Formulário de Referência de 2016


































































































































































































































































































































































2.3 OUTRAS INFORMAÇÕES RELEVANTES AUDITORES
Em atenção ao disposto no artigo 31 da Instrução CVM 308, de 14 de maio de 1999, que prevê a rotatividade dos
auditores independentes a cada período de 05 (cinco) anos de prestação ininterrupta de serviços a um mesmo cliente, a
Companhia efetuou a substituição da empresa de auditoria independente Moore Stephens Lima Lucchesi Auditores
Independentes pela Crowe Horvath Auditores Independentes, com efeitos a partir de maio de 2016. Ainda que a
contratação desses serviços de auditoria independente esteja condicionada a uma renovação anual, a expectativa inicial
considera poder contar com a Crowe Horvath Auditores Independentes até o exercício de 2021, ocasião em que novo
rodízio de auditores deverá ser realizado.
















































Do lucro líquido do exercício, 5% serão aplicados, antes de qualquer outra destinação, na constituição da reserva legal, que
não excederá 20% do capital social.

Conforme estatuto social em seu artigo 28, parágrafo 2º, é assegurado aos acionistas o direito de recebimento de um
dividendo anual obrigatório e não cumulativo de, pelo menos 5% do lucro líquido ajustado do exercício.

A periodicidade é anual, porém há autorização estatutária para que a Companhia distribua dividendos intermediários ou
antecipados, que caso distribuídos, poderão ser imputados aos dividendos mínimos obrigatórios.



Nos termos do artigo 202, parágrafo 4º, da Lei das Sociedades por Ações, o dividendo mínimo não será obrigatório no
exercício em que os órgãos da administração informarem à Assembleia Geral ser incompatível com a situação financeira
da Companhia. Repisamos a ressalva indicada no item B supra conforme parágrafo único do Artigo 8º.


















































Em 2013 a Companhia encerrou com lucro líquido de R$ 30.549, e não houve dividendos declarados.
Em 2014 a Companhia encerrou com lucro líquido de R$ 923.020, e não houve dividendos declarados.
Em 2015 a Companhia encerrou com lucro líquido de R$ 2.790.665, e não houve dividendos declarados.











 














 
























Os profissionais da Securitizadora já participaram de 36 emissões na Habitasec, sendo que a Companhia realizou 1 (uma)
emissão em 2010, 2 (duas) emissões em 2011, em 2012 realizou 6 (seis) emissões, em 2013 realizou 9 (nove) emissões, em
2014 realizou 6 emissões e em 2015 realizou 12 novas emissões de CRI. Os profissionais também realizaram diversas
emissões em outras securitizadoras anteriormente.
O sucesso da Companhia depende em larga escala da sua alta administração e não é possível garantir que terá sucesso em
atrair e manter pessoal qualificado para manter sua posição competitiva, entretanto, possui diversos mecanismos para
estimular a retenção dos profissionais.
Sua equipe é formada por profissionais experientes em securitizações comerciais, securitizações residenciais e na compra
de carteiras e análise de crédito, com ampla experiência no mercado financeiro, permitindo uma rápida tomada de decisão e
agilidade de negociação. Possui sólida gestão de carteiras de modo a minimizar riscos de inadimplência/perdas e
proporcionar bom nível de informação aos investidores, além de facilitar novos negócios com os investidores.

A companhia pertence a quatro acionistas, sendo que mais de 50% das ações pertencem a um único acionista.

Os quatro acionistas da Companhia possuem longo histórico profissional em diversas
empresas do setor financeiro.

A Emissora não possui controladas e/ou coligadas.

A Companhia conta com o serviço de uma série de fornecedores especializados, tais como:empresa de auditoria, agente
fiduciário, banco escriturador e liquidante, empresa de avaliação de imóveis e fiscalização de obras, entre outros.
Eventualmente, tais empresas poderão não atender a prazos solicitados, alterar de forma relevante o valor cobrado por seus
serviços ou deixar de atuar no mercado. Porém, dada a oferta de prestadores especializados nesses serviços, a emissora não
detém relação de dependência direta com nenhum deles.

Os clientes poderão não conseguir negociar os CRIs adquiridos, por limitações na liquidez deste tipo de ativo, que não
conta com garantia de recompra por parte do emissor,apresentam prazos longos de amortização e sofrem com a
concorrência de outros títulos,como os títulos públicos e as debêntures privadas.
Outro aspecto importante está ligado à legislação tributária brasileira que sofre frequentes alterações. Atualmente, as
pessoas físicas contam com isenção de IR sobre rendimentos de CRIs, porém possíveis alterações futuras na legislação do
IR poderão reduzir a rentabilidade dos investidores.

A securitização de créditos imobiliários é uma operação recente no Brasil. A Lei nº 9514 de 1997 que instituiu, entre outras
coisas, o SFI (Sistema Financeiro Imobiliário) e os CRIs (Certificados de Recebíveis Imobiliários ) foi editada em 20 de
novembro de 1997, data recente para fins legais.
Em função disso, existem poucos precedentes judiciais sobre o tema, podendo gerar insegurança jurídica e riscos para a
atividade da emissora.






Escassez de regulação: a securitização de créditos imobiliários foi instituída por meio da Lei 9514/97 e desde então, por
meio de algumas instruções e normas emitidas por órgãos reguladores, especialmente a CVM, esta atividade vem sendo
disciplinada. No entanto, há a possibilidade de que regulamentações adicionais surjam, afetando a atuação da emissora.

A Emissora não atua em países estrangeiros.

Dado que a Emissora atua exclusivamente com títulos lastreados em créditos imobiliários, razão pela qual sua performance
depende do compromisso permanente dos empresários (incorporadores e loteadores dos empreendimentos vinculados às
operações de crédito) de adotar um comportamento ético e contribuir para o desenvolvimento econômico, melhorando,
simultaneamente, a qualidade de vida dos seus empregados e de suas famílias, da comunidade local e da sociedade como
um todo, com o restrito cumprimento e observância de externalidades provenientes dos reguladores formais e informais da
área de desenvolvimento imobiliário como: Prefeitura, Ministério Público, Ibama (órgão federal de controle ambiental),
Cetesb, INEA, Fepam, etc. (órgãos estaduais), associações de bairro, ONGs, clientes, imprensa, concorrentes etc. Eventual
descumprimento que não permita uma saudável coexistência do binômio sociedade-natureza, pode gerar impactos no setor
e consequentemente no valor de marcado dos créditos lastro e pode também afetar os investidores em Certificados de
Recebíveis Imobiliários, na medida em que tal situação pode afetar negativamente os créditos imobiliários e o fluxo do
lastro.







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
 






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



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

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



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



4.3 PROCESSOS NÃO SIGILOSOS RELEVANTES
Descrevemos os processos judiciais, administrativos e arbitrais em que a Companhia ou suas controladas são partes, e
que sejam relevantes para os seus negócios e não estão sob sigilo, quais sejam:
a. Ações Trabalhistas A Companhia não é parte em nenhum processo relevante de natureza trabalhista.
b. Ações Tributárias A companhia não é parte em nenhum processo relevante de natureza tributária.
c. Ações Cíveis A companhia não é parte em nenhum processo relevantes de natureza cível.





 





































4.7 OUTRAS CONTIGÊNCIAS RELEVANTES
NÃO HÁ.












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








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              
 

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

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

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

              

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

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
               
  

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                


         








                







 
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              









                







 

              



















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


              
             



                

              
               
               

           
 
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                  
        


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               
              







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






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

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








) a emissão e colocação, no
mercado financeiro, de certificados de recebíveis imobiliátips, (CRIs), podendo emitir outros títulos de crédito, realizar
negócios e prestar serviços compatíveis com as suas atividades, nos termos da Lei n° 9.514, de 20 de novembro
1997,conforme alterada, e outras disposições legais aplicáveis, (iii) a prestação de serviços de gestão e administração de
créditos imobiliários e valores mobiliários próprios ou de terceiros, de Patrimônio Separado de CRI, e ainda, prestação de
serviço de consultoria imobiliária para fundos de investimentos; (iv) a aquisição e a alienação de títulos de crédito
imobiliários, (v) a emissão, distribuição, recompra, revenda ou resgate de valores mobiliários de sua própria emissão nos
mercados financeiro \ e de capitais, (vi) a prestação de serviços envolvendo a estruturação de operações ~ I Vj de
securitização próprias e de terceiros, (vii) a realizaçã.o de operações nos \ I mercados de derivativos visando a cobertura
d~ riscos, (viii) a prestação de-1 garantias para os valores mobiliários emitidos pela Companhia, (ix) a gestão de fundos e
recursos próprios e de terceiros: e (x) a emissão e colocação, no mercado 7 financeiro, de certificados de recebíveis do
agronegócio (CRAs) e de outros titulos e valores mobiliários lastreados em créditos originários do agronegócio, bem como





 

 
 










 

 
 










 






7 ATIVIDADES DO EMISSOR
7.5 EFEITOS DA REGULAÇÃO ESTATAL
7.5.a. necessidade de autorizações governamentais para o exercício das atividades e histórico de relação com a
administração pública para obtenção de tais autorizações
A CVM é o órgão responsável pelo registro para atividade da Companhia no que diz respeito ao mercado de valores
mobiliários, sendo a autarquia competente para regulamentar, desenvolver, controlar e fiscalizar esse mercado, em
estrita observância à Lei do Mercado de Capitais e à Lei das Sociedades por Ações. Compete à CVM, dentre outras
atividades, regulamentar a fiscalização e inspeção das companhias abertas, a negociação e intermediação nos mercados
de valores mobiliários e de derivativos, a organização, funcionamento e operação das bolsas de valores e das bolsas de
mercadorias e futuros, a administração e custódia de valores mobiliários e, ainda, a regulação e supervisão dos fundos
financeiros e de investimentos.
Neste sentido, após a regularização societária da Companhia, este obteve devidamente seu registro de emissor junto à
CVM.
7.5.b. política ambiental do emissor e custos incorridos para o cumprimento da regulação ambiental e, se for o caso,
de outras práticas ambientais, inclusive a adesão a padrões internacionais de proteção ambiental
Ainda que a Companhia não tenha formalizada uma política de responsabilidade socioambiental, em sua atividade e
gestão prioriza o compromisso com a ética nos negócios e com o desenvolvimento sustentável, além de incentivar
fornecedores, parceiros e
clientes a adotar posturas responsáveis, que promovam o crescimento social, o resgate da cidadania e o respeito ao meio
ambiente.
7.5.c. dependência de patentes, marcas, licenças, concessões, franquias, contratos de royalties relevantes para o
desenvolvimento das atividadesNão há dependência relevante de patentes, marcas, licenças, concessões, franquias, contratos de royalties para o
desenvolvimento das atividades no fluxo normal dos negócios.




 






 






 







 






 
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





 








 







  







 
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 






 

 



 
 





































 






  





























a. Resultados das operações do emissor,

em especial
i. Descrição de quaisquer componentes A receita bruta de serviços refere-se
a serviços de estruturação, gestão de CRI e
importantes da receita
Spread.
ii. Fatores que afetaram materialmente os
Não se aplica
resultados operacionais








 




a. Introdução ou alienação de segmento operacional
Não há
Constituição, aquisição ou alienação de participação
b.
Não há
societária.
c. Eventos ou operações não usuais
Não há






 

 





  





 

             







 
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              





 
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              





 
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              





 
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              






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
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
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
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






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
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
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







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



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
               

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
                 





 
  



             


             
               






               


               







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

            


         





   



              

               



                

             
 
               










          






              

              

Parágrafo Único. A remuneração dos membros do Conselho Fiscal será estabelecida pela Assembléia Geral de Acionistas
que os eleger, observado o disposto no artigo 162, parágrafo 30, da Lei n° 6.404/76.
Não temos acordo de acionistas.




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



Devem ser convocadas com um prazo de antecedência de 15 dias para primeira convocação e de 8 dias para a a segunda
convocação, nos termos do artigo 9º do Estatuto Social da Companhia .
Compete privativamente à assembleia deliberar e aprovar as matérias elencadas no artigo 15 do Estatuto Social da
Companhia, sem prejuízo dos demais assuntos autorizados pela legislação vigente.
Os documentos relativos à assembleia geral estarão à disposição dos acionistas para análise no site da Companhia
www.habitasec.com.br
Os conflitos de interesses são identificados e administrados pelo Conselho de Administração
Caso o exercício do direito de voto for realizado por procurador, a administração da Companhia solicita que o
instrumento procuratório atenda aos requisitos legais e seja previamente entregue
Os comentários e pautas de assembleia devem ser enviados por meio eletrônico, preferencialmente.
Não há transmissão ao vivo do vídeo e/ou do áudio das assembleias, elas sempre ocorreram de forma presencial
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







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              






  














































































































































































































 
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

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




 
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





  
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































































































































































































 

 

Conselho de
Administração
2015
Diretoria
Estatutária
Conselho
fiscal
Numero de Membros
1
2
0
Valor do Bônus
R$
-
R$
87.500,00
R$
-
Valor Mínimo previsto no plano de remuneração
R$
-
R$
-
R$
-
Valor Máximo previsto no plano de remuneração
R$
-
R$
2.000.000,00
R$
-
Valor previsto no plano de remuneração caso as
metas estabelecidas fossem atingidas
R$
-
R$
-
R$
-
Valor efetivamente reconhecido no resultado dos
ultimos 3 exercícios sociais
R$
-
R$
-
R$
-
Participação no resultado
R$
-
R$
-
R$
-
Valor Mínimo previsto no plano de remuneração
R$
-
R$
-
R$
-
Valor Máximo previsto no plano de remuneração
R$
-
R$
-
R$
-
Valor previsto no plano de remuneração caso as
metas estabelecidas fossem atingidas
R$
-
R$
-
R$
-
Valor efetivamente reconhecido no resultado dos
ultimos 3 exercícios sociais
R$
-
R$
-
R$
-





 

 


A Companhia não possui um plano de remuneração baseado em ações do conselho de administração e diretoria
estatutária.





 

 


A Companhia não possui um plano de remuneração baseado em ações reconhecida no resultado dos 3 últimos
exercícios.





 

 


O Conselho de Administração e a diretoria da Companhia não possuem opções em aberto.





 

 

Não foram exercidas opções.





 

 

Não aplicável, por conta da ausência de informações em relação aos itens 13.5 a 13.7.





 

  
Não existem ações, cotas ou outros valores mobiliários conversíveis em ações, emitidos pela Companhia.





 

  
Não há planos de previdência conferidos aos membros do Conselho de Administração e aos Diretores Estatutários da
Companhia.



























 

 
Não existem arranjos contratuais, apólices de seguros ou outros instrumentos que estruturem mecanismos de
remuneração ou indenização para os administradores em caso de destituição do cargo ou de aposentadoria.






A Companhia opta por não apresentar as informações contidas neste tópico por estar registrada na CATEGORIA B de
emissores, para os quais a divulgação é opcional.





 
Não se aplica.















 

  
a) A Companhia possui 3 funcionários.
b) A Companhia possui 1 serviço terceirizado.
c) Não há índice de rotatividade.




 

  
Não houveram alterações relevantes.




 

 


Política de salários e
remuneração variável
Salários compatíveis com o mercado e remuneração variável de acordo com o resultado
da empresa.
Política de benefícios
Benefícios de acordo com a convenção coletiva vigente
Características dos planos de
remuneração baseados em
Não existem planos de remuneração baseados em ações
ações




 

 
Não há histórico de greves, manifestações e/ou paralisações de trabalho, sendo que entendemos que nosso
relacionamento com todos os sindicatos aos quais somos afiliados é muito saudável. Segue o sindicato com que
mantemos relação e ao qual somos filiados: SINFAC.




 

  
Não há.

































































































































15.4 - ORGANOGRAMA DOS ACIONISTAS
Habitasec
Vicente
Postiga
Nogueira
Emilio
Carazzai
Rodrigo Faria
Estrada
Marcos R do
Valle
11,33%
7,78%
5,79%
75,10%





15 CONTROLE E GRUPO ACIONÁRIO
15-5 ACORDO DE ACIONISTAS
Não há acordos de acionistas atualmente vigentes dos quais os Acionistas Controladores da Companhia sejam
parte ou que estejam agrupados na sede social da Companhia.





15 CONTROLE E GRUPO ACIONÁRIO
15.6 ALTERAÇÕES REL PARTIC CONTROLE E ADM
Em relação aos últimos exercícios sociais, não foram realizadas alterações relevantes nas participações dos
membros de grupo de controle e administradores da Companhia.




15 CONTROLE E GRUPO ACIONÁRIO
15.7 PRINCIPAIS OPERAÇÕES SOCIETÁRIAS
Não houve alteração societária.




15 CONTROLE E GRUPO ACIONÁRIO
15.8 OUTRAS INFORMAÇÕES RELEVANTES
Não há.





16 TRANSAÇÕES COM PARTES RELACIONADAS
16.1 - REGRAS, POLITICAS E PRÁTICAS
Não se aplica.











NÃO SE APLICA




16 TRANSAÇÕES COM PARTES RELACIONADAS
16.4 - OUTRAS INFORMAÇÕES RELEVANTES
Não se aplica.














































 




















18 VALORES MOBILIÁRIOS
18.2 REGRAS ESTATUTÁRIAS QUE LIMITEM DIREITO DE VOTO
Não existem regras estatutárias que limitem o direito de voto de acionistas significativos.





18 VALORES MOBILIÁRIOS
18.3 SUSPENSÃO DE DIREITOS PATRIM/POLITICOS
Não existem exceções e cláusulas suspensivas relativas a direitos patrimoniais ou políticos
previsto no Estatuto Social da Companhia.













































































































 































 




































 



































 







































 


































 








































 

































 








































 




































 






































 


































 




































 


































 









































 



































 










































 





































































 
































 

































 

































 




































 



































 





































 

































 
































 







































 



































 





































 






























 






































 































 

































 































 






















NÃO SE APLICA











18 VALORES MOBILIÁRIOS
18.11 OFERTAS PÚBLICAS DE AQUISIÇÃO
A Companhia nunca realizou oferta pública de aquisição de ações de terceiros.




18 VALORES MOBILIÁRIOS
18.12 OUTRAS INFORMAÇÕES RELEVANTES
Não há.




















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
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
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
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
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
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

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
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

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
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
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


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
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




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























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


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

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

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
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
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


          
            


            
              

               


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
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

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            
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

              
    
              


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


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
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
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                       
               


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

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


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


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         

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
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        

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
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
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
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
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

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         


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
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        

          
       
      
            
        
          
       

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

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
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
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
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


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               

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



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            

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
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
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         
      


      

          
           
        





       



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        

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

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
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
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

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
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



       
       
       
      
      

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
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        

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
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        

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



      




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
          

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







       
      
        
       
 
   
          
      



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
       
       
      
      

         
        

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
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
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
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



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
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

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       

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

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
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
        

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
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

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        


            
           
       


        
           

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
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
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
      


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 
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

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

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
      
        





        
      
      
       
         

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



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

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


             
                
          
           


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             

               

            
  
          

           
         

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
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           
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

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
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
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
            

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
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

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

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

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
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
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             

            

            


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
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           
            
          
         
         
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         
          

             

                  
              

          
          
      
 
           
            

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

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

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
          
           
                    
          
          
             











                  

         

            
            
            
   

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
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           

            
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

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
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



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
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
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
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
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
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
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
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
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
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
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           
            
            
         

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
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          
           
                
            
           
           
           
           
          

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

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

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
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
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            

            

                 
           
          
              
          
           

          
            
           
           

             
             

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
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
  
  


                
          
            

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

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

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
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
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            

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
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
           

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
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           


           
                 

              


            

            
                 

           
          
         

           
            

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

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

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


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
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
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          
 

  

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 

 





           
          
           

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
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

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

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
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
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
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


          
            

             
            
              

               


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
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

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

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
              
    
              


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                       
               


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


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

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
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
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
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

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
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

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
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




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
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




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

















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


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

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

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
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
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
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


          
            

             
            
              

               


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
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

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


              
    
              


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


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
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
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
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                       
               


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

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


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


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         

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
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        

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
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
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
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
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

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         


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
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        

          
       
      
            
        
          
       

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

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

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
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
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


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           

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       

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
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
      

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         

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            
     
      
       

      
       
        
         
      
       
         



      
     



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
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          
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
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
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
 
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
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
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 
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


       
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       
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       
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      
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      
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
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

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



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
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
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        
      
        
          

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     
     
       
      
        
       
     
          
      
    
       
       
      
      

         
        
     

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




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


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
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      

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      

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        

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
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       


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
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


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     
          

         

       
       
         




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
       
           

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
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
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
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
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
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

      
        





        
      
      
       
         

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

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

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
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
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

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
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
 

            


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
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            
         
                      
           
            

               
           

           
         
           

             

            
          
            
         

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

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

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
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
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


   
        


           
           


            
      
               
         
             
            


          
           
                    

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

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

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
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
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
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
            
             

                     
           


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            


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
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


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
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

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
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
             

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         
              
         

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

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

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
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
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
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           
             
           
            
         


           

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
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
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
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
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

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
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

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
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
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
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
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

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

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

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
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
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

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
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

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
            
           


          
            

         
   


         
         
             
            
             


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

  
  


          

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


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
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
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
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              

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
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             

          
           
          
             

         
          
           

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
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             
                  
          

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
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

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

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
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
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
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
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

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
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
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
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          
           

              

            



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
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







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
