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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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BNY MIDWEST TRUST COMPANY
(formerly known as CTC Illinois Trust Company)
(Exact name of trustee as specified in its charter)
Illinois 36-3800435
(State of incorporation (I.R.S. employer
if not a U.S. national bank) identification no.)
2 North LaSalle Street
Suite 1020
Chicago, Illinois 60602
(Address of principal executive offices) (Zip code)
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COLLINS & AIKMAN PRODUCTS CO.
(Exact name of obligor as specified in its charter)
Delaware 13-0588710
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
Table of Additional Registrants
Collins & Aikman Accessory Mats, Inc. Delaware 34-1532472
Akro Mats, LLC Delaware *
Collins & Aikman Automotive Mats, LLC Delaware *
Collins & Aikman Asset Services, Inc. Delaware 95-4225459
Collins & Aikman Automotive International, Inc. Delaware 13-3376151
Collins & Aikman Carpet & Acoustics (MI), Inc. Delaware 38-2831561
Collins & Aikman Carpet & Acoustics (TN), Inc. Tennessee 62-1301605
Collins & Aikman International Corporation Delaware 95-3416790
Collins & Aikman Europe, Inc. Delaware 88-0383716
Collins & Aikman Plastics, Inc. Delaware 34-1376202
Collins & Aikman Properties, Inc. Delaware 95-3416796
Comet Acoustics, Inc. Delaware 56-2225192
Dura Convertible Systems, Inc. Delaware 95-4094096
Amco Convertible Fabrics, Inc. Delaware 38-3254156
Gamble Development Company Minnesota 41-0949764
Grefab, Inc. New York 13-2598997
JPS Automotive, Inc. Delaware 56-2001613
Wickes Asset Management Inc. Delaware 95-4030704
Wickes Manufacturing Company Delaware 95-4001211
Collins & Aikman Interiors, Inc. Delaware 56-2270167
Collins & Aikman Development Company Delaware 56-2270173
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Becker Group, L.L.C. Michigan 38-3451471
Brut Plastics, Inc. Michigan 38-2959954
Collins & Aikman Advanced Processes, Inc. Delaware 56-2270171
Collins & Aikman Canada Domestic Holding Company Delaware 56-2270169
Collins & Aikman Fabrics, Inc. Delaware 38-3024579
M & C Advanced Processes, Inc. Michigan 38-3172585
Textron Automotive Exteriors Inc. Delaware 05-0471352
Textron Automotive Interiors Inc. Delaware 02-0265330
Textron Automotive (Asia) Inc. Delaware 05-0505045
Textron Automotive (Argentina) Inc. Delaware 06-1470649
Textron Automotive Overseas Investment Inc. Delaware 02-0435027
Textron Automotive International Services Inc. Delaware 05-0447633
Textron Properties Inc. Delaware 05-0425768
5755 New King Court
Troy, Michigan 48098
(Address of principal executive offices) (Zip code)
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10-3/4% Senior Notes due 2011
(Title of the indenture securities)
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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.
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Name Address
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Office of Banks & Trust Companies 500 E. Monroe Street
of the State of of Illinois Springfield, Illinois 62701-1532
Federal Reserve Bank of Chicago 230 S. LaSalle Street
Chicago, Illinois 60603
(b) Whether it is authorized to exercise corporate trust powers.
Yes.
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 Articles of Incorporation of BNY Midwest Trust Company
(formerly CTC Illinois Trust Company, formerly Continental Trust
Company) as now in effect. (Exhibit 1 to Form T-1 filed with the
Registration Statement No. 333-47688.)
2,3. A copy of the Certificate of Authority of the Trustee as now in
effect, which contains the authority to commence business and a grant
of powers to exercise corporate trust powers. (Exhibit 2 to Form T-1
filed with the Registration Statement No. 333-47688.)
4. A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1
filed with the Registration Statement No. 333-47688.)
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6. The consent of the Trustee required by Section 321(b) of the Act.
(Exhibit 6 to Form T-1 filed with the Registration Statement No.
333-47688.)
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.
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SIGNATURE
Pursuant to the requirements of the Act, the Trustee, BNY Midwest Trust
Company, a corporation organized and existing under the laws of the State of
Illinois, has duly caused this statement of eligibility to be signed on its
behalf by the undersigned, thereunto duly authorized, all in The City of
Chicago, and State of Illinois, on the 15th day of April, 2002.
BNY Midwest Trust Company
By: /S/ R. ELLWANGER
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Name: R. ELLWANGER
Title: ASSISTANT VICE PRESIDENT
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OFFICE OF BANKS AND REAL ESTATE
Bureau of Banks and Trust Companies
CONSOLIDATED REPORT OF CONDITION
OF
BNY Midwest Trust Company
209 West Jackson Boulevard
Suite 700
Chicago, Illinois 60606
Including the institution's domestic and foreign subsidiaries completed as of
the close of business on December 31, 2001, submitted in response to the call of
the Office of Banks and Real Estate of the State of Illinois.
ASSETS Thousands of Dollars
1. Cash and Due from Depository Institutions...................... 11,694
2. U.S. Treasury Securities....................................... - 0 -
3. Obligations of States and Political Subdivisions............... - 0 -
4. Other Bonds, Notes and Debentures.............................. - 0 -
5. Corporate Stock................................................ - 0 -
6. Trust Company Premises, Furniture, Fixtures and Other 363
Assets Representing Trust Company Premises..............
7. Leases and Lease Financing Receivables.................. - 0 -
8. Accounts Receivable..................................... 4,004
9. Other Assets............................................
(Itemize amounts greater than 15% of Line 9) 86,882
Intangible Asset - Goodwill ..............86,813
10. TOTAL ASSETS............................................ 102,943
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OFFICE OF BANKS AND REAL ESTATE
Bureau of Banks and Trust Companies
CONSOLIDATED REPORT OF CONDITION
OF
BNY Midwest Trust Company
209 West Jackson Boulevard
Suite 700
Chicago, Illinois 60606
LIABILITIES Thousands of Dollars
11. Accounts Payable............................................... - 0 -
12. Taxes Payable.................................................. - 0 -
13. Other Liabilities for Borrowed Money........................... 25,425
14. Other Liabilities..............................................
(Itemize amounts greater than 15% of Line 14) 6,156
Reserve for Taxes..........................3,128
Taxes due to Parent Company................1,923
Accrued Expenses...........................1,058
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15. TOTAL LIABILITIES 31,581
EQUITY CAPITAL
16. Preferred Stock........................................... - 0 -
17. Common Stock.............................................. 2,000
18. Surplus................................................... 62,130
19. Reserve for Operating Expenses............................. - 0 -
20. Retained Earnings (Loss)................................... 7,232
21. TOTAL EQUITY CAPITAL....................................... 71,362
22. TOTAL LIABILITIES AND EQUITY CAPITAL....................... 102,943
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I, Robert L. De Paola, Vice President
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(Name and Title of Officer Authorized to Sign Report)
of BNY Midwest Trust Company certify that the information contained in this
statement is accurate to the best of my knowledge and belief. I understand that
submission of false information with the intention to deceive the Commissioner
or his Administrative officers is a felony.
Robert L. DePaola
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(Signature of Officer Authorized to Sign Report)
Sworn to and subscribed before me is 13th day of February , 2002. My Commission
expires May 15, 2003.
Joseph A. Giacobino, Notary Public
(Notary Seal)
Person to whom Supervisory Staff should direct questions concerning this report.
Christine Anderson (212) 503-4204
Name Telephone Number (Extension)
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