SECURITIES AND EXCHANGE COMMISSION
                      Washington, D.C. 20549
                            Form 10-KSB

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


For the annual period ended December 31, 2003


    TRANSITION  REPORT  PURSUANT TO SECTION 13 OR
       15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
       for the transition period from
       ___________________ to __________________

           Commission File Number 000-27129

               Asian Financial, Inc.
       (Exact Name of Small Business Issuer as
             specified in its charter)


           NEVADA                                   91-1922225
(State or other Jurisdiction of                   I.R.S. Employer
Incorporation or Organization)                 Identification Number

829 Francis Drive, Palm Springs, CA                    92262
(Address of principal executive office)            (Zip Code)

               (760) 322-9277
         (Issuer's Telephone Number)

Check whether the Issuer (1) filed all reports
required to be filed by Section 13 or (15d) 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 the number of shares outstanding of each
of the issuer's classes of Common Equity, as of
the latest practicable date.




Common Stock, $.001 par value                  1,500,000
                                     Number of Shares Outstanding
                                        At December 31, 2003


                                 PART I

Item 1.  Description of Business.

Business Development.

Asian Financial, Inc. (the "Company") was organized under the laws of
the State of Nevada on August 10, 1998.  The Company was incorporated
to engage in any lawful activity.

The Company's articles initially authorized the company, to issue a
total of 100,000,000 shares of common stock, and 1,000,000 preferred,
all with par value of $0.001.

Common Stock

On August 20, 1998 473,250 shares of Common Stock were issued to
individuals for services rendered, at par for a total of $473.25.

On December 20, 1998, 1,026,750 shares of Common Stock were sold at
par of $.001 per share, for a total value of $1,026.75.  Total shares
issued and outstanding at year end December 31, 1998 were 1,500,000,
for a total value of $1,500.00.

As of December 31, 2003 and 2002, there were 1,500,000 share issued and
outstanding.

Preferred Stock

No Preferred Stock has been issued since inception (August 10, 1998)
through years ended December 31, 2003 and 2002.


Item 2. Description of property

The Company currently has no assets or property.  The Company's
Headquarters are furnished by Mr. Dempsey Mork, President/CEO.

Item 3. Legal Proceedings

None

Item 4. Submission of matters to a vote of security holders.

None
                                Part II

Item 5 Management's Discussion and Analysis or Plan of Operation

Plan of Operation

The Company has not engaged in any material operations or had any
revenues from operations during the past fiscal year.

During the next 12 months, the Company's only foreseeable cash
requirements will relate to maintaining the Company in good standing.

Item 6. Results of Operations
The Company has had no material operations since inception. (Losses)
for the five years (1998-2002) were ($50,500), and $-0- for 2003.

Liquidity.

The Company had no liquidity during the fiscal years ended December 31,
2003 and 2002.  Except as stated under the heading "Plan of Operation,"
above, the Company does not contemplate raising capital over the next
twelve months by issuance of debt or equity securities.  The Company
has no loan agreements with any officer or director.

Ordinarily any fees paid to management in connection with the
reorganization are first used to pay liabilities.  If there are no
funds available, it is expected that management would contribute these
amounts to capital to pay these liabilities in hopes of enhancing the
value of their stock ownership.

Item 7. Security Ownership of Certain Beneficial Owners and Management.

The following table sets forth the shareholdings of those persons
who own more than five percent of the Company's common stock and/or
management as of the date hereof, to wit:


                                                          Percent of
                                     Number of Shares    1,500,000 SHS.
Name and Address                    Beneficially Owned    Outstanding
-------------------------------     ------------------   -------------
LISTING 473,250 SHS ISSUED 8/20/98
Dempsey K.  Mork                          75,000*              5.00%*
829 Francis Drive
Palm Springs, CA 92262(1)
Norbert L. LeBoeuf                        28,750               1.90%
829 Francis Drive
Palm Springs, CA 92262 (1)             ---------             ------
  Sub Total Officers/Directors           103,750               6.90%
(1)Addresses are in c/o the Company
Other Shareholders/Former Associates:
 Randall A. Baker                         30,750               2.05%
   P.O. Box 1025
   Morongo Valle, CA 92256
 Robert Filiatreaux                       37,500               2.50%
   77545 Chillon
   La Quinta, CA 92253
Magellan Capital Corp.                   225,000              15.00%
  829 Francis Drive
  Palm Springs, CA 92262
Magellan Litigation Services              76,500               5.10
  829 Francis Drive
  Palm Springs, CA 92262               ---------             ------
  Total SHS Issued 8/20/98               473,250              31.55%
    For Services Rendered              ---------             ------

LISTING OF 1,026,750 SHS SOLD 12/20/98
Magellan Capital Corp.
 Dempsey K. Mork
 Pension Plan and Trust                  450,000*             30.00%*
 829 Francis Drive
 Palm Springs, CA 92262

Magellan Capital Corp.
 Dempsey K. Mork
 Profit Sharing Plan and Trust           450,000*             30.00%*
 829 Francis Drive
 Palm Springs, CA 92262

Shares sold to other individuals         126,750               8.45%
                                       ---------             ------
  Total SHS Sold 12/20/98              1,026,750              68.45%
                                       ---------             ------
 TOTAL SHS ISSUED FROM INCEPTION
   (8/10/98 THROUGH PRESENT PERIOD)    1,500,000             100.00%
                                       =========             ======

*Beneficial ownership/Dempsey K. Mork    975,000*             65.00%
                                         =======              =====

The following table sets forth the shareholdings of the Company's
directors and executive officers as of the date hereof, to wit:


                                Number of Shares          Percent
                               Beneficially Owned      1,500,000 SHS.
Name and Address                 as of 12/31/03        Outstanding
--------------------           ------------------      -------------
Dempsey K. Mork                     975,000*              65.00%
829 Francis Drive
Palm Springs, CA 92262

Norbert L. Le Boeuf                  28,750                1.90%
829 Francis Drive
Palm Springs, CA 92262
                                  ---------               -----
     Totals:                      1,003,750               66.90%
                                  =========               =====



See the caption "Directors, Executive Officers, Promoters and Control
Persons," below, Part III, Item 9, for information concerning the
offices or other capacities in which the foregoing persons serve with
the Company.

Change in Control.

There are no present arrangements or pledges of the Company's
securities which may result in a change in control of the Company.

Item 8.  Changes in and Disagreements  with Accountants on Accounting
and Financial Disclosure.

None.

Item 8A.  Controls and Procedures.

Evaluation of the Company's Disclosure Controls.  As of the end  of the
period covered by this Annual Report on Form 10-KSB, the Company's
principal executive officer and principal financial officer have
evaluated the effectiveness of the Company's "disclosure controls and
procedures" ("Disclosure Controls").  Disclosure Controls, as defined
in Rule 13a-15(e) of the Securities Exchange Act of 1934, as amended
(the "Exchange /act") are procedures that are designed with the
objective of ensuring that information required to be disclosed in our
reports filed under the Exchange Act, such as this Annual Report, is
recorded, processed, summarized and reported within the time periods
specified in the Securities and Exchange Commission's (SEC) rules and
forms.  Disclosure Controls are also designed with the objective of
ensuring that such information is accumulated and communicated to our
management, including the CEO and CFO, as appropriate to allow timely
decisions regarding required disclosure.

The Company's management, including the CEO and CF, does not expect
that our Disclosure Controls will prevent all error and all fraud.  A
control system, no matter how well conceived and operated, can provide
only reasonable, not absolute, assurance that the objective of the
control system are met.  Further, the design of a control system must
reflect the fact that there are resource constraints, and the benefits
of controls, must be considered relative to their costs.  Because of
the inherent limitations in all control systems, no evaluation of
controls can provide absolute assurance that all control issues and
instances of fraud, if any, within the Company, have been discovered.

                              PART III
Item 9.  Directors, Executive Officers, Promoters and Control Persons.

The following table sets forth the names of all current directors
and executive officers of the Company.  These are the only persons
whose activities are expected to be material to the Company. They will
serve until the next annual meeting of the stockholders (held in
November of each year), or until their successors are elected or
appointed and qualified, or their prior resignation or termination.

                                         Date of         Date of
                      Positions        Election or     Termination
Name                  Held             Designation   or Resignation
-------------------  -------------     -----------   --------------

Dempsey K. Mork      President,          8/10/1998
                     CEO, Director

Norbert L. LeBoeuf   Chief Financial    12/15/2001
                     Officer, Director


Business Experience.

Dempsey Mork is the majority shareholder, President, Chief Executive
Officer and Chairman of the Board of Asian Financial, Inc. since its
formation on August 10, 1998.  Mr. Mork is an officer and director in
the following corporations: Magellan Capital Corp.; Animal Cloning
Sciences, Inc.; Knickerbocker Capital Corporation; Apex Capital Group,
Inc.; Northstar Ventures, Inc.; Orion U.S.A. Inc.; Silver Bow Antique
Aviation; Southwest Holdings and Development, Inc.; Stonebridge
Investment, Inc.; and, Woodstock Tree Farms.  Mr. Mork assists
companies in complying with securities regulations, and raising
capital. Beginning in 1992 through 1996 Mr. Mork maintained offices in
Geneva, Switzerland and for part of that time Hong Kong.  During this
period, Mr. Mork arranged financing for small US public companies from
European and Asian financial institutions.  He will spend approximately
20 hours per month on Asian Financial business activities.

Mr. Norbert LeBoeuf is a shareholder, officer and director of Asian
Financial.  He has been responsible for all accounting and tax
functions for all Companies with which Mr. Mork has been affiliated.
Mr. LeBoeuf's professional career includes three years in the U.S.
Marine Corps Legal and Administrative functions (1952-55) and forty
Years in all areas of accounting and tax for small, medium and large
(Fortune 500 Companies) in Electronics, Manufacturing and Aerospace.
He will spend approximately 20 hours per month on Asian Financial
business activities.

Significant Employees.

The Company has no employees who are not executive officers.

Executive Compensation.

None;

(1)     On August 29, 1998, 473,250 shares of "unregistered" and
        "restricted" shares of the Company's common stock, were
        issued for services rendered, as follows:



                No. SHS   ISSUED TO
                -------   -------------------------

                225,000   Magellan Capital Corp.
                 76,500   Magellan Litigation Corp.
                 75,000   Dempsey K. Mork
                 30,750   Randall A. Baker
                 37,500   Robert J. Filiatreaux
                 28,750   Norbert L. Le Boeuf
                -------
                473,250     TOTAL SHARES ISSUED
                =======



There are no standard arrangements pursuant to which the Company's
directors are compensated for any services provided as director.  No
additional amounts are payable to the Company's directors for committee
participation or special assignments.


Employment Contracts and Termination of Employment and Change-in-
Control Arrangements.


There are no employment contracts, compensatory plans or arrangements,
including payments to be received from the Company, with respect to any
director or executive officer of the Company which would in any way
result in payments to any such person because of his or her resignation
retirement or other termination of employment with the Company or its
subsidiaries, any change in control of the Company, or a change in the
person's responsibilities following a change in control of the Company.


Item 11.  Changes in and disagreements with Auditors on Accounting and
          Financial Disclosure.

None.

Fair Value of Assets.

The Company currently has no assets and is, therefore, at this time,
not subject to FAS No. 121 concerning the impairment of Long Lived
Assets which requires an assessment and measurements of these assets.


                           ASIAN FINANCIAL, INC.
                                 PART F/S
                       Index to Financial Statements
                   Report of Certified Public Accountant


Financial Statements
--------------------
  (1) Audited Financial Statements  for 12 months year ended
      December 31, 2003:

      INDEPENDENT AUDITOR'S REPORT

      FINANCIAL STATEMENTS

        Balance Sheets at 12/31/03 and 12/31/2003

        Statements of Operations for Years 2003 and 2002

        Statements of Cash Flows for Years 2003 and 2002

        Statements of Stockholders' Equity from inception
         (August 10, 1998 through 12/31/2003)









David M. Winings, CPA
Palm Desert, CA  92211



To the Board of Directors
Asian Financial, Inc.
Palm Springs, California


I have audited the accompanying balance sheet of Asian Financial, Inc.
(a Nevada Corporation) as of December 31, 2003 and the related
statements of income and retained earnings, and cash flows for the
twelve months ended December 31, 2003.


These financial statements are the responsibility of the Company's
management.  My responsibility is to express an opinion on these
financial statements based on my audit.


I conducted my audit in accordance with generally accepted auditing
standards.  Those standards require that I plan and perform the audit
to obtain reasonable assurance about whether the financial statements
are free of material misstatement.  An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the
financial statements.  An audit also includes assessing the accounting
principles used and significant estimates made by management, as well
as evaluating the overall financial statement presentation.  I believe
that my audit provides a reasonable basis for my opinion.


In my opinion, the financial statements referred to above present
fairly, in all material respects, the financial position of Asian
Financial, Inc as of December 31, 2003, and the results of its
operations and its cash flows for the year ended then ended in
conformity with generally accepted accounting principles.








/s/ David M. Winings
Palm Desert, California
March 26, 2004


                            ASIAN FINANCIAL, INC.
                               BALANCE SHEET
                             December 31, 2003

                                        AUDITED         AUDITED
2003            2002
                                        -------         -------
                      ASSETS
                      ======

CURRENT ASSETS
  CASH IN BANK                         $    -0-        $    -0-

PROPERTY AND EQUIPMENT                      -0-             -0-

OTHER ASSETS                                -0-             -0-
                                         ------          ------
  TOTAL ASSETS                         $    -0-        $    -0-
                                         ======          ======


LIABILITIES AND SHAREHOLDERS' EQUITY
====================================
 LIABILITIES
  CURRENT LIABILITIES (NOTE 4)         $ 50,000        $ 50,000

  LONG TERM LIABILITIES                     -0-             -0-
                                         ------          ------
  TOTAL LIABILITIES                      50,000          50,000
                                         ------          ------
SHARE HOLDERS' EQUITY (NOTE  2)
=====================
  PREFERRED STOCK, PAR VALUE $.001;
   1,000,000 AUTHORIZED; -0- SHARES
   ISSUED AND OUTSTANDING AT
   12/31/2003 AND 12/31/2002                -0-             -0-

  COMMON STOCK, PAR VALUE $.001;
   100,000,000 AUTHORIZED; 1,500,000
   SHARES ISSUED AND OUTSTANDING
   AT 12/31/2003 AND 12/31/2002           1,500           1,500

  RETAINED EARNINGS (DEFICIT)           (51,500)        (51,500)
                                         ------          ------
  TOTAL SHAREHOLDERS' EQUITY(DEFICIT)   (50,000)        (50,000)
                                         ------          ------
  TOTAL LIABILITIES AND
     SHAREHOLDERS' EQUITY              $    -0-        $    -0-
                                         ======          ======



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


                      ASIAN FINANCIAL, INC.
            STATEMENT OF INCOME AND RETAINED EARNINGS
         For the Years Ended December 31, 2003 and 2002



                                      AUDITED      AUDITED
                                        2003         2002
                                      -------      -------


  REVENUES                          $    -0-     $    -0-

  EXPENSES
   Administrative Support Services       -0-       10,000

     Office Expense                      -0-          897
                                      ------        -----
     Total Expenses                      -0-       10,897

  INCOME (LOSS) BEFORE TAXES         (   -0-)    $(10,897)

  INCOME TAXES                           -0-          -0-
                                      ------       ------
  NET INCOME (LOSS)                 $(   -0-)     (10,897)

  BEGINNING RETAINED EARNINGS/
     (DEFICIT)                       (51,500)     (40,603)

  DIVIDENDS                             -0-           -0-
                                      ------       ------
  ENDING RETAINED EARNINGS/
     (DEFICIT)                      $(51,500)    $(51,500)
                                      ======       ======

PER SHARE INFORMATION

BASIC INCOME(LOSS) PER COMMON SHARE  $(0.000)     $(0.007)
                                       -----        -----
 BASIC WEIGHTED AVERAGE NUMBER OF
  COMMON STOCK SHARES OUTSTANDING   1,500,000    1,500,000
                                    =========    =========

DILUTED INCOME(LOSS) PER COMMON SH   $(0.000)     $(0.007)
                                       -----        -----
 DILUTED WEIGHTED AVERAGE NUMBER OF
  COMMON STOCK SHARES OUTSTANDING   1,500,000    1,500,000
                                    =========    =========



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




                ASIAN FINANCIAL, INC.
              STATEMENT OF CASH FLOWS
     For the Years Ended December 31, 2003 and 2002




                                        AUDITED     AUDITED
                                          2001        2001
                                        -------     -------


CASH FLOWS FROM OPERATING ACTIVITIES

NET INCOME (LOSS)                      $    -0-    $(10,897)
ADJUSTMENTS TO RECONCILE NET INCOME
  TO NET CASH PROVIDED BY OPERATING
  ACTIVITIES/INCREASE IN LIABILITIES        -0-      10,000
                                         ------      ------
NET CASH PROVIDED (USED) BY
  OPERATING ACTIVITIES                      -0-     (   897)

CASH FLOWS FROM INVESTING ACTIVITIES        -0-         -0-

CASH FLOWS FROM FINANCING ACTIVITIES
  ISSUE CAPITAL STOCK                       -0-         -0-
                                         ------      ------

NET INCREASE (DECREASE) IN CASH             -0-     (   897)

CASH AT BEGINNING OF YEAR                   -0-         897
                                         ------      ------

CASH AT END OF YEAR                    $    -0-    $    -0-
                                         ======      ======

SUPPLEMENTAL DISCLOSURES

INTEREST PAID                          $    -0-    $    -0-
                                         ======      ======

INCOME TAXES PAID                      $    -0-    $    -0-
                                         ======      ======







The accompanying notes are an integral part of these financial
statements



                         ASIAN FINANCIAL, INC.
                    NOTES TO FINANCIAL STATEMENTS
              FOR THE 12 MONTHS ENDED DECEMBER 31, 2003


GENERAL:

The condensed consolidated financial statements of Asian Financial,
Inc. included herein, have been prepared pursuant to the rules and
regulations of the Securities and Exchange Commission.  Although
certain information normally included in financial statements prepared
in accordance with generally accepted accounting principles has been
condensed or omitted, Asian Financial believes that the disclosures are
adequate to make the information presented not misleading.  The
condensed financial statements for the twelve month period ended
December 31, 2003 should be read in conjunction with the financial
statements and notes thereto included in this report, the Quarterly
Reports on Form 10Q-SB for the year 2003 (March 31, June 30, and
September 30, 2003) and the prior year Asian Financial Annual Report on
Form 10K-SB for the fiscal year ended December 31, 2002.

The condensed consolidated financial statements included herein reflect
all normal recurring adjustments that, in the opinion of management,
are necessary for fair presentation.

The Company has not commenced operations and has no working capital.


NOTE 1-ORGANIZATION AND BUSINESS PLAN:

Asian Financial, Inc. was organized under the laws of the State of
Nevada on August 10, 1998, under the name "Asian Financial, Inc.".
The Company was incorporated to engage in any lawful activity.

NOTE 2-STOCK TRANSACTIONS:

The Articles of Incorporation authorized the Company to issue
100,000,000 of shares of Common Stock with a par value of $.001 per
share and 1,000,000 shares of Preferred Stock, with a par value $.001.

Common Stock

On August 20, 1998, the Company issued 473,250 shares of Common Stock,
to individuals (including officers/directors) for consulting services
provided to the company for a total value of $473.25.

On December 20, 1998, the Company issued 1,026,750 shares of stock at
the stated par value of $.001 per share in a cash transaction totaling
$1,026.75.  At the end of December 31, 1998 Common Stock shares issued
and outstanding were 1,500,000, with a total capitalized value of
$1,500.00.

Total shares of Common Stock issued and outstanding were 1,500,000 at
the stated par value of $0.001 per share at December 31, 2003 and 2002.


Preferred Stock

No Preferred Stock shares have been issued and none are outstanding
from inception (August 10, 1998) through year ending December 31, 2003.

NOTE 3-ASSETS AND WORKING CAPITAL:

As of the current year ended December 31, 2003, the Company has no
working capital.  The Company has not started operations.  The
President/CEO furnishes office space for the Company Headquarters.

NOTE 4-CONVERTIBLE NOTES PAYABLE $50,000 (12/31/2003).

The $50,000 balance at December 31, 2002 represents the final accrual
of the $10,000 per year for Management Services rendered on Convertible
Promissory Notes for the period (1998-2002). The notes are convertible
at a rate of $.05/cents per share at the option of the holder.

NOTE 5-GOING CONCERN AND INCIDENTAL COSTS:

Incidental costs to maintain legal registration of the Company in the
State of Nevada and the Security and Exchange Commission have been paid
or assumed by the current officers/directors of the Asian Financial.
This will continue for the foreseeable future.

(b)	 List of Exhibits

3.i  Articles of Incorporation
 incorporated by reference

    3.ii By-Laws of Asian Financial, Inc.
 incorporated by reference

    4.i  Form of Specimen of common stock
          incorporated by reference

5.	  Exhibit 99   Certifications pursuant to 18 U.S.C. Section 1350

(B)      REPORTS ON FORM 8-K


None.


ITEM 14.  Principal Accountant Fees and Services.

Audit Fees. The Company incurred aggregate fees and expenses of $500.00
And $ -0-, respectively, from David Winings, C.P.A., for the  fiscal
years 2003 and 2002 annual audit and for review of the Company's
consolidated financial statements included in it Forms 10-QSB for the
2003 and 2002 fiscal year.

Tax Fees.  The Company did not incur any tax fees to David Winings,
C.P.A., for the fiscal years 2003 and 2002 for professional services
rendered for tax compliance, tax advice, and tax planning.


All Other Fees.  During the 2003 fiscal year, the Company incurred
aggregate fees and expenses of $.00 from David Winings, C.P.A., for all
other services consisting of other fees and expenses of $0.00 and
$0.00. Audit-related fees and expenses were for the audit of the
Company accounting consultation and consents.  Other fees and expenses
were primarily for tax compliance and tax consultation.

The Audit Committee considered whether, and determined that, the
auditor's provision of non-audit services was compatible with
maintaining the auditor's independence.  All of the services described
above for fiscal year 2003 and 2002 were approved by the Audit
Committee pursuant to its policies and procedures.  The Company intends
to continue using David Winings, C.P.A., for audit and  audit-related
services, tax consultation and tax compliance services, and, as needed,
for due diligence in acquisitions.



                       SIGNATURES


Pursuant to the requirements of Section 13 of 15(d) of the Securities
Exchange Act of 1934, as amended, the Company has duly caused this
Report to be signed on its behalf by the undersigned duly authorized
person.

Date:    April 01, 2004

Asian Financial, Inc.

/s/ Dempsey K. Mork
--------------------------------------------
By:  Dempsey K. Mork, President/CEO-Director


Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.



Signature                    Capacity                    Date


/s/Dempsey K. Mork         President/CEO              5/1/2004
---------------------        Director
Dempsey K. Mork



/s/Norbert LeBoeuf         Chief Financial Officer/   5/1/2004
---------------------        Director




                          CERTIFICATION

I, Dempsey k. Mork, certify that:

   1.   I have reviewed this annual report on Form 10-KSB of Asian
        Financial, Inc.

2.	Based on my knowledge, the annual report does not contain any
untrue statement of a material fact or omit to state a material
fact necessary to make the statements made, in light of the
circumstances under which such statement were made, not
misleading with respect to the period covered by this annual
report;

3.	Based on my knowledge, the financial statements, and other
financial information included in this annual report, fairly
present, in all material respects, the financial condition,
results of operations and cash flows of the registrant as of,
and for, the periods presented in this annual report;

4.	The registrant's certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures
(as defined in Exchange Act Rules 12a-14 and 15d-14) for the
registrant and we have:

(a)	designed such disclosure controls and procedures to ensure that
material information relating to the registrant, including its
consolidated subsidiaries, is made  known to us by others
within those entities, particularly during the period in which
this annual report is being prepared;

(b)	evaluated the effectiveness of the registrant's disclosure
controls and procedures as of a date within 90 days prior to
the filing date of this annual report (the "Evaluation Date");
and,

(c)	presented in this annual report our conclusions about the
effectiveness of the disclosure controls and procedures based
on our evaluation as of the Evaluation Date;

5.	The registrant's other certifying officers and I have disclosed,
based on our most recent evaluation, to the registrant's
auditors and the audit committee of the registrant's board of
directors (or persons performing the equivalent function):

(a)	all  significant deficiencies in the design or operation of
internal controls which could adversely affect the registrant's
ability to record, process, summarize and report financial data
and have identified for the registrant's auditors any material
weaknesses in internal controls; and,

(b)	any fraud, whether or not material, that involves management or
other employees who have a significant role in the registrant's
internal controls; and,


6.	The registrant's other certifying officers and I have indicated
in this annual report whether or not there were significant
Changes in internal controls or in other factors that could
significantly affect internal controls subsequent to the date
of our most recent evaluation, including any corrective actions
with respect to significant deficiencies and material
weaknesses.

   Date:  April 01, 2004

   /s/ Dempsey K. Mork
   ------------------------
   Dempsey K. Mork, President, Chief Executive Officer

                          CERTIFICATION

I, Norbert LeBoeuf, certify that:

1.	I have reviewed this annual report on form 10-KSB of Asian
Financial, Inc.

2.	Based  on my knowledge, the financial statements does not
     contain any untrue statement of a material fact or omit to
     state a material fact necessary to make the statements, made,
     in light of the circumstances under which such statements were
     made, not misleading with respect to the period covered by this
     annual report;

3.	Based on my knowledge, the financial statements and other
financial information included in this annual report, fairly
present, in all material respects, the financial condition,
results of operations and cash flows of the registrant as of,
and for, the periods presented in this annual report;

4.	The registrants other certifying officers and I are responsible
For establishing and maintaining disclosure controls and
procedures (as defined in Exchange Act Rules l13a-14 and 15d-
14) for the registrant and we have:

   (a)  designed such disclosure controls and procedures to ensure that
        material information relating to the registrant, including its
        consolidated subsidiaries, is made known to us by others within
        entities, particularly during the period in which this annual
        report is being prepared;


(b)	Evaluated the effectiveness of the registrant's disclosure
     controls and procedures as of a date within 90 days prior to
     the filing date of this annual report (the "Evaluation Date");
     and,

(c)	Present in this annual report our conclusions about the
     Effectiveness of the disclosure controls and procedures based
     on our evaluation as of the Evaluation Date;


5.	The registrant's other certifying officers and I have
     disclosed, based on our most recent evaluation, to the
     registrant's auditors and the audit committee of the
     registrant's board of directors (or other persons performing
     the equivalent function;

(a)	All significant deficiencies in the design of operation of
     internal controls which could adversely affect the registrant's
     ability to record, process, summarize and report financial data
     and have identified for the registrant's auditors any material
     weaknesses in internal controls; and,

(b)	any fraud, whether or not material, that involves management or
other employees who have a significant role in the registrant's
internal control

6.	The registrant's other certifying officers and I have indicated
In this annual report whether or not there were significant
changes in internal controls or in other factors that could
significantly affect internal controls subsequent to the date
of our most recent evaluation, including any corrective actions
with regard to significant deficiencies and material
weaknesses.

   Date: April 01, 2004

/s/Norbert LeBoeuf
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Norbert LeBoeuf, Chief Financial Officer