3/F, Building 18, Zhongrun Century Square, No.13777 Jingshi Road, Lixia District
July 8, 2021
July 8, 2021
July 2, 2021
SENER is a private engineering and technology group founded in 1956. It seeks to offer its clients the most advanced technological solutions and enjoys international recognition for its commitment to innovation, its quality and for its independence.
SENER has nearly 2,500 professionals across its centers in Algeria, Argentina, Brazil, South Korea, Canada, Colombia, Chile, China, the United Arab Emirates, Spain, the United States, Morocco, Mexico, Poland, Portugal, the United Kingdom and South Africa. It accomplishes Aerospace and Engineering and Construction activities and has industrial holdings in companies working in the field of Energy and Environment.
In 2013, SENER Group created SENER (Shanghai) Systems Company Limited to provide high quality services to Chinese clients. SENER (Shanghai) needed finance & tax consultation, accounting and personnel services to support its development. It engaged Brighture to provide these services in 2016.
Brighture provides SENER with their management accounts, tax compliance and reporting, as well as tax advisory and planning services to help mitigate tax liabilities.
“We are very focused on ensuring that we understand our client’s needs so we can be responsive and proactive with advice and solutions. Our job is to help improve our clients’ efficiency and ensure we help grow their business.“
“With respect of opinion of Brighture service, we are more than satisfactory with the service provided by Brighture. We have very easy communication with Brighture. All the reports prepared by Brighture are well organized, sent in time. The data are all correct, etc. In one word, we are very happy working with Brighture.”
Mr.Guangwu Liu
GM at SENER (Shanghai) Systems Company Limited
Otafuku Foods Co. Ltd was founded in 1922 in Japan. It mainly provides liquid, solid and semi-solid seasoning products such as sauces and vinegars for condiment manufacturers and other food companies. It has developed into one of the largest seasoning products manufacturers in Japan and continues to grow in North America.
In order to promote a Japanese food culture in China and develop the Chinese market, Otafuku Foods Co., Ltd established Otafuku Foods (Qingdao) Co., Ltd in China in 2012.
As a Japanese production enterprise, it is really critical to have standardized financial accounting processes that can accurately deal with local tax policies and regulations in China and ensure strong tax compliance. Otafuku Foods (Qingdao) Co., Ltd appointed Brighture to help them with this.
Brighture’s team consists of financial and tax consultants, senior accountants and auditors who collaborate to ensure problems are solved quickly, who understand the company’s business model and more importantly can provide solutions to help improve and enhance operations.
Over the last 9 years, Otafuku Foods and Brighture have worked closely together on the growth of their business, their markets and their customers. Brighture has also helped them to develop new ideas and additional partners to help them grow new business areas, such as high-tech providers and maternity leave outsourcing services.
“Since its establishment in 2012, Otafuku Foods (Qingdao) Co., Ltd has been consulted and guided by Brighture in accounting, taxation, auditing and other aspects of finance and taxation. With professional services, Brighture answers relevant financial and tax questions, standardizes financial accounting of enterprises, helps enterprises prevent and control financial and tax risks, and establishes a foundation for the development of enterprises, which is worthy of customers’ trust and long-term cooperation.”
Mr. Huiming Luo
GM at Otafuku Foods (Qingdao) Co., Ltd
JCHX Mining is a major service provider focusing on engineering, mine construction, underground development, contract mining, and research and development in the nonferrous, ferrous and chemical industries.
It has a registered capital of CNY 583 million, employs more than 6,000 people, and controls 30 subsidiaries, four branches and a provincial-level R&D centre. As part of its business plan, the company asked Zhonghui, a member of Kreston Global in China, to help in three main areas.
JCHX Mining wanted to improve its internal management, particularly its financial management capabilities. They also wanted a better understanding of the IPO procedure, and to improve their information-gathering on the latest local rules affecting their various overseas projects.
Discussing their needs with JCHX Mining, we helped create an effective financial management procedure and compliance framework. We also provided an audit service in the company’s IPO and the issuance of a CNY 1 billion convertible bond. For its overseas business, we helped provide training for the financial staff involved in foreign projects while giving expert tax advice regarding various investment projects.
Lu Li, audit partner at Zhonghui, commented:
“It has been very satisfying to help such an important company make major improvements. Our advice will optimise business efficiency and provide solid financial foundations, helping the company continue to flourish globally.”
“It was the right decision to engage Zhonghui as our trusted consulting company for numerous complex national and international projects. The Zhonghui team of experts really worked well together to help us create a tailored reporting and tax filing process for our finance team worldwide.”
Zhu Hongmeng,
CFO of JCHX
The company has more than 60 years of experience in the development and production of automotive components. It has affiliated companies in Italy, USA, Mexico, Brazil, China and India, and sells products to more than 70 countries. Its markets include industrial vehicles, buses, trains, agriculture and construction machinery, boats, motorcycles and cars.
The group was expanding its operations in Brazil, China, India, Mexico and was seeking local firms to ensure compliance with local laws and to audit the subsidiary financial statements for consolidation purposes.
DOGA Group’s management team was unhappy with the performance of the local accounting firms they were using at the time. They discussed their needs with Kreston Spanish member firm Kreston Iberaudit which the company already used for other services. Kreston Iberaudit explained the advantages of using the Kreston Global network, and DOGA subsequently began working with Kreston Partnership in Brazil. They were so pleased with its work that they appointed Kreston Global member firms in India and Mexico (Kreston Rangamani & Kreston BSG) to carry out similar work.
Montse Martin, the company’s Finance Director, said: “DOGA Group has engaged the services of Kreston’s Partners in Spain, Brazil and China for Audit, Tax and Transfer Pricing matters for several years. As a result of this mutually beneficial relationship, we are now turning to Kreston firms in India and Mexico to assist our international subsidiaries.
“To date, we have been extremely impressed with the dedication of the Kreston Partners and their ability to provide a personalised service throughout, tailored to the requirements of each of our affiliates.”
“The cohesion between members across the network is one of Kreston’s greatest strengths and we look forward to their continued support”.
Elena Ramírez Marín, lead client partner for DOGA Group at Kreston Iberaudit, commented:
“It has been very gratifying to help our friends at DOGA expand their international operations. The work has also highlighted the tremendous benefits the Kreston Global network gives to both clients and member firms.”
June 23, 2021
CASE STUDY: JCHX Mining Management Co., Ltd., China
JCHX Mining is a major service provider focusing on engineering, mine construction, underground development, contract mining, and research and development in the non-ferrous, ferrous and chemical industries.
It has a registered capital of CNY 583 million, employs more than 6,000 people, and controls 30 subsidiaries, four branches and a provincial-level R&D centre. As part of its business plan, the company asked Zhonghui, a member of Kreston in China, to help in three main areas.
JCHX Mining wanted to improve its internal management, particularly its financial management capabilities. They also wanted a better understanding of the IPO procedure, and to improve their information-gathering on the latest local rules affecting their various overseas projects.
Discussing their needs with JCHX Mining, we helped create an effective financial management procedure and compliance framework. We also provided an audit service in the company’s IPO and the issuance of a CNY 1 billion convertible bond. For its overseas business, we helped provide training for the financial staff involved in foreign projects while giving expert tax advice regarding various
investment projects.
Lu Li, audit partner at Zhonghui, commented: “It has been very satisfying to help such an important company make major improvements. Our advice will optimise business efficiency and provide solid financial foundations, helping the company continue to flourish globally.”
“It was the right decision to engage Zhonghui as our trusted consulting company for numerous complex national and international projects. The Zhonghui team of experts really worked well together to help us create a tailored reporting and tax filing process for our finance team worldwide.”
– Zhu Hongmeng, CFO of JCHX
June 22, 2021
June 10, 2021
June 8, 2021
Brighture, one of our key firms in China, has published its latest newsletter for June 2021.
It discusses the latest updates regarding financial and tax policy changes in China.
