MM305: Material does not exist

Hello Experts,
Although this BW related but i thought this might be the appropriate forum:
I am trying to load data in BW for Purchasing. However, the data loads are failing with the following error message:
You wanted to display or process data on the material 100046399 .
However, the material does not yet exist; that is, it has not yet been
created, or its creation has been scheduled, but the material has not
yet been activated.
I investigated further a found out a Stock transport order in the R/3 system which had a line item for the material 100046399 but the material doesn't actually exists in the MARA (Material master table).
Furthermore, this stock transport order was put on hold but even a hold creates an entry in the Purchasing tables which is why the data gets extracted to BW
So, the question is how can a PO be created with a non-existent material?
Has anyone seen a similar situation? what could be a possible fix for this?
Thanks and Regards,
Rishi

I curerntly have a similar case with a PO  having a material that did not exist.
in my system this was caused by incorrect migration process from R2 to R3  11 years back.
The POs were transferred 1:1, but material were only transferred if it did not have a deletion indicator.
(this migration was done by SAP, I dont know what programs they used for this)
I have the situation that I cannot archive the PO because of open GR/IR postings. but I cannot clear GR/IR account with MR11 because I get message that material does not exist.

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