Anvi Global Holdings, Inc 10-K for FY2023

Anvi Global Holdings, Inc. (ANVI)

10-K 2023-05-30 For: 2023-02-28

Added on April 06, 2026

About this 10-K

Anvi Global Holdings, Inc filed this 10-K on May 30, 2023, covering the fiscal year ended February 28, 2023 (FY2023).

Headline figures

Fiscal year ended February 28, 2023, as reported in this filing, compared with the same period a year earlier where the filing states it.

Net loss: $231.5K; compared with a net loss of $231.53K a year earlier

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Nevada				33-1226144
(State or Other Jurisdiction				(I.R.S. Employer
of Incorporation or Organization)				Identification No.)

Securities registered pursuant to Section 12(b) of the Act: None

Securities registered pursuant to Section 12(g) of the Act: None
Common Stock, $.001 par value Title of Class
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. ☐ Yes ☒ No

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. ☒ Yes ☐ No

Large accelerated filer ☐	Accelerated filer ☐
Non-accelerated filer ☒	Smaller reporting company ☒
	Emerging growth company ☐

If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☐

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). ☐ Yes ☒ No

As of May 22, 2023, the registrant had 119,950,000 shares of common stock issued and outstanding. No market value has been computed based upon the fact that no active trading market has been established as of May 22, 2023.

		PAGE
	PART I
Item 1.	Business.	1

Item 1A.	Risk Factors.	1

Item 1B.	Unresolved Staff Comments.	1

Item 2.	Properties.	1

Item 3.	Legal Proceedings.	1

Item 4.	Mine Safety Disclosures.	1

	PART II
Item 5.	Market for Registrant’s Common Equity and Related Shareholder Matters and Issuer Purchases of Equity Securities.	2

Item 6.	[Reserved]	2

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

Item 7A.	Quantitative and Qualitative Disclosures About Market Risk.	4

Item 8.	Financial Statements and Supplementary Data.	4

Item 9.	Changes In and Disagreements With Accountants on Accounting and Financial Disclosure.	14

Item 9A.	Controls and Procedures.	14

Item 9B.	Other Information.	15

Item 9C.	Disclosure Regarding Foreign Jurisdictions That Prevent Inspections.	15

	PART III
Item 10.	Directors, Executive Officers and Corporate Governance.	16

Item 11.	Executive Compensation.	17

Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.	17

Item 13.	Certain Relationships and Related Transactions, and Director Independence.	18

Item 14.	Principal Accountant Fees and Services.	18

	PART IV
Item 15.	Exhibits, Financial Statement Schedules.	19

Item 16.	Form 10-K Summary.	19

	Signatures	21

	(i)	filing of Exchange Act reports, and
	(ii)	costs relating to developing our business plan

Report of Independent Registered Public Accounting Firm (Fruci & Associates II, PLLC, Spokane, WA, Auditor Firm ID: 5525)	5

Balance Sheets as of February 28, 2023 and 2022	6

Statements of Operations for the Years Ended February 28, 2023 and 2022	7

Statements of Stockholders’ Deficit for the years ended February 28,2023 and 2022	8

Statements of Cash Flows for the Years Ended February 28, 2023 and 2022	9

Notes to the Financial Statements	10


	February 28, 2023			February 28, 2022
ASSETS
Current Assets:
Cash	$	1,567		$	6,891
Prepaids		12,500			11,850

Total Current Assets		14,067			18,741

Total Assets	$	14,067		$	18,741

LIABILITIES AND STOCKHOLDERS' DEFICIT

Current Liabilities:
Accounts payable	$	48,904		$	78,265
Accounts payable - related party		360,000			180,000
Accrued liabilities - related party		900,000			900,000
Due to an officer		480,020			403,830
Total current		1,788,924			1,562,095

Total Liabilities		1,788,924			1,562,095

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		(1,833,357	)		(1,601,854	)

Total Stockholders’ Deficit		(1,774,857	)		(1,543,354	)

Total Liabilities and Stockholders' Deficit	$	14,067		$	18,741


	For the Years Ended
	February 28,
	2023			2022
Operating Expenses:
General and administrative expenses	$	231,503		$	231,528
Total operating expenses		231,503			231,528

Loss from operations		(231,503	)		(231,528	)

Loss before income taxes		(231,503	)		(231,528	)

Provision for income taxes		—			—

Net loss	$	(231,503	)		(231,528	)

Basic loss per share	$	(0.00	)	$	(0.00	)

Basic weighted average shares		119,950,000			119,950,000


	Common Stock				Additional						Total
	Shares		Amount		Paid in Capital			Accumulated Deficit			Stockholders' Deficit
Balance, February 28, 2021		119,950,000	$	119,950	$	(61,450	)	$	(1,370,326	)	$	(1,311,826	)
Net Loss		—		—		—			(231,528	)		(231,528	)
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	)

Level 1:	Level 1 inputs are unadjusted quoted prices in active markets for identical assets or liabilities.

Level 2:	Level 2 inputs are inputs other than quoted prices included in Level 1 that are observable, either directly or indirectly. Level 2 inputs include quoted prices for similar assets, quoted prices in markets that are not considered to be active, and observable inputs other than quoted prices such as interest rates.

Level 3:	Level 3 inputs are unobservable inputs.

Schedule of Net Deferred Tax Assets
	February 28, 2023			February 28, 2022
Deferred tax asset attributable to:
Net operating loss carryover	$	(385,000	)	$	(336,000	)
Less: valuation allowance		385,000			336,000
Net deferred tax asset	$	—		$	—

Schedule of Provision for Federal Income Taxes
	February 28, 2023			February 28, 2022
Federal income tax benefit attributable to:
Current Operations	$	49,000		$	47,000
Less: valuation allowance		(49,000	)		(47,000	)
Net provision for Federal income taxes	$	—		$	—

1.	Any bankruptcy petition filed by or against any business of which Mr. Busa was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time.
2.	Any conviction in a criminal proceeding or being subject to a pending criminal proceeding.
3.	An order, judgment, or decree, not subsequently reversed, suspended or vacated, or any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting Mr. Busa’s involvement in any type of business, securities or banking activities.
4.	Any finding by a court of competent jurisdiction (in a civil action), the Securities and Exchange Commission or the Commodity Future Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended or vacated.
5.	Any order, judgment or decree, not subsequently reversed, suspended or vacated, of any Federal or State authority barring, suspending or otherwise limiting for more than 60 days the right to engage in any securities activity, or to be associated with persons engaged in any such activity;
6.	Any finding by a court of competent jurisdiction in a civil action or by the Commission to have violated any Federal or State securities law, and the judgment in such civil action or finding by the Commission has not been subsequently reversed, suspended, or vacated;
7.	Any subject of, or a party to, any Federal or State judicial or administrative order, judgment, decree, or finding, not subsequently reversed, suspended or vacated, relating to an alleged violation of:
	i.	Any Federal or State securities or commodities law or regulation; or
	ii.	Any law or regulation respecting financial institutions or insurance companies including, but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and-desist order, or removal or prohibition order; or
	iii.	Any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity; or
8.	Any subject of, or a party to, any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization (as defined in Section 3(a)(26) of the Exchange Act (15 U.S.C. 78c(a)(26))), any registered entity (as defined in Section 1(a)(29) of the Commodity Exchange Act (7 U.S.C. 1(a)(29))), or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member.

	·		each of our executive officers;
	·		each director;
	·		each person known to us to own more than 5% of our outstanding common stock; and
	·		all of our executive officers and directors and as a group.

Title of Class	Name and Address of Beneficial Owner	Amount and Nature of Beneficial Ownership	Percentage
	*Directors and named Executive Officers*
Common Stock	Rama Mohan R. Busa 1135 Kildaire Farm Rd, Suite 319-4 Cary, NC 27511	83,478,042 shares of common stock (1)		69.60%
	All officers and directors (1 person)	83,478,042 shares of common stock (1)		69.60%

	*Beneficial Owners of 5% or more*
Common Stock	Dushyant Reddy Chavva Plot 242/B Rd #76, Jubilee Hills, Telangana, Hyderabad, India	12,810,000 shares of common stock		10.68%

	2023		2022
Audit fees	$	16,250	$	15,500
Audit related fees	$	—	$	—
Tax fees	$	—	$	—
All other fees	$	—	$	—
Total	$	16,250	$	15,500

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 (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document)	X
101.SCH	Inline XBRL Taxonomy Extension Schema Document	X
101.CAL	Inline XBRL Taxonomy Extension Calculation Linkbase Document	X
101.DEF	Inline XBRL Taxonomy Extension Definition Linkbase Definition	X
101.LAB	Inline XBRL Taxonomy Extension Label Linkbase Document	X
101.PRE	Inline XBRL Taxonomy Extension Presentation Linkbase Document	X
104	Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)	X

	ANVI GLOBAL HOLDINGS, INC.


	By:	/s/ Rama Mohan R. Busa
		Rama Mohan R. Busa Chief Executive Officer and Chief Financial Officer

/s/ Rama Mohan R. Busa
Rama Mohan R. Busa,
Chief Executive Officer and
Chief Financial Officer