8-K 1 srz04-0329.txt CIT/EQUIPMENT STRATS - FORM 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): April 14, 2004 CIT Equipment Collateral 2002-VT1 (Exact Name of Registrant as Specified in its Charter) Delaware (State or other jurisdiction of incorporation) 000-49841 77-0298311 (Commission File Number) (IRS Employer Identification No.) c/o The Bank of New York Attn: Corporate Trust Department, CIT Equipment Collateral 2002-VT1 101 Barclay Street, Floor 12 East New York, New York 10286 (Address of principal executive offices and zip code) Registrants' telephone number, including area code: (212) 328-7538 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 EQUIPMENT COLLATERAL 2002-VT1 By: CIT FINANCIAL USA, INC., as Servicer By: /s/ Usama Ashraf ---------------------------- Name: Usama Ashraf Title: Vice President Dated: April 14, 2004 Exhibit 99.1 - Pool Data Report CIT EQUIPMENT COLLATERAL 2002-VT1 COMPOSITION OF CONTRACT POOL AT DECEMBER 31, 2003

CIT EQUIPMENT COLLATERAL 2002-VT1 GEOGRAPHICAL DISTRIBUTION (BASED ON OBLIGOR BILLING ADDRESS) AT DECEMBER 31, 2003

CIT EQUIPMENT COLLATERAL 2002-VT1 PAYMENT STATUS AT DECEMBER 31, 2003

EQUIPMENT TYPE AT DECEMBER 31, 2003

CIT EQUIPMENT COLLATERAL 2202-VT1 REQUIRED PAYOFF AMOUNT AT DECEMBER 31, 2003

REMAINING TERM AT DECEMBER 31, 2003

CIT EQUIPMENT COLLATERAL 2002-VT1 TYPES OF OBLIGOR AT DECEMBER 31, 2003

(1) Primarily: Engineering, Accounting and Research (17.0%); Business Services (12.4%); Automotive Repair, Services & Parts (12.1%); Miscellaneous Services Organizations (7.2%); and Legal Services (7.2%). (2) Includes $251,933 as the largest payoff amount relating to a single obligor. As shown in the table above, the servicer's records lists 5.03% of the total required payoff amount in the category of "Other" types of obligor. The servicer notes that the collateral securing approximately 4.27% of the required payoff amount represents small ticket computer equipment typically leased to small businesses. The remaining "Other" obligor category represents approximately 0.76% of the required payoff amount. The depositor has not analyzed this category to determine whether or not the contracts included in it could be grouped into some other more specific type of obligor category. OBLIGOR CONCENTRATION

CIT EQUIPMENT TRUST 2002-VT1 SCHEDULED PAYMENTS FROM THE CONTRACTS AT DECEMBER 31, 2003

CIT EQUIPMENT COLLATERAL 2002-VT1 8-K