Indage Restaurants & Leisure Limited
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BSE Code:
532264
NSE Code:
Business Profile
Business Profile
Indage Restaurants and Leisure (CHAMPINDQ), incorporated on Oct. 07, 1982, has restructured into the restaurant and hotel business as part of the Indage group`s plan to create sharp focus and concentrate on each core business to compete effectively in the market place. Earlier known as Champagne Vineyards, it got its present name on Jul. 18, 2008. Champagne Indage and Indage Vineyards are other group companies.
The company has established a market presence in fine dining, high-end bar and club sectors. Under a scheme of arrangement approved by the High Court in Mumbai and effective from Jan. 01, 2006, the company took over the restaurant and hotel business undertaking of the Indage Hotels. Its agriculture and viticulture business undertaking was transferred to and taken over by Indage Vineyards, a private limited company, for a cash consideration of Rs 23 million.
Having developed expertise, brand equity and capabilities in the hospitality and multi-unit restaurant business in India, the company has some well-received and highly commercially successful ventures in restaurants, bistros and lounges like Athena, Zaha, Prive, Tetsuma, IVY, Nando`s. Recent awards include Times Best Oriental & Japanese Restaurant Award for its Japanese restaurant Tetsuma, the Times Nightlife Award for its lounge and nightclub Athena, and Silver Award for Mumbai`s Best Restaurant & Cafe.
As part of its strategy to spread across Mumbai city, the company opened its third outlet adding to Nando`s chain of International restaurants in New Mumbai at Vashi in 2008. Earlier IVY-Caf? and Bistro were opened at Versova in Mumbai and at Dhole Patil Road in Pune respectively. Combining the eclectic cuisine of a bistro and the convenience of a cafe, these provide a unique ambience for its guests. Mauve, located in one of the posh area of Pune at Koregaon Park doubles up as an art gallery, and an inner sanctum becomes the dance floor. Nando`s Indage Restaurants is a subsidiary company.
The registered office is located at Indage House, 82, Dr. A.B. Road, Worli, Mumbai-400018.
Financials
Indage Restaurants and Leisure registered a 27,900% growth in net profit to Rs 2.8 million for the quarter ended June 2008 from a profit of Rs 0.01 million for the quarter ended June 2007.
It recorded a net sales of Rs 60.27 million for the quarter ended June 2008.
Total income rose 100,350% to Rs 60.27 million for the quarter ended June 2008 from Rs 0.06 million for the quarter ended June 2007.
The earnings per share (EPS) of the company stood at Rs 0.08 for the quarter ended June 2008.
On a consolidated basis, the company registered a profit of Rs 3.13 million for the quarter ended June 2008.
It recorded a net sales of Rs 72.47 million for the quarter.
Total income was Rs 72.47 million for the quarter ended June 2008.
The earnings per share of the company stood at Rs 0.08 for the quarter ended June 2008.
Recent Developments
29-JUL-08
Pursuant to the fresh certificate of incorporation received from Registrar of Companies, Mumbai dated Jul. 18, 2008 the name of the Company is changed from Champagne Vineyards to Indage Restaurants and Leisure.
11-JUL-08
The company board has decided to open a 100% subsidiary company in UK to pursue its global business prospects.