EX-12 6 ex12.htm 10-K Ex12


 

Exhibit 12

 

 

 

 

Alliance One International, Inc. and Subsidiaries

 

RATIO OF EARNINGS TO FIXED CHARGES

 

 

 

 

Nine Months

 

 

Years Ended March 31,

Ended

Year Ended

(in thousands)

2007

2006

2005

March 31, 2004

June 30, 2003

 

 

 

 

 

 

Pretax income from continuing operations

$13,086   

$(442,088)   

$37,380     

$(17,400)

$37,926 

 

 

 

 

 

 

Distributed income of equity investees

109   

-    

-     

88 

691 

 

 

 

 

 

 

Fixed charges

109,834   

112,796    

57,500     

35,514 

51,623 

 

 

 

 

 

 

Earnings

$123,029   

$(329,292)   

$94,880     

$18,202 

$90,240 

 

 

 

 

 

 

Interest

103,436   

107,258    

55,053     

34,237 

49,418 

 

 

 

 

 

 

Amortization of charges and other

6,398   

5,538    

2,447     

1,277 

2,205 

 

 

 

 

 

 

Fixed Charges

$109,834   

$112,796    

$57,500     

$35,514 

$51,623 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

1.12   

N/A    

1.65     

N/A 

1.75 

 

 

 

 

 

 

Coverage Deficiency

N/A   

$442,088    

N/A     

$17,312 

N/A