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CONCENTRATIONS AND CREDIT RISK
3 Months Ended 12 Months Ended
Jun. 30, 2012
Mar. 31, 2012
CONCENTRATIONS AND CREDIT RISK [Abstract]    
CONCENTRATIONS AND CREDIT RISK

NOTE 12 - CONCENTRATIONS AND CREDIT RISK

 

VENDORS AND ACCOUNTS PAYABLE CONCENTRATIONS

 

Vendor purchase concentrations for the interim period ended June 30, 2012 and for the period from April 11, 2011 (inception) through June 30, 2011 and accounts payable concentration at June 30, 2012 and March 31, 2012 are as follows:

 

    Net Purchases     Accounts Payable at  
          For the Period from              
          April 11, 2011              
    For the Interim     (inception)              
    Period Ended     through              
    June 30, 2012     June 30, 2012     June 30, 2011     March 31, 2012  
Asia Stevia Investment Development Limited     0.9 %     - %     0.5 %     - %
Growers Synergy Pte. Ltd. - related party     50.4 %     - %     43.3 %     16.4 %
Stevia Ventures Corporation     8.6 %     - %     - %     54.1 %
      58.9 %     - %     43.3 %     70.5 %

 

CREDIT RISK

 

Financial instruments that potentially subject the Company to significant concentration of credit risk consist primarily of cash and cash equivalents.

 

As of June 30, 2012, substantially all of the Company's cash and cash equivalents were held by major financial institutions, and the balance at certain accounts exceeded the maximum amount insured by the Federal Deposits Insurance Corporation ("FDIC"). However, the Company has not experienced losses on these accounts and management believes that the Company is not exposed to significant risks on such accounts.

 

NOTE 12 - CONCENTRATIONS AND CREDIT RISK

 

VENDORS AND ACCOUNTS PAYABLE CONCENTRATIONS

 

Vendor purchase concentrations for the period ended March 31, 2012 and accounts payable concentration at March 31, 2012 are as follows:

 

    Net Purchases        
    for the        
    Period from        
    April 11, 2011        
    (inception)     Accounts  
    through     Payable at  
    March 31, 2012     March 31, 2012  
             
Asia Stevia Investment Development Limited     38.0 %     - %
Growers Synergy Pte. Ltd. - related party     13.5 %     16.4 %
Stevia Ventures Corporation     14.4 %     54.1 %
      65.9 %     70.5 %

 

CREDIT RISK

 

Financial instruments that potentially subject the Company to significant concentration of credit risk consist primarily of cash and cash equivalents.

 

As of March 31, 2012, substantially all of the Company's cash and cash equivalents were held by major financial institutions, and the balance at certain accounts exceeded the maximum amount insured by the Federal Deposits Insurance Corporation ("FDIC"). However, the Company has not experienced losses on these accounts and management believes that the Company is not exposed to significant risks on such accounts.