Globe Denwash Private Limited

Textile company with in-house denim washing unit, owned by experienced promoters.

2017 | Ahmedabad, Gujarat (India) | Active
Last Updated: July 16, 2024

Globe Denwash Profile

Key Indicators

  • Authorised Capital ₹ 5.00 Cr
  • Paid Up Capital ₹ 2.81 Cr
  • Company Age 7 Year, 11 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 158.66 Cr
  • Revenue Growth -21.06%
  • Profit Growth 64.11%
  • Ebitda -64.50%
  • Net Worth 4.70%
  • Total Assets -6.17%

About Globe Denwash

Globe Denwash Private Limited (GDPL) is a Private Limited Indian Non-Government Company incorporated in India on 27 February 2017 (Seven years and 11 months 26 days old ). Its registered office is in Ahmedabad, Gujarat, India.

The Company is engaged in the Manufacturing Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 5.00 Cr and a paid-up capital of Rs 2.81 Cr.

The company currently has active open charges totaling ₹158.66 Cr.

Bhavin Parikh, Bhavik Parikh, and Nilaybhai Vora serve as directors at the Company.

Company Details

  • Location

    Ahmedabad, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    globetextiles.net

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U18209GJ2017PTC095971

  • Company No.

    095971

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    27 Feb 2017

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Manufacturing

Who are the key members and board of directors at Globe Denwash?

Board Members (3)

NameDesignationAppointment DateStatus
Bhavin Parikh Country flag representing In Director 02-Apr-2018Current
Bhavik Parikh Country flag representing In Director 27-Feb-2017Current
Nilaybhai Vora Country flag representing In Director 27-Feb-2017Current

Financial Performance of Globe Denwash.

Globe Denwash Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 21.06% decrease. The company also saw a substantial improvement in profitability, with a 64.11% increase in profit. The company's net worth moved up by a moderate rise of 4.7%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-21.06%
Revenue from Operations
-21.56%
Total Assets
-6.17%
Profit or Loss
64.11%
Net Worth
4.70%
EBITDA
-64.50%

What is the Ownership and Shareholding Structure of Globe Denwash?

In 2023, Globe Denwash had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹158.66 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Others : 156.37 Cr
  • Sidbi : 2.29 Cr

Latest Charge Details

DateLenderAmountStatus
06 Feb 2024Sidbi₹2.29 CrOpen
30 Oct 2019Others₹109.91 CrOpen
17 Jan 2018Others₹46.46 CrOpen

How Many Employees Work at Globe Denwash?

Globe Denwash has a workforce of 187 employees as of Apr 05, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Globe Denwash, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Globe Denwash's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Globe Denwash

Recent activity within the organization

  • Charges

    A charge with Sidbi amounted to Rs. 2.29 Cr with Charge ID 100859406 was registered on 06 Feb 2024.

    06 Feb 2024

  • Annual General Meeting

    Globe Denwash Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Charges

    A charge with Others of Rs. 109.91 Cr registered on 30 Oct 2019 with Charge ID 100304755 was modified on 03 May 2023.

    03 May 2023

  • Balance Sheet

    Globe Denwash Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.

    31 Mar 2023

  • Charges

    A charge with Others of Rs. 46.46 Cr registered on 17 Jan 2018 with Charge ID 100153743 was modified on 24 Sep 2020.

    24 Sep 2020

  • Charges

    A charge with Others amounted to Rs. 109.91 Cr with Charge ID 100304755 was registered on 30 Oct 2019.

    30 Oct 2019

Recent News, Updates & Announcement

  • News icon
  • News icon
    NSE grants in-principle approval to Globe Textiles' rights issue; funds to fuel growth.

    The National Stock Exchange (NSE) has granted in-principle approval to garment manufacturer Globe Textiles (India) Ltd for raising over Rs 45 crore through rig....

    22 Feb 2024 NewsDrum

  • News icon
  • News icon
    Globe Textiles gets NSE nod for rights issue of up to Rs 49 crore to fuel growth.

    New Delhi [India], February 21 : Globe Textiles (India) Limited, a globally recognised garment manufacturer, supplier, and trader has received in-principle approval from the stock exchange NSE for a proposed right issue of up to 15,11,41,500 equity shares.The company said in a press release on Wednesday that this strategic initiative underscored the company's commitment to enhancing shareholder value and fortifying its financial position for sustainable growth.The rights issue is an invitation to the existing shareholders to purchase additional shares of the company within a specific period at a discounted price.Bhavin Parikh, Chief Executive Officer at Globe Textiles (India) Limited, said the funds will fuel its forward integration plans via acquisition."It will enhance our asset base, margins and topline as well as introduce innovative sustainable fashion garments and practices that are sought after by customers from India, Europe and the US. We are confident that this development will enhance the estimated top line by 120 crores to about 520 crores while improving margin by 2027- 28," Parikh added.Globe Textiles recorded revenue from operations of Rs 9282.96 lakhs for the quarter ended December 31, 2023. For the nine months ended December 31, 2023, the company reported revenue of Rs 32,761.63 lakhs.The company recorded a profit before tax of Rs 198.83 lakhs in the quarter, which is a good sign of growth compared to previous periods.Additionally, Globe Textiles reported a profit after tax of Rs 163.83 lakhs for the quarter and Rs 444.71 lakhs for the nine months ending on December 31, 2023.As per the release, the company's profit after tax increased 4x from Rs 47.61 lakhs to Rs 163.83 lakhs in the previous comparative quarter.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor.

    21 Feb 2024 Lokmat News

  • News icon
    Globe Textiles India Ltd to acquire Globe Denwash Ltd, aiming for sustainable growth.

    New Delhi, February 14: Globe Textiles India Limited (GTIL), a frontrunner in the textile industry engaged in manufacturing, supply, and trading of a wide array of textile and apparel products, including Denim jeans, Shirting fabrics, and cotton printed fabrics, has announced its ambitious plans to acquire Globe Denwash Private Limited through the purchase of shares..

    14 Feb 2024 newkerala

Frequently asked questions

  • Globe Denwash Private Limited was incorporated on 27 Feb 2017.

  • The authorized share capital of Globe Denwash Private Limited is ₹ 5.00 Cr and paid-up capital is ₹ 2.81 Cr.

  • Currently 3 directors are associated with Globe Denwash Private Limited.

    • Bhavin Suryakant Parikh
    • Bhavik Suryakant Parikh
    • Nilaybhai Jagdishbhai Vora
  • As per Ministry of Corporate Affairs (Mca), the registered address of Globe Denwash Private Limited is 180/3 Block No. E Shyam Jyot EstateNr. Motipura Cross Road Shahwadi Saijpur RoadShahw, Adi, Ahmedabad, Gujarat, India, 382405.

  • The corporate identification number (CIN) of Globe Denwash Private Limited is U18209GJ2017PTC095971 and the company number is 095971 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Globe Denwash Private Limited is https://www.globetextiles.net

  • According to the financial reports for the fiscal year 2023, the revenue trend for Globe Denwash Private Limited has fallen by -21.06%.

  • As Per 2023 financial reports, 187 employees are currently employed by Globe Denwash Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Globe Denwash Private Limited has experienced an upsurge of 4.70%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Globe Denwash Private Limited amount to ₹ 158.66 Cr.

  • The most recent Balance Sheet for Globe Denwash Private Limited was filed with the ROC on 31 Mar 2023.