v3.26.1
BUSINESS COMBINATIONS (Tables)
 12 Months Ended
Mar. 31, 2026
PJ Marine Singapore Pte Ltd [Member]  
Business Combination [Line Items]  
SCHEDULE OF BUSINESS ACQUISITION

 SCHEDULE OF BUSINESS ACQUISITION

Fair value of consideration transferred

  US$ 
Cash consideration paid at closing   965,000 
Fair value of deferred consideration   794,032 
Total consideration transferred   1,759,032 
SCHEDULE OF ASSETS ACQUIRED AND LIABILITIES ASSUMED

Net tangible assets acquired

  US$ 
Assets    
Cash and cash equivalents   521,927 
Accounts receivable, net   576,370 
Prepaid expenses and other current assets, net   250 
Total assets acquired   1,098,547 
      
Liabilities     
Accounts payable   20,227 
Accruals and other current liabilities   529,072 
Dividend payable   426,092 
Income tax payable   44,841 
Total liabilities assumed   1,020,232 
      
Net tangible assets acquired   78,315 

 

 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

3. BUSINESS COMBINATIONS – CONTINUED

 

Acquisition of PJ Marine Singapore Pte. Ltd. - Continued

 

Allocation of purchase consideration  US$ 
Net tangible assets acquired   78,315 
Customer relationship intangible assets (Note 9)   737,757 
Deferred tax liabilities (Note 11)   (125,419)
Total identifiable net assets acquired   690,653 
Goodwill (Note 8)   1,068,379 
Total consideration transferred   1,759,032 
Peijun Marine Consultant Co Ltd [Member]  
Business Combination [Line Items]  
SCHEDULE OF BUSINESS ACQUISITION

 SCHEDULE OF BUSINESS ACQUISITION

Fair value of consideration transferred  US$ 
Cash consideration paid at closing   250,531 
Fair value of deferred consideration   210,580 
Total consideration transferred   461,111 
SCHEDULE OF ASSETS ACQUIRED AND LIABILITIES ASSUMED

 

Net tangible assets acquired

  US$ 
Assets    
Cash and cash equivalents   357,512 
Accounts receivable, net   118,604 
Total assets acquired   476,116 
      
Liabilities     
Accounts payables   128,851 
Accruals and other current liabilities   109,280 
Dividend payable   237,895 
Total liabilities assumed   476,026 
      
Net tangible assets acquired   90 

 

Allocation of purchase consideration 

US$

 
Net tangible assets acquired   90 
Customer relationship intangible assets (Note 9)   412,655 
Deferred tax liabilities (Note 11)   (68,088)
Total identifiable net assets acquired   344,657 
      
Reconciliation of goodwill:     
Total consideration transferred   461,111 
Add: Fair value of non-controlling interest   307,407 
Less: Identifiable net assets acquired   (344,657)
Goodwill (Note 8)   423,861 
PJ Marine Shanghai Co Ltd [Member]  
Business Combination [Line Items]  
SCHEDULE OF BUSINESS ACQUISITION

 SCHEDULE OF BUSINESS ACQUISITION

Fair value of consideration transferred  US$ 
Cash consideration paid at closing   602,500 
Fair value of deferred consideration   508,661 
Total consideration transferred   1,111,161 
SCHEDULE OF ASSETS ACQUIRED AND LIABILITIES ASSUMED
Net tangible assets acquired  US$ 
Assets     
Cash and cash equivalents   154,852 
Accounts receivable, net   162,533 
Prepaid expenses and other current assets, net   20,265 
Total assets acquired   337,650 
      
Liabilities     
Accounts payables   10,220 
Dividend payable   168 
Total liabilities assumed   10,388 
      
Net tangible assets acquired   327,262 

 

Allocation of purchase consideration  US$ 
Net tangible assets acquired   327,262 
Customer relationship intangible assets (Note 9)   154,912 
Deferred tax liabilities (Note 11)   (38,728)
Total identifiable net assets acquired   443,446 
      
Reconciliation of goodwill:     
Total consideration transferred   1,111,161 
Add: Fair value of non-controlling interest   740,774 
Less: Identifiable net assets acquired   (443,446)
Goodwill (Note 8)   1,408,489