Bank Loans (Tables)
|
12 Months Ended |
Mar. 31, 2025 |
|---|
| Bank Loans [Abstract] |
|
| Schedule of Long-Term and Short-Term Bank Loans |
Long-term
and short-term bank loans are as follows:
| | |
As
of March 31, | |
| | |
2024 | | |
2025 | | |
2025 | |
| | |
S$ | | |
S$ | | |
US$ | |
| Total
bank loans | |
| 3,669,815 | | |
| 3,234,199 | | |
| 2,405,503 | |
| Less:
current portion of bank loans | |
| (598,848 | ) | |
| (400,016 | ) | |
| (297,520 | ) |
| Long-term
bank loans | |
| 3,070,967 | | |
| 2,834,183 | | |
| 2,107,983 | |
|
| Schedule of Bank Loans Comprised |
Bank
loans comprised of the following:
| Loan | | Principal
amount | | Maturity
date | | Interest rate | | Repayment
method | | March 31,
2024 | | | March 31,
2025 | | | March 31,
2025 | | | | | | | | | | | | | S$ | | | S$ | | | US$ | | | | | | | | | | | | | Fixed at 1.68% for first 2 years. | | | | | | | | | | | | | | | | Mortgage loan I | | S$ | | | 3,270,400 | | | July 31, 2030 | | Subsequent years- 1.30% to 2.00% over the applicable 3-month Compounded Singapore Overnight Rate Average (“SORA”) | | Monthly repayment | | | 1,364,353 | | | | 1,188,377 | | | | 883,880 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Mortgage loan II | | S$ | | | 1,062,500 | | | May 31, 2036 | | 1.30% to 2.00% over the applicable 3-month SORA | | Monthly repayment | | | 708,010 | | | | 670,829 | | | | 498,943 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Mortgage loan III | | S$ | | | 887,000 | | | March 31, 2031 | | 1.30% to 2.00% over the applicable 3-month SORA | | Monthly repayment | | | 644,691 | | | | 565,504 | | | | 420,605 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Mortgage loan IV | | S$ | | | 907,000 | | | August 31, 2036 | | 1.30% to 2.00% over the applicable 3-month SORA | | Monthly repayment | | | 634,075 | | | | 595,455 | | | | 442,882 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Mortgage loan V* | | | | | S$1,311,000 | | | March 21, 2040 | | Fixed at 3.00% for first 2 years
Subsequent years- 3.00% over the applicable 3-month Compounded Singapore Overnight Rate Average (“SORA”) | | Monthly repayment | | | — | | | | 131,219 | | | | 97,597 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Term loan I | | S$ | | | 960,000 | | | August 31, 2036 | | 1.30% to 2.00% over the applicable 3-month SORA | | Monthly repayment | | | 70,937 | | | | 66,617 | | | | 49,548 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Term loan II | | S$ | | | 200,000 | | | August 31, 2036 | | 1.30% to 2.0% over the applicable 3-month SORA | | Monthly repayment | | | 17,248 | | | | 16,198 | | | | 12,048 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Trust receipts | | S$ | | | 1,000,000 | | | N/A | | Prevailing Cost of Funds plus 1.50% | | Upon 90 to 120 days | | | 230,501 | | | | — | | | | — | | | Total bank loans | | | | | | | | | | | | | | | 3,669,815 | | | | 3,234,199 | | | | 2,405,503 | |
| * | Mortgage Loan V relates to the construction in progress, as
disclosed in Note 9. |
|
| Schedule of Maturity Dates for the Company’s Outstanding Bank Loans |
The maturity dates for the Company’s outstanding
bank loans as of March 31,2024 and 2025 are as follows:
| | |
As of March 31, | |
| | |
2024 | | |
2025 | | |
2025 | |
| | |
S$ | | |
S$ | | |
US$ | |
| 2025 | |
| 698,928 | | |
| — | | |
| — | |
| 2026 | |
| 468,427 | | |
| 490,858 | | |
| 365,086 | |
| 2027 | |
| 468,427 | | |
| 484,500 | | |
| 360,357 | |
| 2028 | |
| 468,427 | | |
| 483,922 | | |
| 359,927 | |
| 2029 | |
| 468,427 | | |
| 483,922 | | |
| 359,927 | |
| 2030 | |
| — | | |
| 483,922 | | |
| 359,927 | |
| Thereafter | |
| 1,723,113 | | |
| 1,347,093 | | |
| 1,001,929 | |
| Total bank loans | |
| 4,295,749 | | |
| 3,774,217 | | |
| 2,807,153 | |
| Less: Imputed interest | |
| (625,934 | ) | |
| (540,018 | ) | |
| (401,650 | ) |
| Present value of bank loans | |
| 3,669,815 | | |
| 3,234,199 | | |
| 2,405,503 | |
|