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) January 14, 2003
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CNH CAPITAL RECEIVABLES INC.
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(Exact Name of Registrant as Specified in Charter)
Delaware 333-98887 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 November 8, 2002, 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 2002-B 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 Weighted Weighted Average
Statistical Number of Average Average Statistical
Contract Value Receivables Remaining Term Original Term Contract Value
-------------- ----------- -------------- ------------- --------------
$1,051,516,670.40 44,973 44.78 months 50.49 months $23,381.07
Distribution by Receivable Type of the Receivables Pool as of the End of the Pre-Funding Period
Percent of Aggregate
Number of Aggregate Statistical Statistical Contract
Receivable Type Receivables Contract Value Value
- --------------- ----------- -------------- -----
Retail Installment Contracts.......... 44,973 $1,051,516,670.40 100.00%
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
Contract APR Range Receivables Contract Value Value
- ------------------ ----------- -------------- -----
0.000% to 0.999%...................... 7,041 $159,064,693.14 15.13%
1.000% to 1.999%...................... 1,795 43,721,570.00 4.16
2.000% to 2.999%...................... 2,342 57,290,120.53 5.45
3.000% to 3.999%...................... 4,156 104,586,365.86 9.95
4.000% to 4.999%...................... 4,688 112,488,116.72 10.70
5.000% to 5.999%...................... 4,700 132,498,334.56 12.60
6.000% to 6.999%...................... 6,086 151,782,615.86 14.43
7.000% to 7.999%...................... 2,787 114,101,403.59 10.85
8.000% to 8.999%...................... 6,684 128,541,685.59 12.22
9.000% to 9.999%...................... 3,668 37,759,083.18 3.59
10.000% to 10.999%.................... 772 7,067,980.26 0.67
11.000% to 11.999%.................... 167 1,534,747.15 0.15
12.000% to 12.999%.................... 64 842,159.88 0.08
13.000% to 13.999%.................... 22 236,939.30 0.02
14.000% to 14.500%.................... 1 854.78 0.00
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Total:................................ 44,973 $1,051,516,670.40 100.00%
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Form 8-K page 2
Distribution by Equipment Type of the
Receivables as of the End of the Pre-Funding Period
Percent of
Aggregate Aggregate
Number of Statistical Statistical
Type Receivables Contract Value Contract Value
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Agricultural
New............................. 21,388 $423,598,113.66 40.28%
Used............................ 13,345 314,351,702.14 29.90
Construction
New............................. 7,769 255,514,573.79 24.30
Used............................ 2,471 58,052,280.81 5.52
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Total:........................ 44,973 $1,051,516,670.40 100.00%
========= ================= =======
Distribution by Payment Frequency of the
Receivables as of the End of the Pre-Funding Period
Percent of
Aggregate Aggregate
Number of Statistical Statistical
Frequency Receivables Contract Value Contract Value
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Annually(1)....................... 16,785 $454,969,227.94 43.27%
Semi-Annually..................... 1,433 32,998,228.91 3.14
Quarterly......................... 397 8,398,058.24 0.80
Monthly........................... 25,381 508,185,564.45 48.33
Irregular......................... 977 46,965,590.86 4.47
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Total:............................ 44,973 $1,051,516,670.40 100.00%
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(1) Approximately 3.29%, 1.90%, 3.31%, 8.59%, 11.97%, 10.08%, 7.57%, 6.82%,
14.27%, 9.95%, 13.16% and 9.11% 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.
Form 8-K page 3
Distribution by Current Statistical Contract Value of the
Receivables as of the End of the Pre-Funding Period
Percent of
Aggregate Aggregate
Number of Statistical Statistical
Statistical Contract Value Range Receivables Contract Value Contract Value
- -------------------------------- ----------- ---------------- --------------
Up to 4,999.99......................... 4,649 $ 15,413,499.23 1.47%
5,000.00 to 9999.99.................... 8,704 65,201,778.01 6.20
10,000.00 to 14,999.99................. 9,217 115,050,799.89 10.94
15,000.00 to 19,999.99................. 6,711 115,672,892.22 11.00
20,000.00 to 24,999.99................. 3,860 85,721,509.60 8.15
25,000.00 to 29,999.99................. 2,192 59,882,640.88 5.69
30,000.00 to 34,999.99................. 1,606 51,908,743.52 4.94
35,000.00 to 39,999.99................. 1,255 46,953,373.78 4.47
40,000.00 to 44,999.99................. 1,100 46,702,722.27 4.44
45,000.00 to 49,999.99................. 955 45,287,102.01 4.31
50,000.00 to 54,999.99................. 828 43,311,097.55 4.12
55,000.00 to 59,999.99................. 599 34,298,749.07 3.26
60,000.00 to 64,999.99................. 504 31,399,048.14 2.99
65,000.00 to 69,999.99................. 388 26,134,179.25 2.49
70,000.00 to 74,999.99................. 291 21,055,503.92 2.00
75,000.00 to 99,999.99................. 1,004 86,585,028.42 8.23
100,000.00 to 199,999.99............... 1,002 128,712,794.51 12.24
200,000.00 to 299,999.99............... 74 17,795,313.18 1.69
300,000.00 to 499,999.99............... 26 9,237,099.05 0.88
500,000.00 to 699,999.99............... 6 3,699,500.15 0.35
700,000.00 and over.................... 2 1,493,295.75 0.14
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Total: .............................. 44,973 $1,051,516,670.40 100.00%
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Form 8-K page 4
Geographic Distribution of the
Receivables as of the End of the Pre-Funding Period
Percent of
Aggregate Aggregate
Number of Statistical Statistical
State(1) Receivables Contract Value Contract Value
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Alabama.............................. 456 $8,445,621.45 0.80%
Alaska............................... 25 588,450.81 0.06
Arizona.............................. 373 13,848,059.91 1.32
Arkansas............................. 1,757 41,636,237.87 3.96
California........................... 1,364 44,901,989.29 4.27
Colorado............................. 542 15,469,674.19 1.47
Connecticut.......................... 232 5,853,376.60 0.56
Delaware............................. 161 4,134,785.98 0.39
District of Columbia................. 4 120,011.36 0.01
Florida.............................. 1,002 23,437,459.02 2.23
Georgia.............................. 1,457 27,474,362.88 2.61
Hawaii............................... 88 3,547,227.04 0.34
Idaho................................ 659 20,124,077.02 1.91
Illinois............................. 2,011 56,478,934.60 5.37
Indiana.............................. 1,658 39,181,697.26 3.73
Iowa................................. 1,744 52,019,471.13 4.95
Kansas............................... 996 24,842,232.79 2.36
Kentucky............................. 1,248 22,891,674.14 2.18
Louisiana............................ 845 21,938,154.72 2.09
Maine................................ 215 3,930,446.32 0.37
Maryland............................. 649 13,062,801.63 1.24
Massachusetts........................ 197 4,358,396.69 0.41
Michigan............................. 1,499 35,003,944.29 3.33
Minnesota............................ 1,978 46,842,613.12 4.45
Mississippi.......................... 801 19,637,940.47 1.87
Missouri............................. 1,650 35,794,553.32 3.40
Montana.............................. 576 17,062,162.02 1.62
Nebraska............................. 851 23,650,509.08 2.25
Nevada............................... 170 7,057,212.73 0.67
New Hampshire........................ 198 4,981,868.84 0.47
New Jersey........................... 471 12,286,658.66 1.17
New Mexico........................... 182 4,740,504.05 0.45
New York............................. 1,866 33,699,288.72 3.20
North Carolina....................... 1,210 24,971,112.23 2.37
North Dakota......................... 599 15,213,160.84 1.45
Ohio................................. 1,777 33,816,691.85 3.22
Oklahoma............................. 821 18,736,204.57 1.78
Oregon............................... 606 16,096,832.00 1.53
Pennsylvania......................... 1,901 40,028,341.00 3.81
Rhode Island......................... 22 628,350.45 0.06
South Carolina....................... 775 13,047,659.04 1.24
South Dakota......................... 780 15,856,395.53 1.51
Tennessee............................ 1,231 25,733,180.90 2.45
Texas................................ 3,078 68,188,411.24 6.48
Utah................................. 258 5,943,809.78 0.57
Vermont.............................. 206 3,892,540.60 0.37
Virginia............................. 990 18,027,589.04 1.71
Washington........................... 706 18,796,423.01 1.79
West Virginia........................ 249 4,803,172.68 0.46
Wisconsin............................ 1,707 35,453,145.94 3.37
Wyoming.............................. 132 3,241,251.70 0.31
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Total:...................... 44,973 $1,051,516,670.40 100.00%
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(1) Based upon billing addresses of the obligors
Form 8-K page 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
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Name: Brian O'Keane
Title: Assistant Treasurer
Dated: January 14, 2003
Form 8-K page 6