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EXCEL - IDEA: XBRL DOCUMENT - RAINBOW INTERNATIONAL, CORP.Financial_Report.xls
10-Q - FORM 10-Q - RAINBOW INTERNATIONAL, CORP.rainbow10q2q12v1.htm
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EX-31 - EXHIBIT 31 - RAINBOW INTERNATIONAL, CORP.rainbow10q2q12ex31.htm
EX-32 - EXHIBIT 32 - RAINBOW INTERNATIONAL, CORP.rainbow10q2q12ex32.htm
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v2.4.0.6
Note 5 - Related Party Transactions
6 Months Ended
Nov. 30, 2012
Notes  
Note 5 - Related Party Transactions

Note 5 – Related Party Transactions:

During 2011, a Director of the Company loaned the Company an amount equal to $500.  The loan carries no stated interest and due on demand.

 

During 2012, a Director of the Company loaned the Company an amount equal to $5,060.  The loan carries no stated interest and due on demand.

 

In May 2012, a payment of $5,000 was applied to this account.  The balance at August 31, 2012 was $560.

 

During the period September 1, 2012 through November 30, 2012, a Director of the Company loaned the Company $351,020.  The loan carries no stated interest and is due on demand.

 

The balance of these related party transactions on November 30, 2012 was $356,580.