11 - PROJEÇÃO DOS RESULTADOS ECONÔMICO/FINANCEIROS ( R$ 1,00 )

ITENS 1º ANO 2º ANO ANO TÍPICO

CUSTO CUSTO CUSTO

MENSAL MENSAL MENSAL
UNITÁRIO UNITÁRIO UNITÁRIO

VENDAS MENSAIS FELDSPATO / AREIA ( t ) 2,500 5,000 7,000

1 - CUSTOS DIRETOS
1.1 - MATÉRIA-PRIMA COLOCADA NO SILO TRIPLO 5.00 12,500 4.50 22,500 4.50 31,500
1.2 - ENERGIA ELÉTRICA 5.00 12,500 5.00 25,000 5.00 35,000
1.3 - COMBUSTÍVEIS / LUBRIFICANTES / GÁS 3.00 7,500 3.00 15,000 3.00 21,000
1.4 - PNEUS / MATERIAL RODANTE 0.50 1,250 0.50 2,500 0.50 3,500
1.5 - PEÇAS DE DESGASTE 1.00 2,500 1.50 7,500 1.50 10,500
1.6 - REVESTIMENTOS / CORPOS MOEDORES 2.00 5,000 2.00 10,000 2.00 14,000
1.7 - EMBALAGENS 0.80 2,000 1.00 5,000 1.00 7,000
1.8 - SUB-CONTRATAÇÃO SERV./EQUIPAMENTOS 0.50 1,250 0.50 2,500 0.50 3,500
1.9 - ROYATIES SUPERFICÁRIOS 0.30 750 0.30 1,500 0.30 2,100
1.10 - PERDAS NO PROCESSO (2,0% x 1.1 a 1.9) 0.36 905 0.36 1,810 0.36 2,534
1.11 - RESUMO DOS CUSTOS DIRETOS 18.46 46,155 18.66 93,310 18.66 130,634
2 - CUSTOS INDIRETOS
2.1 - MÃO-DE-OBRA / ENCARGOS 8.00 20,000 8.00 40,000 8.00 56,000
2.2 - DESPESAS ADMINISTRATIVAS 4.00 10,000 4.00 20,000 4.00 28,000
2.3 - MANUTENÇÃO (PEÇAS E MATERIAIS) 2.50 6,250 2.50 12,500 2.50 17,500
2.4- CONTROLE DA QUALIDADE 2.00 5,000 2.00 10,000 2.00 14,000
2.5 - SEGUROS DIVERSOS 0.80 2,000 0.80 4,000 0.80 5,600
2.7 - PAGAMENTO DA JAZIDA (70 parcelas de R$ 30.000,00) 12.00 30,000 6.00 30,100 4.29 30,030
2.6 - OUTRAS DESPESAS 0.50 1,250 0.50 2,500 0.50 3,500
2.8 - RESUMO DOS CUSTOS INDIRETOS 29.80 74,500 23.80 119,100 22.09 154,630
3-TOTAL CUSTOS DIRETOS+INDIRETOS 48.26 120,655 42.46 212,410 40.75 285,264
4 - IMPOSTOS: 4.1 ICMS (10% x Fat. CIF) 20.00 50,000 20.00 100,000 20.00 140,000
4.2 CPMF +PIS + COFINS (5,5% x Fat. CIF) 11.00 27,500 11.00 55,000 11.00 77,000
5 - DESCONTO DE DUPLICATAS 0.00 0 0.00 0 0.00 0
6 - DESPESAS FINANCEIRAS (1,0% x Fat. CIF) 2.00 5,000 2.00 10,000 2.00 14,000
7 - OVER HEAD (1,0% x Fat. CIF) 2.00 5,000 2.00 10,000 2.00 14,000
8 - COMERCIALIZAÇÃO (4,0% x Fat. CIF) 8.00 20,000 8.00 40,000 8.00 56,000
9 - INVESTIMENTOS - DEPRECIAÇÃO (1.250.000 t.) 5.80 14,500 6.00 30,000 6.20 43,400
10 - CUSTO TOTAL FOT UIBF 97.06 242,655 91.46 457,310 89.95 629,664
11 - TRANSPORTE PRODUTOS (80% SP/RJ - 20% SUL) 35.00 87,500 35.00 175,000 35.00 245,000
12 - CUSTO TOTAL CIF CLIENTES 132.06 330,155 132.06 660,310 124.95 874,664
13 - FATURAMENTO BRUTO TOTAL CIF 200.00 500,000 200.00 1,000,000 200.00 1,400,000
14 - LUCRO BRUTO (TRIBUTÁVEL) 67.94 169,845 67.94 339,690 75.05 525,336
15 - IR + CS = 25% x L. BRUTO 16.98 42,461 16.98 84,923 18.76 131,334
16 - CUSTO TOTAL CIF C/ I. RENDA 149.05 372,616 149.05 745,233 143.71 1,005,998
17 - LUCRO LÍQUIDO FINAL 50.95 127,384 50.95 254,768 56.29 394,002
18 - RENTABILIDADE S/ CUSTO TOTAL (%) 34.19 - 34.19 - 39.17 -
19 - RENTABILIDADE S/ FATUR. TOTAL (%) 25.48 - 25.48 - 28.14 -
20 - RENTABILIDADE S/ INVEST. (% ao mês) - 1.59 - 3.18 - 4.93
21 - PAY BACK (Taxa de Desconto - 12% a . a) 2,5 ANOS
Obs.: 1 - Por simplificação, os custos mensais do Projeto foram diluídos somente no Feldspato, o que significa que os custos unitários efetivos
são bem menores quando distribuídos também nas Areias Feldspáticas.
 12 - FLUXO DE CAIXA PROJETADO ( i=12% a.a. ) - CASO BÁSICO

DESCRIÇÃO 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 TOTAL

01- RECEITA BRUTA 6,000,000 12,000,000 16,800,000 16,800,000 16,800,000 16,800,000 16,800,000 16,800,000 16,800,000 16,800,000 16,800,000 16,800,000 16,800,000 16,800,000 16,800,000 236,400,000

02- DEDUÇÕES
ICMS (9%) x FAT CIF 600,000 1,200,000 1,680,000 1,680,000 1,680,000 1,680,000 1,680,000 1,680,000 1,680,000 1,680,000 1,680,000 1,680,000 1,680,000 1,680,000 1,680,000 23,640,000
PIS + COFINS (5%) x FAT. CIF 330,000 660,000 924,000 924,000 924,000 924,000 924,000 924,000 924,000 924,000 924,000 924,000 924,000 924,000 924,000 13,002,000
TOTAL 930,000 1,860,000 2,604,000 2,604,000 2,604,000 2,604,000 2,604,000 2,604,000 2,604,000 2,604,000 2,604,000 2,604,000 2,604,000 2,604,000 2,604,000 36,642,000
03- RECEITA LIQUIDA. 5,070,000 10,140,000 14,196,000 14,196,000 14,196,000 14,196,000 14,196,000 14,196,000 14,196,000 14,196,000 14,196,000 14,196,000 14,196,000 14,196,000 14,196,000 199,758,000

04- CUSTOS
MATÉRIA-PRIMA C/ FRETE 150,000 270,000 378,000 378,000 378,000 378,000 378,000 378,000 378,000 378,000 378,000 378,000 378,000 378,000 378,000 5,334,000
DIRETOS 403,860 849,720 1,189,608 1,189,608 1,189,608 1,189,608 1,189,608 1,189,608 1,189,608 1,189,608 1,189,608 1,189,608 1,189,608 1,189,608 1,189,608 16,718,484
INDIRETOS 894,000 1,429,200 1,855,560 1,855,560 1,855,560 1,855,560 1,855,560 1,855,560 1,855,560 1,855,560 1,855,560 1,855,560 1,855,560 1,855,560 1,855,560 26,445,480
FRETE PRODUTOS 1,050,000 2,100,000 2,940,000 2,940,000 2,940,000 2,940,000 2,940,000 2,940,000 2,940,000 2,940,000 2,940,000 2,940,000 2,940,000 2,940,000 2,940,000 41,370,000
DESP. FINANCEIRAS + DESC. DUPL 60,000 120,000 168,000 168,000 168,000 168,000 168,000 168,000 168,000 168,000 168,000 168,000 168,000 168,000 168,000 2,364,000
D. COMERCIAIS + OVER HEAD 300,000 600,000 840,000 840,000 840,000 840,000 840,000 840,000 840,000 840,000 840,000 840,000 840,000 840,000 840,000 11,820,000
TOTAL 2,857,860 5,368,920 7,371,168 7,371,168 7,371,168 7,371,168 7,371,168 7,371,168 7,371,168 7,371,168 7,371,168 7,371,168 7,371,168 7,371,168 7,371,168 104,051,964
05- DEPRECIAÇÃO 156,600 324,000 468,720 468,720 468,720 468,720 468,720 468,720 468,720 468,720 468,720 468,720 468,720 468,720 468,720 6,573,960

06- LUCRO TRIB. 2,055,540 4,447,080 6,356,112 6,356,112 6,356,112 6,356,112 6,356,112 6,356,112 6,356,112 6,356,112 6,356,112 6,356,112 6,356,112 6,356,112 6,356,112 89,132,076

07- IMPOSTOS
IMPOSTO RENDA 489,885 1,087,770 1,565,028 1,565,028 1,565,028 1,565,028 1,565,028 1,565,028 1,565,028 1,565,028 1,565,028 1,565,028 1,565,028 1,565,028 1,565,028 21,923,019
TOTAL 489,885 1,087,770 1,565,028 1,565,028 1,565,028 1,565,028 1,565,028 1,565,028 1,565,028 1,565,028 1,565,028 1,565,028 1,565,028 1,565,028 1,565,028 21,923,019
08- LUCRO LÍQUIDO 1,565,655 3,359,310 4,791,084 4,791,084 4,791,084 4,791,084 4,791,084 4,791,084 4,791,084 4,791,084 4,791,084 4,791,084 4,791,084 4,791,084 4,791,084 67,209,057

09- ENTRADAS
LUCRO LÍQUIDO 1,565,655 3,359,310 4,791,084 4,791,084 4,791,084 4,791,084 4,791,084 4,791,084 4,791,084 4,791,084 4,791,084 4,791,084 4,791,084 4,791,084 4,791,084 67,209,057
DEPRECIAÇÃO 156,600 324,000 468,720 468,720 468,720 468,720 468,720 468,720 468,720 468,720 468,720 468,720 468,720 468,720 468,720 6,573,960
VALOR RESIDUAL 0 0 0 0 0 0 0 0 0 0 0 0 0 0 630,000 630,000
RECUPERAÇÃO CAPITAL GIRO 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
TOTAL 1,722,255 3,683,310 5,259,804 5,259,804 5,259,804 5,259,804 5,259,804 5,259,804 5,259,804 5,259,804 5,259,804 5,259,804 5,259,804 5,259,804 5,889,804 74,413,017
10- SAÍDAS
INVESTIMENTOS 6,300,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6,300,000
CAPITAL DE GIRO 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
TOTAL 6,300,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6,300,000
11- FLUXO LÍQ. CAIXA -4,577,745 3,683,310 5,259,804 5,259,804 5,259,804 5,259,804 5,259,804 5,259,804 5,259,804 5,259,804 5,259,804 5,259,804 5,259,804 5,259,804 5,889,804 68,113,017

12- FLUXO LÍQ. CAIXA ACUM. -4,577,745 -894,435 4,365,369 9,625,173 14,884,977 20,144,781 25,404,585 30,664,389 35,924,193 41,183,997 46,443,801 51,703,605 56,963,409 62,223,213 68,113,017 -
13- RESULT. ECONÔMICOS : : VALOR PRESENTE LÍQUIDO (NPV) ( i = 12% aa) = 29,006,447.31 TAXA INTERNA DE RETORNO (IRR) = 97.9% PAY BACK = 2,5 ANOS
 13 - ANÁLISE DE SENSIBILIDADE - Caso Básico
Variação do Valor Presente Líquido e da TIR do Empreendimento (NPV/TIR)

ITEM CASO BÁSICO VALOR DO VPL (NPV) VARIAÇÃO

TOTAL VPL
- 15% 0% + 15%
(%)
INVESTIMENTOS 6,300,000 29,006,447 0.0

CUSTOS 104,051,964 29,006,447 0.0

FATURAMENTO 199,758,000 29,006,447 0.0

OBS: A elevada sensibilidade às variações do Faturamento, já está protegida pelos coeficientes de segurança
usados nos preços de mercado, conforme quadro do item 5.