That looks a lot like the "mystery" Italian bike I got from the LBS that I worked in back in the 70's. It came from a police auction with a crappy repaint and no headbadge or decals.
Nice find!
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1971 Paramount P-13 Chrome
1973 Paramount P-15 Opaque Blue
1974 Raleigh Professional Blue Mink
1991 Waterford Paramount
Holland Titanium Dura Ace Group
Holland Titanium Ultegra Triple Group