hoping the bottom is in, page-21

Sorry Zen was being lazy.

OK debt profile (as at march)

Facility 1 - Interest rate 8.613%
80mil RMB , Drawn Down 77mil RMB (31 March). Repayment 5 Yrs from 1 July 2007
HOWEVER 15Mil RMB due prior to June 30 2008.


Facility 2 - Interest rate USD Prime + 0.25%
$1mil revolving line of credit, Fully drawn (31 march)

Facility 3 - Interest rate 5.994%
$8.894mil RMB, drawn down 5.994mil RMB. Repayment Dec 2008

Facility 4 - 6.24%
$223k AU (mac bank), no specific date for repayment

Debt assumed thorugh acq of Novalux
Facility 1 - 10%
$9mil USD, fully drawn, Matures Jan 12, interest only for 12 months. principle of $250k per annum from Feb 09

Facility 2 - 18.86
$1.73mil USD, fully drawn, matures August 2010

Currently as per google search

1 Chinese yuan = 0.143421 U.S. dollars




Ok so by my reckoning near term debt totals some $2.15 mil USD excluding Mac Bank (may want their coin may not). However depending on the wording of the finance doc the $2.15 may be $1.72mil USD. (have only drawn down to 77mil RMB rather than 80mil)
December sees another $859k US due

So in the scheme of things the company has more than enough money when cash on hand at the end of the quarter was $4mil AUD and Simon Cao has pledged up to $14mil AUD to cover AR positions at time of ann meeting.