Okay guys, here it is and it's really simple. The car is an F103 and the body set is Tamiya's Sauber C12. Mika is from the West Mclaren body set (you can't see from the picture but he's pretty scuffed up but I got two more of them). The paint is Pactra's Flourescent Red backed with White. The Rear wing end plates are covered with Tamiya's Flouresecent Red trim tape (perfect match). The stickers are custom made water decals covered with Avery clear mask (easy to do because everything appears over a white background). The logos and just about ANY logo can be found here.
http://www.logo.nino.ru/
This was done in the name of science, mainly to see how the water transfer decals will hold up to abuse.