Nircmd.cfexe – Unable To Locate Component

Please help me with this error message. I keep getting this dialog box when ever I try to perform any action on Microsoft Pwertoys application.
I could not find anything related to this error on web.
I would truly appreciate if someone could help me with this error. Below is the screen shot for all your reference.
nircmd.cfexe – Unable To Locate Component
This application failed to start because ConnAPI.DLL was not found. Re-installing the application may fix this problem.
