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ProwessTraX Prowess Application for TRAnsfer Pricing TaXation with Automated Documentation
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03 Apr 2018 11:58 AM, Announcements PANKITA KHATRI

Upgraded ProwessTraX executable (.exe) released

Upgraded executable (.exe) of ProwessTraX has been released today which incorporates new features, enhancements and miscellaneous bug fixes in the user-interface. The Build date of the new executable is 28th March 2018.

The following improvements/features are incorporated in the new (.exe):

  1. Greyed check-box and pop-up in Stage 2 and Stage 3 of ProwessTraX:

    Stage 2 and Stage 3 enable a user to find comparables based on their main economic activity and Product produced/traded respectively. These stages also enable the user to find comparables based on NIC codes. There are certain NIC codes which do not have any company mapped to them. Hence, ProwessTraX would not yield any output for such NIC codes. Such NIC codes are unknown to the user at the time of query execution. We have introduced a new feature in these Stages which will help the user to identify the NIC codes that do not have any companies mapped to the same before execution.

    Upon selecting such NIC code/s, the check-box/s of the code/s will be marked as grey. The grey check-box means that the code selected does not have any company mapped to it. Further, a pop-up ‘No data is available for the selected NIC code/s for any reference year kindly select valid NIC code/s’ will appear if a user tries to execute the query by selecting such code/s only.

    However, if a user selects NIC codes that have company/s mapped to them along with the ones which do not have any company mapped to it, the query will get executed considering only the selected NIC codes that have company/s mapped to it.

  2. Enhancement in the format of Profit/Range Margins Report under Stage 13 of ProwessTraX from March 2018 Vintage:

    In Stage 13- ‘Generate profit/range margins of target company and peers’ the calculation of Weighted Average Margin is done company wise from the data for last three financial years based on its availability. As an enhancement to the Profit/Range Margins Reports, those companies having Weighted Average Net Profit Margin/Operating Profit Margin calculated by considering data of two financial years will be indicated with an asterisk symbol ‘*’.

    Note: This change is applicable only for Vintages releasing from March 2018 onwards. The format of the Profit/Range Margin Reports remains unchanged when a Vintage earlier than March 2018 is used.

  3. Increase in the availability of number of Vintages and Financial Years in ProwessTraX:

    Previously, the aforementioned count was limited to latest 3 for Vintages and latest 4 for Financial Years in ProwessTraX. Such limit on availability of Vintages has been removed. The user can now make selection of Vintage out of the list of all the database snapshots taken upto the latest Vinatge released. Also, the availability of Financial year has been increased to latest 5 years.

  4. Reacceptance of ProwessTraX usage Agreement:

    The ProwessTraX users are required to re-accept the usage agreement because of an upgrade of our internal system. The usage agreement window is available on the ProwessTraX website. Now, a pop-up of the usage agreement will appear on logging in to the new executable as well. This pop-up will appear to the users who have not accepted the usage agreement on the ProwessTraX website. Such users may accept the usage agreement once again. Please note the usage agreement has not changed and is the same as was last updated on 21st June 2017.

The executable can be downloaded for free from http://trax.cmie.com. by clicking on the ‘Download’ button.

Note:Please update to version 2.6 by 3rd May, 2018. Following this date, all the earlier versions of ProwessTraX will cease to function.

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

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ProwessTraX v2.6
Build: 28 Mar'18 [ 18:30 ]

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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