MIRA INFORM REPORT

Report No. :	506269
Report Date :	04.05.2018

IDENTIFICATION DETAILS

Name :	BURGO GROUP S.P.A.
Registered Office :	Via Piave, 1 36077 - Altavilla Vicentina (VI) -IT-
Country :	Italy
Financials (as on) :	31.12.2016
Date of Incorporation :	17.02.2000
Legal Form :	Joint stock company
Line of Business :	· Manufacture of paper and paper products · Manufacture of transformed paper products
No. of Employees :	1500

RATING & COMMENTS

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

MIRA’s Rating :

A

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	A1	A1

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

Burgo Group S.p.a.

Via Piave, 1

36077 - Altavilla Vicentina (VI) -IT-

Summary

Fiscal Code	:	13051890153
Legal Form	:	Joint stock company
start of Activities	:	01/12/2001
Equity	:	Over 2.582.254
Number of Employees	:	more than 1500
Group	:	BURGO GROUP

Activity

MANUFACTURE OF PAPER AND PAPER PRODUCTS

Manufacture of transformed paper products

Legal Data

Legal Form : Joint stock company

Fiscal Code : 13051890153

Foreign Trade Reg. no. : VI056858 since 30/07/2007

Foreign Trade Reg. no. : 024217 of Cuneo since 11/12/2001

Chamber of Commerce no. : 102947 of L'Aquila

Chamber of Commerce no. : 424115 of Bologna

Chamber of Commerce no. : 483607 of Brescia

Chamber of Commerce no. : 144902 of Chieti

Chamber of Commerce no. : 241235 of Cuneo since 17/02/2000

Chamber of Commerce no. : 137387 of Frosinone

Chamber of Commerce no. : 1688933 of Milano

Chamber of Commerce no. : 214023 of Mantova

Chamber of Commerce no. : 677088 of Napoli

Chamber of Commerce no. : 367956 of Padova

Chamber of Commerce no. : 1001357 of Roma

Chamber of Commerce no. : 964078 of Torino

Chamber of Commerce no. : 118492 of Trieste

Chamber of Commerce no. : 289666 of Treviso

Chamber of Commerce no. : 244219 of Udine

Chamber of Commerce no. : 289072 of Vicenza since 16/01/2007

Firms' Register : CN-2001-45468 of Cuneo since 07/12/2001

V.A.T. Code : 13051890153

Establishment date	: 17/02/2000
Start of Activities	: 01/12/2001
Legal duration	: 31/12/2100
Nominal Capital	: 620.000.000
Subscribed Capital	: 20.000.000
Paid up Capital	: 20.000.000

Legal mail :

SEGRETERIA@PEC.BURGOGROUP.COM

Members

Varesio

Gherardo

Born in Torino

(TO)

on 04/03/1962

- Fiscal Code : VRSGRR62C04L219J

Residence:

Della Pronda

, 191/A

- 10095

Grugliasco

(TO)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	06/07/2005

No Prejudicial events are reported

No Protests registered

Manzonetto

Pietro

Born in Castelfranco Veneto

(TV)

on 24/11/1944

- Fiscal Code : MNZPTR44S24C111J

Residence:

Piave

, 1

- 36077

Altavilla Vicentina

(VI)

- IT -

Position	Since	Shares Amount	% Ownership
Director	30/01/2018

Marchi

Aldo

Born in Arzignano

(VI)

on 16/01/1922

- Fiscal Code : MRCLDA22A16A459N

Residence:

Piave

, 1

- 36077

Altavilla Vicentina

(VI)

- IT -

Position	Since	Shares Amount	% Ownership
Honorary President	21/05/2013

No Prejudicial events are reported

Lignana

Giuseppe

Born in Mogadiscio

( )

on 22/05/1937

- Fiscal Code : LGNGPP37E22Z345D

Residence:

Einaudi

, 8

- 10100

Torino

(TO)

- IT -

Position	Since	Shares Amount	% Ownership
Honorary President	23/04/2004

Marzotto

Lorenzo

Born in Arzignano

(VI)

on 07/02/1956

- Fiscal Code : MRZLNZ56B07A459D

Residence:

Piave

, 1

- 36077

Altavilla Vicentina

(VI)

- IT -

Position	Since	Shares Amount	% Ownership
Director	30/07/2015

No Prejudicial events are reported

Marchi

Alberto

Born in Arzignano

(VI)

on 09/07/1964

- Fiscal Code : MRCLRT64L09A459B

Residence:

Di Porta Volta

, 7

- 20121

Milano

(MI)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	07/03/2014
Director	30/07/2015
Board Chairman	30/07/2015

No Prejudicial events are reported

No Protests registered

Chimetto

Mauro

Born in Vicenza

(VI)

on 09/05/1959

- Fiscal Code : CHMMRA59E09L840H

Residence:

Bedin

, 35/V

- 36100

Vicenza

(VI)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	28/07/2004

No Prejudicial events are reported

No Protests registered

Laghi

Enrico

Born in Roma

(RM)

on 23/02/1969

- Fiscal Code : LGHNRC69B23H501Z

Residence:

Piave

, 1

- 36077

Altavilla Vicentina

(VI)

- IT -

Position	Since	Shares Amount	% Ownership
Director	30/07/2015

Alasia

Pietro

Born in Monasterolo di Savigliano

(CN)

on 29/06/1952

- Fiscal Code : LSAPTR52H29F330K

Residence:

Macra

, 3

- 12038

Savigliano

(CN)

- IT -

Position	Since	Shares Amount	% Ownership
Attorney with special power	23/02/2015
Procurator	23/02/2015

No Prejudicial events are reported

No Protests registered

Foti

Alessandro

Born in Londra

( )

on 26/03/1963

- Fiscal Code : FTOLSN63C26Z114Y

Residence:

Piave

, 1

- 36077

Altavilla Vicentina

(VI)

- IT -

Position	Since	Shares Amount	% Ownership
Director	30/07/2015

Prevosti

Gianluca

Born in Milano

(MI)

on 12/10/1962

- Fiscal Code : PRVGLC62R12F205S

Residence:

Dei Platani

, 6

- 10025

Pino Torinese

(TO)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	28/07/2004

No Prejudicial events are reported

No Protests registered

Pesenti

Fiorenzo

Born in Taleggio

(BG)

on 20/04/1955

- Fiscal Code : PSNFNZ55D20L037V

Residence:

Sottochiesa

, 113

- 24010

Taleggio

(BG)

- IT -

Position	Since	Shares Amount	% Ownership
Attorney with special power	19/02/2018
Procurator	23/09/2010

No Prejudicial events are reported

No Protests registered

Marucci

Mino Leo

Born in Castel di Lama

(AP)

on 21/05/1954

- Fiscal Code : MRCMNL54E21C093A

Residence:

Cardani

, 4

- 20013

Magenta

(MI)

- IT -

Position	Since	Shares Amount	% Ownership
Attorney with special power	01/02/2017

No Prejudicial events are reported

No Protests registered

Gazzola

Beniamino

Born in Sandrigo

(VI)

on 17/03/1958

- Fiscal Code : GZZBMN58C17H829G

Residence:

P. Mascagni

, 50

- 36077

Altavilla Vicentina

(VI)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	19/09/2008

No Prejudicial events are reported

No Protests registered

Montevecchi

Franco

Born in Trebaseleghe

(PD)

on 26/01/1964

- Fiscal Code : MNTFNC64A26G224B

Residence:

Edison

, 3/1

- 35010

Trebaseleghe

(PD)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	28/07/2004

No Prejudicial events are reported

No Protests registered

Clerici

Patrizia

Born in Torino

(TO)

on 20/02/1957

- Fiscal Code : CLRPRZ57B60L219H

Residence:

Della Vittoria

, 23

- 10100

Torino

(TO)

- IT -

Position	Since	Shares Amount	% Ownership
Attorney with special power	01/12/2001

No Prejudicial events are reported

No Protests registered

Fratucello

Stefano

Born in Settimo Torinese

(TO)

on 01/02/1960

- Fiscal Code : FRTSFN60B01I703F

Residence:

Salasco

, 15

- 10099

San Mauro Torinese

(TO)

- IT -

Position	Since	Shares Amount	% Ownership
Attorney with special power	01/12/2001

No Prejudicial events are reported

No Protests registered

Sorge

Alberto

Born in Milano

(MI)

on 14/10/1966

- Fiscal Code : SRGLRT66R14F205O

Residence:

Di Romagna

, 7

- 34100

Trieste

(TS)

- IT -

Position	Since	Shares Amount	% Ownership
Attorney with special power	27/11/2001
Procurator	05/03/2018

No Protests registered

Capuano

Ignazio

Born in Palermo

(PA)

on 18/01/1957

- Fiscal Code : CPNGNZ57A18G273B

Residence:

Piave

, 1

- 36077

Altavilla Vicentina

(VI)

- IT -

Position	Since	Shares Amount	% Ownership
Director	11/05/2017
Managing Director	11/05/2017

No Prejudicial events are reported

No Protests registered

Meneghini

Enrico

Born in Vicenza

(VI)

on 30/11/1959

- Fiscal Code : MNGNRC59S30L840M

Residence:

De Gasperi

, 24

- 36077

Altavilla Vicentina

(VI)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	06/07/2005

No Prejudicial events are reported

No Protests registered

Sanavia

Alberto

Born in Padova

(PD)

on 18/09/1966

- Fiscal Code : SNVLRT66P18G224J

Residence:

El Alamein

, 5/C

- 35035

Mestrino

(PD)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	15/06/2007
Attorney with special power	03/08/2007

No Prejudicial events are reported

No Protests registered

Azzopardo

Furio

Born in Trieste

(TS)

on 10/05/1963

- Fiscal Code : ZZPFRU63E10L424O

Residence:

Del Maso

, 36

- 33019

Tricesimo

(UD)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	19/09/2016

No Prejudicial events are reported

No Protests registered

Franzone

Alberto Giuseppe

Born in Brescia

(BS)

on 01/05/1960

- Fiscal Code : FRNLRT60E01B157F

Residence:

Piave

, 1

- 36077

Altavilla Vicentina

(VI)

- IT -

Position	Since	Shares Amount	% Ownership
Director	30/07/2015

Errani

Marco Pietro

Born in Frosinone

(FR)

on 25/04/1971

- Fiscal Code : RRNMCP71D25D810L

Residence:

Guido Salvagnini

, 70

- 36040

Sarego

(VI)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	23/09/2010

No Prejudicial events are reported

No Protests registered

Marinucci

Raffaele

Born in Guardiagrele

(CH)

on 22/05/1972

- Fiscal Code : MRNRFL72E22E243V

Residence:

Simeoni

, 43

- 66036

Orsogna

(CH)

- IT -

Position	Since	Shares Amount	% Ownership
Attorney with special power	22/12/2011
Procurator	01/02/2017

No Prejudicial events are reported

No Protests registered

Piombi

Luigi

Born in Torino

(TO)

on 01/03/1966

- Fiscal Code : PMBLGU66C01L219V

Residence:

Baltimora

, 17

- 10100

Torino

(TO)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	22/12/2011

No Prejudicial events are reported

No Protests registered

Scian

Italo

Born in Cordenons

(PN)

on 21/11/1958

- Fiscal Code : SCNTLI58S21C991C

Residence:

Amerigo Vespucci

, 28

- 25088

Toscolano Maderno

(BS)

- IT -

Position	Since	Shares Amount	% Ownership
Attorney with special power	29/02/2012
Procurator	01/02/2017

No Prejudicial events are reported

No Protests registered

Sobrero

Massimo

Born in Rovato

(BS)

on 10/12/1965

- Fiscal Code : SBRMSM65T10H598L

Residence:

Della Chiusa

, 8

- 20123

Milano

(MI)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	07/03/2014

No Prejudicial events are reported

No Protests registered

Picco

Alessandro

Born in Torino

(TO)

on 10/02/1965

- Fiscal Code : PCCLSN65B10L219C

Residence:

Bessaneisa

, 25/I

- 10098

Rivoli

(TO)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	27/02/2013

No Prejudicial events are reported

No Protests registered

Moro

Roberto

Born in Torino

(TO)

on 06/02/1971

- Fiscal Code : MRORRT71B06L219F

Residence:

San Mauro

, 97/17

- 10156

Torino

(TO)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	15/01/2014

No Prejudicial events are reported

No Protests registered

Mazzurana

Ivo

Born in Rovereto

(CR)

on 17/02/1966

- Fiscal Code : MZZVIO66B17H612F

Residence:

Visona'

, 9

- 36100

Vicenza

(VI)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	13/10/2015

No Protests registered

Mendolia

Danilo

Born in Messina

(ME)

on 19/05/1972

- Fiscal Code : MNDDNL72E19F158V

Residence:

Alessandro Volta

, 12

- 34133

Trieste

(TS)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	01/02/2017
Attorney with special power	06/02/2017

No Protests registered

Sponchiado

Massimo

Born in Treviso

(TV)

on 13/07/1970

- Fiscal Code : SPNMSM70L13L407T

Residence:

S. Francesco

, 40

- 31027

Spresiano

(TV)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	19/09/2016

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.

Marchi

Alberto

Firm's Style	Seat	Fiscal Code	Position	Position Status	Firm's Status
Cartiera Valchiampo S.p.a.	Chiampo (VI) - IT -	00151910247	Director	Withdrawn	Ceased
Cartiera Di Sarego S.p.a.	Altavilla Vicentina (VI) - IT -	00166040246	Director	Withdrawn	Ceased
Grafiche Contro S.p.a.	Thiene (VI) - IT -	00382510287	Director	Withdrawn	Ceased
Palladio Industrie Grafiche Cartotecniche S.p.a.	Dueville (VI) - IT -	00149750242	Director	Withdrawn	Ceased
Grafica Zannini - S.p.a.	Dueville (VI) - IT -	00460890502	Director	Withdrawn	Registered
Italmaceri - S.r.l.	Torino (TO) - IT -	03067430011	Director	Withdrawn	Registered
Italmaceri - S.r.l.	Torino (TO) - IT -	03067430011	Board Chairman	Withdrawn	Registered
Cartiera Di Arzignano - S.r.l.	Chiampo (VI) - IT -	00166050245	Director	Withdrawn	Ceased
Burgo Factor S.p.a.	Milano (MI) - IT -	10209320158	Director	Active	Registered
Burgo Factor S.p.a.	Milano (MI) - IT -	10209320158	Board Chairman	Active	Registered
Holding Gruppo Marchi S.p.a. Siglabile In Hgm S.p.a.	Altavilla Vicentina (VI) - IT -	01791370024	Director	Active	Registered
Holding Gruppo Marchi S.p.a. Siglabile In Hgm S.p.a.	Altavilla Vicentina (VI) - IT -	01791370024	Sole Director	Withdrawn	Registered
Cogemarc S.r.l.	Altavilla Vicentina (VI) - IT -	02272900248	Director	Withdrawn	Ceased
Cartiere Marchi S.p.a.O In Forma Brev	Altavilla Vicentina (VI) - IT -	02880600248	Director	Withdrawn	Ceased
Mosaico S.r.l. - Societa' Unipersonale	Altavilla Vicentina (VI) - IT -	03506890247	Director	Withdrawn	Registered
Mosaico S.r.l. - Societa' Unipersonale	Altavilla Vicentina (VI) - IT -	03506890247	Procurator	Withdrawn	Registered
Burgo San Mauro Srl	San Mauro Torinese (TO) - IT -	09972010012	Sole Director	Withdrawn	Registered
Marchi Group International S.r.l. Societa' Unipersonale	Altavilla Vicentina (VI) - IT -	03041690243	Sole Director	Withdrawn	Ceased
Palladio Group S.p.a.	Dueville (VI) - IT -	03079210245	Director	Active	Registered
Palladio Group S.p.a.	Dueville (VI) - IT -	03079210245	Board Chairman	Active	Registered
Recupero 80 S.r.l.	Ancona (AN) - IT -	00695410423	Managing Director	Withdrawn	Ceased
Recupero 80 S.r.l.	Ancona (AN) - IT -	00695410423	Director	Withdrawn	Ceased
Recupero 80 S.r.l.	Ancona (AN) - IT -	00695410423	Board Chairman	Withdrawn	Ceased
Paper Interconnector Societa' ConsortilePer Azioni O, In Forma Abbrevviata , P	Milano (MI) - IT -	08955930964	Director	Active	Registered

Capuano

Ignazio

Firm's Style	Seat	Fiscal Code	Position	Position Status	Firm's Status
Cartiera Alto Milanese S.p.a.	Milano (MI) - IT -	00220250120	Board Chairman	Withdrawn	Registered
Reno De Medici Spa	Milano (MI) - IT -	00883670150	Director	Withdrawn	Registered
Reno De Medici Spa	Milano (MI) - IT -	00883670150	Managing Director	Withdrawn	Registered
Aticarta Spa	Milano (MI) - IT -	06131130582	Director	Withdrawn	Ceased
Secit S.r.l. Societa' Ecologica ItalianaIn Liquidazione	Perugia (PG) - IT -	01487180158	Director	Withdrawn	In liquidation
Burgo Distribuzione S.r.l.	Altavilla Vicentina (VI) - IT -	00623020377	Managing Director	Active	Registered
Burgo Distribuzione S.r.l.	Altavilla Vicentina (VI) - IT -	00623020377	Director	Active	Registered
Burgo Distribuzione S.r.l.	Altavilla Vicentina (VI) - IT -	00623020377	Board Chairman	Active	Registered
Emmaus Pack Srl	Milano (MI) - IT -	08777150155	Director	Withdrawn	Registered
Comieco Consorzio Nazionale Per Il Recupero Ed Il Riciclo Degli I Mballaggi A Ba	Milano (MI) - IT -	97207800158	Director	Active	Registered
Comieco Consorzio Nazionale Per Il Recupero Ed Il Riciclo Degli I Mballaggi A Ba	Milano (MI) - IT -	97207800158	Assistant board Chairman	Active	Registered
Comieco Consorzio Nazionale Per Il Recupero Ed Il Riciclo Degli I Mballaggi A Ba	Milano (MI) - IT -	97207800158	Board Chairman	Withdrawn	Registered
Termica Boffalora S.r.l.	Milano (MI) - IT -	02316140967	Director	Withdrawn	Registered
Part.e.l.l. S.p.a.	Valmadrera (LC) - IT -	01438190355	Director	Withdrawn	Registered
Red.im Srl	Milano (MI) - IT -	12956310150	Director	Withdrawn	Registered
R.d.m. Ovaro S.p.a.	Ovaro (UD) - IT -	13391610154	Director	Withdrawn	Registered
R.d.m. Ovaro S.p.a.	Ovaro (UD) - IT -	13391610154	Board Chairman	Withdrawn	Registered
Mosaico S.r.l. - Societa' Unipersonale	Altavilla Vicentina (VI) - IT -	03506890247	Director	Active	Registered
Ecoboard S.r.l.	Milano (MI) - IT -	03575010966	Director	Withdrawn	Ceased
QUINTUS S.R.L.	Milano (MI) - IT -	03574300962	Sole Director	Withdrawn	Registered
TRENTINO RICERCA S.R.L.	Rovereto (TN) - IT -	01914770225	Director	Withdrawn	Registered
Careo S.r.l.	Milano (MI) - IT -	05945190964	Director	Withdrawn	Registered
Careo S.r.l.	Milano (MI) - IT -	05945190964	Board Chairman	Withdrawn	Registered
R.d.m. Tissue Core S.r.l.	Milano (MI) - IT -	06475060965	Director	Withdrawn	Registered
R.d.m. Tissue Core S.r.l.	Milano (MI) - IT -	06475060965	Board Chairman	Withdrawn	Registered
Burgo Energia Srl	Altavilla Vicentina (VI) - IT -	08737780018	Director	Active	Registered
Burgo Energia Srl	Altavilla Vicentina (VI) - IT -	08737780018	Board Chairman	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
Palladio Industrie Grafiche Cartotecnich e S.p.a.	Dueville - IT -	00149750242
Mediobanca Banca Di Credito Finanziario Societa' Per Azioni	Milano - IT -	00714490158
Unicredit, Societa' Per Azioni In Forma Abbreviata Unicredit S.p.a.	Milano - IT -	00348170101
Simon Fiduciaria S.p.a. Siglabile Simonf Id S.p.a.	Torino - IT -	04605970013
Holding Gruppo Marchi S.p.a. Siglabile I n Hgm S.p.a.	Altavilla Vicentina - IT -	01791370024
Franco Tosi S.r.l.	Milano - IT -	01624880157
SIMONE GIAN LUIGI		SMNGLG57R08L219P
VERCILLI CONSIGLIA	LECCE - IT -	VRCCSG31P41D883A
Gavazza Gildo		GVZGLD31E07G961J
Bagnasco Pierino		BGNPRN31C14E191U
Michelotti Daniela		MCHDNL50D60L219G
Marchiaro Eugenia		MRCGNE05P66L219I
Fava Elves		FVALVS24P58A182T
Longo Silvana		LNGSVN44P59D862S
De Filippis Gerardo		DFLGRD53C01F138D
Delindati Anna Maria		DLNNMR24L62G337N
Minerbi Luciano		MNRLCN41M13F205X
Giuliano Jolanda		GLNJND18C62H163S
De Michelis Gilda		DMCGLD37D61E677D
Micocci Aleandra		MCCLDR28C67E723B
Santilli Iglis		SNTGLS44L56B681Y
Marchiari Emma		MRCMME02D48L219P
Dattilo Maurizio	Milano - IT -	DTTMRZ63C19F205X
DEMURTAS DINO ANTONIO	Jerzu - IT -	DMRDNT15M22E387F
Allegro Sarl On Behalf Of Generali Finan cial Holding Fcp-fis Sub
Whittier Trust Co.

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
Burgo Factor S.p.a.	Milano - IT -	10209320158	2.700.000 .Eur	90,00			Active
Istituto Superiore Di Formazione E Ricer ca 2000 Societa' Consortile Per Azioni,	Brescia - IT -	03063890176	412 .Eur	0,09			Ceased
Co.me.cart. - Costruzioni Meccaniche Car tiere - S.p.a. Abbreviabile Comecart	San Mauro Torinese - IT -	03750910014	3.120.000 .Eur	100,00			Active
Burgo Distribuzione S.r.l.	Altavilla Vicentina - IT -	00623020377	9.060.000 .Eur	100,00			Active
Gal Gardavalsabbia Societa' Consortile A Responsabilita' Limitata	Salo' - IT -	02356600987	500 .Eur	1,49			Active
Paper Interconnector Societa' Consortile Per Azioni O, In Forma Abbrevviata , P	Milano - IT -	08955930964	9.581.460 .Eur	56,32			Active
Mosaico S.r.l. - Societa' Unipersonale	Altavilla Vicentina - IT -	03506890247	50.000.000 .Eur	100,00			Active
Burgo Energia Srl	Altavilla Vicentina - IT -	08737780018	5.015.000 .Eur	100,00			Active

Firm's location and structure

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

-	Legal and operative seat

Piave

, 1

- 36077

- Altavilla Vicentina

(VI)

- IT -

PHONE

: 0444396811

FAX	: 0444396888

Legal mail

: SEGRETERIA@PEC.BURGOGROUP.COM

-

Branch

(Factory)

since 01/01/2007

Roma

, 212

- 31020

- Villorba

(TV)

- IT -

-

Branch

(Warehouse)

since 01/12/2001

San Martino

, 55

- 12022

- Busca

(CN)

- IT -

-

Branch

(Factory)

since 02/12/2001

Roma

, 26

- 12039

- Verzuolo

(CN)

- IT -

-

Branch

(Administrative office)

since 10/07/2007

Michelangelo Buonarroti

, 1

- 20093

- Cologno Monzese

(MI)

- IT -

-

Branch

(Factory)

since 01/12/2001

L. Da Vinci

, 1/9

- 67051

- Avezzano

(AQ)

- IT -

-

Branch

(Power-station)

since 01/12/2001

Pratofranco

- 67050

- Canistro

(AQ)

- IT -

-

Branch

(Factory)

since 01/12/2001

Lama Di Reno

, 30

- 40043

- Marzabotto

(BO)

- IT -

-

Branch

(Factory)

since 01/12/2001

E. Piaggio

, 7

- 66100

- Chieti

(CH)

- IT -

-

Branch

(Sales management)

since 01/12/2001

Dei Missaglia

, 97

- 20100

- Milano

(MI)

- IT -

-

Branch

(Factory)

since 01/12/2001

Poggio Reale

, 9

- 46100

- Mantova

(MN)

- IT -

-

Branch

(Store)

since 25/07/2003

Sandro Pertini

, 92/A

- 67051

- Avezzano

(AQ)

- IT -

-

Branch

(Warehouse)

since 15/03/2006

Streppe

, 3

- 12038

- Savigliano

(CN)

- IT -

-

Branch

(Factory)

since 01/01/2007

A. Vespucci

, 28

- 25088

- Toscolano Maderno

(BS)

- IT -

-

Branch

(office)

since 08/01/2007

E. Fermi

, 9

- 35100

- Padova

(PD)

- IT -

-

Branch

(Factory)

since 01/01/2007

Guido Salvagnini

, 70

- 36040

- Sarego

(VI)

- IT -

PHONE

: 0444726411

FAX	: 0444725499

-

Branch

(Store)

since 01/01/2007

Piave

, 5

- 36077

- Altavilla Vicentina

(VI)

- IT -

-

Branch

(Store)

since 29/06/2004

Padre Ugo Frasca

, 19

- 66100

- Chieti

(CH)

- IT -

-

Branch

(Factory)

since 01/12/2001

San Domenico

, 62

- 03039

- Sora

(FR)

- IT -

-

Branch

(Factory)

since 01/12/2001

S.giovanni Di Duino

, 24D

- 34011

- Duino Aurisina

(TS)

- IT -

-

Branch

Freidano

, 8

- 10099

- San Mauro Torinese

(TO)

- IT -

PHONE

: 0112233111

Employees

: 2.064

Fittings and Equipment for a value of 329.880.000

Eur

Stocks for a value of 103.330.000

Eur

Trade organization: direct or by agents.

Sales are on an international scale.

The company 's mainly customers are companies.

The firm operates abroad as importer / exporter..

Export trade is the 53 % of the global turnover.

Import comes generally from the following nations:

- Canada

- Stati Uniti

- Russia

- Finland

- Brasile

- Sweden

- Germany

- Poland

- Great Britain

The subject firm uses the following own selling brands:

- R4

- UNO PRIME

- KRONOS

- SELENA

- ECOBOOK

- ETHICA

- ILEX

- PRISMA PACK

Traded Brands / Suppliers

- Burgo Ardennes

- Burgo Energia

- Gever

- Comecart

- Italmaceri

- Burgo France

- Burgo Distribuzione

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	01/12/2001

CEASINGS/INCORPORATIONS/MERGES:

The firm absorbed by merging of

Cartiere Burgo S.p.a. Siglabile Burgo

Ii

, 20094

, Assago

(MI)

- IT -

Fiscal Code: 00184060044

Date

:

02/12/2001

The firm absorved

Burgo Partecipazioni S.p.a.

Roma

, 26

, 12039

, Verzuolo

(CN)

- IT -

Fiscal Code: 02853330047

Date

:

17/12/2002

Project of merging by taking over of

Co.me.cart. - Costruzioni Meccaniche Cartiere - S.p.a. Abbreviabile Comecart

Luigi Burgo

, 8

, 10099

, San Mauro Torinese

(TO)

- IT -

Fiscal Code: 03750910014

Date

Merging/splitting-up project:

15/09/2014

Resolution of merging of

Co.me.cart. - Costruzioni Meccaniche Cartiere - S.p.a. Abbreviabile Comecart

Luigi Burgo

, 8

, 10099

, San Mauro Torinese

(TO)

- IT -

Fiscal Code: 03750910014

Date

:

23/10/2014

Protests

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

Data Base Prejudicial Events Search

Search performed on a National Scale

Prejudicial Events Search Result: NEGATIVE

Search performed on a specialized data base.

Legal Procedures

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

Bankers

The firm operates with:

Bank Name	Agency Name	Address	ZIP Code	City	ABI Code	CAB Code
BANCA NAZIONALE DEL LAVORO SPA	FILIALE DI VICENZA	CORSO ANDREA PALLADIO 45	36100	Vicenza (VI)	1005	11800

National Real Estates Survey

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

Town	Cadastre	No. Immovables	Up to Date
AVEZZANO (AQ)	Buildings	1	24/04/2018
AVEZZANO (AQ)	Land	12	24/04/2018
CANISTRO (AQ)	Buildings	6	24/04/2018
CANISTRO (AQ)	Land	19	24/04/2018
CAPISTRELLO (AQ)	Buildings	1	24/04/2018
CAPISTRELLO (AQ)	Land	4	24/04/2018
MARZABOTTO (BO)	Buildings	10	24/04/2018
MARZABOTTO (BO)	Land	6	24/04/2018
TOSCOLANO-MADERNO (BS)	Buildings	10	24/04/2018
CHIETI (CH)	Buildings	23	24/04/2018
CHIETI (CH)	Land	4	24/04/2018
CUNEO (CN)	Land	1	24/04/2018
PAESANA (CN)	Buildings	5	24/04/2018
PAESANA (CN)	Land	12	24/04/2018
VERZUOLO (CN)	Buildings	11	24/04/2018
VERZUOLO (CN)	Land	30	24/04/2018
SORA (FR)	Buildings	3	24/04/2018
SORA (FR)	Land	6	24/04/2018
MONFALCONE (GO)	Land	15	24/04/2018
GERMAGNANO (TO)	Buildings	1	24/04/2018
GERMAGNANO (TO)	Land	35	24/04/2018
SAN MAURO TORINESE (TO)	Buildings	1	24/04/2018
SAN MAURO TORINESE (TO)	Land	5	24/04/2018
DUINO-AURISINA (TS)	Buildings	8	24/04/2018
DUINO-AURISINA (TS)	Land	14	24/04/2018
CARBONERA (TV)	Land	3	24/04/2018
SPRESIANO (TV)	Buildings	2	24/04/2018
SPRESIANO (TV)	Land	2	24/04/2018
VILLORBA (TV)	Buildings	2	24/04/2018
VILLORBA (TV)	Land	6	24/04/2018
VOLPAGO DEL MONTELLO (TV)	Land	1	24/04/2018
TOLMEZZO (UD)	Buildings	2	24/04/2018
TOLMEZZO (UD)	Land	5	24/04/2018
ALTAVILLA VICENTINA (VI)	Buildings	36	24/04/2018
ALTAVILLA VICENTINA (VI)	Land	3	24/04/2018
SAREGO (VI)	Buildings	4	24/04/2018
SAREGO (VI)	Land	1	24/04/2018
BOVOLONE (VR)	Land	4	24/04/2018

Buildings Details

Cadastre	Title	Location	Sheet No.	Particle No.	Sub No.	Categorie	Classe	Consistence	Cadastrial Rent	Part No.
B	Proprieta' per 1000/1000	AVEZZANO (AQ) VIA LEONARDO DA VINCI (P.T.-1-2-3-4-5-6), Piano T-6	61	1784		zona2 cat. D/1			Euro: 531.630,00
B	Proprieta' per 1000/1000	CANISTRO (AQ) LOCALITA' PRATOFRANCO, 1 Piano S1-T - 1	7	109	1	cat. D/1			Euro: 8.830,00
B	Proprieta' per 1000/1000	CANISTRO (AQ) LOCALITA' PRATOFRANCO, 1 Piano T	7	160	2	cat. F/2
B	Proprieta' per 1000/1000	CANISTRO (AQ) LOCALITA' PRATOFRANCO, 1 Piano T	7	160	3	cat. F/2
B	Proprieta' per 1000/1000	CANISTRO (AQ) LOCALITA' PRATOFRANCO, 1 Piano T	7	160	4	cat. F/2
B	Proprieta' per 1000/1000	CANISTRO (AQ) LOCALITA' PRATOFRANCO, 1 Piano T	7	608		cat. F/2
B	Proprieta' per 1000/1000	CANISTRO (AQ) LOCALITA' PRATOFRANCO, 1 Piano T	7	609		cat. F/2
B	Proprieta' per 1000/1000	CAPISTRELLO (AQ) VIA DI PIAZZA CENTRALE, Piano T-S1 - S2	50	952		cat. F/2
B	Proprieta' per 1000/1000	MARZABOTTO (BO) VIA LAMA DI RENO, 43 Piano T	13	42	40	cat. F/1
B	Proprieta' per 1000/1000	MARZABOTTO (BO) VIA LAMA DI RENO, SNC Piano T	13	711		cat. F/1
B	Proprieta' per 1000/1000	MARZABOTTO (BO) VIA MEDELANA, Piano T	19	103		cat. D/1			Euro: 29,70	1023
B	Proprieta' per 1000/1000	MARZABOTTO (BO) VIA LAMA DI RENO, Piano T-1 - 2-S1	7	175	3	cat. D/1			Euro: 93.044,00
B	Proprieta' per 1000/1000	MARZABOTTO (BO) VIA LAMA DI RENO, Piano T	7	177		cat. F/1
B	Proprieta' per l'area	MARZABOTTO (BO) VIA TORRENERA, Piano T	7	580		cat. D/1			Euro: 16,78
B	Proprieta' per 1000/1000	MARZABOTTO (BO) VIA LAMA DI RENO, SNC Piano T	7	703		cat. F/1
B	Proprieta' per 1000/1000	MARZABOTTO (BO) VIA LAMA DI RENO, Piano T	7	713		cat. F/1
B	Proprieta' per 1/1	MARZABOTTO (BO) VIA LAMA DI RENO, SNC Piano T	7	726	1	cat. D/1			Euro: 1.580,00
B	Proprieta' per 1/1	MARZABOTTO (BO) VIA LAMA DI RENO, SNC Piano T	7	726	2	cat. D/1			Euro: 96,00
B	Proprieta' per 1000/1000	TOSCOLANO-MADERNO (BS) VIA AMERIGO VESPUCCI, 28 Piano S1-4	TOS/30	3352	11	cat. D/1			Euro: 296.840,00
B	Proprieta' per 1000/1000	TOSCOLANO-MADERNO (BS) VIA AMERIGO VESPUCCI, 28 Piano T-1	TOS/30	3352	5	cat. A/2	4	11,5 vani	Euro:1.276,94
B	Proprieta' per 1000/1000	TOSCOLANO-MADERNO (BS) VIA AMERIGO VESPUCCI, 28 Piano T-1	TOS/30	3352	6	cat. A/2	3	8,5 vani	Euro:790,18
B	Proprieta' per 1000/1000	TOSCOLANO-MADERNO (BS) VIA AMERIGO VESPUCCI, 28 Piano T-1	TOS/30	3352	7	cat. A/2	3	6 vani	Euro:557,77
B	Proprieta' per 1000/1000	TOSCOLANO-MADERNO (BS) VIA AMERIGO VESPUCCI, 28 Piano T-1	TOS/30	3352	8	cat. A/2	4	6 vani	Euro:666,23
B	Proprieta' per 1000/1000	TOSCOLANO-MADERNO (BS) VIA AMERIGO VESPUCCI, 28 Piano T	TOS/30	3353	3	cat. A/2	3	4 vani	Euro:371,85
B	Proprieta' per 1000/1000	TOSCOLANO-MADERNO (BS) VIA AMERIGO VESPUCCI, 28 Piano 1	TOS/30	3353	4	cat. A/2	3	11,5 vani	Euro:1.069,07
B	Proprieta' per 1000/1000	TOSCOLANO-MADERNO (BS) VIA AMERIGO VESPUCCI, 28 Piano T	TOS/30	3353	5	cat. A/2	4	5,5 vani	Euro:610,71
B	Proprieta' per 1000/1000	TOSCOLANO-MADERNO (BS) VIA AMERIGO VESPUCCI, 28 Piano T	TOS/30	3353	6	cat. A/2	4	6,5 vani	Euro:721,75
B	Proprieta' per 1000/1000	TOSCOLANO-MADERNO (BS) VIALE GUGLIELMO MARCONI, Piano T	TOS/30	906	7	cat. F/1
B	Proprieta' per 1000/1000	CHIETI (CH) VIA FRATELLI POMILIO, Piano T	16	4683		cat. F/1
B	Proprieta' per 1000/1000	CHIETI (CH) VIA CARLO TRAVAGLINI, SNC Piano T	16	4690	2	cat. F/1
B	Proprieta' per 1000/1000	CHIETI (CH) VIA CARLO TRAVAGLINI, SNC Piano T	16	4691	2	cat. F/1
B	Proprieta' per 1000/1000	CHIETI (CH) VIA FRATELLI POMILIO, Piano T	16	4714		cat. F/1
B	Proprieta' per 1000/1000	CHIETI (CH) VIA CARLO TRAVAGLINI, SNC Piano T	16	4764		cat. F/1
B	Proprieta' per 1000/1000	CHIETI (CH) VIA ERASMO PIAGGIO, SNC Piano T	16	4765		cat. F/1
B	Proprieta' per 1000/1000	CHIETI (CH) VIA MARCINELLE, SNC Piano T	16	4776		cat. F/1
B	Proprieta' per 1000/1000	CHIETI (CH) VIA CARLO TRAVAGLINI, SNC Piano T	16	831	2	cat. F/1
B	Proprieta' per 1000/1000	CHIETI (CH) VIA ERASMO PIAGGIO, Piano T	25	11		cat. F/1
B	Proprieta' per 1000/1000	CHIETI (CH) VIA ERASMO PIAGGIO, Piano T	25	4252		cat. F/1
B	Proprieta' per 1000/1000	CHIETI (CH) VIA ERASMO PIAGGIO, Piano T	25	4261		cat. F/1
B	Proprieta' per 1000/1000	CHIETI (CH) VIA ERASMO PIAGGIO, Piano T	25	4262		cat. F/1
B	Proprieta' per 1000/1000	CHIETI (CH) VIA ERASMO PIAGGIO, Piano T	25	4263		cat. F/1
B	Proprieta' per 1000/1000	CHIETI (CH) VIA FRATELLI POMILIO, SNC Piano T	25	4264	1	cat. F/1
B	Proprieta' per 1000/1000	CHIETI (CH) VIA ERASMO PIAGGIO, SNC Piano T	25	4265	1	cat. F/1
B	Proprieta' per 1000/1000	CHIETI (CH) VIA ERASMO PIAGGIO, SNC Piano T	25	4328	1	cat. F/1
B	Proprieta' per 1000/1000	CHIETI (CH) VIA ERASMO PIAGGIO, Piano T	25	4341		cat. F/2
B	Proprieta' per 1000/1000	CHIETI (CH) VIA ERASMO PIAGGIO, SNC Piano T	25	4388		cat. F/1
B	Proprieta' per 1000/1000	CHIETI (CH) VIA ERASMO PIAGGIO, SNC Piano T	25	4389		cat. F/1
B	Proprieta' per 1000/1000	CHIETI (CH) VIA ERASMO PIAGGIO, SNC Piano T	25	4392		cat. F/1
B	Proprieta' per 1000/1000	CHIETI (CH) VIA ERASMO PIAGGIO, SNC Piano T	25	4393		cat. F/1
B	Proprieta' per 1000/1000	CHIETI (CH) VIA ERASMO PIAGGIO, SNC Piano T	25	54	3	cat. F/1
B	Proprieta' per 1000/1000	CHIETI (CH) VIA ERASMO PIAGGIO, Piano T	25	746		cat. F/2
B	Proprieta' per 1000/1000	PAESANA (CN) VIA MONVISO, Piano T - 0003	20	1159	1	cat. A/2	2	4,5 vani	Euro:244,03	89
B	Proprieta' per 1000/1000	PAESANA (CN) VIA MONVISO, Piano T - 0003	20	1159	2	cat. A/2	2	5,5 vani	Euro:298,25	89
B	Proprieta' per 1000/1000	PAESANA (CN) VIA MONVISO, Piano 1 - 0003	20	1159	3	cat. A/2	2	7 vani	Euro:379,60	89
B	Proprieta' per 1000/1000	PAESANA (CN) VIA MONVISO, Piano 2 - 0003	20	1159	4	cat. A/2	2	4,5 vani	Euro:244,03	89
B	Proprieta' per 1000/1000	PAESANA (CN) VIA MONVISO, Piano S1 - 0002	20	1159	5	cat. A/2	2	5,5 vani	Euro:298,25
B	Proprieta' per 1000/1000	VERZUOLO (CN) VIA ROMA, 26 Piano S1-T - 1-2	11	21	8	cat. D/1			Euro: 702.984,00
B	Proprieta' per 1000/1000	VERZUOLO (CN) VIA ROMA, 32 Piano T-1	11	229	23	cat. A/4	4	4,5 vani	Euro:232,41
B	Proprieta' per 1000/1000	VERZUOLO (CN) VIA ROMA, 40 Piano T	11	229	24	cat. C/6	3	27 mq	Euro:139,44
B	Proprieta' per 1000/1000	VERZUOLO (CN) VIA ROMA, 40 Piano T	11	229	25	cat. C/6	3	22 mq	Euro:113,62
B	Proprieta' per 1000/1000	VERZUOLO (CN) VIA ROMA, 28 Piano S1-T	11	233		cat. A/7	3	10 vani	Euro:877,98
B	Proprieta' per l'area	VERZUOLO (CN) VIA ROMA, 26 Piano T	11	357	1	cat. D/1			Euro: 6.545,84
B	Proprieta' per 1000/1000	VERZUOLO (CN) VIA TORNALUNGA, SNC Piano T	11	402	1	cat. D/1			Euro: 5.250,00
B	Proprieta' per l'area	VERZUOLO (CN) VIA ROMA, 26 Piano T	3	595		cat. D/1			Euro: 204,00
B	Proprieta' per l'area	VERZUOLO (CN) PIAZZA MARTIRI DELLA LIBERTA', 8 Piano T - 0001	3	683		cat. D/1			Euro: 160,00
B	Proprieta' per l'area	VERZUOLO (CN) VIA DEL TEATRO, Piano T	3	698		cat. D/1			Euro: 160,00
B	Proprieta' per 1000/1000	VERZUOLO (CN) VIA ROMA, 26 Piano T	VIL/3	2142	2	cat. D/1			Euro: 436,00
B	Proprieta' per 1000/1000	SORA (FR) VIALE SAN DOMENICO, 62 Piano T-1	53	1087		zona2 cat. D/1			Euro: 326.306,00
B	Proprieta' per 1000/1000	SORA (FR) VIALE SAN DOMENICO, Piano T	53	602		zona2 cat. A/2	2	10 vani	Euro:542,28	1001663
B	Proprieta' per 1000/1000	SORA (FR) VIALE SAN DOMENICO, Piano T	53	603		zona2 cat. A/2	2	10 vani	Euro:542,28	1001663
B	Proprieta' per 1000/1000	GERMAGNANO (TO) LOCALITA MONTE BASSO, SCN Piano T-1	9	178		cat. F/2
B	Proprieta' per 1000/1000	SAN MAURO TORINESE (TO) VIA LUIGI BURGO, 8 Piano T-1 - 2	3	20	101	cat. D/8			Euro: 148.390,00
B	Proprieta' per 1/1	DUINO-AURISINA (TS) FRAZIONE S. GIOVANNI DI DUINO/STIVAN, 24/D Piano T	D/3	1368/66	2	cat. A/2	2	7,5 vani	Euro:755,32
B	Proprieta' per 1/1	DUINO-AURISINA (TS) FRAZIONE S. GIOVANNI DI DUINO/STIVAN, 24/D Piano T	D/3	1368/66	4	cat. A/2	2	7,5 vani	Euro:755,32
B	Proprieta' per 1/1	DUINO-AURISINA (TS) FRAZIONE S. GIOVANNI DI DUINO/STIVAN, 24/D Piano T	D/3	1368/66	5	cat. A/2	2	8 vani	Euro:805,67
B	Proprieta' per 1/1	DUINO-AURISINA (TS) FRAZIONE S. GIOVANNI DI DUINO/STIVAN, 24/D Piano T	D/3	1368/66	6	cat. A/2	2	8 vani	Euro:805,67
B	Proprieta' per 1/1	DUINO-AURISINA (TS) FRAZIONE S. GIOVANNI DI DUINO/STIVAN, 24/D Piano S1-T - 1-2	D/3	1368/66	7	cat. D/7			Euro: 713.078,90
B	Proprieta' per 1/1	DUINO-AURISINA (TS) FRAZIONE S. GIOVANNI DI DUINO/STIVAN, 24/D Piano T	D/3	1368/68		cat. F/1
B	Proprieta' per l'area	DUINO-AURISINA (TS) FRAZIONE S. GIOVANNI DI DUINO/STIVAN, Piano T	D/3	1502		cat. D/1			Euro: 2.000,00
B	Proprieta' per 1/1	DUINO-AURISINA (TS) FRAZIONE S. GIOVANNI DI DUINO/STIVAN, Piano T	D/6	1504		cat. F/1
B	Proprieta' per 1000/1000	SPRESIANO (TV) BORGO RUZZINI, Piano T	C/3	68	1	cat. D/7			Euro: 3.451,48
B	Proprieta' per 1000/1000	SPRESIANO (TV) VIA SPINELLI, Piano	C/3	68	2	cat. F/1
B	Proprieta' per 1000/1000	VILLORBA (TV) VIA ROMA, Piano T	A/6	20	12	cat. D/1			Euro: 311.154,00
B	Proprieta' per 1000/1000	VILLORBA (TV) VIA ROMA, Piano S1-T - 1-2	A/6	76	1	cat. A/7	2	18 vani	Euro:1.998,69
B	Proprieta' per 1/1	TOLMEZZO (UD) VIA PIRELLI GIOVANNI, Piano T	79	432		cat. F/1
B	Proprieta' per 1/1	TOLMEZZO (UD) VIA CHIAMUE, Piano T	79	433		cat. F/1
B	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI) VIA ISONZO, 3B Piano S1	3	1028	102	cat. C/6	1	13 mq	Euro:16,78
B	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI) VIA ISONZO, 3B Piano S1	3	1028	103	cat. C/6	1	13 mq	Euro:16,78
B	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI) VIA ISONZO, 3B Piano S1	3	1028	104	cat. C/6	1	12 mq	Euro:15,49
B	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI) VIA ISONZO, 3B Piano S1	3	1028	105	cat. C/6	1	12 mq	Euro:15,49
B	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI) VIA ISONZO, 3B Piano S1	3	1028	106	cat. C/6	1	12 mq	Euro:15,49
B	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI) VIA ISONZO, 3B Piano S1	3	1028	107	cat. C/6	1	12 mq	Euro:15,49
B	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI) VIA ISONZO, 3B Piano S1	3	1028	108	cat. C/6	1	12 mq	Euro:15,49
B	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI) VIA ISONZO, 3B Piano S1	3	1028	109	cat. C/6	1	12 mq	Euro:15,49
B	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI) VIA PIAVE, Piano T	3	1028	111	cat. D/1			Euro: 104,84	200000
B	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI) VIA PIAVE, Piano T	3	1028	112	cat. D/1			Euro: 63,01	200000
B	Proprieta' per 1/1	ALTAVILLA VICENTINA (VI) VIA PIAVE, 1 Piano S1-T - 1-2	3	1028	125	cat. D/8			Euro: 28.984,00
B	Proprieta' per 1/1	ALTAVILLA VICENTINA (VI) VIA PIAVE, Piano T	3	1028	32	cat. C/6	1	10 mq	Euro:12,91	200000
B	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI) VIA PIAVE, Piano T	3	1028	33	cat. C/6	1	10 mq	Euro:12,91	200000
B	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI) VIA PIAVE, Piano T	3	1028	34	cat. C/6	1	10 mq	Euro:12,91	200000
B	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI) VIA PIAVE, Piano T	3	1028	35	cat. C/6	1	10 mq	Euro:12,91	200000
B	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI) VIA PIAVE, Piano T	3	1028	36	cat. C/6	1	10 mq	Euro:12,91	200000
B	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI) VIA PIAVE, Piano T	3	1028	37	cat. C/6	1	10 mq	Euro:12,91	200000
B	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI) VIA PIAVE, Piano T	3	1028	38	cat. C/6	1	10 mq	Euro:12,91	200000
B	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI) VIA ISONZO, 3B Piano S1	3	1028	80	cat. C/2	2	31 mq	Euro:32,02
B	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI) VIA ISONZO, 3B Piano S1	3	1028	81	cat. C/2	2	22 mq	Euro:22,72
B	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI) VIA ISONZO, 3B Piano S1	3	1028	82	cat. C/6	1	12 mq	Euro:15,49
B	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI) VIA ISONZO, 3B Piano S1	3	1028	83	cat. C/6	1	12 mq	Euro:15,49
B	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI) VIA ISONZO, 3B Piano S1	3	1028	84	cat. C/6	1	14 mq	Euro:18,08
B	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI) VIA ISONZO, 3B Piano S1	3	1028	85	cat. C/6	1	14 mq	Euro:18,08
B	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI) VIA PIAVE, 3B Piano S1	3	1028	86	cat. C/6	1	14 mq	Euro:18,08
B	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI) VIA ISONZO, 3B Piano S1	3	1028	87	cat. C/6	1	14 mq	Euro:18,08
B	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI) VIA ISONZO, 3B Piano S1	3	1028	88	cat. C/6	1	13 mq	Euro:16,78
B	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI) VIA ISONZO, 3B Piano S1	3	1028	89	cat. C/6	1	13 mq	Euro:16,78
B	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI) VIA ISONZO, 3B Piano S1	3	1028	90	cat. C/6	1	13 mq	Euro:16,78
B	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI) VIA ISONZO, 3B Piano S1	3	1028	91	cat. C/6	1	13 mq	Euro:16,78
B	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI) VIA ISONZO, 3B Piano S1	3	1028	92	cat. C/6	1	13 mq	Euro:16,78
B	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI) VIA ISONZO, 3B Piano S1	3	1028	93	cat. C/6	1	13 mq	Euro:16,78
B	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI) VIA ISONZO, 3B Piano S1	3	1028	94	cat. C/6	1	10 mq	Euro:12,91
B	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI) VIA PIAVE, 3B Piano S1	3	1028	95	cat. C/6	1	10 mq	Euro:12,91
B	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI) VIA ISONZO, 3B Piano S1	3	1028	98	cat. C/6	1	10 mq	Euro:12,91
B	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI) VIA ISONZO, 3B Piano S1	3	1028	99	cat. C/6	1	10 mq	Euro:12,91
B	Proprieta' per 1000/1000	SAREGO (VI) VIA G. SALVAGNINI, 70 Piano T	20	3	2	cat. D/1			Euro: 222,08
B	Proprieta' per 1000/1000	SAREGO (VI) VIA G. SALVAGNINI, 70 Piano T	20	3	3	cat. D/1			Euro: 139,44
B	Proprieta' per 1000/1000	SAREGO (VI) VIA G. SALVAGNINI, 70 Piano T	20	3	4	cat. D/1			Euro: 92,96
B	Proprieta' per 1000/1000	SAREGO (VI) VIA G. SALVAGNINI, 40 Piano T-1 - 2-3	20	3	8	cat. D/7			Euro: 141.222,00

Land Details

Cadastre	Title	Location	Sheet No.	Particle No.	Sub No.	Category	Class	Consistence	Cadastrial Rent	Part No.
L	Proprieta' per 1000/1000	AVEZZANO (AQ)	62	868		AREA RURALE		2 are 70 ca	R.D.Euro: R.A. Euro:
L	Proprieta' per 1000/1000	AVEZZANO (AQ)	62	869		SEMINATIVO	3	5 are 30 ca	R.D.Euro:3,01 R.A. Euro: 3,56	10140
L	Proprieta' per 1000/1000	AVEZZANO (AQ)	62	871		BOSCO CEDUO	1	2 are 10 ca	R.D.Euro:0,27 R.A. Euro: 0,07	10140
L	Proprieta' per 1000/1000	AVEZZANO (AQ)	62	873		SEMINATIVO	4	1 are 15 ca	R.D.Euro:0,45 R.A. Euro: 0,62	153138
L	Proprieta' per 1000/1000	AVEZZANO (AQ)	62	874		SEMINATIVO	4	1 are 15 ca	R.D.Euro:0,45 R.A. Euro: 0,62	153138
L	Proprieta' per 1000/1000	AVEZZANO (AQ)	62	875		SEMINATIVO	4	11 are 90 ca	R.D.Euro:4,61 R.A. Euro: 6,45	10140
L	Proprieta' per 1000/1000	AVEZZANO (AQ)	62	876		SEMINATIVO	4	11 are 90 ca	R.D.Euro:4,61 R.A. Euro: 6,45	10140
L	Proprieta' per 1000/1000	AVEZZANO (AQ)	62	877		SEMINATIVO	3	3 are	R.D.Euro:1,70 R.A. Euro: 2,01	10140
L	Proprieta' per 1000/1000	AVEZZANO (AQ)	62	879		SEMINATIVO	3	10 are 90 ca	R.D.Euro:6,19 R.A. Euro: 7,32	10140
L	Proprieta' per 1000/1000	AVEZZANO (AQ)	62	890		SEMINATIVO	5	13 are 20 ca	R.D.Euro:1,70 R.A. Euro: 2,39	10140
L	Proprieta' per 1000/1000	AVEZZANO (AQ)	62	892		SEMINATIVO	5	2 are 44 ca	R.D.Euro:0,32 R.A. Euro: 0,44	10140
L	Proprieta' per 1000/1000	AVEZZANO (AQ)	64	382		SEMINATIVO	5	4 are	R.D.Euro:0,52 R.A. Euro: 0,72	5069
L	Proprieta' per 1000/1000	CANISTRO (AQ)	7	161		PASCOLO	U	15 are 70 ca	R.D.Euro:0,81 R.A. Euro: 0,24	747
L	Proprieta' per 1000/1000	CANISTRO (AQ)	7	185		SEMINATIVO	2	1 ha 30 are 87 ca	R.D.Euro:27,04 R.A. Euro: 23,66	1730
L	Proprieta' per 1000/1000	CANISTRO (AQ)	7	201		SEMINATIVO	3	58 are 67 ca	R.D.Euro:9,09 R.A. Euro: 9,09	1730
L	Proprieta' per 1000/1000	CANISTRO (AQ)	7	216		SEMIN IRRIG	1	15 are 87 ca	R.D.Euro:9,02 R.A. Euro: 6,56	1730
L	Proprieta' per 1000/1000	CANISTRO (AQ)	7	221		SEMINATIVO	1	45 are 20 ca	R.D.Euro:11,67 R.A. Euro: 8,17	747
L	Proprieta' per 1000/1000	CANISTRO (AQ)	7	243		PASCOLO	U	12 are 60 ca	R.D.Euro:0,65 R.A. Euro: 0,20	747
L	Proprieta' per 1000/1000	CANISTRO (AQ)	7	245		SEMINATIVO	2	8 are 80 ca	R.D.Euro:1,82 R.A. Euro: 1,59	747
L	Proprieta' per 1000/1000	CANISTRO (AQ)	7	246		SEMINATIVO	2	7 are 20 ca	R.D.Euro:1,49 R.A. Euro: 1,30	747
L	Proprieta' per 1000/1000	CANISTRO (AQ)	7	247		SEMINATIVO	2	18 are 70 ca	R.D.Euro:3,86 R.A. Euro: 3,38	747
L	Proprieta' per 1000/1000	CANISTRO (AQ)	7	254		SEMINATIVO	4	1 ha 80 are 20 ca	R.D.Euro:18,61 R.A. Euro: 23,27	1730
L	Proprieta' per 1000/1000	CANISTRO (AQ)	7	256		SEMINATIVO	4	5 ha 35 are 57 ca	R.D.Euro:55,32 R.A. Euro: 69,15
L	Proprieta' per 1000/1000	CANISTRO (AQ)	7	261		SEMINATIVO	3	18 are 40 ca	R.D.Euro:2,85 R.A. Euro: 2,85	1730
L	Proprieta' per 1000/1000	CANISTRO (AQ)	7	263		SEMINATIVO	2	57 are 6 ca	R.D.Euro:11,79 R.A. Euro: 10,31	1730
L	Proprieta' per 1000/1000	CANISTRO (AQ)	7	266		SEMIN IRRIG	1	3 are 95 ca	R.D.Euro:2,24 R.A. Euro: 1,63	1730
L	Proprieta' per 1000/1000	CANISTRO (AQ)	7	269		SEMINATIVO	1	1 are 2 ca	R.D.Euro:0,26 R.A. Euro: 0,18	747
L	Proprieta' per 1000/1000	CANISTRO (AQ)	7	324		SEMIN IRRIG	1	4 are 16 ca	R.D.Euro:2,36 R.A. Euro: 1,72	1165
L	Proprieta' per 1000/1000	CANISTRO (AQ)	7	325		SEMIN IRRIG	1	87 ca	R.D.Euro:0,49 R.A. Euro: 0,36	1165
L	Proprieta' per 1000/1000	CANISTRO (AQ)	7	326		SEMIN IRRIG	1	7 are 65 ca	R.D.Euro:4,35 R.A. Euro: 3,16	1165
L	Proprieta' per 1000/1000	CANISTRO (AQ)	7	327		SEMIN IRRIG	1	24 are 60 ca	R.D.Euro:13,98 R.A. Euro: 10,16	1165
L	Proprieta' per 1000/1000	CAPISTRELLO (AQ)	29	186		SEMINATIVO	5	5 are 21 ca	R.D.Euro:0,81 R.A. Euro: 0,67	4601
L	Proprieta' per 1000/1000	CAPISTRELLO (AQ)	50	172		PASCOLO	2	34 are 60 ca	R.D.Euro:1,25 R.A. Euro: 0,36	4601
L	Proprieta' per 1000/1000	CAPISTRELLO (AQ)	50	173		PASCOLO	2	9 are 70 ca	R.D.Euro:0,35 R.A. Euro: 0,10	4601
L	Proprieta' per 1000/1000	CAPISTRELLO (AQ)	51	5		PASC CESPUG	U	44 are 20 ca	R.D.Euro:1,37 R.A. Euro: 0,91	10099
L	Proprieta' per 1000/1000	MARZABOTTO (BO)	13	111		SEMIN ARBOR	1	74 are 10 ca	R.D.Euro:19,13 R.A. Euro: 38,27	1723
L	Proprieta' per 1000/1000	MARZABOTTO (BO)	13	756		BOSCO CEDUO	1	19 are 2 ca	R.D.Euro:1,87 R.A. Euro: 0,59
L	Proprieta' per 1000/1000	MARZABOTTO (BO)	7	256		INCOLT PROD	1	2 are 55 ca	R.D.Euro:0,03 R.A. Euro: 0,04	1723
L	Proprieta' per 1000/1000	MARZABOTTO (BO)	7	727		PRATO	U	77 are 22 ca	R.D.Euro:19,94 R.A. Euro: 17,95
L	Proprieta' per 1000/1000	MARZABOTTO (BO)	7	734		SEMINATIVO	1	1 ha 23 are 15 ca	R.D.Euro:31,80 R.A. Euro: 63,60
L	Proprieta' per 1000/1000	MARZABOTTO (BO)	7	735		SEMINATIVO	1	35 ca	R.D.Euro:0,09 R.A. Euro: 0,18
L	Proprieta' per 1/1	CHIETI (CH)	16	4742		REL ENTE UR		1 are 55 ca	R.D.Euro: R.A. Euro:
L	Proprieta' per 1/1	CHIETI (CH)	16	4750		REL ENTE UR		1 are 50 ca	R.D.Euro: R.A. Euro:
L	Proprieta' per 1000/1000	CHIETI (CH)	25	664		AREA RURALE		2 are 60 ca	R.D.Euro: R.A. Euro:
L	Proprieta' per 1000/1000	CHIETI (CH)	25	665		SEMINATIVO	1	6 are 20 ca	R.D.Euro:4,32 R.A. Euro: 3,36	13267
L	Proprieta' per 1000/1000	CUNEO (CN)	36	141		INCOLT PROD	U	7 are 80 ca	R.D.Euro:0,24 R.A. Euro: 0,08	7775
L	Proprieta' per 1000/1000	PAESANA (CN)	20	1133		PRATO IR AR	2	1 are 10 ca	R.D.Euro:0,60 R.A. Euro: 0,45	13959
L	Proprieta' per 1000/1000	PAESANA (CN)	20	1160		PRATO IRRIG	2	4 are 55 ca	R.D.Euro:2,47 R.A. Euro: 1,76	13959
L	Proprieta' per 1000/1000	PAESANA (CN)	20	1594		PRATO IR AR	2	1 are 66 ca	R.D.Euro:0,90 R.A. Euro: 0,69
L	Proprieta' per 1000/1000	PAESANA (CN)	20	1596		PRATO IRRIG	2	2 are 55 ca	R.D.Euro:1,38 R.A. Euro: 0,99
L	Proprieta' per 1000/1000	PAESANA (CN)	20	1598		PRATO IR AR	2	9 are 65 ca	R.D.Euro:5,23 R.A. Euro: 3,99
L	Proprieta' per 1/1	PAESANA (CN)	20	1655		INCOLT PROD	2	24 ca	R.D.Euro:0,01 R.A. Euro: 0,00
L	Proprieta' per 1/1	PAESANA (CN)	20	1656		CAST FRUTTO	2	42 ca	R.D.Euro:0,07 R.A. Euro: 0,03
L	Proprieta' per 1/1	PAESANA (CN)	20	1657		CAST FRUTTO	2	1 are 74 ca	R.D.Euro:0,27 R.A. Euro: 0,13
L	Proprieta' per 1000/1000	PAESANA (CN)	20	781		INCOLT PROD	2	80 ca	R.D.Euro:0,01 R.A. Euro: 0,00
L	Proprieta' per 1000/1000	PAESANA (CN)	20	801		PRATO IR AR	2	13 are 12 ca	R.D.Euro:7,11 R.A. Euro: 5,42	13959
L	Proprieta' per 1000/1000	PAESANA (CN)	20	944		CAST FRUTTO	2	80 ca	R.D.Euro:0,12 R.A. Euro: 0,06
L	Proprieta' per 1000/1000	PAESANA (CN)	20	945		CAST FRUTTO	2	9 are 30 ca	R.D.Euro:1,44 R.A. Euro: 0,72
L	Proprieta' per 1000/1000	VERZUOLO (CN) Sez.A	11	146		PRATO IR AR	1	36 are 90 ca	R.D.Euro:36,21 R.A. Euro: 30,49	3716
L	Proprieta' per 1000/1000	VERZUOLO (CN) Sez.A	11	257		PRATO IRRIG	1	10 are	R.D.Euro:9,04 R.A. Euro: 8,26	2983
L	Proprieta' per 1000/1000	VERZUOLO (CN) Sez.A	11	622		SEMIN IRRIG	1	1 are 19 ca	R.D.Euro:1,41 R.A. Euro: 1,01
L	Proprieta' per 1000/1000	VERZUOLO (CN) Sez.A	11	626		FRUTTETO	1	28 are 99 ca	R.D.Euro:112,29 R.A. Euro: 36,68
L	Proprieta' per 1000/1000	VERZUOLO (CN) Sez.A	11	629		FRUTTETO	1	6 are 43 ca	R.D.Euro:24,91 R.A. Euro: 8,14
L	Proprieta' per 1000/1000	VERZUOLO (CN) Sez.A	11	631		SEMIN IRRIG	1	38 ca	R.D.Euro:0,45 R.A. Euro: 0,32
L	Proprieta' per 1000/1000	VERZUOLO (CN) Sez.A	11	633		SEMIN IRRIG	1	26 are 38 ca	R.D.Euro:31,34 R.A. Euro: 22,48
L	Proprieta' per 1000/1000	VERZUOLO (CN) Sez.A	12	288		SEMIN ARBOR	2	2 are 72 ca	R.D.Euro:1,62 R.A. Euro: 1,62	2983
L	Proprieta' per 1000/1000	VERZUOLO (CN) Sez.A	12	357		AREA RURALE		56 ca	R.D.Euro: R.A. Euro:
L	Proprieta' per 1000/1000	VERZUOLO (CN) Sez.A	12	358		AREA RURALE		6 ca	R.D.Euro: R.A. Euro:
L	Proprieta' per 1000/1000	VERZUOLO (CN) Sez.A	23	105		INCOLT PROD	U	30 are 29 ca	R.D.Euro:0,94 R.A. Euro: 0,31
L	Proprieta' per 1/1	VERZUOLO (CN) Sez.A	23	157		BOSCO CEDUO	3	12 are 6 ca	R.D.Euro:0,44 R.A. Euro: 0,31
L	Proprieta' per 1000/1000	VERZUOLO (CN) Sez.A	23	64		BOSCO CEDUO	3	8 are 20 ca	R.D.Euro:0,30 R.A. Euro: 0,21
L	Proprieta' per 1000/1000	VERZUOLO (CN) Sez.A	23	66		INCOLT PROD	U	9 are 40 ca	R.D.Euro:0,29 R.A. Euro: 0,10	2983
L	Proprieta' per 1000/1000	VERZUOLO (CN) Sez.A	23	68		INCOLT PROD	U	48 are 20 ca	R.D.Euro:1,49 R.A. Euro: 0,50	6252
L	Proprieta' per 1000/1000	VERZUOLO (CN) Sez.A	23	70		INCOLT PROD	U	4 are 40 ca	R.D.Euro:0,14 R.A. Euro: 0,05	2983
L	Proprieta' per 1000/1000	VERZUOLO (CN) Sez.A	24	100		INCOLT STER		32 are 81 ca	R.D.Euro: R.A. Euro:	2983
L	Proprieta' per 1000/1000	VERZUOLO (CN) Sez.A	24	11		SEMIN IRRIG	4	6 are 49 ca	R.D.Euro:5,87 R.A. Euro: 4,69	2983
L	Proprieta' per 1000/1000	VERZUOLO (CN) Sez.A	24	134		INCOLT PROD	U	11 are 30 ca	R.D.Euro:0,35 R.A. Euro: 0,12	2983
L	Proprieta' per 1000/1000	VERZUOLO (CN) Sez.A	24	227		FRUTTETO	2	46 are	R.D.Euro:130,66 R.A. Euro: 47,51	2983
L	Proprieta' per 1000/1000	VERZUOLO (CN) Sez.A	24	228		PRATO IRRIG	4	1 ha 5 are 20 ca	R.D.Euro:54,33 R.A. Euro: 54,33	29873
L	Proprieta' per 1000/1000	VERZUOLO (CN) Sez.A	24	229		FRUTTETO	2	43 are 20 ca	R.D.Euro:122,71 R.A. Euro: 44,62	2983
L	Proprieta' per 1000/1000	VERZUOLO (CN) Sez.A	24	32		FRUTTETO	2	36 are 24 ca	R.D.Euro:102,94 R.A. Euro: 37,43	2983
L	Proprieta' per 1000/1000	VERZUOLO (CN) Sez.A	24	33		SEM IRR ARB	4	8 are 36 ca	R.D.Euro:7,56 R.A. Euro: 6,04	2983
L	Proprieta' per 1000/1000	VERZUOLO (CN) Sez.A	24	34		INCOLT PROD	U	27 are 21 ca	R.D.Euro:0,84 R.A. Euro: 0,28	2983
L	Proprieta' per 1000/1000	VERZUOLO (CN) Sez.A	24	86		BOSCO CEDUO	2	2 ha 20 are 90 ca	R.D.Euro:11,41 R.A. Euro: 7,99	2983
L	Proprieta' per 1000/1000	VERZUOLO (CN) Sez.A	24	89		BOSCO CEDUO	2	83 are 10 ca	R.D.Euro:4,29 R.A. Euro: 3,00	2983
L	Proprieta' per 1000/1000	VERZUOLO (CN) Sez.A	24	9		FRUTTETO	2	31 are 94 ca	R.D.Euro:90,73 R.A. Euro: 32,99	2983
L	Proprieta' per 1000/1000	VERZUOLO (CN) Sez.A	4	410		INCOLT STER		3 are 45 ca	R.D.Euro: R.A. Euro:	6612
L	Proprieta' per 1000/1000	VERZUOLO (CN) Sez.A	4	90		FU D ACCERT		11 are 90 ca	R.D.Euro: R.A. Euro:	2983
L	Proprieta' per 1000/1000	SORA (FR)	48	898		SEM IRR ARB	2	4 are 40 ca	R.D.Euro:4,43 R.A. Euro: 3,18	16880
L	Proprieta' per 1000/1000	SORA (FR)	48	899		SEM IRR ARB	2	84 ca	R.D.Euro:0,85 R.A. Euro: 0,61	16880
L	Proprieta' per 1000/1000	SORA (FR)	48	907		SEM IRR ARB	2	1 are 10 ca	R.D.Euro:1,11 R.A. Euro: 0,80	16880
L	Proprieta' per 1000/1000	SORA (FR)	53	611		BOSCO ALTO	1	3 are 35 ca	R.D.Euro:1,21 R.A. Euro: 0,10	16880
L	Proprieta' per 1000/1000	SORA (FR)	53	713		BOSCO ALTO	1	5 are 85 ca	R.D.Euro:2,11 R.A. Euro: 0,18	18378
L	Proprieta' per 1000/1000	SORA (FR)	53	721		SEMIN IRRIG	3	1 are 80 ca	R.D.Euro:1,30 R.A. Euro: 0,84	16880
L	Proprieta' per 1000/1000	MONFALCONE (GO) Sez.A	11	602/120		PRATI	7	5 are 20 ca	R.D.Euro:0,81 R.A. Euro: 0,54
L	Proprieta' per 1000/1000	MONFALCONE (GO) Sez.A	11	602/147		PRATI	7	2 are 53 ca	R.D.Euro:0,39 R.A. Euro: 0,26
L	Proprieta' per 1000/1000	MONFALCONE (GO) Sez.A	11	602/17		PRATI	7	1 are 69 ca	R.D.Euro:0,26 R.A. Euro: 0,17	999999
L	Proprieta' per 1000/1000	MONFALCONE (GO) Sez.A	11	602/18		PRATI	7	3 are 78 ca	R.D.Euro:0,59 R.A. Euro: 0,39
L	Proprieta' per 1000/1000	MONFALCONE (GO) Sez.A	11	602/19		PRATI	7	8 are 65 ca	R.D.Euro:1,34 R.A. Euro: 0,89	999999
L	Proprieta' per 1000/1000	MONFALCONE (GO) Sez.A	11	602/54		PRATI	7	29 are 72 ca	R.D.Euro:4,60 R.A. Euro: 3,07
L	Proprieta' per 1000/1000	MONFALCONE (GO) Sez.A	11	602/56		PRATI	7	42 are 17 ca	R.D.Euro:6,53 R.A. Euro: 4,36
L	Proprieta' per 1000/1000	MONFALCONE (GO) Sez.A	11	602/57		PRATI	7	39 are 10 ca	R.D.Euro:6,06 R.A. Euro: 4,04	999999
L	Proprieta' per 1000/1000	MONFALCONE (GO) Sez.A	11	602/58		PRATI	7	30 are 80 ca	R.D.Euro:4,77 R.A. Euro: 3,18	999999
L	Proprieta' per 1000/1000	MONFALCONE (GO) Sez.A	11	602/6		PRATI	7	14 are 71 ca	R.D.Euro:2,28 R.A. Euro: 1,52	999999
L	Proprieta' per 1000/1000	MONFALCONE (GO) Sez.A	11	602/60		PRATI	7	35 are 58 ca	R.D.Euro:5,51 R.A. Euro: 3,68	999999
L	Proprieta' per 1000/1000	MONFALCONE (GO) Sez.A	11	602/61		PRATI	7	37 are 8 ca	R.D.Euro:5,75 R.A. Euro: 3,83	999999
L	Proprieta' per 1000/1000	MONFALCONE (GO) Sez.A	11	602/62		PRATI	7	27 are 60 ca	R.D.Euro:4,28 R.A. Euro: 2,85	999999
L	Proprieta' per 1000/1000	MONFALCONE (GO) Sez.A	11	602/64		PRATI	7	12 are 21 ca	R.D.Euro:1,89 R.A. Euro: 1,26	999999
L	Proprieta' per 1000/1000	MONFALCONE (GO) Sez.A	11	602/8		PRATI	7	12 are 16 ca	R.D.Euro:1,88 R.A. Euro: 1,26	999999
L	Proprieta' per 1000/1000	GERMAGNANO (TO)	7	264		INCOLT PROD	U	10 ca	R.D.Euro:0,01 R.A. Euro: 0,00	2726
L	Proprieta' per 1000/1000	GERMAGNANO (TO)	7	407		PRATO IRRIG	3	11 are 30 ca	R.D.Euro:3,21 R.A. Euro: 2,63	2726
L	Proprieta' per 1000/1000	GERMAGNANO (TO)	7	425		SEMINATIVO	2	97 are 20 ca	R.D.Euro:20,08 R.A. Euro: 22,59	2726
L	Proprieta' per 1000/1000	GERMAGNANO (TO)	7	448		PRATO IRRIG	3	27 are 50 ca	R.D.Euro:7,81 R.A. Euro: 6,39	2726
L	Proprieta' per 1000/1000	GERMAGNANO (TO)	7	449		BOSCO CEDUO	1	5 are 74 ca	R.D.Euro:0,50 R.A. Euro: 0,15	2726
L	Proprieta' per 1000/1000	GERMAGNANO (TO)	7	450		BOSCO CEDUO	2	1 are 15 ca	R.D.Euro:0,05 R.A. Euro: 0,02	1917
L	Proprieta' per 1000/1000	GERMAGNANO (TO)	7	457		BOSCO CEDUO	1	9 are 73 ca	R.D.Euro:0,85 R.A. Euro: 0,25	2726
L	Proprieta' per 1000/1000	GERMAGNANO (TO)	7	502		BOSCO CEDUO	1	1 are 2 ca	R.D.Euro:0,09 R.A. Euro: 0,03	2726
L	Proprieta' per 1000/1000	GERMAGNANO (TO)	7	503		BOSCO CEDUO	1	1 are 95 ca	R.D.Euro:0,17 R.A. Euro: 0,05	2726
L	Proprieta' per 1000/1000	GERMAGNANO (TO)	7	504		BOSCO CEDUO	1	3 are 44 ca	R.D.Euro:0,30 R.A. Euro: 0,09	2726
L	Proprieta' per 1000/1000	GERMAGNANO (TO)	7	505		BOSCO CEDUO	1	2 are 70 ca	R.D.Euro:0,24 R.A. Euro: 0,07	2726
L	Proprieta' per 1000/1000	GERMAGNANO (TO)	7	507		BOSCO CEDUO	1	2 are 59 ca	R.D.Euro:0,23 R.A. Euro: 0,07	2726
L	Proprieta' per 1000/1000	GERMAGNANO (TO)	7	508		BOSCO CEDUO	1	2 are 11 ca	R.D.Euro:0,19 R.A. Euro: 0,05	2022
L	Proprieta' per 1000/1000	GERMAGNANO (TO)	7	512		BOSCO CEDUO	1	7 are 8 ca	R.D.Euro:0,62 R.A. Euro: 0,18	2726
L	Proprieta' per 1000/1000	GERMAGNANO (TO)	7	513		BOSCO CEDUO	1	4 are 90 ca	R.D.Euro:0,43 R.A. Euro: 0,13	2726
L	Proprieta' per 1000/1000	GERMAGNANO (TO)	7	514		PRATO IRRIG	3	12 ca	R.D.Euro:0,03 R.A. Euro: 0,03	2726
L	Proprieta' per 1000/1000	GERMAGNANO (TO)	7	699		BOSCO CEDUO	1	5 are 28 ca	R.D.Euro:0,46 R.A. Euro: 0,14	1220
L	Proprieta' per 1000/1000	GERMAGNANO (TO)	7	819		BOSCO CEDUO	2	1 are 16 ca	R.D.Euro:0,05 R.A. Euro: 0,02	1916
L	Proprieta' per 1000/1000	GERMAGNANO (TO)	7	867		BOSCO CEDUO	1	28 ca	R.D.Euro:0,02 R.A. Euro: 0,01	1220
L	Proprieta' per 1000/1000	GERMAGNANO (TO)	7	919		PRATO IR AR	3	15 are 17 ca	R.D.Euro:5,88 R.A. Euro: 3,92	2726
L	Proprieta' per 1000/1000	GERMAGNANO (TO)	7	980		PRATO IRRIG	3	2 are 82 ca	R.D.Euro:0,80 R.A. Euro: 0,66
L	Proprieta' per 1000/1000	GERMAGNANO (TO)	9	119		PASCOLO	2	87 are 40 ca	R.D.Euro:2,26 R.A. Euro: 1,81	2726
L	Proprieta' per 1000/1000	GERMAGNANO (TO)	9	15		PASCOLO ARB	1	3 ha 29 are 40 ca	R.D.Euro:34,02 R.A. Euro: 11,91
L	Proprieta' per 1000/1000	GERMAGNANO (TO)	9	152		PASCOLO	3	69 are 96 ca	R.D.Euro:0,72 R.A. Euro: 0,72	2726
L	Proprieta' per 1000/1000	GERMAGNANO (TO)	9	154		PASCOLO	3	42 are 46 ca	R.D.Euro:0,44 R.A. Euro: 0,44	2726
L	Proprieta' per 1000/1000	GERMAGNANO (TO)	9	20		BOSCO CEDUO	3	74 ha 71 are 44 ca	R.D.Euro:192,93 R.A. Euro: 77,17	2726
L	Proprieta' per 1000/1000	GERMAGNANO (TO)	9	22		PASCOLO	3	27 are 55 ca	R.D.Euro:0,28 R.A. Euro: 0,28	2726
L	Proprieta' per 1000/1000	GERMAGNANO (TO)	9	29		PASCOLO	1	8 are 71 ca	R.D.Euro:0,31 R.A. Euro: 0,31	2726
L	Proprieta' per 1000/1000	GERMAGNANO (TO)	9	31		PASCOLO	3	5 ha 49 are 61 ca	R.D.Euro:5,68 R.A. Euro: 5,68	2726
L	Proprieta' per 1000/1000	GERMAGNANO (TO)	9	58		FABB DIRUTO		2 are 43 ca	R.D.Euro: R.A. Euro:
L	Proprieta' per 1000/1000	GERMAGNANO (TO)	9	70		INCOLT PROD	U	2 ha 46 are 87 ca	R.D.Euro:5,10 R.A. Euro: 1,27	2726
L	Proprieta' per 1000/1000	GERMAGNANO (TO)	9	96		PASCOLO	3	6 ha 69 are 89 ca	R.D.Euro:6,92 R.A. Euro: 6,92	2726
L	Proprieta' per 1000/1000	GERMAGNANO (TO)	9	97		PASCOLO	3	3 ha 97 are 34 ca	R.D.Euro:4,10 R.A. Euro: 4,10	2726
L	Proprieta' per 1000/1000	GERMAGNANO (TO)	9	98		PASCOLO	2	3 ha 93 ca	R.D.Euro:7,77 R.A. Euro: 6,22	2726
L	Proprieta' per 1000/1000	GERMAGNANO (TO)	9	99		PASCOLO	3	6 ha 36 are 10 ca	R.D.Euro:6,57 R.A. Euro: 6,57	2726
L	Proprieta' per 1000/1000	SAN MAURO TORINESE (TO)	3	42		PRATO IRRIG	3	1 ha 3 are 66 ca	R.D.Euro:85,12 (*) R.A. Euro: 77,63	6633
L	Proprieta' per 1000/1000	SAN MAURO TORINESE (TO)	3	80		PRATO IRRIG	2	67 ca	R.D.Euro:0,69 (*) R.A. Euro: 0,55
L	Proprieta' per 1000/1000	SAN MAURO TORINESE (TO)	3	82		PRATO IRRIG	3	1 ha 10 are 86 ca	R.D.Euro:91,03 (*) R.A. Euro: 83,02
L	Proprieta' per 1000/1000	SAN MAURO TORINESE (TO)	3	84		PRATO IRRIG	2	27 ca	R.D.Euro:0,28 (*) R.A. Euro: 0,22
L	Proprieta' per 1000/1000	SAN MAURO TORINESE (TO)	3	9		PASCOLO	1	70 are 6 ca	R.D.Euro:5,43 R.A. Euro: 2,17	6633
L	Proprieta' per 1/1	DUINO-AURISINA (TS) Sez.B	2	106/2		PASCOLI	3	26 are 50 ca	R.D.Euro:2,05 R.A. Euro: 0,96
L	Proprieta' per 1/1	DUINO-AURISINA (TS) Sez.B	2	114/2		PASCOLI	3	2 ha 9 are 8 ca	R.D.Euro:16,20 R.A. Euro: 7,56	999999
L	Proprieta' per 1/1	DUINO-AURISINA (TS) Sez.B	2	114/4		PASCOLI	3	18 are 75 ca	R.D.Euro:1,45 R.A. Euro: 0,68	999999
L	Proprieta' per 1/1	DUINO-AURISINA (TS) Sez.B	2	116/1		PRATI	8	1 ha 85 are 99 ca	R.D.Euro:9,61 R.A. Euro: 4,80
L	Proprieta' per 1/1	DUINO-AURISINA (TS) Sez.B	2	116/2		PASCOLI	3	8 are 55 ca	R.D.Euro:0,66 R.A. Euro: 0,31
L	Proprieta' per 1/1	DUINO-AURISINA (TS) Sez.B	2	117		MODELLO 26			R.A. Euro: R.A. Euro:
L	Proprieta' per 1/1	DUINO-AURISINA (TS) Sez.D	3	1366/5		PRATI	7	77 are 66 ca	R.D.Euro:6,02 R.A. Euro: 2,81
L	Proprieta' per 1/1	DUINO-AURISINA (TS) Sez.B	5	106/31		PASCOLI	3	18 are 75 ca	R.D.Euro:1,45 R.A. Euro: 0,68	999999
L	Proprieta' per 1/1	DUINO-AURISINA (TS) Sez.B	5	155/2		STRADE FONDIARIO		50 are 34 ca	R.D.Euro: R.A. Euro:
L	Proprieta' per 1/1	DUINO-AURISINA (TS) Sez.D	6	1412/7		STRADE FONDIARIO		7 are 75 ca	R.D.Euro: R.A. Euro:
L	Proprieta' per 1/1	DUINO-AURISINA (TS) Sez.D	6	1417/1		MODELLO 26			R.A. Euro: R.A. Euro:
L	Proprieta' per 1/1	DUINO-AURISINA (TS) Sez.D	6	1430/1		PASCOLI	3	39 are 20 ca	R.D.Euro:3,04 R.A. Euro: 1,42	999999
L	Proprieta' per 1/1	DUINO-AURISINA (TS) Sez.D	6	1430/2		PASCOLI	3	73 are 59 ca	R.D.Euro:5,70 R.A. Euro: 2,66	999999
L	Proprieta' per 1/1	DUINO-AURISINA (TS) Sez.D	6	1430/3		PASCOLI	3	18 are 13 ca	R.D.Euro:1,40 R.A. Euro: 0,66	999999
L	Proprieta' per 1/1	CARBONERA (TV)	17	790		PRATO	2	7 are 60 ca	R.D.Euro:2,75 R.A. Euro: 1,37
L	Proprieta' per 1/1	CARBONERA (TV)	17	804		SEMIN ARBOR	3	3 are 10 ca	R.D.Euro:2,00 R.A. Euro: 1,12
L	Proprieta' per 1/1	CARBONERA (TV)	17	806		SEMIN ARBOR	3	85 ca	R.D.Euro:0,55 R.A. Euro: 0,31
L	Proprieta' per 1000/1000	SPRESIANO (TV)	24	109		PRATO	2	14 are 25 ca	R.D.Euro:5,13 (*) R.A. Euro: 2,94	3101
L	Proprieta' per 1000/1000	SPRESIANO (TV)	24	70		SEMIN ARBOR	3	64 are 33 ca	R.D.Euro:38,02 (*) R.A. Euro: 24,92	3101
L	Proprieta' per 1/2	VILLORBA (TV)	20	124		SEMIN ARBOR	3	15 are 48 ca	R.D.Euro:9,15 (*) R.A. Euro: 6,00	11966
L	Proprieta' per 1/2	VILLORBA (TV)	20	174		SEMIN ARBOR	3	26 are 77 ca	R.D.Euro:15,82 (*) R.A. Euro: 10,37	11967
L	Proprieta' per 1/2	VILLORBA (TV)	20	175		SEMIN ARBOR	2	2 are 80 ca	R.D.Euro:2,37 (*) R.A. Euro: 1,23	11965
L	Proprieta' per 1/2	VILLORBA (TV)	20	56		SEMIN ARBOR	2	10 are 71 ca	R.D.Euro:9,08 (*) R.A. Euro: 4,70	11966
L	Proprieta' per 1/2	VILLORBA (TV)	20	66		SEMIN ARBOR	1	8 are 30 ca	R.D.Euro:8,74 (*) R.A. Euro: 4,50	11967
L	Proprieta' per 1/2	VILLORBA (TV)	20	899		SEMIN ARBOR	3	1 ha 17 are 33 ca	R.D.Euro:69,34 (*) R.A. Euro: 45,45
L	Proprieta' per 1/2	VOLPAGO DEL MONTELLO (TV)	26	34		SEM IRR ARB	2	72 are 79 ca	R.D.Euro:63,91 R.A. Euro: 35,71	8140
L	Proprieta' per 1/1	TOLMEZZO (UD)	76	564		PRATO ARBOR	1	7 are 41 ca	R.D.Euro:2,49 R.A. Euro: 1,91
L	Proprieta' per 1/1	TOLMEZZO (UD)	76	565		PRATO ARBOR	1	33 ca	R.D.Euro:0,11 R.A. Euro: 0,09
L	Proprieta' per 1/1	TOLMEZZO (UD)	76	566		SEMINATIVO	1	20 ca	R.D.Euro:0,11 R.A. Euro: 0,06
L	Proprieta' per 1/1	TOLMEZZO (UD)	76	567		SEMIN ARBOR	U	55 ca	R.D.Euro:0,57 R.A. Euro: 0,23
L	Proprieta' per 1/1	TOLMEZZO (UD)	76	568		SEMIN ARBOR	U	3 are 60 ca	R.D.Euro:3,72 R.A. Euro: 1,49
L	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI)	3	1461		SEMIN ARBOR	1	13 are 52 ca	R.D.Euro:12,92 R.A. Euro: 6,98
L	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI)	3	1462		SEMIN ARBOR	1	8 ca	R.D.Euro:0,08 R.A. Euro: 0,04
L	Proprieta' per 1000/1000	ALTAVILLA VICENTINA (VI)	3	204		SEMIN ARBOR	1	13 are 76 ca	R.D.Euro:13,15 R.A. Euro: 7,11	5930
L	Proprieta' per 1000/1000	SAREGO (VI)	20	141		VIGNETO	U	39 are 12 ca	R.D.Euro:50,26 (*) R.A. Euro: 29,30	7248
L	Proprieta' per 1/1	BOVOLONE (VR)	1	63		SEMIN IRRIG	3	1 ha 40 are 45 ca	R.D.Euro:88,49 (*) R.A. Euro: 68,91
L	Proprieta' per 1/1	BOVOLONE (VR)	1	68		SEMIN IRRIG	3	87 are 72 ca	R.D.Euro:55,27 (*) R.A. Euro: 43,04
L	Proprieta' per 1/1	BOVOLONE (VR)	1	69		INCOLT PROD	2	28 are 58 ca	R.D.Euro:1,92 R.A. Euro: 0,30
L	Proprieta' per 1/1	BOVOLONE (VR)	1	71		INCOLT PROD	2	2 ha 4 are 90 ca	R.D.Euro:13,76 R.A. Euro: 2,12

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

The company is active since 2001

Balance sheets for the years 2014, 2015 and 2016 were analyzed.

Under the financial profile unstable results are noted. with a profit (r.o.e. 0,65%) in the last financial year Business volume is falling in the last financial year.

The operating result was positive in the last financial year (0,75%) and in line with the sector's average.

The amount of the operating result for the year 2016 is of Eur. 10.987.000 with a more then 100% growth.

During the latest financial year the gross operating margin amounted to Eur. 81.852.000 with a 52,28% increase as opposed to the preceding year.

The financial status of the company is fairly balanced with an indebtedness level of 2,51 yet on the increase as against the previous accounting period.

The management generated equity capital for an amount of Eur. 386.083.000 , stable in comparison with the value of the previous year.

The financial management has recorded total debts amounting to Eur. 1.009.399.000, , a more or less stable value.

Both financial indebtedness and suppliers exposure are rather high even if it still falls within the sector's average.

Liquid assets are not adequate.

Credits are collected in 75,68 days on the average. , that compared to the sector's average is shorter.

During financial year 2016 the cash flow amounted to Eur. 67.830.000

During 2016 financial year labour costs amounted to Eur. 101.132.000, with a 8,37% incidence on production costs. , with a 8,45% incidence on turnover.

The incidence of the financial charges is of -0,66% on the sales amount.

Financial Data

Complete balance-sheet for the year

al 31/12/2016

(in Eur

x 1)

Item Type	Value
Sales	1.196.799.000
Profit (Loss) for the period	2.515.000

Complete balance-sheet for the year

al 31/12/2015

(in Eur

x 1)

Item Type	Value
Sales	1.300.151.000
Profit (Loss) for the period	153.479.000

Complete balance-sheet for the year

al 31/12/2014

(in Eur

x 1)

Item Type	Value
Sales	1.350.285.000
Profit (Loss) for the period	-87.300.000

Complete balance-sheet for the year

al 31/12/2013

(in Eur

x 1)

Item Type	Value
Sales	1.710.031.000
Profit (Loss) for the period	-141.370.000

Complete balance-sheet for the year

al 31/12/2012

(in Eur

x 1)

Item Type	Value
Sales	1.860.733.000
Profit (Loss) for the period	-29.800.000

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.
. . Industrial patent rights
. . Concessions,licenses,trademarks,etc.	1.394.000	1.464.000	1.485.000
. . Goodwill	20.691.000	20.691.000	20.691.000
. . Assets in formation and advance paymen.		46.000	151.000
. . Other intangible fixed assets	1.537.000	4.964.000	4.444.000
. Total Intangible Fixed Assets	23.622.000	27.165.000	26.771.000
. TANGIBLE FIXED ASSETS
. . Real estate	177.634.000	185.497.000	204.469.000
. . Plant and machinery	329.700.000	362.739.000	401.069.000
. . Industrial and commercial equipment	185.000	306.000	385.000
. . Other assets	2.246.000	1.809.000	2.013.000
. . Assets under construction and advances	27.109.000	26.057.000	24.758.000
. Total Tangible fixed assets	536.874.000	576.408.000	632.694.000
. FINANCIAL FIXED ASSETS
. . Equity investments	404.450.000	404.409.000	406.380.000
. . . Equity invest. in subsidiary companies	398.190.000	398.191.000	400.191.000
. . . Equity invest. in associated companies	6.125.000	6.125.000	6.125.000
. . . Equity invest. in holding companies
. . . Equity invest. in other companies	135.000	93.000	64.000
. . Financial receivables	4.111.000	5.550.000	6.956.000
. . . . Within 12 months
. . . . Beyond 12 months	4.111.000	5.550.000	6.956.000
. . . Receivab due from subsidiaries	2.800.000
. . . . Within 12 months
. . . . Beyond 12 months	2.800.000
. . . Receivables due from assoc.comp.		4.655.000	6.125.000
. . . . Within 12 months
. . . . Beyond 12 months		4.655.000	6.125.000
. . . Receivables due from holding comp.
. . . . Within 12 months
. . . . Beyond 12 months
. . . Receivables due from third parties	1.311.000	895.000	831.000
. . . . Within 12 months
. . . . Beyond 12 months	1.311.000	895.000	831.000
. . Other securities			158.000
. . Own shares
. . . Total nominal value
. Total financial fixed assets	408.561.000	409.959.000	413.494.000
Total fixed assets	969.057.000	1.013.532.000	1.072.959.000
CURRENT ASSETS
. INVENTORIES
. . Raw materials and other consumables	42.518.000	52.007.000	54.585.000
. . Work in progress and semimanufactured	16.551.000	17.709.000	15.765.000
. . Work in progress on order
. . Finished goods	44.257.000	43.451.000	45.622.000
. . Advance payments
. Total Inventories	103.326.000	113.167.000	115.972.000
. CREDITS NOT HELD AS FIXED ASSETS
. . Within 12 months	343.151.000	382.072.000	340.443.000
. . Beyond 12 months		64.812.000	61.047.000
. . Trade receivables	128.526.000	166.860.000	163.556.000
. . . . Within 12 months	128.526.000	166.860.000	163.556.000
. . . . Beyond 12 months
. . Receivables due from subsid. comp.	36.889.000	91.027.000	64.867.000
. . . . Within 12 months	36.889.000	91.027.000	64.867.000
. . . . Beyond 12 months
. . Receivables due from assoc. comp.	86.194.000	76.108.000	76.591.000
. . . . Within 12 months	86.194.000	76.108.000	76.591.000
. . . . Beyond 12 months
. . Receivables due from holding comp.
. . . . Within 12 months
. . . . Beyond 12 months
. . Fiscal Receivables	1.698.000	9.636.000	5.105.000
. . . . Within 12 months	1.698.000	9.636.000	5.105.000
. . . . Beyond 12 months
. . Receivables for anticipated taxes	67.406.000	64.812.000	61.047.000
. . . . Within 12 months	67.406.000
. . . . Beyond 12 months		64.812.000	61.047.000
. . Receivables due from third parties	22.438.000	38.441.000	30.324.000
. . . . Within 12 months	22.438.000	38.441.000	30.324.000
. . . . Beyond 12 months
. Total Credits not held as fixed assets	343.151.000	446.884.000	401.490.000
. FINANCIAL ASSETS
. . Equity invest. in subsidiary comp.
. . Equity invest. in associated companies
. . Equity invest. in holding companies
. . Other equity investments	814.000	933.000	711.000
. . Own shares
. . . Total nominale value
. . Other securities	1.000	306.000	304.000
. Total Financial Assets	815.000	1.239.000	1.015.000
. LIQUID FUNDS
. . Bank and post office deposits	40.808.000	34.054.000	37.466.000
. . Checks
. . Banknotes and coins	15.000	12.000	19.000
. Total Liquid funds	40.823.000	34.066.000	37.485.000
Total current assets	488.115.000	595.356.000	555.962.000
ADJUSTMENT ACCOUNTS
. Discount on loans
. Other adjustment accounts
Total adjustments accounts
TOTAL ASSETS	1.457.172.000	1.608.888.000	1.628.921.000
LIABILITIES
STOCKHOLDERS' EQUITY
. Capital stock	20.000.000	20.000.000	205.443.000
. Additional paid-in capital			40.106.000
. Revaluation reserves
. Legal reserve	13.149.000	13.149.000	13.149.000
. Reserve for Own shares
. Statute reserves
. Other reserves	336.205.000	183.589.000
. Accumulated Profits (Losses)	14.214.000	14.214.000	54.130.000
. Profit( loss) of the year	2.515.000	153.479.000	-87.300.000
. Advances on dividends
. Partial loss of the year Coverage
Total Stockholders'Equity	386.083.000	384.431.000	225.528.000
RESERVES FOR RISKS AND CHARGES
. . Reserve for employee termination indem.
. . Taxation fund, also differed
. . Other funds	24.532.000	22.218.000	18.617.000
Total Reserves for Risks and Charges	24.532.000	22.218.000	18.617.000
Employee termination indemnities	32.860.000	33.700.000	36.737.000
ACCOUNTS PAYABLE
. . . . Within 12 months	1.009.399.000	579.673.000	607.565.000
. . . . Beyond 12 months		585.013.000	736.725.000
. . Bonds
. . . . Within 12 months
. . . . Beyond 12 months
. . Convertible bonds repayable	100.000.000	100.000.000
. . . . Within 12 months	100.000.000
. . . . Beyond 12 months		100.000.000
. . Due to shareholders for financing
. . . . Within 12 months
. . . . Beyond 12 months
. . Due to banks	563.694.000	687.447.000	952.418.000
. . . . Within 12 months	563.694.000	202.434.000	226.144.000
. . . . Beyond 12 months		485.013.000	726.274.000
. . Due to other providers of finance	397.000	1.649.000	17.626.000
. . . . Within 12 months	397.000	1.649.000	7.175.000
. . . . Beyond 12 months			10.451.000
. . Advances from customers
. . . . Within 12 months
. . . . Beyond 12 months
. . Trade payables	238.894.000	251.223.000	249.305.000
. . . . Within 12 months	238.894.000	251.223.000	249.305.000
. . . . Beyond 12 months
. . Securities issued
. . . . Within 12 months
. . . . Beyond 12 months
. . Due to subsidiary companies	607.000		1.857.000
. . . . Within 12 months	607.000		1.857.000
. . . . Beyond 12 months
. . Due to associated companies	81.220.000	102.973.000	99.724.000
. . . . Within 12 months	81.220.000	102.973.000	99.724.000
. . . . Beyond 12 months
. . Due to holding companies
. . . . Within 12 months
. . . . Beyond 12 months
. . Due to the tax authorities	6.722.000	4.334.000	5.377.000
. . . . Within 12 months	6.722.000	4.334.000	5.377.000
. . . . Beyond 12 months
. . Due to social security and welfare inst.	4.659.000	5.940.000	5.361.000
. . . . Within 12 months	4.659.000	5.940.000	5.361.000
. . . . Beyond 12 months
. . Other payables	13.206.000	11.120.000	12.622.000
. . . . Within 12 months	13.206.000	11.120.000	12.622.000
. . . . Beyond 12 months
Total accounts payable	1.009.399.000	1.164.686.000	1.344.290.000
ADJUSTMENT ACCOUNTS
. Agio on loans
. Other adjustment accounts	4.298.000	3.853.000	3.749.000
Total adjustment accounts	4.298.000	3.853.000	3.749.000
TOTAL LIABILITIES	1.457.172.000	1.608.888.000	1.628.921.000

MEMORANDUM ACCOUNTS

Third party goods

Investment accounts

Risk accounts

Civil and fiscal norms relation

PROFIT AND LOSS ACCOUNTS

VALUE OF PRODUCTION
. Revenues from sales and services	1.196.799.000	1.300.151.000	1.350.285.000
. Changes in work in progress	-9.841.000	-2.804.000	-4.226.000
. Changes in semi-manufact. products
. Capitalization of internal work	746.000	1.054.000	296.000
. Other income and revenues	31.727.000	45.706.000	57.338.000
. . Contributions for operating expenses	501.000	2.318.000	703.000
. . Different income and revenues	31.226.000	43.388.000	56.635.000
Total value of production	1.219.431.000	1.344.107.000	1.403.693.000
PRODUCTION COSTS
. Raw material,other materials and consum.	892.013.000	1.019.805.000	1.071.562.000
. Services received	136.533.000	143.897.000
. Leases and rentals	826.000	487.000	148.996.000
. Payroll and related costs	101.132.000	112.907.000	113.134.000
. . Wages and salaries	70.121.000	72.737.000	75.427.000
. . Social security contributions	24.383.000	26.080.000	25.666.000
. . Employee termination indemnities
. . Pension and similar
. . Other costs	6.628.000	14.090.000	12.041.000
. Amortization and depreciation	65.315.000	77.931.000	87.301.000
. . Amortization of intangible fixed assets	360.000	423.000	805.000
. . Amortization of tangible fixed assets	59.409.000	56.918.000	58.872.000
. . Depreciation of tangible fixed assets	168.000	8.000.000	15.829.000
. . Writedown of current receiv.and of liquid	5.378.000	12.590.000	11.795.000
. Changes in raw materials
. Provisions to risk reserves	5.550.000	3.417.000	4.040.000
. Other provisions
. Other operating costs	7.075.000	13.263.000	10.617.000
Total production costs	1.208.444.000	1.371.707.000	1.435.650.000
Diff. between value and cost of product.	10.987.000	-27.600.000	-31.957.000
FINANCIAL INCOME AND EXPENSE
. Income from equity investments	18.776.000	20.228.000	8.505.000
. . In subsidiary companies
. . In associated companies
. . In other companies
. Other financial income	2.338.000	3.594.000	108.000
. . Financ.income from receivables			1.000
. . . 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	2.338.000		107.000
. . . - Subsidiary companies
. . . - Associated companies
. . . - Holding companies
. . . - Other companies			107.000
. Interest and other financial expense	-28.972.000	-47.744.000	-36.179.000
. . Towards subsidiary companies
. . Towards associated companies
. . Towards holding companies
. . Towards other companies
Total financial income and expense	-7.858.000	-23.922.000	-27.566.000
ADJUSTMENTS TO FINANCIAL ASSETS
. Revaluations
. . Of equity investments
. . Of financ.fixed assets not repres.E.I.
. . Of securities incl.among current assets
. Devaluation		-2.000.000	-8.600.000
. . Of equity investments		-2.000.000
. . Of financial fixed assets (no equity inv)
. . Of securities included among current ass			-8.600.000
Total adjustments to financial assets		-2.000.000	-8.600.000
EXTRAORDINARY INCOME AND EXPENSE
. Extraordinary income		200.000.000
. . Gains on disposals
. . Other extraordinary income		200.000.000
. Extraordinary expense		-7.039.000
. . Losses on disposals
. . Taxes relating to prior years
. . Other extraordinary expense		-7.039.000
Total extraordinary income and expense	-9.350.000	192.961.000	-10.839.000
Results before income taxes	-6.221.000	139.439.000	-78.962.000
. Taxes on current income	-8.736.000	-14.040.000	8.338.000
. . current taxes			1.632.000
. . differed taxes(anticip.)		-14.040.000	6.706.000
. Net income for the period	2.515.000	153.479.000	-87.300.000
. Adjustments in tax regulations pursuance
. Provisions in tax regulations pursuance
. Profit (loss) of the year	2.515.000	153.479.000	-87.300.000

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	0,67	0,63	0,66	0,36
Elasticity Ratio	Units	0,33	0,37	0,34	0,51
Availability of stock	Units	0,07	0,07	0,07	0,13
Total Liquidity Ratio	Units	0,26	0,30	0,27	0,42
Quick Ratio	Units	0,03	0,02	0,02	0,01
COMPOSITION ON SOURCE
Net Short-term indebtedness	Units	2,51	1,42	2,53	1,71
Self Financing Ratio	Units	0,26	0,24	0,14	0,26
Capital protection Ratio	Units	0,94	0,55	0,48	0,90
Liabilities consolidation quotient	Units	0,03	1,07	1,27	0,25
Financing	Units	2,61	3,03	5,96	2,06
Permanent Indebtedness Ratio	Units	0,29	0,62	0,61	0,56
M/L term Debts Ratio	Units	0,02	0,38	0,47	0,11
Net Financial Indebtedness Ratio	Units	1,61	1,96	4,14	0,54
CORRELATION
Fixed assets ratio	Units	0,43	0,99	0,93	1,02
Current ratio	Units	0,48	1,03	0,92	0,99
Acid Test Ratio-Liquidity Ratio	Units	0,38	0,83	0,72	0,68
Structure's primary quotient	Units	0,40	0,38	0,21	0,57
Treasury's primary quotient	Units	0,04	0,06	0,06	0,02
Rate of indebtedness ( Leverage )	%	377,42	418,51	722,27	302,23
Current Capital ( net )	Value	-521.284.000	15.683.000	-51.603.000	285.779
RETURN
Return on Sales	%	5,67	17,80	0,00	3,60
Return on Equity - Net- ( R.O.E. )	%	0,65	39,92	-38,71	0,03
Return on Equity - Gross - ( R.O.E. )	%	-1,61	36,27	-35,01	0,75
Return on Investment ( R.O.I. )	%	0,75	-1,72	-1,96	2,13
Return/ Sales	%	0,92	-2,12	-2,37	1,97
Extra Management revenues/charges incid.	%	22,89	n.c.	n.c.	15,51
Cash Flow	Value	67.830.000	231.410.000	1.000	372.180
Operating Profit	Value	10.987.000	-27.600.000	-31.957.000	75.030
Gross Operating Margin	Value	81.852.000	53.748.000	59.384.000	984.767
MANAGEMENT
Credits to clients average term	Days	75,68	46,20	81,32	116,52
Debts to suppliers average term	Days	112,17	109,53	103,49	123,89
Average stock waiting period	Days	31,08	31,33	30,92	51,03
Rate of capital employed return ( Turnover )	Units	0,82	0,81	0,83	0,75
Rate of stock return	Units	11,58	11,49	11,64	6,84
Labour cost incidence	%	8,45	8,68	8,38	16,66
Net financial revenues/ charges incidence	%	-0,66	-1,84	-2,04	-2,66
Labour cost on purchasing expenses	%	8,37	8,23	7,88	11,24
Short-term financing charges	%	2,87	4,10	2,69	2,90
Capital on hand	%	121,76	123,75	120,64	91,13
Sales pro employee	Value	378.734	610.686	381.976	214.948
Labour cost pro employee	Value	32.004	53.032	32.004	29.393

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	:	831.356
Population living in the region	:	4.699.950
Number of families in the region	:	1.813.210

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

- per food products	:	456
- per non food products	:	2.052
- per energy consume	:	127

Statistical Detrimental Data

Statistcally the trade activity shows periods of crisis.

The area is statistically considered lowly risky.

In the region 13.782 protested subjects are found; in the province they count to 2.234.

The insolvency index for the region is 0,30, , while for the province it is 0,27.

Total Bankrupt companies in the province : 2.546.

Total Bankrupt companies in the region : 16.714.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 66.61
UK Pound	1	INR 90.60
Euro	1	INR 79.86
Euro	1	INR 79.91

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

INFORMATION DETAILS

Analysis Done by :	PRI
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.