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LORAC TOOL LLC

Company Details

Name: LORAC TOOL LLC
Jurisdiction: Rhode Island
Entity type: Domestic Limited Liability Company
Status: Merged Into An Entity Of Record
Date of Organization in Rhode Island: 27 Aug 2014 (11 years ago)
Date of Dissolution: 22 Apr 2022 (3 years ago)
Date of Status Change: 22 Apr 2022 (3 years ago)
Identification Number: 000977363
ZIP code: 02865
County: Providence County
Principal Address: 650 GEO. WASHINGTON HWY. SUITE 200, LINCOLN, RI, 02865, USA
Purpose: ORNAMENTAL AND JEWELRY FINDINGS
Fictitious names: SEE-MORE DISPLAY AIDS (trading name, 2015-06-03 - )

Industry & Business Activity

NAICS

423940 Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers

This industry comprises establishments primarily engaged in the merchant wholesale distribution of jewelry, precious and semiprecious stones, precious metals and metal flatware, costume jewelry, watches, clocks, silverware, and/or jewelers' findings. Learn more at the U.S. Census Bureau

Agent

Name Role Address
JOSEPH RAHEB, ESQ. Agent 650 GEORGE WASHINGTON HIGHWAY SUITE 201, LINCOLN, RI, 02865, USA

Events

Type Date Old Value New Value
Merged 2022-04-22 LORAC TOOL LLC INTERNATIONAL INSIGNIA CORPORATION on

Filings

Number Name File Date
202208844440 Annual Report 2022-01-29
202104102770 Annual Report 2021-10-27
202069237010 Annual Report 2020-10-23
201921149830 Annual Report 2019-09-20
201877112410 Annual Report 2018-09-10
201750358470 Annual Report 2017-09-25
201609811080 Annual Report 2016-10-03
201584903020 Annual Report 2015-10-21
201562438890 Fictitious Business Name Statement 2015-06-03
201444826980 Articles of Organization 2014-08-27

OSHA's Inspections within Industry

Inspection Nr Report ID Date Opened Site Address
345605364 0112300 2021-10-28 97 JOHNSON STREET, PROVIDENCE, RI, 02905
Inspection Type Referral
Scope Partial
Safety/Health Safety
Close Conference 2021-10-28
Emphasis N: AMPUTATE
Case Closed 2023-12-13

Related Activity

Type Referral
Activity Nr 1827931
Safety Yes

Violation Items

Citation ID 01001
Citaton Type Serious
Standard Cited 19100147 C07 I B
Issuance Date 2021-12-09
Abatement Due Date 2022-01-27
Current Penalty 4506.0
Initial Penalty 7510.0
Final Order 2021-12-22
Nr Instances 1
Nr Exposed 30
Related Event Code (REC) Referral
Gravity 5
FTA Current Penalty 0.0
Citation text line 29 CFR 1910.147(c)(7)(i)(B): Affected employees were not instructed in the purpose and use of the energy control procedure: (a) Worksite: On or about 10/28/2021, the employer did not ensure that affected employees were properly trained in the purpose and use of energy control (lockout/tagout) procedures.
Citation ID 01002
Citaton Type Serious
Standard Cited 19100217 B07 IV B
Issuance Date 2021-12-09
Abatement Due Date 2022-01-27
Current Penalty 6307.8
Initial Penalty 10513.0
Final Order 2021-12-22
Nr Instances 1
Nr Exposed 2
Related Event Code (REC) Referral
Gravity 10
FTA Current Penalty 0.0
Citation text line 29 CFR 1910.217(b)(7)(iv)(b): The "inch" single control was not located so that the worker cannot reach into the point of operation while operating the single control: (a) Worksite: On or about 10/28/2021, the employer did not maintain a safe distance between the "inch" single control and the point of operation of the L & J 150 ton mechanical power press.
343877775 0112300 2019-03-26 97 JOHNSON ST., PROVIDENCE, RI, 02905
Inspection Type Referral
Scope Partial
Safety/Health Safety
Close Conference 2019-03-26
Emphasis N: AMPUTATE
Case Closed 2021-03-31

Related Activity

Type Referral
Activity Nr 1438813
Safety Yes

Violation Items

Citation ID 01001
Citaton Type Serious
Standard Cited 19100147 C01
Issuance Date 2019-04-15
Abatement Due Date 2019-05-30
Current Penalty 3315.0
Initial Penalty 6630.0
Final Order 2019-05-06
Nr Instances 1
Nr Exposed 3
Gravity 5
FTA Current Penalty 0.0
Citation text line 29 CFR 1910.147(c)(1): The employer did not establish a program consisting of an energy control procedure, employee training and periodic inspections to ensure that before any employee performed any servicing or maintenance on a machine or equipment where the unexpected energizing, startup or release of stored energy could occur and cause injury, the machine or equipment shall be isolated from the energy source and rendered inoperative: (a) Worksite: On or about 3/26/2019, the employer had not established a Lockout/Tag-out program for controlling energy sources during machine maintenance and repair work.
Citation ID 01002A
Citaton Type Serious
Standard Cited 19100218 A02
Issuance Date 2019-04-15
Abatement Due Date 2019-05-30
Current Penalty 3315.0
Initial Penalty 6630.0
Final Order 2019-05-06
Nr Instances 1
Nr Exposed 1
Related Event Code (REC) Referral
Gravity 5
FTA Current Penalty 0.0
Citation text line 29 CFR 1910.218(a)(2): The employer did not maintain all forge shop equipment in a condition which will ensure continued safe operation: (a) Worksite: On or about 3/25/2019, the employer did not ensure that the Drop Hammer machine was properly maintained, which resulted in the sling arm (which holds the hammer) slipping off the shaft that drives it, allowing the hammer to fall into the point of operation, and striking the right hand of the victim.
Citation ID 01002B
Citaton Type Serious
Standard Cited 19100218 A02 I
Issuance Date 2019-04-15
Abatement Due Date 2019-05-30
Current Penalty 0.0
Initial Penalty 0.0
Final Order 2019-05-06
Nr Instances 1
Nr Exposed 1
Gravity 5
FTA Current Penalty 0.0
Citation text line 29 CFR 1910.218(a)(2)(i): Records of safety inspections of forging machines were not kept: (a) Worksite: On or about 3/26/2019, the employer was unable to provide records of safety inspections and routine maintenance records for the Drop Hammer Machine.
Citation ID 01002C
Citaton Type Serious
Standard Cited 19100218 A02 II
Issuance Date 2019-04-15
Abatement Due Date 2019-05-30
Current Penalty 0.0
Initial Penalty 0.0
Final Order 2019-05-06
Nr Instances 1
Nr Exposed 1
Gravity 5
FTA Current Penalty 0.0
Citation text line 29 CFR 1910.218(a)(2)(ii): There was no scheduling and recording of inspections of guards and point of operation protection devices at frequent and regular intervals for forging machines: (a) Worksite: On or about 3/26/2019, the employer was unable to provide records of inspections of the Drop Hammer point of operation guard, which did not prevent the hammer from striking the victim when his right hand was in the point of operation.
Citation ID 01002D
Citaton Type Serious
Standard Cited 19100218 A02 III
Issuance Date 2019-04-15
Abatement Due Date 2019-05-30
Current Penalty 0.0
Initial Penalty 0.0
Final Order 2019-05-06
Nr Instances 1
Nr Exposed 1
Gravity 5
FTA Current Penalty 0.0
Citation text line 29 CFR 1910.218(a)(2)(iii): The employer did not train personnel for the proper inspection and maintenance of forging machinery and equipment: (a) Worksite: On or about 3/26/2019, the employer did not ensure that employees performing maintenance and repair work to the Drop Hammer Machine were properly trained to do so.

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
7886788110 2020-07-24 0165 PPP 97 Johnson Street, Providence, RI, 02905
Loan Status Date 2021-06-19
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 66560
Loan Approval Amount (current) 66560
Undisbursed Amount 0
Franchise Name -
Lender Location ID 434162
Servicing Lender Name Citizens Bank, National Association
Servicing Lender Address 1 Citizens Plaza, PROVIDENCE, RI, 02903-1344
Rural or Urban Indicator U
Hubzone Y
LMI Y
Business Age Description Existing or more than 2 years old
Project Address Providence, PROVIDENCE, RI, 02905-0001
Project Congressional District RI-02
Number of Employees 17
NAICS code 334416
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Partnership
Originating Lender ID 434162
Originating Lender Name Citizens Bank, National Association
Originating Lender Address PROVIDENCE, RI
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 67074.24
Forgiveness Paid Date 2021-05-06

Date of last update: 19 Oct 2024

Sources: Rhode Island Department of State