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Hello Pradeep_Raj ,

A few questions first, I'm afraid:-

What OS and version are you using?
Have you tried escaping the # with a \ like this:-...

read x DBNAME DBUSER DBPWD junk < /home/mireport/dbdata.cfg

On top of what Scott already said, you seem to have DOS line terminators (^M / \r / 0x0D / <CR>) in your files, mayhap due to editing with an non-*nix tool.
What is your OS and editor?

Instead of...

You will need to remove the paces after the = in your variable declarations, otherwise you will be executing the contents of the files you are awking, not assigning them.

You also don't need to...