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

DIRECTOR’S FLEX AMERICA REPORT INC.
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UFLEX LIMITED
BALANCE SHEETS AT MARCH 31,
2009 2008
ASSETS
CURRENT ASSETS:
$ Rs in Lacs $ Rs in Lacs
Cash 226,491 114.90 509,841 258.64
Accounts receivable (Note A) 2,480,300 1,258.26 3,426,626 1,738.33
Inventories (Notes A & C) 1,437,645 729.32 3,062,439 1,553.58
Prepaid expenses 16,274 8.26 18,064 9.16
Other receivables 1,333 0.68 28,102 14.26
TOTAL CURRENT ASSETS
EQUIPMENT
4,162,043 2,111.42 7,045,072 3,573.97
Equipment and automobiles- net (Notes A & G)
OTHER ASSET
33,599 17.04 34,992 17.75
Security deposits 2,147 1.09 4,518 2.29
TOTAL ASSETS
LIABILITIES & STOCKHOLDERS EQUITY
CURRENT LIABILITIES:
4,197,789 2,129.55 7,084,582 3,594.01
Accounts payable 3,696,291 1,875.13 6,150,078 3,119.93
Accrued expenses 13,589 6.89 9,000 4.57
Customer deposits - - 500,000 253.65
Taxes payable 18,000 9.13 - -
TOTAL CURRENT LIABILITIES
STOCKHOLDER’S EQUITY
3,727,880 1,891.15 6,659,078 3,378.15
Common stock no par value
100000 shares authorized, issued and outstanding
100,000 50.73 100,000 50.73
Retained earnings 369,909 187.65 325,504 165.13
469,909 238.38 425,504 215.86
TOTAL LIABILITIES AND STOCKHOLDER’S EQUITY 4,197,789 2,129.53 7,084,582 3,594.01
The accompanying notes are an integral part of these fi nancial statements.
All the fi gures have been converted by using the rate of Rs. 50.73/ 1 US$ as on 31/03/2009.
TWENTIETH ANNUAL REPORT 2008 - 2009