SECURITIES AND EXCHANGE COMMISSION
                      Washington, D.C.  20549

                             FORM 10-QSB
(Mark One)

[ X ]     QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
          OF THE SECURITIES EXCHANGE ACT OF 1934

          For the quarterly period ended
                   December 31, 2001
or

[     ]   TRANSITION REPORT PURSUANT TO SECTION 13 OR
          15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

             For the transition period from     to


                      Commission file number 0-29693

                              MSC GROUP, INC.
         (Exact name of registrant as specified in its charter)

           Delaware                                 52-2217569
          (State or other jurisdiction of         (I.R.S. Employer
          incorporation or organization)          Identification No.)

                              29/31 Gul Avenue
                               Singapore City
                              Singapore 629699
              (Address of principal executive offices  (zip code))

                              011 65 863 6626
              (Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934
during the last 12 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                                   No  X

Indicate the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practicable date.

  Class                               Outstanding at December 31, 2001

Common Stock,  $0.0001                           22,018,300


<PAGE>


          PART I -- FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS



               MSC GROUP, INC. AND SUBSIDIARIES
                 (A DEVELOPMENT STAGE COMPANY)


                          CONTENTS

PAGE	1     CONDENSED CONSOLIDATED BALANCE SHEETS AS OF DECEMBER
              31, 2001 (UNAUDITED) AND MARCH 31, 2001

PAGE	2     CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
              AND COMPREHENSIVE LOSS FOR THE THREE AND NINE MONTHS
              ENDED DECEMBER 31, 2001 AND 2000 (UNAUDITED) AND FOR
              THE PERIOD FROM DECEMBER 31, 1999 (INCEPTION) THROUGH
              DECEMBER 31, 2001 (UNAUDITED)

PAGE	3     CONDENSED CONSOLIDATED STATEMENT OF
              STOCKHOLDERS' EQUITY FOR THE NINE MONTHS ENDED
              DECEMBER 31, 2001 (UNAUDITED)

PAGE	4     CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
              FOR THE NINE MONTHS ENDED DECEMBER 31, 2001 AND 2000
              (UNAUDITED) AND FOR THE PERIOD FROM DECEMBER 31, 1999
              (INCEPTION) THROUGH DECEMBER 31, 2001 (UNAUDITED)

PAGES 5 - 9   NOTES TO CONDENSED CONSOLIDATED FINANCIAL
              STATEMENTS (UNAUDITED)

<PAGE>

                      MSC GROUP, INC. AND SUBSIDIARIES
                       (A DEVELOPMENT STAGE COMPANY)
                    CONDENSED CONOLIDATED BALANCE SHEETS
                    ------------------------------------

                                 ASSETS
                                 ------
                                            December 31,
                                                2001           March 31,
                                            (Unaudited)          2001
                                         --------------      -----------
CURRENT ASSETS
 Cash                                      $    398,047      $   174,651
 Other current receivables                       67,361           81,368
                                           ------------      -----------
   Total Current Assets                         465,408          256,019

PROPERTY AND EQUIPMENT, NET                     374,026           77,019

Joint venture agreement advance                  47,717              -
                                           ------------      -----------
TOTAL ASSETS                               $    887,151      $   333,038
------------                               ============      ===========


                  LIABILITIES AND STOCKHOLDERS' EQUITY
                  ------------------------------------

CURRENT LIABILITIES
 Accounts payable and accrued liabilities  $    285,499      $   109,127
 Due to directors                               155,060             -
 Current portion of capitalized leases           81,939            4,466
                                           ------------      -----------
   Total Current Liabilities                    522,498          113,593
                                           ------------      -----------
Long-term portion of capitalized leases          67,462            8,447
                                           ------------      -----------
TOTAL LIABILITIES                               589,960          122,040
                                           ------------      -----------

STOCKHOLDERS' EQUITY
 Preferred Stock, $.0001 par value,
  20,000,000 shares authorized, none
  issued and outstanding                           -               -
 Common stock, $.0001 par value,
  100,000,000 shares authorized,
  22,018,300 and 20,500,000 shares
  issued and outstanding, respectively            2,202            2,050
 Additional paid-in capital                   2,807,431        1,140,000
 Accumulated deficit during
  development stage                          (2,496,913)        (938,725)
 Accumulated other comprehensive
  (loss) income                                 (15,529)           7,673
                                             -----------       ----------
    Total Stockholders' Equity                  297,191          210,998
                                             -----------      -----------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY  $   887,151       $  333,038
------------------------------------------    ===========      ==========

          See accompanying notes to condensed consolidated financial statements.

                                            1

<PAGE>

                      MSC GROUP, INC. AND SUBSIDIARIES
                       (A DEVELOPMENT STAGE COMPANY)
                 CONDENSED CONOLIDATED STATEMENT OF OPERATIONS
                          AND COMPREHENSIVE LOSS
                          ----------------------
                                 (UNAUDITED)

<TABLE>
<CAPTION>
<S>                 <C>            <C>          <C>         <C>         <C>
                                                                        For the
                                                                        Period From
                                                                        December
                    For the        For the      For the     For the     31, 1999
                    Three Months   Thee Months  Nine Months Nine Months (Inception)
                    Ended          Ended        Ended       Ended       Through
                    December       December     December    December    December
                    31, 2001       31, 2000     31, 2001    31, 2000    31, 2001
                    ------------   -----------  ----------  ----------  ------------
REVENUES            $     37,458   $      -     $   37,458  $   -       $     37,458

COST OF SALES             25,140          -         25,140      -             25,140
                    ------------   -----------  ----------  ----------  ------------
GROSS PROFIT              12,318          -         12,318      -             12,318

OPERATING EXPENSES
Selling, general
and administrative       519,797          -       1,570,506      -         2,509,231
                    ------------   -----------   ----------  ----------   ----------
   Total Operating
   Expenses              519,797          -       1,570,506      -         2,509,231
                    ------------   -----------   ----------  ----------   ----------
NET LOSS                (507,479)         -      (1,558,188)     -        (2,496,913)
--------
OTHER COMPREHENSIVE
LOSS
 Loss on foreign
  currency translation   (85,018)         -         (23,202)     -           (15,529)
                     ------------   -----------   ----------   ---------    ----------
TOTAL COMPREHENSIVE
LOSS                 $  (592,497)   $     -      $(1,581,390)  $  -       $(2,512,442)
-------------------  ============    ==========  ===========  =========   ============

Net loss per share -
 basic and diluted   $    (.02)     $     -      $    (.07)   $   -        $  (.12)
                     ============   ==========   ===========  =========    ============
Weighted average
 number of shares
 outstanding - basic
 and diluted          21,773,735    20,000,000   21,526,875    20,000,00    20,481,065
                     ============   ==========   ===========   =========    ===========
</TABLE>

          See accompanying notes to condensed consolidated financial statements.

                                            2
<PAGE>

                      MSC GROUP, INC. AND SUBSIDIARIES
                       (A DEVELOPMENT STAGE COMPANY)
           CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
                    FOR THE NINE MONTHS ENDED DECEMBER 31, 2001
                    -------------------------------------------
                                 (UNAUDITED)
<TABLE>
<CAPTION>
<S>               <C>         <C>     <C>          <C>            <C>      <C>
                                                   Deficit        Accumulated
                                                   Accumulated    Other Com-
                                      Additional   During         prehensive
                    Common Stock      Paid-In      Development    Income
                 Shares      Amount   Capital      Stage          (Loss)     Total
                 ----------  ------   ----------   -----------    --------- ---------
Balance,
March 31, 2001   20,500,000  $2,050   $1,140,000   $ (938,725)    $ 7,673   $   210,998

Other comprehensive
loss                    -        -          -             -       (23,202)      (23,202)

Common stock
issued for cash   1,518,300     152    1,667,431          -           -       1,667,583

Net loss for the
nine months ended
December 31, 2001     -          -         -       (1,558,188)      -        (1,558,188)
                 ---------    ------   ----------  -----------    --------   ----------
BALANCE,
December
31, 2001         22,018,300  $2,202   $2,807,431   $(2,496,913)    $(15,529)  $  297,191
---------        ==========  =======  ==========   =============  ==========  ==========

</TABLE>

          See accompanying notes to condensed consolidated financial statements.

                                            3

<PAGE>

                      MSC GROUP, INC. AND SUBSIDIARIES
                       (A DEVELOPMENT STAGE COMPANY)
              CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
              -----------------------------------------------
                                 (UNAUDITED)
<TABLE>
<CAPTION>
<S>                                    <C>          <C>           <C>
                                                                  For the
                                                                  Period from
                                       For the      For the       December 31,
                                       Nine Months  Nine Months   1999 (Inception)
                                       Ended        Ended         Through
                                       December     December      December
                                       31, 2001     31, 2000      31, 2001
                                       --------     --------      ------------

CASH FLOWS FROM OPERATING ACTIVITIES:
 Net Loss                             $(1,558,188)   $   -        $ (2,496,913)
 Adjustments to reconcile net loss
 to net cash used in operating
 activities:
   Depreciation                            71,635        -              86,244
   Provision for bad debts                 93,420        -              93,420
   Gain on disposal of property,
   plant and equipment                     (2,204)       -              (2,204)
 Changes in operating assets and
 liabilities:
   Increase in other current receivables  (79,413)       -            (160,781)
   Increase in accounts payable and
   accrued liabilities                    176,372        -             307,719
                                        ---------     --------     ------------
     Net Cash Used In
     Operating Activities              (1,298,378)       -          (2,172,515)
                                        ---------     --------     ------------
CASH FLOWS FROM INVESTING ACTIVITIES:
 Purchases of property and equipment     (184,631)       -            (279,872)
 Investment in joint venture              (47,717)       -             (47,717)
 Proceeds from disposal of property,
 plant and equipment                       33,017        -              33,017
                                        ---------     --------     ------------
      Net Cash Used In
      Investing Activities               (199,331)       -            (294,572)
                                        ---------     --------     ------------
CASH FLOWS FROM FINANCING ACTIVITIES:
 Sales of common stock                 1,667,583        -            2,819,285
 Increase in due to directors            155,060        -              155,060
 Payments of financing lease             (78,336)       -              (78,336)
                                        ---------     --------      -----------
      Net Cash Provided By
      Financing Activities             1,744,307        -            2,896,009
                                       ---------      --------      -----------
INCREASE IN CASH AND CASH EQUIVALENTS
PRIOR TO EFFECT OF FOREIGN
CURRENCY TRANSLATION                     246,598        -              428,922

FOREIGN CURRENCY TRANSLATION             (23,202)       -              (30,875)
                                        ---------     --------     ------------
INCREASE IN CASH AND CASH EQUIVALENTS    223,396        -              398,047

CASH AND CASH EQUIVALENTS -
BEGINNING OF PERIOD                      174,651        500              -
                                        ---------     --------      -----------
CASH AND CASH EQUIVALENTS -
END OF PERIOD                          $ 398,047      $ 500         $  398,047
---------------------------            ==========     ========      ===========

NON-CASH INVESTING AND FINANCING ACTIVITIES:
--------------------------------------------
The Company acquired $62,017 of equipment through capital leases.

</TABLE>

          See accompanying notes to condensed consolidated financial statements.

                                            4

<PAGE>
                      MSC GROUP, INC. AND SUBSIDIARIES
                       (A DEVELOPMENT STAGE COMPANY)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                              DECEMBER 31, 2001
                              -----------------
                                 (UNAUDITED)

NOTE 1  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION

(A) Organization

MSC Group, Inc., formerly Eastward Acquisition Corporation (a
development stage company), ("the Company") was incorporated in the
Delaware on March 24, 1999.  On December 29, 2000, the Company
effected a reorganization by acquiring all the outstanding common stock
of Milling Systems & Concepts Private Limited ("MSC") a Singapore
corporation incorporated on December 31, 1999 and its wholly owned
subsidiary MSC Technologies Pte. Ltd. for 20,000,000 shares of
common stock.  The acquisition has been treated as an acquisition of the
Company by MSC and as a recapitalization of the Company for
accounting purposes.  Accordingly, the financial statements include the
balance sheet, which consists of the net assets of the Company and MSC
at historical cost.  As a result of the merger the Company has adopted
the March 31 fiscal year of MSC.

Activities during the development stage include raising capital and
implementing its business plan.

The Company's wholly owned subsidiary MSC is involved in providing
integrated and internet enabled manufacturing solutions.  The Company
intends to market its manufacturing solutions in the NAFTA, Europe
and Asia-Pacific region.

On April 14, 2001, MSC formed MSC Precision Pte. Ltd., a Singapore
corporation, to develop manufacturing solution and concepts for use by
the machine manufacturing industry, design and service centers, mold
and die industry and jigs and tooling manufacturers.

On April 19, 2001, MSC formed MSC Industries (Shanghai) Co. Ltd., a
Republic of China corporation, to develop and manufacture dies, molds,
tools, jigs and fixtures.

On June 7, 2001, MSC formed MSC Solar Systems Pte. Ltd., a
Singapore corporation, to research, develop and commercialize energy
inventions.

On June 28, 2001, MSC formed MSC (Beijing) Logistics Technology
Co. Ltd., a Republic of China corporation, to provide logistics and
consulting services and to develop software.

On July 7, 2001, MSC formed I-MSC.com Pte. Ltd., a Singapore
corporation, to provide internet services and to develop, integrate and
deliver enterprise-wide business intelligent solutions and software
applications.

On July 7, 2001, MSC formed MSC Ventures Group (S) Pte. Ltd., a
Singapore corporation, to perform venture capital funding and asset
management.

                                   5

<PAGE>
                      MSC GROUP, INC. AND SUBSIDIARIES
                       (A DEVELOPMENT STAGE COMPANY)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                              DECEMBER 31, 2001
                              -----------------
                                 (UNAUDITED)

On August 16, 2001, MSC formed MSC Design Pte. Ltd., a Singapore
corporation, to design prototypes for appliances.

On August 16, 2001, MSC formed MSC Prototyping (S) Pte. Ltd., a
Singapore corporation, to manufacture, develop and produce a sample
or model of all types of industrial products, machinery, equipment or
devices and other ancillary activities, appliances and services in
connection therein.

The newly formed MSC subsidiaries did not have any revenue for the
nine months ended December 31, 2001.

(B) Principles of Consolidation

The condensed consolidated financial statements include the accounts of
the Company and its wholly owned subsidiaries.  All significant inter-
company balances and transactions have been eliminated in
consolidation.

(C) Use of Estimates

In preparing the condensed consolidated financial statements in
conformity with accounting principles generally accepted in the United
States of America, management is required to make estimates and
assumptions that affect the reported amounts of assets and liabilities and
the disclosure of contingent assets and liabilities at the date of the
condensed consolidated financial statements and revenues and expenses
during the reported period.  Actual results could differ from those
estimates.

(D) Per Share Data

Basic loss per share is based on the net loss divided by the weighted
average number of shares outstanding.  Diluted loss per common shares
is adjusted to reflect the incremental number of shares issuable under
stock-based compensation plans and contingently issuable shares, if such
adjustments are dilutive.  There were no common stock equivalents
included in diluted loss per share, as their effect would be anti-dilutive.

(E) Revenue Recognition

For the nine months ended December 31, 2001, the Company generated
revenue of $37,458 from its newly formed Singapore corporation, MSC
Design Pte. Ltd.  Design revenue is recognized in this subsidiary as the
design work is completed and billed.  There were no open design
contracts at December 31, 2001.

                                   6

<PAGE>
                      MSC GROUP, INC. AND SUBSIDIARIES
                       (A DEVELOPMENT STAGE COMPANY)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                              DECEMBER 31, 2001
                              -----------------
                                 (UNAUDITED)

(F) Interim Condensed Consolidated Financial Statements

The condensed consolidated financials statements as of December 31,
2001 and for the three and nine months ended December 31, 2001 and
2000 and for the period from December 31, 1999 (inception) through
December 31, 2001 are unaudited.  In the opinion of management, such
condensed consolidated financial statements include all adjustments
(consisting only of normal recurring accruals) necessary for the fair
presentation of the consolidated financial position and the consolidated
results of operations.  The consolidated results of operations for the
three and nine months ended December 31, 2001 are not necessarily
indicative of the results to be expected for the full year.  The condensed
consolidated balance sheet information as of March 31, 2001 was
derived from the audited consolidated financial statements included in
the Company's annual report Form 10-KSB.  The interim condensed
consolidated financial statements should be read in conjunction with that
report.

(G) Going Concern

The Company's condensed consolidated financial statements have been
presented on the basis that it is a going concern, which contemplates the
realization of assets and the satisfaction of liabilities in the normal course
of business.  The Company has a net loss of $1,558,188 and a negative
cash flow from operations of $1,298,378 for the nine months ended
December 31, 2001, and has a working capital deficiency of $57,090
and an accumulated deficit of $2,496,913 at December 31, 2001.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.  The condensed consolidated financial
statements do not include any adjustments that might result from the
outcome of this uncertainty.

The Company anticipates raising additional capital through the issuance
of debt and/or equity securities.  Additionally, management anticipates
that operations which will commence in the fiscal year ending March 31,
2003, will generate profits to absorb overhead expenses.

NOTE 2  AGREEMENTS

(A)    On December 27, 2001, the Company entered into an
       agreement with its landlord to extend the date to acquire
       property currently leased by the Company to December 31,
       2002.  The purchase price of the property shall be agreed to
       by both parties at a price no less than the market valuation of
       $6,000,000 (Singapore).

                                   7
<PAGE>

                      MSC GROUP, INC. AND SUBSIDIARIES
                       (A DEVELOPMENT STAGE COMPANY)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                              DECEMBER 31, 2001
                              -----------------
                                 (UNAUDITED)

(B)    On September 19, 2001 MSC Group executed a joint venture
       agreement with Protolex LLC ("Protolex"), located in
       Washington DC to jointly develop a new motion controller
       for new generation milling and rapid prototyping machines.
       The agreement is effective for 90 days from the date of
       execution and the agreement may be superceded by other
       agreements within the 90-day time frame and may be
       extended based upon mutual consent of both parties.  On
       January 23, 2002, both parties executed an extension of the
       original agreement for 1 year.  Protolex LLC is the
       manufacturer/producer of state of the art electronic
       engineering equipment.  According to the agreement,
       Protolex will complete the design and development of a
       commercial use motor control system according to MSC
       Group's specification and MSC Group will fund the project
       with $200,000.  Upon the down payment of $50,000,
       Protolex was to provide MSC Group with a detailed project
       development plan to meet a three-month completion date
       requirement of producing a working prototype.  MSC Group
       paid Protolex the $50,000 on October 1, 2001 and also paid
       $50,000 on January 31, 2002.  MSC Group will be
       responsible for the final integration and mass production of
       the commercial units.  In accordance with the agreement, each
       party will own its own intellectual property for the effort.
       Additionally, MSC Group will grant Protolex a non-exclusive
       license to sell the product for a sales fee of 12%.  The
       timetable to meet the terms of the joint venture agreement has
       been temporarily delayed due to technical issues in the
       manufacturing process.  Both parties are aware of the issues
       and the project is expected to continue in the second quarter
       of fiscal year 2003.  There have been no revisions to the
       agreement as a result of the issues.  The agreement also
       provides MSC Group the ability to invest up to $8 million in
       Protolex, representing up to 30% ownership of Protolex,
       given the occurrence of certain events, as defined in the
       agreement.  Specifically, the agreement requires MSC Group
       to make an initial investment in Protolex during 2001
       amounting to $2 million and a $2 million investment during
       2002.  MSC Group did not make any of the investments.  As
       discussed above, the timetable to meet the terms of the joint
       venture agreement has been temporarily delayed and there
       have been no changes to the original agreement.

NOTE 3  RELATED PARTY TRANSACTION

Included in other current receivables at December 31, 2001 are
advances to directors and an ex-director of $102,035 for
establishing new operations in China.  The Company has a reserve
of $96,131 relating to amounts advanced to the ex-director who is
no longer with the Company.  The Company is aggressively
pursuing the repayment of the amount owed by the ex-director.

Due to directors at December 31, 2001 of $155,060 consists of
$17,829 of expenses paid on the Company's behalf, $56,729 for
director's fees and salary and an $80,502 overpayment for the
purchase of common stock.

                                   8

<PAGE>

                      MSC GROUP, INC. AND SUBSIDIARIES
                       (A DEVELOPMENT STAGE COMPANY)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                              DECEMBER 31, 2001
                              -----------------
                                 (UNAUDITED)

NOTE 4  SUBSEQUENT EVENTS

(A)    MSC acquired the following subsidiaries subsequent to
       December 31, 2001:

       On January 1, 2002, MSC acquired Modern Handling
       Equipment (Thai) Ltd., ("MHE") a Thailand corporation, for
       approximately $25,000.  MHE provides marketing and after-
       sale service support.  The acquisition was accounted for under
       the purchase method and the excess of the net assets acquired
       over the purchase price resulted in negative goodwill of
       approximately $27,000.  The negative goodwill was applied
       to reduce the basis of the equipment acquired.

       On January 1, 2002, MSC acquired MSC Automation Pte.
       Ltd., ("Automation") a Singapore corporation, for
       approximately $1,400.  Automation designs automation
       systems for industrial use.  The acquisition was accounted for
       under the purchase method and the excess of purchase price
       over the net assets acquired of approximately $16,000 is
       goodwill.  Due to the operating losses of Automation after the
       acquisition, the goodwill was subsequently written off as
       impaired.

(B)    On November 4, 2001 MSC Technologies Private Limited, a
       subsidiary of Milling Systems received an incentive grant from
       the Productivity and Standards Board of Singapore to receive
       grants up to approximately $385,000.  The grant is to be used
       for the research and development of a Rapid Prototype
       machine from January 20, 2001 to June 30, 2002.  On
       February 8, 2002, the Company received approximately
       $92,000 of the grant for reimbursement of expenses incurred.

                                        9

<PAGE>


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

     The following discussion is intended to provide an analysis of the
Company's financial condition and plan of operation and should be read in
conjunction with the Company's condensed financial statements and its
related notes. The matters discussed in this section that are not historical or
current facts deal with potential future circumstances and developments.
Such forward-looking statements include, but are not limited to, the
development plans for the growth of the Company, trends in the results of
the Company's development, anticipated development plans, operating
expenses and the Company's anticipated capital requirements and capital
resources.  The Company's actual results could differ materially from the
results discussed in the forward-looking statements.

     Although the Company believes that the expectations reflected in the
forward-looking statements and the assumptions upon which the forward-
looking statements are based are reasonable, these expectations and
assumptions may not prove to be correct.

Plan of Operation

     MSC Group, Inc. is a holding company with one wholly-owned
subsidiary, Milling Systems & Concepts Private Limited (a Singapore
corporation).  As of December 31, 2001, Milling Systems & Concepts
Private Limited had nine subsidiaries.

Subsidiary                                Date of           Country of
                                          Formation         Registry

MSC Technologies Private Limited        November 14, 2000   Singapore
MSC Precision Private Limited           April 14, 2001      Singapore
MSC Industries (Shanghai) Co., Limited  April 19, 2001      China
MSC Solar Systems Private Limited       June 7, 2001        Singapore
Beijing MSC Logistics
     Technology Co., Limited            June 28, 2001       China
MSC Ventures Group (S) Private Limited  July 7, 2001        Singapore
I-MSC.COM Private Limited               July 7, 2001        Singapore
MSC Rapid Prototyping (S)
     Private Limited                    August 16, 2001     Singapore
MSC Design Private Limited              August 16, 2001     Singapore

     As of December 31, 2001, MSC Design Pte. Ltd. generated
revenues aggregating $37,458 from sales to several customers.

     The Company is marketing its two products, the MSC RP 2000 and
MSC Molding 2000.

     The MSC RP 2000 System is a high-speed milling machine capable
of producing within hours a wood, wax, plastic, light alloy or aluminum
prototype, sample or specimen of any object from a 3-dimensional drawing.
The MSC Molding 2000 is also a high-speed milling machine that produces
a mold or jig from plastic, light alloy or aluminum and can cut or mill and
produce very small features not usually available on traditional
computerized numeric control machines which commonly can only produce
a single product during each manufacturing run.

     The Company's activities have been financed primarily by the sales
of its common stock.  For the fiscal year ended March 31, 2001, capital
contribution from the sale of the Company's common stock was
$1,151,702.  In the quarter ended December 31, 2001, the Company sold
300,000 shares of its common stock at $1.50 per share.

     The Company's condensed financial statements have been presented
on the basis that it is a going concern, which contemplates the realization
of assets and satisfaction of liabilities in the normal course of business.
For the nine months ended December 31, 2001, the Company had a net loss of
$1,558,188 and a negative cash flow from operations of $1,298,378 and an
accumulated deficit and a working capital deficit of $2,496,913 and $57,090,
respectively, at December 31, 2001.  Although the Company incurred a net
loss for the three months ended December 31, 2001, it received its initial
revenues in that period aggregating $37,458.   These conditions raise
substantial doubt about the Company's ability to continue as a going
concern.

     The Company anticipates that it will need to raise additional capital
in the next twelve months to continue its plan of operations through the
issuance of debt and/or equity securities.  Management anticipates that
operations will commence in the fiscal year ending March 31, 2003 which
will generate revenues possibly sufficient to meet operating overhead
expenses.  There is no assurance that revenues will commence by fiscal year
end March 31, 2003, or ever, or if commenced, such revenues will be
sufficient to cover expenses.

     From any revenues or capital contributions it receives, if any, the
Company intends to make investments in research and development and
marketing of its products.  The Company anticipates that by the year 2003,
it will start development of audio and video products, motion controller
cards, wireless PDAs and e-tablets, interacting software for machine to
machine communication.  Any such research and development is dependent
upon the ability of the Company to generate revenue either through sale of
its securities or the start of the sale of its products.   In addition
marketing and research, the Company intends to spend funds, when and if
available, on construction of a manufacturing and office complex and new
equipment.

     There is no assurance that the Company can raise additional funds
either through sales of its securities nor through additional sales of any
of its products.

     In March, 2001, the Company applied to the United States Patent
Office for three provisional patents:

          60/275,497     A method and apparatus for producing a
                         prototype
          60/275,497     A prototype production system and method
          60/275-873     A data processing system for implementing an
                         exchange

     In October 2001, MSC Group filed non-provisional patents for the
above 3 provisional patents to the United States Patent Office.  There can
be no assurance that efforts to perfect the patents will be successful. Failure
to perfect the patents may have a material adverse effect on MSC Group's
business.

     As of December 31, 2001, the Company had 35 full time and 2 part
time employees.  As of March 31, 2002,  the Company had 44 full time
employees.

     In October 2001, he Company purchased five sets of Catia V5
Product Lifecycle Management software from IBM Singapore for use in
Singapore for approximately $60,000.  The Catia V5 shall be resident in
MSC i-MSC.com's collaborative portal where designers, engineers,
manufacturers, and suppliers can meet to procure, request, supply, change
designs or specification, finalize manufacturing contracts and supervise
manufacturing "virtually" on the internet without having a physical presence
in the workshop.  The Catia V5 is the leading engineering platform used by
some of the world's leading engineering companies in automotive,
aerospace and marine sectors.

     On November 4, 2001 MSC Technologies Private Limited received
an incentive grant from the Productivity and Standards Board of Singapore
amounting to $385,000. The grant is to be used for the research and
development of a rapid prototyping machine from January 20, 2001 to June
20, 2002.  During 2001, MSC Group launched a series of research and
development projects in Singapore with the intent to develop several key
technologies in the milling and rapid prototyping industry.  On July 11,
2002, the Company obtained an extension of the grant until December 2002
due to the debugging of the system.

Subsequent Events

     On January 1, 2002, the Company acquired:

     Modern Handling Equipment (Thai) Ltd., a Thailand corporation,
     for approximately $25,000.  Modern Handling Equipment provides
     marketing and after-sale service support.

     MSC Automation Pte. Ltd., a Singapore corporation, for
     approximately $1,400.  MSC Automation Pte designs automation
     systems for industrial use.

                           PART 2 - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

The Company is not aware of any legal proceedings pending or threatened
against it.

ITEM 2. CHANGES IN SECURITIES

Not Applicable

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

Not Applicable

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY
HOLDERS

Not Applicable

ITEM 5. OTHER INFORMATION

None

ITEM 6. EXHIBITS AND REPORTS ON FORM 8K

(a) Exhibits

(b) Reports on Form 8-K

         None


                    SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.

                                     MSC GROUP, INC.


                                     By:  /s/ Steven Mok
                                     President
                                     Dated:  August 12, 2002


                                     By: /s/ Tan Cant Wee
                                     Chief Financial Officer and
                                     Principal Accounting Officer
                                     Dated: August 12, 2002

<PAGE>

                   CERTIFICATION



         By execution below, the Chief Executive Officer and the Chief
Financial Officer hereby certify that the Quarterly Report on Form 10-QSB
for the period ending December 31, 2001, fully complies with the
requirements of Section 13(a) or 15(d) of the Securities Exchange Act of
1934 and the information contained in such periodic report fairly presents,
in all material respects, the financial condition and results of operations of
the issuer.



                                     By:  /s/ Steven Mok
                                     Chief Executive Officer
                                     Dated:  August 12, 2002


                                     By: /s/ Tan Cant Wee
                                     Chief Financial Officer
                                     Dated:  August 12, 2002