BANK AND OTHER BORROWINGS (Tables)
|
12 Months Ended |
Mar. 31, 2026 |
|---|
| Bank And Other Borrowings |
|
| SCHEDULE OF BANK AND OTHER BORROWINGS |
SCHEDULE OF BANK AND OTHER BORROWINGS
| | |
2026 | | |
2025 | |
| | |
HK$ | | |
HK$ | |
| | |
| | |
| |
| Bank loans | |
| 6,978,895 | | |
| 2,623,655 | |
| Other loans | |
| - | | |
| 26,600,000 | |
| | |
| | | |
| | |
| Total | |
| 6,978,895 | | |
| 29,223,655 | |
| | |
| | | |
| | |
| Secured | |
| 6,978,895 | | |
| 4,623,655 | |
| Unsecured | |
| - | | |
| 24,600,000 | |
| | |
| | | |
| | |
| Total | |
| 6,978,895 | | |
| 29,223,655 | |
| | |
| | | |
| | |
| Carrying amount of principal and accrued interests repayable: | |
| | | |
| | |
| Within one year | |
| 1,950,574 | | |
| 26,638,984 | |
| In more than one year but not exceeding five years | |
| 5,028,321 | | |
| 2,542,107 | |
| More than five years | |
| - | | |
| 42,564 | |
| | |
| 6,978,895 | | |
| 29,223,655 | |
| | |
| | | |
| | |
| Amounts due within one year, shown under current liabilities with repayment on demand | |
| 6,978,895 | | |
| 29,223,655 | |
|
| SCHEDULE OF DETAILS OF BANK AND OTHER BORROWINGS |
Details
of the bank and other borrowings are as follows:
SCHEDULE OF DETAILS OF BANK AND OTHER BORROWINGS
| |
|
Loan 1 |
|
Loan 2 |
|
Loan 3 |
|
Loan 4 |
| |
|
HK$ |
|
HK$ |
|
HK$ |
|
HK$ |
| Principal |
|
3,088,800 |
|
20,000,000 |
|
2,000,000 |
|
3,610,000 |
| Interest rate p.a |
|
2.75% to 3.00% |
|
10% |
|
5% |
|
5% |
| Inception date |
|
18/2/2021 |
|
17/7/2017 |
|
15/5/2010 |
|
9/3/2018 |
| Maturity date |
|
18/1/2030 |
|
17/6/2029 |
|
On demand |
|
On demand |
| Repayment terms |
|
Repayable on demand |
|
Repayable on demand |
|
Repayable on demand |
|
Repayable on demand |
| Security |
|
Government Guarantee and director’s personal
guarantee |
|
Not secured |
|
Director’s personal patent right |
|
Not secured |
| Outstanding Amount as at March 31,
2026 |
|
1,902,467 |
|
- |
|
- |
|
- |
| Outstanding Amount as at March 31, 2025 |
|
1,941,641 |
|
20,000,000 |
|
2,000,000 |
|
3,610,000 |
| Outstanding Amount as at March 31, 2024 |
|
2,359,432 |
|
20,000,000 |
|
2,000,000 |
|
3,610,000 |
| |
|
Loan 5 |
|
Loan 6 |
|
Loan 7 |
|
Loan 8 |
| |
|
HK$ |
|
HK$ |
|
HK$ |
|
HK$ |
| Principal |
|
990,000 |
|
1,004,400 |
|
3,000,000 |
|
2,500,000 |
| Interest rate p.a |
|
5% |
|
2.75% to 3.00% |
|
2.84%-5.73% |
|
6.25% |
| Inception date |
|
9/4/2018 |
|
9/7/2021 |
|
21/5/2025 |
|
14/1/2026 |
| Maturity date |
|
On demand |
|
9/6/2030 |
|
21/5/2028 |
|
13/1/2031 |
| Repayment terms |
|
Repayable on demand |
|
Repayable on demand |
|
Repayable on demand |
|
Repayable on demand |
| Security |
|
Not secured |
|
Government Guarantee and director’s personal guarantee |
|
Director’s personal guarantee |
|
One unit of BocaSL Adiabatic Air Cooled Magnetic Oil Free Centrifugal Chiller (Model: BOSL-300) |
| Outstanding Amount as at March 31,
2026 |
|
- |
|
682,014 |
|
2,107,036 |
|
2,287,378 |
| Outstanding Amount as at March 31, 2025 |
|
990,000 |
|
682,014 |
|
- |
|
- |
| Outstanding Amount as at March 31, 2024 |
|
990,000 |
|
828,543 |
|
- |
|
- |
Note:
| |
|
Loan 1, 6, 7 and 8 are bank borrowings. |
| |
|
|
| |
|
The
repayment term of loan 2 is 12 years
but repayable on demand. This loan was settled subsequent to the Company’s listing, whereby the Company exercised the early
repayment clause, resulting in HK$ 6,618,280 of interest being waived for the year ended 31 March 2026. |
| |
|
|
| |
|
Loan 7 & 8 were drawdown whiles Loan 2 – 5 were repaid during the year ended March 31, 2026 |
|
| SCHEDULE OF BORROWINGS |
The
continuity of the term facility for the years ended March 31, 2026 and 2025.
SCHEDULE OF BORROWINGS
| | |
2026 | | |
2025 | |
| | |
HK$ | | |
HK$ | |
| | |
| | |
| |
| Balance at beginning of the year | |
| 29,223,655 | | |
| 29,787,975 | |
| Repayments | |
| (15,105,872 | ) | |
| (564,320 | ) |
| Drawdown | |
| 5,170,000 | | |
| - | |
| Loan Forgiveness | |
| (7,708,888 | ) | |
| - | |
| Settlement with issuance of ordinary shares of the Company (Note 22c) | |
| (4,600,000 | ) | |
| - | |
| Balance at end of the year | |
| 6,978,895 | | |
| 29,223,655 | |
| Less: Current portion | |
| (6,978,895 | ) | |
| (29,223,655 | ) |
| | |
| | | |
| | |
| Non-current portion | |
| - | | |
| - | |
|