This is probably a make no-one has heard of. However, they do not seem to be a manufacturer rather than a finisher. A kind of "pimp my phonograph" conpany that took a common style phonograph, and made additions to it.
Excelsior Style
Link to ROMFI
Here we clearly have an German Excelsior phonograph that has been adorned with a fitted case for machine, cylinders and horn. The simple excelsior, with enclosed key-wind motor at left, japanned base and frame with gilt
and red crane and lining, has the Mascagni lable transfer on its base, Included in the fitted case are reproducer and recorder in maker's cartons,
spun 14½-inch aluminium horn.