MIRA INFORM REPORT

Report Date :

14.11.2014

IDENTIFICATION DETAILS

Name :	INDENA SPA

Registered Office :	Viale Ortles, 12 20139 - Milano (MI)

Country :	Italy

Financials (as on) :	31.12.2013

Date of Incorporation :	22.12.1927

Legal Form :	Joint stock company with sole shareholder

Line of Business :	Manufacture of pharmaceutical-based products Wholesale of medicines

No. of Employees :	From 251 to 500

RATING & COMMENTS

MIRA’s Rating :

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

Status :	Satisfactory

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 1, 2014

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Italy

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

ITALY - ECONOMIC OVERVIEW

Italy has a diversified industrial economy, which is divided into a developed industrial north, dominated by private companies, and a less-developed, highly subsidized, agricultural south, where unemployment is higher. The Italian economy is driven in large part by the manufacture of high-quality consumer goods produced by small and medium-sized enterprises, many of them family-owned. Italy also has a sizable underground economy, which by some estimates accounts for as much as 17% of GDP. These activities are most common within the agriculture, construction, and service sectors. Italy is the third-largest economy in the euro-zone, but its exceptionally high public debt and structural impediments to growth have rendered it vulnerable to scrutiny by financial markets. Public debt has increased steadily since 2007, topping 133% of GDP in 2013, but investor concerns about Italy and the broader euro-zone crisis eased in 2013, bringing down Italy's borrowing costs on sovereign government debt from euro-era. The government still faces pressure from investors and European partners to sustain its efforts to address Italy's long-standing structural impediments to growth, such as labor market inefficiencies and widespread tax evasion. In 2013 economic growth and labor market conditions deteriorated, with growth at -1.8% and unemployment rising to 12.4%, with youth unemployment around 40%. Italy's GDP is now 8% below its 2007 pre-crisis level.

Source : CIA

Company name and address

INDENA SPA

Viale Ortles, 12

20139 - Milano (MI) -IT-

Summary

Fiscal Code	:	00712180165
Legal Form	:	Joint stock company with sole shareholder
start of Activities	:	22/12/1927
Equity	:	Over 2.582.254
Turnover Range	:	100.000.000/150.000.000
Number of Employees	:	from 251 to 500
Group	:	DellaBeffa

Activity

Manufacture of pharmaceutical-based products

Wholesale of medicines

Legal Data

Legal Form : Joint stock company with sole shareholder

Fiscal Code : 00712180165

Foreign Trade Reg. no. : MI047825 since 17/12/1991

Foreign Trade Reg. no. : 47825 of Milano since 17/12/1991

Chamber of Commerce no. : 1048296 of Milano since 16/09/1980

Firms' Register : MI146-196038 of Milano since 19/02/1996

V.A.T. Code : 04411780150

Tribunal Co. Register : 196038 of

Foundation date	: 04/11/1977
Establishment date	: 04/11/1977
Start of Activities	: 22/12/1927
Legal duration	: 31/12/2034
Nominal Capital	: 14.245.000
Subscribed Capital	: 14.245.000
Paid up Capital	: 14.245.000

Members

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Verde.gif$

I D B Holding S.p.a

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ortles

, 12

- 20139

Milano

(MI)

- IT -

Position	Since	Shares Amount	% Ownership
Sole partner

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Prejudicial events are reported

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Protests registered

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Verde.gif$

Paini

Marco Angelo

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Milano

(MI)

on 21/03/1962

- Fiscal Code : PNAMCN62C21F205Q

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ortles

, 12

- 20139

Milano

(MI)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	23/10/1998

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Prejudicial events are reported

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Protests registered

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Verde.gif$

Bertani

Valter

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Saronno

(VA)

on 30/12/1952

- Fiscal Code : BRTVTR52T30I441H

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ortles

, 12

- 20139

Milano

(MI)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	10/05/2012

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Prejudicial events are reported

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Protests registered

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Verde.gif$

Forni

Gianpaolo

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Alessandria

(AL)

on 04/05/1946

- Fiscal Code : FRNGPL46E04A182M

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Pacini Giovanni

, 30

- 20131

Milano

(MI)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	23/10/1998

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Prejudicial events are reported

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Protests registered

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Verde.gif$

Della Beffa

Luigi Angelo

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Milano

(MI)

on 12/05/1928

- Fiscal Code : DLLLNG28E12F205G

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ortles

, 12

- 20139

Milano

(MI)

- IT -

Position	Since	Shares Amount	% Ownership
Director	08/05/2014

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Verde.gif$

Giorgetti

Luca

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Milano

(MI)

on 31/07/1957

- Fiscal Code : GRGLCU57L31F205D

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ortles

, 12

- 20139

Milano

(MI)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	05/04/1991
Attorney with special power	19/11/1996
Director	08/05/2014
Managing Director	08/05/2014

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Prejudicial events are reported

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Protests registered

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Verde.gif$

Vignati

Fabio

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Milano

(MI)

on 05/05/1971

- Fiscal Code : VGNFBA71E05F205A

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ortles

, 12

- 20139

Milano

(MI)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	13/06/2008

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Prejudicial events are reported

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Protests registered

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Verde.gif$

Della Beffa

Benedetto

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Milano

(MI)

on 21/04/1971

- Fiscal Code : DLLBDT71D21F205V

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

San Martino

, 19

- 20122

Milano

(MI)

- IT -

Position	Since	Shares Amount	% Ownership
Director	08/05/2014

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Verde.gif$

Simoni

Giulio

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Genova

(GE)

on 09/03/1967

- Fiscal Code : SMNGLI67C09D969F

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ortles

, 12

- 20100

Milano

(MI)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	02/07/2002

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Prejudicial events are reported

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Protests registered

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Verde.gif$

Piotti

Andrea

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Gallarate

(VA)

on 04/02/1959

- Fiscal Code : PTTNDR59B04D869X

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ortles

, 12

- 20139

Milano

(MI)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	27/02/2003

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Prejudicial events are reported

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Protests registered

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Verde.gif$

Parenti

Alberto

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Milano

(MI)

on 09/04/1965

- Fiscal Code : PRNLRT65D09F205T

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ortles

, 12

- 20139

Milano

(MI)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	23/07/2003

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Prejudicial events are reported

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Protests registered

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Verde.gif$

Giavini

Daniele

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Busto Arsizio

(VA)

on 02/03/1969

- Fiscal Code : GVNDNL69C02B300D

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Roma

, 4

- 21052

Busto Arsizio

(VA)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	11/03/2005
Director	08/05/2014
Managing Director	08/05/2014

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Prejudicial events are reported

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Protests registered

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Verde.gif$

Fontanella

Umberto

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Castel San Giovanni

(PC)

on 10/06/1963

- Fiscal Code : FNTMRT63H10C261Z

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ortles

, 12

- 20139

Milano

(MI)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	11/03/2005

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Prejudicial events are reported

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Protests registered

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Verde.gif$

Foti

Vincenzo

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Milano

(MI)

on 18/09/1963

- Fiscal Code : FTOVCN63P18F205Q

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Don Minzoni

, 6

- 20090

Settala

(MI)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	01/10/2009

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Prejudicial events are reported

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Protests registered

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Verde.gif$

Della Beffa

Biagio Luigi

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Milano

(MI)

on 14/08/1973

- Fiscal Code : DLLBLG73M14F205A

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Italia

, 47

- 20122

Milano

(MI)

- IT -

Position	Since	Shares Amount	% Ownership
Director	08/05/2014
Board Chairman	08/05/2014

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Prejudicial events are reported

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Protests registered

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Verde.gif$

Vitale

Ornella

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in San Giuliano Milanese

(MI)

on 01/06/1960

- Fiscal Code : VTLRLL60H41H930D

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ortles

, 12

- 20139

Milano

(MI)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	26/07/2010

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Prejudicial events are reported

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Protests registered

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Verde.gif$

Spadari

Ennio

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Milano

(MI)

on 01/08/1966

- Fiscal Code : SPDNNE66M01F205D

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ortles

, 12

- 20139

Milano

(MI)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	26/07/2010

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Prejudicial events are reported

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Protests registered

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Verde.gif$

Viappiani

Andrea Angelo

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Milano

(MI)

on 10/10/1972

- Fiscal Code : VPPNRN72R10F205K

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ortles

, 12

- 20139

Milano

(MI)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	15/12/2010

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Prejudicial events are reported

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Protests registered

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Verde.gif$

Granata

Rosa Luigia

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Rivolta d'Adda

(CR)

on 05/11/1962

- Fiscal Code : GRNRLG62S45H357F

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ortles

, 12

- 20100

Milano

(MI)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	12/04/2011

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Prejudicial events are reported

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Protests registered

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Verde.gif$

Ventura

Adalberto

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Milano

(MI)

on 06/12/1981

- Fiscal Code : VNTDBR81T06F205Z

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ortles

, 12

- 20139

Milano

(MI)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	28/04/2014

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Prejudicial events are reported

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Protests registered

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Verde.gif$

Ronchi

Cesare

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Vimercate

(MB)

on 08/03/1930

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ripamonti

, 0099

- 20100

Milano

(MI)

- IT -

Position	Since	Shares Amount	% Ownership
Attorney with special power	21/12/1983

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

No Protests registered

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Verde.gif$

Bellini

Giampiero Alviero Gino

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Firenze

(FI)

on 26/08/1936

- Fiscal Code : BLLGPR36M26D612J

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Mario Pagano

, 52

- 20145

Milano

(MI)

- IT -

Position	Since	Shares Amount	% Ownership
Director	08/05/2014

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.

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Verde.gif$

I D B Holding S.p.a

Firm's Style	Seat	Fiscal Code	Position	Position Status	Firm's Status
Bernett S.r.l.	Milano (MI) - IT -	00272390139	Sole partner	Active	Registered

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Verde.gif$

Giorgetti

Luca

Firm's Style	Seat	Fiscal Code	Position	Position Status	Firm's Status
Bernett S.r.l.	Milano (MI) - IT -	00272390139	Director	Active	Registered
Bernett S.r.l.	Milano (MI) - IT -	00272390139	Procurator	Active	Registered
Bernett S.r.l.	Milano (MI) - IT -	00272390139	Board Chairman	Active	Registered
Scharper S.p.a.	Milano (MI) - IT -	09098120158	Director	Active	Registered
Inverni Della Beffa S.r.l.	Milano (MI) - IT -	01262850223	Sole Director	Withdrawn	Registered
Produzioni Farmaceutiche S.r.l.	Milano (MI) - IT -	03137680173	Sole Director	Withdrawn	Registered
Produzioni Farmaceutiche S.r.l.	Milano (MI) - IT -	03137680173	Procurator	Active	Registered

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Verde.gif$

Giavini

Daniele

Firm's Style	Seat	Fiscal Code	Position	Position Status	Firm's Status
Bernett S.r.l.	Milano (MI) - IT -	00272390139	Procurator	Active	Registered

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Verde.gif$

Della Beffa

Biagio Luigi

Firm's Style	Seat	Fiscal Code	Position	Position Status	Firm's Status
I D B Holding S.p.a	Milano (MI) - IT -	00737110155	Director	Active	Registered
Bernett S.r.l.	Milano (MI) - IT -	00272390139	Director	Active	Registered
Dibifin S.r.l.	Milano (MI) - IT -	07834980158	Director	Active	Registered
C.i.p.a. - Compagnia Immobiliare Previdenza Agricoltura S.a.s. Di Benedetto Dell	Milano (MI) - IT -	00934280157	Limited Partner	Active	Registered
C.i.p.a. - Compagnia Immobiliare Previdenza Agricoltura S.a.s. Di Benedetto Dell	Milano (MI) - IT -	00934280157	Procurator	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
Indena Spa	Milano - IT -	00712180165	256.539 .Eur	1,80
I D B Holding S.p.a	Milano - IT -	00737110155		100,00

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
Indena Spa	Milano - IT -	00712180165	256.539 .Eur	1,80			Active

Firm's location and structure

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

Legal and operative seat

since 04/11/1977

Ortles

, 12

- 20100

- Milano

(MI)

- IT -

PHONE

: 02574961

FAX	: 0257404620

Website

: www.indena.com

Branch

(Factory)

since 01/04/1985

Don Minzoni

, 0006

- 20090

- Settala

(MI)

- IT -

PHONE

: 02574961

Branch

(office)

since 01/05/1994

Ortles

, 12

- 20100

- Milano

(MI)

- IT -

PHONE

: 02574561

Employees

: 476

Fittings and Equipment for a value of 29.250.000

Eur

Stocks for a value of 70.560.000

Eur

Furniture and fittings for a value of 290.000

Eur

Vehicles for a value of 59.000

Eur

Trade organization: direct or by agents.

The company sells in Italy and abroad.

The firm operates abroad as exporter..

To purchase foreign products the firm uses the following channels :

- direct orders to foreign companies

Export trade is the 90 % of the global turnover.

Products abroad are placed by :

- its own agents

- its own foreign branches

Import comes generally from the following nations:

- Italy

- Argentina

- France

- Great Britain

- Belgium

- Germany

- Norway

- Poland

- Svizzera

- Hungary

Export is mainly towards:

- Italy

- France

- Hungary

Historical Information and/or Firm's Status

EX-MEMBERS / EX-POSITIONS:

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I D B Holding S.p.a

- Fiscal Code : 00737110155

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Residence:

Ortles

, 12

- 20139

Milano

(MI)

- IT -

Ex-Postions

Sole partner

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Bertani

Valter

Born in Saronno

(VA)

on 30/12/1952

- Fiscal Code : BRTVTR52T30I441H

Residence:

Ortles

, 12

- 20139

Milano

(MI)

- IT -

Ex-Postions

Procurator

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Seghizzi

Roberto

Born in Milano

(MI)

on 29/10/1953

- Fiscal Code : SGHRRT53R29F205T

Residence:

Campania

, 30

- 20133

Milano

(MI)

- IT -

Ex-Postions

Procurator

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Cociancich

Ermanno

Born in San Lorenzo Di Umago

( )

on 29/07/1937

- Fiscal Code : CCNRNN37L29L491R

Residence:

Ripamonti

, 0099

- 20100

Milano

(MI)

- IT -

Ex-Postions

Procurator

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Cucci

Alberto

Born in Milano

(MI)

on 20/09/1940

- Fiscal Code : CCCLRT40P20F205K

Residence:

Ortles

, 12

- 20139

Milano

(MI)

- IT -

Ex-Postions

Attorney with special power

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Cornacchia

Giuseppe Rubens

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Born in Milano

(MI)

on 01/09/1949

- Fiscal Code : CRNGPP49P01F205G

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Breno

, 7

- 20100

Milano

(MI)

- IT -

Ex-Postions

Procurator

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Forni

Gianpaolo

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Born in Alessandria

(AL)

on 04/05/1946

- Fiscal Code : FRNGPL46E04A182M

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Pacini Giovanni

, 30

- 20131

Milano

(MI)

- IT -

Ex-Postions

Director

Procurator

Director

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Ronchi

Cesare

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Vimercate

(MB)

on 08/03/1930

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ripamonti

, 0099

- 20100

Milano

(MI)

- IT -

Ex-Postions

Attorney with special power

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RONCHI

CESARE

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in VIMERCATE

(MB)

on 08/03/1930

- Fiscal Code : RNCCSR30C08M052H

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

RIPAMONTI

, 0099

- 20100

Milano

(MI)

- IT -

Ex-Postions

Attorney with special power

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Rosso.gif$

LATTUADA

MASSIMO

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in MILANO

(MI)

on 03/08/1957

- Fiscal Code : LTTMSM57M03F205L

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

MARINA

, 1

- 20050

Lesmo

(MB)

- IT -

Ex-Postions

Attorney with special power

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Simoni

Giulio

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Genova

(GE)

on 09/03/1967

- Fiscal Code : SMNGLI67C09D969F

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ortles

, 12

- 20100

Milano

(MI)

- IT -

Ex-Postions

Procurator

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Piotti

Andrea

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Gallarate

(VA)

on 04/02/1959

- Fiscal Code : PTTNDR59B04D869X

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ortles

, 12

- 20139

Milano

(MI)

- IT -

Ex-Postions

Procurator

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ARIENTI

GIOVANNI

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in SEREGNO

(MB)

on 01/08/1947

- Fiscal Code : RNTGNN47M01I625Q

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

RIPAMONTI

, 0099

- 20100

Milano

(MI)

- IT -

Ex-Postions

Attorney with special power

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Rosso.gif$

Parenti

Alberto

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Milano

(MI)

on 09/04/1965

- Fiscal Code : PRNLRT65D09F205T

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ortles

, 12

- 20139

Milano

(MI)

- IT -

Ex-Postions

Procurator

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Rosso.gif$

Giavini

Daniele

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Busto Arsizio

(VA)

on 02/03/1969

- Fiscal Code : GVNDNL69C02B300D

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Roma

, 4

- 21052

Busto Arsizio

(VA)

- IT -

Ex-Postions

Procurator

General Director

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Fontanella

Umberto

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Castel San Giovanni

(PC)

on 10/06/1963

- Fiscal Code : FNTMRT63H10C261Z

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ortles

, 12

- 20139

Milano

(MI)

- IT -

Ex-Postions

Procurator

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Rosso.gif$

Virello

Onelia

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Candiana

(PD)

on 07/02/1955

- Fiscal Code : VRLNLO55B47B589O

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ortles

, 12

- 20100

Milano

(MI)

- IT -

Ex-Postions

Procurator

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Rosso.gif$

Ronchi

Cesare

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Vimercate

(MB)

on 08/03/1930

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ripamonti

, 0099

- 20100

Milano

(MI)

- IT -

Ex-Postions

Attorney with special power

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Rosso.gif$

Ronchi

Cesare

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Vimercate

(MB)

on 08/03/1930

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ripamonti

, 0099

- 20100

Milano

(MI)

- IT -

Ex-Postions

Attorney with special power

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Rosso.gif$

Ronchi

Cesare

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Vimercate

(MB)

on 08/03/1930

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ripamonti

, 0099

- 20100

Milano

(MI)

- IT -

Ex-Postions

Attorney with special power

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Rosso.gif$

Ronchi

Cesare

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Vimercate

(MB)

on 08/03/1930

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ripamonti

, 0099

- 20100

Milano

(MI)

- IT -

Ex-Postions

Attorney with special power

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Rosso.gif$

Ronchi

Cesare

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Vimercate

(MB)

on 08/03/1930

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ripamonti

, 0099

- 20100

Milano

(MI)

- IT -

Ex-Postions

Attorney with special power

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Rosso.gif$

I D B Holding S.p.a

- Fiscal Code : 00737110155

Ex-Postions

Partner

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Rosso.gif$

SALOMONI

MARCO

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in MILANO

(MI)

on 18/07/1954

- Fiscal Code : SLMMRC54L18F205X

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

DOMENICHINO

, 14

- 20100

MILANO

(MI)

- IT -

Ex-Postions

Temporary Auditor

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Rosso.gif$

Ronchi

Cesare

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Vimercate

(MB)

on 08/03/1930

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ripamonti

, 0099

- 20100

Milano

(MI)

- IT -

Ex-Postions

Attorney with special power

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Rosso.gif$

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ortles

, 12

- 20139

Milano

(MI)

- IT -

Ex-Postions

Director

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Rosso.gif$

Fuson

Andrea

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Monza

(MB)

on 14/02/1976

- Fiscal Code : FSNNDR76B14F704W

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Don Minzoni

, 6

- 20090

Settala

(MI)

- IT -

Ex-Postions

Attorney with special power

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Rosso.gif$

Ronchi

Cesare

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Vimercate

(MB)

on 08/03/1930

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ripamonti

, 0099

- 20100

Milano

(MI)

- IT -

Ex-Postions

Attorney with special power

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Rosso.gif$

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ortles

, 12

- 20139

Milano

(MI)

- IT -

Ex-Postions

Director

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Rosso.gif$

Boffi

Attilio

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in TORINO

(TO)

on 30/10/1941

- Fiscal Code : BFFTTL41R30L219S

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

RIPAMONTI

, 0099

- 20100

Milano

(MI)

- IT -

Ex-Postions

Procurator

Attorney with special power

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Rosso.gif$

Salomoni

Marco

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Milano

(MI)

on 18/07/1954

- Fiscal Code : SLMMRC54L18F205X

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Italia

, 1

- 20122

Milano

(MI)

- IT -

Ex-Postions

Temporary Auditor

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Rosso.gif$

Citi

Silvano

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in FIRENZE

(FI)

on 26/05/1914

- Fiscal Code : CTISVN14E26D612I

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

BERGOGNONE

, 31

- 20100

Milano

(MI)

- IT -

Ex-Postions

Director

Board Chairman

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Rosso.gif$

Pozzi

Roberto

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in MILANO

(MI)

on 13/06/1938

- Fiscal Code : PZZRRT38H13F205C

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

CHOPIN

, 111

- 20100

Milano

(MI)

- IT -

Ex-Postions

Works Manager

Technical Manager

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Rosso.gif$

Frangi

Enrico

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Como

(CO)

on 29/11/1935

- Fiscal Code : FRNNRC35S29C933X

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ripamonti

, 99

- 20136

Milano

(MI)

- IT -

Ex-Postions

Managing Director

Director

Managing Director

Director

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Rosso.gif$

Maisano

Domenico Lorenzo

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Milano

(MI)

on 06/02/1951

- Fiscal Code : MSNDNC51B06F205D

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ripamonti Giuseppe

, 99

- 20136

Milano

(MI)

- IT -

Ex-Postions

Procurator

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Rosso.gif$

Cervieri Tamiazzo

Carlo

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Milano

(MI)

on 04/07/1954

- Fiscal Code : CRVCRL54L04F205C

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ripamonti

, 99

- 20136

Milano

(MI)

- IT -

Ex-Postions

Procurator

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Rosso.gif$

Giorgetti

Luca Maria Giorgio

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Milano

(MI)

on 31/07/1957

- Fiscal Code : GRGLMR57L31F205N

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ripamonti

, 99

- 20100

Milano

(MI)

- IT -

Ex-Postions

Director

Attorney with special power

Procurator

Director

Attorney with special power

Procurator

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Rosso.gif$

Manzoni

Paolo

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Barzio

(CO)

on 27/11/1943

- Fiscal Code : MNZPLA43S27A687A

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ripamonti

, 99

- 20100

Milano

(MI)

- IT -

Ex-Postions

Attorney with special power

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Rosso.gif$

Gasparetti

Marco

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Milano

(MI)

on 27/12/1945

- Fiscal Code : GSPMRC45T27F205Y

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Tabacchi

, 3

- 20136

Milano

(MI)

- IT -

Ex-Postions

Procurator

Attorney with special power

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Rosso.gif$

Bonacorsi

Dario

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in CAIRO MONTENOTTE

(SV)

on 13/08/1942

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

ORTLES

, 12

- 20100

Milano

(MI)

- IT -

Ex-Postions

Board Chairman

Assistant board Chairman

Managing Director

Director

Managing Director

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Rosso.gif$

Palianti

Giuseppe

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in MILANO

(MI)

on 15/01/1934

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

ORTLES

, 12

- 20100

Milano

(MI)

- IT -

Ex-Postions

Managing Director

Board Chairman

Director

Managing Director

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Rosso.gif$

Della Beffa

Luigi

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Born in MILANO

(MI)

on 12/05/1928

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Residence:

ORTLES

, 12

- 20100

Milano

(MI)

- IT -

Ex-Postions

Director

Assistant board Chairman

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Palianti

Giuseppe

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Born in Milano

(MI)

on 15/01/1934

- Fiscal Code : PLNGPP34A15F205D

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Residence:

Ortles

, 12

- 20139

Milano

(MI)

- IT -

Ex-Postions

Director

Managing Director

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Zanello

Ugo

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Born in Milano

(MI)

on 16/06/1962

- Fiscal Code : ZNLGUO62H16F205T

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Residence:

Bianca Maria

, 24

- 20123

Milano

(MI)

- IT -

Ex-Postions

Permanent Auditor

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Ronchi

Cesare

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Born in Vimercate

(MB)

on 08/03/1930

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Residence:

Ripamonti

, 0099

- 20100

Milano

(MI)

- IT -

Ex-Postions

Attorney with special power

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Ronchi

Cesare

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Vimercate

(MB)

on 08/03/1930

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ripamonti

, 0099

- 20100

Milano

(MI)

- IT -

Ex-Postions

Attorney with special power

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Ronchi

Cesare

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Vimercate

(MB)

on 08/03/1930

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ripamonti

, 0099

- 20100

Milano

(MI)

- IT -

Ex-Postions

Attorney with special power

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Monti

Enrico

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Born in Milano

(MI)

on 24/01/1946

- Fiscal Code : MNTNRC46A24F205O

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Residence:

Italia

, 1

- 20100

Milano

(MI)

- IT -

Ex-Postions

Temporary Auditor

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Bonacorsi

Dario

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Born in Cairo Montenotte

(SV)

on 13/08/1942

- Fiscal Code : BNCDRA42M13B369X

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ortles

, 12

- 20139

Milano

(MI)

- IT -

Ex-Postions

Managing Director

Director

Board Chairman

Managing Director

Director

Board Chairman

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Palianti

Giuseppe

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Milano

(MI)

on 15/01/1934

- Fiscal Code : PLNGPP34A15F205D

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Residence:

Cesare Beruto

, 10

- 20131

Milano

(MI)

- IT -

Ex-Postions

Director

Managing Director

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Ronchi

Cesare

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Vimercate

(MB)

on 08/03/1930

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ripamonti

, 0099

- 20100

Milano

(MI)

- IT -

Ex-Postions

Attorney with special power

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Rosso.gif$

Ronchi

Cesare

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Born in Vimercate

(MB)

on 08/03/1930

$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Vuoto.gif$

Residence:

Ripamonti

, 0099

- 20100

Milano

(MI)

- IT -

Ex-Postions

Attorney with special power

Protests

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

Data Base Prejudicial Events Search

Search performed on a National Scale

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Prejudicial Events Search Result: NEGATIVE

Search performed on a specialized data base.

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
CARIPLO-C.R.PROV.LOMBARDE SPA					6070	0

Financial and Economical Analysis

The company is active since 1927

The analysis is based on the latest 3 balance sheets.

Under an economic point of view, profits were registered during the last years with a r.o.e. of 0,8% in 2013 with a stable trend in the turnover.

The return on Investment in the last financial year was positive (2,26%) falling within the field's average.

The amount of the operating result for the year 2013 is of Eur. 3.686.952 with a more then 100% growth.

A gross operating margine for a value of Eur. 13.257.714 was reached. with no sensible increase as against 2012.

From a financial aspect the company's status covers total short-term debts; the indebtedness volume in 2013 is in fact 0,23 and with an upward trend compared to the previous year.

Subject can manage an equity capital funds for an amount of Eur. 105.468.002 , unchanged if compared to 2012.

Total debts recorded amounted to Eur. 51.418.666 (Eur. 25.000.000 of which were m/l term debts) with no important change.

Bank and suppliers credit recourse is limited, 53,7 gg. is payment average period which is also lower than the sector average.

The management determines a good range of liquidity.

As to due from customers, the average terms are 61,74 days. , a value lower than the sector's average.

2013 financial year closed with a cash flow of Eur. 10.261.626

In the last financial year labour cost was of Eur. 31.421.777, with a 25,69% incidence on total costs of production. , whereas the incidence of such costs on sales revenues is equal to 25,97%.

If compared to the sales volume (-1,22%), the impact of the financial charges is limited.

Financial Data

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Complete balance-sheet for the year

al 31/12/2013

(in Eur

x 1)

Item Type	Value
Sales	121.002.970
Profit (Loss) for the period	840.864

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Complete balance-sheet for the year

al 31/12/2012

(in Eur

x 1)

Item Type	Value
Sales	117.543.423
Profit (Loss) for the period	687.919

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Complete balance-sheet for the year

al 31/12/2011

(in Eur

x 1)

Item Type	Value
Sales	117.331.248
Profit (Loss) for the period	444.660

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Complete balance-sheet for the year

al 31/12/2010

(in Eur

x 1)

Item Type	Value
Sales	102.173.470
Profit (Loss) for the period	-1.624.328

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Complete balance-sheet for the year

al 03/12/2009

(in Eur

x 1)

Item Type	Value
Sales	101.330.080
Profit (Loss) for the period	-3.976.778

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 31/12/2013 - 12 Mesi - Currency: - Amounts x 1

- Balance Sheet as at 31/12/2012 - 12 Mesi - Currency: - Amounts x 1

- Balance Sheet as at 31/12/2011 - 12 Mesi - Currency: - Amounts x 1

Years

2013

2012

2011

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	140.000	142.395	146.133
. . Research,develop. and advert.expens.	1.478.010
. . Industrial patent rights	2.262.978	2.396.642	2.559.313
. . Concessions,licenses,trademarks,etc.	2.600.035	2.625.780	2.511.524
. . Goodwill
. . Assets in formation and advance paymen.
. . Other intangible fixed assets	847.400	1.308.508	395.895
. Total Intangible Fixed Assets	7.328.423	6.473.325	5.612.865
. TANGIBLE FIXED ASSETS
. . Real estate	5.142.145	5.772.610	5.953.947
. . Plant and machinery	26.935.400	29.580.028	28.992.463
. . Industrial and commercial equipment	2.310.566	1.800.142	1.628.660
. . Other assets	107.836	133.429	110.228
. . Assets under construction and advances	5.662.109	4.713.831	9.448.694
. Total Tangible fixed assets	40.158.056	42.000.040	46.133.992
. FINANCIAL FIXED ASSETS
. . Equity investments	5.643.091	5.643.091	5.909.049
. . . Equity invest. in subsidiary companies	5.633.745	5.633.745	5.899.703
. . . Equity invest. in associated companies	5.000
. . . Equity invest. in holding companies
. . . Equity invest. in other companies	4.346	9.346	9.346
. . Financial receivables
. . . . Within 12 months
. . . . Beyond 12 months
. . . 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
. . . . Within 12 months
. . . . Beyond 12 months
. . Other securities			740.000
. . Own shares	230.198	230.198	230.198
. . . Total nominal value
. Total financial fixed assets	5.873.289	5.873.289	6.879.247
Total fixed assets	53.359.768	54.346.654	58.626.104
CURRENT ASSETS
. INVENTORIES
. . Raw materials and other consumables	16.661.165	14.310.237	14.333.038
. . Work in progress and semimanufactured	8.057.296	7.705.200	6.639.704
. . Work in progress on order
. . Finished goods	41.167.065	44.634.045	39.997.915
. . Advance payments	4.677.677	4.508.568	4.696.940
. Total Inventories	70.563.203	71.158.050	65.667.597
. CREDITS NOT HELD AS FIXED ASSETS
. . Within 12 months	35.013.680	37.850.980	31.424.894
. . Beyond 12 months	1.009.724	1.566.042	1.028.901
. . Trade receivables	20.752.001	21.429.124	16.502.284
. . . . Within 12 months	20.752.001	21.429.124	16.502.284
. . . . Beyond 12 months
. . Receivables due from subsid. comp.	110.147	78.602	75.000
. . . . Within 12 months	110.147	78.602	75.000
. . . . Beyond 12 months
. . Receivables due from assoc. comp.	11.337.384	13.822.211	12.467.376
. . . . Within 12 months	11.337.384	13.822.211	12.467.376
. . . . Beyond 12 months
. . Receivables due from holding comp.	20.413	737.892	32.836
. . . . Within 12 months	20.413	737.892	32.836
. . . . Beyond 12 months
. . Fiscal Receivables	1.943.062	1.134.073	1.451.865
. . . . Within 12 months	1.943.062	1.134.073	1.451.865
. . . . Beyond 12 months
. . Receivables for anticipated taxes	1.318.641	1.842.557	1.626.201
. . . . Within 12 months	341.271	308.893	629.678
. . . . Beyond 12 months	977.370	1.533.664	996.523
. . Receivables due from third parties	541.756	372.563	298.233
. . . . Within 12 months	509.402	340.185	265.855
. . . . Beyond 12 months	32.354	32.378	32.378
. Total Credits not held as fixed assets	36.023.404	39.417.022	32.453.795
. FINANCIAL ASSETS
. . Equity invest. in subsidiary comp.
. . Equity invest. in associated companies
. . Equity invest. in holding companies
. . Other equity investments
. . Own shares
. . . Total nominale value
. . Other securities
. Total Financial Assets
. LIQUID FUNDS
. . Bank and post office deposits	2.005.334	2.000.583	6.076.517
. . Checks
. . Banknotes and coins	23.401	13.316	26.035
. Total Liquid funds	2.028.735	2.013.899	6.102.552
Total current assets	108.615.342	112.588.971	104.223.944
ADJUSTMENT ACCOUNTS
. Discount on loans		316.742	825.598
. Other adjustment accounts	1.197.513
Total adjustments accounts	1.197.513	316.742	825.598
TOTAL ASSETS	163.172.623	167.252.367	163.675.646

LIABILITIES
STOCKHOLDERS' EQUITY
. Capital stock	14.245.000	14.245.000	14.245.000
. Additional paid-in capital
. Revaluation reserves	5.844.374	5.844.374	5.844.374
. Legal reserve	2.849.000	2.849.000	2.849.000
. Reserve for Own shares		230.198	230.198
. Statute reserves	230.198
. Other reserves	81.458.566	81.310.742	80.866.082
. Accumulated Profits (Losses)
. Profit( loss) of the year	840.864	687.919	444.660
. Advances on dividends
. Partial loss of the year Coverage
Total Stockholders'Equity	105.468.002	105.167.233	104.479.314
RESERVES FOR RISKS AND CHARGES
. . Reserve for employee termination indem.
. . Taxation fund, also differed	209.329	231.907	336.910
. . Other funds
Total Reserves for Risks and Charges	209.329	231.907	336.910
Employee termination indemnities	6.009.290	6.101.961	6.231.284
ACCOUNTS PAYABLE
. . . . Within 12 months	26.418.666	29.301.567	20.953.594
. . . . Beyond 12 months	25.000.000	26.449.679	31.649.398
. . Bonds	7.000.000	7.000.000	7.000.000
. . . . Within 12 months
. . . . Beyond 12 months	7.000.000	7.000.000	7.000.000
. . Convertible bonds repayable
. . . . Within 12 months
. . . . Beyond 12 months
. . Due to shareholders for financing	18.000.000	19.300.000	24.200.000
. . . . Within 12 months
. . . . Beyond 12 months	18.000.000	19.300.000	24.200.000
. . Due to banks	8.639.543	4.000.000
. . . . Within 12 months	8.639.543	4.000.000
. . . . Beyond 12 months
. . Due to other providers of finance	149.679	447.919	744.674
. . . . Within 12 months	149.679	298.240	295.276
. . . . Beyond 12 months		149.679	449.398
. . Advances from customers		18.550	29.546
. . . . Within 12 months		18.550	29.546
. . . . Beyond 12 months
. . Trade payables	9.795.164	14.600.086	13.644.399
. . . . Within 12 months	9.795.164	14.600.086	13.644.399
. . . . Beyond 12 months
. . Securities issued
. . . . Within 12 months
. . . . Beyond 12 months
. . Due to subsidiary companies	48.485	87.728	52.749
. . . . Within 12 months	48.485	87.728	52.749
. . . . Beyond 12 months
. . Due to associated companies	2.265.047	2.081.583	2.025.769
. . . . Within 12 months	2.265.047	2.081.583	2.025.769
. . . . Beyond 12 months
. . Due to holding companies	158.337	3.345.033	167.362
. . . . Within 12 months	158.337	3.345.033	167.362
. . . . Beyond 12 months
. . Due to the tax authorities	1.796.454	1.658.925	1.548.324
. . . . Within 12 months	1.796.454	1.658.925	1.548.324
. . . . Beyond 12 months
. . Due to social security and welfare inst.	1.783.548	1.675.990	1.648.814
. . . . Within 12 months	1.783.548	1.675.990	1.648.814
. . . . Beyond 12 months
. . Other payables	1.782.409	1.535.432	1.541.355
. . . . Within 12 months	1.782.409	1.535.432	1.541.355
. . . . Beyond 12 months
Total accounts payable	51.418.666	55.751.246	52.602.992
ADJUSTMENT ACCOUNTS
. Agio on loans
. Other adjustment accounts	67.336	20	25.146
Total adjustment accounts	67.336	20	25.146
TOTAL LIABILITIES	163.172.623	167.252.367	163.675.646

MEMORANDUM ACCOUNTS

Third party goods
Investment accounts			1.461.338
Risk accounts			4.354.426
Civil and fiscal norms relation

PROFIT AND LOSS ACCOUNTS

VALUE OF PRODUCTION
. Revenues from sales and services	121.002.970	117.543.423	117.331.245
. Changes in work in progress	-2.964.885	5.701.626	3.737.258
. Changes in semi-manufact. products
. Capitalization of internal work	1.734.280		208.151
. Other income and revenues	6.236.046	8.286.047	6.328.069
. . Contributions for operating expenses			152.087
. . Different income and revenues	6.236.046	8.286.047	6.175.982
Total value of production	126.008.411	131.531.096	127.604.723
PRODUCTION COSTS
. Raw material,other materials and consum.	49.348.986	53.126.072	53.834.874
. Services received	30.607.118		29.068.588
. Leases and rentals	2.287.820	33.487.538	1.958.032
. Payroll and related costs	31.421.777	29.993.824	29.024.651
. . Wages and salaries	22.303.050	21.567.172	20.361.428
. . Social security contributions	7.400.703	6.734.592	6.932.005
. . Employee termination indemnities	1.463.974	1.460.648	1.498.563
. . Pension and similar
. . Other costs	254.050	231.412	232.655
. Amortization and depreciation	9.420.762	9.816.422	9.764.799
. . Amortization of intangible fixed assets	2.025.864	1.884.951	1.551.223
. . Amortization of tangible fixed assets	7.394.898	7.931.471	8.213.576
. . Depreciation of tangible fixed assets
. . Writedown of current receiv.and of liquid
. Changes in raw materials	-2.070.535	22.801	2.030.875
. Provisions to risk reserves
. Other provisions	150.000		300.000
. Other operating costs	1.155.531	3.536.887	733.716
Total production costs	122.321.459	129.983.544	126.715.535
Diff. between value and cost of product.	3.686.952	1.547.552	889.188
FINANCIAL INCOME AND EXPENSE
. Income from equity investments
. . In subsidiary companies
. . In associated companies
. . In other companies
. Other financial income	56.278	94.754	192.465
. . Financ.income from receivables
. . . Towards subsidiary companies
. . . Towards associated companies
. . . Towards holding companies
. . . Towards other companies
. . Financ.income from secur. t.f.assets		7.879	12.243
. . Financ.income from secur. cur.assets
. . Financ.income other than the above		86.875	180.222
. . . - Subsidiary companies
. . . - Associated companies		25.482	77.646
. . . - Holding companies
. . . - Other companies		61.393	102.576
. Interest and other financial expense	-1.531.304	-1.053.217	-504.435
. . Towards subsidiary companies
. . Towards associated companies			-8.593
. . Towards holding companies		-205.695	-359.433
. . Towards other companies		1.053.217	504.435
Total financial income and expense	-1.475.026	-958.463	-311.970
ADJUSTMENTS TO FINANCIAL ASSETS
. Revaluations
. . Of equity investments
. . Of financ.fixed assets not repres.E.I.
. . Of securities incl.among current assets
. Devaluation
. . Of equity investments
. . Of financial fixed assets (no equity inv)
. . Of securities included among current ass
Total adjustments to financial assets
EXTRAORDINARY INCOME AND EXPENSE
. Extraordinary income	319.843	1.074.356	1.173.846
. . Gains on disposals
. . Other extraordinary income	319.843	1.074.356	1.173.846
. Extraordinary expense		-9.027	-87.777
. . Losses on disposals
. . Taxes relating to prior years		-9.027	-87.777
. . Other extraordinary expense
Total extraordinary income and expense	319.843	1.065.329	1.086.069
Results before income taxes	2.531.769	1.654.418	1.663.287
. Taxes on current income	1.690.905	966.499	1.218.627
. . current taxes	1.160.942	965.979	1.003.491
. . differed taxes(anticip.)	529.963	520	215.136
. Net income for the period	840.864	687.919	444.660
. Adjustments in tax regulations pursuance
. Provisions in tax regulations pursuance
. Profit (loss) of the year	840.864	687.919	444.660

RATIOS	Value Type	as at 31/12/2013	as at 31/12/2012	as at 31/12/2011	Sector Average
COMPOSITION ON INVESTMENT
Rigidity Ratio	Units	0,33	0,32	0,36	0,36
Elasticity Ratio	Units	0,67	0,67	0,64	0,71
Availability of stock	Units	0,43	0,43	0,40	0,10
Total Liquidity Ratio	Units	0,23	0,25	0,24	0,54
Quick Ratio	Units	0,01	0,01	0,04	0,01
COMPOSITION ON SOURCE
Net Short-term indebtedness	Units	0,23	0,26	0,14	1,36
Self Financing Ratio	Units	0,65	0,63	0,64	0,30
Capital protection Ratio	Units	0,86	0,86	0,86	0,62
Liabilities consolidation quotient	Units	1,17	1,11	1,81	0,17
Financing	Units	0,49	0,53	0,50	1,82
Permanent Indebtedness Ratio	Units	0,84	0,82	0,87	0,41
M/L term Debts Ratio	Units	0,19	0,19	0,23	0,12
Net Financial Indebtedness Ratio	Units	0,30	0,27	0,25	0,54
CORRELATION
Fixed assets ratio	Units	2,56	2,53	2,43	1,13
Current ratio	Units	4,11	3,84	4,97	1,27
Acid Test Ratio-Liquidity Ratio	Units	1,44	1,41	1,84	0,87
Structure's primary quotient	Units	1,98	1,94	1,78	0,64
Treasury's primary quotient	Units	0,08	0,07	0,29	0,05
Rate of indebtedness ( Leverage )	%	154,71	159,03	156,66	290,55
Current Capital ( net )	Value	82.196.676	83.287.404	83.270.350	2.945.207
RETURN
Return on Sales	%	8,48	8,94	8,70	7,09
Return on Equity - Net- ( R.O.E. )	%	0,80	0,65	0,43	3,44
Return on Equity - Gross - ( R.O.E. )	%	2,40	1,57	1,59	8,88
Return on Investment ( R.O.I. )	%	2,26	0,93	0,54	4,36
Return/ Sales	%	3,05	1,32	0,76	4,62
Extra Management revenues/charges incid.	%	22,81	44,45	50,01	40,92
Cash Flow	Value	10.261.626	10.504.341	10.209.459	2.671.250
Operating Profit	Value	3.686.952	1.547.552	889.188	855.930
Gross Operating Margin	Value	13.257.714	11.363.974	10.953.987	4.907.980
MANAGEMENT
Credits to clients average term	Days	61,74	65,63	50,63	94,42
Debts to suppliers average term	Days	53,70	83,60	67,41	108,11
Average stock waiting period	Days	209,93	217,94	201,48	57,93
Rate of capital employed return ( Turnover )	Units	0,74	0,70	0,72	0,88
Rate of stock return	Units	1,71	1,65	1,79	6,30
Labour cost incidence	%	25,97	25,52	24,74	20,88
Net financial revenues/ charges incidence	%	-1,22	-0,82	-0,27	-1,41
Labour cost on purchasing expenses	%	25,69	23,08	22,91	17,99
Short-term financing charges	%	2,98	1,89	0,96	3,65
Capital on hand	%	134,85	142,29	139,50	90,65
Sales pro employee	Value	256.362	125.446	129.361	182.152
Labour cost pro employee	Value	66.571	32.010	32.000	38.993

Market / Territory Data

Population living in the province	:	$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Spazio.gif$ 3.839.216
Population living in the region	:	$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Spazio.gif$ 9.393.092
Number of families in the region	:	$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Spazio.gif$ 3.858.736

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

- per food products	:	$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Spazio.gif$ 460
- per non food products	:	$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Spazio.gif$ 2.090
- per energy consume	:	$Description: C:\Users\Shraddha\AppData\Local\Temp\Rar$EXa0.096\Spazio.gif$ 114

Sector Data

The values are calculated on a base of 788 significant companies.

The companies cash their credits on an average of 94 dd.

The average duration of suppliers debts is about 108 dd.

The sector's profitability is on an average of 7,09%.

The labour cost affects the turnover in the measure of 20,88%.

Goods are held in stock in a range of 58 dd.

The difference between the sales volume and the resources used to realize it is about 0,88.

The employees costs represent the 17,99% of the production costs.

Statistical Detrimental Data

Statistically the trade activity shows trifling crises.

The area is statistically considered lowly risky.

In the region 50.886 protested subjects are found; in the province they count to 24.765.

The insolvency index for the region is 0,55, , while for the province it is 0,66.

Total Bankrupt companies in the province : 22.523.

Total Bankrupt companies in the region : 39.612.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.56
UK Pound	1	Rs.97.10
Euro	1	Rs.76.61

INFORMATION DETAILS

Analysis Done by :	DIV

Report Prepared by :	SNT

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
--	NB	New Business	--

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.

MIRA INFORM REPORT

Company name and address

Summary

Activity

Legal Data

Members

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Capital Shareholders

Direct Participations

Firm's location and structure

Historical Information and/or Firm's Status

Protests

Data Base Prejudicial Events Search

Legal Procedures

Financial and Economical Analysis

Financial Data

Balance Sheets

Market / Territory Data

Sector Data

Statistical Detrimental Data

Unit