XML 44 R26.htm IDEA: XBRL DOCUMENT v3.24.3
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Mar. 31, 2024
Accounting Policies [Abstract]  
Schedules of Concentration Risks

During the years ended March 31, 2024, 2023 and 2022, there were two, four and two customers generated income which accounted for over 10% of the total revenue generated for that year, respectively. The details are as follows:

 

   For the years ended March 31,  
   2024   2023    2022  
                 
Customer A   62.2%   15.7%     8.3 %
Customer B   13.3%   14.9%     0 %
Customer C   6.2%   42.1%     23.6 %
Customer D   0.6%   15.4%     50.0 %

 

As of March 31, 2024 and 2023, accounts receivable due from these customers, and there were two and three accounts receivable which accounted for over 10% of the total consolidated accounts receivable, respectively. The details are as follows:

 

   As of March 31 
   2024   2023 
         
Customer E   47.6%   0%
Customer F   19.3%   0%
Customer C   9.2%   11.4%
Customer B   5.9%   51.4%
Customer D   4.8%   1.0 %
Customer A   3.1%   30.0 %

 

During the years ended March 31, 2024, 2023 and 2022, there were zero, zero and zero supplier accounted for over 10% of the total purchases for that year, respectively.

 

As of March 31, 2024 and 2023, there were one and zero supplier which accounted for over 10% of the total consolidated accounts payable, respectively. The details are as follows:

 

   As of March 31 
   2024   2023 
Supplier A   12.0%   0 %
Schedule of Interest Rate Risk

The following table details the interest rate risk profile of the Company’s borrowings as of March 31, 2024 and 2023:

 

   2024   2023 
   As of March 31 
   2024   2023 
   USD   USD 
Fixed rate borrowings:          
Finance lease liabilities, current   67,372    84,959 
Finance lease liabilities, non-current   114,495    216,373 
Bank borrowings, current   -    51,905 
Bank borrowings, non-current   -    - 
           
Floating rate borrowings:          
Bank borrowings, current   3,818,453    3,771,728 
Bank borrowings, non-current   3,033,780    1,498,485 
Schedule of Estimated Useful Life

Property and Equipment is stated at cost, net of accumulated depreciation and impairment charge. Depreciation is provided for on a straight-line basis over the estimated useful lives of the related assets as follows:

 

Equipment   3.33 years
Motor vehicle   3.33 years
Property   23.33 years