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Our endeavour is to enhance Stakeholders' Value - Uflex Ltd.

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UFLEX LIMITED<br />

DIRECTOR’S FLEX AMERICAS REPORT S.A. DE C.V.<br />

Statement of Changes in Equity for the year ended 31 March 2009<br />

Share capital Application money Retained earnings Proposed dividend Total<br />

(Amount in MXP) (Amount<br />

Rs. in<br />

Lacs)<br />

(Amount<br />

in MXP)<br />

(Amount<br />

Rs. in<br />

Lacs)<br />

| 122 | TWENTIETH ANNUAL REPORT 2008 - 2009<br />

(Amount in MXP) (Amount<br />

Rs. in<br />

Lacs)<br />

(Amount<br />

in MXP)<br />

(Amount<br />

Rs. in<br />

Lacs)<br />

(Amount in MXP) (Amount<br />

Rs. in<br />

Lacs)<br />

As at 31 March 2008 500,000.00 17.65 - - - - - - 500,000.00 17.65<br />

Proposed dividend -<br />

-<br />

-<br />

-<br />

-<br />

-<br />

-<br />

-<br />

-<br />

-<br />

Dividend paid -<br />

-<br />

-<br />

-<br />

-<br />

-<br />

-<br />

-<br />

-<br />

-<br />

Net profi t for the year - - - - (525,171.41) (18.54) - - (525,171.41) (18.54)<br />

As at 31 March 2008 500,000.00 17.65 - - (525,171.41) (18.54) - - (25,171.41) (0.89)<br />

Fund introduced/<br />

(withdrawn)<br />

322,974,087.31 11,400.99 -<br />

-<br />

-<br />

-<br />

-<br />

- 322,974,087.31 11,400.99<br />

Proposed dividend -<br />

Dividend paid -<br />

Net profi t for the year -<br />

-<br />

-<br />

-<br />

-<br />

-<br />

-<br />

-<br />

-<br />

-<br />

-<br />

-<br />

-<br />

-<br />

(41,402,844.42) (1,461.51) -<br />

-<br />

-<br />

-<br />

-<br />

-<br />

-<br />

-<br />

-<br />

-<br />

(41,402,844.42) (1,461.51)<br />

As at 31 March 2009 323,474,087.31 11,418.64 - - (41,928,015.83) (1,480.05) - - 281,546,071.48 9,938.59<br />

The accompanying notes 1 <strong>to</strong> 25 form an integral part of these fi nancial statements.<br />

Approved by the Shareholder Company on 15th June 2009 and signed on its behalf by:<br />

PRADEEP TYLE P.L. SIRSAMKAR<br />

Direc<strong>to</strong>r Direc<strong>to</strong>r

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