MIRA INFORM REPORT

 

 

Report Date :

13.05.2013

 

 

IDENTIFICATION DETAILS

 

Name :

GLOBAL ENERGY SERVICES B.V.

 

 

Registered Office :

Dr. Kuyperstraat 14 C 2514BB 's-Gravenhage

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

29.08.1997

 

 

Com. Reg. No.:

28075847

 

 

Legal Form :

Private Company

 

 

LINE OF BUSINESS :

GLOBAL SERVICES TO THE OIL AND GAS, HYDROCARBON AND PETROCHEMICAL INDUSTRY, PROJECT MANAGEMENT, PROJECT MANAGEMENT AND CONSULTANCY DURING THE DESIGN, CONSTRUCTION, COMMISSIONING AND MAINTENANCE OF PLANT. PROVISION OF WORKFORCE.

 

 

No. of Employees :

7

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Unknown

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, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Netherlands

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 


 

NETHERLANDS - ECONOMIC OVERVIEW

 

The Dutch economy is the sixth-largest economy in the euro-zone and is noted for its stable industrial relations, moderate unemployment and inflation, a sizable trade surplus, and an important role as a European transportation hub. Industrial activity is predominantly in food processing, chemicals, petroleum refining, and electrical machinery. A highly mechanized agricultural sector employs only 2% of the labor force but provides large surpluses for the food-processing industry and for exports. The Netherlands, along with 11 of its EU partners, began circulating the euro currency on 1 January 2002. After 26 years of uninterrupted economic growth, the Dutch economy - highly dependent on an international financial sector and international trade - contracted by 3.5% in 2009 as a result of the global financial crisis. The Dutch financial sector suffered, due in part to the high exposure of some Dutch banks to U.S. mortgage-backed securities. In 2008, the government nationalized two banks and injected billions of dollars of capital into other financial institutions, to prevent further deterioration of a crucial sector. The government also sought to boost the domestic economy by accelerating infrastructure programs, offering corporate tax breaks for employers to retain workers, and expanding export credit facilities. The stimulus programs and bank bailouts, however, resulted in a government budget deficit of 5.3% of GDP in 2010 that contrasted sharply with a surplus of 0.7% in 2008. The government of Prime Minister Mark RUTTE began implementing fiscal consolidation measures in early 2011, mainly reductions in expenditures, which resulted in an improved budget deficit in 2011. In 2012 tax revenues dropped nearly 9%, GDP contracted, and the budget deficit deteriorated. Although jobless claims continued to grow, the unemployment rate remained relatively low at 6.8 percent.

Source : CIA

 


CONTACTIN FORMATION

           

Company name

GLOBAL ENERGY SERVICES B.V.

Tradename

Global Energy Services B.V.

 

Infoca International

Address

Dr. Kuyperstraat 14 C

 

2514BB 's-Gravenhage

 

Netherlands

Mail address

Postbus 97604

 

2509GA 's-Gravenhage

 

Netherlands

Telephone number

0703118090

Telefax number

0703118099

E-mail address

info@global-energy.nl

Website

www.global-energy.nl

VAT number/RSIN

806329877

 

 

COMPANY INFORMATION

           

Handelsregisternummer

28075847

Registered in

Chamber of commerce Den Haag

 

 

First registration

02-09-1997

Act of foundation

29-08-1997

Date of constitution

29-08-1997

Last change in statutes

15-08-2006

 

 

Legal form

Private Company

Place of constitution

's-Gravenhage

 

 

Issued capital

30.728

Paid up capital

30.728

 

NACE-code

Financial holding (65234)

 

Public relations offices (74141)

SBI-code

 Organisational Planning (70221)

 

Job pools (no employment projects) (78202)

Formal objective

Global services to the oil and gas, hydrocarbon and petrochemical industry, project management, project management and consultancy during the design, construction, commissioning and maintenance of plant. Provision of workforce.

 

Employees

Total: 7

 

 

Employees according to CoC

Chamber of commerce: 7

 

 

Bookyear

2013

2012

2011

Number

7

7

12

Change

0,00%

-41,67%

9,09%

 

Real estate

Lease

 

The real estate is checked at the land registration office

 

Object code: 'S-GRAVENHAGE P P 2087

 

Owner: Leonard Charles Esche Rozendaal

 

Description: Dr. Kuyperstraat 14 2514 BB 'S-GRAVENHAGE

 

 

MANAGEMENT

 

Management

 

G.W. Etty Holding B.V.

 

 

Dr. Kuyperstraat 14

2514BB 'S-GRAVENHAGE

Netherlands

KvK: 27259372

Authorization: Fully authorized

Position: Manager

Date appointed: 30-05-2003

 

Make It Work Holding B.V.

Louise de Colignylaan 11

2252KM VOORSCHOINN

Netherlands

KvK: 28102240

Authorization: Fully authorized

Position: Manager

Date appointed: 12-03-2009

 

H. Klaassens

Hendrikus

Authorization: Fully authorized

Position: Proxy

Date appointed: 01-10-2008

Date of birth: 08-07-1971

 

 

PAYMENT INFORMATION

 

Payment experiences                            There are no payment experiences known

 

 

FINANCIAL INFORMATION

 

Publication financial statement               Annual accounts 2011 are published on 22-05-2012

Annual accounts 2010 are published on 01-08-2011

Annual accounts 2009 are published on 02-04-2010

Annual accounts 2008 are published on 30-06-2009

Annual accounts 2007 are published on 28-07-2008

 

Type of publication                               Corporate

Publication                                            Publication according to obligations by law

 

 

CORE FIGURES

                                                                                                                                    

BOOKYEAR

2011

2010

2009

Quick ratio

0,99

1,04

2,02

Current ratio

0,99

1,04

2,02

Nett workingcapital / Balance total

-0,01

0,03

0,48

Capital and reserves / Balance total

0,09

0,10

0,53

Capital and reserves / Fixed assets

0,88

1,40

11,41

Solvency

0,10

0,12

1,12

Nett workingcapital

-6.242

23.508

285.261

Capital and reserves

65.067

72.996

312.662

Change capital and reserves

-10,86%

-76,65%

5.493,24%

change short term liabilities

7,87%

122,54%

-79,03%

 

Annual Accounts                                  The Company is obligated to publish its annual accounts

Untitled

 

BALANCE      

                       

BOOKYEAR

2011

2010

2009

End of bookyear

31-12-2011

31-12-2010

31-12-2009

Intangible assets

10.338

12.834

 

Tangible assets

22.972

28.274

27.401

Financial assets

40.309

11.206

 

Fixed assets

73.619

52.314

27.401

 

Accounts receivable

662.719

643.634

563.690

Liquid assets

85

100

274

Current assets

662.804

643.734

563.964

Total assets

736.423

696.048

591.365

 

Capital and reserves

65.067

72.996

312.662

Provisions

2.310

2.826

 

Total short term debt

669.046

620.226

278.703

Total debt

671.356

623.052

278.703

Total Liabilities

736.423

696.048

591.365

 

 

Company structure

 

  • Q.W. Etty Holding B.V. (27259372)

'S-GRAVENHAGE

    • Global Energy Holding B.V. (28108641)

'S-GRAVENHAGE

Management relation

      • Global Energy Services B.V. (28075847)

's-Gravenhage

Subsidiary

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.54

UK Pound

1

Rs.84.19

Euro

1

Rs.71.11

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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