zip I/O error: No such file or directory

zip error: Input file read failure (was zipping file/tomcat/webapps/test/test1/123/241300/8000027393716333.png)

[Rahul@394134-db1 ~]$ zip -v
Copyright (C) 1990-2005 Info-ZIP
Type 'zip "-L"' for software license.
This is Zip 2.31 (March 8th 2005), by Info-ZIP.
Currently maintained by Onno van der Linden. Please send bug reports to
the authors using http://www.info-zip.org/zip-bug.html; see README for details.

Latest sources and executables are at ftp://ftp.info-zip.org/pub/infozip, as of
above date; see http://www.info-zip.org for other sites.

Compiled with gcc 4.1.2 20071124 (Red Hat 4.1.2-42) for Unix (Linux ELF) on Jul  8 2008.

Zip special compilation options:
        USE_EF_UT_TIME
        [encryption, version 2.9 of 22 April 2000]
Encryption notice:
        The encryption code of this program is not copyrighted and is
        put in the public domain.  It was originally written in Europe
        and, to the best of our knowledge, can be freely distributed
        in both source and object forms from any country, including
        the USA under License Exception TSU of the U.S. Export
        Administration Regulations (section 740.13(e)) of 6 June 2002.

Zip environment options:
             ZIP:  [none]
          ZIPOPT:  [none]

# /usr/local/bin/zip -v
Copyright (c) 1990-2008 Info-ZIP - Type 'zip "-L"' for software license.
This is Zip 3.0 (July 5th 2008), by Info-ZIP.
Currently maintained by E. Gordon.  Please send bug reports to
the authors using the web page at www.info-zip.org; see README for details.

Latest sources and executables are at ftp://ftp.info-zip.org/pub/infozip,
as of above date; see http://www.info-zip.org/ for other sites.

Compiled with gcc 4.1.2 20080704 (Red Hat 4.1.2-52) for Unix (Linux ELF) on Aug 22 2013.

Zip special compilation options:
        USE_EF_UT_TIME       (store Universal Time)
        BZIP2_SUPPORT        (bzip2 library version 1.0.3, 15-Feb-2005)
            bzip2 code and library copyright (c) Julian R Seward
            (See the bzip2 license for terms of use)
        SYMLINK_SUPPORT      (symbolic links supported)
        LARGE_FILE_SUPPORT   (can read and write large files on file system)
        ZIP64_SUPPORT        (use Zip64 to store large files in archives)
        UNICODE_SUPPORT      (store and read UTF-8 Unicode paths)
        STORE_UNIX_UIDs_GIDs (store UID/GID sizes/values using new extra field)
        UIDGID_NOT_16BIT     (old Unix 16-bit UID/GID extra field not used)
        [encryption, version 2.91 of 05 Jan 2007] (modified for Zip 3)

Encryption notice:
        The encryption code of this program is not copyrighted and is
        put in the public domain.  It was originally written in Europe
        and, to the best of our knowledge, can be freely distributed
        in both source and object forms from any country, including
        the USA under License Exception TSU of the U.S. Export
        Administration Regulations (section 740.13(e)) of 6 June 2002.

Zip environment options:
             ZIP:  [none]
          ZIPOPT:  [none]