Hi Kermit,
Thanks a ton for the guidance.
Apologies for the late response.I tried out the steps and the link came out to be working perfectly fine
This screenshot helped a lot to understand what exactly needs to be uploaded to the BSP application and which is not clearly mentioned in the How-to-guide.
As correctly pointed out, loading the MIME repository through SE38 was a lot easier and faster than doing it through cyberduck.Next steps are to establish connection to ipad.Will keep you posted.(Will need your help incase of errors 
)
@ prithvi - thanks for the keeping discussion alive with the errors encountered
Thanks
Varsha