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Related Party Transactions
3 Months Ended
Sep. 30, 2016
Related Party Transactions [Abstract]  
Related Party Transactions

NOTE 3 RELATED PARTY TRANSACTIONS

 

The Company had expenses and payables paid in its behalf by shareholders in the amount of $6,228 for the three months ended September 30, 2016. The balance due to shareholders is $137,320 and $131,092 as of September 30, 2016 and June 30, 2016, respectively. 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 September 30, 2016 and 2015 totaled $4,951 and $4,181, respectively.