-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OnKN2cAbbZReprQxfGA/0S1V8jdp9bB0kKLnkNKssvF6IQ9w5uAXV+nSDmsLPpLj kb9Y4xsQuCwT8/iZYuNcww== 0001056404-04-002616.txt : 20040820 0001056404-04-002616.hdr.sgml : 20040820 20040820094901 ACCESSION NUMBER: 0001056404-04-002616 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040819 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040820 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GS AUTO LOAN TRUST 2004-1 CENTRAL INDEX KEY: 0001279291 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-101904-02 FILM NUMBER: 04987700 MAIL ADDRESS: STREET 1: 85 BROAD STREET CITY: NEW YORK STATE: NY ZIP: 10004 8-K 1 gsalt041_aug.txt AUGUST 8K UNITED STATES 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): August 15, 2004 GS AUTO LOAN TRUST 2004-1 ------------------------------------------------------------ (Exact name of registrant as specified in its charter) New York 333-101904-02 51-6548509 - -------------------------------------------------------------------- (governing law of (Commission (IRS EIN) Sales and Servicing Agreement) File Number) (State or other jurisdiction of Incorporation) Wells Fargo Bank, N.A. 6th Street and Marquette Avenue Minneapolis, MN 55479 - -------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (612) 667-8058 (Former name or former address, if changed since last report) ITEM 5. Other Events On August 15, 2004 a distribution was made to holders of GS AUTO LOAN TRUST 2004-1 ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of GS Auto Loan Trust 2004-1 relating to the August 15, 2004 distribution 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. GS AUTO LOAN TRUST 2004-1 By: Wells Fargo Bank, NA as Trustee By: /s/ Edna Barber, Assistant Vice President By: Edna Barber, Assistant Vice President Date: 8/19/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of GS AUTO LOAN TRUST 2004-1, relating to the August 15, 2004 distribution EX-99.1
GS AUTO LOAN TRUST 2004-1 Record Date: 8/14/04 Distribution Date: 8/15/04 GS AUTO LOAN TRUST 2004-1 Contact: Wells Fargo Bank, N.A. 6th Street and Marquette Avenue Minneapolis, MN 55479 Telephone: (612) 667-8058 Fax: (612) 667-3529 Distribution Summary DISTRIBUTION IN DOLLARS ORIGINAL BEGINNING ENDING FACE PRINCIPAL UNPAID UNPAID PRINCIPAL CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL PRINCIPAL INTEREST BALANCE A-1 336,137,000.00 110,478,762.46 43,896,401.96 109,005.71 44,005,407.67 0.00 0.00 66,582,360.50 A-2 297,914,000.00 297,914,000.00 0.00 372,392.50 372,392.50 0.00 0.00 297,914,000.00 A-3 314,944,000.00 314,944,000.00 0.00 559,025.60 559,025.60 0.00 0.00 314,944,000.00 A-4 224,081,000.00 224,081,000.00 0.00 494,845.54 494,845.54 0.00 0.00 224,081,000.00 B 56,587,000.00 56,587,000.00 0.00 101,385.04 101,385.04 0.00 0.00 56,587,000.00 C 26,704,000.00 26,704,000.00 0.00 59,638.93 59,638.93 0.00 0.00 26,704,000.00 D 29,248,000.00 29,248,000.00 0.00 121,866.67 121,866.67 0.00 0.00 29,248,000.00 Cert 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE BEGINNING ENDING Interest CLASS CUSIP PRINCIPAL PRINCIPAL INTEREST TOTAL PRINCIPAL Class Rate A-1 36292RAJ10 328.67182864 130.59080661 0.32428954 130.91509615 198.08102203 A-1 1.11% A-2 36292RAK7 1,000.00000000 0.00000000 1.25000000 1.25000000 1,000.00000000 A-2 1.50% A-3 36292RAL5 1,000.00000000 0.00000000 1.77500000 1.77500000 1,000.00000000 A-3 2.13% A-4 36292RAM3 1,000.00000000 0.00000000 2.20833333 2.20833333 1,000.00000000 A-4 2.65% B 36292RAN1 1,000.00000000 0.00000000 1.79166667 1.79166667 1,000.00000000 B 2.15% C 36292RAP6 1,000.00000000 0.00000000 2.23333333 2.23333333 1,000.00000000 C 2.68% D 36292RAQ4 1,000.00000000 0.00000000 4.16666667 4.16666667 1,000.00000000 D 5.00% Collections received with respect to the receivables Payments Collected Attributed to Principal $22,704,252.05 Accounts Paid in Full 17,702,571.16 Liquidated Receivables (including Cram-downs) 587,594.06 Repurchased Receivables 87,979.61 Available Principal 41,082,396.88 Payments Collected Attributed to Interest 5,827,094.99 Total Available Funds 46,909,491.87 Other Pool Balance Reductions Small Balance write offs 663.32 Other Principal Reductions 0.00 Principal Allocations Regular Principal Allocation 32,294,949.45 Regular Principal Allocation per $1,000 original principal balance 2 5.12023386 First Allocation of Principal 0.00 First Allocation of Principal per $1,000 original principal balance 0.00000000 Second Allocation of Principal 0.00 Second Allocation of Principal per $1,000 original principal balance 0.00000000 Third Allocation of Principal 11,601,452.51 Third Allocation of Principal per $1,000 original principal balance 9.02404881 Pool Balance and Pool Factor Beginning Pool Balance 1,061,074,021.64 Beginning Pool Factor 0.834421640 Ending Pool Balance 1,019,107,309.95 Ending Pool Factor 0.801419294 Principal Payment Amounts Class A-1 Principal Payment Amount 43,896,401.96 increase / (decrease) in Class A-1 unpaid principal 0.00 Class A-1 previously due and unpaid principal 0.00 Class A-2 Principal Payment Amount 0.00 increase / (decrease) in Class A-2 unpaid principal 0.00 Class A-2 previously due and unpaid principal 0.00 Class A-3 Principal Payment Amount 0.00 increase / (decrease) in Class A-3 unpaid principal 0.00 Class A-3 previously due and unpaid principal 0.00 Class A-4 Principal Payment Amount 0.00 increase / (decrease) in Class A-4 unpaid principal 0.00 Class A-4 previously due and unpaid principal 0.00 Class B Principal Payment Amount 0.00 increase / (decrease) in Class B unpaid principal 0.00 Class B previously due and unpaid principal 0.00 Class C Principal Payment Amount 0.00 increase / (decrease) in Class C unpaid principal 0.00 Class C previously due and unpaid principal 0.00 Class D Principal Payment Amount 0.00 increase / (decrease) in Class D unpaid principal 0.00 Class D previously due and unpaid principal 0.00 Certificate Distribution Amount 0.00 Interest Payment Amounts Class A-1 Interest Payment Amount 109,005.71 increase / (decrease) in Class A-1 unpaid interest 0.00 Class A-1 previously due and unpaid interest 0.00 Class A-2 Interest Payment Amount 372,392.50 increase / (decrease) in Class A-2 unpaid interest 0.00 Class A-2 previously due and unpaid interest 0.00 Class A-3 Interest Payment Amount 559,025.60 increase / (decrease) in Class A-3 unpaid principal 0.00 Class A-3 previously due and unpaid interest 0.00 Class A-4 Interest Payment Amount 494,845.54 increase / (decrease) in Class A-4 unpaid interest 0.00 Class A-4 previously due and unpaid interest 0.00 Class B Interest Payment Amount 101,385.04 increase / (decrease) in Class B unpaid principal 0.00 Class B previously due and unpaid interest 0.00 Class C Interest Payment Amount 59,638.93 increase / (decrease) in Class C unpaid interest 0.00 Class C previously due and unpaid interest 0.00 Class D Interest Payment Amount 121,866.67 increase / (decrease) in Class D unpaid interest 0.00 Class D previously due and unpaid interest 0.00 Certificates n/a Net Servicing Fee 17,684.57 Amount Net Servicing Fee not paid 0.00 Repayment of prior unpaid Net Servicing Fees 0.00 Net Servicing Fee paid to Servicer 17,684.57 Net Servicing Fee per $1,000 original principal balance 0.013907027 Cumulative balance of unpaid Net Servicing Fee 0.00 Receivables Servicer Supplement Payment Amount Ford Credit 239,235.42 Huntington 644,992.93 Total Receivables Servicer Supplement Payment Amount 884,228.35 Total Receivables Servicer Supplement Payment Amount per $1,000 original principal balance 0.695351367 Reimbursement of Servicing Advances 7,827.00 Reimbursement of Servicing Advances per $1,000 original principal balance 0.006155101 Reimbursement of Prior Month Interest Advances 284,356.66 Reimbursement of Prior Month Interest Advances per $1,000 original principal balance 0.223616209 Owner Trustee Fee 833.33 Owner Trustee Fee per $1,000 original principal balance 0.000655328 Indenture Trustee Fee 0.00 Indenture Trustee Fee per $1,000 original principal balance 0.000000000 Total Distributions 46,909,491.87 Current Period Losses Realized Losses 915,759.36 Cram Down Losses 9,862.52 Current Period Liquidated or Purchased Receivables Purchase Amount of Receivables repurchased 87,979.61 Liquidated Receivables 1,462,008.28 Delinquency Information Group Totals Principal Period Number Balance Percentage 30 - 59 days 615 9,009,111.77 0.88% 60 - 89 days 118 1,762,092.22 0.17% 90 + days 103 1,638,090.99 0.16% Totals 836 12,409,294.98 1.22% Repossession Information (Total Inventory) Number of Receivables as to which vehicles have been Repossessed 117 Balance of Receivables as to which vehicles have been Repossessed 1,875,583.07 Extension Information Number of Extensions Granted 1,017 Principal Balance of Receivables to which Extensions were Granted 15,040,062.57 Overcollateralization Amounts Beginning Target Overcollateralization Level 21,221,480.43 Ending Target Overcollateralization Level 20,382,146.20 Three-Month Annualized Net Loss Ratio 0.83% Cumulative Net Loss Ratio 0.21% Annualized Net Loss Ratio 0.83% WAC 6.36 WAM 46.53
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