variables

Mercado
1 Destino
2 Crecimiento Ind.
3 Precio mercado
4 Principal competidor
5 Especies camaron
6 Demanda mercado USA
7 Producto
8 Precio Venta FOB
9 CIF
10 FLETE

USA
400%
Tailandia
10 a 20
400 mil TM
3.00
3.50
0.50

Tecnicas
1 Ubicacin
2 producto
3
4
5 Proceso
6 costo variable
7 inversion Eq.
8 inversion capital T
9 Tasa sobrevivencia
10 Ciclo Produccion
11 Costo Fijo Produccion
12 gastos Admon
13 Hectareas 1 ao
14 Hectareas 2 ao al 10
15 Produccion Hectaria 1 Ao
Produccion Hectaria 2 Ao
Produccion Hectaria 3 Ao
Produccion Hectaria 4 Ao
Ao 5 al 10
16 Horizonte Tiempo
Capital
Capital
Capital
Capital
Capital

de
de
de
de
de

T.
T.
T.
T.
T.

ano
ano
ano
ano
ano

1
2
3
4
5

Cabo Grande
talla-41-50
descabezado
sin pelar
4 fases
1.45
4,950,000.00
450,000.00
60-80%
4 meses
50,000
200,000.00
750
900
1,225.0
1,470.0
1,715.0
1,960.0
2,205.0
10.0 aos
250,000.0
250,000.0
250,000.0
250,000.0
250,000.0

Financieras
1 isr
30.0%
2 Rendiminto esperado Inv.
19.0%
3 Tasa libre riesgo
6.0%
4 prima Riesgo Pais
6.0%
5 Prima riesgo Mercado
7.0%
6 Inflacion
7.0%
7 Deuda
50.0%
8 Capital
50.0%
9 tasa de Interes anual
10.0%
10 Plazo Prestamo
7 aos 2 de gracia
11 tasa de Interes mercado
14%
12 Minidevaluacion
0.05 anual
13 Restriccion de deuda
0.55 Maximo
Depreciaciones
Edificios
20.00 aos
estanques y canales
10.00 aos
Maq, y equipo
10.00 aos
Embarcaciones y Vehi
5.00 aos
12 Tipo de Cambio
1.00 por Dlar
Terreno

Abono
Abono
Abono
Abono
Abono

a
a
a
a
a

cpital
cpital
cpital
cpital
cpital

3
4
5
6
7

600,000.00
600,000.00
600,000.00
600,000.00
300,000.00

100,000.00
3,000,000.00
700,000.00
400,000.00
4,200,000.00
750,000.00
4,950,000.00

Fuentes de financiamoento y Costode Capital

Inverionista
Deuda

Inversion
Costo ISR
50% 2,700,000.00 19.0%
50% 2,700,000.00
10% 30%
5,400,000.00

CCPP
9.5%
3.5%
13.0%

Capital
1
2
3
4
5
6
7

0
0
600,000.00
600,000.00
600,000.00
600,000.00
300,000.00

Monto de Prestamo
Intereses
Total Flujo de Financiamiento

Intereses
saldo
270,000.00
270,000.00
270,000.00
210,000.00
150,000.00
90,000.00
30,000.00

2,700,000.00
2,700,000.00
2,100,000.00
1,500,000.00
900,000.00
300,000.00
-

ano 0
ano 1
ano 2
-2,700,000.00
0
0
270,000.00 270,000.00
-2,700,000.00 270,000.00 270,000.00

ano 3
ano 4
ano 5
ano 6
ano 7
600,000.00 600,000.00 600,000.00 600,000.00 300,000.00
270,000.00 210,000.00 150,000.00
90,000.00
30,000.00
870,000.00 810,000.00 750,000.00 690,000.00 330,000.00

calculo de los Ingresos

0
Ventas estimadas Libras
Precio Unitario USD
Ventas en Dolares
Mini-Devaluacion
Venta en Moneda Local

1
918,750
3.50
3,215,625.00
1.00
3,215,625.0

Costo Variable Unit Pesos

Costo Variable en M. Local

1.45
1,332,187.50

Costo Fijo Produccion

Gastos de Admon
Costos por Flete
Total Costos y Gastos

50,000
200000
459,375.00
2,041,562.50

Depreciaciones

455,000.00

Gran Total de Gastos

2,496,562.50

Utilidades Operativas

719,062.50

Gasto Financiero

270,000.00

Utilidades antes de Impuesto

449,063

ISR

134,719

Utilidad Neta

314,344

Utilidades Operativas
Depreciaciones
Impuestos
Flujo Operativo de Proyecto

719,062.50
455,000.00
134,719
1,039,343.75

inversion capital T
Recuperacion del Captal de T.
Valor de Rescate de los Activos
Inversion en Activo Fijo
Total Flujos del Proyecto

-450,000.00

-250000

-4950000
-5,400,000.00

789,343.75

TIR
VAN

28%
$5,397,537.16

(4,610,656.25)
1

Periodo de Recuperacion
Indice de Deseabilidad o rentabilidad

4 annos 15 dias
1.9995

Punto de Equilibrio Financiero

son aquellos flujos del proyecto del anno 1 al horiz

2
1,323,000
3.50
4,630,500.00

3
1,543,500
3.50
5,402,250.00

4
1,764,000
3.50
6,174,000.00

5
1,984,500
3.50
6,945,750.00

6
1,984,500
3.50
6,945,750.00

1.050
4,862,025.0

1.103
5,955,980.6

1.158
7,147,176.8

1.216
8,442,602.5

1.276
8,864,732.7

1.55
2,052,634.50

1.66
2,562,372.07

1.78
3,133,414.99

1.90
3,771,848.29

2.03
4,035,877.67

53,500.00
214,000.00
694,575.00
3,014,709.50

GASTOS FIJOS
57,245.00
61,252.15
228,980.00
245,008.60
850,854.38
1,021,025.25
3,699,451.44
4,460,700.99

65,539.80
262,159.20
1,206,086.08
5,305,633.37

70,127.59
280,510.35
1,266,390.38
5,652,905.98

455,000.00

455,000.00

455,000.00

455,000.00

375,000.00

3,469,709.50

4,154,451.44

4,915,700.99

5,760,633.37

6,027,905.98

1,392,315.50

1,801,529.18

2,231,475.76

2,681,969.17

2,836,826.68

270,000.00

270,000.00

210,000.00

150,000.00

90,000.00

1,122,316

1,531,529

2,021,476

2,531,969

2,746,827

336,695

459,459

606,443

759,591

824,048

785,621

1,072,070

1,415,033

1,772,378

1,922,779

1,392,315.50
455,000.00
336,695
1,510,620.85

1,801,529.18
455,000.00
459,459
1,797,070.43

2,231,475.76
455,000.00
606,443
2,080,033.04

2,681,969.17
455,000.00
759,591
2,377,378.42

2,836,826.68
375,000.00
824,048
2,387,778.68

-267500

1,243,120.85

-286225

1,510,845.43

-306261

1,773,772.29

-327699

2,049,679.42

2,387,778.68

(3,367,535.40)
2

(1,856,689.97)
3

(82,917.69)
4

(0.04)
-14.563432266

ecto del anno 1 al horizonte de vida que tenga el proyecto, que traidos al valor presente a la tasa del wacc son

7
1,984,500
3.50
6,945,750.00

8
1,984,500
3.50
6,945,750.00

9
1,984,500
3.50
6,945,750.00

10
1,984,500
3.50
6,945,750.00

1.340
9,307,969.3

1.407
9,773,367.8

1.477
10,262,036.1

1.551
10,775,138.0

2.18
4,318,389.11

2.33
4,620,676.34

2.49
4,944,123.69

2.67
5,290,212.35

75,036.52
300,146.07
1,329,709.90
6,023,281.59

80,289.07
321,156.30
1,396,195.39
6,418,317.11

85,909.31
343,637.24
1,466,005.16
6,839,675.40

91,922.96
367,691.84
1,539,305.42
7,289,132.57

375,000.00

375,000.00

375,000.00

375,000.00

6,398,281.59

6,793,317.11

7,214,675.40

7,664,132.57

2,909,687.70

2,980,050.65

3,047,360.75

3,111,005.39

2,879,688

2,980,051

3,047,361

3,111,005

863,906

894,015

914,208

933,302

2,015,781

2,086,035

2,133,153

2,177,704

2,909,687.70
375,000.00
863,906
2,420,781.39

2,980,050.65
375,000.00
894,015
2,461,035.46

3,047,360.75
375,000.00
914,208
2,508,152.53

3,111,005.39
375,000.00
933,302
2,552,703.77

30,000.00

1,887,684.75
2,150,000.00

2,420,781.39

2,461,035.46

2,508,152.53

6,590,388.52

la tasa del wacc son exactamente igual a la inversion inicial, resultando en un vpn igual a 0

Vida Util
0
5
5
10
10.00
10.00
20.00
10.00

Valor
750,000.00
300,000.00
100,000.00
3,000,000.00
200,000.00
450,000.00
100,000.00
50,000.00

V. de Rescate
1250000

4,950,000.00

2,300,000.00

Tasa Ganan. cAp

Terrenos
Precio de Venta
Valor en Libros
Ganancia de capital
Isr

10%
750000
1250000
750,000.00
500,000.00
50,000.00

Tasa Ganan. cAp

Estanques
Precio de Venta
Valor en Libros
Ganancia de capital
Isr

10%
1000000
1,000,000.00
100,000.00

1,000,000.00

50,000.00

Depreciaciones
Terrenos
Equipo de Transporte
Embarcaciones
Estanques y Canales
Equipo de planta
Equipo de Bombeo
Edificios
Mobiliario y Equipo

60,000.00
20,000.00
300,000.00
20,000.00
45,000.00
5,000.00
5,000.00

60,000.00
20,000.00
300,000.00
20,000.00
45,000.00
5,000.00
5,000.00

60,000.00
20,000.00
300,000.00
20,000.00
45,000.00
5,000.00
5,000.00

455,000.00

455,000.00

455,000.00

Tasa Ganan. cAp

Edificio
Precio de Venta
Valor en Libros
Ganancia de capital
Isr

10%
100,000.00
50,000.00
50,000.00
-

total Impuestos Ganancia de Cap

150,000.00

60,000.00
20,000.00
300,000.00
20,000.00
45,000.00
5,000.00
5,000.00

60,000.00
20,000.00
300,000.00
20,000.00
45,000.00
5,000.00
5,000.00

300,000.00
20,000.00
45,000.00
5,000.00
5,000.00

300,000.00
20,000.00
45,000.00
5,000.00
5,000.00

300,000.00
20,000.00
45,000.00
5,000.00
5,000.00

300,000.00
20,000.00
45,000.00
5,000.00
5,000.00

455,000.00

455,000.00

375,000.00

375,000.00

375,000.00

375,000.00

10

300,000.00
20,000.00
45,000.00
5,000.00
5,000.00

375,000.00

Valor en Libros
750,000.00
50,000.00
-