Related Parties And Related Party Transactions

9 Months Ended

Dec. 31, 2015

Related Parties And Related Party Transactions [Abstract]

Related Parties And Related Party Transactions

4. RELATED PARTIES AND RELATED PARTY TRANSACTIONS

A.	Related party balances
a.	Due from related parties, including current and non-current portion

(In thousands)	December 31, 2015		March 31, 2015
Sheng Zhi Da Dairy Group Corporation	$	529	$	1,025
Beijing Honnete Dairy Co., Ltd.		0		2
St. Angel (Beijing) Business Service Co. Ltd.		0		3,732
Beijing St. Angel Cultural Communication Co., Ltd.		17		6
Beijing AoNaier Feed Stuff Co., Ltd.		0		3
Total	$	546	$	4,768

b. Due to related parties

(In thousands)	December 31,  2015		March 31, 2015
Beijing St. Angel Cultural Communication Co., Ltd.	$	132	$	130
Beijing AoNaier Feed Stuff Co., Ltd.		107		0
St. Angel (Beijing ) Business Service Co. Ltd.		3		0
Total	$	242	$	130

The amount due to and due from related parties were unsecured and interest free.

B. Sales to and services for related parties

In the three and nine months ended December 31, 2015, the Company's sales to related parties mainly included feed grade milk powder sold to AoNaier and powdered formula products sold to St. Angel (Beijing) Business Service. Other immaterial transactions with related parties included renting office spaces to Honnete, AoNaier, St. Angel (Beijing) Business Service and St. Angel Cultural Communication. In the three and nine months ended December 31, 2014, the Company's sales to related parties mainly included feed grade milk powder and whey powder to AoNaier, and powdered formula products to St. Angel (Beijing) Business Service.

	Three Months Ended				Nine Months Ended
	December 31,				December 31,
(In thousands)	2015		2014		2015		2014
Beijing Honnete Dairy Co., Ltd.	$	2	$	0	$	6	$	7
St. Angel (Beijing) Business Service Co., Ltd.		3,559		1,190		8,827		3,061
Qingdao Lvyin Waste Disposal Investment Management Co., Ltd.		0		0		2		0
Beijing AoNaier Feed Stuff Co., Ltd.		26		250		93		398
Beijing St. Angel Cultural Communication Co., Ltd.		6		0		18		19
Total	$	3,593	$	1,440	$	8,946	$	3,485

C. Purchases from related parties

In the three and nine months ended December 31, 2015 and 2014, St. Angel Cultural Communication implemented certain marketing activities for the Company.

	Three Months Ended				Nine Months Ended
	December 31,				December 31,
(In thousands)	2015		2014		2015		2014
Beijing St. Angel Cultural Communication Co. Ltd.	$	118	$	115	$	347	$	345