CORRESP 1 filename1.htm

 

December 1, 2005

 

Via EDGAR and e-mail mewa@sec.gov

 

Mr. Larry Spirgel

Securities and Exchange Commission

450 Fifth Street, N.W.

Washington, DC 20549-3561

 

Re:

FirstCity Financial Corporation
Form 10-K for the year ended December 31, 2004
Filed March 21, 2005
Form 10-Q for the quarter ended June 30, 2005
Filed on August 12, 2005
File No.: 033-19694

 

Dear Mr. Spirgel:

 

On behalf of FirstCity Financial Corporation (the “Company” or “FirstCity”), I submit the following response to questions asked on the conference call today with SEC Staff and the Company in regard to the ownership structure of the Mexican Acquisition Partnerships and European Acquisition Partnerships listed in our response of November 10, 2005 in response to comment 4.

 

Schedule of

Mexican and European Acquisition Partnerships

And Related Entities of

FirstCity Financial Corporation

 

FirstCity Holdings Corporation.  The following corporations, limited partnerships, limited liability companies and other entities are entities in which FirstCity Holdings Corporation or certain of its subsidiaries own an equity interest. (Consolidated entity)

 

Name:

Strategic Mexican Lending Partners, L.P.

 

 

 

Jurisdiction:

Texas, certificate filed on May 8, 2001

 

 

 

Partners:

FirstCity Holdings Corporation

General

1.0

%

 

FirstCity Holdings Corporation

Limited

89.0

%

 

Sergio Madrazo

Limited

10.0

%

Consolidated Subsidiary:

Yes

 

 

 

 

 

 

 

 

Name:

Strategic Mexican Lending Partners 2, L.P.

 

 

 

Jurisdiction:

Texas, certificate filed on July 3, 2001

 

 

 

Partners:

FirstCity Holdings Corporation

General

1.0

%

 

FirstCity Holdings Corporation

Limited

89.0

%

 

Sergio Madrazo

Limited

10.0

%

Consolidated Subsidiary:

Yes

 

 

 

 

 

 

 

 

Name:

Strategic Mexican Investment Partners 2, L.P.

 

 

 

Jurisdiction:

Texas, certificate filed on July 3, 2001

 

 

 

Partners:

FirstCity Holdings Corporation

General

1.0

%

 

FirstCity Holdings Corporation

Limited

89.0

%

 

Sergio Madrazo

Limited

10.0

%

Consolidated Subsidiary:

Yes

 

 

 

 

FirstCity Mexico, Inc.  The following corporations, limited partnerships, limited liability companies and other entities are entities in which FirstCity Mexico, Inc. or certain of its subsidiaries own an equity interest. (Consolidated entity)

 


 

Name:

Strategic Mexican Investment Partners, L.P.

 

 

 

Jurisdiction:

Texas, certificate filed on May 8, 2001

 

 

 

Partners:

FirstCity Mexico, Inc.

General

1.0

%

 

FirstCity Mexico, Inc.

Limited

89.0

%

 

Sergio Madrazo

Limited

10.0

%

Consolidated Subsidiary:

Yes

 

 

 

 

 

 

 

 

Name:

Resmex, LLC

 

 

 

Jurisdiction:

Delaware, incorporated December 11, 1998

 

 

 

Manager & Member:

FirstCity Mexico, Inc.

 

11.12

%

Member:

Cargill Financial Services International, Inc.

 

55.55

%

Member:

Cerberus Partners, L.P.

 

33.33

%

Consolidated Subsidiary:

No

 

 

 

 

 

 

 

 

Name:

Residencial Oeste, S.A. de C.V.

 

 

 

Jurisdiction:

Mexico, incorporated December 16, 1998

 

 

 

Authorized Shares:

112,366 Shares, 100 pesos par value

 

 

 

Outstanding Shares:

112,366

 

 

 

Treasury Shares:

None

 

 

 

Shareholders:

Resmex, LLC

112,365 Shares / Cert. No. 1 (499 Shares)
and Cert. No. 3 (111,866 Shares)

 

 

Armando Francisco Weil Goldsmith

1 Share/ Cert. No. 2

 

Consolidated Subsidiary:

No

 

 

 

 

 

 

 

Name:

Namex, LLC

 

 

 

Jurisdiction:

Delaware, formed December 10, 1999

 

 

 

Manager & Member:

FirstCity Mexico, Inc.

 

22.22

%

Member:

Cargill Financial Services International, Inc.

 

38.89

%

Member:

Blackacre Capital Partners, L.P.

 

38.89

%

Consolidated Subsidiary:

No

 

 

 

 

2


 

Name:

Cartera en Administracion y Cobranza, S.A. de C.V.

 

 

 

Jurisdiction:

Mexico, incorporated December 13, 1999

 

 

 

Shareholders:

Namex, LLC

 

100

%

Consolidated Subsidiary:

No

 

 

 

 

 

 

 

 

Name:

BIDMEX, LLC

 

 

 

Jurisdiction:

Delaware, formed January 28, 2000

 

 

 

Manager & Member:

FirstCity Mexico, Inc.

 

3.2102766

%

Member:

Cargill Financial Services International, Inc.

 

25.6533915

%

Member:

Blackacre Capital Partners, L.P.

 

41.8972988

%

Member:

Wayland Investment Fund II, LLC

 

16.2439073

%

Member:

MSIF Partners

 

12.9951259

%

Consolidated Subsidiary:

No

 

 

 

 

 

 

 

 

Name:

Administracion de Carteras Nacionales, S.A. de C.V.

 

 

 

Jurisdiction:

Mexico, incorporated January, 2000

 

 

 

Shareholders:

BIDMEX, LLC

 

100

%

Consolidated Subsidiary:

No

 

 

 

 

 

 

 

 

Name:

BIDMEX II, LLC

 

 

 

Jurisdiction:

Delaware, formed on May 9, 2000

 

 

 

Manager & Member:

FirstCity Mexico, Inc.

 

4.1164659

%

Member:

Cargill Financial Services International, Inc.

 

42.9216867

%

Member:

Blackacre Capital Partners, L.P.

 

42.9216867

%

Member:

MSIF Partners

 

10.0401606

%

Consolidated Subsidiary:

No

 

 

 

 

 

 

 

 

Name:

Administraction de Carteras Nacionales II, S. de R.L. de C.V.
(formerly Ome Calpulli, Resolución de Cartera, S. de R.L. de C.V.)

 

Jurisdiction:

Mexico, incorporated on November 17, 1999

 

 

 

Shareholders:

BIDMEX II, LLC

 

100

%

Consolidated Subsidiary:

No

 

 

 

 

 

 

 

 

Name:

BIDMEX 3, LLC

 

 

 

Jurisdiction:

Delaware, formed on October 20, 2000

 

 

 

Manager:

FirstCity Mexico, Inc.

 

 

 

Member:

Stategic Mexican Investment Partners, LP

 

10.0215054

%

Member:

Cargill Financial Services International, Inc.

 

39.9784946

%

Member:

Cerberus Cremi, LLC

 

39.9784946

%

Member:

MSIF Partners

 

10.0215054

%

Consolidated Subsidiary:

No

 

 

 

 

 

 

 

 

Name:

Administraction de Carteras Empresariales, S. de R.L. de C.V.

 

Jurisdiction:

Mexico, formed on November 13, 2000

 

 

 

Shareholders:

BIDMEX 3, LLC

 

100

%

Consolidated Subsidiary:

No

 

 

 

 

3


 

Name:

BIDMEX 4, LLC

 

 

 

Jurisdiction:

Delaware, formed on March 12, 2001

 

 

 

Manager:

FirstCity Mexico, Inc.

 

 

 

Member:

Strategic Mexican Investment Partners, LP

 

20.0

%

Member:

Cargill Financial Services International, Inc.

 

40.0

%

Member:

Cerberus SBL, LLC

 

40.0

%

Consolidated Subsidiary:

No

 

 

 

 

 

 

 

 

Name:

Cobranza Nacional de Carteras, S. de R.L. de C.V.

 

 

 

Jurisdiction:

Mexico, formed on March 16, 2001

 

 

 

Shareholders:

BIDMEX 4, LLC

 

100.0

%

Consolidated Subsidiary:

No

 

 

 

 

 

 

 

 

Name:

BIDMEX 5, LLC

 

 

 

Jurisdiction:

Delaware, formed on April 30, 2001

 

 

 

Manager & Member:

FirstCity Mexico, Inc.

 

20.0

%

Member:

Cargill Financial Services International, Inc.

 

40.0

%

Member:

Cerberus SBL, LLC

 

40.0

%

Consolidated Subsidiary:

No

 

 

 

 

 

 

 

 

Name:

Cobranza Internacional de Carteras, S. de R.L. de C.V.

 

 

 

Jurisdiction:

Mexico, formed on May 15, 2001

 

 

 

Shareholders:

BIDMEX 5, LLC

 

100.0

%

Consolidated Subsidiary:

No

 

 

 

 

 

 

 

 

Name:

BIDMEX 6, LLC

 

 

 

Jurisdiction:

Delaware, formed on May 31, 2001

 

 

 

Manager:

FirstCity Mexico, Inc.

 

 

 

Member:

Cargill Financial Services International, Inc.

 

39.75

%

Member:

Cerberus SBL, LLC

 

39.75

%

Member:

MSIF Partners

 

10.50

%

Member:

Strategic Mexican Investment Partners 2, L.P.

 

10.00

%

Consolidated Subsidiary:

No

 

 

 

 

 

 

 

 

Name:

Recuperacion de Carteras Mexicanas, S. de R.L. de C.V.

 

Jurisdiction:

Mexico, formed on June 21, 2001

 

 

 

Shareholders:

BIDMEX 6, LLC

 

100.0

%

Consolidated Subsidiary:

No

 

 

 

 

 

 

 

 

Name:

BIDMEX 7, LLC

 

 

 

Jurisdiction:

Delaware, formed on May 31, 2001

 

 

 

Manager:

FirstCity Mexico, Inc.

 

 

 

Member:

Cargill Financial Services International, Inc.

 

55.00

%

Member:

PDDF I, L.P.

 

20.00

%

Member:

Strategic Mexican Investment Partners, L.P.

 

25.00

%

Consolidated Subsidiary:

No

 

 

 

 

 

 

 

 

Name:

Integracion de Activos Mexicanos, S. de R.L. de C.V.

 

 

 

Jurisdiction:

Mexico, formed on March 11, 2002

 

 

 

Shareholders:

BIDMEX 7, LLC

 

100.0

%

 

4


 

Name:

BIDMEX 8, LLC

 

 

 

Jurisdiction:

Delaware, formed on May 31, 2001

 

 

 

Manager:

FirstCity Mexico, Inc.

 

 

 

Members:

Cargill Financial Services International, Inc.

 

40

%

 

PDDF I, L.P.

 

40

%

 

Strategic Mexican Investment Partners, L.P.

 

20

%

Consolidated Subsidiary:

No

 

 

 

 

 

 

 

 

Name:

Recuperacion de Activos Mexicanos, S. de R.L. de C.V.

 

Jurisdiction:

Mexico, formed on March 11, 2002

 

 

 

Shareholders:

BIDMEX 8, LLC

 

100.0

%

Consolidated Subsidiary:

No

 

 

 

 

 

 

 

 

Name:

BIDMEX 9, LLC

 

 

 

Jurisdiction:

Delaware, formed on January 7, 2003

 

 

 

Manager:

FirstCity Mexico, Inc.

 

 

 

Members:

Cargill Financial Services International, Inc.

 

85

%

 

Strategic Mexican Investement Partners, L.P.

 

15

%

Consolidated Subsidiary:

No

 

 

 

 

 

 

 

 

Name:

Solucion de Activos Residenciales, S. de R.L. de C.V.

 

 

Jurisdiction:

Mexico, formed on April 16 , 2004

 

 

 

Shareholders:

BIDMEX 9, LLC

 

100.0

%

Consolidated Subsidiary:

No

 

 

 

 

 

 

 

 

Name:

BIDMEX 10, LLC

 

 

 

Jurisdiction:

Delaware, formed on July 8, 2004

 

 

 

Manager:

FirstCity Mexico, Inc.

 

 

 

Members:

Cargill Financial Services International, Inc.

 

75

%

 

FirstCity Mexico, Inc.

 

25

%

Consolidated Subsidiary:

No

 

 

 

 

 

 

 

 

Name:

Solucion de Activos Comerciales, S. de R.L. de C.V.

 

 

 

Jurisdiction:

Mexico, formed on July 15, 2004

 

 

 

Shareholders:

BIDMEX 10, LLC

 

100.0

%

Consolidated Subsidiary:

No

 

 

 

 

FirstCity Europe Corporation.  The following corporations, limited partnerships, limited liability companies and other entities are entities in which FirstCity Europe Corporation or certain of its subsidiaries own an equity interest. (Consolidated entity)

 

Name:

P.R.L. Developpement, S.A.S.

 

 

 

Jurisdiction:

France

 

 

 

Ownership:

FirstCity Europe Corporation

 

43.5

 

 

Cargill Entity

 

43.25

%

 

MCS Management Group

 

13.25

%

 

composed of Alain Richard, Bernard Ducellier, Françoise Lecloarec, Pascal Falconnet, and Jean-François Darlot

 

Consolidated Subsidiary:

No

 

 

 

 

5


 

Name:

UBN, Societe Anonyme

 

 

 

Jurisdiction:

France

 

 

 

Ownership:

P.R.L. Developpement, S.A.S.

 

100

%

Consolidated Subsidiary:

No

 

 

 

 

 

 

 

 

Name:

SAI, Societe Auxiliaire Immobiliere

 

 

 

Jurisdiction

France

 

 

 

Shareholders:

FirstCity Europe Corporation

 

22.5

%

 

Val Logistique

 

55.0

%

 

Defimo-CEM

 

22.5

%

Consolidated Subsidiary:

No

 

 

 

 

FirstCity International Corporation. The following corporations, limited partnerships, limited liability companies and other entities are entities in which FirstCity International Corporation or certain or its subsidiaries own an equity interest. (Consolidated entity)

 

*Sold Prior to 09-30-05

 

*

Name:

Credit Finance Corporation Limited

 

 

 

 

Jurisdiction:

England and Wales; incorporated October 9, 1996
(name change from Ferrisbridge Limited on December 20, 1996)

 

 

Authorized Shares:

200 Shares, £1 par value (each)

 

 

 

 

Outstanding Shares:

167 A Shares, £1 par value (each)

 

 

 

 

 

13 B Shares, £1 par value (each)

 

 

 

 

 

20 C Shares, £1 par value (each)

 

 

 

 

Treasury Shares:

None

 

 

 

 

Shareholders:

Fairmile Portfolio Management Limited

 

167 A Shares

 

 

 

FirstCity International Corporation

 

20 C Shares

 

 

 

Defimo SA

 

13 B Shares

 

 

Consolidated Subsidiary:

No

 

 

 

 

 

 

 

 

 

*

Name:

Finin Limited

 

 

 

 

Jurisdiction:

England and Wales; incorporated December 24, 1997

 

 

 

 

Authorized Shares:

1,000 Shares, £1 par value (each)

 

 

 

 

Outstanding Shares:

467 A Shares, £1 par value (each)

 

 

 

 

 

333 B Shares, £1 par value (each)

 

 

 

 

 

200 C Shares, £1 par value (each)

 

 

 

 

Treasury Shares:

None

 

 

 

 

Shareholders:

Fairmile Portfolio Management Limited

 

467 A Shares

 

 

 

FirstCity International Corporation

 

333 B Shares

 

 

 

MCS et Associés, SA

 

200 C Shares

 

 

Consolidated Subsidiary:

No

 

 

 

 

6


 

*

Name:

Societe Immobilere Lincoln S.A.

 

 

 

 

Jurisdiction:

France

 

 

 

 

Authorized Shares:

 

 

 

 

 

Outstanding Shares:

14,980

 

 

 

 

Treasury Shares:

 

 

 

 

 

Shareholders:

Notre Dame des Victoires Investments,S.A.

 

11,977 Shares

 

 

 

FirstCity International Corporation

 

1,499 Shares

 

 

 

MCS et Associes, SA

 

1,499 Shares

 

 

 

Marie Helene Cretu

 

1 share

 

 

 

Patrice Mourruau

 

1 share

 

 

 

Herve Sarteau

 

1 share

 

 

 

Rory O’Neill

 

1 share

 

 

 

Jim Sartain

 

1 share

 

 

Consolidated Subsidiary:

No

 

 

 

 

 

 

 

 

 

*

Name:

Mirom Limited

 

 

 

 

Jurisdiction:

England and Wales;

 

 

 

 

Authorized Shares:

1,000 Shares, £1 par value (each)

 

 

 

 

Outstanding Shares:

650 A Shares, £1 par value (each)

 

 

 

 

 

100 B Shares, £1 par value (each)

 

 

 

 

 

250 C Shares, £1 par value (each)

 

 

 

 

Treasury Shares:

None

 

 

 

 

Shareholders:

Fairmile Portfolio Management Limited

 

650 A Shares

 

 

 

FirstCity International Corporation

 

100 B Shares

 

 

 

MCS et Associés, SA

 

250 C Shares

 

 

Consolidated Subsidiary:

No

 

 

 

 

 

 

 

 

 

*

Name:

Miromesnil Limited

 

 

 

 

Jurisdiction:

England and Wales; incorporated January 11, 1999

 

 

 

 

Authorized Shares:

1,000 Shares, £1 par value (each)

 

 

 

 

Outstanding Shares:

467 A Shares, £1 par value (each)

 

 

 

 

 

333 B Shares, £1 par value (each)

 

 

 

 

 

200 C Shares, £1 par value (each)

 

 

 

 

Treasury Shares:

None

 

 

 

 

Shareholders:

Fairmile Portfolio Management Limited

 

467 A Shares

 

 

 

FirstCity International Corporation

 

333 B Shares

 

 

 

MCS et Associés, S.A.

 

200 C Shares

 

 

Consolidated Subsidiary:

No

 

 

 

 

 

 

 

 

 

*

Name:

CATX Limited

 

 

 

 

Jurisdication:

England and Wales; October 6, 2000

 

 

 

 

Authorized Shares:

1,000 Shares, £1 par value (each)

 

 

 

 

Outstanding Shares:

550 A Shares, £1 par value (each)

 

 

 

 

 

250 B Shares, £1 par value (each)

 

 

 

 

 

200 C Shares, £1 par value (each)

 

 

 

 

Treasury Shares:

None

 

 

 

 

Shareholders:

Fairmile Portfolio Management Limited

 

550 A Shares

 

 

 

FirstCity International Corporation

 

250 B Shares

 

 

 

MCS et Associés, SA

 

200 C Shares

 

 

Consolidated Subsidiary:

No

 

 

 

 

7


 

 

Name:

UHR Limited

 

 

 

 

Jurisdiction:

England and Wales; incorporated March 15, 1999
(name change from CHRB Limited to UHR Limited 05-06-99)

 

 

Authorized Shares:

1,000 Shares, ,1 par value (each)

 

 

 

 

Outstanding Shares:

600 A Shares, ,1 par value (each)

 

 

 

 

 

200 B Shares, ,1 par value (each)

 

 

 

 

 

200 C Shares, ,1 par value (each)

 

 

 

 

Treasury Shares:

None

 

 

 

 

Shareholders:

Fairmile Portfolio Management Limited

 

600 A Shares

 

 

 

FirstCity International Corporation

 

200 B Shares

 

 

 

MCS et Associés, S.A.

 

200 C Shares

 

 

Consolidated Subsidiary:

No

 

 

 

 

 

 

 

 

 

 

Name:

NEVVS Limited

 

 

 

 

Jurisdiction:

England and Wales; November 27, 2000

 

 

 

 

Authorized Shares:

1,000 Shares, ,1 par value (each)

 

 

 

 

Outstanding Shares:

500 A Shares, ,1 par value (each)

 

 

 

 

 

250 B Shares, ,1 par value (each)

 

 

 

 

 

250 C Shares, ,1 par value (each)

 

 

 

 

Treasury Shares:

None

 

 

 

 

Shareholders:

Fairmile Portfolio Management Limited

 

500 A Shares

 

 

 

FirstCity International Corporation

 

250 B Shares

 

 

 

MCS et Associés, SA

 

250 C Shares

 

 

Consolidated Subsidiary:

No

 

 

 

 

 

 

 

 

 

*

Name:

Transalp Limited

 

 

 

 

Jurisdiction:

England and Wales; January 15, 2001

 

 

 

 

Authorized Shares:

1,000 Shares, ,1 par value (each)

 

 

 

 

Outstanding Shares:

550 A Shares, ,1 par value (each)

 

 

 

 

 

250 B Shares, ,1 par value (each)

 

 

 

 

 

200 C Shares, ,1 par value (each)

 

 

 

 

Treasury Shares:

None

 

 

 

 

Shareholders:

Fairmile Portfolio Management Limited

 

550 A Shares

 

 

 

FirstCity International Corporation

 

250 B Shares

 

 

 

MCS et Associés, SA

 

200 C Shares

 

 

Consolidated Subsidiary:

No

 

 

 

 

 

 

 

 

 

 

Name:

WHBE Limited

 

 

 

 

Jurisdiction:

England and Wales; December 13, 2001

 

 

 

 

Authorized Shares:

1,000 Shares, ,1 par value (each)

 

 

 

 

Outstanding Shares:

650 A Shares, ,1 par value (each)

 

 

 

 

 

100 B Shares, ,1 par value (each)

 

 

 

 

 

250 C Shares, ,1 par value (each)

 

 

 

 

Treasury Shares:

None

 

 

 

 

Shareholders:

Fairmile Portfolio Management Limited

 

650 A Shares

 

 

 

FirstCity International Corporation

 

100 B Shares

 

 

 

MCS et Associés, SA

 

250 C Shares

 

 

Consolidated Subsidiary:

No

 

 

 

 

8


 

Name:

WOX Limited

 

 

 

Jurisdiction:

England and Wales; May 27, 2002

 

 

 

Authorized Shares:

1,000 Shares, ,1 par value (each)

 

 

 

Outstanding Shares:

550 A Shares, ,1 par value (each)

 

 

 

 

250 B Shares, ,1 par value (each)

 

 

 

 

200 C Shares, ,1 par value (each)

 

 

 

Treasury Shares:

None

 

 

 

Shareholders:

Fairmile Portfolio Management Limited

 

550 A Shares

 

 

FirstCity International Corporation

 

200 C Shares

 

 

MCS et Associés, SA

 

250 B Shares

 

Consolidated Subsidiary:

No

 

 

 

 

 

 

 

 

Name:

CRY Limited

 

 

 

Jurisdiction:

England and Wales; July 30, 2002

 

 

 

Authorized Shares:

1,000 Shares, ,1 par value (each)

 

 

 

Outstanding Shares:

600 A Shares, ,1 par value (each)

 

 

 

 

200 B Shares, ,1 par value (each)

 

 

 

 

200 C Shares, ,1 par value (each)

 

 

 

Treasury Shares:

None

 

 

 

Shareholders:

Fairmile Portfolio Management Limited

 

600 A Shares

 

 

FirstCity International Corporation

 

200 B Shares

 

 

MCS et Associés, SA

 

200 C Shares

 

Consolidated Subsidiary:

No

 

 

 

 

 

 

 

 

Name:

CTY Limited

 

 

 

Jurisdiction:

England and Wales; December 18, 2002

 

 

 

Authorized Shares:

1,000 Shares, ,1 par value (each)

 

 

 

Outstanding Shares:

550 A Shares, ,1 par value (each)

 

 

 

 

200 B Shares, ,1 par value (each)

 

 

 

 

250 C Shares, ,1 par value (each)

 

 

 

Treasury Shares:

None

 

 

 

Shareholders:

Fairmile Portfolio Management Limited

 

550 A Shares

 

 

FirstCity International Corporation

 

200 B Shares

 

 

MCS et Associés, SA

 

250 C Shares

 

Consolidated Subsidiary:

No

 

 

 

 

 

 

 

 

Name:

WOL Limited

 

 

 

Jurisdiction:

England and Wales; June 11, 2003

 

 

 

Authorized Shares:

1,000 Shares, ,1 par value (each)

 

 

 

Outstanding Shares:

550 A Shares, ,1 par value (each)

 

 

 

 

225 B Shares, ,1 par value (each)

 

 

 

 

225 C Shares, ,1 par value (each)

 

 

 

Treasury Shares:

None

 

 

 

Shareholders:

Fairmile Portfolio Management Limited

 

550 A Shares

 

 

FirstCity International Corporation

 

225 C Shares

 

 

MCS et Associés, SA

 

225 B Shares

 

Consolidated Subsidiary:

No

 

 

 

 

 

 

 

 

Name:

WOD Limited

 

 

 

Jurisdiction:

England and Wales; November 12, 2003

 

 

 

Authorized Shares:

1,000 Shares, ,1 par value (each)

 

 

 

Outstanding Shares:

550 A Shares, ,1 par value (each)

 

 

 

 

225 B Shares, ,1 par value (each)

 

 

 

 

225 C Shares, ,1 par value (each)

 

 

 

Treasury Shares:

None

 

 

 

Shareholders:

Fairmile Portfolio Management Limited

 

550 A Shares

 

 

FirstCity International Corporation

 

225 C Shares

 

 

MCS et Associés, SA

 

225 B Shares

 

Consolidated Subsidiary:

No

 

 

 

 

9


 

Name:

FG Portfolio Limited

 

 

 

Jurisdiction:

England and Wales; June 8, 2004

 

 

 

Authorized Shares:

1,000 Shares, ,1 par value (each)

 

 

 

Outstanding Shares:

550 A Shares, ,1 par value (each)

 

 

 

 

225 B Shares, ,1 par value (each)

 

 

 

 

225 C Shares, ,1 par value (each)

 

 

 

Treasury Shares:

None

 

 

 

Shareholders:

Fairmile Portfolio Management Limited

 

550 A Shares

 

 

FirstCity International Corporation

 

225 C Shares

 

 

MCS et Associés, SA

 

225 B Shares

 

Consolidated Subsidiary:

No

 

 

 

 

FirstCity Servicing Corporation.  The following corporations, limited partnerships, limited liability companies and other entities are entities in which FirstCity Servicing Corporation or certain of its subsidiaries own an equity interest. (Consolidated entity)

 

Name:

MCS et Associés, S.A.

 

 

 

Jurisdiction:

France, Societe Anonyme

 

 

 

Outstanding Shares:

1,019,000 Shares, FF100 par value

 

 

 

Treasury Shares:

None

 

 

 

Shareholders:

Mansoor Management Amsterdam BV

 

39.82

%

 

P.R.L. Developpement SAS

 

19.63

%

 

Gilles de Courson

 

11.78

%

 

FirstCity Servicing Corporation

 

11.89

%

 

Cargill Marchés Financiers

 

11.89

%

 

Joseph Fingerhut

 

4.95

%

 

Board Qualifying Shares as Group

 

0.05

%

Consolidated Subsidiary:

No

 

 

 

 

* * * * *

 

The Company acknowledges that

 

•                  The Company is responsible for the adequacy and accuracy of the disclosure in the filings;

 

•                  Staff comments or changes to disclosure in response to staff comments do not foreclose the Commission from taking any action with respect to the filings; and

 

•      The Company may not assert staff comments as a defense in any proceedings initiated by the Commission or any person under the federal securities laws of the United States.

 

If you have any questions, please do not hesitate to call me.

 

Very truly yours,

 

 

J. Bryan Baker

Senior Vice President and Chief Financial Officer

FirstCity Financial Corporation

(254) 761-2810

 

10