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EXHIBIT (21)

SUBSIDIARIES OF THE COMPANY

(As of December 19, 2003)

|                                                      |  |                       |  |           |     |   |  | 
|----------------------------------------------------- |  | --------------------- |  | --------- | --- | - |  | 
|                                                      |  | STATE OR OTHER        |  |           |     |  
|                                                      |  | JURISDICTION OF       |  |           |     |  
|                                                      |  | INCORPORATION OR      |  | %        
|NAME OF COMPANY                                       |  | ORGANIZATION          |  | OWNERSHIP
|                                                      |  |                       |  |          
|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 | %
|Hofmann Laces, Ltd.                                   |  | New York              |  |           | 100 | %
|Raschel Fashion Interknitting, Ltd.                   |  | New York              |  |           | 100 | %
|Curtains and Fabrics, Inc.                            |  | New York              |  |           | 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 Automotive (Portugal) Limited(9)       |  | United Kingdom        |  |           | 100 | %
|Guilford Mills Automotive (Czech Republic) Limited(9) |  | United Kingdom        |  |           | 100 | %
|Guilford Mills do Brasil Ltda.(10)                    |  | Brazil                |  |           | 100 | %
|Industrias Globales de Mexico, S.A. de C.V.(11)       |  | Mexico                |  |           | 100 | %
|Nustart, S.A. de C.V.(12)                             |  | Mexico                |  |           | 100 | %
|Guilford de Mexico, S.A. de C.V.(13)                  |  | Mexico                |  |           | 100 | %
|Guilford Servicios, S.A. de C.V.(13)                  |  | Mexico                |  |           | 100 | %
|Guilford Mills Automotive (France) Limited(14)        |  | United Kingdom        |  |           | 100 | %
|Guilford Czech Republic S.R.O.(15)                    |  | Czech Republic        |  |           | 100 | %

The capital stock of certain of the above subsidiaries is pledged pursuant to
the terms of certain loan documents with respect to the Companys senior
secured debt.



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|(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)  |  | Owned by Guilford Mills Europe Limited.                                                                                        
|    
|(10) |  | 990 shares owned by Guilford Mills, Inc. and 10 shares owned by Guilford
Airmont, Inc.                                         
|    
|(11) |  | 49,999 shares owned by Guilford Mills, Inc. and 1 share owned by Guilford
Airmont, Inc. owned by American Textil, S.A. de C.V. 
|    
|(12) |  | 28,360 shares owned by Guilford Mills, Inc. and 200 shares owned by
Guilford Airmont, Inc.                                     





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|(13) |  | 49,999 shares owned by Guilford Mills, Inc. and 1 share owned by
Guilford Airmont, Inc.
|---- |  | ---------------------------------------------------------------------------------------
|    
|(14) |  | 100% owned by Guilford Mills Europe Limited.                                           
|    
|(15) |  | Owned by Guilford Mills Automotive (Czech Republic) Limited.