UHY Clients
Mitas a.s.
1st March, 2007
Mitas a.s.
Mitas has produced millions of tyres for a variety of vehicles since its foundation in former Czechoslovakia in 1933.
Mitas a.s. is a member of Ceská gumárenská spolecnost a.s. (CGS) holding. Mitas a.s. owns the agricultural tyre business of Continental branded tyres and has three manufacturing plants in the Czech Republic and 10 international subsidiaries operating under the CGS Tyres name.
Mitas a.s. produces more than 300,000 agricultural tyres in radial design annually and a wide assortment of industrial and motorcycle tyres.
Before being appointed auditors to Mitas’ global subsidiaries, UHY in London, the UK, was the auditor of CGS Tyres UK, a fully-owned subsidiary of Mitas a.s.
Through its work for CGS Tyres, UHY learned that there was an opportunity to provide audit work to the worldwide subsidiaries. UHY put forward a proposal to the Mitas Board to conduct audit work for the foreign subsidiaries and to prepare the sub-consolidation and subsequently won the contract to provide audit services for the next two years.
UHY’s Mitas audit team is spread over Austria, Brazil, France, Germany, Mexico, Spain, the UK and the US. Ian Cohen, Senior Partner at UHY in London, is leading the Mitas account and his team in London controls the distribution of documents and the workflow. The international team keeps in regular contact by teleconference and email.
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