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