Is is fairly unaltered. When I bought it, it was covered in rust and the stock looked like it would fall apart, so I cleaned all the rust off of it and washed the stock, buffed it with a little steel wool and put a new coat of stain and a protective finish on it. All the original markings and stamps are still there, but it looks a lot better now. Here's a few pictures of it.
I've shot it at 200 yards before and it did ok, but unless it was a wide open field with a good rest and good light, I don't think I'd shoot it at that range for hunting. Many of the farmers around here use the Mosin Nagant carbine, but they mostly shoot coyotes and other varmits with it.