MIRA INFORM REPORT

Report Date :

23.09.2014

IDENTIFICATION DETAILS

Name :	ITALMETALLI S.R.L.

Registered Office :	Via Confortino, 29/31 Crespellano 40053- Valsamoggia (Bo),

Country :	Italy

Financials (as on) :	31.12.2013

Date of Incorporation :	05.02.1963

Legal Form :	Limited Liability Company

Line of Business :	· Metallurgy Recovery and sorting of materials Wholesale of wrecks and industrial metal by-products

No. of Employees :	From 51 to 70

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 :	Slow but correct

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

Italmetalli S.r.l.

Via Confortino, 29/31 CRESPELLANO

40053 - Valsamoggia (BO) -IT-

Summary

Fiscal Code	:	00135620359
Legal Form	:	Limited liability company
start of Activities	:	22/10/1990
Equity	:	Over 2.582.254
Turnover Range	:	over 129.114.224
Number of Employees	:	from 51 to 70

Activity

· Metallurgy

Recovery and sorting of materials

Wholesale of wrecks and industrial metal by-products

Legal Data

Legal Form : Limited liability company

Fiscal Code : 00135620359

Foreign Trade Reg. no. : BO029638 since 08/09/1993

Foreign Trade Reg. no. : 29638 of Bologna

Foreign Trade Reg. no. : 029638 of Bologna since 08/09/1993

Chamber of Commerce no. : 318316 of Bologna since 18/11/1988

Chamber of Commerce no. : 364164 of Brescia since 17/04/1996

Firms' Register : BO006-50330 of Bologna since 19/02/1996

Firms' Register : BO006-50330 of Brescia since 25/06/1996

V.A.T. Code : 00495061202

Foundation date	: 05/02/1963
Establishment date	: 05/02/1963
Start of Activities	: 22/10/1990
Legal duration	: 31/12/2030
Nominal Capital	: 500.000
Subscribed Capital	: 500.000
Paid up Capital	: 500.000

Members

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Verde.gif$

Fiori

Fausto

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Born in Bologna

(BO)

on 02/07/1958

- Fiscal Code : FRIFST58L02A944T

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Residence:

F.santi

, 4

- 40011

Anzola dell'Emilia

(BO)

- IT -

Position	Since	Shares Amount	% Ownership
Director	30/06/2011
Managing Director	30/06/2011

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

No Prejudicial events are reported

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

No Protests registered

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Verde.gif$

Siliprandi

Lucio

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Born in Mantova

(MN)

on 28/06/1959

- Fiscal Code : SLPLCU59H28E897P

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Residence:

Giuseppe Garibaldi

, 76/B

- 48122

Ravenna

(RA)

- IT -

Position	Since	Shares Amount	% Ownership
Attorney with special power	08/05/2012

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

No Prejudicial events are reported

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

No Protests registered

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Verde.gif$

Fiori

Augusto

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Born in Vergato

(BO)

on 09/09/1948

- Fiscal Code : FRIGST48P09L762K

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Residence:

Massarenti

, 179/2

- 40100

Bologna

(BO)

- IT -

Position	Since	Shares Amount	% Ownership
Director	30/06/2011

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Verde.gif$

Fiori

Federica

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Born in Bologna

(BO)

on 30/07/1963

- Fiscal Code : FRIFRC63L70A944Y

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Residence:

G. Massarenti

, 177/10

- 40138

Bologna

(BO)

- IT -

Position	Since	Shares Amount	% Ownership
Director	21/01/2013

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Verde.gif$

Fiori

Matteo

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Born in Bologna

(BO)

on 06/11/1971

- Fiscal Code : FRIMTT71S06A944R

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Residence:

San Mamolo

, 3

- 40136

Bologna

(BO)

- IT -

Position	Since	Shares Amount	% Ownership
Director	30/06/2011
Board Chairman	30/06/2011
Managing Director	30/06/2011

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

No Prejudicial events are reported

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

No Protests registered

Fiori

Filipppo

Born in Bologna

(BO)

on 05/12/1972

- Fiscal Code : FRIFPP72T05A944W

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Residence:

E. MATTEI

, 38

- 40100

Bologna

(BO)

- IT -

Position	Since	Shares Amount	% Ownership
Attorney with special power	25/07/2008

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

No Prejudicial events are reported

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

No Protests registered

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Verde.gif$

Pollari Maglietta

Pierpaolo

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Born in Bologna

(BO)

on 12/03/1961

- Fiscal Code : PLLPPL61C12A944E

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Residence:

Pompeo Vizzani

, 61

- 40138

Bologna

(BO)

- IT -

Position	Since	Shares Amount	% Ownership
Attorney with special power	16/04/2014

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

No Prejudicial events are reported

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

No Protests registered

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Verde.gif$

Venturi

Vanzio

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Born in Bologna

(BO)

on 02/12/1965

- Fiscal Code : VNTVNZ65T02A944U

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Residence:

Ferrarese

, 118/8

- 40128

Bologna

(BO)

- IT -

Position	Since	Shares Amount	% Ownership
Attorney with special power	08/05/2012

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

No Prejudicial events are reported

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

No Protests registered

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Verde.gif$

Fiori

Francesca

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Born in Bologna

(BO)

on 30/11/1972

- Fiscal Code : FRIFNC72S70A944T

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Residence:

Santo Stefano

, 116

- 40125

Bologna

(BO)

- IT -

Position	Since	Shares Amount	% Ownership
Director	21/12/2011

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Verde.gif$

Trenti

Fabrizio

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Born in Bologna

(BO)

on 09/12/1967

- Fiscal Code : TRNFRZ67T09A944Y

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Residence:

Antonio Gramsci

, 17

- 40056

Crespellano

(BO)

- IT -

Position	Since	Shares Amount	% Ownership
Attorney with special power	08/05/2012

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

No Prejudicial events are reported

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

No Protests registered

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Verde.gif$

Fiori Metalli S.p.a.

Position	Since	Shares Amount	% Ownership
Partner

No Prejudicial events are reported

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.

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Verde.gif$

Fiori

Fausto

Firm's Style	Seat	Fiscal Code	Position	Position Status	Firm's Status
Fiori Metalli S.p.a.	Valsamoggia (BO) - IT -	03066610373	Director	Active	Registered
Ecofer S.r.l.	Roma (RM) - IT -	03806421008	Director	Withdrawn	Ceased
ITALMETALLI S.P.A.	Crespellano (BO) - IT -	00309980373	Director	Withdrawn	Merged
Bologna Trasporti S.r.l.	Valsamoggia (BO) - IT -	01429500174	Managing Director	Active	Registered
Bologna Trasporti S.r.l.	Valsamoggia (BO) - IT -	01429500174	Director	Active	Registered
Bologna Trasporti S.r.l.	Valsamoggia (BO) - IT -	01429500174	Sole Director	Withdrawn	Registered
Bologna Trasporti S.r.l.	Valsamoggia (BO) - IT -	01429500174	Board Chairman	Active	Registered
Ekoroma Societa' A Responsabilita' Limitata	Roma (RM) - IT -	04202791002	Director	Active	Registered
Italferro S.r.l.	Valsamoggia (BO) - IT -	01739411203	Attorney with special power	Active	Registered

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Verde.gif$

Fiori

Matteo

Firm's Style	Seat	Fiscal Code	Position	Position Status	Firm's Status
Fiori Metalli S.p.a.	Valsamoggia (BO) - IT -	03066610373	Vice-Chairman	Withdrawn	Registered
Fiori Metalli S.p.a.	Valsamoggia (BO) - IT -	03066610373	Director	Active	Registered
Fiori Metalli S.p.a.	Valsamoggia (BO) - IT -	03066610373	Assistant board Chairman	Active	Registered
Fiori Metalli S.p.a.	Valsamoggia (BO) - IT -	03066610373	Managing Director	Active	Registered
ITALMETALLI S.P.A.	Crespellano (BO) - IT -	00309980373	Chairman	Withdrawn	Merged
ITALMETALLI S.P.A.	Crespellano (BO) - IT -	00309980373	Director	Withdrawn	Merged
ITALMETALLI S.P.A.	Crespellano (BO) - IT -	00309980373	Managing Director	Withdrawn	Merged
ROMANA INDUSTRIALE S.R.L.	Roma (RM) - IT -	04538141005	Sole Director	Withdrawn	Registered
Italferro S.r.l.	Valsamoggia (BO) - IT -	01739411203	Managing Director	Active	Registered
Italferro S.r.l.	Valsamoggia (BO) - IT -	01739411203	Director	Active	Registered
Italferro S.r.l.	Valsamoggia (BO) - IT -	01739411203	Assistant board Chairman	Active	Registered
IMMOBILIARE CHIARA S.R.L.	- -	02091841201	Sole Director	Withdrawn	Registered
Immobiliare San Donato S.r.l.	Bologna (BO) - IT -	02091851200	Sole Director	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
Fiori Fausto	Anzola dell'Emilia - IT -	FRIFST58L02A944T	5 .Eur
Fiori Metalli S.p.a.		03066610373	499.995 .Eur	99,99

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
Italferro S.r.l.	Valsamoggia - IT -	01739411203	102 .Eur				Active
Consorzio Bolognese Energia - Galvani So cieta' Consortile A Responsabilita' Limi	Bologna - IT -	02034521209	2.232 .Eur	1,15			Active

Firm's location and structure

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

Legal and operative seat

since 22/10/1990

Confortino

, 29/31

- 40053

- Valsamoggia

(BO)

- IT -

PHONE

: 051650511

Branch

(Store)

since 08/11/1993

Bassa Dei Sassi

, 7

- 40100

- Bologna

(BO)

- IT -

Trading Style: ITALMETALLI DIVISIONE COMETAL

Employees

: 53

Assistants

: 1

Fittings and Equipment for a value of 990.000

Eur

Stocks for a value of 31.610.000

Eur

Trade organization: direct or by agents.

Sales converge to North and Central Italy.

Import comes generally from the following nations:

- Austria

- Germany

- France

Historical Information and/or Firm's Status

COMPANY STYLE MODIFICATIONS:

Former Style	New Style	Changement Date
Odissea S.r.l.		22/10/1990

EX-MEMBERS / EX-POSITIONS:

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Rosso.gif$

Fiori

Fausto

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Born in Bologna

(BO)

on 02/07/1958

- Fiscal Code : FRIFST58L02A944T

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Residence:

F.santi

, 4

- 40011

Anzola dell'Emilia

(BO)

- IT -

Ex-Postions

Attorney with special power

Managing Director

Siliprandi

Lucio

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Born in Mantova

(MN)

on 28/06/1959

- Fiscal Code : SLPLCU59H28E897P

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Residence:

Giuseppe Garibaldi

, 76/B

- 48122

Ravenna

(RA)

- IT -

Ex-Postions

Attorney with special power

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Rosso.gif$

Simoni

Paolo

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Born in Bologna

(BO)

on 15/01/1938

- Fiscal Code : SMNPLA38A15A944X

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Residence:

Erculea

, 9

- 20122

Milano

(MI)

- IT -

Ex-Postions

Chairman of the Board of Aud.

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Rosso.gif$

Loffredo

Eugenio

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Born in CARDITO

(NA)

on 21/01/1928

- Fiscal Code : LFFGNE28A21B759I

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Residence:

SAN MAMOLO

, 3

- 40100

Bologna

(BO)

- IT -

Ex-Postions

Attorney with special power

Board Chairman

Managing Director

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Rosso.gif$

Baraldi

Enrico

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Born in Ferrara

(FE)

on 21/01/1959

- Fiscal Code : BRLNRC59A21D548E

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Residence:

Castello

, 28

- 44100

Ferrara

(FE)

- IT -

Ex-Postions

Permanent Auditor

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Rosso.gif$

Di Giulio

Lorenzo

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Born in Rutino

(SA)

on 01/10/1928

- Fiscal Code : DGLLNZ28R01H644Z

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Residence:

Irma Bandiera

, 15

- 40050

Monte San Pietro

(BO)

- IT -

Ex-Postions

Permanent Auditor

Chairman of the Board of Aud.

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Rosso.gif$

Fiori

Matteo

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Born in Bologna

(BO)

on 06/11/1971

- Fiscal Code : FRIMTT71S06A944R

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Residence:

San Mamolo

, 3

- 40136

Bologna

(BO)

- IT -

Ex-Postions

Managing Director

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Rosso.gif$

Ferrari

Alberto

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Born in Bologna

(BO)

on 25/10/1959

- Fiscal Code : FRRLRT59R25A944Z

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Residence:

Massimo D'azeglio

, 27

- 40123

Bologna

(BO)

- IT -

Ex-Postions

Temporary Auditor

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Rosso.gif$

Marchesini

Grazia

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Born in Bologna

(BO)

on 05/06/1957

- Fiscal Code : MRCGRZ57H45A944L

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Residence:

Leandro Alberti

, 67

- 40137

Bologna

(BO)

- IT -

Ex-Postions

Temporary Auditor

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Rosso.gif$

Bonori

Anna Maria

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Born in Bologna

(BO)

on 20/09/1934

- Fiscal Code : BNRNMR34P60A944U

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Residence:

Riva Di Reno

, 54

- 40100

Bologna

(BO)

- IT -

Ex-Postions

Temporary Auditor

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Rosso.gif$

Naldi

Stefano

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Born in Bologna

(BO)

on 29/05/1961

- Fiscal Code : NLDSFN61E29A944I

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Residence:

Domokos

, 8

- 40100

Bologna

(BO)

- IT -

Ex-Postions

Permanent Auditor

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Rosso.gif$

Busi

Davide

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Born in Bologna

(BO)

on 03/08/1968

- Fiscal Code : BSUDVD68M03A944C

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Residence:

Barozzi

, 4

- 40100

Bologna

(BO)

- IT -

Ex-Postions

Temporary Auditor

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Rosso.gif$

Susanna

Marco Vinicio

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Born in Lucera

(FG)

on 03/11/1965

- Fiscal Code : SSNMCV65S03E716I

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Residence:

Quirico Filopanti

, 4

- 40126

Bologna

(BO)

- IT -

Ex-Postions

Permanent Auditor

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Rosso.gif$

Fiori

Filipppo

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Born in Bologna

(BO)

on 05/12/1972

- Fiscal Code : FRIFPP72T05A944W

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Residence:

E. MATTEI

, 38

- 40100

Bologna

(BO)

- IT -

Ex-Postions

Attorney with special power

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Rosso.gif$

Venturi

Franco

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Born in Vergato

(BO)

on 05/12/1940

- Fiscal Code : VNTFNC40T05L762J

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Residence:

Misa

, 5

- 40100

Bologna

(BO)

- IT -

Ex-Postions

Director

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Fiori

Valerio

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Born in Vergato

(BO)

on 27/05/1950

- Fiscal Code : FRIVLR50E27L762P

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Residence:

Massarenti

, 179/2

- 40138

Bologna

(BO)

- IT -

Ex-Postions

Sole Director

CEASINGS/INCORPORATIONS/MERGES:

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The firm absorved

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$ ITALMETALLI S.P.A.

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Confortino

, 29

, 40056

, Crespellano

(BO)

- IT -

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Fiscal Code: 00309980373

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Date

15/12/1997

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The firm absorved

ITALMETALLI S.P.A.

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Confortino

, 29

, 40056

, Crespellano

(BO)

- IT -

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Fiscal Code: 00309980373

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Date

15/12/1997

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Project of merging by taking over of

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$ ITALMETALLI S.P.A.

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Confortino

, 29

, 40056

, Crespellano

(BO)

- IT -

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Fiscal Code: 00309980373

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Date

Merging/splitting-up project:

26/05/1997

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The firm absorbed by merging of

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$ ITALMETALLI S.P.A.

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Confortino

, 29

, 40056

, Crespellano

(BO)

- IT -

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Vuoto.gif$

Fiscal Code: 00309980373

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Date

15/12/1997

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.

Financial and Economical Analysis

Company's starting of activities dates back to 1990.

The analysis is based on the latest 3 balance sheets.

During the last years, it recorded positive net results (r.o.e. 2,64% in 2013)

The operating result in 2013 was positive (1,5%) and reflects the field's average.

An operating result of Eur. 862.514 has been registered. showing a fall as opposed to the previous year (-48,81%).

A gross operating margine for a value of Eur. 2.112.572 was reached. recording a -45,68% decrease.

The analysis shows a fair financial position as the indebtedness volume is acceptable (1,52) with an improving trend as on the decrease.

The management generated equity capital for an amount of Eur. 20.684.569 on stable levels.

Eur. 35.659.472 is the amount of total debts, both commercial and of different nature, with no important change.

Bank and suppliers credit recourse is limited, 29,19 gg. is payment average period which is also lower than the sector average.

The management determines a good range of liquidity.

Credits are collected in 29,66 days on the average. , that compared to the sector's average is shorter.

During financial year 2013 the cash flow amounted to Eur. 1.721.058

Labour cost expenses amount to Eur. 3.024.005 , representing 1,49% on the total of production costs. , with a 1,49% incidence on turnover.

The financial management has a limited economic impact, equal to -0,04% on the sales.

Financial Data

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Complete balance-sheet for the year

al 31/12/2013

(in Eur

x 1)

Item Type	Value
Sales	203.509.828
Profit (Loss) for the period	546.698

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Complete balance-sheet for the year

al 31/12/2012

(in Eur

x 1)

Item Type	Value
Sales	219.532.278
Profit (Loss) for the period	571.925

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Complete balance-sheet for the year

al 31/12/2011

(in Eur

x 1)

Item Type	Value
Sales	244.364.742
Profit (Loss) for the period	2.180.750

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Complete balance-sheet for the year

al 31/12/2010

(in Eur

x 1)

Item Type	Value
Sales	219.032.187
Profit (Loss) for the period	2.400.138

$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Verde.gif$

Complete balance-sheet for the year

al 31/12/2009

(in Eur

x 1)

Item Type	Value
Sales	101.099.569
Profit (Loss) for the period	2.095.815

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
. . Research,develop. and advert.expens.
. . Industrial patent rights
. . Concessions,licenses,trademarks,etc.	66.419	66.453	152.170
. . Goodwill
. . Assets in formation and advance paymen.
. . Other intangible fixed assets	538.149	453.548	589.616
. Total Intangible Fixed Assets	604.568	520.001	741.786
. TANGIBLE FIXED ASSETS
. . Real estate	16.382	20.145	23.909
. . Plant and machinery	952.470	1.351.267	2.395.107
. . Industrial and commercial equipment	35.083	49.704	60.283
. . Other assets	568.544	615.033	693.719
. . Assets under construction and advances
. Total Tangible fixed assets	1.572.479	2.036.149	3.173.018
. FINANCIAL FIXED ASSETS
. . Equity investments	181	181	24.965
. . . Equity invest. in subsidiary companies
. . . Equity invest. in associated companies
. . . Equity invest. in holding companies
. . . Equity invest. in other companies	181	181	24.965
. . Financial receivables	1.002.675	1.002.475	1.002.325
. . . . Within 12 months			2.325
. . . . Beyond 12 months	1.002.675	1.002.475	1.000.000
. . . 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	1.002.675	1.002.475	1.002.325
. . . . Within 12 months			2.325
. . . . Beyond 12 months	1.002.675	1.002.475	1.000.000
. . Other securities
. . Own shares
. . . Total nominal value
. Total financial fixed assets	1.002.856	1.002.656	1.027.290
Total fixed assets	3.179.903	3.558.806	4.942.094
CURRENT ASSETS
. INVENTORIES
. . Raw materials and other consumables			15.126.151
. . Work in progress and semimanufactured
. . Work in progress on order
. . Finished goods	31.395.390	31.940.931	3.748.161
. . Advance payments	216.081	8.000	410.226
. Total Inventories	31.611.471	31.948.931	19.284.538
. CREDITS NOT HELD AS FIXED ASSETS
. . Within 12 months	18.382.174	26.464.348	25.004.895
. . Beyond 12 months		7.900	9.000
. . Trade receivables	16.766.219	25.022.962	22.660.493
. . . . Within 12 months	16.766.219	25.022.962	22.660.493
. . . . Beyond 12 months
. . Receivables due from subsid. comp.
. . . . Within 12 months
. . . . Beyond 12 months
. . Receivables due from assoc. comp.
. . . . Within 12 months
. . . . Beyond 12 months
. . Receivables due from holding comp.	315.972	525.071
. . . . Within 12 months	315.972	525.071
. . . . Beyond 12 months
. . Fiscal Receivables	582.974	269.658	209.831
. . . . Within 12 months	582.974	269.658	209.831
. . . . Beyond 12 months
. . Receivables for anticipated taxes
. . . . Within 12 months
. . . . Beyond 12 months
. . Receivables due from third parties	717.009	654.557	2.143.571
. . . . Within 12 months	717.009	646.657	2.134.571
. . . . Beyond 12 months		7.900	9.000
. Total Credits not held as fixed assets	18.382.174	26.472.248	25.013.895
. 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	4.318.800	2.999.054	3.272.020
. . Checks
. . Banknotes and coins	3.495	4.790	2.438
. Total Liquid funds	4.322.295	3.003.844	3.274.458
Total current assets	54.315.940	61.425.023	47.572.891
ADJUSTMENT ACCOUNTS
. Discount on loans	59.670		39.566
. Other adjustment accounts		131.492
Total adjustments accounts	59.670	131.492	39.566
TOTAL ASSETS	57.555.513	65.115.321	52.554.551

LIABILITIES
STOCKHOLDERS' EQUITY
. Capital stock	500.000	500.000	500.000
. Additional paid-in capital
. Revaluation reserves	3.552.534	3.552.534	3.552.534
. Legal reserve	100.000	100.000	100.000
. Reserve for Own shares
. Statute reserves
. Other reserves	7.517.062	7.517.059	7.325.674
. Accumulated Profits (Losses)	8.468.275	7.896.350	5.906.982
. Profit( loss) of the year	546.698	571.925	2.180.750
. Advances on dividends
. Partial loss of the year Coverage
Total Stockholders'Equity	20.684.569	20.137.868	19.565.940
RESERVES FOR RISKS AND CHARGES
. . Reserve for employee termination indem.
. . Taxation fund, also differed
. . Other funds	497.663	289.584	202.811
Total Reserves for Risks and Charges	497.663	289.584	202.811
Employee termination indemnities	713.809	654.469	659.589
ACCOUNTS PAYABLE
. . . . Within 12 months	35.659.472	44.023.526	32.124.972
. . . . Beyond 12 months
. . 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	18.918.854	25.630.580	15.545.116
. . . . Within 12 months	18.918.854	25.630.580	15.545.116
. . . . Beyond 12 months
. . Due to other providers of finance
. . . . Within 12 months
. . . . Beyond 12 months
. . Advances from customers
. . . . Within 12 months
. . . . Beyond 12 months
. . Trade payables	8.936.090	10.263.206	7.195.814
. . . . Within 12 months	8.936.090	10.263.206	7.195.814
. . . . Beyond 12 months
. . Securities issued
. . . . Within 12 months
. . . . Beyond 12 months
. . Due to subsidiary companies
. . . . Within 12 months
. . . . Beyond 12 months
. . Due to associated companies
. . . . Within 12 months
. . . . Beyond 12 months
. . Due to holding companies	7.165.014	7.638.554	8.848.666
. . . . Within 12 months	7.165.014	7.638.554	8.848.666
. . . . Beyond 12 months
. . Due to the tax authorities	111.810	105.314	108.720
. . . . Within 12 months	111.810	105.314	108.720
. . . . Beyond 12 months
. . Due to social security and welfare inst.	147.635	139.115	135.165
. . . . Within 12 months	147.635	139.115	135.165
. . . . Beyond 12 months
. . Other payables	380.069	246.757	291.491
. . . . Within 12 months	380.069	246.757	291.491
. . . . Beyond 12 months
Total accounts payable	35.659.472	44.023.526	32.124.972
ADJUSTMENT ACCOUNTS
. Agio on loans
. Other adjustment accounts		9.874	1.239
Total adjustment accounts		9.874	1.239
TOTAL LIABILITIES	57.555.513	65.115.321	52.554.551

PROFIT AND LOSS ACCOUNTS

VALUE OF PRODUCTION
. Revenues from sales and services	203.509.828	219.532.278	244.364.742
. Changes in work in progress			3.748.161
. Changes in semi-manufact. products
. Capitalization of internal work
. Other income and revenues	925.795	995.021	964.834
. . Contributions for operating expenses			23.677
. . Different income and revenues	925.795	995.021	941.157
Total value of production	204.435.623	220.527.299	249.077.737
PRODUCTION COSTS
. Raw material,other materials and consum.	182.774.212	211.051.823	219.436.073
. Services received		14.077.523
. Leases and rentals	15.796.889	1.211.050	17.560.813
. Payroll and related costs	3.024.005	3.188.598	3.168.528
. . Wages and salaries	2.191.076	2.327.226	2.326.356
. . Social security contributions	683.465	706.056	684.949
. . Employee termination indemnities	149.464	155.316	157.223
. . Pension and similar
. . Other costs
. Amortization and depreciation	1.174.360	2.117.860	2.744.865
. . Amortization of intangible fixed assets	288.771	255.810	280.554
. . Amortization of tangible fixed assets	828.589	1.733.450	2.348.311
. . Depreciation of tangible fixed assets
. . Writedown of current receiv.and of liquid	57.000	128.600	116.000
. Changes in raw materials	545.541	-13.066.619	2.350.398
. Provisions to risk reserves
. Other provisions	75.698	86.773	99.377
. Other operating costs	182.404	175.163	266.874
Total production costs	203.573.109	218.842.171	245.626.928
Diff. between value and cost of product.	862.514	1.685.128	3.450.809
FINANCIAL INCOME AND EXPENSE
. Income from equity investments	219	310	24
. . In subsidiary companies
. . In associated companies
. . In other companies	219		24
. Other financial income	83.281	205.826	87.275
. . Financ.income from receivables
. . . 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
. . Financ.income other than the above	83.281		87.275
. . . - Subsidiary companies
. . . - Associated companies
. . . - Holding companies
. . . - Other companies	83.281		87.275
. Interest and other financial expense	-158.847	-853.898	-257.931
. . Towards subsidiary companies
. . Towards associated companies
. . Towards holding companies	-158.047		-130.270
. . Towards other companies	158.847		257.931
Total financial income and expense	-75.347	-647.762	-170.632
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		118.456	1
. . Gains on disposals
. . Other extraordinary income		118.456	1
. Extraordinary expense		-29.423
. . Losses on disposals
. . Taxes relating to prior years		-29.423
. . Other extraordinary expense
Total extraordinary income and expense	-2	89.033	1
Results before income taxes	787.165	1.126.399	3.280.178
. Taxes on current income	240.467	554.474	1.099.428
. . current taxes	240.467	554.474	1.102.863
. . differed taxes(anticip.)			-3.435
. Net income for the period	546.698	571.925	2.180.750
. Adjustments in tax regulations pursuance
. Provisions in tax regulations pursuance
. Profit (loss) of the year	546.698	571.925	2.180.750

RATIOS

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	0,06	0,05	0,09	0,11
Elasticity Ratio	Units	0,94	0,94	0,91	0,87
Availability of stock	Units	0,55	0,49	0,37	0,22
Total Liquidity Ratio	Units	0,39	0,45	0,54	0,56
Quick Ratio	Units	0,08	0,05	0,06	0,02
COMPOSITION ON SOURCE
Net Short-term indebtedness	Units	1,52	2,04	1,47	3,81
Self Financing Ratio	Units	0,36	0,31	0,37	0,17
Capital protection Ratio	Units	0,95	0,95	0,86	0,65
Liabilities consolidation quotient	Units	0,02	0,01	0,02	0,12
Financing	Units	1,72	2,19	1,64	4,72
Permanent Indebtedness Ratio	Units	0,37	0,32	0,38	0,30
M/L term Debts Ratio	Units	0,01	0,01	0,01	0,07
Net Financial Indebtedness Ratio	Units	0,71	1,12	0,63	1,28
CORRELATION
Fixed assets ratio	Units	6,73	5,84	4,09	2,06
Current ratio	Units	1,52	1,40	1,48	1,16
Acid Test Ratio-Liquidity Ratio	Units	0,64	0,67	0,88	0,84
Structure's primary quotient	Units	6,50	5,66	3,96	1,28
Treasury's primary quotient	Units	0,12	0,07	0,10	0,03
Rate of indebtedness ( Leverage )	%	278,25	323,35	268,60	591,61
Current Capital ( net )	Value	18.656.468	17.401.497	15.447.919	219.071
RETURN
Return on Sales	%	0,85	1,23	2,02	2,22
Return on Equity - Net- ( R.O.E. )	%	2,64	2,84	11,15	6,27
Return on Equity - Gross - ( R.O.E. )	%	3,81	5,59	16,76	15,95
Return on Investment ( R.O.I. )	%	1,50	2,59	6,57	4,19
Return/ Sales	%	0,42	0,77	1,41	3,42
Extra Management revenues/charges incid.	%	63,38	33,94	63,20	29,26
Cash Flow	Value	1.721.058	2.689.785	4.925.615	61.669
Operating Profit	Value	862.514	1.685.128	3.450.809	95.558
Gross Operating Margin	Value	2.112.572	3.889.761	6.295.051	144.934
MANAGEMENT
Credits to clients average term	Days	29,66	41,03	33,38	120,94
Debts to suppliers average term	Days	29,19	28,47	24,37	120,04
Average stock waiting period	Days	55,92	52,39	28,41	61,92
Rate of capital employed return ( Turnover )	Units	3,54	3,37	4,65	1,27
Rate of stock return	Units	6,44	6,87	12,67	5,74
Labour cost incidence	%	1,49	1,45	1,30	7,77
Net financial revenues/ charges incidence	%	-0,04	-0,30	-0,07	-1,26
Labour cost on purchasing expenses	%	1,49	1,46	1,29	7,90
Short-term financing charges	%	0,45	1,94	0,80	2,67
Capital on hand	%	28,28	29,66	21,51	78,39
Sales pro employee	Value	2.164.998	4.221.774	2.468.330	437.713
Labour cost pro employee	Value	32.170	61.319	32.005	33.928

Remarks

1) Protests checking (relative to the last five years) performed by crossing and matching the members names and the Firm's Style with the reported addresses, is supplied by the Informatic Registry managed by the Italian Chamber of Commerce. If the fiscal code is not indicated, the eventual homonymous cases are submitted to expert staff evaluation in order to limit wrong matching risks.

2) The Legal Data, supplied and retrived from the Firm's Registry of the Italian Chamber of Commerce, are in line with the last registered modifications.

3) Risk evaluation and Credit Opinion have been performed on the base of the actual data at the moment of their availability.

Market / Territory Data

Population living in the province	:	$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Spazio.gif$ 944.297
Population living in the region	:	$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Spazio.gif$ 4.151.369
Number of families in the region	:	$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Spazio.gif$ 1.748.359

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

- per food products	:	$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Spazio.gif$ 425
- per non food products	:	$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Spazio.gif$ 2.063
- per energy consume	:	$Description: \\VIVEK\Foreign Report Raw\Italmetalli S.r.l._files\Spazio.gif$ 143

Sector Data

The values are calculated on a base of 6.137 significant companies.

The companies cash their credits on an average of 121 dd.

The average duration of suppliers debts is about 120 dd.

The sector's profitability is on an average of 2,22%.

The labour cost affects the turnover in the measure of 7,77%.

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 1,27.

The employees costs represent the 7,90% of the production costs.

Statistical Detrimental Data

Statistcally the trade activity shows periods of crisis.

The area is statistically considered lowly risky.

In the region 18.860 protested subjects are found; in the province they count to 3.720.

The insolvency index for the region is 0,46, , while for the province it is 0,40.

Total Bankrupt companies in the province : 4.335.

Total Bankrupt companies in the region : 14.698.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.79
UK Pound	1	Rs.99.30
Euro	1	Rs.78.16

INFORMATION DETAILS

Analysis Done by :	RAS

Report Prepared by :	NIT

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

Companies connected to members *

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

PROFIT AND LOSS ACCOUNTS

RATIOS

Remarks

Market / Territory Data

Sector Data

Statistical Detrimental Data

Unit