ANDO HOLDINGS LTD. The following discussion and analysis should be read in conjunction with our financial statements, including the notes thereto, appearing in this Form 10-K and are hereby referenced. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed below and elsewhere in this report. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this report. We believe it is important to communicate our expectations. However, our management disclaims any obligation to update any forward-looking statements whether as a result of new information, future events or otherwise.
These forward-looking statements are based on our management's current expectations and beliefs and involve numerous risks and uncertainties that could cause actual results to differ materially from expectations. You should not rely upon these forward-looking statements as predictions of future events because we cannot assure you that the events or circumstances reflected in these statements will be achieved or will occur. You can identify a forward-looking statement by the use of the forward-terminology, including words such as "may", "will", "believes", "anticipates", "estimates", "expects", "continues", "should", "seeks", "intends", "plans", and/or words of similar import, or the negative of these words and phrases or other variations of these words and phrases or comparable terminology. These forward-looking statements relate to, among other things: our sales, results of operations and anticipated cash flows; capital expenditures; depreciation and amortization expenses; sales, general and administrative expenses; our ability to maintain and develop relationship with our existing and potential future customers; and, our ability to maintain a level of investment that is required to remain competitive. Many factors could cause our actual results to differ materially from those projected in these forward-looking statements, including, but not limited to: variability of our revenues and financial performance; risks associated with technological changes; the acceptance of our products in the marketplace by existing and potential customers; disruption of operations or increases in expenses due to our involvement with litigation or caused by civil or
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political unrest or other catastrophic events; general economic conditions, government mandates; and, the continued employment of our key personnel and other risks associated with competition.
Overview
On
As of
On
On
Plan of Operation
The Company is currently pursuing business opportunities in
Results of Operations for the Year Ended
Revenues. The Company had no revenue for the years ended
Selling, General and Administrative Expenses. Selling, general and
administrative expenses for the year ended
Finance Cost. Interest Expense for the year ended
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--------------------------------------------------------------------------------Liquidity and Capital Resources
We measure our liquidity in a number of ways, including the following:
As of As of
September 30, 2019 September 30, 2018
Cash $ 61,816 $ 878
Prepaid Expenses 13,000 9,000
Related Party Loans 123,610 48,958
Working Deficit (120,669) (41,919)
Total Current liabilities $ 195,485 $ 51,797
Impact of Inflation
We believe that the rate of inflation has had negligible effect on our operations. We believe we can absorb most, if not all, increased non-controlled operating costs by increasing sales prices, whenever deemed necessary and by operating our Company in the most efficient manner possible.
We experienced net cash used in operating activities for the year ended
We experienced no cash flow from investing activities for years ended
Net Cash Provided by Financing Activities
We experienced net cash provided by financing activities in the amount of
Availability of Additional Funds
Based on our working capital deficit as of
Critical Accounting Policies and Estimates
Our financial statements and accompanying notes have been prepared in accordance
with
We qualify as an "emerging growth company", as defined in the Jumpstart Our
Business Startups Act, which became law in
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--------------------------------------------------------------------------------Recently Issued Accounting Pronouncements
Reference is made to the "Significant Accounting Pronouncements" in Note 3 to our financial statements included elsewhere in this report for information related to new accounting pronouncements.
Off-Balance Sheet Arrangements
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.
Material Commitments Nil.
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