In order to manage, first measure. An accurate valuation of your business is critical to successful management.

In order to manage, first measure. An accurate valuation of your business is critical to successful management.

Real estate is often the most valuable asset on the balance sheet. When was the last time you had it reliably valued?

Real estate is often the most valuable asset on the balance sheet. When was the last time you had it reliably valued?

Often overlooked but always critical. Typically machinery & equipment is only considered for managing depreciation.

Often overlooked but always critical. Typically machinery & equipment is only considered for managing depreciation.

HK Office relocation

HK Office relocation
​Censere's HK office has relocated to the following address: Unit 101, Shun Kwong Commercial Building, 8 Des Voeux Road West, Hong Kong Our phone and fax number remain the same: Tel. +852 2511 2011  Fax. +852 2511 2005
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Adie Gupta appointed Managing Director

Censere is pleased to announce that Adie Gupta has been appointed to the role of Managing Director, effective immediately. Adie originally joined Censere in our Sydney office as a Director and has also been overseeing our KL office for the last 2+ years. His appointment to Managing Director reflects the regional role he has been playing and his ability to oversea complex c...
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Conservatism in Valuation

Conservatism in Valuation
Conservatism or prudence is a major building block in financial reporting. Earnings and asset values should not be overstated whilst liabilities and expenses should be accounted for in full. This helps guard against potential financial statement manipulation and misrepresentation. Asset valuation, on the other land, is unavoidably judgmental, and conservatism always plays a rol...
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Room for Rent: A Review of Global Hotel Industry Drivers & Trends

As the middle class grows in emerging markets, with greater disposable income, travelling for leisure is becoming a natural aspiration for many. To meet this demand, expanding hotel chains in emerging markets are not only targeting western clients, but also aiming at enhanced brand awareness and loyalty among the local population who are expected to drive future growth.

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The Museum of Thai Corruption – “Showcasing Thailand corruption cases”

In Thailand, the National Anti-Corruption Commission (the "NACC") has funded and organized, The Museum of Thai Corruption (the "Museum"), which is a roaming museum to raise the awareness of fraud and corruption in Thailand. The Museum showcases ten major alleged cases in Thailand over the last 15 years which includes: the rice subsidy scheme (in more detail below), corruption i...
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Fraud & Corruption in the Pharmaceutical Industry in China

Fraud & Corruption Typologies

Despite increased enforcement of the US Foreign Corrupt Practices Act ("FCPA") and China's own commercial bribery laws, fraud and corruption remains rife across many industries in China, especially in the pharmaceutical and life sciences industry where the benefits of bribery still seem to outweigh the risks. The most common typologies being: 
  • Sales teams bribing doctors to purchase their products
  • Fictitious sales and fake contracts
  • Tendering fraud and bid rigging
  • Off label use of pharmaceuticals
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Brett Shadbolt will be a panelist for Joint HKICPA and IFRS Conference 2015

Brett Shadbolt has been invited, and will be attending the Joint HKICPA and IFRS Conference on the 12-13 October 2015 at the JW Marriot Hotel in Hong Kong. Mr Shadbolt has been selected to be a panelist in a panel discussion session covering the topic 'IFRS Measurement and other cross-cutting issues' from the perspective of a business valuer. This session will be designed to enhance the understanding of fair value and cross-cutting IFRS measurement issues. This conference will bring together leaders in financial reporting from the private sector, analysts, regulators and representatives of the ISAB as well as the accounting profession. It is a major event with more than 200 participants expected.

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Censere Awarded Global Fund Awards 2015

Corporate Livewire’s Global Fund Awards is an international award set up to honour outstanding funds and service providers within the financial industry. Censere has been awarded the Best Value Consulting Group Award for the Global Fund Awards 2015. This award once again evidenced that Censere is a recognized valuation company in the financial industry.  

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Bioplastics set for significant growth through 2018

Bioplastics set for significant growth through 2018
Bioplastics, also called biobased plastic or biodegradable plastic, are a type of plastic manufactured from renewable biomass feedstocks such as vegetable oils, corn starch or sugar. The bioplastics industry is still a niche market and in its emerging growth stage though bioplastics have been utilized in a number of commercial markets and applications, such as packaging, textil...
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Censere Awarded 2015 Intellectual Property Award

Censere Awarded 2015 Intellectual Property Award

 

The Acquisition International 2015 International Intellectual Property Awards recognise the top intellectual property practitioners in all areas including the well-established trademark, copyright, patent and litigation practices. Speaking about their award, Awards Coordinator Peter Rujgev commented: “The terrific response we had for the program this year is only outlining the growing importance of the Intellectual Property practice globally. It is an honour for us to acknowledge Censere for their excellence in the field and further inspire them to keep up their outstanding work for the years to come.“

Censere's CEO, Brett Shadbolt stated, “We are thrilled to be recognised as the leading IP valuation firm in Asia. We have worked hard to deliver high quality services to clients and it is a testament to our people that we have achieved this award.”

To learn more about our award winners and to gain insight into the working practices of the “best of the best”, please visit the Acquisition International supplement website. 

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Richard Batten Presented a Paper to the International Corruption Conference

Richard Batten, Censere’s Director for the Mekong Region based in Thailand presented a paper to the Third International Conference on Evidence-Based Anti--Corruption Policies (CEBAP 3) was held in Bangkok, Thailand on 17-18 June 2015. The Thai Government has highlighted the private sector has a key role to play in reducing public sector corruption.  The presentation discussed how the private sector can play a role in reducing corruption was titled“Corruption and Fraud Prevention Strategies for Sustainable Corporate Governance”.  Richard addressed the effective risk management strategies based on prevailing standards and best practice, including the use of key prevention and detection tools such as fraud and corruption data analytics.

The Conference attracted more than 500 delegates from Thailand and 15 other countries. It was a high profile event, attended by the President of Thailand’s National Anti-Corruption Commission (NACC), the Prime Minister of Thailand, the Secretary-General of Transparency International- Thailand, the Country Director of the World Bank, the Chair of the Thai Institute of Directors (IOD), World Bank Specialists, Members of the Thai National Legislative Assembly and National Reform Council, Secretary-General of Thailand’s Anti-Money Laundering Office, members of the Office of the Attorney-General, the United Nations Office of Drugs and Crime (UNODC), the Controller-General’s Department, Thailand’s Office of the Auditor-General, Indonesia’s Anti-Corruption Agency (KPK), Malaysia’s Anti-Corruption Commission (MACC), Bhutan’s Anti-Corruption Commission, Professors from Harvard University, New York University, Thammasat University, Chulalongkorn University, National Institute of Development Administration, Kasetsart University, MahasarakhamRajabhat University, St. Petersburg State University, Australia’s Flinders University, Germany’s Ruhr-Universitat Bochum and University for Public Administration of North Rhine-Westphalia, Radford University, Khon-Kaen University, Universidad Complutense de Madrid, and Assumption University. 

 

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Censere and Chorus Consulting enter into Strategic Partnership

Censere and Chorus Consulting enter into Strategic Partnership

Censere and Chorus Consulting are pleased to announce the signing of a cooperative agreement cementing a strategic partnership between the two firms. Chorus Consulting is a Houston-based consulting firm specializing in computer forensics and e-discovery for litigation and internal investigations, while Censere is a Singapore based group with 15 offices throughout Asia and the USA specialising in financial modelling, valuation, due diligence, forensic accounting and investigations, and industry research.

Chorus Consulting manages data collections, provides electronic discovery tools and expertise; and gives the technology assistance needed in various different circumstances. They have worked with multi-national companies, international law firms, and litigation support personnel consistently. John Myers, Founder and Managing Member of Chorus Consulting, said “Chorus is excited about this strategic partnership with Censere.” Also stating that “this will allow Chorus and Censere to provide our clients with unprecedented service offerings that seamlessly combines our ESI and Data Analytics Service with Censere’s strong financial consulting and investigation background, resulting in a richer level of client deliverable.”

Brett Shadbolt, CEO of Censere, stated that “in Chorus Consulting we have found a partner who has the same commitment to providing the highest standard of service possible and whose services complement Censere's perfectly. Our mutual clients stand to benefit from this partnership as jointly we offer a range of services significantly broader than was possible previously." Zaid Sultan, Director, Censere Houston, concluded by stating "We look forward to working with Chorus Consulting and are confident that our clients will be pleased with our combined service offering."

With the agreement in place, both Censere and Chorus Consulting are able to go to market together. For more information about our combined services, visit our websites Censere and Chorus Consulting or email us at This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it.

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Censere sponsors the 3rd Oil and Gas Anti-Corruption & Compliance Exchange 

We are glad to announce that Censere is a supporting sponsor for the “3rd Oil and Gas Anti-Corruption & Compliance Exchange” will be held at Houston, USA from 29 to 30 September 2015. Brett Shadbolt (Censere Group's CEO), Peter Coleman (Censere Group's Director of Indonesia Office) and Zaid Sultan (Censere Group's Director of US Offices) will be attending the event. This exchange is designed for people in the oil and gas sector including in-house counsel, compliance and business leaders and practitioners. Attendees can share sector experts’ useful insights and practical solutions through a mix of plenary sessions, breakout groups and roundtable discussions designed.

Details of the Exchange can be found: here

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Forensic Integrity Due Diligence and the Protection of Personal Data in Hong Kong

Author: Richard Batten LL.B (Hons), Barrister and Solicitor of the Supreme Court of Victoria and Director of Censere Group Co., Ltd

Richard is a Director with the Censere Group and for the past 20 years has been assisting clients in the Asia Pacific Region with Due Diligence investigations in a variety of Mergers and Acquisitions across different industries.  His projects have included clients from China, Japan, India, Korea, Australia and the USA.  

One of the significant trends in the Asia Pacific region over the last few decades has been the emergence in a number of countries of new or tightened laws on privacy of personal data or “Data Privacy”.  This trend has created a particular challenge for forensic practitioners providing integrity due diligence services to clients seeking to mitigate their risk(s) before deciding on significant investments in the region.  Not only does a forensic practitioner need to understand where and how to obtain relevant background information on a target company, and key individuals associated with the target, but is also required to have a sound knowledge of all data privacy laws and guidance in the jurisdictions relevant to particular due diligence projects.

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The Consolidation of China’s Dairy Industry

Mengniu, Yili and Bright Dairy are Market Leaders

On basis of company sizes, market players in the Chinese dairy market can be categorized into 3 tiers. The 1st tier refers to the national players, namely, Mengniu, Yili, and Bright Dairy. The 2nd tier includes regional players, such as Beijing Sanyuan Dairy, Royal Dairy, and Yantang Dairy. The 3rd tier players focus almost solely on local markets and pose no immediate threat to players in the first two tiers. There are more than 1,500 dairy companies in China, while the number of companies with operational revenues above RMB5 million is more than 400. In 2012 the dairy industry reported sales revenue of RMB246.54 billion, the top 4 dairy companies were all domestic companies and merely accounted for around 39% of market share. Foreign dairy companies, such as Danone, Mead Johnson, and Nestle, made up more than half of the market.

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An Overview of China’s Pharmaceutical Industry

China is the second largest pharmaceutical market in the world

With China’s expanding personal income and the growing medical needs of its aging population, its pharmaceutical market has become the second largest in the world. IMS Health predicts that global spending on medicines will reach around USD1,300 billion by 2018, a 30% increase over the 2013 level. During 2014-18, the compound annual growth rate (CAGR) on medicines spending will be 4% to 7%. China had a spending level of USD77.2 billion in 2012, which accounted for 8% of global medicines spending. It is forecasted that China’s spending level will reach USD155-185 billion in 2018, which would be the highest among emerging pharmaceutical markets. The key drivers for growth will be healthcare infrastructure improvements, increased access to medicines, and increases in the number of private hospitals.

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Richard Batten delivered an Introductory Investigations Skills Workshop in Bangkok and Kuala Lumpur

Richard Batten the Director of Censere Group's Thailand and Mekong Regional office delivered an Introductory Investigations Skills Workshop at our new Bangkok office Training Centre on 20 March 2015. The workshop was attended by both private sector and the Thai Government National Anti Corruption Commission. The Workshop was also delivered at our Kuala Lumpur office Training Centre on 30 March 2015. 

 

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Formal launch of Censere Group's Kuala Lumpur office

Formal launch of Censere Group's Kuala Lumpur office

Censere Group formally opened its Kuala Lumpur office at the newly developed Oval Damansara office tower in Kuala Lumpur on 17 March 2015. The events for the launch included a half day introductory Leveraging Intellectual Property Workshop and a launch party which was attended by friends, clients and associates of Censere as well as staff from various Censere offices including, Bangkok, Hong Kong, Houston, Jakarta, Singapore and Taipei apart from Kuala Lumpur. 

 

739 Hits

Adie Gupta conducted a Leveraging IP Workshop in Kuala Lumpur

Adie Gupta, Director of Censere Group's Malaysia office and the leader of Intellectual Property (IP)/ Intangible Assets team conducted a half day introductory Leveraging IP Workshop at Censere Training Academy's Kuala Lumpur facility on 16 March 2015. The workshop was attended by participants from government agencies involved in the Malaysian Government's IP Financing Scheme as well as private equity. The Workshop covered a number of areas including, the key characteristics of IP, various approaches used in the valuation of IP including case studies and the common mistakes in valuation of IP assets. Based on the feedback from the Workshop, Censere Training Academy will be conducting more in depth IP workshops in Malaysia over the coming months.

 

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Brett Shadbolt presented a talk about mining industry in Seoul

Brett Shadbolt presented a talk about mining industry in Seoul

On 26th February 2015, Mr. Brett Shadbolt, CEO of Censere Group, presented a talk on “The Current trends in Mining industry & Mine valuation” in Seoul. In this event, organized by Hangyang University and Korea Ministry of Resources, Mr. Shadbolt presented current trends in mining industry, IPO requirements for mining companies, valuation standards, valuation methods and a mine valuation case study.

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