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._x000D_ _x000D_ 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._x000D_ _x000D_ 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 ._x000D_ _x000D_ 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._x000D_