LCM VMS Error com.businessobjects.vms.VMSException: svn: URL

Hi Experts,

I am recieving below mentioned error after configuring the LCM with existing Subversion.

com.businessobjects.vms.VMSException:
com.businessobjects.vms.VMSException: com.businessobjects.vms.VMSException:
com.businessobjects.vms.VMSException: svn: URL
'svn://XXXX:5001/BusinessObjects_Version_Mgmt' doesn't exist

I have configured the subversion as mentioned in the installation document of LCM.

Document Name : "xi31_LCM_Install_en.pdf" Page number 20.

Business Objects Version : BO XI 3.1 SP3

I tried to telnet the system XXXX:5001 from BO installed machine and its working fine.

Any help is much appreciated.

Regards,
Mitesh Joshi