<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 15)*
TRISTAR CORPORATION
-------------------------
(Name of Issuer)
Common Stock, $0.01 Par Value
-----------------------------------
(Title of Class of Securities)
778242107
--------------
(CUSIP Number)
Virendra Sheth; Tristar Corporation; 12500 San Pedro, Suite 500; San Antonio,
Texas 78216; (210) 281-7000 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)
April 22, 1998
--------------------
(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 22 PAGES
<PAGE> 2
================================================================================
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 8 SHARED VOTING POWER: 14,697,984 shares,
REPORTING includes 2,400,000 shares of capable of being
PERSON acquired through exercise of a warrant
WITH ---------------------------------------------------------
9 SOLE DISPOSITIVE POWER: -0-
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 14,697,984 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
14,697,984 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)
76.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
TRISTAR CORPORATION SCHEDULE 13D
CUSIP NO. 778242107 PAGE 2 OF 22 PAGES
<PAGE> 3
================================================================================
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 8 SHARED VOTING POWER: 14,697,984 shares,
REPORTING includes 2,400,000 shares of capable of being
PERSON acquired through exercise of a warrant
WITH ---------------------------------------------------------
9 SOLE DISPOSITIVE POWER: -0-
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 14,697,984 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
14,697,984 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)
76.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
TRISTAR CORPORATION SCHEDULE 13D
CUSIP NO. 778242107 PAGE 3 OF 22 PAGES
<PAGE> 4
================================================================================
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 8 SHARED VOTING POWER: 14,697,984 shares,
REPORTING includes 2,400,000 shares of capable of being
PERSON acquired through exercise of a warrant
WITH ---------------------------------------------------------
9 SOLE DISPOSITIVE POWER: -0-
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 14,697,984 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
14,697,984 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)
76.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
TRISTAR CORPORATION SCHEDULE 13D
CUSIP NO. 778242107 PAGE 4 OF 22 PAGES
<PAGE> 5
================================================================================
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 8 SHARED VOTING POWER: 14,697,984 shares,
REPORTING includes 2,400,000 shares of capable of being
PERSON acquired through exercise of a warrant
WITH ---------------------------------------------------------
9 SOLE DISPOSITIVE POWER: -0-
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 14,697,984 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
14,697,984 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)
76.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
TRISTAR CORPORATION SCHEDULE 13D
CUSIP NO. 778242107 PAGE 5 OF 22 PAGES
<PAGE> 6
================================================================================
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 8 SHARED VOTING POWER: -0-
REPORTING
PERSON ---------------------------------------------------------
WITH
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
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
TRISTAR CORPORATION SCHEDULE 13D
CUSIP NO. 778242107 PAGE 6 OF 22 PAGES
<PAGE> 7
================================================================================
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 8 SHARED VOTING POWER: -0-
REPORTING ---------------------------------------------------------
PERSON
WITH 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
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
TRISTAR CORPORATION SCHEDULE 13D
CUSIP NO. 778242107 PAGE 7 OF 22 PAGES
<PAGE> 8
================================================================================
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 8 SHARED VOTING POWER: 5,220,174 shares,
REPORTING includes 2,400,000 shares of capable of being
PERSON acquired through exercise of a warrant
WITH ---------------------------------------------------------
9 SOLE DISPOSITIVE POWER: -0-
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 5,220,174 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
5,220,174 shares, includes 2,400,000 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)
27.3%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
TRISTAR CORPORATION SCHEDULE 13D
CUSIP NO. 778242107 PAGE 8 OF 22 PAGES
<PAGE> 9
================================================================================
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 8 SHARED VOTING POWER: 9,477,810 shares
REPORTING
PERSON ---------------------------------------------------------
WITH
9 SOLE DISPOSITIVE POWER: -0-
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 9,477,810 shares
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,477,810 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [ ]
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
49.5%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
TRISTAR CORPORATION SCHEDULE 13D
CUSIP NO. 778242107 PAGE 9 OF 22 PAGES
<PAGE> 10
This Amendment No. 15 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. 15 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 and transfer of 700,000 shares of
the Issuer's common stock (the "Common Stock"), by Starion and Transvit
Manufacturing to Ahmed Al-Musbahi (the "Buyer") pursuant to an Agreement for
Sale and Transfer dated April 22, 1998 by and between the Core Sheth Families
and the Buyer. Such Common Stock trades on the Nasdaq National Market. The name
of the Issuer is Tristar Corporation and its principal executive address 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 April 22, 1998, the Core Sheth Families, Starion and Transvit
Manufacturing sold to the Buyer 700,000 shares of the Issuer's Common Stock (the
"Transaction"). Consideration for the Transaction is $4.375 million payable as
follows: (i) $3.5 million payable on or before April 30, 1998; (ii) $400,000
payable on or before August 31, 1998; and (iii) $475,000 payable on or before
December 31, 1998.
<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 Shares Percentage of
Voting Voting Beneficially Common
Power Power Owned Stock
- ------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
All Reporting Persons as -0- 14,697,984 14,697,984 76.7
a Group
The Core Sheth Families -0- 14,697,984 14,697,984 76.7
Transvit Manufacturing -0- 9,477,810 9,477,810 49.5
Shashikant Sheth -0- 14,697,984 14,697,984 76.7
Mahendra Sheth -0- 14,697,984 14,697,984 76.7
Kirit Sheth -0- 14,697,984 14,697,984 76.7
Jamnadas Sheth -0- 14,697,984 14,697,984 76.7
Starion Int'l Ltd. -0- 5,220,174 5,220,174 27.3
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.
<PAGE> 12
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. 15.
2. Agreement for Sale and Transfer dated April 22, 1998 by and between
the Core Sheth Families and Ahmed Al-Musbahi.
<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: June 4, 1998 /s/ Kirit Sheth
---------------------------------
Kirit Sheth, Individually
<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: June 4, 1998 /s/ Jamnadas Sheth
---------------------------------
Jamnadas Sheth, Individually
<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: June 4, 1998 /s/ Mahendra Sheth
---------------------------------
Mahendra Sheth, Individually
<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: June 4, 1998 /s/ Shashikant Sheth
---------------------------------
Shashikant Sheth, Individually
<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: June 4, 1998 Starion International
By:/s/ Shashikant Sheth
------------------------------
Shashikant Sheth, Director
<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: June 4, 1998 /s/ Virendra Sheth
---------------------------------
Virendra Sheth, Individually
<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: June 4, 1998 /s/ Jayesh Sheth
---------------------------------
Jayesh Sheth, Individually
<PAGE> 20
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: June 4, 1998 Transvit Manufacturing Corporation
By: /s/ Mahendra Sheth
---------------------------------
Mahendra Sheth, President
<PAGE> 21
INDEX TO EXHIBITS
EXHIBIT
NO. DESCRIPTION
- ------- -----------
1. Written Agreement of the Reporting Persons as required by Rule
13d-1(f), relating to the filing of this Amendment No. 15.
2. Agreement for Sale and Transfer dated April 22, 1998 by and
between the Core Sheth Families and Ahmed Al-Musbahi.
<PAGE> 1
EXHIBIT 1
AGREEMENT OF REPORTING PERSONS
The undersigned agree that this Amendment No. 15 to the Schedule 13D
dated June 4, 1998, 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: June 4, 1998
<PAGE> 1
EXHIBIT 2
This AGREEMENT for sale and transfer of share is signed by and between;
AHMED I. AL-MUSBAHI with service address at Al Musbah Trading Centre, Jedah,
Saudi Arabia;
and
CORE SHETH FAMILIES ("CSF") represented by Kirit Sunderlal Sheth with service
address at 6th Floor Standard Chartered Building, Dubai, UAE;
WHEREAS the CSF own a majority interest in Tristar Corporation, San Antonio,
Texas, USA (NASDAQ: TSAR) ("Tristar");
AND WHEREAS the CSF and Mr. Ahmed Al-Musbahi have long standing business
relations as supplier and customer;
AND WHEREAS the stock owned by the CSF is unregistered stock;
Therefore the parties have recorded the following understanding:
a. CSF will sell and transfer to Mr. Ahmed Al-Musbahi 700,000 (Seven Hundred
Thousand) shares of common stock of Tristar represented by the following
share certificates:
CERTIFICATE
HELD IN THE NAME OF: SHARES NUMBER
---------------------------- -------- -----------
Transvit Manufacturing Corp. 500,000 0552
Starion International (BVI) 50,000 0188
Starion International (BVI) 50,000 0189
Starion International (BVI) 10,000 0190
Starion International (BVI) 10,000 0191
Starion International (BVI) 10,000 0192
Starion International (BVI) 10,000 0193
Starion International (BVI) 10,000 0194
Starion International (BVI) 10,000 0195
Starion International (BVI) 10,000 0196
Starion International (BVI) 10,000 0197
Starion International (BVI) 10,000 0198
Starion International (BVI) 10,000 0199
TOTAL *** 700,000 ***
<PAGE> 2
b. The shares will be transferred to either Mr. Ahmed Al-Musbahi or to his
order.
c. As full and final consideration for the sale and transfer, Mr. Ahmed
Al-Musbhai will pay to the CSF US$6.25 per share amounting to
US$4,375,000/- (Four million three hundred and seventy five thousand
only). The consideration will be net of all charges including transfer
and legal charges. The consideration will be paid as under:
o US$3,500,000/- (Three million five hundred thousand) on or before
30th April 1998.
o US$400,000/- (Four Hundred Thousand) on or before 31st August
1998.
o US$475,000/- (Four hundred seventy five thousand) on or before
31st December 1998.
This agreement is made at Dubai on the 22nd day of April 1998.
/s/ Ahmed I. Al-Musbahi /s/ Kirit S. Sheth
- ----------------------------------- -----------------------------------
AHMED I. AL-MUSBAHI CORE SHETH FAMILIES
(By Kirit S. Sheth)
