Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 63

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 4
Chunk 63
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 years ended April 30, 2023, 2024 and 2025, our five
largest customers accounted for approximately 87.9%, 85.5% and 76.7% of our revenue, respectively, and our largest customer accounted
for approximately 70.4%, 52.2% and 30.6% of our revenue, respectively.

  39  

Vendors

Our
major vendors include subcontractors and suppliers of materials and equipment. We delegate part of the labor-intensive installation work
to suitable subcontractors for flexible manpower management and to minimize our fixed costs of employing a large labor force. We also
purchase electrical equipment and certain materials such as electrical wiring to facilitate our own project works. During the fiscal
years ended April 30, 2023, 2024, and 2025 we did not enter into any long-term contracts with our subcontractors and suppliers. During
the fiscal years ended April 30, 2023, 2024 and 2025, purchases attributed to our five largest vendors accounted for approximately 30.8%,
61.8% and 37.3% of our total purchases, respectively, and purchases attributed to our largest vendor accounted for approximately 8.6%,
20.9% and 12.9% of our total purchases, respectively. Our vendors generally give us a 60-day credit period.

Employees

As
of the date of this Annual Report, we employed a total of 65 employees, all of which were based in Singapore and over 80.0% of them were
foreign employees, mainly from India and to a lesser extent, Myanmar, the Philippines and Malaysia. The following table shows the allocation
of our employees by function as of the date of this Annual Report:

  Management                        7  
  Project:                             
  Contract                          3  
  Project management               46  
  Drafting                          4  
  Purchasing                        1  
  Safety                            3  
  Accounts and administration       3  
  Total:                           65  

Our
employees are not covered by collective bargaining agreements. We consider our labor practices and employee relations to be good, and
to date, we have not experienced any significant labor disputes.

Intellectual
Property

We
have been providing our electrical installation services under the brand name of “ BNL” and conducting A& A works under
the brand name “ Herlin”. At the date hereof, we had applied for the