1 EXHIBIT 12 VENTURE HOLDINGS TRUST COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (THOUSANDS OF DOLLARS) YEAR ENDED DECEMBER 31, SIX MONTHS ENDED JUNE 30, ------------------------------------------------- ------------------------- 1996 1995 1994 1993 1992 1997 1996 ------- ------- ------- ------- ------- ------- ------- Net earnings from continuing operations $ 1,999 $ 4,142 $ 7,445 $14,188 $ 5,044 $13,299 $ 5,864 Add back: Taxes on income 1,002 577 3,405 1,178 0 1,885 666 Fixed charges 21,899 16,704 16,049 13,204 11,860 16,179 8,524 Amortization of previously capitalized interest 285 285 285 285 285 148 148 Deduct: Capitalized interest 108 0 0 0 0 0 0 ------- ------- ------- ------- ------- ------- ------- Earnings available for fixed charges $25,077 $21,708 $27,184 $28,855 $17,189 $31,511 $15,202 Fixed charges of Venture Holdings Trust: Interest expense 19,248 15,032 14,345 11,158 10,390 14,208 7,409 Capitalized interest 108 0 0 0 0 0 0 Amortization of debt expense and debt discount 885 556 466 895 469 905 286 Interest portion of rent expense 1,658 1,116 1,238 1,151 1,001 1,066 829 ------- ------- ------- ------- ------- ------- ------- $21,899 $16,704 $16,049 $13,204 $11,860 $16,179 $ 8,524 Ratio of earnings to fixed charges 1.15 1.30 1.69 2.19 1.45 1.95 1.78