Looks like a paper cutter, gotta love the French, I have seen these when I was over seas in Italy in the early 90's, though some french bikes are a weird anyway, I have an early 70's Gitane Gran Luxe 10 with a very small frame, it has the mafac stuff and ALDO high flange hubs which are close to, if not made by normandy of the time, a good steel bike and very retro cool. May sell it soon to make room for a few more bikes.

edit: removed the charged term for french to a more PC term (French).