Breached Contracts

Contract Number: 1113030160 issued on April 9, 2005, 3:02 am and became overdue for payment on April 16,2005

Company Name: B&M Babylon Magic GmbH
Address: Muenster Strasse 76

City: Dortmund 44145 Germany
Contact: Mr Al Raheme Bassam
Telephone: 0049 231 9612201
Fax: 0049 231 5678699

Shipping to Punjab Engineering Works located in Jaj Pur Rajasthan India

Client ordered 35000 MTW of our material code 50-65 for 12 months at a price of $ 163.00 USD to be unloaded in India - Bombay
Client currently owes $ 68,460,000 USD from April 16,2005 which is a full breech of contract on the initial amount of $ 5,705,000 due on April 16,2005
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: