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EXCEL - IDEA: XBRL DOCUMENT - JD International LtdFinancial_Report.xls
10-K - JD International Ltdg6381.htm
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v2.4.0.6
Note Payable to Officer/Director
12 Months Ended
Sep. 30, 2012
Note Payable to Officer/Director  
Note Payable to Officer/Director

Note F - Note Payable to Officer/Director

 

On September 29, 2006, the Company and it’s sole officer and director, Glenn A. Little, acknowledged that outside funds are necessary to support the corporate entity and comply with the periodic reporting requirements of the Securities Exchange Act of 1934, as amended.  To this end, Mr. Little agreed to lend the Company up to$50,000 with a maturity period not to exceed two (2) years from the initial funding date at an interest rate of 6.0% per annum.  Through September 30, 2012 and 2011, respectively, Mr. Little has advanced approximately $84,400 and $69,400 under this agreement.  This loan matured on September 30, 2008 and is currently repayable upon demand.  At this time, Mr. Little has made no demand for payment.