STATUTORY RESERVES

12 Months Ended

Sep. 30, 2011

Statutory Reserves [Abstract]

Statutory Reserves [Text Block]

Note 9 - STATUTORY RESERVES

In accordance with the laws and regulations of the PRC, a wholly-owned Foreign Invested Enterprises income, after the payment of the PRC income taxes, shall be allocated to the statutory reserves. The allocation is 10 percent of income after tax and the cumulative allocations are not to exceed 50 percent of registered capital. However, voluntary allocations to statutory reserves are not prohibited. These reserves are not transferable to the Company in the form of cash dividends, loans or advances. These reserves are therefore not available for distribution except in liquidation. As of September 30, 2011 and 2010, the Company had allocated $500,088 and $146,429 in aggregate to these non-distributable reserve funds, respectively.