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Filing tables
Filing exhibits
- F-4 Registration of securities (foreign)
- 3.1 Certificate of Incorporation on Re-registration of a Private Company
- 3.2 Memorandum of Association of Britannia Bulk PLC Dated August 10, 2004
- 3.3 Articles of Association of Britannia Bulk PLC Dated August 10, 2004
- 4.1 Registration Rights Agreement Dated As of November 16, 2006
- 4.2 Indenture Dated As of November 16, 2004
- 4.4 First Supplemental Indenture Dated As of February 6, 2007
- 4.5 Second Supplemental Indenture Dated As of February 9, 2007
- 5.1 Opinion of Vinson & Elkins L.L.P.
- 5.2 Opinion of Vinson & Elkins R.L.L.P. Regarding English Law
- 5.3 Opinion of Kromann Reumert Regarding Danish Law
- 5.4 Opinion of Vives Y Asociados Regarding Panamanian Law
- 5.5 Opinion of Feinzaig, Scharf and Van Der Putten Regarding Costa Rican Law
- 10.1 Form of First Preferred Ship Mortgage Dated As of November 16, 2006
- 10.2 Form of Assignment of Insurances Dated As of November 16, 2006
- 10.3 Form of Assignment of Earnings Dated As of November 16, 2006
- 12.1 Computation of Ratio of Earnings to Fixed Charges
- 21.1 List of Subsidiaries
- 23.1 Consent of Moore Stephens Hays LLP
- 25.1 Statement of Eligibility on Form T-1
Filing view
External links
EXHIBIT 12.1
Britannia Bulk Plc
Ratio of Earnings to Fixed Charges
|
| Six- |
| Years Ended December 31, |
| ||||||||
|
| 2006 |
| 2005 |
| 2004 |
| 2003 |
| ||||
|
| ($ in thousands) |
| ||||||||||
EARNINGS |
|
|
|
|
|
|
|
|
| ||||
Pretax income (loss) |
| $ | 1,978 |
| $ | 8,560 |
| $ | 7,628 |
| $ | (4 | ) |
Fixed charges (computed below) |
| 1,025 |
| 1,537 |
| 435 |
| 0 |
| ||||
Less capitalized interest |
| 0 |
| 0 |
| 0 |
| 0 |
| ||||
Total adjusted earnings |
| $ | 3,003 |
| $ | 10,097 |
| $ | 8,063 |
| $ | (4 | ) |
|
|
|
|
|
|
|
|
|
| ||||
FIXED CHARGES |
|
|
|
|
|
|
|
|
| ||||
Interest expensed |
| $ | 892 |
| $ | 1,353 |
| $ | 271 |
| $ | 0 |
|
Interest capitalized |
| 0 |
| 0 |
| 0 |
| 0 |
| ||||
Amortization of borrowing costs |
| 133 |
| 184 |
| 164 |
| 0 |
| ||||
Estimate of interest in rent expense |
| 0 |
| 0 |
| 0 |
| 0 |
| ||||
Total fixed charges (B) |
| $ | 1,025 |
| $ | 1,537 |
| $ | 435 |
| $ | 0 |
|
|
|
|
|
|
|
|
|
|
| ||||
RATIO OF EARNINGS TO FIXED CHARGES (A) DIVIDED BY (B) |
| 3X |
| 7X |
| 19X |
| 0X |
| ||||
Excess Amount |
| $ | 1,978 |
| $ | 8,560 |
| $ | 7,628 |
| $ | (4 | ) |