Judging by your statement, you may have composite video, which is only one video cable, accompanied by two audio cables. Are the Video Jacks Red, Blue and Green RCAs (component) or Yellow multipin (S-Video), or Yellow RCA (composite).
Does you receiver have a digital audio input for the digital audio output from the DVD player? Does the receiver have multichannel capabilities (surround sound), or is it a stereo only?
Okay, the receiver is not for HT if you cannot pass video through it. But running the component video directly to the TV will not be an issue. You can hook up the DVD's audio output to the receiver. Keep in mind that Component video take three cables, and stereo audio takes another two.