GASTOS POR ESTUDIOS $ 800.00 S/. 2,160.

00

CUADRO DE INVERSIONES

FASE SIN FINAN. CON FINAN.

AO
1. INVERSIONES FIJAS
TANGIBLES
TERRENOS S/. 248,400.00 S/. 248,400.00
EDIFICIOS S/. 411,100.00 S/. 411,100.00
MAQUINARIA Y EQUIPOS S/. 162,000.00 S/. 162,000.00
COMPUTO S/. 16,200.00 S/. 16,200.00
INTANGBLES
ESTUDIO DE PROYECTO S/. 2,160.00 S/. 2,160.00
INTERESES PREOPERATIVOS S/. 29,484.00
IMPREVISTOS (5%) S/. 29,573.00 S/. 29,573.00
2 CAPITAL DE TRABAJO S/. 142,063.88 S/. 142,063.88
TOTAL INVERSION S/. 1,011,496.88 S/. 1,040,980.88
AMORTIZACION DE INTANGIBLES

SIN FINAN. CON FINAN. AOS

GASTOS PREOPERATIVOS S/. 31,733.00 S/. 61,217.00 6

AMORT. INTANG. SIN FINAN

FASE
AO 1
AMORTIZACION DE DIFERIDOS S/. 5,288.83
COSTO TOTAL AMORT. DE DIFERIDOS S/. 5,288.83

AMORT. INTANG. CON FINAN

FASE
AO 1
AMORTIZACION DE DIFERIDOS S/. 10,202.83
COSTO TOTAL AMORT. DE DIFERIDOS S/. 10,202.83
 OPERACIONAL
2 3 4 5 6 7 8
S/. 5,288.83 S/. 5,288.83 S/. 5,288.83 S/. 5,288.83 S/. 5,288.83
S/. 5,288.83 S/. 5,288.83 S/. 5,288.83 S/. 5,288.83 S/. 5,288.83

OPERACIONAL
2 3 4 5 6 7 8
S/. 10,202.83 S/. 10,202.83 S/. 10,202.83 S/. 10,202.83 S/. 10,202.83
S/. 10,202.83 S/. 10,202.83 S/. 10,202.83 S/. 10,202.83 S/. 10,202.83
TASA DE CAMBIO S/. 2.70 DOLARES SOLES
MAQUINARIA $ 60,000.00 S/. 162,000.00
INICIAL 30% $ 18,000.00 S/. 48,600.00
FINANCIADO 70% $ 42,000.00 S/. 113,400.00
TASA 13%
PERIODOS 7
INTERESES PREOPERATIVOS $ 5,460.00 S/. 14,742.00
ANUALIDAD $ 9,496.65 S/. 25,640.97= (1+)
( (1+) ^
CUADRO DEL SERVICIO DE LA DEUDA

AO AO DEUDA PENDIENTE INTERES AMORTIZACION

1 S/. 113,400.00 S/. 14,742.00 S/. 10,898.97
2 S/. 102,501.03 S/. 13,325.13 S/. 12,315.83
3 S/. 90,185.20 S/. 11,724.08 S/. 13,916.89
4 S/. 76,268.32 S/. 9,914.88 S/. 15,726.08
5 S/. 60,542.23 S/. 7,870.49 S/. 17,770.48
6 S/. 42,771.76 S/. 5,560.33 S/. 20,080.64
7 S/. 22,691.12 S/. 2,949.85 S/. 22,691.12

FASE
AO 1
NIVEL DE PRODUCCION 75%
COSTOS DE FINANC. S/. 14,742.00
PAGO DE LA DEUDA S/. 10,898.97
= (1+) ^/
( (1+) ^ 1)

ANUALIDAD AMORT. ACUM.

S/. 25,640.97 S/. 10,898.97
S/. 25,640.97 S/. 23,214.80
S/. 25,640.97 S/. 37,131.68
S/. 25,640.97 S/. 52,857.77
S/. 25,640.97 S/. 70,628.24
S/. 25,640.97 S/. 90,708.88
S/. 25,640.97 S/. 113,400.00

OPERACIONAL
2 3 4 5 6 7
87.5% 100% 100% 100% 100% 100%
S/. 13,325.13 S/. 11,724.08 S/. 9,914.88 S/. 7,870.49 S/. 5,560.33 S/. 2,949.85
S/. 12,315.83 S/. 13,916.89 S/. 15,726.08 S/. 17,770.48 S/. 20,080.64 S/. 22,691.12
 8
100%
TASA DE CAMBIO 2.7 DOLARES SOLES

PRODUCCION

CAPACIDAD DE PRODUC. 8000 UNIDADES

FASE
AO 1
NIVEL DE PRODUCCION 87.50%
PRODUCCION EN UNIDADES 7000

PRECIOS

PRECIO ACTUAL $ 40.00 S/. 108.00

PRECIO AL 5TO AO $ 48.00 S/. 129.60

FASE
AO 1
NIVEL DE PRODUCCION 87.50%
PRODUCCION EN UNIDADES 7000
INGRESOS POR VENTAS S/. 756,000.00
 OPERACIONAL
2 3 4 5 6 7
100% 100% 100% 100% 100% 100%
8000 8000 8000 8000 8000 8000

OPERACIONAL
2 3 4 5 6 7
100% 100% 100% 100% 100% 100%
8000 8000 8000 8000 8000 8000
S/. 864,000.00 S/. 864,000.00 S/. 864,000.00 S/. 1,036,800.00 S/. 1,036,800.00 S/. 1,036,800.00
 8
100%
8000

8
100%
8000
S/. 1,036,800.00
TASA DE CAMBIO 2.7 DOLARES SOLES
COSTO LOCAL (PLANTA) $ 150,000.00 S/. 405,000.00
TERRENO 40% $ 60,000.00 S/. 162,000.00
EDIFICIO 60% $ 90,000.00 S/. 243,000.00
REFACCIONES LOCAL $ 9,259.26 S/. 25,000.00
COSTO TOTAL PLANTA $ 159,259.26 S/. 430,000.00

TASA DE CAMBIO 2.7 DOLARES SOLES

LOCAL DE ZAPAT. $ 80,000.00 S/. 216,000.00
TERRENO 50% $ 32,000.00 S/. 86,400.00
EDIFICIO $ 48,000.00 S/. 129,600.00
DECORACION $ 5,000.00 S/. 13,500.00
COSTO TOTAL ZAPATERIA $ 85,000.00 S/. 229,500.00

EQUIPO DE COMPUTO $ 6,000.00 S/. 16,200.00

ACTIVO FIJO VALOR VIDA UTIL RESIDUAL

TERRENO S/. 248,400.00
EDIFICIO S/. 411,100.00 30 10%
MAQUINARIA S/. 162,000.00 8 20%
COMPUTO S/. 16,200.00 4 15%

FASE
AO 1
ACTIVOS FIJOS
TERRENO
EDIFICIOS S/. 12,333.00
MAQUINARIA Y EQUIPOS S/. 16,200.00
EQUIPO DE COMPUTO S/. 3,442.50
COSTO TOTAL DEPRECIACION ACTIVOS FIJOS S/. 31,975.50
 VAL. RESID.

S/. 41,110.00
S/. 32,400.00
S/. 2,430.00

OPERACIONAL
2 3 4 5 6 7 8

S/. 12,333.00 S/. 12,333.00 S/. 12,333.00 S/. 12,333.00 S/. 12,333.00 S/. 12,333.00 S/. 12,333.00
S/. 16,200.00 S/. 16,200.00 S/. 16,200.00 S/. 16,200.00 S/. 16,200.00 S/. 16,200.00 S/. 16,200.00
S/. 3,442.50 S/. 3,442.50 S/. 3,442.50 S/. 3,442.50 S/. 3,442.50 S/. 3,442.50 S/. 3,442.50
S/. 31,975.50 S/. 31,975.50 S/. 31,975.50 S/. 31,975.50 S/. 31,975.50 S/. 31,975.50 S/. 31,975.50
 VALOR EN
LIBROS
S/. 248,400.00
S/. 312,436.00
S/. 43,200.00
S/. 9,315.00
S/. 613,351.00
 GASTOS DE VENTAS

ITEM SUELDOS PERIODOS

2 S/. 600.00 12 MESES

GASTOS ADMINISTRATIVOS
ITEM SUELDOS PERIODOS
GERENTE G. 1 S/. 2,700.00 12 MESES
ADMINISTRADOR 1 S/. 2,160.00 12 MESES

FASE
AO 1 2
NIVEL DE PRODUCCION 87.5% 100.0%
GASTOS DE VENTAS S/. 14,400.00 S/. 14,400.00
GASTOS ADMINISTRATIVOS S/. 58,320.00 S/. 58,320.00
 OPERACIONAL
3 4 5 6 7 8
100% 100% 100% 100% 100% 100%
S/. 14,400.00 S/. 14,400.00 S/. 14,400.00 S/. 14,400.00 S/. 14,400.00 S/. 14,400.00
S/. 58,320.00 S/. 58,320.00 S/. 58,320.00 S/. 58,320.00 S/. 58,320.00 S/. 58,320.00
OPERACIN
POR MILLAR SOLES UNITARIO
MATERIA PRIMA $ 8,000.00 S/. 21,600.00 $ 8.00
INSUMOS $ 2,222.22 S/. 6,000.00 $ 2.22
MATERIALES AUXILIARES
MANO DE OBRA 1 10 OPERARIOS S/. 600.00
MANO DE OBRA 2 11 OPERARIOS S/. 600.00
DISEADOR (2do AO)
CONFECCIONISTA 1-4 TO S/. 21.60
OTROS COSTOS $ 300.00 MENSUALES $ 3,600.00

FASE
AO 1
NIVEL DE PRODUCCION 87.5%
PRODUCCION EN UNIDADES 7000
COSTOS FIJOS
MANO DE OBRA S/. 72,000.00
MATERIALES AUXILIARES S/. 3,000.00
OTROS COSTOS S/. 9,720.00
DEPRECIACION S/. 31,975.50
TOTAL COSTOS FIJOS S/. 116,695.50
COSTOS VARIABLES
MATERIA PRIMA S/. 151,200.00
INSUMOS S/. 42,000.00
CONFECCION S/. 151,200.00
TOTAL COSTOS VARIABLES S/. 344,400.00
COSTOS TOTALES S/. 461,095.50
COSTO UNITARIO S/. 65.87
PUNTO DE EQUILIBRIO EN SOLES S/. 214,338.67
PTO DE EQUILIBRIO EN UNIDADES
SOLES ANUAL CLASIFICACION
S/. 21.60 V
S/. 6.00 V
S/. 3,000.00 F
MENSUAL S/. 72,000.00 F
MENSUAL S/. 79,200.00 F
$ 6,000.00 S/. 16,200.00 F
5TO S/. 25.92
ANUAL S/. 9,720.00 F

OPERACIONAL
2 3 4 5 6 7
100% 100% 100% 100% 100% 100%
8000 8000 8000 8000 8000 8000

S/. 95,400.00 S/. 95,400.00 S/. 95,400.00 S/. 95,400.00 S/. 95,400.00 S/. 95,400.00
S/. 3,000.00 S/. 3,000.00 S/. 3,000.00 S/. 3,000.00 S/. 3,000.00 S/. 3,000.00
S/. 9,720.00 S/. 9,720.00 S/. 9,720.00 S/. 9,720.00 S/. 9,720.00 S/. 9,720.00
S/. 31,975.50 S/. 31,975.50 S/. 31,975.50 S/. 31,975.50 S/. 31,975.50 S/. 31,975.50
S/. 140,095.50 S/. 140,095.50 S/. 140,095.50 S/. 140,095.50 S/. 140,095.50 S/. 140,095.50

S/. 172,800.00 S/. 172,800.00 S/. 172,800.00 S/. 172,800.00 S/. 172,800.00 S/. 172,800.00
S/. 48,000.00 S/. 48,000.00 S/. 48,000.00 S/. 48,000.00 S/. 48,000.00 S/. 48,000.00
S/. 172,800.00 S/. 172,800.00 S/. 172,800.00 S/. 207,360.00 S/. 207,360.00 S/. 207,360.00
S/. 393,600.00 S/. 393,600.00 S/. 393,600.00 S/. 428,160.00 S/. 428,160.00 S/. 428,160.00
S/. 533,695.50 S/. 533,695.50 S/. 533,695.50 S/. 568,255.50 S/. 568,255.50 S/. 568,255.50
S/. 66.71 S/. 66.71 S/. 66.71 S/. 71.03 S/. 71.03 S/. 71.03
S/. 257,318.27 S/. 257,318.27 S/. 257,318.27 S/. 238,648.49 S/. 238,648.49 S/. 238,648.49
 8
100%
8000

S/. 95,400.00
S/. 3,000.00
S/. 9,720.00
S/. 31,975.50
S/. 140,095.50

S/. 172,800.00
S/. 48,000.00
S/. 207,360.00
S/. 428,160.00
S/. 568,255.50
S/. 71.03
S/. 238,648.49
ESTADO DE GANANCIAS Y PERDIDAS SIN FINANCIAMIENTO

RUBRO / AOS 1 2 3
INGRESO / VENTAS S/. 756,000.00 S/. 864,000.00 S/. 864,000.00
COSTOS DE PRODUCCION S/. 461,095.50 S/. 533,695.50 S/. 533,695.50
UTILIDAD BRUTA S/. 294,904.50 S/. 330,304.50 S/. 330,304.50
GASTOS ADM. Y DE VENTAS S/. 72,720.00 S/. 72,720.00 S/. 72,720.00
AMORT. DE INTANGIBLES S/. 5,288.83 S/. 5,288.83 S/. 5,288.83
UTILIDADES SIN IMPUESTOS S/. 216,895.67 S/. 252,295.67 S/. 252,295.67
IMPUESTOS (30%) S/. 65,068.70 S/. 75,688.70 S/. 75,688.70
UTILIDAD DE OPERACIN S/. 151,826.97 S/. 176,606.97 S/. 176,606.97

UTILIDAD DE MEDIA S/. 222,819.01

RENTABILIDAD 22.03%
TIEMPO DE PAGO 4.54 4 AOS 6 MESES

ESTADO DE GANANCIAS Y PERDIDAS CON FINANCIAMIENTO

RUBRO / AOS
INGRESO / VENTAS
COSTOS DE PRODUCCION
UTILIDAD BRUTA
GASTOS ADM. Y DE VENTAS
AMORT. DE INTANGIBLES
GASTOS FINANCIEROS
UTILIDADES SIN IMPUESTOS
IMPUESTOS (30%)
UTILIDAD DE OPERACIN
1 2 3
S/. 756,000.00 S/. 864,000.00 S/. 864,000.00
S/. 461,095.50 S/. 533,695.50 S/. 533,695.50
S/. 294,904.50 S/. 330,304.50 S/. 330,304.50
S/. 72,720.00 S/. 72,720.00 S/. 72,720.00
S/. 10,202.83 S/. 10,202.83 S/. 10,202.83
S/. 14,742.00 S/. 13,325.13 S/. 11,724.08
S/. 197,239.67 S/. 234,056.53 S/. 235,657.59
S/. 59,171.90 S/. 70,216.96 S/. 70,697.28
S/. 138,067.77 S/. 163,839.57 S/. 164,960.31

UTILIDAD DE MEDIA S/. 214,456.57

RENTABILIDAD 20.60%
TIEMPO DE PAGO 4.85 4 AOS 10 MESES
 4 5 6 7 8
S/. 864,000.00 S/. 1,036,800.00 S/. 1,036,800.00 S/. 1,036,800.00 S/. 1,036,800.00
S/. 533,695.50 S/. 568,255.50 S/. 568,255.50 S/. 568,255.50 S/. 568,255.50
S/. 330,304.50 S/. 468,544.50 S/. 468,544.50 S/. 468,544.50 S/. 468,544.50
S/. 72,720.00 S/. 72,720.00 S/. 72,720.00 S/. 72,720.00 S/. 72,720.00
S/. 5,288.83 S/. 5,288.83 S/. 5,288.83 S/. - S/. -
S/. 252,295.67 S/. 390,535.67 S/. 390,535.67 S/. 395,824.50 S/. 395,824.50
S/. 75,688.70 S/. 117,160.70 S/. 117,160.70 S/. 118,747.35 S/. 118,747.35
S/. 176,606.97 S/. 273,374.97 S/. 273,374.97 S/. 277,077.15 S/. 277,077.15

14 DIAS

4 5 6 7 8
S/. 864,000.00 S/. 1,036,800.00 S/. 1,036,800.00 S/. 1,036,800.00 S/. 1,036,800.00
S/. 533,695.50 S/. 568,255.50 S/. 568,255.50 S/. 568,255.50 S/. 568,255.50
S/. 330,304.50 S/. 468,544.50 S/. 468,544.50 S/. 468,544.50 S/. 468,544.50
S/. 72,720.00 S/. 72,720.00 S/. 72,720.00 S/. 72,720.00 S/. 72,720.00
S/. 10,202.83 S/. 10,202.83 S/. 10,202.83 S/. - S/. -
S/. 9,914.88 S/. 7,870.49 S/. 5,560.33 S/. 2,949.85 S/. -
S/. 237,466.79 S/. 377,751.18 S/. 380,061.34 S/. 392,874.65 S/. 395,824.50
S/. 71,240.04 S/. 113,325.35 S/. 114,018.40 S/. 117,862.40 S/. 118,747.35
S/. 166,226.75 S/. 264,425.82 S/. 266,042.94 S/. 275,012.26 S/. 277,077.15

6 DIAS
FLUJO DE CAJA SIN FINANCIAMIENTO

INGRESOS 0 1 2
ING / VENTAS S/. 756,000.00 S/. 864,000.00
VALOR EN LIBROS
TERRENO
VALOR DE RECUPERO
EDIFICIO
MAQ. Y EQUIPO
EQUIPO DE COMPUTO
VALOR RESIDUAL
EDIFICIO
MAQ. Y EQUIPO
EQUIPO DE COMPUTO
CAPITAL DE TRABAJO
TOTAL INGRESO S/. 0.00 S/. 756,000.00 S/. 864,000.00
EGRESOS
INVERSION S/. 1,011,496.88
COSTOS DE PROD - DEPREC. S/. 429,120.00 S/. 501,720.00
GASTOS ADM. - AMORT. INT. S/. 67,431.17 S/. 67,431.17
IMPUESTOS S/. 65,068.70 S/. 75,688.70
INVERSION EQUIPO DE COMP.
TOTAL EGRESOS S/. 1,011,496.88 S/. 561,619.87 S/. 644,839.87
FLUJO DE CAJA ECONOMICO (FCE) -S/. 1,011,496.88 S/. 194,380.13 S/. 219,160.13

COSTO DE OPORTUNIDAD 12%

VANE S/. 495,520.37
TIRE 22.65%

FLUJO DE CAJA CON FINANCIAMIENTO

INGRESOS 0 1 2
ING / VENTAS S/. 756,000.00 S/. 864,000.00
VALOR EN LIBROS
TERRENO
VALOR DE RECUPERO
EDIFICIO
MAQ. Y EQUIPO
EQUIPO DE COMPUTO
VALOR RESIDUAL
EDIFICIO
MAQ. Y EQUIPO
EQUIPO DE COMPUTO
CAPITAL DE TRABAJO
TOTAL INGRESO S/. 0.00 S/. 756,000.00 S/. 864,000.00
EGRESOS
APORTE PROPIO S/. 849,496.88
COSTOS DE PROD. - DEPREC. S/. 429,120.00 S/. 501,720.00
GASTOS ADM. - AMORT. INT. S/. 67,431.17 S/. 67,431.17
INVERSION EQUIPO DE COMPUTO
GASTOS FINANCIEROS (INTERES) S/. 29,484.00 S/. 14,742.00 S/. 13,325.13
AMORTIZACION DE LA DEUDA S/. 10,898.97 S/. 12,315.83
IMPUESTOS S/. 59,171.90 S/. 70,216.96
TOTAL EGRESOS S/. 878,980.88 S/. 581,364.03 S/. 665,009.09
FLUJO DE CAJA FINANCIERO (FCF) -S/. 878,980.88 S/. 174,635.97 S/. 198,990.91

COSTO DE OPORTUNIDAD 12%

VANF S/. 527,370.81
TIRF 24.50%
 3 4 5 6 7 8
S/. 864,000.00 S/. 864,000.00 S/. 1,036,800.00 S/. 1,036,800.00 S/. 1,036,800.00 S/. 1,036,800.00

S/. 248,400.00

S/. 312,436.00
S/. 43,200.00
S/. 9,315.00

S/. 41,110.00
S/. 32,400.00
S/. 2,430.00 S/. 2,430.00 S/. 2,430.00
S/. 142,063.88
S/. 866,430.00 S/. 864,000.00 S/. 1,036,800.00 S/. 1,039,230.00 S/. 1,036,800.00 S/. 1,868,154.88

S/. 501,720.00 S/. 501,720.00 S/. 536,280.00 S/. 536,280.00 S/. 536,280.00 S/. 536,280.00
S/. 67,431.17 S/. 67,431.17 S/. 67,431.17 S/. 67,431.17 S/. 72,720.00 S/. 72,720.00
S/. 75,688.70 S/. 75,688.70 S/. 117,160.70 S/. 117,160.70 S/. 118,747.35 S/. 118,747.35
S/. 16,200.00 S/. 16,200.00
S/. 661,039.87 S/. 644,839.87 S/. 720,871.87 S/. 737,071.87 S/. 727,747.35 S/. 727,747.35
S/. 205,390.13 S/. 219,160.13 S/. 315,928.13 S/. 302,158.13 S/. 309,052.65 S/. 1,140,407.53

3 4 5 6 7 8
S/. 864,000.00 S/. 864,000.00 S/. 1,036,800.00 S/. 1,036,800.00 S/. 1,036,800.00 S/. 1,036,800.00

S/. 248,400.00

S/. 312,436.00
S/. 43,200.00
S/. 9,315.00

S/. 41,110.00
S/. 32,400.00
S/. 2,430.00 S/. 2,430.00 S/. 2,430.00
S/. 142,063.88
 S/. 866,430.00 S/. 864,000.00 S/. 1,036,800.00 S/. 1,039,230.00 S/. 1,036,800.00 S/. 1,868,154.88

S/. 501,720.00 S/. 501,720.00 S/. 536,280.00 S/. 536,280.00 S/. 536,280.00 S/. 536,280.00
S/. 67,431.17 S/. 67,431.17 S/. 67,431.17 S/. 67,431.17 S/. 72,720.00 S/. 72,720.00
S/. 16,200.00 S/. 16,200.00
S/. 11,724.08 S/. 9,914.88 S/. 7,870.49 S/. 5,560.33 S/. 2,949.85 S/. -
S/. 13,916.89 S/. 15,726.08 S/. 17,770.48 S/. 20,080.64 S/. 22,691.12 S/. -
S/. 70,697.28 S/. 71,240.04 S/. 113,325.35 S/. 114,018.40 S/. 117,862.40 S/. 118,747.35
S/. 681,689.41 S/. 666,032.17 S/. 742,677.48 S/. 759,570.53 S/. 752,503.36 S/. 727,747.35
S/. 184,740.59 S/. 197,967.83 S/. 294,122.52 S/. 279,659.47 S/. 284,296.64 S/. 1,140,407.53