$FMFC
Kandal M Venture Ltd
CIK:0002024656|SEC Filings
Consolidated Statements of Cash Flows - USD ($) |
12 Months Ended | ||
|---|---|---|---|
Mar. 31, 2026 |
Mar. 31, 2025 |
Mar. 31, 2024 |
|
| Cash flows from operating activities | |||
| Profit before income tax | $ 430,405 | $ 228,954 | $ 1,297,633 |
| Adjustments for: | |||
| Depreciation of property, plant and equipment | 199,328 | 193,626 | 198,360 |
| Depreciation of right-of-use assets | 69,242 | 69,241 | 69,241 |
| Interest expense | 143,340 | 595,421 | 421,713 |
| Interest income from loan to related party | (23,736) | (370,705) | (165,368) |
| Interest income from loan to third party | (180,528) | ||
| Interest income | (30,403) | ||
| Inventories write-down | 37,229 | 37,557 | 65,770 |
| Reversal of inventories write-down | (77,240) | (28,678) | |
| Allowance for provision for expected credit losses – other receivables | 15,894 | 71,188 | 11,532 |
| Reversal of allowance for provision for expected credit losses – other receivables | (106,293) | ||
| Other receivables written off | 35,120 | ||
| Allowance for provision for expected credit losses – third parties | 27,694 | ||
| Operating cash flows before working capital changes | 504,932 | 831,724 | 1,898,881 |
| Changes in working capital: | |||
| Inventories | (863,576) | 147,511 | 1,519,269 |
| Trade and other receivables | (471,955) | (659,095) | (112,572) |
| Trade and other payables | (859,757) | 1,958,462 | (43,699) |
| Cash generated from operations | (1,690,356) | 2,278,602 | 3,261,879 |
| Income tax paid | (194,451) | (144,037) | (123,111) |
| Net cash generated from/(used in) operating activities | (1,884,807) | 2,134,565 | 3,138,768 |
| Cash flows from investing activities | |||
| Purchase of property, plant and equipment | (36,167) | (16,710) | (22,972) |
| Acquisition of equity investment | (2,500,000) | ||
| Interest received | 210,931 | ||
| Deferred initial public offering (“IPO”)costs | (307,648) | (565,129) | (230,642) |
| Net cash used in investing activities | (2,632,884) | (581,839) | (253,614) |
| Cash flows from financing activities | |||
| Proceeds from issuance of IPO shares, net | 8,014,981 | ||
| (Loans to)/Repayment from related parties | 4,314,951 | 80,664 | (3,783,461) |
| (Advances to)/Repayments from related parties, net | 981,675 | 999,610 | (5,110,245) |
| Proceeds from/(Repayments of) borrowings, net | (5,088,600) | (2,095,514) | 6,373,131 |
| Interest paid on borrowings | (132,780) | (578,660) | (399,226) |
| Payment of lease liabilities | (80,916) | (74,716) | (68,989) |
| Interest paid on lease liabilities | (10,560) | (16,761) | (22,487) |
| Net cash (used in )/generated from financing activities | 7,998,751 | (1,685,377) | (3,011,277) |
| Net change in cash and cash equivalents | 3,481,060 | (132,651) | (126,123) |
| Cash and cash equivalents at beginning of year | 102,697 | 235,348 | 361,471 |
| Cash and cash equivalents at end of year | $ 3,583,757 | $ 102,697 | $ 235,348 |
Consolidated Statements of Financial Position - USD ($) |
Mar. 31, 2026 |
Mar. 31, 2025 |
||
|---|---|---|---|---|
| Non-current assets | ||||
| Property, plant and equipment | $ 349,440 | $ 512,601 | ||
| Right-of-use assets | 69,241 | 138,483 | ||
| Other investment | 2,500,000 | |||
| Deferred tax assets | 48,306 | 29,787 | ||
| Total non-current assets | 2,966,987 | 680,871 | ||
| Current assets | ||||
| Inventories | 2,549,920 | 1,646,333 | ||
| Trade and other receivables | 2,032,477 | 1,497,817 | ||
| Deferred initial public offering (“IPO”) costs | 795,771 | |||
| Amounts due from related parties | 72,033 | 1,053,708 | ||
| Loans to related parties | 4,291,215 | |||
| Cash and cash equivalents | 3,583,757 | 102,697 | ||
| Total current assets | 8,238,187 | 9,387,541 | ||
| Total assets | 11,205,174 | 10,068,412 | ||
| Equity attributable to owners of the Company | ||||
| Share capital | [1] | 183 | 160 | |
| Share premium | 7,435,512 | |||
| Merger reserve | 13 | 13 | ||
| Capital reserve | (2,500,000) | (2,500,000) | ||
| Foreign currency translation reserve | 5,130 | 5,130 | ||
| Retained earnings | 3,108,426 | 2,872,801 | ||
| Total equity | 8,049,264 | 378,104 | ||
| Non-current liabilities | ||||
| Lease liabilities | 87,632 | |||
| Total non-current liabilities | 87,632 | |||
| Current liabilities | ||||
| Trade and other payables | 3,041,100 | 4,424,830 | ||
| Lease liabilities | 87,632 | 80,916 | ||
| Borrowings | 5,088,600 | |||
| Income tax payable | 27,178 | 8,330 | ||
| Total current liabilities | 3,155,910 | 9,602,676 | ||
| Total liabilities | 3,155,910 | 9,690,308 | ||
| Total equity and liabilities | $ 11,205,174 | $ 10,068,412 | ||
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