ESTADO DE PERDIDAS Y GANANCIAS PROYECTADO

2012
MONTO
##########
##########

2013
2015
2016
%
MONTO
%
MONTO
%
MONTO
%
MONTO
%
100.00 ########## 100.00 ########## 100.00 ########## 100.00 ########## 100.00
59.89 ########## 57.09 ########## 56.29 ########## 55.48 ########## 54.50

UTILIDAD BRUTA EN VENTAS

Gastos de ventas
Gastos de administracin

894,009.65
248,031.96
181,821.43

40.11 ########## 42.91 ########## 43.71 ########## 44.52 ########## 45.50

11.13 262,763.57 10.94 264,792.71 10.83 266,747.02 10.74 269,161.55 10.63
8.16 181,821.43 7.57 181,821.43 7.44 181,821.43 7.32 181,821.43 7.18

UTILIDAD (PERDIDA) OPERACIONAL

Gastos financieros
Otros ingresos
Otros egresos

464,156.26
195,801.11
0.00
0.00

20.82
8.78
0.00
0.00

586,385.37 24.40
242,113.72 10.08
0.00 0.00
0.00 0.00

621,600.96 25.43
198,749.95 8.13
0.00 0.00
0.00 0.00

657,249.20 26.46
158,636.75 6.39
0.00 0.00
0.00 0.00

701,362.53 27.69
126,958.71 5.01
0.00 0.00
0.00 0.00

UTILIDAD (PERDIDA) ANTES PARTICIPACION

Participacin utilidades
UTILIDAD (PERDIDA) ANTES IMP.RENTA

268,355.14
40,253.27
228,101.87

12.04
1.81
10.23

344,271.65 14.33
51,640.75 2.15
292,630.90 12.18

422,851.01 17.30
63,427.65 2.60
359,423.36 14.71

498,612.45 20.08
74,791.87 3.01
423,820.58 17.06

574,403.83 22.68
86,160.57 3.40
488,243.25 19.28

Impuesto a la renta 25%

UTILIDAD (PERDIDA) NETA

57,025.47
171,076.40

2.56
7.67

73,157.73
219,473.18

89,855.84 3.68
269,567.52 11.03

105,955.15 4.27
317,865.44 12.80

122,060.81 4.82
366,182.44 14.46

Ventas Netas
Costo de Ventas

3.04
9.13

OYECTADO
2017
2018
2019
2020
2021
MONTO
%
MONTO
%
MONTO
%
MONTO
%
MONTO
%
########## 100.00 ########## 100.00 2,415,619.52 100.00 2,294,838.35 100.00 ########## 100.00
########## 54.52 ########## 54.52 1,376,602.45 56.99 1,370,641.67 59.73 ########## 62.60
########## 45.48 ########## 45.48 1,039,017.07 43.01
269,161.55 10.63 263,997.16 10.42 258,055.26 10.68
181,821.43 7.18 181,821.43 7.18 181,821.43 7.53

924,196.68 40.27
252,360.34 11.00
181,821.43 7.92

815,251.19 37.40
246,950.17 11.33
181,821.43 8.34

700,684.33 27.67
95,575.10 3.77
0.00 0.00
0.00 0.00

705,848.72 27.87
62,344.74 2.46
0.00 0.00
0.00 0.00

599,140.38 24.80
40,406.86 1.67
0.00 0.00
0.00 0.00

490,014.90 21.35
40,296.46 1.76
0.00 0.00
0.00 0.00

386,479.59 17.73
40,296.46 1.85
0.00 0.00
0.00 0.00

605,109.23 23.89
90,766.38 3.58
514,342.85 20.31

643,503.98 25.41
96,525.60 3.81
546,978.39 21.60

558,733.52 23.13
83,810.03 3.47
474,923.49 19.66

449,718.45 19.60
67,457.77 2.94
382,260.68 16.66

346,183.13 15.88
51,927.47 2.38
294,255.66 13.50

128,585.71 5.08
385,757.13 15.23

136,744.60 5.40
410,233.79 16.20

118,730.87 4.92
356,192.62 14.75

95,565.17 4.16
286,695.51 12.49

73,563.92 3.37
220,691.75 10.12

BALANCE GENERAL HISTORICO Y PROYECTADO

ACTIVO CORRIENTE
Caja y bancos
Inversiones temporales
Cuentas y documentos por cobrar mercado local
Cuentas y documentos por cobrar mercado extranjero

2,011

2,012

2,013

2,014

2,015

2,016

2,017

85,705.50

133,019.50
7,001.03
3,868.20
424,410.27

309,327.87
16,280.41
4,169.80
457,501.47

532,425.35
28,022.39
4,241.19
465,333.39

844,798.44
44,463.08
4,309.90
472,872.28

1,233,462.94
64,919.10
4,394.63
482,169.36

1,576,635.39
82,980.81
4,394.63
482,169.36

0.00
0.00
22,651.36
43,184.91

30,959.72
0.00
22,651.36
19,454.42

33,373.64
0.00
22,651.36
19,787.38

33,944.96
0.00
22,651.36
20,108.04

34,494.91
0.00
22,651.36
20,503.29

35,173.11
0.00
22,651.36
20,503.29

35,173.11
0.00
22,651.36
20,503.29

151,541.77

641,364.49

863,091.94

1,106,726.68

1,444,093.26

1,863,273.79

2,224,507.95

692,082.50
1,993,457.43
363,808.55
292,575.01
33,851.23
913,833.16
224,985.97

692,082.50
1,993,457.43
363,808.55
292,575.01
33,851.23
913,833.16
224,985.97

692,082.50
1,993,457.43
363,808.55
292,575.01
33,851.23
913,833.16
224,985.97

692,082.50
1,993,457.43
363,808.55
292,575.01
33,851.23
913,833.16
224,985.97

692,082.50
1,993,457.43
363,808.55
292,575.01
33,851.23
913,833.16
224,985.97

692,082.50
1,993,457.43
363,808.55
292,575.01
33,851.23
913,833.16
224,985.97

692,082.50
1,993,457.43
363,808.55
292,575.01
33,851.23
913,833.16
224,985.97

18,341.76
5,811.34
26,032.36
4,564,779.31

18,341.76
5,811.34
26,032.36
4,564,779.31
376,744.12

18,341.76
5,811.34
26,032.36
4,564,779.31
753,488.24

18,341.76
5,811.34
26,032.36
4,564,779.31
1,130,232.36

18,341.76
5,811.34
26,032.36
4,564,779.31
1,488,634.72

18,341.76
5,811.34
26,032.36
4,564,779.31
1,865,378.84

18,341.76
5,811.34
26,032.36
4,564,779.31
2,208,271.73

4,564,779.31

4,188,035.19

3,811,291.07

3,434,546.95

3,076,144.59

2,699,400.47

2,356,507.58

Inventarios:
Productos terminados
Productos en proceso
Materias primas
Materiales indirectos
TOTAL ACTIVOS CORRIENTES
ACTIVOS FIJOS OPERATIVOS
Terreno
Fomento Agrcola
Edificios
Maquinara y Equipo Sistema de Riego
Vehculos
Invernaderos
Instalaciones
ACTIVOS FIJOS ADMINISTRACION Y VENTAS
Equipo de computacin
Muebles y enseres
Equipo de oficina
Subtotal activos fijos
(-) depreciaciones
TOTAL ACTIVOS FIJOS NETOS

ACTIVO DIFERIDO
Amortizacin acumulada
TOTAL ACTIVO DIFERIDO NETO

0.00

0.00
0.00
0.00

0.00
0.00
0.00

0.00
0.00
0.00

0.00
0.00
0.00

0.00
0.00
0.00

0.00
0.00
0.00

241,222.66

241,222.66

241,222.66

241,222.66

241,222.66

241,222.66

241,222.66

4,957,543.74

5,070,622.34

4,915,605.67

4,782,496.28

4,761,460.51

4,803,896.92

4,822,238.19

PASIVO CORRIENTE
Obligaciones de corto plazo
Porcin corriente deuda largo plazo
Cuentas y documentos por pagar proveedores
Gastos acumulados por pagar

0.00
171,789.80
1,887.61
0.00

0.00
225,668.34
18,400.87
97,278.74

0.00
409,380.06
21,080.64
124,798.47

0.00
334,183.18
21,246.09
153,283.49

0.00
303,705.27
21,412.64
180,747.01

0.00
316,295.56
21,577.32
208,221.39

0.00
291,606.35
21,577.32
219,352.10

TOTAL DE PASIVOS CORRIENTES

173,677.42

341,347.95

555,259.17

508,712.76

505,864.92

546,094.27

532,535.77

PASIVO LARGO PLAZO

2,400,955.29

2,175,286.95

1,586,885.88

1,252,702.70

948,997.43

632,701.87

341,095.52

TOTAL DE PASIVOS

2,574,632.70

2,516,634.90

2,142,145.05

1,761,415.46

1,454,862.35

1,178,796.14

873,631.29

PATRIMONIO
Capital social pagado
Reserva legal
Futuras capitalizaciones
Utilidad (prdida) retenida
Utilidad (prdida) neta

819,588.64
1,384,963.61
743,816.19
-570,551.51
5,094.11

1,563,404.83
1,384,963.61
0.00
-565,457.40
171,076.40

1,563,404.83
1,402,071.25
0.00
-411,488.64
219,473.18

1,563,404.83
1,424,018.57
0.00
-235,910.09
269,567.52

1,563,404.83
1,450,975.32
0.00
-25,647.43
317,865.44

1,563,404.83
1,482,761.86
0.00
212,751.65
366,182.44

1,563,404.83
1,519,380.11
0.00
480,064.83
385,757.13

2,382,911.04

2,553,987.44

2,773,460.62

3,021,080.82

3,306,598.15

3,625,100.78

3,948,606.90

4,957,543.74
0
0.0000

5,070,622.34
0
0.0000

4,915,605.67
0
0.0000

4,782,496.28
0
0.0000

4,761,460.51
0
0.0000

4,803,896.92
0
0.0000

4,822,238.19
0
0.0000

OTROS ACTIVOS
TOTAL DE ACTIVOS

TOTAL PATRIMONIO
TOTAL PASIVO Y PATRIMONIO
COMPROBACION

0.00

2,018

2,019

2,020

2,021

1,970,565.69
103,713.98
4,394.63
482,169.36

2,563,578.23
134,925.17
4,191.87
459,922.76

3,078,849.79
162,044.73
3,982.28
436,926.58

3,572,618.25
188,032.54
3,783.16
415,080.21

35,173.11
0.00
22,651.36
19,557.46

33,550.27
0.00
22,651.36
18,579.34

31,872.75
0.00
22,651.36
17,650.43

30,279.11
0.00
0.00
0.00

2,638,225.60

3,237,399.00

3,753,977.92

4,209,793.27

692,082.50
1,993,457.43
363,808.55
292,575.01
33,851.23
913,833.16
224,985.97

692,082.50
1,993,457.43
363,808.55
292,575.01
33,851.23
913,833.16
224,985.97

692,082.50
1,993,457.43
363,808.55
292,575.01
33,851.23
913,833.16
224,985.97

692,082.50
1,993,457.43
363,808.55
292,575.01
33,851.23
913,833.16
224,985.97

18,341.76
5,811.34
26,032.36
4,564,779.31
2,566,674.09

18,341.76
5,811.34
26,032.36
4,564,779.31
2,943,418.21

18,341.76
5,811.34
26,032.36
4,564,779.31
3,320,162.33

18,341.76
5,811.34
26,032.36
4,564,779.31
3,696,906.46

1,998,105.22

1,621,361.10

1,244,616.98

867,872.85

0.00
0.00
0.00

0.00
0.00
0.00

0.00
0.00
0.00

0.00
0.00
0.00

241,222.66

241,222.66

241,222.66

241,222.66

4,877,553.48

5,099,982.75

5,239,817.55

5,318,888.79

0.00
0.00
21,498.50
233,270.19

0.00
0.00
21,022.90
202,540.90

0.00
0.00
20,537.94
163,022.94

0.00
0.00
16,792.41
125,491.38

254,768.70

223,563.80

183,560.88

142,283.80

341,095.52

341,095.52

341,095.52

341,095.52

595,864.22

564,659.32

524,656.40

483,379.32

1,563,404.83
1,557,955.82
0.00
750,094.82
410,233.79

1,563,404.83
1,598,979.20
0.00
1,016,746.79
356,192.62

1,563,404.83
1,634,598.46
0.00
1,230,462.36
286,695.51

1,563,404.83
1,663,268.01
0.00
1,388,144.89
220,691.75

4,281,689.26

4,535,323.43

4,715,161.16

4,835,509.47

4,877,553.48
0
0.0000

5,099,982.75
0
0.0000

5,239,817.55
0
0.0000

5,318,888.79
0
0.0000

FLUJO DE CAJA PROYECTADO

2,011
A. INGRESOS OPERACIONALES
Recuperacin por ventas

2,013

2014

170,217.88 1,800,821.32 2,369,509.55 2,436,134.10

Parcial

B. EGRESOS OPERACIONALES
Pago a proveedores
Mano de obra directa e imprevistos
Mano de obra indirecta
Gastos de ventas
Gastos de administracin
Costos de fabricacin

170,217.88 1,800,821.32 2,369,509.55 2,436,134.10

20,763.74

Parcial
C. FLUJO OPERACIONAL (A - B)

231,449.23 277,439.89 281,939.66

531,067.70 531,067.70 531,067.70
94,601.04
94,601.04
94,601.04
242,452.99 257,184.59 259,213.73
178,102.12 178,102.12 178,102.12
101,242.30 101,444.65 101,494.59
20,763.74 1,378,915.38 1,439,839.99 1,446,418.85
149,454.14

421,905.94

929,669.56

989,715.25

1,390,000.00
599,588.64
51,670.48

0.00
0.00

0.00
0.00

0.00
0.00

Parcial 2,041,259.12

0.00

0.00

0.00

195,801.11
0.00
171,789.80

242,113.72
0.00
404,689.34

198,749.95
0.00
409,380.06

69,755.10

0.00
0.00
0.00

40,253.27
57,025.47
0.00

51,640.75
73,157.73
21,947.32

168,000.00
1,106,868.00
207,615.75
100,021.30
0.00
230,700.00
29,360.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00

0.00

0.00

0.00

Parcial 2,123,643.23

367,590.92

744,081.80

754,875.81

D. INGRESOS NO OPERACIONALES
Crditos Instituciones Financieras 1
Aportes de capital
Aporte de capital (recup. otras ctas. y dctos. x cobrar hist.)

E. EGRESOS NO OPERACIONALES
Pago de intereses
Pago de crditos de corto plazo
Pago de principal (capital) de los pasivos
Pago de cuentas y documentos histrico
Pago participacin de trabajadores
Pago de impuesto a la renta
Reparto de dividendos
Reposicin y nuevas inversiones
ACTIVOS FIJOS OPERATIVOS
Terreno
Fomento Agrcola
Edificios
Maquinara y Equipo Sistema de Riego
Vehculos
Invernaderos
Instalaciones
ACTIVOS FIJOS ADMINISTRACION Y VENTAS
Equipo de computacin

2012

0.00
0.00
211,323.08

F. FLUJO NO OPERACIONAL (D-E)

-82,384.11 -367,590.92 -744,081.80 -754,875.81

G. FLUJO NETO GENERADO (C+F)

67,070.02

54,315.02

185,587.76

234,839.45

H. SALDO INICIAL DE CAJA

18,635.48

85,705.50

140,020.52

325,608.28

I. SALDO FINAL DE CAJA (G+H)

85,705.50
0

140,020.52
0
114,909.62
0.00

325,608.28
0
119,986.67
0.00

560,447.73
0
120,534.90
0.00

REQUERIMIENTOS DE CAJA
NECESIDADES EFECTIVO (CREDITO CORTO PLAZO)

CAJA PROYECTADO
2,015

2016

2,017

2018

2,019

2020

2,021

2,476,025.78

2,523,081.95

2,532,463.76

2,532,463.76

2,438,068.89

2,318,044.12

2,202,141.68

2,476,025.78

2,523,081.95

2,532,463.76

2,532,463.76

2,438,068.89

2,318,044.12

2,202,141.68

283,937.11
531,067.70
94,601.04
261,168.05
178,102.12
101,542.69
1,450,418.71

285,915.21
531,067.70
94,601.04
263,582.58
178,102.12
101,601.98
1,454,870.62

286,079.90
531,067.70
94,601.04
263,582.58
178,102.12
101,601.98
1,455,035.31

285,212.89
531,067.70
94,601.04
258,418.19
178,102.12
101,601.98
1,449,003.91

279,902.42
531,067.70
94,601.04
252,476.29
178,102.12
101,460.10
1,437,609.67

274,092.25
531,067.70
94,601.04
246,781.37
178,102.12
101,313.38
1,425,957.86

232,406.48
531,067.70
94,601.04
241,371.20
178,102.12
101,174.05
1,378,722.59

1,025,607.07

1,068,211.33

1,077,428.45

1,083,459.85

1,000,459.22

892,086.26

823,419.10

0.00
0.00

0.00
0.00

0.00
0.00

0.00
0.00

0.00
0.00

0.00
0.00

0.00
0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

158,636.75
0.00
334,183.18

126,958.71
0.00
303,705.27

95,575.10
0.00
316,295.56

62,344.74
0.00
291,606.35

40,406.86
0.00
0.00

40,296.46
0.00
0.00

40,296.46
0.00
0.00

63,427.65
89,855.84
32,348.10

74,791.87
105,955.15
47,679.82

86,160.57
122,060.81
62,251.01

90,766.38
128,585.71
77,151.43

96,525.60
136,744.60
102,558.45

83,810.03
118,730.87
106,857.79

67,457.77
95,565.17
100,343.43

0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
33,851.23
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00

18,341.76

0.00

0.00

18,341.76

0.00

0.00

0.00

696,793.28

659,090.81

716,194.29

668,796.38

376,235.50

349,695.14

303,662.82

-696,793.28

-659,090.81

-716,194.29

-668,796.38

-376,235.50

-349,695.14

-303,662.82

328,813.79

409,120.52

361,234.16

414,663.47

624,223.72

542,391.11

519,756.28

560,447.73

889,261.52

1,298,382.04

1,659,616.20

2,074,279.68

2,698,503.40

3,240,894.51

889,261.52
0
120,868.23
0.00

1,298,382.04
0
121,239.22
0.00

1,659,616.20
0
121,252.94
0.00

2,074,279.68
0
120,750.33
0.00

2,698,503.40
0
119,800.81
0.00

3,240,894.51
0
118,829.82
0.00

3,760,650.79
0
114,893.55
0.00

INDICES FINANCIEROS
Perodo

2,012

2,013

2,014

Promedio

Composicin de activos
Activo corriente/activos totales
Activo fijo/activos totales
Activo diferido/activos totales
Otros activos/activos totales

12.6%
82.6%
0.0%
4.8%

17.6%
77.5%
0.0%
4.9%

23.1%
71.8%
0.0%
5.0%

17.8%
77.3%
0.0%
4.9%

Apalancamiento
Pasivos totales/activos totales
Pasivos corrientes/activos totales
Patrimonio/activos totales

49.6%
6.7%
50.4%

43.6%
11.3%
56.4%

36.8%
10.6%
63.2%

43.3%
9.6%
56.7%

Composicin de costos y gastos

Costos directos/costos y gastos totales
Costos indirectos/costos y gastos totales
Gastos administrativos/costos y gastos totales
Gastos de ventas/costos y gastos totales
Gastos financieros/costos y gastos totales
Costo de ventas/costos y gastos totales
Costo materia prima/costos y gastos totales
Costo materiales indirectos/costos y gastos totales
Costo suministros y servicios/costos y gastos totales
Costo mano obra directa/costos y gastos totales
Costo mano obra indirecta/costos y gastos totales
Gastos personal administ./costos y gastos totales
Gastos personal ventas/costos y gastos totales
Total remuneraciones/costos y gastos totales

33.5%
35.1%
9.1%
12.5%
9.8%
67.0%
6.8%
5.5%
1.4%
25.8%
4.7%
5.4%
3.6%
39.6%

32.4%
34.3%
8.8%
12.7%
11.7%
66.6%
6.6%
5.7%
1.3%
25.0%
4.6%
5.2%
3.5%
38.3%

33.0%
35.1%
9.0%
13.1%
9.8%
68.1%
6.7%
5.9%
1.3%
25.5%
4.7%
5.3%
3.5%
39.0%

32.9%
34.8%
9.0%
12.8%
10.5%
67.2%
6.7%
5.7%
1.3%
25.4%
4.7%
5.3%
3.5%
39.0%

USD
929,669.6
989,715.3
(744,081.8) (754,875.8)
185,587.8
234,839.4
325,608.3
560,447.7
0.0
0.0
307,832.8
598,013.9
1.6
2.2
1.4
2.0

780,430.3
(622,182.8)
158,247.4
342,025.5
0.0
401,954.4
1.9
1.7

Liquidez
Flujo operacional
Flujo no operacional
Flujo neto generado
Saldo final de caja
Requerimientos de recursos frescos
Capital de trabajo
Indice de liquidez (prueba cida)
Indice de solvencia
Retorno
Tasa interna de retorno financiera (TIRF)
Tasa interna de retorno del inversionista (TIRI)
Valor actual neto (VAN)
Perodo de recuperacin (nominal)
Coeficiente beneficio/costo

421,905.9
(367,590.9)
54,315.0
140,020.5
0.0
300,016.5
1.9
1.7

11.21% (177,940.4)
12.50%
(177,940.36) USD
6.22 AO
0.96

1.0

Utilidad neta/patrimonio (ROE)

Utilidad neta/activos totales (ROA)
Utilidad neta/ventas
Punto de equilibrio
Cobertura de intereses
Rotaciones
Rotacin cuentas por cobrar
Rotacin de inventarios
Sociales
Sueldos y salarios
Valor agregado
Generacin de divisas
Costo de oportunidad

6.70%
3.37%
7.67%
82.51%
2.4
171,076.4

7.91%
4.46%
9.13%
77.54%
2.4
219,473.2

5.2
3.5

5.4
3.4

8.92%
5.64%
11.03%
72.95%
3.1
269,567.5
5.2
3.3

7.84%
4.49%
9.28%
77.67%
2.6
317,865.4
5.3
3.4

USD
788,537.04 788,537.04 788,537.04 788,537.04
1,252,693.30 1,374,922.41 1,410,138.00 1,345,917.90
2,182,681.37 2,352,864.71 2,393,143.16 2,309,563.08
12.00% AO