Exhibit 12.1

Calculation of Ratio of Earnings to Fixed Charges



|                                                    |  |                         |        |  |   |                               |   |        |  |                                 |  |   |                        |      |   |  |      |        |   |  |   |        |  |  |  
|--------------------------------------------------- |  | ----------------------- | ------ |  | - | ----------------------------- | - | ------ |  | ------------------------------- |  | - | ---------------------- | ---- | - |  | ---- | ------ | - |  | - | ------ |  |  | -
|                                                    |  | Year Ended December 31, |        |  |   | January 1, 2004 to August 13, |   |        |  | August 14, 2004 to December 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 | ) |  | $ | 8,494  |  |  |  
|Plus: fixed charges                                 |  |                         | 5,939  |  |   |                               |   | 5,536  |  |                                 |  |   | 3,879                  |      |   |  |      | 11,689 |   |  |   | 36,292 |  |  |  
|                                                    |  |                         |        |  |   |                               |   |        |  |                                 |  |   |                        |      |   |  |      |        |   |  |   |        |  |  |  
|                                                    |  | $                       | 59,563 |  |   |                               | $ | 17,397 |  |                                 |  | $ | 28,141                 |      |   |  | $    | 7,208  |   |  |   | 44,786 |  |  |  
|                                                    |  |                         |        |  |   |                               |   |        |  |                                 |  |   |                        |      |   |  |      |        |   |  |   |        |  |  |  
|Fixed Charges:                                      |  |                         |        |  |   |                               |   |        |  |                                 |  |   |                        |      |   |  |      |        |   |  |   |        |  |  |  
|Gross Interest expense                              |  |                         | 4,242  |  |   |                               |   | 3,530  |  |                                 |  |   | 3,098                  |      |   |  |      | 11,224 |   |  |   | 34,517 |  |  |  
|Estimate of the interest within operating leases(1) |  |                         | 1,697  |  |   |                               |   | 2,006  |  |                                 |  |   | 781                    |      |   |  |      | 465    |   |  |   | 1,775  |  |  |  
|                                                    |  |                         |        |  |   |                               |   |        |  |                                 |  |   |                        |      |   |  |      |        |   |  |   |        |  |  |  
|                                                    |  | $                       | 5,939  |  |   |                               | $ | 5,536  |  |                                 |  | $ | 3,879                  |      |   |  | $    | 11,689 |   |  | $ | 36,292 |  |  |  
|                                                    |  |                         |        |  |   |                               |   |        |  |                                 |  |   |                        |      |   |  |      |        |   |  |   |        |  |  |  
|Ratio of earnings to fixed charges                  |  |                         | 10.0   |  | x |                               |   | 3.1    |  | x                               |  |   | 7.3                    |      | x |  |      | *      |   |  |   | 1.2    |  |  | x
|                                                    |  |                         |        |  |   |                               |   |        |  |                                 |  |   |                        |      |   |  |      |        |   |  |   |        |  |  |  

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|* | Due to the losses for the period August 14, 2004 through December 31, 2004, the coverage ratio was less than 1:1. Innophos had to generate additional earnings of $4,481
for the period August 14, 2004 through December 31, 2004, respectively, to achieve a ratio of 1:1.
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|(1) | Represents one-third of operating rental expenses which management believes is representative of the interest component of rent expense.
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