e Testes Serrano, está construindo uma nova fábrica, que abrigará uma nova produção de sapatos em plásticos, em Santo Amaro, que terá uma capacidade de produção de 10.000 sapatos por dia. A nova fábrica gerará 5000 novos empregos. Source: Diário do Comércio e Indústria Date: Jan 07, 2008 Page(s): OO 2 Article: (08) ENG Loop 8 (English version) The Calçados e Testes Serrano, está construindo uma nova fábrica, que abrigará uma nova produção de sapatos em plásticos, em Santo Amaro, que terá uma capacidade de produção de 10.000 sapatos por dia. A nova fábrica gerará 5000 novos empregos. Source: Diário de Pernambuco Date: Oct 29, 2007 Page(s): UU 3 Article: (09) ENG Loop 9 (English version) The Calçados e Testes Serrano, está construindo uma nova fábrica, que abrigará uma nova produção de sapatos em plásticos, em Santo Amaro, que terá uma capacidade de produção de 10.000 sapatos por dia. A nova fábrica gerará 5000 novos empregos. Source: Diário Oficial da União Date: Apr 15, 2007 Page(s): AAH Article: (10) ENG Loop 10 (English version) The Calçados e Testes Serrano, está construindo uma nova fábrica, que abrigará uma nova produção de sapatos em plásticos, em Santo Amaro, que terá uma capacidade de produção de 10.000 sapatos por dia. A nova fábrica gerará 5000 novos empregos. PUBLIC RECORD INFORMATION On Dec 09, 2010, were observed on a national level 02 occurrence(s). ENG version - Falência estebelecida para o processo de homologção, pela 11ª Vara Civel, de São Paulo - SP. Estebelecida para o processo de homologção, pela 11ª Vara Civel, de São Paulo - SP Concordata Bankruptcies Total number of bankruptcies: 03, including: Date: Jan 01, 2002 Type: Bankruptcy Required Court: 11th Civil Court Location: Sao Paulo, SP Date: Oct 20, 2005 Type: Bankruptcy Decreed Court: 14th Civil Court Location: Rio de Janeiro, RJ Arrangements With Creditors 2011/03/15 4/29 Date: Dec 30, 2001 Type: Arrangement with creditors required Court: 5th Civil Court Location: São Paulo, SP Date: Oct 20, 2005 Type: Arrangement with creditors deferred Court: 1st Civil Court Location: Rio de Janeiro, RJ Date: Nov 21, 2006 Type: Suspensive arrangement with creditors Court: 1st Civil Court Location: Rio de Janeiro, RJ Protests Total number of protests: 10, including: Date: Jan 02, 2010 Court: 19th Notary Public Amount: BRL 21,500.65 Location: Canoa Dourada, PA Date: Jan 15, 2011 Court: 2nd Notary Public Amount: BRL 15,100.00 Location: São Paulo, SP Executive Actions Total number of executive actions: 06, including: Date: Mar 18, 1999 Court: 6th Civil Court Location: Sao Paulo, SP Date: Mar 18, 1999 Court: 1st Civil Court Location: Sao Paulo, SP Search and Arrest/Fiscal Actions Total number of executive actions: 04, including: Date: Oct 20, 2005 Type: Search and Arrest Court: 5th Civil Court Location: São Paulo, SP Date: Oct 19, 2005 Type: Fiscal Court: 6th Civil Court Location: São Paulo, SP 2011/03/15 5/29 Stolen / Lost Checks Total number of stolen/lost checks: 10, including: Date: Jan 01, 2007 Bank Number: 237 Type: lost/stolen Branch: 1065 Location: Santo Antônio do Batefino 01 MG Date: May 02, 2008 Bank Number: 357 Type: lost/stolen Branch: 6501 Location: Santo Antônio do Batefino 02 BA Date: Jun 03, 2009 Bank Number: 157 Type: lost/stolen Branch: 2101 Location: Santo Antônio do Batefino 03 MT Returned Checks Total number of returned checks: 03, including: - - - - Date: Oct 21, 2005 Bank Number: 237 Type: bounced check Branch: 426333 Location: São Paulo SP Date: Oct 21, 2004 Bank Number: 425 Type: bounced check presented twice Branch: 332252 Location: São Paulo SP Date: Nov 25, 2005 Bank Number: 425 Type: bounced check presented twice Branch: 3256 Location: Rio de Janeiro RJ BANKS Subject operates with the following bank(s): Bank Name: Banco Itaú S.A. D-U-N-S: 89-977-2792 Location: Av. Oratório, 123, São Paulo, SP, Brazil Branch: Vila Alpina 140 Comments: ENG version - Mais Banco, somente após. 2011/03/15 6/29 Bank references were declined - - - - Bank Name: Banco Sudameris Brasil S.A. Location: Av. Paulista, 1000, São Paulo, SP, Brazil Branch: Paulista 1681 Comments: ENGL Bank references were declined Bank Name: Banco Bradesco S.A. Location: São Paulo, SP, Brazil Branch: Naçoes Unidas 1232-8 Comments: ENG version - Cliente antigo, é um excelente correntista. Conceito Bom. Bank references were declined Bank Name: Banco do Brasil S.A. Location: São Paulo, SP, Brazil Branch: Bernardino de Campos 154 Comments: ENGL Bank references were declined CURRENT INVESTIGATION Investigation Information On Sep 30, 2010, the Mrs. Angélica Louise Moreira Rocha, Operational Analyst and the Mrs. Rosangela Silva Santos, Administrative Department representative confirmed the general data in this report , although refusing to submit the last trial balance sheet as determined by management. 2011/03/15 7/29 - - - - HISTORY Background Privately Held Corporation, started on Apr, 1996 and registered at 12th Titles and Document Registration Notary Public on Aug 19, 2010 in São Paulo, SP. Record number 765.987.099M, book A-33, pages 147/234. Activities started on Apr, 1996, under company name: calçados e Testes Ltda as Limited Liability Partnership, on São Paulo, SP. 1.1. Field of Free Text - Inglês. - Free Text - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX Changes Changed company name to Calçados e Testes Serrano Ltda on Jan 01, 1997 with CNPJ 01.230.520/0001-33 (Diário Oficial do Estado de Alagoas, May 25, 2009, pages OO-17). 2.2. Field of Free Text - Inglês. - Free Text - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX Changed company name to Peneira da Moda - Calçados Infantis e Tennis Ltda., on Feb 15, 2009 as Limited Liability Company with CNPJ 11.111.111/0001-11 (Diário Oficial do Estado de São Paulo, Jan 14, 2009, pages A-16). 01.02. - LOOP - Absorbed - Free Text - Inglês - . Free Text - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX Incorporated: Belo Bambino Calçados e Tecidos Lindo Ltda., on Apr 15, 2009 as Limited Liability Partnership with CNPJ 22.222.222/0001-22 (Diário do Comércio, Apr 15, 2009, pages M-355). 03.01. - LOOP - Incorporated - Free Text - Inglês - . Free Text - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX Changed company name to Bahia SemFio Tecidos e Calçados Ltda., on Jun 20, 2009 as Civil Association with CNPJ 33.333.333/0001-44 (Diário do Comércio e Indústria, Feb 25, 2008, pages AA-15). 2.2. Comments Free Text - Inglês - . Free Text - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXX Incorporated: Casa Barber Belobino Calçados em Geral Ltda., on Dec 12, 1999 as Civil society with CNPJ 44.444.444/0001-55 (Diário do Comércio, Feb 25, 2009, pages BB-10). 32. Comments Free Text - Inglês - . Free Text - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXX Capital Capital Stock: BRL 53,453,000,000 and is fully paid in Initial Capital Stock: BRL 120,000, originated from personal resources. Capital composition is represented by 34,868,208 share(s). Total common shares: 34,868,208.00 18,868,208 share(s) are nominative series A, with nominal value of BRL 1.00 each share. 9,000,000 share(s) are nominative series B, with nominal value of BRL 1.00 each 2011/03/15 8/29 share. 7,000,000 share(s) are nominative series C, with nominal value of BRL 1.00 each share. Capital Value Shareholders equity BRL 46,272,830.00 Subscribed BRL 87,987,654.00 Unpaid BRL -40,005,555.00 The last capital increase was on Apr 01, 2002. Capital distribution is as follows: Shareholders (% Common) (% Preferred) (estate) Marcos A. Carlos Souza 40.0000 40.0000 Monte Mor Testes Ltda. 30.0000 30.0000 shares in treasury 30.0000 30.0000 Total 100.0000 0.0000 (% Total) 100.0000 The Company has a total of 50 shareholders. Capital Stock History Later capital increased several times 03 times, including the following alterations: On Nov 01, 2001 capital increased to BRL 1,500,000.00 (Diário do Comércio, page(s) 14). On Jan 10, 2005 capital increased to BRL 2,000,000.33 (Diário do Comércio e Indústria, page(s) 23). Management/Council Election The current Board of Directors was appointed on Aug 19, 2010, in Extraordinary Shareholders General Meeting from Aug 19, 2010 to Aug 19, 2010 for a period of 03 years. On Aug 19, 2010, Marcos Alberto Souza Silva, Administrator duly authorized person, was appointed from Aug 19, 2010 to Aug 19, 2010. (Diário Oficial do Estado da Bahia, Aug 19, 2010, page(s) 01) Proxies Entitled to sign for the company: to two Directors, if absent with a Administrative Director together. The following individuals have a proxy from the Company: Marcos Carlos Carlo Ferreira Silva. Additional Comments: 1.1. - Proxies = Comments: Free Text - Inglês (x.x.x..x.x. x.x.x.x.x. x.x.x..x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. x.x.x.x.x. ). Additional Comments: 2.2. Comments Free Text - Inglês - . 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Name: Calçados e Testes do Brasil Ltda. Calçados e Testes do Brasil Ltda. Calçados e Testes do Brasil Ltda. Calçados e TestesL D-U-N-S: 89-819-6621 CNPJ: 00.245.980/0001-92 Location: Rua Corumbá, 200, Vila Alpina, Pedro de Alcantara, SP, 09850-687, FOREIGN STATE, United States Details: Ownership: 55% Year Started: 1993 Line of Business: 1.3. Comments Free Text - Inglês - . Free Text - XXXX - XXXX XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX XXXX - XXXX - XXXX - XXXX - XXXX - XXXX 1.3. Field of Free Text - Inglês. - Free Text - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX XXXX - Headquarters Subject is a branch of: Name: Matriz Calçados - 89 123456789 123456789 123456789 123456789 123456789 123456789 123456789 123456789 123456789 12345678. D-U-N-S: 89-977-2792 CNPJ: 45.445.646/4560-00 Location: Trav. Monte Carlos Figueiredoo Mauro, 1.523, 2º andar, conjunto 21, Nova Cantareira doParaiso, Sâo Paulo de Jurubatuba Mineir, SP, FOREIGN STATE, Brazil Details: Line of Business: Ramo - (ENG) versão - XXXXXX. XXXXXX. XXXXXX. XXXXXX. XXXXXX. XXXXXX. XXXXXX. XXXXXX. XXXXXX. XXXXXX. XXXXXX. XXXXXX. XXXXXX. XXXXXX. XXXXXX. XXXXXX. Currently Subject finds itself in a active condition. The parent company is a subsidiary of: Name: Companhia Subsiarai of Calçados - 1234567 2345678 123456789 123456789 123456789 123456789 123456789 123456789 12345678. D-U-N-S: 89-977-2792 CNPJ: 12.132.123/1000-10 Location: Rod. Mariano de Figueiredo ManoelDI, 21.542-A, 3º andar, conjunto 24, Canto Canto Paulo Afonsoo, Paulo Mineiro de Minas Geraisi, SP, FOREIGN STATE, South Africa Details: Line of Business: Ramo - (ENG) versão - XXXXXX. XXXXXX. XXXXXX. XXXXXX. XXXXXX. XXXXXX. XXXXXX. XXXXXX. XXXXXX. XXXXXX. XXXXXX. XXXXXX. XXXXXX. XXXXXX. XXXXXX. XXXXXX. Currently Subject is in a active condition. 1.1. Field of Free Text - Ingles. - Free Text - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX XXXX - XXXX - XXXX - XXXX Ownership Name: Marina Lima & Netos Ltda. Marina Lima & Netos Ltda. Marina Lima & Netos Ltda. Marina Lima & Netos Ltda. Marina Lima & Ne D-U-N-S: 00-535-6613 CNPJ: 00.245.980/0001-92 Location: Av. 5 Shoes St., 555, Maria Maria Meus, Jabaquara, SP, 04308-000, FOREIGN 2011/03/15 10/29 STATE, United States Details: Ownership: 44% Year Started: 1963 Line of Business: 2.3. Comments Free Text - Inglês - . Free Text - XXXX - XXXX XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX XXXX - XXXX - XXXX - XXXX - XXXX - XXXX 2.3. Field of Free Text - Inglês. - Free Text - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX XXXX D-U-N-S: 89-819-6621 CNPJ: 44.654.645/6456-45 Location: Rua Marieta Serina de Souza, 1.500, Santanoum, Morumbi, São Paulo, SP, FOREIGN STATE, Brazil Details: Ownership: 15% Year Started: 2000 Line of Business: 3.3. Comments Free Text - Inglês - . Free Text - XXXX - XXXX XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX XXXX - XXXX - XXXX - XXXX - XXXX - XXXX 3.3. Field of Free Text - Inglês. - Free Text - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX XXXX - Subsidiaries The principal is: Name: Sapatos Ltda. Sapatos Ltda. Sapatos Ltda. Sapatos Ltda. Sapatos Ltda. Sapatos 01 D-U-N-S: 90-118-1164 CNPJ: 52.928.174/0001-50 Location: Av. Ricardo Mouser de Oliveir, 1.200-A, São California de Vitorrr, Santo Amaro da Posse MMMM, SP, 04608-000, Brazil Details: Ownership: 55% Year Started: 1990 Line of Business: 1.2. Comments Free Text - Inglês - . Free Text - XXXX - XXXX XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXX 1.2. Field of Free Text - Inglês. - Free Text - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXX Affiliates The principal is: Name: Sapatos Ltda. Sapatos Ltda. Sapatos Ltda. Sapatos Ltda. Sapatos Ltda. Sapatos 02 D-U-N-S: 89-977-2792 CNPJ: 22.552.125/0001-00 Location: Chác. Santo Antonio dee Melgado, 100, Caraguatatuba de Viamãooo, Santo Amaro de Lombada XX, São Paulo de Israel Natal MilH, SP, 04000-068, Brazil Details: Ownership: 45% Year Started: 1990 Line of Business: 2.2. Comments Free Text - Inglês - . Free Text - XXXX - XXXX XXXX - XXXX - XXXX - XXXX - XXXX - XX 2.2. Field of Free Text - Inglês. - Free Text - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXX Group The subject is a member of the Serrano Group. 2011/03/15 11/29 The principals are: Name: Sapatos Ltda & Cia. - Trading Company - uma empresa do Grupo Sapda Compacto Ltda. D-U-N-S: 90-118-1164 CNPJ: 52.928.174/0001-50 Location: Rua Maria de Marcolina Gaiola, 11.320, Jardim Nova Eldorado MMMM, Cordulimadulina do NorteO, São Geraldo de Paula, SP, Brazil Name: Shoes and Shoes Corporation Limitada. N.Y.M.E. D-U-N-S: 00-535-6613 CNPJ: 00 Location: St. 5 Shoes St., 5.620, Nova Yorque, FOREIGN STATE, United States Name: Calçados e Testes do Brasil Ltda D-U-N-S: 89-819-6621 CNPJ: 00.245.980/0001-92 Location: Rua Sant Moore de La Brings, 1.900, Andar - SObreloja, Lombarderia Flora, SP, Brazil 2011/03/15 12/29 - - - - PRINCIPALS Name: Marcelo Guastavino Guastavin Position: President Director Born: Oct 30, 1960, native of Argentina Identification: R.N.E.# 54235-N C.P.F.# 554.784.552-00 Qualifications: University degree in Business Administration in 1974, with specialization in Graphic Art and Human Resources Management, major degree: "Doctor in Economics". Post graduate course in Communication Sciences at the College of Business Management, Universidade Federal do Rio Grande do Sul - UFRG, Duque de Caxias, RS, Brazil. 1 -Free Texto - ENG - XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXX. Concluded Agroindustrial Administration at the college, Direito Nacional Federal DNF, São Pedro, RS, Brazil. 2 -Free Texto - ENG - XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXXX. XXX. Present Employment: Director of Shoes an Shoes Corp., Maringá, RS, United States, since Nov 14, 2005, holds 25% of the capital. (ENG) - 1. xxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx x.. Is Manager of Marina Lopes E Cia. Ltda., Meringue, PR, Brazil, since Nov 14, 2005, holds 12% of the capital. (ENG) - xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx x.. Previous Employment: Was Director of Sapatos Ltda, São Paulo, SP, Brazil, from 1990 to 1999, held 10% of the capital. Was Manager of Moranga Mr. Meister Ltda., D-U-N-S 89-977-2792, Mirandopolis, SP, Brazil, from 1999 to 2001, held 20% of the capital. Additional Comments: Partnered Arrived in Brazil in 1999. Present situation in Brazil: Has Work Visa since 1999. Is brother of Paulo de Jesias Figueiredo, cousin of José Eduardo de Oliveira Entered subject's Board of Directors on 1999. In/on 1998 took present office. Is active in the company's daily activities. Member of Junta Comercial. Holds interest in several companies of the same line of business 10 companies with unknown people (ENG) - 1. TEXTO LIVRE xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx x. Commercial background unknown Name: José Eudardo de Oliveira Position: Associate Manager Born: Jun 21, 1965, native of Brazil Identification: ID# 5.255.233 (R.G.) SSP (SP) C.P.F.# 081.559.552-55 Qualifications: University degree in Business Administration. Concluded post graduate course in Business Administration at the Fundação Getúlio Vargas, São Paulo, SP, Brazil Present Employment: Director of Calçados e Testes do Brasil Ltda, São Paulo, SP, Brazil, since 1993, holds 15% of the capital. (ENG) - 1. TEXTO xxxxx xxxxxx xxxxxx xxxxxx xxxxxx 2011/03/15 13/29 xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx x.. Previous Employment: Was Manager of Calçados Brasília Ltda, Brasília, DF, Brazil, from 1990 to 1993, held 25% of the capital. Additional Comments: Legally separated Entered the subject in 1993. Is active in the company's daily activities. Is connected to 15. Holds interest in several companies 20 companies with his/her family members (ENG) - 1. TEXTO xxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx xxxxxx x. Name: Maria Teresa Lima Moura Position: Administrative Manager Born: Dec 31, 1965, native of Brazil Identification: ID# 5.093.755 (R.G.) (SP) C.P.F.# 988.255.788-99 Qualifications: University degree in Data Processing. Present Employment: Is connected to the above mentioned companies. Previous Employment: Was employee of IBM do Brasil Ltda., São Paulo, SP, Brazil, from 1990 to 1994. Additional Comments: Divorced Entered the subject in 1994. Is active in the company's daily activities. Name: Marta Rocha de LongMeter Marsicano Position: Finances Manager Born: Oct 09, 1969, native of Piraju, SP, Brazil Identification: ID# 18910047-3 (R.G.) SSP (SP) C.P.F.# 096.072.128-27 Qualifications: University degree in Business Administration in 1996, with specialization in System Technology, major degree: "Dr. in Business Administration". Present Employment: Is connected to the above mentioned companies. Additional Comments: Divorced Entered the subject in 1989. In/on 1995 took present office. Is active in the company's daily activities. Name: Marcos Alberto Nascimento Moraes Position: Shareholder Partner Identification: C.P.F.# 545.464.678-78 Additional Comments: Single Entered the subject in 2006. Is inactive in the company's daily activities. 2011/03/15 14/29 - - - - OPERATIONS Line of Business Manufacturer of (ENG) male and female leather shoes in the division of (E) Subject's shareholding was changed to the current one. On the same date, joined, 90%, Services of travel agency in the division of (E) Subject's shareholding was changed to the current one. On the same date, joined, 10% SIC: 3519 3256 5421 Outsources Outsources 15% production through: Name: 1.Canarana Pães & Vinhos Corporação Nacional Ltda. D-U-N-S: 89-977-2792 CNPJ: 25.421.565/6000-10 Location: São Paulo, SP, FOREIGN ST, Brazil Outsources 55% production through: Name: 2.Canarana Pães & Vinhos International Company Ltda. D-U-N-S: 89-977-2792 CNPJ: 25.421.565/6000-10 Location: São Paulo, AC, FOREIGN ST, Brazil Production Has a productive capacity of 1,500 megawatt by year. Owns 3 fuel pumps. Cultivates an area of 2,500.22 megawatt (2004). Owns an available area of 30,800.55 miles. Works on 3 daily shifts of 08 hours. Manufactures an average of 1,500 units of E - Shoes / year, (2009). Produced the quantity of 2,000 units of Shoes / year, (2008). Produced the quantity of 1,500 units of shoes / year, (2007). 3.3. Comments Free Text - Inglês - . 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Quality Certificate Subject has certificates: ISO 9004, issued by BRTUV-Quality Appraisals Ltda. S/C-RWTUV, for: (E) - Retail of Eletrodomésticos. ISO 9002, issued by BVQI-Bureau Veritas Quality International, for: (E) - Manufactoring of chocolate. Vehicles & Equipment Uses own fleet, with 3 vehicles, being: Quantity Type Brand/Model Manufactured Country of Origin Cargo Capacity 1 vehicle 2001 Ford Ka - MI006 2000 Brazil 2,500 boxes 1 vehicle 2000 Fiat Palio EDX 1.5 1999 Brazil 1 pick up truck 1995 Volkswagen Santana CD 1995 Brazil 3.5 tons The company utilizes own equipment: 2011/03/15 15/29 Quantity Kind of Equipment Own/Rented 1 stappler Own 2 sanders Own 3 storage tanks Own Representative Representative of: Name: Samello Indústria e Comércio de Retalhos e Firmamentos e de Representações Ltda. Location: São Paulo, SP, Brazil, South America Product: E - Shoe Calçados de couro e borracha, luvas apar. Name: Cerense Indústria e Comércio de Retalhos e Firmamentos e de Representações Ltda. Location: Ceará do Norte Filho, CE, FOREIGN ST, Brazil Product: E - Shoes Calçados de couro e borracha, luvas apar Name: 3.3 Cearense Ind e Comércio de Retalhos e Firmamentos e de Representações Ltda. Location: FOREIGN ST, Germany Product: E - Shoes Calçados de couro e borracha, luvas apar Name: 3.4 Cearense Ind e Comércio de Retalhos e Firmamentos e de Representações Ltda. Location: North America Product: E - Shoes Calçados de couro e borracha, luvas apar Trademark Subject has 10 trademarks. Including: Serrano, E - fertilizantes e afins, 25.23% Costa do Marfim, E - Catalogos do endereço, 18.99% Capital Inicial, Prensados de Papelão ABC, 25.74% Libra Esterlina, Bloco de Cimento Ondulado, 5.66% Sales Products are sold in the following market(s): National: Southwestern (Eng - Shoes), 22.00% (Bahia), BA (Eng - Shoes), 11.00% Minas Gerais (Eng - Shoes) Rio de Janeiro, RJ (Shoes 02), 2.00% Exports To: FOREIGN ST, United States (Eng - Shoes), 11.00% United Kingdom (E - Male Shoes), 50.00% Cartona Linde, FOREIGN ST, Switzerland (Female Shoes), 34.00% São José dos Campos, Kazakhstan (Calçados Masculino e Chinelos), 10.00% Latin America (Calçados Masculino e Chinelos), 5.00% Europe (Shoes 01 - Ing), 1.00% National sales terms: on credit for 10-35 days, 45.66% cash, 10.87% Subject operates upon order placement. 2011/03/15 16/29 The following credit cards are accepted: All credit cards. International sales terms: on credit for 120 days, 15.00% letter of credit, 16.65% cash on receipt, 14.69% Subject operates upon order placement. Keeps a portfolio of approximately 15800 customers, being 1800 customers per year. Accomplishes its sales through its controlled: Mariana Calçados e Tecidos Ltda., São Paulo, SP Nova Aliança Calçados e Traumas Ltda., FOREIGN STATE, Germany Its sales are directed: to supermarkets, wholesalers and distributors of the (ING) -médio, grandes e pequenas empresas. m mmmmmmmmmm mmmmmmm mmmmm mmmmmm mmmmmmm mmmmmm mmmmmm. segment, 10.00%. Sales conditions: credit sales for 10-35 days, credit, in advance, 25%. to foreign market of the (ING) -médio, grandes e pequenas empresas. m mmmmmmmmmm mmmmmmm mmmmm mmmmmm mmmmmmm mmmmmm mmmmmm. segment, 15.00%. Sales conditions: credit sales for 120 days, credit, in advance, 20%. In the Country and considered a large scale company. Its local competition is normal. The high sales season begins in December: tax season season. Major Customers Sells mainly to: Name Location Percent Companhia Brasileira de Distribuição - Mercado de Extra e Hipermercado Nov Ltda. São Paulo, SP, Brazil 75.33% Sé Supermercados S/A. Brasília do Norte, DF, Brazil 9.77% C&A Modas Ltda. São Pedro de Alvorada, DF, Brazil 4.95% Purchasing Purchases from the following market(s): National: Belo Horizonte, MG (Ing - Leather), 10.00% Manaus de Lógicamente Menusame, AM (Calçado de couro pobre), 20.00% Salvador, BA (Eng - Calçado de couro nobre) Imports From: FOREIGN ST, Germany (Ing - Leather), 15.00% National purchase terms: on credit for 10-35 days, 35.66% cash, 25.89% International purchase terms: on credit for 10-35 days, 5.33% credit, 10.00% Special agreement, 25.00% Subject buys upon order placement. Purchases from 4500 suppliers. Purchase of its subsidiaries: Calçado de Couro Nobre & Cia. Ltda. mmmm mmmm mm m mm mmmmm mm mmm mmmm mm mm M., 45.66% Calçado de Couro Nobre & Cia. Ltda. mmmm mmmm mm m mm mmmmm mm mmm mmmm mm mm M., 31.99% Major Suppliers Purchases mainly from: 2011/03/15 17/29 Name Location Couro Nobre Materiais Nobres Cia. Ltda. SP, Brazil Artecola Indústrias Químicas Ltda. RS, Austria Henkel S/A SP, Cape Verde Islands Trombini Embalagens Ltda. Farroupilha, RS, Brazil Rhodia S/A. São Paulo, SP, Brazil Metalúrgica Simões Ltda SP, Brazil Tecelagem Hudtelfa Ltda. Nova Odessa, SP, Brazil Employees Employs: 25,666 1,200 in this location: 1,000 administrative employee 2,000 stewardesses May reach 21,000 employees. Subject has also subcontracted personnel. 1,400 trainer 1,200 non unionized employees Insurance Is insured through its parent. 01.01. - Insurance Comments - Inglês - . Free Text - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX -. Subject has the following insurance policy(ies): - - - - miscellaneous risks covering installations in general for an amount equal to BRL 100,000,000,000.00 with Bradesco Seguros S/A for a/an annual period, maturity date on Jul, 2011. fire and robbery risks covering buildings for an amount equal to BRL 98,768,756.00 with GBOEX-Confiança Cia. de Seguros for a/an annual period, maturity date on Sep 30, 2011. PROJECTS Projects Summary by Year 1.1. Ing- Free Text.-Linha encerrada incorporada, mas sem comentário final. Nova linha em encerrada incorporada, mas sem comentário final. Nova linha em encerrada incorporada, mas sem comentário final. Nova linha em encerrada incorporada, mas sem comentário final. Nova linha em encerrada incorporada 1.2. I Free Text. - Linha encerrada incorporada, mas sem comentário final. Nova linha em encerrada incorporada, mas sem comentário final. Nova linha em encerrada incorporada, mas sem comentário final. Nova linha em encerrada incorporada, mas sem comentário final. Nova linha em encerrada incorporada 1.3. I Free Text. - Linha encerrada incorporada, mas sem comentário final. Nova linha em encerrada incorporada, mas sem comentário final. Nova linha em encerrada incorporada, mas sem comentário final. Nova linha em encerrada incorporada, mas sem comentário final. Nova linha em encerrada incorporada Projects Completed Project: 2.1-E- WIP Description -Prédio Industrial com 04 apartamento por andar, na Avenida Maria Marcolina. Project Size: 12,000.33 square meters Location: São Paulo, FOREIGN STATE, Argentina Project Start Date: 2004 Project End Date: Nov 18, 2005 2011/03/15 18/29 Client: João da Construção e Materiais Ltda., Federal Government Project Value: BRL 912,650,000.55 Joint Venture Partner: Pedro Empreeiteira de Mão de Obra Ltda., Partner Participation: 49.66% Project Financer: Maria Financimentos e Investimentos Ltda. 2.1 - Eng - Free Text - Free Text - Free Text -Linha encerrada incorporada, mas sem comentário final. Nova linha em encerrada incorporada, mas sem comentário final. Nova linha em encerrada incorporada, mas sem comentário final. Nova linha encerrada. Project: 2.2-E WIP Description - Prédio Industrial com 04 apartamento por andar, na Avenida Maria Marcolina. Project Size: 1,200.33 cubic meters Location: Diadema, SP, Brazil Project Start Date: Oct, 2004 Project End Date: Nov, 2005 Client: Mariana dos Tijolos Materiais de Construção Ltda., Bank Project Value: BRL 999,321,654.98 Joint Venture Partner: Nova Mariana dos Tijolos Materiais de Construção Ltda. Partner Participation: 34.66% Project Financer: Gerusia Financiadora e Construtora Ltda., 2.2-E Free Text - Free Text - Free Text -Linha encerrada incorporada, mas sem comentário final. Nova linha em encerrada incorporada, mas sem comentário final. Nova linha em encerrada incorporada, mas sem comentário final. Nova linha encerrada incorp. Project: 2.3-E WIP Description - Prédio Industrial com 04 apartamento por andar, na Avenida Maria Marcolina. Project Size: 111,500.65 square meters Location: Cantaglo do Lisbopa, AC, Brazil Project Start Date: Jan 01, 2007 Project End Date: Oct 20, 2008 Client: Cabana do Modelo Brilhoso Novo Ltda., Pequena Empresa Project Value: BRL 250,000.65 2.3-E Free Text - Free Text - Free Text -Linha encerrada incorporada, mas sem comentário final. Nova linha em encerrada incorporada, mas sem comentário final. Nova linha em encerrada incorporada, mas sem comentário final. Nova linha encerrada incorp. Projects Underway Project: 3.1-E WIP Description-Prédio Industrial Armazém Industrial - Prédio Comercial Galpão Residêncial Project Size: 231,335,002.85 square meters Location: Santo André, SP, Brazil Project Start Date: Dec, 2003 Project End Date: Aug 14, 2006 Client: Samari Construções e Comércio Ltda. Project Value: BRL 999,200,522.33 Joint Venture Partner: Martinelli COnstruções e Comércio Ltda. Partner Participation: 50.65% Project Status: Active Percent Complete: 64.99% 3.1-E Free Text - Free Text - Free Text -LinhSamari Construções e Comércio Ltda.(Monte Feliz Terraplenagem e Plano Ltda.) Project: 3.2-E WIP Description-Prédio Industrial Armazém Industrial - Armazém Industrial Prédio Comercial Project Size: 123,652.23 square meters Location: São Januário de Pastos, RJ, Brazil 2011/03/15 19/29 Project Start Date: Jan 10, 2003 Project End Date: Nov, 2007 Client: Galpão Normal e Residêncial da Construção Ltda.,, Financier Project Value: BRL 999,654,123.65 Joint Venture Partner: Zafira Empreendimentos Imobiliários Ltda. Partner Participation: 10.7% Project Status: Active Percent Complete: 44.33% Project Financer: Banco Nova Modelo S/A. Financing Type: Payment & Fulfilment 3.2-E Free Text - Free Text - Free Text -LinhSamari Construções e Comér Armazém Industrial - Prédio Comercial - Galpão Residêncial.Armazém Industrial - Prédio Comercial - Galpão Residêncial. Armazém Industrial - Prédio Comercial - Galpão Residêncial. Project: 3.3-E WIP Description-Prédio Industrial Armazém Industrial - ArmazémPrédio Comercial e Residêncial Project Size: 18,102,002.33 meters Location: São Paulo, SP, Brazil Project Start Date: Apr, 2002 Project End Date: 2007 Client: Maná Materiais de Construção Piauí Ltda., Private Company Project Value: BRL 989,562,362.32 Joint Venture Partner: Merina Construções e Empreendimentos Ltda., Partner Participation: 75% Project Status: Active Percent Complete: 13.66% Project Financer: Medroso Financeira e Emprestimos Ltda Financing Type: Payment & Fulfilment 3.3-E Free Text - Free Text - Free Text -LinhSamari Construções e Comér Armazém Industrial - Prédio Comercial - Galpão Residêncial.Armazém Industrial - Prédio Comercial - Galpão Residêncial. Armazém Industrial - Prédio Comercial - Galpão Residêncial. - - - - LOCATION Branches Owned Facilities: The subject maintains 3 branch(es). Including: Name: Frigorifico / Tempestade / Maria Bonita Type: Administration office and store D-U-N-S: 89-977-2792 CNJP: 15.104.651/0005-90 Location: Rua Maria Paula Arruda, 112, AP. 54, Jabaquara, SP, FOREIGN STATE, 04308-000, Brazil Telephone(s): (011) 4444-1111 Facsimile(s): (011) 3333-2222 Built Area: 85,000.22 square meter(s) Built On: Plywood and wood and metal layers Land Area: 65,000.25 square meter(s) Property Value: BRL 1,000,000.22 (Estimated) Details: There are 179 employees in this location. Name: Divisão Lindoia - Franco Type: Freezing plant 2011/03/15 20/29 D-U-N-S: 89-652-6635 CNJP: 15.104.651/0005-90 Location: Estr. Vicinal Mario de Alcantara Mor, 25.652, Armazens Terrestres, Jacanga Muller, Centeio do Norte, CE, FOREIGN STATE, 08526-989, Brazil Telephone(s): (85) 2562-9898 Facsimile(s): (85) 2562-6598 Built Area: 15,652 square meter(s) Built On: Metal plate, concrete and metal coating Land Area: 35,652 square meter(s) Property Value: BRL 35,000,000 (Estimated) Details: There are 86 employees in this location. Name: Divisão Sucatas Type: General store D-U-N-S: 89-987-5895 CNJP: 15.104.651/0006-87 Location: Av. Libero da Assunção Maia, 2.100, Salas 20/30, LIndopolis, Cibreunas do Norte, FOREIGN STATE, FOREIGN STATE, 04308-888, Brazil Telephone(s): (58) 5548-8745 Facsimile(s): (58) 5487-8954 Built Area: 800 square meter(s) Built On: Concrete and granite Land Area: 1,500 square meter(s) Property Value: BRL 200,000 (Estimated) on Sep 09, 2010 Details: There are 100 employees in this location. 4.4. (ENG) Field of Free Text para testes, serve para comentários adicionais sobre o historico da empresa. Field of Free Text para testes, serve para comentários adicionais sobre o historico da emp. Not Owned Facilities: The subject maintains 3 branch(es). Including: Name: Divisão Maria de Testes - Norte Type: Private domicile D-U-N-S: 89-977-2792 CNJP: 01.223.524/0002-02 Location: Av. Maria Jose de Castro Filho Gue, 1.010, 2º andar, Paraiso, São Paulo, SP, FOREIGN STATE, 04308-000, Brazil Telephone(s): (011) 5423-6598 Facsimile(s): (011) 5423-6598 Built Area: 25,000.22 square meter(s) Built On: Concrete and veneer Land Area: 35,000.25 square meter(s) Monthly Rent: BRL 1,000,011.22 Details: Rented There are 555 employees in this location. 3.2. (E) Field of Free Text para testes, serve para comentários adicionais sobre o historico da empresa. Field of Free Text para testes, serve para comentários adicionais sobre o historico da empresa. Name: Casa Nova de Moraes Type: Plant D-U-N-S: 89-977-2795 CNJP: 15.104.651/0003-91 Location: Rua Muriaie Pantamares Filho, 1.726, Casa 2 - Terreo, Nova Mirantemar, AM, 2011/03/15 21/29 FOREIGN STATE, Brazil Telephone(s): (11) 2258-9856 Facsimile(s): (11) 2258-9856 Built Area: 50,000 square meter(s) Land Area: 600,000 square meter(s) Monthly Rent: BRL 1,200.33 Details: Leased 3.2. (E) Field of Free Text para testes, serve para comentários adicionais sobre o historico da empresa. Field of Free Text para testes, serve para comentários adicionais sobre o historico da emprFIM. Name: Maringa - Metais Type: Transmission plant D-U-N-S: 89-975-8855 CNJP: 15.104.651/0004-91 Location: Av. Lino Alves Correa, 1.562, Lote 09 - Setor ABC, Jacarandamirante, São José dos Almirantes, FOREIGN STATE, FOREIGN STATE, 04308-000, Brazil Telephone(s): (11) 5589-9856 Facsimile(s): (11) 2565-6985 Built Area: 1,562 square meter(s) Built On: Reinforced concrete and marble Land Area: 2,563 square meter(s) Monthly Rent: BRL 5,000 Details: Rented There are 50 employees in this location. 3.2. (E) Field of Free Text para testes, serve para comentários adicionais sobre o historico da empresa. Field of Free Text para testes, serve para comentários adicionais sobre o historico da emprFIM. Property Ownership The company also owns 5 real estate property(ies). Subject owns: Name: Lot of land Location: Av. Santo Amaro, 1.500, 2º andar, Santo Amaro, SP, FOREIGN STATE, Brazil Built Area: 375.13 square meters Built On: Concrete and reinforced concrete Land Area: 15,000.16 square meters Property Value: USD 150,000 (Estimated) on Nov 08, 2005 5.2. (ENG) Field of Free Text para testes, serve para comentários adicionais sobre o historico da empresa. Field of Free Text para testes, serve para comentários adicionais sobre o historico da FIM. Name: Lot of land Location: Estr. Maria Linda de Albuquerque, 25.652, Casa 03 - Lote 25, Marianópolis de Cambraia, Leonor de Queiroga, AP, FOREIGN STATE, Paraguay Built Area: 15,600 cubic meters Built On: Concrete Land Area: 36,500 alqueires do Par Property Value: BRL 5,000,000 (Estimated) 5.3. (E) Field of Free Text para testes, serve para comentários adicionais sobre o historico da empresa. Field of Free Text para testes, serve para comentários adicionais sobre o historico da empresa. Name: Farm Location: Estr. Norte Leste (Via Ferrea), s/nº, Lote 25 - Quadra ABC, Jardim Limitrenofe, PA, 2011/03/15 22/29 FOREIGN STATE, Netherlands Built Area: 1,500 square meters Built On: Veneer Land Area: 35,000 alqueires Property Value: BRL 7,000,000 (Estimated) 5.4. (E) Field of Free Text para testes, serve para comentários adicionais sobre o historico da empresa. Field of Free Text para testes, serve para comentários adicionais sobre o historico da empresa. Facilities Subject has facilities at caption address: Name: Administration office Built Area: 3,700.85 square meter(s) Built On: Steel and fiberglass Land Area: 1,800.56 square meter(s) Property Value: BRL 15,000,000 (Estimated) on Feb 01, 2007 Details: Own Did not present title of property Name: Administration office Built Area: 1,500 square meter(s) Built On: Granite, corrugated metal and metal coating Land Area: 2,500 square meter(s) Property Value: BRL 10,000 (Estimated) on Sep 09, 2010 Monthly Rent: BRL 8,000, maturing on Sep 09, 2012 Owner: Director Novo Modelo de Contrução Ltda. Details: Rented 2.2. Field of Free Text para testes, serve para comentários adicionais sobre o historico da empresa. Field of Free Text para testes, serve para comentários adicionais sobre o historico da empresa.Fiel 2011/03/15 23/29 - - - - FINANCIAL INFORMATION Comparatives (USD) CURRENT ASSETS FIXED ASSETS Dec 31, 2007 Single Units USD Dec 31, 2008 Single Units USD % VAR Dec 31, 2009 Single Units USD 4,206,443,056 221,384,226 % VAR 5,615,240,915 33 8,984,005,316 60 278,823,885 26 320,531,534 15 Total Assets 4,427,827,282 5,910,267,842 33 9,304,536,851 57 CURRENT LIABILITIES 1,920,457,000 3,058,278,466 59 2,908,569,316 -5 TOTAL LONG TERM LIABILITIES 334,336,808 341,178,526 2 NET WORTH OR TOTAL EQUITY 2,173,033,475 2,510,810,850 16 6,395,967,534 106,495,629,744 191,259,542,077 80 279,379,594,200 46 19,810,415,897 42,014,351,530 112 61,890,139,800 47 Net Sales Gross Income -100 155 Net Income 4,737,012,260 8,671,060,427 83 30,193,598,218 248 Working Capital 2,285,986,056 2,556,962,449 12 6,075,436,000 138 %VAR = PERCENTAGE OF GROWTH FROM YEAR TO YEAR Balance Sheet (USD) Assets Dec 31, 2009 Single Units USD Cash Amount 1,104,693,454 Accounts Receiveable 3,785,083,368 Inventory 2,226,084,529 Marketable Security Amount Notes Receivable Amount Prepaid Expenses Amount 10,226,448 638,848,563 -23,478,701 Other Liabilities 1,242,547,655 CURRENT ASSETS 8,984,005,316 Real Estate Amount 320,531,534 FIXED ASSETS 320,531,534 TOTAL ASSETS Liabilities Suppliers Owing Banks Fiscal Obligations Accounts Payable 9,304,536,851 Dec 31, 2009 Single Units USD 2,191,794,966 75,796,713 575,605,339 65,372,299 CURRENT LIABILITIES 2,908,569,316 Capital 6,395,967,534 NET WORTH OR TOTAL EQUITY TOTAL LIABILITIES AND CAPITAL 6,395,967,534 9,304,536,851 Profit & Loss (USD) Dec 31, 2009 Single Units USD Gross Sales 372,433,663,750 2011/03/15 24/29 Deductions -93,054,069,550 Net Sales 279,379,594,200 Cost of Goods Sold Gross Income Sales Expenses Administrative Expenses -217,489,454,400 61,890,139,800 -435,000,000 -17,557,412,500 Financial Expenses -9,850,774,450 Financial Revenue 12,525,746,800 Other Oper. Expenses/Revenue -1,967,955,050 Partial Oper. Income 44,604,744,600 Net Operating Income 44,604,744,600 Non Operating Income Pre-Tax Income Income Tax Provision Net Income Working Capital -37,811,500 51,226,359,885 -21,032,761,667 30,193,598,218 6,075,436,000 Comparatives (BRL) Individual Dec 31, 2009 Single Units BRL CURRENT ASSETS FIXED ASSETS Total Assets CURRENT LIABILITIES NET WORTH OR TOTAL EQUITY 15.632.169.250 557.724.870 16.189.894.120 5.060.910.610 11.128.983.510 Net Sales 558.759.188.400 Gross Income 123.780.279.600 Net Income 52.536.860.900 Working Capital 10.571.258.640 Balance Sheet (BRL) Assets Individual Dec 31, 2009 Single Units BRL Cash Amount 1.922.166.610 Accounts Receiveable 6.586.045.060 Inventory 3.873.387.080 Marketable Security Amount 17.794.020 Notes Receivable Amount 1.111.596.500 Prepaid Expenses Amount -40.852.940 Other Liabilities CURRENT ASSETS Real Estate Amount FIXED ASSETS TOTAL ASSETS 2.162.032.920 15.632.169.250 557.724.870 557.724.870 16.189.894.120 Liabilities Individual Dec 31, 2009 Single Units BRL Suppliers 3.813.723.240 Owing Banks 131.886.280 Fiscal Obligations 1.001.553.290 Accounts Payable 113.747.800 2011/03/15 25/29 CURRENT LIABILITIES Capital NET WORTH OR TOTAL EQUITY TOTAL LIABILITIES AND CAPITAL 5.060.910.610 11.128.983.510 11.128.983.510 16.189.894.120 Profit & Loss (BRL) Individual From Jan 01, 2009 to Dec 31, 2009 Single Units BRL Gross Sales 744.867.327.500 Deductions -186.108.139.100 Net Sales Cost of Goods Sold Gross Income Sales Expenses 558.759.188.400 -434.978.908.800 123.780.279.600 -870.000.000 Administrative Expenses -35.114.825.000 Financial Expenses -19.701.548.900 Financial Revenue 25.051.493.600 Other Oper. Expenses/Revenue -3.935.910.100 Partial Oper. Income 89.209.489.200 Net Operating Income 89.209.489.200 Non Operating Income Pre-Tax Income Income Tax Provision -75.623.000 89.133.866.200 -36.597.005.300 Net Income 52.536.860.900 Working Capital 10.571.258.640 Ratios (USD) Dec 31, 2009 LIQUIDITY RATIOS Current Ratio 3.09 Quick Ratio 2.32 General Liquidity 3.09 Short Term Debt-to-Equity 45.48 Debt-to-Equity 45.48 EFFICIENCY RATIOS Collection Period Asset Turnover Inventory Turnover Fixed Worth 4.88 30.03 125.50 5.01 PROFITABILITY RATIOS Gross Margin 22.15 Operating Margin 15.97 Return on Sales 10.81 Return on Assets 324.50 Return on Net Worth 472.07 Estimated/Partial Financial Statements 1.1. Field of Free Text - Inglês. - Free Text - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - 2011/03/15 26/29 XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX - XXXX XXXX - XXXX - XXXX - X For the last 12 months, subject reported a total estimated gross revenue of BRL 55,000,000,000. Subject opted for an assumed profit basis. Refer to the attached financial statement(s) analysis of Dec 31, 2009; Dec 31, 2008 and Dec 31, 2007. Please see below the financial figures extracted from Trial Balance/Balance for the period from Jan 01, 2010 to Jun 30, 2010 (BRL): Assets Assets Receivable 19,543.00 Factual Asset 19,916.00 Liabilities / Shareholders Equity Deposits 2,708.00 Current Liabilities 936.00 Capital & Reserves 16,272.00 Income Statement Year's Income -83.00 Please see below financial figures extracted from B/S closed on 2002, 2001 and 2000. Accounts of ........ (R$) 12/31/2002 .... (R$) 12/31/2001 .... (R$) 12/31/2000 Receivables ............ 825,533,000 ...... 3,030,713,000 ........ 313,160,000 Informed average annual purchasing is BRL 700,000,000.00 Monthly Purchase Month Year JAN 2010 Monthly Purchase 1,000,111.00 BRL FEB 2010 1,000,222.00 BRL MAR 2010 1,000,333.00 BRL APR 2010 2,000,444.44 BRL Subject also Estimated that the average semester sales is BRL 25,250,000.00. Monthly Sales Month Year - - - - Monthly Sales SEP 2010 2,000,111.00 BRL OCT 2010 2,000,222.00 BRL NOV 2010 2,000,333.00 BRL DEC 2010 3,000,444.44 BRL CONCLUSION Financial Analysis On Dec 31, 2009, the Working Capital was USD 6,075,436,000.00 , the General Liquidity Ratio was 3.09 and the Current Ratio was 3.09. Subject's Own Working Capital (Net Worth - Fixed Assets) was USD 6,075,436,000.00. 2011/03/15 27/29 Current Assets was USD 8,984,005,316.09. Current Liabilities was USD 2,908,569,316.09. General Debt Ratio was 45.48%. Fixed Assets was USD 320,531,534.48. Gross Margin (Gross Result/Net Sales) was 22.15%. Operating Margin (Operating Result/Net Sales) was 15.97%. Profit Margin (Net Profit/Net Sales) was 10.81%. The most recent Balance Sheet shows a Profit. In comparison to the previous year, Net Worth changed by 154.74%. Net Sales for the above period changed by 46.07% when compared to the same period in the previous year. Net Profit for the above period changed by 248.21% when compared to the same period in the previous year. 1 - Financial statement accounts are expressed in USD equivalent. 2 - The accounting method used in the elaboration of each financial statement is the Corporate Legislation method and treated in the following manner: Balance Sheet accounts were converted to USD using the official USD rate as of the closing of the statement. Profit & Loss statement accounts from Gross Sales to Non Op. Result were converted using the arithmetic mean of the twelve months official USD rates for the period. Others accounts to Net Income were converted to USD using the official USD rate as of the closing of the statement. 3 - The financial statement submitted with the closing date of Dec 31, 2010 are treated as follows: Balance Sheet accounts and Profit & Loss statement are converted to USD using the official USD rate as of the closing of the statement. Official Dollar Rates: Dec. Dec. Dec. Dec. Dec. 31, 31, 31, 31, 31, 2006: 2007: 2008: 2009: 2010: USD USD USD USD USD 1.00 1.00 1.00 1.00 1.00 = = = = = BRL BRL BRL BRL BRL 2.14; 1.77; 2.34; 1.74; 1.66 2011/03/15 28/29 - - - - APPENDICES Customer Service Should you require any further information or have any questions, please contact your local Customer Service Centre. Brazilian subscribers please contact: Dun & Bradstreet do Brasil Ltda. Avenida Bernardino de Campos, 98 - 2° andar Paraíso - São Paulo - SP - Brazil CEP: 04004-040 Tel: 55 11 2107-6800 Fax: 55 11 2107-6802 Email: [email protected] Website: www.dnb.com/br www.dnbbra.com.br Enquiries should always contain the below minimum details please: Full Company Name Full Headquarters Address Telephone Number Business Identification Number Contact Name Reference Order Date D&B Rating Glossary The following ratings are available for businesses in Brazil: D&B Rating - The D&B® Rating in Brazil consists of 2 parts, the Financial Strength Indicator and the Risk Indicator. The Financial Strength Indicator is based on Net Worth of a current fiscal balance sheet. The table below contains the values for the D&B Rating in Brazil. Financial Strength Indicator Range USD Composition of Credit Risk Net Worth From To Strong Good Fair Poor 5A 50,000,000 And above 1 2 3 4 4A 10,000,000 49,999,999 1 2 3 4 3A 1,500,000 9,999,999 1 2 3 4 2A 750,000 1,499,999 1 2 3 4 1A 375,000 749,999 1 2 3 4 A 188,000 374,999 1 2 3 4 B 94,000 187,999 2 3 4 C 47,000 93,999 2 3 4 D 24,000 46,999 2 3 4 E 12,000 23,999 2 3 4 F 6,000 11,999 2 3 4 G 0 5,999 2 3 4 O Balance Sheet not available. Credit Risk Condition Risk Indicator Interpretation 2011/03/15 29/29 1 Strong Minimum Risk Grant Credit - offer more enlarged terms if necessary 2 Good Risk Low Grant Credit 3 Fair Slightly bigger than the average Risk Grant Credit, but monitored 4 Poor Meaningful Risk Examine each case before granting credit, get more market information, and analyze other suppliers. Ask for assurance if necessary due to the high risk. S Credit Risk By the business nature, do not sign risk level Companies that do not request credit in their normal activities (Banks, Brokerages, Insurance Co., Schools, Associations, Government, etc...) - Undetermined Unknown Risk Insufficient Information An "S" Risk Indicator is only assigned in conjunction with a Financial Strenght Indicator (e.g. 5A S, 4A S, F S, O S) Risk Indicator - Used in conjunction with the Financial Strength Indicator. The Risk Indicator reflects D&B's opinion of the risk associated with trading with a specific business, notably the likelihood of business continuance or failure over the next 12 months. Alternate Ratings Used -- No information available NB New Business: Less than 30 months BR Local Branch FB Foreign Branch NQ Out of Business: Business has ceased to trade N4 Negative Net Worth Confidentiality CONFIDENTIAL THIS INFORMATION IS PROVIDED BY DUN & BRADSTREET SUBJECT TO THE TERMS AND CONDITIONS OF YOUR SUBSCRIPTION CONTRACT AND IS NOT TO BE DISCLOSED. © Rights Reserved 2005 Dun & Bradstreet. All Rights Reserved as per the contract signed between D&B and its customer. This report, which is authorized for the exclusive use of the D&B Customer, through a contract, and is to be used as an instrument of one of several tools to help make a business decision., It contains information compiled from different sources on which D&B has no control and have not been verified unless otherwise specified in this report. Dun & Bradstreet does not assume any of the user's business risks; does not guarantee the accuracy, integrity and timeliness of the information and shall not be liable in tort, contract or otherwise for any loss, damage or injury resulting from the use of this information, even if caused by Dun & Bradstreet's negligence. COPYRIGHT © 2005 DUN & BRADSTREET. THIS REPORT MAY NOT BE REPRODUCED IN WHOLE OR IN PART IN ANY FORM OR MANNER WHATSOEVER. 2011/03/15