Well, it looks like the zinc model marushin Mp40 and they are heavy a lot heavier than the steel mgc mp40. The Nakata zinc MP40 is the same and i think they are the same dimensions, the mags look alike, size wise more like sten mags than mp40 mags.
it looks in incredibly good nick for a model made in the 60's, possible refurbished? getting it to work should simply be getting the appropriate det pin for the chamber and making sure the bolt is complete and of course have rounds to fire, that should be it.
Whats it worth, now that is nearly an impossible question as i have seen them go from £300 to £600 $388 to $776 so to pin down an exact worth is not easy.