Following is the balance sheet of Dabbu Ltd. as on 31st March, 2014: I EQUITY AND LIABILITIES (1) Shareholders' funds (a) Share capital (₹10 each) (b) Reserves and surplus (2) Current liabilities (a) Trade payables (b) W

Following is the balance sheet of Dabbu Ltd. as on 31st March, 2014: I EQUITY AND LIABILITIES (1) Shareholders' funds (a) Share capital (₹10 each) (b) Reserves and surplus (2) Current liabilities (a) Trade payables (b) Workman saving account (c) Provision for income-tax TOTAL Note No. ₹ 75,000 1 27,000 36,250 11,250 22,500 1,72,000 II ASSETS (1) Non-current assets (a) Fixed assets (b) Preliminary expenses (2) Current assets (a) Stock (b) Trade receivables (c) Cash at bank TOTAL Note No. ₹ 2 97,500 4,500 18,000 33,000 19,000 1,72,000 Note No. 1: Reserves and surplus ₹ General reserve 15,000 Surplus 12,000 27,000 Note No. 2: Fixed assets ₹ Land and building 42,000 Plant and machinery 48,000 Trade marks 7,500 97,500 The plant is worth ₹45,000 and land and building ₹90,000. Out of the total debtors, ₹3,000 are bad. The profits of the company have been as follows: ₹ 31.03.2012 30,000 31.03.2013 33,750 31.03.2014 39,750 It is the company's practice to transfer 25% of profits to general reserve. Similar type of companies earn at 10% of the value of their shares. Goodwill is ₹60,000. Ignore taxation. Ascertain the value of shares of the company using — Intrinsic value method; and