Changsheng International Group Ltd - Quarter Report: 2010 March (Form 10-Q)

[X]	Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
	For the quarterly period ended March 31, 2010
[  ]	Transition Report pursuant to 13 or 15(d) of the Securities Exchange Act of 1934
	For the transition period from __________ to __________
	Commission File Number: 333-156254

Delaware	26-0884454
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)

 

PO Box 778146, Henderson, Nevada 89077

(Address of principal executive offices)

702-405-9927

(Registrant's telephone number)

______________________________________________________

(Former name, former address and former fiscal year, if changed since last report)

[ ] Large accelerated filer Accelerated filer	[ ] Non-accelerated filer
[X] Smaller reporting company

 

	TABLE OF CONTENTS	Page
PART I – FINANCIAL INFORMATION
Item 1:	Financial Statements	3
Item 2:	Management’s Discussion and Analysis of Financial Condition and Results of Operations	4
Item 3:	Quantitative and Qualitative Disclosures About Market Risk	7
Item 4T:	Controls and Procedures	7
PART II – OTHER INFORMATION
Item 1:	Legal Proceedings	9
Item 2:	Unregistered Sales of Equity Securities and Use of Proceeds	9
Item 3:	Defaults Upon Senior Securities	9
Item 4:	Submission of Matters to a Vote of Security Holders	9
Item 5:	Other Information	9
Item 6:	Exhibits	9

 

Our financial statements included in this Form 10-Q are as follows:
F-1	Balance Sheet as of March 31, 2010 (audited) and June 30, 2009 (unaudited);
F-2	Statements of Operations for the three month periods ended March 31, 2010 and 2009, for the nine month periods ended March 31, 2010 and 2009 and for the period from September 10, 2007 (date of inception) to March 31, 2010 (unaudited);
F-3	Statements of Stockholders’ Equity for period from September 10, 2007 (date of inception) to March 31, 2010 (unaudited);
F-4	Statements of Cash Flows for the nine month periods ended March 31, 2010 and 2009, and for the period from September 10, 2007 (date of inception) to March 31, 2010 (unaudited);
F-5	Notes to Financial Statements;

 

 

 

 

•

Pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Company;

•

Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with U.S. GAAP, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and directors of the Company; and

•

Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the Company’s assets that could have a material effect on the financial statements.

 

•	The company is effectively insolvent, and only has one employee to oversee bank reconciliations, posting payables, and so forth, so there are no checks and balances on internal controls.

 

Exhibit Number	Description of Exhibit
31.1	Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2	Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1	Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

 

	Republik Media and Entertainment, Ltd.
Date:	May 17, 2010
	By:       /s/ David Woo                                                                              David Woo Title:    Chief Executive Officer and Director