Migma Favorit, according to listing made by Heinz Seifert (?) if I am reading that correctly. It's supposedly from 1960, in which case it would have pre-dated the Vox Mark IV (a.k.a. Teardrop) by three years. I guess the shape might have been based on that of a lute - it would seem to be the obvious genesis for this design.
The example being sold here is obviously missing a pickguard, which would have hidden the enlarged part of the lower f-hole. I'm guessing it was made that way as an easier way of getting the pots in place during assembly. And just to prove that this is a playable guitar, here's a video of Linas Pečiūra playing "Corcovado" on this very instrument.
G L Wilson
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