EX-12.1 7 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)

 

                        

July 8, 2005

(Date of Formation)

Through

Sept. 30,

2003

     Predecessor  
                          

October 1,
2002
Through

July 22,

2003

  
    

Fiscal Year Ended September 30,

     
     2007    2006    2005    2004     

Earnings:

                 

Total earnings (loss)

    $ 88,645    $ 25,117    $ 34,687    $ 13,622    $ (5,759 )   $ (69,969 )

Income tax provision (benefit)

      53,426      16,318      22,627      6,682      (3,970 )     (40,701 )
                                            

Pre tax earnings (loss)

      142,071      41,435      57,314      20,304      (9,729 )     (110,670 )
                                            

Fixed charges:

                 

Interest charges

      91,767      76,732      80,266      74,675      14,233       28,224  

Interest factor of operating rents

      931      698      635      452      163       408  
                                            

Total fixed charges

      92,698      77,430      80,901      75,127      14,396       28,632  
                                            

Earnings as adjusted

    $ 234,769    $ 118,865    $ 138,215    $ 95,431    $ 4,667     $ (82,038 )
                                            

Ratio of earnings to fixed charges (1)

      2.5      1.5      1.7      1.3      —         —    
                                            
(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.