SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No.____________)(1)
Tarrant Apparel Group
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(Name of Issuer)
Common Stock, par value $0.01 per share
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(Title of Class of Securities)
876289 109
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(CUSIP Number)
May 24, 1999
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[_] Rule 13d-1(b)
[X] Rule 13d-1(c)
[_] Rule 13d-1(d)
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(1) The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
CUSIP No.876289 109 13G Page 2 of 6 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Kamel Nacif Borge
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Republic of Mexico
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 750,000(1)
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 1,724,000(2)
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 750,000(1)
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 1,724,000(2)
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,474,000(1)(2)
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
14.9%(3)
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Includes 750,000 of shares which may be acquired upon exercise of stock
options.
(2) Includes 1,724,000 shares held by Jamil Textil, S.A. de C.V. Kamel Nacif is
a principal shareholder of Jamil Textil, S.A. de C.V. and in such role may
be deemed to beneficially own the shares held by Jamil Textil, S.A. de C.V.
Mr. Nacif disclaims beneficial ownership of such shares except to the
extent of his pecuniary interest therein.
(3) Based on a total of 15,846,315 shares of the issuer's Common Stock issued
and outstanding on October 31, 2002, as reported on the issuer's Form
10-QSB for the period ended September 30, 2002.
CUSIP No.876289 109 13G Page 3 of 6 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Jamil Textil, S.A. de C.V.
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Republic of Mexico
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 0
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 1,724,000
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 0
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 1,724,000
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,724,000
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.9%(3)
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
CO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Includes 750,000 of shares which may be acquired upon exercise of stock
options.
(2) Includes 1,724,000 shares held by Jamil Textil, S.A. de C.V. Kamel Nacif is
a principal shareholder of Jamil Textil, S.A. de C.V. and in such role may
be deemed to beneficially own the shares held by Jamil Textil, S.A. de C.V.
Mr. Nacif disclaims beneficial ownership of such shares except to the
extent of his pecuniary interest therein.
(3) Based on a total of 15,846,315 shares of the issuer's Common Stock issued
and outstanding on October 31, 2002, as reported on the issuer's Form
10-QSB for the period ended September 30, 2002.
CUSIP No. 876289 109 13G Page 4 of 6 Pages
Item 1(a). Name of Issuer:
Tarrant Apparel Group
____________________________________________________________________
Item 1(b). Address of Issuer's Principal Executive Offices:
3151 East Washington Boulevard
Los Angeles, California 90023
____________________________________________________________________
Item 2(a). Name of Person Filing:
Kamel Nacif Borge ("Nacif")
Jamil Textil, S.A. de C.V., a corporation organized under the laws
of the Republic of Mexico ("Jamil")
Nacif disclaims beneficial ownership of the shares held by Jamil
except to the extent of his pecuniary interest therein.
____________________________________________________________________
Item 2(b). Address of Principal Business Office, or if None, Residence:
The principal business address of the Reporting Persons is located
at:
Edgar Allen Poe #231
Col. Polanco, C.P. 11550
Mexico, D.F.
____________________________________________________________________
Item 2(c). Citizenship:
See Row 4 of the cover page for each Reporting Person.
____________________________________________________________________
Item 2(d). Title of Class of Securities:
Common Stock, par value $0.01 per share
____________________________________________________________________
Item 2(e). CUSIP Number:
876289 109
____________________________________________________________________
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), Check Whether the Person Filing is a:
Not Applicable
____________________________________________________________________
Item 4. Ownership.
See Rows 5 through 9 and 11 of the cover page for each Reporting
Person.
____________________________________________________________________
CUSIP No. 876289 109 13G Page 5 of 6 Pages
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities check the following [ ].
Not Applicable
_______________________________________________________________________
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
Not Applicable
_______________________________________________________________________
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company or Control
Person.
Not Applicable
_______________________________________________________________________
Item 8. Identification and Classification of Members of the Group.
Not Applicable
_______________________________________________________________________
Item 9. Notice of Dissolution of Group.
Not Applicable
_______________________________________________________________________
Item 10. Certifications.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any transaction
having that purpose or effect.
CUSIP No. 876289 109 13G Page 6 of 6 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
March 27, 2003 /s/ Kamel Nacif Borge
-----------------------------------
Kamel Nacif Borge
March 27, 2003 JAMIL TEXTIL, S.A. de C.V.
By: /s/ Kamel Nacif Borge
-------------------------------
Name: Kamel Nacif Borge
Title: President
EXHIBIT 1
SCHEDULE 13G
AGREEMENT TO FILE A JOINT STATEMENT ON SCHEDULE 13G
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13G shall be filed on behalf
of each of the undersigned without the necessity of filing additional joint
filing agreements. The undersigned acknowledge that each shall be responsible
for the timely filing of such amendments, and for the completeness and accuracy
of the information concerning it contained therein, but shall not be responsible
for the completeness and accuracy of the information concerning the others,
except to the extent that it knows or has reason to believe that such
information is inaccurate. This Agreement may be executed in any number of
counterparts and all of such counterparts taken together shall constitute one
and the same instrument.
March 27, 2003 /s/ Kamel Nacif Borge
-----------------------------------
Kamel Nacif Borge
March 27, 2003 JAMIL TEXTIL, S.A. de C.V.
By: /s/ Kamel Nacif Borge
-------------------------------
Name: Kamel Nacif Borge
Title: President