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

DIRECTOR’S REPORT
3. Future plan of action
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UFLEX LIMITED
Steps are continuously being taken for innovation
and renovation of products including new product
development and enhancement of product quality/
profi le, to off er better products at relatively aff ordable
prices/process to customers.
4. Expenditure on R&D
During the year, the Company spent Rs.10.62 lacs. This is
equivalent to 0.01% of the turnover.
Technology absorption, adaptation & innovation
1. Eff orts, in brief, made towards technology absorption,
adaptation and innovation
The Company as a matter of policy exposes its technical
staff to latest technological developments by encouraging
them to participate in domestic as well as global technical
seminars and expositions; this helps them to further
improve their knowledge and skills, which in turn results
in better quality products and increased productivity.
2. Benefi ts derived as a result of the above eff orts
Product innovation and renovation, improvement in yield,
product quality, input substitution, cost eff ectiveness and
energy conservation as the major benefi ts.
The Company has also developed some new products
during the year as follows:
(i) Extra Clear coextruded BOPET Film in 12, 23 & 36
micron thicknesses.
(ii) Clear CLR 12 micron coextruded coated BOPET fi lm
(iii) Opaque White 36 & 50 micron BOPET fi lm
(iv) Heat Scalable 12, 18 & 23 nicron BOPET fi lm
(v) Coextruded Film (HSL) fi lm
(vi) Direct Embossable Film
(vii) Hard Embossable Film
(viii) Chemically coated BOPET Film FCU with improved
bond strengths of 400-500 gm/25 mm.
(ix) BOPP fi lms with exceptionally high heat seal strength
upto 1200 gm/25 mm (both metalized & plain) in 25,
30 & 35 micron thicknesses. This enhances the seal
integrity of the laminate.
(x) Development of Matt BOPP fi lm with excellent
release & dead fold properties for tailored release
applications for Board/Ply applications.
TWENTIETH ANNUAL REPORT 2008 - 2009
(xi) Development of metalized BOPP fi lm with high
thermal resistance for hot lamination. This eliminates
the problem of metal layer cracking during hot
lamination process and thereby protects the barrier
properties of the laminate.
3. Imported Technology
The Company has imported new machineries during the
year under review.
C. GLOBAL BUSINESS STRATEGIES
In order to serve our global base of customers, we have started
expanding globally into diff erent regions in order to get closer
to the customers. This enables us to serve our customers with
better & quick deliveries as well as with reduced shipping times.
This also reduces the freight cost.
Currently we are exporting to our customers present in 95
countries across the globe. Our endeavour is to add couple of
more countries during this year.
D. FOREIGN EXCHANGE EARNINGS AND OUTGO
1. Activities relating to exports:
Initiatives taken to increase exports; development of new
export markets for products and service and export plans.
The Company is at present exporting its products to USA,
Europe, Asia Pacifi c, Middle East, Africa & other countries.
The Company is continuously exploring possibilities of
exporting more of its products to diff erent markets.
2. During the period under review:
(Rs. in lacs)
a) Earnings in Foreign Exchange
i) F.O.B. value of export of
manufactured/Traded Goods
30491.98
ii) Design & Art work Recovery 91.08
iii) Technical Services 2019.66
iv) Dividend 2888.18
b) Expenditure
i) CIF Value of Imports 23873.06
ii) Expenditure in Foreign Currency 1375.48
For & On behalf of the Board
Place : NOIDA ASHOK CHATURVEDI
Dated : 30th July, 2009 Chairman & Managing Director