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Related Party Transactions
9 Months Ended
Mar. 31, 2017
Related Party Transactions [Abstract]  
Related Party Transactions

NOTE 3 RELATED PARTY TRANSACTIONS

 

The Company had expenses and payables paid on its behalf by shareholders in the amount of $2,192 for the three months ended March 31, 2017 and $10,897 for the nine months ended March 31, 2017. The balance due to shareholders is $141,989 and $131,092 as of March 31, 2017, 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 nine-month periods ended March 31, 2017, and 2016 totaled $15,508 and $13,196, respectively.