<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
EURO TRADE & FORFAITING, INC.
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(Name of Issuer)
Common Stock, $0.001 Par Value
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(Title of Class of Securities)
29870X 10 3
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(CUSIP Number)
Roger Griffin, Aston Corporate Trustees Limited, 19 Peel Road,
Douglas, Isle of Man, LM1 41S
Telephone (01626) 626591
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(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
February 22, 2000
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(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the
following box [ ].
<PAGE> 2
CUSIP No. 29870X 10 3
-----------------------------------------
1) Names of Reporting Persons/I.R.S. Identification Nos. of Above
Persons
The Mayflower Trust
----------------------------------------------
2) Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ X ]
3) SEC Use Only
--------------------------------------------------------
4) Source of Funds
-----------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
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6) Citizenship or Place of Organization Isle of Man
---------------------
Number of (7) Sole Voting Power 0
Shares Bene- ----------------
ficially (8) Shared Voting Power 11,000,000
Owned by -------------------------
Each Reporting (9) Sole Dispositive Power 0
Person ----------------------
With (10) Shared Dispositive Power 11,000,000
--------------------
11) Aggregate Amount Beneficially Owned by Each Reporting
Person 11,000,000
-------------
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
---------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11) 64.9%
------------------
14) Type of Reporting Person 00
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Page 2 of 7 Pages
<PAGE> 3
CUSIP No. 29870X 10 3
------------------------------------
1) Names of Reporting Persons/I.R.S. Identification Nos. of Above
Persons
Aston Corporate Trustees Limited
------------------------------------------
2) Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ X ]
3) SEC Use Only
-------------------------------------------------------
4) Source of Funds
----------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
--------------------------------------------------------------------
6) Citizenship or Place of Organization Isle of Man
----------------------
Number of (7) Sole Voting Power 0
Shares Bene- -----------------
ficially (8) Shared Voting Power 11,000,000
Owned by --------------------
Each Reporting (9) Sole Dispositive Power 0
Person -----------------
With (10) Shared Dispositive Power 11,000,000
---------------
11) Aggregate Amount Beneficially Owned by Each Reporting
Person 11,000,000
-------------
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
--------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11) 64.9%
-----------------
14) Type of Reporting Person HC
-------------------------------------------
Page 3 of 7 Pages
<PAGE> 4
CUSIP No. 29870X 10 3
------------------------------------
1) Names of Reporting Persons/I.R.S. Identification Nos. of Above
Persons
Ponnuswamy Manohar
-----------------------------------------
2) Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ X ]
3) SEC Use Only
--------------------------------------------------------
4) Source of Funds
-----------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
---------------------------------------------------------------------
6) Citizenship or Place of Organization Indonesian
----------------------
Number of (7) Sole Voting Power 0
Shares Bene- -----------------
ficially (8) Shared Voting Power 0
Owned by --------------------
Each Reporting (9) Sole Dispositive Power 0
Person -----------------
With (10) Shared Dispositive Power 0
---------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person 0
--------
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
X
---------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11)
------------------
14) Type of Reporting Person IN
--------------------------------------------
Page 4 of 7 Pages
<PAGE> 5
ITEM 1. SECURITY AND ISSUER.
This statement relates to the shares of common stock with a $0.001 par
value each of Euro Trade & Forfaiting, Inc. ("Euro Trade"), a Utah
corporation, having a principal executive office at 9 King Street, Third
Floor, London, England, EC2V 8EA.
ITEM 2. IDENTITY AND BACKGROUND.
This statement is filed on behalf of The Mayflower Trust (the "Trust"),
its trustee, Aston Corporate Trustees Limited (the "Trustee"), and its
protector, Ponnuswamy Manohar (the "Protector"). The Mayflower Trust was
created on February 7, 2000. The Trustee is in the business of providing
corporate and trustee services and has a registered office at Aston House,
Peel Road, Douglas, Isle of Man, LM1 41S. The Protector is a Chartered
Accountant, with a principal address at Jl. Metro Alam, IV-TC-29, Pondon,
Ind A4, Jakarta, Selatan, Indonesia. See item 6 on pages 2 to 4 of this
Schedule 13D for the citizenship or place of organization of the Trust,
the Trustee and the Protector.
The following table lists the names, citizenships, principal business
addresses and principal occupations of the directors of the Trustee for
the Trust.
<TABLE>
<CAPTION>
==========================================================================
RESIDENCE OR PRINCIPAL
NAME BUSINESS ADDRESS OCCUPATION CITIZENSHIP
==========================================================================
<S> <C> <C> <C>
Roger Griffin 19 Peel Road, Douglas, Chartered British
Isle of Man, LM1 4LS Accountant
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Richard Tanner 19 Peel Road, Douglas, Consultant British
Isle of Man, LM1 4LS
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David Griffin 19 Peel Road, Douglas, Chartered British
Isle of Man, LM1 4LS Secretary
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Susan Cubbon 19 Peel Road, Douglas, Administrator British
Isle of Man, LM1 4LS
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Colin Pearse 19 Peel Road, Douglas, Consultant Irish
Isle of Man, LM1 4LS
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Gillain Caine 19 Peel Road, Douglas, Administrator British
Isle of Man, LM1 4LS
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Peter Daveney 19 Peel Road, Douglas, Accountant British
Isle of Man, LM1 4LS
==========================================================================
</TABLE>
The present sole beneficiary of the Trust is Mohan Gandi Ben Sinivasan, an
Indonesian citizen with a business address at 5 Jalan Pusurran, Menteng,
Indonesia.
During the last five years, neither the Trust, the Trustee or the
Protector has been, nor to the knowledge of the Trustee have any of its
directors been, convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanours), nor have they been a party to a
civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding were or are subject to a
judgement, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, Federal or State
securities laws or finding any violation with respect to such laws.
The Trust, the Trustee and the Protector have executed a joint filing
agreement consenting to the joint filing of this Schedule 13D. Such
agreement is filed as Exhibit 1 to this Schedule 13D and is incorporated
herein by reference.
Page 5 of 7 Pages
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ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
N/A
ITEM 4. PURPOSE OF TRANSACTION.
N/A
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
The Trust is the beneficial owner of all of the issued and outstanding
shares of common stock of Collingwood Investments Limited ("Collingwood"),
a company incorporated under the laws of the Bahamas, and North Cascade
Limited ("Cascade"), a company incorporated under the laws of the British
Virgin Islands.
As disclosed in their respective Schedule 13D's dated October 25, 1999,
Collingwood and Cascade beneficially own 4,400,000 and 6,600,000 shares,
respectively (collectively, the "Shares"), in the common stock of Euro
Trade. Collingwood and Cascade indirectly acquired the Shares in the
reorganization of Euro Trade whereby Euro Trade acquired all of the issued
and outstanding shares of common stock of Euro Trade & Forfaiting Company
Limited, a private U.K. company, from Multikarsa Investama ("Multikarsa")
in exchange for the Shares. After the acquisition, Multikarsa assigned
all rights to the Shares to Collingwood and Cascade in the share amounts
set out above.
The Trustee and the Protector exercise voting power over the Trust, and
the Trustee, together with Collingwood and Cascade, exercise voting power
over the Shares.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.
N/A
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit Number Description
-------------- -----------
1 Joint Filing Agreement between The Mayflower
Trust, Aston Corporate Trustees Limited and
Ponnuswamy Manohar, dated February 22, 2000.
Page 6 of 7 Pages
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SIGNATURE
---------
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
February 22, 2000
----------------------------------
(Date)
THE MAYFLOWER TRUST by its Trustee
ASTON CORPORATE TRUSTEES LIMITED
By: /s/ David Griffin
----------------------------------
(Signature)
David Griffin, Director
----------------------------------
(Name and Title)
February 22, 2000
----------------------------------
(Date)
ASTON CORPORATE TRUSTEES LIMITED
By: /s/ Susan Cubbon
----------------------------------
(Signature)
Susan Cubbon, Director
----------------------------------
(Name and Title)
February 22, 2000
----------------------------------
(Date)
By: /s/ Ponnuswamy Manohar
----------------------------------
(Signature)
Ponnuswamy Manohar, Protector
----------------------------------
(Name and Title)
Page 7 of 7 Pages
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EXHIBIT INDEX
Exhibit Number Description
-------------- -----------
1 Joint Filing Agreement between The Mayflower
Trust, Aston Corporate Trustees Limited and
Ponnuswamy Manohar, dated February 22, 2000.
<PAGE> 1
JOINT FILING AGREEMENT
THIS AGREEMENT dated the 22nd day of February, 2000.
WHEREAS:
A. Aston Corporate Trustees Limited is the trustee (the "Trustee") and
Ponnuswamy Manohar is the protector (the "Protector") of The Mayflower
Trust (the "Trust"), a trust declared on February 7, 2000 under the laws
of the Isle of Man;
B. The Trust is the beneficiary of all of the issued and outstanding
shares of Collingwood Investments Limited ("Collingwood") and North
Cascade Limited ("Cascade"), which collectively beneficially own 11
million shares (the "Shares") of the common stock of Euro Trade &
Forfaiting, Inc. ("Euro Trade");
C. The Trustee and the Protector exercise voting power over the Trust,
and the Trustee, together with Collingwood and Cascade, exercise voting
power over the Shares; and
D. Each of the Trust, the Trustee and the Protector (each a "Filer" and
collectively, the "Filers") is responsible for filing a Schedule 13D (the
"Schedule 13D") relating to the acquisition or disposition of the shares
of common stock of Euro Trade pursuant to U.S. securities laws.
NOW THEREFORE THE PARTIES AGREE AS FOLLOWS:
1. Each Filer covenants and agrees that it is individually eligible to
use the Schedule 13D which is to be filed;
2. Each Filer is individually responsible for the timely filing of any
amendments to the Schedule 13D, and for the completeness and accuracy of
the information concerning themselves, but is not responsible for the
completeness and accuracy of any of the information contained in the
Schedule 13D as to the other Filer, unless such Filer knows or has reason
to believe that the information is inaccurate;
3. This Schedule 13D contains the required information with regard to
each Filer and indicates that it is filed on behalf of the Filers; and
4. Each Filer agrees that the Schedule 13D to which this Joint Filing
Agreement is attached as Exhibit 1 is filed on its behalf.
IN WITNESS WHEREOF the parties have duly executed this Joint Filing
Agreement.
THE MAYFLOWER TRUST by its Trustee,
ASTON CORPORATE TRUSTEES LIMITED
By: /s/ David Griffin By: /s/ Ponnuswamy Manohar
---------------------------- -----------------------------
David Griffin, Director Ponnuswamy Manohar, Protector
ASTON CORPORATE TRUSTEES LIMITED
By: /s/ Susan Cubbon
----------------------------
Susan Cubbon, Director
