2.4.0.8000140 - Disclosure - Note 9- Debtstruefalsefalse1false falsefalseD130101_130630http://www.sec.gov/CIK0001388978duration2013-01-01T00:00:002013-06-30T00:00:001true 1us-gaap_DisclosureTextBlockAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Notes2false 2us-gaap_DebtDisclosureTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00NOTE 9 DEBTS   <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'>The Companys debts are summarized as follows:   <table border="0" cellspacing="0" cellpadding="0" style='line-height:115%;margin-left:26.25pt;border-collapse:collapse'> <tr align="left"> <td width="138" valign="bottom" style='width:103.15pt;padding:0'>   </td> <td width="103" valign="bottom" style='width:77.6pt;padding:0'>   </td> <td width="77" valign="bottom" style='width:58.0pt;padding:0'>   </td> <td width="155" colspan="2" valign="bottom" style='width:116.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>Effective <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>interest rate </td> <td width="155" colspan="2" valign="bottom" style='width:116.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>Outstanding balance </td> </tr> <tr align="left"> <td width="138" valign="bottom" style='width:103.15pt;border:none;border-bottom:solid black 1.0pt;padding:0'> Name of parties </td> <td width="103" valign="bottom" style='width:77.6pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>Due date </td> <td width="77" valign="bottom" style='width:58.0pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>Nature </td> <td width="77" valign="bottom" style='width:58.0pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>June 30, <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>2013 </td> <td width="77" valign="bottom" style='width:58.0pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>December 31, <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> 2012 </td> <td width="77" valign="bottom" style='width:58.0pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>June 30, <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>2013 </td> <td width="77" valign="bottom" style='width:58.0pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>December 31, <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> 2012 </td> </tr> <tr align="left"> <td width="138" valign="bottom" style='width:103.15pt;padding:0'>   </td> <td width="103" valign="bottom" style='width:77.6pt;padding:0'>   </td> <td width="77" valign="bottom" style='width:58.0pt;padding:0'>   </td> <td width="77" valign="bottom" style='width:58.0pt;padding:0'>   </td> <td width="77" valign="bottom" style='width:58.0pt;padding:0'>   </td> <td width="77" valign="bottom" style='width:58.0pt;padding:0'>   </td> <td width="77" valign="bottom" style='width:58.0pt;padding:0'>   </td> </tr> <tr align="left"> <td width="138" valign="bottom" style='width:103.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:9.0pt;margin-bottom:.0001pt;text-indent:-9.0pt;line-height:normal;background:#CCEEFF;text-autospace:none'>China Construction Bank </td> <td width="103" valign="bottom" style='width:77.6pt;background:#CCEEFF;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;background:#CCEEFF;text-autospace:none'>December18, 2013 </td> <td width="77" valign="bottom" style='width:58.0pt;background:#CCEEFF;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;background:#CCEEFF;text-autospace:none'>Secured </td> <td width="77" valign="bottom" style='width:58.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>7.8% </td> <td width="77" valign="bottom" style='width:58.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>7.8% </td> <td width="77" valign="bottom" style='width:58.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>1,384,650 </td> <td width="77" valign="bottom" style='width:58.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>1,357,450 </td> </tr> <tr align="left"> <td width="138" valign="bottom" style='width:103.15pt;background:white;padding:0in 0in 1.5pt 0in'>   </td> <td width="103" valign="bottom" style='width:77.6pt;background:white;padding:0in 0in 1.5pt 0in'>   </td> <td width="77" valign="bottom" style='width:58.0pt;background:white;padding:0in 0in 1.5pt 0in'>   </td> <td width="77" valign="bottom" style='width:58.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>  </td> <td width="77" valign="bottom" style='width:58.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>  </td> <td width="77" valign="bottom" style='width:58.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>  </td> <td width="77" valign="bottom" style='width:58.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>  </td> </tr> <tr align="left"> <td width="138" valign="bottom" style='width:103.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> Short term debt </td> <td width="103" valign="bottom" style='width:77.6pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'>   </td> <td width="77" valign="bottom" style='width:58.0pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'>   </td> <td width="77" valign="bottom" style='width:58.0pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>  </td> <td width="77" valign="bottom" style='width:58.0pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>  </td> <td width="77" valign="bottom" style='width:58.0pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>$1,384,650 </td> <td width="77" valign="bottom" style='width:58.0pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>$1,357,450 </td> </tr> <tr align="left"> <td width="138" valign="bottom" style='width:103.15pt;background:white;padding:0'>   </td> <td width="103" valign="bottom" style='width:77.6pt;background:white;padding:0'>   </td> <td width="77" valign="bottom" style='width:58.0pt;background:white;padding:0'>   </td> <td width="77" valign="bottom" style='width:58.0pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>  </td> <td width="77" valign="bottom" style='width:58.0pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>  </td> <td width="77" valign="bottom" style='width:58.0pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>  </td> <td width="77" valign="bottom" style='width:58.0pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>  </td> </tr> </table>   Total interest expense related to these debts for the six months ended June 30, 2013 and 2012 was $41,972 and $43,885 respectively.   As of June 30, 2013, the bank loans were secured by pledges of certain fixed assets and land use rights held by of the Company.falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 false0Note 9- DebtsfalseNote 9- DebtsUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://cngv/20130630/role/idr_DisclosureNote9Debts12