23Rd ANNUAL REPORT and Statement of Accounts for the Year Ended 31St March 2014 NAGA LIMITED
Since 1962 NAGA LIMITED 23rd ANNUAL REPORT and Statement of Accounts for the Year Ended 31st March 2014 NAGA LIMITED Since 1962 BOARD OF DIRECTORS Sri. K.S. KAMALAKANNAN Chairman & Managing Director Smt. MAGESWARI KANNAN Joint Managing Director Sri. SOUNDER KANNAN Whole - Time Director Sri. L.A. IRUDAYARAJ Independent Director Dr. K. VENKATACHALAM Independent Director Sri. S. RAMESH Independent Director Sri. V. MARIKANNAN Company Secretary AUDITORS M/s. D. SAMPATHKUMAR & Co., Chartered Accountants 5, South Boag Road, T-Nagar, Chennai - 600 017 BANKERS : AXIS BANK LIMITED, DINDIGUL STATE BANK OF INDIA, DINDIGUL KARUR VYSYA BANK, DINDIGUL STANDARD CHARTERED BANK, MUMBAI REGISTERED OFFICE : No.1, Anna Pillai Street, Chennai - 600 001 FACTORIES 1) Naga Limited - Foods (Unit - I), No.1, Trichy Road, Dindigul - 624 005 2) Naga Limited - Foods (Unit - II), No.133, Trichy Road, Dindigul - 624 005 3) Naga Limited - Retail, No.1, Modern Nagar, Karur Road, Dindigul - 624 005 4) Naga Limited - Minerals, No.9, Trichy Road, Dindigul - 624 005 5) Naga Limited - Detergents, No.1, Oddanchatram Road, Vedasandur - 624 710 23rd ANNUAL REPORT AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31st MARCH 2014 NAGA LIMITED CHAIRMAN’S SPEECH DEAR STAKEHOLDERS OF NAGA, rd It is my pleasure to place your Company’s 23 Annual General Meeting and presenting the financial statements for the year 2013 - 2014 before you. Your company grew its consolidated revenues by 14.69% over the previous year, touching Rs.424.67 crores. But the cash profit is less by 5.74% comparing to last year. This is due to increase in finance cost and other direct expenses.
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