EX-12.1 15 d427969dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES. Computation of Ratio of Earnings to Fixed Charges.

Exhibit 12.1

6922767 Holding S.à r.l.

Ratio of Earnings to Fixed Charges

(Dollars in thousands)

 

     Successor     Predecessor  
     As at and for the
three months ended
July 31,		     As at and for the
year ended
April 30,		     Period from
May 1,  2008 to
September 15,		     As at and
for the year
ended April 30,		  
     2012     2011     2012     2011     2010     2009     2008     2008  

Fixed Charges:

                 

Interest, including amortization of deferred financing charges, discounts and other charges

    $ 34,188      $ 32,859      $ 132,871      $ 153,389      $ 84,969      $ 46,416      $ 30,095      $ 63,406   

Interest portion of rental payments

      20,994        19,155        81,084        77,273        70,483        48,959        28,772        71,277   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total fixed charges

    $ 55,182      $ 52,015      $ 213,955      $ 230,662      $ 155,452      $ 95,375      $ 58,867      $ 134,683   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Loss from continuing operations before income taxes and earnings (loss) from equity accounted investees, plus distributed income from equity investees less capitalized interest

    $ (32,313 )    $ (6,599 )    $ (33,520 )    $ (97,142 )    $ (65,930 )    $ (714,452 )    $ (61,125 )    $ (4,576 ) 

Plus: fixed charges (calculated above)

      55,182        52,015        213,995        230,662        155,452        95,375        58,867        134,683   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Earnings available to cover fixed charges

    $ 22,869      $ 45,416      $ 180,435      $ 133,520      $ 89,522      $ (619,077 )    $ (2,258 )    $ 130,107   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ratio of earnings to fixed charges

      —   (1)      —   (2)      —   (3)      —   (4)      —   (5)      —   (6)      —   (7)      —   (8) 

 

(1) Earnings were insufficient to cover fixed charges by $32.3 million for the three months ended July 31, 2012.

(2) Earnings were insufficient to cover fixed charges by $6.6 million for the three months ended July 31, 2011.
(3) Earnings were insufficient to cover fixed charges by $33.5 million for the year ended April 30, 2012.
(4) Earnings were insufficient to cover fixed charges by $97.1 million for the year ended April 30, 2011.
(5) Earnings were insufficient to cover fixed charges by $65.9 million for the year ended April 30, 2010.
(6) Earnings were insufficient to cover fixed charges by $714.5 million for the year ended April 30, 2009.
(7) Earnings were insufficient to cover fixed charges by $61.1 million for the period from May 1, 2008 to September 15, 2008.
(8) Earnings were insufficient to cover fixed charges by $4.6 million for the year ended April 30, 2008.