Incorporated in 1995, the Coral India Finance and Housing Ltd, is been promoted by the CORAL GROUP. The company is concentrated on Financing Activities including for Housing. During the year 2000-01, the net profit of the company is declined by over 40% as compared to previous year. The net profit is stood at Rs.17.62 lakhs as against Rs.31.77 lakhs in the previous year. The impact of the economic slowdown on the company's performance has been more severe. However income earned during the year 2000-01, from fund activities was satisfactory . During the year, the company could not make much headway in the housing construction activities in view of depressed market conditions. In a positive measure, the company have come up with an idea of converting the structure into a Resort in order to improve the bottomline of the company.