Sharp Eye Advertising Private Limited
About Sharp Eye Advertising Private Limited
Data last updated:
Sharp Eye Advertising Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Prabhatam Investments Private Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the advertising and media services segment of the media and publishing sector. It was incorporated on 03 April 1997.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74300DL1997PTC086415. Its GSTIN is 07AADCM7455P1ZT (Delhi). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.94 Cr. It was formerly known as M.G Advertising Services Private Limited. It is led by directors including Kavita Agarwal and Pooja Aggarwal.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 38 Rani Jhansi Road Jhandewalan, New Delhi, Delhi, India – 110055.
As per the financials filed for FY 2021, the company reported a revenue of ₹4.1 Cr, a decline of 52% compared to the previous year. For the same year it recorded a net loss of ₹10.73 Lakh (net margin -2.6%) and EBITDA of -₹7.31 Lakh (EBITDA margin -1.8%). Revenue has declined at a compounded annual rate (CAGR) of 41% over three years and 33% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹95 Lakh on record. Court records list 18 cases involving the company, including 6 filed by the company and 12 filed against it; 3 cases are pending.
Company details
Contact details
Sharp Eye Advertising Private Limited's registered office is in New Delhi, Delhi. Its e-mail address is in the company report.
- Email
- Registered Address38 Rani Jhansi Road Jhandewalan, New Delhi, Delhi, India – 110055
- IndustryMedia and Publishing, Advertising Agencies & Media Services
To see the full contact details of Sharp Eye Advertising Private Limited, buy the company report.
- 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
Business activity
The main business activity of Sharp Eye Advertising is information and communication. In detail, this covers broadcasting and programming activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J4 | Broadcasting and programming activities |
To see the full business activity and turnover split of Sharp Eye Advertising Private Limited, buy the company report.
Financials of Sharp Eye Advertising Private Limited
FY 2021 filings availableSharp Eye Advertising Private Limited reported revenue of ₹4.1 Cr (down 52% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 33% over five years, including a 52% fall in the latest year. EBITDA fell 120% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA | -₹7.31 Lakh | ||||
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| Net Profit (PAT) | -₹10.73 Lakh | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA Margin | -1.8% | ||||
| Net Profit Margin | -2.6% | ||||
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To see the full financial statements and ratios of Sharp Eye Advertising Private Limited, buy the company report.
Board of directors of Sharp Eye Advertising Private Limited
Sharp Eye Advertising has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kavita Agarwal | Director | 30 Aug 2007 | 19 Years 2 Months | As last reported |
| Pooja Aggarwal Also directs: MP Infracon Private Limited, Ipk Exports Private Limited, Sharp Eye Medicare Private Limited and 1 more | Director | 07 Sep 2015 | 11 Years 1 Months | As last reported |
| Arpan Gupta Also directs: Crystal Business System Limited | Director | 10 Sep 2016 | 10 Years 1 Months | As last reported |
Auditor
Sharp Eye Advertising Private Limited is audited by B. A. S. & CO. LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B. A. S. & CO. LLP | FY 2019 | 323347E/E300008 |
Shareholding
The shareholding of Sharp Eye Advertising Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Sharp Eye Advertising Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jul 2006 | 10013668 | Citibank N.A. | ₹95 Lakh | Satisfied |
To see the full charge records of Sharp Eye Advertising Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Sharp Eye Advertising Private Limited has 18 court cases on record: 6 filed by Sharp Eye Advertising, 12 filed against it. 3 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 3 | 3 |
| NCLAT | 4 | 4 | 0 |
| District courts | 3 | 2 | 0 |
| NCLT | 2 | 2 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Appeal | Filed against the company by Rockman Advertising and Marketing (India) Ltd | Disposed |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Acute Daily Media Private Limited & Ors. and 5 others | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Acute Daily Media Private Limited | Disposed |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Rockman Advertising and Marketing (India) Ltd. | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Rockman Advertising and Marketing (India) Ltd. | Disposed |
To see the full case history of Sharp Eye Advertising Private Limited, 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 Sharp Eye Advertising Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sharp Eye Advertising Private Limited has a workforce of 2 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Sharp Eye Advertising has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AADCM7455P1ZT | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sharp Eye Advertising Private Limited, buy the company report.
Recent activity
Sharp Eye Advertising Private Limited has 11 board changes on record since 2007: 3 appointments and 8 cessations. The latest: Kavita Agarwal ceased to be Director on 01 Oct 2018.
4 earlier events are in the company report.
Frequently asked questions
Sharp Eye Advertising is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Sharp Eye Advertising is a company under insolvency, formerly operating as a private limited company based in New Delhi, Delhi, India. The company works in advertising agencies and media services, within the media and publishing industry. It was incorporated on 03 April 1997 and is registered under CIN U74300DL1997PTC086415. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Sharp Eye Advertising has 3 current directors:
- Kavita Agarwal - Director
- Pooja Aggarwal - Director
- Arpan Gupta - Director
The latest financial statements of Sharp Eye Advertising on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Sharp Eye Advertising is U74300DL1997PTC086415. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sharp Eye Advertising has no open charges and satisfied charges of ₹95 Lakh as per latest MCA filings.
Sharp Eye Advertising has 18 court cases on record: 6 filed by the company and 12 filed against it. 3 are pending. Most are in the high courts.
Sharp Eye Advertising was incorporated on 03 April 1997. It is registered with the Registrar of Companies, Delhi.
Kavita Agarwal ceased to be Director on 01 Oct 2018. Arpan Gupta ceased to be Additional Director on 29 Sep 2018. Pooja Aggarwal ceased to be Additional Director on 30 Sep 2016. Sharp Eye Advertising has 11 board changes on record in total.
The registered office of Sharp Eye Advertising is at 38 Rani Jhansi Road Jhandewalan, New Delhi, Delhi, India – 110055.
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