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EXCEL - IDEA: XBRL DOCUMENT - XINHUA CHINA LTDFinancial_Report.xls
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EX-31.2 - CERTIFICATION - XINHUA CHINA LTDxinhua_ex312.htm
EX-32.1 - CERTIFICATION - XINHUA CHINA LTDxinhua_ex321.htm
EX-31.1 - CERTIFICATION - XINHUA CHINA LTDxinhua_ex311.htm
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v2.4.0.6
CONCENTRATION OF RISK
12 Months Ended
Jun. 30, 2012
Risks and Uncertainties [Abstract]  
Note 9 - CONCENTRATION OF RISK
(A).   

Major Customers and Vendors

 

100% of the Company’s revenues were derived from customers located in the PRC, and there are no customers and vendors who account for 10% or more of revenues and purchases.  The Company’s assets are all located in the PRC.

 

(B).   

Credit Risk

 

There are no concentrations of credit risk because the Company, while in operation, entered into large number of cash sale transactions without deploying financial instruments, which may potentially drive to significant concentrations.

 

(C).   

Economic and Political Risk

 

The Company’s operations are conducted in the PRC. Accordingly, the Company’s business, financial condition, and results of operations may be influenced by changes in the political, economic, and legal environments in the PRC.

 

The Company’s operations in the PRC are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Company’s results may be adversely affected by changes in the political and social conditions in the PRC, and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad, and rates and methods of taxation, among other things.

 

(D).   

Environmental Risks

 

The Company has procured environmental licenses required by the PRC government. The Company has both a water treatment facility for water used in its production process and secure transportation to remove waste off site. In the event of an accident, the Company has purchased insurance to cover potential damage to employees, equipment, and local environment.

 

(E).   

Inflation Risk

 

Management monitors changes in prices levels. Historically inflation has not materially impacted the company’s financial statements; however, significant increases in the price of raw materials and labor that cannot be passed on the Company’s customers could adversely impact the Company’s results of operations.