About Phorum Jewels Limited
Data last updated:
Phorum Jewels Limited is a public 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 December 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36911MH2002PLC138186. Its GSTIN is 30AACCP7843D1ZR (Goa). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹2.07 Cr. It was formerly known as Phorum Jewels Private Limited. It is led by directors including Bharat Vasant Mewawala (Managing Director) and Nafisa Abdulla Nimakwala (Whole-Time Director).
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 ₹2.42 Cr, a decline of 55% compared to the previous year. For the same year it recorded a net loss of ₹2.59 Cr (net margin -107.2%) and EBITDA of -₹2.53 Cr (EBITDA margin -104.5%). Revenue has declined at a compounded annual rate (CAGR) of 58% over three years.
As per MCA filings, the company has open charges of ₹2.5 Cr and satisfied charges of ₹17.05 Cr on record. Court records list 6 cases involving the company, including 1 filed by the company and 5 filed against it; 2 cases are pending.
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
CIN history
Phorum Jewels has one previous CIN (Corporate Identification Number): U36911MH2002PTC138186. The current CIN is U36911MH2002PLC138186, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U36911MH2002PLC138186 | Current |
| U36911MH2002PTC138186 | Previous |
Contact details
Phorum Jewels 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 Jewels 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 activities of Phorum Jewels are manufacturing and support service to organizations. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities and other support services to organizations. 2 activity segments are registered with the MCA.
| 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 | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Phorum Jewels Limited, buy the company report.
Financials of Phorum Jewels Limited
FY 2018 filings availablePhorum Jewels Limited reported revenue of ₹2.42 Cr (down 55% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 58% over three years, including a 55% fall in the latest year. EBITDA rose 41% 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 | ₹2.42 Cr | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹2.53 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹2.59 Cr | |||
| 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 | -104.5% | |||
| Net Profit Margin | -107.2% | |||
| 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 Jewels Limited, buy the company report.
Board of directors of Phorum Jewels Limited
Phorum Jewels has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ummehani Hasan Nagarwala | Director | 01 Apr 2003 | 23 Years 6 Months | Current |
| Nafisa Abdulla Nimakwala Also directs: Phorum Gold Private Limited, MNC Energy Solutions Private Limited, Phorum Financial Services Private Limited and 1 more | Whole-Time Director | 01 Apr 2012 | 14 Years 6 Months | Current |
| Bharat Vasant Mewawala Also directs: Phorum Gold Private Limited, MNC Energy Solutions Private Limited, Phorum Financial Services Private Limited and 3 more | Managing Director | 01 Apr 2009 | 17 Years 6 Months | Current |
Peer comparison
Phorum Jewels Limited is compared with the 4 companies closest to it by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| RST Unichains Private Limited | ₹2.45 Cr (FY 2025) | -44.0% | Mumbai, Maharashtra, India | |||
| Ameyaa Jewels Private Limited | ₹2.44 Cr (FY 2025) | 106.0% | Surat, Gujarat, India | |||
| Phorum Jewels Limitedthis company | ₹2.42 Cr (FY 2018) | -₹2.59 Cr | -107.2% | -55.0% | Mumbai, Maharashtra, India | |
| Gems Palace Private Limited | ₹2.39 Cr (FY 2016) | Mumbai, Maharashtra, India | ||||
| U. K. Jewellery India Private Limited | ₹2.39 Cr (FY 2024) | 12.0% | Rajkot, Gujarat, India |
To see the full peer comparison of Phorum Jewels Limited, buy the company report.
Auditor
Phorum Jewels 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 Jewels 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 Jewels Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 May 2013 | 10426646 | Small Industries Development Bank of India | ₹2.5 Cr | Open | |
| 19 Oct 2011 | 10318734 | State Bank of India | ₹8 Cr | Satisfied | |
| 04 Dec 2009 | 10192882 | Bank of Baroda | ₹4 Cr | Satisfied | |
| 06 Nov 2007 | 10076424 | Bank of Baroda | ₹75 Lakh | Satisfied | |
| 13 Mar 2007 | 10044049 | Bank of Baroda | ₹30 Lakh | Satisfied |
To see the full charge records of Phorum Jewels Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Phorum Jewels Limited has 6 court cases on record: 1 filed by Phorum Jewels, 5 filed against it. 2 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 4 | 1 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| Supreme Court | Court case (1511MISC-Criminal Law : Criminal matters other than covered by the aforesaid categories(SLPs arising out of quashing applications, orders framing charge, summoning orders, interim orders in criminal matters, withdrawal of prosecution, orders for further investigation/re-investigation etc.) | Filed against the company by individuals | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Bank of India Th Mr Mahesh Kumar | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by State Bank of India Th. Mr. Omprakash Srivastava | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP1) | Filed against the company by an individual | Disposed |
To see the full case history of Phorum Jewels 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.
Credit ratings & regulatory alerts
Phorum Jewels Limited was last rated by Crisil on 27 Feb 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 27 Feb 2021 |
To see the full credit ratings and regulatory alerts of Phorum Jewels Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Phorum Jewels Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Phorum Jewels has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AACCP7843D1ZR | Goa | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Phorum Jewels Limited, buy the company report.
Recent activity
Phorum Jewels Limited has 5 board changes on record since 2003: 3 appointments and 2 cessations. The latest: Nafisa Abdulla Nimakwala was appointed as Whole-Time Director on 01 Apr 2012.
11 earlier events are in the company report.
Frequently asked questions
Phorum Jewels is an active public 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 December 2002 (24+ years old) and is registered under CIN U36911MH2002PLC138186.
Phorum Jewels has 3 current directors:
- Bharat Vasant Mewawala - Managing Director
- Nafisa Abdulla Nimakwala - Whole-Time Director
- Ummehani Hasan Nagarwala - Director
The latest financial statements of Phorum Jewels 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.
The GSTIN of Phorum Jewels is 30AACCP7843D1ZR, registered in Goa. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Phorum Jewels is U36911MH2002PLC138186. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Phorum Jewels has 6 court cases on record: 1 filed by the company and 5 filed against it. 2 are pending. Most are in the district courts.
Phorum Jewels was incorporated on 10 December 2002, making it 24+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Phorum Jewels by revenue are RST Unichains Private Limited, Ameyaa Jewels Private Limited, Gems Palace Private Limited, U. K. Jewellery India Private Limited, all in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Nafisa Abdulla Nimakwala was appointed as Whole-Time Director on 01 Apr 2012. Bharat Vasant Mewawala was appointed as Managing Director on 01 Apr 2009. Falguni Bharat Mewawala ceased to be Director on 01 Apr 2009. Phorum Jewels has 5 board changes on record in total.
Phorum Jewels can be reached through the website phorumjewels.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Phorum Jewels is at 103D Sukh Sagar Building 1st Floor Huges Road, Mumbai, Maharashtra, India – 400007.