Virtualbox mounting shared folders

Started playing with oracle virtualbox SOAbpm image and wanted to install eclipse pack 11g r1 on linux. First thing we need for this is the ability to copy files using sharedfolders. Had to go through the following steps for this:

1. Navigate to Shared Folders
2. Click + icon for adding folders
3. Added "Downloads" Folder with auto-mount selected
4. started the vm
5. logged in as root
6. sudo mkdir /mnt/Downloads_win
7. sudo mount.vboxsf Downloads /mnt/Downloads_win
8. cd /mnt/Downloads_win

Now you should be able to access files