SECURITIES AND EXCHANGE COMMISSION
             Washington, D.C.  20549

                   FORM 10-KSB
(Mark One)
[ X ]     ANNUAL REPORT UNDER SECTION 13 OR 15(d)
     OF THE SECURITIES EXCHANGE ACT OF 1934

           For the fiscal year ended
                 March 31, 2002
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 small business issuer 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 629669
(Address of principal executive offices)  (zip code)

Issuer's Telephone Number:         011 6863 6626

Securities registered under Section 12(g) of the Exchange Act:
Common Stock, $.0001 par value per share

Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act 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

Check if there is no disclosure of delinquent filers in response to Item
405 of Regulation S-B is not contained in this form, and no disclosure
will be contained, to the best of registrant's knowledge, in definitive
proxy or information statements incorporated by reference in Part III
of this Form 10-KSB or any amendment to this Form 10-KSB.  [ X  ]

State issuer's revenues for its most recent fiscal year.    $ 107,120

State the aggregate market value of the voting and non-voting
common equity held by non-affiliates computed by reference to the
price at which the common equity was sold, or the average bid and
asked price of such common equity, as of a specified date within the
past 60 days.       $7,502,000 (at $1.00/share as of February 2002)

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

 Class                                       Outstanding at March 31, 2002

 Common Stock, par value $0.0001                         22,904,300

Documents incorporated by reference:    None


                     PART I

           FORWARD LOOKING STATEMENTS

     Certain information contained in this Annual Report are forward-
looking statements (within the meaning of Section 27A of the Securities
Act of 1933, as amended and Section 21E of the Securities Exchange
Act of 1934, as amended). Factors set forth that appear with the
forward-looking statements could cause the Company's actual results to
differ materially from those expressed in any forward-looking statements
made by, or on behalf of, the Company in this Annual Report. The
Company undertakes no obligation to publicly release the results of any
revisions to these forward-looking statements which may be made to
reflect events or circumstances occurring after the date here of or to
reflect the occurrence of unanticipated events.

ITEM 1.   DESCRIPTION OF BUSINESS

Background

     MSC Group, Inc. was originally incorporated on March 24,
1999 as a Delaware corporation under the name Eastward Acquisition
Corporation ("Eastward").  Eastward was formed to engage in a merger
with or acquisition of an unidentified foreign or domestic private
company which desired to become a reporting company whose
securities have been registered under the Exchange Act.  On December
29, 2000, pursuant to an Agreement and Plan of Reorganization
between Eastward, Milling Systems & Concepts Private Limited
("Milling Systems"), a Singapore corporation, and the owners of the
outstanding shares of Milling Systems, Eastward acquired all the
outstanding shares of common stock of Milling Systems from the
shareholders thereof in an exchange for an aggregate of 20,000,000
shares of common stock of Eastward (the "Acquisition").

      By virtue of the Acquisition, Milling Systems became a wholly
owned subsidiary of Eastward. The Acquisition was intended to qualify
as reorganization within the meaning of Section 368(a)(1)(B) of the
Internal Revenue Code of 1986, as amended.  In connection with the
Acquisition, Eastward repurchased, at par value, 4,500,000 shares of its
outstanding common stock, the prior officer and director of Eastward
resigned, new officers and directors of the Company were appointed and
elected, and Eastward changed its name to MSC Group, Inc. ("MSC
Group" or "the Company ").

     On January 17, 2001, MSC Group filed a Form 8-K reporting
such exchange and other related matters.

     MSC Group has one wholly-owned subsidiary, Milling Systems.
Milling Systems has the following subsidiaries:

<TABLE>
<S>                         <C>           <C>
Subsidiary/Country          Date of          Principal Activity
of Registry                 Formation/
                            Acquisition
--------------------------  -----------   -----------------------------
MSC Technologies Pte Ltd;   11/14/00      Develops software and multimedia works
Singapore

MSC Precision Pte Ltd;      4/14/01      Develops manufacturing solutions and
Singapore                                concepts foruse by the machine manu-
                                         facturing industry, design and service
                                         centers, mold and die industry and jigs
                                         and tooling manufacturers

MSC Industries (Shanghai)    4/19/01     Develops and manufactures die, molds,
Co., Ltd; China                          tools, jigs and fixtures

MSC Solar Systems Pte Ltd;   6/701       Performs research, development and
Singapore                                commercialization of energy inventions

Beijing MSC Logistics        6/28/01     Provides logistics and consulting ser-
Technologies Co., Ltd;                   vices and thedevelopment of software
China

MSC Ventures Group           7/7/01      Engages in business of venture capital
(S) Pte Ltd;                             funding and asset management
Singapore

I-MSC.com Pte Ltd;           7/7/01       Provides internet services and to
Singapore                                 develop, integrate and deliver
                                          enterprise-wide business intelligent
                                          solutions and software applications

MSC Rapid Prototyping (S)    8/16/01      Manufactures,develops and produces sample
Pte Ltd; Singapore                        or model of industrial products, machin-
                                          ery, equipment or devices and other
                                          ancillary activities, appliances and
                                          services

MSC Design Pte Ltd;          8/16/01      Designs, develops, manufactures, produces,
Singapore                                 sells and distributes appliances

Modern Handling Equipment    Acquired     Provides marketing and after-sale service
(Thai) Ltd; Thailand         1/1/02       support.  Acquired for approximately
                                          $25,000

MSC Automation Pte Ltd;      Acquired     Designs automation systems for industrial
Singapore                    1/1/02       use.  Acquired for approximately $1,400

</TABLE>
     For the year ended March 31, 2002, only MSC Design Pte Ltd has generated
revenues.

BUSINESS

     Milling Systems, a wholly-owned subsidiary of MSC Group, was
established to develop, through its subsidiaries, integrated and Internet-
enabled manufacturing solutions and concepts for use by the machine
manufacturing industry, design and service centers, mold and die
industry, automotive industry, electrical industry and jigs and tooling
manufacturers.

     MSC Group has developed and is marketing and selling the
MSC RP 2000 and MSC Molding 2000 machines, used by the
manufacturing industry for the production of prototypes. The MSC RP
2000 and the Molding 2000 consist of proprietary software, hardware,
universal card interfaces, high-speed spindles, linear guides and related
services.

     Milling Systems had its first sales in November 2001 through its
subsidiary MSC Design Private Ltd.

     Joint Venture with Protolex.  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.
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.  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.

     Joint Venture with Qingqi Group Limited.  Qingqi Group
Limited is a large Chinese motorcycle and engine manufacturing
company.  Qingqi is also involved in the automobile and pharmaceutical
industries.  In September, 2001, MSC Group entered into a joint venture
with Qingqi for the establishment of a precision molding making
company to be based in Jinan, China utilizing the manufacturing and
mold and die tool rooms of Qingqi.  The plans were postponed until
July, 2002. The joint venture contemplates an investment by MSC
Group of $150,000 for a 60% participation by MSC Group and 40% by
Qingqi for tooling, mold design and fabrication, with business expected
to commence in October 2002.  There is no assurance that the joint
venture will be effected.

     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.  The Company has received approximately $165,000 of the
grant for reimbursement of expenses incurred.  This amount has been
netted against research and development expenses within selling, general
and administrative expenses in the accompanying consolidated financial
statements for the year ended March 31, 2002.

THE MSC RP AND MOLDING 2000 MACHINES.

     MSC Group has two products: the MSC RP 2000 System (the
"MSC System") and the MSC Molding 2000.

     The MSC System, the Company's principal product, is a high
speed-milling machine capable of producing a prototype, sample or
specimen of any object from a 3-dimensional (3D) drawing within hours.
These objects can be made of wood, wax, plastic, light alloy or
aluminum. The MSC System is comprised of a machine in which a high-
speed machining spindle is housed on a moving arm and a revolving
table mounted with a rotary guide, universal electronic interfaces,
proprietary software and services. All components operate together to
provide a system for producing a product by machining directly from
vector, computer-assisted design (CAD) and postscript image files. The
universal electronic interface is hosted on personal computers and
functions to interface the machine with the operator and user system.
Interface software can be adapted to accommodate most user CAD files
or manufacturing machines. The MSC System is intended to eliminate
the problems of conventional manufacturing by producing direct
machining codes to rapid prototyping or milling machines. Control cards
and software produced with the MSC System can be used with
conventional and older manufacturing equipment. The MSC System
cards have an estimated life expectancy of over 20 years and will be
manufactured by an electronic contract manufacturer in Singapore. MSC
Group believes that the MSC System is a user-friendly prototype
production system providing a reliable, accurate and user-friendly
alternative to competitive products. By using the MSC System, the
customer can eliminate much of the equipment, floor space, operators
and maintenance required for conventional prototyping production. A
basic MSC System, including a universal interface card, control systems
and a high speed-milling spindle retails for approximately $150,000.
Other options like laser-infer meters, dynamometers and encoders can
be added for an additional cost of $10,000 to $30,000 each.

     The MSC Molding 2000 machine is also a high speed-milling
machine that produces a mold or jig from plastic, light alloy or
aluminum. Due to special features, the Molding 2000 can cut or mill and
produce very small features that the traditional CNC (computerized
numeric control) machines cannot execute.  The traditional CNC
machines can only produce a single product during each individual
manufacturing run, and the machines have to be reprogrammed for each
productive cycle. This results in increased labor and the possibility of
error.

     MSC Group intends to provide a 360-day warranty on all of its
products. Thereafter, extended maintenance contracts will be offered at
a typical rate of 7% of the retail price per year. Maintenance service
typically includes phone support, preventative maintenance, spare parts,
software upgrades, and on-site service calls.  In most cases, MSC Group
will provide spare parts, phone support, software upgrades and technical
support and rely on a third party technical representative to provide on-
site service.

MANUFACTURING

     MSC Group uses a Taiwan manufacturing company to
manufacture the MSC System and Molding units, internal modules, and
spare parts at their factory located in Taichung, Taiwan on an "as
required" basis.  MSC Group has at least one vendor for all components
and multiple vendors for most components it utilizes. The loss of a
supplier for any item manufactured by or purchased from such vendor
could have a material adverse effect on MSC Group's operations. The
universal interface card is based on the standard personal computer
platform and consists of a combination of standardized and customized
hardware and software modules.  With the exception of the universal
interface board (which links a computer to the machine), MSC Group
has several sources for all purchased components within the MSC
interface configuration.  MSC Group currently has one reliable vendor
for the control and interface board, and plans to eliminate this board in
the near future by developing a new feature to allow the interface cards
to be plugged into the printer connector of a standard personal
computer. Until the development of this technology, the loss of the
supplier of the interface board could have a material adverse effect on
MSC Group's operations. A continued supply of control cards is crucial
to the success of MSC Group's business. Without control or interface
cards, customers will not able to use the equipment and the services and
software supplied by MSC Group.  The loss of the supply of control
cards and other electronic parts would have a material adverse effect on
MSC Group 's operations.

CUSTOMERS

     Through its subsidiary, MSC Design Pte. Ltd., at March 31,
2002, the Company has received $107,120 in sales to  five customers.
MSC Group anticipates that it will expand its customer base however,
there can be no assurance that it will be able to attract new customers or
that existing customer relationships will continue.

MARKETING

     Companies which use computer based engineering drawings,
documents, or records for design, function testing and visualization
purposes for new products are considered prime prospects for the MSC
System, regardless of the type of system used for creating or accessing
the information. MSC Group believes the market for the MSC System is
sizeable as manufacturing companies generate engineering drawings and
have requirements for a quick roll out of prototypes before
manufacturing.  MSC Group also believes the need for a quick
implementation from ideas to products will continue to grow as
advances in technology progress with consumer demands for newer and
more sophisticated products. MSC Group anticipates its customers to be
generally large manufacturers or utility companies that produce complex
mechanical and electrical products in industries, including the
automobile, aerospace, shipbuilding, gas and oil, railroad, defense, and
road construction. Many of these companies use CAD drawings for the
design and prototyping of their products.

     MSC Group has participated in numerous trade shows and
exhibits presenting the one-stop integrated manufacturing supply chain,
including:

     Thailand Catia Forum, Bangkok, Thailand, June, 2002
     Malaysia Catia Forum, Kuala Lumpur, June, 2002
     MTA 2002 Exhibition, Kuala Lumpur, June, 2002
     Australasia Catia Forum 2002, Sydney, Australia, May 2002
     Die & Mold Exhibition, Mumbai, India, February, 2002
     6th Taipei International Mold & Die Industry Fair, Taipei, July, 2001
     2001 Shanghai International Mold & Machining Equipment Exhibition,
                Shanghai, July, 2001
     MTA 2001 Exhibition, Singapore, May, 2001
     ISTMA 2001 Chicago Conference, Chicago, May, 2001

     MSC Group anticipates participating in future trade shows and
exhibits to present its products.

     VirteoNet Alliance.  In June, 2001, MSC Group entered into an
alliance with VirteoNet (a German corporation) and the Small and
Medium Enterprise Association of Bavaria, Germany, to collaborate on
integration of service platforms for the international activities of
Singaporean and European companies.  VirteoNet provides presentation
of products and services, business information, electronic search for
suppliers and distributors in several languages in order to offer
communication of economic expertise, technical know-how and
linguistic competence to promote trade relations between Asian and
European  companies.  MSC Group and its subsidiaries will register
with VirteoNet to promote their products and services and shall utilize
VirteoNet's portal services free of charge.  VirteoNet provides links
between member Internet sites and conducts mass mailings among its
members to inform each of the members of the services provided by the
others.  VirteoNet has agreed to allow MSC Group to use its office as a
representative office for MSC Group activities in the German market.
MSC Group has agreed to allow VirteoNet to use its Singapore office
as its representative office in the Asian Pacific market.

COMPETITION

     MSC Group faces both indirect and direct competition. Indirect
competition presents itself in the form of paper plotters, laser equipment
and other products, which can be used as part of the conventional
prototyping production process. Direct competitors are manufacturers
of equipment, which produce similar process machines. These include
3D Systems, Stratasys or Soligen (produced in USA), Toshiba and
Hitachi (produced in Japan), and EOS sinter station (produced in
Germany). The rapid prototyping manufactured by these companies use
other methodology and development processes that MSC Group
believes are more complex, larger, heavier, less accurate, and more
expensive than the MSC System. MSC Group believes that users of
rapid prototyping machines must plan on the evolution of new methods
of making prototypes, which will need to be supported by new
technology, hardware controllers, standards, specifications, and
software modules.  Further, MSC Group believes that neither the rapid
prototyping industry nor the technology will become obsolete easily
because there is a pressing need for large manufacturers to utilize
advancement in new technology. However, newer technology may be
developed that will supplant MSC Group's products and reduce or
eliminate its market.

REGULATION

     MSC Group's business is not subject to any special regulatory
regime, other than general laws and regulations, such as employment
and safety regulations that apply generally to manufacturers and
distributors of industrial equipment. United States and Taiwan laws and
regulations regarding importation, exportation, and customs will apply
to any units imported from Taiwan or elsewhere.

EMPLOYEES

     As of March 31, 2002, MSC Group had 44 full time employees.

PATENTS, TRADEMARKS AND LICENSES

     MSC Group applied to the United States Patent Office for three
Provisional Patents in March 2001.

          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

     The Provisional Patents automatically expire one year after their
application and are basically an intermediary process to  serve as the
basis for a later priority-claiming patent application.

     On September 27, 2001, MSC Group filed with the United
States Patent Office a U.S. non-provisional patent (09-966906) for the
patent entitled "Data Processing System for Implementing an Exchange"
and its projected publication date falls on September 26, 2002.  The
worldwide patent (PCT/GB 02/00920) for this system was filed on
March 1, 2002 and its projected United States publication date falls after
September 14, 2002.

     On October 9, 2001, MSC Group filed with the United States
Patent Office a U.S. non-provisional patent (09-974258) for the patent
entitled "Method and Apparatus for Producing a Prototype".  The
worldwide patent (PCT/GB 02/00886) for this system was filed on
February 27, 2002 and its projected United States publication date falls
after September 21, 2002.

     On October 26, 2001, MSC Group filed with the United States
Patent Office a U.S. non-provisional patent (10-045540) for the patent
entitled "Prototype Production System and Method".  The worldwide
patent (PCT/GB 02/000886) for this system was filed on February 27,
2002 and its projected United States publication date falls after
September 12, 2002.

     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.  MSC Group intends to arrange to
license other necessary technologies if so required.  There is no
assurance that third party licensing will be successful and the failure to
do so may have a material adverse effect on MSC Group's business.

NO PUBLIC TRADING MARKET

     MSC Group intends to apply for quotation on the NASD OTC
Bulletin Board or, if it then meets the financial and other requirements
thereof, on the Nasdaq SmallCap Market, National Market System or
regional or national exchange.

ITEM 2.    DESCRIPTION OF PROPERTY

     MSC Group leases 10,000 square feet for its executive offices at
29/31 Gul Avenue, Singapore City, Singapore 629669.  Its telephone
number is 011 65 863 6626 and its telecopy number is 011 65 86 3
6606.  On December 27, 2001, the Company entered into an agreement
with the landlord to extend the date to acquire property currently leased
by the Company until 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).  The lease rate, as of
November 1, 2001, was $5,540 per month which the Company will pay
until it acquires the property.  MSC Group leases an additional 10,000
square feet of office and warehouse space at 29/31 Gul Avenue to store
parts, conduct engineering operations, and perform small-scale assembly
and administrative tasks in support of the MSC System. The lease rate
for this additional space, as of October 1, 2001, was $10,000 per month.

     MSC Group has small offices in Beijing (8 persons) and
Shanghai, China (1person) and Bangkok, Thailand (1 person).  MSC
Group has a representative in Los Angeles, California, who serves to
develop activities in the United States.  Remuneration to this
representative is on an assignment basis.

     MSC Group maintains an Internet web sites at
http://www.msc.com.sg and  http://www.mscgroup-usa.com.  MSC
Group launched its business-to -business portal at www.i-msc.com  in
May 2001.

ITEM 3.   LEGAL PROCEEDINGS

     There is no litigation pending or threatened by or against MSC
Group.

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

     No matter was submitted to a vote of security holders, through
the solicitation of proxies or otherwise, during the fourth quarter of the
fiscal year covered by this report.

                    PART II

ITEM 5.   MARKET FOR COMMON EQUITY AND RELATED
          STOCKHOLDER MATTERS

     There is currently no public market for the securities of MSC
Group.

     MSC Group is authorized to issue 100,000,000 shares of
common stock at $.0001 par value.  As of March 31, 2002, MSC Group
had 22,904,300 shares of common stock were outstanding held by 670
shareholders.  In the fiscal year ending March 31, 2002, MSC Group
sold 2,404,300 shares of its common stock at a purchase price of $1.00
per share.

     MSC Group intends to take the steps required to cause its
common stock to be admitted to quotation on the NASD OTC Bulletin
Board or, if it then meets the financial and other requirements thereof,
on the Nasdaq SmallCap Market, National Market System or regional or
national exchange.

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

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 consolidated 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 March 31, 2002 , Milling Systems & Concepts had
the following subsidiaries.

Subsidiary                              Date of Formation/
                                        Country of Registry

MSC Technologies Pte Ltd             November 14, 2000 Singapore
MSC Precision Pte Ltd                April 14, 2001 Singapore
MSC Industries (Shanghai) Co., Ltd   April 19, 2001 China
MSC Solar Systems Pte Ltd            June 7, 2001   Singapore
MSC Logistics Technologies
       (Beijing) Co., Ltd            June 28, 2001 China
MSC Ventures Group (S) Pte Ltd       July 7, 2001, Singapore
I-MSC.COM Pte Ltd                    July 7, 2001, Singapore
MSC Rapid Prototyping (S) Pte Ltd    August 16, 2001, Singapore
MSC Design Pte Ltd                   August 16, 2001, Singapore
Modern Handling Equipment
       (Thai) Ltd.                   January 1, 2002, Thailand
MSC Automation Pte Ltd               January 1, 2002, Singapore

     The Company received its initial revenues in November, 2001
and had aggregate revenues for the year ended March 31, 2002 of
$107,120 primarily from revenues generated by MSC Design Pte. Ltd.

     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 fiscal year ended March 31, 2002, the Company sold
2,404,300 shares of its common stock for which it received an aggregate
of $2,996,583.

     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 fiscal year ended March 31, 2002, the Company had a
net loss of $2,164,650 and a negative cash flow from operations of
$1,731,665.  At March 31, 2002, the Company had an accumulated
deficit of $3,103,375 arising from general administration and start-up
expenses.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.

     MSC Group has provided for a bad debt allowance in the
amount of $93,400 in its financial statements arising from monies
advanced to a prior director of MSC Group.  MSC Group is actively
attempting to collect these funds.

     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.

     MSC Group anticipates total research and development expenses
for 2002 and 2003 of approximately $3,950,000 and $3,250,000
respectively.  MSC Group anticipates that in the year 2003 research and
development expenses will drop to approximately $350,000 because the
development of these products will have been completed. MSC Group
will work in the development of the motion controller cards. MSC
Group anticipates that these products will be approximately 20% in
production in the year 2002 increasing to full production by the year
2005. MSC Group anticipates that in order to fund the research and
development for these products, it may effect an offering of its equity
securities. If MSC Group is unable to effect an offering of its securities,
it may fund its research and development through its operating funds. In
such event, the timing of its anticipated research and development and
subsequent production schedule would be slowed.

     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.

Item 7.  Financial Statements

      The consolidated finanical statements for the fiscal year ended March
31, 2002 are attached to this filing as Exhibit 1.

Item 8.   Changes in and Disagreements with Accountants on
          Accounting and Financial Disclosure

     There were no changes in or disagreements with accountants
on accounting and financial disclosure for the period covered by this
report.


                    PART III

Item 9.   Directors, Executive Officers, Promoters and
          Control Persons; Compliance with Section 16(a) of
          the Exchange Act

     The Directors and Officers of the Company are as follows:

     Name                Age       Positions and Offices Held
    -----------------    ---       -----------
     Dr. Wee Yue Chew    55        Chairman of the Board and
                                   Director

     Mok Siong Cheak     44        President and Director

     Tan Cant Wee        27        Chief Financial Officer
                                   designee and principal
                                   accounting officer

     Dr. Lee Keng Ho     57        Vice President of Software
                                   and Director

     Chan Tow Boon       34        Vice President,
                                   Secretary, Legal
                                   Counsel and
                                   Director

     MSC Group's directors hold office until the next annual meeting
of its shareholders or until their successors are duly elected and
qualified. Set forth below is a summary description of the principal
occupation and business experience of each of MSC Group's directors
and executive officers for at least the last five years.

     DR. WEE YUE CHEW serves as Chairman of the Board of
MSC Group. Dr. Wee has served as a director of Milling Systems and
Chairman of its board of directors since September, 2000. From
December, 1999, to September, 2000, Dr. Wee was the founder and
managing partner of WYC Business Consultants, an engineering and
business consultancy located in Singapore. From July 1992 to June
2001, he was the Executive Vice President of Excel Machine Tools Ltd
("Excel"), a company listed on the Singapore Exchange Securities
Trading Limited ("SGX") where h e served for more than 7 years. Dr.
Wee was responsible for the listing of Excel on the main board of SGX
in April 1997 and the listing of Excel's Hungary operations on the
Budapest and Munich Stock Exchanges in June 1999. Dr. Wee currently
serves as a member on various committees in the Institute of Technical
Education, the Productivity and Standards Board, Singapore Precision
Engineering & Tooling Association and Singapore Productivity
Association. Dr. Wee serves as an independent director of Excel and a
member of its audit committee. Prior to joining Excel, Dr. Wee was the
Group Deputy Managing Director of Material Handling Engineering
Ltd. From August 1989 to June, 1992, a company he helped to list o n
the SGX in 19 89. From August, 19 69 to July, 1989, Dr. Wee was a
deputy director of the Singapore Productivity and Standards Board
where he served for 20 years as a principal trainer and consultant. He
was involved in promoting and implementing productivity practices to
the Singapore government, government linked companies, NTUC linked
companies and private sector companies such as SIA, OCBC, Singapore
Telecom.  Dr. Wee received his Master of Business Administration from
the University of Brad ford, United Kingdom in 1978.  Dr. Wee
presently serves as a Director of 7 subsidiaries of MSC Group
companies in Singapore.

     MOK SIONG CHEAK serves as President, Chief Executive
Officer and a director of MSC Group. Mr. Mok has served as Chief
Executive Officer and a director of Milling Systems since December,
1999. He is also currently the director and a shareholder in MSC Power
(S) Pte Ltd and Global E-Trade Group Limited (in which he is the sole
shareholder), which are involved in seeking new business ventures and
performing venture capital funding activities. Prior to 1998, he served as
the personal assistant to the Consul General of Vanuatu for Kuala
Lumpur, Malaysia, in charge of consular activities in the South East
Asia region. Mr. Mok has experience in the general management and
business development for a number of companies in Malaysia. Mr. Mok
presently serves as a Director of nine subsidiaries of MSC Group
companies in Singapore. In addition, he is a Director of MSC Marine
(S) Private Limited, MSC Electro-mobiles Private Limited, and MSC
Healthcare (S) Private Limited and is the owner of the following inactive
companies, MSC HiTech (Beijing) Co., Ltd., MSC Security Systems
Pte. Ltd., MSC Wireless Pte. Ltd., MSC Logistic Technologies Pte.
Ltd., MSC Power (S) Pte. Ltd.,and MSC Engineering Group Pte. Ltd.
(formerly known as MSC Machining and Engineering Pte. Ltd.).

     DR LEE KENG HO serves as a director and Vice President of
software for MSC Group. Dr. Lee has served as a director of Milling
Systems since December 1999.  Dr. Lee is presently the managing
partner of his own consultancy firm, which has performed various
consultancy projects in Asia, Africa and India. Prior to 1993, he served
on the Boa rd of Directors in the various companies of Magnum
Corporation Berhad ("Magnum"), a company listed on the Main Board
of the Kuala Lumpur Stock Exchange, Malaysia. He joined Magnum in
1987 as its Computer Systems Manager. Prior to that, Dr. Lee was
involved in information technology activities in various capacities for
government institutions and private organizations. Dr. Lee holds a
Bachelor of Science in Mathematics from University Malaya and
obtained his Doctor of Philosophy in Computer Science from University
of Glasgow, Scotland.

     CHAN TOW BOON serves as a director, Secretary, Vice
President and legal counsel for MSC Group. Mr. Chan has served as a
director of Milling Systems since December, 1999.  He is presently the
Managing Director of a number of private limited companies
incorporated in Malaysia, which are involved in property investment,
insurance and gaming agency businesses.  Mr. Chan holds a law degree
from University of Woolverhampton in the United Kingdom.

     TAN CANT WEE has been designated to serve as the new Chief
Financial Officer of MSC Group.  From 1996 to 2000, Mr. Tax was an
external auditor with a public practice firm in Singapore with clients
primarily in trading, construction, manufacturing and investment
industries.  In 2001, Mr. Tan moved into the media industry as an
accountant and administrator for a Singapore firm.  Mr. Tan graduated
from University of Western Australia in 1995 and has obtained his
professional qualification as a certified public accountant with the
Australian Society of Certified Practising Accountants and Institute of
Certified Public Accountants of Singapore.  Mr. Tan is also a Chartered
Accountant with Malaysia Institute of Accountancy.

     There is a key man life insurance policy on Mok Siong Cheak in
the amount of $3,000,000 of which MSC Group is the beneficiary. No
other policies of this nature are in effect at this time with respect to any
other directors, officers or control persons.

Conflicts of Interest

Item 10.  Executive Compensation

     No officer or director received compensation from MSC Group
in excess of $100,000 during the fiscal year ended March 31, 2002.

     As of March 31, 2002, $128,734 is due to the Company's
directors consisting of $47,402 for repayment of  expenses and
$81,332 for overpayment for the purchase of common stock.

           SUMMARY COMPENSATION TABLE

Name and Principal Position        Year           Salary

Mr. Mok Siong Cheak                2001           $85,000
                                   2002          $100,000

     In addition to Mr. Mok's annual salary, MSC Group also paid
Mr. Mok $13,333 as a housing allowance for the years ended March 31,
2001 and March 31, 2002.  MSC Group also agreed to pay reimburse
Mr. Mok for traveling expenses if and when he travels overseas for
business related to MSC Group.

Item 11.  Security Ownership of Certain Beneficial Owners and Management

     The following table sets forth as of March 31, 2002 each person
known by MSC Group to be the beneficial owner of five percent or
more of MSC Group's common stock and the directors and officers of
MSC Group.  Except as noted, the holder thereof has sole voting and
investment power with respect to the shares shown.

Name, Position              Shares of Common Stock   Percentage of Shares
and Address                 Beneficially Owned       of Class Owned (1)
-------------------         ----------------------   -------------------

Dr. Wee Yue Chew                    1,000,000                 4.4%
Chairman, Director

Mok Siong Cheak                     6,413,000 (2)            28.0%
President, Chief Executive
Officer, Director

Dr. Lee Keng Ho (3)                   890,000                 3.9%
Vice President, Director

Chan Tow Boon (3)                     500,000                 2.2%
Vice President

Tan Cant Wee                            5,000                   *
Principal accounting officer,
chief financial officer designee

Lee Lay Sire                        1,000,000                 4.4%

Milling Systems &  Concepts
   (Malaysia) Sdn. Bhd. (3)         1,000,000                 4.4%

Wong Kum Ying                       1,000,000                 4.4%

All Success Enterprises Ltd.        1,000,000                  4.4%

Hung Lea Ping (4)                   3,000,000                 13.1%

MSC Power (S) Pte.                  3,000,000                 13.1%

Global E-Trade Group                4,500,000                 19.7%
Limited (2)

All executive officers and          8,808,000                 38.5%
directors as a group (5 persons)
_____________

* Represents less than 1%

(1) Based upon 22,904,300 shares outstanding as of the date of this
report.

(2) Includes 413,000 shares owned directly by Mr. Mok, 3,000,000
shares owned by MSC Power (S) Pte. Ltd. of which Mr. Mok is a 50%
owner and of which he may be deemed the beneficial holder and
4,500,000 shares owned by Global E-Trade Group Limited of which
Mok is 10 0% owned and may be deemed the beneficial holder.

(3) Dr. Lee Keng Ho, a director of MSC Group, and Chan Tow Boon, a
director of MSC Group each own 33.33% of Milling Systems &
Concepts (Malaysia) Sdn. Bhd.

(4) Hung Lea Ping is the wife of Mok Siong Cheak, the president and a
director of MSC Group, and is also a 50% owner of M SC Power (S)
Pte. Ltd.

Item 12.  Certain Relationships and Related Transactions

     Milling Systems & Concepts Sdn. Bhd. was registered in
Malaysia to set up a design and rapid prototyping center. Its directors
are Dr. Lee Keng Ho, Mr. Chan Tow Boon and Mr. Wong Kum Wah.
Milling Systems & Concepts Sdn. Bhd. is a shareholder of MSC Group.

     Legal services to MSC Group were provided by Cassidy &
Associates whose principal , James M. Cassidy, is the controlling stock
holder of TPG Corporation, a stockholder of MSC Group.

Item 13.  Exhibits and Reports on Form 8-K

     (a)  Exhibits

          The financial statements are attached to this document as
exhibit 1.

     (b)  There were no reports on Form 8-K filed by the
Company during the quarter ended March 31, 2002.

<PAGE>





                   SIGNATURES



                              MSC GROUP, INC.

                              By: /s/ Mok Siong Cheak
                              Mok Siong Cheak
                              President
                              Dated:  August 14, 2002

                              /s/ Tan Cant Wee
                              Chief Financial Officer
                              Designee
                              Dated: August 14, 2002


     Pursuant to the requirements of Section 13 or 15(d) 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.

NAME                     OFFICE              DATE

Wee Yue Chew             Director


/s/ Mok Siong Cheak      Director            August 15, 2002
Mok Siong Cheak


/s/ Lee Keng Ho          Director            August 15, 2002
Dr. Lee Keng Ho


/s/ Chan Tow Boon        Director            August 15, 2002
Chan Tow Boon



                  CERTIFICATION


     By execution below, the Chief Executive Officer and the Chief
Financial Officer hereby certify that the Annual  Report on Form 10-
KSB for the fiscal year ending March 31, 2002, 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 14, 2002


                    By: Tan Cant Wee
                    Chief Financial Officer
                     Dated:  August 14, 2002