Rapid Prototype Blog

Posts Tagged ‘company’

Winding Up A Company

In these hard economic times business is very hard. If you are a company director looking for a bit of advice because your Plastics business is struggling, you have come to the right place. I have created many articles which try to help a director take the right steps in either closing or liquidating a business or pre-packing a sale and starting again.

Firstly if your Plastics company is insolvent you have a duty as a director to close the company and not incur any further debt, unless you can be pretty sure that you can put in place a rescue plan to turn that business around. If you can’t them you need to liquidate the company yourself or take professional advice on how best to close the business in an orderly fashion.

By far the most popular choice is to engage an insolvency practitioner to call a meeting of creditors on your behalf, prepare the statement of affairs, hold the meeting and then deal with all the procedural aspects of liquidation necessary to make sure all creditors now what is going on and how they can participate in any dividend. This is called a CVL or creditors voluntary liquidation.

There is a fee for all this and generally it will be about £5000 whoever you use around the country. There are some advertisements for liquidations at less than this but by the time all costs are accounted for, it will still come in at about the same sum.

These costs can come out of the assets of the Plastics company and indeed many businesses do have just enough assets or cash to take this final step. For many businesses, the central core of what the business does is still profitable and so often directors will want to continue to trade. This is easily possible and a sale of assets can be arranged to a new company and a lease re-assigned by a landlord, which often leaves the new company trading on in the same line of work from the same premises.

A business venture that aims to become competitive in the 21st century would be better off having a reliable technology company, like FARO, on its side.

FARO is a world-known NASDAQ-listed company that specializes in the development of software and computer-aided measurement systems. The FARO headquarters is found in Lake Mary, Florida in USA.

But since it markets its products worldwide, FARO has offices in every major part of the globe. Its European headquarters can be found in Korntal-Münchingen near Stuttgart, Germany while its Asian headquarters can be found in Singapore.

FARO has at least 909 human resources distributed all over its European and Asian headquarters as well as in its branch offices in Switzerland, United Kingdom, Spain, Poland, Korea, India, China, Italy, France, Canada, Spain, Turkey and the Netherlands.

FARO Products

Companies that deal with component assemblies, inventory documentation, inspecting components and production planning are well aware of the importance of using only products that have been duly certified. FARO’s product lines are reliable when it comes to the digital scanning of historical sites as well as in reconstructing crime scenes and investigating accident sites.

Production and assembly processes are made more efficient through the use of FARO’s high-precision 3D measurements. Truly, the industry-specific software solutions of the company, along with its portable coordinate measuring device, let companies to conduct 3D scanning even in hard-to-reach areas.

Among the highly in-demand products FARO products are the CAM2® Measure and CAM2® Q measurement and reporting software which are CAD-based, the TrackArm, the Laser Tracker ION, the FARO Laser Scanner Photon, the FARO PowerGage, Gage Plus and Gage Standard as well as the Laser ScanArm, Fusion, Platinum, Quantum FARO measurement arms.

FARO is ISO Certified

The company has been a trusted corporate partner for modern companies that do not want to gamble with their business processes. For starters, FARO is not only ISO 9001:2000-certified, but it has also been certified under ISO/IEC 17025:2005.

ISO 9000 certification is vital for global-operating companies since it means the company follows a set of standards of quality management systems as provided by the International Organization for Standardization or ISO. The requirements for the standards are changed over time depending on the need.

As ISO standardization is commonly applied in manufacturing, it has grown and is now used in a variety of organization and products including software and services. A company such as FARO can claim to be ISO 9001-certified or 9001-registered if it has been audited and certified independently to be in conformance with the specified standards.

While an ISO-certification does not guarantee a precise quality of the services and end products provided by a company, it does nevertheless certifies that the formal business processes are being used which includes the keeping of adequate records, the monitoring of company processes to ensure their effectiveness, checking of defects and implementation of corrective measures among other.

With all these, FARO customers can expect that the company can provide a solution for their toughest inspection challenges, no matter if they are accessible in the company facility or anywhere they need FARO’s portable measurement solutions. With FARO, a company can expect to get a free demonstration of its portable systems for 3D measuring as well as a reliable advice to help the company choose the best solutions for its requirements.

With the Laser Scanner LS, FARO offers a 3D measurement device, capable to capture large volumes within a very short time. This video explains the basic principles of its operation and applications

More and more business owners and company employers are recognizing the need to buy their own ID card printers. These printers give you multitude of benefits. For one, they save you time and money because you no longer have to outsource your ID card printing needs to an outside printing service company. Apart from that, you can also customize your ID cards and make sure that they represent the business or company properly.

For most business owners who have experience with these types of printers, buying one for the business or company is not so much of a difficult task. However, it is important that you do your homework first before you buy this type of printer to ensure that you end up with the one most suitable for your needs and preferences. To ensure that you land the best option, here are the questions that you should ask yourself first before you go out or online to shop for this printer.

Do I need a card with a single side or double sides?

First, you have to determine whether you need single-sided or double-sided ID cards. Single-sided cards are practical for simple uses like student IDs and employee IDs. However, you can benefit from a double-sided card, if you have a large company or corporation or if you need the card to have additional information or security. Making a choice between the two prior to buying the printer will save you a lot in future costs.

Should I go for a monochrome or multi colored ID card?

Another question you need to answer is whether you need to print colored or monochromatic images on the ID cards. Monochromatic ID card printers are less expensive than full color printers but most business owners go for the latter because it is costlier to buy additional printer if they decide in the future to go full color.

Would I require additional features such as smart cards, proximity cards or magnetic stripes?

It is best that you get to know about these features before you make an attempt to purchase a printer for ID cards. Modern ID Card Printers do not only print information on the ID but also encode magnetic stripes, smart cards, and proximity cards to enhance usability and to increase security. These types of printers come equipped with preinstalled software that manages the printed and encoded data. These features are practical for banks, schools, hospitals, and large offices. Not only do these features promote ease of use, they also provide higher security.

Do I need to print ID with holograms?

Apart from the features mentioned above, there is another feature that you can consider for your ID card printing and that is printing of holograms. Holograms are effective in reducing risk of loss and alterations or forging of printed images. If your employees’ IDs have holograms, it would be difficult for an outsider to create a similar fake ID and get into your company.

Once you are able to answer these questions, it would be easier for you to buy the ID card printer that will be most suitable for you and your business.