| Document and Entity Information - USD ($) | 12 Months Ended | |
| Jul. 31, 2015 | Jan. 31, 2015 | |
| Document and Entity Information: | ||
| Entity Registrant Name | NIMTECH CORP | |
| Document Type | 10-K | |
| Document Period End Date | Jul. 31, 2015 | |
| Trading Symbol | nmtc | |
| Amendment Flag | false | |
| Entity Central Index Key | 1,622,491 | |
| Current Fiscal Year End Date | --07-31 | |
| Entity Common Stock, Shares Outstanding | 6,040,000 | |
| Entity Public Float | $ 60,400 | |
| Entity Filer Category | Smaller Reporting Company | |
| Entity Current Reporting Status | No | |
| Entity Voluntary Filers | No | |
| Entity Well-known Seasoned Issuer | No | |
| Document Fiscal Year Focus | 2,015 | |
| Document Fiscal Period Focus | FY |
| Balance Sheets - USD ($) | Jul. 31, 2015 | Jul. 31, 2014 |
| Assets, Current | ||
| Cash and Cash Equivalents, at Carrying Value | $ 5,927 | $ 1,124 |
| Accounts Receivable, Net, Current | 50 | |
| Inventory, Net | 1,100 | |
| Prepaid Expense, Current | 1,650 | |
| Assets, Current | 8,727 | 1,124 |
| Assets, Noncurrent | ||
| Property, Plant and Equipment, Gross | 8,047 | 8,047 |
| Other Assets, Noncurrent | (938) | |
| Assets, Noncurrent | 7,109 | 8,047 |
| Assets | 15,836 | 9,171 |
| Liabilities, Current | ||
| Accounts Payable, Current | 0 | 0 |
| Advances from director | 17,387 | 5,807 |
| Liabilities, Current | 17,387 | 5,807 |
| Liabilities, Noncurrent | ||
| Liabilities | 17,387 | 5,807 |
| Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | ||
| Common Stock, Value, Issued | 6,040 | 3,500 |
| Additional Paid in Capital, Common Stock | 22,860 | 0 |
| Deficit accumulated during the development stage (Accumulated Deficit) | (30,451) | (136) |
| Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | $ (1,551) | $ 3,364 |
| Stockholders' Equity, Number of Shares, Par Value and Other Disclosures | ||
| Common Stock, Shares Authorized | 75,000,000 | 75,000,000 |
| Common Stock, Shares Issued | 6,040,000 | 3,500,000 |
| Common Stock, Shares Outstanding | 6,040,000 | 3,500,000 |
| Liabilities and Equity | $ 15,836 | $ 9,171 |
| Statement of Income - USD ($) | 6 Months Ended | 12 Months Ended |
| Jul. 31, 2014 | Jul. 31, 2015 | |
| Revenues | ||
| Sales Revenue, Goods, Net | $ 4,235 | |
| Revenues | 4,235 | |
| Cost of Revenue | ||
| Cost of Goods Sold | 600 | |
| Gross Profit | 3,635 | |
| Amortization of Deferred Charges | ||
| Selling, General and Administrative Expense | $ 136 | 33,950 |
| Operating Expenses | 136 | 33,950 |
| Operating Income (Loss) | (136) | (30,315) |
| Interest and Debt Expense | ||
| Net Income (Loss) | $ (136) | $ (30,315) |
| Statement of Cash Flows - USD ($) | 6 Months Ended | 12 Months Ended |
| Jul. 31, 2014 | Jul. 31, 2015 | |
| Net Cash Provided by (Used in) Operating Activities | ||
| Net Income (Loss) | $ (136) | $ (30,315) |
| Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities | ||
| Depreciation | 938 | |
| Increase (Decrease) in Operating Assets | ||
| Increase (Decrease) in Receivables | (50) | |
| Increase (Decrease) in Inventories | 0 | (1,100) |
| Increase (Decrease) in Prepaid Expense and Other Assets | (1,650) | |
| Increase (Decrease) in Operating Liabilities | ||
| Net Cash Provided by (Used in) Operating Activities | (136) | (32,177) |
| Net Cash Provided by (Used in) Investing Activities | ||
| Payments to Acquire Property, Plant, and Equipment | (8,047) | |
| Net Cash Provided by (Used in) Investing Activities | (8,047) | |
| Net Cash Provided by (Used in) Financing Activities | ||
| Proceeds from director loan | 5,807 | 11,580 |
| Proceeds from Issuance of Common Stock | 3,500 | 25,400 |
| Net Cash Provided by (Used in) Financing Activities | 9,307 | 36,980 |
| Cash and Cash Equivalents, Period Increase (Decrease) | 1,124 | 4,803 |
| Cash and Cash Equivalents, at Carrying Value | 1,124 | |
| Cash and Cash Equivalents, at Carrying Value | $ 1,124 | $ 5,927 |
| Note 1 - Organization and Nature of Business | 12 Months Ended |
| Jul. 31, 2015 | |
| Notes | |
| Note 1 - Organization and Nature of Business | NOTE 1 ORGANIZATION AND NATURE OF BUSINESS NIMTECH CORP. (the Company, we, us or our) was incorporated |
| Note 2-going Concern | 12 Months Ended |
| Jul. 31, 2015 | |
| Notes | |
| Note 2-going Concern | NOTE 2GOING CONCERN The Company has generated limited revenues and incurred a loss since Inception (February 4, 2014) resulting in an accumulated deficit of $30,451 as of July 31, 2015 and further losses are anticipated in the development of its business. Accordingly, there is substantial doubt about the Companys ability to continue as a going concern. 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. Because of the Companys history of losses, its independent auditors, in the reports on the financial statements for the year ended July 31, 2015 and for the period from Inception (February 4, 2014) to July 31, 2014, expressed substantial doubt about the Companys 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. 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 managements 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 | 12 Months Ended |
| Jul. 31, 2015 | |
| Notes | |
| Note 3 - Summary of Signifcant Accounting Policies | NOTE 3 SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES 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 July 31 fiscal year end. Development Stage Company The Company is a development stage company as defined by section 915-10-20 of the FASB Accounting Standards Codification and among the additional disclosures required as a development stage company are that its financial statements were identified as those of a development stage company, and that the statements of operations, stockholders' deficit and cash flows disclosed activity since the date of its inception (February 4, 2014) as a development stage company Although the Company has recognized nominal amounts of revenue, it is still devoting substantially all of its efforts on establishing the business. All losses accumulated since Inception (February 4, 2014) have been considered as part of the Company's development stage activities. Effective June 10, 2014 FASB changed its regulations with respect to Development Stage Entities and these additional disclosures are no longer required for annual reporting periods beginning after December 15, 2014 with the option for entities to early adopt these new provisions. The Company has elected to early adopt these provisions and consequently these additional disclosures are not included in these financial statements. 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. Cash and Cash E ui v lents T e C m a c nsi ers all i ly li i inves m e ts wit t e ori i a m ritie o thre m t les to s e q i a le t 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. These tiers include: 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. The carrying value of cash, prepaid expenses, accounts receivable, accounts payable and the Companys loan from director approximates its fair value due to their short-term maturity. Inventories Our inventory consists of raw material necessary for production which is laminated paper that comes in rolls. Because we produce quantities ordered, we do not have any finished goods inventories. Inventories are stated at the lower of cost or net realizable value. Cost is determined using the first-in, first out ( FIFO Property and Equipment Property and equipment are stated at cost and depreciated on the straight line method over the estimated life of the asset, which is 5 years. 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. 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) collectability 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 collectability 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 Companys policy regarding advertising is to expense advertising when incurred. The Company did not incur any advertising expenses during the year end July 31, 2015 or the period from February 4, 2014 (inception) to July 31, 2014. Stock-Based Compensation Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options. Basic 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. During the year ended July 31, 2015 or the period from February 4, 2014 (inception) to July 31, 2014 there were no potentially dilutive debt or equity instruments 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 in these periods. Comprehensive Income Comprehensive income is defined as all changes in stockholders' equity (deficit), exclusive of transactions with owners, such as capital investments. Comprehensive income includes net income or loss, changes in certain assets and liabilities that are reported directly in equity such as translation adjustments on investments in foreign subsidiaries and unrealized gains (losses) on available-for-sale securities. During the year ended July 31, 2015 or the period from February 4, 2014 (inception) to July 31, 2014 there were no differences between our comprehensive loss and net loss. 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 |
| Note 4 - Loan From Director | 12 Months Ended |
| Jul. 31, 2015 | |
| Notes | |
| Note 4 - Loan From Director | NOTE 4 LOAN FROM DIRECTOR In support of the Companys 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. During the year ended July 31 , 2015, our sole director has loaned to the Company $ 11,580 . The balance outstanding to the sole director as of July 31 , 2015 was $ 17,387 (2014 - $5,807) . The loan is unsecured, non-interest bearing and due on demand. Our Director is providing her office for our company at no charge. |
| Note 5 - Common Stock | 12 Months Ended |
| Jul. 31, 2015 | |
| Notes | |
| Note 5 - Common Stock | NOTE 5 COMMON STOCK The Company has 75,000,000, $0.001 par value shares of common stock authorized. On June 5, 2014, the Company issued 3,500,000 shares of common stock to a director for cash proceeds of $3,500 at $0.001 per share. During the year ended July 31, 2015 Company has issued 2,540,000 shares of common stock for cash proceeds of $25,400 at $0.001 per share. There were 6,040,000 shares of common stock issued and outstanding as of July 31, 2015. |
| Note 6 - Commitments and Contingencies | 12 Months Ended |
| Jul. 31, 2015 | |
| Notes | |
| Note 6 - Commitments and Contingencies | NOTE 6 COMMITMENTS AND CONTINGENCIES Contractual commitments The Company has signed two year lease agreement with Ismail Kaya, Istanbul, Turkey. Rent started on March 1, 2015. The premise allows us to place up to 4 paper cup forming machines. According to the agreement we lease 50 square meters of premises on the first floor of the building at Perpa Ticaret Merkezi, B Blok, Kat: 9, No: 1524, Istanbul. The agreed annual rental fee is $6,000 for the first year of lease and will be reduced to $5,400 for the second year of lease. The agreement provides for a lease extension for an additional one year term upon written notice from the Company. Litigation We were no subject to any legal proceedings during the year ended July 31, 2015 or the period from inception (February 4, 2014) to July 31, 2014 and we know of no material, existing or pending legal proceedings against our Company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our interest. |
| Note 7 - Income Taxes | 12 Months Ended |
| Jul. 31, 2015 | |
| Notes | |
| Note 7 - Income Taxes | NOTE 7 INCOME TAXES As of July 31, 2015, the Company had net operating loss carry forwards of approximately $30,451 that may be available to reduce future years taxable income in varying amounts through 2035. Future tax benefits which 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 provision for Federal income tax consists of the following: July 31, 2015 Federal income tax benefit attributable to: Losses incurred in current operations $ 30,451 Less: valuation allowance (30,451) Net provision for Federal income taxes $ - The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows: July 31, 2015 Deferred tax asset attributable to: Net operating loss carryover $ 10,353 Less: valuation allowance (10,353) 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 $30,451 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 8. Subsequent Events | 12 Months Ended |
| Jul. 31, 2015 | |
| Notes | |
| Note 8. Subsequent Events | NOTE 8. SUBSEQUENT EVENTS In accordance with ASC 855-10 the Company has analyzed its operations from July 31, 2015 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 other than as disclosed above. |
