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STOCKHOLDERS' EQUITY
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12 Months Ended | ||
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Mar. 31, 2012
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| STOCKHOLDERS' EQUITY [Abstract] | |||
| STOCKHOLDERS' EQUITY |
Preferred Stock
There are 10,000,000 Preferred Shares at $0.0001 par value authorized with none issued and outstanding March 31, 2012 and 2011, respectively.
Common Stock
On March 16, 2011, the Company issued 9,000,000 of its $0.0001 par value common stock at $0.001 per share for $9,000 cash to the founder of the Company. The issuance of the shares was made to the sole officer and director of the Company and an individual who is a sophisticated and accredited investor, therefore, the issuance was exempt from registration of the Securities Act of 1933 by reason of Section 4 (2) of that Act.
On August 30, 2011, the Company issued 1,200,000 common shares at $0.01 per share yielding net proceeds of $12,000.
There are 500,000,000 Common Shares at $0.0001 par value authorized with 10,200,000 shares and 9,000,000 shares issued and outstanding March 31, 2012 and 2011, respectively. |