Our endeavour is to enhance Stakeholders' Value - Uflex Ltd.
Our endeavour is to enhance Stakeholders' Value - Uflex Ltd.
Our endeavour is to enhance Stakeholders' Value - Uflex Ltd.
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STATEMENT PURSUANT TO SECTION 212<br />
UFLEX LIMITED<br />
STATEMENT PURSUANT TO SECTION 212 OF THE COMPANIES ACT, 1956 RELATING TO SUBSIDIARY<br />
COMPANY<br />
S. NAME OF THE FINANCIAL EXTENT OF NET AGGREGATE AMOUNT OF PROFITS/(LOSSES) NET AGGREGATE AMOUNT OF PROFITS/<br />
NO. SUBSIDIARY YEAR OF THE INTEREST OF OF THE SUBSIDIARY SO FAR AS IT CONCERNS (LOSSES) OF THE SUBSIDIARY SO FAR AS IT<br />
COMPANY SUBSIDIARY THE HOLDING THE MEMBERS OF THE HOLDING COMPANY AND CONCERNS THE MEMBERS OF THE HOLDING<br />
COMPANY IS NOT DEALT IN THE ACCOUNTS OF HOLDING COMPANY AND IS DEALT IN THE ACCOUNTS<br />
AS ON 31ST COMPANY FOR THE FINANCIAL YEAR AND OF HOLDING COMPANY FOR THE FINANCIAL<br />
MARCH 2009<br />
PREVIOUS FINANCIAL YEARS<br />
YEAR AND PREVIOUS FINANCIAL YEARS<br />
CURRENT YEAR PREVIOUS YEAR CURRENT YEAR PREVIOUS YEAR<br />
1 Flex America Inc. 3/31/2009 100% US $ 44,405 Equivalent US $3,25,504 Equivalent<br />
NIL NIL<br />
<strong>to</strong> Rs. 22.53 Lacs <strong>to</strong> Rs. 165.13 Lacs<br />
2 Flex Middle East<br />
FZE<br />
3 Flex Europe<br />
Private Limited<br />
4 UTech<br />
Developers<br />
Limited<br />
5 UFLEX Packaging<br />
Inc.<br />
6 UPET Holdings<br />
Limited<br />
7 UTech Retailers<br />
Limited<br />
8 AKC Developers<br />
Limited @<br />
9 UPET (Singapore)<br />
Pte. Limited<br />
10 Flex Americas<br />
S.A. de C.V. @<br />
11 Flex P. Films<br />
(Egypt) S.A.E.<br />
R.K.Jain<br />
President (Corp. Finance & Accounts)<br />
Rakesh Malhotra<br />
General Manager (Accounts)<br />
3/31/2009 100% US $ 1,74,27,527 US $ 2,14,14,161<br />
equivalent <strong>to</strong> Rs.8840.98 equivalent <strong>to</strong><br />
Lacs<br />
Rs.10,863.40 Lacs<br />
3/31/2009 100% GBP (20,463) equivalent GBP (20,797) equivalent<br />
<strong>to</strong> Rs. (14.87) Lacs <strong>to</strong> Rs. (15.12) Lacs<br />
US $ 58,46,995 US $ 59,80,874<br />
equivalent <strong>to</strong><br />
equivalent <strong>to</strong><br />
Rs.2966.18 Lacs Rs.3034.10 Lacs<br />
NIL NIL<br />
3/31/2009 100% Rs.(472.80) Lacs Rs.1332.58 Lacs NIL NIL<br />
3/31/2009 100% US $ 9593 equivalent <strong>to</strong><br />
Rs. 4.87 Lacs<br />
US $ 881 equivalent <strong>to</strong><br />
Rs.0.45 Lacs<br />
NIL NIL<br />
3/31/2009 100% US $ (20,367) equivalent<br />
<strong>to</strong> Rs. (10.33) Lacs<br />
NIL NIL NIL<br />
SUBSIDIARY OF UTECH DEVELOPERS LIMITED<br />
3/31/2009 100% NIL NIL NIL NIL<br />
3/31/2009 70% Rs. 19.92 Lacs NIL NIL NIL<br />
SUBSIDIARY OF UPET HOLDINGS LIMITED<br />
3/31/2009 100% US $ (5498) equivalent<br />
<strong>to</strong> Rs. (2.79) Lacs<br />
NIL NIL NIL<br />
SUBSIDIARY OF UPET (SINGAPORE) LIMITED<br />
3/31/2009 100% MXP (419.28) Lacs<br />
Equivalent <strong>to</strong> Rs.<br />
(1478.58) Lacs<br />
NIL NIL NIL<br />
SUBSIDIARY OF FLEX MIDDLE EAST FZE<br />
3/31/2009 100% NIL NIL NIL NIL<br />
@ Represents Accumulated amount up<strong>to</strong> 31st March 2009.<br />
Notes : 1 As the end of the Financial Year of the Subsidiaries ended 31st March, 2009 coincides with the end of the Financial Year of the Holding Company,<br />
Section 212(5) of the Companies Act, 1956 <strong>is</strong> not applicable.<br />
2 Following Rates are used for conversion of the Amount<br />
a 1 USD Equivalent <strong>to</strong> Rs. 50.73<br />
b 1 GBP Equivalent <strong>to</strong> Rs. 72.68<br />
c 1 MXP Equivalent <strong>to</strong> Rs.3.526<br />
Place : NOIDA<br />
Dated : 30 th July, 2009<br />
For and on behalf of the Board of Direc<strong>to</strong>rs<br />
R.P.Agrawal<br />
Direc<strong>to</strong>r<br />
Ajay Kr<strong>is</strong>hna<br />
Vice President (Legal) &<br />
Company Secretary<br />
Ashok Chaturvedi<br />
Chairman & Managing Direc<strong>to</strong>r<br />
TWENTIETH ANNUAL REPORT 2008 - 2009<br />
| 53 |<br />
C O M P A N Y
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