U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

              [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934
                For the quarterly period ended September 30, 2006

                                       OR

              [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934
               For the transition period from ________ to ________


                              Radale Imports, Inc.
             (Exact name of registrant as specified in its charter)


    Nevada                            000-49708                      33-0684067
    ------                            ---------                      ----------
  (state of                   (Commission File Number)             (IRS Employer
incorporation)                                                      I.D. Number)

                                 P. O. Box 1990
                            Rancho Santa Fe, CA 92067
                                  858-756-3011
             -------------------------------------------------------
             (Address and telephone number of registrant's principal
               executive offices and principal place of business)

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act  during  the past  twelve  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 [ ]

As of November 15, 2006, there were 2,138,150 shares of the Registrant's  Common
Stock, par value $0.001 per share, outstanding.

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

Transitional Small Business Disclosure Format (check one): Yes [ ] No [X]



<PAGE>

                                TABLE OF CONTENTS

                                                                            Page
                                                                            ----

PART I - FINANCIAL INFORMATION                                              3

Item 1.  Financial Statements                                               3

Item 2.  Management's Discussion and Analysis or Plan of Operation          9

Item 3.  Controls and Procedures                                            10

PART II - OTHER INFORMATION                                                 11

Item 1.  Legal Proceedings                                                  11

Item 6.  Exhibits and Reports on Form 8-K                                   11

SIGNATURES                                                                  12


















                                       2
<PAGE>

                         PART I - FINANCIAL INFORMATION



Item 1.           Financial Statements


                                                                            PAGE
                                                                            ----

CONDENSED BALANCE SHEETS
     SEPTEMBER 30, 2006 (UNAUDITED) AND MARCH 31, 2006                         4

CONDENSED STATEMENTS OF OPERATIONS THREE AND SIX MONTHS
     SEPTEMBER 30, 2006 AND 2005 AND PERIOD FROM AUGUST 18, 1995
     (DATE OF INCEPTION) THROUGH SEPTEMBER 30, 2006 (UNAUDITED)                5

CONDENSED STATEMENTS OF CASH FLOWS SIX MONTHS
     ENDED SEPTEMBER 30, 2006 AND 2005 AND PERIOD FROM
     AUGUST 18, 1995 (DATE OF INCEPTION) THROUGH
     SEPTEMBER 30, 2006(UNAUDITED)                                             6

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS                            7-8























                                       3
<PAGE>
<TABLE>
<CAPTION>

                              RADALE IMPORTS, INC.
                          (A Development Stage Company)

                            CONDENSED BALANCE SHEETS
                SEPTEMBER 30, 2006 (UNAUDITED) AND MARCH 31, 2006


                                                               September 30,      March 31,
                                                                    2006             2006
                                                               -------------    -------------
                                                                (Unaudited)
<S>                                                            <C>              <C>

                                     ASSETS
                                     ------

Current assets - cash                                          $         443    $          28

Related party receivables, net of reserve
     for doubtful accounts of $227,286                                  --               --
                                                               -------------    -------------



           Total assets                                        $         443    $          28
                                                               =============    =============


                    LIABILITIES AND STOCKHOLDERS' DEFICIENCY
                    ----------------------------------------

Current liabilities:
     Accounts payable                                          $      49,261    $      41,204
     Borrowings under line of credit                                  32,001           31,556
     Related party payables                                        1,125,994        1,049,806
                                                               -------------    -------------
           Total liabilities                                       1,207,256        1,122,566
                                                               -------------    -------------

Stockholders' deficiency:
     Preferred stock, $.001 par value; 10,000,000 shares
        authorized; none issued                                         --               --
     Common stock, $.001 par value; 40,000,000 shares
        authorized; 2,138,150 shares issued and outstanding            2,138            2,138
     Additional paid-in capital                                      168,853          168,853
     Deficit accumulated during the development stage             (1,377,804)      (1,293,529)
                                                               -------------    -------------
           Total stockholders' deficiency                         (1,206,813)      (1,122,538)
                                                               -------------    -------------

           Total liabilities and stockholders' deficiency      $         443    $          28
                                                               =============    =============
</TABLE>





See Notes to Unaudited Condensed Financial Statements.

                                       4
<PAGE>
<TABLE>
<CAPTION>

                              RADALE IMPORTS, INC.
                          (A Development Stage Company)

                       CONDENSED STATEMENTS OF OPERATIONS
              THREE AND SIX MONTHS ENDED SEPTMBER 30, 2006 AND 2005
               AND PERIOD FROM AUGUST 18, 1995 (DATE OF INCEPTION)
                           THROUGH SEPTEMBER 30, 2006
                                   (UNAUDITED)



                                       Three Months Ended             Six Months Ended         Cumulative
                                          September 30,                 September 30,             from
                                       2006           2005           2006           2005        Inception
                                   -----------    -----------    -----------    -----------    -----------
<S>                                <C>            <C>            <C>            <C>            <C>
Operating Expenses:
     General & administrative      $    16,351    $    15,358    $    29,072    $    28,132    $   830,914
     Depreciation & amortization                                                                     7,698
                                   -----------    -----------    -----------    -----------    -----------

             Totals                     16,351         15,358         29,072         28,132        838,612
                                   -----------    -----------    -----------    -----------    -----------

Loss from Operations                   (16,351)       (15,358)       (29,072)       (28,132)      (838,612)
                                   -----------    -----------    -----------    -----------    -----------

Other (Income) Expense:
     Interest Income                                                                               (50,836)
     Interest Expense                   26,162         33,760         55,203         49,493        590,028
                                   -----------    -----------    -----------    -----------    -----------

             Totals                     26,162         33,760         55,203         49,493        539,192
                                   -----------    -----------    -----------    -----------    -----------

Net Loss                           $   (42,513)   $   (49,118)   $   (84,275)   $   (77,625)   $(1,377,804)
                                   ===========    ===========    ===========    ===========    ===========

Net Loss per common share-basic
     and diluted                   $      (.02)   $      (.02)   $      (.04)   $      (.04)

Basic weighted average number
     of common shares                2,138,150      2,138,150      2,138,150      2,138,150
</TABLE>














See Notes to Unaudited Condensed Financial Statements.

                                       5
<PAGE>
<TABLE>
<CAPTION>

                              RADALE IMPORTS, INC.
                          (A Development Stage Company)

                       CONDENSED STATEMENTS OF CASH FLOWS
                SIX MONTHS ENDED SEPTEMBER 30, 2006 AND 2005 AND
                 PERIOD FROM AUGUST 18, 1995 (DATE OF INCEPTION)
                           THROUGH SEPTEMBER 30, 2006
                                   (UNAUDITED)

                                                                                          Cumulative
                                                                                             from
                                                                2006           2005        Inception
                                                            -----------    -----------    -----------
<S>                                                         <C>            <C>            <C>
Operating activities:
     Net loss                                               $   (84,275)   $   (77,625)   $(1,377,804)
     Adjustments to reconcile net loss to net cash
        used in operating activities:
        Provision for uncollectible related party
           receivables including accrued interest                                             227,286
        Depreciation and amortization                                                           7,698
        Common stock issued for services                                                       21,191
        Changes in operating assets and liabilities:
           Other assets                                                                        (1,105)
           Accounts payable                                       8,057         (2,867)        49,261
           Interest receivable from related parties                                           (50,836)
           Interest payable to related parties                   52,588         45,430        569,408
                                                            -----------    -----------    -----------
                Net cash used in operating activities           (23,630)       (35,062)      (554,901)
                                                            -----------    -----------    -----------

Investing activities:
     Purchase of property and equipment                                                        (6,593)
     Advances to related parties                                                             (176,450)
                                                                                          -----------
                Net cash used in investing activities                                        (183,043)
                                                                                          -----------

Financing activities:
     Net proceeds from loans payable to related party            23,600         30,322        556,586
     Net proceeds from (payment on) line of credit                  445           (228)        32,001
     Proceeds from issuance of common stock                                                   149,800
     Cash overdraft                                                               --
                                                            -----------    -----------    -----------
                Net cash provided by financing activities        24,045         30,094        738,387
                                                            -----------    -----------    -----------

Net (decrease) increase in cash                                     415         (4,968)           443

Cash, beginning of period                                            28          6,144           --
                                                            -----------    -----------    -----------

Cash, end of period                                         $       443    $     1,176    $       443
                                                            ===========    ===========    ===========
</TABLE>







See Notes to Unaudited Condensed Financial Statements.

                                       6
<PAGE>

                              RADALE IMPORTS, INC.
                          (A Development Stage Company)

                NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS


Note 1 - Unaudited interim financial statements:
            The accompanying  unaudited condensed financial statements of Radale
            Imports,  Inc. (the "Company") have been prepared in accordance with
            accounting  principles  generally  accepted in the United  States of
            America for interim financial  information and with the instructions
            to  Form  10-QSB.  Accordingly,  they  do  not  include  all  of the
            information   and  footnotes   required  by  accounting   principles
            generally  accepted  in the United  States of America  for  complete
            financial statements. In the opinion of management,  all adjustments
            (consisting of normal recurring accruals) considered necessary for a
            fair presentation have been included.  Operating results for the six
            months ended  September 30, 2006 are not  necessarily  indicative of
            the results that may be expected for the year ending March 31, 2007.
            The  unaudited  condensed  financial  statements  should  be read in
            conjunction  with the audited  financial  statements  and  footnotes
            thereto  included in the  Company's  March 31, 2006 Annual Report on
            Form 10-KSB.

Note 2 - Business organization and policies:

            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  reported  amounts  and  disclosures.
                  Accordingly, actual results could differ from those estimates.

            Earnings (loss) per share:
                  The Company  follows the  provisions of Statement of Financial
                  Accounting Standards No. 128, Earnings per Share ("SFAS 128").

                  Basic  earnings  (loss)  per  common  share is  calculated  by
                  dividing net income or loss applicable to common shares by the
                  weighted  average number of common shares  outstanding  during
                  the period.  The  calculation  of diluted  earnings per common
                  share is similar to that of basic  earnings per common  share,
                  except that  dilutive  earnings per common share  reflects the
                  amount of earnings  for the period  available to each share of
                  common stock outstanding  during the reporting  period,  while
                  giving  effect to all dilutive  potential  common  shares that
                  were outstanding  during the period such as common shares that
                  could  result from the  potential  exercise or  conversion  of
                  securities and debt into common stock.  There are  potentially
                  no dilutive  common shares  outstanding  for the three and six
                  months ended September 30, 2006 and 2005.




                                       7
<PAGE>

                              RADALE IMPORTS, INC.
                          (A Development Stage Company)

                NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS



Note 3 - Basis of presentation:
            The  accompanying   financial   statements  have  been  prepared  in
            conformity  with  accounting  principles  generally  accepted in the
            United  States of  America  which  contemplate  continuation  of the
            Company as a going  concern  and the  realization  of the  Company's
            assets and the  satisfaction of its liabilities in the normal course
            of  business.   As  of  September  30,  2006,  the  Company  has  an
            accumulated  deficit of $1,377,804 and a  stockholders'  and working
            capital  deficiency of  $1,206,813.  Management  plans to obtain the
            additional  funds to  enable  the  Company  to  continue  as a going
            concern through the sale of equity  securities to private  investors
            pursuant to a private  placement  memorandum.  Due to the  Company's
            recurring  losses  and  stockholders'  deficiency,  there  can be no
            assurance  that the  Company  will be able to obtain the  additional
            funds, which may impact the Company's ability to continue as a going
            concern.  The accompanying  financial  statements do not include any
            adjustments  related to the  recoverability  and  classification  of
            assets or the amounts and  classification  of liabilities that might
            be necessary should the Company be unable to continue its operations
            as a going concern.

Note 4 - Related party receivables, net:
            Related  party  receivables  of  $227,286 as of  September  30, 2006
            include  accrued  interest of $50,836.  The  receivables  arose from
            periodic  borrowings from the Company by stockholders  and officers.
            All unpaid  amounts were due no later than March 31,  2001,  and are
            currently  in  default.  The  Company's  principal  stockholder  has
            guaranteed the repayment of the principal and all accrued  interest.
            As a consideration to the stockholder for the guarantee, the debtors
            pledged their stock to the  principal  stockholder.  Currently,  the
            Company has not commenced collection of the receivables.  Because of
            the uncertainty  about the  collectability  of the  receivables,  no
            interest income was accrued in the three and six-month periods ended
            September 30, 2006 and 2005. The total receivables including accrued
            interest of $227,286  have been fully  reserved  through a provision
            charged to operations in the year ended March 31, 2001.

Note 5 - Related party payables:
            Related party payables as of September 30, 2006 totaled  $1,125,994,
            which  includes  notes  payable of $556,585 and accrued  interest of
            $569,409.  The notes bear interest with rates ranging from 5% to 10%
            and are currently in default.













                                       8
<PAGE>

Item 2.           Management's Discussion and Analysis or Plan of Operation

         The following  discussion  and analysis  should be read in  conjunction
with the  financial  statements  and the  accompanying  notes thereto for period
ended  September  30, 2006 and is qualified in its entirety by the foregoing and
by more  detailed  financial  information  appearing  elsewhere.  See  "Item  1.
Financial Statements." The discussion includes management's expectations for the
future.

         Such  expressions of  expectation  are not historical in nature and are
considered   forward-looking  statements  within  the  meaning  of  the  Private
Securities Litigation Reform Act of 1995. Forward-looking statements are subject
to risks  and  uncertainties  that may cause  actual  future  results  to differ
materially from those expressed in any forward-looking statement. Such risks and
uncertainties  are discussed in the Risk Factors section of our Annual Report on
Form 10-KSB. Copies of that filing may be obtained by contacting Anne Ash of our
company at P. O. Box 1990, Rancho Santa Fe, CA 92067, telephone (858) 756-3011.

Plan of Operation for the Next Twelve Months

         Our current  business plan is to seek,  investigate  and, if warranted,
acquire  one or more  properties  or  businesses,  and to pursue  other  related
activities  intended to enhance shareholder value. The acquisition of a business
opportunity  may be made by purchase,  merger,  exchange of stock, or otherwise,
and may encompass  assets or a business  entity,  such as a  corporation,  joint
venture or partnership.  We have no capital,  and it is unlikely that we will be
able to take advantage of more than one such business opportunity.  We intend to
seek opportunities demonstrating the potential of long-term growth as opposed to
short-term earnings.

         As part of this  plan,  we have  reincorporated  in  Nevada in order to
facilitate such  acquisitions.  California law, under which we were incorporated
and were governed,  contains several  provisions of Blue Sky and corporation law
that make a California-incorporated  company less attractive for merger purposes
than a corporation incorporated elsewhere,  including Nevada. Regulations of the
Securities and Exchange Commission still require certain filings under the proxy
rules,  which  filings  represent at least a 30-day delay in  effectuating  such
acquisitions.

         We  are  a  development  stage  Company  and,  since  inception,   have
experienced  significant  liquidity problems. We have no capital resources and a
stockholders'  deficiency.  We have  total  assets  of $443 and  liabilities  of
$1,207,256.

         We propose to carry out our plan of business  as  discussed  above.  We
cannot  predict to what extent its lack of liquidity and capital  resources will
impair  the  consummation  of a  business  combination  or whether we will incur
further  operating losses through any business  entity,  which we may eventually
acquire.

         For the current fiscal year, we anticipate incurring a loss as a result
of legal and accounting  expenses,  expenses  associated with registration under
the Securities  Exchange Act of 1934, and expenses  associated with locating and



                                       9
<PAGE>

evaluating  acquisition   candidates.   We  anticipate  that  until  a  business
combination  is completed with an  acquisition  candidate,  it will not generate
revenues other than interest income, and may continue to operate at a loss after
completing  a  business  combination,  depending  upon  the  performance  of the
acquired business.

Need for Additional Financing

         We do not have  capital  sufficient  to meet our cash needs  during the
next  twelve  months,  including  the costs of  compliance  with the  continuing
reporting  requirements of the Securities  Exchange Act of 1934. We will have to
seek loans or equity  placements  to cover such cash needs.  In the event we are
able to complete a business combination during this period, the lack of existing
capital may be a sufficient impediment to prevent us from accomplishing the goal
of  completing a business  combination.  There is no  assurance,  however,  that
without  funds we will  ultimately  be able to complete a business  combination.
Once a business combination is completed, our needs for additional financing are
likely to increase substantially.

         No commitments to provide additional funds have been made by management
or  other  stockholders.  Accordingly,  there  can  be  no  assurance  that  any
additional  funds  will be  available  to the  Company  to allow it to cover its
expenses as they may be incurred.

         Irrespective  of whether our cash assets prove to be inadequate to meet
our  operational  needs,  we might seek to  compensate  providers of services by
issuances of stock in lieu of cash.

Item 3.           Controls and Procedures

         Evaluation of disclosure  controls and procedures.  The Company carried
out an  evaluation,  under the  supervision  and with the  participation  of the
Company's management,  including the Company's Chief Executive Officer and Chief
Financial  Officer,  of the  effectiveness  of the design and  operation  of the
Company's disclosure controls and procedures as of the end of the period covered
by this report.  Based upon that  evaluation,  the Chief  Executive  Officer and
Chief Financial  Officer  concluded that the Company's  disclosure  controls and
procedures  provide  reasonable  assurances  that the information the Company is
required to disclose  in the  reports it files or submits  under the  Securities
Exchange Act of 1934 is recorded, processed,  summarized and reported within the
time  period  required  by the  Commission's  rules  and  forms.  There  were no
significant  changes in the Company's internal control over financial  reporting
during the period covered by this report that have materially  affected,  or are
reasonably  likely to materially  affect our internal  controls  over  financial
reporting.




                                       10
<PAGE>

                           PART II - OTHER INFORMATION

Item 1.           Legal Proceedings

         We are not, and none of our  property is, a party to any pending  legal
proceedings, and no such proceedings are known to be contemplated.

         No  director,  officer or  affiliate  of the  company,  and no owner of
record or beneficial  owner of more than 5.0% of the  securities of the company,
or any  associate of any such  director,  officer or security  holder is a party
adverse  to the  company or has a material  interest  adverse to the  Company in
reference to any litigation.

Item 6.           Exhibits and Reports on Form 8-K

(a)      Exhibits

         The following  exhibits are filed, by  incorporation  by reference,  as
part of this Form 10-QSB:

Exhibit
Number   Description of Exhibit
------   ----------------------

2        Plan of Merger between Radale Imports, Inc. (a California  corporation)
         and Radale Imports, Inc. (a Nevada corporation)+

3        Amended and Restated Articles of Incorporation*

3.1      Bylaws*

3.2      Articles  of   Incorporation   of  Radale   Imports,   Inc.,  a  Nevada
         corporation+

3.3      Bylaws of Radale Imports, Inc., a Nevada corporation+

3.4      Articles  of Merger  (Pursuant  to NRS  92A.200)  which  merges  Radale
         Imports, Inc., a California corporation,  with and into Radale Imports,
         Inc.,  a Nevada  corporation  with the  Nevada  corporation  being  the
         surviving entity++

14       Code of Ethics for CEO and Senior Financial Officers**

16       Letter of January 14, 2005 from J.H.  Cohn LLP to the SEC regarding its
         concurrence or  disagreement  with the statements  made in Item 4.01 of
         Form 8-K Current Report December 1, 2004***

31       Certification of Chief Executive Officer pursuant to 18 U.S.C.  Section
         1350, as adopted pursuant to Section 302 of the  Sarbanes-Oxley  Act of
         2002.




                                       11
<PAGE>

31.1     Certification of Chief Financial Officer pursuant to 18 U.S.C.  Section
         1350, as adopted pursuant to Section 302 of the  Sarbanes-Oxley  Act of
         2002.


32       Certification of Chief Executive Officer pursuant to 18 U.S.C.  Section
         1350, as adopted pursuant to Section 906 of the  Sarbanes-Oxley  Act of
         2002.

32.1     Certification of Chief Financial Officer pursuant to 18 U.S.C.  Section
         1350, as adopted pursuant to Section 906 of the  Sarbanes-Oxley  Act of
         2002.


         *Previously  filed with Form 10-SB  Commission  file number  000-49708;
incorporated herein.

         **Previously filed with Form 10-KSB FYE 03-31-04 Commission file number
000-49708; incorporated herein.

         ***Previously  filed  with Form 8-K  Current  Report  December  1, 2004
Commission file number 000-49708; incorporated herein.

         +Previously filed with Form 10-KSB FYE 03-31-05  Commission file number
000-49708; incorporated herein.

         ++Previously  filed  with  Form  8-K  Current  Report  August  4,  2006
Commission file number 000-49708; incorporated herein.


                                   SIGNATURES

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

Date:  November 16, 2006                Radale Imports, Inc.



                                        By /s/ Lee D. Dodson
                                          --------------------------------------
                                          Lee D. Dodson, Chief Executive Officer



                                       12