Attached files

file filename
EX-4.6 - EXHIBIT 4.6 - TRIMAS CORPa2196991zex-4_6.htm
EX-21.1 - EXHIBIT 21.1 - TRIMAS CORPa2196991zex-21_1.htm
EX-23.1 - EXHIBIT 23.1 - TRIMAS CORPa2196991zex-23_1.htm
EX-31.1 - EXHIBIT 31.1 - TRIMAS CORPa2196991zex-31_1.htm
EX-10.47 - EXHIBIT 10.47 - TRIMAS CORPa2196991zex-10_47.htm
EX-10.56 - EXHIBIT 10.56 - TRIMAS CORPa2196991zex-10_56.htm
EX-10.57 - EXHIBIT 10.57 - TRIMAS CORPa2196991zex-10_57.htm
EX-10.48 - EXHIBIT 10.48 - TRIMAS CORPa2196991zex-10_48.htm
EX-10.58 - EXHIBIT 10.58 - TRIMAS CORPa2196991zex-10_58.htm
EX-31.2 - EXHIBIT 31.2 - TRIMAS CORPa2196991zex-31_2.htm
EX-32.2 - EXHIBIT 32.2 - TRIMAS CORPa2196991zex-32_2.htm
EX-32.1 - EXHIBIT 32.1 - TRIMAS CORPa2196991zex-32_1.htm
10-K - 10-K - TRIMAS CORPa2196991z10-k.htm

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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  
 
  2009   2008   2007   2006   2005  

Earnings (Loss) Before Income Taxes and Fixed Charges:

                               
 

Income (loss) from continuing operations before income taxes

  $ 21,080   $ (123,600 ) $ (174,870 ) $ (110,620 ) $ (350 )
 

Fixed charges

    60,380     58,690     79,080     89,680     76,610  
 

Amortization of other interest charges

    1,590     2,310     2,330     4,260     4,900  
                       
 

Earnings (loss) before income taxes and fixed charges

  $ 83,050   $ (62,600 ) $ (93,460 ) $ (16,680 ) $ 81,160  
                       

Fixed Charges:

                               
 

Interest expense

  $ 55,520   $ 53,570   $ 73,460   $ 83,510   $ 70,700  
 

Estimated interest factor for rentals

    4,860     5,120     5,620     6,170     5,910  
                       
 

Fixed charges

    60,380     58,690     79,080     89,680     76,610  
                       

Ratio of earnings to fixed charges

    1.4     n/a (1)   n/a (1)   n/a (1)   1.1  
                       

(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, 2008, 2007 and 2006, additional earnings of $121.3 million, $172.5 million and $106.4 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)