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NOTES TO THE ACCOUNTS<br />
47. Principal subsidiaries, jointly controlled entities and associated companies (Cont’d)<br />
Place of Effective shareholding<br />
Principal incorporation Issued and by by<br />
Name activities and operation paid up capital company subsidiary<br />
SUBSIDIARIES<br />
M.M.A. (Manufactura de Motores Manufacturing Argentina 3,880,000 Peso – 100%<br />
Argentinos) S.r.l.<br />
Nanomotion Ltd. Manufacturing Israel NIS186,699.85 – 51%<br />
Nihon Mini Motor Co. Ltd. Sales and marketing Japan JPY330,000,000 – 100%<br />
Outperform Group Limited Investment holding British Virgin 100 shares of – 100%<br />
Islands US$1 each<br />
Poly-Flex Circuits Limited Manufacturing United Kingdom 2,000,000 shares of – 100%<br />
GBP1 each<br />
Parlex (Europe) Limited Trading United Kingdom 1 share of – 100%<br />
GBP 1 each<br />
Parlex USA Inc. Manufacturing, United States of 100 shares issued – 100%<br />
R&D, sales and America with no par value<br />
marketing<br />
Parlex Dynaflex Corporation Manufacturing United States of 1,000 shares issued – 100%<br />
America with no par value<br />
Parlex Polymer Flexible Circuits, Inc. Manufacturing United States of 1,000 shares of – 100%<br />
America US$1 each<br />
Parlex Asia Holdings Limited Investment holding British Virgin 2,000 shares of – 90.1%<br />
Islands US$1 each<br />
Parlex Asia Pacific Limited Trading Hong Kong 14,698 shares of – 100%<br />
HK$1 each<br />
Parlex (China) Investment Limited Investment holding British Virgin 1,000 shares of – 100%<br />
Islands US$1 each<br />
Parlex (Shanghai) Interconnect Manufacturing China US$5,000,000 with – 100%<br />
Technologies Co. Ltd. US$10,000,000 paid up<br />
Parlex (Shanghai) Interconnect Manufacturing China US$15,000,000 with – 100%<br />
Products Co. Ltd. US$28,000,000 paid up<br />
Parlex (Shanghai) Circuit Co. Ltd. Manufacturing China US$5,000,000 with – 90.1%<br />
US$10,000,000 paid up<br />
Saia-Burgess Electronics Investment holding Switzerland 643,200 shares of – 100%<br />
Holding AG CHF 50 each<br />
Saia-Burgess Murten AG R&D, manufacturing, Switzerland 5,000 shares of – 100%<br />
sales and marketing CHF 1,000 each<br />
Saia-Burgess Controls AG R&D, manufacturing, Switzerland 100 shares of – 100%<br />
sales and marketing CHF 1,000 each<br />
Saia-Burgess Cetronic AG Sales Switzerland 700 shares of – 100%<br />
CHF 1,000 each<br />
<strong>Johnson</strong> <strong>Electric</strong> Holdings Limited 117