EXHIBIT 12 PLASTIPAK HOLDINGS, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (DOLLAR AMOUNTS IN THOUSANDS) 10/31/1998 10/30/1999 10/28/2000 11/03/2001 11/2/2002 Earnings before income taxes, extraordinary item $ (2,530) $ 6,503 $ (388) $ 10,431 $ 13,424 and change in accounting principal Add: Interest on indebtedness 22,079 27,157 28,390 30,424 36,517 Portion of rents representative of the interest factor 3,900 4,407 4,241 3,615 3,112 ------------------------------------------------------------- Earnings available for fixed charges $ 23,449 $ 38,067 $ 32,243 $ 44,470 $ 53,053 ============================================================= Fixed Charges: Interest on indebtedness $ 22,079 $ 27,179 $ 29,633 $ 31,813 $ 38,082 Portion of rents representative of the interest factor 3,900 4,407 4,241 3,815 3,112 Total fixed charges $ 25,979 $ 31,586 $ 33,874 $ 35,628 $ 41,194 ============================================================= Ratio of earnings to fixed charges 0X 1.21 0X 1.25 1.29 (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.