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Acquisition of Vubites India Private Limited (Tables)
12 Months Ended
Mar. 31, 2013
Business Combinations [Abstract]  
Allocation of Purchase Price to Assets Acquired and Liabilities Assumed

Net asset acquired at fair values

      
     US $  

Cash acquired

     23,155   

Property, plant & equipment

     202,856   

Other assets

     63,947   

Amortizable intangible assets:

  

Customer contracts

     16,270   

Intellectual property

     3,423,682   
  

 

 

 

Total assets

     3,729,910   
  

 

 

 

Liabilities assumed:

  

Loan from Principal shareholder and the CMD of Rediff

     2,711,622   

Other liabilities

     68,449   

Deferred tax liability, net

     205,159   
  

 

 

 

Total Liabilities

     2,985,230   
  

 

 

 

Net assets acquired

     744,680   
  

 

 

 

Purchase price

     324,091   

Contribution from a principal shareholder

     420,589