OTC Bulletin Board S & P Company Insight for BEKEM METALS INC
Profile
	Business Summary: Bekem Metals, Inc. explores for nickel, cobalt and brown coal in the Republic of Kazakhstan. Through subsidiaries, it holds the rights to the Kempirsai nickel, cobalt and brown coal deposits in northwestern Kazakhstan, and the Gornostai nickel and cobalt deposit in northeastern Kazakhstan.   Address   170 Tchaikovsky Street 4th Street   Almaty 050000   Phone: 7.3272.582.386   Website: http://www.bekemmetals.com Auditor   HANSEN, BARNETT & MAXWELL, P.C.   Salt Lake City , UT Transfer Agent   Interwest Transfer Co. Inc. Employees:  259 Founded:  2001 Domicile:  Utah
Background
	Bekem Metals, Inc. explores for nickel, cobalt and brown coal in the Republic of Kazakhstan. Through subsidiaries, Bekem holds the rights to the Kempirsai nickel, cobalt and brown coal deposits, which are located in northwestern Kazakhstan and the Gornostai nickel and cobalt deposit located in northeastern Kazakhstan. The primary asset of Kaznickel is an exploration and production concession issued by the government of the Republic of Kazakhstan which grants Kaznickel the exclusive right, through February 2008, to explore for nickel, cobalt and other minerals in a 12,232 acre area in northeastern Kazakhstan known as the Gornostayevskoye (Gornostai) deposit. The concession further provides that if Bekem makes a commercial discovery of nickel, cobalt or other minerals within the concession territory, it can apply for and receive the exclusive rights to commercially produce and sell nickel and cobalt ore through February 2026. Founded in 2001, Bekem Metals maintains its headquarters in Almaty, Kazakhstan. History:  INCORPORATED in Utah Jan. 31, 2001, as EMPS Research Corp.; name changed to Bekem Metals, Inc. Mar. 16, 2005, following the acquisition of Condesa Pacific, S.A. and its wholly owned subsidiary Kaznickel, LLP on Jan. 28, 2005. The company acquired 100% of the outstanding capital stock of Condesa for 35,000,000 Common shares. Condesa was incorporated in the British Virgin Islands on Mar. 5, 2004. October 24, 2005, acquired Kazakh Metals, Inc. for 61,200,000 Common shares.   Subsidiaries: Condesa Pacific, S.A. Kazakh Metals, Inc. Kaznickel, LLP Kyzyl Kain Mamyt LLP     Capital Expenditures, thousand. US Dollars   Year   Amount   2007   1,056   2006   2,578   2005   16   Research and Development Expenditures, thousand. US Dollars   Year   Amount   2007   296   2006   390   2005   132
Management
	Management Officers Position  Marat  Cherdabayev President & Chief Executive Officer  Yermek  Kudabayev Chief Financial Officer & Investor Relations Contact  Nurlan  Tajibaev VP Directors  Timothy  Adair  James  Kohler  Valery  Tolkachev  Nurlan  Tajibaev  Marat  Cherdabayev
Annual Report
	Annual Report   Income Statement   2008 2007 Operating Expenses General and administrative expenses 4,646,913 4,219,131 Research and development costs 240,832 296,070 Exploratory costs 1,042,246 3,192,177 Loss from impairment of property 9,481,436 1,043,720 Accretion expense on asset retirement obligations 89,460 79,288 Grant compensation expense 585,745 428,935 Loss From Operations (16,086,632) (9,259,321) Other Income (Expense) Interest income 221,084 324,976 Other income 487,533 97,391 Interest expense - (1,018) Translation adjustment 38,604 (255,752) Exchange loss (9,564) (64,280) Net Loss Before Minority Interest and Taxes (15,348,975) (9,158,004) Deferred tax benefit - 456,454 Net Loss (15,348,975) (8,701,550) Basic and diluted loss per common share (0.12) (0.07)   Balance Sheet   2008 2007 ASSETS Current Assets Cash 115,644 756,943 Trade accounts receivable 58,238 4,048 VAT recoverable 301,447 269,087 Inventories 737,810 287,240 Note receivable from related party 15,066,328 - Prepaid expenses and other current assets 116,203 118,847 Deferred compensation 351,779 483,766 Total Current Assets 16,747,449 1,919,931 Property, plant and mineral interests 4,421,171 14,226,359 Non-current deferred compensation 109,011 225,351 Other assets 61,156 78,996 Total Assets 21,338,787 16,450,637 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Notes payable to related parties 19,668,792 - Accounts payable 370,535 423,776 Accrued expenses 320,142 237,142 Advances received 59,562 257,689 Due to related party 6,051 791 Total Current Liabilities 20,425,082 919,398 Deferred tax liabilities - Asset retirement obligation 1,455,423 1,039,048 Common stock; $0.001 par value 125,172 124,750 Additional paid-in capital 28,540,235 28,203,239 Accumulated deficit (30,272,874) (14,923,899) Accumulated other comprehensive gain (loss) 1,065,749 1,088,101 Total Shareholders Equity (541,718) 14,492,191 Total Liabilities and Shareholders' Equity 21,338,787 16,450,637
Interim Report
	Interim Report      Data Not Available
Pro Forma Report
	Pro Forma Report      Data Not Available
Quarterly Report
	Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2007   1 Nil   2007   2 40,000   2007   3 Nil   2007   Full Year Nil   2006   3 Nil   2006   Full Year 110,000   2005   Full Year 150,000     Quarterly Net Income, US$ Year Quarter Revenue   2007   1 (1,160,000)   2007   2 (1,310,000)   2007   3 (1,300,000)   2006   3 (2,080,000)   2006   Full Year (4,587,900)   2005   Full Year (2,091,000)     Quarterly EPS, US$ Year Quarter Revenue   2007   1 (.01)   2007   2 (.01)   2007   3 (.01)   2007   Full Year (.07)   2006   3 (.03)   2006   Full Year (.04)   2005   Full Year (.02)
Stock Data
	Capitalization as of 03/31/2009:     Authorized Shares Outstanding Shares Preferred $0.001 par 20,000,000 None Common $0.001 par 150,000,000 125,172,011   LONG TERM DEBT: None.   Common $0.001 par   Transfer Agent:  Interwest Transfer Co. Inc.   Salt Lake City , UT   OTC Bulletin Board( Primary): BKMM   Exchange Year High Low OTC Bulletin Board 2009 0.3500 0.0100 OTC Bulletin Board 2008 1.9000 0.0100 OTC Bulletin Board 2007 2.0000 0.5100 OTC Bulletin Board 2006 2.0000 1.7500 OTC Bulletin Board 2005 5.5000 2.1000 OTC Bulletin Board 2004 3.5000 0.5000   DIVIDENDS: Common $0.001 par: None.