EX-12 4 a2183660zex-12.htm EXHIBIT 12
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Exhibit 12


TriMas Corporation

Computation of Ratio of Earnings to Fixed Charges

(Dollars In Thousands)

 
  For The Years Ended December 31
 
 
  2007
  2006
  2005
  2004
  2003
 
Earnings (Loss) Before Income Taxes and Fixed Charges:                                

Income (loss) from continuing operations before income taxes

 

$

(171,400

)

$

(108,070

)

$

850

 

$

17,760

 

$

(17,380

)
Fixed charges     79,550     90,220     77,160     69,690     64,740  
Amortization of other interest charges     2,330     4,260     4,900     4,590     4,020  
   
 
 
 
 
 
Earnings (loss) before income taxes and fixed charges   $ (89,520 ) $ (13,590 ) $ 82,910   $ 92,040   $ 51,380  
   
 
 
 
 
 
Fixed Charges:                                
Interest expense   $ 73,480   $ 83,490   $ 70,690   $ 63,160   $ 60,380  
Estimated interest factor for rentals     6,070     6,730     6,470     6,530     4,360  
   
 
 
 
 
 
Fixed charges     79,550     90,220     77,160     69,690     64,740  
   
 
 
 
 
 
Ratio of earnings to fixed charges     n/a (1)   n/a (1)   1.1     1.3     0.8  
   
 
 
 
 
 

(1)
For purposes of calculating the ratio of earnings to fixed charges, earnings represents income (loss) from continuing operations before income taxes, plus fixed charges and amortization of interest-related charges not included in interest expense. Fixed charges include interest expense (including amortization of deferred financing costs and debt extinguishment costs) and the portion of operating rental expense which management believes is representative of the interest component of rent expense (assumed to be 33%). For the years ended December 31, 2007, 2006 and 2003, additional earnings of $169.1 million, $103.8 million and $13.4 million, respectively, would have been required to make the ratio 1.0x.



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TriMas Corporation Computation of Ratio of Earnings to Fixed Charges (Dollars In Thousands)