v2.4.0.6
Unaudited Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Mar. 31, 2012
ASSETS    
Cash and cash equivalents $ 10,381 $ 13,804
Restricted bank balances 71,669 90,628
Other financial assets 105 662
Trading securities 79 79
Trade receivables, net 3,436 12,705
Deposit paid for land auctions 0 31,262
Other receivables, net 14,523 15,804
Prepayments 564 3,150
Due from a related party 26 5
Inventories 25,428 22,414
Income taxes receivable 17 17
Assets classified as held for sale 32,206 0
Total current assets 158,434 190,530
Available-for-sale financial assets 2,980 2,980
Long-term land lease prepayments, net 5,011 5,061
Property, plant and equipment, net 55,049 46,121
Deposit for acquisition of land and property, plant and equipment 8,320 12,144
Total assets 229,794 256,836
LIABILITIES AND STOCKHOLDERS' EQUITY    
Trade payables 20,609 18,792
Notes payable 14,184 17,918
Accrued expenses and other accrued liabilities 23,532 20,124
Due to related parties 3,927 3,749
Short-term bank borrowings 181,166 168,837
Government subsidies 21 47
Total current liabilities 243,439 229,467
Deferred tax liabilities 460 460
Total non-current liabilities 460 460
Total liabilities 243,899 229,927
Commitments and contingencies 0 0
Stockholders' equity:    
Preferred stock, US$0.001 par value each: 10,000,000 shares authorized and no shares issued and outstanding 0 0
Common stock, US$0.001 par value each: 1,000,000,000 shares authorized 500,000,000 shares issued and outstanding 500 500
Capital reserves 144 144
Statutory reserves 4,003 4,003
Accumulated other comprehensive income 3,965 3,956
(Accumulated losses) Retained earnings (22,978) 17,890
Total CIEC stockholders' (deficit) equity (14,366) 26,493
Non-controlling interests 261 416
Total stockholders' (deficit) equity (14,105) 26,909
Total liabilities and stockholders' equity $ 229,794 $ 256,836