Company: MAGH
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001641172-25-014489
Chunk: 83

Company: Magnitude International Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 83
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,148 |     |                        | 1,690,698 |     |               |   356,346 |     |                     | 573,505 |     |               | 760,847 |
| Total                    |     |                | 5,733,639 |     |                        | 6,010,189 |     |               | 4,675,837 |     |                     | 573,505 |     |               | 760,847 |

We believe that we have sufficient working capital to meet our requirements for at least the next 12 months from the date of this prospectus, absent unforeseen circumstances, taking into account the financial resources presently available to us, including cash and cash equivalents on hand, cash flows from our operations and the estimated net proceeds from this offering.

Bank Indebtedness

As of April 30, 2023 and April 30, 2024, bank borrowings were obtained from several banks and financial institutions in Singapore, which bear fixed rates ranging from 2.25% to 7.75% per annum and variable rates from 6% to 7% per annum and are repayable in 1 to 9 years.

As of October 31, 2024, bank borrowings were obtained from several banks and financial institutions in Singapore, which bear fixed rates ranging from 2.25% to 7.75% per annum and variable rates from 6% to 7% per annum and are repayable in 1 to 9 years.

The Group’s bank borrowings currently are secured by personal guarantee from Mr. Lim and a pledge of the keyman life insurance policy on the life of Mr. Lim held by BNL. We intend to seek a waiver for the requirement of personal guarantee for future borrowing following the completion of this offering.

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Contingencies

In the normal course of business, the Group is subject to contingencies, including legal proceedings and claims arising out of the business that relate to a wide range of matters, such as government investigations and tax matters. The Group recognizes its liability for any such contingency if it determines it is probable that a loss has occurred, and a reasonable estimate of the loss can be made. The Group may consider many factors in making these assessments including historical experience and the specific facts and circumstances of each matter. As of April 30, 2023, April 30, 2024, October 31, 2023 and October 31, 2024,