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NOTE 18 - OTHER INCOME
9 Months Ended
Dec. 31, 2012
Other Income and Other Expense Disclosure [Text Block]
NOTE 18 – OTHER INCOME

Other income for the three-month and nine-month periods ended December 31, 2012 contains certain foreign exchange gains/losses arising on account of re-measurement of certain intercompany receivables between the U.S. holding company and the foreign subsidiaries. The total foreign exchange gain/(loss) for the three-month and nine-month periods ended December 31, 2012 amounted to $(159,015) and (334,722) respectively.