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SEGMENT INFORMATION
 12 Months Ended
Mar. 31, 2012
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
18. SEGMENT INFORMATION

 

The Group's chief operating decision maker evaluates segment performance and allocates resources based on several factors, of which the primary financial measure is operating income.

 

The Group operates in two segments, Metal stamping and mechanical OEM segment and Electric OEM segment. The Metal stamping and mechanical OEM segment focuses on manufacturing and sale of metal parts and components. The Electric OEM segment focuses on manufacturing and sale of plastic and electronic parts and components.

 

Intersegment sales arise from transfer of goods between subsidiaries. These sales are generally at price consistent with what the Group would charge third parties for similar goods. A summary of the net sales, profitability information and asset information by segment and geographical areas is shown below:

 

    Year ended March 31,  
    2010     2011     2012  
    $     $     $  
Net sales:                        
Metal stamping and Mechanical OEM:                        
Unaffiliated customers     13,922       18,530       14,689  
Intersegment sales     6,220       6,790       8,585  
                         
      20,142       25,320       23,274  
                         
Electric OEM:                        
Unaffiliated customers     7,817       12,617       10,681  
Intersegment sales     3,756       10,915       11,914  
                         
      11,573       23,532       22,595  
                         
Intersegment eliminations     (9,976 )     (17,705 )     (20,499 )
                         
Total net sales     21,739       31,147       25,370  

 

    Year ended March 31,  
    2010     2011     2012  
    $     $     $  
Operating income:                        
Metal stamping and Mechanical OEM     448       1,079       428  
Electric OEM     20       1,086       71  
Corporate     (137 )     (439 )     (269 )
                         
Total operating income     331       1,726       230  
                         
Interest expense:                        
Metal stamping and Mechanical OEM     35       34       14  
Electric OEM     12       23       10  
                         
Total interest expense     47       57       24  
                         
Depreciation and amortization expense:                        
Metal stamping and Mechanical OEM     359       369       393  
Electric OEM     260       290       277  
Corporate     16       8       -  
                         
Total depreciation and amortization     635       667       670  
                         
Capital expenditure:                        
Metal stamping and Mechanical OEM     47       615       323  
Electric OEM     69       412       32  
                         
Total capital expenditure     116       1,027       355  

 

    As of March 31,  
    2011     2012  
    $     $  
Total assets:                
Metal stamping and Mechanical OEM     11,062       12,450  
Electric OEM     8,118       4,090  
Corporate     219       39  
                 
Total assets     19,399       16,579  

 

    As of March 31,  
    2011     2012  
    $     $  
Long-lived assets:                
Metal stamping and Mechanical OEM     1,519       1,342  
Electric OEM     892       685  
                 
Total long-lived assets     2,411       2,027  

 

All of the Group's sales are co-ordinated through its head office in Hong Kong. The Group considers revenues generated from physical location of customers and the breakdown by destination is as follows:

 

    Year ended March 31,  
    2010     2011     2012  
    $     $     $  
Net sales:                        
Hong Kong and China     7,584       8,560       5,933  
Other Asian countries     943       1,898       995  
Europe     11,738       15,069       14,030  
United States of America     1,152       5,620       4,412  
Others     322       -       -  
                         
      21,739       31,147       25,370  

 

All of the Group's long-lived assets are located in Hong Kong and China.