Punch is another of those companies that started in Cuba, and then was reformed elsewhere after the communist takeover. In this case, Punch was registered as a brand in Germany, and there it grew to be wildly popular after its formation in 1840. It is also very popular, still to this day, in England. After a series of sales, it ended up in Cuba, and there it would create beautiful cigars that you could buy in the US and in Europe until the Communist Cuban revolution, when the brand was nationalized and the owners fled to revive the brand elsewhere.
It is unlikely that you will be able to lay your hands upon Cuban Punch cigars, but the Honduran line is very delicious on its own, so take heart. This cigar is a medium-bodied cigar, and it is every bit as full of flavor as the Cuban lines are, but it also is easy to find, to the point where you can go to your favorite local humidor or your favorite online cigar shop and find them and order them without any hassle.
The Punch EMS line is the English Market Selection line, which is to say that the line is trying to imitate the flavor of the old line that was for sale in England. To achieve this, Punch takes tobacco from Honduras, Nicaragua, and the Dominican Republic, putting out a quality and smooth cigar with a bit of spice to it, and one that you should definitely try.