EXHIBIT 12.1
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Nine Months ended March 31, | Years Ended June 30, | |||||||||||||||||||
2010* | 2009 | 2009 | 2008 | 2007 | ||||||||||||||||
Earnings: | ||||||||||||||||||||
Income (loss) before income taxes and noncontrolling interests | $ | 17,941,649 | $ | 11,643,894 | $ | 16,795,970 | $ | 8,471,001 | $ | 7,213,754 | ||||||||||
Fixed charges (see below) | $ | 112,457 | $ | 560,257 | $ | 632,446 | $ | 933,053 | $ | 361,254 | ||||||||||
Interest capitalized | ||||||||||||||||||||
Total earnings for computation of ratio | $ | 18,054,106 | $ | 12,204,151 | $ | 17,428,416 | $ | 9,404,054 | $ | 7,575,008 | ||||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense | $ | 112,457 | $ | 560,257 | $ | 632,446 | $ | 933,053 | $ | 361,254 | ||||||||||
Interest capitalized | - | - | - | - | - | |||||||||||||||
Finance charges from early retirement benefits cost | - | - | - | - | - | |||||||||||||||
Bills discounting charges | - | - | - | - | - | |||||||||||||||
Estimated interest portion of rental expense | - | - | - | - | - | |||||||||||||||
Total fixed charges | $ | 112,457 | $ | 560,257 | $ | 632,446 | $ | 933,053 | $ | 361,254 | ||||||||||
Earnings to fixed charges | 160.5 | 21.8 | 27.6 | 10.1 | 21.0 |
* The Company’s fiscal year-end is June 30.