Dear partners, 

We hereby send this email to warn you that FERRETERIA MONTERROSO S.A. had serious and malicious payment default with us, which details are listed clearly as below, therefore, if your esteemed company has open account or other trade financing arrangement to them, please pay high attention and caution here:

Company:

FERRETERIA MONTERROSO S.A.

** their affiliated company registered in Panama: VILLARAL INTERNATIONAL TRADING CO., LTD

ADDRESS:    Bo. CONCEPCION, 4 AVE.2-3 CALLE S.E., SAN PEDRO SULA, HONDURAS.

            TEL: +504 25571524 / 25271500 / 25271524

            FAX: +504 25581156

http://www.ferreteriamonterroso.com/

http://www.facebook.com/monterrosoferreteria

Instgram: https://instagram.com/ferreteriamonterroso?igshid=YmMyMTA2M2Y=

Contact: 

Owner: Mr. Rolando Monterroso Andonie

Cel / Wechat / Whatsapp. +504 9991 1637

rolamont@ferreteriamonterroso.com

Partner/Financial manager: Jesenia Aurora Hernandez Guzman'

M：+504 9911-8734

jesenia.hernandez@ferreteriamonterroso.com

Order/cargo shipped/pending balance payment details:

DMFMLS211019-2：154.653 ton of SMLS pipe/ERW pipe/SHS/RHS    USD144866.09

DMFMCR220304： 106.235ton of mild steel channel bar,                      USD156831.91

Total:                                                                                                          USD301698.00 

malicious debt process by timeline: 

2022.12.9: we had consigned the case to the 3rd debt collecting agency, till now, no positive progress, because this customer NOT willing to pay at all.  

2022.12.1: we had offered discount of 15% in exchange for payment by 2023.12.8, no response ever;

2022.11.10: they promised they were collecting money but no more action; 

2022.10.4: they said balance payment was going to sent out and just empty word.

2022.9.28: they asked for price cut based on bulk freight drop, we finally accept discount of USD30/mt. 

2022.9.21: BL was released, in end Oct, the vessel arrived and discharged in SAN LORENZO PORT, this CNEE had taken away the whole order by LOI (  such LOI issued by local bank based some deposit from CNEE) but cheated us by claiming that cargo stored in port warehouse, till this moment, original BL was still not returned to discharge agent of the vessel. 

2022.8.19: they asked for further partial shipment of pending cargo; 

2021.12.29: they asked for delay of shipment, because of lack of storage and enough money; 

Upon your request, we will provide more details to verify the above facts and we guarantee the above are 100% genuine and true. 

Besides, it's proven that this customer still have 4~5 bad debt with Chinese suppliers in SINOSURE system since early 2022, total amount about one million USD.