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Organization and Basis of Presentation
12 Months Ended
Jul. 31, 2015
Accounting Policies [Abstract]  
Organization and Basis of Presentation

Note 1: Organization and Basis of Presentation

 

Emo Capital Corp. (the “Company”) is a for profit corporation established under the corporation laws in the State of Nevada, United States of America on August 23, 2006.

 

The Company intends to commence operations in health and beauty care through utilization of the internet. The Company is a development stage company and has not yet realized any revenues from its planned or any other operations. As such, the Company is subject to all risks inherent to the establishment of a start-up business enterprise.

 

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America. The Financial Statements and related disclosures as of July 31, 2015 and 2014 are audited pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”). Unless the context otherwise requires, all references to “Emo Capital Corp.,” “we,” “us,” “our” or the “company” are to Emo Capital Corp. and any subsidiaries.

 

The Company’s fiscal year ends July 31.

 

Foreign Currency Translation

 

The Company is located and operating outside of the United States of America. It maintains its accounting records in U.S. Dollars, as follows:

 

At the transaction date, each asset, liability, revenue, and expense is translated into U.S. dollars by the use of exchange rates in effect on that date. At the period end, monetary assets and liabilities are revalued by using the exchange rate in effect at that date. The resulting foreign exchange gains and losses are included in operations.

 

The Company's currency exposure is insignificant and immaterial and there is no use of derivative instruments to reduce potential exposure to foreign currency risk.