Scheduling the 2009 Harvest

Bennett reviewed the status of the vineyard and took some photos.

Our vineyard is on the right, looking toward the Andes.

Our vineyard is on the right, looking toward the Andes.

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Walking the Vineyard with Gustavo Arizu

Meeting with the Notary

Since the vineyard was looking good, we had to get serious.  First, we met with the notary to outline how the transaction would work.  Then, Bryan and Gustavo Arizu drove to Valle de Uco so Gustavo could review and evaluate the vineyard.

Notary, Eugenia and Gustavo discussing the purchase of the vineyard.

Notary, Eugenia and Gustavo discussing the purchase of the vineyard.

Gustavo Walks the Property and Evaluates the Vineyard

Gustavo and Bryan walked completely around the vineyard.  Gustavo evaluated the soil and condition of the vineyard.

The vineyard looked spectacular with the snow-covered Andes in the background.

The vineyard looked spectacular with the snow-covered Andes in the background.

Gustavo walking through to the north side of the vineyard.

Gustavo walking through to the north side of the vineyard.

North side of vineyard with Andes in the background.

North side of vineyard with Andes in the background.

Gustavo walking along the west side of the vineyard.  Note the garlic crop on the right.

Gustavo walking along the west side of the vineyard. Note the garlic crop on the right.

Worker House and Implements

The vineyard includes a house for the worker, with a covered platform for the tractor.  The implements are kept in the open.

 

Worker house at east side of vineyard (against road).

Worker house at east side of vineyard (against road).

 

Implements for managing the vineyard.

Implements for managing the vineyard.

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Visit to Altos Los Hormigas

Exterior of Altos Las Hormigas winery in Madera.

Exterior of Altos Las Hormigas winery in Madera.

Due Diligence

Inside the winery, Bryan reviewed the stainless steel tanks holding the wine from the Marin vineyard.  These tanks held the wine from the harvest in March/April 2008.

Stainless steel tanks inside the winery.

Stainless steel tanks inside the winery.

303 hectoliter stainless steel tank for initial fermentation.

303 hectoliter stainless steel tank for initial fermentation.

Notation on the tank says 'Reserva 2008 Marin'.

Notation on the tank says 'Reserva 2008 Marin'.

From the tanks, we looked at the oak barrels, holding the wine from the 2007 harvest.  At the end of each row was an inventory of the contents in that row.

Barrels holding wine from 2007 harvest.

Barrels holding wine from 2007 harvest.

 

Reviewing the barrel inventory listing, looking for 'Marin'.

Reviewing the barrel inventory listing, looking for 'Marin'.

Barrel inventory showing one barrel from 'Marin'.

Barrel inventory showing one barrel from 'Marin'.

 

Inventory showing 34 barrels from 'Marin'.

Inventory showing 34 barrels from 'Marin'.

From the list, we went straight to the barrels.

Barrel holding wine from 2007 harvest from 'Marin'.

Barrel holding wine from 2007 harvest from 'Marin'.

And out came the 'wine thief' ...

And out came the 'wine thief' ...

 Having verified the wine in the barrels, we turned to the documentation.

Files holding documentation.

Files holding documentation.

Documentation for El Gallego S.A.

Documentation for El Gallego S.A.

Reviewing the file.

Reviewing the file.

 

The file appeared complete.

The file appeared complete.

Remaining inventory from 2006 vintage.

Remaining inventory from 2006 vintage. The white boxes hold the 'Reserva' line.

Bryan holding unlabelled magnum.

Bryan holding unlabelled magnum.

Inside the tasting/conference room.  The second bottle from the left, with the white label and red capsule, is the 'Reserva'.

Inside the tasting/conference room. The second bottle from the left, with the white label and red capsule, is the 'Reserva'.

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Meeting with the Sellers

We went to the El Gallego restaurant in Tunuyan to meet the sellers.

Don Marin, the owner, was there with one of his sons.

El Gallego restaurant is on Route 40 as it goes through Tunuyan

El Gallego restaurant is on Route 40 as it goes through Tunuyan

El Gallego Restaurant.

El Gallego Restaurant.

Bryan and Eugenia meeting with Don Marin and his son.

Bryan and Eugenia meeting with Don Marin and his son.

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Meetings in Mendoza

Official Records for Maxim Cuyo S.A.

In Mendoza, we picked up the books for Maxim Cuyo S.A.  These are the ‘official’ books where the share ownership, minutes, and other corporate matters are documented.

Official books for Cuyo Maxim, S.A.

Official books for Maxim Cuyo S.A.

Articles of incorporation for Maxim Cuyo S.A.

Articles of incorporation for Maxim Cuyo S.A.

Meeting with the Notary

Land transactions in Argentina are handled by a notary.  Notaries perform several key tasks, one of which is to ensure all elements of the transaction (e.g., agreements, land surveys, payments, etc.) are completed before changing the registration of the land title.

We met with [name], who is one of the leading notaries in Mendoza.

mini-081003_11-notary

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First Visit to the Vineyard

This was the first visit to the vineyard.  We walked around the property – it looks good on a fine spring day.

The vineyard is on the right, with a common road separating the two vineyards.  Note the flood irrigation.

The vineyard is on the right, with a common road separating the two vineyards. Note the flood irrigation.

Rows of Malbec, with hail nets.

Rows of Malbec, with hail nets.

Ready for plowing and grooming.

Ready for plowing and grooming.

 

Walking around the vineyard (south-west corner), with La Celia's vineyard behind.

Walking around the vineyard (south-west corner), with La Celia's vineyard behind.

North-west corner of vineyard.

North-west corner of vineyard.

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