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NOTE 11 - INTANGIBLE ASSETS & GOODWILL (Tables) | 12 Months Ended
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Mar. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets and Goodwill [Table Text Block] | The movement in goodwill and intangible assets is given below:
Particulars |  | Goodwill |  |  | Intangible Assets |  |  | Total |
Value as on March 31, 2011 |  | $ | 410,454 |  |  | Nil |  |  | $ | 410,454 |
Effect of exchange rate for 2012 |  |  | (87,833 | ) |  |  | - |  |  |  | (87,833 | )
Goodwill of H&F Ironman |  |  | 643,117 |  |  |  | - |  |  |  | 643,117 |
Intangible assets of H&F Ironman |  | Nil |  |  |  | 3,838,090 |  |  |  | 3,838,090 |
Value as on March 31, 2012 |  | $ | 965,738 |  |  | $ | 3,838,090 |  |  | $ | 4,803,828 |
Particulars |  | Goodwill |  |  | Intangible Assets |  |  | Total |
Value as March 31, 2012 |  | $ | 965,738 |  |  | $ | 3,838,090 |  |  | $ | 4,803,828 |
Effect of exchange rate in FY 2013 |  |  | (60,536 | ) |  |  | - |  |  |  | (60,536 | )
Impairment of TBL goodwill |  |  | (301,141 | ) |  |  | - |  |  |  | (301,141 | )
Adjustment from H&F Ironman acquisition |  |  | (604,061 | ) |  |  | (3,245,816 | ) |  |  | (3,849,877 | )
Net as on March 31, 2013 |  | Nil |  |  | $ | 592,274 |  |  | $ | 592,274 |

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- Definition Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 + Details
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