Premium Standard Farms Inc/New, et al. – ‘S-4/A’ on 8/10/01 – EX-12.1

On:  Friday, 8/10/01, at 3:21pm ET   ·   Accession #:  950123-1-505348   ·   File #s:  333-64180, -01, -02, -03, -04   ·   Correction:  This Filing was Corrected by the SEC on 11/27/02. ®

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Pre-Effective Amendment to Registration of Securities Issued in a Business-Combination Transaction   —   Form S-4
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-4/A       Amendment #1 to S-4: Premium Standard Farms Etal     177    832K 
 2: EX-10.2.B   Long-Term Incentive Plan: Psfarms, Inc.                5     17K 
 3: EX-12.1     Statement Re: Comp of Ratio of Earnings to Fix Chr     1     10K 
 4: EX-23.2     Consent of Arthur Andersen                             1      6K 
 5: EX-23.3     Consent of Kpmg LLP                                    1      6K 

EX-12.1   —   Statement Re: Comp of Ratio of Earnings to Fix Chr

EX-12.1
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                                                                    Exhibit 12.1

PSF GROUP HOLDINGS, INC.                                                        
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES                               

                                                        [Enlarge/Download Table]

                                                                                            PRO FORMA FOR      FOR THE    
                                    FOR THE PERIOD             FISCAL YEARS ENDED          THE FISCAL YEAR     QUARTER    
                                    MAY 13, 1998 TO                                              ENDED          ENDED     
                                    MARCH 27, 1999   MARCH 25, 2000        MARCH 31, 2001    MARCH 31, 2001  JUNE 30, 2001
                                                             (DOLLARS IN THOUSANDS)                                       

                                                                                                                          

Earnings(loss) from continuing                                                                                            
  operations(a)                          (52,922)         (6,986)                37,140          32,213          17,445   
                                         -------          ------                 ------          ------          ------   
Fixed Charges                                                                                                             
Interest Expense                          17,883          21,265                 24,141          27,952           6,720   
Debt Expense and Amortization                180             280                    743             743             207   
Interest Factor of Rental Expense            223             292                    402             462             126   
                                         -------          ------                 ------          ------          ------   

Total Fixed Charges                       18,286          21,837                 25,286          29,157           7,053   
                                         -------          ------                 ------          ------          ------   

Earnings (b)                             (34,636)         14,851                 62,426          61,370          24,498   
                                         =======          ======                 ======          ======          ======   

Ratio of Earnings to Fixed Charges            (c)             (d)                  2.47            2.10            3.47   

(a) earnings(loss) from continuing operations consists of net income(loss)      
before income taxes adjusted for minority interest and undistributed earnings or
losses from equity investees.                                                   

(b) earnings include net income(loss) before income taxes and fixed charges.    
Fixed charges consist of all interest on indebtedness, amortization of debt     
expense, and the portion of rental expense which represents an interest factor  
in these rentals at an assumed rate of 11%.                                     

(c) For the period ended March 27, 1999 the company's earnings were insufficient
to cover fixed charges by $52.9 million.                                        

(d) For the fiscal year ended 2000 the company's earnings were insufficient to  
cover fixed charges by $7.0 million.                                            

Dates Referenced Herein

This ‘S-4/A’ Filing		Date		Other Filings
Corrected on:		11/27/02		None on these Dates
Filed on:		8/10/01
		6/30/01
		3/31/01
		3/25/00
		3/27/99
		5/13/98
				List all Filings