v3.25.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Mar. 31, 2024
Current assets:    
Cash and cash equivalents $ 22,401 $ 16,951
Restricted cash 3,000 5,033
Accounts receivable, net 28,862 27,722
Prepaid expenses and other current assets, net 10,582 15,971
Inventories 11,009 13,417
Total current assets 75,854 79,094
Property, plant and equipment, net 43,192 46,985
Prepayment 2,698 2,730
Intangible assets, net 3,418 3,670
Operating lease Right-of-Use Asset 18 0
Deferred offering cost 1,944 1,606
Total non-current assets 51,270 54,991
TOTAL ASSETS 127,124 134,085
Current liabilities:    
Bank loans - current 25,315 31,686
Accounts payable 3,265 3,195
Accrued expenses and other payables 7,306 6,395
Amount due to a director 890 201
Income taxes payable 324 396
Current operating lease liabilities 12 0
Total current liabilities 37,112 41,873
Long-term operating lease liabilities 6 0
Deferred tax liabilities 1,256 1,273
Total non-current liabilities 1,262 1,273
TOTAL LIABILITIES 38,374 43,146
Shareholders' equity    
Ordinary shares *SG$5.00 par value per share; 40,000,000 authorized as of March 31, 2024; SG$0.02 par value per share, 10,000,000,000 authorized as of March 31, 2025. 17,205,438 shares issued and outstanding as of March 31, 2024 and 2025 436 436
Additional paid-in capital 108,399 108,399
Treasury shares, at cost (represented 277,720 ordinary shares) (903) (903)
Statutory reserve 9,578 9,499
Merger reserve 11,031 11,031
Accumulated deficits 16,870 16,165
Accumulated other comprehensive income (loss) 1,016 597
Total shareholders' equity 88,593 90,832
Non-controlling interests 157 107
TOTAL EQUITY 88,750 90,939
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 127,124 $ 134,085