Company: MAGH
Filing Date: 2025-01-02
Form Type: DRS
Source: 0001493152-25-000010
Chunk: 54

Company: Magnitude International Ltd
Filing Date: 2025-01-02
Form: DRS
Chunk 54
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 capitalization                                                                                                                      |     |                                                | 3,598 |   |     |     | 2,639 |     |          | [●] |     |     | [●] |

*.* Less than US$1

| 41 |

Indebtedness

A table describing our indebtedness as of April 30, 2024 is as follows:

| Type of Debts |     | Securities           |     | Terms of   
 Repayments |     | Annual        
 interest rate |         |   |     | Actual |           |
|               |     |                      |     |            |     |               |         |   |     | S$     |           |
| Bank loans    |     | Personal Guarantee   
 from Mr. Lim Say Wei |     | Monthly    |     |               | 2.25%   
 to 7.75 | % |     |        | 1,648,029 |
| Total         
 Indebtedness  |     |                      |     |            |     |               |         |   |     |        | 1,648,029 |

<div align='center'>DILUTION</div>

If you invest in our Ordinary Shares, you will experience dilution to the extent of the difference between the initial public offering price per Ordinary Share you pay in this offering and the pro forma net tangible book value per Ordinary Share immediately after this offering. Dilution results from the fact that the assumed initial public offering price per ordinary share is substantially in excess of the net tangible book value per ordinary share attributable to the existing shareholders for our presently outstanding ordinary shares.

Our net tangible book value as of April 30, 2024 was approximately US$1.4 million, or US$1.40 per ordinary share outstanding at that date. Net tangible book value per ordinary share is determined by dividing our net tangible book value by the number of outstanding ordinary shares. Our net tangible book value is determined by subtracting the value of our acquired net intangible assets, goodwill, total liabilities and minority interests from our total assets. Dilution is determined by subtracting net tangible book value per Ordinary Share, after giving effect to the additional proceeds we will receive from this offering, from the initial public offering price of US$[●] per Ordinary Share, which is the mid-point of the estimated public offering price range shown on the front cover of this prospectus and, after deducting underwriting discounts and commissions and estimated offering expenses payable by us.

Without taking into account