Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended |
Aug. 31, 2013 | |
Document and Entity Information [Abstract] | |
Document Type | 10-Q |
Amendment Flag | FALSE |
Document Period End Date | 31-Aug-13 |
Entity Registrant Name | UNWALL INTERNATIONAL INC |
Entity Central Index Key | 1423586 |
Current Fiscal Year End Date | -19 |
Document Fiscal Period Focus | Q3 |
Document Fiscal Year Focus | 2013 |
Entity Filer Category | Smaller Reporting Company |
Entity Units Outstanding | 23,818,046 |
CONDENSED_CONSOLIDATED_BALANCE
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) | Aug. 31, 2013 | Nov. 30, 2012 |
Current Assets: | ||
Cash | $10,169 | |
Total current assets | 10,169 | |
Fixed Assets: | ||
Property plant and equipment | 23,028 | 23,574 |
Less: accumulated depreciation | -771 | -59 |
Net property plant and equipment | 22,257 | 23,515 |
Other Assets | ||
Deposits | 2,267 | |
Total Assets | 22,257 | 35,951 |
Current Liabilities: | ||
Accounts payable | 12,763 | 9,146 |
Deferred revenue | 1,314 | |
Due to shareholder and director | 266,918 | 150,402 |
Total liabilities | 279,681 | 160,862 |
Shareholders' Deficit: | ||
Preferred stock - Class A -- authorized, 100,000,000 shares of $.001 par value; issued and outstanding, 750,000 | 750 | 750 |
Common stock -- authorized, 100,000,000 shares of $.001 par value; issued and outstanding, 23,818,046 | 23,818 | 23,818 |
Capital in excess of par value | 6,585,880 | 6,585,880 |
Deficit accumulated prior to development stage | -6,650,388 | -6,650,388 |
Deficit accumulated during the development stage | -228,829 | -84,807 |
Accumulated other comprehensive income (loss) | 11,345 | -164 |
Total shareholder's deficit | -257,424 | -124,911 |
Total Liabilities and Shareholders' Deficit | $22,257 | $35,951 |
CONDENSED_CONSOLIDATED_BALANCE1
CONDENSED CONSOLIDATED BALANCE SHEETS (PARENTHETICALS) (USD $) | Aug. 31, 2013 | Nov. 30, 2012 |
CONDENSED CONSOLIDATED BALANCE SHEETS [Abstract] | ||
Preferred Stock, shares authorized | 100,000,000 | 100,000,000 |
Preferred Stock, par value per share | $0.00 | $0.00 |
Preferred stock, shares issued | 750,000 | 750,000 |
Preferred stock, shares outstanding | 750,000 | 750,000 |
Common Stock, shares authorized | 100,000,000 | 100,000,000 |
Common Stock, par value per share | $0.00 | $0.00 |
Common Stock, shares issued | 23,818,046 | 23,818,046 |
Common Stock, shares outstanding | 23,818,046 | 23,818,046 |
CONDENSED_CONSOLIDATED_STATEME
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Aug. 31, 2013 | Aug. 31, 2012 | Aug. 31, 2013 | Aug. 31, 2012 | Aug. 31, 2013 | |
Expenses: | |||||
Selling and Administrative Expenses | $15,780 | $3,419 | $37,590 | $22,314 | $52,940 |
Operating loss of continuing entity | -15,780 | -3,419 | -37,590 | -22,314 | -52,940 |
Net loss from continuing operations, accumulated during development stage | -15,780 | -37,590 | -52,940 | ||
Net loss from discontinued operations,accumulated during development stage | -636 | -106,432 | -175,889 | ||
Net loss accumulated during development stage | -16,416 | -144,022 | -228,829 | ||
Net loss prior to development stage | -3,419 | -22,314 | |||
Other comprehensive income (loss): of discontinued entity | |||||
Foreign currency adjustments | 10,138 | 11,509 | 11,345 | ||
Total comprehensive loss - continuing operations | -15,780 | -3,419 | -37,590 | -22,314 | -52,940 |
Total comprehensive loss - discontinued entity | 9,502 | -94,923 | -164,544 | ||
Total comprehensive loss | ($6,278) | ($3,419) | ($132,513) | ($22,314) | ($217,484) |
Loss Per Share - | |||||
Basic and Diluted - continuing entity | |||||
Basic and Diluted - discontinued entity | |||||
Total | ($0.01) | ||||
Weighted average number of common shares Outstanding | 23,818,046 | 23,818,046 | 23,818,046 | 23,818,046 |
CONDENSED_CONSOLIDATED_STATEME1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 9 Months Ended | 12 Months Ended | |
Aug. 31, 2013 | Aug. 31, 2012 | Aug. 31, 2013 | |
CASH FLOWS FROM OPERATIONS: | |||
Net loss from continuing operations | ($37,590) | ($22,314) | ($52,940) |
Charges and credits not involving the use of cash: | |||
Depreciation | 761 | 761 | |
Changes in assets and liabilities: | |||
Increase in rental deposits | |||
Decrease in accrued expenses | 2,654 | ||
Increases in accounts payable | 1,565 | 7,056 | |
Increase in deferred revenue | |||
Net Cash Consumed by Operating Activities of continuing operation | -35,264 | -19,660 | -45,123 |
Net Cash Consumed by Operating Activities of discontinued operations | -103,314 | -173,661 | |
Net Cash Consumed by Operating Activities | -138,578 | -19,660 | -218,784 |
CASH FLOWS USED FROM INVESTING ACTIVITIES: | |||
Purchases of plant, property and equipment | |||
Net Cash Consumed by Investing Activities of continuing operation | |||
Net Cash Consumed by Investing Activities of discontinued operations | -1,301 | -24,820 | |
CASH FLOWS FROM FINANCING ACTIVITIES: | |||
Proceeds from shareholder loans | 36,025 | 19,660 | 45,884 |
Net Cash Provided by Financing Activities of continuing operations | 36,025 | 19,660 | 45,884 |
Net Cash Provided by Financing Activities of discontinued operations | 93,858 | 197,869 | |
Net Cash Provided by Financing Activities | 129,883 | 19,660 | 243,753 |
Effect on cash of currency rate changes | -173 | -149 | |
Net change in cash | -10,169 | ||
Cash balance, beginning of period | 10,169 | ||
Cash balance, end of period |
BASIS_OF_PRESENTATION
BASIS OF PRESENTATION | 9 Months Ended |
Aug. 31, 2013 | |
BASIS OF PRESENTATION [Abstract] | |
BASIS OF PRESENTATION | 1. BASIS OF PRESENTATION |
The unaudited interim financial statements of Unwall International, Inc. (the "Company") as of August 31, 2013 and for the three and nine month periods ended August 31, 2013 and August 31, 2012 and for the period September 1, 2012 to August 31, 2013 have been prepared in accordance with accounting principles generally accepted in the United States of America. In the opinion of management, such information contains all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the results of such periods. The results of operations for the three and nine month periods ended August 31, 2013 are not necessarily indicative of the results to be expected for the full fiscal year ending November 30, 2013. The Company was a "shell" company as defined by SEC Rule 12b-2 until it began development stage operations on September 1, 2012. The Company is currently a development stage entity. | |
Certain information and disclosures normally included in the notes to financial statements have been condensed or omitted as permitted by the rules and regulations of the Securities and Exchange Commission, although the Company believes the disclosure is adequate to make the information presented not misleading. The accompanying unaudited financial statements should be read in conjunction with the financial statements of the Company for the fiscal year ended November 30, 2012. |
SUPPLEMENTAL_CASH_FLOWS_INFORM
SUPPLEMENTAL CASH FLOWS INFORMATION | 9 Months Ended |
Aug. 31, 2013 | |
SUPPLEMENTAL CASH FLOWS INFORMATION [Abstract] | |
SUPPLEMENTAL CASH FLOWS INFORMATION | 2. SUPPLEMENTAL CASH FLOWS INFORMATION |
There was no cash paid for either interest or income taxes during any of the periods presented. There were no non-cash investing or financing activities during any of the periods presented. |
GOING_CONCERN
GOING CONCERN | 9 Months Ended |
Aug. 31, 2013 | |
GOING CONCERN [Abstract] | |
GOING CONCERN | 3. GOING CONCERN |
The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As shown in the financial statements, the Company has experienced losses, has a working capital deficiency of $279,681, has an accumulated deficit of $6,879,217 and does not presently have sufficient resources to accomplish its objectives during the next twelve months. The Company has closed its Malaysian operating subsidiary. It has opened a new social lending division which will incur substantial development costs. The Company has substantial dependence on the success of this new project. These factors raise substantial doubt about the ability of the Company to continue as a going concern. The financial statements do not include adjustments relating to the recoverability of assets and classification of liabilities that might be necessary should the Company be unable to continue in operation. The Company's present plans, the realization of which cannot be assured, are to raise necessary funds through shareholder loans. |
CONTINGENCY
CONTINGENCY | 9 Months Ended |
Aug. 31, 2013 | |
CONTINGENCY [Abstract] | |
CONTINGENCY | 4. CONTINGENCY |
The Company does not carry insurance. |
SHAREHOLDER_LOANS
SHAREHOLDER LOANS | 9 Months Ended |
Aug. 31, 2013 | |
SHAREHOLDER LOANS [Abstract] | |
SHAREHOLDER LOANS | 5. SHAREHOLDER LOANS |
The shareholder loans are non-interest bearing demand loans. | |
PRINCIPLE_OF_CONSOLIDATION
PRINCIPLE OF CONSOLIDATION | 9 Months Ended |
Aug. 31, 2013 | |
PRINCIPLE OF CONSOLIDATION [Abstract] | |
PRINCIPLE OF CONSOLIDATION | 6.PRINCIPLE OF CONSOLIDATION |
The consolidated financial statements represent the combined results of Unwall International, Inc. and its wholly owned subsidiary, Unwall Technologies Holdings, Sdn Ghd. All intercompany balances have been eliminated. |
DISCONTINUED_OPERATIONS
DISCONTINUED OPERATIONS | 9 Months Ended |
Aug. 31, 2013 | |
DISCONTINUED OPERATIONS [Abstract] | |
DISCONTINUED OPERATIONS | 7.DISCONTINUED OPERATIONS |
The Company began development stage activities through its wholly owned Malaysian subsidiary, Unwall Technologies Holdings, Sdn Ghd. on September 1, 2012. Operations of the Malaysian subsidiary effectively ceased on June 1, 2013. The equipment and software owned by the subsidiary is being utilized by the Company in its new development activity of creating a web based social lending network. Unwall International will assume liability for the remaining accounts payable of the subsidiary. Three key personnel from Unwall Technologies have been hired as consultants for this new development activity. |
FOREIGN_CURRENCY_TRANSACTIONS
FOREIGN CURRENCY TRANSACTIONS | 9 Months Ended |
Aug. 31, 2013 | |
FOREIGN CURRENCY TRANSACTIONS [Abstract] | |
FOREIGN CURRENCY TRANSACTIONS | 8.FOREIGN CURRENCY TRANSACTIONS |
Unwall Technologies Holdings operated as an independent business unit in Malaysia; its functional currency is the Malaysian Ringit. Currency translation adjustments are included in comprehensive income. The subsidiary is currently inactive. | |
The Company does not engage in hedging transactions to offset the risk of exchange rate fluctuations. | |
GOING_CONCERN_Details
GOING CONCERN (Details) (USD $) | Aug. 31, 2013 |
GOING CONCERN [Abstract] | |
Working capital deficiency | $279,681 |
Accumulated deficit | ($6,879,217) |