RELATED PARTY TRANSACTIONS (Tables)
|
12 Months Ended |
Mar. 31, 2026 |
|---|
| Related Party Transactions [Abstract] |
|
| SCHEDULE OF RELATIONSHIP WITH RELATED PARTIES |
The
Company’s relationship with related parties who had transactions with the Company are summarized as follows:
SCHEDULE OF RELATIONSHIP WITH RELATED PARTIES
| Related
Party |
|
Relationship
to the Company |
| Mr.
Man Siu Ming |
|
General
Manager |
| Chi
Yip Eng. & (Trans.) Company Limited (“Chi Yip”) |
|
A company owned by Mr. Man Siu Ming’s parents |
|
| SCHEDULE OF TRANSACTIONS WITH RELATED PARTIES |
SCHEDULE OF TRANSACTIONS WITH RELATED PARTIES
| | |
2024 | | |
2025 | | |
2026 | |
| | |
Year
ended March 31, | |
| | |
2024 | | |
2025 | | |
2026 | |
| | |
USD | | |
USD | | |
USD | |
| | |
| | |
| | |
| |
| Soil and rock transportation income
charged to Chi Yip included in revenues | |
| - | | |
| 643,748 | | |
| 443,314 | |
| Site management income charge to Chi Yip included
in other income | |
| - | | |
| 33,030 | | |
| - | |
| | |
| | | |
| | | |
| | |
| Service fee charged by Chi Yip included in
cost of sales | |
| 1,023,137 | | |
| 887,945 | | |
| 1,282,408 | |
| | |
| | | |
| | | |
| | |
| Finance lease: | |
| | | |
| | | |
| | |
| Finance lease expenses fees paid for Chi Yip | |
| 29,307 | | |
| 56,135 | | |
| 41,285 | |
| Initial payment of finance lease – related
parties | |
| (156,248 | ) | |
| - | | |
| - | |
| Principal payment of finance lease liabilities
- related parties | |
| (322,807 | ) | |
| (301,979 | ) | |
| (307,780 | ) |
| | |
| | | |
| | | |
| | |
| Proceeds from (Repayment to) Chi
Yip | |
| 156,248 | | |
| (156,248 | ) | |
| - | |
| | |
| | | |
| | | |
| | |
| Proceeds from Director - Man Siu Ming | |
| 275,619 | | |
| 666,214 | | |
| 1,087,747 | |
| Repayments to Director - Man Siu Ming | |
| (623,776 | ) | |
| (333,042 | ) | |
| (596,154 | ) |
| Net (repayments to)
proceeds from Man Siu Ming | |
| (348,157 | ) | |
| 333,172 | | |
| 491,593 | |
|
| SCHEDULE OF BALANCE WITH RELATED PARTIES |
SCHEDULE
OF BALANCE WITH RELATED PARTIES
| | |
As
of March 31, | |
| | |
2025 | | |
2026 | |
| | |
USD | | |
USD | |
| Accounts receivable | |
| | | |
| | |
| Chi Yip
Eng. & (Trans.) Company Limited | |
| 445,573 | | |
| 339,395 | |
| | |
| | | |
| | |
| Finance lease liabilities | |
| | | |
| | |
| Chi Yip Eng. & (Trans.)
Company Limited | |
| 815,372 | | |
| 499,839 | |
| | |
| | | |
| | |
| Amount due to related
parties | |
| | | |
| | |
| Mr. Man Siu Ming | |
| 530,078 | | |
| 1,708,019 | |
|
| SCHEDULE OF KEY TERMS OF LEASES |
Key
terms of the Company’s leases with Chi Yip are as follows:
SCHEDULE OF KEY TERMS OF LEASES
| | |
As
of March 31, | |
| | |
2025 | | |
2026 | |
| | |
USD | | |
USD | |
| Weighted-average remaining lease term-finance | |
2.89 years | | |
1.41 years | |
| Weighted average discount rate-finance | |
| 6.85 | % | |
| 7.60 | % |
|
| SCHEDULE OF MATURITY ANALYSIS FOR LEASE LIABILITIES |
The
following is a maturity analysis of the annual undiscounted cash flows for lease liabilities with Chi Yip as of March 31, 2026:
SCHEDULE OF MATURITY ANALYSIS FOR LEASE LIABILITIES
| | |
USD | |
| Year ending March 31, | |
| | |
| 2027 | |
| 229,292 | |
| 2028 | |
| 193,826 | |
| 2029 | |
| 124,924 | |
| 2030 | |
| - | |
| 2031 and thereafter | |
| - | |
| Total undiscounted lease
payments | |
| 548,042 | |
| Less: imputed interest | |
| (48,203 | ) |
| Lease
liabilities recognized in the Consolidated Balance Sheet | |
| 499,839 | |
|