Beruflich Dokumente
Kultur Dokumente
1/4"
Costos Anuales (US$)
Costo del
Equipo
Descripcion
Mantenimie
nto
Operarios
Gastos de
Venta
40,000.00
300.00
9,230.77
70,000.00
200.00
9,230.77
24,230.77
5. Gerencia General
Totales
110,000.00
Descripcion
Porcentajes de incremento de Ventas
2012
Ventas
Adelanto
Mantenimiento
Gastos Administrativos
Gastos de Venta
Gastos Financieros
Costo Total
Utilidad
Impuesto (30%)
Credito Fiscal (18%)
Utilidad Neta
79,753.85
54,000.00
500.00
71,769.23
31,153.85
157,423.08
-77,669.23
-23,300.77
-54,368.46
500.00
18,461.54
6,923.08
31,153.85
2013
30.00%
103,680.00
2014
20.00%
124,416.00
2015
10.00%
136,857.60
500.00
71,769.23
31,153.85
21,653.33
125,076.41
-21,396.41
-6,418.92
3,897.60
-11,079.89
500.00
71,769.23
31,153.85
21,653.33
125,076.41
-660.41
-198.12
3,897.60
3,435.31
500.00
71,769.23
31,153.85
21,653.33
125,076.41
11,781.19
3,534.36
3,897.60
12,144.43
Banco
Leasing
Tasas de Credito
Descripcion
Tasas anuales
Capital Requerido
Capital propio (20%)
Costo
Deuda
14%
110,000.00
54,000.00
16%
Deuda (80%)
56,000.00
Descripcion
Minutos
Costo (soles)
Tiempo de
Tiempo de
Corte
Plegado
2.5
2.5
2
2
Dia
Cortes
432
172.80
345.60
Servicios
Alquiler de la
Infraestructura
18,461.54
1,846.15
1,846.15
3,692.31
18,461.54
2016
4.00%
142,331.90
2017
4.00%
148,025.18
2018
4.00%
153,946.19
2019
4.00%
160,104.03
2020
4.00%
166,508.20
500.00
71,769.23
31,153.85
500.00
71,769.23
31,153.85
500.00
71,769.23
31,153.85
500.00
71,769.23
31,153.85
500.00
71,769.23
31,153.85
103,423.08
38,908.83
11,672.65
103,423.08
44,602.10
13,380.63
103,423.08
50,523.11
15,156.93
103,423.08
56,680.96
17,004.29
103,423.08
63,085.12
18,925.54
27,236.18
31,221.47
35,366.18
39,676.67
44,159.58
Costo de
oportunidad
7% trimestral
Plegados
172.80
345.60
345.60
11.52
Descripcion
2012
2013
2014
2015
2016
2017
Porcentajes de
incremento de Ventas
30.00%
20.00%
10.00%
4.00%
4.00%
2021
4.00%
173,168.52
500.00
71,769.23
31,153.85
103,423.08
69,745.45
20,923.63
48,821.81
20000
14400
800
14400
20
360
Empresa
600,000.00
390,000.00
8,076.00
48.29
30,000.00
166,666.67
N
Plancha
Encuesta anual (TN)
Kilos de
Plancha
Diario
85.00
283.33
100.00
333.33
120.00
400.00
80.00
266.67
120.00
400.00
80.00
266.67
75.00
250.00
Empresa de carroceria
110.00
366.67
Estructuras Metalicas
160.00
533.33
10
95.00
1,025.00
316.67
Tn/anuales
Tn/anuales
empresas
Tn/anuales
Tn/anuales
Tn/anuales
Rango de Espesor
Peso de
Plancha
N de
planchas
Cortes y
Plegados x
Planchas
Total de
Plegados y
Cortes
Costo Corte y
Doblez x
espesor
De 3.1 mm a 4.5mm
87.00
3.26
40
130.27
0.50
De 1.6 mm a 3 mm
44.00
7.58
30
227.27
0.40
De 1.6 mm a 3 mm
44.00
9.09
30
272.73
0.40
De 3.1 mm a 4.5mm
87.00
3.07
40
122.61
0.50
De 1.6 mm a 3 mm
44.00
9.09
30
272.73
0.30
De 1.6 mm a 3 mm
44.00
6.06
30
181.82
0.40
De 3.1 mm a 4.5mm
87.00
2.87
40
114.94
0.50
De 1.6 mm a 3 mm
44.00
8.33
30
250.00
0.40
De 4.6 mm a 6 mm
87.00
6.13
10
61.30
0.60
De 0.5 mm a 1.5 mm
22.61
14.01
69.48
40
560.22
2,193.89
0.30
Venta
Diaria (S/.)
65.13
90.91
109.09
61.30
81.82
72.73
57.47
100.00
36.78
168.07
843.30
N = Total de la poblacin
Z
2 = 1.962 (si la seguridad es del 95%)
p = proporcin esperada (en este caso 5% = 0.05)
q = 1 p (en este caso 1-0.05 = 0.95)
d = precisin (en este caso deseamos un 3%)
n = tamao de la muestra = 195.137644
Tasa de incremento
3
35%
20%
N Planchas por da
Planchas de 1.6 mm a 3 mm
Planchas de 3.1 mm a 4.5 mm
Planchas de 4.6 mm a 6 mm
Planchas de 0.5 mm a 1.5 mm
27
7
2
16
36
9
3
22
44
11
3
26
15
30
10
15
15
30
10
15
15
30
10
15
0.6
0.7
0.8
0.5
0.6
0.7
0.8
0.5
0.6
0.7
0.8
0.5
75.8
45.9
5.0
37.4
164.1
150.4
119.7
72.4
7.9
59.1
259.2
251.3
143.7
86.9
9.5
71.0
311.0
306.7
167.54
3.- Costos Operativos
1
N operarios
Salario semanal (MSoles)
Costo operarios (MSoles)
N personal de apoyo
2
0.5
48.0
2
0.5
48.0
2
0.5
48.0
0.3
28.8
0.3
28.8
0.3
28.8
52.5
52.5
52.5
Electricidad (MSoles)
Mantenimiento (MSoles)
Servicios (MSoles)
Alquiler rea (MSoles)
9.6
1.3
9.6
48.0
9.6
1.3
9.6
48.0
9.6
1.3
9.6
48.0
19.6
19.6
19.6
0.7
13.5
14.2
1.1
21.3
22.4
1.3
25.6
26.9
7%
31%
16%
-1%
15%
64%
18%
trimestral
anual soles
anual dlares
anual
anual soles
constante en promedio
anual soles
7.- Otros
Tipo de cambio
Tasa de impuesto a la Renta
Inflacin anual
2.75
30%
2%
Valores constantes
ESTADO DE GANANCIAS Y P
(MSoles)
0
Ingresos por Servicios
Ingresos por Servicio de corte y plegado
Total Ingresos por servicios
Costos Operativos
Mano de obra
Ingeniero de Planta
Electricidad
Mantenimiento
164.1
164.1
259.2
259.2
76.8
52.5
9.6
1.3
76.8
52.5
9.6
1.3
Servicios
Depreciacin
Total costos
Gastos Administrativos
Utilidad Bruta
Impuesto a la Renta
Utilidad Neta
9.6
28.0
177.8
19.6
-33.3
-10.0
-23.3
9.6
27.5
177.3
19.6
62.3
18.7
43.6
Ao Base: 2012
Valores constantes
FLUJO ECONMICO
(MSoles)
0
FLUJO DE INVERSIN
Cizalladora hidrulica
Plegadora hidrulica
Capital de trabajo
Valor residual
Flujo de Inversin
104.0
182.0
14.2
8.2
4.5
300.2
8.2
4.5
FLUJO OPERATIVO
Ingresos por Servicios
Ingresos por Servicio de corte y plegado
Total Ingresos por servicios
150.4
150.4
251.3
251.3
Egresos
Mano de obra
Ingeniero de Planta
Electricidad
Mantenimiento
Servicios
Alquiler rea
Gastos Administrativos
Impuesto a la Renta
Total Egresos
76.8
52.5
9.6
1.3
9.6
48.0
19.6
-10.0
207.4
76.8
52.5
9.6
1.3
9.6
48.0
19.6
18.7
236.1
Flujo Operativo
-57.0
15.2
-65.2
10.7
Flujo Financiero
-300.2
S/. 35.60 MSoles
20%
3 metodos:
1. descontar los flujos de caja desapalancados al WACC
Supuestos
Sustentar
La politica de dividendo esta dada y no cambia
el riesgo del proyecto es igual al riesgo de negocio
la realacion deuda capital es constante
0.636363636
10
15%
15%
10%
5%
3%
3%
3%
50
13
4
30
58
15
4
34
64
16
5
38
67
17
5
40
69
18
5
41
71
18
5
42
73
19
5
43
15
30
10
15
15
30
10
15
15
30
10
15
15
30
10
15
15
30
10
15
15
30
10
15
15
30
10
15
0.6
0.7
0.8
0.5
0.6
0.7
0.8
0.5
0.6
0.7
0.8
0.5
0.6
0.7
0.8
0.5
0.6
0.7
0.8
0.5
0.6
0.7
0.8
0.5
0.6
0.7
0.8
0.5
165.2
100.0
10.9
81.6
357.7
353.8
190.0
115.0
12.5
93.8
411.3
406.9
209.0
126.4
13.8
103.2
452.5
449.0
219.5
132.8
14.5
108.4
475.1
473.2
226.1
136.8
14.9
111.6
489.3
488.1
232.8
140.9
15.3
115.0
504.0
502.8
239.8
145.1
15.8
118.4
519.1
517.9
10
2
0.5
48.0
2
0.5
48.0
2
0.5
48.0
2
0.5
48.0
2
0.5
48.0
2
0.5
48.0
2
0.5
48.0
0.3
28.8
0.3
28.8
0.3
28.8
0.3
28.8
0.3
28.8
0.3
28.8
0.3
28.8
52.5
52.5
52.5
52.5
52.5
52.5
52.5
9.6
1.3
9.6
48.0
9.6
1.3
9.6
48.0
9.6
1.3
9.6
48.0
9.6
1.3
9.6
48.0
9.6
1.3
9.6
48.0
9.6
1.3
9.6
48.0
9.6
1.3
9.6
48.0
19.6
19.6
19.6
19.6
19.6
19.6
19.6
1.5
29.4
30.9
1.7
33.8
35.5
1.9
37.2
39.1
2.0
39.0
41.0
2.0
40.2
42.3
2.1
41.4
43.5
2.2
42.7
44.8
311.0
311.0
357.7
357.7
411.3
411.3
452.5
452.5
475.1
475.1
489.3
489.3
504.0
504.0
76.8
52.5
9.6
1.3
76.8
52.5
9.6
1.3
76.8
52.5
9.6
1.3
76.8
52.5
9.6
1.3
76.8
52.5
9.6
1.3
76.8
52.5
9.6
1.3
76.8
52.5
9.6
1.3
9.6
27.0
176.8
19.6
114.7
34.4
80.3
9.6
26.4
176.2
19.6
161.9
48.6
113.3
9.6
25.9
175.7
19.6
216.0
64.8
151.2
9.6
25.4
175.2
19.6
257.7
77.3
180.4
9.6
24.9
174.7
19.6
280.8
84.2
196.6
9.6
24.4
174.2
19.6
295.5
88.7
206.9
9.6
23.9
173.7
19.6
310.7
93.2
217.5
FLUJO ECONMICO
(MSoles)
3
4.0
4.6
3.6
2.0
1.2
1.3
1.3
4.0
4.6
3.6
2.0
1.2
1.3
1.3
306.7
306.7
353.8
353.8
406.9
406.9
449.0
449.0
473.2
473.2
488.1
488.1
502.8
502.8
76.8
52.5
9.6
1.3
9.6
48.0
19.6
34.4
251.8
76.8
52.5
9.6
1.3
9.6
48.0
19.6
48.6
266.0
76.8
52.5
9.6
1.3
9.6
48.0
19.6
64.8
282.2
76.8
52.5
9.6
1.3
9.6
48.0
19.6
77.3
294.7
76.8
52.5
9.6
1.3
9.6
48.0
19.6
84.2
301.6
76.8
52.5
9.6
1.3
9.6
48.0
19.6
88.7
306.1
76.8
52.5
9.6
1.3
9.6
48.0
19.6
93.2
310.6
54.9
87.8
124.7
154.3
171.6
182.1
192.2
50.9
83.2
121.1
152.4
170.3
180.8
190.9
45
67.82
101.74
20.3
kg/dia
Tn/ao
43.3
1,215.00
474.74
203.48
324.80
2,218.02
665.41
1,640.25
640.90
274.70
438.48
2,994.33
898.30
1,968.30
769.08
329.64
526.18
3,593.19
1,077.96
10
519.1
519.1
76.8
52.5
9.6
1.3
9.6
23.5
173.3
19.6
326.3
97.9
228.4
10
-44.8
-44.8
550.9
550.9
76.8
52.5
9.6
1.3
9.6
48.0
19.6
97.9
315.3
235.6
280.4
2,263.55
884.44
379.08
605.10
4,132.17
1,239.65
2,603.08
1,017.11
435.95
695.87
4,752.00
1,425.60
2,863.38
1,118.82
479.54
765.45
5,227.20
1,568.16
3,006.55
1,174.76
503.52
803.73
5,488.56
1,646.57
3,096.75
1,210.00
518.62
827.84
5,653.21
1,695.96
3,189.65
1,246.30
534.18
852.67
5,822.81
1,746.84
10
3,285.34
1,283.69
550.21
878.25
5,997.49
1,799.25
Ao Base: 2012
Valores constantes
FLUJO FINANCIER
(MSoles)
0
-300.2
182.0
-118.2
VANF
TIRF
-100.9
21%
-65.2
10.7
-81.0
8.7
-137.5
-81.0
6.2
-64.1
FLUJO FINANCIERO
(MSoles)
3
50.9
83.2
121.1
152.4
170.3
180.8
190.9
-81.0
3.4
-26.8
83.2
121.1
152.4
170.3
180.8
190.9
10
280.4
280.4
Plegadora
Leasing
TEA
Tiempo
Impuesto a la Renta
16% dlares
3 aos
30%
Perodo
Cuota
0
1
2
3
Amortizacin
29.5
29.5
29.5
Depreciacin anual
Inters
Saldo
18.9
21.9
25.4
10.6
7.6
4.1
66.2
47.3
25.4
0.0
1
-29.5
3.2
6.6
-19.7
2
-29.5
2.3
6.6
-20.6
3
-29.5
1.2
6.6
-21.6
22.1 MUS$
Aos
Cuota
Escudo intereses
Escudo depreciacin
Total
Tasa de decuento
11%
VAN
-50.1 MUS$
Banco
TEA
Tiempo
Impuesto a la Renta
14% dlares
3 aos
30%
Perodo
Cuota
0
1
2
3
Depreciacin anual
Aos
Cuota
Escudo intereses
Escudo depreciacin
Total
Tasa de decuento
Amortizacin
28.5
28.5
28.5
Saldo
19.2
21.9
25.0
9.3
6.6
3.5
66.2
46.9
25.0
0.0
1
-28.5
2.8
2.0
-23.7
2
-28.5
2.0
2.0
-24.5
3
-28.5
1.1
2.0
-25.5
6.6 MUS$
10%
VAN
Inters
-61.2 MUS$
Tasa de
variacin del
precio
-21%
-16%
-11%
-6%
-1%
0%
5%
10%
15%
20%
25%
Tasa de
variacin
costo mo
-45%
-35%
120
100
80
VAN (MSoles)
35.6
98.2
85.7
73.2
60.6
48.1
35.6
23.1
10.6
-2.0
-14.5
-27.0
60
40
20
0
-25% -20% -15% -10% -5%
-20
-40
VAN
2,500
35.6
-521.8
-433.1
-321.0
-178.7
2.4
35.6
275.3
580.7
969.3
1,463.1
2,088.8
2,000
1,500
VAN (MSoles)
-25%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
VAN
1,000
500
0
-21% -16% -11% -6%
-1%
-500
-1,000
VAN
400
35.6
192.5
176.6
200
VAN (MSoles)
Tasa de
variacin de
inversin
-200
-5%
0%
Tasa de
variacin
crecimiento
VAN
-11%
-9%
-7%
-5%
-3%
0%
2%
4%
6%
8%
10%
35.6
-92.9
-71.1
-48.6
-25.5
-1.6
35.6
61.3
87.9
115.2
143.4
172.5
VAN (MSoles)
154.0
120.8
70.4
35.6
-7.8
-130.5
-323.3
-625.1
-1,093.1
-5%
-200
0%
-400
-600
-800
-1,000
-1,200
3
24%
26%
28%
30%
32%
35%
37%
39%
41%
43%
45%
4
14%
16%
18%
20%
22%
20%
27%
29%
31%
33%
35%
5
4%
6%
8%
10%
12%
15%
17%
19%
21%
23%
25%
-2%
0%
2%
4%
6%
15%
11%
13%
15%
17%
19%
2,500
2,000
VAN (MSoles)
-25%
-15%
-5%
0%
5%
15%
25%
35%
45%
1,500
1,000
500
0
-21%
-16%
-11%
-6%
(500)
(1,000)
Tasa de
variacin del
precio
35.6
-21%
-16%
-11%
-6%
-1%
0%
5%
10%
15%
20%
25%
-11%
(559.6)
(483.8)
(389.0)
(270.1)
(120.3)
(92.9)
103.3
351.1
664.0
1,058.7
1,555.6
-9%
(553.1)
(475.1)
(377.4)
(254.5)
(99.5)
(71.1)
132.4
389.8
715.3
1,126.4
1,644.7
-7%
(546.4)
(466.1)
(365.4)
(238.5)
(78.0)
(48.6)
162.4
429.8
768.4
1,196.6
1,737.2
-5%
(539.6)
(457.0)
(353.1)
(222.0)
(55.9)
(25.5)
193.4
471.1
823.3
1,269.4
1,833.1
2,000
VAN (MSoles)
1,500
1,000
500
0
-21%
-16%
-11%
-6%
(500)
(1,000)
(1,500)
(2,000)
Tasa de
variacin del
precio
35.6
-21%
-16%
-11%
-6%
-1%
0%
-45%
(364.9)
(276.2)
(164.0)
(21.7)
159.3
192.5
-35%
(380.8)
(292.1)
(179.9)
(37.7)
143.4
176.6
-25%
(403.4)
(314.7)
(202.5)
(60.2)
120.8
154.0
-15%
(436.6)
(347.9)
(235.8)
(93.5)
87.6
120.8
5%
10%
15%
20%
25%
432.3
737.6
1,126.3
1,620.0
2,245.8
Punto muerto
Tasa de crecimieto 2 ao
Para planchas de 4.6 a 6 mm
416.3
721.7
1,110.3
1,604.1
2,229.8
393.7
699.1
1,087.7
1,581.5
2,207.3
33%
0.75 soles/servicio
360.5
665.9
1,054.5
1,548.3
2,174.0
310.1
615.4
1,004.1
1,497.8
2,123.6
-5%
0%
5%
-1%
0%
5%
0%
5%
15%
25%
35%
45%
0%
5%
15%
25%
35%
45%
VAN (MSoles)
150
100
50
0
-11% -9%
-7%
-5%
-3%
0%
2%
4%
6%
-50
-100
-150
-6%
-1%
0%
5%
10%
15%
20%
25%
8%
10%
4%
(506.9)
(412.9)
(293.7)
(141.8)
52.2
87.9
345.7
675.1
1,095.5
1,630.8
2,310.9
6%
(499.2)
(402.5)
(279.5)
(122.5)
78.3
115.2
382.6
724.7
1,161.8
1,719.3
2,428.1
8%
(491.3)
(391.7)
(264.9)
(102.7)
105.1
143.4
420.7
775.9
1,230.5
1,810.9
2,549.7
10%
(483.2)
(380.7)
(249.9)
(82.3)
132.8
172.5
460.0
828.9
1,301.6
1,905.8
2,675.8
35%
(1,182.5)
(1,093.8)
(981.6)
(839.4)
(658.3)
(625.1)
45%
(1,650.6)
(1,561.8)
(1,449.7)
(1,307.4)
(1,126.4)
(1,093.1)
-1%
0%
5%
10%
15%
20%
25%
15%
(687.9)
(599.2)
(487.1)
(344.8)
(163.7)
(130.5)
25%
(880.7)
(792.0)
(679.9)
(537.6)
(356.6)
(323.3)
275.3
580.7
969.3
1,463.1
2,088.8
231.9
537.2
925.9
1,419.6
2,045.4
109.2
414.6
803.2
1,297.0
1,922.7
(83.6)
221.8
610.4
1,104.1
1,729.9
(385.4)
(80.0)
308.6
802.4
1,428.1
(853.4)
(548.1)
(159.4)
334.3
960.1