Revolving Lines of Credit and Loan Facilities

3 Months Ended

Mar. 31, 2013

Line Of Credit Facility [Abstract]

Revolving Lines Of Credit and Loan Facilities [Text Block]

Note 8. Revolving Lines of Credit and Loan Facilities

The summary of banking facilities at March 31, 2013 is as follows:

	Granted facilities			Utilized facilities		Not Utilized Facilities
Lines of credit and loan facilities
Import/Export Loan	$	8,653,847		$	6,395,985	$	2,257,862
Bank Loans		5,720,451	(a)		5,720,451		0
Revolving Short Term Loan		1,538,462	(a)		1,528,620		9,842
Overdraft		474,359	(b)		327,252		147,107
	$	16,387,119		$	13,972,308	$	2,414,811

(a) The bank loans are combined from the summary of Note 9, total bank loans amount to $7,249,071 with a revolving short term loan of $1,528,620. The revolving short term loan is placed under Other Current Liabilities on the balance sheet. It has a facility limit of $1,538,462, bearing an interest rate of 0.5% below Hong Kong prime rate per annum.

(b) Including in cash and cash equivalents.