In recent months, the global socio-economic context has led to a significant increase in inflation, which is the prolonged increase in the average level of prices for goods and services. For this reason, the ECB predicts an increase in mortgage and financing rates with the aim of preserving consumers' purchasing power.
FLOATING INTEREST RATE
The interest rate is calculated as follows:
Period interest rate [%] = Base interest rate [%] + Floating interest rate [%]
EURIBOR (European Inter-Bank Offered Rate) is a reference interest rate used in the euro interbank market. It indicates the average rate at which European banks lend money to each other and serves as a basis for setting interest rates on a wide range of financial products, such as mortgages and loans.
Based on the reference period (monthly, quarterly, semi-annual, or annual), the corresponding EURIBOR index is applied, in particular:
The variation in the period interest rate will recalculate the interest portion of each installment. The recalculation takes place at the beginning of the reference month in which the installment payment is made, and the value of the variable interest rate is equal to the average value of the previous period.
For example:
If a payment installment is scheduled for April 30, 2024, on April 1, 2024, the installment amount is calculated using the floating interest rate referring to the month of March 2024.
N.B.: The Environment Points, in the case of investments in projects with a floating rate, are verified at the time of the investment, and the additional rate obtained will be added to the Base Rate, thus generating a fixed part, to which the Euribor, the variable part, will then be added, which will be recalculated for each installment
The company Alfio Motta S.r.l. is requesting a minimum funding of € 150,000 (with a maximum of € 700,000) to carry out asbestos remediation and install a 387.2 kWp photovoltaic system on the roof of a warehouse located in Catania (CT). The estimated amount to complete the works is approximately € 744,000.
The categories in which the intervention will be carried out are as follows:
• Asbestos removal and remediation
• Roof structure refurbishment
• Installation of a 387.2 kWp rooftop photovoltaic system
The project includes incentives through Zes Zone benefits with 60% of the investment in tax credit.
The project is based on a form of contract called Engineering Procurement and Construction (EPC), also known as "Turnkey": the ESCo carries out, on behalf of a final customer, all the phases of engineering, installation, and construction of a plant; taking care of all aspects in detail, including the post-production maintenance phase. The final customer can choose the most convenient agreement to repay the ESCo.
In the specific case, the company Alfio Motta S.r.l. will purchase the plant and settle the asbestos remediation works, including the installation of the new roof structure, directly to ESCo Solar Cash S.r.l. The energy savings generated by the photovoltaic system, estimated at 65% of the self-consumed energy by the company, the facilitation through the "Zes Zone" (Special Economic Zone) incentive of 60% of the incurred expenses provided through tax credit, and additionally, the excess energy fed into the grid and not self-consumed by the company will allow the financing from the crowd to be repaid within the expected timeframe.
ENERSCORE+ & EASYSCORE INTEGRATED EXPERT
Ener2Crowd provides a first qualitative parameter called "EnerScore+" that is assigned to each individual investment proposal. This parameter defines a SCORING that objectively, comprehensively, and understandably summarizes all the data that characterize the project from a technical point of view, ranging from an ESG evaluation expressed in CLASSES, to a verification of the activated SDGs (Sustainable Development Goals).
A specific Financial Rating called "Easyscore Integrated Expert" is expressed, resulting from the credit analysis carried out by EasyFintech, which verifies the reliability and solidity of the creditworthiness of the Project Owner Company. EasyFintech S.r.l. is a company that operates as a commercial information reseller with License art. 134 TULPS Prefecture of Milan prot. n. 14795/12B15E of 31/01/2020.
In the case of the Project proposed by Alfio Motta S.r.l., the resulting EnerScore+ is 10.23, so an ENERSCORE+ BBB (ESG) is assigned, while the Integrated Expert Easyscore is at level 4 - SOLVENCY.
Qualitative Scoring - EnerScore+
Elements taken into consideration:
Integrated Score issued on 08/04/2024 - confidential and not reproducible
Financial Scoring - Integrated Expert Easyscore
Elements examined for the calculation of the Integrated Expert Easyscore Report - (classes from 1 to 10 with a score of 0 - 100) prepared by EasyFintech S.r.l.:
NOTE: It is specified that these values represent only an element of reflection that an investor can consider in the decision to participate in the financing.
The installation of the photovoltaic system with asbestos remediation will be carried out at a warehouse in Catania (CT).
The company Alfio Motta S.r.l. is a supermarket reality with various stores operating in the Etneo territory with over 50 years of experience in the reference sector.
THE STORY
It's the 60s and in Belpasso, a small town at the foot of Mount Etna and a few kilometers from Catania, a butcher's shop is inaugurated by a young boy named Alfio Motta. A place that, from the very beginning, became a reference point for a community linked to tradition and food and wine. It will be destiny or much more likely the skill of a man who knew a lot about enterprise, the fact is that in 1968 begins the entrepreneurial story of the Motta family, with the transformation of the butcher's shop into the first historic supermarket.
Passion, dedication, strong roots in the territory and a pinch of courage were the ingredients that characterized the growth of the family business as a supplier of food products throughout the Etna area, always looking to the future and innovation, without ever losing sight of the heritage of the past.
With the baggage of knowledge gathered together with the training and experiences gained from a young age in the family business, in the early 2000s the children take the lead of the company with the aim of greater organizational definition, to intercept new needs and follow market developments.
MOTTA GROUP
Trust, dynamism, enthusiasm and customer protection: these are the fundamental values that characterize the way Motta Group operates.
Improving the lives of people every day by guaranteeing the best quality, the best convenience and a service beyond expectations, offering the territory and the community concrete actions of economic, social and environmental sustainability.
The analysis of the Company that aims to collect 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 computer systems of 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.
Alfio Motta S.r.l. is a company established in 2015 whose purpose is "wholesale and retail trade [...]". The company is controlled by Gruppo Motta Holding S.r.l., which is always referred to Salvatore Orazio Motta and Angelo Motta.
The administrator of Alfio Motta S.r.l. is Salvatore Orazio Motta, the same administrator of Gruppo Motta Holding S.r.l. - with no previous negatives.
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 "Solvency".
Below is a summary of the analysis of the other partial scores:
• Cribis D&B Rating: 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). Alfio Motta S.r.l. has been assigned a Cribis Rating of "2" with a "lower than average cessation risk".
• CeBi Score 4: The CeBi calculations provide the calculation of PD - Probability Default through a certified algorithm for the banking world, within the 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. The analysis of the financial statements as of 31-12-2022, in terms of insolvency risk, classifies the company in class V1, corresponding to a Vulnerability situation with a PD of 0.51%. This class includes 23.23% of companies belonging to the COMM. DETT IN ESERCIZI NON SPECIALIZZATI sector.
• CR Score: expresses synthetically a judgment on the use of credit lines granted by the banking system, 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 12-month period. This value is confidential as it is not a public data, but it represents a level of "Security".
The preceding analyses, summarized in the Easyscore Integrato by EasyFintech, place the company Alfio Motta S.r.l. in an area of "Solvency".
The Financing Agreement is a purpose loan: Alfio Motta S.r.l. undertakes to use the funds received from Investors exactly as provided for in the Project outlined in the public offer and not to divert them for other purposes.
The estimated cost for the reclamation work, installation of the new roof structure, and installation of the photovoltaic system amounts to €744,000. The minimum target for the Ener2Crowd crowdfunding campaign will cover 67% of the Capex, while the maximum target will cover 93% of the total.
The crowdfunding campaign is a bridge loan that the company uses to carry out the work and complete the installation project; the remaining portion of the Capex is covered by the company's equity. For this specific project, there is a tax incentive through the ZES (Special Economic Zones) incentive that covers 60% of the project's Capex provided through a tax credit.
The amortization plans provide for the repayment of Capital and Interest at each installment with a variable rate (EURIBOR). Therefore, there will be quarterly installments with a varying interest share; there are also two installments of pre-amortization with only interest.
The trend of the 3-month Euribor is shown below: EURIBOR3M
AMORTIZATION PLAN FOR 36 MONTHS
The following amortization plan for Alfio Motta S.r.l. is calculated with an interest rate of 5.40% + EURIBOR3M for a total of €700,000.
N.B.: The start of the amortization plan is finalized from the first available date after the terms of the disbursement, therefore the table shown is a mere simulation containing the first available date in case of campaign completion at its expiration.
ATTENTION: The start of the Amortizing Plan is estimated to be on 15/10/2024
*excluding any tax withholdings.
**The rate has been hypothesized with the latest available EURIBOR, it is an example value for informational purposes only.
ATTENTION: In the case of Projects with a variable rate, all additional rates resulting from environmental points and/or Bonuses do not vary with the Euribor, but are defined at the investment stage and added to the base fixed rate, constituting a fixed portion to which the variable portion of the Euribor will be added at each installment.
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
By financing this project, you can contribute to support and implement the following SDGs Sustainable Development Goals:
Why these SDGs?
• SDG 7 production of accessible electricity from renewable sources;
• SDG 9 implementation of resilient infrastructures and facilities;
• 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 corresponding reduction in GHG emissions.
Become a protagonist of the future and sustainable development by financing this initiative!
Photovoltaic panels are devices that convert solar light into electrical energy. Composed of solar cells containing semiconductor materials, the panels capture photons from the sun and transform them into direct current. This clean and renewable energy can be used to power our homes, businesses, transportation, and industries, reducing environmental impact. In addition to this environmental benefit, there is also a financial advantage derived from self-consumption and/or the sale of energy produced by the system. Estimates predict over 50 GW of new photovoltaics for European countries. This would lead Europe on a path of expansion, with a projected average annual growth of 85 GW by 2026. In 2022, 41.4 GW of photovoltaic installations were installed throughout Europe, a 47% increase compared to the 2021 figure of 28.1 GW. Photovoltaics represent one of the most promising renewable technologies to drive us towards decarbonization. Supporting these types of initiatives becomes essential to bring us closer to a more sustainable future.
It is estimated that the photovoltaic system of Alfio Motta S.r.l. project will have a total estimated annual production of 528.000 kWh, which is equivalent to:
Saving 227.040 kg of CO2 in the atmosphere every year
Planting 22.704 trees, enough to cover an area of 116 football fields
Avoiding the emissions of exhaust gases from 159 cars every year
These are the effects and benefits that can also be generated thanks to your contribution!