MIRA INFORM REPORT

Report No. :	505280
Report Date :	26.04.2018

IDENTIFICATION DETAILS

Name :	DURRANT GRAPHICS, INC
Registered Office :	3644 Avenida Callada Calabasas Ca 91302 United States
Country :	United States
Financials (as on) :	2016
Date of Incorporation :	25.10.2010
Legal Form :	Domestic Stock
Line of Business :	Subject provides Graphic Design Services in California, USA.
No. of Employees :	1

RATING & COMMENTS

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

MIRA’s Rating :

B

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

Status :	Moderate
Payment Behaviour :	Slow but Correct
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 (30.09.2017)	Current Rating (31.12.2017)
United States	A1	A1

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

UNITED STATES - ECONOMIC OVERVIEW

The US has the most technologically powerful economy in the world, with a per capita GDP of $59,500. US firms are at or near the forefront in technological advances, especially in computers, pharmaceuticals, and medical, aerospace, and military equipment; however, their advantage has narrowed since the end of World War II. Based on a comparison of GDP measured at purchasing power parity conversion rates, the US economy in 2014, having stood as the largest in the world for more than a century, slipped into second place behind China, which has more than tripled the US growth rate for each year of the past four decades.

In the US, private individuals and business firms make most of the decisions, and the federal and state governments buy needed goods and services predominantly in the private marketplace. US business firms enjoy greater flexibility than their counterparts in Western Europe and Japan in decisions to expand capital plant, to lay off surplus workers, and to develop new products. At the same time, businesses face higher barriers to enter their rivals' home markets than foreign firms face entering US markets.

Long-term problems for the US include stagnation of wages for lower-income families, inadequate investment in deteriorating infrastructure, rapidly rising medical and pension costs of an aging population, energy shortages, and sizable current account and budget deficits.

The onrush of technology has been a driving factor in the gradual development of a "two-tier" labor market in which those at the bottom lack the education and the professional/technical skills of those at the top and, more and more, fail to get comparable pay raises, health insurance coverage, and other benefits. But the globalization of trade, and especially the rise of low-wage producers such as China, has put additional downward pressure on wages and upward pressure on the return to capital. Since 1975, practically all the gains in household income have gone to the top 20% of households. Since 1996, dividends and capital gains have grown faster than wages or any other category of after-tax income.

Imported oil accounts for more than 50% of US consumption and oil has a major impact on the overall health of the economy. Crude oil prices doubled between 2001 and 2006, the year home prices peaked; higher gasoline prices ate into consumers' budgets and many individuals fell behind in their mortgage payments. Oil prices climbed another 50% between 2006 and 2008, and bank foreclosures more than doubled in the same period. Besides dampening the housing market, soaring oil prices caused a drop in the value of the dollar and a deterioration in the US merchandise trade deficit, which peaked at $840 billion in 2008. Because the US economy is energy-intensive, falling oil prices since 2013 have alleviated many of the problems the earlier increases had created.

The sub-prime mortgage crisis, falling home prices, investment bank failures, tight credit, and the global economic downturn pushed the US into a recession by mid-2008. GDP contracted until the third quarter of 2009, the deepest and longest downturn since the Great Depression. To help stabilize financial markets, the US Congress established a $700 billion Troubled Asset Relief Program (TARP) in October 2008. The government used some of these funds to purchase equity in US banks and industrial corporations, much of which had been returned to the government by early 2011. In January 2009, Congress passed and former President Barack OBAMA signed a bill providing an additional $787 billion fiscal stimulus to be used over 10 years - two-thirds on additional spending and one-third on tax cuts - to create jobs and to help the economy recover. In 2010 and 2011, the federal budget deficit reached nearly 9% of GDP. In 2012, the Federal Government reduced the growth of spending and the deficit shrank to 7.6% of GDP. US revenues from taxes and other sources are lower, as a percentage of GDP, than those of most other countries.

Wars in Iraq and Afghanistan required major shifts in national resources from civilian to military purposes and contributed to the growth of the budget deficit and public debt. Through FY 2018, the direct costs of the wars will have totaled more than $1.9 trillion, according to US Government figures.

In March 2010, former President OBAMA signed into law the Patient Protection and Affordable Care Act (ACA), a health insurance reform that was designed to extend coverage to an additional 32 million Americans by 2016, through private health insurance for the general population and Medicaid for the impoverished. Total spending on healthcare - public plus private - rose from 9.0% of GDP in 1980 to 17.9% in 2010.

In July 2010, the former president signed the DODD-FRANK Wall Street Reform and Consumer Protection Act, a law designed to promote financial stability by protecting consumers from financial abuses, ending taxpayer bailouts of financial firms, dealing with troubled banks that are "too big to fail," and improving accountability and transparency in the financial system - in particular, by requiring certain financial derivatives to be traded in markets that are subject to government regulation and oversight.

In December 2012, the Federal Reserve Board (Fed) announced plans to purchase $85 billion per month of mortgage-backed and Treasury securities in an effort to hold down long-term interest rates, and to keep short-term rates near zero until unemployment dropped below 6.5% or inflation rose above 2.5%. The Fed ended its purchases during the summer of 2014, after the unemployment rate dropped to 6.2%, inflation stood at 1.7%, and public debt fell below 74% of GDP. In December 2015, the Fed raised its target for the benchmark federal funds rate by 0.25%, the first increase since the recession began. With continued low growth, the Fed opted to raise rates several times since then, and in December 2017, the target rate stood at 1.5%.

In December 2017, Congress passed and President Donald TRUMP signed the Tax Cuts and Jobs Act, which, among its various provisions, reduces the corporate tax rate from 35% to 21%; lowers the individual tax rate for those with the highest incomes from 39.6% to 37%, and by lesser percentages for those at lower income levels; changes many deductions and credits used to calculate taxable income; and eliminates in 2019 the penalty imposed on taxpayers who do not obtain the minimum amount of health insurance required under the ACA. The new taxes took effect on 1 January 2018; the tax cut for corporations are permanent, but those for individuals are scheduled to expire after 2025. The Joint Committee on Taxation (JCT) under the Congressional Budget Office estimates that the new law will reduce tax revenues and increase the federal deficit by about $1.45 trillion over the 2018-2027 period. This amount would decline if economic growth were to exceed the JCT’s estimate.

Source : CIA

STATUTORY INFORMATION
Legal Name:	DURRANT GRAPHICS, INC.
Trade Name:	DURRANT GRAPHICS
ID:	C3328711
Date Created:	2010
Date Incorporated:	10/25/2010
Legal Address:	3644 AVENIDA CALLADA CALABASAS CA 91302 UNITED STATES
Operative Address:	3644 Avenida Callada, Calabasas, CA 91302 USA
Telephone:	855-5-438465
Fax:	NA
Legal Form:	DOMESTIC STOCK
Email:	info@durrantgraphics.com
Registered in:	CALIFORNIA, USA
Website:	www.durrantgraphics.com
Contact:	BRETT DURRANT, Chief Executive Officer
Staff:	1 Employee
Activity:	SIC Code: 7336, Commercial Art and Graphic Design NAICS Code: 541430, Graphic Design Services
BANKS:
	The company does not make its banking data public
HISTORY:
	Durrant Graphics, Inc. was created and incorporated in 2010 in California.
PRINCIPAL ACTIVITY
	Durrant Graphics Inc. , provides Graphic Design Services in California, USA.
Products/Services description:	HANG TAGS POCKET FLASHERS CARE LABELS WOVEN / PRINTED LABELS HEAT TRANSFERS POLY BAGS RETAIL BAGS / BOXES PACKAGING RIBBONS / TAPE SECURITY LABELS / TAGS BUTTONS / RIVOTS / SNAPS TRADE SHOW GRAPHICS VINYL BANNERS / LABELS SIGNAGE / WINDOW CLING BUSINESS MARKETING BOOKLETS BOOKMARKS BROCHURES BUSINESS FLYERS CATALOGS CIRCLE BUSINESS CARDS DOOR HANGERS GIFT CERTIFICATES MAGAZINES MAGNETS MULTI-PAGE NEWSLETTERS PERSONALIZED PENS POSTCARDS PRESENTATION FOLDERS RACK CARDS RIP CARDS SALES SHEETS EVENT MARKETING BACKDROPS BULK POSTERS CLUB CARD FLYERS DIE-CUT FLYERS EVENT TICKETS LARGE FORMAT POSTERS RAFFLE TICKETS WINDOW CLINGS BUSINESS STATIONERY & FORMS 1-COLOR ENVELOPES ADDRESS / RETURN ADDRESS LABELS APPOINTMENT CARDS BAND STICKERS BULK STICKERS BUSINESS STICKERS BUSINESS CARD MAGNETS CUT TO SIZE STICKERS CUT TO SIZE LABELS CLEAR STICKERS CARBONLESS FORMS DIE-CUT STICKERS DIE CUT BUSINESS CARDS FOLDED BUSINESS CARDS FULL COLOR COPIES FULL COLOR ENVELOPES LOGO STICKERS LETTERHEADS MINI BUSINESS CARDS NAME LABELS NCR FORMS NOTEPADS OVAL STICKERS PROMOTIONAL STICKERS ROLL ADDRESS / RETURN ADDRESS LABELS ROLL SHIPPING & MAILING LABELS ROLL NAME LABELS ROLL LABELS ROLL STICKERS ROLODEX CARDS ROUND STICKERS ROUNDED CORNER BUSINESS CARDS RUBBER STAMPS SQUARE BUSINESS CARDS SHIPPING & MAILING LABELS STANDARD BUSINESS CARDS RESTAURANT MARKETING DINE-IN MENUS COUNTER CARDS POCKET MENUS TABLE TENTS TAKE OUT MENUS RETAIL PACKAGING BEER LABELS BEVERAGE LABELS BOTTLE LABELS BOXES CANNING LABELS CANDLE LABELS CLEAR LABELS CD/DVD SLEEVES COVERS DIE CUT HANG TAGS DVD / BLURAY COVERS DVD CASE COVERS FOLDED HANG TAGS FOOD LABELS HANG TAGS HEADER CARDS HEALTH & BEAUTY LABELS JAR LABELS OVAL LABELS PACKAGING LABELS PACKAGING SLEEVES PRODUCT LABELS ROLL BEER LABELS ROLL BEVERAGE LABELS ROLL BOTTLE LABELS ROLL CANDLE LABELS ROLL CANNING LABELS ROLL HEALTH & BEAUTY LABELS ROLL FOOD LABELS ROLL JAR LABELS ROLL PACKAGING LABELS ROLL PRODUCT LABELS ROLL SOAP LABELS ROLL WINE LABELS ROLL WATERPROOF LABELS ROLL WATER BOTTLE LABELS ROLL WARNING LABELS ROLL VINYL LABELS ROUND LABELS SHEET LABELS SOAP LABELS STANDARD HANG TAGS STRAIGHT TUCK END BOXES WARNING LABELS WATERPROOF LABELS WATER BOTTLE LABELS WINE LABELS VINYL LABELS VINYL STICKERS SIGNS & BANNERS A-FRAME REPLACEMENT SIGNS BUMPER STICKERS CAR DOOR MAGNETS CUSTOM SIGNS FEATHER FLAGS MESH BANNERS MOUNTED POSTERS REPLACEMENT FEATHER FLAGS PLASTIC SIMPO A-FRAME SIGNS POP UP DISPLAYS POP UP REPLACEMENT DISPLAY RETRACTABLE BANNERS STEP AND REPEAT BANNERS STICKY BACK POSTERS VINYL BANNERS WALL DECALS WINDOW DECALS X-STAND BANNERS YARD SIGNS STICKERS BAND STICKERS BULK STICKERS BUMPER STICKERS BUSINESS STICKERS CAMPAIGN STICKERS CLEAR STICKERS CUSTOM STICKERS DIE CUT STICKERS LOGO STICKERS OVAL STICKERS ROLL STICKERS PROMOTIONAL STICKERS ROUND STICKERS STICKER SHEETS VINYL STICKERS HOLIDAY & OCCASSIONS CALENDARS GREETING CARDS HOLIDAY CARDS INVITATIONS SAVE THE DATE CARDS SAVE THE DATE MAGNETS THANK YOU CARDS
Brands:	No brands registered.
Sales are:	Retail
Clients:	UGG Australia, Adidas, Cherokee, Dallas Cowboys, Fabletics, JustFab and Paige, Lucky Group, Mercedes Benz, Foster Farms, UTI, Marco Bicego and Everyday California.
Suppliers:	NA
Operations area:	National and International
The company exports to	Australia
The subject employs	1 Employee
Payments:	Slow but Correct
LOCATION
Headquarters :	3644 Avenida Callada, Calabasas, CA 91302 USA
Comments:	NA
Branches:	The company does not have branches.
Main Competitors	Silverfrog
Related Companies:	The company does not have related companies.
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders:	This is a private company. We could not confirm major holders.
Management:	BRETT DURRANT, Chief Executive Officer
FINANCIAL INFORMATION
	The company does not make its financial statements public. The following information has been provided by private sources:
USD 2016
Sales	89 241
Cash flow	Normal
LEGAL FILINGS
Patents	NA
Trademarks:	NA
Lawsuits:	No found
UCC:	NA
Government Contracts:	NA
Renewal History	NA
OFAC Sanctions List Search:	The company is not listed in the OFAC list.
SUMMARY
	Durrant Graphics, Inc is a privately held company in West Hills, CA and is a Single Location business. Categorized under Graphic Designers. Our records show it was established in 2011 and incorporated in CA. Current estimates show this company has an annual revenue of USD 89,241 and employs a staff of approximately 1. It mainly exports to Australia, but does not show any import records. It is ACTIVE in CALIFORNIA, USA; with no negative records.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	Slow but Correct
CASH FLOW	Normal
STATUS	ACTIVE
INTERVIEW
NAME	NA
POSITION	Secretary
COMMENTS	She said she is not encouraged to take calls regarding information about the company.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 66.7
UK Pound	1	INR 93.14
Euro	1	INR 81.43
USD	1	INR 66.83

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	NIY
Report Prepared by :	KET

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.