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EXHIBIT 25
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
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FORM T-1
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b)(2)
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IBJ SCHRODER BANK & TRUST COMPANY
(Exact name of trustee as specified in its charter)
New York 13-5375195
(Jurisdiction of incorporation (I.R.S. employer
or organization if not a U.S. national bank) identification No.)
One State Street, New York, New York 10004
(Address of principal executive offices) (Zip code)
JAMES P. FREEMAN
IBJ SCHRODER BANK & TRUST COMPANY
One State Street
New York, New York 10004
(212) 858-2000
(Name, address and telephone number of agent for service)
LDM TECHNOLOGIES, INC.
(Exact names of obligor as specified in its charter)
LDM HOLDINGS, L.L.C.
LDM CANADA LIMITED PARTNERSHIP
LDM TECHNOLOGIES COMPANY
(Exact names of guarantors as specified in their charters)
Michigan 38-269-0171
Michigan Pending
Michigan 38-331-1998
Nova Scotia N/A
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification No.)
2500 Executive Hills Drive
Auburn Hills, Michigan 48326
(Address of principal executive offices) (Zip code)
10 3/4% Senior Subordinated Notes due 2007, Series B
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(Title of indenture securities)
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Item 1. General information
Furnish the following information as to the trustee:
(a) Name and address of each examining or
supervising authority to which
it is subject.
New York State Banking Department,
Two Rector Street,New York, New York
Federal Deposit Insurance Corporation,
Washington, D.C.
Federal Reserve Bank of New York Second District,
33 Liberty Street, New York, New York
(b) Whether it is authorized to exercise corporate
trust powers.
Yes
Item 2. Affiliations with the Obligor.
If the obligor is an affiliate of the trustee,
describe each such affiliation.
The obligor is not an affiliate of the trustee.
Item 13. Defaults by the Obligor.
(a) State whether there is or has been a default with
respect to the securities under this indenture. Explain
the nature of any such default.
None
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(b) If the trustee is a trustee under another
indenture under which any other securities, or
certificates of interest or participation in any other
securities, of the obligors are outstanding, or is trustee
for more than one outstanding series of securities under
the indenture, state whether there has been a default
under any such indenture or series, identify the
indenture or series affected, and explain the nature of
any such default.
None
List of exhibits.
List below all exhibits filed as part of this statement
of eligibility.
*1. A copy of the Charter of IBJ Schroder Bank & Trust
Company as amended to date. (See Exhibit 1A to Form T-1,
Securities and Exchange Commission File No. 22-18460).
*2. A copy of the Certificate of Authority of the trustee to
Commence Business (Included in Exhibit 1 above).
*3. A copy of the Authorization of the trustee to exercise
corporate trust powers, as amended to date (See Exhibit
4 to Form T-1, Securities and Exchange Commission File
No. 22-19146).
*4. A copy of the existing By-Laws of the trustee, as
amended to date (See Exhibit 4 to Form T-1, Securities
and Exchange Commission File No. 22-19146).
5. Not Applicable
6. The consent of United States institutional
trustee required by Section 321(b) of the Act.
7. A copy of the latest report of condition of the
trustee published pursuant to law or the requirements
of its supervising or examining authority.
* The Exhibits thus designated are incorporated herein by reference as
exhibits hereto. Following the description of such Exhibits is a
reference to the copy of the Exhibit heretofore filed with the Securities
and Exchange Commission, to which there have been no amendments or
changes.
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NOTE
In answering any item in this Statement of Eligibility which
relates to matters peculiarly within the knowledge of the obligor
and its directors or officers, the trustee has relied upon
information furnished to it by the obligor.
Inasmuch as this Form T-1 is filed prior to the ascertainment by
the trustee of all facts on which to base responsive answers to
Item 2, the answer to said Item is based on incomplete information.
Item 2, may, however, be considered as correct unless amended by an
amendment to this Form T-1.
Pursuant to General Instruction B, the trustee has responded to
Items 1, 2 and 16 of this form since to the best knowledge of the
trustee as indicated in Item 13, the obligor is not in default
under any indenture under which the applicant is trustee.
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SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the
trustee, IBJ Schroder Bank & Trust Company, a corporation organized and
existing under the laws of the State of New York, has duly caused this
statement of eligibility to be signed on its behalf by the undersigned,
thereunto duly authorized, all in the City of New York, and State of New York,
on the 5th day of February, 1997.
IBJ SCHRODER BANK & TRUST COMPANY
By: /s/ James P. Freeman
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James P. Freeman
Assistant Vice President
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EXHIBIT 6
CONSENT OF TRUSTEE
Pursuant to the requirements of Section 321(b) of the Trust Indenture Act
of 1939, as amended, in connection with the issue by LDM Technologies, Inc. of
its 10 3/4% Senior Subordinated Notes due 2007,we hereby consent that reports
of examinations by Federal, State, Territorial, or District authorities may be
furnished by such authorities to the Securities and Exchange Commission upon
request therefor.
IBJ SCHRODER BANK & TRUST COMPANY
By: /s/James P. Freeman
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James P. Freeman
Assistant Vice President
Dated: February 5, 1997
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EXHIBIT 7
CONSOLIDATED REPORT OF CONDITION OF
IBJ SCHRODER BANK & TRUST COMPANY
OF NEW YORK, NEW YORK
AND FOREIGN AND DOMESTIC SUBSIDIARIES
REPORT AS OF SEPTEMBER 30, 1996
DOLLAR AMOUNTS
IN THOUSANDS
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ASSETS
Cash and balance due from depository institutions:
Noninterest-bearing balances and currency and coin ......................................................... $ 34,228
Interest-bearing balances .................................................................................. $ 229,175
Securities: Held-to-maturity securities .................................................................. $ 174,707
Available-for-sale securities ....................................................................... $ 36,168
Federal funds sold and securities purchased under
agreements to resell in domestic offices of the bank
and of its Edge and Agreement subsidiaries and in IBFs:
Federal Funds sold ......................................................................................... $ 15,062
Securities purchased under agreements to resell ............................................................ $ -0-
Loans and lease financing receivables:
Loans and leases, net of unearned income $ 1,780,278
LESS: Allowance for loan and lease losses $ 56,976
LESS: Allocated transfer risk reserve $ -0-
Loans and leases, net of unearned income, allowance, and reserve ........................................... $ 1,723,302
Trading assets held in trading accounts ..................................................................... $ 622
Premises and fixed assets (including capitalized leases) .................................................... $ 4,264
Other real estate owned ..................................................................................... $ 397
Investments in unconsolidated subsidiaries and associated companies ......................................... $ -0-
Customers' liability to this bank on acceptances outstanding ................................................ $ 105
Intangible assets ........................................................................................... $ -0-
Other assets ................................................................................................ $ 153,290
TOTAL ASSETS ................................................................................................ $ 2,371,320
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LIABILITIES
Deposits:
In domestic offices ............................................................................................$ 671,747
Noninterest-bearing ...............................................................$224,231
Interest-bearing ..................................................................$447,516
In foreign offices, Edge and Agreement subsidiaries, and IBFs ..................................................$ 856,540
Noninterest-bearing ...............................................................$ 17,313
Interest-bearing ..................................................................$839,227
Federal funds purchased and securities sold under
agreements to repurchase in domestic offices of the bank and
of its Edge and Agreement subsidiaries, and in IBFs:
Federal Funds purchased ......................................................................................$ 430,500
Securities sold under agreements to repurchase ...............................................................$ -0-
Demand notes issued to the U.S. Treasury .......................................................................$ 50,000
Trading Liabilities ............................................................................................$ 539
Other borrowed money:
a) With a remaining maturity of one year or less .............................................................$ 61,090
b) With a remaining maturity of more than one year ...........................................................$ 7,647
Mortgage indebtedness and obligations under capitalized leases .................................................$ -0-
Bank's liability on acceptances executed and outstanding .......................................................$ 105
Subordinated notes and debentures ..............................................................................$ -0-
Other liabilities ..............................................................................................$ 77,289
TOTAL LIABILITIES ..............................................................................................$ 2,155,457
Limited-life preferred stock and related surplus ...............................................................$ -0-
EQUITY CAPITAL
Perpetual preferred stock and related surplus ................................................................. $ -0-
Common stock .................................................................................................. $ 29,649
Surplus (exclude all surplus related to preferred stock) ...................................................... $ 217,008
Undivided profits and capital reserves ........................................................................ $ (30,795)
Net unrealized gains (losses) on available-for-sale securities ................................................ $ 1
Cumulative foreign currency translation adjustments ........................................................... $ -0-
TOTAL EQUITY CAPITAL .......................................................................................... $ 215,863
TOTAL LIABILITIES AND EQUITY CAPITAL .......................................................................... $2,371,320