EXHIBIT 12.1
Jafra Cosmetics
Computation of Ratio of Earnings to Fixed Charges
Pro Forma
Nine Months Four Months Five Months Nine Months
Ended Ended Ended Ended
Year ended December 31, Pro Forma September 30, April 30, September 30, September 30,
1993 1994 1995 1996 1997 1997 1997 1998 1998 1998
Income (loss) before
income tax
benefit (expense) A 50.5 31.4 38.9 10.0 20.3 (2.9) 14.6 7.0 (5.2) (3.3)
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Fixed Charges:
Interest including
amortization of debt
issuance costs 0.9 1.0 0.6 0.5 0.5 17.7 0.3 0.2 7.2 13.0
Interest portion of
rent expense 1.2 2.8 1.2 1.6 1.2 1.2 0.6 0.2 0.3 0.5
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Total Fixed Charges B 2.1 3.8 1.8 2.1 1.7 18.9 0.9 0.4 7.5 13.5
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Earnings,
as defined C = (A+B) 52.6 35.2 40.7 12.1 22.0 16.0 15.5 7.4 2.3 10.2
Ratio of earnings
for fixed charges C/B 25.0 9.3 22.6 5.8 12.9 (i) 17.2 18.5 (i) (i)
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(i) For the pro forma year ended December 31, 1997, the five months ended
September 30, 1998, and the pro forma nine months ended September 30, 1998,
earnings before income taxes and fixed changes were insufficient to cover fixed
charges by 2.9, 5.2 and 3.3, respectively.