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