BMX Gurus Needed - 70's German BMX?

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Any ideas what this is? Google isn't bringing much up.

I picked it up today at the local goodwill, I figure you shouldn't pass up a chrome looptail.
It appears to be fairly complete?

I found the seat on Ebay, same design, but different color sold for $70 recently. That's all I can find.

Has German Bikeshop sticker
Double Clamp with stamped K on each side
Rims say Schurmann Made in Germany
Seat says aeroyal
Stickers say Augusta WESTDEUTSCHES MARKENRAD

Google brings me to a couple BMX Museum posts, but there isn't anything to go on there for info.
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I have no clue about that bike, BUT I am kinda fascinated by the BB....

The whole bike seems to be German-made versions of popular old-school parts.
 
Could be a late 80's Raleigh rebadge, That front gusset is super unique.. I have seen it before on US dept store bikes but can't remember the maker..
 
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