Document rxqwJpGRKbM4M4MBbvZK0Gp3a

Annual Report 1952 0007-SWP-034807 N21747 Th k Sh e r w in -Wil l ia ms Co . . . arauest. Tt dm SttHukkrr. Wt praaaot hanwifa faa ConelidUtad Tlrlaivt Shaat aad r--.K. dated lacaaw aad Saiplaa acnaate of Hm SbanritoWaiiaai Ca> W lor fat Steal jaar aadad Aagvit SL 1942. Tha aamiagi Wm Federal Parana Tas aad peaeiaaa far tba Pam Flu an 919AM,10734. Tha aaaoat atiartd far Fadaral lacaaw aad Eictai Prafata Tas ia973743MJfc FW fat Pmaiam Tin SUO&OOO la faaaa at aaide faia pear. Tha fiaal raaanlidated at aataiaga alter all dadwtinaa m MIMB.4S. Thau oat aanoapa, alter aHnwiag Car Praia tad Dfaifaada an agarealaat to f7.U par ahan aa faa praaaat aatateaiHag UP7JH J_H_V--I _MEj mW---B----H--- itM__Ci-I* Salaa nan larger faaa aay prariau pear la tha Catopagy'e teataty aad wratdid fane of laat yaarfar 13%. Trade ulto that * ralw Tha gut fa (tea naia part at faa l*npat/i bafaai fa mpnaaihla far tha oraraM iaeraato mar laotjaar aad helped toeAatadadfato la aehtoa ia Ifaa (adattefal laid m a8 ia tha Pignut aad Chanfaal DMtien The drop h fwdacfaa dlilaililal iteaa each aa aato> n riiair%^toa^^aSdr?iTtodBtodidaBiwarfcttedhajrldhhfadaa! Tha ateal atrihe aad afaer atriltM caatriWtod to this to aaato asteat bat. to fa mil hue*. faaaa wm a caaaidanfala lirtoalag te faa bapiag of than ptodacte hr ------------- fareagfaeat faa eoutry. Kafanteg to faa Fl^aat aad Chenical DMnu which aalk prian. tStebwhMM dacfiaa aa aaeaaal at radawd aalaa Oa faa ether haad. faa pSfa dmaadfarlafafatohrfaahaatoaaeaadadhyfarallprariatoiaBardai 0007--SWP-034808 0007-SWP-000116228 This tnliM particularly to two of oar products, namoly, Supor Kam-Toao and KmCIs. Sopor Ko o h To m boo tho Itqwt occoptaoco of aar wail petal oa As marbst, aad Kaot-Gb likewise ia to* laadar ia its Sold aa too higbaet quality aaaaal far kitcbaaa. bathrooms aad woodwork Expaoditoraa far plant wan aaada doting tbs poor to iacraoao aad improve tbs Company's production facilities tkroogbewt its varisos latatioa. No project of major importance ia bo w contarnplated. Ia To m of this jau tbs Company sold aa idiBrtimil H9M.OOO of ite Profaned Stack to a small group of baaba aad iaaaranci con. panics Tbaa brings tba Cnmpony's Ptafcttad Stech op to IIUNiM aa shown am tba halaara abort; wbicb waa tba amount tbs r--p--y oocs bad oatatanding isma years ago. laaamacb aa tbs Frsfaiisd Stock agmsmaat required aa aaaaal fodrapticn of 3% of the larpast aaaoont it oocs had pcsrimialy ooMsadtag, MMJHO baa baaa railed aaeb jaar 0nr moss tbaa. Far the isms naaaa ao iacranca ia this aaaaal redemption ia asoasaiy- A ndactfaq of appnsbaatdy IMMMqaOS was mods to tbs Can. pony's iaroatoriai ones a year ago. This, tngatbar with tbs M.99mOO asw capital tbean^ ash of Frafcnsd Stock, baa taaoltad to bniliEag As Company's caab positiam to mjVfJOU. which ia abeat StIOOl OM to ssena of all its liabiktiaa. Tba maaspimwit sapeamaa Its appmdorian to too oiyalssttim fas tos Ispal aad cttmsnt alerts toot ban mods tbmpoor'sresults pcaribla. Auddmf 0007-SWP-034809 0007-SWP-000116229 CONSOLIDATED PROFIT AXD LOSS AND SURPLUS THE SHERWIX-WTLLIAMS COMPANY AND CONSOLIDATED SUBSIDIARIES Ywr EM Amgmt II. 19S3 nORTANDUM PnM tmmmmmtimm hr Ih maU Af--t rti'tiaaaai atW MacSHTuTunl taaaTaa ........................................................ AIAAMJj M OOtlwir i H4J3I.M BWah ntriaal M.afhl atrck rf nnait- liMaWiinr-teA... UltflU mmjy tnott aiawr.a H470.MI.U IMjahW#*................................... Mf ;**?.* >-- * * ^mShaiThTWHilaiiili Kml hi -- w ~ * srrnenr................. .. ................. a w id cornua th-ai1iHMfcirl.ua.............................. Aii ah frail ha tfca--r......................................... rjih.'4wh jahwiWuMar UmNLM HUMUI MlAOM-ti til----ft .. I CRAMP tyarAna........ itflUMI MUMCtf PlaH--aapiHiiHihAiai--ai.."*...r.'..' X*.7tM Humnj MT.Wtfi ia' r'ti^nJ?L7S2 rMgffllSrBSJttSfc 0007-SWP-034810 0007-SWP-000116230 C O N SO LID ATED BALAN C E SHEET AUDITORS* CERTIFICATE Board at Diroctora Tho fflanda WlBiau* Coupaay, CWnlniOUa Wa Wat nuaward tha rnaantditad Ulaoea ibaat ofTfco Sfcrwia WiBiaua Cnupiay ad coaialidotad uWdbiiu at Anfaat SI, IMS, oad Ik roktod atatauaita at wuilMiik grrfl out loot oat --f*-- *-- *-J-- < -- mmJmJ ft-^`-.1!-!. lofthai ia ik i putt out lau oad auplaa prauat fafcfer At maanliiitud faoackl podtka at Dw Sfcuwia W31i-- Cupagy aid coaaeUdatad mbliiHuiu at Aagaat SI, 1M, aad da rnaanllHatad Malta at lUi apaiadnaa far Ik jmm faa uU, la eafaiaHy itk fuanUtf captad accourikc prkripka apflkd uakfa Mtat wiA that of far mo h Ib v mu OKST ft ZBNST Ckaakad, OUa Octakarl&UB 0007-SWP-034812 0007-SWP-000116232 Th e SHERWIN-WILLIAMS Co. tw Am. y. w. Mbiw cfa^wow Mttmjtcbtnrt tf fate. Viniiba Un State baste tsw tte Mte Pte Cktek Litepnb Ukaq* Liate 00. Du CUte Cm* JhUHmU Hakkate Okia-Oaklate Cal BaaaS State H. I. (Mb .UtAapla-C<Mk Km. k .;. laiom C l> BATON 6MQ0B OtfMI C.P.JA1MV A A.K0B CUtlNimY a w. inmiww LHitfattiaan a. t.tmm BPVWmOR flHUVHM Im V* VQUVff Ite^p.^pwk ( MKT. IteTteKY " 0007-SWP-034813 0007-SWP-000116233 0007-SW*"03414 0007-SWP-000116234