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Derivative INSTRUMENTS AND FOREIGN CURRENCY EXPOSURE (Tables)
12 Months Ended
Jan. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

Derivatives not designated as hedging instruments

 

Foreign Exchange Forward Contracts

 

    Three Months Ended     Years Ended  
    January 31,     January 31,  
    2013     2012     2013     2012  
Notional Value in USD   $ 5,526,710     $ 2779,785     $ 42,027,715     $ 12,730,191  
Loss reported in current operating expenses   $ (171,956 )   $ (99,183 )   $ (432,989 )   $ (230,110 )

 

Derivatives designated as hedging instruments

 

    As of
January 31, 2013
    As of
January 31, 2012
 
Notional value in USD   $ 6,944,040     $ 6,904,150  
                 
Gain and loss reported in equity as accumulated Other Comprehensive Income   $ 38,513     $ 123,313  
                 
Effect of derivative on Income Statement from Foreign currency cash flow hedge                
Gain (loss) reclassed from Other Comprehensive Income into current earning during:                

 

 

    Three Months Ended     Years Ended  
    January 31,     January 31,  
    2013     2012     2013     2012  
Reported in operating income (loss)   $ (8,618 )   $ 75,882     $ 24,374     $ 106,125