UNITED STATE SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Amendment No.: *
Name of Issuer: Actrade International. Ltd.
Title of Class of Securities: Common Stock, par value $ .001
CUSIP Number: 004931101
(Date of Event Which Requires Filing of this Statement)
August 14, 1998
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
/ / Rule 13d-1(b)
/X/ Rule 13d-1(c)
/ / Rule 13d-1(d)
*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 Secutrities 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).
CUSIP Number: 004931101
Name of Reporting Person
I.R.S. Identification No. of Above Person
Richland SA
Diversified Investment & Finance
Check the Appropriate Box if a Member of a Group
a.
b.
SEC Use Only
CUSIP Number: 004931101
Citizenship or Place of Organization
Republic of Panama
Number of Shares Beneficially Owned by Each Reporting Person With:
Sole Voting Power:
Shared Voting Power:
618,170
Sole Dispositive Power:
618,170
Shared Dispositive Power:
618,170
Aggregate Amount Beneficially Owned by Each Reporting Person:
618,170
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares:
Percent of Class Represented by Amount in Row (9):
7.24%
Type of Reporting Person:
CO
<PAGE>
Item 1 (a) Name of Issuer: Actrade International, Ltd.
Address of Insurer's Principal Executive Offices:
7 Penn Plaza
Suite 422
New York, New York 10001
Item 2 (a) - (c). Name and Address
Richland SA
Diversified Investment & Finance
72 Weizzman Street
Tel Aviv 62308
Israel
(d) Title of Class of Securities : Common Stock, par value $ .001
CUSIP Number: 004931101
Item 3. If this statement is filed pursuant to Rule 13d-1(b)(1) or
13d-2(b) or (c) check whether the person filing is:
(a) / / Broker or dealer registered under Section 15 of the Act,
(b) / / Bank as defined in Section 3(a)(6) of the Act,
(c) / / Insurance Company as defined in Section 3(a)(19) of the Act,
(d) / / Investment Company registered under Section 8 of the Investment
Company Act,
(e) / / Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940,
(f) / / Employee benefit Plan, Pension fund which is subject to
the provisions of the Employee Retirement Income Security
Act of 1974 or Endowment Fund,
(g) / / Parent Holding company, in accordance with Rule
13d-1(b)(ii)(G),
(h) / / Savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act,
(i) / / Church Plan excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act,
(j) / / Group, in accordance with rule 13d-1(b)(1)(ii)(H).
If this statement is filed pursuant to Rule 13d-1(c), check this box: / X /
Item 4. Ownership.
Amount Beneficially Owned: 618,170
Percent of Class: 7.24%
(c)
Item 5. Ownership of Five Percent or Less of a Class.
N/A
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
N/A
Item 7. Identification and Classification of the Subsidiary which Acquired
the Security Being Reported by the Parent Holding Company.
N/A
Item 8. Identification and Classification of Members of the Group.
N/A
Item 9. Notice of Dissolution of the Group.
N/A
Item 10.
Certification for Rule 13d-1(c): By signing below I certify that, to the
best of my knowledge and belief, the securities referred to above were not
acquired and are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were not acquired
and are not held in connection with or as a participant in any transaction
having that purpose or effect.
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.
Richland SA
By:_/s/Joseph Stabholz_____________
Joseph Stabholz
August 17, 1998
--------------
Date
<PAGE>
AGREEMENT
The undersigned agree that this Schedule 13G dated August 17, 1998
relating to the Common
Stock of Actrade International, Ltd. shall be filed on behalf on the
undersigned.
Richland SA
By:_/s/Joseph Stabholz__________
Joseph Stabholz
