Anvi Global (ANVI) 10-Q 12 Jan 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Nov. 30, 2017	Jan. 11, 2018
Document and Entity Information:
Entity Registrant Name	ANVI GLOBAL HOLDINGS, INC.
Document Type	10-Q
Document Period End Date	Nov. 30, 2017
Amendment Flag	false
Entity Central Index Key	1,570,132
Current Fiscal Year End Date	--02-28
Entity Common Stock Shares Outstanding		94,950,000
Entity Filer Category	Smaller Reporting Company
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3

Condensed Balance Sheets

Condensed Balance Sheets - USD ($)	Nov. 30, 2017	Feb. 28, 2017
Current Assets:
Cash	$ 7,710
Total Current Assets	7,710
Total Assets	7,710	0
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Accounts payable	2,150
Accrued liabilities, related party	504,000	396,000
Due to an officer	87,835
Total Liabilities	593,985	396,000
Stockholders' Equity (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, 94,950,000 and 94,950,000 shares issued and outstanding, respectively	94,950	94,950
Additional paid-in capital	(61,450)	(61,450)
Common stock to be issued	25,000
Accumulated deficit	(644,775)	(429,500)
Total Stockholders' Deficit	(586,275)	(396,000)
Total Liabilities and Stockholders' Equity (Deficit)	$ 7,710	$ 0

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - $ / shares	Nov. 30, 2017	Feb. 28, 2017
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	94,950,000	94,950,000
Common stock, shares outstanding	94,950,000	94,950,000

Condensed Statements of Operati

Condensed Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2017	Nov. 30, 2016
Income Statement [Abstract]
Revenue:
Operating Expenses:
Consulting	36,000	36,000	108,000	108,000
Professional fees	35,915		85,525
General & administrative expenses	9,407		21,750
Total operating expenses	81,322	36,000	215,275	108,000
Loss from operations	(81,322)	(36,000)	(215,275)	(108,000)
Loss before income taxes	(81,322)	(36,000)	(215,275)	(108,000)
Provision for income taxes
Net loss	$ (81,322)	$ (36,000)	$ (215,275)	$ (108,000)
Basic loss per share	$ (0.01)	$ 0	$ (0.02)	$ (0.01)
Basic weighted average shares	94,950,000	94,950,000	94,950,000	94,950,000

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows - USD ($)	9 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Cash flows from operating activities:
Net loss	$ (215,275)	$ (108,000)
Changes in assets and liabilities:
Accounts payable	2,150
Accrued liabilities, related party	108,000	108,000
Net cash used in operating activities	(105,125)
Cash flows from investing activities:
Cash flows from financing activities:
Advances from an officer	87,835
Proceeds from the sale of common stock	25,000
Net cash provided by financing activities	112,835
Net increase in cash	7,710
Cash, beginning of period
Cash, end of period	$ 7,710

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	9 Months Ended
	Nov. 30, 2017
Organization, Consolidation and Presentation of Financial Statements:
ORGANIZATION AND DESCRIPTION OF BUSINESS	NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS Anvi Global Holdings, Inc., (the “Company”) was incorporated under the laws of the State of Nevada on August 15, 2012, and intended to sell crepes in Czech Republic. That proposed business was abandoned when a change of control of the Company was effected May 6, 2014. On April 30, 2014, Tatiana Fumioka (the “Seller”), entered into a Common Stock Purchase Agreement (the “Stock Purchase Agreement”) pursuant to which the Seller agreed to sell to Mr. Rama Mohan R. Busa (the “Purchaser”), with his principal place of business in Cary, NC, the 8,000,000 shares of common stock of the Company owned by Ms. Fumioka, constituting approximately 75.83% of the Company’s outstanding common stock to be transferred to the name of Mr. Rama Mohan R. Busa, for $375,000. The sale was consummated on May 6, 2014. As a result of the sale, there was a change of control of the Registrant. This was a private transaction between the Seller and Purchaser, and no new shares of the Company were sold or issued. On September 27, 2017 the Company changed its name from Vetro Inc. to Anvi Global Holdings, Inc. On November 21, 2017, FINRA approved the new symbol ANVI, and a 9-for-1 forward split of the Company’s common shares.

GOING CONCERN

GOING CONCERN	9 Months Ended
	Nov. 30, 2017
Going Concern
GOING CONCERN	NOTE 2 - GOING CONCERN The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has had no revenue and has accumulated a deficit of $644,775 as of November 30, 2017. The Company requires capital for its contemplated operational and marketing activities. The Company’s ability to raise additional capital through the future issuances of common stock is unknown. The obtainment of additional financing, the successful development of the Company’s contemplated plan of operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company to continue operations. These conditions and the ability to successfully resolve these factors raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements of the Company do not include any adjustments that may result from the outcome of these uncertainties. The Company has discussed ways in order to mitigate conditions or events that may raise substantial doubt about its ability to continue as a going concern, there are no assurances that any of these measures will successfully mitigate or be effective at all. (1) The Company shall pursue financing plans to raise funds to judiciously spend towards operational expenses, (2) The Company shall continue to employ low cost measures to operate its business and analyze any unnecessary cost or expense, (3) The Company will seek to avoid unnecessary expenditures, travel, and lodging costs that are not mission critical to its business.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Nov. 30, 2017
Summary Of Significant Accounting Policies
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The Company’s unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying unaudited condensed financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown and are not necessarily indicative of the results to be expected for the full year ending February 28, 2018. These unaudited condensed financial statements should be read in conjunction with the financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended February 28, 2017. 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. Reclassifications Certain reclassifications have been made to the prior period financial information to conform to the presentation used in the financial statements for the three and nine months ended November 30, 2017. Recent Accounting Pronouncements The Company has reviewed all recently issued accounting pronouncements and plans to adopt those that are applicable to it. The Company does not expect the adoption of any other pronouncements to have an impact on its results of operations or financial position.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Nov. 30, 2017
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 4 - RELATED PARTY TRANSACTIONS On May 28, 2014, the Company executed a service agreement with Strategic-IT Group Inc. Strategic-IT Group Inc. is owned and operated by Rama Mohan R. Busa, CEO. Services to be provided at $12,000 a month include, but are not limited to, providing office space, IT and related services, business consulting, and investor relations. As of November 30, 2017, the Company has an accrued, unpaid balance due of $504,000. During the nine months ended November 30, 2017, Rama Mohan R. Busa, CEO, advanced the Company $87,835 from his personal account and related companies. The advance was to pay for operating expenses, is unsecured, non-interest bearing and is due on demand.

COMMON STOCK

COMMON STOCK	9 Months Ended
	Nov. 30, 2017
Stockholders' Equity Note [Abstract]
COMMON STOCK	NOTE 5 – COMMON STOCK On September 27, 2017, the Board consented to increase the Company’s authorized common shares to 500,000,000, to effect a 9-for-1 forward split of the Company’s 10,550,000 issued and outstanding common shares. The forward split was approved by FINRA on November 21, 2017. All shares throughout these financial statements have been retroactively adjusted to reflect the forward split. On December 6, 2017, Anvi Global, Inc., a privately-owned related party company (“Anvi Private”) was issued 25,000,000 post-forward split shares, in exchange for Anvi Private’s investment of $25,000 into ANVI ($.001 per share). As of November 30, 2017, the shares were not issued by the transfer agent, and thus have been debited to common stock to be issued.

PREFERRED STOCK

PREFERRED STOCK	9 Months Ended
	Nov. 30, 2017
PREFERRED STOCK [Abstract]
PREFERRED STOCK	NOTE 6 – PREFERRED STOCK On September 27, 2017, the Board consented to authorize 50,000,000 Preferred Shares, par value $0.001. The Preferred Stock may be issued in one or more series, each series to be appropriately designated by a distinguishing letter or title, prior to the issuance of any shares thereof. As of November 30, 2017, no Preferred Shares have been issued.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Nov. 30, 2017
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 7 – SUBSEQUENT EVENTS In accordance with SFAS 165 (ASC 855-10) management has performed an evaluation of subsequent events through the date that the financial statements were available to be issued, January 11, 2018 and has determined that it does not have any material subsequent events to disclose in these financial statements.

SUMMARY OF SIGNIFICANT ACCOUN13

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Nov. 30, 2017
Summary Of Significant Accounting Policies Policies
Basis of Presentation	Basis of Presentation The Company’s unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying unaudited condensed financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown and are not necessarily indicative of the results to be expected for the full year ending February 28, 2018. These unaudited condensed financial statements should be read in conjunction with the financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended February 28, 2017.
Use of Estimates	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.
Reclassifications	Reclassifications Certain reclassifications have been made to the prior period financial information to conform to the presentation used in the financial statements for the three and nine months ended November 30, 2017.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company has reviewed all recently issued accounting pronouncements and plans to adopt those that are applicable to it. The Company does not expect the adoption of any other pronouncements to have an impact on its results of operations or financial position.

ORGANIZATION AND DESCRIPTION 14

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details) - Mr. Rama Mohan R Busa, CEO of ANVI Global, Inc. [Member]	May 06, 2014USD ($)shares
Shares of common stock sold | shares	8,000,000
Ownership percentage sold	75.83%
Value of common stock sold | $	$ 375,000

GOING CONCERN (Details)

GOING CONCERN (Details) - USD ($)	Nov. 30, 2017	Feb. 28, 2017
Going Concern
Accumulated deficit	$ 644,775	$ 429,500

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($)	9 Months Ended
	Nov. 30, 2017	Feb. 28, 2017
Related Party Transactions [Abstract]
Loan from officer	$ 87,835
Monthly fee	12,000
Accrued, unpaid balance	$ 504,000	$ 396,000

COMMON STOCK (Details)

COMMON STOCK (Details) - USD ($)	Dec. 06, 2017	Sep. 27, 2017	Nov. 30, 2017	Feb. 28, 2017
Related Party Transaction [Line Items]
Common stock, shares authorized		500,000,000	500,000,000	500,000,000
Stock split		to effect a 9-for-1 forward split of the Company’s 10,550,000 issued and outstanding common shares
Subsequent Event [Member] | Anvi Private [Member]
Related Party Transaction [Line Items]
Shares issued	25,000,000
Shares issued, value	$ 25,000
Shares issued price per share	$ 0.001

PREFERRED STOCK (Details)

PREFERRED STOCK (Details) - $ / shares	Nov. 30, 2017	Sep. 27, 2017	Feb. 28, 2017
PREFERRED STOCK [Abstract]
Preferred stock, par value	$ 0.001	$ 50,000,000	$ 0.001
Preferred stock, shares authorized	50,000,000	0.001	50,000,000