A. Key Management Personnel and relatives of Key Management Personnel:
1. Key Management Personnel:
Harpreet Singh
2. Relatives of Key Management Personnel
Charanpreet Singh, Gurdeep Singh, TanuPreet Kaur, Avtar Singh
B. Associates:
i) Taksonz Developers & Infrastructure Ltd.
ii) Kartarz Alloys P.Ltd.
iii) Preet Overseas
iv) Kartarz Hotel Estates P.Ltd.
v) Avtar Singh & Sons
vi) Parav Knitwear
vii) Tarunjeet Singh & Sons
viii) Preet Fabrics
ix) H.S.Knitwear
x) Gurdeep Singh & Sons
xi) Harpreet Singh & Sons
xii) Takkar Knit Fab
xiii) Kartar Alloys P.Ltd.
Pursuant to Accounting Standard (AS-22) - Accounting for Taxes on Income. The company has recorded a net accumulative deferred Tax Liability of Rs. 427517.00 up to 31.03.2016. Further impact of deferred tax Liability of Rs.369871.00 for the year ended 31.03.2017 has been debited to Profit & Loss Account making the total exposure of deferred tax Liability Rs.797388.00 as on year ended 31.03.2017. A detailed bifurcation between current tax and deferred tax charge is made at the year end.
Exchange difference earnings : During the year company has made an import of scrap(raw material) having CIF value of such import is Rs.2,71,26,873/-. The fluctuation/ foreign exchange difference has already has been debited to purchase account.
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