You'll get an ntldr missing if you boot with a floppy that was formatted under nt/2k/xp/2k3. If formatted with any other OS you'll get a different message. It all depends what the os has written to the MBR & Boot Sector of the disk.
Here is an example of a Boot sector on an NT formatted disk. Note the readable text near the bottom in line 01A0:
Primary Boot Sector
Sector Location 63 (0x0000003f)
-------------------------------------------
0000 eb 52 90 4e 54 46 53 20-20 20 20 00 02 08 00 00 .R.NTFS.........
0010 00 00 00 00 00 f8 00 00-3f 00 ff 00 3f 00 00 00 ................
0020 00 00 00 00 80 00 80 00-7d 86 bb 00 00 00 00 00 ........}.......
0030 04 00 00 00 00 00 00 00-67 b8 0b 00 00 00 00 00 ........g.......
0040 f6 00 00 00 01 00 00 00-02 84 56 dc ab 56 dc 98 ..........V..V..
0050 00 00 00 00 fa 33 c0 8e-d0 bc 00 7c fb b8 c0 07 ...........|....
0060 8e d8 e8 16 00 b8 00 0d-8e c0 33 db c6 06 0e 00 ................
0070 10 e8 53 00 68 00 0d 68-6a 02 cb 8a 16 24 00 b4 ..S.h..hj.......
0080 08 cd 13 73 05 b9 ff ff-8a f1 66 0f b6 c6 40 66 ...s......f....f
0090 0f b6 d1 80 e2 3f f7 e2-86 cd c0 ed 06 41 66 0f .............Af.
00a0 b7 c9 66 f7 e1 66 a3 20-00 c3 b4 41 bb aa 55 8a ..f..f.....A..U.
00b0 16 24 00 cd 13 72 0f 81-fb 55 aa 75 09 f6 c1 01 .....r...U.u....
00c0 74 04 fe 06 14 00 c3 66-60 1e 06 66 a1 10 00 66 t......f`..f...f
00d0 03 06 1c 00 66 3b 06 20-00 0f 82 3a 00 1e 66 6a ....f.........fj
00e0 00 66 50 06 53 66 68 10-00 01 00 80 3e 14 00 00 .fP.Sfh.........
00f0 0f 85 0c 00 e8 b3 ff 80-3e 14 00 00 0f 84 61 00 ..............a.
0100 b4 42 8a 16 24 00 16 1f-8b f4 cd 13 66 58 5b 07 .B..........fX[.
0110 66 58 66 58 1f eb 2d 66-33 d2 66 0f b7 0e 18 00 fXfX...f..f.....
0120 66 f7 f1 fe c2 8a ca 66-8b d0 66 c1 ea 10 f7 36 f......f..f.....
0130 1a 00 86 d6 8a 16 24 00-8a e8 c0 e4 06 0a cc b8 ................
0140 01 02 cd 13 0f 82 19 00-8c c0 05 20 00 8e c0 66 ...............f
0150 ff 06 10 00 ff 0e 0e 00-0f 85 6f ff 07 1f 66 61 ..........o...fa
0160 c3 a0 f8 01 e8 09 00 a0-fb 01 e8 03 00 fb eb fe ................
0170 b4 01 8b f0 ac 3c 00 74-09 b4 0e bb 07 00 cd 10 .......t........
0180 eb f2 c3 0d 0a 41 20 64-69 73 6b 20 72 65 61 64 .....A.disk.read
0190 20 65 72 72 6f 72 20 6f-63 63 75 72 72 65 64 00 .error.occurred.
01a0 0d 0a 4e 54 4c 44 52 20-69 73 20 6d 69 73 73 69 ..NTLDR.is.missi
01b0 6e 67 00 0d 0a 4e 54 4c-44 52 20 69 73 20 63 6f ng...NTLDR.is.co
01c0 6d 70 72 65 73 73 65 64-00 0d 0a 50 72 65 73 73 mpressed...Press
01d0 20 43 74 72 6c 2b 41 6c-74 2b 44 65 6c 20 74 6f .Ctrl.Alt.Del.to
01e0 20 72 65 73 74 61 72 74-0d 0a 00 00 00 00 00 00 .restart........
01f0 00 00 00 00 00 00 00 00-83 a0 b3 c9 00 00 55 aa ..............U.
