AMOUNTS DUE FROM (TO) RELATED PARTIES |
12 Months Ended |
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Mar. 31, 2025 | |
| Debt Disclosure [Abstract] | |
| AMOUNTS DUE FROM (TO) RELATED PARTIES | NOTE – 7 AMOUNTS DUE FROM (TO) RELATED PARTIES
The amount due from a related party represented temporary advances to the related party for research and development conducted. The amount due from a related party was $0 and $12,160, as of March 31, 2025 and 2024, respectively. The amount is unsecured, interest-free and recoverable on demand.
The amount due to related parties was $302,811 and $2,180,113 as of March 31, 2025 and 2024, respectively. As at March 31, 2025, the amount of $302,811 represented temporary advances for working capital purpose. As of March 31, 2024, $2,134,326 and $45,787 represented temporary advances for working capital purpose and trade nature purpose respectively. The amounts are due to the Company’s shareholders and their controlling companies, which were unsecured, interest-free and are repayable on demand.
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- References No definition available.
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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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