UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported) November 9, 2004
CNH CAPITAL RECEIVABLES INC.
CNH EQUIPMENT TRUST 2004-A
(Exact Name of Registrant as Specified in its Charter)
Delaware
Delaware
(State or Other Jurisdiction of Incorporation)
333-98887 |
| 39-1995297 |
333-98887-04 |
| 20-1620620 |
(Commission File Number) |
| (IRS Employer Identification No.) |
100 South Saunders Road, Lake Forest, Illinois 60045
c/o The Bank of New York (Delaware), White Clay Center,
Route 273, Newark, Delaware 19711
(Address of Principal Executive Offices) (Zip Code)
(847)735-9200
(302)283-8079
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events
In the Prospectus Supplement dated November 9, 2004, issued under Registration Statement No. 333-98887, the Registrant stated that, following the end of the pre-funding period, it would file a report on Form 8-K containing information comparable to that contained in the tables set forth therein regarding the aggregate characteristics of all of the receivables in CNH Equipment Trust 2004-A after the addition of the additional receivables. Following below is such information:
Composition of the Receivables as of the End of the Pre-Funding Period
Weighted |
| Aggregate |
| Number of |
| Weighted |
| Weighted |
| Average |
| ||
4.458% |
| $ | 1,510,365,375.24 |
| 58,488 |
| 48.37 months |
| 52.72 months |
| $ | 25,823.51 |
|
Distribution by Receivable Type of the Receivables Pool as of the End of the Pre-Funding Period
|
|
|
|
|
| Percent of |
| |
|
|
|
| Aggregate |
| Aggregate |
| |
|
|
|
| Statistical |
| Statistical |
| |
Receivable Type |
| Number of Receivables |
| Contract Value |
| Contract Value |
| |
Retail Installment Contracts |
| 58,488 |
| $ | 1,510,365,375.24 |
| 100.00 | % |
Distribution by Contract Annual Percentage Rate
of the Receivables as of the End of the Pre-Funding Period
|
|
|
|
|
| Percent of |
| |
|
|
|
| Aggregate |
| Aggregate |
| |
|
|
|
| Statistical |
| Statistical |
| |
Contract APR Range (%) |
| Number of Receivables |
| Contract Value |
| Contract Value |
| |
0.000 - 0.999 |
| 13,403 |
| $ | 224,202,749.54 |
| 14.84 | % |
1.000 - 1.999 |
| 3,305 |
| $ | 77,907,963.04 |
| 5.16 | % |
2.000 - 2.999 |
| 3,855 |
| $ | 112,494,958.03 |
| 7.45 | % |
3.000 - 3.999 |
| 6,874 |
| $ | 187,180,364.16 |
| 12.39 | % |
4.000 - 4.999 |
| 7,440 |
| $ | 276,756,538.87 |
| 18.32 | % |
5.000 - 5.999 |
| 4,928 |
| $ | 177,253,404.88 |
| 11.74 | % |
6.000 - 6.999 |
| 5,270 |
| $ | 198,684,003.07 |
| 13.15 | % |
7.000 - 7.999 |
| 6,303 |
| $ | 156,549,410.72 |
| 10.37 | % |
8.000 - 8.999 |
| 4,465 |
| $ | 69,524,657.80 |
| 4.60 | % |
9.000 - 9.999 |
| 1,801 |
| $ | 19,258,482.54 |
| 1.28 | % |
10.000 - 10.999 |
| 507 |
| $ | 7,083,817.91 |
| 0.47 | % |
11.000 - 11.999 |
| 247 |
| $ | 2,399,529.21 |
| 0.16 | % |
12.000 - 12.999 |
| 63 |
| $ | 793,673.72 |
| 0.05 | % |
13.000 - 13.999 |
| 21 |
| $ | 241,222.66 |
| 0.02 | % |
14.000 - 14.999 |
| 5 |
| $ | 32,574.68 |
| 0.00 | % |
17.000 - 17.999 |
| 1 |
| $ | 2,024.41 |
| 0.00 | % |
Total: |
| 58,488 |
| $ | 1,510,365,375.24 |
| 100.00 | % |
2
Distribution by Equipment Type of the
Receivables as of the End of the Pre-Funding Period
|
|
|
|
|
| Percent of |
| |
|
|
|
| Aggregate |
| Aggregate |
| |
|
|
|
| Statistical |
| Statistical |
| |
Type |
| Number of Receivables |
| Contract Value |
| Contract Value |
| |
Agriculture - New |
| 30,451 |
| $ | 680,650,519.72 |
| 45.07 | % |
Agriculture - Used |
| 16,548 |
| $ | 446,330,738.40 |
| 29.55 | % |
Construction - New |
| 8,281 |
| $ | 290,173,155.47 |
| 19.21 | % |
Construction - Used |
| 3,208 |
| $ | 93,210,961.65 |
| 6.17 | % |
Total: |
| 58,488 |
| $ | 1,510,365,375.24 |
| 100.00 | % |
Distribution by Payment Frequency of the
Receivables as of the End of the Pre-Funding Period
|
|
|
|
|
| Percent of |
| |
|
|
|
| Aggregate |
| Aggregate |
| |
|
|
|
| Statistical |
| Statistical |
| |
Frequency |
| Number of Receivables |
| Contract Value |
| Contract Value |
| |
Annual(1) |
| 21,760 |
| $ | 672,669,579.00 |
| 44.54 | % |
Semiannual |
| 1,731 |
| $ | 49,044,811.41 |
| 3.25 | % |
Quarterly |
| 540 |
| $ | 14,673,022.93 |
| 0.97 | % |
Monthly |
| 33,260 |
| $ | 699,936,516.30 |
| 46.34 | % |
Irregular |
| 1,197 |
| $ | 74,041,445.60 |
| 4.90 | % |
Total: |
| 58,488 |
| $ | 1,510,365,375.24 |
| 100.00 | % |
(1) Approximately 6.93%, 8.66%, 13.17%, 10.51%, 8.46%, 10.00%, 8.05%, 8.68%, 13.99%, 5.00%, 1.91% and 4.65% of the annual receivables have scheduled payments within the collection periods relating to the payment dates in January, February, March, April, May, June, July, August, September, October, November and December, respectively.
3
Distribution by Current Statistical Contract Value of the
Receivables as of the End of the Pre-Funding Period
|
|
|
|
|
| Percent of |
| |
|
|
|
| Aggregate |
| Aggregate |
| |
|
|
|
| Statistical |
| Statistical |
| |
Statistical Contract Value Range ($) |
| Number of Receivables |
| Contract Value |
| Contract Value |
| |
Up to - 5,000.00 |
| 4,803 |
| $ | 16,501,346.45 |
| 1.09 | % |
5,000.01 - 10,000.00 |
| 10,099 |
| $ | 75,889,585.50 |
| 5.02 | % |
10,000.01 - 15,000.00 |
| 11,121 |
| $ | 139,117,651.77 |
| 9.21 | % |
15,000.01 - 20,000.00 |
| 9,495 |
| $ | 164,513,122.86 |
| 10.89 | % |
20,000.01 - 25,000.00 |
| 5,820 |
| $ | 129,335,733.34 |
| 8.56 | % |
25,000.01 - 30,000.00 |
| 3,430 |
| $ | 93,574,588.59 |
| 6.20 | % |
30,000.01 - 35,000.00 |
| 2,277 |
| $ | 73,436,326.82 |
| 4.86 | % |
35,000.01 - 40,000.00 |
| 1,626 |
| $ | 60,767,973.24 |
| 4.02 | % |
40,000.01 - 45,000.00 |
| 1,439 |
| $ | 61,053,670.63 |
| 4.04 | % |
45,000.01 - 50,000.00 |
| 1,217 |
| $ | 57,696,366.36 |
| 3.82 | % |
50,000.01 - 55,000.00 |
| 1,107 |
| $ | 57,931,861.05 |
| 3.84 | % |
55,000.01 - 60,000.00 |
| 925 |
| $ | 53,080,082.50 |
| 3.51 | % |
60,000.01 - 65,000.00 |
| 756 |
| $ | 47,086,750.62 |
| 3.12 | % |
65,000.01 - 70,000.00 |
| 631 |
| $ | 42,529,974.33 |
| 2.82 | % |
70,000.01 - 75,000.00 |
| 471 |
| $ | 34,046,006.58 |
| 2.25 | % |
75,000.01 - 80,000.00 |
| 351 |
| $ | 27,179,486.23 |
| 1.80 | % |
80,000.01 - 85,000.00 |
| 305 |
| $ | 25,103,778.78 |
| 1.66 | % |
85,000.01 - 90,000.00 |
| 264 |
| $ | 23,071,304.67 |
| 1.53 | % |
90,000.01 - 95,000.00 |
| 244 |
| $ | 22,555,205.14 |
| 1.49 | % |
95,000.01 - 100,000.00 |
| 245 |
| $ | 23,877,070.14 |
| 1.58 | % |
100,000.01 - 200,000.00 |
| 1,626 |
| $ | 211,944,606.31 |
| 14.03 | % |
200,000.01 - 300,000.00 |
| 169 |
| $ | 39,482,080.21 |
| 2.61 | % |
300,000.01 - 500,000.00 |
| 50 |
| $ | 19,102,673.74 |
| 1.26 | % |
More than 500,000.00 |
| 17 |
| $ | 11,488,129.38 |
| 0.76 | % |
Total: |
| 58,488 |
| $ | 1,510,365,375.24 |
| 100.00 | % |
4
Geographic Distribution of the
Receivables as of the End of the Pre-Funding Period
|
|
|
|
|
| Percent of |
| |
|
|
|
| Aggregate |
| Aggregate |
| |
|
|
|
| Statistical |
| Statistical |
| |
State(2) |
| Number of Receivables |
| Contract Value |
| Contract Value |
| |
Alabama |
| 598 |
| $ | 14,560,104.55 |
| 0.96 | % |
Alaska |
| 26 |
| $ | 635,330.50 |
| 0.04 | % |
Arizona |
| 446 |
| $ | 17,169,305.42 |
| 1.14 | % |
Arkansas |
| 2,144 |
| $ | 67,635,529.16 |
| 4.48 | % |
California |
| 1,742 |
| $ | 62,579,465.67 |
| 4.14 | % |
Colorado |
| 590 |
| $ | 18,220,755.45 |
| 1.21 | % |
Connecticut |
| 320 |
| $ | 8,445,807.87 |
| 0.56 | % |
Delaware |
| 208 |
| $ | 6,922,854.68 |
| 0.46 | % |
District of Columbia |
| 4 |
| $ | 125,913.95 |
| 0.01 | % |
Florida |
| 1,300 |
| $ | 37,954,768.91 |
| 2.51 | % |
Georgia |
| 1,503 |
| $ | 32,475,990.84 |
| 2.15 | % |
Hawaii |
| 140 |
| $ | 4,697,635.77 |
| 0.31 | % |
Idaho |
| 698 |
| $ | 22,391,343.28 |
| 1.48 | % |
Illinois |
| 2,679 |
| $ | 76,574,150.90 |
| 5.07 | % |
Indiana |
| 2,122 |
| $ | 54,905,553.95 |
| 3.64 | % |
Iowa |
| 2,111 |
| $ | 66,952,991.27 |
| 4.43 | % |
Kansas |
| 1,213 |
| $ | 35,102,880.66 |
| 2.32 | % |
Kentucky |
| 1,617 |
| $ | 29,176,567.37 |
| 1.93 | % |
Louisiana |
| 1,057 |
| $ | 30,100,597.18 |
| 1.99 | % |
Maine |
| 298 |
| $ | 6,812,898.39 |
| 0.45 | % |
Maryland |
| 1,085 |
| $ | 24,458,340.87 |
| 1.62 | % |
Massachusetts |
| 223 |
| $ | 4,469,962.62 |
| 0.30 | % |
Michigan |
| 1,966 |
| $ | 40,666,971.09 |
| 2.69 | % |
Minnesota |
| 2,312 |
| $ | 59,500,722.27 |
| 3.94 | % |
Mississippi |
| 1,074 |
| $ | 34,998,958.04 |
| 2.32 | % |
Missouri |
| 2,087 |
| $ | 51,682,156.20 |
| 3.42 | % |
Montana |
| 583 |
| $ | 18,519,990.40 |
| 1.23 | % |
Nebraska |
| 1,210 |
| $ | 40,612,691.43 |
| 2.69 | % |
Nevada |
| 250 |
| $ | 9,971,622.55 |
| 0.66 | % |
New Hampshire |
| 246 |
| $ | 5,864,650.52 |
| 0.39 | % |
New Jersey |
| 689 |
| $ | 16,556,523.10 |
| 1.10 | % |
New Mexico |
| 192 |
| $ | 7,046,387.05 |
| 0.47 | % |
New York |
| 2,635 |
| $ | 51,167,965.63 |
| 3.39 | % |
North Carolina |
| 1,586 |
| $ | 40,031,613.36 |
| 2.65 | % |
North Dakota |
| 954 |
| $ | 30,464,328.10 |
| 2.02 | % |
Ohio |
| 2,272 |
| $ | 49,209,633.21 |
| 3.26 | % |
Oklahoma |
| 963 |
| $ | 25,005,303.60 |
| 1.66 | % |
Oregon |
| 732 |
| $ | 22,251,370.36 |
| 1.47 | % |
Pennsylvania |
| 2,776 |
| $ | 59,132,088.23 |
| 3.92 | % |
Rhode Island |
| 31 |
| $ | 597,979.98 |
| 0.04 | % |
South Carolina |
| 871 |
| $ | 17,076,859.76 |
| 1.13 | % |
South Dakota |
| 1,311 |
| $ | 36,066,670.64 |
| 2.39 | % |
Tennessee |
| 1,793 |
| $ | 38,754,183.56 |
| 2.57 | % |
Texas |
| 4,055 |
| $ | 102,694,909.98 |
| 6.80 | % |
Utah |
| 284 |
| $ | 8,092,154.47 |
| 0.54 | % |
Vermont |
| 331 |
| $ | 6,613,682.37 |
| 0.44 | % |
Virginia |
| 1,727 |
| $ | 33,011,796.57 |
| 2.19 | % |
Washington |
| 928 |
| $ | 26,745,760.97 |
| 1.77 | % |
West Virginia |
| 357 |
| $ | 6,454,203.32 |
| 0.43 | % |
Wisconsin |
| 2,022 |
| $ | 45,082,095.72 |
| 2.98 | % |
Wyoming |
| 127 |
| $ | 4,123,353.50 |
| 0.27 | % |
Total: |
| 58,488 |
| $ | 1,510,365,375.24 |
| 100.00 | % |
(2) Based upon billing address of the obligors
5
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CNH CAPITAL RECEIVABLES INC. | |||
| (Registrant) | |||
|
| |||
|
| |||
| By: | /s/ | BRIAN O’KEANE |
|
| Name: | Brian O’Keane |
| |
| Title: | Assistant Treasurer |
| |
|
| |||
|
| |||
Dated: November 9, 2004 |
| |||
|
| |||
| CNH EQUIPMENT TRUST 2004-A | |||
| (Registrant) | |||
|
| |||
| By: | Case Credit Corporation |
| |
|
| Administrator of the CNH Equipment Trust 2004-A | ||
|
| (Co-Registrant) |
| |
|
| |||
|
| |||
| By: | /s/ | BRIAN O’KEANE |
|
| Name: | Brian O’Keane |
| |
| Title: | Assistant Treasurer |
| |
|
| |||
|
| |||
Dated: November 9, 2004 |
| |||
6
