Breached Contracts

Contract Number: 1078999001 issued on March 11, 2004, 4:56 am and became overdue for payment on March 29,2004

Company Name: PT. Hen Mau Indoraya
Address: Pura Bagus Taruna Legian Kaja Pondok Dur

City: Bali, Indonesia
Contact: Mr. Hakim Ratu - President Director
Telephone: 6597507043 Singapore Agent
Fax: 6562652509 Singapore Agent
Email: (Sing. Agent)

Shipping to PT. Hen Mau Indoraya located in Bali, Indonesia

Client ordered 90000 MTW of our material code 200-206 for 12 months at a price of $ 148.00 USD to be unloaded in Indonesia - Surabaya
Client currently owes $ 159,840,000 USD from March 29,2004 which is a full breech of contract on the initial amount of $ 13,320,000 due on March 29,2004
Client has not made any attempt to settle this debt nor to make any payment thereon and is assumed to be financially insolvent.
Client has made the following comments related to this posting: