Ml de Analisis Financiero Grupo

5/23/2018 Ml de Analisis Financiero Grupo

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ANALISIS VERTICAL

ACTIVO 1996 % 1997 % 1998 %

ACTIVO CORRIENTE

CAJA-BANCOS 788,275.00 5.41% 224,069.00 1.29% 430,951.00 2.62%CTAS.POR COBRAR COMERCIALES 3,664,103.00 25.16% 3,365,252.00 19.37% 3,157,010.00 19.18%

PROV.CTA.COBRANZA DUDOSA 0.00 0.00% 0.00 0.00% 0.00 0.00%

Subtotal Neto Ctas por Cobrar Com. 3,664,103.00 25.16% 3,365,252.00 19.37% 3,157,010.00 19.18%

OTRAS CTAS.POR COBRAR 1,194,501.00 8.20% 998,507.00 5.75% 1,864,853.00 11.33%

CTAS POR COBRAR AFILIADAS 881,064.00 6.05% 765,859.00 4.41% 1,762,927.00 10.71%

PROD.TERM.Y MERCADERIA 6,745,506.00 46.32% 9,382,605.00 54.02% 4,819,442.00 29.28%

EXISTENCIAS POR RECIBIR 0.00 0.00% 0.00 0.00% 268,835.00 1.63%

Subtotal Existencias 6,745,506.00 46.32% 9,382,605.00 54.02% 5,088,277.00 30.91%

GASTOS ANTICIPADOS 482,032.00 3.31% 1,076,373.00 6.20% 1,120,091.00 6.81%

TOTAL ACTIVO CORRIENTE 13,755,481.00 94.47% 15,812,665.00 91.04% 13,424,109.00 81.56%

ACTIVO NO CORRIENTE

INTERESES X DEVENGAR EN EL L. P. 0.00 0.00% 0.00 0.00% 0.00 0.00%

VALORES 163,548.00 1.12% 751,080.00 4.32% 0.00 0.00%

INM.MAQ.Y EQUIPOS 787,716.00 5.41% 976,488.00 5.62% 3,173,890.00 19.28%

(-)DEPREC.ACUMULADA (145,389.00) -1.00% (180,282.00) -1.04% (225,353.00) -1.37%INM. MAQ y EQUIPO NETO 642,327.00 4.41% 796,206.00 4.58% 2,948,537.00 17.91%

INTANGIBLES 0.00 0.00% 9,461.00 0.05% 86,448.00 0.53%

CARGAS DIFERIDAS 0.00 0.00% 0.00 0.00% 0.00 0.00%

TOTAL ACTIVO NO CORRIENTE 805,875.00 5.53% 1,556,747.00 8.96% 3,034,985.00 18.44%

TOTAL ACTIVO 14,561,356.00 100.00% 17,369,412.00 100.00% 16,459,094.00 100.00%

ANALISIS VERTICAL

PASIVO 1996 % 1997 % 1998 %

PASIVO CORRIENTE

SOBREGIRO BANCARIO 194,097.00 1.33% 0.00 0.00% 576,059.00 3.50%

TRIBUTOS POR PAGAR 0.00 0.00% 0.00 0.00% 160,260.00 0.97%

REMUNERAC.Y PARTIC.P.PAGAR 0.00 0.00% 0.00 0.00% 34,629.00 0.21%

CTAS.POR PAGAR COMERCIALES 9,296,839.00 63.85% 11,275,093.00 64.91% 8,895,958.00 54.05%

CTAS POR PAGAR AFILIADAS 2,495,175.00 17.14% 2,229,200.00 12.83% 1,594,861.00 9.69%

OTRAS CTAS.POR PAGAR 973,633.00 6.69% 2,227,420.00 12.82% 1,453,610.00 8.83%

TOTAL PASIVO CORRIENTE 12,959,744.00 89.00% 15,731,713.00 90.57% 12,715,377.00 77.25%

PASIVO NO CORRIENTE

OTRAS CTAS.POR PAGAR 0.00 0.00% 0.00 0.00% 8,029,754.00 48.79%

BENEFICIOS SOCIALES 310,181.00 2.13% 320,346.00 1.84% 313,084.00 1.90%

TOTAL PASIVO NO CORRIENTE 310,181.00 2.13% 320,346.00 1.84% 8,342,838.00 50.69%

TOTAL PASIVO 13,269,925.00 91.13% 16,052,059.00 92.42% 21,058,215.00 127.94%

CAPITAL y PATRIMONIO CAPITAL SOCIAL 1,177,654.00 8.09% 1,177,654.00 6.78% 1,254,201.00 7.62%

CAPITAL ADICIONAL 0.00% 0.00% 408,617.00 2.48%

EXCEDENTE DE REVALUACION 0.00% 0.00% 865,844.00 5.26%

RESERVA 51,436.00 0.35% 51,436.00 0.30% 54,779.00 0.33%

RESULT.ACUMULADOS 8.00 0.00% 62,341.00 0.36% 88,263.00 0.54%

RESULT.DEL PERIODO 62,333.00 0.43% 25,922.00 0.15% (7,270,825.00) -44.18%

PATRIMONIO NETO 1,291,431.00 8.87% 1,317,353.00 7.58% (4,599,121.00) -27.94%

TOTAL PASIVO Y PATRIMONIO 14,561,356.00 100.00% 17,369,412.00 100.00% 16,459,094.00 100.00%

BALANC


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ANALISIS HORIZONTAL

ACTIVO 1996 % 1997 % 1998 %ACTIVO CORRIENTE

CAJA-BANCOS 788,275.00 -71.57% 224,069.00 92.33% 430,951.00 41.16%

CTAS.POR COBRAR COMERCIALES 3,664,103.00 -8.16% 3,365,252.00 -6.19% 3,157,010.00 -51.95%

PROV.CTA.COBRANZA DUDOSA 0.00 0.00 0.00% 0.00 0.00%

Subtotal Neto Ctas por Cobrar Com. 3,664,103.00 -8.16% 3,365,252.00 -6.19% 3,157,010.00 -51.95%

OTRAS CTAS.POR COBRAR 1,194,501.00 -16.41% 998,507.00 86.76% 1,864,853.00 -97.32%

CTAS POR COBRAR AFILIADAS 881,064.00 -13.08% 765,859.00 130.19% 1,762,927.00 -91.39%

PROD.TERM.Y MERCADERIA 6,745,506.00 39.09% 9,382,605.00 -48.63% 4,819,442.00 -50.26%


Subtotal Existencias 6,745,506.00 39.09% 9,382,605.00 -45.77% 5,088,277.00 -52.89%

GASTOS ANTICIPADOS 482,032.00 123.30% 1,076,373.00 4.06% 1,120,091.00 -53.74%

TOTAL ACTIVO CORRIENTE 13,755,481.00 14.96% 15,812,665.00 -15.11% 13,424,109.00 -60.95%

ACTIVO NO CORRIENTE

INTERESES X DEVENGAR EN EL L. P. 0.00 0.00% 0.00 0.00% 0.00 0.00%VALORES 163,548.00 359.24% 751,080.00 -100.00% 0.00 0.00%

INM.MAQ.Y EQUIPOS 787,716.00 23.96% 976,488.00 225.03% 3,173,890.00 20.18%

(-)DEPREC.ACUMULADA (145,389.00) 0.00% (180,282.00) 0.00% (225,353.00) 0.00%

INM. MAQ y EQUIPO NETO 642,327.00 23.96% 796,206.00 270.32% 2,948,537.00 21.09%

INTANGIBLES 0.00 0.00% 9,461.00 813.73% 86,448.00 -100.00%



TOTAL ACTIVO 14,561,356.00 19.28% 17,369,412.00 -5.24% 16,459,094.00 -46.46%

ANALISIS HORIZONTAL

PASIVO 1996 % 1997 % 1998 %

PASIVO CORRIENTE

SOBREGIRO BANCARIO 194,097.00 -100.00% 0.00 0.00% 576,059.00 0.00%



CTAS.POR PAGAR 9,296,839.00 21.28% 11,275,093.00 -21.10% 8,895,958.00 -51.50%

CTAS POR PAGAR AFILIADAS 2,495,175.00 -10.66% 2,229,200.00 -28.46% 1,594,861.00 80.36%

OTRAS CTAS.POR PAGAR 973,633.00 128.77% 2,227,420.00 -34.74% 1,453,610.00 -72.60%

TOTAL PASIVO CORRIENTE 12,959,744.00 21.39% 15,731,713.00 -19.17% 12,715,377.00 -38.63%

PASIVO NO CORRIENTE


BENEFICIOS SOCIALES 310,181.00 3.28% 320,346.00 -2.27% 313,084.00 -3.00%

TOTAL PASIVO NO CORRIENTE 310,181.00 3.28% 320,346.00 2504.32% 8,342,838.00 -19.36%

TOTAL PASIVO 13,269,925.00 20.97% 16,052,059.00 31.19% 21,058,215.00 -30.99%

CAPITAL y PATRIMONIO

CAPITAL SOCIAL 1,177,654.00 0.00% 1,177,654.00 6.50% 1,254,201.00 13.12%

CAPITAL ADICIONAL 0.00 0.00% 0.00 0.00% 408,617.00 0.00%

EXCEDENTE DE REVALUACION 0.00 0.00% 0.00 0.00% 865,844.00 0.00%

RESERVA 51,436.00 0.00% 51,436.00 6.50% 54,779.00 0.00%

RESULT.ACUMULADOS 8.00 779162.50% 62,341.00 41.58% 88,263.00 -8237.68%

RESULT.DEL PERIODO 62,333.00 0.00% 25,922.00 0.00% (7,270,825.00) 0.00%

PATRIMONIO NETO 1,291,431.00 2.01% 1,317,353.00 -449.12% (4,599,121.00) 24.35%

TOTAL PASIVO Y PATRIMONIO 14,561,356.00 19.28% 17,369,412.00 -5.24% 16,459,094.00 -46.46%

BALANCE


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ANALISIS EVOLUTIVO

ACTIVO 1996 % 1997 % 1998 %ACTIVO CORRIENTE

CAJA-BANCOS 788,275.00 -71.57% 224,069.00 -45.33% 430,951.00 171.48%

CTAS.POR COBRAR COMERCIALES 3,664,103.00 -8.16% 3,365,252.00 -13.84% 3,157,010.00 -54.92%

PROV.CTA.COBRANZA DUDOSA 0.00 0.00% 0.00 0.00% 0.00 0.00%

Subtotal Neto Ctas por Cobrar Com. 3,664,103.00 -8.16% 3,365,252.00 -13.84% 3,157,010.00 -54.92%

OTRAS CTAS.POR COBRAR 1,194,501.00 -16.41% 998,507.00 56.12% 1,864,853.00 -94.99%

CTAS POR COBRAR AFILIADAS 881,064.00 -13.08% 765,859.00 100.09% 1,762,927.00 -80.19%

PROD.TERM.Y MERCADERIA 6,745,506.00 39.09% 9,382,605.00 -28.55% 4,819,442.00 -74.45%


Subtotal Existencias 6,745,506.00 39.09% 9,382,605.00 -24.57% 5,088,277.00 -74.45%

GASTOS ANTICIPADOS 482,032.00 123.30% 1,076,373.00 132.37% 1,120,091.00 -51.86%

TOTAL ACTIVO CORRIENTE 13,755,481.00 14.96% 15,812,665.00 -2.41% 13,424,109.00 -66.85%

ACTIVO NO CORRIENTE

INTERESES X DEVENGAR EN EL L. P. 0.00 0.00% 0.00 0.00% 0.00 0.00%

VALORES 163,548.00 359.24% 751,080.00 -100.00% 0.00 -100.00%INM.MAQ.Y EQUIPOS 787,716.00 23.96% 976,488.00 302.92% 3,173,890.00 290.62%

(-)DEPREC.ACUMULADA (145,389.00) 0.00% (180,282.00) 0.00% (225,353.00) 0.00%

INM. MAQ y EQUIPO NETO 642,327.00 23.96% 796,206.00 359.04% 2,948,537.00 348.41%

INTANGIBLES 0.00 0.00% 9,461.00 0.00% 86,448.00 0.00%



TOTAL ACTIVO 14,561,356.00 19.28% 17,369,412.00 13.03% 16,459,094.00 -49.26%

ANALISIS EVOLUTIVO

PASIVO 1996 % 1997 % 1998 %

PASIVO CORRIENTE

SOBREGIRO BANCARIO 194,097.00 -100.00% 0.00 196.79% 576,059.00 0.00%



CTAS.POR PAGAR 9,296,839.00 21.28% 11,275,093.00 -4.31% 8,895,958.00 -61.73%

CTAS POR PAGAR AFILIADAS 2,495,175.00 -10.66% 2,229,200.00 -36.08% 1,594,861.00 29.03%

OTRAS CTAS.POR PAGAR 973,633.00 128.77% 2,227,420.00 49.30% 1,453,610.00 -82.12%

TOTAL PASIVO CORRIENTE 12,959,744.00 21.39% 15,731,713.00 -1.89% 12,715,377.00 -50.39%

PASIVO NO CORRIENTE


BENEFICIOS SOCIALES 310,181.00 3.28% 320,346.00 0.94% 313,084.00 -5.20%

TOTAL PASIVO NO CORRIENTE 310,181.00 3.28% 320,346.00 2589.67% 8,342,838.00 2000.07%

TOTAL PASIVO 13,269,925.00 20.97% 16,052,059.00 58.69% 21,058,215.00 -9.47%

CAPITAL y PATRIMONIO

CAPITAL SOCIAL 1,177,654.00 0.00% 1,177,654.00 6.50% 1,254,201.00 20.47%

CAPITAL ADICIONAL 0.00 0.00% 0.00 0.00% 408,617.00 0.00%

EXCEDENTE DE REVALUACION 0.00 0.00% 0.00 0.00% 865,844.00 0.00%

RESERVA 51,436.00 0.00% 51,436.00 6.50% 54,779.00 6.50%

RESULT.ACUMULADOS 8.00 779162.50% 62,341.00 1103187.50% 88,263.00 -11621.41%

RESULT.DEL PERIODO 62,333.00 0.00% 25,922.00 0.00% (7,270,825.00) 0.00%

PATRIMONIO NETO 1,291,431.00 2.01% 1,317,353.00 -456.13% (4,599,121.00) -534.11%

TOTAL PASIVO Y PATRIMONIO 14,561,356.00 19.28% 17,369,412.00 13.03% 16,459,094.00 -49.26%

BALANCE


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ANALISIS VERTICAL

DETALLE 1996 % 1997 % 1998 %

VENTAS 26,105,526.00 100.00% 31,261,149.00 100.00% 33,870,102.00 101.40%

DEVOLUC., DESCTOS y REBAJAS CONCEDIDAS 0.00 0.00% 0.00 0.00% (467,832.00) -1.40%VENTAS NETAS 26,105,526.00 100.00% 31,261,149.00 100.00% 33,402,270.00 100.00%

COSTO DE VENTAS (21,120,432.00) -80.90% (24,992,081.00) -79.95% (29,312,565.00) -87.76

UTILIDAD BRUTA 4,985,094.00 19.10% 6,269,068.00 20.05% 4,089,705.00 12.24%

GASTOS DE ADMINISTRACION (1,251,302.00) -4.79% (1,434,741.00) -4.59% (1,673,540.00) -5.01

GASTOS DE VENTAS (4,089,480.00) -15.67% (4,451,181.00) -14.24% (3,609,892.00) -10.81

Subtotal Gastos Operativos (5,340,782.00) -20.46% (5,885,922.00) -18.83% (5,283,432.00) -15.82

UTILIDAD OPERATIVA (355,688.00) -1.36% 383,146.00 1.23% (1,193,727.00) -3.57%

GASTOS FINANCIEROS (1,031,985.00) -3.95% (1,594,950.00) -5.10% (4,824,384.00) -14.44

INGRESOS FINANCIEROS 752,902.00 2.88% 578,908.00 1.85% 1,348,665.00 4.04%

GASTOS VARIOS 0.00 0.00% 0.00 0.00% (494,486.00) -1.48%

INGRESOS VARIOS 355,304.00 1.36% 1,387,900.00 4.44% 820,334.00 2.46%

Subtotal Otros Ingresos y Gastos 76,221.00 0.29% 371,858.00 1.19% (3,149,871.00) -9.43%

Resultado antes del REI (279,467.00) -1.07% 755,004.00 2.42% (4,343,598.00) -13.00%

REI 608,844.00 2.33% (659,586.00) -2.11% (2,927,227.00) -8.76%UTILIDAD ANTES DE IMPUESTOS 329,377.00 1.26% 95,418.00 0.31% (7,270,825.00) -21.77%

PARTICIPACION LABORAL UTILIDADES (20,796.00) -0.08% (7,633.00) -0.02% 0.00 0.00%

SALDO UTILIDAD ANTES DE IMPUESTOS 308,581.00 1.18% 87,785.00 0.28% (7,270,825.00) -21.77%

RESERVA LEGAL 0.00 0.00% 0.00 0.00% 0.00 0.00%

IMPTO A LA RTA 3A CAT (246,248.00) -0.94% (61,863.00) -0.20% 0.00 0.00%

UTILIDAD (PERDIDA) NETA 62,333.00 0.24% 25,922.00 0.08% (7,270,825.00) -21.77%

ESTADO DE PERD

ESTADO DE PERDID


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ANALISIS HORIZONTAL

DETALLE 1996 % 1997 % 1998 %

VENTAS 26,105,526.00 19.75 31,261,149.00 8.35 33,870,102.00 7

DEVOLUC., DESCTOS y REBAJAS CONCEDIDAS 0.00 0.00 0.00 0.00 (467,832.00) 0

VENTAS NETAS 26,105,526.00 19.75 31,261,149.00 6.85 33,402,270.00 9

COSTO DE VENTAS (21,120,432.00) 18.33 (24,992,081.00) 17.29 (29,312,565.00) (1

UTILIDAD BRUTA 4,985,094.00 25.76 6,269,068.00 (34.76) 4,089,705.00 86

GASTOS DE ADMINISTRACION (1,251,302.00) 14.66 (1,434,741.00) 16.64 (1,673,540.00) (2

GASTOS DE VENTAS (4,089,480.00) 8.84 (4,451,181.00) (18.90) (3,609,892.00) (14

Subtotal Gastos Operativos (5,340,782.00) 10.21 (5,885,922.00) (10.24) (5,283,432.00) (10

UTILIDAD OPERATIVA (355,688.00) (207.72) 383,146.00 (411.56) (1,193,727.00) (344

GASTOS FINANCIEROS (1,031,985.00) 54.55 (1,594,950.00) 202.48 (4,824,384.00) (51

INGRESOS FINANCIEROS 752,902.00 (23.11) 578,908.00 132.97 1,348,665.00 (100

GASTOS VARIOS 0.00 0.00 0.00 0.00 (494,486.00) 0

INGRESOS VARIOS 355,304.00 290.62 1,387,900.00 (40.89) 820,334.00 (26

Subtotal Otros Ingresos y Gastos 76,221.00 387.87 371,858.00 (947.06) (3,149,871.00) (7

Resultado antes del REI (279,467.00) (370.16) 755,004.00 (675.31) (4,343,598.00) (99

REI 608,844.00 (208.33) (659,586.00) 343.80 (2,927,227.00) (100

UTILIDAD ANTES DE IMPUESTOS 329,377.00 (71.03) 95,418.00 (7,719.97) (7,270,825.00) (99

PARTICIPACION LABORAL UTILIDADES (20,796.00) (63.30) (7,633.00) (100.00) 0.00 0

SALDO UTILIDAD ANTES DE IMPUESTOS 350,173.00 (74.93) 87,785.00 (8,382.54) (7,270,825.00) (99

RESERVA LEGAL 0.00 0.00 0.00

IMPTO A LA RTA 3A CAT (246,248.00) (74.88) (61,863.00) (100.00) 0.00 0

UTILIDAD (PERDIDA) NETA 62,333.00 (58.41) 25,922.00 (28,148.86) (7,270,825.00) (99

ESTADO DE PERDI


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ANALISIS EVOLUTIVO

DETALLE 1996 % 1997 % 1998 %VENTAS 26,105,526.00 19.75 31,261,149.00 29.74 33,870,102.00

DEVOLUC., DESCTOS y REBAJAS CONCEDIDAS 0.00 0.00 0.00 0.00 (467,832.00)

VENTAS NETAS 26,105,526.00 19.75 31,261,149.00 27.95 33,402,270.00

COSTO DE VENTAS (21,120,432.00) 18.33 (24,992,081.00) 38.79 (29,312,565.00)

UTILIDAD BRUTA 4,985,094.00 25.76 6,269,068.00 (17.96) 4,089,705.00

GASTOS DE ADMINISTRACION (1,251,302.00) 14.66 (1,434,741.00) 33.74 (1,673,540.00)

GASTOS DE VENTAS (4,089,480.00) 8.84 (4,451,181.00) (11.73) (3,609,892.00) (

Subtotal Gastos Operativos (5,340,782.00) 10.21 (5,885,922.00) (1.07) (5,283,432.00) (

UTILIDAD OPERATIVA (355,688.00) (207.72) 383,146.00 235.61 (1,193,727.00) (9

GASTOS FINANCIEROS (1,031,985.00) 54.55 (1,594,950.00) 367.49 (4,824,384.00) 1

INGRESOS FINANCIEROS 752,902.00 (23.11) 578,908.00 79.13 1,348,665.00 (1

GASTOS VARIOS 0.00 0.00 0.00 0.00 (494,486.00)

INGRESOS VARIOS 355,304.00 290.62 1,387,900.00 130.88 820,334.00

Subtotal Otros Ingresos y Gastos 76,221.00 387.87 371,858.00 (4,232.55) (3,149,871.00) (3,9

Resultado antes del REI (279,467.00) (370.16) 755,004.00 1,454.24 (4,343,598.00) (

REI 608,844.00 (208.33) (659,586.00) (580.78) (2,927,227.00) (1

UTILIDAD ANTES DE IMPUESTOS 329,377.00 (71.03) 95,418.00 (2,307.45) (7,270,825.00) (1

PARTICIPACION LABORAL UTILIDADES (20,796.00) (63.30) (7,633.00) (100.00) 0.00 (1

SALDO UTILIDAD ANTES DE IMPUESTOS 350,173.00 (74.93) 87,785.00 (2,176.35) (7,270,825.00) (1

RESERVA LEGAL 0.00 0.00 0.00 0.00 0.00

IMPTO A LA RTA 3A CAT (246,248.00) (74.88) (61,863.00) (100.00) 0.00 (1

UTILIDAD (PERDIDA) NETA 62,333.00 (58.41) 25,922.00 (11,764.49) (7,270,825.00) (1


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ANALISIS DE RATIOS

RATIOS DE LIQUIDEZ1996 1997 1998

LIQUIDEZ CORRIENTE o GENERAL 1.02 0.94 0.97

ACT CTE - GTOS PAG x ANTICIPADO 13,273,449.00 14,736,292.00 12,304,018.00

PASIVO CORRIENTE 12,959,744.00 15,731,713.00 12,715,377.00

LIQUIDEZ ACIDA 0.50 0.34 0.57

ACT CTE - GTOS PAG x ANT - EXISTENCIAS 6,527,943.00 5,353,687.00 7,215,741.00


LIQUIDEZ SEVERA 0.22 0.13 0.32

ACT CTE - GTOS PAG x ANT - EXISTENCIAS- CT 2,863,840.00 1,988,435.00 4,058,731.00


MARGEN DE SEGURIDAD 0.02 (0.06) (0.03)

CAPITAL DE TRABAJO 313,705.00 (995,421.00) (411,359.00)


(0.60)

(0.40)

(0.20)

0.00

0.20

0.40

0.60

0.80

1.00

1.20

1996 1997 1998 1999 2000 2001 2002 200

RATIOS DE LIQUIDEZ

LIQUIDEZ CORRIENTE o GENERAL LIQUIDEZ ACIDA LIQUIDEZ SEVERA MARGEN DE SE


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RATIOS DE GESTION1996 1997 1998

ROTACION CUENTAS POR COBRAR 51 39 34

ds ds ds

VENTAS NETAS 26,105,526.00 31,261,149.00 33,870,102.00PROMEDIO DE CUENTAS POR COBRAR 3,664,103.00 3,365,252.00 3,157,010.00

ROTACION DE INVENTARIOS 115 135 62

ds ds ds

COSTO DE VENTAS 21,120,432.00 24,992,081.00 29,312,565.00

PROM INVENTARIOS 6,745,506.00 9,382,605.00 5,088,277.00

ROTACION CUENTAS POR PAGAR 123 113 123

ds ds ds

22,865,938.00 27,629,180.00 24,749,402.00

PROMEDIO DE CUENTAS POR PAGAR 7,812,469.75 8,643,668.91 8,475,231.51

CICLO EFECTIVO

TIEMPO CAPITAL INMOVILIZADO 166 174 96CUENTAS POR PAGAR 123 113 123

CICLO (42.51) (61.28) 27.23

COMPRAS

0

20

40

60

80100

120

140

160

180

1996 1997 1998 1999 2000 2001 2002

RATIOS DE GESTION

ROTACION CUENTAS POR COBRAR ROTACION DE INVENTARIOS TIEMPO CAPITAL INMOVILIZADO


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RATIOS DE ENDEUDAMIENTO1996 1997 1998

DEPENDENCIA FINANCIERA 91.13% 92.42% 127.94%

PASIVO CTE + PASIVO NO CTE 13,269,925.00 16,052,059.00 21,058,215.00

ACTIVO TOTAL (NETO) 14,561,356.00 17,369,412.00 16,459,094.00

ENDEUDAMIENTO EN EL LARGO PLAZO 11.00% 9.43% 22.75%

PASIVO NO CTE + PATRIMONIO (NETO) 1,601,612.00 1,637,699.00 3,743,717.00

ACTIVO TOTAL (NETO) 14,561,356.00 17,369,412.00 16,459,094.00

ENDEUDAMIENTO PATRIMONIAL 1027.54% 1218.51% -457.87%

PASIVO CTE - PASIVO NO CTE 13,269,925.00 16,052,059.00 21,058,215.00

PATRIMONIO NETO 1,291,431.00 1,317,353.00 (4,599,121.00)

-50.00%

0.00%

50.00%

100.00%

150.00%

200.00%

1996 1997 1998 1999 2000 2001 2002 2003

RATIOS DE ENDEUDAMIENTO

DEPENDENCIA FINANCIERA ENDEUDAMIENTO EN EL LARGO PLAZO

-2000.00

0.00

2000.00

4000.00

6000.00

8000.00

10000.00

12000.00


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RATIOS DE RENTABILIDAD 1996 1997 1998

COSTO DE VENTAS 80.90% 79.95% 86.54%

COSTO VENTAS 21,120,432.00 24,992,081.00 29,312,565.00

VENTAS NETAS 26,105,526.00 31,261,149.00 33,870,102.00

GASTOS OPERATIVOS 20.46% 18.83% 15.60%

GASTOS OPERATIVOS 5,340,782.00 5,885,922.00 5,283,432.00

VENTAS NETAS 26,105,526.00 31,261,149.00 33,870,102.00

GASTOS FINANCIEROS 3.95% 5.10% 14.24%

GASTOS FINANCIEROS 1,031,985.00 1,594,950.00 4,824,384.00

VENTAS NETAS 26,105,526.00 31,261,149.00 33,870,102.00

COSTOS TOTALES 105.32% 103.88% 116.39%

COSTO VENTA + GTOS OPERAT + GTOS FINAN 27,493,199.00 32,472,953.00 39,420,381.00

VENTAS NETAS 26,105,526.00 31,261,149.00 33,870,102.00

UTILIDAD OPERATIVA/CAPITAL (ROE) -27.54% 29.08% 25.96%

UTILIDAD OPERATIVA (355,688.00) 383,146.00 (1,193,727.00)CAPITAL CONTABLE (PATRIMONIO) 1,291,431.00 1,317,353.00 (4,599,121.00)

UTILIDAD NETA / ACTIVO FIJO (ROA) 9.70% 3.26% -246.59%

UTILIDAD NETA 62,333.00 25,922.00 (7,270,825.00)

ACTIVO FIJO 642,327.00 796,206.00 2,948,537.00

-500.00%

0.00%

500.00%

1000.00%

1500.00%

2000.00%

2500.00%

3000.00%3500.00%

4000.00%

4500.00%

1996 1997 1998 1999 2000

RATIOS DE RENTABILI

COSTO DE VENTAS GASTOS OPERATIVOS

COSTOS TOTALES UTILIDAD OPERATIVA/CAPITAL (ROE)


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Flujo de efectivoAntes del Inicio

EST DIC 1999 DIC

Efectivo Disponible(a principio del mes) 430,951 485,730

RECIBOS DE EFECTIVO

Ventas 39,661,488

Cobranza de cuentas por cobrar comerciales 3,157,010 1,517,098

Cobranza de cuentas por cobrar afiliadas 1,762,927 151,710

Crditos/ otros ingresos en efectivo 1,864,853 50,000 3,584,944 50,000

TOTAL DE INGRESOS DE EFECTIVO 6,784,790 43,246,432

Efectivo Total Disponible(antes de los retiros) 7,215,741 43,732,162

EFECTIVO PAGADO

Ctas por pagar Comerciales 8,895,958 1,438,209 21,839,841 1,509,064

Ctas por pagar Afiliadas 1,594,861 958,806 10,224,116 1,006,043

Remuneraciones y Particip. 34,629 33,590 403,082 33,590

Beneficios Sociales 313,084 303,691 303,691 303,691

Gastos Administ 95,310 1,143,725 97,070

Gastos Vtas 240,237 2,882,849 249,279

Impuestos 180,863 2,170,355 133,434

Intereses 62,810 753,718 62,810

Otros cuentas por pagar cte (muebles, intangibles, etc) 1,453,610 1,162,888 87,217

Sobregiro bancario 576,059 578,858.45

Otros cuentas x pagar LP 8,029,754 1,605,951

SUBTOTAL 20,897,955 43,069,074

Capital Adicional 408,617

Reserva y/o en depsito 54,779 54,779

TOTAL DE EFECTIVO PAGADO 43,123,853

Posicin de Efectivo (final ao) 608,310

DATOS OPERATIVOS ESENCIALES (no es informacin del flujo de efectivo)

Incremento ventas 7.5%

Volumen de ventas (dlares) 33,870,102 36,410,360

Vta Comerciales (al contado) 30% 10,923,108 30%

Cuentas por cobrar Comerciales (cdto. 30 dias) 50% 18,205,180 50%

Vta Afiliadas (al contado) 10% 3,641,036 10%

Cuentas por Cobrar Afiliadas (cdto. 15 dias) 10% 3,641,036 10%

Costo de Ventas (80% vtas netas) 79% 28,764,184 78.2%

Compra Comercial 90 das 60% 17,258,510 60%

Compra Afiliadas 90 das 40% 11,505,674 40%


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Inventario disponible 5,088,277 2,397,015

Inventario disponible (eom) 4,819,442

Existencias por recibir 268,835

Gastos Anticipados 1,120,091

Compras Netas 26,072,922

Gastos Administ 5% 1,638,466 4%

Gastos Vtas 9% 3,094,881 8%

Gastos Finanieros 3,768,589

Conformacin de Activos % Particip. %

Deprec.

Edificaciones 80% 5%

Muebles 6% 10%

Carros 4% 20%

Equipos 10% 10%

Total 100% 6%

Participacin de Trabajadores Emp. Comercial 8%


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Computadoras

2000 DIC 2001 DIC 2002 DIC 2003

663,089 60,493 217,273 299,538

38,494,853 40,804,544 43,057,639 45,631,721

1,608,124 1,704,612 1,798,365 1,906,267

160,812 170,461 179,837 190,627

600,000 60,000 720,000 60,000 720,000 60,000 720,000

39,094,853 41,524,544 43,777,639 46,351,721

39,757,941 41,585,037 43,994,911 46,651,259

17,896,202 1,585,289 18,794,791 1,672,480 19,808,184 1,772,829 20,972,896

11,930,801 1,056,859 12,529,861 1,114,986 13,205,456 1,181,886 13,981,931

403,082 31,911 442,485 31,911 538,621 31,911 567,209

303,691 288,507 288,507 288,507 288,507 288,507 288,507

1,164,843 100,611 1,207,334 108,299 1,299,587 113,334 1,360,012

2,991,352 259,361 3,112,335 274,549 3,294,592 288,217 3,458,603

1,601,211 167,069 2,004,823 199,866 2,398,390 220,044 2,640,526

753,718 62,810 753,718 62,810 753,718 62,810 753,718

1,046,599 627,960 502,368 150,710 452,131

1,605,951 1,605,951 1,605,951 1,605,951

39,697,449 41,367,764 43,695,374 46,081,484

54,779 54,779 54,779 54,779

39,752,228 41,422,543 43,750,153 46,136,263

5,714 162,494 244,759 514,996

6.0% 6.0% 5.5% 6.0%

38,594,981 40,910,680 43,160,768 45,750,414

11,578,494 30% 12,273,204 30% 12,948,230 30% 13,725,124

19,297,491 50% 20,455,340 50% 21,580,384 50% 22,875,207

3,859,498 10% 4,091,068 10% 4,316,077 10% 4,575,041

3,859,498 10% 4,091,068 10% 4,316,077 10% 4,575,041

30,181,275 77.5% 31,705,777 77.5% 33,449,595 77.5% 35,456,571

18,108,765 60% 19,023,466 60% 20,069,757 60% 21,273,942

12,072,510 40% 12,682,311 40% 13,379,838 40% 14,182,628

Notas sobre la Prepa


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2,515,106 2,642,148 3,252,044 3,742,638

30,299,366 31,832,819 34,059,491 35,947,165

1,659,584 4% 1,677,338 4% 1,769,591 4% 1,830,017

3,203,383 8% 3,313,765 8% 3,496,022 8% 3,660,033

753,718 753,718 753,718 753,718


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