That error indicates that a Visual Runtime DLL file is not installed on your computer. The software was developed on Visual Studio platforms, therefore, ii requires the libraries in order to work properly. Luckily, this can be fixed in no time by downloading an installation package directly from Microsoft.
Download page: http://www.microsoft.com/en-us/download/details.aspx?id=30679#
Save the package on your computer, install it and then reboot the PC and start the TaalMala software.