SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
--------------------
SCHEDULE 13G/A
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)(1)
TARRANT APPAREL GROUP
--------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, NO PAR VALUE
--------------------------------------------------------------------------------
(Title of Class of Securities)
876289 109
--------------------------------------------------------------------------------
(CUSIP Number)
December 31, 2003
--------------------------------------------------------------------------------
(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 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 ("Act") 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/A Page 2 of 6 Pages
------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
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 5 SOLE VOTING POWER
OF 1,000,000 (1)
SHARES --------- ---------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 1,724,000 (2)
--------- ---------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 1,000,000 (1)
WITH --------- ---------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,724,000 (2)
------------------ -------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,724,000 (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
9.1% (3)
------------------ -------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
------------------ -------------------------------------------------------------
(1) Includes 1,000,000 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 28,814,763 shares of the issuer's Common Stock issued
and outstanding on February 10, 2004.
CUSIP NO. 876289 109 13G/A Page 3 of 6 Pages
------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
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 5 SOLE VOTING POWER
OF 0
SHARES
--------- ---------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 1,724,000
--------- ---------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 0
WITH
--------- ---------------------------------------------------
8 SHARED DISPOSITIVE POWER
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
6.0% (3)
------------------ -------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
------------------ -------------------------------------------------------------
(1) Includes 1,000,000 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 28,814,763 shares of the issuer's Common Stock issued
and outstanding on February 10, 2004.
ITEM 1 (a) NAME OF ISSUER:
Tarrant Apparel Group
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
3151 East Washington Boulevard
Los Angeles, California 90023
ITEM 2 (a) NAME OF PERSONS 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.
(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.
(c) CITIZENSHIP:
See Row 4 of the cover page for each Reporting Person.
(d) TITLE OF CLASS OF SECURITIES:
Common Stock, no par value
(e) CUSIP NUMBER:
876289 109
ITEM 3 IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 13d-2
(b), 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.
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
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
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 CERTIFICATION
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.
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.
February 17, 2004 /S/ KAMEL NACIF BORGE
-----------------------------------
Kamel Nacif Borge
February 17, 2004 JAMIL TEXTIL, S.A. de C.V.
By: /S/ KAMEL NACIF BORGE
------------------------------
Name: Kamel Nacif Borge
Title: President