NIT 89

RAZON SOCIAL CE
CIUDAD C
DEPARTAMENTO NORTE D
CUENTAS BALANCE GEN
2010
Caja 34,242
Bancos 2,436,033
Cuentas de ahorro 1,978,731
Fondos 97,588
Disponible 4,546,594
Inversiones CP 9,888,857
Clientes 15,195,096
Cuentas por cobrar a vinculados económicos 0
Anticipos y avances 23,895
Ingresos por cobrar 126,963
Anticipo de impuestos y contribuciones o saldos a favor 2,883,097
Cuentas por cobrar a trabajadores 163,181
Deudores varios 380,114
Provisiones -166,728
Deudores CP 18,605,618
Materias primas 5,493,644
Productos en proceso 147,663
Productos terminados 7,342,870
Mercancías no fabricadas por la empresa 1,555,840
Materiales, repuestos y accesorios 3,836,035
Envases y empaques 785,099
Inventarios en tránsito 105,000
Provisiones -161,878
Inventarios CP 19,104,273
Gastos pagados por anticipado 142,305
Cargos diferidos 1,014,734
Amortización acumulada 0
Diferidos CP 1,157,039
Total activo corriente 53,302,381
Inversiones LP 53,682
Propiedades, planta y equipo 28,190,806
Crédito mercantil 0
Marcas 0
Patentes 0
Concesiones y franquicias 0
Derechos 207,580
Know how 0
Licencias 0
Amortización acumulada -39,075
Provisiones 0
Intangibles LP 168,505
De inversiones 162,408
De propiedades, planta y equipo 20,047,808
Valorizaciones 20,210,216
Total activo no corriente 48,623,209
Total Activo 101,925,590
Obligaciones financieras CP 2,429,610
Proveedores CP 8,218,000
A contratistas 26,376
Costos y gastos por pagar 5,146,919
Retención en la fuente 291,635
Impuesto a las ventas retenido 145,273
Impuesto de industria y comercio retenido 24,370
Retenciones y aportes de nómina 438,540
Acreedores varios 81,276
Cuentas por pagar CP 6,154,389
Impuestos, gravámenes y tasas CP 238,037
Obligaciones laborales CP 1,528,185
Para costos y gastos 417,972
Provisiones diversas 4,438
Pasivos estimados y provisiones CP 422,410
Diferidos CP 0
Anticipos y avances recibidos 451,954
Depósitos recibidos 374,850
Otros pasivos CP 826,804
Total pasivo corriente 19,817,435
Obligaciones financieras LP 2,972,110
Impuestos, gravámenes y tasas LP 0
Obligaciones laborales LP 92,572
Impuestos diferidos 1,316,388
Diferidos LP 1,316,388
Total pasivo no corriente 4,381,070
Total pasivo 24,198,505
Capital suscrito y pagado 724,539
Capital social 724,539
Prima en colocación de acciones, cuotas o partes de interés social 18,060
Superávit de capital 18,060
 Reservas 25,736,256
Revalorización del patrimonio 13,462,520
Resultados del ejercicio 1,579,929
Utilidades acumuladas 15,995,565
Pérdidas acumuladas 0
Resultados de ejercicios anteriores 15,995,565
Superávit por valorizaciones 20,210,216
Total patrimonio 77,727,085
Total pasivo y patrimonio 101,925,590
Derechos contingentes 0
Deudoras fiscales 4,352,445
Deudoras de control 14,195,099
Cuentas de orden acreedoras 18,547,544
Responsabilidades contingentes 8,226,989
Acreedoras fiscales 0
Acreedoras de control 0
Cuentas de orden deudoras 8,226,989
R
CUENTAS ESTADO DE RESULT
2010
Ingresos operacionales 104,801,358
Costo de ventas y de prestación de servicios 71,609,911
Utilidad (pérdida) bruta 33,191,447
Margen Bruto
Operacionales de administración 7,962,512
Operacionales de ventas 23,330,449
Utilidad (pérdida) operacional 1,898,486
Margen Operacional
Ingresos no operacionales 3,918,953
Gastos no operacionales 3,470,035
Utilidad (pérdida) antes de impuestos 2,347,404
Margen antes de impuestos
Impuesto de renta y complementarios 767,475
Utilidad (pérdida) neta 1,579,929
Margen neto
R
Proyecto de distribucion de utilidades
Utilidad (pérdida) neta 1,579,929
Reserva legal (20%) 315,986
Utilidad por distribuir 1,263,943
Marzo/31/2011
Pasivo dividentos por pagar 1,263,943
 890503314
CERAMICA
CUCUTA
NORTE DE SANTANDER
BALANCE GENERAL ANÁLISI
2011 2012 2013 2014 2015 2010
32,299 17,820 22,203 27,324 53,568 0.03%
2,060,714 874,279 2,614,833 3,692,822 4,176,238 2.39%
1,804,340 1,358,209 5,306,923 1,671,128 2,645,226 1.94%
0 0 0 0 0 0.10%
3,897,353 2,250,308 7,943,959 5,391,274 6,875,032 4.46%
7,194,856 8,659,836 8,677,108 13,562,339 10,463,008 9.70%
27,374,360 28,953,510 31,819,923 30,353,950 30,400,043 14.91%
0 0 0 0 1,300,000 0.00%
25,097 885 431,373 188,920 496,490 0.02%
52,219 25,968 36,551 125,473 134,198 0.12%
4,345,294 2,104,792 1,819,375 3,060,113 3,272,568 2.83%
126,346 107,281 125,060 246,784 342,412 0.16%
0 0 0 0 0 0.37%
-14,426 -152,306 -146,406 -2,806,150 -3,610,277 -0.16%
31,908,890 31,040,130 34,085,876 31,169,090 32,335,434 18.25%
5,768,064 5,474,515 5,111,608 5,568,903 4,834,524 5.39%
45,774 64,715 215,941 152,474 170,419 0.14%
7,743,683 6,580,871 7,730,259 11,328,021 14,058,273 7.20%
2,007,749 1,871,386 2,210,156 1,750,454 1,695,312 1.53%
2,985,723 3,111,185 3,123,834 2,751,502 3,031,969 3.76%
443,747 467,867 318,079 304,026 256,095 0.77%
707,987 1,571,528 1,655,774 2,179,696 952,928 0.10%
-250,000 0 0 -573,913 0 -0.16%
19,452,727 19,142,067 20,365,651 23,461,163 24,999,520 18.74%
176,834 212,661 112,775 137,679 184,127 0.14%
883,606 73,640 0 184,847 0 1.00%
0 0 0 0 0 0.00%
1,060,440 286,301 112,775 322,526 184,127 1.14%
63,514,266 61,378,642 71,185,369 73,906,392 74,857,121 52.30%
53,682 53,682 51,154 2,052,154 1,744,845 0.05%
23,692,399 10,231,390 20,661,866 22,275,715 22,756,046 27.66%
0 0 0 0 0 0.00%
0 0 0 0 0 0.00%
0 0 0 0 0 0.00%
0 0 476,225 476,225 994,778 0.00%
 252,586 2,532,223 3,974,677 3,573,555 6,617,329 0.20%
0 0 0 0 0 0.00%
0 0 0 0 0 0.00%
-60,042 -161,101 -406,933 -244,967 -635,262 -0.04%
0 0 0 0 0 0.00%
192,544 2,371,122 4,043,969 3,804,813 6,976,845 0.17%
169,380 166,818 175,415 178,834 185,362 0.16%
32,236,885 18,993,671 25,787,665 35,691,221 35,691,221 19.67%
32,406,265 19,160,489 25,963,080 35,870,055 35,876,583 19.83%
56,344,890 31,816,683 50,720,069 64,002,737 67,354,319 47.70%
119,859,156 93,195,325 121,905,438 137,909,129 142,211,440 100.00%
4,197,507 4,328,599 3,974,754 4,620,016 6,127,133 2.38%
11,163,855 9,984,176 11,524,127 14,575,515 14,976,254 8.06%
33,098 0 0 0 0 0.03%
6,725,855 6,035,182 7,806,198 6,873,030 8,194,800 5.05%
336,086 240,496 255,796 360,473 466,146 0.29%
169,978 174,289 52,397 61,530 64,522 0.14%
24,502 31,114 30,516 29,727 29,309 0.02%
180,751 128,869 122,756 100,133 129,143 0.43%
0 0 0 0 63 0.08%
7,470,270 6,609,950 8,267,663 7,424,893 8,883,983 6.04%
1,855,621 1,713,844 2,133,962 2,366,463 377,765 0.23%
1,662,845 1,620,384 1,610,220 1,671,278 1,837,877 1.50%
641,123 1,369,787 1,396,223 1,901,978 1,972,761 0.41%
434 0 0 0 0 0.00%
641,557 1,369,787 1,396,223 1,901,978 1,972,761 0.41%
0 0 0 0 0 0.00%
188,122 205,693 14,034,284 108,489 724,609 0.44%
291,895 470,382 287,597 359,886 472,355 0.37%
480,017 676,075 14,321,881 468,375 1,196,964 0.81%
27,471,672 26,302,815 43,228,830 33,028,518 35,372,737 19.44%
1,821,750 1,617,911 2,179,598 4,895,359 7,440,544 2.92%
1,659,028 829,514 0 0 0 0.00%
90,045 97,261 87,459 86,276 120,770 0.09%
1,522,328 496,894 1,579,500 1,531,953 1,445,806 1.29%
1,522,328 496,894 1,579,500 1,531,953 1,445,806 1.29%
5,093,151 3,041,580 3,846,557 6,513,588 9,007,120 4.30%
32,564,823 29,344,395 47,075,387 39,542,106 44,379,857 23.74%
724,539 724,539 724,539 724,539 724,539 0.71%
724,539 724,539 724,539 724,539 724,539 0.71%
18,060 18,060 7,584,535 7,584,535 7,584,535 0.02%
18,060 18,060 7,584,535 7,584,535 7,584,535 0.02%
 26,198,227 24,070,570 27,850,518 27,763,418 27,522,207 25.25%
10,144,464 2,565,788 2,565,788 2,565,788 1,822,788 13.21%
892,231 709,546 2,714,479 14,939,691 1,430,148 1.55%
16,910,547 16,601,939 7,427,112 8,918,998 22,870,783 15.69%
0 0 0 0 0 0.00%
16,910,547 16,601,939 7,427,112 8,918,998 22,870,783 15.69%
32,406,265 19,160,488 25,963,080 35,870,054 35,876,583 19.83%
87,294,333 63,850,930 74,830,051 98,367,023 97,831,583 76.26%
119,859,156 93,195,325 121,905,438 137,909,129 142,211,440 100.00%
0 0 0 0 0
4,352,445 4,352,445 2,737,572 2,737,572 2,737,572
14,195,099 14,195,099 14,189,313 14,189,313 14,189,313
18,547,544 18,547,544 16,926,885 16,926,885 16,926,885
9,158,672 8,866,517 8,107,146 7,262,176 6,574,371
0 0 0 0 0
0 0 0 0 0
9,158,672 8,866,517 8,107,146 7,262,176 6,574,371
R R R R R
ESTADO DE RESULTADOS ($000's)
2011 2012 2013 2014 2015
116,744,917 123,744,731 119,025,567 111,749,472 126,901,846 100%
79,884,088 83,357,257 78,176,548 72,392,335 79,544,655 68%
36,860,829 40,387,474 40,849,019 39,357,137 47,357,191 32%

7,295,946 7,022,886 6,423,238 7,720,426 8,251,027 8%

28,120,765 29,987,294 28,025,256 30,355,719 32,475,128 22%
1,444,118 3,377,294 6,400,525 1,280,992 6,631,036 2%

5,056,126 3,913,400 3,170,402 23,711,508 6,754,803 4%

4,567,226 5,654,126 5,047,648 8,326,230 10,469,936 3%
1,933,018 1,636,568 4,523,279 16,666,270 2,915,903 2%

1,040,787 927,022 1,808,800 1,726,579 1,485,755 1%

892,231 709,546 2,714,479 14,939,691 1,430,148 2%

R R R R R

892,231 709,546 2,714,479 14,939,691 1,430,148

178,446 141,909 542,896 2,987,938 286,030
713,785 567,637 2,171,583 11,951,753 1,144,118

713,785 567,637 2,171,583 11,951,753 1,144,118

 variacion absoluta /año1
año 2/año 1 -1

ANÁLISIS VERTICAL VARIACIÓN RELATIVA %

2011 2012 2013 2014 2015 2010 A 2011 2011 A 2012
0.03% 0.02% 0.02% 0.02% 0.04% -5.67% -44.83%
1.72% 0.94% 2.14% 2.68% 2.94% -15.41% -57.57%
1.51% 1.46% 4.35% 1.21% 1.86% -8.81% -24.73%
0.00% 0.00% 0.00% 0.00% 0.00% -100.00% 100.00%
3.25% 2.41% 6.52% 3.91% 4.83% -14.28% -42.26%
6.00% 9.29% 7.12% 9.83% 7.36% -27.24% 20.36%
22.84% 31.07% 26.10% 22.01% 21.38% 80.15% 5.77%
0.00% 0.00% 0.00% 0.00% 0.91% 100.00% 100.00%
0.02% 0.00% 0.35% 0.14% 0.35% 5.03% -96.47%
0.04% 0.03% 0.03% 0.09% 0.09% -58.87% -50.27%
3.63% 2.26% 1.49% 2.22% 2.30% 50.72% -51.56%
0.11% 0.12% 0.10% 0.18% 0.24% -22.57% -15.09%
0.00% 0.00% 0.00% 0.00% 0.00% -100.00% 100.00%
-0.01% -0.16% -0.12% -2.03% -2.54% -91.35% 955.77%
26.62% 33.31% 27.96% 22.60% 22.74% 71.50% -2.72%
4.81% 5.87% 4.19% 4.04% 3.40% 5.00% -5.09%
0.04% 0.07% 0.18% 0.11% 0.12% -69.00% 41.38%
6.46% 7.06% 6.34% 8.21% 9.89% 5.46% -15.02%
1.68% 2.01% 1.81% 1.27% 1.19% 29.05% -6.79%
2.49% 3.34% 2.56% 2.00% 2.13% -22.17% 4.20%
0.37% 0.50% 0.26% 0.22% 0.18% -43.48% 5.44%
0.59% 1.69% 1.36% 1.58% 0.67% 574.27% 121.97%
-0.21% 0.00% 0.00% -0.42% 0.00% 54.44% -100.00%
16.23% 20.54% 16.71% 17.01% 17.58% 1.82% -1.60%
0.15% 0.23% 0.09% 0.10% 0.13% 24.26% 20.26%
0.74% 0.08% 0.00% 0.13% 0.00% -12.92% -91.67%
0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 100.00%
0.88% 0.31% 0.09% 0.23% 0.13% -8.35% -73.00%
52.99% 65.86% 58.39% 53.59% 52.64% 19.16% -3.36%
0.04% 0.06% 0.04% 1.49% 1.23% 0.00% 0.00%
19.77% 10.98% 16.95% 16.15% 16.00% -15.96% -56.82%
0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 100.00%
0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 100.00%
0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 100.00%
0.00% 0.00% 0.39% 0.35% 0.70% 100.00% 100.00%
 0.21% 2.72% 3.26% 2.59% 4.65% 21.68% 902.52%
0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 100.00%
0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 100.00%
-0.05% -0.17% -0.33% -0.18% -0.45% 53.66% 168.31%
0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 100.00%
0.16% 2.54% 3.32% 2.76% 4.91% 14.27% 1131.47%
0.14% 0.18% 0.14% 0.13% 0.13% 4.29% -1.51%
26.90% 20.38% 21.15% 25.88% 25.10% 60.80% -41.08%
27.04% 20.56% 21.30% 26.01% 25.23% 60.35% -40.87%
47.01% 34.14% 41.61% 46.41% 47.36% 15.88% -43.53%
100.00% 100.00% 100.00% 100.00% 100.00% 17.59% -22.25%
3.50% 4.64% 3.26% 3.35% 4.31% 72.76% 3.12%
9.31% 10.71% 9.45% 10.57% 10.53% 35.85% -10.57%
0.03% 0.00% 0.00% 0.00% 0.00% 25.49% -100.00%
5.61% 6.48% 6.40% 4.98% 5.76% 30.68% -10.27%
0.28% 0.26% 0.21% 0.26% 0.33% 15.24% -28.44%
0.14% 0.19% 0.04% 0.04% 0.05% 17.01% 2.54%
0.02% 0.03% 0.03% 0.02% 0.02% 0.54% 26.99%
0.15% 0.14% 0.10% 0.07% 0.09% -58.78% -28.70%
0.00% 0.00% 0.00% 0.00% 0.00% -100.00% 100.00%
6.23% 7.09% 6.78% 5.38% 6.25% 21.38% -11.52%
1.55% 1.84% 1.75% 1.72% 0.27% 679.55% -8%
1.39% 1.74% 1.32% 1.21% 1.29% 8.81% -2.55%
0.53% 1.47% 1.15% 1.38% 1.39% 53.39% 113.65%
0.00% 0.00% 0.00% 0.00% 0.00% -90.22% -100.00%
0.54% 1.47% 1.15% 1.38% 1.39% 51.88% 113.51%
0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 100.00%
0.16% 0.22% 11.51% 0.08% 0.51% -58.38% 9.34%
0.24% 0.50% 0.24% 0.26% 0.33% -22.13% 61.15%
0.40% 0.73% 11.75% 0.34% 0.84% -41.94% 40.84%
22.92% 28.22% 35.46% 23.95% 24.87% 38.62% -4.25%
1.52% 1.74% 1.79% 3.55% 5.23% -38.71% -11.19%
1.38% 0.89% 0.00% 0.00% 0.00% 100.00% -50.00%
0.08% 0.10% 0.07% 0.06% 0.08% -2.73% 8.01%
1.27% 0.53% 1.30% 1.11% 1.02% 15.64% -67.36%
1.27% 0.53% 1.30% 1.11% 1.02% 15.64% -67.36%
4.25% 3.26% 3.16% 4.72% 6.33% 16.25% -40.28%
27.17% 31.49% 38.62% 28.67% 31.21% 34.57% -9.89%
0.60% 0.78% 0.59% 0.53% 0.51% 0.00% 0.00%
0.60% 0.78% 0.59% 0.53% 0.51% 0.00% 0.00%
0.02% 0.02% 6.22% 5.50% 5.33% 0.00% 0.00%
0.02% 0.02% 6.22% 5.50% 5.33% 0.00% 0.00%
 21.86% 25.83% 22.85% 20.13% 19.35% 1.80% -8.12%
8.46% 2.75% 2.10% 1.86% 1.28% -24.65% -74.71%
0.74% 0.76% 2.23% 10.83% 1.01% -43.53% -20.48%
14.11% 17.81% 6.09% 6.47% 16.08% 5.72% -1.82%
0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 100.00%
14.11% 17.81% 6.09% 6.47% 16.08% 5.72% -1.82%
27.04% 20.56% 21.30% 26.01% 25.23% 60.35% -40.87%
72.83% 68.51% 61.38% 71.33% 68.79% 12.31% -26.86%
100.00% 100.00% 100.00% 100.00% 100.00% 17.59% -22.25%

100% 100% 100% 100% 100% 11.40% 6.00%

68% 67% 66% 65% 63% 11.55% 4.35%
32% 33% 34% 35% 37% 11.06% 9.57%
100.00% 100.00%
6% 6% 5% 7% 7% -8.37% -3.74%
24% 24% 24% 27% 26% 20.53% 6.64%
1% 3% 5% 1% 5% -23.93% 133.87%

4% 3% 3% 21% 5% 29.02% -22.60%

4% 5% 4% 7% 8% 31.62% 23.80%
2% 1% 4% 15% 2% -17.65% -15.34%

1% 1% 2% 2% 1% 35.61% -10.93%
1% 1% 2% 13% 1% -43.53% -20.48%
VARIACIÓN RELATIVA % VARIACIÓN ABSOLUTA $
2012 A 2013 2013 A 2014 2014 A 2015 2010 A 2011 2011 A 2012 2012 A 2013
24.60% 23.06% 96.05% -1,943 -14,479 4,383
199.08% 41.23% 13.09% -375,319 -1,186,435 1,740,554
290.73% -68.51% 58.29% -174,391 -446,131 3,948,714
100.00% 100.00% 100.00% -97,588 0 0
253.02% -32.13% 27.52% -649,241 -1,647,045 5,693,651
0.20% 56.30% -22.85% -2,694,001 1,464,980 17,272
9.90% -4.61% 0.15% 12,179,264 1,579,150 2,866,413
100.00% 100.00% 100.00% 0 0 0
48642.71% -56.20% 162.80% 1,202 -24,212 430,488
40.75% 243.28% 6.95% -74,744 -26,251 10,583
-13.56% 68.20% 6.94% 1,462,197 -2,240,502 -285,417
16.57% 97.33% 38.75% -36,835 -19,065 17,779
100.00% 100.00% 100.00% -380,114 0 0
-3.87% 1816.69% 28.66% 152,302 -137,880 5,900
9.81% -8.56% 3.74% 13,303,272 -868,760 3,045,746
-6.63% 8.95% -13.19% 274,420 -293,549 -362,907
233.68% -29.39% 11.77% -101,889 18,941 151,226
17.47% 46.54% 24.10% 400,813 -1,162,812 1,149,388
18.10% -20.80% -3.15% 451,909 -136,363 338,770
0.41% -11.92% 10.19% -850,312 125,462 12,649
-32.02% -4.42% -15.77% -341,352 24,120 -149,788
5.36% 31.64% -56.28% 602,987 863,541 84,246
100.00% 100.00% -100.00% -88,122 250,000 0
6.39% 15.20% 6.56% 348,454 -310,660 1,223,584
-46.97% 22.08% 33.74% 34,529 35,827 -99,886
-100.00% 100.00% -100.00% -131,128 -809,966 -73,640
100.00% 100.00% 100.00% 0 0 0
-60.61% 185.99% -42.91% -96,599 -774,139 -173,526
15.98% 3.82% 1.29% 10,211,885 -2,135,624 9,806,727
-4.71% 3911.72% -14.97% 0 0 -2,528
101.95% 7.81% 2.16% -4,498,407 -13,461,009 10,430,476
100.00% 100.00% 100.00% 0 0 0
100.00% 100.00% 100.00% 0 0 0
100.00% 100.00% 100.00% 0 0 0
100.00% 0.00% 108.89% 0 0 476,225
 56.96% -10.09% 85.17% 45,006 2,279,637 1,442,454
100.00% 100.00% 100.00% 0 0 0
100.00% 100.00% 100.00% 0 0 0
152.59% -39.80% 159.33% -20,967 -101,059 -245,832
100.00% 100.00% 100.00% 0 0 0
70.55% -5.91% 83.37% 24,039 2,178,578 1,672,847
5.15% 1.95% 3.65% 6,972 -2,562 8,597
35.77% 38.40% 0.00% 12,189,077 -13,243,214 6,793,994
35.50% 38.16% 0.02% 12,196,049 -13,245,776 6,802,591
59.41% 26.19% 5.24% 7,721,681 -24,528,207 18,903,386
30.81% 13.13% 3.12% 17,933,566 -26,663,831 28,710,113
-8.17% 16.23% 32.62% 1,767,897 131,092 -353,845
15.42% 26.48% 2.75% 2,945,855 -1,179,679 1,539,951
100.00% 100.00% 100.00% 6,722 -33,098 0
29.34% -11.95% 19.23% 1,578,936 -690,673 1,771,016
6.36% 40.92% 29.32% 44,451 -95,590 15,300
-69.94% 17.43% 4.86% 24,705 4,311 -121,892
-1.92% -2.59% -1.41% 132 6,612 -598
-4.74% -18.43% 28.97% -257,789 -51,882 -6,113
100.00% 100.00% 100.00% -81,276 0 0
25.08% -10.19% 19.65% 1,315,881 -860,320 1,657,713
24.51% 10.90% -84.04% 1,617,584 -141,777 420,118
-0.63% 3.79% 9.97% 134,660 -42,461 -10,164
1.93% 36.22% 3.72% 223,151 728,664 26,436
100.00% 100.00% 100.00% -4,004 -434 0
1.93% 36.22% 3.72% 219,147 728,230 26,436
100.00% 100.00% 100% 0 0 0
6722.93% -99.23% 567.91% -263,832 17,571 13,828,591
-38.86% 25.14% 31.25% -82,955 178,487 -182,785
2018.39% -96.73% 155.56% -346,787 196,058 13,645,806
64.35% -23.60% 7.10% 7,654,237 -1,168,857 16,926,015
34.72% 124.60% 51.99% -1,150,360 -203,839 561,687
-100.00% 100.00% 100% 1,659,028 -829,514 -829,514
-10.08% -1.35% 39.98% -2,527 7,216 -9,802
217.87% -3.01% -5.62% 205,940 -1,025,434 1,082,606
217.87% -3.01% -5.62% 205,940 -1,025,434 1,082,606
26.47% 69.34% 38.28% 712,081 -2,051,571 804,977
60.42% -16.00% 12.23% 8,366,318 -3,220,428 17,730,992
0.00% 0.00% 0.00% 0 0 0
0.00% 0.00% 0.00% 0 0 0
41896.32% 0.00% 0.00% 0 0 7,566,475
41896.32% 0.00% 0.00% 0 0 7,566,475
 15.70% -0.31% -0.87% 461,971 -2,127,657 3,779,948
0.00% 0.00% -28.96% -3,318,056 -7,578,676 0
282.57% 450.37% -90.43% -687,698 -182,685 2,004,933
-55.26% 20.09% 156.43% 914,982 -308,608 -9,174,827
100.00% 100.00% 100.00% 0 0 0
-55.26% 20.09% 156.43% 914,982 -308,608 -9,174,827
35.50% 38.16% 0.02% 12,196,049 -13,245,777 6,802,592
17.19% 31.45% -0.54% 9,567,248 -23,443,403 10,979,121
30.81% 13.13% 3.12% 17,933,566 -26,663,831 28,710,113

-3.81% -6.11% 13.56% 11,943,559 6,999,814 -4,719,164

-6.22% -7.40% 9.88% 8,274,177 3,473,169 -5,180,709
1.14% -3.65% 20.33% 3,669,382 3,526,645 461,545
100.00% 100.00% 100.00% 0 0 0
-8.54% 20.20% 6.87% -666,566 -273,060 -599,648
-6.54% 8.32% 6.98% 4,790,316 1,866,529 -1,962,038
89.52% -79.99% 417.65% -454,368 1,933,176 3,023,231

-18.99% 647.90% -71.51% 1,137,173 -1,142,726 -742,998

-10.73% 64.95% 25.75% 1,097,191 1,086,900 -606,478
176.39% 268.46% -82.50% -414,386 -296,450 2,886,711

95.12% -4.55% -13.95% 273,312 -113,765 881,778

282.57% 450.37% -90.43% -687,698 -182,685 2,004,933
LUTA $
2014 A 2015
26,244
483,416
974,098
0
1,483,758
-3,099,331
46,093
1,300,000
307,570
8,725
212,455
95,628
0
-804,127
1,166,344
-734,379
17,945
2,730,252
-55,142
280,467
-47,931
-1,226,768
573,913
1,538,357
46,448
-184,847
0
-138,399
950,729
-307,309
480,331
0
0
0
518,553
 3,043,774
0
0
-390,295
0
3,172,032
6,528
0
6,528
3,351,582
4,302,311
1,507,117
400,739
0
1,321,770
105,673
2,992
-418
29,010
63
1,459,090
-1,988,698
166,599
70,783
0
70,783
0
616,120
112,469
728,589
2,344,219
2,545,185
0
34,494
-86,147
-86,147
2,493,532
4,837,751
0
0
0
0
 -241,211
-743,000
-13,509,543
13,951,785
0
13,951,785
6,529
-535,440
4,302,311

15,152,374
7,152,320
8,000,054
0
530,601
2,119,409
5,350,044

-16,956,705
2,143,706
-13,750,367

-240,824
-13,509,543
 RETSAL S.A.
INDICADORES DE SOLVENCIA

Activo Corriente
Razón Corriente =
Pasivo Corriente

Activo Corriente- Inventarios

Prueba Acida
Pasivo Corriente

Efectivo en Caja y Bancos

Prueba Súper Acida =
Pasivo Corriente

Activo Corriente - Pasivo Corriente

Capital de Trabajo

Capital de Trabajo Neto Operativo Ctas por cobrar + inventarios -

KTNO Cuentas por pagar

Periodo promedio de cobranza ctas por cobrar por 365

Ventas a credito

Rotación de las ctas por cobrar ventas a credito

ctas por cobrar

Rotación de inventarios costo de ventas

inventaris

Duración promedio de inventarios 365

Rotacion de invent.
Rotación de Activos fijos ventas
activos fijos
L S.A.
DE SOLVENCIA

2014 2015
Activo Corriente 2.24 2.12
=
Pasivo Corriente

Activo Corriente- Inventarios 1.53 1.41

=
Pasivo Corriente

Efectivo en Caja y Bancos 0.11 0.12

=
Pasivo Corriente

Activo Corriente - Pasivo Corriente 40,877,874 39,484,384

=

Ctas por cobrar + inventarios - 40,054,738 42,358,700

=
Cuentas por pagar

ctas por cobrar por 365 101.81 93.00

=
Ventas a credito

ventas a credito 3.59 3.92

=
ctas por cobrar

costo de ventas 3.09 3.18

=
inventaris

365 118.29 114.71

=
Rotacion de invent.
 ventas 1.75 1.88
=
activos fijos
días

veces

veces

días
 RETSAL S.A.
INDICADORES DE RENTABILIDA

EBITDA

Fórmula Ebitda = Utilidad de Operaciones

2014

UAII + AMORTIZACIONES
EBITDA = 1,525,959
DEPRECIACIONES

EBITDA
MARGEN EBITDA = 1.37%
INGRESOS
S DE RENTABILIDAD

tilidad de Operaciones + Gasto por Depreciación + Gasto por amortizaciones

2015

7,266,298

5.73%
 RETSAL S.A.
INDICADORES DE RENTABILIDAD

Utilidad Neta
Rendimiento del Patrimonio ROE =
Patrimonio

Utilidad Neta
Rendimiento del Activo Total ROA
Activo Total Bruto

Utilidad Bruta
Margen Bruto =
Ventas Netas

Utilidad Operacional
Margen Operacional =
Ventas Netas

Utilidad Neta
Margen Neto =
Ventas Netas
 2,014 2015

15.19% 1.46%
=

10.83% 1.01%
=

35.22% 37.32%
=

1.15% 5.23%
=

13.37% 1.13%
=
 RETSAL S.A.
INDICADORES DE ENDEUDAMIENTO

Total Pasivo con terceros

Nivel de endeudamiento =
Total Activo

Pasivo Corriente
Endeudamiento en el Corto Plazo =
Pasivo Total con Terceros

Gastos Financieros
Impacto de la carga financiera=
Ventas

Utilidad de Operación (EBIT)

Cobertura de Intereses =
Gastos Financieros

EBITDA
Flujo de Efectivo a deuda y capitaliz =
Pasivos Totales
O

2014 2015

Total Pasivo con terceros 28.7% 31.2%

Total Activo

Pasivo Corriente 83.53% 79.70%

=
Pasivo Total con Terceros

Gastos Financieros 7.5% 8.3%

=
Ventas

tilidad de Operación (EBIT) 0.2 0.6

=
Gastos Financieros

EBITDA 0.04 0.16

=
Pasivos Totales