This is a very early (circa late 1930s) and uber-rare Universal Geneve Compur. This watch is distinctly noticeable by its hooded lugs, rarely seen on a UG. Further, the watch features a black, gilt dial, which UG rarely fit in their watches, making this watch extra special.
The watch itself is in great condition, considering its age. The case does show noticeable signs of wear or polishing. The dial shows patina and light wear, but is still very legible and attractive.