Errors: can't run TAudioConverter

I get the following errors when trying to run TAudioConverter on my Win 7 x 64 HP Microserver (no audio device connected) any advice?

Error
Failed to initialize CDRip insufficiant privileges?)
Error Code:8

Fatal Error 
Couldn't load bass.dll library. 
Bass Code:23

Regards

EDIT:
Turns out I may have answered my own question. It works fine on a Win 8 x 64 Laptop with CD drive and audio device so it's not a stretch to believe these are needed to operate the app fully and maybe at least an audio device if it's to operate at all.