CGZ CONDOGREENZERO S.R.L.

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A combination of essential and unique skills in the market, those of a family of builders operating both in the Italian market, in the private and public sectors with unlimited SOA (Società Organismo di Attestazione) categories, and in the international market (Libya, Iraq, Montenegro, Lebanon).

The Condogreen project is based on an industrial, efficient, and scalable approach.

THE OPINION OF THE ANALYST

The analysis of the Company that aims to raise funds is the result of the Report provided by EasyFintech S.r.l. - License art. 134 TULPS Prefecture of Milan prot. n. 14795/12B15E of 31/01/2020 - based on the calculators of the available databases such as Crif, CriBis, CeBi, Cerved, Dun & Bradstreet, InfoCamere and other financial scoring tools that combine traditional analysis (economic-financial, trend, reputational) with statistical methodologies based on Artificial Intelligence, Machine Learning, and Data Analysis.

The company is managed by Ing. Davide Pracchi, who has no negative issues.

The Parent Company CONDOGREEN S.r.l. is the historical company of the Group established in 2006 and always managed by Ing. Pracchi, with a turnover of 27 million euros, operating in the construction sector as an operator and General Contractor in real estate improvement and redevelopment services.  
CONDOGREEN Srl, the Parent Company, has already carried out a campaign on the platform in July 2021: following the regulatory changes of 110, the Company had a few days delay in the repayment, but despite the numerous difficulties encountered by operators in the sector during that period, it successfully completed and repaid the capital+interest+penalty to the investors, demonstrating seriousness and reliability; also thanks to the numbers developed over the years as a qualified operator in the reference sector.

CGZ CONDOGREENZERO S.r.l. was established with the specific purpose of managing various General Contractor activities and to manage the resulting flows.

The adopted analysis methodology involves the calculation of a synthetic risk indicator, called Easyscore Integrato by EasyFintech S.r.l., obtained through a proprietary algorithm that integrates and synthesizes three partial scores (Easyscore Expert, CeBi Score 4, and CR Score). The Easyscore Integrato by EasyFintech places the Company in an area corresponding to the judgment of "Low Solvency". The analysis was carried out on the 2022 Financial Statements as it was the available one at the time of the analysis in the available databases, and the Company has already filed the 2023 Financial Statements. Below is a summary of the analysis of the other partial scores:

• Rating Cribis D&B: evaluates the financial solvency and commercial reliability of the company through the calculation of the Cribis d&b Rating (Failure score, Delinquency score, Paydex Cribis d&b, negative events). CGZ CONDOGREENZERO S.r.l. has been assigned a Cribis Rating of "4" with a "higher than average cessation risk";

• CeBi Score 4: CeBi calculations provide the calculation of PD - Probability Default through a certified algorithm for the banking world, within the framework of scoring models and internal rating systems (so-called Internal Rating Based) used by Italian Credit Institutions. The scores evaluate the economic and financial solidity of the company, placed in its current and prospective economic system of reference. The analysis of the 2022 Financial Statements in terms of insolvency risk classifies the company in class S3, corresponding to a situation of High Solvency with a PD of 0.06%. This class includes 18.12% of companies in the RESIDENTIAL AND NON-RESIDENTIAL BUILDING CONSTRUCTION sector.

• CR Score: provides a synthetic judgment on the ways in which the credit lines granted to the company by the banking system are used, as reported within the Central Credit Register of the Bank of Italy. The Score related to the Central Credit Register of the Bank of Italy is calculated over a period of 12 months. It was not possible to calculate this value as there are no active loans and/or active credit lines at the time of calculating this parameter.

The analyses summarized in the Easyscore Integrato by EasyFintech place the company CGZ CONDOGREENZERO S.r.l. in an area of "Low Solvency".

CONCLUSIONS

The 2023 Financial Statements of CGZ CONDOGREENZERO S.r.l. show a company in strong expansion, with a significant increase in production value and good profitability. However, there are some critical elements, such as high financial charges and provisions for tax risks, which could affect future stability. The company will need to carefully manage its debt and monitor tax regulations to ensure long-term sustainability. In the financing operation, a positive element to consider is the presence of the Assignment Agreement with a leading Italian S.p.A. with strong growth numbers, already signed and contracted, and the Comfort Letter from the "Big Four". The analyses carried out on the assignee S.p.A. have shown ample economic and financial solvency margins.

CONTRACTUAL STRUCTURE

The Financing Agreement is a purpose loan: CGZ CONDOGREENZERO S.r.l. undertakes to use the funds received from Investors exactly as specified in the Project outlined in the public offer and not to divert them for other purposes.

COST STRUCTURE

The expected cost already contracted for the transfers is approximately €10.000,000 in total, which the General Contractor, the transferor, will receive from the Italian Joint Stock Company, the transferee, in the form of liquidity. The minimum target for the Ener2Crowd fundraising campaign will cover 1% of the Capex, while the maximum target will cover 3,5% of the total.

The crowdfunding campaign is a bridge loan that allows the company to advance the already contracted liquidity through a transfer agreement signed with a leading Italian Joint Stock Company in accordance with the regulations in three distinct phases.

AMORTIZATION PLAN

The amortization plan provides for the repayment of the Capital only in the last installment. There are quarterly installments with only the Interest Amount equal to €9.187,50.

The following amortization plan for CGZ Condogreenzero S.r.l. is calculated with an interest rate of 10,50% for a total of €350.000.

N.B.: The amortization plan begins from the first available date after the release terms, therefore the table provided is just a simulation containing the first available date in case the campaign is completed by its deadline. *net of any tax withholdings.

CONFLICTS OF INTEREST

The Relevant Parties, except for the Conflict of Interest Policy Manager and the Crowdfunding Service Provider, who cannot under any circumstances participate in the Crowdfunding Offerings published on the Platform, are authorized to invest in this Crowdfunding Offering on equal terms with all other Investors and without preferential treatment or privileged access to information.

For more information, please consult the policy at the following link

SDGs ACTIVATED BY THE PROJECT

By financing this project, you can contribute to support and implement the following SDGs Sustainable Development Goals:

    

Why these SDGs?

• SDG 7 there is a significant energy saving generated by energy efficiency interventions;
• SDG 9 implements resilient structures and infrastructures;
• SDG 11 improves accessible housing and local communities;
• SDG 12 responsible and efficient consumption of available resources;
• SDG 13 mitigates and combats climate change with a relative reduction in GHG emissions.

Become a protagonist of the future and sustainable development by financing this initiative!

REAL ESTATE REDEVELOPMENT

Energy efficiency in the residential sector refers to measures and interventions aimed at reducing the energy consumption of existing residential buildings, improving their efficiency in the use of energy resources. The usual interventions carried out to achieve this goal are: thermal insulation; replacement of windows and doors; upgrading heating and cooling systems; efficient lighting; use of efficient technologies and appliances; installation of renewable energy systems; smart energy management and monitoring. Energy efficiency in buildings not only reduces energy costs for owners, but also contributes to the reduction of greenhouse gas emissions and the improvement of environmental sustainability. In many countries, there are also incentives and government programs to promote energy efficiency in residential buildings. Currently, about 75% of the EU building stock is energy inefficient, which means that a large amount of energy used is wasted. Supporting the energy transition is an important step in improving the building stock and approaching the sustainable development goals by 2030.

WHAT ARE THE ENVIRONMENTAL BENEFITS GENERATED BY THE PROJECT?

It was not possible to calculate any direct environmental benefits for the operation subject to financing. Since it is a liquidity operation, different energy redevelopment and efficiency projects that have already taken place are grouped together.

Thanks to the campaign, the Company will be able to receive in advance the liquidity necessary for the closure of construction sites and the development of future redevelopment and efficiency sites; therefore, the "Environmental Points" for this campaign are equal to 1.