8-K 1 srz9500385v1.txt CIT EC-EF 2001-A 8-K 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): September 12, 2003 CIT EC - EF 2001-A (Exact Name of Registrant as Specified in its Charter) Delaware (State or other jurisdiction of incorporation) 333-74847 22-3634034 (Commission File Number) (IRS Employer Identification No.) c/o Chase Manhattan Bank USA, National Association c/o JP Morgan Chase 500 Stanton Christiana Road, OPS4/3rd Floor Newark, Delaware 19713 (Address of principal executive offices and zip code) Registrants' telephone number, including area code: (302) 552-6287 N/A (Former name or former address, if changed since last report) Item 7. FINANCIAL STATEMENTS AND EXHIBITS. ---------------------------------- (c). Exhibits. The following are filed herewith. The exhibit numbers correspond with items 601(b) of Regulation S-K. EXHIBIT NO. DESCRIPTION ----------- ----------- 99.1 Pool Data Report SIGNATURE 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. CIT EC - EF 2001-A By: THE CIT GROUP/EQUIPMENT FINANCING, INC., as Servicer By: /s/ Barbara Callahan ----------------------------- Name: Barbara Callahan Title: Vice President Dated: September 12, 2003 Exhibit 99.1 - Pool Data Report CIT EQUIPMENT COLLATERAL - EF 2001-A COMPOSITION OF CONTRACT POOL AT JUNE 30, 2003

WEIGHTED WEIGHTED AVERAGE CURRENT AVERAGE AVERAGE REQUIRED NUMBER REQUIRED ORIGINAL REMAINING PAYOFF OF PAYOFF TERM TERM AMOUNT CONTRACTS AMOUNT (RANGE) (RANGE) (RANGE) --------- -------- -------- --------- -------- 98,~~247~~278 $~~568~~ 432,~~298~~491,~~073~~483 5960.65 months 3329.353 months $6152,~~458~~246 (1824 to 122 months) (0 to ~~104~~99 months) ($0 to $42,~~195~~551,~~582~~482) TYPE OF CONTRACT AT JUNE 30, 2003 % OF TOTAL % OF NUMBER NUMBER REQUIRED REQUIRED OF OF PAYOFF PAYOFF TYPE OF CONTRACT CONTRACTS CONTRACTS AMOUNT AMOUNT ---------------- --------- --------- ------ ------ Leases 3,322 40.13% $ 172,975,089 40.00% Loans and other financing arrangements 4,956 59.87 259,516,394 60.00 -------------------------------------------------------------------- Total 8,278 100.00% $ 432,491,483 100.00% ====================================================================

CIT EQUIPMENT COLLATERAL - EF 2001-A ANNUAL PERCENTAGE RATE AT JUNE 30, 2003

~~TYPE OF CONTRACT AT JANUARY 31, 2003~~ % OF TOTAL % OF WEIGHTED NUMBER NUMBER REQUIRED REQUIRED AVERAGE ANNUAL OF OF PAYOFF PAYOFF PERCENTAGE ANNUAL PERCENTAGE RATE CONTRACTS CONTRACTS AMOUNT AMOUNT RATE ---------------------- ---------- --------- ------ ------ ~~TYPE~~---- OFless ~~CONTRACT~~than ~~Leases~~8.001 ~~3,503~~137 371.8876% $~~215~~ 11,~~689~~959,~~690~~914 372.9587% ~~Loans~~7.17% ~~and~~8.001- ~~other~~8.500 ~~financing~~302 ~~arrangements~~3.88 520,~~744~~268,007 624.1287 ~~352~~8.30 8.501- 9.000 778 10.01 58,~~608~~830,~~383~~105 6214.0514 8.79 9.001- 9.500 1,011 13.00 68,220,704 16.40 9.28 9.501- 10.000 1,639 21.08 85,795,317 20.62 9.76 10.001- 10.500 1,615 20.77 72,336,244 17.39 10.23 10.501- 11.000 1,062 13.66 45,648,905 10.97 10.71 11.001- 11.500 388 4.99 17,899,284 4.30 11.22 11.501- 12.000 266 3.42 12,454,317 2.99 11.72 12.001- 12.500 187 2.40 7,792,375 1.87 12.24 12.501- 13.000 128 1.65 7,629,785 1.83 12.82 13.001- 13.500 91 1.17 3,190,078 0.77 13.16 13.501- 14.000 60 0.77 1,857,783 0.45 13.69 greater than 14.000 112 1.44 2,168,129 0.52 14.97 ------------ ---------- --------------- ---------- -------------~~-----~~ Total 97,~~247~~776 100.00% $~~568~~ 416,~~298~~050,~~073~~949 100.00% 9.89% ============ ========== =============== ========== ============= Unliquidated Defaulted Contracts 502 16,440,534 ------------ --------------- Total 8,278 $ 432,491,483 ============ ===============

CIT EQUIPMENT COLLATERAL - EF 2001-A GEOGRAPHICAL DIVERSITY (BASED ON OBLIGOR BILLING ADDRESS) AT JUNE 30, 2003

~~CIT EQUIPMENT TRUST 2001-A EF ANNUAL PERCENTAGE RATE AT JANUARY 31, 2003~~ % OF TOTAL % OF ~~WEIGHTED~~ NUMBER NUMBER REQUIRED REQUIRED ~~AVERAGE ANNUAL~~ OF OF PAYOFF PAYOFF ~~PERCENTAGE~~STATE ~~ANNUAL PERCENTAGE RATE~~ CONTRACTS CONTRACTS AMOUNT AMOUNT ~~RATE~~ -----~~-----------------~~ --------- --------- -------- -------- ~~--------------~~Alabama ~~less~~171 ~~than~~2.07% $ 8,462,254 1.~~001~~96% ~~140~~Alaska 48 0.58 2,357,060 0.54 Arizona 207 2.50 10,097,967 2.33 Arkansas 105 1.~~59%~~27 $5,338,154 1.23 California 1,231 14.87 60,~~993~~787,~~849~~460 214.~~71%~~06 Colorado 152 1.84 7,286,420 1.~~27%~~68 8Connecticut 116 1.~~001-~~40 86,088,662 1.~~500~~41 ~~333~~Delaware 334 0.7741 281,575,825 0.36 District of Columbia 5 0.06 234,632 0.05 Florida 495 5.98 25,052,~~183~~769 5.0879 8Georgia 289 3.3049 813,736,443 3.~~501-~~18 9Hawaii 16 0.~~000~~19 ~~858~~2,879,235 90.7267 Idaho 133 1.61 7,933,910 1.83 Illinois 246 2.97 10,~~710~~867,~~457~~160 152.1551 8Indiana 141 1.7970 98,008,819 1.~~001-~~85 9Iowa 33 0.~~500~~40 1,~~158~~596,660 130.1237 89Kansas 75 0.91 2,~~877~~681,~~501~~225 160.2662 9Kentucky 89 1.2708 98,137,233 1.~~501-~~88 10Louisiana 92 1.~~000~~11 5,143,484 1.19 Maine 65 0.79 3,~~895~~994,688 210.4792 ~~110~~Maryland 166 2.01 9,~~815~~031,~~476~~754 202.09 Massachusetts 151 1.82 8,844,752 2.05 9Michigan 258 3.7712 1012,410,360 2.~~001-~~87 10Minnesota 79 0.~~500~~95 14,~~850~~095,542 200.9695 96Mississippi 56 0.68 3,~~153~~023,~~550~~773 170.4070 10Missouri 99 1.2320 107,388,384 1.~~501-~~71 11Montana 41 0.~~000~~50 1,~~216~~349,735 130.7731 61Nebraska 28 0.34 2,~~164~~011,~~484~~994 110.0747 10Nevada 93 1.7112 114,719,059 1.~~001-~~09 11New Hampshire 48 0.~~500~~58 ~~445~~2,970,885 50.0469 22New Jersery 253 3.06 13,~~112~~726,~~916~~096 43.0017 11New Mexico 45 0.2254 111,729,936 0.~~501-~~40 12New York 537 6.~~000~~49 ~~294~~24,668,624 35.3370 16North Carolina 126 1.52 8,~~077~~800,~~826~~547 2.9103 11North Dakota 3 0.7204 12150,202 0.~~001-~~03 12Ohio 299 3.~~500~~61 ~~208~~13,647,290 3.16 Oklahoma 78 0.94 4,293,551 0.99 Oregon 212 2.3656 1012,~~309~~677,~~848~~193 12.93 Pennsylvania 403 4.87 1222,193,756 5.13 Rhode Island 25 120.~~501-~~30 132,026,985 0.~~000~~47 ~~140~~South 1Carolina 75 0.5991 63,~~658~~040,~~459~~405 10.2070 ~~12.73~~South 13Dakota 9 0.~~001-~~11 13566,117 0.~~500~~13 ~~103~~Tennessee 97 1.17 73,~~453~~955,~~614~~785 10.3591 13Texas 542 6.1055 1330,509,757 7.~~501-~~05 14Utah 175 2.~~000~~11 676,900,073 1.60 Vermont 36 0.7643 2,~~310~~300,~~047~~410 0.4253 13Virginia 171 2.7007 ~~greater~~8,367,146 ~~than~~1.93 Washington 302 3.65 14,175,379 3.~~000~~28 ~~121~~West 1Virginia 35 0.3742 25,~~901~~135,~~071~~410 1.19 Wisconsin 78 0.5294 5,194,200 1.20 Wyoming 15 0.0018 326,323 0.08 -------------------- ------------- --------------------- ---------------~~-------------------~~ Total 8,~~828~~278 100.00% $ ~~552~~432,~~591~~491,~~281~~483 100.00% ~~9.87%~~ ==================== ============= =====================~~==================================~~ ~~Unliquidated Defaulted Contracts 419 15,706,792 --------------- -------------------------- Total 9,247 $ 568,298,073~~ =============== ~~==========================~~

CIT EQUIPMENT COLLATERAL - EF 2001-A PAYMENT STATUS AT JUNE 30, 2003

~~CIT EQUIPMENT TRUST 2001-A EF GEOGRAPHICAL DIVERSITY (BASED ON OBLIGOR BILLING ADDRESS) AT JANUARY 31, 2003~~ % OF TOTAL % OF NUMBER NUMBER REQUIRED REQUIRED OF OF PAYOFF PAYOFF ~~STATE~~DAYS DELINQUENT CONTRACTS CONTRACTS AMOUNT AMOUNT --------------- --------- --------- ------ ------ ~~Alabama~~Current, ~~183~~including 1~~.98%~~ $to ~~10,443,856~~30 ~~1.84%~~day ~~Alaska~~delinquent 56contracts ~~0.61 3~~7,~~120,756~~208 092.5570% ~~Arizona~~$ ~~262 2.83 14~~384,~~196~~084,~~497~~969 292.5032% ~~Arkansas~~31-60 ~~116~~days ~~1.25~~delinquent ~~6,750,097~~294 13.1978 ~~California 1~~16,~~363 14.74 81~~931,~~317,430~~203 144.3107 ~~Colorado~~61-90 ~~175~~days ~~1.89~~delinquent ~~9,236,170~~127 1.63 ~~Connecticut 130 1.41 8~~6,~~153~~510,~~211~~375 1.4356 ~~Delaware~~91-120 35days ~~0.38~~delinquent ~~1,880,242~~73 0.3394 ~~District of Columbia 5 0.05 287~~4,~~361 0.05 Florida 541 5.85 33~~173,~~950,707~~226 51.9700 ~~Georgia~~121-150 ~~319~~days ~~3.45~~delinquent ~~18,439,934~~46 ~~3.24 Hawaii 17~~ 0.1859 32,~~461~~533,~~145~~855 0.61 ~~Idaho~~151-180 ~~144~~days ~~1.56~~delinquent ~~9,187,992~~28 10.6236 ~~Illinois 273 2.95 14,377,803 2.53 Indiana 155~~ 1~~.68 9~~,~~606~~817,~~080~~319 ~~1.69 Iowa 38~~ 0.4144 ~~2,453,898~~---------- ~~0.43~~---------- ~~Kansas~~--------------- 83--------- ~~0.90~~Total 37,~~645,062~~776 0100.6400% ~~Kentucky~~$ ~~96 1.04 10~~416,~~168~~050,~~485~~949 1100.7900% ~~Louisiana~~========== ~~104~~========== ~~1.12~~=============== ~~6,473,855~~========= ~~1.14~~Unliquidated ~~Maine~~Defaulted 70Contracts ~~0.76~~502 416,~~753~~440,~~015~~534 ~~0.84~~---------- ~~Maryland~~--------------- ~~180~~Total ~~1.95 11~~8,~~144,651~~278 ~~1.96~~$ ~~Massachusetts 163 1.76 11~~432,~~472~~491,~~753~~483 ~~2.02~~========== ~~Michigan~~=============== ~~279~~TYPES ~~3.02~~OF ~~15,354,850~~EQUIPMENT ~~2.70~~AT ~~Minnesota~~JUNE ~~87 0.94 4~~30,~~855,340~~ ~~0.85~~2003 ~~Mississippi~~% 63OF ~~0.68~~TOTAL ~~3,912,293~~% ~~0.69~~OF ~~Missouri~~NUMBER ~~104~~NUMBER ~~1.12~~REQUIRED ~~8,877,321~~REQUIRED ~~1.56~~OF ~~Montana~~OF 43PAYOFF ~~0.47~~PAYOFF ~~1,690,863~~TYPE ~~0.30~~OF ~~Nebraska~~EQUIPMENT 32CONTRACTS ~~0.35~~CONTRACTS ~~2,448,189~~AMOUNT ~~0.43~~AMOUNT ~~Nevada~~----------------- ~~111~~--------- ~~1.20~~--------- ~~7,280,030~~------ ~~1.28~~------ ~~New~~Construction ~~Hampshire 56 0.61~~ 3,~~580,454~~777 045.63% ~~New~~$ ~~Jersery 279 3.02 17~~186,~~137~~970,~~035~~392 343.0223% ~~New~~Manufacturing ~~Mexico 52 0.56 2~~1,~~160,841~~638 019.3879 ~~New York 603 6.52 37~~100,~~027~~298,~~006~~056 623.5219 ~~North~~Transportation ~~Carolina 146~~ 1~~.58 10~~,~~997,612~~390 ~~1.94 North Dakota 5 0.05 399,483 0.07 Ohio 313 3.38~~ 16~~,453,532 2~~.9079 ~~Oklahoma 86 0.93 5,601,937 0.99 Oregon 239 2.~~58 18,~~027~~115,~~600~~530 313.1744 ~~Pennsylvania~~Printing ~~463~~697 58.0142 2735,~~486~~042,~~694~~944 48.8410 ~~Rhode~~Other ~~Island~~(1) 26297 03.2859 222,~~346~~389,~~738~~391 05.4118 ~~South~~Medical ~~Carolina~~45 81 0.8854 49,~~067~~631,~~247~~131 02.7223 ~~South~~Logging ~~Dakota~~132 ~~11 0.12 673,453 0.12 Tennessee 109~~ 1.1859 ~~5,464,145 0.96 Texas 607~~ 6~~.56 39~~,~~144~~251,~~113~~843 ~~6.89 Utah 212 2.29 9,855,574~~ 1.7345 ~~Vermont~~Commercial/Retail 38Fixtures ~~0.41~~77 ~~2,782,879~~ 0.4993 ~~Virginia 188 2.03 11~~5,~~095~~219,~~594~~387 1.~~95 Washington 356 3.85~~ 21~~,210,589~~ ~~3.73~~Computers ~~West~~57 ~~Virginia 41~~ 0.4469 54,~~830~~415,~~236~~763 1.0302 ~~Wisconsin~~Fitness 90168 02.9703 74,~~246~~157,~~400~~047 ~~1.28 Wyoming 19~~ 0.2196 ~~769,026 0.14~~ ---------- ------------ ---------------- ---------~~-------------------------------------------~~ Total 98,~~247~~278 100.00% $ ~~568~~432,~~298~~491,~~073~~483 100.00% ========== ============ ================ =========~~===========================================~~ (1) Includes $1,506,498 as the largest and $75,385 as the average Required Payoff Amount

CIT EQUIPMENT COLLATERAL - EF 2001-A REQUIRED PAYOFF AMOUNT AT JUNE 30, 2003

~~CIT EQUIPMENT TRUST 2001-A EF PAYMENT STATUS AT JANUARY 31, 2003~~ % OF TOTAL % OF NUMBER NUMBER REQUIRED REQUIRED OF OF PAYOFF PAYOFF ~~DAYS~~REQUIRED ~~DELINQUENT~~PAYOFF AMOUNT CONTRACTS CONTRACTS AMOUNT AMOUNT ---------------------- --------- --------- -------- ------ 0 - 5,000.00 531 6.41% $ 1,351,136 0.31% 5,000.01 - ~~Current~~10,000.00 ~~including~~865 10.45 6,552,840 1.52 to10,000.01 30- ~~day~~15,000.00 ~~delinquent~~900 ~~contracts~~10.87 811,~~136~~226,000 922.60 15,000.01 - 25,000.00 1,370 16%.55 ~~$509~~27,~~788~~004,~~976~~485 926.24 25%,000.01 31-60 ~~days~~50,000.00 ~~delinquent~~2,197 ~~377 4~~26.2754 2279,~~278~~013,~~178~~590 418.0327 6150,000.01 -90 ~~days~~100,000.00 ~~delinquent~~1,486 ~~158~~17.95 1102,895,189 23.79 9100,~~116~~000.01 - 150,~~261~~000.00 1453 5.47 54,705,506 12.65 91150,000.01 -~~120~~ ~~days~~250,000.00 ~~delinquent~~277 823.35 52,540,509 12.15 250,000.01 - 500,000.00 149 1.80 49,776,153 11.51 500,000.01 - 1,000,000.00 32 0.9339 21,873,315 5.06 1,~~780~~000,~~766~~000.01 - 1,500,000.0500 ~~Over~~14 ~~120~~0.17 ~~days~~16,959,397 ~~delinquent~~3.92 751,500,000.01 - 2,500,000.00 3 0.8504 56,~~627~~041,~~098~~881 1.0240 Greater than 2,500,000.00 (1) 1 0.01 2,551,482 0.59 ---------- ----------- ---------------- ---------~~----------------------------~~ Total 8,~~828~~278 100.00% $~~552~~ 432,~~591~~491,~~281~~483 100.00% ========== =========== ================ =========~~============================~~ ~~Unliquidated~~(1) ~~Defaulted~~Includes ~~Contracts~~$2,551,482 ~~419~~as the largest Required Payoff Amount. REMAINING TERM AT JUNE 30, 2003 % OF TOTAL % OF NUMBER NUMBER REQUIRED REQUIRED OF OF PAYOFF PAYOFF REMAINING TERMS OF CONTRACTS CONTRACTS CONTRACTS AMOUNT AMOUNT ---------------------------- --------- --------- ------ ------ (MONTHS) Less than 12 942 12.11% $ 15,~~706~~593,~~792~~066 3.75% 12- 24 3,688 47.43 140,023,554 33.66 25- 36 2,507 32.24 166,439,413 40.00 37- 48 476 6.12 64,570,588 15.52 49- 60 143 1.84 24,561,553 5.90 61- 72 15 0.19 2,836,318 0.68 73- 84 2 0.03 1,003,375 0.24 85- 96 2 0.03 374,474 0.09 97-108 1 0.01 648,608 0.16 ---------- ----------- ---------------- --------- Total 97,~~247~~776 100.00% $~~568~~ 416,~~298~~050,~~073~~949 100.00% ========== =========== ================ ========= Unliquidated Defaulted Contracts 502 16,440,534 ---------- ---------------- Total 8,278 $ 432,491,483 ========== ================

CIT EQUIPMENT COLLATERAL - EF 2001-A TYPES OF OBLIGOR AT JUNE 30, 2003

~~TYPES OF EQUIPMENT AT JANUARY 31, 2003~~ % OF TOTAL % OF NUMBER NUMBER REQUIRED REQUIRED OF OF PAYOFF PAYOFF TYPE OF ~~EQUIPMENT~~OBLIGOR CONTRACTS CONTRACTS AMOUNT AMOUNT ----------------- ---------- --------- -------- ------~~---~~ Construction 43,~~306~~349 4640.5746% $~~251~~ 144,~~591~~879,~~174~~888 4433.2750% Manufacturing 1,~~761~~825 1922.0405 ~~126~~123,~~406~~327,~~928~~367 2228.2452 Transportation ~~1,620~~667 178.5206 7735,~~124~~486,~~688~~774 138.5721 Printing ~~719~~624 7.7854 4128,~~461~~669,~~959~~945 76.3063 ~~Other(1)~~Services ~~323~~562 36.4979 2827,~~282~~791,~~670~~379 46.9843 ~~Medical~~Retail 52& 0Wholesale Trade 449 5.5642 1124,~~147~~677,~~408~~580 15.9671 ~~Commercial~~Other(1) /384 ~~Retail Fixtures 85 0~~4.9264 1119,~~094~~881,~~977~~723 14.9560 ~~Logging~~Mining, ~~148~~Forestry, Fishing 150 1.6081 912,~~482~~601,~~012~~988 12.6791 ~~Computers~~Healthcare 6150 0.6660 58,~~943~~960,~~859~~262 12.0507 ~~Fitness~~Agriculture ~~172~~218 12.8663 56,~~762~~214,~~397~~577 1.0144 ---------- ----------- ---------------- ---------~~---------------------------~~ Total 98,~~247~~278 100.00% $~~568~~ 432,~~298~~491,~~073~~483 100.00% ========== =========== ================ =========~~===========================~~ (1) Includes $1718,~~667,264~~533 as the largest ~~and~~required payoff amount belonging to a single obligor OBLIGOR CONCENTRATION % OF NUMBER % OF TOTAL REQUIRED REQUIRED OBLIGORS (INCLUDING CONTRACTS SECURING OF NUMBER OF PAYOFF PAYOFF VENDOR LOANS ) CONTRACTS CONTRACTS AMOUNT AMOUNT ----------------- ---------- --------- ------ ------ Top 5 27 0.33% $87 15,~~562~~884,805 as3.67% The Top 5 obligors conduct business in the ~~average~~Manufacturing, ~~Required~~Healthcare ~~Payoff~~and ~~Amount~~Retail & Wholesale Trade industries.

CIT EQUIPMENT COLLATERAL - EF 2001-A SCHEDULED CASHFLOWS FROM CONTRACTS AT JUNE 30, 2003

~~CIT~~Positive ~~EQUIPMENT~~Rent ~~TRUST~~Due ~~2001-A~~8,621,184.44 EFAdj. ~~REQUIRED~~RPA ~~PAYOFF~~of ~~AMOUNT~~Unliquidated ATDefaulted ~~JANUARY~~Contracts 3116,440,534.24 ~~2003~~COLLECTION %SCHEDULED OFSCHEDULED ~~TOTAL~~COLLECTION %SCHEDULED OFSCHEDULED ~~NUMBER~~PERIOD ~~NUMBER~~INTEREST ~~REQUIRED~~PRINCIPAL ~~REQUIRED~~PERIOD OFINTEREST OFPRINCIPAL ~~PAYOFF PAYOFF REQUIRED PAYOFF AMOUNT CONTRACTS CONTRACTS AMOUNT AMOUNT~~ ------ -------- --------- ------~~---~~ --------- ------ --- July---2004 03,353,483.56 13,505,884.64 September-2008 532,~~000~~527.0056 ~~450~~504,855.04 4August-2004 3,241,374.~~87%~~96 $15,317,985.39 1October-2008 28,~~214~~503.31 508,~~817~~610.80 0September-2004 3,114,403.~~21%~~98 515,~~000~~268,251.0159 November-2008 1024,~~000~~460.0061 ~~764~~455,571.30 8October-2004 2,987,843.2686 515,~~809~~478,~~198~~158.83 1December-2008 20,847.0241 10329,~~000~~016.0132 November-2004 2,859,537.92 15,~~000~~225,053.0091 ~~824~~January-2009 818,274.9108 10272,~~263,433~~629.35 1December-2004 2,733,374.8137 15,~~000~~369,372.0170 February-2009 2516,~~000~~158.0056 1259,~~446~~997.22 15January-2005 2,606,049.6418 2814,~~498~~278,~~794~~671.86 5March-2009 14,150.0152 25387,~~000~~426.0153 February-2005 502,~~000~~487,533.00 214,~~500~~055,039.07 27April-2009 10,935.0488 90280,~~586,859~~115.26 15March-2005 2,370,796.9432 5014,~~000~~102,577.0112 May-2009 ~~100~~8,~~000~~792.0011 1143,~~927~~772.08 20April-2005 2,253,673.8437 ~~133~~14,~~851~~643,~~498~~516.58 23June-2009 7,664.5515 ~~100~~175,~~000~~948.0184 May-2005 ~~150~~2,~~000~~132,394.0089 ~~629~~14,853,501.28 July-2009 6,283.8081 7566,~~530~~379.25 June-2005 2,~~684~~009,999.41 1316,120,929.2990 ~~150~~August-2009 5,~~000~~727.0191 130,952.30 July-2005 ~~250~~1,~~000~~876,677.0004 ~~426~~14,804,804.19 September-2009 4,716.6154 8026,~~540~~422.55 August-2005 1,~~123~~754,103.62 14,305,183.1741 ~~250~~October-2009 4,~~000~~484.0164 26,654.45 September-2005 ~~500~~1,~~000~~636,191.0056 ~~204 2~~13,826,203.2147 November-2009 4,250.67 22,~~768~~023.91 October-2005 1,~~190~~522,041.45 1113,489,144.9257 ~~500~~December-2009 4,~~000~~058.0118 22,216.40 November-2005 1,~~000~~410,~~000~~605.0024 5412,673,728.29 0January-2010 3,863.5896 3722,~~553~~410.62 December-2005 1,~~671~~306,384.33 612,371,236.6157 1February-2010 3,~~000~~667.99 22,~~000~~606.0159 January-2006 1,~~500~~204,~~000~~810.0003 1610,874,926.33 0March-2010 3,470.1727 1922,~~655~~804.31 February-2006 1,~~180~~115,058.15 10,380,894.38 April-2010 3,270.4677 23,003.81 March-2006 1,~~500~~029,~~000~~320.0187 9,886,697.72 May-2010 23,~~500~~069.48 16,~~000~~686.0010 5April-2006 0947,675.0592 9,~~572~~696,~~145 1~~570.6815 June-2010 2,~~500~~926.13 13,~~000~~343.0073 May-2006 5867,~~000~~767.91 9,~~000~~249,911.00 ~~(1)~~July-2010 2,809.10 013,460.0276 7June-2006 791,~~453~~533.11 8,~~480~~882,213.43 1August-2010 2,690.3199 13,578.87 July-2006 718,322.94 8,424,415.10 September-2010 2,571.81 13,698.05 August-2006 649,098.01 8,169,150.35 October-2010 2,451.53 13,818.33 September-2006 582,139.61 7,267,430.27 November-2010 2,330.14 13,939.72 October-2006 522,718.30 6,539,817.17 December-2010 2,207.64 14,062.22 November-2006 469,390.56 5,893,760.64 January-2011 2,084.02 13,415.03 December-2006 421,381.90 5,266,667.52 February-2011 1,965.53 13,533.52 January-2007 378,736.35 4,402,182.57 March-2011 1,845.73 13,653.32 February-2007 343,280.38 3,979,945.68 April-2011 1,724.83 13,774.22 March-2007 311,335.33 5,522,779.44 May-2011 1,602.80 13,896.25 April-2007 267,159.65 3,693,045.56 June-2011 1,479.64 14,019.41 May-2007 237,746.39 3,640,182.55 July-2011 1,355.34 14,143.71 June-2007 208,032.32 3,086,129.80 August-2011 1,229.87 14,269.18 July-2007 183,560.88 2,650,749.42 September-2011 1,103.24 14,395.81 August-2007 162,463.22 2,780,928.13 October-2011 975.22 13,210.83 September-2007 140,606.34 1,609,317.25 November-2011 866.16 13,319.89 October-2007 127,529.43 1,543,245.94 December-2011 756.20 8,746.27 November-2007 115,019.89 1,307,974.12 January-2012 683.38 8,819.09 December-2007 104,425.98 1,923,165.70 February-2012 609.97 8,892.50 January-2008 89,518.17 1,029,448.78 March-2012 535.94 8,966.53 February-2008 81,135.98 925,668.79 April-2012 461.29 9,041.18 March-2008 73,597.78 1,001,541.94 May-2012 386.02 9,116.45 April-2008 65,416.17 858,990.82 June-2012 310.13 9,192.34 May-2008 58,436.40 1,252,423.97 July-~~---------------------------------------~~2012 ~~Total~~233.60 9,~~247 100~~268.~~00%~~87 $June-2008 ~~568~~48,~~298~~014.48 802,~~073~~150.57 ~~100~~August-2012 156.~~00%~~44 ~~=====================================================================================~~9,346.03 ~~(1)~~July-2008 ~~Includes~~41,659.82 $4583,~~195,582~~386.90 asSeptember-2012 ~~the~~78.63 ~~largest~~9,423.84 ~~Required~~August-2008 ~~Payoff~~36,997.59 ~~Amount~~556,800.88

REMAINING TERM AT JANUARY 31, 2003 % OF TOTAL % OF NUMBER NUMBER REQUIRED REQUIRED OF OF PAYOFF PAYOFF REMAINING TERMS OF CONTRACTS CONTRACTS CONTRACTS AMOUNT AMOUNT ---------------------------- --------- --------- -------- -------- (MONTHS) 0- 12 690 7.82% $ 9,582,853 1.73 13- 24 2,953 33.45 122,636,867 22.19 25- 36 3,543 40.13 220,857,060 39.97 37- 48 1,365 15.46 142,587,896 25.80 49- 60 194 2.20 38,179,123 6.91 61- 72 74 0.84 14,811,189 2.68 73- 84 5 0.06 2,542,974 0.46 85- 96 2 0.02 391,244 0.07 97-108 2 0.02 1,002,074 0.18 ------------------------------------------------------------------------------------- Total 8,828 100.00% $ 552,591,281 100.00% ===================================================================================== Unliquidated Defaulted Contracts 419 15,706,792 -------------------- ------------------------------- Total 9,247 $ 568,298,073 ==================== ===============================

CIT EQUIPMENT TRUST 2001-A EF TYPES OF OBLIGOR AT JANUARY 31, 2003 % OF TOTAL % OF NUMBER NUMBER REQUIRED REQUIRED OF OF PAYOFF PAYOFF TYPE OF OBLIGOR CONTRACTS CONTRACTS AMOUNT AMOUNT --------------- --------- --------- -------- -------- Construction 3,814 41.25% $198,096,542 34.86% Manufacturing 2,014 21.78 156,789,429 27.59 Transportation 763 8.25 47,891,985 8.43 Services 605 6.54 36,782,652 6.47 Printing 641 6.93 33,805,762 5.95 Retail & Wholesale Trade 497 5.37 33,416,266 5.88 Other(1) 433 4.68 26,658,240 4.69 Mining, Forestry, Fishing 182 1.97 16,047,408 2.82 Healthcare 56 0.61 10,636,338 1.87 Agriculture 242 2.62 8,173,450 1.44 ---------------------------------------------------------------------- Total 9,247 100.00% $568,298,073 100.00% ====================================================================== (1) Includes $811,145 as the largest required payoff amount belonging to a single obligor

OBLIGOR CONCENTRATION % OF NUMBER REQUIRED REQUIRED OBLIGORS (INCLUDING CONTRACTS SECURING OF PAYOFF PAYOFF VENDOR LOANS) CONTRACTS AMOUNT AMOUNT -------------------------------------- --------- -------- --------- Top 5 25 $19,384,284 3.41% The industries in which the top 5 obligors conduct business are Construction, Manufacturing, Retail and Wholesale Trade and Healthcare.

CIT EQUIPMENT TRUST 2001-A EF SCHEDULED CASHFLOWS FROM CONTRACTS AT JANUARY 31, 2003 Positive Rent Due 8,857,186.77 Adj. RPA of Unliquidated Defaulted Contracts 15,706,792.14 COLLECTION SCHEDULED SCHEDULED COLLECTION SCHEDULED SCHEDULED PERIOD INTEREST PRINCIPAL PERIOD INTEREST PRINCIPAL ----------- --------- --------- ---------- --------- --------- February-2003 4,469,303.10 13,507,072.53 July-2007 48,703.56 653,755.42 March-2003 4,357,316.19 15,698,215.17 August-2007 43,497.32 627,713.41 April-2003 4,227,209.54 16,714,776.58 September-2007 38,479.16 576,315.70 May-2003 4,089,045.50 17,093,223.68 October-2007 33,902.50 580,588.97 June-2003 3,947,998.49 17,855,336.76 November-2007 29,274.47 519,680.65 July-2003 3,800,582.03 17,568,678.72 December-2007 25,175.73 393,611.21 August-2003 3,655,333.72 17,374,859.49 January-2008 22,113.10 307,064.53 September-2003 3,511,574.15 17,349,937.47 February-2008 19,731.57 293,066.66 October-2003 3,368,016.36 17,541,988.91 March-2008 17,465.40 268,344.49 November-2003 3,222,877.01 17,301,725.34 April-2008 15,398.74 406,214.99 December-2003 3,079,796.46 17,409,104.29 May-2008 12,197.01 181,893.27 January-2004 2,935,854.72 16,116,903.14 June-2008 10,786.03 214,353.05 February-2004 2,802,334.83 15,869,281.77 July-2008 9,120.56 105,068.59 March-2004 2,670,827.03 15,912,654.48 August-2008 8,277.39 169,928.91 April-2004 2,538,943.64 16,746,563.72 September-2008 6,976.74 65,688.44 May-2004 2,400,723.26 16,792,513.18 October-2008 6,453.02 51,113.75 June-2004 2,262,580.52 18,537,319.98 November-2008 6,036.31 46,665.95 July-2004 2,109,926.24 16,684,276.65 December-2008 5,659.72 47,042.54 August-2004 1,972,085.00 16,056,019.96 January-2009 5,280.01 25,789.57 September-2004 1,839,908.59 15,499,412.16 February-2009 5,054.18 26,015.40 October-2004 1,712,155.61 15,138,415.20 March-2009 4,826.34 26,243.24 November-2004 1,587,313.68 14,281,920.88 April-2009 4,596.45 48,105.81 December-2004 1,470,070.13 13,930,243.76 May-2009 4,207.48 41,975.78 January-2005 1,355,863.25 12,219,420.29 June-2009 3,875.05 38,822.49 February-2005 1,255,264.20 11,670,311.81 July-2009 3,567.16 17,497.70 March-2005 1,159,129.72 11,173,448.98 August-2009 3,414.14 17,650.72 April-2005 1,067,115.36 11,050,446.74 September-2009 3,259.73 17,805.13 May-2005 976,276.99 10,407,615.25 October-2009 3,103.92 17,960.94 June-2005 890,659.22 10,002,321.11 November-2009 2,946.71 18,118.15 July-2005 808,391.55 9,457,319.45 December-2009 2,788.06 18,276.80 August-2005 730,785.63 9,126,688.57 January-2010 2,627.98 17,666.07 September-2005 656,148.78 8,150,306.53 February-2010 2,472.76 17,821.29 October-2005 589,642.52 7,386,861.97 March-2010 2,315.88 17,978.17 November-2005 529,549.89 6,776,259.60 April-2010 2,157.56 18,136.49 December-2005 474,422.19 5,944,199.59 May-2010 1,997.80 18,296.25 January-2006 426,375.71 5,004,452.50 June-2010 1,836.58 18,457.47 February-2006 386,189.73 4,556,322.67 July-2010 1,673.89 18,620.17 March-2006 349,727.51 6,102,524.43 August-2010 1,509.70 18,784.35 April-2006 301,023.44 4,242,742.64 September-2010 1,344.01 18,950.04 May-2006 267,308.83 3,995,056.33 October-2010 1,176.55 17,804.50 June-2006 234,938.46 3,817,499.91 November-2010 1,027.76 17,953.29 July-2006 204,808.56 2,924,689.10 December-2010 877.72 13,419.75 August-2006 181,616.36 3,007,644.41 January-2011 764.48 13,532.99 September-2006 158,011.41 1,861,149.17 February-2011 650.29 13,647.18 October-2006 143,000.50 1,704,617.10 March-2011 535.96 8,966.51 November-2006 129,240.71 1,491,504.54 April-2011 461.31 9,041.16 December-2006 117,253.50 2,104,366.03 May-2011 386.04 9,116.43 January-2007 100,990.00 1,171,837.35 June-2011 310.15 9,192.32 February-2007 91,538.02 1,083,327.93 July-2011 233.62 9,268.85 March-2007 82,815.75 1,058,346.65 August-2011 156.46 9,346.01 April-2007 74,180.95 937,881.40 September-2011 78.65 9,423.82 May-2007 66,587.60 1,327,049.92 October-2011 - - June-2007 55,585.43 869,865.95

Filing Compare · CIT EC EF 2001-A