Note 6 - Major Customer and Vendor

12 Months Ended

Mar. 31, 2016

Notes

Note 6 - Major Customer and Vendor

NOTE 6 - MAJOR CUSTOMER AND VENDOR

The Company sold products through ten distributors during the years ended March 31, 2016 and 2015. Sales to two distributors represented 26% and 21% of total sales for the year ended March 31, 2016. Sales to two distributors represented 36% and 29% of total sales for the year ended March 31, 2015.

The Company sold 16 and 11 products during the years ended March 31, 2016 and 2015. Sales of three products represented 56%, 12%, and 10% of total sales for the year ended March 31, 2016.  Sales of one product represented 71% of total sales for the year ended March 31, 2015.

The Company purchases its products from Shandong YCT according to the contract renewed on February 26, 2015 between the Company and Shandong YCT. Pursuant to the renewed two year contracts, for the period from February 26, 2015 to February 25, 2017, the Company can purchase 10 products from Shandong YCT on fixed prices. Total purchases from Shandong YCT represented 35% and 33% of our total purchases during the years ended March 31, 2016 and 2015, respectively. The revenue from sale of products purchased from Shandong YCT represented 34% and 29% of total revenue for the years ended March 31, 2016 and 2015, respectively. The purchases from two other vendors represented 31% and 19% of the Company’s total purchases for the year ended March 31, 2016. The purchases from two other vendors represented 34% and 27% of the Company’s total purchases for the year ended March 31, 2015.