formail : No such file or direcory

Hi,

I am using Sendmail 8.9.3 on a Redhat 6.1 box. I am trying to use  procmail to 
setup autoresponders. Everything seems to working but this is error that I get :

procmail: Executing "(/usr/bin/formail,-rt,-APrecedence: junk (autoreply),-A,X-L
oop: test12_vacation, "
(/usr/bin/formail: (/usr/bin/formail: No such file or directory                


The .procmailrc file is listed below.

# Set the proper shell
SHELL=/bin/sh
VERBOSE=yes;
LOGABSTRACT=all;
FORMAIL=/usr/bin/formail
LOGFILE=/home/test12/procmail.log
# Autoresponder section
:0 h c
* !^FROM_DAEMON
* !^X-Loop: test12_vacation
* ^Subject:.*info*
* ^TOtest12@
| ($FORMAIL -rt -A"Precedence: junk (autoreply)" \
       -A "X-Loop: test12_vacation"  \
       cat /home/test12/.autoreply) | $SENDMAIL -t -oi


I have searched the archives but could not find a solution that worked. It was 
mentioned that there could be a probem with the permissions on the /usr 
directory or the formail file. Even after giving full permissions to them it 
was not able to find formail.
Any pointers 

Thanks in Advance

Regards
Kiran