EXHIBIT 12.1

                            PARK-OHIO HOLDINGS CORP.
               COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                       (IN THOUSANDS, EXCEPT RATIO DATA)



 ....................................     2001       2000      1999         1998         1997
                                         ----       ----      ----         ----         ----
                                                                      
Earnings (loss)
  before income taxes................  $(37,353)   $ 7,701   $28,418      $22,660      $19,199

Less capitalized interest............                                      (1,000)

Fixed charges........................    35,320     35,084    28,690       20,840       11,495
                                        -------    -------   -------      -------      -------

Earnings available for fixed
  charges............................  $ (2,033)   $42,785   $57,108      $42,500      $30,694

Fixed charges:
Interest component
  of rent expense....................  $  4,212    $ 4,272   $ 3,938      $ 2,352      $ 2,232

Interest expense.....................    31,108     30,812    24,752       17,488        9,101

Interest capitalized.................                                       1,000

Amortization of deferred financing
  costs..............................       --(1)      --(1)      --(1)        --(1)       162
                                        -------    -------    -------      -------     -------

Total fixed charges..................  $ 35,320    $35,084   $28,690      $20,840     $ 11,495

Ratio of earnings to fixed
  charges............................         (2)     1.22x      2.0x         2.0x        2.7x
</Table>

(1) Included in interest expense
(2) Earnings are inadequate to cover fixed charges for the year ended
    December 31, 2001, the coverage deficiency totaled $37,353.