ANVI GLOBAL HOLDINGS, INC. Files Q1 2025 10-Q

TL;DR

ANVI GLOBAL HOLDINGS, INC. (formerly VETRO, INC.) filed its Q1 2025 10-Q. Check financials.

AI Summary

ANVI GLOBAL HOLDINGS, INC. filed its 10-Q for the period ending May 31, 2024. The company, formerly known as VETRO, INC., is in the retail food store industry. Financial data for the first quarter of fiscal year 2025 is presented, with comparisons to the same period in fiscal year 2024.

Why It Matters

This filing provides investors with the latest financial performance and position of ANVI GLOBAL HOLDINGS, INC. for the first quarter of their 2025 fiscal year.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing financial updates and does not indicate any immediate or significant risks.

Key Numbers

• Q1 2025 — Fiscal Quarter (Current reporting period)
• Q1 2024 — Fiscal Quarter (Comparative period)

Key Players & Entities

• ANVI GLOBAL HOLDINGS, INC. (company) — Filer
• VETRO, INC. (company) — Former company name
• 20240531 (date) — Reporting period end date
• 20240712 (date) — Filing date

FAQ

Key Financial Figures

• $55,097 — eneral and administrative expenses were $55,097 for the three months ended May 31, 2024
• $53,678 — months ended May 31, 2024, compared to $53,678 for the three months ended May 31, 2023
• $1,419 — nths ended May 31, 2023, an increase of $1,419 or 2.6%. In the current period, we incu
• $36,000 — .6%. In the current period, we incurred $36,000 of expense from our service agreement w
• $13,600 — oup Inc. (Note 5), professional fees of $13,600, OTC Market fees of $3,600 and other ge
• $3,600 — nal fees of $13,600, OTC Market fees of $3,600 and other general expenses of $1,897. I
• $1,897 — of $3,600 and other general expenses of $1,897. In the prior period, we incurred $36,0
• $12,300 — oup Inc. (Note 5), professional fees of $12,300, OTC Market and state fees of $3,750 an
• $3,750 — f $12,300, OTC Market and state fees of $3,750 and other general expenses of $1,628.
• $1,628 — of $3,750 and other general expenses of $1,628. Other Income For the three months e
• $14,051 — onths ended May 31, 2023, we recognized $14,051 of other income from the write of accou
• $39,627 — ed May 31, 2024 was $55,097 compared to $39,627 for the three months ended May 31, 2023
• $9,856 — flows used in operating activities was $9,856 compared to $21,254 used by operating a
• $21,254 — ating activities was $9,856 compared to $21,254 used by operating activities in the pri
• $16,500 — and 2023, our CEO advanced the Company $16,500 and $19,985, respectively. Plan of Ope

Filing Documents

• anvi_10q.htm (10-Q) — 219KB
• ex31x1.htm (EX-31.1) — 7KB
• ex32x1.htm (EX-32.1) — 3KB
• 0001553350-24-000066.txt ( ) — 1391KB
• anvi-20240531.xsd (EX-101.SCH) — 12KB
• anvi-20240531_cal.xml (EX-101.CAL) — 21KB
• anvi-20240531_def.xml (EX-101.DEF) — 21KB
• anvi-20240531_lab.xml (EX-101.LAB) — 147KB
• anvi-20240531_pre.xml (EX-101.PRE) — 111KB
• anvi_10q_htm.xml (XML) — 66KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS 1 Condensed Balance Sheets as of May 31, 2024 (unaudited) and February 29, 2024 1 Condensed Statements of Operations for the Three Months Ended May 31, 2024 and 2023 (unaudited) 2 Condensed Statements of Stockholders' Deficit for the Three Months Ended May 31, 2024 and 2023 (unaudited) 3 Condensed Statements of Cash Flows for the Three Months Ended May 31, 2024 and 2023 (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 May 31, 2024 February 29, 2024 ASSETS (Unaudited) (Audited) Current Assets: Cash $ 7,978 $ 1,334 Prepaids 9,100 13,000 Total Current Assets 17,078 14,334 Total Assets $ 17,078 $ 14,334 LIABILITIES AND STOCKHOLDERS' DEFICIT Current Liabilities: Accounts payable $ 27,102 $ 21,761 Accounts payable - related party 540,000 504,000 Accrued liabilities - related party 900,000 900,000 Due to an officer 565,305 548,805 Total current 2,032,407 1,974,566 Total Liabilities 2,032,407 1,974,566 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 ( 2,073,829 ) ( 2,018,732 ) Total Stockholders' Deficit ( 2,015,329 ) ( 1,960,232 ) Total Liabilities and Stockholders' Deficit $ 17,078 $ 14,334 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 May 31, 2024 2023 Operating Expenses: General and administrative expenses $ 55,097 $ 53,678 Total operating expenses 55,097 53,678 Loss from operations ( 55,097 ) ( 53,678 ) Other income: Gain on debt settlement — 14,051 Total other income — 14,051 Loss before income taxes ( 55,097 ) ( 39,627 ) Provision for income taxes — — Net loss $ ( 55,097 ) ( 39,627 ) 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 unaudited condensed financial statements. 2 ANVI GLOBAL HOLDINGS, INC.

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 May 31, 2024 compared to the three months ended May 31, 2023 Operating Expenses General and administrative expenses were $55,097 for the three months ended May 31, 2024, compared to $53,678 for the three months ended May 31, 2023, an increase of $1,419 or 2.6%. In the current period, we incurred $36,000 of expense from our service agreement with Strategic-IT Group Inc. (Note 5), professional fees of $13,600, OTC Market fees of $3,600 and other general expenses of $1,897. I

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, May 31, 2024. 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 May 31, 2024, based on criteria using the Internal Control - Integrated Framework (2013) is

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 During the quarter ended May 31, 2024, no director or officer of the Company adopted or terminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement", as each term is defined in Item 408(a) of Regulation S-K.

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: July 12, 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

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View this 10-Q filing on SEC EDGAR