Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
May 31, 2021 | Jul. 19, 2021 | |
Document and Entity Information: | ||
Entity Registrant Name | ANVI GLOBAL HOLDINGS, INC. | |
Document Type | 10-Q | |
Document Period End Date | May 31, 2021 | |
Amendment Flag | false | |
Entity Central Index Key | 0001570132 | |
Current Fiscal Year End Date | --02-28 | |
Entity Common Stock Shares Outstanding | 119,950,000 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Document Fiscal Year Focus | 2022 | |
Document Fiscal Period Focus | Q1 | |
Entity Shell Company | false | |
Is Entity Emerging Growth Company? | false | |
Entity Interactive Data Current | Yes | |
Entity Incorporation | NV | |
Entity File Number | 333-188648 | |
Entity's Reporting Status Current | Yes |
Condensed Balance Sheets
Condensed Balance Sheets - USD ($) | May 31, 2021 | Feb. 28, 2021 |
Current Assets: | ||
Cash | $ 3,999 | $ 4,063 |
Prepaids | 11,342 | 11,667 |
Total Current Assets | 15,341 | 15,730 |
Total Assets | 15,341 | 15,730 |
Current Liabilities | ||
Accounts payable | 37,117 | 34,098 |
Accounts payable - related party | 108,000 | 72,000 |
Accrued liabilities, related party | 900,000 | 900,000 |
Due to an officer | 335,458 | 321,458 |
Total Current | 1,380,575 | 1,327,556 |
Total Liabilities | 1,380,575 | 1,327,556 |
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, 119,950,000 shares issued and outstanding | 119,950 | 119,950 |
Additional paid-in capital | (61,450) | (61,450) |
Accumulated deficit | (1,423,734) | (1,370,326) |
Total Stockholders' Deficit | (1,365,234) | (1,311,826) |
Total Liabilities and Stockholders' Deficit | $ 15,341 | $ 15,730 |
Condensed Balance Sheets (Paren
Condensed Balance Sheets (Parenthetical) - $ / shares | May 31, 2021 | Feb. 28, 2021 |
Statement of Financial Position [Abstract] | ||
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 500,000,000 | 500,000,000 |
Common stock, shares issued | 119,950,000 | 119,950,000 |
Common stock, shares outstanding | 119,950,000 | 119,950,000 |
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 |
Condensed Statements of Operati
Condensed Statements of Operations - USD ($) | 3 Months Ended | |
May 31, 2021 | May 31, 2020 | |
Operating Expenses: | ||
General and administrative expenses | $ 53,408 | $ 53,833 |
Total operating expenses | 53,408 | 53,833 |
Loss from operations | (53,408) | (53,833) |
Loss before income taxes | (53,408) | (53,833) |
Provision for income taxes | ||
Net loss | $ (53,408) | $ (53,833) |
Basic and diluted loss per share | $ 0 | $ 0 |
Basic and diluted weighted average shares | 119,950,000 | 119,950,000 |
Condensed Statements of Stockho
Condensed Statements of Stockholders' Equity (Deficit) - USD ($) | Common Stock | Additional Paid-In Capital | Accumulated Deficit | Total |
Beginning balance, value at Feb. 29, 2020 | $ 119,950 | $ (61,450) | $ (1,137,445) | $ (1,078,945) |
Beginning balance, shares at Feb. 29, 2020 | 119,950,000 | |||
Net loss | (53,833) | (53,833) | ||
Ending balance, value at May. 31, 2020 | $ 119,950 | (61,450) | (1,191,278) | (1,132,778) |
Ending balance, shares at May. 31, 2020 | 119,950,000 | |||
Beginning balance, value at Feb. 28, 2021 | $ 119,950 | (61,450) | (1,370,326) | (1,311,826) |
Beginning balance, shares at Feb. 28, 2021 | 119,950,000 | |||
Net loss | (53,408) | (53,408) | ||
Ending balance, value at May. 31, 2021 | $ 119,950 | $ (61,450) | $ (1,423,736) | $ (1,365,234) |
Ending balance, shares at May. 31, 2021 | 119,950,000 |
Condensed Statements of Cash Fl
Condensed Statements of Cash Flows - USD ($) | 3 Months Ended | |
May 31, 2021 | May 31, 2020 | |
Cash flows from operating activities: | ||
Net loss | $ (53,408) | $ (53,833) |
Changes in assets and liabilities: | ||
Prepaids | 325 | 3,000 |
Accounts payable | 3,019 | (2,376) |
Accrued liabilities, related party | 36,000 | 36,000 |
Net cash used in operating activities | (14,064) | (17,209) |
Cash flows from investing activities: | ||
Cash flows from financing activities: | ||
Advances from an officer | 14,000 | 17,877 |
Net cash provided by financing activities | 14,000 | 17,877 |
Net increase in cash | (64) | 668 |
Cash, beginning of period | 4,063 | 493 |
Cash, end of period | 3,999 | 1,161 |
Cash paid during the period for: | ||
Interest paid | ||
Income taxes paid |
ORGANIZATION AND DESCRIPTION OF
ORGANIZATION AND DESCRIPTION OF BUSINESS | 3 Months Ended |
May 31, 2021 | |
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” “AGH”) was incorporated under the laws of the State of Nevada on August 15, 2012. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 3 Months Ended |
May 31, 2021 | |
Summary Of Significant Accounting Policies | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 - 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, 2022. 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, 2021. 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 three months ended May 31, 2021 or the year ended February 28, 2021. Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
GOING CONCERN
GOING CONCERN | 3 Months Ended |
May 31, 2021 | |
Going Concern | |
GOING CONCERN | NOTE 3 - GOING CONCERN The accompanying unaudited 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 $1,423,734 as of May 31, 2021. 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. |
PREPAID TRANSACTIONS
PREPAID TRANSACTIONS | 3 Months Ended |
May 31, 2021 | |
Prepaid Transactions | |
PREPAID TRANSACTIONS | NOTE 4 – PREPAID TRANSACTIONS As of May 31, 2021 February 28, 2021, the Company had $11,342 and $11,667 of prepaid expenses, respectively, for OTC Market’s annual fee and accounting services. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 3 Months Ended |
May 31, 2021 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 5 - 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. On July 27, 2020, the service agreement was assigned to Anvi Global Inc (a company owned by the CEO). As of May 31, 2021 and , the Company has an accrued, unpaid balance due of $900,000 and $900,000, respectively. On July 27, 2020, Strategic-IT Group Inc., assigned their service agreement with the Company to Anvi Global, Inc. All terms under the original agreement remain the same. Anvi Global, Inc. is owned by the CEO. As of May 31, 2021 and , the Company has accounts payable due to Anvi Global, Inc. of $108,000 and $72,000, respectively. Since 2018 Rama Mohan R. Busa, CEO, has advanced funds to the Company from his personal account and related companies. The advances are to pay for operating expenses, are unsecured, non-interest bearing and due on demand. As of May 31, 2021 and , the balance due was $ and $321,458, respectively. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 3 Months Ended |
May 31, 2021 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 6 – 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 and has determined that it does not have any material subsequent events to disclose in these financial statements. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 3 Months Ended |
May 31, 2021 | |
Summary Of Significant Accounting Policies Policies Abstract | |
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, 2022. 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, 2021. |
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. |
Concentrations of Credit Risk | 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 and Cash Equivalents | 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 three months ended May 31, 2021 or the year ended February 28, 2021. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | May 31, 2021 | Feb. 28, 2021 |
Going Concern Details Abstract | ||
Accumulated deficit | $ 1,423,734 | $ 1,370,326 |
PREPAID TRANSACTIONS (Details N
PREPAID TRANSACTIONS (Details Narrative) - USD ($) | May 31, 2021 | Feb. 28, 2021 |
Prepaid expenses | $ 11,342 | $ 11,667 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | May 28, 2014 | May 31, 2021 | May 31, 2020 | Feb. 28, 2021 | May 31, 2021 |
Related Party Transaction [Line Items] | |||||
Accrued, unpaid balance | $ 900,000 | $ 900,000 | $ 900,000 | ||
Advances from an officer | 14,000 | $ 17,877 | |||
Accounts payable - related party | $ 108,000 | 72,000 | 108,000 | ||
CEO | |||||
Related Party Transaction [Line Items] | |||||
Advances from an officer | $ 321,458 | $ 335,458 | |||
CEO | Service Agreement [Member] | |||||
Related Party Transaction [Line Items] | |||||
Monthly service fee | $ 12,000 |