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.