Now, I need to know how FLIP converts the orginal Hex file to the hex code it loads
in its buffer?

I have never used FLIP or WINISP, but I am sure, both does not convert.(At least they do need to do so!)

What you are loading into FLIP or WINISP, will be loaded at address 06E8.

And What you are looking in FLIP or WINISP is the starting address of the buffer. If you look at the address 06E8 in FLIP or WINISP, you will find the same data "002D2D2D" etc.

IA