Exhibit 21

SCHEDULE OF SUBSIDIARIES OF BRADY CORPORATION

		Percentage
		of Voting
	State (Country)	Securities
Name of Company	of Incorporation	Owned
Brady Corporation	Wisconsin		Parent
Tricor Direct Inc. —	Delaware		100	%
Doing Business As:
Seton
Seton Name Plate Company
D&G Sign and Label Co.
Seton Identification Products
Worldmark of Wisconsin Inc.	Delaware		100	%
Brady Investment Co.	Nevada		100	%
EMED Co., Inc.	New York		100	%
Stopware, Inc.	California		100	%
Permar Sytems, Inc. —	New York		100	%
Doing Business As Electromark
Henryc, Inc. (U.S.)	New York		100	%
Oliver of New York (U.S.)	New York		100	%
AIO Holding Inc.	Delaware		100	%
Doing Business As Personnel Concepts
AIO Acquisition Inc.	Delaware		100	%
TruMed Technologies, Inc.	Minnesota		100	%
IDenticard Systems Worldwide, Inc.	Pennsylvania		100	%
Brady Mexico Holding LLC	Delaware		100	%
Brady People Identification LLC	Wisconsin		100	%
Comprehensive Identification Products, Inc.	Massachusetts		100	%
PV Acquisitions, LLC	Delaware		100	%
Scafftag Inc.	Texas		100	%
Sorbent Products Co. Inc.	New Jersey		100	%
Global Sorbent Sales LLC	New Jersey		100	%
Brady Precision Converting, LLC	Wisconsin		100	%
Clement Communications, Inc.	Pennsylvania		100	%
Visual Wear LLC	Massachusetts		100	%
Brady International Sales, Inc.	U.S. Virgin Islands		100	%
Brady International Co.	Wisconsin		100	%
Brady Worldwide, Inc.	Wisconsin		100	%
Also Doing Business As:
Varitronic Systems
Teklynx International
Temtec
Brady Australia Pty. Ltd.	Australia		100	%
Seton Australia Pty. Ltd.	Australia		100	%
Accidental Health & Safety Pty. Ltd.	Australia		100	%
Trafalgar First Aid Pty. Ltd.	Australia		100	%
Carroll Australasia Pty. Ltd.	Australia		100	%
Scafftag Australia Pty. Ltd.	Australia		100	%
Sorbent Products Company International BVBA	Belgium		100	%
W.H. Brady, N.V.	Belgium		100	%
W.H.B. do Brasil Ltda.	Brazil		100	%
Tradex do Brasil Ltda.	Brazil		100	%

		Percentage
		of Voting
	State (Country)	Securities
Name of Company	of Incorporation	Owned
Asterisco Artes Graficas Ltda	Brazil		100	%
W.H.B. Identification Solutions, Inc. —	Canada		100	%
Doing Business As:
Brady
GrafTek
Revere-Seton
Seton
Identicam Systems Inc.	Canada		100	%
BRC Financial	Canada		100	%
Brady (Shanghai) International Trading Co., Ltd.	China		100	%
Brady Technology (Wuxi) Co. Ltd.	China		100	%
Brady (Beijing) Co. Ltd.	China		100	%
Brady (Shenzhen) Co., Ltd.	China		100	%
Brady (Dongguan) Co., Ltd.	China		100	%
Suzhou Dicel EMC Co., Ltd.	China		100	%
Tradex Converting (Langfang) Co., Ltd.	China		100	%
Brady Technology (Suzhou) Co., Ltd.	China		100	%
CIPI Xiamen, Ltd.	China		100	%
PanYu Meixin Metal Company Ltd.	China		100	%
Brady Holdings Danmark ApS	Denmark		100	%
Brady A.S (Denmark)	Denmark		100	%
Braton Europe S.A.R.L	France		100	%
Braton Groupe S.A.R.L	France		100	%
Doing Business As:
Brady
Techniques Avancees
Holman
Periprint
Brady Group S.A.S	France		100	%
Doing Business As:
Seton
Signals & Lettrasoft
Brady Holding GmbH	Germany		100	%
Brady GmbH	Germany		100	%
Doing Business As:
Seton
Balkhausen
Brady ISST
Soft & Etimark
Quo-Luck Company Limited	Hong Kong		100	%
Bakee Metal Manufactory Company Limited	Hong Kong		100	%
Brady Corporation Hong Kong Limited	Hong Kong		100	%
Brady Company India Pte. Ltd.	India		100	%
Brady Italia, SRL	Italy		100	%
Modernotecnica SRL	Italy		100	%
Nippon Brady K.K.	Japan		100	%
Brady Luxembourg SARL	Luxembourg		100	%
Brady Technology SDN, BHD	Malaysia		100	%
W. H. Brady S. de R.L. de C.V.	Mexico		100	%
Brady Servicios, S. de R.L. de C.V.	Mexico		100	%
Brady B.V.	Netherlands		100	%
CIPI Europe, B.V.	Netherlands		100	%
Brady A.S. (Norway)	Norway		100	%
Brady Philippines Direct Marketing Inc.	Philippines		100	%
Brady Corporation S.E.A. Pte. Ltd.	Singapore		100	%
Brady Corporation Asia Pte. Ltd.	Singapore		100	%
Brandon Precision Pte. Ltd.	Singapore		100	%
Brady Technologies Asia Pte. Ltd.	Singapore		100	%

		Percentage
		of Voting
	State (Country)	Securities
Name of Company	of Incorporation	Owned
Brady Asia Holding Pte. Ltd.	Singapore		100	%
Brady Singapore Holdings Pte. Ltd.	Singapore		100	%
ID Technologies Pte. Ltd.	Singapore		100	%
ID Technologies (China) Pte. Ltd.	Singapore		100	%
Brady S.R.O.	Slovakia		100	%
Brady Korea Co., Ltd.	South Korea		100	%
Brady Identification S.L.	Spain		100	%
Brady AB	Sweden		100	%
Brady Trading AB	Sweden		100	%
Brady Sweden Holding AB	Sweden		100	%
Brady Holding AB	Sweden		100	%
Brady Converting AB	Sweden		100	%
Tradex AB	Sweden		100	%
Brady Holding Co. Ltd.	Thailand		49	%(1)
Brady (Thailand) Co. Ltd.	Thailand		100	%
Q.D.P.T. (Thailand) Co., Ltd.	Thailand		100	%
Brady (Turkey) Ltd.	Turkey		100	%
B.I. U.K. Limited	United Kingdom		100	%
B.I. Financial Limited	United Kingdom		100	%
Seton Limited	United Kingdom		100	%
W.H. Brady Co. Ltd.	United Kingdom		100	%
Brady Corporation Limited	United Kingdom		100	%
Brady European Finance Limited	United Kingdom		100	%
Brady European Holdings Limited	United Kingdom		100	%
Cleere Advantage Limited	United Kingdom		100	%
Focal Display Limited	United Kingdom		100	%
Focal Signs Limited	United Kingdom		100	%
S & L Signmaker Limited	United Kingdom		100	%
Safety Shop Limited	United Kingdom		100	%
Safety Shop Co. U.K. Limited	United Kingdom		100	%
Signs & Labels Limited	United Kingdom		100	%
Southern Signs Systems Limited	United Kingdom		100	%
Esot Limited	United Kingdom		100	%
Scafftag Limited	United Kingdom		100	%
Safetrak Limited	United Kingdom		100	%
Scafftag USA Limited	United Kingdom		100	%
Pure Vantage	United Kingdom		100	%
Rapid Update	United Kingdom		100	%

(1) Brady Corporation owns 49% of the outstanding shares of Brady Holding Co. Ltd., but Brady Corporation maintains controlling voting rights. The 51% owner holds preferred shares, which entitle it to one vote for every 20 shares. Brady Corporation holds common shares, which entitle it to one vote for every one share. The preferred shareholder’s share of the net income in Brady Holding Co. Ltd is limited to recovery of its initial investment.