Hi Narsimha
You need to map your connectors to the logical systems that are used in the function definitions
Look at your integration framework Setup in the IMG.
Governance, Risk and Compliance > Common Component Settings > Integration Framework > Maintain Connectors and Connection Types
Also, for 10.1 there was an issue with logical systems. It may be that your configuration is correct: Re: GRC 10.0 SP14 - Poblems when generating rules for logical systems
Regards
Colleen