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Short-term Bank Loans
6 Months Ended
Mar. 31, 2013
Short-term Bank Loans [Text Block]

7. Short-term Bank Loans

As of September 30, 2012 and March 31, 2013, the Company had several short-term bank loans and current maturities of long term loans with aggregate outstanding balances of $156,154,525 and $162,786,110, respectively. The loans were primarily obtained for general working capital, carried at interest rates ranging from 4.4% to 6.9% per annum, and had maturity dates ranging from 6 to 12 months. The loans are guaranteed by Mr. Xiangqian Li, who did not receive any compensation for acting as a guarantor. These facilities were also secured by the Company’s assets with the following carrying values:

      September 30,     March 31,  
      2012     2013  
  For short- term bank loans            
  Inventories $ 23,863,691   $ 24,163,958  
  Machinery and equipment, net   47,255,604     44,076,028  
  Land use rights, buildings and construction in            
  progress of BAK Industrial Park   107,140,980     105,336,168  
  Land use rights #1 of Tianjin Industrial Park Zone   23,970,502     23,907,306  
      202,230,777     197,483,460  
  For long- term bank loans (Note 8)            
  Land use right and construction in progress of   34,796,887     40,723,035  
  Research and Development Test Centre            
  For other long- term loans            
  Land use rights #2 of Tianjin Industrial Park Zone   9,566,555     9,577,458  
    $ 246,594,219   $ 247,783,953