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Assign CHMOD Rights To Mapped Windows Folder,

hi all,
I wanted to know how can I assign rights to Mapped Windows Folder. I have mounted the folder by giving the following command
mount -t smbfs -o credentials=/ganesh/creds,uid=root,gid=root
//cmp1/shareddocs /ganesh/cmp1/shareddocs

Through root login, I can view, create, read files in the shared folder. But when I try to assign rights to other users through CHMOD +777 /ganesh/cmp1/shareddocs, I get message of insufficient rights.

Kindly guide me to assigning rights through root login.