Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 54

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 54
---
Further, Zoomcar Netherlands Holding B.V has advanced loan
to Zoomcar Egypt Car Rental LLC. Accordingly, Zoomcar Netherlands Holding B.V is exposed to the credit risk of Zoomcar Egypt Car Rental
LLC.

28Financial Instruments - Fair Value Measurements

ASC Topic 820, “Fair Value Measurements and Disclosures”
(“ASC 820”) defines fair value as the price that would be received upon sale of an asset or paid upon transfer of a liability
in an orderly transaction between market participants at the measurement date and in the principal or most advantageous market for that
asset or liability. The fair value should be calculated based on assumptions that market participants would use in pricing the asset or
liability as against assumptions specific to the entity. In addition, the fair value of liabilities should include consideration of non-performance
risk, including the Company’s own credit risk.

The carrying value of financial instruments not carried
at fair value by categories are as below:

    June 30, 2025  
    March 31, 2025 
  
    As at 
    Carrying value  
    Carrying value 
  
    Financial assets 

    Cash and cash equivalents 
    $385,229  
    $1,077,275 
  
    Accounts receivable 
     94,528  
     200,650 
  
    Receivable from government authorities 
     1,814  
     187,458 
  
    Long term investments 
     21,937  
     25,653 
  
    Other financial assets 
     384,033  
     360,232 
  
    Total assets 
    $887,541  
    $1,851,268 
  
    Financial liabilities 

    Accounts payable 
    $13,694,915  
    $12,548,582 
  
    Debt 
     2,629,635  
     2,851,341 
  
    Other financial liabilities 
     1,189,151  
     1,611,602 
  
    Total liabilities 
    $17,513,701  
    $17,011,525 

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis:

    June 30, 2025 

    Total
 Carrying
 value  
    Level 1  
    Level 2  
    Level 3 

    Assets: