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NOTE 11 - GOODWILL | 12 Months Ended
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Mar. 31, 2012
Goodwill Disclosure [Text Block] | NOTE 11 – GOODWILL The movement in goodwill balance is given below:
|  | As of March 31, |
|  | 2012 |  |  | 2011 |
Balance at the beginning of the period |  | $ | 410,454 |  |  | $ | 6,146,720 |
Acquisition related goodwill (refer note 3) |  |  | 643,117 |  |  |  | - |
Effect of foreign exchange translation |  |  | (87,833 | ) |  |  | 56,583 | )
Impairment loss |  |  | - |  |  |  | (5,792,849 | )
|  | $ | 965,738 |  |  | $ | 410,454 |
During the year ended March 31, 2011, the Company conducted an impairment analysis regarding the goodwill in its consolidated financial statements. The goodwill balance of $6,146,720 at the beginning of 2011 was allocated to our subsidiary Techni Bharathi Limited (‘TBL’). The Company assessed the recoverable value of TBL and concluded that it was lower than $6.2 million. Therefore the goodwill balance allocated to TBL was impaired by $ 5,792,849. The methodology used in the impairment test is described below. TBL, a small road building company, is engaged in highway and heavy construction activities. TBL has constructed highways, rural roads, tunnels, dams, airport runways, and housing complexes, mostly in southern states. TBL, because of its successful execution of contracts, is pre-qualified by the National Highway Authority of India (NHAI) and other agencies. We own 77% of TBL. TBL’s share of the overall Indian construction market is very small. However, TBL’s prequalification and prior track record provides a way to grow the company in highway and heavy construction. Currently, TBL is engaged in the recovery of construction delay claims that it is pursuing against NHAI and the Cochin International Airport in the aggregate amount of $2.3 million. TBL has received binding judgments in arbitration against and is in the process of collecting those judgments, which may be realized in few months.

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- Definition The entire disclosure for goodwill. + References No definition available. + Details
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