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EXHIBIT 12.1
SAFETY COMPONENTS INTERNATIONAL, INC.
RATIO OF EARNINGS TO FIXED CHARGES
(IN THOUSANDS)
Four Months
January 1, 1993 Eleven Months April
through April 27, 28, 1993 through Year Ended March 31, Pro Forma
1993 March 31, 1994 1995 1996 1997 March 31, 1997
------- ------- ------- ------- ------- -------
Fixed Charges:
Interest expense (income), net $ 10 $ 235 $ 126 $ (197) $ 1,319 $10,563
------- ------- ------- ------- ------- -------
Earnings:
Income (loss) before income taxes (417) (591) 3,416 8,030 6,841 1,956
Add back fixed charges 10 235 126 (197) 1,319 10,563
------- ------- ------- ------- ------- -------
(407) (356) 3,542 7,833 8,160 12,519
Ratio of earnings to fixed charges (1)
-- -- 28.1x -- 6.2x 1.2x
Three Months Ended June 30,
1996 1997 Pro Forma
------- ------- -------
Fixed Charges:
Interest expense (income), net $ 10 $ 523 $ 2,639
------- ------- -------
Earnings:
Income (loss) before income taxes 1,372 2,391 1,685
Add back fixed charges 10 523 2,639
------- ------- -------
1,382 2,914 4,324
Ratio of earnings to fixed charges (1)
138.2x 5.6x 1.6x
(1) For the Four Months January 1, 1993 through April 27, 1993 and the Eleven
Months April 28, 1993 through March 31, 1994, earnings were insufficient
to cover fixed charges by $167,000 and $207,000, respectively. In fiscal
year 1996, the Company did not incur fixed charges.