XML 44 R21.htm IDEA: XBRL DOCUMENT

NOTE 14 - PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Mar. 31, 2012

Property, Plant and Equipment Disclosure [Text Block]

NOTE 14 – PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of the following:

	As of March 31,
	2012			2011

Land	$	11,226		$	10,870
Buildings		309,585			351,147
Plant and machinery		9,371,150			3,335,065
Furniture and fixtures		88,804			87,768
Computer equipment		219,110			213,178
Vehicles		474,622			479,478
Office equipment		228,794			167,563
Capital work-in-progress		3,918,729			137,696
		14,622,020			4,782,765
Less: Accumulated depreciation		(6,130,224	)		(3,551,004	)
	$	8,491,796		$	1,231,761

Depreciation and amortization expense for the fiscal years ended March 31, 2012 and March 31, 2011 was $996,403 and $785,066, respectively. Capital work-in-progress represents advances paid towards the acquisition of property and equipment and the cost of property and equipment not put to use before the balance sheet date.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details