Anvi Global Holdings, Inc., formerly Vetro 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.
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 Quarterly Report, the Company has not invested in or
acquired any assets or company.
Results of Operations
The three months ended November 30, 2020 compared to the three months ended
November 30, 2019
Operating Expenses
General and administrative expenses were $60,590 for the three months ended
November 30, 2020 compared to $53,977 for the three months ended November 30,
2019, an increase of $6,613 or 12.2%. In the current period, we incurred $36,000
of expense from our service agreement with Anvi Global Inc. (previously with
Strategic-IT Group Inc) (Note 5), professional fees of $8,700 and other general
expenses of $15,890. In the prior period, we incurred $36,000 from our service
agreements with Strategic-IT Group Inc, professional fees of $7,450 and other
general expenses of $10,527.
Net Loss
Our net loss for the three months ended November 30, 2020 was $60,590 compared
to $53,977 for the three months ended November 30, 2019.
The nine months ended November 30, 2020 compared to the nine months ended
November 30, 2019
Operating Expenses
General and administrative expenses were $164,765 for the nine months ended
November 30, 2020 compared to $182,506 for the nine months ended November 30,
2019, a decrease of $17,741 or 9.7%. In the current period, we incurred $108,000
of expense from our service agreement with Anvi Global Inc. (previously with
Strategic-IT Group Inc) (Note 5), professional fees of $28,460 and other general
expenses of $28,305. In the prior period, we incurred $108,000 from our service
agreements with Strategic-IT Group Inc, professional fees of $43,785 and other
general expenses of $30,721. We saw a decrease of our expenses in the current
period due to a decrease in professional fees as well as travel expense.
Net Loss
Our net loss for the nine months ended November 30, 2020 was $164,765 compared
to $182,506 for the nine months ended November 30, 2019.
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Liquidity and Capital Resources
Cash Flows from Operating Activities
For the nine-month period ended November 30, 2020, net cash flows used in
operating activities was $63,390 compared to $6,094 used by operating activities
in the prior period.
Cash Flows from Financing Activities
For the nine-month period ended November 30, 2020 and 2019, our CEO advanced the
Company $81,083 and $6,800, respectively.
Plan of Operation and Funding
We are no longer a "shell," as that term is defined in Rule 12b-2 under the
Securities and Exchange Act of 1934. However, we expect that working capital
requirements, except for our requirement to provide the financing for the MOA
with TUI described in Note 1, will continue to be funded through a combination
of related party loans and issuances of securities for cash.
We have no lines of credit or other bank financing arrangements capital and
generate revenues to meet long-term operating requirements. If and when we
commence any operations, additional issuances of equity or convertible debt
securities will result in dilution to our current shareholders. Further, such
securities might have rights, preferences or privileges senior to our common
stock. Additional financing may not be available upon acceptable terms, or at
all. If adequate funds are not available or are not available on acceptable
terms, we may not be able to take advantage of prospective new business
endeavors or opportunities, which could significantly and materially restrict
our business operations.
We do not currently engage in enough business activities that provide cash
flow. During the next twelve months we anticipate incurring costs related to:
(i) filing of Exchange Act reports, and
(ii) costs relating to developing our business plan
We believe we will be able to meet these costs through amounts, as necessary, to
be loaned to or invested in us by our controlling shareholder. Other than the
Company's attempt to raise capital for the TUI transaction, the Company believes
that, upon successful conclusion and satisfied legal compliance of respective
regulatory bodies, its planning of new business operations in the area of mining
in the Brazil and African regions, the Company will be able to be self-funding
from its operations.
To enable wider reach to different markets, to increase visibility and
demonstrate good corporate governance and to enhance investment opportunities,
AGH has initiated listing process at Dutch Caribbean Securities Exchange (DCSX).
In the process, on January 28, 2020, we received notice that the Dutch
Securities Exchange certified that Anvi Global Holding, Inc. was admitted as a
technical listing on the exchange's facility as per April 5, 2019. The Company
will be listed under the DCXS symbol ANVGH-US.
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