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COMMITMENTS AND CONTINGENCIES
9 Months Ended
Sep. 30, 2011
COMMITMENTS AND CONTINGENCIES
NOTE 20     COMMITMENTS AND CONTINGENCIES

Lease commitments
 
The Company has entered into tenancy agreements for the lease of factory premises and warehouse with independent parties. The Company’s commitments for minimum lease payments under these operating leases for the next five years and thereafter as of September 30, 2011 are as follows:

Payable within:
      
- remainder of fiscal year ending December 31, 2011
   $ 13,218  
- fiscal year ending December 31, 2012
     56,649  
- fiscal year ending December 31, 2013
     61,056  
- fiscal year ending December 31, 2014 and thereafter
     20,771  
         
Total
   $ 151,694  
 
Capital commitments  – contracted but not provided for
 
   
September 30,
    
December 31,
  
   
2011
    
2010
  
             
             
Acquisition or construction of buildings - within one year
  
$
4,728,635
    
$
1,664,997
  
Purchase of machinery - within one year
    
1,400,786
      
-
  
                 
   
$
6,129,421
    
$
1,664,997