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@Oswald
The website stuff is probably stickers as that looks like an original Principia before they went bust and where taken over. In which case the colour is an anodised finish. Those frame are far from rubbish .. Principia's where handmade with custom to Principia tubing and they are regarded as probably the very best Alloy frames you could buy at the time - the Danish track team used a similar frame to the one advertised - any defect in the finish or the perfect tig welds and the frame was rejected by the craftsmen making them in Denmark, which is believed to be why they went bust! But beware if your buying that frame and fork (Issac Germany) will be very stiff to ride.
And yes, I am a little bias as I have one a 2005 track Principia set up with a front brake for road riding mileage at this time of the year.