KM player displays an error message which says “Member not found”

Hi All,
I have downloaded from here and installed KMPlayer3.1.0.0_R2 two days ago. However, as I start running the player it displays an error message which says, "Member not found". I have tried to download and installed again the installation package, uninstalled an installed again, formatted my XPSPII Laptop and attempted installing again but to no avail.
At times, when I choose old skin and not enable the Album Art display from KMP Setup Wizard it works afterward like the old version of KMP, but I am not able to make use of the new style.
I am including here the screenshot of the error message.
What does this error message imply? Can anyone help me with this error?
Your help would be highly appreciated.

