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Note 9 - Short Term Loans: Schedule of Debt (Tables)
9 Months Ended
Jun. 30, 2013
Tables/Schedules  
Schedule of Debt

 

 

June 30, 2013

September 30, 2012

 

 

 

a) Loan payable to Nanchong City Bureau of

 

 

Finance due on demand at fixed interest rate of

 

 

0.465% per month.

$  648,000

$  636,365

 

 

 

b) Loan payable to Bank of Nanchong due

 

 

on January 30, 2014 at fixed interest rate of

 

 

0.55% per month.

  810,000

1,590,913

 

 

 

c) Individual loans from various unrelated

 

 

Investors.

100,000

100,000

 

 

 

d) Individual loans from unrelated parties at

 

 

monthly interest rates of 1%-6%, maturing

 

 

in 2013.

1,739,232

143,182

 

 

 

e)Loan payable to Evergrowing Bank at a

 

 

floating rate, due on April 15, 2013.

                 -

     715,911

 

 

 

Total Short Term Loans

$3,297,232

$3,186,371