10-K/A 1 file001.txt AMENDED FORM 10-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K/A [ X ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED] FOR THE FISCAL YEAR ENDED MARCH 31, 2003 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]31 FOR THE TRANSITION PERIOD FROM TO Commission file number 333-71022-02 HONDA AUTO RECEIVABLES 2002-2 OWNER TRUST ----------------------------------------- (Exact name of registrant as specified in its charter) -------------------------------------------------------------------------------- DELAWARE 04-6974317 -------------------------------------------------------------------------------- (State or other jurisdiction of (I.R.S Employer incorporation) Identification No.) -------------------------------------------------------------------------------- 700 VAN NESS AVENUE TORRANCE, CA 90501 -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) -------------------------------------------------------------------------------- Registrant's telephone number, including area code: (310) 781-6131 Securities registered pursuant to Section 12(b) of the Act: -------------------------------------------------------------------------- Title of each class Name of each exchange on which registered -------------------------------------------------------------------------- NONE NONE -------------------------------------------------------------------------- Securities registered pursuant to section 12(g) of the Act: NONE (Title of class) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. YES [X] NO [ ] Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not contained, to the best of registrant's knowledge, in definitive proxy or 'information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [ X ] PART I Item 1. Business The following tables set forth the number and aggregate principal amount of delinquent receivables, the delinquency rates, and aggregate net losses of the Honda Auto Receivables 2002-2 Owner Trust as of March 31, 2003 : 1. Delinquent Contracts: CONTRACTS AMOUNT ($000'S) --------- --------------- a. 31 - 60 Days Delinquent 2,265 27,743 b. 61 - 90 Days Delinquent 350 4,246 c. 91 Days or More Delinquent 52 552 2. Delinquent Ratio: AMOUNT ($000'S) --------------- a. Delinquent Balance 32,540 b. Total Pool Balance 1,221,912 c. Delinquency Ratio 2.66% 3. Aggregate Net Losses: AMOUNT ($000'S) --------------- a. Cumulative Net Losses 3,589 b. Original Portfolio 1,850,000 c. Aggregate Loss Ratio 0.19% Item 2. Properties The Honda Auto Receivables 2002-2 Owner Trust (the "Trust") is a Delaware business trust formed pursuant to the trust agreement (the "Agreement") between American Honda Receivables Corp., as Depositor (the "Depositor"), and Deutsche Bank Trust Company Delaware, as Owner Trustee. The Trust will issue four classes of notes and class of certificates ("Class A-1 Notes 1.95%", "Class A-2 Notes 2.91%", "Class A-3 Notes 3.83% ", "Class A-4 Notes 4.49%". The notes are backed by a pledge of the trust's assets. Interest and principal collections from trust assets will be divided among the various classes of securities in specified proportions. The Trust's assets include fixed rate motor vehicles retail installment sales contracts secured by new and used Honda and Acura motor vehicles (the "Receivables"). Item 3. Legal Proceedings N/A Item 4. Submission of Matters to a Vote of Securityholders N/A PART II Item 5. Market For Registrant's Common Equity and Related Stockholder Matters All holders of records of the Class A Certificates issued by Honda Auto Receivables 2002-2 Owner Trust (except for American Honda Receivables Corp.) are registered through the nominee of Cede. Item 6. Selected Financial Data N/A Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations N/A Item 8. Financial Statements and Supplementary Data N/A Item 9. Changes In and Disagreements with Accountants on Accounting and Financial Disclosure N/A PART III Item 10. Directors and Executive Officers of the Registrant N/A Item 11. Executive Compensation N/A Item 12. Security Ownership of Certain Beneficial Owners and Management N/A Item 13. Certain Relationships and Related Transactions N/A PART IV Item14. Exhibits, Annual Account's Report, and Reports on Form 8-K. (a) Exhibits The exhibits listed on the accompanying Exhibit Index are filed as part of this report. (b) Reports FORM 8K REPORTS DATE ------- ---- The month of May. 2002 (Jun. 17, 2002) The month of Jun. 2002 (Jul. 15, 2002) The month of Jul. 2002 (Aug. 15, 2002) The month of Aug. 2002 (Sept. 16, 2002) The month of Sept. 2002 (Oct. 15, 2002) The month of Oct. 2002 (Nov.15, 2002) The month of Nov. 2002 (Dec.16, 2002) The month of Dec. 2002 (Jan.15, 2003) The month of Jan. 2003 (Feb.18, 2003) The month of Feb. 2003 (Mar.17, 2003) The month of Mar. 2003 (Apr.15, 2003) SIGNATURES ---------- Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. American Honda Receivables Corp. By: /s/ Y. Takahashi ---------------------------- Name: Y. Takahashi Title: President October 4, 2003 CERTIFICATION I, John I. Weisickle, certify that: 1. I have reviewed this annual report on Form 10-K, and all reports on Form 8-K containing distribution or servicing reports filed in respect of periods included in the year covered by this annual report, of Honda Auto Receivables 2002-2 Owner Trust; 2. Based on my knowledge, the information in these reports, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading as of the last day of the period covered by this annual report; 3. Based on my knowledge, the distribution or servicing information required to be provided to the trustee by the servicer under the pooling and servicing, or similar, agreement, for inclusion in these reports is included in these reports; 4. I am responsible for reviewing the activities performed by the servicer under the pooling and servicing, or similar, agreement and based upon my knowledge and the annual compliance review required under that agreement, and except as disclosed in the reports, the servicer has fulfilled its obligations under that agreement; 5. The reports disclose all significant deficiencies relating to the servicer's compliance with the minimum servicing standards based upon the report provided by an independent public accountant, after conducting a review in compliance with the Uniform Single Attestation Program for Mortgage Bankers or similar procedure, as set forth in the pooling and servicing, or similar, agreement, that is included in these reports. Date: September 30, 2003 /s/ John I. Weisickle --------------------- John I. Weisickle Vice President, Assistant Secretary of American Honda Finance Corporation as Servicer EXHIBIT INDEX EXHIBIT NUMBER DESCRIPTION METHOD OF FILING -------------- ----------- ---------------- 99(a) Independent Accountants' Report Filed herewith. 99(b) Annual Compliance Certificate Filed herewith. 99(c) Annual Statement Filed herewith.