Quarterly report pursuant to Section 13 or 15(d)

Loans and Notes Payable (Tables)

v3.19.1
Loans and Notes Payable (Tables)
3 Months Ended
Jan. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Loans and Notes Payable

    January 31,     October 31,  
    2019     2018  
             
Secured note payable to HSBC with interest payable on the 28th day of each month at 4.56% per annum. Our repayment obligation under this loan is a monthly amount of $43,777 (comprising both principal and interest repayment)   $ 1,410,216     $ 1,524,239  
                 
One of the subsidiaries had an unsecured working capital loan from the CEO of the Group. The note was repaid in full in December 2018 and carried an interest rate of 4.5%.     -       500,000  
                 
Total     1,410,216       2,024,239  
Less: current portion     (470,128 )     (964,695 )
Total Long-Term Loans and Notes Payable   $ 940,088     $ 1,059,544