Golden Furniture Works Private Limited

Manufactures and sells a variety of furniture for residential, commercial, and industrial use.

1990 | Mumbai, Maharashtra (India) | Active
Last Updated: December 16, 2024

Golden Furniture Works Profile

Key Indicators

  • Authorised Capital ₹ 5.00 M
  • Paid Up Capital ₹ 5.00 M
  • Company Age 34 Year, 10 Months
  • Last Filing with ROC 31 Mar 2019
  • Open Charges ₹ 4.90 M
  • Satisfied Charges ₹ 1.92 Cr
  • Revenue Growth -56.25%
  • Profit Growth 358.18%
  • Ebitda 39.60%
  • Net Worth 4.98%
  • Total Assets 10.02%

About Golden Furniture Works

Golden Furniture Works Private Limited (GFWPL) is a Private Limited Indian Non-Government Company incorporated in India on 30 March 1990 and has a history of 34 years and ten months. Its registered office is in Mumbai, Maharashtra, India.

The Company is engaged in the Consumer Electronics & Durables Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2019. It's a company limited by shares with an authorized capital of Rs 5.00 M and a paid-up capital of Rs 5.00 M.

The company currently has active open charges totaling ₹4.90 M. The company has closed loans amounting to ₹1.92 Cr, as per Ministry of Corporate Affairs (MCA) records.

Balbirsingh Matharu, Nirmalsingh Matharu, and Sukhadevsingh Matharu serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U99999MH1990PTC056016

  • Company No.

    056016

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    30 Mar 1990

  • Date of AGM

    30 Sep 2019

  • Date of Balance Sheet

    31 Mar 2019

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Consumer Electronics & Durables

Who are the key members and board of directors at Golden Furniture Works?

Executive Team (1)

NameDesignationAppointment DateStatus
Balbirsingh Matharu Country flag representing In Managing Director30-Mar-1990Current

Board Members (2)

NameDesignationAppointment DateStatus
Nirmalsingh Matharu Country flag representing In Director 15-Oct-1994Current
Sukhadevsingh Matharu Country flag representing In Director 03-Sep-1991Current

Financial Performance of Golden Furniture Works.

Golden Furniture Works Private Limited, for the financial year ended 2017, experienced significant reduction in revenue, with a 56.25% decrease. The company also saw a substantial improvement in profitability, with a 358.18% increase in profit. The company's net worth moved up by a moderate rise of 4.98%.

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
-56.25%
Revenue from Operations
-57.18%
Total Assets
10.02%
Profit or Loss
358.18%
Net Worth
4.98%
EBITDA
39.60%

What is the Ownership and Shareholding Structure of Golden Furniture Works?

In 2017, Golden Furniture Works 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

₹4.90 M

Satisfied Charges

₹19.22 M

Charges Breakdown by Lending Institutions

  • Bank Of India : 0.49 Cr

Latest Charge Details

DateLenderAmountStatus
10 Oct 2008Bank Of India₹4.90 MOpen
28 Apr 2006Punjab And Maharashtra Co-Operative Bank Ltd.₹0.70 MSatisfied
29 Sep 2005Punjab And Maharashtra Co- Op. Bank Ltd.₹0.50 MSatisfied
30 Mar 2002Bank Of Punjab Limited₹1.40 MSatisfied
08 Nov 1996Canara Bank₹3.00 MSatisfied

How Many Employees Work at Golden Furniture Works?

Unlock and access historical data on people associated with Golden Furniture Works, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Golden Furniture Works, 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 Golden Furniture Works'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 Golden Furniture Works

Recent activity within the organization

  • Annual General Meeting

    Golden Furniture Works Private Limited last Annual general meeting of members was held on 30 Sep 2019 as per latest MCA records.

    30 Sep 2019

  • Balance Sheet

    Golden Furniture Works Private Limited has filed its annual Financial statements for the year ended 31 Mar 2019 with Roc Mumbai.

    31 Mar 2019

  • Charges

    A charge with Bank Of India of Rs. 4.90 M registered on 10 Oct 2008 with Charge ID 10128428 was modified on 04 Mar 2016.

    04 Mar 2016

  • Charges

    A charge registered on 28 Apr 2006 via Charge ID 10003462 with Punjab And Maharashtra Co-Operative Bank Ltd. was fully satisfied on 13 May 2009.

    13 May 2009

  • Charges

    A charge registered on 29 Sep 2005 via Charge ID 90367521 with Punjab And Maharashtra Co- Op. Bank Ltd. was fully satisfied on 13 May 2009.

    13 May 2009

  • Charges

    A charge registered on 08 Nov 1996 via Charge ID 80049805 with Canara Bank was fully satisfied on 08 Nov 2008.

    08 Nov 2008

Frequently asked questions

  • Golden Furniture Works Private Limited was incorporated on 30 Mar 1990.

  • The authorized share capital of Golden Furniture Works Private Limited is ₹ 5.00 M and paid-up capital is ₹ 5.00 M.

  • Currently 3 directors are associated with Golden Furniture Works Private Limited.

    • Balbirsingh Matharu
    • Nirmalsingh Matharu
    • Sukhadevsingh Matharu
  • As per Ministry of Corporate Affairs (Mca), the registered address of Golden Furniture Works Private Limited is 22 Municipal Industrial Estategandhi Nagar Dr E.Moses Road, Bombay India, Mumbai, Maharashtra, 400018.

  • The corporate identification number (CIN) of Golden Furniture Works Private Limited is U99999MH1990PTC056016 and the company number is 056016 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2017, the revenue trend for Golden Furniture Works Private Limited has fallen by -56.25%.

  • The financial reports for the fiscal year 2017 indicates that The net worth of Golden Furniture Works Private Limited has experienced an upsurge of 4.98%.

  • As per the financial statements for fiscal Year 2017, The total open charges for Golden Furniture Works Private Limited amount to ₹ 4.90 M.

  • The most recent Balance Sheet for Golden Furniture Works Private Limited was filed with the ROC on 31 Mar 2019.

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