The District Court in Białystok appointed a MGW CCG subsidiary to be a court supervisor in connection with the instigation of accelerated arrangement proceedings against the company Auto Hit S.A. A motion to appoint us this role was sent filed by Auto-Hit S.A. and it was approved by their biggest financial creditor, i.e. Alior Bank.
We are pleased to announce that we have established cooperation with two major clients on the market of car rental and fleet management: FRAIKIN Polska Sp. z o.o. and HAMA Polska Sp. z o.o. Both entities are important players on the market, they manage big fleets of vehicles which to a big extent are funded from leasing agreements and loan contracts. They decided to initiate major cooperation to manage agreements, outsource certain accounting procedures and to support organization of new funds. Under the cooperation agreement MGW CCG is responsible for monitoring leasing agreements risks, risk management and entering accounting documents into the LEASING MONITOR system so that Client will be able to download all such documents onto their accounting systems in accordance with the account plan implemented in their organizations.
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