The Company was incorporated on 18th june 1992 under the Companies Act 1956 with the register of companies delhi and Haryana at New Delhi. The certificate of commencement was obtained by the company on 9th July 1992. The Time lag between the incorporation and the setting up of the project has been on account of the time required by the Company to change the site from Himachal Pradesh to Rajasthan, acquisition of land, convertion of land and tie-up of collaboration arrangements. After entering into the collaboration agreement on 27th May 1993, the Company has proceeded with implementation of its project. PRESENT BUSINESS OF THE COMPANY The company proposes to manufacture and market beer under the brand name of "Henninger". They also propose to manufacture barley malt, a part of which will be used captively for production of beer and the rest will be sold. The Beer industry has been a tightly controlled licensed industry since independence. The issue of licences to beer units was restricted till the recent past. Licenses to new units for the manufacture of beer have now been issued after a moratorium of a number of years. With the marked shift in preference from hard drinks to lighter alcoholic drinks the beer market has expanded at a fast pace. There are a number of listed Companies in this line of business some of which are United Breweries Ltd., Mohan Meakin Breweries Ltd., Haryana Breweries and Mysore Breweries Ltd. PROMOTERS Winsome Breweries Ltd. has been promoted by Shri R.K. Bagrodia. Shri Bagrodia, aged 49 years is a Chemical Engineer from IIT Kharagpur and has obtained Master's Degrees in Chemical Engineering as well as Management Science from University of Waterloo, Canada. Shri Bagrodia's experience in setting up and managing industries dates back to 1969 when he promoted Himalayan Rasayan Udyog Pvt. Ltd. in Udaipur, Rajasthan to manufacture sodium silico fluoride from waste effluents of M/s. Hindustan Zinc Ltd. which was causing water pollution. He remained in the business till 1982 when he co-promoted M/s. Winsome Textile Industries Ltd. (WTIL) He was the joint Managing Director of the Company from 24.5.82 to 22.5.87, when he resigned to be associated with other ventures such as Suzuki (India) Ltd. which is engaged in the domestic and international trading of commodities. Though Shri Bagrodia does not have any experience in the beer industry, being an experienced chemical engineer with long experience in other industries, he is well placed to run a brewery which is essentially a food processing industry requiring chemical engineering expertise. The Company is also inducting technical executives for the project. The other Company in which Mr. R.K. Bagrodia is involved is M/s. Suzuki (India) Ltd. (SIL). Suzuki (India) Ltd. has been engaged in Domestic and International Trading of Commodities since 1984. In the domestic sector, the Company has been dealing in commodities like Polyster Staple Fibre and Chips. Shri R.K. Bagrodia has also promoted Indfish Limited in 1992, which envisages the setting up of a 100% EOU for deep sea fishing in the Indian EEZ (Exclusive Economic Zone). The Company has not yet commenced its activities.