Exhibit 12.01

Flextronics International Ltd.

Statement Regarding Computation of Ratio of Earnings to Fixed Charges

	Fiscal Year Ended March 31,													Three Months Ended
	2011			2012			2013			2014		2015		June 26, 2015
	($’s in thousands)
Calculation of Earnings:
Income from continuing operations	$	612,261		$	520,770		$	302,502		$	365,594	$	600,801	$	110,850
Provision for income taxes	22,049			53,960			26,313			34,860		69,854		7,766
Income from continuing operations before income taxes	$	634,310		$	574,730		$	328,815		$	400,454	$	670,655	$	118,616
Plus:
Fixed charges	$	95,736		$	72,757		$	73,414		$	85,394	$	81,062	$	21,348
Capitalized interest	(1,036		)	(78		)	(87		)	—		—		—
Distributed income of equity investees	56			108			63			80		22		2,047
Share of pre-tax losses of equity investees for which charges arising from guarantees are included in fixed charges	—			—			—			—		—		—
Amortization of previously capitalized interest	894			1,053			1,065			1,079		1,079		270
Total earnings	$	729,960		$	648,570		$	403,270		$	487,007	$	752,818	$	142,281
Calculation of Fixed Charges:
Interest on all indebtedness and amortization of debt discount and expense	$	81,297		$	60,117		$	58,790		$	75,288	$	72,507	$	19,120
Capitalized interest	1,036			78			87			—		—		—
Discount, premium and capitalized expenses related to Indebtedness	7,403			7,667			10,112			4,562		3,870		983
Interest factor attributable to rentals	6,000			4,895			4,425			5,544		4,685		1,245
Total Fixed Charges	$	95,736		$	72,757		$	73,414		$	85,394	$	81,062	$	21,348
Ratio of Earnings to Fixed Charges	7.6x			8.9x			5.5x			5.7x		9.3x		6.7x
Deficiency of Earnings Available to Cover Fixed Charges	—			—			—			—		—		—