UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-Q
(Mark One)
xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period endedOctober 31, 2012
or
oTRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period fromto
Commission File Number333-170128
STEVIA NUTRA CORP.

U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 10-Q

(Exact name of registrant as specified in its charter)


Mark One

[ X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


For the quarterly period ended October 31, 2011


[   ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


For the transition period from ______ to _______


Commission File No. 333-170128



AAA BEST CAR RENTAL INC.
(Exact name of registrant as specified in its charter)


Nevada27-3038945

Nevada

(State or Other Jurisdictionother jurisdiction of Incorporationincorporation or Organization)

organization)

7500

(Primary Standard Industrial Classification Number)

EIN 27-3038945

(IRS Employer

Identification Number)

No.)



351 E 16th Street,
Paterson, NJ 07524
(973) 851-6863

 (Address and telephone number of principal executive offices)

Indicate by checkmark whether the issuer: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.   Yes [X ]   No[   ]



1 |Page



Indicate by check mark whether the registrant is a large accelerated filed, an accelerated filer, a non-accelerated filer, or a smaller reporting company.

Large accelerated filer [  ] Accelerated filer [   ] Non-accelerated filer [   ] Smaller reporting company [X]

Indicate by checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [  ]  No [ X ]

Applicable Only to Issuer Involved in Bankruptcy Proceedings During the Preceding Five Years.

N/A

Indicate by checkmark whether the issuer has filed all documents and reports required to be filed by Section 12, 13 and 15(d) of the Securities Exchange Act of 1934 after the distribution of securities under a plan confirmed by a court.  Yes[   ]  No[   ]

Applicable Only to Corporate Registrants

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the most practicable date:

37 Bannisters Road, Corner Brook, Newfoundland, CanadaA2H 1M5

Class

(Address of principal executive offices)

Outstanding

(Zip Code)
(709) 660-3056
(Registrant’s telephone number, including area code)
N/A
(Former name, former address and former fiscal year, if changed since last report)
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
xYESoNO
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).
xYESoNO
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a small reporting company.  See the definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
Large accelerated fileroAccelerated filero
Non-accelerated filero(Do not check if a smaller reporting company)Smaller reporting companyx
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act
oYESxNO
APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PRECEDING FIVE YEARS
Check whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court.
oYESoNO
APPLICABLE ONLY TO CORPORATE ISSUERS
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.
77,430,834 common shares issued and outstanding as of December 14, 2011

24 2012.
TABLE OF CONTENTS

PART I – FINANCIAL INFORMATION3

Common Stock, $0.001

Item 1.  Financial Statements

10,400,000




2 |Page





3

PART 1   

FINANCIAL INFORMATION

Item 1

Financial Statements (Unaudited)

4

   Balance Sheets

4

   Statements of Operations

5

   Statements of Cash Flows

6

   Notes to Financial Statements

7

Item 2.  

Management’sManagement's Discussion and Analysis of Financial Condition and Results of Operations

11

14

Item 3.  

Quantitative and Qualitative Disclosures About Market Risk

14

20

Item 4.

Controls and Procedures

14

20

PART II.

II – OTHER INFORMATION

20

Item 1   

1.  Legal Proceedings

15

20

Item 2.  

Unregistered Sales of Equity SecuritiesSecurities and Use of Proceeds

15

20

Item 3   

3.  Defaults Upon Senior Securities

15

20

Item 4      

4.  Mine Safety Disclosures

Submission of Matters to a Vote ofSecurity Holders

15

20

Item 5  

5.  Other Information

15

21

Item 6      

6.  Exhibits

Exhibits

16

21

SIGNATURES

Signatures

16

23



3 |Page



2
PART 1I – FINANCIAL INFORMATION



AAA BEST CAR RENTAL INC

 (A Development Stage Company)

Balance Sheets

 

 

 

 

 

 

 

 

 

Assets

 

 

 

 

 

 

 

 

 

October 31,

 

July 31,

 

 

 

2011 (Unaudited)

 

2011

(Audited)

Current Assets

 

 

 

 

 

 

Cash

$

3,868

$

8,354

 

Prepaid Expenses

 

3,336

 

5,836

    

     

Total  Current Assets

 


7,204



14,190


Total Assets

 

$

7,204

$

14,190


Liabilities and Stockholders’ Equity

 

 

 

 

 

 

 

 

 

 

Current Liabilities

 

 

 

 

 

Loan from Director

$

12,617

$

1,117

 

Accounts Payable

 

-

 

238

 


Total Current Liabilities

 


12,617



1,355


Total Liabilities

 


12,617

 


1,355

 

 

 

 

 

Stockholders’ Equity

 

 

 

 

 

 

 

 

 

 

  

 Common stock, $0.001par value, 75,000,000 shares authorized;

 

 

 

 

 

 10,400,000 shares issued and outstanding

 

10,400

 

10,400

 

Additional paid-in-capital

 

21,600

 

21,600

 

Deficit accumulated during the development stage

 

(37,413)

 

(19,165)


Total stockholders’ equity (deficit)

 


(5,413)

 


12,835


Total liabilities and stockholders’ equity


$


7,204


$


14,190

 

 

The accompanying notes are an integral part of these financial statements.



4 |Page




AAA BEST CAR RENTAL INC

 (A Development Stage Company)

Statements of Operations (Unaudited)

 

Three months ended October 31, 2011

 

Three months ended October 31, 2010

 

From Inception

On April 30,

2010 to

October 31,

2011

 

Revenue

$

-

$

-

$

1,150

 

 

 

 

 

 

 

Operating Expenses

 

 

 

 

 

 

     General and Administrative Expenses

 

15,475

 

5,848

 

31,053

     Transfer Agent Fees

 

2,773

 

-

 

6,937

 Total Operating Expenses

 

18,248

 

5,848

 

37,990

 

 (Loss) Before Other Expenses

 

(18,248)

 

(5,848)

 

(37,990)

 

 Other Expense     

 

 

 

 

 

 

 

       Depreciation

 

-

 

-

 

(135)

 

       (Loss) on sale of fixed assets

 

-

 

-

 

(442)

     Net (loss)

$

(18,248)

$

(5,848)

$

(37,413)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Loss) per common share – Basic and diluted

$

(0.00)

$

(0.00)

 

 

 

 

 

 

 

 

Weighted Average Number of Common Shares Outstanding

10,400,000

8,000,000

 

 

 

 

 

 

 

 


The accompanying notes are an integral part of these financial statements.

 




5 |Page




AAA BEST CAR RENTAL INC

 (A Development Stage Company)

Statements of Cash Flows (Unaudited)

 

Three months ended October 31, 2011



Three months ended October 31, 2010

From Inception

On April 30,

2010 to

October 31,

2011

Operating Activities

 

 

 

 

Net (loss) for the period

$ (18,248)

$   (5,848)

$ (37,413)

 

Adjustments to reconcile net loss to net cash used in operating activities:

 

 

 

 

   Depreciation expense

-

-

135

 

   Loss on sale of fixed assets

-

-

442

 

Changes in operating assets and liabilities:

 

 

 

 

  Accounts payable

(238)

-

-

 

  Prepaid expenses

2,500

-

(3,336)

 


Net cash (used) for operating activities


(15,986)


(5,848)


(40,172)

 

 

 

 

Investing Activities

 

 

 

     Proceed from sale of fixed assets

-

-

600

     Cash paid for purchase of fixed assets

-

(1,177)

(1,177)

 

 

 

 

     Net cash (used) for investing activities

-

(1,777)

(577)

 

 

 

 

Financing Activities

 

 

 

 

Loans from Director

12,500

-

13,617

 

Repayment of Loan to Director

(1,000)

-

(1,000)

 

Sale of common stock

-

-

32,000

 


Net cash provided by financing activities


11,500


-


44,617

 

 

 

 

 

Net increase (decrease) in cash and equivalents

(4,486)

(7,025)

3,868

 

 

 

 

Cash and equivalents at beginning of the period

8,354

7,984

-


Cash and equivalents at end of the period


$           3,868


$             959


3,868

 

 

 

 

 

 

Supplemental cash flow information:

 

 

 

 

 

 

 

 

 

Cash paid for:

 

 

 

 

Interest                                                                                               

-

-

-

 

Taxes  


-


-


-

      Non-Cash Activities

-

-

-

 

The accompanying notes are an integral part of these financial statements.



6 |Page




AAA BEST CAR RENTAL INC

(A DEVELOPMENT STAGE COMPANY)

NOTES TO THE FINANCIAL STATEMENTS

Item 1.  Financial Statements
Our unaudited consolidated interim financial statements for the three month period ended October 31, 2011 (unaudited)

2012 form part of this quarterly report. They are stated in United States Dollars (US$) and are prepared in accordance with United States generally accepted accounting principles.

3

NOTE 1 - ORGANIZATION AND BUSINESS OPERATIONS


STEVIA NUTRA CORP.
(formerly AAA Best Car Rental IncInc.)

(A Development Stage Company)

Consolidated Financial Statements

(Expressed in US dollars)

October 31, 2012

(unaudited)
Consolidated Balance Sheets5
Consolidated Statements of Operations 6
Consolidated Statements of Cash Flows7
Notes to the Consolidated Financial Statements8
4
STEVIA NUTRA CORP.
(formerly AAA Best Car Rental Inc.)
(A Development Stage Company)
Consolidated Balance Sheets
(unaudited)

  
October 31,
2012
$
  
July 31,
2012
$
 
       
ASSETS      
       
Cash  2,852   21,887 
Accounts receivable  4,661   2,462 
Prepaid expenses and deposits  3,764   6,449 
Total Current Assets  11,277   30,798 
         
Fixed assets, net  30,156   31,998 
Long term deposits  24,500   24,500 
Total Assets  65,933   87,296 
         
LIABILITIES        
         
Current Liabilities        
         
Bank overdraft  6,550   – 
Accounts payable  71,915   60,308 
Due to related parties  6,558   3,008 
Stock price protection liability  75,000   – 
Total Current Liabilities  160,023   63,316 
         
Notes payable  20,000   20,000 
Total Liabilities  185,023   83,316 
         
STOCKHOLDERS’ EQUITY (DEFICIT)        
         
Common Stock        
Authorized: 200,000,000 common shares with a par value of $0.001 per share        
Issued and outstanding: 77,430,834 and 77,058,334 common shares, respectively  77,431   77,058 
Additional paid-in capital  622,186   532,559 
Accumulated deficit during the development stage  (813,707)  (605,637)
Total Stockholders’ Equity (Deficit)  (114,090)  3,980 
Total Liabilities and Stockholders’ Equity (Deficit)  65,933   87,296 
(The accompanying notes are an integral part of these financial statements)
5
STEVIA NUTRA CORP.
(formerly AAA Best Car Rental Inc.)
(A Development Stage Company)
Consolidated Statements of Operations
(unaudited)

  
 
 
For the Three
Months Ended
October 31,
2012
$
  
 
 
For the Three Months Ended
October 31,
2011
$
  
Accumulated from April 30, 2010 (date of inception) to
October 31,
2012
$
 
          
Revenue  –   –   1,150 
             
Operating Expenses            
             
Depreciation  2,872   –   4,678 
General and administrative  202,677   15,475   790,383 
Transfer agent and filing fees  2,521   2,773   19,061 
             
Total Operating Expenses  208,070   18,248   814,122 
             
Loss before other expense  (208,070)  (18,248)  (812,972)
             
Other expense            
             
Forgiveness of loan  –   –   (293)
Loss on sale of fixed assets  –   –   (442)
             
Net Loss  (208,070)  (18,248)  (813,707)
Net Loss per Share – Basic and Diluted  –   –     
             
Weighted Average Shares Outstanding – Basic and Diluted  77,382,628   156,000,000     

(The accompanying notes are an integral part of these financial statements)
6
STEVIA NUTRA CORP.
(formerly AAA Best Car Rental Inc.)
(A Development Stage Company)
Consolidated Statements of Cashflows
(unaudited)
  
 
For the Three 
Months Ended
October 31,
2012
$
  
 
For the Three Months Ended
October 31,
2011
$
  
Accumulated from April 30, 2010 (date of inception) to
October 31,
2012
$
 
          
Operating Activities         
          
Net loss for the period  (208,070)  (18,248)  (813,707)
             
Adjustments to reconcile net loss to net cash used in operating activities:            
Depreciation expense  2,872   –   4,678 
Loss on sale of fixed assets  –   –   442 
Loss on share price protection  75,000   –   75,000 
Shares issued for services  –   –   300,000 
             
Changes in operating assets and liabilities:            
             
Accounts receivable  (2,199)  –   (4,661)
Bank overdraft  6,550   –   6,550 
Prepaid expenses  2,685   2,500   (3,764)
Accounts payable and accrued liabilities  11,607   (238)  71,915 
Security deposits  –   –   (24,500)
             
Net Cash Used In Operating Activities  (111,555)  (15,986)  (388,047)
             
Investing Activities            
             
Purchase of fixed assets  (1,030)  –   (35,876)
Sale of fixed assets  –   –   600 
             
Net Cash Used In Investing Activities  (1,030)  –   (35,276)
             
Financing Activities
 
            
             
Proceeds from related party  3,550   12,500   124,048 
Repayment to related party  –   (1,000)  (104,873)
Proceeds from promissory note  –   –   20,000 
Proceeds from issuance of common shares  90,000   –   387,000 
             
Net Cash Provided by Financing Activities  93,550   11,500   426,175 
             
Change in Cash  (19,035)  (4,486)  2,852 
             
Cash – Beginning of Period  21,887   8,354   – 
             
Cash – End of Period  2,852   3,868   2,852 
             
             
Supplemental Disclosures            
             
Interest paid  –   –   – 
Income tax paid  –   –   – 
             
Non-cash investing and financing activities            
             
Forgiveness of related party debt  –   –   12,617 
Cancellation of common shares  –   –   80,000 
(The accompanying notes are an integral part of these financial statements)
7
Stevia Nutra Corp.
(formerly AAA Best Car Rental Inc.)
(A Development Stage Company)
Notes to the Consolidated Financial Statements
(Expressed in US dollars)
(unaudited)
1.     Nature of Operations and Continuance of Business
Stevia Nutra Corp. (the “Company”) was foundedincorporated in the State of Nevada on April 30, 2010. The Company intends to provide car rental service.  The Company is in thea development stage company, as defined under Statement onby Financial Accounting Standards Board (“FASB”) Accounting Standards Codification FASB ASC 915-205 "Development-Stage(“ASC”) 915, Development Stage Entities.”  Since inception through October 31, 2011,
On January 4, 2012, the Company has generated $1,150underwent a change of control where the former President and Director of the Company sold 120,000,000 post-split common shares to a company controlled by the current President and Director of the Company. In addition to the private sale of common shares, the Company and its Board of Directors changed its name to Stevia Nutra Corp. and changed its principal operations from the business of car rental to focusing on the business of cultivation, development and post-harvest processing of Stevia plants for use as a sweetener.

On January 20, 2012, Mighty Mekong Argo Industries Co., Ltd., the Company’s wholly owned subsidiary, was incorporated in revenuethe Kingdom of Cambodia to assist with the cultivation and has accumulated lossespropagation of $37,413.


NOTE 2 - GOING CONCERN


TheStevia plants.

Going Concern
These consolidated financial statements have been prepared on a going concern basis, which assumesimplies that the Company will be ablecontinue to realize its assets and discharge its liabilities in the normal course of business forbusiness. As of October 31, 2012, the foreseeable future.  The Company has incurred losses since inception resulting innot recognized any revenue, has a working capital deficit of $148,746, and has an accumulated deficit of $37,413$813,707. The continuation of the Company as of October 31, 2011a going concern is dependent upon the continued financial support from its management, and further losses are anticipated inits ability to identify future investment opportunities and obtain the development of its business raisingnecessary debt or equity financing, and generating profitable operations from the Company’s future operations. These factors raise substantial doubt aboutregarding the Company’s ability to continue as a going concern.  The abilityThese financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand and loans from directors and/or private placement of common stock.  These financials do not include any adjustments relating to the recoverability and reclassification of recorded asset amounts, or amounts and classifications of liabilities that might result from this uncertainty.

concern.


NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES


Basis of Presentation

2.Summary of Significant Accounting Policies
a)Basis of Presentation
The consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted accounting principles in the United States of America(“US GAAP”) and are presentedexpressed in USU.S. dollars.

Cash and Cash equivalents

For purposes of Statement of Cash Flows the Company considers all highly liquid debt instruments purchased with a maturity date of three months or less to be cash equivalents.

Development Stage Company

The CompanyCompany’s fiscal year end is considered a development stage company, having limited operating revenues during the period presented, as defined by Accounting Standards Codification ASC 915-205 “Development-Stage Entities”.  ASC 915-205 requires companies to report their operations, shareholders equity and cash flows since inception through the date that revenues are generated from management’s intended operations, among other things.   

Use of Estimates and Assumptions

July 31.


b)Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principlesUS GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.



7 |Page




AAA BEST CAR RENTAL INC

(A DEVELOPMENT STAGE COMPANY)

NOTES TO THE FINANCIAL STATEMENTS

October 31, 2011 (unaudited)


Foreign Currency Translation

The Company's functional currencyCompany regularly evaluates estimates and its reporting currency is the United States dollar.


Fair Value of Financial Instruments

Pursuant to ASC 820, Fair Value Measurements and Disclosures and ASC 825, Financial Instruments, an entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 and 825 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significantassumptions related to the fair value measurement. ASC 820 and 825 prioritizes the inputs into three levels that may be used to measure fair value:


Level 1

Applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.


Level 2

Applies to assets or liabilities for which there are inputs other than quoted prices that are observable for thedeferred income tax asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.


Level 3

Applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.


The Company’s financial instruments consist principally of cash, accounts payable and amounts due to related parties. Pursuant to ASC 820 and 825, the fair value of our cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. We believe that the recorded values of all of our other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.


Income Taxes

allowances. The Company providesbases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for income taxes under ASC 740, Accounting for Income Taxes. ASC 740 requiresmaking judgments about the use of an asset and liability approach in accounting for income taxes. Deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax basescarrying values of assets and liabilities and the tax ratesaccrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.


8
Stevia Nutra Corp.
(formerly AAA Best Car Rental Inc.)
(A Development Stage Company)
Notes to the Consolidated Financial Statements
(Expressed in effect when these differences are expected to reverse. 


ASC 740 requires the reductionUS dollars)

(unaudited)
2.    Summary of deferred tax assets by a valuation allowance if, basedSignificant Accounting Policies (continued)
a)Interim Consolidated Financial Statements
These interim unaudited consolidated financial statements have been prepared on the weightsame basis as the annual financial statements and in the opinion of available evidence, it is more likely thanmanagement, reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the Company’s financial position, results of operations and cash flows for the periods shown. The results of operations for such periods are not that some or allnecessarily indicative of the deferred tax assets will notresults expected for a full year or for any future period.
b)Cash and cash equivalents
The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be realized. 

cash equivalents.


c)Prepaid expenses and deposits
The Company has $37,413 of net operating losses carried forward to offset taxable income in future years which expire commencing in fiscal 2031.



8 |Page



AAA BEST CAR RENTAL INC

(A DEVELOPMENT STAGE COMPANY)

NOTES TO THE FINANCIAL STATEMENTS

October 31, 2011 (unaudited)


Basicclassified prepaid expenses and Diluted Loss Per Share

deposits held for less than one year as current assets and security deposits held for periods longer than one year as long-term assets.

d)Basic and Diluted Net Loss per Share
The Company computes net loss per share in accordance with ASC 260, Earnings per Share.Share. ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing net loss available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti dilutive. As at October 31, 2011anti-dilutive.

e)Financial Instruments
Pursuant to ASC 820, Fair Value Measurements and Disclosures, an entity is required to maximize the Company had no potentially dilutive shares.


Long-Lived Assets

The Company has adopted Accounting Standards Codification No. 360 (“ASC-360”). The Statement requires that long-lived assetsuse of observable inputs and certain identifiable intangibles held and used byminimize the Company be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amountuse of an asset may not be recoverable. Events relating to recoverability may include significant unfavorable changes in business conditions, recurring losses, orunobservable inputs when measuring fair value. ASC 820 establishes a forecasted inability to achieve break-even operating results over an extended period. The Company evaluates the recoverability of long-lived assets based upon forecasted undiscounted cash flows. Should impairment infair value be indicated, the carrying value of intangible assets will be adjusted,hierarchy based on estimatesthe level of future discounted cash flows resulting fromindependent, objective evidence surrounding the use and ultimate disposition of the asset. ASC-360 also requires assetsinputs used to be disposed of be reported at the lower of the carrying amount ormeasure fair value. A financial instrument’s categorization within the fair value less costs to sell.


Stock-based Compensation

The Company records stockhierarchy is based compensation in accordance withupon the guidance in ASC Topic 718 which requires the Company to recognize expenses relatedlowest level of input that is significant to the fair value of its employee stock option awards. This eliminates accountingmeasurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value:

Level 1
Level 1 applies to assets or liabilities for share-based compensationwhich there are quoted prices in active markets for identical assets or liabilities.
Level 2
Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions using the intrinsic value and requires instead that such transactions be accounted for using a fair-value-based method. The Company recognizes the cost of all share-based awards on a graded vesting basis over the vesting period of the award.


Revenue Recognition

The Company will recognize revenue(less active markets); or model-derived valuations in accordance with Accounting Standards Codification No. 605, REVENUE RECOGNITION ("ASC-605"), ASC-605 requires that four basic criteria must be met before revenuewhich significant inputs are observable or can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3)derived principally from, or corroborated by, observable market data.

9
Stevia Nutra Corp.
(formerly AAA Best Car Rental Inc.)
(A Development Stage Company)
Notes to the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management's judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebatesConsolidated Financial Statements
(Expressed in US dollars)
(unaudited)
2.
Summary of Significant Accounting Policies (continued)
f)Financial Instruments (continued)
Level 3
Level 3 applies to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company will defer any revenueassets or liabilities for which there are unobservable inputs to the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required.


Advertising

The Company follows the policy of charging the costs of advertising to expenses incurred. The Company incurred $0 in advertising costs during the period ended October 31, 2011.





9 |Page



AAA BEST CAR RENTAL INC

(A DEVELOPMENT STAGE COMPANY)

NOTES TO THE FINANCIAL STATEMENTS

October 31, 2011 (unaudited)

Recent accounting pronouncements

In June 2011, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2011-05, “Comprehensive Income (Topic 220): Presentation of Comprehensive Income”, which is effective for annual reporting periods beginning after December 15, 2011. ASU 2011-05 will become effective for the Company on January 1, 2012. This guidance eliminates the option to present the components of other comprehensive income as part of the statement of changes in stockholders’ equity. In addition, items of other comprehensive incomevaluation methodology that are reclassifiedsignificant to profit or loss are required to be presented separately on the face of the financial statements. This guidance is intended to increase the prominence of other comprehensive income in financial statements by requiring that such amounts be presented either in a single continuous statement of income and comprehensive income or separately in consecutive statements of income and comprehensive income. The adoption of ASU 2011-05 is not expected to have a material impact on our financial position or results of operations.


In May 2011, the FASB issued ASU 2011-04, “Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs”, which is effective for annual reporting periods beginning after December 15, 2011. This guidance amends certain accounting and disclosure requirements related to fair value measurements. Additional disclosure requirements in the update include: (1) for Level 3 fair value measurements, quantitative information about unobservable inputs used, a description of the valuation processes used by the entity, and a qualitative discussion about the sensitivity of the measurements to changes in the unobservable inputs; (2) for an entity’s use of a nonfinancial asset that is different from the asset’s highest and best use, the reason for the difference; (3) for financial instruments not measured at fair value but for which disclosure of fair value is required, the fair value hierarchy level in which the fair value measurements were determined; and (4) the disclosure of all transfers between Level 1 and Level 2measurement of the fair value hierarchy. ASU 2011-04 will become effective for the Company on January 1, 2012. The Company does not expect that the guidance effective in future periods will have a material impact on its financial statements.


In April 2011, the FASB issued ASU 2011-02, “Receivables (Topic 310): A Creditor’s Determination of Whether a Restructuring is a Troubled Debt Restructuring”. This amendment explains which modifications constitute troubled debt restructurings (“TDR”). Under the new guidance, the definition of a troubled debt restructuring remains essentially unchanged, and for a loan modification to be considered a TDR, certain basic criteria must still be met. For public companies, the new guidance is effective for interim and annual periods beginning on or after June 15, 2011, and applies retrospectively to restructuring occurring on or after the beginning of the fiscal yearassets or liabilities.

The Company’s financial instruments consist principally of adoption. The Company does not expect that the guidance effective in future periods will have a material impact on its financial statements.


In January 2010, the FASB issued an amendmentcash, bank indebtedness, accounts payable and accrued liabilities, and amounts due to related parties.  Pursuant to ASC 820, Fair Value Measurements and Disclosure, to require reporting entities to separately disclose the amounts and business rationale for significant transfers in and out of Level 1 and Level 2 fair value measurementsof our cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. We believe that the recorded values of all of our other financial instruments approximate their current fair values because of their nature and separately present information regarding purchase, sale, issuance,respective maturity dates or durations.

g)Comprehensive Loss
ASC 220, Comprehensive Income, establishes standards for the reporting and settlementdisplay of Level 3 fair value measures on a gross basis. This standard, for whichcomprehensive loss and its components in the financial statements. As of October 31 and July 31, 2012, the Company is currently assessinghas no items that represent a comprehensive loss and, therefore, has not included a schedule of comprehensive loss in the impact, is effective for interim and annual reporting periods beginning after December 15, 2009 with the exception of disclosures regarding the purchase, sale, issuance, and settlement of Level 3 fair value measures which are effective for fiscal years beginning after December 15, 2010. The adoption of this standard is not expected to have a significant impact on the Company’s financial statements.


h)Recent Accounting Pronouncements
The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.


NOTE 4 - COMMON STOCK


  j)Foreign Currency Translation
The authorized capitalCompany’s functional and reporting currency is the United States dollar. Monetary assets and liabilities denominated in foreign currencies are translated in accordance with ASC 830 Foreign Currency Translation Matters, using the exchange rate prevailing at the balance sheet date. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the determination of income. Foreign currency transactions are primarily undertaken in Canadian dollars and Cambodian riels. The Company has not, to the date of these financial statements, entered into derivative instruments to offset the impact of foreign currency fluctuations.
3.    Stock Price Protection Liability
On August 20, 2012, the Company entered into a Financing Agreement with Fairhills Capital Offshore Ltd. whereby Fairhills Capital will provide for a non-brokered financing arrangement of up to $3,000,000. Under the terms of the agreement, the Company can settle the amount with the issuance of common shares equal to an issuance price of 75% of the average share price of the Company is 75,000,000 common sharesfor the ten trading days prior to notice of settlement.

In connection with a par value of $ 0.001 per share.

On July 16, 2010,the financing agreement, the Company issued 8,000,000also entered into a securities purchase agreement with Fairhills.  Pursuant to the securities purchase agreement, Fairhills purchased 312,500 shares of common stock at a price of $0.001 per share, to its sole Director, for total cash proceeds of $8,000.


In April and May 2011, the Company issued 2,400,000 shares of common stock at a price of $0.01$0.24 per share for total cash proceeds of $24,000.

$75,000.


During

10
Stevia Nutra Corp.
(formerly AAA Best Car Rental Inc.)
(A Development Stage Company)
Notes to the period Inception (April 30, 2010)Consolidated Financial Statements
(Expressed in US dollars)
(unaudited)

3.    Stock Price Protection Liability (continued)
The securities purchase agreement also contains a price protection provision. According to July 31, 2011,the price protection provision, the shares to be purchased pursuant to the securities purchase agreement will be valued at 25% discount to the price of the Company’s common stock on the effectiveness date (the “Share Value”).  In the event that the Share Value is less than $75,000, the Company sold a total of 10,400,000will issue additional shares of registered common stock to Fairhills Capital, such that the value of the total shares being issued to Fairhills Capital will total $75,000 but limited to a floor of $0.05 per share and includes an option for totalthe Company to repay and differences resulting from the stock price protection provision in cash proceedsor with the issuance of $32,000.


NOTE 5 – DUE TO RELATED PARTY


As of October 31, 2011 the loan due to Director is $12,617 ($1,117 at July 31, 2011)additional shares.  Due to the Company.  The amount is due on demand, non-interest bearing and unsecured.  



NOTE 6- ASSETS


On October 2nd, 2010Company’s stock has decreased since the date of the Share Purchase Agreement, the Company purchasedhas recorded a car for $1,177.  On June 29, 2011 the Company sold a car for $600.  The loss on saleliability of fixed assets was $442 due$75,000 relating to the salestock price being lower thanprotection provision.


4.    Notes Payable
a)On March 5, 2012, the Company issued a promissory note for $10,000 to a non-related party. The amount owing is unsecured, with interest accruing at 5% per annum, and due March 5, 2014. As at October 31, 2012, accrued interest of $329 (2012 - $203) was recorded in accounts payable and accrued liabilities.

b)On March 29, 2012, the Company issued a promissory note for $10,000 to a non-related party. The amount owing is unsecured, with interest accruing at 5% per annum, and due March 29, 2014. As at October 31, 2012, accrued interest of $296 (2012 - $170) was recorded in accounts payable and accrued liabilities.

5.    Common Stock
a)On January 11, 2012, the Company increased the authorized number of common shares from 75,000,000 common shares to 200,000,000 common shares and effected a forward split of the Company’s issued and outstanding shares on a basis of 15 for 1. Upon effect of the forward split, the Company’s issued and outstanding shares of common stock increased from 10,400,000 to 156,000,000 shares of common stock, with a par value of $0.001, and has been applied on a retroactive basis.

b)On March 5, 2012, the Company issued 500,000 common shares with a fair value of $300,000 to the Company’s Chief Agronomy Officer pursuant to the consulting agreement dated January 21, 2012. The fair value of the shares was based on the share price per private placements issued during the same period.
c)On March 9, 2012, a company controlled by the President and Director of the Company cancelled 80,000,000 common shares of the Company. On issuance of these shares $80,000 was recorded in commons stock and on cancellation $80,000 was removed from common stock and recorded in additional-paid-in capital.
d)On April 4, 2012, the Company issued 91,667 shares of common stock at a price of $0.60 per share for total cash proceeds of $55,000.
e)On April 18, 2012, the Company issued 41,667 shares of common stock at a price of $0.60 per share for total cash proceeds of $25,000.
11
Stevia Nutra Corp.
(formerly AAA Best Car Rental Inc.)
(A Development Stage Company)
Notes to the purchase price.

Consolidated Financial Statements

(Expressed in US dollars)
(unaudited)
5.     Common Stock (continued)

f)On April 27, 2012, the Company authorized the issuance of 41,667 shares of common stock at a price of $0.60 per share for total cash proceeds of $25,000.

NOTE 7- SUBSEQUENT EVENTS

g)On May 23, 2012, the Company issued 183,333 shares of common stock at a price of $0.60 per share for total proceeds of $110,000.

h)On July 22, 2012, the Company issued 200,000 shares of common stock at a price of $0.25 per share for total proceeds of $50,000.
i)On August 1, 2012, the Company issued 60,000 shares of common stock at a price of $0.25 per share for total proceeds of $60,000.
j)On August 14, 2012, the Company issued 312,500 shares of common stock at a price of $0.24 per share for total proceeds of $75,000.
6.     Related Party Transactions
a)As at October 31, 2012, the Company owed $3,008 (2012 - $3,008) to the President and Director of the Company.  The amount owing is unsecured, non-interest bearing, and due on demand.

b)As at October 31, 2012, the Company owed $3,550 (2012 - $nil) to a company controlled by the President and Director of the Company. The amount owing is unsecured, non-interest bearing, and due on demand.

7.     Commitments
a)On January 23, 2012, the Company entered into a consulting agreement with a non-related party for services as the Chief Agronomy Officer of the Company. Under the terms of the agreement, the Company will pay $5,416.67 per month, with an annual increase of $853.33 per month and issue 2,500,000 common shares of the Company payable at the rate of 500,000 common shares per annum over a period of five years commencing March 5, 2012.

b)On March 1, 2012, the Company entered into two separate consulting agreements with non-related parties whereby the Company will pay $2,500 per month each for a period of one year for consulting services provided to the Company. For the year ended July 31, 2012, the Company recorded total consulting expenses of $25,000 pursuant to these agreements.

c)On March 1, 2012, the Company entered into a consulting agreement with Miz 1 Consulting whereby the Company with pay Miz 1 Consulting $2,500 per month for a period of one year for consulting services provided to the Company. For the year ended July 31, 2012, the Company recorded consulting expenses of $12,500 pursuant to this agreement.

d)On March 9, 2012, the Company’s wholly owned subsidiary, Mighty Mekong Argo Industries Co., Inc., entered into a land lease agreement whereby Mighty Mekong will lease 20 hectares of land in the Kampong Speu Province of the Kingdom of Cambodia to be used for the cultivation and propagation of Stevia plants for US$10,000 per year. Pursuant to the agreement, the Company paid a security deposit of $20,000 and has included $6,055 of the $10,000 annual payment in prepaid expenses for the portion of the annual expense related to the period subsequent to year end and has recorded $3,945 in general and administrative expenses.

12
Stevia Nutra Corp.
(formerly AAA Best Car Rental Inc.)
(A Development Stage Company)
Notes to the Consolidated Financial Statements
(Expressed in US dollars)
(unaudited)
7.     Commitments (continued)

e)On June 1, 2012, the Company entered into a consulting agreement with a company controlled by the President and Director of the Company for consulting services. Pursuant to the agreement, the Company will pay $3,500 per month for a period of two years from the date of the agreement. For the year ended July 31, 2012, the Company recorded consulting expenses of $7,000 pursuant to this agreement.

f)On March 9, 2012, the Company’s wholly owned subsidiary, Mighty Mekong Argo Industries Co., Inc., entered into a land lease agreement whereby Mighty Mekong will lease 20 hectares of land in the Kampong Speu Province of the Kingdom of Cambodia to be used for the cultivation and propagation of Stevia plants for US$10,000 per year.
8.    Subsequent Events
There were no events subsequent to the three months ended October 31, 20112012 that would warrant further disclosures.



10 |Page




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.

13



ITEM

Item 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION


GENERAL


AAA Best Car Rental Inc. wasManagement's Discussion and Analysis of Financial Condition and Results of Operations

FORWARD LOOKING STATEMENTS
This quarterly report contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.
Our unaudited financial statements are stated in United States Dollars (US$) and are prepared in accordance with United States Generally Accepted Accounting Principles. The following discussion should be read in conjunction with our financial statements and the related notes that appear elsewhere in this quarterly report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed below and elsewhere in this quarterly report.
In this quarterly report, unless otherwise specified, all dollar amounts are expressed in United States dollars. All references to "US$" refer to United States dollars and all references to "common stock" refer to the common shares in our capital stock.
As used in this quarterly report, the terms “we”, “us”, “our” and “our company” mean Stevia Nutra Corp., and, unless otherwise indicated, our wholly owned subsidiary, Health Power Trading Ltd., a British Virgin Islands company and our wholly owned subsidiary, Mighty Mekong Agro Industries Co. Ltd., a Cambodian company.
General Overview
We were incorporated in Nevada on April 30, 2010.2010 under the name AAA Best Car Rental Inc. We planplanned to offer discounted car rental services. services, by acquiring late model vehicles from used car auctions.  On January 4, 2012, we underwent a change of control and a change in management through the purchase of 8,000,000 pre-split shares of our stock by Atlantic and Pacific Communications Inc., from our former director and officer, Suresh Gupta.  On January 11, 2012, we received approval from our board of directors, and Atlantic and Pacific Communications Inc., our majority shareholder, to effect a change of name to Stevia Nutra Corp., increase our authorized capital to 200,000,000 shares of common stock and to effect a forward split of our issued and outstanding shares on a 1 old for 15 new basis.  On January 25, 2012, we filed a certificate of amendment to change our name to Stevia Nutra Corp., with the Secretary of State of Nevada which became effective in the State of Nevada on March 5, 2012 upon approval from the Financial Industry Regulatory Authority (“FINRA”).  We will offer used domestic cars for rentmaintain our business offices at 37 Bannisters Road, Corner Brook, Newfoundland, Canada, A2H 1M5, and our telephone number is (709) 660-3056.
Effective March 5, 2012, in accordance with approval from FINRA, we changed our name from AAA Best Car Rental Inc. to Stevia Nutra Corp.  In addition, our clients such as - Ford Taurus, Ford Focus , Buick Le Sabre , Chrysler Sebring, Chevrolet Impala, Chevrolet Lumina , Chevrolet Malibu, Chrysler Neon. issued and outstanding shares of common stock increased from 10,400,000 shares of common stock to 156,000,000 shares of common stock, par value of $0.001, pursuant to a 1:15 forward split of our issued and outstanding shares of common stock.
Also we are planningeffective March 5, 2012, our authorized capital increased from 75,000,000 shares of common stock to have domestic minivans such as Dodge Caravan, Plymouth Voyager. The cars and minivans will be in range200,000,000 shares of 8-10 years oldcommon stock, par value of $0.001.
14
Effective April 17, 2012, our common stock changed from “AAAB” to “STNT” to better reflect the new name of our company.
Our Current Business
As our company was unable to secure the financing required to continue with 80.000-100.000 mileage. The vehicles will be purchased at wholesale auctions at price range of $2,000-$3,000.  Our sole officer and director expects to devote approximately twenty hours per week to us on going forward basis. Our revenue source will be from renting our cars to potential customer and from reselling insurance.

Since inception through October 31, 2011, the Company has generated $1,150 in revenue and has accumulated losses of $37,413.



CLIENTS

We will service clients who don’t have good credit history and sufficient down payment to qualify for financing to purchase their own car and can’t afford high rates of conventional car rental companies. We planbusiness, on January 4, 2012, in conjunction with a change in control, we changed our business focus to obtainthe business of the cultivation, development and post-harvest processing of stevia plants for use as a sweetener.  On March 9, 2012, our clients from referrals from local body shops, car towing companieswholly owned subsidiary, Mighty Mekong Agro Industries Co., Ltd., entered into and car insurance companies. Body shops will refer clients to us while their car is being worked onclosed a lease agreement with Sara Ramany, a resident of Cambodia, for the lease of 20 hectares of land in the shop. Car towing companies will refer clientsKampong Speu Province of the Kingdom of Cambodia.  The land is intended to us whose car is being towed due to being unoperatable. Insurance companies can refer clients to us when they need to provide a replacement vehicle to their clients after an accident.


REFERRAL CONTRACTS/VERBAL AGREEMENTS

be used in agricultural production, and more specifically in the cultivation and propagation of Stevia plants.

Our goalinitial plan of operation is to form relationshiporganize an operational team on the ground in Cambodia, open an administration office, construct a Stevia propagation center and construct greenhouses and a nursery.  Following these developments, we anticipate propagating more than 1,000,000 seedlings ready for plantation and installing approximately ten hectares of Stevia plants.
Effective June 1, 2012, we entered into a consulting agreement with local body shops, insurance companies,Atlantic and with other rental companies. Relationships with other rental companies are helpful in case we run out of rental cars, we can refer our clients to themPacific Communications Ltd., a company controlled by director and vice versa—result is good customer service and getting additional referrals.  

We have executed Car Rental Referral Agreement with following auto body repair shops:

       1) OCUA Auto of Paterson NJ .

       2) D&B Auto Repair of Paterson NJ.




11 |Page



We also have verbal agreements with following companies:

1. S & Sam auto body shop of Lodi, NJ;officer Brian W. Dicks, whereby the body shop will refer its customers to us in return of 10% referral fee commission.

2. M& S Towing of Saylorsburg, PA; whereby the company will tow our disabled car to our location in Paterson on $30/hour basis.

3. GPS Services of LANDAIRSEA of Woodstock, IL whereby the companyMr. Dicks has agreed to sellprovide consulting services as our company’s president, for a period ending June 1, 2014.  In consideration for Mr. Dicks agreeing to provide such consulting, we have agreed to pay Mr. Dicks a salary of $3,500 per month during the term of the consulting agreement.

Also effective June 1, 2012, Mighty Mekong Agro Industries Co. Ltd., our wholly-owned subsidiary, entered into an agreement with Ecologica Co. Ltd., whereby Ecologica has agreed to provide certain services, associated with the cultivation of stevia, to Mighty Mekong and our company for a period of twelve months.  Pursuant to the terms of the agreement, Ecologica will receive payments of $7,000 per month, in consideration for the services provided.
On August 20, 2012, we entered into an investment agreement with Fairhills Capital Offshore Ltd., a Cayman Islands exempted company. Pursuant to the terms of the investment agreement, Fairhills shall commit to purchase up to $3,000,000 of our common stock over a period of up to 36 months.
In connection with the investment agreement, we also entered into a registration rights agreement with Fairhills on August 20, 2012. Pursuant to the registration rights agreement, we are obligated to file a registration statement with the Securities and Exchange Commission (“SEC”) covering 11,000,000 shares of the common stock underlying the investment agreement within 21 days after the closing of the investment agreement. In addition, we are obligated to use all commercially reasonable efforts to have the registration statement declared effective by the SEC within 120 days after the closing of the investment agreement and maintain the effectiveness of such registration statement until termination in accordance with the investment agreement.
In connection with the financing agreement, we also entered into a securities purchase agreement with Fairhills.  Pursuant to the securities purchase agreement, Fairhills has agreed to purchase 312,500 shares of our common stock at $0.24 per share for total proceeds of $75,000.
The securities purchase agreement also contains a price protection provision. According to the price protection provision, the shares to be purchased pursuant to the securities purchase agreement will be valued at 25% discount to the price of our common stock on the effectiveness date (the “Share Value”).  In the event that the Share Value is less than $75,000, we will issue additional shares of registered common stock to Fairhills Capital, such that the value of the total shares being issued by us GPS devicesto Fairhills Capital will total $75,000.
On December 20, 2012, we amended the share purchase agreement with Fairhills limiting the price protection provision to a floor of $0.05 per share and to include the option for our vehicles.



us to repay any difference resulting from the stock price protection provision in cash or with the issuance of additional shares.

15
Results of Operation


Operations

We have incurred recurring losses to date. Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.

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 PeriodMonths Ended October 31, 20112012 Compared to the Three Month PeriodMonths Ended October 31, 2010.


2011.

Our net loss for the three months ended October 31 2012 was $208,070 compared to a net loss of $18,248 during the three months ended October 31, 2011. During three months ended  October 31, 2012, our company has not generated any revenue.
  Three Months Ended 
  October 31, 
  2012  2011 
Depreciation $2,872  $Nil 
General and administrative $202,677  $15,475 
Transfer agent and filing fees $2,521  $2,773 
During the three months ended October 31, 2012, we incurred depreciation expense of $2,872, general and administrative expenses of $127,677 and transfer agent and filing fees of $2,521 compared to $Nil in depreciation expense, $15,475 in general and administrative expenses and $2,773 in transfer agent and filing fees incurred during three months ended October 31, 2011. General and administrative expenses incurred during the three months ended October 31, 2012 consisted of bank charges and interest of $849 (2011:  $25); consulting fees of $54,050 (2011: $Nil); professional fees of $11,614 (2011: $2,950); office and operational expenses of $57,472 (2011: $12,500), travel of $3,692 (2011: $Nil) and loss on stock price protection of $75,000 (2011: $Nil).
Expenses incurred during three month period ended October 31, 2012 compared to three month period ended October 31, 2011 increased primarily due to the increased scale and scope of business operations. General and administrative expenses generally include corporate overhead, financial and administrative contracted services, marketing, consulting costs and loss on stock price protection.
The weighted average number of shares outstanding was 77,382,628 for the three month period ended October 31, 2011 was $18,2482012 compared to a net loss of $5,84810,400,000 for the three month period ended October 31, 2010. During the three month periods ended2011.
Liquidity and Capital Resources
Three Months Ended October 31, 20112012
Working Capital      
       
  
At
October 31,
2012
  
At a
July 31,
2012
 
Current Assets $11,277  $30,798 
Current Liabilities $160,023  $63,316 
Working Capital $(148,746) $(32,518)
16
Cash Flows      
       
  Three Months  Three Months 
  Ended  Ended 
  October 31,  October 31, 
  2012  2011 
Net Cash Used in Operating Activities $(111,555) $(15,986)
Net Cash Provided by Financing Activities $93,550  $11,500 
Net Cash Used in Investing Activities $(1,030) $Nil 
Net increase (decrease) in cash and equivalents $(19,035) $ (4,486)
As at October 31, 2012, our company had a cash balance of $2,852 and 2010 we have not generated any revenue.


total assets of $65,933 compared with a cash balance of $21,887 and total assets of $87,296 as at July 31, 2012.  As of October 31, 2012, current assets were comprised of $2,852 in cash, $4,661 in amounts receivable and $3,764 in prepaid expenses; total liabilities were comprised of $6,550 bank indebtedness, $6,558 in advances from a director and $71,915 in accounts payable.

As at October 31, 2012, our company had total liabilities of $185,023 compared with total liabilities of $83,316 as at July 31, 2012.  The increase in total liabilities was attributed to an increase in both bank indebtedness, accounts payable and advances from a director due to limited cash held as well as amount of $75,000 recorded for stock price protection liability related to the share purchase agreement with Fairhills Capital Offshore Ltd.
As at October 31, 2012, our company had a working capital deficit of $148,746 compared with a working capital deficit of $32,518 as at July 31, 2012.  The increase in working capital deficit was due to an increase in current liabilities and a decrease in cash related to current period operations.
Cash Flows from Operating Activities
During the three month period ended October 31, 2011, we incurred general and administrative expenses $15,4752012, our company used cash of $111,555 for operating activities as compared to $5,848use of $15,986 during the three month period ended October 31, 2011.  The increase in cash used for operating activities during the period was due to payment of outstanding day-to-day obligations incurred by our company during the period.
Cashflow from Investing Activities
During the three month period ended October, 2012, our company used cash of $1,030 for investing activities as compared to use of $Nil during the three month period ended October 31, 2011. The increase in cash used for investing activities during the period was due to the acquisition of fixed assets.
Cashflow from Financing Activities
During the three month period ended October 31, 2012, our company received proceeds of $93,550 compared with $11,500 for the three month period ended October 31, 2010. General2011.  The proceeds received included proceeds received from a director and administrative fee expenses incurred during the three month periods ended October 31, 2011 and 2010 were generally related to corporate overhead, financial and administrative contracted services.


The weighted average number of shares outstanding was 10,400,000 and 8,000,000proceeds received for the three month period ended October 31, 2011 and 2010 respectively.



Liquidity and Capital Resources


Three Month Period Ended October 31, 2011  


As at October 31, 2011, our total assets were $7,204 compared to $14,190 in total assets at July 31, 2011. Total assets were comprised of $3,868 in cash and $3,336 in prepaid expenses. As at October 31, 2011, our current liabilities were $12,617. Current liabilities were comprised of $12,617 in loan from director.

Stockholders’ deficit was $5,413 as of October 31, 2011 compare to stockholders' equity of $12,835 as of July 31, 2011.   


Cash Flows from Operating Activities


We have not generated positive cash flows from operating activities. For the three month period ended October 31, 2011, net cash flows used in operating activities was $15,986. Net cash flows used in operating activities was $5,848 for the three month period ended October 31, 2010.


Cash Flows from Investing Activities


For the three month period ended October 31, 2011, the Company has not generated any cash flows from investing activities.



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Cash Flows from Financing Activities

We have financed our operations primarily from either advancements or the issuance of equity and debt instruments. For the three month period ended October 31, 2011, Net cash provided by financing activities was $11,500 received from Director's loan. For the period from inception (April 30, 2010) to October 31, 2011, net cash provided by financing activities was $44,617 received from proceeds from issuance of common stock and loan from director.


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 three months. shares.

Off-Balance Sheet Arrangements
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. We will have to raise additional funds in the next twelve months in order to sustain and expand our operations. We currently do not have a specific plan of how we will obtain such funding; however, we anticipate that additional funding will be in the form of equity financing from the sale of our common stock. We have and will continue to seek to obtain short-term loans from our directors, although no future arrangement for additional loans has been made. We do not have any agreements with our directors concerning these loans. We do not have any arrangements in place for any future equity financing.


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 is material to stockholders.

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Critical Accounting Policies
The discussion and analysis of our financial condition and results of operations are based upon our financial statements, which have been prepared in accordance with the accounting principles generally accepted in the United States of America. Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. These estimates and assumptions are affected by management’s application of accounting policies. We believe that understanding the basis and nature of the estimates and assumptions involved with the following aspects of our financial statements is critical to an understanding of our financial statements.
Basis of Presentation
The consolidated financial statements of our company have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”) and are expressed in U.S. dollars.  Our company’s fiscal year end is July 31.
Use of Estimates
The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Our company regularly evaluates estimates and assumptions related to the deferred income tax asset valuation allowances. Our company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by our company may differ materially and adversely from our company’s estimates. To the extent there are material to investors.


Going Concern


The independent auditors' review report accompanying our July 31, 2011 financial statements contained an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. Thedifferences between the estimates and the actual results, future results of operations will be affected.

Interim Consolidated Financial Statements
These interim unaudited consolidated financial statements have been prepared "assuming that we will continueon the same basis as the annual financial statements and in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly our company’s financial position, results of operations and cash flows for the periods shown. The results of operations for such periods are not necessarily indicative of the results expected for a going concern," which contemplates that we will realize ourfull year or for any future period.
Cash and Cash Equivalents
Our company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents.
Prepaid Expenses and Deposits
Our company has classified prepaid expenses and deposits held for less than one year as current assets and satisfy oursecurity deposits held for periods longer than one year as long-term assets.
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Basic and Diluted Net Loss Per Share
Our company computes net loss per share in accordance with ASC 260, Earnings per Share. ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing net loss available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive.
Financial Instruments
Pursuant to ASC 820, Fair Value Measurements and Disclosures, an entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value:
Level 1 - Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.
Level 2 - Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.
Level 3 - Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. Our company’s financial instruments consist principally of cash, bank indebtedness, accounts payable and accrued liabilities, and commitmentsamounts due to related parties.  Pursuant to ASC 820, the fair value of our cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. We believe that the recorded values of all of our other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.
Comprehensive Loss
ASC 220, Comprehensive Income, establishes standards for the reporting and display of comprehensive loss and its components in the ordinary coursefinancial statements. As of business.



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ITEMOctober 31, 2012 and July 31, 2012, our company has no items that represent a comprehensive loss and, therefore, has not included a schedule of comprehensive loss in the financial statements.

Foreign Currency Translation
Our company’s functional and reporting currency is the United States dollar. Monetary assets and liabilities denominated in foreign currencies are translated in accordance with ASC 830 Foreign Currency Translation Matters, using the exchange rate prevailing at the balance sheet date. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the determination of income. Foreign currency transactions are primarily undertaken in Canadian dollars and Cambodian riels. Our company has not, to the date of these financial statements, entered into derivative instruments to offset the impact of foreign currency fluctuations.
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Item 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.


No report required.



ITEMQuantitative and Qualitative Disclosures About Market Risk

As a “smaller reporting company”, we are not required to provide the information required by this Item.
Item 4.  CONTROLS AND PROCEDURES


Our management is responsible for establishingControls and maintaining a system of disclosurecontrolsProcedures

Management’s Report on Disclosure Controls and Procedures
We maintain disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that isare designed to ensure that information required to be disclosed by us in theour reports that we file or submitfiled under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the Commission’sSEC's rules and forms. Disclosurecontrolsforms, andprocedures include, without limitation,controls andprocedures designed to ensure that such information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’sour management, including itsour chief executive officer (our principal executive officer or officersofficer) and our chief financial officer(our principal financial officer or officers, or persons performing similar functions, as appropriateand principal accounting officer) to allow for timely decisions regarding required disclosure.


An

As the end of the quarter covered by this report, we carried out an evaluation, was conducted under the supervision and with the participation of our managementchief executive officer (our principal executive officer) and our chief financial officer(our principal financial officer and principal accounting officer), of the effectiveness of the design and operation of our disclosure controls and procedures as of October 31, 2011.procedures. Based on that evaluation,the foregoing, our managementchief executive officer (our principal executive officer) and our chief financial officer(our principal financial officer and principal accounting officer) concluded that our disclosure controls and procedures were not effective in providing reasonable assurance in the reliability of our reports as of such date to ensure that information required to be disclosedthe end of the period covered by this quarterly report.
Changes in Internal Control over Financial Reporting
During the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms. Such officer also confirmed thatperiod covered by this report there waswere no changechanges in our internal control over financial reporting during the three-month period ended October 31, 2011 that has materially affected, or isare reasonably likely to materially affect, our internal control over financial reporting.




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PART II.II – OTHER INFORMATION



ITEM

Item 1.  LEGAL PROCEEDINGS


Management is not awareLegal Proceedings

We know of anyno material, active or pending legal proceedings contemplated byagainst our company, nor are we involved as a plaintiff in any governmental authoritymaterial proceeding or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any otherregistered or beneficial shareholder, is an adverse party involving us or our properties. As of the date of this Quarterly Report, no director, officer or affiliate is (i)has a partymaterial interest adverse to us in any legal proceeding,our interest.
Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds
None.
Item 3.  Defaults Upon Senior Securities
None.
Item 4.  Mine Safety Disclosures
Not applicable.
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Item 5.  Other Information
None.
Item 6.  Exhibits
Exhibit
Number
Document
(3)Articles of Incorporation and Bylaws
3.1Articles of Incorporation (incorporated by reference to our Registration Statement on Form S-1 filed on October 26, 2010)
3.2Bylaws (incorporated by reference to our Registration Statement on Form S-1 filed on October 26, 2010)
3.3Certificate of Amendment (incorporated by reference to our Registration Statement on Form S-1 filed on October 26, 2010)
3.4Certificate of Amendment (incorporated by reference to our Current Report on Form 8-K filed on January 30, 2012)
(10)Material Contracts
10.1Share Purchase Exchange Agreement between our company, Suresh Gupta and Atlantic and Pacific Communications Inc. dated January 4, 2012 (incorporated by reference to our Current Report on Form 8-K filed on January 12, 2012)
10.2Release of Suresh Gupta dated January 4, 2012 (incorporated by reference to our Current Report on Form 8-K filed on January 12, 2012)
10.3Consulting Agreement between our company and Dr. Ahmed Attia El Sheikh dated January 23, 2012 (incorporated by reference to our Current Report on Form 8-K filed on January 26, 2012)
10.4Lease Agreement, dated March 9, 2012 (incorporated by reference to our Current Report on Form 8-K filed on March 13, 2012)
Consulting Agreement between our company and Atlantic and Pacific Communications Ltd. dated June 1, 2012 (incorporated by reference to our Current Report on Form 8-K filed on June 7, 2012)
Agreement to Provide Services between our company and Mighty Mekong Industries Co. Ltd. and Ecologica Co. Ltd. dated June 1, 2012 (incorporated by reference to our Current Report on Form 8-K filed on June 7, 2012)
Investment Agreement between our company and Fairhills Capital Offshore Ltd. dated August 20, 2012 (incorporated by reference to our Current Report on Form 8-K filed on August 22, 2012)
Registration Rights Agreement between our company and Fairhills Capital Offshore Ltd. dated August 20, 2012 (incorporated by reference to our Current Report on Form 8-K filed on August 22, 2012)
Securities Purchase Agreement between our company and Fairhills Capital Offshore Ltd. dated August 20, 2012 (incorporated by reference to our Current Report on Form 8-K filed on August 22, 2012)
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Exhibit
Number
Document
(31)Rule 13a-14(a) / 15d-14(a) Certifications
31.1*Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 of the Principal Executive Officer
31.2*Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 of the Principal Financial Officer and Principal Accounting Officer
(32)Section 1350 Certifications
32.1*Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 of the Principal Executive Officer
32.2*Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 of the Principal Financial Officer and Principal Accounting Officer
101**
Interactive Data Files
101.INSXBRL Instance Document
101.SCHXBRL Taxonomy Extension Schema Document
101.CALXBRL Taxonomy Extension Calculation Linkbase Document
101.DEFXBRL Taxonomy Extension Definition Linkbase Document
101.LABXBRL Taxonomy Extension Label Linkbase Document
101.PREXBRL Taxonomy Extension Presentation Linkbase Document

*Filed herewith.

**Furnished herewith. Pursuant to Rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed or part of any registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, are deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934, and otherwise are not subject to liability under those sections.
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SIGNATURES
Pursuant to the requirements of Section 13 or (ii) has an adverse interest to us in any legal proceedings. Management is not aware15(d) of any other legal proceedings pending or that have been threatened against us or our properties.



ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS


No report required.


ITEM 3. DEFAULTS UPON SENIOR SECURITIES


No report required.



ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS


No report required.



ITEM 5. OTHER INFORMATION


No report required.




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ITEM 6. EXHIBITS


Exhibits:



31.1 Certification of Chief Executive Officer pursuant tothe Securities Exchange Act of 1934, Rule 13a-14(a) or 15d-14(a).


31.2 Certification of Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).


32.1 Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002.




SIGNATURES


In accordance with the requirements of the Exchange Act, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


STEVIA NUTRA CORP.

AAA BEST CAR RENTAL INC

Dated:  December 14, 2011

26, 2012

By: /s/ Suresh Gupta

/s/ Hilary A. Rodrigues

Suresh Gupta, President and Hilary A. Rodrigues

Chief Executive Officer and
(Principal Executive Officer)
Dated:  December 26, 2012/s/ Brian W. Dicks
Brian W. Dicks
President, Chief Financial Officer,

Treasurer and Director
(Principal Financial Officer and Principal Accounting Officer)

















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