Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Foreign Currency Translation (Policies)

6 Months Ended

Sep. 30, 2015

Policies

Foreign Currency Translation

Foreign currency translation

The accounts of the Company’s Chinese subsidiary are maintained in RMB and the accounts of the U.S. parent company are maintained in USD. The accounts of the Chinese subsidiary were translated into USD in accordance with Accounting Standards Codification (“ASC”) Topic 830 “Foreign Currency Matters”. According to Topic 830, all assets and liabilities were translated at the exchange rate on the balance sheet date; stockholders’ equity is translated at historical rates and statement of income items are translated at the weighted average exchange rate for the period. The resulting translation adjustments are reported under other comprehensive income in accordance with ASC Topic 220, “Comprehensive Income.” Gains and losses resulting from the foreign currency transactions are reflected in the statements of income.

Translation adjustments resulting from this process amounted to $(3,121,306) and $(71,893) for the three months ended September 30, 2015 and 2014, and $(2,765,241) and $(77,648) for the six months ended September 30, 2015 and 2014, respectively. 

The following exchange rates were used to translate the amounts from RMB into United States dollars (“USD”) for the respective periods:

	September 30,		September 30,
	2015		2014
Period End Exchange Rate (RMB/USD)		6.3613		6.1525
Average Period Exchange Rate (RMB/USD)		6.1900		6.1568