ACQUA AZZURRA S.R.L.

Acqua Azzurra S.r.l. was established in 1988 and started operating in 1991.

After careful study of the Italian coasts, the choice to build the fish farming plant in Pachino, in the province of Syracuse, was motivated by the quality of the crystal-clear waters and the rich plankton-rich seabed, far away from industrial sites and in that stretch of sea where the currents of the Sicilian Channel and the Ionian Sea meet.

The fish farming plant is located near the island of Correnti and close to the island of Capopassero, known for its tuna fishery and numerous protected areas. The choice of the site guarantees the breeding of fish in optimal conditions, for health and quality compared to the habitat of the Tyrrhenian Sea and the Adriatic Sea.

Environmental sustainability is closely linked to Acqua Azzurra's business success. An organizational challenge that the company has always faced, with the same commitment to the safeguarding of the integrity and hygiene of its product, paying particular attention to the use and research of highly bio-degradable materials and the exploitation of renewable energy sources.

THE SUPPLY CHAIN OF ACQUA AZZURRA S.R.L.

THE ANALYST'S ADVICE

Company established on October 21, 1988, since September 1992 it has been engaged in aquaculture activities consisting of breeding, production, processing (including industrial), preservation, and commercialization of fishery products in general. The operational headquarters of the company is located in Pachino (SR), Contrada Vulpiglia snc; since December 2020, the registered office, previously located in the Province of Frosinone, has also been transferred here. ACQUA AZZURRA SRL is registered in the special section of the Register of Companies of Southeast Sicily as an AGRICULTURAL ENTERPRISE.

The company's administrator is Alessandro Puglisi Cosentino, with no previous negative records.

The adopted analysis methodology involves calculating a synthetic risk indicator called Easyscore Integrato, obtained through a proprietary algorithm that integrates and synthesizes three partial scores (Easyscore Expert, CeBi Score 4, and CR Score). The Easyscore Integrato places the company - on a scale from 1 to 10, where 1 corresponds to the highest security and 10 to the highest risk - in risk class 4, with a score of 63/100 corresponding to the judgment "Solvibilità" (Solvency).

• Easyscore Expert: 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). Acqua Azzurra S.r.l. has been assigned a Cribis Rating equal to "2" with a cessation risk "Below average".

• CeBi Score 4: CeBi calculations provide the calculation of PD – Probability Default through a certified algorithm for the banking world, within the scope of scoring models and internal rating systems (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 reference system. The analysis of the balance sheet as of December 31, 2022, in terms of insolvency risk, classifies the company in class V, corresponding to a Vulnerability situation with a PD of 2.10%. This class includes 20.69% of companies belonging to the AQUACULTURE sector.

• CR Score: provides a synthetic judgment on the use of credit lines granted by the banking system, reported within the Central Credit Register of the Bank of Italy. This value is reserved as it is not a public data, and it was not possible to calculate it as the company does not have active financing with financial institutions.

The preceding analyses, summarized in the Easyscore Integrato, place Acqua Azzurra S.r.l. in a "Solvibilità" area with a score of 63/100.

CONCLUSIONS

From the last analysis carried out last year, it was possible to identify an improvement in all the scores considered. In the previous campaign, the company presented vulnerabilities following the calamitous event recorded in 2019, which had put the company in a difficult and burdensome economic and financial situation - as reported in the analysis conducted for the previous operation presented by the company on the Platform.
With 2022, the situation improves in all aspects and sections analyzed, with the developed figures derived from the new Balance Sheet, combined with an absence of debt towards financial institutions and the conclusion of the bullet campaign for Ener2Crowd crowd investors, it was possible to obtain a significantly improved Enerscore, which allowed for a considerable jump, positioning Acqua Azzurra S.r.l. from class "B" to class "A".

CONTRACT STRUCTURE

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

COST STRUCTURE

The estimated cost for the construction of the 496 kWp photovoltaic system at Acqua Azzurra headquarters is approximately €740,000. The minimum target for the Ener2Crowd crowdfunding campaign will cover 30% of the Capex, while the maximum target will cover 40% of the total.

The crowdfunding campaign is a bridge loan that will help the company cover the initial costs and continue with the construction work; the remaining portion of the Capex will be financed through equity ownership.

FINANCING PLAN

The amortization plan provides for the repayment of Capital and Interest at each installment. There are quarterly installments amounting to €28.259,10.

The following amortization plan for Acqua Azzurra S.r.l. is calculated with an interest rate of 7,75% for a total of €300.000.

*before any tax withholdings.

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 accessible electricity production from renewable sources;
• SDG 9 implementation of resilient infrastructure;
• SDG 11 improvement of energy efficiency and strengthening of communities;
• SDG 12 responsible and efficient consumption of available resources;
• SDG 13 combating and mitigating climate change with a related reduction in GHG emissions.

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

AGRIVOLTAIC

Agrivoltaics is the integration of photovoltaic systems with agricultural activities, allowing the cultivation of plants or the raising of animals under solar panels. Its benefits include the production of renewable energy, the optimization of agricultural space, the reduction of water evaporation, the protection of crops from weather conditions, and in some cases, the diversification of income sources for farmers who lease the land. In order to achieve the European targets set for 2030 in the solar sector, it will be necessary to install 52 GW of systems in Italy, +27 GW compared to the installed capacity in 2022 (25 GW) (1). Agrivoltaics is one of the best technologies in the field of photovoltaics, offering various benefits, not exclusively related to energy. Supporting this type of innovation is essential to achieve sustainable development goals and bring numerous benefits.

WHAT ARE THE AMBIENTAL BENEFITS FROM THE PROJECT?

It is estimated that the photovoltaic system will have a total annual production of 753.441 kWh per year, which is equivalent to:

                  

Saving 323.980 kg of CO2 in the atmosphere every year

                  

Planting 32.398 trees, enough to cover an area of 165 soccer fields

                  

Avoiding the emissions of exhaust gases from 227 cars every year

These are the effects and benefits that can also be generated thanks to your contribution!