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RELATED PARTY TRANSACTIONS
 9 Months Ended
Mar. 31, 2013
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 $2,050 during the quarter. The balance due the shareholder is $88,992 as of March 31, 2013. 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 March 31, 2013 and 2012 totaled $2,506 and $1,953, respectively. During the nine-month periods ended March 31, 2013 and 2012, the imputed interest expense on related party loans totaled $7,222 and $5,754, respectively.