3decades

MIRA INFORM REPORT

Report No. :	494268
Report Date :	01.03.2018

IDENTIFICATION DETAILS

Name :	BOTTERO S.P.A

Registered Office :	Via Genova 8212100- Cuneo(CN) -IT-

Country :	Italy

Financials (as on) :	31.12.2016

Date of Incorporation :	19.09.1980

Legal Form :	Joint stock company with sole shareholder

Line of Business :	Manufacture of hollow glass

No. of Employees :	500 to 750

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

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

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Italy

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	D

ITALY - ECONOMIC OVERVIEW

Italy’s economy compromises a developed industrial north, dominated by private companies, and a less-developed, highly subsidized, agricultural south, with a legacy of unemployment and underdevelopment. 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, reaching 131% of GDP in 2017. 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 longstanding structural economic problems, including labor market inefficiencies, a sluggish judicial system, and a weak banking sector. Italy’s economy returned to modest growth in late 2014 for the first time since 2011. In 2015-16, Italy’s economy grew at about 1% each year, and in 2017 growth accelerated to 1.5% of GDP. In 2017, overall unemployment was 11.4%, but youth unemployment remained high at 37.1%.

Source : CIA

Company name and address

Bottero S.p.a.

Via

Genova,

12100

- Cuneo

(CN)

-IT-

Summary

Fiscal Code	:	00928730043
Legal Form	:	Joint stock company with sole shareholder
start of Activities	:	05/01/1981
Equity	:	Over 2.582.254
Turnover Range	:	100.000.000/150.000.000
Number of Employees	:	from 500 to 750

Activity

Manufacture of hollow glass

Legal Data

Legal Form : Joint stock company with sole shareholder

Fiscal Code : 00928730043

Foreign Trade Reg. no. : CN003922 since 20/12/1991

Chamber of Commerce no. : 412789 of Bergamo

Chamber of Commerce no. : 120959 of Cuneo since 18/12/1980

Chamber of Commerce no. : 178071 of Pesaro

Chamber of Commerce no. : 815568 of Torino

Chamber of Commerce no. : 366002 of Treviso

Chamber of Commerce no. : 295226 of Vicenza

Firms' Register : CN078-4100 of Cuneo since 19/02/1996

V.A.T. Code : 00928730043

Foundation date	: 19/09/1980
Establishment date	: 19/09/1980
Start of Activities	: 05/01/1981
Legal duration	: 31/12/2050
Nominal Capital	: 6.000.000
Subscribed Capital	: 6.000.000
Paid up Capital	: 6.000.000

Legal mail :

BOTTERO@LEGALMAIL.IT

Members

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

Bottero Finanziaria S.p.a.

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Residence:

Genova

, 82

- 12100

Cuneo

(CN)

- IT -

Position	Since	Shares Amount	% Ownership
Sole partner	01/01/2004

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

No Prejudicial events are reported

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

No Protests registered

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

Ghinamo

Leonardo

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Born in Boves

(CN)

on 01/06/1936

- Fiscal Code : GHNLRD36H01B101R

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Residence:

Cuneo

, 37

- 12012

Boves

(CN)

- IT -

Position	Since	Shares Amount	% Ownership
Director	23/06/2017
Board Chairman	23/06/2017

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

No Prejudicial events are reported

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

No Protests registered

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

Olmo

Iose

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Born in Torino

(TO)

on 15/02/1958

- Fiscal Code : LMOSIO58B15L219V

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Residence:

G. Ferraris

, 8

- 12100

Cuneo

(CN)

- IT -

Position	Since	Shares Amount	% Ownership
Attorney with special power	16/11/1991
Attorney General	04/08/1999
Director	23/06/2017
Managing Director	23/06/2017

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

No Prejudicial events are reported

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

No Protests registered

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

Olmo

Tarcisio

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Born in Castellinaldo

(CN)

on 13/03/1928

- Fiscal Code : LMOTCS28C13C173H

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Residence:

Ettore Rosa

, 8

- 12100

Cuneo

(CN)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

No Prejudicial events are reported

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

No Protests registered

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

Tecchio

Marco

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Born in Vicenza

(VI)

on 25/02/1964

- Fiscal Code : TCCMRC64B25L840I

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Residence:

Beggioni

, 6

- 36040

Val Liona

(VI)

- IT -

Position	Since	Shares Amount	% Ownership
Director	23/06/2017
Managing Director	23/06/2017

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

No Prejudicial events are reported

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

No Protests registered

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

Tarizzo

Carlo

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Born in Torino

(TO)

on 12/03/1959

- Fiscal Code : TRZCRL59C12L219Q

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Residence:

Combe

, 36

- 12013

Chiusa di Pesio

(CN)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	25/06/2014

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

No Prejudicial events are reported

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

No Protests registered

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

Anzalone

Vincenzo

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Born in Alassio

(SV)

on 04/01/1953

- Fiscal Code : NZLVCN53A04A122R

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Residence:

Cavour

, 39/B

- 12011

Borgo San Dalmazzo

(CN)

- IT -

Position	Since	Shares Amount	% Ownership
Director	29/09/2017
Managing Director	29/09/2017

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

No Prejudicial events are reported

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

No Protests registered

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

Bussi

Adriano

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Born in Cuneo

(CN)

on 24/09/1964

- Fiscal Code : BSSDRN64P24D205E

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Residence:

Trieste

, 112

- 12012

Boves

(CN)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	28/01/2009

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

No Prejudicial events are reported

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

No Protests registered

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

Margaria

Pierfranco

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Born in Cuneo

(CN)

on 16/09/1965

- Fiscal Code : MRGPFR65P16D205Z

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Residence:

Monte Garbella

, 6

- 12010

Vignolo

(CN)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	23/12/2015

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

No Prejudicial events are reported

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

No Protests registered

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

De Rossi

Antonello

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Born in Roma

(RM)

on 09/11/1959

- Fiscal Code : DRSNNL59S09H501Z

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Residence:

Rodolfo Montevecchio

, 64

- 10129

Torino

(TO)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	28/01/2009

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

No Prejudicial events are reported

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

No Protests registered

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

Masoero

Alberto

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Born in Cuneo

(CN)

on 13/04/1976

- Fiscal Code : MSRLRT76D13D205L

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Residence:

Tevere

, 18

- 12011

Borgo San Dalmazzo

(CN)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	31/05/2017

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

No Protests registered

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

Terzuolo

Pierluigi

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Born in Nizza Monferrato

(AT)

on 07/10/1970

- Fiscal Code : TRZPLG70R07F902W

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Residence:

Perosa

, 37

- 12011

Borgo San Dalmazzo

(CN)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	31/05/2017

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

No Protests registered

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

Faccenda

Aldo

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Born in Cuneo

(CN)

on 26/07/1962

- Fiscal Code : FCCLDA62L26D205T

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Residence:

B. Di Tornaforte

, 19

- 12100

Cuneo

(CN)

- IT -

Position	Since	Shares Amount	% Ownership
Attorney General	10/12/1999
Director	23/06/2017
Attorney with special power	06/07/2012

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

No Prejudicial events are reported

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

No Protests registered

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

Ghinamo

Corrado

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Born in Merate

(CO)

on 23/01/1971

- Fiscal Code : GHNCRD71A23F133U

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Residence:

Valter Tecco

, 12

- 12012

Boves

(CN)

- IT -

Position	Since	Shares Amount	% Ownership
Director	23/06/2017

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

Ghinamo

Paolo

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Born in Merate

(CO)

on 21/03/1967

- Fiscal Code : GHNPLA67C21F133B

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Residence:

Xx Settembre

, 32

- 12100

Cuneo

(CN)

- IT -

Position	Since	Shares Amount	% Ownership
Director	23/06/2017

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

No Prejudicial events are reported

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

Sesia

Carlo

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Born in Cuneo

(CN)

on 27/03/1961

- Fiscal Code : SSECRL61C27D205R

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Residence:

San Lorenzo

, 64

- 12023

Caraglio

(CN)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	31/05/2017

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

No Protests registered

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

Olmo

Silvia

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Born in Torino

(TO)

on 09/07/1961

- Fiscal Code : LMOSLV61L49L219X

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Residence:

Nizza

, 63

- 12100

Cuneo

(CN)

- IT -

Position	Since	Shares Amount	% Ownership
Director	23/06/2017

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

Rombaldoni

Luigi

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Born in Pesaro

(PS)

on 25/11/1966

- Fiscal Code : RMBLGU66S25G479B

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Residence:

Vincenzo Rossi

, 12

- 61100

Pesaro

(PS)

- IT -

Position	Since	Shares Amount	% Ownership
Attorney with special power	29/06/2010

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

No Protests registered

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

Chesta

Emanuele

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Born in Cuneo

(CN)

on 19/08/1979

- Fiscal Code : CHSMNL79M19D205Y

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Residence:

B. Dalmasso

, 35

- 12010

Bernezzo

(CN)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	18/02/2015

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

No Protests registered

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

Meineri

Luca

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Born in Cuneo

(CN)

on 18/10/1972

- Fiscal Code : MNRLCU72R18D205N

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Residence:

Molino Bioera

, 13

- 12016

Peveragno

(CN)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	31/05/2017

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

No Protests registered

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

Ramonda

Silvio

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Born in Saluzzo

(CN)

on 07/02/1964

- Fiscal Code : RMNSLV64B07H727G

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Residence:

Europa Unita

, 32

- 12012

Boves

(CN)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	13/12/2016

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

No Protests registered

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

Marino

Alberto

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Born in Cuneo

(CN)

on 14/07/1965

- Fiscal Code : MRNLRT65L14D205S

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Residence:

Francia

, 10/B

- 12100

Cuneo

(CN)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	05/12/2016

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

No Protests registered

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

Lucca

Davide

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Born in Como

(CO)

on 02/11/1968

- Fiscal Code : LCCDVD68S02C933W

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Residence:

Tevere

, 36

- 22079

Villa Guardia

(CO)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	05/12/2016

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No Protests registered

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Faccenda

Paola

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Born in Savigliano

(CN)

on 27/03/1992

- Fiscal Code : FCCPLA92C67I470L

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Residence:

Tornaforte

, 19

- 12100

Cuneo

(CN)

- IT -

Position	Since	Shares Amount	% Ownership
Director	23/06/2017

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.

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Ghinamo

Leonardo

Firm's Style	Seat	Fiscal Code	Position	Position Status	Firm's Status
Industrie Cometto S.p.a.	Borgo San Dalmazzo (CN) - IT -	02006150045	Managing Director	Withdrawn	Registered
Industrie Cometto S.p.a.	Borgo San Dalmazzo (CN) - IT -	02006150045	Director	Withdrawn	Registered
Industrie Cometto S.p.a.	Borgo San Dalmazzo (CN) - IT -	02006150045	Board Chairman	Withdrawn	Registered
Bottero Finanziaria S.p.a.	Cuneo (CN) - IT -	00163070048	Managing Director	Active	Registered
Bottero Finanziaria S.p.a.	Cuneo (CN) - IT -	00163070048	Director	Active	Registered
Revimac S.r.l.	Cuneo (CN) - IT -	02077910046	Director	Active	Registered
Revimac S.r.l.	Cuneo (CN) - IT -	02077910046	Board Chairman	Active	Registered
F M F Industriale S.r.l.	Cuneo (CN) - IT -	02275560049	Chairman	Withdrawn	Ceased
F M F Industriale S.r.l.	Cuneo (CN) - IT -	02275560049	Managing Director	Withdrawn	Ceased
Cavallo Rosso S.r.l.	Cuneo (CN) - IT -	10535440159	Director	Withdrawn	Ceased
Cavallo Rosso S.r.l.	Cuneo (CN) - IT -	10535440159	Board Chairman	Withdrawn	Ceased
Edil G.m. S.r.l.	Cuneo (CN) - IT -	00272220047	Director	Active	Registered
Edil G.m. S.r.l.	Cuneo (CN) - IT -	00272220047	Board Chairman	Active	Registered
G.m. Finanziaria S.r.l.	Cuneo (CN) - IT -	01998860041	Sole Director	Withdrawn	Ceased
Fimipar S.r.l.	Cuneo (CN) - IT -	08933410154	Sole Director	Active	Registered
Bimatech S.r.l	Cuneo (CN) - IT -	02747320048	Director	Withdrawn	Registered
Bimatech S.r.l	Cuneo (CN) - IT -	02747320048	Board Chairman	Withdrawn	Registered
Co.v.im. Srl - In Liquidazione	Cuneo (CN) - IT -	02097110049	Chairman	Withdrawn	Ceased
"bottero Engineering - S.r.l."	Cuneo (CN) - IT -	02006160044	Chairman	Withdrawn	Ceased
"bottero Engineering - S.r.l."	Cuneo (CN) - IT -	02006160044	Managing Director	Withdrawn	Ceased
"edil Monviso Di Ghinamo Marco E C. S.a.S."	Cuneo (CN) - IT -	00937600047	Limited Partner	Withdrawn	Ceased
La Marina	Boves (CN) - IT -	96012040042	Partner	Active	Registered
La Marina	Boves (CN) - IT -	96012040042	Partner (in work)	Active	Registered

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Olmo

Iose

Firm's Style	Seat	Fiscal Code	Position	Position Status	Firm's Status
Bottero Finanziaria S.p.a.	Cuneo (CN) - IT -	00163070048	Director	Active	Registered
Bottero Finanziaria S.p.a.	Cuneo (CN) - IT -	00163070048	Procurator	Active	Registered
Revimac S.r.l.	Cuneo (CN) - IT -	02077910046	Director	Active	Registered
Revimac S.r.l.	Cuneo (CN) - IT -	02077910046	Attorney General	Active	Registered
Carico S.r.l.	Borgo San Dalmazzo (CN) - IT -	02301560047	Director	Withdrawn	Registered
Bimatech S.r.l	Cuneo (CN) - IT -	02747320048	Director	Withdrawn	Registered
Bimatech S.r.l	Cuneo (CN) - IT -	02747320048	Attorney General	Withdrawn	Registered
Bottero Ig S.r.l.	Cuneo (CN) - IT -	03299920045	Procurator	Withdrawn	Registered

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Tecchio

Marco

Firm's Style	Seat	Fiscal Code	Position	Position Status	Firm's Status
Carraro S.p.a.	Campodarsego (PD) - IT -	00202040283	Attorney with special power	Withdrawn	Registered
Elcon Elettronica - Societa' A Responsabilita' Limitata	Trieste (TS) - IT -	00741540322	Director	Withdrawn	Registered
Elcon Elettronica - Societa' A Responsabilita' Limitata	Trieste (TS) - IT -	00741540322	Managing Director	Withdrawn	Registered
Salvagnini Italia S.p.a.	Sarego (VI) - IT -	02338250240	Attorney with special power	Withdrawn	Registered
Elettronica Santerno S.p.a.	Castel Guelfo di Bologna (BO) - IT -	03686440284	Director	Withdrawn	Registered
Elettronica Santerno S.p.a.	Castel Guelfo di Bologna (BO) - IT -	03686440284	Managing Director	Withdrawn	Registered
M31 S.p.a.	Padova (PD) - IT -	04155030283	Director	Withdrawn	Registered
M31 S.p.a.	Padova (PD) - IT -	04155030283	Managing Director	Withdrawn	Registered
Pr.en.al. S.r.l. - In Liquidazione	Vicenza (VI) - IT -	03271430245	Director	Withdrawn	Registered
Pr.en.al. S.r.l. - In Liquidazione	Vicenza (VI) - IT -	03271430245	Responsible technician	Withdrawn	Registered
Carraro Drive Tech S.p.a.	Campodarsego (PD) - IT -	04308180282	Attorney with special power	Withdrawn	Registered
M31 Italia S.r.l.	Padova (PD) - IT -	04447620289	Director	Withdrawn	Registered
Adant S.r.l.	Padova (PD) - IT -	04479530281	Director	Withdrawn	Registered
Santex Rimar Group S.r.l.	Trissino (VI) - IT -	97551450154	Director	Active	Registered

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Anzalone

Vincenzo

Firm's Style	Seat	Fiscal Code	Position	Position Status	Firm's Status
Industrie Cometto S.p.a.	Borgo San Dalmazzo (CN) - IT -	02006150045	Attorney with special power	Withdrawn	Registered
Industrie Cometto S.p.a.	Borgo San Dalmazzo (CN) - IT -	02006150045	Procurator	Withdrawn	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
Bottero Finanziaria S.p.a.	Cuneo - IT -	00163070048		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
Tecnogranda S.p.a.	Dronero - IT -	02885170049	102 .Eur	0,20			Active
Granda Energia	Cuneo - IT -	02765730045					Active

Firm's location and structure

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

Legal and operative seat

Genova

, 82

- 12100

- Cuneo

(CN)

- IT -

PHONE

: 0171310611

FAX

: 0171401611

Legal mail

: BOTTERO@LEGALMAIL.IT

Branch

(Factory)

since 27/12/1994

Sangano

, 36/38

- 10090

- Trana

(TO)

- IT -

Branch

(Factory)

since 06/05/2000

, 39

- 12040

- Margarita

(CN)

- IT -

Branch

(Store)

since 02/04/2001

Genova

, 92

- 12100

- Cuneo

(CN)

- IT -

Branch

(Factory)

since 01/12/2009

Lago Maggiore

, 214

- 61100

- Pesaro

(PS)

- IT -

Branch

(Store)

since 01/10/2017

Beinette

, 66

- 12013

- Chiusa di Pesio

(CN)

- IT -

Branch

(Store)

since 01/12/2017

Villanova Mondovi'

, 21/B

- 12080

- Pianfei

(CN)

- IT -

Branch

(office)

since 01/01/2018

Sandro Pertini

, 119

- 61100

- Pesaro

(PS)

- IT -

Employees

: 600

Fittings and Equipment for a value of 4.350.000

Eur

Stocks for a value of 17.230.000

Eur

The firm operates abroad as importer / exporter..

Export represents more than 50% of the global turnover.

Products abroad are placed by :

- importers

- direct orders from foreign companies

Export is mainly towards:

- Italy

- Ireland

Historical Information and/or Firm's Status

CHANGES TO THE LEGAL FORM:

Former legal form	New legal form	Changement Date
Limited liability company	Joint stock company	14/11/1980

CEASINGS/INCORPORATIONS/MERGES:

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

The firm absorved

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$ "sixfin S.r.l."

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Genova

, 82

, 12100

, Cuneo

(CN)

- IT -

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Fiscal Code: 01865740045

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Date

23/12/1989

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

The firm absorved

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$ F M F Industriale S.r.l.

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Genova

, 82

, 12100

, Cuneo

(CN)

- IT -

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Fiscal Code: 02275560049

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Date

16/12/1994

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

The firm absorbed by merging of

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$ "sixfin S.r.l."

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Genova

, 82

, 12100

, Cuneo

(CN)

- IT -

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Fiscal Code: 01865740045

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Date

23/12/1989

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

The firm absorbed by merging of

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$ F M F Industriale S.r.l.

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Genova

, 82

, 12100

, Cuneo

(CN)

- IT -

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Fiscal Code: 02275560049

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Date

16/12/1994

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Project of merging by taking over of

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$ Bimatech S.r.l

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Genova

, 82

, 12100

, Cuneo

(CN)

- IT -

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Fiscal Code: 02747320048

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Date

Merging/splitting-up project:

21/01/2008

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The firm absorbed by merging of

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$ Bimatech S.r.l

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Genova

, 82

, 12100

, Cuneo

(CN)

- IT -

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Fiscal Code: 02747320048

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Date

02/02/2008

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

Resolution of merging of

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$ Bimatech S.r.l

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Genova

, 82

, 12100

, Cuneo

(CN)

- IT -

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Fiscal Code: 02747320048

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Date

02/02/2008

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

Project of merging by taking over of

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$ Bimatech S.r.l

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Genova

, 82

, 12100

, Cuneo

(CN)

- IT -

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Fiscal Code: 02747320048

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Date

Merging/splitting-up project:

26/06/2009

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

The firm absorbed by merging of

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$ Bimatech S.r.l

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Genova

, 82

, 12100

, Cuneo

(CN)

- IT -

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Fiscal Code: 02747320048

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Date

25/11/2009

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

Project of merging by taking over of

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$ Bottero Ig S.r.l.

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Genova

, 82

, 12100

, Cuneo

(CN)

- IT -

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Fiscal Code: 03299920045

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Date

Merging/splitting-up project:

06/06/2013

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

The firm absorbed by merging of

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$ Bottero Ig S.r.l.

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Genova

, 82

, 12100

, Cuneo

(CN)

- IT -

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Fiscal Code: 03299920045

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Vuoto.gif$

Date

14/10/2013

Protests

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

Data Base Prejudicial Events Search

Search performed on a National Scale

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

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.

National Real Estates Survey

The firm under review, by the reported percentages, owns the following real estates:

Town	Cadastre	No. Immovables	Up to Date
CUNEO (CN)	Buildings	1	22/02/2018
TRANA (TO)	Buildings	5	22/02/2018
TRANA (TO)	Land	5	22/02/2018

Buildings Details

Cadastre	Title	Location	Sheet No.	Particle No.	Sub No.	Categorie	Classe	Consistence	Cadastrial Rent	Part No.
B	Proprieta'	CUNEO (CN) VIA GENOVA, 82 Piano S2 - S1-T	101	327	3	zona2 cat. D/1			Euro: 208.560,00
B	Proprieta' per 10000/10000	TRANA (TO) VIA SANGANO, 38 Piano S1-T - 1	9	215	10	cat. D/8			Euro: 8.986,00
B	Proprieta' per 1000/1000	TRANA (TO) VIA SANGANO, 36 Piano T-1	9	215	11	cat. D/7			Euro: 45.686,00
B	Proprieta' per 10000/10000	TRANA (TO) STRADA PROVINCIALE TORINO-TRANA, 27 Piano T - 0001	9	215	7	cat. A/3	2	5,5 vani	Euro:440,28
B	Proprieta' per 1/1	TRANA (TO) VIA SANGANO, 36/1 Piano T	9	315	4	cat. F/1
B	Proprieta' per 1/1	TRANA (TO) VIA BORGOGNONE, 13 Piano	9	395	1	cat. D/1			Euro: 573,80

Land Details

Cadastre	Title	Location	Sheet No.	Particle No.	Sub No.	Category	Class	Consistence	Cadastrial Rent	Part No.
L	Proprieta' per 1/1	TRANA (TO)	9	121		FU D ACCERT		13 are 87 ca	R.D.Euro: R.A. Euro:
L	Proprieta' per 1/1	TRANA (TO)	9	217		SEMIN ARBOR	1	62 ca	R.D.Euro:0,48 R.A. Euro: 0,35	6675
L	Proprieta' per 1/1	TRANA (TO)	9	274		SEMINATIVO	1	11 are 35 ca	R.D.Euro:8,79 R.A. Euro: 6,45
L	Proprieta' per 1/1	TRANA (TO)	9	278		MODELLO 26			R.A. Euro: R.A. Euro:
L	Proprieta' per 1/1	TRANA (TO)	9	6		SEMINATIVO	1	21 are 9 ca	R.D.Euro:16,34 R.A. Euro: 11,98	3524

All responsibilities are declined regarding any possible omissions concerning the given results. Therefore, we advise to request for "Hypothecating Survey Inspection" c/o the locally competent RR.II. Immovables Registry, as this service doesn't fully guarantees the actual title of the Real Estates of the requested Subject.

Financial and Economical Analysis

Subject is active since 1981

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

Unstable economic results mark the company's financial state of affairs. yet with a positive result in the 2016 (r.o.e. 8,69%).

The operating result was positive in the last financial year (2,38%) and in line with the sector's average.

The operating result is positive and amounts to Eur. 3.094.634 on stable levels if compared to the previous year.

The gross operating margin of the latest financial year is of Eur. 9.599.461 with a 32,11% increase as opposed to the preceding year.

The analysis shows a fair financial position as the indebtedness volume is acceptable (1,72) and decreasing as against 2015.

With regard to equity capital, an amount of Eur. 32.060.583 is registered. , unchanged if compared to 2015.

Total indebtedness was equal to Eur. 77.816.415 (Eur. 8.666.714 was the value of m/l term debts) , with no sensible variation.

Financial debts exposure is under control while the recourse to commercial credit is rather frequent even if it still falls within the sector's average.

Liquidity is good (1,39)

Trade credits average terms are slow, on average 91,88 days. within the standard level of the average of the sector.

During financial year 2016 the cash flow amounted to Eur. 7.790.455

During 2016 financial year labour costs amounted to Eur. 33.421.556, with a 25,24% incidence on production costs. , whereas the incidence of such costs on sales revenues is equal to 23,94%.

Financial incomes cover financial charges.

Financial Data

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

Complete balance-sheet for the year

al 31/12/2016

(in Eur

x 1)

Item Type	Value
Sales	139.610.895
Profit (Loss) for the period	2.785.628

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

Complete balance-sheet for the year

al 31/12/2015

(in Eur

x 1)

Item Type	Value
Sales	133.619.563
Profit (Loss) for the period	300.635

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

Complete balance-sheet for the year

al 31/12/2014

(in Eur

x 1)

Item Type	Value
Sales	121.233.563
Profit (Loss) for the period	-1.331.554

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

Complete balance-sheet for the year

al 31/12/2013

(in Eur

x 1)

Item Type	Value
Sales	148.875.987
Profit (Loss) for the period	-659.915

$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Verde.gif$

Complete balance-sheet for the year

al 31/12/2012

(in Eur

x 1)

Item Type	Value
Sales	146.236.221
Profit (Loss) for the period	-526.159

Financials

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 31/12/2016 - 12 Mesi - Currency: - Amounts x 1

- Balance Sheet as at 31/12/2015 - 12 Mesi - Currency: - Amounts x 1

- Balance Sheet as at 31/12/2014 - 12 Mesi - Currency: - Amounts x 1

Years

2016

2015

2014

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.	2.409.695	1.211.769
. . Industrial patent rights	179.520	2.176.804	2.334.388
. . Concessions,licenses,trademarks,etc.	383.672	569.499	867.797
. . Goodwill			1.967.972
. . Assets in formation and advance paymen.		1.554.374	2.339.659
. . Other intangible fixed assets	400.015	475.757	22.992
. Total Intangible Fixed Assets	3.372.902	5.988.203	7.532.808
. TANGIBLE FIXED ASSETS
. . Real estate	21.868.519	25.845.967	26.707.345
. . Plant and machinery	3.478.185	391.787	457.401
. . Industrial and commercial equipment	867.533	553.079	614.630
. . Other assets	467.369	449.715	592.213
. . Assets under construction and advances	352.950	436.799	653.001
. Total Tangible fixed assets	27.034.556	27.677.347	29.024.590
. FINANCIAL FIXED ASSETS
. . Equity investments	2.814.279	2.901.703	2.924.675
. . . Equity invest. in subsidiary companies	1.901.415	1.988.839	2.011.811
. . . Equity invest. in associated companies	912.864	912.864	912.864
. . . Equity invest. in holding companies
. . . Equity invest. in other companies
. . 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
. . Own shares
. . . Total nominal value
. Total financial fixed assets	2.814.279	2.901.703	2.924.675
Total fixed assets	33.221.737	36.567.253	39.482.073
CURRENT ASSETS
. INVENTORIES
. . Raw materials and other consumables	1.556.242	1.988.964	2.214.792
. . Work in progress and semimanufactured	11.912.180	16.860.847	18.172.230
. . Work in progress on order
. . Finished goods	3.653.510	6.543.746	8.081.595
. . Advance payments	105.191	261.123	557.952
. Total Inventories	17.227.123	25.654.680	29.026.569
. CREDITS NOT HELD AS FIXED ASSETS
. . Within 12 months	59.084.436	50.970.571	50.007.664
. . Beyond 12 months		2.952.799
. . Trade receivables	35.632.226	29.957.700	24.478.171
. . . . Within 12 months	35.632.226	29.727.646	24.478.171
. . . . Beyond 12 months		230.054
. . Receivables due from subsid. comp.	12.135.620	16.327.024	16.195.267
. . . . Within 12 months	12.135.620	16.327.024	16.195.267
. . . . Beyond 12 months
. . Receivables due from assoc. comp.	2.440.793	140.976	140.976
. . . . Within 12 months	2.440.793	140.976	140.976
. . . . Beyond 12 months
. . Receivables due from holding comp.	5.490
. . . . Within 12 months	5.490
. . . . Beyond 12 months
. . Fiscal Receivables	1.831.447	2.076.919	950.270
. . . . Within 12 months	1.831.447	2.076.919	950.270
. . . . Beyond 12 months
. . Receivables for anticipated taxes	3.980.520	2.766.294	4.631.528
. . . . Within 12 months	3.980.520	43.549	4.631.528
. . . . Beyond 12 months		2.722.745
. . Receivables due from third parties	3.058.340	2.654.457	3.611.452
. . . . Within 12 months	3.058.340	2.654.457	3.611.452
. . . . Beyond 12 months
. Total Credits not held as fixed assets	59.084.436	53.923.370	50.007.664
. 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	6.103.723	6.228.600	6.228.600
. Total Financial Assets	6.103.723	6.228.600	6.228.600
. LIQUID FUNDS
. . Bank and post office deposits	13.887.122	7.951.360	7.150.104
. . Checks
. . Banknotes and coins	17.521	20.062	22.540
. Total Liquid funds	13.904.643	7.971.422	7.172.644
Total current assets	96.319.925	93.778.072	92.435.477
ADJUSTMENT ACCOUNTS
. Discount on loans		443.105	359.915
. Other adjustment accounts	280.241
Total adjustments accounts	280.241	443.105	359.915
TOTAL ASSETS	129.821.903	130.788.430	132.277.465

LIABILITIES
STOCKHOLDERS' EQUITY
. Capital stock	6.000.000	6.000.000	6.000.000
. Additional paid-in capital
. Revaluation reserves	12.789.670	12.789.670	12.493.053
. Legal reserve	1.200.000	1.200.000	1.200.000
. Reserve for Own shares
. Statute reserves
. Other reserves	9.349.143	9.048.509	10.380.063
. Accumulated Profits (Losses)	-63.858
. Profit( loss) of the year	2.785.628	300.635	-1.331.554
. Advances on dividends
. Partial loss of the year Coverage
Total Stockholders'Equity	32.060.583	29.338.814	28.741.562
RESERVES FOR RISKS AND CHARGES
. . Reserve for employee termination indem.
. . Taxation fund, also differed	2.484.198	2.425.876	2.731.199
. . Other funds	4.612.236	3.031.241	7.759.752
Total Reserves for Risks and Charges	7.096.434	5.457.117	10.490.951
Employee termination indemnities	7.598.712	7.656.043	9.467.604
ACCOUNTS PAYABLE
. . . . Within 12 months	69.149.701	72.131.558	70.504.521
. . . . Beyond 12 months	8.666.714	12.013.924	9.386.605
. . 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	11.529.679	14.044.021	22.350.020
. . . . Within 12 months	3.162.965	2.530.097	13.663.415
. . . . Beyond 12 months	8.366.714	11.513.924	8.686.605
. . Due to other providers of finance	500.000	700.000	900.000
. . . . Within 12 months	200.000	200.000	200.000
. . . . Beyond 12 months	300.000	500.000	700.000
. . Advances from customers	22.127.450	23.355.895	16.733.356
. . . . Within 12 months	22.127.450	23.355.895	16.733.356
. . . . Beyond 12 months
. . Trade payables	32.871.060	35.606.607	30.559.175
. . . . Within 12 months	32.871.060	35.606.607	30.559.175
. . . . Beyond 12 months
. . Securities issued
. . . . Within 12 months
. . . . Beyond 12 months
. . Due to subsidiary companies	2.065.416	4.182.012	2.450.805
. . . . Within 12 months	2.065.416	4.182.012	2.450.805
. . . . Beyond 12 months
. . Due to associated companies	1.660.728
. . . . Within 12 months	1.660.728
. . . . Beyond 12 months
. . Due to holding companies
. . . . Within 12 months
. . . . Beyond 12 months
. . Due to the tax authorities	2.516.955	1.512.286	1.627.444
. . . . Within 12 months	2.516.955	1.512.286	1.627.444
. . . . Beyond 12 months
. . Due to social security and welfare inst.	1.959.050	1.707.348	1.534.348
. . . . Within 12 months	1.959.050	1.707.348	1.534.348
. . . . Beyond 12 months
. . Other payables	2.586.077	3.037.313	3.735.978
. . . . Within 12 months	2.586.077	3.037.313	3.735.978
. . . . Beyond 12 months
Total accounts payable	77.816.415	84.145.482	79.891.126
ADJUSTMENT ACCOUNTS
. Agio on loans
. Other adjustment accounts	5.249.759	4.190.974	3.686.222
Total adjustment accounts	5.249.759	4.190.974	3.686.222
TOTAL LIABILITIES	129.821.903	130.788.430	132.277.465

MEMORANDUM ACCOUNTS

Third party goods
Investment accounts	9.706.786	16.004.734
Risk accounts	97.078	187.040
Civil and fiscal norms relation

PROFIT AND LOSS ACCOUNTS

VALUE OF PRODUCTION
. Revenues from sales and services	139.610.895	133.619.563	121.233.563
. Changes in work in progress	-6.250.054	-2.705.619	-1.748.197
. Changes in semi-manufact. products
. Capitalization of internal work	644.794	729.426	2.339.659
. Other income and revenues	1.527.700	4.891.951	1.652.563
. . Contributions for operating expenses	662.292	630.684	743.096
. . Different income and revenues	865.408	4.261.267	909.467
Total value of production	135.533.335	136.535.321	123.477.588
PRODUCTION COSTS
. Raw material,other materials and consum.	50.620.533	58.511.841	50.476.954
. Services received	36.771.264	32.918.203
. Leases and rentals	1.826.209	1.771.031	30.016.158
. Payroll and related costs	33.421.556	35.132.438	38.200.609
. . Wages and salaries	24.041.077	25.006.746	27.421.057
. . Social security contributions	7.639.392	8.307.781	8.659.181
. . Employee termination indemnities	1.601.019	1.766.706	1.968.347
. . Pension and similar
. . Other costs	140.068	51.205	152.024
. Amortization and depreciation	5.004.827	4.534.719	2.510.443
. . Amortization of intangible fixed assets	1.281.911	1.044.367	796.651
. . Amortization of tangible fixed assets	1.655.195	1.423.579	1.498.792
. . Depreciation of tangible fixed assets	1.832.721	1.836.773
. . Writedown of current receiv.and of liquid	235.000	230.000	215.000
. Changes in raw materials	2.021.571	369.441	328.617
. Provisions to risk reserves	1.500.000		2.000.000
. Other provisions
. Other operating costs	1.272.741	566.631	507.444
Total production costs	132.438.701	133.804.304	124.040.225
Diff. between value and cost of product.	3.094.634	2.731.017	-562.637
FINANCIAL INCOME AND EXPENSE
. Income from equity investments	215.668
. . In subsidiary companies
. . In associated companies	215.668
. . In other companies
. Other financial income	531.408	237.491	446.921
. . Financ.income from receivables	10.423	700	3.500
. . . Towards subsidiary companies
. . . Towards associated companies
. . . Towards holding companies
. . . Towards other companies	10.423	700	3.500
. . Financ.income from secur. t.f.assets
. . Financ.income from secur. cur.assets	181.707	181.212	327.414
. . Financ.income other than the above	339.278	55.579	116.007
. . . - Subsidiary companies
. . . - Associated companies
. . . - Holding companies
. . . - Other companies	339.278	55.579	116.007
. Interest and other financial expense	-344.643	-398.896	-203.857
. . Towards subsidiary companies
. . Towards associated companies
. . Towards holding companies
. . Towards other companies		-398.896	-203.857
Total financial income and expense	402.433	-161.405	243.064
ADJUSTMENTS TO FINANCIAL ASSETS
. Revaluations	17.652
. . Of equity investments
. . Of financ.fixed assets not repres.E.I.
. . Of securities incl.among current assets	17.652
. Devaluation	-664.746	-372.972	-873.734
. . Of equity investments	-587.424	-372.972	-873.734
. . Of financial fixed assets (no equity inv)
. . Of securities included among current ass	-77.322
Total adjustments to financial assets	-647.094	-372.972	-873.734
EXTRAORDINARY INCOME AND EXPENSE
. Extraordinary income		10.729	333.000
. . Gains on disposals
. . Other extraordinary income		10.729	333.000
. Extraordinary expense			-36.501
. . Losses on disposals
. . Taxes relating to prior years
. . Other extraordinary expense			-36.501
Total extraordinary income and expense		10.729	296.499
Results before income taxes	2.849.973	2.207.369	-896.808
. Taxes on current income	64.345	1.906.734	434.746
. . current taxes	1.230.000	50.205	786.142
. . differed taxes(anticip.)		1.856.529	-351.396
. Net income for the period	2.785.628	300.635	-1.331.554
. Adjustments in tax regulations pursuance
. Provisions in tax regulations pursuance
. Profit (loss) of the year	2.785.628	300.635	-1.331.554

RATIOS	Value Type	as at 31/12/2016	as at 31/12/2015	as at 31/12/2014	Sector Average
COMPOSITION ON INVESTMENT
Rigidity Ratio	Units	0,26	0,28	0,30	0,30
Elasticity Ratio	Units	0,74	0,72	0,70	0,66
Availability of stock	Units	0,13	0,20	0,22	0,15
Total Liquidity Ratio	Units	0,61	0,52	0,48	0,44
Quick Ratio	Units	0,15	0,11	0,10	0,02
COMPOSITION ON SOURCE
Net Short-term indebtedness	Units	1,72	2,19	2,20	2,50
Self Financing Ratio	Units	0,25	0,22	0,22	0,21
Capital protection Ratio	Units	0,73	0,79	0,84	0,64
Liabilities consolidation quotient	Units	0,24	0,27	0,27	0,29
Financing	Units	2,43	2,87	2,78	3,40
Permanent Indebtedness Ratio	Units	0,37	0,37	0,36	0,41
M/L term Debts Ratio	Units	0,13	0,15	0,14	0,15
Net Financial Indebtedness Ratio	Units	0,00	0,23	0,56	0,68
CORRELATION
Fixed assets ratio	Units	1,45	1,34	1,21	1,30
Current ratio	Units	1,39	1,30	1,31	1,18
Acid Test Ratio-Liquidity Ratio	Units	1,14	0,94	0,90	0,84
Structure's primary quotient	Units	0,97	0,80	0,73	0,68
Treasury's primary quotient	Units	0,29	0,20	0,19	0,04
Rate of indebtedness ( Leverage )	%	404,93	445,79	460,23	441,03
Current Capital ( net )	Value	27.170.224	21.646.514	21.930.956	97.133
RETURN
Return on Sales	%	5,58	3,62	0,97	4,81
Return on Equity - Net- ( R.O.E. )	%	8,69	1,02	-4,63	4,41
Return on Equity - Gross - ( R.O.E. )	%	8,89	7,52	-3,12	14,30
Return on Investment ( R.O.I. )	%	2,38	2,09	-0,43	4,16
Return/ Sales	%	2,22	2,04	-0,46	4,40
Extra Management revenues/charges incid.	%	90,01	11,01	n.c.	23,79
Cash Flow	Value	7.790.455	4.835.354	1.178.889	85.628
Operating Profit	Value	3.094.634	2.731.017	-562.637	75.073
Gross Operating Margin	Value	9.599.461	7.265.736	3.947.806	198.441
MANAGEMENT
Credits to clients average term	Days	91,88	80,71	72,69	110,77
Debts to suppliers average term	Days	147,67	153,69	147,63	124,20
Average stock waiting period	Days	44,42	69,12	86,19	53,64
Rate of capital employed return ( Turnover )	Units	1,08	1,02	0,92	1,02
Rate of stock return	Units	8,10	5,21	4,18	6,62
Labour cost incidence	%	23,94	26,29	31,51	19,95
Net financial revenues/ charges incidence	%	0,29	-0,12	0,20	-1,87
Labour cost on purchasing expenses	%	25,24	26,26	30,80	20,58
Short-term financing charges	%	0,44	0,47	0,26	3,00
Capital on hand	%	92,99	97,88	109,11	97,63
Sales pro employee	Value	133.726	121.804	101.620	155.908
Labour cost pro employee	Value	32.012	32.025	32.020	33.115

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	:	$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Spazio.gif$ 569.987
Population living in the region	:	$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Spazio.gif$ 4.330.172
Number of families in the region	:	$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Spazio.gif$ 1.889.207

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

- per food products	:	$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Spazio.gif$ 429
- per non food products	:	$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Spazio.gif$ 1.789
- per energy consume	:	$Description: \\vivek-pc\123 Foreign Report Raw\Bottero S.p.a. - Vs. Rif. 494268_files\Spazio.gif$ 135

Sector Data

The values are calculated on a base of 434 significant companies.

The companies cash their credits on an average of 111 dd.

The average duration of suppliers debts is about 124 dd.

The sector's profitability is on an average of 4,81%.

The labour cost affects the turnover in the measure of 19,95%.

Goods are held in stock in a range of 54 dd.

The difference between the sales volume and the resources used to realize it is about 1,02.

The employees costs represent the 20,58% 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 27.019 protested subjects are found; in the province they count to 1.458.

The insolvency index for the region is 0,63, , while for the province it is 0,26.

Total Bankrupt companies in the province : 1.299.

Total Bankrupt companies in the region : 14.165.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 64.10
UK Pound	1	INR 94.44
Euro	1	INR 79.59
Euro	1	INR 79.43

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	PRA

Report Prepared by :	KET

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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.