RG9 BUSINESS PURPOSAL 2021-SME LOAN

Company No.: 201901000757 (1310083-W)

REGAL GLOBAL NINE SHIPPING AND TRADING SDN BHD
(Incorporated in Malaysia)
MANAGEMENT ACCOUNTS
AS AT 31 JULY 2021

Company No.: 201901000757 (1310083-W) PAGES
REGAL GLOBAL NINE SHIPPING AND TRADING SDN BHD 1
(Incorporated in Malaysia) 2
MANAGEMENT ACCOUNTS 3-4
AS AT 31 JULY 2021 5
6
INDEX
ACCOUNTANTS' REPORT 7-10
STATEMENT OF FINANCIAL POSITION
STATEMENT OF INCOME AND EXPENSES
STATEMENT OF CHANGES IN EQUITY
STATEMENT OF CASH FLOWS
NOTES TO THE MANAGEMENT ACCOUNTS

AGS ADVISORY
(AF 001900)
Chartered Accountants
D-2-8, Plaza Damas
60, Jalan Sri Hartamas 1
Sri Hartamas 50480
Kuala Lumpur, Malaysia
Telephone : +60 3 6203 1835
Facsimile : +60 3 6203 1842
Website : www.agsadvisory.com

ACCOUNTANTS' REPORT
REPORT TO THE MEMBERS OF
REGAL GLOBAL NINE SHIPPING AND TRADING SDN BHD

We have examined the statement of financial position, statement of income and expenses, statement of
changes in equity, statement of cash flows and notes to the management accounts for the month ended 31 July
2021 as set out on pages 2 to 10 and report that the accompanying Management Accounts have been
drawn up in accordance with the books and records of Regal Global Nine Shipping and Trading Sdn. Bhd.

AGS ADVISORY
(No. AF 001900)
Chartered Accountants
Kuala Lumpur
Date : 16 July 2021

1

Company No.: 201901000757 (1310083-W)

REGAL GLOBAL NINE SHIPPING AND TRADING SDN BHD (Unaudited) (Audited)
(Incorporated in Malaysia) 31.07.2021 31.12.2020

STATEMENT OF FINANCIAL POSITION RM RM
AS AT 31 JULY 2021
70,260 76,970
Note
180,600 0
NON-CURRENT ASSETS 1 1,645,292 1,803,253
PROPERTY, PLANT AND EQUIPMENT 2
3 170,185 18,487
CURRENT ASSETS 4 1,996,077 1,821,740
Trade Receivable
Other receivables, deposits and prepayments 5 2,066,337 1,898,710
Cash and cash equivalents
Total current assets 6 1,500,000 1,500,000
(19,805) 223,379
TOTAL ASSETS
1,480,195 1,723,379
EQUITY
Share capital 2,740 2,740
(Accumulated losses)/Retained earnings 283,284 0
TOTAL EQUITY 286,024
2,740
LIABILITIES 41
240,899 41
NON CURRENT LAIBILITIES 58,122
Deferred taxation 16,683 71,933
SME loan 42,495 42,495
300,118 172,591
CURRENT LIABILITIES 7
Trade payables 8 586,142 175,331
Other payables and accruals 9
Amount due to director 2,066,337 1,898,710
Current tax liabilities
Total current liabilities

TOTAL LIABILITIES

TOTAL EQUITY AND LIABILITIES

2

Company No.: 201901000757 (1310083-W) (Unaudited) (Audited)
31.07.2021 31.12.2020
REGAL GLOBAL NINE SHIPPING AND TRADING SDN BHD
(Incorporated in Malaysia) RM RM

STATEMENT OF INCOME AND EXPENSES 215,430 4,553,960
FOR THE PERIOD ENDED 31 JULY 2021
(164,616) (3,836,190)
Note 50,814 717,770

Revenue 10
Less: Cost of sales / voyage 10

Other operating income 0 12,073
Realised gain in foreign exchange
28,350 37,800
Less: Administration and other operating expenses 0 7,000
5,314
Accounting fees 642 2,000
Audit fees 400 0
Bank charges 850 0
Cleaning expenses
Commission 90 21,832
EIS 6,710 90,544
Depreciation 57,010
Directors' remuneration 7,547 0
EPF contribution 10,716 0
Donation 1,804 2,789
Electricity 25
Entertainment 14 54,169
Interest charges 0 6,891
Internet charges 9,780
Legal fees 2,421 780
Licence fees 0 399
Marine traffic 0 1,128
Office expenses 0 25
Penalty 1,626
Petrol, parking & toll 3,020 0
Postage and courier 340 2,559
Printing & stationery 18,334
Professional fees 3,791 0
Repair and maintenance 160 1,200
Registration fees 72,000
Rental of apartment 3,084 39,900
Rental of office 2,200 76,670
Salaries and allowances 15
Search fees 455 2,417
Secretarial fees 0 1,620
Seminar 0
Socso 42,000 182
Sewerage 21,100 554
Staff allowance 56,254 316
Staff refreshment 3,880
Subcription fees 0 0
Site expenses 2,255 461,749
Carried forward
0
1,025

156
0

1,370
10,060

530
264,354

3

Company No.: 201901000757 (1310083-W) (Unaudited) (Audited)
31.07.2021 31.12.2019
REGAL GLOBAL NINE SHIPPING AND TRADING SDN BHD
(Incorporated in Malaysia) RM RM

STATEMENT OF INCOME AND EXPENSES 264,354 461,749
FOR THE PERIOD ENDED 31 JULY 2021 6,307 9,800
0 1,200
Carried forward 1,006 3,370
Telephone charges 0 899
Transportation charges 1,671 1,692
Travelling expenses 420 340
Upkeep of office 4,240 0
Upkeep of office equipments 1,603 0
Water 1,050 0
Loss in foreign exhange - unrealised 0
Medical expenses 13,347 7,733
Meeting expenses 0
Wages (486,783)
Website development (293,998)
243,060
Net (loss)/profit before taxation (243,184)
(43,218)
Less: Income tax expenses 0
199,842
Net (loss)/profit for the financial period/year (243,184)

4

Company No.: 201901000757 (1310083-W)

REGAL GLOBAL NINE SHIPPING AND TRADING SDN BHD
(Incorporated in Malaysia)

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 JULY 2021

Balance as at 31 December 2020 Share capital (Accumulated Total equity
Issuance of share capital RM losses/ Retained RM
Net loss for the year 1,500,000 1,723,379
Balance as at 31 July 2021 0 earnings 0
0 RM (243,184)
1,500,000 1,480,195
223,379

0

(243,184)

(19,805)

5

Company No.: 201901000757 (1310083-W)

REGAL GLOBAL NINE SHIPPING AND TRADING SDN BHD Note (Unaudited) (Audited)
(Incorporated in Malaysia) 31.07.2021 31.12.2020

STATEMENT OF CASH FLOWS RM RM
FOR THE PERIOD ENDED 31 JULY 2021
(243,184) 243,060
CASH FLOWS FROM OPERATING ACTIVITIES
(Loss) / profit before taxation 6,710 21,832
Adjustments for :- (236,474) 264,892
Depreciation
Operating (loss) / profit before working capital changes in :- 0 708,015
(180,600) 0
Inventory 157,961
Trade receivable (690,033)
Other receivables, deposits and prepayments 0 (9,482)
Trade payables 182,777
Other payables and accruals (55,250) (1,730,832)
Amount due to director (420,391)
Income tax paid 0 (4,657)
Net cash used in operating activities (131,586)
(1,882,488)
CASH FLOW FROM INVESTING ACTIVITIES 0
Acquisition of property, plant and equipment 0 (5,713)
Net cash used in investing activities (5,713)
0
CASH FLOWS FROM FINANCING ACTIVITIES 283,284 500,000
Proceeds from issuance of shares 283,284 0
Proceeds from term loan
Net cash generated in financing activities 151,698 500,000

NET INCREASE/(DECREASE) IN CASH AND CASH 4 18,487 (1,388,201)
EQUIVALENTS
170,185 1,406,688
CASH AND CASH EQUIVALENTS
AT BEGINNING OF THE FINANCIAL PERIOD/YEAR 18,487

CASH AND CASH EQUIVALENTS
AT END OF THE FINANCIAL PERIOD/YEAR

6

Company No.: 201901000757 (1310083-W)

REGAL GLOBAL NINE SHIPPING AND TRADING SDN BHD
(Incorporated in Malaysia)

NOTES TO THE MANAGEMENT ACCOUNTS
FOR THE PERIOD ENDED 31 JULY 2021

1 PROPERTY, PLANT AND EQUIPMENT

Balance at Addition Disposal Balance at
01.01.2021 RM RM 31.07.2021

RM 0 0 RM
0 0
COST: 0 0 26,245
0 0 28,001
Computer equipments 26,245 0 0 15,607
Furniture and fittings 28,001 45,180
Office equipment 15,607 Current year 115,033
Renovation 45,180 RM
Balance at
Total 115,033 1,531 31.07.2021
1,633
ACCUMULATED DEPRECIATION RM
910
Computer equipments Balance at 2,636 15,626
Furniture and fittings 01.01.2021 6,710 6,999
Office equipment 3,625
Renovation RM Balance at
Total 31.07.2021 18,523
14,095 44,773
NET BOOK VALUE 5,366 RM
2,715 Balance at
10,619 31.12.2020
15,887 21,002
38,063 11,982 RM
26,657
Computer equipments 70,260 12,150
Furniture and fittings 22,635
Office equipment 12,892
Renovation 29,293
76,970

7

Company No.: 201901000757 (1310083-W)

REGAL GLOBAL NINE SHIPPING AND TRADING SDN BHD
(Incorporated in Malaysia)

NOTES TO THE MANAGEMENT ACCOUNTS
FOR THE PERIOD ENDED 31 JULY 2021

2 TRADE RECEIVABLE

Langit Kreatif Sdn.Bhd (Unaudited) (Audited)
3 OTHER RECEIVABLES, DEPOSITS AND PREPAYMENTS 31.07.2021 2020
RM
Other receivables RM
Claim for voyage 0
Advance to voyage 3 180,600
(Audited)
Deposits (Unaudited) 2020
31.07.2021 RM
4 CASH AND CASH EQUIVALENTS
RM 939,263
Cash at bank: - RM 839,640
Maybank - USD (Investment) 781,302 1,778,903
- USD (Trade) 839,640
HSBC 1,620,942 24,350
Cash in hand 1,803,253
24,350
5 SHARE CAPITAL 1,645,292 (Audited)
2020
At beginning of the financial period / year: (Unaudited) RM
Ordinary shares 31.07.2021
Issued and fully paid 2,143
RM 5,134
Addition: 4,250
Shares issued and fully paid 155,744 2,230
At end of the financial period / year 1,052 4,730
1,404 18,487
2,164
9,821 (Audited)
2020
170,185 RM

(Unaudited) 1,000,000
31.07.2021
500,000
RM 1,500,000

1,500,000

0
1,500,000

8

Company No.: 201901000757 (1310083-W) (Unaudited) (Audited)
31.07.2021 2020
REGAL GLOBAL NINE SHIPPING AND TRADING SDN BHD RM
(Incorporated in Malaysia) RM
2,740
NOTES TO THE MANAGEMENT ACCOUNTS 2,740 0
FOR THE PERIOD ENDED 31 JULY 2021 0
2,740
6 DEFERRED TAXATION 2,740
(Audited)
Balance at beginning (Unaudited) 2020
Recognised in profit and loss 31.07.2021 RM
Balance at the end of the financial period
RM (5,687)
7 TRADE PAYABLES 5,728
(5,687)
Seahub Shipping & Logistic Pvt Ltd 5,728 41
Sea Port Services Pvt Ltd
41 (Audited)
8 OTHER PAYABLES AND ACCRUALS 2020
(Unaudited) RM
Other payables 31.07.2021
Accounting fee 3,339
Water filter RM (10,600)
Cleaning service payable
Director fee 3,339 (123)
GIQ Enterprise 9,450 200
EPF payable (3,050)
Telephone expenses payable 615 500
Malaysia Shipowners Association 200 -
MICC 207
Sewerage 0 -
500 -
Ousman Haji Aliyas 340 (70)
Amount due to Qazi Qabool 1,906 58,050
Rental payable 1,200 -
Amount due to Syamil 2,680 13,600
Water 130 12,725
Electricity payable 136,195 -
395 (154)
Accruals 11,900 74,624
Salary 13,427
EPF 350 46,424
Socso 218 (4,384)
EIS 182,845
Subcription (432)
43,202 (60)
9 11,478
41,548
1,210
164 116,172

2,000
58,054

240,899

Company No.: 201901000757 (1310083-W) (Unaudited) (Audited)
31.07.2021 2020
REGAL GLOBAL NINE SHIPPING AND TRADING SDN BHD RM
(Incorporated in Malaysia) RM
NOTES TO THE MANAGEMENT ACCOUNTS 13,883
FOR THE PERIOD ENDED 31 JULY 2021 16,683
9 AMOUNT DUE TO DIRECTOR

Qazi Irshad Ahmed

10

Company No.: 201901000757 (1310083-W) 2021 2020
RM RM
REGAL GLOBAL NINE SHIPPING AND TRADING SDN BHD
(Incorporated in Malaysia) 215,430 4,553,960

NOTES TO THE MANAGEMENT ACCOUNTS 24,371 0
FOR THE PERIOD ENDED 31 JULY 2021 140,245 1,284,695

10 REVENUE AND COST OF SALES / VOYAGE 0 42,377
0 1,593,247
REVENUE 0
0 13,656
COST OF SALES / VOYAGE: 0 450,002
Trade purchases 0 337,927
Bunker charges 0
Brokerage commission 0 16,520
Hire of charter 0 6,495
Insurance 164,616 2,065
Passage charges
PDA and port charges 50,814 89,206
Security charges 3,836,190
PDA and agency charges
Barging charges 717,770
Cleaning charges

GROSS PROFIT

10

CREDITOR AGINDGEBTO20R19A/2G02I0N/2G021



















CREDITOR LEDGER

REGAL GLOBAL NINE SHIPPING AND TRADING SDN BHD 31/07/2021
PAGE : 1

ACCOUNT NO. : 4000/S01 SEA PORT SERVICES PVT LTD

DATE BATCH REF. DESCRIPTION DEBIT CREDIT BALANCE
BALANCE B/F 0.00 0.00 -5,728.28

-5,728.28

ACCOUNT NO. : 4000/S02 SEAHUB SHIPPING & LOGISTICS PVT LTD

DATE BATCH REF. DESCRIPTION DEBIT CREDIT BALANCE
BALANCE B/F 0.00 0.00 5,687.45

5,687.45

DEBTOR LEDGER

REGAL GLOBAL NINE SHIPPING AND TRADING SDN BHD 31/07/2021
PAGE : 1

ACCOUNT NO. : 3000/L01 LANGIT KREATIF SDN.BHD

DATE BATCH REF. DESCRIPTION DEBIT CREDIT BALANCE
147,490.00 0.00 0.00
BALANCE B/F
33,110.00 147,490.00
16/06/2021 29 2 RG921-6-121 TRADE SALES-LANGIT KREATIF 180,600.00
12/07/2021 29 RG921-6-1214 180,600.00

4 RG921-7-070 TRADE SALES-LANGIT KREATIF 180,600.00
RG921-7-0704