"This looks like outdated Qt version.
( the PinchArea is available in QML since Qt 4.7.4). Do you have CSSU installed ? From the log it looks like you are just running PR 1.3, which has only Qt 4.7.0.

Basically -> no, CSSU == no modRana QML (but you can still use modRana with the classic GUI just fine"

A Follow-up for Martin to your comments above:
My ignorance! I had installed CSSU Features & not the full CSSU! Once I installed the full CSSU, modRana QML works perfectly now. Thanx