Graphic Cards Display issue with HD 4550 & Philips LCD TV

I run a dual display with HD 4550 with DVI input to my DELL 2208WFP & HDMI input to Philips 32PFL 5609.

There is a small niggling issue when it comes to the HDMI display to the LCD. Eventhough using the ATI Catalyst centre, I have selected the screen resolution of 1920*1080 for the Philips, I get black borders all around the screen and the full screen display is never achieved. This is not only for the movies, but even the static desktop display is not able to display a FHD wallpaper without black borders.

Is there a workaround solution? Can FHD display without borders can be achieved using this GC and what is the way to do it?
 
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