CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2012
Mar. 31, 2012
Current assets:    
Cash and cash equivalents $ 719,437 $ 562,948
Accounts receivable, net of allowances 1,451,433 1,641,868
Inventories 429,706 387,481
Dues from related parties 0 0
Advance taxes 41,452 41,452
Prepaid expenses and other current assets 2,572,255 2,586,514
Total current assets 5,214,283 5,220,263
Goodwill 938,568 965,738
Intangible Assets 3,836,334 3,838,090
Property, plant and equipment, net 8,370,154 8,491,796
Investments in affiliates 5,109,058 5,109,058
Investments-others 352,379 637,620
Deferred Income taxes 0 (14,076)
Restricted cash 11,697 12,773
Other non-current assets 994,015 998,816
Total assets 24,826,488 25,260,078
Current liabilities:    
Short-term borrowings 200,761 210,010
Trade payables 316,480 337,145
Accrued expenses 1,176,442 916,710
Notes payable 1,800,000 1,800,000
Dues to related parties 306,558 310,681
Deferred tax liabilities 135,980 135,980
Loans – others 222,389 222,389
Other current liabilities 585,925 563,105
Total current liabilities 4,744,535 4,496,020
Deferred Income taxes 713,897 713,897
Other non-current liabilities 3,982,505 4,233,978
Total liabilities 9,440,937 9,443,895
Stockholders' equity:    
Common stock — $.0001 par value; 150,000,000 shares authorized; 60,061,737 issued and outstanding as of June 30, 2012 and 60,061,737 issued and outstanding as of March 31, 2012 6,007 6,007
Additional paid-in capital 54,821,952 54,821,952
Accumulated other comprehensive income (2,395,437) (2,542,453)
Retained earnings (Deficit) (37,973,148) (37,444,832)
Total equity attributable to Parent 14,459,374 14,840,674
Non-controlling interest 926,177 975,509
Total stockholders' equity 15,385,551 15,816,183
Total liabilities and stockholders' equity $ 24,826,488 $ 25,260,078