NOTE 4 - RELATED PARTY TRANSACTIONS

9 Months Ended

Mar. 31, 2021

Notes

NOTE 4 - RELATED PARTY TRANSACTIONS

NOTE 4 – DEBT

Notes Payable Related Parties

As of March 31, 2021, 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	117,474	5%	34,625	June 30, 2020
December 12, 2017	25,000	29,369	2%	1,939	on demand
January 19, 2018	25,000	29,369	2%	1,878	on demand
March 13, 2018	25,000	29,369	2%	1,793	on demand
July 16, 2018	25,000	29,369	2%	1,592	on demand
September 10, 2018	25,000	29,369	2%	1,501	on demand
October 04, 2018	25,000	29,369	2%	1,463	on demand
December 27, 2018	25,000	29,369	2%	1,328	on demand
January 21, 2019	15,000	17,621	2%	772	on demand
February 26, 2019	25,000	29,369	2%	1,229	on demand
March 20, 2019	25,000	29,369	2%	1,194	on demand
April 08, 2019	20,000	23,495	2%	931	on demand
May 09, 2019	30,000	35,242	2%	1,336	on demand
June 21, 2019	30,000	35,242	2%	1,253	on demand
September 17, 2019	20,000	23,495	2%	722	on demand
October 04, 2019	20,000	23,495	2%	700	on demand
October 30, 2019	20,000	23,495	2%	667	on demand
January 08, 2020	10,000	11,747	2%	288	on demand
February 20, 2020	10,000	11,747	2%	261	on demand
March 06, 2020	15,000	17,621	2%	377	on demand
April 01, 2020	10,000	11,747	2%	234	on demand
May 05, 2020	15,000	17,621	2%	319	on demand
June 10, 2020	10,000	11,747	2%	189	on demand
July 27, 2020	10,000	11,747	2%	159	on demand
September 07, 2020	10,000	11,747	2%	132	on demand
September 21, 2020	10,000	11,747	2%	123	on demand
October 09, 2020	15,000	17,621	2%	167	on demand
December 03, 2020	10,000	11,747	2%	76	on demand
January 05, 2021	10,000	11,747	2%	55	on demand
Februay 11, 2021	10,000	11,747	2%	31	on demand
March 17, 2021	10,000	11,747	2%	9	on demand
Total	635,000	745,962		57,343

On July 27, 2020, September 07, 2020, September 21, 2020, October 09,2020, December 03,2020, January 05, 2021, February 11, 2021 and on March 17, 2021 a Company Director advanced amounts totaling 85,000 Euros ($101,515 as of March 31, 2021) to the Company. The loans are due on demand, accrue interest annually at 2% and are unsecured.    

As of March 31, 2021, all notes issued have total interest accrued of $57,343.

Interest expense for the nine-month period ended March 31, 2021 and 2020 was $13,273 and $10,357, respectively.