<DOCUMENT>
<TYPE>EX-21.1
<SEQUENCE>6
<FILENAME>subsidiaries.txt
<DESCRIPTION>SUBSIDIARIES LIST
<TEXT>
                                  EXHIBIT 21.1

                              LIST OF SUBSIDIARIES


                                            Country of              Percentage
         Name                              Incorporation              Owned
         ----                              -------------              -----

International SMC (HK) Limited.              Hong Kong                 100%


</TEXT>
</DOCUMENT>
