MIRA INFORM REPORT

Report Date :

16.02.2011

IDENTIFICATION DETAILS

Correct Name :	MARCEGAGLIA - S.P.A
Registered Office :	Via Dei Bresciani, 16, 46040 - Gazoldo degli Ippolitin (MN)
Country :	Italy
Financials (as on) :	31.12.2009
Date of Incorporation :	27.06.1983
Com. Reg. No.:	MN030-9565 since 19/02/1996
Legal Form :	Joint Stock Company
Line of Business :	Manufacturer of soldered tubes and pipes and similars

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	250.000 Eur
Status :	Good
Payment Behaviour :	No Complaints
Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – June 30, 2010

Country Name	Previous Rating (01.04.2010)	Current Rating (30.06.2010)
Italy	a2	a2

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company name & address

Marcegaglia - S.p.a

Via Dei Bresciani,16

46040- Gazoldo degli Ippoliti (MN) -IT-

Summary

Fiscal Code	:	01331020204
Legal Form	:	Joint stock company
start of Activities	:	01/01/1984
Equity	:	Over 2.582.254 Eur
Number of Employees	:	more than 1500

Credit Analysis

Credit Opinion

:

250.000 - Eur

Activity

Metallurgy

Manufacture of soldered tubes and pipes and similars

Forging, drawing, stamping and roll-forming of metal; powder metallu

rgy

Legal Data

Legal Form : Joint stock company

Fiscal Code : 01331020204

Foreign Trade Reg. no. : MN002948 since 27/12/1991

Foreign Trade Reg. no. : 2948 of Mantova since 27/12/1991

Chamber of Commerce no. : 203837 of Alessandria

Chamber of Commerce no. : 226594 of Alessandria

Chamber of Commerce no. : 69019 of Asti

Chamber of Commerce no. : 97629 of Asti

Chamber of Commerce no. : 217780 of Bergamo

Chamber of Commerce no. : 313123 of Bergamo

Chamber of Commerce no. : 457888 of Bologna

Chamber of Commerce no. : 191658 of Como

Chamber of Commerce no. : 113610 of Cremona

Chamber of Commerce no. : 187317 of Catania

Chamber of Commerce no. : 439083 of Firenze

Chamber of Commerce no. : 212493 of Forli'

Chamber of Commerce no. : 191658 of Lecco

Chamber of Commerce no. : 288437 of Lecco

Chamber of Commerce no. : 97001 of Latina

Chamber of Commerce no. : 1382257 of Milano

Chamber of Commerce no. : 1576842 of Milano

Chamber of Commerce no. : 152396 of Mantova since 13/10/1983

Chamber of Commerce no. : 262922 of Modena

Chamber of Commerce no. : 306934 of Padova

Chamber of Commerce no. : 88291 of Pordenone

Chamber of Commerce no. : 439083 of Prato

Chamber of Commerce no. : 177189 of Parma

Chamber of Commerce no. : 109437 of Ravenna

Chamber of Commerce no. : 240436 of Salerno

Chamber of Commerce no. : 146969 of Taranto

Chamber of Commerce no. : 92309 of Teramo

Chamber of Commerce no. : 170480 of Udine

Chamber of Commerce no. : 249789 of Udine

Chamber of Commerce no. : 209498 of Varese

Chamber of Commerce no. : 263708 of Varese

Chamber of Commerce no. : 175505 of Vicenza

Chamber of Commerce no. : 319505 of Vicenza

Chamber of Commerce no. : 190295 of Verona

Firms' Register : MN030-9565 since 19/02/1996

V.A.T. Code : 01331020204

Foundation date	: 27/06/1983
Establishment date	: 27/06/1983
Start of Activities	: 01/01/1984
Legal duration	: 31/12/2050
Nominal Capital	: 58.876.440	Eur
Subscribed Capital	: 58.876.440	Eur
Paid up Capital	: 58.876.440	Eur

Members

Formaglio

Lorenzo

Born in Saronno

(VA)

on 29/11/1967

- Fiscal Code : FRMLNZ67S29I441A

Residence :

Via

Sedicesima Strada

, 19

- 20020

Cesate

(MI)

- IT -

Position	Since	Shares Amount	% Ownership
Attorney with special power	31/05/2000

No Protests registered

Ceresetti

Enrico

Born in Pisogne

(BS)

on 30/03/1950

Residence :

Piazza

Aldo Moro

, 1

- 25055

Pisogne

(BS)

- IT -

Position	Since	Shares Amount	% Ownership
Attorney with special power	09/12/1996

No Protests registered

Ferrari

Roberto

Born in Milano

(MI)

on 31/10/1961

- Fiscal Code : FRRRRT61R31F205C

Residence :

Via

De Gasperi

, 20

- 26010

Robecco d'Oglio

(CR)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	30/07/1996

No Protests registered

Marcegaglia

Steno

Born in San Giovanni Ilarione

(VR)

on 09/08/1930

- Fiscal Code : MRCSTN30M09H916T

Residence :

Via

G. Marconi

, 174

- 46040

Gazoldo degli Ippoliti

(MN)

- IT -

Position	Since	Shares Amount	% Ownership
Managing Director	29/06/2010
Director	29/06/2010
Board Chairman	29/06/2010

No Protests registered

Bazzani

Palmira

Born in Piadena

(CR)

on 08/03/1938

- Fiscal Code : BZZPMR38C48G536W

Residence :

Via

Marconi

, 174

- 46040

Gazoldo degli Ippoliti

(MN)

- IT -

Position	Since	Shares Amount	% Ownership
Managing Director	29/06/2010
Director	29/06/2010

No Protests registered

Marcegaglia

Antonio

Born in Mantova

(MN)

on 12/12/1963

- Fiscal Code : MRCNTN63T12E897L

Residence :

Via

Marconi

, 174

- 46040

Gazoldo degli Ippoliti

(MN)

- IT -

Position	Since	Shares Amount	% Ownership
Managing Director	29/06/2010
Director	29/06/2010

No Protests registered

Marcegaglia

Emma

Born in Mantova

(MN)

on 24/12/1965

- Fiscal Code : MRCMME65T64E897Q

Residence :

Via

Bresciani

, 16

- 46040

Gazoldo degli Ippoliti

(MN)

- IT -

Position	Since	Shares Amount	% Ownership
Managing Director	29/06/2010
Director	29/06/2010

No Protests registered

Galli

Ezio Ercole

Born in Acquasparta

(TR)

on 02/04/1947

- Fiscal Code : GLLZCL47D02A045N

Residence :

Via

Colle

, 27/A

- 05021

Acquasparta

(TR)

- IT -

Position	Since	Shares Amount	% Ownership
Attorney with special power	22/04/2003

No Protests registered

Favero

Fabio

Born in Padova

(PD)

on 13/05/1967

- Fiscal Code : FVRFBA67E13G224E

Residence :

Via

Rizzo

, 6

- 35100

Padova

(PD)

- IT -

Position	Since	Shares Amount	% Ownership
Attorney with special power	25/03/1999

No Protests registered

Pistore

Pierluigi

Born in Albignasego

(PD)

on 03/09/1953

- Fiscal Code : PSTPLG53P03A161O

Residence :

Via

Dell'ontano

, 3/62

- 20090

Rodano

(MI)

- IT -

Position	Since	Shares Amount	% Ownership
Attorney with special power	31/07/2006

No Protests registered

Zini

Stefano

Born in Treviglio

(BG)

on 13/03/1980

- Fiscal Code : ZNISFN80C13L400W

Residence :

Via

Monteverdi

, 1

- 26035

Pieve San Giacomo

(CR)

- IT -

Position	Since	Shares Amount	% Ownership
Attorney with special power	05/06/2008

No Protests registered

Gavina

Gabriele

Born in Milano

(MI)

on 20/03/1959

- Fiscal Code : GVNGRL59C20F205E

Residence :

Via

Dell'ontano

, 3/105

- 20090

Rodano

(MI)

- IT -

Position	Since	Shares Amount	% Ownership
Attorney with special power	23/12/1998

No Protests registered

Casiraghi

Lucio

Born in Monza

(MB)

on 22/12/1953

- Fiscal Code : CSRLCU53T22F704F

Residence :

Via

Xxv Aprile

, 83

- 20050

Lesmo

(MB)

- IT -

Position	Since	Shares Amount	% Ownership
Attorney with special power	21/02/2000

No Protests registered

Giol

Luciano

Born in Tradate

(VA)

on 10/04/1958

- Fiscal Code : GLILCN58D10L319O

Residence :

Via

Verdi

, 25

- 24040

Boltiere

(BG)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	03/04/2003

No Protests registered

Fiorini

Aldo

Born in Mantova

(MN)

on 03/09/1974

- Fiscal Code : FRNLDA74P03E897S

Residence :

Via

80 Fanteria

, 12

- 46040

Rodigo

(MN)

- IT -

Position	Since	Shares Amount	% Ownership
Attorney with special power	10/02/2009

No Protests registered

Rosatti

Mauro

Born in Colleferro

(RM)

on 19/07/1975

- Fiscal Code : RSTMRA75L19C858X

Residence :

Via

San Bosco

, 7

- 45100

Rovigo

(RO)

- IT -

Position	Since	Shares Amount	% Ownership
Attorney with special power	10/05/2010

No Protests registered

Romano

Giovanni

Born in Napoli

(NA)

on 10/04/1975

- Fiscal Code : RMNGNN75D10F839C

Residence :

Viale

Della Rimembranza

, 40

- 15067

Novi Ligure

(AL)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	10/02/2010

No Protests registered

Saccone

Vito

Born in Centuripe

(EN)

on 11/01/1951

- Fiscal Code : SCCVTI51A11C471S

Residence :

Via

Carlo Maina

, 19

- 10046

Poirino

(TO)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	12/02/2010

No Protests registered

Bonacina

Lorenzo

Born in Vaprio d'Adda

(MI)

on 27/06/1970

- Fiscal Code : BNCLNZ70H27L667U

Residence :

Via

Martiri Di Cefalonia E Corfu'

, 44

- 24045

Fara Gera d'Adda

(BG)

- IT -

Position	Since	Shares Amount	% Ownership
Attorney with special power	14/12/2009

No Protests registered

Cecchin

Sergio

Born in Bassano del Grappa

(VI)

on 30/03/1956

- Fiscal Code : CCCSRG56C30A703S

Residence :

Villaggio

Europa

, 310/A

- 36061

Bassano del Grappa

(VI)

- IT -

Position	Since	Shares Amount	% Ownership
Attorney with special power	18/12/2009

No Protests registered

Fasoli

Fabio Agostino

Born in Massa Martana

(PG)

on 20/01/1943

- Fiscal Code : FSLFGS43A20F024C

Residence :

Via

Dante Ricci

, 34

- 05021

Acquasparta

(TR)

- IT -

Position	Since	Shares Amount	% Ownership
Attorney with special power	04/12/2009

No Protests registered

Companies connected to members *

*checkings have been performed on a national scale.

In this module are listed the companies in which members hold or have holded positions.

FORMAGLIO

LORENZO

Firm's Style	Seat	Fiscal Code	Position	Position Status	Firm's Status
BROLLO PROFILATI S.P.A.	Desio (MI) - IT -	00792100158	Managing Director	Withdrawn	Ceased
BROLLO PROFILATI S.P.A.	Desio (MI) - IT -	00792100158	Director	Withdrawn	Ceased
IMMOBILIARE AURORA S.A.S. DI BROLLO ANNAMARIA E C. - IN LIQUIDAZIONE	Saronno (VA) - IT -	01962290126	Limited Partner	Withdrawn	Ceased
ISOPAN S.P.A.	Verona (VR) - IT -	02528470152	Director	Withdrawn	Registered
MARCEGAGLIA BUILDING SOCIETA' PER AZIONI, IN FORMA ABBREVIATA MARCEGAGLIA BUILDI	Gazoldo degli Ippoliti (MN) - IT -	01040490391	Attorney with special power	Withdrawn	Ceased
MARCEGAGLIA BUILDTECH S.R.L.	Milano (MI) - IT -	03779410376	Procurator	Active	Registered

MARCEGAGLIA

STENO

Firm's Style	Seat	Fiscal Code	Position	Position Status	Firm's Status
AIDA S.P.A.	Villafranca di Verona (VR) - IT -	03272350236	Director	Withdrawn	Registered
AL - CLUB - S.R.L.	Gazoldo degli Ippoliti (MN) - IT -	01515870200	Sole Director	Withdrawn	Ceased
ALBARELLA - SOCIETA' PER AZIONI O, IN FORMA ABBREVIATA, ALBARELLA S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	00071270292	Director	Active	Registered
ALBARELLA - SOCIETA' PER AZIONI O, IN FORMA ABBREVIATA, ALBARELLA S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	00071270292	Managing Director	Withdrawn	Registered
ALBARELLA - SOCIETA' PER AZIONI O, IN FORMA ABBREVIATA, ALBARELLA S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	00071270292	Board Chairman	Active	Registered
ALBARSPORT HOTEL S.R.L.	Rosolina (RO) - IT -	00071290290	Chairman	Withdrawn	Registered
ALLU'S S.P.A.	Sesto Al Reghena (PN) - IT -	06194590011	Managing Director	Active	Registered
ALLU'S S.P.A.	Sesto Al Reghena (PN) - IT -	06194590011	Director	Active	Registered
ALLU'S S.P.A.	Sesto Al Reghena (PN) - IT -	06194590011	Board Chairman	Active	Registered
ALMAR S.R.L.	Rosolina (RO) - IT -	00815580295	Chairman	Withdrawn	Ceased
ALMAR S.R.L.	Rosolina (RO) - IT -	00815580295	Managing Director	Withdrawn	Ceased
ARENDI S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	02078830201	Director	Active	Registered
ARENDI S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	02078830201	Board Chairman	Active	Registered
BANCA AGRICOLA MANTOVANA - S.P.A.	Mantova (MN) - IT -	00141280206	Director	Withdrawn	Ceased
BANCA AGRICOLA MANTOVANA S.P.A. IN BREVE BAM S.P.A. OVVERO B.A.M. S.P.A.	Mantova (MN) - IT -	02017160207	Director	Withdrawn	Registered
BANCA AGRICOLA MANTOVANA S.P.A. IN BREVE BAM S.P.A. OVVERO B.A.M. S.P.A.	Mantova (MN) - IT -	02017160207	Assistant board Chairman	Withdrawn	Registered
BROLLO PROFILATI S.P.A.	Desio (MI) - IT -	00792100158	Managing Director	Withdrawn	Ceased
BROLLO PROFILATI S.P.A.	Desio (MI) - IT -	00792100158	Director	Withdrawn	Ceased
BROLLO PROFILATI S.P.A.	Desio (MI) - IT -	00792100158	Chairman and Managing Director	Withdrawn	Ceased
BROLLO PROFILATI S.P.A.	Desio (MI) - IT -	00792100158	Board Chairman	Withdrawn	Ceased
BVB SOCIETA' A RESPONSABILITA' LIMITATA O, IN FORMA ABBREVIATA BVB S.R.L.	San Lorenzo in Campo (PS) - IT -	01100620416	Director	Withdrawn	Registered
C.C.T. CALDERERIA COSTRUZIONI TERMOMECCANICHE S.R.L.	Gazoldo degli Ippoliti (MN) - IT -	01555600202	Chairman	Withdrawn	Ceased
C.C.T. CALDERERIA COSTRUZIONI TERMOMECCANICHE S.R.L.	Gazoldo degli Ippoliti (MN) - IT -	01555600202	Sole Director	Withdrawn	Ceased
C.C.T. CALDERERIA COSTRUZIONI TERMOMECCANICHE S.R.L.	Gazoldo degli Ippoliti (MN) - IT -	01555600202	Board Chairman	Withdrawn	Ceased
CONSORZIO STUDI E SVILUPPO GRUPPO MARCEGAGLIA	Gazoldo degli Ippoliti (MN) - IT -	01580030201	Chairman	Withdrawn	Ceased
E.T.A.- EURO TUBI ACCIAIO SPA	Milano (MI) - IT -	10919750157	Director	Withdrawn	Ceased
EUROMOB SRL	Milano (MI) - IT -	09763650158	Board Chairman	Withdrawn	Ceased
FINGAIANA S.R.L.	Genova (GE) - IT -	03274150105	Director	Withdrawn	Registered
FINGEM - S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	01477080202	Chairman	Withdrawn	Ceased
FINGEM - S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	01477080202	Managing Director	Withdrawn	Ceased
FINGEM - S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	01477080202	Director	Withdrawn	Ceased
FINGEN - S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	01206980201	Chairman	Withdrawn	Ceased
GABETTI PROPERTY SOLUTIONS S.P.A.	Milano (MI) - IT -	81019220029	Director	Active	Registered
GABETTI PROPERTY SOLUTIONS S.P.A.	Milano (MI) - IT -	81019220029	Assistant board Chairman	Withdrawn	Registered
GAIA TURISMO S.R.L.	Milano (MI) - IT -	05774780968	Managing Director	Active	Registered
GAIA TURISMO S.R.L.	Milano (MI) - IT -	05774780968	Director	Active	Registered
I.M.A.T. S.P.A.	Fontanafredda (PN) - IT -	00074650938	Managing Director	Active	Registered
I.M.A.T. S.P.A.	Fontanafredda (PN) - IT -	00074650938	Director	Active	Registered
I.M.A.T. S.P.A.	Fontanafredda (PN) - IT -	00074650938	Board Chairman	Active	Registered
I.M.M.O. DI MARCEGAGLIA - S.P.A. E C. S.A.S.	Gazoldo degli Ippoliti (MN) - IT -	01299910206	Limited Partner	Withdrawn	Ceased
I.P.A.S. INDUSTRIA PROFILAZIONE ACCIAIO STAMPAGGIO- S.P.A.-	Volta Mantovana (MN) - IT -	00105800205	Chairman	Withdrawn	Ceased
ILMA - S.R.L.	Genova (GE) - IT -	03225900103	Director	Withdrawn	Ceased
ILMA - S.R.L.	Genova (GE) - IT -	03225900103	Sole Director	Withdrawn	Ceased
ILMA - S.R.L.	Genova (GE) - IT -	03225900103	Board Chairman	Withdrawn	Ceased
IMACES INDUSTRIE MANTOVANE E CREMONESI ASSOCIATE PER L'ESPORTAZIONE S.R.L.	Mantova (MN) - IT -	00388560203	Chairman	Withdrawn	Ceased
IMMOBILIARE PADANA DI BAZZANI GIUSEPPINA E C. S.A.S.	Santo Stefano Ticino (MI) - IT -	06722340152	Director	Withdrawn	Ceased
IMMOBILIARE PADANA DI BAZZANI GIUSEPPINA E C. S.A.S.	Santo Stefano Ticino (MI) - IT -	06722340152	General Partner	Withdrawn	Ceased
IMMOBILIARE PADANA DI BAZZANI GIUSEPPINA E C. S.A.S.	Santo Stefano Ticino (MI) - IT -	06722340152	Limited Partner	Withdrawn	Ceased
INIZIATIVA S.R.L.	Zola Predosa (BO) - IT -	01515500203	Chairman	Withdrawn	Ceased
INIZIATIVA S.R.L.	Zola Predosa (BO) - IT -	01515500203	Director	Withdrawn	Ceased
INIZIATIVA S.R.L.	Zola Predosa (BO) - IT -	01515500203	Managing Director	Withdrawn	Ceased
INIZIATIVA S.R.L.	Zola Predosa (BO) - IT -	01515500203	Board Chairman	Withdrawn	Ceased
INTERMONTE SIM S.P.A. SIGLABILE ANCHE COME INTERMONTE - SOCIETA' DI INTERMEDIAZ	Milano (MI) - IT -	01234020525	Director	Active	Registered
INTERMONTE SIM S.P.A. SIGLABILE ANCHE COME INTERMONTE - SOCIETA' DI INTERMEDIAZ	Milano (MI) - IT -	01234020525	Board Chairman	Active	Registered
LA GAIANA - S.P.A.	Genova (GE) - IT -	00278770102	Director	Withdrawn	Ceased
LA GAIANA - S.P.A.	Genova (GE) - IT -	00278770102	Board Chairman	Withdrawn	Ceased
LOMBARDA TUBI S.P.A.	Lomagna (CO) - IT -	00231230137	Chairman	Withdrawn	Ceased
LOMBARDA TUBI S.P.A.	Lomagna (CO) - IT -	00231230137	Managing Director	Withdrawn	Ceased
MARCEGAGLIA - TRUBO-IMPEX S.R.L. - IN LIQUIDAZIONE	Gazoldo degli Ippoliti (MN) - IT -	00910540392	Chairman	Withdrawn	Liquidated
MARCEGAGLIA - TRUBO-IMPEX S.R.L. - IN LIQUIDAZIONE	Gazoldo degli Ippoliti (MN) - IT -	00910540392	Judicial liquidator	Withdrawn	Liquidated
MARCEGAGLIA - TRUBO-IMPEX S.R.L. - IN LIQUIDAZIONE	Gazoldo degli Ippoliti (MN) - IT -	00910540392	Legal Owners' representative	Withdrawn	Liquidated
MARCEGAGLIA BUILDING SOCIETA' PER AZIONI, IN FORMA ABBREVIATA MARCEGAGLIA BUILDI	Gazoldo degli Ippoliti (MN) - IT -	01040490391	Chairman	Withdrawn	Ceased
MARCEGAGLIA BUILDING SOCIETA' PER AZIONI, IN FORMA ABBREVIATA MARCEGAGLIA BUILDI	Gazoldo degli Ippoliti (MN) - IT -	01040490391	Managing Director	Withdrawn	Ceased
MARCEGAGLIA BUILDING SOCIETA' PER AZIONI, IN FORMA ABBREVIATA MARCEGAGLIA BUILDI	Gazoldo degli Ippoliti (MN) - IT -	01040490391	Director	Withdrawn	Ceased
MARCEGAGLIA BUILDING SOCIETA' PER AZIONI, IN FORMA ABBREVIATA MARCEGAGLIA BUILDI	Gazoldo degli Ippoliti (MN) - IT -	01040490391	Director	Withdrawn	Ceased
MARCEGAGLIA BUILDING SOCIETA' PER AZIONI, IN FORMA ABBREVIATA MARCEGAGLIA BUILDI	Gazoldo degli Ippoliti (MN) - IT -	01040490391	Board Chairman	Withdrawn	Ceased
MARCEGAGLIA BUILDTECH S.R.L.	Milano (MI) - IT -	03779410376	Managing Director	Withdrawn	Registered
MARCEGAGLIA BUILDTECH S.R.L.	Milano (MI) - IT -	03779410376	Director	Withdrawn	Registered
MARCEGAGLIA BUILDTECH S.R.L.	Milano (MI) - IT -	03779410376	Board Chairman	Withdrawn	Registered
MARCEGAGLIA ENERGY SOCIETA' A RESPONSABILITA' LIMITATA O, IN FORMA ABBREVIATA M	Gazoldo degli Ippoliti (MN) - IT -	01610480202	Chairman	Withdrawn	Registered
MARCEGAGLIA ENERGY SOCIETA' A RESPONSABILITA' LIMITATA O, IN FORMA ABBREVIATA M	Gazoldo degli Ippoliti (MN) - IT -	01610480202	Director	Withdrawn	Registered
MARCEGAGLIA ENERGY SOCIETA' A RESPONSABILITA' LIMITATA O, IN FORMA ABBREVIATA M	Gazoldo degli Ippoliti (MN) - IT -	01610480202	Sole Director	Withdrawn	Registered
MARCEGAGLIA FINANZIARIA - S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	01534930209	Liquidator	Withdrawn	Ceased
MARCEGAGLIA FUTURES-SOCIETA' PER AZIONI O, IN FORMA ABBREVIATA: MARCEGAGLIA FUTU	Gazoldo degli Ippoliti (MN) - IT -	01533010201	Chairman	Withdrawn	Registered
MARCEGAGLIA FUTURES-SOCIETA' PER AZIONI O, IN FORMA ABBREVIATA: MARCEGAGLIA FUTU	Gazoldo degli Ippoliti (MN) - IT -	01533010201	Managing Director	Withdrawn	Registered
MARCEGAGLIA FUTURES-SOCIETA' PER AZIONI O, IN FORMA ABBREVIATA: MARCEGAGLIA FUTU	Gazoldo degli Ippoliti (MN) - IT -	01533010201	Director	Withdrawn	Registered
MARCEGAGLIA FUTURES-SOCIETA' PER AZIONI O, IN FORMA ABBREVIATA: MARCEGAGLIA FUTU	Gazoldo degli Ippoliti (MN) - IT -	01533010201	Board Chairman	Withdrawn	Registered
MARCEGAGLIA TARANTO S.P.A.	Lainate (MI) - IT -	01851590206	Managing Director	Withdrawn	Registered
MARCEGAGLIA TARANTO S.P.A.	Lainate (MI) - IT -	01851590206	Director	Withdrawn	Registered
MARFIN SOCIETA' A RESPONSABILITA' LIMITATA O, IN FORMA ABBREVIATA MARFIN S.R.L.	Gazoldo degli Ippoliti (MN) - IT -	01477070203	Sole Director	Active	Registered
METALLURGICA MARCEGAGLIA S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	00246070205	Chairman	Withdrawn	Ceased
MPS INTERMONTE S.P.A. SIGLABILE ANCHE MPS INTERMONTE	Siena (SI) - IT -	06817880013	Director	Withdrawn	Registered
MPS INTERMONTE S.P.A. SIGLABILE ANCHE MPS INTERMONTE	Siena (SI) - IT -	06817880013	Board Chairman	Withdrawn	Registered
NUOVA*OMEC S.R.L.	Ozzano dell'Emilia (BO) - IT -	01219110374	Chairman	Withdrawn	Ceased
O.M.F. OFFICINE MECCANICHE FIUME VENETO SOCIETA' A RESPONSABILITA'	Gazoldo degli Ippoliti (MN) - IT -	01048670390	Sole Director	Withdrawn	Ceased
O.M.F. OFFICINE MECCANICHE FIUME VENETO SOCIETA' A RESPONSABILITA'	Gazoldo degli Ippoliti (MN) - IT -	01048670390	Liquidator	Withdrawn	Ceased
O.M.F. OFFICINE MECCANICHE FIUME VENETO SOCIETA' A RESPONSABILITA'	Gazoldo degli Ippoliti (MN) - IT -	01048670390	Legal Owners' representative	Withdrawn	Ceased
ORSOGRIL - S.P.A.	Anzano del Parco (CO) - IT -	00220530133	Assistant board Chairman	Withdrawn	Registered
OTO MILLS - SOCIETA' PER AZIONI O, IN FORMA ABBREVIATA, OTO MILLS S.P.A.	Boretto (RE) - IT -	00908590359	Managing Director	Active	Registered
OTO MILLS - SOCIETA' PER AZIONI O, IN FORMA ABBREVIATA, OTO MILLS S.P.A.	Boretto (RE) - IT -	00908590359	Director	Active	Registered
OTO MILLS - SOCIETA' PER AZIONI O, IN FORMA ABBREVIATA, OTO MILLS S.P.A.	Boretto (RE) - IT -	00908590359	Assistant board Chairman	Withdrawn	Registered
OTO MILLS - SOCIETA' PER AZIONI O, IN FORMA ABBREVIATA, OTO MILLS S.P.A.	Boretto (RE) - IT -	00908590359	Board Chairman	Active	Registered
PADANA IMMOBILIARE S.P.A.	Mantova (MN) - IT -	01726260209	Director	Withdrawn	Ceased
PADANA IMMOBILIARE S.P.A.	Mantova (MN) - IT -	01726260209	Board Chairman	Withdrawn	Ceased
PONTEGGI DALMINE SPA	Milano (MI) - IT -	00928670157	Director	Withdrawn	Ceased
PONTEGGI DALMINE SPA	Milano (MI) - IT -	00928670157	Board Chairman	Withdrawn	Ceased
PROFILNASTRO - SOCIETA' PER AZIONI	Dusino San Michele (AT) - IT -	00072110059	Managing Director	Withdrawn	Ceased
PROFILNASTRO - SOCIETA' PER AZIONI	Dusino San Michele (AT) - IT -	00072110059	Director	Withdrawn	Ceased
PROFILNASTRO - SOCIETA' PER AZIONI	Dusino San Michele (AT) - IT -	00072110059	Chairman and Managing Director	Withdrawn	Ceased
PROFILNASTRO - SOCIETA' PER AZIONI	Dusino San Michele (AT) - IT -	00072110059	Board Chairman	Withdrawn	Ceased
PUGNOCHIUSO GRUPPO MARCEGAGLIA - S.R.L.	Gazoldo degli Ippoliti (MN) - IT -	01944440203	Director	Active	Registered
PUGNOCHIUSO GRUPPO MARCEGAGLIA - S.R.L.	Gazoldo degli Ippoliti (MN) - IT -	01944440203	Board Chairman	Active	Registered
RENOVA S.R.L.	Roma (RM) - IT -	02574130122	Sole partner	Withdrawn	Ceased
S.C.A.I S.R.L.	Rosolina (RO) - IT -	00042900290	Chairman	Withdrawn	Registered
S.I.M. - SOCIETA' ITALIANA MARMITTE S.R.L. IN FORMA ABBREVIATA SIM S.R.L.	Teramo (TE) - IT -	00696290675	Director	Withdrawn	Registered
S.I.M. - SOCIETA' ITALIANA MARMITTE S.R.L. IN FORMA ABBREVIATA SIM S.R.L.	Teramo (TE) - IT -	00696290675	Board Chairman	Withdrawn	Registered
SAINT- GOBAIN LMC S.R.L.	Milano (MI) - IT -	01048660391	Director	Withdrawn	Registered
SAINT- GOBAIN LMC S.R.L.	Milano (MI) - IT -	01048660391	Sole Director	Withdrawn	Registered
SAOM - BOLTIERE S.P.A.	Boltiere (BG) - IT -	00221900160	Chairman	Withdrawn	Ceased
SAOM - BOLTIERE S.P.A.	Boltiere (BG) - IT -	00221900160	Managing Director	Withdrawn	Ceased
SIDERFACTOR S.P.A.	Milano (MI) - IT -	04158610966	Director	Active	Registered
SIDERFACTOR S.P.A.	Milano (MI) - IT -	04158610966	Board Chairman	Active	Registered
SIRIO-FIN S.R.L.	Rosolina (RO) - IT -	00907050298	Sole Director	Withdrawn	Ceased
SO.GE.P.A. - SOCIETA' GENERALE DI PARTECIPAZIONI AZIONARIE S.P.A.	Budrio (BO) - IT -	03981930377	Chairman	Withdrawn	Ceased
SO.GE.P.A. - SOCIETA' GENERALE DI PARTECIPAZIONI AZIONARIE S.P.A.	Budrio (BO) - IT -	03981930377	Liquidator	Withdrawn	Ceased
SOCIETA' AGRICOLA ZOOTECNICA DI SBARRA PIERO EMILIO E C. - S.A.S.	Ceresara (MN) - IT -	00405360207	Limited Partner	Active	Registered
TRISIDER SOCIETA' PER AZIONI O IN FORMA ABBREVIATA TRISIDER S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	00329200240	Director	Withdrawn	Ceased
TRISIDER SOCIETA' PER AZIONI O IN FORMA ABBREVIATA TRISIDER S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	00329200240	Sole Director	Withdrawn	Ceased
TUBI ACCIAIO S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	01206990200	Chairman	Withdrawn	Ceased

BAZZANI

PALMIRA

Firm's Style	Seat	Fiscal Code	Position	Position Status	Firm's Status
ALBARELLA - SOCIETA' PER AZIONI O, IN FORMA ABBREVIATA, ALBARELLA S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	00071270292	Managing Director	Withdrawn	Registered
ALBARELLA - SOCIETA' PER AZIONI O, IN FORMA ABBREVIATA, ALBARELLA S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	00071270292	Director	Withdrawn	Registered
ALBARELLA - SOCIETA' PER AZIONI O, IN FORMA ABBREVIATA, ALBARELLA S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	00071270292	Managing Director	Withdrawn	Registered
ALMAR S.R.L.	Rosolina (RO) - IT -	00815580295	Managing Director	Withdrawn	Ceased
FINGEM - S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	01477080202	Managing Director	Withdrawn	Ceased
FINGEM - S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	01477080202	Director	Withdrawn	Ceased
FINGEN - S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	01206980201	Procurator	Withdrawn	Ceased
GAIA TURISMO S.R.L.	Milano (MI) - IT -	05774780968	Managing Director	Active	Registered
GAIA TURISMO S.R.L.	Milano (MI) - IT -	05774780968	Director	Active	Registered
I.M.A.T. S.P.A.	Fontanafredda (PN) - IT -	00074650938	Director	Active	Registered
I.P.A.S. INDUSTRIA PROFILAZIONE ACCIAIO STAMPAGGIO- S.P.A.-	Volta Mantovana (MN) - IT -	00105800205	Procurator	Withdrawn	Ceased
IMMOBILIARE PADANA DI BAZZANI GIUSEPPINA E C. S.A.S.	Santo Stefano Ticino (MI) - IT -	06722340152	Limited Partner	Withdrawn	Ceased
LOMBARDA TUBI S.P.A.	Lomagna (CO) - IT -	00231230137	Managing Director	Withdrawn	Ceased
MARCEGAGLIA BUILDING SOCIETA' PER AZIONI, IN FORMA ABBREVIATA MARCEGAGLIA BUILDI	Gazoldo degli Ippoliti (MN) - IT -	01040490391	Director	Withdrawn	Ceased
MARCEGAGLIA BUILDTECH S.R.L.	Milano (MI) - IT -	03779410376	Director	Active	Registered
METALLURGICA MARCEGAGLIA S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	00246070205	Procurator	Withdrawn	Ceased
OTO MILLS - SOCIETA' PER AZIONI O, IN FORMA ABBREVIATA, OTO MILLS S.P.A.	Boretto (RE) - IT -	00908590359	Director	Active	Registered
PONTEGGI DALMINE SPA	Milano (MI) - IT -	00928670157	Managing Director	Withdrawn	Ceased
PONTEGGI DALMINE SPA	Milano (MI) - IT -	00928670157	Director	Withdrawn	Ceased
PROFILNASTRO - SOCIETA' PER AZIONI	Dusino San Michele (AT) - IT -	00072110059	Managing Director	Withdrawn	Ceased
PROFILNASTRO - SOCIETA' PER AZIONI	Dusino San Michele (AT) - IT -	00072110059	Director	Withdrawn	Ceased
PUGNOCHIUSO GRUPPO MARCEGAGLIA - S.R.L.	Gazoldo degli Ippoliti (MN) - IT -	01944440203	Director	Withdrawn	Registered
SAOM - BOLTIERE S.P.A.	Boltiere (BG) - IT -	00221900160	Managing Director	Withdrawn	Ceased
TUBI ACCIAIO S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	01206990200	Procurator	Withdrawn	Ceased

MARCEGAGLIA

ANTONIO

Firm's Style	Seat	Fiscal Code	Position	Position Status	Firm's Status
A.S.Q. AMBIENTE SICUREZZA QUALITA' S.R.L.	Modena (MO) - IT -	01773520208	Director	Withdrawn	Registered
ALBARELLA - SOCIETA' PER AZIONI O, IN FORMA ABBREVIATA, ALBARELLA S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	00071270292	Managing Director	Withdrawn	Registered
ALBARELLA - SOCIETA' PER AZIONI O, IN FORMA ABBREVIATA, ALBARELLA S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	00071270292	Director	Withdrawn	Registered
ALBARELLA - SOCIETA' PER AZIONI O, IN FORMA ABBREVIATA, ALBARELLA S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	00071270292	Managing Director	Withdrawn	Registered
ALBARSPORT HOTEL S.R.L.	Rosolina (RO) - IT -	00071290290	Managing Director	Withdrawn	Registered
ALLEVAMENTI ZOOTECNICI SOCIETA' AGRICOLA DI SBARRA PIERO EMILIO E C. S.S.	Ceresara (MN) - IT -	01797190202	Partner	Withdrawn	Registered
ALLEVAMENTI ZOOTECNICI SOCIETA' AGRICOLA DI SBARRA PIERO EMILIO E C. S.S.	Ceresara (MN) - IT -	01797190202	Partner	Active	Registered
ALLU'S - S.P.A..	Sesto Al Reghena (PN) - IT -	01221000936	Director	Withdrawn	Ceased
ALLU'S S.P.A.	Sesto Al Reghena (PN) - IT -	06194590011	Director	Withdrawn	Registered
ALMAR S.R.L.	Rosolina (RO) - IT -	00815580295	Managing Director	Withdrawn	Ceased
APPIA ENERGY S.R.L.	Massafra (TA) - IT -	02304890730	Director	Active	Registered
APPIA ENERGY S.R.L.	Massafra (TA) - IT -	02304890730	Managing Director	Withdrawn	Registered
APPIA ENERGY S.R.L.	Massafra (TA) - IT -	02304890730	Board Chairman	Withdrawn	Registered
ARENDI S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	02078830201	Director	Active	Registered
ARENDI S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	02078830201	Board Chairman	Withdrawn	Registered
BROLLO PROFILATI S.P.A.	Desio (MI) - IT -	00792100158	Director	Withdrawn	Ceased
BVB SOCIETA' A RESPONSABILITA' LIMITATA O, IN FORMA ABBREVIATA BVB S.R.L.	San Lorenzo in Campo (PS) - IT -	01100620416	Director	Withdrawn	Registered
C.C.T. CALDERERIA COSTRUZIONI TERMOMECCANICHE S.R.L.	Gazoldo degli Ippoliti (MN) - IT -	01555600202	Director	Withdrawn	Ceased
CONSORZIO MANTOVANO INTERAZIENDALE PER LA FORMAZIONE PROFESSIONA- LE	Gazoldo degli Ippoliti (MN) - IT -	01624810204	Chairman	Withdrawn	Registered
CONSORZIO STUDI E SVILUPPO GRUPPO MARCEGAGLIA	Gazoldo degli Ippoliti (MN) - IT -	01580030201	Director	Withdrawn	Ceased
DELNA S.P.A.	Brivio (LC) - IT -	00341940138	Director	Active	Registered
E.T.A. - ENERGIE TECNOLOGIE AMBIENTE SOCIETA' PER AZIONI (IN FORMA ABBREVIATA E	Crotone (KR) - IT -	10223350157	Managing Director	Withdrawn	Registered
E.T.A. - ENERGIE TECNOLOGIE AMBIENTE SOCIETA' PER AZIONI (IN FORMA ABBREVIATA E	Crotone (KR) - IT -	10223350157	Director	Active	Registered
E.T.A. - ENERGIE TECNOLOGIE AMBIENTE SOCIETA' PER AZIONI (IN FORMA ABBREVIATA E	Crotone (KR) - IT -	10223350157	Board Chairman	Withdrawn	Registered
E.T.A.- EURO TUBI ACCIAIO SPA	Milano (MI) - IT -	10919750157	Chairman	Withdrawn	Ceased
E.T.A.- EURO TUBI ACCIAIO SPA	Milano (MI) - IT -	10919750157	Director	Withdrawn	Ceased
E.T.A.- EURO TUBI ACCIAIO SPA	Milano (MI) - IT -	10919750157	Sole Director	Withdrawn	Ceased
ECO ENERGIA S.R.L.	Massafra (TA) - IT -	00413310723	Director	Active	Registered
ELET.CA SOCIETA' A RESPONSABILITA' LIMITATA O, IN FORMA ABBREVIATA ELET.CA S.R.	Gazoldo degli Ippoliti (MN) - IT -	01864180201	Director	Withdrawn	Registered
ELLE TRE S.R.L.	Sovizzo (VI) - IT -	01988880249	Managing Director	Withdrawn	Registered
ELLE TRE S.R.L.	Sovizzo (VI) - IT -	01988880249	Director	Active	Registered
EURO ENERGY DAUNIA -S.R.L.	Foggia (FG) - IT -	02343770711	Board Chairman	Withdrawn	Ceased
EUROENERGY GROUP S.R.L.	Lainate (MI) - IT -	01657620207	Director	Active	Registered
EUROENERGY GROUP S.R.L.	Lainate (MI) - IT -	01657620207	Board Chairman	Withdrawn	Registered
EUROENERGY RENOVA S.R.L.	Gazoldo degli Ippoliti (MN) - IT -	02018790200	Director	Active	Registered
EUROENERGY RENOVA S.R.L.	Gazoldo degli Ippoliti (MN) - IT -	02018790200	Sole Director	Withdrawn	Registered
FERGALLO SOCIETA' A RESPONSABILITA' LIMITATA O IN FORMA ABBREVIATA FER	Gazoldo degli Ippoliti (MN) - IT -	00421430208	Director	Withdrawn	Ceased
FINGEM - S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	01477080202	Director	Withdrawn	Ceased
FINGEN - S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	01206980201	Procurator	Withdrawn	Ceased
FINPADANA - S.R.L.	Gazoldo degli Ippoliti (MN) - IT -	01344950207	Sole Director	Withdrawn	Ceased
FUELCO UNO S.R.L.	Lainate (MI) - IT -	02593630128	Director	Withdrawn	Registered
FUELCO UNO S.R.L.	Lainate (MI) - IT -	02593630128	Board Chairman	Withdrawn	Registered
GAIA TURISMO S.R.L.	Milano (MI) - IT -	05774780968	Managing Director	Withdrawn	Registered
GAIA TURISMO S.R.L.	Milano (MI) - IT -	05774780968	Director	Active	Registered
I.M.A.T. S.P.A.	Fontanafredda (PN) - IT -	00074650938	Director	Active	Registered
I.P.A.S. INDUSTRIA PROFILAZIONE ACCIAIO STAMPAGGIO- S.P.A.-	Volta Mantovana (MN) - IT -	00105800205	Procurator	Withdrawn	Ceased
ILMA - S.R.L.	Genova (GE) - IT -	03225900103	Director	Withdrawn	Ceased
INIZIATIVA S.R.L.	Zola Predosa (BO) - IT -	01515500203	Director	Withdrawn	Ceased
INIZIATIVA S.R.L.	Zola Predosa (BO) - IT -	01515500203	Sole Director	Withdrawn	Ceased
LOMBARDA TUBI S.P.A.	Lomagna (CO) - IT -	00231230137	Managing Director	Withdrawn	Ceased
MARCEGAGLIA BUILDTECH S.R.L.	Milano (MI) - IT -	03779410376	Director	Withdrawn	Registered
MARCEGAGLIA ENERGY SOCIETA' A RESPONSABILITA' LIMITATA O, IN FORMA ABBREVIATA M	Gazoldo degli Ippoliti (MN) - IT -	01610480202	Managing Director	Withdrawn	Registered
MARCEGAGLIA ENERGY SOCIETA' A RESPONSABILITA' LIMITATA O, IN FORMA ABBREVIATA M	Gazoldo degli Ippoliti (MN) - IT -	01610480202	Director	Withdrawn	Registered
MARCEGAGLIA FUTURES-SOCIETA' PER AZIONI O, IN FORMA ABBREVIATA: MARCEGAGLIA FUTU	Gazoldo degli Ippoliti (MN) - IT -	01533010201	Managing Director	Withdrawn	Registered
MARCEGAGLIA FUTURES-SOCIETA' PER AZIONI O, IN FORMA ABBREVIATA: MARCEGAGLIA FUTU	Gazoldo degli Ippoliti (MN) - IT -	01533010201	Director	Withdrawn	Registered
MARCEGAGLIA TARANTO S.P.A.	Lainate (MI) - IT -	01851590206	Managing Director	Withdrawn	Registered
MARCEGAGLIA TARANTO S.P.A.	Lainate (MI) - IT -	01851590206	Director	Withdrawn	Registered
MARCEGAGLIA TARANTO S.P.A.	Lainate (MI) - IT -	01851590206	Board Chairman	Withdrawn	Registered
METALLURGICA MARCEGAGLIA S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	00246070205	Procurator	Withdrawn	Ceased
MM GULF S.R.L.	Cisliano (MI) - IT -	05670530962	Director	Active	Registered
NUOVA*OMEC S.R.L.	Ozzano dell'Emilia (BO) - IT -	01219110374	Managing Director	Withdrawn	Ceased
OTO MILLS - SOCIETA' PER AZIONI O, IN FORMA ABBREVIATA, OTO MILLS S.P.A.	Boretto (RE) - IT -	00908590359	Director	Active	Registered
PALAZZO DELL'AGRICOLTURA S.R.L.	Poggio Rusco (MN) - IT -	02256310208	Director	Active	Registered
PONTEGGI DALMINE SPA	Milano (MI) - IT -	00928670157	Director	Withdrawn	Ceased
PROFILNASTRO - SOCIETA' PER AZIONI	Dusino San Michele (AT) - IT -	00072110059	Director	Withdrawn	Ceased
PUGNOCHIUSO GRUPPO MARCEGAGLIA - S.R.L.	Gazoldo degli Ippoliti (MN) - IT -	01944440203	Director	Withdrawn	Registered
S.C.A.I S.R.L.	Rosolina (RO) - IT -	00042900290	Managing Director	Withdrawn	Registered
S.I.M. - SOCIETA' ITALIANA MARMITTE S.R.L. IN FORMA ABBREVIATA SIM S.R.L.	Teramo (TE) - IT -	00696290675	Director	Withdrawn	Registered
SAOM - BOLTIERE S.P.A.	Boltiere (BG) - IT -	00221900160	Managing Director	Withdrawn	Ceased
SIDERFACTOR S.P.A.	Milano (MI) - IT -	04158610966	Director	Active	Registered
SO.GE.P.A. - SOCIETA' GENERALE DI PARTECIPAZIONI AZIONARIE S.P.A.	Budrio (BO) - IT -	03981930377	Director	Withdrawn	Ceased
STEAM GENERATORS S.R.L.	Gazoldo degli Ippoliti (MN) - IT -	01956810202	Managing Director	Withdrawn	Registered
STEAM GENERATORS S.R.L.	Gazoldo degli Ippoliti (MN) - IT -	01956810202	Director	Active	Registered
STEAM GENERATORS S.R.L.	Gazoldo degli Ippoliti (MN) - IT -	01956810202	Board Chairman	Withdrawn	Registered
TARANTO SOLAR S.R.L.	Roma (RM) - IT -	10812671005	Director	Active	Registered
TARANTO SOLAR S.R.L.	Roma (RM) - IT -	10812671005	Assistant board Chairman	Active	Registered
TRISIDER SOCIETA' PER AZIONI O IN FORMA ABBREVIATA TRISIDER S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	00329200240	Director	Withdrawn	Ceased
TUBI ACCIAIO S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	01206990200	Procurator	Withdrawn	Ceased

MARCEGAGLIA

EMMA

Firm's Style	Seat	Fiscal Code	Position	Position Status	Firm's Status
ALBARELLA - SOCIETA' PER AZIONI O, IN FORMA ABBREVIATA, ALBARELLA S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	00071270292	Managing Director	Active	Registered
ALBARELLA - SOCIETA' PER AZIONI O, IN FORMA ABBREVIATA, ALBARELLA S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	00071270292	Director	Active	Registered
ALBARELLA - SOCIETA' PER AZIONI O, IN FORMA ABBREVIATA, ALBARELLA S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	00071270292	Managing Director	Withdrawn	Registered
ALBARSPORT HOTEL S.R.L.	Rosolina (RO) - IT -	00071290290	Sole Director	Withdrawn	Registered
ALMAR S.R.L.	Rosolina (RO) - IT -	00815580295	Managing Director	Withdrawn	Ceased
ARENDI S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	02078830201	Director	Withdrawn	Registered
ARETE' ONLUS PER IL SOSTEGNO DELL'ATTIVITA' DELL'UNIVERSITA' VITA-SALUTE SAN RAF	Milano (MI) - IT -	97267640155	Board Chairman	Active	Registered
BANCO POPOLARE SOCIETA' COOPERATIVA	Verona (VR) - IT -	03700430238		Withdrawn	Registered
BRACCO SPA	Milano (MI) - IT -	00825120157	Director	Active	Registered
BROLLO PROFILATI S.P.A.	Desio (MI) - IT -	00792100158	Director	Withdrawn	Ceased
C.C.T. CALDERERIA COSTRUZIONI TERMOMECCANICHE S.R.L.	Gazoldo degli Ippoliti (MN) - IT -	01555600202	Managing Director	Withdrawn	Ceased
C.C.T. CALDERERIA COSTRUZIONI TERMOMECCANICHE S.R.L.	Gazoldo degli Ippoliti (MN) - IT -	01555600202	Director	Withdrawn	Ceased
CUORE D'ITALIA SOCIETA' CONSORTILE A R.L. IN LIQUIDAZIONE	Sommacampagna (VR) - IT -	03668090230	Director	Withdrawn	Registered
EURO ENERGY DAUNIA -S.R.L.	Foggia (FG) - IT -	02343770711	Director	Withdrawn	Ceased
EUROENERGY GROUP S.R.L.	Lainate (MI) - IT -	01657620207	Director	Withdrawn	Registered
FINECOBANK BANCA FINECO S.P.A. O IN FORMA ABBREVIATA FINECOBANK S .P.A., OVVERO	Milano (MI) - IT -	01392970404	Director	Withdrawn	Registered
FINECOGROUP S.P.A. O IN FORMA ABBREVIATA FINECO S.P.A.	Milano (MI) - IT -	01386760175	Director	Withdrawn	Ceased
FINGEM - S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	01477080202	Managing Director	Withdrawn	Ceased
FINGEM - S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	01477080202	Director	Withdrawn	Ceased
FUELCO UNO S.R.L.	Lainate (MI) - IT -	02593630128	Director	Withdrawn	Registered
GABETTI PROPERTY SOLUTIONS S.P.A.	Milano (MI) - IT -	81019220029	Director	Active	Registered
GAIA TURISMO S.R.L.	Milano (MI) - IT -	05774780968	Managing Director	Active	Registered
GAIA TURISMO S.R.L.	Milano (MI) - IT -	05774780968	Director	Active	Registered
GAIA TURISMO S.R.L.	Milano (MI) - IT -	05774780968	Board Chairman	Active	Registered
I.M.A.T. S.P.A.	Fontanafredda (PN) - IT -	00074650938	Managing Director	Active	Registered
I.M.A.T. S.P.A.	Fontanafredda (PN) - IT -	00074650938	Director	Active	Registered
IL SOLE 24 ORE NETWEB S.P.A.	Milano (MI) - IT -	11904690150	Director	Withdrawn	Ceased
ILMA - S.R.L.	Genova (GE) - IT -	03225900103	Managing Director	Withdrawn	Ceased
ILMA - S.R.L.	Genova (GE) - IT -	03225900103	Director	Withdrawn	Ceased
INDESIT COMPANY S.P.A.	Fabriano (AN) - IT -	00693740425	Director	Withdrawn	Registered
ITALCEMENTI FABBRICHE RIUNITE CEMENTO S.P.A. BERGAMO	Bergamo (BG) - IT -	00637110164	Director	Withdrawn	Registered
ITALIA TURISMO S.P.A.	Roma (RM) - IT -	05711140581	Director	Withdrawn	Registered
ITALIA TURISMO S.P.A.	Roma (RM) - IT -	05711140581	Assistant board Chairman	Withdrawn	Registered
LOMBARDA TUBI S.P.A.	Lomagna (CO) - IT -	00231230137	Managing Director	Withdrawn	Ceased
M.I.T.A. MEDITERRANEA INIZIATIVE TURISTICHE ALBERGHIERE RESORT S. R.L. O IN FORM	Cagliari (CA) - IT -	04917590962	Director	Withdrawn	Ceased
M.I.T.A. MEDITERRANEA INIZIATIVE TURISTICHE ALBERGHIERE RESORT S. R.L. O IN FORM	Cagliari (CA) - IT -	04917590962	Board Chairman	Withdrawn	Ceased
M.I.T.A. RESORT S.R.L.	Pula (CA) - IT -	09628330012	Director	Active	Registered
M.I.T.A. RESORT S.R.L.	Pula (CA) - IT -	09628330012	Board Chairman	Active	Registered
MARCEGAGLIA BUILDING SOCIETA' PER AZIONI, IN FORMA ABBREVIATA MARCEGAGLIA BUILDI	Gazoldo degli Ippoliti (MN) - IT -	01040490391	Managing Director	Withdrawn	Ceased
MARCEGAGLIA BUILDING SOCIETA' PER AZIONI, IN FORMA ABBREVIATA MARCEGAGLIA BUILDI	Gazoldo degli Ippoliti (MN) - IT -	01040490391	Director	Withdrawn	Ceased
MARCEGAGLIA BUILDING SOCIETA' PER AZIONI, IN FORMA ABBREVIATA MARCEGAGLIA BUILDI	Gazoldo degli Ippoliti (MN) - IT -	01040490391	Board Chairman	Withdrawn	Ceased
MARCEGAGLIA FUTURES-SOCIETA' PER AZIONI O, IN FORMA ABBREVIATA: MARCEGAGLIA FUTU	Gazoldo degli Ippoliti (MN) - IT -	01533010201	Managing Director	Withdrawn	Registered
MARCEGAGLIA FUTURES-SOCIETA' PER AZIONI O, IN FORMA ABBREVIATA: MARCEGAGLIA FUTU	Gazoldo degli Ippoliti (MN) - IT -	01533010201	Director	Withdrawn	Registered
MM GULF S.R.L.	Cisliano (MI) - IT -	05670530962	Director	Withdrawn	Registered
MM GULF S.R.L.	Cisliano (MI) - IT -	05670530962	Board Chairman	Withdrawn	Registered
NUOVA*OMEC S.R.L.	Ozzano dell'Emilia (BO) - IT -	01219110374	Managing Director	Withdrawn	Ceased
PONTEGGI DALMINE SPA	Milano (MI) - IT -	00928670157	Director	Withdrawn	Ceased
PONTEGGI DALMINE SPA	Milano (MI) - IT -	00928670157	Assistant board Chairman	Withdrawn	Ceased
PROFILNASTRO - SOCIETA' PER AZIONI	Dusino San Michele (AT) - IT -	00072110059	Managing Director	Withdrawn	Ceased
PROFILNASTRO - SOCIETA' PER AZIONI	Dusino San Michele (AT) - IT -	00072110059	Director	Withdrawn	Ceased
PUGNOCHIUSO GRUPPO MARCEGAGLIA - S.R.L.	Gazoldo degli Ippoliti (MN) - IT -	01944440203	Managing Director	Active	Registered
PUGNOCHIUSO GRUPPO MARCEGAGLIA - S.R.L.	Gazoldo degli Ippoliti (MN) - IT -	01944440203	Director	Active	Registered
S.C.A.I S.R.L.	Rosolina (RO) - IT -	00042900290	Sole Director	Withdrawn	Registered
SIDERFACTOR S.P.A.	Milano (MI) - IT -	04158610966	Director	Active	Registered
TURISMO E IMMOBILIARE S.P.A. IN FORMA ABBREVIATA TEI S.P.A.	Milano (MI) - IT -	04607580968	Director	Withdrawn	Registered
TURISMO E IMMOBILIARE S.P.A. IN FORMA ABBREVIATA TEI S.P.A.	Milano (MI) - IT -	04607580968	Board Chairman	Withdrawn	Registered
V.REM S.R.L. - IN LIQUIDAZIONE	Rosolina (RO) - IT -	00962310298	Director	Withdrawn	Registered
V.REM S.R.L. - IN LIQUIDAZIONE	Rosolina (RO) - IT -	00962310298	Liquidator	Withdrawn	Registered
V.REM S.R.L. - IN LIQUIDAZIONE	Rosolina (RO) - IT -	00962310298	Board Chairman	Withdrawn	Registered

GALLI

EZIO ERCOLE

Firm's Style	Seat	Fiscal Code	Position	Position Status	Firm's Status
GALLI EZIO ERCOLE	Acquasparta (TR) - IT -	GLLZCL47D02A045N	Proprietor	Withdrawn	Ceased
TINARELLI - S.P.A. - IN LIQUIDAZIONE	Corciano (PG) - IT -	00148690548	Attorney with special power	Active	Registered

FAVERO

FABIO

Firm's Style	Seat	Fiscal Code	Position	Position Status	Firm's Status
GREIF SYSTEM S.A.S. DI FAVERO SARA E C.	Campo San Martino (PD) - IT -	00894170281	Limited Partner	Active	Registered

GAVINA

GABRIELE

Firm's Style	Seat	Fiscal Code	Position	Position Status	Firm's Status
ILMA - S.R.L.	Genova (GE) - IT -	03225900103	Attorney with special power	Withdrawn	Ceased

ROSATTI

MAURO

Firm's Style	Seat	Fiscal Code	Position	Position Status	Firm's Status
ALBARELLA - SOCIETA' PER AZIONI O, IN FORMA ABBREVIATA, ALBARELLA S.P.A.	Gazoldo degli Ippoliti (MN) - IT -	00071270292	Attorney with special power	Active	Registered

ROMANO

GIOVANNI

Firm's Style	Seat	Fiscal Code	Position	Position Status	Firm's Status
MARCEGAGLIA BUILDTECH S.R.L.	Milano (MI) - IT -	03779410376	Procurator	Active	Registered

FASOLI

FABIO AGOSTINO

Firm's Style	Seat	Fiscal Code	Position	Position Status	Firm's Status
A.S.F. DI FASOLI FABIO AGOSTINO E C. S.A.S.	Todi (PG) - IT -	02456850540	General Partner	Active	Registered

The indication "REGISTERED" as Firm Status could refer to Firms in Liquidation, Active, Inactive, etc.

For more information, in this case, we advise to request further investigations.

Capital Shareholders

Shareholders' list as at date of data collection:

Firm's Style / Name	Seat / Residence	Fiscal Code	Owned Shares	% Ownership
Marcegaglia Steno	Gazoldo degli Ippoliti - IT -	MRCSTN30M09H916T	14.977.340 .Eur	25,43
Bazzani Palmira	Gazoldo degli Ippoliti - IT -	BZZPMR38C48G536W	516 .Eur
Marcegaglia Antonio	Gazoldo degli Ippoliti - IT -	MRCNTN63T12E897L	2.169.132 .Eur	3,68
Marcegaglia Emma	Mantova - IT -	MRCMME65T64E897Q	2.169.132 .Eur	3,68
Marfin Societa' A Responsabilita' Limita ta O, In Forma Abbreviata Marfin S.r.	Gazoldo degli Ippoliti - IT -	01477070203	39.559.803 .Eur	67,19

Direct Participations

The Company under review has participations in the following Companies:

Firm's Style	Seat	Fiscal Code	Owned Shares Amount	% Ownership	since	until	Share Status
Oto Mills - Societa' Per Azioni O, In Forma Abbreviata, Oto Mills S.p.a.	Boretto - IT -	00908590359	578.435 .Eur	70,00			Active
E.t.a. - Energie Tecnologie Ambiente Societa' Per Azioni (in Forma Abbreviata E	Crotone - IT -	10223350157	7.035.072 .Eur	60,00			Active
Siderfactor S.p.a.	Milano - IT -	04158610966	876.000 .Eur	73,00			Active
Delna S.p.a.	Brivio - IT -	00341940138	227.572 .Eur	11,37			Active
Immobilindustria S.p.a.	Mantova - IT -	00492540208	5.000 .Eur	0,25			Active
Allu's S.p.a.	Sesto Al Reghena - IT -	06194590011	1.000.000 .Eur	33,33			Active
Agenzia Per La Promozione E Lo Sviluppo Sostenibile Dell'area Metropolitana Di M	Milano - IT -	02370910966	10.360 .Eur	0,55			Active
Alitalia - Compagnia Aerea Italiana S.p.a	Fiumicino - IT -	02500880121	35.502.959 .Eur	5,31			Active
Turismo E Immobiliare S.p.a. In Forma Abbreviata Tei S.p.a.	Milano - IT -	04607580968	60.000 .Eur	50,00			Active
S.i.m. - Societa' Italiana Marmitte S.r.l. In Forma Abbreviata Sim S.r.l.	Teramo - IT -	00696290675	390.000 .Eur	50,00			Active
Cermet - Certificazione E Ricerca Per La Qualita' Soc. Cons. A R.l.	Granarolo dell'Emilia - IT -	03502820370	210 .Eur	0,04			Active
Immobiliare Siderurgica S.r.l.	Milano - IT -	12243660151	5.380 .Eur	5,43			Active
Marcegaglia Energy Societa' A Responsabilita' Limitata O, In Forma Abbreviata M	Gazoldo degli Ippoliti - IT -	01610480202	1.000 .Eur	1,00			Active
Palazzo Dell'agricoltura S.r.l.	Poggio Rusco - IT -	02256310208	10.000 .Eur	50,00			Active
Marcegaglia Buildtech S.r.l.	Milano - IT -	03779410376	99.000 .Eur	99,00			Active
Elet.ca Societa' A Responsabilita' Limitata O, In Forma Abbreviata Elet.ca S.r.	Gazoldo degli Ippoliti - IT -	01864180201	99.000 .Eur	99,00			Active
Gaia Turismo S.r.l.	Milano - IT -	05774780968	9.100 .Eur	91,00			Active
Mariven S.r.l.	Gazoldo degli Ippoliti - IT -	02238870204	65.000 .Eur	65,00			Active
Made Hse S.r.l.	Gazoldo degli Ippoliti - IT -	02247940204	99.000 .Eur	99,00			Active
Per.form.	Asti - IT -	01067750057	250 .Eur	0,13			Active
CONSORZIO MANUFATTI STRADALI METALLICI - CO.MA.ST.	Roma - IT -	04808231007					Active
Steam Generators S.r.l.	Gazoldo degli Ippoliti - IT -	01956810202	100.000 .Eur	100,00			Active
Investimenti Lombardi S.R.L.		02680780125	100.000 .Eur	100,00			Active
Gas Intensive Soc. Consortile A Responsabilita' Limitata	Milano - IT -	03305420964	1.000 .Eur	0,41			Active
Gestioni Ambientali In Sigla Co.ge.am.	Massafra - IT -	02513040739					Active
I.m.a.t. S.p.a.	Fontanafredda - IT -	00074650938	103.200 .Eur	10,00			Active
Albarella - Societa' Per Azioni O, In Forma Abbreviata, Albarella S.p.a.	Gazoldo degli Ippoliti - IT -	00071270292	2.600.000 .Eur	100,00			Active

Firm's location and structure

In order to carry out its activities the firm uses the following locations:

-	Legal and operative seat

Via

Dei Bresciani

, 16

- 46040

- Gazoldo degli Ippoliti

(MN)

- IT -

PHONE

: 0376/6851

PHONE

: 0376/84601

FAX	: 0376/685600

Legal mail

: marcegagliaspa@legalmail.it

-

Branch

(Factory )

since 01/01/2007

Via

Basse

, 15

- 36056

- Tezze sul Brenta

(VI)

- IT -

PHONE

: 0376/84601

PHONE

: 0143/7761

PHONE

: 0141/680800

PHONE

: 0375/2891

PHONE

: 0543/470111

PHONE

: 039/92211

PHONE

: 02/486981

PHONE

: 049/680011

PHONE

: 0544/516611

PHONE

: 0431/624111

PHONE

: 0424/535400

FAX	: 0143/776353

FAX	: 0140/930957

FAX	: 039/9221395

FAX	: 02/4500671

FAX	: 049/680132

FAX	: 0431/624222

FAX	: 0424/535451

-

Branch

(Factory )

since 01/01/1984

Strada Statale

Sabbionetana C.m.

- 26041

- Casalmaggiore

(CR)

- IT -

-

Branch

since 25/09/1985

Via

Mattei

, 20

- 47034

- Forlimpopoli

(FO)

- IT -

-

Branch

(Factory )

since 01/07/2006

Via

Antonio Canova

, 36

- 20020

- Lainate

(MI)

- IT -

PHONE

: 02/9379251

FAX	: 02/93792599

-

Branch

(Factory )

since 06/02/1985

Via

Baiona

, 141

- 48100

- Ravenna

(RA)

- IT -

PHONE

: 0544/516611

-

Branch

(office )

since 01/01/1999

Via

Milano

, 41

- 22050

- Lomagna

(LC)

- IT -

-

Branch

(office )

since 01/01/1999

Corso

Industria

, 42

- 14010

- Dusino San Michele

(AT)

- IT -

-

Branch

(office )

since 01/01/1999

Via

Marcegaglia

, 2

- 24040

- Boltiere

(BG)

- IT -

-

Branch

(Factory )

since 02/11/2005

Strada

Delle Roveri

, 4

- 15068

- Pozzolo Formigaro

(AL)

- IT -

-

Branch

(Sales office )

since 01/07/2006

Via

Friuli

, 9/11

- 40024

- Castel San Pietro Terme

(BO)

- IT -

-

Branch

(Factory )

since 01/12/2006

Via

Zorutti

, 13/A

- 33074

- Fontanafredda

(PN)

- IT -

-

Branch

since 01/01/1984

Localita'

Contino

, C.M.

- 46049

- Volta Mantovana

(MN)

- IT -

-

Branch

(office )

since 01/01/1999

Via

Antonio Canova

, 7/9

- 20094

- Corsico

(MI)

- IT -

-

Branch

(office )

since 01/01/1999

Via

Battaglia

, 85

- 35020

- Albignasego

(PD)

- IT -

-

Branch

(Factory )

since 01/01/2003

Via

Ludovico Ariosto

, 10

- 74100

- Taranto

(TA)

- IT -

-

Branch

(Factory )

since 01/02/2003

Via

Enrico Fermi

, 33

- 33058

- San Giorgio di Nogaro

(UD)

- IT -

Employees

: 3.647

Fittings and Equipment for a value of 158.430.000

Eur

Stocks for a value of 924.470.000

Eur

Work in progress for a value of 9.340.000

Eur

The firm operates abroad as importer / exporter. .

To purchase foreign products the firm uses the following channels :

- distributors

- trading companies

- direct orders to foreign companies

Export represents up to 20% of the global turnover.

Products abroad are placed by :

- importers

- trading companies

- its own agents

- its own foreign branches

- direct orders from foreign companies

Import comes generally from the following nations:

- Grecia

- Austria

Export is mainly towards:

- Belgio

- Irlanda

- Austria

- Francia

- Gran Bretagna

Historical Information and/or Firm's Status

COMPANY STYLE MODIFICATIONS:

Former Style	New Style	Changement Date
Gruppo Marcegaglia SpA		16/12/1983

EX-MEMBERS / EX-POSITIONS:

Ceresetti

Enrico

Born in Pisogne

on 30/03/1950

- Fiscal Code : CRSNRC50C30G710A

Residence :

Piazza

Aldo Moro

, 1

- 25055

Pisogne

(BS)

- IT -

Ex-Postions

Attorney with special power

Marcegaglia

Steno

Born in San Giovanni Ilarione

on 09/08/1930

- Fiscal Code : MRCSTN30M09H916T

Residence :

Via

G. Marconi

, 174

- 46040

Gazoldo degli Ippoliti

(MN)

- IT -

Ex-Postions

Chairman

Bazzani

Palmira

Born in Piadena

on 08/03/1938

- Fiscal Code : BZZPMR38C48G536W

Residence :

Via

Marconi

, 174

- 46040

Gazoldo degli Ippoliti

(MN)

- IT -

Ex-Postions

Managing Director

Director

Marcegaglia

Antonio

Born in MANTOVA

on 12/12/1963

- Fiscal Code : MRCNTN63T12E897L

Residence :

Via

MARCONI

, 174

- 46040

Gazoldo degli Ippoliti

(MN)

- IT -

Ex-Postions

Managing Director

Director

Marcegaglia

Emma

Born in Mantova

on 24/12/1965

- Fiscal Code : MRCMME65T64E897Q

Residence :

Piazza

Virgiliana

, 5

- 46100

Mantova

(MN)

- IT -

Ex-Postions

Managing Director

Director

Grasso

Marco

Born in Asti

on 10/06/1954

- Fiscal Code : GRSMRC54H10A479J

Residence :

Via

Machiavelli

, 7

- 14100

Asti

(AT)

- IT -

Ex-Postions

Attorney with special power

Prati

Paolo

Born in Forli'

on 07/05/1944

- Fiscal Code : PRTPLA44E07D704R

Residence :

Piazzale

Della Commenda

, 5

- 47100

Forli'

(FO)

- IT -

Ex-Postions

Attorney with special power

Bragagni

Mauro

Born in Piombino

on 04/02/1951

- Fiscal Code : BRGMRA51B04G687R

Residence :

Via

Enrico De Nicola

, 22

- 57025

Piombino

(LI)

- IT -

Ex-Postions

Attorney with special power

Cappelli

Antonio

Born in Verucchio

on 13/11/1943

- Fiscal Code : CPPNTN43S13L797T

Residence :

Viale

Europa

, 33

- 46100

Mantova

(MN)

- IT -

Ex-Postions

Attorney with special power

Mondadori

Maurizio

Born in Roncoferraro

on 30/06/1958

- Fiscal Code : MNDMRZ58H30H541T

Residence :

Via

Duchessa Marianna

, 15

- 20080

Besate

(MI)

- IT -

Ex-Postions

Attorney with special power

Olivo

Marco

Born in Udine

on 07/05/1970

- Fiscal Code : LVOMRC70E07L483G

Residence :

Via

Montegrappa

, 23 BIS/5

- 33031

Basiliano

(UD)

- IT -

Ex-Postions

Procurator

Colombo

Mattia

Born in Treviglio

on 12/07/1980

- Fiscal Code : CLMMTT80L12L400Z

Residence :

Via

Trento

, 53

- 24047

Treviglio

(BG)

- IT -

Ex-Postions

Attorney with special power

TIBERINI

GIULIO

Born in BOLOGNA

on 12/01/1948

- Fiscal Code : TBRGLI48A12A944V

Residence :

Via

DUCHESSA BEATRICE

, 64/3

- 14019

Villanova d'Asti

(AT)

- IT -

Ex-Postions

Attorney with special power

Favero

Fabio

Born in Padova

on 13/05/1967

- Fiscal Code : FVRFBA67E13G224E

Residence :

Via

Rizzo

, 6

- 35100

Padova

(PD)

- IT -

Ex-Postions

Attorney with special power

Mondadori

Maurizio

Born in Roncoferraro

on 30/06/1958

- Fiscal Code : MNDMRZ58H30H541T

Residence :

Via

Duchessa Marianna

, 15

- 20080

Besate

(MI)

- IT -

Ex-Postions

Attorney with special power

Formaglio

Lorenzo

Born in SARONNO

on 29/11/1967

- Fiscal Code : FRMLNZ67S29I441A

Residence :

Via

Sedicesima Strada

, 19

- 20020

Cesate

(MI)

- IT -

Ex-Postions

Attorney with special power

Nevi

Cristiano

Born in Viadana

on 02/04/1968

- Fiscal Code : NVECST68D02L826J

Residence :

Via

Mondini

, 5

- 46010

Redondesco

(MN)

- IT -

Ex-Postions

Attorney with special power

Molinari

Giacomo

Born in Alessandria

on 16/03/1960

- Fiscal Code : MLNGCM60C16A182R

Residence :

Via

Gramsci

, 4

- 15068

Pozzolo Formigaro

(AL)

- IT -

Ex-Postions

Attorney with special power

Technical Manager

Di Salvo

Mario

Born in Palermo

on 01/01/1949

- Fiscal Code : DSLMRA49A01G273P

Residence :

Viale

VARZI

, 7

- 20020

Arese

(MI)

- IT -

Ex-Postions

Procurator

GASTALDELLO

ADRIANO

Born in MAJANO

on 13/10/1947

- Fiscal Code : GSTDRN47R13E833G

Residence :

Via

COLLE DI COT

, 7

- 33030

Majano

(UD)

- IT -

Ex-Postions

Procurator

Sola

Silvio

Born in La Loggia

on 24/04/1957

- Fiscal Code : SLOSLV57D24E423H

Residence :

Via

Della Chiesa

, 25/9

- 10040

La Loggia

(TO)

- IT -

Ex-Postions

Attorney with special power

Valentini

Osvaldo

Born in BERGAMO

on 06/03/1963

- Fiscal Code : VLNSLD63C06A794J

Residence :

Via

Ravasio

, 3

- 24036

Ponte San Pietro

(BG)

- IT -

Ex-Postions

Attorney with special power

CEASINGS/INCORPORATIONS/MERGES:

Project of merging by taking over of

Brollo Profilati S.p.a.

Via

Filippo Da Desio

, 0075

, 20033

, Desio

(MI)

- IT -

Fiscal Code: 00792100158

Date

Merging/splitting-up project :

24/06/1998

The firm absorbed by merging of

Fingem - S.p.a.

Via

Bresciani

, 16

, 46040

, Gazoldo degli Ippoliti

(MN)

- IT -

Fiscal Code: 01477080202

Date

:

16/12/1998

Project of merging by taking over of

C.c.t. Caldereria Costruzioni Termomeccaniche S.r.l.

Via

Dei Bresciani

, 16

, 46040

, Gazoldo degli Ippoliti

(MN)

- IT -

Fiscal Code: 01555600202

Date

Merging/splitting-up project :

08/07/2002

The firm absorbed by merging of

C.c.t. Caldereria Costruzioni Termomeccaniche S.r.l.

Via

Dei Bresciani

, 16

, 46040

, Gazoldo degli Ippoliti

(MN)

- IT -

Fiscal Code: 01555600202

Date

:

18/12/2002

Project of merging by taking over of

Marcegaglia Finanziaria - S.p.a.

Via

Dei Bresciani

, 16

, 46040

, Gazoldo degli Ippoliti

(MN)

- IT -

Fiscal Code: 01534930209

Date

Merging/splitting-up project :

12/06/2003

The firm absorbed by merging of

Marcegaglia Finanziaria - S.p.a.

Via

Dei Bresciani

, 16

, 46040

, Gazoldo degli Ippoliti

(MN)

- IT -

Fiscal Code: 01534930209

Date

:

15/12/2003

Project of merging by taking over of

Ponteggi Dalmine Spa

Via

Della Casa Giovanni

, 0012

, 20151

, Milano

(MI)

- IT -

Fiscal Code: 00928670157

Date

Merging/splitting-up project :

13/09/2005

Project of merging by taking over of

E.t.a.- Euro Tubi Acciaio Spa

Corso

Di Porta Vittoria

, 47

, 20122

, Milano

(MI)

- IT -

Fiscal Code: 10919750157

Date

Merging/splitting-up project :

30/01/2006

The firm absorbed by merging of

Ponteggi Dalmine Spa

Via

Della Casa Giovanni

, 0012

, 20151

, Milano

(MI)

- IT -

Fiscal Code: 00928670157

Date

:

03/04/2006

The firm absorbed by merging of

E.t.a.- Euro Tubi Acciaio Spa

Corso

Di Porta Vittoria

, 47

, 20122

, Milano

(MI)

- IT -

Fiscal Code: 10919750157

Date

:

15/06/2006

Project of merging by taking over of

Trisider Societa' Per Azioni O In Forma Abbreviata Trisider S.p.a.

Via

Bresciani

, 16

, 46040

, Gazoldo degli Ippoliti

(MN)

- IT -

Fiscal Code: 00329200240

Date

Merging/splitting-up project :

30/06/2006

The firm absorbed by merging of

Trisider Societa' Per Azioni O In Forma Abbreviata Trisider S.p.a.

Via

Bresciani

, 16

, 46040

, Gazoldo degli Ippoliti

(MN)

- IT -

Fiscal Code: 00329200240

Date

:

24/07/2006

The firm absorbed by merging of

O.m.f. Officine Meccaniche Fiume Veneto Societa' A Responsabilita'

Via

Bresciani

, 16

, 46040

, Gazoldo degli Ippoliti

(MN)

- IT -

Fiscal Code: 01048670390

Date

:

22/11/2006

The firm absorbed by merging of

Trisider Societa' Per Azioni O In Forma Abbreviata Trisider S.p.a.

Via

Bresciani

, 16

, 46040

, Gazoldo degli Ippoliti

(MN)

- IT -

Fiscal Code: 00329200240

Date

:

19/12/2006

Project of merging by taking over of

Marcegaglia Futures-societa' Per Azioni O, In Forma Abbreviata: Marcegaglia Futu

Via

Dei Bresciani

, 16

, 46040

, Gazoldo degli Ippoliti

(MN)

- IT -

Fiscal Code: 01533010201

Date

Merging/splitting-up project :

30/06/2007

The firm absorbed by merging of

Marcegaglia Futures-societa' Per Azioni O, In Forma Abbreviata: Marcegaglia Futu

Via

Dei Bresciani

, 16

, 46040

, Gazoldo degli Ippoliti

(MN)

- IT -

Fiscal Code: 01533010201

Date

:

29/11/2007

The firm absorbed by merging of

Marcegaglia Futures-societa' Per Azioni O, In Forma Abbreviata: Marcegaglia Futu

Via

Dei Bresciani

, 16

, 46040

, Gazoldo degli Ippoliti

(MN)

- IT -

Fiscal Code: 01533010201

Date

:

25/09/2008

Project of merging by taking over of

Investimenti Lombardi S.R.L.

Fiscal Code: 02680780125

Date

Merging/splitting-up project :

28/06/2010

Resolution of merging of

Investimenti Lombardi S.R.L.

Fiscal Code: 02680780125

Date

:

30/09/2010

The firm absorbed by merging of

Investimenti Lombardi S.R.L.

Fiscal Code: 02680780125

Date

:

20/12/2010

Protests

Protests checking on the subject firm has given a negative result.

Legal Procedures

None reported, standing to the latest received edition of the Official Publications.

Bankers

The firm operates with:

Bank Name	Agency Name	Address	ZIP Code	City	ABI Code	CAB Code
B.CA NAZIONALE DEL LAVORO SPA	MANTOVA	PIAZZA FELICE CAVALLOTTI,3	46100	Mantova (MN)	1005	11500

Immovables *

*Subject to survey.

Immovable Type	Value
Real estates	195.036.696 - Eur

NB.: For Capital Companies the value of the Immovables is the one reported in the latest available financial documents.

Financial and Economical Analysis

Subject is active since 1984

The economic-financial analysis has been made on the base of the b/s of the latests three years.

Under an economic point of view, profits were registered during the last years with a r.o.e. of 4,03% in 2009

The operating result in 2009 was positive (2,85%) and in line with the sector's average.

An operating result of Eur. 67.921.649 has been registered. recording a drop as opposed to the year before (-44,75%).

The G.O.M. amounted to Eur. 129.616.006 recording a -32,04% decrease.

The analysis shows a fair financial position as the indebtedness volume is acceptable (1,46) with an improving trend as on the decrease.

The equity capital is equal to Eur. 707.617.789 on stable levels.

In the year 2009 total debts amounted to Eur. 1.590.567.127 showing a stable trend as opposed to 2008 (Eur. 1.637.010.380).

The financial exposure is moderate, on the other hand the recourse to commercial credit is high, with a high average payment period even in comparison with the sector's.

Neverthless available funds are good.

As to due from customers, the average terms are 57,03 days. , shorter than the sector's average.

During financial year 2009 the cash flow amounted to Eur. 90.177.390

Labour cost expenses amount to Eur. 166.981.009 , representing 7,69% on the total of production costs. , whereas the incidence of such costs on sales revenues is equal to 7,8%.

Financial chareges are high: the incidence on sales volume amounts to -1,63%

Financial Data

Complete balance-sheet for the year

31/12/2009

(in Eur

x 1 )

Item Type	Value
Sales	2.139.854.576
Profit (Loss) for the period	28.513.033

Complete balance-sheet for the year

31/12/2008

(in Eur

x 1 )

Item Type	Value
Sales	3.767.042.034
Profit (Loss) for the period	30.485.965

Complete balance-sheet for the year

31/12/2007

(in Eur

x 1 )

Item Type	Value
Sales	3.498.324.353
Profit (Loss) for the period	79.095.247

Complete balance-sheet for the year

31/12/2006

(in Eur

x 1 )

Item Type	Value
Sales	3.001.851.000
Profit (Loss) for the period	59.335.000

Complete balance-sheet for the year

31/12/2005

(in Eur

x 1 )

Item Type	Value
Sales	2.283.253.000
Profit (Loss) for the period	42.564.000

Balance Sheets

From our constant monitoring of the relevant Public Administration offices, no more recent balance sheets result to have been filed.

- Balance Sheet as at 31/12/2009 - 12 Mesi - Currency: Eur - Amounts x 1

- Balance Sheet as at 31/12/2008 - 12 Mesi - Currency: Eur - Amounts x 1

- Balance Sheet as at 31/12/2007 - 12 Mesi - Currency: Eur - Amounts x 1

Years

2009

2008

2007

BALANCE SHEET ACCOUNTS

ASSETS
CREDITS VS PARTNERS
. Deposits not yet withdrawn
. Deposits already withdrawn
Total credits vs partners
FIXED ASSETS
. INTANGIBLE FIXED ASSETS
. . Start-up and expansion expenses
. . Research,develop. and advert.expens.
. . Industrial patent rights	253.146	489.319	353.521
. . Concessions,licenses,trademarks,etc.
. . Goodwill	1.634.962	1.943.664	2.326.735
. . Assets in formation and advance paymen.			70.750
. . Other intangible fixed assets	2.501.292	2.424.878	2.945.850
. Total Intangible Fixed Assets	4.389.400	4.857.861	5.696.856
. TANGIBLE FIXED ASSETS
. . Real estate	195.036.696	144.841.696	126.434.710
. . Plant and machinery	144.524.015	120.612.250	122.131.413
. . Industrial and commercial equipment	13.902.958	15.023.535	13.513.138
. . Other assets	5.164.563	5.645.586	5.363.763
. . Assets under construction and advances	217.974.941	182.619.851	69.965.059
. Total Tangible fixed assets	576.603.173	468.742.918	337.408.083
. FINANCIAL FIXED ASSETS
. . Equity investments	316.000.136	247.806.164	146.740.347
. . . Equity invest. in subsidiary companies	238.021.179	175.704.827	90.304.369
. . . Equity invest. in associated companies	19.402.847	14.117.170	9.799.487
. . . Equity invest. in holding companies
. . . Equity invest. in other companies	58.576.110	57.984.167	46.636.491
. . Financial receivables	290.120	382.679	383.413
. . . . Within 12 months
. . . . Beyond 12 months	290.120	382.679	383.413
. . . Receivab due from subsidiaries
. . . . Within 12 months
. . . . Beyond 12 months
. . . Receivables due from assoc.comp.
. . . . Within 12 months
. . . . Beyond 12 months
. . . Receivables due from holding comp.
. . . . Within 12 months
. . . . Beyond 12 months
. . . Receivables due from third parties	290.120	382.679	383.413
. . . . Within 12 months
. . . . Beyond 12 months	290.120	382.679	383.413
. . Other securities
. . Own shares
. . . Total nominal value
. Total financial fixed assets	316.290.256	248.188.843	147.123.760
Total fixed assets	897.282.829	721.789.622	490.228.699
CURRENT ASSETS
. INVENTORIES
. . Raw materials and other consumables	467.469.683	654.886.675	401.135.899
. . Work in progress and semimanufactured	183.256.733	126.247.846	86.288.400
. . Work in progress on order	9.335.486	12.115.657	3.428.477
. . Finished goods	259.528.505	230.506.586	179.047.056
. . Advance payments	4.883.040	307.716	4.968.111
. Total Inventories	924.473.447	1.024.064.480	674.867.943
. CREDITS NOT HELD AS FIXED ASSETS
. . Within 12 months	492.507.494	554.973.119	623.203.572
. . Beyond 12 months		42.547	2.137.720
. . Trade receivables	40.572.143	88.693.978	254.156.018
. . . . Within 12 months	40.572.143	88.693.978	254.156.018
. . . . Beyond 12 months
. . Receivables due from subsid. comp.	252.833.268	230.269.438	264.466.502
. . . . Within 12 months	252.833.268	230.269.438	264.466.502
. . . . Beyond 12 months
. . Receivables due from assoc. comp.	983.668	3.698.170	3.952.405
. . . . Within 12 months	983.668	3.698.170	3.952.405
. . . . Beyond 12 months
. . Receivables due from holding comp.	44.602.140	51.901.733	26.868.184
. . . . Within 12 months	44.602.140	51.901.733	26.868.184
. . . . Beyond 12 months
. . Fiscal Receivables	21.778.287	55.869.209	8.948.819
. . . . Within 12 months	21.778.287	55.869.209	8.948.819
. . . . Beyond 12 months
. . Receivables for anticipated taxes	8.160.596	11.493.276	3.385.530
. . . . Within 12 months	8.160.596	11.450.729	1.247.810
. . . . Beyond 12 months		42.547	2.137.720
. . Receivables due from third parties	123.577.392	113.089.862	63.563.834
. . . . Within 12 months	123.577.392	113.089.862	63.563.834
. . . . Beyond 12 months
. Total Credits not held as fixed assets	492.507.494	555.015.666	625.341.292
. FINANCIAL ASSETS
. . Equity invest. in subsidiary comp.
. . Equity invest. in associated companies
. . Equity invest. in holding companies
. . Other equity investments	35.378.902	35.254.878	19.549.403
. . Own shares
. . . Total nominale value
. . Other securities	23.911.816	25.462.547	15.661.572
. Total Financial Assets	59.290.718	60.717.425	35.210.975
. LIQUID FUNDS
. . Bank and post office deposits	9.567.322	15.295.763	16.070.336
. . Checks	35.438
. . Banknotes and coins	39.793	29.915	72.838
. Total Liquid funds	9.642.553	15.325.678	16.143.174
Total current assets	1.485.914.212	1.655.123.249	1.351.563.384
ADJUSTMENT ACCOUNTS
. Discount on loans
. Other adjustment accounts		23.841.151
Total adjustments accounts	3.283.280	23.841.151	29.117.027
TOTAL ASSETS	2.386.480.321	2.400.754.022	1.870.909.110
LIABILITIES
STOCKHOLDERS' EQUITY
. Capital stock	58.876.440	58.876.440	58.876.440
. Additional paid-in capital	138.927.445	138.927.445	138.927.445
. Revaluation reserves	9.073.656	9.073.656	9.073.656
. Legal reserve	13.752.584	13.752.584	13.752.584
. Reserve for Own shares
. Statute reserves
. Other reserves	458.474.631	431.408.663	343.731.240
. Accumulated Profits (Losses)
. Profit( loss) of the year	28.513.033	30.485.965	79.095.247
. Advances on dividends
. Partial loss of the year Coverage
Total Stockholders'Equity	707.617.789	682.524.753	643.456.612
RESERVES FOR RISKS AND CHARGES
. . Reserve for employee termination indem.	1.428.505	1.440.463	1.241.619
. . Taxation fund, also differed	7.529.062	3.223.048	22.373.546
. . Other funds	50.702.114	41.917.020	43.915.709
Total Reserves for Risks and Charges	59.659.681	46.580.531	67.530.874
Employee termination indemnities	26.939.423	29.584.741	32.859.550
ACCOUNTS PAYABLE
. . . . Within 12 months	1.041.774.219	1.172.941.761	817.770.787
. . . . Beyond 12 months	548.792.908	464.068.619	306.168.227
. . Bonds
. . . . Within 12 months
. . . . Beyond 12 months
. . Convertible bonds repayable
. . . . Within 12 months
. . . . Beyond 12 months
. . Due to shareholders for financing
. . . . Within 12 months
. . . . Beyond 12 months
. . Due to banks	672.881.163	859.233.756	310.139.289
. . . . Within 12 months	124.088.255	395.165.137	3.971.062
. . . . Beyond 12 months	548.792.908	464.068.619	306.168.227
. . Due to other providers of finance
. . . . Within 12 months
. . . . Beyond 12 months
. . Advances from customers	17.479.908	9.942.002	8.124.724
. . . . Within 12 months	17.479.908	9.942.002	8.124.724
. . . . Beyond 12 months
. . Trade payables	762.889.724	680.084.243	691.631.709
. . . . Within 12 months	762.889.724	680.084.243	691.631.709
. . . . Beyond 12 months
. . Securities issued
. . . . Within 12 months
. . . . Beyond 12 months
. . Due to subsidiary companies	46.794.772	23.611.423	13.909.568
. . . . Within 12 months	46.794.772	23.611.423	13.909.568
. . . . Beyond 12 months
. . Due to associated companies	1.791.982	641.370	1.678.608
. . . . Within 12 months	1.791.982	641.370	1.678.608
. . . . Beyond 12 months
. . Due to holding companies
. . . . Within 12 months
. . . . Beyond 12 months
. . Due to the tax authorities	11.659.229	13.758.760	9.846.696
. . . . Within 12 months	11.659.229	13.758.760	9.846.696
. . . . Beyond 12 months
. . Due to social security and welfare inst.	8.318.000	8.226.150	8.180.193
. . . . Within 12 months	8.318.000	8.226.150	8.180.193
. . . . Beyond 12 months
. . Other payables	68.752.349	41.512.676	80.428.227
. . . . Within 12 months	68.752.349	41.512.676	80.428.227
. . . . Beyond 12 months
Total accounts payable	1.590.567.127	1.637.010.380	1.123.939.014
ADJUSTMENT ACCOUNTS
. Agio on loans
. Other adjustment accounts		5.053.617
Total adjustment accounts	1.696.301	5.053.617	3.123.060
TOTAL LIABILITIES	2.386.480.321	2.400.754.022	1.870.909.110

MEMORANDUM ACCOUNTS

Third party goods

Investment accounts

Risk accounts

Civil and fiscal norms relation

PROFIT AND LOSS ACCOUNTS

VALUE OF PRODUCTION
. Revenues from sales and services	2.139.854.576	3.767.042.034	3.498.324.353
. Changes in work in progress	83.266.924	91.418.976	25.670.813
. Changes in semi-manufact. products	-16.290	6.859.133	-4.422.726
. Capitalization of internal work	3.688.434	8.312.861
. Other income and revenues	13.702.162	16.574.687	8.312.349
. . Contributions for operating expenses	913.053	985.378	20.021
. . Different income and revenues	12.789.109	15.589.309	8.292.328
Total value of production	2.240.495.806	3.890.207.691	3.527.884.789
PRODUCTION COSTS
. Raw material,other materials and consum.	1.381.553.910	3.275.502.278	2.406.435.666
. Services received	350.889.936	477.324.710	411.441.142
. Leases and rentals	15.766.226	21.499.857	21.143.806
. Payroll and related costs	166.981.009	171.668.548	164.888.139
. . Wages and salaries	116.784.031	120.946.242	116.086.121
. . Social security contributions	40.002.222	40.669.407	39.152.805
. . Employee termination indemnities	9.566.549	9.704.827	9.399.162
. . Pension and similar
. . Other costs	628.207	348.072	250.051
. Amortization and depreciation	61.664.357	67.787.197	65.709.042
. . Amortization of intangible fixed assets	1.137.058	1.695.999	3.482.024
. . Amortization of tangible fixed assets	56.964.039	54.855.908	58.775.659
. . Depreciation of tangible fixed assets
. . Writedown of current receiv.and of liquid	3.563.260	11.235.290	3.451.359
. Changes in raw materials	187.416.992	-253.750.776	229.876.280
. Provisions to risk reserves	3.000.000	1.170.000	4.500.000
. Other provisions
. Other operating costs	5.301.727	6.061.972	5.244.090
Total production costs	2.172.574.157	3.767.263.786	3.309.238.165
Diff. between value and cost of product.	67.921.649	122.943.905	218.646.624
FINANCIAL INCOME AND EXPENSE
. Income from equity investments		11.610.915
. . In subsidiary companies
. . In associated companies
. . In other companies
. Other financial income		17.626.765
. . Financ.income from receivables		158
. . . Towards subsidiary companies
. . . Towards associated companies
. . . Towards holding companies
. . . Towards other companies
. . Financ.income from secur. t.f.assets
. . Financ.income from secur. cur.assets		953.506
. . Financ.income other than the above		16.673.101
. . . - Subsidiary companies
. . . - Associated companies
. . . - Holding companies
. . . - Other companies
. Interest and other financial expense	-34.835.302	-91.260.699	-58.755.075
. . Towards subsidiary companies
. . Towards associated companies
. . Towards holding companies
. . Towards other companies	-34.835.302		-58.755.075
Total financial income and expense	-34.835.302	-62.023.019	-58.755.075
ADJUSTMENTS TO FINANCIAL ASSETS
. Revaluations	35.603.744
. . Of equity investments	35.603.744
. . Of financ.fixed assets not repres.E.I.
. . Of securities incl.among current assets
. Devaluation	-26.501.366	-15.339.153	-21.108.539
. . Of equity investments	-26.501.366	-15.339.153
. . Of financial fixed assets (no equity inv)
. . Of securities included among current ass			-21.108.539
Total adjustments to financial assets	9.102.378	-15.339.153	-21.108.539
EXTRAORDINARY INCOME AND EXPENSE
. Extraordinary income	1.676.272	418.089	256.081
. . Gains on disposals
. . Other extraordinary income	1.676.272	418.089	256.081
. Extraordinary expense		-4.357	-1.660.627
. . Losses on disposals
. . Taxes relating to prior years
. . Other extraordinary expense		-4.357	-1.660.627
Total extraordinary income and expense	1.676.272	413.732	-1.404.546
Results before income taxes	43.864.997	45.995.465	137.378.464
. Taxes on current income	15.351.964	15.509.500	58.283.217
. . current taxes	15.351.964	42.767.744	58.283.217
. . differed taxes(anticip.)		-27.258.244
. Net income for the period	28.513.033	30.485.965	79.095.247
. Adjustments in tax regulations pursuance
. Provisions in tax regulations pursuance
. Profit (loss) of the year	28.513.033	30.485.965	79.095.247

RATIOS	Value Type	as at 31/12/2009	as at 31/12/2008	as at 31/12/2007	Sector Average
COMPOSITION ON INVESTMENT
Rigidity Ratio	Units	0,38	0,30	0,26	0,20
Elasticity Ratio	Units	0,62	0,68	0,72	0,77
Availability of stock	Units	0,39	0,42	0,36	0,21
Total Liquidity Ratio	Units	0,24	0,26	0,36	0,51
Quick Ratio	Units	0,03	0,03	0,02	0,02
COMPOSITION ON SOURCE
Net Short-term indebtedness	Units	1,46	1,69	1,24	2,78
Self Financing Ratio	Units	0,30	0,28	0,34	0,21
Capital protection Ratio	Units	0,88	0,86	0,78	0,59
Liabilities consolidation quotient	Units	0,55	0,42	0,41	0,14
Financing	Units	2,25	2,39	1,74	3,33
Permanent Indebtedness Ratio	Units	0,54	0,48	0,52	0,39
M/L term Debts Ratio	Units	0,24	0,20	0,18	0,08
Net Financial Indebtedness Ratio	Units	0,94	1,23	0,45	0,98
CORRELATION
Fixed assets ratio	Units	1,43	1,62	2,00	1,82
Current ratio	Units	1,43	1,41	1,65	1,26
Acid Test Ratio-Liquidity Ratio	Units	0,54	0,53	0,82	0,87
Structure's primary quotient	Units	0,79	0,94	1,31	1,20
Treasury's primary quotient	Units	0,07	0,06	0,06	0,05
Rate of indebtedness ( Leverage )	%	337,26	351,74	290,75	463,58
Current Capital ( net )	Value	444.139.993	482.181.488	533.792.597	977.479
RETURN
Return on Sales	%	4,21	2,60	4,13	4,84
Return on Equity - Net- ( R.O.E. )	%	4,03	4,46	12,29	11,81
Return on Equity - Gross - ( R.O.E. )	%	6,20	6,73	21,35	29,23
Return on Investment ( R.O.I. )	%	2,85	5,12	11,68	7,15
Return/ Sales	%	3,17	3,26	6,25	6,14
Extra Management revenues/charges incid.	%	41,98	24,79	36,17	38,40
Cash Flow	Value	90.177.390	98.273.162	144.804.289	434.376
Operating Profit	Value	67.921.649	122.943.905	218.646.624	540.947
Gross Operating Margin	Value	129.616.006	190.742.802	284.400.666	796.310
MANAGEMENT
Credits to clients average term	Days	57,03	8,46	56,52	119,28
Debts to suppliers average term	Days	167,10	67,17	89,67	130,76
Average stock waiting period	Days	155,53	97,84	69,44	62,92
Rate of capital employed return ( Turnover )	Units	0,90	1,56	1,86	1,21
Rate of stock return	Units	2,31	3,67	5,18	5,71
Labour cost incidence	%	7,80	4,55	4,71	12,07
Net financial revenues/ charges incidence	%	- 1,63	- 1,64	- 1,67	- 1,29
Labour cost on purchasing expenses	%	7,69	4,55	4,98	12,51
Short-term financing charges	%	2,19	5,57	5,22	2,65
Capital on hand	%	111,53	63,73	53,48	82,16
Sales pro employee	Value	410.090	1.017.569	679.022	309.089
Labour cost pro employee	Value	32.000	46.371	32.004	36.091

Credit Opinion

On the basis of the above mentioned, and the sales volume obtained, we deem that the maximum exposure for short and medium term transactions ( 90 - 120 days ) could be of:

250.000 Eur.

Market / Territory Data

Population living in the province	:	390.957
Population living in the region	:	9.393.092
Number of families in the region	:	3.858.736

Monthly family expenses average in the region (in Eur.) :

- per food products	:	460
- per non food products	:	2.090
- per energy consume	:	114

Sector Data

The values are calculated on a base of 185 significant companies.

The companies cash their credits on an average of 119 dd.

The average duration of suppliers debts is about 130 dd.

The sector's profitability is on an average of 4,84%.

The labour cost affects the turnover in the measure of 12,07%.

Goods are held in stock in a range of 62 dd.

The difference between the sales volume and the resources used to realize it is about 1,21.

The employees costs represent the 12,51% of the production costs.

Statistical Detrimental Data

The area is statistically considered lowly risky.

In the region 50.886 protested subjects are found; in the province they count to 1.630.

The insolvency index for the region is 0,55, , while for the province it is 0,42.

Total Bankrupt companies in the province : 954.

Total Bankrupt companies in the region : 39.612.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.50
UK Pound	1	Rs.73.07
Euro	1	Rs.61.63

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.