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CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2012
Mar. 31, 2012
Current assets:    
Cash and cash equivalents $ 2,108,326 $ 562,948
Accounts receivable, net of allowances 588,602 1,641,868
Inventories 482,663 387,481
Advance taxes 41,452 41,452
Prepaid expenses and other current assets 2,385,798 2,586,514
Total current assets 5,606,841 5,220,263
Property, plant and equipment, net 8,026,307 8,491,796
Investments in affiliates 5,109,057 5,109,058
Intangible Assets and Goodwill 1,472,460 4,803,828
Investments-others 247,202 637,620
Other non-current assets 977,496 997,513
Total assets 21,439,363 25,260,078
Current liabilities:    
Short-term borrowings 4,557 210,010
Trade payables 291,898 337,145
Accrued expenses 724,164 916,710
Notes payable 1,800,000 1,800,000
Dues to related parties 0 310,681
Deferred tax liabilities 135,980 135,980
Loans – others 414,437 222,389
Other current liabilities 494,841 563,105
Total current liabilities 3,865,877 4,496,020
Deferred Income taxes 713,897 713,897
Other non-current liabilities 1,199,284 4,233,978
Total liabilities 5,779,058 9,443,895
Stockholders' equity:    
Common stock — $.0001 par value; 150,000,000 shares authorized; 60,061,737 issued and outstanding as of Dec 31, 2012 and 60,061,737 issued and outstanding as of March 31, 2012 6,007 6,007
Additional paid-in capital 54,821,952 54,821,952
Accumulated other comprehensive income (2,464,818) (2,542,453)
Retained earnings (Deficit) (37,804,966) (37,444,832)
Total equity attributable to Parent 14,558,175 14,840,674
Non-controlling interest 1,102,130 975,509
Total stockholders' equity 15,660,305 15,816,183
Total liabilities and stockholders' equity $ 21,439,363 $ 25,260,078