SULZER BROTHERS, WINTERTHUR, SWITZERLAND, ANNUAL REPORT 1951/52

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP83-00423R000200850001-5
• Release Decision: RIPPUB
• Original Classification: C
• Document Page Count: 2
• Document Creation Date: November 9, 2016
• Document Release Date: December 16, 1998
• Sequence Number: 1
• Publication Date: January 1, 1951
• Content Type: PERRPT

Approved For Release 199 l lAbP83 00423RV00
Subject: Sulzer Brothers, Winterthur, Switzerland, Annual
Report 1951/52
Scc ity Info atiof
1. "Swiss newspapers have published an extract from the annual report
1951/52 of Sulzer Brothers, which might interest our management and
from which I have picked out the following facts:
"They state that apparently the culminating point of prosperity has
already been overshot. However, the great amount of pending orders
is cushioning the effect of lesser demand.
"Incoming orders have reached an overall peak. Sulzer Companies
abroad have worked with excellent results:
Sulzer Paris (Compagnie de Construction Mecanique)
dividend
12%
Sulzer Brothers London
8%
Sulzer Heating (Paris)
12%J
Rice & Diethelm (Johannesburg) owned by Sulzer
7.5%
"Excellent results are reported from the Sulzer sales offices in
Madrid (Spain), Cairo (Egypt) and Rio de Janeiro (Brazil). Unsatis-
factory results are reported from Buenos Aires (A.r-entina) and Kobe
(Japan).
"Income from sale of manufactured products in the Winterthur Company
during the one year period 1951/52, was 29.9 4io. francs, 6.9 Mio. dol-
lars, against 25.4 Mio. francs in the previous year. Other incomes,
including the net profits of the foreign participations and sales offices,
as well as license royalties, have increased from 1.9 Mio. francs to 2.7
Mio. francs (.625 Mio. Dollars). Amortization was 8.36 Mio. francs, or
1.93 Mio. Dollars. (Total net profit is 7.75 :iio. francs (1.79 idio.
Dollars) and includes 2.38 Mio. francs report frori the previous year.
6.
"Balance sheet looks as follows:
Credits:
f rs
Dollars
Real estate and shops
10,000,000
2,310,000
Apartment houses
2,600,000
6oo,ooo
Machines and equipment
6,200,000
1,430,000
Tools
1
1
Stocks and manufacturing buildings
53, 662, 963
12,400,000
Down payments to subcontractors
11,868,532
2,740,000
Cash and other values
92,485,130
21,360,000
Payments due
25,743,258
5,950,000
Permanent participations
7,600,000
1,760,000
Total ........
210,158,884
48,550,001
Approved For Release 1999
SocuritY
tits a ~k a: x~v c?31 ~I atlrn fqr US Officials
n@~, is tille (tew "!A interest [It.
nation !!y= resrert.
W3-00423R000200850001A2g
 Approved For Release 199 EUADP83-00423R000200850001-
Security nformation 25X1 A2g
Debits:
frs.
Dollars
Share capital
4+0, 000, 000
9,250,000
Obligatory reserves
'ti, 700, 000
1,085,000
Special
reserves
7,000,000
1,636,000
Payments
for pending orders
116,632,157
26,950,000
mounts
due
35, 249,14i.o
8,150,000
Dividends
3,609,638
835,000
Report on account 1952/53
_._ 2~ 967, 650
685000
'total........... 210,158,885
48,550,000
Dividend is 91i`0 on the share capital, consequently on the same level
as in the previous years."
This a dva.+~rat,d iat~-;~~tion for U.S Utficisls Only is
PS{
C'To,, Nr~ :'.:r `o`;a,? of ~~or ar.i~~ts. It
doe
25X1A2g
Approved For Release I 99 AM P83-00423R000200850001-5
Security Info etjnn