Company: MAGH
Filing Date: 2025-07-18
Form Type: F-1/A
Source: 0001641172-25-020173
Chunk: 75

Company: Magnitude International Ltd
Filing Date: 2025-07-18
Form: F-1/A
Chunk 75
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 payable is considered a short term liability, though the Company does not expect to repay it in the next 12 months.

In assessing our liquidity, we believe that our current cash and cash flows provided by operating activities and guaranteed loans from banks, will be sufficient to meet our working capital requirements and debt obligations in the 12 months following the date on which our audited financial statements are issued.

Our liquidity and working capital requirements have primarily related to our operating expenses. Historically, we have met our working capital and other liquidity requirements primarily through a combination of cash generated from our operations and loans from banking facilities. Going forward, we expect to fund our working capital and other liquidity requirements from various sources, including but not limited to cash generated from our operations, loans from banking facilities, the net proceeds from this offering and other equity and debt financing as and when appropriate.

In addition, we intend to expand our business activities and we plan to use the net proceeds of this offering primarily for the purposes described in the section “Use of Proceeds”.

Beyond the 12 months following the date on which our audited financial statements are issued, we expect that our projected cash flows provided from operating activities and guaranteed loans from banks will be sufficient to meet our working capital requirements and debt obligations.

However, if we experience an adverse operating environment or incur unanticipated capital expenditures, or if we decided to accelerate our growth, then additional financing may be required. No assurance can be provided, however, that additional financing, if required, would be available at all or on favorable terms. Such financing may include the use of additional debt or the sale of additional equity securities. Any financing which involves the sale of equity securities or instruments that are convertible into equity securities could result in immediate and possibly significant dilution to our existing shareholders.

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Cash Flows Analysis

Cash Flows for the Financial Years ended April 30, 2023 and 2024

The following table sets forth a summary of our cash flows for the periods indicated.

|                                                        |     | Financial Years ended April 30, |           |   |     |      |           |   |
|                                                        |     |                            2023 |           |   |     | 2024 |           |   |
|                                                        |     |                              S$ |           |   |     |   S$ |           |   |
| Net cash provided by operating activities              |     |                                 |   996,128 |   |     |      |   609,817 |   |
| Net cash