$GRVT
GreenVector Holdings Ltd
CIK:0002078037|SEC Filings
Consolidated Statements of Cash Flows - USD ($) |
12 Months Ended | ||
|---|---|---|---|
Mar. 31, 2026 |
Mar. 31, 2025 |
Mar. 31, 2024 |
|
| Cash flows from operating activities | |||
| Net profit | $ 109,728 | $ 1,262,825 | $ (25,675) |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for current expected credit losses | 105,540 | 11,567 | 1,087 |
| Provision for inventories | 12,844 | ||
| Depreciation on property, plant and equipment | 71,932 | 88,264 | 83,884 |
| Operating lease expense on right-of-use assets | 1,230,601 | 1,081,597 | 985,813 |
| Loss on disposal of property, plant and equipment | 8,717 | ||
| Change in operating assets and liabilities: | |||
| Accounts receivable, net | 448,969 | (484,446) | (38,686) |
| Prepayments, deposits and other receivables | (608,295) | (105,899) | 31,626 |
| Inventories | (116,476) | (67,039) | (67,953) |
| Accounts payables | 21,438 | 37,525 | (20,645) |
| Accruals and deposits received | 27,902 | 63,674 | 27,899 |
| Tax payable | 134,451 | 151,303 | |
| Amount due to a director | (26,031) | 106,110 | |
| Operating lease liabilities | (1,238,291) | (1,163,963) | (895,163) |
| Net cash provided by operating activities | 200,343 | 849,377 | 197,014 |
| Cash flows from investing activities | |||
| Proceeds from disposal of property and equipment | 2,556 | ||
| Purchase of property and equipment | (87,837) | (119,425) | (70,863) |
| Repayment from related parties | 321,341 | 62,643 | |
| Net cash provided by/(used in) investing activities | 233,504 | (56,782) | (68,307) |
| Cash flows from financing activities | |||
| Repayment of bank borrowing | (107,600) | (124,337) | |
| Advance from related parties | 11,872 | 8,145 | |
| Repayment to related parties | (167,437) | (25,374) | |
| Net cash used in financing activities | 11,872 | (266,892) | (149,711) |
| Net change in cash and cash equivalents | 445,719 | 525,703 | (21,004) |
| Effect on exchange rate change on cash and cash equivalents | (9,088) | 12,162 | (1,427) |
| Cash and cash equivalents at the beginning of the year | 741,537 | 203,672 | 226,103 |
| Cash and cash equivalents at the end of the year | 1,178,168 | 741,537 | 203,672 |
| Supplemental disclosure of cash flow information | |||
| Cash paid for interest expense | 4,331 | 6,857 | 11,761 |
| Cash received for interest income | 1,930 | 642 | 876 |
| Cash paid for income taxes | |||
| Supplemental disclosures of cash flow information | |||
| Right-of-use assets obtained in exchange of lease liabilities | $ 2,848,884 | $ 175,001 | $ 2,028,304 |
Consolidated Balance Sheets - USD ($) |
Mar. 31, 2026 |
Mar. 31, 2025 |
||
|---|---|---|---|---|
| Current assets | ||||
| Cash and cash equivalents | $ 1,178,168 | $ 741,537 | ||
| Accounts receivable | 2,258,220 | 2,830,047 | ||
| Prepayments, deposits and other receivables | 741,710 | 221,693 | ||
| Inventories, net | 345,973 | 245,074 | ||
| Total current assets | 4,524,071 | 4,359,692 | ||
| Non-current assets | ||||
| Property, plant and equipment, net | 230,695 | 216,523 | ||
| Long-term rental deposits | 97,427 | 15,424 | ||
| Right-of-use assets – operating lease | 2,325,978 | 640,801 | ||
| Deferred tax assets | 23,165 | 9,567 | ||
| Total non-current assets | 2,677,265 | 882,315 | ||
| TOTAL ASSETS | 7,201,336 | 5,242,007 | ||
| Current liabilities | ||||
| Bank borrowing – current | 154,972 | 156,170 | ||
| Tax payable | 307,432 | 161,166 | ||
| Operating lease liabilities | 1,163,658 | 565,864 | ||
| Total current liabilities | 1,926,766 | 1,213,513 | ||
| Non-current liabilities | ||||
| Operating lease liabilities | 1,162,320 | 82,649 | ||
| Total non-current liabilities | 1,249,750 | 82,649 | ||
| TOTAL LIABILITIES | 3,176,516 | 1,296,162 | ||
| Commitments and contingencies (Note 19) | ||||
| Shareholders’ equity | ||||
| Additional paid-in capital | 3,056,123 | 3,056,123 | ||
| Retained earnings | 972,317 | 862,589 | ||
| Accumulated other comprehensive income | (4,720) | 26,033 | ||
| Total shareholders’ equity | 4,024,820 | 3,945,845 | ||
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | 7,201,336 | 5,242,007 | ||
| Common Class A [Member] | ||||
| Shareholders’ equity | ||||
| Ordinary shares | [1] | 1,000 | 1,000 | |
| Common Class B [Member] | ||||
| Shareholders’ equity | ||||
| Ordinary shares | 100 | 100 | ||
| Third Party [Member] | ||||
| Current assets | ||||
| Accounts receivable | 488,713 | 14,770 | ||
| Prepayments, deposits and other receivables | 631,013 | 221,693 | ||
| Non-current assets | ||||
| Long-term rental deposits | 97,427 | |||
| Right-of-use assets – operating lease | 2,243,963 | 473,170 | ||
| Current liabilities | ||||
| Accounts payable | 138,590 | 76,883 | ||
| Accruals and deposits received | 121,958 | 111,998 | ||
| Operating lease liabilities | 1,081,643 | 473,170 | ||
| Non-current liabilities | ||||
| Long term deposit received – third party | 87,430 | |||
| Operating lease liabilities | 1,162,320 | |||
| Related Party [Member] | ||||
| Current assets | ||||
| Accounts receivable | 1,769,507 | 2,815,277 | ||
| Amount due from a related party | 321,341 | |||
| Prepayments, deposits and other receivables | 110,697 | |||
| Non-current assets | ||||
| Long-term rental deposits | 15,424 | |||
| Right-of-use assets – operating lease | 82,015 | 167,631 | ||
| Current liabilities | ||||
| Accounts payable | 15,306 | 56,791 | ||
| Accruals and deposits received | 13,393 | 84,641 | ||
| Amounts due to related parties | 11,457 | |||
| Operating lease liabilities | 82,015 | 92,694 | ||
| Non-current liabilities | ||||
| Operating lease liabilities | $ 82,649 | |||
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