CONCENTRATION AND RISK

9 Months Ended

Mar. 31, 2012

Concentration Risk Disclosure [Text Block]

16.

CONCENTRATION AND RISK

The Company’s operations are carried out in the PRC. Accordingly, the Company’s business, financial condition and results of operations may be influenced by the political, economic and legal environment in the PRC, and by the general state of the PRC economy. The Company’s operations in the PRC are subject to specific considerations and significant risks not typically associated with companies in North America and Western Europe. The Company’s results may be affected by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things.

(a)

Major customers

The Company had 4 and 4 customers that individually comprised 52% and 36% of net revenue for the three months ended March 31, 2012 and March 31, 2011, respectively.

The Company had 4 and 4 customers that individually comprised 50% and 34% of net revenue for the nine months ended March 31, 2012 and March 31, 2011, respectively.

	Three months ended March 31,									Nine months ended March 31,
CUSTOMERS	2012 Revenues				2011 Revenues					2012 Revenues				2011 Revenues
Customer A	$	1,498,974	16	%	$	1,628,405	20	%		$	3,573,853	14	%	$	3,879,590	17	%
Customer B		1,331,832	14	%		-	-				3,301,063	13	%		-	-
Customer C		1,088,814	12	%		772,912	10	%			2,858,909	11	%		2,350,929	10	%
Customer D		981,934	10	%		487,828	6	%			3,010,237	12	%		1,553,014	7	%

Total:	$	4,901,554	52	%	$	2,889,145	36	%	Total:	$	12,744,062	50	%	$	7,783,533	34	%

	As of March 31, 2012					As of June 30, 2011
CUSTOMERS	Accounts Receivable					Accounts Receivable
Customer A	$	1,723,824	18	%		$	1,896,141	30	%
Customer B		1,433,571	15	%			506,479	8	%
Customer C		1,160,969	12	%			583,517	9	%
Customer D		1,041,242	11	%			470,407	7	%

Total:	$	5,359,606	56	%	Total:	$	3,456,544	54	%

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

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-Section 50

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-URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6404-108592

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Statement of Position (SOP)

-Number 94-6

-Paragraph 21, 22, 24

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

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-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13537-108611

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 15A

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 275

-SubTopic 10

-Section 50

-Paragraph 21

-URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6442-108592

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 20

-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13531-108611

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 275

-SubTopic 10

-Section 50

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-URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6351-108592

+ Details

MAN SHING AGRICULTURAL HOLDINGS, INC 10-Q