4.

CONCLUSION Padini Holdings Berhad is a retailing company which sells fashion wear and accessories.

It has been incorporated for 32 years since year 1979. While Tiger Synergy Berhad is a manufacturing company that provides furniture parts. It has been incorporated for 17 years since year 1994. Total amount of funding in terms of short-term, middle-term and long-term of Padini is RM348,507,000 which are RM104,050,000 (29.86%), RM5,376,000 (1.54%) and

RM239,081,000 (68.60%) respectively. As we can see, the long-term of funding has occupied the largest percentage. For Tiger Synergy Berhad, it has short-term, middle-term and long-term which are RM15,189,217 (39.10%), RM7,064,044 (18.19%) and RM16,590,164 (42.71%) respectively. Long-term of funding has occupied the largest percentage in the company. (Refer to Appendix 1) The major sources of funding of the both companies are long-term funding. Padini Holdings Berhad as a retailing company has the amount of RM239,081,000 which is higher than Tiger Synergy Berhad as a manufacturing company of an amount of RM16,590,164. This may due to Padini has been incorporated 32 years much longer than Tiger Synergy Berhad which just 17 years. Padini is an established company, having some years of financial success and thereby approved for more long-term bank loans than Tiger Synergy Berhad. Besides that, Padini is having more long-term funding amounts than Tiger Synergy Berhad because of the share capital. Paid up capital of Padini has an amount of RM65,791,000 which are more than Tiger Synergy Berhad that is having RM3,520,000. This is because Tiger Synergy Berhad had undertaken share capital reduction by the cancellation of RM0.80 of the par value of every existing ordinary shares of RM1 each to be off-set against the accumulated losses made by the company. Therefore, the ordinary share of Padini is RM0.50 each while for Tiger Synergy Berhad is RM0.20 each. Padini has larger amount of reserves than Tiger Synergy Berhad. In Padini, there is an amount RM2,666,000 of non-distributable reserves, including share premium which can be used for share buy-back and to fund growth and expansion for Padini. There is also an amount of RM165,875,000 of distributable reserves. For Tiger Synergy Berhad, there is only an amount of RM13,051,632 of total reserves, including share premium, revaluation reserves and warrant reserves.
7