**UNITED STATES**

**SECURITIES ANDEXCHANGE COMMISSION**

**Washington, D.C.20549**

**Form 10 - K**

(Mark One)

[ x ]    ANNUAL REPORT UNDER SECTION 13 OR 15 (d) OF THESECURITIES EXCHANGE ACT OF 1934

For the Fiscal Period year ended November 30, 2009

[    ]    TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THESECURITIES EXCHANGE ACT OF 1934

For the transition period from ______________ to___________________

 

Commission filenumber: **000-51976**

**Monza VenturesInc.**

**----------------------------------------------**

(Exact name of smallbusiness issuer as specified in its charter)

| **Nevada**
**N/A**
			(State or other jurisdiction of incorporation or organization)
(IRS			Employer Number)
 

**1018 Huguang Rd.,Chang Chung, China, 130012**

----------------------------------------------------------

(Address ofprincipal executive office)

**949-419-6588**

----------------------------------

(Issuer's telephonenumber)

 

**n/a****-----------------**

(Former name, formeraddress and former fiscal year, if changed since last report)

 

Indicate by check mark if the registrant is a well-knownseasoned issuer, as defined in Rule 405 of the Securities Act:

Yes o No x

Indicate by check mark if the registrant is not required tofile reports pursuant to Section 13 or Section 15(d) of the Act:

Yes o No x

Indicate by check mark whether the registrant (1) has filedall reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter periodthat the registrant was required to file such reports), and (2) has been subjectto such filing requirements for the past 90 days:

Yes x No o

Indicate by check mark if disclosure of delinquent filerspursuant to Item 405 of Regulation S-K is not contained herein, and will not becontained, to the best of the registrant's knowledge, in definitive proxy orinformation statements incorporated by reference in Part III of this Form 10-Kor any amendment to this Form 10-K. o

Indicate by check mark whether the registrant is a largeaccelerated filer, an accelerated filer, a non-accelerated filer, or a smallerreporting company. See the definitions of "large accelerated filer,""accelerated filer" and "smaller reporting company" in Rule 12b-2 of theExchange Act:

Large accelerated filer o Accelerated filer o 

Non-accelerated filer o Smaller reporting company x 

(Do not check if a smaller reporting company) 

Indicate by check mark whether the registrant is a shellcompany (as defined in Rule 12b-2 of the Exchange Act):

Yes x   No o

The aggregate market value of Monza's Common Stock owned bynon-affiliates as of February 28, 2010 was $9,075,000.

Number of shares of each class of Monza Ventures' capitalstock outstanding as of February 28, 2010: 10,500,000 shares of common stock

 

1

 

 

**Monza VenturesInc.**

**FORM 10-K**

November 30, 2009Annual Report on Form 10-K

Table of Contents

 

*Part I*

Item 1.        Description of Business

Item 1A.     Risk Factors

Item 1B.     Unresolved Staff Comments

Item 2.        Description of Property

Item 3.        Legal Proceedings

Item 4.        Submission of Matters to a vote of SecurityHolders

*Part II*

Item 5.        Market for Registrant's Common Equity andRelated Stockholder Matters and Issuer Purchases of Equity Securities

Item 6.        Selected Financial Data

Item 7.        Management's Discussion and Analysis ofFinancial Condition and the Results of Operations

Item 7A.    Quantitative and Qualitative Disclosures AboutMarket Risk

Item 8.        Financial Statements and Supplementary Data

Item 9.        Changes In and Disagreements with Accountantson Accounting and Financial Disclosure

Item 9A.     Controls and Procedures

Item 9B.     Other Information

*Part III*

Item 10.      Directors, Executive Officers, Promoters andControl Persons; Compliance with Section 16(a) of the Exchange Act

Item 11.      Executive Compensation

Item 12.      Security Ownership of Certain Beneficial Ownersand Management and Related Stockholder Matters

Item 13.      Exhibits and Financial Statements Schedules

Item 14.      Principal Accountants Fees and Services

Signatures

 

2

 

FORWARD LOOKING STATEMENTS

CERTAIN STATEMENTS IN THIS ANNUAL REPORT ON FORM10-K, OR THE "REPORT," ARE "FORWARD-LOOKING STATEMENTS." THESE FORWARD-LOOKINGSTATEMENTS INCLUDE, BUT ARE  NOT LIMITED TO, STATEMENTS ABOUT THE PLANS,OBJECTIVES, EXPECTATIONS AND INTENTIONS OF MONZA VENTURES INC., A NEVADACORPORATION AND OTHER STATEMENTS CONTAINED IN THIS REPORT THAT ARE NOTHISTORICAL FACTS. FORWARD-LOOKING STATEMENTS IN THIS REPORT OR HEREAFTERINCLUDED IN OTHER PUBLICLY AVAILABLE DOCUMENTS FILED WITH THE SECURITIES ANDEXCHANGE COMMISSION, OR THE "COMMISSION," REPORTS TO OUR SHAREHOLDERS AND OTHERPUBLICLY AVAILABLE STATEMENTS ISSUED OR RELEASED BY US INVOLVE KNOWN AND UNKNOWNRISKS, UNCERTAINTIES AND OTHER FACTORS WHICH COULD CAUSE OUR ACTUAL RESULTS,PERFORMANCE (FINANCIAL OR OPERATING) OR ACHIEVEMENTS TO DIFFER FROM THE FUTURERESULTS, PERFORMANCE (FINANCIAL OR OPERATING) OR ACHIEVEMENTS EXPRESSED ORIMPLIED BY SUCH FORWARD-LOOKING STATEMENTS. SUCH FUTURE RESULTS ARE BASED UPONMANAGEMENT'S BEST ESTIMATES BASED UPON CURRENT CONDITIONS AND THE MOST RECENTRESULTS OF OPERATIONS. WHEN USED IN THIS REPORT, THE WORDS "EXPECT,""ANTICIPATE," "INTEND," "PLAN," "BELIEVE," "SEEK," "ESTIMATE" AND SIMILAREXPRESSIONS ARE GENERALLY INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS,BECAUSE THESE FORWARD-LOOKING STATEMENTS INVOLVE RISKS AND UNCERTAINTIES. THEREARE IMPORTANT FACTORS THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROMTHOSE EXPRESSED OR IMPLIED BY THESE FORWARD-LOOKING STATEMENTS, INCLUDING OURPLANS, OBJECTIVES, EXPECTATIONS AND INTENTIONS AND OTHER FACTORS.

 

**About Our Company**

Monza Ventures Inc. ("Monza") intends to commence operationsas an e-commerce retailer which will offer for sale overstocked inventory itemsfrom factories in China over the internet. The initial region we plan to marketour website to is North America. We currently have signed a contract with aCanadian business development firm to create and develop our website,foreignbargins.com. Our website will contain a wide variety of overstocked goodsfrom Chinese factories. Items that can be found on our website will varydepending on what items are over produced by the Chinese factories. We currentlydo not have any contracts, agreements, or understandings with any manufacturesin China.

We expect that our website will reach the beta phase ofdevelopment by the end of December  2010. We currently have not advanced beyondthe business plan state from our inception until the date of this filing. Inorder for us to begin commercialization of our product, we will need to raiseadditional capital. We currently do not have a specific plan to raise thesefunds. During September of 2005, we received initial funding through the sale ofcommon stock to investors. We do not intend to open any new stores; enter intoany type of new business; or, purchase equipment or other assets in the nexttwelve month period following the date of this prospectus. From inception untilthe date of this filing, we have had no material operating activities. Ourcurrent cash balance is $333. We anticipate that our current cash balance willnot satisfy our cash needs for the following twelve-month period.  

We plan to commence operations as an e-commerce retailer that allowscustomers to purchase overstocked inventory items from factories in China. Theinitial region that we plan to market our website to is North America. Ourwebsite will contain a wide variety of overstocked goods from Chinese factories.Items that can be found on our website will vary depending on what items areover produced by the Chinese factories. As of the date of this prospectus, we dohave any contracts, agreements, and understandings with any manufacturers inChina. We have currently signed a contract with a Canadian business developmentfirm to help us create and develop our website. We are planning to have ourwebsite fully developed and running by the end of December 2010.

This is the initial stage of our business. *From inception until the date of this filing,we have had no material operating activities. Our current cash balance is $333as of November 30, 2009. We anticipate that our current cash balance will notsatisfy our cash needs for the following twelve-month period. There can be noassurance that we will be successful in finding financing, or even if financingis found, that we will be successful in achieving profitable operations.*

*Our principal executiveoffices are located at 202 - 351 No. 13 Mai ZiDian Zao Ying Bei Li, ChaoyangDistrict, Beijing, 100024 and our telephone number is 949-419-6588. Our fiscalyear end is November 30th.*

*Purchase of Significant Equipment*

We do not intend to purchase any significant equipment overthe twelve months ending November 30, 2010.

*Revenue*

As of the date of this filing, we have not generated anyrevenues, as we have had no operational activities.

*Insurance*

Currently, we have no insurance coverage

*Employees*

Currently our only employees are our directors and officers.We do not expect any material changes in the number of employees over the next12 month period. We do and will continue to outsource contract employment asneeded. However, with project advancement and if we are successful in ourinitial and any subsequent operations, we may retain additional employees.

**Item 1A:     Risk Factors**

In addition to the other information in this report and our other filingswith the SEC, you should carefully consider the risks described below. Theserisks are not the only ones facing us. Additional risks and uncertainties notpresently known to us or that we currently believe to be immaterial may alsoimpair our business operations. If any of the following risks occur, ourbusiness, financial condition or operating results could be materially andadversely affected. 

Risks associated with Monza Ventures Inc.:

*Because our auditors have issued a going concern opinion,there is substantial uncertainty we will continue activities in which case youcould lose your investment.*

Our auditors have issued a going concern opinion. This meansthat there is substantial doubt that we can continue as an ongoing business forthe next twelve months. As such we may have to cease activities and you couldlose your investment.

*Because we have not yet commenced operations we face ahigh risk of business failure.*

We were incorporated on September 6, 2005 and to date havebeen involved primarily in organizational activities. As of the date of thisfiling, we have not earned any revenues. Accordingly, you can evaluate ourbusiness, and therefore our future prospects, based only on a limited operatinghistory. Potential investors should be aware of the difficulties normallyencountered by development stage companies and the high rate of failure for suchenterprises.

*If we are not able to effectively respond to competition,our business may fail.*

There will be many companies in this e-commerce industry thatwill compete with us. Most of these competitors have established businesses withreturning customers. We will attempt to compete against these groups by offeringa higher quality of products and services to our customers. However, we cannotassure you that such a strategy will be successful, or that competitors will notcopy our business strategy. Our inability to achieve sales and revenues due tocompetition will have an adverse effect on our business operations and financialcondition.

*Because all of our assets and our officers and directorsare located outside the United States of America, it may be difficult for aninvestor to enforce within the United States any judgments obtained against usor any of our officers and directors.*

All of our assets are located outside of the United States andwe do not currently maintain a permanent place of business within the UnitedStates. In addition, our directors and officers are nationals and/or residentsof countries other than the United States, and all or a substantial portion ofsuch persons' assets are located outside the United States. As a result, it maybe difficult for an investor to effect service of process or enforce within theUnited States any judgments obtained against us or our officers or directors,including judgments predicated upon the civil liability provisions of thesecurities laws of the United States or any state thereof. In addition, there isuncertainty as to whether the courts of China and other jurisdictions wouldrecognize or enforce judgments of United States courts obtained against us orour director and officer predicated upon the civil liability provisions of thesecurities laws of the United States or any state thereof, or be competent tohear original actions brought in China or other jurisdictions against us or ourdirector and officer predicated upon the securities laws of the United States orany state thereof.

*Because our management only has limited technical trainingor experience in starting, and operating an e-commerce operation, management'sdecisions and choices may not take into account standard e-commerce ormanagerial approaches e-commerce companies commonly use. As a result, we mayhave to suspend or cease activities which will result in the loss of yourinvestment.*

Our management has limited experience with exploring for,starting, and operating a e-commerce business. Further, our management has nodirect training or experience in these areas and as a result may not be fullyaware of many of the specific requirements related to working within theindustry. Management's decisions and choices may not take into account standardor managerial approaches e-commerce companies commonly use. Consequently ouractivities, earnings and ultimate financial success could suffer irreparableharm due to management's lack of experience in this industry. As a result we mayhave to suspend or cease activities which will result in the loss of yourinvestment.

*Because we do not maintain any insurance, if a judgment isrendered against us, we may have to cease operations.*

We do not maintain any insurance and do not intend to maintaininsurance in the future. Because we do not have any insurance, if we are made aparty to a lawsuit, we may not have sufficient funds to defend the litigation.In the event that we do not defend the litigation or a judgment is renderedagainst us, we may have to cease operations.

***Risks Associated with Our Common Stock***

*Trading in our common shares on the OTC Bulletin Board islimited and sporadic making it difficult for our shareholders to sell theirshares or liquidate their investments.*

Our common shares are currently listed for public trading onthe OTC Bulletin Board. The trading price of our common shares has been subjectto wide fluctuations. Trading prices of our common shares may fluctuate inresponse to a number of factors, many of which will be beyond our control. Thestock market has generally experienced extreme price and volume fluctuationsthat have often been unrelated or disproportionate to the operating performanceof companies with no current business operation. There can be no assurance thattrading prices and price earnings ratios previously experienced by our commonshares will be matched or maintained. These broad market and industry factorsmay adversely affect the market price of our common shares, regardless of ouroperating performance. 

In the past, following periods of volatility in the marketprice of a company's securities, securities class-action litigation has oftenbeen instituted. Such litigation, if instituted, could result in substantialcosts for us and a diversion of management's attention and resources. 

*Our stock is a penny stock. Trading of our stock may berestricted by the SEC's penny stock regulations which may limit a stockholder'sability to buy and sell our stock.*

Our stock is a penny stock. The Securities and ExchangeCommission has adopted Rule 15g-9 which generally defines "penny stock" to beany equity security that has a market price (as defined) less than $5.00 pershare or an exercise price of less than $5.00 per share, subject to certainexceptions. Our securities are covered by the penny stock rules, which imposeadditional sales practice requirements on broker-dealers who sell to personsother than established customers and "accredited investors". The term"accredited investor" refers generally to institutions with assets in excess of$5,000,000 or individuals with a net worth in excess of $1,000,000 or annualincome exceeding $200,000 or $300,000 jointly with their spouse. The penny stockrules require a broker-dealer, prior to a transaction in a penny stock nototherwise exempt from the rules, to deliver a standardized risk disclosuredocument in a form prepared by the SEC which provides information about pennystocks and the nature and level of risks in the penny stock market. Thebroker-dealer also must provide the customer with current bid and offerquotations for the penny stock, the compensation of the broker-dealer and itssalesperson in the transaction and monthly account statements showing the marketvalue of each penny stock held in the customer's account. The bid and offerquotations, and the broker-dealer and salesperson compensation information, mustbe given to the customer orally or in writing prior to effecting the transactionand must be given to the customer in writing before or with the customer'sconfirmation. In addition, the penny stock rules require that prior to atransaction in a penny stock not otherwise exempt from these rules; thebroker-dealer must make a special written determination that the penny stock isa suitable investment for the purchaser and receive the purchaser's writtenagreement to the transaction. These disclosure requirements may have the effectof reducing the level of trading activity in the secondary market for the stockthat is subject to these penny stock rules. Consequently, these penny stockrules may affect the ability of broker-dealers to trade our securities. Webelieve that the penny stock rules discourage investor interest in and limit themarketability of our common stock. 

*The Financial Industry Regulatory Authority, or FINRA, hasadopted sales practice requirements which may also limit a stockholder's abilityto buy and sell our stock.*

In addition to the "penny stock" rules described above, FINRAhas adopted rules that require that in recommending an investment to a customer,a broker-dealer must have reasonable grounds for believing that the investmentis suitable for that customer. Prior to recommending speculative low pricedsecurities to their non-institutional customers, broker-dealers must makereasonable efforts to obtain information about the customer's financial status,tax status, investment objectives and other information. Under interpretationsof these rules, FINRA believes that there is a high probability that speculativelow priced securities will not be suitable for at least some customers. FINRArequirements make it more difficult for broker-dealers to recommend that theircustomers buy our common stock, which may limit your ability to buy and sell ourstock and have an adverse effect on the market for our shares. 

**Item 2:    Description of Property**

*Executive Offices*

Our principal offices are located at 1018 Huguang Rd., ChangChung, China, 130012, , Beijing, 100024. Our telephone number at our principaloffice is 011-86-43185918321.  We believe that our office space and facilitiesare sufficient to meet our present needs and do not anticipate any difficultysecuring alternative or additional space, as needed, on terms acceptable to us.

**Item 3:     Legal Proceedings**

There are no existing, pending or threatened legal proceedings involving MonzaVentures Inc., or against any of our officers or directors as a result of theirinvolvement with the Company. 

 

**Item 4:      Submission of Matters to a Vote of Security Holders**

There were no matters submitted to a vote of security holdersduring the fiscal period ended November 30, 2009.

 

***PART II***

**Item 5:    Market for Common Equity, Related StockholderMatters and Small Business Issuer Purchases of Equity Securities**

The Company's Common stock is presently listed on the OTCBulletin Board under the symbol "MZAV". Our common stock has been listed on theOTC Bulletin Board since May 2008. 

The following table reflects the high and low bid informationfor our common stock obtained from Stockwatch and reflects inter-dealer prices,without retail mark-up, markdown or commission, and may not necessarilyrepresent actual transactions.

The high and low bid prices of our common stock for the periods indicatedbelow are as follows:

**National Association			of Securities Dealers****OTC Bulletin Board**
**Quarter End**
**High**
**Low**
May 31, 2009
$10.25
$10.25
August 31st, 2009
$10.25
$10.25
November 30, 2009
$10.25
$10.25
As of November 30, 2009, there were approximately 29stockholders of record of the Company's Common Stock. As of such date,10,500,000 common shares were issued and outstanding.

Our common shares are issued in registered form. SignatureStock Transfer Inc., 2220 Coit Rd, Ste 480, Plano TX, 75075-3762 is theregistrar and transfer agent for our common shares.

The Company has not paid any cash dividends to date, and ithas no intention of paying any cash dividends on its common stock in theforeseeable future. The declaration and payment of dividends is subject to thediscretion of its Board of Directors. The timing, amount and form of dividends,if any, will depend on, among other things, results of operations, financialcondition, cash requirements and other factors deemed relevant by the Board ofDirectors.    

There are no outstanding options or warrants or convertiblesecurities to purchase our common equity.      

The Company has never issued securities under and does nothave any equity compensation plan.

We did not purchase any of our shares of common stock or othersecurities during our fiscal year ended November 30, 2009.

**Item 6:     Selected Financial Data**

 
**As			of**
**As			of**
**As			of**
**As			of**
 
**November 30, 2009**
**November 30, 2008**
**November 30, 2007**
**November 30, 2006**
**Balance Sheet**
 
 
 
 
Total			Assets
$333
$339
			$7,976
			$5,490
Total			Liabilities
			$90,105
			$71,405
			$51,596
			$27,685
			Stockholders Equity (Deficit)
			($89,772)
			($71,066)
			$(43,620)
			$(22,195)
 
 
 
 
 
 
**For the**
**For the**
**For the**
**From Inception**
 
**Year ended**
**Year Ended**
**Year Ended**
**to**
 
**November 30, 2009**
**November 30, 2008**
**November 30, 2007**
**November 30, 2006**
**Income Statement**
 
 
 
 
			Revenues
$ -
$ -
$ -
$ -
Total			Expenses
			$21,196
			$30,127
			$23,659
			$23,068
Net			Loss
			($21,196)
			($30,127)
			($23,659)
			($23,068)
 
 
 
 
 
 

**Item 7:     Management's Discussion and Analysis or Plan ofOperation**

*The following is adiscussion and analysis of our plan of operation for the next year endedNovember 30, 2010, and the factors that could affect our future financialcondition and plan of operation.*

*This discussion andanalysis should be read in conjunction with our financial statements and thenotes thereto included elsewhere in this annual report. Our financial statementsare prepared in accordance with United States generally accepted accountingprinciples. All references to dollar amounts in this section are in UnitedStates dollars unless expressly stated otherwise. Please see our "Risk Factors"for a list of our risk factors.*

*Cash Requirements*

Monza Ventures Inc. was incorporated in the state of Nevada onSeptember 6, 2005. We intend to commence operations as an e-commerce retailerwhich will offer for sale overstocked inventory items from factories in Chinaover the internet. The initial region we plan to market our website to is NorthAmerica. We currently have signed a contract with a Canadian businessdevelopment firm to create and develop our website. We expect that our websitewill reach the beta phase of development by the end of December 2010. Wecurrently have not advanced beyond the business plan state from our inceptionuntil the date of this filing. In order for us to begin commercialization of ourproduct, we will need to raise additional capital. 

We currently have not advanced beyond the business plan statefrom our inception until the date of this filing. From inception until the dateof this filing, we have had no material operating activities. Our current cashbalance is $333. We anticipate that our current cash balance will not satisfyour cash needs for the following twelve-month period. There can be no assurancethat we will be successful in finding financing, or even if financing is found,that we will be successful in proceeding with profitable operations.

Not accounting for our working capital deficit of $89,772, werequire additional funds of approximately $25,000 at a minimum to proceed withour plan of operation over the next twelve months, exclusive of any capitalinvestments. As we do not have the funds necessary to cover our projectedoperating expenses for the next twelve month period, we will be required toraise additional funds through the issuance of equity securities, through loansor through debt financing. There can be no assurance that we will be successfulin raising the required capital or that actual cash requirements will not exceedour estimates. 

Our auditors have issued a going concern opinion for the yearended November 30, 2009. This means that there is substantial doubt that we cancontinue as an on-going business for the next twelve months unless we obtainadditional capital to pay our bills. This is because we have not generated anysignificant revenues and no significant revenues are anticipated until ourcommercial operations begin. As we had cash in the amount of $333 and a workingcapital deficit in the amount of $89,772 as of November 30, 2009, we do not havesufficient working capital to enable us to carry out our stated plan ofoperation for the next twelve months. We will require additional funds toimplement our operations. These funds may be raised through equity financing,debt financing, or other sources, which may result in further dilution in theequity ownership of our shares. We currently do not have any arrangements inplace for the completion of any debt financings or private placement financingsand there is no assurance that we will be successful in completing any debtfinancing or private placement financing.

**Estimated Net Expenditures During the Next TwelveMonths**

General and administrative 
$
 8,000
 
Rent 
$
12,000			
 
Professional fees 
$
 5,000			
 
**Total**
**$**
** 25,000**
 
*Liquidity and Capital Resources*

As of the date of this annual report, we have not generatedany revenues from our business activities.

As of November 30, 2009, our total assets were $333 and ourtotal liabilities were $90,105  and we had a working capital deficit of $89,772.Our financial statements report a net loss of $21,196 for the year endedNovember 30, 2009, and a net loss of $121,127 for the period from September 6,2005 (date of incorporation) to November 30, 2009. Our losses have increasedprimarily as a result of professional fees and office facility costs incurred.Our net loss from operations decreased to $21,196 for the year ended November30, 2009, as compared to $30,127 for the year ended November 30, 2008.

The continuation of our business is dependent upon obtainingfurther financing, a successful implementation of our business plan, and,finally, achieving a profitable level of operations. The issuance of additionalequity securities by us could result in a significant dilution in the equityinterests of our current stockholders. Obtaining commercial loans, assumingthose loans would be available, will increase our liabilities and future cashcommitments. 

There are no assurances that we will be able to obtain furtherfunds required for our continued operations. As noted herein, we are pursuingvarious financing alternatives to meet our immediate and long-term financialrequirements. 

There can be no assurance that additional financing will beavailable to us when needed or, if available, that it can be obtained oncommercially reasonable terms. If we are not able to obtain the additionalfinancing on a timely basis, we will be unable to conduct our operations asplanned, and we will not be able to meet our other obligations as they becomedue. In such event, we will be forced to scale down or perhaps even cease ouroperations.

*Purchase of Significant Equipment*

We do not intend to purchase any significant equipment overthe twelve months ending November 30, 2010. 

*Employees*

Currently our only employees are our directors and officers.We do not expect any material changes in the number of employees over the next12 month period. We do and will continue to outsource contract employment asneeded.

*Going Concern*

We have suffered recurring losses from operations. Thecontinuation of our company as a going concern is dependent upon our companyattaining and maintaining profitable operations and raising additional capital.The financial statements do not include any adjustment relating to the recoveryand classification of recorded asset amounts or the amount and classification ofliabilities that might be necessary should our company discontinue operations.

Due to the uncertainty of our ability to meet our currentoperating expenses and the capital expenses noted above, in their report on theannual financial statements for the year ended November 30, 2009, ourindependent auditors included an explanatory paragraph regarding the substantialdoubt about our ability to continue as a going concern. Our financial statementscontain additional note disclosures describing the circumstances that lead tothis disclosure by our independent auditors.

The continuation of our business is dependent upon us raisingadditional financial support. The issuance of additional equity securities by uscould result in a significant dilution in the equity interests of our currentstockholders. Obtaining commercial loans, assuming those loans would beavailable, will increase our liabilities and future cash commitments.

**Item 8:    Financial Statements**

The financial statements required to be filed pursuant to thisItem 8 begin on page F-1 of this report.

**Item 9:    Changes In Disagreements With Accountants onAccounting and Financial Disclosure**

None

***Item 9A: Controls and Procedures***

***Management's Report on Disclosure Controls andProcedures***

**Our management hasevaluated, under the supervision and with the participation of our chiefexecutive officer and chief financial officer, the effectiveness of ourdisclosure controls and procedures as of the end of the period covered by thisreport pursuant to Rule 13a-15(b) under the Securities Exchange Act of 1934("the Exchange Act").   Based on that evaluation, our chief executive officerand chief financial officer have concluded that, as of the end of the periodcovered by this report, our disclosure controls and procedures are not effectivein ensuring that information required to be disclosed in our Exchange Actreports is (1) recorded, processed, and summarized and reported with the timeperiods specified in the Securities and Exchange Commission's rules and formsand (2) accumulated and communicated to our management, including our chiefexecutive officer and chief financial officer, as appropriate to allow timelydecisions regarding required disclosure.**

***Management's Report on Internal Control over FinancialReporting***

**Our management isresponsible for establishing and maintaining adequate internal control overfinancial reporting (as defined in Rule 13a-15(f) under the Securities ExchangeAct, as amended). In fulfilling this responsibility, estimates and judgments bymanagement are required to assess the expected benefits and related costs ofcontrol procedures. The objectives of internal control include providingmanagement with reasonable, but not absolute, assurance that assets aresafeguarded against loss from unauthorized use or disposition, and thattransactions are executed in accordance with management's authorization andrecorded properly to permit the preparation of consolidated financial statementsin conformity with accounting principles generally accepted in the UnitedStates. Our management assessed the effectiveness of our internal control overfinancial reporting as of November 30, 2009. In making this assessment, ourmanagement used the criteria set forth by the Committee of SponsoringOrganizations of the Treadway Commission ("COSO") in Internal Control-IntegratedFramework. Our management has concluded that, as of November 30, 2009, ourinternal control over financial reporting is effective in providing reasonableassurance regarding the reliability of financial reporting and the preparationof financial statements for external purposes in accordance with US generallyaccepted accounting principles.**

**This annual reportdoes not include an attestation report of our company's registered publicaccounting firm regarding internal control over financial reporting.Management's report was not subject to attestation by our company's registeredpublic accounting firm pursuant to temporary rules of the Securities andExchange Commission that permit our company to provide only management's reportin this annual report.**

***Changes in Internal Control over Financial Reporting***

There have been no significant changes in our internalcontrols over financial reporting that occurred during the year ended November30, 2009 that have materially or are reasonably likely to materially affect, ourinternal controls over financial reporting.

***Inherent limitations on effectiveness of controls***

**Internal controlover financial reporting has inherent limitations which include but is notlimited to the use of independent professionals for advice and guidance,interpretation of existing and/or changing rules and principles, segregation ofmanagement duties, scale of organization, and personnel factors. Internalcontrol over financial reporting is a process which involves human diligence andcompliance and is subject to lapses in judgment and breakdowns resulting fromhuman failures. Internal control over financial reporting also can becircumvented by collusion or improper management override. Because of itsinherent limitations, internal control over financial reporting may not preventor detect misstatements on a timely basis, however these inherent limitationsare known features of the financial reporting process and it is possible todesign into the process safeguards to reduce, though not eliminate, this risk.Therefore, even those systems determined to be effective can provide onlyreasonable assurance with respect to financial statement preparation andpresentation. Projections of any evaluation of effectiveness to future periodsare subject to the risk that controls may become inadequate because of changesin conditions, or that the degree of compliance with the policies or proceduresmay deteriorate.**

 

***PARTIII***

 

**Item 10:    Directors, Executive Officers,Promoters and Control Persons; Compliance with Section 16(a) of the Exchange Act**

**Officers and Directors**

Each of our directors serves until his or her successor iselected and qualified. Each of our officers is elected by the board of directorsto a term of one (1) year and serves until his or her successor is duly electedand qualified, or until he or she is removed from office. The board of directorshas no nominating, auditing or compensation committees.

The name, age, and position of our present officers anddirectors are set forth below:

**Name**
**Age**
**Position Held**
Chen Wang 
47
President, Principal Executive Officer,			Principal Financial Officer, Principal Accounting Officer,			Treasurer, Secretary, and Director
Peng Jian Zhi
39
Director
Yuan Wei
25
Director
Each director serves until our next annual meeting of thestockholders or unless they resign earlier. The Board of Directors electsofficers and their terms of office are at the discretion of the Board ofDirectors.

**Background of officers and directors**

In 2006, Mr.Chen Wang has over 20 years of experience as amanagement consultant, specializing in the field of manufacturing. For the lastfive years, Mr. Wang has been self employed as a consultant to domestic PRCmanufacturers.

Mr. Peng Jian Zhi has over 15 years of experience as an importer/exporter ofretail goods in Asia. For the last five years, Mr. Zhi has been self employedand serves as a consultant to domestic PRC firms seeking advice on sourcing andprocurement of goods.

Mr. Yuan Wei has over 7 years of experience with Internet start up companiesin various capacities, from computer programmer to an executive management role.For the last five years, Mr. Wei has been a sole proprietor of an E-Commerceconsulting company operated under his own name in China. 

*Other Committees of the Board*

*Compensation Committee*

We do not have a compensation committee. 

*Nominating Committee*

We do not have a Nominating Committee, our entire board ofdirectors perform the functions of a Nominating Committee and oversee theprocess by which individuals may be nominated to our board of directors.

The current size of our board of directors does not facilitatethe establishment of a separate committee. We hope to establish a separateNominating Committee consisting of independent directors, if the number of ourdirectors is expanded.

*Family Relationships*

There are no family relationships between any director orexecutive officer.

*Involvement in Certain Legal Proceedings*

Our directors, executive officers and control persons have notbeen involved in any of the following events during the past five years:

1. any bankruptcy petition filed by or against any		business of which such person was a general partner or executive officer		either at the time of the bankruptcy or within two years prior to that		time;
 
 
2. any conviction in a criminal proceeding or		being subject to a pending criminal proceeding (excluding traffic		violations and other minor offenses);
 
 
3. being subject to any order, judgment, or		decree, not subsequently reversed, suspended or vacated, of any court of		competent jurisdiction, permanently or temporarily enjoining, barring,		suspending or otherwise limiting his involvement in any type of		business, securities or banking activities; or
 
 
4. being found by a court of competent		jurisdiction (in a civil action), the Securities and Exchange Commission		or the Commodity Futures Trading Commission to have violated a federal		or state securities or commodities law, and the judgment has not been		reversed, suspended, or vacated.
 

*Section 16(a) Beneficial Ownership Compliance*

Section 16(a) of the Securities Exchange Act requires ourexecutive officers and directors, and persons who own more than 10% of ourcommon stock, to file reports regarding ownership of, and transactions in, oursecurities with the Securities and Exchange Commission and to provide us withcopies of those filings. Based solely on our review of the copies of such formsreceived by us, or written representations from certain reporting persons, webelieve that during fiscal year ended November 30, 2009, all filing requirementsapplicable to its officers, directors and greater than 10% percent beneficialowners were complied with, with the exception of the following:

**Name**
**Number of Late****Reports**
**Number of Transactions Not****Reported on a Timely Basis**
**Failure to File****Requested Forms**
Chen Wang
Nil 
Nil 
Nil 
Peng Jian Zhi
Nil
Nil
Nil
Yuan Wei
Nil 
Nil 
Nil 
Andrew Wong
Nil
Nil
Nil
*Nomination Process*

As of February 28, 2010, we did not effect any materialchanges to the procedures by which our shareholders may recommend nominees toour board of directors. Our board of directors does not have a policy withregards to the consideration of any director candidates recommended by ourshareholders. Our board of directors has determined that it is in the bestposition to evaluate our company's requirements as well as the qualifications ofeach candidate when the board considers a nominee for a position on our board ofdirectors. If shareholders wish to recommend candidates directly to our board,they may do so by sending communications to the President of our company at theaddress on the cover of this annual report.

*Audit Committee and Audit Committee Financial Expert*

We do not have a standing audit committee at the present time.Our board of directors has determined that we do not have a board member thatqualifies as an "audit committee financial expert" as defined in Item 401(e) ofRegulation S-B, nor do we have a board member that qualifies as "independent" asthe term is used in Item 7(d) (3) (iv) of Schedule 14A under the SecuritiesExchange Act of 1934, as amended.

We believe that the members of our board of directors arecapable of analyzing and evaluating our financial statements and understandinginternal controls and procedures for financial reporting. The board of directorsof our company does not believe that it is necessary to have an audit committeebecause we believe that the functions of an audit committee can be adequatelyperformed by the board of directors, consisting of Michael Hill and OscarFernandez. In addition, we believe that retaining an independent director whowould qualify as an "audit committee financial expert" would be overly costlyand burdensome and is not warranted in our circumstances given the early stagesof our development and the fact that we have not generated any revenues fromoperations to date.

**Code of Ethics**

The Company has adopted code of ethics for all of theemployees, directors and officers which is attached to this Annual Report asExhibit 14.1.

**Item 11:    Executive Compensation**

*Executive Compensation*

The particulars of compensation paid to the following persons:

(a) our principal executive officer;
 
 
(b) each of our two most highly compensated		executive officers who were serving as executive officers at the end of		the year ended November 30, 2009; and
 
 
(c) up to two additional individuals for whom		disclosure would have been provided under (b) but for the fact that the		individual was not serving as our executive officer at the end of the		year ended November 30, 2009,
who we will collectively refer to as our named executiveofficers, of our company for the years ended November 30, 2009 and November 30,2008, are set out in the following summary compensation table, except that nodisclosure is provided for any named executive officer, other than our principalexecutive officer, whose total compensation does not exceed $100,000 for therespective fiscal year: 

 

**SUMMARY COMPENSATION TABLE**
**Name****and Principal****Position**
**Year**
**Salary****($)**
**Bonus****($)**
**Stock****Awards****($)**
**Option****Awards****($)**
**Non-Equity****Incentive****Plan****Compensa-****tion****($)**
**Change in****Pension****Value and****Nonqualified****Deferred****Compensation****Earnings****($)**
**All****Other****Compensa-****tion****($)**
**Total****($)**
Chen Wang (1) *President,**Chief**Executive Officer,**Secretary**and**Treasurer*
2009
$Nil
$Nil
$Nil
$Nil
$Nil
$Nil
$Nil
$Nil
Andrew Wong (2) *Former President,**Chief**Executive Officer,**Secretary**and**Treasurer*
2009

2008
$Nil

$Nil
$Nil

$Nil
$Nil

$Nil
$Nil

$Nil
$Nil

$Nil
$Nil

$Nil

 
$Nil

$Nil
$Nil

$Nil
 
 
 
               
There are no compensatory plans or arrangements with respectto our executive officers resulting from their resignation, retirement or othertermination of employment or from a change of control.

*Outstanding Equity Awards at Fiscal Year-End*

As at November 30, 2009, there were no unexercised options orstock that had not vested in regards to our executive officers, and there wereno equity incentive plan awards for our executive officers during the year endedNovember 30, 2009.

*Options Grants in the Year Ended November 30, 2009*

During the year ended November 30, 2009, no stock options weregranted to our executive officers.

*Aggregated Options Exercised in the Year Ended November30, 2009 and Year End Option Values*

There were no stock options exercised during the year endedNovember 30, 2009 and no stock options held by our executive officers at the endof the year ended November 30, 2009.

*Repricing of Options/SARS*

We did not reprice any options previously granted to ourexecutive officers during the year ended November 30, 2009.

*Director Compensation*

Directors of our company may be paid for their expensesincurred in attending each meeting of the directors. In addition to expenses,directors may be paid a sum for attending each meeting of the directors or mayreceive a stated salary as director. No payment precludes any director fromserving our company in any other capacity and being compensated for suchservice. Members of special or standing committees may be allowed similarreimbursement and compensation for attending committee meetings. During the yearended November 30, 2009, we did not pay any compensation or grant any stockoptions to our directors.

**Indemnification**

Under our Articles of Incorporation and Bylaws of thecorporation, we may indemnify an officer or director who is made a party to anyproceeding, including a law suit, because of his position, if he acted in goodfaith and in a manner he reasonably believed to be in our best interest. We mayadvance expenses incurred in defending a proceeding. To the extent that theofficer or director is successful on the merits in a proceeding as to which heis to be indemnified, we must indemnify him against all expenses incurred,including attorney's fees. With respect to a derivative action, indemnity may bemade only for expenses actually and reasonably incurred in defending theproceeding, and if the officer or director is judged liable, only by a courtorder. The indemnification is intended to be to the fullest extent permitted bythe laws of the State of Nevada. 

Regarding indemnification for liabilities arising under theSecurities Act of 1933, which may be permitted to directors or officers underNevada law, we are informed that, in the opinion of the Securities and ExchangeCommission, indemnification is against public policy, as expressed in the Actand is, therefore, unenforceable.

**Item 12: Security Ownership of Certain BeneficialOwners and Management and Related Stockholder Matters**

The following table sets forth, as of February 28, 2010,certain information with respect to the beneficial ownership of our common stockby each stockholder known by us to be the beneficial owner of more than 5% ofour common stock and by each of our current directors and executive officers.Each person has sole voting and investment power with respect to the shares ofcommon stock. Beneficial ownership consists of a direct interest in the sharesof common stock, except as otherwise indicated. The address for each person isour address at 1018 Huguang Rd., Chang Chung, China, 130012, , Beijing, 100024.

**Name and Address of Beneficial Owner**
**Amount and Nature of****Beneficial Ownership**
**Percentage****of Class(1)**
Chen Wang
		Nil 
		0% 
*Directors and Executive Officers as a Group*
Nil
0.%
*Change in Control*

We are not aware of any arrangement that might result in achange in control of our company in the future.

*Equity Plan Compensation Information*

Our company does not currently have a stock option plan orother form of equity plan.

*Certain Relationships and Related Transactions*

No director, executive officer, principal shareholder holdingat least 5% of our common shares, or any family member thereof, had any materialinterest, direct or indirect, in any transaction, or proposed transaction,during the year ended November 30, 2009, in which the amount involved in thetransaction exceeded or exceeds the lesser of $120,000 or one percent of theaverage of our total assets at the year end for the last three completed fiscalyears.

*Corporate Governance*

We do not have a standing audit committee at the present time.Our board of directors has determined that we do not have a board member thatqualifies as an "audit committee financial expert" as defined in Item 407(d) (5)(ii) of Regulation S-B. We have determined, however, that Chen Wang, Peng JianZhi, and Yuan Wei are an independent directors as defined in section 803 of theAmex Company Guide.

We believe that our members of our board of directors arecapable of analyzing and evaluating our financial statements and understandinginternal controls and procedures for financial reporting. The board of directorsof our company does not believe that it is necessary to have an audit committeebecause we believe that the functions of an audit committee can be adequatelyperformed by the board of directors. In addition, we believe that retaining anindependent director who would qualify as an "audit committee financial expert"would be overly costly and burdensome and is not warranted in our circumstancesgiven the early stages of our development and the fact that we have notgenerated any revenues from operations to date.

*Transactions with Independent Directors*

There were no transactions with any independent directors.

 

***Item 13: Exhibits***

*Exhibit No.                              Description*

3.1*                                         Articles of Incorporation of theCompany (incorporated by reference to the Form SB-2 filed with the Securitiesand Exchange Commission on January 4, 2006)

3.2*                                         Bylaws of the Company (incorporatedby reference to the Form SB-2 filed with the Securities and Exchange Commissionon January 4, 2006)   

10.1*                                       Asset Purchase Agreement(incorporated by reference to the Form SB-2 filed with the Securities andExchange Commission on January 4, 2006)

14                                            Code of Ethics

31                                            Certification of the ChiefExecutive Officer and Chief Financial Officer pursuant to Rule 13a-14 of theSecurities and Exchange Act of 1934 as amended, as adopted pursuant to Section302 of the Sarbanes-Oxley Act of 2002

32                                           Certification of the ChiefExecutive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

 

**Item 14: Principal Accountant Fees and Services**

1) Audit Fees

The aggregate fees billed for the last two fiscal years forprofessional services rendered by the principal accountant for the audit of theCompany's annual financial statements and review of financial statementsincluded in the Company's Form 10-Qs or services that are normally provided bythe accountant in connection with statutory and regulatory engagements for thosefiscal years was:

2009 - $2,000          Stan Lee, CPA

2008 - $4,700          M&K CPAS, PLLC

 

2) Audit - Related Fees

The aggregate fees billed in each of the last two fiscal yearsfor assurance and related services by the principal accountants that arereasonably related to the performance of the audit or review of the Company'sfinancial statements and are not reported in the preceding paragraph:

2009 - $0               Stan Lee, CPA

2008 - $0                M&K CPAS, PLLC  

3) Tax Fees

The aggregate fees billed in each of the last two fiscal yearsfor professional services rendered by the principal accountant for taxcompliance, tax advice, and tax planning was:

2009 - $0               Stan Lee, CPA

2008 - $0                M&K CPAS, PLLC 

4) All Other Fees

The aggregate fees billed in each of the last two fiscal yearsfor the products and services provided by the principal accountant, other thanthe services reported in paragraphs (1), (2), and (3) was:

2009 - $0                     Stan Lee, CPA

2008 - $0                     M&K CPAS, PLLC

            

 

 

 

12

 

**SIGNATURES**

Pursuant to the requirements of Section 13 or 15(d) of theSecurities Exchange Act of 1934, the Registrant has duly caused this report tobe signed on its behalf by the undersigned, thereunto duly authorized on this28th day of February, 2010

**MonzaVentures Inc.**

(Registrant)

By: /s/_Chen Wang

Chen Wang

Presidentand Chief Executive Officer

Pursuant to the requirements of the Securities Exchange Act of1934, this report has been signed below by the following persons on behalf ofthe registrant and in the capacities and on the dates indicated:

**Signature**
**Title**
**Date**
/s/ Chen Wang
President, CEO, Secretary, Treasurer and			Director
February 28, 2010
Chen Wang
 
 
 
 
 
 

 

**Monza VenturesInc.**

**(A DevelopmentStage Company)**

**INDEX TOFINANCIAL STATEMENTS**

 

Report of Independent Registered Public			Accounting Firm
 
 
 
Balance Sheets for the fiscal years ended			November 30, 2009 and 2008
F-2
 
 
Statements of Operations for the fiscal year			ended November 30, 2009 and 2008 and the period from September 6,			2005 (inception) through November 30, 2009
F-3
 
 
Statements of Cash Flows for the fiscal year			ended November 30, 2009 and 2008 and the period from September 6,			2005 (inception) through November 30, 2009
F-4
 
 
Statements of Stockholder's Equity (Deficit)			for the period from September 6, 2005 (inception) through November			30, 2009
F-5
 
 
Notes to Financial Statements 
F-6
 

 

 

 

F-1

 

 

 

   

**Monza VenturesInc.**

**(A DevelopmentStage Company)**

**Balance Sheets**

 

 

 
			November 30, 2009
			November 30, 2008
**ASSETS**
**Current Assets**
 
 
 
 
 
Cash and Cash Equivalents
			$               333
			$              339
**Total Current Assets**
333
339
 
 
 
Website Development Costs
-
-
 
-
-
 
 
 
**TOTAL ASSETS**
$    			333
$    			339
 
			========
			========
 
**LIABILITIES AND			STOCKHOLDERS' DEFICIT**
 
 
 
**Current Liabilities**
 
 
Accounts Payable and Accrued Liabilities
$   			3,198
$   			3,199
Due to Related Parties
41,000
37,206
Loan from Related Party
45,907
31,000
**TOTAL CURRENT LIABILITIES**
			         90,105
71,405
** **
 
 
**Stockholders' Deficit**
 
 
Common Stock
 
 
Authorized: 75,000,000 Common Shares at $0.001			par value
 
 
Issued and Outstanding: 10,500,000 Common			Shares
10,500
10,500
Additional paid-in capital
20,905
18,415
(Deficit) accumulated during the development			stage
			(121,177)
			(99,981)
**TOTAL STOCKHOLDERS' DEFICIT**
			(89,772)
			(71,066)
 
 
 
**TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT**
$ 333
$ 339
 
			=========
			========
 
 
 
**See Accompanying			Summary of Accounting Policies and Notes to Financial Statements**
 

 

F-2

**Monza Ventures Inc.**

**(A Development Stage Company)**

**Statements of Operations**

 

 
**For the Year Ended**
**September 6, 2005 (Inception), to November 30, 2009**
 
**November 30,**
 
**2009**
**2008**
**General and Administrative Expenses**
 
 
 
Filing Fees
$    -
$   			1,080
$   			 3,279
Bank Charges
442
181
1,033
Professional Fees
9,264
9,185
57,460
Interest Expense
2,490
2,681
7,405
Rent
9,000
12,000
47,000
Website Development
-
5,000
5,000
 
			(21,196)
			(30,127)
			(121,177)
 
 
 
 
Net (loss) for the period
$  			(21,196)
$  			(30,127)
$  			(121,177)
 
			==========
			==========
			=========
 
 
 
 
**Net Loss per Common Share**
 
 
  
Basic and diluted
$     			(0.00)
$     			(0.00)
 
 
 
 
 
**Weighted Average Number of Shares			Outstanding**
 
 
  
Basic and diluted
			10,500,000
			10,500,000
 
 

 
**See Accompanying			Summary of Accounting Policies and Notes to Financial Statements**
 

F-3

 

**Monza Ventures Inc.**

**(A Development Stage Company)**

**Statements of Cash Flows**

 

 
**For the Year Ended**
**September 6, 2005 (Inception), to November 30, 2009**
 
**November 30,**
 
**2009**
**2008**
**Cash Flows from Operating Activities**
 
 
 
Net (loss) for the period
$   			(21,196)
			$        (30,127)
$   			(121,177)
Imputed interest on related party transactions
2,490
2,681
7,405
*Changes in non-cash working capital items*
 
 
 
Accounts payable and accrued liabilities
10,000
12,603
44,198
**** |
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