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8/18/2019 Biomar Industrial Excel-1
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Costo del capital
Monto Tasa requeridaCapital propio Q 1,093,000.00 49% 12.0%BND Q 1,116,000.00 51% 14.0%
Banco comercial 0%
Inversión total Q2,209,000.00
WACC 13.01
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tasa real costo ponderado12.0% Kd 5.94% 131,160.00 Q9.8% Kd 4.95% 109,368.00 Q
Kd 0.0%
10.89% Q240,528.00 240,528.00 Q
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!I"MA# Con!mo per capita camarone
A$"%1961 1.011969 1.3"
19"0 1.3319"1 1.4619"2 1.4119"3 1.4419"4 1.3819"5 1.5019"6 1.4119"" 1.4819"8 1.5619"9 1.52
1980 1.321981 1.421982 1.4"1983 1.52
CAMA#"&'% '& T"(A% )A%*"#MA% +)I!#A%
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I-portaciones de ca-arones por tipo de producto 191/193
1981 1982
#$& D' (&D)C#&* +$'* D' $B(-*
camarone in cae/ac 140952 520254 1848"3 "50001
peladoenlatado 4383 8898 5332 10551
in empani/arcr!do 65540 164842 64889 166984otro 8890 21363 14916 38025
'mpani/ado 2995 8518 3859 146"2
T"TA) 2220 23 239 90233
+$'* D'D&-('*
+$'* D'$B(-*
+$'* D'D&-('*
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1983
216950 896306
131"6 25499
81562 2181862"056 "2655
2685 108"6
3129 122322
+$'* D'$B(-*
+$'* D'D&-('*
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.
191 192 19
4AI%
-+'($C- D' N&(#'meico "0866 290309 801"0 3"4"30 84562panama 15923 55406 1"615 61216 16255el alador 6564 20841 "303 2606" 4"0"ond!ra 6180 18506 655" 18400 "020!atemala 4546 14539 4435 16698 3232cota rica 3499 8916 4431 10153 2535nicara!a 3"81 12521 2858 9205 1"65otro 3395 "339 4549 9251 4828
su5total 11 23 1291 220 1290
-+'($C- D' *)(ec!ador 24"35 80303 36118 136509 5136"rail 10933 23459 1269" 38488 14644per! 1920 5"16 2949 9568 935"otro 11881 48849 1"418 84""1 20114su5total 99 132 912 2933 92
')(&- 4816 13620 4043 124"5 20121-*$- 51368 114550 68830 1556"6 95658-)*#($-$- 1216 5684 1962 9"01 2994-7($C- 113" 331" 1934 "325 22"0su5total 3 1311 9 11 12103
T"TA) 2220 23 239 90233 3129
MI)'% (')I!#A%
MI)'% ('(")A#'%
MI)'% (')I!#A%
MI)'% ('(")A#'%
MI)'% (')I!#A%
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3
38802"586941689622"2313481
63"96422
12260
22
218"2944992358"99322"
3922
548002256191434911045
3013
122322
MI)'% ('(")A#'%
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C-#'&($- 2125 : B. C-#'&($- 3140 : B.
19"6 100 10019"" 98 9619"8 99 103
19"9 136 1531980 115 1291981 121 1191982 156 189
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C-#'&($- 516" : B.
10093
109
1"9161164226
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$N;'(*$&N'*7$cio "5e=!ipo de tranporte 40
1
-*#&* D' &'(-C$?N 100C-$#- D' #(-B-
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7$N-NC$-+$'N#&C-$#- D' #(-B-
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2209
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1 2 3 4 5(&D)CC$&N;'N#-*area de pro@ecto 150 150 150 150 150prod!ccion 2222 3333 4441 4441 4441 4441precio C$7 3.6 3.6 3.6 3.6 3.6 3."9tranporte 0.6 0.6 0.6 0.6 0.6
precio enta B$&+-( 3 3 3 3 3
C&*#&*-*#&* D' &'(-C$?Ncotoato ariale 1.25coto >Ao de prod!ccion 20000 an!aleato adminitratio 100000 an!aleato >nanciero 14% intere an!al ore a
D'('C$-C$&Nedi>cio 20 ao
etan=!e 10 aoma=!inaria 10 aoe=!ipo de peca 10 aoe=!ipo tranporte 5 aoato operatio 5 ao
;-&('* ('*$D)-'* -. 7$cio 150000planta de conelacion 150000
0000
(&*taa imp!eto ore la renta 30%taa inacion eperada 8% an!al a partir del 2docoto >Ao @ ato adminitratio
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4441 4441 4441 44414.00 4.21 4.44 4.68
ldo
ao de operacione
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1981 1982 1983!atemala 3.2 3."" 4.1" 1".81% 10.61%el alador 3.18 3.5" 3.59 12.26% 0.56%ond!ra 2.99 2.81 3.24 6.02% 15.30%nicara!a 3.31 3.22 3.64 2."2% 13.04%
cota rica 2.55 2.29 2.52 10.20% 10.04%panama 3.48 3.48 3.61 0.00% 3."4%
1.86% 8.88%
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14.21%6.41%4.64%5.16%
0.08%1.8"%5.3"%
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-N-$*$* 7$N-NC$'(& B$&+-( $ND)*#($-
-CC 10.89%
-o 0 1(&D)CC$&N;'N#-*
prod!ccion 333300precio de enta in ete 3precio C$7 3.6T"TA) (' I&6#'%"% E 999,900.00
C&*#&*-*#&* D' &'(-C$?Ncotoato ariale E 416,625.00coto >Ao de prod!ccion E 20,000.00ato adminitratio E 100,000.00T"TA) (' 6A%T"% E 536,625.00
D'('C$-C$&Nedi>cio "500etan=!e 81600ma=!inaria 2"300e=!ipo de peca 18000e=!ipo tranporte 8000ato pre operatio 20000+a=!ina de conelaciFn 30000T"TA) ('4#'CIACI"&'% 192400
ato >nanciero 156240-morti/acione)-$ E 114,635.00$+)'*#&* E 34,390.50)tilidad Neta E 80,244.50amorti/acionedepreciacione E 192,400.007l!Ao de eGectio Q H1,093,000.00I E 2"2,644.50;-&('* ('*$D)-'* -. 7$
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;-N Q9,093.0 #$( 23.1 0.2351284134
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2 3 4 5 6
499950 666150 666150 666150 6661503 3 3 3 3.16
3.6 3.6 3.6 3.6 3."9 E 1,499,850.00 E 1,998,450.00 E 1,998,450.00 E 1,998,450.00 E 2,105,"66.""
E 6"4,932.50 E 9"1,246."0 E 1,048,946.44 E 1,132,862.15 E 1,223,491.12E 21,600.00 E 23,328.00 E 25,194.24 E 2",209."8 E 29,386.56E 108,000.00 E 116,640.00 E 125,9"1.20 E 136,048.90 E 146,932.81E 804,532.50 E 1,111,214."0 E 1,200,111.88 E 1,296,120.83 E 1,399,810.49
"500 "500 "500 "500 "50081600 81600 81600 81600 816002"300 2"300 2"300 2"300 2"30018000 18000 18000 18000 180008000 8000 8000 8000
20000 20000 20000 2000030000 30000 30000 30000 30000
192400 192400 192400 192400 164400
156240 156240 114,240 "2240
E 346,6"".50 E 538,595.30 E 491,698.12 E 43",689.1" E 541,556.2"E 104,003.25 E 161,5"8.59 E 14",509.44 E 131,306."5 E 162,466.88E 242,6"4.25 E 3"",016."1 E 344,188.69 E 306,382.42 E 3"9,089.39
300000 300000 516000 E 192,400.00 E 192,400.00 E 192,400.00 E 192,400.00 E 164,400.00E 435,0"4.25 E 269,416."1 E 236,588.69 E 1",21".58 E 543,489.39
E 435,0"4.25 E 269,416."1 E 236,588.69 E 1",21".58 E 543,489.39E "0","18."5 E 9"",135.46 E 1,213,"24.15 E 1,196,506.5" E 1,"39,995.96
E 1,213,"24.15
1.10 1.16 1.22 1.28 1.34 E 394,625.1" E 232,"32.28 E 194,642.10 E 13,490.42 E 405,560.15
1.23 1.36 1.51 1.68 1.86E 320,922.39 E 1"0,6"8."6 E 128,"26.29 E 8,045."0 E 218,122."6
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" 8 9 10
666150 666150 666150 6661503.33 3.51 3."0 3.904.00 4.21 4.44 4.68
E 2,218,846.44 E 2,33",998.49 E 2,463,549.01 E 2,595,841.60
E 1,321,3"0.41 E 1,42",080.05 E 1,541,246.45 E 1,664,546.1"E 31,"3".49 E 34,2"6.49 E 3",018.60 E 39,980.09E 158,68".43 E 1"1,382.43 E 185,093.02 E 199,900.46E 1,511,"95.33 E 1,632,"38.96 E 1,"63,358.0" E 1,904,426."2
"500 "500 "500 "50081600 81600 81600 816002"300 2"300 2"300 2"30018000 18000 18000 18000
30000 30000 30000 30000164400 164400 164400 164400
E 542,651.11 E 540,859.54 E 535,"90.94 E 52",014.8"E 162,"95.33 E 162,25".86 E 160,"3".28 E 158,104.46E 3"9,855."8 E 3"8,601.68 E 3"5,053.66 E 368,910.41
E 164,400.00 E 164,400.00 E 164,400.00 E 164,400.00E 544,255."8 E 543,001.68 E 539,453.66 E 533,310.41
804000 E 544,255."8 E 543,001.68 E 539,453.66 E 1,33",310.41E 2,284,251."4 E 2,82",253.41 E 3,366,"0".0" E 4,"04,01".48
1.41 1.48 1.55 1.63 E 386,"92.42 E 36",524.91 E 34","36.64 E 820,992.59
2.06 2.29 2.54 2.81E 18",599.32 E 160,"48."9 E 13",15".32 E 292,021.89
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2 3 4 5 61.35 1.458 1.5"464 1."006112 1.836660096
1.350 1.458 1.5"464 1."006112 1.8366601 Q 9"1,246."0 Q 1,048,946.44 Q 1,132,862.15 Q 1,223,491.12
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" 8 9 101.983592903" 2.142280336 2.313662"629 2.498"55"839
1.9835929 2.14228034 2.313662"6 2.498"55"8 Q 1,321,3"0.41 Q 1,42",080.05 Q 1,541,246.45 Q 1,664,546.1"
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-N-$*$* 7$N-NC$'(& B$&+-( $ND)*#($-
WACC 13.01%
-o 0 1(&D)CC$&N;'N#-*
prod!ccion 333300precio C$7 3.6T"TA) (' I&6#'%"% E 1,199,880.00
C&*#&*-*#&* D' &'(-C$?Ncotoato ariale E 416,625.00coto >Ao de prod!ccion E 20,000.00ato adminitratio E 100,000.00coto tranporte @ maneAo $nternacional E 199,980.00T"TA) (' 6A%T"% E "36,605.00
D'('C$-C$&Nedi>cio "500etan=!e 81600ma=!inaria 2"300e=!ipo de peca 18000e=!ipo tranporte 8000ato pre operatio 20000+a=!ina de conelaciFn 30000T"TA) ('4#'CIACI"&'% 192400
ato >nanciero 156240-morti/acione)-$ E 114,635.00$+)'*#&* E 34,390.50
)tilidad Neta E 80,244.507l!Ao de eGectio Q H1,093,000.00I E 2"2,644.50;-&('* ('*$D)-'* -. 7$
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2 3 4 5 6
499950 666150 666150 666150 6661503.6 3.6 3.6 3.6 3."9
E 1,"99,820.00 E 2,398,140.00 E 2,398,140.00 E 2,398,140.00 E 2,526,920.12
E 6"4,932.50 E 9"1,246."0 E 1,048,946.44 E 1,132,862.15 E 1,223,491.12E 21,600.00 E 23,328.00 E 25,194.24 E 2",209."8 E 29,386.56E 108,000.00 E 116,640.00 E 125,9"1.20 E 136,048.90 E 146,932.81E 299,9"0.00 E 399,690.00 E 399,690.00 E 399,690.00 E 421,153.35E 1,104,502.50 E 1,510,904."0 E 1,599,801.88 E 1,695,810.83 E 1,820,963.85
"500 "500 "500 "500 "50081600 81600 81600 81600 816002"300 2"300 2"300 2"300 2"30018000 18000 18000 18000 180008000 8000 8000 8000
20000 20000 20000 2000030000 30000 30000 30000 30000
192400 192400 192400 192400 164400
156240 156240 114,240 "2240300000 300000 516000
E 346,6"".50 E 238,595.30 E 191,698.12 E "8,310.83 E 541,556.2"E 104,003.25 E "1,5"8.59 E 5",509.44 E 23,493.25 E 162,466.88
E 242,6"4.25 E 16",016."1 E 134,188.69 E 54,81".58 E 3"9,089.39E 435,0"4.25 E 359,416."1 E 326,588.69 E 13",582.42 E 543,489.39
E 435,0"4.25 E 359,416."1 E 326,588.69 E 13",582.42 E 543,489.39
1.10 1.16 1.22 1.28 1.34 E 394,625.1" E 310,4"".6" E 268,685.32 E 10","99.43 E 405,560.15
1.28 1.44 1.63 1.84 2.08E 308,992.45 E 215,11".13 E 164,"29.02 E 58,482.26 E 194,690.40
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" 8 9 10
666150 666150 666150 6661504.00 4.21 4.44 4.68
E 2,662,615."3 E 2,805,598.19 E 2,956,258.82 E 3,115,009.91
E 1,321,3"0.41 E 1,42",080.05 E 1,541,246.45 E 1,664,546.1"E 31,"3".49 E 34,2"6.49 E 3",018.60 E 39,980.09E 158,68".43 E 1"1,382.43 E 185,093.02 E 199,900.46E 421,153.35 E 421,153.35 E 421,153.35 E 421,153.35E 1,932,948.68 E 2,053,892.31 E 2,184,511.43 E 2,325,580.0"
"500 "500 "500 "50081600 81600 81600 816002"300 2"300 2"300 2"30018000 18000 18000 18000
30000 30000 30000 30000164400 164400 164400 164400
E 565,26".04 E 58",305.88 E 60",34".39 E 625,029.84E 169,580.11 E 1"6,191."6 E 182,204.22 E 18",508.95
E 395,686.93 E 411,114.12 E 425,143.1" E 43",520.89E 560,086.93 E 5"5,514.12 E 589,543.1" E 601,920.89
804000 E 560,086.93 E 5"5,514.12 E 589,543.1" E 1,405,920.89
1.41 1.48 1.55 1.63 E 398,043.32 E 389,530.61 E 380,024."8 E 863,113.4"
2.35 2.66 3.01 3.40E 169,083.46 E 146,41".82 E 126,399.63 E 254,029.01
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2 3 4 5 61.35 1.458 1.5"464 1."006112 1.836660096
1.350 1.458 1.5"464 1."006112 1.8366601 Q 9"1,246."0 Q 1,048,946.44 Q 1,132,862.15 Q 1,223,491.12
1.450
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" 8 9 101.983592903" 2.142280336 2.313662"629 2.498"55"839
1.9835929 2.14228034 2.313662"6 2.498"55"8 Q 1,321,3"0.41 Q 1,42",080.05 Q 1,541,246.45 Q 1,664,546.1"