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

DIRECTOR’S AKC DEVELOPERS REPORT LIMITED
UFLEX LIMITED
to it and there are no undisputed amounts payable in respect of these dues which have been remained outstanding as
at 31st March, 2009 for a period of more than six months from the date they become payable. We were informed that
the operations of the company during the year did not give rise to any liability for Investor Education & Protection Fund,
Service Tax, Custom Duty, Excise Duty, Wealth Tax, Cess and Employee State Insurance.
ii. According to the information and explanations given to us, no dispute regarding Income Tax, Provident Fund and any
other statutory dues is pending. Therefore, clause 4(ix)(b) of the Companies (Auditor’s Report) Order, 2003 is not applicable
to the company.
10. The Company has been registered for a period of less than fi ve years and hence the provision of clause 4(ix)(b) of the Companies
(Auditor’s Report) Order, 2003 is not applicable to the company.
11. In our opinion and according to the information and explanations given to us, the company has taken term loans from bank
and fi rst installment is due in September, 2010.The Company has not issued any debentures during the year.
12. The Company has not granted any loan or advance secured by pledge of share, debenture and other security.
13. The Company is not a chit fund or a nidhi/ mutual benefi t fund/ society. Therefore, the provision of clause 4(xiii) of the Companies
(Auditor’s Report) Order, 2003 is not applicable to the Company.
14. The Company is not dealing or trading in shares, securities, debentures and other investments. Therefore, the provision of
clause 4(xiv) of the Companies (Auditor’s Report) Order, 2003 is not applicable to the Company.
15. According to information and explanations provided to us, the Company has not given any guarantee during the year for any
loan taken by others from any bank or fi nancial institution.
16. The company has applied the Term Loans for the purpose for which the loans were obtained.
17. According to the information and explanations given to us, we report that the company has not raised the funds on short-term
basis and accordingly no comment has been made in respect of matters specifi ed under Clause (xvii) of Para 4 of Companies
(Auditor’s Report) order, 2003.
18. The Company has made preferential allotment/allotment of Equity shares and Preference shares at par to parties and companies
covered in the Register maintained under Section 301 of the Companies Act, 1956.In our opinion, the price at which such
shares have been issued is not prejudicial to the interest of the company.
19. The Company has not issued any debentures during the fi nancial year; hence the provision of clause 4(xix) of the Companies
(Auditor’s Report) Order, 2003 is not applicable to the Company.
20. During the fi nancial year the Company has not raised any money by way of public issues; hence the provision of clause 4(xx) of
the Companies (Auditor’s Report) Order, 2003 is not applicable to the Company.
21. To the best of our knowledge & belief and according to the information and explanation given to us, no fraud on or by the
Company has been noticed or reported during the course of our audit.
| 160 | TWENTIETH ANNUAL REPORT 2008 - 2009
For Jain Singhal & Associates
Chartered Accountants
Place : NOIDA Pradeep Beri
Dated : 14th July, 2009 M. No: 82392
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