Parts look good, yet it may be a repaint, paint almost looks too good, check closely, it should have a silver metallic undercoat to the red, yet also a red oxide primer base coat under that. The chipping around the seat post looks legit and could be revealing the silver metallic coat or the more common gray primer modern day painters use. Looks like a repop rear slick, check the bead, it will have a made in taiwan there if reproduction. Also its missing a couple of original cable clamps, seat has the shape of a reproduction, and rear S-2 rim looks like the 1971 style single knurl. This could be an assembly of various years Krate parts.