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NOTE 19 - SEGMENT INFORMATION
 12 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
NOTE 19 – SEGMENT INFORMATION

Accounting pronouncements establish standards for the manner in which public companies report information about operating segments in annual and interim financial statements. Operating segments are component of an enterprise that have distinct financial information available and evaluated regularly by the chief operating decision-maker ("CODM") to decide how to allocate resources and evaluate performance. The Company's CODM is considered to be the Company's chief executive officer ("CEO"). The CEO reviews financial information presented on an entity level basis for purposes of making operating decisions and assessing financial performance. Therefore, the Company has determined that it operates in a single operating and reportable segment.

The following provides information required by ASC 280-10-50-38 Entity-Wide Information:

1)  The table below shows revenue reported by product and service:

Product & Service
 
Amount
   
% on total revenues
 
Iron ore  Trading
    2,203,366       96.90  
Construction
    69,789       3.10  
TOTAL
    2,273,155       100  

2(a) The table below shows the revenue attributed to the country of domicile (USA) and foreign countries.  Revenue is attributed to an individual country if the invoice made to the customer originates in that country.  The basis for originating an invoice is the underlining agreement.

Geographic  Location
 
Amount
   
% on total revenues
 
CHINA
    2,203,366       96.90  
INDIA
    69,789       3.10  
TOTAL
    2,273,155       100  

2(b) The table below shows the long-term assets other than financial instruments held in the country of domicile and foreign countries.

Nature of Assets
 
USA (Country of Domicile)
   
Foreign Countries (India and China)
   
Total
 
Intangible Assets
            468,091       468,091  
Property , Plant and Equipment , Net
    -       7,586,844       7,586,844  
Investments in Affiliates
    5,109,058       -       5,109,058  
Investments Others
    -       31,650       31,650  
Deferred Tax Assets
            321,676       321,676  
Other Non-Current Assets
            458,578       458,578  
Total Long Term Assets
    5,109,058       8,866,839       13,975,897  

3) For the FYE 2014 we had three customers that each accounted for over 10% of our total revenue. All three customers were involved in the iron ore trading and all these customers operate in China.