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CONSOLIDATED STATEMENTS OF CASH FLOWS (Audited) (USD $)
12 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net income (loss) $ (3,042,581) $ (2,267,423)
Adjustment to reconcile net income (loss) to net cash:    
Deferred taxes 0 (365,116)
Depreciation 712,314 673,916
Unrealized exchange losses/(gains) 255,671 368,408
Bad debts written off and creditors restated 424,087  
Non-cash interest expenses 270,522 501,300
ESOP and other stock related expenses 181,030 824,814
Impairment of goodwill 0 301,141
Impairment of Investment –Others 18,244 0
Changes in:    
Accounts receivable 374,965 468,306
Inventories (204,640) (26,704)
Prepaid expenses and other assets 106,958 860,428
Trade payables (453,576) 285,461
Other current liabilities (251,118) (457,386)
Other non – current liabilities (52,921) (550,429)
Non-current assets (34,840) 467,604
Accrued Expenses (46,169) (519,475)
Intercompany balances 0 0
Net cash used in operating activities (1,742,054) 564,845
Cash flow from investing activities:    
Proceeds from short term investment   331,328
Purchase of property and equipment/capital work in progress (8,485) (326,078)
Proceeds from sale of property and equipment 11,568 115,425
Deferred acquisition cost 0 (207,338)
Restricted cash 0 11,959
Net cash provided/(used) by investing activities 3,083 (74,704)
Cash flows from financing activities:    
Issuance of equity stock 1,758,146 0
Net movement in other short-term borrowings 0 (196,614)
Proceeds from loans (21,849) 224,305
Net cash provided/(used) by financing activities 1,736,297 27,691
Effects of exchange rate changes on cash and cash equivalents (35,182) (16,359)
Net increase/(decrease) in cash and cash equivalents (37,856) 501,473
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 1,026,565 1,064,421
Supplementary information:    
Cash paid for interest 20,998 32,582
Cash paid for taxes 0 0
Non-cash items:    
Common stock issued for interest payment on notes payable 270,522 501,300
Common stock issued including ESOP $ 181,030 $ 824,814