FINANCING

6 Months Ended

Sep. 30, 2011

Receivables [Abstract]

Financing Receivables [Text Block]

NOTE 7 – FINANCING

As of September 30, 2011 and March 31, 2011 the Company owed to two financial institutions in the amounts of $1,293,327 and $0 respectively.  The Company received advance funds from the discounting of letters of credit issued as payment for goods by two major customers.  The proceeds were used to pay Chinese manufacturing vendors.  The amounts are due to financial institutions are as follows:

Amount		Due Date	Discount Rate
$	979,020	10/17/2011		1.13	%
	24,605	10/26/2011		1.75	%
	54,604	11/1/2011		1.75	%
	78,155	11/15/2011		1.16	%
	109,209	11/22/2011		1.77	%
	47,734	12/5/2011		1.79	%
$	1,293,327