Unable to create Genymotion Virtual Device

Issue

I have successfully downloaded and installed Genymotion and Virtualbox as well as a Virtual Device Image but I am unable to create a virtual device.
I get an error message stating

Unable to create Virtual Device:
Failed to import OVA

My laptop Specs
8gb RAM
Intel Core i7 (Sandy Bridge)
Hardware Virtualization is enabled in the BIOS.

Solution

I solved the problem.It was my mistake.
It works fine by running genymotion with administrative privileges.

Answered By - Rajul