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 -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.01 per share -------------------------------------------------------------------------------- (Title of Class of Securities) 876289 109 -------------------------------------------------------------------------------- (CUSIP Number) May 24, 1999 -------------------------------------------------------------------------------- (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) ---------- (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