Annual report pursuant to Section 13 and 15(d)

CAPITAL STOCK

v3.2.0.727
CAPITAL STOCK
12 Months Ended
Mar. 31, 2015
Notes to Financial Statements  
NOTE 3 - CAPITAL STOCK

On April 25, 2015 the directors of the Company increased its Share Capital from 75,000,000 authorized common shares to 200,000,000 authorized common shares with the same par value of $0.001 per share. No preferred shares have been authorized or issued.

 

On February 28, 2014, the Company issued 2,590,000,000 (5,000,000 pre-split) common shares at $0.00000193 per share to the sole director and President of the Company for cash proceeds of $5,000.

 

From February 2015 through April 2015, the Company entered into stock subscription agreements to issue 40,017,572 shares of its common stock for $3,090 in cash. As of March 31, 2015, agreements to issue 38,567,172 shares were executed; however, cash had not been received, nor shares issued, at March 31, 2015 (total related value of $2,978).

 

On April 25, 2015, the founding shareholder of the Company returned 2,529,974,160 (4,884,120 pre-split) restricted shares of common stock to treasury and the shares were subsequently cancelled by the Company. The shares were returned to treasury for $0.000000004 per share for a total consideration of $10 to the shareholder.

 

On April 25, 2015, the directors of the Company approved a special resolution to undertake a forward split of the common stock of the Company on a basis of 518 new common shares for 1 old common share. All references in these financial statements to number of common shares, price per share and weighted average number of shares outstanding prior to the 518:1 forward split have been adjusted to reflect the stock split on a retroactive basis, unless otherwise noted.