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

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| 56 | UFLEX LIMITED DIRECTOR’S CONSOLIDATED REPORT PROFIT & LOSS ACCOUNT CONSOLIDATED PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2009 Schedule For the Year Ended (Rs. in lacs) For the Year Number 31.03.2009 Ended 31.03.2008 A. INCOME Gross Sales & Job Work 17 241470.76 197780.33 Less : Inter unit Sales & Job Work 22630.36 19070.70 Less : Excise Duty 14630.43 14816.68 Net Sales & Job Work 204209.97 163892.95 Other Income 18 11760.70 9590.86 Share of Profi t of Associate for the Year 395.46 333.29 Increase in Finished Goods & Work-in-Progress 19 937.65 2573.88 TOTAL (A) : 217303.78 176390.98 B. EXPENDITURE Material Cost 20 115281.42 101955.83 Other Manufacturing Expenses 21 26711.42 19903.83 Payments & Benefi ts to Employees 22 10796.64 8877.64 Administrative, Selling & Other Expenses 23 25972.34 16579.71 Interest & Financial Charges 24 10487.34 8334.32 Depreciation 10028.69 8509.54 TOTAL 199277.85 164160.87 Less : Expenses Allocated to Self Constructed Assets 25 679.44 466.71 TOTAL (B) : 198598.41 163694.16 Profi t before Tax and Exceptional Items (A-B) (Less): Provision for Taxation 18705.37 12696.82 - For Income Tax (1057.31) (1363.37) - For Fringe Benefi t Tax (138.20) (172.99) - For Wealth Tax (16.01) (18.87) (Less) : Provision for Deferred Tax (Charge) (2142.96) (7.68) Exceptional Items (Net of Tax) 3320.38 - Profi t After Tax Add / (Less) :Excess / (Short) Provision for earlier years 18671.27 11133.91 - For Wealth Tax - 0.01 - For Fringe Benefi t Tax - 48.61 - For Income Tax (20.24) (150.64) - For Expenses (1.42) (47.72) Profi t for the year before Minority Interest 18649.61 10984.17 (Less) : Minority Interest (0.67) - Amount available for Appropriations Appropriations 18648.94 10984.17 Proposed Dividend 2600.26 2600.26 Proposed Dividend Distribution Tax 441.92 441.92 General Reserve 1046.00 610.00 Debenture Redemption Reserve 1984.90 163.96 Balance carried to Balance Sheet 12575.86 7168.03 18648.94 10984.17 A. Before Exceptional Items a. Basic Earning Per Share (Rs.) 23.58 19.77 b. Diluted Earning Per Share (Rs.) 19.09 13.55 B. After Exceptional Items a. Basic Earning Per Share (Rs.) 28.69 19.77 b. Diluted Earning Per Share (Rs.) 23.19 13.55 Notes : 1. The Schedules referred to above form an integral part of the Consolidated Profi t & Loss Account. 2. Signifi cant Accounting Policies and Notes forming part of the Accounts as per Schedules 26 & 27 respectively are annexed and form an integral part of the Consolidated Profi t & Loss Account. R.K.Jain President (Corp. Finance & Accounts) Rakesh Malhotra General Manager (Accounts) Place : NOIDA Dated : 30 th July, 2009 TWENTIETH ANNUAL REPORT 2008 - 2009 For and on behalf of the Board of Directors R.P.Agrawal Director Ajay Krishna Vice President (Legal) & Company Secretary Ashok Chaturvedi Chairman & Managing Director This is the Consolidated Profi t & Loss Account referred to in our report of even date For Vijay Sehgal & Co. Chartered Accountants S.V.Sehgal Partner
DIRECTOR’S CONSOLIDATED REPORT CASH FLOW UFLEX LIMITED CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2009 For the Year Ended (Rs.in lacs) For the Year Ended 31.03.2009 31.03.2008 A. CASH FLOW FROM OPERATING ACTIVITIES Net Profi t before tax ,exceptional items & Minority Interest Adjustment for : 18705.37 12696.82 Depreciation / Amortisation 10039.18 8518.63 Exchange rate fl uctuations (1691.74) (765.56) Foreign Currency Translation Reserve (5200.95) (59.57) (Profi t) / Loss on assets sold (Net) 226.73 422.93 Interest & Financial Charges 10487.34 8334.32 Interest received from Banks / others (1045.39) (1878.27) Interest received on Investments (6.63) - Dividend received on Non- Trade Investments (612.36) (454.96) Profi t on sale of Investments (Net) (377.42) (45.55) Sundry Debit Balances written off (Net) 2689.13 230.61 Expenses For Earlier Years (1.42) (47.72) Provision for diminution in the Value of Investment 69.05 69.06 Fixed Assets written Off 0.42 3.69 Gratuity Liability for Translation Period - (387.64) Bad & Doubtful Debts (Provision) 628.01 15203.95 49.55 13989.52 Operating Profi t before Working Capital changes Adjustment for : 33909.32 26686.34 Trade and other receivables (26282.34) (20309.58) Inventories (2969.85) (3093.23) Trade and other payables 3798.07 (25454.12) 12584.16 (10818.65) Cash generated from operating activities 8455.20 15867.69 Wealth tax (16.01) (18.86) Fringe Benefi t Tax (138.20) (124.38) Dividend Paid (2600.26) - Dividend Distribution Tax (441.92) - Income Tax (1077.55) (1514.01) Exchange rate fl uctuations 1691.74 (2582.20) 765.56 (891.69) Cash from operating activities before exceptional items 5873.00 14976.00 Exceptional items (Net of Current Taxes) 4404.83 - Net Cash from operating activities (A) 10277.83 14976.00 B. CASH FLOW FROM INVESTING ACTIVITIES (Purchase) of Fixed Assets (30296.48) (36551.85) Sale proceeds of Fixed Assets 535.84 147.14 Infl ow / (Outfl ow) on Investments (Net) 19659.39 (27255.50) Capital Reserve arising on acquisition 18.09 - Interest received from Banks / others 1045.39 1878.27 Interest received on Investments 6.63 - Dividend received on Investments 612.36 454.96 Net Cash used in Investing Activities (B) (8418.78) (61326.98) C. CASH FLOW FROM FINANCING ACTIVITIES Receipt of Securities Premium Account 2.94 24553.88 Receipts from issue of Warrants - 1790.68 FCCB Issue Expenses - (136.79) Preliminary Expenses (4.87) - Share Capital Received 0.19 1138.35 Addition in Minority Interest 877.87 - Interest & Financial Charges (10487.34) (8334.32) Premium on Redemption of OFCD - (17947.13) Additions of Borrowings (Net) (8008.80) 22858.93 Net Cash used in Financing Activities (C ) (17620.01) 23923.60 Net (Decrease) in Cash and Cash equivalents (A+B+C) (15760.96) (22427.38) Opening Cash and Cash equivalents 27659.60 50086.98 Closing Cash and Cash equivalents 11898.64 27659.60 R.K.Jain President (Corp. Finance & Accounts) Rakesh Malhotra General Manager (Accounts) Place : NOIDA Dated : 30 th July, 2009 For and on behalf of the Board of Directors R.P.Agrawal Director Ajay Krishna Vice President (Legal) & Company Secretary Ashok Chaturvedi Chairman & Managing Director This is the Consolidated Cash Flow Statement referred to in our report of even date For Vijay Sehgal & Co. Chartered Accountants S.V.Sehgal Partner TWENTIETH ANNUAL REPORT 2008 - 2009 | 57 | C O N S O L I D A T E D
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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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Key People Shri Pradeep Tyle Sr. Pr
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