UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
STARTRONIX INTERNATIONAL, INC.
- -------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
855 68 C108
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(CUSIP Number)
Dr. Fahad Almubarak
c/o Rana Investment Company
P.O. Box 60148
Riyadh, Saudi Arabia 11545
011-966-01-462-6262
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(Name, Address, Telephone Number of Person Authorized
to Receive Notices and Communications)
December 31, 1996
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(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 <square>.
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).
PAGE
<PAGE>
SCHEDULE 13D
CUSIP NO. 855 68 C108 PAGE 2 OF 6 PAGES
<TABLE>
<CAPTION>
1 NAME OF REPORTING PERSON; S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Rana Investment Company and Rana Star Investment Company Ltd., a company in which Rana Investment Company
holds a 50% interest.
<S> <C> <C> <C>
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) <checked-box>
(b) <square>
3 SEC USE ONLY
4 SOURCE OF FUNDS*
OO
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) <square>
6 CITIZENSHIP OR PLACE OR ORGANIZATION
Rana Investment Company is incorporated as an investment institution in Saudi Arabia.
Rana Star Investment Company Ltd. is organized as a limited liability company organized under the laws of
the Cayman Islands.
NUMBER OF 7 SOLE VOTING POWER 9.50%
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
8 SHARED VOTING POWER 0%
9 SOLE DISPOSITIVE POWER 2,600,000 common shares
10 SHARED DISPOSITIVE POWER 0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,600,000 common
shares of StarTronix International, Inc. are held by Rana Investment Company, 100,000 shares of which are owned
by itself and the remainder of which are owned by Rana Star Investment Company Ltd.
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* NO <square>
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.50%
14 TYPE OF REPORTING PERSON* IV
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</TABLE>
PAGE
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Item 1. Security and Issuer
- ---------------------------
Common Stock ("Common Shares") of StarTronix International, Inc. (the "Issuer")
StarTronix International, Inc.
2402 Michelson Dr., Suite 160
Irvine, California 92715
EIN: 91-2263272
Item 2. Identity and Background
- -------------------------------
Rana Investment Company:
_______________________
(a) Name: Rana Investment Company ("RIC")
(b) Place of Organization: Saudi Arabia
(c) Principal Business: Investment company
(d) Address of Principal Business: P.O. Box 60148
Riyadh, Saudi Arabia 11545
(e) Address of Principal Office: P.O. Box 60148
Riyadh, Saudi Arabia 11545
(f) Criminal Convictions: None
(g) Civil Proceedings under any
Securities Laws: None
Rana Star Investment Company Ltd.:
_________________________________
(a) Name: Rana Star Investment Company Ltd.
("Rana Star")
(b) Place of Organization: Cayman Islands
(c) Principal Business: Investment company
(d) Address of Principal Business: P.O. Box 60148
Riyadh, Saudi Arabia 11545
(e) Address of Principal Office: c/o E & Y Corporate Services
(Cayman Islands) Ltd.
P.O. Box 1034 One Capital Place
George Town, Grand Cayman
Cayman Islands, British West Indies
(f) Criminal Convictions: None
(g) Civil Proceedings under any
Securities Laws: None
Item 3. Source and Amount of Funds
__________________________________
On October 9, 1996, RIC invested, on behalf of itself, $99,000 (representing
110,000 Common Shares) from its own funds and subsequently, on October 15, 1996
sold 10,000 Common Shares (for $9,400) from that initial investment.
On December 31, 1996, RIC invested, on behalf of Rana Star, $1,000,000 from its
own funds and client accounts.
Item 4. Purpose of Transaction
______________________________
The purpose of this transaction for RIC and Rana Star was to invest in the
Common Shares. Rana Star and RIC may acquire additional securities of the
Issuer or dispose of such securities in accordance with their investment
objectives.
Item 5. Interest in Securities of the Issuer
____________________________________________
As of December 31, 1996, RIC and Rana Star collectively owned 2,600,000 Common
Shares, representing a 9.50% interest in the Common Shares.
Item 6. Contracts, Etc., with Respect to Securities of the Issuer
_________________________________________________________________
None.
Item 7. Material to be Filed as Exhibits
_________________________________________
None.
PAGE
<PAGE>
After reasonable inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this statement is true, complete and
correct.
Date: March 11, 1997
RANA INVESTMENT COMPANY
By: /s/ Dr. Mazan Hassounah
-------------------------------
Name: Dr. Mazan Hassounah
Title: Deputy General Manager
RANA STAR INVESTMENT COMPANY LTD.
By: /s/ Dr. Mazan Hassounah
-------------------------------
Name: Dr. Mazan Hassounah
Title: Director
PAGE
<PAGE>
The undersigned hereby each consent to the joint filing on behalf of them of
Schedule 13-D, pursuant to Section 13(d)(3) and Rule 13d-1(f)(1)(iii) of the
Securities Exchange Act of 1934, as amended, with respect to the common shares
of Management Technologies, Inc.
Date: March 11, 1997
RANA INVESTMENT COMPANY
By: /s/ Dr. Mazan Hassounah
-------------------------------
Name: Dr. Mazan Hassounah
Title: Deputy General Manager
RANA STAR INVESTMENT COMPANY LTD.
By: /s/ Dr. Mazan Hassounah
-------------------------------
Name: Dr. Mazan Hassounah
Title: Director
