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Note 13 Certain Risk and Concentration
6 Months Ended
Sep. 30, 2012
Note 13 Certain Risk and Concentration:  
Note 13 Certain Risk and Concentration

NOTE 13 CERTAIN RISK AND CONCENTRATION

 

Credit risk

 

As of September 30 and March 31, 2012, substantially all of the Company’s cash included bank deposits in accounts maintained within Hong Kong, the Company has not experienced any losses in such accounts and believes it is not exposed to any significant risks on its cash in bank accounts.

 

There were no significant customers or vendors which accounts for 10% or more of the Company’s revenues or purchases during the periods presented.

 

The Company also faces risk of non-renewal of franchise agreement by Sizegenic Holdings Limited for the right to operate the restaurants under the tradename “Caffe Kenon”.   Management considers the risk is minimal as Sizegenic is a related party to the Company.