Ok, this strays into touchy territory, because let's face it - you didn't exactly get this movie legally, did you?
But I'll answer you anyway, with a caution NOT to ask that sort of question that way in the future.
It really depends on what is in the BIN files. If it's a couple of SVCD's, you need to rip them and then re-encode. If it's a couple of AVI's, you just need to re-encode. Either way, you have a bit of a learning curve ahead of you.