PROYECTO DE IMPLANTACIN DE UNA PLANTA DE

REVESTIMIENTO.
I.

ESTUDIO DE MERCADO.
1.1. Descripcin del sistema de produccin
- El negocio que va a producir revestimiento para pisos y pared.
- El producto que se vender en cajas de 1.5 m2 de revestimiento, con diferentes
diseos.

1.2. rea de mercado

- El rea de mercado, para comercializar nuestro producto, ser a nivel de Lima y
callao.
1.3. Sistema de comercializacin
- El producto se vender en caja de 1.5 m2 con planchas de 30x30 cm.
1.4. Evolucin del precio
Se muestra la evolucin de los precios segn la data histrica, por lo tanto se adoptara
el precio del ltimo periodo S/.20.00 X Cj.
Tabla 1.
Tabla de precios
Ao
2013
2012
2011
2010
2009
2008

Precio x m2
20
19.9
19.8
19.7
19.6
19.5

1.5. Comportamiento de la demanda.

La demanda ha sido creciente durante los ltimos aos debido al crecimiento
econmico del sector construccin e inmobiliario.

Demanda X

Mes

m2

Enero
Febrero
Marzo
Abril
Mayo
Junio
Julio
Agosto
Septiembre
Octubre
Noviembre
Diciembre
Total

Demanda x
Cj/1.5m2
286667
280000
246667
243333
244667
240000
243333
243333
243667
233333
240000
243333

430000
420000
370000
365000
367000
360000
365000
365000
365500
350000
360000
365000
4482500

2988333

1.6. Comportamiento de la Oferta.

- Las principales empresas que ofertan este producto son el Grupo Celima Trbol y
San Lorenzo.
- Nuestros productos se vendern a travs de distribuidores autorizados.
- Se ofrecern el servicio de diseo personalizado sobre los revestimientos.
1.7. Necesidad de instalacin de revestimiento
Si es necesario, por la gran demanda que ocasiona el boom de la construccin.
II.

LOCALIZACIN DE LA EMPRESA
Factores locacionales
Lima - Lurn
Anlisis de alternativas.
Tabla 2.

Distrito

$ Precio (m2)

Distancia a Lima
(distancia km)

Mala

200

93

Lurn

200

47

Chilca

200

300

Determinacin del sitio especifico

De acuerdo al anlisis correspondiente, el sitio especfico ms viable est en el
distrito de Lurn.

Lurn

III.

TAMAO DE LA EMPRESA
Determinacin del tamao en funcin a: produccin, insumos, inversin y planta fsica.
Se tiene una planta instalada con capacidad mxima de 200000 m2 al mes o su
equivalente a 2400,000 cajas por ao. El costo de la planta es aproximada de
S/.30000,000.00 nuevos soles. El cual tiene una vida econmica de 10 aos.

Demanda proyectada
Ao
Unidad
1
S/. 2,988,333
2
S/. 3,200,000
3
S/. 4,100,000
4
S/. 5,100,000

Planta
Tipo I
Tipo II

Capacidad
Instalada
Prod Cj/Ao
S/. 2,400,000
S/. 5,000,000

costo fijo/Und
S/. 4
S/. 3

Costos
Costo
variable/Und
S/. 9
S/. 10

costo fijo
S/. 9,600,000
S/. 15,000,000

Evaluacin de costos por Planta

Planta I

Planta II

Ao
1
2
3

Produccin
S/. 2,400,000
S/. 2,400,000
S/. 2,400,000

Costo Fijo
S/. 9,600,000
S/. 9,600,000
S/. 9,600,000

Costo Variable
S/. 21,600,000
S/. 21,600,000
S/. 21,600,000

Costo Total
S/. 31,200,000
S/. 31,200,000
S/. 31,200,000

Venta
S/. 48,000,000
S/. 48,000,000
S/. 48,000,000

4
1
2
3

S/. 2,400,000
S/. 2,988,333
S/. 3,200,000
S/. 4,100,000

S/. 9,600,000
S/. 15,000,000
S/. 15,000,000
S/. 15,000,000

S/. 21,600,000
S/. 29,883,330
S/. 32,000,000
S/. 41,000,000

S/. 31,200,000
S/. 44,883,330
S/. 47,000,000
S/. 56,000,000

S/. 48,000,000
S/. 59,766,660
S/. 64,000,000
S/. 82,000,000

S/. 5,000,000

S/. 15,000,000

S/. 50,000,000

S/. 65,000,000

S/. 100,000,000

Criterio
Costo Unit
Vent /Costo

Planta I
13
1.54

Planta II
S/. 13.92
S/. 1.44

Por tanto para nuestro proyecto conviene implementar la Planta Tipo I

IV.

ORGANIZACIN
El organigrama de la empresa es el siguiente.

Descripcin de las funciones.

Junta Directiva.- Es el mximo responsable de la obtencin de resultados
razonables para los asociados. A su vez est encargada de prevenir los
conflictos y equilibrar los intereses de los distintos grupos.
Gerencia General.- Es el responsable final del desempeo y acciones de la
organizacin y la eficiencia en el uso del capital es de suma importancia.

V.

Auditoria Externa.- Su funcin es la examinar la informacin financiera y

atestiguar la credibilidad. Es nombrada para dictaminar independientemente
sobre los estados financieros.
Gerencia Comercial.- Dentro de sus funciones esta revisar la base de datos de
los clientes de la empresa, as como el mercado local minorista, para
determinar la demanda de productos. El gerente comercial tambien debe
encarcargarse de la publicidad y promociones para a traer clientes a la
empresa.
Equipo de venta al mayoreo.- Representan a la empresa frente a grandes
clientes como constructoras y distribuidores.

Tiendas de venta al detalle.- Son los encargado de atender a los clientes que
realizan compras al detalle

Gerencia de operaciones.- Responsable de organizar, supervisar y coordinar

las operaciones administrativas. As mismo coordina que todo el trabajo se
ejecute de la mejor manera.

Departamento de logstica.- Sus funciones bsicas estarn orientadas porque a

lo largo de la cadena de abastecimiento los procesos se ejecuten con la mayor
eficiencia y eficacia, para que los productos lleguen al consumidor final.

Gerencia de finanzas.- Es la que suministra la informacin financiera contable,

importante para la toma de decisiones, y todas las acciones administrativas
como persona jurdica que se deba realizar.

INGENIERIA DE PROYECTO
Diseo de rea fsica del negocio.

Diseo de proceso

1. El proceso se inicia con la seleccin de materias primas principalmente arcillas,

feldespatos, arenas, etc.
2. La molienda y granulacin se realizan en plantas de alta tecnologa y eficiencia.
3. Conformacin del cuerpo prensado sobre el cul se aplicaran los esmaltes.
4. Secado llevado a cabo en secadores horizontales con aire caliente.
5. Esmaltado y decorado, con equipos de ltima generacin que nos permiten
obtener diseos naturales.
6. Coccin en horno de rodillos a gas natural que garantiza obtener las mejores
propiedades del producto.
7. Seleccin con personal preparado y criterios basados en estndares
internacionales.
8. Encajado y empaletado, totalmente automatizado.
9. Un sistema de CONTROL DE CALIDAD aplicado en todas las etapas del proceso
cermico.

Requerimiento de materiales, equipos e instalaciones.

Terreno
Construcciones
Instalaciones
Maquinaria
Equipo
Estudio de proyecto
Servicio de ingeniera
Entrenamiento de personal
Puesta en marcha
Organizacin de la empresa
Imprevistos 15 % de construcciones,
maquinaria y equipos

S/. 1,000,000.00
S/. 600,000.00
S/. 50,000.00
S/. 30,000,000.00
S/. 500,000.00
S/. 20,000.00
S/. 40,000.00
S/. 10,000.00
S/. 30,000.00
S/. 10,000.00

Programa de ejecucin del proyecto.

RUBROS
Terreno
Construcciones
Instalaciones
Maquinaria y equipos
Servicio de ingeniera
Entrenamiento de personal
Puesta en marcha
Organizacin de la empresa

1 er.
90

30
10

Trimestre (%)
2 er.
3 er.
10
70
30
20
80
60
10
30
60
40
60
90

Costos de fabricacin
Los costos anuales de fabricacin trabajando a su plena capacidad ser:
Sueldos y salarios
Materia Prima directa
Combustible y Lubricantes
Energa
Depreciacin
Seguro
Otros costos variables

S/. 1,440,000.00
S/. 12,000,000.00
S/. 200,000.00
S/. 800,000.00
S/. 2,500,000.00
S/. 300,000.00
S/. 200,000.00

Nota: El 60% de rubro sueldos y salarios no depender de la produccin

4 er.

100
10

COSTOS DE FABRICACIN
RUBRO
FIJO
VARIABLE
Sueldos y salarios
S/. 864,000.00
S/. 576,000.00
Materia Prima directa
S/. 12,000,000.00
Combustible y Lubricant.
S/. 200,000.00
Energa
S/. 800,000.00
Depreciacin
S/. 2,500,000.00
Seguro
S/. 300,000.00
Otros costos variables
S/. 200,000.00
TOTAL

Ao
1er ao
2do ao
3er ao
4to ao
5to ao
6to ao
7mo ao
8vo ao
9no ao
10mo ao

S/. 3,664,000.00 S/. 13,776,000.00

Produccin
%
Cantidad
60
960000
80
1280000
100
1600000
100
1600000
100
1600000
100
1600000
100
1600000
100
1600000
100
1600000
100
1600000

G.Adm y Vent
S/. 380,000
S/. 420,000
S/. 550,000
S/. 550,000
S/. 550,000
S/. 550,000
S/. 550,000
S/. 550,000
S/. 550,000
S/. 550,000

Venta
S/. 19,200,000
S/. 25,600,000
S/. 32,000,000
S/. 32,000,000
S/. 32,000,000
S/. 32,000,000
S/. 32,000,000
S/. 32,000,000
S/. 32,000,000
S/. 32,000,000

G. Operacin
G. Financieros
S/. 2,500,000
S/. 2,424,819
S/. 2,330,842
S/. 2,213,371
S/. 2,066,532
S/. 1,882,984
S/. 1,653,548
S/. 1,366,754
S/. 1,008,261
S/. 560,145

TOTAL
S/. 1,440,000.00
S/. 12,000,000.00
S/. 200,000.00
S/. 800,000.00
S/. 2,500,000.00
S/. 300,000.00
S/. 200,000.00
S/. 17,440,000.00

Fijo
S/. 3,664,000
S/. 3,664,000
S/. 3,664,000
S/. 3,664,000
S/. 3,664,000
S/. 3,664,000
S/. 3,664,000
S/. 3,664,000
S/. 3,664,000
S/. 3,664,000

C. Fabricacin
Variable
S/. 8,265,600
S/. 11,020,800
S/. 13,776,000
S/. 13,776,000
S/. 13,776,000
S/. 13,776,000
S/. 13,776,000
S/. 13,776,000
S/. 13,776,000
S/. 13,776,000

Total
S/. 11,929,600
S/. 14,684,800
S/. 17,440,000
S/. 17,440,000
S/. 17,440,000
S/. 17,440,000
S/. 17,440,000
S/. 17,440,000
S/. 17,440,000
S/. 17,440,000

Total
S/. 2,880,000
S/. 2,844,819
S/. 2,880,842
S/. 2,763,371
S/. 2,616,532
S/. 2,432,984
S/. 2,203,548
S/. 1,916,754
S/. 1,558,261
S/. 1,110,145

Programa de produccin.
El 1er ao se producir empleando el 60 % de la capacidad instalada, en el 2 do
ao el 80% a partir del 3er ao se trabajara a su plena capacidad. A su capacidad
mxima instalada producir 200,000 m2 mensual, 2400, 000 m2/ao y 1600,000
cj/ao.

Vida econmica del proyecto

- De equipos y maquinas: 10 aos
- De construccin e instalaciones 15 aos

VI.

INVERSIONES
Composicin de la inversin
Terreno
Construcciones
Instalaciones
Maquinaria
Equipo
Estudio de proyecto
Servicio de ingeniera
Entrenamiento de personal
Puesta en marcha
Organizacin de la empresa
Imprevistos 15 % de construcciones,
maquinaria y equipos

S/. 1,000,000.00
S/. 600,000.00
S/. 50,000.00
S/. 30,000,000.00
S/. 500,000.00
S/. 20,000.00
S/. 40,000.00
S/. 10,000.00
S/. 30,000.00
S/. 10,000.00

Capital de trabajo
Se requiere para iniciar el financiamiento de la empresa, para los 2 meses de
materiales y 2 meses de mano de obra, una caja para imprevistos de S/. 10,000.00

Sueldos y salarios
Materia Prima directa
Combustible y Lubricantes
Caja

Trabajando al 100%
Trabajando al 60%
Clculo de KW
Total
Fijo
Variable
Total
Fijo
Variable
S/. 1,440,000.00 S/. 864,000.00 S/. 576,000.00 S/. 1,209,600.00
S/. 864,000.00 S/. 345,600.00 S/. 201,600.00
S/. 12,000,000.00
S/. 12,000,000.00 S/. 7,200,000.00
S/. 7,200,000.00 S/. 1,200,000.00
S/. 200,000.00
S/. 200,000.00 S/. 120,000.00
S/. 120,000.00
S/. 20,000.00
.
S/. 10,000.00
Capital de trabajo
S/. 1,431,600.00

Cuadro de inversin

N
I

II

III

IV
V

Estructura
Monto
Partida
1
Obras Civiles
S/. 1,650,000.00 S/. 900,000.00
Terreno
S/. 1,000,000.00 S/. 900,000.00
Contruccin
S/. 600,000.00
Instalacin
S/. 50,000.00
Maquina y Equipos
S/. 30,500,000.00 S/. 9,150,000.00
Maquina
S/. 30,000,000.00 S/. 9,000,000.00
Equipo
S/. 500,000.00 S/. 150,000.00
Otros Gastos
S/. 2,610,000.00 S/. 24,000.00
Estudio del proyecto
S/. 20,000.00
S/. 20,000.00
Servicio de ingenieria
S/. 40,000.00
S/. 4,000.00
Entrenamiento de personal
S/. 10,000.00
Puesta en marcha
S/. 30,000.00
Organizacin de la empresa
S/. 10,000.00
Intereses
S/. 2,500,000.00
Imprevistos 15% (obras civil, Maq y equip) S/. 4,822,500.00 S/. 1,507,500.00
Capital de trabajo
S/. 1,431,600.00
INVERSION TOTAL REQUERIDA

VII.

Cronograma (por trimestres)

2
3
4
5
S/. 530,000.00 S/. 220,000.00
S/. 0.00
S/. 100,000.00
S/. 420,000.00 S/. 180,000.00
S/. 10,000.00
S/. 40,000.00
S/. 18,300,000.00 S/. 3,050,000.00
S/. 0.00
S/. 18,000,000.00 S/. 3,000,000.00
S/. 300,000.00 S/. 50,000.00
S/. 16,000.00
S/. 39,000.00 S/. 2,531,000.00
S/. 12,000.00
S/. 24,000.00
S/. 4,000.00
S/. 6,000.00
S/. 30,000.00
S/. 9,000.00
S/. 1,000.00
S/. 2,500,000.00
S/. 2,824,500.00 S/. 490,500.00
S/. 0.00
S/. 1,431,600.00

S/. 41,014,100.00 S/. 11,581,500.00 S/. 21,670,500.00 S/. 3,799,500.00 S/. 2,531,000.00 S/. 1,431,600.00

FINANCIAMIENTO.
Prstamo.
Parte del monto total de inversin ser financiado con prstamos al 25 % de inters
anual, amortizable en 10 aos periodo de gracia 1 ao, el monto del prestamos es de
S/. 10,000,000.00 y se pagara en cuotas fijas.

Periodos
Periodo Gracia
1 ao
2 ao
3 ao
4 ao
5 ao
6 ao
7 ao
8 ao
9 ao
10 ao

Saldo
S/. 10,000,000
S/. 9,699,274
S/. 9,323,367
S/. 8,853,484
S/. 8,266,129
S/. 7,531,935
S/. 6,614,194
S/. 5,467,016
S/. 4,033,045
S/. 2,240,580
S/. 0

Amortizacin
S/. 300,726
S/. 375,907
S/. 469,884
S/. 587,355
S/. 734,193
S/. 917,742
S/. 1,147,177
S/. 1,433,972
S/. 1,792,464
S/. 2,240,580

Inters
S/. 2,500,000
S/. 2,500,000
S/. 2,424,819
S/. 2,330,842
S/. 2,213,371
S/. 2,066,532
S/. 1,882,984
S/. 1,653,548
S/. 1,366,754
S/. 1,008,261
S/. 560,145

Cuota
S/. 2,500,000
S/. 2,800,726
S/. 2,800,726
S/. 2,800,726
S/. 2,800,726
S/. 2,800,726
S/. 2,800,726
S/. 2,800,726
S/. 2,800,726
S/. 2,800,726
S/. 2,800,726

VIII.

PRESUPUESTO.
ESTADO DE GANANCIA Y PRDIDA

RUBRO
Venta
Costo de fabricacin
Utilidad Bruta
Gastos de operacin
Utilidad Imponible
Intereses 18%
Utilidad neta

1 er Ao
2 er Ao
S/. 19,200,000 S/. 25,600,000
S/. 11,929,600 S/. 14,684,800
S/. 7,270,400 S/. 10,915,200
S/. 2,880,000 S/. 2,844,819
S/. 4,390,400 S/. 8,070,381
S/. 790,272
S/. 1,452,669
S/. 3,600,128 S/. 6,617,713

3 er Ao
S/. 32,000,000
S/. 17,440,000
S/. 14,560,000
S/. 2,880,842
S/. 11,679,158
S/. 2,102,248
S/. 9,576,910

4 er Ao
S/. 32,000,000
S/. 17,440,000
S/. 14,560,000
S/. 2,763,371
S/. 11,796,629
S/. 2,123,393
S/. 9,673,236

5 er Ao
S/. 32,000,000
S/. 17,440,000
S/. 14,560,000
S/. 2,616,532
S/. 11,943,468
S/. 2,149,824
S/. 9,793,644

RUBRO
Venta
Costo de fabricacin
Utilidad Bruta
Gastos de operacin
Utilidad Imponible
Intereses 18%
Utilidad neta

6 er Ao
S/. 32,000,000
S/. 17,440,000
S/. 14,560,000
S/. 2,432,984
S/. 12,127,016
S/. 2,182,863
S/. 9,944,153

8 er Ao
S/. 32,000,000
S/. 17,440,000
S/. 14,560,000
S/. 1,916,754
S/. 12,643,246
S/. 2,275,784
S/. 10,367,462

9 er Ao
S/. 32,000,000
S/. 17,440,000
S/. 14,560,000
S/. 1,558,261
S/. 13,001,739
S/. 2,340,313
S/. 10,661,426

10 er Ao
S/. 32,000,000
S/. 17,440,000
S/. 14,560,000
S/. 1,110,145
S/. 13,449,855
S/. 2,420,974
S/. 11,028,881

IX.

7 er Ao
S/. 32,000,000
S/. 17,440,000
S/. 14,560,000
S/. 2,203,548
S/. 12,356,452
S/. 2,224,161
S/. 10,132,290

EVALUACIN DEL PROYECTO

EVALUACION ECONMICA DEL PROYECTO

Calculo de depreciacin
Depreciacin de Maq y Equip
A 10 aos
Depreciacin de construccin
A 15 aos

S/. 2,745,000.00

Depreciacin anual

S/. 2,784,000.00

Valor residual

S/. 39,000.00

S/. 4,115,000.00

Costo Fabric.
Depreciacin
+
G. Adm y Venta
C.Total

1er ao
S/. 11,929,600
S/. 2,784,000
S/. 9,145,600
S/. 380,000
S/. 9,525,600

2do ao
S/. 14,684,800
S/. 2,784,000
S/. 11,900,800
S/. 420,000
S/. 12,320,800

3er ao
S/. 17,440,000
S/. 2,784,000
S/. 14,656,000
S/. 550,000
S/. 15,206,000

4to ao
S/. 17,440,000
S/. 2,784,000
S/. 14,656,000
S/. 550,000
S/. 15,206,000

5to ao
S/. 17,440,000
S/. 2,784,000
S/. 14,656,000
S/. 550,000
S/. 15,206,000

Costo Fabric.
Depreciacin
+
G. Adm y Venta
C.Total
Costo Fabric.

6to ao
S/. 17,440,000
S/. 2,784,000
S/. 14,656,000
S/. 550,000
S/. 15,206,000

7mo ao
S/. 17,440,000
S/. 2,784,000
S/. 14,656,000
S/. 550,000
S/. 15,206,000

8vo ao
S/. 17,440,000
S/. 2,784,000
S/. 14,656,000
S/. 550,000
S/. 15,206,000

9no ao
S/. 17,440,000
S/. 2,784,000
S/. 14,656,000
S/. 550,000
S/. 15,206,000

10mo ao
S/. 17,440,000
S/. 2,784,000
S/. 14,656,000
S/. 550,000
S/. 15,206,000

Estimacin de la TIRE
AO
0
1

INVERSIN

INGRESOS

S/.
39,582,500.00
S/.
1,431,600.00 S/. 19,200,000

COSTOS

S/. 9,525,600

S/. 25,600,000 S/. 12,320,800

S/. 32,000,000 S/. 15,206,000

S/. 32,000,000 S/. 15,206,000

S/. 32,000,000 S/. 15,206,000

S/. 32,000,000 S/. 15,206,000

S/. 32,000,000 S/. 15,206,000

S/. 32,000,000 S/. 15,206,000

S/. 32,000,000 S/. 15,206,000

10

S/. 36,115,000 S/. 15,206,000

BENEFICIO
-S/.
39,582,500
S/.
8,242,800
S/.
13,279,200
S/.
16,794,000
S/.
16,794,000
S/.
16,794,000
S/.
16,794,000
S/.
16,794,000
S/.
16,794,000
S/.
16,794,000
S/.
20,909,000

TIRE =33.16%

34%
FA
1.0000
0.7463
0.5569
0.4156
0.3102
0.2315
0.1727
0.1289
0.0962
0.0718
0.0536

VAN
-S/.
39,582,500
S/.
6,151,343
S/.
7,395,411
S/.
6,979,748
S/.
5,208,767
S/.
3,887,140
S/.
2,900,851
S/.
2,164,814
S/.
1,615,533
S/.
1,205,621
S/.
1,120,173
-S/.
953,098

32%
FA
1.0000
0.7576
0.5739
0.4348
0.3294
0.2495
0.1890
0.1432
0.1085
0.0822
0.0623

VAN
-S/.
39,582,500
S/.
6,244,545
S/.
7,621,212
S/.
7,301,841
S/.
5,531,698
S/.
4,190,680
S/.
3,174,758
S/.
2,405,119
S/.
1,822,060
S/.
1,380,349
S/.
1,301,949
S/.
1,391,710

EVALUACIN FINANCIERA

Costo Fabricacin
Depreciacin
+
G. Adm y Venta
C.Total Eval. Econ
Cuota del prstamo
C. Total Eval. Fina

1er ao
S/. 11,929,600
S/. 2,784,000
S/. 9,145,600
S/. 380,000
S/. 9,525,600
S/. 2,800,726
S/. 12,326,326

2do ao
S/. 14,684,800
S/. 2,784,000
S/. 11,900,800
S/. 420,000
S/. 12,320,800
S/. 2,800,726
S/. 15,121,526

3er ao
S/. 17,440,000
S/. 2,784,000
S/. 14,656,000
S/. 550,000
S/. 15,206,000
S/. 2,800,726
S/. 18,006,726

Costo Fabricacin
Depreciacin
+
G. Adm y Venta
C.Total Eval. Econ
Cuota del prstamo
C. Total Eval. Fina

6to ao
S/. 17,440,000
S/. 2,784,000
S/. 14,656,000
S/. 550,000
S/. 15,206,000
S/. 2,800,726
S/. 18,006,726

7mo ao
S/. 17,440,000
S/. 2,784,000
S/. 14,656,000
S/. 550,000
S/. 15,206,000
S/. 2,800,726
S/. 18,006,726

8vo ao
S/. 17,440,000
S/. 2,784,000
S/. 14,656,000
S/. 550,000
S/. 15,206,000
S/. 2,800,726
S/. 18,006,726

4to ao
S/. 17,440,000
S/. 2,784,000
S/. 14,656,000
S/. 550,000
S/. 15,206,000
S/. 2,800,726
S/. 18,006,726

9no ao
S/. 17,440,000
S/. 2,784,000
S/. 14,656,000
S/. 550,000
S/. 15,206,000
S/. 2,800,726
S/. 18,006,726

5to ao
S/. 17,440,000
S/. 2,784,000
S/. 14,656,000
S/. 550,000
S/. 15,206,000
S/. 2,800,726
S/. 18,006,726

10mo ao
S/. 17,440,000
S/. 2,784,000
S/. 14,656,000
S/. 550,000
S/. 15,206,000
S/. 2,800,726
S/. 18,006,726

Estimacin de la TIRF
AO
0
1
2
3
4
5
6
7
8
9
10

INVERSIN

INGRESOS

S/.
29,582,500
S/.
S/.
1,431,600 19,200,000
S/.
25,600,000
S/.
32,000,000
S/.
32,000,000
S/.
32,000,000
S/.
32,000,000
S/.
32,000,000
S/.
32,000,000
S/.
32,000,000
S/.
36,115,000

COSTOS

BENEFICIO

S/.
12,326,326
S/.
15,121,526
S/.
18,006,726
S/.
18,006,726
S/.
18,006,726
S/.
18,006,726
S/.
18,006,726
S/.
18,006,726
S/.
18,006,726
S/.
18,006,726

-S/.
29,582,500
S/.
5,442,074
S/.
10,478,474
S/.
13,993,274
S/.
13,993,274
S/.
13,993,274
S/.
13,993,274
S/.
13,993,274
S/.
13,993,274
S/.
13,993,274
S/.
18,108,274

36%
FA
1

34%
VAN

FA

-S/. 29,582,500 1.0000

VAN
-S/.
29,582,500

0.73529

S/. 4,001,525

0.7463

S/. 4,061,250

0.54066

S/. 5,665,265

0.5569

S/. 5,835,640

0.39754

S/. 5,562,918

0.4156

S/. 5,815,740

0.29231

S/. 4,090,381

0.3102

S/. 4,340,104

0.21493

S/. 3,007,633

0.2315

S/. 3,238,884

0.15804

S/. 2,211,495

0.1727

S/. 2,417,077

0.11621

S/. 1,626,099

0.1289

S/. 1,803,789

0.08545

S/. 1,195,661

0.0962

S/. 1,346,111

0.06283

S/. 879,163

0.0718

S/. 1,004,561

0.04620

S/. 836,542

0.0536

S/. 970,128

-S/. 505,819

S/. 1,250,783

TIRF= 35.40%
Comparacin de TIRE y TIRF

i
16%
17%
18%
19%
20%
21%
22%
23%
24%
25%
26%
27%
28%
29%
30%
31%
32%
33%
34%
35%
36%
37%
38%
39%
40%
41%
42%
43%
44%
45%
46%
47%
48%

VAN Economica
32535732.20
29633836.18
26906361.22
24340265.47
21923638.34
19645590.69
17496156.61
15466205.64
13547364.13
11731944.68
10012882.91
8383680.53
6838354.20
5371389.50
3977699.37
2652586.64
1391710.22
191054.49
-953098.40
-2044193.59
-3085426.29
-4079762.39
-5029957.20
-5938572.56
-6807992.29
-7640436.39
-8437973.86
-9202534.51
-9935919.67
-10639812.04
-11315784.61
-11965308.96
-12589762.71

VAN Finan
28999188.15
26586365.63
24319658.58
22188099.41
20181674.35
18291230.66
16508393.72
14825492.84
13235494.87
11731944.68
10308911.73
8960942.05
7683015.14
6470505.08
5319145.48
4224997.95
3184423.54
2194056.94
1250783.19
351716.48
-505818.94
-1324306.21
-2106051.59
-2853198.85
-3567742.35
-4251538.87
-4906318.53
-5533694.64
-6135172.74
-6712158.83
-7265966.98
-7797826.20
-8308886.76

Conclusin
Se concluye que el proyecta es rentable (TIRF >TIRE), por lo tanto el proyecto es
viable.