EX-12.1 18 a2165625zex-12_1.htm EXHIBIT 12.1
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Exhibit 12.1


Accellent Inc.
Ratio of Earnings to Fixed Charges
(in thousands)

 
   
   
   
   
   
   
  Pro Forma as adjusted**
 
 
   
   
   
   
   
   
  Twelve
Months
Ended
December 31,
2004

   
 
 
  Twelve Months Ended December 31,
  Nine Months
Ended
September 30,
2005

  Nine Months
Ended
September 30,
2005

 
 
  2000
  2001
  2002
  2003
  2004
 
Pre-tax income (loss)   $ (16,282 ) $ (8,502 ) $ (32,557 ) $ (932 ) $ (2,137 ) $ 21,978   $ (32,231 ) $ (2,946 )
  Interest expense     11,363     17,802     16,923     16,587     26,879     23,731     61,322     45,962  
  Amortization of capitalized interest                                  
  Distributed income of equity investees                                  
  Interest portion of rent*     398     638     766     1,044     1,874     1,853     2,669     1,853  
   
 
 
 
 
 
 
 
 
Earnings (loss)     (4,521 )   9,938     (14,868 )   16,699     26,616     47,562     31,760     44,869  
Fixed charges   $ 11,761   $ 18,440   $ 17,689   $ 17,631   $ 28,753   $ 25,584   $ 63,991   $ 47,815  
  Ratio                         1.9x          
  Deficiency   $ 16,282   $ 8,502   $ 32,557   $ 932   $ 2,137       $ 32,231   $ 2,946  


UTI Pennsylvania***
Ratio of Earnings to fixed Charges
(in thousands)

 
  Year Ended
December 31,
1999

  Five Months
Ended
May 31,
2000

 
Pre-tax income (loss)   $ 2,127   $ (16,840 )
  Interest expense     592     257  
  Amortization of capitalized interest          
  Distributed income of equity investees          
  Interest portion of rent*     259     123  
Earnings (loss)     2,978     (16,460 )
Fixed charges   $ 851   $ 380  
  Ratio     3.5x      
  Deficiency   $   $ 16,840  

*
Interest portion of rent is estimated to be one-third of rent expense.

**
For a description of the transactions included in the pro forma as adjusted columns, please refer to "The Transactions" on page 93 of the prospectus contained in the Registration Statement on Form S-4.

***
UTI Pennsylvania is our predecessor. See "Selected Historical Consolidated Financial Data" on page 35 of the above referenced prospectus for a discussion of our predecessor.



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Accellent Inc. Ratio of Earnings to Fixed Charges (in thousands)
UTI Pennsylvania*** Ratio of Earnings to fixed Charges (in thousands)