Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

SHORT-TERM BANK BORROWINGS (Tables)

v3.10.0.1
SHORT-TERM BANK BORROWINGS (Tables)
12 Months Ended
Sep. 30, 2018
Debt Disclosure [Abstract]  
Schedule of Short-term Debt [Table Text Block]
Short-term bank borrowings consisted of the following at September 30, 2018:
 
Bank Name
 
Amount - RMB
 
 
Amount - USD
 
 
Issuance Date
 
Expiration Date
 
Interest
 
Agricultural Bank - Longwan Branch
 
 
6,190,000
 
 
 
901,281
 
 
12/1/2017
 
11/25/2018
 
 
6.00
%
Agricultural Bank - Longwan Branch
 
 
8,000,000
 
 
 
1,164,822
 
 
1/18/2018
 
12/5/2018
 
 
6.00
%
Agricultural Bank - Longwan Branch
 
 
7,580,000
 
 
 
1,103,669
 
 
1/18/2018
 
10/8/2018
 
 
6.00
%
Agricultural Bank - Longwan Branch
 
 
8,700,000
 
 
 
1,266,744
 
 
1/29/2018
 
1/5/2019
 
 
6.22
%
Agricultural Bank - Longwan Branch
 
 
4,300,000
 
 
 
626,092
 
 
8/16/2018
 
8/15/2019
 
 
6.09
%
Agricultural Bank - Longwan Branch
 
 
5,750,000
 
 
 
837,216
 
 
8/21/2018
 
8/1/2019
 
 
6.09
%
Agricultural Bank - Longwan Branch
 
 
6,000,000
 
 
 
873,617
 
 
9/27/2018
 
9/1/2019
 
 
6.09
%
Bank of China
 
 
4,250,000
 
 
 
618,812
 
 
4/3/2018
 
4/2/2019
 
 
5.27
%
Bank of China
 
 
6,800,000
 
 
 
990,099
 
 
4/3/2018
 
4/2/2019
 
 
5.27
%
China Merchants Bank
 
 
15,000,000
 
 
 
2,184,042
 
 
12/12/2017
 
12/6/2018
 
 
5.44
%
China Merchants Bank
 
 
1,500,000
 
 
 
218,404
 
 
2/8/2018
 
12/1/2018
 
 
5.66
%
Industrial Bank
 
 
6,500,000
 
 
 
946,419
 
 
12/6/2017
 
12/3/2018
 
 
6.50
%
Industrial Bank
 
 
3,000,000
 
 
 
436,809
 
 
12/7/2017
 
11/27/2018
 
 
6.00
%
Industrial Bank
 
 
5,500,000
 
 
 
800,815
 
 
12/8/2017
 
11/20/2018
 
 
6.45
%
China Minsheng Bank
 
 
4,000,000
 
 
 
582,411
 
 
6/28/2018
 
3/31/2019
 
 
5.44
%
China Minsheng Bank
 
 
2,200,000
 
 
 
320,326
 
 
6/28/2018
 
3/31/2019
 
 
5.44
%
Ping An Bank
 
 
6,200,000
 
 
 
902,737
 
 
9/25/2018
 
9/25/2019
 
 
7.96
%
CZBANK
 
 
3,500,000
 
 
 
509,610
 
 
4/20/2018
 
10/19/2018
 
 
6.53
%
CZBANK
 
 
6,000,000
 
 
 
873,617
 
 
4/19/2018
 
10/18/2018
 
 
6.48
%
CZBANK
 
 
6,000,000
 
 
 
873,617
 
 
4/17/2018
 
10/16/2018
 
 
6.53
%
CZBANK
 
 
1,500,000
 
 
 
218,404
 
 
4/19/2018
 
10/18/2018
 
 
6.50
%
Bank of Communications
 
 
9,000,000
 
 
 
1,310,425
 
 
9/10/2018
 
9/7/2019
 
 
6.34
%
CZBANK
 
 
4,880,000
 
 
 
710,542
 
 
4/26/2018
 
4/26/2019
 
 
4.35
%
Total
 
 
132,350,000
 
 
 
19,270,530
 
 
 
 
 
 
 
 
 
Short-term bank borrowings consisted of the following at September 30, 2017:
 
Bank Name
 
Amount - RMB
 
 
Amount - USD
 
 
Issuance Date
 
Expiration Date
 
Interest
 
Agricultural Bank - Longwan Branch
 
 
5,580,000
 
 
 
838,530
 
 
1/13/2017
 
1/12/2018
 
 
5.44
%
Agricultural Bank - Longwan Branch
 
 
8,700,000
 
 
 
1,307,385
 
 
1/18/2017
 
1/17/2018
 
 
5.66
%
Agricultural Bank - Longwan Branch
 
 
5,750,000
 
 
 
864,076
 
 
8/17/2017
 
8/16/2018
 
 
5.44
%
Agricultural Bank - Longwan Branch
 
 
4,300,000
 
 
 
646,179
 
 
8/14/2017
 
8/13/2018
 
 
5.44
%
Agricultural Bank - Longwan Branch
 
 
6,000,000
 
 
 
901,646
 
 
9/22/2017
 
9/21/2018
 
 
5.65
%
Agricultural Bank - Longwan Branch
 
 
6,190,000
 
 
 
930,198
 
 
12/16/2016
 
12/11/2017
 
 
4.79
%
Agricultural Bank - Longwan Branch
 
 
10,000,000
 
 
 
1,502,743
 
 
1/10/2017
 
1/9/2018
 
 
4.79
%
Minsheng Bank
 
 
4,350,000
 
 
 
653,693
 
 
6/30/2017
 
6/30/2018
 
 
5.44
%
Minsheng Bank
 
 
3,250,000
 
 
 
488,391
 
 
6/30/2017
 
6/30/2018
 
 
5.44
%
Xingye Bank
 
 
6,500,000
 
 
 
976,783
 
 
9/4/2017
 
12/4/2017
 
 
6.50
%*
Zhejiang Commerce Bank
 
 
6,000,000
 
 
 
901,646
 
 
7/27/2017
 
4/20/2018
 
 
7.50
%
Zhejiang Commerce Bank
 
 
1,500,000
 
 
 
225,411
 
 
7/28/2017
 
4/20/2018
 
 
7.50
%
Bank of China - Longwan Branch
 
 
8,550,000
 
 
 
1,284,845
 
 
4/10/2017
 
3/29/2018
 
 
4.79
%
Xingye Bank
 
 
6,500,000
 
 
 
976,783
 
 
9/5/2017
 
12/20/2017
 
 
6.50
%*
Zhejiang Commerce Bank
 
 
10,500,000
 
 
 
1,577,880
 
 
7/28/2017
 
4/20/2018
 
 
7.50
%
Pingan Bank
 
 
7,960,000
 
 
 
1,196,183
 
 
9/27/2017
 
9/25/2018
 
 
6.09
%*
China Merchants Bank
 
 
5,400,000
 
 
 
811,481
 
 
12/20/2016
 
12/11/2017
 
 
5.44
%
China Merchants Bank
 
 
5,990,000
 
 
 
900,143
 
 
12/20/2016
 
12/11/2017
 
 
5.44
%
China Merchants Bank
 
 
5,000,000
 
 
 
751,371
 
 
12/20/2016
 
12/11/2017
 
 
5.44
%
China Merchants Bank
 
 
410,000
 
 
 
61,612
 
 
12/22/2016
 
12/11/2017
 
 
5.52
%
Bank of China - Longwan Branch
 
 
1,490,000
 
 
 
223,909
 
 
4/10/2017
 
3/29/2018
 
 
4.79
%
Bank of China - Longwan Branch
 
 
2,760,000
 
 
 
414,757
 
 
4/10/2017
 
3/29/2018
 
 
4.79
%
Xingye Bank
 
 
5,000,000
 
 
 
751,371
 
 
9/6/2017
 
12/14/2017
 
 
6.50
%*
Bank of Communications
 
 
3,000,000
 
 
 
450,823
 
 
5/10/2017
 
11/13/2017
 
 
7.60
%
Bank of Communications
 
 
3,000,000
 
 
 
450,823
 
 
4/18/2017
 
11/13/2017
 
 
7.12
%
Bank of Communications
 
 
3,000,000
 
 
 
450,823
 
 
4/14/2017
 
11/13/2017
 
 
6.30
%
Bank of Communications
 
 
3,000,000
 
 
 
450,823
 
 
4/19/2017
 
11/13/2017
 
 
7.60
%
Bank of Communications
 
 
2,300,000
 
 
 
345,630
 
 
5/11/2017
 
11/13/2017
 
 
7.60
%
Total
 
 
141,980,000
 
 
 
21,335,938
 
 
 
 
 
 
 
 
 
 
* These short-term borrowings were subject to variable interest rates.
Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block]
The carrying values of the Company's pledged assets to secure short-term borrowings by the Company are as follows:
 
 
 
As of September 30,
 
 
 
2018
 
 
2017
 
Term Deposit as Collateral
 
$
728,014
 
 
 $
-
 
Buildings, net
 
 
4,583,560
 
 
 
3,611,529
 
Land use rights, net
 
 
431,621
 
 
 
457,391
 
Machinery, net
 
 
154,795
 
 
 
281,355
 
Inventory
 
 
1,674,432
 
 
 
-
 
Total
 
$
7,572,422
 
 
$
4,350,275