Les, that was the state of them before delivery to me.
As others have said look at some of the older makes, Mine are Pollard, there are Meddings, Warco, Startrite etc.
The older drills still hold their value but if maintained and not abused will last for ever.
By the way, the shape of your drilled holes has nothing to do with the machine, it's down to drill grinding.
Nice Meddings HERE