EX-12.1 5 dex121.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement of Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

TRANSDIGM GROUP INCORPORATED

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Amounts in Thousands)

 

                          Predecessor
     Fiscal Year Ended September 30,    July 8, 2003
(Date of
Formation)
Through
September 30,
2003		     October 1,
2002
Through
July 22,
2003		     Fiscal Year
Ended
September 30,
2002
         2006            2005            2004           

Earnings:

                

Total earnings (loss)

    $ 25,117    $ 34,687    $ 13,622    $ (5,759 )   $ (69,969 )   $ 30,629

Income tax provision (benefit)

      16,318      22,627      6,682      (3,970 )     (40,701 )     16,804
                                           

Pre Tax Earnings (loss)

      41,435      57,314      20,304      (9,729 )     (110,670 )     47,433
                                           

Fixed charges:

                

Interest charges

      76,732      80,266      74,675      14,233       28,224       36,538

Interest factor of operating rents

      698      635      452      163       408       419
                                           

Total fixed charges

      77,430      80,901      75,127      14,396       28,632       36,957
                                           

Earnings as adjusted

    $ 118,865    $ 138,215    $ 95,431    $ 4,667     $ (82,038 )   $ 84,390
                                           

Ratio of earnings to fixed charges(1)

      1.5      1.7      1.3      —         —         2.3
                                           
(1) For purposes of computing the ratio of earnings to fixed charges, earnings consist of earnings before income taxes plus fixed charges. Fixed charges consist of interest expense, amortization of debt issuance costs and the portion (approximately 33%) of rental expense that management believes is representative of the interest component of rental expense.