<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 17)*
TRISTAR CORPORATION
------------------------------------
(Name of Issuer)
Common Stock, $0.01 Par Value
------------------------------------
(Title of Class of Securities)
778242107
--------------------
(CUSIP Number)
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)
July 6, 2000
-------------------
(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 10 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 8 SHARED VOTING POWER: 15,717,886 shares,
EACH includes (i) 2,400,000 shares capable of
REPORTING being acquired through exercise of a
warrant, (ii) 537,142 shares capable of
being acquired through conversion of 537,142
shares of the Company's Series A Preferred
Stock, and (iii) 482,760 shares capable of
being acquired through conversion of 120,690
shares of the Company's Series B Preferred
Stock.
---------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER: -0-
WITH
---------------------------------------------------
10 SHARED DISPOSITIVE POWER: 15,717,886 shares,
includes (i) 2,400,000 shares capable of
being acquired through exercise of a
warrant, (ii) 537,142 shares capable of
being acquired through conversion of 537,142
shares of the Company's Series A Preferred
Stock, and (iii) 482,760 shares capable of
being acquired through conversion of 120,690
shares of the Company's Series B Preferred
Stock.
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,717,886 shares, includes (i) 2,400,000 shares capable of being
acquired through exercise of a warrant, (ii) 537,142 shares capable
of being acquired through conversion of 537,142 shares of the
Company's Series A Preferred Stock, and (iii) 482,760 shares
capable of being acquired through conversion of 120,690 shares of
the Company's Series B Preferred Stock.
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [ ]
EXCLUDES CERTAIN SHARES*
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
77.8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
----------------------------- ---------------------------------
TRISTAR CORPORATION SCHEDULE 13D
CUSIP NO. 778242107 PAGE 2 OF 10 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 8 SHARED VOTING POWER: 15,717,886 shares,
EACH includes (i) 2,400,000 shares capable of
REPORTING being acquired through exercise of a
warrant, (ii) 537,142 shares capable of
being acquired through conversion of 537,142
shares of the Company's Series A Preferred
Stock, and (iii) 482,760 shares capable of
being acquired through conversion of 120,690
shares of the Company's Series B Preferred
Stock.
---------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER: -0-
WITH
---------------------------------------------------
10 SHARED DISPOSITIVE POWER: 15,717,886 shares,
includes (i) 2,400,000 shares capable of
being acquired through exercise of a
warrant, (ii) 537,142 shares capable of
being acquired through conversion of 537,142
shares of the Company's Series A Preferred
Stock, and (iii) 482,760 shares capable of
being acquired through conversion of 120,690
shares of the Company's Series B Preferred
Stock.
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,717,886 shares, includes (i) 2,400,000 shares capable of being
acquired through exercise of a warrant, (ii) 537,142 shares capable
of being acquired through conversion of 537,142 shares of the
Company's Series A Preferred Stock, and (iii) 482,760 shares
capable of being acquired through conversion of 120,690 shares of
the Company's Series B Preferred Stock.
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [ ]
EXCLUDES CERTAIN SHARES*
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
77.8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
----------------------------- ---------------------------------
TRISTAR CORPORATION SCHEDULE 13D
CUSIP NO. 778242107 PAGE 3 OF 10 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 8 SHARED VOTING POWER: 15,717,886 shares,
EACH includes (i) 2,400,000 shares capable of
REPORTING being acquired through exercise of a
warrant, (ii) 537,142 shares capable of
being acquired through conversion of 537,142
shares of the Company's Series A Preferred
Stock, and (iii) 482,760 shares capable of
being acquired through conversion of 120,690
shares of the Company's Series B Preferred
Stock.
---------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER: -0-
WITH
---------------------------------------------------
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
15,717,886 shares, includes (i) 2,400,000 shares capable of being
acquired through exercise of a warrant, (ii) 537,142 shares capable
of being acquired through conversion of 537,142 shares of the
Company's Series A Preferred Stock, and (iii) 482,760 shares
capable of being acquired through conversion of 120,690 shares of
the Company's Series B Preferred Stock.
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [ ]
EXCLUDES CERTAIN SHARES*
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
77.8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
----------------------------- ---------------------------------
TRISTAR CORPORATION SCHEDULE 13D
CUSIP NO. 778242107 PAGE 4 OF 10 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 8 SHARED VOTING POWER: 15,717,886 shares,
EACH includes (i) 2,400,000 shares capable of
REPORTING being acquired through exercise of a
warrant, (ii) 537,142 shares capable of
being acquired through conversion of 537,142
shares of the Company's Series A Preferred
Stock, and (iii) 482,760 shares capable of
being acquired through conversion of 120,690
shares of the Company's Series B Preferred
Stock.
---------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER: -0-
WITH
---------------------------------------------------
10 SHARED DISPOSITIVE POWER: 15,717,886 shares,
includes (i) 2,400,000 shares capable of
being acquired through exercise of a
warrant, (ii) 537,142 shares capable of
being acquired through conversion of 537,142
shares of the Company's Series A Preferred
Stock, and (iii) 482,760 shares capable of
being acquired through conversion of 120,690
shares of the Company's Series B Preferred
Stock.
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,717,886 shares, includes (i) 2,400,000 shares capable of being
acquired through exercise of a warrant, (ii) 537,142 shares capable
of being acquired through conversion of 537,142 shares of the
Company's Series A Preferred Stock, and (iii) 482,760 shares
capable of being acquired through conversion of 120,690 shares of
the Company's Series B Preferred Stock.
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [ ]
EXCLUDES CERTAIN SHARES*
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
77.8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
----------------------------- ---------------------------------
TRISTAR CORPORATION SCHEDULE 13D
CUSIP NO. 778242107 PAGE 5 OF 10 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) [ ][X]
(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 8 SHARED VOTING POWER: -0-
EACH
REPORTING ---------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER: -0-
WITH
---------------------------------------------------
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 10 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 8 SHARED VOTING POWER: 15,717,886 shares,
EACH includes (i) 2,400,000 shares capable of
REPORTING being acquired through exercise of a
warrant, (ii) 537,142 shares capable of
being acquired through conversion of 537,142
shares of the Company's Series A Preferred
Stock, and (iii) 482,760 shares capable of
being acquired through conversion of 120,690
shares of the Company's Series B Preferred
Stock.
---------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER: -0-
WITH
---------------------------------------------------
10 SHARED DISPOSITIVE POWER: 15,717,886 shares,
includes (i) 2,400,000 shares capable of
being acquired through exercise of a
warrant, (ii) 537,142 shares capable of
being acquired through conversion of 537,142
shares of the Company's Series A Preferred
Stock, and (iii) 482,760 shares capable of
being acquired through conversion of 120,690
shares of the Company's Series B Preferred
Stock.
--------------------------------------------------------------------------------
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 10 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 8 SHARED VOTING POWER: 14,697,984 shares,
EACH includes 2,400,000 shares capable of being
REPORTING acquired through exercise of a warrant
PERSON ---------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER: -0-
---------------------------------------------------
10 SHARED DISPOSITIVE POWER: 14,697,984 shares,
includes 2,400,000 shares 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 shares 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)
27.2%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
----------------------------- ---------------------------------
TRISTAR CORPORATION SCHEDULE 13D
CUSIP NO. 778242107 PAGE 8 OF 10 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 8 SHARED VOTING POWER: 10,014,952 shares,
EACH includes 537,142 shares capable of being
REPORTING acquired through conversion of 537,142
shares of the Company's Series A Preferred
Stock.
---------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER: -0-
WITH
---------------------------------------------------
10 SHARED DISPOSITIVE POWER: 10,014,952 shares,
includes 537,142 shares capable of being
acquired through conversion of 537,142
shares of the Company's Series A Preferred
Stock.
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,014,952 shares, includes 537,142 shares capable of being
acquired through conversion of 537,142 shares of the Company's
Series A Preferred Stock.
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [ ]
EXCLUDES CERTAIN SHARES*
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
57.9%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
----------------------------- ---------------------------------
TRISTAR CORPORATION SCHEDULE 13D
CUSIP NO. 778242107 PAGE 9 OF 10 PAGES
----------------------------- ---------------------------------
<PAGE> 10
================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Nevell Investments, S.A.
--------------------------------------------------------------------------------
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
Panama
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: -0-
SHARES
BENEFICIALLY ---------------------------------------------------
OWNED BY 8 SHARED VOTING POWER: 482,760 shares,
EACH includes 482,760 shares capable of being
REPORTING acquired through conversion of 120,690
shares of the Company's Series B Preferred
Stock.
---------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER: -0-
WITH
---------------------------------------------------
10 SHARED DISPOSITIVE POWER: 482,760 shares,
includes 482,760 shares capable of being
acquired through conversion of 120,690
shares of the Company's Series B Preferred
Stock.
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
482,760 shares, includes 482,760 shares capable of being acquired
through conversion of 120,690 shares of the Company's Series B
Preferred Stock.
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [ ]
EXCLUDES CERTAIN SHARES*
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
----------------------------- ---------------------------------
TRISTAR CORPORATION SCHEDULE 13D
CUSIP NO. 778242107 PAGE 10 OF 10 PAGES
----------------------------- ---------------------------------
<PAGE> 11
This Amendment No. 17 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"),
Nevell Investments, S. A. ("Nevell Investments"), 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. 17 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 intent of the members of the Core Sheth
Families to reorganize their business interests in Tristar. The Common Stock of
the Issuer 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.
Currently, the Core Sheth Families consist of members of two families
with the same last name who are unrelated by blood. Jamnadas Odhavji Sheth is
unrelated to the three brothers who are the other members of the Core Sheth
Families, i.e. Mahendrakumar Sunderlal Sheth, Shashikant Sunderlal Sheth and
Kirit Sunderlal Sheth. Currently, the Core Sheth Families exercise joint
beneficial ownership and voting control over 12,297,984 shares of Common Stock
of the Issuer, 2,400,000 warrants of the Issuer, 537,142 shares of the Series A
Preferred Stock of the Issuer, and 120,690 shares of the Series B Preferred
Stock of the Issuer through Transvit Manufacturing Corporation, Starion
International Ltd., Jamnadas Odhavji Sheth, Jamsun Trading LLC and Nevell
Investments. All shares of the Series A Preferred Stock and the Series B
Preferred Stock are now currently exercisable within 60 days.
The Core Sheth Families now intend to reorganize their business
interests in Tristar. As part of the reorganization, Jamnadas Odhavji Sheth
intends to disclaim his rights to the beneficial ownership and voting rights to
all of the Common Stock, warrants and Preferred Stock of the Issuer in favor of
the remaining Core Sheth Family members
<PAGE> 12
on terms as may be mutually finalized. The actual separation will be consummated
as soon as requisite permissions and formalities are completed. In the meantime,
the Core Sheth Families may reorganize the nominal ownership of the shares such
that transfer of ownership and voting rights to the aforesaid shares and
warrants passes over smoothly in the event of such consummation.
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>
Sole Shared Aggregate Shares Percentage of
Voting Voting Beneficially Common
Name Power Power Owned Stock
---------------------------------- ------------------ ------------------ ------------------------- -------------------
<S> <C> <C> <C> <C>
All Reporting Persons as a Group -0- 15,717,886 15,717,886 77.8
The Core Sheth Families -0- 15,717,886 15,717,886 77.8
Transvit Manufacturing -0- 10,014,952 10,014,952 57.9
Shashikant Sheth -0- 15,717,886 15,717,886 77.8
Mahendra Sheth -0- 15,717,886 15,717,886 77.8
Kirit Sheth -0- 15,717,886 15,717,886 77.8
Jamnadas Sheth -0- 15,717,886 15,717,886 77.8
Starion Int'l Ltd. -0- 14,697,984 5,220,174 27.2
Jay Sheth -0- -0- -0- -0-
Viren Sheth -0- -0- -0- -0-
Nevell Investments -0- 482,760 482,760 2.8
</TABLE>
Except with regard to Transvit Manufacturing, Jayesh Sheth, Virendra
Sheth and Nevell Investments, each of the above figures reflects 2,400,000
shares capable of being acquired through the exercise of warrants. Except with
regard to Jayesh Sheth, Virendra Sheth, Nevell Investments and Starion
International, each of the above figures reflects 537,142 shares capable of
being acquired through conversion of 537,142 of the Series A Preferred Stock.
Except with regard to Transvit Manufacturing, Jayesh Sheth, Virendra Sheth,
Nevell Investments and Starion International, each of the above figures reflects
482,760 shares capable of being acquired through the conversion of 120,690 of
the Series B Preferred Stock.
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. 17.
<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: July 6, 2000 /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: July 6, 2000 /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: July 6, 2000 /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: July 6, 2000 /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: July 6, 2000 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: July 6, 2000 /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: July 6, 2000 /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: July 6, 2000 Transvit Manufacturing Corporation
By:/s/ Mahendra Sheth
----------------------------------
Mahendra Sheth, Director
<PAGE> 21
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: July 6, 2000 Nevell Investments, S. A.
By: /s/ Kirit Sheth
-------------------------------
Kirit Sheth, Director
<PAGE> 22
EXHIBIT 1
AGREEMENT OF REPORTING PERSONS
The undersigned agree that this Amendment No. 17 to the Schedule 13D
dated July 6, 2000, 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
<PAGE> 23
Nevell Investments, S. A.
By: /s/ Kirit Sheth
--------------------------------
Name: Kirit Sheth
Title: Director
Dated: July 6, 2000
