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NOTE 8 - OTHER CURRENT AND NON-CURRENT LIABILITIES

12 Months Ended

Mar. 31, 2014

Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract]

Other Liabilities Disclosure [Text Block]

NOTE 8 – OTHER CURRENT AND NON-CURRENT LIABILITIES

Other current liabilities consist of the following:

		Year Ended March 31, 2014				Year Ended March 31, 2013
Statutory payables		$	8,122			$	18,139
Employee related liabilities			37,389				49,751
Other liabilities /expenses payable			8,476				242,729
Total		$	53,987			$	310,619

Other non-current liabilities consist of the following:

		Year Ended March 31, 2014				Year Ended March 31, 2013
Creditors		$	157,399			$	51,864
Special reserve			600,980				601,524
Total		$	758,379			$	653,388

Sundry creditors consist primarily of creditors to whom amounts are due for supplies and materials received in the normal course of business.