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MIRA INFORM REPORT
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Report No. : |
493313 |
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Report Date : |
27.02.2018 |
IDENTIFICATION DETAILS
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Name : |
PUTEUS GMBH |
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Registered Office : |
Lenenweg
6,D 47918 Tönisvorst |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
01.04.1979 |
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Com. Reg. No.: |
HRB
9505 |
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Legal Form : |
Private limited company |
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Line of Business : |
·
Wholesale of other equipment and accessories for
machinery and technical supplies ·
Wholesale of plumbing and heating equipment and
supplies ·
Non-specialized wholesale trade |
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No. of Employees : |
21 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Slow but Correct |
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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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
GERMANY - ECONOMIC OVERVIEW
The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Like its Western European neighbors, Germany faces significant demographic challenges to sustained long-term growth. Low fertility rates and a large increase in net immigration are increasing pressure on the country's social welfare system and necessitate structural reforms.
Reforms launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high unemployment and low average growth, contributed to strong growth and falling unemployment. These advances, as well as a government subsidized, reduced working hour scheme, help explain the relatively modest increase in unemployment during the 2008-09 recession - the deepest since World War II. The German Government introduced a minimum wage in 2015 that increased to $9.79 (8.84 euros) in January 2017.
Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's total budget deficit - including federal, state, and municipal - to 4.1% in 2010, but slower spending and higher tax revenues reduced the deficit to 0.8% in 2011 and in 2017 Germany reached a budget surplus of 0.7%. A constitutional amendment approved in 2009 limits the federal government to structural deficits of no more than 0.35% of GDP per annum as of 2016, though the target was already reached in 2012.
The German economy suffers from low levels of investment, and a government plan to invest 15 billion euros during 2016-18, largely in infrastructure, is intended to spur needed private investment. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela MERKEL announced in May 2011 that eight of the country's 17 nuclear reactors would be shut down immediately and the remaining plants would close by 2022. Germany plans to replace nuclear power largely with renewable energy, which accounted for 29.5% of gross electricity consumption in 2016, up from 9% in 2000. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its electricity generating capacity and 46% of its base-load electricity production. Domestic consumption, bolstered by low energy prices and a weak euro, and exports are likely to drive German GDP growth again in 2018.
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Source
: CIA |
Company
Name And Address
Report
on: puteus GmbH
Company
Status: active
Lenenweg
6
D
47918 Tönisvorst
Telephone:02151/9952-0
Telefax: 02151/9952-99
Homepage:
www.puteus.de
E-mail: info@puteus.de
VAT
no.: DE120581001
Company
Name And Address
LEGAL
FORM Private limited company
Date
of foundation: 01.04.1979
Shareholders'
agreement: 01.04.1979
Registered
on: 22.07.1997
Commercial
Register: Local court 47798 Krefeld
under: HRB
9505
Share
capital:
EUR 4,500,000.00
Shareholder:
Hans de Gruyter
D 47800 Krefeld
born: 19.08.1963
Share: EUR 1,499,850.00
Shareholder:
Peter de Gruyter
D 47800 Krefeld
born: 11.10.1966
Share: EUR 1,499,850.00
Shareholder:
Henning de Gruyter
D 57462 Olpe
born: 23.10.1968
Share: EUR 1,499,850.00
Shareholder:
Jutta de Gruyter
Tannenstr. 7
D 40668 Meerbusch
born: 19.09.1937
née: von Platen
Share: EUR 450.00
Manager:
Hans de Gruyter
D 47800 Krefeld
having sole power of
representation
born: 19.08.1963
Manager:
Peter de Gruyter
D 47800 Krefeld
having sole power of
representation
born: 11.10.1966
Profession: Businessman
Marital status: married
Further
functions/participations of Hans de Gruyter (Manager)
General
partner:
Hans de Gruyter und Peter de Gruyter
Tiergartenstr. 88
D 47800 Krefeld
Legal form: Partnership
under the Civil Code
Limited
partner:
Schlösser Armaturen GmbH
& Co. KG
Im Dohm 3
D 57462 Olpe
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 3,850,000.00
contribution:
Share: EUR 1,650,000.00
Registered
on: 28.12.2006
Reg. data: 57072 Siegen, HRA 8076
Limited
partner:
Heinrich Schulte & Sohn
GmbH & Co. KG
Im Dohm 3
D 57462 Olpe
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 2,660,000.00
contribution:
Share: EUR 1,140,000.00
Registered
on: 10.11.2008
Reg. data: 57072 Siegen, HRA 8302
Limited
partner:
TV Logistic & Service
GmbH & Co. KG
Lenenweg 6
D 47918 Tönisvorst
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 500,000.00
contribution:
Share: EUR 250,000.00
Registered
on: 08.12.2006
Reg. data: 47798 Krefeld, HRA 5506
Limited
partner:
Heinrich Schulte GmbH
& Co. KG.
Grünlandweg 11
D 58640 Iserlohn
Legal form: Ltd partnership with priv. ltd.
company as
general partner
Total cap. EUR 525,000.00
contribution:
Share: EUR 225,000.00
Registered
on: 28.10.2003
Reg. data: 58636 Iserlohn, HRA 2276
Limited
partner:
NAW Armaturenwerke GmbH
& Co KG
Lenenweg 6
D 47918 Tönisvorst
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 25,000.00
contribution:
Share: EUR 7,500.00
Registered
on: 17.11.2009
Reg. data: 47798 Krefeld, HRA 5917
Shareholder:
NAW Verwaltungs GmbH
Lenenweg 6
D 47918 Tönisvorst
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 13.11.2009
Reg. data: 47798 Krefeld, HRB 12693
Shareholder:
WS Verwaltungs GmbH
Im Dohm 3
D 57462 Olpe
Legal form: Private
limited company
Share capital: EUR 30,000.00
Share: EUR 9,000.00
Registered
on: 11.03.2004
Reg. data: 57072 Siegen, HRB 7528
Shareholder:
TV Verwaltungs GmbH
Lenenweg 6
D 47918 Tönisvorst
Legal form: Private
limited company
Share capital: EUR 25,500.00
Share: EUR 8,500.00
Registered
on: 23.11.2006
Reg. data: 47798 Krefeld, HRB 11294
Shareholder:
Schulte
Verwaltungsgesellschaft mit
beschränkter Haftung
Im Dohm 3
D 57462 Olpe
Legal form: Private
limited company
Share capital: EUR 26,000.00
Share: EUR 7,800.00
Registered
on: 20.08.2009
Reg. data: 57072 Siegen, HRB 8925
Shareholder:
Heinrich Schulte
Verwaltungsgesellschaft mbH
Grünlandweg 11
D 58640 Iserlohn
Legal form: Private
limited company
Share capital: EUR
25,000.00
Share: EUR 7,500.00
Registered
on: 25.09.2003
Reg. data: 58636 Iserlohn, HRB 2769
Manager:
TV Verwaltungs GmbH
Lenenweg 6
D 47918 Tönisvorst
Legal form: Private
limited company
Share capital: EUR 25,500.00
Registered
on: 23.11.2006
Reg. data: 47798 Krefeld, HRB 11294
Manager:
Schulte
Verwaltungsgesellschaft mit
beschränkter Haftung
Im Dohm 3
D 57462 Olpe
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 20.08.2009
Reg. data: 57072 Siegen, HRB 8925
Manager:
NAW Verwaltungs GmbH
Lenenweg 6
D 47918 Tönisvorst
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 13.11.2009
Reg. data: 47798 Krefeld, HRB 12693
Further
functions/participations of Peter de Gruyter (Manager)
General
partner:
Hans de Gruyter und Peter de
Gruyter
Tiergartenstr. 88
D 47800 Krefeld
Legal form: Partnership
under the Civil Code
Limited
partner:
Schlösser Armaturen GmbH
& Co. KG
Im Dohm 3
D 57462 Olpe
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 3,850,000.00
contribution:
Share: EUR 1,650,000.00
Registered
on: 28.12.2006
Reg. data: 57072 Siegen, HRA 8076
Limited
partner:
Heinrich Schulte &
Sohn GmbH & Co. KG
Im Dohm 3
D 57462 Olpe
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 2,660,000.00
contribution:
Share: EUR 1,140,000.00
Registered
on: 10.11.2008
Reg. data: 57072 Siegen, HRA 8302
Limited
partner:
TV Logistic & Service
GmbH & Co. KG
Lenenweg 6
D 47918 Tönisvorst
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 500,000.00
contribution:
Share: EUR 250,000.00
Registered
on: 08.12.2006
Reg. data: 47798 Krefeld, HRA 5506
Limited
partner:
Heinrich Schulte GmbH
& Co. KG.
Grünlandweg 11
D 58640 Iserlohn
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 525,000.00
contribution:
Share: EUR 225,000.00
Registered
on: 28.10.2003
Reg. data: 58636 Iserlohn, HRA 2276
Limited
partner:
NAW Armaturenwerke GmbH
& Co KG
Lenenweg 6
D 47918 Tönisvorst
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 25,000.00
contribution:
Share: EUR 7,500.00
Registered
on: 17.11.2009
Reg. data: 47798 Krefeld, HRA 5917
Shareholder:
WS Verwaltungs GmbH
Im Dohm 3
D 57462 Olpe
Legal form: Private
limited company
Share capital: EUR 30,000.00
Share: EUR 9,000.00
Registered
on: 11.03.2004
Reg. data: 57072 Siegen, HRB 7528
Shareholder:
TV Verwaltungs GmbH
Lenenweg 6
D 47918 Tönisvorst
Legal form: Private
limited company
Share capital: EUR 25,500.00
Share: EUR 8,500.00
Registered
on: 23.11.2006
Reg. data: 47798 Krefeld, HRB 11294
Shareholder:
Schulte
Verwaltungsgesellschaft mit
beschränkter Haftung
Im Dohm 3
D 57462 Olpe
Legal form: Private
limited company
Share capital: EUR 26,000.00
Share: EUR 7,800.00
Registered
on: 20.08.2009
Reg. data: 57072 Siegen, HRB 8925
Shareholder:
Heinrich Schulte
Verwaltungsgesellschaft mbH
Grünlandweg 11
D 58640 Iserlohn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 7,500.00
Registered
on: 25.09.2003
Reg. data: 58636 Iserlohn, HRB 2769
Manager:
TV Verwaltungs GmbH
Lenenweg 6
D 47918 Tönisvorst
Legal form: Private
limited company
Share capital: EUR 25,500.00
Registered
on: 23.11.2006
Reg. data: 47798 Krefeld, HRB 11294
COMPANY
HISTORY
company
name and legal form
01.04.1997
- 29.09.1998 Puteus Gartenbrunnen GmbH
Lenenweg 6
D 47918 Tönisvorst
Private limited
company
26.02.1993
- 31.03.1997 Puteus Gartenbrunnen GmbH
Gelleper Str. 20
D 47809 Krefeld
Private limited
company
01.04.1979
- 25.02.1993 Puteus Gartenbrunnen GmbH
Tannenstr. 7
D 40668 Meerbusch
Private limited
company
BUSINESS
ACTIVITIES
Main
industrial sector
46693 Wholesale of other equipment and accessories
for machinery and technical supplies
46742 Wholesale of plumbing and heating equipment
and supplies
46903 Non-specialized wholesale trade
FINANCIAL
INFORMATION
Payment
experience: Slow But Correct
Negative
information:We have no negative information at hand.
Balance
sheet year: 2015
REAL
ESTATE
Type
of ownership: Tenant
Address Lenenweg 6
D 47918 Tönisvorst
Land
register documents were not available.
BANKERS
COMMERZBANK
VORMALS DRESDNER BANK, 41404 NEUSS
Sort.
code: 30080000
BIC:
DRESDEFF300
SPARKASSE
NEUSS, 41456 NEUSS
Sort.
code: 30550000
BIC:
WELADEDNXXX
FINANCIAL
FIGURES
Equipment: EUR 241,541.00
Ac/ts
receivable:
EUR 951,520.00
Liabilities: EUR 5,745,905.00
Real
estate of the firm:
EUR 35,888.00
Employees:
21
BALANCE
SHEETS
Balance
sheet ratios 01.01.2015 - 31.12.2015
Equity
ratio [%]: 50.81
Liquidity
ratio: 0.17
Return
on total capital [%]: 4.45
Balance
sheet ratios 01.01.2014 - 31.12.2014
Equity
ratio [%]: 47.95
Liquidity
ratio: 0.23
Return
on total capital [%]: 5.39
Balance
sheet ratios 01.01.2013 - 31.12.2013
Equity
ratio [%]: 43.89
Liquidity
ratio: 0.17
Return
on total capital [%]: 3.55
Equity
ratio
The
equity ratio indicates the portion of the equity as compared
to
the total capital. The higher the equity ratio, the better the
economic
stability (solvency) and thus the financial autonomy of
a
company.
Liquidity
ratio
The
liquidity ratio shows the proportion between adjusted
receivables
and net liabilities. The higher the ratio, the lower
the
company's financial dependancy from external creditors.
Return
on total capital
The
return on total capital shows the efficiency and return on
the
total capital employed in the company. The higher the return
on
total capital, the more economically does the company work
with
the invested capital.
Financials
Type
of balance
sheet: Company balance sheet
Origin
of the present
balance
sheet: electronic German Federal
Gazette
Financial
year: 01.01.2015 - 31.12.2015
ASSETS EUR 11,869,244.52
Fixed assets EUR 779,600.21
Intangible assets EUR 5,368.00
Tangible assets EUR 277,428.50
Land / similar rights EUR 35,888.00
Other tangible assets / fixtures and
fittings EUR 241,540.50
Financial assets EUR 496,803.71
Shares in participations /
subsidiaries and the like EUR 496,803.71
Shares in investee companies EUR 496,803.71
Current assets EUR 11,089,644.31
Stocks EUR 10,071,485.36
Accounts receivable EUR 951,519.80
Other debtors and assets EUR 951,519.80
Liquid means EUR 66,639.15
LIABILITIES EUR 11,869,244.52
Shareholders' equity EUR 6,032,239.58
Capital EUR 4,500,000.00
Subscribed capital (share capital) EUR
4,500,000.00
Balance sheet profit/loss (+/-) EUR 1,532,239.58
Profit / loss brought forward EUR 1,004,656.44
Annual surplus / annual deficit EUR 527,583.14
Provisions EUR 91,100.00
Liabilities EUR 5,745,904.94
Financial debts EUR 5,284,290.71
Liabilities due to banks EUR 5,284,290.71
Other liabilities EUR 461,614.23
Trade creditors (for IAS incl. bills
of exchange) EUR 37,957.86
Unspecified other liabilities EUR 423,656.37
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Gross result (+/-) EUR 3,972,051.13
Staff expenses EUR 1,354,138.60
Wages and salaries EUR 1,239,524.22
Social security contributions and
expenses for pension plans and
benefits EUR 114,614.38
Total depreciation EUR 118,390.09
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 118,390.09
Other operating expenses EUR 1,649,170.05
Operating result from continuing
operations EUR 850,352.39
Interest result (+/-) EUR -97,468.79
Interest and similar income EUR 12,567.31
Interest and similar expenses EUR 110,036.10
Other financial result EUR 25,191.39
Income from securities and loans from
financial assets EUR 25,191.39
Financial result (+/-) EUR -72,277.40
Result from ordinary operations (+/-) EUR 778,074.99
Other taxes / refund of taxes EUR -250,491.85
Tax (+/-) EUR -250,491.85
Annual surplus / annual deficit EUR 527,583.14
Type
of balance
sheet: Company balance sheet
Origin
of the present
balance
sheet: electronic German Federal
Gazette
Financial
year: 01.01.2014 - 31.12.2014
ASSETS EUR 12,516,636.98
Fixed assets EUR 825,957.21
Intangible assets EUR 9,294.00
Other / unspecified intangible
assetsEUR 9,294.00
Tangible assets EUR 319,859.50
Land / similar rights EUR 74,614.50
Other tangible assets / fixtures and
fittings EUR 245,245.00
Financial assets EUR 496,803.71
Shares in participations /
subsidiaries and the like EUR 496,803.71
Shares in investee companies EUR 496,803.71
Current assets EUR 11,666,233.77
Stocks EUR 10,174,129.10
Accounts receivable EUR 1,443,753.67
Other debtors and assets EUR 1,443,753.67
Liquid means EUR 48,351.00
Remaining other assets EUR 24,446.00
Accruals (assets) EUR 24,446.00
LIABILITIES EUR 12,516,636.98
Shareholders' equity EUR 6,004,656.44
Capital EUR 4,500,000.00
Subscribed capital (share capital) EUR
4,500,000.00
Balance sheet profit/loss (+/-) EUR 1,504,656.44
Profit / loss brought forward EUR 830,291.70
Annual surplus / annual deficit EUR
674,364.74
Provisions EUR 204,683.32
Liabilities EUR 6,307,297.22
Financial debts EUR 5,890,253.88
Liabilities due to banks EUR 5,890,253.88
Other liabilities EUR 417,043.34
Trade creditors (for IAS incl. bills
of exchange) EUR 298,066.83
Unspecified other liabilities EUR 118,976.51
thereof liabilities from tax /
financial authorities EUR 101,823.94
thereof liabilities from social
security EUR 612.25
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Gross result (+/-) EUR 4,188,375.12
Staff expenses EUR 1,348,386.83
Wages and salaries EUR 1,230,382.13
Social security contributions and
expenses for pension plans and
benefits EUR 118,004.70
Total depreciation EUR 135,762.75
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 135,762.75
Other operating expenses EUR 1,524,135.18
Operating result from continuing
operations EUR 1,180,090.36
Interest result (+/-) EUR -173,884.75
Interest and similar expenses EUR 173,884.75
Financial result (+/-) EUR -173,884.75
Result from ordinary operations (+/-) EUR
1,006,205.61
Income tax / refund of income tax
(+/-)EUR -320,278.08
Other taxes / refund of taxes EUR -11,562.79
Tax (+/-) EUR -331,840.87
Annual surplus / annual deficit EUR 674,364.74
Inconsistent
balance sheets:
Financial
year
published on
01.01.2012
- 31.12.2012
12.05.2014
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.66 |
|
|
1 |
INR 90.65 |
|
Euro |
1 |
INR 79.70 |
|
Euro |
1 |
INR 80.02 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
KET |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.