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 U TECH DEVELOPERS REPORT LIMITED<br />
ii. Subsidiaries<br />
a) U Tech Retailers <strong>Ltd</strong><br />
b) AKC Developers Limited<br />
iii. Subsidiaries of Holding Company<br />
a) Flex America Inc<br />
b) Flex Middle East FZE<br />
c) Flex Europe Pvt <strong>Ltd</strong><br />
d) UBIO Chemicals <strong>Ltd</strong> (up <strong>to</strong> 29-03.2009)<br />
e) Flex Americas S.A.de C.V., Mexico<br />
f) Ufl ex Packaging Inc., USA<br />
g) UPET Holdings <strong>Ltd</strong>., Mauritius<br />
h) UPET (Singapore) Pte. <strong>Ltd</strong>.<br />
iv. Associate of Holding Company<br />
Flex Foods Limited<br />
v. Joint Venture Company<br />
Qcell Limited<br />
vi. Individual owning indirect interest in voting power of the company<br />
Mr. Ashok Chaturvedi<br />
vii. Key Management Personnel<br />
Mr. S.K.Sharma<br />
viii. Enterpr<strong>is</strong>es in which the persons referred in (vi) Alongwith their relative exerc<strong>is</strong>e signifi cant infl uence:<br />
Ultimate Flexipack <strong>Ltd</strong>, Cinfl ex Infotech Pvt. <strong>Ltd</strong>., Club One Airways Pvt. <strong>Ltd</strong>, Flex Industries Pvt. <strong>Ltd</strong>. AC Infratech Pvt. <strong>Ltd</strong>,<br />
RC Properties Pvt. <strong>Ltd</strong>., A <strong>to</strong> Z Infratech Pvt. <strong>Ltd</strong>., Ultimate Infratech Pvt.<strong>Ltd</strong>., Flex International Pvt <strong>Ltd</strong> , Anshika Investments<br />
Pvt <strong>Ltd</strong>, Anant Overseas Pvt <strong>Ltd</strong>, Apoorva Extrusion Pvt <strong>Ltd</strong>, Anshika Consultants Pvt <strong>Ltd</strong>, A R Leasing Pvt <strong>Ltd</strong>, Ultimate<br />
Enterpr<strong>is</strong>es Pvt <strong>Ltd</strong>, Kaya Kalpa Medical Services Pvt <strong>Ltd</strong>, A R Airways Pvt. <strong>Ltd</strong>, A R Infrastructures & Projects Pvt <strong>Ltd</strong>, AR<br />
Aerotech Pvt <strong>Ltd</strong>, AC infrastructures Pvt. <strong>Ltd</strong><br />
The Company has entered in<strong>to</strong> transactions with certain parties l<strong>is</strong>ted above during the year under consideration.<br />
(In Rupees)<br />
Transactions Holding Subsidiaries Joint Venture Enterpr<strong>is</strong>es referred <strong>to</strong> in<br />
Company<br />
(viii) above<br />
i) Trade Transactions<br />
Lease rent paid 674,160 - - -<br />
Advance - - - 57,500,000<br />
Total 674,160 - - 57,500,000<br />
ii) Non trade transaction<br />
Loan taken 919,500,000 - - -<br />
Amount Re-paid for loan taken 131,266,220 - - -<br />
Interest Paid on Loan 53,082,192 - - -<br />
Loan given - 11,573,679 - -<br />
Investments 203,499,990 500,000 73,470,000 -<br />
Total<br />
Balance as on 31.03.2009<br />
1,307,348,402 12,073,679 73,470,000 -<br />
Debit – 11,573,679 73,470,000 57,500,000<br />
Credit 1,160,733,780 – – –<br />
7. Managerial Remuneration:<br />
(In Rupees)<br />
Current Year Previous Year<br />
i) Salaries Including HRA 1,701,000 1,526,232<br />
ii) Medical Reimbursement 15,000 15,000<br />
iii) Exgratia 8,400 8,400<br />
iii) Perqu<strong>is</strong>ite value of electricity, car & rent free accommodation provided,<br />
evaluated as per Income Tax Rules,1962(net of recovery)<br />
- 4,685<br />
Total 1,724,400 1,554,317<br />
| 144 | TWENTIETH ANNUAL REPORT 2008 - 2009
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