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Note 11 -loan Payable: Loan Payable Table (Tables)
6 Months Ended
Oct. 31, 2016
Tables/Schedules  
Loan Payable Table

 

 

October 31, 2016

(unaudited)

April 30, 2016

 Loan from Min Wu, an employee of Qufu Shengren, due on October 5, 2016 with annual interest rate of 10% at October 6, 2015, which renewed for original RMB150,000 ($22,141) and the Company borrowed an additional RMB50,000 ($7,381) from Min Wu under the same terms on October 6, 2016 with new due date on October 5, 2017.

   $         29,522

   $         23,175

Loan from Weidong Cai, an employee of Qufu Shengren, due on September 21, 2016 with annual interest rate of 10% at September 22, 2015, which renewed for original RMB840,000 ($123,991) and the Company borrowed an additional RMB84,000 ($12,399) from Weidong Cai under the same terms on September 22, 2016 with new due date on September 21, 2017.

            136,390

            129,778

Loan from Jianjun Yan, non-related individual, due on October 6, 2015 with annual interest rate of 10% at October 7, 2014, which renewed on October 7, 2015 and October 7, 2016 with new due date on October 6, 2017.

            959,452

         1,004,232

Multiple loans from Jianjun Yan, non-related individual, due from October 5, 2016 through April 9, 2017, with annual interest rate of 10%, which were obtained during October 6, 2015 through April 10, 2016. RMB780,000 ($115,134) of the loan originally due on October 5, 2016 has been renewed for on the maturity date of October 6, 2016 with new due date on October 5, 2017.

            853,174

            892,995

Multiple loans from Jianjun Yan, non-related individual, due from June 19, 2017 through July 11, 2017, with annual interest rate of 10%, which were obtained during June 20, 2016 through July 12, 2016.

              59,043

                         0

Loan from Jianjun Yan, non-related individual, on October 31, 2016 with non-interest bearing and due on demand.

            118,086

                         0

Loan from Junzhen Zhang, non-related individual, due on October 5, 2016, with annual interest rate of 10% at October 6, 2015, which renewed on October 6, 2016 with new due date on October 5, 2016.

              22,141

              23,175

Loan from Jian Chen, non-related individual, due on January 26, 2017, with annual interest rate of 10% at January 27, 2016.

            107,754

            112,783

Loan from Qing Kong, non-related individual, due on March 6, 2017, with annual interest rate of 10% at March 7, 2016.

              59,043

              61,799

Loan from Guihai Chen, non-related individual, due on March 10, 2017, with annual interest rate of 10% at March 11, 2016.

              14,761

              15,450

Total

   $   2,359,366

   $   2,263,387