Commercial Vehicle (CVGI) 10-K 2005 FY Annual report

EXHIBIT 12.1

COMMERCIAL VEHICLE GROUP, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

($ in thousands)

	Year Ended December 31,
	2001		2002		2003		2004		2005
EARNINGS:
Pre-tax income (loss) from continuing operations	$	3,057	$	11,385	$	9,231	$	23,930	$	78,549
Fixed charges		15,795		13,711		13,786		9,964		16,403
Capitalized interest		0		0		0		0		0
Earnings available for fixed charges	$	18,852	$	25,096	$	23,018	$	33,894	$	94,952
FIXED CHARGES:
Interest expense (including debt issuance costs amortized to interest expense)	$	14,885	$	12,940	$	12,768	$	8,849	$	14,720
Capitalized interest		0		0		0		0		0
Interest component of rent expense(1)		910		771		1,018		1,115		1,684
Total fixed charges	$	15,795	$	13,711	$	13,786	$	9,964	$	16,404
Ratio of earnings to fixed charges		1.19		1.83		1.67		3.40		5.79

(1) For purposes of calculating the ratio of earnings to fixed charges, earnings are defined as income from continuing operations before income taxes and cumulative effect of change in accounting principles plus fixed charges. Fixed charges include interest expense (including amortization of deferred financing costs) and an estimate of operating rental expense, approximately 20%, which management believes is representative of the interest component.