UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-Q
(MARK ONE)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE
    ACT OF 1934

    FOR THE QUARTERLY PERIOD ENDED FEBRUARY 28, 2011

                                       OR

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT
    OF 1934

    FOR THE TRANSITION PERIOD FROM _________ TO _________

    COMMISSION FILE NUMBER: 333-169554

                              RAINBOW CORAL CORP.
                              -------------------
             (Exact name of registrant as specified in its charter)

            Florida                                        27-3247562
            -------                                        ----------
(State or other jurisdiction of                         (I.R.S. Employer
 incorporation or organization)                        Identification No.)

                                 Louis Foxwell
                                291 LaCosta Rd.
                               Nokomis, FL 34275
                                  941-480-1230
                               -----------------
              (Registrant's telephone number, including area code)

                                 Not Applicable
                                 --------------
              (Former name, former address and former fiscal year,
                         if changed since last report)

         Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes [X] No [ ]

         Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer, or a smaller reporting
company. See the definitions of "large accelerated filer," "accelerated filer"
and "smaller reporting company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer [ ]                        Accelerated filer         [ ]
Non-accelerated filer   [ ]                        Smaller reporting company [X]
(Do not check if smaller reporting company)

         Indicate by check mark whether the registrant is a shell company (as
defined in Rule 12b-2 of the Exchange Act) Yes [X] No [ ]

         Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practicable date. 11,000,000 shares of
common stock are issued and outstanding as of February 28, 2011.

<PAGE>

                               TABLE OF CONTENTS

                                                                            Page
                                                                            ----
                         PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements

         Balance Sheets. ...................................................   4

         Statements of Operations. .........................................   5

         Statements of Stockholders' Equity. ...............................   6

         Statements of Cash Flows. .........................................   7

         Notes to Financial Statements (unaudited). ........................   8

Item 2.  Management's Discussion and Analysis of Financial Condition and
         Results of Operations. ............................................  11

Item 3.  Quantitative and Qualitative Disclosures About Market Risk. .......  11

Item 4T. Controls and Procedures. ..........................................  12

                          PART II - OTHER INFORMATION

Item 1.  Legal Proceedings. ................................................  14

Item 1A. Risk Factors. .....................................................  14

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds. ......  14

Item 3.  Defaults Upon Senior Securities. ..................................  14

Item 4.  Submission of Matters to a Vote of Security Holders. ..............  14

Item 5.  Other Information. ................................................  14

Item 6.  Exhibits. .........................................................  14

                                       2
<PAGE>

           CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Certain statements in this report contain or may contain forward-looking
statements. These statements, identified by words such as "plan", "anticipate",
"believe", "estimate", "should", "expect" and similar expressions include our
expectations and objectives regarding our future financial position, operating
results and business strategy. These statements are subject to known and unknown
risks, uncertainties and other factors which may cause actual results,
performance or achievements to be materially different from any future results,
performance or achievements expressed or implied by such forward - looking
statements. These forward-looking statements were based on various factors and
were derived utilizing numerous assumptions and other factors that could cause
our actual results to differ materially from those in the forward-looking
statements. These factors include, but are not limited to, our ability to secure
suitable financing to continue with our existing business or change our business
and conclude a merger, acquisition or combination with a business prospect,
economic, political and market conditions and fluctuations, government and
industry regulation, interest rate risk, U.S. and global competition, and other
factors. Most of these factors are difficult to predict accurately and are
generally beyond our control. You should consider the areas of risk described in
connection with any forward-looking statements that may be made herein. Readers
are cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date of this report. Readers should carefully review
this report in its entirety, including but not limited to our financial
statements and the notes thereto and the risks described in our Annual Report on
Form 10-K for the fiscal year ended August 31, 2010. We advise you to carefully
review the reports and documents we file from time to time with the Securities
and Exchange Commission (the "SEC"), particularly our quarterly reports on Form
10-Q and our current reports on Form 8-K. Except for our ongoing obligations to
disclose material information under the Federal securities laws, we undertake no
obligation to release publicly any revisions to any forward-looking statements,
to report events or to report the occurrence of unanticipated events.

                          OTHER PERTINENT INFORMATION

When used in this report, the terms, "we," the "Company," "our," and "us" refers
to Rainbow Coral Corp. a Florida corporation.

                                       3
<PAGE>

                              Rainbow Coral Corp.
                         (A Development Stage Company)
                                 Balance Sheet

                                     ASSETS
                                     ------
                                                               As of
                                                    ---------------------------
                                                    February 28,    August 31,
                                                        2011           2010
                                                    (unaudited)     (audited)
                                                    ------------   ------------

CURRENT ASSETS
  Cash and cash equivalents ......................  $     28,289   $      8,912
                                                    ------------   ------------
    Total current assets .........................        28,289          8,912
                                                    ------------   ------------

                                                    ------------   ------------
  TOTAL ASSETS ...................................  $     28,289   $      8,912
                                                    ============   ============

                      LIABILITIES AND STOCKHOLDERS' EQUITY
                      ------------------------------------

CURRENT LIABILITIES
  Accounts payable & Accrued liabilities .........  $        600   $      2,000
                                                    ------------   ------------
    Total liabilities ............................           600          2,000
                                                    ============   ============

STOCKHOLDERS' EQUITY
  Capital Stock (Note 4)
   Authorized:
    100,000,000 common shares, $0.0001 par value
    11,000,000 and 9,000,000 shares issued and
    outstanding at February 28, 2011 and
    August 31, 2010 ..............................  $      1,100   $        900
  Additional paid-in capital .....................        32,900          8,100
  Deficit accumulated during the development stage        (6,311)        (2,088)
                                                    ------------   ------------
  Total Stockholders' Equity .....................        27,689          6,912
                                                    ------------   ------------

  TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY .....        28,289   $      8,912
                                                    ============   ============

   The accompanying notes are an integral part of these financial statements.

                                       4
<PAGE>

                              Rainbow Coral Corp.
                         (A Development Stage Company)
                            Statement of Operations

                                Three Months    Six Months     For the Period
                                   Ended          Ended        from Inception
                                February 28,   February 28,    August 13, 2010
                                    2011           2011              to
                                (Unaudited)    (Unaudited)    February 28, 2011
                                ------------   ------------   -----------------

REVENUES ....................   $         --   $         --   $              --
                                ------------   ------------   -----------------

EXPENSES
  General & Administrative ..            487          1,283               1 371
  Professional Fees .........   $      1,690   $      2,940   $           4,940
                                ------------   ------------   -----------------


Loss Before Income Taxes ....   $     (2,177)  $     (4,223)  $          (6,311)
                                ------------   ------------   -----------------

Provision for Income Taxes ..             --             --                  --
                                ------------   ------------   -----------------


Net Loss ....................   $     (2,177)  $     (4,223)  $          (6,311)
                                ============   ============   =================

PER SHARE DATA:

  Basic and diluted loss per
   common share .............   $      (0.00)  $      (0.00)  $           (0.00)
                                ============   ============   =================

  Basic and diluted weighted
   Average Common shares
   outstanding ..............      9,311,000      9,154,696           9,140,000
                                ============   ============   =================

   The accompanying notes are an integral part of these financial statements.

                                       5
<PAGE>
<TABLE>
                                       Rainbow Coral Corp.
                                  (A Development Stage Company)
                         Statement of Stockholders' Equity (Deficiency)
<CAPTION>
                                                                           Deficit
                                                                         Accumulated
                                           Common Stock      Additional    During the
                                         ------------------   Paid-in     Development
                                           Shares    Amount   Capital        Stage        Total
                                         ----------  ------  ----------  ------------   ---------
<S>                                      <C>         <C>     <C>         <C>            <C>
Inception - August 13, 2010 ...........          --  $   --  $       --  $         --   $      --

  Common shares issued to Founder for
   cash at $0.001 per share (par value
   $0.0001) on August 31, 2010 ........   9,000,000     900       8,100            --       9,000

  Loss for the period from inception on
   August 13, 2010 to August 31, 2010            --      --          --        (2,088)     (2,088)
                                         ----------  ------  ----------  ------------   ---------

Balance - August 31, 2010 .............   9,000,000     900       8,100        (2,088)      6,912
                                         ==========  ======  ==========  ============   =========

Loss for the quarter ended
 November 30, 2010 ....................          --  $   --  $       --  $     (2,046)  $  (2,046)
                                         ----------  ------  ----------  ------------   ---------

Balance - November 30, 2010 ...........   9,000,000  $  900  $    8,100  $     (4,134)  $   4,866
                                         ==========  ======  ==========  ============   =========

  Common shares issued to Investors for
   cash at $0.0125 per share (par value
   $0.0001) on February 14, 2011 ......   2,000,000     200      24,800            --      25,000

Loss for the quarter ended
 February 28, 2011 ....................          --      --          --        (2,177)     (2,177)
                                         ----------  ------  ----------  ------------   ---------

Balance - February 28, 2011 ...........  11,000,000   1,100      32,900        (6,311)     27,689
                                         ==========  ======  ==========  ============   =========

           The accompanying notes are an integral part of these financial statements.

                                                6
</TABLE>
<PAGE>

                              Rainbow Coral Corp.
                         (A Development Stage Company)
                             Statement of Cash Flow

                                                 Six Months     For the Period
                                                   Ended        from Inception
                                                February 28,    August 13, 2010
                                                    2011              to
                                                (Unaudited)    February 28, 2011
                                                ------------   -----------------

OPERATING ACTIVITIES

  Net Loss ...................................  $     (4,223)  $         (6,311)
                                                ------------   ----------------

  Changes in Operating Assets and Liabilities:
  Increase (decrease) in accounts payable
   and accrued liabilities ...................        (1,400)               600
                                                ------------   ----------------
  Net cash used in operating activities ......        (5,623)            (5,711)
                                                ------------   ----------------

FINANCING ACTIVITIES

  Proceeds from stock issued.................         25,000             34,000
                                                ------------   ----------------
  Net cash provided by financing activities           25,000             34,000
                                                ------------   ----------------


INCREASE IN CASH AND CASH EQUIVALENTS ........        21,423             28,289

CASH AND CASH EQUIVALENTS AT BEGINNING OF
 PERIOD ......................................         8,912                 --
                                                ------------   ----------------

CASH AND CASH EQUIVALENTS AT END OF PERIOD ...  $     28,289   $         28,289
                                                ============   ================

Supplemental Cash Flow Disclosures:

  Cash paid for:
    Interest expense .........................  $         --   $             --
                                                ============   ================
    Income taxes .............................  $         --   $             --
                                                ============   ================

   The accompanying notes are an integral part of these financial statements.

                                       7
<PAGE>

                              Rainbow Coral Corp.
                         (A Development Stage Company)

                         NOTES TO FINANCIAL STATEMENTS
                              (February 28, 2011)

NOTE 1. GENERAL ORGANIZATION AND BUSINESS

We are a development stage company and were incorporated in the State of Florida
on August 13, 2010, as a for-profit company, and an established fiscal year end
of August 31. We intend to establish a Coral Farm Facility to develop and
propagate (or grow) live Coral, independent of the oceans as a future farm
reserve against the decline of natural wild reefs. We intend to grow and
distribute as many varieties of Hard and Soft sizes as possible of captive-bred
Corals that are attractive, to as many consumers as possible who can maintain
them in a healthy ecosystems aquarium. We believe that Coral and other marine
aquarium livestock should be supplied by Farms or captive breeders, rather than
removed from the natural reefs. Nearly every other organism in the pet industry
is captive bred. Dogs, Cats, Parrots, etc. are all Farm raised. We believe that
Corals be added to that list via the establishment of our Coral Farm.

We intend to actively acquire specific Parent Colonies to maintain and continue
to grow in our Farm, and the branches of these colonies are anticipated to be
propagated by fragmentation. The fragments or "frags" when properly farmed will
grow into Corals that resemble the parent colony. The parent Coral, or brood
stock, in our Farm regenerates and produces new frags, making the Coral Farm a
self-sustaining and reliable source for Corals. We intend to market over 50
species of Hard and Soft Corals. We intend to acquire these specific genetics
that fit within a criteria suitable for commercial application. It is from these
genetics that our product line is intended to be derived and ultimately sold to
retail stores and consumers.

Rainbow Coral Corp. is in the early stage of developing its business plan. The
Company does not have any products, customers and has not generated any
revenues. The Company must complete the business plan, develop the product and
attract customers before it can start generating revenues.

Through February 28, 2011 the Company was in the development stage and has not
carried on any significant operations and has generated minimal revenues. The
Company has incurred losses since inception aggregating $6,311. The accompanying
financial statements have been prepared assuming that the Company will continue
as a going concern. These matters, among others, raise substantial doubt about
the ability of the Company to continue as a going concern. These financial
statements do not include any adjustments to the amounts and classification of
assets and liabilities that may be necessary should the Company be unable to
continue as a going concern.

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING PRACTICES

Accounting Basis
----------------

The Company is currently a development stage enterprise reporting under the
provisions of Accounting Standards Codification ("ASC") 915 "Development Stage
Entities", which was previously Statement of Financial Accounting Standards
("SFAS") No. 7.

                                       8
<PAGE>

                              Rainbow Coral Corp.
                         (A Development Stage Company)

                         NOTES TO FINANCIAL STATEMENTS
                              (February 28, 2011)

The accompanying unaudited financial statements have been prepared in accordance
with generally accepted accounting principles in the United States of America
for interim financial information and with the instructions to Form 10-Q and
Regulation S-X. Accordingly, the financial statements do not include all of the
information and footnotes required by generally accepted accounting principles
for complete financial statements. In the opinion of management, all adjustments
considered necessary for a fair presentation have been included and such
adjustments are of a normal recurring nature. These financial statements should
be read in conjunction with the financial statements for the year ended August
31, 2010 and notes thereto and other pertinent information contained in our Form
S-1/A the Company has filed with the Securities and Exchange Commission
(the"SEC").

The results of operations for the three and six month period ending February 28,
2011 are not necessarily indicative of the results for the full fiscal year
ending August 31, 2011.

Cash and Cash Equivalents
-------------------------

For the purpose of the financial statements cash equivalents include all highly
liquid investments with maturity of three months or less.

Earnings (Loss) per Share
-------------------------

The basic earnings (loss) per share are calculated by dividing the Company's net
income available to common shareholders by the weighted average number of common
shares outstanding during the year. The diluted earnings (loss) per share are
calculated by dividing the Company's net income (loss) available to common
Shareholders by the diluted weighted average number of shares outstanding during
the year. The diluted weighted average number of shares outstanding is the basic
weighted number of shares adjusted as of the first of the year for any
potentially dilutive debt or equity. There are no diluted shares outstanding for
any periods reported.

Dividends
---------

The Company has not adopted any policy regarding payment of dividends. No
dividends have been paid during the periods shown, and none are contemplated in
the near future.

Income Taxes
------------

The Company adopted FASB ASC 740, Income Taxes, at its inception deferred tax
assets and liabilities are recognized for the future tax consequences
attributable to differences between the financial statement carrying amounts of
existing assets and liabilities and their respective tax bases. Deferred tax
assets, including tax loss and credit carryforwards, and liabilities are
measured using enacted tax rates expected to apply to taxable income in the
years in which those temporary differences are expected to be recovered or
settled. The effect on deferred tax assets and liabilities of a change in tax
rates is recognized in income in the period that includes the enactment date.

                                       9
<PAGE>

                              Rainbow Coral Corp.
                         (A Development Stage Company)

                         NOTES TO FINANCIAL STATEMENTS
                              (February 28, 2011)

Deferred income tax expense represents the change during the period in the
deferred tax assets and deferred tax liabilities. The components of the deferred
tax assets and liabilities are individually classified as current and
non-current based on their characteristics. Deferred tax assets are reduced by a
valuation allowance when, in the opinion of management, it is more likely than
not that some portion or all of the deferred tax assets will not be realized. No
deferred tax assets or liabilities were recognized as of February 28, 2011.

Advertising
-----------

The Company will expense advertising as incurred. The advertising since
inception has been $0.

Use of Estimates
----------------

The preparation of financial statements in conformity with accounting principles
generally accepted in the United States of America requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements and the reported amounts of revenue and expenses during
the reporting period. Actual results could differ from those estimates.

Revenue and Cost Recognition
----------------------------

The Company has no current source of revenue; therefore the Company has not yet
adopted any policy regarding the recognition of revenue or cost.

Property
--------

The company does not own any real estate or other properties. The company's
office is located 291 LaCosta Rd. Nokomis, FL 34275. Our contact number is 941
480 1230. The business office is located at the home of Louis Foxwell, the CEO
of the company at no charge to the company.

Recently Issued Accounting Pronouncements
-----------------------------------------

The Company has adopted all recently issued accounting pronouncements. The
adoption of the accounting pronouncements, including those not yet effective, is
not anticipated to have a material effect on the financial position or results
of operations of the Company.

NOTE 3. SUBSEQUENT EVENTS

We have evaluated events and transactions that occurred subsequent to February
28, 2011 through the date the financial statements were available to be issued,
for potential recognition or disclosure in the accompanying financial
statements. We did not identify any events or transactions that should be
recognized or disclosed in the accompanying financial statements.

                                       10
<PAGE>

ITEM 2. MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
        OPERATION

Overview

Rainbow Coral Corp. is a development stage company and was incorporated in
Florida on August 13, 2010 to establish a Coral Farm Facility to develop and
propagate (or grow) live Coral, independent of the oceans as a future farm
reserve against the decline of natural wild reefs. It has no operations and in
accordance with SFAS #7 is considered to be in the development stage.

Results of Operations
---------------------

The following discussion should be read in conjunction with the condensed
financial statements and segment data and in conjunction with the Company's S-1
and amended S-1/A's. Results or interim periods may not be indicative of results
for the full year.

During the first quarter of the fiscal year 2011, the Company was focused on
preparing the documentation required to be filed with the Securities and
Exchange Commission (SEC) and with the Financial Industry Regulatory Authority
(FINRA). Our registration was deemed effective as of January 10, 2011.

Results of Operations

The Company did not generate any revenue during the three and six months ended
February 28, 2011.

Total expenses the three (3) and six (6) months ending February 28, 2011 were
$2,177 and $4,223, respectively. This resulted in an operating loss for the
three and six month periods of $2,177 and $4,223, respectively. Basic net loss
per share amounting to $.00 for the three (3) and six (6)months ending February
28, 2011.

General and Administrative expenses consisted primarily of filing and
professional fees for the three (3) and six (6) months ending February 28, 2011.

Accounts payable for the period ending February 28, 2011 were $600.

Liquidity and Capital Resources
-------------------------------

At February 28, 2011 we had working capital of $27,689 consisting of cash on
hand of $28,289 as compared to working capital of $6,912 at August 31, 2010 and
cash of $8,912.

Net cash used in operating activities for the three months ended February 28,
2011 was $2,177 as compared to $88 for the period from inception on August 13,
2010 through August 31, 2010.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

Not applicable to a smaller reporting company.

                                       11
<PAGE>

ITEM 4T. CONTROLS AND PROCEDURES

        Management's Report On Internal Control Over Financial Reporting
        ----------------------------------------------------------------

Our management is responsible for establishing and maintaining adequate internal
control over financial reporting. Internal control over financial reporting is
defined in Rule 13a-15(f) or 15d-15(f) promulgated under the Securities Exchange
Act of 1934 as a process designed by, or under the supervision of, the company's
principal executive and principal financial officers and effected by the
company's board of directors, management and other personnel, to provide
reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with
accounting principles generally accepted in the United States of America and
includes those policies and procedures that:

   -  Pertain to the maintenance of records that in reasonable detail accurately
      and fairly reflect the transactions and dispositions of the assets of the
      company;

   -  Provide reasonable assurance that transactions are recorded as necessary
      to permit preparation of financial statements in accordance with
      accounting principles generally accepted in the United States of America
      and that receipts and expenditures of the company are being made only in
      accordance with authorizations of management and directors of the company;
      and

   -  Provide reasonable assurance regarding prevention or timely detection of
      unauthorized acquisition, use or disposition of the company's assets that
      could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting
may not prevent or detect misstatements. Projections of any evaluation of
effectiveness to future periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the degree of compliance
with the policies or procedures may deteriorate. All internal control systems,
no matter how well designed, have inherent limitations. Therefore, even those
systems determined to be effective can provide only reasonable assurance with
respect to financial statement preparation and presentation. Because of the
inherent limitations of internal control, there is a risk that material
misstatements may not be prevented or detected on a timely basis by internal
control over financial reporting. However, these inherent limitations are known
features of the financial reporting process. Therefore, it is possible to design
into the process safeguards to reduce, though not eliminate, this risk.

As of February 28, 2011 management assessed the effectiveness of our internal
control over financial reporting based on the criteria for effective internal
control over financial reporting established in Internal Control--Integrated
Framework issued by the Committee of Sponsoring Organizations of the Treadway
Commission ("COSO") and SEC guidance on conducting such assessments. Based on
that evaluation, they concluded that, during the period covered by this report,
such internal controls and procedures were not effective to detect the
inappropriate application of US GAAP rules as more fully described below. This
was due to deficiencies that existed in the design or operation of our internal
controls over financial reporting that adversely affected our internal controls
and that may be considered to be material weaknesses.

                                       12
<PAGE>

The matters involving internal controls and procedures that our management
considered to be material weaknesses under the standards of the Public Company
Accounting Oversight Board were: (1) lack of a functioning audit committee due
to a lack of a majority of independent members and a lack of a majority of
outside directors on our board of directors, resulting in ineffective oversight
in the establishment and monitoring of required internal controls and
procedures; (2) inadequate segregation of duties consistent with control
objectives; and (3) ineffective controls over period end financial disclosure
and reporting processes. The aforementioned material weaknesses were identified
by our Chief Executive Officer in connection with the review of our financial
statements as of February 28, 2011.

Management believes that the material weaknesses set forth in items (2) and (3)
above did not have an effect on our financial results. However, management
believes that the lack of a functioning audit committee and the lack of a
majority of outside directors on our board of directors results in ineffective
oversight in the establishment and monitoring of required internal controls and
procedures, which could result in a material misstatement in our financial
statements in future periods.

Management's Remediation Initiatives
------------------------------------

In an effort to remediate the identified material weaknesses and other
deficiencies and enhance our internal controls, we have initiated, or plan to
initiate, the following series of measures:

We will create a position to segregate duties consistent with control objectives
and will increase our personnel resources and technical accounting expertise
within the accounting function when funds are available to us. And, we plan to
appoint one or more outside directors to our board of directors who shall be
appointed to an audit committee resulting in a fully functioning audit committee
who will undertake the oversight in the establishment and monitoring of required
internal controls and procedures such as reviewing and approving estimates and
assumptions made by management when funds are available to us.

Management believes that the appointment of one or more outside directors, who
shall be appointed to a fully functioning audit committee, will remedy the lack
of a functioning audit committee and a lack of a majority of outside directors
on our Board.

We anticipate that these initiatives will be at least partially, if not fully,
implemented by November 30, 2011. Additionally, we plan to test our updated
controls and remediate our deficiencies by February 28, 2011.

Changes in internal controls over financial reporting
-----------------------------------------------------

There was no change in our internal controls over financial reporting that
occurred during the period covered by this report, which has materially
affected, or is reasonably likely to materially affect, our internal controls
over financial reporting.

                                       13
<PAGE>

                          PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

None.

ITEM 1A. RISK FACTORS.

Not applicable to a smaller reporting company.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

None.

ITEM 5. OTHER INFORMATION.

None.

ITEM 6. EXHIBITS.

31.1    Rule 13(a)-14(a)/15(d)-14(a) Certification of principal executive
        officer

31.2    Rule 13(a)-14(a)/15(d)-14(a) Certification of principal financial and
        accounting officer

32.1    Section 1350 Certification of principal executive officer and principal
        financial and accounting officer

                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                        RAINBOW CORAL CORP.

                                        BY: /s/ Louis Foxwell
                                            -----------------
                                            Louis Foxwell
                                            President, Secretary, Treasurer,
                                            Principal Executive Officer,
                                            Principal Financial and Accounting
                                            Officer and Sole Director

                                        Dated: March 28, 2011

                                       14