Our endeavour is to enhance Stakeholders' Value - Uflex Ltd.
Our endeavour is to enhance Stakeholders' Value - Uflex Ltd.
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 />
Notes <strong>to</strong> the Financial Statements for the year ended 31 March 2009<br />
21 Contingent liabilities<br />
2009 2008<br />
MXP Rs. in Lacs MXP Rs. in Lacs<br />
Letters of credit – – – –<br />
22 Capital commitments<br />
The estimated amount of contracts including under letters of credit remaining <strong>to</strong> be executed on capital account (net of<br />
advances) and not provided for MXP - NIL<br />
23 Bank facilities<br />
a. The Company has been sanctioned the Term Loan facility of Euro 39.00 Million from the KFW Ipex- Bank Gmbh. Out of the<br />
same the company has util<strong>is</strong>ed Euro 12.98 Million till 31st March 2009. The same <strong>is</strong> secured by way of hypothecation of<br />
Specifi c Plant & Equipments and pari pasu mortgage of Land & Building of the Company and are guaranteed by UFLEX<br />
LIMITED, the Parent company .<br />
b. The Company has been sanctioned the Term Loan facility of USD 20.00 Million from the State Bank of India, New York . Out<br />
of the same the company has not util<strong>is</strong>ed any amount till 31st March 2009. The same <strong>is</strong> secured by way of hypothecation<br />
of Specifi c Plant & Equipments and pari pasu mortagage of Land & Building of the Company and are guaranteed by UFLEX<br />
LIMITED, the Parent company .<br />
c. The Company has been sanctioned the Working Capital Facilities of USD 23.20 Million from the State Bank of India, New<br />
York . Out of the same the company has not util<strong>is</strong>ed any amount till 31st March 2009. The same <strong>is</strong> secured by way of<br />
hypothecation of current assets of the Company and are guaranteed by UFLEX LIMITED, the Parent company.<br />
24 Quantitative information<br />
a) Information in respect of class of goods manufactured and annual capacity:<br />
Class of Goods Unit<br />
Polyester Films/Metalized Films MT 26400<br />
Previous year fi gures have been given in brackets.<br />
b) Information in respect of production, sales & s<strong>to</strong>ck of goods manufactured:<br />
Unit Production Sales Op. S<strong>to</strong>ck Cl. S<strong>to</strong>ck<br />
Qty (MT) Qty (MT) <strong>Value</strong> (MXP) Qty (MT) <strong>Value</strong> (MXP) Qty (MT) <strong>Value</strong> (MXP)<br />
MT 525<br />
106 3,028,232.99<br />
-<br />
-<br />
419 6,925,644.42<br />
(-)<br />
(-)<br />
(-) (-)<br />
(-)<br />
(-)<br />
(-)<br />
Previous year fi gures have been given in brackets.<br />
c) Information in respect of raw materials consumed:<br />
Description Current Year Previous Year<br />
Qty (MT) <strong>Value</strong> (MXP) Qty (MT) <strong>Value</strong> (MXP)<br />
Polyester Chips 1,153 29,684,072.73 - -<br />
Others - 293,815.02 - -<br />
25 Comparative fi gures<br />
Previous year’s fi gures have been regrouped/reclassifi ed wherever necessary <strong>to</strong> conform <strong>to</strong> the presentation adopted in the<br />
current year.<br />
| 128 | TWENTIETH ANNUAL REPORT 2008 - 2009
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