EPS file with tight BB & Psfrag labels [closed]

Question

I have an eps file: "model.eps" here:

http://petitlien.fr/my_test_file

The content preview is here:

http://apercu.petitlien.fr/my_test_file

I wish to make label replacements in the eps file using the psfrag commands as follows:

\psfrag{A}{$m$}
\psfrag{B}{$k$}
\psfrag{Y}{inner boundary}

This is relatively easy to do with the psfrag package loaded such as in:

\documentclass[]{article}
\usepackage[dvips]{graphicx,color}
\usepackage{psfrag}
\begin{document}
\thispagestyle{empty}
\begin{figure}
\psfrag{A}{$m$}
\psfrag{B}{$k$}
\psfrag{Y}{inner boundary}
\includegraphics{E:/test/model.eps}
\end{figure}
\end{document}

But the above code will create an A4 paper with the figure in the middle. I don't want this.

What I would like to have is:

1. An new EPS file with the labels replaced by the psfrag commands. This new EPS file must have the same bounding box as the file "model.eps". This means if in GSView, I activate options > EPS Clip, then I must just see a tight bounding box around the new EPS file as in "model.eps". So this will result in a standalone EPS file with the labels properly replaced.

2. A method to convert this EPS file say to a PDF file but with the resulting file having the same "bounding box" size as the EPS file.

Psfrag is a wonderful tool and it would be great to be able to produce a standalone EPS with a tight bounding box and with all appropriate labels included via Psfrag.

Thank you for any suggestions and answers

---

Update

I have been looking at psfragger

http://www.ctan.org/tex-archive/support/psfragger

but it doesn't work. It is not maintained anymore.

---

A solution

The standalone package seems to work fine. I can obtain a tight pdf file through latex > dvips > ps2pdf.

\documentclass{standalone}
\usepackage[dvips]{graphicx,color}
\usepackage{psfrag}
\begin{document}
\psfrag{A}{$m$}
\psfrag{B}{$k,c$}
\psfrag{Y}{inner stator bore}
\includegraphics{E:/test/jeffcott.eps}
\end{document}

However the ps generated in the process (with dvips) does not appear well. Any reason for that?