vipin.sethumadhavan wrote:formatted the system
If you have formatted the system ( I assume you have reinstalled the OS ) therefore erasing out all registry entry of that class ( in your case it is "your component" ). FYI, All class, (or component) that we use in our computer are pre-installed and when at use, system queries into registry and uniquely identifies that class ( or component ) and accordingly that class ( or component ) is loaded into memory and work is performed for that class (or component ).
In this case system is not finding an entry of that class ( or component ).
What you should do is
(1) You need to download that component. I am having a feeling that it was having and MSI ( microsoft installer ) file from which it was installed ( at least when it was working at some earlier point of time )
(2) Once you donwload the msi, right click on it and follow the instruction to get that installed.
While googling I found this link for downloading the MSFlexGrid ( though I have not downloaded ) however seems to me that it would be helpfull to you.
Please let me know if that helps.