Subsidiaries of the Registrant
Aarica Holdings, Inc.
A Texas Corporation
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Other Jurisdictions
State or Jurisdiction in
Name of Incorporation Which Qualified (1) Amount Owned
---- ---------------- --------------- ------------
<S> <C> <C> <C>
Aarica Holdings
Mexico, S. A. de C.V. Mexico None 99%
North America Shoe Mexico None 99%
Corporation, S. A. de C. V. (2)
Taimex Industries, Mexico None 99%
S. A. de C. V. (2)
Aarica Sport Products Mexico None 80%
Manufacturing,
S. A. de C.V (2)
Aarica Sport, Mexico None 98%
S. A. de C.V (2)
West Coast Sports, Mexico None 99%
S. A. de C.V (2)
Aarica Services,
S. A. de C. V. (2) Mexico None 99%
---------------
(1) No assumed names.
(2) Subsidiary of Aarica Holdings Mexico, S. A. de C.V.
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