EX-12 8 exhibit12_1.htm EXHIBIT 12.1 Exhibit 12.1
Exhibit 12

Barnes Group Inc.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)


Years Ended December 31, 2002   2001   2000   1999   1998  

Earnings:
   Income before income taxes $33,111 $23,459 $48,590 $42,698 $54,663
   Equity (income) loss, net of distributions (477) 580 (482) (294) (1,385)
   Capitalized interest (128) (163) (188) (263) (711)
   Amortization of capitalized interest 344 345 348 335 300
   Fixed charges per below 18,730
 19,839
 18,466
 8,968
 7,209
      Earnings $51,580
 $44,060
 $66,734
 $51,444
 $60,076

Fixed Charges:
   Interest expensed and capitalized, including
   amortization of debt issuance costs		 $15,311 $16,525 $15,424 $6,398 $4,831
   Interest portion of rental expense (33%) 3,419
 3,314
 3,042
 2,570
 2,378
      Fixed charges $18,730
 $19,839
 $18,466
 $8,968
 $7,209

Ratio of earnings to fixed charges
2.8
 2.2
 3.6
 5.7
 8.3