Synutra International (SYUT) S-3 Shelf registration

Exhibit 12.1

SYNUTRA INTERNATIONAL, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(In thousands, except ratios)

	Six Months Ended September 30,			Year Ended March 31,												Three Months Ended March 31,						Year Ended December 31,
	2009			2009			2008			2007			2006			2005			2004			2004
Fixed charges:
Interest expense	$	5,166		$	4,857		$	6,354		$	1,896		$	1,784		$	183		$	145		$	638
Capitalized interest		346			1,424			848			726			481			67			22			169
Estimation of the interest within rental expense		254			468			163			105			70			-			-			-
Total fixed charges	$	5,766		$	6,749		$	7,365		$	2,727		$	2,335		$	250		$	167		$	807
Earnings:
Add:
Income (loss) before income tax	$	(32,187	)	$	(130,975	)	$	53,527		$	21,470		$	12,482		$	3,103		$	1,441		$	2,294
Fixed charges (calculated above)		5,766			6,749			7,365			2,727			2,335			250			167			807
Amortization of capitalized interest		109			179			144			18			-			-			-			-
Deduct:
Noncontrolling interest		88			40			(11	)		-			-			-			-			-
Capitalized interest		(346	)		(1,424	)		(848	)		(726	)		(481	)		(67	)		(22	)		(169	)
Total earnings	$	(26,570	)	$	(125,431	)	$	60,177		$	23,489		$	14,336		$	3,286		$	1,586		$	2,932
Ratio of Earnings to Fixed Charges (1)		-			-			8.2	x		8.6	x		6.1	x		13.1	x		9.5	x		3.6	x

(1) For purposes of this calculation, “Earnings” is Income (loss) before income taxes plus Fixed Charges and Amortization of capitalized interest less Noncontrolling interest and Capitalized interest. “Fixed Charges” is Interest expense plus Capitalized interest and Estimation of the interest within rental expense.  Earnings were insufficient to cover fixed charges by $32.3 million and $132.2 million, for the six months ended September 30, 2009 and the fiscal year ended March 31, 2009, respectively.