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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WASHINGTON, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of Earliest Event Reported):
<B><U>August 13, 2012</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>GBS ENTERPRISES INCORPORATED</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact Name of Registrant as Specified in
its Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 32%; font-weight: bold; text-decoration: underline; text-align: center">Nevada</TD>
    <TD STYLE="width: 35%; font-weight: bold; text-decoration: underline; text-align: center">000-53223</TD>
    <TD STYLE="width: 33%; font-weight: bold; text-decoration: underline; text-align: center">27-3755055</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(State of Incorporation)</TD>
    <TD STYLE="text-align: center">(Commission File No.)</TD>
    <TD STYLE="text-align: center">(IRS Employer Identification No.)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>585 Molly Lane</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>Woodstock, GA 30189</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of Principal Executive Offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Zip Code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>(404) 474-7256</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Registrant's Telephone Number, including
area code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>N/A</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Former name or former address, if changed
since last report)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Copies to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Philip Magri, Esq.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">The Sourlis Law Firm</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">130 Maple Avenue, Suite 9B2</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Red Bank, New Jersey 07701</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">T: (732) 530-9007</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">F: (732) 530-9008</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">philmagri@sourlislaw.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">www.SourlisLaw.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 1.01 Entry into a Material Definitive Agreement.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">On August 13, 2012, GBS
Enterprises Incorporated, a Nevada corporation (the &ldquo;Company&rdquo;), entered into a Note Purchase and Security Agreement
with John A. Moore, a member of the Board of Directors of the Company, and his wife (collectively, the &ldquo;Lender&rdquo;) pursuant
to which the Company sold a secured promissory note (the &ldquo;Note&rdquo;) to the Lender in the aggregate principal amount of
$1,000,000 bearing interest at a rate of 20% per year and maturing on the first anniversary date of the date of issuance with a
2% prepayment penalty. To secure the obligations of the Company under the Note, the Company granted the Lender a first priority
security interest in the accounts receivable (the &ldquo;Collateral&rdquo;) of the Company and its subsidiaries located in the
United States of America on a one-for-one (1:1) basis. Upon an Event of Default (as defined below), unless cured by the Company
within thirty (30) days after notice is given by the Lender, the entire principal balance and accrued interest outstanding under
the Note, and all other obligations of the Company under the Note, shall be immediately due and payable without any action on the
part of the Lender, and the Lender shall be entitled to seek and institute any and all remedies available to it. Notwithstanding
the foregoing, upon an Event of Default, the Lender may, in his sole discretion, elect to convert any amount outstanding and payable
under the Note into an amount of shares of Common Stock of the Company at a rate of $0.45 per share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Pursuant to the terms
and conditions of the Note, an &ldquo;Event of Default&rdquo; shall be deemed to have occurred upon the occurrence of any of the
following: (i) the Company should fail for any reason or for no reason to make any payment of the principal, interest, costs, indemnities,
or expenses pursuant to the Note within ten (10) days of the date due as prescribed herein; (ii) the value of the Collateral is
less than the outstanding principal amount under the Note; (iii) any default, whether in whole or in part, in the due observance
or performance of any obligations or other covenants, terms or provisions to be performed by the Lender under the Note, or any
other related agreements hereunder between the Company and the Lender of even date herewith which is not cured by the Company by
any applicable cure period therein, (iv) a breach of any representations or warranties, or (v) the Company shall: (1)&nbsp;make
a general assignment for the benefit of its creditors; (2)&nbsp;apply for or consent to the appointment of a receiver, trustee,
assignee, custodian, sequestrator, liquidator or similar official for itself or any of its assets and properties; (3)&nbsp;commence
a voluntary case for relief as a debtor under the United States Bankruptcy Code; (4)&nbsp;file with or otherwise submit to any
governmental authority any petition, answer or other document seeking: (A)&nbsp;reorganization, (B)&nbsp;an arrangement with creditors
or (C)&nbsp;to take advantage of any other present or future applicable law respecting bankruptcy, reorganization, insolvency,
readjustment of debts, relief of debtors, dissolution or liquidation; (5)&nbsp;file or otherwise submit any answer or other document
admitting or failing to contest the material allegations of a petition or other document filed or otherwise submitted against it
in any proceeding under any such applicable law, or (6)&nbsp;be adjudicated a bankrupt or insolvent by a court of competent jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">In connection with the
Note Purchase and Security Agreement, the Company also issued the Lender a warrant to purchase 100,000 shares of Common Stock of
the Company from the date of issuance until the third anniversary date of the date of issuance for $0.35 per share (the &ldquo;Warrant&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">The Company issued the
Note and the Warrant pursuant to Section 4(2) of the Securities Act due to the fact that the issuance was isolated and did not
involve a public offering of securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">A copy of the Note Purchase and Security Agreement, including
exhibits thereto, is filed as Exhibit 10.1 to this Form 8-K and is incorporated by reference herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 9.01. Financial Statements and Exhibits.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(d) The following exhibits are included with this report:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TR>
    <TD STYLE="width: 12%; vertical-align: top; font-size: 10pt; font-weight: bold">Exhibit No.</TD>
    <TD STYLE="width: 4%; vertical-align: top">&nbsp;</TD>
    <TD STYLE="width: 84%; vertical-align: bottom; font-size: 10pt; font-weight: bold">Exhibit Description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">10.1</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Note Purchase and Security Agreement, dated August 13, 2012, by and between GBS Enterprises Incorporated and John A. Moore, Jr. and Annedenise M. Moore</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold">GBS ENTERPRISES INCORPORATED</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 53%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 43%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">By:</TD>
    <TD STYLE="border-bottom: black 1.5pt solid; font-size: 10pt">/s/ Gary D. MacDonald</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 27pt; font-size: 10pt">Gary D. MacDonald</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 27pt; font-size: 10pt">Interim Chief Executive Officer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 27pt; font-size: 10pt">(Principal Executive Officer)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">Dated: August 16, 2012</TD></TR>
</TABLE>
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{"company-data": {"conformed-name": "GBS Enterprises Inc", "cik": "0001413754", "assigned-sic": "5020", "irs-number": "000000000", "state-of-incorporation": "NV", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-53223", "film-number": "121040765"}, "business-address": {"street1": "585 MOLLY LANE", "city": "WOODSTOCK", "state": "GA", "zip": "30189", "phone": "404-474-7256"}, "mail-address": {"street1": "585 MOLLY LANE", "city": "WOODSTOCK", "state": "GA", "zip": "30189"}, "former-company": {"former-conformed-name": "Swav Enterprises Ltd.", "date-changed": "20070928"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
August 13, 2012
GBS ENTERPRISES INCORPORATED
(Exact Name of Registrant as Specified in
its Charter)
Nevada
000-53223
27-3755055
(State of Incorporation)
(Commission File No.)
(IRS Employer Identification No.)
585 Molly Lane
Woodstock, GA 30189
(Address of Principal Executive Offices)
(Zip Code)
(404) 474-7256
(Registrant's Telephone Number, including
area code)
N/A
(Former name or former address, if changed
since last report)
Copies to:
Philip Magri, Esq.
The Sourlis Law Firm
130 Maple Avenue, Suite 9B2
Red Bank, New Jersey 07701
T: (732) 530-9007
F: (732) 530-9008
philmagri@sourlislaw.com
www.SourlisLaw.com
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
On August 13, 2012, GBS
Enterprises Incorporated, a Nevada corporation (the "Company"), entered into a Note Purchase and Security Agreement
with John A. Moore, a member of the Board of Directors of the Company, and his wife (collectively, the "Lender") pursuant
to which the Company sold a secured promissory note (the "Note") to the Lender in the aggregate principal amount of
$1,000,000 bearing interest at a rate of 20% per year and maturing on the first anniversary date of the date of issuance with a
2% prepayment penalty. To secure the obligations of the Company under the Note, the Company granted the Lender a first priority
security interest in the accounts receivable (the "Collateral") of the Company and its subsidiaries located in the
United States of America on a one-for-one (1:1) basis. Upon an Event of Default (as defined below), unless cured by the Company
within thirty (30) days after notice is given by the Lender, the entire principal balance and accrued interest outstanding under
the Note, and all other obligations of the Company under the Note, shall be immediately due and payable without any action on the
part of the Lender, and the Lender shall be entitled to seek and institute any and all remedies available to it. Notwithstanding
the foregoing, upon an Event of Default, the Lender may, in his sole discretion, elect to convert any amount outstanding and payable
under the Note into an amount of shares of Common Stock of the Company at a rate of $0.45 per share.
Pursuant to the terms
and conditions of the Note, an "Event of Default" shall be deemed to have occurred upon the occurrence of any of the
following: (i) the Company should fail for any reason or for no reason to make any payment of the principal, interest, costs, indemnities,
or expenses pursuant to the Note within ten (10) days of the date due as prescribed herein; (ii) the value of the Collateral is
less than the outstanding principal amount under the Note; (iii) any default, whether in whole or in part, in the due observance
or performance of any obligations or other covenants, terms or provisions to be performed by the Lender under the Note, or any
other related agreements hereunder between the Company and the Lender of even date herewith which is not cured by the Company by
any applicable cure period therein, (iv) a breach of any representations or warranties, or (v) the Company shall: (1) make
a general assignment for the benefit of its creditors; (2) apply for or consent to the appointment of a receiver, trustee,
assignee, custodian, sequestrator, liquidator or similar official for itself or any of its assets and properties; (3) commence
a voluntary case for relief as a debtor under the United States Bankruptcy Code; (4) file with or otherwise submit to any
governmental authority any petition, answer or other document seeking: (A) reorganization, (B) an arrangement with creditors
or (C) to take advantage of any other present or future applicable law respecting bankruptcy, reorganization, insolvency,
readjustment of debts, relief of debtors, dissolution or liquidation; (5) file or otherwise submit any answer or other document
admitting or failing to contest the material allegations of a petition or other document filed or otherwise submitted against it
in any proceeding under any such applicable law, or (6) be adjudicated a bankrupt or insolvent by a court of competent jurisdiction.
In connection with the
Note Purchase and Security Agreement, the Company also issued the Lender a warrant to purchase 100,000 shares of Common Stock of
the Company from the date of issuance until the third anniversary date of the date of issuance for $0.35 per share (the "Warrant").
The Company issued the
Note and the Warrant pursuant to Section 4(2) of the Securities Act due to the fact that the issuance was isolated and did not
involve a public offering of securities.
A copy of the Note Purchase and Security Agreement, including
exhibits thereto, is filed as Exhibit 10.1 to this Form 8-K and is incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) The following exhibits are included with this report:
Exhibit No.
Exhibit Description
10.1
Note Purchase and Security Agreement, dated August 13, 2012, by and between GBS Enterprises Incorporated and John A. Moore, Jr. and Annedenise M. Moore
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
GBS ENTERPRISES INCORPORATED
By:
/s/ Gary D. MacDonald
Gary D. MacDonald
Interim Chief Executive Officer
(Principal Executive Officer)
Dated: August 16, 2012