ESTADO DE SITUACION FINANCIERA

ANALISIS VERTICAL 227,140.00 0.0737016

ACTIVO 2013 % 2014 % 2015 %

ACTIVO DISPONIBLE
EFECTIVO Y EQUIVALENTE DE EFECTIVO 898,679.00 6.15% 345,546.00 2.04% 563,084.00 3.51%
CTAS.POR COBRAR COMERCIALES TERC 3,617,802.00 24.78% 3,309,027.00 19.56% 3,081,887.00 19.23%
PROV.CTA.COBRANZA DUDOSA (64,103.00) -0.44% (65,252.00) -0.39% (57,010.00) -0.36%
Subtotal Neto Ctas por Cobrar Com. Terceros 3,553,699.00 24.34% 3,243,775.00 19.17% 3,024,877.00 18.87%
CTAS.POR COBRAR ACCIONISTAS 1,194,501.00 8.18% 998,507.00 5.90% 1,864,853.00 11.64%
CTAS POR COBRAR RELACIONADAS 881,064.00 6.03% 765,859.00 4.53% 1,762,927.00 11.00%
GASTOS ANTICIPADOS 522,110.52 3.58% 625,222.98 3.70% 688,045.40 4.29%
TOTAL ACTIVO DISPONIBLE 7,050,053.52 0.48 5,978,909.98 0.35 7,903,786.40 0.49

ACTIVO REALIZABLE
MERCADERIA 6,745,506.00 46.20% 9,382,605.00 55.46% 4,819,442.00 30.07%
EXISTENCIAS POR RECIBIR 0.00 0.00% 0.00 0.00% 268,835.00 1.68%
TOTAL ACTIVO REALIZABLE 6,745,506.00 46.20% 9,382,605.00 55.46% 5,088,277.00 31.75%

ACTIVO INMOVILIZADO
INVERSIONES MOBILIARIAS 163,548.00 1.12% 751,080.00 4.44% 0.00 0.00%
INM.MAQ.Y EQUIPOS 787,716.00 5.39% 976,488.00 5.77% 3,173,890.00 19.80%
(-)DEPREC.ACUMULADA (145,389.00) -1.00% (180,282.00) -1.07% (225,353.00) -1.41%
INM. MAQ y EQUIPO NETO 642,327.00 0.04 796,206.00 0.05 2,948,537.00 0.18
INTANGIBLES 0.00 0.00% 9,461.00 0.06% 86,448.00 0.54%
CARGAS DIFERIDAS 0.00 0.00% 0.00 0.00% 0.00 0.00%
TOTAL ACTIVO INMOVILIZADO 805,875.00 0.06 1,556,747.00 0.09 3,034,985.00 0.19

TOTAL ACTIVO 14,601,434.52 100.00% 16,918,261.98 100.00% 16,027,048.40 100.00%

1,774,861.00 221857.63 5.00

ANALISIS VERTICAL
PASIVO 2013 % 2014 % 2015 %
PASIVO
TRIBUTOS POR PAGAR 435,092.10 2.98% 521,019.15 3.08% 556,704.50 3.47%
REMUNERAC.Y PARTIC.P.PAGAR 220,669.92 1.51% 181,984.66 1.08% 167,713.00 1.05%
CTAS.POR PAGAR COMERCIALES TERC 8,991,336.50 61.58% 10,445,705.92 61.74% 8,030,193.51 50.10%
CTAS POR PAGAR RELACIONADAS 2,495,175.00 17.09% 2,229,200.00 13.18% 1,774,861.00 11.07%
OBLIGACIONES FINANCIERAS 1,167,730.00 8.00% 2,227,420.00 13.17% 2,072,892.60 12.93%
TOTAL PASIVO CORRIENTE 13,310,003.52 91.16% 15,605,329.73 92.24% 12,602,364.61 78.63%

OBLIGACIONES FINANCIERAS (LP) 0.00 0.00% 0.00 0.00% 6,102,527.00 38.08%

TOTAL PASIVO (LP) 0.00 0.00% 0.00 0.00% 6,102,527.00 38.08%
TOTAL PASIVO 13,310,003.52 91.16% 15,605,329.73 92.24% 18,704,891.61 116.71%

CAPITAL y PATRIMONIO
CAPITAL SOCIAL 1,177,654.00 8.07% 1,177,654.00 6.96% 1,254,201.00 7.83%
CAPITAL ADICIONAL 0.00% 0.00% 408,617.00 2.55%
EXCEDENTE DE REVALUACION 0.00% 0.00% 865,844.00 5.40%
RESERVA 51,436.00 0.35% 54,791.85 0.32% 56,606.39 0.35%
RESULT.ACUMULADOS 28,782.54 0.20% 62,341.00 0.37% 80,486.40 0.50%
RESULT.DEL PERIODO 33,558.46 0.23% 18,145.40 0.11% (5,343,598.00) -33.34%
PATRIMONIO NETO 1,291,431.00 8.84% 1,312,932.25 7.76% (2,677,843.21) -16.71%

TOTAL PASIVO Y PATRIMONIO 14,601,434.52 100.00% 16,918,261.98 100.00% 16,027,048.40 100.00%

(0.00) 0.00 0.00

ANALISIS HORIZONTAL
ACTIVO 2013 % 2014 % 2015
ACTIVO DISPONIBLE
EFECTIVO Y EQUIVALENTE DE EFECTIVO 898,679.00 -61.55% 345,546.00 62.95% 563,084.00
CTAS.POR COBRAR COMERCIALES TERC 3,617,802.00 -8.53% 3,309,027.00 -6.86% 3,081,887.00
PROV.CTA.COBRANZA DUDOSA (64,103.00) 1.79% (65,252.00) 0.00% (57,010.00)
Subtotal Neto Ctas por Cobrar Com. Terceros 3,553,699.00 -8.72% 3,243,775.00 -6.75% 3,024,877.00
CTAS.POR COBRAR ACCIONISTAS 1,194,501.00 -16.41% 998,507.00 86.76% 1,864,853.00
CTAS POR COBRAR RELACIONADAS 881,064.00 -13.08% 765,859.00 130.19% 1,762,927.00
GASTOS ANTICIPADOS 522,110.52 19.75% 625,222.98 10.05% 688,045.40
TOTAL ACTIVO DISPONIBLE 7,050,053.52 -15.19% 5,978,909.98 32.19% 7,903,786.40

ACTIVO REALIZABLE
MERCADERIA 6,745,506.00 39.09% 9,382,605.00 -48.63% 4,819,442.00
EXISTENCIAS POR RECIBIR 0.00 0.00% 0.00 0.00% 268,835.00
TOTAL ACTIVO REALIZABLE 6,745,506.00 39.09% 9,382,605.00 -45.77% 5,088,277.00

ACTIVO INMOVILIZADO
INVERSIONES MOBILIARIAS 163,548.00 359.24% 751,080.00 -100.00% 0.00
INM.MAQ.Y EQUIPOS 787,716.00 23.96% 976,488.00 225.03% 3,173,890.00
(-)DEPREC.ACUMULADA (145,389.00) 24.00% (180,282.00) 25.00% (225,353.00)
INM. MAQ y EQUIPO NETO 642,327.00 23.96% 796,206.00 270.32% 2,948,537.00
INTANGIBLES 0.00 0.00% 9,461.00 813.73% 86,448.00
CARGAS DIFERIDAS 0.00 0.00% 0.00 0.00% 0.00
TOTAL ACTIVO INMOVILIZADO 805,875.00 93.17% 1,556,747.00 94.96% 3,034,985.00

TOTAL ACTIVO 14,601,434.52 15.87% 16,918,261.98 -5.27% 16,027,048.40

ANALISIS HORIZONTAL

PASIVO 2013 % 2014 % 2015

PASIVO
TRIBUTOS POR PAGAR 435092.10 0.00% 521,019.15 0.00% 556,704.50
REMUNERAC.Y PARTIC.P.PAGAR 220,669.92 -17.53% 181,984.66 -7.84% 167,713.00
CTAS.POR PAGAR COMERCIALES TERC 8,991,336.50 16.18% 10,445,705.92 -23.12% 8,030,193.51
CTAS POR PAGAR RELACIONADAS 2,495,175.00 -10.66% 2,229,200.00 -20.38% 1,774,861.00
OBLIGACIONES FINANCIERAS 1,167,730.00 90.75% 2,227,420.00 -6.94% 2,072,892.60
TOTAL PASIVO CORRIENTE 13,310,003.52 17.25% 15,605,329.73 -19.24% 12,602,364.61

OBLIGACIONES FINANCIERAS (LP) 0.00 0.00% 0.00 0.00% 6,102,527.00

TOTAL PASIVO (LP) 0.00 0.00% 0.00 0.00% 6,102,527.00

TOTAL PASIVO 13,310,003.52 17.25% 15,605,329.73 19.86% 18,704,891.61

CAPITAL y PATRIMONIO
CAPITAL SOCIAL 1,177,654.00 0.00% 1,177,654.00 6.50% 1,254,201.00
CAPITAL ADICIONAL 0.00 0.00% 0.00 0.00% 408,617.00
EXCEDENTE DE REVALUACION 0.00 0.00% 0.00 0.00% 865,844.00
RESERVA 51,436.00 6.52% 54,791.85 3.31% 56,606.39
RESULT.ACUMULADOS 28,782.54 116.59% 62,341.00 29.11% 80,486.40
RESULT.DEL PERIODO 33,558.46 0.00% 18,145.40 0.00% (5,343,598.00)
PATRIMONIO NETO 1,291,431.00 1.66% 1,312,932.25 -303.96% (2,677,843.21)

TOTAL PASIVO Y PATRIMONIO 14,601,434.52 15.87% 16,918,261.98 -5.27% 16,027,048.40

ANALISIS EVOLUTIVO
ACTIVO 2013 % 2014 % 2015
ACTIVO DISPONIBLE
EFECTIVO Y EQUIVALENTE DE EFECTIVO 898,679.00 -61.55% 345,546.00 -37.34% 563,084.00
CTAS.POR COBRAR COMERCIALES TERC 3,617,802.00 -8.53% 3,309,027.00 -14.81% 3,081,887.00
PROV.CTA.COBRANZA DUDOSA (64,103.00) 1.79% (65,252.00) -11.07% (57,010.00)
Subtotal Neto Ctas por Cobrar Com. Terceros 3,553,699.00 -8.72% 3,243,775.00 -14.88% 3,024,877.00
CTAS.POR COBRAR ACCIONISTAS 1,194,501.00 -16.41% 998,507.00 56.12% 1,864,853.00
CTAS POR COBRAR RELACIONADAS 881,064.00 -13.08% 765,859.00 100.09% 1,762,927.00
GASTOS ANTICIPADOS 522,110.52 19.75% 625,222.98 31.78% 688,045.40
TOTAL ACTIVO DISPONIBLE 7,050,053.52 -15.19% 5,978,909.98 12.11% 7,903,786.40

ACTIVO REALIZABLE
MERCADERIA 6,745,506.00 39.09% 9,382,605.00 -28.55% 4,819,442.00
EXISTENCIAS POR RECIBIR 0.00 0.00% 0.00 0.00% 268,835.00
TOTAL ACTIVO REALIZABLE 6,745,506.00 39.09% 9,382,605.00 -45.77% 5,088,277.00

ACTIVO INMOVILIZADO
INVERSIONES MOBILIARIAS 163,548.00 359.24% 751,080.00 -100.00% 0.00
INM.MAQ.Y EQUIPOS 787,716.00 0.00% 976,488.00 302.92% 3,173,890.00
(-)DEPREC.ACUMULADA (145,389.00) 24.00% (180,282.00) 55.00% (225,353.00)
INM. MAQ y EQUIPO NETO 642,327.00 23.96% 796,206.00 359.04% 2,948,537.00
INTANGIBLES 0.00 0.00% 9,461.00 0.00% 86,448.00
CARGAS DIFERIDAS 0.00 0.00% 0.00 0.00% 0.00
TOTAL ACTIVO INMOVILIZADO 805,875.00 0.00% 1,556,747.00 276.61% 3,034,985.00

TOTAL ACTIVO 14,601,434.52 15.87% 16,918,261.98 9.76% 16,027,048.40

ANALISIS EVOLUTIVO
PASIVO 2013 % 2014 % 2015
PASIVO
TRIBUTOS POR PAGAR 435,092.10 0.00% 521,019.15 0.00% 556,704.50
REMUNERAC.Y PARTIC.P.PAGAR 220,669.92 -17.53% 181,984.66 -24.00% 167,713.00
CTAS.POR PAGAR COMERCIALES TERC 8,991,336.50 16.18% 10,445,705.92 -10.69% 8,030,193.51
CTAS POR PAGAR RELACIONADAS 2,495,175.00 -10.66% 2,229,200.00 -28.87% 1,774,861.00
OBLIGACIONES FINANCIERAS 1,167,730.00 90.75% 2,227,420.00 77.51% 2,072,892.60
TOTAL PASIVO CORRIENTE 13,310,003.52 17.25% 15,605,329.73 -5.32% 12,602,364.61

OBLIGACIONES FINANCIERAS (LP) 0.00 0.00% 0.00 0.00% 6,102,527.00

TOTAL PASIVO (LP) 0.00 0.00% 0.00 0.00% 6,102,527.00

TOTAL PASIVO 13,310,003.52 17.25% 15,605,329.73 40.53% 18,704,891.61

CAPITAL y PATRIMONIO
CAPITAL SOCIAL 1,177,654.00 0.00% 1,177,654.00 6.50% 1,254,201.00
CAPITAL ADICIONAL 0.00 0.00% 0.00 0.00% 408,617.00
EXCEDENTE DE REVALUACION 0.00 0.00% 0.00 0.00% 865,844.00
RESERVA 51,436.00 6.52% 54,791.85 10.05% 56,606.39
RESULT.ACUMULADOS 28,782.54 116.59% 62,341.00 179.64% 80,486.40
RESULT.DEL PERIODO 33,558.46 -45.93% 18,145.40 -16023.25% -5,343,598.00
PATRIMONIO NETO 1,291,431.00 1.66% 1,312,932.25 -307.35% -2,677,843.21

TOTAL PASIVO Y PATRIMONIO 14,601,434.52 15.87% 16,918,261.98 9.76% 16,027,048.40

 ESTADO DE RESULTADOS
ANALISIS VERTICAL
DETALLE 2013 % 2014 % 2015 %
VENTAS 26,105,526.00 19.75% 31,261,149.00 8.35% 33,870,102.00 20.00%
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 1,331,052.54 5.10% 578,908.00 1.85% 348,665.00 1.04%
GASTOS VARIOS 0.00 0.00% (659,586.00) -2.11% (494,486.00) -1.48%
INGRESOS VARIOS 108,729.87 0.42% 1,318,404.00 4.22% 820,334.00 2.46%
Subtotal Otros Ingresos y Gastos 407,797.41 1.56% (357,224.00) -1.14% (4,149,871.00) -12.42%
RESULTADO ANTES DE PARTICIPACIÓN UTILID 52,109.41 0.20% 25,922.00 0.08% (5,343,598.00) -16.00%

PARTICIPACION LABORAL UTILIDADES (4,168.75) -0.02% 0.00 0.00% 0.00 0.00%

SALDO UTILIDAD ANTES DE IMPUESTOS 47,940.66 0.18% 25,922.00 0.08% (5,343,598.00) -16.00%
IMPTO A LA RTA 3A CAT (14,382.20) -0.06% (7,776.60) -0.02% 0.00 0.00%
UTILIDAD (PERDIDA) NETA 33,558.46 0.13% 18,145.40 0.06% (5,343,598.00) -16.00%

PAGOS A CUENTA 522,110.52 625,222.98 668,045.40

ANALISIS HORIZONTAL
DETALLE 2013 % 2014 % 2015
VENTAS 26,105,526.00 19.75% 31,261,149.00 8.35% 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 6.85% 33,402,270.00
COSTO DE VENTAS (21,120,432.00) 18.33% (24,992,081.00) 17.29% (29,312,565.00)
UTILIDAD BRUTA 4,985,094.00 25.76% 6,269,068.00 -34.76% 4,089,705.00

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

GASTOS DE VENTAS (4,089,480.00) 8.84% (4,451,181.00) -18.90% (3,609,892.00)
Subtotal Gastos Operativos (5,340,782.00) 10.21% (5,885,922.00) -10.24% (5,283,432.00)
UTILIDAD OPERATIVA (355,688.00) -207.72% 383,146.00 -411.56% (1,193,727.00)

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

INGRESOS FINANCIEROS 1,331,052.54 -56.51% 578,908.00 -39.77% 348,665.00
GASTOS VARIOS 0.00 0.00% (659,586.00) -25.03% (494,486.00)
INGRESOS VARIOS 108,729.87 1112.55% 1,318,404.00 -37.78% 820,334.00
Subtotal Otros Ingresos y Gastos 407,797.41 -187.60% (357,224.00) 1061.70% (4,149,871.00)
RESULTADO ANTES DE PARTICIPACIÓN UTILID 52,109.41 -50.25% 25,922.00 -20714.14% (5,343,598.00)

PARTICIPACION LABORAL UTILIDADES -4,168.75 -100.00% 0.00 0.00% 0.00

SALDO UTILIDAD ANTES DE IMPUESTOS 47,940.66 -45.93% 25,922.00 -20714.14% -5,343,598.00

IMPTO A LA RTA 3A CAT -14,382.20 -45.93% -7,776.60 0.00% 0.00

UTILIDAD (PERDIDA) NETA 33,558.46 -45.93% 18,145.40 -29548.77% -5,343,598.00
ANALISIS EVOLUTIVO
DETALLE 2013 % 2014 % 2015
0
VENTAS 26,105,526.00 19.75% 31,261,149.00 0.00% 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)

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

INGRESOS FINANCIEROS 1,331,052.54 -56.51% 578,908.00 -73.81% 348,665.00
GASTOS VARIOS 0.00 0.00% (659,586.00) 0.00% (494,486.00)
INGRESOS VARIOS 108,729.87 1112.55% 1,318,404.00 654.47% 820,334.00
Subtotal Otros Ingresos y Gastos 407,797.41 -187.60% (357,224.00) -1117.63% (4,149,871.00)
RESULTADO ANTES DE PARTICIPACIÓN UTILID 52,109.41 -50.25% 25,922.00 -10354.57% (5,343,598.00)

PARTICIPACION LABORAL UTILIDADES (4,168.75) -100.00% 0.00 -100.00% 0.00

SALDO UTILIDAD ANTES DE IMPUESTOS 47,940.66 -45.93% 25,922.00 -11246.28% -5,343,598.00

IMPTO A LA RTA 3A CAT (14,382.20) (7,776.60) -100.00% 0.00

UTILIDAD (PERDIDA) NETA 33,558.46 -45.93% 18,145.40 -16023.25% -5,343,598.00
ANALISIS DE RATIOS

RATIOS DE LIQUIDEZ
2013 2014 2015

LIQUIDEZ CORRIENTE o GENERAL 1.00 0.94 0.98

ACT DISP + ACT REALIZ - GTOS PAG x ANTICIPADO 13,273,449.00 14,736,292.00 12,304,018.00
PASIVO CORRIENTE 13,310,003.52 15,605,329.73 12,602,364.61

LIQUIDEZ ACIDA 0.49 0.34 0.57

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

PASIVO CORRIENTE 13,310,003.52 15,605,329.73 12,602,364.61

LIQUIDEZ SEVERA 0.07 0.02 0.04

EFECTIVO Y EQUIVALENTE DE EFECTIVO 898,679.00 345,546.00 563,084.00

PASIVO CORRIENTE 13,310,003.52 15,605,329.73 12,602,364.61

MARGEN DE SEGURIDAD (0.00) (0.06) (0.02)

CAPITAL DE TRABAJO. (36,554.52) (869,037.73) (298,346.61)

PASIVO CORRIENTE 13,310,003.52 15,605,329.73 12,602,364.61

RATIOS DE LIQUIDEZ

1.20

1.00

0.80

0.60

0.40

0.20

0.00

(0.20)
2013 2014 2015 2016 2017 2018

LIQUIDEZ CORRIENTE o GENERAL LIQUIDEZ ACIDA LIQUIDEZ SEVERA MARGEN DE SEGURIDAD

RATIOS DE GESTION
2013 2014 2015

ROTACION CUENTAS POR COBRAR 42 32 27

ds ds ds
VENTAS NETAS 26,105,526.00 31,261,149.00 33,870,102.00
CUENTAS POR COBRAR COM TERCEROS 3,011,609.32 2,748,961.86 2,563,455.08

ROTACION DE INVENTARIOS 115 135 62

ds ds ds
COSTO DE VENTAS 21,120,432.00 24,992,081.00 29,312,565.00
ACT REALIZABLE 6,745,506.00 9,382,605.00 5,088,277.00

ROTACION CUENTAS POR PAGAR 120 115 98

ds ds ds
COMPRAS 22,865,938.00 27,629,180.00 25,018,237.00
CUENTAS POR PAGAR 7,619,776.69 8,852,293.15 6,805,248.74

CICLO EFECTIVO

TIEMPO CAPITAL INMOVILIZADO 157 167 90

CUENTAS POR PAGAR 120 115 98
CICLO (36.54) (51.47) 8.19

RATIOS DE GESTION
180
160
140
120
100
80
60
40
20
0
2013 2014 2015 2016 2017 2018

ROTACION CUENTAS POR COBRAR ROTACION DE INVENTARIOS TIEMPO CAPITAL INMOVILIZADO CUENTAS POR PAGAR
RATIOS DE ENDEUDAMIENTO
2013 2014 2015

DEPENDENCIA FINANCIERA 91.16% 92.24% 116.71%

PASIVO TOTAL 13,310,003.52 15,605,329.73 18,704,891.61

ACTIVO TOTAL (NETO) 14,601,434.52 16,918,261.98 16,027,048.40

ENDEUDAMIENTO EN EL LARGO PLAZO 8.84% 7.76% 21.37%

PASIVO NO CTE + PATRIMONIO (NETO) 1,291,431.00 1,312,932.25 3,424,683.79

ACTIVO TOTAL (NETO) 14,601,434.52 16,918,261.98 16,027,048.40

ENDEUDAMIENTO PATRIMONIAL 1030.64% 1188.59% -698.51%

PASIVO TOTAL 13,310,003.52 15,605,329.73 18,704,891.61

PATRIMONIO NETO 1,291,431.00 1,312,932.25 (2,677,843.21)

RATIOS DE ENDEUDAMIENTO

120.00%
100.00%
80.00%
60.00%
40.00%
20.00%
0.00%
2013 2014 2015 2016 2017 2018

DEPENDENCIA FINANCIERA ENDEUDAMIENTO EN EL LARGO PLAZO

ENDEUDAMIENTO PATRIMONIAL

1500.00%
1000.00%
500.00%
0.00%
-500.00%
-1000.00%
2013 2014 2015 2016 2017 2018

ENDEUDAMIENTO PATRIMONIAL
RATIOS DE RENTABILIDAD 2013 2014 2015

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 FINANCIEROS 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

RATIOS DE RENTABILIDAD

120.00%

100.00%

80.00%

60.00%

40.00%

20.00%

0.00%
2013 2014 2015 2016 2017

COSTO DE VENTAS GASTOS OPERATIVOS GASTOS FINANCIEROS COSTOS TO

RATIOS DE RENTABILIDAD 2013 2014 2015

UTILIDAD OPERATIVA/ ACTIVO TOTAL (ROA) -2.44% 2.26% -7.45%

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

ACTIVO TOTAL 14,601,434.52 16,918,261.98 16,027,048.40

UTILIDAD NETA / ACTIVO TOTAL (ROA) 0.23% 0.11% -33.34%

UTILIDAD NETA 33,558.46 18,145.40 (5,343,598.00)

ACTIVO TOTAL 14,601,434.52 16,918,261.98 16,027,048.40

UTILIDAD OPERATIVA/CAPITAL (ROE) -27.54% 29.18% 44.58%

UTILIDAD OPERATIVA (355,688.00) 383,146.00 (1,193,727.00)
CAPITAL CONTABLE (PATRIMONIO) 1,291,431.00 1,312,932.25 (2,677,843.21)

UTILIDAD NETA / CAPITAL (ROE) 2.60% 1.38% 199.55%

UTILIDAD NETA 33,558.46 18,145.40 (5,343,598.00)
CAPITAL CONTABLE (PATRIMONIO) 1,291,431.00 1,312,932.25 (2,677,843.21)

RATIOS DE RENTABILIDAD PARA EL ACCIONISTA

250.00%

200.00%

150.00%

100.00%

50.00%

0.00%

-50.00%
2013 2014 2015 2016 2017
UTILIDAD OPERATIVA/ ACTIVO TOTAL (ROA) UTILIDAD NETA / ACTIVO TOTAL (ROA) UTILIDAD OPERATIVA/CAPITAL (RO E) UTILID