Indenture of Trust dated July 1, 1988 between Village of Addison,
Dupage County, Illinois and such Trustee, in the stated amount of $1,250,625.00
as of the Effective Date.
Schedule 9.2
List of Subsidiaries
As of 5/15/03
Investment
Owned By
Percent
Ownership
Jurisdiction of Organization
Allfax Paper Products, Limited
GBC (United Kingdom) Limited
100
United Kingdom
Allfax UK, Limited
GBC (United Kingdom) Limited
100
United Kingdom
Compania Papelera Marmo S.A.
de C.V.
Grupo GBC S.A. de C.V.
General Binding Corporation GBC International, Inc.
VeloBind, Incorporated
93.17592
3.41204
1.70602
1.70602
Mexico
**GBC Asia Pte. Ltd.
GBC International, Inc.
100
Singapore
* * *
GBC Australia Pty. Limited
GBC International, Inc.
GBC United Kingdom Holdings, Ltd.
79
21
Australia
GBC Basingstoke Limited
GBC (United Kingdom) Limited
100
United Kingdom
***GBC Canada, Inc.
GBC International, Inc.
100
Canada
**GBC Deutschland GmbH
General Binding Corporation
100
Germany
*GBC/Fordigraph Pty. Limited
GBC Australia Pty. Limited
100
Australia
**GBC France S.A.S.
GBC International, Inc.
General Binding Corporation
99.94754
0.05246
France
**GBC General Binding Polska Sp.z.o.o.
GBC International, Inc.
General Binding Italia S.r.l.
98.75
1.25
Poland
GBC Handelsgesellschaft m.b.H.
GBC Nederland B.V.
100
Austria
1
GBC India Holdings Inc.
GBC International, Inc.
100
Nevada
GBC International Finance Company
GBC Nederland B.V.
GBC Handelsgesellschaft m.b.H.
0.25
99.75
Ireland
*GBC International, Inc.
General Binding Corporation
100
Nevada
**GBC International Services S.P.R.L.
GBC International, Inc.
General Binding Corporation
99.8667
0.1333
Belgium
***GBC Japan K.K.
GBC International, Inc.
100
Japan
GBC Mexicana S.A. de C.V.
Grupo GBC S.A. de C.V.
General Binding Corporation GBC International, Inc.
VeloBind, Incorporated
96.44
1.78
0.890
0.890
Mexico
***GBC Nederland B.V.
GBC International, Inc.
100
Netherlands
GBC New Zealand Limited
GBC Australia Pty. Limited
100
New Zealand
GBC Scandinavia AB
Ibico GmbH
GBC International, Inc.
75
25
Sweden
*GBC (Schweiz) GmbH
(f.k.a. Ibico Trading GmbH)
Ibico GmbH
General Binding Schweiz AG
79.3
20.7
Switzerland
***GBC United Kingdom Holdings, Ltd.
GBC International, Inc.
General Binding Corporation
98.5074
1.4926
United Kingdom
*GBC (United Kingdom) Limited
GBC United Kingdom
Holdings, Ltd.
Ibico GmbH
94.3503
5.6497
United Kingdom
General Binding Iberia, S.A.
Ibico GmbH
100
Spain
***General Binding Italia S.r.l.
GBC International, Inc.
Ibico GmbH
General Binding Corporation
99.65025
0.34880
0.00095
Italy
2
**General Binding Schweiz AG
(f.k.a. GBC Schweiz A.G.)
GBC International, Inc.
100
Switzerland
**Grupo GBC S.A. de C.V.
General Binding Corporation
GBC International, Inc.
VeloBind, Incorporated
58.972
20.517
20.511
Mexico
**Hwa Seung GBC Co., Ltd. (a.k.a. GBC Asia Film Group Co. Ltd.)
General Binding Corporation
HS Industries, Inc.
80
20
South Korea
**Ibico AG
GBC International, Inc.
100
Switzerland
***Ibico GmbH
GBC International, Inc.
65
Switzerland
Ibico GmbH Holdings LLC
35
Nevada
*Ibico GmbH Holdings LLC
GBC International, Inc.
100
Nevada
Ibico Holdings Singapore Pte.
Ltd.
Ibico GmbH
100
Singapore
Ibico Portuguesa Lda.
Ibico GmbH
100
Portugal
Ibico Singapore Pte. Ltd.
Ibico Holdings Singapore Pte. Ltd.
100
Singapore
Mirabeau Contract Sales, Limited
GBC (United Kingdom) Limited
100
United Kingdom
**PBB&R S.A. de C.V.
GBC International, Inc.
General Binding Corporation
VeloBind, Incorporated
97
2
1
Mexico
Plastic Binding Corporation