3decades

MIRA INFORM REPORT

Report No. :	506625
Report Date :	09.05.2018

IDENTIFICATION DETAILS

Name :	DUFERDOFIN - NUCOR S.R.L.

Registered Office :	Via A. Diaz, 248 25010 - San Zeno Naviglio (BS) -IT-

Country :	Italy

Financials (as on) :	30.09.2017

Date of Incorporation :	20.07.1996

Legal Form :	Limited liability company

Line of Business :	Iron metallurgy

No. of Employees :	From 251 to 500

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 :	Slow but Correct

Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List

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

Duferdofin - Nucor S.r.l.

Via A. Diaz, 248

25010 - San Zeno Naviglio (BS) -IT-

Summary

Fiscal Code	:	01711290062
Legal Form	:	Limited liability company
start of Activities	:	29/10/1996
Turnover Range	:	over 129.114.224
Number of Employees	:	from 251 to 500

Activity

Iron metallurgy

Legal Data

Legal Form : Limited liability company

Fiscal Code : 01711290062

Foreign Trade Reg. no. : 62981 of Brescia since 14/03/1997

Foreign Trade Reg. no. : 062981 of Brescia since 14/03/1997

Chamber of Commerce no. : 179717 of Alessandria since 21/08/1996 until 08/01/1997

Chamber of Commerce no. : 111021 of Arezzo

Chamber of Commerce no. : 368566 of Brescia since 20/11/1996

Chamber of Commerce no. : 157065 of Messina

Chamber of Commerce no. : 861306 of Torino

Chamber of Commerce no. : 114233 of Trieste

Chamber of Commerce no. : 182583 of Verbania

Firms' Register : AL-1996-108778 of Alessandria

Firms' Register : BS-1997-625 of Brescia since 08/01/1997

V.A.T. Code : 03386150175

Foundation date	: 20/07/1996
Establishment date	: 20/07/1996
Start of Activities	: 29/10/1996
Legal duration	: 31/12/2050
Nominal Capital	: 154.505.000
Subscribed Capital	: 154.505.000
Paid up Capital	: 154.505.000

Legal mail :

AS.DUFERDOFIN-NUCOR@PEC.DUFERDOFIN-NUCOR.IT

Members

$Description: \\vivek-pc\E\506625_files\Verde.gif$

Duferco Italia Holding S.p.a.

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

Residence:

Armando Diaz

, 248

- 25010

San Zeno Naviglio

(BS)

- IT -

Position	Since	Shares Amount	% Ownership
Partner

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

No Prejudicial events are reported

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

No Protests registered

$Description: \\vivek-pc\E\506625_files\Verde.gif$

Monteferrario

Franco

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

Born in San Remo

(IM)

on 31/03/1959

- Fiscal Code : MNTFNC59C31I138C

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

Residence:

Val Pusteria

, 27

- 25123

Brescia

(BS)

- IT -

Position	Since	Shares Amount	% Ownership
Director	25/01/2018
Managing Director	22/02/2018

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

No Prejudicial events are reported

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

No Protests registered

$Description: \\vivek-pc\E\506625_files\Verde.gif$

Campanella

Domenico

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

Born in Genova

(GE)

on 25/05/1951

- Fiscal Code : CMPDNC51E25D969E

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

Residence:

S. Felice

, 13/16

- 16138

Genova

(GE)

- IT -

Position	Since	Shares Amount	% Ownership
Director	25/01/2018

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

No Prejudicial events are reported

$Description: \\vivek-pc\E\506625_files\Verde.gif$

Bassano

Sergio

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

Born in Genova

(GE)

on 20/07/1960

- Fiscal Code : BSSSRG60L20D969F

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

Residence:

Privata Del Roccolo

, 37/A11

- 16011

Arenzano

(GE)

- IT -

Position	Since	Shares Amount	% Ownership
Institor	03/09/2004

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

No Prejudicial events are reported

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

No Protests registered

$Description: \\vivek-pc\E\506625_files\Verde.gif$

Gozzi

Antonio

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

Born in Chiavari

(GE)

on 15/04/1954

- Fiscal Code : GZZNTN54D15C621E

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

Residence:

Lima

, 23

- 16043

Chiavari

(GE)

- IT -

Position	Since	Shares Amount	% Ownership
Board Chairman	25/01/2018
Director	25/01/2018

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

No Prejudicial events are reported

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

No Protests registered

$Description: \\vivek-pc\E\506625_files\Verde.gif$

Cella

Sandro

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

Born in Chiavari

(GE)

on 28/06/1976

- Fiscal Code : CLLSDR76H28C621M

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

Residence:

Aurelia

, 228

- 16033

Lavagna

(GE)

- IT -

Position	Since	Shares Amount	% Ownership
Institor	27/10/2014

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

No Prejudicial events are reported

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

No Protests registered

$Description: \\vivek-pc\E\506625_files\Verde.gif$

Henderson

Jay Earl

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

Born in Pennsylvania

( )

on 25/08/1960

- Fiscal Code : HNDJRL60M25Z404A

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

Residence:

Rexford Road

, 1915

Charlotte- North Caroline

- IT -

Position	Since	Shares Amount	% Ownership
Director	25/01/2018

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

No Prejudicial events are reported

$Description: \\vivek-pc\E\506625_files\Verde.gif$

Bucciolini

Daniela

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

Born in San Giovanni Valdarno

(AR)

on 13/10/1969

- Fiscal Code : BCCDNL69R53H901J

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

Residence:

Del Campo

, 58

- 52022

Cavriglia

(AR)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	02/10/2017

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

No Prejudicial events are reported

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

No Protests registered

$Description: \\vivek-pc\E\506625_files\Verde.gif$

Campanella

Simone

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

Born in Genova

(GE)

on 18/05/1982

- Fiscal Code : CMPSMN82E18D969O

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

Residence:

Tommaso Campanella

, 50/A

- 25010

Borgosatollo

(BS)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	02/10/2017

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

No Prejudicial events are reported

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

No Protests registered

$Description: \\vivek-pc\E\506625_files\Verde.gif$

Giuliano

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

Born in Alessandria

(AL)

on 03/04/1969

- Fiscal Code : BOXGLN69D03A182J

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

Residence:

P. Nattino

, 5

- 15066

Gavi

(AL)

- IT -

Position	Since	Shares Amount	% Ownership
Institor	04/07/2012

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

No Prejudicial events are reported

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

No Protests registered

$Description: \\vivek-pc\E\506625_files\Verde.gif$

Nucor European Holding B.v.

Position	Since	Shares Amount	% Ownership
Partner

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

No Prejudicial events are reported

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

No Protests registered

$Description: \\vivek-pc\E\506625_files\Verde.gif$

Witherow

Jonathan D

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

Born in Ohio

( )

on 17/07/1972

- Fiscal Code : WTHJTH72L17Z404Q

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

Residence:

Rexford Road

, 1915

Charlotte North Caroline 28211

- IT -

Position	Since	Shares Amount	% Ownership
Director	25/01/2018
Managing Director	22/02/2018

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

No Prejudicial events are reported

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

No Protests registered

$Description: \\vivek-pc\E\506625_files\Verde.gif$

Topalian

Leon John

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

Born in Massachusetts

( )

on 14/03/1968

- Fiscal Code : TPLLJH68C14Z404X

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

Residence:

Rexford Road

, 1915

Charlotte North Caroline 28211

- IT -

Position	Since	Shares Amount	% Ownership
Director	25/01/2018

$Description: \\vivek-pc\E\506625_files\Verde.gif$

Zolezzi

Giuseppe

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

Born in Genova

(GE)

on 13/10/1977

- Fiscal Code : ZLZGPP77R13D969Q

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

Residence:

Fra Riccardo Pampuri

, 16

- 20141

Milano

(MI)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	02/10/2017

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

No Prejudicial events are reported

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

No Protests registered

$Description: \\vivek-pc\E\506625_files\Verde.gif$

Avanzi

Paolo

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

Born in Cremona

(CR)

on 07/06/1972

- Fiscal Code : VNZPLA72H07D150X

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

Residence:

Indipendenza

, 33

- 26026

Pizzighettone

(CR)

- IT -

Position	Since	Shares Amount	% Ownership
Procurator	22/01/2018

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

No Prejudicial events are reported

$Description: \\vivek-pc\E\506625_files\Vuoto.gif$

No Protests registered

Companies connected to members *

*checkings have been performed on a national scale.

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

$Description: \\vivek-pc\E\506625_files\Verde.gif$

Monteferrario

Franco

Firm's Style	Seat	Fiscal Code	Position	Position Status	Firm's Status
Duferco Ospitaletto Real Estate S.r.l.In Sigla Dore S.r.l.	Ospitaletto (BS) - IT -	00296520174	Director	Active	Registered
Duferco Commerciale Societa' Per AzioniCon Sigla Duferco Commerc Iale S.p.a.	San Zeno Naviglio (BS) - IT -	03134470107	Director	Withdrawn	Registered
Duferco Commerciale Societa' Per AzioniCon Sigla Duferco Commerc Iale S.p.a.	San Zeno Naviglio (BS) - IT -	03134470107	Managing Director	Withdrawn	Registered
Duferco Italia Holding S.p.a.	San Zeno Naviglio (BS) - IT -	06081270636	Director	Active	Registered
Duferco Italia Holding S.p.a.	San Zeno Naviglio (BS) - IT -	06081270636	Procurator	Withdrawn	Registered
Duferco Italia Holding S.p.a.	San Zeno Naviglio (BS) - IT -	06081270636	Managing Director	Active	Registered
Duferco Sviluppo S.r.l.	San Zeno Naviglio (BS) - IT -	01715820062	Director	Withdrawn	Registered
Duferco Sviluppo S.r.l.	San Zeno Naviglio (BS) - IT -	01715820062	Managing Director	Withdrawn	Registered
Acofer Prodotti Siderurgici S.r.l.	San Zeno Naviglio (BS) - IT -	01715810063	Managing Director	Active	Registered
Acofer Prodotti Siderurgici S.r.l.	San Zeno Naviglio (BS) - IT -	01715810063	Director	Active	Registered
Acofer Prodotti Siderurgici S.r.l.	San Zeno Naviglio (BS) - IT -	01715810063	Permanent Auditor	Withdrawn	Registered
Acofer Prodotti Siderurgici S.r.l.	San Zeno Naviglio (BS) - IT -	01715810063	Procurator	Withdrawn	Registered
Acciai Rivestiti Valdarno S.r.l. Con Sigla A.r.v. S.r.l.	San Giovanni Valdarno (AR) - IT -	01715830061	Director	Active	Registered
Sidervaldarno S.r.l.	San Zeno Naviglio (BS) - IT -	01620850485	Procurator	Withdrawn	Registered
Duferco Sertubi S.p.a.	Trieste (TS) - IT -	03405040175	Director	Active	Registered
Duferco Sertubi S.p.a.	Trieste (TS) - IT -	03405040175	Managing Director	Withdrawn	Registered
Duferco Engineering S.p.a.	Genova (GE) - IT -	00667470454	Director	Withdrawn	Registered
Travi E Profilati Di Pallanzeno S.r.l.	Pallanzeno (VB) - IT -	01910110038	Managing Director	Active	Registered
Travi E Profilati Di Pallanzeno S.r.l.	Pallanzeno (VB) - IT -	01910110038	Director	Active	Registered
Travi E Profilati Di Pallanzeno S.r.l.	Pallanzeno (VB) - IT -	01910110038	Procurator	Withdrawn	Registered
Ferriere Bellicini S.r.l.	Berzo Inferiore (BS) - IT -	03033780986	Director	Active	Registered
Serduna S.r.l.	Pace del Mela (ME) - IT -	02734460831	Director	Active	Registered
Di.sider. - Distribuzioni Siderurgiche -S.r.l.	Avezzano (AQ) - IT -	01642160665	Director	Withdrawn	Registered
San Zeno Acciai - Duferco S.r.l.	San Zeno Naviglio (BS) - IT -	02412590982	Director	Withdrawn	Registered
San Zeno Acciai - Duferco S.r.l.	San Zeno Naviglio (BS) - IT -	02412590982	Procurator	Withdrawn	Registered
Consorzio 3s	Pace del Mela (ME) - IT -	03393250836	Director	Active	Registered

$Description: \\vivek-pc\E\506625_files\Verde.gif$

Gozzi

Antonio

Firm's Style	Seat	Fiscal Code	Position	Position Status	Firm's Status
Duferco Ospitaletto Real Estate S.r.l.In Sigla Dore S.r.l.	Ospitaletto (BS) - IT -	00296520174	Director	Active	Registered
Duferco Ospitaletto Real Estate S.r.l.In Sigla Dore S.r.l.	Ospitaletto (BS) - IT -	00296520174	Board Chairman	Active	Registered
Premuda - Societa' Per Azioni	Genova (GE) - IT -	00103690327	Director	Withdrawn	Registered
Duferco Italia Srl	San Zeno Naviglio (BS) - IT -	02780420101	Board Chairman	Withdrawn	Registered
Duferco Commerciale Societa' Per AzioniCon Sigla Duferco Commerc Iale S.p.a.	San Zeno Naviglio (BS) - IT -	03134470107	Board Chairman	Withdrawn	Registered
RESIDENCE EDILCAVI SOCIETA' A RESPONSABILITA' LIMITATA	Chiavari (GE) - IT -	02472640107	Liquidator	Withdrawn	In liquidation
Duferco Italia Holding S.p.a.	San Zeno Naviglio (BS) - IT -	06081270636	Chairman	Withdrawn	Registered
Duferco Italia Holding S.p.a.	San Zeno Naviglio (BS) - IT -	06081270636	Director	Active	Registered
Duferco Italia Holding S.p.a.	San Zeno Naviglio (BS) - IT -	06081270636	Board Chairman	Active	Registered
Acofer Prodotti Siderurgici S.r.l.	San Zeno Naviglio (BS) - IT -	01715810063	Director	Active	Registered
Acofer Prodotti Siderurgici S.r.l.	San Zeno Naviglio (BS) - IT -	01715810063	Board Chairman	Active	Registered
Immobiliare Costruzioni Marimontane - I.C.m. - Societa' A Respon- Sabilita' Limi	Chiavari (GE) - IT -	00951230101	Permanent Auditor	Withdrawn	Registered
So.vite Societa' Per Azioni	Giussago (PV) - IT -	01057250993	Director	Withdrawn	Registered
Virtual S.r.l.	Chiavari (GE) - IT -	01062800998	Director	Withdrawn	Registered
Duferco Solar Srl	Genova (GE) - IT -	04085100370	Director	Active	Registered
Duferco Solar Srl	Genova (GE) - IT -	04085100370	Board Chairman	Active	Registered
Idroelettrica Sud - S.r.l.	Genova (GE) - IT -	01398280808	Director	Withdrawn	Registered
Idroelettrica Sud - S.r.l.	Genova (GE) - IT -	01398280808	Board Chairman	Withdrawn	Registered
The Adviser - S.r.l.	Genova (GE) - IT -	01554370807	Director	Active	Registered
The Adviser - S.r.l.	Genova (GE) - IT -	01554370807	Board Chairman	Active	Registered
Duferco Energia S.p.a.	Genova (GE) - IT -	01016870329	Director	Active	Registered
Duferco Energia S.p.a.	Genova (GE) - IT -	01016870329	Sole Director	Withdrawn	Registered
Duferco Energia S.p.a.	Genova (GE) - IT -	01016870329	Board Chairman	Active	Registered
Duferco Recycling S.p.a.	San Zeno Naviglio (BS) - IT -	03594860177	Sole Director	Withdrawn	Registered
Duferco Sviluppo S.p.a.	Genova (GE) - IT -	03594850178	Director	Withdrawn	Registered
Duferco Sviluppo S.p.a.	Genova (GE) - IT -	03594850178	Sole Director	Withdrawn	Registered
Duferco Sviluppo S.p.a.	Genova (GE) - IT -	03594850178	Board Chairman	Withdrawn	Registered
DUFERCO ADRIA S.R.L.	San Zeno Naviglio (BS) - IT -	03553500178	Sole Director	Withdrawn	Registered
La Goletta Societa' Semplice	Chiavari (GE) - IT -	90019230102	Partner	Active	Registered
Via S. Bernardo 34 Societa' Semplice	Lavagna (GE) - IT -	90001320101	Partner	Active	Registered
Cavi Sviluppo S.r.l.	Lavagna (GE) - IT -	01108110998	Director	Withdrawn	Registered
Cavi Sviluppo S.r.l.	Lavagna (GE) - IT -	01108110998	Board Chairman	Withdrawn	Registered
Travi E Profilati Di Pallanzeno S.r.l.	Pallanzeno (VB) - IT -	01910110038	Director	Active	Registered
Travi E Profilati Di Pallanzeno S.r.l.	Pallanzeno (VB) - IT -	01910110038	Board Chairman	Active	Registered
Cavi Gestioni S.r.l.	Lavagna (GE) - IT -	01806040992	Director	Withdrawn	Registered
Cavi Gestioni S.r.l.	Lavagna (GE) - IT -	01806040992	Board Chairman	Withdrawn	Registered
Elca S.r.l.	Genova (GE) - IT -	01662990991	Director	Withdrawn	Registered
Elca S.r.l.	Genova (GE) - IT -	01662990991	Board Chairman	Withdrawn	Registered
Ferriere Bellicini S.r.l.	Berzo Inferiore (BS) - IT -	03033780986	Director	Active	Registered
Investimenti Marittimi S.p.a.	Genova (GE) - IT -	01810200996	Director	Withdrawn	Registered
Investimenti Marittimi S.p.a.	Genova (GE) - IT -	01810200996	Assistant board Chairman	Withdrawn	Registered
Consorzio Tera Energia S.c.p.a. In FormaAbbreviata C.t.e. - S.c.p.a.	San Zeno Naviglio (BS) - IT -	02351120981	Director	Withdrawn	Registered
G.i.s.a. - Generale Investimenti E Scambi Associati S.r.l.	Chiavari (GE) - IT -	01591290992	Sole Director	Active	Registered
G.i.s.a. - Generale Investimenti E Scambi Associati S.r.l.	Chiavari (GE) - IT -	01591290992	Responsible technician	Active	Registered
Wyscout S.p.a.	Chiavari (GE) - IT -	01499880993	Director	Withdrawn	Registered
Pro Recco Nuoto E Pallanuoto Societa' Sportiva Dilettantistica A Responsabilita'	Recco (GE) - IT -	00993110105	Director	Active	Registered
San Zeno Acciai - Duferco S.r.l.	San Zeno Naviglio (BS) - IT -	02412590982	Chairman	Withdrawn	Registered
San Zeno Acciai - Duferco S.r.l.	San Zeno Naviglio (BS) - IT -	02412590982	Director	Withdrawn	Registered
San Zeno Acciai - Duferco S.r.l.	San Zeno Naviglio (BS) - IT -	02412590982	Board Chairman	Withdrawn	Registered
Ferrania Ecologia S.r.l.	Cairo Montenotte (SV) - IT -	01594270090	Director	Active	Registered
Ferrania Ecologia S.r.l.	Cairo Montenotte (SV) - IT -	01594270090	Managing Director	Active	Registered
Duferco Egreen S.r.l.	Genova (GE) - IT -	03008890984	Director	Withdrawn	Ceased
Energia E Territorio S.r.l.	Genova (GE) - IT -	01954420467	Director	Active	Registered
Energia E Territorio S.r.l.	Genova (GE) - IT -	01954420467	Board Chairman	Active	Registered
Duferco Solar Giammoro Srl	Pace del Mela (ME) - IT -	03042520837	Director	Active	Registered
Duferco Solar Giammoro Srl	Pace del Mela (ME) - IT -	03042520837	Board Chairman	Active	Registered
Duferco Solar Puglia Srl	Genova (GE) - IT -	07037610727	Director	Active	Registered
Duferco Solar Puglia Srl	Genova (GE) - IT -	07037610727	Board Chairman	Active	Registered
Duferco Solar Trieste Srl	Trieste (TS) - IT -	01179100324	Director	Active	Registered
Duferco Solar Trieste Srl	Trieste (TS) - IT -	01179100324	Board Chairman	Active	Registered
Metal Interconnector Societa' ConsortilePer Azioni	Milano (MI) - IT -	08837170961	Director	Active	Registered
Metal Interconnector Societa' ConsortilePer Azioni	Milano (MI) - IT -	08837170961	Board Chairman	Active	Registered
Interconnector Italia Societa' Consortile Per Azioni	Milano (MI) - IT -	09091030966	Director	Active	Registered
Interconnector Italia Societa' Consortile Per Azioni	Milano (MI) - IT -	09091030966	Board Chairman	Active	Registered
Caleotto S.p.a.	San Zeno Naviglio (BS) - IT -	03709030989	Director	Active	Registered
Arlenico S.p.a.	San Zeno Naviglio (BS) - IT -	03712280985	Director	Active	Registered
Azienda Agricola S.nicola Societa' Semplice Agricola	Chiavari (GE) - IT -	01734780990	Partner	Active	Registered
Virtus Entella Srl	Chiavari (GE) - IT -	03219400102	Managing Director	Active	Registered
Virtus Entella Srl	Chiavari (GE) - IT -	03219400102	Director	Active	Registered
Virtus Entella Srl	Chiavari (GE) - IT -	03219400102	Board Chairman	Active	Registered
Dufim Uno S.r.l.	Genova (GE) - IT -	02061830994	Director	Active	Registered
Dufim Uno S.r.l.	Genova (GE) - IT -	02061830994	Board Chairman	Active	Registered
Liguria Ecologia S.r.l.	Genova (GE) - IT -	02312520998	Managing Director	Active	Registered
Liguria Ecologia S.r.l.	Genova (GE) - IT -	02312520998	Director	Active	Registered
B Futura Srl	Milano (MI) - IT -	08660480966	Director	Withdrawn	Registered
B Futura Srl	Milano (MI) - IT -	08660480966	Assistant board Chairman	Withdrawn	Registered
Piemonte Savoia S.r.l.	Roma (RM) - IT -	13318231001	Director	Active	Registered
Piemonte Savoia S.r.l.	Roma (RM) - IT -	13318231001	Board Chairman	Active	Registered
Gmedia S.r.l. Unipersonale	Chiavari (GE) - IT -	02347940997	Sole Director	Active	Registered

$Description: \\vivek-pc\E\506625_files\Verde.gif$

Witherow

Jonathan D

Firm's Style	Seat	Fiscal Code	Position	Position Status	Firm's Status
Acofer Prodotti Siderurgici S.r.l.	San Zeno Naviglio (BS) - IT -	01715810063	Director	Active	Registered
Acofer Prodotti Siderurgici S.r.l.	San Zeno Naviglio (BS) - IT -	01715810063	Managing Director	Active	Registered
Travi E Profilati Di Pallanzeno S.r.l.	Pallanzeno (VB) - IT -	01910110038	Director	Active	Registered
Travi E Profilati Di Pallanzeno S.r.l.	Pallanzeno (VB) - IT -	01910110038	General Director	Active	Registered
Travi E Profilati Di Pallanzeno S.r.l.	Pallanzeno (VB) - IT -	01910110038	Managing Director	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
Duferco Italia Holding S.p.a.	San Zeno Naviglio - IT -	06081270636	77.252.500 .Eur	50,00
Nucor European Holding B.v.		97499640155	77.252.500 .Eur	50,00

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
Gas Intensive Soc. Consortile A Responsa bilita' Limitata	Milano - IT -	03305420964	1.000 .Eur	0,36			Active
Consorzio Tera Energia S.c.p.a. In Forma Abbreviata C.t.e. - S.c.p.a.	San Zeno Naviglio - IT -	02351120981	22.555 .Eur	11,11			Active
Serduna S.r.l.	Pace del Mela - IT -	02734460831	25.000 .Eur	50,00			Active
Enerpro S.r.l.	Genova - IT -	01328750995	284 .Eur	2,36			Active
Societa' Consortile Per Le Ricerche Ambi entali Per La Metallurgia S.r.l.	Brescia - IT -	02695550984	1.000 .Eur	3,33			Active
Consorzio Geostorage	San Zeno Naviglio - IT -	03317350985					Active
Acofer Prodotti Siderurgici S.r.l.	San Zeno Naviglio - IT -	01715810063	2.571.480 .Eur	100,00			Active
Travi E Profilati Di Pallanzeno S.r.l.	Pallanzeno - IT -	01910110038	30.000.000 .Eur	100,00			Active
Orgoglio Brescia S.c. A R.l.	Brescia - IT -	03675050987	5.000 .Eur	5,26			Active
Consorzio 3s	Pace del Mela - IT -	03393250836					Active

Firm's location and structure

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

Legal and operative seat

A. Diaz

, 248

- 25010

- San Zeno Naviglio

(BS)

- IT -

PHONE

: 03021691

Legal mail

: AS.DUFERDOFIN-NUCOR@PEC.DUFERDOFIN-NUCOR.IT

Branch

(Factory)

since 01/11/1996

Peruzzi

, 58

- 52027

- San Giovanni Valdarno

(AR)

- IT -

Branch

(Factory)

Zona Industriale

, Loc: GIAMMORO

- 98042

- Pace del Mela

(ME)

- IT -

Employees

: 307

Assistants

: 1

Fittings and Equipment for a value of 70.950.000

Eur

Stocks for a value of 64.380.000

Eur

Historical Information and/or Firm's Status

Protests

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

Data Base Prejudicial Events Search

Search performed on a National Scale

$Description: \\vivek-pc\E\506625_files\Rosso.gif$

Prejudicial Events Search Result:

Legal Mortgage on 28/10/2009. for an amount of 251.825 Euro. Event writing-off

 EQUITALIA ESATRI S. P. A.

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
SAN GIOVANNI VALDARNO (AR)	Buildings	26	07/05/2018
SAN GIOVANNI VALDARNO (AR)	Land	11	07/05/2018
PONCARALE (BS)	Land	4	07/05/2018
SAN ZENO NAVIGLIO (BS)	Buildings	6	07/05/2018
SAN ZENO NAVIGLIO (BS)	Land	8	07/05/2018
PACE DEL MELA (ME)	Buildings	28	07/05/2018
PACE DEL MELA (ME)	Land	12	07/05/2018

Buildings Details

Cadastre	Title	Location	Sheet No.	Particle No.	Sub No.	Categorie	Classe	Consistence	Cadastrial Rent	Part No.
B	Proprieta' per 1/1	SAN GIOVANNI VALDARNO (AR) VIA PERUZZI, Piano T-1	13	108	8	cat. C/4	2	662 mq	Euro:1.982,99
B	Proprieta' per 1/1	SAN GIOVANNI VALDARNO (AR) VIA PERUZZI, Piano T	13	314		cat. F/1
B	Proprieta' per 1000/1000	SAN GIOVANNI VALDARNO (AR) VIA PERUZZI, 58 Piano 1	13	427	10	cat. D/1			Euro: 1.566,04
B	Proprieta' per 1000/1000	SAN GIOVANNI VALDARNO (AR) VIA PERUZZI, 58 Piano 1	13	427	11	cat. D/1			Euro: 1.432,76
B	Proprieta' per 1000/1000	SAN GIOVANNI VALDARNO (AR) VIA PERUZZI, 58 Piano 1	13	427	12	cat. D/1			Euro: 799,68
B	Proprieta' per 1/1	SAN GIOVANNI VALDARNO (AR) VIA PERUZZI, 58 Piano S1-T - 1-2	13	427	6	cat. D/7			Euro: 93.930,00
B	Proprieta' per 1/1	SAN GIOVANNI VALDARNO (AR) VIA PERUZZI, 58 Piano T	13	427	7	cat. D/1			Euro: 148,20
B	Proprieta' per 1/1	SAN GIOVANNI VALDARNO (AR) VIA PERUZZI, 58 Piano T	13	427	8	cat. D/1			Euro: 78,00
B	Proprieta' per 1000/1000	SAN GIOVANNI VALDARNO (AR) VIA PERUZZI, 58 Piano 1	13	427	9	cat. D/1			Euro: 1.566,04
B	Proprieta' per 1/1	SAN GIOVANNI VALDARNO (AR) VIA PERUZZI, SNC Piano T	5	363		cat. F/1
B	Proprieta' per 1/1	SAN GIOVANNI VALDARNO (AR) VIA PERUZZI, 58 Piano T	5	431		cat. F/1
B	Proprieta' per 1/1	SAN GIOVANNI VALDARNO (AR) VIA PERUZZI, 58 Piano T	5	441		cat. F/1
B	Proprieta' per 1/1	SAN GIOVANNI VALDARNO (AR) VIA PERUZZI, 58 Piano T	5	442		cat. D/7			Euro: 641,20
B	Proprieta' per 1/1	SAN GIOVANNI VALDARNO (AR) VIA PERUZZI, 58 Piano T	5	443		cat. F/1
B	Proprieta' per 1/1	SAN GIOVANNI VALDARNO (AR) VIA PERUZZI, 58 Piano T	5	444		cat. F/1
B	Proprieta' per 1/1	SAN GIOVANNI VALDARNO (AR) VIA BOLZANO, SNC Piano T	5	495		cat. F/1
B	Proprieta' per 1/1	SAN GIOVANNI VALDARNO (AR) VIA BOLZANO, SNC Piano T	5	499		cat. F/1
B	Proprieta' per 1/1	SAN GIOVANNI VALDARNO (AR) VIA PERUZZI, 58 Piano T	5	512		cat. D/1			Euro: 265,00
B	Proprieta' per 1/1	SAN GIOVANNI VALDARNO (AR) VIA PERUZZI, 58 Piano 1	5	56	13	cat. D/1			Euro: 780,00
B	Proprieta' per 1/1	SAN GIOVANNI VALDARNO (AR) VIA PERUZZI, 58 Piano 1	5	56	14	cat. D/1			Euro: 202,00
B	Proprieta' per 1/1	SAN GIOVANNI VALDARNO (AR) VIA PERUZZI, 58 Piano 1	5	56	15	cat. D/1			Euro: 256,00
B	Proprieta' per 1/1	SAN GIOVANNI VALDARNO (AR) VIA PERUZZI, 58 Piano 1	5	56	16	cat. D/1			Euro: 204,00
B	Proprieta' per 1/1	SAN GIOVANNI VALDARNO (AR) VIA PERUZZI, 58 Piano 1	5	56	5	cat. F/5
B	Proprieta' per 1/1	SAN GIOVANNI VALDARNO (AR) VIA PERUZZI, 58 Piano 1	5	56	7	cat. F/5
B	Proprieta' per 1/1	SAN GIOVANNI VALDARNO (AR) VIA PERUZZI, 58 Piano 1	5	56	9	cat. F/5
B	Proprieta' per 1/1	SAN GIOVANNI VALDARNO (AR) VIA PERUZZI, Piano T	9	1027		cat. D/1			Euro: 413,17
B	Proprieta' per 1/1	SAN ZENO NAVIGLIO (BS) VIA ARMANDO DIAZ, 248 Piano T-1 - 2-3	NCT/6	148	1	cat. D/1			Euro: 27.754,39
B	Proprieta' per 1/1	SAN ZENO NAVIGLIO (BS) STRADA STATALE 45 BIS, Piano T	NCT/6	148	2	cat. D/1			Euro: 136,34	577
B	Proprieta' per 1/2	SAN ZENO NAVIGLIO (BS) VIA ARMANDO DIAZ, 248 Piano T	NCT/6	334	1	cat. D/1			Euro: 586,00
B	Proprieta' per 1/2	SAN ZENO NAVIGLIO (BS) VIA ARMANDO DIAZ, 248 Piano T-S1	NCT/6	334	2	cat. D/7			Euro: 1.318,00
B	Proprieta' per 1/1	SAN ZENO NAVIGLIO (BS) VIA ARMANDO DIAZ, 248 Piano T-1 - S1	NCT/6	335		cat. D/7			Euro: 61.176,00
B	Proprieta' per 1/1	SAN ZENO NAVIGLIO (BS) VIA ARMANDO DIAZ, 248 Piano T-1 - S1	NCT/6	336	2	cat. F/3
B	Proprieta' per 1/1	PACE DEL MELA (ME) ZONA INDUSTRIALE, SNC Piano T-1	1	50	12	cat. D/1			Euro: 836,00
B	Proprieta' per 1/1	PACE DEL MELA (ME) ZONA INDUSTRIALE, SNC Piano T	1	50	13	cat. F/3
B	Proprieta' per 1/1	PACE DEL MELA (ME) ZONA INDUSTRIALE, SNC Piano 1	1	50	19	cat. D/1			Euro: 4.640,00
B	Proprieta' per 1/1	PACE DEL MELA (ME) ZONA INDUSTRIALE, SNC Piano 1	1	50	20	cat. D/1			Euro: 13.000,00
B	Proprieta' per 1/1	PACE DEL MELA (ME) ZONA INDUSTRIALE, SNC Piano 1	1	50	21	cat. D/1			Euro: 2.590,00
B	Proprieta' per 1/1	PACE DEL MELA (ME) ZONA INDUSTRIALE, SNC Piano 1	1	50	22	cat. D/1			Euro: 2.590,00
B	Proprieta' per l'area	PACE DEL MELA (ME) ZONA INDUSTRIALE, SNC Piano 1	1	50	23	cat. D/1			Euro: 3.734,00
B	Proprieta' per l'area	PACE DEL MELA (ME) ZONA INDUSTRIALE, SNC Piano 1	1	50	24	cat. D/1			Euro: 17.330,00
B	Proprieta' per l'area	PACE DEL MELA (ME) ZONA INDUSTRIALE, SNC Piano 1	1	50	25	cat. D/1			Euro: 1.388,00
B	Proprieta' per l'area	PACE DEL MELA (ME) ZONA INDUSTRIALE, SNC Piano 1	1	50	26	cat. D/1			Euro: 1.388,00
B	Proprieta' per 1/1	PACE DEL MELA (ME) ZONA INDUSTRIALE, SNC Piano T-1	1	50	27	cat. D/7			Euro: 376.582,40
B	Proprieta' per 1/1	PACE DEL MELA (ME) ZONA INDUSTRIALE, SNC Piano T	1	50	28	cat. D/7			Euro: 40.400,00
B	Proprieta' per 1/1	PACE DEL MELA (ME) ZONA INDUSTRIALE, SNC Piano T	1	50	29	cat. D/7			Euro: 125.000,00
B	Proprieta' per 1/1	PACE DEL MELA (ME) ZONA INDUSTRIALE, SNC Piano T	1	521		cat. F/1
B	Proprieta' per 1/1	PACE DEL MELA (ME) STRADA DI PENETRAZIONE CONSORZIO A.S.I., Piano T	1	538		cat. F/1				1002011
B	Proprieta' per 1/1	PACE DEL MELA (ME) ZONA INDUSTRIALE, SNC Piano T-1 - 2	1	65		cat. A/10	U	11 vani	Euro:1.278,23
B	Proprieta' per 1/1	PACE DEL MELA (ME) ZONA INDUSTRIALE DI GIAMMORO, SNC Piano T	1	706		cat. F/1
B	Proprieta' per 1/1	PACE DEL MELA (ME) ZONA INDUSTRIALE DI GIAMMORO, SNC Piano T	1	717		cat. F/1
B	Proprieta' per 1/1	PACE DEL MELA (ME) ZONA INDUSTRIALE DI GIAMMORO, SNC Piano T	1	718		cat. F/1
B	Proprieta' per 1/1	PACE DEL MELA (ME) ZONA INDUSTRIALE, Piano T	1	760		cat. F/1
B	Proprieta' per 1/1	PACE DEL MELA (ME) ZONA INDUSTRIALE, Piano T	1	761		cat. F/1
B	Proprieta' per 1/1	PACE DEL MELA (ME) ZONA INDUSTRIALE, Piano T	1	763		cat. F/1
B	Proprieta' per 1/1	PACE DEL MELA (ME) ZONA INDUSTRIALE, Piano T	1	764		cat. F/1
B	Proprieta' per 1/1	PACE DEL MELA (ME) ZONA INDUSTRIALE, SNC Piano T	1	778		cat. F/1
B	Proprieta' per 1/1	PACE DEL MELA (ME) ZONA INDUSTRIALE, SNC Piano T	1	785	2	cat. C/2	2	52 mq	Euro:67,14
B	Proprieta' per 1/1	PACE DEL MELA (ME) ZONA INDUSTRIALE, SNC Piano T	1	785	3	cat. A/2	6	4,5 vani	Euro:211,49
B	Proprieta' per l'area	PACE DEL MELA (ME) ZONA INDUSTRIALE, SNC Piano T	1	818		cat. D/1			Euro: 110,00
B	Proprieta' per 1/1	PACE DEL MELA (ME) ZONA INDUSTRIALE, SNC Piano T	1	819		cat. D/1			Euro: 164,00

Land Details

Cadastre	Title	Location	Sheet No.	Particle No.	Sub No.	Category	Class	Consistence	Cadastrial Rent	Part No.
L	Proprieta' per 1/1	SAN GIOVANNI VALDARNO (AR)	5	359		SEMIN ARBOR	1	4 are 24 ca	R.D.Euro:4,38 R.A. Euro: 1,75
L	Proprieta' per 1/1	SAN GIOVANNI VALDARNO (AR)	5	413		SEMIN ARBOR	1	4 are 9 ca	R.D.Euro:4,20 (*) R.A. Euro: 1,69
L	Proprieta' per 1/1	SAN GIOVANNI VALDARNO (AR)	5	415		SEMIN ARBOR	1	13 are 88 ca	R.D.Euro:14,34 R.A. Euro: 5,73
L	Proprieta' per 1/1	SAN GIOVANNI VALDARNO (AR)	5	416		SEMIN ARBOR	1	49 are 43 ca	R.D.Euro:51,06 R.A. Euro: 20,42
L	Proprieta' per 1/1	SAN GIOVANNI VALDARNO (AR)	5	478		SEMIN ARBOR	1	2 are 43 ca	R.D.Euro:2,51 R.A. Euro: 1,00
L	Proprieta' per 1/1	SAN GIOVANNI VALDARNO (AR)	5	479		SEMIN ARBOR	1	32 ca	R.D.Euro:0,33 R.A. Euro: 0,13
L	Proprieta' per 1/1	SAN GIOVANNI VALDARNO (AR)	5	480		SEMIN ARBOR	1	69 ca	R.D.Euro:0,71 R.A. Euro: 0,29
L	Proprieta' per 1/1	SAN GIOVANNI VALDARNO (AR)	5	481		SEMIN ARBOR	1	16 ca	R.D.Euro:0,17 R.A. Euro: 0,07
L	Proprieta' per 1/1	SAN GIOVANNI VALDARNO (AR)	5	482		SEMIN ARBOR	1	46 ca	R.D.Euro:0,47 (*) R.A. Euro: 0,19
L	Proprieta' per 1/1	SAN GIOVANNI VALDARNO (AR)	5	483		SEMIN ARBOR	1	29 ca	R.D.Euro:0,30 (*) R.A. Euro: 0,12
L	Proprieta' per 1/1	SAN GIOVANNI VALDARNO (AR)	9	953		SEMIN ARBOR	1	1 are 10 ca	R.D.Euro:1,13 (*) R.A. Euro: 0,45	5382
L	Proprieta' per 1/1	PONCARALE (BS)	1	19		SEMIN IRRIG	1	4 ha 59 are 90 ca	R.D.Euro:368,15 (*) R.A. Euro: 451,29	667
L	Proprieta' per 1/1	PONCARALE (BS)	1	35		SEMIN IRRIG	1	2 ha 1 are 50 ca	R.D.Euro:161,30 (*) R.A. Euro: 197,73	667
L	Proprieta' per 1/1	PONCARALE (BS)	1	6		SEMIN IRRIG	1	5 ha 12 are 40 ca	R.D.Euro:410,18 (*) R.A. Euro: 502,80	667
L	Proprieta' per 1/1	PONCARALE (BS)	1	7		FU D ACCERT		7 ca	R.D.Euro: R.A. Euro:	667
L	Proprieta' per 1/1	SAN ZENO NAVIGLIO (BS)	6	269		SEMIN IRRIG	1	7 are 27 ca	R.D.Euro:6,38 (*) R.A. Euro: 7,13
L	Proprieta' per 1/1	SAN ZENO NAVIGLIO (BS)	6	271		SEMIN IRRIG	1	1 ha 2 are 65 ca	R.D.Euro:90,12 (*) R.A. Euro: 100,73
L	Proprieta' per 1/1	SAN ZENO NAVIGLIO (BS)	6	272		SEMIN IRRIG	1	12 are 55 ca	R.D.Euro:11,02 (*) R.A. Euro: 12,31
L	Proprieta' per 1/1	SAN ZENO NAVIGLIO (BS)	6	287		SEMIN IRRIG	1	25 ca	R.D.Euro:0,22 (*) R.A. Euro: 0,25
L	Proprieta' per 1/1	SAN ZENO NAVIGLIO (BS)	6	306		RELIT STRAD		1 are 20 ca	R.D.Euro: R.A. Euro:
L	Proprieta' per 1/1	SAN ZENO NAVIGLIO (BS)	6	307		RELIT STRAD		90 ca	R.D.Euro: R.A. Euro:
L	Proprieta' per 1/1	SAN ZENO NAVIGLIO (BS)	6	319		REL ACQ ES		1 are 30 ca	R.D.Euro: R.A. Euro:
L	Proprieta' per 1/1	SAN ZENO NAVIGLIO (BS)	6	361		SEMIN IRRIG	1	2 ha 30 are 53 ca	R.D.Euro:202,40 (*) R.A. Euro: 226,21
L	Proprieta' per 1/1	PACE DEL MELA (ME)	1	236		ORTO IRRIG	U	1 ha 44 are 60 ca	R.D.Euro:388,33 (*) R.A. Euro: 283,78	104774
L	Proprieta' per 1/1	PACE DEL MELA (ME)	1	400		ULIVETO	2	14 are 77 ca	R.D.Euro:7,63 R.A. Euro: 6,48	8262
L	Proprieta' per 1/1	PACE DEL MELA (ME)	1	402		ULIVETO	2	3 are 91 ca	R.D.Euro:2,02 R.A. Euro: 1,72	8262
L	Proprieta' per 1/1	PACE DEL MELA (ME)	1	403		ULIVETO	2	99 ca	R.D.Euro:0,51 R.A. Euro: 0,43	8262
L	Proprieta' per 1/1	PACE DEL MELA (ME)	1	406		VIGNETO	1	12 are 23 ca	R.D.Euro:19,90 R.A. Euro: 6,95	8262
L	Proprieta' per 1/1	PACE DEL MELA (ME)	1	409		AREA RURALE		21 ca	R.D.Euro: R.A. Euro:
L	Proprieta' per 1/1	PACE DEL MELA (ME)	1	410		AREA RURALE		8 ca	R.D.Euro: R.A. Euro:
L	Proprieta' per 1/1	PACE DEL MELA (ME)	1	520		ORTO IRRIG	U	96 are 41 ca	R.D.Euro:258,92 (*) R.A. Euro: 189,21	104774
L	Proprieta' per 1/1	PACE DEL MELA (ME)	1	524		SEMIN IRRIG	1	37 are 45 ca	R.D.Euro:53,19 R.A. Euro: 25,14
L	Proprieta' per 1/1	PACE DEL MELA (ME)	1	526		ORTO IRRIG	U	7 are 99 ca	R.D.Euro:30,95 R.A. Euro: 15,68	104774
L	Proprieta' per 1/1	PACE DEL MELA (ME)	1	709		SEMIN IRRIG	1	2 ha 17 ca	R.D.Euro:284,29 R.A. Euro: 134,39
L	Proprieta' per 1/1	PACE DEL MELA (ME)	1	714		VIGNETO ARB	2	15 are 47 ca	R.D.Euro:15,98 R.A. Euro: 3,99

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 1996

An eco-fin analysis has been made on the base od the b/s fo the years 2015, 2016 and 2017.

Last two financial years were marked by losses; in 2017 r.o.e. is -0,47%.

A loss is registered as to the operating result (-0,24%).

The operating loss amounts to Eur. -1.160.818 .

The gross operating margin of the latest financial year is of Eur. 6.600.277 growing by more then 100% if compared to the year before.

Very good financial situation: shareholder's equity covers short-terms debts with an indebtedness level equal to 0,32 which is yet rising if compared to 2016.

It's shareholders funds amount to Eur. 298.131.553 , unchanged if compared to 2016.

In the year 2017 total debts amounted to Eur. 166.416.723 showing a stable trend as opposed to 2016 (Eur. 158.779.484).

Bank exsposure is limited and the suppliers' credit is modest too, 81,31 gg. is the payment average period lined up with the sector.

Payments are supported by good current assets.

Accounts receivable average term is 60,89 days. , shorter than the sector's average.

The financial management generated a cash flow of Eur. 6.353.115.

In the last financial year labour cost was of Eur. 17.659.913, with a 8,9% incidence on total costs of production. and a 9,48% incidence on sales volumes.

Limited financial charges in relation to sales volume.

Financial Data

$Description: \\vivek-pc\E\506625_files\Verde.gif$

Complete balance-sheet for the year

al 30/09/2017

(in Eur

x 1)

Item Type	Value
Sales	186.201.655
Profit (Loss) for the period	-1.407.980

$Description: \\vivek-pc\E\506625_files\Verde.gif$

Complete balance-sheet for the year

al 30/09/2016

(in Eur

x 1)

Item Type	Value
Sales	151.941.154
Profit (Loss) for the period	-10.453.643

$Description: \\vivek-pc\E\506625_files\Verde.gif$

Complete balance-sheet for the year

al 30/09/2015

(in Eur

x 1)

Item Type	Value
Sales	167.488.759
Profit (Loss) for the period	-15.914.395

$Description: \\vivek-pc\E\506625_files\Verde.gif$

Complete balance-sheet for the year

al 30/09/2014

(in Eur

x 1)

Item Type	Value
Sales	164.086.361
Profit (Loss) for the period	-16.649.812

$Description: \\vivek-pc\E\506625_files\Verde.gif$

Complete balance-sheet for the year

al 30/09/2013

(in Eur

x 1)

Item Type	Value
Sales	142.528.514
Profit (Loss) for the period	-15.801.109

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 30/09/2017 - 12 Mesi - Currency: - Amounts x 1

- Balance Sheet as at 30/09/2016 - 12 Mesi - Currency: - Amounts x 1

- Balance Sheet as at 30/09/2015 - 12 Mesi - Currency: - Amounts x 1

Years

2017

2016

2015

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	10.124	30.509
. . Research,develop. and advert.expens.	1.600	2.400	54.095
. . Industrial patent rights	225.881	194.510	151.745
. . Concessions,licenses,trademarks,etc.
. . Goodwill
. . Assets in formation and advance paymen.	3.300		253.000
. . Other intangible fixed assets	167.348	223.340	17.536
. Total Intangible Fixed Assets	408.253	450.759	476.376
. TANGIBLE FIXED ASSETS
. . Real estate	56.541.818	57.412.698	58.242.259
. . Plant and machinery	70.267.050	70.753.692	72.230.412
. . Industrial and commercial equipment	686.625	723.653	637.292
. . Other assets	529.331	465.005	486.154
. . Assets under construction and advances	3.734.532	3.531.571	3.908.915
. Total Tangible fixed assets	131.759.356	132.886.619	135.505.032
. FINANCIAL FIXED ASSETS
. . Equity investments	156.138.001	128.138.001	128.135.527
. . . Equity invest. in subsidiary companies	156.079.997	128.079.997	128.079.997
. . . Equity invest. in associated companies	25.000	25.000	25.000
. . . Equity invest. in holding companies
. . . Equity invest. in other companies	33.004	33.004	30.530
. . Financial receivables	35.080.895	58.091.403	45.400.942
. . . . Within 12 months	80.895	91.403	190.942
. . . . Beyond 12 months	35.000.000	58.000.000	45.210.000
. . . Receivab due from subsidiaries	35.000.000	58.000.000	45.210.000
. . . . Within 12 months
. . . . Beyond 12 months	35.000.000	58.000.000	45.210.000
. . . Receivables due from assoc.comp.			87.245
. . . . Within 12 months			87.245
. . . . Beyond 12 months
. . . Receivables due from holding comp.
. . . . Within 12 months
. . . . Beyond 12 months
. . . Receivables due from third parties	80.895	91.403	103.697
. . . . Within 12 months	80.895	91.403	103.697
. . . . Beyond 12 months
. . Other securities
. . Own shares
. . . Total nominal value
. Total financial fixed assets	191.218.896	186.229.404	173.536.469
Total fixed assets	323.386.505	319.566.782	309.517.877
CURRENT ASSETS
. INVENTORIES
. . Raw materials and other consumables	39.399.791	34.458.738	38.046.881
. . Work in progress and semimanufactured	1.111.010	921.298	1.157.752
. . Work in progress on order
. . Finished goods	23.866.875	23.310.117	20.401.107
. . Advance payments
. Total Inventories	64.377.676	58.690.153	59.605.740
. CREDITS NOT HELD AS FIXED ASSETS
. . Within 12 months	85.236.618	89.909.363	100.817.873
. . Beyond 12 months	3.423.912	2.763.241
. . Trade receivables	31.495.936	36.806.698	34.445.916
. . . . Within 12 months	28.916.662	34.043.457	34.445.916
. . . . Beyond 12 months	2.579.274	2.763.241
. . Receivables due from subsid. comp.	4.415.385	4.147.642	11.333.716
. . . . Within 12 months	4.415.385	4.147.642	11.333.716
. . . . Beyond 12 months
. . Receivables due from assoc. comp.	39.075	4.500	20.101
. . . . Within 12 months	39.075	4.500	20.101
. . . . Beyond 12 months
. . Receivables due from holding comp.
. . . . Within 12 months
. . . . Beyond 12 months
. . Fiscal Receivables	1.603.535	538.811	1.522.971
. . . . Within 12 months	758.897	538.811	1.522.971
. . . . Beyond 12 months	844.638
. . Receivables for anticipated taxes	50.417.798	50.165.830	52.358.823
. . . . Within 12 months	50.417.798	50.165.830	52.358.823
. . . . Beyond 12 months
. . Receivables due from third parties	688.801	1.009.123	1.136.346
. . . . Within 12 months	688.801	1.009.123	1.136.346
. . . . Beyond 12 months
. Total Credits not held as fixed assets	88.660.530	92.672.604	100.817.873
. FINANCIAL ASSETS
. . Equity invest. in subsidiary comp.
. . Equity invest. in associated companies
. . Equity invest. in holding companies
. . Other equity investments
. . Own shares
. . . Total nominale value
. . Other securities
. Total Financial Assets		16.785
. LIQUID FUNDS
. . Bank and post office deposits	672.488	204.803	137.857
. . Checks
. . Banknotes and coins	4.391	8.636	13.858
. Total Liquid funds	676.879	213.439	151.715
Total current assets	153.715.085	151.592.981	160.575.328
ADJUSTMENT ACCOUNTS
. Discount on loans			196.495
. Other adjustment accounts	125.274	177.045
Total adjustments accounts	125.274	177.045	196.495
TOTAL ASSETS	477.226.864	471.336.808	470.289.700

LIABILITIES
STOCKHOLDERS' EQUITY
. Capital stock	154.505.000	154.505.000	154.505.000
. Additional paid-in capital
. Revaluation reserves
. Legal reserve	1.377.596	1.377.596	1.377.596
. Reserve for Own shares
. Statute reserves
. Other reserves	143.656.937	154.113.480	70.024.973
. Accumulated Profits (Losses)
. Profit( loss) of the year	-1.407.980	-10.453.643	-15.914.395
. Advances on dividends
. Partial loss of the year Coverage
Total Stockholders'Equity	298.131.553	299.542.433	209.993.174
RESERVES FOR RISKS AND CHARGES
. . Reserve for employee termination indem.
. . Taxation fund, also differed	7.601.694	7.815.035	8.968.017
. . Other funds	118.471	131.254	118.471
Total Reserves for Risks and Charges	7.720.165	7.946.289	9.086.488
Employee termination indemnities	1.773.346	1.681.761	1.738.615
ACCOUNTS PAYABLE
. . . . Within 12 months	95.887.923	78.146.422	245.190.634
. . . . Beyond 12 months	70.528.800	80.633.062
. . Bonds
. . . . Within 12 months
. . . . Beyond 12 months
. . Convertible bonds repayable
. . . . Within 12 months
. . . . Beyond 12 months
. . Due to shareholders for financing	70.000.000	70.000.000	70.000.000
. . . . Within 12 months			70.000.000
. . . . Beyond 12 months	70.000.000	70.000.000
. . Due to banks	38.896.659	39.225.750	114.520.652
. . . . Within 12 months	38.896.659	29.225.750	114.520.652
. . . . Beyond 12 months		10.000.000
. . Due to other providers of finance	11.855.655	4.212.708	8.728.731
. . . . Within 12 months	11.326.855	3.579.646	8.728.731
. . . . Beyond 12 months	528.800	633.062
. . Advances from customers
. . . . Within 12 months
. . . . Beyond 12 months
. . Trade payables	30.971.020	28.142.237	30.324.561
. . . . Within 12 months	30.971.020	28.142.237	30.324.561
. . . . Beyond 12 months
. . Securities issued
. . . . Within 12 months
. . . . Beyond 12 months
. . Due to subsidiary companies	8.783.538	12.278.793	17.360.367
. . . . Within 12 months	8.783.538	12.278.793	17.360.367
. . . . Beyond 12 months
. . Due to associated companies	202.490	206.987	104.142
. . . . Within 12 months	202.490	206.987	104.142
. . . . Beyond 12 months
. . Due to holding companies
. . . . Within 12 months
. . . . Beyond 12 months
. . Due to the tax authorities	1.343.072	733.603	614.179
. . . . Within 12 months	1.343.072	733.603	614.179
. . . . Beyond 12 months
. . Due to social security and welfare inst.	1.372.606	1.038.805	1.004.445
. . . . Within 12 months	1.372.606	1.038.805	1.004.445
. . . . Beyond 12 months
. . Other payables	2.991.683	2.940.601	2.533.557
. . . . Within 12 months	2.991.683	2.940.601	2.533.557
. . . . Beyond 12 months
Total accounts payable	166.416.723	158.779.484	245.190.634
ADJUSTMENT ACCOUNTS
. Agio on loans
. Other adjustment accounts	3.185.077	3.386.841	4.010.789
Total adjustment accounts	3.185.077	3.386.841	4.010.789
TOTAL LIABILITIES	477.226.864	471.336.808	470.019.700

MEMORANDUM ACCOUNTS

Third party goods
Investment accounts			2.967.251
Risk accounts			17.474.980
Civil and fiscal norms relation

PROFIT AND LOSS ACCOUNTS

VALUE OF PRODUCTION
. Revenues from sales and services	186.201.655	151.941.154	167.488.759
. Changes in work in progress	746.470	2.672.556	-5.851.138
. Changes in semi-manufact. products
. Capitalization of internal work	2.069.247	1.641.238	1.581.575
. Other income and revenues	8.330.805	7.546.081	7.668.101
. . Contributions for operating expenses	5.113	5.455	5.490
. . Different income and revenues	8.325.692	7.540.626	7.662.611
Total value of production	197.348.177	163.801.029	170.887.297
PRODUCTION COSTS
. Raw material,other materials and consum.	134.603.238	104.481.265	130.653.461
. Services received	41.772.001	36.515.888
. Leases and rentals	539.678	498.681	34.330.656
. Payroll and related costs	17.659.913	16.654.491	13.872.599
. . Wages and salaries	12.543.683	11.862.595	9.836.932
. . Social security contributions	4.351.714	4.102.142	3.413.507
. . Employee termination indemnities	734.623	689.754	622.160
. . Pension and similar
. . Other costs	29.893
. Amortization and depreciation	7.761.095	7.745.876	8.635.740
. . Amortization of intangible fixed assets	171.361	154.192	105.971
. . Amortization of tangible fixed assets	7.589.734	7.416.684	7.984.769
. . Depreciation of tangible fixed assets			345.000
. . Writedown of current receiv.and of liquid		175.000	200.000
. Changes in raw materials	-4.941.053	3.588.142	-373.779
. Provisions to risk reserves
. Other provisions
. Other operating costs	1.114.123	1.196.797	1.122.181
Total production costs	198.508.995	170.681.140	188.240.858
Diff. between value and cost of product.	-1.160.818	-6.880.111	-17.353.561
FINANCIAL INCOME AND EXPENSE
. Income from equity investments		1.202
. . In subsidiary companies
. . In associated companies
. . In other companies		1.202
. Other financial income	51.114	57.160	137.334
. . Financ.income from receivables
. . . Towards subsidiary companies
. . . Towards associated companies
. . . Towards holding companies
. . . Towards other companies
. . Financ.income from secur. t.f.assets
. . Financ.income from secur. cur.assets
. . Financ.income other than the above	51.114	57.160	137.334
. . . - Subsidiary companies	3.603	36.354
. . . - Associated companies
. . . - Holding companies
. . . - Other companies	47.511	20.806
. Interest and other financial expense	-1.827.122	-2.505.739	-6.186.475
. . Towards subsidiary companies
. . Towards associated companies
. . Towards holding companies
. . Towards other companies			-6.186.475
Total financial income and expense	-1.776.008	-2.447.377	-6.049.141
ADJUSTMENTS TO FINANCIAL ASSETS
. Revaluations
. . Of equity investments
. . Of financ.fixed assets not repres.E.I.
. . Of securities incl.among current assets
. Devaluation		-87.245
. . Of equity investments		-87.245
. . Of financial fixed assets (no equity inv)
. . Of securities included among current ass
Total adjustments to financial assets		-87.245
EXTRAORDINARY INCOME AND EXPENSE
. Extraordinary income			967.678
. . Gains on disposals
. . Other extraordinary income			967.678
. Extraordinary expense			-372.205
. . Losses on disposals
. . Taxes relating to prior years			-6.449
. . Other extraordinary expense			-365.756
Total extraordinary income and expense			595.473
Results before income taxes	-2.936.826	-9.414.733	-22.807.229
. Taxes on current income	-1.528.846	1.038.910	-6.892.834
. . current taxes	-1.064.638
. . differed taxes(anticip.)
. Net income for the period	-1.407.980	-10.453.643	-15.914.395
. Adjustments in tax regulations pursuance
. Provisions in tax regulations pursuance
. Profit (loss) of the year	-1.407.980	-10.453.643	-15.914.395

RATIOS

RATIOS	Value Type	as at 30/09/2017	as at 30/09/2016	as at 30/09/2015	Sector Average
COMPOSITION ON INVESTMENT
Rigidity Ratio	Units	0,68	0,68	0,66	0,30
Elasticity Ratio	Units	0,32	0,32	0,34	0,68
Availability of stock	Units	0,13	0,12	0,13	0,21
Total Liquidity Ratio	Units	0,19	0,20	0,21	0,42
Quick Ratio	Units	0,00	0,00	0,00	0,01
COMPOSITION ON SOURCE
Net Short-term indebtedness	Units	0,32	0,26	1,17	2,31
Self Financing Ratio	Units	0,62	0,64	0,45	0,21
Capital protection Ratio	Units	0,49	0,52	0,34	0,61
Liabilities consolidation quotient	Units	0,75	1,05	0,01	0,17
Financing	Units	0,56	0,53	1,17	3,62
Permanent Indebtedness Ratio	Units	0,78	0,81	0,45	0,36
M/L term Debts Ratio	Units	0,15	0,17	0,00	0,10
Net Financial Indebtedness Ratio	Units	0,40	0,38	0,92	1,42
CORRELATION
Fixed assets ratio	Units	1,15	1,19	0,68	1,11
Current ratio	Units	1,60	1,94	0,65	1,10
Acid Test Ratio-Liquidity Ratio	Units	0,93	1,19	0,41	0,72
Structure's primary quotient	Units	0,92	0,94	0,68	0,81
Treasury's primary quotient	Units	0,01	0,00	0,00	0,02
Rate of indebtedness ( Leverage )	%	160,07	157,35	223,95	468,75
Current Capital ( net )	Value	57.827.162	73.446.559	-84.615.306	525.922
RETURN
Return on Sales	%	3,41	-1,78	-4,35	2,32
Return on Equity - Net- ( R.O.E. )	%	-0,47	-3,49	-7,58	3,79
Return on Equity - Gross - ( R.O.E. )	%	-0,99	-3,14	-10,86	10,56
Return on Investment ( R.O.I. )	%	-0,24	-1,46	-3,69	3,84
Return/ Sales	%	-0,62	-4,53	-10,36	3,06
Extra Management revenues/charges incid.	%	n.c.	n.c.	n.c.	32,18
Cash Flow	Value	6.353.115	-2.707.767	-7.278.655	1.200.022
Operating Profit	Value	-1.160.818	-6.880.111	-17.353.561	1.374.962
Gross Operating Margin	Value	6.600.277	865.765	-8.717.821	2.131.798
MANAGEMENT
Credits to clients average term	Days	60,89	87,21	74,04	85,05
Debts to suppliers average term	Days	81,31	103,37	104,28	89,46
Average stock waiting period	Days	124,47	139,06	128,12	47,61
Rate of capital employed return ( Turnover )	Units	0,39	0,32	0,36	1,45
Rate of stock return	Units	2,89	2,59	2,81	7,34
Labour cost incidence	%	9,48	10,96	8,28	5,48
Net financial revenues/ charges incidence	%	-0,95	-1,61	-3,61	-1,06
Labour cost on purchasing expenses	%	8,90	9,76	7,37	5,52
Short-term financing charges	%	1,10	1,58	2,52	2,49
Capital on hand	%	256,30	310,21	280,79	68,88
Sales pro employee	Value	337.934	292.194	386.810	796.124
Labour cost pro employee	Value	32.050	32.027	32.038	44.281

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	:	$Description: \\vivek-pc\E\506625_files\Spazio.gif$ 1.169.259
Population living in the region	:	$Description: \\vivek-pc\E\506625_files\Spazio.gif$ 9.393.092
Number of families in the region	:	$Description: \\vivek-pc\E\506625_files\Spazio.gif$ 3.858.736

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

- per food products	:	$Description: \\vivek-pc\E\506625_files\Spazio.gif$ 460
- per non food products	:	$Description: \\vivek-pc\E\506625_files\Spazio.gif$ 2.090
- per energy consume	:	$Description: \\vivek-pc\E\506625_files\Spazio.gif$ 114

Sector Data

The values are calculated on a base of 377 significant companies.

The companies cash their credits on an average of 85 dd.

The average duration of suppliers debts is about 89 dd.

The sector's profitability is on an average of 2,32%.

The labour cost affects the turnover in the measure of 5,48%.

Goods are held in stock in a range of 48 dd.

The difference between the sales volume and the resources used to realize it is about 1,45.

The employees costs represent the 5,52% of the production costs.

Statistical Detrimental Data

Statistcally the trade activity shows periods of crisis.

The area is statistically considered moderately risky.

In the region 50.886 protested subjects are found; in the province they count to 5.551.

The insolvency index for the region is 0,55, , while for the province it is 0,48.

Total Bankrupt companies in the province : 3.452.

Total Bankrupt companies in the region : 39.612.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 67.08
UK Pound	1	INR 91.14
Euro	1	INR 80.01
Euro	1	INR 79.91

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

INFORMATION DETAILS

Analysis Done by :	PRA

Report Prepared by :	TRU

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.

MIRA INFORM REPORT

Company name and address

Summary

Activity

Legal Data

Members

Companies connected to members *

Capital Shareholders

Direct Participations

Firm's location and structure

Protests

Data Base Prejudicial Events Search

Legal Procedures

National Real Estates Survey

Financial and Economical Analysis

Financial Data

Balance Sheets

MEMORANDUM ACCOUNTS

PROFIT AND LOSS ACCOUNTS

RATIOS

Remarks

Market / Territory Data

Sector Data

Statistical Detrimental Data

Unit