<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 12 )*
TRISTAR Corporation
-------------------
(Name of Issuer)
Common Stock, $0.01 Par Value
------------------------------
(Title of Class of Securities)
778242107
--------------
(CUSIP Number)
Cecil Schenker, P.C.; Akin, Gump, Strauss, Hauer & Feld, L.L.P.;
1500 NationsBank Plaza; 300 Convent Street; San Antonio, Texas 78205;
(210) 270-0825 and Kirit Sheth; P.O. Box 16758; Jebel Ali Free Zone; Dubai,
United Arab Emirates, Tel: 011-97-14-519-444
--------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
October 21, 1996
-------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box
|_|.
Check the following box if a fee is being paid with this statement |_|.
(A fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits,
should be filed with the Commission.
See Rule 13d-1(a) for other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
- ---------------------- -----------------------------
TRISTAR CORPORATION SCHEDULE 13D
CUSIP NO. 778242107 PAGE 1 OF 19 PAGES
------------
- ---------------------- -----------------------------
<PAGE> 2
<TABLE>
<S> <C> <C>
=============================================================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mahendra Sheth
- -----------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) |_|
- -----------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
- -----------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_|
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
- -----------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
India
- -----------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: -0-
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
----------------------------------------------------------------------------
8 SHARED VOTING POWER: 15,397,984 shares,
includes 2,400,000 shares of capable of being acquired
through exercise of a warrant
----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER: -0-
----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 15,397,984 shares,
includes 2,400,000 shares of capable of being acquired
through exercise of a warrant
- -----------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,397,984 shares, includes 2,400,000 shares of capable of being acquired through exercise of a
warrant
- -----------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) |_|
EXCLUDES CERTAIN SHARES*
- -----------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
80.9%
- -----------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
=============================================================================================================================
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- ---------------------- -----------------------------
TRISTAR CORPORATION SCHEDULE 13D
CUSIP NO. 778242107 PAGE 2 OF 19 PAGES
------------
- ---------------------- -----------------------------
<PAGE> 3
<TABLE>
<S> <C> <C>
=============================================================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Shashikant Sheth
- -----------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) |_|
- -----------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
- -----------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |X|
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
- -----------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
India
- -----------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: -0-
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
----------------------------------------------------------------------------
8 SHARED VOTING POWER: 15,397,984 shares,
includes 2,400,000 shares of capable of being acquired
through exercise of a warrant
----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER: -0-
----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 15,397,984 shares,
includes 2,400,000 shares of capable of being acquired
through exercise of a warrant
- -----------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,397,984 shares, includes 2,400,000 shares of capable of being acquired through exercise of a
warrant
- -----------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) |_|
EXCLUDES CERTAIN SHARES*
- -----------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
80.9%
- -----------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
=============================================================================================================================
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- ---------------------- -----------------------------
TRISTAR CORPORATION SCHEDULE 13D
CUSIP NO. 778242107 PAGE 3 OF 19 PAGES
------------
- ---------------------- -----------------------------
<PAGE> 4
<TABLE>
<S> <C> <C>
=============================================================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Kirit Sheth
- -----------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) |_|
- -----------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
- -----------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_|
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
- -----------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
India
- -----------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: -0-
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
----------------------------------------------------------------------------
8 SHARED VOTING POWER: 15,397,984 shares,
includes 2,400,000 shares of capable of being acquired
through exercise of a warrant
----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER: -0-
----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 15,397,984 shares,
includes 2,400,000 shares of capable of being acquired
through exercise of a warrant
- -----------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,397,984 shares, includes 2,400,000 shares of capable of being acquired through exercise of a
warrant
- -----------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) |_|
EXCLUDES CERTAIN SHARES*
- -----------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
80.9%
- -----------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
=============================================================================================================================
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- ---------------------- -----------------------------
TRISTAR CORPORATION SCHEDULE 13D
CUSIP NO. 778242107 PAGE 4 OF 19 PAGES
------------
- ---------------------- -----------------------------
<PAGE> 5
<TABLE>
<S> <C> <C>
=============================================================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jamnadas Sheth
- -----------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) |_|
- -----------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
- -----------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_|
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
- -----------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
India
- -----------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: -0-
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
----------------------------------------------------------------------------
8 SHARED VOTING POWER: 15,397,984 shares,
includes 2,400,000 shares of capable of being acquired
through exercise of a warrant
----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER: -0-
----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 15,397,984 shares,
includes 2,400,000 shares of capable of being acquired
through exercise of a warrant
- -----------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,397,984 shares, includes 2,400,000 shares of capable of being acquired through exercise of a
warrant
- -----------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) |_|
EXCLUDES CERTAIN SHARES*
- -----------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
80.9%
- -----------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
=============================================================================================================================
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- ---------------------- -----------------------------
TRISTAR CORPORATION SCHEDULE 13D
CUSIP NO. 778242107 PAGE 5 OF 19 PAGES
------------
- ---------------------- -----------------------------
<PAGE> 6
<TABLE>
<S> <C> <C>
=============================================================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jayesh Sheth
- -----------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- -----------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
- -----------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |X|
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
- -----------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
England
- -----------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: -0-
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
----------------------------------------------------------------------------
8 SHARED VOTING POWER: -0-
----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER: -0-
----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER: -0-
- -----------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
- -----------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) |_|
EXCLUDES CERTAIN SHARES*
- -----------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Not applicable
- -----------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
=============================================================================================================================
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- ---------------------- -----------------------------
TRISTAR CORPORATION SCHEDULE 13D
CUSIP NO. 778242107 PAGE 6 OF 19 PAGES
------------
- ---------------------- -----------------------------
<PAGE> 7
<TABLE>
<S> <C> <C>
=============================================================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Virendra Sheth
- -----------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- -----------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
- -----------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |X|
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
- -----------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- -----------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: -0-
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
----------------------------------------------------------------------------
8 SHARED VOTING POWER: -0-
----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER: -0-
----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER: -0-
- -----------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
- -----------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) |_|
EXCLUDES CERTAIN SHARES*
- -----------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Not applicable
- -----------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
=============================================================================================================================
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- ---------------------- -----------------------------
TRISTAR CORPORATION SCHEDULE 13D
CUSIP NO. 778242107 PAGE 7 OF 19 PAGES
------------
- ---------------------- -----------------------------
<PAGE> 8
<TABLE>
<S> <C> <C>
=============================================================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Starion International Limited
- -----------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) |_|
- -----------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
- -----------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |X|
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
- -----------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
- -----------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: -0-
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
----------------------------------------------------------------------------
8 SHARED VOTING POWER: 5,420,174 shares,
includes 2,400,000 shares of capable of being acquired
through exercise of a warrant
----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER: -0-
----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 5,420,174 shares,
includes 2,400,000 shares of capable of being acquired
through exercise of a warrant
- -----------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,420,174 shares, includes 2,400,000 shares of capable of being acquired through exercise of a
warrant
- -----------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) |_|
EXCLUDES CERTAIN SHARES*
- -----------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
28.5%
- -----------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
=============================================================================================================================
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- ---------------------- -----------------------------
TRISTAR CORPORATION SCHEDULE 13D
CUSIP NO. 778242107 PAGE 8 OF 19 PAGES
------------
- ---------------------- -----------------------------
<PAGE> 9
<TABLE>
<S> <C> <C>
=============================================================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Transvit Manufacturing Corporation
- -----------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) |_|
- -----------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
- -----------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_|
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
- -----------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
- -----------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: -0-
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
----------------------------------------------------------------------------
8 SHARED VOTING POWER: 9,977,810 shares
----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER: -0-
----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 9,977,810 shares
- -----------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,977,810 shares
- -----------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) |_|
EXCLUDES CERTAIN SHARES*
- -----------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
60%
- -----------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
=============================================================================================================================
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- ---------------------- -----------------------------
TRISTAR CORPORATION SCHEDULE 13D
CUSIP NO. 778242107 PAGE 9 OF 19 PAGES
------------
- ---------------------- -----------------------------
<PAGE> 10
This Amendment No. 12 to the Statement on Schedule 13D filed jointly by
Mahendra Sheth, Shashikant Sheth, Kirit Sheth, and Jamnadas Sheth (collectively
the "Core Sheth Families"), together with Starion International Limited
("Starion"), Transvit Manufacturing Corporation ("Transvit Manufacturing"),
Jayesh Sheth, and Virendra Sheth (all of the foregoing referred to collectively
as the "Reporting Persons") (the "Schedule 13D") pursuant to a joint filing
agreement attached to this Amendment No. 12 as Exhibit 1, relates to the Common
Stock of TRISTAR CORPORATION, formerly known as Ross Cosmetics Distribution
Centers, Inc. (the "Issuer").
The Schedule 13D is amended as follows:
ITEM 1. SECURITY AND ISSUER.
This amendment relates to the sale of 1,000,000 shares of the Issuer's
common stock, $.01 par value, by the Core Sheth Families and Starion to Ibrahim
Ahmed Al-Musbahi (the "Buyer"). Such common stock trades on the Nasdaq National
Market. The name of the Issuer is Tristar Corporation and the address of the
Issuer's principal executive office is 12500 San Pedro, Suite 500, San Antonio,
Texas 78216.
ITEM 2. IDENTITY AND BACKGROUND.
No amendment.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Not applicable.
ITEM 4. PURPOSE OF THE TRANSACTION.
On October 22, 1996, the Core Sheth Families and Starion sold to the
Buyer 1,000,000 shares of the Issuer's common stock (the "Transaction").
Consideration for the Transaction is $4.75 million, consisting of (i) $2,000,000
of debt forgiveness of an affiliate of the Core Sheth Families and Starion; (ii)
$2,400,000 in cash paid at the time of the sale on October 21, 1996; and (iii) a
promise to pay the balance of $350,000 to the Core Sheth Families and Starion.
- ---------------------- -----------------------------
TRISTAR CORPORATION SCHEDULE 13D
CUSIP NO. 778242107 PAGE 10 OF 19 PAGES
------------
- ---------------------- -----------------------------
<PAGE> 11
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
The following table sets forth the aggregate number and percentage of
the outstanding Common Stock of the Issuer currently beneficially owned by the
Reporting Persons.
<TABLE>
<CAPTION>
Name Sole Shared Aggregate Share Percentage
Voting Voting Beneficially of Common
Power Power Owned Stock
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
All Reporting Persons as -0- 15,397,984 15,397,984 80.9
a Group
The Core Sheth Families -0- 15,397,984 15,397,984 80.9
Transvit Manufacturing -0- 9,977,810 9,977,810 60.0
Shashikant Sheth -0- 15,397,984 15,397,984 80.9
Mahendra Sheth -0- 15,397,984 15,397,984 80.9
Kirit Sheth -0- 15,397,984 15,397,984 80.9
Jamnadas Sheth -0- 15,397,984 15,397,984 80.9
Starion Int'l Ltd. -0- 5,420,174 5,420,174 28.5
Jay Sheth -0- -0- -0- -0-
Viren Sheth -0- -0- -0- -0-
</TABLE>
Except with regard to Transvit Manufacturing, Jay Sheth and Viren
Sheth, each of the above figures reflects 2,400,000 shares capable of being
acquired through the exercise of warrants.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
The information set forth in Item 4 is incorporated by reference.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
1. Written Agreement of the Reporting Persons as required by
Rule 13d-1(f), relating to the filing of this Amendment No. 12.
- ---------------------- -----------------------------
TRISTAR CORPORATION SCHEDULE 13D
CUSIP NO. 778242107 PAGE 11 OF 19 PAGES
------------
- ---------------------- -----------------------------
<PAGE> 12
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: October 27, 1996 /s/ Kirit Sheth
----------------------------
Kirit Sheth, Individually
- ---------------------- -----------------------------
TRISTAR CORPORATION SCHEDULE 13D
CUSIP NO. 778242107 PAGE 12 OF 19 PAGES
------------
- ---------------------- -----------------------------
<PAGE> 13
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: October 27, 1996 /s/ Jamnadas Sheth
----------------------------
Jamnadas Sheth, Individually
- ---------------------- -----------------------------
TRISTAR CORPORATION SCHEDULE 13D
CUSIP NO. 778242107 PAGE 13 OF 19 PAGES
------------
- ---------------------- -----------------------------
<PAGE> 14
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: October 27, 1996 /s/ Mahendra Sheth
-----------------------------
Mahendra Sheth, Individually
- ---------------------- -----------------------------
TRISTAR CORPORATION SCHEDULE 13D
CUSIP NO. 778242107 PAGE 14 OF 19 PAGES
------------
- ---------------------- -----------------------------
<PAGE> 15
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: October 27, 1996 /s/ Shashikant Sheth
------------------------------
Shashikant Sheth, Individually
- ---------------------- -----------------------------
TRISTAR CORPORATION SCHEDULE 13D
CUSIP NO. 778242107 PAGE 15 OF 19 PAGES
------------
- ---------------------- -----------------------------
<PAGE> 16
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: October 27, 1996 Starion International
By: /s/ Shashikant Sheth
-------------------------
Shashikant Sheth,
Title: Director
- ---------------------- -----------------------------
TRISTAR CORPORATION SCHEDULE 13D
CUSIP NO. 778242107 PAGE 16 OF 19 PAGES
------------
- ---------------------- -----------------------------
<PAGE> 17
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: October 27, 1996 /s/ Virendra Sheth
---------------------------
Virendra Sheth, Individually
- ---------------------- -----------------------------
TRISTAR CORPORATION SCHEDULE 13D
CUSIP NO. 778242107 PAGE 17 OF 19 PAGES
------------
- ---------------------- -----------------------------
<PAGE> 18
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: October 27, 1996 /s/ Jayesh Sheth
---------------------------
Jayesh Sheth, Individually
- ---------------------- -----------------------------
TRISTAR CORPORATION SCHEDULE 13D
CUSIP NO. 778242107 PAGE 18 OF 19 PAGES
------------
- ---------------------- -----------------------------
<PAGE> 19
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: October 27, 1996 Transvit Manufacturing Corporation
By: /s/ Mahendra Sheth
----------------------------
Mahendra Sheth
Title: President
- ---------------------- -----------------------------
TRISTAR CORPORATION SCHEDULE 13D
CUSIP NO. 778242107 PAGE 19 OF 19 PAGES
------------
- ---------------------- -----------------------------
<PAGE> 1
EXHIBIT 1
The undersigned agree that this Amendment No. 12 to the Schedule 13D
dated October 27, 1996, is being filed with the Securities and Exchange
Commission on behalf of each of Mahendra Sheth, Shashikant Sheth, Kirit Sheth,
Jamnadas Sheth, Starion International, Ltd., Transvit Manufacturing Corp.,
Virendra Sheth, and Jayesh Sheth.
/s/ Jamnadas Sheth
-------------------------------
Jamnadas Sheth, Individually
/s/ Shashikant Sheth
-------------------------------
Shashikant Sheth, Individually
/s/ Mahendra Sheth
-------------------------------
Mahendra Sheth, Individually
/s/ Kirit Sheth
-------------------------------
Kirit Sheth, Individually
/s/ Virendra Sheth
-------------------------------
Virendra Sheth, Individually
/s/ Jayesh Sheth
-------------------------------
Jayesh Sheth, Individually
Starion International Ltd. Transvit Manufacturing Corporation
By: /s/ Shashikant Sheth By: /s/ Mahendra Sheth
------------------------ --------------------------------
Name: Shashikant Sheth Name: Mahendra Sheth
Title: Director Title: President
Dated: October 27, 1996
