Restricted Cash

12 Months Ended

Mar. 31, 2013

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Restricted Cash

5. RESTRICTED CASH

As of March 31, 2013 and 2012, time deposits of RMB90,640,000 (equivalent to US$14,592,289) and RMB28,649,739 (equivalent to US$4,546,062) respectively were deposited with and pledged to banks to secure credit facilities granted to the Company, including revolving bank loans.