Precision-Tech Limited

Late Model Multi-Axis Precision Turning & Machining Facility

Date

Wednesday, December 5, 2012

Start Time

10:30 AM EST

Inspection

N/A

Removal

N/A

Location

305 Industrial Road, Cambridge, Ontario, Canada, N3H 4R7

Industry

Machining

LATE MODEL MULTI-AXIS PRECISION TURNING & MACHINING FACILITY FEATURING: (2) KITAKO (2007) HS200i CNC 4 spindle high precision turning centers with gantry robots and pallet stocker; (2) NIIGATA (2006 & 2004) SPN63 CNC twin pallet horizontal machining centers; DOOSAN (2004) V740 CNC vertical lathe; (4) FAMUP CNC twin pallet VMC's as new as (2006); OKUMA HOWA 2SP-V3 CNC twin spindle vertical lathe; DOOSAN 2SP-V3 CNC twin spindle vertical lathe; (4) HWACHEON CNC twin spindle lathes; O-M VL-6NT CNC vertical lathe; (2) NAKAMURA-TOME TW-20 CNC twin spindle live milling turning centers; NAKAMURA-TOME TMC-20 CNC turning center; MORI-SEIKI SL-25B CNC turning center; MORI-SEIKI SL-35B CNC turning center; MORI-SEIKI SL-5H CNC turning center; SHIMADA CNC twin spindle lathe; MAZAK MULTIPLEX 620N CNC double opposed spindle turning center; TONG TAI TNL-65L CNC turning center; MITSUBISHI MH500 CNC HMC; MITSUBISHI MH50C CNC HMC; MATSUURA MC-900H CNC HMC; MATSUURA RA-IIF CNC VMC; MATSUURA RA-4F CNC VMC; MATSUURA RA-IIF CNC twin pallet VMC; HURCO BMC 40/M CNC VMC; DAEWOO DVC-500 CNC twin pallet VMC; MITSUBISHI MC500P CNC VMC; LEADWELL MCV-OP CNC VMC; (2) TOSHIBA JRV450 CNC VMC's; WEST MICHIGAN SPRING (2000) 48" rack roller; ACME (2007) 6 station rotary deburring machine (250K ACQUISITION COST); MITUTOYO (2005) CRYSTA-APEX CMM; MITUTOYO BHN 710 CMM; PARLEC (2008) tool setter; WMC (2006) reverse osmosis system; GMC (2005) C6500 cube truck; FORD (2003) E250 cargo van; BLANCHARD #18 36" rotary surface grinder; CINCINNATI 18" centerless grinder; DAKE 50 ton 4 post hydraulic bonding press; MINSTER 100 ton straight side press; WHEELABRATOR shot blast finishing system; COLONIAL vertical and horizontal broaches, horizontal and vertical saws, vertical and horizontal milling machines, surface grinders, LAB testing equipment, late model air compressors and dryers, multi spindle drilling machines, inspection machinery and tooling, MEZZANINE's and free standing crane systems, late model forklifts and lifting accessories, hydraulic shop presses, 4th axis rotary tables & controls, huge quantity of factory equipment and stackable bins, perishable tooling, Large Quantity of finished inventory, work in process and raw material consisting of aluminum & steel forged parts manufactured for the automotive industry to include turbine hubs, spiders, inner race parts, flanges, adapters, reactors & more! (Product lines may be offered for sale.) & 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

Pre-Approval by Corporate Assets Inc. will be required to participate in the sale. Potential Bidders must register and be approved (in person for Onsite auctions or online for Live Webcast auctions). Bidders may be asked to complete the "Buyer Deposit Form" and provide a deposit equal to 25% of their requested Purchasing Limit (the maximum amount they plan to spend) plus the Buyer's Premium (see above for applicable Buyer's Premium) and must be made by Interac e-transfers or Direct Bank Wire Transfer¹.

To ensure approval as a Bidder, please contact us to make arrangements as far in advance of the sale as possible. The deposit must be received no later than 1 business day prior to the commencement of the sale². For Bank Wire Transfer details, please contact our office at 416.962.9600 and request to speak with an Accounting Administrator.

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

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.

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

For International (Non-Canadian and Non-U.S. Residents) Buyers all payments and deposits shall ONLY be made by wire transfer.

For Canadian and U.S. Buyers, all payments can be made by wire transfer, certified cheque, bank draft, Interac Debit, Visa, Mastercard, Interac e-transfers, 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, Mastercard will ONLY be accepted for purchases, and not for deposits, from buyers whose total invoice does not exceed $2,500.
Payment by way of Interac e-Transfers will ONLY be accepted for purchases from buyers whose total invoice does not exceed $25,000.
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

Interac E-Transfer Payment Instructions

Removal Details

Applicable for all Purchasers, their employees, riggers, machinery movers, contractors, and agents who participate in the disconnection and/or removal of items purchased at auction.

Please read our Full Terms & Conditions for Removal Requirements

Purchasers are responsible for removing all articles purchased unless an Exclusive Rigger* has been designated for the sale. “CI” on the purchaser’s invoice designates that a proper certificate of insurance is required before any item marked “CI” can be mechanically removed. Furthermore, properly authorized rigger release instructions, in writing, are required by Corporate Assets Inc.’s office before a Purchaser/Mover/Rigger can commence removal of these items. These forms can be downloaded below.

Rigger Release Authorization Form

Sample of 'Certificate of Insurance' or 'CI'

*For sales with Exclusive Riggers, removal fees will apply. Please refer to the posted Lot Catalogue for pricing. Fees do not include container loading, blocking/bracing, specialty packaging, shipping, or other services. Trucking and transport services may be available through a third-party supplier. More details below. The Buyer's Premium does not apply to posted rigging fees.

Shipping Services

For small items where a pallet isn't required or items are already in packages/boxes, Corporate Assets Inc. can arrange shipping via UPS or FedEx or using a buyer’s business account. The cost will be the responsibility of the buyer. Please contact [email protected] to arrange.

* For shipping large items, trucking and transport services are available through Fuze Logistics Inc.

Fuze Logistics Services Inc.
Mr. Chris Tan
941.702.3310
[email protected]
www.fuzelogistics.com

US Inbound Customs Brokers

*Cross border logistics, including fees and customs clearance, are available through third-party brokers.
Montgomery International Brokers Bill Clune or Melanie Koerber 716.875.5100 EXT 105 [email protected] www.montyinternational.com	Omega Customs Brokers Inc Ralph Ronderos 305.592.5656 EXT 1005 [email protected] or [email protected] www.omegacb.com