<DOCUMENT>
<TYPE>EX-21.1
<SEQUENCE>11
<FILENAME>listofsubsidiaries.txt
<DESCRIPTION>LIST OF SUBSIDIARIES
<TEXT>
                                  EXHIBIT 21.1
                              LIST OF SUBSIDIARIES


                                        Country of                Percentage
Name                                    Incorporation             Owned
----                                    -------------             ----------
International SMC (HK) Limited          Hong Kong                 100%

</TEXT>
</DOCUMENT>
