Norelco was the brand name Philips used in North-America, so that isn't wrong. There will be a few minor technical differences, and the /00 or other model number suffix will be different, indicating a different destination country and/or said minor technical differences.
The case certainly seems correct to me. The recorder will fit in the left compartment, one or more mini tapes will fit in the right compartment.
A Philips branded example can be found at
http://www.radiomuseum.org/r/philips...ial_lfh00.html
Searching the web also turns up a few ebay auctions to get an idea of the possible monetary value. The value is, as with most mass produced items, only a few euros unless you find a collector who has no patience and missed all recent auctions.