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Note 6 - Short Term Loans: Schedule of Debt (Tables)
9 Months Ended
Jun. 30, 2014
Tables/Schedules  
Schedule of Debt

 

 

 

June 30, 2014

 

 

September 30,

2013

 

 

 

 

 

 

 

 

a) Loan payable to Nanchong City Bureau of Finance due on demand at fixed interest rate of 0.465% per month

 

$

649,600

 

 

$

650,400

 

 

 

 

 

 

 

 

 

 

b) Loan payable to Nanchong Commercial Bank due on January 24, 2014, which was paid in full in January 2014, at fixed interest rate of 6.6% per annum, guaranteed by a third party

 

 

-

 

 

 

813,000

 

 

 

 

 

 

 

 

 

 

c) Loan payable to Nanchong Commercial Bank due March 7, 2015, at fixed interest rate of 6.9% per annum, guaranteed by a third party.

 

 

812,000

-

 

 

 

 

 

 

 

 

 

 

d) Loan payable to Nanchong Commercial Bank due on July 1 , 2014, at fixed interest rate of 6.6%,  guaranteed by a third party

812,000

 (1)

813,000

 

 

 

 

 

 

 

 

 

e) Loan payable to Nanchong Bank of Communications due on July 1, 2014, at floating interest rate, guaranteed by third parties, Mr. Pu Fachun, Zhang Xuchu and Feng Ting, Hedi Medicines. 

 

 

812,000

 (2)

 

 

       813,000

 

 

 

 

 

 

 

 

 

 

f) Individual loans from unrelated parties, which are due on demand and bearing interests from 0% to 72% per annum

 

 

7,525,616

 

 

 

   2,256,400

 

 

 

 

 

 

 

 

 

 

Total Short Term Loans

 

$

10,611,216

 

 

$

5,345,800