It's actually (beside the sidefolding) a replica of the real one and not of the Guarder one.. it has a bolt carrier, gas piston etc, all things the Guarder one lacks, and it's much easier designing a gun from the ground up to have such features.
So for an AKM, it's a good base, it will need quite a lot of parts to make it look like an AKM though..
(Ribbed receiver cover, AKM handguards and stock, TM Ak-47 front end, slanted muzzlebreak)