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    &lt;div align="left" style="font-size: 10pt; margin-top: 12pt"&gt;&lt;b&gt;11 &amp;#160;&amp;#160;&amp;#160;&amp;#160;Short-term debt&lt;/b&gt;
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    &lt;div align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%"&gt;Short-term borrowings outstanding on March&amp;#160;31, 2010 are from commercial banks for export
    financing denominated in US dollars, with average annual interest rates of 2.02%.
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      <ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef
 -Publisher SEC
 -Name Regulation S-X (SX)
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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 -Paragraph 19
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
 -Publisher SEC
 -Name Regulation S-X (SX)
 -Number 210
 -Section 03
 -Paragraph 13
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