I got this no badge MIJ kit in Kenosha yesterday for $80. For some reason I was intrigued by the possibilities. It's nice to have a vintage kit to work with that I don't have to worry about keeping original, since it's already been messed with. It was almost definitely rewrapped, one of the toms is from a different kit (and the same size as the original one), and I don't think the tom holder is original. The holder on it now is a spade type, but when I took the plate off of the tom I found a hole for a post mount. The good news is that its 3 ply, and hopefully has some potential to sound decent.
I got it in pretty rough shape. Here are some before pictures. There are plenty more at http://s988.photobucket.com/albums/af5/potsy24/Star%20Drums%20Restoration/
(The Acrolite and hi hat in the pictures did not come with this kit)