Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 46

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 4
Chunk 46
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 of
total sales, respectively.

We
have strong and stable relationships with our suppliers and subcontractors

For
the fiscal years ended April 30, 2023, 2024 and 2025, our top five suppliers and subcontractors accounted for approximately 30.8%, 61.8%
and 40.4% of total purchases, respectively, and our top 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 Annual Report, 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 works) 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 9001:2015 (quality
management), ISO 45001:2018 (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, 2023,2024 and 2025 and as of the date of this Annual Report.

  28  

The
typical contract period of our electrical installation projects and A& A projects ranges from one