­Superfine Extrusions Private Limited (SEPL) incorporated in 2004 by Siddharth Satish Katariya and Ravindra Kanakmal Katariya. The company is engaged in the manufacture of aluminium extrusion profiles. The company caters to end user industries such as infrastructure, power, electronic component, engineering, automobile, solar, light-emitting diode (LED) lighting, and defence. The manufacturing facility and registered office is located in Ahmednagar (Maharashtra).

­Superfine group was founded in 1994 by its two promoters – Late Satish Katariya and Ravindra Kataria. The promoters forayed into advanced technology based aluminium extrusion in the year 1998. The group consists of 3 companies Superfine Metals Private Limited (incorporated in 2008),Superfine Extrusions Private Limited (1998), and Superfine Profiles and Extrusions Private Limited (2001). All the 3 companies are engaged in manufacturing aluminium extruded sections and profiles. The Superfine Group of Industries is one of the leading manufacturers of Aluminium Extruded Sections and Profiles in India. All the extrusion plants are operated on propane gas.  The manufacturing facility houses 8 aluminium extrusion press lines (includes a 2200MT press, five 900MT presses, a 600MT press) and one specialized extrusion line for critical aluminium products. The facility is capable of extruding sections with a wall thickness as low as 0.30 mm and a width up to 272 mm. Presently, Superfine deals in aluminium alloys of AA 1xxx, 3xxx, 5xxx and 6xxx series.

Acuité has been requesting for data, information and undertakings from the rated entity for conducting surveillance & review of the rating. However, the issuer / borrower failed to submit such information before due date.
Acuité believes that information risk is a critical component in such ratings, and noncooperation by the issuer along with unwillingness to provide information could be a sign of potential deterioration in its overall credit quality.
This rating continues to be flagged as “Issuer not-cooperating”, in line with prevailing SEBI regulations and Acuité’s policies.­

­The rating is based on information available from sources other than the issuer / borrower (in the absence of information provided by the issuer / borrower). Acuité endeavored to gather information about the entity / industry from the public domain. Therefore, Acuité cautions lenders and investors regarding the use of such information, on which the indicative credit rating is based.

­The rated entity has not shared the latest financial statements despite repeated requests.

­No information provided by the issuer / available for Acuite to comment upon

­Not Applicable

­No information provided by the issuer / available for Acuite to comment upon.

­Not Applicable

­None

­Acuité is yet to receive the latest No Default Statement (NDS) from the rated entity, despite repeated requests and follow-ups.