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EXCEL - IDEA: XBRL DOCUMENT - China Grand Resorts, Inc.Financial_Report.xls
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EX-21.1 - EXHIBIT 21.1 SUBSIDIARIES OF CHINA GRAND RESORTS INC - China Grand Resorts, Inc.f10k093012_ex21z1.htm
EX-32.1 - EXHIBIT 32.1 SECTION 906 CERTIFICATIONS - China Grand Resorts, Inc.f10k093012_ex32z1.htm
10-K - FORM 10-K ANNUAL REPORT SEPTEMBER 30 2012 - China Grand Resorts, Inc.f10k093012_10k.htm
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EX-31.1 - EXHIBIT 31.1 SECTION 302 CERTIFICATIONS - China Grand Resorts, Inc.f10k093012_ex31z1.htm
v2.4.0.6
Related Party Transactions
12 Months Ended
Sep. 30, 2012
Related Party Transactions  
Related Party Transactions

(6) RELATED PARTY TRANSACTIONS

 

Loan from related parties

 

 

 

As of September 30,

 

 

2012

 

 

2011

 

 

 

 

 

 

Redrock Capital Venture Limited (a)

$

100,281

 

$

100,280

Beijing Hua Hui Hengye Investment Limited (b)

 

958,271

 

 

703,464

 

$

1,058,552

 

$

803,744

 

(a) Commencing in June 2009, we began receiving funds from Redrock Capital Venture Limited (“Redrock”), a shareholder, for working capital purpose. As of September 30, 2012, the amount due to Redrock is         $100,281, which is due on demand and bears no interest. Redrock is a shareholder holding equity interest of approximately 2.8%.

 

(b)   Commencing in October 2009, we began receiving funds amounting to approximately $958,271as of September 30, 2012 from Hua Hui, an 84.8% shareholder, for the working capital purpose. The amount is due on demand and bears interest at the prevailing rate charged by the PRC Central Bank. The interest accrued for the year ended September 30, 2012 amounted to approximately $42,219 and the effective interest rate of the loans was 5.5%. The interest accrued for the year ended September 30, 2011 amounted to approximately $28,127 and the effective interest rate of the loans was 4.38%.