Getting an error while activating a planning area "Enter values for planning horizon From and planning horizon To for the storage time profile level"

Dear S&OP community,
I am getting following error while creating a planning ares in a newly installed sandbox. "Enter values for planning horizon From and planning horizon To for the storage time profile level".
This what I did...
1) Created new attributes and master data objects and activated them successfully.
2) Time profile created and activated successfully
3) Trying to create planing area by assigning time profile in step 2 and assigned master data from step1..Unable to save the data and system returns
this error - "Enter values for planning horizon From and planning horizon To for the storage time profile level"
My understanding is time profile needs to be active but doesn't have to have values...
Any help is appreciated.
Thanks,
Krishna

YS,
Here are my time profile settings
Level       Name          Display Horizon - Past Display Horizon - Future
1             Monthly     -6                                       11
2             Quarterly     -2                                       3
3             Yearly        -1                                       2
Time profile is active and but time profile data is not loaded
Thanks,
Krishna

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