Exhibit 12.1

TWI Holdings Inc

Ratio of Earnings To Fixed Charges (unaudited)

	Pre-Predecessor			Predecessor			TWI Holdings		TWI Holdings	Combined	TWI Holdings
	(a)	(a)	(a)							(b)	(b)
	Twelve Months Ended April 30, 1998	Twelve Months Ended April 30, 1999	Eight Months ended December 31, 1999	Twelve Months Ended December 31, 2000	Twelve Months Ended December 31, 2001	Period from January 1, 2002 to October 31, 2002	Period from November 1, 2002 to December 31, 2002		Nine Months Ended September 30, 2003	Proforma As Adjusted Twelve Months Ended December 30, 2002	Proforma As Adjusted Nine Months Ended September 30, 2003
FIXED CHARGES:
Interest Expense	—	—	—	4,626,238	6,952,564	6,604,562	3,046,460		11,413,846	22,375,022	19,795,846
Interest Portion of Rental Expense (c)	—	—	—	70,193	44,987	105,365	4,358		168,219	155,477	168,219
Amortization of debt issue costs and
Discount or Premium Relating to Indebtedness	—	—	—	—	159,073	1,115,608	370,969		2,758,484	2,927,577	3,692,484
TOTAL FIXED CHARGES	—	—	—	4,696,431	7,156,624	7,825,535	3,421,787		14,340,549	25,458,076	23,658,549
EARNINGS:
Income From Continuing Operation
Before Income Taxes	—	—	—	19,265,000	23,500,000	32,377,000	(1,965,000	)	47,301,405	16,247,000	37,985,405
Fixed charges	—	—	—	4,696,431	7,156,624	7,825,535	3,421,787		14,340,549	25,458,076	23,656,549
TOTAL	—	—	—	23,961,431	30,656,624	40,202,535	1,456,787		61,641,954	41,705,076	61,641,954
RATIO OF EARNINGS TO FIXED CHARGES	—	—	—	5.10	4.28	5.14	0.43		4.30	1.64	2.61

(a) The pre-predecessor consolidated information is unavailable for these periods.

(b) To give effect to the reduction in interest expense due to refinancing.

(c) Interest portion of rental expense is based upon an average imputed interest rate of 11.1% within the Company’s operating leases.