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May 2011 - Posts
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 Wine Turns ‘’Liquid Asset’’ for Indians May 15th , 2011 – Mumbai, –
Globus Wines
establishes a separate division focusing on Custom Built Wine Cellars and Wine
Investments for vivid collectors. The companies ‘’Liquid Asset Management’’
division allows wine lovers to take advantage of a range of services built
around them. Speaking on the occasion, Founder, Karan Jain commented ‘’
Recognising and understanding today’s wine market, we wanted to offer
Professional services for ‘’purchase’’ and ‘’storage’’ of Fine Wine that enhance
the overall experience of wine lover.
We are pleased that our Liquid Asset Division is able to answers many such
problems to individuals and hoteliers without having to worry about getting it
wrong.’’ The companies custom Built Cellars are ideal for those wishing to store
wines professionally at comfort of home. It is ideally suited for those people
that entertain large number of friends on regular basis. The Cellars are
professional built and start from as little as £20,000 upwards (500 bottle)
requiring space of 200 sq ft or above. All Cellars from Globus Wines are
complete with insulating, wine cooling systems, flexible racking of storing
various bottle sizes and humidity controlled doors included in price. The cost
of building a professional Cellar is fraction to purchasing read-made wine
storage units and the company believes that anyone who wishes to make a
statement would prefer to build a custom cellar instead of buying ready to use
units. The other range of services under ‘’Investment Division’’ is useful tool
to help vivid collectors that wish to buy and collect investment graded wines on
regular basis. All purchases are under U.K laws to ensure peace. When purchasing
investment graded wine, the company will always;
1) Buy wine at wholesale prices for personal drinking or building up
professional Cellar.
2) Store under customer managed account thereby eliminating the need of possible
fraud as wines cannot be traded unless customer permits in writing to do so.
3)
Store wine in Regulated bonded warehouse in London or Paris
4) Store wine under
insurance at full market value.
5) Offer advise from time-to-time.
The company is already building 2 new Cellars in Mumbai each custom made to hold
500 and 1300 bottles respectively.
Contact:
Globus Wines Pvt Ltd
Tel: +91 22 28765810
Contact Person: Karan Jain E-mail:
info@globuswines.com
About
Globus Wines is an entrepreneurial venture setup in 2004. Pioneered with a
vision of growing, and exporting the best quality Wines, Globus Wines has set a
strong foothold in the Wine industry in little time. Its production facilities
as well as collaborative setups in India & France and an office in UK & India
ensure a global reach. With strong ethical values which form an integral element
of its culture and a passion to grow world-class wines, Globus Wines is set to
evolve the Industry with the choicest wines, consumed in the finest fashion.
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Reveilo is delighted to unveil yet another mystery, the Tuscan varietal – Sangiovese.
Reveilo has completed its Italian trilogy this year providing the consumer with an authentic Italian experience.
It will be our pleasure if you could join us to raise your glasses in celebration on this special occasion.
The Venue, Date, Time are as follows:
Venue: Escobar, Linking Rd, Bandra (W), (Above V.N Jewellers), Mumbai.
Date: 29th May 2011, Time: 7.30 p.m. onwards.
To get an invite to this event, contact: www.reveilo.com
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Globus Wines has established a separate division focussing on custom-built wine cellars and wine investments for vivid collectors.
Founder Karan Jain said, “Recognising and understanding today’s wine market, we wanted to offer professional services for purchase and storage of fine wine that enhance the overall experience for a wine lover. We are pleased that our Liquid Asset Division is able to address many such problems of individuals and hoteliers.”
The company’s custom-built cellars are ideal for those wishing to store wines professionally at comfort of their homes. It is best suited for those who entertain friends on regular basis. The cellars are professionally built and start from £20,000 upwards (500 bottle) requiring a space of 200 sq. ft or above.
More: fnbnews
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The owners of Vallée de Vin are said to be in talks to buy a significant stake in India's Grover Vineyards. The Nasik-based winery is close to finalising a deal to buy Grover shares held by Louis Vuitton Moet Hennessey (LVMH) and Indian-based distribution company Brindco. The move would create India's second largest winery behind the dominant Sula Vineyards.
The winery is run by managing director Ravi Jain and owner Deepak Roy, two former entrepreneurial allies of UB Group chairman Vijay Mallya.
Sources said Kapil Grover family will hold at least 33% after the merger with Vallée de Vin. Grover's other investor, ex-Citibanker and entrepreneur Jerry Rao, will continue to be a shareholder in the combined entity. A merger of the two wineries would help Vallée de Vin overcome restrictive distribution access into India's second largest grape growing region Karnataka near Bangalore and in turn, Grover will have greater access to Mumbai based in Maharashtra.
Vallée de Vin and Grover Vineyards have both refused to comment on the deal.
More: harpers.co.uk
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Wineessentially, FineWinesnMore’s exclusive wine platform for American Express Platinum Charge members hosted a Mumbai event celebrating ‘Arte della tavola,’ Art of the table, at JW Marriott, on Friday the 13th. Wineessentially’s resident wine consultant Craig W.Wedge was the host for the evening.
Chardonnay from the family estates of Salvatore Ferragamo and Dolcetto from Piedmonts powerhouse producer Casa Fontanfredda, both being suitably challenged by Fratelli Chenin Blanc, and Cabernet Sauvignon.
The first event for Wineessentially at the JW Marriott, provided the unique opportunity to experience wines from Central and Northern Italy, and the new vanguard of Indian producers, Fratelli vineyards from the hills of Sholapur.
Kapil Sekhri one of the 6 brother owners of Indian wine producer Fratelli Wines and Dharti Desai, Founder & CEO FineWinesnMore were also on hand to ensure a warm northern Mumbai welcome to the guests upon their arrival.
Celebrity Chef Fabio Polidori and the kitchen team ensuring the evening’s culinary creations were as far ranging as the wines styles.
Those fortunate enough to attend witnessed something very rare indeed, very well made Indian wine going head to head with the wines of Super Italy…and standing firm.
More: fratelli wines
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ALL INDIA WINE PRODUCERS ASSOCIATION
Regd. No. 1358 /1996: Regd. Office: Indage House, Worli, Mumbai - 400 018.
Correspondence Address: 7, Prince Tower, Tidke Colony, Near Kute Eye
Hospital, Nashik 422002, Maharashtra, India. Telfax 91 253
- 2310612 www.allindiawine.com Email
ID: info@allindiawine.com
![]() Date:
12.05.2011
To,
The
Commissioner,
Excise, Entertainment @ Luxury Taxes,
Government of NCT of Delhi,
L-Block, Vikas Bhavan,
I. P.
Estate, New Delhi – 110002.
Sub: Delhi
State Excise Policy for Wine 2011-2012.
Ref: 1:
Our meeting held on 15th March
2011 in presence of Hon. Shri. Sharad Pawar, Minister for Agree and MOFPI,
GOI at New Delhi.
2: AIWPA meeting with you and Shri Mishra Saheb, Collector, Excise at your
office dated 16th March
2011.
BACKGROUND:
Keeping the Grape Grower in view as
the main beneficiary, Government of Maharashtra created a Wine Policy in
2001 and Govt. Of Karnataka in 2007, which would bring value addition to a
perishable crop like grape and the Grape Growers will get remunerative
prices for their grape production. At
the same time, the wine industry will prosper and create employment
generation in rural areas. Also it promotes health drink hobbit in society
and prevents to consume hard liquor. This Wine Policy offers excise holidays
and other concessions for the wines produced in Maharashtra and Karnataka
state. Other states of the country following the Maharashtra and Karnataka
state grape policy.
State Government is promoting this industry to
achieve following Objectives.
— Agro
- Based Industry.
— Value
Addition to Agri.- produce.
— Food
Processing Industry which converts highly perishable grapes in to
non-perishable.
— Major
rural employment generating tool for unskilled labours.
— Food
based (part of food) alcoholic beverage.
— Tiny
Industry which encourage first generation entrepreneurs amongst the farmers.
— Promote
Agro-Tourism.
— Overall
Rural Development
— Health
drinks habit in society and prevents to consume hard liquor.
There are huge entry barriers for
the wines in most of the states of India, and treating this product as
liquor.
We suggested some changes to
withdraw the entry barriers for small producers to sale Indian Wines in New
Delhi.
Accordingly, We acknowledge here the efforts
and moral support given by you in helping the Indian Wine industry to make
Delhi Excise wine policy quite
liberal and this will be of immense help to
small wine producers struggling for the survival along with grape growers.
Now the entry point barriers for the
small and medium entrepreneurs in the state
of Delhi have been removed and now they can take the opportunity to market
their wines in Delhi.
It wouldn’t have happened without your
strong support & timely valuable help at all the times, we with all the
humility convey our sincere gratitude towards you through this letter.
Thanks you a lot to all your team who
consider our appeal and make the policy quite liberal than previous!!!!
We have gone through New
Delhi Excise policy, following are the things what we understood, plz make
us correct if we are wrong.
1) L-1 license fee - (Company Registration)
becomes Nil now against Rs. 5 Lacs.
2) Brand Registration - It increased from
Rs. 50000.00 to Rs. 1 Lac per brand or 1% of the total wholesale value
whichever is higher but Max. up to Rs. 10 Lacs in any case.
By paying Rs. 300000.00, can we do 10 brands???.
If brand Name is Sula,
and they have three vertial of Sula Brand like Sula-shiraj,
Sula-cabernet and Sula-chenin, so will you charge rs. 100000.00 for this
brand or Rs. 300000.00??? for the three verital wines. Pl. clarify???
(We made appeal to Excise Department Delhi that they should
consider different varietal as a separate label and not as a
separate brand and the decision is not clear to us. Pl. confirm)
3) Label Registration for Different sizes - Such
as 1000ml, 750ml, 375ml, 180ml, Rs.
5000/- per size or per label.
4) EMD - Just Rs. 25000/- per brand
or only Rs. 25000 instead of Rs. 2,00,000/-
5) Bonded Warehouse - Rs.
50,000/- instead of Rs. 10,000/-.
6) Duty Structure - What
is the Duty structure for Domestic Wines???.
7) Bag in Box - Will
be allowed in 1, 2, 3 & 5 Ltrs. pack ????
8) Policy for Imported Wine - L-1
Fees Rs. 6 Lacs,/ Duty Structure/EMD/Brand Fee/Lable
Registration/Warehouse fee/
9) Total Expenses for domestic wines to
luanch 2 brands/4 brands/10 brands/15 brands of wines.
10) Toatl Expences for imported wines to
luanch 2 brands/4 brands/10 brands/15 brands.
Our representative Mr. Ankush Mittal will come to you to
understand the above new policy and will make our doubts clear, so we can
circulate the same to all our wine producers.
We will personnely come to Delhi to Thanks you
in comming time.
Thanking You!
With Regards,
Jagdish Holkar,
Rajesh Jadhav
President Secretary
All India Wine Producers Association
09422271528
Mob. No. 9850044755
Email: info@allindiawine.com, jagdish.holkar@gmail.com
Dear Sir,
As per our discussion I had a meeting with Mr. Arun Mishra, Collector, Excise
Department, Delhi at his office.
He has answered our queries as follows:
- L-1 License Fees - As understood, it is now
Nil
- Brand Registration - If winery wants to
Register 10 bands cost will be Rs. 10,00,000/-
If winery wants to register 4 brands, cost will be Rs. 4,00,000/-
Reason for this was that Association was asking the entry of Indian Wine
into Delhi market to be possible easily, therefore they implemented this so
that one can market 4 - 5 different brands.
Point of different Varieties to be considered as one brand not taken into
account for this excise year, Mr. Mishra has pointed out that wineries
should first make presence in Delhi Market with this opportunity and then
ask for further policy change.
- Label Registration - Rs. 5,000/- per label
per size, i.e. for different sizes additional Rs. 5,000/- will have to be
paid for each size and each brand.
- EMD - Rs. 25,000/- Per Brand
- Bonded Warehouse Registration - Rs. 50,000/-
per winery has to be taken. Multiple Wineries can appoint one agent to
handle Warehousing for them in a designated area. But, the registration has
to be done separately for each winery @ Rs. 50,000/- each.
- Duty Structure - Not yet finalized, most
likely somewhere in 45% of wholesale price. Can be up or down.
- Bag in Box - Allowed
- Policy for Imported Wine - Rs. 6 Lacs per
company, Duty Structure not yet finalized, but will be more than Domestic
wine.
Mr. Mishra's main argument was that till now wineries were finding it difficult
to enter the Delhi market, because the costs final costs were going upwards of
Rs. 8 - 10 Lacs. With new policy for 4 - 5 wines the cost is almost half. So
wineries should first start marketing show the possibility of more revenue for
excise department and then ask for further policy changes.
I will call and explain the same if any doubts.
Regards,
Ankush Mittal
On 13/05/11 5:57 PM, All India wrote:
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Binge drinking culture and
unfavorable condition for grape growing Brit has always been enticed wine
exporters around the world. Wine consumption of UK is predominantly high than
other European countries. According to a recent market report, total wine
consumption in UK has reached a volume of 1400 million liters, which generate
revenue of
£9,489.66
million per annum (Data monitor 2010). After an erratic jolt from economic
downturn in wine market of UK, it is being rise up again.
Wine intelligence report (2010) suggested that wine consumption in UK is still
growing, albeit at a much slower rate than in the “golden decade” of the 1990s.
Thus, the overall British wine consumption has been trading up.
The UK market for wine is highly fragmented, with top three players
Constellation Brands, Inc, Pernod Ricard, and Diageo plc are holding a market
share of 17.4% of the total wine market by volumes. In the off- traders’
category Sainsbury, Tesco, Waitrose including specialist wine retailers such as
Majestic wine, Laithwaites, Slurp wine, Virgin wine and Oddbin are competing in
the market. Thus, sheer completion in the wine retailing has put pressure on
off-traders to squeeze the retail price of wine. Especially from the heavy
discount on ceases by online wine retailers is build stiff competition in
off-trade wine retailing in UK.
On the hand, continuing growth in the UK eating-out market, Wines offer much
higher profit margins in pubs and
restaurants
rather than off-trade selling (Keynote, 2011) which give an opportunity for
on-traders to generate more profit from wine.
People’s interest in gastronomy is allure to enjoy wide range of food
with different style wine. In
UK, there are
130,000 on-trade outlets with licenses to serve alcohol; of which over 60,000
are traditional pubs and the remainder are restaurants, hotels, licensed clubs,
and bars in leisure outlets. Solely there are around 6,500 Indian restaurants
present across the UK, which reserved the right to sell alcohol (Keynote, 2011).
According to a market report in
UK, consumers spend around
£3 billion to £4 billion pounds to buy alcohols in restaurant with food (i.e.
excluding all drinks purchases before or after meals). (Keynote: 2010). The
recent market figures have shown 3.5% growth of wine sale in restaurants across
the UK, which is promising growth for wine in restaurants (Drink International
2010).
The statistical data of market shows that around £350 to £400 million pounds
alcohol have been sold only in Indian restaurants. This represents a significant
amount among on-traders in UK. Though beer consumption in restaurants is very
high, wine maintains second position from all alcohol sales in restaurant (Only
with meals). According to market,
survey it has observed that less than 1% of Indian restaurant in UK who sells
Indian wine. All their wine, which they sell which mainly, comes from Australia,
South Africa and France.
From the analysis of various markets report and facts, it seems that Indian
restaurants across the UK would be a promising opportunity for Indian wine.
Which genuinely give a buzz for wine marketers of India.
With the appropriate marketing channel and little bit courage by Indian
marketers, this lucrative wine market could target and successfully capitalized.
(Note: All these Indian named restaurants have been run by Pakistani,
Bangladeshi and Indian people and known as Indian restaurant)
Author:
Nitesh Pandey (Master of Wine Business),
Dated: May/12/2011.
Sources:
Article has prepared from wide range of market report and personal consultation
of Industry personal within UK.
Drink International 2010,
http://www.drinksint.com/news/fullstory./aid/1883/UK:_Spirits_sales_down,_wine_sales_up.html
Key note 2010
https://www.keynote.co.uk/market-intelligence/view/product/2309/wine?highlight=wine+sales+restaurant&utm_source=kn.reports.search
Top Markets: Food, Catering & Drink Volume 2 Market Focus, 2010
https://www.keynote.co.uk/market-intelligence/view/product/2354/-markets%3A-food-catering-%26-drink-volume-2?medium=download
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The Delhi Excise department needs to be complimented for finally delineating
wine and beer from the stronger alcohols through the much awaited Public Notice
issued this morning. Although the annual license fee has been increased from
Rs.500,000 to Rs.600,000, the excise duty is expected to be rationalized and
brought down as it will now be based on the Whole Sale Price rather than MRP,
writes Subhash Arora
L-1F License fee has been increased from Rs.500,000 annually to Rs. 600,000
allowing up to ten spirits labels (Whisky, Rum, Gin, Brandy, Vodka etc.) and an
unlimited brands of wine, beer, alco-pops and liqueurs. For additional brands of
spirits, an extra charge of Rs.30,000 per brand will be added. Therefore, if an
importer is dealing with say, 5 labels of whisky, 4 labels of vodka, 4 labels of
single malt and 110 labels of wine with 12 labels of beer, he will now have to
pay Rs.690,000 as the license fee.
The big distinction between wine, beer etc and spirits has been in the label
registration which has been untouched at Rs.5000 for wines but has been
increased to Rs.20,000 per label for spirits, that is bound to create a lot of
protest from the liquor giants who may be forced to absorb the increase due to
the grey market forces in operation.
Thus the plea of importers to decrease the label registration charges to
Rs.1000-2000 remains unaddressed as they breathe a sigh of relief that it has
not gone up to Rs.10,000 since the dark rumours had been circulating in the
industry.
There is some ambiguity and a possibility that the amount of Rs. 500, 000
remains unchanged if only non liquor products are imported. The circular says
that ‘the above brand restriction does not apply on any other category and as
such the policy will remain unchanged for these categories (Beer, Wine, Mild
liquor and Mixed Alcoholic Beverages)
Wholesale Price Based Excise Duty
The biggest relief is expected in the excise duty which has been changed from
MRP (in slabs of 30% on Rs.2000 and 20% on additional price, currently).
Although the exact rate has not been announced and according to an excise
official will be announced in a week’s time, it will be based on the Whole Sale
Price: Excluding Customs Duty, Duty, VAT and other levies, which included CIF,
margins and all other charges of importers or the L1-F licensee.
The importer would be required to pay a percentage (speculations vacillate from
60-70% ). This would not only reduce the excise duty substantially but also will
remove the current anomaly of importers having to declare two types of
rates-with duty for retail and without duty for duty free sales.
The applicants for L-1F License will be required to submit the details of their
cost card mentioning the CIF(cost, insurance and freight) value, Custom Duty (if
any), Excise Duty, VAT and other levies, if any, Margins and all other charges
of the Importers/L-1 licensee.
Another interesting but inexplicable feature of the license is that the licensee
(importer) will have to submit an affidavit declaring that the whole sale price
declared in Delhi is lowest in comparison to wholesale price declared in
neighbouring states i.e. Haryana, U.T. of Chandigarh, Punjab & U.P. and shall
not be allowed whole sale price more than the said WSP for any brand of Foreign
Liquor.
The policy also focuses on a separate Excise Bonded Warehouse for those
importers who have a public customs duty bond- like Amfora of Delhi. Ranjit
Gupta, CEO of Amfora opines that this would result in a slight increase in the
monthly expenses but concedes that some importers might have misused the
privilege earlier. Subject to the fact that the excise duty as percentage of WSP
brings down the duties, he is quite satisfied with the new circular. ‘The
biggest thing that the new policy has done is that it has given respect to the
wine and beer and seems to have recognised that the country needs to swing
towards the lower alcohol products.’ The lumping of low alcohol products like
the Bacardi Breezers and wine coolers in this category are perhaps also a
statement by the Delhi government that time has come to recognise that we need
to reduce the level of alcohol intake.
Further details are expected to be made available within a week. In the
meanwhile, it is learnt that the existing policy will continue for the month of
May after making pro-rata payments for the license fee, registration and the
vend fee.
While the policy falls short of the importers’ wish list of reduction of the
license fee for only wine and beer to Rs.100-200,000 and the brand registration
fee to Rs. 1000-2000 to enable newer producers to enter, the policy of reduced
and rationalized excise duty will help the state to recoup a major chunk of
leakage to the neighbouring Haryana, especially Gurgaon.
Subhash Arora
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The Indian Grape Processing Board today asked entrepreneurs in Meghalaya to put pressure on the state government to legalise fruit wine-making as the region has the potential to become the “fruit wine capital” of the country.
“You should compel your government to pass a resolution to legalise fruit wine making,” board chairman S.G. Chougle said, while addressing local entrepreneurs at the two-day Shillong Spring Wine Festival 2011, organised by Forever Young, a local club, on the U Soso Tham auditorium premises here.
Chougle, who was also the chief guest at the festival, said fruit wine, apart from being healthy, helps fruit growers and provides avenues for employment.
Around 10 local wine makers participated in the festival showcasing wine made from a variety of local fruits like Sohiong (blackberry), strawberry, wild berry, guava, ginger and others.
Advocating the need to legalise wine making in Meghalaya, Chougle said in Maharashtra, though the government has increased excise duty on liquor, exception has been made for fruit wine.
The under secretary in the Union ministry of food processing, R.K. Patel, said the ministry would associate with the local entrepreneurs to help them financially in promoting fruit wine.
More: telegraphindia.com
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