Damasceno Wines Setúbal
Share this

https://goparity.com/projects/damasceno-wines-set-bal-110

Damasceno Wines Setúbal

Treasury loan to Portuguese wine producer.
Investment overview
Impact category
Agrifood Systems
Investment type
Loan
Yearly interest
4.4
%
Term
12
months
Risk level
The Risk Rating is the result of our credit risk assessment, which looks at the promoter’s financial strength and the project’s viability. It’s shown from A+ (lowest risk) to D (highest risk) and helps you compare projects and make informed decisions.
A
D
C+

View more

Share this

https://goparity.com/projects/damasceno-wines-set-bal-110

Description
Impact
Financial viability
Promoter

The history of Vinhos Damasceno begins in 1870 in the town of Poceirão, Palmela with the birth of Domingos Damasceno de Carvalho, who would later name the wines.

In 2013, the first harvest of bottled wine under the IGP (Protected Geographical Indication) and DO (Name of Origin Denomination).

Currently, the company operates in their three properties with 25 hectares of vineyards between Palmela and Pegões, in the region of the Setúbal Peninsula. 2021 will be an important year as the company will start exploring another 20 hectares, to acquire them on a lease basis, in order to increase grape production for the production of common wines and, consequently, increase its turnover.

All production is done in an integrated production regime, based on good agricultural practices and the rational management of natural resources.

The company produces about 300 tons of grape, of which only 30% is used for its own production, with the surplus grapes being sold to other wine producers, the most relevant being Casa Ermelinda Freitas.

What is the impact?

Sustainable production

  • All production is carried out in an integrated production regime; the agricultural production system is based on good agricultural practices, with rational management of natural resources and privileging the use of natural regulation mechanisms in place of production factors, contributing, thus, to sustainable agriculture. The company Certis is responsible for the annual audit and issuance of the respective certificate.
  • Only approved/certified products that respect the standards imposed by the Ministry of Agriculture in environmental terms are used.
  • Preservation and improvement of soil fertility and biodiversity, through the use of humidity control sensors, to minimize water consumption and avoid water stress in the vineyards.

Gender equality promotion

70% of the workforce consists of women and the sole manager is a woman.

Sustainable job promotion

Due to a strong seasonal component characterizing this activity, during periods with less workload, the promoter encourages the professional training of his employees regarding agricultural management, handling, and application of products, organic production, etc.

Local development

The promoter employs two people with a permanent contract. On top of this, five other people have been working for the family for more than 30 years, now. Despite providing services to the promoter, they are employed by another local wine producer. This way, synergies are created. Finally, they have a "pool" of people hired for the manual pruning and harvest.

Impact indicators

34
hectars
of sustainable water and land management

Contribution to the Sustainable Development Goals

About the Promoter

About
Financipe - Gestão e Património

The history of Damasceno Wines began over a century ago when farmer Domingos Carvalho settled in the town of Poceirão, in the region of Setúbal, and built a 600-hectare estate called Herdade dos Carvalho's, where he planted vineyards to extract the best wine from the sandy soils.

With his death, the children share the property and the estate. Among them, the first son, José, stands out, who manages to considerably increase the production of oil and wine. José marries Maria Damasceno with whom he has five children.

When José dies, Domingos Damasceno de Carvalho (his eldest son) becomes the financial administrator of the estate, which he explores together with his three brothers.

In 2003, for the first time, the harvest was bottled under the designation of Domingos Damasceno de Carvalho, and the wines were sold in bulk until then.

In 2012, after capital injection from Finance, the project promoter, the brand was reborn with a new image, new investment, and a strong commitment to growing a business with history in one of the oldest wine regions in Portugal. Currently, the company owns the brands of the “Damasceno” universe, all activity is concentrated there and it is through it that it is expected to increase the production capacity of grapes and wine (in bulk and bottled).

It is also since that time that winemaker António Saramago ensures the quality of wines in the cellar with the latest technology. 

In the 23 hectares of vineyards, in addition to the most traditional varieties in the region, such as Moscatel, Moscatel Roxo, and Castelão, the promoter has his own production of red grapes such as Touriga Nacional, Alicante Bouschet, and Merlot. In white grape varieties, it produces Chardonnay, Antão Vaz, Arinto, Fernão Pires, Verdelho, and Viognier.

In the 20 hectares that will be explored from 2021, priority will be given to the planting of national varieties.

There have been several awards for wines at the national and international level, namely at the International Wine Challenge and Decanter World Wine Awards in London and Challenge International du Vin, in Bordeaux.

Promoter website

http://www.vinhosdamasceno.pt/

Business Model

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

Sign up to access the full details

Open account
Already have an account? Sign in
Campaign progress

0%

of target

2500000

Minimum

2500000

Target

2500000

Maximum

Project location
Setúbal
Auto-invest

Turn investments into a diversified strategy

Set your criteria once, and auto-invest will handle the rest. It matches your balance to new loan opportunities as they open, spreads it across projects automatically, and reinvests repayments as they come in. A consistent, diversified approach, without the manual effort.

Investment strategy app screen with risk rating, auto investment info, and photos of solar panels and a boat crane.

Need financing?

Raise capital from a community of impact-focused investors.

7.72% Portfolio IRR with stack icon, 60,000 Goparity users with user icon, large G logo on yellow background.

Download the app

Track projects, manage investments, and follow your returns.