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Dragon International Group Corp (fka DRGG) RSS Feed

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Dragon International

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

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):

CONSOLIDATED BALANCE SHEETS
 
   
March 31, 2009
   
June 30, 2008
 
   
(Unaudited)
       
ASSETS
       
CURRENT ASSETS:
           
    Cash
  $ 96,217     $ 139,714  
    Accounts receivable, net
    1,526,136       2,961,450  
    Inventories
    2,435,135       2,701,656  
    Advances on purchases
    6,494,989       5,034,567  
    Other receivables
    102,595       57,536  
    Prepaid expenses and other current assets
    85,452       39,291  
    Subsidiaries held for sale
    -       9,149,516  
        Total Current Assets
    10,740,524       20,083,730  
                 
CASH RESTRICTED
    -       240,112  
PROPERTY AND EQUIPMENT - Net
    3,058,823       3,125,797  
IINTANGIBLE ASSETS
    3,104,923       2,813,666  
DEFERRED EXPENSE
    24,309       28,525  
TAXES RECEIVABLE
    35,206       -  
        Total Assets
  $ 16,963,785     $ 26,291,830  
                 
LIABILITIES AND STOCKHOLDERS' EQUITY
         
                 
CURRENT LIABILITIES:
               
    Notes payable - current portion
  $ 4,569,200     $ 4,479,563  
    Notes payable - related party
    1,022,555       1,018,657  
    Accounts payable
    2,775,766       2,921,503  
    Accrued expenses
    334,125       283,616  
    Advances from customers
    102,521       62,504  
    Tax payable
    -       40,015  
    Due to related parties
    93,176       -  
    Subsidiaries held for sale
    -       6,186,118  
        Total Current Liabilities
    8,897,343       14,991,976  
                 
STOCKHOLDERS' EQUITY:
               
Preferred stock $.001 Par Value; 25,000,000 Shares Authorized;
         
No shares issued and outstanding
    -       -  
Common stock $.001 Par Value; 200,000,000 Shares Authorized;
         
134,752,772 and 117,033,022 shares issued and outstanding at March 31, 2009 and June 30, 2008, respectively
    134,753       117,033  
    Additional paid-in capital
    12,329,088       11,640,962  
    Accumulated deficit
    (5,586,098 )     (1,800,842 )
    Subscription receivable
    (187,413 )     -  
    Other comprehensive income - foreign currency
    1,376,112       1,342,701  
        Total Stockholders' Equity
    8,066,442       11,299,854  
                 
        Total Liabilities and Stockholders' Equity
  $ 16,963,785     $ 26,291,830  
                 
                 
See notes to consolidated financial statements
 


With 134,752,772 shares outstanding and equity of $8,066,442 the valuation is .059 per share.

 

 

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