MIRA
INFORM REPORT
|
Report Date : |
16.07.2008 |
IDENTIFICATION
DETAILS
|
Name : |
TVBI CO LTD |
|
|
|
|
Registered Office : |
9FL Tseung Kwan O Industrial Estate – Main Block Tvb City 77 Chun Choi
St Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
11.07.1980 |
|
|
|
|
Com. Reg. No.: |
0084193 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Providing Television Programmes and Other Related Services |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 200,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
name & address
TVBI
CO LTD
9FL TSEUNG KWAN O INDUSTRIAL ESTATE –
MAIN BLOCK TVB CITY 77 CHUN CHOI ST KOWLOON,
HONG KONG
TEL: 852-23353333 FAX:
852-23583227
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 11, 1980
REGISTRATION NO. :
0084193
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. GEORGE CHING-CHEONG CHAN (DIRECTOR)
STAFF STRENGTH :
250
CAPITAL :
US$ 256,082
BUSINESS LINE :
SERVICE
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 200,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : WELL
KNOWN
EXCHANGE RATE :
HKD 7.79691 = US$1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD –Hong Kong Dollars
*OTHER LICENSE*
================
License Number : 09918600-000
Issuing Authority : Business Registration Office - Inland Revenue Dept
*Company History*
===============
30 September 2004 - Supplied
television programmes to MEASAT BROADCAST NETWORK SYSTEMS
SDN BHD (MBNS) for broadcast
in Malaysia and Brunei on a channel
owned and
operated by MBNS, from 1 October, 2004 to 30 September, 2009 on an
exclusive basis.
14 February, 2005 -
Entered into an agreement for the clarification of the subscribers, guarantee
would be
calculated and for the increase of revenue sharing receivable by TVBI
for revenue
generated from hotel and commercial establishments respectively.
4 April, 2007 -
Entered into a binding deal memorandum to supply MEASAT BROADCAST
NETWORK SYSTEMS SDN BHD (MBNS) a maximum of 600 hours of television
programmes per year produced or co-produced by TELEVISION BROADCASTS
LTD.
*Company Name*
=============
Incorporated as :
INDEPENDENT PRODUCTIONS LTD
Date of incorporation : 11 July, 1980
Changed name to : TVB
PRODUCTIONS LTD
Date of change : 7
December, 1990
Changed name to : TVBI CO
LTD
Date of change : 28
February, 1996
*Capital Details*
=============
Authorized capital : HKD 2,000,000.00 divided into 200,000 ordinary
shares at HKD 10.00/-each, fully paid
*Office & Facilities*
===============
Facilities : State-of-the-art master control centre
32 video
editing and dubbing suites
13
production and new studios, including the largest lives audience commercial
television studio in Asia
Comments : Premises is shared with TELEVISION
BROADCASTS LTD
*Approved Signatures*
===================
Only Mr. Adrian Yau-kee Mak can sign on behalf of the company with seal
affixed.
www.tvb.com
this website belongs to SC’s shareholder “TELEVISION BROADCASTS LTD”. The
design is professional and the content is well organized. At present it is in both
Chinese and English versions.
E-mail: info@tvbihk.com
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders: 2
Total number of shares: 200,000
Shareholders Country Number Amount (HKD) %
TELEVISION BROADCASTS LTD Hong Kong 199,999.00 1,999,990.00 100.00
TVB INT'L LTD Hong Kong 1.00
10.00 0.00
*COMPANY SECRETARY*
=====================
1
Name :
Mr. Adrian Yau-kee Mak
Nationality :
Hong Kong
ID/Passport No. :
E929634(8)
Registered Address
: Flat 37D Tower 2 Ocean Pointe 8 Sham Tsz St, Sham Tseng, New Territories
Country of Residence
: Hong Kong
*COMPANY DIRECTORS*
=====================
1
Name : Mr. George Ching-cheong Chan
Nationality : Hong Kong
ID/Passport No. : E499801(8)
Registered Address : C2, 12Fl, 254 Gloucester Rd, Hong Kong
Country of Residence : Hong Kong
2
Name : Mr. Mong-lan Lee
Nationality : Hong Kong
ID/Passport No. : A620776(9)
Registered Address : Lot 230 D229 Ah Kung Wan Clear Water Bay Rd
Country of Residence : Hong Kong
3
Name : Mr. Nai-pang Leung
Nationality : Hong Kong
ID/Passport No. : C071493(1)
Registered Address : B2, 3Fl Park Place 7 Tai Tam Reservoir Rd
Country of Residence : Hong Kong
4
Name : Mr. Stephen Chi-wan Chan
Nationality : Hong Kong
ID/Passport No. : E499801(8)
Registered Address : Unit B 17Fl The Astrid - Tower 1 180 Argyle St,
Kowloon
Country of Residence : Hong Kong
*Main Products & Services*
======================
Engaged in providing television programmes and other related services.
These include :
- Video distribution
- Telecast licensing
- Programme production
- Airtime/VC advertising
management
- Cable operation
- Satellite television
2. Provides investment holding services.
Has the exclusive rights to distribute the more than 6,000 hours of
programmes produced annually by TELEVISION BROADCASTS LTD as well as the
80,000-hour programme library which are dubbed into other asian languages as
well as english.
Products: CATV (cable television)
Cable satellite
televisions
Internet protocol
TV (IPTV)
Investment
holding
Radio program
*Brand*
=======
TVBI Xing He
TVBJ
*(Subsidiaries , Joint-ventures & Affiliates)
=========================
Company Name : JADE ANIMATION PRODUCTIONS LTD
Address : 3Fl Complex Bldg TV City Clean Water Bay Rd Sai Kung New
Territories Hong Kong
Country : Hong Kong
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
Company Name : TVB (USA) INC
Country : USA
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Newspapers, Media, Broadcasting & Cable
Company Name : TVB.COM LTD
Address : Tseung Kwan O Industrial Estate TVB City 77 Chun Choi St
Kowloon Hong Kong
Country : Hong Kong
Relationship :
Subsidiary
Legal Form :
Private company with limited liability
Company Type : Service
Industry :
Internet Portals
*Subsidiaries, Joint-ventures
& Affiliates*
=================================
Maintains the following:
- Video rental in Malaysia and United Kingdom and a video chain called
'TVB Video' in Vancouver, Canada
- Programming services in the Philippines, Singapore, Malaysia, New
Zealand, Indonesia, China, Thailand and North America.
- Own satellite service, the TVB Super Channel (TVBS) in Taiwan which
reached almost maximum penetration of Taiwan's over 5 million cable TV homes
which represent over 78% of Taiwan's total television households.
PAYMENT RATING : 3 OBTAINED SCORES :
60
|
Implication |
Implications |
|
|
1 |
Scores 85–100 |
Excellent |
|
2 |
Scores 75 – 84 |
Above Average |
|
3 |
Scores 50 – 74 |
Average |
|
4 |
Scores 35 – 49 |
Fair |
|
5 |
Scores 15 – 34 |
Below Average |
|
6 |
Scores 01 – 14 |
Poor |
|
NR |
No Data |
No Data |
The rating indicates the
payment pattern of SC based upon our Payment Database, comments from suppliers
of SC, information from banks (if available), as well as industrial sources.
Dealings on open terms may be possible for MODERATE amounts
depending on individual judgement experience.
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
SC is considered large-sized in its line with a development history of
28 years. Taking into consideration of SC’s general performance, a credit line
up to USD 200,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 4833 TV
Broadcasting Stations
Service 4841 Cable &
Other Pay TV Svcs
Service 6700 Holding
& Investment Offices
Service 7379 Computer
Related Svcs, NEC
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 9900 Business
services, health, financial/insur. legal/real estate, hotels, and misc repairs
Service 9923 Computer
related services, nec
Service 9991 Television
production
Service 9996 Mixed media
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Service Investment
holding
Service Television
programs
Service Video
distribution
Service CATV (cable television)
Service Satellite
television (TV)
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.17 |
|
UK Pound |
1 |
Rs.86.46 |
|
Euro |
1 |
Rs.68 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)