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Cuadro No. 5.

1
Inversión y Fuentes de Financiamiento
En RD$
Inversiones Valor Financiamiento Promotores
Fijas
Terrenos 14,400,000 14,400,000

Preinversión 150,000 150,000


0
Equipos 239,788,989 203,963,916 35,825,073
Manejo de Caña. 13,066,090 13,066,090 0
Preparación de Caña 5,394,965 5,394,965 0
Molinos 24,647,445 24,647,445 0
Tratamiento del Jugo. 1,227,068 1,227,068 0
Calentamiento del Jugo. 3,783,714 3,783,714 0
Clarificación del Jugo. 5,965,000 5,965,000 0
Filtración 6,158,000 6,158,000 0
Evaporadores 27,746,750 27,746,750 0
Casa de Cocción (Tachos, Semilleros y Cristalizadores) 21,397,200 21,397,200 0
Centrigucación del Azúcar. 20,510,693 20,510,693 0
Secado de Azúcar. 2,988,731 2,988,731 0
Almacenamiento de Azúcar. 9,342,341 9,342,341 0
Almacenamiento de Melaza. 5,325,000 5,325,000
Condensadores y Equipos de Vacío. 12,485,000 12,485,000
Generación de Vapor y Manejo de Bag. 47,465,760 47,465,760 0
Estación de Tratamiento de Agua. 1,068,000 1,068,000
Planta de Potencia (Planta Eléctrica). 14,270,160 14,270,160 0
Planta de Tratamiento de Efluentes. 2,060,223 2,060,223
Area Química (Laboratorio). 5,722,510 5,722,510
Servicios 9,164,340 9,164,340

Obras Civiles 264,073,804 264,073,804

Total Inversiones Fijas 518,412,794 407,927,832 110,484,961

Escalamiento de Costos 9,591,560 9,591,560

Imprevistos 7,922,214 7,922,214

Capital de Trabajo 29,011,707 29,011,707

Total 564,938,274 407,927,832 157,010,442


Valor Porcentual 100.0% 72.2% 27.8%
Cuadro No. 5.3
Cálculo de la Depreciación

Vida Monto a Depreciar


Inversiones Valor
útil Año 1 Año 2 Año 3 Año 4 Año 5 Año 6 Año 7 Año 8 Año 9 Año 10

Terrenos 14,400,000 0

Preinversión 150,000 0 0 0 0 0 0 0 0 0 0

Equipos
Manejo de Caña. 13,066,090 7 1,866,584 1,866,584 1,866,584 1,866,584 1,866,584 1,866,584 1,866,584 1,866,584 1,866,584 1,866,584
Preparación de Caña 5,394,965 7 770,709 770,709 770,709 770,709 770,709 770,709 770,709 770,709 770,709 770,709
Molinos 24,647,445 7 3,521,064 3,521,064 3,521,064 3,521,064 3,521,064 3,521,064 3,521,064 3,521,064 3,521,064 3,521,064
Tratamiento del Jugo. 1,227,068 7 175,295 175,295 175,295 175,295 175,295 175,295 175,295 175,295 175,295 175,295
Calentamiento del Jugo. 3,783,714 7 540,531 540,531 540,531 540,531 540,531 540,531 540,531 540,531 540,531 540,531
Clarificación del Jugo. 5,965,000 7 852,143 852,143 852,143 852,143 852,143 852,143 852,143 852,143 852,143 852,143
Filtración 6,158,000 7 879,714 879,714 879,714 879,714 879,714 879,714 879,714 879,714 879,714 879,714
Evaporadores 27,746,750 7 3,963,821 3,963,821 3,963,821 3,963,821 3,963,821 3,963,821 3,963,821 3,963,821 3,963,821 3,963,821
Casa de Cocción (Tachos, Semilleros y Cris 21,397,200 7 3,056,743 3,056,743 3,056,743 3,056,743 3,056,743 3,056,743 3,056,743 3,056,743 3,056,743 3,056,743
Centrigucación del Azúcar. 20,510,693 7 2,930,099 2,930,099 2,930,099 2,930,099 2,930,099 2,930,099 2,930,099 2,930,099 2,930,099 2,930,099
Secado de Azúcar. 2,988,731 7 426,962 426,962 426,962 426,962 426,962 426,962 426,962 426,962 426,962 426,962
Almacenamiento de Azúcar. 9,342,341 7 1,334,620 1,334,620 1,334,620 1,334,620 1,334,620 1,334,620 1,334,620 1,334,620 1,334,620 1,334,620
Almacenamiento de Melaza. 5,325,000 7 760,714 760,714 760,714 760,714 760,714 760,714 760,714 760,714 760,714 760,714
Condensadores y Equipos de Vacío. 12,485,000 7 1,783,571 1,783,571 1,783,571 1,783,571 1,783,571 1,783,571 1,783,571 1,783,571 1,783,571 1,783,571
Generación de Vapor y Manejo de Bag. 47,465,760 7 6,780,823 6,780,823 6,780,823 6,780,823 6,780,823 6,780,823 6,780,823 6,780,823 6,780,823 6,780,823
Estación de Tratamiento de Agua. 1,068,000 7 152,571 152,571 152,571 152,571 152,571 152,571 152,571 152,571 152,571 152,571
Planta de Potencia (Planta Eléctrica). 14,270,160 7 2,038,594 2,038,594 2,038,594 2,038,594 2,038,594 2,038,594 2,038,594 2,038,594 2,038,594 2,038,594
Planta de Tratamiento de Efluentes. 2,060,223 7 294,318 294,318 294,318 294,318 294,318 294,318 294,318 294,318 294,318 294,318
Area Química (Laboratorio). 5,722,510 7 817,501 817,501 817,501 817,501 817,501 817,501 817,501 817,501 817,501 817,501
Servicios 9,164,340 7 1,309,191 1,309,191 1,309,191 1,309,191 1,309,191 1,309,191 1,309,191 1,309,191 1,309,191 1,309,191

Obras Civiles 264,073,804 20 13,203,690 13,203,690 13,203,690 13,203,690 13,203,690 13,203,690 13,203,690 13,203,690 13,203,690 13,203,690

Total Inversiones Fijas 518,412,794 47,459,260 47,459,260 47,459,260 47,459,260 47,459,260 47,459,260 47,459,260 47,459,260 47,459,260 47,459,260

Escalamiento de Costos 9,591,560 7 1,370,223 1,370,223 1,370,223 1,370,223 1,370,223 1,370,223 1,370,223 1,370,223 1,370,223 1,370,223

Imprevistos 7,922,214 20 396,111 396,111 396,111 396,111 396,111 396,111 396,111 396,111 396,111 396,111

Capital de Trabajo 29,011,707 0 0 0 0 0 0 0 0 0 0

Total 564,938,274 49,225,594 49,225,594 49,225,594 49,225,594 49,225,594 49,225,594 49,225,594 49,225,594 49,225,594 49,225,594
Cuadro No. 5.9
Requerimiento Materia Prima

Productos (Tareas Sembradas) Año 1 Año 2 Año 3 Año 4 Año 5 Año 6 Año 7 Año 8 Año 9 Año 10

Tareas Sembradas 108,000.00 115,200.00 122,400.00 129,600.00 136,800.00 144,000.00 144,000.00 144,000.00 144,000.00 144,000.00

Coeficientes Tecnicos
Requerimientos Totales
Materia Prima Ud. Cantidad
Codigo Año 1 Año 2 Año 3 Año 4 Año 5 Año 6 Año 7 Año 8 Año 9 Año 10
Tareas Sembradas
Corte Tarea 1.00 108,000.00 115,200.00 122,400.00 129,600.00 136,800.00 144,000.00 144,000.00 144,000.00 144,000.00 144,000.00
Cruce Tarea 1.00 108,000.00 115,200.00 122,400.00 129,600.00 136,800.00 144,000.00 144,000.00 144,000.00 144,000.00 144,000.00
Rastra Tarea 1.00 108,000.00 115,200.00 122,400.00 129,600.00 136,800.00 144,000.00 144,000.00 144,000.00 144,000.00 144,000.00
Marque Tarea 1.00 108,000.00 115,200.00 122,400.00 129,600.00 136,800.00 144,000.00 144,000.00 144,000.00 144,000.00 144,000.00
Caña Tarea 1.00 108,000.00 115,200.00 122,400.00 129,600.00 136,800.00 144,000.00 144,000.00 144,000.00 144,000.00 144,000.00
Regada, repique y tapada Tarea 1.00 108,000.00 115,200.00 122,400.00 129,600.00 136,800.00 144,000.00 144,000.00 144,000.00 144,000.00 144,000.00
Resiembra Tarea 1.00 108,000.00 115,200.00 122,400.00 129,600.00 136,800.00 144,000.00 144,000.00 144,000.00 144,000.00 144,000.00
Abono (Compost) Tarea 1.00 108,000.00 115,200.00 122,400.00 129,600.00 136,800.00 144,000.00 144,000.00 144,000.00 144,000.00 144,000.00
Desyerbo Tarea 1.00 108,000.00 115,200.00 122,400.00 129,600.00 136,800.00 144,000.00 144,000.00 144,000.00 144,000.00 144,000.00
Aporque Tarea 1.00 108,000.00 115,200.00 122,400.00 129,600.00 136,800.00 144,000.00 144,000.00 144,000.00 144,000.00 144,000.00
Zanja Tarea 1.00 108,000.00 115,200.00 122,400.00 129,600.00 136,800.00 144,000.00 144,000.00 144,000.00 144,000.00 144,000.00
Corte, Semilla, Transporte tractor, Ca Tarea 1.00 108,000.00 115,200.00 122,400.00 129,600.00 136,800.00 144,000.00 144,000.00 144,000.00 144,000.00 144,000.00
Supervision Tarea 1.00 108,000.00 115,200.00 122,400.00 129,600.00 136,800.00 144,000.00 144,000.00 144,000.00 144,000.00 144,000.00

Materia Prima Utilizada Unidades


Corte Tarea 108,000.00 115,200.00 122,400.00 129,600.00 136,800.00 144,000.00 144,000.00 144,000.00 144,000.00 144,000.00
Cruce Tarea 108,000.00 115,200.00 122,400.00 129,600.00 136,800.00 144,000.00 144,000.00 144,000.00 144,000.00 144,000.00
Rastra Tarea 108,000.00 115,200.00 122,400.00 129,600.00 136,800.00 144,000.00 144,000.00 144,000.00 144,000.00 144,000.00
Marque Tarea 108,000.00 115,200.00 122,400.00 129,600.00 136,800.00 144,000.00 144,000.00 144,000.00 144,000.00 144,000.00
Caña Tarea 108,000.00 115,200.00 122,400.00 129,600.00 136,800.00 144,000.00 144,000.00 144,000.00 144,000.00 144,000.00
Regada, repique y tapada Tarea 108,000.00 115,200.00 122,400.00 129,600.00 136,800.00 144,000.00 144,000.00 144,000.00 144,000.00 144,000.00
Resiembra Tarea 108,000.00 115,200.00 122,400.00 129,600.00 136,800.00 144,000.00 144,000.00 144,000.00 144,000.00 144,000.00
Abono (Compost) Tarea 108,000.00 115,200.00 122,400.00 129,600.00 136,800.00 144,000.00 144,000.00 144,000.00 144,000.00 144,000.00
Desyerbo Tarea 108,000.00 115,200.00 122,400.00 129,600.00 136,800.00 144,000.00 144,000.00 144,000.00 144,000.00 144,000.00
Aporque Tarea 108,000.00 115,200.00 122,400.00 129,600.00 136,800.00 144,000.00 144,000.00 144,000.00 144,000.00 144,000.00
Zanja Tarea 108,000.00 115,200.00 122,400.00 129,600.00 136,800.00 144,000.00 144,000.00 144,000.00 144,000.00 144,000.00
Corte, Semilla, Transporte tractor,
Tarea 108,000.00 115,200.00 122,400.00 129,600.00 136,800.00 144,000.00 144,000.00 144,000.00 144,000.00 144,000.00
Carretero, Vagonero y Pesador
Supervision Tarea 108,000.00 115,200.00 122,400.00 129,600.00 136,800.00 144,000.00 144,000.00 144,000.00 144,000.00 144,000.00

Costo Materia Prima Unidades Precio


Corte Tarea 75.00 8,100,000.00 8,640,000.00 9,180,000.00 9,720,000.00 10,260,000.00 10,800,000.00 10,800,000.00 10,800,000.00 10,800,000.00 10,800,000.00
Cruce Tarea 60.00 6,480,000.00 6,912,000.00 7,344,000.00 7,776,000.00 8,208,000.00 8,640,000.00 8,640,000.00 8,640,000.00 8,640,000.00 8,640,000.00
Rastra Tarea 45.00 4,860,000.00 5,184,000.00 5,508,000.00 5,832,000.00 6,156,000.00 6,480,000.00 6,480,000.00 6,480,000.00 6,480,000.00 6,480,000.00
Marque Tarea 30.00 3,240,000.00 3,456,000.00 3,672,000.00 3,888,000.00 4,104,000.00 4,320,000.00 4,320,000.00 4,320,000.00 4,320,000.00 4,320,000.00
Caña Tarea 300.00 32,400,000.00 34,560,000.00 36,720,000.00 38,880,000.00 41,040,000.00 43,200,000.00 43,200,000.00 43,200,000.00 43,200,000.00 43,200,000.00
Regada, repique y tapada Tarea 100.00 10,800,000.00 11,520,000.00 12,240,000.00 12,960,000.00 13,680,000.00 14,400,000.00 14,400,000.00 14,400,000.00 14,400,000.00 14,400,000.00
Resiembra Tarea 120.00 12,960,000.00 13,824,000.00 14,688,000.00 15,552,000.00 16,416,000.00 17,280,000.00 17,280,000.00 17,280,000.00 17,280,000.00 17,280,000.00
Abono (Compost) Tarea 300.00 32,400,000.00 34,560,000.00 36,720,000.00 38,880,000.00 41,040,000.00 43,200,000.00 43,200,000.00 43,200,000.00 43,200,000.00 43,200,000.00
Desyerbo Tarea 200.00 21,600,000.00 23,040,000.00 24,480,000.00 25,920,000.00 27,360,000.00 28,800,000.00 28,800,000.00 28,800,000.00 28,800,000.00 28,800,000.00
Aporque Tarea 30.00 3,240,000.00 3,456,000.00 3,672,000.00 3,888,000.00 4,104,000.00 4,320,000.00 4,320,000.00 4,320,000.00 4,320,000.00 4,320,000.00
Zanja Tarea 60.00 6,480,000.00 6,912,000.00 7,344,000.00 7,776,000.00 8,208,000.00 8,640,000.00 8,640,000.00 8,640,000.00 8,640,000.00 8,640,000.00
Corte, Semilla, Transporte tractor,
Carretero, Vagonero y Pesador Tarea 125.00 13,500,000.00 14,400,000.00 15,300,000.00 16,200,000.00 17,100,000.00 18,000,000.00 18,000,000.00 18,000,000.00 18,000,000.00 18,000,000.00
Supervision Tarea 30.00 3,240,000.00 3,456,000.00 3,672,000.00 3,888,000.00 4,104,000.00 4,320,000.00 4,320,000.00 4,320,000.00 4,320,000.00 4,320,000.00

Total 159,300,000.00 169,920,000.00 180,540,000.00 191,160,000.00 201,780,000.00 212,400,000.00 212,400,000.00 212,400,000.00 212,400,000.00 212,400,000.00
Cuadro No. 5.9-a
Requerimiento Materia Prima

Productos Año 1 Año 2 Año 3 Año 4 Año 5 Año 6 Año 7 Año 8 Año 9 Año 10

Azucar Organica (Toneladas) 22,950 25,920 28,305 30,780 33,336 36,000 37,800 39,600 41,400 43,200
Mieles (Galones) 2,160,000 2,232,000 2,295,000 2,349,000 2,394,000 2,430,000 2,340,000 2,250,000 2,160,000 2,124,000

Coeficientes Tecnicos
Requerimientos Totales
Materia Prima Ud. Cantidad
Año 1 Año 2 Año 3 Año 4 Año 5 Año 6 Año 7 Año 8 Año 9 Año 10
Azucar Organica
Caña Tons. 11.765 270,000 304,941 333,000 362,118 392,188 423,529 444,706 465,882 487,059 508,235
Cal Hidradada Lbs. 23.609 541,837 611,957 668,265 726,699 787,044 849,940 892,437 934,934 977,431 1,019,928
Guásuma Lbs. 0.055 1,262 1,426 1,557 1,693 1,833 1,980 2,079 2,178 2,277 2,376
Soda Caustica Lbs. 7.000 160,650 181,440 198,135 215,460 233,352 252,000 264,600 277,200 289,800 302,400
Acido Muriático Lbs. 8.200 188,190 212,544 232,101 252,396 273,355 295,200 309,960 324,720 339,480 354,240
Otros Quimicos - 0 0 0 0 0 0 0 0 0 0
Sacos (100 lbs) Ud. 20.000 459,000 518,400 566,100 615,600 666,720 720,000 756,000 792,000 828,000 864,000
Hilo y Agujas - 0 0 0 0 0 0 0 0 0 0

Materia Prima Utilizada Unidades


Caña Tons. 270,000 304,941 333,000 362,118 392,188 423,529 444,706 465,882 487,059 508,235
Cal Hidradada Lbs. 541,837 611,957 668,265 726,699 787,044 849,940 892,437 934,934 977,431 1,019,928
Guásuma Lbs. 1,262 1,426 1,557 1,693 1,833 1,980 2,079 2,178 2,277 2,376
Soda Caustica Lbs. 160,650 181,440 198,135 215,460 233,352 252,000 264,600 277,200 289,800 302,400
Acido Muriático Lbs. 188,190 212,544 232,101 252,396 273,355 295,200 309,960 324,720 339,480 354,240
Otros Quimicos - 0 0 0 0 0 0 0 0 0 0
Sacos (100 lbs) Ud. 459,000 518,400 566,100 615,600 666,720 720,000 756,000 792,000 828,000 864,000
Hilo y Agujas - 0 0 0 0 0 0 0 0 0 0
Envases Plásticos (Galon) Ud. 2,160,000 2,232,000 2,295,000 2,349,000 2,394,000 2,430,000 2,340,000 2,250,000 2,160,000 2,124,000

Costo Materia Prima Unidades Precio


Caña Tons. 270.48 73,029,600 82,480,489 90,069,840 97,945,581 106,079,074 114,556,235 120,284,047 126,011,859 131,739,671 137,467,482
Cal Hidradada Lbs. 2.36 1,278,735 1,444,218 1,577,106 1,715,009 1,857,425 2,005,858 2,106,151 2,206,444 2,306,737 2,407,030
Guásuma Lbs. 36.37 45,909 51,850 56,621 61,572 66,685 72,014 75,615 79,216 82,816 86,417
Soda Caustica Lbs. 4.00 642,600 725,760 792,540 861,840 933,408 1,008,000 1,058,400 1,108,800 1,159,200 1,209,600
Acido Muriático Lbs. 2.85 537,030 606,528 662,337 720,252 780,062 842,400 884,520 926,640 968,760 1,010,880
Otros Quimicos - 5.00 2,295,000 2,592,000 2,830,500 3,078,000 3,333,600 3,600,000 3,780,000 3,960,000 4,140,000 4,320,000
Sacos (100 lbs) Ud. 10.00 4,590,000 5,184,000 5,661,000 6,156,000 6,667,200 7,200,000 7,560,000 7,920,000 8,280,000 8,640,000
Hilo y Agujas - 0.48 220,320 248,832 271,728 295,488 320,026 345,600 362,880 380,160 397,440 414,720
Envases Plasticos Ud. 2.00 4,320,000 4,464,000 4,590,000 4,698,000 4,788,000 4,860,000 4,680,000 4,500,000 4,320,000 4,248,000

Total 86,959,194 97,797,678 106,511,672 115,531,742 124,825,480 134,490,108 140,791,613 147,093,119 153,394,624 159,804,129
Cuadro No. 5.10
Presupuesto Costos

Costos Producción Año 1 Año 2 Año 3 Año 4 Año 5 Año 6 Año 7 Año 8 Año 9 Año 10
Costos Producción
Materia prima (Siembra) 159,300,000 169,920,000 180,540,000 191,160,000 201,780,000 212,400,000 212,400,000 212,400,000 212,400,000 212,400,000
Materia Prima (Produccion) 86,959,194 97,797,678 106,511,672 115,531,742 124,825,480 134,490,108 140,791,613 147,093,119 153,394,624 159,804,129
Gastos Indirectos 4,779,000 5,097,600 5,416,200 5,734,800 6,053,400 6,372,000 6,372,000 6,372,000 6,372,000 6,372,000
Mano de Obra 13,649,955 15,014,951 16,516,446 18,168,091 19,984,900 21,983,390 24,181,729 26,599,901 29,259,892 32,185,881
Energia Electrica 5,184,000 5,702,400 6,272,640 6,272,640 6,899,904 7,589,894 8,348,884 9,183,772 10,102,149 11,112,364
Combustibles y Mantenimiento 9,500,000 10,450,000 11,495,000 11,495,000 12,644,500 13,908,950 15,299,845 16,829,830 18,512,812 20,364,094
Subtotal 279,372,149 303,982,629 326,751,958 348,362,273 372,188,184 396,744,342 407,394,071 418,478,622 430,041,478 442,238,468

Gastos Administrativos
Sueldos y Salarios 9,966,326 10,962,959 12,059,255 13,265,180 14,591,698 16,050,868 17,655,955 19,421,551 21,363,706 23,500,076
Luz, Telefono, Agua y Otros 777,600 855,360 940,896 940,896 1,034,986 1,138,484 1,252,333 1,377,566 1,515,322 1,666,855
Material Gastable y Otros 120,000 132,000 145,200 159,720 175,692 193,261 212,587 233,846 257,231 282,954
Subtotal 10,863,926 11,950,319 13,145,351 14,365,796 15,802,376 17,382,614 19,120,875 21,032,963 23,136,259 25,449,885

Gastos Financieros 55,070,257 53,819,207 50,842,115 47,437,291 43,543,281 39,089,800 33,996,469 28,171,356 21,509,323 13,890,127

Depreciación y Amortización 49,225,594 49,225,594 49,225,594 49,225,594 49,225,594 49,225,594 49,225,594 49,225,594 49,225,594 49,225,594

Total Costos 394,531,927 418,977,748 439,965,018 459,390,954 480,759,434 502,442,350 509,737,008 516,908,534 523,912,653 530,804,073

Costos y Gastos 345,306,332.91 10,863,926.40

Gastos 65,934,183.77
Estimación Ingresos, Costos y Gastos del Proyecto
1 Tonelada = 2000 Lbs 2000
Zafras al año : 2 2
Productos Año 1 Año 2 Año 3 Año 4 Año 5 Año 6 Año 7 Año 8 Año 9 Año 10

% Utilización 80% 90% 95% 100% 100% 100% 100% 100% 100% 100%
Azucar Orgánica (Toneladas) 45,900 51,840 56,610 61,560 66,672 72,000 75,600 79,200 82,800 86,400
Azucar Orgánica (Libras) 91,800,000 103,680,000 113,220,000 123,120,000 133,344,000 144,000,000 151,200,000 158,400,000 165,600,000 172,800,000
Melaza (Gls.) 2,160,000 2,232,000 2,295,000 2,349,000 2,394,000 2,430,000 2,340,000 2,250,000 2,160,000 2,124,000

Precio en fábrica RD$


Azucar Orgánica (Libra) 7.25
Melaza (Gls.) 16.00

Detalle Año 1 Año 2 Año 3 Año 4 Año 5 Año 6 Año 7 Año 8 Año 9 Año 10

Ingresos
Venta Azucar Orgánica 665,550,000 751,680,000 820,845,000 892,620,000 966,744,000 1,044,000,000 1,096,200,000 1,148,400,000 1,200,600,000 1,252,800,000
Venta Melaza 69,120,000 71,424,000 73,440,000 75,168,000 76,608,000 77,760,000 74,880,000 72,000,000 69,120,000 67,968,000
Total Ingresos 734,670,000 823,104,000 894,285,000 967,788,000 1,043,352,000 1,121,760,000 1,171,080,000 1,220,400,000 1,269,720,000 1,320,768,000

Costos
Costos Produccion 558,744,298 607,965,257 653,503,917 696,724,546 744,376,367 793,488,684 814,788,141 836,957,244 860,082,955 884,476,937

Utilidad Bruta 175,925,702 215,138,743 240,781,083 271,063,454 298,975,633 328,271,316 356,291,859 383,442,756 409,637,045 436,291,063

Gastos
Ventas 8,691,141 9,560,255 10,516,281 11,492,637 12,641,901 13,906,091 15,296,700 16,826,370 18,509,007 20,359,908
Generales y Administrativos 13,036,712 14,340,383 15,774,421 17,238,956 18,962,851 20,859,136 22,945,050 25,239,555 27,763,511 30,539,862
Gastos Financieros 55,070,257 53,819,207 50,842,115 47,437,291 43,543,281 39,089,800 33,996,469 28,171,356 21,509,323 13,890,127
Total Gastos 76,798,110 77,719,845 77,132,817 76,168,884 75,148,033 73,855,028 72,238,219 70,237,281 67,781,841 64,789,896

Utilidad Operacional 99,127,592 137,418,898 163,648,266 194,894,571 223,827,600 254,416,288 284,053,639 313,205,475 341,855,204 371,501,167

Depreciación 49,225,594 49,225,594 49,225,594 49,225,594 49,225,594 49,225,594 49,225,594 49,225,594 49,225,594 49,225,594

Utilidad antes de Impuestos 49,901,998 88,193,304 114,422,673 145,668,977 174,602,007 205,190,695 234,828,046 263,979,881 292,629,610 322,275,574

Impuesto sobre la Renta 12,475,499 22,048,326 28,605,668 36,417,244 43,650,502 51,297,674 58,707,011 65,994,970 73,157,403 80,568,893

Utilidad Neta 37,426,498 66,144,978 85,817,005 109,251,733 130,951,505 153,893,021 176,121,034 197,984,911 219,472,208 241,706,680
Flujo de Caja, TIR, VAN (Proyecto Puro)

Detalle Año 0 Año 1 Año 2 Año 3 Año 4 Año 5

1 2 3 4 5
Total Ingresos 734,670,000 823,104,000 894,285,000 967,788,000 1,043,352,000

Egresos
Inversión 564,938,274
Costos 558,744,298 607,965,257 653,503,917 696,724,546 744,376,367
Gastos Operacionales 21,727,853 23,900,638 26,290,702 28,731,593 31,604,752
ISR 12,475,499 22,048,326 28,605,668 36,417,244 43,650,502
Total Egresos 564,938,274 592,947,651 653,914,221 708,400,287 761,873,383 819,631,621

Flujo Neto -564,938,274 141,722,349 169,189,779 185,884,713 205,914,617 223,720,379

TIR 32.0%
VAN (13.5%) 560,182,415
Recuperación Inversión -564,938,274 -423,215,925 -254,026,146 -68,141,433 137,773,185 361,493,564
Cuadro No. 6.2

Año 6 Año 7 Año 8 Año 9 Año 10

6 7 8 9 10
1,121,760,000 1,171,080,000 1,220,400,000 1,269,720,000 1,320,768,000

793,488,684 814,788,141 836,957,244 860,082,955 884,476,937


34,765,227 38,241,750 42,065,925 46,272,518 50,899,769
51,297,674 58,707,011 65,994,970 73,157,403 80,568,893
879,551,585 911,736,903 945,018,139 979,512,875 1,015,945,599

242,208,415 259,343,097 275,381,861 290,207,125 304,822,401

603,701,979 863,045,076 1,138,426,937 1,428,634,061 1,733,456,462


Cuadro No. 5.12
Punto de Equilibrio

Detalle Total Fijos Variables

Costos y Gastos
Materia Prima 246,259,193.79 246,259,193.79
Mano de Obra 23,616,281.76 9,966,326.40 13,649,955.36
Gastos Indirectos 4,779,000.00 4,779,000.00
Gastos Financieros 55,070,257.37 55,070,257.37 0.00
Electricidad, Telefono y Agua 5,961,600.00 777,600.00 5,184,000.00
Mantenimiento 9,500,000.00 9,500,000.00
Material Gastable 120,000.00 120,000.00 0.00

Total 345,306,332.91 65,934,183.77 279,372,149.15

Ventas 734,670,000.00

C.F.
P.E. = 106,391,599.91
(1-(CV/V))

Porcentaje de las Ventas 14.5%


Cuadro No. 5.4
Tabla de Amortización
(En RD$)

Proyecto
Monto 407,927,832
Tasa Interes 13.50%
Plazo 11 años
Gracia 1 años
Amortización 10 años
Pagos Anuales 12
Intereses periodo de 55,070,257.37
Total
745,403,048 337,475,216 407,927,832
Mes Cuota Interes Capital Saldo
1 6,211,692 4,589,188 1,622,504 406,305,328
2 6,211,692 4,570,935 1,640,757 404,664,571
3 6,211,692 4,552,476 1,659,216 403,005,356
4 6,211,692 4,533,810 1,677,882 401,327,474
5 6,211,692 4,514,934 1,696,758 399,630,716
6 6,211,692 4,495,846 1,715,847 397,914,869
7 6,211,692 4,476,542 1,735,150 396,179,720
8 6,211,692 4,457,022 1,754,670 394,425,049
9 6,211,692 4,437,282 1,774,410 392,650,639
10 6,211,692 4,417,320 1,794,372 390,856,267
11 6,211,692 4,397,133 1,814,559 389,041,708
12 6,211,692 4,376,719 1,834,973 387,206,735
13 6,211,692 4,356,076 1,855,616 385,351,118
14 6,211,692 4,335,200 1,876,492 383,474,626
15 6,211,692 4,314,090 1,897,603 381,577,024
16 6,211,692 4,292,742 1,918,951 379,658,073
17 6,211,692 4,271,153 1,940,539 377,717,535
18 6,211,692 4,249,322 1,962,370 375,755,165
19 6,211,692 4,227,246 1,984,446 373,770,718
20 6,211,692 4,204,921 2,006,771 371,763,947
21 6,211,692 4,182,344 2,029,348 369,734,599
22 6,211,692 4,159,514 2,052,178 367,682,421
23 6,211,692 4,136,427 2,075,265 365,607,157
24 6,211,692 4,113,081 2,098,612 363,508,545
25 6,211,692 4,089,471 2,122,221 361,386,324
26 6,211,692 4,065,596 2,146,096 359,240,228
27 6,211,692 4,041,453 2,170,240 357,069,989
28 6,211,692 4,017,037 2,194,655 354,875,334
29 6,211,692 3,992,348 2,219,345 352,655,989
30 6,211,692 3,967,380 2,244,312 350,411,677

Page 10 of 17
Cuadro No. 5.4
Tabla de Amortización
(En RD$)

Proyecto
Monto 407,927,832
Tasa Interes 13.50%
Plazo 11 años
Gracia 1 años
Amortización 10 años
Pagos Anuales 12
Intereses periodo de 55,070,257.37
31 6,211,692 3,942,131 2,269,561 348,142,116
32 6,211,692 3,916,599 2,295,093 345,847,023
33 6,211,692 3,890,779 2,320,913 343,526,110
34 6,211,692 3,864,669 2,347,023 341,179,087
35 6,211,692 3,838,265 2,373,427 338,805,659
36 6,211,692 3,811,564 2,400,128 336,405,531
37 6,211,692 3,784,562 2,427,130 333,978,401
38 6,211,692 3,757,257 2,454,435 331,523,966
39 6,211,692 3,729,645 2,482,047 329,041,919
40 6,211,692 3,701,722 2,509,970 326,531,948
41 6,211,692 3,673,484 2,538,208 323,993,741
42 6,211,692 3,644,930 2,566,762 321,426,978
43 6,211,692 3,616,054 2,595,639 318,831,340
44 6,211,692 3,586,853 2,624,839 316,206,500
45 6,211,692 3,557,323 2,654,369 313,552,131
46 6,211,692 3,527,461 2,684,231 310,867,901
47 6,211,692 3,497,264 2,714,428 308,153,472
48 6,211,692 3,466,727 2,744,966 305,408,507
49 6,211,692 3,435,846 2,775,846 302,632,660
50 6,211,692 3,404,617 2,807,075 299,825,586
51 6,211,692 3,373,038 2,838,654 296,986,932
52 6,211,692 3,341,103 2,870,589 294,116,343
53 6,211,692 3,308,809 2,902,883 291,213,459
54 6,211,692 3,276,151 2,935,541 288,277,919
55 6,211,692 3,243,127 2,968,565 285,309,353
56 6,211,692 3,209,730 3,001,962 282,307,391
57 6,211,692 3,175,958 3,035,734 279,271,657
58 6,211,692 3,141,806 3,069,886 276,201,772
59 6,211,692 3,107,270 3,104,422 273,097,349
60 6,211,692 3,072,345 3,139,347 269,958,002
61 6,211,692 3,037,028 3,174,665 266,783,338
62 6,211,692 3,001,313 3,210,380 263,572,958
63 6,211,692 2,965,196 3,246,496 260,326,462

Page 11 of 17
Cuadro No. 5.4
Tabla de Amortización
(En RD$)

Proyecto
Monto 407,927,832
Tasa Interes 13.50%
Plazo 11 años
Gracia 1 años
Amortización 10 años
Pagos Anuales 12
Intereses periodo de 55,070,257.37
64 6,211,692 2,928,673 3,283,019 257,043,443
65 6,211,692 2,891,739 3,319,953 253,723,489
66 6,211,692 2,854,389 3,357,303 250,366,187
67 6,211,692 2,816,620 3,395,072 246,971,114
68 6,211,692 2,778,425 3,433,267 243,537,847
69 6,211,692 2,739,801 3,471,891 240,065,956
70 6,211,692 2,700,742 3,510,950 236,555,006
71 6,211,692 2,661,244 3,550,448 233,004,558
72 6,211,692 2,621,301 3,590,391 229,414,167
73 6,211,692 2,580,909 3,630,783 225,783,384
74 6,211,692 2,540,063 3,671,629 222,111,755
75 6,211,692 2,498,757 3,712,935 218,398,820
76 6,211,692 2,456,987 3,754,705 214,644,115
77 6,211,692 2,414,746 3,796,946 210,847,169
78 6,211,692 2,372,031 3,839,661 207,007,508
79 6,211,692 2,328,834 3,882,858 203,124,650
80 6,211,692 2,285,152 3,926,540 199,198,110
81 6,211,692 2,240,979 3,970,713 195,227,397
82 6,211,692 2,196,308 4,015,384 191,212,013
83 6,211,692 2,151,135 4,060,557 187,151,456
84 6,211,692 2,105,454 4,106,238 183,045,218
85 6,211,692 2,059,259 4,152,433 178,892,785
86 6,211,692 2,012,544 4,199,148 174,693,636
87 6,211,692 1,965,303 4,246,389 170,447,248
88 6,211,692 1,917,532 4,294,161 166,153,087
89 6,211,692 1,869,222 4,342,470 161,810,617
90 6,211,692 1,820,369 4,391,323 157,419,295
91 6,211,692 1,770,967 4,440,725 152,978,570
92 6,211,692 1,721,009 4,490,683 148,487,887
93 6,211,692 1,670,489 4,541,203 143,946,683
94 6,211,692 1,619,400 4,592,292 139,354,391
95 6,211,692 1,567,737 4,643,955 134,710,436
96 6,211,692 1,515,492 4,696,200 130,014,237

Page 12 of 17
Cuadro No. 5.4
Tabla de Amortización
(En RD$)

Proyecto
Monto 407,927,832
Tasa Interes 13.50%
Plazo 11 años
Gracia 1 años
Amortización 10 años
Pagos Anuales 12
Intereses periodo de 55,070,257.37
97 6,211,692 1,462,660 4,749,032 125,265,205
98 6,211,692 1,409,234 4,802,459 120,462,746
99 6,211,692 1,355,206 4,856,486 115,606,260
100 6,211,692 1,300,570 4,911,122 110,695,138
101 6,211,692 1,245,320 4,966,372 105,728,767
102 6,211,692 1,189,449 5,022,243 100,706,523
103 6,211,692 1,132,948 5,078,744 95,627,779
104 6,211,692 1,075,813 5,135,880 90,491,900
105 6,211,692 1,018,034 5,193,658 85,298,242
106 6,211,692 959,605 5,252,087 80,046,155
107 6,211,692 900,519 5,311,173 74,734,982
108 6,211,692 840,769 5,370,924 69,364,058
109 6,211,692 780,346 5,431,346 63,932,712
110 6,211,692 719,243 5,492,449 58,440,263
111 6,211,692 657,453 5,554,239 52,886,024
112 6,211,692 594,968 5,616,724 47,269,300
113 6,211,692 531,780 5,679,912 41,589,387
114 6,211,692 467,881 5,743,811 35,845,576
115 6,211,692 403,263 5,808,429 30,037,146
116 6,211,692 337,918 5,873,774 24,163,372
117 6,211,692 271,838 5,939,854 18,223,518
118 6,211,692 205,015 6,006,677 12,216,841
119 6,211,692 137,439 6,074,253 6,142,588
120 6,211,692 69,104 6,142,588 0

Page 13 of 17
Cuadro No. 6.4
Análisis de Sensibilidad con Financiamiento
Resultado Indicadores

Punto
Situaciones de Sensibilidad VAN (RD$) TIR (%) R-B/C
Equilibrio

a) Sin Sensibilizar 588,746,026 67.3% 0.15 14.5%

c) Reducción Producción en 5% 437,606,679 54.1% 0.12 15.6%

b) Reducción Precios en 5% 391,348,893 50.0% 0.10 15.8%

b) Efecto Combinado (a y b) 247,153,426 36.9% 0.06 17.0%


Cuadro No. 6.4.4
Flujo de Caja, TIR, VAN (Proyecto Puro)

Detalle Año 0 Año 1 Año 2 Año 3 Año 4 Año 5 Año 6 Año 7 Año 8 Año 9 Año 10

1 2 3 4 5 6 7 8 9 10
Total Ingresos 697,936,500 781,948,800 849,570,750 919,398,600 991,184,400 1,065,672,000 1,112,526,000 1,159,380,000 1,206,234,000 1,254,729,600

Egresos
Inversión 564,938,274
Costos 558,744,298 607,965,257 653,503,917 696,724,546 744,376,367 793,488,684 814,788,141 836,957,244 860,082,955 884,476,937
Gastos Operacionales 21,727,853 23,900,638 26,290,702 28,731,593 31,604,752 34,765,227 38,241,750 42,065,925 46,272,518 50,899,769
ISR 3,292,124 11,759,526 17,427,106 24,319,894 30,608,602 37,275,674 44,068,511 50,739,970 57,285,903 64,059,293
Total Egresos 564,938,274 583,764,276 643,625,421 697,221,724 749,776,033 806,589,721 865,529,585 897,098,403 929,763,139 963,641,375 999,435,999

Flujo Neto -564,938,274 114,172,224 138,323,379 152,349,026 169,622,567 184,594,679 200,142,415 215,427,597 229,616,861 242,592,625 255,293,601

TIR 25.9%
VAN (13.5%) 362,785,283
Recuperación Inversión -564,938,274 -450,766,050 -312,442,671 -160,093,645 9,528,922 194,123,601 394,266,016 609,693,613 839,310,474 1,081,903,099 1,337,196,699
Cuadro No. 6.4.2
Flujo de Caja, TIR, VAN (Proyecto Puro)

Detalle Año 0 Año 1 Año 2 Año 3 Año 4 Año 5 Año 6 Año 7 Año 8 Año 9 Año 10

1 2 3 4 5 6 7 8 9 10
Total Ingresos 697,936,500 781,948,800 849,570,750 919,398,600 991,184,400 1,065,672,000 1,112,526,000 1,159,380,000 1,206,234,000 1,254,729,600

Egresos
Inversión 564,527,783
Costos 550,299,911 598,469,573 643,162,972 685,508,720 732,259,182 780,434,233 801,123,268 822,681,948 845,197,237 868,969,996
Gastos Operacionales 21,727,853 23,900,638 26,290,702 28,731,593 31,604,752 34,765,227 38,241,750 42,065,925 46,272,518 50,899,769
ISR 5,403,221 14,133,447 20,012,342 27,123,851 33,637,898 40,539,286 47,484,730 54,308,794 61,007,332 67,936,029
Total Egresos 564,527,783 577,430,985 636,503,658 689,466,016 741,364,164 797,501,832 855,738,747 886,849,748 919,056,667 952,477,087 987,805,794

Flujo Neto -564,527,783 120,505,515 145,445,142 160,104,734 178,034,436 193,682,568 209,933,253 225,676,252 240,323,333 253,756,913 266,923,806

TIR 27.4%
VAN (13.5%) 409,043,068
Recuperación Inversión -564,527,783 -444,022,268 -298,577,126 -138,472,392 39,562,044 233,244,613 443,177,866 668,854,118 909,177,451 1,162,934,364 1,429,858,170
Cuadro No. 6.4.6
Flujo de Caja, TIR, VAN (Proyecto Puro)

Detalle Año 0 Año 1 Año 2 Año 3 Año 4 Año 5 Año 6 Año 7 Año 8 Año 9 Año 10

1 2 3 4 5 6 7 8 9 10
Total Ingresos 663,039,675 742,851,360 807,092,213 873,428,670 941,625,180 1,012,388,400 1,056,899,700 1,101,411,000 1,145,922,300 1,191,993,120

Egresos
Inversión 564,527,783
Costos 550,299,911 598,469,573 643,162,972 685,508,720 732,259,182 780,434,233 801,123,268 822,681,948 845,197,237 868,969,996
Gastos Operacionales 21,727,853 23,900,638 26,290,702 28,731,593 31,604,752 34,765,227 38,241,750 42,065,925 46,272,518 50,899,769
ISR 0 4,359,087 9,392,707 15,631,368 21,248,093 27,218,386 33,578,155 39,816,544 45,929,407 52,251,909
Total Egresos 564,527,783 572,027,764 626,729,298 678,846,382 729,871,681 785,112,027 842,417,847 872,943,173 904,564,417 937,399,162 972,121,674

Flujo Neto -564,527,783 91,011,911 116,122,062 128,245,831 143,556,989 156,513,153 169,970,553 183,956,527 196,846,583 208,523,138 219,871,446

TIR 21.2%
VAN (13.5%) 218,589,815
Recuperación Inversión -564,527,783 -473,515,872 -357,393,810 -229,147,979 -85,590,990 70,922,163 240,892,716 424,849,244 621,695,826 830,218,965 1,050,090,411