1
EXHIBIT 12.1
ADVANCED ACCESSORY SYSTEMS, LLC
STATEMENT REGARDING COMPUTATION OF RATIOS --
FIXED CHARGE COVERAGE RATIO
FOR THE YEARS ENDED DECEMBER 31, 1999, 1998 AND 1997
(DOLLAR AMOUNTS IN THOUSANDS)
DECEMBER 31,
-----------------------------
1999 1998 1997
---- ---- ----
Pre-tax income (loss) from continuing operations............ $ 5,395 $ 813 $ 712
Minority interest in the income of subsidiary with fixed
charges................................................... -- -- 97
------- ------- -------
5,395 813 809
------- ------- -------
Fixed Charges:
Interest expense and amortization of debt discount and
premium on all indebtedness............................ 17,453 18,633 12,627
Rentals(1).................................................. 1,390 1,317 751
------- ------- -------
Total fixed charges......................................... 18,843 19,950 13,378
------- ------- -------
Earnings before income taxes, minority interest and fixed
charges................................................... $24,238 $20,763 $14,187
======= ======= =======
Ratio of earnings to fixed charges.......................... 1.29x 1.04x 1.06x
======= ======= =======
- -------------------------
(1) Amount included in fixed charges for rentals is considered by management to
be a reasonable approximation of the interest factor.