I would love your input

I have a project for my design class where we have to create a clothing tag for the (made up) company of Basics Inc.

This is what I have so far and I was just wondering what anybody thought about. I would love your suggestions. Just please note that while I may like your suggestions they may not pass by the teacher. It really comes down to what the teacher thinks looks good :)

Click the image to view it larger.

Let me know what you think!

:)