The image presents a logo featuring the letters "MS" in red and gray, set against a black background. The logo is centered within a circular design, with the letters positioned inside the circle.

- *Logo:*
- The logo consists of the letters "M" and "S".
- The letter "M" is displayed in red, while the letter "S" is shown in gray.
- Both letters are capitalized.
- *Circular Design:*
- The circular design is incomplete, with gaps at the top and bottom.
- It features two curved lines that form the circle's shape.
- The outer line of the circle is red, while the inner line is gray.
- *Background:*
- The background of the image is solid black.
- *Watermark:*
- A watermark reading "dreamstime" is visible across the center of the image.

In summary, the image showcases a logo with the letters "MS" in red and gray, surrounded by a circular design on a black background.