The company Muller Vaucher was founded in 1897 by Antoine Muller and Alcide Vaucher as a watch factory, and renamed in Recta SA in 1898. The accuracy of Recta watches has been recognized and certified several times, including the Geneva Seal (Poinçon de Genève). The factory also participated in chronometer competitions of the Neuchâtel Observatory. It was awarded the Grand Prix at the Barcelona Watch Fair in 1929.
The movement is nice, even though it has 7 jewels "only". But more important, it has 3 adjustments, thus qualifying as a relatively precise instrument.
So, your watch probably is an early example and restoring the movement would imo make sense. Finding a correct minute hand might need some searching. The missing bow should not be a prroblem.
Cheers, Bernhard