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Prowess Version 3.1 Basics
By: Ashwati Nath (Information Officer)
CMIE CENTRE FOR MONITORING INDIAN ECONOMY
India’s Leading Business and Economic Database and Research Company
11, Apple Heritage, 54-C, Andheri-Kurla Road, Andheri (East), Mumbai-400093 Tel: 30880099 Fax:022-26870696 E-mail: firstname.lastname@example.org Website: www.cmie.com Prowess: Basics
prowess packages a normalised database in a versatile and amazingly powerful software. In short. which grants unlimited querying power to the user. More than 2000 indictors are present.3 What makes Prowess so powerful? The Prowess database is highly normalized.CMIE 1.4 What is meant by normalization of the database? Different companies present accounting information differently. Prowess: Basics 1 . The coverage includes public. These tools make data mining very easy and less time-consuming. finding the proverbial ‘needle in a haystack’ can be done in a matter of minutes. Databases are also subjected to rigorous formal validation and quality control. listed or otherwise. 1. CMIE's methodological framework for database normalization addresses this problem. highly trained human resources and sophisticated technologies ensure that Prowess is the most up-to-date corporate database in India. private. It comprises data (both financial and non-financial) on more than 22000 Indian companies. Prowess’ inbuilt normalization ensures that comparision made between companies or on a set of companies is totally error-free and correct down to the last detail. 1. 1. The database is built on a sound understanding of accounting standards and disclosures currently prevailing in India. growth rates. The database in Prowess is complemented with powerful analytical software tools to enable extensive querying and research. Data includes: • Financial Statements (Annual Reports and Interim Results) • Fund Flows • Ratio Analysis & Technical Analysis • Product and Raw material Profiles • Share Price data • Shareholding patterns • Capex Data • M & A data • Miscellaneous 1. Prowess has intra-day updates as well as daily updates that can be downloaded from the internet. co-operative and joint sector companies. Inter year comparison.2 What kind of company data is available in Prowess? All relevant data required to perform an analysis of a company is present in Prowess.1 What is Prowess? Prowess is a database developed by the Centre for Monitoring Indian Economy. In other words. Rich analytical reports are based on a carefully normalized database. Such a scenario would lead to errors if comparision between different companies were made.5 Is Prowess up-to-date? A sprawling nation-wide network to collect information. An Introduction to Prowess 1. inter-company comparisons and industry aggregates are all compromised by the uncritical use of raw data from annual accounts.
CMIE The database is kept up-to-date at the users end by providing daily. The prowess query system is a powerful and simplified step by step approach to access the entire database to identify companies that meet your specifications. weekly and fortnightly updates as per user’s convenience. Prowess: Basics 2 . This enables the automatic encapsulation of intelligence in your queries. Specially developed functions and a system of macro building makes querying with expressions an enjoyable and exciting experience in prowess. • Structured Selection Process: The Prowess database has been empowered with a knowledge base to assist querying. Querying thus gets more powerful and yet gets simpler. which embodies these unique characteristics through its layered groupings simplifies querying on products. Every part of the database is made intelligently queryable and all kinds of queries can be combined in infinite ways.6 What makes Prowess unique? The following three features make Prowess unique and the best in its league: • Queries: Query is the most powerful feature in Prowess. It enables an unparalleled and inexhaustible process of discovery. However. Prowess takes you a step ahead of the usual expressions. The structured selection process. • Expression based Selection: This is the most versatile feature of any querying system and undoubtedly an integral part of Prowess. locations and ownership groups. 1.
CMIE 2. 2. Moving the mouse over the icon reveals name of these icons. All the various indicators are classified into various submodules as per the appropriate classification.1 The Welcome Screen The following screen is observed when Prowess is opened/activated: These are the various submodules under a particular query module All the financial indicators are by default mentioned in Rs. Prowess: Basics 3 . Prowess Basics In this chapter. Crores These are the various query modules (menu) Indicates the data till which Prowess is updated The query module window is the window within Prowess where the various parameters/ criterion is inserted. especially the first three are of prime importance. The execution of a query is always done in a query window. all the basic functions and modules of prowess that are important are explained. As one can observe. The menu will henceforth be referred in the document as query module. Each query module is further classified into sub modules. 2.2 The Important Icons The third row of icons from the top. the menu on the left is the query module menu. These icons are basically used to navigate between various windows within Prowess.
Prowess: Basics 4 . one can revert back to the query window by closing the popup window. non-financial data in columns of the output sheet. From the transfer pricing view. Add Col: To add required financial. c. ADD COL & AND are important. NEW a. b. Analysis Worksheet: Is a special type of output sheet that comes into display when multiple data is available for the same indicator. click on this particular icon. Use this icon to revert back to the query window. Or: Retains all those companies. the execute commands NEW. Not: Retains only those companies on the output sheet that do not satisfy a given criteria input by the user. To view a current output sheet. This command is also used to find all those companies. 2. e. which satisfy a set of conditions input by the user.3 Execute Commands Processing of the input parameters and indicators will begin only when a execute command button is clicked using a mouse. After viewing reports. d. Reports window: This is a pop-up window. NOT. which satisfy any one of the multiple conditions input by the user. And: Retains only those companies on the output sheet that satisfy a criteria input by the user.CMIE Query Window Reports Window Output Sheet Analysis Work sheet Chart Query Window: The various indicators required to extract information is available in the query window. Output Sheet: Is an excel-like sheet where the output of a query is displayed. a lot of juggling/toggle will be required between the query window and the output sheet. ADD COL. In the case of transfer pricing. Chart: Becomes active when the output sheet is open. Used to generate graphs. These commands are displayed at the bottom right in the query window. Understanding the Execute commands: AND. New: To create a new output sheet containing the list of companies/sets on which the user wants to run the query. which gives rich and detailed reports for the selected company or set currently on the output sheet or a selected company within the query window.
Query by Finance Stocks/ Mergers & acquisitions iv.cof file saves the companies along with all the other columns that are currently displayed on the concerned output sheet. Query by Product Segments/ Product Raw Materials As a user set (.xls): This facility to save the output as an excel file is available to allow portability.cof): This facility enables the user to save the output in prowess format. In such a case. The output saved as an excel file can then be viewed on nonProwess PCs. based on need so that they can be retrieved for future use. Note: All the various methods to save the output are also available under the file menu option . • As an analysis worksheet (.cof) is that the user set saves only the name of the companies while .psu): The user can create can create and save a user-defined set of companies for future use.CMIE 2. Icons for saving the output sheets are available in the second row from the top in Prowess.aws): In certain output sheets. It is important to note that while data can be exported to an excel file. the output sheet takes the form of an analysis worksheet. Open previously saved prowess file Saves as prowess file Saves output as multiple prowess files Saves as excel file Saves as word file Saves as user set Splits user set How to save output sheets for further use in future or as reference points • As an excel file (. Following are some of the modules within Prowess where the output is in the form of an analysis worksheet. Query by Basic Information/ Major Equity Holders Information v. • As a prowess file (. All files are saved by default into a folder called ‘usercof’ in the installed prowess folder. i. Query by Finance Stocks/ Credit Ratings ii. An important difference between a user set and prowess output file (. Query by Finance Stocks/ Capex iii.4 How to save the outputs: Output sheets need to be saved in the various format. Files thus saved can later be opened using the Open File icon. each company may consume multiple rows due to multiple data displays for selected indicators. • Prowess: Basics 5 . it cannot be imported back into prowess. Query by Basic Information/ Location of Plants vi.
Prowess: Basics 6 . Equity Holding Information Query by Basic Information/ Equity Holding Information.5 The Most Commonly Used Modules Following is a list of the most commonly retrieved information from Prowess and where it is available: i. Annual Report data Query by Finance Stocks/ Audited Financial Results ii.CMIE 2. Quarterly Data Query by Finance Stocks/ Interim Financial Results iii. Stock Market Data Query by Finance Stocks/ Stock Prices & Indicators iv.
The default value in the Query on Year Field is ‘L ‘ which stands for ‘latest available year’. sound understanding of this feature is vital. Query on Year QUERY ON YEAR FORMAT= YYYYMM Prowess: Basics 7 . AUDITED FINANCIAL RESULTS Audited Financial Results contain Annual Reports data.CMIE 3. Required indicators should be selected by placing in a tick against the required expression in either the ‘S’ (standalone) or ‘C’ (consolidated) column. The year for which data is queried on is input in the field labeled ‘Query on year’ in the Audited Financial Results sub-module. The ‘Query of Year’ Field As the year for which the data is queried for is of paramount importance. Data is available separately for Standalone and Consolidates accounts. This information is updated once a year.
For example: Year ending March 2006. Entered format should be a single string) • To execute a conditional query which has to be true for multiple Years. This leads to the obvious question as to how companies.CMIE Illustrations for Query on Year: • To find data for Year Ending 31st March 2008. Prowess scans the database for all the records entered from 1st April of the previous year to 31st March of the entered year and outputs the retrieved record. year ending March 2006 and March 2008. The Prowess software is intelligent enough to retrieve such records even if the entered year (suppose 200803) is March ending. Query on Year: LA3 • To find data for at least one of the latest five years Query on Year: L5 Querying data for Non-March ending annual reports of companies. For example: Year ending March 2007 or March 2008. Query on Year: 200803 • To find data for both the Years viz. This is a non-issue. all the examples in the yyyymm format contained the month of March as the financial year ending. use RANGE FORMAT: YYYYMM-YYYYMM Query on Year: 200503-200803 • To query on data for all available years: Query on Year: ALL • To find data for latest available year Query on Year: L • To find data for latest all the latest three available years. Query on Year:200603&200803 (No space to be left between the years. Thus. In the above stated examples of ‘Query on Year’. September or June financial year ending companies can be queried. When the date is entered. which might have their financial year endings in a nonMarch month can be queried. • Query on Year: 200603&200703&200803 • To find data for at least one of the two Years or to execute a conditional query that should be true for at least one out of two years. March 2007 and March 2008. Prowess: Basics 8 . even December. Query on Year: 200703|200703 (The ‘or’ symbol is entered by Shift + backward slash button) • To find data from March 2005 to March 2008.
This data is available on a quarterly basis. During such times. The quarter for which data is required is input in the field labeled ‘Query on Period’ in the Interim Financial Results sub-module. the data output for ‘SA’ is annual in nature as the name indicates.CMIE 4. The SA values assume particular importance in May to September when the audited annual report of a listed company remains unavailable (Companies have a six-month period after a financial year is over to audit and declare their annual accounts). the user can make use of the unaudited annual report data available here. SA gives the unaudited annual report of a company by aggregating values of the four available quarters for a financial year. CA (Consolidated Annual): Is similar to SA with the only difference that it provides unaudited consolidated annual accounts data of companies.e. Prowess: Basics 9 . The various expressions available are divided into four categories: SQ (Standalone Quarterly): Gives the standalone data for a quarter(s) entered in the ‘Query on Period’ field. Interim financial results are mostly available only for listed companies within Prowess. CQ (Consolidated Quarterly): Gives the consolidated data for a quarter(s) entered in the ‘Query on Period’ field. Data is usually updated within a month after a particular quarter gets over. SA (Standalone Annual): Unlike ‘SQ’. INTERIM FINANCIAL RESULTS Quarterly accounts i.
December 2008 and March 2009. Query on Period: 200703|200703 (The ‘or’ symbol is entered by Shift + backward slash button) To find data from June 2006 to March 2009. Query on Period: 200806&200809&200812&200903 To find data for at least one of the two quarters or to execute a conditional query that should be true for at least one out of two quarters. Refer to page 8 for illustrations. For example: Quarter ending September 2007 and September 2008. they are queried for various data in exactly the same way as in Audited financial results. Query on Period: 200812 To find data for both the quarters. Query on Period:200709&200809 (No space to be left between the quarters. Prowess: Basics 10 . For example: Quarters ending June 2008. September 2008. use RANGE FORMAT: YYYYMM-YYYYMM Query on Period: 200606-200903 To query on data for all available quarters: Query on Period: ALL To find data for latest available quarter: Query on Period: L To find data for latest all the latest three available quarters/ To run a conditional query that is true for all the latest available three quarters: Query on Period: LA3 To find data for at least one of the latest five quarters/ To run a conditional query that is true for all the latest available five quarters: Query on Year: L5 • • • • • • • • Querying data of type ‘SA’ and ‘CA’: Since the data values within SA and CA are annual in nature. For example: quarters ending March 2007 or March 2008. Entered format should be a single string) To execute a conditional query which has to be true for multiple quarters.CMIE QUERY ON PERIOD FORMAT= YYYYMM Illustrations for querying data of type ‘SQ’ and ‘CQ’: • • To find data for period Ending 31st December 2008.
‘Quarterly’ etc. it is imperative to specify the exact date for retrieving required information. FORMAT FOR STOCK PRICES & INDICATORS: YYYYMMDD The ‘Interval’ field: When large date ranges are entered into the ‘Query on ‘Date’ field. Daily: Is the default interval. The interval field indicates the frequency of the data displayed for an entered date range in Query on Date. Select one of the following choices based on need: i. STOCK PRICES AND INDICATORS All stock market related indicators for listed companies are available under the module ‘Query by Finance Stocks/stock Prices & Indicators’.CMIE 5. Te data under this module is updated on a daily basis (depending on whether it is a trading date or not). ‘Monthly’. Prowess: Basics 11 . the user may need to limit the daily frequency of retrieved data to lower frequencies like ‘Weekly’. Weekly: Displays data for last traded date of every week within entered date range. The ‘Query on Date’ field: Since data in this module is updated daily. Displays data for every single traded date entered within Date Range ii.
Query on Date: 20090412 (This is a Sunday. The ‘Date Proximity’ Field: Often. Latest: Indicates that Traded date should either match the Entered date or should be the nearest available traded date (back-dated) iii. Query on Date: 20080101-20081231 Select Interval: Weekly • To view data for the date closest to 12th April 2009. Similar to above options.CMIE iii. (back-dated) vi. ‘-30’. Quarterly: Displays data for last traded date of every quarter within the entered date range. -7: Indicates that the Traded date should either match the Entered date or should be one of the immediately preceding seven traded dates of the exchange. which indicates the nearness of the entered date to Traded Date. other options available within Date Proximity include ‘-15’. the entered date might not be a traded date. whichever is closer to the entered date. Query on Date: L60 Prowess: Basics 12 . Select one of the following options based on need: i. Exact_Date: Indicates that Entered date should exactly match the Traded date ii. Monthly: Displays data for last traded date of every month within the entered date range. -1: Indicates that the Traded date should either match the Entered date or should be the immediately preceding traded date of the exchange (back-dated) iv. In such a case. Annual: Displays data for last traded date of every year within the entered date range. a non-trading day) Select Date Proximity: Latest • To view all available data on a quarterly basis: Query on Date: ALL Select Interval: Quarterly • To view data for the latest 60 traded days. Illustrations for ‘Query on Date’ in Stock Prices & Indicators Module: • To find data for date 13th September 2008. iv. ‘-180’ and ‘-360’. -2: Indicates that the Traded date should either match the Entered date or should be one of the immediately preceding two traded dates of the exchange. the query will fail to execute and a error message will be displayed. v. whichever is closer to the entered date. it may happen that while entering certain dates into the ‘Query on date’ field. (back-dated) v. Such events can be avoided by using the ‘Date Proximity’ option. Query on Date: 20080913 • To find data for the entire calendar year of 2008 on a weekly basis. ‘-90’.
All usersets are saved by default into the usersets folder. User Sets are displayed in this frame. The tedium of creating the required and frequently used set of companies one uses Prowess can be eliminated by creating user sets. need to create his own set of companies. from time to time. An excellent example is when one wants view a portfolio of companies. Refresh Button Prowess: Basics 13 . Such User-defined sets can be viewed in the right-side frame of Company classifications window.CMIE 6. the user may.USER SETS: In the menu ‘Select company by Name’/company classifications. which he needs to work on a regular basis. two frames of classification are observed. The user may create the set after subjecting the original list of companies to many filtration criteria. In the left frame is the set of classifications created by CMIE as per the commonly followed standards. The main broad classification under this frame include: • Industry Classification • Indices Classification • CMIE Indices Classification • Listed/Permitted Companies Classification The need for user sets: However.
One must click on the ‘Refresh’ button (bottom left hand side) to view the user set. From the list of companies in the frame labeled ‘company alias’.) Repeat the previous two steps again by typing ‘BHEL’ in the field labeled ‘Start tying for auto search’ and double click on the display in order to make the selection. Do the same all the other companies. double click on the name of ACC Ltd in order to select it. Create a user set of these companies. BHEL. Save the user set by the name portfolio. which comprise the portfolio. which will enable the investor to view data for his portfolio easily. 1: Investor ‘X’ has invested in 5 companies viz. Place a tick in the checkbox against the desired user set and click on the ‘NEW’ button to load the set of companies.. The userset thus created can be viewed in the company classifications sub-menu under the Module ‘Select Company by name’.’ to be displayed in the frame below. The output sheet will be displayed. (The selection will be displayed in the righthand side frame. option.psu into the default folder ‘usersets’. choose the option ‘Save as user set’. Click on the ‘NEW’ button after all selections are made. INFOSYS. Ans: Go to Select Company by name Select the sub-module ‘Select Company by name’ In the field labeled ‘Start tying for auto search’. Prowess: Basics 14 .CMIE Illustration No. ACC. WIPRO and TCS. enter ACC This will lead to companies beginning with the syllable ‘ACC. From the File menu.
This file has a . usersets. It can be saved as a user set by using the ‘Save as user set’ option under file menu. Prowess: Basics 15 . The creation of such user sets allows the user to effectively save time in cases where data is frequently sought for a set of companies (which are regularly accessed). Usersets can also be easily edited as per the changes occurring in the portfolio. The newly created user set will now be displayed in the usersets frame within the ‘Company Classifications’ sub-module. In the ‘Query on Year’ field. Analysis: The resultant output sheet contains the list of companies satisfying the user’s criteria.psu extension and must be saved in the default folder viz. Delete the unwanted companies by using the ‘Delete Row’ icon. To add companies to the user set. select the very first expression ‘Finance Year’ by placing a tick in the ‘S’ column. Select ‘Listed / Permitted cos’ in CMIE sets in company classifications Execute ‘AND’ Go back to Query Window Go to ‘Query by Finance Stocks/ Audited Financial Results’ In the list of expressions. type: ‘200703&200803’ Execute ‘AND’ button. Illustration No. The user can then run queries on this set of companies. Click on the ‘ADD’ button after the required companies have been selected. After the creation of a new user set. 2: Find all the Create a user set of listed real estate companies. which possess the financials for both 2007 and 2008. The user set thus modified can again be saved as a user set with a different name (or replaced) using the ‘Save as user set’ option under the ‘File’ menu.CMIE Analysis: The resultant output sheet contains the list of companies comprising the portfolio of the investor. Ans: Go to Select Company by name Select company classifications Choose ‘Real Estate’ under the classification industry by placing a tick in the square provided (Industry/Non-Financial/ Construction/ Real Estate) Execute ‘New’ button Go back to Query Window Go to ‘Select Company by Name/Company Classifications’ Unselect ‘Cement’ by removing the tick against it. To edit a user set: Load the user set on the output sheet using the company classifications menu. go to the sub-module ‘Select company by name’ under the module ‘Select Company by name’ and key in the desired company and make the selection. click on the ‘Refresh’ button (bottom left hand side) of the ‘Company classifications’ module window.
if for a single company. Based on whichever data type is maximum in number. Execute New Go back to Query Window Go to ‘Query by Finance / Stocks’ Go to ‘Audited Financial Results’ The third expression in the Query tab is ‘Income’. Default type is ‘None’ which indicates parameters other than the company type appear in columns. The expressions i. Solution: Go to module ‘Select Company by name’ Go to sub-module ‘Select company by name’ Enter Infosys. the same can be set to appear in the row of the output sheet. OUTPUT FORMATS By default. two fields viz. Double click on the displayed entry to select it. Following are the various sub-modules in which the Rows and Columns can be interchanged: • Query by Finance Stocks/Audited Financial Results • Query by Finance Stocks/Interim Financial Results • Query by Finance Stocks/Stock Prices and Indicators • Query by Basic Information/ Equity Holding Information • Select Indices/Index Numbers • Perform Aggregates/Aggregate Financial Results • Perform Aggregates /Aggregate Interim Results • Perform Aggregates /Aggregate Stock Indicators In the ‘query’ tab of each of these sub-modules. a single indicator is to be viewed for 30 different dates. place a tick against Income in the ‘S’ column. The company/set. Often.e. The year/period/date on which the query runs. on execution of a query. the company is always displayed in the Row of the output sheet while Indicators and Dates are displayed in the columns. ‘Output Type’ and ‘Source Type’ is given. Illustration: Compare the Income Details of Infosys from March 2002 till March 2008. The field ‘Output Type’ indicates what will appear in the row of an output sheet. For example. iii. Using ‘control + Click’. Three kinds of data are displayed in an output grid: i. Prowess: Basics 16 . it may happen that the resultant output is not very reader-friendly due to this output format. This happens when the user needs to scroll horizontally owing to many columns but few rows. it is prudent to make changes to the settings so that the date appears in the row (and not the default type ‘company’). Output Sheets are more reader-friendly when then contain fewer columns than rows in case of an output grid.CMIE 7. indicators selected by the user. ii. This will select all the various break-ups of the income details. Default type is ‘Company’ The field ‘Source Type’ indicates what will appear in the column of an output sheet.
Make multiple selections of a hierarchy by using ‘control + click’ Change Output type to ‘Indicator’ Prowess: Basics 17 .CMIE In query on year. the output becomes reader-friendly if the indicators (which are maximum in number) are displayed in the rows. Therefore. one company and seven years. enter: 200203-200803 Select Output type ‘Indicator’ Execute ‘New’ Analysis: The query entered had 70 indicators (there are 70 hierarchical break-ups of the indicator ‘income’). The resultant output for above example will display the indicators in rows while the seven years queried are displayed in columns.
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