Company: MAGH
Filing Date: 2025-01-02
Form Type: DRS
Source: 0001493152-25-000010
Chunk: 84

Company: Magnitude International Ltd
Filing Date: 2025-01-02
Form: DRS
Chunk 84
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 we completed a total of 10 electrical installation projects and 7 A&A projects, (ii) we generated revenue of approximately S$21.9 million and S$24.2 million, respectively; (iii) approximately 74.9% and 66.9% of our revenue was derived from electrical installation projects and approximately 20.8% and 31.5% of our revenue was derived from A&A projects, respectively; and (iv) over 99.0% of our projects (in terms of revenue) were in the private sector. During the fiscal years ended April 30, 2023 and 2024, the revenue from our largest project in terms of revenue recognized accounted for approximately 33.4% and 37.1% 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$3.42 million, which was comprised of six electrical installation projects (of which four were private residential projects and two were private commercial projects) and four A&A projects.

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Our Competitive Strengths

We have over 12 years of established track record in the provision of quality, timely and reliable electrical installation services

We have over 12 years of established track record in the provision of quality, timely and reliable electrical installation services in Singapore that covers a range of greenfield and brownfield electrical installation projects, including electrical installation for private and public housing, commercial and mixed-use developments as well as other types of public facilities and various types of A&A works. Our team of technical staff includes seven project managers and five electrical engineers each have over 15 years of experience in electrical installation, 10 qualified building construction safety supervisors, five BCA certified core trade foremen, five BCA certified core trade tradesmen, two BCA certified safety coordinator, and one LEW in professional engineer and technician grade licensed by the Energy Market Authority. Our team of technical staff, under the leadership of our executive directors and senior management, can evaluate a project’s specifications, resource needs and level of difficulty accurately. This helps us to tackle all the challenges that we may face during the execution of a project and ensure that we can complete the project based on our customer’s requirements in an