Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.Financial_Report.xls
10-Q - QUARTERLY REPORT - China Precision Steel, Inc.form10q.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R6.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R3.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R4.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R7.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R1.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R5.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R8.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R9.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R2.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R18.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R56.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R38.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R46.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R50.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R49.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R45.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R14.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R54.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R60.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R27.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R24.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R39.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R12.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R21.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R32.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R22.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R47.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R26.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R16.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R13.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R59.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R33.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R11.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R30.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R57.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R34.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R58.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R42.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R62.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R52.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R31.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R35.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R23.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R36.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R55.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R29.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R15.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R25.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R51.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R37.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R20.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R61.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R43.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R17.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R48.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R44.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R41.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R40.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R19.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R28.htm
EX-32 - EXHIBIT 32.1 - China Precision Steel, Inc.ex32-1.htm
EX-32 - EXHIBIT 32.2 - China Precision Steel, Inc.ex32-2.htm
EX-31 - EXHIBIT 31.1 - China Precision Steel, Inc.ex31-1.htm
EX-31 - EXHIBIT 31.2 - China Precision Steel, Inc.ex31-2.htm
XML - IDEA: XBRL DOCUMENT - China Precision Steel, Inc.R53.htm
v2.4.0.6
Concentrations of Business and Credit Risk
3 Months Ended
Sep. 30, 2012
Risks and Uncertainties [Abstract]  
Concentrations of Business and Credit Risk

4. Concentrations of Business and Credit Risk

 

The Company’s list of customers whose purchases from us were 10% or more of total sales during the three months ended September 30, 2012 and 2011 is as follows:

 

    2012     2011  
a. Customers   $     % to sales     $     % to sales  
Changshu Jiacheng Steel Plating Co., Ltd.     699,359       12       *       *  
Unimax & Far Corporation     637,147       11       *       *  
Shanghai Wozi Jintian Blade Co., Ltd.     607,652       10       *       *  
Shanghai Shengdejia Metal Co. Ltd     *       *       7,505,117       18  
Hangzhou Cogeneration Import & Export Co., Ltd.     *       *       7,504,827       18  
Shanghai Changshuo Steel Co., Ltd.     *       *       5,644,432       13  
Zhejiang Yongfeng Steel Co., Ltd.     *       *       5,271,256       13  

 

* Not 10% customers for the relevant periods

 

The Company’s list of suppliers whose sales to us exceeded 10% of our total purchases during the three months ended September 30, 2012 and 2011 is as follows:

 

    2012     2011  
b. Suppliers   $     % to
purchases
    $     % to
purchases
 
Hebei Nuojin Trading Co., Ltd.     1,611,038       29       *       *  
Shanghai Tuoda Metal Materials Co., Ltd.     1,174,399       21       *       *  
Shanghai Piyun Steel Co., Ltd.     *       *       9,450,311       26  
Dachang Huizu Baosheng Steel Products Co., Ltd.     *       *       7,117,889       20  
Wuxi Hangda Trading Co., Ltd.     *       *       4,386,389       12  

 

* Not 10% suppliers for the relevant periods

 

Our management continues to take appropriate actions to perform ongoing business and credit reviews of our customers to reduce our exposure to new and recurring customers who have been deemed to pose a high credit risk to our business based on their commercial credit reports, our collection history, and our perception of the risk posed by their geographic location. We have halted all our direct sales to customers located in the Philippines since the year ended June 30, 2009 as we consider the associated credit risk to be relatively high. Based on publicly available reports, such as that issued by A.M. Best, there is a high risk that financial volatility may erupt in that country due to inadequate reporting standards, a weak banking system or asset markets and/or poor regulatory structure. We expect to resume such exports when conditions improve.