Hi Raj,
Based on the error messages:
@5C@ 01/28/2015 02:29:08 Metadata for the operating concern contains errors RD 154
@5C@ 01/28/2015 02:29:08 Errors in source system RSM 340
I suggest to let an FI/CO colleague have a look at the CO-PA customizing. It could be that "sample" Operating Concern S_GO is not activated and/or operational.
I also suggest to run the Extractor Check using t/code RSA3 in the ECC source system. Please have a closer look at the error messages. Please try to get the lowest level detailed error messages and share them with us.
Thanks,
Sander