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

SHORT-TERM BANK BORROWINGS (Tables)

v3.21.4
SHORT-TERM BANK BORROWINGS (Tables)
12 Months Ended
Sep. 30, 2021
SHORT-TERM BANK BORROWINGS  
Schedule of short-term bank borrowings

Short-term bank borrowings consisted of the following at September 30, 2021:

    

    

Amount -

    

Issuance

    

Expiration

    

 

Bank Name

Amount - RMB

 USD

Date

Date

Interest

Bank of China

 

5,650,000

 

876,866

 

2021-08-30

 

2022-08-26

 

5.27

%

Bank of China

4,250,000

659,590

2021-09-06

2022-09-01

5.27

%

China Merchants Bank

 

7,000,000

 

1,086,383

 

2021-05-25

 

2021-11-24

 

4.55

%

China Merchants Bank

5,000,000

775,988

2021-05-31

2021-11-24

4.55

%

China Merchants Bank

4,000,000

620,790

2021-06-09

2021-11-24

4.55

%

Industrial Bank

 

6,000,000

 

931,185

 

2021-02-01

 

2022-02-01

 

5.22

%

Industrial Bank

7,000,000

1,086,383

2021-02-02

2022-01-26

5.22

%

China Minsheng Bank

 

45,000,000

 

6,983,890

 

2021-03-24

 

2022-03-20

 

4.50

%

China Minsheng Bank

 

9,000,000

 

1,396,778

 

2021-03-26

 

2022-03-20

 

4.50

%

China Minsheng Bank

3,000,000

465,593

2021-03-31

2022-03-20

4.50

%

China Minsheng Bank

4,000,000

620,790

2021-05-18

2022-05-18

4.50

%

China Minsheng Bank

5,000,000

775,988

2021-06-17

2022-06-10

3.50

%

China Minsheng Bank

5,000,000

775,988

2021-08-12

2022-08-11

3.50

%

China Minsheng Bank

5,000,000

775,988

2021-06-21

2022-06-23

3.50

%

CZBANK

 

980,000

 

152,094

 

2020-12-16

 

2021-11-18

 

5.50

%

CZBANK

 

1,000,000

 

155,198

 

2021-07-15

 

2022-04-07

 

5.60

%

CZBANK

 

4,600,000

 

713,909

 

2020-12-14

 

2021-11-11

 

5.50

%

CZBANK

 

2,140,000

 

332,123

 

2020-11-25

 

2021-11-09

 

5.50

%

CZBANK

 

1,960,000

 

304,187

 

2020-11-17

 

2021-11-02

 

5.80

%

CZBANK

1,275,000

197,877

2020-11-18

2021-11-04

5.80

%

CZBANK

2,000,000

310,395

2020-12-16

2021-11-16

5.50

%

CZBANK

2,000,000

310,395

2021-04-13

2022-04-11

6.00

%

Bank of Communications

 

7,000,000

 

1,086,383

 

2021-07-15

 

2022-07-06

 

4.65

%

Total

 

137,855,000

 

21,394,761

 

  

 

  

 

  

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

    

    

Amount -

    

Issuance

    

Expiration

    

 

Bank Name

Amount - RMB

 USD

Date

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

 

  

 

  

 

  

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, 

    

2021

    

2020

Accounts receivable

$

2,053,490

$

1,829,454

Buildings, net

 

4,508,834

 

4,409,238

Land use rights, net

 

419,721

 

411,067

Machinery, net

 

92,761

 

95,078

Inventory

 

2,793,556

 

2,651,113

Total

$

9,868,362

$

9,395,950