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

DIRECTOR’S AKC DEVELOPERS REPORT LIMITED
UFLEX LIMITED
Your Directors welcome Mr. Nazim Mohamed Ashraf Furniturewala and Mr. Vipin Agarwal on the Board of the Company and also
take this opportunity to place on record their appreciation for the valuable services rendered by Mr. Nadeem Mohamed Ashraf
Furniturewala and Mr. R.K. Jain during their tenure as Directors of the Company.
Mr. Nazim Mohamed Ashraf Furniturewala and Mr. Vipin Agarwal hold offi ce upto the forthcoming Annual General Meeting. Your
Directors recommend their appointment as Directors on the Board of the Company.
None of the Directors of your Company is disqualifi ed as per provision of Section 274 (1)(g) of the Companies Act, 1956.
Major Narender Pal was appointed as “Manager” under Companies Act,1956 with eff ect from 04.07.2009.
AUDITORS
The Auditors of the Company, M/s Jain Singhal & Associates, Chartered Accountants, New Delhi Auditors of the Company, retire at
the conclusion of the forthcoming Annual General Meeting and being eligible off er themselves for re-appointment.
The observation of the Auditors and the relevant notes on the accounts are self-explanatory and therefore, do not call for any further
comments.
DIRECTORS’ RESPONSIBILITY STATEMENT
Pursuant to Section 217(2AA) of the Companies Act, 1956 and subject to disclosures in the Annual Accounts, we state as under :-
i) that in the preparation of the annual accounts for the fi nancial year ended 31st March, 2009, the applicable accounting
standards have been followed and that there have been no material departures.
ii) that the Directors have selected such accounting policies and applied them consistently and made judgment and estimates
that were reasonable and prudent so as to give a true and fair view of the state of aff airs of the Company at the end of the
fi nancial year and of the profi ts of the Company for the year under review.
iii) that the Directors have taken proper and suffi cient care for the maintenance of adequate accounting records in accordance
with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting
fraud and other irregularities.
iv) that the Directors have prepared the annual accounts on a going concern basis.
PARTICULARS OF EMPLOYEES
There are no employees whose particulars are required to be furnished pursuant to Section 217 (2A) of the Companies Act, 1956,
read with the Companies (Particulars of Employees) Rules, 1975.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO
Information under Section 217(1)(e) of the Companies Act, 1956, read with the Companies (Disclosure of Particulars in the Report of
Board of Directors) Rules, 1988 is given in Annexure ‘A’ forming part of this Report.
PERSONNEL
Relations with the Employees remain cordial and harmonious throughout the year, thereby strengthening the commitment of the
Employees at all level to the growth of the Company.
ACKNOWLEDGEMENT
The Directors acknowledge with gratitude the cooperation extended by various Government Agencies, Banks and other stakeholders
during the period under review. The Board also takes this opportunity to express its deep gratitude for the continuous support and
wholehearted cooperation given by the employees of the Company working at various levels.
| 156 | TWENTIETH ANNUAL REPORT 2008 - 2009
For and on behalf of the Board
Place : NOIDA Vipin Mital
Dated : 14th July, 2009 Chairman