----

----

|   |                                                                                              |
|--------|---------------------------------------------------------------------------------------------------|
| x      | QUARTERLY      REPORT UNDER SECTION 13 OR 15 (D) OF THE SECURITIES EXCHANGE ACT OF      1934 |

|   |                                                                                               |
|--------|----------------------------------------------------------------------------------------------------|
| q      | TRANSITION      REPORT UNDER SECTION 13 OR 15 (D) OF THE SECURITIES EXCHANGE ACT OF      1934 |

|   | Delaware                                                |   | 26-3773798                                    |   |
|--------|---------------------------------------------------------|--------|-----------------------------------------------|--------|
|   | (State      or other jurisdictionof      incorporation) |   | (I.R.S.      EmployerIdentification      No.) |   |

|   | Large accelerated filer | q      |   | Accelerated filer              | q      |   |
|--------|-----------------------------------|--------|--------|-------------------------------------|--------|--------|
|   |                              |   |   |                                |   |   |
|   | Non-accelerated      filer        | q      |   | Smaller reporting company | x      |   |

----

|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
|-------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|        | Part      I – Financial Information                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |
| Item 1      | Condensed Financial Statements                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
|        | Condensed Balance Sheets as of December 31,      2008 and March 31, 2008                                                                                                                                                                                                                                                                                                                                                                                                                                 | 3      |
|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
|        | Condensed      Statements of Operations for the Three      and Nine Months      Ended      December      31,      2008, and      2007 and for the Period      from Inception,      August 19, 1999, through December      31,      2008                                                                                                                                                                                                                                                        | 4      |
|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
|        | Condensed      Statements of Cash Flows for the Nine Months      Ended      December      31,      2008, and      2007 and the Period      from Inception,      August 19, 1999, through December      31,      2008                                                                                                                                                                                                                                                                           | 5      |
|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
|        | Notes      to the Condensed      Financial Statements                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 6      |
|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
| Item      2 | Management’s      Discussion and Analysis or Plan of Operation                                                                                                                                                                                                                                                                                                                                                                                                                                     | 7      |
|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
| Item      3 | Quantitative      and Qualitative Disclosures about Market Risk                                                                                                                                                                                                                                                                                                                                                                                                                                          | 9      |
|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
| Item      4 | Controls      and Procedures                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 9      |
|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
|        | Part      II – Other Information                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |
| Item      1 | Legal      Proceedings                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 11     |
|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
| Item      2 | Unregistered      Sales Of Equity Securities And Use Of Proceeds                                                                                                                                                                                                                                                                                                                                                                                                                                         | 11     |
|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
| Item      3 | Defaults      Upon Senior Securities                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 11     |
|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
| Item      4 | Submission      Of Matters To A Vote Of Security Holders                                                                                                                                                                                                                                                                                                                                                                                                                                                 | 11     |
|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
| Item      5 | Other      Information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 11     |
|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
| Item      6 | Exhibits                                                                                      | 11     |

----

ITEM 1  

|                                                                                                                                       |   |                        |       |   |                |   |
|--------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------|------------|--------|---------------------|--------|
|                                                                                                                                  |   | December      31, 2008 |       |   | March      31, 2008 |   |
|                                                                                                                                       |   | (Unaudited)                 |       |   |                |   |
| ASSETS                                                                                                                                     |   |                        |       |   |                |   |
| Current      assets:                                                                                                                       |   |                        |       |   |                |   |
|     Cash      and cash equivalents                                                                                     |   | $                           | 37         |   |                | $      | 737 |   |
|     Accounts      receivable, net                                                                                      |   |                        | -          |   |                |   | 4,734 |   |
|                                                                                                                                       |   |                        |       |   |                |   |   |   |
|         Total      current assets                                                                  |   |                        | 37         |   |                |   | 5,471 |   |
|                                                                                                                                       |   |                        |       |   |                |   |   |   |
| Property      and equipment, net                                                                                                           |   |                        | -          |   |                |   | 1,193 |   |
|                                                                                                                                  |   |                        |       |   |                |   |   |   |
|             Total      assets                                                  |   | $                           | 37         |   |                | $      | 6,664 |   |
|                                                                                                                                       |   |                        |       |   |                |   |   |   |
| LIABILITIES      AND SHAREHOLDERS' DEFICIENCY                                                                                              |   |                        |       |   |                |   |   |   |
|                                                                                                                                  |   |                        |       |   |                |   |   |   |
| Current      liabilities:                                                                                                                  |   |                        |       |   |                |   |   |   |
|     Accounts      payable and accrued liabilities                                                                      |   | $                           | 131,709    |   |                | $      | 168,206 |   |
|     Related      party payable                                                                                         |   |                        | 18,608     |   |                |   | 9,254 |   |
|     Notes      payable to shareholder                                                                                  |   |                        | -          |   |                |   | 4,000 |   |
|     Notes      payable to affiliate                                                                                    |   |                        | 61,000     |   |                |   | 42,500 |   |
|     Interest      payable to shareholder                                                                               |   |                        | 3,221      |   |                |   | 933 |   |
|     Deferred      revenue                                                                                              |   |                        | 16,205     |   |                |   | 17,015 |   |
|                                                                                                                                       |   |                        |       |   |                |   |   |   |
|         Total      current liabilities                                                             |   |                        | 230,743    |   |                |   | 241,908 |   |
|                                                                                                                                       |   |                        |       |   |                |   |   |   |
| Shareholders'      deficiency:                                                                                                             |   |                        |       |   |                |   |   |   |
|   Preferred      stock, par value $0.001, 5,000,000 shares      authorized, no shares issued and outstanding                |   |                        | -          |   |                |   | - |   |
|   Common      stock, par value $0.001, 95,000,000 shares      authorized, 3,400,726 shares issued and      outstanding |   |                        | 3,401      |   |                |   | 3,401 |   |
|   Paid-in      capital                                                                                                           |   |                        | 8,273,839  |   |                |   | 8,273,839 |   |
|   Deficit      accumulated during the development stage                                                                          |   |                        | (8,507,946 | )      |                |   | (8,512,484 | ) |
|                                                                                                                                  |   |                        |       |   |                |   |   |   |
|         Total      shareholders' deficiency                                                        |   |                        | (230,706   | )      |                |   | (235,244 | ) |
|                                                                                                                                  |   |                        |       |   |                |   |   |   |
|             Total      liabilities and shareholders' deficiency                |   | $                           | 37         |   |                | $      | 6,664 |   |

----

|                                           |   | Three      Months Ended |      |   | Nine      Months Ended |   |      | For      the PeriodAugust      19, 1999 (Inception      ) to |   |
|------------------------------------------------|--------|-------------------------|-----------|--------|------------------------|--------|-----------|-------------------------------------------------------------------|--------|
|                                           |   | December      31,       |      |   | December      31,      |   |      | December      31,                                                 |   |
|                                           |   | 2008                    |      |   | 2007                   |   |      | 2008                                                              |   |   | 2007 |   |   | 2008 |   |
| Revenue                              |   | $                       | -         |   |                   | $      | 2,624     |                                                              |   | $ | 811 |   |   | $ | 15,052 |   |   |   | 371,611 |   |
|                                           |   |                    |      |   |                   |   |      |                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| General      and administrative expenses       |   |                    | (9,354    | )      |                   |   | (12,789   | )                                                                 |   |   | (32,302 | ) |   |   | (77,655 | ) |   |   | (6,736,019 | ) |
| Impairment      of long lived      assets |   |                    | -         |   |                   |   | -         |                                                              |   |   | (855 | ) |   |   | - |   |   |   | (855 | ) |
| Impairment      ofloan receivable              |   |                    | -         |   |                   |   | -         |                                                              |   |   | - |   |   |   | - |   |   |   | (130,000 | ) |
|                                      |   |                    |      |   |                   |   |      |                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      expenses                            |   |                    | (9,354    | )      |                   |   | (12,789   | )                                                                 |   |   | (33,157 | ) |   |   | (77,655 | ) |   |   | (6,866,874 | ) |
|                                           |   |                    |      |   |                   |   |      |                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Income (Loss)      from operations   |   |                    | (9,354    | )      |                   |   | (10,165   | )                                                                 |   |   | (32,346 | ) |   |   | (62,603 | ) |   |   | (6,495,263 | ) |
|                                           |   |                    |      |   |                   |   |      |                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest      expense                          |   |                    | (1,286    | )      |                   |   | (241      | )                                                                 |   |   | (2,989 | ) |   |   | (4,090 | ) |   |   | (546,028 | ) |
| Other      income                              |   |                    | 31,073    |   |                   |   | -         |                                                              |   |   | 39,873 |   |   |   | - |   |   |   | 39,873 |   |
| Loss      on conversion of shareholder debt    |   |                    | -         |   |                   |   | -         |                                                              |   |   | - |   |   |   | - |   |   |   | (1,506,528 | ) |
|                                           |   |                    |      |   |                   |   |      |                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      income (loss)                    |   | $                       | 20,433    |   |                   | $      | (10,406   | )                                                                 |   | $ | 4,538 |   |   | $ | (66,693 | ) |   | $ | (8,507,946 | ) |
|                                      |   |                    |      |   |                   |   |      |                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic      and dilutedloss per share           |   | $                       | -         |   |                   | $      | -         |                                                              |   | $ | - |   |   | $ | - |   |   |   |   |   |
|                                           |   |                    |      |   |                   |   |      |                                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted      average sharesoutstanding        |   |                    | 3,400,726 |   |                   |   | 3,400,726 |                                                              |   |   | 3,400,726 |   |   |   | 3,400,726 |   |   |   |   |   |

----

|                                                                                  |   | Nine      Months Ended |    |   | From Inception      to |   |
|---------------------------------------------------------------------------------------|--------|------------------------|---------|--------|-----------------------------|--------|
|                                                                                  |   | December      31,      |    |   | December      31,           |   |   | December      31, |   |
|                                                                                  |   | 2008                   |    |   | 2007                        |   |   | 2008 |   |
| Cash      flows from operating activities:                                            |   |                   |    |   |                        |   |   |   |   |   |   |   |
| Net      loss                                                                         |   | $                      | 4,538   |   |                        | $      | (66,693 | ) |   | $ | (8,507,946 | ) |
| Adjustments      to reconcile net loss to net      cash used in operating activities: |   |                   |    |   |                        |   |   |   |   |   |   |   |
| Depreciation      expense                                                             |   |                   | 338     |   |                        |   | 1,581 |   |   |   | 52,789 |   |
| Impairment      of long lived assets                                                  |   |                   | 855     |   |                        |   | - |   |   |   | 855 |   |
| Impairment      of loan receivable                                                    |   |                   | -       |   |                        |   | - |   |   |   | 130,000 |   |
| Accrued      interest payable converted to equity                                     |   |                   | -       |   |                        |   | 1,412 |   |   |   | 209,817 |   |
| Common      stock issued for services                                                 |   |                   | -       |   |                        |   | - |   |   |   | 123,599 |   |
| Loss      on conversion of stockholder debt to common stock                           |   |                   | -       |   |                        |   | - |   |   |   | 1,506,528 |   |
| Expenses      paid by shareholder and affiliate                                       |   |                   | -       |   |                        |   | - |   |   |   | 636,796 |   |
| Payables      and services converted to common stock                                  |   |                   | -       |   |                        |   | - |   |   |   | 770,674 |   |
| Changes      in operating assets and liabilities:                                     |   |                   |    |   |                        |   |   |   |   |   |   |   |
| Accounts      receivable, trade                                                       |   |                   | 4,734   |   |                        |   | 4,500 |   |   |   | - |   |
| Accounts      payable and accrued liabilities                                         |   |                   | (36,497 | )      |                        |   | 8,950 |   |   |   | 140,963 |   |
| Interest      payable to affiliates                                                   |   |                   | 2,288   |   |                        |   | 79 |   |   |   | 338,978 |   |
| Deferred      revenue                                                                 |   |                   | (810    | )      |                        |   | (4,890 | ) |   |   | 16,205 |   |
|                                                                                  |   |                   |    |   |                        |   |   |   |   |   |   |   |
| Net      cash used in operating activities                                            |   |                   | (24,554 | )      |                        |   | (55,061 | ) |   |   | (4,580,742 | ) |
|                                                                                  |   |                   |    |   |                        |   |   |   |   |   |   |   |
| Cash      flows from investing activities:                                            |   |                   |    |   |                        |   |   |   |   |   |   |   |
|     Purchase      of property and equipment                       |   |                   | -       |   |                        |   | - |   |   |   | (53,644 | ) |
|     Loan      receivable                                          |   |                   | -       |   |                        |   | - |   |   |   | (130,000 | ) |
|                                                                                  |   |                   |    |   |                        |   |   |   |   |   |   |   |
| Net      cash used in investing activities                                            |   |                   | -       |   |                        |   | - |   |   |   | (183,644 | ) |
|                                                                                  |   |                   |    |   |                        |   |   |   |   |   |   |   |
| Cash      flows from financing activities:                                            |   |                   |    |   |                        |   |   |   |   |   |   |   |
|     Proceeds      from former and present parent company          |   |                   | 9,354   |   |                        |   | 22,822 |   |   |   | 669,299 |   |
|     Proceeds      from notes payable-other                        |   |                   | -       |   |                        |   | - |   |   |   | 385,000 |   |
|     Proceeds      from notes payable-shareholder                  |   |                   | -       |   |                        |   | 6,700 |   |   |   | 1,815,650 |   |
|     Proceeds      from notes payable to affiliates                |   |                   | 18,500  |   |                        |   | 25,200 |   |   |   | 2,564,191 |   |
|     Payments      on notes payable to affiliates                  |   |                   | -       |   |                        |   | - |   |   |   | (141,000 | ) |
|     Payments      on notes payable-other                          |   |                   | -       |   |                        |   | - |   |   |   | (338,018) |   |
|     Payments      on notes payable-shareholder                    |   |                   | (4,000  | )      |                        |   | - |   |   |   | (190,699 | ) |
|                                                                                  |   |                   |    |   |                        |   |   |   |   |   |   |   |
| Net      cash provided by financing activities                                        |   |                   | 23,854  |   |                        |   | 54,722 |   |   |   | 4,764,423 |   |
|                                                                                  |   |                   |    |   |                        |   |   |   |   |   |   |   |
| Net      increase (decrease) in cash and cash equivalents                             |   |                   | (700    | )      |                        |   | (339 | )  |   |   | 37 |   |
| Cash      and cash equivalents, beginning of period                                   |   |                   | 737     |   |                        |   | 339 |   |   |   | - |   |
| Cash      and cash equivalents, end of period                                    |   | $                      | 37      |   |                        | $      | - |   |   | $ | 37 |   |

----

----

| Balance      at March 21, 2007                                                                                                                                                                                                                                                 |   | $      | -      |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|
| Issued                                                  |   |   | 42,500 |   |
| Balance      at March 31, 2008                                                                                                                                                                                                                                                 |   |   | 42,500 |   |
| Issued                                                                                                                                                                                                                                                                         |   |   | 18,500 |   |
| Balance      at December 31, 2008                                                                                                                                                                                                                                              |   | $      | 61,000 |   |

| Balance      at March 31, 2008    |   | $      | 9,254  |   |
|-----------------------------------|--------|--------|--------|--------|
| Issued                            |   |   | 9,354  |   |
| Balance      at December 31, 2008 |   | $      | 18,608 |   |

----

|                                       |   | Nine      Months Ended |    |
|--------------------------------------------|--------|------------------------|---------|
|                                       |   | December      31,2008  |    |   | December      31,2007 |   |
| Cash      used in operating activities     |   | $                      | (24,554 | ) |   | $ | (55,061 | ) |
| Cash      used in investing activities     |   |                   | -       |   |   |   | - |   |
| Cash      provided by financing activities |   |                   | 23,854  |   |   |   | 54,722 |   |
| Net      changes to cash                   |   | $                      | (700    | ) |   | $ | (339 | ) |

----

----

----

| ITEM      1.   | LEGAL      PROCEEDINGS |
|---------------------|------------------------|

| ITEM      2.   | UNREGISTERED      SALES OF EQUITY SECURITIES AND USE OFPROCEEDS |
|---------------------|-----------------------------------------------------------------|

| ITEM      3.   | DEFAULTS      UPON SENIOR SECURITIES |
|---------------------|--------------------------------------|

| ITEM      4.   | SUBMISSION      OF MATTERS TO A VOTE OF SECURITYHOLDERS |
|---------------------|---------------------------------------------------------|

| ITEM      5.   | OTHER      INFORMATION |
|---------------------|------------------------|

| ITEM      6.   | EXHIBITS |
|---------------------|----------|

|          |                                                                                                                                                                                                                                             |
|---------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Number        | Description                                                                                                                                                                                                                                      |
| 3.1      (1)  | Articles      of Incorporation, as Amended                                                                                                                                                                                                       |
| 3.2      (1)  | Bylaws                                                                                                                                                                                                                                           |
| 31.1      (2) | Certification      of Chief Executive Officer of Winwheel Bullion, Inc. Required by Rule      13a-14(1) or Rule 15d-14(a) of the Securities Exchange Act of 1934, as      adopted pursuant to Section 302 of the Sarbanes-Oxley Act of      2002 |
| 31.2      (2) | Certification      of Chief Financial Officer of Winwheel Bullion, Inc. Required by Rule      13a-14(1) or Rule 15d-14(a) of the Securities Exchange Act of 1934, as      adopted pursuant to Section 302 of the Sarbanes-Oxley Act of      2002 |
| 32.1      (2) | Certification      of Chief Executive Officer of Winwheel Bullion, Inc. Pursuant to Section      906 of the Sarbanes-Oxley Act of 2002 and Section 1350 Of 18 U.S.C.      63                                                                     |
| 32.2      (2) | Certification      of Chief Financial Officer of Winwheel Bullion, Inc. Pursuant to Section      906 of the Sarbanes-Oxley Act of 2002 and Section 1350 Of 18 U.S.C.      63                                                                     |

| (1)  | Previously      filed with the form 8-K filed on April 7, 2004 and is incorporated herein      by reference. |
|-----------|--------------------------------------------------------------------------------------------------------------|
| (2)  | Field      herewith                                                                                          |

----

|                                                   |                        |                                 |
|--------------------------------------------------------|-----------------------------|--------------------------------------|
|           | WINWHEEL      BULLION, INC. |
|                                                   |                        |                            |
|                                                   |                        |                                 |
| Date:      February 12, 2009                           | By:               | /s/      Sungjin Kim                 |
|                                                   |                        | Sungjin      Kim                     |
|                                                   |                        | Chief      Executive Officer         |
|                                                   |                        |                                 |
| Date:      February 12, 2009                           | By:               | /s/      Inho Cho                    |
|                                                   |                        | Inho      Cho                        |
|                                                   |                        | Interim      Chief Financial Officer |