I finally could get to it.
The only way to automate on JDIC browser component is to use record and play. Object spy does not recognize HTML elements inside the JDICBrowserComponent. nor can I add elements to the object repository.
However record and play works.
The following setting needs to be made in the mic.ini file under the [ie_hook] so that QTP recognizes the JDICBrowserComponent as a browser
It would have been good however if Object Spy would be able to identify objects.