3671562 - System Rename failed with message: Error creating SAP instance service for DVEBMGSxx (<SID>): Execution of the command "sapstartsrv" finished with return code 1

Registration/deregistration failed at the step AddToServices during System Rename with sapinst (SWPM Tool 1680045). The following error can be found in the sapinst_dev.log file

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ERROR      <Date and Time> (root/sapinst) (startInstallation) [CSiStepExecute.cpp:1104] id=controller.stepExecuted errno=FCO-00011 CSiStepExecute::execute()
The step AddToServices with step key |offlineadjustment_dialogs|ind|ind|ind|ind|0|0|offlineadjustment_sapinstance|ind|ind|ind|ind|adjust_sap_instance|1|AddToServices was executed with status ERROR (Last error reported by the step: Error creating SAP instance service for DVEBMGS<nr> (<SID>): Execution of the command "sapstartsrv" finished with return code 1. Output:).
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Before the above error, we can see following entries in the same log file:

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TRACE      <Date and Time> (root/sapinst) (startInstallation) com.sap.sdt.ins.jsyslib.syslibconv.ChildApplication
/usr/sap/<SID>/DVEBMGSxx/exe/sapstartsrv returned 1, output:
/usr/sap/<SID>/DVEBMGSxx/exe/sapstartsrv=>sapparam(2): fopenU("/usr/sap/<SID>/SYS/profile/START_DVEBMGS<nr>_<hostname>","r"): No such file or directory
/usr/sap/<SID>/DVEBMGSxx/exe/sapstartsrv=>No Profile used.
/usr/sap/<SID>/DVEBMGSxx/exe/sapstartsrv=>sapparam: SAPSYSTEMNAME neither in Profile nor in Commandline
FAIL: cannot open profile for reading [No such file or directory].
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• UNIX/Linux env.
• Database Independent.
• SAP NetWeaver 7.0x

system rename, AddToServices, sap instance service, No such file or directory, profile missing, error creating service, return code 1, cannot open profile for reading, sapstartsrv, nw.syscopy.storagecopy.startProfile.noStartProfileUseInstanceProfile, nw.instanceService.errorCreatingSAPInstanceService , KBA , BC-INS-SRN , System Rename Utility , Problem