Documente Academic
Documente Profesional
Documente Cultură
(EN GUARANIES)
Ao 0
1.
1.1.
1.1.1.
1.1.1.1
1.1.2.
1.2.
1.2.1.
1.2.2.
ACTIVO
ACTIVO CORRIENTE
Disponibilidades
Caja
Banco XX Cta. Cte. N
Banco XX Caja Ahorro N
Bienes de Cambio
Insumos
Materia Prima
Productos en Proceso
Productos Terminados
ACTIVO NO CORRIENTE
Bienes de uso
Inmuebles
Edificios y Obras Civiles
Maquinarias y Equipos
Rodados y Equipos de transportes
Equipos Informticos
Mobiliarios
(-) Reserva de Revaluo
Cargos Diferidos
Gastos de Preinversin/Estudio Proyecto
TOTAL ACTIVO
2.
2.1.
2.1.1.
2.1.1.1
2.1.2.
Ao 1
Ao 2
Ao 3
Ao 4
Ao 5
70%
80%
90%
90%
90%
37,000,000
37,000,000
40,700,000
44,770,000
44,770,000
44,770,000
2,000,000
10,000,000
0
2,000,000
10,000,000
0
2,200,000
11,000,000
0
2,420,000
12,100,000
0
2,420,000
12,100,000
0
2,420,000
12,100,000
0
5,000,000
20,000,000
0
0
366,200,000
5,000,000
20,000,000
0
0
709,951,280
5,500,000
22,000,000
0
0
32,935,000
6,050,000
24,200,000
0
0
32,935,000
6,050,000
24,200,000
0
0
32,935,000
6,050,000
24,200,000
0
0
31,260,000
100,000,000
80,000,000
73,000,000
90,000,000
6,700,000
4,000,000
101,470,000
77,976,000
66,773,100
73,323,000
5,123,490
3,658,800
4,500,000
0
0
8,000,000
0
403,200,000
0
3,666,150
6,517,600
338,508,140
32,935,000
746,951,280
32,935,000
73,635,000
32,935,000
77,705,000
32,935,000
77,705,000
31,260,000
76,030,000
15,000,000
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
2.1.2.1
2.2.
2.2.1
2.2.1.1
2.2.2
2.2.2.1
2.3.
2.3.1.
2.3.2.
2.3.2.
3.
Proveedores
PASIVO NO CORRIENTE
Obligaciones Bancarias L.P.
Deudas Bancarias de Largo Plazo
Obligaciones Comerciales L.P.
Cuentas a pagar a largo plazo
TOTAL PASIVO
5,000,000
173,700,000
163,000,000
163,000,000
163,000,000
163,000,000
163,000,000
163,000,000
20,700,000
42,575,000
42,575,000
42,575,000
42,575,000
10,700,000
188,700,000
173,000,000
173,000,000
173,000,000
173,000,000
173,000,000
PATRIMONIO NETO
CAPITAL
Capital (Social)
RESERVAS
Reserva Legal (9%)
RESULTADOS
Utilidades Retenidas / Acumuladas
Resultado del Ejercicio
TOTAL PASIVO + P.N.
214,500,000
568,795,824
-101,672,869
47,259,127
131,130,577
150,038,077
214,500,000
573,951,280
-99,365,000
-95,295,000
-95,295,000
-96,970,000
28,697,564
-4,968,250
-4,764,750
-4,764,750
-4,848,500
0
0
403,200,000
0
-33,853,020
741,795,824
-33,853,020
36,513,401
71,327,131
36,513,401
110,805,476
220,259,127
110,805,476
120,384,851
304,130,577
120,384,851
131,471,726
323,038,077
6.99%
1.76%
-9.84%
21.16%
7.63%
6.66%
INDICE DE ENDEUDAMIENTO
Pasivo Corriente
Patrimonio Neto
CONCEPTOS
FUENTES DE FINANCIAMIENTO
Aporte Externo
Aporte Propio
TOTAL
Crdito Bancario
1.
1.1.
1.1.1
1.1.2
1.1.3
1.2.
1.2.1
1.2.2
1.2.3
1.2.4
1.2.5
1.4.
2.
2.1
2.1.1
2.1.2
2.1.3
2.1.4
2.1.5
2.1.6
2.2
2.2.1
ACTIVO CORRIENTE
Disponibilidades
Caja
Banco XX Cta. Cte. N
Banco XX Caja de Ahorro N
Inventarios / Bienes de Cambio
Insumos
Materias Primas
Preoductos en Proceso
Productos Terminados
Combustibles
Total Capital Operativo inicial
ACTIVO NO CORRIENTE
Bienes de Uso
Inmuebles
Edificios y Obras Civiles
Maquinarias y Equipos
Rodados y Equipos de transportes
Equipos Informticos
Mobiliarios
Cargos Diferidos
Gastos de Instalacin y puesta en marcha
Gastos de Constitucin y Organizacin
2.2.2 Gastos de Preinversin/Estudio Proyecto
2.2.3 Imprevistos (10% obras civiles)
2.3
Total Inversin en Activos Fijos
3.
TOTAL DE LA INVERSIN
Inversin por fuentes (en %)
4.
Crd. Comercial
2,000,000
0
0
0
10,000,000
0
0
0
0
2,000,000
10,000,000
0
0
20,000,000
0
0
0
22,000,000
0
0
0
0
0
10,000,000
5,000,000
0
0
0
0
5,000,000
5,000,000
20,000,000
0
0
0
37,000,000
100,000,000
80,000,000
0
0
0
0
0
0
73,000,000
90,000,000
0
0
0
0
0
0
6,700,000
4,000,000
100,000,000
80,000,000
73,000,000
90,000,000
6,700,000
4,000,000
0
0
4,500,000
8,000,000
192,500,000
214,500,000
53.20%
0
0
0
0
163,000,000
173,000,000
42.91%
0
0
0
0
10,700,000
15,700,000
3.89%
0
0
4,500,000
8,000,000
366,200,000
403,200,000
100.00%
CONCEPTOS
TOTAL
100,000,000
100,000,000
27.36%
20,000,000
20,000,000
20,000,000
20,000,000
80,000,000
21.89%
25,000,000
25,000,000
23,000,000
73,000,000
19.97%
90,000,000
90,000,000
24.62%
6,700,000
6,700,000
1.83%
2.1.6 Mobiliarios
4,000,000
4,000,000
1.09%
1,000,000
1,500,000
2,000,000
4,500,000
1.23%
0.00%
2.2
2.2.1 Gtos. Instalacin y puesta marcha
Cargos Diferidos
2,500,000
2,500,000
2,300,000
7,300,000
2.00%
1,000,000
1,500,000
122,000,000
47,500,000
47,500,000
45,300,000
90,000,000
10,700,000
365,500,000
100.00%
N
2.1
CONCEPTOS
Ao 1
Ao 2
Vida
Valor
Depreciacin
Coeficiente
Valor
Cuota de
Valor al
Valor
Cuota de
Valor al
til
Inicial
Anual
de Revalo*
Revaluado
Depreciacin
Cierre
Revaluado
Depreciacin
Cierre
Bienes de Uso
2.1.1 Terrenos
100,000,000
0.00%
1.0147
101,470,000
101,470,000
102,961,609
25
80,000,000
4.00%
1.0147
81,176,000
3,200,000
77,976,000
79,122,247
3,200,000
75,922,247
10
73,000,000
10.00%
1.0147
74,073,100
7,300,000
66,773,100
67,754,665
7,300,000
60,454,665
90,000,000
20.00%
1.0147
91,323,000
18,000,000
73,323,000
74,400,848
18,000,000
56,400,848
6,700,000
25.00%
1.0147
6,798,490
1,675,000
5,123,490
5,198,805
1,675,000
3,523,805
2.1.6 Mobiliarios
10
4,000,000
10.00%
1.0147
4,058,800
400,000
3,658,800
3,712,584
400,000
3,312,584
2.2
Cargos Diferidos
20.00%
1.0147
4,500,000
20.00%
1.0147
4,566,150
8,000,000
20.00%
1.0147
8,117,600
2.1
CONCEPTOS
366,200,000
Ao 3
102,961,609
900,000
3,666,150
3,720,042
1,600,000
6,517,600
6,613,409
33,075,000
338,508,140
Ao 4
900,000
2,820,042
1,460,000
5,153,409
32,935,000
310,549,210
Ao 5
Valor
Cuota de
Valor al
Valor
Cuota de
Valor al
Valor
Cuota de
Valor al
Revaluado
Depreciacin
Cierre
Revaluado
Depreciacin
Cierre
Revaluado
Depreciacin
Cierre
Bienes de Uso
2.1.1 Terrenos
104,475,145
106,010,929
106,010,929
107,569,290
77,038,304
3,200,000
73,838,304
74,923,727
3,200,000
71,723,727
72,778,066
3,200,000
69,578,066
61,343,348
7,300,000
54,043,348
54,837,785
7,300,000
47,537,785
48,236,591
7,300,000
40,936,591
57,229,941
18,000,000
39,229,941
39,806,621
18,000,000
21,806,621
22,127,178
18,000,000
4,127,178
3,575,605
1,675,000
1,900,605
1,928,544
1,675,000
253,544
257,271
2.1.6 Mobiliarios
3,361,279
400,000
2,961,279
3,004,810
400,000
2,604,810
2,643,101
2.2
Cargos Diferidos
104,475,145
2,861,497
5,229,164
900,000
1,961,497
1,990,331
1,460,000
3,769,164
3,824,571
32,935,000
282,179,283
400,000
107,569,290
257,271
2,243,101
900,000
1,090,331
1,106,359
1,460,000
2,364,571
2,399,330
32,935,000
253,392,319
900,000
206,359
1,460,000
939,330
31,260,000
225,857,186
Coeficiente de Revalo:
Para bienes con existencia a diciembre 2010, segn Resolucin de la SET-MH, R.A. N 46/10 del 30 de diciembre del 2010.Para establecer los Coeficientes que corresponden a c/perodo fiscal, la Administracin Tributaria extrae informaciones s/el IPC de informes del BCP.
Fuente:
Banco Central del Paraguay, Gerencia de Estudios Econmicos, Departamento de Cuentas Nacionales y Mercado Interno.http://www.bcp.gov.py/index.php?option=com_content&task=view&id=134&Itemid=364
CONCEPTOS
Ao 1
Ao 2
Ao 3
Ao 4
Ao 5
1.
1.1.
1.1.1.
1.1.2.
1.2.
1.3.
1.4.
1.4.1.
1.4.2.
1.4.3.
1.4.4.
1.5.
Activo Circulante
Disponibilidades:
Caja
Banco XX - Cta. Cte. N
Crdito por Ventas
Otros Deudores
Inventarios:
Insumos
Materias Primas
Productos en Proceso
Productos Terminados
Necesidades totales
12,000,000
2,000,000
10,000,000
25,000,000
5,000,000
20,000,000
37,000,000
13,200,000
2,200,000
11,000,000
27,500,000
5,500,000
22,000,000
40,700,000
14,520,000
2,420,000
12,100,000
30,250,000
6,050,000
24,200,000
44,770,000
14,520,000
2,420,000
12,100,000
30,250,000
6,050,000
24,200,000
44,770,000
14,520,000
2,420,000
12,100,000
30,250,000
6,050,000
24,200,000
44,770,000
2.
2.1.
2.1.1.
2.1.2.
2.1.3.
2.2.
2.3.
Pasivo Circulante
Recursos Externos:
Acreedores Bancarios
Acreedores Comerciales
Otros Acreedores
Capital de Trabajo Neto
Recursos totales
15,000,000
10,000,000
5,000,000
22,000,000
37,000,000
5,500,000
5,500,000
35,200,000
40,700,000
6,050,000
6,050,000
38,720,000
44,770,000
6,050,000
6,050,000
38,720,000
44,770,000
6,050,000
6,050,000
38,720,000
44,770,000
3.
3.1.
3.2.
3.3.
3.4.
3.5.
COEFICIENTES P/CALCULO DE
REQUERIMIENTOS DEL CAPITAL OPER
70%
80%
90%
90%
90%
0%
37,000,000
37,000,000
10%
37,000,000
3,700,000
40,700,000
10%
40,700,000
4,070,000
44,770,000
0%
44,770,000
44,770,000
0%
44,770,000
44,770,000
COEFICIENTES P/CALCULO DE
REQUERIMIENTOS DEL CAPITAL OPERATIVO
(% anual)
18%
36%
0%
Ao 2
Ao 3
Ao 4
Ao 5
Total
0
454,466
10,000,000
10,454,466
MONTO
PLAZO
INTERES
PAGOS
AMORTIZACIN
PERIODO GRACIA:
SISTEMA
Ao 2
170,300,000
42,575,000
42,575,000
85,150,000
Ao 3
127,725,000
31,931,250
42,575,000
74,506,250
Ao 4
85,150,000
21,287,500
42,575,000
63,862,500
Ao 5
42,575,000
10,643,750
42,575,000
53,218,750
Total
0
149,012,500
170,300,000
319,312,500
Ao 2
Ao 3
0
0
0
0
Ao 4
0
0
0
0
Ao 5
0
0
0
0
0
0
0
0
Total
0
1,926,000
10,700,000
12,626,000
MONTO
PLAZO
INTERES
PAGOS
AMORTIZACIN
PERIODO GRACIA:
SISTEMA
4. RESUMEN
INTERESES BANCARIOS C.P.
INTERESES BANCARIOS L.P.
INTERESES COMERCIALES C.P.
INTERESES COMERCIALES L.P.
INTERESES TOTALES
TOTAL AMORTIZACIONES
CUOTAS
Ao 1
454,466
42,575,000
1,926,000
0
44,955,466
20,700,000
65,655,466
Ao 2
Ao 3
Ao 4
Ao 5
0
42,575,000
0
0
42,575,000
42,575,000
85,150,000
0
31,931,250
0
0
31,931,250
42,575,000
74,506,250
0
21,287,500
0
0
21,287,500
42,575,000
63,862,500
0
10,643,750
0
0
10,643,750
42,575,000
53,218,750
Total
454,466
149,012,500
1,926,000
0
151,392,966
191,000,000
342,392,966
CALCULO AUXILIAR
1. CREDITOS BANCARIOS C.P.
SALDOS
INTERESES
AMORTIZACIN
CUOTAS
Mes 2
8,059,107
120,887
1,970,007
2,090,893
Mes 3
6,089,100
91,337
1,999,557
2,090,893
Mes 4
4,089,543
61,343
2,029,550
2,090,893
Mes 5
2,059,993
30,900
2,059,993
2,090,893
Total
454,466
10,000,000
10,454,466
PLAZO
INTERES
PAGOS
AMORTIZACIN
PERIODO GRACIA:
SISTEMA
Mes 1
10,700,000
321,000
0
321,000
Mes 2
10,700,000
321,000
0
321,000
Mes 3
10,700,000
321,000
0
321,000
Mes 4
10,700,000
321,000
0
321,000
Mes 5
10,700,000
321,000
0
321,000
Mes 6
10,700,000
321,000
10,700,000
11,021,000
Total
1,926,000
10,700,000
12,626,000
PLAZO
INTERES
PAGOS
AMORTIZACIN
PERIODO GRACIA:
SISTEMA
SALDOS
SALDOS
10,000,000
8,059,107
6,089,100
4,089,543
2,059,993
10,700,000
10,700,000
10,700,000
10,700,000
10,700,000
10,700,000
INTERESES
150,000
120,887
91,337
61,343
30,900
454,466
INTERESES
321,000
321,000
321,000
321,000
321,000
321,000
1,926,000
AMORTIZACIN
1,940,893
1,970,007
1,999,557
2,029,550
2,059,993
10,000,000
AMORTIZACIN
0
0
0
0
0
10,700,000
10,700,000
CUOTAS
2,090,893
2,090,893
2,090,893
2,090,893
2,090,893
10,454,466
CUOTAS
321,000
321,000
321,000
321,000
321,000
11,021,000
12,626,000
18.00%
36.00%
Apellidos y Nombres
reas / Cargos
rea de Produccin
Gerencia Produccin
Personal Produccin
Personal Produccin
Personal Produccin
rea de Administracin
Gerencia General
Gerencia Administrativa
Secretara Administrativa
Caja / Tesorera
Personal de Limpieza
Personal de Mantenimiento
Personal de Seguridad
Personal de Seguridad
rea de Ventas
Gerencia Comercial
Personal de Ventas
Distribucin Chofer
Distribucin Asistente
Servicios Tercerizados
Contabilidad
Marketing
TOTAL
Salario Mnimo legal mensual
Cantidad
Asignacin
Mensual
IPS
(9,00%)
IPS
(16,50%)
Bonificacin
Familiar
(5% S.M.)
1
1
1
1
4
2,800,000
1,658,232
1,658,232
994,939
7,111,403
252,000
149,241
149,241
89,545
640,026
462,000
273,608
273,608
164,165
1,173,381
0
0
0
0
-
1
1
1
1
1
1
1
1
8
4,000,000
3,000,000
1,658,232
1,800,000
663,293
1,658,232
1,658,232
1,658,232
16,096,221
360,000
270,000
149,241
162,000
59,696
149,241
149,241
149,241
1,448,660
660,000
495,000
273,608
297,000
109,443
273,608
273,608
273,608
2,655,876
0
82,912
82,912
0
0
0
82,912
0
248,735
1
1
1
1
4
3,000,000
1,658,232
1,658,232
1,658,232
7,974,696
270,000
149,241
149,241
149,241
717,723
495,000
273,608
273,608
273,608
1,315,825
82,912
0
82,912
0
165,823
1
1
2
300,000
250,000
550,000
31,732,320
2,806,409
5,145,083
414,558
1,658,232
273,608
Bonificacin Familiar
5.00%
IPS
IPS
IPS
%
16.50%
9.00%
25.50%
Total Mensu
3,262,000
1,931,840
1,931,840
1,159,104
8,284,784
4,660,000
3,577,912
2,014,752
2,097,000
772,736
1,931,840
2,014,752
1,931,840
19,000,832
3,577,912
1,931,840
2,014,752
1,931,840
9,456,344
Salario
Liquido a
Pagar
2,548,000
1,508,991
1,508,991
905,394
6,471,377
3,640,000
2,812,912
1,591,903
1,638,000
603,596
1,508,991
1,591,903
1,508,991
14,896,296
2,812,912
1,508,991
1,591,903
1,508,991
7,422,797
Aguinaldos
Total anual
incl.Aguinaldos
2,800,000
1,658,232
829,116
497,470
5,784,818
41,944,000
24,840,315
24,011,199
7,452,093
98,247,608
4,000,000
3,000,000
829,116
1,800,000
663,293
1,658,232
1,658,232
1,658,232
15,267,105
59,920,000
45,934,939
12,917,630
26,964,000
9,936,126
24,840,315
25,835,255
24,840,315
231,188,580
3,000,000
1,658,232
1,658,232
1,658,232
7,974,696
45,934,939
24,840,315
25,835,255
24,840,315
121,450,824
300,000
250,000
550,000
3,600,000
3,000,000
6,600,000
37,291,961
29,026,618
1,931,840
1,658,232
457,487,013
24,840,315
5,348,000
3,167,223
2,338,107
1,402,864
12,256,194
7,640,000
5,812,912
2,421,019
3,438,000
1,266,889
3,167,223
3,250,135
3,167,223
30,163,401
5,812,912
3,167,223
3,250,135
3,167,223
15,397,493
-
Total Mensual
5,145,083
2,806,409
7,951,492
Total Anual
61,740,993
33,676,905
95,417,899
Conceptos
Mes 1
Mes 2
Mes 3
Mes 4
Mes 5
Mes 6
Mes 7
Mes 8
Mes 9
Mes 10
Sueldos y Jornales
Cargas Sociales
Bonificacin Familiar
Aguinaldo
Honorarios Profesionales
31,182,320
2,806,409
414,558
0
550,000
31,182,320
2,806,409
414,558
0
550,000
31,182,320
2,806,409
414,558
0
550,000
31,182,320
2,806,409
414,558
0
550,000
31,182,320
2,806,409
414,558
0
550,000
31,182,320
2,806,409
414,558
0
550,000
31,182,320
2,806,409
414,558
0
550,000
31,182,320
2,806,409
414,558
0
550,000
31,182,320
2,806,409
414,558
0
550,000
31,182,320
2,806,409
414,558
0
550,000
TOTALES
34,953,287
34,953,287
34,953,287
34,953,287
34,953,287
34,953,287
34,953,287
34,953,287
34,953,287
34,953,287
Mes 12
TOTAL
31,182,320
2,806,409
414,558
0
550,000
31,182,320 374,187,838
2,806,409 33,676,905
414,558
4,974,701
29,026,618 29,026,618
550,000
6,600,000
34,953,287
63,979,905 448,466,062
Ao 1
Ao 2
Ao 3
Ao 4
Ao 5
Sueldos y Jornales
Cargas Sociales
Bonificacin Familiar
Aguinaldo
Honorarios Profesionales
374,187,838
33,676,905
4,974,701
29,026,618
6,600,000
374,187,838
33,676,905
4,974,701
29,026,618
6,600,000
374,187,838
33,676,905
4,974,701
29,026,618
6,600,000
374,187,838
33,676,905
4,974,701
29,026,618
6,600,000
374,187,838
33,676,905
4,974,701
29,026,618
6,600,000
TOTALES
448,466,062
448,466,062
448,466,062
448,466,062
448,466,062
Totales c/Inflacin
480,755,619
480,755,619
480,755,619
480,755,619
480,755,619
1
2
3
4
5
Conceptos
Observacin:
Inflacin anual acumulada a diciembre 2010 = 7,2% Fuente Diario ABC Suplemento dominical 01-08-2011
I
Se prev la inclusin de un personal de produccin por ao, a fin de acompaar el incremento de la actividad proyectada.
b) Se prev la inclusin de un personal de ventas para el ao 3 del proyecto, a fin de sostener el aumento de las ventas proyectadas.
PRESUPUESTO DE VENTAS
(EN GUARANIES)
PRODUCTO
Cap. Max.
100%
1.
1.1
1.2
1.3
PRODUCTO 1
Cantidad Produccin
Precio Promedio
Valor
484,800
2,000
2.
2.1
2.2
2.3
PRODUCTO 2
Cantidad Produccin
Precio Promedio
Valor
90,900
2,500
3.
4.
VALOR TOTAL
INDICE PRODUCCIN
Referencia:
PRODUCTO 1
PRODUCTO 2
Productos:
Leche envasada
Crema de Leche
Merma o Perdida
Ao 1
70%
Ao 2
80%
Ao 3
90%
Ao 4
90%
Ao 5
90%
TOTAL
28,280
339,360
2,000
678,720,000
387,840
2,000
775,680,000
436,320
2,000
872,640,000
436,320
2,000
872,640,000
436,320
2,000
872,640,000
63,630
2,500
159,075,000
72,720
2,500
181,800,000
81,810
2,500
204,525,000
81,810
2,500
204,525,000
81,810
2,500
204,525,000
954,450,000
837,795,000
957,480,000
1,077,165,000
1,077,165,000
1,077,165,000
5,026,770,000
Cap. Mx.
484,800
90,900
30,300
606,000
2,036,160
4,072,320,000
381,780
Unidad Medida
Litros
2.000 Litros de Leche procesado/da * 0,80 (Coef. Rend.) * 303 das de operacin por ao.
Litros
2.000 Litros de Leche procesado/da * 0,15 (Coef. Rend.) * 303 das de operacin por ao.
Litros
2.000 Litros de Leche procesado/da * 0,05 (Coef. Rend.) * 303 das de operacin por ao.
Litros
Clculo de Das de Operacin por ao: 365 Das - 52 Domingos - 10 Feriados = 303 Das Laborales.-
Artculos
Materias Primas
Insumos N 1
Cantidad
Unidad de
medida
Costo
unitario
35,350 litro/s
35,350 Unidad/es
700
10
TOTALES
Observacin:
a) Estos artculos pueden ser
Materias primas,
procuctos en proceso,
o productos terminados
para su comercializacin.-
Mes 1
Mes 2
Mes 3
Mes 4
Mes 5
24,745,000
353,500
0
0
0
24,745,000
353,500
0
0
0
24,745,000
353,500
0
0
0
24,745,000
353,500
0
0
0
24,745,000
353,500
0
0
0
25,098,500
25,098,500
25,098,500
25,098,500
25,098,500
Mes 6
Mes 7
Mes 8
Mes 9
Mes 10
Mes 11
Mes 12
TOTAL
24,745,000
353,500
0
0
0
24,745,000
353,500
0
0
0
24,745,000
353,500
0
0
0
24,745,000
353,500
0
0
0
24,745,000
353,500
0
0
0
24,745,000
353,500
0
0
0
24,745,000
353,500
0
0
0
296,940,000
4,242,000
0
0
0
25,098,500
25,098,500
25,098,500
25,098,500
25,098,500
25,098,500
25,098,500
301,182,000
Artculos
1 Materias Primas
2 Insumos N 1
3
4
5
6
7
8
9
10
TOTALES
Unidad de
Cantidad
medida
606,000 litro/s
606,000 Unidad/es
Costo unitario
700
10
Ao 1
Ao 2
Ao 3
Ao 4
Ao 5
70%
80%
90%
90%
90%
296,940,000
4,242,000
0
0
0
0
0
0
0
0
339,360,000
4,848,000
0
0
0
0
0
0
0
0
381,780,000
5,454,000
0
0
0
0
0
0
0
0
381,780,000
5,454,000
0
0
0
0
0
0
0
0
381,780,000
5,454,000
0
0
0
0
0
0
0
0
301,182,000
344,208,000
387,234,000
387,234,000
387,234,000
1.
1.1
1.2
1.3
1.4
1.5
1.6
1.7
1.8
1.9
1.10
1.11
Unidad
Medida
Materias Primas
606,000 litro/s
Insumos / Sumnistros
Electricidad
Agua
Mano de Obra directa
Aguinaldos
Cargas Sociales
Bonificacin familiar
Bonificacin por unidad de produccin
Mantenimientos y Reparaciones
(EN GUARANIES)
Tipos de Costos
Totales
100%
Costos Fijos
C. Variables
Ctos.
Unit.
3.
3.1
3.2
3.3
3.4
3.5
3.6
3.7
GASTOS DE ADMINISTRACIN
4.
4.1
4.2
4.3
4.4
4.5
4.6
4.7
4.8
GASTOS DE VENTAS
Telfono
424,200,000
424,200,000
296,940,000
606,000 Unidad/es
10
6,060,000
6,060,000
4,242,000
4,848,000
180,000 Kw/h
80
14,400,000
14,400,000
10,080,000
11,520,000
339,360,000
5,000
2,400,000
2,400,000
1,680,000
1,920,000
12 mes/es
7,111,403
85,336,836
85,336,836
85,336,836
85,336,836
1 mes/es
5,784,818
5,784,818
5,784,818
5,784,818
5,784,818
12 mes/es
1,137,824
13,653,894
13,653,894
13,653,894
13,653,894
20
12,120,000
12,120,000
8,484,000
9,696,000
480 m3
12 mes/es
606,000 Unidad/es
12 mes/es
8,500 pulsos/min
Seguros
1 Prima anual
Tasas y tributos
2 Semestres
180,000
2,160,000
2,160,000
2,160,000
2,160,000
106,935,547
459,180,000
566,115,547
428,361,547
474,279,547
700
5,950,000
5,950,000
4,165,000
4,760,000
2,900,000
2,900,000
2,900,000
2,900,000
2,900,000
650,000
1,300,000
1,300,000
1,300,000
1,300,000
4,200,000
5,950,000
10,150,000
8,365,000
8,960,000
Ao 2
80%
700
2.
2.1
2.2
2.3
2.4
Ao 1
70%
12 mes/es
16,096,221
193,154,650
193,154,650
193,154,650
193,154,650
1 mes/es
15,267,105
15,267,105
15,267,105
15,267,105
15,267,105
12 mes/es
1,448,660
17,383,918
17,383,918
17,383,918
17,383,918
1 mes/es
248,735
248,735
248,735
248,735
248,735
12 mes/es
60,000
720,000
720,000
720,000
720,000
12 mes/es
80,000
960,000
960,000
960,000
960,000
227,734,408
227,734,408
227,734,408
227,734,408
Aguinaldos
Cargas Sociales
Bonificacin familiar
12 mes/es
7,974,696
95,696,352
95,696,352
95,696,352
95,696,352
1 mes/es
7,974,696
7,974,696
7,974,696
7,974,696
7,974,696
Cargas Sociales
12 mes/es
717,723
8,612,672
8,612,672
8,612,672
8,612,672
Bonificacin familiar
12 mes/es
165,823
1,989,878
1,989,879
1,989,879
1,989,879
15
9,090,000
9,090,000
6,363,000
7,272,000
Publicidad y Propaganda
12 mes/es
500,000
6,000,000
6,000,000
6,000,000
6,000,000
Gastos de Comercializacin
12 mes/es
300,000
3,600,000
3,600,000
2,520,000
2,880,000
120,273,598
12,690,001
132,963,599
129,156,599
130,425,599
Aguinaldos
606,000 Unidad/es
5.
5.1
DEPRECIACIONES Y AMORTIZACIONES
6.
6.5
GASTOS FINANCIEROS
7.
7.1
7.2
7.3
7.4
33,075,000
33,075,000
33,075,000
32,935,000
44,955,466
44,955,466
44,955,466
42,575,000
IMPUESTO A LA RENTA
Ingresos proyectados
1,196,850,000
837,795,000
957,480,000
477,820,001
871,648,020
916,909,554
Base Imponible
719,029,999
-33,853,020
40,570,446
71,903,000
4,057,045
871,648,020
920,966,599
8.
9.
537,174,020
549,723,001
1,086,897,020
CAPACIDAD
INSTALADA
Ventas
Costos Fijos
Costos Variables
Costos Totales
1,196,850,000
537,174,020
549,723,001
1,086,897,020
INGRESOS
EGRESOS
SALDOS
9.1
PE =
9.2
PE =
Ao 1
Ao 2
837,795,000
518,305,340
334,474,000
957,480,000
516,693,874
386,313,045
852,779,340
903,006,919
837,795,000
793,617,554
44,177,446
957,480,000
841,399,554
116,080,446
1 -
474,024,124
1
442,349,720
1,077,165,000
474,024,124
0.5893
506,959,124
0.5893
CV
V
506,959,124
1
442,349,720
1,077,165,000
Se ha optado por realizar el calculo del punto de equilibrio dinmico en valores monetarios debido a la complejidad que
significara la clasificacin de los productos por valores y cantidades de ventas y su consecuente clasificacin de costos.
U. Med.
Proceso
Leche envasada
Crema de Leche
Merma
CAPACIDAD
INSTALADA
PRODUCCIN
Litros
Litros
Litros
Ao 1
Ao 2
en Litros / Ao
575,700
402,990
460,560
Punto de Equilibrio P.
en Guaranes
1,726
2,141
1,881
Punto de Equilibrio G.
en Guaranes
993,493,899
862,736,946
866,163,643
Ao 4
90%
Ao 5
90%
381,780,000
381,780,000
5,454,000
5,454,000
381,780,000
5,454,000
12,960,000
12,960,000
12,960,000
2,160,000
2,160,000
2,160,000
85,336,836
85,336,836
85,336,836
5,784,818
5,784,818
5,784,818
13,653,894
13,653,894
13,653,894
10,908,000
10,908,000
10,908,000
2,160,000
2,160,000
2,160,000
520,197,547
520,197,547
520,197,547
5,355,000
5,355,000
5,355,000
2,900,000
2,900,000
2,900,000
1,300,000
1,300,000
1,300,000
9,555,000
9,555,000
9,555,000
193,154,650
193,154,650
193,154,650
15,267,105
15,267,105
15,267,105
17,383,918
17,383,918
17,383,918
248,735
248,735
248,735
720,000
720,000
720,000
960,000
960,000
960,000
227,734,408
227,734,408
227,734,408
95,696,352
95,696,352
95,696,352
7,974,696
7,974,696
7,974,696
8,612,672
8,612,672
8,612,672
1,989,879
1,989,879
1,989,879
8,181,000
8,181,000
8,181,000
6,000,000
6,000,000
6,000,000
3,240,000
3,240,000
3,240,000
131,694,599
131,694,599
131,694,599
32,935,000
32,935,000
31,260,000
31,931,250
21,287,500
10,643,750
1,077,165,000
1,077,165,000
1,077,165,000
954,047,804
943,404,054
931,085,304
123,117,196
133,760,946
146,079,696
12,311,720
13,376,095
14,607,970
966,359,524
956,780,149
945,693,274
Ao 3
Ao 4
Ao 5
1,077,165,000
506,959,124
442,349,720
1,077,165,000
496,315,374
443,414,095
1,077,165,000
483,996,624
444,645,970
949,308,844
939,729,469
928,642,594
1,077,165,000
889,181,554
187,983,446
1,077,165,000
889,181,554
187,983,446
1,077,165,000
889,181,554
187,983,446
804,331,924
Guaranes
860,216,573
Guaranes
74.67%
Sobre las Ventas
79.86%
Sobre las Ventas
151,392,966
Precio en G.
2,000
2,500
Ao 3
Cantidad
484,800
90,900
30,300
Ao 4
Proporcin
84%
16%
Ao 5
518,130
518,130
518,130
1,660
1,628
1,591
860,216,573
843,570,471
824,234,843
INGRESOS PROYECTADOS
(EN GUARANIES)
PRODUCTO
Cap. Max.
100%
Ao 1
70%
Ao 2
80%
Ao 3
90%
Ao 4
90%
Ao 5
90%
TOTAL
1.
1.1
1.2
1.3
PRODUCTO 1
Cantidad Produccin
Precio Promedio
Valor
484,800
2,000
969,600,000
339,360
2,000
678,720,000
387,840
2,000
775,680,000
436,320
2,000
872,640,000
436,320
2,000
872,640,000
436,320
2,000
872,640,000
2.
2.1
2.2
2.3
PRODUCTO 2
Cantidad Produccin
Precio Promedio
Valor
90,900
2,500
227,250,000
63,630
2,500
159,075,000
72,720
2,500
181,800,000
81,810
2,500
204,525,000
81,810
2,500
204,525,000
81,810
2,500
204,525,000
954,450,000
3.
4.
VALOR TOTAL
INDICE PRODUCCIN
1,196,850,000
837,795,000
957,480,000
1,077,165,000
1,077,165,000
1,077,165,000
5,026,770,000
Referencia:
PRODUCTO 1
PRODUCTO 2
Productos:
Leche envasada
Crema de Leche
Merma o Perdida
Cap. Mx.
484,800
90,900
30,300
606,000
2,036,160
4,072,320,000
381,780
Unidad Medida
Litros
2.000 Litros de Leche procesado/da * 0,80 (Coef. Rend.) * 303 das de operacin por ao.
Litros
2.000 Litros de Leche procesado/da * 0,15 (Coef. Rend.) * 303 das de operacin por ao.
Litros
2.000 Litros de Leche procesado/da * 0,05 (Coef. Rend.) * 303 das de operacin por ao.
Litros
Clculo de Das de Operacin por ao: 365 Das - 52 Domingos - 10 Feriados = 303 Das Laborales.-
2.
IVA CREDITO FISCAL
Materias Primas
2.1
Mercaderas
2.2
Insumos / Sumnistros
2.3
Alquiler de local
2.4
Electricidad
2.5
Agua
2.6
Mantenimientos y Reparaciones
2.7
Telfono
2.8
Seguros
2.9
2.10 Papeles y tiles de oficina
2.11 Otros Gastos de Administracin
2.12 Publicidad y Propaganda
2.13 Gastos de Comercializacin
TOTAL IVA CRDITO FISCAL
3.
3.1
3.2
IVA Incluido
105,000,000
IVA Incluido
296,940,000
10,000,000
4,242,000
24,000,000
10,080,000
1,680,000
2,160,000
4,165,000
2,900,000
720,000
960,000
6,000,000
2,520,000
Ao 1
IVA 10%
9,545,455
9,545,455
IVA 10%
26,994,545
454,545
385,636
IVA 5%
Ao 2
IVA Incluido IVA 10%
120,000,000
10,909,091
10,909,091
IVA 5%
IVA Incluido
IVA 10%
238,095
1,142,857
916,364
152,727
196,364
378,636
263,636
65,455
87,273
545,455
229,091
30,669,727
IVA 10%
21,124,273
1,380,952
IVA 5%
1,380,952
22,505,225
IVA 10%
-10,909,091
11,596,134
Ao 2
IVA 5%
Ao 3
IVA Incluido IVA 10%
IVA 5%
135,000,000
12,272,727
12,272,727
IVA 5%
IVA Incluido
IVA 5%
11,596,134
IVA 10%
IVA 5%
IVA 10%
IVA 5%
-12,272,727
-676,593
CONCEPTOS
Ao 1
Ao 2
837,795,000
957,480,000
1,077,165,000
1,077,165,000
1,077,165,000
428,361,547
474,279,547
520,197,547
520,197,547
520,197,547
365,256,007
367,120,007
368,984,007
368,984,007
368,984,007
44,177,446
116,080,446
187,983,446
187,983,446
187,983,446
33,075,000
32,935,000
32,935,000
32,935,000
31,260,000
11,102,446
83,145,446
155,048,446
155,048,446
156,723,446
44,955,466
42,575,000
31,931,250
21,287,500
10,643,750
-33,853,020
40,570,446
123,117,196
133,760,946
146,079,696
4,057,045
12,311,720
13,376,095
14,607,970
-33,853,020
36,513,401
110,805,476
120,384,851
131,471,726
-4.04%
3.81%
10.29%
11.18%
12.21%
-778,020
69,448,401
143,740,476
153,319,851
162,731,726
Ao 3
Ao 4
Ao 5
Ao 0
Ao 1
40%
Ao 2
45%
Ao 3
50%
Ao 4
55%
Ao 5
60%
1.
1.1.
1.2.
1.3.
1.4.
INGRESOS
Fondos Generados en Operaciones
Valor Residual de la Inversin
Recuperacin Capital de Trabajo
INGRESOS TOTALES
0
0
0
0
300,000,000
0
0
300,000,000
315,000,000
0
0
315,000,000
330,750,000
0
0
330,750,000
347,287,500
0
0
347,287,500
364,651,875
225,000,000
60,775,313
650,427,188
2.
2.1.
2.2.
2.3.
2.4.
2.5.
2.6.
EGRESOS
Inversiones en Activos Fijos
Formacin del Capital Operativo
Amortizacin de la Deuda
Gastos Financieros a Largo Plazo
Impuesto a la Renta
EGRESOS TOTALES
400,000,000
50,000,000
0
0
0
450,000,000
0
0
50,000,000
40,000,000
30,000,000
120,000,000
0
2,500,000
50,000,000
30,000,000
31,500,000
114,000,000
50,000,000
2,625,000
50,000,000
20,000,000
33,075,000
155,700,000
0
2,756,250
50,000,000
10,000,000
34,728,750
97,485,000
0
2,894,063
0
0
36,465,188
39,359,250
3.
-450,000,000
180,000,000
201,000,000
175,050,000
249,802,500
611,067,938
4.
TASA DE DESCUENTO:
i1 =
20.00%
i2 =
43.00%
5.
n
VALOR ACTUALIZADO NETO (VAN):
t=0
6.
n
BNt
(1+i)
B t - Ct
=
t
t=0
( 1 + i )t
VAN1 =
20%
-450,000,000
306,927,942
150,000,000
139,583,333
101,302,083
120,468,027
245,574,499
VAN2 =
43%
-450,000,000
-4,041,693
125,874,126
98,293,315
59,862,383
59,738,269
102,190,214
Formula No.1
TIR =
i1
TIR =
0.20
TIR =
0.4270
Formula No.2
TIR =
42.70%
i1
0.23
7.
TIR =
0.20
TIR =
0.4270
-0.23
42.70%
20.00%
n
Bt =
Bt
t=0
Bt =
Bt =
( 1 + i )t
1,089,028,818
250,000,000
218,750,000
191,406,250
167,480,469
261,392,099
100,000,000
79,166,667
90,104,167
47,012,442
15,817,600
n
Ct =
Ct
t=0
Ct =
Ct =
( 1 + i )t
450,000,000
782,100,875
B /C =
8.
1.392
I0 =
FCt
A1 =
A2 =
Respuesta:
450,000,000
556,050,000
180,000,000
201,000,000
381,000,000
-450,000,000
= 69000000
/ 14.587.500 =
4,73 = 5 meses
Segn el mtodo del PRI simple, la Inversin inicial del proyecto es recuperado en un poco menos de 2 aos y 5 meses.n
I0
=
t=0
Respuesta:
9.
FCt
(1+i)
450,000,000
120,468,027
61,353,443
59,114,583
/ 12 meses =
511,353,443
0.880
10,039,002
5.89 meses
Segn el mtodo del PRI descontado, la Inversin inicial del proyecto es recuperado en aproximadamente de 3 aos y 6 meses.-
P.E.Q. =
Concepto
Ao 0
Ao 1
Ao 2
1.
1.1.
1.2.
1.3.
FUENTES
Fondos generados en operaciones
Pasivo no corriente
Aporte propio
388,200,000
0
173,700,000
214,500,000
179,920,491
44,177,446
0
135,743,045
116,080,446
116,080,446
0
0
2.
2.1.
2.2.
2.3.
2.4.
2.5.
USOS
Inversin en Activos Fijos
Formacin de Capital Operativo
Amortizacin de Crdito a Largo Palzo
Gastos financieros
Impuesto a la Renta
416,200,000
366,200,000
50,000,000
0
0
0
3,591,194
0
0
0
3,592,003
-809
6,272,820
0
2,500,000
0
3,772,283
537
3.
SALDOS ANUALES
-28,000,000
176,329,297
109,807,626
4.
35,265,859
32,942,288
4,000,000
4,000,000
-28,000,000
117,063,438
197,928,776
0.00%
20.00%
30.00%
5.
6.
7.
8.
NDOS
Ao 3
Ao 4
Ao 5
187,983,446
187,983,446
0
0
187,983,446
187,983,446
0
0
187,983,446
187,983,446
0
0
7,121,253
0
2,625,000
905,152
3,589,071
2,030
7,134,412
0
2,756,250
926,899
3,448,812
2,451
7,154,143
0
2,894,063
952,126
3,305,073
2,882
180,862,193
180,849,034
180,829,302
72,344,877
90,424,517
90,414,651
4,000,000
4,000,000
4,000,000
310,446,091
404,870,608
499,285,259
40.00%
50.00%
50.00%
CALCULO DE DEPRECIACIN Y AMORTIZACIN DEL ACTIVO FIJO - Metodo Simple y Lineal sin Revalo
(EN GUARANIES)
N CONCEPTOS
Vida
til
2.1
2.1.1
2.1.2
2.1.3
2.1.4
2.1.5
2.1.6
2.2
2.2.1
2.2.2
2.2.3
Bienes de Uso
Terrenos
Edificios y Obras Civiles
Maquinarias, equipos y repuestos
Rodados / Equipos Transportes
Equipos Informticos
Mobiliarios
Cargos Diferidos
Gtos. Instalacin y puesta marcha
Gtos. Preinversin y Organizacin
Imprevistos (10% Maq, y equipos)
Total Inversin en Activos Fijos
Obs:
Valor
Inicial
Deprec.
Anual
Ao 1
Ao 2
Ao 3
Ao 4
Ao 5
Valor
Residual
0
25
10
5
4
10
100,000,000
80,000,000
73,000,000
90,000,000
6,700,000
4,000,000
1.10%
4.00%
10.00%
20.00%
25.00%
10.00%
3,200,000
7,300,000
18,000,000
1,675,000
400,000
3,200,000
7,300,000
18,000,000
1,675,000
400,000
3,200,000
7,300,000
18,000,000
1,675,000
400,000
3,200,000
7,300,000
18,000,000
1,675,000
400,000
3,200,000
7,300,000
18,000,000
400,000
100,000,000
64,000,000
36,500,000
2,000,000
5
5
5
0
4,500,000
7,300,000
365,500,000
20.00%
20.00%
20.00%
900,000
1,460,000
32,935,000
900,000
1,460,000
32,935,000
900,000
1,460,000
32,935,000
900,000
1,460,000
32,935,000
900,000
1,460,000
31,260,000
202,500,000
1.
1.1.
1.1.1
1.1.2
1.1.3
1.2.
1.2.1
1.2.2
1.2.3
1.2.4
1.2.5
1.4.
ACTIVO CORRIENTE
Disponibilidades
Caja
Banco XX Cta. Cte. N
Banco XX Caja de Ahorro N
Inventarios / Bienes de Cambio
Insumos
Materias Primas
Preoductos en Proceso
Productos Terminados
Combustibles
TOTAL ACTIVO CORRIENTE
2.
2.1
2.1.1
2.1.2
2.1.3
2.1.4
2.1.5
2.1.6
2.2
2.2.1
2.2.2
2.2.3
2.3
ACTIVO NO CORRIENTE
Bienes de Uso
Inmuebles
100,000,000
Edificios y Obras Civiles
80,000,000
Maquinarias y Equipos
73,000,000
Rodados y Equipos de transportes
90,000,000
Equipos Informticos
6,700,000
Mobiliarios
4,000,000
Cargos Diferidos
Gastos de Instalacin y puesta en marcha
0
Gastos de preinversin y organizacin
4,500,000
8,000,000
Imprevistos (10% obras civiles)
TOTAL ACTIVO NO CORRIENTE 366,200,000
TOTAL ACTIVO
3.
PASIVO
3.1
3.1.1
3.1.1.1
3.1.2
3.1.2.1
PASIVO CORRIENTE
Obligaciones Bancarias C.P.
Deudas Bancarias de Corto Plazo
Obligaciones Comerciales C.P.
Cuentas a pagar a Corto Plazo
2,000,000
10,000,000
0
5,000,000
20,000,000
0
0
0
37,000,000
403,200,000
15,000,000
10,000,000
5,000,000
3.2.
3.2.1
3.2.1.1
3.2.2
3.2.2.1
PASIVO NO CORRIENTE
Obligaciones Bancarias L.P.
Deudas Bancarias de Largo Plazo
Obligaciones Comerciales L.P.
Cuentas a pagar a largo plazo
173,700,000
3.3.
TOTAL PASIVO
188,700,000
PATRIMONIO NETO
Capital
214,500,000
214,500,000
TOTAL PASIVO + PN
403,200,000
163,000,000
10,700,000