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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Amendment No.: 1
Name of Issuer: Actrade International, Ltd.
Title of Class of Securities: Common Stock, par value $.0001
CUSIP Number: 004931101
(Name, Address and Telephone Number of Person
Authorized To Receive Notices and Communications)
Mr. Ronald Eubel, c/o Eubel Brady & Suttman Asset
Management, Inc., 7777 Washington Village Drive,
Dayton, Ohio 45459, (513) 291-1223
(Date of Event which Requires Filing of this Statement)
June 30, 1997
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 [ ].
*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 the disclosures provided
in a prior cover page.
The information required in 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).
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Cusip No. 004931101
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Ronald L. Eubel
2. Check the Appropriate Box if a Member of a Group
a.
b. x
3. SEC Use Only
4. Source of Funds
WC
5. Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e)
6. Citizenship or Place of Organization
United States
Number of Shares Beneficially Owned by Each Reporting Person
With:
7. Sole Voting Power:
8. Shared Voting Power:
458,130
9. Sole Dispositive Power:
10. Shared Dispositive Power:
458,130
11. Aggregate Amount Beneficially Owned by Each Reporting Person
458,130
12. Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares
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13. Percent of Class Represented by Amount in Row (11)
6.53%
14. Type of Reporting Person
IN
3
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CUSIP No. 004931101
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Mark E. Brady
2. Check the Appropriate Box if a Member of a Group
a.
b. x
3. SEC Use Only
4. Source of Funds
WC
5. Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e)
6. Citizenship or Place of Organization
United States
Number of Shares Beneficially Owned by Each Reporting Person
With:
7. Sole Voting Power:
8. Shared Voting Power:
458,130
9. Sole Dispositive Power:
10. Shared Dispositive Power:
458,130
11. Aggregate Amount Beneficially Owned by Each Reporting Person
458,130
12. Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares
4
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13. Percent of Class Represented by Amount in Row (11)
6.53%
14. Type of Reporting Person
IN
5
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CUSIP No. 004931101
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Robert J. Suttman
2. Check the Appropriate Box if a Member of a Group
a.
b. x
3. SEC Use Only
4. Source of Funds
WC, PF
5. Check if Disclosure of Legal Proceedings is required Pursuant
to Items 2(d) or 2(e)
6. Citizenship or Place of Organization
Number of Shares Beneficially Owned by Each Reporting Person
With:
7. Sole Voting Power:
10,000
8. Shared Voting Power:
458,130
9. Sole Dispositive Power:
10,000
10. Shared Dispositive Power:
458,130
11. Aggregate Amount Beneficially Owned by Each Reporting Person
468,130
12. Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares
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13. Percent of Class Represented by Amount in Row (11)
6.67%
14. Type of Reporting Person
IN
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Item 1. SECURITY AND ISSUER
No change.
Item 2. IDENTITY AND BACKGROUND
No change.
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
As of the date hereof, each of Messrs. Eubel, Brady and
Suttman are deemed to beneficially own 458,130 shares of
Common Stock. All such 458,130 shares of Common Stock
are held by the Partnership or managed accounts over
which the Reporting Persons have investment discretion.
In addition, Mr. Suttman personally holds 10,000 shares
of Common Stock. Since the last filing on Schedule 13D,
the Partnership or managed accounts over which the
Reporting Persons have investment discretion made an
open-market purchase of shares of Common Stock for
$93,486, purchased shares of Common Stock in a private
placement for $1,175,000 and Mr. Suttman purchased
shares of Common Stock in a private placement for
$25,000. The funds for the purchase of Common Stock
held in the Partnership came from capital contributions
to the Partnership by its general and limited partners.
The funds for the purchase of Common Stock held in the
managed accounts came from each such account's own
funds. The funds for the purchase of Common Stock
personally held by Mr. Suttman came from Mr. Suttman's
personal funds. No funds were borrowed to finance the
purchase.
Item 4. PURPOSE OF TRANSACTIONS.
No change.
Item 5. INTEREST IN SECURITIES OF ISSUER.
Based on information from the Company, 7,015,681 shares
of Common Stock are believed to be outstanding. As
noted above, Messrs. Eubel and Brady each are deemed to
beneficially own 458,130 shares of Common Stock and
therefore each are deemed to beneficially own 6.53% of
the outstanding shares of Common Stock. Mr. Suttman is
deemed to beneficially own 468,130 shares of Common
Stock and therefore is deemed to beneficially own 6.67%
of the outstanding shares of Common Stock. Each
Reporting Person has the sole or shared power to vote,
direct the vote, dispose of or direct the disposition of
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all the shares of Common Stock that he beneficially
owns.
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER
No change.
Item 7. MATERIAL TO BE FILED AS EXHIBITS.
Attached hereto as Exhibit A is a description of the
transactions in the Common Stock that were effected by
the Reporting Persons during the past 60 days.
Signature
The undersigned, after reasonable inquiry and to
the best of their knowledge and belief, certify that the
information set forth in this statement is true, complete
and correct.
July 10, 1997
/s/ Ronald L. Eubel
__________________________
Ronald L. Eubel
/s/ Mark E. Brady
__________________________
Mark E. Brady
/s/ Robert J. Suttman
__________________________
Robert J. Suttman
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AGREEMENT
The undersigned agree that this Schedule 13D dated
July 10, 1997 relating to the Common Stock of Actrade
International, Ltd. shall be filed on behalf of the
undersigned.
/s/ Ronald L. Eubel
_________________________________
Ronald L. Eubel
/s/ Mark E. Brady
_________________________________
Mark E. Brady
/s/ Robert J. Suttman
_________________________________
Robert J. Suttman
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EXHIBIT A
SCHEDULE OF TRANSACTIONS
Date Shares Purchased Price Per Share
or (Sold) (Not Including Commission)
____ _______________ ______________________
6/30/97 120,000 $10.00
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00843001.AA7
