EXHIBIT 12.1

6922767 Holding S.à r.l.

Ratio of Earnings to Fixed Charges

(Dollars in thousands)



|                                                                                                                                                                          |  |                                      |         |     |      |   |                                   |      |  |                                      |         |     |  |   |          |      |  |  |      |   |         |     |  |   |         |    
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ------------------------------------ | ------- | --- | ---- | - | --------------------------------- | ---- |  | ------------------------------------ | ------- | --- |  | - | -------- | ---- |  |  | ---- | - | ------- | --- |  | - | ------- | ---
|                                                                                                                                                                          |  | Successor                            |         |     |      |   | Predecessor                       |     
|                                                                                                                                                                          |  | As at and for theyear endedApril 30, |         |     |      |   | Period fromMay 1, toSeptember 15, |      |  | As at and for theyear endedApril 30, |        
|                                                                                                                                                                          |  | 2012                                 |         |     | 2011 |   |                                   | 2010 |  |                                      | 2009    |     |  |   |          | 2008 |  |  | 2008 |  
|Fixed Charges:                                                                                                                                                            |  |                                      |         |     |      |   |                                   |      |  |                                      |         |     |  |   |          |      |  |  |      |   |         |     |  |   |         |    
|                                                                                                                                                                          |  |                                      |         |     |      |   |                                  
|Interest, including amortization of deferred financing charges, discounts and other charges                                                                               |  | $                                    | 132,871 |     |      | $ | 153,389                           |      |  | $                                    | 84,969  |     |  | $ | 46,416   |      |  |  |      | $ | 30,095  |     |  | $ | 63,406  |    
|                                                                                                                                                                          |  |                                      |         |     |      |   |                                  
|Interest portion of rental payments                                                                                                                                       |  |                                      | 81,084  |     |      |   | 77,273                            |      |  |                                      | 70,483  |     |  |   | 48,959   |      |  |  |      |   | 28,772  |     |  |   | 71,277  |    
|                                                                                                                                                                          |  |                                      |         |     |      |   |                                  
|Total fixed charges                                                                                                                                                       |  | $                                    | 213,955 |     |      | $ | 230,662                           |      |  | $                                    | 155,452 |     |  | $ | 95,375   |      |  |  |      | $ | 58,867  |     |  | $ | 134,683 |    
|                                                                                                                                                                          |  |                                      |         |     |      |   |                                  
|Loss from continuing operations before income taxes and earnings from equity accounted investees, plus distributed income from
equity investees less capitalized interest |  | $                                    | (33,520 | )   |      | $ | (97,142                           | )    |  | $                                    | (65,930 | )   |  | $ | (714,452 | )    |  |  |      | $ | (61,125 | )   |  | $ | (4,576  | )  
|                                                                                                                                                                          |  |                                      |         |     |      |   |                                  
|Plus: fixed charges (calculated above)                                                                                                                                    |  |                                      | 213,995 |     |      |   | 230,662                           |      |  |                                      | 155,452 |     |  |   | 95,375   |      |  |  |      |   | 58,867  |     |  |   | 134,683 |    
|                                                                                                                                                                          |  |                                      |         |     |      |   |                                  
|Earnings available to cover fixed charges                                                                                                                                 |  | $                                    | 180,435 |     |      | $ | 133,520                           |      |  | $                                    | 89,522  |     |  | $ | (619,077 | )    |  |  |      | $ | (2,258  | )   |  | $ | 130,107 |    
|                                                                                                                                                                          |  |                                      |         |     |      |   |                                  
|Ratio of earnings to fixed charges                                                                                                                                        |  |                                      |        | (1) |      |   |                                  | (2)  |  |                                      |        | (3) |  |   |         | (4)  |  |  |      |   |        | (5) |  |   |        | (6)



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