1. Al 75 % de produccion de la capacidad de la maquinaria con un aumento del 2.

5% Anual
A. PRODUCTO AGUA
INGRESOS
AOS
PRECIO DE VENTA
UNIDADES A PRODUCIR
TOTAL INGRESOS PROYECTADO
RECUPERACION 60% AL CONTADO
RECUPERACION 40% PROXIMO PERIODO
INGRESO REAL POR AO

GASTOS DE MATERIA PRIMA

AO
BOTELLA PRECIO UNITARIO
UNIDADES
SUB TOTAL
ETIGUETA Y TAPON PRECIO UNITARIO
UNIDADES
SUB TOTAL
EMBALAJE
UNIDADES
SUB TOTAL
TOTALES GASTO MATERIA PRIMA
PAGOS 60% AL CONTADO
40% PROXIMO PERIODO
PAGO REAL POR AO

1
0.50
112500
56,250.00
33,750.00
33,750.00

1
0.2
112500
22,500.00
0.1000
112500
11,250.00
0.0500
112500
5,625.00
39,375.00
23,625.00
23,625.00

2
0.53
115313
61,115.63
36,669.38
22,500.00
59,169.38

3
0.56
118195
66,402.13
39,841.28
24,446.25
64,287.53

4
0.60
121150
72,145.91
43,287.55
26,560.85
69,848.40

2
0.21
115313
24,446.25
0.1060
115313
12,223.13
0.0530
115313
6,111.56
42,780.94
25,668.56
15,750.00
41,418.56

3
0.22
118195
26,560.85
0.1124
118195
13,280.43
0.0562
118195
6,640.21
46,481.49
27,888.89
17,112.38
45,001.27

4
0.24
121150
28,858.36
0.1191
121150
14,429.18
0.0596
121150
7,214.59
50,502.14
30,301.28
18,592.60
48,893.88

2
0.53
150000
79,500.00

3
0.56
150000
84,270.00

4
0.60
150000
89,326.20

2. Al 100 % de produccion de la capacidad de la Maquinaria

A. PRODUCTO AGUA
INGRESOS
AOS
PRECIO DE VENTA
UNIDADES A PRODUCIR
TOTAL INGRESO PROYECTADO

1
0.50
150000
75,000.00

GASTOS DE MATERIA PRIMA

AO
BOTELLA PRECIO UNITARIO
UNIDADES
SUB TOTAL
ETIGUETA Y TAPON PRECIO UNITARIO
UNIDADES
SUB TOTAL
EMBALAJE
UNIDADES
SUB TOTAL
TOTALES GASTO MATERIA PRIMA

1
0.2
150000
30,000.00
0.1000
150000
15,000.00
0.0500
150000
7,500.00
52,500.00

2
0.21
150000
31,800.00
0.1060
150000
15,900.00
0.0530
150000
7,950.00
55,650.00

3
0.22
150000
33,708.00
0.1124
150000
16,854.00
0.0562
150000
8,427.00
58,989.00

4
0.24
150000
35,730.48
0.1191
150000
17,865.24
0.0596
150000
8,932.62
62,528.34

% a cubrir del
mercado no
cubierto %Cobertura No cubierto
11%
25%
75%

5
0.63
124179
78,386.53
47,031.92
28,858.36
75,890.28

6
0.67
127283
85,166.97
51,100.18
31,354.61
82,454.79

7
0.71
130466
92,533.91
55,520.35
34,066.79
89,587.13

8
0.75
133727
100,538.09
60,322.86
37,013.56
97,336.42

9
0.80
137070
109,234.64
65,540.78
40,215.24
105,756.02

10
0.84
140497
118,683.43
71,210.06
43,693.86
114,903.92

5
0.25
124179
31,354.61
0.1262
124179
15,677.31
0.0631
124179
7,838.65
54,870.57
32,922.34
20,200.85
53,123.20

6
0.27
127283
34,066.79
0.1338
127283
17,033.39
0.0669
127283
8,516.70
59,616.88
35,770.13
21,948.23
57,718.35

7
0.28
130466
37,013.56
0.1419
130466
18,506.78
0.0709
130466
9,253.39
64,773.74
38,864.24
23,846.75
62,710.99

8
0.30
133727
40,215.24
0.1504
133727
20,107.62
0.0752
133727
10,053.81
70,376.66
42,226.00
25,909.49
68,135.49

9
0.32
137070
43,693.86
0.1594
137070
21,846.93
0.0797
137070
10,923.46
76,464.25
45,878.55
28,150.67
74,029.21

10
0.34
140497
47,473.37
0.1689
140497
23,736.69
0.0845
140497
11,868.34
83,078.40
49,847.04
30,585.70
80,432.74

5
0.63
150000
94,685.77

6
0.67
150000
100,366.92

7
0.71
150000
106,388.93

8
0.75
150000
112,772.27

9
0.80
150000
119,538.61

10
0.84
150000
126,710.92

5
0.25
150000
37,874.31
0.1262
150000
18,937.15
0.0631
150000
9,468.58
66,280.04

6
0.27
150000
40,146.77
0.1338
150000
20,073.38
0.0669
150000
10,036.69
70,256.84

7
0.28
150000
42,555.57
0.1419
150000
21,277.79
0.0709
150000
10,638.89
74,472.25

8
0.30
150000
45,108.91
0.1504
150000
22,554.45
0.0752
150000
11,277.23
78,940.59

9
0.32
150000
47,815.44
0.1594
150000
23,907.72
0.0797
150000
11,953.86
83,677.02

10
0.34
150000
50,684.37
0.1689
150000
25,342.18
0.0845
150000
12,671.09
88,697.65

B. PRODUCTO HIELO
INGRESOS
AOS
PRECIO DE VENTA
UNIDADES A PRODUCIR
TOTAL INGRESOS PROYECTADO
RECUPERACION 60% AL CONTADO
RECUPERACION 40% PROXIMO PERIODO
INGRESO REAL POR AO

GASTOS DE MATERIA PRIMA

AO
BOLSA COSTO UNITARIO
UNIDADES
SUB TOTAL
MECATE AMARRE C. UNITARIO
UNIDADES
SUB TOTAL
TOTALES GASTO MATERIA PRIMA
PAGOS 60% AL CONTADO
40% PROXIMO PERIODO
PAGO REAL POR AO

1
2.00
135000
270,000.00
162,000.00
162,000.00

1
0.15
135000
20,250.00
0.0200
135000
2,700.00
22,950.00
13,770.00
13,770.00

2
2.12
138375
293,355.00
176,013.00
108,000.00
284,013.00

3
2.25
141834
318,730.21
191,238.12
117,342.00
308,580.12

4
2.38
145380
346,300.37
207,780.22
127,492.08
335,272.31

5
2.52
149015
376,255.35
225,753.21
138,520.15
364,273.36

6
2.68
152740
408,801.44
245,280.86
150,502.14
395,783.01

7
2.84
156559
444,162.77
266,497.66
163,520.58
430,018.24

8
3.01
160473
482,582.84
289,549.71
177,665.11
467,214.81

9
3.19
164484
524,326.26
314,595.76
193,033.14
507,628.89

10
3.38
168597
569,680.48
341,808.29
209,730.50
551,538.79

2
0.16
138375
22,001.63
0.0212
138375
2,933.55
24,935.18
14,961.11
9,180.00
24,141.11

3
0.17
141834
23,904.77
0.0225
141834
3,187.30
27,092.07
16,255.24
9,974.07
26,229.31

4
0.18
145380
25,972.53
0.0238
145380
3,463.00
29,435.53
17,661.32
10,836.83
28,498.15

5
0.19
149015
28,219.15
0.0252
149015
3,762.55
31,981.70
19,189.02
11,774.21
30,963.24

6
0.20
152740
30,660.11
0.0268
152740
4,088.01
34,748.12
20,848.87
12,792.68
33,641.56

7
0.21
156559
33,312.21
0.0284
156559
4,441.63
37,753.84
22,652.30
13,899.25
36,551.55

8
0.23
160473
36,193.71
0.0301
160473
4,825.83
41,019.54
24,611.73
15,101.53
39,713.26

9
0.24
164484
39,324.47
0.0319
164484
5,243.26
44,567.73
26,740.64
16,407.82
43,148.46

10
0.25
168597
42,726.04
0.0338
168597
5,696.80
48,422.84
29,053.70
17,827.09
46,880.80

2
2.12
180000
381,600.00

3
2.25
180000
404,496.00

4
2.38
180000
428,765.76

5
2.52
180000
454,491.71

6
2.68
180000
481,761.21

7
2.84
180000
510,666.88

8
3.01
180000
541,306.89

9
3.19
180000
573,785.31

10
3.38
180000
608,212.43

2. Al 100 % de produccion de la capacidad de la Maquinaria

B. PRODUCTO HIELO
INGRESOS
AOS
PRECIO DE VENTA
UNIDADES A PRODUCIR
TOTAL INGRESO PROYECTADO
GASTOS DE MATERIA PRIMA

1
2.00
180000
360,000.00

AO
BOLSA COSTO UNITARIO
UNIDADES
SUB TOTAL
MECATE DE AMARRE C. UNITARIO
UNIDADES
SUB TOTAL
TOTALES GASTO MATERIA PRIMA

1
0.15
180000
27,000.00
0.0200
180000
3,600.00
30,600.00

2
0.16
180000
28,620.00
0.0212
180000
3,816.00
32,436.00

3
0.17
180000
30,337.20
0.0225
180000
4,044.96
34,382.16

4
0.18
180000
32,157.43
0.0238
180000
4,287.66
36,445.09

5
0.19
180000
34,086.88
0.0252
180000
4,544.92
38,631.79

6
0.20
180000
36,132.09
0.0268
180000
4,817.61
40,949.70

7
0.21
180000
38,300.02
0.0284
180000
5,106.67
43,406.68

8
0.23
180000
40,598.02
0.0301
180000
5,413.07
46,011.09

9
0.24
180000
43,033.90
0.0319
180000
5,737.85
48,771.75

10
0.25
180000
45,615.93
0.0338
180000
6,082.12
51,698.06

212682.38
36669.38
22500
108000
379851.76

Costos Indirectos
AOS
Costo de Distrbucin
Energa
Salarios
Costos Indirectos

DEPRECIACION
AOS
M HIELO
M AGUA
TOTAL DEPRECIACION

1
15,000.00
40,000.00
20,000.00
75,000.00

2
15,900.00
42,400.00
21,200.00
79,500.00

3
16,854.00
44,944.00
22,472.00
84,270.00

4
17,865.24
47,640.64
23,820.32
89,326.20

5
18,937.15
50,499.08
25,249.54
94,685.77

1
100,000.00
50,000.00
150,000.00

2
100,000.00
50,000.00
150,000.00

3
100,000.00
50,000.00
150,000.00

4
100,000.00
50,000.00
150,000.00

5
100,000.00
50,000.00
150,000.00

6
20,073.38
53,529.02
26,764.51
100,366.92

7
21,277.79
56,740.76
28,370.38
106,388.93

8
22,554.45
60,145.21
30,072.61
112,772.27

9
23,907.72
63,753.92
31,876.96
119,538.61

10
25,342.18
67,579.16
33,789.58
126,710.92

6
100,000.00
50,000.00
150,000.00

7
100,000.00
50,000.00
150,000.00

8
100,000.00
50,000.00
150,000.00

9
100,000.00
50,000.00
150,000.00

10
100,000.00
50,000.00
150,000.00

TABLA DE AMORTIZACION MAQUINARIA AGUA

Fecha

0
1
2
3
4
5
6
7
8
9
10

Pago

37,257
37,257
37,257
37,257
37,257
37,257
37,257
37,257
37,257
37,257
372,574

Inters sobre
el Saldo

20,000
18,619
17,128
15,518
13,779
11,901
9,872
7,681
5,315
2,760
122,574

Amortizacin

17,257
18,638
20,129
21,739
23,478
25,357
27,385
29,576
31,942
34,498
250,000

Saldo

250,000
232,743
214,105
193,976
172,236
148,758
123,401
96,016
66,440
34,498
0

TABLA DE AMORTIZACION MAQUINARIA HIELO

Fecha

0
1
2
3
4
5
6
7
8
9
10

Pago

74,515
74,515
74,515
74,515
74,515
74,515
74,515
74,515
74,515
74,515
745,147

Inters
sobre el
Saldo

40,000
37,239
34,257
31,036
27,558
23,801
19,744
15,363
10,630
5,520
245,147

Amortizacin

34,515
37,276
40,258
43,479
46,957
50,713
54,771
59,152
63,884
68,995
500,000

Saldo

500,000
465,485
428,209
387,951
344,473
297,516
246,802
192,032
132,880
68,995
0

Principal

Intereses

111,772.12
111,772.12
111,772.12
111,772.12
111,772.12
111,772.12
111,772.12
111,772.12
111,772.12
111,772.12

60,000.00
55,858.23
51,385.12
46,554.16
41,336.72
35,701.89
29,616.27
23,043.81
15,945.54
8,279.42

FLUJO DE CAJA ESCENARIO 1 CON EL 75% DE LA CAPACIDAD DE PRODUCCION UN AUMENTO ANUAL DE 2.5% Y CAPITAL DE
Aos
Ingreso Producto Agua
Ingreso Producto Hielo
Total Ingresos
Gastos
Costo de materia Prima Agua
Costo de materia Prima Hielo
Gastos Administrativos
Prestamo Bancario
Depreciacin
Total Gastos
Flujo Operativo
Impuesto
Flujo despues de Impuesto
Depreciacin
Flujo antes de Valor Terminal
CAPITAL DE TRABAJO
Valor Terminal
Inversin
FLUJO NETO
Tasa de descuento (WACC -Costo
ponderado de capital)
VAN
TIR (Tasa interna de retorno)

FLUJO DE CAJA ESCENARIO 2

Aos
Ingreso Producto Agua
Ingreso Producto Hielo
Total Ingresos
Gastos
Costo de materia Prima Agua
Costo de materia Prima Hielo
Gastos Indirectos
Prestamo Bancario
Depreciacin
Total Gastos
Flujo Operativo
Impuesto
Flujo despues de Impuesto

-1,500,000.00
-1,500,000.00

1
56,250.00
270,000.00
326,250.00

2
61,115.63
293,355.00
354,470.63

39,375.00
22,950.00
75,000.00
111,772.12
150,000.00
399,097.12
(72,847.12)

42,780.94
24,935.18
79,500.00
111,772.12
150,000.00
408,988.23
(54,517.60)

(72,847.12)
150,000.00
77,152.88
214,477.88

(54,517.60)
150,000.00
95,482.40
242,698.51

291,630.77

338,180.90

1
75,000.00
360,000.00
435,000.00

2
79,500.00
381,600.00
461,100.00

52,500.00
30,600.00
75,000.00
111,772.12
150,000.00
419,872.12
15,127.88
4,538.37
10,589.52

55,650.00
32,436.00
79,500.00
111,772.12
150,000.00
429,358.12
31,741.88
9,522.57
22,219.32

15%
C$ 923,650.47
27%

Depreciacin
Flujo antes de Valor Terminal
Valor Terminal
Inversin
FLUJO NETO
Tasa de descuento (WACC -Costo
ponderado de capital)
VAN
TIR (Tasa interna de retorno)

-1,500,000.00
-1,500,000.00

15%
(C$ 436,861.43)
8%

150,000.00
160,589.52

150,000.00
172,219.32

160,589.52

172,219.32

NTO ANUAL DE 2.5% Y CAPITAL DE TRABAJO

3
66,402.13
318,730.21
385,132.33

4
72,145.91
346,300.37
418,446.28

5
78,386.53
376,255.35
454,641.88

6
85,166.97
408,801.44
493,968.41

7
92,533.91
444,162.77
536,696.67

8
100,538.09
482,582.84
583,120.94

9
109,234.64
524,326.26
633,560.90

46,481.49
50,502.14
54,870.57
59,616.88
64,773.74
70,376.66
27,092.07
29,435.53
31,981.70
34,748.12
37,753.84
41,019.54
84,270.00
89,326.20
94,685.77 100,366.92 106,388.93 112,772.27
111,772.12 111,772.12 111,772.12 111,772.12 111,772.12 111,772.12
150,000.00 150,000.00 150,000.00 150,000.00 150,000.00 150,000.00
419,615.67 431,035.99 443,310.17 456,504.03 470,688.62 485,940.59
(34,483.34) (12,589.70) 11,331.72
37,464.37
66,008.05
97,180.34
3,399.52
11,239.31
19,802.42
29,154.10
(34,483.34) (12,589.70)
7,932.20
26,225.06
46,205.64
68,026.24
150,000.00 150,000.00 150,000.00 150,000.00 150,000.00 150,000.00
115,516.66 137,410.30 157,932.20 176,225.06 196,205.64 218,026.24
273,360.22 306,674.16 342,869.77 382,196.29 424,924.56 471,348.82

76,464.25
44,567.73
119,538.61
111,772.12
150,000.00
502,342.70
131,218.20
39,365.46
91,852.74
150,000.00
241,852.74
521,788.78

388,876.88

444,084.46

500,801.97

558,421.35

621,130.20

689,375.06

763,641.52

3
84,270.00
404,496.00
488,766.00

4
89,326.20
428,765.76
518,091.96

5
94,685.77
454,491.71
549,177.48

6
100,366.92
481,761.21
582,128.13

7
106,388.93
510,666.88
617,055.81

8
112,772.27
541,306.89
654,079.16

9
119,538.61
573,785.31
693,323.91

58,989.00
62,528.34
66,280.04
70,256.84
74,472.25
34,382.16
36,445.09
38,631.79
40,949.70
43,406.68
84,270.00
89,326.20
94,685.77 100,366.92 106,388.93
111,772.12 111,772.12 111,772.12 111,772.12 111,772.12
150,000.00 150,000.00 150,000.00 150,000.00 150,000.00
439,413.28 450,071.75 461,369.72 473,345.58 486,039.99
49,352.72
68,020.21
87,807.75 108,782.55 131,015.83
14,805.82
20,406.06
26,342.33
32,634.76
39,304.75
34,546.91
47,614.15
61,465.43
76,147.78
91,711.08

78,940.59
46,011.09
112,772.27
111,772.12
150,000.00
499,496.06
154,583.10
46,374.93
108,208.17

83,677.02
48,771.75
119,538.61
111,772.12
150,000.00
513,759.50
179,564.42
53,869.32
125,695.09

150,000.00 150,000.00 150,000.00 150,000.00 150,000.00 150,000.00 150,000.00

184,546.91 197,614.15 211,465.43 226,147.78 241,711.08 258,208.17 275,695.09

184,546.91

197,614.15

211,465.43

226,147.78

241,711.08

258,208.17

275,695.09

10
118,683.43
569,680.48
688,363.92
83,078.40
48,422.84
126,710.92
111,772.12
150,000.00
519,984.28
168,379.63
50,513.89
117,865.74
150,000.00
267,865.74
576,591.80
120,000.00
964,457.54

10
126,710.92
608,212.43
734,923.35
88,697.65
51,698.06
126,710.92
111,772.12
150,000.00
528,878.74
206,044.61
61,813.38
144,231.23

150,000.00
294,231.23
120,000.00
414,231.23

FLUJO DE CAJA ESCENARIO 1 CON EL 75% DE LA CAPACIDAD DE PRODUCCION UN AUMENTO ANUAL DE 2.5%
Aos
1
2
3
Ingreso Producto Agua
56,250.00
61,115.63
66,402.13
Ingreso Producto Hielo
270,000.00 293,355.00 318,730.21
Total Ingresos
326,250.00 354,470.63 385,132.33
Al Contado
195,750.00 212,682.38 231,079.40
Al credito
130,500.00 141,788.25
TOTAL INGRESOS
195,750.00 343,182.38 372,867.65
Gastos
Costo de materia Prima Agua
39,375.00
42,780.94
46,481.49
Costo de materia Prima Hielo
22,950.00
24,935.18
27,092.07
Gastos Administrativos
75,000.00
79,500.00
84,270.00
Prestamo Bancario
111,772.12 111,772.12 111,772.12
Depreciacin
150,000.00 150,000.00 150,000.00
Total Gastos
399,097.12 408,988.23 419,615.67
Flujo Operativo
(203,347.12) (65,805.85) (46,748.02)
Impuesto
Flujo despues de Impuesto
(203,347.12) (65,805.85) (46,748.02)
Depreciacin
150,000.00 150,000.00 150,000.00
Flujo antes de Valor Terminal
-53,347.12
84,194.15 103,251.98
CAPITAL DE TRABAJO
-53,347.12
84,194.15 103,251.98
Valor Terminal
Inversin
-1,500,000.00
FLUJO NETO
-1,500,000.00 -106,694.23 168,388.29 206,503.96
Tasa de descuento (WACC -Costo
ponderado de capital)
VAN
TIR (Tasa interna de retorno)

15%
(C$ 305,983.13)
11%

TO ANUAL DE 2.5%
4
72,145.91
346,300.37
418,446.28
251,067.77
154,052.93
405,120.70

8
100,538.09
482,582.84
583,120.94
349,872.56
214,678.67
564,551.23

9
109,234.64
524,326.26
633,560.90
380,136.54
233,248.37
613,384.91

10
118,683.43
569,680.48
688,363.92
413,018.35
253,424.36
666,442.71

50,502.14
54,870.57
59,616.88
64,773.74
70,376.66
29,435.53
31,981.70
34,748.12
37,753.84
41,019.54
89,326.20
94,685.77 100,366.92 106,388.93 112,772.27
111,772.12 111,772.12 111,772.12 111,772.12 111,772.12
150,000.00 150,000.00 150,000.00 150,000.00 150,000.00
431,035.99 443,310.17 456,504.03 470,688.62 485,940.59
(25,915.28)
(3,146.52) 21,733.76
48,916.75
78,610.64
6,520.13
14,675.02
23,583.19
(25,915.28)
(3,146.52) 15,213.63
34,241.72
55,027.45
150,000.00 150,000.00 150,000.00 150,000.00 150,000.00
124,084.72 146,853.48 165,213.63 184,241.72 205,027.45
124,084.72 146,853.48 171,733.76 198,916.75 228,610.64

76,464.25
44,567.73
119,538.61
111,772.12
150,000.00
502,342.70
111,042.21
33,312.66
77,729.55
150,000.00
227,729.55
261,042.21

83,078.40
48,422.84
126,710.92
111,772.12
150,000.00
519,984.28
146,458.43
43,937.53
102,520.90
150,000.00
252,520.90
296,458.43
120,000.00

488,771.76

668,979.32

248,169.43

5
78,386.53
376,255.35
454,641.88
272,785.13
167,378.51
440,163.64

293,706.95

6
85,166.97
408,801.44
493,968.41
296,381.04
181,856.75
478,237.80

336,947.40

7
92,533.91
444,162.77
536,696.67
322,018.00
197,587.36
519,605.37

383,158.47

433,638.09

75% al Contado yn un 25% al credito