Bibliographic citations
Honma, M., Villa, J., Ramos, F., Cabrera, L. (2018). SFC S.A.C.: oportunidad de crecimiento, ¿cómo afrontarla? caso de estudio [Pontificia Universidad Católica del Perú]. http://hdl.handle.net/20.500.12404/12653
Honma, M., Villa, J., Ramos, F., Cabrera, L. SFC S.A.C.: oportunidad de crecimiento, ¿cómo afrontarla? caso de estudio []. PE: Pontificia Universidad Católica del Perú; 2018. http://hdl.handle.net/20.500.12404/12653
@mastersthesis{sunedu/2661240,
title = "SFC S.A.C.: oportunidad de crecimiento, ¿cómo afrontarla? caso de estudio",
author = "Cabrera Meza, Leonardo Martín",
publisher = "Pontificia Universidad Católica del Perú",
year = "2018"
}
During the preparation of the case, the team searched a company that would enhance the knowledge of participants regarding the financial analysis using tools as the vertical and horizontal analysis of the financial statements and the interpretation of relevant financial ratios. In addition, it was very important to consider, through a crisis scenario, the participants get to know the sources of funding that the company could use to deal with a sudden growth that will affect it directly and indirectly. After analyzing the different options, taking as a basis the expectations of their sector and their financial statements, the group selected Suministro, Fabricación y Construcción S.A.C. (SFC) as the most suitable in order to cover the proposed scope. SFC is a business belonging to the engineering sector; it makes tailored metallic structures, piping and so on. Mr. Gustavo Carhuachín, a mechanical engineer from the PUCP, founded SFC in 2008. The company provides services about three main lines: a) detailed engineering and feasibility assisted by computer; b) supply and manufacture of steel structures and c) assembly of structures, pipes and vessels. SFC’s clients are mainly in three economic sectors: mining, construction and energy. At the end of 2015, the SFC’s management, headed by Gustavo, faced a dilemma: to accept or to reject the proposal of an energy sector client. If the proposal were accepted then SFC would expect to achieve an annual growth rate between 50% and 60% comparing to the 2015. The financial status of SFC has not been the best in the last years despite having good volumes of sales, the earnings went down and the debt increased. This situation coupled with the sales concentration proposal would generate a conducive scenario, in order to discuss whether to accept or reject the client’s proposal and regarding the probable SFC’s options. During the case analysis, the participants must support the reasons for their choices based on the use of financial tools developed and supported by the qualitative elements provided by the strategic tools, in order to propose which would be the benefits and risks of following one or another option. Based on case information analysis, and participants’ previous experience, they can suggest alternative solutions, the same ones that can be sustained and debated. Not at all the case objective intends to reach a unique solution to the dilemma. The case is designed in such way that the participants should answer the questions previously to the class. Therefore, the professor will be able to generate discussion and confirm if the participants have investigated, as well as to assess their level of knowledge about the financial analysis basic tools. The first part of the case will allow the participants to know the particularities of the company. In the second part, they will know the particularities of the sector, which macroeconomic variables affect it, the financing in the sector and its economic performance. In the third part, the participants will apply vertical and horizontal analysis; likewise, they will use some financial ratios of the company and the sector. In addition, they will use the strategic analysis in order to determine SFC’s financial performance. 4 After the debate, the participants will be prepared to sustain their choices in order to face the dilemma of the case for the year 2016: If the company decides to continue with the strategy of focus or diversify its portfolio, taking into account the risks for every alternative.
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