RELATED PARTY TRANSACTIONS

12 Months Ended

Feb. 29, 2020

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. As of February 29, 2020 and February 28, 2019, the Company has an accrued, unpaid balance due of $828,000 and $684,000, 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 February 29, 2020 and February 28, 2019, the balance due was $221,565 and $189,765, respectively.

During the year ended February 29, 2020, the Company had advanced $103,700 to Anvi Private towards the operating expenses involved in procurement and logistics of supplying the ore to the unaffiliated South African company from which the Company has received the sales advance (Note 1). As of February 29, 2020, the advance has been expensed to cost of revenue.