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EXHIBIT 12
MSX INTERNATIONAL, INC. AND CONSOLIDATED SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(dollars in thousands)
PREDECESSOR FISCAL FISCAL
------------------------------------------- YEAR YEAR
YEAR ENDED December 31, ENDED ENDED
------------------------------------------- December 28, January 3,
1994 1995 1996 1997 1999
-------------- ------------- ----------- ------------- ---------------
Earnings before income taxes and
fixed charges:
Income from continuing operations
before income taxes $ 8,540 $ 10,240 $ 6,620 $ (2,748) $ 5,839
Add interest on indebtedness, net 920 1,470 1,310 12,400 16,906
Add amortization of debt expense - - - - 510
Add estimated interest factor
for rentals 1,800 2,733 1,800 5,867 7,442
-------------- ------------- ----------- ------------- ---------------
Earnings before income taxes and
fixed charges $11,260 $ 14,443 $ 9,730 $ 15,519 $ 30,697
-------------- ------------- ----------- ------------- ---------------
Fixed charges:
Interest on indebtedness $ 920 $ 1,470 $ 1,310 $ 12,400 $ 16,906
Amortization of debt expense - - - - 510
Estimated interest factor for rentals 1,800 2,733 1,800 5,867 7,442
-------------- ------------- ----------- ------------- ---------------
$ 2,720 $ 4,203 $ 3,110 $ 18,267 $ 24,858
-------------- ------------- ----------- ------------- ---------------
Ratio of earnings to fixed charges 4.1 3.4 3.1 (a) 1.2
(a) Earnings were insufficient to cover fixed charges by $2.7 million for the
fiscal year ended December 28, 1997