ESTRUCTURA DE FINANCIAMIENTO E INVERSION

ANEXO 1 ACTIVO FIJO

DETALLE APORTE PROPIO CREDITO TOTAL
ACTIVO
MAQ. EQUIPO 400,000.00 400,000.00 800,000.00
TERRENO 40,000.00 40,000.00 80,000.00
MUEEBLES Y EN 35,000.00 35,000.00 70,000.00
EDIFICIOS 125,000.00 125,000.00 250,000.00
TOTAL A.F. 600,000.00 600,000.00 1,200,000.00

ACTIVO CORR.
CAJA BANCOS 50,000.00 50,000.00
INVENTARIO 100,000.00 100,000.00
TOTAL ACT.CO 50,000.00 100,000.00 150,000.00

ACTIVO DIFER.
GASTOS ORGA. 30,000.00 30,000.00
INTER. DIFER. 70,000.00 70,000.00
TOTAL ACT.DIF 100,000.00 0.00 100,000.00

TOTAL DE TOTALES 1,450,000.00 INVERSION INICIAL

ANEXO 2
ESTRUCTURA DE FINANCIAMIENTO
MONTO 600,000.00 PLAZO 7.00 AÑOS
TASA1 0.14 AMORTIZAC. 5.00 CUOTAS FIJAS A CAPITAL
GRACIA 2.00 AÑOS

FECHA SALDO A. K A. I
3/1/2010 600,000.00
3/1/2011 600,000.00 84,000.00
3/1/2012 600,000.00 84,000.00
3/1/2013 480,000.00 120,000.00 84,000.00
 3/1/2014 360,000.00 120,000.00 67,200.00
3/1/2015 240,000.00 120,000.00 50,400.00
3/1/2016 120,000.00 120,000.00 33,600.00
3/1/2017 0.00 120,000.00 16,800.00

ANEXO 3 ESTRUCTURA DE FIANCIAMIENTO ACTIVO CORRIENTE - INVENTARIOS

MONTO 100,000.00 PLAZO 3 A ÑOS
TASA 0.17 AMORTIZA. 3 CUOTAS FIJAS A CAPITAL

FECHA SALDO A. K A. I
1/1/2011 100,000.00
1/1/2012 66,666.67 33,333.33 17,000.00
1/1/2013 33,333.33 33,333.33 11,333.33
1/1/2014 0.00 33,333.33 5,666.67

ANEXO 4 GASTOS FNIANCIEROS

AÑO ACT. FIJO ACTIVO COR. TOTAL

1/1/2011 84,000.00 84,000.00
1/1/2012 84,000.00 17,000.00 101,000.00
1/1/2013 84,000.00 11,333.33 95,333.33
1/1/2014 67,200.00 5,666.67 72,866.67
1/1/2015 50,400.00 50,400.00
1/1/2016 33,600.00 33,600.00
1/1/2017 16,800.00 16,800.00

ANEXO 5 PROGRAMA DE PRODUCCION

capacidad de plan 2,500,000.00 produccion inicial 1000000

incremento anual 5.00% incremento anual un 125000

demanda insatisfecha
 2009 1,000,000.00
Ubidades producidas 2010 1,150,000.00
1/1/2011 1,000,000.00 2011 1,322,500.00
1/1/2012 1,125,000.00 2012 1,520,875.00
1/1/2013 1,250,000.00 2013 1,749,006.25
1/1/2014 1,375,000.00 2014 2,011,357.19
1/1/2015 1,500,000.00 2015 2,313,060.77
1/1/2016 1,625,000.00 2016 2,660,019.88
1/1/2017 1,750,000.00 2017 3,059,022.86
1/1/2018 1,875,000.00 2018 3,517,876.29
1/1/2019 2,000,000.00 2019 4,045,557.74
1/1/2020 2,125,000.00 2020 4,652,391.40

ANEXO 6 CALCULO DE COSTOS DE FABRICACION

costo fabricacion unitario 11.21

AÑO PROUCCION (metros) COSTO M.P y M.O.

1/1/2011 1,000,000.00 11,206,000.00
1/1/2012 1,125,000.00 12,606,750.00
1/1/2013 1,250,000.00 14,007,500.00
1/1/2014 1,375,000.00 15,408,250.00
1/1/2015 1,500,000.00 16,809,000.00
1/1/2016 1,625,000.00 18,209,750.00
1/1/2017 1,750,000.00 19,610,500.00
1/1/2018 1,875,000.00 21,011,250.00
1/1/2019 2,000,000.00 22,412,000.00
1/1/2020 2,125,000.00 23,812,750.00

ANEXO 7 GASTOS DE ADMINISTRACION

Gasto Administracion fijo (1M metros) 1,000,000.00
Gasto Administracion varible (100000 metros 10,000.00
AÑO PROUCCION (metros) G. Adm. Variable G. Adm. Fijos total Gastos Administracion
1/1/2011 1,000,000.00 0.00 1,000,000.00 1,000,000.00
1/1/2012 1,125,000.00 12,500.00 1,000,000.00 1,012,500.00
1/1/2013 1,250,000.00 25,000.00 1,000,000.00 1,025,000.00
1/1/2014 1,375,000.00 37,500.00 1,000,000.00 1,037,500.00
1/1/2015 1,500,000.00 50,000.00 1,000,000.00 1,050,000.00
1/1/2016 1,625,000.00 62,500.00 1,000,000.00 1,062,500.00
1/1/2017 1,750,000.00 75,000.00 1,000,000.00 1,075,000.00
1/1/2018 1,875,000.00 87,500.00 1,000,000.00 1,087,500.00
1/1/2019 2,000,000.00 100,000.00 1,000,000.00 1,100,000.00
1/1/2020 2,125,000.00 112,500.00 1,000,000.00 1,112,500.00

ANEXO 8 GASTO DE VENTAS

AÑO PROUCCION COMISION 0,25$/mt costo de venta fijo total Gasto de Venta
1/1/2011 1,000,000.00 250,000.00 250,000.00 500,000.00
1/1/2012 1,125,000.00 281,250.00 250,000.00 531,250.00
1/1/2013 1,250,000.00 312,500.00 250,000.00 562,500.00
1/1/2014 1,375,000.00 343,750.00 250,000.00 593,750.00
1/1/2015 1,500,000.00 375,000.00 250,000.00 625,000.00
1/1/2016 1,625,000.00 406,250.00 250,000.00 656,250.00
1/1/2017 1,750,000.00 437,500.00 250,000.00 687,500.00
1/1/2018 1,875,000.00 468,750.00 250,000.00 718,750.00
1/1/2019 2,000,000.00 500,000.00 250,000.00 750,000.00
1/1/2020 2,125,000.00 531,250.00 250,000.00 781,250.00

ANEXO 9 RESUMEN DE COSTOS Y GASTOS

AÑO PROUCCION COSTO DE FABR. GASTOS ADM COSTO VENT. TOTAL

1/1/2011 1,000,000.00 11,206,000.00 1,000,000.00 500,000.00 12,706,000.00
1/1/2012 1,125,000.00 12,606,750.00 1,012,500.00 531,250.00 14,150,500.00
 1/1/2013 1,250,000.00 14,007,500.00 1,025,000.00 562,500.00 15,595,000.00
1/1/2014 1,375,000.00 15,408,250.00 1,037,500.00 593,750.00 17,039,500.00
1/1/2015 1,500,000.00 16,809,000.00 1,050,000.00 625,000.00 18,484,000.00
1/1/2016 1,625,000.00 18,209,750.00 1,062,500.00 656,250.00 19,928,500.00
1/1/2017 1,750,000.00 19,610,500.00 1,075,000.00 687,500.00 21,373,000.00
1/1/2018 1,875,000.00 21,011,250.00 1,087,500.00 718,750.00 22,817,500.00
1/1/2019 2,000,000.00 22,412,000.00 1,100,000.00 750,000.00 24,262,000.00
1/1/2020 2,125,000.00 23,812,750.00 1,112,500.00 781,250.00 25,706,500.00

ANEXO 10 PROGRAMA DE VENTAS

AÑO PROUCCION (mts) PRECIO VENTA (20$/mt)

1/1/2011 1,000,000.00 20,000,000.00
1/1/2012 1,125,000.00 22,500,000.00
1/1/2013 1,250,000.00 25,000,000.00
1/1/2014 1,375,000.00 27,500,000.00
1/1/2015 1,500,000.00 30,000,000.00
1/1/2016 1,625,000.00 32,500,000.00
1/1/2017 1,750,000.00 35,000,000.00
1/1/2018 1,875,000.00 37,500,000.00
1/1/2019 2,000,000.00 40,000,000.00
1/1/2020 2,125,000.00 42,500,000.00

ANEXO 11 CALCULO DE LAS DEPRECIACIONES

ACTIVO MONTO TASA DEPRECIACION Anual

MAQ. EQUIPO 800,000.00 0.10 80,000.00
EDIFICIO 250,000.00 0.025 6,250.00 Valor Recuperacion Edificio
MUEBLES y EN. 70,000.00 0.10 35,000.00
TOTAL ACT. 1,120,000.00 86,250.00

ANEXO 12 AMORTIZACION ACTIVO DIFERIDO

ACTIVO MONTO TASA TOTAL Amort. Anual
GASTOS DE OR. 30,000.00 0.20 6,000.00
INTERESES DIF. 70,000.00 0.20 14,000.00
TOTAL 100,000.00 20,000.00

ANEXO 13 ESTRUCTURA DE INGRESOS GASTOS Y COSTOS

DETALLE 2010 (montaje) 2011 2012 2013 2014

INGRESOS
Valor rec. Edificio
VENTAS 20,000,000.00 22,500,000.00 25,000,000.00 27,500,000.00
Total Ingresos 20,000,000.00 22,500,000.00 25,000,000.00 27,500,000.00
GASTOS Y COSTOS
GASTOS DE FABRICACION 11,206,000.00 12,606,750.00 14,007,500.00 15,408,250.00
COSTOS ADMINISTRATIVOS 1,000,000.00 1,012,500.00 1,025,000.00 1,037,500.00
COSTOS DE VENTAS 500,000.00 531,250.00 562,500.00 593,750.00
COSTOS FINANCIEROS 84,000.00 101,000.00 95,333.33 72,866.67
DEPRECIACIONES 86,250.00 86,250.00 86,250.00 86,250.00
AMORTIZACION ACT DIF 20,000.00 20,000.00 20,000.00 20,000.00
TOTAL COSTOS Y GASTOS 12,896,250.00 14,357,750.00 15,796,583.33 17,218,616.67

UTILIDAD O PERDIDA 7,103,750.00 8,142,250.00 9,203,416.67 10,281,383.33

IUE 1,775,937.50 2,035,562.50 2,300,854.17 2,570,345.83
UTIDAD O NETA 7,103,750.00 8,142,250.00 9,203,416.67 10,281,383.33

CUADRO I PRESUPUESTO PARA LA EVALUACION ECONOMICA

DETALLE 0.00 1.00 2.00 3.00 4.00

FUENTE
UTILIDAD 7,103,750.00 8,142,250.00 9,203,416.67 10,281,383.33
DEPRECIACION 86,250.00 86,250.00 86,250.00 86,250.00
COSTOS FINANCIEROS 84,000.00 101,000.00 95,333.33 72,866.67
AMORTIZACION A.D. 20,000.00 20,000.00 20,000.00 20,000.00
CAJA INICIAL 50,000.00
TOTAL FUENTE 7,344,000.00 8,349,500.00 9,405,000.00 10,460,500.00
USOS 1,450,000
FNC -1,450,000.00 7,344,000.00 8,349,500.00 9,405,000.00 10,460,500.00
DESEMBOLSOS

6,120,000 5,798,264 5,442,708 5,044,608

VAN
44,254,155
TOTAL 42,804,155
INDICE RENTAB. 30.52
C/B 5,919,791.67 5,654,340.28 5,326,051.31 4,958,228.85
10,746,875 9,970,660 9,141,541 8,303,731
0.60

VAN= 42,804,154.65 El poyecto con una duracion de 10 años produciri

TIR= 5.20 La tasa minima para obtener ganancias debe ser
IR= 30.52 es la utilidad que se obtiene por cada peso de act
C/B= 0.60 Representa el beneficio obtenido frente a los cost
costos de fabricacion por metro
cant. (gr) costo ($/kg) costo unitario
algodón 250 20.00 5
poliester 170 10.00 1.7
Aprestos 50 30.00 1.5
Colorantes 60 50.00 3
($/10000mts)
energia y otros 10.00 0.001
Mano de Obra 50.00 0.005
costo unitario variable por metro 11.206
Recuperacion Edificio 187500
 2015 2016 2017 2018 2019 2020

187500
30,000,000.00 32,500,000.00 35,000,000.00 37,500,000.00 40,000,000.00 42,500,000.00
30,000,000.00 32,500,000.00 35,000,000.00 37,500,000.00 40,000,000.00 42,687,500.00

16,809,000.00 18,209,750.00 19,610,500.00 21,011,250.00 22,412,000.00 23,812,750.00

1,050,000.00 1,062,500.00 1,075,000.00 1,087,500.00 1,100,000.00 1,112,500.00
625,000.00 656,250.00 687,500.00 718,750.00 750,000.00 781,250.00
50,400.00 33,600.00 16,800.00
86,250.00 86,250.00 86,250.00 86,250.00 86,250.00 86,250.00
20,000.00
18,640,650.00 20,048,350.00 21,476,050.00 22,903,750.00 24,348,250.00 25,792,750.00

11,359,350.00 12,451,650.00 13,523,950.00 14,596,250.00 15,651,750.00 16,894,750.00

2,839,837.50 3,112,912.50 3,380,987.50 3,649,062.50 3,912,937.50 4,223,687.50
11,359,350.00 12,451,650.00 13,523,950.00 14,596,250.00 15,651,750.00 16,894,750.00

5.00 6.00 7.00 8.00 9.00 10.00

11,359,350.00 12,451,650.00 13,523,950.00 14,596,250.00 15,651,750.00 16,894,750.00

86,250.00 86,250.00 86,250.00 86,250.00 86,250.00 86,250.00
 50,400.00 33,600.00 16,800.00 0.00 0.00 0.00
20,000.00 0.00 0.00 0.00 0.00 0.00

11,516,000.00 12,571,500.00 13,627,000.00 14,682,500.00 15,738,000.00 16,981,000.00

11,516,000.00 12,571,500.00 13,627,000.00 14,682,500.00 15,738,000.00 16,981,000.00

4,628,022 4210169.91384 3803045.60685 3414680.23792 3050129.83622 2742526.30305

4,565,068.00 4,170,032.39 3,774,286.24 3,394,621.24 3,033,414.01 2,728,596.45 43,524,430.43

7,491,259 6,714,152 5993571.41007 5326680.23152 4718853.97032 4165673.12308 72572996.783

on de 10 años produciria ganancias de 42804154$ con un rendimiento esperado de 20%

ner ganancias debe ser por encima del 5,2%, en nuestro caso se espera un rendimiento del 20% por lo que las ganancias seran grandes
ne por cada peso de activo total invertido
btenido frente a los costos
n grandes