HYG Financial Services, Inc. is an exclusive joint venture between Hyster-Yale and Wells Fargo Financial Leasing, Inc. formed primarily for the purpose of providing debt financing to dealers and lease financing to both dealers and customers in the United States. Under the joint venture agreement with HYGFS, the Company’s dealers and certain customers are extended credit for the purchase of lift trucks to be placed in the dealer’s floor plan inventory or the financing of lift trucks that are sold or leased to customers. Enterprise risk management – ERM is a dynamic process to identify, assess, report and mitigate risk. DHG’s risk management professionals determine your company’s risk appetite in the areas of business continuity planning, third-party risk assessments, IT, and more. Cybersecurity – The digital landscape is rapidly evolving, and cybersecurity, data privacy and IT regulatory compliance are at the forefront of top concerns for protecting your business. DHG IT Advisory professionals perform network security assessments, penetration testing, social engineering, dark web research, data breach response and information security risk assessments.
ASC 740 tax accounting preparation and review – Income tax accounting takes into consideration deferred tax assets, liabilities and credits. Purchases of key products and services provides insight into whether a business is growing or declining financially. Analyzing spending enables creditors predict risk scenarios before other credit analysis methods. Fair value assessments – DHG Financial Service professionals can assist https://1investing.in/ your company in applying the complex valuation techniques necessary to value your financial assets and liabilities. Our services include investment securities valuation, goodwill impairment testing and valuation, purchase price allocation, and more. Model risk management and model validation – Supervisory expectations have evolved with an enhanced view of what constitutes strong model risk management practices.
Company Buying Behavior
DHG has dedicated professionals and concentrated experience in the financial institutions, mortgage banking, broker dealer, specialty finance and asset management industries. Request information about Hyster-Yale Materials Handling, Inc. or any of our brands. Bolzoni products are manufactured in the United States, Italy, China, Germany, and Finland. Mergers and acquisitions due diligence – Thoughtful due diligence planning on the buy-side and sell-side of a transaction can greatly benefit the business in terms of structure, price and valuation.
Credit risk management – In an evolving regulatory and economic environment, it is critical to have a trusted advisor complete a thorough loan review of the portfolio. Our experienced credit professionals can also look for signs of credit or loan stress in the portfolio and assist in your preparation for growth through due diligence credit mark reviews. Ltd is a 50/50 joint venture established in 1970 by Sumitomo Heavy Industries, Ltd. and Hyster-Yale Materials Handling, Inc.
Leading Global Lift Truck and Attachment Manufacturer
Hyster- Yale’s attachment subsidiary, Bolzoni S.p.A., is a leading worldwide producer of attachments, forks and lift tables under the Bolzoni®, Auramo® and Meyer® brand names. Hyster-Yale’s operations are supported by a global network that includes manufacturing facilities, service and product development centers on five continents. Sign up now to receive up-to-date info such as latest press releases, SEC filings, events & presentations, and end-of-day stock quote. Certain statements on this page that are not historical facts are forward-looking statements. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the posting of this data to the website. A diversified customer base reduces exposure to individual customer or industry risk.
Hyster-Yale’s economic engine is driven by increasing unit volume and economies of scale. Core strategic initiatives were designed to drive the economic engine by increasing market share. Cost segregation – Our team of engineers and fixed asset leaders study real estate improvements and assets to maximize tax depreciation deductions.
Overall Company Spend
Income tax credits – Companies often utilize income tax credits to satisfy certain regulatory requirements, as well as create value to the organization. Our team can assist with the evaluation of these investments and the accounting elections required. DHG also offers consulting related to equity compensation, bonus and other incentive compensation plans. Tax process re-engineering – DHG helps the company’s tax function explore efficiency opportunities and build the complete tax cycle or a specific work stream for provision, budgeting or compliance. This process can include an income tax provision software custom design and configuration to the institution’s needs.
- Our continued focus on evolving regulatory, accounting and financial reporting requirements, combined with hands-on service from our experienced team, drive value for clients.
- The information contained in this company profile is compiled from third party sources, including but not limited to public records, user submissions, and other commercially available data sources.
- Request information about Hyster-Yale Materials Handling, Inc. or any of our brands.
A comprehensive model risk management framework includes governance and program design, policies and procedures, model validation and effective challenge. Federal corporate tax – The evolving federal corporate tax landscape can be challenging when coupled with IRS exam assistance, pending tax legislation and new tax laws, including the Paycheck Protection Program. The Hyster-Yale Maximal brand provides high-value, cost-effective trucks for customers requiring fundamental lift truck performance.
Fuel Cell Business Segment
Sumitomo NACCO was formed primarily to manufacture and distribute Sumitomo-branded lift trucks in Japan and export Hyster®- and Yale®- branded lift trucks and related components and service parts outside of Japan. Sumitomo NACCO operates manufacturing facilities in Japan, the Philippines and Vietnam. Both brands serve the needs of customers across the manufacturing and services spectrum and deliver core competencies in product support and fleet management.
Hyster-Yale Materials Handling, Inc. offers a broad array of solutions aimed to meet the specific materials handling needs of customers’ applications. The Company’s wholly owned operating subsidiary, Hyster-Yale Group, Inc., designs, engineers, manufactures, sells and services a comprehensive line of lift trucks and aftermarket parts marketed globally primarily under the Hyster® and Yale® brand names. As financial services companies seek more opportunities for revenue growth, complex regulations often accompany any new progress. The financial services industry is a highly competitive marketplace as companies constantly vie for new customers in the midst of an ever-changing risk environment.
The information contained in this company profile is compiled from third party sources, including but not limited to public records, user submissions, and other commercially available data sources. Moody’s Analytics makes no representations or warranties regarding, and assumes no responsibility for, the accuracy, completeness, or currency of the information contained herein. State and local tax (SALT); income, property and sales and use tax – As your company has operations and customers throughout the U.S., lean on our tax professionals to help you comply with state and local revenue requirements. The summary data (including definitions) presented is provided by Q4’s partner Virtua a supplier of financial information to the financial community. Hyster-Yale Materials Handling, Inc. neither represents nor warrants that the data accumulated and published by Virtua is accurate. Hyster-Yale has developed partnerships to support customer needs in equipment, financing, alternative energy and high-quality global product availability.
Our experienced professionals align with your business goals and thoroughly understand the latest regulatory updates and industry trends to provide innovative, proactive services. Tax advisory – Monitoring corporate tax legislation can come with unexpected challenges. DHG can help your financial services company stay current with tax scenarios at various rates, as well as rate arbitrage opportunities, as new tax guidance is proposed or signed into law. Full tax department outsourcing – If your financial services company has a unique business need to absorb your tax function, DHG stands ready to support your business with the full resources and training capabilities of our tax team. External Audit – Innovation within our audit process and the use of technology drive our assurance teams to a risk-based audit approach that is effective and cost efficient. Our continued focus on evolving regulatory, accounting and financial reporting requirements, combined with hands-on service from our experienced team, drive value for clients.
While seeking opportunities for digital innovation and cost containment, management teams, audit committee members and directors must also be up-to-date on the latest guidance from accounting and regulatory agencies and maintain compliance. Information reporting — Tax reporting for customers is a critical reputational risk area for financial services companies. DHG can assist with the interpretation of the complex rules, create an enhanced process for buying saudi riyal fulfillment and provide support during IRS examinations. BASEL III regulatory capital calculation – DHG can guide your financial services company through capital requirements for certain investments and offer strategies for regulatory compliance. DHG Financial Services is attentive to all of the complexities within the financial services industry. We serve as trusted advisors to your company and work to develop a collaborative spirit with your team.
- Our experienced professionals align with your business goals and thoroughly understand the latest regulatory updates and industry trends to provide innovative, proactive services.
- ASC 740 tax accounting preparation and review – Income tax accounting takes into consideration deferred tax assets, liabilities and credits.
- DHG IT Advisory professionals perform network security assessments, penetration testing, social engineering, dark web research, data breach response and information security risk assessments.
- A comprehensive model risk management framework includes governance and program design, policies and procedures, model validation and effective challenge.
- The Company’s wholly owned operating subsidiary, Hyster-Yale Group, Inc., designs, engineers, manufactures, sells and services a comprehensive line of lift trucks and aftermarket parts marketed globally primarily under the Hyster® and Yale® brand names.