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LOANS RECEIVABLE FROM PROPERTY DEVELOPMENT PROJECTS (Tables) | 9 Months Ended
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Mar. 31, 2015
Loans Receivable From Property Development Projects Tables |
Companys loans receivable from property development projects | he following table presents TTCQ’s loans receivable from property development projects in China as of March 31, 2015. The exchange rate is based on the date published by the Monetary Authority of Singapore as of March 31, 2015.
| Loan Expiry |  | Loan Amount |  |  | Loan Amount |
Short-Term Loan Receivable | Date |  | (RMB) |  |  | (U.S. Dollars) |
JiangHuai (Project - Yu Jin Jiang An) | May 31, 2013 |  |  | 2,000 |  |  |  | 325 |
Less: allowance for impairment | Dec 31, 2013 |  |  | (2,000 | ) |  |  | (325 | )
Net loan receivable from property development projects |  |  |  | - |  |  |  | - |
| Loan Expiry |  | Loan Amount |  |  | Loan Amount |
Long-Term Loan Receivable | Date |  | (RMB) |  |  | (U.S. Dollars) |
Jun Zhou Zhi Ye | Oct 31, 2016 |  |  | 5,000 |  |  |  | 814 |
Less: transfer – down-payment for purchase of property |  |  |  | (5,000 | ) |  |  | (814 | )
Net loan receivable from property development projects |  |  |  | - |  |  |  | - |
The following table presents TTCQ’s loans receivable from property development projects in China as of June 30, 2014.
| Loan Expiry |  | Loan Amount |  |  | Loan Amount |
Short-Term Loan Receivable | Date |  | (RMB) |  |  | (U.S. Dollars) |
Investment in JiangHuai (Project - Yu Jin Jiang An) | May 31, 2013 |  |  | 2,000 |  |  |  | 325 |
Less: allowance for doubtful receivables | Dec 31, 2013 |  |  | (2,000 | ) |  |  | (325 | )
Net loan receivable from property development projects |  |  |  | - |  |  |  | - |
| Loan Expiry |  | Loan Amount |  |  | Loan Amount |
Long-Term Loan Receivable | Date |  | (RMB) |  |  | (U.S. Dollars) |
Jun Zhou Zhi Ye | Oct 31, 2016 |  |  | 5,000 |  |  |  | 805 |
Net loan receivable from property development projects |  |  |  | 5,000 |  |  |  | 805 |

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