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

SHORT-TERM BANK BORROWINGS (Tables)

v3.20.4
SHORT-TERM BANK BORROWINGS (Tables)
12 Months Ended
Sep. 30, 2020
SHORT-TERM BANK BORROWINGS  
Schedule of short-term bank borrowings

Short-term bank borrowings consisted of the following at September 30, 2020:

 

 

 

 

 

 

 

 

 

 

 

 

 

Bank Name

    

Amount - RMB

    

Amount - USD

    

Issuance Date

    

Expiration Date

    

Interest

 

Agricultural Bank - Longwan Branch

 

1,300,000

 

191,469

 

7/1/2020

 

6/1/2021

 

5.10

%

Agricultural Bank - Longwan Branch

 

3,000,000

 

441,852

 

2/28/2020

 

2/1/2021

 

2.85

%

Agricultural Bank - Longwan Branch

 

5,750,000

 

846,883

 

7/9/2020

 

7/1/2021

 

5.10

%

Agricultural Bank - Longwan Branch

 

6,000,000

 

883,704

 

8/10/2020

 

8/1/2021

 

5.10

%

Agricultural Bank - Longwan Branch

 

6,190,000

 

911,688

 

11/4/2019

 

11/1/2020

 

5.66

%

Agricultural Bank - Longwan Branch

 

7,580,000

 

1,116,413

 

8/14/2020

 

8/13/2021

 

5.10

%

Agricultural Bank - Longwan Branch

 

8,000,000

 

1,178,273

 

11/13/2019

 

11/11/2020

 

5.66

%

Agricultural Bank - Longwan Branch

 

8,700,000

 

1,281,372

 

12/23/2019

 

12/1/2020

 

5.70

%

Bank of China

 

4,250,000

 

625,957

 

9/7/2020

 

9/2/2021

 

5.27

%

Bank of China

 

5,750,000

 

846,883

 

9/3/2020

 

8/31/2021

 

5.27

%

China Merchants Bank

 

16,500,000

 

2,430,187

 

12/13/2019

 

12/20/2020

 

4.55

%

Industrial Bank

 

1,000,000

 

147,284

 

6/2/2020

 

3/2/2021

 

5.50

%

Industrial Bank

 

1,900,000

 

279,840

 

12/26/2019

 

12/26/2020

 

5.22

%

Industrial Bank

 

3,000,000

 

441,852

 

11/1/2019

 

10/21/2020

 

6.00

%

Industrial Bank

 

5,000,000

 

736,420

 

10/30/2019

 

10/30/2020

 

6.00

%

Industrial Bank

 

5,000,000

 

736,420

 

10/31/2019

 

10/26/2020

 

6.00

%

China Minsheng Bank

 

2,800,000

 

412,395

 

6/11/2020

 

6/11/2021

 

5.80

%

China Minsheng Bank

 

3,000,000

 

441,852

 

6/12/2020

 

6/12/2021

 

5.80

%

CZBANK

 

550,000

 

81,006

 

4/9/2020

 

11/26/2020

 

6.00

%

CZBANK

 

1,105,000

 

162,749

 

4/13/2020

 

11/20/2020

 

6.00

%

CZBANK

 

1,580,000

 

232,709

 

4/16/2020

 

11/23/2020

 

6.00

%

CZBANK

 

2,140,000

 

315,188

 

4/10/2020

 

12/10/2020

 

6.00

%

CZBANK

 

2,970,000

 

437,434

 

4/10/2020

 

1/6/2021

 

6.00

%

CZBANK

 

4,610,000

 

678,980

 

4/17/2020

 

12/24/2020

 

6.00

%

CZBANK

 

1,980,000

 

291,622

 

4/13/2020

 

10/23/2020

 

6.00

%

Bank of Communications

 

3,300,000

 

486,037

 

2/13/2020

 

2/9/2021

 

6.15

%

Bank of Communications

 

5,000,000

 

736,425

 

2/11/2020

 

2/9/2021

 

6.15

%

Total

 

117,955,000

 

17,372,894

 

  

 

  

 

  

 

 

Short-term bank borrowings consisted of the following at September 30, 2019:

 

 

 

 

 

 

 

 

 

 

 

 

 

Bank Name

    

Amount - RMB

    

Amount - USD

    

Issuance Date

    

Expiration Date

    

Interest

 

Agricultural Bank - Longwan Branch

 

6,190,000

 

866,013

 

11/5/2018

 

11/1/2019

 

6.09

%

Agricultural Bank - Longwan Branch

 

8,000,000

 

1,119,241

 

11/19/2018

 

11/18/2019

 

6.09

%

Agricultural Bank - Longwan Branch

 

8,700,000

 

1,217,175

 

1/2/2019

 

1/1/2020

 

6.09

%

Agricultural Bank - Longwan Branch

 

5,750,000

 

804,455

 

7/23/2019

 

7/22/2020

 

6.65

%

Agricultural Bank - Longwan Branch

 

4,300,000

 

601,592

 

8/1/2019

 

7/1/2020

 

6.65

%

Agricultural Bank - Longwan Branch

 

6,000,000

 

839,431

 

8/26/2019

 

8/25/2020

 

5.66

%

Bank of China

 

2,850,000

 

398,730

 

9/11/2019

 

9/9/2020

 

5.27

%

Bank of China

 

4,250,000

 

594,597

 

9/24/2019

 

9/22/2020

 

5.27

%

Bank of China

 

3,400,000

 

475,677

 

9/20/2019

 

9/18/2020

 

5.27

%

China Merchants Bank

 

13,500,000

 

1,888,719

 

12/14/2018

 

12/9/2019

 

5.44

%

China Merchants Bank

 

3,000,000

 

419,715

 

3/20/2019

 

12/9/2019

 

5.44

%

China Merchants Bank

 

1,955,000

 

273,516

 

9/3/2019

 

2/29/2020

 

4.35

%

Industrial Bank

 

1,000,000

 

139,905

 

12/5/2018

 

12/4/2019

 

6.50

%

Industrial Bank

 

7,000,000

 

979,336

 

11/8/2018

 

11/8/2019

 

6.50

%

Industrial Bank

 

6,000,000

 

839,431

 

11/12/2018

 

11/5/2019

 

6.50

%

China Minsheng Bank

 

3,000,000

 

419,715

 

6/19/2019

 

6/19/2020

 

6.74

%

China Minsheng Bank

 

2,880,000

 

402,927

 

6/20/2019

 

6/20/2020

 

6.74

%

Ping An Bank

 

3,600,000

 

503,659

 

9/20/2019

 

9/20/2020

 

7.96

%

CZBANK

 

3,200,000

 

447,696

 

8/9/2019

 

4/10/2020

 

6.00

%

CZBANK

 

4,700,000

 

657,554

 

8/14/2019

 

4/14/2020

 

6.00

%

CZBANK

 

1,500,000

 

209,858

 

8/12/2019

 

4/14/2020

 

6.09

%

CZBANK

 

1,000,000

 

139,905

 

9/11/2019

 

4/9/2020

 

6.00

%

CZBANK

 

3,000,000

 

419,715

 

9/12/2019

 

4/13/2020

 

6.00

%

CZBANK

 

2,600,000

 

363,753

 

9/17/2019

 

4/10/2020

 

6.00

%

Bank of Communications

 

4,500,000

 

629,573

 

7/25/2019

 

2/20/2020

 

7.80

%

Bank of Communications

 

4,500,000

 

629,573

 

7/26/2019

 

2/20/2020

 

7.40

%

Total

 

116,375,000

 

16,281,461

 

  

 

  

 

  

 

 

Schedule of carrying values of pledged assets to secure short-term borrowings

The carrying values of the Company’s pledged assets to secure short-term borrowings by the Company are as follows:

 

 

 

 

 

 

 

 

 

 

As of September 30, 

 

    

2020

    

2019

Accounts receivable

 

$

1,829,454

 

$

2,028,624

Buildings, net

 

 

4,409,238

 

 

4,312,115

Land use rights, net

 

 

411,067

 

 

402,622

Machinery, net

 

 

95,078

 

 

98,210

Inventory

 

 

2,651,113

 

 

1,608,909

Total

 

$

9,395,950

 

$

8,450,480