MIRA INFORM REPORT

 

 

Report Date :

28.10.2013

 

IDENTIFICATION DETAILS

 

Name :

GLOBAL OFFSHORE SERVICES LTD.

 

 

Registered Office :

Beursplein 37 3011AA Rotterdam

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.03.2012

 

 

Date of Incorporation :

24.11.2010

 

 

Legal Form :

Private Company

 

 

Line of Business :

Subject is finance holding company.

 

 

No. of Employees :

01

 

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 :

Slow but correct

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

 

CONTACTINFORMATION

    

Company name

Global Offshore Services B.V.

Tradename

Global Offshore Services B.V.

Address

Beursplein 37

 

3011AA Rotterdam

 

Netherlands

Mail address

Postbus 30204

 

3001DE Rotterdam

 

Netherlands

Telephone number

0102051401

E-mail address

unknown

Website

unknown

VAT number / RSIN

823231501

 

History

DE LAIRESSESTRAAT154

 

1075 HL AMSTERDAM

 

Tot: 8-5-2013

 

SCHIPHOL BOULEVARD 231

 

1118 BH SCHIPHOL

 

Tot: 16-1-2013

 

DE LAIRESSESTRAAT154

 

1075 HL AMSTERDAM

 

Tot: 18-10-2012

Special remarks

Met garantie van de shareholder GLOBAL OFFSHORE SERVICES LTD. is a credit of

 

EUR 500.000 granted.

 

Indien u gebruik maakt van een garantstelling by de mother adviseren wij u ook over

 

 

COMPANY INFORMATION  

 

Handelsregisternummer

51338270

Registered in

Chamber of commerce Rotterdam

First registration

24-11-2010

Act of foundation

23-11-2010

Date of constitution

23-11-2010

Last change in statutes

17-08-2012

Legal form

Besloten Vennootschap

Place of constitution

Amsterdam

Issued capital

24.069.266

Paid up capital

24.069.266

 

NACE-code

Financial holding (65234)

SBI-code

Financial holding (642)

 

Financial holding (6420)

Formal objective

Holding and finance

 

Employees

Total: 1

Employees according to CoC

Chamber of commerce: 1

 

 

COMPANY STRUCTURE

 

Shareholder

GLOBAL OFFSHORE SERVICES LTD.

 

CHANDER MUKHI, NARIMALE POINT

 

400 021 MUMBAI

 

India

 

Telephone number: +91 022 22028398

 

FAX number: +91 022 22029964

 

Email address: info@globaloffshore.in

 

Status: Active

 

Category: Very large company

 

Market value: 26979521.846

 

Stock exchange: Bombay Stock Exchange

 

Last year: 2011

 

Turnover last year: 33.609.903 EUR

 

Result last year: 3.514.546 EUR

 

TOTAL assets last year: 146.606.542 EUR

 

Number of shareholders: 4

 

Number of subsidiaries: 1

 

Number of branches: 0

 

 

MANAGEMENT

 

Management  

N. Blaauwendraad

Nicolaas

Authorization: Jointly authorized Position: Manager Date appointed: 07-08-2012 Date of birth: 06-05-1958

A.B. Garware

Ashok Bhalchandra

Authorization: Jointly authorized

Position: Manager

Date appointed: 23-11-2010

Date of birth: 15-10-1938

 

A.A. Garware Aditya Ashok

Authorization: Jointly authorized Position: Manager Date appointed: 27-04-2011 Date of birth: 11-02-1971

J.J. van Ginkel

Jacobus Johannes

Authorization: Jointly authorized

Position: Manager

Date appointed: 27-04-2011

Date of birth: 11-12-1958

 

Other directorships:

Manager: Babcock B.V. - 's-Gravenhage (KvK: 27358656)

Manager: Sutton Tools Europe Cooperative U.A. - Amsterdam (KvK: 34357280)

Manager: Vistra B.V. - Schiphol (KvK: 30091120)

 

S.L. Seevinck Steven Lambertus 3312LT

Authorization: Jointly authorized Position: Manager Date appointed: 12-07-2013 Date of birth: 18-03-1961 Other directorships:

- Proxy: Jo Tankers B.V. - ZWIJNDRECHT (KvK: 24172446)

 

B.W. de Sonnaville Bart Willem

Authorization: Jointly authorized Position: Manager Date appointed: 23-11-2010 Date of birth: 07-08-1975 Other directorships:

Manager: Sutton Tools Europe Cooperative U.A. - Amsterdam (KvK: 34357280)

Manager: Blue Topaz Shipbuilding B.V. - Amsterdam (KvK: 54087619)

Manager: Eureal Real estate B.V. - Schiphol (KvK: 34221003)

Manager: Blue Topaz B.V. - Schiphol (KvK: 54086515)

Proxy: Vistra B.V. - Schiphol (KvK: 30091120)

 

 

PAYMENT INFORMATION

 

Payment experiences

 

Because of limited activities, no payment experiences of any importance are known. No complaints are known.

 

 

FINANCIAL INFORMATION

 

Publication financial statement    Annual accounts 2012 are published on 12-07-2013 (Broken accounting year)

 

Type of publication Corporate

 

Publication        Steady

 

CORE FIGURES

 

BOOKYEAR

2012

Quick ratio

0,27

Current ratio

0,30

Nett workingcapital / Balance total

-0,11

Capital and reserves / Balance total

0,20

Capital and reserves / Fixed assets

0,21

Solvency

0,24

Nett workingcapital

-7.353.799

Capital and reserves

13.177.461

 

 

Annual accounts                        The company is obligated to publish its annual accounts

Last annual accounts                 2012

Tendency                                  Not to be judged because of the absence of sufficient financial information

Capital and reserves                   2012 13.177.461

Total debt                                  2012 54.008.440

 Current ratio                             2012 0,30

 Quick ratio                               2012 0,27

 Nett workingcapital                    2012 -7.353.799

 

Profitability                    Not to be judged

Solvency                       Limited

Liquidity                        Negative

Currency                       Euro

 

BALANCE

 

BOOKYEAR

2012

End of bookyear

31-03-2012

Tangible assets

64.056.283

Fixed assets

64.056.283

 

Stocks and work in progress

270.487

Accounts receivable

1.939.403

Liquid assets

919.728

Current assets

3.129.618

Total assets

67.185.901

 

Capital and reserves

13.177.461

Long term liabilities

43.525.023

Total short term debt

10.483.417

Total debt

54.008.440

Total Liabilities

67.185.901

 

History

 

Management

Per 12-07-2013 manager Steven Lambertus Seevinck appointed. Per 07-08-2012 manager Nicolaas Blaauwendraad appointed. Per 27-04-2011 manager Jacobus Johannes van Ginkel appointed. Per 27-04-2011 manager Aditya Ashok Garware appointed. Per 23-11-2010 manager Bart Willem de Sonnaville appointed. Per 23-11-2010 manager Ashok Bhalchandra Garware appointed.

Modifications

Issued capital changed to EUR 24.069.266,00 Paid up capital changed to EUR 24.069.266,00.

Issued capital changed to EUR 19.897.727,00 Paid up capital changed to EUR 19.897.727,00.

Per 7-8-2012 is the responsibility of manager Nicolaas Blaauwendraad changed..

Other publications

            Date of filing: 12-07-2012 Type of deposit: Bankverklaring (art. 93a section 6 BW2

of art. 203a section 6 BW2).

... Date of filing: 05-07-2012 Type of deposit: Bankverklaring (art. 93a section 6 BW2 of art. 203a section 6 BW2).

... Date of filing: 19-09-2011 Type of deposit: Bankverklaring (art. 93a section 6 BW2 of art. 203a section 6 BW2).

Date of filing: 27-04-2011 Type of deposit: Bankverklaring (art. 93a section 6 BW2 of art. 203a section 6 BW2).

 

 

Company structure

 

Global Offshore Services B.V. (51338270) Rotterdam

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.63

UK Pound

1

Rs.99.94

Euro

1

Rs.85.14

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIS

 

 

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.