Arihant Education Foundation’s

ARIHANT INSTITUTE OF BUSINESS MANAGEMENT (AIBM)

(Affiliated to Savitribai Phule Pune University, Approved by DHE and AICTE, New Delhi)
Campus: S. No. 276/1/2, 277/1/2, 278/2, Bavdhan (BK.), Behind Crystal Honda Showroom, Pune-411021, Maharashtra
Ph. : +91-20-67902403 Fax : +91-02-67902424 Email: admin@arihant.org.in Website: www.arihant.ac.in
Ref. : AEF / AIBM / Date :

Certificate
This is to certify that the Project Report entitled “Study on Ratio Analysis of Hindustan
Organic Chemicals, Ambalamugal, Kerala”, prepared by Neha Sen Is student of second
year Masters of Business Administration (M.B.A) Semester – III course Academic year
2018 – 2019 at Arihant Institute of Business Management (AIBM), Pune – 411021

To the Best of our knowledge, this is original study done by the said student and important
sources used by them have been duly acknowledged in this report.
This report is submitted in partial fulfillment of Masters of Business Administration
(M.B.A) syllabus as per the rules prescribed guidelines of Savitribai Phule Pune University
of Pune.

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Project Guide External Examiner

Head of Department Director AIBM