Debt and Capital Lease Obligations (Tables)

3 Months Ended

Oct. 31, 2012

Debt and Capital Lease Obligations [Abstract]

Debt Inclusive of Capital Lease Obligations

Debt inclusive of capital lease obligations consists of the following:

	October 31, 2012			July 31, 2012
Various bank loans and advances at interest rates ranging from 5% to 14%	$	324,296		$	372,744
Capital lease obligations at varying interest rates averaging 11%		216,560			218,351
		540,856			591,095
Current portion of long-term debt and capital lease obligations		(453,611	)		(488,460	)
Long-term debt and capital lease obligations	$	87,245		$	102,635

Aggregate Maturities of Long-term Debt and Capital Lease Obligations

The aggregate maturities of long-term debt and capital lease obligations at October 31, 2012 are as follows:

	Amount
November 2012 – October 2013	$	453,611
November 2013 – October 2014		69,945
November 2014 – October 2015		17,300
November 2015 – October 2016		---
November 2016 – October 2017		---
Thereafter		---
	$	540,856