RELATED PARTY TRANSACTIONS

6 Months Ended

Sep. 30, 2022

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 4 – RELATED PARTY TRANSACTIONS

Lease

The Company has been provided office space by its President at no cost. The management determined that such cost is immaterial and did not recognize the rent expense in its financial statements.

Loan

In August 2019, the Company borrowed $71,000 from the President of the Company, which bears no interest with a maturity in December 2021. During the year ended March 31, 2022, the Company repaid $17,000 to the President of the Company after the Company borrowed $5,000 in May 2021. On December 29, 2021, the Company and our President entered into the first amendment to extend the maturity date to December 31, 2022.

From June to August 2022, the Company borrowed $11,900 in aggregate from the President of the Company, which bears no interest and is due on demand.

As of September 30, 2022 and March 31, 2022, the outstanding balance of shareholder loan was $70,900 and $59,000, respectively.