RESTRICTED CASH, BILLS PAYABLE - BANK ACCEPTANCES	9 Months Ended
Sep. 30, 2011
RESTRICTED CASH, BILLS PAYABLE - BANK ACCEPTANCES	3. RESTRICTED CASH, BILLS PAYABLE – BANK ACCEPTANCES Restricted cash at September 30, 2011 and December 31, 2010 represented $243,804 and $1,473,914 held in the bank as collateral for the bank to issue the same amount of bank acceptances. The Company endorses the bank acceptances to vendors as payment of their own obligations. Most of the bank acceptances have maturities of less than six months.

RESTRICTED CASH, BILLS PAYABLE - BANK ACCEPTANCES

9 Months Ended

Sep. 30, 2011

RESTRICTED CASH, BILLS PAYABLE - BANK ACCEPTANCES

3. RESTRICTED CASH, BILLS PAYABLE – BANK ACCEPTANCES

Restricted cash at September 30, 2011 and December 31, 2010 represented $243,804 and $1,473,914 held in the bank as collateral for the bank to issue the same amount of bank acceptances. The Company endorses the bank acceptances to vendors as payment of their own obligations. Most of the bank acceptances have maturities of less than six months.

ORB Automotive 10-Q