Finally here is the solution to run 'frmcmp' in R12 . (FRM-91500)
Step1> From client machine you need to run reflection software or any XServer Display on your machine . This is mandatory to run 'frmcmp' successfully in R12.
Step2>On the client Side Login to server with user 'applmgr'' on Putty session and do the following
$ export DISPLAY='IP adress of your client':0.0
$frmcmp
Thanks
--Guru