Exhibit 12.1

Calculation of Ratio of Earnings to Fixed Charges



|                                                     |  |                        |        |   |                              |   |        |                                |  |   |                        |   |  |      |        |   |  |   |        |  
|---------------------------------------------------- |  | ---------------------- | ------ | - | ---------------------------- | - | ------ | ------------------------------ |  | - | ---------------------- | - |  | ---- | ------ | - |  | - | ------ | -
|                                                     |  | Year EndedDecember 31, |        |   | January 1, 2004 toAugust 13, |   |        | August 14, 2004 toDecember 31, |  |   | Year EndedDecember 31, |  
|(dollars in millions)                                |  | 2002                   |        |   | 2003                         |   |        | 2004                           |  |   | 2004                   |   |  | 2005 |       
|Earnings                                             |  |                        |        |   |                              |   |        |                                |  |   |                        |   |  |      |        |   |  |   |        |  
|Income (loss) before provision for income taxes      |  | $                      | 53,624 |   |                              | $ | 11,861 |                                |  | $ | 24,262                 |   |  | $    | (4,481 | ) |  | $ | (4,980 | )
|Plus: fixed charges                                  |  |                        | 5,939  |   |                              |   | 5,536  |                                |  |   | 3,879                  |   |  |      | 11,689 |   |  |   | 49,766 |  
|                                                     |  |                        |        |   |                              |   |        |                                |  |   |                        |   |  |      |        |   |  |   |        |  
|                                                     |  | $                      | 59,563 |   |                              | $ | 17,397 |                                |  | $ | 28,141                 |   |  | $    | 7,208  |   |  |   | 44,786 |  
|                                                     |  |                        |        |   |                              |   |        |                                |  |   |                        |   |  |      |        |   |  |   |        |  
|Fixed Charges:                                       |  |                        |        |   |                              |   |        |                                |  |   |                        |   |  |      |        |   |  |   |        |  
|Gross Interest expense                               |  |                        | 4,242  |   |                              |   | 3,530  |                                |  |   | 3,098                  |   |  |      | 11,224 |   |  |   | 47,991 |  
|Estimate of the interest within operating leases (1) |  |                        | 1,697  |   |                              |   | 2,006  |                                |  |   | 781                    |   |  |      | 465    |   |  |   | 1,775  |  
|                                                     |  |                        |        |   |                              |   |        |                                |  |   |                        |   |  |      |        |   |  |   |        |  
|                                                     |  | $                      | 5,939  |   |                              | $ | 5,536  |                                |  | $ | 3,879                  |   |  | $    | 11,689 |   |  | $ | 49,766 |  
|                                                     |  |                        |        |   |                              |   |        |                                |  |   |                        |   |  |      |        |   |  |   |        |  
|Ratio of earnings to fixed charges                   |  |                        | 10.0   | x |                              |   | 3.1    | x                              |  |   | 7.3                    | x |  |      | *      |   |  |   | *      |  
|                                                     |  |                        |        |   |                              |   |        |                                |  |   |                        |   |  |      |        |   |  |   |        |  

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|* | Due to the losses for the period August 14, 2004 through December 31, 2004, and 2005 the coverage ratio was less than 1:1. Innophos would have to generate additional
earnings of $4,481 for the period August 14, 2004 through December 31, 2004, and $4,980 in 2005, to achieve a ratio of 1:1.
|- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(1) | Represents one-third of operating rental expenses which management believes is representative of the interest component of rent expense.
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