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Short-term loan payable Table (Tables)
9 Months Ended
Jan. 31, 2018
Tables/Schedules  
Short-term loan payable Table

 

January 31, 2018

(unaudited)

April 30, 2017

Loan from Min Wu, an employee of Qufu Shengren, due on October 5, 2017, with an annual interest rate of 10% at October 6, 2016. Renewed on October 6, 2017 and accrued interest of RMB20,000 ($3,180) added to the original principal amount of RMB200,000 ($31,803), terms were not changed, with new due date on October 5, 2018.

   $            34,983

   $        29,005

Loans from Jianjun Yan, non-related individual, due on October 6, 2017, with an annual interest rate of 10% at October 7, 2016. Renewed on October 7, 2017 and accrued interest of RMB800,800 ($127,336) added to the original principal amount of RMB8,008,000 ($1,273,375), terms were not changed, with new due date on October 6, 2018.

           1,400,711

       1,161,354

Loans from Jianjun Yan, non-related individual, due on March 30, 2018, with annual interest rate of 4% at March 31, 2017. Repaid partial principal amount of $375,077 on August 23, 2017.

           1,192,596

       1,450,242

Loan from Junzhen Zhang, non-related individual, due on October 5, 2017, with an annual interest rate of 10% at October 6, 2016. Renewed on October 6, 2017 and accrued interest ofRMB10,000 ($1,590) added to the original principal amount of RMB150,000 ($23,852), terms were not changed, with new due date on October 5, 2018.

                 25,442

             21,754

Loan from Jian Chen, non-related individual, due on January 26, 2018 and April 10, 2018, bearing an annual interest rate of 10%, with the principle amount of RMB700,000 ($111,309) and RMB300,000 ($47,704) at January 27, 2017 and April 11, 2017, respectively. On January 27, 2018, principle amount of RMB700,000 loan was extended anther one year.

               159,013

          145,024

Loan from Qing Kong, non-related individual, due on March 6, 2017, with an annual interest rate of 10% at March 7, 2016, which renewed on March 7, 2017 and accrued interest of RMB44,000 ($6,996) added to the original principal amount of RMB440,000 ($69,966), terms were not changed, with new due date on March 6, 2018.See Note 12

                 76,962

             63,811

Loan from Qing Kong, non-related individual, due on January 8,2019, with an annual interest rate of 10% at January 9,2018.

                 31,803

                       0

Loan from Guihai Chen, non-related individual, due on March 10, 2017, with an annual interest rate of 10% at March 11, 2016, which renewed on March 11, 2017 and accrued interest of RMB10,000 ($1,590) added to the original principal of RMB110,000 ($17,492), terms were not changed, with new due date on March 10, 2018. See Note 12

                 19,082

             15,953

Loan from Guihai Chen, non-related individual, due on September 20, 2018, with an annual interest rate of 10% at September 21, 2017.

                 31,803

                       0

Loan from Weifeng Kong, non-related individual, due on November 28, 2017, with an annual interest rate of 10% at November 29, 2016, extended another one year at on November 29, 2017.

                 31,803

             29,004

Loan from Shidong Wang, non-related individual, due on March 7, 2018, with an annual interest rate of 4% at March 8, 2017. See Note 12

           1,590,128

       1,450,242

Total

   $      4,594,326

   $  4,366,389