Exhibit 12.1

The Hillman Companies, Inc.
Computation of Ratio of Income to Fixed Charges
Year Ended December 31, 2004
(Dollars in thousands)

         
Income from Operations
   $ 10,078  
Depreciation
     15,187  
Amortization
     5,748  
Stock compensation expense
     272  
Non-recurring expense
     30,707  
Proforma adjustments (1)
     942  
 
      
Earnings Before Interest, Taxes, Depreciation, and Amortization (“Adjusted EBITDA”)
   $ 62,934  
Capital Expenditures
     11,990  
Interest on junior subordinated notes
     12,231  
Cash Interest (2)
     16,129  
Scheduled Debt Payments (3)
     2,175  
Cash Taxes (4)
     1,314  
 
      
Fixed Charges
   $ 43,839  
 
 
      
Ratio of Adjusted EBITDA to Fixed Charges
     1.44  
 
      

(1) - Under the terms of the Senior Credit Agreement certain adjustments were made to Adjusted EBITDA for the three months ended March 31, 2004.

(2) - Per the Senior Credit Agreement Cash Interest for the three months ended March 31, 2004 were defined as $3,750. For the nine months ended December 31, 2004 actual Cash Interest was used.

(3) - Per the Senior Credit Agreement Scheduled Debt Payments for the three months ended March 31, 2004 were defined as $544. For the nine months ended December 31, 2004 actual Scheduled Debt Payments were used.

(4) - Per the Senior Credit Agreement Cash Taxes for the three months ended March 31, 2004 were defined as $1,250. For the nine months ended December 31, 2004 actual Cash Taxes were used.