Zhanling International (ZLME) 10-K 25 Apr 16 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jan. 31, 2016	Apr. 09, 2012
Document and Entity Information
Entity Registrant Name	Odenza Corp.
Entity Central Index Key	1,489,300
Document Type	10-K
Document Period End Date	Jan. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--01-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float		$ 1,281,000
Entity Common Stock, Shares Outstanding	3,660,000
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Jan. 31, 2016	Jan. 31, 2015
Current assets
Cash
Total assets
Current liabilities
Accounts payable and accrued liabilities	$ 13,541	$ 6,899
Other payables
Due to related party	$ 115,123	$ 105,627
Total liabilities	128,664	112,526
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock Authorized: 75,000,000 common shares with a par value of $0.001 Issued and outstanding: 3,660,000 common shares	3,660	3,660
Additional paid in capital	27,840	27,840
Deficit accumulated during the exploration stage	(160,164)	(144,026)
Total stockholders' equity (deficit)	$ (128,664)	$ (112,526)
Total liabilities and stockholders' equity (deficit)

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - $ / shares	Jan. 31, 2016	Jan. 31, 2015
BALANCE SHEETS
Common stock, shares authorized	75,000,000	75,000,000
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares issued	3,660,000	3,660,000
Common stock, shares outstanding	3,660,000	3,660,000

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended		78 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2016
STATEMENTS OF OPERATIONS
Office and general expenses	$ 6,138	$ 5,338	$ 48,011
Professional fees	$ 10,000	$ 10,000	107,563
Mining costs			4,590
Net loss	$ 16,138	$ 15,338	$ 160,164
Basic and diluted net loss per share (in dollars per share)	$ 0	$ 0
Weighted average number of shares outstanding (in shares)	3,660,000	3,660,000

STATEMENTS OF STOCKHOLDERS' EQU

STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)	Total	Share price $0.001	Share price $0.025	Common Stock	Common StockShare price $0.001	Common StockShare price $0.025	Additional Paid-in Capital	Additional Paid-in CapitalShare price $0.001	Additional Paid-in CapitalShare price $0.025	Deficit Accumulated During Development Stage	Deficit Accumulated During Development StageShare price $0.001	Deficit Accumulated During Development StageShare price $0.025
Balance (in shares) at Jul. 16, 2009
Balance at Jul. 16, 2009
Increase (Decrease) in Stockholders' Equity
Common stock issued for cash (in shares)					2,500,000	1,160,000
Common stock issued for cash		$ 2,500	$ 29,000		$ 2,500	$ 1,160			$ 27,840
Net loss	$ (8,058)									$ (8,058)
Balance (in shares) at Jan. 31, 2010				3,660,000
Balance at Jan. 31, 2010	$ 23,442			$ 3,660			$ 27,840			$ (8,058)
Balance (in shares) at Jul. 16, 2009
Balance at Jul. 16, 2009
Increase (Decrease) in Stockholders' Equity
Net loss	$ (160,164)
Balance (in shares) at Jan. 31, 2016				3,660,000
Balance at Jan. 31, 2016	(128,664)			$ 3,660			$ 27,840			$ (160,164)
Balance (in shares) at Jan. 31, 2010				3,660,000
Balance at Jan. 31, 2010	23,442			$ 3,660			$ 27,840			(8,058)
Increase (Decrease) in Stockholders' Equity
Net loss	(25,375)									(25,375)
Balance (in shares) at Jan. 31, 2011				3,660,000
Balance at Jan. 31, 2011	(1,933)			$ 3,660			$ 27,840			(33,433)
Increase (Decrease) in Stockholders' Equity
Net loss	(45,121)									(45,121)
Balance (in shares) at Jan. 31, 2012				3,660,000
Balance at Jan. 31, 2012	(47,054)			$ 3,660			$ 27,840			(78,554)
Increase (Decrease) in Stockholders' Equity
Net loss	(26,465)									(26,465)
Balance (in shares) at Jan. 31, 2013				3,660,000
Balance at Jan. 31, 2013	(73,519)			$ 3,660			$ 27,840			(105,019)
Increase (Decrease) in Stockholders' Equity
Net loss	(23,669)									(23,669)
Balance (in shares) at Jan. 31, 2014				3,660,000
Balance at Jan. 31, 2014	(97,188)			$ 3,660			$ 27,840			(128,688)
Increase (Decrease) in Stockholders' Equity
Net loss	(15,338)									(15,338)
Balance (in shares) at Jan. 31, 2015				3,660,000
Balance at Jan. 31, 2015	(112,526)			$ 3,660			$ 27,840			(144,026)
Increase (Decrease) in Stockholders' Equity
Net loss	(16,138)									(16,138)
Balance (in shares) at Jan. 31, 2016				3,660,000
Balance at Jan. 31, 2016	$ (128,664)			$ 3,660			$ 27,840			$ (160,164)

STATEMENTS OF STOCKHOLDERS' EQ6

STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical)	Jan. 31, 2010$ / shares
Share price $0.001
Common stock issued for cash (in dollars per share)	$ 0.001
Share price $0.025
Common stock issued for cash (in dollars per share)	$ 0.025

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended		78 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (16,138)	$ (15,338)	$ (160,164)
Changes in:
Accounts payable and accrued liabilities	$ 6,642	$ (6,057)	$ 13,541
Other payable
NET CASH USED IN OPERATING ACTIVITIES	$ (9,496)	$ (21,395)	$ (146,623)
CASH FLOWS FROM FINANCING ACTIVITIES
Due to related party	$ 9,496	$ 21,395	115,123
Proceeds from sale of common stock			31,500
NET CASH PROVIDED BY FINANCING ACTIVITIES	$ 9,496	$ 21,395	$ 146,623
NET (DECREASE)/INCREASE IN CASH
CASH, BEGINNING OF PERIOD
CASH, END OF PERIOD
Supplemental cash flow information:
Interest paid
Income taxes paid

NATURE OF OPERATIONS

NATURE OF OPERATIONS	12 Months Ended
	Jan. 31, 2016
NATURE OF OPERATIONS
NATURE OF OPERATIONS	1. NATURE OF OPERATIONS The Company was incorporated in the State of Nevada on July 16, 2009 and its year-end is January 31. The Company is an exploration stage company and is currently seeking new business opportunities. Going concern These financial statements have been prepared on a going concern basis. The Company has incurred losses since inception resulting in an accumulated deficit of $ 160,164 at January 31, 2016 and further losses are anticipated in the development of its business raising substantial doubt about the Company's ability to continue as a going concern. Its ability to continue as a going concern is dependent upon the ability of the Company to generate profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management has plans to seek additional capital through a private placement of its common stock or further director loans as needed. These financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jan. 31, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation These financial statements are presented in United States dollars and have been prepared in accordance with United States generally accepted accounting principles. Use of estimates and assumptions The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are readily apparent from other sources. The actual results experienced by the Company may differ materially from the Company's estimates. To the extent there are material differences, future results may be affected. Estimates used in preparing these financial statements include the carrying value of the equipment, deferred income tax amounts, rates and timing of the reversal of income tax differences. Mineral property costs The Company has been in the exploration stage since its formation on July 16, 2009 and has not yet realized any revenues from its planned operations. It is primarily engaged in the acquisition and exploration of mining properties. Mineral property acquisition and exploration costs are charged to operations as incurred. When it has been determined that a mineral property can be economically developed as a result of establishing proven and probable reserves, the costs incurred to develop such property, are capitalized. Such costs will be amortized using the units-of-production method over the estimated life of the probable reserve. Loss per common share Basic earnings per share includes no dilution and is computed by dividing income available to common stockholders by the weighted average number of common shares outstanding for the period. Dilutive earnings per share reflect the potential dilution of securities that could share in the earnings of the Company. Because the Company does not have any potentially dilutive securities, diluted loss per share is equal to the basic loss per share. Comprehensive Loss For all periods presented, the Company has no items that represent a comprehensive loss and, therefore, has not included a statement of comprehensive loss in these financial statements. Financial instruments The fair value of the Company's financial instruments consisting of cash, accounts payable, and amounts due to related party approximate their carrying values due to the immediate or short-term maturity of these financial instruments. The Company operates in Malaysia and therefore is exposed to foreign exchange risk. It is the management's opinion that the Company is not exposed to significant interest or credit risks arising from these financial instruments. Income taxes Deferred income taxes are provided for tax effects of temporary differences between the tax basis of asset and liabilities and their reported amounts in the financial statements. The Company uses the liability method to account for income taxes, which requires deferred taxes to be recorded at the statutory rate expected to being in effect when the taxes are paid. Valuation allowances are provided for a deferred tax asset when it is more likely than not that such asset will not be realized. Management evaluates tax positions taken or expected to be taken in a tax return. The evaluation of a tax position includes a determination of whether a tax position should be recognized in the financial statements, and such a position should only be recognized if the Company determines that it is more likely than not that the tax position will be sustained upon examination by the tax authorities, based upon the technical merits of the position. For those tax positions that should be recognized, the measurement of a tax position is determined as being the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. Stock-based compensation The Company has not adopted a stock option plan and therefore has not granted any stock options. Accordingly, no stock- based compensation has been recorded to date. Foreign Currency Translation Foreign denominated monetary assets and liabilities are translated to their United States dollar equivalents using foreign exchange rates which prevailed at the balance sheet date. Expenses are translated at average rates of exchange during the period. Related translation adjustments are reported as a separate component of stockholders' equity, whereas gains or losses resulting from foreign currency transactions are included in the results of operations. Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

MINERAL PROPERTY

MINERAL PROPERTY	12 Months Ended
	Jan. 31, 2016
MINERAL PROPERTY
MINERAL PROPERTY	3. MINERAL PROPERTY On September 25, 2009 the Company entered into an Option Agreement to acquire a 100 undivided legal, beneficial and register-able interest in Prospecting License P21/709 of approximately 140 hectares located in the Murchison Mineral field in Western Australia and known as the Island Project Lake Austin. The option period is for two years from effective date. The Company negotiated a one year extension of the option at no charge which was expired on September 25, 2012. The Company did not negotiate any extension of the option and consequently the option has expired and become ineffective.

DUE TO RELATED PARTY

DUE TO RELATED PARTY	12 Months Ended
	Jan. 31, 2016
DUE TO RELATED PARTY
DUE TO RELATED PARTY	4. DUE TO RELATED PARTY As January 2016 Company owed 9,496 Chief Executive Officer, Secretary and Chairman of the Board of Directors Company for funds advanced. As of same day, the Company also owed $ 105,627 The amounts are unsecured, bear interest and payable on demand.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Jan. 31, 2016
INCOME TAXES
INCOME TAXES	5. INCOME TAXES As of January 31, 2016, the Company has estimated tax loss carry forwards for tax purpose of approximately $ 160,164 which expire by 2031. These amounts may be applied against future taxable income. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization has not been determined to be more likely than not to occur. The actual income tax provisions differ from the expected amounts calculated by applying the statutory income tax rate to the Company's loss before income taxes. The components of these differences are as follows: 2016 2015 Loss before income tax $ 16,138 $ 15,338 Statutory tax rate 34 % 34 % Expected recovery of income taxes at standard rates 5,487 5,215 Change in valuation allowance ( 5,487 ) (5,215 ) Income tax provision $ - $ - Components of deferred tax asset: Non-capital tax loss carry forwards $ 54,455 $ 48,968 Less: valuation allowance (54,455 ) (48,968 ) Net deferred tax asset $ - $ - The Company has not filed income tax returns since inception in the United States. Both taxing authorities prescribe penalties for failing to file certain tax returns and supplemental disclosure. Upon filing there could be penalties an interest assessed. Such penalties vary by jurisdiction and by assessing practices and authorities. As the Company has incurred losses since inception there would be no known or anticipated exposure to penalties for income tax liability. However, certain jurisdictions may assess penalties for failing to file returns and other disclosures and for failing to file other supplemental information associated with foreign ownership, debt and equity position. Inherent uncertainties arise over tax positions taken with respect to transfer pricing, related party transactions, tax credits, tax based incentives and stock based transactions. Management has considered the likelihood and significance of possible penalties associated with its current and intended filing positions and has determined, based on their assessment, that such penalties, if any, would not be expected to be material.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Jan. 31, 2016
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	6. SUBSEQUENT EVENTS In accordance with ASC 855, Subsequent Events, the Company has evaluated subsequent events through the date of issuance of the audited financial statements.

SUMMARY OF SIGNIFICANT ACCOUN14

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jan. 31, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of presentation	Basis of presentation These financial statements are presented in United States dollars and have been prepared in accordance with United States generally accepted accounting principles.
Use of estimates and assumptions	Use of estimates and assumptions The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are readily apparent from other sources. The actual results experienced by the Company may differ materially from the Company's estimates. To the extent there are material differences, future results may be affected. Estimates used in preparing these financial statements include the carrying value of the equipment, deferred income tax amounts, rates and timing of the reversal of income tax differences.
Mineral property costs	Mineral property costs The Company has been in the exploration stage since its formation on July 16, 2009 and has not yet realized any revenues from its planned operations. It is primarily engaged in the acquisition and exploration of mining properties. Mineral property acquisition and exploration costs are charged to operations as incurred. When it has been determined that a mineral property can be economically developed as a result of establishing proven and probable reserves, the costs incurred to develop such property, are capitalized. Such costs will be amortized using the units-of-production method over the estimated life of the probable reserve.
Loss per common share	Loss per common share Basic earnings per share includes no dilution and is computed by dividing income available to common stockholders by the weighted average number of common shares outstanding for the period. Dilutive earnings per share reflect the potential dilution of securities that could share in the earnings of the Company. Because the Company does not have any potentially dilutive securities, diluted loss per share is equal to the basic loss per share.
Comprehensive Loss	Comprehensive Loss For all periods presented, the Company has no items that represent a comprehensive loss and, therefore, has not included a statement of comprehensive loss in these financial statements.
Financial instruments	Financial instruments The fair value of the Company's financial instruments consisting of cash, accounts payable, and amounts due to related party approximate their carrying values due to the immediate or short-term maturity of these financial instruments. The Company operates in Malaysia and therefore is exposed to foreign exchange risk. It is the management's opinion that the Company is not exposed to significant interest or credit risks arising from these financial instruments.
Income taxes	Income taxes Deferred income taxes are provided for tax effects of temporary differences between the tax basis of asset and liabilities and their reported amounts in the financial statements. The Company uses the liability method to account for income taxes, which requires deferred taxes to be recorded at the statutory rate expected to being in effect when the taxes are paid. Valuation allowances are provided for a deferred tax asset when it is more likely than not that such asset will not be realized. Management evaluates tax positions taken or expected to be taken in a tax return. The evaluation of a tax position includes a determination of whether a tax position should be recognized in the financial statements, and such a position should only be recognized if the Company determines that it is more likely than not that the tax position will be sustained upon examination by the tax authorities, based upon the technical merits of the position. For those tax positions that should be recognized, the measurement of a tax position is determined as being the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement.
Stock-based compensation	Stock-based compensation The Company has not adopted a stock option plan and therefore has not granted any stock options. Accordingly, no stock- based compensation has been recorded to date.
Foreign Currency Translation	Foreign Currency Translation Foreign denominated monetary assets and liabilities are translated to their United States dollar equivalents using foreign exchange rates which prevailed at the balance sheet date. Expenses are translated at average rates of exchange during the period. Related translation adjustments are reported as a separate component of stockholders' equity, whereas gains or losses resulting from foreign currency transactions are included in the results of operations.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Jan. 31, 2016
INCOME TAXES
Schedule of components of income tax differences	2016 2015 Loss before income tax $ 16,138 $ 15,338 Statutory tax rate 34 % 34 % Expected recovery of income taxes at standard rates 5,487 5,215 Change in valuation allowance ( 5,487 ) (5,215 ) Income tax provision $ - $ - Components of deferred tax asset: Non-capital tax loss carry forwards $ 54,455 $ 48,968 Less: valuation allowance (54,455 ) (48,968 ) Net deferred tax asset $ - $ -

NATURE OF OPERATIONS (Details)

NATURE OF OPERATIONS (Details) - USD ($)	Jan. 31, 2016	Jan. 31, 2015
NATURE OF OPERATIONS
Accumulated deficit	$ (160,164)	$ (144,026)

SUMMARY OF SIGNIFICANT ACCOUN17

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended
	Jan. 31, 2016USD ($)
Stock-based compensation
Stock-based compensation	$ 0

MINERAL PROPERTY (Details)

MINERAL PROPERTY (Details)	Sep. 25, 2009USD ($)ha
MINERAL PROPERTY
Percentage of ownership interest to be acquired under Option Agreement in Prospecting License P21/709	100.00%
Area of mineral property to be acquired (in hectares) | ha	140
Option period	2 years
Option period extension tenure	1 year
Cost of option period extension | $	$ 0

DUE TO RELATED PARTY (Details)

DUE TO RELATED PARTY (Details) - USD ($)	12 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Due to related party
Due to related party	$ 115,123	$ 105,627
Interest on dues to related party	0
President, Chief Executive Officer, Secretary and Chairman of the Board of Directors
Due to related party
Due to related party	9,496
Chief Operating Officer
Due to related party
Due to related party	$ 105,627

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	6 Months Ended	12 Months Ended						78 Months Ended
	Jan. 31, 2010	Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2014	Jan. 31, 2013	Jan. 31, 2012	Jan. 31, 2011	Jan. 31, 2016
INCOME TAXES
Estimated tax loss carry forwards for tax purpose		$ 160,164						$ 160,164
Components of difference between actual income tax provisions and expected amounts calculated by applying statutory income tax rate to loss before income taxes
Loss before income tax	$ 8,058	$ 16,138	$ 15,338	$ 23,669	$ 26,465	$ 45,121	$ 25,375	160,164
Statutory tax rate (as a percent)		34.00%	34.00%
Expected recovery of income taxes at standard rates		$ 5,487	$ 5,215
Change in valuation allowance		$ (5,487)	$ (5,215)
Income tax provision
Components of deferred tax asset:
Non-capital tax loss carry forwards		$ 54,455	$ 48,968					54,455
Less: valuation allowance		$ (54,455)	$ (48,968)					$ (54,455)
Net deferred tax asset