What did you use to format the disk?
Sounds like you have used a boot floppy from an operating system newer than win 95. and have not copied the system files to the harddrive.
Download a win95 boot disk image from click here. create a boot floppy.
boot the laptop from the floppy and select with cdrom support. type format c: /s to format the drive and copy system files to the hard drive then type e:\setup to run the win 95 setup from the cd rom.