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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
 3 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities:    
Net income (loss) $ (632,314) $ (540,754)
Adjustment to reconcile net income (loss) to net cash:    
Deferred taxes 1,596 (3,538)
Depreciation 149,294 83,594
Unrealized exchange losses/(gains) 233,775 346,577
Unrealised share in the profit/loss of the joint venture 28,463 0
Non-cash interest expenses 106,362 0
Changes in:    
Accounts receivable 46,761 54,454
Inventories (4,868) (48,128)
Prepaid expenses and other assets (30,127) (47,530)
Trade payables 28,721 75,216
Other current liabilities (21,043) 10,118
Other non – current liabilities 7,892 (207,571)
Non-current assets 0 (82,804)
Accrued Expenses (158,076) 279,862
Net cash used in operating activities (243,564) (80,504)
Cash flow from investing activities:    
Proceeds from short term investment 0 244,223
Proceeds fom sale of property and equipment 0 4,277
Issuance of equity shares 0 0
Net cash provided/(used) by investing activities 0 248,500
Cash flows from financing activities:    
Net movement in other short-term borrowings 109 8,808
Net cash provided/(used) by financing activities 109 8,808
Effects of exchange rate changes on cash and cash equivalents (169,501) (20,315)
Net increase/(decrease) in cash and cash equivalents (412,956) 156,489
Cash and cash equivalent at the beginning of the period 1,064,421 562,948
Cash and cash equivalent at the end of the period 651,465 719,437
Supplementary information:    
Cash paid for interest      
Cash paid for taxes      
Non-cash items:    
Common stock issued for interest payment on notes payable $ 106,362