service has problem loading libmyodbc5.sl (no replies)

Installed mysql odbc driver 5.1.8 on HPUX. Using libmyodbc5.sl mysql odbc driver to connect to mysql db. The application fails with 'Can't open lib '/mysql-connector-odbc-5.1.8-hpux11.11-hppa1.1-32bit/lib
/libmyodbc5.sl' : can't open the module' message.

The ldd on the module gave the following
ldd libmyodbc5.sl (mysql driver)
/usr/lib/libc.2 => /usr/lib/libc.2
/usr/lib/libdld.2 => /usr/lib/libdld.2
/usr/lib/libc.2 => /usr/lib/libc.2
/usr/lib/libpthread.1 => /usr/lib/libpthread.1
/export/home/cteam/bs/hpux11.11-hppa32/connector-common-alt-32bit/unixODBC/lib/libodbcinst.sl.1 => /usr/local/lib/libodbcinst.sl.1
/usr/lib/libc.2 => /usr/lib/libc.2
/usr/lib/libpthread.1 => /usr/lib/libpthread.1
/usr/lib/libm.2 => /usr/lib/libm.2

I have couple of questions
1. why is /export/home/cteam..... defined. is it expecting such a directory to be present. Does it point to /usr/local/lib/libodbcinst.sl.1. I verified and libodbcinst.sl.1 is present in the location specified. But with this my inetd service fails to load. Also found that the /export directory is different for different installation. In another it was /data0/...

2. When I created a directory /export....and a symbolic link to libodbcinst.s1.1 then it worked. Has anyone faced similar problem.

Is there an issue with the binary or installation/registeration process followed. Please suggest
Thanks