Breached Contracts

Contract Number: 1122468189 issued on July 27, 2005, 8:43 am and became overdue for payment on August 08,2005

Company Name: Top Steel Co., Ltd.
Address: 1276-11, Myungzi-dong, Guangseo-gu

City: Busan, Korea
Contact: Hong Mok Che
Telephone: 82 51 202 2000
Fax: 82 51 203 2000

Shipping to Top Steel Co Ltd located in Busan Korea

Client ordered 30000 MTW of our material code 200-206 for 12 months at a price of $ 154.00 USD to be unloaded in Korea, South - Pusan (Busan)
Client currently owes $ 55,440,000 USD from August 08,2005 which is a full breech of contract on the initial amount of $ 4,620,000 due on August 08,2005
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: