NOTE 14 - PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Mar. 31, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 14 – PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of the following:

	As of March 31,
	2013			2012

Land	$	12,069		$	11,226
Buildings		1,328,413			309,585
Plant and machinery		9,396,659			9,371,150
Furniture and fixtures		121,943			88,804
Computer equipment		217,659			219,110
Vehicles		569,352			474,622
Office equipment		166,924			228,794
Capital work-in-progress		4,288,468			3,918,729
	$	16,101,488		$	14,622,020
Less: Accumulated depreciation	$	(7,917,258	)	$	(6,130,224	)
Total	$	8,184,230		$	8,491,796

Depreciation and amortization expense for the fiscal years ended March 31, 2013 and March 31, 2012 was $673,916 and $996,403, respectively. Capital work-in-progress represents advances paid towards the acquisition of property and equipment and the cost of property and equipment not put to use before the balance sheet date.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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