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April 19, 2015 9:11 AM ET

Professional Services

Company Overview of Uzma Engineering Sdn. Bhd.

Company Overview

Uzma Engineering Sdn. Bhd. provides recruitment services. The company also offers e-placement and technology training services. It serves oil and gas industry, and aviation and public works in South East Asia, Australasia, the Indian Subcontinent, the Middle East, and Africa. The company was founded in 1999 and is based in Kuala Lumpur, Malaysia. Uzma Engineering Sdn. Bhd. operates as a subsidiary of Uzma Berhad.

Uzma House, No. 68 & 70

Fraser Business Park

Jalan Metro Pudu 2 Off Jalan Yew

Kuala Lumpur,  55200

Malaysia

Founded in 1999

Phone:

60 3 9232 1000

Fax:

60 3 9232 1032

Key Executives for Uzma Engineering Sdn. Bhd.

Uzma Engineering Sdn. Bhd. does not have any Key Executives recorded.

Uzma Engineering Sdn. Bhd. Key Developments

Uzma Engineering Sdn. Bhd. Wins Contract from PETRONAS Carigali Sdn Bhd

Uzma Berhad announced that it has on 16 January 2015 obtained the approval from Petroliam Nasional Berhad to announce a recent contract award to Uzma Engineering Sdn. Bhd a wholly-owned subsidiary company. UESB has been awarded by PETRONAS Carigali Sdn Bhd (PCSB), a contract for the provision of Through Tubing Downhole Tools and Services. The Contract period will be for 2 years which is effective from 1 January 2015 to 31 December 2016 with an extension option of 1 year from 1 January 2017 to 31 December 2017. The value of the Contract is estimated at MYR 50 million. The Contract is expected to contribute positively to the earnings of the Company for the financial year ending 31 December 2015 and future years. The Contract is expected to enhance net assets per share of the group for the financial year ending 31 December 2015 and future years.

Uzma Engineering Sdn. Bhd. Enters into Joint Venture Agreement with SmartCore Technologies Sdn. Bhd

Uzma Berhad announced that its subsidiary company, Uzma Engineering Sdn. Bhd. (UESB), has on 13 August 2014 entered into a Joint Venture Agreement with SmartCore Technologies Sdn. Bhd. (STSB), in connection with the provision of integrated solution services in oil and gas sector by incorporating a joint venture company. The Parties hereby acknowledge and agree that the obligations of the Parties shall be to combine their complementary skills, knowledge, capabilities and expertise to undertake a programme to procure a contract for the provision of integrated solution services in oil and gas sector. In relation thereto, the obligations of the Parties amongst others are as follows: In particular, UESB shall be responsible for: Business Development and Marketing support. Financial and Accounting Support. Tender and Contract Management. Customer and Business Network. In particular, STSB shall be responsible for the following: Provision of technical know-how. Provision of updated information on any technology and/or applications relevant to the business of the JV Company. Advising the JV Company on the global market outlook and potential of the business. Any other required services as required from time to time. As at the date of the JVA, the proposed initial authorised share capital of the JV Company is MYR 400,000 comprising 400,000 ordinary shares of MYR 1.00 each. The authorised share capital of the JV Company will be increased accordingly when the JV Company increases its paid-up share capital to the required amount according to the needs of the operations of the JV Company. At the present moment, the total capital outlay of the JV Company, the source of funds and the required amount of paid-up share capital have yet to be determined as the JV Company has yet to be awarded with project. As a start-up capital, the Parties will inject the following initial share capital as soon as reasonably practicable after the execution of the JVA: (i) UESB shall subscribe for 60,000 ordinary shares at par value of MYR 1.00 for each ordinary share in the JV Company to be satisfied by way of cash, such that UESB shall hold an equivalent to 60% equity interest in the JV Company. The funds to subscribe for 60,000 Shares by UESB will be funded internally; and (ii) STSB shall subscribe for 40,000 ordinary shares at par value of MYR 1.00 for each ordinary share in the JV Company to be satisfied by way of cash, such that STSB shall hold an equivalent to 40% equity interest in the JV Company.

Uzma Engineering Sdn. Bhd. enters into Joint Venture Agreement with Chemical Tracer Services Sdn. Bhd

Uzma Engineering Sdn. Bhd. has on January 7, 2014 entered into a joint venture agreement with Chemical Tracer Services Sdn. Bhd., in connection with the provision of chemical tracer services for the offshore oil and gas sector by incorporating a joint venture company. The parties hereby acknowledge and agree that the obligations of the parties shall be to combine their complementary skills and expertise to undertake a programme to procure a contract for the provision of chemical tracer services for the offshore oil and gas sector. In relation thereto, the obligations of the parties amongst others are as follows: UESB's obligations: Business development and marketing support. Financial and accounting support. Tender and contract management. Customer and business network.

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