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

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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
DIRECTOR’S AKC DEVELOPERS REPORT LIMITED ANNEXURE ‘A’ TO DIRECTORS’ REPORT UFLEX LIMITED Information regarding Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo Pursuant to Companies (Disclosures of Particulars in the Report of Board of Directors) Rules, 1988 and forming part of Directors’ Report. 1. CONSERVATION OF ENERGY a) Energy Conservation measures taken: The Company has constantly been emphasizing at optimization of energy consumption in every possible area. Various avenues are being explored at periodic intervals and after careful analysis and planning measures are being initiated to minimize the consumption of energy. During the period under review, the following measures were initiated/ adopted to conserve and optimize utilization of energy. i. Creating awareness amongst all of its staff members to make maximum use of natural lights and sensibly use electrical appliances like fans, air conditioners etc. ii. Reviewing on a periodic basis all the measures initiated/ adopted for conservation of energy. iii. Frequent cleaning of all lighting equipment like bulbs, tubes etc. b) Additional Investment and proposal, if any, being implemented for reduction of energy : No investment was made during the period under review. c) Impact of the measures at (a) & (b) above for reduction of energy consumption and consequent impact on the production of goods: Negligible d) Total consumption and energy consumption per unit of production as per Form ‘A’ of the Annexure to the rules in respect of industries specifi ed in the schedule thereto: Not Applicable. 2 (A) RESEARCH AND DEVELOPMENT Since no research and development activities have been carried out by the Company during the period under review, the Company has not incurred any expenditure. (B) TECHNOLOGY ABSORPTION, ADAPTATION AND INNOVATION The Company has not imported any technology during the period. (C) FOREIGN EXCHANGE EARNING AND OUTGO (Rs. in Lacs) (a) Earnings in Foreign Exchange Nil (b) Expenditure Nil For and on behalf of the Board Place : NOIDA Vipin Mital Dated : 14th July, 2009 Chairman TWENTIETH ANNUAL REPORT 2008 - 2009 | 157 | S U B S I D I A R I E S
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Stone Laying Ceremony - Egypt Plant
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Our vision is to create total fl ex
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CORPORATE INFORMATION UFLEX LIMITED
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