| Organization, Consolidation and Presentation of Financial Statements | 9 Months Ended |
| Dec. 31, 2013 |
| Organization, Consolidation and Presentation of Financial Statements: | ' |
| Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies | ' |
| NOTE 1 - ORGANIZATION AND BUSINESS OPERATIONS |
| Organization and Description of Business |
| VESTA INTERNATIONAL, CORP. (the “Company”, “we” or “us”) was incorporated under the laws of the State of Nevada on May 11, 2011 (“Inception”) and has adopted a March 31 fiscal year end. We plan to market and distribute ceramic sanitary ware produced in China in the European and North American markets. The Company is in the development stage as defined under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 915-205 "Development-Stage Entities.” Since May 11, 2011 (“Inception”) through December 31, 2013 the Company has not generated any revenue and has accumulated losses of $9,996. |
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| NOTE 2 – GOING CONCERN |
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| The Company has incurred a loss since Inception (May 11, 2011) resulting in an accumulated deficit of $9,996 as of December 31, 2013 and further losses are anticipated in the development of its business. Accordingly, there is substantial doubt about the Company’s ability to continue as a going concern. |
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| The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and, or, obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand, loans from directors and, or, the private placement of common stock. |
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| Because of the Company’s history of net losses, its independent auditor, in the report on the financial statements for the fiscal year ended March 31, 2013 and the period from Inception (May 11, 2012) to March 31, 2012 , expressed substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that could result from the outcome of this uncertainty. |
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| NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
| Basis of Presentation |
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| 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. The Company’s year -end is March 31. |
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| Cash and Cash Equivalents |
| For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. The Company's bank accounts are deposited in insured institutions. The funds are insured up to $250,000. At December 31, 2013 the Company's bank deposits did not exceed the insured amounts. |
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| Basic and Diluted Income (Loss) Per Share |
| The Company computes income (loss) per share in accordance with FASB ASC 260, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. |
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| For the three and nine month periods ended December 31, 2013 there were no potentially dilutive securities issued or outstanding and any such shares would have been excluded from the computation because they would have been anti-dilutive as the Company incurred losses for these periods. |
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| No shares of common stock were issued and outstanding during the three and nine month periods ended December 31, 2012 and consequently no income (loss) per share arose during these periods. |
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| Fair Value of Financial Instruments |
| ASC 820 "Fair Value Measurements and Disclosures" establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. |
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| These tiers include: |
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| Level 1: defined as observable inputs such as quoted prices in active markets; |
| Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and |
| Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. |
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| The carrying value of cash and the Company’s loan from shareholder approximates their fair value due to their short-term maturity. |
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| Income Taxes |
| The Company accounts for income taxes pursuant to FASB ASC 740 “Income Taxes”. Under ASC 740 deferred income taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The provision for income taxes represents the tax expense for the period, if any, and the change during the period in deferred tax assets and liabilities. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. |
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| ASC 740 also provides criteria for the recognition, measurement, presentation and disclosure of uncertain tax positions. Under ASC 740, the impact of an uncertain tax position on the income tax return may only be recognized at the largest amount that is more-likely-than-not to be sustained upon audit by the relevant taxing authority. At December 31, 2013, there were no unrecognized tax benefits. |
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| Revenue Recognition |
| The Company will recognize revenue in accordance with Accounting Standards Codification No. 605, “Revenue Recognition” ("ASC-605"), ASC-605 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectibility is reasonably assured. Determination of criteria (3) and (4) are based on management's judgments regarding the fixed nature of the selling prices of the products delivered and the collectibility of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company will defer any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required. |
| Advertising Costs |
| The Company’s policy regarding advertising is to expense advertising when incurred. The Company incurred advertising expense of $0 during the three and nine month periods ended December 31, 2013 and 2012. |
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| Recent accounting pronouncements |
| We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company. |
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| Use of Estimates |
| The preparation of financial statements in conformity with accounting principles generally accepted in the United States 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. |
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| Stock-Based Compensation |
| As of December 31, 2013, the Company has not issued any stock-based payments to its employees. |
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| Stock-based compensation is accounted for at fair value in accordance with ASC 718, when applicable. To date, the Company has not adopted a stock option plan and has not granted any stock options. |
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| NOTE 4 – COMMITMENTS AND CONTINGENCIES |
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| On April 16, 2013, the Company entered into an agreement (“the Agreement”) with TANGSHAN MONOPY CERAMIC CO., LTD. (“the Supplier’). Under the terms of the Agreement, which expires on December 31, 2014, the Company is entitled, but not obligated, to acquire a maximum of $850,000 of ceramic sanitary ware from the Supplier .The Company is required to pay in advance for 100% of the purchase price of any purchases it may make under the Agreement, and the Supplier is obligated to deliver all products purchased by the Company within 35 days of receiving payment, directly to the Company’s customers. At the time of the Report, the Company does not have the funding to make any purchase under the Agreement and there is no guarantee that the Company will be successful in raising the funding necessary for it to be able to make any such purchases under the Agreement. |
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| NOTE 5 – COMMON STOCK |
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| The Company has 75,000,000 shares of common stock authorized with a par value of $ 0.001 per share. |
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| On March 19, 2013, the Company issued 10,000,000 shares of its common stock at $0.001 per share for total proceeds of $10,000. |
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| As at December 31, 2013 10,000,000 shares of common stock were issued and outstanding. |
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| NOTE 6 – INCOME TAXES |
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| As of December 31, 2013 the Company had net operating loss carry forwards of $9,996 that may be available to reduce future years’ taxable income through 2033. 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, |
| NOTE 7 – LOAN FROM SHAREHOLDER |
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| In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note. |
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| Since May 11, 2011 (Inception) through December 31, 2013, the Company’s sole shareholder and director loaned the Company $2,875 to pay for incorporation costs and operating expenses. As of December 31, 2013, the amount outstanding was $2,875. The loan is non-interest bearing, due upon demand and unsecured. |
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| NOTE 8 – SUBSEQUENT EVENTS |
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| In accordance with ASC 855-10, the Company has analyzed its operations subsequent to December 31, 2013 to the date these financial statements were issued, January 21, 2014, and has determined that it does not have any material subsequent events to disclose in these financial statements. |
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