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EXHIBIT 12
VENTURE HOLDINGS TRUST
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(THOUSANDS OF DOLLARS)
YEARS ENDED DECEMBER 31,
1998 1997 1996 1995 1994
---- ---- ---- ---- ----
Net Earnings from continuing operations 13,568 11,523 1,999 4,142 7,445
Add back:
Taxes on Income 2,489 3,830 1,002 577 3,405
Fixed Charges 40,651 34,204 21,899 16,704 16,049
Amortization of previously capitalized interest 224 295 285 285 285
Deduct:
Capitalized interest 0 0 108 0 0
Earnings available for fixed charges 56,932 49,852 25,077 21,708 27,184
Fixed charges of Venture Holdings Trust:
Interest expense 36,641 30,182 19,248 15,032 14,345
Capitalized interest 0 0 108 0 0
Amortization of debt expense and debt discount 2,160 1,934 885 556 466
Interest portion of rent expense 1,850 2,088 1,658 1,116 1,238
----- ----- ----- ----- -----
40,651 34,204 21,899 16,704 16,049
Ratio of earnings to fixed charges 1.40 1.46 1.15 1.30 1.69
VENTURE HOLDINGS TRUST
VALUATION AND QUALIFYING ACCOUNTS
(THOUSANDS OF DOLLARS)
For the years ended December 31, 1998, 1997 and 1996
Column A Column B Column C Additions Column D Column E
-------- -------- --------- -------- --------
Allowance for Doubtful Accounts Balance at Charged to Charged to Balance at
For the year ended December 31, Beginning Costs and other accounts Deductions End of
of year expenses described described Year
------- -------- --------- --------- ----
1998 $3,572 $3,226 $ 0 $(2,280) $4,518
1997 2,781 1,635 0 (844) 3,572
1996 1,679 3,175 0 (2,073) 2,781