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NOTE 5 - OTHER CURRENT AND NON-CURRENT ASSETS

12 Months Ended

Mar. 31, 2013

Disclosure Text Block Supplement [Abstract]

Other Assets Disclosure [Text Block]

NOTE 5 – OTHER CURRENT AND NON-CURRENT ASSETS

Prepaid expenses and other current assets consist of the following:

		As of March 31,
		2013				2012
Prepaid expenses		$	3,053			$	82,120
Advances to suppliers			737,199				620,148
Prepaid interest			2,825				717
Security and other deposits			65,369				125,503
Advances to employees*			905,219				1,561,123
Others			16,849				196,903
		$	1,730,514			$	2,586,514

* Advances to Employees represents advances made to employees of Ironman by Ironman, prior to its acquisition by IGC.

     Other Non-current assets consist of the following:

		As of March 31,
			2013				2012
Sundry debtors		$	11,318			$	557,758
Other advances			454,787				441,058
Total		$	466,105			$	998,816

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The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets.

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