Not able to execute an exe file from my location

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http://www.unix.com – Hello all, Am facing a peculiar problem, I have copied a utility exe from a bin folder into my local temp folder. I am trying to execute that exe, but it throws out an error saying "No such file or directory". I have given 755 & 777 permissions to it and I tried, but it still throws out that error. I have added my directory into the PATH variable, so that it calls for my exe when I do which <exe name>, it still throws out the same error. The file had rwxr-sr-x permission in its bin folder, has it to do something with that. Am unable to fix this issue, could an (HowTos)