Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - ZHONGPIN INC. | Financial_Report.xls |
| 10-K - FORM 10-K - ZHONGPIN INC. | v303655_10k.htm |
| EX-23.2 - EXHIBIT 23.2 - ZHONGPIN INC. | v303655_ex23-2.htm |
| EX-32.1 - EXHIBIT 32.1 - ZHONGPIN INC. | v303655_ex32-1.htm |
| EX-31.1 - EXHIBIT 31.1 - ZHONGPIN INC. | v303655_ex31-1.htm |
| EX-21.1 - EXHIBIT 21.1 - ZHONGPIN INC. | v303655_ex21-1.htm |
| EX-23.1 - EXHIBIT 23.1 - ZHONGPIN INC. | v303655_ex23-1.htm |
| EX-32.2 - EXHIBIT 32.2 - ZHONGPIN INC. | v303655_ex32-2.htm |
| EX-10.2 - EXHIBIT 10.2 - ZHONGPIN INC. | v303655_ex10-2.htm |
| EX-31.2 - EXHIBIT 31.2 - ZHONGPIN INC. | v303655_ex31-2.htm |
Exhibit 12.1
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
AND RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
| Year Ended December 31, | ||||||||||||||||||||
| 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||
| Fixed Charges: | ||||||||||||||||||||
| Interest expense | $ | 23,544,582 | $ | 8,467,651 | $ | 7,118,461 | $ | 4,787,748 | $ | 2,799,194 | ||||||||||
| Imputed interest on the rental expenses | $ | 21,036 | $ | 44,325 | $ | 54,301 | $ | 210,437 | $ | 130,516 | ||||||||||
| Amortized premiums, discounts and capitalized expenses related to indebtedness | — | — | — | — | — | |||||||||||||||
| An estimate of the interest within rental expense | — | — | — | — | — | |||||||||||||||
| Preference security dividend requirements of consolidated subsidiaries | — | — | — | — | — | |||||||||||||||
| Total fixed charges | $ | 23,565,618 | $ | 8,511,976 | $ | 7,172,762 | $ | 4,998,185 | $ | 2,929,710 | ||||||||||
| Preference Security Dividend: | — | — | — | — | — | |||||||||||||||
| Earnings: | ||||||||||||||||||||
| pre-tax income | $ | 69,023,073 | $ | 62,513,493 | $ | 49,409,448 | $ | 33,845,605 | $ | 19,956,860 | ||||||||||
| fixed charges | $ | 23,565,618 | $ | 8,511,976 | $ | 7,172,762 | $ | 4,998,185 | $ | 2,929,710 | ||||||||||
| Amortization of capitalized interest | — | — | — | — | — | |||||||||||||||
| distributed income of equity investees | — | — | — | — | — | |||||||||||||||
| share of pre-tax losses of equity investees | — | — | — | — | — | |||||||||||||||
| Less: | ||||||||||||||||||||
| interest capitalized | 196,553 | 1,096,176 | 23,375 | — | — | |||||||||||||||
| preference security dividend requirements of consolidated subsidiaries | — | — | — | — | — | |||||||||||||||
| the non-controlling interest in pre-tax income of subsidiaries that have not incurred fixed charges | — | — | — | — | — | |||||||||||||||
| Total earnings | $ | 92,608,344 | $ | 69,929,293 | $ | 56,558,835 | $ | 38,843,790 | $ | 22,886,570 | ||||||||||
| Ratios | ||||||||||||||||||||
| Earnings to fixed charges | 3.93 | 8.22 | 7.89 | 7.77 | 7.81 | |||||||||||||||
| Sum of fixed charges and preference dividends to earning | 0.25 | 0.12 | 0.13 | 0.13 | 0.13 | |||||||||||||||
| Pro forma ratios (excluding interest expenses) | ||||||||||||||||||||
| Earnings to fixed charges | N/A | N/A | N/A | N/A | N/A | |||||||||||||||
| Sum of fixed charges and preference dividends to earnings | — | — | — | — | — | |||||||||||||||
| Ex. 12.1 |