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Note 2 - Summary of Significant Accounting Policies: Statutory Reserve (Policies)
3 Months Ended
Nov. 30, 2012
Policies  
Statutory Reserve

Statutory Reserve

 

Subsidiaries incorporated in China are required to make appropriations to reserve funds, based on after-tax net income determined in accordance with generally accepted accounting principles of the People’s Republic of China (“PRC GAAP”).  Effective January 1, 2006, the Company is only required to contribute to one statutory reserve fund at 10% of net income after tax per annum, and any contributions are not to exceed 50% of the respective companies’ registered capital.

 

As of November 30, 2012, the Company has appropriated USD $31,263 to the statutory reserve.