"

maestros

CIN I LLPIN : L74900MH2010PL200254

Date: 27-W~bW6g technology for you

To
Bombay Stock Exchange Limited,
1st Floor, P.J. Towers,
Dalal Street,
Murnbai - 400001
Scrip Code: 538401
Subject: Outcome of Board meeting of the Company held today i.e. on 27th May, 2016

Dear Sir/Madam,
It is hereby informed that the Board of Maestros Electronics & Telecommunications Systems
Limited, today at the registered office of the Company situated at Plot No. E1I66, TTC Industrial
Area, Electronic Zone, Mahape, Navi Mumbai 400710 approved audited Financial Results for
quarter and year ended March 31, 2016.
A copy of the results alongwith Auditor's Report is enclosed herewith.
,

Form A and Declaration pursuant to Regulation 33 is attached herewith.

Kindly take the same on your records.

For and on behalf of

Maestros Electronics & Telecommunications
(Scrip code: 538401)

Systems Limited

Balkrishna
a alakar Tendul
Managing Director
DIN: 02448116

Maestros Electronics & Telecommunications Systems Limited

EL- 66, HC Industrial Area, Electronic Zone, Mahape, Navi Mumbai - 400710 INDIA.
Tel.: +91-22-27611193/27611194 Fax: +91-22-27622153 website: www.metsl.in

"

Chartered Accountants
C-9, Sanjay Apartment, S.V.P. Road
Near Gokul Hotel, Borivali (West)
Mumbai -400092.

+91-2228916494/95
EmailID:-dmkhco@gmail.com

Auditor's Report on Quarterly Financial Results and Year to Date Results of the Company
Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015

To
Board of Directors of
--"-,,.~.._~~bh____
Maestros Electronics&,Telecommunications

b..~.~'

..~~
..

Systems Limited

/'"

,
,

We

have

f
;

audited
~_;~

the

",,"-=;W""""1<

quatferly
~ __
x:-

financial

~splts

of

Maestros

Electronics

&

, r ended 31st March 2016 and the year to

~\~'\.

Telecommunicati~ns Syst ft, s Limited for the

date results for tHe peri

h 2016

attached herewith, being

*S%.

submitted by the Companylpursuant to the requirement" fRegulation 33 of the SEBI (Listing

Obligations and Disclos \

Requirements' Regulations

results as well as! the yea

financial statements, which

en prepared from the interim

responsibility of the Company'd management. Our

,')

responsibility is to

express
,

15. These 'quarterly financial

'

an opinion on these financial results based

on our audit of such
~

interim financial stateme~t~:'which'have been prepared 'in accorda;;~~with the recognition and
measurement principles laid down in Accounting Standard 25 / Indian Accounting Standard
34 (AS 25/ Ind AS 34 - Interim Financial Reporting) mandated under Section 133 of the
Companies Act, 2013 read with relevant rules issued thereunder or by the Institute of
Chartered Accountants of India and other accounting principles generally accepted in India.
We conducted our audit in accordance with the auditing standards generally accepted

III

India. Those standards require that we plan and perform the audit to obtain reasonable
assurance about whether the financial results are free of material misstatement(s). An audit
includes examining, on a test basis, evidence supporting the amounts disclosed as financial
,.'

results. An audit also includes assessing the accounting principles used and significant
estimates made by management. We believe that our audit provides a reasonable basis for our
opimon.

"

In our opinion and to the best of our information and according to the explanations given to us
these quarterly financial results as well as the year to date results:
(i)

are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 in this regard; and

(ii)

give a true and fair view of the net profitlloss

and other financial information for the

quarter ended 31st March 2016 as well as the year to date results for the period from i"
April 2015 to 31st March 2016.

Place: Mumbai
Date: 27th May 2016

"
Maestros

Electronics & Telecommunications

Systems Limited

Plot No. El-66, Electronic Zone, T.T.C.lndustrial Area, Mahape, Navi Mumbai - 400710
CIN: l74900MHZ010PlCZOOZ54 Tel No (OZZ)- Z7611193/94 Fax No (OZZ)-Z76ZZ153
EmaillD: compliance@metsl.ln
Audited Financial Results for the Quarter & Year Ended 31-03-Z016
Part I

Previous 3

3 Months
Ended

Months
Ended

(in Rs. Lakhs)

Corresponding
3 Months
Ended in the
Previous Year

Year to Date
Figures for
the current
period ended

Year to Date
Figures for the
previous

period ended

Particulars

1. Income from Operations

(a) Net Sales/Income from Operations
(b) Other Operating Income
Total income from operations
2. Expenditure
a. Cost of materials consumed

31/03/Z016

31/1Z/Z015

31/03/Z015

31/03/Z016

31/03/Z015

Audited

Un-audited

Audited

Audited

Audited

(net of excise duty)

(net)

584.63

142.26

771.92

1,104.09

1,653.96

584.63

142.26

771.92

1,104.09

1,653.96

404.27

78.60

543.77
-

642.83

1,124.34

b. Purchase of stock-in-trade
c. Changes in inventories of finished goods,WIP and stock-

16.99

(7.24)

(4.07)

79.35

63.27

273.52

238.12

19.18

14.34

63.29
28.97

65.01

55.63

30.47

25.99

74.29

112.06

152.23

550.Z6

174.96

706.Z5

1,09Z.18

1,564.51

34.37

(32.70)

65.67

11.91

89.45

39.03

20.16

14.09

84.05

54.94

73.40

(12.54)

79.76

95.96

144.39

7.78

7.34

16.78

31.59

41.99

65.62

(19.88)

62.98

64.37

102.40

65.62

(19.88)

62.98

64.37

102.40

24.96
(5.10)

35.09
(1.64)

24.96
(5.10)

35.09
(1.64)

45.76

(19.88)

29.53

44.51

68.95

45.76

(19.88)

29.53

44.51

68.95

396.99

396.99

367.99

396.99

367.99

690.63

596.81

in-trade

d. Employees benefits expense

e. Depreciation and amortisation

expense

f. Other expenditure (Any item exceeding 10% of the total

expenses relating to continuing operations)
Total Expenses
3. Profit/floss) from Operations

before Other Income,

finance cost and Exceptional Items (1-2)

4. Other Income
5. Profit/floss) from ordinary activities before finance cost
and Exceptional Items (3+/- 4)
6. Finance

Costs

7. Profit/floss)

from ordinary activities after finance cost

but before Exceptional Items (5+/- 6)

8. Exceptional items
9. Profit / loss from Ordinary Activities before tax (7+/- 8)

(1.24)

(5.81)

10. Tax expense

a. Current Tax
b. Deflered Tax
Total Tax Expense
11. Net Profit / loss from Ordinary Activities after tax (9 +/10)
12. Extraordinary Item
13. Net Profit/ loss for the period (11 +/-12)
14. Paid up equity share capital (Ordinary shares of Rs. 10/
each)
15. Reserve excluding Revaluation Reserves as per balance
sheet of previous accountme vear
16 (i). Earnings Per Share (EPS) (before extraordinary

items)

a) Basic

1.20

(0.53)

0.87

1.17

2.07

b) Diluted
17 (ii). Earning per share (after extraordinary

1.12

(0.53)

0.87

1.09

2.07

1.20
1.12

(0.53)

0.87
0.87

1.17
1.09

2.07
2.07

a) Basic
b) Diluted
Notes:
1) The above financial results were reviewed

items)

by the audit committee

(0.53)

and approved at the meeting

of Board of Directors held on 27 th

May 2016.
2) The Figures of last quarter are the balancing figures between
3) The figures pertaining

to the previous/year

the audited figure in respect of full financial year and year to date

lfigures up to the third quarter of the current financial year.

have been regrouped/rearranged
wherever
For and behalf

Board of Dire

or of

,.

<0

M"~'='1
u ~";"~

Systems

ted

rr0

Date: 27/05/2016
Place: Mumbai
Managing Director-DIN: 02448116

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STATEMENT OF ASSETAND LlABLITIES

As at Current
Particulars

As at Previous

yearend

yearend

31/03/2016
Audited

31/03/2015
Audited

Rs.

Rs.

A. EQUITY AND LIABILITIES

1. Shareholders' Funds
Share Capital

396.99

367.99

690.63
49.95
1,137.57

596.81
964.80

9.33
10.20
34.09
53.62

67.36
15.30
29.53
112.19

Short-Term Borrowings

249.67

331.91

Trade Payables

545.29

420.34

17.22

79.39

Reserves and Surplus

Money Received against share warrants
Sub- Total
2. Non- Current Liabilities
Long-Term Borrowings
Deferred Tax Liabilities (Net)
Long-Term Provisions
Sub-Total

3. Current Liabilities

Other Current Liabilities

Short-Term Provisions

79.86

54.91

892.04

886.55

2,083.23

1,963.54

Tangible Assets

573.83

617.35

Intangible Assets

15.51
281.95

20.93
136.12

Sub-Total
TOTAL
BASSETS
1. Non-Current Assets
Fixed Assets (Net)

Capital work in progress

Non-Current Investments

14.00

14.00

Long-Term Loans and Advances

75.15

34.30

960.44

822.71

59.79

61.71

Trade Receivables

320.31

333.82

Cash and Bank Balances

732.00

733.57
11.14

Other Non Current Investments

Sub-Total
2. Current Assets
Inventories

10.18

Short-Term Loans and Advances

Other Current Assets
Sub-Total
TOTAL

0.51

0.59

1,122.79

1,140.83

2,083.23

1,963.54

For and behalf of Board of

Date: 27/05/2016
Place:Mumbai

ljl;/f'~'~~
""'I' .~

L ,jro.F

~~\
Managing Director
DIN: 02448116

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----

"

Maestros Electronics & Telecommunications

Systems Limited

Plot No. EL-66, Electronic Zone, T.T.C.lndustrial Area, Mahape, Navi Mumbai - 400710
CIN: L74900MH2010PLC200254 Tel No (022)- 27611193/94

Fax No (022)- 27622153

EmaillD: compliance@metsl.in
SEGMENTWISE REVENUE AND RESULTS
Audited Financial Results for the Quarter & Year Ended 31032016
(Rs. In Lakh)
Sr.
Corresponding

No.
3 Month Ended
(31-03-2016)

Particulars

Unaudited

Audited

Previous 3
Months Ended
(31-12-2015)

3 Months

Year to Date
figures for

Year to Date figures for the

Ended in the

current Period

previous year

Previous Year

ended (31-03-

ended (31-03-

(31-03-2015)

2016)

2015)

Audited

Audited

Audited

Segment Revenue
(net sale/income

from each segment should

be disclosed under this head)

i

Electronics and Instrumentation

463.86

ii

Telemedicine

120.77

90.80
51.46

Total

584.63

584.63

1,001.47

527.73

741.83
362.26

652.49

142.26

243.99
771.72

1,104.09

1,653.96

142.26

771.72

1,104.09

1,653.96

64.47
31.49

87.43
144.39
41.99

Less: Inter Segment Revenue

Net Sales / Income from Operations
b

Segment Results before Tax & Interest

Electronics and Instrumentation

52.41

(5.35)

54.54

ii

Telemedicine

20.99

(7.19)

25.22

Total

73.40

(12.54)

79.76

7.78

7.34

16.78

95.96
31.59

65.62

(19.88)

62.98

64.37

Less: i. Interest
ii. Other unallocable
net of unallocable

expenditure

56.96

income

Total Profit before Tax

102.40

Note:
Segment Capital Employed:
Fixed assets used in Company's
interchangeably

between

business or liabilities

segments.

It is currently

have not been identified

to any reportable

not possible to furnish segmental

disclosure

segment, as the fixed assets are used

relating to total assets and liabilities.

"

maestros

CIN / LLPIN : L74900MH2010PL200254

enabling technology for you

As per the Audit Report provided by the Auditors of the Company, we hereby declare that there
are no modified opinions in the Auditor's Report..

.-

Maestros Electronics & Telecommunications Systems Limited

EL- 66, TTC Industrial Area, Electronic Zone, Mahape, Navi Mumbai - 400 710 INDIA.
Te!.: +91-22-27611193/27611194

Fax: +91-22-2762 2153 website: www.mets!.in