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NOTE 4 - ACCOUNTS RECEIVABLES
3 Months Ended
Jun. 30, 2013
Receivables [Abstract]  
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]
NOTE 4 – ACCOUNTS RECEIVABLES

The accounts receivable, net of allowances, amounted to $961,837 and $1,066,650, as of June 30, 2013 and March 31, 2013, respectively.  The accounts receivable net of reserves for the quarter ended June 30, 2013 comes primarily from iron ore traders associated with our iron ore business. The Company maintains an allowance for doubtful accounts based on present and prospective financial condition of the customer and the inherent credit risk.  Accounts receivable are not collateralized.