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<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">UNITED STATES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</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">Washington, D.C. 20549</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; text-align: center"><B>CURRENT REPORT</B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">of the Securities Exchange Act of 1934</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">Date of Report (date of earliest event reported):
<B>August 17, 2012</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>GBS ENTERPRISES INCORPORATED</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%; border-collapse: collapse">
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    <TD STYLE="width: 32%; font-weight: bold; text-align: center">Nevada</TD>
    <TD STYLE="width: 2%; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 32%; font-weight: bold; text-align: center"><B>000-53223</B></TD>
    <TD STYLE="width: 2%; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 32%; font-weight: bold; text-align: center"><B>27-3755055</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(State or other jurisdiction of</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">(Commission</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">(I.R.S. Employer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">incorporation or organization)</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">File Number)</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">Identification No.)</TD></TR>
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<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>Woodstock, GA 30189</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of principal executive offices
and zip code)</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">Registrant's telephone number, including
area code: <B>(404) 474-7256</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></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 (see General Instruction
A.2. below):</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"><FONT STYLE="font-family: Wingdings">&uml;</FONT> Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>

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

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

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

<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"><B>Item 4.02. Non-Reliance on Previously Issued Financial Statements
or a Related Audit Report or Completed Interim Review.</B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b) On August 17, 2012,
GBS Enterprises Incorporated (the &ldquo;Company&rdquo;) received a letter from Grant Thornton GmbH (&ldquo;Grant Thornton&rdquo;),
the independent public accountants of GROUP Business Software AG, Eisenach, a subsidiary of the Company (&ldquo;GBS AG&rdquo;),
that the financial statements as of and for the year ended December 31, 2011 relating to the audit of GBS AG which were included
in the Company&rsquo;s Annual Report for the year ended March 31, 2012 on Form 10-K filed July 16, 2012 and the Form S-1/A filed
July 19, 2012, should no longer be relied upon because the audit was not conducted in accordance with the standards of the Public
Company Accounting Oversight Board (the &ldquo;PCAOB&rdquo;). The letter also stated that Grant Thornton conducted a statutory
audit of the financial statements of GBS AG in accordance with the German Commercial Code and German Generally Accepted Auditing
Standards (the &ldquo;Statutory Audit&rdquo;). Such Statutory Audit did not require an audit of the statement of cash flows of
GBS AG. The Company&rsquo;s officers have discussed the contents of the letter and the matters disclosed in response to this Item
4.02(b) with Grant Thornton and have concluded that the audit report of the financial statements of GBS AG for the period ended
December 31, 2011 can no longer be relied upon. Accordingly, the Company has requested that GBS AG extend the engagement of Grant
Thornton to conduct the Statutory Audit in compliance with the standards of the PCAOB as soon as possible and that such extended
engagement also include the audit of the statement of cash flows of GBS AG. After receiving Grant Thornton&rsquo;s audit report,
the Company intends to amend, as promptly as practicable, its Form 10-K filed July 16, 2012 and its Form S-1/A filed July 19, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c) The Company has provided Grant Thornton
with a copy of this Form 8-K representing the Company&rsquo;s response to Item 4.02(b) of Form 8-K on the same day as the filing
of this Report on Form 8-K with the Securities and Exchange Commission (the &ldquo;SEC&rdquo;). The Company has requested that
Grant Thornton furnish the Company with a letter addressed to the SEC stating whether Grant Thornton agrees with the statements
made by the Company in response to Item 4.02(b) and, if not, stating the respects in which it does not agree. The Company will
amend this Form 8-K by filing Grant Thornton&rsquo;s letter as an exhibit to the filed Form 8-K no later than two business days
after the Company&rsquo;s receipt of the letter from Grant Thornton as described in this paragraph.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Date: August 23, 2012</P>

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

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<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">GBS ENTERPRISES INCORPORATED</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 4%">By:&nbsp;</TD>
    <TD STYLE="width: 46%; border-bottom: Black 1pt solid">/s/ Markus Ernst</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name: Markus Ernst</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title:&nbsp; Chief Financial Officer</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": "121052770"}, "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 17, 2012
GBS ENTERPRISES INCORPORATED
(Exact name of registrant as specified in
its charter)
Nevada
000-53223
27-3755055
(State or other jurisdiction of
(Commission
(I.R.S. Employer
incorporation or organization)
File Number)
Identification No.)
585 Molly Lane
Woodstock, GA 30189
(Address of principal executive offices
and zip code)
Registrant's telephone number, including
area code:
(404) 474-7256
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 (see General Instruction
A.2. below):
¨
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 4.02. Non-Reliance on Previously Issued Financial Statements
or a Related Audit Report or Completed Interim Review.
(b) On August 17, 2012,
GBS Enterprises Incorporated (the "Company") received a letter from Grant Thornton GmbH ("Grant Thornton"),
the independent public accountants of GROUP Business Software AG, Eisenach, a subsidiary of the Company ("GBS AG"),
that the financial statements as of and for the year ended December 31, 2011 relating to the audit of GBS AG which were included
in the Company's Annual Report for the year ended March 31, 2012 on Form 10-K filed July 16, 2012 and the Form S-1/A filed
July 19, 2012, should no longer be relied upon because the audit was not conducted in accordance with the standards of the Public
Company Accounting Oversight Board (the "PCAOB"). The letter also stated that Grant Thornton conducted a statutory
audit of the financial statements of GBS AG in accordance with the German Commercial Code and German Generally Accepted Auditing
Standards (the "Statutory Audit"). Such Statutory Audit did not require an audit of the statement of cash flows of
GBS AG. The Company's officers have discussed the contents of the letter and the matters disclosed in response to this Item
4.02(b) with Grant Thornton and have concluded that the audit report of the financial statements of GBS AG for the period ended
December 31, 2011 can no longer be relied upon. Accordingly, the Company has requested that GBS AG extend the engagement of Grant
Thornton to conduct the Statutory Audit in compliance with the standards of the PCAOB as soon as possible and that such extended
engagement also include the audit of the statement of cash flows of GBS AG. After receiving Grant Thornton's audit report,
the Company intends to amend, as promptly as practicable, its Form 10-K filed July 16, 2012 and its Form S-1/A filed July 19, 2012.
(c) The Company has provided Grant Thornton
with a copy of this Form 8-K representing the Company's response to Item 4.02(b) of Form 8-K on the same day as the filing
of this Report on Form 8-K with the Securities and Exchange Commission (the "SEC"). The Company has requested that
Grant Thornton furnish the Company with a letter addressed to the SEC stating whether Grant Thornton agrees with the statements
made by the Company in response to Item 4.02(b) and, if not, stating the respects in which it does not agree. The Company will
amend this Form 8-K by filing Grant Thornton's letter as an exhibit to the filed Form 8-K no later than two business days
after the Company's receipt of the letter from Grant Thornton as described in this paragraph.
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Date: August 23, 2012
GBS ENTERPRISES INCORPORATED
By:
/s/ Markus Ernst
Name: Markus Ernst
Title:  Chief Financial Officer