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) May 15, 2002
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CNH CAPITAL RECEIVABLES INC.
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(Exact Name of Registrant as Specified in Charter)
Delaware 333-38040 39-1995297
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
100 South Saunders Road, Lake Forest 60045
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (847) 735-9200
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(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events
In the Prospectus Supplement dated May 20, 2002, issued under
Registration Statement No. 333-38040, 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 2002-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
Aggregate
Number of Statistical Weighted Average Weighted Average Average Statistical
Receivables Contract Value Remaining Term Original Term Contract Value
- ----------- -------------- -------------- ------------- --------------
39,164 $1,014,815,890.56 46.1 months 50.0 months $25,911.96
Distribution by Receivable Type of the Receivables Pool
Percent of
Aggregate
Number of Aggregate Statistical Statistical
Receivable Type Receivables Contract Value Contract Value
- --------------- ----------- -------------- --------------
Retail Installment Contracts................... 39,164 $1,014,815,890.56 100.00%
Distribution by Contract Annual Percentage Rate
of the Receivables as of the End of the Pre-Funding Period
Percent of
Aggregate
Number of Aggregate Statistical Statistical
Contract APR Range Receivables Contract Value Contract Value
- ------------------ ----------- -------------- --------------
0.000% to 0.999%............................... 6,840 $ 157,780,371.83 15.55%
1.000% to 1.999%............................... 1,757 32,750,620.62 3.23
2.000% to 2.999%............................... 2,116 66,383,925.11 6.54
3.000% to 3.999%............................... 3,100 83,297,669.02 8.21
4.000% to 4.999%............................... 2,551 72,156,776.62 7.11
5.000% to 5.999%............................... 5,652 152,928,403.52 15.07
6.000% to 6.999%............................... 3,730 154,962,695.17 15.27
7.000% to 7.999%............................... 6,264 198,188,519.53 19.53
8.000% to 8.999%............................... 4,573 71,562,531.22 7.05
9.000% to 9.999%............................... 1,616 18,080,936.38 1.78
10.000% to 10.999%............................. 787 5,674,528.91 0.56
11.000% to 11.999%............................. 124 730,544.98 0.07
12.000% to 13.999%............................. 54 318,367.65 0.03
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Total:......................................... 39,164 $1,014,815,890.56 100.00%
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Distribution by Equipment Type of the
Receivables as of the End of the Pre-Funding Period
Percent of
Aggregate
Number of Aggregate Statistical Statistical
Type Receivables Contract Value Contract Value
- ---- ----------- -------------- --------------
Agricultural
New................................... 16,012 368,434,489.20 36.31
Used.................................. 12,950 353,158,755.14 34.80
Construction
New................................... 7,460 231,716,055.22 22.83
Used.................................. 2,742 61,506,591.00 6.06
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Total:.............................. 39,164 $1,014,815,890.56 100.00%
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Distribution by Payment Frequency of the
Receivables as of the End of the Pre-Funding Period
Percent of
Aggregate
Number of Aggregate Statistical Statistical
Frequency Receivables Contract Value Contract Value
- --------- ----------- -------------- --------------
Annually (1)............................ 15,297 $468,023,185.08 46.12%
Semi-Annually........................... 1,266 32,601,954.52 3.21
Quarterly............................... 325 7,857,084.58 0.77
Monthly................................. 21,240 450,168,385.64 44.36
Irregular............................... 1,036 56,165,280.74 5.53
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Total:.................................. 39,164 $1,014,815,890.56 100.00%
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(1) Approximately 12.63%, 12.25%, 17.60%, 6.87%, 0.28%, 0.73%, 0.79%, 0.28%,
0.39%, 8.78%, 19.60% and 19.81% 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.
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Distribution by Current Statistical Contract Value of the
Receivables as of the End of the Pre-Funding Period
Percent of
Aggregate
Number of Aggregate Statistical Statistical
Statistical Contract Value Range Receivables Contract Value Contract Value
- -------------------------------- ----------- -------------- --------------
Up to $4,999.99........................... 3,603 $11,428,457.41 1.13%
$5,000.00 to $9,999.99.................... 6,617 49,795,820.44 4.91
$10,000.00 to $14,999.99.................. 7,101 88,697,667.97 8.74
$15,000.00 to $19,999.99.................. 5,826 100,607,895.08 9.91
$20,000.00 to $24,999.99.................. 3,573 79,653,043.64 7.85
$25,000.00 to $29,999.99.................. 2,209 60,292,751.73 5.94
$30,000.00 to $34,999.99.................. 1,664 53,728,992.35 5.29
$35,000.00 to $39,999.99.................. 1,335 49,871,252.58 4.91
$40,000.00 to $44,999.99.................. 1,109 46,942,737.60 4.63
$45,000.00 to $49,999.99.................. 1,027 48,691,716.07 4.80
$50,000.00 to $54,999.99.................. 894 46,739,504.79 4.61
$55,000.00 to $59,999.99.................. 721 41,285,005.79 4.07
$60,000.00 to $64,999.99.................. 543 33,835,327.53 3.33
$65,000.00 to $69,999.99.................. 429 28,832,334.39 2.84
$70,000.00 to $74,999.99.................. 341 24,605,137.51 2.42
$75,000.00 to $99,999.99.................. 1,067 91,891,996.42 9.06
$100,000.00 to $199,999.99................ 1,006 126,502,451.45 12.47
$200,000.00 to $299,999.99................ 71 17,008,466.08 1.68
$300,000.00 to $499,999.99................ 18 6,663,456.16 0.66
$500,000.00 to $699,999.99................ 6 3,509,896.68 0.35
$700,000.00 and over...................... 4 4,231,978.89 0.42
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Total: ................................. 39,164 $1,014,815,890.56 100.00%
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Geographic Distribution of the
Receivables as of the End of the Pre-Funding Period
Percent of
Aggregate
Number of Aggregate Statistical Statistical
Statistical Contract Value Range Receivables Contract Value Contract Value
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Alabama................................. 399 $7,911,777.53 0.78%
Alaska.................................. 19 573,011.80 0.06
Arizona................................. 291 10,159,841.01 1.00
Arkansas................................ 1,020 26,200,599.53 2.58
California.............................. 1,382 45,311,608.38 4.47
Colorado................................ 515 16,099,406.99 1.59
Connecticut............................. 221 5,758,973.48 0.57
Delaware................................ 156 4,243,363.91 0.42
District of Columbia.................... 2 45,516.05 0.00
Florida................................. 744 17,824,277.66 1.76
Georgia................................. 1,291 27,128,873.21 2.67
Hawaii.................................. 46 1,458,385.05 0.14
Idaho................................... 550 18,015,098.71 1.78
Illinois................................ 1,987 64,838,528.39 6.39
Indiana................................. 1,644 48,434,494.23 4.77
Iowa.................................... 1,853 71,303,828.03 7.03
Kansas.................................. 1,026 28,704,885.07 2.83
Kentucky................................ 1,097 21,852,234.30 2.15
Louisiana............................... 580 16,170,731.80 1.59
Maine................................... 129 2,403,165.00 0.24
Maryland................................ 610 13,337,060.53 1.31
Massachusetts........................... 146 3,312,392.80 0.33
Michigan................................ 1,226 28,680,258.19 2.83
Minnesota............................... 1,932 54,965,762.48 5.42
Mississippi............................. 542 14,350,607.75 1.41
Missouri................................ 1,331 30,846,292.03 3.04
Montana................................. 358 10,285,934.99 1.01
Nebraska................................ 987 32,301,849.67 3.18
Nevada.................................. 134 5,256,234.36 0.52
New Hampshire........................... 140 3,221,416.13 0.32
New Jersey.............................. 456 11,970,782.71 1.18
New Mexico.............................. 158 4,398,480.83 0.43
New York................................ 1,541 31,699,256.87 3.12
North Carolina.......................... 1,044 24,046,927.16 2.37
North Dakota............................ 478 14,776,644.97 1.46
Ohio.................................... 1,476 31,632,783.76 3.12
Oklahoma................................ 587 13,353,949.95 1.32
Oregon.................................. 501 14,976,486.28 1.48
Pennsylvania............................ 1,693 36,660,119.11 3.61
Rhode Island............................ 23 601,771.77 0.06
South Carolina.......................... 633 11,906,075.10 1.17
South Dakota............................ 942 24,003,822.50 2.37
Tennessee............................... 999 21,601,001.05 2.13
Texas................................... 2,556 57,473,261.42 5.66
Utah.................................... 228 5,392,560.64 0.53
Vermont................................. 198 4,155,869.24 0.41
Virginia................................ 848 15,745,393.00 1.55
Washington.............................. 545 14,951,604.08 1.47
West Virginia........................... 167 3,591,038.47 0.35
Wisconsin............................... 1,603 36,360,191.48 3.58
Wyoming................................. 130 4,521,461.11 0.45
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Total:.................................. 39,164 $1,014,815,890.56 100.00%
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(1) Based upon billing addresses of the obligors
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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/ Alberto Fornaro
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Name: Alberto Fornaro
Title: Vice President & Treasurer
Dated: May 15, 2002
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