The uses of a magnetic drill are that the fixing being screwed in with the drill will self hold to the drivers tip for ease of fixing. If you refer to a drill with a magnetic base then it sticks hard to metallic surfaces giving a solid hold while drilling.

Wire cutters and screw drivers and a drill.

Chervon - same people that make the cordless Craftsman tools

Drill it out and when replacing use a screw.

A drill machine can mean a hand held electric drill, or a bench drill press or a pillar drill.