Annual report pursuant to Section 13 and 15(d)

Short-Term Revolving Lines of Credit

v2.4.0.6
Short-Term Revolving Lines of Credit
12 Months Ended
Mar. 31, 2013
Short-term Debt [Abstract]  
Short-Term Revolving Lines of Credit
Short-Term Revolving Credit Facilities
The Company’s subsidiary in the Netherlands has a revolving credit facility in the amount of Euro 4,000 (equivalent to $5,126 USD at March 31, 2013). The facility is collateralized by receivables, inventory, equipment, furniture and real estate. No loans were outstanding on this facility at March 31, 2013 or March 31, 2012.
The Company’s subsidiary in India has a revolving credit facility in the amount of 80,000 Rupees (equivalent to $1,471 USD at March 31, 2013). The facility is collateralized by receivables, inventory, real estate, a letter of credit and cash. No loans were outstanding under the facility at March 31, 2013 or March 31, 2012
The Company’s subsidiary in Australia has a revolving credit facility in the amount of $325 Australian Dollars (equivalent to $339 USD at March 31, 2013). The facility is collateralized by real estate. No loans were outstanding under the facility at March 31, 2013 or March 31, 2012.
The Company’s subsidiary in Japan has a revolving credit facility in the amount of 45,000 Japanese Yen (equivalent to $477 USD at March 31, 2013).  No loans were outstanding under the Japanese revolving credit facility at March 31, 2013 or March 31, 2012.
Under the Company’s principal revolving credit facility described below in Note 9, “Long-Term Debt,” there were no outstanding borrowings at either March 31, 2013, or March 31, 2012, respectively.