Datos de entrada

Min
Unidades a Vender 500,000 400,000
Precio Unitario 360 250
Spread sobre precio unitario 1.50%
Incremento precio unitario 5.05%
Cartera dias 30.00
Cartera en años 0.08
Comision por venta 1.5%
Plazo pago comision venta 30.00
Plazo pago comision por venta
años 0.08
Spread Crecimiento costo 1%
tasa de crecimiento costos 4.8%
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% mean
Inflacion 2.0% 2.0%
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 94,954,125 99,090,742
MOD 25,000,000 26,211,375 27,481,447
MD 35,000,000 36,695,925 38,474,026
CIF 15,000,000 15,726,825 16,488,868
Costos fijos 16,000,000 16,320,000 16,646,400
Utilidad Bruta 89,000,000 101,704,155 115,767,476
Gastos de ventas 2,700,000 2,836,418 2,979,727
Depreciación 14,571,429 14,571,429 14,571,429
Utilidad Operacional 71,728,571 84,296,309 98,216,320
Ingresos no oper
gastos financieros 5,760,000 5,189,082 4,549,654
UAI 65,968,571 79,107,227 93,666,666
Impuestos 23,089,000 27,687,529 32783333.12976
Utilidad neta 42,879,571 51,419,698 60,883,333

Impuestos sin
financiación 25,105,000 29,503,708 34,375,712

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
103,418,510 107,946,507 112,684,246 117,641,695
28,813,061 30,209,198 31,672,984 33,207,699
40,338,285 42,292,877 44,342,178 46,490,778
17,287,836 18,125,519 19,003,791 19,924,619
16,979,328 17,318,915 17,665,293 18,018,599
131,323,976 148,520,457 167,517,710 188,491,831
3,130,278 3,288,436 3,454,584 3,629,127
14,571,429 14,571,429 14,571,429 14,571,429
113,622,269 130,660,593 149,491,698 170,291,276

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

109,788,775 127,629,198 147,358,654 169,164,385
38426071.2816 44670219.17664 51575528.7458 59207534.5915
71,362,704 82,958,978 95,783,125 109,956,850

39,767,794 45,731,207 52,322,094 59,601,947

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 110,665,828 116,439,947 122,564,990 129,065,206 135,966,703 143,297,598 117,641,695
Pago costos del periodo 91,000,000 94,954,125 99,090,742 103,418,510 107,946,507 112,684,246 117,641,695
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 25,914,049 30,655,314 35,901,065 41,701,327 48,110,957 55,190,110
Pago gastos del periodo 2,475,000 2,600,049 2,731,417 2,869,422 3,014,399 3,166,702 3,326,699
Pago de gastos anteriores 0 225,000 236,368 248,311 260,857 274,036 287,882
Pago de impuestos 0 23,089,000 27,687,529 32,783,333 38,426,071 44,670,219 51,575,529
Flujo de caja operacional 51,859,172 52,916,094 60,121,251 68,119,191 76,988,561 86,815,484 131,140,757
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 62,376,823 63,433,745 70,638,902 78,636,843 87,506,212 97,333,136 141,658,408

FCL ante de Imptos - 135,000,000 51,859,172 76,005,094 87,808,781 100,902,525 115,414,632 131,485,703 182,716,285
pago de Imptos sin fin - 23,089,000 27,687,529 32,783,333 38,426,071 44,670,219 51,575,529

Flujo de Caja Libre - 135,000,000 51,859,172 52,916,094 60,121,251 68,119,191 76,988,561 86,815,484 131,140,757

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 113,140,828 165,442,996 180,907,834 197,749,605 216,094,101 236,078,774 224,407,334

TIR 42.2343%
VPN $115,156,898.80
Costo beneficio 1.03
Flujo de caja de
Financiación 48,000,000 12,533,651 12,333,830 12,110,030 11,859,374 11,578,640 11,264,217 10,912,063

TIR Err:523
 0 1 2 3 4 5 6 7
Activo 135,000,000 246,614,080 270,116,442 315,495,748 363,852,174 415,466,518 470,645,766 529,725,515
Activos Corrientes 15,000,000 112,042,651 120,973,585 151,781,462 185,566,460 222,609,376 263,217,194 307,725,515
Disponible 62,376,823 63,433,745 70,638,902 78,636,843 87,506,212 97,333,136 141,658,408
ctas xcobrar 15,000,000 1,388,190 1,516,661 1,657,022 1,810,373 1,977,916 2,160,964
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 120,000,000 134,571,429 149,142,857 163,714,286 178,285,714 192,857,143 207,428,571 222,000,000
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 65,837,677 64,977,425 63,948,552 62,719,623 61,254,171 59,509,962

Gastos por pagar 225,000 236,368 248,311 260,857 274,036 287,882 302,427
Impuestos por pagar 23,089,000 27,687,529 32,783,333 38,426,071 44,670,219 51,575,529 59,207,535
Obligacion financiera 48,000,000 43,242,349 37,913,779 31,945,781 25,261,624 17,775,367 9,390,760 -

Patrimonio 87,000,000 129,879,571 181,299,269 242,182,602 313,545,306 396,504,284 492,287,409 602,244,259

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 51,419,698 60,883,333 71,362,704 82,958,978 95,783,125 109,956,850
Utilidades retenidas 42,879,571 94,299,269 155,182,602 226,545,306 309,504,284 405,287,409

Verificación $ - $ 50,178,160 $ 22,979,496 $ 8,335,721 -$ 13,641,683 -$ 43,757,389 -$ 82,895,814 -$ 132,028,706