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

DIRECTOR’S AKC DEVELOPERS REPORT LIMITED
SCHEDULES
UFLEX LIMITED
| 164 | TWENTIETH ANNUAL REPORT 2008 - 2009
As at 31.03.2009
(Rupees)
As at 31.03.2008
(Rupees)
1 SHARE CAPITAL
AUTHORISED
28,00,000 (Previous Year Nil) Preference Shares of Rs.100/- each 280,000,000 –
20,00,000 (Previous Year 500,000) Equity Shares of Rs, 10/- each 20,000,000 5,000,000
300,000,000 5,000,000
ISSUED, SUBSCRIBED & PAID-UP
(A) Preference Shares #
27,50,000(Previous Year Nil) 5% Redeemable, Non Cumulative
Preference Shares of Rs.100/- each fully paid -up
(B) Equity Shares
15,00,000( Previous Year 60,000)
275,000,000 –
Equity Shares of Rs, 10/- each fully paid -up 15,000,000 600,000
290,000,000 600,000
TOTAL (A+B) 290,000,000 600,000
# Preference Shares are redeemable on the expiry of 11 Years from the date of Issue i.e. 15th January 2009 at a Premium of 10%.
However, the same could be redeemed at the option of the Company after the expiry of 5 years at a premium of 5% in one or
more tranches before the fi nal maturity.
2 RESERVE & SURPLUS
Profi t/(Loss) brought from Previous Year (156,164) -
Add:- Transfer from P & L A/c 3,001,369 -
2,845,205 -
3 SECURED LOANS
TERM LOANS
From a Bank 181,346,664 -
TOTAL: 181,346,664 -
Notes: Term Loans from a Bank are secured by way of (a) First Hypothecation charge over the Specifi c Fixed Assets of the
Company situated at Gwalior (M.P.), Faridabad (Haryana) and Bareilly (U.P.) (b) Second Hypothecation charge over
the Current Assets of the Company and (c) Equitable mortgage over the leasehold land of the Company along with
Superstructures constructed / to be constructed thereon, which is yet to be Created.
4 FIXED ASSETS
PARTICULARS
Value/
cost As at
01.04.2008
GROSS BLOCK DEPRECIATION BLOCK NET BLOCK
Additions
during the
year
On Sales/
adjustment
Value/
Cost As at
31.03.2009
Upto
31.03.2008
For the
year
On Sales/
adjustment
As at
31.03.2009
As at
31.03.2009
(Rupees)
As at
31.03.2008
Plant &
Machinery
– 1,856,363 – 1,856,363 – 49,283 – 49,283 1,807,080 –
Offi ce
Equipments
– 49,429 – 49,429 – 568 – 568 48,861 –
Furniture &
Fixures
– 40,784 – 40,784 – 1,074 – 1,074 39,710 –
Vehicles – 759,142 – 759,142 – 61,054 – 61,054 698,088 –
Computer – 446,670 – 446,670 – 40,540 – 40,540 406,130 –
TOTAL – 3,152,388 – 3,152,388 – 152,519 @ – 152,519 2,999,869 –
Previous Year (–) (–) (–) (–) (–) (–) (–) (–)
CAPITAL WORK - IN - PROGRESS*** 192,808,084 359,463
*** Includes Pre-operative expenses, basis of which is certifi ed by the Management.
@ Includes Rs. 95,439/- (Previous year Rs. Nil) transferred to Preoperative Expenses.
195,807,953 359,463