EXHIBIT 12.1

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



.....................................      2002       2001       2000      1999         1998
                                          ----       ----       ----      ----         ----
                                                                      
Earnings (loss)
  before income taxes................   $(11,456)  $(37,353)   $ 7,701   $28,418      $22,660

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

Fixed charges........................     31,206     35,320     35,084    28,690       20,840
                                         -------    -------    -------   -------      -------

Earnings available for fixed
  charges............................   $ 19,750   $ (2,033)   $42,785   $57,108      $42,500

Fixed charges:
Interest component
  of rent expense....................   $  3,583   $  4,212    $ 4,272   $ 3,938      $ 2,352

Interest expense.....................     27,623     31,108     30,812    24,752       17,488

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

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

Total fixed charges..................   $ 31,206   $ 35,320    $35,084   $28,690      $20,840

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

(1) Included in interest expense
(2) Earnings were inadequate to cover fixed charges for the years ended
    December 31, 2002 and 2001, and the coverage deficiency totaled $11,456 and
    $37,353, respectively.