Exhibit 21
----------
SUBSIDIARIES OF THE COMPANY
---------------------------
<TABLE>
<CAPTION>
STATE OR OTHER
JURISDICTION OF
INCORPORATION
OR %
NAME OF COMPANY ORGANIZATION OWNERSHIP
--------------- ------------ ---------
<S> <C> <C>
GFD Services, Inc. Delaware 100%
GFD Fabrics, Inc. (1) North Carolina 100%
Advisory Research Services, Inc. North Carolina 100%
Twin Rivers Textile Printing & Finishing (2) North Carolina 100%
(general partnership)
Guilford Mills (Michigan), Inc. Michigan 100%
Guilford Airmont, Inc. North Carolina 100%
GMI Computer Sales, Inc. North Carolina 100%
Guilford International, Inc. United States Virgin 100%
Islands
Hofmann Laces, Ltd. New York 100%
Raschel Fashion Interknitting, Ltd. New York 100%
Curtains and Fabrics, Inc. New York 100%
Mexican Industries of North Carolina, Inc. North Carolina 100%
Gold Mills, Inc. Delaware 100%
Gold Mills Farms, Inc. (3) New York 100%
Guilford Mills Limited United Kingdom 100%
Guilford Mills Europe Limited (4) United Kingdom 100%
Guilford Europe Limited (5) United Kingdom 100%
Rouquinet Deroy Limited (6) United Kingdom 100%
Guilford Deutschland GmbH (7) Germany 100%
Guilford Europe Pension Trustees Limited (8) United Kingdom 100%
Guilford Wovens Limited (7) United Kingdom 100%
Guilford Automocion Iberica S.L. (7) Spain 100%
Guilford Mills Texteis Iberica Limitada (9) Portugal 100%
Guilford Mills Automotive (Portugal) Limited (10) United Kingdom 100%
<PAGE>
STATE OR OTHER
JURISDICTION OF
INCORPORATION
OR %
NAME OF COMPANY ORGANIZATION OWNERSHIP
--------------- ------------ ---------
<S> <C> <C>
Guilford Mills Automotive (Czech Republic) Limited (10) United Kingdom 100%
Guilford Mills do Brasil Ltda. (11) Brazil 100%
Industrias Globales de Mexico, S.A. de C.V. (12) Mexico 100%
Industrias Mexicanas de Morelos, S.A. de C.V (13) Mexico 100%
Grupo Ambar, S.A. de C.V. Mexico 95%
American Textil, S.A. de C.V. (14) Mexico 100%
Servicios Corporativos Ambar, S.A. de C.V. (15) Mexico 100%
Guilford de Tamaulipas, S.A. de C.V. (16) Mexico 100%
Guilford de Altamira, S.A. de C.V. (16) Mexico 100%
Nustart, S.A. de C.V. (17) Mexico 100%
</TABLE>
---------------------
* The capital stock of certain of the above subsidiaries are pledged
pursuant to the terms of an Amended and Restated Foreign Stock Pledge
Agreement and Amended and Restated Domestic Stock Pledge Agreement,
each dated as November 6, 2000 and each among the Pledgors and The
Collateral Agent, as defined therein.
(1) This company is a wholly owned subsidiary of GFD Services, Inc.
(2) Each of Guilford Mills, Inc. and Advisory Research Services, Inc. holds
a 50% partnership interest in this general partnership.
(3) Owned by Gold Mills, Inc.
(4) Owned by Guilford Mills Limited.
(5) 2,000,000 shares owned by Guilford Mills Europe Limited and 1 share
owned by Guilford Mills, Inc.
(6) 1,999,999 shares owned by Guilford Mills Europe Limited and 1 share
owned by Guilford Europe Limited.
(7) Owned by Guilford Europe Limited.
(8) 1 share owned by Guilford Europe Limited and 1 share owned by Guilford
Mills Europe Limited.
(9) 2% of the capital stock of this company is owned by Guilford Mills
Europe Limited and 98% of the capital stock is owned by Guilford Mills
Automotive (Portugal) Limited.
(10) Owned by Guilford Mills Europe Limited.
(11) 990 shares owned by Guilford Mills, Inc. and 10 shares owned by
Guilford Airmont, Inc.
(12) 49,999 shares owned by Guilford Mills, Inc. and 1 share owned by Grupo
Ambar, S.A. de C.V. ("Grupo Ambar").
(13) 5,000 shares owned by Guilford Mills, Inc. and 45,000 shares owned by
Mexican Industries of North Carolina, Inc.
(14) 10,457,517 shares owned by Grupo Ambar and 1 share owned by Servicios
Corporativos Ambar, S.A. de C.V.
(15) 321,751 shares owned by Grupo Ambar and 1 share owned by American
Textil, S.A. de C.V.
(16) 49,999 shares owned by Guilford Mills, Inc. and 1 share owned by
Guilford Airmont, Inc.
(17) 28,360 shares owned by Guilford Mills, Inc. and 200 shares owned by
Guilford Airmont, Inc.
2
