School watch from St. Imier

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Hey guys,

While waiting for it to arrive here are some photos of the watch.

Dial says "Ecole d'Horologerie St. Imier". Not in great condition but I can live with that.

Movement looks like heavy decorated Felsa 1560 with Reed's patented regulator.

Case is definetly polished and 32,5 mm which wears a bit small.

As I understand, some watches were made from scratch and others are just upgraded and decorated like this one.

What are your thoughts?

*sorry for crappy photos, seller will send me better ones by email today*
 
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Update:

Here are better pics. Looks like somebody tried to clean the dial and washed of the print of St. Imier.

Size is 31-ish mm but movement looks amazing. Little piece of art 🥰