Tablet [Q] recover mode loop

Hi Guyz, I have a tablet touchmate TM-MID 850(Android 4.0). Its having a problem that a message showing "unfortunately, skype has stopped" flashes after booting. If we press OK, then again it comes like in a infinite loop. Nothing is possible like to go menu or settings. I can just unlock the screen.. then the same message box is coming for other apps too.... again infinitely.

I tried to get into the recovery mode. For that I pressed and hold the vol down button and then the power button hold for 5 seconds(got from another forum), when the logo appears, released the power button, then it shows the recovery mode emblem but it freezes there.... not getting any menu or message. I tried different key combinations here, but no use... after sometime (about 2 min) it automatically reboots into normal mode and same infinite loop.... Please help me....