MIRA INFORM REPORT

 

 

Report Date :           

19.07.2011

 

IDENTIFICATION DETAILS

 

Name :

FLAME SA

 

 

Registered Office :

Riva Paradiso 2, 6900 Paradiso

 

 

Country :

Switzerland

 

 

Date of Incorporation :

20.11.2002

 

 

Com. Reg. No.:

514.3.026.737-9 / 691183

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

trade in mineral materials, particularly fuels

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

CHF 20'000

 

 

Status :

Moderate

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Switzerland

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

Company name

 

FLAME SA

 

 

Operating address

 

Riva Paradiso 2

6900 Paradiso

Switzerland/CH

Telephone:                    091 9852070

Fax:                             091 9809401

Web site:                      http://www.flamesa.ch

E-mail:                         info@flamesa.ch

VAT-No.:                      CHE-109.855.126

 

 

Profile

 

Established:                  2002

Line of Business:           Trade brokers

Industry Division:           Wholesale trade

Industry-code (NACE):     4612     Agents involved in the sale of fuels, ores, metals and industrial chemicals

Import/Export:               Import, export agency

Banks:                         unknown

 

 

Operational Figures

 

Coverage:                     Company

Figures:                        approximately

Employees:                  8

Sales:                          CHF 10-20 Mio

 

 

Activity

 

The business activities of the company are the trade in mineral materials, particularly fuels.

 

 

Real Estate

 

Real Estate:                    The company owns no property.

Company Register

 

Company No:                514.3.026.737-9 / 691183

Legal form:                    Company limited by shares

Registration:                 20.11.2002

Legal status:                 active

Responsible Register:    Registro di commercio del Cantone Ticino

Auditor:                        PKF CERTIFICA SA, Lugano

History:                        Date of Statutes: 28.04.2010

                                    Date of Statutes: 14.12.2009

                                    Date of Incorporation Statutes: 19.11.2002

 

Entry          Deleted      Name

20.11.2002                    FLAME SA

 

Entry          Deleted      Legal domicile

20.11.2002                    Paradiso, Switzerland

 

Entry          Deleted      Address

26.05.2010                    Riva Paradiso 2, Palazzo Mantegazza, 6900 Paradiso/TI, Switzerland/CH

20.11.2002  26.05.2010  Via San Salvatore 13, 6900 Paradiso/TI, Switzerland/CH

 

Entry          Deleted      Capital

14.05.2010                    Share Capital CHF 1'000'000, paidup CHF 1'000'000

20.11.2002  14.05.2010  Share Capital CHF 210'000, paidup CHF 210'000

 

Entry          Deleted      Capital Structure

14.05.2010                    10'000 Bearer shares of CHF 100.--

15.12.2009  14.05.2010  2'100 Bearer shares of CHF 100.--

20.11.2002  15.12.2009  210 Bearer shares (ordinary shares) of CHF 1'000.--

 

Entry          Deleted      Activity (original Language)

20.11.2002                    Il commercio, l'importazione, l'esportazione, il trasporto, la rappresentanza di combustibili convenzionali ed alternativi. La società può inoltre richiedere finanziamenti, acquistare beni mobili e beni immobili industriali e aziendali come stabilimenti permanenti d'impresa a scopo economico-commerciale (escludendo lo scopo abitativo). La società potrà svolgere ogni attività in relazione con lo scopo sociale.

 

Entry          Deleted      Remarks (original Language)

20.11.2002                    Publishing authority: FUSC.

 

 

Official Administration

 

Title                                             Name

President                                    Fabrizio D'Adamo, Origin: Italy, Address: 6900 Paradiso/TI, Switzerland, single signature

Executive Director                       Luca Ferrari, Origin: Italy, Address: 6900 Paradiso/TI, Switzerland, single signature

Executive Director                       Alessandro Ballerini, Origin: Italy, Address: 6900 Paradiso/TI, Switzerland, single signature

 

 

Management

 

Title                                           Name

Director                                      Fabrizio D'Adamo, Origin: Italy, Address: 6900 Paradiso/TI, Switzerland, single signature

Director                                      Luca Ferrari, Origin: Italy, Address: 6900 Paradiso/TI, Switzerland, single signature

Director                                      Alessandro Ballerini, Origin: Italy, Address: 6900 Paradiso/TI, Switzerland, single signature

 

 

Executive board

 

Title                                           Name

Chief Executive Officer                 Fabrizio D'Adamo (fabrizio.dadamo@flamesa.ch)

 

 

Owner/-s

 

Owner:                         The company is privately owned.

 

 

Investments

 

It is believed that the company has no investments.

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

17.09.2009          2009                           2                           2'697'453.-- Opposition filed

17.09.2009          2008                           0

17.09.2009          2007                           0

 

An updated legal action check is only available against proof of interest. e.g. a copy of an enquiry letter, and order or invoice relating to the subject company.

 

 

Credit Information

 

Financial Statements:    The company does not disclose any financial statements. Third parties are not permitted any insight into the financial affairs. It is therefore difficult to make a proper assessment of the actual situation.

 

Financial Situation:        The financial situation is considered to be in order.

 

Payment experiences:   Financial obligations are met in an orderly manner.

 

Maximum Credit:           CHF 20'000

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.57

UK Pound

1

Rs.71.75

Euro

1

Rs.62.60

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

 

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.