Company: MAGH
Filing Date: 2025-05-28
Form Type: F-1
Source: 0001641172-25-012644
Chunk: 113

Company: Magnitude International Ltd
Filing Date: 2025-05-28
Form: F-1
Chunk 113
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 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 and 2024, we did not enter into any long-term contracts with our subcontractors and suppliers. During the fiscal years ended April 30, 2023 and 2024, purchases attributed to our five largest vendors accounted for approximately 30.8% and 61.8% of our total purchases, respectively, and purchases attributed to our largest vendor accounted for approximately 8.6% and 20.9% of our total purchases, respectively. Our vendors generally give us a 60-day credit period.

Employees

As of the date of this prospectus, 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 prospectus:

| Management                  |     |  5 |
| Project:                    |     |    |
| Contract                    |     |  3 |
| Project management          |     | 46 |
| Drafting                    |     |  4 |
| Purchasing                  |     |  1 |
| Safety                      |     |  3 |
| Accounts and administration |     |  3 |
| Total:                      |     | 65 |

| 86 |

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 registration of the following trademark:

in Singapore and we had registered the domain name www.bnlengrg.com.

Insurance

We maintain property and equipment insurance policies covering our facilities and equipment in accordance with customary industry practice. We carry contractor public liability, occupational injury and medical insurance for our employees in compliance with applicable regulations. We do not carry general business interruption insurance. We have purchased two key man life insurance policies naming Mr. Lim (CEO) as the insured life to protect the Group and subsidiaries