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RELATED PARTY TRANSACTIONS
6 Months Ended
Dec. 31, 2012
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

NOTE 3 RELATED PARTY TRANSACTIONS

 

The Company had expenses and payables paid in its behalf by a shareholder in the amount of $2,765 during the quarter. The balance due the shareholder is $86,942 as of September 30, 2012. The aggregate amount of related party loans is non-interest bearing, unsecured and payable on demand. However, the Company imputes interest on the loan at 10% per annum. Imputed interest expense on related party loans for the three-month periods ended December 31, 2012 and 2011 totaled $2,430 and $1,962, respectively. During the six-month periods ended December 31, 2012 and 2011, the imputed interest expense on related party loans totaled $4,716 and $3,801, respectively.