UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q


[X]	QUARTERLY REPORT UNDER TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JANUARY 31, 2014

	OR

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

Commission File Number: 000-54166

MONAR INTERNATIONAL INC.

(Exact name of registrant as specified in its charter)

NEVADA

45-3116317

(State or other jurisdiction of

incorporation or organization)

(I.R.S. Employer Identification No.)

7365 Carnelian St., Suite 119

Rancho Cucamonga, CA 91730

(Address of principal executive offices, including zip code)

213-985-1213

(Registrant’s telephone number, including area code)

Indicate by check mark whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act 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 last 90 days. YES [X] NO [ ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (SS 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 [ ] NO [X]

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,” “non-accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):


Large Accelerated Filer	[ ]	Accelerated Filer	[ ]
Non-accelerated Filer	[ ]	Smaller Reporting Company	[X]
(Do not check if smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YES [X] NO [ ]

APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicated the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 239,000,000 as of March 17, 2014.

Index

Monar International Inc.

Form 10-Q for the Quarter Ended January 31, 2014

INDEX TO FINANCIAL STATEMENTS


		Page No.

	*PART I. - FINANCIAL INFORMATION*

Item 1.	Financial Statements.

	Consolidated Balance Sheets as of January 31, 2014 (Unaudited) and July 31, 2013.	4

	Consolidated Statements of Expenses for the three and six months ended January 31, 2014 and 2013 and for the period from July 6, 2009 (Inception) to January 31, 2014 (Unaudited).	5

	Consolidated Statements of Cash Flows for the six months ended January 31, 2014 and 2013 and for the period from July 6, 2009 (Inception) to January 31, 2014 (Unaudited).	6

	Notes to Consolidated Financial Statements (Unaudited).	7

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations.	10

Item 3.	Quantitative and Qualitative Disclosure about Market Risk.	13

Item 4.	Controls and Procedures.	13


	*PART II. - OTHER INFORMATION*

Item 1A.	Risk Factors.	14

Item 6.	Exhibits.	14

Signatures		15

Exhibit Index		16

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PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.

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MONAR INTERNATIONAL INC.

(A DEVELOPMENT STAGE COMPANY)

CONSOLIDATED BALANCE SHEETS

(UNAUDITED)


		January 31, 2014		July 31, 2013
ASSETS
Current assets:
Cash	$	16	$	74
Total current assets		16		74

TOTAL ASSETS	$	16	$	74

LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities:
Accounts payable	$	43,395	$	42,193
Accrued salary		2,500		2,500
Advances from related parties		65,322		60,835
Advances from third parties		109,734		91,385
Total current liabilities		220,951		196,913

Total liabilities		220,951		196,913

Stockholders’ deficit
Preferred stock: $0.00001 par value, 100,000,000 shares authorized, none issued and outstanding		-		-
Common stock: $0.00001 par value, 250,000,000 shares authorized, 239,000,000 shares issued and outstanding as of January 31, 2014 and July 31, 2013, respectively		2,390		2,390
Additional paid-in capital		1,235,160		950,160
Cumulative translation adjustment		(171)		(171)
Deficit accumulated during development stage		(1,458,314)		(1,149,218)
Total stockholders’ deficit		(220,935)		(196,839)

TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	16	$	74

The accompanying notes are an integral part of these unaudited interim consolidated financial statements.

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MONAR INTERNATIONAL INC.

(A DEVELOPMENT STAGE COMPANY)

CONSOLIDATED STATEMENTS OF EXPENSES

(UNAUDITED)


		Three Months Ended				Six Months Ended				From July 6, 2009 (Inception) to
		January 31,				January 31,				January 31,
		2014		2013		2014		2013		2014
Revenues	$	-	$	-	$	-	$	-	$	-

Expenses:
Advertising and promotion		-		210,000		-		210,000		212,126
Bank service charges		331		96		563		227		2,894
Business license and fees		-		-		-		7,000		8,490
Dues and subscriptions		-		-		-		103		245
Filing fees		1,191		35		6,289		735		17,966
Foreign currency exchange loss (gain)		-		-		-		-		(105)
Meals and entertainment		-		-		-		-		1,042
Office supplies and expenses		-		-		-		-		165
Officer’s salary		-		660,000		-		660,000		668,750
Postage and shipping		-		296		-		296		1,859
Professional fees		14,903		35,638		302,244		44,877		532,244
Public relations		-		-		-		-		1,665
Rent expense		-		-		-		-		1,950
Travel expense		-		-		-		-		9,024
Total expenses		16,425		906,065		309,096		923,238		1,458,314

Loss from operations		(16,425)		(906,065)		(309,096)		(923,238)		(1,458,314)

Net loss	$	(16,425)	$	(906,065)	$	(309,096)	$	(923,238)	$	(1,458,314)

Other comprehensive income (loss)
Foreign currency translation adjustment		-		-		-		1		1
Total comprehensive loss	$	(16,425)	$	(906,065)	$	(309,096)	$	(923,237)	$	(1,458,313)

Net loss per share--basic and diluted
	$	(0.00)	$	(0.02)	$	(0.00)	$	(0.02)
Weighted average number of common shares outstanding-- basic and diluted		239,000,000		60,285,165		239,000,000		59,197,059

The accompanying notes are an integral part of these unaudited interim consolidated financial statements.

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MONAR INTERNATIONAL INC

(A DEVELOPMENT STAGE COMPANY)

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)


		Six Months Ended				From July 6, 2009
		January 31,				(Inception) to
		2014		2013		January 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(309,096)	$	(923,238)	$	(1,458,314)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock issued to officers		-		660,000		660,000
Stock issued for services		285,000		216,500		501,500
Changes in operating assets and liabilities:
Accounts payable and accrued expenses		19,551		344		130,672
Accrued salary		-		6,905		2,500
Net cash used in operating activities		(4,545)		(39,489)		(163,642)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from sale of stock to founder		-		-		50
Proceeds from advances from related parties		4,487		98		109,003
Repayments of advances to related parties		-		(432)		(43,681)
Proceeds from advances from third parties		-		39,824		22,457
Proceeds from stock subscription		-		-		76,000
Net cash provided by financing activities		4,487		39,490		163,829

EFFECT OF EXCHANGE RATE ON CASH		-		1		(171)

NET CHANGE IN CASH AND CASH EQUIVALENTS		(58)		2		16

CASH AT BEGINNING OF PERIOD		74		9		-

CASH AT END OF PERIOD	$	16	$	11	$	16

SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid during the period for:
Income taxes	$	-	$	-	$	-
Interest	$	-	$	-	$	-

NONCASH INVESTING AND FINANCING ACTIVITIES
Common stock cancellation	$	(29)	$	-	$	229
Payments of accounts payable by a third party	$	18,350	$	-	$	87,277

The accompanying notes are an integral part of these unaudited interim consolidated financial statements.

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MONAR INTERNATIONAL INC

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

NOTE 1 - ORGANIZATION AND BUSINESS OPERATIONS

Monar International Inc. (the “Company”) was incorporated in Nevada on July 6, 2009. On December 15, 2010, the Company incorporated a wholly owned subsidiary, Monar Hong Kong Limited (“Monar HK”), in Hong Kong. Monar HK had minimal activities since incorporation through January 31, 2014, and the results of its operations are included in these consolidated financial statements. On September 2, 2011, the Company incorporated Syntas Inc, a wholly owned subsidiary, in Nevada, United States, which had no assets or activity since the date of its inception. The Company subsequently decided that it did not need Syntas Inc. for its future activities, and its corporate registration with the State of Nevada was allowed to lapse.

The Company has limited operations, and in accordance with FASB ASC 915-15, is considered a development stage company. The Company has had no revenues from operations since its inception.

Initial operations have included organization, capital formation, target market identification, and marketing plans. The Company had originally planned to offer to the public, through its website (www.monarinc.com), tasteful, traditional style Chinese furniture, adapted to modern needs for Asian ethnic and high-end markets in North America. In April 2013, the Company decided to cease its furniture business.

Effective July 31, 2013, the Company’s board of directors approved the payment of a stock dividend of the Company’s common stock on the basis of three additional shares for each one share of common stock issued and outstanding (4:1 common stock dividend).

NOTE 2 - BASIS OF PRESENTATION

The accompanying unaudited interim consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Financial Report on Form 10-K for the fiscal year ended July 31, 2013, as filed with the SEC.

In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim period presented, have been reflected herein. The results of operations for the interim period are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal period, as reported in the Form 10-K, have been omitted.

The Company’s consolidated financial statements include all accounts of Monar International Inc. and its two wholly owned subsidiaries: Monar HK and Syntas. All significant inter-company balances and transactions have been eliminated in consolidation.

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NOTE 3 - GOING CONCERN

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. If the Company fails to generate positive cash flow or obtain additional financing, when required, it may have to modify, delay, or abandon some or all of its business and expansion plans.

As of January 31, 2014, the Company had cash and cash equivalents of $16 and working capital deficit of $220,935, which compares to $74 cash and $196,839 working capital deficit, respectively, as of July 31, 2013. The ability of the Company to emerge from the development stage is dependent upon the Company’s successful efforts to raise sufficient capital and then attaining profitable operations. The Company intends to fund operations through sales and equity financing arrangements.

For the three months ended January 31, 2014 and 2013, the Company had net operating losses of $16,425 and $906,065, respectively. For the six months ended January 31, 2014 and 2013, the Company had net operating losses of $309,096 and $923,238, respectively. From inception through January 31, 2014, the Company incurred a cumulative net operating loss of $1,458,314.

The Company believes that its existing capital resources may not be adequate to enable it to execute its business plan, and that it will require additional cash resources during 2014 based on its current operating plan and conditions. These conditions raise substantial doubt as to the Company’s ability to continue as a going concern. The accompanying statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern.

NOTE 4 - RELATED PARTY TRANSACTIONS

To support its operations, the Company receives advances from Robert Clarke, President and sole Director, and 7bridge Capital Partners Limited, which is controlled by Mr. Clarke. These advances are non-interest bearing, unsecured, and due on demand.

During the six months ended January 31, 2014, the Company received $4,487 in advances from the related party for its operating expenses and repaid $0 of the advances. During the six months ended January 31, 2013, the Company received $98 from the related party and repaid $ $432 of the advances.

As of January 31, 2014 and July 31, 2013, $65,322 and $60,835, respectively, were due to 7bridge and Robert Clarke for the advances.

NOTE 5 - ADVANCES FROM THIRD PARTIES

On June 12, 2012, the Company entered into a loan agreement with a third party for up to a maximum of $50,000. This loan is non-interest bearing and had an original maturity date of September 1, 2012, which was ultimately extended to December 31, 2013. This loan is in default. As of January 31, 2014 and July 31, 2013, $35,545 and $32,450, respectively, were due to the third party for the advances.

On November 16, 2012, the Company entered into a loan agreement with a third party. Per the terms of the agreement, the third party will advance to the Company a loan of funds and/or payment of third party expenses to a maximum of $50,000. This loan is non-interest bearing, and all funds were to be repaid on or before January 31, 2013, unless the parties agreed otherwise. The maturity date was ultimately extended to December 31, 2013. This loan is in default. As of January 31, 2014 and July 31, 2013, $35,831 was due to the third party for the advances.

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On July 31, 2013, the Company entered into a loan agreement to support its operations, which was effective as of May 1, 2013. Per the terms of the agreement, the lender will advance to the Company a loan of funds and/or payment of third party expenses to a maximum of $40,000. This loan is non-interest bearing, and all funds are to be repaid on or before December 31, 2013, unless the parties agree otherwise. This loan is in default. As of January 31, 2014 and July 31, 2013, $38,358 and $23,104, respectively, were due to the third party for the advances.

As of January 31, 2014 and July 31, 2013, $109,734 and $91,385, respectively, were due to the third parties for the advances.

NOTE 6 - RELATED PARTY

During the six months ended January 31, 2014, a related party paid $18,350 for the operating expenses of the Company. During the six months ended January 31, 2013, the Company received $39,824 from the related party and repaid $0 of the advances.

NOTE 7 - STOCKHOLDERS’ EQUITY

On August 16, 2013, the Company signed an agreement with a third party to provide services to assist with various aspects of its ongoing corporate development, including expanding its contacts with broker-dealers and within the investment community in general. The Company transferred 2,850,000 common shares valued at $285,000 based on the trading value on the date of the agreement. The shares were transferred from another third party to the aforementioned services provider as an act of “good faith” in an effort to ensure that the Company is successful in its future business ventures, and therefore, the Company will be able to repay to the third party transferor certain outstanding advances. The Company will be able to repay, at a date not yet determined, the outstanding advances to the third party transferor.

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION.

This section of this quarterly report includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this report. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions.

Results of operations

From Inception on July 6, 2009 to January 31, 2014

We have not generated any revenues from operations since inception. We have exhausted our cash as a result of expenses incurred in connection with proposed acquisitions with other entities, all of which were unsuccessful. We had a net loss from operations of $309,096 for the six months ended January 31, 2014, of which $302,244 were incurred for professional fees, $6,289 for filing fees and $563 for bank service charges. During the six months ended January 31, 2013, the Company incurred a net operating loss of $923,238, consisting of professional fees of $44,877, officer’s salaries of $660,000, $210,000 for advertising and promotion, $7,000 for business license and fees and other operating expenses of $1,361.

From inception on July 6, 2009 to January 31, 2014, we incorporated the company, hired the attorney, hired an auditor and our registration statement was declared effective by the SEC. We incorporated a wholly owned subsidiary, Monar International Hong Kong Limited on December 15, 2010. We have prepared an internal business plan. We have reserved the domain name”www.monarinc.com” and commenced construction of our web site. We have had loss from operations from inception on July 6, 2009 to January 31, 2014, of $1,458,314, consisting primarily of professional fees of $532,244, advertising and promotion of $212,126, filing fees of $17,966, travel expenses of $9,024, business licenses and fees of $8,490 and officer’s salary of $668,750.

Since inception, we sold 5,000,000 shares of common stock to our sole officer and director for $50 and have collected gross proceeds under our public offering of $76,000 to July 31, 2012. Shares totaling 760,000 shares of common stock were issued to the subscribers to our public offering on August 17, 2010.

On July 8, 2010, the completion of our public offering provided us with sufficient capital to begin our operations.

On January 12, 2011, we declared a stock dividend of 9 new shares for each 1 share held (10:1) with a record date of January 24, 2011. These additional shares were issued immediately after the record date.

On January 24, 2011, our Board of Directors approved an increase in authorized capital from 100,000,000 common shares to 250,000,000 common shares. This increase was approved by written consent of our majority shareholder, Robert Clarke, our President, who holds approximately 86.81% of our common stock. All shareholders at the record date of February 1, 2011 were notified by mail of the increase in authorized capital when it became effective.

On April 28, 2011, Charlie Rodriguez was appointed treasurer, principal financial officer and principal accounting officer. Mr. Rodriguez replaced Robert Clarke in those positions. Mr. Clarke continued as president, principal executive officer, secretary, and the sole member of the board of directors. Mr. Rodriquez was selected for the foregoing positions as a result of his past experiences with public companies. On November 14, 2011, Mr. Rodriguez resigned as Chief Financial Officer. Mr. Rodriguez has not expressed any disagreements with us over any financial or accounting matter. During his period with us we orally agreed with Mr. Rodriguez to pay him a monthly fee of $2,500 as his compensation. In total, $7,500 is still owed to Mr. Rodriguez for three and six months compensation up to the date of his resignation on Nov. 14, 2011. We expect to have sufficient funds to pay the compensation owed to Mr. Rodriguez over the next 3 to 4 months.

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On December 7, 2012, we announced the appointment of Dr. Tri Vu Truong and Claude Pellerin to our Board of Directors. As of the same date we appointed Dr. Truong as President and Chief Operating Officer and Mr. Pellerin as Company Secretary.

On May 14, 2013, we announced the resignations of Dr. Tri Vu Truong and Claude Pellerin, as members of our board of directors. On the same date, Dr. Truong resigned as president and Mr. Pellerin resigned as secretary. Also on May 14, 2013, we announced the appointment of Roberto Roman, Jr. to our board of directors and Mr. Roman was appointed as our chief financial officer and secretary, while our chairman and chief executive officer was re-appointed as our president.

On May 5, 2011, we entered into a non-binding memorandum of understanding (MOU) with a group of shareholders of Integrated Clinical Care Corporation, a Nevada corporation (“ICC”) to acquire up to 100% of the outstanding shares of common stock of ICC in exchange for 50,000,000 restricted shares of our common stock. ICC offers to medical practices workflow solutions that include advanced support systems at the point-of-care in the field medical/clinical services with special emphasis on the rapidly evolving practice of oncology. On July 5, 2011, we replaced the MOU with a binding share exchange agreement with an anticipated closing date of July 31, 2011. It subsequently proved impossible to close the contemplated transaction by July 31, 2011, nor for an extended period thereafter, and as a result, we gave formal notice to ICC on Oct. 17, 2011 that the proposed share exchange was canceled.

On March 20, 2012, we announced that we had initiated a new business strategy which we believed would increase the scale and profitability of our China business activities and will enhance shareholder value. In developing the supplier base for our online sales of Chinese furniture we came to the conclusion that major opportunities exist for the supply of sustainable forest products to the Chinese market and we decided to develop a business based on supply such products to the Chinese market. We further believed that this would involve a re-structuring of our company to enable both the online sales and forest products sales to develop efficiently and we expected to have our plans for re-structuring finalized by the end of May 2012.

In order to implement the forest products business, on April 10, 2012, we entered into an agreement with Pan Pacific Group International Inc. (“PPGI”), whereby PPGI was to be paid a fee of 10% fee for negotiating logging contracts in the Republic of Suriname over a four-year period. Further, PPGI was to be paid US$5.00 per cubic meter for Asia and European export logs; a US$20,000 set up fee upon signing a formal agreement with us; 10% net profits on domestic log and lumber sales; and 500,000 restricted shares of our common stock. However, market prospects for the sale of wood products to the Chinese market declined as the Chinese economy slowed through much of 2012 and no sales contracts were signed with Chinese customers. As a result of the delay the time limit on the initial agreement with PPGI expired and the agreement became null and void. Until late May we maintained contact with representatives of PPGI to negotiate a new agreement, but with no confirmed orders from Chinese customers we canceled our plans to enter the wood products business and also canceled our plans to re-structure the company.

On August 31, 2012 we announced we had signed a non-binding Letter of Intent (LOI) to acquire the assets of Gravity Collection, Inc. (GCI) a Denver-based multi-media company. On September 3, 2012, we were informed by GCI that they were canceling the LOI.

On November 30, 2012, we announced that we had entered into a Strategic Alliance and Distribution Agreement for M-Fuel with EcoloCap Solutions Inc. of Chicago, IL. M-Fuel is a fuel-water emulsion, which tests have shown reduces consumption of diesel fuel and other heavy fuel oils. Initially, our intention was to set up a production and demonstration center in Canada, but sufficient capital could not be raised to launch this venture. However, the M-fuel agreement created a focus on the transportation sector in the US which ultimately led to our agreement to acquire NLB. In the next one to two months we expect to make a decision whether we will continue with the M-fuel project and, if so, how best to proceed.

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On July 17, 2013, we declared a stock dividend of 3 new shares for each 1 share held (4:1) with a record date of July 31, 2013. These additional shares were issued on August 6, 2013.

On August 16, 2013, we signed an agreement with Willow Cove Investment Group, Inc. of San Diego, CA to provide services to assist with various aspects of our ongoing corporate development, including expanding our contacts with broker-dealers and the investment community generally. Compensation to Willow Cove was 2,850,000 shares of our common stock.

On October 21, 2013 we announced that we had reached an agreement to acquire 100% of National Leasing Brokerage LLC, (NLB), a private company based in Rancho Cucamonga, CA which provides drive away services (fleet re-positioning) to a number of major corporations. This acquisition did not close by the agreed closing date of December 20, 2013 because NLB did not provide the required audited financial statements and other closing documentation. We have had no indication from NLB that they will ever provide the required documentation and we now have no expectation that the NLB acquisition will ever close. We are therefore looking at other business development opportunities in the U.S., but to date, no new opportunity has been secured.

Plan of Operation

In the summer of 2013, we began to focus on business opportunities in North America, specifically in the transportation sector in the United States. In August 2013, we announced our new business focus to identify acquisition targets in transportation services. Targeted priority sectors include services such as auto/vehicle transport, drive away services (fleet re-positioning), and fleet management. On October 21, 2013, we announced that we had reached an agreement to acquire 100% of National Leasing Brokerage LLC, (NLB), a private company based in Rancho Cucamonga, CA which provides drive away services to a number of major corporations. Since the NLB acquisition did not close, we have broadened our search for new opportunities in the U.S.

We have not begun operations and will not be able to commence operations until we complete a new business acquisition. Our plan of operation is forward looking and there is no assurance that we will be able to complete an acquisition, either in a timely manner, or at all. Our prospects for profitability are dependent upon completing an acquisition, and as such our future profitability is dependent upon our success in identifying and securing profitable opportunities.

Limited operating history and need for additional capital

There is no historical financial information about us upon which to base an evaluation of our performance. We are in a start-up stage operations and have not generated any revenues. We cannot guarantee 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 due to price and cost increases in services and products.

We will also need to seek additional equity financing to provide capital if we are to grow rapidly. 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.

Liquidity and capital resources

As of the date of this report, we have yet to generate any revenues from our business operations.

We issued 200,000,000 shares of common stock pursuant to the exemption from registration contained in Regulation S of the Securities Act of 1933. This was accounted for as a sale of common stock. We completed our public offering on July 8, 2010 and sold 30,400,000 shares of common stock at an offering price of $0.0025 per share to 48 individuals and raised $76,000.

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As of January 31, 2014, our total assets were $16 and our total liabilities were $220,951, of which $109,734 was from third parties, consisting of DT Crystal Holdings Ltd. for payments made to our attorney, auditor, accountant, and transfer agent, Capex Investment Ltd. for payments made to our attorney, and National Leasing Brokerage for payments made to our attorney, auditor, accountant, transfer agent, and to the State of Nevada.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

ITEM 4. CONTROLS AND PROCEDURES.

Under the supervision and with the participation of our management, including the Principal Executive Officer and Principal Financial Officer, we have evaluated the effectiveness of our disclosure controls and procedures as required by Exchange Act Rule 13a-15(b) as of the end of the period covered by this report. Based on that evaluation, the Principal Executive Officer and Principal Financial Officer have concluded that these disclosure controls and procedures are effective.

There were no changes in our internal control over financial reporting during the quarter ended January 31, 2014 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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PART II - OTHER INFORMATION

ITEM 1A. RISK FACTORS.

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

ITEM 6. EXHIBITS.


		Incorporated by reference			Filed
Exhibit	Document Description	Form	Date	Number	Herewith
3.1	Articles of Incorporation.	S-1	8/26/09	3.1

3.2	Bylaws.	S-1	8/26/09	3.2

3.3	Amended Articles of Incorporation.	10-Q	3/16/11	3.1

4.1	Specimen Stock Certificate.	S-1	8/26/09	4.1

10.1	Memorandum of Lease.	S-1/A-1	10/08/09	10.1

14.1	Code of Ethics.	10-K	10/27/10	14.1

31.1	Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.				X

31.2	Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.				X

32.1	Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.				X

32.2	Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.				X

99.2	Audit Committee Charter.	10-K	10/27/10	99.2

99.3	Disclosure Committee Charter.	10-K	10/27/10	99.3

101.INS	XBRL Instance Document.				X

101.SCH	XBRL Taxonomy Extension - Schema.				X

101.CAL	XBRL Taxonomy Extension - Calculations.				X

101.DEF	XBRL Taxonomy Extension - Definitions.				X

101.LAB	XBRL Taxonomy Extension - Labels.				X

101.PRE	XBRL Taxonomy Extension - Presentation.				X

-14-

Index

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized persons, on this 21^st day of March 2014.


	MONAR INTERNATIONAL INC.
	(the “Registrant”)

	BY:	ROBERT G. CLARKE
		Robert G. Clarke
		Principal Executive Officer and a member of the Board of Directors

	BY:	ROBERTO ROMAN, JR.
		Roberto Roman, Jr.
		Principal Accounting Officer, Principal
		Financial Officer, Treasurer and a member of the
		Board of Directors

-15-

Index

EXHIBIT INDEX


		Incorporated by reference			Filed
Exhibit	Document Description	Form	Date	Number	Herewith
3.1	Articles of Incorporation.	S-1	8/26/09	3.1

3.2	Bylaws.	S-1	8/26/09	3.2

3.3	Amended Articles of Incorporation.	10-Q	3/16/11	3.1

4.1	Specimen Stock Certificate.	S-1	8/26/09	4.1

10.1	Memorandum of Lease.	S-1/A-1	10/08/09	10.1

14.1	Code of Ethics.	10-K	10/27/10	14.1

21.1	List of Subsidiaries.	10-K	10/31/11	21.1

31.1	Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.				X

31.2	Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.				X

32.1	Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.				X

32.2	Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.				X

99.2	Audit Committee Charter.	10-K	10/27/10	99.2

99.3	Disclosure Committee Charter.	10-K	10/27/10	99.3

101.INS	XBRL Instance Document.				X

101.SCH	XBRL Taxonomy Extension - Schema.				X

101.CAL	XBRL Taxonomy Extension - Calculations.				X

101.DEF	XBRL Taxonomy Extension - Definitions.				X

101.LAB	XBRL Taxonomy Extension - Labels.				X

101.PRE	XBRL Taxonomy Extension - Presentation.				X

-16-

MONAR INTERNATIONAL INC. 10-Q