Datos de entrada

Unidades a Vender 500,000

Precio Unitario 360
Spread sobre precio unitario 1.50%
Incremento precio unitario 5.05%
Cartera dias 30
Cartera en años 0.08
Comision por venta 1.5%
Plazo pago comision venta 30
Plazo pago comision por venta
años 0.08
Spread Crecimiento costo 1.3%
tasa de crecimiento costos 4.85%
Costo Materia Prima Directa
Unitaria 70
Costo Mano de Obra Directa
Unitaria 50
Gastos indirectos de Fabricación
Unitarios 30
Costos fijos Anuales 16,000,000
Inventario Inicial 15,000,000
% inventarios 10%
Valor inversión inicial 120,000,000
Apalancamiento financiero 40%
Vida Util Inversion Inicial 7
Valor salvamento 15%
Tasa Impuestos 35%
Inflacion 3.5%
Crecimiento en ventas en
unidades 4.0%
Tasa de credito anual 12.0000%
Tasa interna de oportunidad 19.2543%
Valor credito 48,000,000
Tasa 12.0000%
plazo 7
0 1 2 3
Saldo final 48,000,000 43,242,349 37,913,779 31,945,781
Intereses 5,760,000 5,189,082 4,549,654
amortización 4,757,651 5,328,569 5,967,998
Cuota 10,517,651 10,517,651 10,517,651
 4 5 6 7
25,261,624 17,775,367 9,390,760 -
3,833,494 3,031,395 2,133,044 1,126,891
6,684,158 7,486,256 8,384,607 9,390,760
10,517,651 10,517,651 10,517,651 10,517,651
Valor adquisición 120,000,000
Valor de salvamento 18,000,000
Vida util 7
0 1 2
Valor inicial 120,000,000 105,428,571
Depreciacion del periodo 14,571,429 14,571,429
Depreciación acumulada 14,571,429 29,142,857
Valor neto final 105,428,571 90,857,143
 3 4 5 6 7
90,857,143 76,285,714 61,714,286 47,142,857 32,571,429
14,571,429 14,571,429 14,571,429 14,571,429 14,571,429
43,714,286 58,285,714 72,857,143 87,428,571 102,000,000
76,285,714 61,714,286 47,142,857 32,571,429 18,000,000
 0 1 2 3
Ventas 180,000,000 196,658,280 214,858,217
Costos de ventas 91,000,000 98,339,490 106,311,400
MOD 25,000,000 27,259,830 29,723,933
MD 35,000,000 38,163,762 41,613,507
CIF 15,000,000 16,355,898 17,834,360
Costos fijos 16,000,000 16,560,000 17,139,600
Utilidad Bruta 89,000,000 98,318,790 108,546,817
Gastos de ventas 2,700,000 2,949,874 3,222,873
Depreciación 14,571,429 14,571,429 14,571,429
Utilidad Operacional 71,728,571 80,797,487 90,752,516
Ingresos no oper
gastos financieros 5,760,000 5,189,082 4,549,654
UAI 65,968,571 75,608,405 86,202,862
Impuestos 23,089,000 26,462,942 30,171,002
Utilidad neta 42,879,571 49,145,464 56,031,860

Impuestos sin
financiación 25,105,000 28,279,121 31,763,380

Escudo Fiscal 2,016,000 1,816,179 1,592,379

 4 5 6 7
234,742,486 256,466,964 280,201,955 306,133,526
114,971,810 124,381,833 134,608,065 145,723,083
32,410,775 35,340,488 38,535,028 42,018,333
45,375,085 49,476,684 53,949,039 58,825,666
19,446,465 21,204,293 23,121,017 25,211,000
17,739,486 18,360,368 19,002,981 19,668,085
119,770,676 132,085,131 145,593,890 160,410,442
3,521,137 3,847,004 4,203,029 4,592,003
14,571,429 14,571,429 14,571,429 14,571,429
101,678,110 113,666,698 126,819,432 141,247,011

3,833,494 3,031,395 2,133,044 1,126,891

97,844,616 110,635,303 124,686,388 140,120,120
34,245,616 38,722,356 43,640,236 49,042,042
63,599,000 71,912,947 81,046,152 91,078,078

35,587,338 39,783,344 44,386,801 49,436,454

1,341,723 1,060,988 746,565 394,412

 0 1 2 3 4 5 6 7
Ingresos por Ventas 165,000,000 195,270,090 213,341,556 233,085,463 254,656,591 278,224,039 303,972,561
165,000,000 180,270,090 196,953,366 215,180,612 235,094,717 256,851,793 280,622,399
Ingresos de vtas del periodo
Recuperación de cartera 0 15,000,000 16,388,190 17,904,851 19,561,874 21,372,247 23,350,163
Pago costos 110,665,828 119,825,312 129,785,648 140,618,507 152,402,029 165,221,418 145,723,083
Pago costos del periodo 91,000,000 98,339,490 106,311,400 114,971,810 124,381,833 134,608,065 145,723,083
Pago de costos anteriores
Compra de inventarios 19,665,828 21,485,822 23,474,249 25,646,696 28,020,196 30,613,353 -
Pago de gastos 2,475,000 26,018,051 29,663,065 33,667,284 38,065,464 42,895,717 48,199,824
Pago gastos del periodo 2,475,000 2,704,051 2,954,300 3,227,709 3,526,421 3,852,777 4,209,336
Pago de gastos anteriores 0 225,000 245,823 268,573 293,428 320,584 350,252
Pago de impuestos 0 23,089,000 26,462,942 30,171,002 34,245,616 38,722,356 43,640,236
Flujo de caja operacional 51,859,172 49,426,727 53,892,842 58,799,673 64,189,098 70,106,905 110,049,654
Compra de activos
Venta de activos 18000000
CAPEX FC Inversión
Aportes de capital
Repartición de dividendo
creditos recibidos
Intereses pagados 5,760,000 5,189,082 4,549,654 3,833,494 3,031,395 2,133,044 1,126,891
amortizacion de creditos 4,757,651 5,328,569 5,967,998 6,684,158 7,486,256 8,384,607 9,390,760
FC Financiación - 10,517,651 - 10,517,651 - 10,517,651 - 10,517,651 - 10,517,651 - 10,517,651 - 10,517,651

Flujo de caja neto 41,341,521 38,909,076 43,375,191 48,282,022 53,671,446 59,589,254 99,532,003

FCL ante de Imptos - 135,000,000 51,859,172 72,515,727 80,355,784 88,970,675 98,434,713 108,829,261 153,689,890
pago de Imptos sin fin - 23,089,000 26,462,942 30,171,002 34,245,616 38,722,356 43,640,236

Flujo de Caja Libre - 135,000,000 51,859,172 49,426,727 53,892,842 58,799,673 64,189,098 70,106,905 110,049,654

Flujo de ingresos 165,000,000 195,270,090 213,341,556 233,085,463 254,656,591 278,224,039 321,972,561

Flujo de costos y gastos 113,140,828 168,932,363 185,911,655 204,456,792 224,713,109 246,839,491 237,563,143

TIR 37.9263%
VPN $87,158,799.41
Costo beneficio 1.01
Flujo de caja de
Financiación 48,000,000 - 8,501,651 - 8,701,473 - 8,925,273 - 9,175,929 - 9,456,663 - 9,771,086 - 10,123,239

TIR 7.80%
 0 1 2 3 4 5 6 7
Activo 135,000,000 196,435,920 243,647,579 297,442,251 358,456,563 427,387,150 504,996,243 592,117,781
Activos Corrientes 15,000,000 91,007,349 152,790,436 221,156,537 296,742,277 380,244,292 472,424,815 574,117,781
Disponible 41,341,521 80,250,596 123,625,787 171,907,809 225,579,255 285,168,509 384,700,511
ctas xcobrar 15,000,000 16,388,190 17,904,851 19,561,874 21,372,247 23,350,163 25,511,127
Inventarios 15,000,000 34,665,828 56,151,650 79,625,898 105,272,595 133,292,790 163,906,143 163,906,143

Activos fijos 120,000,000 105,428,571 90,857,143 76,285,714 61,714,286 47,142,857 32,571,429 18,000,000
Maquinaria 120,000,000 120,000,000 120,000,000 120,000,000 120,000,000 120,000,000 120,000,000 120,000,000
Depreciación acum 14,571,429 29,142,857 43,714,286 58,285,714 72,857,143 87,428,571 102,000,000

Pasivo 48,000,000 66,556,349 64,622,544 62,385,356 59,800,668 56,818,307 53,381,248 49,424,709

Gastos por pagar 225,000 245,823 268,573 293,428 320,584 350,252 382,667
Impuestos por pagar 23,089,000 26,462,942 30,171,002 34,245,616 38,722,356 43,640,236 49,042,042
Obligacion financiera 48,000,000 43,242,349 37,913,779 31,945,781 25,261,624 17,775,367 9,390,760 -

Patrimonio 87,000,000 129,879,571 179,025,035 235,056,895 298,655,896 370,568,843 451,614,995 542,693,073

Capital 87,000,000 87,000,000 87,000,000 87,000,000 87,000,000 87,000,000 87,000,000 87,000,000
Reserva
Utilidad del ejercicio 42,879,571 49,145,464 56,031,860 63,599,000 71,912,947 81,046,152 91,078,078
Utilidades retenidas 42,879,571 92,025,035 148,056,895 211,655,896 283,568,843 364,614,995

Verificación $ - $ - $ - $ - $ - $ - $ - $ -