SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Dec. 31, 2012

Accounting Policies [Abstract]

Useful Lives of Property and Equipment

Property and equipment are stated at cost. The cost of an asset is comprised of its purchase price and any direct attributable costs of bring the asset to its present working condition and locations for its intended use. Depreciation is calculated using the straight-like method over the following useful lives:

Building	30-35 years
Machinery, equipment and automobiles	7-15 years
Furniture and fixtures	7-10 years

Exchange Rates Adopted to Translate Amounts from RMB into United States Dollars

The following exchange rates were adopted to translate the amounts from RMB into United States dollars (“USD$”) for the respective periods:

	December 31, 2012		March 31, 2012		December 31, 2011
Quarter End RMB Exchange Rate (RMB/USD$)		6.2855		6.2943		6.3009
Quarterly Average RMB Exchange Rate (RMB/USD$)		6.2992		6.3933		6.3403