v3.26.1
Bank and Other Borrowings and Bank Overdrafts (Details)
 12 Months Ended
Mar. 31, 2026
USD ($)
Mar. 31, 2025
USD ($)
Mar. 31, 2024
USD ($)
Mar. 24, 2026
HKD ($)
Feb. 09, 2026
USD ($)
Feb. 09, 2026
HKD ($)
Feb. 04, 2026
HKD ($)
Aug. 21, 2025
USD ($)
Aug. 21, 2025
HKD ($)
Dec. 20, 2024
USD ($)
Dec. 20, 2024
HKD ($)
Sep. 12, 2024
USD ($)
Sep. 12, 2024
HKD ($)
Jun. 01, 2024
HKD ($)
May 22, 2024
HKD ($)
Nov. 03, 2023
HKD ($)
Feb. 23, 2023
HKD ($)
Nov. 01, 2022
HKD ($)
Oct. 18, 2022
HKD ($)
Jul. 27, 2022
HKD ($)
May 06, 2021
HKD ($)
Nov. 14, 2020
HKD ($)
May 26, 2020
HKD ($)
Bank and Other Borrowings and Bank Overdrafts [Line Items]                                              
Working capital term                                         8 years    
Cash surrender value $ 1,448,925 $ 1,390,388               $ 1,381,153                          
Interest expense 723,536 835,015 $ 640,576                                        
Bank borrowings                   $ 851,718                          
2020 Loan Agreement [Member]                                              
Bank and Other Borrowings and Bank Overdrafts [Line Items]                                              
Long term debt                                   $ 4,000,000       $ 1,000,000 $ 4,000,000
First Amended and Restated Loan Agreement [Member]                                              
Bank and Other Borrowings and Bank Overdrafts [Line Items]                                              
Long term debt                                     $ 1,000,000        
Second Amended and Restated Loan Agreement [Member]                                              
Bank and Other Borrowings and Bank Overdrafts [Line Items]                                              
Long term debt                             $ 1,000,000                
2021 Loan Agreement [Member]                                              
Bank and Other Borrowings and Bank Overdrafts [Line Items]                                              
Long term debt 127,567                                       $ 1,000,000    
Bank and Other Borrowings [Member]                                              
Bank and Other Borrowings and Bank Overdrafts [Line Items]                                              
Long term debt 11,982,316 12,044,435                                          
Borrowings [Member]                                              
Bank and Other Borrowings and Bank Overdrafts [Line Items]                                              
Long term debt 382,702                                     $ 3,000,000      
Working capital term                                       10 years      
Annual interest rate         12.00% 12.00%                           2.25%      
Bank borrowings 9,858,477                                            
Borrowings [Member] | Minimum [Member]                                              
Bank and Other Borrowings and Bank Overdrafts [Line Items]                                              
Long term debt       $ 4,000,000     $ 6,000,000                                
Borrowings [Member] | Maximum [Member]                                              
Bank and Other Borrowings and Bank Overdrafts [Line Items]                                              
Long term debt       $ 30,000,000     $ 26,000,000                                
Borrowings [Member] | 2020 Loan Agreement [Member]                                              
Bank and Other Borrowings and Bank Overdrafts [Line Items]                                              
Annual interest rate                                           2.25% 2.25%
Borrowings [Member] | 2021 Loan Agreement [Member]                                              
Bank and Other Borrowings and Bank Overdrafts [Line Items]                                              
Annual interest rate                                         2.25%    
Kin Chiu [Member]                                              
Bank and Other Borrowings and Bank Overdrafts [Line Items]                                              
Long term debt 2,551,346                   $ 6,638,838           $ 20,000,000            
Kin Chiu [Member] | Factoring Agreement [Member]                                              
Bank and Other Borrowings and Bank Overdrafts [Line Items]                                              
Long term debt 3,316,750                                            
Kin Chiu [Member] | Borrowings [Member]                                              
Bank and Other Borrowings and Bank Overdrafts [Line Items]                                              
Annual interest rate                   1.00% 1.00%           2.00%            
The Hongkong and Shanghai Banking Corporation Limited (“HSBC”) – Guarantee loan 1 [Member] | 2020 Loan Agreement [Member]                                              
Bank and Other Borrowings and Bank Overdrafts [Line Items]                                              
Long term debt                           $ 4,000,000                  
Working capital term                                             3 years
The Hongkong and Shanghai Banking Corporation Limited (“HSBC”) – Guarantee loan 1 [Member] | Bank and Other Borrowings [Member]                                              
Bank and Other Borrowings and Bank Overdrafts [Line Items]                                              
Long term debt $ 137,759 $ 138,733                                          
Annual interest rate [1] 2.75% 3.00%                                          
The Hongkong and Shanghai Banking Corporation Limited (“HSBC”) – Guarantee loan 1 [Member] | Borrowings [Member]                                              
Bank and Other Borrowings and Bank Overdrafts [Line Items]                                              
Long term debt $ 510,269                                            
The Hongkong and Shanghai Banking Corporation Limited (“HSBC”) – Guarantee loan 1 [Member] | Borrowings [Member] | 2020 Loan Agreement [Member]                                              
Bank and Other Borrowings and Bank Overdrafts [Line Items]                                              
Long term debt                                             $ 4,000,000
The Hongkong and Shanghai Banking Corporation Limited (“HSBC”) – Guarantee loan 1 [Member] | Kin Chiu [Member]                                              
Bank and Other Borrowings and Bank Overdrafts [Line Items]                                              
Long term debt 846,644                                            
HSBC – Guarantee loan 2 [Member] | 2020 Loan Agreement [Member]                                              
Bank and Other Borrowings and Bank Overdrafts [Line Items]                                              
Long term debt 127,567                                         $ 1,000,000  
Working capital term                                           5 years  
HSBC – Guarantee loan 2 [Member] | Bank and Other Borrowings [Member]                                              
Bank and Other Borrowings and Bank Overdrafts [Line Items]                                              
Long term debt $ 93,477 $ 94,420                                          
Annual interest rate [2] 2.75% 3.00%                                          
HSBC – Guarantee loan 2 [Member] | Kin Chiu [Member]                                              
Bank and Other Borrowings and Bank Overdrafts [Line Items]                                              
Long term debt $ 2,296,211                             $ 18,000,000              
HSBC – Guarantee loan 2 [Member] | Kin Chiu [Member] | Borrowings [Member]                                              
Bank and Other Borrowings and Bank Overdrafts [Line Items]                                              
Annual interest rate                               2.50%              
AR Horizon Limited – Export Invoice Finance Facility [Member] | Bank and Other Borrowings [Member]                                              
Bank and Other Borrowings and Bank Overdrafts [Line Items]                                              
Long term debt $ 514,138                                          
Annual interest rate [3]   12.00%                                          
AR Horizon Limited – Export Invoice Finance Facility [Member] | Borrowings [Member]                                              
Bank and Other Borrowings and Bank Overdrafts [Line Items]                                              
Long term debt               $ 514,007 $ 4,000,000       $ 4,000,000                    
Annual interest rate               12.00% 12.00%     12.00% 12.00%                    
AR Horizon Limited – Export Invoice Finance Facility [Member] | Borrowings [Member] | Bank and Other Borrowings [Member]                                              
Bank and Other Borrowings and Bank Overdrafts [Line Items]                                              
Long term debt                       $ 514,138                      
Riverchain One Limited – Export Invoice Finance Facility [Member] | Bank and Other Borrowings [Member]                                              
Bank and Other Borrowings and Bank Overdrafts [Line Items]                                              
Long term debt $ 892,971     $ 892,971                                    
Annual interest rate [4] 12.00%                                            
Riverchain One Limited – Export Invoice Finance Facility [Member] | Borrowings [Member]                                              
Bank and Other Borrowings and Bank Overdrafts [Line Items]                                              
Long term debt           $ 7,000,000                                  
HSBC – Funds from factoring [Member] | Bank and Other Borrowings [Member]                                              
Bank and Other Borrowings and Bank Overdrafts [Line Items]                                              
Long term debt $ 3,827,019 $ 2,570,694                                          
Annual interest rate [5] 4.235% 5.728%                                          
HSBC – Funds from factoring [Member] | Borrowings [Member] | Bank and Other Borrowings [Member]                                              
Bank and Other Borrowings and Bank Overdrafts [Line Items]                                              
Long term debt $ 3,827,019                                            
Universal Life Insurance (ULI) Loan (I) and Loan (II) [Member] | Bank and Other Borrowings [Member]                                              
Bank and Other Borrowings and Bank Overdrafts [Line Items]                                              
Long term debt $ 645,062 $ 812,442                                          
Annual interest rate [6] 3.283% 4.737%                                          
Support Equipment and Facilities [Member]                                              
Bank and Other Borrowings and Bank Overdrafts [Line Items]                                              
Long term debt $ 5,102,692                               $ 40,000,000            
Support Equipment and Facilities [Member] | Borrowings [Member]                                              
Bank and Other Borrowings and Bank Overdrafts [Line Items]                                              
Annual interest rate                                 2.50%            
[1] On May 26, 2020, the Company borrowed HK$4,000,000 (equivalently to US$510,269 as at March 31, 2026) as working capital for 3 years (the 2020 Loan Agreement — HK$4 million) at an annual interest rate of HSBC Prime Lending Rate (“BLR”) minus 2.25% under the loan agreement with HSBC. The loan is secured by The Hong Kong Mortgage Corporation Limited. On November 1, 2022, the Company and HSBC amended and restated the 2020 Loan Agreement — HK$4 million (the First Amended and Restated Loan Agreement), the payment schedule of the outstanding of the loan was modified to 91 equal payments of principal, plus accrued and unpaid interest. On June 1, 2024, the Company and HSBC amended and restated the 2020 Loan Agreement — HK$4 million (the Second Amended and Restated Loan Agreement), the payment schedule of the outstanding loan was modified to 83 payments of principal, plus accrued and unpaid interest.
[2] On November 14, 2020, the Company borrowed HK$1,000,000 (equivalently to US$127,567 as at March 31, 2026) as working capital for 5 years (the 2020 Loan agreement — HK$1 million) at an annual interest rate of BLR minus 2.25% under the loan agreement with HSBC. The loan is secured by The Hong Kong Mortgage Corporation Limited. On October 18, 2022, the Company and HSBC amended and restated the 2020 Loan Agreement — HK$1 million (the First Amended and Restated Loan Agreement), the payment schedule of the outstanding of the loan was modified to 98 equal payments of principal, plus accrued and unpaid interest. On May 22, 2024, the Company and HSBC amended and restated the 2020 Loan Agreement — HK$1 million (the Second Amended and Restated Loan Agreement), the payment schedule of the outstanding of the loan was modified to 90 payments of principal, plus accrued and unpaid interest.
[3] On September 12, 2024, AR Horizon Limited issued Export Invoice Finance Facility for the granting of export loan with respect to commercial invoices issued by the borrowers to the employers in an aggregate amount not to exceed US$514,138 (HK$4,000,000). The loan is secured by an assignment of receivables. The interest rate for the Export Invoice Finance Facility is 12% per annum. The loan is repayable 9 months from the date of drawdown. On August 21, 2025, AR Horizon Limited issued Export Invoice Finance Facility for the granting of export loan with respect to commercial invoices issued by the borrowers to the employers in an aggregate amount not to exceed US$514,007 (HK$4,000,000). The loan is secured by an assignment of receivables. The interest rate for the Export Invoice Finance Facility is 12% per annum. The loan is repayable 9 months from the date of drawdown and is fully repaid during the year ended March 31, 2026.
[4] On February 9, 2026, Riverchain One Limited issued Export Invoice Finance Facility for the granting of export loan with respect to commercial invoices issued by the borrowers to the employers in an aggregate amount not to exceed US$892,971 (HK$7,000,000). The loan is secured by an assignment of receivables. The interest rate for the Export Invoice Finance Facility is 12% per annum. The loan is repayable 60 days from the date of drawdown.
[5] On February 23, 2023, HSBC issued discounting/factoring agreement for Kin Chiu’s account in an aggregate amount not to exceed HK$20,000,000 (equivalently to US$2,551,346 as at March 31, 2026), which may include working capital identified in HSBC’s various agreements. On November 3, 2023, the Company renewed the discounting/factoring agreement with the same terms. The interest rate for the discounting/factoring agreement is 2% per annum over 1-month HIBOR on such day. The loan is repayable 90 days from the date of drawdown and secured by personal guarantees from Mr. Ngo Chiu Lam and Mr. Wong Chak Lam. On February 4, 2026, the Company renewed the discounting/factoring agreement and increased Kin Chiu’s fund-in-use limit by HK$6,000,000 to HK$26,000,000 (equivalent to US$3,316,750 as at March 31, 2026). On March 24, 2026, the Company renewed the discounting/factoring agreement and increased Kin Chiu’s fund-in-use limit by HK$4,000,000 to HK$30,000,000 (equivalent to US$3,827,019 as at March 31, 2026).
[6] On December 20, 2024, HSBC issued banking facilities as working capital for Kin Chiu’s account in an aggregate amount not to exceed HK$6,638,838 (equivalently to US$846,644 as at March 31, 2026). The interest rate for the SME financing guarantee scheme is HIBOR + 1% per annum. The loan is secured by the entire life insurance policy from Mr. Ngo Chiu Lam and Mrs. Po Lok Sze (Note 13g). The loan contains a repayment on demand clause. The cash surrender value is US$1,381,153 as of date of transfer. Should the realized market value of this collateral upon enforcement be insufficient to cover the full outstanding loan balance of US$645,062 as of March 31, 2026, Mr. Ngo Chiu Lam has undertaken to personally settle any resulting shortfall. The loan contains a repayable on demand clause, therefore, the loan was classified under current liabilities.