Company: MAGH
Filing Date: 2025-06-25
Form Type: F-1/A
Source: 0001641172-25-016431
Chunk: 95

Company: Magnitude International Ltd
Filing Date: 2025-06-25
Form: F-1/A
Chunk 95
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 as the main electrical contractor in a construction project (regardless of whether it is a greenfield or brownfield project). We endeavor to deliver electrical solutions and services to meet our customers’ needs and expectations by providing them with our consultation, design, installation and supply (including materials and labor) services. We combine our design and engineering capabilities and where necessary, pool together other subcontractors, to plan and manage the projects for our customers to ensure that they are completed in an efficient, effective and professional manner which meet our customers’ unique requirements.

During the fiscal years ended April 30, 2023 and 2024, we completed a total of 2 and 10 greenfield electrical installation projects respectively. For April 30, 2023, the brownfield A&A electrical projects were still in progress and for April 30, 2024, we completed 7 brownfield A&A electrical projects. In addition, during the fiscal years ended April 30, 2023 and 2024, (i) we generated revenue of approximately S$21.9 million and S$24.2 million, respectively; (ii) approximately 74.9% and 60.5% of our revenue was derived from greenfield electrical installation projects and approximately 21.3% and 33.6% of our revenue was derived from brownfield A&A electrical projects, respectively; and (iii) 100% and 97.5% of our projects (in terms of revenue) were in the private sector respectively. During the fiscal years ended April 30, 2023 and 2024, the revenue from our largest project in terms of revenue recognized accounted for approximately 25.0% and 24.4% of our total revenue recognized for the corresponding periods. The backlog of our projects as of April 30, 2024, which represents the total estimated contract value of works (including adjustments and variation orders) that remain to be completed pursuant to the terms of the outstanding contracts as of April 30, 2024, and assuming performance in accordance with the terms of the contract, was approximately S$21.4 million.

For the six months ended October 31, 2023, we completed a total of 2 greenfield electrical installation projects and 1 brownfield A&A electrical project. For the six months ended October 31, 2024, the greenfield and brownfield A&A electrical projects were still in progress. During the six months ending October 31, 2023