Stryker FY21

Stryker India Pvt Ltd
Standalone Financial Statements for period 01/04/2020 to 31/03/2021
[400100] Disclosure of general information about company

Unless otherwise specified, all monetary values are in INR
01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Name of company Stryker India Pvt Ltd
Corporate identity number U51505DL1999PTC100985
Permanent account number of entity AALFS2843Q
C-5,3Rd Floor, , Sda
Commercial Complex , New
Address of registered office of company Delhi , DELHI , INDIA -
110016
Commercial and
Type of industry Industrial
Whether company is listed company No
Date of board meeting when final accounts were approved 29/10/2021
Period covered by financial statements 12 Months
Date of start of reporting period 01/04/2020 01/04/2019
Date of end of reporting period 31/03/2021 31/03/2020
Nature of report standalone consolidated Standalone
Content of report Financial Statements
Description of presentation currency INR
Level of rounding used in financial statements Actual
Type of cash flow statement Indirect Method
Whether company is maintaining books of account and other
No
relevant books and papers in electronic form
Whether books of account and other books and papers are maintained
No
on cloud
Disclosure of principal product or services [Table] ..(1)

Types of principal product or services [Axis] 1
01/04/2020
to
31/03/2021
Disclosure of general information about company [Abstract]
Disclosure of principal product or services [Abstract]
Disclosure of principal product or services [LineItems]
Product or service category (ITC 4 digit) code 9961
WHOLESALE
Description of product or service category TRADE
SERVICES
Turnover of product or service category 387,42,67,250
Highest turnover contributing product or service (ITC 8 digit) code 99611740
Description of product or service Medical Equipment
Unit of measurement of highest contributing product or service Rupees
Turnover of highest contributing product or service 387,42,67,250
Stryker India Pvt Ltd Standalone Financial Statements for period 01/04/2020 to 31/03/2021
[400400] Disclosures - Directors report
Details of directors signing board report [Table] ..(1)

Directors signing board report [Axis] 1 2
01/04/2020 01/04/2020
to to
31/03/2021 31/03/2021
Details of signatories of board report [Abstract]
Details of directors signing board report [LineItems]
Name of director signing board report [Abstract]
First name of director Meenakshi Aman
Last name of director Nevatia Rishi
Whole Time
Designation of director Managing Director
Director
Director identification number of director 08235844 08201740
Date of signing board report 29/10/2021 29/10/2021
Particulars of holding, subsidiary and associate companies [Table] ..(1)

Particulars of companies [Axis] 1
01/04/2020
to
31/03/2021
Particulars of holding, subsidiary and associate companies [Abstract]
Particulars of holding, subsidiary and associate companies [LineItems]
Name of company Stryer Far East Inc.
Country of incorporation of company UNITED STATES
Type of company Holding
Percentage of shares held 80.00%
Applicable section 2(46)
Details regarding auditors' qualification(s), reservation(s) adverse remark(s) in auditors' report [Table] ..(1)
Auditors' qualification(s), reservation(s) adverse remark(s) in auditors' report [Axis] 01 02 03
01/04/2020 01/04/2020 01/04/2020
to to to
31/03/2021 31/03/2021 31/03/2021
Details regarding auditors' qualification(s), reservation(s) adverse
remark(s) in auditors' report [Abstract]
Details regarding auditors' qualification(s), reservation(s)
adverse remark(s) in auditors' report [LineItems]
Auditors' qualification(s), reservation(s) adverse remark(s) in Textual information Textual information Textual information
auditors' report (1) [See below] (2) [See below] (3) [See below]
Directors' comment on auditors' qualification(s), Textual information Textual information Textual information
reservation(s) adverse remark(s) in auditors' report (4) [See below] (5) [See below] (6) [See below]
2

01/04/2020
to
31/03/2021
Textual information (7)
Disclosure in board of directors report explanatory [TextBlock] [See below]
Description of state of companies affair [See below]
The Company has not
transferred any amount
Disclosure relating to amounts if any which is proposed to carry to any
to reserve during the
reserves financial
year.
The Board does not
recommend any dividend
for the financial year
Disclosures relating to amount recommended to be paid as dividend 2020-2021 keeping in mind
expansion plans of the
Company.
Details regarding energy conservation [See below]
Provided under energy
Details regarding technology absorption conservation
Provided under energy
Details regarding foreign exchange earnings and outgo conservation
Disclosures in director’s responsibility statement [See below]
Details of material changes and commitment occurred during period Textual information (11)
affecting financial position of company [See below]
Particulars of loans guarantee investment under section 186 [TextBlock] [See below]
Particulars of contracts/arrangements with related parties under section Textual information (13)
188(1) [TextBlock] [See below]
Whether there are contracts/arrangements/transactions not at arm's
No
length basis
Whether there are material contracts/arrangements/transactions at
No
arm's length basis
Details of statement indicating manner in which formal N o t

Applicable
annual evaluation made by board of its performance and of its
committees and individual directors [TextBlock]
Date of board of directors' meeting in which board's report referred

29/10/2021
to under section 134 was approved
Disclosure of extract of annual return as provided under section 92(3) Textual information (14)
[TextBlock] [See below]
N o t
Disclosure of statement on declaration given by independent directors Applicable
under section 149(6) [TextBlock]
Disclosure for companies covered under section 178(1) on N o t

Applicable
directors appointment and remuneration including other matters
provided under section 178(3) [TextBlock]
Disclosure of statement on development and implementation of risk Textual information (15)

management policy [TextBlock] [See below]
Details on policy development and implementation by company on
corporate social responsibility initiatives taken during year [See below]
[TextBlock]
Disclosure as per rule 8(5) of companies accounts rules 2014 [TextBlock]
Provided under Board

of directors report
Disclosure of financial summary or highlights [TextBlock] explanatory
There has been no

change in the nature of
business of the Company
Disclosure of change in nature of business [TextBlock] during the financial
year.
Details of directors or key managerial personnels who were Textual information (17)
appointed or have resigned during year [TextBlock] [See below]
3
Disclosure of companies which have become or ceased to be its

subsidiaries, joint ventures or associate companies during [See below]
year [TextBlock]
Details relating to deposits covered under chapter v of companies act Textual information (19)
N o t
Details of deposits which are not in compliance with requirements Applicable
of chapter v of act [TextBlock]
Details of significant and material orders passed by

regulators or courts or tribunals impacting going concern [See below]
status and company’s operations in future [TextBlock]
Details regarding adequacy of internal financial controls with Textual information (21)
reference to financial statements [TextBlock] [See below]
Disclosure of contents of corporate social responsibility policy Textual information (22)
Disclosure of appointment and remuneration of managerial personnels Textual information (23)
Disclosure of details of establishment of vigil mechanism [TextBlock] [See below]
Number of meetings of board [pure] 6
Auditors' qualification(s), reservation(s) adverse remark(s) in auditors' report

As stated in note 26 to the accompanying financial statements, the Company had been allocating customs duty, freight and clearing charges
globally on the basis of basic cost upto year ended 31 March, 2020, which was not in accordance with the Accounting Standard 2, Inventories
and in the absence of necessary assessment by the Company’s management, we were unable to obtain sufficient appropriate audit evidence to
comment on the impact of the said misstatement on the closing balance of inventory as at 31 March 2020, movement of increase/decrease of
inventories in the statement of profit and loss and therefore issued a qualified opinion on the financial statements for the year ended 31 March
2020with respect to this matter. Since opening balance of inventories enter into determination of the results of operations and cash flows, we
are unable to comment on any adjustments that maybe required in respect of profit after tax and net cash flows from operating activities for
the year ended 31 March 2021

As stated in note 28 to the accompanying financial statements, the Company had been allocating customs duty, freight and clearing charges
globally on the basis of basic cost upto year ended 31 March 2020, which was not in accordance with the Accounting Standard 10 (Revised),
Property, Plant and Equipment and in the absence of necessary assessment by the Company’s management, we were unable to obtain
sufficient appropriate audit evidence to comment on the impact of the said misstatement on the closing balance of Property, plant and
equipment as at 31 March 2020, depreciation charge for the year then ended and therefore issued a qualified opinion on the financial
statements for the year ended 31 March 2020 with respect to this matter. Since the opening balance of property, plant and equipment impact
the computation of depreciation expense for the current year ended 31 March 2021, we are unable to comment on any adjustments that
maybe required in respect of depreciation expense for the current year ended 31 March 2021 and consequential impact, if any, on the
accompanying financial statements.

We report that the opening balance of inventory amounting to Rs. 2,375,750,844 as at 31 March 2020 was not subject to physical verification
by the management due to restriction related to COVID- 19 pandemic situation imposed by Government and other practical difficulties and
we were unable to obtain sufficient appropriate audit evidence to comment on adjustments , if any, that may have been required to the
carrying value of inventory and its consequential impact. Accordingly, we had qualified our audit opinion in respect of this matter. Since
opening balance of inventories enter into determination of the results of operations and cash flows, we are unable to comment on any
adjustments that maybe required in respect of loss after tax and net cash flows from operating activities for the year ended 31 March 2021.
4
Directors' comment on auditors' qualification(s), reservation(s) adverse remark(s) in auditors' report

With reference to point no. (1) and (2) under Basis for qualified opinion, the Board of Directors of the Company hereby submit that Indian
Accounting Standard 2 requires the Duty, Freight Cost and Other costs to be loaded on purchases based on specific identification method and
similarly Accounting Standard 10 requires allocation of Duty, Freight Cost and Other costs to be loaded on fixed assets purchases based on
specific identification method. The Company allocates the total Duty and Freight cost for the year to inventory, COGS and Instrument Set
Purchases by calculating Standard Duty rates and Freight loading rates at the year end. During the year , the company has made an
assessment of allocation method with specific identification method and determine that allocation method adopted by the company is
complying with accounting standard-2 and accounting standard- 10. The Board feel that the impact in valuation of opening inventory for
current year will not be significant as same in line with current year assessment.

With reference to point no. (1) and (2) under Basis for qualified opinion, the Board of Directors of the Company hereby submit that Indian
Accounting Standard 2 requires the Duty, Freight Cost and Other costs to be loaded on purchases based on specific identification method and
similarly Accounting Standard 10 requires allocation of Duty, Freight Cost and Other costs to be loaded on fixed assets purchases based on
specific identification method. The Company allocates the total Duty and Freight cost for the year to inventory, COGS and Instrument Set
Purchases by calculating Standard Duty rates and Freight loading rates at the year end. During the year , the company has made an
assessment of allocation method with specific identification method and determine that allocation method adopted by the company is
complying with accounting standard-2 and accounting standard- 10. The Board feel that the impact in valuation of opening inventory for
current year will not be significant as same in line with current year assessment.

With reference to point no. (3) under basis for qualified opinion, the Board of Directors of your Company hereby submit that the physical
verification of Inventory has been performed in current year ended 31st March 2021. However, physical inventory verification of inventory
could not be conducted during the previous year ended 31st March 2020 due to outbreak of corona virus in India.
5
Disclosure in board of directors report explanatory [Text Block]

To,
The Members,
Stryker India Private Limited
C-5, 3rd Floor, SDA Commercial Complex,
New Delhi- 110016.
The Directors are pleased to submit Annual Report of the Company together with the audited financial statements and Auditors Report
thereon for the financial year ended on 31st March, 2021.
FINANCIAL RESULTS:
The financial performance of the Company, based on financial statements, during the year is as follows:-
YEAR ENDED YEAR ENDED
PARTICULARS 31-03-2021 31-03-2020
Total Income 4,940,029,379 5,453,719,729
5,113,458,672
Total Expenditure 4,746,780,526
340,261,057
Profit/(Loss) before tax 193,248,853
131,053,499
Profit/(Loss) for the year (-)228,187,981
STATUTORY AUDITORS:
At the adjourned Annual General Meeting held in the year 2018, M/s. Walker Chandiok & Co. LLP Chartered Accountants (ICAI Firm
Registration Number 111076N/N500013), were appointed as Auditors of the Company to hold office from the conclusion of 18th Annual
6
General Meeting till the conclusion of 23rd Annual General Meeting to be held in the year 2022 in terms of provisions of Section 139 & 141
of the Companies Act, 2013. They are eligible to continue as statutory Auditors of the Company.
AUDITORS REPORT:
S.
No.
Qualified Opinion of Auditor Directors Comments
With reference to point no. (1) and (2)

under Basis for qualified opinion, the Board
of Directors of the Company hereby submit
that Indian Accounting Standard 2 requires
the Duty, Freight Cost and Other costs to be
loaded on purchases based on specific
As stated in note 26 to the accompanying financial statements, the Company had been identification method and similarly
allocating customs duty, freight and clearing charges globally on the basis of basic cost Accounting Standard 10 requires allocation
upto year ended 31 March, 2020, which was not in accordance with the Accounting of Duty, Freight Cost and Other costs to be
Standard 2, Inventories and in the absence of necessary assessment by the Companys loaded on fixed assets purchases based on
management, we were unable to obtain sufficient appropriate audit evidence to comment specific identification method.
on the impact of the said misstatement on the closing balance of inventory as at 31 March
2020, movement of increase/decrease of inventories in the statement of profit and loss and The Company allocates the total Duty and
therefore issued a qualified opinion on the financial statements for the year ended 31 Freight cost for the year to inventory,
1
March 2020with respect to this matter. Since opening balance of inventories enter into COGS and Instrument Set Purchases by
determination of the results of operations and cash flows, we are unable to comment on calculating Standard Duty rates and Freight
any adjustments that maybe required in loading rates at the year end.
respect of profit after tax and net cash flows from operating activities for the year ended During the year , the company has made an
31 March 2021 assessment of allocation method with
specific identification method and
determine that allocation method adopted
by the company is complying with
accounting standard-2 and accounting
standard- 10. The Board feel that the impact
in valuation of opening inventory for
current year will not be significant as same
in line with current year assessment.
As stated in note 28 to the accompanying financial statements, the Company had been
allocating customs duty, freight and clearing charges globally on the basis of basic cost
upto year ended 31 March 2020, which was not in accordance with the Accounting
Standard 10 (Revised), Property, Plant and
Equipment and in the absence of necessary assessment by the Companys management, we

were unable to obtain sufficient appropriate audit evidence to comment on the impact of
the said misstatement on the closing balance of Property, plant and equipment as at 31
2 March 2020, depreciation charge for the year then ended and therefore issued a qualified
opinion on the financial statements for the year ended 31 March 2020 with respect to this
matter. Since the opening balance of property, plant and equipment impact the
computation of depreciation expense for the current year ended 31 March 2021, we are
unable to comment on any adjustments that maybe required in respect of depreciation
expense for the current year ended 31 March 2021 and consequential impact, if any, on
the accompanying financial statements.
We report that the opening balance of inventory amounting to Rs. 2,375,750,844 as at 31

March 2020 was not subject to physical verification by the management due to restriction With reference to point no. (3) under basis
related to COVID- 19 pandemic situation imposed by Government and other practical for qualified opinion, the Board of Directors
difficulties and we were unable to obtain sufficient appropriate audit evidence to comment of your Company hereby submit that the
on adjustments , if any, that may have been required to the carrying value of inventory and physical verification of Inventory has been
its consequential impact. Accordingly, we had qualified our audit opinion in respect of performed in current year ended 31st March
3
this matter. Since opening balance of inventories enter into determination of the results of 2021. However, physical inventory
operations and cash flows, we are unable to comment on any adjustments that maybe verification of inventory could not be
required in respect of loss after tax and net cash flows from operating activities for the
year ended 31 March 2021.
7
conducted during the previous year ended

31st March 2020 due to outbreak of corona
virus in India.
COST AUDITORS:
M/s N M & Company, Cost Accountants (FRN 000545) were appointed as Cost Auditors of the Company for the financial year ended on
March 31, 2021 by the Board of directors of the Company. The Company has maintained cost records and accounts as specified by the
Central Government under sub-section (1) of section 148 of the Companies Act, 2013.
INFORMATION REQUIRED UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE(PREVENTION, PROHIBITION

AND REDRESSAL) ACT, 2013
The Company has in place a Policy on Prevention of Sexual Harassment of Employees at Workplace in line with the requirements of the
Sexual Harassment of Women at Workplace (Prevention, prohibition & Redressal) Act, 2013 and a Guideline on filing of complaints of
Sexual Harassment. Internal Complaints Committee (ICC) has been set up to redress complaints received regarding sexual harassment. All
concerned persons as per the Act are covered under this policy. Internal Complaints Committees were constituted in accordance with the
provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and the rules framed
thereunder for the Redressal of complaints of sexual harassment of women at work place. The Committee has laid down proper procedures
for reporting of cases to the committee and addressing, resolving and disposing them, off within reasonable time.
During the financial year, no complaint was received.
MEETINGS OF BOARD:
The Directors of the Company met 6 (Six) times during the financial year as per the following details:
1. 25/06/2020;
2. 28/09/2020;
3. 19/10/2020;
4. 23/10/2020;
5. 05/11/2020;
6. 17/12/2020
ATTENDANCE OF DIRECTORS:
Number of Board Meetings attended Number of CSR Committee Meetings attended
8
Name of Director
Mr. Mervyn Brent Scott 3 N.A.
Mr. Mark Joseph Leeder 3 1
Ms. Meenakshi Nevatia

5 NIL
Mr. Aman Rishi 6 1
NUMBER OF COMMITTEE MEETINGS HELD:
A meeting of CSR Committee was held on March 25, 2021 during the financial year.
MEMBERS OF CSR COMMITTEE AS ON DATE OF THIS REPORT:
The following directors were members of CSR Committee as at 31.03.2021:
1. Ms. Meenakshi Nevatia
2. Mr. Aman Rishi
3. Mr. Mark Joseph Leeder
COMPLIANCE WITH APPLICABLE SECRETARIAL STANDARDS:
The Company is in compliance with the applicable Secretarial Standards issued by Institute of Company Secretaries of India and notified by
the Ministry of Corporate Affairs with all amendments thereto.
REPORTING OF FRAUDS
During the period, there has been no instance of fraud reported by the Statutory Auditors under Section 143(12) of the Companies Act 2013
and Rules framed thereunder either to the Company or to the Central Government.
SHARE CAPITAL:
The Company increased its authorized share capital from Rs. 15,00,00,000 (Rupees Fifteen Crore) to Rs. 40,00,00,000 (Rupees Forty Crore)
at the Extra-Ordinary General Meeting held on 19th October, 2020. The Company has also issued and allotted 97,27,190 equity shares of Rs.
10 each at a premium of Rs. 80.76 per share through right issue at the Board meeting held on 5th November, 2020. Apart from this, the
Company has not issued shares with differential voting rights, ESOP and Sweat Equity shares. The Company also do not have any scheme to
fund its employees to purchase the shares of the Company.
APPLICATION UNDER IBC
9
No application was made or any proceeding is pending under the Insolvency and Bankruptcy Code, 2016 (31 of 2016) during the year against
the Company.
THE DETAILS OF THE DIFFERENCE BETWEEN THE AMOUNT OF THE VALUATION DONE AT THE TIME OF ONE-TIME
SETTLEMENT AND THE VALUATION DONE WHILE TAKING A LOAN FROM THE BANKS OR FINANCIAL INSTITUTIONS
ALONG WITH THE REASONS THEREOF. NOT APPLICABLE
APPRECIATIONS AND ACKNOWLEDGEMENT:
Your directors thank the company's customers and bankers for their continued support during the year. Your directors place on record their
appreciation of the contribution made by employees at all levels, who, through their competence, hard work, solidarity cooperation and
support, have enabled the company to achieve consistent growth.
Annexure A-1
FORMAT FOR THE ANNUAL REPORT ON CSR ACTIVITIES TO BE INCLUDED IN THE BOARDS REPORT FOR FINANCIAL
YEAR COMMENCING ON OR AFTER 1ST DAY OF APRIL, 2020
[Pursuant to clause (o) of sub-section (3) of Section 134 of the Act and Rule 8 of the Companies (Corporate Social Responsibility) Rules,
2014 as amended]
1. Brief outline on the CSR policy of the Company:
Outline of Companys CSR Policy:
As per CSR Policy of the company, CSR activities cover the following areas:
Eradicating hunger, poverty and malnutrition, promoting health care including preventive health care and sanitation including
contribution to the Swach Bharat Kosh set-up by the Central Government for the promotion of sanitation and making available safe drinking
water;
Promoting education, including special education and employment enhancing vocational skills among children, women, elderly,
and the differently abled and livelihood enhancement projects;
Promoting gender equality, empowering women, setting up homes, and hostels for women and orphans; setting up old age homes,
day care centres and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically
backward groups;
Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agro forestry,
10
conservation of natural resources and maintaining quality of soil, air and water including contribution to the Clean Ganga Fund set-up by the
Central Government for rejuvenation of river Ganga;
Protection of national heritage, art and culture including restoration of buildings and sites of historical importance and works of art;
setting up public libraries; promotion and development of traditional arts and handicrafts;
Measures for the benefit of armed forces veterans, war widows and their dependents;
Training to promote rural sports, nationally recognized sports, Paralympic sports and Olympic sports;
Contribution to Prime Ministers National Relief Fund or Prime Ministers Citizen Assistance and Relief in Emergency Situations
Fund (PM CARES Fund or any other fund set up by Central Government for socio economic development and relief and welfare of the
Scheduled Castes, Scheduled Tribes, other backward classes, minorities and women;
Contribution to incubators funded by Central Government or State Government or any agency or Public Sector Undertaking of
Central Government or State Government, and contributions to public funded Universities, Indian Institute of Technology (IITs), National
Laboratories and Autonomous Bodies (established under the auspices of Indian Council of Agricultural Research (ICAR), Indian Council of
Medical Research (ICMR), Council of Scientific and Industrial Research (CSIR), Department of Atomic Energy (DAE), Defence Research
and Development Organisation (DRDO), Department of Biotechnology (DBT), Department of Science and Technology (DST), Ministry of
Electronics and Information Technology) engaged in conducting research in science, technology, engineering and medicine aimed at
promoting Sustainable Development Goals (SDGs);
Rural development projects;
Slum area development
Explanation - For the purpose of this item, the item slum area shall mean any area declared as such by the Central Government or any State
Government or any other competent authority under law for the time being in force;
Disaster management including relief, rehabilitation and reconstruction activities; and
Any other project as may be specified under Schedule VII of the Companies Act, 2013, from time to time.
For financial year 2020-21, Company has undertaken CSR Activities, as approved by CSR Committee and Board.
CSR Policy as approved by Board is enclosed as Annexure I to this report.
2. Composition of CSR Committee:
S. Designation/Nature of Number of meetings of CSR Committee Number of meetings of CSR Committee

Name of Director
No Directorship held during the year attended during the year
1
Mr. Meenakshi
1 Managing Director NIL
Nevatia
Mr. Aman Rishi
11
2 Whole Time Director 1
Mr. Mark Joseph

Leeder
3 Director 1
Mr. Mervyn
Brent Scott*
4 Director N.A.
*Mr. Mervyn Brent Scott ceased to be member of CSR committee of the Company w.e.f. December 17, 2020.
3. Provide the web-link where Composition of CSR committee, CSR Policy and CSR projects approved by the board are disclosed
on the website of the company - The Company does not have any website.
4. Provide the details of Impact assessment of CSR projects carried out in pursuance of sub-rule (3) of rule 8 of the Companies
(Corporate Social responsibility Policy) Rules, 2014, if applicable (attach the report). Not Applicable
5. Details of the amount available for set off in pursuance of sub-rule (3) of rule 7 of the Companies (Corporate Social
responsibility Policy) Rules, 2014 and amount required for set off for the financial year, if any: - NIL
Sl. Financial Amount available for set-off from preceding financial years Amount required to be set-off for the financial year, if any
No. Year (in Rs. Mn.) (in Rs. Mn)
1. NIL
6. Average net profit of the Company as per Section 135(5): Rs. 24,78,10,225/-
7.
a) Two percent of average net profit of the company as per section 135(5) Rs. 49,56,205/-
b) Surplus arising out of the CSR projects or programs or activities of the previous financial years. NIL
c) Amount required to be set off for the financial year NIL
12
Rs. 49,56,205/-
d) Total CSR obligation for the financial year (7a+7b-7c)
Rs. 96,078,001/-
8. a) CSR amount spent or unspent for the financial year:
Total Amount Spent for the Financial

Amount
Year.
Unspent (in
Rs.)
(in Rs.)
Total Amount transferred to Unspent CSR Amount transferred to any fund specified under Schedule
Account as per section 135(6). VII as per second proviso to section 135(5).
Date of Date of
Amount Name of fund Amount
transfer transfer
49,56,205 NIL N.A. NA NA NA
(b) Details of CSR amount spent against ongoing projects for the financial year:
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
Amount
transferred
to Mode of
Item from
Unspent Implementation-
the list of Amount
Amount spent in CSR Mode of Through
Name of activities Location allocated
Sl. Local area Project the current Account Implementation Implementing
the in of the for the
No. (Yes/ No). duration. financial Year (in for the - Direct Agency
Project. Schedule project. project
Rs.). project as (Yes/No). Through
VII to the (in Rs.).
per Implementing
Act.
Section Agency
135(6) (in
Rs.).
CSR
State. District. Name Registration
number.
13
Donation
for
Promoting
healthcare
Cleft lip
as 24,56,205
and Andhra
1. prescribed No Vijayawada* 3 years 24,56,205*3500000 NIL YesNo N.A.
Pradesh*
under
palate
schedule
surgical
VII(i)
camp
Total 24,56,205
*amount disbursed for CSR expenditure but not incurred due to second wave of covid 19 pandemic. The CSR Committee and Board
accorded its approval for conversion of project as ongoing project. The planned location of the project is Vijayawada in Andhra Pradesh as of
now.
(c)Details of CSR amount spent against other than ongoing projects for the financial year:
(1) (2) (3) (4) (5) (6) (7) (8)
Amount Mode of
Name Item from the list of Location Mode of Implementation-
Sl. Local area allocated for Implementation
of the activities in Schedule of the Through Implementing Agency
No. (Yes/No). the project (in - Direct
Project. VII to the Act. project. Through Implementing Agency
Rs.). (Yes/No).
CSR
State. District. Name Registration
number.
14
PM
1. Care COVID-19 help No N.A. N.A. 25,00,000 Yes N.A. N.A.
Fund
(d) Amount spent in Administrative Overheads NIL
(e) Amount spent on Impact Assessment, if applicable: Not Applicable
(f) Total amount spent for the Financial Year (8b+8c+8d+8e): Rs. 49,56,205
(g) Excess amount for set off, if any: NIL
Sl. No. Particular Amount (in Rs.)
(i) Two percent of average net profit of the company as per section 135(5) Rs. 49,56,205/-
(ii) Total amount spent for the Financial Year 49,56,205
(iii) Excess amount spent for the financial year [(ii)-(i)] NIL
(iv) Surplus arising out of the CSR projects or programmes or activities of the previous financial years, if any NIL
(v) Amount available for set off in succeeding financial years [(iii)-(iv)] NIL
9 (a) Details of Unspent CSR amount for the preceding three financial years:
15
Amount remaining
Preceding Amount transferred to Amount spent in the Amount transferred to any fund
S. to be spent in
Financial Unspent CSR Account under reporting Financial specified under Schedule VII as
No. succeeding
Year section 135 (6) (in Rs) Year (in Rs) per section 135(6), if any
financial years (in
Rs)
Amount
Date of
Name of the Fund
transfer
(in Rs)
NIL
(b) Details of CSR amount spent in the financial year for ongoing projects of the preceding financial year(s) :
Status of the
Name Financial Year in Total amount Amount spent on the Cumulative amount spent
S. Project Project project -
of the which the project allocated for the project in the reporting at the end of reporting
No. ID duration Completed
Project was commenced project (in Rs) Financial Year (in Rs) Financial Year (in Rs)
/Ongoing
NIL
10 In case of creation or acquisition of capital asset, furnish the details relating to the asset so created or acquired through CSR spent in the
financial year: NOT APPLICABLE
Amount of CSR spent

Date of creation or Details of the entity or public authority or Provide details of the capital asset(s) created
for creation or
acquisition of the beneficiary under whose name such capital or acquired (including complete address and
acquisition of capital
capital asset(s) asset is registered, their address etc. location of the capital asset).
asset.
16
11. Specify the reason(s), if the company has failed to spend two per cent of the average net profit as per section 135(5): NOT
APPLICABLE
Description of state of companies affair

The net profit/ (loss) of the Company has decreased from Rs. 131,053,499/- to Rs. (-) 228,187,981/- during the financial year 2020-2021. The
directors are hopeful that the performance of the Company will improve in the near future.
Details regarding energy conservation

The particulars as prescribed under Section 134(3) (m) of the Companies Act, 2013, read with the Companies (Accounts) Rules, 2014 are
provided herein below: Conservation of Energy, Technology absorption: The activities undertaken by your Company do not
fall under the purview of disclosure of particulars under Section 134(3) (m) of the Companies Act, 2013, read with the Companies
(Accounts) Rules, 2014, in so far as it relates to the conservation of energy and technology absorption. Foreign Exchange Earning: Rs.
689,086,547 Foreign Exchange Outgo: Rs. 66,272,381 Apart from above, value of import calculated on CIF basis was Rs.
2,823,173,391 during the financial year.
Disclosures in director’s responsibility statement

Pursuant to the requirement under Section 134(5) of the Companies Act, 2013, with respect to the Directors’ Responsibility statement, it is
hereby confirmed: That in the preparation of the annual account, the applicable accounting standards have been followed along with proper
explanation relating to material departures; That appropriate accounting policies have been selected and applied consistently and judgment
and estimates made that are reasonable and prudent so as to give the Company at the end of the financial year ended 31st March 2021 and
profit and loss account for the year ended 31st March 2021; That proper and sufficient care has been taken for the maintenance of adequate
accounting records in accordance with the provisions of Companies Act, 2013 for safeguarding the asset of the Company and for preventing
and detecting fraud and other irregularities; That the annual accounts have been prepared on a going concern basis. That the directors had
devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating
effectively.
Details of material changes and commitment occurred during period affecting financial position of company
The Company approved a scheme of amalgamation between the Company and Physio-Control India Sales Private Limited and moved an
application/petition before the Hon’ble National Company Law Tribunal (“NCLT”) for the approval of the scheme. The matter was finally
disposed off on 20th May, 2021 and Hon’ble NCLT was pleased to pass an order approving the scheme on the said date. Apart from this,
there has not been any material change affecting financial position of the company occurring between the date of financial statements and the
board’s report.
17
Particulars of loans guarantee investment under section 186 [Text Block]

The Company has not made any investment or given any loan or guarantee or provided security falling within the purview of section 186 of
the Companies Act, 2013 during the financial year. The details of outstanding loan as on 31.03.2021 are disclosed under note 6 (i) of the
financial statements.
Particulars of contracts/arrangements with related parties under section 188(1) [Text Block]
All related party transactions that were entered into during the financial year were on arm’s length basis and in the ordinary course of
business. Further, in terms of exemption notification no. G.S.R. 464(E) dated 5thJune, 2015, holding Company, subsidiary or an associate
company and fellow subsidiary company shall not be treated as related party for the purpose of section 188 of the Companies Act, 2013, and
therefore, details of transactions entered into with related parties in Form AOC-2 is not applicable.
Disclosure of extract of annual return as provided under section 92(3) [Text Block]
The Company does not have designated website, and therefore, a copy of the annual return is not required to be placed on the website of the
company and the web-link of such annual return is also not required to be disclosed in the Board's report in terms of the provisions of section
92 read with section 134 of the Companies Act, 2013.
Disclosure of statement on development and implementation of risk management policy [Text Block]
The Directors of the Company has framed a Risk Management Policy pursuant to section 134 of the Companies Act, 2013 evidencing
development and implementation of a risk management programme for the Company which will identify element of risk which in the opinion
of Board may threaten the existence of the Company.
18
Details on policy development and implementation by company on corporate social responsibility initiatives taken
during year [Text Block]
The Company was required to spend following amount for the purposes of CSR in accordance with the provisions of section 135 of the
Companies Act, 2013:
Year Total Net Profit Before tax (In INR)
2017-2018 22,74,49,977
2018-2019 17,56,64,929
2019-2020 34,03,15,771
Average Net Profit of last 3 years 24,78,10,225
Estimated Expenditure on CSR (2% of average net profits of immediately preceding 3 FY's) 49,56,205
The Company has incurred the prescribed amount for the purposes of CSR in accordance with the provisions of section 135 of the
Companies Act, 2013 during the financial year 2020-2021.
The details on CSR activities are given in Annexure A-1 herewith and form an integral part of this Report.
Details of directors or key managerial personnels who were appointed or have resigned during year [Text Block]
Mr. Mervyn Brent Scott resigned from the directorship of the Company w.e.f. 17th December, 2020. Apart from this, there has been no
change in the directorship of the Company during the financial year under review. Mr. Aman Rishi, Whole Time Director, Ms. Meenakshi
Nevatia, Managing Director and Ms. Tanu Arora, Company Secretary of the Company are the key managerial personnel of the Company as
at 31.03.2021.
19
Disclosure of companies which have become or ceased to be its subsidiaries, joint ventures or associate companies
during year [Text Block]
The Company acquired 49,999 equity shares of Rs. 10/- each representing 99.99% of the paid-up share capital of Physio-Control India Sales
Private Limited during the financial year 2019-2020. The Company also held beneficial interest in remaining 1 equity
share of Physio-Control India Sales Private Limited.
Further, Physio-Control India Sales Private Limited ceased to be a subsidiary of the Company, pursuant to approval of scheme of
amalgamation between Physio-Control India Sales Private Limited and the Company, by the Hon’ble NCLT vide its order dated 20th May,
2021. Further, the Company does not have Associate or Joint Venture Companies.
Details relating to deposits covered under chapter v of companies act [Text Block]
The Company has not accepted any deposits from the public falling within the ambit of section 73 and section 76 of the Companies Act,
2013 and the Companies (Acceptance of Deposits) Rules, 2014 during the financial year under review.
Details of significant and material orders passed by regulators or courts or tribunals impacting going concern
status and company’s operations in future [Text Block]
The Company approved a scheme of amalgamation between the Company and Physio-Control India Sales Private Limited and moved an
application/petition before the Hon’ble National Company Law Tribunal (“NCLT”) for the approval of the scheme. The matter was finally
disposed off on 20th May, 2021 and Hon’ble NCLT was pleased to pass an order approving the scheme on the said date. The Company has
also compounded offence committed under section 96 of the Companies Act, 2013 during the financial year 2020-2021.
Apart from above, there is no significant and material order passed by the Regulators or Courts or Tribunals impacting the going concern
status and Company’s operations.
20
Details regarding adequacy of internal financial controls with reference to financial statements [Text Block]
As per Audit report on the Internal Financial Controls for the year ended 31st March’21, the company has adequate internal financial controls
with reference to financial statements and such controls were operating effectively as at 31st March’21.
21
Disclosure of contents of corporate social responsibility policy [Text Block]

Stryker India Private Limited
Corporate Social Responsibility Policy
Our commitment to people and our planet
INTRODUCTION
Corporate Social Responsibility (CSR) at Stryker India Private Limited (Company) portrays the deep symbiotic relationship that the
Company enjoys with the communities it is engaged with. As a responsible corporate citizen, we contribute towards social and economic
development on regular basis. We believe that to succeed, an organization must uphold highest standards of corporate governance towards its
employees, consumers, and the society at large. We believe that CSR underpins the objective of bringing about a positive change to the
environment and making a difference to the lives of the stakeholders we serve. This Policy is adopted by the Board of Directors on the
recommendation of CSR Committee on 21s September, 2021 in replacement of the earlier CSR Policy approved on 26th March 2020.
VISION
Through sustainable measures, actively contribute to the social, economic and environmental development of the community in which the
Company operates ensuring participation from the community and thereby create value for the nation
DEFINITIONS
Act means the Companies Act, 2013 and rules made thereunder, as amended from time to time.
b. Administrative Overheads means the expenses incurred by the Company for general management and administration of Corporate Social
Responsibility functions in the Company but shall not include the expenses directly incurred for the designing, implementation, monitoring,
and evaluation of a particular Corporate Social Responsibility project or programme.
c. Board means the Board of Directors of the Company.
d. Company means Stryker India Private Limited (SIPL/Stryker).
e. CSR means the activities undertaken by the Company in pursuance of its statutory obligation laid down in section 135 of the Act in
accordance with the provisions contained in these rules, but shall not include the following, namely: -
i. activities undertaken in pursuance of normal course of business of the Company:
ii. any activity undertaken by the Company outside India except for training of Indian sports personnel representing any State or Union
territory at national level or India at international level; iii. contribution of any amount directly or indirectly to any political party under
section 182of the Act;
iv. activities benefitting employees of the Company as defined in clause (k) of section 2 of the Code on Wages, 2019 (29 of 2019);
v. activities supported by the Company on sponsorship basis for deriving marketing benefits for its products or services; and
vi. activities carried out for fulfillment of any other statutory obligations under any law in force in India.
22
CSR Committee means Corporate Social Responsibility Committee of the Company constituted by the Board.
g. CSR Rules means Companies (Corporate Social Responsibility Policy) Rules 2014 and amendments thereon.
h. CSR Policy means this Policy.
i. CSR Expenditure shall include all expenditure including contribution to corpus, for projects or programs relating to CSR activities
approved by the Board on the recommendation of its CSR Committee.
j. Net profit shall have the meaning ascribed to it in the Act.
k. Ongoing Project means a multi-year project undertaken by the Company in fulfillment of its CSR obligation having timelines not
exceeding three years excluding the financial year in which it was commenced and shall include such project that was initially not approved
as a multi-year project but whose duration has been extended beyond one year by the Board based on reasonable justification.
Unless the context otherwise requires, words and expressions used in this policy and not defined herein but defined in the Companies Act,
2013 or the Rules made thereunder, as may be amended from time to time, shall have the meaning respectively assigned to them therein.
CSR PROGRAMS AND PROJECTS
The Company will carry on its CSR activities in areas or subjects as prescribed under Schedule VII of the Act, as amended from time to time.
An illustrative list of such areas or subjects is outlined below:
(i) eradicating hunger, poverty and malnutrition, promoting health care (including preventive health care) and sanitation including
contribution to the Swach Bharat Kosh set-up by the Central Government for the promotion of sanitation and making available safe drinking
water;
(ii) promoting education, including special education and employment enhancing vocation skills especially among children, women,
elderly, and the differently abled and livelihood enhancement projects;
(iii) promoting gender equality empowering women, setting up homes and hostels for women and orphans; setting up old age homes,
daycare centers and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically
backward groups;
(iv) ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agro forestry,
conservation of natural resources and maintaining quality of soil, air and water including contribution to Clean Ganga Fund set-up by the
Central Government for rejuvenation of river Ganga;
(v) protection of national heritage, art and culture including restoration of buildings and sites of historical importance and works of
art; setting up public libraries; promotion and development of traditional arts and handicrafts;
(vi) measures for the benefit of armed forces veterans, war widows and their dependents;
(vii) training to promote rural sports, nationally recognised sports, para-olympic sports and Olympic sports;
(viii) contribution to the Prime Minister's National Relief Fund or any other fund including Prime Ministers Citizen Assistance and
Relief in Emergency Situations Fund (PM CARES Fund) set up by the Central Government for socio-economic development andrelief and
welfare of the Scheduled Castes, the Scheduled Tribes, other backward classes, minorities and women;
23
(ix) contribution to incubators or research and development projects in the field of science, technology, engineering and medicine,
funded by the Central Government or State Government or Public Sector Undertaking or any agency of the Central Government or State
Government;
(x) contributions to public funded Universities;
(xi) rural development projects;
(xii) slum area development;
(xiii) disaster management, including relief, rehabilitation and reconstruction activities.
(xiv) Any other activity as may be specified under the Act from time to time
The CSR activities shall be undertaken within the territory of the Republic of India.
(c) The Companys CSR projects and programs will be undertaken by the Company by itself or with joint and collaborative efforts of other
companies.
(d) The CSR projects and programs may also be implemented through registered public charitable trusts or registered society, registered
under section 12A and 80G of the Income Tax Act, 1961, companies established under Section 8 of the Companies Act, 2013(corresponding
to Section 25 of the Companies Act, 1956) and/or through any implementing entity eligible under the Act and CSR Rules.
CSR COMMITTEE & ITS DUTIES
The Board will constitute CSR Committee, which shall comprise of such number of members as is mandatorily required by applicable laws.
(b) The CSR Committee shall inter alia be responsible for the following:
(i) Formulate and recommend the CSR Policy to the Board and suggest changes therein, from time to time;
(ii) Identify the areas of CSR activities to be taken up by the Company every year in accordance with this Policy;
(iii) Recommend the CSR Budget every year and project or activity to be undertaken;
(iv) Formulate and recommend to the Board for its approval, an annual action plan every financial year outlining the following:
a) the list of CSR projects or programmes that are approved to be undertaken in areas or subjects specified in Schedule VII of the Act;
24
b) the manner of execution of such projects or programmes;
c) the modalities of utilisation of funds and implementation schedules for the projects or programmes;
d) monitoring and reporting mechanism for the projects or programmes; and
e) details of need and impact assessment, if any, for the projects undertaken by the Company.
(v) Implement, oversee and monitor the progress of the project or activity rolled out under this Policy;
(vi) Provide an update to the Board on all CSR activities undertaken during the financial year; and
(vii) Such other functions and responsibilities, as may be assigned from time to time.
The CSR Committee shall meet as and when required.
FINANCIAL OUTLAY FOR CSR ACTIVITIES
Every year, upon the recommendation of the CSR Committee the Board will make a budgetary allocation for CSR activities/ projects for the
year. The budgetary allocation will be based on the CSR obligation of the Company for that financial year arrived in the manner provided
under the Act.
(b) The Company shall strive to spend the budgeted amount allocated for CSR activities/ projects planned for each financial year, within that
year. If for any reason, the budget of a year remains unutilised, the same would not lapse and will be treated in the following manner:
i. In case of Ongoing Project, the unspent amount shall be transferred to an account i.e. Unspent CSR Account within 30 days of end of the
financial year, or within such other time period as may be specified in the Act or CSR Rules from time to time, and such sum shall be spent
during the next three financial years from the date of transfer, in the manner prescribed under the Act read with CSR Rules, failing which, the
Company shall treat the unspent amount in the manner prescribed under the Act read with CSR Rules.
ii. In case of activities/ projects other than Ongoing Project, the same shall be transferred to funds specified in Schedule VII of the Act, or
any such other fund(s) as may be specified under the Act or CSR Rules, within 6 months of close of the financial year or within such other
time period as may be specified from time to time.
(c) Any surplus arising out of the CSR activities, projects or programs shall not form part of the business profits of the Company and shall be
treated in the following manner:
i. ploughed back into the same project; or
ii. shall be transferred to the Unspent CSR Account (if any) opened by the Company, from which the said amount shall be spent in
pursuance of CSR policy and annual action plan of the Company; or
iii. such surplus will be transferred to a Fund specified in Schedule VII to the Act, or any such other fund(s) as may be specified under the
Act or the Rules, within a period of six months of the expiry of the financial year.
The Board may during any financial year, approve to undertake CSR expenditure beyond the CSR obligation for that particular financial
year. Such excess CSR spend shall be carried forward for setting-off against the CSR obligation of the Company over next three consecutive
financial years in the manner decided by the Board.
IMPLEMENTATION
The Company will integrate its CSR plans and strategy with its business plans and strategies. For effective implementation, long-term CSR
plans will be broken down into medium-term and short term plans.
(b) Every year, the CSR Committee shall formulate and recommend to the Board, an annual action plan for execution of the CSR activities of
the Company. The annual action plan shall include the following broad parameters or such other matters as may be required by the Act or the
25
Board of Directors may direct from time to time:-
(i) the list of CSR projects or programmes that are approved to be undertaken in areas or subjects specified in Schedule VII of the Act;
(ii) the manner of execution of such projects or programmes as specified in the CSR Rules;
(iii) the modalities of utilisation of funds and implementation schedules for the projects or programmes;
(iv) monitoring and reporting mechanism for the projects or programmes; and
(v) details of need and impact assessment, if any, for the projects undertaken by the Company; Provided that Board may alter such plan at
any time during the financial year, as per the recommendation of its CSR Committee, based on the reasonable justification to that effect.
(c) Ongoing Projects(s) will be broken up into annual targets and activities to be implemented sequentially on a yearly basis, and the budget
would have to be allocated for the implementationof these activities and achievement of targets set for each successive year, till the final
completionof the project.
(d) Where the CSR activities are closely aligned with the business strategy and the Company possesses core competence to do it, the
Company may take up the implementation of CSR projectwith its own manpower and resources, if the CSR Committee is confident of its
organizational capability to execute such projects.
(e) If in the opinion of the CSR Committee, the implementation of CSR projects requires specialised knowledge and skills, and if the
Company does not have such expertise in-house, and dedicated staff to carry out such activities, the CSR Committee may recommend to
avail the services of external implementing agencies for the implementation of such CSR projects, as allowed under the Act read with CSR
Rules.
(f) In the event an external agency is engaged for the purposes of the CSR initiatives of the Company, the Company will need to enter into an
agreement with the relevant executing/implementing external agency, setting out the terms and conditions of the engagement of the external
agency. Following broad parameters shall be considered while appointing any external agency:
Legally authorized to undertake CSR activities.
Confirmation on ethical and clean track record of the agency.
Agency having the track record of at-least three years of working in CSR areas.
duly registered under Section 80G and 12A of Income Tax Act.
Has obtained Unique CSR Registration Number from Ministry of Corporate Affairs
There are no legal, quasi-legal, administrative, arbitration, or other proceedings, claims, actions or governmental investigations against the
agency affecting its abilityto undertake CSR activities.
Agency not declared as insolvent.
Agency shall have the requisite systems and processes in place for monitoring and reporting.
Such other condition as may be decided by the CSR Committee from time to time.
(g) The Board shall ensure that the Administrative Overheads shall not exceed such percentage of total CSR expenditure of the Company as
prescribed, from time to time, in the Act read with CSR Rules.
MONITORING
The Company recognizes that monitoring is critical for assessment of the progress as regards timelines, budgetary expenditure and
26
achievement of targets. Implementation and monitoring of the CSR activities will be overseen by the CSR Committee. Monitoring may be
done periodically with the help of identified key performance indicators, the periodicity being determined primarily by the nature of key
performance indicators.
(b) The monitoring and evaluation may be assigned by the CSR Committee to an independent external agency for the sake of objectivity and
transparency and a periodic report thereof, with respect to the status of CSR activities, to be submitted to the Company which shall be placed
before the CSR Committee and the Board at least once in a financial year.
(c) Monitoring will be done in project mode with continuous feedback mechanism, and recourse always available for mid-course correction
in implementation, whenever required.
(d) The performance of the Companys CSR activities would be monitored on the basis of their achievement of annual targets and the
utilization of the annual budgets for the activities planned and the targets set for each year.
(e) If the projects are being implemented by an implementing agency, the Company may in consultation with CSR Committee designate
special executives for this purpose.
(f) The CSR Committee with the approval of the Board may also undertake a study to assess the impact caused by the CSR activities of the
Company. For the said purpose, the CSR Committee may designate special executives for this purpose or avail the services of specialized
agencies. In case the Companys average CSR expenditure obligation is ten crore rupees or more, in the three immediately preceding financial
years, the Company shall mandatorily undertake impact assessment, through an independent agency, of their CSR projects or activities
having outlays of one crore rupees or more, and which have been completed not less than one year before undertaking the impact study.
(g) The impact assessment reports shall be placed before the Board and shall be annexed to the annual report on CSR. Further, the CSR
Committee shall appoint the impact assessment agency
DISCLOSURE
The Companys engagement in this domain shall be disseminated on its website if any, annual reports and/ or its in-house journals as and
when deem fit.
(b) The Company shall disclose the composition of the CSR Committee, CSR Policy and the Projects approved by the Board on its website if
any. The CSR Annual Report, web link of Policy along with salient features of the Policy and details of change (if any) during the financial
year, shall be disclosed in the Boards report.
REVIEW & AMENDMENT OF THE POLICY
The CSR Committee shall review the CSR Policy from time to time based on the changing needs and make suitable modifications as may be
necessary with the approval of the Board.
In case of any amendment(s), clarification(s), circular(s) etc. issued by the relevant authorities, not being consistent with the provisions laid
down under this Policy, then such amendment(s), clarification(s), circular(s) etc. shall prevail upon the provisions hereunder and this Policy
shall stand amended accordingly from the effective date as laid down under such amendment(s), clarification(s), circular(s) etc.
27
Disclosure of appointment and remuneration of managerial personnels [Text Block]

Disclosure of Statement giving particulars of employees under sub rule 2 of Rule 5 of the Companies (Appointment and Remuneration of
Managerial Personnel) Amendment Rules, 2016 for the financial year ended on 31st March, 2021 is not applicable because the Company is
an unlisted Private Limited Company.
Disclosure of details of establishment of vigil mechanism [Text Block]

The Board of Directors of the Company at its meeting held on March 31, 2015 adopted the Stryker Group Whistle Blower Policy as Vigil
Mechanism under which employees and Directors can report their genuine concerns or grievances directly to the Directors. Ms. Tanu Arora
is the Officer in Charge for Vigil Mechanism.
28
[400200] Disclosures - Auditors report
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table] ..(1)
Auditor's Auditor's Clause not
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis] favourable remark unfavourable applicable
[Member] remark [Member] [Member]
01/04/2020 01/04/2020 01/04/2020
to to to
31/03/2021 31/03/2021 31/03/2021
Disclosure of auditor's qualification(s), reservation(s) or adverse
remark(s) in auditors' report [Abstract]
Disclosure of auditor's qualification(s), reservation(s) or
adverse remark(s) in auditors' report [LineItems]
Disclosure in auditors report relating to fixed assets As below
The Company has
maintained proper
records showing full
particulars,
Disclosure relating to quantitative details of fixed assets including
quantitative details
and situation of
property, plant and
equipment.
Disclosure relating to physical verification and material Textual information
discrepancies of fixed assets (25) [See below]
Textual information
Disclosure relating to title deeds of immovable properties (26) [See below]
Textual information
Disclosure in auditors report relating to inventories (27) [See below]
Textual information
Disclosure in auditors report relating to loans (28) [See below]
Disclosure about loans granted to parties covered under
Not Applicable
section 189 of companies act
Disclosure relating to terms and conditions of loans granted Not Applicable
Disclosure regarding receipt of loans granted Not Applicable
Disclosure regarding terms of recovery of loans granted Not Applicable
Disclosure in auditors report relating to compliance with Textual information
Section 185 and 186 of Companies Act, 2013 (29) [See below]
Textual information
Disclosure in auditors report relating to deposits accepted (30) [See below]
Disclosure in auditors report relating to maintenance of cost Textual information
records (31) [See below]
As below
Disclosure in auditors report relating to statutory dues [TextBlock]
Disclosure relating to regularity in payment of undisputed Textual information

statutory dues [TextBlock] (32) [See below]
Textual information
Disclosure relating to disputed statutory dues [TextBlock] (33) [See below]
Disclosure in auditors report relating to default in repayment of Textual information
financial dues (34) [See below]
Disclosure in auditors report relating to public offer and Textual information
term loans used for purpose for which those were raised (35) [See below]
No fraud by the
Company or on the
Company by its
Disclosure in auditors report relating to fraud by the officers or
company or on the company by its officers or its employees has been
employees reported during period noticed or reported
during the period
covered by our
audit.
Textual information
Disclosure in auditors report relating to managerial remuneration (36) [See below]
In our opinion, the
Company is not a
Nidhi Company.
Accordingly,
Disclosure in auditors report relating to Nidhi Company provisions of clause
3(xii) of the Order
are not applicable.
29
Disclosure in auditors report relating to transactions with related Textual information

parties (37) [See below]
During the year, the
Company has not
made any
Disclosure in auditors report relating to preferential preferential
allotment or private placement of shares or convertible allotment or private
debentures placement of shares
or fully or partly
convertible
debentures.
In our opinion, the
Company has not
entered into any
non-cash
Disclosure in auditors report relating to non-cash transactions with the
transactions with directors or persons connected with him directors or persons
connected with them
covered under
Section 192 of the
Act.
The Company is not
required to be
Disclosure in auditors report relating to registration registered under
under section 45-IA of Reserve Bank of India Act, 1934 Section 45-IA of the
Reserve Bank of
India Act, 1934.
Details regarding auditors [Table] ..(1)

Auditors [Axis] 1
01/04/2020
to
31/03/2021
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
WALKER
Name of audit firm CHANDIOK & CO.
LLP
Name of auditor signing report ROHIT ARORA
Firms registration number of audit firm 001076N/N500013
Membership number of auditor 504774
L-41,
CONNAUGHT
Address of auditors CIRCUS, New
Delhi-110001
Permanent account number of auditor or auditor's firm AAAFW4298E
SRN of form ADT-1 H48288468
Date of signing audit report by auditors 29/10/2021
Date of signing of balance sheet by auditors 29/10/2021

01/04/2020
to
31/03/2021
Disclosure in auditor’s report explanatory [TextBlock] [See below]
Whether companies auditors report order is applicable on company Yes
Whether auditors' report has been qualified or has any reservations or
Yes
contains adverse remarks
Disclosure relating to physical verification and material discrepancies of fixed assets

The property, plant and equipment have been physically verified by the management during the year and material discrepancies were noticed
on such verification. These have been properly dealt with in the books of account. In our opinion, the frequency of verification of fixed assets
is reasonable having regard to the size of the Company and the nature of its assets.
Disclosure relating to title deeds of immovable properties

The Company does not hold any immovable property (in the nature of ‘property, plant and equipment’).Accordingly, the provisions of
clause 3(i) (c) of the Order are not applicable.
30
Disclosure in auditors report relating to inventories

In our opinion, the management has conducted physical verification of inventory at reasonable intervals during the year and no material
discrepancies between physical inventory and book records were noticed on physical verification/ material discrepancies noticed on physical
verification have been properly dealt with in the books of account.
Disclosure in auditors report relating to loans

The Company has not granted any loan, secured or unsecured to companies, firms, Limited Liability Partnerships (LLPs) or other parties
covered in the register maintained under Section 189 of the Act. Accordingly, the provisions of clauses 3(iii)(a), 3(iii)(b) and 3(iii)(c) of the
Order are not applicable.
Disclosure in auditors report relating to compliance with Section 185 and 186 of Companies Act, 2013
In our opinion, the Company has not entered into any transaction covered under Sections 185 and 186 of the Act. Accordingly, the provisions
of clause 3(iv) of the Order are not applicable.
Disclosure in auditors report relating to deposits accepted

In our opinion, the Company has not accepted any deposits within the meaning of Sections 73 to 76 of the Act and the Companies
(Acceptance of Deposits) Rules, 2014 (as amended). Accordingly, the provisions of clause 3(v) of the Order are not applicable.
Disclosure in auditors report relating to maintenance of cost records

We have broadly reviewed the books of account maintained by the Company pursuant to the Rules made by the Central Government for the
maintenance of cost records under sub-section (1) of Section 148 of the Act in respect of Company’s products/services and are of the opinion
that, prima facie, the prescribed accounts and records have been made and maintained. However, we have not made a detailed examination of
the cost records with a view to determine whether they are accurate or complete.
Disclosure relating to regularity in payment of undisputed statutory dues [Text Block]

Undisputed statutory dues including provident fund, employees’ state insurance, income-tax, sales-tax, service tax, duty of customs, duty of
excise, value added tax, cess and other material statutory dues, as applicable, have generally been regularly deposited to the appropriate
authorities, though there has been a slight delay in a few cases. Further, no undisputed amounts payable in respect thereof were outstanding at
the year-end for a period of more than six months from the date they became payable.
31
Disclosure relating to disputed statutory dues [Text Block]

The dues outstanding in respect of income-tax, sales-tax, goods and service tax, duty of customs, duty of excise and value added tax on
account of any dispute, are as follows:
Statement of Disputed Dues
Period to which the Remarks,

Name of the statute Nature of dues Amount (?) Forum where dispute is pending
amount relates if any
Income Tax Act, Disallowance ofbrought forward Commissioner of Income Tax

18,999,600 AY 2017-18
1961 losses & depreciation (Appeal)
Income Tax Act, Disallowance on account of transfer

19,872,653 AY 2017-18 Dispute Resolution Panel
1961 pricing adjustment
Income Tax Act, Disallowance on account of transfer

8,400,790 AY 2018-19 Transfer pricing Officer
1961 pricing adjustment
Central Sales Tax Non submission of tax declaration

2,347,641 2008-09 Commissioner (Appeal)
Act, 1956 form

801,082 2009-10 Commissioner (Appeal)
Act, 1956 form

2,161,847 2010-11 Assistant Commissioner
Act, 1956 form

95,815 2010-11 Deputy Commissioner
Act, 1956 form

73,723,883 2011-12 Assessing Officer
Act, 1956 form
Central Sales Tax Non submission of tax declaration Deputy Commissioner

1,655,340 2011-12
Act, 1956 form (Appeals)

110,249,028 2012-13 Assistant Commissioner
Act, 1956 form

46,241,381 2013-14 Assessing Officer
Act, 1956 form
Central Sales Tax Non submission of tax declaration Joint Excise & Taxation
3,866,746 2013-14
Act, 1956 form Commissioner (Appeals)
32
20,237,489
2014-15 Assessing Officer
Act, 1956 form
31,218,601
Act, 1956 form
331,516,780
Act, 1956 form
14,805,466
Act, 1956 form
Disclosure in auditors report relating to default in repayment of financial dues

The Company has not defaulted in repayment of loans or borrowings to any bank during the year. The Company has no loans or borrowings
payable from any financial institution or government. The Company did not have any outstanding debentures during the year.
Disclosure in auditors report relating to public offer and term loans used for purpose for which those were raised
The Company did not raise moneys by way of initial public offer or further public offer (including debt instruments) and did not have any
term loans outstanding during the year. Accordingly, the provisions of clause 3(ix) of the Order are not applicable.
Disclosure in auditors report relating to managerial remuneration

The provisions of Section 197 of the Act read with Schedule V to the Act are not applicable to the Company since the Company is not a
public company as defined under Section 2(71) of the Act. Accordingly, provisions of clause 3(xi) of the Order are not applicable.
Disclosure in auditors report relating to transactions with related parties

In our opinion, all transactions with the related parties are in compliance with Section 188 of the Act, where applicable, and the requisite
details have been disclosed in the financial statements, as required by the applicable accounting standards. Further, in our opinion, the
Company is not required to constitute audit committee under Section 177 of the Act.
33
Disclosure in auditor’s report explanatory [Text Block]

Independent Auditor’s Report
Tothe Members of Stryker India Private Limited
Report on the Audit of the Financial Statements
Qualified Opinion
1. We have audited the accompanying financial statements of Stryker India Private Limited (‘the Company’), which comprise the Balance
Sheet as at 31 March 2021, the Statement of Profit and Loss and the Cash Flow Statement for the year then ended, and a summary of the
significant accounting policies and other explanatory information.
2. In our opinion and to the best of our information and according to the explanations given to us, except for the possible effects of the
matters described in the Basis for Qualified Opinion section of our report, the aforesaid financial statements give the information required by
the Companies Act, 2013 (‘Act’) in the manner so required and give a true and fair view, in conformity with the accounting principles
generally accepted in India including the Accounting Standards prescribed under section 133 of the Act, read with rule 7 of the Companies
(Accounts) Rules, 2014 (as amended), of the state of affairs of the Company as at 31 March 2021, and its loss and its cash flows for the year
ended on that date.
Basis for Qualified Opinion
3. (a) As stated in note 26 to the accompanying financial statements, the Company had been allocating customs duty, freight and clearing
charges globally on the basis of basic cost upto year ended 31 March 2020, which was not in accordance with the Accounting Standard 2,
Inventories and in the absence of necessary assessment by the Company’s management, we were unable to obtain sufficient appropriate audit
evidence to comment on the impact of the said misstatement on the closing balance of inventory as at 31 March 2020, movement of
increase/decrease of inventories in the statement of profit and loss and therefore issued a qualified opinion on the financial statements for the
year ended 31 March 2020 with respect to this matter. Since opening balance of inventories enter into determination of the results of
operations and cash flows, we are unable to comment on any adjustments that maybe required in respect of profit after tax and net cash flows
from operating activities for the year ended 31 March 2021.
(b) As stated in note 28 to the accompanying financial statements, the Company had been allocating customs duty, freight and clearing
charges globally on the basis of basic cost upto year ended 31 March 2020, which was not in accordance with the Accounting Standard 10
(Revised), Property, Plant and Equipment and in the absence of necessary assessment by the Company’s management, we were unable to
obtain sufficient appropriate audit evidence to comment on the impact of the said misstatement on the closing balance of Property, plant and
equipment as at 31 March 2020, depreciation charge for the year then ended and therefore issued a qualified opinion on the financial
statements for the year ended 31 March 2020 with respect to this matter. Since the opening balance of property, plant and equipment impact
34
the computation of depreciation expense for the current year ended 31 March 2021, we are unable to comment on any adjustments that
maybe required in respect of depreciation expense for the current year ended 31 March 2021 and consequential impact, if any, on the
accompanying financial statements.
(c) We report that the opening balance of inventory amounting to Rs. 2,375,750,844 as at31 March 2020 was not subject to physical
verification by the management due to restriction related to COVID-19 pandemic situation imposed by Government and other practical
difficulties and we were unable to obtain sufficient appropriate audit evidence to comment on adjustments, if any, that may have been
required to the carrying value of inventory and its consequential impact. Accordingly, we had qualified our audit opinion in respect of this
matter. Since opening balance of inventories enter into determination of the results of operations and cash flows, we are unable to comment
on any adjustments that maybe required in respect of loss after tax and net cash flows from operating activities for the year ended 31 March
2021.
1. We conducted our audit in accordance with the Standards on Auditing specified under section 143(10) of the Act. Our responsibilities
under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report.
We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in
terms of the Code of Ethics issued by the Institute of Chartered Accountants of India (‘ICAI’) and the relevant provisions of the Act and the
rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We
believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.
Information other than the Financial Statements and Auditor’s Report thereon
2. The Company’s Board of Directors are responsible for the other information. The other information does not include thefinancial
statements and our auditor’s report thereon.
Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion
thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether
the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to
be materially misstated.
The Board Report is not made available to us at the date of this auditor’s report. We have nothing to report in this regard.
Responsibilities of Management for the Financial Statements
3. The accompanying financial statements have been approved by the Company’s Board of Directors. The Company’s Board of Directors
are responsible for the matters stated in section 134(5) of the Act with respect to the preparation and presentation of these financial
statements that give a true and fair view of the financial position, financial performance and cash flows of the Company in accordance with
the accounting principles generally accepted in India, including the Accounting Standards prescribed under section 133 of the Act, read with
rule 7 of the Companies (Accounts) Rules, 2014 (as amended). This responsibility also includes maintenance of adequate accounting records
in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other
irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent;
35
and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy
and completeness of the accounting records, relevant to the preparation and presentation of the financial statements that give a true and fair
view and are free from material misstatement, whether due to fraud or error.
4. In preparing the financial statements, Board of Directors are responsible for assessing the Company’s ability to continue as a going
concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless Board of
Directors either intend to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
5. Those Board of Directors are also responsible for overseeing the Company’s financial reporting process.
Auditor’s Responsibilities for the Audit of the Financial Statements
6. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement,
whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but
is not a guarantee that an audit conducted in accordance with Standards on Auditing will always detect a material misstatement when it
exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
7. As part of an audit in accordance with Standards on Auditing, we exercise professional judgment and maintain professional skepticism
throughout the audit. We also:
· Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform
audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The
risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion,
forgery, intentional omissions, misrepresentations, or the override of internal control;
· Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the
circumstances,Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate
internal financial controls with reference to financial statements and the operating effectiveness of such controls;
· Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made
by management;
· Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence
obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to
continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the
related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the
audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to
continue as a going concern; and
36
· Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial
statements represent the underlying transactions and events in a manner that achieves fair presentation.
8. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and
significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
Report on Other Legal and Regulatory Requirements
Based on our audit, we report that the provisions of section 197 read with Schedule V to the Act are not applicable to the Company since the
Company is not a public company as defined under section 2(71) of the Act. Accordingly, reporting under section 197(16) is not applicable.
9. As required by the Companies (Auditor’s Report) Order, 2016 (‘the Order’) issued by the Central Government of India in terms of
section 143(11) of the Act, we give in the Annexure 1a statement on the matters specified in paragraphs 3 and 4 of the Order.
10. Further to our comments in Annexure 1, as required by section 143(3) of the Act, based on our audit, we report, to the extent applicable,
that:
a) we have sought and except for the matters described in the Basis for Qualified Opinion section, obtained all the information and
explanations which to the best of our knowledge and belief were necessary for the purpose of our audit of the accompanying financial
statements;
b) except for the possible effectsof the matters described in the Basis for Qualified Opinion section, in our opinion, proper books of account
as required by law have been kept by the Company so far as it appears from our examination of those books;
c) the financial statements dealt with by this report are in agreement with the books of account;
d) except for the possible effects of the matters described in the Basis for Qualified Opinion section,in our opinion, the aforesaid financial
statements comply with the Accounting Standards prescribed under section 133 of the Act, read with rule 7 of the Companies (Accounts)
Rules, 2014 (as amended);
e) the matters described in paragraph 3 under the Basis for Qualified Opinion section above, in our opinion, may have an adverse effect on
the functioning of the Company;
37
f) on the basis of the written representations received from the directors and taken on record by the Board of Directors, none of the
directors is disqualified as on 31 March 2021from being appointed as a director in terms of section 164(2) of the Act;
g) the qualification relating to the maintenance of accounts and other matters connected therewith are as stated in the Basis for Qualified
Opinion section;
h) we have also audited the internal financial controls with reference to financial statements of the Company as on 31 March 2021in
conjunction with our audit of the financial statements of the Company for the year ended on that date and our report dated 29 October 2021as
per Annexure 2 expressed unmodified opinion; and
i) with respect to the other matters to be included in the Auditor’s Report in accordance with rule 11 of the Companies (Audit and
Auditors) Rules, 2014 (as amended), in our opinion and to the best of our information and according to the explanations given to us:
i. the Company, as detailed in note 24to the financial statements, has disclosed the impact of pending litigations on its financial
position as at 31 March 2021;
ii. the Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable
losses as at 31 March 2021;
iii. there were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company
during the year ended 31 March 2021; and
iv. the disclosure requirements relating to holdings as well as dealings in specified bank notes were applicable for the period from 8
November 2016 to 30 December 2016, which are not relevant to these financial statements. Hence, reporting under this clause is not
applicable.
Annexure 1
Based on the audit procedures performed for the purpose of reporting a true and fair view on the financial statements of the Company and
taking into consideration the information and explanations given to us and the books of account and other records examined by us in the
normal course of audit, and to the best of our knowledge and belief, we report that:
Annexure 2
38
Independent Auditor’s Report on the internal financial controls with reference to financial statements under Clause (i) of Sub-section 3 of
Section 143 of the Companies Act, 2013 (‘the Act’)
1. In conjunction with our audit of the financial statements of Stryker India Private Limited (‘the Company’) as at and for the year ended
31 March 2021, we have audited the internal financial controls with reference to financial statements of the Company as at that date.
Responsibilities of Management for Internal Financial Controls
2. The Company’s Board of Directors is responsible for establishing and maintaining internal financial controls based on the internal
financial controls with reference to financial statements criteria established by the Company considering the essential components of internal
control stated in the Guidance Note on Audit of Internal Financial Controls over Financial Reporting issued by the Institute of Chartered
Accountants of India. These responsibilities include the design, implementation and maintenance of adequate internal financial controls that
were operating effectively for ensuring the orderly and efficient conduct of the Company’s business, including adherence to the Company’s
policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting
records, and the timely preparation of reliable financial information, as required under the Act.
Auditor’s Responsibility for the Audit of the Internal Financial Controls with Reference to Financial Statements
3. Our responsibility is to express an opinion on the Company's internal financial controls with reference to financial statements based on
our audit. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India
(‘ICAI’) prescribed under Section 143(10) of the Act, to the extent applicable to an audit of internal financial controls with reference to
financial statements, and the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting (‘the Guidance Note’) issued
by the ICAI. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to
obtain reasonable assurance about whether adequate internal financial controls with reference to financial statements were established and
maintained and if such controls operated effectively in all material respects.
4. Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls with reference
to financial statements and their operating effectiveness. Our audit of internal financial controls with reference to financial statements
includes obtaining an understanding of such internal financial controls, assessing the risk that a material weakness exists, and testing and
evaluating the design and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the
auditor’s judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified audit opinion on the
Company’s internal financial controls with reference to financial statements.
Meaning of Internal Financial Controls with Reference to Financial Statements
39
5. A company's internal financial controls with reference to financial statements is a process designed to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally
accepted accounting principles. A company's internal financial controls with reference to financial statements include those policies and
procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and
dispositions of the assets of the company; (2)provide reasonable assurance that transactions are recorded as necessary to permit preparation
of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are
being made only in accordance with authorisations of management and directors of the company; and (3) provide reasonable assurance
regarding prevention or timely detection of unauthorised acquisition, use, or disposition of the company's assets that could have a material
effect on the financial statements.
Inherent Limitations of Internal Financial Controls with Reference to Financial Statements
6. Because of the inherent limitations of internal financial controls with reference to financial statements, including the possibility of
collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be detected. Also,
projections of any evaluation of the internal financial controls with reference to financial statements to future periods are subject to the risk
that the internal financial controls with reference to financial statements may become inadequate because of changes in conditions, or that the
degree of compliance with the policies or procedures may deteriorate.
Opinion
In our opinion, the Company has, in all material respects, adequate internal financial controls with reference to financial statements and such
controls were operating effectively as at 31 March 2021, based on the internal financial controls with reference to financial statements criteria
established by the Company considering the essential components of internal control stated in the Guidance Note issued by the ICAI.
[400500] Disclosures - Secretarial audit report

01/04/2020
to
31/03/2021
Disclosure in secretarial audit report explanatory [TextBlock]
Whether secretarial audit report is applicable on company No
40
[100100] Balance sheet

31/03/2021 31/03/2020
Balance sheet [Abstract]
Equity and liabilities [Abstract]
Shareholders' funds [Abstract]
Share capital 23,07,41,900 13,34,70,000
Reserves and surplus 163,52,73,747 109,62,23,166
Total shareholders' funds 186,60,15,647 122,96,93,166
Share application money pending allotment 0 0
Non-current liabilities [Abstract]
Long-term borrowings 0 0
Other long-term liabilities 0 0
Long-term provisions 5,70,32,255 4,16,19,837
Total non-current liabilities 5,70,32,255 4,16,19,837
Current liabilities [Abstract]
Short-term borrowings 85,00,00,000 135,00,00,000
Trade payables (A) 203,29,38,866 (B) 288,80,97,623

Other current liabilities 60,97,03,803 75,69,56,208
Short-term provisions 15,20,44,592 5,95,71,098
Total current liabilities 364,46,87,261 505,46,24,929
Total equity and liabilities 556,77,35,163 632,59,37,932
Assets [Abstract]
Non-current assets [Abstract]
Fixed assets [Abstract]
Tangible assets 30,61,74,469 36,53,51,033
Intangible assets 91,026 25,44,991
Tangible assets capital work-in-progress 9,70,22,545 19,42,89,184
Total fixed assets 40,32,88,040 56,21,85,208
Non-current investments 0 3,51,00,000
Deferred tax assets (net) 33,24,22,210 33,96,17,934
Long-term loans and advances 34,46,76,360 46,46,77,322
Total non-current assets 108,03,86,610 140,15,80,464
Current assets [Abstract]
Current investments 0 0
Inventories 203,43,99,886 237,57,50,844
Trade receivables 151,25,68,728 170,18,04,729
Cash and bank balances 66,69,89,932 75,74,24,370
Short-term loans and advances 5,46,06,686 4,20,83,686
Other current assets 21,87,83,321 4,72,93,839
Total current assets 448,73,48,553 492,43,57,468
Total assets 556,77,35,163 632,59,37,932
Footnotes
(A) Total outstanding dues of micro enterprises and small enterprises : 991161 Total outstanding dues of creditors other than micro
enterprises and small enterprises : 2031947705
(B) Total outstanding dues of micro enterprises and small enterprises : 0 Total outstanding dues of creditors other than micro
enterprises and small enterprises : 2888097623
41
[400300] Disclosures - Signatories of financial statements
Details of directors signing financial statements [Table] ..(1)

Directors signing financial statements [Axis] 1 2
01/04/2020 01/04/2020
to to
31/03/2021 31/03/2021
Details of signatories of financial statements [Abstract]
Details of directors signing financial statements [Abstract]
Details of directors signing financial statements [LineItems]
Name of director signing financial statements [Abstract]
First name of director MEENAKSHI AMAN
Last name of director NEVATIA RISHI
Whole Time
Designation of director Managing Director
Director
Director identification number of director 08235844 08201740
Date of signing of financial statements by director 29/10/2021 29/10/2021

01/04/2020
to
31/03/2021
Name of company secretary Tanu Arora
Permanent account number of company secretary AESPA6396M
Date of signing of financial statements by company secretary 29/10/2021
42
[100400] Cash flow statement, indirect

01/04/2020 01/04/2019
to to 31/03/2019
31/03/2021 31/03/2020
Statement of cash flows [Abstract]
Whether cash flow statement is applicable on company Yes Yes
Cash flows from used in operating activities [Abstract]
Profit before extraordinary items and tax 19,32,48,853 34,02,61,057
Adjustments for reconcile profit (loss) [Abstract]
Adjustments to profit (loss) [Abstract]
Adjustments for depreciation and amortisation expense 8,53,74,572 7,91,22,842
Adjustments for unrealised foreign exchange losses gains -3,05,46,490 17,41,40,926
Other adjustments for which cash effects are investing or
financing cash flow (A) 19,94,66,318 (B) 11,48,54,264
Other adjustments to reconcile profit (loss) (C) -1,27,48,989 (D) -79,24,718

Other adjustments for non-cash items (E) -8,17,53,964 (F) 22,47,39,076
Total adjustments to profit (loss) 15,97,91,447 58,49,32,390
Adjustments for working capital [Abstract]
Adjustments for decrease (increase) in inventories 34,13,50,958 -6,13,86,210
Adjustments for decrease (increase) in trade receivables 34,18,66,381 -64,61,70,763
Adjustments for decrease (increase) in other current assets (G) -15,05,31,791 (H) 11,95,54,913
Adjustments for increase (decrease) in other current liabilities -98,68,08,069 93,40,48,018
Total adjustments for working capital -45,41,22,521 34,60,45,958
Total adjustments for reconcile profit (loss) -29,43,31,074 93,09,78,348
Net cash flows from (used in) operations -10,10,82,221 127,12,39,405
Income taxes paid (refund) 20,44,66,651 13,13,02,339
Net cash flows from (used in) operating activities before extraordinary
-30,55,48,872 113,99,37,066
items
Net cash flows from (used in) operating activities -30,55,48,872 113,99,37,066
Cash flows from used in investing activities [Abstract]
Cash flows used in obtaining control of subsidiaries or other businesses 0 3,51,00,000
Proceeds from sales of tangible assets 0 86,14,373
Purchase of tangible assets 9,06,94,462 43,09,13,178
Net cash flows from (used in) investing activities before extraordinary
-9,06,94,462 -45,73,98,805
items
Net cash flows from (used in) investing activities -9,06,94,462 -45,73,98,805
Cash flows from used in financing activities [Abstract]
Proceeds from issuing shares 88,28,39,765 0
Repayments of borrowings 50,00,00,000 0
Interest paid 9,34,88,633 11,47,99,549
Net cash flows from (used in) financing activities before extraordinary
28,93,51,132 -11,47,99,549
items
Net cash flows from (used in) financing activities 28,93,51,132 -11,47,99,549
Net increase (decrease) in cash and cash equivalents before effect of
-10,68,92,202 56,77,38,712
exchange rate changes
Net increase (decrease) in cash and cash equivalents -10,68,92,202 56,77,38,712
Cash and cash equivalents cash flow statement at end of period 66,69,89,932 75,74,24,370 18,96,85,662
Footnotes
(A) Interest Expenses : 93488633 Loss on sale/write off of fixed assets : 105977685
(B) Interest Expenses : 114799550 Loss on sale/write off of fixed assets : 54714
(C) Prior Period Expenses : -12748989
(D) Prior Period Expenses : -7924718
(E) Liabilities/provisions no longer required written back : -121879157 Provision for doubtful debts and advances : 0 Provision for
warranty : -18114179 Bad debts written off : 0 Amount written off on capital work in progress : 58239372
(F) Liabilities/provisions no longer required written back : -56167750 Provision for doubtful debts and advances : 284046874
Provision for warranty : -4212126 Bad debts written off : 1072078 Amount written off on capital work in progress : 0
(G) Increase in short term loans and advances : -12480048 Decrease in long term loans and advances : 33437739 (Increase)/Decrease
in other current assets : -171489482
(H) Increase in short term loans and advances : -11874712 Decrease in long term loans and advances : 53794452 (Increase)/Decrease
in other current assets : 77635173
43
[200100] Notes - Share capital
Disclosure of classes of share capital [Table] ..(1)

Classes of share capital [Axis] Share capital [Member] Equity shares [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Number of shares authorised [shares] 4,00,00,000 [shares] 1,50,00,000 [shares] 4,00,00,000 [shares] 1,50,00,000
Value of shares authorised 40,00,00,000 15,00,00,000 40,00,00,000 15,00,00,000
Number of shares issued [shares] 2,30,74,190 [shares] 1,33,47,000 [shares] 2,30,74,190 [shares] 1,33,47,000
Value of shares issued 23,07,41,900 13,34,70,000 23,07,41,900 13,34,70,000
Number of shares subscribed and fully paid [shares] 2,30,74,190 [shares] 1,33,47,000 [shares] 2,30,74,190 [shares] 1,33,47,000
Value of shares subscribed and fully paid 23,07,41,900 13,34,70,000 23,07,41,900 13,34,70,000
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0 0
Total number of shares subscribed [shares] 2,30,74,190 [shares] 1,33,47,000 [shares] 2,30,74,190 [shares] 1,33,47,000
Total value of shares subscribed 23,07,41,900 13,34,70,000 23,07,41,900 13,34,70,000
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 2,30,74,190 [shares] 1,33,47,000 [shares] 2,30,74,190 [shares] 1,33,47,000
Value of shares called 23,07,41,900 13,34,70,000 23,07,41,900 13,34,70,000
Calls unpaid [Abstract]
Calls unpaid by directors and officers
[Abstract]
Calls unpaid by directors 0 0 0 0
Calls unpaid by officers 0 0 0 0
Total calls unpaid by directors and
0 0 0 0
officers
Calls unpaid by others 0 0 0 0
Total calls unpaid 0 0 0 0
Forfeited shares 0 0 0 0
Forfeited shares reissued 0 0 0 0
Value of shares paid-up 23,07,41,900 13,34,70,000 23,07,41,900 13,34,70,000
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued as rights [shares] 97,27,190 [shares] 0 [shares] 97,27,190 [shares] 0
Number of shares issued in private
placement arising out of conversion of
[shares] 0 [shares] 0 [shares] 0 [shares] 0
debentures preference shares during
period
Number of shares issued in other private
placement
Number of shares issued as preferential
allotment arising out of conversion of
debentures preference shares during
period
Number of shares issued as other
preferential allotment
Number of shares allotted for
contracts without payment received [shares] 0 [shares] 0 [shares] 0 [shares] 0
in cash
Number of shares issued under scheme of
amalgamation
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued under employee
stock option plan
Number of other issue of shares
arising out of conversion of [shares] 0 [shares] 0 [shares] 0 [shares] 0
securities
Total aggregate number of shares issued
[shares] 97,27,190 [shares] 0 [shares] 97,27,190 [shares] 0
during period
44
Decrease in number of shares during period

[Abstract]
Number of shares bought back [shares] 0 [shares] 0 [shares] 0 [shares] 0
Other decrease in number of shares [shares] 0 [shares] 0 [shares] 0 [shares] 0
Total decrease in number of shares during
period
Total increase (decrease) in number of
[shares] 97,27,190 [shares] 0 [shares] 97,27,190 [shares] 0
shares outstanding
Number of shares outstanding at end of period [shares] 2,30,74,190 [shares] 1,33,47,000 [shares] 2,30,74,190 [shares] 1,33,47,000
Reconciliation of value of shares outstanding
[Abstract]
Changes in share capital [Abstract]
Increase in share capital during period
[Abstract]
Amount of public issue during period 0 0 0 0
Amount of bonus issue during period 0 0 0 0
Amount of rights issue during period 9,72,71,900 0 9,72,71,900 0
Amount of private placement issue
arising out of conversion of debentures 0 0 0 0
preference shares during period
Amount of other private placement issue
0 0 0 0
during period
Amount of preferential allotment issue
arising out of conversion of debentures 0 0 0 0
preference shares during period
Amount of other preferential allotment
0 0 0 0
issue during period
Amount of issue allotted for
contracts without payment 0 0 0 0
received in cash during period
Amount of issue under scheme of
0 0 0 0
amalgamation during period
Amount of other issues during period 0 0 0 0
Amount of employee stock option plan
0 0 0 0
issued during period
Amount of other issue arising out of
conversion of securities during 0 0 0 0
period
Total aggregate amount of increase in
9,72,71,900 0 9,72,71,900 0
share capital during period
Decrease in share capital during period
[Abstract]
Decrease in amount of shares bought back 0 0 0 0
Other decrease in amount of shares 0 0 0 0
Total decrease in share capital during
0 0 0 0
period
Total increase (decrease) in share capital 9,72,71,900 0 9,72,71,900 0
Share capital at end of period 23,07,41,900 13,34,70,000 23,07,41,900 13,34,70,000
Shares in company held by holding company or
ultimate holding company or by its subsidiaries
or associates [Abstract]
Shares in company held by holding company [shares] 1,84,01,190 [shares] 86,74,000 [shares] 1,84,01,190 [shares] 86,74,000
Shares in company held by ultimate holding
[shares] 46,73,000 [shares] 46,73,000 [shares] 46,73,000 [shares] 46,73,000
company
Shares in company held by subsidiaries of its
holding company
Shares in company held by subsidiaries of its
ultimate holding company
Shares in company held by associates of its
holding company
Shares in company held by associates of its
ultimate holding company
Total shares in company held by holding company
or ultimate holding company or by its [shares] 2,30,74,190 [shares] 1,33,47,000 [shares] 2,30,74,190 [shares] 1,33,47,000
subsidiaries or associates
Shares reserved for issue under options
and contracts or commitments for sale of [shares] 0 [shares] 0 [shares] 0 [shares] 0
shares or disinvestment
Amount of shares reserved for issue under options
and contracts or commitments for sale of shares or 0 0 0 0
disinvestment
Aggregate number of fully paid-up shares issued
pursuant to contracts without payment being [shares] 0 [shares] 0 [shares] 0 [shares] 0
received in cash during last five years
45
Aggregate number of fully paid-up shares

issued by way of bonus shares during last [shares] 0 [shares] 0 [shares] 0 [shares] 0
five years
Aggregate number of shares bought back during
last five years
Original paid-up value of forfeited shares 0 0 0 0
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
Application money received for
allotment of securities and due for 0 0 0 0
refund, principal
Application money received for
allotment of securities and due for 0 0 0 0
refund, interest accrued
Total application money received for
allotment of securities and due for refund 0 0 0 0
and interest accrued thereon
Number of shares proposed to be issued [shares] 0 [shares] 0 [shares] 0 [shares] 0
Share premium for shares to be allotted 0 0 0 0
46
Disclosure of classes of share capital [Table] ..(2)

Classes of share capital [Axis] Equity shares 1 [Member]
01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Type of share Equity Equity
Number of shares authorised [shares] 4,00,00,000 [shares] 1,50,00,000
Value of shares authorised 40,00,00,000 15,00,00,000
Number of shares issued [shares] 2,30,74,190 [shares] 1,33,47,000
Value of shares issued 23,07,41,900 13,34,70,000
Number of shares subscribed and fully paid [shares] 2,30,74,190 [shares] 1,33,47,000
Value of shares subscribed and fully paid 23,07,41,900 13,34,70,000
Number of shares subscribed but not fully paid [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0
Total number of shares subscribed [shares] 2,30,74,190 [shares] 1,33,47,000
Total value of shares subscribed 23,07,41,900 13,34,70,000
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 2,30,74,190 [shares] 1,33,47,000
Value of shares called 23,07,41,900 13,34,70,000
Calls unpaid [Abstract]
Calls unpaid by directors and officers [Abstract]
Calls unpaid by directors 0 0
Calls unpaid by officers 0 0
Total calls unpaid by directors and officers 0 0
Calls unpaid by others 0 0
Total calls unpaid 0 0
Forfeited shares 0 0
Forfeited shares reissued 0 0
Value of shares paid-up 23,07,41,900 13,34,70,000
Par value per share [INR/shares] 10 [INR/shares] 10
Amount per share called in case shares not fully called [INR/shares] 0 [INR/shares] 0
Reconciliation of number of shares outstanding [Abstract]
Changes in number of shares outstanding [Abstract]
Increase in number of shares outstanding [Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0
Number of shares issued as rights [shares] 97,27,190 [shares] 0
Number of shares issued in private placement arising out of conversion
[shares] 0 [shares] 0
of debentures preference shares during period
Number of shares issued in other private placement [shares] 0 [shares] 0
Number of shares issued as preferential allotment arising out of
conversion of debentures preference shares during period
Number of shares issued as other preferential allotment [shares] 0 [shares] 0
Number of shares allotted for contracts without payment received in cash [shares] 0 [shares] 0
Number of shares issued under scheme of amalgamation [shares] 0 [shares] 0
Number of other issues of shares [shares] 0 [shares] 0
Number of shares issued under employee stock option plan [shares] 0 [shares] 0
Number of other issue of shares arising out of conversion of securities [shares] 0 [shares] 0
Total aggregate number of shares issued during period [shares] 97,27,190 [shares] 0
Decrease in number of shares during period [Abstract]
Number of shares bought back [shares] 0 [shares] 0
Other decrease in number of shares [shares] 0 [shares] 0
Total decrease in number of shares during period [shares] 0 [shares] 0
Total increase (decrease) in number of shares outstanding [shares] 97,27,190 [shares] 0
Number of shares outstanding at end of period [shares] 2,30,74,190 [shares] 1,33,47,000
Reconciliation of value of shares outstanding [Abstract]
Changes in share capital [Abstract]
Increase in share capital during period [Abstract]
Amount of public issue during period 0 0
Amount of bonus issue during period 0 0
Amount of rights issue during period 9,72,71,900 0
Amount of private placement issue arising out of conversion of
0 0
debentures preference shares during period
Amount of other private placement issue during period 0 0
47
Amount of preferential allotment issue arising out of conversion of

0 0
debentures preference shares during period
Amount of other preferential allotment issue during period 0 0
Amount of issue allotted for contracts without payment received in cash
0 0
during period
Amount of issue under scheme of amalgamation during period 0 0
Amount of other issues during period 0 0
Amount of employee stock option plan issued during period 0 0
Amount of other issue arising out of conversion of securities during period 0 0
Total aggregate amount of increase in share capital during period 9,72,71,900 0
Decrease in share capital during period [Abstract]
Decrease in amount of shares bought back 0 0
Other decrease in amount of shares 0 0
Total decrease in share capital during period 0 0
Total increase (decrease) in share capital 9,72,71,900 0
Share capital at end of period 23,07,41,900 13,34,70,000
Shares in company held by holding company or ultimate holding company or by its
subsidiaries or associates [Abstract]
Shares in company held by holding company [shares] 1,84,01,190 [shares] 86,74,000
Shares in company held by ultimate holding company [shares] 46,73,000 [shares] 46,73,000
Shares in company held by subsidiaries of its holding company [shares] 0 [shares] 0
Shares in company held by subsidiaries of its ultimate holding company [shares] 0 [shares] 0
Shares in company held by associates of its holding company [shares] 0 [shares] 0
Shares in company held by associates of its ultimate holding company [shares] 0 [shares] 0
Total shares in company held by holding company or ultimate holding company
[shares] 2,30,74,190 [shares] 1,33,47,000
or by its subsidiaries or associates
Shares reserved for issue under options and contracts or commitments for sale of
shares or disinvestment
Amount of shares reserved for issue under options and contracts or commitments
0 0
for sale of shares or disinvestment
Aggregate number of fully paid-up shares issued pursuant to contracts
without payment being received in cash during last five years
Aggregate number of fully paid-up shares issued by way of bonus shares during last
five years
Aggregate number of shares bought back during last five years [shares] 0 [shares] 0
Original paid-up value of forfeited shares 0 0
Details of application money received for allotment of securities and due for
refund and interest accrued thereon [Abstract]
Application money received for allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of securities and due for refund,
0 0
principal
Application money received for allotment of securities and due for refund,
0 0
interest accrued
Total application money received for allotment of securities and due for
0 0
refund and interest accrued thereon
Number of shares proposed to be issued [shares] 0 [shares] 0
Share premium for shares to be allotted 0 0
Disclosure of shareholding more than five per cent in company [Table] ..(1)
Classes of share capital [Axis] Equity shares [Member]
Name of shareholder [Axis] Shareholder 1 [Member] Shareholder 2 [Member]
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Disclosure of shareholding more than five per cent in
company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
Number of shares held in company [shares] 46,73,000 [shares] 46,73,000 [shares] 1,84,01,190 [shares] 86,74,000
48
Disclosure of shareholding more than five per cent in company [Table] ..(2)
Classes of share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Shareholder 1 [Member] Shareholder 2 [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Disclosure of shareholding more than five per cent in
company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
Type of share Equity Shares Equity Shares Equity Shares Equity Shares
Stryker Corporation Stryker Corporation Stryker Far East
Name of shareholder Inc. Inc. Inc.
Stryker Far East Inc.
Country of incorporation or residence of

UNITED STATES UNITED STATES UNITED STATES UNITED STATES
shareholder
Number of shares held in company [shares] 46,73,000 [shares] 46,73,000 [shares] 1,84,01,190 [shares] 86,74,000
Percentage of shareholding in company 20.00% 35.00% 80.00% 65.00%

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of notes on share capital explanatory [TextBlock] [See below]
Whether there are any shareholders holding more than five per cent
Yes Yes
shares in company
Whether reduction in capital done during year No No
Whether money raised from public offering during year No No
Disclosure of notes on share capital explanatory [Text Block]

The Company has only one class of equity shares having par value of Rs. 10 per share. Each holder of equity shares is entitled to one vote per
share. The Company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the
approval of the shareholders in the ensuing Annual General Meeting.
In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company, after
distribution of all preferential amounts.
The Company has not issued bonus shares, equity shares issued for considerations other than cash and also no shares have been bought back
in preceeding five years immediately preceeding 31 March 2021.
As per records of the Company, including its register of shareholders/ members and other declarations received from shareholders regarding
beneficial interest, the above shareholding represents beneficial ownerships of shares.
49
[200200] Notes - Reserves and surplus
Statement of changes in reserves [Table] ..(1)

Components of reserves [Axis] Reserves [Member] Securities premium account [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period -22,81,87,981 13,10,53,499 0 0
Other additions to reserves 76,72,38,562 0 78,55,67,865 0
Total additions to reserves 53,90,50,581 13,10,53,499 78,55,67,865 0
Total changes in reserves 53,90,50,581 13,10,53,499 78,55,67,865 0
Reserves at end of period 163,52,73,747 109,62,23,166 123,88,48,865 45,32,81,000
Statement of changes in reserves [Table] ..(2)

Securities
Components of reserves [Axis] premium account Surplus [Member]
[Member]
01/04/2020 01/04/2019
31/03/2019 to to 31/03/2019
31/03/2021 31/03/2020
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period -22,81,87,981 13,10,53,499
Other additions to reserves (A) -1,83,29,303 (B) 0
Total additions to reserves -24,65,17,284 13,10,53,499
Total changes in reserves -24,65,17,284 13,10,53,499
Reserves at end of period 45,32,81,000 39,64,24,882 64,29,42,166 51,18,88,667
(A) Adjustment on account of merger (refer note 42) : -18329303

(B) Adjustment on account of merger (refer note 42) : 0
[200300] Notes - Borrowings
Classification of borrowings [Table] ..(1)

Classification based on time period [Axis] Short-term [Member]
Classification of borrowings [Axis] Borrowings [Member] Term loans [Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member] Unsecured borrowings [Member]
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [LineItems]
Borrowings 85,00,00,000 135,00,00,000 40,00,00,000 90,00,00,000

Rupee term loans from banks
Classification of borrowings [Axis] Term loans from banks [Member]
[Member]
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Borrowings 40,00,00,000 90,00,00,000 (A) 40,00,00,000 90,00,00,000
50
Footnotes
(A) Short term loan of ? 400,000,000 (31 March 2020: ? 900,000,000) from bank is part of the working capital facility and is
repayable within 90 days. The loan is unsecured and interest ranges from 5.50 % to 8.50%.per annum. In addition, the Company has
facility of overdraft from bank at the rate of 11.5%. Total limit sanction is USD 1,500,000. Holding company has given guarantee in
respect of borrowings from bank mentioned above.

Loans and advances from related Loans and advances from others
Classification of borrowings [Axis]
parties [Member] [Member]
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Borrowings 45,00,00,000 45,00,00,000 (A) 45,00,00,000 45,00,00,000
Footnotes
(A) INR loan has been taken from Stryker Global Technology Centre Private Limited, the fellow subsidiary Company which is
unsecured, carries interest rate of 7.5% p.a. and payable on demand.
[201000] Notes - Tangible assets
Disclosure of additional information tangible assets [Table] ..(1)

Company total tangible assets
Classes of tangible assets [Axis] Plant and equipment [Member]
[Member]
Owned and leased assets Owned and leased assets
Sub classes of tangible assets [Axis] Owned assets [Member]
[Member] [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020 31/03/2021 31/03/2020
Disclosure of additional information
tangible assets [Abstract]
tangible assets [LineItems]
Straight Line Straight Line
Depreciation method tangible assets - - - -
Value Value
Useful lives or depreciation rates
NA NA NA NA 3 Years 3 Years
tangible assets

Classes of tangible assets [Axis] Furniture and fixtures [Member] Office equipment [Member]
[Member] [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020 31/03/2021 31/03/2020
Depreciation method tangible assets - -
Value Value
- -

NA NA 10 Years 10 Years NA NA
tangible assets
51

Classes of tangible assets [Axis] Office equipment [Member] Computer equipments [Member]
Owned and leased assets
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member]
[Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020 31/03/2021 31/03/2020
Straight Line Straight Line Straight Line Straight Line
Depreciation method tangible assets Value Value
- -
Value Value
2-5 Years 2-5 Years NA NA 3 Years 3 Years
tangible assets

Other tangible assets
Classes of tangible assets [Axis] Leasehold improvements [Member]
[Member]
[Member] [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020 31/03/2021 31/03/2020
Depreciation method tangible assets - -
Value Value
- -
Over the period Over the period
Useful lives or depreciation rates of lease or useful of lease or useful
NA NA NA NA
tangible assets life whichever is life whichever is
lower lower

Classes of tangible assets [Axis] Other tangible assets, others [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member] Owned assets [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Disclosure of additional information tangible assets
[Abstract]
Disclosure of additional information tangible assets
[LineItems]
Depreciation method tangible assets - - Straight Line Value Straight Line Value
Useful lives or depreciation rates tangible assets NA NA 5 Years 5 Years
52
Disclosure of tangible assets [Table] ..(1)

Classes of tangible assets [Axis] Company total tangible assets [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and Gross carrying amount Accumulated depreciation and
Carrying amount [Member]
gross carrying amount [Axis] [Member] impairment [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020 31/03/2021 31/03/2020
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 12,97,21,730 26,14,52,462 12,97,21,730 26,14,52,462
assets
Depreciation tangible assets -8,29,20,607 -7,66,68,878 8,29,20,607 7,66,68,878
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
10,59,77,687 0 16,16,56,652 92,13,18,449 5,56,78,965 92,13,18,449
others
Total disposals tangible
10,59,77,687 0 16,16,56,652 92,13,18,449 5,56,78,965 92,13,18,449
assets
Other adjustments tangible
assets [Abstract]
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
-5,91,76,564 18,47,83,584 -3,19,34,922 -65,98,65,987 2,72,41,642 -84,46,49,571
assets
Tangible assets at end of period 30,61,74,469 36,53,51,033 56,81,37,194 60,00,72,116 26,19,62,725 23,47,21,083
53

Classes of tangible assets [Axis] Company total tangible assets [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
10,59,77,687 0 16,16,56,652 92,13,18,449 5,56,78,965 92,13,18,449
others
10,59,77,687 0 16,16,56,652 92,13,18,449 5,56,78,965 92,13,18,449
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-5,91,76,564 18,47,83,584 -3,19,34,922 -65,98,65,987 2,72,41,642 -84,46,49,571
assets
54

01/04/2020 01/04/2019 01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
business combinations tangible 0 0 0 0
assets
Depreciation tangible assets -3,25,550 -3,25,550 3,25,550 3,25,550
Impairment loss
tangible assets
[Abstract]
0 0 2,79,185 0 2,79,185 0
others
0 0 2,79,185 0 2,79,185 0
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-3,25,550 -3,25,550 -2,79,185 0 46,365 3,25,550
assets
Tangible assets at end of period 5,71,089 8,96,639 53,92,115 56,71,300 48,21,026 47,74,661
55

01/04/2020 01/04/2019 01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
0 0 2,79,185 0 2,79,185 0
others
0 0 2,79,185 0 2,79,185 0
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-3,25,550 -3,25,550 -2,79,185 0 46,365 3,25,550
assets
56

Classes of tangible assets [Axis] Furniture and fixtures [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
1 0 27,05,455 6,44,508 27,05,454 6,44,508
others
1 0 27,05,455 6,44,508 27,05,454 6,44,508
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-6,06,231 -6,28,477 -27,05,455 -6,44,508 -20,99,224 -16,031
assets
57

Classes of tangible assets [Axis] Furniture and fixtures [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
1 0 27,05,455 6,44,508 27,05,454 6,44,508
others
1 0 27,05,455 6,44,508 27,05,454 6,44,508
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-6,06,231 -6,28,477 -27,05,455 -6,44,508 -20,99,224 -16,031
assets
58

Classes of tangible assets [Axis] Office equipment [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
business combinations tangible 14,81,931 92,71,495 14,81,931 92,71,495
assets
Impairment loss
tangible assets
[Abstract]
0 0 12,43,017 62,05,984 12,43,017 62,05,984
others
0 0 12,43,017 62,05,984 12,43,017 62,05,984
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-35,16,033 1,18,233 2,38,914 30,65,511 37,54,947 29,47,278
assets
Tangible assets at end of period 67,08,228 1,02,24,261 6,10,50,335 6,08,11,421 5,43,42,107 5,05,87,160
59

Classes of tangible assets [Axis] Office equipment [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
business combinations tangible 14,81,931 92,71,495 14,81,931 92,71,495
assets
Impairment loss
tangible assets
[Abstract]
0 0 12,43,017 62,05,984 12,43,017 62,05,984
others
0 0 12,43,017 62,05,984 12,43,017 62,05,984
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-35,16,033 1,18,233 2,38,914 30,65,511 37,54,947 29,47,278
assets
Tangible assets at end of period 67,08,228 1,02,24,261 6,10,50,335 6,08,11,421 5,43,42,107 5,05,87,160
60

Classes of tangible assets [Axis] Computer equipments [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
business combinations tangible 65,81,775 2,54,93,281 65,81,775 2,54,93,281
assets
Impairment loss
tangible assets
[Abstract]
0 0 4,59,473 7,92,958 4,59,473 7,92,958
others
0 0 4,59,473 7,92,958 4,59,473 7,92,958
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-65,64,185 1,35,93,981 61,22,302 2,47,00,323 1,26,86,487 1,11,06,342
assets
61

Classes of tangible assets [Axis] Computer equipments [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
business combinations tangible 65,81,775 2,54,93,281 65,81,775 2,54,93,281
assets
Impairment loss
tangible assets
[Abstract]
0 0 4,59,473 7,92,958 4,59,473 7,92,958
others
0 0 4,59,473 7,92,958 4,59,473 7,92,958
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-65,64,185 1,35,93,981 61,22,302 2,47,00,323 1,26,86,487 1,11,06,342
assets
62

01/04/2020 01/04/2019 01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
assets
Depreciation tangible assets 0 0 0 0
Impairment loss
tangible assets
[Abstract]
0 0 34,85,605 10,25,637 34,85,605 10,25,637
others
0 0 34,85,605 10,25,637 34,85,605 10,25,637
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
0 0 -34,85,605 -10,25,637 -34,85,605 -10,25,637
assets
Tangible assets at end of period 0 0 61,34,878 96,20,483 61,34,878 96,20,483
63

01/04/2020 01/04/2019 01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
assets
Depreciation tangible assets 0 0 0 0
Impairment loss
tangible assets
[Abstract]
0 0 34,85,605 10,25,637 34,85,605 10,25,637
others
0 0 34,85,605 10,25,637 34,85,605 10,25,637
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
0 0 -34,85,605 -10,25,637 -34,85,605 -10,25,637
assets
Tangible assets at end of period 0 0 61,34,878 96,20,483 61,34,878 96,20,483
64

Classes of tangible assets [Axis] Other tangible assets [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
10,59,77,686 0 15,34,83,917 91,26,49,362 4,75,06,231 91,26,49,362
others
10,59,77,686 0 15,34,83,917 91,26,49,362 4,75,06,231 91,26,49,362
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-4,81,64,565 17,20,25,397 -3,18,25,893 -68,59,61,676 1,63,38,672 -85,79,87,073
assets
65

Classes of tangible assets [Axis] Other tangible assets [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
10,59,77,686 0 15,34,83,917 91,26,49,362 4,75,06,231 91,26,49,362
others
10,59,77,686 0 15,34,83,917 91,26,49,362 4,75,06,231 91,26,49,362
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-4,81,64,565 17,20,25,397 -3,18,25,893 -68,59,61,676 1,63,38,672 -85,79,87,073
assets
66

01/04/2020 01/04/2019 01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
Nature of other tangible assets 0.00 0.00 0.00 0.00 0.00 0.00
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
10,59,77,686 0 15,34,83,917 91,26,49,362 4,75,06,231 91,26,49,362
others
10,59,77,686 0 15,34,83,917 91,26,49,362 4,75,06,231 91,26,49,362
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-4,81,64,565 17,20,25,397 -3,18,25,893 -68,59,61,676 1,63,38,672 -85,79,87,073
assets
67

01/04/2020 01/04/2019 01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
Nature of other tangible assets 0.00 0.00 0.00 0.00 0.00 0.00
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
10,59,77,686 0 15,34,83,917 91,26,49,362 4,75,06,231 91,26,49,362
others
10,59,77,686 0 15,34,83,917 91,26,49,362 4,75,06,231 91,26,49,362
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-4,81,64,565 17,20,25,397 -3,18,25,893 -68,59,61,676 1,63,38,672 -85,79,87,073
assets

01/04/2020
to
31/03/2021
Disclosure of notes on tangible assets explanatory [TextBlock] [See below]
68
Disclosure of notes on tangible assets explanatory [Text Block]

Property, plant and equipment, capital work in progress are stated at cost, net of accumulated depreciation and accumulated impairment
losses, if any. The cost comprises purchase price, borrowing costs if capitalization criteria are met, directly attributable cost of bringing the
asset to its working condition for the intended use and initial estimate of decommissioning, restoring and similar liabilities. Any trade
discounts and rebates are deducted in arriving at the purchase price. Such cost includes the cost of replacing part of the plant and equipment.
When significant parts of plant and equipment are required to be replaced at intervals, the Company depreciates them separately based on
their specific useful lives. Likewise, when a major inspection is performed, its cost is recognised in the carrying amount of the plant and
equipment as a replacement if the recognition criteria are satisfied. All other repair and maintenance costs are recognised in profit or loss as
incurred.
Gains or losses arising from derecognition of property, plant and equipment are measured as the difference between the net disposal proceeds
and the carrying amount of the asset and are recognized in the statement of profit and loss when the asset is derecognised.
The Company identifies and determines cost of asset significant to the total cost of the asset having useful life that is materially different
from that of the remaining life in which case the cost of replacement of such components is capitalised and the undepreciated value, if any, of
such replaced components is derecognised.
Depreciation on property, plant and equipment is calculated on a straight-line basis using the rates arrived at, based on the useful lives
estimated by the management. The identified components are depreciated separately over their useful lives; the remaining components are
depreciated over the life of the principal asset. The Company has used the following rates to provide depreciation on its property, plant and
equipment.
Useful lives estimated by the management Useful lives as per Schedule II to the Companies Act, 2013
Description
(Years) (Years)
Instrument sets 5 15
Plant and machinery 3 15
Computers and
3 3
software
Furniture and Fixtures 10 10
Useful lives estimated by the management Useful lives as per Schedule II to the Companies Act, 2013
Description
(Years) (Years)
Mobile equipment 2 5
Other Office
2 to 5 5
equipment
Software 3 NA
69
Leasehold improvements are amortised over the period of lease or useful life whichever is lower.
The Company has estimated, based on technical estimates and re-assessment by the management, the useful lives of the following classes of
assets:
The useful lives of Plant and machinery are estimated as 3 years. These lives are lower than those indicated in Schedule II to the
Companies Act, 2013.
The useful lives of Instrument sets are estimated as 5 years. These lives are lower than those indicated in Schedule II to the Companies
Act, 2013.
The residual values, useful lives and methods of depreciation of property, plant and equipment are reviewed at each financial year end and
adjusted prospectively, if appropriate.
The cost of the instrumentation sets capitalized in fixed assets during the year includes the basic cost of these sets along with custom duty,
freight and clearing charges. During the previous year, costs of purchase amounting Rs. 21,460,166 was used to be allocated on the total
duty, freight and other cost on the basis of total purchases made during the year (i.e. by taking standard rate calculated by dividing total
custom duty, freight and other charges with purchases, such basis of allocation of customs duty, clearing charges and other adjustments was,
however, not in accordance with the Accounting Standard 10(Revised) whereas in the current year the Company has allocated the same
based on specific identification method.
70
[201100] Notes - Intangible assets
Disclosure of intangible assets [Table] ..(1)

Classes of intangible assets [Axis] Company total intangible assets [Member]
Sub classes of intangible assets [Axis] Internally generated and other than internally generated intangible assets [Member]
Carrying amount accumulated amortization and Gross carrying amount Accumulated amortization and
impairment and gross carrying amount [Axis] [Member] impairment [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020 31/03/2021 31/03/2020
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets
[LineItems]
intangible assets [Abstract]
Changes in intangible assets
[Abstract]
Additions to intangible assets
[Abstract]
business combinations 0 0 0 0
intangible assets
Total additions to
0 0 0 0
intangible assets
Amortization intangible assets -24,53,965 -24,53,964 24,53,965 24,53,964
Impairment loss
loss intangible assets
intangible assets
Disposals intangible assets
[Abstract]
Disposals intangible
0 0 0 90,08,089 0 90,08,089
assets, others
Total disposals intangible
0 0 0 90,08,089 0 90,08,089
assets
Other adjustments intangible
assets [Abstract]
Other adjustments
0 0 0 0
intangible assets, others
0 0 0 0
intangible assets
Total changes in intangible
-24,53,965 -24,53,964 0 -90,08,089 24,53,965 -65,54,125
assets
Intangible assets at end of period 91,026 25,44,991 73,61,892 73,61,892 72,70,866 48,16,901
71

Classes of intangible assets [Axis] Company total intangible assets [Member]
Sub classes of intangible assets [Axis] Internally generated intangible assets [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
0 0 0 0
intangible assets
Impairment loss
intangible assets
[Abstract]
0 0 0 90,08,089 0 90,08,089
assets, others
0 0 0 90,08,089 0 90,08,089
assets
assets [Abstract]
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
-24,53,965 -24,53,964 0 -90,08,089 24,53,965 -65,54,125
assets
72

Classes of intangible assets [Axis] Goodwill [Member]
Internally generated and other than internally Internally generated intangible assets
Sub classes of intangible assets [Axis]
generated intangible assets [Member] [Member]
Accumulated Accumulated
Carrying Gross carrying amortization Carrying Gross carrying amortization
Carrying amount accumulated amortization and
amount amount and amount amount and
impairment and gross carrying amount [Axis]
[Member] [Member] impairment [Member] [Member] impairment
[Member] [Member]
01/04/2019 01/04/2019 01/04/2019 01/04/2019 01/04/2019 01/04/2019
to to to to to to
31/03/2020 31/03/2020 31/03/2020 31/03/2020 31/03/2020 31/03/2020
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
0 0 0 0
intangible assets
Amortization intangible assets 0 0 0 0
Impairment loss
intangible assets
[Abstract]
0 90,08,089 90,08,089 0 90,08,089 90,08,089
assets, others
0 90,08,089 90,08,089 0 90,08,089 90,08,089
assets
assets [Abstract]
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
0 -90,08,089 -90,08,089 0 -90,08,089 -90,08,089
assets
Intangible assets at end of period 0 0 0 0 0 0
73

Classes of intangible assets [Axis] Computer software [Member]
Sub classes of intangible assets [Axis] Internally generated and other than internally generated intangible assets [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
0 0 0 0
intangible assets
Impairment loss
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
-24,53,965 -24,53,964 0 0 24,53,965 24,53,964
assets
74

Sub classes of intangible assets [Axis] Internally generated intangible assets [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020 31/03/2021 31/03/2020
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
0 0 0 0
intangible assets
Impairment loss
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
-24,53,965 -24,53,964 0 0 24,53,965 24,53,964
assets
Disclosure of additional information intangible assets [Table] ..(1)

Company total intangible assets
Classes of intangible assets [Axis] Goodwill [Member] Computer software [Member]
[Member]
Internally
generated and
Internally
other than
Internally generated and other generated Internally generated and other
internally
Sub classes of intangible assets [Axis] than internally generated intangible than internally generated
generated
intangible assets [Member] assets intangible assets [Member]
intangible
[Member]
assets
[Member]
01/04/2020 01/04/2019 01/04/2019 01/04/2019 01/04/2020 01/04/2019
to to to to to to
31/03/2021 31/03/2020 31/03/2020 31/03/2020 31/03/2021 31/03/2020
intangible assets [LineItems]
Useful lives or amortization rates
NA NA NA NA NA NA
intangible assets
Description of amortization method Straight Line
- - - - -
used Value
75
Disclosure of additional information intangible assets [Table] ..(2)

Internally generated intangible assets
Sub classes of intangible assets [Axis]
[Member]
01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of additional information intangible assets [Abstract]
Disclosure of additional information intangible assets [LineItems]
Useful lives or amortization rates intangible assets 3 Years 3 Years
Description of amortization method used Straight Line Value Straight Line Value

01/04/2020
to
31/03/2021
Disclosure of notes on intangible assets explanatory [TextBlock] [See below]
Disclosure of notes on intangible assets explanatory [Text Block]

Intangible assets acquired separately are measured on initial recognition at cost. Following initial recognition, intangible assets are carried at
cost less accumulated amortization and accumulated impairment losses, if any. Internally generated intangible assets, excluding capitalized
development costs, are not capitalized and expenditure is reflected in the statement of profit and loss in the year in which the expenditure is
incurred.
[200400] Notes - Non-current investments
Details of non-current investments [Table] ..(1)

Classification of non-current investments [Axis] 1
01/04/2019
to
31/03/2020
Non-current investments [Abstract]
Disclosure of details of non-current investments [Abstract]
Details of non-current investments [LineItems]
Investment in
Type of non-current investments subsidiaries equity
instruments
Class of non-current investments Other investments
Non-current investments 3,51,00,000
50000 equity shares
of Physio-Control
Name of body corporate in whom investment has been made India Sales Private
Limited

31/03/2021 31/03/2020
Disclosure of notes on non-current investments explanatory [TextBlock]
Aggregate amount of quoted non-current investments 0 0
Market value of quoted non-current investments 0 0
Aggregate amount of unquoted non-current investments 0 3,51,00,000
Aggregate provision for diminution in value of non-current investments 0 0
76
[200600] Notes - Subclassification and notes on liabilities and assets
Loans and advances [Table] ..(1)

Classification based on time period [Axis] Long-term [Member]
Classification of loans and advances [Axis] Loans and advances [Member] Security deposits [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Subclassification and notes on liabilities and assets
[Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross 34,46,76,360 46,46,77,322 3,13,67,261 3,72,08,781
Allowance for bad and doubtful loans and
0 0 0 0
advances
Loans and advances 34,46,76,360 46,46,77,322 3,13,67,261 3,72,08,781
Details of loans and advances due by
directors, other officers or others
[Abstract]
Loans and advances due by directors 0 0 0 0
Loans and advances due by other officers 0 0 0 0
Details of loans and advances due by firms
or companies in which any director is
partner or director [Abstract]
Loans and advances due by firms in
0 0 0 0
which any director is partner
Total loans and advances due
by firms or companies in which
0 0 0 0
any director is partner or
director

Loans advances value be received
Classification of loans and advances [Axis] Other loans and advances [Member]
[Member]
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[Abstract]
Loans and advances, gross 2,87,000 0 31,30,22,099 42,74,68,541
0 0 0 0
advances
Loans and advances 2,87,000 0 31,30,22,099 42,74,68,541
[Abstract]
0 0 0 0
0 0 0 0
director
77

Classification of loans and advances [Axis] Advance tax [Member] Advance income tax paid [Member]
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[Abstract]
Loans and advances, gross 24,93,58,511 33,41,79,747 24,93,58,511 21,02,65,200
0 0 0 0
advances
Loans and advances 24,93,58,511 33,41,79,747 24,93,58,511 21,02,65,200
[Abstract]
0 0 0 0
0 0 0 0
director

Deposits with statutory authorities
Classification of loans and advances [Axis] Other advance taxes [Member]
[Member]
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[Abstract]
Loans and advances, gross (A) 0 (B) 12,39,14,547 6,36,63,588 9,32,88,794
0 0 0 0
advances
Loans and advances 0 12,39,14,547 6,36,63,588 9,32,88,794
[Abstract]
0 0 0 0
0 0 0 0
director
Footnotes
(A) Income tax deposited under protest (note 24) : 0
(B) Income tax deposited under protest (note 24) : 123914547
78

Classification of loans and advances [Axis] Loans and advances [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Doubtful [Member]
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[Abstract]
Loans and advances, gross 5,46,06,686 4,07,22,483 0 2,40,58,893
0 2,26,97,690 0 0
advances
Loans and advances 5,46,06,686 1,80,24,793 0 2,40,58,893
[Abstract]
0 0 0 0
0 0 0 0
director

Classification of loans and advances [Axis] Security deposits [Member]
[Member]
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[Abstract]
Loans and advances, gross 25,10,212 76,33,472 5,20,96,474 3,30,89,011
0 0 0 2,26,97,690
advances
Loans and advances 25,10,212 76,33,472 5,20,96,474 1,03,91,321
[Abstract]
0 0 0 0
0 0 0 0
director
79

Classification of loans and advances [Axis] Other loans and advances [Member]
[Member]
Classification of assets based on security [Axis] Doubtful [Member] Doubtful [Member]
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[Abstract]
Loans and advances, gross 0 2,26,97,690 0 13,61,203
0 0 0 0
advances
Loans and advances 0 2,26,97,690 0 13,61,203
[Abstract]
0 0 0 0
0 0 0 0
director

Other loans and advances, others
Classification of loans and advances [Axis]
[Member]
Classification of assets based on security [Axis] Doubtful [Member]
31/03/2021 31/03/2020
Subclassification and notes on liabilities and assets [Abstract]
Loans and advances, gross (A) 0 (B) 13,61,203
Allowance for bad and doubtful loans and advances 0 0
Loans and advances 0 13,61,203
Details of loans and advances due by directors, other officers or others
[Abstract]
Loans and advances due by directors 0 0
Loans and advances due by other officers 0 0
Details of loans and advances due by firms or companies in which any
director is partner or director [Abstract]
Loans and advances due by firms in which any director is partner 0 0
Total loans and advances due by firms or companies in which any director
0 0
is partner or director
Footnotes
(A) EDD receivable : 0
(B) EDD receivable : 1361203
80
Disclosure of breakup of provisions [Table] ..(1)

Classification based on time period [Axis] Long-term [Member] Short-term [Member]
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [LineItems]
Provisions [Abstract]
Provisions for employee benefits
[Abstract]
Provision gratuity 3,70,99,835 2,69,37,923 64,48,809 62,29,173
Provision leave encashment 1,99,32,420 1,46,81,914 34,55,227 30,46,645
Total provisions for employee benefits 5,70,32,255 4,16,19,837 99,04,036 92,75,818
Provision for corporate tax [Abstract]
Provision for current tax (A) 10,99,59,455 (B) 0
Total provision for corporate tax 10,99,59,455 0
CSR expenditure provision 0 0 0 0
Other provisions (C) 3,21,81,101 (D) 5,02,95,280
Total provisions 5,70,32,255 4,16,19,837 15,20,44,592 5,95,71,098
Footnotes
(A) Provision for income tax (net of advance tax) : 109959455
(B) Provision for income tax (net of advance tax) : 0
(C) Provision for warranties (refer note 25) : 32181101
(D) Provision for warranties (refer note 25) : 50295280
Subclassification of trade receivables [Table] ..(1)

Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[Abstract]
Trade receivables notes [Abstract]
Trade receivables [Abstract]
Subclassification of trade receivables
[Abstract]
Subclassification of trade receivables
[LineItems]
Breakup of trade receivables [Abstract]
Trade receivables, gross 212,23,66,171 244,47,89,516 151,25,68,728 170,18,04,729
Allowance for bad and doubtful debts 60,97,97,443 74,29,84,787 0 0
Total trade receivables 151,25,68,728 170,18,04,729 151,25,68,728 170,18,04,729
Details of trade receivables due by
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Details of trade receivables due by
firms or companies in which any director
is partner or director [Abstract]
Total trade receivables due by firms
or companies in which any director is 0 0
partner or director
81
Subclassification of trade receivables [Table] ..(2)

Classification of assets based on security [Axis] Doubtful [Member]
31/03/2021 31/03/2020
Subclassification and notes on liabilities and assets [Abstract]
Trade receivables notes [Abstract]
Trade receivables [Abstract]
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [LineItems]
Breakup of trade receivables [Abstract]
Trade receivables, gross 60,97,97,443 74,29,84,787
Allowance for bad and doubtful debts 60,97,97,443 74,29,84,787
Total trade receivables 0 0
Details of trade receivables due by directors, other officers or others
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Details of trade receivables due by firms or companies in which any
director is partner or director [Abstract]
Total trade receivables due by firms or companies in which any
0 0
director is partner or director
Classification of inventories [Table] ..(1)

Classification of inventories [Axis] Company total inventories [Member] Stock-in-trade [Member]
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
[Abstract]
Inventories notes [Abstract]
Inventories [Abstract]
Classification of inventories [Abstract]
Details of inventories [LineItems]
Inventories 203,43,99,886 237,57,50,844 (A) 203,43,99,886 (B) 237,57,50,844
Valued at lower of Valued at lower of Valued at lower of Valued at lower of
Mode of valuation cost and net cost and net cost and net cost and net
realisable value realisable value realisable value realisable value
Footnotes
(A) Traded goods (including goods in transit ? 130,398,869 (31 March 2020: ? 290,697,176) : 2034399886
(B) Traded goods (including goods in transit ? 130,398,869 (31 March 2020: ? 290,697,176) : 2375750844
82

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of subclassification and notes on liabilities and assets
explanatory [TextBlock]
Trade payables, long-term 0 0
Total other long-term liabilities 0 0
Nature of other provisions Provision for warranties Provision for warranties
Interest accrued but not due on borrowings 0 0
Interest accrued and due on borrowings 0 0
Interest accrued but not due on public deposits 0 0
Interest accrued and due on public deposits 0 0
Debentures claimed but not paid 0 0
Income received in advance (A) 19,40,02,517 (B) 41,42,95,860

Unpaid dividends 0 0
Application money received for allotment of securities and
0 0
due for refund, principal
Unpaid matured deposits and interest accrued thereon 0 0
Unpaid matured debentures and interest accrued thereon 0 0
Service tax payable (C) 16,27,868 (D) 51,80,322

Taxes payable current tax 3,35,26,968 3,48,20,355
Public deposit payable, current 0 0
Total other payables, current 3,51,54,836 4,00,00,677
Advance received from customers 9,91,61,056 4,37,77,884
Contribution to provident fund scheme (E) 55,18,199 (F) 51,24,094

Current liabilities portion of share application money pending
0 0
allotment
Other current liabilities, others (G) 27,58,67,195 (H) 25,37,57,693
Total other current liabilities 60,97,03,803 75,69,56,208
Accounting policy on inventories [TextBlock] [See below]
Aggregate amount of trade receivables outstanding for period
10,76,61,844 17,26,39,818
exceeding six months
Fixed deposits with banks 0 0
Other balances with banks (I) 66,69,89,932 (J) 75,74,24,370

Total balance with banks 66,69,89,932 75,74,24,370
Cash on hand 0 0
Total cash and cash equivalents 66,69,89,932 75,74,24,370
Total cash and bank balances 66,69,89,932 75,74,24,370
Total balances held with banks to extent held as
margin money or security against borrowings, 0 0
guarantees or other commitments
Bank deposits with more than twelve months maturity 0 0
Unbilled revenue 21,87,83,321 4,72,93,839
Total other current assets 21,87,83,321 4,72,93,839
Footnotes
(A) Unearned revenue on AMC and other services : 194002517
(B) Unearned revenue on AMC and other services : 414295860
(C) -GST payable : 1627868
(D) -GST payable : 5180322
(E) -Provident fund payable : 5518199
(F) -Provident fund payable : 5124094
(G) Other liabilities : 129160396 Payable for purchase of property, plant and equipment : 146706799
(H) Other liabilities : 42144892 Payable for purchase of property, plant and equipment : 211612801
(I) 18.1.1 : 666989932
(J) 18.1.1 : 757424370
83
Accounting policy on inventories [Text Block]

Inventories have been valued as under:
Lower of cost and net realisable value. Cost includes direct materials, freight and custom duty. Cost is determined on
Traded goods
weighted average basis.
Cost includes direct materials, freight and custom duty. Cost is determined on weighted average basis. Demonstration
Demonstration
equipment inventory is charged off at the time of issue to the user. This is based upon the basis of assessment of the net
equipment
realizable value of the equipment.
Net realisable value is the estimated selling price in the ordinary course of business, less estimated costs of completion and estimated costs
necessary to make the sale.
Details of purchase of traded goods
Endoscopy 71,58,65,452 1,05,69,43,068
Instruments 19,44,11,962 32,96,15,260
Medical 19,33,65,802 18,47,05,950
Orthopedic implants 48,22,63,027 60,21,08,200
Recon capital 11,49,90,230 8,58,67,176
Neurotechnology and spine products 91,58,69,661 72,87,60,889
Trauma implants 3,18,35,391 3,41,90,565
Purchases for the year 2,64,86,01,526 3,02,21,91,108
Less: Goods consumed for warranty 2,91,39,017 5,46,46,274
Net purchases of traded goods 2,61,94,62,509 2,96,75,44,834
Details of inventory
Instruments 24,25,56,318 42,83,41,712
Endoscopy 52,75,75,559 57,08,90,184
84
Medical 11,33,09,456 9,54,01,482
Orthopedic implants 77,71,39,805 94,00,07,417
Recon Capital 5,08,14,818 4,14,62,279
Trauma Implants 3,91,20,798 3,90,89,474
Neurotechnology and spine products 28,38,83,132 26,05,58,296
Total closing Inventory 2,03,43,99,886 2,37,57,50,844
The Company has been consistently valuing the stocks at lower of cost or net realizable value. Cost of the goods includes the basic cost along
with custom duty, freight and clearing charges. During the previous year, costs of purchase amounting ? 263,004,537 was used to be
allocated on the total duty, freight and other cost on the basis of total purchases made during the year (i.e. by taking standard rate calculated
by dividing total custom duty, freight and other charges with purchases, such basis of allocation of customs duty, clearing charges and other
adjustments was, however, not in accordance with the Accounting Standard 2 whereas in the current year the Company has allocated the
same based on specific identification method..
(a) The Company has not carried out physical verification of inventory during the year ended March 31, 2020 in light of the spread of novel
coronavirus.
(b) The Company has recorded subvention income amounting to ? 492,057,083 (31 March 2020: ? 332,559,851) from group companies to
ensure that the Company earns an arm’s length operating margin from its distribution activities. This income has been recorded under the
head ‘Revenue from operations’ in the financial statements.
85
[200700] Notes - Additional disclosures on balance sheet

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of additional balance sheet notes explanatory [TextBlock]
Claims against company not acknowledged as debt (A) 55,70,33,746 (B) 109,87,38,177
Total contingent liabilities 55,70,33,746 109,87,38,177
Total contingent liabilities and commitments 55,70,33,746 109,87,38,177
Amount of dividends proposed to be distributed to equity shareholders 0 0
Amount of per share dividend proposed to be distributed to equity
[INR/shares] 0 [INR/shares] 0
shareholders
Deposits accepted or renewed during period 0 0
Deposits matured and claimed but not paid during period 0 0
Deposits matured and claimed but not paid 0 0
Deposits matured but not claimed 0 0
Interest on deposits accrued and due but not paid 0 0
Share application money received during year 0 0
Share application money paid during year 0 0
Amount of share application money received back during year 0 0
Amount of share application money repaid returned back during year 0 0
Number of person share application money paid during year [pure] 0 [pure] 0
Number of person share application money received during year [pure] 0 [pure] 0
Number of person share application money paid as at end of year [pure] 0 [pure] 0
Number of person share application money received as at end of year [pure] 0 [pure] 0
Whether maintenance of cost records by company has been
mandated under Companies (Cost Records and Audit) Rules, Yes Yes
2014
If yes, Central Excise Tariff Act, heading in which product/
NA NA
service is covered under cost records
Whether audit of cost records of company has been mandated
Yes Yes
under Rules specified in SN 1
If yes, Central Excise Tariff Act, heading in which product/
NA NA
service is covered under cost audit
Unclaimed share application refund money 0 0
Unclaimed matured debentures 0 0
Unclaimed matured deposits 0 0
Interest unclaimed amount 0 0
Number of warrants converted into equity shares during period [pure] 0 [pure] 0
Number of warrants converted into preference shares during period [pure] 0 [pure] 0
Number of warrants converted into debentures during period [pure] 0 [pure] 0
Number of warrants issued during period (in foreign currency) [pure] 0 [pure] 0
Number of warrants issued during period (INR) [pure] 0 [pure] 0
Footnotes
(A) Income Tax matters under appeals : 47273043 Sales Tax demand : 509760703
(B) Income Tax matters under appeals : 677429533 Sales Tax demand : 421308644
[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates
01/04/2020
to
31/03/2021
Disclosure of accounting policies, change in accounting policies and Textual information (43)
changes in estimates explanatory [TextBlock] [See below]
Disclosure of general information about company [TextBlock] [See below]
Changes in accounting estimate and accounting policy explanatory Textual information (45)
86
Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
The financial statements of the Company have been prepared in accordance with the generally accepted accounting principles in India
(Indian GAAP). The company has prepared these financial statements to comply in all material respects with the accounting standards
notified under section 133 of the Companies Act 2013, read together with Companies (Accounting Standards) Amendment Rules, 2016.The
financial statements have been prepared on an accrual basis and under the historical cost convention.
The accounting policies adopted in the preparation of financial statements are consistent with those of previous year.
Current–non-current classification
All assets and liabilities have been classified as current or non-current as per the Company’s normal operating cycle and other criteria set out
in the Schedule III to the Companies Act, 2013.
Assets:
An asset is classified as current when it satisfies any of the following criteria:
a) It is expected to be realised in, or is intended for sale or consumption in, the Company’s normal operating cycle;
b) It is held primarily for the purpose of being traded;
c) It is expected to be realised within 12 months after the reporting date; or
d) It is cash or cash equivalent unless it is restricted from being exchanged or used to settle a liability for at least 12 months after the
reporting date.
Current assets include the current portion of non-current financial assets. All other assets are classified as non-current.
Liabilities:
87
A liability is classified as current when it satisfies any of the following criteria:
a) It is expected to be settled in the Company’s normal operating cycle;
b) It is held primarily for the purpose of being traded;
c) It is due to be settled within 12 months after the reporting date; or
d) The Company does not have an unconditional right to defer settlement of the liability for at least 12 months after the reporting date.
Terms of a liability that could, at the option of the counterparty, result in its settlement by the issue of equity instruments do not affect its
classification.
Current liabilities include current portion of non-current financial liabilities. All other liabilities are classified as non-current.
Operating cycle
Operating cycle is the time between the acquisition of assets for processing and their realisation in cash or cash equivalents. Based on the
nature of products and the time between the acquisition of assets for processing and their realisation in cash and cash equivalents, the
Company has ascertained its operating cycle as 12 months for the purpose of current and non-current classification of assets and liabilities.
88
Disclosure of general information about company [Text Block]

Stryker(India) Private Limited (SIPL or the Company) is a subsidiary of Stryker Fast East Inc. The Company is primarily engaged in trading
of imported orthopedic implants, medical equipment, surgical instruments and neuro-technology and spine products. The Company also
provides marketing support services to its affiliate companies.
Details of dues to Micro and small enterprises as defined under the Micro Small and Medium Enterprise Development Act, 2006 (MSMED
Act)
The Micro, Small and Medium Enterprises have been identified by the Company from the available information. According to such
identification, the disclosure in respect to Micro and Small Enterprises as per MSMED Act is as follows:
31 31
Description March March
2021 2020
Principal Interest Principal Interest
991,161
The principal amount and the interest due thereon remaining unpaid to any supplier as at the end of each
- - -
accounting year;
The amount of interest paid by the buyer in terms of section 16 of the MSMED Act along with the amounts of
- - - -
the payment made to the supplier beyond the appointed day during each accounting year;
The amount of interest due and payable for the period of delay in making payment (which have been paid but
- - - -
beyond the appointed day during the year) but without adding the interest specified under MSMED Act;
The amount of interest accrued and remaining unpaid at the end of each accounting year; and - - - -
The amount of further interest remaining due and payable even in the succeeding years, until such date when
the interest dues as above are actually paid to the small enterprise for the purpose of disallowance as a - - - -
deductible expenditure under section 23 of the MSMED Act.
The information has been given in respect of such vendors to the extent they could be identified as micro and small enterprises as per
MSMED on the basis of information available with the Company.
In earlier years, the Company’s Parent Company, Stryker Corporation has received an order from Securities and Exchange Commission in
USA relating to non-maintenance of appropriate documentation for various transactions such as payments to dealers, consulting fee, travel
and other benefits to health care professionals, payments to event organizers, discount on price of products to dealers, commission awarded
to dealers, marketing expenses for the period 2010 to 2015. Further as per the order, during this period, the Company failed to devise and
maintain adequate internal controls sufficient to detect and prevent practice by the dealers of issuing inflated invoices to their clients leading
to higher profits being earned by such clients as they passed on the higher costs to the ultimate consumers while these clients paid lower
prices as negotiated with the Company. The parent company had paid a penalty and the amount relating to India is not ascertainable and
hence, the parent company had confirmed to the Company that no amount of penalty will be charged to the Company. Accordingly, no
adjustment in this regard has been made in the financial statements.
Further, the Company and its parent Company, has conducted assessment of the order and it’s Impact on the Company. According to the
assessment, additional controls were recommended which the Company is in process on implementation. Also, As per Company’s initial
assessment, it does not believe there is any impact/consequential impact on the Company/financial statements due to the observations made
in the order including potential violations of Companies Act 2013 including Section 447, Income Tax Act, 1961 or any other applicable law
for the transactions recorded in 2010 to 2015 and up to the year ended 31 March 2021. Accordingly, these financial statements do not include
any adjustment arising out of impact/consequential impact of the observations made in the order.
89
The Company is engaged in the business of trading of orthopaedic implants and medical equipment and related maintenance and repair
services. The entire operations are governed by the same set of risk and returns and, hence, the same has been considered as representing a
single primary segment. The said treatment is in accordance with the guiding principles enunciated in the Accounting Standard 17 on
Segment Reporting. The Company sells its products mostly within India with insignificant export income and does not have any operations
in economic environments with different risks and returns. Hence, it is considered operating in a single geographical segment.
The Company conducts international transactions with Ultimate Holding Company, Holding Company and fellow subsidiaries. For the
current year, the management maintained necessary documents as prescribed by the Income tax Act,1961 to be establish that these
international transactions are at arm’s length and the aforesaid legislation will not have any impact on the financial statements, particularly on
the amount of tax expense and that of provision for taxation.
As at 31 March 2021, Company has not paid certain outstanding amounts to its group companies aggregating to ? 1,058,891,961 which are
outstanding for a period of more than six months and ? 840,280,333 which are outstanding for over three years from the date of making
respective purchases. The management is in process of filing condonation with relevant authorities for delay for payments beyond the
prescribed time limit. Management is confident of receiving the relevant approvals and based on expert analysis believes no significant
charges would be payable and not accordingly no provision has been created in these financial statements for such charges.
On 20 May 2021 the National Company Law Tribunal (‘NCLT’) sanctioned a composite scheme of Amalgamation and Arrangement (“the
scheme”) under Sections 230 to 232 of the Companies Act, 2013 between Stryker India Private Limited (“the Company”) and Physio-
Control India Sales Private Limited engaged in the business of marketing and sales support in relation to medical equipments w.e.f 1 April
2019 being the appointed date. The certified copy of scheme is filed with the Registrar of Companies (ROC) on 2 June 2021. Accordingly,
effect of scheme is considered in the financial statements of the current year.
In terms of the scheme, effectively, from 1 April 2019:
- Physio-Control India Sales Private Limited was merged with Stryker India Private Limited.
- Accordingly, an amount of ? 6,196,370 representing the surplus in the statement of profit and loss of Physio- Control India Sales Private
Limited as at 31 March 2020, have been credited to the reserve and surplus of the Company.
The amalgamation is an amalgamation in nature of merger as defined by Accounting Standard 14 – Accounting for Amalgamation specified
in section 133 of Companies Act, 2013 read with Rule 7 of Companies (Accounts) Rules, 2014. Entries have been passed in the books of
accounts of the Company to give effect of the scheme, as follows:
With effect from the appointed date,
(a) All the assets and liabilities of the Physio- Control India Sales Private Limited vest in and are transferred to the Company and recorded
at their respective book values.
(b) The balance in profit & loss account and reserves with the corresponding balance appearing in the financials of the Physio-Control
India Sales Private Limited vest in and are transferred to the Company and recorded at the values as appearing in the books of accounts of
Physio-Control India Sales Private Limited.
(c) Inter-Company investments between the Company and Physio-Control Sales India Private Limited stands cancelled.
(d) The difference of ? 24,525,674 resulting from the above is debited to the reserve and surplus under surplus in statement of profit and
loss.
The Company has considered the possible effects that may result from the pandemic relating to COVID-19 on the carrying amounts of
property, plant and equipment, inventories and receivables. In developing the assumptions relating to the possible future uncertainties in the
global economic conditions because of this pandemic, the Company, as at the date of approval of these financial statements has used internal
and external sources on the expected future performance of the Company. The Company based on current indicators of future economic
conditions, expects the carrying amount of these assets will be recovered and sufficient liquidity is available to fund the business operations
for at least another 12 months. Given the uncertainty because of COVID-19, the final impact on the Company's assets in future may differ
from that estimated as at the date of approval of these financial statements.
90
On 23 October 2020, the Company's board of directors approved the right issue of 9,727,190 equity shares having face value of ? 10, for
cash, to its existing shareholders on the basis of the fair value. The Company had allotted 9,727,190 equity shares for ? 90.76 per share, for
cash, for an aggregate amount of ? 882,839,765 on 5 November 2020. After issue of the aforesaid equity shares, the paid-up equity share
capital of the Company has increased by ? 97,271,900 and securities premium account by ? 785,567,865.
The Company had not carried out physical verification of Instrumentation sets (included in Property, plant and equipment) having net book
value of ? 324,146,110 as at 31 March 2020. Further, during the current year, the company has carried out physical verification of
instrumentation sets and has written off sets having net book value of ? 105,977,685 for the shortfall identified on such exercise.
Previous year figures have been regrouped / rearranged wherever necessary to confirm to the classification adopted for the current year.
Notes 1 to 46 form an integral part of these financial statements
This is the summary of significant accounting policies and other explanatory information referred to our report of even date.
91
Changes in accounting estimate and accounting policy explanatory [Text Block]

The preparation of financial statements in conformity with Indian GAAP requires the management to make judgments, estimates and
assumptions that affect the reported amounts of revenues, expenses, assets and liabilities and the disclosure of contingent liabilities, at the
end of the reporting period. Although these estimates are based on the management’s best knowledge of current events and actions,
uncertainty about these assumptions and estimates could result in the outcomes requiring a material adjustment to the carrying amounts of
assets or liabilities in future periods.
[201700] Notes - Government grants

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of notes on government grants explanatory [TextBlock]
Capital subsidies or grants received from government authorities 0 0
Revenue subsidies or grants received from government authorities 0 0
[201200] Notes - Employee benefits

01/04/2020
to
31/03/2021
Disclosure of employee benefits explanatory [TextBlock] [See below]
92
Disclosure of employee benefits explanatory [Text Block]

Retirement benefit in the form of provident fund is a defined contribution scheme. The Company has no obligation, other than the
contribution payable to the provident fund. The Company recognises contribution payable to the provident fund scheme as an expenditure,
when an employee renders the related service. If the contribution payable to the scheme for service received before the balance sheet date
exceeds the contribution already paid, the deficit payable to the scheme is recognised as a liability after deducting the contribution already
paid. If the contribution already paid exceeds the contribution due for services received before the balance sheet date, then excess is
recognized as an asset to the extent that the pre-payment will lead to, for example, a reduction in future payment or a cash refund.
The Company operates defined benefit plan for its employees, viz., gratuity. The cost of providing benefit under this plan is determined on
the basis of actuarial valuation at each year-end using the projected unit credit method. Actuarial gains and losses for defined benefit plan is
recognized in full in the period in which they occur in the statement of profit and loss.
Accumulated leave, which is expected to be utilized within the next 12 months, is treated as short-term employee benefit. The Company
measures the expected cost of such absences as the additional amount that it expects to pay as a result of the unused entitlement that has
accumulated at the reporting date.
The Company treats accumulated leave expected to be carried forward beyond twelve months, as long-term employee benefit for
measurement purposes. Such long-term compensated absences are provided for based on the actuarial valuation using the projected unit
credit method at the year-end. Actuarial gains/losses are immediately taken to the statement of profit and loss. The Company presents the
leave as a current liability in the balance sheet, as it does not have an unconditional right to defer its settlement for 12 months after the
reporting date.
The Company has a defined benefit gratuity plan. Every employee who has completed five years or more of service gets a gratuity on
departure at 15 days salary (last drawn salary) for each completed year of service. The gratuity liability has not been externally funded. The
Company makes provision for such liability in the books of accounts on the basis of Actuarial Valuation.
The following tables summarize the components of net benefit expense recognized in the profit and loss account and the unfunded status and
amounts recognized in the balance sheet for the Gratuity.
Statement of profit and loss account
Net employee benefit expense (recognised in employee cost)
Particulars 31 March 2021 31 March 2020
Current service cost 9,250,059 6,774,141
Interest cost on benefit obligation 2,252,046 1,954,216
Net actuarial loss recognized in the year 2,810,914 1,715,591
93
Net benefit expense 14,313,019 10,443,948
Balance Sheet
Present value of obligation as at the end of the period 43,548,644 33,167,096
Funded status / difference (43,548,644) (33,167,096)
Net liability recognized in balance sheet (43,548,644) (33,167,096)
Detail of provision for gratuity
Changes in the present value of the defined benefit obligation are as follows:
Opening defined benefit obligation 33,167,096 25,511,959
Interest cost 2,252,046 1,954,216
Current service cost 9,250,059 6,774,141
94
Benefits paid (3,931,471) (2,788,811)
Actuarial losses on obligation 2,810,914 1,715,591
Closing defined benefit obligation 43,548,644 33,167,096
The Company does not have plan assets therefore related disclosures are not applicable. The Company expects to contribute for next year
amounting to ? 13,039,818/-
The principal assumptions used in determining gratuity benefit obligations for the Company’s plans are shown below:
Discount rate 6.79% 6.79%
Increase in compensation cost 10.00% 10.00%
Expected Rate of return on plan assets NA NA
Employee turnover – Age Group
Up to 30 years 20.00% 20.00%
Up to 44 years 20.00% 20.00%
Above 44 years 20.00% 20.00%
95
The estimates of future salary increases, considered in actuarial valuation, take account of inflation, seniority, promotion and other relevant
factors, such as supply and demand in the employment market.
Disclosures of the amount required by paragraph 120(n) of AS-15 are as follows:
Particulars 31 March 2021 31 March 2020 31 March 2019 31 March 2018 31 March 2017
Defined benefit obligation 43,548,644 33,167,096 25,511,959 22,477,358 20,447,577
Surplus / (deficit) (43,548,644) (33,167,096) (25,511,959) (22,477,358) (20,447,577)
Experience adjustments on plan liabilities loss/(gain) 2,810,914 (911,726) (980,883) (46,136) 465,427
Other long-term benefit plans
Other long-term benefit plans represent the compensated absences provided to the employees of the Company. These plans have been
named using projected unit credit method in accordance with Accounting Standard 15-Employee benefit.
Actuarial valuation has been done with the following assumptions:
Discount rate 6.79% 6.79%
Increase in compensation cost 10.00% 10.00%
96
Expected Rate of return on plan assets NA NA
Employee turnover – Age Group
Up to 30 years 20.00% 20.00%
Up to 44 years 20.00% 20.00%
Above 44 years 20.00% 20.00%
[300400] Notes - Employee share-based payments

01/04/2020
to
31/03/2021
Disclosure of notes on employee share-based payment arrangements explanatory Textual information (47)
Disclosure of notes on employee share-based payment arrangements explanatory [Text Block]

The Ultimate Holding Company (“Stryker Corporation Inc., USA”) has a scheme under which shares of the ultimate holding company are
issued to the employee of the Company. The cost of the same is debited by Stryker Corporation Inc, USA to the Company by way of debit
notes.
The Institute of Chartered Accountants of India has issued a Guidance Note on Accounting for Employee Share-based Payments, which is
applicable to employee share based payment plans, the grant date in respect of which falls on or after April 1, 2005. The management is of
the opinion that the scheme detailed above are managed and administered by the Ultimate Holding Company for its own benefit and do not
have any settlement obligations on the Company. Accordingly, the Company has not accounted for the above plans as per the said Guidance
Note.
During the year, the Company has recorded as expense amounting ? 14,382,777 (31 March 2020 – ? 6,303,586) which is payable to
Stryker Corporation Inc, USA (“the Ultimate Holding Company”) on account of Employee Stock Option Compensation. The amount is
recorded in the statement of profit and loss on the basis of debit note received from Stryker Corporation Inc, USA.
97
[201800] Notes - Borrowing cost

01/04/2020
to
31/03/2021
Disclosure of notes on borrowing costs explanatory [TextBlock] [See below]
Disclosure of notes on borrowing costs explanatory [Text Block]

Borrowing cost includes interest and amortisation of ancillary costs incurred in connection with the arrangement of borrowings.
Borrowing costs directly attributable to the acquisition, construction or production of an asset that necessarily takes a substantial period of
time to get ready for its intended use or sale are capitalized as part of the cost of the respective asset. All other borrowing costs are expensed
in the period they occur.
[201300] Notes - Segments

01/04/2020
to
31/03/2021
Disclosure of enterprise's reportable segments explanatory [TextBlock] [See below]
Disclosure of enterprise's reportable segments explanatory [Text Block]

The Company’s operating businesses are organised and managed separately according to the nature of products and services provided, with
each segment representing a strategic business unit that offers different products and serves different markets. The analysis of geographical
segments is based on the areas in which major operating divisions of the Company operate.
98
[201600] Notes - Related party
Disclosure of relationship and transactions between related parties [Table] ..(1)

Categories of related parties [Axis] 1 2
01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Disclosure of relationship and transactions between
related parties [Abstract]
related parties [LineItems]
Stryker Stryker
Stryker Global Technology Stryker Global Technology
Name of related party Center Private Limited Center Private Limited
Corporation Inc., Corporation Inc.,
USA USA
Country of incorporation or residence of related UNITED
INDIA INDIA UNITED STATES
party STATES
CIN of related party U72200DL2006PTC149713 U72200DL2006PTC149713
Ultimate Holding Ultimate Holding
Description of nature of related party relationship Fellow Subsidiary company Fellow Subsidiary company
company company
Description of nature of transactions with related Business Business
Business Transaction Business Transaction
party Transaction Transaction
Related party transactions [Abstract]
Purchases of goods related party transactions 69,97,830 86,08,140
Revenue from sale of goods related party
1,43,60,087 86,19,882
transactions
Reimbursement of expenses incurred on
behalf of company during year related 3,91,41,294 4,63,64,404 0 29,01,164
party transactions
Reimbursement of expenses incurred by
related party during year related party 6,25,13,405 6,75,62,522 2,85,77,925 1,88,62,142
transactions
Other related party transactions income 67,59,71,903 53,16,88,842
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 2,24,94,831 45,74,60,741 98,71,76,064
Amounts receivable related party transactions 1,18,73,088 59,92,123 10,59,786 2,27,57,448
Amount written off during period in respect
0 0 0 0
of debts due from related parties
Amount written back during period in respect
0 0 0 0
of debts due to related parties
Description of other related party Advance to
Unsecured Loan Rs. Unsecured Loan Rs.
transactions which are necessary for 450000000 450000000
vendors Rs.
understanding of financial statements 261000
99

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Stryker Polska Stryker Korea Stryker Korea
Name of related party Z.O.O
Stryker Polska Z.O.O
Limited Limited
KOREA, KOREA,
Country of incorporation or residence of related DEMOCRATIC DEMOCRATIC
POLAND POLAND
party PEOPLE'S PEOPLE'S
REPUBLIC OF REPUBLIC OF
Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary Fellow Subsidiary
Description of nature of related party relationship company company company company
Purchases of goods related party transactions 33,042 2,25,569
9,07,615 69,18,421
transactions
related party during year related party 0 13,42,124 0 4,90,530
transactions
Amounts payable related party transactions 43,19,864 44,39,259
Amounts receivable related party transactions 0 1,45,97,641
0 0 0 0
0 0 0 0

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Stryker Australia Stryker Australia
Name of related party PTY. Ltd. PTY. Ltd.
Stryker Sweden Stryker Sweden
Country of incorporation or residence of related

AUSTRALIA AUSTRALIA SWEDEN SWEDEN
party
Purchases of goods related party transactions 57,417 1,76,569
0 5,01,206
transactions
Purchases of tangible assets related party
94,311
transactions
Amounts receivable related party transactions 0 5,79,254
0 0 0 0
0 0 0 0
100

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Stryker Corp Stryker Corp Stryker (Suzhou) Stryker (Suzhou)
Name of related party (Malaysia) SDN (Malaysia) SDN Medical Tech. Co. Medical Tech. Co.
MALAYSIA MALAYSIA CHINA CHINA
party
Amounts payable related party transactions 2,08,602
0 0 0 0
0 0 0 0

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Stryker Navigation Stryker Navigation
Name of related party GMBH GMBH
Stryker UK Limited Stryker UK Limited
Country of incorporation or residence of related UNITED

GERMANY GERMANY UNITED KINGDOM
party KINGDOM
Purchases of goods related party transactions 0 23,40,536
0 0 0 0
0 0 0 0
101

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Howmedica Howmedica
Name of related party Concentric Medical Concentric Medical
Osteonics Corp Osteonics Corp
SWITZERLAND SWITZERLAND UNITED STATES UNITED STATES
party
Purchases of goods related party transactions 15,39,48,188 33,06,78,646
5,39,99,418 16,75,97,919
transactions
related party during year related party 1,04,22,314 39,46,695
transactions
Other related party transactions income 2,95,28,443
Amounts payable related party transactions 20,42,22,947 47,71,05,323
Amounts receivable related party transactions 0 14,71,187 0 65,160
0 0 0 0
0 0 0 0
Description of other related party
Advance to vendors
transactions which are necessary for Rs. 1418359
understanding of financial statements

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Stryker Spine SA, Stryker Spine SA,
Name of related party Stryker Trauma AG Stryker Trauma AG
Switzerland Switzerland
SWITZERLAND SWITZERLAND SWITZERLAND SWITZERLAND
party
0 0 0 0
0 0 0 0
102

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Stryker Sales Stryker Sales
Name of related party Corporation Corporation
Mohit Malhotra Mohit Malhotra

HONG KONG HONG KONG INDIA INDIA
party
Permanent account number of related party ADHPM8836C ADHPM8836C
Fellow Subsidiary Fellow Subsidiary
Description of nature of related party relationship company company
Others Others
Description of nature of transactions with related Business Managerial Managerial

Business Transaction
party Transaction Remuneration Remuneration
0 57,053
transactions
0 1,31,713
transactions
Amounts receivable related party transactions 6,65,981
0 0 0 0
0 0 0 0

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Stryker Far Stryker Osteonics
Name of related party Stryker Far East Inc.
East Inc. SA
Stryker Osteonics SA

HONG KONG HONG KONG SWITZERLAND SWITZERLAND
party
Holding Fellow Subsidiary Fellow Subsidiary
Description of nature of related party relationship Holding company
company company company
Description of nature of transactions with related Unsecured Business
Issue of shares Business Transaction
party Loans Transaction
0 0 0 0
0 0 0 0
Issue of right shares Rs.
transactions which are necessary for 882839765
103

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Stryker
Stryker Orthopaedics
Name of related party Orthopaedics -
- Limerick
Stryker Spine SAS Stryker Spine SAS
Limerick
IRELAND IRELAND SWITZERLAND SWITZERLAND
party
0 0 0 0
0 0 0 0

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Stryker China Stryker China
Name of related party Stryker Puerto Rico Stryker Puerto Rico
Limited Limited
PUERTO RICO PUERTO RICO CHINA CHINA
party
0 10,28,345
transactions
Amounts payable related party transactions 95,741 31,13,791 1,96,486
0 0 0 0
0 0 0 0
104

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Stryker Howmedica Stryker Howmedica
Name of related party Osteonics Osteonics
Stryker Argentina Stryker Argentina

UNITED STATES UNITED STATES ARGENTINA ARGENTINA
party
0 0 0 0
0 0 0 0

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Stryker Colombia Stryker Colombia
Name of related party Stryker Australia Stryker Australia
S.A.S. S.A.S.
AUSTRALIA AUSTRALIA COLOMBIA COLOMBIA
party
0 0 0 0
0 0 0 0
105

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Stryker South
Name of related party Stryker Japan KK Stryker Japan KK
Africa
Stryker South Africa

JAPAN JAPAN SOUTH AFRICA SOUTH AFRICA
party
Purchases of goods related party transactions 34,63,516 21,45,783
0 0 0 0
0 0 0 0

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Stryker Singapore Stryker Singapore Stryker Mexico SA Stryker Mexico SA
Name of related party Pte. Ltd. Pte. Ltd. de c.v de c.v
SINGAPORE SINGAPORE MEXICO MEXICO
party
2,46,618
transactions
behalf of company during year related 26,05,333 57,89,891
party transactions
Amounts payable related party transactions 8,04,770 18,952
Amounts receivable related party transactions 94,70,271 1,06,66,215 18,952 19,658
0 0 0 0
0 0 0 0
106

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Stryker Romania Stryker Romania Stryker SA Stryker SA European
Name of related party SRL SRL European HQ HQ
ROMANIA ROMANIA SWITZERLAND SWITZERLAND
party
0 0 0 0
0 0 0 0

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Stryker Howmedica
Stryker Howmedica
Name of related party Communications
Communications Inc
International S de
International S de RL
Inc RL
UNITED STATES UNITED STATES IRELAND IRELAND
party
related party during year related party 0 2,07,376
transactions
Amounts payable related party transactions 2,97,47,600 11,54,56,464 80,49,986 77,55,687
Amounts receivable related party transactions 1,54,881 1,60,649
0 0 0 0
0 0 0 0
107

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Berchtld GMBH & Berchtld GMBH & Muka Metal Ticaret Muka Metal Ticaret
Name of related party CO. KG CO. KG Ve Sanayi Limited Ve Sanayi Limited
GERMANY GERMANY TURKEY TURKEY
party
Purchases of goods related party transactions 5,48,94,628 10,46,65,275 6,08,69,273 8,64,51,569
related party during year related party 13,84,026 23,03,134
transactions
Amounts payable related party transactions 9,45,63,892 20,08,83,715 1,28,05,984 4,73,49,473
0 0 0 0
0 0 0 0

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Stryker Stryker GQO Logistics-HQ GQO Logistics-HQ
Name of related party GQ&O-Malvern GQ&O-Malvern SSC SSC
party
0 0 0 0
0 0 0 0
108

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Stryker Thailand
Name of related party Ltd
Stryker Thailand Ltd Stryker Mako Stryker Mako

THAILAND THAILAND UNITED STATES UNITED STATES
party
61,88,409 8,82,799
transactions
Other related party transactions income 59,32,904
Amounts receivable related party transactions 0
0 0 0 0
0 0 0 0

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Stryker Orthovita
Name of related party Inc.
Stryker Orthovita Inc. Stryker Chile Stryker Chile

UNITED STATES UNITED STATES CHILE CHILE
party
Other related party transactions income 1,44,143
0 0 0 0
0 0 0 0
109

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Stryker Beijing Stryker Beijing S t r y k e r Stryker
Name of related party Healthcare Healthcare Neurovascular Neurovascular
CHINA CHINA UNITED STATES UNITED STATES
party
behalf of company during year related 25,19,652
party transactions
Amounts payable related party transactions 64,31,478 1,06,75,740
0 0 0 0
0 0 0 0

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Stryker Leibinger Stryker Leibinger Stryker Ireland Stryker Ireland
Name of related party GMBH GMBH Limited Limited
GERMANY GERMANY IRELAND IRELAND
party
0 0 0 0
0 0 0 0
110

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
STRYKER SPINE STRYKER SPINE
Name of related party Stryker GMBH Stryker GMBH
PERONNAS PERONNAS
UNITED STATES UNITED STATES FRANCE FRANCE
party
0 0 0 0
0 0 0 0

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Name of related party Stryker AB Stryker AB Tanu Arora Tanu Arora
DENMARK DENMARK INDIA INDIA
party
Permanent account number of related party AESPA6396M AESPA6396M
Fellow Subsidiary Fellow Subsidiary Key Management Key Management
Description of nature of related party relationship company company Personnel Personnel
Description of nature of transactions with related Business
Business Transaction Remuneration Remuneration
party Transaction
related party during year related party 0 14,01,727
transactions
Transaction relating to key management personnel
[Abstract]
Remuneration for key managerial personnel 1,22,04,319 1,27,17,390
0 0 0 0
0 0 0 0
111

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Name of related party Aman Rishi Aman Rishi Meenakshi Nevatia Meenakshi Nevatia
INDIA INDIA INDIA INDIA
party
Permanent account number of related party AHEPR9028E AHEPR9028E ABSPN7808E ABSPN7808E
Key Management Key Management Key Management Key Management
Description of nature of related party relationship Personnel Personnel Personnel Personnel
Description of nature of transactions with related
Remuneration Remuneration Remuneration Remuneration
party
Transaction relating to key management personnel
[Abstract]
Remuneration for key managerial personnel 1,23,76,226 1,19,23,922 4,73,67,948 4,54,90,117
0 0 0 0
0 0 0 0

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Stryker Medical Stryker Medical
Name of related party Kalamzoo Kalamzoo
Stryker Endoscopy Stryker Endoscopy

party
Purchases of goods related party transactions 1,48,54,425 76,14,425 41,28,62,739 58,27,24,756
6,813 8,53,172
transactions
Amounts payable related party transactions 3,32,05,075 2,16,483 36,72,78,813 4,24,93,928
0 0 0 0
0 0 0 0
112

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Stryker EMEA Stryker EMEA
Novadaq Novadaq
Name of related party Technologies Ulc Technologies Ulc
Supply Chain Supply Chain
Services BV Services BV
UNITED STATES UNITED STATES NETHERLANDS NETHERLANDS
party
Purchases of goods related party transactions 28,98,875 2,01,37,013 73,05,43,831 44,90,12,134
56,552 41,55,019
transactions
Other related party transactions income 6,26,36,803
Amounts payable related party transactions 7,16,327 1,33,56,222 18,01,83,234 20,76,75,739
0 0 0 0
0 0 0 0
Description of other related party Advance to
transactions which are necessary for Vendors Rs.

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Name of related party Stryker Instruments Stryker Instruments Stryker RHQIC Stryker RHQIC
UNITED STATES UNITED STATES NETHERLANDS NETHERLANDS
party
0 0 0 0
0 0 0 0
113

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Heartsine
Leibinger Heartsine
Name of related party Navigation
Leibinger Navigation Technologies
Technologies Limited
Limited
GERMANY GERMANY IRELAND IRELAND
party
Purchases of goods related party transactions 67,39,618
Amounts payable related party transactions 1,26,86,090 1,12,13,122 67,39,618
0 0 0 0
0 0 0 0
Description of other related party Advance To
transactions which are necessary for Vendors Rs.

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Stryker European Stryker European Stryker Trauma Stryker Trauma
Name of related party Operations BV Operations BV GMBH GMBH
NETHERLANDS NETHERLANDS GERMANY GERMANY
party
1,43,45,846 3,45,49,056
transactions
behalf of company during year related 72,046 26,80,560
party transactions
related party during year related party 0 1,29,62,403
transactions
Amounts payable related party transactions 17,97,48,515 27,83,08,887 1,34,743
Amounts receivable related party transactions 62,820 48,75,460
0 0 0 0
0 0 0 0
114

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Stryker Pacific Stryker Pacific Physio Control Physio Control
Name of related party Limited, Hongkong Limited, Hongkong Manufacturing Inc. Manufacturing Inc.
HONG KONG HONG KONG NETHERLANDS NETHERLANDS
party
Purchases of goods related party transactions 3,13,70,626 3,43,49,608 9,87,29,834 6,30,37,537
83,57,596 1,64,69,817
transactions
behalf of company during year related 49,79,961 27,74,464
party transactions
related party during year related party 12,99,973 81,55,783
transactions
Amounts payable related party transactions 3,82,21,536 5,82,22,427 5,04,315 6,30,37,537
0 0 0 0
0 0 0 0
Advance to vendors
transactions which are necessary for Rs.4121237

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
Howmedica Howmedica
Name of related party Jolife AB Jolife AB Osteonics Spine Osteonics Spine
Division Division
SWEDEN SWEDEN UNITED STATES UNITED STATES
party
Purchases of goods related party transactions 0 69,30,800 67,51,642 1,64,31,169
36,82,773 75,69,317
transactions
Amounts payable related party transactions 3,23,987 69,30,800 1,59,10,559
0 0 0 0
0 0 0 0
115

01/04/2020 01/04/2019 01/04/2020 01/04/2019
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2020
STRYK TIBBI STRYK TIBBI
Name of related party Stryker Spine US Stryker Spine US CIHAZLARI CIHAZLARI
SAN.VE T SAN.VE T
UNITED STATES UNITED STATES TURKEY TURKEY
party
0 25,25,412
transactions
0 60,053
transactions
Amounts payable related party transactions 8,06,847 1,13,98,535
0 0 0 0
0 0 0 0

Categories of related parties [Axis] 69 70 71
01/04/2020 01/04/2019 01/04/2020 01/04/2020
to to to to
31/03/2021 31/03/2020 31/03/2021 31/03/2021
Stryker Corporation Stryker Ab Sivubike
Name of related party OTHERS (A) OTHERS
Chile y Cia LTDA Suomessa
UNITED STATES UNITED STATES CHILE FINLAND
party
Fellow Subsidiary Fellow Subsidiary
Description of nature of related party relationship Others Others
company company
Description of nature of transactions with related Business Business Business
Business Transaction
party Transaction Transaction Transaction
Purchases of goods related party transactions 99,11,571
Amounts payable related party transactions 0 1,41,86,044 15,40,183
0 0 0 0
0 0 0 0
Footnotes
(A) These are other immaterial transaction as per Accounting Standard
116

Categories of related parties [Axis] 72
01/04/2020
to
31/03/2021
Disclosure of relationship and transactions between related parties [Abstract]
Disclosure of relationship and transactions between related parties [LineItems]
Name of related party Scopish Gmbh
Country of incorporation or residence of related party GERMANY
Fellow Subsidiary
Description of nature of related party relationship company
Business
Description of nature of transactions with related party Transaction
Outstanding balances for related party transactions [Abstract]
Amounts payable related party transactions 85,566
Amount written off during period in respect of debts due from related parties 0
Amount written back during period in respect of debts due to related parties 0

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of notes on related party explanatory [TextBlock] [See below]
Whether there are any related party transactions during year Yes Yes
Whether company is subsidiary company Yes Yes
Section under which company is subsidiary Section 2(87)(ii) Section 2(87)(ii)
117
Disclosure of notes on related party explanatory [Text Block]
Related parties and nature of the relationship where control exists,

(i) irrespective of whether or not there have been transactions between the
related parties:
Stryker Far East

Holding Company Inc.
Ultimate holding Company Stryker

Corporation, USA
Other related parties and nature of the relationship with whom

(ii)
transactions have taken place during the year:
Fellow subsidiaries
Howmedica
Berchtld GMBH & CO.
International S de
KG
RL
Stryker Pacific Stryker Mexico SA de

Limited, Hongkong c.v.
Stryker European
Stryker Japan
Operations BV
Stryker Sales Physio Control

Corporation manufacturing Inc.
Howmedica Stryker EMEA Supply

Osteonics Corp Chain Services BV
Stryker Leibinger Stryker

Gmbh & Co. Kg Communications Inc
Stryker Global
Stryker Colombia
Technology Center
S.A.S
Private Limited
Stryker Korea Stryker Australia Pvt

Limited Limited
Muka Metal
Ticaret Ve Stryker China Ltd
Sanayi Limited
118
Stryker Mako Stryker Orthovita Inc.
Stryker Singapore Pvt.

Styker Chile
Ltd.
Stryker Novadaq Technologies

Neurovascular ULC
Stryker Beijing
Stryker Endoscopy
Healthcare
Howmedica
HeartSine Technologies, LLC USA Osteonics Spine
Division
Concentric
Jolife AB
Medical
Stryker UK Stryker Spine US
Stryker European
Stryker Tibbi Cihazlari San.Ve Tic.Ltd
Operations Ltd
Stryker Corporation Chile y Cía. Ltda Stryker AB
Stryker Medical
Leibinger Navigation
Kalamazoo
Stryker
Corporation
Stryker Puerto Rico
(Malaysia) Sdn
Bhd
Stryker Trauma
Stryker Ab Sivuliike Suomessa
Kiel
Stryker Spine
Scopis Gmbh
S.A.S
Stryker Polska
Key Management Personnel (KMP) having significant influence over

(iii)
the Company
Meenakshi Nevatia Managing Director
Director (Resigned on
Mervyn Brent Scott
17 December 2020)
Aman Rishi Director
Mark Joseph Leeder Director
119
Tanu Arora Company Secretary
[201400] Notes - Leases

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of leases explanatory [TextBlock] [See below]
Whether any operating lease has been converted to financial lease or
No No
vice-versa
Disclosure of leases explanatory [Text Block]

Where the Company is the lessee
Leases, where the lessor effectively retains substantially all the risks and benefits of ownership of the leased term, are classified as operating
leases. Operating lease payments are recognised as an expense in the statement of profit and loss on a straight-line basis over the lease term.
The Company has taken offices in various locations under operating lease agreements. The lease payment recognized in the statement of
profit and loss account for the year is ? 17,019,175 (31 March 2020 : ? 18,016,438). There are no restrictions imposed by lease arrangements.
[300300] Notes - Earnings per share

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Disclosure of earnings per share explanatory [TextBlock] [See below]
Adjustments of numerator to calculate basic earnings per share [Abstract]
Adjustments of numerator to calculate diluted earnings per share [Abstract]
120
Disclosure of earnings per share explanatory [Text Block]

Basic earnings per share is calculated by dividing the net profit or loss for the year attributable to equity shareholders (after deducting
preference dividends and attributable taxes) by the weighted average number of equity shares outstanding during the year.
For the purpose of calculating diluted earnings per share, the net profit or loss for the year attributable to equity shareholders and the
weighted average number of shares outstanding during the year are adjusted for the effects of all dilutive potential equity shares.
The following reflects the profit and share data used in the basic and diluted EPS
computations:
Net (loss)/profit for calculation of basic and diluted EPS

(21,54,38,992) 13,89,78,217
Weighted average number of equity shares in calculating basic and diluted EPS
1,72,64,526 1,33,47,000
Basic and diluted earnings per share

(12.48) 10.41
[202800] Notes - Subsidiary information

01/04/2020
to
31/03/2021
Disclosure of subsidiary information explanatory [TextBlock]
Whether company has subsidiary companies No
Whether company has subsidiary companies which are yet to commence
No
operations
Whether company has subsidiary companies liquidated or sold during year No
121
[201900] Notes - Income taxes

01/04/2020
to 31/03/2020
31/03/2021
Disclosure of notes on income taxes explanatory [TextBlock] [See below]
Disclosure of breakup of deferred tax assets and deferred tax liabilities
[Abstract]
Components of deferred tax assets [Abstract]
Deferred tax asset, expenditure disallowances (A) 6,17,25,905 (B) 4,34,38,015
Deferred tax asset, depreciation (C) 10,91,23,146 (D) 9,08,14,637
Deferred tax asset, provision doubtful debts 15,34,73,820 19,27,06,966
Deferred tax asset, other (E) 80,99,339 (F) 1,26,58,316

Total deferred tax assets 33,24,22,210 33,96,17,934
Footnotes
(A) Impact of expenditure charged to the statement of profit and loss in the current year but allowed for tax purposes on payment
basis : 56800530 Expenditure disallowance on account of non-deduction of tax : 4925375
(B) Impact of expenditure charged to the statement of profit and loss in the current year but allowed for tax purposes on payment
basis : 35297208 Expenditure disallowance on account of non-deduction of tax : 8140807
(C) Property, plant and equipment: Impact of difference between tax depreciation and depreciation/ amortization charged for the
financial reporting : 109123146
(D) Property, plant and equipment: Impact of difference between tax depreciation and depreciation/ amortization charged for the
financial reporting : 90814637
(E) Provision for warranties : 8099339
(F) Provision for warranties : 12658316
122
Disclosure of notes on income taxes explanatory [Text Block]

Tax expense comprises current and deferred tax. Current income-tax is measured at the amount expected to be paid to the tax authorities in
accordance with the Income-tax Act, 1961 enacted in India and tax laws prevailing in the respective tax jurisdictions where the Company
operates. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at the reporting date.
Current income tax relating to items recognised directly in equity is recognized in equity and not in the statement of profit and loss.
Deferred income taxes reflect the impact of timing differences between taxable income and accounting income originating during the current
year and reversal of timing differences for the earlier years. Deferred tax is measured using the tax rates and the tax laws enacted or
substantively enacted at the reporting date.
Deferred tax liabilities are recognised for all taxable timing differences. Deferred tax assets are recognised for deductible timing differences
only to the extent that there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax
assets can be realized. In situations where the Company has unabsorbed depreciation or carry forward tax losses, all deferred tax assets are
recognized only if there is virtual certainty supported by convincing evidence that they can be realised against future taxable profits.
At each reporting date, the Company re-assesses unrecognised deferred tax assets. It recognises unrecognised deferred tax asset to the extent
that it has become reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available against
which such deferred tax assets can be realized.
The carrying amount of deferred tax assets are reviewed at each reporting date. The Company writes-down the carrying amount of deferred
tax asset to the extent that it is no longer reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will
be available against which deferred tax asset can be realized. Any such write-down is reversed to the extent that it becomes reasonably
certain or virtually certain, as the case may be, that sufficient future taxable income will be available.
Deferred tax assets and deferred tax liabilities are offset, if a legally enforceable right exists to set-off current tax assets against current tax
liabilities and the deferred tax assets and deferred taxes relate to the same taxable entity and the same taxation authority.
[202400] Notes - Investments in associates

01/04/2020
to
31/03/2021
Disclosure of notes on investment in associates explanatory [TextBlock]
Whether company has invested in associates No
Whether company has associates which are yet to commence operations No
Whether company has associates liquidated or sold during year No
123
[202500] Notes - Financial reporting of interests in joint ventures

01/04/2020
to
31/03/2021
Disclosure of notes on interests in joint ventures explanatory [TextBlock]
Whether company has invested in joint ventures No
Whether company has joint ventures which are yet to commence operations No
Whether company has joint ventures liquidated or sold during year No
[201500] Notes - Impairment

01/04/2020
to
31/03/2021
Disclosure of impairment of assets explanatory [TextBlock] [See below]
124
Disclosure of impairment of assets explanatory [Text Block]

The Company assesses at each reporting date whether there is an indication that an asset may be impaired. If any indication exists, or when
annual impairment testing for an asset is required, the Company estimates the asset’s recoverable amount. An asset’s recoverable amount is
the higher of an asset’sor cash-generating unit’s (CGU) net selling price and its value in use. The recoverable amount is determined for an
individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or groups of assets.
Where the carrying amount of an asset exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable
amount. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that
reflects current market assessments of the time value of money and the risks specific to the asset. In determining net selling price, recent
market transactions are taken into account, if available. If no such transactions can be identified, an appropriate valuation model is used.
The Company bases its impairment calculation on detailed budgets and forecast calculations which are prepared separately for each of the
Company’s cash-generating units to which the individual assets are allocated. These budgets and forecast calculations are generally covering
a period of five years. For longer periods, a long term growth rate is calculated and applied to project future cash flows after the fifth year.
Impairment losses of continuing operations, including impairment on inventories, are recognised in the statement of profit and loss.
After impairment, depreciation is provided on the revised carrying amount of the asset over its remaining useful life.
An assessment is made at each reporting date as to whether there is any indication that previously recognised impairment losses may no
longer exist or may have decreased. If such indication exists, the Company estimates the asset’s or cash-generating unit’s recoverable
amount. A previously recognised impairment loss is reversed only if there has been a change in the assumptions used to determine the asset’s
recoverable amount since the last impairment loss was recognised. The reversal is limited so that the carrying amount of the asset does not
exceed its recoverable amount, nor exceed the carrying amount that would have been determined, net of depreciation, had no impairment loss
been recognised for the asset in prior years. Such reversal is recognised in the statement of profit and loss.
[202100] Notes - Other provisions, contingent liabilities and contingent assets

01/04/2020
to
31/03/2021
Disclosure of notes on other provisions, contingent liabilities and Textual information (55)
contingent assets explanatory [TextBlock] [See below]
Disclosure of other provisions explanatory [TextBlock]
125
Disclosure of notes on other provisions, contingent liabilities and contingent assets explanatory [Text Block]
A provision is recognised when the Company has a present obligation as a result of past event and it is probable that an outflow of resources
embodying economic benefits will be required to settle the obligation, in respect of which a reliable estimate can be made. Provisions are not
discounted to its present value and are determined based on management estimate required to settle the obligation at the reporting date. These
estimates are reviewed at each reporting date and adjusted to reflect the current best estimates.
A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence or
non-occurrence of one or more uncertain future events beyond the control of the Company or a present obligation that is not recognised
because it is not probable that an outflow of resources will be required to settle the obligation. A contingent liability also arises in extremely
rare cases where there is a liability that cannot be recognised because it cannot be measured reliably. The Company does not recognise a
contingent liability but discloses its existence in the financial statements.
Provision for warranty related costs are recognised when the product is sold or service provided. Provision is based on historical experience.
The estimate of such warranty related costs is revised annually.
The Company has estimated contingent liabilities in respect of show-cause notices/demands received from Government Authorities and
others in respect of the following:
31 March 31 March
Particulars
2021 2020
Income tax matters under appeals, being disputed by the Company (refer Note A) at various appellate
authorities. In respect of all these mater, the Company, based on internal evaluation and advice from legal
47,273,043* 677,429,533
counsellor is confident that there would not be any probable outflow of resources in these matters and hence no
provision is considered necessary at this stage.
Sales Tax demands for year assessment year 2008-09, 2009-10, 2010-11, 2011-12, 2012-13, 2013-14, 2014-15,
2015-16, 2016-17, 2017-18 and 2018-19 for pending sales tax forms being disputed by the Company. The
Company based on current status of these matters and advice of its legal counsel is confident that there would 509,760,703 421,308,644
not be any probable outflow of resources in this matter.
Total 557,033,746 1,098,738,177
* During the Financial Year 2020-21, the Company has opted to settle its pending income-tax litigations for AYs 2002-03 to 2006-07 and
AYs 2009-10 to 2016-17 under the Direct Tax Vivad Se Vishwas Act, 2020 (hereinafter referred to as ‘VSV Scheme’). Under the VSV
Scheme, a taxpayer is entitled to settle income-tax litigation pending as on 31 January 2020 before any forum by paying only the tax and
nominal interest on disputed income in the prescribed manner.
In this regard, the Company has expensed off ? 343,473,258 as tax for prior period based on the assessment made by the department vide
Form 3 issued under VSV scheme.
Note A:
126
(a) The Company has received an assessment order for Assessment year 2017-18 wherein the income tax department has made the below
mentioned TP adjustments: -
Provision of marketing support services: The Transfer Pricing Officer (‘TPO’) challenged the benchmarking analysis conducted by the
company for the purpose of determining Arm’s Length Price (‘ALP’) of the international transaction of provision of Marketing Support
Services (‘MSS’) and proposed a TP adjustment of ? 11,229,780. The tax impact pertaining to the same is ? 3,886,626.
Outstanding receivables: The TPO alleged that the company had extended benefits to its AEs under the garb of delay in collection of
outstanding receivables due from them. Furthermore, by virtue of explanation inserted by the Finance Act, 2012 to section 92B of the Act,
such receivables constituted a separate international transaction and hence warrant a separate benchmarking. Accordingly, TPO imputed
notional interest on such receivables which were outstanding during the year at an interest rate of @ 9.175% (being SBI base rate prevailing
during the year) and made an addition of ? 46,189,038. The tax impact pertaining to the same is ? 15,986,027 (31 March 2020: Nil).
The Company has filed an appeal before the DRP, which is pending for disposal.
(b) The Company has received an assessment order for Assessment year 2018-19 wherein the income tax department has made the below
mentioned TP adjustments: -
Provision of marketing support services: The Transfer Pricing Officer (‘TPO’) challenged the benchmarking analysis conducted by the
company for the purpose of determining Arm’s Length Price (‘ALP’) of the international transaction of provision of Marketing Support
Services (‘MSS’) and proposed a TP adjustment of ? 17,410,215. The tax impact pertaining to the same is ? 6,025,675 (31 March 2020: Nil).
Outstanding receivables: The TPO alleged that the Company had extended benefits to its AEs under the garb of delay in collection of
outstanding receivables due from them. Furthermore, by virtue of explanation inserted by the Finance Act, 2012 to section 92B of the Act,
such receivables constituted a separate international transaction and hence warrant a separate benchmarking. Accordingly, TPO imputed
notional interest on such receivables which were outstanding during the year at an interest rate of @ 5.6976% (being 6 months LIBOR rate
plus 400 basis points as an adjustment for foreign currency risk factor) and made an addition of ? 68,62,509. The tax impact pertaining to the
same is ? 2,375,115.
(c) The Company received an assessment order for Assessment year 2007-08 wherein the income tax department has contended that the
Company has wrongly adjusted brought forward losses against the taxable income of the AY 2007-08. Accordingly, Company’s taxable
income has been adjusted by ? 41,934,090 and a demand of ? 18,999,600 (31 March 2020: ? 18,999,600) has been raised. Company has not
filed appeal against the assessment order but received a stay order against the demand notice and is in process of taking relevant action.
(d) In respect of Assessment year 2002-03, the Income tax authorities have made an adjustment on account of disallowance of foreign
exchange loss amounting to ? 3,809,561. The Company filed appeal before ITAT against the order of Income Tax authorities. ITAT had
remanded back the matter to Assessing Office for fresh adjudication. The possible exposure in this matter is ? Nil (31 March 2020: ?
1,220,964) as the Company has opted for VSV Scheme for the said AY.
127
(e) The Company imports finished goods and instruments from various associated enterprises outside India. The Income tax department
has challenged the prices at which Company purchases these goods. Department has contended that these transactions are not entered at
arm’s length price and consequently the Company is incurring losses. Department had raised demands amounting to ? 26,967,959 for
Assessment year 2002-03 to Assessment year 2005-06 considering arm’s length price for aforesaid transactions. The Company had filed an
appeal with Commissioner of Income Tax (Appeal) [CIT(A)] and deposited ? 6,707,418 against disputed demand. The CIT(A) had rejected
the Company’s appeal and the Company preferred an appeal with Income Tax Appellate Tribunal (ITAT) against the order of CIT(A).
Thereafter, the matters with respect to all above assessment years were referred back by ITAT to Assessing Officer for disposal. The
following developments have taken place.
- in respect of Assessment year 2002-03, Assessing Officer issued draft assessment order and confirmed the adjustment. The Company
has filed objection before Dispute Resolution Panel (DRP) against the order of Assessing Officer and the matter is pending disposal before
DRP. Also, the Company has filed Special leave petition (SLP) before the Hon’ble Supreme Court agitating the order of Delhi High Court.
All the hearing before DRP was completed and order of the DRP has been received against the Company. Appeal filed before ITAT against
the final assessment order on November 1, 2019. Notice of hearing awaited. During the current year, the Company has opted for VSV
Scheme for the said AY.
- in respect of Assessment year 2003-04 to 2005-06, ITAT has passed order remanding back the matter to AO/TPO..During the current
year TPO had issued the notice for remand back proceedings and the Company has filed detailed submission for the said notice on 18th
March 2020. During the current year, the Company has opted for VSV Scheme for the said AY.
(f) The Company received an assessment order for the Assessment year 2006-07 wherein the Jt. Commissioner of Income Tax (CIT) has
disallowed provision for inventory obsolescence amounting to ? 13,447,642 considering the same to be provision for unascertained liability.
Further, the Assessing Officer has disallowed claim of brought forward losses and brought forward depreciation for the earlier years
amounting to ? 9,622,270 as there was no such unabsorbed depreciation or losses as per the assessment order of immediately preceding year
and raised a demand of ? 13,146,159. Also, the Company has deposited ? 6,573,080 under protest. CIT(A) decided the matter in favour of
Company and department filed appeal before ITAT against the order of CIT(A). ITAT had remanded the case back to CIT(A) but during the
current year, the Company has opted for VSV Scheme for the said AY.
(g) The Company received an assessment order for Assessment year 2009-10 wherein the income tax department has contended that
certain international transactions entered into by the Company with its associated enterprises are not at arm’s length price. Accordingly,
Company’s taxable income has been adjusted by ? 24,699,486 and has raised a demand of ? 12,987,170 and the Company has deposited ?
3,830,082. The Company filed a writ petition in Hon’ble High Court since the Assessing Officer has not issued the draft assessment order
before issuing the final assessment order. The matter was referred back by Hon’ble High Court to Assessing Officer for fresh assessment
order. During the current year, Assessing Officer issued draft assessment order and confirmed the adjustment. The Company has filed
objection before Dispute Resolution Panel (DRP) against the order of Assessing Officer and all the hearing before DRP was completed and
order of the DRP has been received against the Company. Appeal filed before ITAT against the final assessment order on November 1, 2019
but during the current year, the Company has opted for VSV Scheme for the said AY.
(h) The Company received an assessment order for Assessment year 2010-11 wherein the income tax department has contended that certain
transactions entered into by the Company with its associated enterprises have not fetched any benefit to the Company and therefore are not at
arm’s length price. Accordingly, the Assessing Officer has adjusted the Company’s taxable income by ? 39,278,877 and has raised a demand
of ? 32,627,720 and the Company has deposited ? 31,766,334 under protest. The Company filed an appeal with CIT(A). The CIT(A) had
rejected the Company’s appeal and the Company has preferred an appeal with ITAT against the order of CIT(A) and ITAT vide its order
dated December 31, 2019 remanded back the matter to the CIT(A) for fresh adjudication but during the current year, the Company has opted
for VSV Scheme for the said AY.
(i) The Company received an assessment order for Assessment year 2011-12 wherein the income tax department has contended that
certain transactions entered into by the Company with its associated enterprises have not fetched any benefit to the Company and therefore
are not at arm’s length price. Accordingly, the Assessing Officer adjusted the Company’s taxable income by ? 29,250,306 and raised a
128
demand of ? 14,900,800 and the Company had deposited ? 2,235,120 under protest. The Company preferred and appeal with CIT(A) against
the order of Assessing Officer and the matter was pending disposal before CIT(A) but during the current year, the Company has opted for
VSV Scheme for the said AY.
(j) The Company received an assessment order for Assessment year 2012-13 wherein the income tax department has contended that
certain transactions entered into by the Company with its associated enterprises have not fetched any benefit to the Company and therefore
are not at arm’s length price. Accordingly, the Assessing Officer adjusted the Company’s taxable income by ? 109,230,987 and reduced
brought forward losses to that extent of tax impact of this reduction in taxable income. The Company preferred and appeal with CIT(A)
against the order of Assessing Officer and the matter is pending disposal before CIT(A). The tax impact of this matter was ? 37,127,612. All
the hearing before CIT(A) was completed and order of the CIT(A) has been received. The CIT(A) has upheld the methodology (TNMM
instead of RPM) adopted by the TPO. Further, CIT(A) has allowed 30% of the management charges that have been received from Stryker
Pacific. Appeal before ITAT was filed on September 23, 2019 but during the current year, the Company has opted for VSV Scheme for the
said AY.
(k) The Company received an assessment order for Assessment year 2013-14 wherein the income tax department has contended that
certain international transactions entered into by the Company with its associated enterprises are not at arm’s length price. Accordingly, the
Assessing Officer adjusted the Company’s taxable income by ? 132,149,700 and raised a demand of ? 60,718,810 and the Company has
deposited ? 7,592,760. The Company filed an appeal with CIT (A) against the order of Assessing Office and the matter is pending disposal
before CIT(A). During the current year, the Company has opted for VSV scheme for the said AY.
(l) The Company received an assessment order for Assessment year 2014-15 wherein the income tax department has contended that
certain international transactions entered into by the Company with its associated enterprises are not at arm’s length price, addition on
account of undisclosed income and wrong claim of business loss and unabsorbed depreciation. Accordingly, the Assessing Officer adjusted
the Company’s taxable income by ? 624,838,407 and raised a demand of ? 380,176,355 and the Company had deposited ? 57,801,401 under
protest. The Company filed an appeal with CIT (A) against the order of Assessing Office but during the current year, the Company has opted
for VSV Scheme for the said AY.
(m) The Company has received assessment order under Section 143(3) for the Assessment year 2015-16 wherein the Assessing officer has
disallowed 27% of commission, advertisement and sales promotion expenses amounting to ? 20,719,531 considering the same not expended
wholly and exclusively for the purpose of business of the assesse. Further, the Assessing Officer has disallowed claim of brought forward
losses and brought forward depreciation for the earlier years amounting to ? 21,271,451 as there was no such unabsorbed depreciation or
losses as per the assessment order of immediately preceding year and raised a demand of ? 17,238,700. Also, the Company has deposited ?
4,310,000 under protest. The Company has filed appeal before CIT(A) against the order of Assessing Officer and all the hearing before
CIT(A) is completed and order of the CIT(A) has been received against the Company. Appeal filed before ITAT against the final assessment
order in March 2020 but during the current year, the Company has opted for VSV Scheme for the said AY.
The Company has received Assessment order for the Assessment Year 2016-17 wherein the Income tax authorities have made an adjustment
on account of disallowance of commission & advertisement & sales promotion expenses. The Company has filed an appeal before CIT(A).
The possible exposure in this matter is Nil (31 March 2020: ? 61,317,683) as the Company has opted for VSV Scheme for the said AY.
Particulars Provision for leave encashment Provision for warranty
As at 31 March 2019 13,026,891 54,507,406
Additions during the year 4,701,668 50,434,148
Utilisation during the year - 54,646,274
129
As at 31 March 2020 17,728,559 50,295,280
Additions during the year 8,045,162 11,024,837
Utilisation during the year 2,386,074 29,139,016
32,181,101
As at 31 March 2021 23,387,647
[202700] Notes - Cash flow statements

01/04/2020 01/04/2019
to to 31/03/2019
31/03/2021 31/03/2020
Disclosure of cash flow statement explanatory [TextBlock] [See below]
Cash and cash equivalents if different from balance sheet [Abstract]
Cash and cash equivalents cash flow statement 66,69,89,932 75,74,24,370 18,96,85,662
Other differences to cash and cash equivalents in statement of cash
0 0
flows
Total cash and cash equivalents 66,69,89,932 75,74,24,370
Income taxes paid (refund) [Abstract]
Income taxes paid (refund), classified as operating activities 20,44,66,651 13,13,02,339
Total income taxes paid (refund) 20,44,66,651 13,13,02,339
Disclosure of cash flow statement explanatory [Text Block]

Cash and cash equivalents for the purposes of cash flow statement comprise cash at bank and in hand and short-term investments with an
original maturity of three months or less.
130
[100200] Statement of profit and loss

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Statement of profit and loss [Abstract]
Disclosure of revenue from operations [Abstract]
Disclosure of revenue from operations for other than finance company
[Abstract]
Revenue from sale of products 387,42,67,250 443,21,88,708
Revenue from sale of services 25,55,84,052 32,54,41,407
Other operating revenues (A) 67,59,71,903 (B) 62,99,31,135

Total revenue from operations other than finance company 480,58,23,205 538,75,61,250
Total revenue from operations 480,58,23,205 538,75,61,250
Other income 13,42,06,174 6,61,58,479
Total revenue 494,00,29,379 545,37,19,729
Expenses [Abstract]
Cost of materials consumed 0 0
Purchases of stock-in-trade 261,94,62,509 296,75,44,834
Changes in inventories of finished goods, work-in-progress and
34,13,50,958 -6,13,86,210
stock-in-trade
Employee benefit expense 90,96,59,339 74,76,23,318
Finance costs 10,43,45,872 12,71,25,679
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense 8,29,20,607 7,66,68,878
Amortisation expense 24,53,965 24,53,964
Total depreciation, depletion and amortisation expense 8,53,74,572 7,91,22,842
CSR expenditure 49,56,205 0
Other expenses 68,16,31,071 125,34,28,209
Total expenses 474,67,80,526 511,34,58,672
Total profit before prior period items, exceptional items, extraordinary
19,32,48,853 34,02,61,057
items and tax
Total profit before extraordinary items and tax 19,32,48,853 34,02,61,057
Extraordinary items before tax -1,27,48,989 -79,24,718
Total profit before tax 18,04,99,864 33,23,36,339
Tax expense [Abstract]
Current tax (C) 40,14,92,122 (D) 13,07,83,237
Deferred tax 71,95,723 7,04,99,603
Total tax expense 40,86,87,845 20,12,82,840
Total profit (loss) for period from continuing operations -22,81,87,981 13,10,53,499
Total profit (loss) for period before minority interest -22,81,87,981 13,10,53,499
Total profit (loss) for period -22,81,87,981 13,10,53,499
Earnings per equity share [Abstract]
Basic earning per equity share [INR/shares] -12.48 [INR/shares] 10.41
Diluted earnings per equity share [INR/shares] -12.48 [INR/shares] 10.41
Nominal value of per equity share [INR/shares] 10 [INR/shares] 10
Footnotes
(A) Transfer price adjustment (refer note 27b) : 492057083 Marketing recharge : 183914820
(B) Transfer price adjustment (refer note 27b) : 332559851 Marketing recharge : 297371284
(C) Current tax : 58018864 Tax related to earlier years : 343473258
(D) Current tax : 130783237 Tax related to earlier years : 0
131
[300500] Notes - Subclassification and notes on income and expenses

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Subclassification and notes on income and expense explanatory [TextBlock]
Disclosure of revenue from sale of products [Abstract]
Revenue from sale of products [Abstract]
Revenue from sale of products, gross (A) 387,42,67,250 (B) 443,21,88,708
Total revenue from sale of products 387,42,67,250 443,21,88,708
Disclosure of revenue from sale of services [Abstract]
Revenue from sale of services [Abstract]
Revenue from sale of services, gross (C) 25,55,84,052 (D) 32,54,41,407
Total revenue from sale of services 25,55,84,052 32,54,41,407
Disclosure of other operating revenues [Abstract]
Other operating revenues [Abstract]
Miscellaneous other operating revenues 67,59,71,903 62,99,31,135
Total other operating revenues (E) 67,59,71,903 (F) 62,99,31,135

Disclosure of other income [Abstract]
Interest income [Abstract]
Total interest income 0 0
Dividend income [Abstract]
Total dividend income 0 0
Other non-operating income [Abstract]
Net gain/loss on foreign currency fluctuations treated as other
82,68,237 0
income
Liabilities written off -12,18,79,157 -5,61,67,750
Miscellaneous other non-operating income 40,58,780 99,90,729
Total other non-operating income 13,42,06,174 6,61,58,479
Total other income 13,42,06,174 6,61,58,479
Disclosure of finance cost [Abstract]
Interest expense [Abstract]
Interest expense short-term loans [Abstract]
Interest expense short-term loans, banks 5,97,38,633 8,09,80,074
Interest expense short-term loans, others 3,37,50,000 3,38,19,476
Total interest expense short-term loans 9,34,88,633 11,47,99,550
Total interest expense 9,34,88,633 11,47,99,550
Other borrowing costs (G) 1,08,57,239 (H) 1,23,26,129

Total finance costs 10,43,45,872 12,71,25,679
Employee benefit expense [Abstract]
Salaries and wages 83,26,62,630 65,63,83,476
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Salary to directors 2,97,44,174 5,78,66,343
Total remuneration to directors 2,97,44,174 5,78,66,343
Total managerial remuneration 2,97,44,174 5,78,66,343
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for others 3,23,76,044 2,56,53,325
Total contribution to provident and other funds 3,23,76,044 2,56,53,325
Expense on employee stock option scheme and employee stock purchase plan 1,43,82,777 63,03,586
Staff welfare expense 4,93,714 14,16,588
Total employee benefit expense 90,96,59,339 74,76,23,318
Breakup of other expenses [Abstract]
Consumption of stores and spare parts 0 0
Power and fuel 0 0
Rent 1,70,19,175 1,80,16,438
Repairs to building 0 0
Repairs to machinery 0 0
Insurance 2,31,96,055 2,18,68,174
Rates and taxes excluding taxes on income [Abstract]
Other cess taxes 10,67,75,235 1,75,09,497
Total rates and taxes excluding taxes on income 10,67,75,235 1,75,09,497
132
Telephone postage 48,90,526 68,95,390

Printing stationery 12,36,362 20,18,070
Travelling conveyance 4,60,47,499 18,21,82,208
Legal professional charges 9,74,93,603 11,74,74,794
Training recruitment expenses 58,57,221 1,22,17,271
Directors sitting fees 0 0
Advertising promotional expenses 4,70,45,173 14,37,38,412
Commission paid other selling agents 3,77,42,971 4,51,85,259
Cost repairs maintenance other assets 1,50,07,521 1,92,98,841
Cost transportation [Abstract]
Cost freight 7,62,66,580 8,74,65,919
Total cost transportation 7,62,66,580 8,74,65,919
Provision bad doubtful debts created 0 25,82,51,693
Provision bad doubtful loans advances created 0 2,57,95,181
Net provisions charged [Abstract]
Provision warranty claims created 1,10,24,837 5,04,34,148
Total net provisions charged 1,10,24,837 5,04,34,148
Write-off assets [Abstract]
Miscellaneous expenditure written off [Abstract]
Total miscellaneous expenditure written off 0 0
Fixed assets written off 10,59,77,685 0
Bad debts written off 0 10,72,078
Bad debts advances written off 0 0
Other assets written off (I) 5,82,39,372

(J) 0
Total write-off assets 16,42,17,057 10,72,078

Loss on disposal of intangible asset 0 0
Loss on disposal, discard, demolishment and destruction of depreciable
18,994 54,714
tangible asset
Payments to auditor [Abstract]
Payment for audit services 39,05,500 39,00,000
Payment for taxation matters 2,67,500 2,50,000
Payment for reimbursement of expenses 75,000 75,000
Total payments to auditor 42,48,000 42,25,000
Miscellaneous expenses (K) 2,35,44,262 (L) 23,97,25,122

Total other expenses 68,16,31,071 125,34,28,209
Current tax [Abstract]
Current tax pertaining to previous years 34,34,73,258 0
Current tax pertaining to current year 5,80,18,864 13,07,83,237
Total current tax (M) 40,14,92,122 (N) 13,07,83,237
Footnotes
(A) Endoscopy : 1029146532 Instruments : 289850085 Medical : 207761401 Orthopedic Implants : 766562943 Reconstructive
Capital Equipment : 102327666 Neurotechnology and Spine Products : 1404167879 Trauma Implants : 74450744
(B) Endoscopy : 1384236591 Instruments : 469586426 Medical : 92292148 Orthopedic Implants : 1145705755 Reconstructive
Capital Equipment : 97265793 Neurotechnology and Spine Products : 1094131942 Trauma Implants : 148970053
(C) Maintenance Contract Services : 180681691 Repair of products : 74902361
(D) Maintenance Contract Services : 143542273 Repair of products : 181899134
(E) Transfer price adjustment (refer note 27b) : 492057083 Marketing recharge : 183914820
(F) Transfer price adjustment (refer note 27b) : 332559851 Marketing recharge : 297371284
(G) Bank charges : 10857239
(H) Bank charges : 12326129
(I) Amount written off on capital work in progress : 58239372
(J) Amount written off on capital work in progress : 0
(K) Office Utilities : 3884353 Exchange Difference : 0 Miscellaneous Expenses : 19659909
(L) Office Utilities : 3047232 Exchange Difference : 174140924 Miscellaneous Expenses : 62536966
(M) Current tax : 58018864 Tax related to earlier years : 343473258
(N) Current tax : 130783237 Tax related to earlier years : 0
133
[300600] Notes - Additional information statement of profit and loss

01/04/2020 01/04/2019
to to
31/03/2021 31/03/2020
Additional information on profit and loss account explanatory [TextBlock]
Changes in inventories of stock-in-trade (A) 34,13,50,958 (B) -6,13,86,210
Total changes in inventories of finished goods, work-in-progress and
34,13,50,958 -6,13,86,210
stock-in-trade
Other items extraordinary (C) -1,27,48,989 (D) -79,24,718
Total extraordinary items before tax -1,27,48,989 -79,24,718
Total extraordinary items -1,27,48,989 -79,24,718
Total exceptional and extraordinary items -1,27,48,989 -79,24,718
Revenue repairs maintenance 25,55,84,052 32,54,41,407
Total gross income from services rendered (E) 25,55,84,052 (F) 32,54,41,407
Value of imports of components and spare parts 272,44,69,892 297,14,76,091
Value of imports of capital goods 9,87,03,499 24,95,79,358
Total value of imports calculated on CIF basis 282,31,73,391 322,10,55,449
Expenditure on professional and consultation fees 4,18,60,625 47,53,884
Expenditure on other matters (G) 2,44,11,756 (H) 4,49,18,029

Expenditure on dividend paid 0 0
Total expenditure in foreign currency 6,62,72,381 4,96,71,913
Total amount of dividend remitted in foreign currency 0 0
FOB value of traded goods exported 1,31,14,644 5,30,69,768
Total earnings on export of goods calculated on FOB basis 1,31,14,644 5,30,69,768
Total earnings in foreign currency 1,31,14,644 5,30,69,768
Domestic sale traded goods 386,11,52,606 437,91,18,940
Total domestic turnover goods, gross 386,11,52,606 437,91,18,940
Export sale traded goods 1,31,14,644 5,30,69,768
Total export turnover goods, gross 1,31,14,644 5,30,69,768
Total revenue from sale of products 387,42,67,250 443,21,88,708
Domestic revenue services 25,55,84,052 32,54,41,407
Total revenue from sale of services 25,55,84,052 32,54,41,407
Gross value of transaction with related parties as per AS-18 0 0
Bad debts of related parties as per AS-18 0 0
Footnotes
(A) Inventory at the beginning of year : 2375750844 Inventory at the end of year : -2034399886
(B) Inventory at the beginning of year : 2314364634 Inventory at the end of year : -2375750844
(C) Commission (Other than sole selling agent) : -12748989
(D) Commission (Other than sole selling agent) : -7924718
(E) Maintenance Contract Services : 180681691 Repair of products : 74902361
(F) Maintenance Contract Services : 143542273 Repair of products : 181899134
(G) Advertising and Sales promotion : 9346933 Recruitment Expenses : 0 Office Utilities : 1384026 Communication Expenses : 0
Travel and Conveyance Expenses : 0 Salaries, wages and bonus : 13680797
(H) Advertising and Sales promotion : 11623890 Recruitment Expenses : 1211202 Office Utilities : 2303134 Communication
Expenses : 515248 Travel and Conveyance Expenses : 134222 Salaries, wages and bonus : 29130333
[300100] Notes - Revenue

01/04/2020
to
31/03/2021
Disclosure of revenue explanatory [TextBlock] [See below]
134
Disclosure of revenue explanatory [Text Block]

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably
measured. The following specific recognition criteria must also be met before revenue is recognised:
Sale of goods
Revenue from sale of goods is recognised when all the significant risks and rewards of ownership of the goods have been passed to the buyer.
The Company collects sales taxes, value added taxes (VAT) and Goods and Service Tax (GST) on behalf of the government and, therefore,
these are not economic benefits flowing to the Company. Hence, they are excluded from revenue. Revenue in relation to sale of
communication equipments is recognized on the basis of installation of such equipments at respective customer locations. Invoices billed and
whose installation is not yet completed, are reversed from sales and shown as “Unearned revenue” under the head other current liabilities.
Revenue from maintenance contract
Revenue from maintenance contract are recognised pro-rata over the period of the contract as and when services are rendered. The Company
collects goods and service tax on behalf of the government and therefore, it is not an economic benefit flowing to the Company. Hence, it is
excluded from revenue.
Service income
Service income from repairs is recognised when the services has been rendered.
Interest income
Interest income is recognised on a time proportion basis taking into account the amount outstanding and the applicable interest rate. Interest
income is included under the head “other income” in the statement of profit and loss.
135
[202200] Notes - Effects of changes in foreign exchange rates

01/04/2020
to
31/03/2021
Disclosure of notes on effect of changes in foreign exchange rates Textual information (58)
explanatory [TextBlock] [See below]
136
Disclosure of notes on effect of changes in foreign exchange rates explanatory [Text Block]
(i) Initial recognition
Foreign currency transactions are recorded in the reporting currency, by applying to the foreign currency amount the exchange rate between
the reporting currency and the foreign currency at the date of the transaction.
(ii) Conversion
Foreign currency monetary items are reported using the closing rate. Non-monetary items which are carried in terms of historical cost
denominated in a foreign currency are reported using the exchange rate at the date of the transaction; and non-monetary items which are
carried at fair value or other similar valuation denominated in a foreign currency are reported using the exchange rates that existed when the
values were determined.
(iii) Exchange differences
Exchange differences arising on the settlement of monetary items or on reporting Company's monetary items at rates different from those at
which they were initially recorded during the year, or reported in previous financial statements, are recognized as income or as expenses in
the year in which they arise.
Particulars of unhedged foreign currency exposure as at the reporting date
31 March 2021 31 March 2020
Amount Amount
Exchange Amount in foreign Exchange Amount in foreign Exchange
Particulars
currency currency rate currency rate
(in ?) (in ?)
(in ?) (in ?)
Sundry debtors USD 31,1370 72.64 22,617,917 946,993 75.35 71,352,614
AUD 43,673 55.28 2,414,243 57,546 44.80 2,578,181
Sundry
USD 16,288,556 72.64 1,183,200,708 23,053,578 75.35 1,737,006,378
creditors
AUD 114,633 55.28 6,336,912 105,175 44.80 4,712,110
137
EUR 3,422,272 88.57 303,110,631 4955,744 82.44 408,540,597
CHF 3,186 77.23 246,055 13,686 77.46 1,060,200
GBP 5,254 100.06 525,715 29,868 90.02 2,688,761
SEK - - - 37,435 7.48 279,982
SGD 14,921 53.93 804,690 17,186 52.39 900,313
JPY 3,299,684 0.66 2,177,791 - - -
Capital
USD 1,337,396 72.64 97,148,445 2,016,354 75.35 151,925,246
payables
EUR 2,377 88.57 210,531 29,379 82.44 2,421,946
AUD 1,707 55.28 94,363 - - -
Unbilled
USD 3,011,885 72.64 218,783,321 627,655 75.35 47,293,839
revenue
138
[300700] Notes - Key managerial personnels and directors remuneration and other information
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table] ..(1)
Key managerial personnels and directors [Axis] 1 2 3 4
01/04/2020 01/04/2020 01/04/2020 01/04/2020
to to to to
31/03/2021 31/03/2021 31/03/2021 31/03/2021
Disclosure of key managerial personnels and directors and
remuneration to key managerial personnels and directors
[Abstract]
Disclosure of key managerial personnels and directors
and remuneration to key managerial personnels and
directors [LineItems]
MARK JOSEPH MEENAKSHI
Name of key managerial personnel or director LEEDER
AMAN RISHI
NEVATIA
TANU ARORA
Director identification number of key managerial

08005202 08201740 08235844
personnel or director
Permanent account number of key managerial
AESPA6396M
Date of birth of key managerial personnel or
16/10/1967 21/09/1983 23/02/1971 11/11/1977
director
Whole Time
Designation of key managerial personnel or director Director
Director
Managing Director Company Secretary
Qualification of key managerial personnel or Chartered Company Secretary,

Professional Professional
director Accountant Law Graduate
Shares held by key managerial personnel or director [shares] 0 [shares] 0 [shares] 0 [shares] 0
Key managerial personnel or director remuneration
[Abstract]
Gross salary to key managerial personnel or
director [Abstract]
Salary key managerial personnel or director 1,23,76,226 4,73,67,948 1,22,04,319
Profits in lieu of salary key managerial
0 0 0 0
Gross salary to key managerial personnel or
0 1,23,76,226 4,73,67,948 1,22,04,319
director
Total key managerial personnel or director
0 1,23,76,226 4,73,67,948 1,22,04,319
remuneration
[301000] Notes - Corporate social responsibility
Disclosure of net profits for last three financial years [Table] ..(1)
Financial year 1 Financial year 2 Financial year 3
Net profits for last three financial years [Axis]
[Member] [Member] [Member]
01/04/2020 01/04/2020 01/04/2020
to to to
31/03/2021 31/03/2021 31/03/2021
Disclosure of net profits for last three financial years [Abstract]
Disclosure of net profits for last three financial years [LineItems]
Description of financial year 2019-2020 2018-2019 2017-2018
Profit before tax of financial year (A) 33,23,36,339 16,81,38,325 21,22,25,377
Net profit computed u/s 198 and adjusted as per rule 2(1)(f)
34,03,15,771 17,56,64,929 22,74,49,977
of Companies (CSR Policy) Rules, 2014
Footnotes
(A) Exclusive of prior period expenses
139
Classification of CSR spending [Table] ..(1)

Classification of CSR spending [Axis] 1 2
01/04/2020 01/04/2020
to to
31/03/2021 31/03/2021
Disclosure of CSR spending [Abstract]
Details of CSR spent during financial year [Abstract]
Manner in which amount CSR spent during financial year [Abstract]
Manner in which amount CSR spent during financial year [LineItems]
Donation for Cleft
CSR project or activity identified lip and palate PM Care Fund
surgical camp
Other Central
Sector in which project is covered Health care
Government Funds
Whether projects or programs undertaken in local area or other No No
Name of state or union territory where projects or programs was undertaken Andhra Pradesh Delhi (NCT)
Name of district where projects or programs was undertaken Vijaywada NCT of Delhi
Budget amount outlay project or program wise 24,56,205 25,00,000
Amount spent on projects or programs [Abstract]
Direct expenditure on projects or programs 24,56,205 25,00,000
Overheads on projects or programs 0 0
Total amount spent on projects or programs 24,56,205 25,00,000
Cumulative expenditure upto reporting period 0 25,00,000
Expenditure on administrative overheads 0 0
Directly by Directly by
Mode of amount spent company company

01/04/2020
to
31/03/2021
Disclosure of corporate social responsibility explanatory [TextBlock]
Whether provisions of corporate social responsibility are applicable on
Yes
company
Disclosure of composition of CSR committee [TextBlock] [See below]
Whether company has written CSR policy Yes
Provided under
Boards’
Details CSR policy [TextBlock] report
Average net profit for last three financial years 24,78,10,225.67

Prescribed CSR expenditure 49,56,204.51
Amount CSR to be spent for financial year 49,56,205
Amount CSR spent for financial year 49,56,205
Amount unspent CSR 0
140
Disclosure of composition of CSR committee [Text Block]

The following directors were members of CSR Committee as at 31.03.2021:
1. Ms. Meenakshi Nevatia
2. Mr. Aman Rishi
3. Mr. Mark Joseph Leeder
141

Stryker FY21

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Stryker FY21

Uploaded by

Copyright:

Available Formats

Stryker India Pvt Ltd

Standalone Financial Statements for period 01/04/2020 to 31/03/2021

[400100] Disclosure of general information about company

Disclosure of principal product or services [Table] ..(1)

[400400] Disclosures - Directors report

Details of directors signing board report [Table] ..(1)

Particulars of holding, subsidiary and associate companies [Table] ..(1)

Unless otherwise specified, all monetary values are in INR

Details of statement indicating manner in which formal N o t

Date of board of directors' meeting in which board's report referred

Disclosure for companies covered under section 178(1) on N o t

Disclosure of statement on development and implementation of risk Textual information (15)

Provided under Board

There has been no

Disclosure of companies which have become or ceased to be its

Details of significant and material orders passed by

Textual information (1)

Auditors' qualification(s), reservation(s) adverse remark(s) in auditors' report

Textual information (2)

Auditors' qualification(s), reservation(s) adverse remark(s) in auditors' report

Textual information (3)

Auditors' qualification(s), reservation(s) adverse remark(s) in auditors' report

Textual information (4)

Directors' comment on auditors' qualification(s), reservation(s) adverse remark(s) in auditors' report

Textual information (5)

Directors' comment on auditors' qualification(s), reservation(s) adverse remark(s) in auditors' report

Textual information (6)

Directors' comment on auditors' qualification(s), reservation(s) adverse remark(s) in auditors' report

Textual information (7)

Disclosure in board of directors report explanatory [Text Block]

Stryker India Private Limited

C-5, 3rd Floor, SDA Commercial Complex,

New Delhi- 110016.

YEAR ENDED YEAR ENDED

PARTICULARS 31-03-2021 31-03-2020

Total Income 4,940,029,379 5,453,719,729

With reference to point no. (1) and (2)

Equipment and in the absence of necessary assessment by the Companys management, we

We report that the opening balance of inventory amounting to Rs. 2,375,750,844 as at 31

conducted during the previous year ended

INFORMATION REQUIRED UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE(PREVENTION, PROHIBITION

During the financial year, no complaint was received.

Number of Board Meetings attended Number of CSR Committee Meetings attended

Mr. Mervyn Brent Scott 3 N.A.

Mr. Mark Joseph Leeder 3 1

Ms. Meenakshi Nevatia

Mr. Aman Rishi 6 1

NUMBER OF COMMITTEE MEETINGS HELD:

MEMBERS OF CSR COMMITTEE AS ON DATE OF THIS REPORT:

The following directors were members of CSR Committee as at 31.03.2021:

1. Ms. Meenakshi Nevatia

2. Mr. Aman Rishi

3. Mr. Mark Joseph Leeder

COMPLIANCE WITH APPLICABLE SECRETARIAL STANDARDS:

APPLICATION UNDER IBC

APPRECIATIONS AND ACKNOWLEDGEMENT:

1. Brief outline on the CSR policy of the Company:

Outline of Companys CSR Policy:

Rural development projects;

Slum area development

Disaster management including relief, rehabilitation and reconstruction activities; and

CSR Policy as approved by Board is enclosed as Annexure I to this report.

2. Composition of CSR Committee: