PRESUPUESTO DE INVERSIONES

BALANCE PROYECTADO

ACTIVO
ACTIVO CORRIENTE 17,500,000
DISPONIBILIDAD 17,500,000
Caja 17,500,000

ACTIVO NO CORRIENTE 46,510,000

Rodados 31,500,000
1 Camioneta 30,000,000
1 Moto 1,500,000
Maquinaria y Equipos 13,990,000
1 Computadoras 2,500,000
1 Impresora 700,000
1 Bordadora 4,900,000
1 Termo Plancha 8 en 1 5,890,000
Muebles y Utiles 1,020,000
1 Mesa tablon 600,000
4 Sillas 120,000
1 Mamparas 300,000
TOTAL ACTIVO 64,010,000
PASIVO
PASIVO A CORTO PLAZO 17,500,000 Cto Pzo
Deudas Financieras 4,000,000 pmo 4,000,000
PASIVO A LARGO PLAZO 13,990,000 Lgo Pzo
Deudas Financieras 13,990,000 propio 32,520,000
TOTAL PASIVO 31,490,000 ptmo 13,990,000
46,510,000
total 50,510,000

Depreciables 46,510,000

PATRIMONIO NETO 32,520,000

Capital 32,520,000
64,010,000
 Cantidad P.U. TOTAL AÑOS VIDA UTIL CUOTA DEP.
Camioneta 1 30,000,000 30,000,000 10 #ADDIN?
Motocicleta 1 1,500,000 1,500,000 4 #ADDIN?
Computadora 1 2,500,000 2,500,000 2 #ADDIN?
Impresora 1 700,000 700,000 2 #ADDIN?
Bordadora 1 4,900,000 4,900,000 4 #ADDIN?
Termo Plancha 8 en 1 1 5,890,000 5,890,000 4 #ADDIN?
Muebles y Utiles 1 1,020,000 1,020,000 4 #ADDIN?

TOTALES 46,510,000 46,510,000 #ADDIN?

INTERES
15,173,997
396,036 #ADDIN? 10 AÑOS 4
324,408
90,834 #ADDIN? 4 AÑOS
1,293,718
1,555,102
245,542
#ADDIN? 2 AÑOS

19,079,637
Monto 1,020,000 Periodo Amortización Interes Cuota Saldo
Plazo 48 Meses 1 16,661 10,200 26,861 1,003,339
Tasa 12% 2 16,827 10,033 26,861 986,512
3 16,995 9,865 26,861 969,517
4 17,165 9,695 26,861 952,352
5 17,337 9,524 26,861 935,015
6 17,510 9,350 26,861 917,504
7 17,685 9,175 26,861 899,819
8 17,862 8,998 26,861 881,956
9 18,041 8,820 26,861 863,916
10 18,221 8,639 26,861 845,694
11 18,404 8,457 26,861 827,291
12 18,588 8,273 26,861 808,703
13 18,773 8,087 26,861 789,930
14 18,961 7,899 26,861 770,968
15 19,151 7,710 26,861 751,817
16 19,342 7,518 26,861 732,475
17 19,536 7,325 26,861 712,939
18 19,731 7,129 26,861 693,208
19 19,928 6,932 26,861 673,280
20 20,128 6,733 26,861 653,152
21 20,329 6,532 26,861 632,823
22 20,532 6,328 26,861 612,291
23 20,738 6,123 26,861 591,553
24 20,945 5,916 26,861 570,608
25 21,154 5,706 26,861 549,454
26 21,366 5,495 26,861 528,088
27 21,580 5,281 26,861 506,508
28 21,795 5,065 26,861 484,713
29 22,013 4,847 26,861 462,699
30 22,234 4,627 26,861 440,466
31 22,456 4,405 26,861 418,010
32 22,680 4,180 26,861 395,330
33 22,907 3,953 26,861 372,422
34 23,136 3,724 26,861 349,286
35 23,368 3,493 26,861 325,918
36 23,601 3,259 26,861 302,317
37 23,837 3,023 26,861 278,480
38 24,076 2,785 26,861 254,404
39 24,316 2,544 26,861 230,088
40 24,560 2,301 26,861 205,528
41 24,805 2,055 26,861 180,723
42 25,053 1,807 26,861 155,669
43 25,304 1,557 26,861 130,366
44 25,557 1,304 26,861 104,809
45 25,812 1,048 26,861 78,996
46 26,071 790 26,861 52,926
47 26,331 529 26,861 26,595
48 26,595 266 26,861 0
49 Err:502 Err:502 26,861 Err:502
50 Err:502 Err:502 26,861 Err:502
51 Err:502 Err:502 26,861 Err:502
52 Err:502 Err:502 26,861 Err:502
 53 Err:502 Err:502 26,861 Err:502
54 Err:502 Err:502 26,861 Err:502
55 Err:502 Err:502 26,861 Err:502
56 Err:502 Err:502 26,861 Err:502
57 Err:502 Err:502 26,861 Err:502
58 Err:502 Err:502 26,861 Err:502
59 Err:502 Err:502 26,861 Err:502
60 Err:502 Err:502 26,861 Err:502
61 Err:502 Err:502 26,861 Err:502
62 Err:502 Err:502 26,861 Err:502
63 Err:502 Err:502 26,861 Err:502
64 Err:502 Err:502 26,861 Err:502
65 Err:502 Err:502 26,861 Err:502
66 Err:502 Err:502 26,861 Err:502
67 Err:502 Err:502 26,861 Err:502
68 Err:502 Err:502 26,861 Err:502
69 Err:502 Err:502 26,861 Err:502
70 Err:502 Err:502 26,861 Err:502
71 Err:502 Err:502 26,861 Err:502
72 Err:502 Err:502 26,861 Err:502
73 Err:502 Err:502 26,861 Err:502
74 Err:502 Err:502 26,861 Err:502
75 Err:502 Err:502 26,861 Err:502
76 Err:502 Err:502 26,861 Err:502
77 Err:502 Err:502 26,861 Err:502
78 Err:502 Err:502 26,861 Err:502
79 Err:502 Err:502 26,861 Err:502
80 Err:502 Err:502 26,861 Err:502
81 Err:502 Err:502 26,861 Err:502
82 Err:502 Err:502 26,861 Err:502
83 Err:502 Err:502 26,861 Err:502
84 Err:502 Err:502 26,861 Err:502
85 Err:502 Err:502 26,861 Err:502
86 Err:502 Err:502 26,861 Err:502
87 Err:502 Err:502 26,861 Err:502
88 Err:502 Err:502 26,861 Err:502
89 Err:502 Err:502 26,861 Err:502
90 Err:502 Err:502 26,861 Err:502
91 Err:502 Err:502 26,861 Err:502
92 Err:502 Err:502 26,861 Err:502
93 Err:502 Err:502 26,861 Err:502
94 Err:502 Err:502 26,861 Err:502
95 Err:502 Err:502 26,861 Err:502
96 Err:502 Err:502 26,861 Err:502
97 Err:502 Err:502 26,861 Err:502
98 Err:502 Err:502 26,861 Err:502
99 Err:502 Err:502 26,861 Err:502
100 Err:502 Err:502 26,861 Err:502
101 Err:502 Err:502 26,861 Err:502
102 Err:502 Err:502 26,861 Err:502
103 Err:502 Err:502 26,861 Err:502
104 Err:502 Err:502 26,861 Err:502
105 Err:502 Err:502 26,861 Err:502
106 Err:502 Err:502 26,861 Err:502
107 Err:502 Err:502 26,861 Err:502
108 Err:502 Err:502 26,861 Err:502
109 Err:502 Err:502 26,861 Err:502
110 Err:502 Err:502 26,861 Err:502
111 Err:502 Err:502 26,861 Err:502
112 Err:502 Err:502 26,861 Err:502
113 Err:502 Err:502 26,861 Err:502
114 Err:502 Err:502 26,861 Err:502
115 Err:502 Err:502 26,861 Err:502
116 Err:502 Err:502 26,861 Err:502
117 Err:502 Err:502 26,861 Err:502
118 Err:502 Err:502 26,861 Err:502
119 Err:502 Err:502 26,861 Err:502
120 Err:502 Err:502 26,861 Err:502
Err:502 Err:502 3,223,261
 Camioneta 30,000,000 Err:502 15,173,997 10
Motocicleta 1,500,000 396,036 4
Computadora 2,500,000 324,408 2
Impresora 700,000 90,834 2
Bordadora 4,900,000 1,293,718 4
Termo Plancha 8 en 1 5,890,000 1,555,102 4
Muebles y Utiles 1,020,000 269,305 245,542 4

269,305
CALCULO DE LA DEMANDA POTENCIAL Y OBJETIVO
POBLACION DE MISIONES POR EDAD 2000 AL 2025 (Proyecciones DIRECCION GENERAL DE ESTADISTICAS Y CENS

Edad
2000 2001 2002 2003 2004
10-14 7,140 7,085 6,976 6,836 6,688
15-19 6,409 6,618 6,773 6,873 6,923
20-24 4,386 4,458 4,648 4,919 5,220
25-29 3,378 3,386 3,376 3,364 3,371
30-34 3,041 3,058 3,065 3,070 3,080
35-39 2,848 2,846 2,857 2,879 2,905
40-44 2,785 2,785 2,773 2,754 2,738
45-49 2,472 2,539 2,594 2,636 2,665
50-54 1,939 2,030 2,128 2,227 2,319
34,398 34,805 35,191 35,558 35,909
PORCENTAJE DE SAN JUAN 19%

POBLACION DE MISIONES DEL 2015 AL 2019 PROYECCION 2.020 Y 2.021

Anos X Poblacion Y X2 Y2 X.Y
1 7,579 1 57,441,241 7,579
2 7,659 4 58,660,281 15,318
3 7,745 9 59,985,025 23,235
4 7,837 16 61,418,569 31,348
5 7,934 25 62,948,356 39,670
15 38,754 55 300,453,472 117,150
PROYECCIO ANO 6 8,028
PROYECCIO ANO 7 8,121

FORMULAS b= 5(117.150) - (15)(38.754)

5(55) - (15)2
e:

a= 38.754 - 92,4(15)
5

c= 92,4(5) =
38,754

y= 7.474 + 92,4(x)

y6= 7.474 + 92,4 (6) =

y7= 7.474 + 92,4 (7) =

AL DE ESTADISTICAS Y CENSO PY)

Año
2005 2006 2007 2008 2009 2010 2011 2012
6,556 6,451 6,378 6,335 6,316 6,308 6,267 6,208
6,930 6,886 6,788 6,658 6,523 6,401 6,307 6,244
5,514 5,768 5,969 6,115 6,213 6,267 6,270 6,221
3,407 3,528 3,765 4,082 4,429 4,768 5,068 5,316
3,104 3,125 3,128 3,129 3,149 3,197 3,328 3,575
2,932 2,954 2,965 2,974 2,988 3,016 3,040 3,048
2,728 2,731 2,747 2,772 2,802 2,834 2,859 2,875
2,681 2,683 2,674 2,659 2,646 2,640 2,645 2,663
2,397 2,462 2,515 2,556 2,584 2,600 2,603 2,594
36,250 36,587 36,929 37,282 37,650 38,029 38,388 38,744

FORMULAS

585.750 - 581.130 4620 = 92.4

275 - 225 50

37,368 = 7,474
5

462 = 0.0119 x 100 = 1.2

38,754

8,028 UNIDADES DE TRABAJO DEMANDA POTENCIAL PARA 2.020

8,121 UNIDADES DE TRABAJO DEMANDA POTENCIAL PARA 2.021

803 DEMANDA OBJETIVO 10% DE LA DEMANDA POTENCIAL 2020

812 DEMANDA OBJETIVO 10% DE LA DEMANDA POTENCIAL 2021

Año
2013 2014 2015 2016 2017 2018 2019 2020
6,133 6,047 5,956 5,898 5,861 5,840 5,833 5,844
6,212 6,203 6,205 6,175 6,126 6,062 5,986 5,905
6,140 6,053 5,979 5,933 5,919 5,935 5,974 6,023
5,511 5,657 5,760 5,813 5,815 5,785 5,749 5,727
3,900 4,255 4,602 4,912 5,169 5,375 5,532 5,647
3,053 3,077 3,128 3,262 3,510 3,835 4,190 4,537
2,888 2,906 2,938 2,966 2,978 2,988 3,015 3,071
2,691 2,723 2,756 2,784 2,802 2,817 2,838 2,872
2,580 2,568 2,562 2,567 2,585 2,612 2,643 2,676
39,107 39,488 39,887 40,311 40,765 41,248 41,760 42,301

7,578.50 7,659.02 7,745.33 7,837.03 7,934.33

2021 2022 2023 2024 2025
5,866 5,898 5,936 5,976 6,016
5,858 5,831 5,820 5,823 5,844
6,040 6,038 6,021 5,993 5,960
5,732 5,768 5,833 5,921 6,019
5,713 5,727 5,711 5,688 5,679
4,848 5,107 5,314 5,474 5,593
3,207 3,456 3,781 4,135 4,483
2,902 2,916 2,928 2,958 3,015
2,703 2,720 2,735 2,756 2,789
42,868 43,461 44,080 44,724 45,398
 CALCULO INSUMOS POR 100 UNIDADES DE CADA PRODUCTO
BORDADOS 5,200,000 3
100 Remeras Tipo Polo 42,000 4,200,000
100 Insumos para bordado (hilos, entretela) 10,000 1,000,000

SUBLIMACION TASA Y TERMOS 6,020,000 1

100 Tasas 7,200 720,000
100 Termos Chicos 17,500 1,750,000
100 Termos Medianos 32,500 3,250,000
3 Caja Hoja de sublimacion 100 und. 100,000 300,000

SUBLIMACION GORRAS Y REMERAS 6,300,000 1

100 Gorras Kepis 10,000 1,000,000
100 Remeras sin cuello 14,000 1,400,000
100 Remeras Tipo Polo 39,000 3,900,000
3 Cajas Hoja de sublimacion 100 unid. 100,000 300,000
TOTAL INSUMOS 17,520,000
15,600,000 100 UNIDADES DE 8 RUBROS

4 REMERAS POR DIA

4 TASA POR DIA
6,020,000 4 TERMOS CHICOS POR DIA
4 TERMOS MEDIANOS POR DIA
4 GORRAS KEPIS POR DIA
4 REMETRAS SIN CUELLO POR DIA
4 REMERAS TIPO POLO POR DIA

6,300,000 28 PRODUCTOS POR DIA X 30 DIAS

27,920,000
INGRESOS MENSUAL ANNUAL
Ventas Remeras Bordadas 6,700,000 80,400,000
Ventas Tasas Sublimadas 1,500,000 18,000,000
Ventas Termos sublimados Chico 3,500,000 42,000,000
Ventas Temos Sublimados Mediano 6,000,000 72,000,000
Ventas Gorras Kepys Sublimados 2,500,000 30,000,000
Ventas Remeras Sublimadas sin Cuello 2,500,000 30,000,000
Ventas Remeras Sublimadas con Cuello 6,300,000 75,600,000
TOTALES 29,000,000 348,000,000

COSTOS

FIJOS
Alquiler 1,000,000 12,000,000
Agua 50,000 600,000
Energía electrica 200,000 2,400,000
Teléfono e Internet 470,000 5,640,000
Total 1,720,000 20,640,000

VARIABLES
Mano de obra 1,500,000 18,000,000
Materia Prima
Bordados 5,200,000 62,400,000
Sublimacion Tasa 720,000 8,640,000
Sublimacion Termo Chico 1,750,000 21,000,000
Sublimacion Termo Mediano 3,250,000 39,000,000
Sublimacion Gorras Kepys 1,000,000 12,000,000
Sublimacion Remeras sin cuello 1,400,000 16,800,000
Sublimacion Remeras con cuello 3,900,000 46,800,000
Hojas de Sublimacion 600,000 7,200,000
TOTALES 11,920,000 213,840,000

Costo OperativosTotal 15,140,000 252,480,000

Utilidad Neta Operativa 13,860,000 95,520,000

COMERCIALIZACIÓN 2,000,000 24,000,000

Comisiones por ventas 500,000 6,000,000
Publicidad 500,000 6,000,000
Distribución 1,000,000 12,000,000

ADMINISTRATIVOS y FINANCIEROS 3,304,973 39,659,676

Sueldos 1,000,000 12,000,000
Papeleria y Utiles Oficina 100,000 1,200,000
Otros Gastos Administrativos 200,000 2,400,000
Intereses Financieros 1,554,854 18,658,248
Gastos de oportunidad 317,994 3,815,928
Depreciaciones 132,125 1,585,500

TOTAL DE GASTOS INDIRECTOS 5,304,973 63,659,676

UTILIDAD ANTES DEL IMPUESTO 8,555,027 31,860,324

100 Ventas Remeras Bordadas 67,000 6,700,000
100 Ventas Tasas Sublimadas 15,000 1,500,000
100 Ventas Termos sublimados Chico 35,000 3,500,000
100 Ventas Temos Sublimados Mediano 60,000 6,000,000
100 Ventas Gorras Kepys Sublimados 25,000 2,500,000
100 Ventas Remeras Sublimadas sin Cuello 25,000 2,500,000
100 Ventas Remeras Sublimadas con Cuello 63,000 6,300,000
Monto 13,990,000 Periodo Amortización Interes Cuota Saldo
Plazo 60 Meses 1 145,404 209,850 355,254 13,844,596
Tasa 18% 2 147,585 207,669 355,254 13,697,011
3 149,799 205,455 355,254 13,547,212
4 152,046 203,208 355,254 13,395,166
5 154,327 200,927 355,254 13,240,840
6 156,641 198,613 355,254 13,084,198
7 158,991 196,263 355,254 12,925,207
8 161,376 193,878 355,254 12,763,831
9 163,797 191,457 355,254 12,600,034
10 166,254 189,001 355,254 12,433,781
11 168,747 186,507 355,254 12,265,034
12 171,279 183,976 355,254 12,093,755
13 173,848 181,406 355,254 11,919,907
14 176,455 178,799 355,254 11,743,452
15 179,102 176,152 355,254 11,564,350
16 181,789 173,465 355,254 11,382,561
17 184,516 170,738 355,254 11,198,045
18 187,283 167,971 355,254 11,010,762
19 190,093 165,161 355,254 10,820,669
20 192,944 162,310 355,254 10,627,725
21 195,838 159,416 355,254 10,431,887
22 198,776 156,478 355,254 10,233,111
23 201,757 153,497 355,254 10,031,354
24 204,784 150,470 355,254 9,826,570
25 207,855 147,399 355,254 9,618,715
26 210,973 144,281 355,254 9,407,741
27 214,138 141,116 355,254 9,193,603
28 217,350 137,904 355,254 8,976,253
29 220,610 134,644 355,254 8,755,643
30 223,919 131,335 355,254 8,531,724
31 227,278 127,976 355,254 8,304,446
32 230,687 124,567 355,254 8,073,758
33 234,148 121,106 355,254 7,839,610
34 237,660 117,594 355,254 7,601,951
35 241,225 114,029 355,254 7,360,726
36 244,843 110,411 355,254 7,115,883
37 248,516 106,738 355,254 6,867,367
38 252,244 103,011 355,254 6,615,123
39 256,027 99,227 355,254 6,359,096
40 259,868 95,386 355,254 6,099,228
41 263,766 91,488 355,254 5,835,463
42 267,722 87,532 355,254 5,567,741
43 271,738 83,516 355,254 5,296,003
44 275,814 79,440 355,254 5,020,189
45 279,951 75,303 355,254 4,740,238
46 284,150 71,104 355,254 4,456,087
47 288,413 66,841 355,254 4,167,674
48 292,739 62,515 355,254 3,874,935
49 297,130 58,124 355,254 3,577,805
50 301,587 53,667 355,254 3,276,218
51 306,111 49,143 355,254 2,970,108
52 310,702 44,552 355,254 2,659,405
53 315,363 39,891 355,254 2,344,042
54 320,093 35,161 355,254 2,023,949
55 324,895 30,359 355,254 1,699,054
56 329,768 25,486 355,254 1,369,286
57 334,715 20,539 355,254 1,034,571
58 339,735 15,519 355,254 694,836
59 344,832 10,423 355,254 350,004
60 350,004 5,250 355,254 0
61 Err:502 Err:502 355,254 Err:502
62 Err:502 Err:502 355,254 Err:502
63 Err:502 Err:502 355,254 Err:502
64 Err:502 Err:502 355,254 Err:502
65 Err:502 Err:502 355,254 Err:502
66 Err:502 Err:502 355,254 Err:502
67 Err:502 Err:502 355,254 Err:502
68 Err:502 Err:502 355,254 Err:502
69 Err:502 Err:502 355,254 Err:502
70 Err:502 Err:502 355,254 Err:502
71 Err:502 Err:502 355,254 Err:502
72 Err:502 Err:502 355,254 Err:502
73 Err:502 Err:502 355,254 Err:502
74 Err:502 Err:502 355,254 Err:502
75 Err:502 Err:502 355,254 Err:502
76 Err:502 Err:502 355,254 Err:502
77 Err:502 Err:502 355,254 Err:502
78 Err:502 Err:502 355,254 Err:502
79 Err:502 Err:502 355,254 Err:502
80 Err:502 Err:502 355,254 Err:502
81 Err:502 Err:502 355,254 Err:502
 82 Err:502 Err:502 355,254 Err:502
83 Err:502 Err:502 355,254 Err:502
84 Err:502 Err:502 355,254 Err:502
85 Err:502 Err:502 355,254 Err:502
86 Err:502 Err:502 355,254 Err:502
87 Err:502 Err:502 355,254 Err:502
88 Err:502 Err:502 355,254 Err:502
89 Err:502 Err:502 355,254 Err:502
90 Err:502 Err:502 355,254 Err:502
91 Err:502 Err:502 355,254 Err:502
92 Err:502 Err:502 355,254 Err:502
93 Err:502 Err:502 355,254 Err:502
94 Err:502 Err:502 355,254 Err:502
95 Err:502 Err:502 355,254 Err:502
96 Err:502 Err:502 355,254 Err:502
97 Err:502 Err:502 355,254 Err:502
98 Err:502 Err:502 355,254 Err:502
99 Err:502 Err:502 355,254 Err:502
100 Err:502 Err:502 355,254 Err:502
101 Err:502 Err:502 355,254 Err:502
102 Err:502 Err:502 355,254 Err:502
103 Err:502 Err:502 355,254 Err:502
104 Err:502 Err:502 355,254 Err:502
105 Err:502 Err:502 355,254 Err:502
106 Err:502 Err:502 355,254 Err:502
107 Err:502 Err:502 355,254 Err:502
108 Err:502 Err:502 355,254 Err:502
109 Err:502 Err:502 355,254 Err:502
110 Err:502 Err:502 355,254 Err:502
111 Err:502 Err:502 355,254 Err:502
112 Err:502 Err:502 355,254 Err:502
113 Err:502 Err:502 355,254 Err:502
114 Err:502 Err:502 355,254 Err:502
115 Err:502 Err:502 355,254 Err:502
116 Err:502 Err:502 355,254 Err:502
117 Err:502 Err:502 355,254 Err:502
118 Err:502 Err:502 355,254 Err:502
119 Err:502 Err:502 355,254 Err:502
120 Err:502 Err:502 355,254 Err:502
Err:502 Err:502 42,630,486
PLAN DE DESEMBOLSO PARA INVERSION EN ACTIVOS

DESEMBOLSOS

CONDICIONES DEL CREDITO

Monto de Préstamo 13,990,000

Tasa de Interés 18%
Plazo (años) 5
Años de Gracia 0
Nro. de Amortizacione 60
Amortización 233,167

Cuadro Anual de Servicio de la Deuda

Año Amortización Interes Cuota

1 1,896,245 2,366,804 4,263,049
2 2,267,185 1,995,864 4,263,049
3 2,710,687 1,552,361 4,263,049
4 3,240,947 1,022,101 4,263,049
5 3,874,935 388,113 4,263,049
6
7
Total 13,990,000 7,325,243 21,315,243

Cuadro Mensual de Servicio de la Deuda

Año 1
Meses Fecha Capital Amortización Interés
TOTAL 1,896,245 2,366,804
Mes 1 13,990,000 145,404 209,850
Mes 2 13,844,596 147,585 207,669
Mes 3 13,697,011 149,799 205,455
Mes 4 13,547,212 152,046 203,208
Mes 5 13,395,166 154,327 200,927
Mes 6 13,240,840 156,641 198,613
Mes 7 13,084,198 158,991 196,263
Mes 8 12,925,207 161,376 193,878
Mes 9 12,763,831 163,797 191,457
Mes 10 12,600,034 166,254 189,001
Mes 11 12,433,781 168,747 186,507
Mes 12 12,265,034 171,279 183,976

Año 2
Meses Fecha Capital Amortización Interés
TOTAL 2,267,185 1,995,864
Mes 1 12,093,755 173,848 181,406
Mes 2 11,919,907 176,455 178,799
Mes 3 11,743,452 179,102 176,152
Mes 4 11,564,350 181,789 173,465
Mes 5 11,382,561 184,516 170,738
Mes 6 11,198,045 187,283 167,971
Mes 7 11,010,762 190,093 165,161
Mes 8 10,820,669 192,944 162,310
Mes 9 10,627,725 195,838 159,416
Mes 10 10,431,887 198,776 156,478
Mes 11 10,233,111 201,757 153,497
Mes 12 10,031,354 204,784 150,470

Año 3
Meses Fecha Capital Amortización Interés
TOTAL 2,710,687 1,552,361
Mes 1 9,826,570 207,855 147,399
Mes 2 9,618,715 210,973 144,281
Mes 3 9,407,741 214,138 141,116
Mes 4 9,193,603 217,350 137,904
Mes 5 8,976,253 220,610 134,644
Mes 6 8,755,643 223,919 131,335
Mes 7 8,531,724 227,278 127,976
Mes 8 8,304,446 230,687 124,567
Mes 9 8,073,758 234,148 121,106
Mes 10 7,839,610 237,660 117,594
Mes 11 7,601,951 241,225 114,029
Mes 12 7,360,726 244,843 110,411

Año 4
Meses Fecha Capital Amortización Interés
TOTAL 3,240,947 1,022,101
Mes 1 7,115,883 248,516 106,738
Mes 2 6,867,367 252,244 103,011
Mes 3 6,615,123 256,027 99,227
Mes 4 6,359,096 259,868 95,386
Mes 5 6,099,228 263,766 91,488
Mes 6 5,835,463 267,722 87,532
Mes 7 5,567,741 271,738 83,516
Mes 8 5,296,003 275,814 79,440
Mes 9 5,020,189 279,951 75,303
Mes 10 4,740,238 284,150 71,104
Mes 11 4,456,087 288,413 66,841
Mes 12 4,167,674 292,739 62,515

Año 5
Meses Fecha Capital Amortización Interés
TOTAL 3,874,935 388,113
Mes 1 3,874,935 297,130 58,124
Mes 2 3,577,805 301,587 53,667
Mes 3 3,276,218 306,111 49,143
Mes 4 2,970,108 310,702 44,552
Mes 5 2,659,405 315,363 39,891
Mes 6 2,344,042 320,093 35,161
Mes 7 2,023,949 324,895 30,359
Mes 8 1,699,054 329,768 25,486
Mes 9 1,369,286 334,715 20,539
Mes 10 1,034,571 339,735 15,519
Mes 11 694,836 344,832 10,423
Mes 12 350,004 350,004 5,250
 Monto 13,990,000 Periodo Amortización Interes
Plazo 60 Meses 1 Err:502 Err:502
Tasa 18% 2 Err:502 Err:502
3 Err:502 Err:502
4 Err:502 Err:502
5 Err:502 Err:502
6 Err:502 Err:502
7 Err:502 Err:502
8 Err:502 Err:502
9 Err:502 Err:502
10 Err:502 Err:502
11 Err:502 Err:502
12 Err:502 Err:502
13 Err:502 Err:502
14 Err:502 Err:502
15 Err:502 Err:502
16 Err:502 Err:502
17 Err:502 Err:502
18 Err:502 Err:502
19 Err:502 Err:502
20 Err:502 Err:502
21 Err:502 Err:502
22 Err:502 Err:502
23 Err:502 Err:502
24 Err:502 Err:502
25 Err:502 Err:502
26 Err:502 Err:502
27 Err:502 Err:502
28 Err:502 Err:502
Cuota 29 Err:502 Err:502
4,263,049 30 Err:502 Err:502
355,254 31 Err:502 Err:502
355,254 32 Err:502 Err:502
355,254 33 Err:502 Err:502
355,254 34 Err:502 Err:502
355,254 35 Err:502 Err:502
355,254 36 Err:502 Err:502
355,254 37 Err:502 Err:502
355,254 38 Err:502 Err:502
355,254 39 Err:502 Err:502
355,254 40 Err:502 Err:502
355,254 41 Err:502 Err:502
355,254 42 Err:502 Err:502
43 Err:502 Err:502
44 Err:502 Err:502
Cuota 45 Err:502 Err:502
4,263,049 46 Err:502 Err:502
355,254 47 Err:502 Err:502
355,254 48 Err:502 Err:502
355,254 49 Err:502 Err:502
355,254 50 Err:502 Err:502
355,254 51 Err:502 Err:502
355,254 52 Err:502 Err:502
355,254 53 Err:502 Err:502
355,254 54 Err:502 Err:502
355,254 55 Err:502 Err:502
355,254 56 Err:502 Err:502
355,254 57 Err:502 Err:502
355,254 58 Err:502 Err:502
59 Err:502 Err:502
60 Err:502 Err:502
Cuota 61 Err:502 Err:502
4,263,049 62 Err:502 Err:502
355,254 63 Err:502 Err:502
355,254 64 Err:502 Err:502
355,254 65 Err:502 Err:502
355,254 66 Err:502 Err:502
355,254 67 Err:502 Err:502
355,254 68 Err:502 Err:502
355,254 69 Err:502 Err:502
355,254 70 Err:502 Err:502
355,254 71 Err:502 Err:502
355,254 72 Err:502 Err:502
355,254 73 Err:502 Err:502
355,254 74 Err:502 Err:502
75 Err:502 Err:502
76 Err:502 Err:502
Cuota 77 Err:502 Err:502
4,263,049 78 Err:502 Err:502
355,254 79 Err:502 Err:502
355,254 80 Err:502 Err:502
355,254 81 Err:502 Err:502
355,254 82 Err:502 Err:502
355,254 83 Err:502 Err:502
355,254 84 Err:502 Err:502
355,254 85 Err:502 Err:502
355,254 86 Err:502 Err:502
355,254 87 Err:502 Err:502
355,254 88 Err:502 Err:502
355,254 89 Err:502 Err:502
355,254 90 Err:502 Err:502
91 Err:502 Err:502
92 Err:502 Err:502
Cuota 93 Err:502 Err:502
4,263,049 94 Err:502 Err:502
355,254 95 Err:502 Err:502
355,254 96 Err:502 Err:502
355,254 97 Err:502 Err:502
355,254 98 Err:502 Err:502
355,254 99 Err:502 Err:502
355,254 100 Err:502 Err:502
355,254 101 Err:502 Err:502
355,254 102 Err:502 Err:502
355,254 103 Err:502 Err:502
355,254 104 Err:502 Err:502
355,254 105 Err:502 Err:502
355,254 106 Err:502 Err:502
107 Err:502 Err:502
108 Err:502 Err:502
109 Err:502 Err:502
110 Err:502 Err:502
111 Err:502 Err:502
112 Err:502 Err:502
113 Err:502 Err:502
114 Err:502 Err:502
115 Err:502 Err:502
116 Err:502 Err:502
117 Err:502 Err:502
118 Err:502 Err:502
119 Err:502 Err:502
120 Err:502 Err:502
Err:502 Err:502
Cuota Saldo
#NUM! Err:502
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#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
#NUM! Err:502
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#NUM! Err:502
#NUM!
Monto 13,990,000 Periodo Amortización Interes Cuota Saldo
Plazo 60 Meses 1 145,404 209,850 355,254 13,844,596
Tasa 18% 2 147,585 207,669 355,254 13,697,011
3 149,799 205,455 355,254 13,547,212
4 152,046 203,208 355,254 13,395,166
5 154,327 200,927 355,254 13,240,840
6 156,641 198,613 355,254 13,084,198
7 158,991 196,263 355,254 12,925,207
8 161,376 193,878 355,254 12,763,831
9 163,797 191,457 355,254 12,600,034
10 166,254 189,001 355,254 12,433,781
11 168,747 186,507 355,254 12,265,034
12 171,279 183,976 355,254 12,093,755
13 173,848 181,406 355,254 11,919,907
14 176,455 178,799 355,254 11,743,452
15 179,102 176,152 355,254 11,564,350
16 181,789 173,465 355,254 11,382,561
17 184,516 170,738 355,254 11,198,045
18 187,283 167,971 355,254 11,010,762
19 190,093 165,161 355,254 10,820,669
20 192,944 162,310 355,254 10,627,725
21 195,838 159,416 355,254 10,431,887
22 198,776 156,478 355,254 10,233,111
23 201,757 153,497 355,254 10,031,354
24 204,784 150,470 355,254 9,826,570
25 207,855 147,399 355,254 9,618,715
26 210,973 144,281 355,254 9,407,741
27 214,138 141,116 355,254 9,193,603
28 217,350 137,904 355,254 8,976,253
29 220,610 134,644 355,254 8,755,643
30 223,919 131,335 355,254 8,531,724
31 227,278 127,976 355,254 8,304,446
32 230,687 124,567 355,254 8,073,758
33 234,148 121,106 355,254 7,839,610
34 237,660 117,594 355,254 7,601,951
35 241,225 114,029 355,254 7,360,726
36 244,843 110,411 355,254 7,115,883
37 248,516 106,738 355,254 6,867,367
38 252,244 103,011 355,254 6,615,123
39 256,027 99,227 355,254 6,359,096
40 259,868 95,386 355,254 6,099,228
41 263,766 91,488 355,254 5,835,463
42 267,722 87,532 355,254 5,567,741
43 271,738 83,516 355,254 5,296,003
44 275,814 79,440 355,254 5,020,189
45 279,951 75,303 355,254 4,740,238
46 284,150 71,104 355,254 4,456,087
47 288,413 66,841 355,254 4,167,674
48 292,739 62,515 355,254 3,874,935
 49 297,130 58,124 355,254 3,577,805
50 301,587 53,667 355,254 3,276,218
51 306,111 49,143 355,254 2,970,108
52 310,702 44,552 355,254 2,659,405
53 315,363 39,891 355,254 2,344,042
54 320,093 35,161 355,254 2,023,949
55 324,895 30,359 355,254 1,699,054
56 329,768 25,486 355,254 1,369,286
57 334,715 20,539 355,254 1,034,571
58 339,735 15,519 355,254 694,836
59 344,832 10,423 355,254 350,004
60 350,004 5,250 355,254 0
61 Err:502 Err:502 355,254 Err:502
62 Err:502 Err:502 355,254 Err:502
63 Err:502 Err:502 355,254 Err:502
64 Err:502 Err:502 355,254 Err:502
65 Err:502 Err:502 355,254 Err:502
66 Err:502 Err:502 355,254 Err:502
67 Err:502 Err:502 355,254 Err:502
68 Err:502 Err:502 355,254 Err:502
69 Err:502 Err:502 355,254 Err:502
70 Err:502 Err:502 355,254 Err:502
71 Err:502 Err:502 355,254 Err:502
72 Err:502 Err:502 355,254 Err:502
73 Err:502 Err:502 355,254 Err:502
74 Err:502 Err:502 355,254 Err:502
75 Err:502 Err:502 355,254 Err:502
76 Err:502 Err:502 355,254 Err:502
77 Err:502 Err:502 355,254 Err:502
78 Err:502 Err:502 355,254 Err:502
79 Err:502 Err:502 355,254 Err:502
80 Err:502 Err:502 355,254 Err:502
81 Err:502 Err:502 355,254 Err:502
82 Err:502 Err:502 355,254 Err:502
83 Err:502 Err:502 355,254 Err:502
84 Err:502 Err:502 355,254 Err:502
85 Err:502 Err:502 355,254 Err:502
86 Err:502 Err:502 355,254 Err:502
87 Err:502 Err:502 355,254 Err:502
88 Err:502 Err:502 355,254 Err:502
89 Err:502 Err:502 355,254 Err:502
90 Err:502 Err:502 355,254 Err:502
91 Err:502 Err:502 355,254 Err:502
92 Err:502 Err:502 355,254 Err:502
93 Err:502 Err:502 355,254 Err:502
94 Err:502 Err:502 355,254 Err:502
95 Err:502 Err:502 355,254 Err:502
96 Err:502 Err:502 355,254 Err:502
97 Err:502 Err:502 355,254 Err:502
98 Err:502 Err:502 355,254 Err:502
99 Err:502 Err:502 355,254 Err:502
100 Err:502 Err:502 355,254 Err:502
101 Err:502 Err:502 355,254 Err:502
102 Err:502 Err:502 355,254 Err:502
103 Err:502 Err:502 355,254 Err:502
104 Err:502 Err:502 355,254 Err:502
105 Err:502 Err:502 355,254 Err:502
106 Err:502 Err:502 355,254 Err:502
107 Err:502 Err:502 355,254 Err:502
108 Err:502 Err:502 355,254 Err:502
109 Err:502 Err:502 355,254 Err:502
110 Err:502 Err:502 355,254 Err:502
111 Err:502 Err:502 355,254 Err:502
112 Err:502 Err:502 355,254 Err:502
113 Err:502 Err:502 355,254 Err:502
114 Err:502 Err:502 355,254 Err:502
115 Err:502 Err:502 355,254 Err:502
116 Err:502 Err:502 355,254 Err:502
117 Err:502 Err:502 355,254 Err:502
118 Err:502 Err:502 355,254 Err:502
119 Err:502 Err:502 355,254 Err:502
120 Err:502 Err:502 355,254 Err:502
Err:502 Err:502 42,630,486
Prestamo a Cto. Plazo

Capital 17,500,000
Tasa 12%
Interes 1,158,246
Cuota 1,554,854
Monto Total 26,663,099

Ano 1 Ano 2 Ano 3 Ano 4 Ano 5

Prestamo a Lgo. Plazo

Capital 13,990,000
Tasa 18%
Interes 7,325,243 2,366,804 1,995,864 1,552,361 1,022,101 388,113
Cuota 355,254
Monto Total 21,315,243

Año 1
Meses Fecha Capital Amortización Interés Cuota
TOTAL 17,500,000 1,158,246 18,658,245
Mes 1 01/01/20 17,500,000 1,379,854 175,000 1,554,854
Mes 2 02/01/20 16,120,146 1,393,652 161,201 1,554,853
Mes 3 03/01/20 14,726,494 1,407,589 147,265 1,554,854
Mes 4 04/01/20 13,318,905 1,421,665 133,189 1,554,854
Mes 5 05/01/20 11,897,240 1,435,881 118,972 1,554,853
Mes 6 06/01/20 10,461,359 1,450,240 104,614 1,554,854
Mes 7 07/01/20 9,011,119 1,464,743 90,111 1,554,854
Mes 8 08/01/20 7,546,376 1,479,390 75,464 1,554,854
Mes 9 09/01/20 6,066,986 1,494,184 60,670 1,554,854
Mes 10 10/01/20 4,572,802 1,509,126 45,728 1,554,854
Mes 11 11/01/20 3,063,677 1,524,217 30,637 1,554,854
Mes 12 12/01/20 1,539,460 1,539,459 15,395 1,554,854
7,325,243 21,315,243
TOTAL

7,325,243
 0 1 2 3 4 5
Ingresos por Venta 0 348,000,000 382,800,000 421,080,000 463,188,000 509,506,800
- (-) Costos Operativos 0 252,480,000 277,728,000 305,500,800 336,050,880 369,655,968
- (+) Otros Ingresos no Operativos 0 238,130 311,864 377,013 416,763
- (-) Gastos de Ventas o Comercializacion 0 24,000,000 25,200,000 26,460,000 27,783,000 29,172,150
- (-) Gastos Administrativos 0 39,659,676 41,642,660 43,724,793 45,911,032 48,206,584
- (-) Gastos de Oportunidad 0 3,815,928 3,815,928 3,815,928 3,815,928 3,815,928
- Depreciación 0 1,585,500 0 0 0 0
Resultado antes de Impuestos 0 26,458,896 34,651,542 41,890,343 50,004,173 59,072,933
- Impuesto a la Renta 0 2,645,890 3,465,154 4,189,034 5,000,417 5,907,293
Resultado despues de Impuestos 0 23,813,006 31,186,388 37,701,309 45,003,755 53,165,639
Depreciación 0 0 0 0 0 0
-

- Inversión 64,010,000 0 1,600,000 0 3,327,500 0

Flujo de Fondos -64,010,000 23,813,006 31,186,388 37,701,309 41,676,255 53,165,639

100% 50%
QUINTO ANO 190,870,098 95,435,049
VAN = 234,828,541 P/VAN 12% SEXTO ANO 253,243,673 126,621,837
TIR= 55.88% 10 % crecimiento anual con crecimiento geometrico
5 % Crecimiento otros costos
 6 7 8 9 10
560,457,480 616,503,228 678,153,551 745,968,906 820,565,796
406,621,565 447,283,721 492,012,093 541,213,303 595,334,633
531,656 623,736 726,455 841,288 969,540
30,630,758 32,162,295 33,770,410 35,458,931 37,231,877
50,616,913 53,147,759 55,805,147 58,595,404 61,525,174
3,815,928 3,815,928 3,815,928 3,815,928 3,815,928
0 0 0 0 0
69,303,973 80,717,260 93,476,428 107,726,628 123,627,723
6,930,397 8,071,726 9,347,643 10,772,663 12,362,772
62,373,576 72,645,534 84,128,785 96,953,965 111,264,951
0 0 0 0 0

0 0 0 0 3,000,000

62,373,576 72,645,534 84,128,785 96,953,965 111,264,951