EXHIBIT 12.1
VENTURE HOLDINGS COMPANY LLC
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(THOUSANDS OF DOLLARS)
YEARS ENDED DECEMBER 31,
2001 2000 1999 1998 1997
---- ---- ---- ---- ----
Net Earnings from continuing operations 1,003 9,082 (8,941) 13,568 11,523
Add back:
Taxes on Income (13,067) (11,289) 8,227 2,489 3,830
Fixed Charges 106,412 113,156 80,072 40,651 34,204
Amortization of previously
capitalized interest -- -- -- 224 295
Deduct:
Capitalized Interest -- -- -- -- --
-------- -------- -------- -------- --------
Earnings available for fixed charges 94,348 110,949 79,358 56,932 49,852
======== ======== ======== ======== ========
Fixed charges of Venture Holdings
Company LLC:
Interest expense 97,658 102,513 72,606 36,641 30,182
Capitalized interest -- -- -- -- --
Amortization of debt expense
and debt discount 4,854 6,378 4,572 2,160 1,934
Interest portion of rent expense 3,900 4,265 2,894 1,850 2,088
-------- -------- -------- -------- --------
106,412 113,156 80,072 40,651 34,204
======== ======== ======== ======== ========
Ratio of earning to fixed charges * * * 1.40 1.46
* Earnings were insufficient to cover fixed charges in the amounts of
$12,064, $2,207 and $714 for the years ended December 31, 2001, 2000
and 1999, respectively.