Problem 11 Foloning ne Sof PU. 98 9.032013 ‘he sen fo Taaton fr he ate er @ 58% of Net Ps. tu 09 Captalemped minum on heer he lvoe tasty Se, Problem 12 Following isthe B/S of Pooja Lt. as at 31.03.2013, The Pos fhe Campary rte pas 3 yas bere chp ire on bees wes $2000 1 $5000 Rs 4000s, Neral un is You ae requredto tate Wa Ve of ure suring ht 2% he rte ‘eee tere unde ye le Teton Problem 13 Following information relates to Deepak Ltd. i) 4000, 10% Preference shares of Rs.100 each, 's.4,00,000 I), 8900 Eauity shares of Rs.100 each, s. 500,000 ill) Average Profits before tax Rs.3,22,580. Iv)_Rate of Tax 38% v) Transfer to be made to Reserve, 20%, vi) Normal rate of return 15% ‘Ascertain the value of each equity share under yield method Problem 14 From the following particulars Calculate value of an Equity share undet Veld method aPacrs wt tonProblem 15. “The Net Profits of the Company forthe year 2013, March ‘is Rs.60,00,000 pany forsne yest ‘After seting par the amounts or interest on borowings, {Gxation and other provisions the net surplus profits {vallable to both the Shareholders is estimated to be £e'15 00.000. The Companys captalstucture consisted + 11100000 Equity Shares of Rs. 100 each, Rs. 50 per Share paid up an + i) 25,000, 12% Cumulative Preference Shares of 100 each fully paid up. + Enguiis in the Stock market reveal that shares of companies engaged in similar business and declaring a Aividend of 15% on Equity shares are quoted ata, premium of 10%, + What do you expect that market value ofthe company Problem 16 2 Golisolada eRe 2 Fg ce S00 BaP tet rejeusue aed 200 4 Nore Raat uninsir ype ctu evacuees ShateS tobe, basing your working on he yield mothou? ais me Yourwerng on ey 9) Yabveot Problem 17 Problem 18 (remreloeg pies 08 inant cee de, On 31.12.2012 the B/S of XYZ Limited z al Company revealed the following position om shes ofa ay] 20,0 cx on ee pad Ft sets ston 7 exe ‘a0 can sa ladon fhe sto Geis a0n| ce oretéaes | so ee | area ans oun eininsyepenes | 200 ne aco ‘00 fd 2000 SDebertres ‘oo onbisno RET ates er TOO tee ues tn ease 13% nA Moe ir peo 0 a0 7a+ 0n 31.12.2012, the fixed assets were independently valued at RS3,50,000 and Goodwill at Rs 50,000. + The Net Profits forthe three years were 2010-Rs.51,600, 2011-Rs.52,000 and 2012-Rs.51,650 ‘of which 20% was placed under reserve, this proportion being considered reasonable in the industry in which the company is engaged and when a fair rate on investment may be taken at 10%. * Calculate the Value of the company’s share by 1) The Net Assets Method 2) yield Method 3) Fair Value Method. Problem 19 2) Share canta: fe 315000 ery Shares of Be. 10 each fy pad 000 S000 uty Shores of 10 each Re 70 pe shae pad 7500 S000 aut share of 1Dearh Re per share pos 25000 2 Gerra Rese 25000 ©) Uber 62500 3 PeedAseas S000 2) Caren Acets 100000 1) NemalAveage Pots (Less Ta 15000 4) Extmatedrate for Cptsteaton forthe pups = 10% 8) Tranter 20% of Pots ater taro Genel Reseve (Galguaa the Value ot exh ype of Shares Oy) Asset Backing method ‘sd ade Problem 20 + Following is the B/S of'8' Co, Ld + Average annual Profit is Rs.80,000. + Company transfers 10% of its Profits every year to General Reserve. Normal rate of retum on Capital employed is 10%. + Compute the Value of Shares by; + a) Intrinsic Value Method + il) Yield Value method, and + ili) Fair Value method.Problem 21 + Following is the B/S of 'B’ Co., Ltd., as on 31.03.2012 [ties [prea | ats rut] Re fe Eqaty Sure pitt |160000| Got 2zonam' exh OerFoedasets | 24t0010 Resee Find sjaonn| cer Ate natn 1% sere ‘nom esters ‘enon Pract Tx anon sana) sam + Onthe above date, an independent valuation of goodwill and other fixed assets was made at Rs.3,00,000 and Rs.30,00,000 respectively. Current assets include debtors of Rs.2,00,000 of which 15% is bad + The N/P of the Company for the past 3 years were Rs.2.40,000, Rs.2,80,000 and Rs.3,05,000 of which 20% was placed to Reserve. + The Normal rate of return is 10% + Calculate the Value of a Share by Net Asset and Yield method.