Note 6 - Major Customer and Vendor

12 Months Ended

Mar. 31, 2015

Notes

Note 6 - Major Customer and Vendor

NOTE 6 - MAJOR CUSTOMER AND VENDOR

The Company sold products through ten and nine distributors during the years ended March 31, 2015 and 2014. Sales to two distributors represented 36% and 29% of total sales for the year ended March 31, 2015. Sales to two distributors represented 36% and 33% of total sales for the year ended March 31, 2014.

The Company sold 11 products during the year ended March 31, 2015 and 2014. Sales of one product represented 71% and 68% of total sales for the year ended March 31, 2015 and 2014, respectively.

The Company purchases its products from Shandong Yong Chun Tang (“Shandong YCT”) according to the contract signed on December 26, 2006 between the Company and Shandong YCT. On February 19, 2010, the Company renewed the Purchase and Sale Contract with Shandong YCT for a term of five years and this contract was subsequently renewed for another two years on February 26, 2015. Pursuant to the renewed contracts, we can purchase 10 products from Shandong YCT on fixed prices. Total purchases from Shandong YCT represented 33% and 35% of our total purchases during the years ended March 31, 2015 and 2014, respectively.  The purchases from two other vendors represented 34% and 27% of the Company’s total purchases for the year ended March 31, 2015. The purchases from three other vendors represented 42%, 20% and 3% of the Company’s total purchases for the year ended March 31, 2014.