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Other non-current assets
 12 Months Ended
Mar. 31, 2012
Other non-current assets
10. Other non-current assets

Other non-current assets comprise :

 

     As of March 31,  
     2011      2012  
     US$      US$  

Promissory notes *

      1,100,000         1,100,000   

Prepaid expenses

      173,639         307,946   

Rent deposits

      324,164         630,895   

Loans to employees

      59,492         61,422   

Other advances and deposits

      68,329         68,328   
  

 

 

     

 

 

  

Total

      1,725,624         2,168,591   
  

 

 

     

 

 

  

 

* Company subscribed to convertible promissory notes (referred to as the “notes”) issued by Examville.com LLC, for total cash consideration of US$1,100,000. These notes are convertible into equity shares of issuer of the notes at a conversion price that will be determined based on the issuance price of equity shares issued for future financing. If not converted during a specified period, as per the respective terms, notes shall be redeemed at par on maturity.