EX-12 6 file002.htm STATEMENT REGARDING COMPUTATION OF RATIOS

Exhibit 12

TRIMAS CORPORATION
EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND
PREFERRED STOCK DIVIDENDS

(DOLLARS IN THOUSANDS)

    


  Post-Acquisition Basis Pre-Acquisition Basis
  Year Ended
December 31,
2003
Year Ended
December 31,
2002
Year Ended
December 31,
2001
11/28/00 -
12/31/00
1/1/00 -
11/28/00
Year Ended
December 31,
1999
EARNINGS (LOSS) BEFORE INCOME TAXES AND FIXED CHARGES:
Income (loss) from continuing operations before income taxes $ (36,520 $ 4,690   $ (9,220 $ (5,970 $ 42,460   $ 68,750  
Deduct equity in undistributed earnings of less-than-fifty-percent owned companies                        
Fixed charges   70,460     63,160     75,660     5,300     58,630     57,860  
Deduct capitalized interest       (30   (110   (20   (200   (260
Depreciation of fixed charges   20     20     10         50     30  
Estimated interest factor for rentals                        
Earnings (loss) before income taxes and fixed charges $ 33,960   $ 67,840   $ 66,340   $ (690 $ 100,940   $ 126,380  
FIXED CHARGES:
Interest on indebtedness, net $ 64,780   $ 60,810   $ 73,860   $ 5,140   $ 56,590   $ 55,860  
Capitalized interest       30     110     20     200     260  
Estimated interest factor for rentals   5,680     2,320     1,690     140     1,840     1,740  
Total fixed charges $ 70,460   $ 63,160   $ 75,660   $ 5,300   $ 58,630   $ 57,860  
RATIO OF EARNINGS TO FIXED CHARGES   0.5     1.1     0.9     (0.1   1.7     2.2  
Notes:
(1) For the period ended December 31, 2000, and years ended December 31, 2001 and 2003, additional earnings of $6.0 million, $9.3 million and $36.5 million, respectively, would have been required to make the ratio 1.0x.