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EXCEL - IDEA: XBRL DOCUMENT - Fushi Copperweld, Inc.Financial_Report.xls
10-Q - FORM 10-Q - Fushi Copperweld, Inc.v325512_10q.htm
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v2.4.0.6
Loans and revolving line of credit (Tables)
9 Months Ended
Sep. 30, 2012
Loans and revolving line of credit [Abstract]  
Schedule of Loans by Lender

Loans consist of the following:

 

Name of lender   September 30,
2012
    December 31,
2011
 
    USD     USD  
             
BNP Paribas Fortis Bank short-term loan     2,828,320       -  
                 
Regions bank term loan - current portion     650,000       650,000  
                 
Regions bank term loan - noncurrent portion     4,550,000       5,037,500  
Walloon Region loan     2,571,200       2,594,600  
Long-term loans     7,121,200       7,632,100  

 

Repayment of Principal of Long-Term Loans for Five Following Years

Repayment of principal of long-term loans for each of the five years following September 30, 2012 is as follows:

 

    Amount  
      USD  
         
Period from October 1, 2012 to December 31, 2012     162,500  
Years ending December 31,        
2013     650,000  
2014     6,958,700  
2015     -  
2016     -  
2017     -  
Total     7,771,200