<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.
--------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $0.001 Par Value
--------------------------------------------------------------------------
(Title of Class of Securities)
29870X 10 3
--------------------------------------------------------------------------
(CUSIP Number)
42 Brook Street, London, W1Y 1YB, UK
Telephone 44 207 958 9026
--------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
November 14, 2000
--------------------------------------------------------------------------
(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
Beaumont Capital Ltd.
------------------------------------------
2) Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
3) SEC Use Only
---------------------------------------------------
4) Source of Funds WC
------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
-----------------------------------------------------------------
6) Citizenship or Place of Organization Republic of Liberia
---------------------------
Number of (7) Sole Voting Power 0
--------------------
Shares Bene-
ficially (8) Shared Voting Power 4,940,000
------------------
Owned by
Each Reporting (9) Sole Dispositive Power 0
---------------
Person
With (10) Shared Dispositive Power 4,940,000
-------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person
4,940,000
---------------------
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
-----------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11) 17.7%
-------------
14) Type of Reporting Person CO
---------------------------------------
Page 2 of 6 Pages
<PAGE> 3
CUSIP No. 29870X 10 3
----------------------------------------
1) Names of Reporting Persons/I.R.S. Identification Nos. of Above
Persons
Samuel W. Lee
------------------------------------------
2) Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
3) SEC Use Only
---------------------------------------------------
4) Source of Funds AF
------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
-----------------------------------------------------------------
6) Citizenship or Place of Organization Korean
---------------------------
Number of (7) Sole Voting Power 0
--------------------
Shares Bene-
ficially (8) Shared Voting Power 4,940,000
------------------
Owned by
Each Reporting (9) Sole Dispositive Power 0
---------------
Person
With (10) Shared Dispositive Power 4,940,000
-------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person
4,940,000
---------------------
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
-----------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11) 17.7%
-------------
14) Type of Reporting Person IN
---------------------------------------
Page 3 of 6 Pages
<PAGE> 4
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 42 Brook Street,
London, W1Y 1YB, UK.
ITEM 2. IDENTITY AND BACKGROUND.
This statement is filed on behalf of Beaumont Capital Ltd. ("Beaumont")
and Samuel W. Lee. See item 6 on pages 2 and 3 of this Schedule 13D for
the place of organization or citizenship of Beaumont and Mr. Lee.
The following table lists the names, citizenships, principal business
addresses and principal occupations of the directors and officers of
Beaumont.
<TABLE>
<CAPTION>
NAME RESIDENCE OR PRINCIPAL CITIZENSHIHP
BUSINESS ADDRESS OCCUPATION
---- ---------------- ---------- ------------
<S> <C> <C> <C>
Samuel Lee Room 506, S/F1 East Businessman, Director Korean
Town Building
41 Lockhart Road,
Wanchai, Hong Kong
K.J. Min Room 506, S/F1 East Businessman, Director Korean
Town Building
41 Lockhart Road,
Wanchai, Hong Kong
Kitty Wong Room 506, S/F1 East Secretary, Director Chinese
Town Building
41 Lockhart Road,
Wanchai, Hong Kong
</TABLE>
During the last five years, neither Beaumont or Mr. Lee has been, nor to
the knowledge of Beaumont 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.
Beaumont and Mr. Lee 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.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Beaumont paid an aggregate of $3,334,500 or $1.35 per unit. Each unit is
comprised of one common share and one common share purchase warrant with
each warrant exercisable for one further common share at a price of $1.35
per share for a period of five years from the date of issuance of the
warrant. The purchase price was paid from Beaumont's working capital.
Page 4 of 6 Pages
<PAGE> 5
ITEM 4. PURPOSE OF TRANSACTION.
Beaumont has acquired the shares and warrants of Euro Trade for investment
purposes. At this time, neither Beaumont nor Mr. Lee nor, to the
knowledge of Beaumont, any of its directors or executive officers have
the intention of acquiring additional shares of Euro Trade, although
Beaumont and Mr. Lee reserve the right to make additional purchases on the
open market, in private transaction and from treasury. Neither Beaumont,
nor Mr. Lee, to the knowledge of Beaumont, any of its directors or
executive officers, have any plans or proposals to effect any of the
transactions listed in Item 4(a)-(j) of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Neither Beaumont nor Mr. Lee have previously held, or prior to this
transaction, currently held shares of Euro Trade. On November 14, 2000,
Beaumont, a company wholly owned by Mr. Lee, acquired 2,470,000 units of
Euro Trade for aggregate consideration of $3,334,500 or $1.35 per unit.
Each unit is comprised of one common share in the capital of Euro Trade
and one common share purchase warrant. To the knowledge of Beaumont and
Mr. Lee, none of the directors or executive officers of Beaumont have any
power to vote or dispose of any shares of common stock of Euro Trade, nor
did they, Beaumont or Mr. Lee effect any transaction in such shares during
the past 60 days, except as disclosed herein.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit Number Description
-------------- -----------
1 Joint Filing Agreement between Beaumont
Capital Ltd. and Samuel Lee, dated
November 16, 2000.
Page 5 of 6 Pages
<PAGE> 6
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.
November 16, 2000
----------------------------
(Date)
BEAUMONT CAPITAL LTD.
By:
/s/ Samuel W. Lee
----------------------------
(Signature)
Samuel W. Lee, President
----------------------------
(Name and Title)
November 16, 2000
---------------------------
(Date)
/s/ Samuel W. Lee
---------------------------
(Signature)
SAMUEL W. LEE
---------------------------
(Name and Title)
Page 6 of 6 Pages
<PAGE> 7
EXHIBIT INDEX
Exhibit Number Description
------------- -----------
1 Joint Filing Agreement between Beaumont
Capital Ltd. and Samuel Lee dated
November 16, 2000.
