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) August 13, 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 May 14, 2003, 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 2003-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 Weighted Average
Statistical Number of Weighted Average Average Statistical
Contract Value Receivables Remaining Term Original Term Contract Value
- -------------- ----------- ---------------- -------------- --------------
$957,550,474.10 49,514 45.823 months 52.528 months $19,338.98
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................... 49,514 $957,550,474.10 100.00%
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%............................... 8,908 $ 163,429,943.09 17.07
1.000% to 1.999%............................... 1,279 33,401,502.16 3.49
2.000% to 2.999%............................... 5,606 116,747,578.45 12.19
3.000% to 3.999%............................... 2,859 70,869,422.68 7.40
4.000% to 4.999%............................... 1,919 61,613,370.49 6.43
5.000% to 5.999%............................... 6,985 227,951,277.96 23.81
6.000% to 6.999%............................... 3,297 73,671,049.63 7.69
7.000% to 7.999%............................... 5,341 90,522,872.59 9.45
8.000% to 8.999%............................... 5,349 66,926,033.06 6.99
9.000% to 9.999%............................... 3,944 29,723,754.15 3.10
10.000% to 10.999%............................. 3,066 17,996,438.12 1.88
11.000% to 11.999%............................. 651 3,431,383.27 0.36
12.000% to 12.999%............................. 238 988,046.56 0.10
13.000% to 13.999%............................. 53 237,201.17 0.02
14.000% to 19.999%............................. 19 40,600.72 0.00
Total:......................................... ------ ---------------- ------
49,514 $957,550,474.10 100.00%
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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
- ---- ----------- -------------- --------------
Agricultural
New................................... 25,866 $432,577,793.42 45.18%
Used.................................. 12,815 259,728,783.89 27.12
Construction
New................................... 7,939 209,314,247.65 21.86
Used.................................. 2,894 55,929,649.14 5.84
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Total:.............................. 49,514 $957,550,474.10 100.00%
========== =============== =======
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
- --------- ----------- -------------- --------------
Annual /1................................ 16,711 $392,128,046.13 40.95%
Semi-Annually........................... 1,512 34,110,633.79 3.56
Quarterly............................... 446 7,986,835.43 0.83
Monthly................................. 29,900 481,108,788.72 50.24
Irregular............................... 945 42,216,170.03 4.41
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Total:.................................. 49,514 $ 957,550,474.10 100.00%
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1/ Approximately 11.40, 10.49%, 16.26%, 16.62%, 14.17%, 10.65%, 2.44%,
1.14%, 2.76%, 1.36%, 2.07% and 10.65% 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.
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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 Aggregate
Number of Statistical Statistical
Statistical Contract Value Range Receivables Contract Value Contract Value
- -------------------------------- ----------- -------------- ---------------
Up to 4,999.99................................ 10,828 $29,386,663.32 3.07%
5,000.00 to 9999.99........................... 8,920 66,069,130.97 6.90
10,000.00 to 14,999.99........................ 8,742 109,275,632.12 11.41
15,000.00 to 19,999.99........................ 6,912 119,536,421.96 12.48
20,000.00 to 24,999.99........................ 3,891 86,325,730.01 9.02
25,000.00 to 29,999.99........................ 2,186 59,481,968.30 6.21
30,000.00 to 34,999.99........................ 1,500 48,429,761.98 5.06
35,000.00 to 39,999.99........................ 1,085 40,526,293.36 4.23
40,000.00 to 44,999.99........................ 954 40,346,960.57 4.21
45,000.00 to 49,999.99........................ 697 33,067,475.26 3.45
50,000.00 to 54,999.99........................ 672 35,233,704.48 3.68
55,000.00 to 59,999.99........................ 531 30,385,193.44 3.17
60,000.00 to 64,999.99........................ 413 25,710,605.87 2.69
65,000.00 to 69,999.99........................ 280 18,835,163.61 1.97
70,000.00 to 74,999.99........................ 252 18,215,820.51 1.90
75,000.00 to 99,999.99........................ 803 69,169,632.25 7.22
100,000.00 to 199,999.99...................... 764 98,946,947.48 10.33
200,000.00 to 299,999.99...................... 56 13,320,509.50 1.39
300,000.00 to 399,999.99...................... 12 3,997,360.70 0.42
400,000.00 to 499,999.99...................... 9 3,951,087.36 0.41
500,000.00 and over........................... 7 7,338,411.05 0.77
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Total: .............................. 49,514 $ 957,550,474.10 100.00%
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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
- ----- ----------- -------------- ---------------
Alabama.......................................... 585 $8,740,286.71 0.91%
Alaska........................................... 16 316,226.85 0.03
Arizona.......................................... 358 11,675,750.96 1.22
Arkansas......................................... 1,831 35,558,403.72 3.71
California....................................... 1,762 44,785,500.87 4.68
Colorado......................................... 542 12,292,813.68 1.28
Connecticut...................................... 273 5,444,860.06 0.57
Delaware......................................... 200 4,754,989.90 0.50
District of Columbia............................. 2 50,870.91 0.01
Florida.......................................... 1,179 23,507,853.83 2.45
Georgia.......................................... 1,835 28,583,999.47 2.99
Hawaii........................................... 65 2,178,286.58 0.23
Idaho............................................ 710 16,549,602.78 1.73
Illinois......................................... 1,838 41,334,375.07 4.32
Indiana.......................................... 1,661 34,867,010.49 3.64
Iowa............................................. 1,210 32,072,295.76 3.35
Kansas........................................... 973 21,927,512.35 2.29
Kentucky......................................... 1,737 22,232,462.91 2.32
Louisiana........................................ 950 22,685,221.37 2.37
Maine............................................ 258 4,070,354.76 0.43
Maryland......................................... 984 17,080,414.68 1.78
Massachusetts.................................... 255 4,832,414.33 0.50
Michigan......................................... 1,652 30,973,662.00 3.23
Minnesota........................................ 1,790 41,326,442.36 4.32
Mississippi...................................... 834 17,583,864.03 1.84
Missouri......................................... 1,541 27,692,966.61 2.89
Montana.......................................... 583 14,963,448.03 1.56
Nebraska......................................... 634 17,318,111.85 1.81
Nevada........................................... 159 4,733,591.40 0.49
New Hampshire.................................... 187 3,713,552.53 0.39
New Jersey....................................... 664 11,398,025.30 1.19
New Mexico....................................... 211 3,782,421.34 0.40
New York......................................... 2,133 33,401,655.13 3.49
North Carolina................................... 1,462 26,141,556.77 2.73
North Dakota..................................... 596 14,042,734.91 1.47
Ohio............................................. 1,928 31,243,141.62 3.26
Oklahoma......................................... 1,009 18,096,248.00 1.89
Oregon........................................... 813 15,927,202.47 1.66
Pennsylvania..................................... 2,186 38,051,832.48 3.97
Rhode Island..................................... 37 611,568.60 0.06
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South Carolina................................... 1,009 13,391,399.09 1.40
South Dakota..................................... 943 19,128,598.14 2.00
Tennessee........................................ 1,587 26,162,451.69 2.73
Texas............................................ 3,495 60,842,808.80 6.35
Utah............................................. 271 5,398,489.12 0.56
Vermont.......................................... 312 5,010,811.43 0.52
Virginia......................................... 1,547 22,983,837.10 2.40
Washington....................................... 804 17,696,939.49 1.85
West Virginia.................................... 290 4,625,373.94 0.48
Wisconsin........................................ 1,499 32,705,677.00 3.42
Wyoming.......................................... 113 3,060,001.31 0.32
Other............................................ 1 553.52 0.00
Total:.................................. 49,514 $957,550,474.10 100.00%
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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/ Brian O'Keane
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Name: Brian O'Keane
Title: Assistant Treasurer
Dated: August 13, 2003
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