SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                  FORM 10-KSB/A

[X]  ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE  SECURITIES  EXCHANGE ACT OF
     1934 For the fiscal year ended December 31, 1999

[_]  TRANSITION  REPORT UNDER SECTION 13 OR 15(d) OF THE  SECURITIES  EXCHANGE
     ACT OF 1934

    For the transition period from ___________ to ___________

                         Commission file number: 0-28144

                               TRIMOL GROUP, INC.
             (Exact Name of Registrant as Specified in its Charter)

          DELAWARE                                         13-3859706
(State or other jurisdiction)                   (Employer Identification Number)

        1285 Avenue of the Americas, 35th Floor, New York, New York 10019
                    (Address of principal executive offices)

       Registrant's Telephone Number, Including Area Code: (212) 554-4394

Securities registered under Section 12(b) of the Exchange Act:         None

Title of each class registered: None                    Name of each exchange on
                                                        which registered: None

Securities registered under Section 12(g) of the Exchange Act:

                          Common Stock, $0.01 par value
                                (Title of class)

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports),  and (2) has been
subject to such filing requirements for the past 90 days. Yes [X] No [ ]

Check  if no  disclosure  of  delinquent  filers  in  response  to  Item  405 of
Regulation S-B is contained in this form,  and no disclosure  will be contained,
to the best of  registrant's  knowledge,  in  definitive  proxy  or  information
statements  incorporated  by  reference  in Part III of this Form  10-KSB or any
amendment to this Form 10-KSB. [X]

<PAGE>

State the issuer's revenues for its most recent fiscal year: $7,981,000

State the  aggregate  market  value of the voting and  non-voting  stock held by
non-affiliates  computed by  reference to the price at which the stock was sold,
or the average bid and asked prices of such stock, as of a specified date within
the past 60 days. The aggregate  market value of the voting and non-voting stock
held by non-affiliates of the registrant is approximately $3,071,500 (based upon
the average of the closing bid ($0.50) and closing asked ($2.00) prices on March
31, 2000.

State the number of shares  outstanding of each of the  registrant's  classes of
common  equity  as of the  latest  practicable  date:  12,039,000  shares of the
registrant's common stock are issued and outstanding as of March 31, 2000.

DOCUMENTS INCORPORATED BY REFERENCE

If the following documents are incorporated by reference,  briefly describe them
and   identify  the  part  of  the  form  10-KSB  into  which  the  document  is
incorporated:  (1) any  annual  report  to  security  holders;  (2) any proxy or
information statement;  and (3) any prospectus filed pursuant to Rule 424 (b) or
(c ) of the Securities Act of 1933. None

Transitional Small Business Disclosure Format (check one): Yes [ ] No [X]

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TABLE OF CONTENTS

                                                                           Page

PART III

Item 13.   Exhibits, Lists and Reports on Form 8-K..........................41


<PAGE>


                                   SIGNATURES

     In accordance  with Section 13 or 15(d) of the  Securities  Exchange Act of
1934, as amended (the "Exchange Act"),  the Registrant  caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.

                                             TRIMOL GROUP, INC.



                                                  /s/ Alex Gordin
                                             ----------------------------
                                             Alex Gordin, President

     In  accordance  with the Exchange Act, this report has been signed below by
the following  persons on behalf of the  Registrant and in the capacities and on
the dates indicated.



Dated:  January 22, 2001                           /s/ Boris Birshtein
                                             ----------------------------------
                                             Boris Birshtein, Chairman of the
                                             Board


Dated:  January 22, 2001                                /s/ Alex Gordin
                                             ----------------------------------
                                             Alex Gordin, President and Director


Dated:  January 22, 2001                           /s/ Shmuel Gurfinkel
                                             ----------------------------------
                                             Shmuel Gurfinkel, Chief Financial
                                             Officer and Director


Dated: January 22, 2001                                /s/ Gary Shokin
                                             ----------------------------------
                                             Gary Shokin, Secretary and Director


<PAGE>


                               TRIMOL GROUP, INC.

                                INDEX OF EXHIBITS

EXHIBIT NO.                                  DESCRIPTION OF DOCUMENT
-----------                                  -----------------------
23.1                                         Consent of KPMG Accountants N.V.


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                       REPORT OF THE INDEPENDENT AUDITORS

To the Board of Directors and Shareholders of Trimol Group, Inc.

We have audited the  accompanying  consolidated  balance  sheet of Trimol Group,
Inc. and  subsidiaries  (the  "Company") as of December 31, 1998 and the related
consolidated  statements of operations,  changes in shareholders equity and cash
flows for the year then ended. These financial statements are the responsibility
of the  Company's  management.  Our  responsibility  is to express an opinion on
these financial statements based on our audit.

We conducted our audit in accordance with generally  accepted auditing standards
in the United States. Those standards require that we plan and perform the audit
to obtain reasonable  assurance about whether the financial  statements are free
of material misstatement. An audit includes examining, on a test basis, evidence
supporting  the amounts and  disclosures in the financial  statements.  An audit
also includes assessing the accounting principles used and significant estimates
made by  management,  as well as  evaluating  the  overall  financial  statement
presentation.  We believe  that our audit  provides a  reasonable  basis for our
opinion.

In our opinion, the consolidated  financial statements referred to above present
fairly, in all material  respects,  the financial  position of the Company as of
December 31, 1998 and the results of its  operations and cash flows for the year
then ended, in conformity with generally accepted  accounting  principles in the
United States.


                                KPMG Accountants N.V.
                                Certified Public Accountants (Netherlands)
                                A Member of KPMG International

                                Amstelveen, The Netherlands
                                April 9, 1999