Company: MAGH
Filing Date: 2025-03-20
Form Type: DRS/A
Source: 0001641172-25-000048
Chunk: 87

Company: Magnitude International Ltd
Filing Date: 2025-03-20
Form: DRS/A
Chunk 87
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 switchboards, standby emergency generators and lightnings, for residential and commercial buildings as well as a wide range of other properties, including hotels, shopping malls, hospitals, government facilities, restaurants and mass rapid transit stations.

We generally act as the main electrical contractor in a construction project (regardless of whether it is a greenfield or brownfield project). We endeavor to deliver electrical solutions and services to meet our customers’ needs and expectations by providing them with our consultation, design, installation and supply (including materials and labor) services. We combine our design and engineering capabilities and where necessary, pool together other subcontractors, to plan and manage the projects for our customers to ensure that they are completed in an efficient, effective and professional manner which meet our customers’ unique requirements.

During the fiscal years ended April 30, 2023 and 2024, (i) we completed a total of 10 greenfield electrical installation projects and 7 brownfield A&A electrical projects during the fiscal year of April 30, 2024, (ii) we generated revenue of approximately S$21.9 million and S$24.2 million, respectively; (iii) approximately 75.1% and 60.0% of our revenue was derived from greenfield electrical installation projects and approximately 21.0% and 34.0% of our revenue was derived from brownfield A&A electrical projects, respectively; and (iv) over 99.0% of our projects (in terms of revenue) were in the private sector. During the fiscal years ended April 30, 2023 and 2024, the revenue from our largest project in terms of revenue recognized accounted for approximately 25.0% and 24.4% of our total revenue recognized for the corresponding periods. The backlog of our projects as of April 30, 2024, which represents the total estimated contract value of works (including adjustments and variation orders) that remain to be completed pursuant to the terms of the outstanding contracts as of April 30, 2024, and assuming performance in accordance with the terms of the contract, was approximately S$21.4 million.

For the six months ended October 31, 2023 and 2024, (i) we completed a total of 2 brownfield A&A electrical projects during the six months ending October 31, 2024, (ii) we generated revenue of approximately S$13.6 million and S$7.3 million, respectively; (iii) approximately