Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Document and Entity Information: | ' |
Entity Registrant Name | 'Drimex Inc. |
Document Type | '10-K |
Document Period End Date | 31-Dec-13 |
Amendment Flag | 'false |
Entity Central Index Key | '0001569083 |
Current Fiscal Year End Date | '--12-31 |
Entity Common Stock, Shares Outstanding | 5,905,000 |
Entity Public Float | $0 |
Entity Filer Category | 'Smaller Reporting Company |
Entity Current Reporting Status | 'Yes |
Entity Voluntary Filers | 'Yes |
Entity Well-known Seasoned Issuer | 'No |
Document Fiscal Year Focus | '2013 |
Document Fiscal Period Focus | 'FY |
Balance_sheets
Balance sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Assets, Current | ' | ' |
Cash and Cash Equivalents, at Carrying Value | $7,850 | $5,068 |
Prepaid Expense, Current | ' | 0 |
Assets | 7,850 | 5,068 |
Liabilities, Current | ' | ' |
Accrued Liabilities, Current | 0 | 0 |
Liabilities, Noncurrent | ' | ' |
Due to Related Parties, Noncurrent | 2,900 | 100 |
Liabilities | 2,900 | 100 |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | ' | ' |
Common Stock, value | 5,905 | 5,000 |
Additional Paid in Capital, Preferred Stock | 17,195 | 0 |
Retained Earnings (Accumulated Deficit) | -18,150 | -32 |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | 4,950 | 4,968 |
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures | ' | ' |
Common Stock, Shares Authorized | 75,000,000 | 75,000,000 |
Common Stock, Shares Issued | 5,905,000 | 5,000,000 |
Common Stock, Shares Outstanding | 5,905,000 | 5,000,000 |
Liabilities and Equity | $7,850 | $5,068 |
Statement_of_Operations
Statement of Operations (USD $) | 5 Months Ended | 12 Months Ended | 17 Months Ended |
Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | |
Revenues | ' | ' | ' |
Consulting fees | ' | $2,000 | $2,000 |
Revenues | 0 | 2,000 | 2,000 |
Operating Expenses | ' | ' | ' |
Professional Fees | ' | 19,249 | 19,249 |
Business Licenses and Permits, Operating | ' | 499 | 499 |
Bank fees | 32 | 370 | 402 |
Total Operating Expenses | 32 | 20,118 | 20,150 |
Net loss from operations | -32 | -20,118 | -20,150 |
Income Tax Expense (Benefit) | ' | ' | ' |
Provision for Income Taxes (Benefit) | 0 | 0 | ' |
Net Income (Loss) | ($32) | ($18,118) | ($18,150) |
Earnings Per Share | ' | ' | ' |
Weighted Average Number of Shares Outstanding, Basic | 5,000,000 | 5,278,301 | ' |
Earnings Per Share, Basic and Diluted | $0 | $0 | ' |
Weighted Average Number of Shares Outstanding, Basic and Diluted | 0 | 0 | 0 |
Statements_of_Cash_Flows
Statements of Cash Flows (USD $) | 5 Months Ended | 12 Months Ended | 17 Months Ended |
Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | |
Net Cash Provided by (Used in) Operating Activities | ' | ' | ' |
Net loss for the period | ($32) | ($18,118) | ($18,150) |
Net Cash Provided by (Used in) Operating Activities | -32 | -18,118 | -18,150 |
Net Cash Provided by (Used in) Investing Activities | ' | ' | ' |
Payments to Acquire Property, Plant, and Equipment | 0 | 0 | ' |
Net Cash Provided by (Used in) Financing Activities | ' | ' | ' |
Proceeds from Issuance of Common Stock | 5,000 | 18,100 | 23,100 |
Proceeds from director loans | 100 | 2,800 | 2,900 |
Net Cash Provided by (Used in) Financing Activities | 5,100 | 20,900 | 26,000 |
Cash and Cash Equivalents, Period Increase (Decrease) | 5,068 | 2,782 | 7,850 |
Cash and Cash Equivalents, at Carrying Value | ' | 5,068 | ' |
Cash and Cash Equivalents, at Carrying Value | $5,068 | $7,850 | $7,850 |
Organization_Consolidation_and
Organization Consolidation and Presentation of Financial Statements | 12 Months Ended | ||
Dec. 31, 2013 | |||
Notes | ' | ||
Organization Consolidation and Presentation of Financial Statements | ' | ||
NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS | |||
Drimex Inc. was incorporated under the laws of the State of Nevada on August 10, 2012. We are a development stage company in the power sports business. The company plans to buy motorcycles, all-terrain vehicles (ATV), snowmobiles, Utility Terrain Vehicle (UTV), power sports accessories from USA suppliers and sell them worldwide. | |||
NOTE 2 – GOING CONCERN | |||
The accompanying financial statements have been prepared in conformity with generally accepted accounting principle, which contemplate continuation of the Company as a going concern. The Company currently has limited working capital, and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. These conditions raise substantial doubt as to the ability of the Company to continue as a going concern. | |||
Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses The Company intends to position itself so that it may be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern. | |||
NOTE 3 – SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES | |||
Development Stage Company | |||
The accompanying financial statements have been prepared in accordance with generally accepted accounting principles related to development stage companies. A development-stage company is one in which planned principal operations have not commenced or if its operations have commenced, there has been no significant revenues there from. | |||
Basis of Presentation | |||
The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. | |||
Accounting Basis | |||
The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP” accounting). The Company has adopted a December 31 fiscal year end. | |||
Cash and Cash Equivalents | |||
The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $7,850 of cash as of December 31, 2013 and $5,068 of cash as of December 31, 2012. | |||
Income Taxes | |||
Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. | |||
Use of Estimates | |||
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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. | |||
Revenue Recognition | |||
The Company recognizes revenue when products are fully delivered or services have been provided and collection is reasonably assured. | |||
Basic Income (Loss) Per Share | |||
Basic income (loss) per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are no such common stock equivalents outstanding as of December 31, 2013. | |||
Recent Accounting Pronouncements | |||
Drimex Inc. does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position or cash flow. | |||
NOTE 4 – LOAN FROM DIRECTOR | |||
On September 14, 2012, director loaned $100 to open bank account. | |||
In May and September 2013, director loaned $ 2,800 for business operations. | |||
The loan is unsecured, non-interest bearing and due on demand. | |||
The balance due to the director was $2,900 as of December 31, 2013. | |||
NOTE 5 – COMMON STOCK | |||
The Company has 75,000,000, $0.001 par value shares of common stock authorized. | |||
On December 28, 2012, the Company issued 5,000,000 shares of common stock for cash proceeds of $5,000 at $0.001 per share. | |||
During the fiscal year 2013, the Company issued 905,000 shares of common stock for cash proceeds of $18,100 | |||
There were 5,905,000 shares of common stock issued and outstanding as of December 31, 2013. | |||
NOTE 6 – INCOME TAXES | |||
As of December 31, 2013, the Company had net operating loss carry forwards of approximately $18,150 that may be available to reduce future years’ taxable income in varying amounts and begin expiring in 2032. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards. | |||
The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows: | |||
31-Dec-13 | 31-Dec-12 | ||
Deferred tax asset attributable to: | |||
Net operating loss carryover | $ 6,171 | $ 11 | |
Less: valuation allowance | -6,171 | -11 | |
Net deferred tax asset | $ - | $ - | |
Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of approximately $18,150 for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur net operating loss carry forwards may be limited as to use in future years. | |||
NOTE 7 – SUBSEQUENT EVENTS | |||
In accordance with SFAS 165 (ASC 855-10) the Company has analyzed its operations subsequent to December 31, 2013 to the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements. |