XML 20 R7.htm IDEA: XBRL DOCUMENT v3.2.0.727
Organization and Basis of presentation
12 Months Ended
Apr. 30, 2015
Accounting Policies [Abstract]  
Organization and Basis of presentation

NOTE 1- Organization and Basis of presentation

 

Organization

 

Borneo Industrial Fishery Corp Inc. (the “Company”), formerly “China Xibolun Technology Holdings Corporation was incorporated under the laws of the State of Nevada on May 24, 2007. Prior to incorporation on April 30, 2008, Dimus Partners, LLC was a Texas limited liability company effective May 24, 2007.  Dimus Partners, LLC (the “Texas Company”) and the Company entered into a Certificate of Exchange whereby the Nevada Corporation acquired 100% of the issued and outstanding membership interest of the Texas Company, in exchange for two million (2,000,000) common shares of the Company.

 

On September 21, 2012, James Patton, Nathan Pettus and James Pacey (“Sellers”), who were collectively the controlling shareholders of the Company, sold 4,200,000 shares of common stock of the Company to Chin Yung Kong and Anyuan Sun (“Purchasers”) for an aggregated price of $ 190,000.The 4,200,000 shares of common stock represented approximately 96.2% of the total issued and outstanding stock of the Company.  As result of this share purchase transaction, Chin Yung Kong and Anyuan Sun became the controlling shareholders of the Company. The liabilities of $187,350 of the Company prior to September 21, 2012 have been settled by the Company resulting in a $17,310 gain.

 

On October 11, 2012, we changed our name to China Xibolun Technology Holdings Corporation.

 

On July, 30, 2015, we changed our name to Borneo Industrial Fishery Corp Inc.

 

Basis of presentation

 

The accompanying financial statements of Borneo Industrial Fishery Corp Inc. (Formerly known as “China Xibolun Technology Holdings Corporation”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”).