MIRA INFORM REPORT
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Report Date : |
19.09.2011 |
IDENTIFICATION DETAILS
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Name : |
SHURSEAL INDUSTRIES LIMITED |
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Registered Office : |
9762 45 Ave NW, Edmonton, AB T6E 5C5 |
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Country : |
Canada |
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Date of Incorporation : |
Not Available |
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Legal Form : |
Private Independent Company |
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Line of Business : |
manufacturing gaskets, gasketing materials, compression
packings, mold packings, oil seals, and mechanical seals |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Status : |
Small Company |
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Payment
Behaviour : |
Usually Correct |
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Litigation : |
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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, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Canada |
a1 |
a1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
Shurseal Industries Limited
9762 45 Ave NW
Edmonton, AB T6E 5C5
Canada
Tel: 780-435-3771
Fax: 780-435-7173
Synthesis
Employees: 7
Company Type: Private Independent
Financials in: USD
(Millions)
Reporting Currency: Canadian
Dollar
Annual Sales: 1.9
Total Assets: NA
Business Description
Establishments primarily engaged in manufacturing gaskets, gasketing
materials, compression packings, mold packings, oil seals, and mechanical
seals. Included are gaskets, packing, and sealing devices made of leather,
rubber, metal, asbestos, and plastics.
Industry
Industry Fabricated Plastic and Rubber
ANZSIC 2006: 2599 - Other
Manufacturing Not Elsewhere Classified
NACE 2002: 2924 - Manufacture
of other general purpose machinery not elsewhere classified
NAICS 2002: 339991 - Gasket,
Packing, and Sealing Device Manufacturing
UK SIC 2003: 2924 - Manufacture
of other general purpose machinery not elsewhere classified
US SIC 1987: 3053 - Gaskets,
Packing, and Sealing Devices
Key Executives
Name Title
Richard Pangrass President
1 - Profit & Loss Item Exchange Rate: USD 1 = CAD 1.016733
2 - Balance Sheet Item Exchange Rate: USD 1 = CAD 0.96445
Corporate Overview
Location
9762 45 Ave NW
Edmonton, AB, T6E 5C5
Canada
Tel: 780-435-3771
Fax: 780-435-7173
Sales CAD(mil): 2.0
Assets CAD(mil): NA
Employees: 7
Industry: Fabricated
Plastic and Rubber
Company Type: Private
Independent
Quoted Status: Not
Quoted
President: Richard
Pangrass
Contents
· Industry Codes
· Business Description
· Financial Data
· Additional Information
Industry Codes
ANZSIC 2006 Codes:
3419 - Other Specialised Industrial Machinery and Equipment
Wholesaling
2599 - Other Manufacturing Not Elsewhere Classified
NACE 2002 Codes:
2924 - Manufacture of other general purpose machinery not
elsewhere classified
5187 - Wholesale of other machinery for use in industry, trade and
navigation
NAICS 2002 Codes:
339991 - Gasket, Packing, and Sealing Device Manufacturing
423840 - Industrial Supplies Merchant Wholesalers
US SIC 1987:
5085 - Industrial Supplies
3053 - Gaskets, Packing, and Sealing Devices
UK SIC 2003:
5187 - Wholesale of other machinery for use in industry, trade and
navigation
2924 - Manufacture of other general purpose machinery not
elsewhere classified
Business
Description
Establishments primarily engaged in manufacturing gaskets, gasketing
materials, compression packings, mold packings, oil seals, and mechanical
seals. Included are gaskets, packing, and sealing devices made of leather,
rubber, metal, asbestos, and plastics.
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Credit Report as of 04/01/2011
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Location |
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9762 45 Ave NW |
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County: |
Division 11 |
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Phone: |
780-435-3771 |
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Fax: |
780-435-7173 |
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ABI©: |
011404639 |
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Annual Sales: |
$1,953,000 (CAD) |
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Employees: |
7 |
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Business Type: |
Private |
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Location Type: |
Single Location |
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Recommended
Credit Limit * |
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N/A |
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Primary Line of
Business: |
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SIC: |
3053-02 - Gaskets-Manufacturers |
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NAICS: |
339991 - Gasket, Packaging, & Sealing Device Mfg |
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Secondary Lines
of Business: |
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SICs: |
5085-15 - Gaskets (Whls) |
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NAICS: |
423840 - Industrial Supplies Merchant Whols |
Table of Contents
Profile Links
Similar Businesses in the Area
Disclaimer
External Links
Similar Businesses in the Area *
A R Thomson Group
10030 31 Ave NW
Edmonton, AB T6N 1G4
A R Thomson Group
230 Mackay Cres Ste:F
Fort Mcmurray, AB T9H 5C6
A R Thomson Group
9602 113 St
Grande Prairie, AB T8V 4Z7
AIT Canada
8117 102 Ave
Peace River, AB T8S 1M6
Norseman Inc
2726 45 Ave SE Ste:146
Calgary, AB T2B 3M1
Robco Inc
8724 53 Ave NW
Edmonton, AB T6E 5G2
* Similar Businesses are
defined as the closest businesses sharing the same six-digit primary SIC code (
3053-02 - Gaskets-Manufacturers) regardless of size.
Executive report
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Executives |
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President |
President |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.47 |
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UK Pound |
1 |
Rs.74.96 |
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Euro |
1 |
Rs.65.79 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.