Share
100% funded by 163 investors
Damasceno Wines Setúbal
Setúbal, PT
instalment
monthly
term
1 year
yearly interest
4.4%
risk rating
C+
Treasury loan to Portuguese wine producer.
Description
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.
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
Hectares for biodiversity
Contribution to the Sustainable
Development Goals
Sustainable Development Goals
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Financial viability
The funds raised through this campaign will be used as a treasury loan until Casa Ermelinda Freitas makes full payment for the surplus grapes that are provided to it annually, which occurs in December of each year.
Download Key Investment Information Sheet
Guarantees
Guarantee of the partners: Mário Franclim Assis Lobo and Enoinveste Global, S.A.
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.
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.
Business Model
Annually, the company produces about 300 tons of quality grapes. Part of this production is intended for the production of own wine that is sold under the brands Nocturno (entry range), Damasceno (premium) and, more recently, D. Pedro V (super-premium). The surplus of the grape is sold to other wine producers, namely Casa Ermelinda Freitas.
In 2018, only 30% of the grapes produced were vinified, which gives the promoter enormous growth and security potential for the future development of the company.
Portugal is the most relevant market, absorbing 60% of production, and in recent years, the bet on internationalization has been very successful, with Dubai and Denmark representing the main export markets. Additionally, the company also exports to Switzerland, the Netherlands, Japan, Brazil, Germany, the United Kingdom and China.
The company's growth has been based on niche markets - wine cellars and the Horeca channel - to the detriment of Large Distribution.
Active since
2003
Fiscal country
PT
Operating In
Setúbal
Industry
Agriculture
Number of Goparity Loans
2
Women Shareholders
No
Website
http://www.vinhosdamasceno.pt/Updates
2022-09-13
Loan restructuring
This loan has been restructured as following: introduction of 12 months grace period for the capital amortization and a 12 months extension to the project term. Since the loan term increased 12 months or more in comparison with the initial conditions, the risk classification was changed to R.
2021-03-02
Project Update
The promoter has advised that the project is being implemented according to the inicial projection, and that they are currently pruning and applying the organic compounds on the vines.
About 40% of the project has been implemented.
2021-02-04
First payment
First instalment was paid to all the investors
2021-01-01
100% funded
158 investors successfully raised 25.000€
2020-12-24
Open for investment
This campaign is open for investment
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4º Esq
1070-289 Lisboa
Portugal
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