Exhibit 25
Conformed Copy
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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)
HSBC Bank USA
(Exact name of trustee as specified in its charter)
New York 13-2774727
(Jurisdiction of incorporation (I.R.S. Employer
or organization if not a U.S. Identification No.)
national bank)
452 Fifth Avenue, New York, NY 10018-2706
(212) 525-5600 (Zip Code)
(Address of principal executive offices)
Warren L. Tischler, Senior Vice President
HSBC Bank USA
452 Fifth Avenue
New York, New York 10018-2706
Tel: (212) 525-1311
(Name, address and telephone number of agent for service)
DANKA BUSINESS SYSTEMS PLC*
(Exact name of obligor as specified in its charter)
England & Wales 98-0052869
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
11201 Danka Circle North Master House
St. Petersburg, Florida 33716 107 Hammersmith Road
(727) 576-6003 London W14 0QH England
(Address of principal executive offices) 011-44-207-605-0150
11% Senior Notes due 2010
Guarantees related to the 11% Senior Notes due 2010
(Title of Indenture Securities)
*TABLE OF ADDITIONAL REGISTRANTS
State or Other
Jurisdiction of I.R.S. Employer
Incorporation or Identification
Name, Address and Telephone Number Organization Number
- ----------------------------------------------- ------
Danka Holding Company Delaware 59-3498367
Danka Imaging Distribution, Inc. Delaware 59-3407349
Danka Office Imaging Company Delaware 59-3407614
Quality Business, Inc. Florida 65-0157034
Corporate Consulting Group, Inc. Florida 59-3094375
American Business Credit Corporation Florida 59-3066163
Danka Management II Company, Inc. Florida 59-3064013
Herman Enterprises, Inc. of South Florida Florida 65-0544682
Danka Management Company, Inc. Florida 59-3231899
D.I. Investment Management, Inc. Nevada 88-0310370
Danka Australasia Pty Limited Australia N/A
Danka Australia Pty Limited Australia N/A
Danka Tower Pty Ltd Australia N/A
Danka Distributors Pty Ltd Australia N/A
Danka Datakey Pty Ltd Australia N/A
Datakey Alcatel Pty. Ltd. Australia N/A
Danka Systems Pty Limited Australia N/A
Danka Business Finance Ltd. Canada N/A
Danka Canada Inc. Canada N/A
Kalmara Inc. Canada N/A
Danka UK Plc England N/A
Danka Services International Ltd. England N/A
Dankalux S.a r.l. Luxembourg N/A
* The address and telephone number of the principal executive offices of each
of the registrants listed above are the same as those of Danka Business
Systems PLC.
General
Item 1. General Information
Furnish the following information as to the trustee:
(a) Name and address of each examining or supervisory authority to
which it is subject.
State of New York Banking Department.
Federal Deposit Insurance Corporation, Washington, D.C.
Board of Governors of the Federal Reserve System, Washington,
D.C.
(b) Whether it is authorized to exercise corporate trust powers.
Yes.
Item 2. Affiliations with Obligor.
If the obligor is an affiliate of the trustee, describe each such
affiliation.
None
Item 16. List of Exhibits
Exhibit
T1A(i) (1) Copy of the Organization Certificate of HSBC Bank USA.
T1A(ii) (1) Certificate of the State of New York Banking Department dated
December 31, 1993 as to the authority of HSBC Bank USA to
commence business as amended effective on March 29, 1999.
T1A(iii) Not applicable.
T1A(iv) (3) Copy of the existing By-Laws of HSBC Bank USA as as amended
on April 11, 2002.
T1A(v) Not applicable.
T1A(vi) (2) Consent of HSBC Bank USA required by Section 321(b) of the
Trust Indenture Act of 1939.
T1A(vii) Copy of the latest report of condition of the trustee
(June 30, 2003), published pursuant to law or the requirement
of its supervisory or examining authority.
T1A(viii) Not applicable.
T1A(ix) Not applicable.
(1) Exhibits previously filed with the Securities and Exchange
Commission with registration No. 022-22429 and incorporated herein
by reference thereto.
(2) Exhibit previously filed with the Securities and Exchange
Commission with Registration No. 33-53693 and incorporated herein
by reference thereto.
(3) Exhibit previously filed with the Securities and Exchange
Commission with Registration No. 333-88532 and incorporated herein
by reference thereto.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee,
HSBC Bank USA, a banking corporation and trust company organized 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 13/th/ day of August, 2003.
HSBC BANK USA
By: /s/ Frank J. Godino
--------------------------
Frank J. Godino
Vice President
Exhibit T1A (vii)
Board of Governors of the Federal Reserve System
OMB Number: 7100-0036
Federal Deposit Insurance Corporation
OMB Number: 3064-0052
Office of the Comptroller of the Currency
OMB Number: 1557-0081
Federal Financial Institutions Examination Council Expires March 31, 2005
Please refer to page i,
Table of Contents, for
the required disclosure
of estimated burden.
Consolidated Reports of Condition and Income for
A Bank With Domestic and Foreign Offices--FFIEC 031
Report at the close of business June 30, 2003 (19980930)
(RCRI 9999)
This report is required by law; 12 U.S.C.ss.324 (State member This report form is to be filed by banks with branches and
banks); 12 U.S.C.ss.1817 (State nonmember banks); and 12 U.S.C. consolidated subsidiaries in U.S. territories and possessions,
ss.161 (National banks). Edge or Agreement subsidiaries, foreign branches, consolidated
foreign subsidiaries, or International Banking Facilities.
The Reports of Condition and Income are to be prepared in
NOTE: The Reports of Condition and Income must be signed accordance with Federal regulatory authority instructions.
by an authorized officer and the Report of Condition must be
attested to by not less than two directors (trustees) for State We, the undersigned directors (trustees), attest to the
nonmember banks and three directors for State member and correctness of this Report of Condition (including the
National Banks. supporting schedules) 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
I, Gerald A. Ronning, Executive VP & Controller appropriate Federal regulatory authority and is true and
Name and Title of Officer Authorized to Sign Report correct.
Of the named bank do hereby declare that these Reports of
Condition and Income (including the supporting schedules)
have been prepared in conformance with the instructions issued
by the appropriate Federal regulatory authority and are true to /s/ Youssef Nasr
the best of my knowledge and believe. Director (Trustee)
/s/ Bernard J. Kennedy
Director (Trustee)
/s/ Sal H. Alfieri
Director (Trustee)
/s/ Gerald A. Ronning
- ----------------------------------------------
Signature of Officer Authorized to Sign Report
8/13/03
- ----------------------------------------------
Date of Signature
Submission of Reports
Each Bank must prepare its Reports of Condition and Income For electronic filing assistance, contact EDS Call report
either: Services, 2150 N. Prospect Ave., Milwaukee, WI 53202,
telephone (800) 255-1571.
To fulfill the signature and attestation requirement for the
(a) in electronic form and then file the computer data Reports of Condition and Income for this report date, attach
file directly with the banking agencies' collection this signature page to the hard-copy f the completed report
agent, Electronic Data System Corporation (EDS), by modem that the bank places in its files.
or computer diskette; or
b) in hard-copy (paper) form and arrange for another party to convert the
paper report to automated for. That party (if other than EDS) must transmit
the bank's computer data file to EDS.
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FDIC Certificate Number 0 0 5 8 9
- ----------------------------------------------------
(RCRI 9030)
- ----------------------------------------------------
http://WWW.BANKING.US.HSBC.COM HSBC Bank USA
- --------------------------------------------------------------------- -------------------------------------------------------------
Primary Internet Web Address of Bank (Home Page), if any (TEXT 4087) Legal Title of Bank (TEXT 9010)
(Example: www.examplebank.com)
Buffalo
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City (TEXT 9130)
N.Y. 14203
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State Abbrev. (TEXT 9200) ZIP Code (TEXT 9220)
Board of Governors of the Federal Reserve System, Federal Deposit Insurance
Corporation, Office of the Comptroller of the Currency
REPORT OF CONDITION
Consolidated domestic subsidiaries
HSBC Bank USA of Buffalo
Name of Bank City
in the state of New York, at the close of business June 30, 2003
ASSETS
Thousands of dollars
Cash and balances due from depository institutions:
-------------------
a. Non-interest-bearing balances currency and coin $ 2,284,191
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b. Interest-bearing balances 1,199,703
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Held-to-maturity securities 4,412,298
- ---------------------------------------------------------------------------------------------
Available-for-sale securities 14,168,356
- ---------------------------------------------------------------------------------------------
Federal funds sold and securities purchased under agreements to resell:
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a. Federal funds sold in domestic offices 2,010,400
b. Securities purchased under agreements to resell 3,072,447
-------------------
Loans and lease financing receivables: -------------------
Loans and leases held for sale $ 2,622,990
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Loans and leases net of unearned income $ 40,538,768
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LESS: Allowance for loan and lease losses 475,654
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Loans and lease, net of unearned income, allowance, and reserve $ 40,063,114
- ---------------------------------------------------------------------------------------------
Trading assets 12,413,352
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Premises and fixed assets 679,609
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Other real estate owned 11,049
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Investments in unconsolidated subsidiaries 248,986
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Customers' liability to this bank on acceptances outstanding 90,957
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Intangible assets: Goodwill 2,211,273
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Intangible assets: Other intangible assets 421,771
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Other assets 4,490,484
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Total assets 90,400,980
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LIABILITIES
Deposits: -------------------
In domestic offices 41,418,151
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Non-interest-bearing 5,805,222
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Interest-bearing 35,612,929
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In foreign offices 19,669,485
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Non-interest-bearing 433,537
- --------------------------------------------------------------------------------
Interest-bearing 19,235,948
- ---------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------
Federal funds purchased and securities sold under agreements to repurchase:
- ------------------------------------------------------------------------------------------------------------------
a. Federal funds purchased in domestic offices 1,556,943
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b. Securities sold under agreements to repurchase 238,776
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Trading Liabilities 7,225,972
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Other borrowed money 4,682,056
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- ----------------------------------------------------------------
Bank's liability on acceptances 90,957
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Subordinated notes and debentures 1,549,160
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Other liabilities 6,383,123
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Total liabilities 82,814,623
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Minority Interests in consolidated Subsidiaries 521
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EQUITY CAPITAL
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Perpetual preferred stock and related surplus -
- ----------------------------------------------------------------
Common Stock 205,000
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Surplus 6,419,153
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Retained earnings 677,872
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Accumulated other comprehensive income 283,811
- ----------------------------------------------------------------
Other equity capital components -
- ----------------------------------------------------------------
Total equity capital 7,585,836
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Total liabilities, minority interests and equity capital 90,400,980
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