The company was established in early 2007 and since then has had a successful history of trade with over 9 million metric tons of cereal and oilseed crops exported around the globe. In 2015, the company’s exports reached a record of 300,000 metric tons of cereal and oilseed crops. We work with the largest international companies in the industry worldwide – Ameropa AG, Glencore Grain BV, Cargill, Nidera and many others.
Nowadays we apply all the expertise accumulated over the years in our new business segments – peeling sunflower seeds and production of sunflower oil.
Magic Flame Ltd., Bulstat No. 148020095, is a company with head office and management address: Sofia, 28 Bacho Kiro Blvd., Floor 4.
Eduard H. Bagdasaryan is its Owner and Manager.
Register capital is of 5000 BGN. Fixed capital is of 5391 thousand BGN.
The company was re-registered when the Commercial Register was created.
In 2010, the company changed its management address from city of Varna to city of Sofia due to the transfer of its account to Large Taxpayers with the National Revenue Agency. To date, the company’s account is under Medium Taxpaters in city of Sofia.
The company has been on the grain market for more than 14 years. It is registered with the Grain and Fodder Office with the Ministry of Agriculture, Food and Forestry. It has a license and submits its operational reports to the said office. It works with over 150 suppliers – grain traders, and with over 30 customers from around the world.
At the end of 2020, the company acquired one of the largest oil producers in Bulgaria – Klas Oil JSC – a company with a 20-year tradition in the oil industry, a trusted partner of the Bulgarian agriculture, and an established international supplier with impressive market geography.
The acquisition of Klas Oil also includes the company Kabakum Group – Import Export, which is focused on the export of Klas Oil products worldwide.
Magic Flame Ltd. owns a plant for processing sunflower – “Bakery grade” in Riltsi – town of Dobrich, as well as its own grain depots in Dobrich and Varna.
The main activity of the company is oil production, sunflower processing, grain trade, trade in grain processing goods and services – Classification of Economic Activities Code 4621 declared to the National Statistical Institute – wholesale of grain, seeds, fodder and raw tobacco.
The Company uses credit lines in Unicredit Bulbank AD, Eurobank Bulgaria AD, Raiffeisenbank (Bulgaria) EAD, United Bulgarian Bank AD, Bulgarian-American Credit Bank AD,
In 2020, Magic Flame was trusted by a bank based in Geneva, Switzerland – BCP (Banque de Commerce et de Placements), by providing trade finance. The company has maintained good financial ratings during the years of crisis and we strive for growth in efficiency and profitability.
The company has entered the markets for grain and grain derivatives in France, Romania, Greece, Poland, Germany, China and others.
Magic Flame Ltd is a member of the BULGARIAN ASSOCIATION OF GRAIN AND FEED TRADES (BAGFT), which is a member of COCERAL.