ORA-12465: Not authorized for read or write on specified groups or compartments
Cause : You inculded gropus or copmartment sthat ar enot in hte user' slist ofg roups adn comparmtents auhtorized ofr read ro write cacess.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Includer ead accses when uathorizign groupso r compatrments fro write cacess.
Well, the reason for above error is that i have taken the above script from a 11g database and running it on 10g database. 11g has bring some changes in password management. Below code is executed on 11g and user created successfully, which is expected result.