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Company Aspiration
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Our Business
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Structure & Guiding Principles
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Code of Conduct
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Draft for Appointment of Independent Director
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Conflict Mineral Free Sourcing Policy
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Policy on Related Party Transactions
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Whistle Blower Policy
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Code of Internal Procedures & Condict
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Code of Practices & Procedures
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Criteria for Selection of Candicates for Senior Management and Members on the Board of Directors
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Evaluation of Directors
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Familiarisation Program for Independent Directors
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Remuneration Policy
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Policy on Board Diversity of the Company

 

 

 

FINE LINE - A PCB REMBRANDT

COMPANY ASPIRATION

• Our Aspiration for Fine -Line is to be a Performance Drivern, Reliable, Continuously Improving, High Quality, Medium Volume independent manufacturer, exporter" Pleasing customer 100%" in the complex High Count Multilayer PCB.

• To achieve true & sustainable MIL Approval & ISO 9001:2000.

• To have a manufacturing base in each of the major market served by the company.



OUR BUSINESS

• To complete in the world markets by continuously improving capability to handle higher PCB complexity (thinner lines & smaller holes) and gear up for smaller lot sizes and shorter lead times and border range of materials & finishes all at a continuously reducing selling price.



STRUCTURE & GUIDING PRINCIPLES

A) Capital Adequacy :

• Do business on cash flow & No liabilities basis using realized Internal Accruals for Capital expenditure & Equity Buy backs.

• Perpetually retain the financial Reserve for opportunities by having a Liquid Balance Sheet & keep all expense provisions supported by fixed deposits.

• Creditors only for Capital Expenditure.

B) Asset Quality :
I) Manpower :

• Motivated and involved Management Team professionally working with passion and committed for the long haul to fiercely complete and achieve ever increase goals.

• Multiskilled and Multifunctional abilities at all levels.

• Open and clear spoken and written communication, internal and external.

• Complete mutual support, no follow up required & to ensure each person's output gives boost to the other.

• Clear job clarity & career path with half yearly reviews and annual appraisals.

• Constant training & grooming by each person to there team members.

II) Manufacturing :

• Final yields of 98% on SS, 96% on DS & 94% on MLB & FPY of 85%.

• OTDD of 99% by value and area & max 1 day late on no more than 1% of the orders by area.

• Cycle time of DS 7 days, 4L 10 days, 6L 14 days & continuously reducing.

• SOP/QA/WRP in every area and constantly update them.

• Judiciously and continuously invest and implement "LEAN MANUFACTURING" concepts and reduce rework, inspection, interim process steps and achieve quick-change overs.

• Constantly search for good used equipments.

• Smooth Factory & Departmental layout for convenient material movement.

• Achieve average age of key of machines to be under 6 years in 3 years.

• Good clean Housekeeping & Environment friendly operations, review factory security annually.

III) Material :

• Inventory level of 25 days

• Minuscule Import and Export Clearing Charges.

• Annual purchase cost reduction of 10% in "A" material & 15% in "B" &"C" material.

• Continuously develop new vendors & AMC contractors.

IV) Marketing :

• A process in place to get through customer insight, to develop high value, added customer offerings and keep up through customer interaction.

• A wide customer base with top 4 customers to account for only 25% of sales & no customer more than 8%.

• 2 months order backlog.

• Constantly generate new MLB customers Prospects & contacts and access better priced markets and get timely paying customers through an active sales force & representatives network.

V) Accounts :

• Capitalize only machines.

VI) R & D :

• Continuously absorb and consolidate technology and offer new "Golden" products and new finishes &move up the pcb layer count to reach a 60% Gross Margin.

• Clear Technology Road map for rolling two years.

C) Management Philosophy :

• Earn daily, remain austere & transparent & govern with values, financially conservative & low profile, never compromise on quality, have clarity of role & accountability & measurable milestones & goals, follow best practices, open office, meticulous filing, detailed MIS, no work backlog, track every panel, rupee and man hour, perform to budgets with good internal controls & internal audit.

• True board of directors' participation with board package sent 7 days prior to quarterly board meetings.

• To become more web enabled - web site, Online status, Engg. Data transfer & a less paper environment.

• Well - defined forums for all other areas.

• No employee will accept nor ask for any financial consideration/gifts for personal use from any Agency.

• To have a work place that is pleasant and gives an enjoyable working experience.

D) Earning Capability :

•  Work towards putting in place a Sustainable Competitive Advantage (of product and of serviceable markets) than can be executed in the coming years to ensure sustainable Annual Net Profit growth of 60%.

E) Liquidity :

1. Timely paying customers and receivables to be under 30 days.

 

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