EXHIBIT 21 - Subsidiaries of The Registrant
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
Jurisdiction
Where Names under which subsidiary
Name of Subsidiary Organized does Business
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
Galion, Inc.
Galion, Inc. Delaware Valentec Galion
Valentec Galion, Inc.
Galion, a Division of Valentec
International Corporation
------------------------------------------------------------------------------------------------------------------------------------
Valentec Systems, Inc. Delaware Valentec Systems, Inc.
------------------------------------------------------------------------------------------------------------------------------------
ASCI Holdings Germany (DE), Inc. Delaware
------------------------------------------------------------------------------------------------------------------------------------
ASCI Holdings Mexico (DE), Inc. Delaware
------------------------------------------------------------------------------------------------------------------------------------
ASCI Holdings UK (DE), Inc. Delaware
------------------------------------------------------------------------------------------------------------------------------------
ASCI Holdings Czech (DE), Inc. Delaware
------------------------------------------------------------------------------------------------------------------------------------
ASCI Holdings Asia (DE), Inc. Delaware
------------------------------------------------------------------------------------------------------------------------------------
ASCI Holdings Poland (DE), Inc. Delaware
------------------------------------------------------------------------------------------------------------------------------------
ASCI Holdings Brazil (DE), Inc. Delaware
------------------------------------------------------------------------------------------------------------------------------------
Automotive Safety Components International Verwaltungs GmbH Germany Automotive Safety Components
(f/k/a Phoenix Airbag Verwaltungs GmbH) International Verwaltungs GmbH
------------------------------------------------------------------------------------------------------------------------------------
Automotive Safety Components International GmbH & Co. KG Germany Automotive Safety Components
(f/k/a Phoenix Airbag GmbH & Co. KG) International GmbH & Co. KG
------------------------------------------------------------------------------------------------------------------------------------
Automotive Safety Components International S.A. de C.V. Mexico Automotive Safety Components
International S.A. de C.V.
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
Jurisdiction
Where Names under which subsidiary
Name of Subsidiary Organized does Business
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
Automotive Safety Components International Limited United Kingdom Automotive Safety Components
International Limited
------------------------------------------------------------------------------------------------------------------------------------
Automotive Safety Components Asia - Pacific Ltd. China Automotive Safety Components
Asia - Pacific Ltd.
------------------------------------------------------------------------------------------------------------------------------------
Automotive Safety Components International, s.r.o. Czech Republic Automotive Safety Components
International, s.r.o.
------------------------------------------------------------------------------------------------------------------------------------
Automotive Safety Components
Automotive Safety Components International, Inc. Delaware International, Inc.
------------------------------------------------------------------------------------------------------------------------------------
Valentec International Corporation, LLC Delaware Valentec International
Corporation, LLC
Valentec International
Corporation
Valentec Wells
Zummo Performance Products
Silent but Deadly Muffler
------------------------------------------------------------------------------------------------------------------------------------
Safety Components Fabric Technologies, Inc. Delaware Safety Components Fabric
Technologies, Inc.
------------------------------------------------------------------------------------------------------------------------------------
CSSC, Inc. (formerly known as Champion Sales and Service Arizona
Company)
------------------------------------------------------------------------------------------------------------------------------------
Duchi & Associates, Inc. California
------------------------------------------------------------------------------------------------------------------------------------
VIC Finance, Inc. Delaware
------------------------------------------------------------------------------------------------------------------------------------
Safety Components International Acquisition Corp. Delaware
------------------------------------------------------------------------------------------------------------------------------------
Automotive Safety Components - Polska Sp.zo.o Poland
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
