content: <PAGE> 1
  
  
  ==========================================================================
  
  
                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington D.C.  20549
  
  
                                   FORM 8-K
  
  
                                CURRENT REPORT
    Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  
  
       Date of Report (Date of earliest event reported):  March 2, 2000
  
  
                       EURO TRADE & FORFAITING, INC.
          (Exact name of Registrant as specified in its charter)
  
  
                                     Utah
                           (State of Incorporation)
  
  
            000-26031                                87-0571580
     (Commission File Number)           (I.R.S. Employer Identification No.)
  
  
  Suite 1620 - 400 Burrard Street, Vancouver, British Columbia, Canada V6C 3A6
          (Address of principal executive offices, including zip code)
  
  
                                (604) 683-5767
             (Registrant's telephone number, including area code)
  
  
  ==========================================================================
  
  
  <PAGE> 2
  
  
  ITEM 1.   CHANGES IN CONTROL OF REGISTRANT.
  
  Pursuant to a Schedule 13D/A dated March 6, 2001 filed by Beaumont Capital
  Ltd. ("Beaumont") and Samuel W. Lee, Beaumont announced that effective
  March 2, 2001 it acquired 11,000,000 shares of common stock of Euro Trade
  & Forfaiting, Inc. ("Euro Trade") in a private transaction for in
  aggregate $2,750,000.  The purchase price was paid from Beaumont's working
  capital.  Beaumont acquired the 11,000,000 shares from MFC Merchant Bank S.A.
  ("Merchant Bank").  The shares had been previously pledged to Merchant Bank
  by Collingwood Investments Limited ("Collingwood") and North Cascade Limited
  ("North Cascade") pursuant to a Loan Agreement and a Securities Pledge
  Agreement each dated for reference January 31, 2000 (collectively, the
  "Agreements").  Merchant Bank disposed of the shares to Beaumont upon the
  realization by Merchant Bank of the shares upon an event of
  default by North Cascade and Collingwood under the Agreements.
  
  Beaumont had previously acquired 2,470,000 units of Euro Trade for in
  aggregate $3,334,500 on November 14, 2000.  The purchase price was paid
  from Beaumont's working capital.  Each unit is comprised of one share of
  common stock of Euro Trade and one share purchase warrant which entitles
  the holder to one further share of common stock of Euro Trade at a price
  of $1.35 per share for a period of five years from the date of issuance of
  the share purchase warrant.
  
  As a result, Beaumont now has beneficial ownership over an aggregate of
  13,470,000 shares of common stock and share purchase warrants to acquire
  an additional 2,470,000 shares of common stock of Euro Trade,
  representing, in aggregate, approximately 53% of the issued and
  outstanding shares of common stock of Euro Trade on a basic basis
  and approximately 58% on a diluted basis.  Samuel W. Lee owns all of the
  issued and outstanding voting securities of Beaumont and has indirect
  beneficial ownership of the aforementioned securities of Euro Trade.
  
  
  <PAGE> 3
  
  
                                      SIGNATURES
  
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  Registrant has duly caused this report to be signed on its behalf by the
  undersigned, thereunto duly authorized.
  
  
  
  Registrant:   EURO TRADE & FORFAITING, INC.
                --------------------------------------------
  
  By:           /s/ Michael J. Smith
                --------------------------------------------
                MICHAEL J. SMITH, DIRECTOR
  
  
  Date:         March 15, 2001
                --------------------------------------------
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metadata_filer: {"company-data": {"conformed-name": "EURO TRADE FORFAITING INC", "cik": "0001075249", "assigned-sic": "6199", "irs-number": "870571580", "state-of-incorporation": "UT", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-26031", "film-number": "1570722"}, "business-address": {"street1": "9 KING STREET", "street2": "THIRD FLOOR", "city": "LONDON ENGLAND  EC2V", "state": "X0", "phone": "8172671866"}, "mail-address": {"street1": "9 KING STREET", "street2": "THIRD FLOOR", "city": "LONDON ENGLAND   EC2", "state": "X0"}}
text: 1
  
  ==========================================================================
  
                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington D.C.  20549
  
                                   FORM 8-K
  
                                CURRENT REPORT
    Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  
       Date of Report (Date of earliest event reported):  March 2, 2000
  
                       EURO TRADE & FORFAITING, INC.
          (Exact name of Registrant as specified in its charter)
  
                                     Utah
                           (State of Incorporation)
  
            000-26031                                87-0571580
     (Commission File Number)           (I.R.S. Employer Identification No.)
  
  Suite 1620 - 400 Burrard Street, Vancouver, British Columbia, Canada V6C 3A6
          (Address of principal executive offices, including zip code)
  
                                (604) 683-5767
             (Registrant's telephone number, including area code)
  
  ==========================================================================
  2
  
  ITEM 1.   CHANGES IN CONTROL OF REGISTRANT.
  
  Pursuant to a Schedule 13D/A dated March 6, 2001 filed by Beaumont Capital
  Ltd. ("Beaumont") and Samuel W. Lee, Beaumont announced that effective
  March 2, 2001 it acquired 11,000,000 shares of common stock of Euro Trade
  & Forfaiting, Inc. ("Euro Trade") in a private transaction for in
  aggregate $2,750,000.  The purchase price was paid from Beaumont's working
  capital.  Beaumont acquired the 11,000,000 shares from MFC Merchant Bank S.A.
  ("Merchant Bank").  The shares had been previously pledged to Merchant Bank
  by Collingwood Investments Limited ("Collingwood") and North Cascade Limited
  ("North Cascade") pursuant to a Loan Agreement and a Securities Pledge
  Agreement each dated for reference January 31, 2000 (collectively, the
  "Agreements").  Merchant Bank disposed of the shares to Beaumont upon the
  realization by Merchant Bank of the shares upon an event of
  default by North Cascade and Collingwood under the Agreements.
  
  Beaumont had previously acquired 2,470,000 units of Euro Trade for in
  aggregate $3,334,500 on November 14, 2000.  The purchase price was paid
  from Beaumont's working capital.  Each unit is comprised of one share of
  common stock of Euro Trade and one share purchase warrant which entitles
  the holder to one further share of common stock of Euro Trade at a price
  of $1.35 per share for a period of five years from the date of issuance of
  the share purchase warrant.
  
  As a result, Beaumont now has beneficial ownership over an aggregate of
  13,470,000 shares of common stock and share purchase warrants to acquire
  an additional 2,470,000 shares of common stock of Euro Trade,
  representing, in aggregate, approximately 53% of the issued and
  outstanding shares of common stock of Euro Trade on a basic basis
  and approximately 58% on a diluted basis.  Samuel W. Lee owns all of the
  issued and outstanding voting securities of Beaumont and has indirect
  beneficial ownership of the aforementioned securities of Euro Trade.
  3
  
                                      SIGNATURES
  
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  Registrant has duly caused this report to be signed on its behalf by the
  undersigned, thereunto duly authorized.
  
  Registrant:   EURO TRADE & FORFAITING, INC.
                --------------------------------------------
  
  By:           /s/ Michael J. Smith
                --------------------------------------------
                MICHAEL J. SMITH, DIRECTOR
  
  Date:         March 15, 2001
                --------------------------------------------