DUE TO/FROM RELATED PARTIES, NET

6 Months Ended

Sep. 30, 2013

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

NOTE 12 – DUE TO / FROM RELATED PARTIES, NET

As of September 30, 2013 and March 31, 2013 the Company had amounts due to related parties in the amounts of $9,400,559 and $4,615,937 respectively, consisting primarily of trade payables due to Starlight affiliates. As of September 30, 2013 and March 31, 2013 the Company had amounts due from related parties in the amounts of $1,579,498 and $403,154 respectively, consisting primarily of trade receivables due from Starlight affiliates. Starlight Electronics Company, Ltd (related-party company) charges interest on current year intercompany trade payables that are past due at a rate of 4.5% per annum. For the three and six months ended September 30, 2013 and September 30, 2012 the Company incurred interest expense in the amounts of $0 and $5,575 respectively.