FINE LINE - A PCB REMBRANDT
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.
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.