MIRA INFORM REPORT

Report No. :	498814
Report Date :	20.03.2018

IDENTIFICATION DETAILS

Name :	SHELL-O-MATIC INC
Registered Office :	10600 boul. Sainte-Gertrude, Montréal (Québec) H1G5N4
Country :	Canada
Financials (as on) :	2016
Date of Incorporation :	09.03.1995
Legal Form :	Joint stock company or company
Line of Business :	Subject is creates customized automation solutions for foundries across the world.
No. of Employees :	45

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Satisfactory
Payment Behaviour :	No Complaints
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)
Canada	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	D

CANADA - ECONOMIC OVERVIEW

Canada resembles the US in its market-oriented economic system, pattern of production, and high living standards. Since World War II, the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. Canada has a large oil and natural gas sector with the majority of crude oil production derived from oil sands in the western provinces, especially Alberta. Canada now ranks third in the world in proved oil reserves behind Venezuela and Saudi Arabia and is the world’s sixth-largest oil producer.

The 1989 Canada-US Free Trade Agreement and the 1994 North American Free Trade Agreement (which includes Mexico) dramatically increased trade and economic integration between the US and Canada. Canada and the US enjoy the world’s most comprehensive and highly balanced bilateral trade and investment relationship, with merchandise trade of $544 billion in 2016, services trade of over $80 billion, and two-way investment stocks of nearly $700 billion. Over three-fourths of Canada’s exports are destined for the US each year. Canada is the largest foreign supplier of energy to the US, including oil, natural gas, and electric power, and a top source of US uranium imports.

Given its abundant natural resources, highly skilled labor force, and modern capital stock, Canada enjoyed solid economic growth from 1993 through 2007. The global economic crisis of 2007-08 moved the Canadian economy into sharp recession by late 2008, and Ottawa posted its first fiscal deficit in 2009 after 12 years of surplus. Canada's major banks emerged from the financial crisis of 2008-09 among the strongest in the world, owing to the financial sector's tradition of conservative lending practices and strong capitalization. Since the fall in world oil prices in 2014, Canada has achieved modest economic growth.

Source : CIA

STATUTORY INFORMATION
Legal Name:	SHELL-O-MATIC INC
Trade Name:	SHELL-O-MATIC INC
ID:	1143439934
Date Created:	1978
Date Incorporated:	1995-03-09
Legal Address:	10600 boul. Sainte-Gertrude Montréal (Québec) H1G5N4 Canada
Operative Address:	10600 boul. Sainte-Gertrude Montréal (Québec) H1G5N4 Canada
Telephone:	(514) 323-0868
Fax:	(514) 329-3672
Legal Form:	Joint stock company or company
Email:	info@shellomatic.com
Registered in:	CANADA
Website:	www.shellomatic.com
Contact:	SAMUEL BEAUDOIN – General Manager
Staff:	45
Activity:	NAICS 1: All Other Miscellaneous General Purpose Machinery Manufacturing SIC 1: Robots, Assembly Line: Industrial And Commercial
Banks:	The company does not disclose its banking details.
History:	The company was founded in 1978.
Parent Company:	The major holder of this company is: 9495835 CANADA INC. 10600 boul. Sainte-Gertrude Montréal (Québec) H1G5N4 Canada
PRINCIPAL ACTIVITY
	Shell-O-Matic Inc. creates customized automation solutions for foundries across the world.
Products/Services description:	The company offers Robots, Supervisory, Shell room products Safety, Drying systems, Wax delivery systems, Cleaning and Spare parts.
Brands:	SHELL-O-MATIC
Sales are:	Wholesale
Clients:	Gaet Corporation Hitchiner Sa De Cv Chengdu Aerospace Superalloy Technology Co Ltd Xi'an Suntimes Imp. Shenyang Research Institute Of Chemical Industry Co., Ltd. Investment Precision Castings Ltd.
Suppliers:	Spinner Werkzeugmaschinenfabrik Hitchiner Manufacturing VA Technology Ltd
Operations area:	National and International
The company imports from	GERMANY USA UNITED KINGDOM
The company exports to	VIETNAM MEXICO CHINA INDIA
The subject employs	45 employees
Payments:	No Complaints
LOCATION
Headquarters :	10600 boul. Sainte-Gertrude Montréal (Québec) H1G5N4 Canada
Comments on Address:	-
Branches:	No other branches were found.
Related Companies:	No related companies were found.
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders:	The major holder of this company is: 9495835 CANADA INC. 10600 boul. Sainte-Gertrude Montréal (Québec) H1G5N4 Canada
Management:	SAMUEL BEAUDOIN – General Manager GEORGE MURI - Founder and president
FINANCIAL INFORMATION
	The company does not make its financial statements public. The following information has been provided by private sources:
USD 2016
Sales	5.250.000
Cash flow	Normal
LEGAL FILINGS
PATENTS	Rainfall sander Patent number: 4440806 Abstract: This invention provides a distribution system suitable for coating articles placed in a given area with particulate material in a substantially uniform manner. The system comprises a plurality of arms which are provided with an inlet opening and a discharge opening. The arms are mounted for rotation about a central axis in conjunction with means for dividing and feeding a supply of particulate material from a source thereof into said inlet openings of the arms. The discharge opening is located on each of the arms in such manner so as to permit discharge of the particulate material from each arm over the given area, whereby when the arms rotate in conjunction with the dividing and feeding means, a supply of particulate material is divided and fed into the inlet openings of the arms and is discharged through the discharge opening. In this manner, a substantially uniform shower of the particulate material is provided over the given area. Type: Grant Filed: July 13, 1982 Date of Patent: April 3, 1984 Assignee: Shell-O-Matic Inc. Inventor: Georges Muri
GOVERNMENT CONTRACTS	No records found.
CASES	1. Witczak et Shell-O-Matic Inc., 2000 CanLII 34929 (QC CLP) — 2000-06-05 Commission des lésions professionnelles du Québec — Quebec travailleur — syndrome fémoro-patellaire — lésions professionnelles — genou — rechute
TRADEMARKS	No records found.
RENEWAL HISTORY	Type of document Date of filing Current update statement 2017-04-02 2016 ANNUAL UPDATE DECLARATION 2016-02-23 2015 ANNUAL UPDATE STATEMENT 2015-06-02 2014 ANNUAL UPDATE STATEMENT 2014-04-04 Current Update Statement 2013-11-26 2013 ANNUAL UPDATE STATEMENT 2013-04-04 2012 ANNUAL UPDATE DECLARATION 2012-06-04 2011 ANNUAL UPDATE STATEMENT 2011-05-30 Statement and Information Return 2010 2010-07-28 Statement and Information Return 2009-04-04-15 Amending Declaration 2008-12-09 Amendment correction / Act of regularization 2008-10-27 Statement and Information Return 2008 2008-07-12 Annual Return 2007 2007-08-30 Annual Return 2006 2006-09-20 Modification correction / Act of regularization 2006-09-20 Annual Return 2005 2006-03-09 Annual Notification 2004 2005-03-01 Annual Return 2003 2004-01-29 Annual Return 2002 2003-01-31 Annual Return 2001 2001-12-20 Annual Return 2000 2000-11-07 Amending Declaration 2000-03-16 1999 Annual Return 1999-10-23 Annual Return 1998 1998-10-14 Annual Return 1997 1997-12-09 Annual Return 1996 1996-12-02 Annual Return 1995 1995-12-04 Declaration of Registry 1995-03-09
UCC	No records found.
OFAC Sanctions List Search	The company is not listed in the OFAC list.
SUMMARY
	Founded in 1978, Shell-O-Matic Inc is a small organization in the general industrial machinery manufacturers industry located in Montréal-Nord, Canada. It has approximately 45 full-time employees and generates an estimated $5.2 million in annual revenue. The company operates nationally and internationally, mainly importing from Germany, USA and United Kingdom. It is ACTIVE in business with no negative records.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	No Complaints
CASH FLOW	Normal
STATUS	Active
INTERVIEW
NAME	Jean
POSITION	Operations
COMMENTS	He confirmed the name of the company, the address of the headquarters and location, the date of creation of the company, the number of employees and the name of the General Manager.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.04
UK Pound	1	INR 90.56
Euro	1	INR 79.78
CAD	1	INR 49.88

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	VIV
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)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.