Template Covering Letter for Internal Auditor Appointment with Remunerations Fees payment agreement as per companies act & resolution RSL/SECT/13-14/ Date : 10th May,, 2013 M/s Akhil Jain & Associates Chartered Accountants 14/1 L K Road, Khapoli Mumbai – 458 445 Dear Sirs, With reference to the various discussions we had with your good selves, we hereby re- appoint you as our Internal Auditor for the Financial Year 2013-14 vide the resolution passed in the Board Meeting held on 7th May, 2013. We are enclosing herewith the scope of Internal Audit in Annexure – I and summary of Audit Fees in Annexure - II. Kindly acknowledge receipt. Thanking you, Yours faithfully, for ROCKET SALES LTD. NEELAM RAO PRESIDENT Annexure-II Summary of Audit Fees for the F.Y. 2013-14 Sl.No. Particulars Amount (Rs) Frequency per year 1 Factory Audit 5,00,000.00 Once 2 H.O.Audit 2,00,000.00 Once 3 Follow Up Audit-H.O./Factory 1,00,000.00 Twice 4 Stock Audit-Factory 2,00,000.00 Once 5 Depot Audit: For 10 Days 3,50,000.00 As and when required Per Extra Days 25,000.00 Note 1: Taxes as applicable will be charged extra. Note 2: Travelling, Boarding and lodging expenses will be reimbursed on actual basis. Note 3: The Follow up Audit Fee is Rs. 50,000.00 per frequency.