Emiliano Mancilla

Name:

E-mail: cemilianoms@gmail.com

7221318009
Cell phone number:

I. You’ve created a shoe company. The total investment to develop this enterprise was US$200 million, 75% was a capital contribution and
the balance came from a 5-year bank loan (which is amortized at maturity). US$150 million were required to build the shoe factory and
show room, and US$40 million were invested on the shoe inventory.

1) Build the initial balance sheet of the company (Initial balance column)

On your first month of operations you sell US$10 million, 50% to individual clients, who paid in cash, and 50% to a large department store
that agreed to pay you 3 months from now.

2) Consider a gross margin of 25%, no additional expenses, no tax payment, a 12% annual interest rate (paid monthly) for the 5-year
bank loan, and no interest gains on cash equivalents. Report the company’s first month P&L statement and balance sheet.

Balance Sheet
Initial 1st Month
Cash 10,000,000 7,000,000
Inventory 40,000,000 40,000,000
Account receivables 0 5,000,000

Current Assets 50,000,000 52,000,000

Fixed Assets 150,000,000 150,000,000
Total Assets 200,000,000 202,000,000

Cost Bearing Liabilities 0 0

Accounts Payables 0 0
Long -term cost bearing debt 50,000,000 50,000,000
Total Liabilities 50,000,000 50,000,000

Equity

Profit and Losses Statment

First Month
Revenues 10,000,000
Cost of Sales 7,500,000
Gross Profit 2,500,000
Expenses 0
Operating Profit 2,500,000
Interest payment 500,000
Net Profit 2,000,000

Comments (optional)
Equity Initial = 150,000,000. 1st month = 152,000,000

Assumption that inventory must prevail on $40,000,000

II. In US dollars, estimate the market size for electric vehicles in Mexico by 2030.

Elaborate on your answer.

The global electric car sales has been increasing in a probable exponential way (few years as sample) since 2010.

The simplest function I could find that most relates to this growth would be.

f(x)= x exp(0.3850*p). p= year. x= cars

According to statista there where 305 electric cars sold in 2019 in mexico, and 2030 - 2019=11

So 305 exp(0.3850*11) = 21,082 cars I Average cost electric car = $55,600 assuming no change in 11 years due technolgy/
innovation price decrement and inflation cancel each other (What increases by inflation, decreases by price of old tech)
USD Market size = $1,172,201,795 USD

Of course the estimation is sensitive to goverment policies and transcendece of electric energy trend.

III. You’ve been commissioned to appraise a property.

The property is one of four identical houses located in downtown Huston.

After interviewing the residents of the other 3 properties you have the following information:
1) The resident of the first house says she built the house 5 years ago and invested a total of US$1 million.
2) The resident of the second house says he pays a US$5,500 monthly rent.
3) The resident of the third house says she acquired the house two years ago for US$1.1 million.

Considering this information, what would be the fair value you estimate for the property?

Elaborate on your answer.

CAP rate

Description. CAP Rate Huston Rent

New luxury. 4.6 Monthly 5,500
Class A. 4.87 Annual. 66,000. CAP rate Value: $1,273,516.64
Class B 5.24
Class C 6.02
Average 5.1825%

House Growth rate 3.228% Growth rate Value $$1,172,162.43

t-5. 1,000,000.00
t-2. 1,100,000.00
t. 1,172,162.43 Answer, somewhere between this margin

IV. You received US$1 million to secure your retirement; how would you allocate this capital?

Elaborate on your answer.

I have 40 years left to allocate the capital

Decade Risk free assets. Risky and speculative investments

1 25% 75%
2 41% 59%
3 57% 43%
4 75% 25%
V.Based on the following information, which sector of the FMSE do you think it’s more likely that the company “NTTRO” belongs to? Rank
you answer from 1 to 4 from most likely to least likely and justify your answer.

Within the FMSE there are 100 listed companies, segmented in 4 different sectors:
• 50 in Construction.
• 10 in Technology
• 25 in Food and Beverage
• 15 in Financials

Amin Toufanie
@FMSEBl0gK1nG

The young management team @NTTRO once again delivers to shareholders through innovation and creativity! Buy NTTRO before
it’s to late! #Investing #NTTRO #IVF #FMSE

Elaborate on your answer.

Sheet Data:

1. Construction
2. F&B
3. Financials
4. Technology

Gathered data from web ————>. IVF= invitro fecundation Amin Toufanie = TLabs CEO (Tech)
Noises/signals— Innovation and Creativity, “Buy NTTRO before its to late” , “young management”
1. Technology
2. Financials
3. F&B
4. Construction

VI. It is estimated that Mexico’s GDP fell by roughly 9% in 2020; however, the Mexican Stock Index or IPC, remained virtually flat when
compared to 2019 numbers. How would you explain this?

Elaborate on your answer.

Because markets and economy are not the same, even though markets could be clearly influenced by world/country’s economy,
they are free and independent from it. Where subjectivity plays a big part to make participants negotiate and value individual
companies at the price they see most beneficial for their porpuses.