3decades

MIRA INFORM REPORT

Report No. :	487972
Report Date :	06.02.2018

IDENTIFICATION DETAILS

Name :	SUPERB HEATER GROUP LIMITED

Registered Office :	Room 313, Duchuang Yungu, No. 8, Third Industrial Area, Baoshi South Road, Shiyan Town, Bao'an District, Shenzhen City, Guangdong Province, 518000

Country :	China

Date of Incorporation :	Not available

Legal Form :	Not available

Line of Business :	Subject is mainly engaged in sales business of electric heating components and other products. Its products include coil heater, immersed tube heater, thermocouple, thermostat and a variety of mechanical parts, etc. which are mainly applied to injection molding equipment, packaging machine, sealing machine and labeling machine and other equipment manufacturing fields.

No. of Employees :	Not available

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
C	Medium High Risk	Business dealings permissible preferably on secured basis

Status :	Not Registered in China

Payment Behaviour :	Unknown

Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List

Country Name

Previous Rating

(30.06.2017)

Current Rating

(30.09.2017)

China

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	D

CHINA - ECONOMIC OVERVIEW

Since the late 1970s, China has moved from a closed, centrally planned system to a more market-oriented one that plays a major global role. China has implemented reforms in a gradualist fashion, resulting in efficiency gains that have contributed to a more than tenfold increase in GDP since 1978. Reforms began with the phaseout of collectivized agriculture, and expanded to include the gradual liberalization of prices, fiscal decentralization, increased autonomy for state enterprises, growth of the private sector, development of stock markets and a modern banking system, and opening to foreign trade and investment. China continues to pursue an industrial policy, state support of key sectors, and a restrictive investment regime. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, China in 2016 stood as the largest economy in the world, surpassing the US in 2014 for the first time in modern history. China became the world's largest exporter in 2010, and the largest trading nation in 2013. Still, China's per capita income is below the world average.

After keeping its currency tightly linked to the US dollar for years, China in July 2005 moved to an exchange rate system that references a basket of currencies. From mid-2005 to late 2008, the renminbi appreciated more than 20% against the US dollar, but the exchange rate remained virtually pegged to the dollar from the onset of the global financial crisis until June 2010, when Beijing announced it would allow a resumption of gradual liberalization. From 2013 until early2015, the renminbi (RMB) appreciated roughly 2% against the dollar, but the exchange rate fell 13% from mid-2015 until end-2016 amid strong capital outflows in part stemming from the August 2015 official devaluation; in 2017 the RMB resumed appreciating against the dollar – roughly 7% from end-of-2016 to end-of-2017. From 2013 to 2017, China had one of the fastest growing economies in the world, averaging slightly more than 7% real growth per year. In 2015, the People’s Bank of China announced it would continue to carefully push for full convertibility of the renminbi, after the currency was accepted as part of the IMF’s special drawing rights basket. However, since late 2015 the Chinese Government has strengthened capital controls and oversight of overseas investments to better manage the exchange rate and maintain financial stability.

The Chinese Government faces numerous economic challenges including: (a) reducing its high domestic savings rate and correspondingly low domestic household consumption; (b) managing its high corporate debt burden to maintain financial stability; (c) controlling off-balance sheet local government debt used to finance infrastructure stimulus; (d) facilitating higher-wage job opportunities for the aspiring middle class, including rural migrants and college graduates, while maintaining competitiveness; (e) dampening speculative investment in the real estate sector without sharply slowing the economy; (f) reducing industrial overcapacity; and (g) raising productivity growth rates through the more efficient allocation of capital and state-support for innovation. Economic development has progressed further in coastal provinces than in the interior, and by 2016 more than 169.3 million migrant workers and their dependents had relocated to urban areas to find work. One consequence of China’s population control policy known as the “one-child policy” - which was relaxed in 2016 to permit all families to have two children - is that China is now one of the most rapidly aging countries in the world. Deterioration in the environment - notably air pollution, soil erosion, and the steady fall of the water table, especially in the North - is another long-term problem. China continues to lose arable land because of erosion and urbanization. The Chinese Government is seeking to add energy production capacity from sources other than coal and oil, focusing on natural gas, nuclear, and clean energy development. In 2016, China ratified the Paris Agreement, a multilateral agreement to combat climate change, and committed to peak its carbon dioxide emissions between 2025 and 2030.

The government's 13th Five-Year Plan, unveiled in March 2016, emphasizes the need to increase innovation and boost domestic consumption to make the economy less dependent on government investment, exports, and heavy industry. However, China has made more progress on subsidizing innovation than rebalancing the economy. Beijing has committed to giving the market a more decisive role in allocating resources, but the Chinese Government’s policies continue to favor state-owned enterprises and emphasize stability. Chinese leaders in 2010 pledged to double China’s GDP by 2020, and the 13th Five Year Plan includes annual economic growth targets of at least 6.5% through 2020 to achieve that goal. In recent years, China has renewed its support for state-owned enterprises in sectors considered important to "economic security," explicitly looking to foster globally competitive industries. Chinese leaders also have undermined some market-oriented reforms by reaffirming the “dominant” role of the state in the economy, a stance that threatens to discourage private initiative and make the economy less efficient over time. The slight acceleration in economic growth in 2017—the first such uptick since 2010—gives Beijing more latitude to pursue its economic reforms, focusing on financial sector deleveraging and its Supply-Side Structural Reform agenda, first announced in late 2015.

Source : CIA

INVESTIGATION RECORD

Name of Interviewee	Ms. Ye
Tel	(86 755) 29059861
Investigation Way	Telephone

ORDER DETAILS & INVESTIGATION RESULTS

-	Order Information	Verification
Name(English)	SUPERB HEATER GROUP LIMITED	Correct
Address (English)	No. 8 Third Industrial Zone, Baoshi South Road, Shiyan Town BAO, an District, Shenzhen City, Guangdong Province. China	Incomplete address of SHENZHEN SUPERB HEATER TECHNOLOGY CO., LIMITED
Investigation Note	1. The name “SUPERB HEATER GROUP LIMITED” is only used in foreign transactions, while the actural operation is all developed by SHENZHEN SUPERB HEATER TECHNOLOGY CO., LIMITED. Hence in this report the most information is about SHENZHEN SUPERB HEATER TECHNOLOGY CO., LIMITED. Please be noted. 2. Credit limit against subject cannot be provided in the report due to lack of effective financial information. Please be noted.

ABSTRACT

BASIC INFORMATION

Name (English)	SUPERB HEATER GROUP LIMITED
Registration No.	2547441
Company Status	Live
Date of Establishment	2017-06-21
Employee	10
Website	www.superbheater.com
Company Size	Small
SIC (China)	5179,Wholesale of Other Mechanical Equipment and Electronic Products
Import/Export Permit	Yes

CONTACTS

Tel	(86 755)29059861
Fax	(86 755)29059861
Address	Room 313, Duchuang Yungu, No. 8, Third Industrial Area, Baoshi South Road, Shiyan Town, Bao'an District, Shenzhen City, Guangdong Province(Office)
Address Post code	518000
Ownership	Rented

GENERAL COMMENTS

RISK ANALYSIS

Established on 2017-06-21, SC is mainly engaged in sales business of electric heating components and other products. The company has a short history and its industrial popularity is not high, and its future development condition needs to be observed further.

REGISTRATION INFORMATION

REGISTRATION INFORMATION

Name (English)	SUPERB HEATER GROUP LIMITED
Country	Hong Kong
Registration No.	2547441
Date of Establishment	2017-06-21
Status	Operational

SHAREHOLDER INFORMATION

Since subject is a Hong Kong company, no shareholder information can be obtained.

RELATED COMPANY

Name (English)	SHENZHEN SUPERB HEATER TECHNOLOGY CO., LIMITED (Given by Official Sources)
Unified Social Credit Code		91440300MA5DG2342P
AIC registration No.		440301116756458
Date of Establishment		2016-07-07
Registered Address		(Settled in Shenzhen Qianhai Business Secretary Co., Ltd.) Room 201, Building A, No. 1, Qianwan First Road, Qianhai Shengang Cooperative Area, Shenzhen City
Registry		Market Supervision Administration - Shenzhen City
Legal Representative		Liu Zhanglin
Legal Form		Limited Liabilities Company
Registered Capital		CNY 5,000,000.00
Latest Year of Annual Report		2016
Operation duration		Perpetual
Business Scope		Technology development and sales of electric components, temperature sensing, temperature measurement and temperature control components and their accessories and materials; Supply chain system design, operation and management; Information consultation (excluding limited items); Domestic trade (not including commodities which are under exclusive rights or under special control to purchase and monopolized commodities); Import and export business (excluding the items forbidden by law, regulations and state council; with license)
Management		Liu Zhanglin: Executive Director; General Manager; Yang Yan: Supervisor

BRANCHES

No branch information of subject

INVESTMENT IN OTHER COMPANIES

No investment information of subject

MANAGEMENT

Since subject is a Hong Kong company, no management staff information can be obtained.

JUDICIAL INFORMATION

DEFAULT EXECUTED PARTY

As of the reporting date, no related record about subject is found through below sources: