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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d - 102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULES 13d-1(b) AND (c) AND AMENDMENTS
THERETO FILED PURSUANT TO 13d-2(b)
(Amendment No. )(1)
---
THE A CONSULTING TEAM, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
000881-10-2
--------------
(CUSIP Number)
APRIL 6, 1999
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[x] Rule 13d-1(c)
[ ] Rule 13d-1(d)
(1) The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, see the Notes).
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CUSIP No. 000881-10-2 Page 2 OF 6 Pages
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================================================================================
1 NAME OF REPORTING PERSON
Global Credit Corp. (Overseas) Ltd.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
N/A
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Ireland
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NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
---------------------------------------------------
6 SHARED VOTING POWER
657,300
---------------------------------------------------
7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------
8 SHARED DISPOSITIVE POWER
657,300
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
657,300
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.0%
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12 TYPE OF REPORTING PERSON
CO
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CUSIP No. 000881-10-2 Page 3 OF 6 Pages
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1 NAME OF REPORTING PERSON
Charles Ewert
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
N/A
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Luxembourg
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NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
---------------------------------------------------
6 SHARED VOTING POWER
657,300
---------------------------------------------------
7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------
8 SHARED DISPOSITIVE POWER
657,300
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
657,300
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.0%
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12 TYPE OF REPORTING PERSON
IN
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CUSIP No. 000881-10-2 Page 4 of 6 Pages
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ITEM 1(A). NAME OF ISSUER:
The A Consulting Team, Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
200 Park Avenue South
New York, New York 10003
ITEM 2(A). NAME OF PERSON FILING:
Global Credit Corp. (Overseas) Ltd. ("Global Credit")
Mr. Charles Ewert
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
Global Credit Corp. (Overseas) Ltd.
3 Christchurch Square
Dublin 8, Ireland
Mr. Charles Ewert
Residence des Princes
9B Bd. Du Prince Henri
L-1724 Luxembourg
ITEM 2(C). CITIZENSHIP:
Global Credit - Ireland
Mr. Ewert - Luxembourg
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Stock, $ .01 par value per share
ITEM 2(E). CUSIP NUMBER:
000881-10-2
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B),
CHECK WHETHER THE PERSON FILING IS A:
Not applicable
ITEM 4. OWNERSHIP:
Global Credit:
(a) Amount beneficially owned: 657,300 shares
(b) Percent of class: 12.0%
(c) Number of shares as to which such person has
(i) sole power to vote or direct the vote: -0-
(ii) shared power to vote or direct the vote: 657,300
shares
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CUSIP No. 000881-10-2 Page 5 of 6 Pages
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(iii) sole power to dispose or to direct the disposition
of: -0-
(iv) shared power to dispose or direct the disposition of: 657,300 shares
Mr. Ewert:
(a) Amount beneficially owned: 657,300 shares
(b) Percent of class: 12.0%
(c) Number of shares as to which such person has
(i) sole power to vote or direct the vote: -0-
(ii) shared power to vote or direct the vote: 657,300
shares
(iii) sole power to dispose or to direct the disposition
of: -0-
(iv) shared power to dispose or direct the disposition of:
657,300 shares
Mr. Charles Ewert, by virtue of his direct and indirect ownership of
the excess of 50% of the capital stock of Global Credit, may be deemed the
beneficial owner of the shares of Common Stock of the Issuer held by Global
Credit. The filing of this Schedule 13G by Mr. Ewert shall not be construed as
an admission that he is, for purposes of Section 13(d) or 13(g) of the
Securities Exchange Act of 1934, the beneficial owner of the shares covered by
this Schedule 13G.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not Applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Not applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
Not applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF THE MEMBERS OF THE GROUP:
Not applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
Not applicable
ITEM 10. CERTIFICATION:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
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CUSIP No. 000881-10-2 Page 6 of 6 Pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: April 30, 1999
GLOBAL CREDIT CORP. (OVERSEAS) LTD.
By: /s/ Charles Ewert
--------------------------------------------
Name: Charles Ewert
Title: Authorized Representative
CHARLES EWERT
/s/ Charles Ewert
--------------------------------------------
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EXHIBIT 1
POWER OF ATTORNEY
BY THIS POWER OF ATTORNEY given on the 8th day of December 1998, GLOBAL CREDIT
CORPORATION (OVERSEAS) LIMITED, a company incorporated in Ireland (Number
266363), under the Companies Acts 1963 to 1990 with registered office at 3
Christchurch Square, Dublin 8, Ireland (hereinafter called "the Company") HEREBY
APPOINTS:
CHARLES EWERT to be our attorney and in our name and on our behalf to do execute
all or any of the acts and things hereinafter mentioned that is to say:
1. To transact, manage, carry on and do all and every business matter and
thing requisite and necessary or in any manner connected with or having
reference to the business affairs of the Company throughout the world
and for such purposes to enter into correspondence requisite to such
business and affairs as necessary.
2. To do, make, sign and execute for an on behalf of and in the name of
the Company such acts, things, declarations, documents and deeds as the
Company itself could make, sign and execute and to bind the Company
thereby.
3. To open, operate and manage bank accounts in the name of the Company at
any Bank throughout the world in connection with the Company's business
affairs.
4. To make application or appear before any Governmental or Legal
authorities anywhere throughout the world in connection with the
Company's business affairs.
5. To administer any business carried on by the Company throughout the
world including the collection of all monies due whatsoever and
wheresoever.
6. For the better and more effectual execution of the powers and
authorities aforesaid or any of them, to retain and employ advocates or
lawyers to advise, act or represent the Company.
7. To execute documents under the Seal of the Company, an impression of
which is affixed in the margin hereof.
AND IT IS HEREBY DECLARED THAT the Company hereby authorises and empowers the
Attorneys to acknowledge in the name and as the act and deed of the Company to
register and record this Power of Attorney in any proper office and/or registry
anywhere throughout the world and to procure to be done any and every other act
or thing whatsoever which may be in any way requisite or proper for
authenticating and giving full effect to the Power of Attorney according to the
laws and usages of any country as fully and effectually as could the Company.
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THIS POWER OF ATTORNEY shall continue for a period of one year from the date
hereof and shall be revocable in writing by the directors.
IN WITNESS WHEREOF the Company has caused its Common Seal to be hereunto affixed
by its duly Authorised Officers the day and year first before written.
The Common Seal of )
GLOBAL CREDIT CORPORATION )
(OVERSEAS) LIMITED )
was hereunto affixed )
in the presence of: )
/s/ Brian Buckley /s/ John Hanafin
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BRIAN BUCKLEY JOHN HANAFIN
Director Director
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EXHIBIT 2
JOINT FILING AGREEMENT
Global Credit Corp. (Overseas) Ltd. and Mr. Charles Ewert hereby agree
that the Schedule 13G to which this Agreement is attached, relating to the
Common Stock of The A Consulting Team, Inc., is filed on behalf of each of them.
Global Credit Corp. (Overseas) Ltd.
By: /s/ Charles Ewert
--------------------------------
Charles Ewert
Authorized Representative
Dated: April 30, 1999
/s/ Charles Ewert
--------------------------------------
Charles Ewert
Dated: April 30, 1999
