Company: MAGH
Filing Date: 2025-01-02
Form Type: DRS
Source: 0001493152-25-000010
Chunk: 86

Company: Magnitude International Ltd
Filing Date: 2025-01-02
Form: DRS
Chunk 86
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 five suppliers and subcontractors have, on average, more than nine years of business relationships with us. We have strived to maintain stable business relationships with our major customers and also established healthy and stable relationships with our major suppliers and subcontractors, which form a solid source of demand and supply for our business operations.

Our qualifications and certifications

As of the date of this prospectus, we are registered with the BCA as a (i) Grade L5 contractor under the ME05 (electrical engineering) workhead; (ii) Grade L1 contractor under the ME01 (air-conditioning, refrigeration and ventilation work) workhead; (iii) Grade L1 contractor under the ME04 (communication and security systems) workhead; and (iv) Grade L1 contractor under the ME06 (fire prevention and protection systems) workhead. As a Grade L5 contractor under the ME05 (electrical engineering) workhead, we are able to tender for public sector electrical engineering projects up to S$16 million and we endeavor to upgrade our registration to a Grade L6 contractor so that we can tender for public sector electrical engineering projects of unlimited contract value. We expect to be upgraded to a Grade L6 contractor under the ME05 (electrical engineering) workhead in 2025.

We are committed to risk management, health and safety standards and quality assurance. We have been accredited with ISO 9001 (quality management), ISO 45001 (occupational health and safety) (migrated from OHSAS 18001 (occupational health and safety) in October 2020) and bizSAFE Star Level certifications since 2016. Our directors confirmed that we did not encounter any (i) material work-related incidents; or (ii) severe or fatal accidents, for the fiscal years ended April 30, 2023 and 2024 and as of the date of this prospectus.

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The typical contract period of our electrical installation projects and A&A projects ranges from one to four years and one to 12 months, respectively, while the time required for the actual completion of the project varies significantly depending on various factors including the master construction progress of the relevant project. The following chart is a general overview of the major process of our projects:

Identification of business opportunities

Our projects are obtained either by tender or quotation. The vast majority of our revenue recognized during the fiscal years ended April 30, 2023 and 2024 were generated from contracts obtained through invited tender from repeat customers, word