Hi Midhun,
I am able to use the Odata service comes with the thread you have given and that works fine.
But when I use my own Odata service, I am getting the error. I am able to open the same Odata service from my browser, meaning to say, it is open to the public. But when I try to ping from the application from the cloud server, I am facing this problem. I have tried the solution as told in the thread,
http://scn.sap.com/thread/3422494
After that I am getting the error,
http://myip:8000/sap/opu/odata/myapp/ Backend profile Backend system cannot be reached
http://myip:8000/sap/opu/odata/myapp/Security profile Security system cannot be reached.
Regards,
Dhani