Exhibit 12.1



|                                                 |  |              |        |   |                                |   |        |                              |  |   |              |   |  |      |        |   |      |   |        |   |  |   |        |  
|------------------------------------------------ |  | ------------ | ------ | - | ------------------------------ | - | ------ | ---------------------------- |  | - | ------------ | - |  | ---- | ------ | - | ---- | - | ------ | - |  | - | ------ | -
|                                                 |  | December 31, |        |   | August 14, 2004to December 31, |   |        | January 1, 2004to August 13, |  |   | December 31, |  
|(dollars in millions)                            |  | 2007         |        |   | 2006                           |   |        | 2005                         |  |   | 2004         |   |  | 2004 |        |   | 2003 |  
|Earnings                                         |  |              |        |   |                                |   |        |                              |  |   |              |   |  |      |        |   |      |   |        |   |  |   |        |  
|Income (loss) before provision for income taxes  |  | $            | 17,400 |   |                                | $ | (3,497 | )                            |  | $ | 8,494        |   |  | $    | (4,481 | ) |      | $ | 24,262 |   |  | $ | 11,861 |  
|Plus: fixed charges (1)                          |  |              | 33,826 |   |                                |   | 38,831 |                              |  |   | 36,292       |   |  |      | 11,689 |   |      |   | 3,879  |   |  |   | 5,536  |  
|                                                 |  |              |        |   |                                |   |        |                              |  |   |              |   |  |      |        |   |      |   |        |   |  |   |        |  
|                                                 |  | $            | 51,226 |   |                                | $ | 35,334 |                              |  | $ | 44,786       |   |  | $    | 7,208  |   |      | $ | 28,141 |   |  | $ | 17,397 |  
|                                                 |  |              |        |   |                                |   |        |                              |  |   |              |   |  |      |        |   |      |   |        |   |  |   |        |  
|Fixed Charges:                                   |  |              |        |   |                                |   |        |                              |  |   |              |   |  |      |        |   |      |   |        |   |  |   |        |  
|Gross interest expense                           |  |              | 32,347 |   |                                |   | 37,319 |                              |  |   | 34,517       |   |  |      | 11,224 |   |      |   | 3,098  |   |  |   | 3,530  |  
|Estimate of the interest within operating leases |  |              | 1,479  |   |                                |   | 1,512  |                              |  |   | 1,775        |   |  |      | 465    |   |      |   | 781    |   |  |   | 2,006  |  
|                                                 |  |              |        |   |                                |   |        |                              |  |   |              |   |  |      |        |   |      |   |        |   |  |   |        |  
|                                                 |  | $            | 33,826 |   |                                | $ | 38,831 |                              |  | $ | 36,292       |   |  | $    | 11,689 |   |      | $ | 3,879  |   |  | $ | 5,536  |  
|                                                 |  |              |        |   |                                |   |        |                              |  |   |              |   |  |      |        |   |      |   |        |   |  |   |        |  
|Ratio of earnings to fixed charges               |  |              | 1.5    | x |                                |   | *      |                              |  |   | 1.2          | x |  |      | *      |   |      |   | 7.3    | x |  |   | 3.1    | x
|                                                 |  |              |        |   |                                |   |        |                              |  |   |              |   |  |      |        |   |      |   |        |   |  |   |        |  



|(1) | For purposes of calculating the ratio of earnings to fixed charges, earnings represent income before income taxes plus fixed charges. Fixed charges consist of interest expense and
one-third of operating rental expenses which management believes is representative of the interest component of rent expense.
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|* | Due the losses for 2006 and the period August 14, 2004 through December 31, 2004 the coverage ratio was less than 1:1. Innophos must generate additional earnings of $3,497
for 2006 and $4,481 for the period August 14, 2004 through December 31, 2004 respectively, to achieve a ratio of 1:1 for those periods.
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