MIRA
INFORM REPORT
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Report Date : |
22nd
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
MAURITIUS BROADCASTING CORPORATION |
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Registered Office : |
1,
LOUIS PASTEUR STREET, FOREST SIDE |
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Country : |
Mauritius |
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Date of Incorporation : |
08.06.1964 |
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Legal Form : |
Limited
Company |
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Line of Business : |
The Mauritius Broadcasting Corporation is the national public
broadcasting service (Radio and TV) of Mauritius and its outer islands
including Rodrigues. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
Company name
MAURITIUS
BROADCASTING CORPORATION
Address
1, LOUIS
PASTEUR STREET, FOREST SIDE
Tel. : (230) 602 1200
Fax : (230) 675-7332
Email : mbc@intnet.mu
Incorporated
A body
corporate on 8th June 1964 under the Mauritius Broadcasting
Corporation Ordinance No 7 (1964).
Status
Consolidated
by Acts of Parliament No 65 OF 1970, Act No 22 of 1982 and Act no 65 of 1985.
Board of Directors
Mr.
Bijaye Madhou (Director General)
Mr.
Fareed Jangeerkhan (Chairman)
Activities
The Mauritius Broadcasting Corporation is the national public
broadcasting service (Radio and TV) of Mauritius and its outer islands
including Rodrigues.
Size
MBC’s offices and production facilities
(studios etc) are based at Louis Pasteur Street, Forest Side.
Imports
Currently the Corporation sources its
programmes from India, France, UK and Germany.
employment
500 – 600
Related Concern
Multi Carrier (Mtius) Ltd - Provider of
broadcasting services in Mauritius and its outer islands.
Corporate Profile
The MBC was established as a body corporate under the MBC Act.
Structure
The MBC is administered and controlled by a Board of seven
members. The execution of its policy and its day-to-day control and management
rest with the Director General who is the Chief Executive Officer of the
Corporation.
Programmes
Radio and TV programmes cover a wide range of subjects and are
broadcast in different languages including French, English, Hindustani, Creole,
Chinese. Programmes are mostly purchased from foreign suppliers and a fair
proportion is produced by the Corporation.
Major Development
The development of television was speeded up as from 1990 with the
launching of a 2nd Channel. A third Channel became operational in 1996.
Moreover maximum TV coverage of the island has been ensured by the installation
of additional repeater stations at strategic locations.
Finances
No details under this item has been made available. However, the
Government annual budget do provide for the good running and administration of
the Corporation. The MBC also derives its income from licence fees and
advertising.
Comments
The TV
landscape is fast changing due to the development in the field of electronics
and broadcast via satellite. Private companies are investing in the broadcast
business.
New Projects
To be able to operate in new competitive environment, the MBC need
to be better equipped and different projects are under way and some are being
financed by the Government of China. In this connection, major changes are
presently occurring and the MBC will soon be moving to new premises in Moka.
Bankers
The State Bank of Mauritius Ltd
The Mauritius Commercial Bank Ltd
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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