Kernex Microsystems (India) Ltd - Stock Valuation and Financial Performance

Kernex Microsystems was incorporated on September 15, 1991 as a private limited company with the object of designing, developing, installing and maintaining software packages for domestic and international markets. They are registered as 100% Export Oriented Unit (EOU) with Software Technology Parks of India, Department of Electronics, Govt. of India, New Delhi.

The company is presently engaged in the business of manufacturing, installing and maintaining of anti-collision systems as well as conceptualizing, designing, and developing certain railway safety and signal systems for Konkan Railways Corporation Ltd. These safety and signal systems are suitable for medium to low speed & density railway tracks like in India and other developing countries.

It entered into technology partnership with Konkan Railway Corporation Ltd, Navi Mumbai for design, engineering and development of anti-collision systems for providing safety to trains in Railways. It hold exclusive license for manufacturing, installation, commissioning and maintenance of anti-collision systems in India. The company also has an outsourced facility for the Konkan Railways Corporation Ltd. for manufacture and supply of ACDs and related accessories.

The company is a technology partner for the development and implementation of ADDs for Metro Sky-Bus Urban Transportation System, Advanced Railway Signal Systems and other safety systems. It holds the exclusive marketing rights of ACD systems all over the world except India.

They developed and exported software packages from 1993 to 2003 namely “Mimex” for GUI application, LearnX a self learning tool, ELX, Flicker, MathX, EzEc Builder, Netcare, E-DOCS, etc. With E-DOCS, They provided powerful, extensible and affordable document management and imaging solutions to companies and organizations looking to reduce their dependence on paper distributed information more efficiently and assist collaboration among users. MathX was an interactive mathematical wizard on MS-Windows, NT and 95 for evaluating complete expressions and solving intricate equations. It provided an easy to use interface to combine equations, graphics and text in single/multiple documents. EzEc Builder package was an integrated Electronic Commerce Tool to create and maintain supermarkets on Internet. It provided a BackOffice administration and an extensive set of canned reports. A virtual ERP, with all facets of electronics commerce, inventory control, financial accounting and customer management. Their turnover increased from Rs. 4.5 Million to Rs. 78 Million during fiscal year 1993 to 2003. In the domestic market, we also developed Intelligent Data Acquisition System and installed on Konkan Railways in 53 stations from 1997 to 1999.

The company started developing Railway Safety systems from 1999 and successfully developed and demonstrated a prototype of ACDs to Konkan Railway Corporation and Members of the Railway Safety Board. In March 2000 we entered into a Memorandum of Understanding with KRCL for Technical Collaboration for developing full scale networked Anti-Collision Systems (ACDs). They, jointly with KRCL, took up an intensive analysis of the major accidents that occurred in India, The functional requirements of the clients and operational safety procedures have been fully considered, for designing the logics of Anti Collision Systems. Based on the concept and domain knowledge provided by Konkan Railway Corporation Ltd, we developed the networked Anti-Collision Devices, using Global Positioning System, Radio Data Communication, Application Logics and Inter facing these with an Auto Breaking System developed by KRCL.

With operations in USA and planned operations in Far East, Africa and Middle East, Kernex is truly a global player in the offing.

Product range of the company includes:

• Raksha kavach- It is a fully integrated, state of the art electronic control system designed to minimize collisions and increase safety on any railway network, both freight as well as passenger trains. It is a non-vital system providing an additional layer of safety in train operations to prevent dangerous train collisions, caused due to human errors or limitations and equipment failures.
• Auto Control System - Auto control system (ACS) from is a cost-effective solution for rail based urban mass transportation. It can be used in both Manual and Auto mode operations. It supports Drivers, Station managers and Supervising staff with automatic functions and display information. This system monitors and controls continuously rail movements, Rail and station operations with the help of fail-safe signaling methodologies
• Satdham Safety System (SSS)- The present signal systems involve fixed optical signals and physical monitoring wherein track circuits and relays are used. These are further linked and net worked with complex logical paths and routes on which a train is to be received or dispatched. Physical wiring and very large number of relays with on / off status are combined and designs with layout plans for wiring are prepared laboriously to ensure interlocking of signals.
• Auto Tracking And Safety System (ATS) - Advancements in Modern communication technology can effectively be used to provide solutions and improve quality and efficiency of our transportation system. ATS is a fleet tracking, security and management solution for owners of vehicles to obtain information on the location and status of each vehicle in real-time.
• Accurex- Accurex is a state of art Data Acquisition System developed and engineered by Kernex Microsystems ( India ) Ltd., Hyderabad . Accurex follows open systems standard and can be used for a wide range of applications such as Railways, Process Industries, R&D establishments, Defence establishments etc. Accurex comprises of a Central Monitoring Unit (CMU) and a number of Intelligent Data Acquisition Systems (IDAS) connected on a wide area network, which can be based on a copper cable, Telephone network, Optical Fibre cable, VHF/UHF/Microwave/GSM Radio network or Satellite link.
• Edocs- Edocs is a 100% browser-based document management system that transforms the way businesses work with both paper and electronic documents. Enterprise and/or departmental applications involving: Document Management and Workflow Scanning PDF file management It can be easily implemented at a fraction of the cost of older client/server systems. The cornerstone of EDOCS's architecture is a COM-based API, which integrates seamlessly with other Windows® NT-based Internet, Intranet, or extranet applications.

The customer list of the company includes:

• Konkan Railway Corporation Limited (also a technical partner)
• North-East Frontier Railway
• SKYBUS METRO Corporation Limited
• DAXPRO, Kuala Lumpur, Malaysia
• Electronic Corporation of India Limited
• Singareni Collieries Company Limited
• Wolverine Information Systems Inc. U.S.A
• JKL Corporation Fremont, CA, U.S.A