Hi, I also have a Vittorio, however mine is a 575

The action is not so regretable, and sound is OK (I normally play acoustic and electric) although it is obviously very cheaply manufactured... stick rosette, plain binding, and has a #8 phillips head woodscrew through the fretbaord between 11 and 12th frets, a little odd, however I suspect this is where the fretbaord is fastened to the body, or could it actaully be a custom shop job, to mark the twelfth fret, as it is quite descrete being of similar colour to the rosewood? (if indeed it IS rosewood?)

Again, distributed by the famed London distributor of sheet music.