Long-Term Loan Receivable

9 Months Ended

Dec. 31, 2015

Long-Term Loan Receivable [Abstract]

6.	LONG-TERM LOAN RECEIVABLE

In May 2015, the Company granted a four-year long-term loan of RMB 60.0 million (equivalent to $9.4 million) with interest rate of 7% to Qingdao Jisheng Iron Printing and Tin Making Co.,LTD. ("Qingdao Jisheng"), a supplier for the iron sheet used for our formula products. Qingdao Jisheng shall use the loan to expand its own upstream manufacturing capacity. RMB10.0 million, RMB20.0 million and RMB30.0 million shall be repaid by Qingdao Jisheng in May 2017, 2018 and 2019, respectively. The outstanding loan amount is recorded as long-term loan receivable on the consolidated balance sheet.

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

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