Exhibit 12.1

Calculation of Ratio of Earnings to Fixed Charges



|                                                 |  |                         |  |                              |        |                                |   |      |                         |        |                         |   |      |   |        |  |   |  |   |        |   |  |   |        |  |   |  |   |        |  
|------------------------------------------------ |  | ----------------------- |  | ---------------------------- | ------ | ------------------------------ | - | ---- | ----------------------- | ------ | ----------------------- | - | ---- | - | ------ |  | - |  | - | ------ | - |  | - | ------ |  | - |  | - | ------ | -
|                                                 |  | Year Ended December 31, |  | January 1, 2004to August 13, |        | August 14, 2004to December 31, |   |      | Year ended December 31, |        | Year ended December 31, |  
|(dollars in millions)                            |  | 2002                    |  | 2003                         |        | 2004                           |   | 2004 |                         |        | 2005                    |   | 2006 |  
|Earnings                                         |  |                         |  |                              |        |                                |   |      |                         |        |                         |   |      |   |        |  |   |  |   |        |   |  |   |        |  |   |  |   |        |  
|Income (loss) before provision for income taxes  |  |                         |  | $                            | 53,624 |                                |   |      | $                       | 11,861 |                         |   |      | $ | 24,262 |  |   |  | $ | (4,481 | ) |  | $ | 8,494  |  |   |  | $ | (3,497 | )
|Plus: fixed charges                              |  |                         |  |                              | 5,939  |                                |   |      |                         | 5,536  |                         |   |      |   | 3,879  |  |   |  |   | 11,689 |   |  |   | 36,292 |  |   |  | $ | 38,830 |  
|                                                 |  |                         |  |                              |        |                                |   |      |                         |        |                         |   |      |   |        |  |   |  |   |        |   |  |   |        |  |   |  |   |        |  
|                                                 |  |                         |  | $                            | 59,563 |                                |   |      | $                       | 17,397 |                         |   |      | $ | 28,141 |  |   |  | $ | 7,208  |   |  | $ | 44,786 |  |   |  | $ | 35,333 |  
|                                                 |  |                         |  |                              |        |                                |   |      |                         |        |                         |   |      |   |        |  |   |  |   |        |   |  |   |        |  |   |  |   |        |  
|Fixed Charges:                                   |  |                         |  |                              |        |                                |   |      |                         |        |                         |   |      |   |        |  |   |  |   |        |   |  |   |        |  |   |  |   |        |  
|Gross Interest expense                           |  |                         |  |                              | 4,242  |                                |   |      |                         | 3,530  |                         |   |      |   | 3,098  |  |   |  |   | 11,224 |   |  |   | 34,517 |  |   |  | $ | 37,318 |  
|Estimate of the interest within operating leases |  |                         |  |                              | 1,697  |                                |   |      |                         | 2,006  |                         |   |      |   | 781    |  |   |  |   | 465    |   |  |   | 1,775  |  |   |  | $ | 1,512  |  
|                                                 |  |                         |  |                              |        |                                |   |      |                         |        |                         |   |      |   |        |  |   |  |   |        |   |  |   |        |  |   |  |   |        |  
|                                                 |  |                         |  | $                            | 5,939  |                                |   |      | $                       | 5,536  |                         |   |      | $ | 3,879  |  |   |  | $ | 11,689 |   |  | $ | 36,292 |  |   |  | $ | 38,830 |  
|                                                 |  |                         |  |                              |        |                                |   |      |                         |        |                         |   |      |   |        |  |   |  |   |        |   |  |   |        |  |   |  |   |        |  
|Ratio of earnings to fixed charges               |  | x                       |  |                              | 10.0   |                                | x |      |                         | 3.1    |                         | x |      |   | 7.3    |  | x |  |   | *      |   |  |   | 1.2    |  | x |  |   | *      |  
|                                                 |  |                         |  |                              |        |                                |   |      |                         |        |                         |   |      |   |        |  |   |  |   |        |   |  |   |        |  |   |  |   |        |  

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|* | Due the losses for the period August 14, 2004 through December 31, 2004 and for the year ended December 31, 2006, the coverage ratio was less than 1:1. Innophos must
generate additional earnings of $4,481 and $3,497 for the period August 14, 2004 through December 31, 2004 and the year ended December 31, 2006 respectively, to achieve a ratio of 1:1 for those periods.
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