.
.
.
EXHIBIT 12.1
BEAUCELAND CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
Beauceland
Predecessor Corporation
---------------------------------------------------------------------------- -----------
Period from
Six Months March 1 Period from
Ended to June 4 to
August 31, June 3, August 31,
2000 2001 2002 2003 2004 2004 PF 2003 2004 2004
------------------------------------------------------------------------------------------
Net income 16,028 11,818 14,590 25,425 31,951 20,757 21,417 1,796 11,338
Provision for income taxes 7,402 5,672 8,034 15,699 14,247 8,807 10,318 1,572 1,537
Fixed charges 4,028 7,264 5,843 5,551 7,069 28,101 3,489 1,894 6,584
------------------------------------------------------------------------------------------
27,458 24,754 28,467 46,675 53,267 57,665 35,224 5,262 19,459
- ------------------------------------------------------------------------------------------------------------------------------------
Fixed charges
Interest expensed or capitalized 2,725 5,552 3,875 3,547 4,380 25,412 2,144 1,200 5,928
Interest component of the rental expense 1,303 1,712 1,968 2,004 2,689 2,689 1,345 694 656
------------------------------------------------------------------------------------------
4,028 7,264 5,843 5,551 7,069 28,101 3,489 1,894 6,584
- ------------------------------------------------------------------------------------------------------------------------------------
Ratio 6.8 3.4 4.9 8.4 7.5 2.1 10.1 2.8 3.0
====================================================================================================================================