SW China Imports, Inc. Form 10-Q (9-30-13)

0001516559-13-000033.txt : 20131028 0001516559-13-000033.hdr.sgml : 20131028 20131028145931 ACCESSION NUMBER: 0001516559-13-000033 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 9 CONFORMED PERIOD OF REPORT: 20130930 FILED AS OF DATE: 20131028 DATE AS OF CHANGE: 20131028 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SW China Imports, Inc. CENTRAL INDEX KEY: 0001516559 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-MISCELLANEOUS NONDURABLE GOODS [5190] IRS NUMBER: 450704149 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-54770 FILM NUMBER: 131172928 BUSINESS ADDRESS: STREET 1: 15800 CRABBS BRANCH WAY STREET 2: SUITE 310 CITY: ROCKVILLE STATE: MD ZIP: 20855 BUSINESS PHONE: 240-477-7738 MAIL ADDRESS: STREET 1: 15800 CRABBS BRANCH WAY STREET 2: SUITE 310 CITY: ROCKVILLE STATE: MD ZIP: 20855 10-Q 1 swci_form10q093013.htm SW CHINA IMPORTS, INC. FORM 10-Q (9-30-13) SW China Imports, Inc. Form 10-Q (9-30-13)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended: September 30, 2013

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ________ to ________

Commission File Number: 333-173873

SW China Imports, Inc.

(Exact name of registrant as specified in its charter)

Nevada

(State or other jurisdiction of

incorporation or organization)

45-0704149

(I.R.S. Employer

Identification Number)

15800 Crabbs Branch Way, Ste. 310, Rockville, MD 20855

(Address of principal executive offices)

Tel: (240) 477-7738, Fax: (240) 715-9116

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports to be filed by Section 13 or Section 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes x No ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulations S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes x No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large Accelerated Filer ¨ Accelerated Filer ¨

Non-Accelerated Filer ¨ (Do not check if a smaller reporting company) Smaller Reporting Company x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).

Yes x No ¨

The number of shares outstanding of the Registrant's common stock, $0.0001 par value, as of October 25, 2013, was 210,000,000.

TABLE OF CONTENTS


Item			Page

PART I – FINANCIAL INFORMATION			4
	Item 1	Financial Statements	4
	Item 2	Management’s Discussion and Analysis of Financial Condition and Results of Operations	18
	Item 3	Quantitative and Qualitative Disclosures About Market Risk	26
	Item 4	Controls and Procedures	27

PART II – OTHER INFORMATION			28
	Item 1	Legal Proceedings	28
	Item 1A	Risk Factors	28
	Item 2	Unregistered Sales of Equity Securities and Use of Proceeds	28
	Item 3	Defaults Upon Senior Securities	28
	Item 4	Mine Safety Disclosures	28
	Item 5	Other Information	28
	Item 6	Exhibits	28
Signatures			29

Forward-Looking Statements

Certain statements made in this Quarterly Report on Form 10-Q are “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995) regarding the plans and objectives of management for future operations. Such statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements of the Registrant to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. The forward-looking statements included herein are based on current expectations that involve numerous risks and uncertainties. The Registrant’s plans and objectives are based, in part, on assumptions involving it continuing as a going concern and executing on its stated business plan and objectives. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the control of the Registrant. Although the Registrant believes its assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance the forward-looking statements included in this Quarterly Report will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Registrant or any other person that the objectives and plans of the Registrant will be achieved.

As used in this Quarterly Report, the terms "we", "us", "our", "SW China", “Registrant”, and “Issuer” refers to SW China Imports, Inc. unless the context clearly requires otherwise.

PART I – FINANICAL INFORMATION

Item 1. Financial Statements

SW CHINA IMPORTS, INC.

(A DEVELOPMENT STAGE COMPANY)

BALANCE SHEETS

(unaudited)

ASSETS


			9/30/13		12/31/12
Current assets:
	Cash and equivalents	$	2,743	$	600
			2,743		600

Total assets:		$	2,743	$	600

LIABILITIES AND STOCKHOLDERS’ (DEFICIT)


Current liabilities:
	Accounts payable	$	14,222	$	559
	Notes payable to stockholders		50,350		39,550
			64,572		40,109

	Total liabilities	$	64,572	$	40,109

Commitments and contingencies			-		-

Stockholders’ (deficit):
	Preferred stock, $0.0001 par value, 25,000,000 shares authorized; no shares issued and outstanding		-		-
	Common stock, $0.0001 par value, 250,000,000 shares authorized; 210,000,000 and 500,000,000 shares issued and outstanding, respectively		21,000		50,000
	Additional paid-in capital		59,012,867		58,954,763
	(Deficit) accumulated during the development stage		(59,095,696)		(59,044,272)

	Total stockholders’ (deficit)	$	(61,829)	$	(39,509)

Total liabilities and stockholders’ (deficit)		$	2,743	$	600

The accompanying notes to the financial statements are an integral part of these statements.

SW CHINA IMPORTS, INC.

(A DEVELOPMENT STAGE COMPANY)

STATEMENTS OF OPERATIONS

(unaudited)


											Cumulative from 2/23/11 (inception) to 9/30/13
			For the three months ended September 30,				For the nine months ended September 30,
			2013		2012		2013		2012

Revenues, net		$	1,077	$	-	$	8,148	$	-	$	8,148

Cost of revenues			-		-		178		-		178

Gross profit			1,077		-		7,970		-		7,970

Expenses:
	General and administrative		-		15		616		590		2,310
	Consulting fees		26,000		-		26,000		1,000		23,539,375
	Legal fees		7,500		15,000		22,575		24,575		131,863
	Accounting fees		1,000		1,000		5,175		4,000		15,675
	Director fees		-		-		-		-		35,400,000
	Transfer agent fees		422		457		1,924		2,905		5,651
	Total expenses		34,922		16,472		56,290		33,070		59,094,874

(Loss) from operations			(33,845)		(16,472)		(48,320)		(33,070)		(59,086,904)

Other income (expense)
	Interest expense		(1,069)		(1,234)		(3,104)		(3,012)		(8,792)
	Total other income (expense)		(1,069)		(1,234)		(3,104)		(3,012)		(8,792)

Provision for income taxes			-		-		-		-		-

Net (loss)		$	(34,914)	$	(17,706)	$	(51,424)	$	(36,082)	$	(59,095,696)

(Loss) per common share, basic and diluted		$	(0.00)	$	(0.00)	$	(0.00)	$	(0.00)

Weighted average number of common shares outstanding, basic and diluted			208,804,348		111,961,304		334,835,165		112,194,088

The accompanying notes to the financial statements are an integral part of these statements.

SW CHINA IMPORTS, INC.

(A DEVELOPMENT STAGE COMPANY)

STATEMENT OF STOCKHOLDERS’ (DEFICIT)

For the period from February 23, 2011 (inception) to September 30, 2013

(unaudited)


Description	Common Stock				Additional Paid-In Capital		Common Stock		(Deficit) Accumulated During the Development Stage		Total
Description	Shares		Amount		Additional Paid-In Capital		Subscribed		(Deficit) Accumulated During the Development Stage		Total

Balance, February 23, 2011 (inception)	-	$	-	$	-	$	-	$	-	$	-

Issuance of common shares to directors (founder’s shares)	100,000,000		10,000		(10,000)		-		-		-

Issuance of common shares to consultants	10,000,000		1,000		99,000		-		-		100,000

Issuance of common shares for cash	1,570,000		157		15,543		-		-		15,700

Imputed interest on related party loan	-		-		1,629		-		-		1,629

Net (loss) for the period	-		-		-		-		(138,206)		(138,206)

Balance, December 31, 2011	111,570,000	$	11,157	$	106,172	$	-	$	(138,206)	$	(20,877)

The accompanying notes to the financial statements are an integral part of these statements.

SW CHINA IMPORTS, INC.

(A DEVELOPMENT STAGE COMPANY)

STATEMENT OF STOCKHOLDERS’ (DEFICIT)

For the period from February 23, 2011 (inception) to September 30, 2013

(unaudited)

(continued)


Description	Common Stock				Additional Paid-In Capital		Common Stock		(Deficit) Accumulated During the Development Stage		Total
Description	Shares		Amount		Additional Paid-In Capital		Subscribed		(Deficit) Accumulated During the Development Stage		Total

Balance, December 31, 2011	111,570,000	$	11,157	$	106,172	$	-	$	(138,206)	$	(20,877)

Issuance of common shares to officers	236,000,000		23,600		35,376,400		-		-		35,400,000

Issuance of common shares for retiring convertible note	1,007,500		101		20,049		-		-		20,150

Issuance of common shares to consultants	156,422,500		15,642		23,447,733		-		-		23,463,375

Rescinding of consulting agreement	(5,000,000)		(500)		500		-		-		-

Imputed interest on related party loan	-		-		3,909		-		-		3,909

Net (loss) for the period	-		-		-		-		(58,906,066)		(58,906,066)

Balance, December 31, 2012	500,000,000	$	50,000	$	58,954,763	$	-	$	(59,044,272)	$	(39,509)

The accompanying notes to the financial statements are an integral part of these statements.

SW CHINA IMPORTS, INC.

(A DEVELOPMENT STAGE COMPANY)

STATEMENT OF STOCKHOLDERS’ (DEFICIT)

For the period from February 23, 2011 (inception) to September 30, 2013

(unaudited)

(continued)


Balance, December 31, 2012	500,000,000	$	50,000	$	58,954,763	$	-	$	(59,044,272)	$	(39,509)

Cancellation of shares of common stock	(300,000,000)		(30,000)		30,000		-		-		-

Issuance of shares of common stock to consultant	10,000,000		1,000		25,000		-		-		26,000

Imputed interest on related party loan	-		-		3,104		-		-		3,104

Net (loss) for the period	-		-		-		-		(51,424)		(51,424)

Balance, September 30, 2013	210,000,000	$	21,000	$	59,012,867	$	-	$	(59,095,696)	$	(61,829)

The accompanying notes to the financial statements are an integral part of these statements.

SW CHINA IMPORTS, INC.

(A DEVELOPMENT STAGE COMPANY)

STATEMENTS OF CASH FLOWS

(unaudited)


				For the nine months ended September 30,				Cumulative from 2/23/11 (inception) to 9/30/13
				2013		2012		Cumulative from 2/23/11 (inception) to 9/30/13
Cash flows from operating activities:
	Net (loss)		$	(51,424)	$	(36,082)	$	(59,095,696)
	Adjustments to reconcile net (loss) to net cash (used in) operating activities
		Common stock issued in connection with services provided by consultants		26,000		-		23,589,375
		Common stock issued to officers		-		-		35,400,000
		Imputed interest on related party loan		3,104		2,958		8,792
	Changes in operating assets and liabilities:
		(Increase) decrease in accounts receivable		-		184		-
		Increase (decrease) in accounts payable		13,663		54		14,222

	Net cash (used) in operating activities			(8,657)		(32,886)		(83,307)

Cash flows from financing activities:
	Increase in notes payable to a stockholder			15,800		37,100		70,350
	Decrease in notes payable to a stockholder			(5,000)		(15,000)		(20,000)
	Borrowings on debt			-		-		20,000
	Proceeds from issuance of common stock			-		-		15,700

	Net cash provided by financing activities			10,800		22,100		86,050

Net increase (decrease) in cash				2,143		(10,789)		2,743

Cash – beginning of period				600		14,773		-

Cash – end of period			$	2,743	$	3,987	$	2,743

The accompanying notes to the financial statements are an integral part of these statements.

SW CHINA IMPORTS, INC.

(A DEVELOPMENT STAGE COMPANY)

STATEMENTS OF CASH FLOWS

(unaudited)

(continued)


				For the nine months ended September 30,				Cumulative from 2/23/11 (inception) to 9/30/13
				2013		2012		Cumulative from 2/23/11 (inception) to 9/30/13
Non-cash investing and financing activities:
	Issuance of common shares to directors (founder’s shares)		$	-	$	-	$	10,000
	Conversion of note payable into common stock			-		-		20,150
	Rescinding of common shares			-		-		500
	Cancellation of common shares			(30,000)		-		(30,000)

Supplemental disclosure of cash flow information:
	Cash paid during the period for:
		Interest	$	-	$	-	$	-

		Income taxes	$	-	$	-	$	-

The accompanying notes to the financial statements are an integral part of these statements.

SW CHINA IMPORTS, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO FINANCIAL STATEMENTS

September 30, 2013

(unaudited)

NOTE 1 – Summary of Significant Accounting Policies

Unaudited Interim Financial Information

The accompanying Balance Sheet as of September 30, 2013, Statements of Operations for the three months ended September 30, 2013 and 2012, for the nine months ended September 30, 2013 and 2012, and cumulative from February 23, 2011 (Inception) to September 30, 2013, Statement of Stockholder’s (Deficit) for the cumulative period from February 23, 2011 (Inception) to September 30, 2013, and the Statements of Cash Flows for the nine months ended September 30, 2013 and 2012, and cumulative from February 23, 2011 (Inception) to September 30, 2013, are unaudited. These unaudited interim financial statements have been prepared in accordance with accounting principles accepted in the United States of America (“GAAP”). In the opinion of the company’s management, the unaudited interim financial statements have been prepared on the same basis as the audited financial statements and included all adjustments necessary for the fair presentation of the Company’s statement of financial position at September 30, 2013 and its results of operations and its cash flows for the period ended September 30, 2013 and cumulative from February 23, 2011 (inception) to September 30, 2013. The results for the period ended September 30, 2013 are not necessarily indicative of the results to be expected for the fiscal year ending December 31, 2013.

Organization

SW China Imports, Inc. (“Company” or “SW China Imports”) is a development stage company with minimal operations. SW China Imports was incorporated under the laws of the State of Nevada on February 23, 2011. The Company’s business plan calls for the Company to import high-end handmade lace wigs and hairpieces, as well as other beauty supplies and products, manufactured in China and South Korea into the United States. SW China Imports intends to sell these products in bulk to beauty supply stores, hair salons, and independent hair stylists. SW China Imports also intends to sell its products directly to the retail consumer via the Internet.

Basis of Presentation

The accompanying financial statements have been prepared in accordance with United States Generally Accepted Accounting Principles (US GAAP) for financial information and in accordance with the Securities and Exchange Commission’s (SEC) Regulation S-X. They reflect all adjustments which are, in the opinion of the Company’s management, necessary for a fair presentation of the financial position and operating results as of and for the period ended September 30, 2013 and for the period February 23, 2011 (inception) to September 30, 2013.

Use of Estimates

The accompanying financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America. Because a precise determination of many assets and liabilities is dependent upon future events, the preparation of financial statements for a period necessarily involves the use of estimates which have been made using careful judgment. Actual results may vary from these estimates.

Cash and Cash Equivalents

For purposes of the statement of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents. As of September 30, 2013 and December 31, 2012, the Company had no cash equivalents.

Investments

The Company accounts for its marketable securities, which are classified as trading securities, in accordance with generally accepted accounting principles for certain investments in debt and equity securities, which requires that trading securities be carried at fair value. Unrealized gains and losses due to changes in fair value as well as realized gains and losses resulting from sales of securities are reported as Other Income/Expenses in the statement of operations. Fair value of the securities is based upon quoted market prices in active markets or estimated fair value when quoted market prices are not available. The cost basis for realized gains and losses is determined on a specific identification basis. As of September 30, 2013 and December 31, 2012 the Company had no investments.

Fair Value of Financial Instruments

ASC 820, “Fair Value Measurements” and ASC 825, Financial Instruments, requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. It establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. It prioritizes the inputs into three levels that may be used to measure fair value:


Level		Description

Level 1		Applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.
Level 2		Applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.
Level 3		Applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

The estimated fair values of the Company’s financial instruments as of September 30, 2013 are as follows:


		Fair Value Measurement at September 30, 2013 Using:

Description			9/30/13		Quoted Prices In Active Markets For Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
	Cash and equivalents	$	2,743	$	2,743	$	-	$	-
		$	2,743	$	2,743	$	-	$	-

Liabilities
	Accounts payable	$	14,222	$	14,222	$	-	$	-
	Note payable to stockholder		50,350		50,350		-		-
		$	64,572	$	64,572	$	-	$	-

The estimated fair values of the Company’s financial instruments as of December 31, 2012 are as follows:


		Fair Value Measurement at December 31, 2012 Using:

Description			12/31/12		Quoted Prices In Active Markets For Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
	Cash and equivalents	$	600	$	600	$	-	$	-
		$	600	$	600	$	-	$	-

Liabilities
	Accounts payable	$	559	$	559	$	-	$	-
	Note payable to stockholder		39,550		39,550		-		-
		$	40,109	$	40,109	$	-	$	-

Net Loss per Share Calculation

Basic net loss per common share is computed by dividing the net loss attributable to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted earnings per shares is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. During the period ended September 30, 2013 and cumulative from February 23, 2011 (inception) to September 30, 2013 the Company had no dilutive financial instruments issued or outstanding.

Income Taxes

The Company accounts for income taxes pursuant to FASB ASC 740, Income Taxes. Under FASB ASC 740-10-25, deferred tax assets and liabilities are determined based on temporary differences between the bases of certain assets and liabilities for income tax and financial reporting purposes. The deferred tax assets and liabilities are classified according to the financial statement classification of the assets and liabilities generating the differences.

The Company maintains a valuation allowance with respect to deferred tax assets. SW China Imports establishes a valuation allowance based upon the potential likelihood of realizing the deferred tax asset and taking into consideration the Company’s financial position and results of operations for the current period. Future realization of the deferred tax benefit depends on the existence of sufficient taxable income within the carryforward period under the Federal tax laws.

Changes in circumstances, such as the Company generating taxable income, could cause a change in judgment about its ability to realize the related deferred tax asset. Any change in the valuation allowance will be included in income in the year of the change in estimate.

Fiscal Year

The Company elected December 31st for its fiscal year end.

NOTE 2 – Development Stage Activities and Going Concern

The Company is in the development stage and has minimal operations, and as such has devoted most of its efforts since its inception to developing its business plan, issuing common stock, attempting to raise capital, establishing its accounting systems and other administrative functions. The Company plans on importing high-end handmade lace wigs and hairpieces manufactured in China and South Korea into the United States. After import, the Company intends to sell its products in bulk to beauty supply stores, hair salons, and independent hair stylists. The Company also intends to sell its products directly

to the retail consumer via the Internet. Additionally, the Company intends to conduct additional capital formation activities through the issuance of its common stock to achieve these long-term business growth strategies.

While management of the Company believes that SW China Imports will be successful in its planned operating activities under its business plan and capital formation activities, there can be no assurance that it will be able to successfully execute on either of these or that it will be able to generate adequate revenues to earn a profit or sustain its operations.

The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United State of America, which contemplate continuation of the Company as a going concern. The Company has not established a source of revenues sufficient to cover its operating costs, and as such, has incurred an operating loss since its inception. Further, as of September 30, 2013, the Company had a working capital deficiency of ($59,095,696). These and other factors raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments or classifications that may result from the possible inability of the Company to continue as a going concern.

NOTE 3 – Common Stock

The total number of common shares authorized that may be issued by the Company is 250,000,000 shares with a par value of $0.0001 per share.

During the period February 23, 2011 (inception) to September 30, 2013 the Company issued an aggregate of 516,000,000 shares as follows:


Date of Issue	Description of Issuance	Shares Issued

2/23/11	Issuance of Founder’s Shares to original officers and directors	100,000,000
2/23/11	Issuance of common stock to consultants (non-related) for assistance with early stage development services. These shares were valued at $100,000, or $0.01 per share, based on the value of the services provided	10,000,000
10/27/11	Sale of shares to investors in an offering of the Company’s common stock for $15,700 in cash, or $0.01 a share.	1,570,000
2/22/12	Subscribed shares by an investor. These shares were priced at $0.01 per share, or an aggregate of $10,000.	1,000,000
11/27/12	Shares issued to retire an outstanding convertible promissory note with M-Stocks, LLC aggregating $20,150 in principal and accrued interest at a fixed price of $0.02 a share	1,007,500
11/27/12	Shares issued to the Company’s directors valued at $35,376,400, or $0.15 a share, which was the closing price of the Company’s stock as reported by the OTC Bulletin Board on the date of issue	236,000,000
11/27/12	Shares issued to consultants valued at $23,463,375, or $0.15 a share, which was the closing price of the Company’s stock as reported by the OTC Bulletin Board on the date of issue	156,422,500
7/11/13	Shares issued to a consultant valued at $26,000, or $0.0026 a share, which was the closing price of the Company’s stock as reported by the OTC Bulletin Board on the date of issue	10,000,000
	Aggregate shares issued	516,000,000

During the period February 23, 2011 (inception) to September 30, 2013 the Company cancelled an aggregate of 306,000,000 split adjusted shares of its common stock as follows:


Date of Cancellation	Description of Cancellation	Shares Cancelled

8/6/12	After making numerous attempts to collect cash due for subscribed stock, the Company cancelled and returned to its treasury subscribed shares of common stock	1,000,000
10/27/12	The Company and Arctic Eyes, LLC mutually agreed to rescind their February 23, 2011 Consulting Agreement. Arctic Eyes returned the shares it was holding which were subsequently cancelled by the Company.	5,000,000
4/30/13	Certain shareholders of the Company returned shares of the Company’s common stock for cancellation and return to treasury	300,000,000
	Aggregate shares cancelled	306,000,000

As of September 30, 2013, the Company had 210,000,000 shares of its common stock issued and outstanding.

NOTE 4 – Preferred Stock

The total number of preferred shares authorized that may be issued by the Company is 25,000,000 shares with a par value of $0.0001 per share.

As of September 30, 2013, the Company had no shares of its preferred stock issued and outstanding.

NOTE 5 – Income Taxes

The provision (benefit) for income taxes for the period from February 23, 2011 (inception) to September 30, 2013 was as follows, assuming a 35 percent effective tax rate:


				For the nine months ended 9/30/13		For the period February 23, 2011 (inception) to 9/30/13
Current tax provision:
	Federal
		Taxable income	$	-	$

		Total current tax provision	$	-	$

Deferred tax provision:
	Federal
		Loss carryforwards	$	8,898	$	51,635
		Change in valuation allowance		(8,898)		(51,635)

		Total deferred tax provision	$	-	$	-

As of September 30, 2013, the Company had approximately $147,529 in tax loss carryforwards that can be utilized in future periods to reduce taxable income through 2032.

The Company provided a valuation allowance equal to the deferred income tax assets for the period from February 23, 2011 (inception) to September 30, 2013 because it is not presently known whether future taxable income will be sufficient to utilize the tax loss carryforwards.

The Company has no uncertain tax positions.

NOTE 6 – Related Party Transactions

As of September 30, 2013, the Company operated out of office space that is being provided to us by our former treasurer and secretary, Jae Hwang, free of charge. There is no written agreement or other material terms relating to this arrangement.

For the period February 23, 2011 (inception) to September 30, 2013 the Company’s rent expense was zero. This is because of the short time period and the minimal level of operating activities that have transpired during this period of time.

As of September 30, 2013, the Company had notes payable to a related party stockholder in the amount of $50,350. These notes are payable on demand and are non-interest bearing. As of September 30, 2013 these notes had accrued $8,792 in imputed interest that has been recorded in the financial statements as additional paid-in capital. During the three months ended September 30, 2013 these notes accrued $1,069 in imputed interest.

NOTE 7 – Recent Accounting Pronouncements

In December 2011, the FASB issued ASU 2011-12, “Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05. This update defers the requirement to present items that are reclassified from accumulated other comprehensive income to net income in both the statement of income where net income is presented and the statement where other comprehensive income is presented. The adoption of ASU 2011-12 has not had a material impact on the Company’s financial position or results of operations.

In December 2011, the FASB issued ASU No. 2011-11 “Balance Sheet: Disclosures about Offsetting Assets and Liabilities” (“ASU 2011-11”). This Update requires an entity to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. The objective of this disclosure is to facilitate comparison between those entities that prepare their financial statements on the basis of U.S. GAAP and those entities that prepare their financial statements on the basis of IFRS. The amended guidance is effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. The adoption of ASU 2011-11 has not had a material impact on the Company’s financial position or results of operations.

In July 2012, the FASB issued ASU 2012-02, “Intangibles – Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment” in Accounting Standards Update No. 2012-02. This update amends ASU 2011-08, Intangibles – Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment and permits an entity first to assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired as a basis for determining whether it is necessary to perform the quantitative impairment test in accordance with Subtopic 350-30, Intangibles - Goodwill and Other - General Intangibles Other than Goodwill. The amendments are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted, including for annual and interim impairment tests performed as of a date before July 27, 2012, if a public entity’s financial statements for the most recent annual or interim period have not yet been issued or, for nonpublic entities, have not yet been made available for issuance. The adoption of ASU 2012-02 has not had a material impact on the Company’s financial position or results of operations.

In August 2012, the FASB issued ASU 2012-03, “Technical Amendments and Corrections to SEC Sections: Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin (SAB) No. 114, Technical Amendments Pursuant to SEC Release No. 33-9250, and Corrections Related to FASB Accounting Standards Update 2010-22 (SEC Update)” in Accounting Standards Update No. 2012-03. This update amends various SEC paragraphs pursuant to the issuance of SAB No. 114. The adoption of ASU 2012-03 has not had a material impact on the Company’s financial position or results of operations.

In October 2012, the FASB issued Accounting Standards Update ASU 2012-04, “Technical Corrections and Improvements” in Accounting Standards Update No. 2012-04. The amendments in this update cover a wide range of Topics in the Accounting Standards Codification. These amendments include technical corrections and improvements to the Accounting Standards Codification and conforming amendments related to fair value measurements. The amendments in this update will be effective for fiscal periods beginning after December 15, 2012. The adoption of ASU 2012-04 has not had a material impact on the Company’s financial position or results of operations.

In January 2013, the FASB issued ASU No. 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities, which clarifies which instruments and transactions are subject to the offsetting disclosure requirements originally established by ASU 2011-11. The new ASU addresses preparer concerns that the scope of the disclosure requirements under ASU 2011-11 was overly broad and imposed unintended costs that were not commensurate with estimated benefits to financial statement users. In choosing to narrow the scope of the offsetting disclosures, the Board determined that it could make them more operable and cost effective for preparers while still giving financial statement users sufficient information to analyze the most significant presentation differences between financial statements prepared in accordance with U.S. GAAP and those prepared under IFRSs. Like ASU 2011-11, the amendments in this update will be

effective for fiscal periods beginning on, or after January 1, 2013. The adoption of ASU 2013-01 has not had a material impact on the Company’s financial position or results of operations.

In February 2013, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, to improve the transparency of reporting these reclassifications. Other comprehensive income includes gains and losses that are initially excluded from net income for an accounting period. Those gains and losses are later reclassified out of accumulated other comprehensive income into net income. The amendments in the ASU do not change the current requirements for reporting net income or other comprehensive income in financial statements. All of the information that this ASU requires already is required to be disclosed elsewhere in the financial statements under U.S. GAAP. The new amendments will require an organization to:

Present (either on the face of the statement where net income is presented or in the notes) the effects on the line items of net income of significant amounts reclassified out of accumulated other comprehensive income - but only if the item reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period; and

Cross-reference to other disclosures currently required under U.S. GAAP for other reclassification items (that are not required under U.S. GAAP) to be reclassified directly to net income in their entirety in the same reporting period. This would be the case when a portion of the amount reclassified out of accumulated other comprehensive income is initially transferred to a balance sheet account (e.g., inventory for pension-related amounts) instead of directly to income or expense.

The amendments apply to all public and private companies that report items of other comprehensive income. Public companies are required to comply with these amendments for all reporting periods (interim and annual). The amendments are effective for reporting periods beginning after December 15, 2012, for public companies. Early adoption is permitted. The adoption of ASU No. 2013-02 has not had a material impact on the Company’s financial position or results of operations.

The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial statements.

NOTE 8 – Subsequent Events

No other material events or transactions have occurred during this subsequent event reporting period which required recognition or disclosure in the financial statements.

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

We are a development stage corporation with limited operations. Our independent registered public accounting firm has issued a going concern opinion in their audit report dated February 11, 2013, which can be found in our Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on February 11, 2013. This means that our auditors believe there is substantial doubt that we can continue as an on-going business for the next 12 months. Accordingly, we must raise additional cash to sustain our limited operations.

We presently are exploring other such sources of funding, including raising funds through a second public offering, a private placement of securities, or loans. If we are unable to raise this additional funding, we will either have to suspend operations until we do raise the cash or cease operations entirely.

The following discussion should be read in conjunction with our Financial Statements and the notes thereto and the other information included in this Quarterly Report as filed with the SEC on Form 10-Q.

Limited Operating History; Need for Additional Capital

There is limited historical financial information about us upon which to base an evaluation of our performance. We remain in the start-up stage of operations and have only begun to generate nominal revenue. We cannot guarantee that we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources and possible cost overruns, such as increases in marketing costs, increases in administration expenditures associated with daily operations, increases in accounting and audit fees, and increases in legal fees related to filings and regulatory compliance.

To become profitable and competitive, we need to be able to purchase a broad inventory of high-end handmade wigs and hairpieces and commence selling our products through beauty supply stores, hair salons, independent hair stylists, and directly to the retail consumer via the Internet. We anticipate relying on equity sales of our common stock in order to continue to fund our business operations until we are able to generate sufficient revenues to cover our operating expenses, which may never happen. Issuances of additional shares will result in dilution to our then existing stockholders. There is no assurance that we will be able to make any additional sales of our equity securities or arrange for debt or other financing to fund our planned business activities. We may also rely on loans from our directors. However, there are no assurances that our directors will provide us with any additional funds.

Currently, we do not have any arrangements for additional financing. We have no assurance that future financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue, develop, or expand our operations. Equity financing could result in additional dilution to existing shareholders.

Status as a Shell Company

As of September 30, 2013, because we have nominal operations and minimal assets, we are considered to be a shell company under the Securities Exchange Act of 1934, as amended. Because we are considered a shell company, the securities sold in previous offerings can only be resold through (i) registration under the Securities Act of 1933, as amended (“Securities Act”), (ii) Section 4(1) of the Securities Act, if available, for non-affiliates, or (iii) by meeting the conditions of Rule 144(i) of the Securities Act.

Plan of Operations

We plan to import high-end handmade lace wigs and hairpieces manufactured overseas, as well as other beauty supplies and accessories, into the United States. We intend to sell our products in bulk to beauty supply stores, hair salons, and independent hair stylists. We will also offer our products directly to the retail consumer via the Internet.

It is important to note that we are a development stage business with minimal business activity. As of September 30, 2013 we have imported a limited number of lace wigs and hairpieces. Further, we do not have any formal agreements in place with any beauty supply stores, hair salons or independent hair stylists. Our discussions with potential distributors have been limited solely to exploratory talks until we can demonstrate our ability to procure and deliver our products in a timely manner and in sufficient quantities.

Products and Services

We intend to import high-end handmade lace wigs and hairpieces manufactured overseas, as well as other beauty supplies and accessories, into the United States. These wigs and hairpieces will initially be sold in the greater Washington, D.C. metropolitan area through beauty supply stores, hair salons and independent hair stylists; nationwide will sell them directly to the consumer through our website www.swchinaimports.com, which is currently under development.

We will also be offering free training to our future network of beauty supply stores, hair salons and independent hair stylists. This training will include general education about lace wigs, how to apply the lace wig on their clients’ head correctly, and how to properly care for the lace wig. The planned training courses will be offered through interactive on-line classes and prerecorded DVDs.

Lace Wigs and Hairpieces

The lace wigs and hairpieces we will be importing from China and South Korea will primarily be made from human hair and will be fully customizable. Our customers will be able to choose the style, color, length, size, density and texture of each wig or hairpiece. The wigs and hairpieces will be made by hand-tying the human hair into a lace sheet in a manner so that when it is properly attached to the customer’s head it will create an invisible hairline.

Future Products

Once we are successful in securing reliable and price competitive sources of high-end handmade wigs and hairpieces and develop a sizeable network of beauty supply stores, hair salons, and independent hair stylists, we intend to expand our product line to include a comprehensive high-end line of hair extensions as well as complementary shampoos and conditioners specially formulated for wigs and hairpieces.

Proposed Milestones to Implement Business Operations

The following milestones are based on estimates made by our management team. The working capital requirements and the projected milestones are approximations and are subject to adjustments. Our initial baseline budget is based on our internal projections on minimal capital needs of $125,000 over the next 12 months. Presently we are seeking sources of financing to commence execution of our business plan. There is no assurance that we will be able to secure this financing, or if available, on terms that will be acceptable to us.

We estimate generating sustainable revenues approximately nine to ten months following receipt of adequate funding. We plan to complete our milestones as follows:

0 - 2 Months

We will establish a formal relationship with a quality manufacturer of custom handmade lace wigs and hairpieces in either China or South Korea. Our initial inventory purchase order will be for approximately $50,000 in product. In order to minimize our start-up costs during this period, our former treasurer and secretary, Jae Hwang, has agreed to allow us to continue using a portion of his personal offices as our corporate headquarters until we receive our initial inventory and are required to lease warehouse space.

3 – 5 Months

While our initial inventory purchase order is being fulfilled and shipped to us via container ship, we will start formalizing reseller relationships with beauty supply stores, hair salons, and independent hair stylists throughout the greater Washington, D.C. metropolitan area. Concurrently, we will complete the development of our beta website (www.swchinaimports.com) to enable on-line purchases of our handmade wigs and hairpieces; the website will not go “live” until our inventory has been received and is ready for shipment to the retail consumer. We anticipate spending approximately $20,000 to accomplish these milestones ($15,000 on purchasing computers, servers and furthering the website development, and $5,000 in general expenses associated with securing reseller relationships).

6 - 8 Months

We will enter into a lease for a small office/warehouse space (~2,000 square feet) in Washington, D.C. and receive our initial inventory of handmade wigs and hairpieces. Simultaneously we will hire our first outside employee who will be an

experienced salesperson in the hair goods industry. Our salesperson’s focus will be on selling our handmade wigs and hairpieces to local beauty supply stores, hair salons, and independent hair stylists. We estimate that these activities will cost us an aggregate of approximately $15,000.

9 - 10 Months

We anticipate we will start generating our first revenue around this time frame. With the generation of initial sales we will hire a part-time (initially) warehouse employee to assist with order fulfillment.

Further, we will embark on a small sales and marketing campaign aimed at building our brand and boosting general awareness of our products. These activities will include Internet efforts aimed at directing web traffic to our website (www.swchinaimports.com) and in-store displays and promotions.

We estimate that these activities will cost an aggregate of approximately $20,000.

11 - 12 Months

We anticipate we will need to place another purchase order with our selected manufacturer of handmade wigs and hairpieces in order to maintain a sufficient level of inventory. This purchase order will be similar to the initial order and should be for approximately $50,000.

Note: The amounts allocated to each line item in the above milestones are subject to change without notice. Our planned milestones are based on the estimated amount of time to complete each milestone following receipt of adequate funding. Any line item amounts not expended completely as detailed in the milestones above shall be held in reserve as working capital and subject to reallocation as required for ongoing operations.

Long-Term Plan (5 Years)

Over the ensuing five years our growth and expansion efforts will include:

Increasing the number of salespersons and warehouse personnel;

Expanding the size of our warehouse(s);

Expanding into new territories, including Philadelphia, New York and Boston;

Formalizing relationships with additional manufacturers in China and South Korea capable of providing us with high-end handmade wigs and hairpieces to insure that we maintain a stable and cost competitive level of inventory;

Adding new and innovative products, including a comprehensive high-end line of hair extensions as well as complementary shampoos and conditioners specially formulated for wigs and hairpieces.

We estimate that we will need to raise up to an additional $3 million over the next five years to build-up our inventory levels and achieve the foregoing.

Results of Operations

Three Months Ended September 30, 2013 and 2012

Revenues. We generated $1,077 in revenue during the three months ended September 30, 2013 and $-0- for the same period a year ago. This revenue was derived solely from design consulting services.

Gross Profit. Our gross profit was $1,077 during the three months ended September 30, 2013 and $-0- for the same period a year ago.

Operating Expenses. Our total operating expenses for the three months ended September 30, 2013 were $34,922, which is a $18,450, or 112.0%, increase compared to operating expenses of $16,472 for the same period a year ago. Our operating expenses were primarily attributable to costs related to our ongoing SEC reporting requirements, which have consisted primarily of legal, accounting and outside consulting fees.

Income (Loss) From Operations. We had a loss from operations of ($33,845) for the three months ended September 30, 2013 compared to an operating loss of ($16,472) for the same period a year ago, which represented a $17,373, or 105.5%, increase in operating loss.

Other income (expenses). During the three months ended September 30, 2013 we recorded ($1,069) in other expenses compared to ($1,234) for the same period a year ago, which represents a decrease of ($165), or (13.4%). These other expenses were comprised entirely of imputed interest expenses related to notes outstanding payable to a related party. The imputed interest was recorded in our financial statements under additional paid-in capital.

Net Income (Loss). We had a net loss of ($34,914) for the three months ended September 30, 2013 compared to a net loss of ($17,706) for the same period a year ago, which represented an increase of $17,208, or 97.2%, in net loss. The increase in net loss was the result of increases in expenses directly related to maintaining our financial reporting compliance with the SEC.

Nine Months Ended September 30, 2013 and 2012

Revenues. We generated $8,148 in revenue during the nine months ended September 30, 2013 and $-0- for the same period a year ago. This revenue was derived from selling $260 in products and $7,888 in design consulting services.

Cost of Revenues. Our cost of revenues was $178 during the nine months ended September 30, 2013 and $-0- for the same period a year ago.

Gross Profit. Our gross profit was $7,970 during the nine months ended September 30, 2013 and $-0- for the same period a year ago. Excluding revenue and gross profits generated from design consulting services, our gross profit for product sales was $82, which represents a gross profit margin of 46.1%.

Operating Expenses. Our total operating expenses for the nine months ended September 30, 2013 were $56,290, which is an increase of $23,220, or 70.2%, compared to operating expenses of $33,070 for the same period a year ago. Our operating expenses were primarily attributable to costs related to our ongoing SEC reporting requirements, which have consisted primarily of legal, accounting and outside consulting fees.

Income (Loss) From Operations. We had a loss from operations of ($48,320) for the nine months ended September 30, 2013 compared to an operating loss of ($33,070) for the same period a year ago, which represented an increase of $15,250, or 46,1%, in operating loss.

Other income (expenses). During the nine months ended September 30, 2013 we recorded ($3,104) in other expenses compared to ($3,012) for the same period a year ago, which represents an increase of $92, or 3.1%. These other expenses were comprised entirely of imputed interest expenses related to notes outstanding payable to a related party. The imputed interest was recorded in our financial statements under additional paid-in capital.

Net Income (Loss). We had a net loss of ($51,424) for the nine months ended September 30, 2013 compared to a net loss of ($36,082) for the same period a year ago, which represented an increase of $15,342, or 42.5%, in net loss. The increase in net loss was the result of us generating initial revenues which offset the increase in expenses related to maintaining our financial reporting compliance with the SEC.

Cumulative During the Development Stage – February 23, 2011 (inception) through September 30, 2013

For ease of reading we refer to the period of February 23, 2011 (inception) through September 30, 2013 as the “Developmental Period”.

Revenues. We have generated $8,148 in revenue during the Developmental Period. This revenue was derived from selling $260 in products and $7,888 in design consulting services.

Cost of Revenues. Our cost of revenues was $178 during the Developmental Period.

Gross Profit. Our gross profit was $7,970 during the Developmental Period. Excluding revenue and gross profits generated from design consulting services, our gross profit for product sales was $82, which represents a gross profit margin of 46.1%.

Operating Expenses. Our total operating expenses for the Developmental Period were $59,094,874. These operating expenses were primarily attributable to organizational costs related to our formation, an early offering of our common stock, complying with our ongoing SEC reporting requirements, obtaining a listing on the OTC Bulletin Board, applying for DTC Eligibility, and issuing shares of our common stock to our officers – current and former – and outside consultants. These expenses have consisted primarily of legal, accounting, and outside consulting fees.

Loss From Operations. We have incurred an operating loss of ($59,086,904) during the Developmental Period. The operating loss was primarily attributable to organizational costs related to our formation, an early offering of our common stock, complying with our ongoing SEC reporting requirements, obtaining a listing on the OTC Bulletin Board, applying for DTC Eligibility, and issuing shares of our common stock to our officers – current and former – and outside consultants. These expenses have consisted primarily of legal, accounting, and outside consulting fees.

Other income (expenses). During the Developmental Period we recorded ($8,792) in other expenses, which was comprised entirely of imputed interest expenses related to notes outstanding payable to a related party. The imputed interest was recorded in our financial statements under additional paid-in capital.

Net Loss. We have incurred a net loss of ($59,095,696) during the Developmental Period. The net loss was primarily attributable to organizational costs related to our formation, an early offering of our common stock, complying with our ongoing SEC reporting requirements, obtaining a listing on the OTC Bulletin Board, applying for DTC Eligibility, and issuing shares of our common stock to our officers – current and former – and outside consultants. These expenses have consisted primarily of legal, accounting, and outside consulting fees.

Total Stockholders’ Deficit. Our stockholders’ deficit was ($61,829) as of September 30, 2013.

Liquidity and Capital Resources

As of September 30, 2013, we had total assets of $2,743 consisting entirely of cash. Our total liabilities were $64,572, which consisted of accounts payable of $14,222 and notes payable aggregating $50,350 to a related party. These are demand notes and do not bear interest. Further, we had no external credit facilities (i.e. bank loans, revolving lines of credit, etc.).

We expect to incur continued losses over the next 12 months, possibly even longer. We believe that we need at least $125,000 in additional funding to commence operations and meet our minimal working capital requirements over the next 12 months.

We are presently exploring various sources of funding, including raising funds through a secondary public offering, a private placement of our securities, or loans. Without limiting our available options, future equity financings will most likely be through the sale of additional shares of our common stock. It is possible that we could also offer warrants, options and/or rights in conjunction with any future issuances of our common stock. However, we can give no assurance that financing will be made available to us, and if made available to us, in amounts or on terms acceptable to us. If we cannot secure adequate financing, we may be forced to cease operations and you will lose your entire investment.

Going Concern Consideration

Our independent registered public accounting firm has issued a going concern opinion in their audit report dated February 11, 2013, which can be found in our Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on February 11, 2013. This means that our auditors believe there is substantial doubt that we can continue as an on-going business for the next 12 months. Our financial statements found within this Quarterly Report on Form 10-Q and the aforementioned Annual Report on Form 10-K contain additional note disclosures describing the circumstances that lead to this disclosure by our independent auditors.

Off –Balance Sheet Operations

As of September 30, 2013, we had no off-balance sheet activities or operations.

CRITICAL ACCOUNTING POLICIES

The accompanying financial statements have been prepared in accordance with United States Generally Accepted Accounting Principles (“US GAAP”) for financial information and in accordance with the Securities and Exchange Commission’s (“SEC”) Regulation S-X. They reflect all adjustments which are, in the opinion of SW China’s management, necessary for a fair presentation of the financial position and operating results as of and for the three months ended September 30, 2013 and 2012, for the nine months ended September 30, 2013 and 2012, and cumulative from March 3, 2011 (inception) to September 30, 2013.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported revenues and expenses during the reporting periods. Because of the use of estimates inherent in the financial reporting process, actual results may differ significantly from those estimates.

Cash and Cash Equivalents

For purposes of the statement of cash flows, SW China considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents. As of September 30, 2013 and December 31, 2012 we had no cash equivalents.

Fair Value of Financial Instruments


Level		Description

Level 1		Applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.
Level 2		Applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.
Level 3		Applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

[This space intentionally left blank.]

The estimated fair values of the Company’s financial instruments as of September 30, 2013 are as follows:


		Fair Value Measurement at September 30, 2013 Using:

Description			9/30/13		Quoted Prices In Active Markets For Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
	Cash and equivalents	$	2,743	$	2,743	$	-	$	-
		$	2,743	$	2,743	$	-	$	-

Liabilities
	Accounts payable	$	14,222	$	14,222	$	-	$	-
	Note payable to stockholder		50,350		50,350		-		-
		$	64,572	$	64,572	$	-	$	-

The estimated fair values of the Company’s financial instruments as of December 31, 2012 are as follows:


		Fair Value Measurement at December 31, 2012 Using:

Description			12/31/12		Quoted Prices In Active Markets For Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
	Cash and equivalents	$	600	$	600	$	-	$	-
		$	600	$	600	$	-	$	-

Liabilities
	Accounts payable	$	559	$	559	$	-	$	-
	Note payable to stockholder		39,550		39,550		-		-
		$	40,109	$	40,109	$	-	$	-

Net Loss per Share Calculation

Basic net loss per common share is computed by dividing the net loss attributable to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted earnings per shares is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. During the three and nine months ended September, 2013 and the period February 23, 2011 (inception) to September 30, 2013 we had no dilutive financial instruments issued or outstanding.

Revenue Recognition

SW China follows the guidance of FASB ASC Topic 605 for revenue recognition. In general, SW China recognizes revenue when (1) the price is fixed and determinable, (2) persuasive evidence of an arrangement exists, (3) the service has been provided, and (4) collectability is reasonably assured.

SW China generates revenue from two sources: (i) sales of its high-end handmade lace wigs and hairpieces and other beauty supplies to beauty supply stores, hair salons, independent hair stylists, and retail customers via the Internet and (ii) consulting services consisting of product and retail channel development for beauty and fashion products. Revenue from sales of its high-end handmade lace wigs, hairpieces and other beauty supplies is recognized at the time of the sale and revenues from

consulting services are recognized when the services are performed, evidence of an arrangement exists, the fee is fixed and determinable, and collectability is probable.

Income Taxes

We account for income taxes pursuant to FASB ASC 740, Income Taxes. Under FASB ASC 740-10-25, deferred tax assets and liabilities are determined based on temporary differences between the bases of certain assets and liabilities for income tax and financial reporting purposes. The deferred tax assets and liabilities are classified according to the financial statement classification of the assets and liabilities generating the differences.

We maintain a valuation allowance with respect to deferred tax assets. SW China establishes a valuation allowance based upon the potential likelihood of realizing the deferred tax asset and taking into consideration SW China’s financial position and results of operations for the current period. Future realization of the deferred tax benefit depends on the existence of sufficient taxable income within the carryforward period under the Federal tax laws.

Changes in circumstances, such as SW China generating taxable income, could cause a change in judgment about its ability to realize the related deferred tax asset. Any change in the valuation allowance will be included in income in the year of the change in estimate.

Recently Issued Accounting Pronouncements

In December 2011, the FASB issued ASU 2011-12, “Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05. This update defers the requirement to present items that are reclassified from accumulated other comprehensive income to net income in both the statement of income where net income is presented and the statement where other comprehensive income is presented. The adoption of ASU 2011-12 has not had a material impact on SW China’s financial position or results of operations.

In December 2011, the FASB issued ASU No. 2011-11 “Balance Sheet: Disclosures about Offsetting Assets and Liabilities” (“ASU 2011-11”). This Update requires an entity to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. The objective of this disclosure is to facilitate comparison between those entities that prepare their financial statements on the basis of U.S. GAAP and those entities that prepare their financial statements on the basis of IFRS. The amended guidance is effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. The adoption of ASU 2011-11 has not had a material impact on SW China’s financial position or results of operations.

In July 2012, the FASB issued ASU 2012-02, “Intangibles – Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment” in Accounting Standards Update No. 2012-02. This update amends ASU 2011-08, Intangibles – Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment and permits an entity first to assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired as a basis for determining whether it is necessary to perform the quantitative impairment test in accordance with Subtopic 350-30, Intangibles - Goodwill and Other - General Intangibles Other than Goodwill. The amendments are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted, including for annual and interim impairment tests performed as of a date before July 27, 2012, if a public entity’s financial statements for the most recent annual or interim period have not yet been issued or, for nonpublic entities, have not yet been made available for issuance. The adoption of ASU 2012-02 has not had a material impact on SW China’s financial position or results of operations.

In August 2012, the FASB issued ASU 2012-03, “Technical Amendments and Corrections to SEC Sections: Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin (SAB) No. 114, Technical Amendments Pursuant to SEC Release No. 33-9250, and Corrections Related to FASB Accounting Standards Update 2010-22 (SEC Update)” in Accounting Standards Update No. 2012-03. This update amends various SEC paragraphs pursuant to the issuance of SAB No. 114. The adoption of ASU 2012-03 has not had a material impact on SW China’s financial position or results of operations.

be effective for fiscal periods beginning after December 15, 2012. The adoption of ASU 2012-04 has not had a material impact on SW China’s financial position or results of operations.

The amendments apply to all public and private companies that report items of other comprehensive income. Public companies are required to comply with these amendments for all reporting periods (interim and annual). The amendments are effective for reporting periods beginning after December 15, 2012, for public companies. Early adoption is permitted. The adoption of ASU No. 2013-02 has not had a material impact on SW China’s financial position or results of operations.

SW China has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial statements.

Contractual Obligations

As of September 30, 2013, SW China no contractual obligations.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

Not applicable since we are a smaller reporting company.

Item 4. Controls and Procedures

Disclosure Controls and Procedures

As of the end of the period covered by this report, we conducted an evaluation under the supervision and with the participation of our sole officer and director, Seon Won, we evaluated the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) of the Exchange Act).

A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of our annual or interim financial statements will not be presented or detected on a timely basis.

Based on management’s assessment, we have concluded that, as of September 30, 2013, our disclosure controls and procedures were not effective in timely alerting management to the material information relating to us required to be included in our annual and interim filings with the SEC.

Management has concluded that our disclosure controls and procedures had the following material weaknesses:

We were unable to maintain any segregation of duties within our financial operations due to our reliance on limited personnel in the finance function. While this control deficiency has not resulted in any audit adjustments to our interim or annual financial statements, it could have resulted in a material misstatement that might have been prevented or detected by a segregation of duties;

SW China lacks sufficient resources to perform the internal audit function and does not have an Audit Committee;

We do not have an independent Board of Directors, nor do we have a board member designated as an independent financial expert to SW China. The Board of Directors is comprised of one (1) member who also serves as SW China’s sole executive officers. As a result, there is a lack of independent oversight of the management team, lack of independent review of our operating and financial results, and lack of independent review of disclosures made by SW China; and

Documentation of all proper accounting procedures is not yet complete.

These weaknesses have existed since our inception on February 23, 2011 and, as of September 30, 2013, have not been remedied.

To the extent reasonably possible given our limited resources, we intend to take measures to cure the aforementioned material weaknesses, including, but not limited to, the following:

Considering the engagement of consultants to assist in ensuring that accounting policies and procedures are consistent across the organization and that we have adequate control over financial statement disclosures;

Hiring additional qualified financial personnel, including a Chief Financial Officer, on a full-time basis;

Expanding our current board of directors to include additional independent individuals willing to perform directorial functions; and

Increasing our workforce in preparation for exiting the development stage and commencing revenue producing operations.

Since the recited remedial actions will require that we hire or engage additional personnel, these material weaknesses may not be overcome in the near-term due to our limited financial resources. Until such remedial actions can be realized, we will continue to rely on the limited advice of outside professionals and consultants.

Changes in Controls and Procedures

There have been no changes in our internal control over financial reporting that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II

Item 1. Legal Proceedings

No officer, director, or persons nominated for these positions, and no promoter or significant employee (current or former) of our corporation has been involved in legal proceedings that would be material to an evaluation of our management. We are not aware of any pending or threatened legal proceedings involving SW China Imports, Inc.

During the past ten (10) years, Seon Won has not been the subject of the following events:

Any bankruptcy petition filed by or against any business of which Mr. Won was a general partner or executive officer either at the time of the bankruptcy or within two (2) years prior to that time;

Any conviction in a criminal proceeding or being subject to a pending criminal proceeding;

An order, judgment, or decree, not subsequently reversed, suspended or vacated, or any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting Mr. Won’s involvement in any type of business, securities or banking activities; and

Found by a court of competent jurisdiction (in a civil action), the Securities and Exchange Commission or the Commodity Future Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended or vacated.

Item 1A. Risk Factors

Not applicable since we are a smaller reporting company.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item 3. Default Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not Applicable.

Item 5. Other Information

None.

Item 6. Exhibits


Exhibit Number		Description of Exhibit

3.1(1)		Articles of Incorporation
3.2(1)		Bylaws
3.3(2)		Amendment to Articles of Incorporation
31.1		Section 302 Certifications under Sarbanes-Oxley Act of 2002
32.1		Section 906 Certification under Sarbanes Oxley Act of 2002

(1)

Incorporated by our Registration Statement on Form S-1 filed May 3, 2011.

(2)

Incorporated by our Current Report on Form 8-K filed May 1, 2013.

SIGNATURES

Pursuant to the requirements of Section 13 or 15 (d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on behalf by the undersigned, thereto duly authorized on this 28th day of October, 2013.

SW CHINA IMPORTS, INC.

By:

/s/ Seon Won

Seon Won

President, Chief Executive Officer,

Principal Executive Officer, Principal

Accounting Officer, Treasurer, Secretary, and

Director

(Sole Officer and Director)

EX-31 2 swci_ex311.htm EXHIBIT 31.1 -- SEON WON CERTIFICATION Exhibit 31.1 -- Seon Won Certification

EXHIBIT 31.1

CERTIFICATION OF THE PRINICPAL EXECUTIVE OFFICER AND PRINCIPAL FINANCIAL OFFICER

Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

and Securities and Exchange Commission Release 34-46427

I, Seon Won, certify that:

I have reviewed this Quarterly Report on Form 10-Q of SW China Imports, Inc. for the interim period ended September 30, 2013;

Based on my knowledge, this report does not contain any untrue statement of material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

The Registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the Registrant’s fourth quarter in the case of an Annual Report) that has materially effected, or is reasonably likely to materially effect, the registrant’s internal control over financial reporting.

The Registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant’s auditors and the audit committee of Registrant’s board of directors (or persons performing the equivalent functions):

all significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: October 28, 2013

By:

/s/ Seon Won

Seon Won

President, Chief Executive Officer,

Principal Executive Officer, Treasurer,

Secretary, Principal Financial Officer, and Director

(Sole Officer and Director)

EX-32 3 swci_ex321.htm EXHIBIT 32.1 -- SEON WON CERTIFICATION Exhibit 32.1 -- Seon Won Certification

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of SW China Imports, Inc. (“Company”) on Form 10-Q for the interim period ended September 30, 2013 as filed with the Securities and Exchange Commission on the date hereof (“Report”), I, Seon Won, certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge and belief:

The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: October 28, 2013

By:

/s/ Seon Won

Seon Won

President, Chief Executive Officer,

Principal Executive Officer, Treasurer,

Secretary, Principal Financial Officer, and Director

(Sole Officer and Director)

EX-101.INS 4 swci-20130930.xml XBRL INSTANCE DOCUMENT 10-Q 2013-09-30 false SW China Imports, Inc. 0001516559 --12-31 210000000 86845 Smaller Reporting Company No No No 2013 Q3

NOTE 2 Development Stage Activities and Going Concern   The Company is in the development stage and has minimal operations, and as such has devoted most of its efforts since its inception to developing its business plan, issuing common stock, attempting to raise capital, establishing its accounting systems and other administrative functions.  The Company plans on importing high-end handmade lace wigs and hairpieces manufactured in China and South Korea into the United States.  After import, the Company intends to sell its products in bulk to beauty supply stores, hair salons, and independent hair stylists.  The Company also intends to sell its products directly to the retail consumer via the Internet.  Additionally, the Company intends to conduct additional capital formation activities through the issuance of its common stock to achieve these long-term business growth strategies.   While management of the Company believes that SW China Imports will be successful in its planned operating activities under its business plan and capital formation activities, there can be no assurance that it will be able to successfully execute on either of these or that it will be able to generate adequate revenues to earn a profit or sustain its operations.   The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United State of America, which contemplate continuation of the Company as a going concern.  The Company has not established a source of revenues sufficient to cover its operating costs, and as such, has incurred an operating loss since its inception.  Further, as of September 30, 2013, the Company had a working capital deficiency of ($59,095,696).  These and other factors raise substantial doubt about the Companys ability to continue as a going concern.  The accompanying financial statements do not include any adjustments or classifications that may result from the possible inability of the Company to continue as a going concern.

NOTE 4 Preferred Stock   The total number of preferred shares authorized that may be issued by the Company is 25,000,000 shares with a par value of $0.0001 per share.   As of September 30, 2013, the Company had no shares of its preferred stock issued and outstanding.

NOTE 6 Related Party Transactions   As of September 30, 2013, the Company operated out of office space that is being provided to us by our former treasurer and secretary, Jae Hwang, free of charge.  There is no written agreement or other material terms relating to this arrangement.   For the period February 23, 2011 (inception) to September 30, 2013 the Companys rent expense was zero.  This is because of the short time period and the minimal level of operating activities that have transpired during this period of time.   As of September 30, 2013, the Company had notes payable to a related party stockholder in the amount of $50,350.  These notes are payable on demand and are non-interest bearing.  As of September 30, 2013 these notes had accrued $8,792 in imputed interest that has been recorded in the financial statements as additional paid-in capital.  During the three months ended September 30, 2013 these notes accrued $1,069 in imputed interest.

NOTE 8 Subsequent Events   No other material events or transactions have occurred during this subsequent event reporting period which required recognition or disclosure in the financial statements.

Unaudited Interim Financial Information   The accompanying Balance Sheet as of September 30, 2013, Statements of Operations for the three months ended September 30, 2013 and 2012, for the nine months ended September 30, 2013 and 2012, and cumulative from February 23, 2011 (Inception) to September 30, 2013, Statement of Stockholders (Deficit) for the cumulative period from February 23, 2011 (Inception) to September 30, 2013, and the Statements of Cash Flows for the nine months ended September 30, 2013 and 2012, and cumulative from February 23, 2011 (Inception) to September 30, 2013, are unaudited.  These unaudited interim financial statements have been prepared in accordance with accounting principles accepted in the United States of America (GAAP).  In the opinion of the companys management, the unaudited interim financial statements have been prepared on the same basis as the audited financial statements and included all adjustments necessary for the fair presentation of the Companys statement of financial position at September 30, 2013 and its results of operations and its cash flows for the period ended September 30, 2013 and cumulative from February 23, 2011 (inception) to September 30, 2013.  The results for the period ended September 30, 2013 are not necessarily indicative of the results to be expected for the fiscal year ending December 31, 2013.

Organization   SW China Imports, Inc. (Company or SW China Imports) is a development stage company with minimal operations.  SW China Imports was incorporated under the laws of the State of Nevada on February 23, 2011.  The Companys business plan calls for the Company to import high-end handmade lace wigs and hairpieces, as well as other beauty supplies and products, manufactured in China and South Korea into the United States.  SW China Imports intends to sell these products in bulk to beauty supply stores, hair salons, and independent hair stylists.  SW China Imports also intends to sell its products directly to the retail consumer via the Internet.

Basis of Presentation   The accompanying financial statements have been prepared in accordance with United States Generally Accepted Accounting Principles (US GAAP) for financial information and in accordance with the Securities and Exchange Commissions (SEC) Regulation S-X.  They reflect all adjustments which are, in the opinion of the Companys management, necessary for a fair presentation of the financial position and operating results as of and for the period ended September 30, 2013 and for the period February 23, 2011 (inception) to September 30, 2013.

Use of Estimates   The accompanying financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America.  Because a precise determination of many assets and liabilities is dependent upon future events, the preparation of financial statements for a period necessarily involves the use of estimates which have been made using careful judgment.  Actual results may vary from these estimates.

Cash and Cash Equivalents   For purposes of the statement of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents.  As of September 30, 2013 and December 31, 2012, the Company had no cash equivalents.

Investments   The Company accounts for its marketable securities, which are classified as trading securities, in accordance with generally accepted accounting principles for certain investments in debt and equity securities, which requires that trading securities be carried at fair value.  Unrealized gains and losses due to changes in fair value as well as realized gains and losses resulting from sales of securities are reported as Other Income/Expenses in the statement of operations.  Fair value of the securities is based upon quoted market prices in active markets or estimated fair value when quoted market prices are not available.  The cost basis for realized gains and losses is determined on a specific identification basis.  As of September 30, 2013 and December 31, 2012 the Company had no investments.

Net Loss per Share Calculation   Basic net loss per common share is computed by dividing the net loss attributable to common stockholders by the weighted-average number of common shares outstanding for the period.   Diluted earnings per shares is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive.  During the period ended September 30, 2013 and cumulative from February 23, 2011 (inception) to September 30, 2013 the Company had no dilutive financial instruments issued or outstanding.

Income Taxes   The Company accounts for income taxes pursuant to FASB ASC 740, Income Taxes.  Under FASB ASC 740-10-25, deferred tax assets and liabilities are determined based on temporary differences between the bases of certain assets and liabilities for income tax and financial reporting purposes.  The deferred tax assets and liabilities are classified according to the financial statement classification of the assets and liabilities generating the differences.   The Company maintains a valuation allowance with respect to deferred tax assets.  SW China Imports establishes a valuation allowance based upon the potential likelihood of realizing the deferred tax asset and taking into consideration the Companys financial position and results of operations for the current period.  Future realization of the deferred tax benefit depends on the existence of sufficient taxable income within the carryforward period under the Federal tax laws.   Changes in circumstances, such as the Company generating taxable income, could cause a change in judgment about its ability to realize the related deferred tax asset.  Any change in the valuation allowance will be included in income in the year of the change in estimate.

Fiscal Year   The Company elected December 31st for its fiscal year end.

Note 1 - Summary of Significant Accounting Policies: Use of Estimates (Policies)	9 Months Ended
Sep. 30, 2013
Policies
Use of Estimates	Use of Estimates The accompanying financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America. Because a precise determination of many assets and liabilities is dependent upon future events, the preparation of financial statements for a period necessarily involves the use of estimates which have been made using careful judgment. Actual results may vary from these estimates.

Note 1 - Summary of Significant Accounting Policies: Use of Estimates (Policies)

9 Months Ended

Sep. 30, 2013

Policies

Use of Estimates

Statement of Shareholders' (Deficit) (USD $)	Common Stock	Additional Paid-in Capital	Retained Earnings	Total
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Feb. 22, 2011
Stock Issued During Period, Value, New Issues	$ 11,157	$ 104,543		$ 115,570
Stock Issued During Period, Shares, New Issues	111,570,000			111,570,000
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures	1,000	99,000		100,000
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures	110,000,000			110,000,000
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest			(138,206)	(138,206)
Stockholders' Equity, Period Increase (Decrease)				(20,877)
Stock Issued During Period, Shares, Period Increase (Decrease)	111,570,000			111,570,000
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Dec. 31, 2011				(20,877)
Shares, Outstanding at Dec. 31, 2011	111,570,000			111,570,000
Stock Issued During Period, Value, New Issues	101	20,049		20,150
Stock Issued During Period, Shares, New Issues	1,007,500			1,007,500
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures	39,242	58,824,133		58,863,375
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures	392,422,500			392,422,500
Stock Repurchased and Retired During Period, Value	(500)	500
Stock Repurchased and Retired During Period, Shares	5,000,000			5,000,000
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest			(58,906,066)	(58,906,066)
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs		3,909		3,909
Stockholders' Equity, Period Increase (Decrease)				(18,632)
Stock Issued During Period, Shares, Period Increase (Decrease)	388,430,000
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Dec. 31, 2012				(39,509)
Shares, Outstanding at Dec. 31, 2012	500,000,000			500,000,000
Stock Issued During Period, Value, New Issues	26,000			26,000
Stock Issued During Period, Shares, New Issues	10,000,000			10,000,000
Stock Repurchased and Retired During Period, Value	(30,000)	30,000
Stock Repurchased and Retired During Period, Shares	300,000,000			300,000,000
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest			(51,424)	(51,424)
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs		3,104		3,104
Stockholders' Equity, Period Increase (Decrease)				(22,320)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Sep. 30, 2013				$ (61,829)
Shares, Outstanding at Sep. 30, 2013	210,000,000			210,000,000

Note 1 - Summary of Significant Accounting Policies: Fair Value of Financial Instruments: Fair Value Measurement Table as of September 30, 2013 (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2012	Jan. 30, 2012
Investment Owned, at Fair Value	$ 40,109
Cash and Cash Equivalents, at Carrying Value	2,743	600	3,987	14,773
Fair Value, Inputs, Level 1
Investment Owned, at Fair Value	$ 40,109

Note 4 - Preferred Stock (Details)	Sep. 30, 2013	Dec. 31, 2012
Details
Preferred Stock, Shares Authorized	25,000,000	50,000,000

Note 5 - Income Taxes (Details) (USD $)	Sep. 30, 2013
Details
Deferred Tax Assets, Operating Loss Carryforwards	$ 147,529

Statement of Operations (USD $)	3 Months Ended		9 Months Ended		31 Months Ended
Statement of Operations (USD $)	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
Operating Income (Loss)
Revenues, net	$ 1,077		$ 8,148		$ 8,148
Cost of revenues			178		178
Expenses
General and Administrative Expense		15	616	590	2,310
Consulting Fees	26,000		26,000	1,000	23,539,375
Legal Fees	7,500	15,000	22,575	24,575	131,863
Accounting Fees	1,000	1,000	5,175	4,000	15,675
Director Fees					35,400,000
Transfer Agent Fees	422	457	1,924	2,905	5,651
Operating Income (Loss)	(33,845)	(16,472)	(48,320)	(33,070)	(59,086,904)
Other income (expense)
Interest Expense	(1,069)	(1,234)	(3,104)	(3,012)	(8,792)
Other income (expense), net	(1,069)	(1,234)	(3,104)	(3,012)	(8,792)
Net (loss)	$ (34,914)	$ (17,706)	$ (51,424)	$ (36,082)	$ (59,095,696)
Earnings Per Share
Earnings Per Share, Basic	$ 0	$ 0	$ 0	$ 0
Weighted Average Number of Shares Outstanding, Basic	208,804,348	111,961,304	334,835,165	112,194,088
Earnings Per Share, Diluted	$ 0	$ 0	$ 0	$ 0
Weighted Average Number of Shares Outstanding, Diluted	208,804,348	111,961,304	334,835,165	112,194,088

Statement of Cash Flows (USD $)	8 Months Ended	9 Months Ended	31 Months Ended
Statement of Cash Flows (USD $)	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2013
Net Cash Provided by (Used in) Operating Activities
Net (loss)	$ (36,082)	$ (51,424)	$ (59,095,696)
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities
Imputed interest on related party loan	(2,958)	(3,104)	(8,792)
Common stock issued in connection with services provided by consultants		(26,000)	(23,589,375)
Common stock issued to officers			(35,400,000)
Increase (Decrease) in Operating Liabilities
Increase (Decrease) in Accounts Payable	(54)	(13,663)	(14,222)
(Increase) Decrease in Receivables	184
Net Cash Provided by (Used in) Operating Activities	(32,886)	(8,657)	(83,307)
Net Cash Provided by (Used in) Financing Activities
Increase in notes payable to a stockholder	22,100	10,800	50,350
Proceeds from (Repayments of) Notes Payable			20,000
Proceeds from Issuance of Common Stock			15,700
Net Cash Provided by (Used in) Financing Activities	22,100	10,800	86,050
Cash and Cash Equivalents, Period Increase (Decrease)	(10,789)	2,143	2,743
Cash and Cash Equivalents, at Carrying Value	14,773	600
Cash and Cash Equivalents, at Carrying Value	$ 3,987	$ 2,743	$ 2,743

Balance Sheet (USD $)	Sep. 30, 2013	Dec. 31, 2012
Assets, Current
Cash and Cash Equivalents, at Carrying Value	$ 2,743	$ 600
Assets	2,743	600
Liabilities, Current
Accounts payable	14,222	559
Notes payable to stockholder	50,350	39,550
Stockholders' (deficit)
Common Stock, Value, Issued	21,000	50,000
Additional Paid in Capital, Common Stock	59,012,867	58,954,763
(Deficit) accumulated during the development stage	(59,095,696)	(59,044,272)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	(61,829)	(39,509)
Total liabilities and stockholders' (deficit)	2,743	600
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures
Preferred Stock, Shares Authorized	25,000,000	50,000,000
Common Stock, Shares Authorized	250,000,000	500,000,000
Common Stock, Shares Issued	210,000,000	500,000,000
Common Stock, Shares Outstanding	210,000,000	500,000,000
Common Stock, Value, Outstanding	$ 21,000	$ 50,000

Note 2 - Development Stage Activities and Going Concern (Details) (USD $)	Sep. 30, 2013
Details
Development Stage Enterprise, Deficit Accumulated During Development Stage	$ (59,095,696)

Note 6 - Related Party Transactions (Details) (USD $)	Sep. 30, 2013
Details
Notes Payable, Related Parties	$ 50,350
Unrecorded Unconditional Purchase Obligation, Imputed Interest	$ 1,069

Document and Entity Information (USD $)	9 Months Ended
Document and Entity Information (USD $)	Sep. 30, 2013	Oct. 28, 2013
Document and Entity Information:
Entity Registrant Name	SW China Imports, Inc.
Document Type	10-Q
Document Period End Date	Sep. 30, 2013
Amendment Flag	false
Entity Central Index Key	0001516559
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		210,000,000
Entity Public Float		$ 86,845
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	2013
Document Fiscal Period Focus	Q3