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Short-term Bank Loans | 12 Months Ended
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Sep. 30, 2013
Short-term Bank Loans [Text Block] |
10. | Short-term Loans
(i) Short term bank loans As of September 30, 2012 and 2013, the Company had several short-term bank loans with aggregate outstanding balances of $151,381,787 and $151,404,677, respectively. The loans were primarily obtained for general working capital, carried at interest rates ranging from 4.40% to 15.00% per annum (2012: 4.40% to 7.22%), and had maturity dates ranging from 2 to 6 months. The loans are guaranteed by Mr. Xiangqian Li, the Company's CEO, and Ms. Xiaoqiu Yu, the wife of the CEO, 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:
|  |  | 2012 |  |  | 2013 |
| For short- term bank loans |  |  |  |  |  |
| Inventories | $ | 23,863,691 |  | $ | 24,505,399 |
| Accounts receivables, net |  | - |  |  | 31,392,774 |
| Machinery and equipment, net |  | 47,255,604 |  |  | 12,211,038 |
| Land use rights, buildings and construction in progress of BAK Industrial Park |  | 107,140,980 |  |  | 87,763,440 |
| Land use rights and buildings of Research and Development Test Centre |  | - |  |  | 43,143,525 |
| Land use rights #1 and buildings of Tianjin Industrial Park Zone |  | 23,970,502 |  |  | 17,857,940 |
|  |  | 202,230,777 |  |  | 216,874,116 |
| For long- term bank loans (note 12) |  |  |  |  |  |
| Land use right and construction in progress Research and Development Test Centre |  | 34,796,887 |  |  | - |
| For other long- term loans |  |  |  |  |  |
| Land use rights #2 of Tianjin Industrial Park Zone |  | 9,566,555 |  |  | - |
|  | $ | 246,594,219 |  | $ | 216,874,116 |
In August 2013, the Company defaulted on repayment of loans of $32.7 million from Bank of China, and as a result, a court has ordered to freeze all the Company's properties in Shenzhen BAK Industrial Park and Tianjin BAK Industrial Park Zone (Note 1). On August 3, 2013, the Company entered an agreement to pledge the accounts receivable of Shenzhen BAK to Bank of China, Longgang Branch against bank loans of $32.7 million. During the years ended September 30, 2012 and 2013, interest expenses of $12,855,149 and $13,135,495, respectively, were incurred on the Company's borrowings.

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- Definition The entire disclosure for short-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 16 -Article 7 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.13) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 13 -Article 9 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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