I will report the progress I hope to have with it... but it will take time. It will not go on restore this year, most likely only on the second half of 2017.
But I made a little discovery today: the year it was manufactured. My 1950 guess was pretty close. It was made in 1951. I found on a collector web site a list of all the radios made by Philips of Brazil between 1949 and 1957:
http://www.qsl.net/py3cnq/philibra.htm