He died at the scene.
Judge Greg Davis yesterday ordered Kiwi Timber Protection of Union East St in Whangarei to pay a fine of $45,000 on top of $34,040 the company paid shortly after Mr Blincoe's death, and offered a further $60,000 in reparation to his family during sentencing.
The fine and reparation is to be paid within seven days.
Mr Blincoe had worked at Kiwi Timber Protection for just over a year when the accident happened.
It emerged in court that the three-week training he received on the use of a forklift was inadequate and he was trained mostly by way of observation.
His mother, Mei Leonard, and father, Michael Blincoe, read emotional victim impact statements to the court during sentencing.
Ms Leonard said she collapsed with shock after hearing about his death while she was in Brisbane looking after her grandchildren.
The youngest of five brothers and two sisters, Mr Blincoe was a gym enthusiast and a happy-go-lucky boy whose life was only just starting to take off, she said.
He was planning to wed his girlfriend of five years.
"He made friends everywhere he went and was a very likeable and loveable boy since he was born," his mother said.
Michael Blincoe said he would grieve until the day he died and felt a part of him had gone.
His son lived with him and he said even now he would still wait for him to come home from work.
Mark Blincoe's parents welcomed the court ruling and said they never had any animosity towards Kiwi Timber Protection.
WorkSafe New Zealand lawyer Sanya Woodhead said the company's in-house training, practical and theory, could have been better and steps have been recommended on the safe use of forklifts.
James Cairney, lawyer for Kiwi Timber Protection, said the company took its staff safety seriously and had hired a health and safety manager who would start work today. Mr Cairney submitted there were regular health and safety meetings; that the company co-operated with investigations by providing documents above what was required; and that it had an unblemished record.
Kiwi Timber Protection, he said, accepted more could have been done in terms of Mr Blincoe's training.
Judge Davis said a week before the tragedy, another staff member complained about the forklift taking ages to get into gear and that its handbrake was not working properly.