MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-WB-10-0007573
Promises Instruments Pvt Ltd - consumer electronics & durables in Kolkata, West Bengal, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹2.78 Cr
▲ 14% YoY
Net profit · FY 2024
₹65,841
Net margin 0.2%
EBITDA · FY 2024
₹2.31 Lakh
EBITDA margin 0.8%
Authorised capital
₹55 Lakh
Registered with MCA
Paid-up capital
₹9.4 Lakh
Issued & subscribed
Open charges
₹10 Lakh
Satisfied ₹1.45 Cr
Company age
31 yrs
Est. 1995
Directors on board
3
As per MCA filings
About Promises Instruments Pvt Ltd
Data last updated:
Promises Instruments Pvt Ltd is a private limited company based in Kolkata, West Bengal, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 17 February 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U17111WB1995PTC068457. Its GSTIN is 19AABCP7397M1ZK (West Bengal).
The company has an authorised share capital of ₹55 Lakh and a paid-up capital of ₹9.4 Lakh. It was formerly known as Gbm Business Machines Private Limted. It is led by directors including Manoj Bhatia and Shalini Bhatia.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 45 Shakespeare Sarani Shakespeare Sarani, Kolkata, West Bengal, India – 700017.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.78 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹65,841 (net margin 0.2%) and EBITDA of ₹2.31 Lakh (EBITDA margin 0.8%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 2% over five years.
The company is associated with 1 brand: Promises. As per MCA filings, the company has open charges of ₹10 Lakh and satisfied charges of ₹1.45 Cr on record. Court records list 8 cases involving the company, including 7 filed by the company and 1 filed against it; 3 cases are pending.
Promises Instruments Pvt Ltd is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-WB-10-0007573). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website promises.co.in.
Company details
CIN U17111WB1995PTC068457
Registration Number 068457
Incorporation Date 17 February 1995
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-WB-10-0007573
Recognitions & Rankings of Promises Instruments
Contact details
Promises Instruments Pvt Ltd's registered office is in Kolkata, West Bengal. Its website is promises.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address45 Shakespeare Sarani Shakespeare Sarani, Kolkata, West Bengal, India – 700017
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Promises Instruments Pvt Ltd, buy the company report.
Comprehensive company report
Promises Instruments Pvt Ltd - one report that includes everything
- 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
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Brands
Promises Instruments operates one associated brand: Promises. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Promises Instruments Pvt. Ltd. is engaged in distributing premium audio-visual and automation products. | promises.co.in |
Business activity
The main business activity of Promises Instruments is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Promises Instruments Pvt Ltd, buy the company report.
Financials of Promises Instruments Pvt Ltd
FY 2024 filings availablePromises Instruments Pvt Ltd reported revenue of ₹2.78 Cr (up 14% YoY) for FY 2024.
Revenue · FY 2024
₹2.78 Cr ▲ 14%
Net profit · FY 2024
₹65,841 margin 0.2%
EBITDA · FY 2024
₹2.31 Lakh margin 0.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 14%
3 years · compounded
▲ 10%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▼ 6%
3 years · compounded
▲ 28%
5 years · compounded
▼ 32%
Revenue has grown at a compounded annual rate (CAGR) of 2% over five years, including 14% growth in the latest year. EBITDA fell 6% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Revenue from Operations | |||||
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| Total Expenses | |||||
| EBITDA | ₹2.31 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹65,841 | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.8% | ||||
| Net Profit Margin | 0.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Promises Instruments Pvt Ltd, buy the company report.
Board of directors of Promises Instruments Pvt Ltd
Promises Instruments has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rishabh Bhatia | Additional Director | 14 Feb 2019 | 7 Years 8 Months | Current |
| Manoj Bhatia Also directs: Megatown Enclave Pvt Ltd | Director | 17 Feb 1995 | 31 Years 8 Months | Current |
| Shalini Bhatia Also directs: Megatown Enclave Pvt Ltd | Director | 25 Jun 2007 | 19 Years 4 Months | Current |
Auditor
Promises Instruments Pvt Ltd is audited by T KARNANI & CO. for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T KARNANI & CO. | FY 2021 | 328144E |
Shareholding
The shareholding of Promises Instruments Pvt Ltd is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Promises Instruments Pvt Ltd, buy the company report.
Charges & borrowings
Open charges
₹10 Lakh
Satisfied charges
₹1.45 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jul 2016 | 100044631 | Others | ₹10 Lakh | Open | |
| 13 Jul 2016 | 100042135 | Others | ₹1 Cr | Satisfied | |
| 20 Sep 2004 | 90246371 | The Karur Vysya Bank Ltd. | ₹45 Lakh | Satisfied |
To see the full charge records of Promises Instruments Pvt Ltd, buy the company report.
Total charge records: 3 View all charges
Legal cases
Promises Instruments Pvt Ltd has 8 court cases on record: 7 filed by Promises Instruments, 1 filed against it. 3 cases are pending and 5 are disposed.
Total cases
8
Filed by the company
7
Filed against the company
1
Pending
3
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 0 | 3 |
| High courts | 3 | 1 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Baid Lifestyle Pvt. Ltd. and 1 other | Disposed |
| High Court | Company petition | Filed against the company by In the Matter of : M/S Baid Lifestyle Pvt.Ltd. -and- | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against an individual | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against an individual | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against an individual | Pending |
To see the full case history of Promises Instruments Pvt Ltd, 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Promises Instruments Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Promises Instruments has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCP7397M1ZK | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Promises Instruments Pvt Ltd, buy the company report.
Recent activity
Promises Instruments Pvt Ltd has 3 board changes on record since 1995: 3 appointments. The latest: Rishabh Bhatia was appointed as Additional Director on 14 Feb 2019.
AGM
Promises Instruments Pvt Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Promises Instruments Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kolkata.
Charges
A charge registered on 20 Sep 2004 via Charge ID 90246371 with The Karur Vysya Bank Ltd. was fully satisfied on 21 Oct 2021.
Appointed
Rishabh Bhatia was appointed as Additional Director.
Charges
A charge registered on 13 Jul 2016 via Charge ID 100042135 with Others was fully satisfied on 12 Feb 2019.
Charges
A charge with Others amounted to Rs. 10.00 Lakh with Charge ID 100044631 was registered on 20 Jul 2016.
Charges
A charge with Others amounted to Rs. 100.00 Lakh with Charge ID 100042135 was registered on 13 Jul 2016.
Appointed
Shalini Bhatia was appointed as Director.
Charges
A charge with The Karur Vysya Bank Ltd. of Rs. 45.00 Lakh registered on 20 Sep 2004 with Charge ID 90246371 was modified on 12 Oct 2006.
Charges
A charge with The Karur Vysya Bank Ltd. amounted to Rs. 45.00 Lakh with Charge ID 90246371 was registered on 20 Sep 2004.
Appointed
Manoj Bhatia was appointed as Director.
Incorporation
17 Feb 1995
Promises Instruments Pvt Ltd was registered on 17 Feb 1995 with Roc Kolkata & aged 31 years 8 months as per MCA records.
Frequently asked questions
Promises Instruments is an active private limited company based in Kolkata, West Bengal, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 17 February 1995 (31+ years old) and is registered under CIN U17111WB1995PTC068457.
Promises Instruments has 3 current directors:
- Rishabh Bhatia - Additional Director
- Manoj Bhatia - Director
- Shalini Bhatia - Director
The latest financial statements of Promises Instruments on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Promises Instruments is 19AABCP7397M1ZK, registered in West Bengal.
The CIN (Corporate Identification Number) of Promises Instruments is U17111WB1995PTC068457. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Promises Instruments has 8 court cases on record: 7 filed by the company and 1 filed against it. 3 are pending. Most are in the district courts.
Promises Instruments was incorporated on 17 February 1995, making it 31+ years old. It is registered with the Registrar of Companies, Kolkata.
Rishabh Bhatia was appointed as Additional Director on 14 Feb 2019. Shalini Bhatia was appointed as Director on 25 Jun 2007. Manoj Bhatia was appointed as Director on 17 Feb 1995.
Yes, Promises Instruments is registered as a micro enterprise under Udyam registration (number: UDYAM-WB-10-0007573).
Promises Instruments can be reached through the website promises.co.in. Its registered office is in Kolkata, West Bengal, India.
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