v3.7.0.1
Restricted Cash
12 Months Ended
Mar. 31, 2017
Restricted Cash  
Restricted Cash

NOTE 7 — RESTRICTED CASH

 

At March 31, 2017 and 2016, the Company had €310,305 or $331,455 (translated at the March 31, 2017 exchange rate) and €303,890 or $345,076 (translated at the March 31, 2016 exchange rate), respectively, of cash restricted from withdrawal and held by a bank in Ireland as collateral for overdraft coverage, creditors’ insurance, customs and excise guaranty and a revolving credit facility as described in Note 8A below.