CIF

2014 2015 2016 2017

Seguro de planta $ 4,000,000 $ 4,000,000 $ 4,000,000 $ 4,000,000
Depreciacin $ 8,110,000 $ 8,110,000 $ 8,110,000 $ 8,110,000
Mantenimiento $ 5,313,350 $ 5,406,450 $ 6,550,600 $ 8,055,680
Servicios pblicos $ 4,660,715 $ 5,220,000 $ 5,846,400 $ 6,547,968
MOI $ 15,840,000 $ 15,840,000 $ 17,560,000 $ 20,554,000
Materiales indirectos $ 4,218,300 $ 4,695,000 $ 4,860,900 $ 8,953,335
Total CIF $ 42,142,365 $ 43,271,450 $ 46,927,900 $ 56,220,983
 DEUDA A LARGO PLAZO
Fecha Cuota Inters
31-Dec-12 $ - $ -
31-Dec-13 $ 35,696,276.09 $ 23,520,000.039
31-Dec-14 $ 35,696,276.09 $ 20,597,693.782
31-Dec-15 $ 35,696,276.09 $ 16,974,034.022
31-Dec-16 $ 35,696,276.09 $ 12,480,695.918
31-Dec-17 $ 35,696,276.09 $ 6,908,956.667

DEUDA A CORTO PLAZO 1

Fecha Cuota Inters
30-Jun-14 $ - $ -
30-Sep-14 $ 1,147,764.81 $ 230,000.00
30-Dec-14 $ 1,147,764.81 $ 177,228.52
30-Mar-15 $ 1,147,764.81 $ 121,422.69
30-Jun-15 $ 1,147,764.81 $ 62,408.02

DEUDA A CORTO PLAZO 2

Fecha Cuota Inters
30-Sep-16 $ - $ -
30-Dec-16 $ 1,501,212.13 $ 387,500
30-Mar-17 $ 1,501,212.13 $ 301,187.31
30-Jun-17 $ 1,501,212.13 $ 208,185.39
30-Sep-17 $ 1,501,212.13 $ 107,975.81

DEUDA A CORTO PLAZO 3

Fecha Cuota Inters
30-Aug-17 $ - $ -
30-Oct-17 $ 5,164,207.81 $ 1,625,000
30-Dec-17 $ 5,164,207.81 $ 1,394,951.49
30-feb-18 $ 5,164,207.81 $ 1,149,949.83
30-Apr-18 $ 5,164,207.81 $ 889,023.06
30-Jun-18 $ 5,164,207.81 $ 611,136.06
30-Aug-18 $ 5,164,207.81 $ 315,186.39

Bonos
Fecha Cuota Interes
12/31/2012 $ - $ -
12/31/2013 $ - $ 13,750,000
12/31/2014 $ - $ 13,750,000
12/31/2015 $ - $ 13,750,000
12/31/2016 $ - $ 13,750,000
12/31/2017 $ - $ 13,750,000
AZO Tasa NCAT 22.1000588%
Capital Saldo Tasa Efect. Trim 5.52501%
$ - $ 98,000,000.00 Tasa Efect. Anual 24%
$ 12,176,276.051 $ 85,823,723.949 Saldo $ 98,000,000
$ 15,098,582.308 $ 70,725,141.640 Cuota $ 35,696,276.09
$ 18,722,242.068 $ 52,002,899.572
$ 23,215,580.172 $ 28,787,319.40
$ 28,787,319.423 $ (0.02)

ZO 1 Tasa NCT 23%

Capital Saldo Tasa Efect. Trim. 5.75%
$ - $ 4,000,000 Saldo $ 4,000,000
$ 917,764.81 $ 3,082,235.19 Cuota $ 1,147,764.81
$ 970,536.28 $ 2,111,698.91
$ 1,026,342.12 $ 1,085,356.79
$ 1,085,356.79 $ (0.00)

ZO 2 Tasa NCT 31%

Capital Saldo Tasa Efect. Trim. 7.75%
$ - $ 5,000,000 Saldo $ 5,000,000
$ 1,113,712.13 $ 3,886,287.87 Cuota $ 1,501,212.13
$ 1,200,024.82 $ 2,686,263.05
$ 1,293,026.74 $ 1,393,236.31
$ 1,393,236.31 $ (0.00)

ZO 3 Tasa NCB 39%

Capital Saldo Tasa Efect. Bim 6.50%
$ - $ 25,000,000 Saldo $ 25,000,000
$ 3,539,207.81 $ 21,460,792.19 Cuota $ 5,164,207.81
$ 3,769,256.31 $ 17,691,535.88
$ 4,014,257.97 $ 13,677,277.91
$ 4,275,184.74 $ 9,402,093.16
$ 4,553,071.75 $ 4,849,021.41
$ 4,849,021.41 $ 0.00

Tasa efectiva anual 25%

Capital Saldo Saldo $ 55,000,000.00
$ - $ 55,000,000
$ - $ 55,000,000
$ - $ 55,000,000
$ - $ 55,000,000
$ - $ 55,000,000
$ 55,000,000 $ -
 Estado de costos
2014 2015 2016
(+)Inv. Inicial MP $ 2,587,000 $ 3,600,000 $ 2,850,000
(+)Compra de MP $ 43,196,000 $ 46,200,000 $ 48,729,000
(-)Inv. Final de MP $ 3,600,000 $ 2,850,000 $ 2,970,000
(=)Costo de MP Consumida $ 42,183,000 $ 46,950,000 $ 48,609,000
(+)MOD $ 7,965,000 $ 8,558,000 $ 9,136,000
(+)CIF $ 42,142,365 $ 43,271,450 $ 46,927,900
(=)Costo de Produccin $ 92,290,365 $ 98,779,450 $ 104,672,900
(+)Inv. Inicial de PP $ 4,441,000 $ 3,964,000 $ 6,589,000
(-)Inv. Final de PP $ 3,964,000 $ 6,589,000 $ 5,730,000
(=)Costo de Produccin Terminada $ 92,767,365 $ 96,154,450 $ 105,531,900
(+)Inv. InicIal de PT $ 7,632,000 $ 11,183,000 $ 7,240,000
(-)Inv. Final de PT $ 11,183,000 $ 7,240,000 $ 9,442,000
(=)CMV $ 89,216,365 $ 100,097,450 $ 103,329,900

2014 Analisis vertical 2015

Ventas netas $ 168,000,000 100.00% $ 242,000,000
(-)CMV $ 89,216,365 53.10% $ 100,097,450
(=)Utilidad Bruta $ 78,783,635 46.90% $ 141,902,550
(+)Depreciacin $ 3,767,000 2.24% $ 4,590,000
(+)Servicios Publicos $ 3,241,070 1.93% $ 3,630,000
(+)Nmina de personal $ 5,997,000 3.57% $ 6,673,000
(=)Gastos de Administracin $ 13,005,070 7.74% $ 14,893,000
(+)Comisiones $ 6,720,000 4.00% $ 9,680,000
(+)Depreciacin $ 5,200,000 3.10% $ 5,200,000
(+)Publicidad $ - 0.00% $ 7,000,000
(=)Gastos de Ventas $ 11,920,000 7.10% $ 21,880,000
(=)Utilidad Operativa (UAII) $ 53,858,565 32.06% $ 105,129,550
(-)Gastos Financieros $ 34,754,922.305 20.69% $ 30,907,864.72
(=)Utilidad Antes de Impuestos (UAI) $ 19,103,642.69 11.37% $ 74,221,685.28
(-)Impuestos $ 6,304,202.09 3.75% $ 24,493,156.14
(=)Utilidad Neta $ 12,799,440.61 7.62% $ 49,728,529.13
 2017
$ 2,970,000
$ 60,398,000
$ 3,679,100
$ 59,688,900
$ 15,112,000
$ 56,220,983
$ 131,021,883
$ 5,730,000
$ 7,943,000
$ 128,808,883
$ 9,442,000
$ 12,356,000
$ 125,894,883

Estado de Resultados
Analisis Vertical Analisis horizontal 2016 Analisis Vertical Analisis horizontal
100.00% 44% $ 246,800,000 100.00% 1.98%
41.36% 12% $ 103,329,900 41.87% 3.23%
58.64% 80% $ 143,470,100 58.13% 1.10%
1.90% 22% $ 5,761,000 2.33% 25.51%
1.50% 12% $ 4,065,600 1.65% 12.00%
2.76% 11% $ 8,419,000 3.41% 26.17%
6.15% 15% $ 18,245,600 7.39% 22.51%
4.00% 44% $ 9,872,000 4.00% 1.98%
2.15% 0% $ 11,000,000 4.46% 111.54%
2.89% 0% $ 5,000,000 2.03% -28.57%
9.04% 84% $ 25,872,000 10.48% 18.24%
43.44% 95% $ 99,352,500 40.26% -5.50%
12.77% -11% $ 26,618,196 10.79% -13.88%
30.67% 289% $ 72,734,304 29.47% -2.00%
10.12% 289% $ 24,002,320 9.73% -2.00%
20.55% 289% $ 48,731,984 19.75% -2.00%
 2017 Analisis Vertical Analisis horizontal 2018
$ 218,795,000 100.00% -11.35%
$ 125,894,883 57.54% 21.84%
$ 92,900,117 42.46% -35.25%
$ 6,375,400 2.91% 10.66%
$ 4,553,472 2.08% 12.00%
$ 9,148,000 4.18% 8.66%
$ 20,076,872 9.18% 10.04%
$ 8,751,800 4.00% -11.35%
$ 13,400,000 6.12% 21.82%
$ 5,000,000 2.29% 0.00%
$ 27,151,800 12.41% 4.95%
$ 45,671,445 20.87% -54.03% $ 62,626,711
$ 24,296,257 11.10% -8.72% $ 42,715,294.00
$ 21,375,188 9.77% -70.61% $ 19,911,416.82
$ 7,053,812 3.22% -70.61% $ 6,570,767.55
$ 14,321,376 6.55% -70.61% $ 13,340,649.27
100

2%
12
4

33%
 BALANCE GENERAL
Activos 2014 2015 2016 2017
(+)Cajas y bancos $ 12,000,000 $ 13,221,816 $ 14,634,710 $ 14,849,875
(+)CxC $ 26,612,000 $ 28,996,000 $ 31,573,000 $ 35,075,000
(+)Inventarios $ 18,747,000 $ 16,679,000 $ 18,142,000 $ 23,978,100
(=)Total Activos Corrientes $ 57,359,000 $ 58,896,816 $ 64,349,710 $ 73,902,975
(+)Terrenos $ 90,000,000 $ 90,000,000 $ 90,000,000 $ 90,000,000
(+)Edificios $ 73,000,000 $ 73,000,000 $ 73,000,000 $ 73,000,000
(+)Maquinaria y equipo $ 44,600,000 $ 44,600,000 $ 44,600,000 $ 44,600,000
(+)Muebles y enseres $ 21,250,000 $ 24,160,000 $ 28,490,000 $ 30,170,000
(+)Vehiculos $ 26,000,000 $ 26,000,000 $ 55,000,000 $ 67,000,000
(+)Equipo de cmputo $ 8,210,000 $ 10,870,000 $ 14,560,000 $ 16,792,000
(-)Dep. acumulada $ 34,154,000 $ 52,054,000 $ 76,925,000 $ 104,810,400
(=)Total Activos Fijos $ 228,906,000 $ 216,576,000 $ 228,725,000 $ 216,751,600
(+)Seguros $ 8,000,000 $ 4,000,000 $ - $ -
(+)Publicidad $ - $ 25,000,000 $ 20,000,000 $ 15,000,000
(=)Total Activos Diferidos $ 8,000,000 $ 29,000,000 $ 20,000,000 $ 15,000,000
Total Activos $ 294,265,000 $ 304,472,816 $ 313,074,710 $ 305,654,575
BALANCE GENERAL
Pasivos 2014 2015 2016 2017
(+)Proveedores $ 5,000,000 $ 8,146,000 $ 11,793,000 $ 13,459,000
(+)Impuestos por pagar $ 1,050,700 $ 4,082,193 $ 4,000,387 $ 1,395,635
(+)Deudas a CP $ 2,111,698.91 $ - $ 3,886,287.87 $ 17,691,536
(=)Total Pasivos Corrientes $ 8,162,399 $ 12,228,193 $ 19,679,675 $ 32,546,171
(+)Bonos $ 55,000,000 $ 55,000,000 $ 55,000,000 $ 55,000,000
(+)Deudas a LP $ 70,725,141.64 $ 52,002,899.57 $ 28,787,319.40 $ -
(=)Total Pasivos LP $ 125,725,141.64 $ 107,002,899.57 $ 83,787,319.40 $ 55,000,000.00
Total Pasivos $ 133,887,540.55 $ 119,231,092.57 $ 103,466,994.27 $ 87,546,170.88

Patrimonio
(+)Capital social $ 149,000,000 $ 149,000,000 $ 149,000,000 $ 149,000,000
(+)Utilidades Retenidas $ 11,377,459 $ 36,241,724 $ 60,607,716 $ 69,108,404

(=)Total Patrimonio $ 160,377,459 $ 185,241,724 $ 209,607,716 $ 218,108,404

Total Pasivo + Patrimonio $ 294,264,999.55 $ 304,472,816.57 $ 313,074,710.27 $ 305,654,574.88
 KTNO
2013 2014 2015 2016
(+)CxC $ 26,612,000 $ 26,612,000 $ 28,996,000 $ 31,573,000
(+)Inventarios $ 14,660,000 $ 18,747,000 $ 16,679,000 $ 18,142,000
(-)Proveedores $ 5,000,000 $ 5,000,000 $ 8,146,000 $ 11,793,000
(-)Impuestos por pagar $ 1,050,700 $ 1,050,700 $ 4,082,193 $ 4,000,387
KTNO $ 35,221,300 $ 39,308,300 $ 33,446,807 $ 33,921,613
Aumento KTNO $ 4,087,000 -$ 5,861,493.00 $ 474,806

FLUJO DE CAJA LIBRE

2014 2015 2016 2017
(+)Utilidad neta $ 12,799,440.61 $ 49,728,529.13 $ 48,731,983.74 $ 14,321,376.18
(+)Depreciaciones $ 17,077,000 $ 17,900,000 $ 24,871,000 $ 27,885,400
(+)Intereses $ 34,754,922.31 $ 30,907,864.72 $ 26,618,195.92 $ 24,296,256.67
(+)Diferidos $ 4,000,000.00 $ 4,000,000.00 $ 9,000,000.00 $ 5,000,000.00
(=)Flujo de Caja Bruto $ 68,631,362.91 $ 102,536,393.86 $ 109,221,179.65 $ 71,503,032.85
(-)Aumento KTNO $ 4,087,000.00 $ 5,861,493.00 $ 474,806.00 $ 10,276,852.00
(-)Aumento Activos Fijos $ - $ 5,570,000.00 $ 37,020,000.00 $ 15,912,000.00
(-)Aumento de Diferidos $ - $ 25,000,000.00 $ - $ -
(=)Flujo de Caja Libre $ 64,544,362.91 $ 66,104,900.86 $ 71,726,373.65 $ 45,314,180.85
(-)Servicio a la deuda $ 51,741,805.70 $ 51,741,805.70 $ 50,947,488.22 $ 64,278,328.09
(+)Prstamos $ 4,000,000.00 $ - $ 5,000,000.00 $ 25,000,000.00
(-)Dividendos $ 6,399,720.30 $ 24,864,264.57 $ 24,365,991.87 $ 7,160,688.09
(=)Disponible en caja $ 10,402,836.90 -$ 10,501,169.41 $ 1,412,893.57 -$ 1,124,835.32

COSTO DE CAPITAL (CK) 2014

FUENTE MONTO %PART EAII PONDERACIN
Proveedores $ 5,000,000.00 1.70% 44.9549% 0.764%
Deudas a corto plazo $ 2,111,698.91 0.72% 25.061% 0.180%
Bonos $ 55,000,000.00 18.69% 25% 4.673%
Deudas a largo plazo $ 70,725,141.64 24.03% 24% 5.768%
Impuestos por pagar $ 1,050,700.00 0.36% 44.9549% 0.161%
Patrimonio $ 160,377,459.00 54.50% 35% 19.075%
TOTAL $ 294,264,999.55 100.00% CK AI 30.621%

COSTO DE CAPITAL (CK) 2015

FUENTE MONTO %PART EAII PONDERACIN
Proveedores $ 8,146,000.00 2.68% 44.955% 1.20%
Deudas a corto plazo $ - 0.00% 0.000% 0.00%
Bonos $ 55,000,000.00 18.06% 25% 4.52%
Deudas a largo plazo $ 52,002,899.57 17.08% 24% 4.10%
Impuestos por pagar $ 4,082,193.00 1.34% 44.955% 0.60%
Patrimonio $ 185,241,724.00 60.84% 35% 21.29%
TOTAL $ 304,472,816.57 100% CK AI 31.71%
 COSTO DE CAPITAL (CK) 2016
FUENTE MONTO %PART EAII PONDERACIN
Proveedores $ 11,793,000.00 3.77% 44.95% 1.693%
Deudas a corto plazo $ 3,886,287.87 1.24% 34.79% 0.432%
Bonos $ 55,000,000.00 17.57% 25% 4.392%
Deudas a largo plazo $ 28,787,319.40 9.20% 24% 2.207%
Impuestos por pagar $ 4,000,387.00 1.28% 44.95% 0.574%
Patrimonio $ 209,607,716.00 66.95% 35% 23.433%
TOTAL $ 313,074,710.27 100% CK AI 32.731%

COSTO DE CAPITAL (CK) 2017

FUENTE MONTO %PART EAII PONDERACIN
Proveedores $ 13,459,000.00 4.40% 44.95% 1.98%
Deudas a corto plazo $ 17,691,535.88 5.79% 45.91% 2.66%
Bonos $ 55,000,000.00 17.99% 25% 4.50%
Deudas a largo plazo $ - 0.00% 0% 0.00%
Impuestos por pagar $ 1,395,635.00 0.46% 44.95% 0.21%
Patrimonio $ 218,108,404.00 71.36% 35% 24.98%
TOTAL $ 305,654,574.88 100% CK AI 34.32%

ENDEUDAMIENTO (Nuevo crdito)

FECHA CUOTA INTERS CAPITAL SALDO
12/31/2017 $ - $ - $ - $ 100,000,000
12/31/2018 $ 26,000,000.00
12/31/2019
12/31/2020
12/31/2021
12/31/2022

Ao 2018
Inversin $ 114,849,875.00
En maq 10
ROA 2017 14.76%
UAII Adicional $ 16,955,265.82
Inters primer ao $ 26,000,000.00
Depreciacin adicional $ 11,484,987.50
 Cubrimiento de la deuda
2017 2014 2015
$ 35,075,000 (+)Cuota corto plazo $ 2,295,529.61 $ 2,295,529.61
$ 23,978,100 (+)Cuota largo plazo $ 35,696,276.09 $ 35,696,276.09
$ 13,459,000 (+)Bonos $ 13,750,000.00 $ 13,750,000.00
$ 1,395,635 (=)Total $ 51,741,805.70 $ 51,741,805.70
$ 44,198,465
$ 10,276,852

2018 2019
$ 13,340,649.27
$ 39,370,388
$ 42,715,294.00
$ 9,000,000.00
$ 104,426,330.77 $ 104,426,330.77
$ - $ -
$ 16,000,000.00
$ -
$ 88,426,330.77

50%

EADI PONDERACIN EAAI

28.56% 0.48535% 6% 6.382979% 44.9549%
25.46% 0.18270% 25.06089%
16.8% 3.13068%
16.1% 3.86475%
28.56% 0.10199%
35% 19.07536%
CK DI 26.84083%

EADI PONDERACIN
28.56% 0.76%
35.49% 0.00%
16.8% 3.03%
16.1% 2.75%
28.56% 0.38%
35% 21.29%
CK DI 28.21%
 EADI PONDERACIN
28.56% 1.08%
35.49% 0.44% 34.794%
16.8% 2.94%
16.1% 1.48%
28.56% 0.36%
35% 23.43%
CK DI 30%

EADI PONDERACIN
28.56% 1.26%
35.49% 2.05% 45.914%
16.8% 3.01%
16.1% 0.00%
28.56% 0.13%
35% 24.98%
CK DI 31.43%

Tasa efect. Anual 26.00%

Saldo $ 100,000,000
Cuota $ 35,355,570.02
de la deuda
2016 2017 2018
$ 1,501,212.13 $ 14,832,052.00
$ 35,696,276.09 $ 35,696,276.09
$ 13,750,000.00 $ 13,750,000.00
$ 50,947,488.22 $ 64,278,328.09

EADI
4.27660% 28.56450%
3.85250% 25.45897%
16.8%
16.1%

5.1925% 35.490%
 INDICES
Indice Ecuacin

Rotacin CxC Ventas a crdito/CxC netas

Rotacin Inv MP Costo MP Consumida/Promedio Inv MP

Rotacin Inv PP Costo Prod. Terminado/Promedio Inv PP

Rotacin Inv PT CMV/Promedio Inv PT

Rotacin CxP Compras a crdito/Promedio CxP

Razn Corriente Activos corrientes/Pasivos Corrientes

Prueba cida (Activos corrientes-Inventarios)/Pasivos corrientes

Importancia AC Activos corrientes/Activos totales

ROA UAII/Promedio Activos

Rent. Activo AI UAI/Promedio Activos

Rent. Neta Activo Utilidad neta/ Prom Activos

Rent. Patrim AI UAI/ Promedio Patrimonio

Rent. Neta Patrim. Utilidad neta/ Prom. Patrimonio

Endeudamiento Pasivos totales / Activos totales

Cubrimiento SD Serv. Deuda / FCL

 2014
Valores Veces
$ 159,600,000
5.50
$ 28,996,000
$ 42,183,000
13.64
$ 3,093,500
$ 92,767,365
22.07
$ 4,202,500
$ 89,216,365
9.48
$ 9,407,500
$ 43,196,000
8.64
$ 5,000,000
$ 57,359,000.0
7.027
$ 8,162,398.91
$ 38,612,000
4.730
$ 8,162,398.91
$ 57,359,000
19.49%
$ 294,265,000
$ 53,858,565
17.99%
$ 299,368,908
$ 19,103,642.69
6.38%
$ 299,368,908
$ 12,799,440.61
4.28%
$ 299,368,908
$ 19,103,642.69
11.91%
$ 160,377,459.00
$ 12,799,440.61
7.98%
$ 160,377,459.00
$ 133,887,540.55
45.50%
$ 294,265,000
$ 51,741,805.70
80.16%
$ 64,544,362.91
2015
Dias Valores
$ 229,900,000
66
$ 30,284,500
$ 46,950,000
27
$ 3,225,000
$ 96,154,450
17
$ 5,276,500
$ 100,097,450
38
$ 9,211,500
$ 46,200,000
42
$ 6,573,000
$ 58,896,816
$ 12,228,193
$ 42,217,816
$ 12,228,193
$ 58,896,816
$ 304,472,816
$ 105,129,550
$ 308,773,763.00
$ 74,221,685.28
$ 308,773,763.00
$ 49,728,529.13
$ 308,773,763.00
$ 74,221,685.28
$ 172,809,592
$ 49,728,529.13
$ 172,809,592
$ 119,231,093
$ 304,472,816
$ 51,741,805.70
$ 66,104,900.86
2015 2016
Veces Dias Valores Veces
$ 234,460,000
7.59 48 7.43
$ 31,573,000
$ 48,609,000
14.56 25 16.70
$ 2,910,000
$ 105,531,900
18.22 20 17.13
$ 6,159,500
$ 103,329,900
10.87 34 12.39
$ 8,341,000
$ 48,729,000
7.03 52 4.89
$ 9,969,500
$ 64,349,710
4.816 3.270
$ 19,679,675
$ 46,207,710
3.452 2.348
$ 19,679,675
$ 64,349,710
19.34% 20.55%
$ 313,074,710
$ 99,352,500
34.05% 31.73%
$ 313,074,710.00
$ 72,734,304.08
24.04% 23.23%
$ 313,074,710.00
$ 48,731,983.74
16.11% 15.57%
$ 313,074,710.00
$ 72,734,304.08
42.95% 36.84%
$ 197,424,720
$ 48,731,983.74
28.78% 24.68%
$ 197,424,720
$ 103,466,994
39.16% 33.05%
$ 313,074,710
$ 50,947,488.22
78.27% 71.03%
$ 71,726,373.65
 2017
Dias Valores Veces Dias
$ 218,795,000
49 6.57 56
$ 33,324,000
$ 59,688,900
22 17.95 20
$ 3,324,550
$ 128,808,883
21 18.84 19
$ 6,836,500
$ 125,894,883
29 11.55 32
$ 10,899,000
$ 60,398,000
75 4.78 76
$ 12,626,000
$ 73,902,975
3.270 2.271
$ 32,546,171
$ 49,924,875
2.348 1.534
$ 32,546,171
$ 73,902,975
20.55% 24.18%
$ 305,654,575
$ 45,671,445
31.73% 14.76%
$ 309,364,642.50
$ 21,375,188.33
23.23% 6.91%
$ 309,364,642.50
$ 14,321,376.18
15.57% 4.63%
$ 309,364,642.50
$ 21,375,188.33
36.84% 10.00%
$ 213,858,060
$ 14,321,376.18
24.68% 6.70%
$ 213,858,060
$ 87,546,171
33.05% 28.64%
$ 305,654,575
$ 64,278,328.09
71.03% 141.85%
$ 45,314,180.85
 Promedios
OBJETIVO
2014 2015
CxC netas $ 28,996,000.00 $ 30,284,500.00
45 das
Activos $ 299,368,908.00 $ 308,773,763.00
Inv. MP $ 3,093,500.00 $ 3,225,000.00
20 das
Inv. PP $ 4,202,500.00 $ 5,276,500.00
Inv. PT $ 9,407,500.00 $ 9,211,500.00
20 das
CxP netas $ 5,000,000.00 $ 6,573,000.00
Patrimonio $ 160,377,459.00 $ 172,809,591.50
30 das

60 das

3 veces

2 veces

30%

20%

20%

15%

35%

60%

40%
Promedios Valores
2016 2017 2013 2014
$ 31,573,000.00 $ 33,324,000.00 CxC netas $ 28,996,000.00 $ 28,996,000.00
$ 313,074,710.00 $ 309,364,642.50 Activos $ 294,265,000.00 $ 304,472,816.00
$ 2,910,000.00 $ 3,324,550.00 Inv. MP $ - $ 6,187,000.00
$ 6,159,500.00 $ 6,836,500.00 Inv. PP $ - $ 8,405,000.00
$ 8,341,000.00 $ 10,899,000.00 Inv. PT $ - $ 18,815,000.00
$ 9,969,500.00 $ 12,626,000.00 CxP netas $ 5,000,000.00 $ 5,000,000.00
$ 197,424,720.00 $ 213,858,060.00 Patrimonio $ 160,377,459.00 $ 160,377,459.00
Valores
2015 2016 2017
$ 31,573,000.00 $ 31,573,000.00 $ 35,075,000.00
$ 313,074,710.00 $ 313,074,710.00 $ 305,654,575.00
$ 6,450,000.00 $ 5,820,000.00 $ 6,649,100.00
$ 10,553,000.00 $ 12,319,000.00 $ 13,673,000.00
$ 18,423,000.00 $ 16,682,000.00 $ 21,798,000.00
$ 8,146,000.00 $ 11,793,000.00 $ 13,459,000.00
$ 185,241,724.00 $ 209,607,716.00 $ 218,108,404.00