Via Livio, 14 – Building Grassi
6830 Chiasso Switzerland

Statement of Solvency

Statement of solvency of industrial, real estate, commercial and construction investments made by our customers.

The CSC COMPAGNIA SVIZZERA CAUZIONI SA releases declarations intended at assessing the economic reasonableness, financial sustainability and profitability of new commercial, industrial, real estate and construction projects, as well as the technical capacity and solvency, limited to these operations, of the promoting companies.

Considering that the activity carried out by us also includes commercial, industrial, real estate and construction consultancy for new entrepreneurial investments, studies, researches and analysis on economic, statistical, commercial, industrial, real estate and construction matters, drafting of industrial plans, quantitative and qualitative control of production and relative industrial costs, using methods of our own as well as third parties’. Commercial information and evaluation of solvency for investments that may take place in the industrial, commercial, construction and real estate sectors. Evaluating rationality for new industrial, commercial, and construction projects. Consultancy for structure, industrial and commercial strategy. Assisting operations of relocation of production, both throughout the entire process or in certain phases of it. Granting statements to pursue the economic, financially sustainable, and profitable rationality of the industrial, real-estate and/or commercial investment. Evaluate the technical capacity and solvency of the enterprise promoting the investment.

The release of the declaration of solvency of the entrepreneurial investment which is to be made or has been made is consequent to the performance of commercial, industrial, real estate and construction consultancy activities relating to the new entrepreneurial investment made or to be made both in Switzerland and abroad without the exception of any foreign country. Studies, research and analysis on economic, statistical, commercial, industrial, real estate and construction matters, drafting of industrial plans, quantitative and qualitative control of production and the relative industrial costs, using methods of our own as well as third parties’. Market research for commercial and marketing strategies. Commercial information and evaluation of solvency for investments that may take place in the industrial, commercial, construction and real estate sectors. Evaluating rationality for new industrial, commercial, and construction projects. Management and data processing of computer services, in the economic and statistic sectors. Coordination of seminars. Encounters. Plans and courses for studies. Formation and employee training. Consultancy for structure, industrial and commercial strategy, studying, research and supply of technologies for the turnkey construction of industrial factories, establishments and productive units. Predispositions of studies of feasibility. Determination of financial requirements as well as facilitated coverage. Analysis of financial returns. Analysis of assets, patents, and trade-marks. Sourcing. Consolidation. Transferring the corporate “know-how”.

CSC COMPAGNIA SVIZZERA CAUZIONI S.A., in order to carry out its activities, avails itself on site of professionals and companies of proven seriousness, competence and effectiveness.

The final assessment prepared by us on the reasonableness, sustainability and profitability of the entrepreneurial investment of industrial, commercial, real estate, or construction nature that the customer has already made or intends to make, following the in-depth investigation carried out at our headquarters on the documentation received directly and/or indirectly through professionals and the inspections carried out at the customer's premises or its trusted professionals by our appointees to note facts, places, circumstances and events, also taking into account any further economic and/or technical and/or financial contributions by third parties, will be formalised by a written document called a declaration of solvency bearing our opinion on the reasonableness, sustainability and profitability of the investment, places, circumstances and events, also taking into account any further economic and/or technical and/or financial contributions from third parties, will be formalised by us in a written document called a declaration of solvency bearing our opinion on the reasonableness, sustainability, profitability of the industrial, commercial, real estate, construction investment in question.

The evaluation will not be of confidential nature, and the customer will be able to send a copy to third parties.

Finally, it should be noted that the statement in question is not to be considered either as an assessment of the overall solvency of the client or as an attribution of a rating (the last activity to be carried out exclusively by qualified bodies).

“This document is a simple translation into English of the original document in Italian, the official language of Cantone Ticino, which can be found on the website www.csc-lugano.ch. Therefore, in the event of inaccuracies, errors, imprecisions, or difficulties in interpreting this document, the original document in Italian shall prevail; this also applies if there is a contrast between what is reported in this document and what is reported in the original document in Italian. - Il presente documento è la traduzione semplice in lingua inglese del documento originario in lingua italiana, lingua ufficiale del Cantone Ticino, presente sul sito www.csc-lugano.ch; pertanto in caso di inesattezze, errori, imprecisioni, difficoltà interpretative del presente documento, prevale il documento originario in lingua Italiana; questo anche nel caso in cui vi fosse un contrasto fra quanto riportato nel presente documento e quanto riportato sul documento originario in lingua Italiana.”