EXHIBIT 25.1
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FORM T-1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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THE BANK OF NEW YORK TRUST COMPANY, N.A.
(Exact name of trustee as specified in its charter)
95-3571558
(State of incorporation (I.R.S. employer
if not a U.S. national bank) identification no.)
700 S. FLOWER STREET, 2ND FLOOR
LOS ANGELES, CALIFORNIA 90017-4104
(Address of principal executive offices) (Zip code)
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THE BANK OF NEW YORK TRUST COMPANY, N.A.
100 ASHFORD CENTER NORTH, SUITE 520
ATLANTA, GA 30338
ATTN: STEFAN VICTORY
(770) 698-5184
(Name, address, and telephone number of agent for service)
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NOVELIS INC. (1)
(Exact name of obligor as specified in its charter)
CANADA 98-0442987
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
3399 PEACHTREE ROAD, NE, SUITE 1500
ATLANTA, GEORGIA 30326
(Address of principal executive offices) (Zip code)
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SENIOR NOTES DUE 2015
(Title of the indenture securities)
(1) See Table 1 - List of Additional Obligors
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TABLE 1
<Table>
<Caption>
STATE OF PRIMARY STANDARD IRS EMPLOYER
INCORPORATION OR INDUSTRIAL CLASSIFICATION IDENTIFICATION
GUARANTOR* FORMATION NUMBER NUMBER
- ---------------------------------- ------------------------ ------------------------------ -------------------------
Novelis Corporation Texas 3350 41-2098321
Eurofoil Inc. (USA) New York 3350 13-3783544
Novelis PAE Corporation Delaware 3350 36-4266108
Novelis Cast House Technology Ltd. Canada 3350 Not Applicable
4260848 Canada, Inc. Canada 3350 Not Applicable
4260856 Canada, Inc. Canada 3350 Not Applicable
Novelis Europe Holdings Ltd. United Kingdom 3350 Not Applicable
Novelis UK Ltd. United Kingdom 3350 Not Applicable
Novelis do Brasil Ltda. Brazil 3350 Not Applicable
Novelis AG Switzerland 3350 Not Applicable
Novelis Switzerland S.A. Switzerland 3350 Not Applicable
Novelis Technology AG Switzerland 3350 Not Applicable
Novelis Aluminium Holding Company Ireland 3350 Not Applicable
Novelis Deutschland GmbH Germany 3350 Not Applicable
</Table>
* Address and telephone number of principal executive offices are the same
as those of Novelis Inc.
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.
<Table>
<Caption>
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NAME ADDRESS
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COMPTROLLER OF THE CURRENCY WASHINGTON, D.C. 20219
UNITED STATES DEPARTMENT OF THE TREASURY
FEDERAL RESERVE BANK ATLANTA, GEORGIA 30309
FEDERAL DEPOSIT INSURANCE CORPORATION WASHINGTON, D.C. 20429
</Table>
(b) Whether it is authorized to exercise corporate trust powers.
YES.
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2. Affiliations with Obligor.
If the obligor is an affiliate of the trustee, describe each such
affiliation.
NONE.
16. List of Exhibits.
Exhibits identified in parentheses below, on file with the Commission,
are incorporated herein by reference as an exhibit hereto, pursuant to
Rule 7a-29 under the Trust Indenture Act of 1939 (the "Act") and 17
C.F.R. 229.10(d).
1. A copy of the articles of association of The Bank of New York
Trust Company, N.A. (Exhibit 1 to Form T-1 filed with
Registration Statement No. 333-122050).
2. A copy of certificate of authority of the trustee to commence
business. (Exhibit 2 to Form T-1 filed with Registration
Statement No. 333-122050).
3. A copy of the authorization of the trustee to exercise
corporate trust powers. (Exhibit 3 to Form T-1 filed with
Registration Statement No. 333-122050).
4. A copy of the existing by-laws of the trustee. (Exhibit 4 to
Form T-1 filed with Registration Statement No. 333-122050).
6. The consent of the 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 to the requirements of its
supervising or examining authority.
[Remainder of Page Intentionally Left Blank]
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SIGNATURE
Pursuant to the requirements of the Act, the trustee, The Bank of New
York Trust Company, N.A., a corporation organized and existing under the laws of
the United States of America, has duly caused this statement of eligibility to
be signed on its behalf by the undersigned, thereunto duly authorized, all in
the City of Atlanta, and State of Georgia, on the 29th day of July, 2005.
THE BANK OF NEW YORK
TRUST COMPANY, N.A.
By: /s/ Stefan Victory
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Name: Stefan Victory
Title: Vice President
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EXHIBIT 6
CONSENT OF THE TRUSTEE
Pursuant to the requirements of Section 321 (b) of the Trust Indenture Act of
1939, The Bank of New York Trust Company, N.A., hereby consents 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.
THE BANK OF NEW YORK
TRUST COMPANY, N.A.
By: /s/ Stefan Victory
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Name: Stefan Victory
Title: Vice President
Atlanta, Georgia
July 29th, 2005
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EXHIBIT 7
Consolidated Report of Condition of
THE BANK OF NEW YORK TRUST COMPANY, N.A.
of 700 S. Flower Street, 2nd Floor, Los Angeles, CA 90017
At the close of business March 31, 2005, published in accordance with
Federal regulatory authority instructions.
<Table>
<Caption>
Dollar Amounts
in Thousands
ASSETS
Cash and balances due from depository institutions:
Noninterest-bearing balances and currency and coin ......................... 9,100
Interest-bearing balances .................................................. 0
Securities:
Held-to-maturity securities ................................................ 75
Available-for-sale securities .............................................. 57,298
Federal funds sold and securities purchased under agreements to resell:
Federal funds sold ......................................................... 19,000
Securities purchased under agreements to resell ............................ 95,000
Loans and lease financing receivables:
Loans and leases held for sale ............................................. 0
Loans and leases, net of unearned income ................................... 0
LESS: Allowance for loan and lease losses .................................. 0
Loans and leases, net of unearned income and allowance ..................... 0
Trading assets ...................................................................... 0
Premises and fixed assets (including capitalized leases) ............................ 3,876
Other real estate owned ............................................................. 0
Investments in unconsolidated subsidiaries and associated companies ................. 0
Customers' liability to this bank on acceptances outstanding ........................ 0
Intangible assets:
Goodwill ...................................................................... 240,005
Other Intangible Assets ....................................................... 17,839
Other assets ........................................................................ 34,344
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Total assets ........................................................................ $ 476,537
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</Table>
<Table>
LIABILITIES
Deposits:
In domestic offices
Noninterest-bearing ........................................................ 7,502
Interest-bearing ........................................................... 0
Not applicable
Federal funds purchased and securities sold under agreements to repurchase:
Federal funds purchased .................................................... 0
Securities sold under agreements to repurchase ............................. 0
Trading liabilities ................................................................. 0
Other borrowed money:
(includes mortgage indebtedness and obligations under capitalized leases) .. 58,000
Not applicable
Bank's liability on acceptances executed and outstanding ............................ 0
Subordinated notes and debentures ................................................... 0
Other liabilities ................................................................... 51,452
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Total liabilities ................................................................... $ 116,954
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Minority interest in consolidated subsidiaries ...................................... 0
EQUITY CAPITAL
Perpetual preferred stock and related surplus ....................................... 0
Common stock ........................................................................ 1,000
Surplus ............................................................................. 294,125
Retained earnings ................................................................... 64,622
Accumulated other comprehensive income .............................................. (164)
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Other equity capital components ..................................................... 0
Total equity capital ................................................................ $ 359,583
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Total liabilities, minority interest, and equity capital ............................ $ 476,537
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</Table>
I, Thomas J. Mastro, Comptroller of the above-named bank do hereby
declare that this Report of Condition has been prepared in conformance with the
instructions issued by the appropriate Federal regulatory authority and is true
to the best of my knowledge and belief.
Thomas J. Mastro ) Comptroller
We, the undersigned directors, attest to the correctness of this Report
of Condition and declare that it has been examined by us and to the best of our
knowledge and belief has been prepared in conformance with the instructions
issued by the appropriate Federal regulatory authority and is true and correct.
Richard G. Jackson )
Nicholas C. English ) Directors
Karen B. Shupenko )
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