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EXHIBIT 12.1
ALTRA INDUSTRIAL MOTION
RATIO OF EARNINGS TO FIXED CHARGES
($ IN 000'S)
PREDECESSOR
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3 MONTHS
ENDED YEAR ENDED FROM 11 MONTHS
MAR. 31, DEC. 31, INCEPTION ENDED YEAR ENDED YEAR ENDED YEAR ENDED
2006 2005 DEC. 1-31, NOV. 30, DEC. 31, DEC. 31, DEC. 31,
(UNAUDITED) (UNAUDITED) 2004 2004 2003 2002 2001
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Net Income (loss)................ $ 4,084 $ 4,444 $ (5,762) $ 6,895 $ (9,306) $(108,223) $ (252)
ADJUSTMENTS TO NET LOSS:
Cummulative effect of change
in accounting principle -
goodwill impairment ........ - - - - - 83,412 -
Loss from discontinued
operations - - - - - 700 1,867
Interest expense.............. 5,176 17,065 1,410 4,294 5,368 5,489 6,655
Interest component of
operating rental expense.... 100 344 56 440 488 472 424
Income taxes.................. 2,822 3,917 (221) 5,532 (1,658) 2,455 4,794
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EARNINGS $12,182 $25,770 $ (4,517) $17,161 $ (5,108) (15,695) $13,488
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Fixed charges
Interest expense.............. $ 5,176 $17,065 $ 1,410 $4,294 $ 5,368 $5,489 $ 6,655
Interest component of
operating rental expense.... 100 344 56 440 488 472 424
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TOTAL FIXED CHARGES.............. $ 5,276 $17,409 $ 1,466 $ 4,734 $ 5,856 5,961 $ 7,079
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RATIO (1) (2).................... 2.31 1.48 - 3.63 - - 1.91
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(1) For purposes of calculating the ratio of earnings to fixed charges,
earnings represent income before income taxes, discontinued operations,
cumulative effect of change in accounting principle charges and fixed
charges. Fixed charges represent interest expense and a portion of rental
expense which we believe is representative of the interest component of
rental expense.
(2) Earnings were insufficient to cover fixed charges in the period December 1
to December 31, 2004, and each of the years ended December 31, 2003 and
2002 by $6.0 million, $11.0 million, and $21.7 million, respectively.