Sachin,
Glad you like crosscheck! Unfortunately there is no coverage tool that comes rolled with crosscheck, however, you can write one fairly quickly with the Rhino debugger API.
I was able to whip up this (admittedly lame) coverage tool in about 20 minutes. Obviously, it lacks all the features of a full coverage api (all it does is track line numbers, but the debugger api is quite powerful, and should be capable of everything you're wanting to do.
Note that to use the debugger api, you have to turn off all optimization, which could effect performance.
I've attached a copy of my quick example. Basically, it collects information about your sources, then when you are ready to start calling code, it turns off collection, and then as you make calls, it tracks which lines in which files/functions were called.
cheers,