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EXHIBIT 12
MSX INTERNATIONAL, INC. AND CONSOLIDATED SUBSIDIARES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
PREDECESSOR FISCAL FISCAL FISCAL
------------------------------------- YEAR YEAR SIX MONTHS
YEAR ENDED DECEMBER 31, ENDED ENDED ENDED
-------------------------------------- DECEMBER 28, JANUARY 3, JULY 4,
1994 1995 1996 1997 1999 1999
---------- ---------- -------- ------------ ---------- -----------
(unaudited)
Earnings before income taxes and
fixed charges:
Income from continuing operations
before income taxes $ 8,540 $ 10,240 $ 6,620 $ (2,748) $ 5,839 $ 9,232
Add interest on indebtedness, net 920 1,470 1,310 12,400 16,906 9,408
Add amortization of debt issuance cost - - - - 510 298
Add estimated interest factor
for rentals 1,800 2,733 1,800 5,867 7,442 2,845
-------- -------- ------- -------- -------- --------
Earnings before income taxes and
fixed charges $ 11,260 $ 14,443 $ 9,730 $ 15,519 $ 30,697 $ 21,783
======== ======== ======= ======== ======== ========
Fixed charges:
Interest on indebtedness $ 920 $ 1,470 $ 1,310 $ 12,400 $ 16,906 $ 9,408
Amortization of debt issuance cost - - - - 510 298
Estimated interest factor for rentals 1,800 2,733 1,800 5,867 7,442 2,845
-------- -------- ------- -------- -------- --------
$ 2,720 $ 4,203 $ 3,110 $ 18,267 $ 24,858 $ 12,551
======== ======== ======= ======== ======== ========
Ratio of earnings to fixed charges 4.1 3.4 3.1 (a) 1.2 1.7
(a) Earnings were insufficient to cover fixed charges by $2.7 million for the
fiscal year ended December 28, 1997.
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