Universal Max Resources Sdn. Bhd.
Annual Report & Financial Statements — Financial Year Ended 30 June 2025
Company No: 202001016979 (1373299-D)
Incorporated in Malaysia
Corporate Information
Board of Director
Muhammad Rizal Bin Rahmat
Secretary
Ahmad Shakir Bin Ahmad Ubidahah (MIA23120)
Auditor
T. L. Lim And Company, Chartered Accountants (AF 1104)
Banker
RHB Bank
Registered Office
86-A First Floor, Jalan Bayu Laut 4A/KS09, Sazean Business Park, 41200 Klang, Selangor
Principal Place of Business
No. 4A Jalan Mawar Merah 3/1, Business Centre 2, 81700 Pasir Gudang, Johor
Director's Report
Principal Activities
The Company is principally engaged in export and import of a variety of goods without any particular specialization n.e.c., remediation activities, other waste management services, and mixed farming. There have been no significant changes in these activities during the financial year ended 30 June 2025.
The Company has not commenced full business operations since the date of incorporation.
Key Director Disclosures
- No dividends paid or declared since incorporation; none recommended for the current year
- No new shares or debentures issued during the year
- No share options granted to any parties during the year
- No material transfers to or from reserves or provisions
- No indemnity or professional indemnity insurance effected for directors, officers, or auditors
Director's Shareholding — Muhammad Rizal Bin Rahmat
2,100,000
Shares Held
Ordinary shares as at 30 June 2025
RM1
Issue Price
Per ordinary share
RM22,500
Audit Fee
Statutory audit remuneration for 2025
Statement by Director & Statutory Declaration
Pursuant to Section 251(2) of the Companies Act, 2016, Muhammad Rizal Bin Rahmat, being the Director of Universal Max Resources Sdn. Bhd., states that in his opinion the accompanying financial statements are drawn up in accordance with the Malaysian Private Entities Reporting Standard (MPERS) and the provisions of the Companies Act, 2016, so as to give a true and fair view of the state of affairs of the Company at 30 June 2025.
Pursuant to Section 251(1)(b) of the Companies Act, 2016, Muhammad Rizal Bin Rahmat (NRIC: 830824-01-5751), being the Director primarily responsible for the accounting records and financial management, solemnly declares that the financial statements, cash flow statement, and statement of changes in equity are, to the best of his knowledge and belief, correct.
Director's Signature
Muhammad Rizal Bin Rahmat
Director — Klang, Selangor
Date: 02 Apr 2026
Director — Klang, Selangor
Date: 02 Apr 2026
Commissioner for Oath
Khairil Anuar Bin Mohd Nor (B 894)
Pesuruhjaya Sumpah Malaysia
Klang, Selangor — 3 Apr 2026
Pesuruhjaya Sumpah Malaysia
Klang, Selangor — 3 Apr 2026
Independent Auditors' Report
T. L. Lim And Company (AF 1104)
Chartered Accountants
Opinion
In our opinion, the accompanying financial statements give a true and fair view of the financial position of Universal Max Resources Sdn. Bhd. as at 30 June 2025, and of its financial performance and cash flows for the year then ended, in accordance with MPERS and the requirements of the Companies Act, 2016 in Malaysia.
Basis for Opinion
The audit was conducted in accordance with approved standards on auditing in Malaysia and International Standards on Auditing. The auditors are independent in accordance with the By-Laws of the Malaysian Institute of Accountants and the IESBA Code of Ethics.
Auditors' Responsibilities
- Identify and assess risks of material misstatement due to fraud or error
- Obtain understanding of internal controls relevant to the audit
- Evaluate appropriateness of accounting policies and estimates
- Conclude on the going concern basis of accounting
- Evaluate overall presentation and content of financial statements
Other Legal Requirements
In our opinion, the accounting and other records required by the Companies Act, 2016 have been properly kept in accordance with the provisions of the Act.
This report is made solely to the members of the Company as a body, in accordance with Section 266 of the Companies Act, 2016 in Malaysia. Dated: 02 Apr 2026.
Statement of Financial Position
As at 30 June 2025 — all figures in Ringgit Malaysia (RM)
Assets
Equity & Liabilities
Statement of Comprehensive Income
For the financial year ended 30 June 2025
RM12.1M
Total Sales
Up from RM11.6M in 2024
RM2.15M
Gross Profit
Up from RM1.85M in 2024
RM139K
Profit Before Tax
Up from RM117K in 2024
RM118K
Profit After Tax
Up from RM99.7K in 2024
Statement of Changes in Equity & Cash Flows
Changes in Equity
Cash Flow Summary
Share capital remained unchanged at RM2,100,000 (2,100,000 ordinary shares at RM1 each, held by Muhammad Rizal Bin Rahmat). No new shares or debentures were issued during the year.
Notes to the Financial Statements
Property, Plant & Equipment
Annual depreciation charge: RM89,696. No additions or disposals in FY2025.
Trade Receivables & Payables
Trade receivables: RM2,381,675 (2024: RM1,902,985). Credit period granted: 30–60 days. No significant concentration of credit risk. Trade payables: RM322,095 (2024: RM654,918). Other payables: RM1,865,007.
Taxation
Tax at statutory rate of 15%: RM20,869 (2024: RM17,586). Deferred tax liabilities as at 30 June 2025: RM69,073, arising mainly from capital allowances exceeding depreciation expenses.
Inventories
Inventories consist of trading merchandise. Amount recognized as cost of sales: RM1,750,820 (2024: RM0).
Key Accounting Policies
- Financial statements prepared under historical cost convention and MPERS
- Revenue recognized when risks and rewards of ownership transfer to buyer
- Cash equivalents: short-term liquid investments with maturities of three months or less
- Depreciation on straight-line basis; impairment reviewed at each reporting date
Key Expense Breakdown & Conclusion
For the financial year ended 30 June 2025, administration expenses totaled RM1,890,543 (down from RM2,600,786 in 2024), driven primarily by transportation costs. Employee benefits rose to RM348,776 (2024: RM268,815), reflecting growth in salary and allowances.
Transportation
RM1,303,651 — largest single expense category, down from RM1,678,944 in 2024
Salaries & Wages
RM169,183 in 2025, up significantly from RM79,483 in 2024, reflecting workforce growth
Rental & Accommodation
Combined premise, factory, vehicle, and accommodation costs: RM71,751 in 2025
Secretary, Accounting & Audit
RM38,008 in 2025 (2024: RM33,200), including statutory audit fee of RM22,500