EX-12.1 2 ex12_1.htm EXHIBIT 12.1 Exhibit 12.1







ADVANCED ACCESSORY HOLDINGS CORPORATION
EXHIBIT 12.1 - STATEMENT REGARDING COMPUTATION OF RATIOS
FIXED CHARGE COVERAGE RATIO
(Dollar amounts in thousands)


   
Company 
  
Predecessor 
  
   
 
For the Year Ended
 
 
For the Year Ended
 
For the Period from April 15, 2003 to
  
For the Period from
January 1, 2003 to
  
   
December 31, 2005
  
December 31, 2004
  
December 31, 2003
  
April 14, 2003
  
Pre-tax loss from continuing operations 
  
$
(80,310
)
$
(16,808
)
$
(5,902
)
$
(5,098
)
 
Fixed Charges:
Interest expense and amortization
of debt discount and premium on all  indebtedness
    
29,576
    
27,007
    
14,409
    
4,772
  
 
Rentals (1) 
    
5,781
    
5,244
    
2,478
    
1,006
  
 
Total fixed charges 
    
35,357
    
32,251
    
16,887
    
5,778
  
 
Earnings before income taxes
and fixed charges 
  
$
(43,953
)
$
15,443
  
$
10,985
  
$
680
  
 
Ratio of earnings to fixed charges (2) 
    
—
    
—
    
—
    
—
  



(1)  
Amount included in fixed charges for rentals is considered by management to be a reasonable approximation of the interest factor.
(2)  
For the years ended December 31, 2005 and 2004 and the periods ended December 31, 2003 and April 14, 2003 fixed charges exceeded earnings by $80,310, $16,808, $5,902 and $5,098, respectively, resulting in a ratio less than one.