Dear All,
To solve the problem do the following:
1. Uninstall hamachi.
2. Now install hamachi carefully. During installation untick "Apply these settings" check box in "Older Configuration settings found" window of the installer.
3. Then continue installation.
After finishing installation when you launch hamachi you will see your ipaddress is: 0.0.0.0 and while powering up of hamachi it will ask you to create a new network or to join a existing network....That's it......