Exhibit 12.01

Flextronics International Ltd.

Statement Regarding Computation of Ratio of Earnings to Fixed Charges

	Fiscal Year Ended March 31,
	2009			2010			2011			2012			2013
	($’s in thousands)
Calculation of Earnings:
Income (loss) from continuing operations	$	(5,929,209	)	$	31,898		$	612,261		$	520,770		$	302,502
Income taxes (benefit)	5,364			(37,059		)	22,049			53,960			26,313
Income (loss) before taxes	$	(5,923,845	)	$	(5,161	)	$	634,310		$	574,730		$	328,815
Plus:
Fixed charges	$	255,718		$	166,731		$	95,736		$	72,757		$	73,414
Capitalized interest	(1,747		)	(1,113		)	(1,036		)	(78		)	(87		)
Distributed income of equity investees	77			—			56			108			63
Share of pre-tax losses of equity investees for which charges arising from guarantees are included in fixed charges	—			—			—			—			—
Amortization of previously capitalized interest	454			723			894			1,053			1,065
Total earnings (loss)	$	(5,669,343	)	$	161,180		$	729,960		$	648,570		$	403,270
Calculation of Fixed Charges:
Interest on all indebtedness and amortization of debt discount and expense	$	236,321		$	148,658		$	81,297		$	60,117		$	58,790
Capitalized interest	1,747			1,113			1,036			78			87
Discount, premium and capitalized expenses related to Indebtedness	9,198			9,395			7,403			7,667			10,112
Interest factor attributable to rentals	8,452			7,565			6,000			4,895			4,425
Total Fixed Charges	$	255,718		$	166,731		$	95,736		$	72,757		$	73,414
Ratio of Earnings to Fixed Charges	—			—			7.6x			8.9x			5.5x
Deficiency of Earnings Available to Cover Fixed Charges	(5,925,061		)	(5,551		)	—			—			—