Banking facilities (Tables)

12 Months Ended

Mar. 31, 2021

Banking Facilities

General banking facilities

The Company’s general banking facilities, expressed in United States dollars, are further detailed as follows:

	Amount available				Amount utilized				Amount unutilized				Terms of banking facilities as of
	March 31,				March 31,				March 31,				March 31, 2021
	2020		2021		2020		2021		2020		2021		Interest	Repayment
	$ in thousands				$ in thousands				$ in thousands				rate	Terms
Import and export facilities
Combined limit		2,564		2,564		937		492		1,627		2,072
Including sub-limit of:
Notes payable		2,308		2,308		—		25		2,308		2,283	HIBOR* +2.5%	Repayable in full within 120 days
Bank overdrafts		641		641		—		—		641		641	Prime rate +1%	Repayable on demand
Long term loans (1)		1,214		1,214		937		467		277		747	HIBOR* +2%	Term loans repayable monthly over 3 years.
Other facilities
Export documentary credits		641		641		—		—		641		641
Revolving loan		1,923		1,923		1,000		500		923		1,423	HIBOR* +2.25%	Repayable until redemption of a listed debt instrument
		5,128		5,128		1,937		992		3,191		4,136

Short-term borrowings

The weighted average interest rates of borrowings of the Company are as follows:

	During the fiscal year ended March 31,
	2020			2021
Bank overdrafts		6.00	%		6.00	%
Notes payable		4.71	%		2.85	%
Term loans		4.06	%		2.78	%
Revolving loan		4.29	%		2.50	%