13G Filing: Axar Capital and Alliance One International Inc. (AOI)

CUSIP No. 018772301

13G

Page 6 of 10 Pages

(a)

Amount beneficially owned:  254,583 shares of Common Stock, which amount includes 230,342 shares of Common Stock held for the account of Axar Master Fund, Ltd. and 24,241 shares of Common Stock held for the account of a separately managed account.

(b)

Percent of class:  2.8% (based on 9,001,255 shares of Common Stock reported as outstanding as of October 27, 2017, according to the Issuer’s quarterly report on Form 10-Q, filed November 1, 2017.)

(c)

Number of shares as to which the person has:

(i)

Sole power to vote or to direct the vote : 0

(ii)

Shared power to vote or to direct the vote: 254,583

(iii)

Sole power to dispose or to direct the disposition of  0

(iv)

Shared power to dispose or to direct the disposition of  254,583