MIRA INFORM REPORT

 

 

Report Date :

04.07.2012

 

IDENTIFICATION DETAILS

 

Name :

EVS  BROADCAST  EQUIPMENT  LTD.

 

 

Registered Office :

15/F., New Victory House, 93-103 Wing Lok Street, Sheung Wan

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

01.11.2002

 

 

Com. Reg. No.:

33093989

 

 

Legal Form :

Private Limited Company.

 

 

Line of Business :

Importer and Exporter of all kinds of broadcast equipment, etc

 

 

No. of Employees :

15

 

 

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

 

Status :

Good

Payment Behaviour :

No complaints

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Hong Kong

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

                                                                                    

EVS  BROADCAST  EQUIPMENT  LTD.

 

 

ADDRESS:             15/F., New Victory House, 93-103 Wing Lok Street, Sheung Wan, Hong Kong.

 

PHONE:                  2914 2501

 

FAX:                       2914 2505

 

E-MAIL:                  sales@evs-asia.com.hk

 

 

MANAGEMENT

 

Managing Director:  Mr. Luc Andre Bernard Doneux

 

 

SUMMARY

 

Incorporated on:             1st November, 2002.

 

Organization:                 Private Limited Company.

 

Capital: Nominal:           HK$10,000.00

Issued:                          HK$10,000.00

 

Business Category:        Broadcast Equipment Trader.

 

Group Revenue: EUR 106,898,000  (Year ended 31-12-2011)

 

Employees:                   15.

 

Main Dealing Banker:     The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Banking Relation:           Satisfactory.

Company name 

 

EVS  BROADCAST  EQUIPMENT  LTD.

 

 

company ADDRESS

 

Registered Head Office:-

15/F., New Victory House, 93-103 Wing Lok Street, Sheung Wan, Hong Kong.

 

Holding Company:-

EVS Broadcast Equipment S.A., Belgium.

 

Associated Companies:-

EVS Australia Pty. Ltd., Australia.

EVS Broadcast Equipment Inc., USA.

EVS Broadcast Equipment Lberica SL, Spain.

EVS Broadcast Equipment Middle East Ltd., UAE.

EVS Broadcast Mexico, S.A. de C.V., Mexico.

EVS Broadcast UK Ltd., UK.

EVS Canada Inc., Canada.

EVS Deutschland GmbH, Germany.

EVS France Developpement S.A.R.L., France.

EVS France S.A., France.

EVS International (Swiss) S.A.R.L., Switzerland.

EVS Italia S.R.L., Italy.

EVS Nederland B.V., Netherlands.

Far S.P.R.L., Belgium.

Mecalec SMD S.A., Belgium.

OpenCube Technologies S.A.S., France.

XDC S.A., Belgium.

 

 

BUSINESS REGISTRATION NUMBER

 

33093989

 

 

COMPANY FILE NUMBER 

 

0820111

 

 

MANAGEMENT

 

Managing Director:  Mr. Luc Andre Bernard Doneux

 

 

CAPITAL

 

Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital: HK$10,000.00

 

 

SHAREHOLDERS

 

(As per registry dated 01-11-2011)

Name

 

No. of shares

EVS Broadcast Equipment S.A.

Parc Scientifique de Sart Tilman, Rue Bois St-Jean, 16, B-4102, Ougree (Liege), Belgium.

 

 

9,999

Pierre M. E. F. L’HOEST

 

1

 

 

––––––

 

Total:

10,000

=====

 

 

DIRECTORS

 

(As per registry dated 01-11-2011)

Name

(Nationality)

 

Address

Jacques R.A. GALLOY

Parc Scientifique de Sart Tilman, Rue Bois St-Jean, 16, B-4102, Ougrée (Liège), Belgium.

 

Pierre M. E. F. L’HOEST

Parc Scientifique de Sart Tilman, Rue Bois St-Jean, 16, B-4102, Ougrée (Liège), Belgium.

 

Luc Andre Bernard DONEUX

Room C, 14/F., Greenmont Court, Discovery Bay, Lantau Island, Hong Kong.

 

 

SECRETARY

 

(As per registry dated 01-11-2011)

Name

Address

Co. No.

Honey Nominees Ltd.

Suite 1908, 19/F., St. George’s Building, 2 Ice House Street, Central, Hong Kong.

0240378

 

 

HISTORY

 

The subject was incorporated on 1st November, 2002 as a private limited liability company under the Hong Kong Companies Ordinance.

Apart from these, neither material change nor amendment has been ever traced and noted.

 

 

OPERATIONS

 

Activities:                      Importer and Exporter.

 

Lines:                           All kinds of broadcast equipment, etc.

 

Employees:                   15.

 

Commodities Imported:   Europe, USA and other advanced countries, etc.

 

Markets:                       China, other Asian countries, Europe, etc.

 

Group Revenue: EUR 111,155,000  (Year ended 31-12-2010)

EUR 106,898,000  (Year ended 31-12-2011)

 

Terms/Sales:                 L/C or as per contracted.

 

Terms/Buying:               As per contracted.

 

 

MEMBERSHIP

 

Belgium Loxembourg Chamber of Commerce

 

 

FINANCIAL INFORMATION

 

Nominal Share Capital:               HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital:                 HK$10,000.00

 

Group Net Profit:                        EUR 38,058,000  (Year ended 31-12-2010)

EUR 32,068,000  (Year ended 31-12-2011)

 

Profit or Loss:                            Making a small profit every year.

 

Condition:                                  Keeping in a normal manner.

 

Facilities:                                  Making rather active use of general banking facilities.

 

Payment:                                  Met trade commitments as required.

 

Commercial Morality:                 Satisfactory.

 

Banker:                                     The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Standing:                                  Good.

 

 

GENERAL

 

EVS Broadcast Equipment Ltd. is a wholly-owned subsidiary of EVS Broadcast Equipment S.A. [EVS] which is a Belgium-based firm.

The subject and EVS are engaged in the same lines of business.  EVS is engaged in broadcast technology.

EVS manufactures live outside broadcast digital video production systems.  Its recorders have become the dominant standard for broadcasters worldwide. Their XT3 production video servers enable the creation, editing, exchange and playout of audio and video feeds.

The company states that over 5,000 operators of all nationalities now use their applications on a daily basis.

EVS has achieved substantial success in compressed video and audio data processing, and is endeavouring to maintain their market position in the migration from analogue to digital in television networks.

EVS was founded in February 1994 by Laurent Minguet, Pierre L’Hoest and Michel Counson.  The founders of EVS aimed to develop equipment for the digital recording of pictures on hard disks (disk recorders) for professional broadcasters within the television industry.

The followings are the main products of EVS:

·         XT3: this video server allows broadcasters to record, control and play clips, ingesting synchronously multiple feeds;

·         Multicam[LSM]: this is the controller software for the XT3 server. Combined with its remote controller, it allows instant replays and slow-motion effects, widely used in sport broadcast;

·         XS: this is the production server for studio environment;

·         IPDirector : this is a software used to control the XT3 server offering several features as metadata management, rough cut editing and playlist management;

·         Xedio: a modular application suite intended for broadcast professionals which handles the acquisition, production, media management and the playout of news and sport media. It includes a non-linear editing system, CleanEdit, which can work virtually;

·         C-Cast: The tool delivers instant additional content to viewers on second screen media platforms; &

·         Epsio: The tool allows to insert graphics overlays in real-time or in instant replays.

Now the head office of EVS is in Liege, Belgium.

In FY 2011, the revenue of the Group amounted to EUR 106.9 million (FY2010: EUR 111.2 million).  Group net profit was EUR 32.1 million (FY2010: EUR 38.1 million).

According to EVS, it had 428 employees as at March 2012.

On the whole, as the subject is fully supported by the EVS Group, consider it good for normal business engagements.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.81

UK Pound

1

Rs.86.03

Euro

1

Rs.69.06

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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

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

--

NB

                                       New Business

 

--

 

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%)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.