Breached Contracts

Contract Number: 1093280779 issued on August 23, 2004, 1:06 pm and became overdue for payment on August 28,2004

Company Name: SAMA Industrial Group FZCO
Address: P.O.Box 16767
Jebel Ali
City: United Arab Emirates
Contact: Mrs. L. Masouman
Telephone: +971 4 3329553
Fax: +971 4 3329552

Shipping to M.J. Marketing & Systems located in Islamabad, Pakistan

Client ordered 50000 MTW of our material code 200-206 for 12 months at a price of $ 153.00 USD to be unloaded in Pakistan - Karachi
Client currently owes $ 91,800,000 USD from August 28,2004 which is a full breech of contract on the initial amount of $ 7,650,000 due on August 28,2004
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: