NOTE 4 - RELATED PARTY TRANSACTIONS

6 Months Ended

Dec. 31, 2020

Notes

NOTE 4 - RELATED PARTY TRANSACTIONS

NOTE 4 – DEBT

Notes Payable Related Parties

As of December 31, 2020, the Company had outstanding the following loans payable due to a Company Director:

Date	Loan amount in EURO	Loan amount converted into USD	Interest rate	Interest  in USD	Due
March 06, 2015	100,000	122,240	5%	34,522	June 30, 2020
December 12, 2017	25,000	30,560	2%	1,867	on demand
January 19, 2018	25,000	30,560	2%	1,803	on demand
March 13, 2018	25,000	30,560	2%	1,715	on demand
July 16, 2018	25,000	30,560	2%	1,505	on demand
September 10, 2018	25,000	30,560	2%	1,412	on demand
October 04, 2018	25,000	30,560	2%	1,371	on demand
December 27, 2018	25,000	30,560	2%	1,231	on demand
January 21, 2019	15,000	18,336	2%	713	on demand
February 26, 2019	25,000	30,560	2%	1,129	on demand
March 20, 2019	25,000	30,560	2%	1,092	on demand
April 08, 2019	20,000	24,448	2%	848	on demand
May 09, 2019	30,000	36,672	2%	1,210	on demand
June 21, 2019	30,000	36,672	2%	1,123	on demand
September 17, 2019	20,000	24,448	2%	631	on demand
October 04, 2019	20,000	24,448	2%	608	on demand
October 30, 2019	20,000	24,448	2%	573	on demand
January 08, 2020	10,000	12,224	2%	240	on demand
February 20, 2020	10,000	12,224	2%	211	on demand
March 06, 2020	15,000	18,336	2%	301	on demand
April 01, 2020	10,000	12,224	2%	184	on demand
May 05, 2020	15,000	18,336	2%	241	on demand
June 10, 2020	10,000	12,224	2%	137	on demand
July 27, 2020	10,000	12,224	2%	105	on demand
September 07, 2020	10,000	12,224	2%	77	on demand
September 21, 2020	10,000	12,224	2%	68	on demand
October 09, 2020	15,000	18,336	2%	83	on demand
December 03, 2020	10,000	12,224	2%	19	on demand
Total	605,000	739,550		55,019

On July 27, 2020, September 07, 2020, September 21, 2020, October 09,2020 and on December 03,2020 a Company

Director advanced amounts totaling  55,000 Euros  ($65,192 as of December 31, 2020) to the Company.  The loans are due on demand, accrue interest annually at 2% and are unsecured.    

As of December 31, 2020, all notes issued have total interest accrued of $55,019.

Interest expense for the six-month period ended December 31, 2020 and 2019 was $8,693 and $6,690, respectively