Dragon International Group Corp ("Dragon International") manufactures and distributes high end packaging products utilized in the packaging of pharmaceuticals as well as food and beverages and operates as an agent of pulp and related paper products. Dragon International was listed on OTCBB in October, 2004.
With the acquisition of Shanghai Jinkui Packaging Material Co., Ltd ("Jinkui") in June 2006, Dragon International trasitioned itself from manufacturing and distributing packaging products for tobacco, alcohol, gifts, cosmetics, tea to specialty packaging products, which creates a higher gross margin.
Dragon International holds an ISO9000 certificate and national license on import / export. The manufacturing facilities have reached advanced international standard and passed through state Good Manufacturing Process (GMP) inspection.
Our primary products are Cold forming blister aluminum foil, Tropical blister foil, PTP blister foil, SP laminated strip pack, AL/PE laminated strip pack, and Laminates for suppositories, including 8 series and a wide varieties. We are the pharmaceutical materials supplier for the markets in China as well as in Southeast Asia, Africa and South America
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Company website: http://www.drgg.net |
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Contact Information: |
Dragon International Group Corp.
No. 201, Guangyuan Road, District C
Investment Pioneering Park Jiangbei
Ningbo, China 315033
Tel: 86-574-83070703
Fax: 86-574-83070757
Dragon International Group Corp.
U.S. Representative Office
431 Fairway Drive, Suite 200
Deerfield Beach, FL 33441
Office: 954.363.7333 ext. 315
Fax: 954.363.7320
Info@DRGG.us
Share structure:
A/S - 225,000,000
O/S - 134,752,772 (per US Rep's office 3/1/2011)
Latest Financial Info (taken from 10Q dated 5/19/09):
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CONSOLIDATED BALANCE SHEETS
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March 31, 2009
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June 30, 2008
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(Unaudited)
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ASSETS
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CURRENT ASSETS:
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Cash
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$ | 96,217 | $ | 139,714 | ||||
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Accounts receivable, net
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1,526,136 | 2,961,450 | ||||||
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Inventories
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2,435,135 | 2,701,656 | ||||||
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Advances on purchases
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6,494,989 | 5,034,567 | ||||||
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Other receivables
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102,595 | 57,536 | ||||||
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Prepaid expenses and other current assets
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85,452 | 39,291 | ||||||
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Subsidiaries held for sale
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- | 9,149,516 | ||||||
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Total Current Assets
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10,740,524 | 20,083,730 | ||||||
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CASH RESTRICTED
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- | 240,112 | ||||||
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PROPERTY AND EQUIPMENT - Net
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3,058,823 | 3,125,797 | ||||||
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IINTANGIBLE ASSETS
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3,104,923 | 2,813,666 | ||||||
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DEFERRED EXPENSE
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24,309 | 28,525 | ||||||
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TAXES RECEIVABLE
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35,206 | - | ||||||
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Total Assets
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$ | 16,963,785 | $ | 26,291,830 | ||||
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LIABILITIES AND STOCKHOLDERS' EQUITY
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CURRENT LIABILITIES:
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Notes payable - current portion
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$ | 4,569,200 | $ | 4,479,563 | ||||
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Notes payable - related party
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1,022,555 | 1,018,657 | ||||||
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Accounts payable
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2,775,766 | 2,921,503 | ||||||
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Accrued expenses
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334,125 | 283,616 | ||||||
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Advances from customers
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102,521 | 62,504 | ||||||
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Tax payable
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- | 40,015 | ||||||
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Due to related parties
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93,176 | - | ||||||
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Subsidiaries held for sale
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- | 6,186,118 | ||||||
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Total Current Liabilities
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8,897,343 | 14,991,976 | ||||||
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STOCKHOLDERS' EQUITY:
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Preferred stock $.001 Par Value; 25,000,000 Shares Authorized;
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No shares issued and outstanding
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- | - | ||||||
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Common stock $.001 Par Value; 200,000,000 Shares Authorized;
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134,752,772 and 117,033,022 shares issued and outstanding at March 31, 2009 and June 30, 2008, respectively
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134,753 | 117,033 | ||||||
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Additional paid-in capital
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12,329,088 | 11,640,962 | ||||||
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Accumulated deficit
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(5,586,098 | ) | (1,800,842 | ) | ||||
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Subscription receivable
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(187,413 | ) | - | |||||
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Other comprehensive income - foreign currency
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1,376,112 | 1,342,701 | ||||||
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Total Stockholders' Equity
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8,066,442 |
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