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Transcript of padini
MANUFACTURER
INDUSTRY
PADINI HOLDINGS BERHAD
Business Review
• Have many type of products such as garments, T- shirt, shoes, accessories• Have multi brand such as Vincci,
PDI,Miki, Seed, Padini Authentics, P& Co.
PADINI CONCEPT STORE
Domestic Market• Sold through numerous retail store and
some franchises store.• Available in the Malaysian shopping mall.
Market Abroad• Sold mostly through retail stores
managed by the licensee and dealers
Economic Review
Domestic Market
• Domestic operation accounted for RM 516.07 Million of revenue
• Transfer to the Main Board of Bursa Malaysia in 2004.
Market Abroad
• Export operation accounted for RM 52.4 Million of revenue
• Expand their business by collaborate with the FJ Benjamin.
PLA
NTATION
INDUSTRY
FAR EAST HOLDINGS BERHAD
FAR EAST HOLDING BHD
Business Review
• Cultivation of oil palms, productions and sales of fresh fruit bunches, crude palm oil and palm kernel and investment holding.
• Have expend their business and have a lot of subsidiary under them such as Dawn Oil Palm Plantations Sdn Bhd, B.S. Oil Palm Plantations Sdn Bhd
Economic Review
• Managed to get about RM479.24 Million of total revenue
• Record high production of fresh fruit bunches at 274,032 metric tonnes.
• Managed to contribute more income for the economy of Malaysia.
MANUFACTURER
INDUSTRY
PADINI HOLDINGS BERHAD
BACKGROUNDOF
THECOMPANY
Hwayo Garments Manufacturers
Company in 1971
PADINI HOLDINGS BERHAD
On 1973, it expanded into the textile
trading
Entered the retail industry in 1975 with flagship brand Padini
Padini Holdings Sdn Bhd
1995 :Converted to a public company
and adopted the name
Padini Holdings Berhad
Subsidiaries :
• Vincci Ladies’ Specialties Centre SB• Padini Corporation SB• Seed Corporation SB• Yee Fong Hung (M) SB • Mikihouse Children’s Wear SB• Vincci Holdings SB• Padini Dot Com SB• The New World Garment Manufacturer SB• Padini International Limited, HK
PADINI SEED PADINIAUTHENTICS
P&Co PDI MIKI
VINCCI BRANDSOUTLET
VISION
To be the best fashion company
ever
MISSION
To exceed customers’
expectations and our brands’
promise
PLA
NTATION
INDUSTRY
FAR EAST HOLDINGS BERHAD
BACKGROUNDOF
THECOMPANY
FAR EAST HOLDINGS BERHAD
Incorporated in Malaysia on 6th August 1973 as a private
limited company (Far East Holdings Sdn Bhd)
On 26th September 1986,it was converted to a public company
(Far East Holdings Bhd)
Main activity :
• Implant and production of oil palm. • Sales of fresh fruit bunch. • Crude palm oil and palm kernel.
Subsidiaries :
• Dawn Oil Palm Plantations SB• B.S. Oil Palm Plantations SB• Spectacular Potential SB • Kampong Aur Oil Palm Company SB• Madah Perkasa SB • Far East Delima Plantations SB
STATUTORYREQUIREMENT
SIMILARITIES
PADINI HOLDINGS BHD vs FAR EAST HOLDINGS BHD
Companies Act 1965Incorporated of company, registrar of companies, power of companies, shares, debentures and membership and others.
FRS 127 Consolidated and Separate Financial Statements
DIFFERENCES
o FRS 7 Financial Instruments : Disclosures o FRS 123 Borrowing Costo FRS 101 Presentation of Financial Statemento Amendment to FRS 138 Intangible Assetso Amendment to FRS 8 Operating Segmentso Amendment to FRS 107 Statement of Cash Flowso Amendment to FRS 116 Property, Plant and Equipmento Amendment to FRS 119 Employee Benefit
o FRS 1 First-time Adoption of International Financial Reporting Standards o FRS 3 Business Combinations o Amendments to FRS 5 Non- current Assets Held for Sale and Discontinued Operationso Amendments to FRS 132 Financial Instruments: Presentationo Amendments to FRS 138 Intangible Assets
Corporate Governance
Corporate governance is about the way business of the company is
directed and managed
Similarities
• Compliance with the Best Practices of Good Governance as set out in Part 1 and Part 2 of the Malaysian Code on Corporate Governance (the Code) pursuant to Paragraph 15.26 of the Listing Requirements of the Bursa Malaysia Securities Berhad
• Disclose only those corporate governance items as required by the regulations
• Protect the rights of minority shareholders• The role of Chairman and Executive/Managing Director are
separated• AGM as important medium of shareholders’ communication
DifferencesPadini has more non executive
directors compared to its executive
directors
Contractual relationship to shareholders
Increase agency costs
Managers of Far East produce
more reliable and relevant information
to its shareholders
Similarities
• Both companies take necessary actions to pursue corporate responsibilities
Differences
General disclosure inannual reports
Environmentalfriendly
Disclosed in annualreport in detail
Improvement ofhuman condition
DISCLOSURE
AIMS
Environmental IssuesPADINI HOLDINGS
BERHADFAR EAST HOLDINGS
BERHAD
Collected and sold for recycling used paper and paper products
Adopted Zero-Burning techniques
Using organic controls of pests
OTHER PECULIAR EVENT
• Implementing cost efficient manner