FORWARD LOOKING STATEMENTS

Statements made in this Form 10-Q that are not historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.





DESCRIPTION OF OUR BUSINESS

Starguide Group, Inc. was incorporated in the State of Nevada on February 21, 2017 and established a fiscal year end of January 31. We are still in the development stage and as of today we have no revenues, have minimal assets and have incurred losses since inception. We were formed to engage in the distribution of Indian traditional art and crafts from India to individuals and wholesalers around the world. As of today, we have not identified any party to sell our products. Initially, our sole officer and director, Vicky Sharma will market our products. We intend to hire salespersons with good knowledge and connections in our market. The salesperson's job would be to find potential customers, and to set up agreements with them. We intend to focus on direct marketing efforts whereby our representative will directly contact. We plan to advertise our service and products on different websites and social networks using context ad. We plan to use internet catalogs and use many online marketing tools to direct traffic to our website and identify potential customers. In addition, we are going to issue monthly printed catalog and send it to our clients.





RESULTS OF OPERATION

As of July 31, 2021, we had deficit of $27,868. Our financial statements have been prepared assuming that we will continue as a going concern. We expect we will require additional capital to meet our long term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.

Three-month period ended July 31, 2021 compared to the three-month period ended July 31, 2020





Revenue

During the three-month periods ended July 31, 2021 and 2020, the Company did not generate any revenue.





Operating Expenses

During the three-month period ended July 31, 2021, we incurred total expenses and professional fees of $12,113 compared to $617 for the three-month period ended July 31, 2020. General and administrative and professional fee expenses incurred generally related to corporate overhead, financial and administrative contracted services, such as legal and accounting, developmental costs, and marketing expenses.






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Net Loss

Our net loss for the three-month period ended July 31, 2021 was $12,113 compared to $617 for the three-month period ended July 31, 2020.

Six-month period ended July 31, 2021 compared to the six-month period ended July 31, 2020





Revenue

During the six-month periods ended July 31, 2021 and 2020, the Company did not generate any revenue.





Operating Expenses

During the six-month period ended July 31, 2021, we incurred total expenses and professional fees of $17,229 compared to $5,040 for the six-month period ended July 31, 2020. General and administrative and professional fee expenses incurred generally related to corporate overhead, financial and administrative contracted services, such as legal and accounting, developmental costs, and marketing expenses.





Net Loss

Our net loss for the six-month period ended July 31, 2021 was $17,229 compared to $5,040 for the six-month period ended July 31, 2020.

LIQUIDITY AND CAPITAL RESOURCES

As at July 31, 2021 our total assets were $8,339 compared to $21,528 in total assets at January 31, 2021. As at July 31, 2021, total assets comprised of $7,807 in cash and $532 in net fixed assets. As at July 31, 2021 our current liabilities were $8,167 compared to $7,667 in current liabilities at January 31, 2021. As at July 31, 2021, current liabilities comprised of $500 in accounts payable and $7,667 in loans from related party.

Stockholders' equity was $172 as of July 31, 2021 compared to $13,861 as of January 31, 2021.

Cash Flows from Operating Activities

For the six-month period ended July 31, 2021, net cash flows used in operating activities was $16,530, consisting of net loss of $17,229 and depreciation expense of $134, decrease in prepaid expenses of $65 and increase in accounts payable of $500. For the six-month period ended July 31, 2020, net cash flows used in operating activities was $4,976 consisting of net loss of $5,040 and decrease in prepaid expenses of $64.

Cash Flows from Investing Activities

Cash flows used in investing activities during the six-month period ended July 31, 2021 was $-0-, compared to $800 for the six-month period ended July 31, 2020.

Cash Flows from Financing Activities

Cash flows provided by financing activities during the six-month period ended July 31, 2021 were $3,540, consisting entirely of proceeds from issuance of common stock compared to $5,650 for the six-month period ended July 31, 2020, consisting of loan from shareholder.






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PLAN OF OPERATION AND FUNDING

We expect that working capital requirements will continue to be funded through a combination of our existing funds and further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.

Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next twelve months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) acquisition of inventory; (ii) developmental expenses associated with a start-up business; and (iii) marketing expenses. We intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements. 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.

OFF-BALANCE SHEET ARRANGEMENTS

As of the date of this Quarterly Report, we do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.





GOING CONCERN

The independent auditors' report accompanying our January 31, 2021 financial statements contained an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. The financial statements have been prepared "assuming that we will continue as a going concern," which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business.






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