Exhibit 21.1
SUBSIDIARIES OF CIT
December 31, 2002
Jurisdiction
of Percentage
Name of Subsidiary Incorporation Ownership
- ----------------- ------------- ----------
CIT Group Inc. ...................................... U.S.-DE
Chessman S.a.r.l. ................................... Luxembourg 100%
CIT Luxembourg Cobblestone Leasing S.a.r.l. ......... Luxembourg 100%
CIT Cayman Coconut Palm Leasing, Ltd. ............... Cayman Island 100%
Newcourt Credit Group GmbH .......................... Germany 100%
CIT Financial (Hong Kong) Limited ................... Hong Kong 100%
CIT Group Inc. (NJ) ................................. U.S.-NJ 100%
CIT Holdings BV ..................................... Netherlands 100%
CIT Financial (Korea) Ltd. .......................... Korea 100%
Newcourt Financial Beteiligungs AG .................. Germany 100%
CIT Group (Australia)Limited ........................ Australia 100%
CIT Aerospace (Australia) Pty Ltd. .................. Australia 100%
CIT Funding Pty Limited ............................. Australia 100%
Computer Associates Financial Services Pty Ltd. ..... Australia 100%
Dell Financial Services (Australia) Pty Ltd. ........ Australia 100%
Dell Financial Services (New Zealand) Pty Ltd. ...... New Zealand 100%
Hunter Leasing Limited .............................. Australia 100%
Newcourt Financial (Australia) Pty Limited .......... Australia 100%
Western Star Finance (Australia) Pty Ltd. ........... Australia 100%
YMAF Pty Ltd. ....................................... Australia 100%
CIT Group Holdings BV ............................... Netherlands 100%
CIT Group (Nederland) B.V. .......................... Netherlands 100%
Newcourt Financial Espana S.A. ...................... Spain 100%
Newcourt Financial Italy S.p.A. ..................... Italy 100%
Newcourt Financial (Singapore) Pte Ltd. ............. Singapore 100%
Newcourt Group (Malaysia) Sdn Bhd ................... Malaysia 100%
Newcourt Holding Germany GmbH ....................... Germany 100%
Newcourt A.G. & Co. OHG ............................. Germany 100%
CIT Group Holdings (UK) Limited ..................... U.K. 100%
Agilent Financial Services Limited .................. U.K. 100%
CIT Group Structured Finance (UK) Limited ........... U.K. 100%
Newcourt Transportation Finance of Canada Limited ... U.K. 100%
CIT Group (Dormant 1) Limited ....................... U.K. 100%
CIT Group (NFL) Limited ............................. U.K. 100%
CIT Group (UK) Funding Public Limited Company ....... U.K. 100%
CIT Group (UK) Property Limited ..................... U.K. 100%
CIT Group (UK) Vendor Services Limited .............. U.K. 100%
CIT Group (UK) Limited .............................. U.K. 100%
Business Technology Finance Limited ................. U.K. 100%
Danka Equipment Rentals Ltd. ........................ U.K. 100%
ERF Finance Limited ................................. U.K. 100%
ERF Leasing Limited ................................. U.K. 100%
Gardner Merchant Rentals Ltd. ....................... U.K. 100%
Hamilton Leasing Limited ............................ U.K. 100%
Sharp Rentals Limited ............................... U.K. 100%
CIT Group (UK) Services Limited ..................... U.K. 100%
CIT Holdings (Ireland) Limited ...................... U.K.-Ireland 100%
SUBSIDIARIES OF CIT (Continued)
December 31, 2002
Jurisdiction
of Percentage
Name of Subsidiary Incorporation Ownership
- ----------------- ------------- ----------
CIT Emerald Isle Leasing, Limited ................... Ireland 100%
CIT Brisk Winds Aircraft Leasing, Limited ........... Ireland 100%
CIT Finance No. 1 (Ireland) Limited ................. Ireland 100%
CIT Finance No. 2 (Ireland) Limited ................. Ireland 100%
CIT Ireland Leasing Limited ......................... Ireland 100%
CIT Holdings (No. 2) Ireland ........................ Ireland 100%
Newcourt Asset Finance International ................ Ireland 100%
Newcourt Financial Ireland Limited .................. Ireland 100%
CIT Holdings, LLC ................................... U.S.-DE 100%
CIT Holdings (Barbados) SRL ......................... Barbados 100%
3026192 Nova Scotia Company ......................... Can-NS 100%
CIT Exchangeco Inc. ................................. Can-NS 100%
CIT Financial Ltd. .................................. Can-Ont 100%
1143986 Ontario Limited ............................. Can-Ont 100%
1145820 Ontario Limited ............................. Can-Ont 100%
1244773 Ontario Limited ............................. Can-Ont 100%
1243029 Ontario Inc. ................................ Can-Ont 100%
2630-3958 Quebec Inc. ............................... Can-Que 100%
2705 Parkhill Drive Limited Partnership ............. Can-Ont 100%
Agilent Financial Services Ltd. ..................... Can-Ont 100%
APS Land Developments Inc. .......................... Can-Ont 100%
CCG Capital Limited ................................. Barbados 100%
CCG Limited ......................................... Can-PEI 100%
CCG Ireland ......................................... U.K.-Ireland 100%
CICL Caribbean International Capital Limited ........ Barbados 100%
CIEL Caribbean International Equipment Ltd. ......... Barbados 100%
CIT Business Credit Canada Inc. ..................... Canada 50%
CIT Credit Group (Alberta) Inc. ..................... Can-Alb 100%
3918041 Canada Inc. ................................. Canada 100%
544211 Alberta Ltd. ................................. Can-Alb 100%
Canadian Income Partners I LP ....................... Can-Alb 100%
555565 Alberta Ltd. ................................. Can-Alb 100%
Canadian Income Partners II LP ...................... Can-Alb 100%
555566 Alberta Ltd. ................................. Can-Alb 100%
Canadian Income Partners III LP ..................... Can-Alb 100%
CMG Capital Limited ................................. Barbados 100%
Dell Financial Services Canada Limited .............. Can-Ont 100%
Equipment Dealers Credit Canada Inc. ................ Can-Ont 100%
GATX Asset Residual Management Canada Limited ....... Canada 50%
Groupe Financier Laplante (1997) Inc. ............... Canada 50%
Highlands Insurance Company Limited ................. Barbados 100%
Image Financial Services Inc. ....................... Canada 50%
MCC Capital Limited ................................. Barbados 100%
MCC Limited ......................................... Can-PEI 100%
Iroquois Capital Limited ............................ Barbados 100%
Iroquois Limited .................................... Can-PEI 100%
CIT Group Securities Limited ........................ U.K.-Eng 100%
Newcourt National Lease Inc. ........................ Can-Ont 100%
Newcourt Securities Inc. ............................ Can-Ont 74%
SUBSIDIARIES OF CIT (Continued)
December 31, 2002
Jurisdiction
of Percentage
Name of Subsidiary Incorporation Ownership
- ----------------- ------------- ----------
Adams Capital Limited ............................... Barbados 100%
CCG Trust Corporation ............................... Barbados 100%
Barrow Capital Limited .............................. Barbados 100%
Cummins Capital Limited ............................. Barbados 100%
Durham Capital Limited .............................. Barbados 100%
Erie Capital Limited ................................ Barbados 100%
Essex Capital Limited ............................... Barbados 100%
Frontenac Capital Limited ........................... Barbados 100%
Grey Capital Limited ................................ Barbados 100%
Haliburton Capital Limited .......................... Barbados 100%
Ironbridge Capital Limited .......................... Barbados 100%
Joly Capital Limited ................................ Barbados 100%
Kanata Capital Limited .............................. Barbados 100%
Newcourt Services (Barbados) SRL .................... Barbados 100%
Professional Capital Inc. ........................... Can-Ont 100%
Torontosudden Limited ............................... U.K.-Eng 100%
Wajax Finance Ltd. .................................. Can-Ont 100%
Worrell Capital Limited ............................. Barbados 100%
Wellington Capital Corporation ...................... Barbados 100%
Newcourt Credit Group USA Inc. ...................... U.S.-DE 100%
Capita Corporation .................................. U.S.-DE 100%
AT&T Automotive Services, Inc. ...................... U.S.-DE 100%
Capita Auto Lease Co. ............................... U.S.-DE 100%
Capita Colombia Holdings Corp. ...................... U.S.-DE 100%
CIT Global Vendor Services S.A. ..................... Colombia 100%
Capita International L.L.C. ......................... U.S.-DE 100%
Arrendadora Capita Corporation, S.A. de C.V. ........ Mexico 50%
Capita Servicios S.A. de C.V. ....................... Mexico 100%
The Capita Corporation de Mexico S.A. de C.V. ....... Mexico 100%
Capita Premium Corporation .......................... U.S.-DE 100%
Capital Syndication Corporation ..................... U.S.-DE 100%
CIT Brasil Arrendamento Mercantil S.A. .............. Brazil 100%
CIT Capita Colombia S.A. ............................ Colombia 100%
CIT Communications Finance Corporation .............. U.S.-DE 100%
Antigua Funding Corporation ......................... U.S.-DE 100%
CIT Financial Ltd. of Puerto Rico ................... U.S.-DE 100%
CIT Leasing Chile Ltda. ............................. Chile 100%
CIT Lending Services Corporation .................... U.S.-DE 100%
ATMOR Properties Inc. ............................... U.S.-DE 100%
Bliss Clearing Niagra, Inc. ......................... U.S.-DE 100%
CIT Technologies Corporation ........................ U.S.-MI 100%
CIT Technology Financing Services, Inc. ............. U.S.-MA 100%
Graybar Financial Services, LLC ..................... U.S.-DE 75%
Picker Financial Group, L.L.C. ...................... U.S.-DE 50%
Thermo Capital Company, LLC ......................... U.S.-DE 50%
NCT Receivables LLC ................................. U.S.-DE 100%
CIT Small Business Lending Corporation .............. U.S.-DE 100%
Newcourt Leasing Corporation ........................ China 55%
The Capita Corporation de Argentina SA .............. Argentina 100%
SUBSIDIARIES OF CIT (Continued)
December 31, 2002
Jurisdiction
of Percentage
Name of Subsidiary Incorporation Ownership
- ----------------- ------------- ----------
The Capita Corporation do Brasil Ltda. .............. Brazil 100%
The Equipment Insurance Company ..................... U.S.-VT 100%
CIT Financial USA Inc. .............................. U.S.-DE 100%
Boat Dealers Acceptance Company, L.L.C. ............. U.S.-DE 100%
CIT Bus Corporation ................................. U.S.-DE 100%
Equipment Dealers Credit Company LLC ................ U.S.-DE 100%
EDCO Insurance Services, Inc. ....................... U.S.-DE 100%
Jam Funding Corp. ................................... U.S.-DE 100%
Midwest Properties Holdings LLC ..................... U.S.-DE 56.87%
NCT Funding Company, L.L.C. ......................... U.S.-DE 100%
Newcourt Equipment Receivables Corp. ................ U.S.-DE 100%
Newcourt Receivables Corporation II ................. U.S.-DE 100%
Owner-Operator Finance Company ...................... U.S.-DE 100%
NCT Capital Inc. .................................... U.S.-DE 100%
Pasadena Owner Participant LP ....................... U.S.-DE 100%
Newcourt Capital USA Inc. ........................... U.S.-DE 100%
Asset Finance (Bermuda) Limited ..................... Bermuda 100%
CIT Millbury Inc. ................................... U.S.-DE 100%
Waste to Energy II LLC .............................. U.S.-DE 50%
Crystech, LLC ....................................... U.S.-DE 50%
Memphis Peaking Power LLC ........................... U.S.-DE 100%
Montana OPCM1A LLC .................................. U.S.-DE 100%
Montana OP1 LLC ..................................... U.S.-DE 100%
Montana OL1 LLC ..................................... U.S.-DE 100%
Montana OPCM1B LLC .................................. U.S.-DE 100%
Newcourt Capital Securities, Inc. ................... U.S.-DE 100%
Newcourt Common Holdings LLC ........................ U.S.-DE 100%
SBR OP-1, LLC ....................................... U.S.-DE 100%
Broad River OL-1 LLC ................................ U.S.-DE 100%
RockGen OL-1 LLC .................................... U.S.-DE 100%
South Point OL-1 LLC ................................ U.S.-DE 100%
SBR OP-2, LLC ....................................... U.S.-DE 100%
Broad River OL-2 LLC ................................ U.S.-DE 100%
RockGen OL-2 LLC .................................... U.S.-DE 100%
South Point OL-2 LLC ................................ U.S.-DE 100%
SBR OP-3, LLC ....................................... U.S.-DE 100%
Broad River OL-3 LLC ................................ U.S.-DE 100%
RockGen OL-3 LLC .................................... U.S.-DE 100%
South Point OL-3 LLC ................................ U.S.-DE 100%
SBR OP-4, LLC ....................................... U.S.-DE 100%
Broad River OL-4 LLC ................................ U.S.-DE 100%
RockGen OL-4 LLC .................................... U.S.-DE 100%
South Point OL-4 LLC ................................ U.S.-DE 100%
TCC Attala OP LLC ................................... U.S.-DE 100%
TCC Attala OL LLC ................................... U.S.-DE 100%
CIT Project Finance Manager, L.L.C. ................. U.S.-DE 100%
Newcourt DCC Inc. ................................... U.S.-DE 100%
Dell Credit Company, L.L.C. ......................... U.S.-DE 50%
SUBSIDIARIES OF CIT (Continued)
December 31, 2002
Jurisdiction
of Percentage
Name of Subsidiary Incorporation Ownership
- ----------------- ------------- ----------
Newcourt DFS Inc. ................................... U.S.-DE 100%
North Romeo Storage Corporation ..................... U.S.-DE 100%
1244771 Ontario Limited ............................. Can-Ont 100%
Nobrega Gas Storage LLC ............................. U.S.-DE 90%
Snap-On Credit LLC .................................. U.S.-DE 50%
New Creditcorp SPC LLC .............................. U.S.-DE 100%
Western Star Finance, Inc. .......................... U.S.-DE 100%
CIT Insurance Services, Inc. ........................ U.S.-DE 100%
CIT STS, Inc. ....................................... U.S.-NV 100%
Nameholders L.P. .................................... U.S.-NJ 100%
GFSC Aircraft Acquisition Financing Corporation ..... U.S.-DE 100%
Hudson Shipping Co., Inc. ........................... U.S.-DE 100%
Ittelson-Beaumont Fund .............................. U.S.-NY 100%
Newcourt Financial (Belgium) NV ..................... Belgium 50%
Newcourt Financial (Switzerland) AG ................. Switzerland 100%
Newcourt Financial CIS, LLC ......................... Russia 100%
Newcourt Financial Leasing GmbH ..................... Austria 100%
Newcourt Financial Polska Sp. zo.o .................. Poland 97.5%
Newcourt Holdings (France) S.A. ..................... France 100%
Newcourt Finance (France) SNC ....................... France 100%
Newcourt Location France SAS ........................ France 100%
CIT Group (Taiwan) Limited .......................... Taiwan 94%
North American Exchange, Inc. ....................... U.S.-DE 100%
The CIT GP Corporation .............................. U.S.-IL 100%
The CIT GP Corporation II ........................... U.S.- DE 100%
The CIT GP Corporation III .......................... U.S.-DE 100%
The CIT GP Corporation V ............................ U.S.-DE 100%
The CIT Group Securitization Corporation ............ U.S.-DE 100%
The CIT Group Securitization Corporation II ......... U.S.-DE 100%
The CIT Group Securitization Corporation III ........ U.S.-DE 100%
The CIT Group Securitization Corporation IV ......... U.S.-DE 100%
The CIT Group/Business Credit, Inc. ................. U.S.-NY 100%
The CIT Group/BCC, Inc. (Ill.) ...................... U.S.-DE 100%
The CIT Group/BC Securities Investment, Inc. ........ U.S.-NJ 100%
The CIT Group/Capital Finance, Inc. ................. U.S.-DE 100%
Banord Limited ...................................... U.K.-Eng 100%
Equipment Acceptance Corporation .................... U.S.-DE 100%
The CIT Group/Commercial Services, Inc. ............. U.S.-NY 100%
C.I.T. Foreign Sales Corporation One, Ltd. .......... Barbados 100%
CIT Cayman Blue Lagoon Leasing, Ltd. ................ Cayman Island 100%
CIT Cayman Sandy Keys Leasing, Ltd. ................. Cayman Island 100%
CIT Destin White Sands Aircraft Leasing, Inc. ....... U.S.-DE 100%
CIT FSC Four, Ltd. .................................. Bermuda 100%
CIT FSC Nine, Ltd. .................................. Bermuda 100%
CIT FSC Seven, Ltd. ................................. Bermuda 100%
CIT FSC Ten, Ltd. ................................... Bermuda 100%
SUBSIDIARIES OF CIT (Continued)
December 31, 2002
Jurisdiction
of Percentage
Name of Subsidiary Incorporation Ownership
- ----------------- ------------- ----------
CIT FSC Thirty, Ltd. ................................ Bermuda 100%
CIT FSC Three, Ltd. ................................. Bermuda 100%
CIT FSC Twenty-Eight, Ltd. .......................... Bermuda 100%
CIT FSC Twenty-Five, Ltd. ........................... Bermuda 100%
CIT FSC Twenty-Four, Ltd. ........................... Bermuda 100%
CIT FSC Twenty-Nine, Ltd. ........................... Bermuda 100%
CIT FSC Twenty-One, Ltd. ............................ Bermuda 100%
CIT FSC Twenty-Seven, Ltd. .......................... Bermuda 100%
CIT FSC Twenty-Six, Ltd. ............................ Bermuda 100%
CIT FSC Twenty-Three, Ltd. .......................... Bermuda 100%
CIT FSC Twenty-Two, Ltd. ............................ Bermuda 100%
CIT FSC Two, Ltd. ................................... Bermuda 100%
CMS Funding Company LLC ............................. U.S.-DE 100%
The CIT Group/Capital Transportation, Inc. .......... U.S.-DE 100%
The CIT Group/CmS Securities Investment, Inc. ....... U.S.-NJ 100%
The CIT Group/Commercial Services, Inc. (Ill.) ...... U.S.-DE 100%
The CIT Group/Commercial Services, Inc. (NC) ........ U.S.-NC 100%
The CIT Group/Commercial Services, Inc. (Va.) ....... U.S.-DE 100%
The CIT Group/Factoring One, Inc. ................... U.S.-NY 100%
CIT FSC Five, Ltd. .................................. Bermuda 100%
The CIT Group/Commercial Services (Asia), Limited ... Hong Kong 100%
The CIT Group/Consumer Finance, Inc. ................ U.S.-DE 100%
CFHE Funding Company LLC ............................ U.S.-DE 100%
The CIT Group/Consumer Finance, Inc.(NY) ............ U.S.-NY 100%
The CIT Group/Consumer Finance, Inc.(TN) ............ U.S.-DE 100%
The CIT Group/Equipment Financing, Inc. ............. U.S.-DE 100%
Agilent Financial Services, Inc. .................... U.S.-DE 100%
Baffin Shipping Co., Inc. ........................... U.S.-DE 100%
Bunga Bebaru, Ltd. .................................. Bermuda 100%
C.I.T. Leasing Corporation .......................... U.S.-DE 100%
CIT FSC Eight, Ltd. ................................. Bermuda 100%
CIT FSC Six, Ltd. ................................... Bermuda 100%
CIT Malaysia One, Inc. .............................. Malaysia 100%
The CIT Group/LsC Securities Investment, Inc. ....... U.S.-NJ 100%
C.I.T. Realty Corporation ........................... U.S.-DE 100%
CIT Commercial Services - Pan Pacific, Ltd. ......... U.S.-DE 100%
CIT China 1, Inc. ................................... U.S.-DE 100%
CIT China 10, Inc. .................................. U.S.-DE 100%
CIT China 11, Inc. .................................. U.S.-DE 100%
CIT China 12, Inc. .................................. U.S.-DE 100%
CIT China 13, Inc. .................................. U.S.-DE 100%
CIT China 2, Inc. ................................... U.S.-DE 100%
CIT China 3, Inc. ................................... U.S.-DE 100%
CIT China 4, Inc. ................................... U.S.-DE 100%
CIT China 5, Inc. ................................... U.S.-DE 100%
CIT China 6, Inc. ................................... U.S.-DE 100%
CIT China 7, Inc. ................................... U.S.-DE 100%
CIT China 8, Inc. ................................... U.S.-DE 100%
CIT China 9, Inc. ................................... U.S.-DE 100%
CIT FSC Eighteen, Ltd. .............................. Bermuda 100%
SUBSIDIARIES OF CIT (Continued)
December 31, 2002
Jurisdiction
of Percentage
Name of Subsidiary Incorporation Ownership
- ----------------- ------------- ----------
CIT FSC Eleven, Ltd. ................................ Bermuda 100%
CIT FSC Fifteen, Ltd. ............................... Bermuda 100%
CIT FSC Fourteen, Ltd. .............................. Bermuda 100%
CIT FSC Nineteen, Ltd. .............................. Bermuda 100%
CIT FSC Sixteen, Ltd. ............................... Bermuda 100%
CIT FSC Twelve, Ltd. ................................ Bermuda 100%
CIT FSC Twenty, Ltd. ................................ Bermuda 100%
CIT Leasing (Bermuda) Ltd. .......................... Bermuda 100%
CIT Lending Services Corporation (Illinois) ......... U.S.-DE 100%
Franchise Portfolio 1, Inc. ......................... U.S.-DE 100%
Franchise Portfolio 2, Inc. ......................... U.S.-DE 100%
JCB Finance, LLC .................................... U.S.-DE 50%
Namekeepers LLC ..................................... U.S.-DE 100%
Ross Shipping Co., Inc. ............................. U.S.-DE 100%
MultiGen LLC ........................................ U.S.-DE 100%
AlphaGen Power LLC .................................. U.S.-DE 100%
The CIT Group/Corporate Aviation, Inc. .............. U.S.-DE 100%
The CIT Group/Securities Investment, Inc. ........... U.S.-DE 100%
The CIT Group/Equity Investments, Inc. .............. U.S.-NJ 100%
The CIT Group/Venture Capital, Inc. ................. U.S.-NJ 100%
The CIT Group/FM Securities Investment, Inc. ........ U.S.-NJ 100%
The CIT Group Foundation, Inc. ...................... U.S.-NY 100%
The CIT Group/Sales Financing, Inc. ................. U.S.-DE 100%
CIT Bank ............................................ U.S.-UT 100%
SW Holding Corp. .................................... U.S. 100%
CIT Group (Hungary) Ltd. ............................ Hungary 100%
CIT Financial (New Zealand)Limited .................. New Zealand 100%
YNZF Limited ........................................ New Zealand 100%