Company: MAGH
Filing Date: 2025-03-20
Form Type: DRS/A
Source: 0001641172-25-000048
Chunk: 220

Company: Magnitude International Ltd
Filing Date: 2025-03-20
Form: DRS/A
Chunk 220
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|:----|--------------------------------:|:----|:--------|:--|:----|-------------------------------------:|:----|-------------------------------------:|
|                     |     |                             SGD |     | SGD     |   |     |                                  SGD |     |                                  USD |
| Not past due        |     |                       4,090,309 |     | (3,958  | ) |     |                            4,086,351 |     |                            2,996,737 |
| < 30 days           |     |                         342,316 |     | (35,234 | ) |     |                              307,082 |     |                              225,199 |
| 31 days to 60 days  |     |                           5,238 |     | (968    | ) |     |                                4,270 |     |                                3,131 |
| 61 days to 90 days  |     |                          13,910 |     | (3,536  | ) |     |                               10,374 |     |                                7,608 |
| 91 days to 120 days |     |                           1,819 |     | (827    | ) |     |                                  992 |     |                                  727 |
| >120 days           |     |                          11,834 |     | (8,716  | ) |     |                                3,118 |     |                                2,289 |
|                     |     |                       4,465,426 |     | (53,239 | ) |     |                            4,412,187 |     |                            3,235,691 |

Contract assets that are not past due make up majority of the receivables.

Subsequent to the financial year ended April 30, 2024:

| - | More                                                                                        
 than 98% of trade receivables were collected.                                               |
| - | Except                                                                                      
 for those retention receivables which monies will only be released upon the expiry of the   
 defect liability period as specified in the contracts, more than 90% of the contract assets 
 have been billed and collected.                                                             |

| F-39 |

<div align='center'>MAGNITUDE INTERNATIONAL LTD AND ITS SUBSIDIARIES

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</div>

| 23. | Financial                   
 risk management (Continued) |

Credit risk(Continued)

Other receivables