ARROW CARS INTERNATIONAL INC

CIK:0001559001|SEC Filings

Organization and Nature of Operations (Details Narrative) (USD $)	0 Months Ended
	Dec. 16, 2010
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Financial advisory services fees	$ 135,000
Common shares issued for financial advisory services	3,000,000

Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Operating activities:
Net income (loss)	$ (23,771)	$ (8,286)
Adjustments to reconcile net loss to cash provided by (used in) operating activities:
Depreciation	9,535	10,362
Bad debt expense (recovery)	(2,259)	12,992
Gain on sales type capital leases	(5,910)
Gain on repossession	(1,311)
Changes in assets and liabilities:
Accounts receivable	3,528	2,848
Prepayments	(6,360)
Sales-type capital lease receivable	52,107	1,070
Tax rebates receivable	(1,487)	(206)
Lease deposits		(404)
Accounts payable	9,679	9,206
Payments received in advance	23,747
Unearned interest on sales type capital lease	(4,922)	2,864
Customer security deposits	(545)	7,573
Accrued salaries	(2,336)	(4,429)
Accrued taxes	(25,915)	(18,678)
Other current liabilities		(38)
Net cash provided by (used in) operating activities	23,780	14,873
Investing activities:
Proceeds from sales-type leases of revenue earning equipment, net of car purchases	(47,155)	(50,682)
Property and Equipment		(192)
Net cash provided by (used in) investing activities	(47,155)	(50,874)
Financing activities:
Auto finance loans	(54,378)	29,363
Secured Loans	(4,851)	5,611
Lines of credit	(8,016)	38,109
Advances from related parties, net	55,454	(8,335)
Advances from third parties, net	(10,856)	3,368
Bank overdraft	(2,072)
Bank compensating balances	42,476
Net cash provided by (used in) financing activities	17,757	68,116
Effect of exchange rate changes on cash	7,560	(22,429)
Net increase (decrease) in cash	1,942	9,686
Cash, beginning of the period	3,366	6,198
Cash, end of the period	5,308	15,884
Supplementary Cash Flow Information:
Interest Paid	15,669	11,001
Income tax paid
Supplementary disclosure of non-cash Investing and Financing activities:
Repossessed cars recorded at fair value	$ 8,581

Consolidated Balance Sheets (USD $)	Mar. 31, 2014	Dec. 31, 2013
Current Assets
Cash	$ 5,308	$ 3,366
Accounts receivable - trade		3,545
Prepayments	7,499	1,138
Sales type capital lease receivables - Current	141,349	81,090
Total Current Assets	154,156	89,139
Sales type capital lease receivables, net of allowance for uncollectible accounts - Non Current	58,587	155,491
Tax rebates receivable	1,492
Lease deposits	7,289	7,296
Bank compensating balances		42,675
Total Other Assets	67,368	205,462
Revenue earning equipment - cars, net of accumulated depreciation	504,908	473,566
Property and equipment, net of accumulated depreciation	7,240	7,691
Total Fixed Assets	512,148	481,257
Total Assets	733,672	775,858
Current Liabilities
Bank Overdraft		2,081
Accounts Payable	13,155	3,455
Payment received in advance - Easy Car Leasing	50,964	27,158
Unearned interest on sales type capital leases	37,186	42,169
Lines of credit	521,487	530,071
Auto finance loans - Current	105,119	151,268
Customer security deposits on rental cars	12,199	12,758
Due to related parties	136,373	80,728
Due to third parties - Current	28,808	20,648
Accrued salaries	10,315	12,672
Accrued sales and payroll taxes payable	59,522	85,618
Secured Loans - Current	24,224
Total Current Liabilities	999,352	968,625
Long Term Liabilities
Secured loans	69,812	99,005
Auto finance loans	111,415	120,119
Due to third parties		19,098
Total Long Term liabilities	181,227	238,222
Total liabilities	1,180,579	1,206,847
Commitments and contingencies (Note 6)
Stockholders Equity (Deficit)
Common stock, $0,001 par value, 100,000,000 shares authorized, 30,450,000 and 30,450,000 shares issued and outstanding at March 31, 2014 and December 31, 2013 respectively.	30,450	30,450
Additional paid in capital	145,145	145,145
Accumulated deficit	(610,148)	(586,377)
Accumulated other comprehensive (Loss) / Gain	(12,354)	(20,207)
Total shareholders' equity (deficit)	(446,907)	(430,989)
Total Liabilities and Shareholders' Equity (Deficit)	$ 733,672	$ 775,858