HIERRO LA 42 C. A.

RIF J-31228319-0
FLUJO DE CAJA PROYECTADO A 18 MESES
Saldo Inicial: 5,877,403.22
INGRESOS
ACTIVIDADES DE OPERACIÓN:
Ingresos por Ventas 515,270,656.42
Cobro de Ventas a Crédito 1,450,054.44
Total Ingresos Operativos 516,720,710.86
ACTIVIDADES DE FINANCIAMIENTO
Préstamo Bancario 20,000,000.00
Total Ingresos 536,720,710.86
DISPONIBILIDAD 542,598,114.08 100.00%

DESEMBOLSOS

ACTIVIDADES DE OPERACIÓN:
sueldos directivos 2,086,374.26 0.39%
sueldos empleados 1,812,318.05 0.34%
Compras 24,164,240.66 4.54%
Gastos Operativos 12,082,120.33 2.27%
Tributos y Contribuciones 13,290,332.36 2.50%
honorarios 120,821.20 0.02%
Arrendamiento local 1,652,962.72 0.31%

ACTIVIDADES DE FINANCIAMIENTO:
Abono a Capital 20,000,000.00 3.69%
Intereses Bancarios 2,798,834.22 0.59%

Total Desembolsos 78,008,003.80 23.99%

TOTAL SALDOS AL FINAL 464,590,110.29 76.01%

Página 1
HIERRO LA 42 C. A. FLUJO DE CAJA PROYECTADO A 18 MESES
RIF J-31228319-0
Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15
Flujo de Efectivo Mes 1 2 3 4 5 6 7 8 9 10 11

SALDO INICIAL 5,877,403.22 33,417,091.32 41,839,674.42 51,236,645.22 61,707,493.44 73,352,086.67 86,269,600.65 100,605,526.22 116,501,704.53 134,114,160.87 153,614,523.03

Ingresos de Efectivo

Ingresos por Ventas 11,300,000.00 12,430,000.00 13,673,000.00 15,040,300.00 16,544,330.00 18,198,763.00 20,018,639.30 22,020,503.23 24,222,553.55 26,644,808.91 29,309,289.80
Cobro de Ventas a Crédito 68,000.00 74,580.00 82,038.00 90,241.80 99,265.98 109,192.58 120,111.84 132,123.02 145,335.32 159,868.85 175,855.74
Préstamo Bancario 20,000,000.00 - - - - - - - - -
Total Ingresos 31,368,000.00 12,504,580.00 13,755,038.00 15,130,541.80 16,643,595.98 18,307,955.58 20,138,751.14 22,152,626.25 24,367,888.87 26,804,677.76 29,485,145.54

Pagos
sueldos directivos 74,580.00 82,038.00 90,241.80 99,265.98 109,192.58 120,111.84 132,123.02 145,335.32 159,868.85 175,855.74 193,441.31
sueldos empleados 84,750.00 93,225.00 102,547.50 112,802.25 124,082.48 136,490.72 150,139.79 165,153.77 181,669.15 199,836.07 219,819.67
Compras 1,130,000.00 1,243,000.00 1,367,300.00 1,504,030.00 1,654,433.00 1,819,876.30 2,001,863.93 2,202,050.32 2,422,255.36 2,664,480.89 2,930,928.98
Gastos Operativos ### 565,000.00 621,500.00 683,650.00 752,015.00 827,216.50 909,938.15 1,000,931.97 1,101,025.16 1,211,127.68 1,332,240.45 1,465,464.49
Tributos y Contribuciones 621,500.00 683,650.00 752,015.00 827,216.50 909,938.15 1,000,931.97 1,101,025.16 1,211,127.68 1,332,240.45 1,465,464.49 1,612,010.94
honorarios 5,650.00 6,215.00 6,836.50 7,520.15 8,272.17 9,099.38 10,009.32 11,010.25 12,111.28 13,322.40 14,654.64
Arrendamiento local 80,230.00 85,767.00 88,874.50 90,241.80 99,265.98 127,391.34 140,130.48 154,143.52 169,557.87 186,513.66 205,165.03
Total Pagos 2,561,710.00 2,815,395.00 3,091,465.30 3,393,091.68 3,732,400.85 4,123,839.70 4,536,223.67 4,989,846.03 5,488,830.64 6,037,713.70 6,641,485.07

Disponible Antes de Amortizacion de la

28,806,290.00 9,689,185.00 10,663,572.70 11,737,450.12 12,911,195.13 14,184,115.88 15,602,527.47 17,162,780.22 18,879,058.24 20,766,964.06 22,843,660.47
deuda

PASIVO BANCARIO

Abono a Capital 983,268.57 997,198.21 1,011,325.18 1,025,652.29 1,040,182.36 1,054,918.28 1,069,862.95 1,085,019.35 1,100,390.45 1,115,979.32 1,131,789.02
Intereses Bancarios 283,333.33 269,403.70 255,276.72 240,949.61 226,419.54 211,683.62 196,738.95 181,582.56 166,211.45 150,622.58 134,812.88
TOTAL DEUDA 1,266,601.90 1,266,601.90 1,266,601.90 1,266,601.90 1,266,601.90 1,266,601.90 1,266,601.90 1,266,601.90 1,266,601.90 1,266,601.90 1,266,601.90

Saldo Neto Mensual 27,539,688.10 8,422,583.10 9,396,970.80 10,470,848.22 11,644,593.23 12,917,513.98 14,335,925.57 15,896,178.32 17,612,456.34 19,500,362.16 21,577,058.57
Saldo Final Acumulado 33,417,091.32 41,839,674.42 51,236,645.22 61,707,493.44 73,352,086.67 86,269,600.65 100,605,526.22 116,501,704.53 134,114,160.87 153,614,523.03 175,191,581.60
 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16
12 13 14 15 16 17 18 Totales %

175,191,581.60 199,053,006.22 23,861,424.62 26,374,227.27 29,138,310.18 32,178,801.39 35,523,341.72 5,877,403.22

32,240,218.78 35,464,240.66 39,010,664.72 42,911,731.19 47,202,904.31 51,923,194.75 57,115,514.22 515,270,656 96.77%

193,441.31 212,785.44 234,063.99 257,470.39 283,217.43 311,539.17 342,693.09 1,450,054 0.27%
- 20,000,000 3.76%
32,433,660.09 35,677,026.10 39,244,728.71 43,169,201.58 47,486,121.74 52,234,733.91 57,458,207.31 532,485,077 100.00%

212,785.44 234,063.99 257,470.39 283,217.43 311,539.17 342,693.09 376,962.39 2,086,374 0.39%

241,801.64 265,981.80 292,579.99 321,837.98 354,021.78 389,423.96 428,366.36 1,812,318 0.34%
3,224,021.88 3,546,424.07 3,901,066.47 4,291,173.12 4,720,290.43 5,192,319.47 5,711,551.42 24,164,241 4.54%
1,612,010.94 1,773,212.03 1,950,533.24 2,145,586.56 2,360,145.22 2,596,159.74 2,855,775.71 12,082,120 2.27%
1,773,212.03 1,950,533.24 2,145,586.56 2,360,145.22 2,596,159.74 2,855,775.71 3,141,353.28 13,290,332 2.50%
16,120.11 17,732.12 19,505.33 21,455.87 23,601.45 25,961.60 28,557.76 120,821 0.02%
225,681.53 248,249.68 273,074.65 300,382.12 330,420.33 363,462.36 399,808.60 1,652,963 0.31%
7,305,633.58 8,036,196.93 8,839,816.63 9,723,798.29 10,696,178.12 11,765,795.93 12,942,375.52 55,209,170 10%

25,128,026.52 27,640,829.17 30,404,912.08 33,445,403.29 36,789,943.62 40,468,937.98 44,515,831.78 477,275,908

1,147,822.70 1,147,822.70 1,147,822.70 1,147,822.70 1,147,822.70 1,147,822.70 1,147,822.70 19,650,345 3.69%

118,779.20 118,779.20 118,779.20 118,779.20 118,779.20 118,779.20 118,779.20 3,148,489 0.59%
1,266,601.90 1,266,601.90 1,266,601.90 1,266,601.90 1,266,601.90 1,266,601.90 1,266,601.90 22,798,834 4.28%

23,861,424.62 26,374,227.27 29,138,310.18 32,178,801.39 35,523,341.72 39,202,336.08 43,249,229.88 404,719,253 76.01%

199,053,006.22 23,861,424.62 26,374,227.27 29,138,310.18 32,178,801.39 35,523,341.72 39,202,336.08 43,249,229.88
 TABLA DE AMORTIZACION PARA EL CALCULO DE CUOTAS

PRESTAMO 20,000,000.00 17.00% TASA

10 MES 0.00% INICIAL 18 MESES
14 AÑO SALDO 20,000,000.00 22.00% TASA 2
PLAZO 18

CUOTA CUOTA
N° FECHA MONTO CUOTA INTERES CAPITAL SALDO
REGULAR ESPECIAL
0 0.00% 20,000,000.00
1 Oct-14 1,266,601.90 1,266,601.90 283,333.33 983,268.57 19,016,731.43
2 Nov-14 1,266,601.90 1,266,601.90 269,403.70 997,198.21 18,019,533.23
3 Dec-14 1,266,601.90 1,266,601.90 255,276.72 1,011,325.18 17,008,208.05
4 Jan-15 1,266,601.90 1,266,601.90 240,949.61 1,025,652.29 15,982,555.76
5 Feb-15 1,266,601.90 1,266,601.90 226,419.54 1,040,182.36 14,942,373.40
6 Mar-15 1,266,601.90 1,266,601.90 211,683.62 1,054,918.28 13,887,455.12
7 Apr-15 1,266,601.90 1,266,601.90 196,738.95 1,069,862.95 12,817,592.17
8 May-15 1,266,601.90 1,266,601.90 181,582.56 1,085,019.35 11,732,572.82
9 Jun-15 1,266,601.90 1,266,601.90 166,211.45 1,100,390.45 10,632,182.37
10 Jul-15 1,266,601.90 1,266,601.90 150,622.58 1,115,979.32 9,516,203.05
11 Aug-15 1,266,601.90 1,266,601.90 134,812.88 1,131,789.02 8,384,414.03
12 Sep-15 1,266,601.90 1,266,601.90 118,779.20 1,147,822.70 7,236,591.32
13 Oct-15 1,266,601.90 1,266,601.90 102,518.38 1,164,083.52 6,072,507.80
14 Nov-15 1,266,601.90 1,266,601.90 86,027.19 1,180,574.71 4,891,933.09
15 Dec-15 1,266,601.90 1,266,601.90 69,302.39 1,197,299.52 3,694,633.58
16 Jan-16 1,266,601.90 1,266,601.90 52,340.64 1,214,261.26 2,480,372.32
17 Feb-16 1,266,601.90 1,266,601.90 35,138.61 1,231,463.29 1,248,909.02
18 Mar-16 1,266,601.90 1,266,601.90 17,692.88 1,248,909.02 -

2,798,834.22 20,000,000.00
Nota:Tabla sujeta a modificacion por variación de la tasa. 5,597,668.44 ###
 Presupuesto de Caja de , HIERRO L
Oct-14 Nov-14
Entradas de Efectivo 31,550,000 128,760,500
Menos: Desembolso de Efectivo 96,872,000 99,293,800

Flujo Neto de Caja (65,322,000) 29,466,700

Agregar: Saldo inicial de Caja - 134,678,000

Saldo Final de Caja (65,322,000) 164,144,700

Agregar: Financiamiento Requerido 200,000,000 -

Saldo Final de Caja con Financiamiento 134,678,000.00 164,144,700.00

Jul-05 Aug-05
Entradas de Efectivo 145,680,687 149,322,704
Menos: Desembolso de Efectivo 96,872,000 99,293,800

Flujo Neto de Caja 48,808,687 50,028,904

Agregar: Saldo inicial de Caja 143,397,255 192,205,942

Saldo Final de Caja 192,205,942 242,234,847

Agregar: Financiamiento Requerido - -

Saldo Final de Caja con Financiamiento 192,205,942 242,234,847

Jan-06 Feb-06
Entradas de Efectivo 168,944,934 173,168,557
Menos: Desembolso de Efectivo 186,147,810 136,483,526

Flujo Neto de Caja (17,202,876) 36,685,031

Agregar: Saldo inicial de Caja 309,006,899 291,804,023

Saldo Final de Caja 291,804,023 328,489,054

Agregar: Financiamiento Requerido - -

Saldo Final de Caja con Financiamiento 291,804,023 328,489,054

Programa de entradas de efectivo proyectadas

Jan-05 Feb-05
Ventas pronosticadas 125,620,000 128,760,500

Ventas de Contado 9,500,000 9,737,500

Cobranzas 62,810,000 64,380,250
Con un mes de atraso 53,310,000 54,642,750
Con dos mes de atraso
Otras entradas de efectivo

Total de entradas en efectivo 125,620,000 128,760,500

Jul-05 Aug-05
Ventas pronosticadas 145,680,687 149,322,704

Ventas de Contado 10,748,378 11,017,087

Cobranzas 72,840,344 74,661,352
Con un mes de atraso 62,091,966 63,644,265
Con dos mes de atraso
Otras entradas de efectivo

Total de entradas en efectivo 145,680,687 149,322,704

Jan-06 Feb-06
Ventas pronosticadas 168,944,934 173,168,557

Ventas de Contado 12,160,803 12,464,823

Cobranzas 84,472,467 86,584,279
Con un mes de atraso 72,311,664 74,119,455
Con dos mes de atraso
Otras entradas de efectivo

Total de entradas en efectivo 168,944,934 173,168,557

Programa de desembolso de efectivo proyectada

Jan-05 Feb-05
Compras pronosticadas 75,372,000 77,256,300

Compras de Contado 75,372,000 77,256,300

Pagos
Con un mes de atraso
Con dos mes de atraso
Pagos de Gastos operativos 21,500,000 22,037,500
Compra de Activo Fijo
Pagos de Intereses
Pago de financiamiento

Total de desembolso en efectivo 96,872,000 99,293,800

Jul-05 Aug-05
Compras pronosticadas 87,408,412 89,593,623

Compras de Contado 87,408,412 89,593,623

Pagos
Con un mes de atraso
Con dos mes de atraso
Pagos de Gastos operativos 24,933,408 25,556,744
Compra de Activo Fijo
Pagos de Intereses 11,250,000
Pago de financiamiento 50,000,000

Total de desembolso en efectivo 173,591,821 115,150,366

Jan-06 Feb-06
Compras pronosticadas 101,366,960.46 103,901,134.47

Compras de Contado 101,366,960.46 103,901,134.47

Pagos
Con un mes de atraso
Con dos mes de atraso
Pagos de Gastos operativos 31,030,849.46 32,582,391.93
Compra de Activo Fijo
Pagos de Intereses 3,750,000
Pago de financiamiento 50,000,000.00

Total de desembolso en efectivo 186,147,809.92 136,483,526.40

a de , HIERRO LA 42, C.A.
Dec-14 Jan-15 Feb-15 Mar-15
131,979,512 135,279,000 138,660,975 142,127,500
101,776,145 250,487,949 106,928,562 109,601,776

30,203,367 (115,208,949) 31,732,413 32,525,723

164,144,700 194,348,067 79,139,119 110,871,532

194,348,067 79,139,119 110,871,532 143,397,255

- - - -

194,348,067.50 79,139,119.00 110,871,531.98 143,397,255.28

Sep-05 Oct-05 Nov-05 Dec-05

153,055,772 156,882,166 160,804,220 164,824,326
101,776,145 250,487,949 106,928,562 109,601,776

51,279,627 (93,605,783) 53,875,658 55,222,550

242,234,847 293,514,474 199,908,691 253,784,349

293,514,474 199,908,691 253,784,349 309,006,899

- - - -

293,514,474 199,908,691 253,784,349 309,006,899

Mar-06 Apr-06 May-06 Jun-06

177,497,771 181,935,216 186,483,596 191,145,686
140,710,174 145,083,217 149,608,349 154,291,513

36,787,597 36,851,999 36,875,247 36,854,173

328,489,054 365,276,651 402,128,650 439,003,897

365,276,651 402,128,650 439,003,897 475,858,071

- - - -

365,276,651 402,128,650 439,003,897 475,858,071

vo proyectadas de Ferre Aceros, C.A.

Mar-05 Apr-05 May-05 Jun-05
131,979,512 135,279,000 138,660,975 142,127,500

9,980,938 10,230,461 10,486,222 10,748,378

65,989,756 67,639,500 69,330,488 71,063,750
56,008,819 57,409,039 58,844,265 60,315,372
 131,979,512 135,279,000 138,660,975 142,127,500

Sep-05 Oct-05 Nov-05 Dec-05

153,055,772 156,882,166 160,804,220 164,824,326

11,292,515 11,574,828 11,864,198 12,160,803

76,527,886 78,441,083 80,402,110 82,412,163
65,235,371 66,866,256 68,537,912 70,251,360

153,055,772 156,882,166 160,804,220 164,824,326

Mar-06 Apr-06 May-06 Jun-06

177,497,771 181,935,216 186,483,596 191,145,686

12,776,444 13,095,855 13,423,251 13,758,833

88,748,886 90,967,608 93,241,798 95,572,843
75,972,442 77,871,753 79,818,547 81,814,010

177,497,771 181,935,216 186,483,596 191,145,686

ctivo proyectadas de Ferre Aceros, C.A.

Mar-05 Apr-05 May-05 Jun-05
79,187,708 81,167,400 83,196,585 85,276,500

79,187,708 81,167,400 83,196,585 85,276,500

22,588,437 23,153,148 23,731,977 24,325,277

15,000,000
50,000,000

101,776,145 250,487,949 106,928,562 109,601,776

Sep-05 Oct-05 Nov-05 Dec-05

91,833,463 94,129,300 96,482,532 98,894,596

91,833,463 94,129,300 96,482,532 98,894,596

 26,195,662 26,850,554 27,521,818 28,209,863

7,500,000
50,000,000

118,029,125 178,479,854 124,004,350 127,104,459

Mar-06 Apr-06 May-06 Jun-06

106,498,662.83 109,161,129.41 111,890,157.64 114,687,411.58

106,498,662.83 109,161,129.41 111,890,157.64 114,687,411.58

34,211,511.53 35,922,087.10 37,718,191.46 39,604,101.03

140,710,174.36 145,083,216.51 149,608,349.10 154,291,512.61

Prestamo 200,000,000.00
PAGOS 25% CADA 90 DIAS
INTERES 30%

2004-05 Promedio 2003-04

Ingresos 936,112,000 187,222,400 1,468,862,000
Compras 694,021,000 138,804,200 858,291,000
Gastos Operativos 147,613,000 29,522,600 303,112,000

Utilidad o Perdida 94,478,000 18,895,600 307,459,000

802427487.836.13
 930569876.236.67

2003-04 Promedio
1,468,862,000 122,405,167 (Bs 8,801,930,611.12)
858,291,000 71,524,250 58.43
303,112,000 25,259,333

307,459,000 25,621,583

558341925.742.00
647505456.395.31

#REF!
Promedio 2002-03 Promedio
122,405,167 819,307,000 68,275,583
71,524,250 333,807,000 27,817,250
25,259,333 332,540,000 27,711,667

25,621,583 152,960,000 12,746,667