EX-12.1 16 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of ratio of earnings to fixed charges

Exhibit 12.1

RBS Global, Inc. and Subsidiaries

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in millions)

 

    Predeccessor          Successor   Fiscal
Year
March  31,
2008		   Fiscal
Year
March  31,
2009		     Fiscal
Year ended
March  31,
2010		     Pro Forma
As Adjusted
Fiscal
Year ended
March  31,
2010		  
    Fiscal
Year
March  31,
2006		   Period from
April 1, 2006
through
July 21,  2006		          Period from
July 22, 2006
through
March 31,  2007		        
                 

Earnings available for fixed charges:

                  

Income (loss) from continuing operations before income taxes

   $ 39.2   $ (55.7 )        $ 13.8   $ 61.9   $ (386.3 )    $ (43.6 )    $ (137.3 ) 

Distributed income of equity investees

     —       —              —       1.7     —          0.4        0.4   

Fixed charges

     64.0     21.7            107.3     196.0     183.3        188.5        180.9   
                                                     

Total earnings available for fixed charges

   $ 103.2   $ (34.0 )        $ 121.1   $ 259.6   $ (203.0 )    $ 145.3      $ 44.0   
                                                     

Fixed charges:

                  

Interest expensed and capitalized (1)

   $ 61.5   $ 21.0          $ 105.0   $ 191.8   $ 178.4      $ 183.7      $ 176.1   

Interest (representative of rental expense) (2)

     2.5     0.7            2.3     4.2     4.9        4.8        4.8   
                                                     

Total fixed charges

   $ 64.0   $ 21.7          $ 107.3   $ 196.0   $ 183.3      $ 188.5      $ 180.9   
                                                     

Ratio of earnings to fixed charges

     1.6     See note  (3)          1.1     1.3     See note  (4)      See note  (5)      See note  (6) 
                                                     

 

(1) Fixed charges including amortized premiums, discounts and capitalized expenses related to indebtedness.
(2) An estimate of the interest within rental expense (total rent expense) 33%.
(3) No ratio is presented for the period from April 1, 2006 through July 21, 2006 as the earnings for that period were insufficient to cover fixed charges by $55.7 million.
(4) No ratio is presented for the fiscal year ended March 31, 2009 as the earnings for that period were insufficient to cover fixed charges by $386.3 million.
(5) No ratio is presented for the fiscal year ended March 31, 2010 as the earnings for that period were insufficient to cover fixed charges by $43.2 million.
(6) No ratio is presented for the fiscal year ended March 31, 2010 (pro forma post-transaction) as the earnings for that period were insufficient to cover fixed charges by $136.9 million.