Fine Line Circuits Limited

Our vision for Fine-Line is to be a Reliable, Quality, Medium Volume Manufacturer, Exporter, “Pleasing Customers 100 %” in the Complex High Count Multilayer Printed Circuit Boards.

To compete in the world markets, we are continuously improving our capabilities to handle higher PCB complexity (thinner lines & smaller holes) and gear up for smaller lot sizes and shorter lead times with broader range of materials and finishes.

" World Class: UL Approved, ISO Audited".

We monitor processes using SPC methods to bring you consistent world-class quality. Our equipment is at par with the prominent world-class PCB manufacturer's equipment. We use the finest raw materials: Chemistry by Atotech and Laminates by Isola & Nanya. Our engineering staff brings over 1000 person-years of PCB manufacturing experience. As a publicly traded company in the growing Indian economy, we have access to a vibrant capital market helping us expand our capabilities with your growing needs.

• 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.

 

It is hereby agreed and adopted that the Directors of M/s Fine-Line Circuits Limited shall observe the following Code of Conduct and discipline:

Code of Conduct for Directors of M/s Fine-Line Circuits Ltd.

In view of the fiduciary capacity of the directors, appointed by and representing the Shareholders to manage the affairs as trustees, it is essential to have demarcated duties/ responsibilities and obligations. To enable them to function independently, without any bias or prejudice, the following Code of Conduct be and is hereby adopted by the Board to be followed from 1st April 2005 as per the provisions contained in the Listing Agreement.

Disclosure of Interest and Avoidance of Conflict of Interest

1. Any Director having financial or other interest by himself or through his relatives in any party contracting with the Company including vendors and customers, or in an Organisation which is in competition with the Company shall make such interest known to the Board at the first opportunity and shall abstain from any discussion or decision-making on matters related to the Company and to such contracts or to the competitor. The Director shall have to disclose his direct or indirect interest in relation to any contract or arrangement or proposed contract or arrangement entered into or to be entered into by the Company. 
2. The Director shall make a general disclosure of interest every year in the Form prescribed under Section 299 of the Companies Act, 1956, with the changes, if any, notified to the Board from time to time.
3. Notwithstanding such disclosure, except with prior consent of the Board, a Director or his relative or a firm in which such Director or his relative is a partner, or any other partner in such a firm, or a private company in which such Director is a member or director, shall not enter into any contract with the Company having monetary implications.
4. A Director shall disclose his investments in the Company and in its holding company or subsidiary, if any, and changes therein, if any, from time to time. 
   

It is hereby agreed and adopted that the Senior Management Personnel of M/s Fine-Line Circuits Limited shall observe the following Code of Conduct and discipline:

Code of Conduct for Senior Management Personnel of M/s Fine-Line Circuits  Ltd

The ‘Senior Management Personnel’ shall comprise employees at the level just below whole time Director/Executive Director, and holding positions such as President, Senior Vice Presidents and Head of the Company’s Works (Vice Presidents, General Managers, Sr. Managers, as the case may be) forming the core executive management team of the Company.  Working under the superintendence, control and guidance of the Managing Director/Executive Director.

They shall be responsible for implementation of all management decisions concerning the operations of the Company and for achieving its business objectives. 

While doing so, they shall uphold and protect the Company’s reputation for integrity and fair dealing and to set examples within the Company.

1. Avoidance of Conflict of Interest
2. Business Integrity and Ethics
3. Terms and Conditions of Employment and legal compliance
4. Investment in Shares of the Company/Code for prevention of Insider Trading
5. Not to make a secret profit
6. Confidentiality
7. Non-compete

Fine-Line Circuits Ltd. Being an export oriented unit has been continually
Maintaining its capabilities to cover standard design & complexities.
Please see product capabilities for details.

Given the forth coming lead free environment FLCL offers a variety of lead free finishes. Please see the finishes for more details.

To continually enhance the capabailities to meet growing customer requirement we have a clear technology road map that we persue. Please see the technology road map for more details.
(We welcome your valuable feedback & suggestions on our technology roadmap).

Fine-Line Circuits Ltd is a Publicly Traded Corporation on the Bombay Stock Exchange growing at an average annual rate of 21% per annum for the last 5 years and is a financially stable and conservative company and conducts business purely on Cash Flow Basis, funded by internal accruals.

The management philosophy is to remain austere, earn daily and govern with transparency and values.

Alongwith employee skills & involvement, equipments play a very important role in PCB manufacturing. Fine-Line's equipment base consists of state of the art equipments in key manufacturing areas like:

(1) MLB Press-Lauffer (Germany)

(2) CNC Drilling-Excellon (USA),Posalux (Switzerland)

(3) Plating-Direct Metallisation of Nubal

(4) Wet Process-IS,Marseco (Italy)

(5) Electrical Flying Probe Testing-ATG (Germany),Mania (Germany)