PLANNING DE REMBOURSEMENT DES CREDITS

Programme d'investissement Montant du Crédit Année 2016 Année 2017 Année 2018 Année 2019 Année 2020 Année 2021 Année 2022 Année 2023 Année 2024 Année 2025

Crédit d'Investissement 500,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000
Autres Crédits 200,000 66,667 66,667 66,667
Total de remboursements par année 700,000 116,667 116,667 116,667 50,000 50,000 50,000 50,000 50,000 50,000 50,000
Cumul de remboursement 116,667 233,333 350,000 400,000 450,000 500,000 550,000 600,000 650,000 700,000
Reste à rembourser 583,333 466,667 350,000 300,000 250,000 200,000 150,000 100,000 50,000 -

TABLEAU DES FRAIS FINANCIERS

Programme d'investissement Taux d'interets Année 2016 Année 2017 Année 2018 Année 2019 Année 2020 Année 2021 Année 2022 Année 2023 Année 2024 Année 2025

Crédit d'Investissement 6.25 - 28,125 25,000 21,875 18,750 15,625 12,500 9,375 6,250 3,125
Autres Crédits 8.00 - 10,667 5,333 - 0 - 0 - 0 - 0 - 0 - 0 - 0
Total des Interets - 38,792 30,333 21,875 18,750 15,625 12,500 9,375 6,250 3,125
 Rubriques 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TOTAL

Chiffre d'affaires 350,000 350,000 350,000 350,000 350,000 350,000 350,000 350,000 350,000 350,000 3,500,000
Variation stocks produits finis et en-cours -
Production immobilisée -
Subventions d'exploitation -
PRODUCTION TOTALE 350,000 350,000 350,000 350,000 350,000 350,000 350,000 350,000 350,000 350,000 3,500,000
Achats consommés 100,000 100,001 100,002 100,003 100,004 100,005 100,006 100,007 100,008 100,009 1,000,045
Autres consommations 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 200,000
Services extérieurs 34,000 34,000 34,000 34,000 34,000 34,000 34,000 34,000 34,000 34,000 340,000
CONSOMMATIONS DE LA PERIODE 154,000 154,001 154,002 154,003 154,004 154,005 154,006 154,007 154,008 154,009 1,540,045
VALEUR AJOUTEE 196,000 195,999 195,998 195,997 195,996 195,995 195,994 195,993 195,992 195,991 1,959,955
Charges de personnel 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 200,000
Impôts, taxes et versements assimilés 14,000 14,000 14,000 14,000 14,000 14,000 14,000 14,000 112,000
EXCEDENT BRUT D'EXPLOITATION 162,000 161,999 161,998 161,997 161,996 161,995 161,994 161,993 175,992 175,991 1,647,955
Autres produits opérationnels -
Autres charges opérationnelles -
Dotations aux amortissements et aux provisions 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 200,000
Reprise sur perte de valeur et provisions -
RESULTAT OPERATIONNEL 142,000 141,999 141,998 141,997 141,996 141,995 141,994 141,993 155,992 155,991 1,447,955
Produits financiers -
Charges financières - 38,792 30,333 21,875 18,750 15,625 12,500 9,375 6,250 3,125 156,625
RESULTAT FINANCIER - - 38,792 - 30,333 - 21,875 - 18,750 - 15,625 - 12,500 - 9,375 - 6,250 - 3,125 - 156,625
RESULTAT ORDINAIRE AVANT IMPOTS 142,000 103,207 111,665 120,122 123,246 126,370 129,494 132,618 149,742 152,866 1,291,330
IBS 26,980 19,609 21,216 22,823 23,417 24,010 24,604 25,197 28,451 29,045 245,353
RESULTAT NET 115,020 83,598 90,448 97,299 99,829 102,360 104,890 107,421 121,291 123,821 1,045,977
Amortissements 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 200,000
Cash flow brut 135,020 103,598 110,448 117,299 119,829 122,360 124,890 127,421 141,291 143,821 1,245,977
Cumul Cash flow brut 135,020 238,618 349,066 466,365 586,194 708,554 833,444 960,865 1,102,156 1,245,977 6,626,260
Remboursement emprunts en principal 116,667 116,667 116,667 50,000 50,000 50,000 50,000 50,000 50,000 50,000 700,000
Cumul Remboursement emprunts en principal 116,667 233,333 350,000 400,000 450,000 500,000 550,000 600,000 650,000 700,000
Cash flow net 18,353 - 13,069 - 6,218 67,299 69,829 72,360 74,890 77,421 91,291 93,821 545,977
Cumul Cash flow net 18,353 5,285 - 19,287 61,081 137,128 142,189 147,250 152,311 168,712 185,112
Stocks en Nbre de Mois 2
Créances en Nbre de Mois 3
Dettes en Nbre de Mois 4

LES BILANS FINANCIERS PREVISIONNELS 2015 – 2025

Projet 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

LES RESSOURCES

Capital social - - - - - - - - - -

Report à nouveau - 198,618 174,046 187,747 197,128 202,189 207,250 212,311 228,712 245,112

Résultat de l’exercice 115,020 83,598 90,448 97,299 99,829 102,360 104,890 107,421 121,291 123,821

Capitaux Propres - 115,020 282,216 264,495 285,046 296,957 304,549 312,140 319,731 350,003 368,934

Endettement bancaire 583,333 466,667 350,000 300,000 250,000 200,000 150,000 100,000 50,000 -

Fournisseurs et autres 45,045 45,045 45,046 45,046 45,046 45,046 45,047 45,047 45,047 45,048

Total Dettes - 628,378 511,712 395,046 345,046 295,046 245,046 195,047 145,047 95,047 45,048

TOTAL RESSOURCES - 743,398 793,928 659,540 630,092 592,004 549,595 507,187 464,778 445,050 413,982

LES EMPLOIS

Immobilisations brutes 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000

Amortissements cumulés 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000

Valeur nette - 480,000 460,000 440,000 420,000 400,000 380,000 360,000 340,000 320,000 300,000

Stocks 50,000 50,001 50,001 50,002 50,002 50,003 50,003 50,004 50,004 50,005

Créances 136,500 136,500 136,500 136,500 136,500 136,500 136,500 136,500 136,500 136,500

Trésorerie 76,898 147,427 33,039 23,590 5,502 - 16,907 - 39,316 - 61,725 - 61,454 - 72,523

Actifs circulants - 263,398 333,928 219,540 210,092 192,004 169,595 147,187 124,778 125,050 113,982

TOTAL EMPLOIS - 743,398 793,928 659,540 630,092 592,004 549,595 507,187 464,778 445,050 413,982
 RENTABILITE DU PROJET ET RETOUR SUR INVESTISSEMENT

Projet 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TOTAL

RENTABILITE ET RETOUR SUR INVESTISSEMENT

Production Totale 350,000 350,000 350,000 350,000 350,000 350,000 350,000 350,000 350,000 350,000 3,500,000

Charges d’exploitation 208,000 246,793 238,335 229,878 226,754 223,630 220,506 217,382 200,258 197,134 2,208,670

Résultat opérationnel 142,000 103,207 111,665 120,122 123,246 126,370 129,494 132,618 149,742 152,866 1,291,330

En % du CA 41% 29% 32% 34% 35% 36% 37% 38% 43% 44% 37%

Autres Charges 26,980 58,401 51,550 44,698 42,167 39,635 37,104 34,572 34,701 32,170 401,978

Résultat net 115,020 44,806 60,115 75,424 81,079 86,735 92,390 98,046 115,041 120,696 889,352

En % du CA 33% 13% 17% 22% 23% 25% 26% 28% 33% 34% 25%

Amortissements 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 200,000

Cash flow bruts 135,020 64,806 80,115 95,424 101,079 106,735 112,390 118,046 135,041 140,696 1,089,352

En % du CA 39% 19% 23% 27% 29% 30% 32% 34% 39% 40% 31%

Principal à rembourser 116,667 116,667 116,667 50,000 50,000 50,000 50,000 50,000 50,000 50,000 700,000

Cash flow nets 18,353 - 51,860 - 36,552 45,424 51,079 56,735 62,390 68,046 85,041 90,696 389,352

En % du CA 5% -15% -10% 13% 15% 16% 18% 19% 24% 26% 11%
 DETERMINATION DE LA VAN
Taux d'actualisation 6.25

Annees 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TOTAL

Cash flow net (A) 18,353 - 13,069 - 6,218 67,299 69,829 72,360 74,890 77,421 91,291 93,821 545,977

Cash falow Actualisé (B) 18,353 - 12,300 - 5,508 56,107 54,793 53,438 52,054 50,647 56,208 54,368 378,160

Valeur Actuelle Nette - 461,647 - 473,947 - 479,455 - 423,347 - 368,555 - 315,117 - 263,063 - 212,416 - 156,208 - 101,840 - 101,840

Investissement Initial 500,000

Valeur Residuelle des immobilisations 20,000