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NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Jun. 30, 2012

Foreign Currency Exchange Rates [Table Text Block]

The exchange rates used for translation purposes are as follows:

Period		Period End Average Rate (P&L rate)		Period End Rate (Balance sheet rate)

Three months ended June30, 2011		INR44.56 per USD		INR 44.59 per USD
Year ended March 31, 2012		INR47.715 per USD		INR 50.89 per USD
		RMB 6.29 per USD		RMB 6.30 per USD
Three months ended June 30, 2012		INR 53.23 per USD		INR 55.57 per USD
		RMB 6.31 per USD		RMB 6.31 per USD

Estimated Useful Lives [Table Text Block]

Property and equipment are recorded at cost net of accumulated depreciation and depreciated over their estimated useful lives using the straight-line method. The estimated useful lives of assets are as follows:

Buildings	5-25 years
Plant and machinery	10-20 years
Computer equipment	3-5 years
Office equipment	3-5 years
Furniture and fixtures	5-10 years
Vehicles	5-10 years