I read several DIY threads about using parts from other bikes (Gorilla25 , thebozenator, headshrink, etc).
So I picked up a cbr 250r hugger from a local store for around 12$. And did some simple mods: Mainly relocating the mounting bracket and applying some reflective vinyl.
Here are some pics.
Edit:
Here are some of the threads helped me:
http://www.ninjette.org/forums/blog.php?b=1099
http://www.ninjette.org/forums/showp...&postcount=568
http://www.ninjette.org/forums/showp...&postcount=612
Also, I didn't do anything fancy. Just cut the front mounting bracket off and glued it to appropriate position. Then zip-tied the right hand side.