EXHIBIT 12 PLASTIPAK HOLDINGS, INC. COMPUTATION OF RATIO OF EARNING TO FIXED CHARGES (DOLLAR AMOUNTS IN THOUSANDS) NINE MONTHS ENDED 11/1/1997 10/31/1998 10/30/1999 10/28/2000 11/03/2001 8/3/2002 Earnings before income taxes, extraordinary item $ 10,000 $ (2,530) $ 6,503 $ (388) $ 10,431 $13,560 and change in accounting principal Add: Interest on indebtedness 15,063 22,079 27,157 28,390 30,424 28,145 Portion of rents representative of the interest factor 5,045 3,900 4,407 4,241 3,615 2,373 -------------------------------------------------------------------------------- Earnings available for fixed charges $ 30,108 $ 23,449 $ 38,067 $ 32,243 $ 44,470 $44,078 ================================================================================ Fixed Charges: Interest on indebtedness $ 15,063 $ 22,079 $ 27,179 $ 29,633 $ 31,813 $29,313 Portion of rents representative of the interest factor 5,045 3,900 4,407 4,241 3,815 2,373 Total fixed charges $ 20,108 $ 25,979 $ 31,586 $ 33,874 $ 35,628 $31,686 ================================================================================ Ratio of earnings to fixed charges 1.50X 0X 1.21 0X 1.25 1.39 (a) (a) (a) For the years ended October 28, 2000, and October 31, 1998, earnings were inadequate to cover fixed charges by $1,630 and $2,530, respectively.