NOTE 6 - SHORT-TERM BORROWINGS FROM BANKS

3 Months Ended

Sep. 30, 2011

Short-term Debt [Text Block]

NOTE 6 – SHORT-TERM BORROWINGS FROM BANKS

Short-term borrowings from banks consisted of the following at:

	September 30, 2011		June 30, 2011
Loan dated June 2011, due to a financial institution, with principal  and monthly interest payments (interest rate of 8.90% per annum),  and the remaining balance due September, 2011, which was  extended to March 9, 2012.	$	127,173	$	139,134
Total	$	127,173	$	139,134