Hi,
Thanks for highlighting this issue.
Here is the css code which u can put in custom css script box in backend.
.loginform1 .form_row{ padding-bottom:10px; }
.loginform1 label{ width:32%; display:inline-block;}
.loginform1 input[type="text"], .loginform1 input[type="password"]{ width:60%; display:inline-block;}
.forgot_link{ padding:5px 0;}
.forgot_link a{ text-decoration:none; display:block; }
.loginform1 .b_signin{ margin-bottom:10px;}