I’m sure that you are aware the process and it seems to me an internally delay from our side starting from order from, supplier invoice, billing approved and placed to FORD. Whilst the customer PO date and received on August 6th so we suppose to reach the 1st 50% payment from FORD around end of August or latest by 1st week of September, which meet the original requirement from Hansa, if we are able to manage our internal process with conscious awareness of the urgency. Unfortunately, each internal team did not seem to realize the common need of TV Production after our hard working in leverage with the external FORD Buyer to gain their trust and understanding of TV fundamental worked requirement. Apart from that based on our best practice and historical show we never made the payment to TV Production House shorten than 40 days see attached reference (not to mention about Everest Activation as it is absolutely overrules without written approval). We may consider the payment term from production house as one part of selection or winning criteria, thus we have sufficient turnaround time in case of we are not able to encourage our internal team to understand the need of urgency or speed up the internal process, this is can be done individually but need the teamwork.
As we have already worked prior and headed up both internal and external parties so I shall have K.Kik to go over her internal finance process and suggest on how can we made the payment to Hansa.