v2.4.0.6
SHORT-TERM BANK BORROWINGS (Tables)
 6 Months Ended
Sep. 30, 2012
Debt Disclosure [Abstract]  
Schedule of Short-term Debt [Table Text Block]

Short-term bank borrowings comprise of the followings:

 

          As of
September 30,		     As of
 March 31,		  
    Note     2012     2012  
          US$’000     US$’000  
                   
Short-term bank loans   (i)       80,554       52,090  
Bills financing   (ii)       100,612       116,747  
                         
              181,166       168,837  
Loans Collateralized By Assets [Table Text Block]
i) Short-term bank loans

 

Short-term bank loans represent amounts due to various banks which are due within 12 months, and these loans can normally be renewed with the banks upon expiry/maturity.

 

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

 

          As of
 September 30,		     As of
 March 31,		  
    Note     2012     2012  
          US$’000     US$’000  
                   
Restricted bank balances   5       6,973       -  
Long-term land lease prepayments and buildings             4,741       4,142  
Trade receivables             14,263       11,090  
                         
              25,977       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
 September 30,		     As of
 March 31,		  
    2012     2012  
    US$’000     US$’000  
             
Corporate and personal guarantees issued by related parties (Note 16(d))     35,182       24,524  
Corporate guarantees issued by third parties     -       1,426  
Corporate and personal guarantees issued jointly by realized parties and a third party (Note 16((d))     23,423       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
 September 30,		     As of
 March 31,		  
    Note     2012     2012  
          US$’000     US$’000  
                   
Restricted bank balances   5       39,128       69,066  
Long-term land lease prepayments             4,742       -  
Available-for-sale financial assets             2,980       -  
                         
              46,850       69,066