Kinetek, Inc. Schedule of Valuation and Qualifying Accounts and Computation of Earnings to Fixed Charges Ratios

Summary

This document presents Kinetek, Inc.'s annual schedules for valuation and qualifying accounts, including allowances for doubtful accounts and reserves for inventory obsolescence, for the years 2000 to 2002. It also details the company's computation of the ratio of earnings to fixed charges, showing interest and rental expenses, pre-tax income, and the resulting ratios for each year. The document is a financial disclosure required for SEC filings and does not create obligations between parties.

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EX-10.1 3 ex-121.txt
Exhibit 12.1 Schedule II KINETEK, INC. VALUATION AND QUALIFYING ACCOUNTS (dollars in thousands) Additions Balance at Additions Charged to Write Offs Balance at Beginning due to Costs and Net of end of of Period acquisitions Expenses Recoveries Other(1) Period --------- ------------- -------- ---------- -------- ------ December 31, 2002: Allowance for doubtful accounts $2,907 1,868 482 (811) (57) $4,389 Reserve for inventory obsolescence $2,630 1,065 206 (1,275) 14 $2,640 December 31, 2001: Allowance for doubtful accounts $1,891 0 1,500 (299) (187) $2,907 Reserve for inventory obsolescence $2,009 0 1,020 (39) (360) $2,630 December 31, 2000: Allowance for doubtful accounts $850 0 1,433 (300) (92) $1,891 Reserve for inventory obsolescence $1,211 0 1,180 (302) (80) $2,009 (1) Resulting from foreign currency translations
KINETEK, INC. COMPUTATIONS OF THE RATIOS OF EARNINGS TO FIXED CHARGES (dollars in thousands) Year Ended December 31, ---------------------------------- 2002 2001 2000 ---- ---- ---- Fixed Charges Interest expense $35,231 $32,174 $33,115 Rental expense included in fixed charges 1,183 1,255 1,051 Total fixed charges 36,414 33,429 34,166 Earnings Pre-tax income 3,829 5,311 3,367 Plus: fixed charges 36,414 33,429 34,166 ------- ------- ------- Total Earnings $40,243 $38,740 $37,533 Ratio of earnings to fixed charges 1.1 1.2 1.1 === === ===