ANVI GLOBAL HOLDINGS, INC. Files 10-Q for Period Ending 2023-11-30

TL;DR

<b>ANVI GLOBAL HOLDINGS, INC. has filed its quarterly report (10-Q) for the period ending November 30, 2023.</b>

AI Summary

ANVI GLOBAL HOLDINGS, INC. (ANVI) filed a Quarterly Report (10-Q) with the SEC on January 11, 2024. ANVI GLOBAL HOLDINGS, INC. filed a 10-Q report on January 11, 2024. The filing covers the quarterly period ending November 30, 2023. The company was formerly known as VETRO, INC., with a name change on February 20, 2013. ANVI GLOBAL HOLDINGS, INC. is incorporated in Nevada (NV). The company's fiscal year ends on February 28.

Why It Matters

For investors and stakeholders tracking ANVI GLOBAL HOLDINGS, INC., this filing contains several important signals. This 10-Q filing provides an update on the company's financial performance and operational status for the specified quarter. Understanding the details within this report is crucial for investors and stakeholders to assess the company's current financial health and future prospects.

Risk Assessment

Risk Level: low — ANVI GLOBAL HOLDINGS, INC. shows low risk based on this filing. The filing is a standard 10-Q, which typically contains routine financial information and does not indicate any immediate or significant risks based solely on the header data.

Analyst Insight

Review the detailed financial statements and management discussion within the 10-Q to understand ANVI GLOBAL HOLDINGS, INC.'s performance and outlook.

Key Numbers

• 2023-11-30 — Period End Date (Quarterly period ending date)
• 2024-01-11 — Filing Date (Date the 10-Q was filed)
• 0228 — Fiscal Year End (Company's fiscal year end)

Key Players & Entities

• ANVI GLOBAL HOLDINGS, INC. (company) — Filer name
• VETRO, INC. (company) — Former company name
• 20130220 (date) — Date of name change
• NV (jurisdiction) — State of incorporation
• 0228 (date) — Fiscal year end
• 20231130 (date) — Period of report
• 20240111 (date) — Filing date

FAQ

Industry Context

The company operates within the retail food stores sector, as indicated by its SIC code.

Regulatory Implications

As a publicly traded company, ANVI GLOBAL HOLDINGS, INC. is subject to the reporting requirements of the Securities and Exchange Commission (SEC) under the 1934 Act.

What Investors Should Do

1. Analyze the financial statements (income statement, balance sheet, cash flow statement) for the quarter ended November 30, 2023.
2. Review the Management's Discussion and Analysis of Financial Condition and Results of Operations section for insights into performance drivers and trends.
3. Check for any new risk factors or updates to existing ones disclosed in the filing.

Key Dates

• 2024-01-11: 10-Q Filing — Filing of the quarterly report for the period ending 2023-11-30
• 2023-11-30: Quarterly Period End — End date of the reporting period
• 2013-02-20: Name Change — Date the company changed its name from VETRO, INC. to ANVI GLOBAL HOLDINGS, INC.

Year-Over-Year Comparison

This is the first 10-Q filing identified in the provided data for ANVI GLOBAL HOLDINGS, INC. covering the period ending November 30, 2023.

Key Financial Figures

• $45,832 — eneral and administrative expenses were $45,832 for the three months ended November 30,
• $48,024 — hs ended November 30, 2023, compared to $48,024 for the three months ended November 30,
• $2,192 — ended November 30, 2022, a decrease of $2,192 or 4.5%. In the current period, we incu
• $36,000 — .5%. In the current period, we incurred $36,000 of expense from our service agreement w
• $2,662 — oup Inc. (Note 5), professional fees of $2,662, OTC Market fees of $3,750 and other ge
• $3,750 — onal fees of $2,662, OTC Market fees of $3,750 and other general expenses of $3,420. I
• $3,420 — of $3,750 and other general expenses of $3,420. In the prior period, we incurred $36,0
• $6,300 — oup Inc. (Note 5), professional fees of $6,300, OTC Market and state fees of $3,555 an
• $3,555 — of $6,300, OTC Market and state fees of $3,555 and other general expenses of $2,169.
• $2,169 — of $3,555 and other general expenses of $2,169. Net Loss Our net loss for the three
• $151,875 — eneral and administrative expenses were $151,875 for the nine months ended November 30,
• $168,515 — hs ended November 30, 2023, compared to $168,515 for the nine months ended November 30,
• $16,640 — ended November 30, 2022, a decrease of $16,640 or 9.8%. In the current period, we incu
• $108,000 — .8%. In the current period, we incurred $108,000 of expense from our service agreement w
• $21,373 — oup Inc. (Note 5), professional fees of $21,373, OTC Market fees of $11,250 and other g

Filing Documents

• anvi_10q.htm (10-Q) — 237KB
• ex31x1.htm (EX-31.1) — 6KB
• ex32x1.htm (EX-32.1) — 3KB
• 0001079973-24-000058.txt (&nbsp;) — 1231KB
• anvi-20231130.xsd (EX-101.SCH) — 12KB
• anvi-20231130_cal.xml (EX-101.CAL) — 21KB
• anvi-20231130_def.xml (EX-101.DEF) — 12KB
• anvi-20231130_lab.xml (EX-101.LAB) — 99KB
• anvi-20231130_pre.xml (EX-101.PRE) — 73KB
• anvi_10q_htm.xml (XML) — 84KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS 1 Condensed Balance Sheets as of November 30, 2023 (unaudited) and February 28, 2023 1 Condensed Statements of Operations for the Three and Nine Months Ended November 30, 2023 and 2022 (unaudited) 2 Condensed Statements of Stockholders' Deficit for the Three and Nine Months Ended November 30, 2023 and 2022 (unaudited) 3 Condensed Statements of Cash Flows for the Nine Months Ended November 30, 2023 and 2022 (unaudited) 4 Notes to the Condensed Financial Statements (unaudited) 5

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 7

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 8

CONTROLS AND PROCEDURES

ITEM 4. CONTROLS AND PROCEDURES 8

OTHER INFORMATION

PART II. OTHER INFORMATION

LEGAL PROCEEDINGS

ITEM 1. LEGAL PROCEEDINGS 9

RISK FACTORS

ITEM 1A. RISK FACTORS 9

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 9

DEFAULTS UPON SENIOR SECURITIES

ITEM 3. DEFAULTS UPON SENIOR SECURITIES 9

MINE SAFETY DISCLOSURES

ITEM 4. MINE SAFETY DISCLOSURES 9

OTHER INFORMATION

ITEM 5. OTHER INFORMATION 9

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS ANVI GLOBAL HOLDINGS, INC. CONDENSED BALANCE SHEETS November 30, 2023 February 28, 2023 ASSETS (Unaudited ) Current Assets: Cash $ 755 $ 1,567 Prepaids 16,850 12,500 Total Current Assets 17,605 14,067 Total Assets $ 17,605 $ 14,067 LIABILITIES AND STOCKHOLDERS' DEFICIT Current Liabilities: Accounts payable $ 18,731 $ 48,904 Accounts payable - related party 468,000 360,000 Accrued liabilities - related party 900,000 900,000 Due to an officer 543,555 480,020 Total current 1,930,286 1,788,924 Total Liabilities 1,930,286 1,788,924 Commitments and contingencies — — Stockholders' Deficit: Preferred stock, $ 0.001 par value; 50,000,000 shares authorized no shares issued and outstanding — — Common stock, $ 0.001 par value; 500,000,000 shares authorized, 119,950,000 shares issued and outstanding 119,950 119,950 Additional paid-in capital ( 61,450 ) ( 61,450 ) Accumulated deficit ( 1,971,181 ) ( 1,833,357 ) Total Stockholders' Deficit ( 1,912,681 ) ( 1,774,857 ) Total Liabilities and Stockholders' Deficit $ 17,605 $ 14,067 The accompanying notes are an integral part of these unaudited condensed financial statements. 1 ANVI GLOBAL HOLDINGS, INC. CONDENSED STATEMENTS OF OPERATIONS (Unaudited) For the Three Months Ended For the Nine Months Ended November 30, November 30, 2023 2022 2023 2022 Operating Expenses: General and administrative expenses $ 45,832 $ 48,024 $ 151,875 $ 168,515 Total operating expenses 45,832 48,024 151,875 168,515 Loss from operations ( 45,832 ) ( 48,024 ) ( 151,875 ) ( 168,515 ) Other income: Gain from settlement of accounts payable — — 14,051 — Total other income — — 14,051 — Loss before income taxes ( 45,832 ) ( 48,024 ) ( 137,824 ) ( 168,515 ) Provision for income taxes — — — — Net loss $ ( 45,832 ) $ ( 48,024 ) $ ( 137,824 ) $ ( 168,515 ) Basic loss per share

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 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, positioned globally. The Company's objective is to maximize shareholder value through investing in and/or acquiring a portfolio of companies in emerging global markets like India, South America and Africa, adding value to the operating enterprises. The Company plans to invest in or acquire businesses which offer strategic market position, strong cash flows and robust future potential growth, which are complementary to each other. The Company intends to broaden and intensify positions in carefully selected investment areas and is poised to have strong presence across these countries. As of the date of this Report, the Company has not invested in or acquired any assets or company. Results of Operations The three months ended November 30, 2023 compared to the three months ended November 30, 2022 Operating Expenses General and administrative expenses were $45,832 for the three months ended November 30, 2023, compared to $48,024 for the three months ended November 30, 2022, a decrease of $2,192 or 4.5%. In the current period, we incurred $36,000 of expense from our service agreement with Strategic-IT Group Inc. (Note 5), professional fees of $2,662, OTC Market fees of $3,750 and other general exp

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK None.

CONTROLS AND PROCEDURES

ITEM 4. CONTROLS AND PROCEDURES Evaluation of Disclosure Controls and Procedures As required by Rule 13a-15 under the Securities Exchange Act of 1934, we have carried out an evaluation of the effectiveness of our disclosure controls and procedures as of the end of the period covered by this quarterly report, November 30, 2023. This evaluation was carried out under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer. Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported, within the time periods specified in the Securities and Exchange Commission's rules and forms. Disclosure controls and procedures include controls and procedures designed to ensure that information required to be disclosed in our company's reports filed under the Securities Exchange Act of 1934 is accumulated and communicated to management, including our Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure. Based upon that evaluation, including our Chief Executive Officer and Chief Financial Officer, we have concluded that our disclosure controls and procedures were ineffective as of the end of the period covered by this report due to a material weakness in our internal control over financial reporting, which is described below. Management's Report on Internal Control over Financial Reporting Our management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rule 13a-15(f) under the Securities Exchange Act of 1934). Management has assessed the effectiveness of our internal control over financial reporting as of November 30, 2023, based on criteria using the Internal Control - Integrated Framework

OTHER INFORMATION

PART II. OTHER INFORMATION

LEGAL PROCEEDINGS

ITEM 1. LEGAL PROCEEDINGS There are not presently any material pending legal proceedings to which the Registrant is a party or as to which any of its property is subject, and no such proceedings are known to the Registrant to be threatened or contemplated against it.

RISK FACTORS

ITEM 1A. RISK FACTORS A smaller reporting company is not required to provide the information required by this Item.

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS None.

DEFAULTS UPON SENIOR SECURITIES

ITEM 3. DEFAULTS UPON SENIOR SECURITIES None.

MINE SAFETY DISCLOSURES

ITEM 4. MINE SAFETY DISCLOSURES Not applicable.

OTHER INFORMATION

ITEM 5. OTHER INFORMATION None.

EXHIBITS

ITEM 6. EXHIBITS Exhibit Exhibit Description Filed herewith Form Period ending Exhibit Filing date 31.1 Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 X 32.1 Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 X 101.INS Inline XBRL Instance Document X 101.SCH Inline XBRL Taxonomy Extension Schema Document X 101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase Document X 101.LAB Inline XBRL Taxonomy Extension Label Linkbase Document X 101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document X 101.DEF Inline XBRL Taxonomy Extension Definition Linkbase Definition X 9

SIGNATURES

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. ANVI GLOBAL HOLDINGS, INC. Dated: January 11, 2024 By: /s/ Rama Mohan R. Busa Rama Mohan R. Busa President, Chief Executive Officer, Chief Financial Officer and Chairman of the Board of Directors 10

View Full Filing

View this 10-Q filing on SEC EDGAR