SHORT-TERM BANK BORROWINGS (Tables)

3 Months Ended

Jun. 30, 2012

Debt Disclosure [Abstract]

Schedule of Short-term Debt [Table Text Block]

Short-term bank borrowings comprise of the followings:

						As of June 30,				As of March 31,
		Note				2012				2012
						US$’000				US$’000

Short-term bank loans		(i)					71,839				52,090
Bills financing		(ii)					116,940				116,747

							188,779				168,837

Loans Collateralized By Assets [Table Text Block]

The loans are collateralized by assets of the Company with carrying values as follows:

						As of June 30,				As of March 31,
		Note				2012				2012
						US$’000				US$’000

Restricted bank balances		5					6,340				-
Long-term land lease prepayments and buildings							4,766				4,142
Trade receivables							11,093				11,090

							22,199				15,232

Guarantees Against Short Term Bank Loans [Table Text Block]

Various parties have also issued guarantee against these short-term bank loans as follows:

		As of June 30,				As of March 31,
		2012				2012
		US$’000				US$’000

Corporate and personal guarantees issued by related parties (Note 16(d))			28,842				24,524
Corporate guarantees issued by third parties			4,596				1,426
Corporate and personal guarantees issued jointly by realized parties and a third party (Note 16((d))			20,253				11,881

Bills Financing Collateralized By Assets [Table Text Block]

The bills financing are collateralized by assets of the Company with carrying values as follows:

						As of June 30,				As of March 31,
		Note				2012				2012
						US$’000				US$’000

Restricted bank balances		5					50,775				69,066
Long-term land lease prepayments							4,766				-
Available-for-sale financial assets							2,980				-

							58,521				69,066