FINANCIAMIENTO

APORTE
INVERSION PROVEEDORES RECURSOS CAF
TOTAL PROPIO
ACTIVOS FIJOS
Obras civiles 10,573 10,573
Maquinaria y equipo 30,314 27283 3031
Flete y Derechos 11,264 11,264
Intangibles 15,376 15,376
TOTAL ACTIVO FIJO 67,527 15,376 27,283 24,868
CAPITAL DE TRABAJO
Materia Prima 2,531
Planilla 600
Gastos Indirectos de Fabricacion 2,261
Gastos de Adm. Y Ventas 1,758
TOTAL CAPITAL DE TRABAJO 7,150 7,150
TOTAL INVERSION 74,677 22,526 27,283 24,868
CALCULO DE CPPC Y RE
TASA INTERES
DEUDA IMPORTE % INTERES PROMEDIO
PROVEEDORES 27283 52% 9.90% 5.18%
CAF 24868 48% 13% 6.20%
52151 100% 11.38%
RENTABILIDAD ESPERADA
(1+INTERES EXPLICITO)(1+TASA RIESGO)-1
IE 11.38%
RIESGO 10%
RE = 22.52%
CPPC

D C
x Ie x(1-IR) + x Re
D+C D+C

DEUDA 52,151
CAPITAL 22,526
Int Explic 11.38%
RE 22.52%
IR 28%
CPPC= 12.51%
PRESTAMO IMPORTE
PROVEEDORES 27,283
TEA 9.90%
Tasa Seme. 4.83%
Plazo de gracia 4 semestres
pagos iguales 10 semestres
Total periodo 14 semestres
CUOTA S/.3,505
SALDO AMORTIZAC
PERIODO INTERES CUOTA
CAPITAL ION
1 27,283 1,319 0 1,319
2 27,283 1,319 0 1,319
3 27,283 1,319 0 1,319
4 27,283 1,319 0 1,319
5 25,097 1,319 2186 3505
6 22,805 1,213 2292 3505
7 20,403 1,102 2402 3505
8 17,884 986 2519 3505
9 15,244 864 2640 3505
10 12,476 737 2768 3505
11 9,574 603 2902 3505
12 6,532 463 3042 3505
13 3,343 316 3189 3505
14 - 162 3343 3505
SUMA 13,039 27,283 40,322
PRESTAMO IMPORTE
CAF 24,868
TEA 13.00%
Tasa Seme. 6.30%
Plazo de gracia 4 semestres
pagos iguales 6 semestres
Total periodo 10 semestres
CUOTA S/.5,105
SALDO AMORTIZAC
PERIODO INTERES CUOTA
CAPITAL ION
1 24,868 1,567 0 1,567
2 24,868 1,567 0 1,567
3 24,868 1,567 0 1,567
4 24,868 1,567 0 1,567
5 21,330 1,567 3538 5105
6 17,569 1,344 3761 5105
7 13,571 1,107 3998 5105
8 9,320 855 4250 5105
9 4,803 587 4518 5105
10 - 303 4803 5105
SUMA 12,032 24,868 36,900
 FLUJO DE CAJA
CONCEPTO Inv Inicial 2000 2001 2002 2003 2004
INGRESOS 0 61,568 123,135 123,135 123,135 123,135
Ventas 0 52,176 104,352 104,352 104,352 104,352
IGV 0 9,392 18,783 18,783 18,783 18,783
Recup de AF 0
EGRESOS 74,677 31,093 77,808 78,276 78,704 78,880
Inversion AF 67,527
Inv. Cap Trab 7,150
Costo de Vtas 16,175 32,350 32,350 32,350 32,350
IGV 1,981 3,963 3,963 3,963 3,963
Gastos de Adm 4,020 8,040 8,040 8,040 8,040
Gastos de vtas 1,254 2,508 2,508 2,508 2,508
Impuestos 6,490 16,126 16,594 17,022 17,198
Igv por pagar 1,173 14,821 14,821 14,821 14,821
FLUJO ECONOMICO -74,677 30,475 45,327 44,859 44,431 44,255
INGRESOS 52,151
PRESTAMOS
Proveedores 27,283
CAF 24,868
EGRESOS 5,771.38 5,771.38 17,219.86 17,219.86 17,219.86
AMORTIZACION
Proveedores 2,637.28 2,637.28 7,009 7,009 7,009
CAF 3,134.09 3,134.09 10,210 10,210 10,210
FLUJO FINANCIERO -22,526 24,703.62 39,555.62 27,639.14 27,211.14 27,035.14

FLUJO DEL ACCIONISTA -22,526 24,703.62 39,555.62 27,639.14 27,211.14 27,035.14

UJO DE CAJA
2005 2006 2007 2008 2009 2010 2011
123,135 123,135 123,135 123,135 123,135 123,135 132,180
104,352 104,352 104,352 104,352 104,352 104,352 104,352
18,783 18,783 18,783 18,783 18,783 18,783 18,783
9,045
79,023 79,023 79,023 79,023 79,023 79,023 79,023

32,350 32,350 32,350 32,350 32,350 32,350 32,350

3,963 3,963 3,963 3,963 3,963 3,963 3,963
8,040 8,040 8,040 8,040 8,040 8,040 8,040
2,508 2,508 2,508 2,508 2,508 2,508 2,508
17,341 17,341 17,341 17,341 17,341 17,341 17,341 gananc o perd
14,821 14,821 14,821 14,821 14,821 14,821 14,821 VAN ECON
44,112 44,112 44,112 44,112 44,112 44,112 53,157 S/.184,035

7,009.42 7,009.42

7,009 7,009
VAN Finac
37,102.58 37,102.58 44,112.00 44,112.00 44,112.00 44,112.00 53,157.00 S/.187,586

VAN del accion

37,102.58 37,102.58 44,112.00 44,112.00 44,112.00 44,112.00 53,157.00 S/.111,762
 Rentabilidad Recuperacion de la inv
TIR EC RELACION B/C EC
53% 3
Es mayor al CPPC

129% 9
Es mayor al CPPC

129% 6
Es mayor al Re