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Prowess TraX Prowess Application for TRAnsfer Pricing TaXation with Automated Documentation
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What is a Case?

A Case is a virtual folio that a user creates for a target company for a year and in which the user may work with the Prowess TraX tools to find the most relevant peers of the target company.

To create a Case the following data needs to be specified:

  1. Enter name of target company.

    It is necessary that the target company is part of the Prowess TraX database. If it is not so, then use the Seek Clarifications facility to suggest the addition of the company into the database.

  2. Select database Vintage.

    The Prowess TraX database is created seven times in a year. You may choose any of these databases. It is suggested that you use the latest available database.

  3. Select financial year ended.

    This is usually the financial year of the target company or the nearest year ending March.

  4. Select Currency.

    The default is “Rs.Crore”, but this can be changed.

  5. Name of the Case.

    This is the name by which the Case would be identified for future use. Case names must be unique.

Cases are stored in the database. The Cases created by a User are displayed when a user logs in. Every Case has a status. The status could be either “Closed” or “Open”.

A user can create as many Cases as required. Multiple Cases can be made for the same company for the same year with the same vintage and currency as well. It may just be saved with a different name.

A Case is executed by selecting peers through a process of finding companies in a comparable business and by filtering these to reflect the scale of operations of the target company. This is done using several or all of the 13 stages provided in Prowess TraX.

A Case is completed when the Documentation is generated. A completed Case cannot be edited or worked upon any further. A completed Case if frozen. All the Output sheet/s and Datasheet/s will be deleted immediately after the Documentation is generated.

An incomplete Case can be saved. An incomplete (where Documentation is not generated) Case can be re-opened and edited or worked further upon.

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Prowess TraX is a service from Centre for Monitoring Indian Economy Pvt Ltd.

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Prowess TraX v2.3
Build: 27 Sep'17 [ 12:04 ]

This is an executable software that can be installed on a PC running Windows. This software helps you conduct Transfer Pricing Taxation studies to find comparable companies and their profit margins.

Download & installation is free.
File size: 8.51 MB

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