Debt and Capital Lease Obligations

3 Months Ended

Oct. 29, 2011

Debt Disclosure [Abstract]

Debt and Capital Lease Obligations

Debt inclusive of capital lease obligations consists of the following:

	October 29, 2011			July 31, 2011
Various bank loans and advances at interest rates ranging from 5% to 14%	$	1,105,738		$	1,907,369
Capital lease obligations at varying interest rates averaging 11%		389,920			230,942
		1,495,658			2,138,311
Current portion of long-term debt and capital lease obligations		(999,268	)		(1,689,920	)
Long-term debt and capital lease obligations	$	496,390		$	448,391

The aggregate maturities of long-term debt and capital lease obligations at October 29, 2011 are as follows:

	Amount
November 2011 –  October 2012	$	999,268
November 2012 –  October 2013		435,845
November 2013 –  October 2014		51,912
November 2014 –  October 2015		8,633
November 2015 –  October 2016		---
Thereafter		---
	$	1,495,658