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 June 30, 2003

                                       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)

  California                       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)

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 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  August  8,  2003, there were 2,138,150 shares of the Registrant's Common
Stock,  par  value  $0.001  per  share,  outstanding.

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






<PAGE>

Item  1.          Financial  Statements                                    PAGE

CONDENSED  BALANCE  SHEETS
     JUNE  30,  2003  (UNAUDITED)  AND  MARCH  31,  2003                      3

CONDENSED  STATEMENTS  OF  OPERATIONS
     THREE  MONTHS  ENDED  JUNE  30,  2003  AND  2002  AND  PERIOD
     FROM  AUGUST  18,  1995  (DATE  OF  INCEPTION)
     THROUGH  JUNE  30,  2003  (UNAUDITED)                                    4

CONDENSED  STATEMENTS  OF  CASH  FLOWS
     THREE  MONTHS  ENDED  JUNE  30,  2003  AND  2002  AND  PERIOD
     FROM  AUGUST  18,  1995  (DATE  OF  INCEPTION)
     THROUGH  JUNE  30,  2003  (UNAUDITED)                                    5

NOTES  TO  UNAUDITED  CONDENSED  FINANCIAL  STATEMENTS                        6
















                                        2
<PAGE>
                              RADALE IMPORTS, INC.
                          (A Development Stage Company)

                            CONDENSED BALANCE SHEETS
                  JUNE 30, 2003 (Unaudited) AND MARCH 31, 2003

<TABLE>
<CAPTION>
                                                       June  30,     March  31,
                        ASSETS                          2003           2003
                       -------                         ---------    -----------
                                                      (Unaudited)
<S>                                                    <C>            <C>
Current  assets  -  cash                               $      21      $     439

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

        Total  assets                                  $      21      $     439
                                                       =========      =========


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

Current  liabilities:
  Accounts  payable                                    $  29,279      $  28,855
  Borrowings  under  line  of  credit                     32,701         32,886
  Related  party  payables                               723,494        698,540
                                                       ---------      ---------
        Total  liabilities                               785,474        760,281
                                                       ---------      ---------

Commitment

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                                               (956,444)      (930,833)
                                                       ---------      ---------
        Total  stockholders'  deficiency                (785,453)      (759,842)
                                                       ---------      ---------

        Total  liabilities  and stockholders'
          deficiency                                   $      21      $     439
                                                       =========      =========
</TABLE>



             See Notes to Unaudited Condensed Financial Statements.

                                        3
<PAGE>
                              RADALE IMPORTS, INC.
                          (A Development Stage Company)

                       CONDENSED STATEMENTS OF OPERATIONS
              THREE MONTHS ENDED JUNE 30, 2003 AND 2002 AND PERIOD
                    FROM AUGUST 18, 1995 (DATE OF INCEPTION)
                              THROUGH JUNE 30, 2003
                                  (Unaudited)


<TABLE>
<CAPTION>
                                                                     Cumulative
                                                                         from
                                             2003          2002       Inception
                                         -----------   -----------   ----------
Operating  expenses:
<S>                                      <C>           <C>           <C>
     General  and  administrative        $     8,090   $     2,754   $  707,675
     Depreciation  and  amortization                                      7,698
                                         -----------   -----------   ----------
       Totals                                  8,090         2,754      715,373
                                         -----------   -----------   ----------

Loss  from  operations                        (8,090)       (2,754)    (715,373)
                                         -----------   -----------   ----------

Other  (income)  expense:
  Interest  income                                                      (50,836)
  Interest  expense                           17,521        15,689      291,907
                                         -----------   -----------   ----------
       Totals                                 17,521        15,689      241,071
                                         -----------   -----------   ----------

Net  loss                                $   (25,611)  $   (18,443)  $ (956,444)
                                         ===========   ===========   =========

Net loss per common share  - basic       $      (.01)  $      (.01)
                                         ===========   ===========

Basic  weighted  average  number  of
  common  shares                           2,138,150     2,020,018
                                         ===========   ===========
</TABLE>

             See Notes to Unaudited Condensed Financial Statements.

                                        4
<PAGE>
                              RADALE IMPORTS, INC.
                          (A Development Stage Company)

                       CONDENSED STATEMENTS OF CASH FLOWS
              THREE MONTHS ENDED JUNE 30, 2003 AND 2002 AND PERIOD
                    FROM AUGUST 18, 1995 (DATE OF INCEPTION)
                              THROUGH JUNE 30, 2003
                                  (Unaudited)

<TABLE>
<CAPTION>
                                                                     Cumulative
                                                                         from
                                             2003          2002       Inception
                                         -----------   -----------   ----------
Operating  activities:
<S>                                      <C>           <C>           <C>
  Net  loss                              $   (25,611)  $   (18,443)  $ (956,444)
  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                         5,000       21,191
    Changes  in  operating  assets
      and  liabilities:
      Other  assets                                                      (1,105)
      Accounts  payable                          424       (11,132)      29,279
      Interest  receivable  from
        related  parties                                                (50,836)
      Interest  payable  to
        related parties                       16,954        14,818      285,330
                                         -----------   -----------   ----------
        Net cash  used  in
          operating  activities               (8,233)       (9,757)    (437,601)
                                         -----------   -----------   ----------

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                         8,000        11,000      438,164
  Net  proceeds  (repayments)  from
    line of credit                              (185)           26       32,701
  Proceeds from issuance of common stock                                149,800
                                         -----------   -----------   ----------
Net  cash  provided  by  financing
  activities                                   7,815        11,026      620,665
                                         -----------   -----------   ----------

Net  increase  (decrease)  in  cash             (418)        1,269           21

Cash,  beginning  of  period                     439           210
                                         -----------   -----------   ----------

Cash,  end  of  period                   $        21   $     1,479   $       21
                                         ===========   ===========   ==========
</TABLE>



             See Notes to Unaudited Condensed Financial Statements.

                                        5
<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-SB.  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 three months ended June 30, 2003
          are not necessarily indicative of the results that may be expected for
          the  year  ending  March  31,  2004. 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,
          2003  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 potential
               dilutive  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  no potentially dilutive common shares outstanding for
               the  three  months  ended  June  30,  2003  and  2002.



                                        6
<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  June 30, 2003, the Company has an accumulated deficit of $956,444,
          and  a  stockholders'  and  working  capital  deficiency  of $785,453.
          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 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 June 30, 2002 include
          accrued  interest  of  $50,836.  These 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  repayment of the principal and all accrued interest has
          been  guaranteed   by  the   Company's  principal  stockholder.  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 month periods ended June 30,
          2002  and  2001.  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  June 30, 2002 totaled $723,494 which
          includes  notes  payable of $438,164 and accrued interest of $285,330.
          The  notes  bear  interest  at  rates  ranging  from 5% to 10% and are
          currently  in  default.



                                        7
<PAGE>

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

     The  following  discussion  and analysis should be read in conjunction with
the  financial statements and the accompanying notes thereto for the three-month
period ended June 30, 2003 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  Operations  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.

     We  are  in  the  development  stage and, since inception, have experienced
significant  liquidity  problems  and have no capital resources or stockholders'
equity.  We have current assets in the form of cash of only $21, total assets of
$21  and  current  liabilities  of  $785,474.

     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
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.


                                        8
<PAGE>

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.  Due to our recurring losses and
stockholders'  deficiency,  there  can  be  no assurance that we will be able to
obtain the additional funds, which may impact our 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 we be unable to
continue  operations as a going concern.  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.  We maintain controls and
procedures  designed to ensure that information required to be disclosed in this
report  is  recorded, processed, accumulated and communicated to our management,
including  our chief executive officer and our chief financial officer, to allow
timely decisions regarding the required disclosure.  Within the 90 days prior to
the  filing  date  of this report, our management, with the participation of our
chief  executive  officer and chief financial officer, carried out an evaluation
of  the  effectiveness  of the design and operation of these disclosure controls
and  procedures.  Our  chief  executive  officer  and  chief  financial  officer
concluded,  as  of  fifteen  days  prior to the filing date of this report, that
these  disclosure  controls  and  procedures  are  effective.

     Changes  in  internal  controls.  Subsequent  to  the  date  of  the  above
evaluation,  we made no significant changes in our internal controls or in other
factors  that  could  significantly  affect  these controls, nor did we take any
corrective  action,  as  the  evaluation revealed no significant deficiencies or
material  weaknesses.


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:


                                        9
<PAGE>

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

  3          -     Amended  and  Restated  Articles  of  Incorporation*

  3.1        -     Bylaws*

 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.

 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  o

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

(b)   Forms  8-K

      None



                                   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:  August  19,  2003             Radale  Imports,  Inc.


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











                                       10
<PAGE>

                              RADALE IMPORTS, INC.

                          COMMISSION FILE NO. 000-49708


                                INDEX TO EXHIBITS

                                  FORM 10-QSB
                  FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2003



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

Exhibit
Number          Description  of  Exhibit

  3          -     Amended  and  Restated  Articles  of  Incorporation*

  3.1        -     Bylaws*

 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.

 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  o

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