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Related Parties Blalance
12 Months Ended
Mar. 31, 2021
Related Party Transactions [Abstract]  
RELATED PARTIES BLALANCE

NOTE 7 –RELATED PARTIES BLALANCE


The Company’s related parties balance consisted of the following:


(i) Loan to related parties:


   As of
March 31,
2021
   As of
March 31,
2020
 
Loan to related parties(a)  $78,979   $2,537,532 

(a) The balance is due from Horwath Capital Consultants Limited (“Horwath Capital”), to which the Company’s chairman serves as a director. On November 1, 2019 and December 4, 2019 the Company loaned $851,825 and $1,650,000 to Horwath Capital, respectively. The loan bears an interest rate of 4% and is not guaranteed. The maturity was July 31, 2020. On July 20, 2020 and March 30, 2021, Horwath Capital fully repaid $851,825 and $1,650,000 to the Company, respectively.

(ii) Due to related party:


   As of
March 31,
2021
   As of
March 31,
2020
 
Due to shareholders  $297,855   $282,121 
Due to key management personnel   -    4,232 
Due to related parties  $297,855   $286,353 

(b) The balance of due to shareholders mainly due to the principal shareholders of the Company who provide funds for the Company’s operations. The payables are unsecured, non-interest bearing and due on demand.