EXHIBIT 12.1
Statement re computation of ratios
Computation of Ratio of Earnings to Fixed Charges for Weigh-Tronix, LLC(a)
Predecessor (b) Weigh-Tronix LLC
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One month 11 months
Year ended ended ended Year ended
March 31, 1998 April 30, 1998 March 31, 1999 March 31, 2000
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(US $ thousands, except ratios) (US $ thousands, except ratios)
Pre-tax income (loss) before adjustment for equity
in loss of unconsolidated joint venture $3,886 $ 785 $(4,611) $2,964
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Fixed charges:
Cash interest expense $ 27 $ - $5,576 $5,719
Amortization of debt issuance costs - - 356 301
Rental expense 722 57 488 581
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Total fixed charges $ 749 $ 57 $6,420 $6,601
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Pre-tax income before adjustment for equity in loss
of unconsolidated joint venture, plus fixed charges $4,635 $ 842 $1,809 $9,565
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Ratio of earnings to fixed charges 6.19 x 14.77 x - (c) 1.45 x
(a): The information presented is based on the historical results of the
Predecessor and Weigh-Tronix, LLC and does not include results for the
Avery Berkel Group. See "Selected Historical Financial Information for the
Avery Berkel Group" for their calculation of the ratio of earnings to fixed
charges.
(b): The company acquired the Weigh-Tronix Scale Products Business (Predecessor)
on May 1, 1998 in a purchase transaction. Accordingly, historical
information for the Predecessor for the year ended March 31, 1998 and the
one month ended April 30, 1998 may not be comparable to the data for
subsequent periods.
(c): Due to the company's loss before provision for income taxes in the 11
months ended March 31, 1999, the ratio coverage for that period was less
than 1:1. The company must generate additional pre-tax income of $4.6
million for the 11 months ended March 31, 1999 to achieve a coverage ratio
of 1:1 in that period. See further discussion at "Selected Historical
Financial Information for Weigh-Tronix" in the prospectus.
Computation of Pro Forma Ratio of Earnings to Fixed Charges for Weigh-Tronix,
LLC (d)
Historical
Historical Weigh- Avery Berkel Pro forma Pro forma Weigh-
Tronix, LLC at Group at adjustments Tronix, LLC at
March 31, 2000 March 31, 2000 (e) March 31, 2000
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(US $ thousands, except ratios)
Pre-tax income from continuing operations before
adjustment for equity in loss of unconsolidated
joint venture, plus fixed charges $ 9,565 $16,213 $ - $25,778
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Fixed charges 6,601 1,680 - 8,281
Adjustments:
Increase in interest expense resulting from
the issuance of new debt - - 22,219 22,219
Elimination of historical interest income - - (2,710) (2,710)
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Total pro forma fixed charges $ 6,601 $ 1,680 $19,509 $27,790
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Pro forma ratio of earnings to fixed charges 1.45 x 9.65 x - - (f)
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(d): The information presented is based on the pro forma combined results of
Weigh-Tronix, LLC and the Avery Berkel Group. All amounts for the Avery
Berkel Group were translated at an exchange rate of 1.00 pounds sterling to
U.S. dollar $1.60. Amounts were obtained from the "Selected Historical
Financial Information for Weigh-Tronix" and the "Selected Historical
Financial Information for the Avery Berkel Group".
(e): The pro forma adjustments were obtained from footnote 4 of the Notes to the
Unaudited Pro Forma Combined Statement of Operations which is included in
the "Unaudited Pro Forma Combined Financial Data" section of the
prospectus. The elmination of historical interest income does not include
$60 for pro forma interest expense relating to previous acquisitions of
Weigh-Tronix, LLC.
(f): On a pro forma basis for the year ended March 31, 2000, the Company's pro
forma ratio of earnings to fixed charges was less than 1:1. The company
must generate additional pre-tax income of $2.0 million for the year ended
March 31, 2000 to achieve a coverage ratio of 1:1.