Indian Ambience Vineyards
The Art of wine making is a passion that is handed down from generation to generation by families who guard the secrets close to their hearts
The promoters are agriculturist and presently own about 21 acres of land in the Bidar District of Karnataka and 7 acres of Land in Usmanabad District of Maharshtra worth of 108.95 Lacs and properties worth Rs. 79.80 Lacs as valued on 4th December 2008.
For the first two years the Promoters sold the grape fruit to the erstwhile Sula Winery at Nasik, and ever since the Karnataka State announced the Grape Processing and Wine Policy in 2007 the Promoters decided to make value addition to their agricultural produce and entered in wine manufacturing themselves and take advantages of the various government schemes.
The Company was incorporated on 26th June 2007, under the Chairpersonship of Mrs. Shalini Sanjeev Wadikar holding 90% shares i.e. 18000 shares and Mr. Baburao Sundappa Wadikar holding 10% shares i.e. 2000 shares. The Authorised Share capital is Rs. 50, 00,000/- containing 500000 shares.
Mrs. Shalini Wadikar is a housewife aged about 34 years and is a farmer by tradition and also supervises the farming activity, and has been a grape grower since the last 8 years.
Mr. Baburao Wadikar aged about 67 years is basically a farmer and formerly was engaged in Betel leaf farming since the last 50 years and a grape grower since the last 8 years.
PROJECT AT A GLANCE
When the project was conceived in the year 2007 the capacity was launched to manufacture 200000 litres of Wine, today the capacity is increase to 500000 litres per batch.
The Bankers to this project are State Bank of Hyderabad – Basavkalyan Branch who has sanctioned a Term Loan of Rs. 200 Lacs, and Working Capital of Rs. 50 Lacs. The mortgage on these loans is the property worth Rs. 188.75 as Collateral Security.
As at 31.12.2010 our Investment in Fixed Assets stands at Rs. 2.75 Crores, whilst the Balance Sheet shows a balance of Rs. 1.97 Crores thus meaning the additions during the year were funded by the promoters to the tune of Rs. 84.52 Lacs., and Current assets grew from Rs. 2.59 Crores to Rs. 3.03 Crores thus making an investment of Rs. 44 lacs in business by promoters. Increase of Rs. 1.29 Crores.
Ever since the launching of the brand in the South Markets where we have already created ripples in the market and are giving the competitors a run for their money, we are expected to touch a Sale of Rs. 2.17 Crores as at 31.3.2011.