ANVI GLOBAL HOLDINGS, INC. Files 2024 10-K

TL;DR

ANVI GLOBAL HOLDINGS, INC. filed its 2024 10-K. Check financials.

AI Summary

ANVI GLOBAL HOLDINGS, INC. filed its 2024 10-K report for the fiscal year ending February 29, 2024. The company, formerly known as VETRO, INC., is incorporated in Nevada and operates in the retail food stores sector. Its business and mailing address are located at 1135 Kildaire Farm Road, Suite 319-4, Cary, NC 27511.

Why It Matters

This filing provides a comprehensive overview of ANVI GLOBAL HOLDINGS, INC.'s financial performance and business operations for the fiscal year 2024, crucial for investors and stakeholders to assess the company's health and future prospects.

Risk Assessment

Risk Level: low — The provided text is a standard 10-K filing header and does not contain specific financial performance data or forward-looking statements that would indicate a high risk.

Key Numbers

• 2024-02-29 — Fiscal Year End (The report covers the period ending on this date.)
• 2023-02-28 — Previous Fiscal Year End (Provides a comparison point for financial data.)
• 2022-02-28 — Prior Fiscal Year End (Offers historical financial context.)

Key Players & Entities

• ANVI GLOBAL HOLDINGS, INC. (company) — Filer
• VETRO, INC. (company) — Former company name
• 20240229 (date) — Conformed period of report
• 20240524 (date) — Filed as of date
• 0001570132 (company) — Central Index Key
• 5400 (industry_code) — Standard Industrial Classification
• NV (state) — State of incorporation
• 1135 KILDAIRE FARM ROAD (address) — Business street 1
• SUITE 319-4 (address) — Business street 2
• CARY (city) — Business city

FAQ

Key Financial Figures

• $2,018,732 — resulting in an accumulated deficit of $2,018,732 as of February 29, 2024. Our financial
• $199,426 — eneral and administrative expenses were $199,426 for the year ended February 29, 2024, c
• $231,503 — ar ended February 29, 2024, compared to $231,503 for the year ended February 28, 2023, a
• $32,077 — d February 28, 2023, a decrease of only $32,077. In the current year, we incurred $144,
• $144,000 — 2,077. In the current year, we incurred $144,000 of expense from our service agreement w
• $27,614 — oup Inc) (Note 4), professional fees of $27,614, travel expense of $769, OTC fees of $1
• $769 — onal fees of $27,614, travel expense of $769, OTC fees of $15,100, transfer agent fe
• $15,100 — 14, travel expense of $769, OTC fees of $15,100, transfer agent fees of $1,100 and othe
• $1,100 — fees of $15,100, transfer agent fees of $1,100 and other general expenses of $10,843.
• $10,843 — of $1,100 and other general expenses of $10,843. In the prior period, we incurred $144,
• $31,565 — egic-IT Group Inc, professional fees of $31,565, travel expense of $17,724, OTC fees of
• $17,724 — onal fees of $31,565, travel expense of $17,724, OTC fees of $13,165, transfer agent fe
• $13,165 — travel expense of $17,724, OTC fees of $13,165, transfer agent fees of $15,610 and oth
• $15,610 — fees of $13,165, transfer agent fees of $15,610 and other general expenses of $9,439.
• $9,439 — f $15,610 and other general expenses of $9,439. Other income For the year ended Feb

Filing Documents

• anvi_10k.htm (10-K) — 280KB
• ex31x1.htm (EX-31.1) — 6KB
• ex32x1.htm (EX-32.1) — 3KB
• image_001.jpg (GRAPHIC) — 13KB
• image_002.jpg (GRAPHIC) — 3KB
• 0001079973-24-000814.txt ( ) — 1726KB
• anvi-20240229.xsd (EX-101.SCH) — 14KB
• anvi-20240229_cal.xml (EX-101.CAL) — 24KB
• anvi-20240229_def.xml (EX-101.DEF) — 22KB
• anvi-20240229_lab.xml (EX-101.LAB) — 162KB
• anvi-20240229_pre.xml (EX-101.PRE) — 123KB
• anvi_10k_htm.xml (XML) — 107KB

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations. 2 Item 7A .

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk. 3 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data. 3 Item 9. Changes In and Disagreements With Accountants on Accounting and Financial Disclosure. 12 Item 9A .

Controls and Procedures

Controls and Procedures. 12 Item 9B . Other Information. 12 Item 9C . Disclosure Regarding Foreign Jurisdictions That Prevent Inspections. 12 PART III Item 10. Directors, Executive Officers and Corporate Governance. 13 Item 11.

Executive Compensation

Executive Compensation. 14 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. 14 Item 13. Certain Relationships and Related Transactions, and Director Independence. 15 Item 14. Principal Accountant Fees and Services. 15 PART IV Item 15. Exhibits, Financial Statement Schedules. 16 Item 16. Form 10-K Summary. 16

Signatures

Signatures 17 PART I

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS This annual report contains forward-looking statements. These statements relate to future events or our future financial performance. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events. Throughout this Report, references to "we," "us" "the Company," "the Registrant," etc., all refer to Anvi Global Holdings, Inc. GENERAL Anvi Global Holdings, Inc. was incorporated in the business of selling crepes; however, we abandoned that business when control of the Company was sold by Tatiana Fumioka, on May 6, 2014. As a result, we are now controlled by Rama Mohan R. Busa, the principal shareholder and sole officer and director. Anvi Global Holdings, Inc now intends to become a diversified, global holdings company with interest in a suite of businesses in various key segments, including mining, infrastructure, heavy earthworks, health services and aerospace engineering, p

RISK FACTORS

ITEM 1A. RISK FACTORS We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and, as such, are not required to provide the information under this Item.

UNRESOLVED STAFF COMMENTS

ITEM 1B. UNRESOLVED STAFF COMMENTS None.

CYBERSECURITY

ITEM 1C. CYBERSECURITY We have developed and maintain a cybersecurity risk management methodology intended to protect the confidentiality, integrity, and availability of our critical systems and information. Our cybersecurity risk management methodology is integrated into our overall enterprise risk management, and shares common methodologies, reporting channels and governance processes that apply across the Company to other legal, compliance, strategic, operational, and financial risk areas. As part of our overall risk management processes and procedures, we have instituted a cybersecurity awareness designed to identify, assess and manage material risks from cybersecurity threats. The cyber risk management methodology involves risk assessments, implementation of security measures and ongoing monitoring of systems and networks, including networks on which we rely. Through our cybersecurity awareness, the current threat landscape is actively monitored in an effort to identify material risks arising from new and evolving cybersecurity threats. We may engage external experts, including cybersecurity assessors, consultants and auditors to evaluate cybersecurity measures and risk management processes as needed. We also depend on and engage various third parties, including suppliers, vendors and service providers in connection with our operations. Our risk management, legal, and compliance personnel oversee and identify, including through a third-party cybersecurity service provider, material risks from cybersecurity threats associated with our use of such entities. Cybersecurity Governance Our Board of Directors oversees our risk management, including our information technology and cybersecurity policies, procedures, and risk assessments. Management reports to our Board of Directors on information security matters as necessary, regarding any significant cybersecurity incidents, as well as any incidents with lesser impact potential. One of the key functions of our B

PROPERTIES

ITEM 2. PROPERTIES We do not own any real estate or other properties.

LEGAL PROCEEDINGS

ITEM 3. LEGAL PROCEEDINGS There are no material claims, actions, suits, proceedings, or investigations that are currently pending or, to the Company's knowledge, threatened by or against the Company or respecting its operations or assets, or by or against any of the Company's officers, directors, or affiliates.

MINE SAFETY DISCLOSURE

ITEM 4. MINE SAFETY DISCLOSURE None. 1 PART II

MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED SHAREHOLDER

ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES Market Information Our common shares are quoted on the OTC Markets website under the symbol "ANVI". However, there has been no trading of our common shares. Trading in stocks quoted on the OTC Markets website is often thin and is characterized by wide fluctuations in trading prices due to many factors that may be unrelated to a company's operations or business prospects. We cannot assure you that there will be a market in the future for our common stock. OTC Markets securities are not listed or traded on the floor of an organized national or regional stock exchange. OTC Markets issuers are predominantly smaller companies that do not meet the financial and other listing requirements of a regional or national stock exchange. As of May 23, 2024, no shares of our common stock have traded. Number of Holders As of May 23, 2024, the 119,950,000 issued and outstanding shares of common stock were held by a total of 65 shareholders of record. Dividends We have not paid any cash dividends since our inception and do not foresee declaring any cash dividends on our common stock in the foreseeable future. Recent Sales of Unregistered Securities None. Purchase of our Equity Securities by Officers and Directors None. Other Stockholder Matters None.

MANAGEMENT'S DISCUSSION AND ANALYSIS

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion should be read in conjunction with our financial statements, including the notes thereto, appearing elsewhere in this annual report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements. Our audited financial statements are stated in United States Dollars and are prepared in accordance with United States Generally Accepted Accounting Principles. Results of Operations The Company has incurred losses since inception resulting in an accumulated deficit of $2,018,732 as of February 29, 2024. Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation. We expect we will require additional capital to meet our long-term operating requirements, if and when we acquire any assets or a business. We expect to raise additional capital through, among other things, the sale of equity or debt securities. Fiscal year ended February 29, 2024 compared to the fiscal year ended February 28, 2023 Revenue We did not recognize any revenue for the years ended February 29, 2024 and February 28, 2023. Operating Expenses General and administrative expenses were $199,426 for the year ended February 29, 2024, compared to $231,503 for the year ended February 28, 2023, a decrease of only $32,077. In the current year, we incurred $144,000 of expense from our service agreement with Anvi Global Inc. (previously with Strategic-IT Group Inc) (Note 4), professional fees of $27,614, travel expense of $769, OTC fees of $15,100, transfer agent fees of $1,100 and other general expenses of $10

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 7A. 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.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA. ANVI GLOBAL HOLDINGS, INC. INDEX TO FINANCIAL STATEMENTS Report of Independent Registered Public Accounting Firm ( Fruci & Associates II, PLLC , Spokane, WA , Auditor Firm ID: 5525 ) 4 Balance Sheets as of February 29, 2024 and February 28, 2023 5 6 7 8 Notes to the Financial Statements 9 3 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Shareholders of Anvi Global Holdings, Inc. Opinion on the Financial Statements We have audited the accompanying balance sheets of Anvi Global Holdings, Inc. ("the Company") as of February 29, 2024 and February 28, 2023, and the related statements of operations, stockholders' deficit, and cash flows for each of the years in the two-year period ended February 29, 2024, and the related notes (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of February 29, 2024 and February 28, 2023 and the results of its operations and its cash flows for each of the years in the two-year period ended February 29, 2024, in conformity with accounting principles generally accepted in the United States of America. Going Concern The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 3 to the financial statements, the Company has had no revenue and an accumulated deficit. These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern. Management's plans in regard to these matters are also described in Note 3. The fin

financial statements

financial statements. 5 ANVI GLOBAL HOLDINGS, INC. For the Years Ended February 29, 2024 February 28, 2023 Operating Expenses: General and administrative expenses $ 199,426 $ 231,503 Total operating expenses 199,426 231,503 Loss from operations ( 199,426 ) ( 231,503 ) Other income: Gain on debt settlement 14,051 — Total other income 14,051 — Loss before income taxes ( 185,375 ) ( 231,503 ) Provision for income taxes — — Net loss $ ( 185,375 ) ( 231,503 ) Basic loss per share $ ( 0.00 ) $ ( 0.00 ) Basic weighted average shares 119,950,000 119,950,000 The accompanying notes are an integral part of these

financial statements

financial statements. 6 ANVI GLOBAL HOLDINGS, INC. STOCKHOLDERS' DEFICIT Common Stock Additional Total Shares Amount Paid in Capital Accumulated Deficit Stockholders' Deficit Balance, February 28, 2022 119,950,000 $ 119,950 $ ( 61,450 ) $ ( 1,601,854 ) $ ( 1,543,354 ) Net Loss — — — ( 231,503 ) ( 231,503 ) Balance, February 28, 2023 119,950,000 119,950 ( 61,450 ) ( 1,833,357 ) ( 1,774,857 ) Net Loss — — — ( 185,375 ) ( 185,375 ) Balance, February 29, 2024 119,950,000 $ 119,950 $ ( 61,450 ) $ ( 2,018,732 ) $ ( 1,960,232 ) The accompanying notes are an integral part of these

financial statements

financial statements. 7 ANVI GLOBAL HOLDINGS, INC. For the Years Ended February 29, 2024 February 28, 2023 Cash flows from operating activities: Net loss $ ( 185,375 ) $ ( 231,503 ) Adjustments to reconcile net loss to net cash used in operating activities: Gain on debt settlement ( 14,051 ) — Changes in assets and liabilities: Prepaids ( 500 ) ( 650 ) Accounts payable ( 13,092 ) 6,639 Accounts payable - related party 144,000 144,000 Net cash used in operating activities ( 69,018 ) ( 81,514 ) Cash flows from investing activities: — — Cash flows from financing activities: Advances from an officer 68,785 76,190 Net cash provided by financing activities 68,785 76,190 Net change in cash ( 233 ) ( 5,324 ) Cash, beginning of year 1,567 6,891 Cash, end of year $ 1,334 $ 1,567 Cash paid during the period for: Interest $ — $ — Income taxes $ — $ — The accompanying notes are an integral part of these

financial statements

financial statements. 8 ANVI GLOBAL HOLDINGS, INC.

NOTES TO FINANCIAL STATEMENTS

NOTES TO FINANCIAL STATEMENTS FEBRUARY 29, 2024 NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS Anvi Global Holdings, Inc., (the "Company" "AGH") was incorporated under the laws of the State of Nevada on August 15, 2012. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The Company's financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the estimated useful lives of property and equipment. Actual results could differ from those estimates. Concentrations of Credit Risk We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash. Cash Equivalents The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. There were no cash equivalents for the years ended February 29, 2024 and February 28, 2023. Fair Value of Financial Instruments Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC Topic No. 820 establishes a fair value hierarchy that prioritizes the inputs to valuation techn

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