Though I am unfamiliar with the marque itself, I have seen many many very similar Bike Boom road bike offerings...


Basically, and not meaning to sound offensive, the OP's bike is pretty entry level. That is not a bad thing but, to me, it suggests that I would not spend a great deal of money getting it road worthy and safe to ride. I don't always follow my own advice though, as can be seen in my entry level Torpado. Though not quite bottom of the line, the Torpado is pretty close. I bought components, decals and paint in an effort to build the bike as close to original as I could. That said, when compared to the OP's Magneet, my Torpado did/does have a couple of things going for it with the lovely chrome lug work and chrome socks...


So, my best advice is to get the bike road worthy and safe to ride - then ride it for a while. If the ride is to your liking, then you can consider spending a bit more, or even a lot more, to get it just the way you want it.