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NOTE 6 - SHORT-TERM BORROWINGS FROM BANKS

6 Months Ended

Dec. 31, 2011

Short-term Debt [Text Block]

NOTE 6 – SHORT-TERM BORROWINGS FROM BANKS

Short-term borrowings from banks consisted of the following at:


		December 31, 2011				June 30, 2011
Loan dated June 2011, due to a financial institution, with principal and monthly interest payments (interest rate of 8.90% per annum), and the remaining balance due September, 2011, which was extended to March 9, 2012.		$	139,134			$	139,134
Total		$	139,134			$	139,134

- Definition

The entire disclosure for short-term debt.

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