EX-25.1 9 dex251.txt STATEMENT OF ELIGIBILITY OF TRUSTEE ON FORM T-1 EXHIBIT 25.1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. ------------------------ FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS A TRUSTEE ------------------------ CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b)(2) WACHOVIA BANK NATIONAL ASSOCIATION (Exact name of Trustee as specified in its charter) 22-1147033 (I.R.S. Employer Identification No.) 301 South College Street, Charlotte, North Carolina 28288-0630 (Address of Principal Executive Offices) (Zip Code) Mohawk Industries, Inc. (Name of Obligor) Delaware 52-1604305 (State or other jurisdiction of (I.R.S. Employer Incorporation or organization) Identification No.) 160 S. Industrial Boulevard Calhoun, GA 30703-7002 (Address of Principal Executive Offices) (Zip Code) 6.50% NOTES DUE 2007, SERIES C 7.20% NOTES DUE 2012, SERIES D (Title of Indenture Securities) 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: Comptroller of the Currency, Washington, D.C. Board of Governors of the Federal Reserve System, Richmond, VA 23219 Federal Deposit Insurance Corporation, Washington, D.C. (b) Whether it is authorized to exercise corporate trust powers. The Trustee is authorized to exercise corporate trust powers. Item 2. Affiliations with Obligor. If the obligor is an affiliate of the trustee, describe each such affiliation. None. Item 16. Lists of Exhibits. Exhibit 1 Articles of Association of the Trustee as now in effect, incorporated herein by reference (see Exhibit T-1 Registration Number 333-47985). Exhibit 2 No certificate of authority of the Trustee to commence business is furnished. This authority is contained in the Articles of Association of the Trustee. Exhibit 3 Copy of the authorization of the Trustee to exercise corporate trust powers, incorporated herein by reference (see Exhibit T-1 Registration Number 333-49145). Exhibit 4 Copy of the existing By-Laws of the Trustee, as now in effect, incorporated herein by reference (see Exhibit T-1 Registration Number 333-49145). Exhibit 5 Not applicable. Exhibit 6 The consent of the Trustee required by Section 321 (b) of the Act, incorporated herein by reference (see Exhibit T-1 Registration Number 333-47985). Exhibit 7 Report of Condition of Wachovia Bank National Association as of the close of business on December 31, 2001, published pursuant to the law or the requirement of its supervising or examining authority. Exhibit 8 Not Applicable Exhibit 9 Not Applicable SIGNATURE Pursuant to the requirements of the Trust Indenture Act of 1939 the Trustee, Wachovia Bank National Association organized and existing under the laws of the United States, has duly caused this Statement of Eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the Town of Atlanta, and State of Georgia, on the 15th day of April, 2002. WACHOVIA BANK NATIONAL ASSOCIATION By: /s/ Eric J. Knoll ------------------------- Assistant Vice President EXHIBIT 7 Wachovia Bank National Association Statement of Financial Condition As of 12/31/2001 ASSETS ($000's) ASSETS
Cash and balance due from depository institutions: Non-interest-bearing balances and currency and coin 10,660,000 Interest bearing balances 6,638,000 Securities: Hold-to-maturity securities 0 Available-for-sale securities 47,596,000 Federal funds sold and securities purchased under agreements to resell 5,188,000 Loans and lease financing receivables: Loan and leases held for sale 7,337,000 Loan and leases, net of unearned income 116,417,000 Less: Allowance for loan and lease losses 2,222,000 Less: Allocated transfer risk reserve 0 Loans and leases, net of unearned income, allowance 114,195,000 Trading Assets 19,071,000 Premises and fixed assets (including capitalized leases) 2,628,000 Other real estate owned 92,000 Investment in unconsolidated subsidiaries and associated companies 503,000 Customer's liability to this bank on acceptances outstanding 732,000 Intangible assets: Goodwill 2,253,000 Other intangible Assets 336,000 Other assets: 15,556,000 Total Assets: 232,785,000 LIABILITIES Deposits: In domestic offices 135,276,000 Non-interest-bearing 24,546,000 Interest-bearing 110,730,000 In foreign offices, Edge and Agreement subsidiaries, and IBFs 12,473,000 Non-interest-bearing 32,000 Interest-bearing 12,441,000 Federal funds purchased and securities sold under agreements to repurchase 19,728,000 Trading liabilities 15,559,000 Other borrowed money 16,702,000 Bank's liability on acceptances executed and outstanding 749,000 Subordinated notes and debentures 5,993,000 Other liabilities. 9,195,000 Total liabilities 215,675,000 Minority Interest in consolidated subsidiaries 977,000 EQUITY CAPITAL Perpetual preferred stock and related surplus 161,000 Common Stock 455,000 Surplus 13,302,000 Retained Earnings 1,847,000 Accumulated other comprehensive income 368,000 Other Equity Capital components 0 Total equity capital 16,133,000 Total liabilities and equity capital 232,785,000