About Phorum Gold Private Limited
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Phorum Gold Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 10 April 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27205MH2008PTC181029. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹3.6 Cr and a paid-up capital of ₹3.35 Cr. It is led by directors Nafisa Abdulla Nimakwala and Bharat Vasant Mewawala.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 103/D Sukh Sagar Building 1st Floor Huges Road, Mumbai, Maharashtra, India – 400007.
As per the financials filed for FY 2018, the company reported a revenue of ₹1.04 Cr, a decline of 81% compared to the previous year. For the same year it recorded a net loss of ₹68.26 Lakh (net margin -65.8%) and EBITDA of -₹38.17 Lakh (EBITDA margin -36.8%). Revenue has declined at a compounded annual rate (CAGR) of 68% over three years.
As per MCA filings, the company has open charges of ₹8 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website phorumjewels.com.
Company details
Contact details
Phorum Gold Private Limited's registered office is in Mumbai, Maharashtra. Its website is phorumjewels.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address103/D Sukh Sagar Building 1st Floor Huges Road, Mumbai, Maharashtra, India – 400007
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Phorum Gold Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Phorum Gold is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Phorum Gold Private Limited, buy the company report.
Financials of Phorum Gold Private Limited
FY 2018 filings availablePhorum Gold Private Limited reported revenue of ₹1.04 Cr (down 81% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 68% over three years, including a 81% fall in the latest year. EBITDA rose 73% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹1.04 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹38.17 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹68.26 Lakh | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -36.8% | |||
| Net Profit Margin | -65.8% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Phorum Gold Private Limited, buy the company report.
Board of directors of Phorum Gold Private Limited
Phorum Gold has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nafisa Abdulla Nimakwala Also directs: Phorum Jewels Limited, MNC Energy Solutions Private Limited, Phorum Financial Services Private Limited and 1 more | Director | 10 Apr 2008 | 18 Years 6 Months | Current |
| Bharat Vasant Mewawala Also directs: Phorum Jewels Limited, MNC Energy Solutions Private Limited, Phorum Financial Services Private Limited and 3 more | Director | 10 Apr 2008 | 18 Years 6 Months | Current |
Auditor
Phorum Gold Private Limited is audited by V A PARIKH & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V A PARIKH & CO | FY 2018 | 107587W |
Shareholding
The shareholding of Phorum Gold Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Phorum Gold Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Nov 2011 | 10323496 | Bank of India | ₹8 Cr | Open |
To see the full charge records of Phorum Gold Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Phorum Gold Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai Small Causes Court, Maharashtra | Court case (RAD) | Filed against the company by an individual | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Bank of India Th Mr Mahesh Kumar | Disposed |
To see the full case history of Phorum Gold Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Phorum Gold Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Phorum Gold has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Phorum Gold Private Limited, buy the company report.
Recent activity
Phorum Gold Private Limited has 4 board changes on record since 2008: 2 appointments and 2 cessations. The latest: Abdulla Taiyebbhai Nimakwala ceased to be Additional Director on 10 Oct 2016.
Frequently asked questions
Phorum Gold is an active private limited company based in Mumbai, Maharashtra, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 10 April 2008 (18+ years old) and is registered under CIN U27205MH2008PTC181029.
Phorum Gold has 2 current directors:
- Nafisa Abdulla Nimakwala - Director
- Bharat Vasant Mewawala - Director
The latest financial statements of Phorum Gold on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
No. Phorum Gold has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Phorum Gold is U27205MH2008PTC181029. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Phorum Gold has 2 court cases on record: 2 filed against it.
Phorum Gold was incorporated on 10 April 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Abdulla Taiyebbhai Nimakwala ceased to be Additional Director on 10 Oct 2016. Sarika Nishit Mitra ceased to be Additional Director on 18 Nov 2010. Bharat Vasant Mewawala was appointed as Director on 10 Apr 2008. Phorum Gold has 4 board changes on record in total.
Phorum Gold can be reached through the website phorumjewels.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Phorum Gold is at 103D Sukh Sagar Building 1st Floor Huges Road, Mumbai, Maharashtra, India – 400007.