...Executive Summary Our research on Padini Holdings Berhad reveals its overall position and history in the retail industry since 1971 as well as its vision and mission established to the accomplishment of their corporate goals. On top of that, the financial and strategic objectives set by the management to meet its goals are also outlined in the body of the report. Through the analysis of the financial statements, the liquidity position of the group can be gauged by using a number of measures like the trade receivables and payables period, current and quick ratio, and also its working capital cycle. Collectively, these measures indicate that the group is relatively liquid in nature. Besides, an analysis of the capital structure of the group shows that there is a lack of equity funding as compared to debt funding in the past three years while the group moves to a more conservative approach in managing its debts. On the other hand, while its gearing ratio increases slightly as compared to the past year, it still meets the industry average ratio and hence poses no threat to the going concern of the group. In terms of the share price, it is noted that there is a significant decrease in share price of the group in year 2011 due to a share split involving subdivision of its existing shares to enhance its share liquidity. However, due to the fact that its growth rate in dividend is increasing annually, its share price is expected to increase in future periods. ...
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...PADINI’s 7 Culture Speed Simplicity Self- Confidence Communication Team Work Learning Culture Consistency Targeting From our research, we can say that the targeting strategies used by PADINI is differentiated marketing where PADINI target several segment by offering different products to satisfy the different groups of customer. The targeted groups of customer are derived from the age range that above 7 to 50 and separated according to age and genders. The following table is showing the different targeted groups by offering different products. Group Age Gender Product Type of Product Infants and kids Below 7 Both Miki Kids Casual Childrens 7-12 Both Seed, PADINI Authentic Fashion style Teenagers or youngsters 12-18 Both Seed, PADINI Authentic Casual Adult 18-30 Female P & Co Younger style(Trendy) Adult 18-40 Both Seed Casual plus classic stylish designed Teenagers or Adult 13 - 50 Female Vincci and Vincci Accessories Female Accessories Adult 18-50 Both PDI Casual stylish designed Adult 18 -60 Both PADINI formal Marketing Differentiation & Positioning PADINI used the differentiation strategies of product and image to place the product occupies in the consumer’s minds. The hottest product of PADINI - Seed, use the product differentiation in term of design to place the product occupies in the consumers’ minds. For example, when a consumer want to buy a semi-formal with classic stylish designed, the Seed’s product...
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...INTRODUCTION Development of human resource in terms of mentality and intellectual capital is one of aimed areas under Ninth Malaysia Plan in Malaysia. To enhance the core competence, Malaysia has to convert from labor-intensive goods production to utilization of human knowledge and skills. Research by Tan (2000) found that only few companies listed in Bursa Malaysia reports intangible assets and a small percent of total assets of these companies disclosed intangibles other than goodwill. Thereby, it is aimed to enhance that Malaysian companies should voluntarily disclose intellectual capital in their financial statements. This research measures to the scope length of intellectual capital disclosure and the connection between intellectual capital and corporate governance variables among Malaysian listed companies after the revision of Malaysian Corporate Code of Governance on 2007.Key amendments emphasized to the Code are based on fortifying board of directors and audit committee functions, qualification criteria for appointment, boards composition, frequency of meetings and necessity for continuos training. The code requirements enables shareholders to assess the annual report more transparently. Intellectual Capital DIsclosure Intellectual capital are intangible assets that provides value to a firm`s core competence and it consists of three components namely, tacit knowledge and innovativeness of employees, infrastructure of human capital and external relationship of the firm...
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...PADINI HOLDINGS BERHAD (50202-A) AA annual report 2012 annual report 2012 AB PADINI HOLDINGS BERHAD (50202-A) Contents Notice of Annual General Meeting Statement Accompanying the Notice of Annual General Meeting Notice of Nomination of Auditors (“Appendix A”) Corporate Information Corporate Structure Group Financial Highlights Chairman’s Statement Statement on Corporate Social Responsibility Corporate Governance Statement Report of the Audit Committee Statement on Internal Control Profile of Directors Directors’ Responsibility Statement in Respect of the Annual Audited Financial Statements Financial Statements Directors’ Shareholdings and Interests Analysis of Shareholdings List of Group Properties Statement Regarding Revaluation Policy Form of Proxy 2–4 4 5 6 7 8–9 10 – 13 14 – 16 17 – 21 22 – 25 26 – 27 28 – 31 32 33 – 97 98 99 – 102 103 104 105 Contents 1 PADINI HOLDINGS BERHAD (50202-A) annual report 2012 Notice of Annual General Meeting For the financial year ended 30 June 2012 NOTICE IS HEREBY GIVEN that the Thirty First Annual General Meeting of the Company will be held at No. 19 Jalan Jurunilai U1/20, Hicom Glenmarie Industrial Park, 40150 Shah Alam, Selangor Darul Ehsan on 18 December 2012 at 10:00 a.m. for the following purposes:AGENDA Ordinary Business 1. To receive the Audited Financial Statements for the financial year ended 30 June 2012 together with (Ordinary the Reports of the Directors and Auditors thereon. Resolution...
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...PADINI HOLDING BERHAD 1.0 COMPANY PROFILE 1.1 Background of the company Padini is a Malaysian-domiciled investment-holding company headquartered in HicomGlenmarie Industrial Park, Shah Alam. Incorporated in 1971 as proprietorship under the trade name Hwayo Garments Manufacturers Company, Padini was initially engaged in the manufacture and wholesale of ladies wear. The company subsequently added men’s and children’s lines to its offerings when it established its first three brands from 1975 – 1987. In 1988, Padini discarded its role as wholesaler to take up the role of consignor. Thereafter, the first single-brand store distributing Seed was opened in 1992 in Sungei Wang Plaza, Kuala Lumpur. The company has nine labels in its family of brands and retail in 330 freestanding stores, franchised outlets and consignment counters in Malaysia and around the world. The company’s subsidiaries include Vincci Ladies’ Specialties Centre Sdn. Bhd., which is engaged in dealing of ladies’ shoes and accessories; Padini Corporation Sdn Bhd., Seed Corporation Sdn. Bhd., Yee Fong Hung (Malaysia) SendirianBerhad (Yee Fong Hung) and Padini International Limited, which is engaged in dealing of garments and ancillary products; Padini Dot Com Sdn. Bhd. (Padini Dot Com), which is engaged in provision of management services, and Mikihouse Children’s Wear Sdn. Bhd. (Mikihouse), which is engaged in dealing of children’s garments, maternity wear and accessories. Tizio was introduced to the public with...
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...Table of Contents CHAPTER 1 INTRODUCTION 4 Quality of life 4 1.1 Company Profile 9 1.1.2 Name of Company 9 1.1.3 Company History 9 1.1.4 Vision & Mission & Core value 11 1.1.5 Business Objectives 12 1.1.6 Corporate Social Responsibility (CSR) 13 1.2 Leadership Profile 14 1.3 Product Profile 16 CHAPTER 2 INDUSTRY ANALYSIS 17 2.0 Porter’s Five Forces 17 2.1 Intensity of rivalry among existing competitors 17 2.2 Threats of entry 18 2.3 Threat of substitutes 20 2.4 Bargaining power of supplier 20 2.5 Bargaining power of consumers 21 CHAPTER 3 EXTERNAL ANALYSIS 22 3.0 PEST Analysis 22 3.1 Political 22 3.2 Economic 22 3.3 Social 23 3.4 Technology 24 CHAPTER 4 COMPETITOR ANALYSIS 24 4.1 VIOR 25 4.2 GIORDANO 27 CHAPTER 5 INTERNAL ANALYSIS 28 5.1 Bases of competitive advantage 28 5.2 Organisational advantages 28 5.3 Functional/Departmental advantages 28 5.4 Inter-relationships with outside bodies 29 5.6 Financial Ratio Analysis 30 5.6.1 Profitability Ratio Analysis 30 5.6.2 Liquidity Ratio Analysis 31 5.6.3 Leverage Ratio Analysis 33 5.6.4 Activity Ratio Analysis 34 5.7 Value Chain Analysis 35 5.8 Target customer 36 5.9 SWOT 37 CHAPTER 6 STRATEGY ANALYSIS 40 Strategic Option A: S1S2S3O1 - Merger and acquisition strategy 40 RACES Evaluation: 41 Strategic Options B: S1S4T2 - Product development strategy (Defensive Strategy) 44 RACES Evaluation: 44 Strategic option C: W1W2T1 - Technology development...
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...BACKGROUND OF COMPANY The Padini Group is principally engaged in the garment industry in Malaysia from 1971. It distributes and retails adult’s garments, children’s garments, ancillary products, maternity wear, ladies’ shoes, bags, belts and other accessories. It distributes nine labels in its family of brands and retail in 330 free-standing stores, franchised outlets and consignment counters, which are located in local and oversea markets. It carry the Made in Malaysia stamp abroad in Bahrain, Brunei, Cambodia, Egypt, Indonesia, Kuwait, Morocco, Myanmar, Oman, Pakistan, Philippines, Thailand and etc. Its products are distributed under the brand name of Vincci, Vincci+, Vincci Accessories, Tizio, Padini Authentics, PDI, Padini, Seed, Miki, and P&Co, all of which are owned by the Group except the Tizio label. In addition, the Group also utilises a number of lesser known house brands to market. It offers for sale in its Brands Outlet stores. The Group has arrived at five reportable segments, which are determined by each of its subsidiaries. These companies are the strategic business units of the Group. The strategic business unit possess various types of brands. From different brands, it provide distinguished and different theme of products to cater different customer segments. These strategic business units are managed separately because they require different business and marketing strategies. For each of the strategic business units, the Managing Director of the...
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...PADINI HOLDINGS BERHAD (50202-A) AA annual report 2012 annual report 2012 AB PADINI HOLDINGS BERHAD (50202-A) Contents Notice of Annual General Meeting Statement Accompanying the Notice of Annual General Meeting Notice of Nomination of Auditors (“Appendix A”) Corporate Information Corporate Structure Group Financial Highlights Chairman’s Statement Statement on Corporate Social Responsibility Corporate Governance Statement Report of the Audit Committee Statement on Internal Control Profile of Directors Directors’ Responsibility Statement in Respect of the Annual Audited Financial Statements Financial Statements Directors’ Shareholdings and Interests Analysis of Shareholdings List of Group Properties Statement Regarding Revaluation Policy Form of Proxy 2–4 4 5 6 7 8–9 10 – 13 14 – 16 17 – 21 22 – 25 26 – 27 28 – 31 32 33 – 97 98 99 – 102 103 104 105 Contents 1 PADINI HOLDINGS BERHAD (50202-A) annual report 2012 Notice of Annual General Meeting For the financial year ended 30 June 2012 NOTICE IS HEREBY GIVEN that the Thirty First Annual General Meeting of the Company will be held at No. 19 Jalan Jurunilai U1/20, Hicom Glenmarie Industrial Park, 40150 Shah Alam, Selangor Darul Ehsan on 18 December 2012 at 10:00 a.m. for the following purposes:AGENDA Ordinary Business 1. To receive the Audited Financial Statements for the financial year ended 30 June 2012 together with (Ordinary the Reports of the Directors and Auditors thereon. Resolution...
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...traditional gateways of Hong Kong and Singapore. In the past year itself, there has been an influx of international brands, which compete on the same playing field as Padini, the most recent being Japanese behemoth Uniqlo and Swedish fashion retailer H&M, which have opened their flagship stores in the Golden Triangle. We believe that given the growing size of the pot, the main barrier to entry would be with regards to the prime retail space which is getting scarce. 2. Bargaining power of buyers – high. The rising income levels, better education and greater access to a variety of brands and labels have resulted in a class of consumers more sophisticated in their needs and preferences. Where customer loyalty is of the utmost importance, retailers have strived to attain superior customer responsiveness by employing various methods of advertisements and promotions, loyalty programmes, as well as to increase customer’s perceived value of a brand. Brands catering to this expanding group of consumers have become numerous but more often than not, these brands pay more attention to the pricing strategies than to the perceived quality of the products under their brands. As a result, many brands fail rather than thrive. 3. Bargaining power of suppliers – low. As with the trend in the fashion retail industry, Padini designs its garments while outsourcing the manufacturing operations to OEM manufacturers. Knitwear and graphic Ts are...
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...for Padini We have discussed the problems faced by Padini. Consequently ,we determined use the three proposed system conceptual framework to solve the problems occur in Padini. The proposed system conceptual framework including Customer Relationship Management (CRM), Information system strategies for dealing with competitive forces and Supply Chain Management System 1) Customer Relationship Management (CRM) Based on the problems faced by Padini, our information system team had decided to apply customer relationship management system to solve the problem that Padini had failed to build a strong relationship between its products and customers. In addition, modules that including in CRM system can helps Padini increasing their sales. Customer relationship management system is a strategy used to learn more about customers' needs and behaviors in order to develop stronger relationships with them. Good customer relationships are at the heart of business success. This strategy depends on bringing together lots of pieces of information about customers and market trends so enterprise can sell and market their products and services more effectively. Customer Relationship Management system examine customers from a multifaceted perspective. These system use a set of integrated applications to address all aspects of the customer relationship, including customer service, sales and marketing. Customer Service Padini is a large brand clothing store in Asian countries. Padini might...
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...5.3LEARNING OUTCOME In PADINI AUTHENTIC, I was assigned as a part-time sales assistant within 2 months.Before working at there,I thought that the job of a sales assistant is very simple.However, just I know this was not a easy job and I learned many things that out of the text book and lecture time after working at there.There are still got many things that I never learnt.During working,I ever feel tension and sometimes will make mistake.”No pain ,no gain.”After learning from the work within this 2 month ,I gain many experience,lessons,knowledge,skills,and have a good impact on my mind ,attitudes and behavior. Through this program, I learnt how to be brave and confident to talk to someone.I was demanded by the Person in Charge to introduce our clothing lines and promotions available to every customer.You just can't be shy and gotta be brave to open you mouth to talk to the customers.Confidence is essential,especially when you are facing with the Singaporean customers.They are really demanding and aren't afraid to complain whenever they find something unsatisfactory about the shop.It's not easy to satisfy these customers, but the hard work really pay off when the customers smile back and say thank you to you. I found that my self-confidence is getting growing up after I work as a sales assistant. I am the entrepreneurship and business student, self-confidence is very important to me for presentation, promote the product to my customers, communicate with my partner or group...
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...PADINI HOLDINGS BERHAD PROFILE Company Profile : Padini Holdings Berhad Ticker : PADINI Exchanges : KUL 2007 Sales : 316,870,000 Major Industry : Apparel & Textiles Sub Industry : Apparel Manufacturers Country : MALAYSIA Employees : 1762 Business Description Padini Holdings Berhad. The Group's principal activity is dealing garment, ladies' shoes and accessories. Operations are carried out in Malaysia and Hong Kong. Industry Trend and Development Going forward, we still firmly believe that issues relating to size and brand power will continue to be the predominant competitive features that businesses in the retail fashion industry have to address. Shopping malls, both new and existing ones, are getting larger, and the stores located within them are also expanding in size. The newly-opened Berjaya Times Square and Ikea Store can attest to that. And given the continuing proliferation of brands and the numerous communication channels that exist, it will get increasingly tougher to reach, secure and retain customers. In this chaotic and rapidly evolving market environment, brands, properly and smartly managed, will provide the stability needed to drive growth and market share. Flashback |1971 |Began operations as Hwayo Garments Manufacturers Company, a sole proprietorship carrying out the manufacturing | | |of ladies garments and wholesaling of the finished products to departmental stores. | |1973 ...
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...KENANGA RESEARCH 29 January 2013 Initiating Coverage Padini Holdings Berhad Maturing gracefully MARKET PERFORM Price: Target Price: Share Price Performance RM1.83 RM1.84 We are initiating coverage on Padini Holdings Berhad (“Padini”) with a MARKET PERFORM call and a target price of RM1.84, which is based on a targeted PER of 11.2x on the company’s FY13 EPS of 16.4 sen. Padini has a strong foothold in the domestic market with a vast retail network of nine labels under its portfolio namely Padini, Padini Authentics, PDI, P&Co, Seed, Vincci, Vincci+, Vincci Accessories, and Miki Kids. The group has grown its retail presence over the years to 48 single brand stores, 26 Padini Concept Stores, 20 Brands Outlets, 155 consignment counters, 15 franchises in the domestic market and over 80 franchises and dealers in the international arena. 5-year net profit CAGR of 24.8%. Padini has a strong track record of revenue and earnings growth. It has a 5-year revenue and net profit CAGR of 18.0% and 24.8% respectively, driven primarily by the aggressive floor space expansion of its high-growth Brands Outlet and Padini Concept stores. In just five years, Padini has almost tripled its floor space to 699,136 sq ft, which a net addition of 129,600 sq in the past year alone. Growing beautifully. With five more stores scheduled to open in early FY14, much of the revenue growth in the interim will come mainly from the gradual maturing of its outlets in new malls, which should then generate...
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...Market Analysis Kouselya Namasivayam SCSJ 001 4698 SeGi College Subang Jaya Investment (BA 343) Ms Bavani Chandra Kumar July 2nd, 2015 Summer 2015 2.0 Table of Contents 1.0 Cover Page 1 2.0 Table of Contents 2 3.0 Introduction 3 4.0 Research Reports 5 4.1 Padini Holding Berhad 5 4.2 Bonia Corporation Berhad 9 4.3 Voir Holding Berhad 13 5.0 Conclusion 16 6.0 References 17 7.0 Appendices 19 3.0 Introduction Textile and Apparel Industry Being a highly open economy, Malaysia’s economy is influenced by the large global economic improvements. In the meantime, uncertainties concerning the strength of global economic prospect and the sharp rise in the oil price have outstretched the concerns. These have given impacts to the market sentiments and lead to volatility substantially in late 2014 and early 2015. On the other hand, the rise in fuel and food prices as a consequence of subsidy restructured by the government had directly affected the inflation rate of the country. As a result, this has brought a softening in consumer sentiments and reduced the household spending power. In other term, the retail industry particularly the textile and apparel subsector were negatively impacted and undergone a very challenging year in 2013. In overall, The Malaysian economy is anticipated to record a deliberate growth of 4% - 5% in 2015, reinforced largely by a continuous development in domestic demand and a robust...
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...Background. Padini began as a backend operation in Malaysia’s apparel industry, manufacturing, trading and supplying garments to order for retailers and distributors. It has entered the new millennium as a major force in Malaysia’s multibillion textile and garment industry, a brand leader involved in the distribution and retail of its own fashionlabels through 190 freestanding stores, franchise and consignment counters. Padini labels proudly carry the Made in Malaysia stamp abroad in Bahrain, Brunei, Cambodia, Egypt, Indonesia, Kuwait, Morocco, Myanmar, Oman, Pakistan, Philippines, Qatar, Saudi Arabia, Syria, Thailand and United Arab Emirates. Padini address various type of fashion for all gender and all ages. They have ten distinct brand which is Padini, Seed, Padini Authentics, PDI, P&Co, Vincci, Vincci Accessories, Tizio, Miki Kids and Brands OutletPadini, Seed, Padini Authentics, PDI, P&Co, Vincci, Vincci Accessories, Tizio, Miki Kids and Brands Outlet. Each of these labels represents a particular fashion philosophy and encompasses a comprehensive range of products that fit into our targeted consumer’s universe. The vision of the Padini Group is to be the best fashion company ever. They aspire to be a global leader in the fashion and retail industry with the highest standards in design, manufacturing, quality, customer service, branding and innovation. As a creatively driven and design oriented group, they want to create fashion consciousness that is stylish yet...
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