MIRA INFORM REPORT

Report No. :	481608
Report Date :	02.01.2018

IDENTIFICATION DETAILS

Name :	IG DESIGN GROUP AMERICAS, INC.
Registered Office :	1075 Peachtree Street NE, Suite 2500, Fulton, Atlanta, GA, 30309
Country :	Georgia
Year of Establishment	1979
Legal Form :	Domestic Profit Corporation
Line of Business :	· Commercial Printing (except Screen and Books) · Offices of Other Holding Companies · Commercial Printing (except Screen and Books) · Commercial Printing, Nec · Holding Companies, Nec · Commercial Printing, Lithographic
No. of Employees :	225

RATING & COMMENTS

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

MIRA’s Rating :

A+

Credit Rating	Explanation	Rating Comments
A+	Low Risk	Business dealings permissible with low risk of default

Status :	Good
Payment Behaviour :	Regular
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)
Georgia	C1	C1

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

GEORGIA - ECONOMIC OVERVIEW

Georgia's main economic activities include cultivation of agricultural products such as grapes, citrus fruits, and hazelnuts; mining of manganese, copper, and gold; and producing alcoholic and nonalcoholic beverages, metals, machinery, and chemicals in small-scale industries. The country imports nearly all of its needed supplies of natural gas and oil products. It has sizeable hydropower capacity that now provides most of its energy needs.

Georgia has overcome the chronic energy shortages and gas supply interruptions of the past by renovating hydropower plants and by increasingly relying on natural gas imports from Azerbaijan instead of from Russia. Construction of the Baku-T'bilisi-Ceyhan oil pipeline, the South Caucasus gas pipeline, and the Kars-Akhalkalaki railroad are part of a strategy to capitalize on Georgia's strategic location between Europe and Asia and develop its role as a transit hub for gas, oil, and other goods.

Georgia's economy sustained GDP growth of more than 10% in 2006-07, based on strong inflows of foreign investment and robust government spending. However, GDP growth slowed following the August 2008 conflict with Russia, and sunk to negative 4% in 2009 as foreign direct investment and workers' remittances declined in the wake of the global financial crisis. The economy rebounded in the period 2010-16, but FDI inflows, the engine of Georgian economic growth prior to the 2008 conflict, have not recovered fully. Unemployment has also remained high.

The country is pinning its hopes for renewed growth on a continued effort to liberalize the economy by reducing regulation, taxes, and corruption in order to attract foreign investment, with a focus on hydropower, agriculture, tourism, and textiles production. Georgia has historically suffered from a chronic failure to collect tax revenues; however, since 2004 the government has simplified the tax code, increased tax enforcement, and cracked down on petty corruption, leading to higher revenues. Georgia plans to improve the domestic investment environment through a four-year economic plan targeting the tax system, educational standards, infrastructure, and governance. The government has received high marks from the World Bank for improvements in business transparency. Since 2012, the Georgian Dream-led government has continued the previous administration's low-regulation, low-tax, free market policies, while modestly increasing social spending, strengthening anti-trust policy, and amending the labor code to comply with International Labor Standards. In mid-2014, Georgia signed an association agreement with the EU, paving the way to free trade and visa-free travel. Georgia is also seeking to expand trade with China, concluding substantive negotiations on a trade agreement in October 2016.

Source : CIA

STATUTORY INFORMATION

Legal Name:

IG Design Group Americas, Inc.

Trade Name:

IG Design Group

ID:

07006361

Date Created:

1979

Date Incorporated:

1/22/2007

Legal Address:

Jeffrey D. Cunningham (Registered Agent)

1075 Peachtree Street NE, Suite 2500, Fulton, Atlanta, GA, 30309, USA

Operative Address:

338 Industrial Blvd

Midway, GA, 31320 United States

Telephone:

(912) 884-9727

+1 770 551 9727

Fax:

+1 770 512 7660

Legal Form:

Domestic Profit Corporation

Email:

info@thedesigngroup.com

Registered in:

Georgia

Website:

www.thedesigngroup.com/group/americas/

Contact:

John Charlton, Chairman

Staff:

225

Activity:

NAICS 1: Commercial Printing (except Screen and Books)

NAICS 2: Offices of Other Holding Companies

NAICS 3: Commercial Printing (except Screen and Books)

SIC 1: Commercial Printing, Nec

SIC 2: Holding Companies, Nec

SIC 3: Commercial Printing, Lithographic

BANKS

The company does not make its banking data public

HISTORY

The company was founded in 1979

Key Developments:

Design Group’s story begins in 1979, when Scandinavian Design was founded to design, manufacture and supply gift wrap to retail and wholesale customers. After rapid growth, they rebranded as International Greetings in 1989 – to reflect its evolution into an international business.

As the Group grew, companies including Belgrave Graphics, Hy-Sil Massachusetts and Britesparks joined, before International Greetings plc floated on the London Stock Exchange in 1995.

Through mergers and acquisitions and organic growth, International Greetings plc continued to grow, with group businesses spread across the globe.

Last year, they rebranded as Design Group, to bring together their entire family of companies under one unified identity and set of values.

PRINCIPAL ACTIVITY

IG Design Group is a large organization in the commercial printing companies industry located in USA.

Products/Services description:

IG Design Group Americas Inc. manufactures gift packaging, greeting cards, party ware, stationery, creative play, and gifting products.

IG Design Group Americas, Inc. is an internationally acclaimed Gift Wrap, Gift Bag, Greeting Card, Calendar, Creative Play, and Stationery business.

The Group operates in the UK, Europe, Asia, Australia and the Americas, giving them access to marketplaces across the globe.

Brands:

Creative Presence

DesignFocus

The Gift Wrap Company

The Honeydew Collective

LANG

Moments To Treasure

PaperCraft

Stephen Lawrence

Turner Licensing

Wells Street by LANG

Sales are:

Wholesale

Clients:

Currently, products by Design Group are sold in over 200,000 retail outlets across more than 80 countries.

Their customer list includes supermarkets, high-street, fashion and online retailers around the world.

Suppliers:

PAPER INNOVATIONS LTD

UK

Fuzhou Light Industry Imp. & Exp. Co., Ltd.

China

Mit Lasertech Corp.

Taiwan

Operations area:

National and International

The company imports from

UK, China and Taiwan

The company exports to

Worldwide

The subject employs

225 employees

Payments:

Regular

LOCATION

Headquarters :

338 Industrial Blvd

Midway, GA, 31320 United States

Comments:

NA

Branches:

5555 Glenridge Connector

Suite 300

Atlanta, Georgia 30342, USA

12 Pope Street

Hudson,

MA 01749, USA

Related Companies:

The Lang Company, Inc.

540 South 13th Street

Louisville, KY 40203

United States

ANKER PLAY PRODUCTS INC

420 Lincoln Road

Suite 340

Miami Beach

Florida, 33139

USA

ASIA – INTERNATIONAL GREETINGS ASIA LIMITED – HONG KONG

21F, 69 Jervois Street

Sheung Wan

Hong Kong

Anker International PLC.

Howard House

Howard Way

Interchange Park

Newport Pagnell, MK16 9PX

United Kingdom

Ig Design Group UK Limited

Unit 2-8

Hengoed, CF82 7SS

Wales

EUROPE – HOOMARK BV – HOOGEVEEN, NETHERLANDS

Industrieweg 62

7903 AK Hoogeveen

The Netherlands

EUROPE – HOMARK SP. Z.O.O. – ZGORZELEC, POLAND

Jedrzychowice 116A

59-900

Zgorzelec

Poland

GROUP STRUCTURE AND SUBSIDIARY COMPANIES

Listed at the stock exchange:

NO

Capital:

NA

Shareholders:

This is a private company. IG Design Group Americas Inc. operates as a subsidiary of IG Design Group Plc.

7 Water End Barns

Milton Keynes, MK17 9EA

England

Management:

John Charlton, Chairman

Lester Kiene, Chief Financial Officer; Vice President

Lawrence Louis, President Of Sales

Gideon Schlessinger, Chief Executive Officer

Gwen Liu, Chief Financial Officer

FINANCIAL INFORMATION

The company does not make its financial statements public. The following information has been provided by private sources:

USD 2016

Revenue

103,430,000

Cash flow

Normal

LEGAL FILINGS

CASES

No found

RENEWAL HISTORY

Filing Number	Filing Date Time	Effective Date	Filing Type
1334155	1/22/2007 12:00:00 AM	-	Business Formation
6412246	2/26/2007 2:43:55 PM	-	Annual Registration(2007)
5937982	6/26/2007 12:00:00 AM	-	Business Amendment
7221343	3/14/2008 11:56:38 AM	-	Annual Registration(2008)
6266590	4/23/2008 12:00:00 AM	-	Survivor
7035552	11/14/2008 12:00:00 AM	-	Business Amendment
7858573	3/12/2009 14:40	-	Annual Registration(2009)
8054781	1/4/2010 17:37	-	Annual Registration(2010)
8675333	3/15/2011 5:08:25 PM	-	Annual Registration(2011)
9403146	3/1/2012 11:20	-	Annual Registration(2012)
9883861	2/1/2013 16:19	-	Annual Registration(2013)
11215861	2/7/2014 15:01	-	Annual Registration(2014)
12164395	9/17/2015 12:50:08 PM	9/17/2015	Annual Registration(2015)
12386416	1/7/2016 14:51	1/7/2016	Annual Registration(2016)
13198421	6/9/2016 11:40	6/9/2016	Annual Registration(2016)
13199934	6/10/2016 12:01	6/10/2016	Annual Registration(2016)
13751334	12/13/2016 9:42:35 AM	12/9/2016	Business Amendment Name Change
14487293	4/20/2017 10:59:01 AM	4/20/2017	Annual Registration(2017)

UCC

No records found

OFAC

Sanctions List Search

The company is not listed in the OFAC list.

SUMMARY

Founded in 1979, IG Design Group is a large organization in the commercial printing companies industry located in USA.

The company has approximately 225 full-time employees and generates an estimated USD103,43 million in annual revenue.

It mainly imports from UK, China and Taiwan and exports worldwide, operating within national and international markets.

IG Design Group Americas Inc. operates as a subsidiary of IG Design Group Plc. (England).

This has been an ACTIVE company incorporated in GEORGIA in 2007.

RISK INFORMATION

DEBTS

Controlled

PAYMENTS

Regular

CASH FLOW

Normal

STATUS

ACTIVE

INTERVIEW

NAME

Lisa

POSITION

Operator

COMMENTS

She confirmed legal name, trade name, address, website, email, telephone, fax, principal activity and operations area.

She explained that the company has offices in the USA and worldwide.

She could not confirm staff number.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.67
UK Pound	1	INR 85.90
Euro	1	INR 76.41
GEL	1	INR 24.57

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

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	NIT

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)

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