Portola Allied Tool S-4 Registration of securities issued in business combination transactions

Exhibit 12.01

Portola Packaging, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
(in thousands, except ratios)

For the six-month periods ended February 29, 2004 and February 28, 2003
and the years ended August 31, 2003, 2002, 2001, 2000 and 1999

	Six months			Six months
	ended			ended			Year ended August 31,
	2/29/2004			2/28/2003			2003			2002		2001		2000			1999
Fixed Charges:
Interest expense	$	7,410		$	6,268		$	12,544		$	13,251	$	14,453	$	14,486		$	14,443
Debt financing costs		1,560			373			777			756		718		428			546
Rent expense		662			567			1,113			1,122		1,187		817			740
Total fixed costs		9,632			7,208			14,434			15,129		16,358		15,731			15,729
Add: Capitalized interest		—			—			—			—		—		114			—
Net fixed charges		9,632			7,208			14,434			15,129		16,358		15,845			15,729
Earnings:
Net loss		(11,730	)		(2,408	)		(1,731	)		4,573		1,030		(3,743	)		(616	)
Income tax benefit from extraordinary item		—			—			—			—		—		—			—
Income tax (benefit) provision		742			(1,573	)		2,071			2,242		2,074		(2,165	)		(352	)
Net fixed charges		9,632			7,208			14,434			15,129		16,358		15,845			15,729
Total earnings		(1,356	)		3,227			14,774			21,944		19,462		9,937			14,761
Ratio of earnings to fixed charges (1)		(0.1	)		0.4			1.0			1.5		1.2		0.6			0.9

(1) The amounts of the deficiency in earnings available to cover fixed charges from a ratio of 1.0x (in thousands) are $10,988, $3,981, $5,908 and $968 for the six months ended February 29, 2004, the six months ended February 28, 2003 and the years ended August 31, 2000 and 1999, respectively.