Note 12 Related Party Transactions

6 Months Ended

Sep. 30, 2012

Note 12 Related Party Transactions:

Note 12 Related Party Transactions

NOTE 12 RELATED PARTY TRANSACTIONS

Balance with related party	September 30, 2012	March 31, 2012
Payable to shareholders:
(a) Cheung Ming, stockholder	$   256,537	$          525,455
(b) Gu Yao, stockholder	$     -	$            12,841
(c) Vivian Choi, stockholder	$     66,748	$            88,998
Due from related party:
(d) Due from related party Beijing Kenon Bristro Catering Limited ("BJ Kenon")
Common stockholder, Gu Yao	$     -	$            19,194
(e) Sizegenic Holdings Limited group companies ("Sizegenic group")
Common stockholder, Cheung Ming	$   349,804	$          301,602
Due to related party:
(f) Frascona, Joiner, Goodman and Greenstein, P.C (“FJGG”)
Common stockholder, Gary Joiner	$     18,239	$            18,239
(g) Sizegenic Holdings Limited (“Sizegenic”)
Common stockholder, Cheung Ming	$          -	$              7,833

(a) The payables to Cheung Ming mainly represent payment by Cheung Ming on behalf of the Company for primarily the legal and professional expenses.  This advance is unsecured, non-interest bearing and without fixed repayment term.

(b) The payables to Gu Yao mainly represent cash advance by Gu Yao for operation need of Sino Wish.  This advance is unsecured, non-interest bearing and was fully repaid during the period.

(c)The payables to Vivian Choi mainly represent cash advance by Vivian for operation need of Sino Wish. This advance is unsecured, non-interest bearing and is repayable by four installments.

(d) The amount receivable from BJ Kenon mainly represents the franchise annual fee and termination fee income pursuant to the franchise agreement for a term of 3 years entered on April 1, 2010 and terminated on May 31, 2011.

(e) The amount receivable from Sizegenic group represents cash advance to Sizegenic Holdings Limited and its group companies for operation need.  These advances are unsecured, non-interest bearing.

(f) The amount payable to FJGG mainly represents the legal and professional fee for provision of legal advice, review and comment, and filing of statutory reports.

(g) The amount payable to Sizegenic mainly represents coffee supplies and franchise annual fee.