v3.8.0.1
Restricted Cash
12 Months Ended
Mar. 31, 2018
Restricted Cash  
Restricted Cash

NOTE 7 - RESTRICTED CASH

 

At March 31, 2018 and 2017, the Company had €310,324 or $382,279 (translated at the March 31, 2017 exchange rate) and €310,305 or $331,455 (translated at the March 31, 2017 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.