LOANS (Tables)

9 Months Ended

Mar. 31, 2013

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

Loans are as follows as of the respective balance sheet dates:

	March 31,		June 30,
	2013		2012
Short-term loans	$	130,835,913	$	111,166,838
Long-term loans, current portion		14,066,114		27,762,975
		144,902,027		138,929,813
Long-term loans, non-current portion		2,319,979		8,490,772
Total loans	$	147,222,006	$	147,420,585

Schedule Of Assets Secured For Short Term Loans [Table Text Block]

Short-term loans as of March 31, 2013 were secured/guaranteed by the following:

Secured/guaranteed by
Jointly guaranteed by (i) a related party, and (ii) the Company's property, plant and equipment	$	34,427,248
Guaranteed by the Company's cash deposit		27,495,615
Guaranteed by the Company's property, plant and equipment		27,095,520
Guaranteed by a related party		21,198,260
Jointly guaranteed by (i) the Company's cash deposit, (ii) the Company's notes receivable		9,500,000
Unsecured		7,969,270
Guaranteed by the Company’s trade accounts receivable		3,150,000
Total short-term loans	$	130,835,913

Short-term loans as of June 30, 2012 were secured/guaranteed by the following:

Secured/guaranteed by
Jointly guaranteed by (i) a related party, and (ii) the Company's property, plant and equipment	$	35,633,403
Guaranteed by a related party		23,280,490
Guaranteed by the Company's cash deposit		19,500,000
Guaranteed by the Company's property, plant and equipment		19,004,482
Unsecured		7,918,534
Jointly guaranteed by (i) a related party, and (ii) the Company's notes receivable		4,814,469
Guaranteed by the Company's trade accounts receivable		1,015,460
Total short-term loans	$	111,166,838

Schedule Of Long Term Debt Current Portion [Table Text Block]

Long-term loans, current portion as of March 31, 2013 were secured/guaranteed by the following:

Secured/guaranteed by
Guaranteed by the Company's cash deposit	$	6,800,200
Guaranteed by the Company's property, plant and equipment		4,405,919
Unsecured		2,859,995
Total long-term loans, current portion	$	14,066,114

Long-term loans, current portion as of June 30, 2012 were secured/guaranteed by the following:

Secured/guaranteed by
Guaranteed by the Company's cash deposit	$	23,626,900
Guaranteed by the Company's property, plant and equipment		4,136,075
Total long-term loans, current portion	$	27,762,975

Schedule Of Assets Secured For Long Term Loans [Table Text Block]

Long-term loans, non-current portion as of March 31, 2013 were secured/guaranteed by the following:

Secured/guaranteed by
Guaranteed by the Company's property, plant and equipment	$	2,319,979

Long-term loans, non-current portion as of June 30, 2012 were secured/guaranteed by the following:

Secured/guaranteed by
Guaranteed by the Company's property, plant and equipment	$	5,630,777
Unsecured		2,859,995
Total long-term loans, non-current portion	$	8,490,772