-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, U8mcgFW7+ziDLf0vjRzaljp+vj5o6V/txM2/y1/7a7XwB+mG8ME10U9QbAbk4zEC nJw2Fn8ZCteS51EjvFWszw== 0001085037-05-000494.txt : 20050420 0001085037-05-000494.hdr.sgml : 20050420 20050419180517 ACCESSION NUMBER: 0001085037-05-000494 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050420 DATE AS OF CHANGE: 20050419 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GLOBAL ENERGY INC CENTRAL INDEX KEY: 0001090967 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 860951473 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-79384 FILM NUMBER: 05760253 BUSINESS ADDRESS: STREET 1: P.O. BOX 49149, FOUR BENTALL CENTRE STREET 2: SUITE 400, 1055 DUNSMUIR STREET CITY: VANCOUVER STATE: A1 ZIP: V7X 1J1 BUSINESS PHONE: (604) 639-5835 MAIL ADDRESS: STREET 1: P.O. BOX 49149, FOUR BENTALL CENTRE STREET 2: SUITE 400, 1055 DUNSMUIR STREET CITY: VANCOUVER STATE: A1 ZIP: V7X 1J1 FORMER COMPANY: FORMER CONFORMED NAME: GLOBAL SMARTCARDS INC DATE OF NAME CHANGE: 19990716 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Altshuler Shaham Ltd CENTRAL INDEX KEY: 0001324290 IRS NUMBER: 000000000 STATE OF INCORPORATION: L3 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 19A HABARZEL STREET CITY: TEL AVIV STATE: L3 ZIP: 69710 BUSINESS PHONE: 972-3-648-0003 MAIL ADDRESS: STREET 1: 19A HABARZEL STREET CITY: TEL AVIV STATE: L3 ZIP: 69710 SC 13D 1 altsh13d.htm ALTSHULER'S SCHEDULE 13D UNITED STATES

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. _______*)

GLOBAL ENERGY INC.

(Name of Issuer)

Common Stock, par value of $0.001

(Title of Class of Securities)

37932B 10 0

(CUSIP Number)

Bernard Pinsky
Clark Wilson LLP
Barristers & Solicitors
Patent & Trade-Mark Agents
800 - 885 West Georgia Street
Vancouver, British Columbia, Canada V6C 3H1
Tel: 604.687.5700

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

April 5, 2004

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Section 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [ ].

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-7 for other parties to whom copies are to be sent.

* 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 disclosures provided in a prior cover page.

The information required on 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 ("Act") 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).

 

CUSIP NO.

37932B 10 0

1

NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Altshuler Shaham Ltd.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a) [ ]

(b) [x]

3

SEC USE ONLY

4

SOURCE OF FUNDS (See Instructions)

WC

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)

[ ]

6

CITIZENSHIP OR PLACE OF ORGANIZATION

Israel

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH

7

SOLE VOTING POWER

428,125

8

SHARED VOTING POWER

Nil

9

SOLE DISPOSITIVE POWER

428,125

10

SHARED DISPOSITIVE POWER

Nil

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

428,125

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

[ ]

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

9.21%, based on 4,650,000 shares of common stock of the Issuer outstanding

14

TYPE OF REPORTING PERSON (See Instructions)

CO

Item
1. Security and Issuer

This Statement relates to common shares without par value of Global Energy Inc. (the "Issuer"). The principal executive offices of the Issuer are located P.O. Box 49149, Suite 400, Four Bentall Centre, 1055 Dunsmuir Street, Vancouver, British Columbia, V7X 1J1.

Item
2. Identity and Background

(a) Name: Altshuler Shaham Ltd. ("Altshuler")

(b) State of Organization: Israel.

(c) Principal business: investments.

(d) Principal office address: 19A Habarzel Street, Tel Aviv, Israel 69710.

(e) During the last five years, Altshuler has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanours).

(f) During the last five years, Altshuler was not a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

Item
3. Source and Amount of Funds or Other Considerations

Pursuant to an affiliate stock purchase agreement dated April 5, 2005 with DNG Capital Corp., Altshuler acquired 428,125 shares of the Issuer's common stock for an aggregate acquisition cost of $87,500. These funds were provided by the working capital of Altshuler. No part of the purchase price is or will be represented by funds or other consideration borrowed or otherwise obtained for the purpose of acquiring, holding, trading or voting the securities.

Item
4. Purpose of Transaction

Altshuler entered into the April 5, 2005 transaction and acquired the 428,125 common shares for investment purposes, but may transfer or sell such shares as necessary.

Altshuler does not presently have any plan or proposal which relate to or would result in any of the following: the acquisition or disposition by any person of additional securities of the Issuer; an extraordinary corporate transaction involving the Issuer or its subsidiaries; a sale or transfer of a material amount of the Issuer's or its subsidiaries' assets; any material change in the present capitalization or dividend policy of the Issuer; any other material change in the Issuer's corporate structure; any changes to the Issuer's charter, bylaws or instruments corresponding thereto which may impede the acquisition of control by any person; causing a class of securities of the Issuer to be delisted from a national securities exchange or cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; or a class of equity securities of the Issuer becoming eligible for termination of registration pursuant to section 12(g)(4) of the Sec urities Exchange Act of 1934.

Item
5. Interest in Securities of the Issuer

(a) Altshuler beneficially owns an aggregate of 428,125 shares of common stock of the Issuer. This represents 9.21% of the Issuer's current issued and outstanding share capital.

(b) Altshuler has the sole power to vote or direct the vote, and to dispose or direct the disposition, of 428,125 shares of common stock of the Issuer. Altshuler is a corporation controlled by Gilad Altshuler and Kalman Shaham.

(c) Other than described in Item 3 above, Altshuler has not effected any transaction in the shares of common stock of the Issuer in the past sixty days.

(d) no person, other than Altshuler, is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the 428,125 shares of common stock of the Issuer.

(e) Not applicable.

Item
6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Not applicable.

Item
7. Material to Be Filed as Exhibits

Not applicable.

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.

Dated: April 14, 2005

ALTSHULER SHAHAM LTD.

Per:

/s/ Gilad Altshuler
Gilad Altshuler

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of the filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement: provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

Attention: intentional misstatements or omissions of fact
constitute Federal criminal violations (see 18 U.S.C. 1001)

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