RORINE INTERNATIONAL HOLDING (RIHC) 10-K 30 Jun 15 2014 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Nov. 30, 2014	Jun. 22, 2015
Document and Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Nov. 30, 2014
Entity Registrant Name	UNWALL INTERNATIONAL INC
Entity Central Index Key	1,423,586
Current Fiscal Year End Date	--11-30
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,014
Entity Filer Category	Smaller Reporting Company
Entity Units Outstanding		23,818,046
Entity Public Float		$ 4,722,226
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	No

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Nov. 30, 2014	Nov. 30, 2013
Current Assets:
Cash
Total current assets
Other Assets
Total Assets
Current Liabilities:
Accounts payable	$ 6,840	$ 17,140
Due to shareholder	142,957	96,767
Total liabilities	$ 149,797	$ 113,907
Commitments & Contingencies
Shareholders' Deficit:
Preferred Class A shares - 100,000,000 shares of $ 0.001 par value; issued and outstanding, 750,000	$ 750	$ 750
Common stock: authorized 100,000,000 shares of $0.001 par value; issued and outstanding, 23,818,046	23,818	23,818
Capital in excess of par value	6,793,041	6,793,041
Accumulated deficit	$ (6,967,406)	$ (6,931,516)
Accumulated other comprehensive loss
Total shareholder's deficit	$ (149,797)	$ (113,907)
Total Liabilities and Shareholders' Deficit

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Nov. 30, 2014	Nov. 30, 2013
CONSOLIDATED BALANCE SHEETS [Abstract]
Preferred Stock, shares authorized	100,000,000	100,000,000
Preferred Stock, par value per share	$ 0.001	$ 0.001
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	$ 0.001	$ 0.001
Common Stock, shares issued	23,818,046	23,818,046
Common Stock, shares outstanding	23,818,046	23,818,046

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) None in scaling factor is -9223372036854775296	12 Months Ended
	Nov. 30, 2014	Nov. 30, 2013
Expenses:
Selling and Administrative Expenses	$ 35,890	$ 58,616
Operating loss from continuing operations	$ (35,890)	(58,616)
Operating loss from discontinued operations		(144,296)
Net loss	$ (35,890)	(202,912)
Currency rate changes - discontinued operations		6,755
Total loss from continuing operations	$ (35,890)	(58,616)
Total comprehensive loss from discontinued operations		(137,541)
Total comprehensive loss	$ (35,890)	$ (196,157)
Loss Per Share -
Basic and Diluted
Weighted average number of common shares outstanding	23,818,046	23,818,046

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT - USD ($)	Total	Common shares [Member]	Preferred shares [Member]	Capital in Excess of Par Value [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Loss [Member]
Balance at Nov. 30, 2012	$ (124,911)	$ 23,818	$ 750	$ 6,585,880	$ (6,735,195)	$ (164)
Balance, shares at Nov. 30, 2012		23,818,046	750,000
Net loss for period	(196,157)				(202,912)	6,755
Transfer on closing of discontinued operation - comprehensive income					6,591	$ (6,591)
Transfer on closing of discontinued operation -UTH directors account	207,161			207,161
Balance at Nov. 30, 2013	(113,907)	$ 23,818	$ 750	6,793,041	(6,931,516)
Balance, shares at Nov. 30, 2013		23,818,046	750,000
Net loss for period	(35,890)				(35,890)
Balance at Nov. 30, 2014	$ (149,797)	$ 23,818	$ 750	$ 6,793,041	$ (6,967,406)
Balance, shares at Nov. 30, 2014		23,818,046	750,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Nov. 30, 2014	Nov. 30, 2013
CASH FLOWS FROM OPERATIONS:
Net loss	$ (35,890)	$ (58,616)
Changes in assets and liabilities:
(Decrease) Increase in accounts payable	(10,300)	7,995
Net Cash Consumed by Operating Activities of continuing operations	(46,190)	(50,621)
Net Cash Consumed by Operating Activities of discontinued operations		(120,246)
Net Cash Consumed by Operating Activities	(46,190)	(170,867)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from shareholder loans	46,190	50,622
Net Cash Provided by Financing Activities of continuing operations	$ 46,190	50,622
Net Cash Provided by Financing Activities of discontinued operations		110,250
Net Cash Provided by Financing Activities	$ 46,190	160,872
Effect on cash of currency exchange rate changes for discontinued operations		(174)
Net increase (decrease) in cash		(10,169)
Cash balance, beginning of period		$ 10,169
Cash balance, end of period

ORGANIZATION AND BUSINESS

ORGANIZATION AND BUSINESS	12 Months Ended
	Nov. 30, 2014
ORGANIZATION AND BUSINESS [Abstract]
ORGANIZATION AND BUSINESS	1. ORGANIZATION AND BUSINESS Organization of Company The Company was incorporated in the State of Nevada on June 7, 2007 for the purpose of distributing an electronic non-invasive acupuncture pen. The Company ceased operations related to the acupuncture pen during 2009 and turned its attention to other business opportunities in energy conversion and waste disposal. Although several licensing and joint venture agreements were developed, this venture did not result in a viable business. This business segment ceased operations in March of 2011, and the Company became a "shell" company as defined by SEC Rule 12-62. On August 1, 2012, the Company began a new business. The new business enterprise was initiated with the creation of a wholly owned subsidiary, Unwall Technologies Holdings, Sdn. Ghd (Technologies), a Malaysian corporation incorporated on July 12, 2012. The Company planned to introduce applications for mobile devices in the first half of 2013 and web applications later in the year. This venture was discontinued May 31, 2013 and the business closed by August 31, 2013. The subsidiary Corporation does still exist with no assets or liabilities remaining. Development began on a web based social lending division. This development ended before October 31, 2013 with no results and the Company once again became a “shell” company with no assets or operations. In November, 2011, the Company name was changed to Unwall International Inc.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Nov. 30, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. These included Technologies and, until August 31, 2011, Quadra Energy Systems, Inc. All intercompany balances and transactions are eliminated in consolidation. Cash For purposes of the statements of cash flows, the Company considers all short term debt securities purchased with an original maturity of three months or less to be cash equivalents. Concentrations The Company's business operations were in Malaysia and consisted of a single project as described. Recognition Of Revenue Revenue will be recognized when product is delivered to customers or a service is performed. In determining recognition, the following criteria are considered: persuasive evidence exists that there is an arrangement between buyer and seller; delivery has occurred; the sales price is fixed or determinable; and collectability is reasonably assured. Revenue from internet advertising sales and referrals will be recognized ratably over the sales contract period. Income Taxes The Company accounts for income taxes in accordance with pronouncements of the Financial Accounting Standards Board (FASB), which require the use of the "liability method". Accordingly, deferred tax liabilities and assets are determined based on differences between the financial statement bases and tax bases of assets and liabilities, using enacted tax rates in effect for the year in which the differences are expected to reverse. Current income taxes are based on the income that is currently taxable. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimated. Advertising Costs The Company will expense advertising costs when the advertisement occurs. The Company did not incur any advertising costs during either of the periods presented. Net Income per Share The Company computes net income (loss) per common share in accordance with pronouncements of the (FASB) and SEC Staff Accounting Bulletin No. 98 (“SAB 98”). Under these provisions, basic and diluted net income per common share are computed by dividing the net income available to common shareholders for the period by the weighted average number of shares of common stock outstanding during the period. Impairment The Company currently has no assets. Recent Accounting Pronouncements The Company does not expect adoption of recently issued accounting pronouncements to have a significant effect on the Company's results of operations, financial position or cash flows. Research and Development Research costs are expensed as incurred. Development costs are also expensed unless, in the Company's view, they meet specific criteria related to technical, market and financial feasibility, in which case they are deferred and amortized. Amortization is calculated on a straight-line basis over the expected life of the related products. As at year end, the Company had not incurred any development costs which would be required to be amortized.

AMENDMENTS TO DEVELOPMENT STAGE

AMENDMENTS TO DEVELOPMENT STAGE ENTITY REPORTING REQUIREMENTS	12 Months Ended
	Nov. 30, 2014
AMENDMENTS TO DEVELOPMENT STAGE ENTITY REPORTING REQUIREMENTS [Abstract]
AMENDMENTS TO DEVELOPMENT STAGE ENTITY REPORTING REQUIREMENTS	3. AMENDMENTS TO DEVELOPMENT STAGE ENTITY REPORTING REQUIREMENTS The Company ceased all development stage activities by March 31, 2011 and became a "shell" company as defined by SEC Rule 12-b2. The Company began new development stage activities on September 1, 2012 under new ownership and was again considered a development stage company. These activities ceased by May 31, 2013 and new development attempts were not successful. The Company is once again a “shell” company. The Company follows Topic 915 of the (FASB) Accounting Standards Codification (ASC) for disclosures on development stage reporting requirements. Topic 915 eliminates the requirements for development stage entities to (1) present inception to date information in the statements of income, cash flows, and shareholder's equity, (2) label the financial statements as those of a development stage entity, (3) disclose a description of the development stage activities in which the entity is engaged, and (4) disclose in the first year in which the entity is no

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Nov. 30, 2014
RELATED PARTY TRANSACTIONS [Abstract]
RELATED PARTY TRANSACTIONS	4. RELATED PARTY TRANSACTIONS On September 7, 2011 a group consisting of Great on Technology Holdings Limited, a Hong Kong LLC, and other investors purchased all of the issued and outstanding shares of the Company. As a part of that transaction, the outstanding series A preferred shares were increased from 710,890 750,000

AMOUNTS DUE TO SHAREHOLDERS

AMOUNTS DUE TO SHAREHOLDERS	12 Months Ended
	Nov. 30, 2014
AMOUNTS DUE TO SHAREHOLDERS [Abstract]
AMOUNTS DUE TO SHAREHOLDERS	5. AMOUNTS DUE TO SHAREHOLDERS The shareholder loans are non-interest bearing demand loans. Balance November 30, 2013 $ 96,767 Advances 46,190 Balance November 31, 2014 $ 142,957

SHARE AUTHORIZATION

SHARE AUTHORIZATION	12 Months Ended
	Nov. 30, 2014
SHARE AUTHORIZATION [Abstract]
SHARE AUTHORIZATION	6. SHARE AUTHORIZATION Each share of Series A Preferred Stock entitles the holder to One Hundred (100) votes. Holders of the preferred stock share ratably with holders of common stock in any dividends declared by the board of directors. The preferred stock is not convertible into common stock. Holders of preferred stock will rank equally with the holders of common stock in any liquidation or dissolution of the Company.

EXPENSES

EXPENSES	12 Months Ended
	Nov. 30, 2014
EXPENSES [Abstract]
EXPENSES	7. EXPENSES November 30, 2014 November 30, 2013 Continuing Operations Discontinued Operations Continuing Operations Discontinued Operations Consultation fees $ - $ - $ 14,400 $ - Professional fees 35,890 - 42,616 - Wages - 65,967 Operating expense - 31,917 Other expense - net - 4,233 Travel and entertainment - 7,385 Loss on closing of operations - 23,653 Rent - - 1,600 11,141 Total Expenses $ 35,890 $ - $ 58,616 $ 144,296

INCOME TAXES

INCOME TAXES	12 Months Ended
	Nov. 30, 2014
INCOME TAXES [Abstract]
INCOME TAXES	8. INCOME TAXES The Company has experienced net operating losses each year since its inception. The Internal Revenue Code allows net operating losses (NOL's) to be carried forward and applied against future profits for a period of twenty 2031 $ 17,626 2032 37,664 2033 58,616 2034 35,890 Under pronouncements of the FASB, recognition of deferred tax assets is permitted unless it is more likely than not that the assets will not be realized. The Company has recorded deferred tax assets as follows: Tax asset $ 51,290 Valuation Allowance (51,290 ) Balance Recognized $ - The valuation allowance changed by $ 14,654 The Internal Revenue Code permits audits by the Internal Revenue Service for periods up to three no

CONTINGENCY

CONTINGENCY	12 Months Ended
	Nov. 30, 2014
CONTINGENCY [Abstract]
CONTINGENCY	9. CONTINGENCY The Company does not carry insurance.

GOING CONCERN

GOING CONCERN	12 Months Ended
	Nov. 30, 2014
GOING CONCERN [Abstract]
GOING CONCERN	10. 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 and does not presently have sufficient resources to accomplish its objectives during the next twelve

SUBSEQUENT EVENT

SUBSEQUENT EVENT	12 Months Ended
	Nov. 30, 2014
SUBSEQUENT EVENT [Abstract]
SUBSEQUENT EVENT	11. SUBSEQUENT EVENT The Company's Board of Directors has determined to pursue an online lending platform as the basis for its ongoing business. The Board plans to seek an injection of capital in the amount of $ 200,000

SUMMARY OF SIGNIFICANT ACCOUN18

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Nov. 30, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Consolidation	Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. These included Technologies and, until August 31, 2011, Quadra Energy Systems, Inc. All intercompany balances and transactions are eliminated in consolidation.
Cash	Cash For purposes of the statements of cash flows, the Company considers all short term debt securities purchased with an original maturity of three months or less to be cash equivalents.
Concentrations	Concentrations The Company's business operations were in Malaysia and consisted of a single project as described.
Recognition of Revenue	Recognition Of Revenue Revenue will be recognized when product is delivered to customers or a service is performed. In determining recognition, the following criteria are considered: persuasive evidence exists that there is an arrangement between buyer and seller; delivery has occurred; the sales price is fixed or determinable; and collectability is reasonably assured. Revenue from internet advertising sales and referrals will be recognized ratably over the sales contract period.
Income Taxes	Income Taxes The Company accounts for income taxes in accordance with pronouncements of the Financial Accounting Standards Board (FASB), which require the use of the "liability method". Accordingly, deferred tax liabilities and assets are determined based on differences between the financial statement bases and tax bases of assets and liabilities, using enacted tax rates in effect for the year in which the differences are expected to reverse. Current income taxes are based on the income that is currently taxable.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimated.
Advertising Costs	Advertising Costs The Company will expense advertising costs when the advertisement occurs. The Company did not incur any advertising costs during either of the periods presented.
Net Income per Share	Net Income per Share The Company computes net income (loss) per common share in accordance with pronouncements of the (FASB) and SEC Staff Accounting Bulletin No. 98 (“SAB 98”). Under these provisions, basic and diluted net income per common share are computed by dividing the net income available to common shareholders for the period by the weighted average number of shares of common stock outstanding during the period.
Impairment	Impairment The Company currently has no assets.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company does not expect adoption of recently issued accounting pronouncements to have a significant effect on the Company's results of operations, financial position or cash flows.
Research and Development	Research and Development Research costs are expensed as incurred. Development costs are also expensed unless, in the Company's view, they meet specific criteria related to technical, market and financial feasibility, in which case they are deferred and amortized. Amortization is calculated on a straight-line basis over the expected life of the related products. As at year end, the Company had not incurred any development costs which would be required to be amortized.

AMOUNTS DUE TO SHAREHOLDERS (Ta

AMOUNTS DUE TO SHAREHOLDERS (Tables)	12 Months Ended
	Nov. 30, 2014
AMOUNTS DUE TO SHAREHOLDERS [Abstract]
Schedule of Shareholder Loans	Balance November 30, 2013 $ 96,767 Advances 46,190 Balance November 31, 2014 $ 142,957

EXPENSES (Tables)

EXPENSES (Tables)	12 Months Ended
	Nov. 30, 2014
EXPENSES [Abstract]
Schedule of expenses	November 30, 2014 November 30, 2013 Continuing Operations Discontinued Operations Continuing Operations Discontinued Operations Consultation fees $ - $ - $ 14,400 $ - Professional fees 35,890 - 42,616 - Wages - 65,967 Operating expense - 31,917 Other expense - net - 4,233 Travel and entertainment - 7,385 Loss on closing of operations - 23,653 Rent - - 1,600 11,141 Total Expenses $ 35,890 $ - $ 58,616 $ 144,296

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Nov. 30, 2014
INCOME TAXES [Abstract]
Summary of Net Operating Loss Carryforwards	2031 $ 17,626 2032 37,664 2033 58,616 2034 35,890
Schedule of Deferred Tax Assets	Tax asset $ 51,290 Valuation Allowance (51,290 ) Balance Recognized $ -

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - shares	Nov. 30, 2014	Nov. 30, 2013	Nov. 30, 2012	Nov. 30, 2011
Related Party Transaction [Line Items]
Preferred stock, shares outstanding	750,000	750,000	750,000	710,890

AMOUNTS DUE TO SHAREHOLDERS (De

AMOUNTS DUE TO SHAREHOLDERS (Details) - USD ($)	12 Months Ended
	Nov. 30, 2014	Nov. 30, 2013
Related Party Transaction [Line Items]
Beginning balance	$ 96,767
Advances	46,190	$ 50,622
Ending balance	$ 142,957	$ 96,767

EXPENSES (Details)

EXPENSES (Details) - USD ($)	12 Months Ended
	Nov. 30, 2014	Nov. 30, 2013
Total Expenses	$ 35,890	$ 58,616
Continuing Operations [Member]
Consultation fees		14,400
Professional fees	$ 35,890	42,616
Rent		1,600
Total Expenses	$ 35,890	$ 58,616
Discontinued Operations [Member]
Consultation fees
Professional fees
Wages		$ 65,967
Operating expense		31,917
Other expense - net		4,233
Travel and entertainment		7,385
Loss on closing of operations		23,653
Rent		11,141
Total Expenses		$ 144,296

INCOME TAXES (Summary of Net Op

INCOME TAXES (Summary of Net Operating Loss Carryforwards) (Details) - Nov. 30, 2014 - USD ($)	Total
2031 [Member]
Operating Loss Carryforwards [Line Items]
Expiration date	Jan. 1, 2031
Net operating loss carryforwards	$ 17,626
2032 [Member]
Operating Loss Carryforwards [Line Items]
Expiration date	Jan. 1, 2032
Net operating loss carryforwards	$ 37,664
2033 [Member]
Operating Loss Carryforwards [Line Items]
Expiration date	Jan. 1, 2033
Net operating loss carryforwards	$ 58,616
2034 [Member]
Operating Loss Carryforwards [Line Items]
Expiration date	Jan. 1, 2034
Net operating loss carryforwards	$ 35,890

INCOME TAXES (Schedule of Defer

INCOME TAXES (Schedule of Deferred Tax Assets) (Details)	Nov. 30, 2014USD ($)
INCOME TAXES [Abstract]
Tax asset	$ 51,290
Valuation Allowance	$ (51,290)
Deferred income taxes

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Details)	12 Months Ended
	Nov. 30, 2013USD ($)
INCOME TAXES [Abstract]
Change in valuation allowance during the period	$ 14,654

SUBSEQUENT EVENT (Details)

SUBSEQUENT EVENT (Details)	Nov. 30, 2014USD ($)
Subsequent Event [Member]
Subsequent Event [Line Items]
Capital to be raised	$ 200,000