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NOTE 3 - OTHER CURRENT AND NON-CURRENT ASSETS

3 Months Ended

Jun. 30, 2013

Disclosure Text Block Supplement [Abstract]

Other Assets Disclosure [Text Block]

NOTE 3 – OTHER CURRENT AND NON-CURRENT ASSETS

Prepaid expenses and other current assets consist of the following:

		Period Ended June 30, 2013				Year Ended March 31, 2013
Prepaid / Preliminary Expenses		$	3,039			$	3,053
Advance to suppliers & services			607,010				737,199
Security/statutory  Advances			49,281				65,369
Advances to employees			1,010,232				905,219
Prepaid / accrued interest			2,663				2,825
Deposit  and other current assets			24,620				16,849
Total		$	1,696,845			$	1,730,514

* Advances to Employees represents advances made to employees of Ironman by Ironman, prior to its acquisition by IGC.

Other non-current assets consist of the following:

		Period Ended June 30, 2013				Year Ended March 31, 2013
Sr. Debtors - aged  more than 1 year		$	10,367			$	11,318
Advance aged more than 1 year			416,583				454,787
Total		$	426,950			$	466,105

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The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets.

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