Thank you guys,
I appreciate for your quick update on the requested features. But still there are two point is missing to meet my exact requirement.
1. You have put Payment Method short code that is really a great feature, but I am looking for separate sms template for Cash on Delivery and Online Payment as it has different sms contents for both payment methods.
2. The Billing State is still in Short Format like MH for Maharashtra, Billing State should be Full State name at least for India.
Hope you guys will update the same soon.