UNITED
STATES
 SECURITIES
AND EXCHANGE COMMISSION
 WASHINGTON,
D.C. 20549
 FORM
10-Q
 
 QUARTERLY
REPORT PURSUANT TO SECTION 13 OR 15(d) OF
 THE
SECURITIES EXCHANGE ACT OF 1934
 
 For the
quarter ended March 31, 2009
 Commission
File Number 000-51503
 
 Scrap China Corporation
 (Exact
Name of registrant as specified in its charter)
 
 Utah
                  81 - 0674073(State
      or other jurisdiction of Incorporation or organization
                  (I.R.S
      Employer Identification
No.)
 
 
 
 
 175
      East 400 South Suite 900, Salt Lake City, Utah
                  8411
                  801-531-0404(Address
      of principal executive offices)
                  (Zip
      Code)
                  (Registrant's
      telephone number)
 
 www.scrapchina.com
 (Web
Address)
 
 (Copies
      to:)Steve
      Taylor, 175 East 400 South, Suite 900 Salt Lake City, Utah,
      84111         801
      578-3283
 
 Check
whether the issuer (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.      Yes  [X]    No  [
]
 
 Indicate
by check mark whether the registrant is a large accelerated filer, 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 check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act). Yes [ x ]    No
[  ]
 
 State the
number of shares outstanding of the issuer’s classes of common equity, as of the
latest practicable date:  May 14, 2009 – 7,710,843
  
  SCRAP
CHINA CORPORATION
 FORM
10-Q
 QUARTER
ENDED March 31, 2009
 
 TABLE
OF CONTENTS
 
 PagePART
      I – FINANCIAL INFORMATIONItem
      1.
                                                Financial
      StatementsCondensed
      Balance Sheets – March 31, 2009 and June 30, 2008
    (Unaudited)
                                                3Condensed
      Statements of Operations for the Three and Nine Months Ended March 31,
      2009and March 31, 2008 and for the period from June 15, 2005 (Date
      of Inception) Through March 31, 2009 (Unaudited)
                                                4Condensed
      Statements of Cash Flows for the Nine Months Ended March 31, 2009and 2008 and for the period from June 15, 2005 (Date of Inception)
      Through March 31, 2009 (Unaudited)
                                                5Notes
      to Condensed Financial Statements
                                                6Item
      2.
                                                Management’s
      Discussion and Analysis of Financial Condition and Results of
      Operations
                                                7Item
      3.
                                                Quantitative
      and Qualitative Disclosures about Market Risk
                                                8Item
      4T.
                                                Controls
      and Procedures
                                                9PART
      II – OTHER INFORMATIONItem
      1.
                                                Legal
      Proceedings
                                                9Item
      1A.
                                                Risk
      Factors
                                                9Item
      2.
                                                Unregistered
      Sales of Equity Securities and Use of Proceeds
                                                9Item
      3.
                                                Default
      Upon Senior Securities
                                                9Item
      4.
                                                Submission
      of Matters to a Vote of Security Holders
                                                9Item
      5.
                                                Other
      Information
                                                10Item
      6.
                                                Exhibits
                                                10Signatures
                                                
                                                10
  2
  
 SCRAP
CHINA CORPORATION
 PART
I – FINANCIAL INFORMATION
 
 ITEM
1.   FINANCIAL STATEMENTS
  
 SCRAP
      CHINA CORPORATION(A
      Development Stage Company)CONDENSED
      BALANCE SHEETS(UNAUDITED)March
      31,
                                                                                                          
                                                                                                          
                                                                                                          June
      30,2009
                                                                                                          
                                                                                                          
                                                                                                          2008ASSETSCurrent
      AssetsCash
                                                                                                          
                                                                                                          $
                                                                                                          336
                                                                                                          
                                                                                                          
                                                                                                          $
                                                                                                          363Total
      Assets
                                                                                                          
                                                                                                          $
                                                                                                          336
                                                                                                          
                                                                                                          
                                                                                                          $
                                                                                                          363LIABILITIES
      AND STOCKHOLDERS' DEFICITCurrent
      LiabilitiesAccrued
      liabilities
                                                                                                          
                                                                                                          $
                                                                                                          5,990
                                                                                                          
                                                                                                          
                                                                                                          $
                                                                                                          8,250Payable
      to related party
                                                                                                          
                                                                                                          
                                                                                                          163,882
                                                                                                          
                                                                                                          
                                                                                                          
                                                                                                          150,735Total Current Liabilities
                                                                                                          
                                                                                                          
                                                                                                          169,872
                                                                                                          
                                                                                                          
                                                                                                          
                                                                                                          158,985Stockholders'
      DeficitCommon
      shares - par value $0.001 per share; 250,000,000 shares
      authorized;7,710,843 shares issued and outstanding, respectively
                                                                                                          
                                                                                                          
                                                                                                          7,711
                                                                                                          
                                                                                                          
                                                                                                          
                                                                                                          7,711Additional
      paid-in capital
                                                                                                          
                                                                                                          
                                                                                                          2,289
                                                                                                          
                                                                                                          
                                                                                                          
                                                                                                          2,289Deficit
      accumulated during development stage
                                                                                                          
                                                                                                          
                                                                                                          (179,536
                                                                                                          )
                                                                                                          
                                                                                                          
                                                                                                          (168,622
                                                                                                          )Total Stockholders' Deficit
                                                                                                          
                                                                                                          
                                                                                                          (169,536
                                                                                                          )
                                                                                                          
                                                                                                          
                                                                                                          (158,622
                                                                                                          )Total
      Liabilities and Stockholders' Deficit
                                                                                                          
                                                                                                          $
                                                                                                          336
                                                                                                          
                                                                                                          
                                                                                                          $
                                                                                                          363
  See the
accompanying notes to the condensed financial statements
 
 3
  SCRAP
      CHINA CORPORATION(A
      Development Stage Company)CONDENSED
      STATEMENTS OF OPERATIONS(UNAUDITED)For
      the period fromFor
      the Three Months Ended
                                                                                                                          
                                                                                                                          
                                                                                                                          For
      the Nine Months Ended
                                                                                                                          
                                                                                                                          
                                                                                                                          June
      15, 2005 (date ofMarch
      31,
                                                                                                                          
                                                                                                                          
                                                                                                                          March
      31,
                                                                                                                          
                                                                                                                          
                                                                                                                          inception)
      through2009
                                                                                                                          
                                                                                                                          
                                                                                                                          2008
                                                                                                                          
                                                                                                                          
                                                                                                                          2009
                                                                                                                          
                                                                                                                          
                                                                                                                          2008
                                                                                                                          
                                                                                                                          
                                                                                                                          March
      31, 2009Sales
                                                                                                                          
                                                                                                                          $
                                                                                                                          -
                                                                                                                          
                                                                                                                          
                                                                                                                          $
                                                                                                                          -
                                                                                                                          
                                                                                                                          
                                                                                                                          $
                                                                                                                          -
                                                                                                                          
                                                                                                                          
                                                                                                                          $
                                                                                                                          -
                                                                                                                          
                                                                                                                          
                                                                                                                          $
                                                                                                                          -Operating
      ExpensesSelling, general andadminstrative expenses
                                                                                                                          
                                                                                                                          
                                                                                                                          2,759
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          2,739
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          10,914
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          16,179
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          179,536Total Operating Expenses
                                                                                                                          
                                                                                                                          
                                                                                                                          2,759
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          2,739
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          10,914
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          16,179
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          179,536Net
      Loss
                                                                                                                          
                                                                                                                          $
                                                                                                                          (2,759
                                                                                                                          )
                                                                                                                          
                                                                                                                          $
                                                                                                                          (2,739
                                                                                                                          )
                                                                                                                          
                                                                                                                          $
                                                                                                                          (10,914
                                                                                                                          )
                                                                                                                          
                                                                                                                          $
                                                                                                                          (16,179
                                                                                                                          )
                                                                                                                          
                                                                                                                          $
                                                                                                                          (179,536
                                                                                                                          )Basic
      and Diluted Net Loss per Share
                                                                                                                          
                                                                                                                          $
                                                                                                                          -
                                                                                                                          
                                                                                                                          
                                                                                                                          $
                                                                                                                          -
                                                                                                                          
                                                                                                                          
                                                                                                                          $
                                                                                                                          -
                                                                                                                          
                                                                                                                          
                                                                                                                          $
                                                                                                                          -Weighted-Average
      CommonShares Outstanding
                                                                                                                          
                                                                                                                          
                                                                                                                          7,710,843
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          7,710,843
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          7,710,843
                                                                                                                          
                                                                                                                          
                                                                                                                          
                                                                                                                          7,710,843
  See the
accompanying notes to the condensed financial statements
   4
   SCRAP
      CHINA CORPORATION(A
      Development Stage Company)CONDENSED
      STATEMENTS OF CASH FLOWS(UNAUDITED)For
      the period fromFor
      the Nine Months Ended
                                                
                                                
                                                June
      15, 2005 (date ofMarch
      31,
                                                
                                                
                                                inception)
      through2009
                                                
                                                
                                                2008
                                                
                                                
                                                March
      31, 2009Cash
      Flows from Operating Activities:Net
      loss
                                                $
                                                (10,914
                                                )
                                                
                                                $
                                                (16,179
                                                )
                                                
                                                $
                                                (179,536
                                                )Changes
      in assets and liabilities:Accrued liabilities
                                                
                                                (2,260
                                                )
                                                
                                                
                                                (2,790
                                                )
                                                
                                                
                                                5,990Net Cash Used in Operating Activities
                                                
                                                (13,174
                                                )
                                                
                                                
                                                (18,969
                                                )
                                                
                                                
                                                (173,546
                                                )Cash
      Flows Provided by Investing Activities:
                                                
                                                -
                                                
                                                
                                                
                                                -
                                                
                                                
                                                
                                                -Cash
      Flows from Financing Activities:Payable
      to related party
                                                
                                                13,147
                                                
                                                
                                                
                                                18,942
                                                
                                                
                                                
                                                163,882Proceeds
      from sale of common stock
                                                
                                                -
                                                
                                                
                                                
                                                -
                                                
                                                
                                                
                                                10,000Net Cash Provided by Financing Activities
                                                
                                                13,147
                                                
                                                
                                                
                                                18,942
                                                
                                                
                                                
                                                173,882Net
      Change in Cash
                                                
                                                (27
                                                )
                                                
                                                
                                                (27
                                                )
                                                
                                                
                                                336Cash
      at Beginning of Period
                                                
                                                363
                                                
                                                
                                                
                                                399
                                                
                                                
                                                
                                                -Cash
      at End of Period
                                                $
                                                336
                                                
                                                
                                                $
                                                372
                                                
                                                
                                                $
                                                336
  See the
accompanying notes to the condensed financial statements
 5
  SCRAP
CHINA CORPORATION
 (A
Development Stage Company)
 NOTES
TO CONDENSED FINANCIAL STATEMENTS
 (UNAUDITED)
 
 NOTE
1–ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES
 
 Organization and Nature of
Operations— On June
15, 2005, Scrap China Corporation (“the Company”) was organized under the laws
of the State of Utah. The Company is considered a development stage enterprise
and is in the process of raising capital to fund operations.  As such,
the Company has, since inception, spent most of its efforts in developing its
business plan and in raising capital to fund its operations. The Company has
relied upon cash flows from equity issuances and advances from related parties
to sustain operations.  The Company is continuing to mature its business
plan and is proceeding to raise capital in order to execute the proof of concept
phase for the Company’s operations.
 
 Basis of Presentation — The
accompanying condensed financial statements have been prepared by Scrap China
Corporation and are unaudited.  In the opinion of management, the
accompanying unaudited financial statements contain all adjustments (consisting
of only normal recurring adjustments) necessary for a fair presentation in
accordance with accounting principles generally accepted in the United States of
America.
 
 The
accompanying unaudited interim financial statements have been condensed pursuant
to the rules and regulations of the Securities and Exchange Commission;
therefore, certain information and disclosures generally included in financial
statements have been condensed or omitted. These financial statements should be
read in conjunction with the Company's annual financial statements included in
the Company's annual report on Form 10K as of June 30, 2008 previously filed
with the SEC on September 29, 2008.  The financial position and
results of operations of the interim periods presented are not necessarily
indicative of the results to be expected for the year ended June 30,
2009.
 
 Business Condition—
The Company has limited operating history and it has not yet been able to
develop and execute its business plan.  This situation raises
substantial doubt about its ability to continue as a going concern. The Company
plans to fund its operations by issuing equity securities or loans from related
parties. Success in these efforts is not assured.  The financial
statements do not include any adjustments relating to the recoverability and
classification of asset carrying amounts or the amount and classification of
liabilities that might result should the Company be unable to continue as a
going concern.
 
 Recent Accounting
Pronouncements —
In September 2006, the Financial Accounting Standards Board (FASB) issued
SFAS No. 157, Fair
Value Measurements, which defines fair value, establishes a framework for
measuring fair value in generally accepted accounting principles and expands
disclosures about fair value measurements. SFAS No. 157 is effective for
fiscal years beginning after November 15, 2007, and interim periods within
those fiscal years. In February 2008, the FASB issued FASB Staff Position (FSP
FIN) No. 157-2 which extended the effective date for certain nonfinancial assets
and nonfinancial liabilities to fiscal years beginning after November 15,
2008.  The adoption of the portions of SFAS No. 157 that were not
postponed by (FSP FIN) No. 157-2 did not have a material impact on the Company’s
financial statements. The Company does not expect the adoption of the postponed
portions of SFAS No. 157 to have a material impact on its financial
statements.
 
 In
December 2007, the FASB issued SFAS No. 141(R), Business Combinations, and
SFAS No. 160, Noncontrolling Interests in
Consolidated Financial Statements. SFAS No. 141(R) requires an
acquirer to measure the identifiable assets acquired, the liabilities assumed
and any non-controlling interest in the acquire at their fair values on the
acquisition date, with goodwill being the excess value over the net identifiable
assets acquired. SFAS No. 160 clarifies that a non-controlling interest in
a subsidiary should be reported as equity in the consolidated financial
statements, consolidated net income shall be adjusted to include the net income
attributed to the non-controlling interest and consolidated comprehensive income
shall be adjusted to include the comprehensive income attributed to the
non-controlling interest. The calculation of earnings per share will continue to
be based on income amounts attributable to the parent. SFAS
No. 141(R) and SFAS No. 160 were effective for financial
statements issued for fiscal years beginning after December 15, 2008. Early
adoption is prohibited. The adoption of SAFS No. 141(R) and SFAS No. 160 did not
have a material affect on the Company’s financial statements.
  6
  In
February 2008, the FASB issued FASB Staff Position (FSP) FAS No. 140-3, Accounting for Transfers of
Financial Assets and Repurchase Financing Transactions (FSP FAS 140-3).
FSP FAS 140-3 requires an initial transfer of a financial asset and a repurchase
financing that was entered into contemporaneously or in contemplation of the
initial transfer to be evaluated as a linked transaction under SFAS No. 140
unless certain criteria are met, including that the transferred asset must be
readily obtainable in the marketplace. FSP FAS 140-3 was effective for fiscal
years beginning after November 15, 2008, and will be applied to new transactions
entered into after the date of adoption. Early adoption is prohibited. The
adoption of FSP FAS No. 140-3 did not have a material affect on the Company’s
financial statements.
 
 In March
2008, the FASB issued SFAS No. 161, Disclosures about Derivative
Instruments and Hedging Activities.  SFAS No. 161 amends SFAS
No. 133, Accounting for
Derivative Instruments and Hedging Activities to require enhanced
disclosures concerning the manner in which an entity uses derivatives (and the
reasons it uses them), the manner in which derivatives and related hedged items
are accounted for under SFAS No. 133 and interpretations thereof, and the
effects that derivatives and related hedged items have on an entity's financial
position, financial performance, and cash flows.  SFAS No. 161 was
effective for financial statements of fiscal years and interim periods beginning
after November 15, 2008. The adoption of SFAS No. 161 did not have a material
affect on the Company’s financial statements.
 
 In
October 2008, the FASB issued FSP FAS 157-3 Determining Fair Value of a
Financial Asset in a Market That Is Not Active (FSP FAS 157-3). FSP FAS
157-3 clarified the application of SFAS No. 157 in an inactive market. It
demonstrated how the fair value of a financial asset is determined when the
market for that financial asset is inactive. FSP FAS 157-3 was effective upon
issuance, including prior periods for which financial statements had not been
issued. The adoption of FSP FAS No. 157-3 did not have a material affect on the
Company’s financial statements.
 
 NOTE
2–PAYABLE TO RELATED PARTY
 
 At March
31, 2009 and June 30, 2008, the Company owed $163,882 and $150,735,
respectively, to RecycleNet Corporation, a company related through common
ownership and management.  During the year ended June 30, 2008, and
the nine months ended March 31, 2009, RecycleNet Corporation paid certain
expenses for travel, management and legal, and accounting expenses on behalf of
Scrap China Corporation. The Company anticipates that RecycleNet Corporation, if
required, would provide additional funds; however, there is no assurance that
future advances will be repaid.  These advances are due on demand and
bear no interest.
 
 ITEM
2 – MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS
 
 Cautionary Statement
Regarding Forward-Looking Statements
 
 Certain
statements contained in this Section and elsewhere in this Form 10-Q regarding
matters that are not historical facts are forward-looking statements (as such
term is defined in the Private Securities Litigation Reform Act of
1995).  Because such forward-looking statements include risks and
uncertainties, actual results may differ materially from those expressed or
implied by such forward-looking statements. All statements that address
operating performance, events or developments that management expects or
anticipates to occur in the future, including statements relating to sales and
earnings growth or statements expressing general optimism about future operating
results, are forward-looking statements. The forward-looking statements are
based on management's current views and assumptions regarding future events and
operating performance. Many factors could cause actual results to differ
materially from estimates contained in management's forward-looking
statements.  The differences may be caused by a variety of factors,
including but not limited to adverse economic conditions, competitive pressures,
inadequate capital, unexpected costs, lower revenues, net income and forecasts,
the possibility of fluctuation and volatility of our operating results and
financial condition, inability to carry out marketing and sales plans and loss
of key executives, among other things.
  7
  Plan
of Operation
 
 Scrap
China Corporation is a development stage company.  The Company plans
to specialize in moving scrap materials into China.  These materials
include, but are not limited to, scrap metal, waste paper, scrap plastic, scrap
glass, etc.  The Company’s main focus will be on freight consolidation
resulting in better economics in the transactions.
 
 The
Company is continuing to mature its business plan and is proceeding to raise
capital in order to execute the proof of concept phase for the companies
operations.
 
 The
Company is unaware of any existing or probable government regulations in the
United States or China that would have any material negative impact on our
business.
 
 The
Company has assessed which permits, registrations or licenses are required to
import goods into China and the costs associated with them.  There are
a number of permits, registrations and licenses that may be required by either
the Company, or by any buyer or seller that the Company deals with, in order to
be in compliance with any Chinese rules, regulations and environmental
laws.  The Company does not anticipate any difficulties in completing
this process or any difficulties in obtaining any necessary documentation that
may be required.
 
 To date
the Company has determined that the following permits, registrations or licenses
may be required in China:
 
 1.
              General
      Administration for Quality Supervision, Inspection and
      Quarantine  – AQSIQ
 2.
              Compulsory
      Certificate – CCC
 
 
 On June
15, 2005, upon inception of the Company, RecycleNet Corporation provided initial
capital of $10,000 by purchasing 10,000,000 common shares
(100%).  RecycleNet Corporation, if required, over the next twelve
months, will provide additional funds.  The Company does not
anticipate spending more than $100,000 over the next twelve months.
 
 The
Company does not anticipate the purchase of any significant equipment or
buildings during the development stage.
 
 The
Company does not expect any significant change in employees.
 
 Off-Balance
Sheet Arrangements
 
 None
 
 ITEM
3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET
RISK
 
 As a
“smaller reporting company” (as defined by Item 10 of Regulation S-K), the
Company is not required to provide information required by this Item, as defined
by Regulation S-K Item 305(e).
 
 
 ITEM
4T. CONTROLS AND PROCEDURES
 
 Evaluation of Disclosure
Controls:The Company evaluated
the effectiveness of the design and operation of its “disclosure controls and
procedures” as defined in Rule 13a-15(e) under the Securities Exchange Act of
1934, as amended (the “Exchange Act”) as of the end of the period covered by
this report. This evaluation (the “disclosure controls evaluation”) was done
under the supervision and with the participation of management, including the
chief executive officer (“CEO”) and chief financial officer (“CFO”). Rules
adopted by the SEC require that in this section of the Quarterly Report on Form
10-Q, the Company present the conclusions of the CEO and the CFO about the
effectiveness of its disclosure controls and procedures as of the end of the
period covered by this report based on the disclosure controls
evaluation.
  8
  Objective of Controls: The
Company’s disclosure controls and procedures are designed so that information
required to be disclosed in the reports filed or submitted under the Exchange
Act, such as this Quarterly Report on Form 10-Q, is recorded, processed,
summarized and reported within the time periods specified in the SEC’s rules and
forms. The Company’s disclosure controls and procedures are also intended to
ensure that such information is accumulated and communicated to its management,
including the CEO and CFO, as appropriate to allow timely decisions regarding
required disclosure. There are inherent limitations to the effectiveness of any
system of disclosure controls and procedures, including the possibility of human
error and the circumvention or overriding of the controls and procedures.
Accordingly, even effective disclosure controls and procedures can only provide
reasonable assurance of achieving their control objectives, and management
necessarily is required to use its judgment in evaluating the cost-benefit
relationship of possible disclosure controls and procedures.
 
 Conclusion: Based upon the
disclosure controls evaluation, the Company’s CEO and CFO have concluded that as
of the end of the period covered by this report, the disclosure controls and
procedures were effective to provide reasonable assurance that the foregoing
objectives are achieved.
 
 Changes in Internal Control over
Financial Reporting: There were no changes in the Company’s internal
control over financial reporting during the quarter ended March 31, 2009 that
have materially affected, or are reasonably likely to materially affect, the
Company’s internal control over financial reporting.
 
 
 PART
II – OTHER INFORMATION
 
 ITEM
1. LEGAL
PROCEEDINGS
 
 Neither
the Company nor any of its officers, directors or greater than 10% beneficial
shareholders are involved in any litigation or legal proceedings involving the
business of the Company.
 
 ITEM
1A.  RISK FACTORS
 
 As a
“smaller reporting company” as defined by Item 10 of Regulation S-K, the Company
is not required to provide information required by this Item.
 
 ITEM
2. UNREGISTERED
SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
 
 None
 
 ITEM
3.     DEFAULTS UPON SENIOR SECURITIES
 
 None
 
 ITEM
4.     SUBMISSION OF MATTERS TO A VOTE OF SECURITY
HOLDERS
 
 None
 
 ITEM
5.     OTHER INFORMATION
 
 None
 
 ITEM
6.     EXHIBITS
 
  9
  Index
to Exhibits
 
 Exhibit
3.1 – Articles of Incorporation (1)
 
 Exhibit
20 – Resolution of Board of directors re: Acquisition of Shares (1)
 
 Exhibit
31.1 – Certification of the Chief Executive Officer pursuant to Section 302 of
the Sarbanes-Oxley Act of 2002
 
 Exhibit
31.2 – Certification of the Chief Financial Officer pursuant to Section 302 of
the Sarbanes-Oxley Act of 2002
 
 Exhibit
32.1 – Certification of Chief Executive Officer pursuant to U.S.C Section 1350
as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
2002
 
 Exhibit
32.2 – Certification of Chief Financial Officer pursuant to U.S.C Section 1350
as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
2002
 
 (1)  Incorporated by
reference herein filed as exhibits to the Company's Registration Statement on
Form 10SB previously filed with the SEC on August 18, 2005, and subsequent
amendments made thereto.
 
 
 Reports
on Form 8-K
 
 None
 
 SIGNATURES
 
 
 Pursuant
to the requirements of the Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
 
 
 Scrap
      China CorporationMay
      14, 2009
                                          
                                          /s/
      Paul RoszelPaul
      Roszel, President and Chairman of the Board
      of  DirectorsMay
      14, 2009
                                          
                                          /s/
      Richard IvanovickRichard
      Ivanovick, C.A., Chief Financial and Accounting
  Officer
  
 10