Ferromatic Tools & Manufacturing Inc.

Well Maintained CNC Machine Shop & Precision Grinding Facility

Date

Thursday, November 18, 2010

Start Time

Inspection

Removal

Location

Ferromatic Tools & Manufacturing Inc.
1680 Midland Ave. Unit 9, Toronto, Ontario, Canada, M1P 3C6

Industry

Machining

FEATURING: CNC Machine Shop and Grinding Facility Manufacturing parts for the Cold Header and Nut Forming Industry Featuring: LEADWELL MCV-1000P CNC VMC; YANG (1995) ML-25A CNC turning center; YAM CK-2 CNC turning center; BROWN & SHARPE 818 MICR-A-SIZE CNC surface grinder; CANADIAN LASER TECHNOLOGIES (1998) 100 WATT 3 axis table type CNC laser etcher/marker; (5) Universal cylindrical grinders featuring: TOS (1990) BUB 32-1500, TOS (1991) BUAJ28, TOS 2UDP2500, BSH (1997) BU16, TOS (1997) BUA16A; CINCINNATI MILACRON OM-V centreless grinder; WMW automatic I.D. and O.D. bore grinder; HYD-MECH (1997) H-12 dual column horizontal saw; CLAUSING STARTRITE (1996) HB208M horizontal saw; (4) SUNNEN vertical and horizontal honing machines; TOS BRH-40A hydraulic surface grinder; (5) other hydraulic surface grinders; TOS (1998) FNK-25A vertical milling machine; (11) vertical and universal milling machines; (3) ERLO geared head drills; TOS SN71C gap bed engine lathe; COLCHESTER TRIUMPH 2000 & MASTER 2500 engine lathes; (2) CLAUSING METOSA C1440 engine lathes; FINISHED PARTS USED FOR COLD HEADERS & NUT FORMERS- OVER 1$ MILLION IN COST to be consisting of: Spring punches and sleeves, combination punches, back plates, back plugs, straight hole die cases, wafer and taper die cases, taper sleeves, punch cases, hex washer head punch cases, screw back taper die case sets, transfer and knife and thread roll fingers, cut off knives, cutters, quills, kick out levers, pushers, nut former die cases, and more! ALSO: inspection equipment; air compressors, tool and cutter grinders, air compressors and dryers, 20+ LISTA workbenches, raw material, pedestal grinders, shop carts, racking, parts washers, grinding wheels and accessories, hone parts and accessories, drill presses, tool holders and cabinets, office furniture and equipment and much more!

ONSITE & ONLINE

Terms & Conditions

Corporate Assets Inc. assumes no liability for errors or omissions on this Web site. Corporate Assets Inc. expressly reserves the right to determine the manner of conducting the auction as it may deem appropriate. All subject to prior sale.

DOWNLOAD CORPORATE ASSETS INC. FULL TERMS & CONDITIONS

MODALITÉS ET CONDITIONS DE VENTE


Payment

-WEBCAST (REMOTE) BIDDERS

Pre-Approval by Corporate Assets Inc. will be required. To participate in the auction you must register and be approved. All Webcast (Remote) Bidders require a deposit equal to 25% of their requested Purchasing Limit (the maximum amount they plan to spend) plus the Buyer's Premium (see below for applicable Buyer's Premium) and must be by Direct Bank Wire Transfer. To ensure approval as a Bidder please make deposit arrangements as far in advance of the sale as possible. For Bank Wire Transfer details, please contact our office at 416.962.9600 and request to speak with an Accounting Administrator.

Invoices for the balance of the purchase price will be emailed and/or faxed to successful bidders within 24 hours of the close of the auction and are due upon receipt.

-GENERAL

All buyers must complete the "Buyer Deposit Form" and provide Corporate Assets Inc. with a 25% deposit of their total intended purchase amount by way of wire transfer.* The deposit must be received by no later than 1 business day prior to the commencement of the sale.**

Payment in full must be made before or immediately after the conclusion of the auction.

* Please keep in mind that bank charges may apply to incoming and/or outgoing wire transfers by your/our bank/financial institution.

** In order to meet the Terms and Conditions of Sale, please keep in mind that wire transfers traditionally take between 2 - 4 business days to be processed by your bank. For Bank Wire Transfer details, please contact our office at 416.962.9600 and request to speak with an Accounting Administrator.

For International (Non Canadian and Non U.S. Residents) Buyers, Webcast Remote Buyers & Online Buyers, all payments shall ONLY be by way of wire transfer.

For Canadian and U.S. On-site Buyers, all payments shall be by way of wire transfer, certified cheque, bank draft, Interac, or company cheque accompanied with a valid bank letter of authorization guaranteeing irrevocable payment to Corporate Assets Inc. in the following format: "Name of Bank hereby guarantees irrevocable payment of cheques payable to Corporate Assets Inc. up to Amount in Words & Currency for purchases made by our client Name of Client. This letter is valid for purchases made at the auction of Name of Auction being held in City, State/Province on Date."

Payment by way of Visa or Mastercard will ONLY be accepted for purchases, and not for deposits, from buyers whose total invoice does not exceed $2,500.00.

Payments may be made in advance of the auction by way of wire transfer and any balance in excess of the balance owing will be refunded after the auction.

The Auctioneer reserves the right to put articles back up for auction if a deposit is not received at or before the time of sale.

Download Full Payment Information
Download Buyer Deposit Form
CAD Wire Transfer Details
USD Wire Transfer Details


Proxy Bidding

To place a proxy bid, please refer to the Corporate Asset Inc. PROXY BID FORM or email us at: info@corpassets.com for more information.

All Proxy Bids must be completed in writing, either typed or hand-written, indicate the name of the auction sale, and must be signed and dated. They must be faxed or mailed to our office and received by no later than 3:00 P.M. EST on the day before the auction.


Download Proxy Bid Form