EXHIBIT 21
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SUBSIDIARIES OF THE BRINK'S COMPANY
AS OF DECEMBER 31, 2004
(Percentage of Voting Securities 100% unless otherwise noted)
Jurisdiction
Company of Incorporation
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The Pittston Company (Delaware) Delaware
Glen Allen Development, Inc. Delaware
Liberty National Urban Renewal Development Company, LLC (32.5%) Delaware
New Liberty Residential Company, LLC (17.5%) New Jersey
Pittston Services Group, Inc. Virginia
Brink's Holding Company Delaware
Brink's Home Security, Inc. Delaware
Brink's Guarding Services, Inc. Delaware
Brink's Home Security Canada Limited Canada
Brink's, Incorporated ("BI") Delaware
Brellis Partners, L.P. (50% Partnership BI) Virginia
Brink's Antigua Ltd. (47% BI) Antigua
Brink's Express Company Illinois
Security Services (Brink's Jordan) Company Ltd. (45%) Jordan
Brink's (Liberia) Inc. (98.04%) Liberia
Servicio Pan Americano de Proteccion S.A. ("Serpaprosa") (20% by Trust,
BI is Settlor of Trust) Mexico
Canamex (51% Serpaprosa) Mexico
Inmobiliaria, A.J., S.A. de C.V. (99.9% Serpaprosa) Mexico
Productos Pan Americano de Proteccion, S.A. de C.V. (99.9% Serpaprosa) Mexico
Operadora Especializada de Transportes, S.A. de C.V. Mexico
Procesos Integrales en Distribucion y Logistica, S.A. de C.V.
(99.9% Serpaprosa) Mexico
Brink's St. Lucia Ltd. (26.3% BI) St. Lucia
Brink's Security International, Inc. ("BSI") Delaware
Brink's Brokerage Company, Inc. Delaware
Brink's C.l.S., Inc. Delaware
Brink's Global Services USA, Inc. Delaware
Brink's Global Services International, Inc. Delaware
Brink's Global Services KL, Inc. Delaware
Brink's International Management Group, Inc. Delaware
Brink's Network, Incorporated Delaware
Brink's Vietnam, Incorporated Delaware
Brink's Philippines, Inc. Delaware
Brink's Argentina S.A. (BI owns 4.3%) Argentina
Brink's Asia Pacific Limited (99%, BI owns 1%) Hong Kong
Brink's Asia Pacific Pty Ltd. Australia
Brink's Australia Pty. Limited Australia
A.C.N. 081 163 108 Pty Ltd. Australia
Brink's Europe N.V. Belgium
Brink's Belgium S.A. Belgium
Cavalier Insurance Company, Ltd. Bermuda
Brink's Bolivia S.A. (99.68%, BI owns .32%) Bolivia
Jurisdiction
Company of Incorporation
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Brink's Global Services FZE Dubai (UAE)
Brink's EMEA SAS France
Brink's France S.A. (99.98%) France
GIE Armonia France
Brink's Antilles Guyanne, SARL (nominal interest
held by Brink's Evolution) Guadeloupe
Brink's Controle Securite, SARL (nominal interest
held by Brink's Evolution) France
Brink's Controle Securite Reunion, SARL (nominal
interest held by Brink's Evolution) St. Denis
Brink's Evolution, SARL (nominal interest held by
Brink's Guard) France
Brink's Formation, SARL (nominal interest
held by Brink's Evolution) France
Brink's Guard, SARL (nominal interest
held by Brink's Evolution) France
Brink's Services, SARL (nominal interest
held by Brink's Evolution) France
Assistance Securite Aeroportuaire SARL (nominal interest
held by Brink's Evolution) France
Brink's Maroc (65%) Morocco
Brink's Protection Privee SA France
Brink's Reunion, SARL (nominal interest
held by Brink's Evolution) St. Denis
Brink's Recherche et Developpement (nominal interest
held by Brink's Guard) France
Protecval SARL France
O.T.G.S., S.A. France
Marteenval, N.V. Neth. Antilles
Brink's Beteiligungsgesellschaft mbH ("BBmbH") (BI owns 1%) Germany
Brink's Verwaltungsgesellschaft mbH ("BVmbH")(99.9%) Germany
Brink's - Deutscheland GMBH (BBmbH 99.9%, BVmbH .1%) Germany
Brink's Sicherheit GmbH Germany
Security Consulting & Services GmbH Germany
Brink's Far East Limited (99.99% Bl.01%) Hong Kong
Brink's Arya India Private Limited (40%) India
Brink's Allied Ltd. (50%) Ireland
Brink's Ireland Ltd. Ireland
Allied Couriers Ltd. Ireland
Brink's-Team 3 Limited (99.9%) Ireland
Brink's Holdings Limited Israel
Brink's Israel, Ltd. (70%) Israel
Courier Services, Ltd. (99.9%) Israel
Brink's Diamond & Jewelery Services (International) (1993) Ltd.
(99.9% Bl.1%) Israel
Brink's Global Services, S.r.l.(99.99% Bl .01%) Italy
Brink's Japan Limited Japan
Brink's Luxemborg SA Luxemborg
Brink's Global Services, S.A. de C.V. (98%, BI owns 2%) Mexico
Brink's International, C.V. (BSI is General Partner) Netherlands
Brink's Chile S.A. (73.95% beneficial owner) Chile
Brink's de Colombia, S.A. (58% beneficial owner) Colombia
Domesa de Colombia S.A. (69.99%, 30% Bolivar Business) Colombia
Procesos & Canje S.A. (49.99%) Colombia
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Jurisdiction
Company of Incorporation
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Brink's Canada Holdings, B.V. Netherlands
Brink's Canada Limited Canada
Brink's Security Company, Limited Canada
Centro Americana de Inversiones Balboa C.A. (beneficial owner) Panama
Hermes Transporte Blindados S.A. (31.04% by Centro, 4.9% BI) Peru
Brink's Dutch Holdings, B.V. Netherlands
Brink's Hellenic Holdings, B.V. ("BHH") Netherlands
Athena Marathon Holdings, B.V. ("AMH") Netherlands
Apollo Acropolis Holdings, B.V. ("AAH") Netherlands
Hermes Delphi Holdings, B.V, ("HDH") Netherlands
Zeus Oedipus Holdings, B.V. ("ZOH") Netherlands
Hellenic Brink's Commercial Societe Anonyme of
Provision of Services of Information Technology
("Hellenic Brink's")
(20% each BHH, AMH, AAH, HDH, ZOH) Greece
Hermes Security S.A. (97%) Greece
Hermes Avsec S.A. Greece
Airsec Services S.A. (52%) Greece
S.A. of Provision of Services in
Transportation d/b/a/ Brink's Hermes
(68% Hellenic Brink's, 32% Hermes Security) Greece
Hellenic Reception and Processing Centre of
Electronic Signals - Private Firm d/b/a Hellenic
Central Station (10%) Greece
Servicio Pan Americano de Proteccion CA (60.98% beneficial owner) Venezuela
Aeropanamericano, C.A. Venezuela
Aero Sky Panama S.A.
Artes Graficas Avenzadas 98, C.A. Venezuela
Blindados del Zulia Occidente, C.A. Venezuela
Blindados de Oriente, S.A. Venezuela
Blinadados Panamericanos, S.A. Venezuela
Blindados Centro Occidente, S.A. Venezuela
Bolivar Business, S.A. Panama
Domesa de Colombia, S.A. (30%)
Domesa Courier Corporation Florida
Panamerican Protective Service Sint Maarten, N.V. Neth. Antilles
Pan American Protective Service, Inc. Florida
Radio Llamadas Panama, S.A. Panama
Servicio Panamericano de Proteccion Curacao, N.V. Neth. Antilles
Domesa Curacao, N.V. Neth. Antilles
Domesa Aruba, N.V. Aruba
Servicio Panamericano de Vigilancia Curacao, N.V. Neth Antilles
Documentos Mercantilles S.A. Venezuela
Instituto Panamericano C.A. Venezuela
Intergraficas Panama S.A.
Panamaericana de Vigliancia, S.A. Venezuela
Transporte Expresos, C.A. Venezuela
Grapho Formas Petare, C.A. (70%) Venezuela
Centro Americana de Inversiones La Restinga, C.A. Panama
Brink's Panama S.A. (49%) Panama
Inmobiliaria Brink's Panama S.A. (49%) Panama
Brink's Poland S.p.zo.o (BI owns 1%) Poland
Brink's Puerto Rico, Inc. Puerto Rico
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Jurisdiction
Company of Incorporation
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Brink's International Holdings AG (99.82%, BGS USA .11%, BI .06%) Switzerland
Brink's Switzerland AG Switzerland
Brink's Diamond & Jewelry Services BVBA Belgium
Transpar - Brink's ATM Ltda. Brazil
Brink's Valores Agregados Ltda. Brazil
Brinks Seguranca e Transporte de Valores Ltda. Brazil
TGV Transportadora de Valores e Vigilancia Ltda. Brazil
BVA-Brink's Valores Agregados Ltda. Brazil
Brink's Hong Kong Limited (90%) Hong Kong
Brink's Global Services Korea Limited (80%) Korea
Brink's Nederland B.V. Netherlands
Brink's Geldverwerking B.V. Netherlands
Brink's Singapore Pte. Ltd. Singapore
Brink's (Southern Africa) (Proprietary) Ltd. South Africa
Brink's Taiwan Security Limited Taiwan
Brink's (Thailand) Limited (40%) Thailand
Brink's Tasima Hizmetleri A.S. (96%) Turkey
Brink's Europe Ltd. (U.K.) (BI owns nominal share) U.K.
Brink's (UK) Limited ("Brink's UK") (BI owns nominal share) U.K.
Brink's Commercial Services Ltd. (BSI owns nominal share) U.K.
Brink's Diamond & Jewellery Services Ltd. (BSI owns nominal share) U.K.
Brink's Limited (BSI owns nominal share) U.K.
Brink's (Gibraltar) Limited (99%) Gibraltar
Brink's Limited (Bahrain) EC (99.67%) Bahrain
Brink's Security Limited (Brink's UK owns nominal share) U.K.
Quarrycast Commercial Limited (Brink's UK 50%) U.K.
Brink's Global Services, Ltd. U.K.
Brink's Finance Company Inc. Delaware
BAX Holding Company Virginia
BAX Finance Inc. Delaware
BAX Global Inc. Delaware
BAXAIR Inc. Delaware
Air Transport International Limited Liability Company ("ATI")
(BAX 99%, BAXAIR 1%) Nevada
BAX Global International Inc. Delaware
Burlington Air Express (Brazil) Inc. Delaware
Burlington Air Express (Dubai) Inc. Delaware
Burlington Air Express Services Inc. Delaware
Burlington Network Inc. Delaware
BAX Global (Argentina) S.R.L. Argentina
BAX Global Holdings Pty. Ltd. (nominal interest held by BAX Global Inc.) Australia
BAX Global Aust. Pty. Ltd. Australia
A.F.C.A.B. Pty Ltd (11%) Australia
BAX Global Cartage Pty. Limited Australia
BAX Global do Brasil Ltda. Brazil
BAX Global (Canada) Ltd. Canada
797726 Ontario Inc. Canada
BAX Global Services Chile Limitada Chile
Xiamen BAX Global Warehousing Co. Ltd. China
BAX Global A/S Denmark
BAX Global SAS France
BAX Global GmbH Germany
BAX Global GmbH Austria
BAX Global Kft. Hungary
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Jurisdiction
Company of Incorporation
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BAX Global Limited ("BAX HK") Hong Kong
BAX Global Logistics Limitada Macau
BAX Global (China) CO., LTD. China
BAX Global Freight Forwarding (Guangzhou) Company Limited China
BAX Global Warehousing (Suzhou) Co. Ltd. (75%) China
Indian Enterprises Inc. Delaware
Indian Associates Inc. Delaware
BAX Global India Limited (65%, BAXI 35%) India
BAX Express Limited (Ireland) Ireland
BAX Global (Israel) Ltd. Israel
BAX Global S.r.l. Italy
CSC Customs and Management Services S.r.l. Italy
BAX Global Japan K.K. Japan
BAX Global Korea Co. Ltd. (51%) South Korea
BAX Global (Malaysia) Sdn. Bhd. Malaysia
BAX Global Imports (Malaysia) Sdn. Bhd. (40%, nominal interest
held by BAX Global Inc.) Malaysia
BAX Global, S.A. de C.V. Mexico
BAX Global Networks B.V. Netherlands
BAX Global B.V. Netherlands
BAX Global N.V./S.A.(Belgium) Belgium
BAX Global Pte Ltd. Singapore
BAX Global Logistics Holding B.V. Netherlands
BAX Global Logistics B.V. Netherlands
Logicenter, B.V. Netherlands
Chip Electronic Services B.V. (50%) Netherlands
BAX Global (N.Z.) Ltd. New Zealand
BAX Global (Peru) S.R.L. Peru
BAX Global Inc. Philippines
BAX Holdings, Inc. (60%, 40% BAXI) Philippines
Burlington-Transmaso Air Express Lda. (50%) Portugal
BAX Global Transitarios Ltda. (nominal interest held by BAX Global Inc.) Portugal
Continental Freight (Pty) Ltd. South Africa
BAX Global (Proprietary) Limited South Africa
Traco Freight (Pty) Ltd. South Africa
BAX Global S.A. Spain
BAX Global Holdings S.L. Spain
BAX Global Logistics (Shanghai) Co., Ltd. China
BAX Global Logistics (Shenzhen) Co., Ltd. China
BAX Global (Xiamen) Warehousing CO., LTD China
Pittston International Finance Company, Ltd. Ireland
BAX Global (UK) Limited U.K.
Alltransport Holdings Limited U.K.
Alltransport International Group Limited U.K.
Alltransport Warehousing Limited U.K.
BAX Global Limited U.K.
BAX Global Ocean Services Limited U.K.
WTC Air Freight (U.K.) Limited U.K.
BAX Logistics Limited U.K.
BAX Logistics International, Inc. Philippines
BAX Global spol. s.r.o. (20%, 80% BAX Global Holdings S.L.) Czech Republic
BAX Global EPE Transportation-Freight Forwarding &
Logistics Solutions (.0016%, 99.9984% BAX Global Holdings
S.L.) Greece
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Jurisdiction
Company of Incorporation
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BAX Global Aktiebolag Sweden
BAX Global AG Switzerland
BAX Global (Taiwan) Ltd. Taiwan
BAX Global (Thailand) Limited Thailand
BAX Funding Corporation California
Burlington Airline Express Inc. Delaware
Burlington Land Trading Inc. Delaware
Highway Merchandise Express, Inc. California
WTC Airlines, Inc. Delaware
WTC SUB California
Brink's Administrative Services Inc. Delaware
Pittston Minerals Group Inc. Virginia
Pittston Coal Company Delaware
American Eagle Coal Company Virginia
Heartland Coal Company Delaware
Maxxim Rebuild Company, Inc. Delaware
Pittston Forest Products, Inc. Virginia
Addington, Inc. Kentucky
Appalachian Mining, Inc. West Virginia
Molloy Mining, Inc. West Virginia
Vandalia Resources, Inc. West Virginia
Pittston Coal Management Company Virginia
Pittston Coal Sales Corp. Virginia
Pittston Coal Terminal Corporation Virginia
Pyxis Resources Company Virginia
HICA Corporation Kentucky
Holston Mining, Inc. West Virginia
Motivation Coal Company Virginia
Paramont Coal Corporation Delaware
Sheridan-Wyoming Coal Company, Incorporated Delaware
Thames Development, Ltd. Virginia
Buffalo Mining Company West Virginia
Clinchfield Coal Company Virginia
Dante Coal Company Virginia
Eastern Coal Corporation West Virginia
Elkay Mining Company West Virginia
Jewell Ridge Coal Corporation Virginia
Kentland-Elkhorn Coal Corporation Kentucky
Lorado Reclamation Company Virginia
Meadow River Coal Company Kentucky
Pittston Coal Group, Inc. Virginia
Ranger Fuel Corporation West Virginia
Sea "B" Mining Company Virginia
Pittston Synfuel Company Virginia
Pittston Mineral Ventures Company Delaware
PMV Gold Company Delaware
MPI Gold (USA) Ltd. Nevada
Pittston Nevada Gold Company (50%, 50% by MPI Gold (USA) Ltd.) Delaware
Pittston Mineral Ventures International Ltd. Delaware
Pittston Investments Australia Pty. Ltd. Australia
Mineral Ventures of Australia Pty Ltd. (75%, 25% ATI) Australia
Carbon Ventures Pty. Limited Australia
International Carbon (Aust.) Pty. Limited Australia
6
Jurisdiction
Company of Incorporation
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Pittston Australasian Mineral Exploration Pty Limited Australia
Pittston Black Sands of Western Australia Pty Limited Australia
Western Australian Minerals Company Pty. Ltd. Australia
NOTE: Subsidiaries that are not majority owned do not constitute "Subsidiaries"
for the purposes of this Schedule. They have been left on the Schedule so as to
make the ownership structure clear.
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